;78
-33788$-83>
3%?
@7
8378
',# ? U - 3 378 8 $- 8 3> -.5909,1/ -/*26,9-.
9G5/029-93/,1/378N+39D.3+,Q4.-/5/D+5*.*D.,*121+V-9*.GP.539-/D.,-.3V,2.9G/51.D.3759X.
2,-/1/532,9-. -/ -+59:4. / 5/62-. 7/8. 75/*/,1/ /6+893/,1. G/3 D.3. 7/89* -2*7.*2:B/* 8/692* /
5/6+893/,195/*O+/8Q/P.5/39782DT0/2*!
@7
8A$
',#?'378N-/*12,9-.9.7\G82D./36/598!
@7
88-BC
',#?U378N9-32,2*159-.7/8.---2,*121+2:4.P2,9,D/25975209-9
D.3*/-/,92-9-/-/4.9+8.*19-.-/4.9+8.,90!5/*2-/,1/$+*D/82,.j+G21*DQ/a,;L?=>;9?<;
9,-95/*2,*D521.,.$F*.G,;=?!LAA!HK@F===?U@A-/02-93/,1/9+1.52X9-.9P+,D2.,95,.79V*91590N*
-9 +1.52X9:4. -/ +,D2.,93/,1. ,; >K!==KH>??> -919-9 -/ ?K -/ +1+G5. -/ ?>>K -.5909,1/ -/*26,9-.
8-8!
',#D?U&-9D.37/1S,D29-.8-8E
'-2826/,D2957959O+/*/R9339,12-.*[**+9*/C7/,*9*91+982X9-.*//37/5P/219.5-/3E
9 .5/62*15.-/D.12*19*Y
G .8205.-/919*-9*9**/3G8N29*6/592*Y
D .8205..+82*19-/75/*/,:9-/D.12*19*Y
- .*795/D/5/*-.9+-21.52,-/7/,-/,1/Y
/ .*5/62*15.*D.,1TG/2*5/P/5/,1/*[*.7/59:B/*/9.791523W,2.-.378Y/
P 9-.D+3/,19:4.5/891209[*.7/59:B/*-.3787/8.759X.-/=LD2,D. 9,.*Y
' ,. D9*. -/ 2,*19+59:4. -/ 75.D/-23/,1. 9-32,2*159120. 7/89 39,1/5 9 -.D+3/,19:4. 5/P/52-9 ,.
2,D2*.9,1/52.591N.1N532,.-.3/*3.Y
'7969593+819D.32,91Z529,.*1/53.*-98/62*89:4.026/,1/7.5D9-9-29-/9159*.,.D+37523/,1.-.*
759X.*75/02*1.*,95/6+893/,19:4.7/512,/,1/Y
'/89G.595/-20+86959*2,P.539:B/*75/02*19*,.97V1+8.-9,*15+:4.,;<=>F=<Y
'39,1/591+982X9-9R+,1.[982*19-/75/*19-.5/*-/*/502:.*D.,15919-.*7/8.378G/3D.3.9*
-/392*2,P.539:B/*D9-9*1592*Y
'D+*1/959*-/*7/*9*-/75.7969,-9-.3782,D8+*20/D.39/89G.59:4.-.5.*7/D1.Y
'39,1/5*/502:.-/91/,-23/,1.9.D.12*195/*7.,*T0/87/8./*D895/D23/,1.-/-\02-9*/7/8.5/D/G23/,1.
-/5/D8939:B/*Y
'.G*/50959*-2*7.*2:B/*D.,*19,1/*-./6+893/,1./-.5.*7/D1.Y
'D+375259*-/82G/59:B/*-99**/3G8N296/598Y/
'P2*D982X95.**/502:.*75/*19-.*7.51/5D/25.*D.,15919-.*7/8.378!
',# ? U 8-8 5/**9809-. .* 7.-/5/* D.,P/52-.* 9.* 75/*19-.5/* -/ */502:.* -. 378
9G92C.3/,D2.,9-.* 1/37.-/5/* 7959 75912D95 1.-.* .* 91.* ,/D/**T52.* [ 9-32,2*159:4. -. 378 G/3
9**23 7959 /C/5D/5 1.-.* .* -25/21.* 2,/5/,1/* 9.* 9120.* P2,9,D/25.* / [* 3.-982-9-/* .7/59D2.,92* O+/
2,1/65/3*+9D951/259!.-/5T26+983/,1/9G525/3.023/,195D.,19*G9,DT529*9-O+2525/982/,958205/3/,1/
1V1+8.*/098.5/*3.G282T52.*159,*2625/75912D95/,P231.-.*.*91.*,/D/**T52.*[9-32,2*159:4.-.378
-/9D.5-.D.3.*2,1/5/**/*/.GR/120.**.D292*.G*/509-9*9*823219:B/*8/692*-/*1//6+893/,1.!
'4'# A% # ' 8-8 N 5/*7.,*T0/8 7/89 9-32,2*159:4. -. 378 / */3 75/R+VX. -.
-2*7.*1.,/*1/97V1+8..8-81/37.-/5/*79595/75/*/,195.378/3R+VX./P.59-/8/!
',#E?U8-87.-/D.,159195/3,.3/-.378D.31/5D/25.*-/02-93/,1/Q9G28219-.*
/9+1.52X9-.*/375/*9*7959975/*19:4.-.**/6+2,1/**/502:.*E
9 6/*14.-9D951/259-.378Y
G D.,*+81.529-/2,0/*123/,1.*Y
D 91202-9-/*-/1/*.+59529-/D.,15.8//75.D/**93/,1.-.*1V1+8.*/098.5/*3.G282T52.*Y
- -2*152G+2:4.-/D.19*Y
/ /*D521+59:4.-9/32**4./5/*691/-/D.19*Y
P D89**2P2D9:4.-/52*D.7.596S,D29/*7/D2982X9-9D.,*121+V-9,.9V*Y
6 D+*1Z-29-/1V1+8.*/098.5/*3.G282T52.*/-/392*9120.*P2,9,D/25.*!
',#F?U6/*14.-9D951/259-.378*/5T5/982X9-97/89'0,%+%,',*!
*.D2/-9-/ /375/*T529 -/02-93/,1/ 9+1.52X9-9 9 75/*195 . */502:. -/ 9-32,2*159:4. -/ D951/259* -/ 1V1+8.* /
098.5/* 3.G282T52.* 7.5 3/2. -. 1. /D89591Z52. ,; L!=HA -/ =H -/ /1/3G5. -/ ?>>@ 2,*D5219 ,.
$F *.G ,l =A!LKA!KKHF===?UAL D.3 */-/ ,9 972198 -. *19-. -/ 4. 9+8. ,9 0/,2-9 5/*2-/,1/
$+*D/82,.j+G21*DQ/a,;L?=?<;9,-95-.5909,1/-/*26,9-9;-!
'4'# A% # ' ;- 7.-/5T /C/5D/5 1.-. / O+98O+/5 -25/21. 2,/5/,1/ 9.* 9120.* O+/ D.37B/3 9
D951/259-.378/*7/D2983/,1/39*,4.*/823219,-.9.D.3795/D23/,1.//C/5DVD2.-.-25/21.-/0.1.9
*/+75Z752.D521N52.,9*5/+,2B/*.+9**/3G8N29*6/592*-.*P+,-.*-/2,0/*123/,1..+D.379,Q29*/3O+/.
3782,02*19!
',# G? UD+*1Z-29 -.*1V1+8.* / 098.5/* 3.G282T52.* / -/392* 9120.* P2,9,D/25.* -. 378*/5T 5/982X9-9
7/8.75Z752.8-8RTO+982P2D9-.9D239!
'4'#A% #'/198Q/**.G5/.*-/392*75/*19-.5/*-/*/502:.*/*14.-2*7.*1.*,.5.*7/D1.-.378
',#?U8-8/9;-/*14..G5269-.*99-.1959**/6+2,1/*,.539*-/D.,-+19E
'/C/5D/5*+9*91202-9-/*G+*D9,-.*/375/9*3/8Q.5/*D.,-2:B/*7959.378/375/69,-..D+2-9-./9
-2826S,D29 O+/ 1.-. Q.3/3 9120. / 75.G. D.*1+39 -2*7/,*95 [ 9-32,2*159:4. -/ */+* 75Z752.* ,/6ZD2.*
91+9,-.D.38/98-9-//35/89:4.9.*2,1/5/**/*-.*D.12*19*/-.378/0219,-.75T12D9*O+/7.**93P/5259
5/89:4.P2-+D2T529D.3/8/*39,12-9/5/*7.,-/,-.7.5O+92*O+/52,P59:B/*.+255/6+8952-9-/*O+/0/,Q939
*/5D.3/12-9**.G*+99-32,2*159:4..+6/*14.Y
' /C/5D/5 .+ -2826/,D295 7959 O+/ */R93 /C/5D2-.* 1.-.* .* -25/21.* -/D.55/,1/* -. 791523W,2. / -9*
91202-9-/*-.3785/**9809-..O+/-2*7+*/5./6+893/,1.*.G5/97.8V12D95/8912099./C/5DVD2.-/-25/21.
