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/F3 8.00 Tf ET q 0 0 0 rg BT 443.60 648.98 Td (September 30,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 508.75 648.98 Td (December 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 460.00 635.98 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 524.00 635.98 Td (2012) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 448.65 622.98 Td (\(unaudited\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 609.48 Td (Assets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 595.32 Td (Cash and cash equivalents \($5.2million and $7.1million restricted from use at September 30,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.00 585.32 Td (2013 and December 31, 2012, respectively\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 247.50 585.32 Td (...........................................................................) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 441.00 584.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.15 584.42 Td (30,344) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 505.00 584.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 584.42 Td (50,324) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 570.32 Td (Advisory fees receivable, net of allowance for doubtful accounts of $0.0 million at September) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.00 560.32 Td (30, 2013 and December31, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 205.00 560.32 Td (............................................................................................) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.15 559.42 Td (64,645) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 559.42 Td (54,444) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 545.32 Td (Other receivables) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 125.00 545.32 Td (............................................................................................................................) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 472.15 544.42 Td (4,341) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 544.42 Td (1,554) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 530.32 Td (Property and equipment, net of accumulated depreciation of $56.2million and $54.8million at) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.00 520.32 Td (September 30, 2013 and December31, 2012, respectively) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 305.00 520.32 Td (....................................................) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.15 519.42 Td (11,893) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 519.42 Td (14,404) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 505.32 Td (Other investments) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 127.50 505.32 Td (...........................................................................................................................) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.15 504.42 Td (11,012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 504.42 Td (34,215) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 490.32 Td (Investments in merchant banking funds) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 212.50 490.32 Td (.........................................................................................) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.15 489.42 Td (11,285) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 489.42 Td (16,772) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 475.32 Td (Goodwill) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 92.50 475.32 Td (.........................................................................................................................................) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.15 474.42 Td (149,112) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 474.42 Td (164,890) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 460.32 Td (Deferred tax asset, net) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 142.50 460.32 Td (.....................................................................................................................) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.15 459.42 Td (47,062) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 459.42 Td (47,512) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 445.32 Td (Other assets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 102.50 445.32 Td (.....................................................................................................................................) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 472.15 444.42 Td (2,982) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 444.42 Td (2,855) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.00 430.32 Td (Total assets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 117.50 430.32 Td (...............................................................................................................................) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 441.00 429.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.15 429.42 Td (332,676) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 505.00 429.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 429.42 Td (386,970) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 415.48 Td (Liabilities and Equity) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 401.32 Td (Compensation payable) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 145.00 401.32 Td (....................................................................................................................) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 441.00 400.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 472.15 400.42 Td (4,600) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 505.00 400.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 400.42 Td (21,419) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 386.32 Td (Accounts payable and accrued expenses) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 215.00 386.32 Td (........................................................................................) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 472.15 385.42 Td (9,450) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 385.42 Td (7,872) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 371.32 Td (Bank loan payable) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 127.50 371.32 Td (...........................................................................................................................) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.15 370.42 Td (36,350) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 370.42 Td (29,125) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 356.32 Td (Current income taxes payable) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 172.50 356.32 Td (.........................................................................................................) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.15 355.42 Td (11,921) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 355.42 Td (15,797) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 341.32 Td (Deferred tax liability) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.50 341.32 Td (.......................................................................................................................) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 472.15 340.42 Td (2,368) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 340.42 Td (9,245) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.00 326.32 Td (Total liabilities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 132.50 326.32 Td (.........................................................................................................................) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.15 325.42 Td (64,689) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 325.42 Td (83,458) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 311.32 Td (Common stock, par value $0.01 per share; 100,000,000shares authorized, 37,840,092 and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.00 301.32 Td (36,513,507 shares issued as of September 30, 2013 and December31, 2012, respectively;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.00 291.32 Td (27,747,240 and 27,488,828 shares outstanding as of September 30, 2013 and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.00 281.32 Td (December31, 2012, respectively) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 205.00 281.32 Td (............................................................................................) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 479.65 280.42 Td (378) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 280.42 Td (365) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 266.32 Td (Contingent convertible preferred stock, par value $0.01 per share; 10,000,000shares) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.00 256.32 Td (authorized and 1,099,877shares issued as of September 30, 2013 and December31, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.00 246.32 Td (and 439,951 and 1,099,877 shares outstanding as of September 30, 2013 and December) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.00 236.37 Td (31, 2012, respectively) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 160.00 236.37 Td (..............................................................................................................) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.15 238.42 Td (14,446) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 238.42 Td (46,950) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 224.32 Td (Restricted stock units) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 140.00 224.32 Td (......................................................................................................................) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.15 223.42 Td (106,565) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 223.42 Td (107,253) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 209.32 Td (Additional paid-in capital) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 157.50 209.32 Td (...............................................................................................................) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.15 208.42 Td (532,503) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 208.42 Td (458,642) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 194.32 Td (Exchangeable shares of subsidiary; 257,156shares issued as of September 30, 2013 and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.00 184.32 Td (December31, 2012, respectively; 32,804 shares outstanding as of September 30, 2013 and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.00 174.32 Td (December31, 2012, respectively) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 205.00 174.32 Td (............................................................................................) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 472.15 175.42 Td (1,958) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 175.42 Td (1,958) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 161.32 Td (Retained earnings) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 125.00 161.32 Td (............................................................................................................................) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.15 160.42 Td (150,231) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 160.42 Td (159,918) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 146.32 Td (Accumulated other comprehensive income \(loss\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 250.00 146.32 Td (..........................................................................) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 468.80 145.47 Td (\(4,789) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 494.65 145.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 145.42 Td (6,624) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 131.32 Td (Treasury stock, at cost, par value $0.01 per share; 10,092,852 and 9,024,679 shares as of) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.00 121.32 Td (September 30, 2013 and December31, 2012 respectively) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 302.50 121.32 Td (.....................................................) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 458.80 122.47 Td (\(534,347) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 494.65 122.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 522.80 122.47 Td (\(479,551) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.65 122.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 108.32 Td (Stockholders equity) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.50 108.32 Td (.......................................................................................................................) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.15 107.42 Td (266,945) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 107.42 Td (302,159) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 93.32 Td (Noncontrolling interests) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 150.00 93.32 Td (..................................................................................................................) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 472.15 92.42 Td (1,042) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 92.42 Td (1,353) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.00 78.32 Td (Total equity) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 120.00 78.32 Td (..............................................................................................................................) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.15 77.42 Td (267,987) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 77.42 Td (303,512) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.00 63.32 Td (Total liabilities and equity) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 177.50 63.32 Td (.......................................................................................................) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 441.00 62.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.15 62.42 Td (332,676) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 505.00 62.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 62.42 Td (386,970) Tj ET Q BT /F2 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 135.30 46.25 Td (See accompanying notes to condensed consolidated financial statements \(unaudited\).) 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380.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 378.95000000000005 m 369 378.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373 380.95000000000005 m 433 380.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373 378.95000000000005 m 433 378.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437 380.95000000000005 m 497 380.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437 378.95000000000005 m 497 378.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501 380.95000000000005 m 561 380.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501 378.95000000000005 m 561 378.95000000000005 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 319.70 688.18 Td (For the Three Months Ended,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 346.10 680.18 Td (September 30,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 449.75 688.18 Td (For the Nine Months Ended,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 474.10 680.18 Td (September 30,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 330.50 667.18 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 394.50 667.18 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 458.50 667.18 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 522.50 667.18 Td (2012) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.50 653.68 Td (Revenues) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 639.52 Td (Advisory revenues) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 128.00 639.52 Td (.......................................................................) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 311.50 638.62 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 337.65 638.62 Td (46,983) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 375.50 638.62 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 401.65 638.62 Td (72,757) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 439.50 638.62 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 460.65 638.62 Td (211,496) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 503.50 638.62 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 524.65 638.62 Td (191,160) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 624.52 Td (Investment revenues) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 135.50 624.52 Td (....................................................................) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 339.30 623.67 Td (\(2,440) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 365.15 623.62 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.30 623.67 Td (\(10,010) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 429.15 623.62 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 474.80 623.67 Td (\(672) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 493.15 623.62 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 534.65 623.62 Td (1,594) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.50 609.52 Td (Total revenues) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 130.50 609.52 Td (......................................................................) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 337.65 608.62 Td (44,543) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 401.65 608.62 Td (62,747) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 460.65 608.62 Td (210,824) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 524.65 608.62 Td (192,754) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.50 594.68 Td (Expenses) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 580.52 Td (Employee compensation and benefits) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 203.00 580.52 Td (.........................................) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 337.65 579.62 Td (27,073) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 401.65 579.62 Td (33,290) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 460.65 579.62 Td (115,202) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 524.65 579.62 Td (102,932) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 565.52 Td (Occupancy and equipment rental) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 185.50 565.52 Td (................................................) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 342.65 564.62 Td (4,672) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 406.65 564.62 Td (4,627) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 465.65 564.62 Td (13,322) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 529.65 564.62 Td (13,370) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 550.52 Td (Depreciation and amortization) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 175.50 550.52 Td (....................................................) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 350.15 549.62 Td (861) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 406.65 549.62 Td (1,775) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 470.65 549.62 Td (3,612) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 534.65 549.62 Td (5,463) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 535.52 Td (Information services) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 135.50 535.52 Td (....................................................................) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 342.65 534.62 Td (2,042) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 406.65 534.62 Td (2,103) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 470.65 534.62 Td (6,020) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 534.65 534.62 Td (6,192) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 520.52 Td (Professional fees) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 123.00 520.52 Td (.........................................................................) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 342.65 519.62 Td (1,297) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 406.65 519.62 Td (1,304) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 470.65 519.62 Td (4,050) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 534.65 519.62 Td (4,038) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 505.52 Td (Travel related expenses) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 148.00 505.52 Td (...............................................................) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 342.65 504.62 Td (2,879) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 406.65 504.62 Td (2,270) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 470.65 504.62 Td (9,360) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 534.65 504.62 Td (8,359) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 490.52 Td (Interest expense) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 118.00 490.52 Td (...........................................................................) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 350.15 489.62 Td (241) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 414.15 489.62 Td (242) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 478.15 489.62 Td (769) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 542.15 489.62 Td (750) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 475.52 Td (Other operating expenses) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 155.50 475.52 Td (............................................................) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 342.65 474.62 Td (2,529) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 406.65 474.62 Td (3,158) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 470.65 474.62 Td (8,453) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 534.65 474.62 Td (9,337) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.50 460.52 Td (Total expenses) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 130.50 460.52 Td (......................................................................) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 337.65 459.62 Td (41,594) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 401.65 459.62 Td (48,769) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 460.65 459.62 Td (160,788) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 524.65 459.62 Td (150,441) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.50 445.52 Td (Income before taxes) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 153.00 445.52 Td (.............................................................) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 342.65 444.62 Td (2,949) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 401.65 444.62 Td (13,978) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 465.65 444.62 Td (50,036) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 529.65 444.62 Td (42,313) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 430.52 Td (Provision for taxes) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 130.50 430.52 Td (......................................................................) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 342.65 429.62 Td (1,152) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 406.65 429.62 Td (5,389) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 465.65 429.62 Td (19,134) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 529.65 429.62 Td (15,348) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.50 415.52 Td (Consolidated net income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 170.50 415.52 Td (......................................................) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 342.65 414.62 Td (1,797) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 406.65 414.62 Td (8,589) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 465.65 414.62 Td (30,902) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 529.65 414.62 Td (26,965) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 400.52 Td (Less: Net income allocated to noncontrolling interests) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 270.50 400.52 Td (..............) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 355.15 399.62 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 419.15 399.62 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 483.15 399.62 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 547.15 399.62 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.50 385.52 Td (Net income allocated to common stockholders) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 258.00 385.52 Td (...................) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 311.50 384.62 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 342.65 384.62 Td (1,797) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 375.50 384.62 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 406.65 384.62 Td (8,589) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 439.50 384.62 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 465.65 384.62 Td (30,902) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 503.50 384.62 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 529.65 384.62 Td (26,965) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.50 370.68 Td (Average shares outstanding:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.50 356.52 Td (Basic) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 93.00 356.52 Td (.....................................................................................) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 320.10 355.62 Td (29,792,997) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 384.10 355.62 Td (30,252,342) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 448.10 355.62 Td (30,094,986) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 512.10 355.62 Td (30,611,270) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.50 341.52 Td (Diluted) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 100.50 341.52 Td (..................................................................................) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 320.10 340.62 Td (29,805,553) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 384.10 340.62 Td (30,260,808) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 448.10 340.62 Td (30,122,352) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 512.10 340.62 Td (30,618,837) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.50 326.68 Td (Earnings per share:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.50 312.52 Td (Basic) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 93.00 312.52 Td (.....................................................................................) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 311.50 311.62 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 347.65 311.62 Td (0.06) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 375.50 311.62 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 411.65 311.62 Td (0.28) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 439.50 311.62 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 475.65 311.62 Td (1.03) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 503.50 311.62 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 539.65 311.62 Td (0.88) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.50 297.52 Td (Diluted) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 100.50 297.52 Td (..................................................................................) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 311.50 296.62 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 347.65 296.62 Td (0.06) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 375.50 296.62 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 411.65 296.62 Td (0.28) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 439.50 296.62 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 475.65 296.62 Td (1.03) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 503.50 296.62 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 539.65 296.62 Td (0.88) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.50 282.68 Td (Dividends declared and paid per share) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 218.00 282.52 Td (...................................) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 311.50 281.62 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 347.65 281.62 Td (0.45) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 375.50 281.62 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 411.65 281.62 Td (0.45) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 439.50 281.62 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 475.65 281.62 Td (1.35) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 503.50 281.62 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 539.65 281.62 Td (1.35) Tj ET Q BT /F2 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 135.30 253.45 Td (See accompanying notes to condensed consolidated financial statements \(unaudited\).) 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Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 360.00 652.62 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 379.15 652.62 Td (1,797) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 412.00 652.62 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 431.15 652.62 Td (8,589) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 464.00 652.62 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 478.10 652.62 Td (30,902) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 516.00 652.62 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.10 652.62 Td (26,965) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 638.52 Td (Currency translation adjustment, net of tax) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 224.00 638.52 Td (....................................................) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 379.15 637.62 Td (3,190) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 431.15 637.62 Td (3,276) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 474.80 637.67 Td (\(11,413) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 505.65 637.62 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.15 637.62 Td (3,742) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 64.00 623.52 Td (Comprehensive income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 159.00 623.52 Td (..............................................................................) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 379.15 622.62 Td (4,987) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 426.10 622.62 Td (11,865) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 478.10 622.62 Td (19,489) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.10 622.62 Td (30,707) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 608.52 Td (Less: Net income allocated to noncontrolling interests) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 269.00 608.52 Td (..................................) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 391.65 607.62 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.65 607.62 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 495.65 607.62 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 547.65 607.62 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 64.00 593.52 Td (Comprehensive income allocated to common stockholders) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 299.00 593.52 Td (......................) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 360.00 592.62 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 379.15 592.62 Td (4,987) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 412.00 592.62 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 426.10 592.62 Td (11,865) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 464.00 592.62 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 478.10 592.62 Td (19,489) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 516.00 592.62 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.10 592.62 Td (30,707) Tj ET Q BT /F2 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 135.30 564.45 Td (See accompanying notes to condensed consolidated financial statements \(unaudited\).) 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(.................................................................................) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 424.00 621.06 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 471.55 621.06 Td (365) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 496.00 621.06 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 543.55 621.06 Td (358) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 70.00 608.06 Td (Common stock issued) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 156.75 608.06 Td (..............................................................................................................) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 476.30 608.06 Td (13) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 553.05 608.06 Td (7) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 52.00 595.06 Td (Common stock, end of the period) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 182.85 595.06 Td (...................................................................................................) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 471.55 595.06 Td (378) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 543.55 595.06 Td (365) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.00 582.22 Td (Contingent convertible preferred stock, par value $0.01 per share) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 70.00 569.06 Td (Contingent convertible preferred stock, beginning of the period) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 313.50 569.06 Td (............................................) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 459.65 569.06 Td (46,950) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 531.65 569.06 Td (46,950) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 70.00 556.06 Td (Contingent convertible preferred stock converted) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 258.85 556.06 Td (...................................................................) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 456.50 556.06 Td (\(32,504) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 485.80 556.06 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 548.30 556.06 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 52.00 543.06 Td (Contingent convertible preferred stock, end of the period) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 270.75 543.06 Td (..............................................................) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 459.65 543.06 Td (14,446) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 531.65 543.06 Td (46,950) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.00 530.22 Td (Restricted stock units) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 70.00 517.06 Td (Restricted stock units, beginning of the period) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 249.35 517.06 Td (.......................................................................) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 454.90 517.06 Td (107,253) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 531.65 517.06 Td (99,916) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 70.00 504.06 Td (Restricted stock units recognized) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 199.50 504.06 Td (............................................................................................) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 459.65 504.06 Td (42,916) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 531.65 504.06 Td (54,178) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 70.00 491.06 Td (Restricted stock units delivered) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 192.35 491.06 Td (...............................................................................................) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 456.50 491.06 Td (\(43,604) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 485.80 491.06 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 528.50 491.06 Td (\(46,841) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 557.80 491.06 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 52.00 478.06 Td (Restricted stock units, end of the period) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 206.60 478.06 Td (.........................................................................................) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 454.90 478.06 Td (106,565) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 526.90 478.06 Td (107,253) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.00 465.22 Td (Additional paid-in capital) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 70.00 452.06 Td (Additional paid-in capital, beginning of the period) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 263.60 452.06 Td (.................................................................) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 454.90 452.06 Td (458,642) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 526.90 452.06 Td (412,283) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 70.00 439.06 Td (Common stock issued) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 156.75 439.06 Td (..............................................................................................................) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 459.65 439.06 Td (75,716) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 531.65 439.06 Td (51,306) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 70.00 426.06 Td (Tax \(expense\) from the delivery of restricted stock units) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 285.00 426.06 Td (........................................................) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 461.25 426.06 Td (\(1,855) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 485.80 426.06 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 533.25 426.06 Td (\(4,947) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 557.80 426.06 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 52.00 413.06 Td (Additional paid-in capital, end of the period) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 223.25 413.06 Td (..................................................................................) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 454.90 413.06 Td (532,503) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 526.90 413.06 Td (458,642) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.00 400.22 Td (Exchangeable shares of subsidiary) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 70.00 387.06 Td (Exchangeable shares of subsidiary, beginning of the period) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 296.85 387.06 Td (...................................................) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 464.40 387.06 Td (1,958) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 536.40 387.06 Td (6,578) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 70.00 374.06 Td (Exchangeable shares of subsidiary delivered) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 242.25 374.06 Td (..........................................................................) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 476.30 374.06 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 533.25 374.06 Td (\(4,620) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 557.80 374.06 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 52.00 361.06 Td (Exchangeable shares of subsidiary, end of the period) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 254.10 361.06 Td (.....................................................................) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 464.40 361.06 Td (1,958) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 536.40 361.06 Td (1,958) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.00 348.22 Td (Retained earnings) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 70.00 335.06 Td (Retained earnings, beginning of the period) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 235.10 335.06 Td (.............................................................................) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 454.90 335.06 Td (159,918) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 526.90 335.06 Td (173,374) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 70.00 322.06 Td (Dividends) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 114.00 322.06 Td (................................................................................................................................) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 456.50 322.06 Td (\(42,175) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 485.80 322.06 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 528.50 322.06 Td (\(57,129) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 557.80 322.06 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 70.00 309.06 Td (Tax benefit from payment of restricted stock unit dividends) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 299.25 309.06 Td (..................................................) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 464.40 309.06 Td (1,586) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 536.40 309.06 Td (1,581) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 70.00 296.06 Td (Net income allocated to common stockholders) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 249.35 296.06 Td (.......................................................................) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 459.65 296.06 Td (30,902) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 531.65 296.06 Td (42,092) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 52.00 283.06 Td (Retained earnings, end of the period) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 192.35 283.06 Td (...............................................................................................) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 454.90 283.06 Td (150,231) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 526.90 283.06 Td (159,918) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.00 270.22 Td (Accumulated other comprehensive income \(loss\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 70.00 257.06 Td (Accumulated other comprehensive income, beginning of the period) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 327.75 257.06 Td (......................................) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 464.40 257.06 Td (6,624) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 536.40 257.06 Td (3,128) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 70.00 244.06 Td (Currency translation adjustment, net of tax) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 235.10 244.06 Td (.............................................................................) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 456.50 244.06 Td (\(11,413) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 485.80 244.06 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 536.40 244.06 Td (3,496) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 52.00 231.06 Td (Accumulated other comprehensive income \(loss\), end of the period) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 311.10 231.06 Td (.............................................) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 461.25 231.06 Td (\(4,789) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 485.80 231.06 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 536.40 231.06 Td (6,624) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.00 218.22 Td (Treasury stock, at cost, par value $0.01 per share) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 70.00 205.06 Td (Treasury stock, beginning of the period) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 223.25 205.06 Td (..................................................................................) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 451.75 205.06 Td (\(479,551) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 485.80 205.06 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 523.75 205.06 Td (\(396,386) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 557.80 205.06 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 70.00 192.06 Td (Repurchased) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 123.50 192.06 Td (............................................................................................................................) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 456.50 192.06 Td (\(54,796) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 485.80 192.06 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 528.50 192.06 Td (\(83,165) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 557.80 192.06 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 52.00 179.06 Td (Treasury stock, end of the period) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 180.50 179.06 Td (....................................................................................................) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 451.75 179.06 Td (\(534,347) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 485.80 179.06 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 523.75 179.06 Td (\(479,551) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 557.80 179.06 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.00 166.22 Td (Total stockholders equity) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 161.50 166.06 Td (............................................................................................................) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 454.90 166.06 Td (266,945) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 526.90 166.06 Td (302,159) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.00 153.22 Td (Noncontrolling interests) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 70.00 140.06 Td (Noncontrolling interests, beginning of the period) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 258.85 140.06 Td (...................................................................) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 464.40 140.06 Td (1,353) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 536.40 140.06 Td (1,353) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 70.00 127.06 Td (Net income allocated to noncontrolling interests) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 256.50 127.06 Td (....................................................................) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 476.30 127.06 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 548.30 127.06 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 70.00 114.06 Td (Distributions to noncontrolling interests) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 225.60 114.06 Td (.................................................................................) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 468.35 114.06 Td (\(311) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 485.80 114.06 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 548.30 114.06 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 70.00 101.06 Td (Noncontrolling interests, end of the period) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 235.10 101.06 Td (.............................................................................) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 464.40 101.06 Td (1,042) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 536.40 101.06 Td (1,353) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.00 88.22 Td (Total equity) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 104.50 88.06 Td (....................................................................................................................................) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 424.00 88.06 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 454.90 88.06 Td (267,987) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 496.00 88.06 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 526.90 88.06 Td (303,512) Tj ET Q BT /F2 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 135.30 60.65 Td (See accompanying notes to condensed consolidated financial statements \(unaudited\).) Tj ET Q endstream endobj 17 0 obj <> endobj 18 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (8) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 224.40 742.25 Td (Gr) Tj ET Q q 0 0 0 rg BT 236.44 742.25 Td (eenhill& Co., Inc. and Subsidiaries) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 170.70 730.25 Td (Condensed Consolidated Statements of Cash Flows \(unaudited\)) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 277.25 718.25 Td (\(in thousands\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 661.75 388.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 661.75 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 661.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 661.75 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 635.75 388.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 635.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 635.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 635.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 608.75 388.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 608.75 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 608.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 608.75 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 582.75 388.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 582.75 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 582.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 582.75 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 556.75 388.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 556.75 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 556.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 556.75 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 530.75 388.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 530.75 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 530.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 530.75 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 504.75 388.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 504.75 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 504.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 504.75 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 478.75 388.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 478.75 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 478.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 478.75 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 452.75 388.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 452.75 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 452.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 452.75 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 426.75 388.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 426.75 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 426.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 426.75 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 400.75 388.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 400.75 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 400.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 400.75 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 374.75 388.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 374.75 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 374.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 374.75 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 348.75 388.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 348.75 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 348.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 348.75 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 322.75 388.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 322.75 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 322.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 322.75 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 296.75 388.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 296.75 60.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 296.75 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 296.75 60.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 259.75 388.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 259.75 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 259.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 259.75 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 233.75 388.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 233.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 233.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 233.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 206.75 388.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 206.75 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 206.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 206.75 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 180.75 388.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 180.75 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 180.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 180.75 60.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 674.75 m 497.5 674.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 674.75 m 501.5 674.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 674.75 m 561.5 674.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 661.75 m 497.5 661.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 661.75 m 561.5 661.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 465.75 m 497.5 465.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 465.75 m 561.5 465.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 465.75 m 561.5 465.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 387.75 m 497.5 387.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 387.75 m 561.5 387.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 387.75 m 497.5 387.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 387.75 m 561.5 387.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 272.75 m 497.5 272.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 272.75 m 561.5 272.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 246.75 m 497.5 246.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 246.75 m 561.5 246.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 219.75 m 497.5 219.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 219.75 m 561.5 219.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 207.75 m 497.5 207.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 205.75 m 497.5 205.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 207.75 m 561.5 207.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 205.75 m 561.5 205.75 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 451.25 686.98 Td (For the Nine Months Ended) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 474.60 678.98 Td (September 30,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 459.00 665.98 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 523.00 665.98 Td (2012) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.00 652.82 Td (Operating activities:) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 52.00 639.66 Td (Consolidated net income) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 151.35 639.66 Td (.......................................................................................................................) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 440.00 639.66 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 467.50 639.66 Td (30,902) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 504.00 639.66 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 531.50 639.66 Td (26,965) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 52.00 626.66 Td (Adjustments to reconcile consolidated net income to net cash provided by operating activities:) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 52.00 612.66 Td (Non-cash items included in consolidated net income:) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 70.00 599.66 Td (Depreciation and amortization) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 189.35 599.66 Td (.......................................................................................................) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 472.25 599.66 Td (3,612) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 536.25 599.66 Td (5,463) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 70.00 586.66 Td (Net investment gains) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 153.75 586.66 Td (......................................................................................................................) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 472.25 586.66 Td (1,612) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 540.20 586.66 Td (\(100) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 557.65 586.66 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 70.00 573.66 Td (Restricted stock units recognized and common stock issued) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 298.60 573.66 Td (.........................................................) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 467.50 573.66 Td (42,916) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 531.50 573.66 Td (42,008) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 70.00 560.66 Td (Deferred taxes) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 130.00 560.66 Td (................................................................................................................................) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 469.10 560.71 Td (\(2,809) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 493.65 560.66 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 528.35 560.71 Td (\(13,683) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 557.65 560.66 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 70.00 547.66 Td (Deferred gain on sale of certain merchant banking assets) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 289.10 547.66 Td (.............................................................) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 476.20 547.66 Td (\(147) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 493.65 547.66 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 540.20 547.66 Td (\(194) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 557.65 547.66 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 52.00 534.66 Td (Changes in operating assets and liabilities:) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 70.00 521.66 Td (Advisory fees receivable) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 168.00 521.66 Td (................................................................................................................) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 464.35 521.71 Td (\(10,201) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 493.65 521.66 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 533.10 521.71 Td (\(5,549) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 557.65 521.66 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 70.00 508.66 Td (Other receivables and assets) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 182.25 508.66 Td (..........................................................................................................) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 469.10 508.71 Td (\(3,578) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 493.65 508.66 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 533.10 508.71 Td (\(1,174) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 557.65 508.66 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 70.00 495.66 Td (Compensation payable) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 160.85 495.66 Td (...................................................................................................................) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 464.35 495.71 Td (\(16,807) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 493.65 495.66 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 528.35 495.71 Td (\(27,098) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 557.65 495.66 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 70.00 482.66 Td (Accounts payable and accrued expenses) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 225.00 482.66 Td (........................................................................................) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 471.15 482.32 Td (3,326) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.15 482.32 Td (7,607) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 70.00 469.66 Td (Current income taxes payable) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 187.00 469.66 Td (........................................................................................................) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.80 469.37 Td (\(3,876) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 493.65 469.32 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.15 469.32 Td (1,989) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 88.00 456.66 Td (Net cash provided by operating activities) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 246.35 456.66 Td (...............................................................................) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 467.50 456.66 Td (44,950) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 531.50 456.66 Td (36,234) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.00 443.82 Td (Investing activities:) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 52.00 430.66 Td (Purchases of investments) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 151.35 430.66 Td (.......................................................................................................................) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 476.20 430.66 Td (\(500) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 493.65 430.66 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 533.10 430.71 Td (\(6,536) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 557.65 430.66 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 52.00 417.66 Td (Proceeds from sales of investments) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 189.35 417.66 Td (.......................................................................................................) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 467.50 417.66 Td (26,582) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 531.50 417.66 Td (24,914) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 52.00 404.66 Td (Distributions from investments) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 175.10 404.66 Td (.............................................................................................................) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 472.25 404.66 Td (1,004) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 536.25 404.66 Td (3,040) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 391.32 Td (Purchases of property and equipment) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 201.50 391.32 Td (.............................................................................................) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 475.30 391.37 Td (\(637) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 493.65 391.32 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.80 391.37 Td (\(2,106) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 557.65 391.32 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 88.00 378.66 Td (Net cash provided by investing activities) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 246.35 378.66 Td (...............................................................................) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 467.50 378.66 Td (26,449) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 531.50 378.66 Td (19,312) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.00 365.82 Td (Financing activities:) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 52.00 352.66 Td (Proceeds from revolving bank loan) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 189.35 352.66 Td (.......................................................................................................) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 467.50 352.66 Td (89,900) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 531.50 352.66 Td (62,595) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 52.00 339.66 Td (Repayment of revolving bank loan) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 187.00 339.66 Td (........................................................................................................) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 464.35 339.71 Td (\(82,675) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 493.65 339.66 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 528.35 339.71 Td (\(55,270) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 557.65 339.66 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 52.00 326.66 Td (Distributions to noncontrolling interests) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 208.35 326.66 Td (...............................................................................................) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 476.20 326.66 Td (\(311) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 493.65 326.66 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 548.15 326.66 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 52.00 313.66 Td (Dividends paid) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 113.35 313.66 Td (.......................................................................................................................................) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 464.35 313.71 Td (\(42,175) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 493.65 313.66 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 528.35 313.71 Td (\(42,221) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 557.65 313.66 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 52.00 300.66 Td (Purchase of treasury stock) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 156.10 300.66 Td (.....................................................................................................................) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 464.35 300.71 Td (\(54,796) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 493.65 300.66 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 528.35 300.71 Td (\(40,497) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 557.65 300.66 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 52.00 287.66 Td (Net tax \(cost\) from the delivery of restricted stock units and payment of dividend equivalents) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 407.85 287.66 Td (...........) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 476.20 277.31 Td (\(269) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 493.65 277.31 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 533.10 277.36 Td (\(4,430) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 557.65 277.31 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 88.00 263.66 Td (Net cash used in financing activities) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 229.75 263.66 Td (......................................................................................) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 464.35 263.71 Td (\(90,326) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 493.65 263.66 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 528.35 263.71 Td (\(79,823) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 557.65 263.66 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 52.00 250.66 Td (Effect of exchange rate changes on cash and cash equivalents) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 289.10 250.66 Td (.............................................................) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 469.10 250.71 Td (\(1,053) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 493.65 250.66 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 543.40 250.66 Td (334) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 52.00 237.66 Td (Net decrease in cash and cash equivalents) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 215.50 237.66 Td (............................................................................................) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 464.35 237.71 Td (\(19,980) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 493.65 237.66 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 528.35 237.71 Td (\(23,943) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 557.65 237.66 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 52.00 224.66 Td (Cash and cash equivalents, beginning of period) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 234.50 224.66 Td (....................................................................................) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 467.50 224.31 Td (50,324) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 531.50 224.31 Td (62,050) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 52.00 210.66 Td (Cash and cash equivalents, end of period) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 210.75 210.66 Td (..............................................................................................) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 440.00 210.66 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 467.50 210.66 Td (30,344) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 504.00 210.66 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 531.50 210.66 Td (38,107) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.00 197.82 Td (Supplemental disclosure of cash flow information:) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 52.00 184.66 Td (Cash paid for interest) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 137.10 184.66 Td (.............................................................................................................................) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 440.00 184.66 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 479.40 184.66 Td (761) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 504.00 184.66 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 543.40 184.66 Td (763) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 52.00 171.66 Td (Cash paid for taxes, net of refunds) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 187.00 171.66 Td (........................................................................................................) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 440.00 171.66 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 467.50 171.66 Td (27,040) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 504.00 171.66 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 531.50 171.66 Td (24,742) Tj ET Q BT /F2 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 135.30 144.25 Td (See accompanying notes to condensed consolidated financial statements \(unaudited\).) Tj ET Q endstream endobj 19 0 obj <> endobj 20 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (9) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 224.40 742.25 Td (Gr) Tj ET Q q 0 0 0 rg BT 236.44 742.25 Td (eenhill& Co., Inc. and Subsidiaries) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 162.05 730.25 Td (Notes to Condensed Consolidated Financial Statements \(unaudited\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 707.25 Td (Note1 Organization) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 690.75 Td (Greenhill& ) Tj ET Q q 0 0 0 rg BT 125.30 690.75 Td (Co., ) Tj ET Q q 0 0 0 rg BT 145.22 690.75 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 166.24 690.75 Td (a ) Tj ET Q q 0 0 0 rg BT 173.93 690.75 Td (Delaware ) Tj ET Q q 0 0 0 rg BT 215.49 690.75 Td (corporation, ) Tj ET Q q 0 0 0 rg BT 267.34 690.75 Td (together ) Tj ET Q q 0 0 0 rg BT 303.36 690.75 Td (with ) Tj ET Q q 0 0 0 rg BT 324.39 690.75 Td (its ) Tj ET Q q 0 0 0 rg BT 337.09 690.75 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 387.56 690.75 Td (\(collectively) Tj ET Q q 0 0 0 rg BT 436.89 690.75 Td (, ) Tj ET Q q 0 0 0 rg BT 442.64 690.75 Td (the ) Tj ET Q q 0 0 0 rg BT 458.11 690.75 Td (Company\), ) Tj ET Q q 0 0 0 rg BT 514.96 690.75 Td (is ) Tj ET Q q 0 0 0 rg BT 524.88 690.75 Td (a ) Tj ET Q q 0 0 0 rg BT 532.57 690.75 Td (leading ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 678.75 Td (independent ) Tj ET Q q 0 0 0 rg BT 100.61 678.75 Td (investment ) Tj ET Q q 0 0 0 rg BT 146.23 678.75 Td (bank ) Tj ET Q q 0 0 0 rg BT 167.41 678.75 Td (focused ) Tj ET Q q 0 0 0 rg BT 200.24 678.75 Td (on ) Tj ET Q q 0 0 0 rg BT 211.98 678.75 Td (providing ) Tj ET Q q 0 0 0 rg BT 252.61 678.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 289.33 678.75 Td (advice ) Tj ET Q q 0 0 0 rg BT 317.16 678.75 Td (on ) Tj ET Q q 0 0 0 rg BT 328.90 678.75 Td (significant ) Tj ET Q q 0 0 0 rg BT 372.85 678.75 Td (mer) Tj ET Q q 0 0 0 rg BT 388.21 678.75 Td (gers, ) Tj ET Q q 0 0 0 rg BT 409.11 678.75 Td (acquisitions, ) Tj ET Q q 0 0 0 rg BT 461.12 678.75 Td (restructurings, ) Tj ET Q q 0 0 0 rg BT 520.35 678.75 Td (financings ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 666.75 Td (and ) Tj ET Q q 0 0 0 rg BT 66.76 666.75 Td (capital ) Tj ET Q q 0 0 0 rg BT 95.73 666.75 Td (raisings ) Tj ET Q q 0 0 0 rg BT 129.16 666.75 Td (to ) Tj ET Q q 0 0 0 rg BT 139.25 666.75 Td (corporations, ) Tj ET Q q 0 0 0 rg BT 194.06 666.75 Td (partnerships, ) Tj ET Q q 0 0 0 rg BT 247.75 666.75 Td (institutions ) Tj ET Q q 0 0 0 rg BT 294.53 666.75 Td (and ) Tj ET Q q 0 0 0 rg BT 311.28 666.75 Td (governments. ) Tj ET Q q 0 0 0 rg BT 367.59 666.75 Td (The ) Tj ET Q q 0 0 0 rg BT 385.46 666.75 Td (Company ) Tj ET Q q 0 0 0 rg BT 426.66 666.75 Td (acts ) Tj ET Q q 0 0 0 rg BT 444.53 666.75 Td (for ) Tj ET Q q 0 0 0 rg BT 458.51 666.75 Td (clients ) Tj ET Q q 0 0 0 rg BT 486.93 666.75 Td (located ) Tj ET Q q 0 0 0 rg BT 518.12 666.75 Td (throughout ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 654.75 Td (the ) Tj ET Q q 0 0 0 rg BT 64.56 654.75 Td (world ) Tj ET Q q 0 0 0 rg BT 90.22 654.75 Td (from ) Tj ET Q q 0 0 0 rg BT 112.00 654.75 Td (its ) Tj ET Q q 0 0 0 rg BT 123.79 654.75 Td (of) Tj ET Q q 0 0 0 rg BT 131.94 654.75 Td (fices ) Tj ET Q q 0 0 0 rg BT 153.15 654.75 Td (located ) Tj ET Q q 0 0 0 rg BT 184.37 654.75 Td (in ) Tj ET Q q 0 0 0 rg BT 194.48 654.75 Td (the ) Tj ET Q q 0 0 0 rg BT 209.04 654.75 Td (United ) Tj ET Q q 0 0 0 rg BT 238.59 654.75 Td (States, ) Tj ET Q q 0 0 0 rg BT 267.32 654.75 Td (United ) Tj ET Q q 0 0 0 rg BT 296.88 654.75 Td (Kingdom, ) Tj ET Q q 0 0 0 rg BT 339.49 654.75 Td (Germany) Tj ET Q q 0 0 0 rg BT 376.05 654.75 Td (, ) Tj ET Q q 0 0 0 rg BT 380.89 654.75 Td (Canada, ) Tj ET Q q 0 0 0 rg BT 415.71 654.75 Td (Japan, ) Tj ET Q q 0 0 0 rg BT 442.80 654.75 Td (Australia, ) Tj ET Q q 0 0 0 rg BT 484.30 654.75 Td (Sweden ) Tj ET Q q 0 0 0 rg BT 518.30 654.75 Td (and ) Tj ET Q q 0 0 0 rg BT 535.07 654.75 Td (Brazil. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 633.75 Td (The ) Tj ET Q q 0 0 0 rg BT 92.74 633.75 Td (Company's ) Tj ET Q q 0 0 0 rg BT 140.50 633.75 Td (activities ) Tj ET Q q 0 0 0 rg BT 179.79 633.75 Td (as ) Tj ET Q q 0 0 0 rg BT 191.31 633.75 Td (an ) Tj ET Q q 0 0 0 rg BT 203.94 633.75 Td (investment ) Tj ET Q q 0 0 0 rg BT 251.01 633.75 Td (banking ) Tj ET Q q 0 0 0 rg BT 286.41 633.75 Td (firm ) Tj ET Q q 0 0 0 rg BT 306.82 633.75 Td (constitute ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 348.89 633.75 Td (one) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 363.33 633.75 Td ( ) Tj ET Q q 0 0 0 rg BT 366.51 633.75 Td (business ) Tj ET Q q 0 0 0 rg BT 403.59 633.75 Td (segment, ) Tj ET Q q 0 0 0 rg BT 442.61 633.75 Td (with ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 463.58 633.75 Td (two) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 478.58 633.75 Td ( ) Tj ET Q q 0 0 0 rg BT 481.76 633.75 Td (principal ) Tj ET Q q 0 0 0 rg BT 520.49 633.75 Td (sources ) Tj ET Q q 0 0 0 rg BT 553.67 633.75 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 621.75 Td (revenue: ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 600.75 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 600.75 Td (Advisory) Tj ET Q q 0 0 0 rg BT 122.57 600.75 Td (, ) Tj ET Q q 0 0 0 rg BT 127.94 600.75 Td (which ) Tj ET Q q 0 0 0 rg BT 155.24 600.75 Td (includes ) Tj ET Q q 0 0 0 rg BT 191.43 600.75 Td (engagements ) Tj ET Q q 0 0 0 rg BT 246.49 600.75 Td (relating ) Tj ET Q q 0 0 0 rg BT 279.90 600.75 Td (to ) Tj ET Q q 0 0 0 rg BT 290.54 600.75 Td (mer) Tj ET Q q 0 0 0 rg BT 305.91 600.75 Td (gers ) Tj ET Q q 0 0 0 rg BT 325.43 600.75 Td (and ) Tj ET Q q 0 0 0 rg BT 342.73 600.75 Td (acquisitions, ) Tj ET Q q 0 0 0 rg BT 395.87 600.75 Td (financing ) Tj ET Q q 0 0 0 rg BT 436.50 600.75 Td (advisory ) Tj ET Q q 0 0 0 rg BT 473.80 600.75 Td (and ) Tj ET Q q 0 0 0 rg BT 491.10 600.75 Td (restructuring, ) Tj ET Q q 0 0 0 rg BT 547.56 600.75 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 588.75 Td (private ) Tj ET Q q 0 0 0 rg BT 116.26 588.75 Td (equity ) Tj ET Q q 0 0 0 rg BT 143.76 588.75 Td (and ) Tj ET Q q 0 0 0 rg BT 160.70 588.75 Td (real ) Tj ET Q q 0 0 0 rg BT 178.18 588.75 Td (estate ) Tj ET Q q 0 0 0 rg BT 203.45 588.75 Td (capital ) Tj ET Q q 0 0 0 rg BT 232.60 588.75 Td (advisory ) Tj ET Q q 0 0 0 rg BT 269.54 588.75 Td (services; ) Tj ET Q q 0 0 0 rg BT 307.02 588.75 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 567.75 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 567.75 Td (Investments, ) Tj ET Q q 0 0 0 rg BT 142.51 567.75 Td (which ) Tj ET Q q 0 0 0 rg BT 172.63 567.75 Td (includes ) Tj ET Q q 0 0 0 rg BT 211.64 567.75 Td (the ) Tj ET Q q 0 0 0 rg BT 229.53 567.75 Td (Company's ) Tj ET Q q 0 0 0 rg BT 279.80 567.75 Td (principal ) Tj ET Q q 0 0 0 rg BT 321.02 567.75 Td (investments ) Tj ET Q q 0 0 0 rg BT 374.48 567.75 Td (in ) Tj ET Q q 0 0 0 rg BT 387.94 567.75 Td (certain ) Tj ET Q q 0 0 0 rg BT 420.82 567.75 Td (merchant ) Tj ET Q q 0 0 0 rg BT 463.71 567.75 Td (banking ) Tj ET Q q 0 0 0 rg BT 501.60 567.75 Td (funds, ) Tj ET Q q 0 0 0 rg BT 532.01 567.75 Td (Iridium ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 555.75 Td (Communications ) Tj ET Q q 0 0 0 rg BT 156.83 555.75 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 174.60 555.75 Td (\(Iridium\), ) Tj ET Q q 0 0 0 rg BT 225.13 555.75 Td (other ) Tj ET Q q 0 0 0 rg BT 248.18 555.75 Td (investments ) Tj ET Q q 0 0 0 rg BT 298.45 555.75 Td (and ) Tj ET Q q 0 0 0 rg BT 315.39 555.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 347.32 555.75 Td (income. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 534.75 Td (The ) Tj ET Q q 0 0 0 rg BT 93.96 534.75 Td (Company's ) Tj ET Q q 0 0 0 rg BT 142.95 534.75 Td (wholly-owned ) Tj ET Q q 0 0 0 rg BT 205.14 534.75 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 256.77 534.75 Td (that ) Tj ET Q q 0 0 0 rg BT 276.18 534.75 Td (provide ) Tj ET Q q 0 0 0 rg BT 311.14 534.75 Td (advisory ) Tj ET Q q 0 0 0 rg BT 349.99 534.75 Td (services ) Tj ET Q q 0 0 0 rg BT 386.61 534.75 Td (include ) Tj ET Q q 0 0 0 rg BT 420.46 534.75 Td (Greenhill& ) Tj ET Q q 0 0 0 rg BT 472.91 534.75 Td (Co., ) Tj ET Q q 0 0 0 rg BT 493.99 534.75 Td (LLC ) Tj ET Q q 0 0 0 rg BT 517.29 534.75 Td (\(G&Co\), ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 522.75 Td (Greenhill& ) Tj ET Q q 0 0 0 rg BT 101.78 522.75 Td (Co. ) Tj ET Q q 0 0 0 rg BT 119.69 522.75 Td (International ) Tj ET Q q 0 0 0 rg BT 174.51 522.75 Td (LLP) Tj ET Q q 0 0 0 rg BT 191.92 522.75 Td ( ) Tj ET Q q 0 0 0 rg BT 195.66 522.75 Td (\(GCI\), ) Tj ET Q q 0 0 0 rg BT 234.66 522.75 Td (Greenhill& ) Tj ET Q q 0 0 0 rg BT 286.44 522.75 Td (Co. ) Tj ET Q q 0 0 0 rg BT 304.34 522.75 Td (Europe ) Tj ET Q q 0 0 0 rg BT 336.96 522.75 Td (LLP) Tj ET Q q 0 0 0 rg BT 354.37 522.75 Td ( ) Tj ET Q q 0 0 0 rg BT 358.10 522.75 Td (\(GCE\), ) Tj ET Q q 0 0 0 rg BT 399.88 522.75 Td (Greenhill& ) Tj ET Q q 0 0 0 rg BT 451.66 522.75 Td (Co. ) Tj ET Q q 0 0 0 rg BT 469.57 522.75 Td (Canada ) Tj ET Q q 0 0 0 rg BT 503.29 522.75 Td (Ltd. ) Tj ET Q q 0 0 0 rg BT 523.41 522.75 Td (\(GCC\), ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 510.75 Td (Greenhill& ) Tj ET Q q 0 0 0 rg BT 100.14 510.75 Td (Co. ) Tj ET Q q 0 0 0 rg BT 116.41 510.75 Td (Japan ) Tj ET Q q 0 0 0 rg BT 141.28 510.75 Td (Ltd. ) Tj ET Q q 0 0 0 rg BT 159.77 510.75 Td (\(GCJ\), ) Tj ET Q q 0 0 0 rg BT 197.69 510.75 Td (Greenhill& ) Tj ET Q q 0 0 0 rg BT 247.84 510.75 Td (Co. ) Tj ET Q q 0 0 0 rg BT 263.64 510.75 Td (Australia ) Tj ET Q q 0 0 0 rg BT 302.40 510.75 Td (Pty ) Tj ET Q q 0 0 0 rg BT 317.84 510.75 Td (Limited ) Tj ET Q q 0 0 0 rg BT 351.60 510.75 Td (\(Greenhill ) Tj ET Q q 0 0 0 rg BT 398.77 510.75 Td (Australia\), ) Tj ET Q q 0 0 0 rg BT 447.80 510.75 Td (and ) Tj ET Q q 0 0 0 rg BT 464.34 510.75 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 504.20 510.75 Td (& ) Tj ET Q q 0 0 0 rg BT 514.08 510.75 Td (Co. ) Tj ET Q q 0 0 0 rg BT 530.35 510.75 Td (Sweden ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 498.75 Td (AB ) Tj ET Q q 0 0 0 rg BT 66.39 498.75 Td (\("GCS"\). ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 477.75 Td (G&Co ) Tj ET Q q 0 0 0 rg BT 103.51 477.75 Td (is ) Tj ET Q q 0 0 0 rg BT 113.02 477.75 Td (engaged ) Tj ET Q q 0 0 0 rg BT 149.17 477.75 Td (in ) Tj ET Q q 0 0 0 rg BT 159.79 477.75 Td (investment ) Tj ET Q q 0 0 0 rg BT 206.51 477.75 Td (banking ) Tj ET Q q 0 0 0 rg BT 241.56 477.75 Td (activities ) Tj ET Q q 0 0 0 rg BT 280.50 477.75 Td (principally ) Tj ET Q q 0 0 0 rg BT 326.66 477.75 Td (in ) Tj ET Q q 0 0 0 rg BT 337.27 477.75 Td (the ) Tj ET Q q 0 0 0 rg BT 352.33 477.75 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 372.95 477.75 Td (G&Co ) Tj ET Q q 0 0 0 rg BT 402.46 477.75 Td (is ) Tj ET Q q 0 0 0 rg BT 411.97 477.75 Td (registered ) Tj ET Q q 0 0 0 rg BT 454.23 477.75 Td (as ) Tj ET Q q 0 0 0 rg BT 465.40 477.75 Td (a ) Tj ET Q q 0 0 0 rg BT 472.68 477.75 Td (broker) Tj ET Q q 0 0 0 rg BT 498.57 477.75 Td (-dealer ) Tj ET Q q 0 0 0 rg BT 529.17 477.75 Td (with ) Tj ET Q q 0 0 0 rg BT 549.78 477.75 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 465.75 Td (Securities ) Tj ET Q q 0 0 0 rg BT 91.59 465.75 Td (and ) Tj ET Q q 0 0 0 rg BT 108.19 465.75 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 149.77 465.75 Td (Commission ) Tj ET Q q 0 0 0 rg BT 202.50 465.75 Td (\(SEC\) ) Tj ET Q q 0 0 0 rg BT 238.53 465.75 Td (and ) Tj ET Q q 0 0 0 rg BT 255.13 465.75 Td (the ) Tj ET Q q 0 0 0 rg BT 269.50 465.75 Td (Financial ) Tj ET Q q 0 0 0 rg BT 308.87 465.75 Td (Industry ) Tj ET Q q 0 0 0 rg BT 344.36 465.75 Td (Regulatory ) Tj ET Q q 0 0 0 rg BT 390.48 465.75 Td (Authority ) Tj ET Q q 0 0 0 rg BT 431.52 465.75 Td (\(FINRA\), ) Tj ET Q q 0 0 0 rg BT 481.72 465.75 Td (and ) Tj ET Q q 0 0 0 rg BT 498.32 465.75 Td (is ) Tj ET Q q 0 0 0 rg BT 507.15 465.75 Td (licensed ) Tj ET Q q 0 0 0 rg BT 542.07 465.75 Td (in ) Tj ET Q q 0 0 0 rg BT 552.00 465.75 Td (all ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 453.75 Td (50 ) Tj ET Q q 0 0 0 rg BT 62.20 453.75 Td (states ) Tj ET Q q 0 0 0 rg BT 86.62 453.75 Td (and ) Tj ET Q q 0 0 0 rg BT 103.27 453.75 Td (the ) Tj ET Q q 0 0 0 rg BT 117.69 453.75 Td (District ) Tj ET Q q 0 0 0 rg BT 149.89 453.75 Td (of ) Tj ET Q q 0 0 0 rg BT 160.42 453.75 Td (Columbia. ) Tj ET Q q 0 0 0 rg BT 204.57 453.75 Td (G&Co ) Tj ET Q q 0 0 0 rg BT 233.44 453.75 Td (is ) Tj ET Q q 0 0 0 rg BT 242.31 453.75 Td (also ) Tj ET Q q 0 0 0 rg BT 260.63 453.75 Td (registered ) Tj ET Q q 0 0 0 rg BT 302.25 453.75 Td (as ) Tj ET Q q 0 0 0 rg BT 312.79 453.75 Td (a ) Tj ET Q q 0 0 0 rg BT 319.43 453.75 Td (municipal ) Tj ET Q q 0 0 0 rg BT 361.62 453.75 Td (advisor ) Tj ET Q q 0 0 0 rg BT 393.26 453.75 Td (with ) Tj ET Q q 0 0 0 rg BT 413.25 453.75 Td (the ) Tj ET Q q 0 0 0 rg BT 427.67 453.75 Td (SEC ) Tj ET Q q 0 0 0 rg BT 448.21 453.75 Td (and ) Tj ET Q q 0 0 0 rg BT 464.85 453.75 Td (the ) Tj ET Q q 0 0 0 rg BT 479.27 453.75 Td (Municipal ) Tj ET Q q 0 0 0 rg BT 522.58 453.75 Td (Securities ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 441.75 Td (Rulemaking ) Tj ET Q q 0 0 0 rg BT 101.38 441.75 Td (Board. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 420.75 Td (GCI ) Tj ET Q q 0 0 0 rg BT 93.21 420.75 Td (is ) Tj ET Q q 0 0 0 rg BT 101.87 420.75 Td (engaged ) Tj ET Q q 0 0 0 rg BT 137.18 420.75 Td (in ) Tj ET Q q 0 0 0 rg BT 146.95 420.75 Td (investment ) Tj ET Q q 0 0 0 rg BT 192.82 420.75 Td (banking ) Tj ET Q q 0 0 0 rg BT 227.03 420.75 Td (activities ) Tj ET Q q 0 0 0 rg BT 265.12 420.75 Td (in ) Tj ET Q q 0 0 0 rg BT 274.89 420.75 Td (the ) Tj ET Q q 0 0 0 rg BT 289.10 420.75 Td (U.K. ) Tj ET Q q 0 0 0 rg BT 310.53 420.75 Td (and ) Tj ET Q q 0 0 0 rg BT 326.96 420.75 Td (GCE ) Tj ET Q q 0 0 0 rg BT 348.95 420.75 Td (is ) Tj ET Q q 0 0 0 rg BT 357.62 420.75 Td (engaged ) Tj ET Q q 0 0 0 rg BT 392.92 420.75 Td (in ) Tj ET Q q 0 0 0 rg BT 402.69 420.75 Td (investment ) Tj ET Q q 0 0 0 rg BT 448.56 420.75 Td (banking ) Tj ET Q q 0 0 0 rg BT 482.77 420.75 Td (activities ) Tj ET Q q 0 0 0 rg BT 520.86 420.75 Td (in ) Tj ET Q q 0 0 0 rg BT 530.63 420.75 Td (Europe. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 408.75 Td (GCI ) Tj ET Q q 0 0 0 rg BT 68.86 408.75 Td (and ) Tj ET Q q 0 0 0 rg BT 84.94 408.75 Td (GCE ) Tj ET Q q 0 0 0 rg BT 106.57 408.75 Td (are ) Tj ET Q q 0 0 0 rg BT 120.42 408.75 Td (subject ) Tj ET Q q 0 0 0 rg BT 150.38 408.75 Td (to ) Tj ET Q q 0 0 0 rg BT 159.80 408.75 Td (regulation ) Tj ET Q q 0 0 0 rg BT 201.98 408.75 Td (by ) Tj ET Q q 0 0 0 rg BT 213.62 408.75 Td (the ) Tj ET Q q 0 0 0 rg BT 227.47 408.75 Td (U.K. ) Tj ET Q q 0 0 0 rg BT 248.55 408.75 Td (Financial ) Tj ET Q q 0 0 0 rg BT 287.40 408.75 Td (Conduct ) Tj ET Q q 0 0 0 rg BT 322.57 408.75 Td (Authority ) Tj ET Q q 0 0 0 rg BT 363.09 408.75 Td (\(FCA\). ) Tj ET Q q 0 0 0 rg BT 402.22 408.75 Td (GCJ ) Tj ET Q q 0 0 0 rg BT 421.64 408.75 Td (and ) Tj ET Q q 0 0 0 rg BT 437.72 408.75 Td (GCC ) Tj ET Q q 0 0 0 rg BT 459.92 408.75 Td (are ) Tj ET Q q 0 0 0 rg BT 473.76 408.75 Td (engaged ) Tj ET Q q 0 0 0 rg BT 508.72 408.75 Td (in ) Tj ET Q q 0 0 0 rg BT 518.13 408.75 Td (investment ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 396.75 Td (banking ) Tj ET Q q 0 0 0 rg BT 83.94 396.75 Td (activities ) Tj ET Q q 0 0 0 rg BT 121.76 396.75 Td (in ) Tj ET Q q 0 0 0 rg BT 131.26 396.75 Td (Japan ) Tj ET Q q 0 0 0 rg BT 155.76 396.75 Td (and ) Tj ET Q q 0 0 0 rg BT 171.92 396.75 Td (Canada, ) Tj ET Q q 0 0 0 rg BT 206.13 396.75 Td (respectively) Tj ET Q q 0 0 0 rg BT 253.79 396.75 Td (. ) Tj ET Q q 0 0 0 rg BT 258.01 396.75 Td (GCJ ) Tj ET Q q 0 0 0 rg BT 277.52 396.75 Td (is ) Tj ET Q q 0 0 0 rg BT 285.91 396.75 Td (registered ) Tj ET Q q 0 0 0 rg BT 327.06 396.75 Td (with ) Tj ET Q q 0 0 0 rg BT 346.56 396.75 Td (the ) Tj ET Q q 0 0 0 rg BT 360.50 396.75 Td (Kanto ) Tj ET Q q 0 0 0 rg BT 386.67 396.75 Td (Local ) Tj ET Q q 0 0 0 rg BT 411.15 396.75 Td (Finance ) Tj ET Q q 0 0 0 rg BT 444.53 396.75 Td (Bureau ) Tj ET Q q 0 0 0 rg BT 475.13 396.75 Td (in ) Tj ET Q q 0 0 0 rg BT 484.63 396.75 Td (Japan ) Tj ET Q q 0 0 0 rg BT 509.13 396.75 Td (and ) Tj ET Q q 0 0 0 rg BT 525.29 396.75 Td (is ) Tj ET Q q 0 0 0 rg BT 533.68 396.75 Td (subject ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 384.75 Td (to ) Tj ET Q q 0 0 0 rg BT 59.93 384.75 Td (regulation ) Tj ET Q q 0 0 0 rg BT 102.63 384.75 Td (by ) Tj ET Q q 0 0 0 rg BT 114.78 384.75 Td (the ) Tj ET Q q 0 0 0 rg BT 129.16 384.75 Td (Financial ) Tj ET Q q 0 0 0 rg BT 168.52 384.75 Td (Services ) Tj ET Q q 0 0 0 rg BT 204.08 384.75 Td (Agency ) Tj ET Q q 0 0 0 rg BT 237.33 384.75 Td (in ) Tj ET Q q 0 0 0 rg BT 247.27 384.75 Td (Japan. ) Tj ET Q q 0 0 0 rg BT 274.69 384.75 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 314.13 384.75 Td (Australia ) Tj ET Q q 0 0 0 rg BT 352.94 384.75 Td (engages ) Tj ET Q q 0 0 0 rg BT 387.30 384.75 Td (in ) Tj ET Q q 0 0 0 rg BT 397.24 384.75 Td (investment ) Tj ET Q q 0 0 0 rg BT 443.27 384.75 Td (banking ) Tj ET Q q 0 0 0 rg BT 477.65 384.75 Td (activities ) Tj ET Q q 0 0 0 rg BT 515.90 384.75 Td (in ) Tj ET Q q 0 0 0 rg BT 525.36 384.75 Td (Australia ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 372.75 Td (and ) Tj ET Q q 0 0 0 rg BT 67.30 372.75 Td (New ) Tj ET Q q 0 0 0 rg BT 89.04 372.75 Td (Zealand ) Tj ET Q q 0 0 0 rg BT 124.10 372.75 Td (and ) Tj ET Q q 0 0 0 rg BT 141.40 372.75 Td (is ) Tj ET Q q 0 0 0 rg BT 150.93 372.75 Td (licensed ) Tj ET Q q 0 0 0 rg BT 186.55 372.75 Td (and ) Tj ET Q q 0 0 0 rg BT 203.85 372.75 Td (subject ) Tj ET Q q 0 0 0 rg BT 235.03 372.75 Td (to ) Tj ET Q q 0 0 0 rg BT 245.67 372.75 Td (regulation ) Tj ET Q q 0 0 0 rg BT 289.07 372.75 Td (by ) Tj ET Q q 0 0 0 rg BT 301.93 372.75 Td (the ) Tj ET Q q 0 0 0 rg BT 316.37 372.75 Td (Australian ) Tj ET Q q 0 0 0 rg BT 360.89 372.75 Td (Securities ) Tj ET Q q 0 0 0 rg BT 403.18 372.75 Td (and ) Tj ET Q q 0 0 0 rg BT 420.48 372.75 Td (Investment ) Tj ET Q q 0 0 0 rg BT 467.77 372.75 Td (Commission ) Tj ET Q q 0 0 0 rg BT 521.19 372.75 Td (\(ASIC\). ) Tj ET Q q 0 0 0 rg BT 564.51 372.75 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 360.75 Td (GCS ) Tj ET Q q 0 0 0 rg BT 72.64 360.75 Td (is ) Tj ET Q q 0 0 0 rg BT 82.50 360.75 Td (engaged ) Tj ET Q q 0 0 0 rg BT 119.01 360.75 Td (in ) Tj ET Q q 0 0 0 rg BT 129.98 360.75 Td (investment ) Tj ET Q q 0 0 0 rg BT 177.05 360.75 Td (banking ) Tj ET Q q 0 0 0 rg BT 212.46 360.75 Td (activities ) Tj ET Q q 0 0 0 rg BT 251.74 360.75 Td (in ) Tj ET Q q 0 0 0 rg BT 262.71 360.75 Td (Sweden ) Tj ET Q q 0 0 0 rg BT 297.56 360.75 Td (and ) Tj ET Q q 0 0 0 rg BT 315.19 360.75 Td (the ) Tj ET Q q 0 0 0 rg BT 330.60 360.75 Td (general ) Tj ET Q q 0 0 0 rg BT 363.21 360.75 Td (Nordic ) Tj ET Q q 0 0 0 rg BT 394.17 360.75 Td (region ) Tj ET Q q 0 0 0 rg BT 422.91 360.75 Td (and ) Tj ET Q q 0 0 0 rg BT 440.53 360.75 Td (is ) Tj ET Q q 0 0 0 rg BT 450.39 360.75 Td (subject ) Tj ET Q q 0 0 0 rg BT 481.91 360.75 Td (to ) Tj ET Q q 0 0 0 rg BT 492.88 360.75 Td (regulation ) Tj ET Q q 0 0 0 rg BT 536.61 360.75 Td (by ) Tj ET Q q 0 0 0 rg BT 549.80 360.75 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 348.75 Td (Swedish ) Tj ET Q q 0 0 0 rg BT 86.39 348.75 Td (Financial ) Tj ET Q q 0 0 0 rg BT 126.10 348.75 Td (Supervisory ) Tj ET Q q 0 0 0 rg BT 176.38 348.75 Td (Authority) Tj ET Q q 0 0 0 rg BT 214.62 348.75 Td (. ) Tj ET Q q 0 0 0 rg BT 219.62 348.75 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 326.25 Td (Note2 Summary of Significant ) Tj ET Q q 0 0 0 rg BT 196.11 326.25 Td (Accounting Policies) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 50.00 309.25 Td (Basis of Financial Information) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 292.25 Td (These ) Tj ET Q q 0 0 0 rg BT 99.53 292.25 Td (condensed ) Tj ET Q q 0 0 0 rg BT 143.40 292.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 195.60 292.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 232.23 292.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 276.10 292.25 Td (are ) Tj ET Q q 0 0 0 rg BT 289.97 292.25 Td (prepared ) Tj ET Q q 0 0 0 rg BT 326.60 292.25 Td (in ) Tj ET Q q 0 0 0 rg BT 336.03 292.25 Td (conformity ) Tj ET Q q 0 0 0 rg BT 382.12 292.25 Td (with ) Tj ET Q q 0 0 0 rg BT 401.56 292.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 447.09 292.25 Td (principles ) Tj ET Q q 0 0 0 rg BT 488.18 292.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 527.04 292.25 Td (accepted ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 280.25 Td (in ) Tj ET Q q 0 0 0 rg BT 60.70 280.25 Td (the ) Tj ET Q q 0 0 0 rg BT 75.83 280.25 Td (United ) Tj ET Q q 0 0 0 rg BT 105.97 280.25 Td (States ) Tj ET Q q 0 0 0 rg BT 132.77 280.25 Td (\(U.S. ) Tj ET Q q 0 0 0 rg BT 156.81 280.25 Td (GAAP\), ) Tj ET Q q 0 0 0 rg BT 192.78 280.25 Td (which ) Tj ET Q q 0 0 0 rg BT 220.14 280.25 Td (require ) Tj ET Q q 0 0 0 rg BT 251.37 280.25 Td (management ) Tj ET Q q 0 0 0 rg BT 305.38 280.25 Td (to ) Tj ET Q q 0 0 0 rg BT 316.08 280.25 Td (make ) Tj ET Q q 0 0 0 rg BT 340.65 280.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 380.78 280.25 Td (and ) Tj ET Q q 0 0 0 rg BT 398.14 280.25 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 450.51 280.25 Td (regarding ) Tj ET Q q 0 0 0 rg BT 491.74 280.25 Td (future ) Tj ET Q q 0 0 0 rg BT 518.54 280.25 Td (events ) Tj ET Q q 0 0 0 rg BT 547.00 280.25 Td (that ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 268.25 Td (af) Tj ET Q q 0 0 0 rg BT 57.59 268.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 74.14 268.25 Td (the ) Tj ET Q q 0 0 0 rg BT 87.92 268.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 123.37 268.25 Td (reported ) Tj ET Q q 0 0 0 rg BT 158.25 268.25 Td (in ) Tj ET Q q 0 0 0 rg BT 167.59 268.25 Td (our ) Tj ET Q q 0 0 0 rg BT 182.48 268.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 219.03 268.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 262.80 268.25 Td (and ) Tj ET Q q 0 0 0 rg BT 278.81 268.25 Td (these ) Tj ET Q q 0 0 0 rg BT 300.92 268.25 Td (footnotes, ) Tj ET Q q 0 0 0 rg BT 342.20 268.25 Td (including ) Tj ET Q q 0 0 0 rg BT 381.54 268.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 426.98 268.25 Td (valuations, ) Tj ET Q q 0 0 0 rg BT 472.15 268.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 529.26 268.25 Td (accruals ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 256.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.92 256.25 Td (other ) Tj ET Q q 0 0 0 rg BT 89.94 256.25 Td (matters. ) Tj ET Q q 0 0 0 rg BT 124.36 256.25 Td (Management ) Tj ET Q q 0 0 0 rg BT 179.04 256.25 Td (believes ) Tj ET Q q 0 0 0 rg BT 214.28 256.25 Td (that ) Tj ET Q q 0 0 0 rg BT 231.76 256.25 Td (the ) Tj ET Q q 0 0 0 rg BT 246.45 256.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 286.14 256.25 Td (used ) Tj ET Q q 0 0 0 rg BT 306.95 256.25 Td (in ) Tj ET Q q 0 0 0 rg BT 317.21 256.25 Td (preparing ) Tj ET Q q 0 0 0 rg BT 358.01 256.25 Td (its ) Tj ET Q q 0 0 0 rg BT 369.93 256.25 Td (condensed ) Tj ET Q q 0 0 0 rg BT 414.62 256.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 467.64 256.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 505.10 256.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 549.79 256.25 Td (are ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 244.25 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 95.31 244.25 Td (and ) Tj ET Q q 0 0 0 rg BT 112.31 244.25 Td (prudent. ) Tj ET Q q 0 0 0 rg BT 147.35 244.25 Td (Actual ) Tj ET Q q 0 0 0 rg BT 176.56 244.25 Td (results ) Tj ET Q q 0 0 0 rg BT 205.23 244.25 Td (could ) Tj ET Q q 0 0 0 rg BT 230.01 244.25 Td (dif) Tj ET Q q 0 0 0 rg BT 240.93 244.25 Td (fer ) Tj ET Q q 0 0 0 rg BT 254.59 244.25 Td (materially ) Tj ET Q q 0 0 0 rg BT 297.69 244.25 Td (from ) Tj ET Q q 0 0 0 rg BT 319.68 244.25 Td (those ) Tj ET Q q 0 0 0 rg BT 343.35 244.25 Td (estimates. ) Tj ET Q q 0 0 0 rg BT 385.62 244.25 Td ( ) Tj ET Q q 0 0 0 rg BT 388.18 244.25 Td (Certain ) Tj ET Q q 0 0 0 rg BT 420.17 244.25 Td (reclassifications ) Tj ET Q q 0 0 0 rg BT 487.15 244.25 Td (have ) Tj ET Q q 0 0 0 rg BT 508.59 244.25 Td (been ) Tj ET Q q 0 0 0 rg BT 530.02 244.25 Td (made ) Tj ET Q q 0 0 0 rg BT 554.24 244.25 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 232.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 71.94 232.25 Td (year ) Tj ET Q q 0 0 0 rg BT 91.65 232.25 Td (information ) Tj ET Q q 0 0 0 rg BT 141.36 232.25 Td (to ) Tj ET Q q 0 0 0 rg BT 151.64 232.25 Td (conform ) Tj ET Q q 0 0 0 rg BT 188.01 232.25 Td (to ) Tj ET Q q 0 0 0 rg BT 198.29 232.25 Td (current ) Tj ET Q q 0 0 0 rg BT 229.11 232.25 Td (year ) Tj ET Q q 0 0 0 rg BT 248.81 232.25 Td (presentation.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 211.25 Td (The ) Tj ET Q q 0 0 0 rg BT 91.53 211.25 Td (condensed ) Tj ET Q q 0 0 0 rg BT 135.73 211.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 188.26 211.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 225.23 211.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 269.42 211.25 Td (of ) Tj ET Q q 0 0 0 rg BT 279.74 211.25 Td (the ) Tj ET Q q 0 0 0 rg BT 293.95 211.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 334.82 211.25 Td (include ) Tj ET Q q 0 0 0 rg BT 366.24 211.25 Td (all ) Tj ET Q q 0 0 0 rg BT 378.22 211.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 430.75 211.25 Td (accounts ) Tj ET Q q 0 0 0 rg BT 467.73 211.25 Td (of ) Tj ET Q q 0 0 0 rg BT 478.04 211.25 Td (Greenhill& ) Tj ET Q q 0 0 0 rg BT 528.07 211.25 Td (Co., ) Tj ET Q q 0 0 0 rg BT 546.73 211.25 Td (Inc. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 199.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.79 199.25 Td (all ) Tj ET Q q 0 0 0 rg BT 79.14 199.25 Td (other ) Tj ET Q q 0 0 0 rg BT 102.04 199.25 Td (entities ) Tj ET Q q 0 0 0 rg BT 133.27 199.25 Td (in ) Tj ET Q q 0 0 0 rg BT 143.40 199.25 Td (which ) Tj ET Q q 0 0 0 rg BT 170.19 199.25 Td (the ) Tj ET Q q 0 0 0 rg BT 184.76 199.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 226.00 199.25 Td (has ) Tj ET Q q 0 0 0 rg BT 241.69 199.25 Td (a ) Tj ET Q q 0 0 0 rg BT 248.48 199.25 Td (controlling ) Tj ET Q q 0 0 0 rg BT 294.71 199.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 326.50 199.25 Td (after ) Tj ET Q q 0 0 0 rg BT 347.17 199.25 Td (eliminations ) Tj ET Q q 0 0 0 rg BT 398.96 199.25 Td (of ) Tj ET Q q 0 0 0 rg BT 409.64 199.25 Td (all ) Tj ET Q q 0 0 0 rg BT 421.99 199.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 466.55 199.25 Td (inter) Tj ET Q q 0 0 0 rg BT 484.68 199.25 Td (-company ) Tj ET Q q 0 0 0 rg BT 527.01 199.25 Td (accounts ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 187.25 Td (and ) Tj ET Q q 0 0 0 rg BT 67.88 187.25 Td (transactions. ) Tj ET Q q 0 0 0 rg BT 121.58 187.25 Td (In ) Tj ET Q q 0 0 0 rg BT 133.36 187.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 181.76 187.25 Td (with ) Tj ET Q q 0 0 0 rg BT 202.98 187.25 Td (the ) Tj ET Q q 0 0 0 rg BT 218.64 187.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 265.95 187.25 Td (pronouncements ) Tj ET Q q 0 0 0 rg BT 335.49 187.25 Td (related ) Tj ET Q q 0 0 0 rg BT 366.13 187.25 Td (to ) Tj ET Q q 0 0 0 rg BT 377.35 187.25 Td (consolidation ) Tj ET Q q 0 0 0 rg BT 434.67 187.25 Td (of ) Tj ET Q q 0 0 0 rg BT 446.44 187.25 Td (variable ) Tj ET Q q 0 0 0 rg BT 482.09 187.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 514.96 187.25 Td (entities, ) Tj ET Q q 0 0 0 rg BT 549.79 187.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 175.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 91.22 175.25 Td (consolidates ) Tj ET Q q 0 0 0 rg BT 142.99 175.25 Td (the ) Tj ET Q q 0 0 0 rg BT 157.55 175.25 Td (general ) Tj ET Q q 0 0 0 rg BT 189.31 175.25 Td (partners ) Tj ET Q q 0 0 0 rg BT 223.85 175.25 Td (of ) Tj ET Q q 0 0 0 rg BT 234.52 175.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 264.06 175.25 Td (merchant ) Tj ET Q q 0 0 0 rg BT 303.59 175.25 Td (banking ) Tj ET Q q 0 0 0 rg BT 338.15 175.25 Td (funds ) Tj ET Q q 0 0 0 rg BT 362.71 175.25 Td (in ) Tj ET Q q 0 0 0 rg BT 372.82 175.25 Td (which ) Tj ET Q q 0 0 0 rg BT 399.59 175.25 Td (it ) Tj ET Q q 0 0 0 rg BT 407.49 175.25 Td (has ) Tj ET Q q 0 0 0 rg BT 423.15 175.25 Td (a ) Tj ET Q q 0 0 0 rg BT 429.93 175.25 Td (majority ) Tj ET Q q 0 0 0 rg BT 466.15 175.25 Td (of ) Tj ET Q q 0 0 0 rg BT 476.81 175.25 Td (the ) Tj ET Q q 0 0 0 rg BT 491.37 175.25 Td (economic ) Tj ET Q q 0 0 0 rg BT 532.58 175.25 Td (interest ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 163.25 Td (and ) Tj ET Q q 0 0 0 rg BT 67.92 163.25 Td (control. ) Tj ET Q q 0 0 0 rg BT 101.98 163.25 Td (The ) Tj ET Q q 0 0 0 rg BT 121.01 163.25 Td (general ) Tj ET Q q 0 0 0 rg BT 153.91 163.25 Td (partners ) Tj ET Q q 0 0 0 rg BT 189.60 163.25 Td (account ) Tj ET Q q 0 0 0 rg BT 224.18 163.25 Td (for ) Tj ET Q q 0 0 0 rg BT 239.32 163.25 Td (their ) Tj ET Q q 0 0 0 rg BT 261.13 163.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 312.39 163.25 Td (in ) Tj ET Q q 0 0 0 rg BT 323.65 163.25 Td (these ) Tj ET Q q 0 0 0 rg BT 347.68 163.25 Td (merchant ) Tj ET Q q 0 0 0 rg BT 388.36 163.25 Td (banking ) Tj ET Q q 0 0 0 rg BT 424.06 163.25 Td (funds ) Tj ET Q q 0 0 0 rg BT 449.77 163.25 Td (under ) Tj ET Q q 0 0 0 rg BT 476.02 163.25 Td (the ) Tj ET Q q 0 0 0 rg BT 491.72 163.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 520.20 163.25 Td (method ) Tj ET Q q 0 0 0 rg BT 553.68 163.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 151.25 Td (accounting. ) Tj ET Q q 0 0 0 rg BT 97.89 151.25 Td (As ) Tj ET Q q 0 0 0 rg BT 110.96 151.25 Td (such, ) Tj ET Q q 0 0 0 rg BT 133.74 151.25 Td (the ) Tj ET Q q 0 0 0 rg BT 147.90 151.25 Td (general ) Tj ET Q q 0 0 0 rg BT 179.28 151.25 Td (partners ) Tj ET Q q 0 0 0 rg BT 213.44 151.25 Td (record ) Tj ET Q q 0 0 0 rg BT 240.92 151.25 Td (their ) Tj ET Q q 0 0 0 rg BT 261.20 151.25 Td (proportionate ) Tj ET Q q 0 0 0 rg BT 317.02 151.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 343.96 151.25 Td (of ) Tj ET Q q 0 0 0 rg BT 354.24 151.25 Td (income ) Tj ET Q q 0 0 0 rg BT 385.63 151.25 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 409.80 151.25 Td (from ) Tj ET Q q 0 0 0 rg BT 431.19 151.25 Td (the ) Tj ET Q q 0 0 0 rg BT 445.36 151.25 Td (underlying ) Tj ET Q q 0 0 0 rg BT 490.63 151.25 Td (merchant ) Tj ET Q q 0 0 0 rg BT 529.79 151.25 Td (banking ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 139.25 Td (funds. ) Tj ET Q q 0 0 0 rg BT 76.14 139.25 Td (As ) Tj ET Q q 0 0 0 rg BT 89.07 139.25 Td (these ) Tj ET Q q 0 0 0 rg BT 111.43 139.25 Td (merchant ) Tj ET Q q 0 0 0 rg BT 150.45 139.25 Td (banking ) Tj ET Q q 0 0 0 rg BT 184.48 139.25 Td (funds ) Tj ET Q q 0 0 0 rg BT 208.52 139.25 Td (follow ) Tj ET Q q 0 0 0 rg BT 236.44 139.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 282.14 139.25 Td (company ) Tj ET Q q 0 0 0 rg BT 320.61 139.25 Td (accounting, ) Tj ET Q q 0 0 0 rg BT 368.80 139.25 Td (and ) Tj ET Q q 0 0 0 rg BT 385.06 139.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 424.08 139.25 Td (record ) Tj ET Q q 0 0 0 rg BT 451.43 139.25 Td (all ) Tj ET Q q 0 0 0 rg BT 463.24 139.25 Td (their ) Tj ET Q q 0 0 0 rg BT 483.38 139.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 508.53 139.25 Td (and ) Tj ET Q q 0 0 0 rg BT 524.78 139.25 Td (liabilities ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 127.25 Td (at ) Tj ET Q q 0 0 0 rg BT 59.02 127.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 74.69 127.25 Td (value, ) Tj ET Q q 0 0 0 rg BT 100.64 127.25 Td (the ) Tj ET Q q 0 0 0 rg BT 114.66 127.25 Td (general ) Tj ET Q q 0 0 0 rg BT 145.88 127.25 Td (partners) Tj ET Q q 0 0 0 rg BT 180.68 127.25 Td ( ) Tj ET Q q 0 0 0 rg BT 182.47 127.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 228.15 127.25 Td (in ) Tj ET Q q 0 0 0 rg BT 237.73 127.25 Td (these ) Tj ET Q q 0 0 0 rg BT 260.08 127.25 Td (merchant ) Tj ET Q q 0 0 0 rg BT 299.08 127.25 Td (banking ) Tj ET Q q 0 0 0 rg BT 333.09 127.25 Td (funds ) Tj ET Q q 0 0 0 rg BT 357.11 127.25 Td (represents ) Tj ET Q q 0 0 0 rg BT 399.45 127.25 Td (an ) Tj ET Q q 0 0 0 rg BT 410.68 127.25 Td (estimation ) Tj ET Q q 0 0 0 rg BT 454.14 127.25 Td (of ) Tj ET Q q 0 0 0 rg BT 464.27 127.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 479.95 127.25 Td (value. ) Tj ET Q q 0 0 0 rg BT 505.77 127.25 Td (The ) Tj ET Q q 0 0 0 rg BT 523.12 127.25 Td (Company ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 115.25 Td (does ) Tj ET Q q 0 0 0 rg BT 70.24 115.25 Td (not ) Tj ET Q q 0 0 0 rg BT 84.94 115.25 Td (consolidate ) Tj ET Q q 0 0 0 rg BT 132.39 115.25 Td (the ) Tj ET Q q 0 0 0 rg BT 146.52 115.25 Td (merchant ) Tj ET Q q 0 0 0 rg BT 185.64 115.25 Td (banking ) Tj ET Q q 0 0 0 rg BT 219.77 115.25 Td (funds ) Tj ET Q q 0 0 0 rg BT 243.91 115.25 Td (since ) Tj ET Q q 0 0 0 rg BT 266.37 115.25 Td (the ) Tj ET Q q 0 0 0 rg BT 280.50 115.25 Td (Company) Tj ET Q q 0 0 0 rg BT 318.74 115.25 Td (, ) Tj ET Q q 0 0 0 rg BT 323.15 115.25 Td (through ) Tj ET Q q 0 0 0 rg BT 356.17 115.25 Td (its ) Tj ET Q q 0 0 0 rg BT 367.53 115.25 Td (general ) Tj ET Q q 0 0 0 rg BT 398.87 115.25 Td (partner ) Tj ET Q q 0 0 0 rg BT 429.10 115.25 Td (and ) Tj ET Q q 0 0 0 rg BT 445.45 115.25 Td (limited ) Tj ET Q q 0 0 0 rg BT 475.70 115.25 Td (partner ) Tj ET Q q 0 0 0 rg BT 505.93 115.25 Td (interests, ) Tj ET Q q 0 0 0 rg BT 543.67 115.25 Td (does ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 103.25 Td (not ) Tj ET Q q 0 0 0 rg BT 64.65 103.25 Td (have ) Tj ET Q q 0 0 0 rg BT 85.39 103.25 Td (a ) Tj ET Q q 0 0 0 rg BT 91.70 103.25 Td (majority ) Tj ET Q q 0 0 0 rg BT 127.45 103.25 Td (of ) Tj ET Q q 0 0 0 rg BT 137.64 103.25 Td (the ) Tj ET Q q 0 0 0 rg BT 151.73 103.25 Td (economic ) Tj ET Q q 0 0 0 rg BT 192.47 103.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 223.77 103.25 Td (in ) Tj ET Q q 0 0 0 rg BT 233.42 103.25 Td (such ) Tj ET Q q 0 0 0 rg BT 253.61 103.25 Td (funds ) Tj ET Q q 0 0 0 rg BT 277.70 103.25 Td (and ) Tj ET Q q 0 0 0 rg BT 294.01 103.25 Td (the ) Tj ET Q q 0 0 0 rg BT 308.09 103.25 Td (limited ) Tj ET Q q 0 0 0 rg BT 338.29 103.25 Td (partners ) Tj ET Q q 0 0 0 rg BT 372.37 103.25 Td (have ) Tj ET Q q 0 0 0 rg BT 393.11 103.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 422.18 103.25 Td (rights ) Tj ET Q q 0 0 0 rg BT 446.83 103.25 Td (to ) Tj ET Q q 0 0 0 rg BT 456.47 103.25 Td (remove ) Tj ET Q q 0 0 0 rg BT 488.33 103.25 Td (the ) Tj ET Q q 0 0 0 rg BT 502.41 103.25 Td (general ) Tj ET Q q 0 0 0 rg BT 533.70 103.25 Td (partner ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 91.25 Td (by ) Tj ET Q q 0 0 0 rg BT 62.50 91.25 Td (a ) Tj ET Q q 0 0 0 rg BT 69.44 91.25 Td (simple ) Tj ET Q q 0 0 0 rg BT 98.60 91.25 Td (majority ) Tj ET Q q 0 0 0 rg BT 134.99 91.25 Td (vote ) Tj ET Q q 0 0 0 rg BT 154.70 91.25 Td (of ) Tj ET Q q 0 0 0 rg BT 165.53 91.25 Td (unaf) Tj ET Q q 0 0 0 rg BT 183.12 91.25 Td (filiated ) Tj ET Q q 0 0 0 rg BT 213.94 91.25 Td (third-party ) Tj ET Q q 0 0 0 rg BT 259.20 91.25 Td (investors.) Tj ET Q endstream endobj 21 0 obj <> endobj 22 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (10) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 742.10 Td (These ) Tj ET Q q 0 0 0 rg BT 101.90 742.10 Td (condensed ) Tj ET Q q 0 0 0 rg BT 148.13 742.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 202.70 742.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 241.70 742.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 287.94 742.10 Td (are ) Tj ET Q q 0 0 0 rg BT 304.17 742.10 Td (unaudited ) Tj ET Q q 0 0 0 rg BT 347.63 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 366.09 742.10 Td (should ) Tj ET Q q 0 0 0 rg BT 396.79 742.10 Td (be ) Tj ET Q q 0 0 0 rg BT 410.25 742.10 Td (read ) Tj ET Q q 0 0 0 rg BT 431.48 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 443.28 742.10 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 494.52 742.10 Td (with ) Tj ET Q q 0 0 0 rg BT 516.32 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 532.56 742.10 Td (audited ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 103.80 730.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 142.05 730.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 187.52 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 205.22 730.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 229.59 730.10 Td (thereto ) Tj ET Q q 0 0 0 rg BT 260.62 730.10 Td (for ) Tj ET Q q 0 0 0 rg BT 275.54 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 291.02 730.10 Td (year ) Tj ET Q q 0 0 0 rg BT 311.48 730.