-/0.1.-.378Y/
'/375/695,9-/P/*9-.*-25/21.*-.*D.12*19*9-2826S,D29/C262-97/89*D25D+,*1_,D29*75912D9,-.1.-.*.*
91.*,/D/**T52.*79599**/6+5TU8.*/9-.19,-.9*3/-2-9*R+-2D292*D9GV0/2*!
'4'# /% # U 8-8 / 9 ;- -/0/3 159,*P/525 9. 378 O+98O+/5 G/,/PVD2. .+
09,196/3 O+/ 7.**93 98D9,:95 /3 -/D.55S,D29 -/ *+9 D.,-2:4. 9-3212,-.U*/ D.,1+-. O+/ .
8-8 / 9 ;- */R93 5/3+,/59-.* 7/8.* 9-32,2*159-.5/* -/ P+,-.* ,.* O+92* . 378
2,02*19!
',#U8-87.-/5/,+,D295[9-32,2*159:4.-.3783/-29,1/23/-2919D.,0.D9:4.-/
9**/3G8N29 6/598 7959 /8/6/5 */+ *+G*121+1.! 8-8 -/0/5T 7/539,/D/5 ,. /C/5DVD2. -/ *+9*
P+,:B/* 91N *+9 /P/1209 *+G*121+2:4. O+/ -/0/5T .D.55/5 ,. 759X. 3TC23. -/ H= 152,19 -29* *.G 7/,9 -/
82O+2-9:4.-.3787/8.8-8!
@7$
8@8$-
',#U.GR/120.75/DV7+.-.378N91+95,.*/,12-.-/75.7.5D2.,959*/+*D.12*19*098.52X9:B/*-/
*+9*D.19*3/-29,1/9782D9:B/*-/5/D+5*.*P2,9,D/25.*/3D951/259-20/5*2P2D9-9-/9120.*P2,9,D/25.*!D951/259
-.378-/0/5T.G/-/D/59*-25/152X/*-/-20/5*2P2D9:4.-/2,0/*123/,1.*/*19G/8/D2-9*,/*1//6+893/,1.
/ ,9 5/6+893/,19:4. /3 026.5 G/3 D.3. 9* 0/-9:B/* 9782DT0/2* [* ,12-9-/* /DQ9-9* -/ 5/02-S,D29
.378/3/,19575/02*19*,/*1/5/6+893/,1.!!
'4'# '+'# U 2D9 -/*-/ RT /*19G/8/D2-. O+/ . 8-8 ,4. */5T 5/*7.,*T0/8 7/89
.G*/50_,D29 / D.,15.8/ -.* 82321/* -/ 2,0/*123/,1.* /C262-.* 9.* D.12*19* O+/ */R93 ,12-9-/* /DQ9-9* -/
5/02-S,D29.378/3/,195/379512D+8959O+/8/*5/89D2.,9-.*[D951/259D.,*.82-9-9.+D98D+89-.*/35/89:4.
9.*/+791523W,2.1.198!959.*P2,*-/*1//6+893/,1.D.,*2-/593U*/9120.*P2,9,D/25.*9O+/8/*/8/,D9-.*
,.]?;-.95126.A;-9,*15+:4.,;<=>F=</981/59:B/*7.*1/52.5/*!
'4'#-)%*#'*9120.*D+R982O+2-9:4.7.**9*/-957.53/2.-9/,15/69-/75.-+1.*3/5D9-.529*.+
*/502:.*-/0/54.E
'*/5,/6.D29-.*/3G.8*9-/3/5D9-.529*/P+1+5.*O+/6959,19*+982O+2-9:4..G*/509-..-2*7.*1.,.]L;
-.95126.?K-9,*15+:4.,;<=>F=</981/59:B/*7.*1/52.5/*Y.+
' */5 .GR/1. -/ D.,1591. O+/ 9**/6+5/ 9. 378 . -25/21. -/ *+9 982/,9:4. 9,1/* -. 0/,D23/,1. D.3
6959,129-/2,*121+2:4.P2,9,D/259.+-/*.D2/-9-/*/6+59-.59.G*/509-9,/*1/\8123.D9*.95/6+893/,19:4.
-9+7/52,1/,-S,D29-//6+5.*5209-.*'
!
'4'# ' '# ' .3/,1/ 7.-/54. D.37.5 9 D951/259 -. 378 9120.* P2,9,D/25.* 9-3212-.* 9
,/6.D29:4./3G.8*9-/098.5/*-/3/5D9-.529*/P+1+5.*.+5/62*159-.*/3*2*1/39-/5/62*15.-/D+*1Z-29
.+-/82O+2-9:4.P2,9,D/259-/02-93/,1/9+1.52X9-.7/8.9,D./,1598-.59*289D/,% .+7/89,9*
*+9*5/*7/D1209*T5/9*-/D.37/1S,D29!4.-/7/,-/54.-.5/62*15.-/O+/15919.…ƒ’—–9*D.19*-/P+,-.*-/
2,0/*123/,1.9G/51.!
'4'#H)',#'5/62*15.9O+/*/5/P/5/.95T659P./5D/25.-/*1/5126.-/0/5T*/55/982X9-./3D.,19*
-/-/7Z*21./*7/DVP2D9*9G/519*-25/193/,1//3,.3/-.378!
',#U4..G*19,1/9-2826S,D29-.8-8/3D.8.D95/375T12D997.8V12D9-/2,0/*123/,1.
-/82,/9-9 ,/*1/ 97V1+8. .* 2,0/*123/,1.* -. 378 7.5 *+9 75Z7529 ,91+5/X9 /*1954. */375/ *+R/21.* 9
P8+1+9:B/* -. 3/5D9-. / 9 52*D.* -/ D5N-21. ,4. 7.-/,-. . 8-8 /3 Q27Z1/*/ 986+39 */5
5/*7.,*9G282X9-.7.5/0/,1+98-/75/D29:4.-.*9120.*-9D951/259.+75/R+VX./3D9*.-/82O+2-9:4.-.378
.+5/*691/-/D.19*!
'4'# '+'# U * 9782D9:B/* 5/982X9-9* ,. 378 ,4. D.,193 D.3 6959,129 -. 8-8
,/31937.+D.-.+,-.959,12-.5-/5N-21.*U!
'4'# -)%*#'C2*1/97.**2G282-9-/-/5/982X9:4.-/.7/59:B/*O+/D.8.O+/3/352*D..791523W,2.
8VO+2-.-.3787.-/,-..D.55/509529:B/*,/691209*,.098.5-9D.19/7/5-9-.D972198!
@7$
88$-3BC8
',#'378-/0/5T7.**+25,.3V,23.@=I.21/,197.5D/,1. -9D951/259/39120.*5/89D2.,9-.*
-25/193/,1/ .+ *2,1/12X9-.* 029 -/5209120.* 9.* 752,D2792* P91.5/* -/ 52*D. -9 D951/259 -. 378
5/75/*/,19-.*7/8909529:4.-919C9-/R+5.*-.3N*12D9.+V,-2D/-/75/:.*.+93G.*!
'4'#'+'#'378.G*/5095T.**/6+2,1/*82321/*-/D.,D/,159:4.7.5/32**.5*/375/R+VX.-9*
,.539*9782DT0/2*[*+9D89**/E
' 91N A=I 02,1/ 7.5 D/,1. -. 791523W,2. 8VO+2-. -. 378 O+9,-. . /32**.5 P.5 2,*121+2:4. P2,9,D/259
9+1.52X9-99P+,D2.,957/8.9D/,Y
'91N?=I-/X7.5D/,1. -.791523W,2.8VO+2-.-.378O+9,-../32**.5P.5D.379,Q299G/519Y
'91N?=I-/X7.5D/,1. -.791523W,2.8VO+2-.-.378O+9,-../32**.5P.5P+,-.-/2,0/*123/,1.Y
U91NLID2,D.7.5D/,1. -.791523W,2.8VO+2-.-.378O+9,-../32**.5P.57/**.9PV*2D9.+R+5V-2D9-/
-25/21.75209-.O+/,4.*/R9D.379,Q299G/519.+2,*121+2:4.P2,9,D/2599+1.52X9-99P+,D2.,957/8.9D/,Y/
'91N?==ID/37.5D/,1. -.791523W,2.8VO+2-.-.378O+9,-../32**.5P.59
,24./-/598!