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 338.62 730.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 397.97 730.10 Td (2012 ) Tj ET Q q 0 0 0 rg BT 421.23 730.10 Td (included ) Tj ET Q q 0 0 0 rg BT 458.93 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 469.97 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 485.44 730.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 532.57 730.10 Td (Annual ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (Report ) Tj ET Q q 0 0 0 rg BT 79.89 718.10 Td (on ) Tj ET Q q 0 0 0 rg BT 92.57 718.10 Td (Form ) Tj ET Q q 0 0 0 rg BT 116.91 718.10 Td (10-K ) Tj ET Q q 0 0 0 rg BT 140.14 718.10 Td (filed ) Tj ET Q q 0 0 0 rg BT 161.14 718.10 Td (with ) Tj ET Q q 0 0 0 rg BT 181.60 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 196.49 718.10 Td (SEC. ) Tj ET Q q 0 0 0 rg BT 219.81 718.10 Td (The ) Tj ET Q q 0 0 0 rg BT 238.03 718.10 Td (condensed ) Tj ET Q q 0 0 0 rg BT 282.92 718.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 336.13 718.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 373.79 718.10 Td (information ) Tj ET Q q 0 0 0 rg BT 423.68 718.10 Td (as ) Tj ET Q q 0 0 0 rg BT 434.68 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 445.69 718.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 504.45 718.10 Td (2012 ) Tj ET Q q 0 0 0 rg BT 527.13 718.10 Td (has ) Tj ET Q q 0 0 0 rg BT 543.13 718.10 Td (been ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (derived ) Tj ET Q q 0 0 0 rg BT 82.59 706.10 Td (from ) Tj ET Q q 0 0 0 rg BT 104.64 706.10 Td (audited ) Tj ET Q q 0 0 0 rg BT 136.68 706.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 189.83 706.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 227.41 706.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 272.23 706.10 Td (not ) Tj ET Q q 0 0 0 rg BT 287.62 706.10 Td (included ) Tj ET Q q 0 0 0 rg BT 324.66 706.10 Td (herein. ) Tj ET Q q 0 0 0 rg BT 354.56 706.10 Td (The ) Tj ET Q q 0 0 0 rg BT 372.71 706.10 Td (results ) Tj ET Q q 0 0 0 rg BT 401.43 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 412.36 706.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 456.63 706.10 Td (for ) Tj ET Q q 0 0 0 rg BT 470.89 706.10 Td (interim ) Tj ET Q q 0 0 0 rg BT 502.38 706.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 534.42 706.10 Td (are ) Tj ET Q q 0 0 0 rg BT 549.24 706.10 Td (not ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (necessarily ) Tj ET Q q 0 0 0 rg BT 96.92 694.10 Td (indicative ) Tj ET Q q 0 0 0 rg BT 138.85 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 149.68 694.10 Td (results ) Tj ET Q q 0 0 0 rg BT 178.29 694.10 Td (for ) Tj ET Q q 0 0 0 rg BT 192.45 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 207.17 694.10 Td (entire ) Tj ET Q q 0 0 0 rg BT 232.43 694.10 Td (year) Tj ET Q q 0 0 0 rg BT 249.09 694.10 Td (. ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 50.00 668.10 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 88.05 668.10 Td (Recognition) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 62.00 651.10 Td (Advisory ) Tj ET Q q 0 0 0 rg BT 100.05 651.10 Td (Revenues) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 627.10 Td (The ) Tj ET Q q 0 0 0 rg BT 95.08 627.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 142.20 627.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 188.60 627.10 Td (policy ) Tj ET Q q 0 0 0 rg BT 216.13 627.10 Td (is ) Tj ET Q q 0 0 0 rg BT 225.33 627.10 Td (to ) Tj ET Q q 0 0 0 rg BT 235.65 627.10 Td (recognize ) Tj ET Q q 0 0 0 rg BT 277.04 627.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 311.22 627.10 Td (when ) Tj ET Q q 0 0 0 rg BT 335.42 627.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 347.39 627.10 Td (there ) Tj ET Q q 0 0 0 rg BT 369.91 627.10 Td (is ) Tj ET Q q 0 0 0 rg BT 379.11 627.10 Td (persuasive ) Tj ET Q q 0 0 0 rg BT 423.86 627.10 Td (evidence ) Tj ET Q q 0 0 0 rg BT 461.92 627.10 Td (of ) Tj ET Q q 0 0 0 rg BT 472.79 627.10 Td (an ) Tj ET Q q 0 0 0 rg BT 484.76 627.10 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 537.26 627.10 Td (with ) Tj ET Q q 0 0 0 rg BT 557.58 627.10 Td (a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 615.10 Td (client, ) Tj ET Q q 0 0 0 rg BT 78.06 615.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 93.62 615.10 Td (the ) Tj ET Q q 0 0 0 rg BT 109.18 615.10 Td (agreed-upon ) Tj ET Q q 0 0 0 rg BT 162.51 615.10 Td (services ) Tj ET Q q 0 0 0 rg BT 198.06 615.10 Td (have ) Tj ET Q q 0 0 0 rg BT 220.28 615.10 Td (been ) Tj ET Q q 0 0 0 rg BT 242.51 615.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 287.50 615.10 Td (and ) Tj ET Q q 0 0 0 rg BT 305.29 615.10 Td (delivered ) Tj ET Q q 0 0 0 rg BT 345.83 615.10 Td (to ) Tj ET Q q 0 0 0 rg BT 356.96 615.10 Td (the ) Tj ET Q q 0 0 0 rg BT 372.52 615.10 Td (client ) Tj ET Q q 0 0 0 rg BT 398.08 615.10 Td (or ) Tj ET Q q 0 0 0 rg BT 409.76 615.10 Td (the ) Tj ET Q q 0 0 0 rg BT 425.32 615.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 472.54 615.10 Td (or ) Tj ET Q q 0 0 0 rg BT 484.21 615.10 Td (events ) Tj ET Q q 0 0 0 rg BT 513.11 615.10 Td (noted ) Tj ET Q q 0 0 0 rg BT 538.67 615.10 Td (in ) Tj ET Q q 0 0 0 rg BT 549.79 615.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 603.10 Td (engagement ) Tj ET Q q 0 0 0 rg BT 99.85 603.10 Td (letter ) Tj ET Q q 0 0 0 rg BT 121.94 603.10 Td (are ) Tj ET Q q 0 0 0 rg BT 135.69 603.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 182.21 603.10 Td (to ) Tj ET Q q 0 0 0 rg BT 191.53 603.10 Td (be ) Tj ET Q q 0 0 0 rg BT 202.51 603.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 254.61 603.10 Td (complete, ) Tj ET Q q 0 0 0 rg BT 295.30 603.10 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 311.84 603.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 329.48 603.10 Td (are ) Tj ET Q q 0 0 0 rg BT 343.23 603.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 365.32 603.10 Td (and ) Tj ET Q q 0 0 0 rg BT 381.30 603.10 Td (determinable, ) Tj ET Q q 0 0 0 rg BT 437.54 603.10 Td (and ) Tj ET Q q 0 0 0 rg BT 453.53 603.10 Td (\(iv\) ) Tj ET Q q 0 0 0 rg BT 469.51 603.10 Td (collection ) Tj ET Q q 0 0 0 rg BT 510.48 603.10 Td (is ) Tj ET Q q 0 0 0 rg BT 518.69 603.10 Td (reasonably ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 591.10 Td (assured.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 567.10 Td (The ) Tj ET Q q 0 0 0 rg BT 96.38 567.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 139.10 567.10 Td (recognizes ) Tj ET Q q 0 0 0 rg BT 185.69 567.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 223.96 567.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 240.00 567.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 279.37 567.10 Td (for ) Tj ET Q q 0 0 0 rg BT 294.86 567.10 Td (mer) Tj ET Q q 0 0 0 rg BT 310.23 567.10 Td (gers ) Tj ET Q q 0 0 0 rg BT 330.72 567.10 Td (and ) Tj ET Q q 0 0 0 rg BT 349.00 567.10 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 400.60 567.10 Td (or ) Tj ET Q q 0 0 0 rg BT 412.77 567.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 454.36 567.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 492.64 567.10 Td (and ) Tj ET Q q 0 0 0 rg BT 510.91 567.10 Td (restructuring ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 555.10 Td (engagements ) Tj ET Q q 0 0 0 rg BT 103.75 555.10 Td (when ) Tj ET Q q 0 0 0 rg BT 126.95 555.10 Td (the ) Tj ET Q q 0 0 0 rg BT 140.71 555.10 Td (services ) Tj ET Q q 0 0 0 rg BT 174.46 555.10 Td (related ) Tj ET Q q 0 0 0 rg BT 203.20 555.10 Td (to ) Tj ET Q q 0 0 0 rg BT 212.52 555.10 Td (the ) Tj ET Q q 0 0 0 rg BT 226.28 555.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 271.15 555.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 320.46 555.10 Td (are ) Tj ET Q q 0 0 0 rg BT 334.21 555.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 377.40 555.10 Td (in ) Tj ET Q q 0 0 0 rg BT 386.72 555.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 433.23 555.10 Td (with ) Tj ET Q q 0 0 0 rg BT 452.55 555.10 Td (the ) Tj ET Q q 0 0 0 rg BT 466.31 555.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 490.07 555.10 Td (of ) Tj ET Q q 0 0 0 rg BT 499.94 555.10 Td (the ) Tj ET Q q 0 0 0 rg BT 513.70 555.10 Td (engagement ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 543.10 Td (letter ) Tj ET Q q 0 0 0 rg BT 73.04 543.10 Td (and ) Tj ET Q q 0 0 0 rg BT 89.98 543.10 Td (all ) Tj ET Q q 0 0 0 rg BT 102.48 543.10 Td (other ) Tj ET Q q 0 0 0 rg BT 125.52 543.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 180.22 543.10 Td (for ) Tj ET Q q 0 0 0 rg BT 194.38 543.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 228.53 543.10 Td (recognition ) Tj ET Q q 0 0 0 rg BT 276.57 543.10 Td (are ) Tj ET Q q 0 0 0 rg BT 291.28 543.10 Td (satisfied.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 519.10 Td (The ) Tj ET Q q 0 0 0 rg BT 94.71 519.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 135.77 519.10 Td (recognizes ) Tj ET Q q 0 0 0 rg BT 180.69 519.10 Td (private ) Tj ET Q q 0 0 0 rg BT 210.62 519.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 237.79 519.10 Td (and ) Tj ET Q q 0 0 0 rg BT 254.39 519.10 Td (real ) Tj ET Q q 0 0 0 rg BT 271.55 519.10 Td (estate ) Tj ET Q q 0 0 0 rg BT 296.48 519.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 325.30 519.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 361.90 519.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 380.17 519.10 Td (at ) Tj ET Q q 0 0 0 rg BT 389.55 519.10 Td (the ) Tj ET Q q 0 0 0 rg BT 403.94 519.10 Td (time ) Tj ET Q q 0 0 0 rg BT 423.88 519.10 Td (of ) Tj ET Q q 0 0 0 rg BT 434.38 519.10 Td (the ) Tj ET Q q 0 0 0 rg BT 448.76 519.10 Td (client's ) Tj ET Q q 0 0 0 rg BT 478.84 519.10 Td (acceptance ) Tj ET Q q 0 0 0 rg BT 524.85 519.10 Td (of ) Tj ET Q q 0 0 0 rg BT 535.35 519.10 Td (capital ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 507.10 Td (or ) Tj ET Q q 0 0 0 rg BT 61.28 507.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 90.88 507.10 Td (commitments ) Tj ET Q q 0 0 0 rg BT 148.26 507.10 Td (to ) Tj ET Q q 0 0 0 rg BT 158.99 507.10 Td (a ) Tj ET Q q 0 0 0 rg BT 166.38 507.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 187.66 507.10 Td (in ) Tj ET Q q 0 0 0 rg BT 198.38 507.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 246.29 507.10 Td (with ) Tj ET Q q 0 0 0 rg BT 267.02 507.10 Td (the ) Tj ET Q q 0 0 0 rg BT 282.18 507.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 307.35 507.10 Td (of ) Tj ET Q q 0 0 0 rg BT 318.63 507.10 Td (the ) Tj ET Q q 0 0 0 rg BT 333.79 507.10 Td (engagement ) Tj ET Q q 0 0 0 rg BT 385.05 507.10 Td (letter) Tj ET Q q 0 0 0 rg BT 405.04 507.10 Td (. ) Tj ET Q q 0 0 0 rg BT 410.49 507.10 Td ( ) Tj ET Q q 0 0 0 rg BT 413.44 507.10 Td (Generally) Tj ET Q q 0 0 0 rg BT 452.21 507.10 Td (, ) Tj ET Q q 0 0 0 rg BT 457.66 507.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 472.81 507.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 507.41 507.10 Td (is ) Tj ET Q q 0 0 0 rg BT 517.03 507.10 Td (determined ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 495.10 Td (based ) Tj ET Q q 0 0 0 rg BT 75.93 495.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 99.10 495.10 Td (a ) Tj ET Q q 0 0 0 rg BT 106.70 495.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 130.41 495.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 176.88 495.10 Td (of ) Tj ET Q q 0 0 0 rg BT 188.37 495.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 218.18 495.10 Td (committed ) Tj ET Q q 0 0 0 rg BT 264.12 495.10 Td (to ) Tj ET Q q 0 0 0 rg BT 275.06 495.10 Td (the ) Tj ET Q q 0 0 0 rg BT 290.44 495.10 Td (fund. ) Tj ET Q q 0 0 0 rg BT 314.43 495.10 Td ( ) Tj ET Q q 0 0 0 rg BT 317.60 495.10 Td (For ) Tj ET Q q 0 0 0 rg BT 334.65 495.10 Td (multiple ) Tj ET Q q 0 0 0 rg BT 371.15 495.10 Td (closings, ) Tj ET Q q 0 0 0 rg BT 409.59 495.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 444.40 495.10 Td (is ) Tj ET Q q 0 0 0 rg BT 454.23 495.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 501.26 495.10 Td (at ) Tj ET Q q 0 0 0 rg BT 511.64 495.10 Td (each ) Tj ET Q q 0 0 0 rg BT 533.12 495.10 Td (interim ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 483.10 Td (closing ) Tj ET Q q 0 0 0 rg BT 82.00 483.10 Td (based ) Tj ET Q q 0 0 0 rg BT 107.88 483.10 Td (on ) Tj ET Q q 0 0 0 rg BT 120.99 483.10 Td (the ) Tj ET Q q 0 0 0 rg BT 136.31 483.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 169.42 483.10 Td (of ) Tj ET Q q 0 0 0 rg BT 180.86 483.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 210.62 483.10 Td (committed ) Tj ET Q q 0 0 0 rg BT 256.50 483.10 Td (at ) Tj ET Q q 0 0 0 rg BT 266.83 483.10 Td (each ) Tj ET Q q 0 0 0 rg BT 288.25 483.10 Td (closing ) Tj ET Q q 0 0 0 rg BT 320.25 483.10 Td (at ) Tj ET Q q 0 0 0 rg BT 330.58 483.10 Td (the ) Tj ET Q q 0 0 0 rg BT 345.90 483.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 369.56 483.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 384.88 483.10 Td (percentage. ) Tj ET Q q 0 0 0 rg BT 433.79 483.10 Td ( ) Tj ET Q q 0 0 0 rg BT 436.21 483.10 Td (At ) Tj ET Q q 0 0 0 rg BT 449.32 483.10 Td (the ) Tj ET Q q 0 0 0 rg BT 464.65 483.10 Td (final ) Tj ET Q q 0 0 0 rg BT 486.09 483.10 Td (closing, ) Tj ET Q q 0 0 0 rg BT 520.58 483.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 555.34 483.10 Td (is ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 471.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 96.36 471.10 Td (at ) Tj ET Q q 0 0 0 rg BT 106.08 471.10 Td (the ) Tj ET Q q 0 0 0 rg BT 120.80 471.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 143.84 471.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 189.64 471.10 Td (for ) Tj ET Q q 0 0 0 rg BT 203.80 471.10 Td (the ) Tj ET Q q 0 0 0 rg BT 218.52 471.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 251.02 471.10 Td (of ) Tj ET Q q 0 0 0 rg BT 261.85 471.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 291.00 471.10 Td (committed ) Tj ET Q q 0 0 0 rg BT 336.26 471.10 Td (since ) Tj ET Q q 0 0 0 rg BT 359.31 471.10 Td (the ) Tj ET Q q 0 0 0 rg BT 374.03 471.10 Td (last ) Tj ET Q q 0 0 0 rg BT 390.42 471.10 Td (interim ) Tj ET Q q 0 0 0 rg BT 421.80 471.10 Td (closing.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 447.10 Td (While ) Tj ET Q q 0 0 0 rg BT 103.62 447.10 Td (the ) Tj ET Q q 0 0 0 rg BT 118.02 447.10 Td (majority ) Tj ET Q q 0 0 0 rg BT 154.08 447.10 Td (of ) Tj ET Q q 0 0 0 rg BT 164.60 447.10 Td (the ) Tj ET Q q 0 0 0 rg BT 179.00 447.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 225.76 447.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 240.15 447.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 273.98 447.10 Td (is ) Tj ET Q q 0 0 0 rg BT 282.84 447.10 Td (earned ) Tj ET Q q 0 0 0 rg BT 311.67 447.10 Td (at ) Tj ET Q q 0 0 0 rg BT 321.07 447.10 Td (the ) Tj ET Q q 0 0 0 rg BT 335.47 447.10 Td (conclusion ) Tj ET Q q 0 0 0 rg BT 380.98 447.10 Td (of ) Tj ET Q q 0 0 0 rg BT 391.49 447.10 Td (a ) Tj ET Q q 0 0 0 rg BT 398.12 447.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 444.17 447.10 Td (or ) Tj ET Q q 0 0 0 rg BT 454.69 447.10 Td (closing ) Tj ET Q q 0 0 0 rg BT 485.76 447.10 Td (of ) Tj ET Q q 0 0 0 rg BT 496.27 447.10 Td (a ) Tj ET Q q 0 0 0 rg BT 502.89 447.10 Td (fund, ) Tj ET Q q 0 0 0 rg BT 525.91 447.10 Td (on-going ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 435.10 Td (retainer ) Tj ET Q q 0 0 0 rg BT 83.53 435.10 Td (fees, ) Tj ET Q q 0 0 0 rg BT 105.13 435.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 158.68 435.10 Td (all ) Tj ET Q q 0 0 0 rg BT 171.68 435.10 Td (of ) Tj ET Q q 0 0 0 rg BT 183.01 435.10 Td (which ) Tj ET Q q 0 0 0 rg BT 210.45 435.10 Td (relate ) Tj ET Q q 0 0 0 rg BT 235.65 435.10 Td (to ) Tj ET Q q 0 0 0 rg BT 246.43 435.10 Td (non-success ) Tj ET Q q 0 0 0 rg BT 297.75 435.10 Td (based ) Tj ET Q q 0 0 0 rg BT 323.52 435.10 Td (strategic ) Tj ET Q q 0 0 0 rg BT 360.39 435.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 397.83 435.10 Td (and ) Tj ET Q q 0 0 0 rg BT 415.27 435.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 456.04 435.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 493.47 435.10 Td (and ) Tj ET Q q 0 0 0 rg BT 510.91 435.10 Td (restructuring ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 423.10 Td (assignments, ) Tj ET Q q 0 0 0 rg BT 103.89 423.10 Td (are ) Tj ET Q q 0 0 0 rg BT 118.59 423.10 Td (also ) Tj ET Q q 0 0 0 rg BT 137.20 423.10 Td (earned ) Tj ET Q q 0 0 0 rg BT 166.35 423.10 Td (and ) Tj ET Q q 0 0 0 rg BT 183.29 423.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 229.65 423.10 Td (as ) Tj ET Q q 0 0 0 rg BT 240.48 423.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 277.42 423.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 292.12 423.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 326.27 423.10 Td (over ) Tj ET Q q 0 0 0 rg BT 346.54 423.10 Td (the ) Tj ET Q q 0 0 0 rg BT 361.25 423.10 Td (period ) Tj ET Q q 0 0 0 rg BT 389.30 423.10 Td (in ) Tj ET Q q 0 0 0 rg BT 399.58 423.10 Td (which ) Tj ET Q q 0 0 0 rg BT 426.52 423.10 Td (the ) Tj ET Q q 0 0 0 rg BT 441.24 423.10 Td (related ) Tj ET Q q 0 0 0 rg BT 470.94 423.10 Td (service ) Tj ET Q q 0 0 0 rg BT 501.75 423.10 Td (is ) Tj ET Q q 0 0 0 rg BT 510.92 423.10 Td (rendered.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 399.10 Td (The ) Tj ET Q q 0 0 0 rg BT 95.95 399.10 Td (Company) Tj ET Q q 0 0 0 rg BT 137.61 399.10 Td (s ) Tj ET Q q 0 0 0 rg BT 144.90 399.10 Td (clients ) Tj ET Q q 0 0 0 rg BT 174.40 399.10 Td (reimburse ) Tj ET Q q 0 0 0 rg BT 217.79 399.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 248.39 399.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 287.88 399.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 324.60 399.10 Td (by ) Tj ET Q q 0 0 0 rg BT 338.00 399.10 Td (the ) Tj ET Q q 0 0 0 rg BT 353.61 399.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 395.90 399.10 Td (in ) Tj ET Q q 0 0 0 rg BT 407.07 399.10 Td (the ) Tj ET Q q 0 0 0 rg BT 422.69 399.10 Td (conduct ) Tj ET Q q 0 0 0 rg BT 457.74 399.10 Td (of ) Tj ET Q q 0 0 0 rg BT 469.47 399.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 507.31 399.10 Td (engagements. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 387.10 Td (Expenses ) Tj ET Q q 0 0 0 rg BT 89.69 387.10 Td (are ) Tj ET Q q 0 0 0 rg BT 103.83 387.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 139.07 387.10 Td (net ) Tj ET Q q 0 0 0 rg BT 153.21 387.10 Td (of ) Tj ET Q q 0 0 0 rg BT 163.46 387.10 Td (such ) Tj ET Q q 0 0 0 rg BT 183.72 387.10 Td (client ) Tj ET Q q 0 0 0 rg BT 207.86 387.10 Td (reimbursements. ) Tj ET Q q 0 0 0 rg BT 276.15 387.10 Td (Client ) Tj ET Q q 0 0 0 rg BT 302.52 387.10 Td (reimbursements ) Tj ET Q q 0 0 0 rg BT 368.32 387.10 Td (totaled ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 397.46 387.10 Td ($1.3 ) Tj ET Q q 0 0 0 rg BT 416.88 387.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 445.77 387.10 Td ( ) Tj ET Q q 0 0 0 rg BT 447.70 387.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 464.06 387.10 Td ($1.6 ) Tj ET Q q 0 0 0 rg BT 483.49 387.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 512.38 387.10 Td ( ) Tj ET Q q 0 0 0 rg BT 514.31 387.10 Td (for ) Tj ET Q q 0 0 0 rg BT 527.89 387.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 542.03 387.10 Td (three ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 375.10 Td (months ) Tj ET Q q 0 0 0 rg BT 81.52 375.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 107.47 375.10 Td (September ) Tj ET Q q 0 0 0 rg BT 152.30 375.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 166.87 375.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 186.87 375.10 Td ( ) Tj ET Q q 0 0 0 rg BT 188.94 375.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 205.45 375.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 225.45 375.10 Td (, ) Tj ET Q q 0 0 0 rg BT 230.02 375.10 Td (respectively ) Tj ET Q q 0 0 0 rg BT 280.40 375.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 296.91 375.10 Td ($4.8 ) Tj ET Q q 0 0 0 rg BT 316.48 375.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 345.37 375.10 Td ( ) Tj ET Q q 0 0 0 rg BT 347.44 375.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 363.95 375.10 Td ($5.4 ) Tj ET Q q 0 0 0 rg BT 383.52 375.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 412.41 375.10 Td ( ) Tj ET Q q 0 0 0 rg BT 414.48 375.10 Td (for ) Tj ET Q q 0 0 0 rg BT 428.21 375.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 442.50 375.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 461.79 375.10 Td (months ) Tj ET Q q 0 0 0 rg BT 493.31 375.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 519.25 375.10 Td (September ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 363.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 65.00 363.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.00 363.10 Td ( ) Tj ET Q q 0 0 0 rg BT 87.50 363.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.44 363.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 124.44 363.10 Td (, ) Tj ET Q q 0 0 0 rg BT 129.44 363.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 177.10 363.10 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 68.00 337.10 Td (Investment ) Tj ET Q q 0 0 0 rg BT 113.82 337.10 Td (Revenues) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 313.10 Td (Investment ) Tj ET Q q 0 0 0 rg BT 122.89 313.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 159.88 313.10 Td (consist ) Tj ET Q q 0 0 0 rg BT 189.12 313.10 Td (of ) Tj ET Q q 0 0 0 rg BT 198.91 313.10 Td (\(i\)gains ) Tj ET Q q 0 0 0 rg BT 233.41 313.10 Td (\(or ) Tj ET Q q 0 0 0 rg BT 246.53 313.10 Td (losses\) ) Tj ET Q q 0 0 0 rg BT 275.20 313.10 Td (on ) Tj ET Q q 0 0 0 rg BT 286.66 313.10 Td (the ) Tj ET Q q 0 0 0 rg BT 300.33 313.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 346.37 313.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 395.60 313.10 Td (in ) Tj ET Q q 0 0 0 rg BT 404.83 313.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 433.49 313.10 Td (merchant ) Tj ET Q q 0 0 0 rg BT 472.15 313.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 505.83 313.10 Td (funds, ) Tj ET Q q 0 0 0 rg BT 532.00 313.10 Td (Iridium ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 301.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.94 301.10 Td (other ) Tj ET Q q 0 0 0 rg BT 89.99 301.10 Td (investments, ) Tj ET Q q 0 0 0 rg BT 142.76 301.10 Td (\(ii\)profit ) Tj ET Q q 0 0 0 rg BT 182.19 301.10 Td (overrides ) Tj ET Q q 0 0 0 rg BT 221.90 301.10 Td (from ) Tj ET Q q 0 0 0 rg BT 243.84 301.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 273.54 301.10 Td (merchant ) Tj ET Q q 0 0 0 rg BT 313.24 301.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 347.96 301.10 Td (funds, ) Tj ET Q q 0 0 0 rg BT 375.18 301.10 Td (if ) Tj ET Q q 0 0 0 rg BT 383.79 301.10 Td (any) Tj ET Q q 0 0 0 rg BT 397.58 301.10 Td (, ) Tj ET Q q 0 0 0 rg BT 402.58 301.10 Td (and ) Tj ET Q q 0 0 0 rg BT 419.52 301.10 Td (\(iii\)interest ) Tj ET Q q 0 0 0 rg BT 468.95 301.10 Td (income. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 280.10 Td (The ) Tj ET Q q 0 0 0 rg BT 95.50 280.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 137.33 280.10 Td (recognizes ) Tj ET Q q 0 0 0 rg BT 183.04 280.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 217.64 280.10 Td (on ) Tj ET Q q 0 0 0 rg BT 230.59 280.10 Td (its ) Tj ET Q q 0 0 0 rg BT 242.99 280.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 293.71 280.10 Td (in ) Tj ET Q q 0 0 0 rg BT 304.44 280.10 Td (merchant ) Tj ET Q q 0 0 0 rg BT 344.59 280.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 379.76 280.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 404.93 280.10 Td (based ) Tj ET Q q 0 0 0 rg BT 430.65 280.10 Td (on ) Tj ET Q q 0 0 0 rg BT 443.60 280.10 Td (its ) Tj ET Q q 0 0 0 rg BT 456.00 280.10 Td (allocable ) Tj ET Q q 0 0 0 rg BT 495.04 280.10 Td (share ) Tj ET Q q 0 0 0 rg BT 519.09 280.10 Td (of ) Tj ET Q q 0 0 0 rg BT 530.37 280.10 Td (realized ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 268.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.55 268.10 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 112.30 268.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 136.53 268.10 Td (\(or ) Tj ET Q q 0 0 0 rg BT 151.30 268.10 Td (losses\) ) Tj ET Q q 0 0 0 rg BT 181.63 268.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 218.06 268.10 Td (by ) Tj ET Q q 0 0 0 rg BT 231.17 268.10 Td (such ) Tj ET Q q 0 0 0 rg BT 252.62 268.10 Td (funds. ) Tj ET Q q 0 0 0 rg BT 280.23 268.10 Td (The ) Tj ET Q q 0 0 0 rg BT 298.89 268.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 340.89 268.10 Td (recognizes ) Tj ET Q q 0 0 0 rg BT 386.75 268.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 421.51 268.10 Td (on ) Tj ET Q q 0 0 0 rg BT 434.62 268.10 Td (its ) Tj ET Q q 0 0 0 rg BT 447.18 268.10 Td (other ) Tj ET Q q 0 0 0 rg BT 470.84 268.10 Td (investments, ) Tj ET Q q 0 0 0 rg BT 524.23 268.10 Td (including ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 256.10 Td (Iridium, ) Tj ET Q q 0 0 0 rg BT 85.20 256.10 Td (which ) Tj ET Q q 0 0 0 rg BT 112.34 256.10 Td (considers ) Tj ET Q q 0 0 0 rg BT 152.81 256.10 Td (the ) Tj ET Q q 0 0 0 rg BT 167.73 256.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 215.01 256.10 Td (influence ) Tj ET Q q 0 0 0 rg BT 254.91 256.10 Td (or ) Tj ET Q q 0 0 0 rg BT 265.94 256.10 Td (control ) Tj ET Q q 0 0 0 rg BT 296.97 256.10 Td (of ) Tj ET Q q 0 0 0 rg BT 308.00 256.10 Td (the ) Tj ET Q q 0 0 0 rg BT 322.92 256.10 Td (investee, ) Tj ET Q q 0 0 0 rg BT 360.89 256.10 Td (based ) Tj ET Q q 0 0 0 rg BT 386.36 256.10 Td (on ) Tj ET Q q 0 0 0 rg BT 399.06 256.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 422.87 256.10 Td (and ) Tj ET Q q 0 0 0 rg BT 440.01 256.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 466.60 256.10 Td (on ) Tj ET Q q 0 0 0 rg BT 479.30 256.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 525.89 256.10 Td (positions ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 244.10 Td (held, ) Tj ET Q q 0 0 0 rg BT 71.92 244.10 Td (which ) Tj ET Q q 0 0 0 rg BT 98.56 244.10 Td (arise ) Tj ET Q q 0 0 0 rg BT 119.64 244.10 Td (from ) Tj ET Q q 0 0 0 rg BT 141.29 244.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 162.93 244.10 Td (or ) Tj ET Q q 0 0 0 rg BT 173.46 244.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 207.87 244.10 Td (in ) Tj ET Q q 0 0 0 rg BT 217.85 244.10 Td (the ) Tj ET Q q 0 0 0 rg BT 232.27 244.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 248.35 244.10 Td (value ) Tj ET Q q 0 0 0 rg BT 272.21 244.10 Td (of ) Tj ET Q q 0 0 0 rg BT 282.75 244.10 Td (investments. ) Tj ET Q q 0 0 0 rg BT 335.06 244.10 Td (The ) Tj ET Q q 0 0 0 rg BT 352.81 244.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 385.01 244.10 Td (of ) Tj ET Q q 0 0 0 rg BT 395.55 244.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 418.86 244.10 Td (or ) Tj ET Q q 0 0 0 rg BT 429.39 244.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 455.49 244.10 Td (are ) Tj ET Q q 0 0 0 rg BT 469.90 244.10 Td (not ) Tj ET Q q 0 0 0 rg BT 484.88 244.10 Td (predictable ) Tj ET Q q 0 0 0 rg BT 531.50 244.10 Td (and ) Tj ET Q q 0 0 0 rg BT 548.15 244.10 Td (can ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 232.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 74.71 232.10 Td (periodic ) Tj ET Q q 0 0 0 rg BT 109.97 232.10 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 159.68 232.10 Td (in ) Tj ET Q q 0 0 0 rg BT 169.96 232.10 Td (net ) Tj ET Q q 0 0 0 rg BT 184.68 232.10 Td (income ) Tj ET Q q 0 0 0 rg BT 216.61 232.10 Td (and ) Tj ET Q q 0 0 0 rg BT 233.55 232.10 Td (therefore ) Tj ET Q q 0 0 0 rg BT 272.13 232.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 302.96 232.10 Td (the ) Tj ET Q q 0 0 0 rg BT 317.68 232.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 359.06 232.10 Td (to ) Tj ET Q q 0 0 0 rg BT 369.34 232.10 Td (market ) Tj ET Q q 0 0 0 rg BT 399.60 232.10 Td (and ) Tj ET Q q 0 0 0 rg BT 416.54 232.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 441.81 232.10 Td (risk. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.50 211.10 Td (If ) Tj ET Q q 0 0 0 rg BT 90.68 211.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 120.41 211.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 157.92 211.10 Td (returns ) Tj ET Q q 0 0 0 rg BT 188.21 211.10 Td (are ) Tj ET Q q 0 0 0 rg BT 202.94 211.10 Td (achieved ) Tj ET Q q 0 0 0 rg BT 241.00 211.10 Td (over ) Tj ET Q q 0 0 0 rg BT 261.29 211.10 Td (the ) Tj ET Q q 0 0 0 rg BT 276.03 211.10 Td (life ) Tj ET Q q 0 0 0 rg BT 291.88 211.10 Td (of ) Tj ET Q q 0 0 0 rg BT 302.74 211.10 Td (a ) Tj ET Q q 0 0 0 rg BT 309.70 211.10 Td (merchant ) Tj ET Q q 0 0 0 rg BT 349.42 211.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 384.17 211.10 Td (fund, ) Tj ET Q q 0 0 0 rg BT 407.52 211.10 Td (the ) Tj ET Q q 0 0 0 rg BT 422.26 211.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 463.67 211.10 Td (may ) Tj ET Q q 0 0 0 rg BT 483.41 211.10 Td (recognize ) Tj ET Q q 0 0 0 rg BT 524.80 211.10 Td (merchant ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 199.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 85.84 199.10 Td (profit ) Tj ET Q q 0 0 0 rg BT 111.69 199.10 Td (overrides ) Tj ET Q q 0 0 0 rg BT 152.52 199.10 Td (at ) Tj ET Q q 0 0 0 rg BT 163.37 199.10 Td (the ) Tj ET Q q 0 0 0 rg BT 179.21 199.10 Td (time ) Tj ET Q q 0 0 0 rg BT 200.61 199.10 Td (that ) Tj ET Q q 0 0 0 rg BT 219.23 199.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 250.06 199.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 288.67 199.10 Td (returns ) Tj ET Q q 0 0 0 rg BT 320.06 199.10 Td (are ) Tj ET Q q 0 0 0 rg BT 335.90 199.10 Td (achieved. ) Tj ET Q q 0 0 0 rg BT 377.56 199.10 Td (Profit ) Tj ET Q q 0 0 0 rg BT 403.96 199.10 Td (overrides ) Tj ET Q q 0 0 0 rg BT 444.80 199.10 Td (are ) Tj ET Q q 0 0 0 rg BT 460.63 199.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 501.46 199.10 Td (calculated ) Tj ET Q q 0 0 0 rg BT 545.61 199.10 Td (as ) Tj ET Q q 0 0 0 rg BT 557.57 199.10 Td (a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 187.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 95.09 187.10 Td (of ) Tj ET Q q 0 0 0 rg BT 105.21 187.10 Td (the ) Tj ET Q q 0 0 0 rg BT 119.22 187.10 Td (profits ) Tj ET Q q 0 0 0 rg BT 147.12 187.10 Td (over ) Tj ET Q q 0 0 0 rg BT 166.68 187.10 Td (a ) Tj ET Q q 0 0 0 rg BT 172.92 187.10 Td (specified ) Tj ET Q q 0 0 0 rg BT 210.80 187.10 Td (threshold ) Tj ET Q q 0 0 0 rg BT 249.81 187.10 Td (earned ) Tj ET Q q 0 0 0 rg BT 278.25 187.10 Td (by ) Tj ET Q q 0 0 0 rg BT 290.04 187.10 Td (each ) Tj ET Q q 0 0 0 rg BT 310.15 187.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 330.27 187.10 Td (on ) Tj ET Q q 0 0 0 rg BT 342.06 187.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 391.63 187.10 Td (managed ) Tj ET Q q 0 0 0 rg BT 429.51 187.10 Td (on ) Tj ET Q q 0 0 0 rg BT 441.30 187.10 Td (behalf ) Tj ET Q q 0 0 0 rg BT 468.08 187.10 Td (of ) Tj ET Q q 0 0 0 rg BT 478.20 187.10 Td (unaf) Tj ET Q q 0 0 0 rg BT 495.79 187.10 Td (filiated ) Tj ET Q q 0 0 0 rg BT 525.90 187.10 Td (investors ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 175.10 Td (except ) Tj ET Q q 0 0 0 rg BT 79.69 175.10 Td (the ) Tj ET Q q 0 0 0 rg BT 95.51 175.10 Td (Company) Tj ET Q q 0 0 0 rg BT 133.75 175.10 Td (. ) Tj ET Q q 0 0 0 rg BT 139.58 175.10 Td (The ) Tj ET Q q 0 0 0 rg BT 158.73 175.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 201.21 175.10 Td (may ) Tj ET Q q 0 0 0 rg BT 222.03 175.10 Td (be ) Tj ET Q q 0 0 0 rg BT 235.07 175.10 Td (required ) Tj ET Q q 0 0 0 rg BT 271.98 175.10 Td (to ) Tj ET Q q 0 0 0 rg BT 283.36 175.10 Td (repay ) Tj ET Q q 0 0 0 rg BT 309.16 175.10 Td (a ) Tj ET Q q 0 0 0 rg BT 317.20 175.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 349.69 175.10 Td (of ) Tj ET Q q 0 0 0 rg BT 361.61 175.10 Td (the ) Tj ET Q q 0 0 0 rg BT 377.43 175.10 Td (overrides ) Tj ET Q q 0 0 0 rg BT 418.24 175.10 Td (it ) Tj ET Q q 0 0 0 rg BT 427.39 175.10 Td (realized ) Tj ET Q q 0 0 0 rg BT 462.63 175.10 Td (in ) Tj ET Q q 0 0 0 rg BT 474.01 175.10 Td (the ) Tj ET Q q 0 0 0 rg BT 489.82 175.10 Td (event ) Tj ET Q q 0 0 0 rg BT 515.08 175.10 Td (a ) Tj ET Q q 0 0 0 rg BT 523.11 175.10 Td (minimum ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 163.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 104.66 163.10 Td (level ) Tj ET Q q 0 0 0 rg BT 128.24 163.10 Td (is ) Tj ET Q q 0 0 0 rg BT 139.05 163.10 Td (not ) Tj ET Q q 0 0 0 rg BT 155.97 163.10 Td (achieved ) Tj ET Q q 0 0 0 rg BT 195.64 163.10 Td (by ) Tj ET Q q 0 0 0 rg BT 209.79 163.10 Td (the ) Tj ET Q q 0 0 0 rg BT 226.14 163.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 248.62 163.10 Td (as ) Tj ET Q q 0 0 0 rg BT 261.09 163.10 Td (a ) Tj ET Q q 0 0 0 rg BT 269.67 163.10 Td (whole ) Tj ET Q q 0 0 0 rg BT 298.25 163.10 Td (\(we ) Tj ET Q q 0 0 0 rg BT 317.38 163.10 Td (refer ) Tj ET Q q 0 0 0 rg BT 340.39 163.10 Td (to ) Tj ET Q q 0 0 0 rg BT 352.31 163.10 Td (these ) Tj ET Q q 0 0 0 rg BT 377.00 163.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 416.13 163.10 Td (repayments ) Tj ET Q q 0 0 0 rg BT 466.36 163.10 Td (as ) Tj ET Q q 0 0 0 rg BT 478.84 163.10 Td (clawbacks\). ) Tj ET Q q 0 0 0 rg BT 538.42 163.10 Td (As ) Tj ET Q q 0 0 0 rg BT 553.67 163.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 151.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 110.05 151.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 130.05 151.10 Td (, ) Tj ET Q q 0 0 0 rg BT 134.84 151.10 Td (the ) Tj ET Q q 0 0 0 rg BT 149.34 151.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 190.52 151.10 Td (believes ) Tj ET Q q 0 0 0 rg BT 225.57 151.10 Td (it ) Tj ET Q q 0 0 0 rg BT 233.41 151.10 Td (is ) Tj ET Q q 0 0 0 rg BT 242.37 151.10 Td (more ) Tj ET Q q 0 0 0 rg BT 265.21 151.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 290.27 151.10 Td (than ) Tj ET Q q 0 0 0 rg BT 309.77 151.10 Td (not ) Tj ET Q q 0 0 0 rg BT 324.84 151.10 Td (that ) Tj ET Q q 0 0 0 rg BT 342.12 151.10 Td (the ) Tj ET Q q 0 0 0 rg BT 356.62 151.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 388.91 151.10 Td (of ) Tj ET Q q 0 0 0 rg BT 399.52 151.10 Td (profit ) Tj ET Q q 0 0 0 rg BT 424.03 151.10 Td (overrides ) Tj ET Q q 0 0 0 rg BT 463.52 151.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 509.67 151.10 Td (as ) Tj ET Q q 0 0 0 rg BT 520.29 151.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 554.22 151.10 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 139.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 71.69 139.10 Td (periods, ) Tj ET Q q 0 0 0 rg BT 105.88 139.10 Td (which ) Tj ET Q q 0 0 0 rg BT 132.57 139.10 Td (relates ) Tj ET Q q 0 0 0 rg BT 160.92 139.10 Td (solely ) Tj ET Q q 0 0 0 rg BT 187.06 139.10 Td (to ) Tj ET Q q 0 0 0 rg BT 197.09 139.10 Td (its ) Tj ET Q q 0 0 0 rg BT 208.79 139.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 240.48 139.10 Td (in ) Tj ET Q q 0 0 0 rg BT 250.51 139.10 Td (GCP) Tj ET Q q 0 0 0 rg BT 269.59 139.10 Td ( ) Tj ET Q q 0 0 0 rg BT 271.84 139.10 Td (I, ) Tj ET Q q 0 0 0 rg BT 279.92 139.10 Td (will ) Tj ET Q q 0 0 0 rg BT 297.73 139.10 Td (be ) Tj ET Q q 0 0 0 rg BT 309.42 139.10 Td (realized ) Tj ET Q q 0 0 0 rg BT 343.32 139.10 Td (and ) Tj ET Q q 0 0 0 rg BT 360.01 139.10 Td (accordingly) Tj ET Q q 0 0 0 rg BT 406.56 139.10 Td (, ) Tj ET Q q 0 0 0 rg BT 411.31 139.10 Td (the ) Tj ET Q q 0 0 0 rg BT 425.78 139.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 466.92 139.10 Td (has ) Tj ET Q q 0 0 0 rg BT 482.50 139.10 Td (not ) Tj ET Q q 0 0 0 rg BT 497.53 139.10 Td (reserved ) Tj ET Q q 0 0 0 rg BT 533.65 139.10 Td (for ) Tj ET Q q 0 0 0 rg BT 547.57 139.10 Td (any ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 127.10 Td (clawback ) Tj ET Q q 0 0 0 rg BT 90.25 127.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 137.20 127.10 Td (under ) Tj ET Q q 0 0 0 rg BT 162.47 127.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 206.05 127.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 226.88 127.10 Td (agreements. ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 73.62 106.10 Td (and ) Tj ET Q q 0 0 0 rg BT 91.68 106.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 115.31 106.10 Td (Equivalents) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 89.10 Td (The ) Tj ET Q q 0 0 0 rg BT 91.53 89.10 Td (Company) Tj ET Q q 0 0 0 rg BT 133.19 89.10 Td (s ) Tj ET Q q 0 0 0 rg BT 139.07 89.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 158.82 89.10 Td (and ) Tj ET Q q 0 0 0 rg BT 175.24 89.