'4'#-)%*#'378,4.7.-/5T-/1/5392*-/A=I02,1/7.5D/,1. -/*/+791523W,2.8VO+2-./3
9120.*P2,9,D/25.*-//32**4.-.8-8-9;-.+-//375/*9/8/*8269-9!
'4'# ' '# ' 378 ,4. 7.-/5T -/1/5 9120.* P2,9,D/25.* D.,*2-/59-.* -/ 5/,-9 0952T0/8 D.3
/CD/:4.-/.7/59:B/*O+/5/*+81/3/35/,-23/,1.-/19C9-/R+5.*75NP2C9-9!
'4'# H)',# ' +3+8912093/,1/ 9.* 82321/* 7.5 /32**.5 . 378 .G*/5095T .* */6+2,1/* 82321/* -/
D.,D/,159:4.7.53.-982-9-/-/9120.P2,9,D/25.*/375/R+VX.-9*,.539*9782DT0/2*[*+9D89**/E
'91NA=I02,1/7.5D/,1. -.791523W,2.8VO+2-.-.3787959.D.,R+,1.-.**/6+2,1/*9120.*E
9 D.19* -/ P+,-.* -/ 2,0/*123/,1. 2,D8+2,-. 9O+/8/* 9-32,2*159-.* 7/8. 8-8 ;- .+
/375/*9*9/8/*8269-9Y
G D.19*-/P+,-.*-/2,0/*123/,1./3D.19*-/P+,-.*-/2,0/*123/,1.2,D8+2,-.9O+/8/*9-32,2*159-.*7/8.
8-8;-.+/375/*9*9/8/*8269-9Y
D D.19*-/+,-.*-/,0/*123/,1.3.G282T52.'Y
- D.19* -/ +,-.* -/ ,0/*123/,1. /3 25/21.* 5/-21Z52.* ' 2,D8+2,-. 9O+/8/* 9-32,2*159-.* 7/8.
8-8;-.+/375/*9*9/8/*8269-9Y
/ D.19*-/+,-.*-/,0/*123/,1./3.19*-/+,-.*-/,0/*123/,1./325/21.*5/-21Z52.*'U
2,D8+2,-.9O+/8/*9-32,2*159-.*7/8.8-8;-.+/375/*9*9/8/*8269-9Y
P D.19* -/ P+,-.* -/ V,-2D/ 9-32,12-.* [ ,/6.D29:4. /3 G.8*9 -/ 098.5/* .+ ,. 3/5D9-. -/ G98D4.
.569,2X9-.Y
6 /512P2D9-.*-//D/GV0/2*3.G282T52.*'Y
Q .+15.*9120.*P2,9,D/25.*,4.75/02*1.*,.*2,D2*.*/-/*1/95T659P.-/*-/O+/7/53212-.*,.5126.?=
-/*1//6+893/,1.!
'91NL=ID2,Oc/,197.5D/,1. -.791523W,2.8VO+2-.-.3787959.D.,R+,1.-.**/6+2,1/*9120.*E
9 1V1+8.* -/ /32**4. .+ D..G5269:4. -/ 2,*121+2:4. P2,9,D/259 9+1.52X9-9 9 P+,D2.,95 7/8. 9,D. /,1598 -.
59*28Y
G 098.5/*3.G282T52.*-20/5*.*-9O+/8/*75/02*1.*,.*2,D2*.*/-/*-/O+/5/62*159-.*,9/.GR/1.-/
.P/5197\G82D9-/9D.5-.D.39,*15+:4.,;<==-/A==H.G*/509-.92,-9.-2*7.*1.,.2,D2*.-.]?=
-.95126.@K-9,*15+:4.,;<=>F=</981/59:B/*7.*1/52.5/*!
U,4.Q90/5T82321/-/D.,D/,159:4.7.53.-982-9-/-/9120.P2,9,D/25.7959.2,0/*123/,1./3E
9 1V1+8.*7\G82D.*P/-/592*/.7/59:B/*D.375.32**9-9*89*15/9-9*,/*1/*1V1+8.*Y
G .+5.-/*-/O+/+*9-.79595/982X95.7/59:B/**2,1/12X9-9*795919C9-/R+5.*75N.+7Z*P2C9-9 91590N*-.
+*.-/-/5209120.*Y
D D.,1591.*-/5209120.*/CD/1.*/5/P/5/,D29-.*,.*9120.*82*19-.*,.*2,D2*.*/9D239!
'4'#H)%,#'378,4.7.-/5T5/982X95.7/59:B/*O+/./C7.,Q93[09529:4.D93G298!
'4'#-5,#'378,4.7.-/5T-/1/59120.*P2,9,D/25.*,/6.D29-.*,./C1/52.5!
'4'#-I,+#'&0/-9-.9.378E
' 39,1/5 7.*2:B/* /3 3/5D9-.* -/5209120.* 9 -/*D.G/51. .+ O+/ 6/5/ /C7.*2:4. *+7/52.5 9 =? +39 0/X .
5/*7/D120.791523W,2.8VO+2-.Y
'75912D95.7/59:B/*-/,.32,9-9*†ƒ›Ǧ–”ƒ†‡ǡ/CD/1+9-9*9*5/982X9-9*/378919P.539/8/15W,2D9.+/3G.8*9
-/098.5/*.+-/3/5D9-.529*/P+1+5.*-/*-/O+/-/02-93/,1/R+*12P2D9-9*7/8.8-8Y
' 8.D95 /375/*195 1.395 /375/*19-. /37/,Q95 .+ D9+D2.,95 1V1+8.* / 098.5/* 3.G282T52.* /CD/1. ,9*
*/6+2,1/*Q27Z1/*/*E
9 -/7Z*21.-/6959,129*/3.7/59:B/*D.3-/5209120.*Y
G .7/59:B/* -/ /375N*123. -/ 1V1+8.* / 098.5/* 3.G282T52.* .G*/509-9* 9* 5/659* *.G5/ . /375N*123. -/
098.5/* 3.G282T52.* 7.5 D_3959* / 75/*19-.5/* -/ */502:.* -/ D.37/,*9:4. / 82O+2-9:4. /*19G/8/D2-9* 7/8.
.,*/8Q..,/1T52.9D2.,98% G/3D.3.9*3/-2-9*5/6+893/,195/*9-.19-9*7/89Y
D -/7Z*21.-/6959,129*-/9:B/*R+-2D292*!
'4'# ,&# ' * .7/59:B/* -. 378 /3 3/5D9-.* -/ -/5209120.* -/0/54. */5 5/982X9-9*
/CD8+*2093/,1/,93.-982-9-/D.36959,129%!
'4'# #%# ' 8-8 / 9 ;- /*14. 9+1.52X9-.* 9 91+95 -25/19 .+ 2,-25/193/,1/
D.3.D.,1597951//3.7/59:B/*-9D951/259-.378!
',#D*82321/*5/P/52-.*,.5126.?H*/54.D+3752-.*-295293/,1/D.3G9*/,.791523W,2.8VO+2-.-.
378-.-29\12823/-29193/,1/9,1/52.5!
@7$
--8J--BC8$-
',#
'5.D/**.-/*/8/:4.-/9120.*-.378N5/982X9-.-9*/6+2,1/P.539E
U,T82*/E1/,-.7.5G9*/2,P.539:B/*7\G82D9*D.8/19-9*-/P.,1/*D.,*2-/59-9*D.,P2T0/2*9;-9152G+2
9.*9120.*P2,9,D/25.*O+/7.-/3D.37.59D951/259-.378+397/5*7/D1209-/5/,19G282-9-//52*D.!92*
9152G+1.*7.-/3*/55/909829-.*-/P.5397/52Z-2D9.+D9*.9*0952T0/2*O+/-/593*+7.51/9/*19*D.,D8+*B/*
*/981/5/3!*0952T0/2*UDQ90/79599-/P2,2:4.-/*1/*9152G+1.*2,D8+/339*,4.*/823219397/5*7/D1209*-9
/D.,.3293+,-298/G59*28/25991+9:4.-9*9+1.52-9-/*3.,/1T529/-/3/5D9-.*-/D972192*,V0/2*-/75/:.*
-.*9120.*P2,9,D/25.*19C9*-/D_3G2./D.33.-212/*-/3.,*159:B/*P2,9,D/259*P91.*5/8/09,1/*/.72,2B/*
-/9,982*19*/-/.+15.*96/,1/*-.3/5D9-.-/D972192*!
U .,*15+:4. -/ 7.51P.82.*E *4. 5/982X9-.* D.321S* ,.* O+92* D.3 G9*/ ,9* 9,T82*/* 9D239 -/P2,/U*/
7/52.-2D93/,1/9D951/259U3.-/8. 9R+*19-97959.*.GR/120.* -/ 7/5P.539,D/ 97.8V12D9 -/ 2,0/*123/,1./9
7.8V12D9-/9-32,2*159:4.-/52*D.-.378!93/*39P.539198D951/2597.-/*/5981/59-9/3P+,:4.-/
,.09*0952T0/2*975/*/,19-9*7/8.3/5D9-.!
U378/3/,19:4.E9*/0/,1+92*981/59:B/*,9D.37.*2:4.-9D951/259-.3787959975.C23TU89-9D951/259U
3.-/8.*4.2378/3/,19-9*7/89;-8/09,-./3D.,199909829:4.-.,V0/8-/52*D.2-/987959.378K
.*D+*1.*-/159,*9:4./.,V0/8-/75/:.-.*9120.*P2,9,D/25.*!/*19P.539/3G.59/*7/59U*/O+/Q9R9+39
D.,0/56S,D29-9D.37.*2:4.-9D951/259-.378/-9D951/259U3.-/8.7.-/3Q90/5-20/56S,D29*/,15/9*
-+9*!
'4'# A% # ' 75.D/**. -/*D521. 9D239 7.-/ */5 9R+*19-. /3 P+,:4. -/ .D.55S,D29* -/ P91.* P.59 -.
D.,15.8/-9;-192*D.3.9782D9:B/*/5/*691/*79693/,1.-/237.*1.*981/59:B/*,9*D.,-2:B/*-/
82O+2-/X-/3/5D9-.981/59:B/*-98/62*89:4.9782DT0/8/,15/.+159*!
@7$
8@88-BC8-L8-
7M8-;
',#E'.8V12D9-/9-32,2*159:4.-/52*D./.*3N1.-.*+1282X9-.*7959/*1/6/5/,D293/,1.N5/982X9-.-9
*/6+2,1/P.539E
U2*D.-//5D9-.E6/5/,D293/,1.-.52*D.-/3/5D9-.9**+32-.7/8.378N/P/1+9-.752,D27983/,1/
91590N*-/-+9*3/-2-9*E7/5-9/*7/59-9/3D/,T52.*-/•–”‡••ȋ–”‡••–‡•–‹‰Ȍ/`ƒŽ—‡ƒ–‹• !7/5-9
/*7/59-9 /3 D/,T52.* -/ *15/** N D98D+89-9 91590N* -9 *23+89:4. -.* /P/21.* 75.-+X2-.* ,9 D951/259 P5/,1/ 9
D/,T52.*-/3/5D9-.9-0/5*.*!*5/P/52-.*D/,T52.*/*14.G9*/9-.*,.3.-/8.-/3956/,*-9bO+/*4.
-/P2,2-.*91590N*-/*/+.321S-/2*D./75.R/193.*D289:B/*3TC239*/3V,239*7959.*3/5D9-.*/3O+/
. 378 91+9! -2D2.,983/,1/ . 6/5/,D293/,1. -/ 52*D. N /P/1+9-. 91590N* -9 +1282X9:4. -/ 3.-/8.*
/*191V*12D.*O+/02*9375.R/195/3D.,-2:B/*,.5392*-/3/5D9-.93TC2397/5-975.0T0/87959.7.51P.82.
-/2,0/*123/,1.*-.378,+3-9-.Q.52X.,1/-/1/37.7959+32,1/5098.-/D.,P29,:9-/P2,2-.`'
ƒŽ—‡ ƒ– ‹• ! *19* *23+89:B/* *4. /P/1+9-9* /3 G9*/ -2T529 -/ 3.-. 9 75.R/195 . 52*D. 9**+32-. 7/8.
378D.3G9*//3*+9D951/25991+982X9-9!
U 2*D. -/5N-21.E ;- +1282X9+39 7.8V12D9-/ 9152G+2:4. -/ 82321/*75.7.5D2.,92* [ *+9 909829:4. -9
O+982-9-/-.D5N-21.-.*1V1+8.*//32**.5/*!**97.8V12D9D.,1/3789.**/6+2,1/*D521N52.*E
U2321//37/5D/,1+98-.791523W,2.-.378 7.5/32**.5.+1V1+8.Y
U2321//3/92* 7.5/32**.5Y
U2321//37/5D/,1+98-.791523W,2.-.378 7.5/32**.5.+1V1+8.*,93/*39D91/6.529Y
U2321//37/5D/,1+98 -.3.,19,1/-9/32**4..+-.791523W,2.-./32**.5!
U2*D.-/2O+2-/XE;-+1282X97.8V12D9*/75.D/-23/,1.*7959.6/5/,D293/,1.-/52*D.-/82O+2-/X-.*
5/D+5*.* 6/52-.*! 6/5/,D293/,1. -/ 52*D. -/ 82O+2-/X 5/O+/5 . 789,/R93/,1.7959 9 6/*14./ .7/59:4.*.G
D.,-2:B/* ,.5392* / -/ *15/** / -/0/ */5 D.,*2*1/,1/ ,9* 9,T82*/* / 3/-2-9* O+/ 7/532193 9 75.R/:4. -/
82O+2-/X-.*5/D+5*.*6/52-.*D.,*2-/59,-.U*/193GN39D.12X9:4./.7/5P28-.79**20.-.378/90982959*
.7:B/* *.G 0T529* D.,-2:B/* -/ 3/5D9-. 2,D8+2,-. +3 789,. -/ D.,12,6S,D29 / 9 39,+1/,:4. -/ ,V0/2*
9-/O+9-.*-/82O+2-/X9D+*1.*9D/21T0/2*F59X.T0/2*!
'4'# A% # ' 378 ,4. 9-.19 ,/,Q+39 7.8V12D9 /*7/DVP2D9 7959 9-32,2*1595 .* -/392* 52*D.*!
,-/7/,-/,1/-.*2*1/39-/6/5/,D293/,1.-/52*D.*,4.QT6959,129-/D.378/19/8232,9:4.-97.**2G282-9-/
-/7/5-9*7959.378/7959.2,0/*12-.5!
@7$
87BC8-8
',#FU8-85/D/G/5T91V1+8.-/19C9-/9-32,2*159:4.7/8975/*19:4.-/*/+**/502:.*-/
9-32,2*159:4.098.5/O+2098/,1/9=L=ID2,O+/,19D/,1N*23.*7.5D/,1. 9.9,.*.G5/.098.5-.791523W,2.
8VO+2-. -. 378 G9*/ ALA -29* 2,-/7/,-/,1/ -. 5/*+819-. -/*1/ / O+/ -/0/5T 5/3+,/595 193GN3 .*
75/*19-.5/* -/ */502:.* 5/89D2.,9-.* ,. 5126. K; 98V,/9* 9 9 P -/*1/ /6+893/,1. /0/,1+983/,1/
D.,15919-.*/3,.3/-.378!
'4'# '+'# U 19C9 -/ 9-32,2*159:4. */5T D98D+89-9 / 75.02*2.,9-9 -295293/,1/ */,-. 7969
3/,*983/,1/91N.L;O+2,1. -29\128-.3S**+G*/O+/,1/9.0/,D2-.!
'4'# -)%*# ' 19C9 -/ 9-32,2*159:4. D.375//,-/ 9 19C9 -/ 9-32,2*159:4. -.* P+,-.* -/
2,0/*123/,1./3O+/.378/0/,1+983/,1/02/592,0/*125!
',#GU4.*/54.D.G59-9*19C9-/7/5P.539,D/-/*9V-9.+-/2,65/**.!