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 194.99 89.10 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 242.52 89.10 Td (consist ) Tj ET Q q 0 0 0 rg BT 272.28 89.10 Td (of ) Tj ET Q q 0 0 0 rg BT 282.59 89.10 Td (\(i\)cash ) Tj ET Q q 0 0 0 rg BT 314.28 89.10 Td (held ) Tj ET Q q 0 0 0 rg BT 333.48 89.10 Td (on ) Tj ET Q q 0 0 0 rg BT 345.46 89.10 Td (deposit ) Tj ET Q q 0 0 0 rg BT 376.33 89.10 Td (with ) Tj ET Q q 0 0 0 rg BT 396.09 89.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 433.05 89.10 Td (institutions, ) Tj ET Q q 0 0 0 rg BT 481.99 89.10 Td (\(ii\)cash ) Tj ET Q q 0 0 0 rg BT 516.46 89.10 Td (equivalents ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 77.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.94 77.10 Td (\(iii\)restricted ) Tj ET Q q 0 0 0 rg BT 124.14 77.10 Td (cash.) Tj ET Q endstream endobj 23 0 obj <> endobj 24 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.15 31.60 Td (1) Tj ET Q q 0 0 0 rg BT 305.78 31.60 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 742.10 Td (At ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 87.89 742.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 149.54 742.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 169.54 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 173.44 742.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 191.76 742.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 251.74 742.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 271.74 742.10 Td (, ) Tj ET Q q 0 0 0 rg BT 278.13 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 294.24 742.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 337.01 742.10 Td (had ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 355.34 742.10 Td ($30.3 ) Tj ET Q q 0 0 0 rg BT 381.73 742.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 410.63 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 414.52 742.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 432.85 742.10 Td ($50.3 ) Tj ET Q q 0 0 0 rg BT 459.24 742.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 488.13 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 492.02 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 504.24 742.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 525.90 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 544.23 742.10 Td (cash ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (equivalents. ) Tj ET Q q 0 0 0 rg BT 100.32 730.10 Td (The ) Tj ET Q q 0 0 0 rg BT 118.33 730.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 159.67 730.10 Td (considers ) Tj ET Q q 0 0 0 rg BT 199.90 730.10 Td (all ) Tj ET Q q 0 0 0 rg BT 212.35 730.10 Td (highly ) Tj ET Q q 0 0 0 rg BT 240.36 730.10 Td (liquid ) Tj ET Q q 0 0 0 rg BT 266.16 730.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 316.39 730.10 Td (with ) Tj ET Q q 0 0 0 rg BT 336.62 730.10 Td (a ) Tj ET Q q 0 0 0 rg BT 343.52 730.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 379.86 730.10 Td (date ) Tj ET Q q 0 0 0 rg BT 398.97 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 409.76 730.10 Td (three ) Tj ET Q q 0 0 0 rg BT 432.20 730.10 Td (months ) Tj ET Q q 0 0 0 rg BT 464.11 730.10 Td (or ) Tj ET Q q 0 0 0 rg BT 474.89 730.10 Td (less, ) Tj ET Q q 0 0 0 rg BT 494.85 730.10 Td (when ) Tj ET Q q 0 0 0 rg BT 518.97 730.10 Td (purchased, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.99 718.10 Td (be ) Tj ET Q q 0 0 0 rg BT 71.64 718.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 91.62 718.10 Td (equivalents. ) Tj ET Q q 0 0 0 rg BT 141.88 718.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 164.09 718.10 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 211.84 718.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 251.26 718.10 Td (consist ) Tj ET Q q 0 0 0 rg BT 281.25 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 291.80 718.10 Td (money ) Tj ET Q q 0 0 0 rg BT 321.23 718.10 Td (market ) Tj ET Q q 0 0 0 rg BT 351.20 718.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 375.63 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 392.29 718.10 Td (overnight ) Tj ET Q q 0 0 0 rg BT 432.82 718.10 Td (deposits. ) Tj ET Q q 0 0 0 rg BT 469.82 718.10 Td (At ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 482.04 718.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 542.01 718.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 562.01 718.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.29 706.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 128.22 706.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 148.22 706.10 Td (, ) Tj ET Q q 0 0 0 rg BT 154.57 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 170.64 706.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 207.80 706.10 Td (value ) Tj ET Q q 0 0 0 rg BT 233.31 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 245.49 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 261.55 706.10 Td (Company) Tj ET Q q 0 0 0 rg BT 303.22 706.10 Td (s ) Tj ET Q q 0 0 0 rg BT 310.96 706.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 332.58 706.10 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 381.97 706.10 Td (amounted ) Tj ET Q q 0 0 0 rg BT 425.25 706.10 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 436.88 706.10 Td ($6.8 ) Tj ET Q q 0 0 0 rg BT 458.23 706.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 487.12 706.10 Td ( ) Tj ET Q q 0 0 0 rg BT 490.97 706.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 509.26 706.10 Td ($4.5 ) Tj ET Q q 0 0 0 rg BT 530.61 706.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 559.50 706.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.66 694.10 Td (, ) Tj ET Q q 0 0 0 rg BT 102.66 694.10 Td (which ) Tj ET Q q 0 0 0 rg BT 129.60 694.10 Td (approximated ) Tj ET Q q 0 0 0 rg BT 187.08 694.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 203.46 694.10 Td (value, ) Tj ET Q q 0 0 0 rg BT 230.11 694.10 Td (and ) Tj ET Q q 0 0 0 rg BT 247.05 694.10 Td (are ) Tj ET Q q 0 0 0 rg BT 261.76 694.10 Td (included ) Tj ET Q q 0 0 0 rg BT 298.69 694.10 Td (in ) Tj ET Q q 0 0 0 rg BT 308.97 694.10 Td (total ) Tj ET Q q 0 0 0 rg BT 329.24 694.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 349.51 694.10 Td (and ) Tj ET Q q 0 0 0 rg BT 366.45 694.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 386.72 694.10 Td (equivalents.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 673.10 Td (Also ) Tj ET Q q 0 0 0 rg BT 95.40 673.10 Td (included ) Tj ET Q q 0 0 0 rg BT 132.34 673.10 Td (in ) Tj ET Q q 0 0 0 rg BT 142.62 673.10 Td (the ) Tj ET Q q 0 0 0 rg BT 157.35 673.10 Td (total ) Tj ET Q q 0 0 0 rg BT 177.63 673.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 197.90 673.10 Td (and ) Tj ET Q q 0 0 0 rg BT 214.85 673.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 235.12 673.10 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 283.17 673.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 316.21 673.10 Td (at ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 325.93 673.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 386.20 673.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 406.20 673.10 Td ( ) Tj ET Q q 0 0 0 rg BT 408.71 673.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 425.65 673.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 484.24 673.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 504.24 673.10 Td ( ) Tj ET Q q 0 0 0 rg BT 506.75 673.10 Td (was ) Tj ET Q q 0 0 0 rg BT 524.81 673.10 Td (restricted ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 661.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 70.15 661.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 80.85 661.10 Td ($5.2 ) Tj ET Q q 0 0 0 rg BT 100.73 661.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 129.62 661.10 Td ( ) Tj ET Q q 0 0 0 rg BT 132.00 661.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 148.81 661.10 Td ($7.1 ) Tj ET Q q 0 0 0 rg BT 168.69 661.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 197.58 661.10 Td (, ) Tj ET Q q 0 0 0 rg BT 202.46 661.10 Td (respectively ) Tj ET Q q 0 0 0 rg BT 253.15 661.10 Td (\(including ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 296.63 661.10 Td ($0.9 ) Tj ET Q q 0 0 0 rg BT 316.50 661.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 345.40 661.10 Td ( ) Tj ET Q q 0 0 0 rg BT 347.77 661.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 364.59 661.10 Td ($2.6 ) Tj ET Q q 0 0 0 rg BT 384.46 661.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 413.36 661.10 Td ( ) Tj ET Q q 0 0 0 rg BT 415.73 661.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 455.31 661.10 Td (for ) Tj ET Q q 0 0 0 rg BT 469.35 661.10 Td (the ) Tj ET Q q 0 0 0 rg BT 483.94 661.10 Td (payout ) Tj ET Q q 0 0 0 rg BT 513.54 661.10 Td (of ) Tj ET Q q 0 0 0 rg BT 524.24 661.10 Td (Greenhill ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 649.10 Td (Australia's ) Tj ET Q q 0 0 0 rg BT 94.85 649.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 130.65 649.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 188.70 649.10 Td (plan, ) Tj ET Q q 0 0 0 rg BT 210.91 649.10 Td (respectively\). ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 628.10 Td (The ) Tj ET Q q 0 0 0 rg BT 93.03 628.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 135.40 628.10 Td (maintains ) Tj ET Q q 0 0 0 rg BT 177.77 628.10 Td (its ) Tj ET Q q 0 0 0 rg BT 190.71 628.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 211.96 628.10 Td (and ) Tj ET Q q 0 0 0 rg BT 229.88 628.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 251.14 628.10 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 300.16 628.10 Td (with ) Tj ET Q q 0 0 0 rg BT 321.43 628.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 359.89 628.10 Td (institutions ) Tj ET Q q 0 0 0 rg BT 407.83 628.10 Td (with ) Tj ET Q q 0 0 0 rg BT 429.10 628.10 Td (high ) Tj ET Q q 0 0 0 rg BT 450.36 628.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 476.61 628.10 Td (ratings. ) Tj ET Q q 0 0 0 rg BT 509.81 628.10 Td (Management ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 616.10 Td (believes ) Tj ET Q q 0 0 0 rg BT 85.59 616.10 Td (that ) Tj ET Q q 0 0 0 rg BT 103.41 616.10 Td (the ) Tj ET Q q 0 0 0 rg BT 118.46 616.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 160.17 616.10 Td (is ) Tj ET Q q 0 0 0 rg BT 169.67 616.10 Td (not ) Tj ET Q q 0 0 0 rg BT 185.27 616.10 Td (exposed ) Tj ET Q q 0 0 0 rg BT 220.87 616.10 Td (to ) Tj ET Q q 0 0 0 rg BT 231.47 616.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 276.51 616.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 302.10 616.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 319.93 616.10 Td (due ) Tj ET Q q 0 0 0 rg BT 337.20 616.10 Td (to ) Tj ET Q q 0 0 0 rg BT 347.80 616.10 Td (the ) Tj ET Q q 0 0 0 rg BT 362.85 616.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 400.65 616.10 Td (position ) Tj ET Q q 0 0 0 rg BT 435.71 616.10 Td (of ) Tj ET Q q 0 0 0 rg BT 446.87 616.10 Td (the ) Tj ET Q q 0 0 0 rg BT 461.91 616.10 Td (depository ) Tj ET Q q 0 0 0 rg BT 506.95 616.10 Td (institutions ) Tj ET Q q 0 0 0 rg BT 554.23 616.10 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 604.10 Td (which ) Tj ET Q q 0 0 0 rg BT 76.94 604.10 Td (those ) Tj ET Q q 0 0 0 rg BT 100.55 604.10 Td (deposits ) Tj ET Q q 0 0 0 rg BT 135.83 604.10 Td (are ) Tj ET Q q 0 0 0 rg BT 150.53 604.10 Td (held.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 50.00 578.10 Td (Advisory ) Tj ET Q q 0 0 0 rg BT 88.61 578.10 Td (Fees ) Tj ET Q q 0 0 0 rg BT 110.55 578.10 Td (Receivables) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 561.10 Td (Receivables ) Tj ET Q q 0 0 0 rg BT 125.11 561.10 Td (are ) Tj ET Q q 0 0 0 rg BT 140.11 561.10 Td (stated ) Tj ET Q q 0 0 0 rg BT 166.23 561.10 Td (net ) Tj ET Q q 0 0 0 rg BT 181.25 561.10 Td (of ) Tj ET Q q 0 0 0 rg BT 192.37 561.10 Td (an ) Tj ET Q q 0 0 0 rg BT 204.61 561.10 Td (allowance ) Tj ET Q q 0 0 0 rg BT 247.94 561.10 Td (for ) Tj ET Q q 0 0 0 rg BT 262.40 561.10 Td (doubtful ) Tj ET Q q 0 0 0 rg BT 299.08 561.10 Td (accounts. ) Tj ET Q q 0 0 0 rg BT 339.16 561.10 Td (The ) Tj ET Q q 0 0 0 rg BT 357.50 561.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 393.62 561.10 Td (for ) Tj ET Q q 0 0 0 rg BT 408.08 561.10 Td (the ) Tj ET Q q 0 0 0 rg BT 423.09 561.10 Td (allowance ) Tj ET Q q 0 0 0 rg BT 466.42 561.10 Td (for ) Tj ET Q q 0 0 0 rg BT 480.88 561.10 Td (doubtful ) Tj ET Q q 0 0 0 rg BT 517.56 561.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 555.34 561.10 Td (is ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 549.10 Td (derived ) Tj ET Q q 0 0 0 rg BT 81.48 549.10 Td (by ) Tj ET Q q 0 0 0 rg BT 92.98 549.10 Td (the ) Tj ET Q q 0 0 0 rg BT 106.70 549.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 147.08 549.10 Td (by ) Tj ET Q q 0 0 0 rg BT 158.58 549.10 Td (utilizing ) Tj ET Q q 0 0 0 rg BT 193.41 549.10 Td (past ) Tj ET Q q 0 0 0 rg BT 211.01 549.10 Td (client ) Tj ET Q q 0 0 0 rg BT 234.72 549.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 280.09 549.10 Td (history ) Tj ET Q q 0 0 0 rg BT 309.37 549.10 Td (and ) Tj ET Q q 0 0 0 rg BT 325.31 549.10 Td (an ) Tj ET Q q 0 0 0 rg BT 336.24 549.10 Td (assessment ) Tj ET Q q 0 0 0 rg BT 382.18 549.10 Td (of ) Tj ET Q q 0 0 0 rg BT 392.01 549.10 Td (the ) Tj ET Q q 0 0 0 rg BT 405.72 549.10 Td (client) Tj ET Q q 0 0 0 rg BT 430.71 549.10 Td (s ) Tj ET Q q 0 0 0 rg BT 436.10 549.10 Td (creditworthiness. ) Tj ET Q q 0 0 0 rg BT 506.09 549.10 Td (The ) Tj ET Q q 0 0 0 rg BT 523.13 549.10 Td (Company ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 537.10 Td (did ) Tj ET Q q 0 0 0 rg BT 65.28 537.10 Td (not ) Tj ET Q q 0 0 0 rg BT 80.56 537.10 Td (record ) Tj ET Q q 0 0 0 rg BT 108.59 537.10 Td (a ) Tj ET Q q 0 0 0 rg BT 115.53 537.10 Td (char) Tj ET Q q 0 0 0 rg BT 132.56 537.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 144.50 537.10 Td (for ) Tj ET Q q 0 0 0 rg BT 158.66 537.10 Td (bad ) Tj ET Q q 0 0 0 rg BT 175.60 537.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 195.31 537.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 230.02 537.10 Td (for ) Tj ET Q q 0 0 0 rg BT 244.18 537.10 Td (either ) Tj ET Q q 0 0 0 rg BT 269.44 537.10 Td (of ) Tj ET Q q 0 0 0 rg BT 280.27 537.10 Td (the ) Tj ET Q q 0 0 0 rg BT 294.99 537.10 Td (three ) Tj ET Q q 0 0 0 rg BT 317.48 537.10 Td (or ) Tj ET Q q 0 0 0 rg BT 328.31 537.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 348.02 537.10 Td (month ) Tj ET Q q 0 0 0 rg BT 376.08 537.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 408.02 537.10 Td (ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 434.39 537.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 494.66 537.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 514.66 537.10 Td ( ) Tj ET Q q 0 0 0 rg BT 517.16 537.10 Td (or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 527.99 537.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 547.99 537.10 Td (. ) Tj ET Q q 0 0 0 rg BT 552.99 537.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 516.10 Td (Included ) Tj ET Q q 0 0 0 rg BT 112.12 516.10 Td (in ) Tj ET Q q 0 0 0 rg BT 123.03 516.10 Td (the ) Tj ET Q q 0 0 0 rg BT 138.38 516.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 175.95 516.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 195.18 516.10 Td (receivable ) Tj ET Q q 0 0 0 rg BT 239.39 516.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 273.06 516.10 Td (at ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 283.40 516.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 344.30 516.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 364.30 516.10 Td ( ) Tj ET Q q 0 0 0 rg BT 367.43 516.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 385.00 516.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 444.22 516.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 464.22 516.10 Td ( ) Tj ET Q q 0 0 0 rg BT 467.35 516.10 Td (were ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 489.91 516.10 Td ($24.9 ) Tj ET Q q 0 0 0 rg BT 515.55 516.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 544.44 516.10 Td ( ) Tj ET Q q 0 0 0 rg BT 547.57 516.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 504.10 Td ($28.1 ) Tj ET Q q 0 0 0 rg BT 74.76 504.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 103.65 504.10 Td (, ) Tj ET Q q 0 0 0 rg BT 108.41 504.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 156.07 504.10 Td (, ) Tj ET Q q 0 0 0 rg BT 160.83 504.10 Td (of ) Tj ET Q q 0 0 0 rg BT 171.42 504.10 Td (long ) Tj ET Q q 0 0 0 rg BT 191.45 504.10 Td (term ) Tj ET Q q 0 0 0 rg BT 212.04 504.10 Td (receivables ) Tj ET Q q 0 0 0 rg BT 259.27 504.10 Td (related ) Tj ET Q q 0 0 0 rg BT 288.73 504.10 Td (to ) Tj ET Q q 0 0 0 rg BT 298.76 504.10 Td (private ) Tj ET Q q 0 0 0 rg BT 328.78 504.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 356.04 504.10 Td (and ) Tj ET Q q 0 0 0 rg BT 372.73 504.10 Td (real ) Tj ET Q q 0 0 0 rg BT 389.98 504.10 Td (estate ) Tj ET Q q 0 0 0 rg BT 415.00 504.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 443.91 504.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 480.61 504.10 Td (engagements, ) Tj ET Q q 0 0 0 rg BT 537.57 504.10 Td (which ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 492.10 Td (are ) Tj ET Q q 0 0 0 rg BT 64.36 492.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 103.72 492.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 123.09 492.10 Td (in ) Tj ET Q q 0 0 0 rg BT 133.02 492.10 Td (installments ) Tj ET Q q 0 0 0 rg BT 183.51 492.10 Td (over ) Tj ET Q q 0 0 0 rg BT 203.43 492.10 Td (a ) Tj ET Q q 0 0 0 rg BT 210.02 492.10 Td (period ) Tj ET Q q 0 0 0 rg BT 237.73 492.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 248.21 492.10 Td (three ) Tj ET Q q 0 0 0 rg BT 270.35 492.10 Td (years) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 291.45 492.10 Td (. ) Tj ET Q q 0 0 0 rg BT 296.10 492.10 Td ( ) Tj ET Q q 0 0 0 rg BT 298.26 492.10 Td (Included ) Tj ET Q q 0 0 0 rg BT 335.40 492.10 Td (as ) Tj ET Q q 0 0 0 rg BT 345.88 492.10 Td (a ) Tj ET Q q 0 0 0 rg BT 352.48 492.10 Td (component ) Tj ET Q q 0 0 0 rg BT 399.07 492.10 Td (of ) Tj ET Q q 0 0 0 rg BT 409.55 492.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 455.59 492.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 493.28 492.10 Td (on ) Tj ET Q q 0 0 0 rg BT 505.43 492.10 Td (the ) Tj ET Q q 0 0 0 rg BT 519.81 492.10 Td (condensed ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 480.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 102.79 480.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 147.25 480.10 Td (of ) Tj ET Q q 0 0 0 rg BT 157.83 480.10 Td (income ) Tj ET Q q 0 0 0 rg BT 189.51 480.10 Td (is ) Tj ET Q q 0 0 0 rg BT 198.43 480.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 230.11 480.10 Td (income ) Tj ET Q q 0 0 0 rg BT 261.79 480.10 Td (related ) Tj ET Q q 0 0 0 rg BT 291.25 480.10 Td (to ) Tj ET Q q 0 0 0 rg BT 301.27 480.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 330.17 480.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 366.86 480.10 Td (engagements ) Tj ET Q q 0 0 0 rg BT 421.31 480.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 431.89 480.10 Td ($0.3 ) Tj ET Q q 0 0 0 rg BT 451.64 480.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 480.53 480.10 Td ( ) Tj ET Q q 0 0 0 rg BT 482.78 480.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 499.46 480.10 Td ($0.5 ) Tj ET Q q 0 0 0 rg BT 519.21 480.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.10 480.10 Td ( ) Tj ET Q q 0 0 0 rg BT 550.35 480.10 Td (for ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 468.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.73 468.10 Td (three ) Tj ET Q q 0 0 0 rg BT 87.23 468.10 Td (month ) Tj ET Q q 0 0 0 rg BT 115.30 468.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 147.25 468.10 Td (ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 173.64 468.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 233.92 468.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 253.92 468.10 Td ( ) Tj ET Q q 0 0 0 rg BT 256.43 468.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 273.39 468.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 293.39 468.10 Td (, ) Tj ET Q q 0 0 0 rg BT 298.40 468.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 346.06 468.10 Td (, ) Tj ET Q q 0 0 0 rg BT 351.07 468.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 368.03 468.10 Td ($0.6 ) Tj ET Q q 0 0 0 rg BT 388.04 468.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 416.93 468.10 Td ( ) Tj ET Q q 0 0 0 rg BT 419.45 468.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 436.40 468.10 Td ($0.9 ) Tj ET Q q 0 0 0 rg BT 456.41 468.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 485.30 468.10 Td ( ) Tj ET Q q 0 0 0 rg BT 487.82 468.10 Td (for ) Tj ET Q q 0 0 0 rg BT 501.99 468.10 Td (the ) Tj ET Q q 0 0 0 rg BT 516.72 468.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 536.45 468.10 Td (month ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 456.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 81.94 456.10 Td (ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 108.32 456.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 168.58 456.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 188.58 456.10 Td ( ) Tj ET Q q 0 0 0 rg BT 191.08 456.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 208.02 456.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 228.02 456.10 Td (, ) Tj ET Q q 0 0 0 rg BT 233.02 456.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 280.68 456.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 435.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 101.87 435.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 119.74 435.10 Td (related ) Tj ET Q q 0 0 0 rg BT 149.81 435.10 Td (to ) Tj ET Q q 0 0 0 rg BT 160.46 435.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 197.77 435.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 216.74 435.10 Td (receivable ) Tj ET Q q 0 0 0 rg BT 260.69 435.10 Td (is ) Tj ET Q q 0 0 0 rg BT 270.23 435.10 Td (disbursed ) Tj ET Q q 0 0 0 rg BT 311.43 435.10 Td (across ) Tj ET Q q 0 0 0 rg BT 339.29 435.10 Td (a ) Tj ET Q q 0 0 0 rg BT 346.60 435.10 Td (lar) Tj ET Q q 0 0 0 rg BT 356.97 435.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 369.28 435.10 Td (number ) Tj ET Q q 0 0 0 rg BT 402.70 435.10 Td (of ) Tj ET Q q 0 0 0 rg BT 413.90 435.10 Td (clients ) Tj ET Q q 0 0 0 rg BT 442.87 435.10 Td (located ) Tj ET Q q 0 0 0 rg BT 474.62 435.10 Td (in ) Tj ET Q q 0 0 0 rg BT 485.26 435.10 Td (various ) Tj ET Q q 0 0 0 rg BT 517.57 435.10 Td (geographic ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 423.10 Td (areas. ) Tj ET Q q 0 0 0 rg BT 75.93 423.10 Td ( ) Tj ET Q q 0 0 0 rg BT 78.62 423.10 Td (The ) Tj ET Q q 0 0 0 rg BT 97.06 423.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 138.84 423.10 Td (controls ) Tj ET Q q 0 0 0 rg BT 173.95 423.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 199.61 423.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 217.50 423.10 Td (through ) Tj ET Q q 0 0 0 rg BT 251.51 423.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 277.16 423.10 Td (approvals ) Tj ET Q q 0 0 0 rg BT 318.94 423.10 Td (and ) Tj ET Q q 0 0 0 rg BT 336.27 423.10 Td (monitoring ) Tj ET Q q 0 0 0 rg BT 383.61 423.10 Td (procedures ) Tj ET Q q 0 0 0 rg BT 430.37 423.10 Td (but ) Tj ET Q q 0 0 0 rg BT 446.04 423.10 Td (does ) Tj ET Q q 0 0 0 rg BT 467.27 423.10 Td (not ) Tj ET Q q 0 0 0 rg BT 482.94 423.10 Td (require ) Tj ET Q q 0 0 0 rg BT 514.15 423.10 Td (collateral ) Tj ET Q q 0 0 0 rg BT 554.24 423.10 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 411.10 Td (support ) Tj ET Q q 0 0 0 rg BT 82.50 411.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 119.99 411.10 Td (receivable.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 50.00 385.10 Td (Investments) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 368.60 Td (The ) Tj ET Q q 0 0 0 rg BT 92.78 368.60 Td (Company's ) Tj ET Q q 0 0 0 rg BT 140.58 368.60 Td (investment ) Tj ET Q q 0 0 0 rg BT 187.70 368.60 Td (in ) Tj ET Q q 0 0 0 rg BT 198.70 368.60 Td (Iridium ) Tj ET Q q 0 0 0 rg BT 231.93 368.60 Td (is ) Tj ET Q q 0 0 0 rg BT 241.83 368.60 Td (valued ) Tj ET Q q 0 0 0 rg BT 271.71 368.60 Td (using ) Tj ET Q q 0 0 0 rg BT 296.61 368.60 Td (its ) Tj ET Q q 0 0 0 rg BT 309.29 368.60 Td (quoted ) Tj ET Q q 0 0 0 rg BT 339.73 368.60 Td (market ) Tj ET Q q 0 0 0 rg BT 370.73 368.60 Td (price. ) Tj ET Q q 0 0 0 rg BT 396.21 368.60 Td (The ) Tj ET Q q 0 0 0 rg BT 414.98 368.60 Td (Company's ) Tj ET Q q 0 0 0 rg BT 462.79 368.60 Td (investments ) Tj ET Q q 0 0 0 rg BT 513.79 368.60 Td (in ) Tj ET Q q 0 0 0 rg BT 524.80 368.60 Td (merchant ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 356.60 Td (banking ) Tj ET Q q 0 0 0 rg BT 84.15 356.60 Td (funds ) Tj ET Q q 0 0 0 rg BT 108.31 356.60 Td (are ) Tj ET Q q 0 0 0 rg BT 122.45 356.60 Td (recorded ) Tj ET Q q 0 0 0 rg BT 159.36 356.60 Td (under ) Tj ET Q q 0 0 0 rg BT 184.06 356.60 Td (the ) Tj ET Q q 0 0 0 rg BT 198.21 356.60 Td (equity ) Tj ET Q q 0 0 0 rg BT 225.14 356.60 Td (method ) Tj ET Q q 0 0 0 rg BT 257.07 356.60 Td (of ) Tj ET Q q 0 0 0 rg BT 267.33 356.60 Td (accounting ) Tj ET Q q 0 0 0 rg BT 313.13 356.60 Td (based ) Tj ET Q q 0 0 0 rg BT 337.84 356.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 359.77 356.60 Td (the ) Tj ET Q q 0 0 0 rg BT 373.92 356.60 Td (Company's ) Tj ET Q q 0 0 0 rg BT 420.43 356.60 Td (proportionate ) Tj ET Q q 0 0 0 rg BT 476.24 356.60 Td (share ) Tj ET Q q 0 0 0 rg BT 499.27 356.60 Td (of ) Tj ET Q q 0 0 0 rg BT 509.54 356.60 Td (the ) Tj ET Q q 0 0 0 rg BT 523.69 356.60 Td (estimated ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 344.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 65.96 344.60 Td (value ) Tj ET Q q 0 0 0 rg BT 89.71 344.60 Td (of ) Tj ET Q q 0 0 0 rg BT 100.12 344.60 Td (the ) Tj ET Q q 0 0 0 rg BT 114.43 344.60 Td (underlying ) Tj ET Q q 0 0 0 rg BT 159.84 344.60 Td (merchant ) Tj ET Q q 0 0 0 rg BT 199.13 344.60 Td (banking ) Tj ET Q q 0 0 0 rg BT 233.44 344.60 Td (fund's ) Tj ET Q q 0 0 0 rg BT 259.55 344.60 Td (net ) Tj ET Q q 0 0 0 rg BT 273.85 344.60 Td (assets. ) Tj ET Q q 0 0 0 rg BT 301.62 344.60 Td (The ) Tj ET Q q 0 0 0 rg BT 319.25 344.60 Td (value ) Tj ET Q q 0 0 0 rg BT 342.99 344.60 Td (of ) Tj ET Q q 0 0 0 rg BT 353.41 344.60 Td (merchant ) Tj ET Q q 0 0 0 rg BT 392.70 344.60 Td (banking ) Tj ET Q q 0 0 0 rg BT 427.00 344.60 Td (fund ) Tj ET Q q 0 0 0 rg BT 447.42 344.60 Td (investments ) Tj ET Q q 0 0 0 rg BT 497.28 344.60 Td (in ) Tj ET Q q 0 0 0 rg BT 507.15 344.60 Td (privately ) Tj ET Q q 0 0 0 rg BT 544.78 344.60 Td (held ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 332.60 Td (companies ) Tj ET Q q 0 0 0 rg BT 95.72 332.60 Td (is ) Tj ET Q q 0 0 0 rg BT 105.34 332.60 Td (determined ) Tj ET Q q 0 0 0 rg BT 153.27 332.60 Td (by ) Tj ET Q q 0 0 0 rg BT 166.22 332.60 Td (the ) Tj ET Q q 0 0 0 rg BT 181.39 332.60 Td (general ) Tj ET Q q 0 0 0 rg BT 213.76 332.60 Td (partner ) Tj ET Q q 0 0 0 rg BT 245.03 332.60 Td (of ) Tj ET Q q 0 0 0 rg BT 256.31 332.60 Td (the ) Tj ET Q q 0 0 0 rg BT 271.48 332.60 Td (fund ) Tj ET Q q 0 0 0 rg BT 292.76 332.60 Td (after ) Tj ET Q q 0 0 0 rg BT 314.03 332.60 Td (giving ) Tj ET Q q 0 0 0 rg BT 342.54 332.60 Td (consideration ) Tj ET Q q 0 0 0 rg BT 399.36 332.60 Td (to ) Tj ET Q q 0 0 0 rg BT 410.09 332.60 Td (the ) Tj ET Q q 0 0 0 rg BT 425.26 332.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 444.32 332.60 Td (of ) Tj ET Q q 0 0 0 rg BT 455.60 332.60 Td (the ) Tj ET Q q 0 0 0 rg BT 470.77 332.60 Td (security) Tj ET Q q 0 0 0 rg BT 501.78 332.60 Td (, ) Tj ET Q q 0 0 0 rg BT 507.23 332.60 Td (the ) Tj ET Q q 0 0 0 rg BT 522.40 332.60 Td (pricing ) Tj ET Q q 0 0 0 rg BT 553.67 332.60 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 320.60 Td (other ) Tj ET Q q 0 0 0 rg BT 72.66 320.60 Td (sales ) Tj ET Q q 0 0 0 rg BT 94.21 320.60 Td (of ) Tj ET Q q 0 0 0 rg BT 104.65 320.60 Td (securities ) Tj ET Q q 0 0 0 rg BT 144.53 320.60 Td (by ) Tj ET Q q 0 0 0 rg BT 156.64 320.60 Td (the ) Tj ET Q q 0 0 0 rg BT 170.97 320.60 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 208.07 320.60 Td (company) Tj ET Q q 0 0 0 rg BT 244.08 320.60 Td (, ) Tj ET Q q 0 0 0 rg BT 248.69 320.60 Td (the ) Tj ET Q q 0 0 0 rg BT 263.02 320.60 Td (price ) Tj ET Q q 0 0 0 rg BT 285.12 320.60 Td (of ) Tj ET Q q 0 0 0 rg BT 295.56 320.60 Td (securities ) Tj ET Q q 0 0 0 rg BT 335.43 320.60 Td (of ) Tj ET Q q 0 0 0 rg BT 345.88 320.60 Td (other ) Tj ET Q q 0 0 0 rg BT 368.54 320.60 Td (companies ) Tj ET Q q 0 0 0 rg BT 413.41 320.60 Td (comparable ) Tj ET Q q 0 0 0 rg BT 462.16 320.60 Td (to ) Tj ET Q q 0 0 0 rg BT 472.05 320.60 Td (the ) Tj ET Q q 0 0 0 rg BT 486.38 320.60 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 523.49 320.60 Td (company) Tj ET Q q 0 0 0 rg BT 559.49 320.60 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 308.60 Td (purchase ) Tj ET Q q 0 0 0 rg BT 88.93 308.60 Td (multiples ) Tj ET Q q 0 0 0 rg BT 129.54 308.60 Td (paid ) Tj ET Q q 0 0 0 rg BT 150.14 308.60 Td (in ) Tj ET Q q 0 0 0 rg BT 161.31 308.60 Td (other ) Tj ET Q q 0 0 0 rg BT 185.24 308.60 Td (comparable ) Tj ET Q q 0 0 0 rg BT 235.27 308.60 Td (third-party ) Tj ET Q q 0 0 0 rg BT 281.43 308.60 Td (transactions, ) Tj ET Q q 0 0 0 rg BT 335.08 308.60 Td (the ) Tj ET Q q 0 0 0 rg BT 350.68 308.60 Td (original ) Tj ET Q q 0 0 0 rg BT 385.18 308.60 Td (purchase ) Tj ET Q q 0 0 0 rg BT 424.10 308.60 Td (price ) Tj ET Q q 0 0 0 rg BT 447.48 308.60 Td (multiple, ) Tj ET Q q 0 0 0 rg BT 486.69 308.60 Td (market ) Tj ET Q q 0 0 0 rg BT 517.85 308.60 Td (conditions, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 296.60 Td (liquidity) Tj ET Q q 0 0 0 rg BT 83.24 296.60 Td (, ) Tj ET Q q 0 0 0 rg BT 88.74 296.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 129.50 296.60 Td (results ) Tj ET Q q 0 0 0 rg BT 158.61 296.60 Td (and ) Tj ET Q q 0 0 0 rg BT 176.05 296.60 Td (other ) Tj ET Q q 0 0 0 rg BT 199.60 296.60 Td (qualitative ) Tj ET Q q 0 0 0 rg BT 244.80 296.60 Td (and ) Tj ET Q q 0 0 0 rg BT 262.24 296.60 Td (quantitative ) Tj ET Q q 0 0 0 rg BT 312.45 296.60 Td (factors. ) Tj ET Q q 0 0 0 rg BT 345.15 296.60 Td (Discounts ) Tj ET Q q 0 0 0 rg BT 388.15 296.60 Td (may ) Tj ET Q q 0 0 0 rg BT 408.37 296.60 Td (be ) Tj ET Q q 0 0 0 rg BT 420.81 296.60 Td (applied ) Tj ET Q q 0 0 0 rg BT 453.24 296.60 Td (to ) Tj ET Q q 0 0 0 rg BT 464.02 296.60 Td (the ) Tj ET Q q 0 0 0 rg BT 479.24 296.60 Td (funds' ) Tj ET Q q 0 0 0 rg BT 506.26 296.60 Td (privately ) Tj ET Q q 0 0 0 rg BT 544.80 296.60 Td (held ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 284.60 Td (investments ) Tj ET Q q 0 0 0 rg BT 99.92 284.60 Td (to ) Tj ET Q q 0 0 0 rg BT 109.84 284.60 Td (reflect ) Tj ET Q q 0 0 0 rg BT 137.52 284.60 Td (the ) Tj ET Q q 0 0 0 rg BT 151.88 284.60 Td (lack ) Tj ET Q q 0 0 0 rg BT 170.69 284.60 Td (of ) Tj ET Q q 0 0 0 rg BT 181.16 284.60 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 217.20 284.60 Td (and ) Tj ET Q q 0 0 0 rg BT 233.78 284.60 Td (other ) Tj ET Q q 0 0 0 rg BT 256.48 284.60 Td (transfer ) Tj ET Q q 0 0 0 rg BT 289.16 284.60 Td (restrictions. ) Tj ET Q q 0 0 0 rg BT 338.24 284.60 Td (Because ) Tj ET Q q 0 0 0 rg BT 373.70 284.60 Td (of ) Tj ET Q q 0 0 0 rg BT 384.18 284.60 Td (the ) Tj ET Q q 0 0 0 rg BT 398.54 284.60 Td (inherent ) Tj ET Q q 0 0 0 rg BT 433.45 284.60 Td (uncertainty ) Tj ET Q q 0 0 0 rg BT 480.58 284.60 Td (of ) Tj ET Q q 0 0 0 rg BT 491.05 284.60 Td (valuations ) Tj ET Q q 0 0 0 rg BT 534.30 284.60 Td (as ) Tj ET Q q 0 0 0 rg BT 544.78 284.60 Td (well ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 272.60 Td (as ) Tj ET Q q 0 0 0 rg BT 61.19 272.60 Td (the ) Tj ET Q q 0 0 0 rg BT 76.27 272.60 Td (discounts ) Tj ET Q q 0 0 0 rg BT 116.91 272.60 Td (applied, ) Tj ET Q q 0 0 0 rg BT 151.70 272.60 Td (the ) Tj ET Q q 0 0 0 rg BT 166.78 272.60 Td (estimated ) Tj ET Q q 0 0 0 rg BT 207.96 272.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 224.70 272.60 Td (values ) Tj ET Q q 0 0 0 rg BT 253.10 272.60 Td (of ) Tj ET Q q 0 0 0 rg BT 264.29 272.60 Td (investments ) Tj ET Q q 0 0 0 rg BT 314.93 272.60 Td (in ) Tj ET Q q 0 0 0 rg BT 325.57 272.60 Td (privately ) Tj ET Q q 0 0 0 rg BT 363.97 272.60 Td (held ) Tj ET Q q 0 0 0 rg BT 384.04 272.60 Td (companies ) Tj ET Q q 0 0 0 rg BT 429.67 272.60 Td (may ) Tj ET Q q 0 0 0 rg BT 449.75 272.60 Td (dif) Tj ET Q q 0 0 0 rg BT 460.67 272.60 Td (fer ) Tj ET Q q 0 0 0 rg BT 474.63 272.60 Td (significantly ) Tj ET Q q 0 0 0 rg BT 527.48 272.60 Td (from ) Tj ET Q q 0 0 0 rg BT 549.78 272.60 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 260.60 Td (values ) Tj ET Q q 0 0 0 rg BT 77.96 260.60 Td (that ) Tj ET Q q 0 0 0 rg BT 95.36 260.60 Td (would ) Tj ET Q q 0 0 0 rg BT 122.77 260.60 Td (have ) Tj ET Q q 0 0 0 rg BT 144.06 260.60 Td (been ) Tj ET Q q 0 0 0 rg BT 165.34 260.60 Td (used ) Tj ET Q q 0 0 0 rg BT 186.08 260.60 Td (had ) Tj ET Q q 0 0 0 rg BT 202.93 260.60 Td (a ) Tj ET Q q 0 0 0 rg BT 209.78 260.60 Td (ready ) Tj ET Q q 0 0 0 rg BT 234.40 260.60 Td (market ) Tj ET Q q 0 0 0 rg BT 264.57 260.60 Td (for ) Tj ET Q q 0 0 0 rg BT 278.64 260.60 Td (the ) Tj ET Q q 0 0 0 rg BT 293.27 260.60 Td (securities ) Tj ET Q q 0 0 0 rg BT 333.44 260.60 Td (existed. ) Tj ET Q q 0 0 0 rg BT 366.50 260.60 Td (The ) Tj ET Q q 0 0 0 rg BT 384.46 260.60 Td (value ) Tj ET Q q 0 0 0 rg BT 408.52 260.60 Td (of ) Tj ET Q q 0 0 0 rg BT 419.26 260.60 Td (merchant ) Tj ET Q q 0 0 0 rg BT 458.87 260.60 Td (banking ) Tj ET Q q 0 0 0 rg BT 493.50 260.60 Td (fund ) Tj ET Q q 0 0 0 rg BT 514.24 260.60 Td (investments ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 248.60 Td (in ) Tj ET Q q 0 0 0 rg BT 60.14 248.60 Td (publicly ) Tj ET Q q 0 0 0 rg BT 95.27 248.60 Td (traded ) Tj ET Q q 0 0 0 rg BT 122.61 248.60 Td (securities ) Tj ET Q q 0 0 0 rg BT 162.73 248.60 Td (is ) Tj ET Q q 0 0 0 rg BT 171.76 248.60 Td (determined ) Tj ET Q q 0 0 0 rg BT 219.10 248.60 Td (using ) Tj ET Q q 0 0 0 rg BT 243.12 248.60 Td (quoted ) Tj ET Q q 0 0 0 rg BT 272.70 248.60 Td (market ) Tj ET Q q 0 0 0 rg BT 302.82 248.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 329.05 248.60 Td (discounted ) Tj ET Q q 0 0 0 rg BT 374.74 248.60 Td (for ) Tj ET Q q 0 0 0 rg BT 388.75 248.60 Td (any ) Tj ET Q q 0 0 0 rg BT 405.55 248.60 Td (legal ) Tj ET Q q 0 0 0 rg BT 427.34 248.60 Td (or ) Tj ET Q q 0 0 0 rg BT 438.03 248.60 Td (contractual ) Tj ET Q q 0 0 0 rg BT 484.80 248.60 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 531.59 248.60 Td (on ) Tj ET Q q 0 0 0 rg BT 543.95 248.60 Td (sale. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 236.60 Td (The ) Tj ET Q q 0 0 0 rg BT 68.31 236.60 Td (values ) Tj ET Q q 0 0 0 rg BT 96.63 236.60 Td (at ) Tj ET Q q 0 0 0 rg BT 106.61 236.60 Td (which ) Tj ET Q q 0 0 0 rg BT 133.81 236.60 Td (the ) Tj ET Q q 0 0 0 rg BT 148.80 236.60 Td (Company's ) Tj ET Q q 0 0 0 rg BT 196.14 236.60 Td (investments ) Tj ET Q q 0 0 0 rg BT 246.68 236.60 Td (are ) Tj ET Q q 0 0 0 rg BT 261.66 236.60 Td (carried ) Tj ET Q q 0 0 0 rg BT 292.18 236.60 Td (on ) Tj ET Q q 0 0 0 rg BT 304.94 236.60 Td (its ) Tj ET Q q 0 0 0 rg BT 317.16 236.60 Td (condensed ) Tj ET Q q 0 0 0 rg BT 362.13 236.60 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 415.44 236.60 Td (statements ) Tj ET Q q 0 0 0 rg BT 460.42 236.60 Td (of ) Tj ET Q q 0 0 0 rg BT 471.51 236.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 509.26 236.60 Td (condition ) Tj ET Q q 0 0 0 rg BT 549.80 236.60 Td (are ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 224.60 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 86.23 224.60 Td (to ) Tj ET Q q 0 0 0 rg BT 96.90 224.60 Td (estimated ) Tj ET Q q 0 0 0 rg BT 138.13 224.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 154.90 224.60 Td (value ) Tj ET Q q 0 0 0 rg BT 179.46 224.60 Td (at ) Tj ET Q q 0 0 0 rg BT 189.58 224.60 Td (the ) Tj ET Q q 0 0 0 rg BT 204.69 224.60 Td (end ) Tj ET Q q 0 0 0 rg BT 222.03 224.60 Td (of ) Tj ET Q q 0 0 0 rg BT 233.26 224.60 Td (each ) Tj ET Q q 0 0 0 rg BT 254.48 224.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 285.69 224.60 Td (and ) Tj ET Q q 0 0 0 rg BT 303.03 224.60 Td (the ) Tj ET Q q 0 0 0 rg BT 318.15 224.60 Td (volatility ) Tj ET Q q 0 0 0 rg BT 357.16 224.60 Td (in ) Tj ET Q q 0 0 0 rg BT 367.84 224.60 Td (general ) Tj ET Q q 0 0 0 rg BT 400.16 224.60 Td (economic ) Tj ET Q q 0 0 0 rg BT 441.93 224.60 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 489.00 224.60 Td (stock ) Tj ET Q q 0 0 0 rg BT 513.01 224.60 Td (markets ) Tj ET Q q 0 0 0 rg BT 547.56 224.60 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 212.60 Td (commodity ) Tj ET Q q 0 0 0 rg BT 98.05 212.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 124.43 212.60 Td (may ) Tj ET Q q 0 0 0 rg BT 144.15 212.60 Td (result ) Tj ET Q q 0 0 0 rg BT 168.86 212.60 Td (in ) Tj ET Q q 0 0 0 rg BT 179.14 212.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 223.85 212.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 258.56 212.60 Td (in ) Tj ET Q q 0 0 0 rg BT 268.84 212.60 Td (the ) Tj ET Q q 0 0 0 rg BT 283.55 212.60 Td (estimated ) Tj ET Q q 0 0 0 rg BT 324.38 212.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 340.75 212.60 Td (value ) Tj ET Q q 0 0 0 rg BT 364.91 212.60 Td (of ) Tj ET Q q 0 0 0 rg BT 375.74 212.60 Td (the ) Tj ET Q q 0 0 0 rg BT 390.45 212.60 Td (investments ) Tj ET Q q 0 0 0 rg BT 440.73 212.60 Td (from ) Tj ET Q q 0 0 0 rg BT 462.67 212.60 Td (period ) Tj ET Q q 0 0 0 rg BT 490.71 212.60 Td (to ) Tj ET Q q 0 0 0 rg BT 500.99 212.60 Td (period. ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 50.00 186.60 Td (Goodwill) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 169.60 Td (Goodwill ) Tj ET Q q 0 0 0 rg BT 115.02 169.60 Td (is ) Tj ET Q q 0 0 0 rg BT 124.93 169.60 Td (the ) Tj ET Q q 0 0 0 rg BT 140.38 169.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 159.73 169.60 Td (of ) Tj ET Q q 0 0 0 rg BT 171.30 169.60 Td (acquired ) Tj ET Q q 0 0 0 rg BT 208.96 169.60 Td (companies ) Tj ET Q q 0 0 0 rg BT 254.96 169.60 Td (in ) Tj ET Q q 0 0 0 rg BT 265.98 169.60 Td (excess ) Tj ET Q q 0 0 0 rg BT 295.32 169.60 Td (of ) Tj ET Q q 0 0 0 rg BT 306.89 169.60 Td (the ) Tj ET Q q 0 0 0 rg BT 322.34 169.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 339.46 169.60 Td (value ) Tj ET Q q 0 0 0 rg BT 364.35 169.60 Td (of ) Tj ET Q q 0 0 0 rg BT 375.92 169.60 Td (identifiable ) Tj ET Q q 0 0 0 rg BT 424.70 169.60 Td (net ) Tj ET Q q 0 0 0 rg BT 440.15 169.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 466.72 169.60 Td (at ) Tj ET Q q 0 0 0 rg BT 477.18 169.60 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 524.30 169.60 Td (date. ) Tj ET Q q 0 0 0 rg BT 546.46 169.60 Td (The ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 157.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 92.13 157.60 Td (tests ) Tj ET Q q 0 0 0 rg BT 113.15 157.60 Td (its ) Tj ET Q q 0 0 0 rg BT 125.84 157.60 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 164.64 157.60 Td (for ) Tj ET Q q 0 0 0 rg BT 179.55 157.60 Td (impairment ) Tj ET Q q 0 0 0 rg BT 228.89 157.60 Td (at ) Tj ET Q q 0 0 0 rg BT 239.35 157.60 Td (least ) Tj ET Q q 0 0 0 rg BT 260.92 157.60 Td (annually) Tj ET Q q 0 0 0 rg BT 294.70 157.60 Td (. ) Tj ET Q q 0 0 0 rg BT 299.73 157.60 Td (An ) Tj ET Q q 0 0 0 rg BT 315.20 157.60 Td (impairment ) Tj ET Q q 0 0 0 rg BT 364.54 157.60 Td (loss ) Tj ET Q q 0 0 0 rg BT 383.34 157.60 Td (is ) Tj ET Q q 0 0 0 rg BT 393.26 157.60 Td (triggered ) Tj ET Q q 0 0 0 rg BT 432.60 157.60 Td (if ) Tj ET Q q 0 0 0 rg BT 441.95 157.60 Td (the ) Tj ET Q q 0 0 0 rg BT 457.41 157.60 Td (estimated ) Tj ET Q q 0 0 0 rg BT 498.97 157.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 516.09 157.60 Td (value ) Tj ET Q q 0 0 0 rg BT 540.99 157.60 Td (of ) Tj ET Q q 0 0 0 rg BT 552.56 157.60 Td (an ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 145.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 90.32 145.60 Td (unit ) Tj ET Q q 0 0 0 rg BT 108.44 145.60 Td (is ) Tj ET Q q 0 0 0 rg BT 117.67 145.60 Td (less ) Tj ET Q q 0 0 0 rg BT 135.23 145.60 Td (than ) Tj ET Q q 0 0 0 rg BT 155.01 145.60 Td (estimated ) Tj ET Q q 0 0 0 rg BT 195.89 145.60 Td (net ) Tj ET Q q 0 0 0 rg BT 210.66 145.60 Td (book ) Tj ET Q q 0 0 0 rg BT 233.22 145.60 Td (value. ) Tj ET Q q 0 0 0 rg BT 259.94 145.60 Td (Such ) Tj ET Q q 0 0 0 rg BT 282.50 145.60 Td (loss ) Tj ET Q q 0 0 0 rg BT 300.62 145.60 Td (is ) Tj ET Q q 0 0 0 rg BT 309.85 145.60 Td (calculated ) Tj ET Q q 0 0 0 rg BT 352.94 145.60 Td (as ) Tj ET Q q 0 0 0 rg BT 363.83 145.60 Td (the ) Tj ET Q q 0 0 0 rg BT 378.61 145.60 Td (dif) Tj ET Q q 0 0 0 rg BT 389.53 145.60 Td (ference ) Tj ET Q q 0 0 0 rg BT 421.51 145.60 Td (between ) Tj ET Q q 0 0 0 rg BT 457.38 145.60 Td (the ) Tj ET Q q 0 0 0 rg BT 472.16 145.60 Td (estimated ) Tj ET Q q 0 0 0 rg BT 513.04 145.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 529.48 145.60 Td (value ) Tj ET Q q 0 0 0 rg BT 553.69 145.60 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 133.60 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 88.06 133.60 Td (and ) Tj ET Q q 0 0 0 rg BT 105.00 133.60 Td (its ) Tj ET Q q 0 0 0 rg BT 116.94 133.60 Td (carrying ) Tj ET Q q 0 0 0 rg BT 152.76 133.60 Td (value.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 112.60 Td (Goodwill ) Tj ET Q q 0 0 0 rg BT 113.52 112.60 Td (is ) Tj ET Q q 0 0 0 rg BT 121.93 112.60 Td (translated ) Tj ET Q q 0 0 0 rg BT 162.55 112.60 Td (at ) Tj ET Q q 0 0 0 rg BT 171.51 112.60 Td (the ) Tj ET Q q 0 0 0 rg BT 185.47 112.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 202.20 112.60 Td (of ) Tj ET Q q 0 0 0 rg BT 212.27 112.60 Td (exchange ) Tj ET Q q 0 0 0 rg BT 251.77 112.60 Td (prevailing ) Tj ET Q q 0 0 0 rg BT 294.05 112.60 Td (at ) Tj ET Q q 0 0 0 rg BT 303.01 112.60 Td (the ) Tj ET Q q 0 0 0 rg BT 316.97 112.60 Td (end ) Tj ET Q q 0 0 0 rg BT 333.16 112.60 Td (of ) Tj ET Q q 0 0 0 rg BT 343.23 112.60 Td (the ) Tj ET Q q 0 0 0 rg BT 357.19 112.60 Td (periods ) Tj ET Q q 0 0 0 rg BT 388.37 112.60 Td (presented ) Tj ET Q q 0 0 0 rg BT 428.43 112.60 Td (in ) Tj ET Q q 0 0 0 rg BT 437.95 112.60 Td (accordance ) Tj ET Q q 0 0 0 rg BT 484.65 112.60 Td (with ) Tj ET Q q 0 0 0 rg BT 504.18 112.60 Td (the ) Tj ET Q q 0 0 0 rg BT 518.14 112.60 Td (accounting ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 100.60 Td (guidance ) Tj ET Q q 0 0 0 rg BT 88.57 100.60 Td (for ) Tj ET Q q 0 0 0 rg BT 102.71 100.60 Td (foreign ) Tj ET Q q 0 0 0 rg BT 134.07 100.60 Td (currency ) Tj ET Q q 0 0 0 rg BT 171.52 100.60 Td (translation. ) Tj ET Q q 0 0 0 rg BT 218.17 100.60 Td (Any ) Tj ET Q q 0 0 0 rg BT 237.87 100.60 Td (translation ) Tj ET Q q 0 0 0 rg BT 282.56 100.60 Td (gain ) Tj ET Q q 0 0 0 rg BT 302.26 100.60 Td (or ) Tj ET Q q 0 0 0 rg BT 313.07 100.60 Td (loss ) Tj ET Q q 0 0 0 rg BT 331.11 100.60 Td (is ) Tj ET Q q 0 0 0 rg BT 340.26 100.60 Td (included ) Tj ET Q q 0 0 0 rg BT 377.17 100.60 Td (in ) Tj ET Q q 0 0 0 rg BT 387.43 100.60 Td (the ) Tj ET Q q 0 0 0 rg BT 402.12 100.60 Td (foreign ) Tj ET Q q 0 0 0 rg BT 433.48 100.60 Td (currency ) Tj ET Q q 0 0 0 rg BT 470.94 100.60 Td (translation ) Tj ET Q q 0 0 0 rg BT 515.63 100.60 Td (adjustment, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 88.60 Td (which ) Tj ET Q q 0 0 0 rg BT 76.68 88.60 Td (is ) Tj ET Q q 0 0 0 rg BT 85.59 88.60 Td (included ) Tj ET Q q 0 0 0 rg BT 122.26 88.60 Td (as ) Tj ET Q q 0 0 0 rg BT 132.83 88.60 Td (a ) Tj ET Q q 0 0 0 rg BT 139.50 88.60 Td (component ) Tj ET Q q 0 0 0 rg BT 186.18 88.60 Td (of ) Tj ET Q q 0 0 0 rg BT 196.75 88.60 Td (other ) Tj ET Q q 0 0 0 rg BT 219.53 88.60 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 282.30 88.60 Td (income ) Tj ET Q q 0 0 0 rg BT 313.97 88.60 Td (in ) Tj ET Q q 0 0 0 rg BT 323.99 88.60 Td (the ) Tj ET Q q 0 0 0 rg BT 338.45 88.60 Td (condensed ) Tj ET Q q 0 0 0 rg BT 382.89 88.60 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 435.67 88.60 Td (statements ) Tj ET Q q 0 0 0 rg BT 480.12 88.60 Td (of ) Tj ET Q q 0 0 0 rg BT 490.69 88.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 525.14 88.60 Td (in ) Tj ET Q q 0 0 0 rg BT 535.16 88.60 Td (equity) Tj ET Q q 0 0 0 rg BT 559.50 88.60 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 76.60 Td (At ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 62.83 76.60 Td (September30, ) Tj ET Q q 0 0 0 rg BT 123.42 76.60 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 143.42 76.60 Td (, ) Tj ET Q q 0 0 0 rg BT 148.75 76.60 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 187.14 76.60 Td (decreased ) Tj ET Q q 0 0 0 rg BT 229.38 76.60 Td (by ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 242.21 76.60 Td ($15.8 ) Tj ET Q q 0 0 0 rg BT 267.54 76.60 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 296.43 76.60 Td ( ) Tj ET Q q 0 0 0 rg BT 299.26 76.60 Td (from ) Tj ET Q q 0 0 0 rg BT 321.53 76.60 Td (the ) Tj ET Q q 0 0 0 rg BT 336.58 76.60 Td (beginning ) Tj ET Q q 0 0 0 rg BT 379.40 76.60 Td (of ) Tj ET Q q 0 0 0 rg BT 390.56 76.60 Td (the ) Tj ET Q q 0 0 0 rg BT 405.61 76.60 Td (year ) Tj ET Q q 0 0 0 rg BT 425.64 76.60 Td (as ) Tj ET Q q 0 0 0 rg BT 436.80 76.60 Td (a ) Tj ET Q q 0 0 0 rg BT 444.07 76.60 Td (result ) Tj ET Q q 0 0 0 rg BT 469.12 76.60 Td (of ) Tj ET Q q 0 0 0 rg BT 480.28 76.60 Td (the ) Tj ET Q q 0 0 0 rg BT 495.32 76.60 Td (foreign ) Tj ET Q q 0 0 0 rg BT 527.03 76.60 Td (currency ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 64.60 Td (translation ) Tj ET Q q 0 0 0 rg BT 94.71 64.60 Td (adjustment. ) Tj ET Q endstream endobj 25 0 obj <> endobj 26 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (12) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 93.60 742.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 118.88 742.25 Td (Units) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 725.25 Td (The ) Tj ET Q q 0 0 0 rg BT 93.01 725.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 135.36 725.25 Td (accounts ) Tj ET Q q 0 0 0 rg BT 173.80 725.25 Td (for ) Tj ET Q q 0 0 0 rg BT 188.92 725.25 Td (its ) Tj ET Q q 0 0 0 rg BT 201.83 725.25 Td (share-based ) Tj ET Q q 0 0 0 rg BT 252.49 725.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 311.49 725.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 353.28 725.25 Td (under ) Tj ET Q q 0 0 0 rg BT 379.51 725.25 Td (which ) Tj ET Q q 0 0 0 rg BT 407.41 725.25 Td (the ) Tj ET Q q 0 0 0 rg BT 423.09 725.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 440.42 725.25 Td (value ) Tj ET Q q 0 0 0 rg BT 465.54 725.25 Td (of ) Tj ET Q q 0 0 0 rg BT 477.33 725.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 517.99 725.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 542.56 725.25 Td (units ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 713.25 Td (granted ) Tj ET Q q 0 0 0 rg BT 82.11 713.25 Td (to ) Tj ET Q q 0 0 0 rg BT 92.01 713.25 Td (employees ) Tj ET Q q 0 0 0 rg BT 136.90 713.25 Td (with ) Tj ET Q q 0 0 0 rg BT 156.80 713.25 Td (future ) Tj ET Q q 0 0 0 rg BT 182.80 713.25 Td (service ) Tj ET Q q 0 0 0 rg BT 213.24 713.25 Td (requirements ) Tj ET Q q 0 0 0 rg BT 267.56 713.25 Td (is ) Tj ET Q q 0 0 0 rg BT 276.35 713.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 313.45 713.25 Td (as ) Tj ET Q q 0 0 0 rg BT 323.91 713.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 381.57 713.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 415.90 713.25 Td (and ) Tj ET Q q 0 0 0 rg BT 432.46 713.25 Td (the ) Tj ET Q q 0 0 0 rg BT 446.80 713.25 Td (units ) Tj ET Q q 0 0 0 rg BT 468.37 713.25 Td (are ) Tj ET Q q 0 0 0 rg BT 482.70 713.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 522.03 713.25 Td (amortized ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 701.25 Td (over ) Tj ET Q q 0 0 0 rg BT 69.58 701.25 Td (a ) Tj ET Q q 0 0 0 rg BT 75.83 701.25 Td (three ) Tj ET Q q 0 0 0 rg BT 97.62 701.25 Td (to ) Tj ET Q q 0 0 0 rg BT 107.21 701.25 Td (five ) Tj ET Q q 0 0 0 rg BT 124.57 701.25 Td (year ) Tj ET Q q 0 0 0 rg BT 143.59 701.25 Td (service ) Tj ET Q q 0 0 0 rg BT 173.71 701.25 Td (period ) Tj ET Q q 0 0 0 rg BT 201.07 701.25 Td (following ) Tj ET Q q 0 0 0 rg BT 241.77 701.25 Td (the ) Tj ET Q q 0 0 0 rg BT 255.80 701.25 Td (date ) Tj ET Q q 0 0 0 rg BT 274.26 701.25 Td (of ) Tj ET Q q 0 0 0 rg BT 284.40 701.25 Td (grant. ) Tj ET Q q 0 0 0 rg BT 309.26 701.25 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 368.84 701.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 402.86 701.25 Td (is ) Tj ET Q q 0 0 0 rg BT 411.34 701.25 Td (determined ) Tj ET Q q 0 0 0 rg BT 458.13 701.25 Td (based ) Tj ET Q q 0 0 0 rg BT 482.71 701.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 504.52 701.25 Td (the ) Tj ET Q q 0 0 0 rg BT 518.55 701.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 534.24 701.25 Td (market ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 689.25 Td (value ) Tj ET Q q 0 0 0 rg BT 75.16 689.25 Td (of ) Tj ET Q q 0 0 0 rg BT 87.00 689.25 Td (the ) Tj ET Q q 0 0 0 rg BT 102.72 689.25 Td (Company) Tj ET Q q 0 0 0 rg BT 144.38 689.25 Td (s ) Tj ET Q q 0 0 0 rg BT 151.78 689.25 Td (common ) Tj ET Q q 0 0 0 rg BT 190.28 689.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 214.90 689.25 Td (at ) Tj ET Q q 0 0 0 rg BT 225.62 689.25 Td (the ) Tj ET Q q 0 0 0 rg BT 241.34 689.25 Td (date ) Tj ET Q q 0 0 0 rg BT 261.50 689.25 Td (of ) Tj ET Q q 0 0 0 rg BT 273.34 689.25 Td (grant. ) Tj ET Q q 0 0 0 rg BT 299.12 689.25 Td (As ) Tj ET Q q 0 0 0 rg BT 313.74 689.25 Td (the ) Tj ET Q q 0 0 0 rg BT 329.46 689.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 371.85 689.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 411.46 689.25 Td (the ) Tj ET Q q 0 0 0 rg BT 427.18 689.25 Td (awards, ) Tj ET Q q 0 0 0 rg BT 461.51 689.25 Td (the ) Tj ET Q q 0 0 0 rg BT 477.23 689.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 517.94 689.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 542.55 689.25 Td (units ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 677.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 96.02 677.25 Td (are ) Tj ET Q q 0 0 0 rg BT 110.38 677.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 147.50 677.25 Td (within ) Tj ET Q q 0 0 0 rg BT 175.21 677.25 Td (equity) Tj ET Q q 0 0 0 rg BT 199.56 677.25 Td (. ) Tj ET Q q 0 0 0 rg BT 204.06 677.25 Td (The ) Tj ET Q q 0 0 0 rg BT 221.76 677.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 261.11 677.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 284.38 677.25 Td (units ) Tj ET Q q 0 0 0 rg BT 305.98 677.25 Td (are ) Tj ET Q q 0 0 0 rg BT 320.34 677.25 Td (reclassified ) Tj ET Q q 0 0 0 rg BT 368.02 677.25 Td (into ) Tj ET Q q 0 0 0 rg BT 385.73 677.25 Td (common ) Tj ET Q q 0 0 0 rg BT 422.88 677.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 446.14 677.25 Td (and ) Tj ET Q q 0 0 0 rg BT 462.73 677.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 504.88 677.25 Td (paid-in ) Tj ET Q q 0 0 0 rg BT 535.36 677.25 Td (capital ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 665.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 73.36 665.25 Td (vesting. ) Tj ET Q q 0 0 0 rg BT 107.86 665.25 Td (The ) Tj ET Q q 0 0 0 rg BT 126.76 665.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 169.01 665.25 Td (records ) Tj ET Q q 0 0 0 rg BT 201.79 665.25 Td (as ) Tj ET Q q 0 0 0 rg BT 213.48 665.25 Td (treasury ) Tj ET Q q 0 0 0 rg BT 249.04 665.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 273.51 665.25 Td (the ) Tj ET Q q 0 0 0 rg BT 289.08 665.25 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 335.74 665.25 Td (of ) Tj ET Q q 0 0 0 rg BT 347.43 665.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 371.90 665.25 Td (delivered ) Tj ET Q q 0 0 0 rg BT 412.46 665.25 Td (to ) Tj ET Q q 0 0 0 rg BT 423.59 665.25 Td (its ) Tj ET Q q 0 0 0 rg BT 436.40 665.25 Td (employees ) Tj ET Q q 0 0 0 rg BT 482.52 665.25 Td (in ) Tj ET Q q 0 0 0 rg BT 493.65 665.25 Td (settlement ) Tj ET Q q 0 0 0 rg BT 538.11 665.25 Td (of ) Tj ET Q q 0 0 0 rg BT 549.79 665.25 Td (tax ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 653.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 89.49 653.25 Td (incurred ) Tj ET Q q 0 0 0 rg BT 125.09 653.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 147.37 653.25 Td (the ) Tj ET Q q 0 0 0 rg BT 161.86 653.25 Td (vesting ) Tj ET Q q 0 0 0 rg BT 193.02 653.25 Td (of ) Tj ET Q q 0 0 0 rg BT 203.63 653.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 243.11 653.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 266.50 653.25 Td (units. ) Tj ET Q q 0 0 0 rg BT 290.56 653.25 Td (The ) Tj ET Q q 0 0 0 rg BT 308.39 653.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 349.55 653.25 Td (records ) Tj ET Q q 0 0 0 rg BT 381.26 653.25 Td (dividend ) Tj ET Q q 0 0 0 rg BT 418.53 653.25 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 462.46 653.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 503.06 653.25 Td (on ) Tj ET Q q 0 0 0 rg BT 515.34 653.25 Td (outstanding ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 641.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 89.70 641.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 113.31 641.25 Td (units ) Tj ET Q q 0 0 0 rg BT 135.26 641.25 Td (as ) Tj ET Q q 0 0 0 rg BT 146.09 641.25 Td (a ) Tj ET Q q 0 0 0 rg BT 153.03 641.25 Td (dividend ) Tj ET Q q 0 0 0 rg BT 190.52 641.25 Td (payment ) Tj ET Q q 0 0 0 rg BT 227.46 641.25 Td (and ) Tj ET Q q 0 0 0 rg BT 244.39 641.25 Td (a ) Tj ET Q q 0 0 0 rg BT 251.33 641.25 Td (char) Tj ET Q q 0 0 0 rg BT 268.36 641.25 Td (ge ) Tj ET Q q 0 0 0 rg BT 280.30 641.25 Td (to ) Tj ET Q q 0 0 0 rg BT 290.58 641.25 Td (equity) Tj ET Q q 0 0 0 rg BT 314.92 641.25 Td (.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 50.00 615.25 Td (Earnings ) Tj ET Q q 0 0 0 rg BT 90.85 615.25 Td (per ) Tj ET Q q 0 0 0 rg BT 106.68 615.25 Td (Share) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 598.25 Td (The ) Tj ET Q q 0 0 0 rg BT 91.69 598.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 132.73 598.25 Td (calculates ) Tj ET Q q 0 0 0 rg BT 174.29 598.25 Td (basic ) Tj ET Q q 0 0 0 rg BT 196.98 598.25 Td (earnings ) Tj ET Q q 0 0 0 rg BT 233.01 598.25 Td (per ) Tj ET Q q 0 0 0 rg BT 247.92 598.25 Td (share ) Tj ET Q q 0 0 0 rg BT 271.17 598.25 Td (\(EPS\) ) Tj ET Q q 0 0 0 rg BT 306.08 598.25 Td (by ) Tj ET Q q 0 0 0 rg BT 318.23 598.25 Td (dividing ) Tj ET Q q 0 0 0 rg BT 353.71 598.25 Td (net ) Tj ET Q q 0 0 0 rg BT 368.07 598.25 Td (income ) Tj ET Q q 0 0 0 rg BT 399.65 598.25 Td (allocated ) Tj ET Q q 0 0 0 rg BT 437.88 598.25 Td (to ) Tj ET Q q 0 0 0 rg BT 447.81 598.25 Td (common ) Tj ET Q q 0 0 0 rg BT 484.95 598.25 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 537.64 598.25 Td (by ) Tj ET Q q 0 0 0 rg BT 549.79 598.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (weighted ) Tj ET Q q 0 0 0 rg BT 89.79 586.25 Td (average ) Tj ET Q q 0 0 0 rg BT 124.00 586.25 Td (number ) Tj ET Q q 0 0 0 rg BT 157.68 586.25 Td (of ) Tj ET Q q 0 0 0 rg BT 169.14 586.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 197.26 586.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 247.06 586.25 Td (for ) Tj ET Q q 0 0 0 rg BT 261.85 586.25 Td (the ) Tj ET Q q 0 0 0 rg BT 277.20 586.25 Td (period. ) Tj ET Q q 0 0 0 rg BT 308.15 586.25 Td (The ) Tj ET Q q 0 0 0 rg BT 326.83 586.25 Td (denominator ) Tj ET Q q 0 0 0 rg BT 380.50 586.25 Td (for ) Tj ET Q q 0 0 0 rg BT 395.29 586.25 Td (basic ) Tj ET Q q 0 0 0 rg BT 418.97 586.25 Td (EPS ) Tj ET Q q 0 0 0 rg BT 439.33 586.25 Td (includes ) Tj ET Q q 0 0 0 rg BT 475.79 586.25 Td (the ) Tj ET Q q 0 0 0 rg BT 491.14 586.25 Td (weighted ) Tj ET Q q 0 0 0 rg BT 530.93 586.25 Td (average ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 574.25 Td (number ) Tj ET Q q 0 0 0 rg BT 82.41 574.25 Td (of ) Tj ET Q q 0 0 0 rg BT 92.61 574.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 119.47 574.25 Td (deemed ) Tj ET Q q 0 0 0 rg BT 152.43 574.25 Td (issuable ) Tj ET Q q 0 0 0 rg BT 186.51 574.25 Td (due ) Tj ET Q q 0 0 0 rg BT 202.82 574.25 Td (to ) Tj ET Q q 0 0 0 rg BT 212.46 574.25 Td (the ) Tj ET Q q 0 0 0 rg BT 226.54 574.25 Td (vesting ) Tj ET Q q 0 0 0 rg BT 257.30 574.25 Td (of ) Tj ET Q q 0 0 0 rg BT 267.50 574.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 306.56 574.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 329.54 574.25 Td (units ) Tj ET Q q 0 0 0 rg BT 350.85 574.25 Td (for ) Tj ET Q q 0 0 0 rg BT 364.38 574.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 410.12 574.25 Td (purposes ) Tj ET Q q 0 0 0 rg BT 447.54 574.25 Td (and ) Tj ET Q q 0 0 0 rg BT 463.84 574.25 Td (the ) Tj ET Q q 0 0 0 rg BT 477.93 574.25 Td (contingently ) Tj ET Q q 0 0 0 rg BT 529.78 574.25 Td (issuable ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 562.25 Td (convertible ) Tj ET Q q 0 0 0 rg BT 97.48 562.25 Td (preferred ) Tj ET Q q 0 0 0 rg BT 136.62 562.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 164.11 562.25 Td (deemed ) Tj ET Q q 0 0 0 rg BT 197.70 562.25 Td (to ) Tj ET Q q 0 0 0 rg BT 207.98 562.25 Td (meet ) Tj ET Q q 0 0 0 rg BT 229.91 562.25 Td (the ) Tj ET Q q 0 0 0 rg BT 244.63 562.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 297.65 562.25 Td (contingency) Tj ET Q q 0 0 0 rg BT 345.87 562.25 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 545.25 Td (Diluted ) Tj ET Q q 0 0 0 rg BT 106.89 545.25 Td (EPS ) Tj ET Q q 0 0 0 rg BT 127.03 545.25 Td (includes ) Tj ET Q q 0 0 0 rg BT 163.25 545.25 Td (the ) Tj ET Q q 0 0 0 rg BT 178.37 545.25 Td (determinants ) Tj ET Q q 0 0 0 rg BT 232.92 545.25 Td (of ) Tj ET Q q 0 0 0 rg BT 244.15 545.25 Td (basic ) Tj ET Q q 0 0 0 rg BT 267.59 545.25 Td (EPS ) Tj ET Q q 0 0 0 rg BT 287.72 545.25 Td (plus ) Tj ET Q q 0 0 0 rg BT 307.29 545.25 Td (the ) Tj ET Q q 0 0 0 rg BT 322.41 545.25 Td (dilutive ) Tj ET Q q 0 0 0 rg BT 355.86 545.25 Td (ef) Tj ET Q q 0 0 0 rg BT 363.45 545.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 381.33 545.25 Td (of ) Tj ET Q q 0 0 0 rg BT 392.56 545.25 Td (the ) Tj ET Q q 0 0 0 rg BT 407.68 545.25 Td (common ) Tj ET Q q 0 0 0 rg BT 445.57 545.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 469.58 545.25 Td (deliverable ) Tj ET Q q 0 0 0 rg BT 516.90 545.25 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 554.24 545.25 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 533.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 89.96 533.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 113.83 533.25 Td (units ) Tj ET Q q 0 0 0 rg BT 136.04 533.25 Td (for ) Tj ET Q q 0 0 0 rg BT 150.46 533.25 Td (which ) Tj ET Q q 0 0 0 rg BT 177.66 533.25 Td (future ) Tj ET Q q 0 0 0 rg BT 204.30 533.25 Td (service ) Tj ET Q q 0 0 0 rg BT 235.37 533.25 Td (is ) Tj ET Q q 0 0 0 rg BT 244.80 533.25 Td (required ) Tj ET Q q 0 0 0 rg BT 280.88 533.25 Td (as ) Tj ET Q q 0 0 0 rg BT 291.97 533.25 Td (a ) Tj ET Q q 0 0 0 rg BT 299.17 533.25 Td (condition ) Tj ET Q q 0 0 0 rg BT 339.70 533.25 Td (to ) Tj ET Q q 0 0 0 rg BT 350.24 533.25 Td (the ) Tj ET Q q 0 0 0 rg BT 365.22 533.25 Td (delivery ) Tj ET Q q 0 0 0 rg BT 400.74 533.25 Td (of ) Tj ET Q q 0 0 0 rg BT 411.83 533.25 Td (the ) Tj ET Q q 0 0 0 rg BT 426.81 533.25 Td (underlying ) Tj ET Q q 0 0 0 rg BT 472.89 533.25 Td (common ) Tj ET Q q 0 0 0 rg BT 510.65 533.25 Td (stock. ) Tj ET Q q 0 0 0 rg BT 537.02 533.25 Td (Under ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 521.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.48 521.25 Td (treasury ) Tj ET Q q 0 0 0 rg BT 98.94 521.25 Td (method, ) Tj ET Q q 0 0 0 rg BT 133.70 521.25 Td (the ) Tj ET Q q 0 0 0 rg BT 148.17 521.25 Td (number ) Tj ET Q q 0 0 0 rg BT 180.98 521.25 Td (of ) Tj ET Q q 0 0 0 rg BT 191.57 521.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 218.82 521.25 Td (issuable ) Tj ET Q q 0 0 0 rg BT 253.30 521.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 275.56 521.25 Td (the ) Tj ET Q q 0 0 0 rg BT 290.03 521.25 Td (vesting ) Tj ET Q q 0 0 0 rg BT 321.18 521.25 Td (of ) Tj ET Q q 0 0 0 rg BT 331.77 521.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 371.23 521.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 394.60 521.25 Td (units ) Tj ET Q q 0 0 0 rg BT 416.31 521.25 Td (included ) Tj ET Q q 0 0 0 rg BT 453.00 521.25 Td (in ) Tj ET Q q 0 0 0 rg BT 463.04 521.25 Td (the ) Tj ET Q q 0 0 0 rg BT 477.52 521.25 Td (calculation ) Tj ET Q q 0 0 0 rg BT 523.64 521.25 Td (of ) Tj ET Q q 0 0 0 rg BT 534.23 521.25 Td (diluted ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 509.25 Td (EPS ) Tj ET Q q 0 0 0 rg BT 69.62 509.25 Td (is ) Tj ET Q q 0 0 0 rg BT 78.68 509.25 Td (the ) Tj ET Q q 0 0 0 rg BT 93.29 509.25 Td (excess, ) Tj ET Q q 0 0 0 rg BT 124.28 509.25 Td (if ) Tj ET Q q 0 0 0 rg BT 132.78 509.25 Td (any) Tj ET Q q 0 0 0 rg BT 146.56 509.25 Td (, ) Tj ET Q q 0 0 0 rg BT 151.46 509.25 Td (of ) Tj ET Q q 0 0 0 rg BT 162.18 509.25 Td (the ) Tj ET Q q 0 0 0 rg BT 176.78 509.25 Td (number ) Tj ET Q q 0 0 0 rg BT 209.72 509.25 Td (of ) Tj ET Q q 0 0 0 rg BT 220.44 509.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 247.82 509.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 285.74 509.25 Td (to ) Tj ET Q q 0 0 0 rg BT 295.91 509.25 Td (be ) Tj ET Q q 0 0 0 rg BT 307.74 509.25 Td (issued, ) Tj ET Q q 0 0 0 rg BT 337.63 509.25 Td (less ) Tj ET Q q 0 0 0 rg BT 355.02 509.25 Td (the ) Tj ET Q q 0 0 0 rg BT 369.63 509.25 Td (number ) Tj ET Q q 0 0 0 rg BT 402.56 509.25 Td (of ) Tj ET Q q 0 0 0 rg BT 413.28 509.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 440.66 509.25 Td (that ) Tj ET Q q 0 0 0 rg BT 458.05 509.25 Td (could ) Tj ET Q q 0 0 0 rg BT 482.66 509.25 Td (be ) Tj ET Q q 0 0 0 rg BT 494.48 509.25 Td (purchased ) Tj ET Q q 0 0 0 rg BT 537.41 509.25 Td (by ) Tj ET Q q 0 0 0 rg BT 549.80 509.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 497.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 91.39 497.25 Td (with ) Tj ET Q q 0 0 0 rg BT 111.67 497.25 Td (the ) Tj ET Q q 0 0 0 rg BT 126.38 497.25 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 164.42 497.25 Td (to ) Tj ET Q q 0 0 0 rg BT 174.70 497.25 Td (be ) Tj ET Q q 0 0 0 rg BT 186.64 497.25 Td (received ) Tj ET Q q 0 0 0 rg BT 223.00 497.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 245.50 497.25 Td (settlement ) Tj ET Q q 0 0 0 rg BT 289.10 497.25 Td (at ) Tj ET Q q 0 0 0 rg BT 298.81 497.25 Td (the ) Tj ET Q q 0 0 0 rg BT 313.53 497.25 Td (average ) Tj ET Q q 0 0 0 rg BT 347.11 497.25 Td (market ) Tj ET Q q 0 0 0 rg BT 377.38 497.25 Td (closing ) Tj ET Q q 0 0 0 rg BT 408.76 497.25 Td (price ) Tj ET Q q 0 0 0 rg BT 431.25 497.25 Td (during ) Tj ET Q q 0 0 0 rg BT 459.86 497.25 Td (the ) Tj ET Q q 0 0 0 rg BT 474.58 497.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 513.73 497.25 Td (period. ) Tj ET Q q 0 0 0 rg BT 544.28 497.25 Td ( ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 50.00 471.25 Td (Provision ) Tj ET Q q 0 0 0 rg BT 91.95 471.25 Td (for ) Tj ET Q q 0 0 0 rg BT 106.67 471.25 Td (T) Tj ET Q q 0 0 0 rg BT 111.86 471.25 Td (axes) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 454.25 Td (The ) Tj ET Q q 0 0 0 rg BT 91.17 454.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 131.69 454.25 Td (accounts ) Tj ET Q q 0 0 0 rg BT 168.30 454.25 Td (for ) Tj ET Q q 0 0 0 rg BT 181.58 454.25 Td (taxes ) Tj ET Q q 0 0 0 rg BT 203.76 454.25 Td (in ) Tj ET Q q 0 0 0 rg BT 213.16 454.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 259.75 454.25 Td (with ) Tj ET Q q 0 0 0 rg BT 279.15 454.25 Td (the ) Tj ET Q q 0 0 0 rg BT 292.99 454.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 338.49 454.25 Td (guidance ) Tj ET Q q 0 0 0 rg BT 376.21 454.25 Td (for ) Tj ET Q q 0 0 0 rg BT 389.50 454.25 Td (income ) Tj ET Q q 0 0 0 rg BT 420.56 454.25 Td (taxes ) Tj ET Q q 0 0 0 rg BT 442.73 454.25 Td (which ) Tj ET Q q 0 0 0 rg BT 468.79 454.25 Td (requires ) Tj ET Q q 0 0 0 rg BT 502.63 454.25 Td (the ) Tj ET Q q 0 0 0 rg BT 516.47 454.25 Td (recognition ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.69 442.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 75.26 442.25 Td (benefits ) Tj ET Q q 0 0 0 rg BT 109.27 442.25 Td (or ) Tj ET Q q 0 0 0 rg BT 119.95 442.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 158.41 442.25 Td (on ) Tj ET Q q 0 0 0 rg BT 170.76 442.25 Td (the ) Tj ET Q q 0 0 0 rg BT 185.33 442.25 Td (temporary ) Tj ET Q q 0 0 0 rg BT 228.78 442.25 Td (dif) Tj ET Q q 0 0 0 rg BT 239.71 442.25 Td (ferences ) Tj ET Q q 0 0 0 rg BT 275.37 442.25 Td (between ) Tj ET Q q 0 0 0 rg BT 311.04 442.25 Td (the ) Tj ET Q q 0 0 0 rg BT 325.61 442.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 362.95 442.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 401.96 442.25 Td (and ) Tj ET Q q 0 0 0 rg BT 418.75 442.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 433.32 442.25 Td (bases ) Tj ET Q q 0 0 0 rg BT 457.34 442.25 Td (of ) Tj ET Q q 0 0 0 rg BT 468.02 442.25 Td (its ) Tj ET Q q 0 0 0 rg BT 479.83 442.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 505.51 442.25 Td (and ) Tj ET Q q 0 0 0 rg BT 522.30 442.25 Td (liabilities.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 421.25 Td (The ) Tj ET Q q 0 0 0 rg BT 92.24 421.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 133.82 421.25 Td (follows ) Tj ET Q q 0 0 0 rg BT 166.52 421.25 Td (the ) Tj ET Q q 0 0 0 rg BT 181.43 421.25 Td (guidance ) Tj ET Q q 0 0 0 rg BT 220.22 421.25 Td (for ) Tj ET Q q 0 0 0 rg BT 234.58 421.25 Td (income ) Tj ET Q q 0 0 0 rg BT 266.71 421.25 Td (taxes ) Tj ET Q q 0 0 0 rg BT 289.95 421.25 Td (in ) Tj ET Q q 0 0 0 rg BT 300.42 421.25 Td (recognizing, ) Tj ET Q q 0 0 0 rg BT 352.82 421.25 Td (measuring, ) Tj ET Q q 0 0 0 rg BT 399.67 421.25 Td (presenting ) Tj ET Q q 0 0 0 rg BT 444.02 421.25 Td (and ) Tj ET Q q 0 0 0 rg BT 461.15 421.25 Td (disclosing ) Tj ET Q q 0 0 0 rg BT 504.41 421.25 Td (in ) Tj ET Q q 0 0 0 rg BT 514.88 421.25 Td (its ) Tj ET Q q 0 0 0 rg BT 527.02 421.25 Td (financial ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 409.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 95.00 409.25 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 134.99 409.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 150.00 409.25 Td (positions ) Tj ET Q q 0 0 0 rg BT 188.90 409.25 Td (taken ) Tj ET Q q 0 0 0 rg BT 213.34 409.25 Td (or ) Tj ET Q q 0 0 0 rg BT 224.46 409.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 262.78 409.25 Td (to ) Tj ET Q q 0 0 0 rg BT 273.35 409.25 Td (be ) Tj ET Q q 0 0 0 rg BT 285.58 409.25 Td (taken ) Tj ET Q q 0 0 0 rg BT 310.02 409.25 Td (on ) Tj ET Q q 0 0 0 rg BT 322.81 409.25 Td (its ) Tj ET Q q 0 0 0 rg BT 335.04 409.25 Td (income ) Tj ET Q q 0 0 0 rg BT 367.27 409.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 382.27 409.25 Td (returns. ) Tj ET Q q 0 0 0 rg BT 415.33 409.25 Td (Income ) Tj ET Q q 0 0 0 rg BT 448.10 409.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 463.11 409.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 498.10 409.25 Td (is ) Tj ET Q q 0 0 0 rg BT 507.56 409.25 Td (based ) Tj ET Q q 0 0 0 rg BT 533.12 409.25 Td (on ) Tj ET Q q 0 0 0 rg BT 545.90 409.25 Td (pre-) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 397.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 65.07 397.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 111.80 397.25 Td (income, ) Tj ET Q q 0 0 0 rg BT 146.59 397.25 Td (including ) Tj ET Q q 0 0 0 rg BT 187.22 397.25 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 237.85 397.25 Td (made ) Tj ET Q q 0 0 0 rg BT 262.36 397.25 Td (for ) Tj ET Q q 0 0 0 rg BT 276.87 397.25 Td (the ) Tj ET Q q 0 0 0 rg BT 291.95 397.25 Td (recognition ) Tj ET Q q 0 0 0 rg BT 340.34 397.25 Td (or ) Tj ET Q q 0 0 0 rg BT 351.53 397.25 Td (derecognition ) Tj ET Q q 0 0 0 rg BT 409.36 397.25 Td (related ) Tj ET Q q 0 0 0 rg BT 439.42 397.25 Td (to ) Tj ET Q q 0 0 0 rg BT 450.06 397.25 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 490.11 397.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 505.19 397.25 Td (positions. ) Tj ET Q q 0 0 0 rg BT 546.45 397.25 Td (The ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 385.25 Td (recognition ) Tj ET Q q 0 0 0 rg BT 98.04 385.25 Td (or ) Tj ET Q q 0 0 0 rg BT 108.87 385.25 Td (derecognition ) Tj ET Q q 0 0 0 rg BT 166.35 385.25 Td (of ) Tj ET Q q 0 0 0 rg BT 177.18 385.25 Td (income ) Tj ET Q q 0 0 0 rg BT 209.12 385.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 223.83 385.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 258.54 385.25 Td (related ) Tj ET Q q 0 0 0 rg BT 288.24 385.25 Td (to ) Tj ET Q q 0 0 0 rg BT 298.52 385.25 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 338.22 385.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 352.94 385.25 Td (positions ) Tj ET Q q 0 0 0 rg BT 391.56 385.25 Td (is ) Tj ET Q q 0 0 0 rg BT 400.73 385.25 Td (determined ) Tj ET Q q 0 0 0 rg BT 448.21 385.25 Td (under ) Tj ET Q q 0 0 0 rg BT 473.48 385.25 Td (the ) Tj ET Q q 0 0 0 rg BT 488.19 385.25 Td (guidance.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 364.25 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 111.46 364.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 125.61 364.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 150.87 364.25 Td (and ) Tj ET Q q 0 0 0 rg BT 167.24 364.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 206.39 364.25 Td (are ) Tj ET Q q 0 0 0 rg BT 220.53 364.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 266.33 364.25 Td (for ) Tj ET Q q 0 0 0 rg BT 279.92 364.25 Td (the ) Tj ET Q q 0 0 0 rg BT 294.07 364.25 Td (future ) Tj ET Q q 0 0 0 rg BT 319.88 364.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 334.03 364.25 Td (attributable ) Tj ET Q q 0 0 0 rg BT 381.50 364.25 Td (to ) Tj ET Q q 0 0 0 rg BT 391.21 364.25 Td (dif) Tj ET Q q 0 0 0 rg BT 402.14 364.25 Td (ferences ) Tj ET Q q 0 0 0 rg BT 437.38 364.25 Td (between ) Tj ET Q q 0 0 0 rg BT 472.62 364.25 Td (the ) Tj ET Q q 0 0 0 rg BT 486.77 364.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 523.69 364.25 Td (statement ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 352.25 Td (carrying ) Tj ET Q q 0 0 0 rg BT 85.92 352.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 122.41 352.25 Td (of ) Tj ET Q q 0 0 0 rg BT 133.35 352.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 167.62 352.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 193.55 352.25 Td (and ) Tj ET Q q 0 0 0 rg BT 210.60 352.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 250.42 352.25 Td (and ) Tj ET Q q 0 0 0 rg BT 267.46 352.25 Td (their ) Tj ET Q q 0 0 0 rg BT 288.39 352.25 Td (respective ) Tj ET Q q 0 0 0 rg BT 331.53 352.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 346.35 352.25 Td (bases. ) Tj ET Q q 0 0 0 rg BT 373.12 352.25 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 411.25 352.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 426.07 352.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 452.00 352.25 Td (and ) Tj ET Q q 0 0 0 rg BT 469.05 352.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 508.87 352.25 Td (are ) Tj ET Q q 0 0 0 rg BT 523.68 352.25 Td (measured ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 340.25 Td (using ) Tj ET Q q 0 0 0 rg BT 73.90 340.25 Td (enacted ) Tj ET Q q 0 0 0 rg BT 106.65 340.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 121.10 340.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 142.20 340.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 179.96 340.25 Td (to ) Tj ET Q q 0 0 0 rg BT 189.96 340.25 Td (be ) Tj ET Q q 0 0 0 rg BT 201.62 340.25 Td (recovered ) Tj ET Q q 0 0 0 rg BT 243.26 340.25 Td (or ) Tj ET Q q 0 0 0 rg BT 253.82 340.25 Td (settled. ) Tj ET Q q 0 0 0 rg BT 284.49 340.25 Td (The ) Tj ET Q q 0 0 0 rg BT 302.26 340.25 Td (ef) Tj ET Q q 0 0 0 rg BT 309.85 340.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 327.06 340.25 Td (on ) Tj ET Q q 0 0 0 rg BT 339.28 340.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 374.82 340.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 389.26 340.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 414.81 340.25 Td (and ) Tj ET Q q 0 0 0 rg BT 431.48 340.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 470.92 340.25 Td (of ) Tj ET Q q 0 0 0 rg BT 481.48 340.25 Td (a ) Tj ET Q q 0 0 0 rg BT 488.14 340.25 Td (change ) Tj ET Q q 0 0 0 rg BT 518.68 340.25 Td (in ) Tj ET Q q 0 0 0 rg BT 528.68 340.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 543.13 340.25 Td (rates ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 328.25 Td (is ) Tj ET Q q 0 0 0 rg BT 59.15 328.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 105.49 328.25 Td (in ) Tj ET Q q 0 0 0 rg BT 115.75 328.25 Td (earnings ) Tj ET Q q 0 0 0 rg BT 152.11 328.25 Td (in ) Tj ET Q q 0 0 0 rg BT 162.37 328.25 Td (the ) Tj ET Q q 0 0 0 rg BT 177.07 328.25 Td (period ) Tj ET Q q 0 0 0 rg BT 205.09 328.25 Td (of ) Tj ET Q q 0 0 0 rg BT 215.90 328.25 Td (change. ) Tj ET Q q 0 0 0 rg BT 249.20 328.25 Td (Management ) Tj ET Q q 0 0 0 rg BT 303.88 328.25 Td (applies ) Tj ET Q q 0 0 0 rg BT 334.69 328.25 Td (the ) Tj ET Q q 0 0 0 rg BT 349.38 328.25 Td (more-likely-than-not ) Tj ET Q q 0 0 0 rg BT 439.61 328.25 Td (criteria ) Tj ET Q q 0 0 0 rg BT 474.84 328.25 Td (when ) Tj ET Q q 0 0 0 rg BT 498.98 328.25 Td (determining ) Tj ET Q q 0 0 0 rg BT 549.78 328.25 Td (tax ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 316.25 Td (benefits.