@7>
8-;-8378
',#U.,*121+254./,D956.*-.37898N3-9*5/3+,/59:B/*75/02*19*,.97V1+8.9**/6+2,1/*
-/*7/*9*O+/8Q/7.-/54.*/5-/G219-9*-25/193/,1/E
U19C9*237.*1.*.+D.,152G+2:B/*P/-/592*/*19-+92*3+,2D2792*.+9+1T5O+2D9*O+/5/D9293.+0/,Q939
5/D925*.G5/.*G/,*-25/21.*/.G5269:B/*-.378Y
U -/*7/*9* D.3 . 5/62*15. -/ -.D+3/,1.* /3 D951Z52. 2375/**4. /C7/-2:4. / 7+G82D9:4. -/ 5/891Z52.* /
2,P.539:B/*7/52Z-2D9*2,D8+*20//C1591.3/,*98Y
U-/*7/*9*D.3D.55/*7.,-S,D29-/2,1/5/**/-.3782,D8+*20/D.3+,2D9:B/*9.*D.12*19*Y
UQ.,.5T52.*/-/*7/*9*-.9+-21.52,-/7/,-/,1/Y
U/3.8+3/,1.*/D.32**B/*7969*7.5.7/59:B/*-.378Y
U Q.,.5T52.* -/ 9-0.69-.* D+*19* / -/*7/*9* 75.D/**+92* D.55/8919* 2,D.552-9* /3 59X4. -/ -/P/*9 -.*
2,1/5/**/* -. 378 /3 R+VX. .+ P.59 -/8/ 2,D8+*20/. 098.5 -9D.,-/,9:4. 237+19-9 9.378K */ P.5.
D9*.Y
'795D/89-/75/R+VX.*,4.D.G/5197.597Z82D/*-/*/6+5./,4.-/D.55/,1/-25/193/,1/-/D+879.+-.8.-.*
75/*19-.5/*-/*/502:.*-/9-32,2*159:4.,./C/5DVD2.-/*+9*5/*7/D1209*P+,:B/*Y
' -/*7/*9* 5/89D2.,9-9* -25/19 .+ 2,-25/193/,1/ 9. /C/5DVD2. -/ -25/21. -/ 0.1. -. 378 7/8.
8-8 .+ 7.5 */+* 5/75/*/,19,1/* 8/6983/,1/ D.,*121+V-.* /3 9**/3G8N29* 6/592* -9*
D.379,Q29*,9*O+92*.378-/1/,Q979512D279:4.Y
' -/*7/*9* D.3 D+*1Z-29 / 82O+2-9:4. -/ .7/59:B/* D.3 1V1+8.* / 098.5/* 3.G282T52.* 9120.* P2,9,D/25.* /
3.-982-9-/*.7/59D2.,92*Y/
' -/*7/*9* D.3 P/DQ93/,1. -/ D_3G2. 02,D+89-9* [* *+9* .7/59:B/* .+ D.3 D/512P2D9-.* .+ 5/D2G.* -/
-/7Z*21.-/098.5/*3.G282T52.*!
'4'# A% # U +159* -/*7/*9* ,4. 75/02*19* D.3. /,D956.* -. 378 D.55/54. 7.5 D.,19 -.
8-8!
@7>
8--CBC8-
',# U 9 /32**4. -9* D.19* N +1282X9-. . 098.5 -9 D.19 /3 026.5 ,. -29 -9 /P/1209 -2*7.,2G282-9-/ -.*
5/D+5*.*D.,P29-.*7/8.D.12*199.8-8/3*+9*/-/.+-/7/,-S,D29*!
'4'# '+'# ' * 098.5/* 3TC23.* / 3V,23.* 7959 9* 9782D9:B/* 7/8.* 2,0/*12-.5/* 9**23 D.3. .
Q.5T52.82321/-/3.023/,19:4.*/54.9O+/8/*-2*7.*1.*,.5.*7/D1.-.378
'4'# -)%*# U 8-8 7.-/5T 2,D8+*20/ /3 P/529-.* 3+,2D2792* / /*19-+92* ,9 */-/ -.
8-8 *+*7/,-/5 .+ 5/D+*95 9 9-32**4. -/ ,.0.* D.,-W32,.* /F.+ . 5/D/G23/,1. -/ ,.0.*
-/7Z*21.*,.1.-..+/37951//3-/P/*9-.*2,1/5/**/*-.378*/3O+/795919,1.,/D/**21/975/*/,195
O+98O+/5127.-/R+*12P2D91209/-/*-/O+/9*+*7/,*4.*/9782O+/2,-2*12,193/,1/9,.0.*2,0/*12-.5/*/D.12*19*
91+92*!
'4'#' '#'*+*7/,*4.-.5/D/G23/,1.-/,.09*9782D9:B/*/3=?+3 -29,4.237/-/95/9G/51+59
7.*1/52.5-.37879599782D9:B/*!
',#U*D.19*-.3781/54.*/+098.5D98D+89-.-295293/,1/D.,*2-/59,-.U*/*.3/,1/.*-29*\1/2*
D.3 G9*/ /3 909829:4. 791523.,298 O+/ D.,*2-/5/ . 098.5 -/ 3/5D9-. -.* 9120.* P2,9,D/25.* 2,1/659,1/* -9
D951/259-/9D.5-.D.3.D.,12-.,98/62*89:4./5/6+893/,19:4.026/,1/*!
'4'#A% #U098.5-9D.19-.-29N5/*+819,1/-9-202*4.-.098.5-.791523W,2.8VO+2-.7/8.,\3/5.-/
D.19*-.37897+59-.*9795125-.791523W,2.8VO+2-.-.-299,1/52.5-/02-93/,1/91+982X9-.7.5=?+3 -29!
',#U2,65/**.-.D.,-W32,.,.378D959D1/52X9U*/7/892,*D52:4.-.,.3/-.121+895,.5/62*15.-/
D.12*19*-.378*/,-.2,-2*7/,*T0/8*+99-/*4.9.*1/53.*-/*1//6+893/,1.!
',#U*D.19*-.378O+/D.55/*7.,-/39P59:B/*2-/92*-.3/*3.9**+3/39P.539/*D521+598/
*4.39,12-9*/3D.,19*-/-/7Z*21./3,.3/-/*/+*121+895/**/3/32**4.-/D/512P2D9-.D.,P.53/.D9*.
7.-/,-.*/55/62*159-9*,.2*1/39-/"+.19*-/+,-.*'-9!!'98D4.569,2X9-.-/120.*/
/5209120.*!
'4'#A% #'D.19-.378,4.7.-/*/5.GR/1.-/D/**4..+159,*P/5S,D29*980.7.5-/D2*4.R+-2D298
/C/D+:4.-/6959,129.+*+D/**4.+,20/5*98!
',# D U 9782D9:4. /3 D.19* -. 378 */5T /P/1+9-9 91590N* -/ -NG21. /3 D.,19 -/ 2,0/*123/,1.
159,*P/5S,D29 /8/15W,2D9 -2*7.,V0/8 ' .+ 91590N* -/ O+98O+/5 .+159 3.-982-9-/ 9-3212-9 7/89 /,12-9-/
5/6+89-.59!
@7>
8N8-;8-
',#
U959P2,*-/5/*691/9*D.19*-.3781/54.*/+098.5-295293/,1/91+982X9-.D.,19-.-9-919-9
/32**4.-9*D.19*!
'4'#A% #U*098.5/*3TC23.*/3V,23.*79595/*691/*9**23D.3..Q.5T52.82321/-/3.023/,19:4.
*/54.9O+/8/*-2*7.*1.*,.5.*7/D1.-.378
',#E5/*691/-/D.19*,4.*/*+R/2199759X.-/D95S,D29/*/5T/P/1209-.,.75Z752.-29-9*.82D219:4.
7/8.D.,-W32,.-/0/,-.*/5+1282X9-.,.5/*691/.098.5-9D.19/3026.5,.75Z752.-29-9*.82D219:4.!
'4'#'+'#"+9,-.9*.82D219:4.D.,0/5*4..+82O+2-9:4.-/5/*691/D.2,D2-25D.3P/529-./*19-+98
/F.+3+,2D2798.,-//*120/5*/-29-..8-89*3/*39*7.-/54.*/5/P/1209-9*,.?;7523/25. -29\128*+G*/Oc/,1/!
'4'#-)%*#"+9,-.9-919-991+982X9:4.-.098.5-9D.19.D.55/5/3-29,4.\128.5/*691/-/0/*/5
/P/1209-.7/8.098.5/3026.5,.?;7523/25. -29\128*+G*/Oc/,1/!
'4'# ' '# U . D9*. -. 378 5/982X95 9782D9:B/* /3 P+,-.* -/ 2,0/*123/,1. D+R9 82O+2-9:4.