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 50.00 290.25 Td (Foreign ) Tj ET Q q 0 0 0 rg BT 85.84 290.25 Td (Currency ) Tj ET Q q 0 0 0 rg BT 127.23 290.25 Td (T) Tj ET Q q 0 0 0 rg BT 132.97 290.25 Td (ranslation) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 273.25 Td (Assets ) Tj ET Q q 0 0 0 rg BT 102.85 273.25 Td (and ) Tj ET Q q 0 0 0 rg BT 120.03 273.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 159.99 273.25 Td (denominated ) Tj ET Q q 0 0 0 rg BT 214.38 273.25 Td (in ) Tj ET Q q 0 0 0 rg BT 224.89 273.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 256.51 273.25 Td (currencies ) Tj ET Q q 0 0 0 rg BT 300.33 273.25 Td (have ) Tj ET Q q 0 0 0 rg BT 321.95 273.25 Td (been ) Tj ET Q q 0 0 0 rg BT 343.57 273.25 Td (translated ) Tj ET Q q 0 0 0 rg BT 385.18 273.25 Td (at ) Tj ET Q q 0 0 0 rg BT 395.13 273.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 416.75 273.25 Td (of ) Tj ET Q q 0 0 0 rg BT 427.82 273.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 468.31 273.25 Td (prevailing ) Tj ET Q q 0 0 0 rg BT 511.59 273.25 Td (at ) Tj ET Q q 0 0 0 rg BT 521.55 273.25 Td (the ) Tj ET Q q 0 0 0 rg BT 536.50 273.25 Td (end ) Tj ET Q q 0 0 0 rg BT 553.68 273.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 261.25 Td (the ) Tj ET Q q 0 0 0 rg BT 63.97 261.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 95.16 261.25 Td (presented ) Tj ET Q q 0 0 0 rg BT 135.23 261.25 Td (in ) Tj ET Q q 0 0 0 rg BT 144.76 261.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 191.47 261.25 Td (with ) Tj ET Q q 0 0 0 rg BT 211.01 261.25 Td (the ) Tj ET Q q 0 0 0 rg BT 224.98 261.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 270.60 261.25 Td (guidance ) Tj ET Q q 0 0 0 rg BT 308.45 261.25 Td (for ) Tj ET Q q 0 0 0 rg BT 321.86 261.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 352.49 261.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 389.22 261.25 Td (translation. ) Tj ET Q q 0 0 0 rg BT 435.68 261.25 Td (Income ) Tj ET Q q 0 0 0 rg BT 467.42 261.25 Td (and ) Tj ET Q q 0 0 0 rg BT 483.61 261.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 521.46 261.25 Td (transacted ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 249.25 Td (in ) Tj ET Q q 0 0 0 rg BT 60.69 249.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 92.49 249.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 130.38 249.25 Td (have ) Tj ET Q q 0 0 0 rg BT 152.17 249.25 Td (been ) Tj ET Q q 0 0 0 rg BT 173.97 249.25 Td (translated ) Tj ET Q q 0 0 0 rg BT 215.76 249.25 Td (at ) Tj ET Q q 0 0 0 rg BT 225.89 249.25 Td (average ) Tj ET Q q 0 0 0 rg BT 259.89 249.25 Td (monthly ) Tj ET Q q 0 0 0 rg BT 296.14 249.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 336.81 249.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 358.60 249.25 Td (during ) Tj ET Q q 0 0 0 rg BT 387.63 249.25 Td (the ) Tj ET Q q 0 0 0 rg BT 402.76 249.25 Td (period. ) Tj ET Q q 0 0 0 rg BT 433.52 249.25 Td (T) Tj ET Q q 0 0 0 rg BT 439.27 249.25 Td (ranslation ) Tj ET Q q 0 0 0 rg BT 481.62 249.25 Td (gains ) Tj ET Q q 0 0 0 rg BT 505.65 249.25 Td (and ) Tj ET Q q 0 0 0 rg BT 523.00 249.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 549.81 249.25 Td (are ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 237.25 Td (included ) Tj ET Q q 0 0 0 rg BT 86.85 237.25 Td (in ) Tj ET Q q 0 0 0 rg BT 97.05 237.25 Td (the ) Tj ET Q q 0 0 0 rg BT 111.69 237.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 142.98 237.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 180.38 237.25 Td (translation ) Tj ET Q q 0 0 0 rg BT 225.01 237.25 Td (adjustment, ) Tj ET Q q 0 0 0 rg BT 273.81 237.25 Td (which ) Tj ET Q q 0 0 0 rg BT 300.67 237.25 Td (is ) Tj ET Q q 0 0 0 rg BT 309.76 237.25 Td (included ) Tj ET Q q 0 0 0 rg BT 346.61 237.25 Td (as ) Tj ET Q q 0 0 0 rg BT 357.36 237.25 Td (a ) Tj ET Q q 0 0 0 rg BT 364.22 237.25 Td (component ) Tj ET Q q 0 0 0 rg BT 411.07 237.25 Td (of ) Tj ET Q q 0 0 0 rg BT 421.82 237.25 Td (other ) Tj ET Q q 0 0 0 rg BT 444.79 237.25 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 507.74 237.25 Td (income ) Tj ET Q q 0 0 0 rg BT 539.59 237.25 Td (in ) Tj ET Q q 0 0 0 rg BT 549.79 237.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 225.25 Td (condensed ) Tj ET Q q 0 0 0 rg BT 93.60 225.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 145.53 225.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 189.13 225.25 Td (of ) Tj ET Q q 0 0 0 rg BT 198.85 225.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 232.45 225.25 Td (in ) Tj ET Q q 0 0 0 rg BT 241.62 225.25 Td (equity) Tj ET Q q 0 0 0 rg BT 265.97 225.25 Td (. ) Tj ET Q q 0 0 0 rg BT 269.86 225.25 Td (Foreign ) Tj ET Q q 0 0 0 rg BT 302.36 225.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 338.72 225.25 Td (transaction ) Tj ET Q q 0 0 0 rg BT 383.98 225.25 Td (gains ) Tj ET Q q 0 0 0 rg BT 406.48 225.25 Td (and ) Tj ET Q q 0 0 0 rg BT 422.31 225.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 447.59 225.25 Td (are ) Tj ET Q q 0 0 0 rg BT 461.19 225.25 Td (included ) Tj ET Q q 0 0 0 rg BT 497.02 225.25 Td (in ) Tj ET Q q 0 0 0 rg BT 506.19 225.25 Td (the ) Tj ET Q q 0 0 0 rg BT 519.79 225.25 Td (condensed ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 213.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 103.04 213.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 147.75 213.25 Td (of ) Tj ET Q q 0 0 0 rg BT 158.58 213.25 Td (income.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 50.00 187.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 93.07 187.25 Td (Instruments ) Tj ET Q q 0 0 0 rg BT 145.59 187.25 Td (and ) Tj ET Q q 0 0 0 rg BT 163.65 187.25 Td (Fair ) Tj ET Q q 0 0 0 rg BT 184.49 187.25 Td (V) Tj ET Q q 0 0 0 rg BT 190.05 187.25 Td (alue) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 170.25 Td (The ) Tj ET Q q 0 0 0 rg BT 92.56 170.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 134.46 170.25 Td (accounts ) Tj ET Q q 0 0 0 rg BT 172.46 170.25 Td (for ) Tj ET Q q 0 0 0 rg BT 187.13 170.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 225.12 170.25 Td (instruments ) Tj ET Q q 0 0 0 rg BT 274.80 170.25 Td (measured ) Tj ET Q q 0 0 0 rg BT 316.13 170.25 Td (at ) Tj ET Q q 0 0 0 rg BT 326.36 170.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 343.25 170.25 Td (value ) Tj ET Q q 0 0 0 rg BT 367.92 170.25 Td (in ) Tj ET Q q 0 0 0 rg BT 378.71 170.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 426.68 170.25 Td (with ) Tj ET Q q 0 0 0 rg BT 447.47 170.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 494.36 170.25 Td (guidance ) Tj ET Q q 0 0 0 rg BT 533.46 170.25 Td (for ) Tj ET Q q 0 0 0 rg BT 548.14 170.25 Td (fair ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 158.25 Td (value ) Tj ET Q q 0 0 0 rg BT 74.71 158.25 Td (measurements ) Tj ET Q q 0 0 0 rg BT 134.96 158.25 Td (and ) Tj ET Q q 0 0 0 rg BT 152.45 158.25 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 199.94 158.25 Td (which ) Tj ET Q q 0 0 0 rg BT 227.43 158.25 Td (establishes ) Tj ET Q q 0 0 0 rg BT 273.81 158.25 Td (a ) Tj ET Q q 0 0 0 rg BT 281.30 158.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 298.23 158.25 Td (value ) Tj ET Q q 0 0 0 rg BT 322.93 158.25 Td (hierarchy ) Tj ET Q q 0 0 0 rg BT 363.74 158.25 Td (that ) Tj ET Q q 0 0 0 rg BT 381.79 158.25 Td (prioritizes ) Tj ET Q q 0 0 0 rg BT 425.38 158.25 Td (the ) Tj ET Q q 0 0 0 rg BT 440.65 158.25 Td (inputs ) Tj ET Q q 0 0 0 rg BT 468.15 158.25 Td (to ) Tj ET Q q 0 0 0 rg BT 478.98 158.25 Td (valuation ) Tj ET Q q 0 0 0 rg BT 519.24 158.25 Td (techniques ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 146.25 Td (used ) Tj ET Q q 0 0 0 rg BT 71.36 146.25 Td (to ) Tj ET Q q 0 0 0 rg BT 82.18 146.25 Td (measure ) Tj ET Q q 0 0 0 rg BT 118.53 146.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 135.44 146.25 Td (value. ) Tj ET Q q 0 0 0 rg BT 162.41 146.25 Td (The ) Tj ET Q q 0 0 0 rg BT 180.99 146.25 Td (hierarchy ) Tj ET Q q 0 0 0 rg BT 221.78 146.25 Td (gives ) Tj ET Q q 0 0 0 rg BT 245.92 146.25 Td (the ) Tj ET Q q 0 0 0 rg BT 261.17 146.25 Td (highest ) Tj ET Q q 0 0 0 rg BT 293.10 146.25 Td (priority ) Tj ET Q q 0 0 0 rg BT 326.13 146.25 Td (to ) Tj ET Q q 0 0 0 rg BT 336.94 146.25 Td (unadjusted ) Tj ET Q q 0 0 0 rg BT 383.30 146.25 Td (quoted ) Tj ET Q q 0 0 0 rg BT 413.55 146.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 440.46 146.25 Td (in ) Tj ET Q q 0 0 0 rg BT 451.27 146.25 Td (active ) Tj ET Q q 0 0 0 rg BT 478.18 146.25 Td (markets ) Tj ET Q q 0 0 0 rg BT 512.87 146.25 Td (for ) Tj ET Q q 0 0 0 rg BT 527.57 146.25 Td (identical ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 134.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 76.58 134.25 Td (or ) Tj ET Q q 0 0 0 rg BT 88.16 134.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 128.63 134.25 Td (\(Level1 ) Tj ET Q q 0 0 0 rg BT 165.48 134.25 Td (measurements\) ) Tj ET Q q 0 0 0 rg BT 229.26 134.25 Td (and ) Tj ET Q q 0 0 0 rg BT 246.95 134.25 Td (the ) Tj ET Q q 0 0 0 rg BT 262.42 134.25 Td (lowest ) Tj ET Q q 0 0 0 rg BT 291.78 134.25 Td (priority ) Tj ET Q q 0 0 0 rg BT 325.03 134.25 Td (to ) Tj ET Q q 0 0 0 rg BT 336.06 134.25 Td (unobservable ) Tj ET Q q 0 0 0 rg BT 392.63 134.25 Td (inputs ) Tj ET Q q 0 0 0 rg BT 420.33 134.25 Td (\(Level3 ) Tj ET Q q 0 0 0 rg BT 457.17 134.25 Td (measurements\). ) Tj ET Q q 0 0 0 rg BT 523.22 134.25 Td (The ) Tj ET Q q 0 0 0 rg BT 542.02 134.25 Td (three ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 122.25 Td (levels ) Tj ET Q q 0 0 0 rg BT 75.83 122.25 Td (of ) Tj ET Q q 0 0 0 rg BT 86.66 122.25 Td (the ) Tj ET Q q 0 0 0 rg BT 101.37 122.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 117.75 122.25 Td (value ) Tj ET Q q 0 0 0 rg BT 141.90 122.25 Td (hierarchy ) Tj ET Q q 0 0 0 rg BT 182.16 122.25 Td (under ) Tj ET Q q 0 0 0 rg BT 207.43 122.25 Td (the ) Tj ET Q q 0 0 0 rg BT 222.14 122.25 Td (pronouncement ) Tj ET Q q 0 0 0 rg BT 286.85 122.25 Td (are ) Tj ET Q q 0 0 0 rg BT 301.55 122.25 Td (described ) Tj ET Q q 0 0 0 rg BT 342.37 122.25 Td (below:) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 63.50 96.25 Td (Basis ) Tj ET Q q 0 0 0 rg BT 87.67 96.25 Td (of ) Tj ET Q q 0 0 0 rg BT 97.95 96.25 Td (Fair ) Tj ET Q q 0 0 0 rg BT 118.23 96.25 Td (V) Tj ET Q q 0 0 0 rg BT 123.23 96.25 Td (alue ) Tj ET Q q 0 0 0 rg BT 142.94 96.25 Td (Measur) Tj ET Q q 0 0 0 rg BT 173.12 96.25 Td (ement) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 79.25 Td (Level1 ) Tj ET Q q 0 0 0 rg BT 114.10 79.25 Td (Unadjusted ) Tj ET Q q 0 0 0 rg BT 161.98 79.25 Td (quoted ) Tj ET Q q 0 0 0 rg BT 191.53 79.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 217.75 79.25 Td (in ) Tj ET Q q 0 0 0 rg BT 227.86 79.25 Td (active ) Tj ET Q q 0 0 0 rg BT 254.07 79.25 Td (markets ) Tj ET Q q 0 0 0 rg BT 288.06 79.25 Td (that ) Tj ET Q q 0 0 0 rg BT 305.39 79.25 Td (are ) Tj ET Q q 0 0 0 rg BT 319.93 79.25 Td (accessible ) Tj ET Q q 0 0 0 rg BT 362.80 79.25 Td (at ) Tj ET Q q 0 0 0 rg BT 372.35 79.25 Td (the ) Tj ET Q q 0 0 0 rg BT 386.90 79.25 Td (measurement ) Tj ET Q q 0 0 0 rg BT 442.55 79.25 Td (date ) Tj ET Q q 0 0 0 rg BT 461.54 79.25 Td (for ) Tj ET Q q 0 0 0 rg BT 475.54 79.25 Td (identical, ) Tj ET Q q 0 0 0 rg BT 514.80 79.25 Td (unrestricted ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 67.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 75.83 67.25 Td (or ) Tj ET Q q 0 0 0 rg BT 86.66 67.25 Td (liabilities;) Tj ET Q endstream endobj 27 0 obj <> endobj 28 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (13) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 742.10 Td (Level2 ) Tj ET Q q 0 0 0 rg BT 113.59 742.10 Td (Quoted ) Tj ET Q q 0 0 0 rg BT 144.86 742.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 170.56 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 180.17 742.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 213.65 742.10 Td (that ) Tj ET Q q 0 0 0 rg BT 230.47 742.10 Td (are ) Tj ET Q q 0 0 0 rg BT 244.51 742.10 Td (not ) Tj ET Q q 0 0 0 rg BT 259.11 742.10 Td (active ) Tj ET Q q 0 0 0 rg BT 284.81 742.10 Td (or ) Tj ET Q q 0 0 0 rg BT 294.97 742.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 331.78 742.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 380.27 742.10 Td (for ) Tj ET Q q 0 0 0 rg BT 393.76 742.10 Td (which ) Tj ET Q q 0 0 0 rg BT 420.03 742.10 Td (all ) Tj ET Q q 0 0 0 rg BT 431.85 742.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 475.89 742.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 502.16 742.10 Td (are ) Tj ET Q q 0 0 0 rg BT 516.20 742.10 Td (observable, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (either ) Tj ET Q q 0 0 0 rg BT 75.26 730.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 108.31 730.10 Td (or ) Tj ET Q q 0 0 0 rg BT 119.14 730.10 Td (indirectly;and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 709.10 Td (Level3 ) Tj ET Q q 0 0 0 rg BT 114.25 709.10 Td (Prices ) Tj ET Q q 0 0 0 rg BT 141.18 709.10 Td (or ) Tj ET Q q 0 0 0 rg BT 152.00 709.10 Td (valuations ) Tj ET Q q 0 0 0 rg BT 195.60 709.10 Td (that ) Tj ET Q q 0 0 0 rg BT 213.08 709.10 Td (require ) Tj ET Q q 0 0 0 rg BT 243.89 709.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 270.83 709.10 Td (that ) Tj ET Q q 0 0 0 rg BT 288.31 709.10 Td (are ) Tj ET Q q 0 0 0 rg BT 303.01 709.10 Td (both ) Tj ET Q q 0 0 0 rg BT 323.28 709.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 367.98 709.10 Td (to ) Tj ET Q q 0 0 0 rg BT 378.25 709.10 Td (the ) Tj ET Q q 0 0 0 rg BT 392.96 709.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 409.32 709.10 Td (value ) Tj ET Q q 0 0 0 rg BT 433.47 709.10 Td (measurement ) Tj ET Q q 0 0 0 rg BT 489.27 709.10 Td (and ) Tj ET Q q 0 0 0 rg BT 506.20 709.10 Td (unobservable.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 688.10 Td (A) Tj ET Q q 0 0 0 rg BT 80.67 688.10 Td ( ) Tj ET Q q 0 0 0 rg BT 83.25 688.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 120.82 688.10 Td (instrument) Tj ET Q q 0 0 0 rg BT 166.37 688.10 Td (s ) Tj ET Q q 0 0 0 rg BT 172.84 688.10 Td (level ) Tj ET Q q 0 0 0 rg BT 194.86 688.10 Td (within ) Tj ET Q q 0 0 0 rg BT 223.00 688.10 Td (the ) Tj ET Q q 0 0 0 rg BT 237.80 688.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 254.26 688.10 Td (value ) Tj ET Q q 0 0 0 rg BT 278.50 688.10 Td (hierarchy ) Tj ET Q q 0 0 0 rg BT 318.83 688.10 Td (is ) Tj ET Q q 0 0 0 rg BT 328.09 688.10 Td (based ) Tj ET Q q 0 0 0 rg BT 353.44 688.10 Td (on ) Tj ET Q q 0 0 0 rg BT 366.02 688.10 Td (the ) Tj ET Q q 0 0 0 rg BT 380.82 688.10 Td (lowest ) Tj ET Q q 0 0 0 rg BT 409.51 688.10 Td (level ) Tj ET Q q 0 0 0 rg BT 431.53 688.10 Td (of ) Tj ET Q q 0 0 0 rg BT 442.44 688.10 Td (any ) Tj ET Q q 0 0 0 rg BT 459.46 688.10 Td (input ) Tj ET Q q 0 0 0 rg BT 482.60 688.10 Td (that ) Tj ET Q q 0 0 0 rg BT 500.18 688.10 Td (is ) Tj ET Q q 0 0 0 rg BT 509.43 688.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 554.23 688.10 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 676.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.65 676.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 80.96 676.10 Td (value ) Tj ET Q q 0 0 0 rg BT 105.06 676.10 Td (measurement. ) Tj ET Q q 0 0 0 rg BT 163.30 676.10 Td (In ) Tj ET Q q 0 0 0 rg BT 174.07 676.10 Td (determining ) Tj ET Q q 0 0 0 rg BT 224.82 676.10 Td (the ) Tj ET Q q 0 0 0 rg BT 239.48 676.10 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 287.44 676.10 Td (levels, ) Tj ET Q q 0 0 0 rg BT 315.70 676.10 Td (the ) Tj ET Q q 0 0 0 rg BT 330.36 676.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 371.68 676.10 Td (performs ) Tj ET Q q 0 0 0 rg BT 410.21 676.10 Td (an ) Tj ET Q q 0 0 0 rg BT 422.09 676.10 Td (analysis ) Tj ET Q q 0 0 0 rg BT 456.74 676.10 Td (of ) Tj ET Q q 0 0 0 rg BT 467.50 676.10 Td (the ) Tj ET Q q 0 0 0 rg BT 482.16 676.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 507.92 676.10 Td (and ) Tj ET Q q 0 0 0 rg BT 524.80 676.10 Td (liabilities ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 664.10 Td (that ) Tj ET Q q 0 0 0 rg BT 68.00 664.10 Td (are ) Tj ET Q q 0 0 0 rg BT 83.21 664.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 114.54 664.10 Td (to ) Tj ET Q q 0 0 0 rg BT 125.32 664.10 Td (these ) Tj ET Q q 0 0 0 rg BT 148.87 664.10 Td (disclosures. ) Tj ET Q q 0 0 0 rg BT 198.15 664.10 Td (At ) Tj ET Q q 0 0 0 rg BT 211.15 664.10 Td (each ) Tj ET Q q 0 0 0 rg BT 232.47 664.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 272.13 664.10 Td (period, ) Tj ET Q q 0 0 0 rg BT 303.18 664.10 Td (all ) Tj ET Q q 0 0 0 rg BT 316.17 664.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 342.51 664.10 Td (and ) Tj ET Q q 0 0 0 rg BT 359.95 664.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 400.17 664.10 Td (for ) Tj ET Q q 0 0 0 rg BT 414.83 664.10 Td (which ) Tj ET Q q 0 0 0 rg BT 442.27 664.10 Td (the ) Tj ET Q q 0 0 0 rg BT 457.49 664.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 474.37 664.10 Td (value ) Tj ET Q q 0 0 0 rg BT 499.03 664.10 Td (measurement ) Tj ET Q q 0 0 0 rg BT 555.34 664.10 Td (is ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 652.10 Td (based ) Tj ET Q q 0 0 0 rg BT 74.76 652.10 Td (on ) Tj ET Q q 0 0 0 rg BT 86.75 652.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 130.95 652.10 Td (unobservable ) Tj ET Q q 0 0 0 rg BT 186.26 652.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 212.70 652.10 Td (or ) Tj ET Q q 0 0 0 rg BT 223.02 652.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 271.68 652.10 Td (which ) Tj ET Q q 0 0 0 rg BT 298.11 652.10 Td (trade ) Tj ET Q q 0 0 0 rg BT 320.08 652.10 Td (infrequently ) Tj ET Q q 0 0 0 rg BT 370.95 652.10 Td (and ) Tj ET Q q 0 0 0 rg BT 387.38 652.10 Td (therefore ) Tj ET Q q 0 0 0 rg BT 425.45 652.10 Td (have ) Tj ET Q q 0 0 0 rg BT 446.32 652.10 Td (little ) Tj ET Q q 0 0 0 rg BT 466.64 652.10 Td (or ) Tj ET Q q 0 0 0 rg BT 476.96 652.10 Td (no ) Tj ET Q q 0 0 0 rg BT 488.95 652.10 Td (price ) Tj ET Q q 0 0 0 rg BT 510.93 652.10 Td (transparency ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 640.10 Td (are ) Tj ET Q q 0 0 0 rg BT 64.71 640.10 Td (classified ) Tj ET Q q 0 0 0 rg BT 104.97 640.10 Td (as ) Tj ET Q q 0 0 0 rg BT 115.80 640.10 Td (Level3. ) Tj ET Q q 0 0 0 rg BT 150.88 640.10 Td (T) Tj ET Q q 0 0 0 rg BT 156.64 640.10 Td (ransfers ) Tj ET Q q 0 0 0 rg BT 190.79 640.10 Td (between ) Tj ET Q q 0 0 0 rg BT 226.61 640.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 252.43 640.10 Td (are ) Tj ET Q q 0 0 0 rg BT 267.14 640.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 313.50 640.10 Td (as ) Tj ET Q q 0 0 0 rg BT 324.33 640.10 Td (of ) Tj ET Q q 0 0 0 rg BT 335.16 640.10 Td (the ) Tj ET Q q 0 0 0 rg BT 349.88 640.10 Td (end ) Tj ET Q q 0 0 0 rg BT 366.82 640.10 Td (of ) Tj ET Q q 0 0 0 rg BT 377.65 640.10 Td (the ) Tj ET Q q 0 0 0 rg BT 392.36 640.10 Td (period ) Tj ET Q q 0 0 0 rg BT 420.41 640.10 Td (in ) Tj ET Q q 0 0 0 rg BT 430.69 640.10 Td (which ) Tj ET Q q 0 0 0 rg BT 457.63 640.10 Td (they ) Tj ET Q q 0 0 0 rg BT 477.34 640.10 Td (occur) Tj ET Q q 0 0 0 rg BT 499.00 640.10 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 63.50 614.60 Td (Fair ) Tj ET Q q 0 0 0 rg BT 83.78 614.60 Td (V) Tj ET Q q 0 0 0 rg BT 88.78 614.60 Td (alue ) Tj ET Q q 0 0 0 rg BT 108.50 614.60 Td (of ) Tj ET Q q 0 0 0 rg BT 118.77 614.60 Td (Other ) Tj ET Q q 0 0 0 rg BT 144.60 614.60 Td (Financial ) Tj ET Q q 0 0 0 rg BT 185.99 614.60 Td (Instruments ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 598.10 Td (The ) Tj ET Q q 0 0 0 rg BT 92.24 598.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 133.83 598.10 Td (believes ) Tj ET Q q 0 0 0 rg BT 169.29 598.10 Td (that ) Tj ET Q q 0 0 0 rg BT 186.98 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 201.90 598.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 237.91 598.10 Td (values ) Tj ET Q q 0 0 0 rg BT 266.16 598.10 Td (of ) Tj ET Q q 0 0 0 rg BT 277.18 598.10 Td (all ) Tj ET Q q 0 0 0 rg BT 289.88 598.10 Td (other ) Tj ET Q q 0 0 0 rg BT 313.12 598.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 350.80 598.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 400.16 598.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 441.18 598.10 Td (in ) Tj ET Q q 0 0 0 rg BT 451.65 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 466.57 598.10 Td (condensed ) Tj ET Q q 0 0 0 rg BT 511.47 598.10 Td (consolidated ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 95.27 586.10 Td (of ) Tj ET Q q 0 0 0 rg BT 106.65 586.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 144.68 586.10 Td (condition ) Tj ET Q q 0 0 0 rg BT 185.51 586.10 Td (approximate ) Tj ET Q q 0 0 0 rg BT 238.54 586.10 Td (their ) Tj ET Q q 0 0 0 rg BT 259.92 586.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 276.85 586.10 Td (value ) Tj ET Q q 0 0 0 rg BT 301.56 586.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 341.81 586.10 Td (due ) Tj ET Q q 0 0 0 rg BT 359.31 586.10 Td (to ) Tj ET Q q 0 0 0 rg BT 370.14 586.10 Td (their ) Tj ET Q q 0 0 0 rg BT 391.52 586.10 Td (short-term ) Tj ET Q q 0 0 0 rg BT 436.23 586.10 Td (nature ) Tj ET Q q 0 0 0 rg BT 464.26 586.10 Td (and ) Tj ET Q q 0 0 0 rg BT 481.76 586.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 522.01 586.10 Td (negligible ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 75.26 574.10 Td (risk. ) Tj ET Q q 0 0 0 rg BT 95.08 574.10 Td (These ) Tj ET Q q 0 0 0 rg BT 121.46 574.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 137.84 574.10 Td (value ) Tj ET Q q 0 0 0 rg BT 161.99 574.10 Td (measurements ) Tj ET Q q 0 0 0 rg BT 221.69 574.10 Td (would ) Tj ET Q q 0 0 0 rg BT 249.19 574.10 Td (be ) Tj ET Q q 0 0 0 rg BT 261.13 574.10 Td (categorized ) Tj ET Q q 0 0 0 rg BT 309.71 574.10 Td (as ) Tj ET Q q 0 0 0 rg BT 320.54 574.10 Td (Level ) Tj ET Q q 0 0 0 rg BT 345.81 574.10 Td (2 ) Tj ET Q q 0 0 0 rg BT 353.31 574.10 Td (within ) Tj ET Q q 0 0 0 rg BT 381.36 574.10 Td (the ) Tj ET Q q 0 0 0 rg BT 396.08 574.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 412.46 574.10 Td (value ) Tj ET Q q 0 0 0 rg BT 436.61 574.10 Td (hierarchy) Tj ET Q q 0 0 0 rg BT 473.72 574.10 Td (. ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 50.00 548.10 Td (Noncontrolling ) Tj ET Q q 0 0 0 rg BT 115.85 548.10 Td (Interests) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 531.10 Td (The ) Tj ET Q q 0 0 0 rg BT 92.43 531.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 124.19 531.10 Td (of ) Tj ET Q q 0 0 0 rg BT 135.40 531.10 Td (the ) Tj ET Q q 0 0 0 rg BT 150.50 531.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 203.92 531.10 Td (interests ) Tj ET Q q 0 0 0 rg BT 240.13 531.10 Td (in ) Tj ET Q q 0 0 0 rg BT 250.79 531.10 Td (the ) Tj ET Q q 0 0 0 rg BT 265.88 531.10 Td (general ) Tj ET Q q 0 0 0 rg BT 298.19 531.10 Td (partners ) Tj ET Q q 0 0 0 rg BT 333.27 531.10 Td (of ) Tj ET Q q 0 0 0 rg BT 344.48 531.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 374.56 531.10 Td (of ) Tj ET Q q 0 0 0 rg BT 385.77 531.10 Td (the ) Tj ET Q q 0 0 0 rg BT 400.87 531.10 Td (merchant ) Tj ET Q q 0 0 0 rg BT 440.95 531.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 476.05 531.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 501.15 531.10 Td (not ) Tj ET Q q 0 0 0 rg BT 516.81 531.10 Td (held ) Tj ET Q q 0 0 0 rg BT 536.91 531.10 Td (by ) Tj ET Q q 0 0 0 rg BT 549.79 531.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 519.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 91.28 519.10 Td (is ) Tj ET Q q 0 0 0 rg BT 100.35 519.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 141.06 519.10 Td (as ) Tj ET Q q 0 0 0 rg BT 151.79 519.10 Td (noncontrolling ) Tj ET Q q 0 0 0 rg BT 213.07 519.10 Td (interest, ) Tj ET Q q 0 0 0 rg BT 247.40 519.10 Td (included ) Tj ET Q q 0 0 0 rg BT 284.23 519.10 Td (as ) Tj ET Q q 0 0 0 rg BT 294.95 519.10 Td (a ) Tj ET Q q 0 0 0 rg BT 301.79 519.10 Td (component ) Tj ET Q q 0 0 0 rg BT 348.62 519.10 Td (of ) Tj ET Q q 0 0 0 rg BT 359.34 519.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 386.74 519.10 Td (in ) Tj ET Q q 0 0 0 rg BT 396.91 519.10 Td (the ) Tj ET Q q 0 0 0 rg BT 411.52 519.10 Td (condensed ) Tj ET Q q 0 0 0 rg BT 456.13 519.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 509.07 519.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 553.67 519.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 507.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 87.81 507.10 Td (condition. ) Tj ET Q q 0 0 0 rg BT 130.28 507.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 180.18 507.10 Td (, ) Tj ET Q q 0 0 0 rg BT 185.51 507.10 Td (the ) Tj ET Q q 0 0 0 rg BT 200.55 507.10 Td (condensed ) Tj ET Q q 0 0 0 rg BT 245.58 507.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 298.95 507.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 343.98 507.10 Td (of ) Tj ET Q q 0 0 0 rg BT 355.14 507.10 Td (income ) Tj ET Q q 0 0 0 rg BT 387.40 507.10 Td (separately ) Tj ET Q q 0 0 0 rg BT 430.75 507.10 Td (present ) Tj ET Q q 0 0 0 rg BT 462.46 507.10 Td (income ) Tj ET Q q 0 0 0 rg BT 494.71 507.10 Td (allocated ) Tj ET Q q 0 0 0 rg BT 533.63 507.10 Td (to ) Tj ET Q q 0 0 0 rg BT 544.23 507.10 Td (both ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 495.10 Td (noncontrolling ) Tj ET Q q 0 0 0 rg BT 111.38 495.10 Td (interests ) Tj ET Q q 0 0 0 rg BT 147.21 495.10 Td (and ) Tj ET Q q 0 0 0 rg BT 164.15 495.10 Td (common ) Tj ET Q q 0 0 0 rg BT 201.64 495.10 Td (stockholders.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 50.00 469.10 Td (Property ) Tj ET Q q 0 0 0 rg BT 88.05 469.10 Td (and ) Tj ET Q q 0 0 0 rg BT 106.11 469.10 Td (Equipment) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 452.10 Td (Property ) Tj ET Q q 0 0 0 rg BT 111.22 452.10 Td (and ) Tj ET Q q 0 0 0 rg BT 128.45 452.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 173.44 452.10 Td (is ) Tj ET Q q 0 0 0 rg BT 182.90 452.10 Td (stated ) Tj ET Q q 0 0 0 rg BT 209.01 452.10 Td (at ) Tj ET Q q 0 0 0 rg BT 219.01 452.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 237.90 452.10 Td (less ) Tj ET Q q 0 0 0 rg BT 255.69 452.10 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 309.00 452.10 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 361.20 452.10 Td (and ) Tj ET Q q 0 0 0 rg BT 378.43 452.10 Td (amortization. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 434.25 452.10 Td (Depreciation ) Tj ET Q q 0 0 0 rg BT 488.67 452.10 Td (is ) Tj ET Q q 0 0 0 rg BT 498.13 452.10 Td (computed ) Tj ET Q q 0 0 0 rg BT 540.35 452.10 Td (using ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 440.10 Td (the ) Tj ET Q q 0 0 0 rg BT 65.01 440.10 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 116.12 440.10 Td (method ) Tj ET Q q 0 0 0 rg BT 148.91 440.10 Td (over ) Tj ET Q q 0 0 0 rg BT 169.47 440.10 Td (the ) Tj ET Q q 0 0 0 rg BT 184.48 440.10 Td (life ) Tj ET Q q 0 0 0 rg BT 200.59 440.10 Td (of ) Tj ET Q q 0 0 0 rg BT 211.72 440.10 Td (the ) Tj ET Q q 0 0 0 rg BT 226.73 440.10 Td (assets. ) Tj ET Q q 0 0 0 rg BT 254.73 440.10 Td (Amortization ) Tj ET Q q 0 0 0 rg BT 310.84 440.10 Td (of ) Tj ET Q q 0 0 0 rg BT 321.97 440.10 Td (leasehold ) Tj ET Q q 0 0 0 rg BT 362.52 440.10 Td (improvements ) Tj ET Q q 0 0 0 rg BT 422.53 440.10 Td (is ) Tj ET Q q 0 0 0 rg BT 431.99 440.10 Td (computed ) Tj ET Q q 0 0 0 rg BT 474.21 440.10 Td (using ) Tj ET Q q 0 0 0 rg BT 498.67 440.10 Td (the ) Tj ET Q q 0 0 0 rg BT 513.68 440.10 Td (straight-line ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 428.10 Td (method ) Tj ET Q q 0 0 0 rg BT 82.73 428.10 Td (over ) Tj ET Q q 0 0 0 rg BT 103.24 428.10 Td (the ) Tj ET Q q 0 0 0 rg BT 118.20 428.10 Td (lesser ) Tj ET Q q 0 0 0 rg BT 143.70 428.10 Td (of ) Tj ET Q q 0 0 0 rg BT 154.77 428.10 Td (the ) Tj ET Q q 0 0 0 rg BT 169.73 428.10 Td (life ) Tj ET Q q 0 0 0 rg BT 185.79 428.10 Td (of ) Tj ET Q q 0 0 0 rg BT 196.86 428.10 Td (the ) Tj ET Q q 0 0 0 rg BT 211.81 428.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 233.99 428.10 Td (or ) Tj ET Q q 0 0 0 rg BT 245.06 428.10 Td (the ) Tj ET Q q 0 0 0 rg BT 260.01 428.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 303.29 428.10 Td (term ) Tj ET Q q 0 0 0 rg BT 324.36 428.10 Td (of ) Tj ET Q q 0 0 0 rg BT 335.42 428.10 Td (the ) Tj ET Q q 0 0 0 rg BT 350.38 428.10 Td (lease.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 372.87 428.10 Td ( ) Tj ET Q q 0 0 0 rg BT 375.60 428.10 Td (Estimated ) Tj ET Q q 0 0 0 rg BT 418.33 428.10 Td (useful ) Tj ET Q q 0 0 0 rg BT 445.51 428.10 Td (lives ) Tj ET Q q 0 0 0 rg BT 467.13 428.10 Td (of ) Tj ET Q q 0 0 0 rg BT 478.20 428.10 Td (the ) Tj ET Q q 0 0 0 rg BT 493.16 428.10 Td (Company) Tj ET Q q 0 0 0 rg BT 534.82 428.10 Td (s ) Tj ET Q q 0 0 0 rg BT 541.45 428.10 Td (fixed ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 416.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 75.83 416.10 Td (are ) Tj ET Q q 0 0 0 rg BT 90.54 416.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 130.24 416.10 Td (as ) Tj ET Q q 0 0 0 rg BT 141.07 416.10 Td (follows:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 395.10 Td (Aircraft ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 115.65 395.10 Td (7) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 120.65 395.10 Td (years) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 374.10 Td (Equipment ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 127.88 374.10 Td (5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 132.88 374.10 Td (years) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 353.10 Td (Furniture ) Tj ET Q q 0 0 0 rg BT 113.72 353.10 Td (and ) Tj ET Q q 0 0 0 rg BT 130.66 353.10 Td (fixtures ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 171.20 353.10 Td (7) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 176.20 353.10 Td (years) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 332.10 Td (Leasehold ) Tj ET Q q 0 0 0 rg BT 117.59 332.10 Td (improvements ) Tj ET Q q 0 0 0 rg BT 184.81 332.10 Td (the ) Tj ET Q q 0 0 0 rg BT 199.52 332.10 Td (lesser ) Tj ET Q q 0 0 0 rg BT 224.79 332.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 235.62 332.10 Td (10) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 245.62 332.10 Td (years ) Tj ET Q q 0 0 0 rg BT 271.72 332.10 Td (or ) Tj ET Q q 0 0 0 rg BT 282.55 332.10 Td (the ) Tj ET Q q 0 0 0 rg BT 297.27 332.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 340.31 332.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 362.79 332.10 Td (term) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 309.25 Td (Note3 Investments) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 50.00 292.25 Td (Merchant Banking Funds) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 275.25 Td (The ) Tj ET Q q 0 0 0 rg BT 90.64 275.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 132.12 275.25 Td (has ) Tj ET Q q 0 0 0 rg BT 148.04 275.25 Td (invested ) Tj ET Q q 0 0 0 rg BT 183.96 275.25 Td (in ) Tj ET Q q 0 0 0 rg BT 194.33 275.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 224.13 275.25 Td (previously ) Tj ET Q q 0 0 0 rg BT 268.94 275.25 Td (sponsored ) Tj ET Q q 0 0 0 rg BT 312.08 275.25 Td (merchant ) Tj ET Q q 0 0 0 rg BT 351.88 275.25 Td (banking ) Tj ET Q q 0 0 0 rg BT 386.68 275.25 Td (funds: ) Tj ET Q q 0 0 0 rg BT 414.28 275.25 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 454.63 275.25 Td (Capital ) Tj ET Q q 0 0 0 rg BT 486.11 275.25 Td (Partners ) Tj ET Q q 0 0 0 rg BT 521.47 275.25 Td (\(GCP) Tj ET Q q 0 0 0 rg BT 548.32 275.25 Td ( ) Tj ET Q q 0 0 0 rg BT 550.91 275.25 Td (I\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 263.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.77 263.25 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 106.86 263.25 Td (Capital ) Tj ET Q q 0 0 0 rg BT 138.07 263.25 Td (Partners ) Tj ET Q q 0 0 0 rg BT 173.17 263.25 Td (II ) Tj ET Q q 0 0 0 rg BT 182.15 263.25 Td (\(GCP) Tj ET Q q 0 0 0 rg BT 209.00 263.25 Td ( ) Tj ET Q q 0 0 0 rg BT 211.33 263.25 Td (II\), ) Tj ET Q q 0 0 0 rg BT 230.59 263.25 Td (which ) Tj ET Q q 0 0 0 rg BT 257.36 263.25 Td (are ) Tj ET Q q 0 0 0 rg BT 271.89 263.25 Td (families ) Tj ET Q q 0 0 0 rg BT 306.43 263.25 Td (of ) Tj ET Q q 0 0 0 rg BT 317.09 263.25 Td (merchant ) Tj ET Q q 0 0 0 rg BT 356.62 263.25 Td (banking ) Tj ET Q q 0 0 0 rg BT 391.16 263.25 Td (funds. ) Tj ET Q q 0 0 0 rg BT 418.21 263.25 Td ( ) Tj ET Q q 0 0 0 rg BT 420.54 263.25 Td (In ) Tj ET Q q 0 0 0 rg BT 431.20 263.25 Td (July ) Tj ET Q q 0 0 0 rg BT 450.20 263.25 Td (2013, ) Tj ET Q q 0 0 0 rg BT 475.03 263.25 Td (the ) Tj ET Q q 0 0 0 rg BT 489.57 263.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 530.79 263.25 Td (sold ) Tj ET Q q 0 0 0 rg BT 549.78 263.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 251.25 Td (remaining ) Tj ET Q q 0 0 0 rg BT 92.45 251.25 Td (limited ) Tj ET Q q 0 0 0 rg BT 122.68 251.25 Td (partnership ) Tj ET Q q 0 0 0 rg BT 169.57 251.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 200.91 251.25 Td (in ) Tj ET Q q 0 0 0 rg BT 210.60 251.25 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 250.27 251.25 Td (Capital ) Tj ET Q q 0 0 0 rg BT 281.06 251.25 Td (Partners ) Tj ET Q q 0 0 0 rg BT 315.73 251.25 Td (III ) Tj ET Q q 0 0 0 rg BT 327.63 251.25 Td (for ) Tj ET Q q 0 0 0 rg BT 341.19 251.25 Td (approximately ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.86 251.25 Td ($2.0 ) Tj ET Q q 0 0 0 rg BT 420.26 251.25 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.15 251.25 Td (, ) Tj ET Q q 0 0 0 rg BT 453.56 251.25 Td (which ) Tj ET Q q 0 0 0 rg BT 479.90 251.25 Td (represented ) Tj ET Q q 0 0 0 rg BT 527.89 251.25 Td (the ) Tj ET Q q 0 0 0 rg BT 542.02 251.25 Td (book ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 239.25 Td (value ) Tj ET Q q 0 0 0 rg BT 73.19 239.25 Td (of ) Tj ET Q q 0 0 0 rg BT 83.06 239.25 Td (the ) Tj ET Q q 0 0 0 rg BT 96.82 239.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 142.24 239.25 Td (at ) Tj ET Q q 0 0 0 rg BT 150.99 239.25 Td (June ) Tj ET Q q 0 0 0 rg BT 170.86 239.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 184.90 239.25 Td (2013. ) Tj ET Q q 0 0 0 rg BT 208.94 239.25 Td ( ) Tj ET Q q 0 0 0 rg BT 210.47 239.25 Td (In ) Tj ET Q q 0 0 0 rg BT 220.34 239.25 Td (connection ) Tj ET Q q 0 0 0 rg BT 265.75 239.25 Td (with ) Tj ET Q q 0 0 0 rg BT 285.07 239.25 Td (that ) Tj ET Q q 0 0 0 rg BT 301.60 239.25 Td (sale, ) Tj ET Q q 0 0 0 rg BT 321.19 239.25 Td (the ) Tj ET Q q 0 0 0 rg BT 334.94 239.25 Td (purchasers ) Tj ET Q q 0 0 0 rg BT 379.24 239.25 Td (assumed ) Tj ET Q q 0 0 0 rg BT 415.21 239.25 Td (the ) Tj ET Q q 0 0 0 rg BT 428.97 239.25 Td (remaining ) Tj ET Q q 0 0 0 rg BT 471.05 239.25 Td (undrawn ) Tj ET Q q 0 0 0 rg BT 507.58 239.25 Td (commitments ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 227.25 Td (to ) Tj ET Q q 0 0 0 rg BT 60.28 227.25 Td (the ) Tj ET Q q 0 0 0 rg BT 75.00 227.25 Td (fund.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 210.25 Td (The ) Tj ET Q q 0 0 0 rg BT 90.29 210.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 131.43 210.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 177.53 210.25 Td (a ) Tj ET Q q 0 0 0 rg BT 184.22 210.25 Td (gain ) Tj ET Q q 0 0 0 rg BT 203.68 210.25 Td (at ) Tj ET Q q 0 0 0 rg BT 213.14 210.25 Td (the ) Tj ET Q q 0 0 0 rg BT 227.61 210.25 Td (time ) Tj ET Q q 0 0 0 rg BT 247.63 210.25 Td (of ) Tj ET Q q 0 0 0 rg BT 258.20 210.25 Td (the ) Tj ET Q q 0 0 0 rg BT 272.67 210.25 Td (exit ) Tj ET Q q 0 0 0 rg BT 289.91 210.25 Td (from ) Tj ET Q q 0 0 0 rg BT 311.59 210.25 Td (the ) Tj ET Q q 0 0 0 rg BT 326.05 210.25 Td (merchant ) Tj ET Q q 0 0 0 rg BT 365.50 210.25 Td (banking ) Tj ET Q q 0 0 0 rg BT 399.97 210.25 Td (business, ) Tj ET Q q 0 0 0 rg BT 438.60 210.25 Td (which ) Tj ET Q q 0 0 0 rg BT 465.29 210.25 Td (is ) Tj ET Q q 0 0 0 rg BT 474.20 210.25 Td (amortizing ) Tj ET Q q 0 0 0 rg BT 519.77 210.25 Td (over ) Tj ET Q q 0 0 0 rg BT 539.79 210.25 Td (a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 546.47 210.25 Td (five) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 562.02 210.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 198.25 Td (year ) Tj ET Q q 0 0 0 rg BT 69.71 198.25 Td (period ) Tj ET Q q 0 0 0 rg BT 97.75 198.25 Td (ending ) Tj ET Q q 0 0 0 rg BT 127.47 198.25 Td (in ) Tj ET Q q 0 0 0 rg BT 137.75 198.25 Td (2014. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 177.25 Td (As ) Tj ET Q q 0 0 0 rg BT 87.90 177.