P2,9,D/259-.5/*691/,4.D.2,D2-9D.3.-2*7.*1.,.…ƒ’—–-/*1/5126./*7/D2P2D93/,1/,.O+/*/5/P/5/9
/*19* 9782D9:B/* . 79693/,1. -. 5/*691/ .G/-/D/5T 9 D95S,D29 -/1/532,9-9 ,. 5/6+893/,1. -. P+,-. -/
2,0/*123/,1.9782D9-.!
'4'# H)',#U*/0/,1+92*9R+*1/*-/D.55/,1/*-9*9782D9:B/*/5/*691/*.D.552-9*-+59,1/.-29*/54.
89,:9-.*D.,159 . 791523W,2. 8VO+2-.-.378 7.-/,-. 9D955/195 2379D1.* /3 0251+-/ -97.**2G282-9-/ -/
7/5-9*-/D.55/,1/*-90.891282-9-/-.*75/:.*-.*9120.*O+/2,1/65939*+9D951/259!
',# F'3 D9*.*/CD/7D2.,92* -/ 282O+2-/X-.* 9120.* D.37.,/,1/* -9 D951/259 -.378 2,D8+*20/ /3
-/D.55S,D29-/7/-2-.*-/5/*691/*2,D.3791V0/2*D.3982O+2-/X/C2*1/,1/.+O+/7.**9323782D95981/59:4.
-. 159193/,1. 152G+1T52. -. 378 .+ -. D.,R+,1. -/ D.12*19* /3 75/R+VX. -/*1/* \8123.* .
8-87.-/5T-/D89595.P/DQ93/,1.-.378795995/982X9:4.-/5/*691/**/,-..G52691Z5299
D.,0.D9:4. -/ **/3G8N29 /598 C159.5-2,T529 -/,15. -.* 759X.* 5/6+893/,195/* 7959 9 -/82G/59:4. -9*
*/6+2,1/*7.**2G282-9-/*E
'*+G*121+2:4.-.8-8-.6/*1.5.+-/93G.*Y
'5/9G/51+59.+39,+1/,:4.-.P/DQ93/,1.-.37879595/*691/Y
'7.**2G282-9-/-.79693/,1.-/5/*691//31V1+8.*/098.5/*3.G282T52.*Y
'D2*4.-.378Y/
'82O+2-9:4.-.378!
',#G 9Q27Z1/*/-//3-/D.55S,D29-/*.82D219:4.-/5/*691/-/D.19*/C2*125*98-.5/39,/*D/,1/,9
5/*7/D1209D.,19-/-/7Z*21.*98-./*1/O+/*/R92,P/52.59.098.53V,23./*19G/8/D2-.7/8.8-8
P2D9 9+1.52X9-. . 8-8 9 75.D/-/5 9. 5/*691/ 9+1.3T12D. -9 1.1982-9-/ -9* D.19* -9 98+-2-9
D.,19!
',# U 5/*691/ -/ D.19* -. 378 */5T /P/1+9-. 91590N* -/ D5N-21. /3 D.,19 -/ 2,0/*123/,1.
159,*P/5S,D29 /8/15W,2D9 -2*7.,V0/8 ' .+ 91590N* -/ O+98O+/5 .+159 3.-982-9-/ 9-3212-9 7/89 /,12-9-/
5/6+89-.59!
@7>
@8>@888$
',# ' ;- 9-.19 .8V12D9 -/ C/5DVD2. -/ 25/21. -/ .1. /3 **/3G8N29* O+/ -2*D2782,9 .*
752,DV72.*6/592*.75.D/**.-/D2*Z52./O+92**4.9*391N529*5/8/09,1/*.G52691Z529*7959./C/5DVD2.-.-25/21.
-/0.1.!/P/52-9.8V12D9.52/,199*-/D2*B/*-9;-/3**/3G8N29*-/-/1/,1.5/*-/1V1+8.*/098.5/*
3.G282T52.* O+/D.,P2593 9. 378.-25/21. -/ 0.1.! +9 0/5*4. 2,1/65987.-/*/59D/**9-9 91590N* -. *21/
kkk!G,77952G9*!D.3!G5!
'4'# /% # .8V12D9 -/ C/5DVD2. -. 25/21. -/ .1. 9-.19-9 7/89 ;- 02*9 91/,-/5
/CD8+*2093/,1/.*2,1/5/**/*-.*D.12*19*-.*P+,-.*8/09,-./3D.,199*3/8Q.5/*75T12D9*-/6.0/5,9,:9!
;- 7.-/ 9G*1/5U*/ -. /C/5DVD2. -/ 0.1. .G/-/D/,-. 9* /CD/:B/* 75/02*19* ,. Z-26. ,G239 -/
/6+89:4.//8Q.5/*5T12D9*7959.*+,-.*-/,0/*123/,1./,9*+9.8V12D9-/C/5DVD2.-/.1.!
@7>
88$7;BC83BO-8-78-
',#U8-8-.378/*1T.G5269-.9E
'-20+8695-295293/,1/.098.5-9D.19/-.791523W,2.8VO+2-.-.378Y
' 5/3/1/5 3/,*983/,1/ 9.* D.12*19* /C1591. -9 D.,19 *980. */ . D.12*19 /C75/**93/,1/ .7195 7/8. ,4.
5/D/G23/,1.Y/
'-2*7.,2G282X95-/P.539/O+_,23//,15/1.-.*.*D.12*19*9*2,P.539:B/*-.3782,D8+*20/9*5/891209*
[D.37.*2:4.-9D951/2593/,*983/,1///391N?=-/X -29*97Z*./,D/5593/,1.-.3S*9O+/*/5/P/525!
'4'#'+'#'9*..3787.**+97.*2:B/*.+.7/59:B/*/3D+5*.O+/7.**930259*/575/R+-2D9-9*
7/89-20+869:4.75/02*19,.,D2*.9D239/,.95T659P./5D/25.9G92C..-/3.,*159120.-9D.37.*2:4.-9
D951/259 7.-/5T .32125 9 2-/,12P2D9:4. / O+9,12-9-/ -9* 3/*39* 5/62*159,-. *.3/,1/ . 098.5 / *+9
7/5D/,196/3*.G5/.1.198-9D951/259!
'4'#-)%*#'*.7/59:B/*.3212-9*D.3G9*/,.795T659P.9,1/52.5-/0/54.*/5-20+869-9*,9P.539
-.,D2*.-.D97+1,.759X.3TC23.-/>=,.0/,19 -29*97Z*./,D/5593/,1.-.3S*7.-/,-./**/759X.
*/575.55.69-.+39\,2D90/X91N.759X.3TC23.-/?@=D/,1./.21/,19 -29*!
'4'# ' '# ' * 2,P.539:B/* 5/89D2.,9-9* 9.* 9120.* / [ D.37.*2:4. -9 D951/259 -. 378 G/3
D.3. /0/,1+92* .+159* 2,P.539:B/* 7.-/54. */5 -2*7.,2G282X9-9* 9.* .12*19* /F.+ -/392* 2,1/5/**9-.* O+/
9**23.*.82D21950293/2./8/15W,2D.P9D*V328/.+D.55/*7.,-S,D29/*19,-..5/P/52-../,02.1.-9029*+R/21.
99,T82*/-/D.,0/,2S,D29/029G282-9-/7.57951/-.8-8!
'4'#H)',#'9597.1/,D292*D.12*19*/-/392*2,1/5/**9-.*7.-/54.*/575/*19-9*2,P.539:B/*5/891209*
9. 378 -/*-/ O+/ -2*7.,2G282X9-9* 9.* D.12*19* -/ P.539 /O+_,23/ 3/-29,1/ *.82D219:4. ,9 */-/ -.
8-8!
'4'# H)%,# ' */502:. -/ 91/,-23/,1. /*1T [ -2*7.*2:4. -.* D.12*19* 7959 5/D/G/5 / /,D932,Q95
O+/*1B/*5/89D2.,9-9*9.3787/8.**/6+2,1/*3/2.*E
#%?? H=<>UA@A=Y
35?? H=<>UA@K=Y
+3/*9-/91/,-23/,1.`G5!G,77952G9*!D.3
%*'!#6' #''6#%*<% 0/,2-95/*2-/,1/$+*D/82,.j+G21*DQ/aL?='??;9,-95
E=<L<HU>=K4.9+8.'
',#'8-8N.G5269-.9-20+869523/-29193/,1/91590N*-/D.55/*7.,-S,D2991.-.*.*
D.12*19*/-/D.3+,2D9-.91590N*-.2*1/39-/,02.-/.D+3/,1.*-2*7.,V0/8,97T62,9-9O+98O+/5
91..+P91.5/8/09,1/.D.552-..+5/89D2.,9-.9.P+,D2.,93/,1.-.378.+9.*9120.*2,1/659,1/*-/*+9
D951/259!
'4'#/% #U.,*2-/59U*/5/8/09,1/O+98O+/591..+P91.O+/7.**92,P8+25-/3.-.7.,-/5T0/8,.098.5
-9*D.19*.+,9-/D2*4.-.*2,0/*12-.5/*-/9-O+2525982/,95.+39,1/5192*D.19*!
@7>$
8--L;
',#'.37/1/7520912093/,1/[9**/3G8N296/598-/82G/595*.G5/E
'9*-/3.,*159:B/*D.,1TG/2*975/*/,19-9*7/8.8-8Y
'9*+G*121+2:4.-.8-8-.6/*1.5.+-.D+*1.-29,1/-.378Y
'9P+*4.92,D.57.59:4.9D2*4.9159,*P.539:4..+982O+2-9:4.-.378Y
'.9+3/,1.-919C9-/9-32,2*159:4.Y
'9981/59:4.-97.8V12D9-/2,0/*123/,1.*-.378Y/
'9981/59:4.-./6+893/,1.!
',#D'D.,0.D9:4.-99**/3G8N296/598-/0/*/5P/2197.5D.55/*7.,-S,D29/,D932,Q9-99D9-9D.12*19
D.3,.3V,23.?=-/X -29*-/9,1/D/-S,D29-9-919-/*+95/982X9:4.!
'4'#'+'#'D.55/*7.,-S,D29-/D.,0.D9:4.-/0/D.,1/5.G52691Z5293/,1/-29Q.59/8.D98/3O+/
*/5T5/982X9-999**/3G8N296/598G/3D.3..8.D98.,-/.D.12*197.-//C932,95.*-.D+3/,1.*7/512,/,1/*[
75.7.*199*/5*+G3/12-9[975/D29:4.-99**/3G8N29!
'4'# -)%*# ' 75/*/,:9 -9 1.1982-9-/ -.* D.12*19* *+75/ 9 P9819 -/ D.,0.D9:4. / 9 2,*1989:4. -9
9**/3G8N297.-/5T.D.55/5D.3975/*/,:9-/O+98O+/5,\3/5.-/D.12*19*!
'4'#' '#'8-86/*1.5D+*1.-29,1/D.12*19.+65+7.-/D.12*19*O+/-/1/,Q93,.
3V,23.LID2,D.7.5D/,1. -.1.198-/D.19*/3212-9*7.-/54.D.,0.D959O+98O+/51/37.9**/3G8N296/598
7959-/82G/595*.G5/.5-/3-.-29-/2,1/5/**/-.378.+-.*D.12*19*!
',# ' * -/82G/59:B/* -9 9**/3G8N296/598*/54. 1.39-9* 7.5 392.529 -/0.1.*D9G/,-. 9 D9-9D.19?
+3 0.1.!
'4'#'+'#'.3/,1/7.-/30.195,99**/3G8N296/598.*D.12*19*-.3782,*D521.*,.5/62*15.-/
D.12*19* ,9 -919 -9 D.,0.D9:4. -9 9**/3G8N29 */+* 5/75/*/,19,1/* 8/692* .+ 75.D+59-.5/* 8/6983/,1/
D.,*121+V-.*QT3/,.*-/?+3 9,.!
'4'# -)%*# ' * -/82G/59:B/* -9 9**/3G8N29 7.-/54. */5 1.39-9* 3/-29,1/ 75.D/**. -/ D.,*+819
P.53989.*D.12*19*-.378-2*7/,*9,-.U*/,/*1/D9*.9,/D/**2-9-/-/5/+,24.-.D.12*19*!
'4'#' '#'*D.12*19*193GN37.-/54.0.1957.53/2.-/D.3+,2D9:4./*D5219.+/8/15W,2D9-/*-/
O+/5/D/G2-97/8.8-89,1/*-.2,VD2.-99**/3G8N29!
',#E'8-8-/0/5T/,D932,Q959D9-9+3-.*D.12*19*-.3785/*+3.-9*-/D2*B/*
-99**/3G8N296/598,.759X.-/H=152,19 -29*97Z*9-919-/*+95/982X9:4.7.-/,-.*/5+1282X9-.D.3P.539
./C1591.-/D.,19!
'4'#A% #'9*.99**/3G8N296/598*/R95/982X9-9,.*\8123.*?=-/X -29*-.3S*9D.3+,2D9:4.-/
O+/15919.…ƒ’—–7.-/5T*/5/P/1+9-9,./C1591.-/D.,195/89120.9.3S**/6+2,1/!
@7>$
8-8-BO-3-
',#FU3781/5T/*D521+59:4.D.,1TG28-/*19D9-9-95/8912099.8-8!
',# G U /C/5DVD2. *.D298 -. 378 1/3 -+59:4. -/ ?A -.X/ 3/*/* D.3 2,2D2. /3 =? -/ R9,/25. /
1N532,./3H?-/-/X/3G5.-/D9-99,.!
',# ' * -/3.,*159:B/* D.,1TG/2* -/0/3 */5 D.8.D9-9* [ -2*7.*2:4. -/ O+98O+/5 2,1/5/**9-. O+/ 9*
*.82D21959.8-8,.759X.3TC23.-/>=,.0/,19 -29*97Z*./,D/5593/,1.-.7/5V.-.!
'4'#A% #U*-/3.,*159:B/*P2,9,D/259*9,+92*-.378*/54.9+-219-9*7.59+-21.52,-/7/,-/,1/
5/62*159-.,9!
@7>$
87BC
',# D ' 152G+19:4. 9782DT0/8 9.* D.12*19* -. 378 / 9. 378 */5T 9O+/89 -/P2,2-9 7/89 8/62*89:4.
152G+1T529G59*28/259!9-919-/7+G82D9:4.-/*1//6+893/,1.9*152G+19:B/*9782DT0/2**4.E
U 37.*1. *.G5/ 7/59:B/* 2,9,D/259* ' E ,D2-25T *.G5/ . 098.5 -. 5/*691/ -9 9782D9:4. D.3 98VO+.19*
-/D5/*D/,1/* */,-. 9 152G+19:4. 823219-9 9. 5/,-23/,1. 97+59-. -/*-/ . ?; 7523/25. 91N . A>; 026N*23.
,.,. -299795125-9-919-99782D9:4.!
U 37.*1. -/ /,-9 ' ,D2-/ *.G5/ . 5/,-23/,1. -9 9782D9:4. -/*D.,19-. . D.3 98VO+.19* O+/ 04. -/
AALI 02,1/ / -.2* 2,1/25.* / D2,D. -ND23.* 7.5 D/,1. 9 ?LI O+2,X/ 7.5 D/,1. /3 P+,:4. -. 759X. -/
7/539,S,D29-99782D9:4./-.759X.3N-2.-9D951/259-.378!
'4'#'+'#U9*..759X.3N-2.-9D951/259-/1V1+8.*-.378-/P2,2-.-/9D.5-.D.398/62*89:4.
9782DT0/8*/R92,P/52.5[HKL15/X/,1.*/*/**/,19/D2,D.-29* 9*98VO+.19*9782DT0/2**4.E
'AALI02,1//-.2*2,1/25.*/D2,D.-ND23.*7.5D/,1. /39782D9:B/*D.3759X.-/91N?@=D/,1./.21/,19 -29*Y
'A=I02,1/7.5D/,1. /39782D9:B/*D.3759X.9D239-/?@?D/,1./.21/,19/+3 -29*!
,-/7/,-/,1/3/,1/-/5/*691/*-/D.19*2,D2-25T*.G5/.*5/,-23/,1.*,.\8123.-29-.*3/*/*-/392./
,.0/3G5. -/ D9-9 9,. [ 98VO+.19 -/ A=I 02,1/ 7.5 D/,1. ! .5 .D9*24. -.* 5/*691/* -/ D.19* */5T 9782D9-9
98VO+.19D.378/3/,195-/9D.5-.D.3.75/02*1.,.*21/,*/9D239!
'4'#-)%*#U9*..759X.3N-2.-9D951/259-/1V1+8.*-.378-/P2,2-.-/9D.5-.D.398/62*89:4.
9782DT0/8*/R9*+7/52.5[HKL15/X/,1.*/*/**/,19/D2,D.-29* 9*98VO+.19*9782DT0/2**4.E
'AALI02,1//-.2*2,1/25.*/D2,D.-ND23.*7.5D/,1. /39782D9:B/*D.3759X.-/91N?@=D/,1./.21/,19 -29*Y
' A=I 02,1/ 7.5 D/,1. /3 9782D9:B/* D.3 759X. -/ ?@? D/,1. / .21/,19 / +3 -29* 91N HK= 15/X/,1.* /
*/**/,19 -29*Y
'?hLI-/X/**/1/2,1/25.*/D2,D.-ND23.*7.5D/,1. /39782D9:B/*D.3759X.-/HK?15/X/,1.*/*/**/,19
/+3-29* 91NhA=*/1/D/,1.*/02,1/ -29*Y
'?LIO+2,X/7.5D/,1. /39782D9:B/*D.3759X.9D239-/hA=*/1/D/,1.*/02,1/ -29*!
,-/7/,-/,1/3/,1/-/5/*691/*-/D.19*2,D2-25T*.G5/.*5/,-23/,1.*,.\8123.-29-.*3/*/*-/392./
,.0/3G5.-/D9-99,.[98VO+.19-/?LIO+2,X/7.5D/,1. !.5.D9*24.-.*5/*691/*-/D.19**/5T9782D9-9
98VO+.19D.378/3/,195-/9D.5-.D.3.75/02*1.,.*21/,*99D239!
',#D'8-8G+*D95T/3D.,R+,1.D.3.*.GR/120.*-/2,0/*123/,1.-.37839,1/5.
759X.3N-2.-9D951/2599-/O+9-.9.95T659P./6+,-.-.5126.<=!4..G*19,1//3P+,:4.-/D.,-2:B/*
-/3/5D9-./G9*/9-.,9*+9909829:4.-9D.,R+,1+59.8-87.-/5T5/-+X25.759X.3N-2.-9
D951/259 D.3. /*1591N629 -/ 5/-+:4. -/ 52*D. -9 D951/259 -. 378! /*1/ D9*. 9 152G+19:9. -. 378
7.-/5T*/5975/02*19,.95T659P.523/25.-.5126.<=!
',# D ' .-/ Q90/5 159193/,1. 152G+1T52. -2P/5/,1/ -/ 9D.5-. D.3 9 ,91+5/X9 R+5V-2D9 -. D.12*19 .+ -/
9D.5-.D.39,91+5/X9-9.7/59:4.D.,15919-97/8.378!D.12*19O+/-/9D.5-.D.398/62*89:4.P2*D98/
152G+1T529,4./*120/5*+R/21.[152G+19:4.-.37.*1.-//,-9/-.7.53.120.-/2*/,:4.152G+19:4.7/89
98VO+.19X/5.23+,2-9-//.+15.*-/0/5T975/*/,1959.8-8-.D+3/,19:4.D.375.G91Z529-9
*+9*21+9:4.152G+1T529D.,P.53/9*-/1/532,9:B/*-98/62*89:4.!
@7>$
8@88-7BC8-78-
',# D U 378 2,D.57.595T -202-/,-.* R+5.* *.G5/D972198 75Z752..+ .+15.* 5/,-23/,1.* 7.50/,1+59
9-02,-.*-/9120.*/F.+.7/59:B/*O+/2,1/65/39D951/259-.3789.*/+791523W,2.8VO+2-.!
@7>$
8-8--BO-;-
',# DD U 8-8 / O+98O+/5 /375/*9 7/51/,D/,1/ 9. 3/*3. 65+7. /D.,W32D. -.
8-8G/3D.3.*/+*-25/1.5/*6/5/,1/*/P+,D2.,T52.*7.-/54.1/57.*2:B/*/3.+*+G*D5/0/5
.+.7/595D.3+3.+392*1V1+8.*/098.5/*3.G282T52.*D.3.*O+92*.378.7/5/.+0/,Q9.7/595!
',#D
U3785/982X95T9*.7/59:B/*91590N*-/2,*121+2:B/*9+1.52X9-9*9.7/595,.3/5D9-.-/1V1+8.*
/ 098.5/* 3.G282T52.* 8269-9* .+ ,4. 9 /375/*9* O+/ 7/51/,D/3 9. 3/*3. 65+7. /D.,W32D. -.
8-87.-/,-.9-O+25252,D8+*20/1V1+8.*/3,.0.*89,:93/,1.*5/62*159-.*7959.P/5197\G82D9
.+75209-9O+/*/R93D..5-/,9-.*82G/59-.*.+-/O+/79512D27/39*5/P/52-9*/375/*9*!
',#DE'3D9*.-/3.51/2,D979D2-9-/.+/C12,:4.-/D.12*19-.378.5/75/*/,19,1/-./*7Z82.-.
2,D979X.+-.*+D/**.5/C/5D/5T.*-25/21.*/D+37525T9*.G5269:B/*7/59,1/.8-8O+/D9G293
9.†‡…—Œ—•.+9.2,D979X.G*/509-9*9*75/*D52:B/*8/692*!
',#DFU2D9/8/21..P.5.-92-9-/-/4.9+8.*19-.-/4.9+8.D.35/,\,D29/C75/**99O+98O+/5
.+15.7.5392*752028/629-.O+/*/R97959-252325O+92*O+/5-\02-9*.+D.,15.0N5*29*5/891209*9.378G/3
D.3.O+/*1B/*-/D.55/,1/*-/*1//6+893/,1.!
4.9+8.=?-/R+,Q.-/A=?A!
88-C8;7-8
-33788$-83>
3?
* 7/**.9* 9. P2,98 2-/,12P2D9-9* -.5909,1/ -/,.32,9-9* *2378/*3/,1/ % 7/8. 75/*/,1/
2,*15+3/,1. -/D2-/3 2,65/**95 D.3. D.12*19* -. P+,-. -/ 2,0/*123/,1. 9D239 2-/,12P2D9-. -.5909,1/
-/,.32,9-. *2378/*3/,1/ % 7/8. O+/ P25393 . 75/*/,1/ /53. -/ -/*4. / /D/G23/,1. -/
/6+893/,1. / 5.*7/D1. -/D8959,-. /C75/**93/,1/ D.,Q/D/5/3 9* ,.539* D.,12-9* ,9 8/62*89:4.
7/512,/,1/ G/3 D.3. ,. /6+893/,1. -. 9-/52,-. P.53983/,1/ [* *+9* -2*7.*2:B/* 91590N* -.
75/*/,1/91.!
.5.7.51+,..* -/D89593 E
9 1/5/3 5/D/G2-. 82-. 91/,193/,1/ 1.39-. D.,Q/D23/,1. -. *26,2P2D9-. -.* 1/53.* 1ND,2D.*
D.,*19,1/*-./6+893/,1./5.*7/D1./*19,-.D2/,1/-97.8V12D9-/2,0/*123/,1./-.659+-/52*D.
/,0.802-.,9*.7/59:B/*5/982X9-9*7/8.
Y
G 1/5/3 *2-.*9,9-9**+9*/0/,1+92*-\02-9*Y
D D.,*/O+/,1/3/,1/ O+/ D.375//,-/+-/593 / 9D/21.+19593 . /6+893/,1. / 5.*7/D1. -.
!
.5 192* 3.120.* / /3 91/,-23/,1. [* -/1/532,9:B/* -9 .32**4. -/ 98.5/* .G282T52.* .* P25393 .75/*/,1/1/53.193GN3-/D89593 U*/D2/,1/* -/O+/E
- 9*9782D9:B/*5/982X9-9*,.
,4.D.,193D.36959,129-92,*121+2:4.9-32,2*159-.59-.6/*1.5
-.+,-.959,12-.5-/5N-21.*'.+O+98O+/53/D9,2*3.-/*/6+5.Y
/ 95/,19G282-9-/.G12-9,.79**9-.,4.5/75/*/,196959,129-/5/*+819-.*P+1+5.*Y
P 7.-/5T.D.55/597/5-9-.D9721982,0/*12-./3-/D.55S,D29-97.8V12D9-/2,0/*123/,1.*9-.19-97/8.
6/*1.5!
mmmmmmmmmmm!-/mmmmmmmmm!-/mmmm!
21+895 E
9X4..D298F.3/E
$FE
.U21+895 E
9X4..D298F.3/E
$FE
Download

REGULAMENTO DO BNP PARIBAS RF FUNDO DE