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 99.02 177.25 Td (September30, ) Tj ET Q q 0 0 0 rg BT 159.58 177.25 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 179.58 177.25 Td (, ) Tj ET Q q 0 0 0 rg BT 184.87 177.25 Td (the ) Tj ET Q q 0 0 0 rg BT 199.87 177.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 241.55 177.25 Td (continues ) Tj ET Q q 0 0 0 rg BT 282.66 177.25 Td (to ) Tj ET Q q 0 0 0 rg BT 293.23 177.25 Td (retain ) Tj ET Q q 0 0 0 rg BT 318.78 177.25 Td (control ) Tj ET Q q 0 0 0 rg BT 349.90 177.25 Td (only ) Tj ET Q q 0 0 0 rg BT 370.47 177.25 Td (of ) Tj ET Q q 0 0 0 rg BT 381.59 177.25 Td (the ) Tj ET Q q 0 0 0 rg BT 396.59 177.25 Td (general ) Tj ET Q q 0 0 0 rg BT 428.81 177.25 Td (partner ) Tj ET Q q 0 0 0 rg BT 459.91 177.25 Td (of ) Tj ET Q q 0 0 0 rg BT 471.03 177.25 Td (GCP) Tj ET Q q 0 0 0 rg BT 490.11 177.25 Td ( ) Tj ET Q q 0 0 0 rg BT 492.90 177.25 Td (I ) Tj ET Q q 0 0 0 rg BT 499.02 177.25 Td (and ) Tj ET Q q 0 0 0 rg BT 516.25 177.25 Td (GCP) Tj ET Q q 0 0 0 rg BT 535.33 177.25 Td ( ) Tj ET Q q 0 0 0 rg BT 538.12 177.25 Td (II ) Tj ET Q q 0 0 0 rg BT 547.57 177.25 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 165.25 Td (consolidates ) Tj ET Q q 0 0 0 rg BT 101.92 165.25 Td (the ) Tj ET Q q 0 0 0 rg BT 116.63 165.25 Td (results ) Tj ET Q q 0 0 0 rg BT 145.23 165.25 Td (of ) Tj ET Q q 0 0 0 rg BT 156.05 165.25 Td (each ) Tj ET Q q 0 0 0 rg BT 176.85 165.25 Td (such ) Tj ET Q q 0 0 0 rg BT 197.67 165.25 Td (general ) Tj ET Q q 0 0 0 rg BT 229.58 165.25 Td (partner) Tj ET Q q 0 0 0 rg BT 257.35 165.25 Td (. ) Tj ET Q q 0 0 0 rg BT 261.79 165.25 Td (As ) Tj ET Q q 0 0 0 rg BT 275.39 165.25 Td (the ) Tj ET Q q 0 0 0 rg BT 290.09 165.25 Td (general ) Tj ET Q q 0 0 0 rg BT 322.01 165.25 Td (partner) Tj ET Q q 0 0 0 rg BT 349.92 165.25 Td (, ) Tj ET Q q 0 0 0 rg BT 354.91 165.25 Td (the ) Tj ET Q q 0 0 0 rg BT 369.62 165.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 410.99 165.25 Td (is ) Tj ET Q q 0 0 0 rg BT 420.15 165.25 Td (entitled ) Tj ET Q q 0 0 0 rg BT 452.63 165.25 Td (to ) Tj ET Q q 0 0 0 rg BT 462.90 165.25 Td (receive ) Tj ET Q q 0 0 0 rg BT 494.25 165.25 Td (from ) Tj ET Q q 0 0 0 rg BT 516.18 165.25 Td (those ) Tj ET Q q 0 0 0 rg BT 539.78 165.25 Td (funds ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 153.25 Td (a ) Tj ET Q q 0 0 0 rg BT 57.67 153.25 Td (portion ) Tj ET Q q 0 0 0 rg BT 89.80 153.25 Td (of ) Tj ET Q q 0 0 0 rg BT 101.36 153.25 Td (the ) Tj ET Q q 0 0 0 rg BT 116.82 153.25 Td (override ) Tj ET Q q 0 0 0 rg BT 153.37 153.25 Td (of ) Tj ET Q q 0 0 0 rg BT 164.94 153.25 Td (the ) Tj ET Q q 0 0 0 rg BT 180.39 153.25 Td (profits ) Tj ET Q q 0 0 0 rg BT 209.73 153.25 Td (realized ) Tj ET Q q 0 0 0 rg BT 244.61 153.25 Td (from ) Tj ET Q q 0 0 0 rg BT 267.29 153.25 Td (investments. ) Tj ET Q q 0 0 0 rg BT 320.56 153.25 Td (The ) Tj ET Q q 0 0 0 rg BT 339.34 153.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 381.47 153.25 Td (recognizes ) Tj ET Q q 0 0 0 rg BT 427.46 153.25 Td (profit ) Tj ET Q q 0 0 0 rg BT 452.91 153.25 Td (overrides ) Tj ET Q q 0 0 0 rg BT 493.35 153.25 Td (related ) Tj ET Q q 0 0 0 rg BT 523.79 153.25 Td (to ) Tj ET Q q 0 0 0 rg BT 534.81 153.25 Td (certain ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 141.25 Td (merchant ) Tj ET Q q 0 0 0 rg BT 88.95 141.25 Td (banking ) Tj ET Q q 0 0 0 rg BT 122.91 141.25 Td (funds ) Tj ET Q q 0 0 0 rg BT 146.88 141.25 Td (at ) Tj ET Q q 0 0 0 rg BT 155.84 141.25 Td (the ) Tj ET Q q 0 0 0 rg BT 169.80 141.25 Td (time ) Tj ET Q q 0 0 0 rg BT 189.32 141.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 218.27 141.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 270.54 141.25 Td (hurdles ) Tj ET Q q 0 0 0 rg BT 301.72 141.25 Td (are ) Tj ET Q q 0 0 0 rg BT 315.67 141.25 Td (achieved. ) Tj ET Q q 0 0 0 rg BT 355.45 141.25 Td ( ) Tj ET Q q 0 0 0 rg BT 357.07 141.25 Td (The ) Tj ET Q q 0 0 0 rg BT 374.36 141.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 415.00 141.25 Td (did ) Tj ET Q q 0 0 0 rg BT 429.52 141.25 Td (not ) Tj ET Q q 0 0 0 rg BT 444.04 141.25 Td (recognize ) Tj ET Q q 0 0 0 rg BT 484.65 141.25 Td (any ) Tj ET Q q 0 0 0 rg BT 500.84 141.25 Td (profit ) Tj ET Q q 0 0 0 rg BT 524.80 141.25 Td (overrides ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 129.25 Td (for ) Tj ET Q q 0 0 0 rg BT 64.16 129.25 Td (the ) Tj ET Q q 0 0 0 rg BT 78.88 129.25 Td (three ) Tj ET Q q 0 0 0 rg BT 101.36 129.25 Td (or ) Tj ET Q q 0 0 0 rg BT 112.19 129.25 Td (nine ) Tj ET Q q 0 0 0 rg BT 131.91 129.25 Td (month ) Tj ET Q q 0 0 0 rg BT 159.97 129.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 191.90 129.25 Td (ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 218.28 129.25 Td (September30, ) Tj ET Q q 0 0 0 rg BT 278.54 129.25 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 298.54 129.25 Td ( ) Tj ET Q q 0 0 0 rg BT 301.04 129.25 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 317.98 129.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 337.98 129.25 Td (. ) Tj ET Q endstream endobj 29 0 obj <> endobj 30 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (14) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 742.10 Td (The carrying value of the Company) Tj ET Q q 0 0 0 rg BT 219.23 742.10 Td (s investments in merchant banking funds are as follows \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 684.60 388.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 684.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 684.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 684.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 654.60 388.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 654.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 654.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 654.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 624.60 388.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 624.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 624.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 624.60 60.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 710.6 m 498.5 710.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 710.6 m 562.5 710.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 710.6 m 498.5 710.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 697.6 m 498.5 697.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 710.6 m 562.5 710.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 697.6 m 562.5 697.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 624.6 m 498.5 624.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 624.6 m 562.5 624.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 610.6 m 498.5 610.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 608.6 m 498.5 608.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 624.6 m 562.5 624.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 610.6 m 562.5 610.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 608.6 m 562.5 608.6 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 459.20 722.83 Td (As of) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 443.60 714.83 Td (September 30,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 523.20 722.83 Td (As of) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 508.75 714.83 Td (December31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 460.00 701.83 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 524.00 701.83 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 447.95 688.83 Td (\(unaudited\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 675.17 Td (Investment in GCP I) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.50 675.17 Td (.......................................................................................................................) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 441.00 674.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 472.15 674.27 Td (1,732) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 505.00 674.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 674.27 Td (2,247) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 660.17 Td (Investment in GCP II) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 140.00 660.17 Td (......................................................................................................................) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 472.15 659.27 Td (7,627) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 659.27 Td (11,173) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 645.17 Td (Investment in GCP III) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 142.50 645.17 Td (.....................................................................................................................) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 484.65 644.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 644.27 Td (1,367) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 630.17 Td (Investment in other merchant banking funds) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 230.00 630.17 Td (..................................................................................) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 472.15 629.27 Td (1,926) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 629.27 Td (1,985) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 615.17 Td (Total investments in merchant banking funds) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 235.00 615.17 Td (................................................................................) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 441.00 614.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.15 614.27 Td (11,285) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 505.00 614.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 614.27 Td (16,772) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 589.10 Td (The ) Tj ET Q q 0 0 0 rg BT 91.88 589.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 138.10 589.10 Td (in ) Tj ET Q q 0 0 0 rg BT 148.22 589.10 Td (GCP) Tj ET Q q 0 0 0 rg BT 167.30 589.10 Td ( ) Tj ET Q q 0 0 0 rg BT 169.64 589.10 Td (I ) Tj ET Q q 0 0 0 rg BT 175.31 589.10 Td (represents ) Tj ET Q q 0 0 0 rg BT 218.18 589.10 Td (an ) Tj ET Q q 0 0 0 rg BT 229.96 589.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 261.73 589.10 Td (in ) Tj ET Q q 0 0 0 rg BT 271.85 589.10 Td (a ) Tj ET Q q 0 0 0 rg BT 278.62 589.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 323.18 589.10 Td (sponsored ) Tj ET Q q 0 0 0 rg BT 366.07 589.10 Td (merchant ) Tj ET Q q 0 0 0 rg BT 405.61 589.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 440.16 589.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 460.83 589.10 Td (and ) Tj ET Q q 0 0 0 rg BT 477.61 589.10 Td (includes ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 513.27 589.10 Td ($0.1 ) Tj ET Q q 0 0 0 rg BT 533.11 589.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 562.00 589.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 577.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 65.86 577.10 Td ($0.3 ) Tj ET Q q 0 0 0 rg BT 84.78 577.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 113.67 577.10 Td ( ) Tj ET Q q 0 0 0 rg BT 115.10 577.10 Td (at ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 123.74 577.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 182.92 577.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 202.92 577.10 Td ( ) Tj ET Q q 0 0 0 rg BT 204.34 577.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 220.21 577.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 277.71 577.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 297.71 577.10 Td (, ) Tj ET Q q 0 0 0 rg BT 301.63 577.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 349.30 577.10 Td (, ) Tj ET Q q 0 0 0 rg BT 353.22 577.10 Td (related ) Tj ET Q q 0 0 0 rg BT 381.84 577.10 Td (to ) Tj ET Q q 0 0 0 rg BT 391.04 577.10 Td (the ) Tj ET Q q 0 0 0 rg BT 404.68 577.10 Td (noncontrolling ) Tj ET Q q 0 0 0 rg BT 464.99 577.10 Td (interests ) Tj ET Q q 0 0 0 rg BT 499.73 577.10 Td (in ) Tj ET Q q 0 0 0 rg BT 508.93 577.10 Td (the ) Tj ET Q q 0 0 0 rg BT 522.57 577.10 Td (managing ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 565.10 Td (general ) Tj ET Q q 0 0 0 rg BT 82.36 565.10 Td (partner ) Tj ET Q q 0 0 0 rg BT 113.62 565.10 Td (of ) Tj ET Q q 0 0 0 rg BT 124.89 565.10 Td (GCP) Tj ET Q q 0 0 0 rg BT 143.97 565.10 Td ( ) Tj ET Q q 0 0 0 rg BT 146.91 565.10 Td (I. ) Tj ET Q q 0 0 0 rg BT 155.68 565.10 Td ( ) Tj ET Q q 0 0 0 rg BT 158.41 565.10 Td (The ) Tj ET Q q 0 0 0 rg BT 176.89 565.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 223.71 565.10 Td (in ) Tj ET Q q 0 0 0 rg BT 234.43 565.10 Td (GCP) Tj ET Q q 0 0 0 rg BT 253.51 565.10 Td ( ) Tj ET Q q 0 0 0 rg BT 256.45 565.10 Td (II ) Tj ET Q q 0 0 0 rg BT 266.05 565.10 Td (principally ) Tj ET Q q 0 0 0 rg BT 312.31 565.10 Td (represents ) Tj ET Q q 0 0 0 rg BT 355.79 565.10 Td (the ) Tj ET Q q 0 0 0 rg BT 370.94 565.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 400.53 565.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 432.91 565.10 Td (in ) Tj ET Q q 0 0 0 rg BT 443.63 565.10 Td (a ) Tj ET Q q 0 0 0 rg BT 451.00 565.10 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 488.94 565.10 Td (company ) Tj ET Q q 0 0 0 rg BT 528.53 565.10 Td (and ) Tj ET Q q 0 0 0 rg BT 545.91 565.10 Td (also ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 553.10 Td (includes ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.65 553.10 Td ($0.9 ) Tj ET Q q 0 0 0 rg BT 105.48 553.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 134.37 553.10 Td ( ) Tj ET Q q 0 0 0 rg BT 136.69 553.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 153.46 553.10 Td ($1.1 ) Tj ET Q q 0 0 0 rg BT 173.28 553.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 202.18 553.10 Td ( ) Tj ET Q q 0 0 0 rg BT 204.50 553.10 Td (at ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 214.04 553.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 274.13 553.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 294.13 553.10 Td ( ) Tj ET Q q 0 0 0 rg BT 296.46 553.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 313.22 553.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 371.63 553.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 391.63 553.10 Td (, ) Tj ET Q q 0 0 0 rg BT 396.46 553.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 444.12 553.10 Td (, ) Tj ET Q q 0 0 0 rg BT 448.94 553.10 Td (related ) Tj ET Q q 0 0 0 rg BT 478.47 553.10 Td (to ) Tj ET Q q 0 0 0 rg BT 488.58 553.10 Td (the ) Tj ET Q q 0 0 0 rg BT 503.12 553.10 Td (noncontrolling ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 541.10 Td (interests ) Tj ET Q q 0 0 0 rg BT 85.83 541.10 Td (in ) Tj ET Q q 0 0 0 rg BT 96.10 541.10 Td (the ) Tj ET Q q 0 0 0 rg BT 110.82 541.10 Td (general ) Tj ET Q q 0 0 0 rg BT 142.74 541.10 Td (partner ) Tj ET Q q 0 0 0 rg BT 173.56 541.10 Td (of ) Tj ET Q q 0 0 0 rg BT 184.39 541.10 Td (GCP) Tj ET Q q 0 0 0 rg BT 203.47 541.10 Td ( ) Tj ET Q q 0 0 0 rg BT 205.97 541.10 Td (II. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 520.10 Td (Approximately ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 136.55 520.10 Td ($0.3 ) Tj ET Q q 0 0 0 rg BT 156.06 520.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 184.95 520.10 Td ( ) Tj ET Q q 0 0 0 rg BT 186.95 520.10 Td (of ) Tj ET Q q 0 0 0 rg BT 197.29 520.10 Td (the ) Tj ET Q q 0 0 0 rg BT 211.51 520.10 Td (Company) Tj ET Q q 0 0 0 rg BT 253.18 520.10 Td (s ) Tj ET Q q 0 0 0 rg BT 259.08 520.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 316.63 520.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 349.73 520.10 Td (related ) Tj ET Q q 0 0 0 rg BT 378.94 520.10 Td (to ) Tj ET Q q 0 0 0 rg BT 388.72 520.10 Td (profit ) Tj ET Q q 0 0 0 rg BT 412.95 520.10 Td (overrides ) Tj ET Q q 0 0 0 rg BT 452.16 520.10 Td (for ) Tj ET Q q 0 0 0 rg BT 465.83 520.10 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 509.47 520.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 532.59 520.10 Td (of ) Tj ET Q q 0 0 0 rg BT 542.93 520.10 Td (GCP) Tj ET Q q 0 0 0 rg BT 562.01 520.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 508.10 Td (I ) Tj ET Q q 0 0 0 rg BT 55.46 508.10 Td (at ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 64.81 508.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 124.70 508.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 144.70 508.10 Td ( ) Tj ET Q q 0 0 0 rg BT 146.84 508.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 163.41 508.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 221.62 508.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 241.62 508.10 Td (. ) Tj ET Q q 0 0 0 rg BT 246.10 508.10 Td (This ) Tj ET Q q 0 0 0 rg BT 266.01 508.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 298.13 508.10 Td (may ) Tj ET Q q 0 0 0 rg BT 317.48 508.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 352.37 508.10 Td (or ) Tj ET Q q 0 0 0 rg BT 362.83 508.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 399.38 508.10 Td (depending ) Tj ET Q q 0 0 0 rg BT 443.16 508.10 Td (on ) Tj ET Q q 0 0 0 rg BT 455.29 508.10 Td (the ) Tj ET Q q 0 0 0 rg BT 469.64 508.10 Td (change ) Tj ET Q q 0 0 0 rg BT 500.09 508.10 Td (in ) Tj ET Q q 0 0 0 rg BT 510.00 508.10 Td (the ) Tj ET Q q 0 0 0 rg BT 524.35 508.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 540.35 508.10 Td (value ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 496.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.83 496.10 Td (GCP) Tj ET Q q 0 0 0 rg BT 79.91 496.10 Td ( ) Tj ET Q q 0 0 0 rg BT 82.41 496.10 Td (I, ) Tj ET Q q 0 0 0 rg BT 90.74 496.10 Td (and ) Tj ET Q q 0 0 0 rg BT 107.68 496.10 Td (is ) Tj ET Q q 0 0 0 rg BT 116.85 496.10 Td (payable, ) Tj ET Q q 0 0 0 rg BT 152.94 496.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 183.77 496.10 Td (to ) Tj ET Q q 0 0 0 rg BT 194.05 496.10 Td (clawback, ) Tj ET Q q 0 0 0 rg BT 236.80 496.10 Td (at ) Tj ET Q q 0 0 0 rg BT 246.52 496.10 Td (the ) Tj ET Q q 0 0 0 rg BT 261.24 496.10 Td (time ) Tj ET Q q 0 0 0 rg BT 281.51 496.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 301.78 496.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 339.81 496.10 Td (are ) Tj ET Q q 0 0 0 rg BT 354.52 496.10 Td (realized.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 475.10 Td (Investments ) Tj ET Q q 0 0 0 rg BT 123.86 475.10 Td (in ) Tj ET Q q 0 0 0 rg BT 133.17 475.10 Td (other ) Tj ET Q q 0 0 0 rg BT 155.25 475.10 Td (merchant ) Tj ET Q q 0 0 0 rg BT 193.99 475.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 227.74 475.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 251.49 475.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 286.35 475.10 Td (the ) Tj ET Q q 0 0 0 rg BT 300.10 475.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 346.21 475.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 391.63 475.10 Td (in ) Tj ET Q q 0 0 0 rg BT 400.94 475.10 Td (Barrow ) Tj ET Q q 0 0 0 rg BT 432.46 475.10 Td (Street ) Tj ET Q q 0 0 0 rg BT 457.32 475.10 Td (III, ) Tj ET Q q 0 0 0 rg BT 471.34 475.10 Td (a ) Tj ET Q q 0 0 0 rg BT 477.32 475.10 Td (real ) Tj ET Q q 0 0 0 rg BT 493.83 475.10 Td (estate ) Tj ET Q q 0 0 0 rg BT 518.13 475.10 Td (investment ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 463.10 Td (fund, ) Tj ET Q q 0 0 0 rg BT 73.17 463.10 Td (which ) Tj ET Q q 0 0 0 rg BT 99.94 463.10 Td (we ) Tj ET Q q 0 0 0 rg BT 113.94 463.10 Td (committed ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 159.04 463.10 Td ($5.0 ) Tj ET Q q 0 0 0 rg BT 178.88 463.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 207.77 463.10 Td ( ) Tj ET Q q 0 0 0 rg BT 210.11 463.10 Td (to ) Tj ET Q q 0 0 0 rg BT 220.22 463.10 Td (in ) Tj ET Q q 0 0 0 rg BT 230.34 463.10 Td (2005. ) Tj ET Q q 0 0 0 rg BT 255.17 463.10 Td ( ) Tj ET Q q 0 0 0 rg BT 256.99 463.10 Td (At ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 269.33 463.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 329.43 463.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 349.43 463.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 354.27 463.10 Td ($0.1 ) Tj ET Q q 0 0 0 rg BT 374.10 463.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 403.00 463.10 Td ( ) Tj ET Q q 0 0 0 rg BT 405.33 463.10 Td (of ) Tj ET Q q 0 0 0 rg BT 416.00 463.10 Td (the ) Tj ET Q q 0 0 0 rg BT 430.55 463.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 477.47 463.10 Td (commitment ) Tj ET Q q 0 0 0 rg BT 530.35 463.10 Td (remains ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 451.10 Td (unfunded ) Tj ET Q q 0 0 0 rg BT 90.27 451.10 Td (and ) Tj ET Q q 0 0 0 rg BT 107.21 451.10 Td (may ) Tj ET Q q 0 0 0 rg BT 126.92 451.10 Td (be ) Tj ET Q q 0 0 0 rg BT 138.86 451.10 Td (drawn ) Tj ET Q q 0 0 0 rg BT 166.35 451.10 Td (any ) Tj ET Q q 0 0 0 rg BT 183.29 451.10 Td (time ) Tj ET Q q 0 0 0 rg BT 203.56 451.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 225.50 451.10 Td (to ) Tj ET Q q 0 0 0 rg BT 235.78 451.10 Td (the ) Tj ET Q q 0 0 0 rg BT 250.50 451.10 Td (expiration ) Tj ET Q q 0 0 0 rg BT 293.54 451.10 Td (of ) Tj ET Q q 0 0 0 rg BT 304.37 451.10 Td (the ) Tj ET Q q 0 0 0 rg BT 319.09 451.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 339.92 451.10 Td (in ) Tj ET Q q 0 0 0 rg BT 350.20 451.10 Td (June ) Tj ET Q q 0 0 0 rg BT 371.03 451.10 Td (2015.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 50.00 425.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 76.39 425.10 Td (Investments) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 408.10 Td (The ) Tj ET Q q 0 0 0 rg BT 91.91 408.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 133.17 408.10 Td (has ) Tj ET Q q 0 0 0 rg BT 148.86 408.10 Td (other ) Tj ET Q q 0 0 0 rg BT 171.77 408.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 221.91 408.10 Td (including ) Tj ET Q q 0 0 0 rg BT 262.05 408.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 312.19 408.10 Td (in ) Tj ET Q q 0 0 0 rg BT 322.33 408.10 Td (Iridium ) Tj ET Q q 0 0 0 rg BT 354.70 408.10 Td (and ) Tj ET Q q 0 0 0 rg BT 371.50 408.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 401.07 408.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 436.74 408.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 494.65 408.10 Td (plan ) Tj ET Q q 0 0 0 rg BT 514.23 408.10 Td (investments ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 396.10 Td (related ) Tj ET Q q 0 0 0 rg BT 79.70 396.10 Td (to ) Tj ET Q q 0 0 0 rg BT 89.98 396.10 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 129.69 396.10 Td (Australia. ) Tj ET Q q 0 0 0 rg BT 171.17 396.10 Td (The ) Tj ET Q q 0 0 0 rg BT 189.21 396.10 Td (Company) Tj ET Q q 0 0 0 rg BT 230.88 396.10 Td (s ) Tj ET Q q 0 0 0 rg BT 237.27 396.10 Td (other ) Tj ET Q q 0 0 0 rg BT 260.32 396.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 310.59 396.10 Td (are ) Tj ET Q q 0 0 0 rg BT 325.30 396.10 Td (as ) Tj ET Q q 0 0 0 rg BT 336.13 396.10 Td (follows ) Tj ET Q q 0 0 0 rg BT 368.63 396.10 Td (\(in ) Tj ET Q q 0 0 0 rg BT 382.24 396.10 Td (thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 327.80 388.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 327.80 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 327.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 327.80 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 297.80 388.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 297.80 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 297.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 297.80 60.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 353.8 m 498.5 353.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 353.8 m 562.5 353.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 353.8 m 498.5 353.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 340.8 m 498.5 340.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 353.8 m 562.5 353.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 340.8 m 562.5 340.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 297.8 m 498.5 297.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 297.8 m 562.5 297.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 283.8 m 498.5 283.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 281.8 m 498.5 281.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 283.8 m 562.5 283.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 281.8 m 562.5 281.8 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 459.20 366.03 Td (As of) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 443.60 358.03 Td (September 30,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 523.20 366.03 Td (As of) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 508.75 358.03 Td (December31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 460.00 345.03 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 524.00 345.03 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 447.95 332.03 Td (\(unaudited\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 318.37 Td (Iridium common stock) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 145.00 318.37 Td (....................................................................................................................) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 441.00 317.47 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.15 317.47 Td (10,978) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 505.00 317.47 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 317.47 Td (34,165) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 303.37 Td (Deferred compensation plan investments) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 217.50 303.37 Td (.......................................................................................) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 484.65 302.47 Td (34) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 302.47 Td (50) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 288.37 Td (Total other investments) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 147.50 288.37 Td (...................................................................................................................) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 441.00 287.47 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.15 287.47 Td (11,012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 505.00 287.47 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 287.47 Td (34,215) Tj ET Q BT /F2 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 74.00 255.30 Td (Iridium) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 238.30 Td (At ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.26 238.30 Td (September30, ) Tj ET Q q 0 0 0 rg BT 146.29 238.30 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 166.29 238.30 Td (, ) Tj ET Q q 0 0 0 rg BT 171.05 238.30 Td (the ) Tj ET Q q 0 0 0 rg BT 185.52 238.30 Td (Company ) Tj ET Q q 0 0 0 rg BT 226.67 238.30 Td (owned ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 255.59 238.30 Td (1,595,629) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 295.59 238.30 Td ( ) Tj ET Q q 0 0 0 rg BT 297.85 238.30 Td (shares ) Tj ET Q q 0 0 0 rg BT 325.10 238.30 Td (of ) Tj ET Q q 0 0 0 rg BT 335.69 238.30 Td (Iridium ) Tj ET Q q 0 0 0 rg BT 367.95 238.30 Td (common ) Tj ET Q q 0 0 0 rg BT 405.21 238.30 Td (stock ) Tj ET Q q 0 0 0 rg BT 428.58 238.30 Td (\(NASDAQ:IRDM\) ) Tj ET Q q 0 0 0 rg BT 508.06 238.30 Td (with ) Tj ET Q q 0 0 0 rg BT 528.10 238.30 Td (a ) Tj ET Q q 0 0 0 rg BT 534.80 238.30 Td (quoted ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 226.30 Td (market ) Tj ET Q q 0 0 0 rg BT 80.44 226.30 Td (price ) Tj ET Q q 0 0 0 rg BT 103.11 226.30 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 114.12 226.30 Td ($6.88) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 136.62 226.30 Td ( ) Tj ET Q q 0 0 0 rg BT 139.30 226.30 Td (per ) Tj ET Q q 0 0 0 rg BT 154.75 226.30 Td (share ) Tj ET Q q 0 0 0 rg BT 178.52 226.30 Td (and ) Tj ET Q q 0 0 0 rg BT 195.64 226.30 Td (had ) Tj ET Q q 0 0 0 rg BT 212.76 226.30 Td (fully ) Tj ET Q q 0 0 0 rg BT 234.33 226.30 Td (diluted ) Tj ET Q q 0 0 0 rg BT 264.78 226.30 Td (share ) Tj ET Q q 0 0 0 rg BT 288.56 226.30 Td (ownership ) Tj ET Q q 0 0 0 rg BT 332.90 226.30 Td (in ) Tj ET Q q 0 0 0 rg BT 343.36 226.30 Td (Iridium ) Tj ET Q q 0 0 0 rg BT 376.03 226.30 Td (of ) Tj ET Q q 0 0 0 rg BT 387.04 226.30 Td (approximately ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 447.48 226.30 Td (2%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 460.81 226.30 Td (. ) Tj ET Q q 0 0 0 rg BT 465.99 226.30 Td ( ) Tj ET Q q 0 0 0 rg BT 468.08 226.30 Td (At ) Tj ET Q q 0 0 0 rg BT 480.76 226.30 Td (December31, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 539.52 226.30 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 559.52 226.30 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 214.30 Td (the ) Tj ET Q q 0 0 0 rg BT 65.13 214.30 Td (Company ) Tj ET Q q 0 0 0 rg BT 106.93 214.30 Td (owned ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 136.50 214.30 Td (5,084,016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 176.50 214.30 Td (shares ) Tj ET Q q 0 0 0 rg BT 206.90 214.30 Td (of ) Tj ET Q q 0 0 0 rg BT 218.15 214.30 Td (Iridium ) Tj ET Q q 0 0 0 rg BT 251.05 214.30 Td (common ) Tj ET Q q 0 0 0 rg BT 288.96 214.30 Td (stock ) Tj ET Q q 0 0 0 rg BT 312.98 214.30 Td (with ) Tj ET Q q 0 0 0 rg BT 333.67 214.30 Td (a ) Tj ET Q q 0 0 0 rg BT 341.03 214.30 Td (quoted ) Tj ET Q q 0 0 0 rg BT 371.15 214.30 Td (market ) Tj ET Q q 0 0 0 rg BT 401.83 214.30 Td (price ) Tj ET Q q 0 0 0 rg BT 424.73 214.30 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 435.97 214.30 Td ($6.72) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 458.47 214.30 Td ( ) Tj ET Q q 0 0 0 rg BT 461.38 214.30 Td (per ) Tj ET Q q 0 0 0 rg BT 477.07 214.30 Td (share ) Tj ET Q q 0 0 0 rg BT 501.08 214.30 Td (and ) Tj ET Q q 0 0 0 rg BT 518.43 214.30 Td (had ) Tj ET Q q 0 0 0 rg BT 535.78 214.30 Td (a ) Tj ET Q q 0 0 0 rg BT 543.13 214.30 Td (fully ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 202.30 Td (diluted ) Tj ET Q q 0 0 0 rg BT 80.27 202.30 Td (ownership ) Tj ET Q q 0 0 0 rg BT 124.43 202.30 Td (of ) Tj ET Q q 0 0 0 rg BT 135.26 202.30 Td (approximately ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 195.52 202.30 Td (7%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 208.85 202.30 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 181.30 Td (The ) Tj ET Q q 0 0 0 rg BT 92.40 181.30 Td (carrying ) Tj ET Q q 0 0 0 rg BT 128.56 181.30 Td (value ) Tj ET Q q 0 0 0 rg BT 153.06 181.30 Td (of ) Tj ET Q q 0 0 0 rg BT 164.24 181.30 Td (the ) Tj ET Q q 0 0 0 rg BT 179.31 181.30 Td (investment ) Tj ET Q q 0 0 0 rg BT 226.04 181.30 Td (in ) Tj ET Q q 0 0 0 rg BT 236.66 181.30 Td (Iridium ) Tj ET Q q 0 0 0 rg BT 269.50 181.30 Td (common ) Tj ET Q q 0 0 0 rg BT 307.35 181.30 Td (stock ) Tj ET Q q 0 0 0 rg BT 331.30 181.30 Td (is ) Tj ET Q q 0 0 0 rg BT 340.82 181.30 Td (valued ) Tj ET Q q 0 0 0 rg BT 370.33 181.30 Td (at ) Tj ET Q q 0 0 0 rg BT 380.39 181.30 Td (the ) Tj ET Q q 0 0 0 rg BT 395.46 181.30 Td (end ) Tj ET Q q 0 0 0 rg BT 412.74 181.30 Td (of ) Tj ET Q q 0 0 0 rg BT 423.92 181.30 Td (each ) Tj ET Q q 0 0 0 rg BT 445.08 181.30 Td (period ) Tj ET Q q 0 0 0 rg BT 473.48 181.30 Td (and ) Tj ET Q q 0 0 0 rg BT 490.77 181.30 Td (its ) Tj ET Q q 0 0 0 rg BT 503.06 181.30 Td (closing ) Tj ET Q q 0 0 0 rg BT 534.80 181.30 Td (quoted ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 169.30 Td (market ) Tj ET Q q 0 0 0 rg BT 80.32 169.30 Td (price. ) Tj ET Q q 0 0 0 rg BT 105.36 169.30 Td ( ) Tj ET Q q 0 0 0 rg BT 107.74 169.30 Td (The ) Tj ET Q q 0 0 0 rg BT 125.84 169.30 Td (Company) Tj ET Q q 0 0 0 rg BT 167.51 169.30 Td (s ) Tj ET Q q 0 0 0 rg BT 173.96 169.30 Td (investment ) Tj ET Q q 0 0 0 rg BT 220.40 169.30 Td (in ) Tj ET Q q 0 0 0 rg BT 230.73 169.30 Td (Iridium ) Tj ET Q q 0 0 0 rg BT 263.28 169.30 Td (is ) Tj ET Q q 0 0 0 rg BT 272.51 169.30 Td (accounted ) Tj ET Q q 0 0 0 rg BT 315.60 169.30 Td (for ) Tj ET Q q 0 0 0 rg BT 329.82 169.30 Td (as ) Tj ET Q q 0 0 0 rg BT 340.71 169.30 Td (a ) Tj ET Q q 0 0 0 rg BT 347.70 169.30 Td (trading ) Tj ET Q q 0 0 0 rg BT 378.59 169.30 Td (security ) Tj ET Q q 0 0 0 rg BT 412.80 169.30 Td (as ) Tj ET Q q 0 0 0 rg BT 423.69 169.30 Td (the ) Tj ET Q q 0 0 0 rg BT 438.46 169.30 Td (Company ) Tj ET Q q 0 0 0 rg BT 479.90 169.30 Td (does ) Tj ET Q q 0 0 0 rg BT 500.79 169.30 Td (not ) Tj ET Q q 0 0 0 rg BT 516.13 169.30 Td (maintain ) Tj ET Q q 0 0 0 rg BT 553.68 169.30 Td (or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 157.30 Td (exercise ) Tj ET Q q 0 0 0 rg BT 85.25 157.30 Td (significant ) Tj ET Q q 0 0 0 rg BT 129.97 157.30 Td (influence ) Tj ET Q q 0 0 0 rg BT 169.67 157.30 Td (over ) Tj ET Q q 0 0 0 rg BT 189.94 157.30 Td (Iridium. ) Tj ET Q endstream endobj 31 0 obj <> endobj 32 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (15) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 74.00 742.10 Td (Deferr) Tj ET Q q 0 0 0 rg BT 100.29 742.10 Td (ed ) Tj ET Q q 0 0 0 rg BT 112.23 742.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 170.27 742.10 Td (plan ) Tj ET Q q 0 0 0 rg BT 190.55 742.10 Td (investments) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 725.60 Td (In ) Tj ET Q q 0 0 0 rg BT 85.12 725.60 Td (connection ) Tj ET Q q 0 0 0 rg BT 131.78 725.60 Td (with ) Tj ET Q q 0 0 0 rg BT 152.35 725.60 Td (the ) Tj ET Q q 0 0 0 rg BT 167.36 725.60 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 214.03 725.60 Td (of ) Tj ET Q q 0 0 0 rg BT 225.15 725.60 Td (Caliburn ) Tj ET Q q 0 0 0 rg BT 262.94 725.60 Td (Partnership ) Tj ET Q q 0 0 0 rg BT 311.28 725.60 Td (Pty ) Tj ET Q q 0 0 0 rg BT 327.41 725.60 Td (Limited ) Tj ET Q q 0 0 0 rg BT 361.86 725.60 Td (\("Caliburn"\), ) Tj ET Q q 0 0 0 rg BT 416.97 725.60 Td (the ) Tj ET Q q 0 0 0 rg BT 431.97 725.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 473.65 725.60 Td (assumed ) Tj ET Q q 0 0 0 rg BT 510.88 725.60 Td (amounts ) Tj ET Q q 0 0 0 rg BT 547.56 725.60 Td (due ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 713.60 Td (under ) Tj ET Q q 0 0 0 rg BT 75.80 713.60 Td (Caliburn's ) Tj ET Q q 0 0 0 rg BT 119.53 713.60 Td (deferred ) Tj ET Q q 0 0 0 rg BT 155.87 713.60 Td (compensation ) Tj ET Q q 0 0 0 rg BT 214.45 713.60 Td (plan. ) Tj ET Q q 0 0 0 rg BT 237.20 713.60 Td (Under ) Tj ET Q q 0 0 0 rg BT 265.23 713.60 Td (this ) Tj ET Q q 0 0 0 rg BT 282.71 713.60 Td (plan, ) Tj ET Q q 0 0 0 rg BT 305.47 713.60 Td (a ) Tj ET Q q 0 0 0 rg BT 312.94 713.60 Td (portion ) Tj ET Q q 0 0 0 rg BT 344.86 713.60 Td (of ) Tj ET Q q 0 0 0 rg BT 356.23 713.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 386.47 713.60 Td (employees' ) Tj ET Q q 0 0 0 rg BT 434.07 713.60 Td (compensation ) Tj ET Q q 0 0 0 rg BT 492.65 713.60 Td (was ) Tj ET Q q 0 0 0 rg BT 511.24 713.60 Td (deferred ) Tj ET Q q 0 0 0 rg BT 547.58 713.60 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 701.60 Td (invested ) Tj ET Q q 0 0 0 rg BT 85.72 701.60 Td (in ) Tj ET Q q 0 0 0 rg BT 95.88 701.60 Td (cash, ) Tj ET Q q 0 0 0 rg BT 118.54 701.60 Td (or ) Tj ET Q q 0 0 0 rg BT 129.26 701.60 Td (at ) Tj ET Q q 0 0 0 rg BT 138.87 701.60 Td (the ) Tj ET Q q 0 0 0 rg BT 153.48 701.60 Td (election ) Tj ET Q q 0 0 0 rg BT 187.52 701.60 Td (of ) Tj ET Q q 0 0 0 rg BT 198.24 701.60 Td (each ) Tj ET Q q 0 0 0 rg BT 218.94 701.60 Td (respective ) Tj ET Q q 0 0 0 rg BT 261.87 701.60 Td (employee, ) Tj ET Q q 0 0 0 rg BT 305.63 701.60 Td (in ) Tj ET Q q 0 0 0 rg BT 315.80 701.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 345.39 701.60 Td (mutual ) Tj ET Q q 0 0 0 rg BT 375.55 701.60 Td (fund ) Tj ET Q q 0 0 0 rg BT 396.27 701.60 Td (investments. ) Tj ET Q q 0 0 0 rg BT 448.76 701.60 Td (These ) Tj ET Q q 0 0 0 rg BT 475.03 701.60 Td (investments ) Tj ET Q q 0 0 0 rg BT 525.19 701.60 Td (are ) Tj ET Q q 0 0 0 rg BT 539.79 701.60 Td (being ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 689.60 Td (distributed ) Tj ET Q q 0 0 0 rg BT 94.93 689.60 Td (to ) Tj ET Q q 0 0 0 rg BT 104.86 689.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 134.21 689.60 Td (employees ) Tj ET Q q 0 0 0 rg BT 179.13 689.60 Td (of ) Tj ET Q q 0 0 0 rg BT 189.61 689.60 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 229.06 689.60 Td (Australia ) Tj ET Q q 0 0 0 rg BT 267.86 689.60 Td (over ) Tj ET Q q 0 0 0 rg BT 287.79 689.60 Td (a ) Tj ET Q q 0 0 0 rg BT 294.38 689.60 Td (period ) Tj ET Q q 0 0 0 rg BT 322.08 689.60 Td (ending ) Tj ET Q q 0 0 0 rg BT 351.45 689.60 Td (in ) Tj ET Q q 0 0 0 rg BT 361.38 689.60 Td (2016. ) Tj ET Q q 0 0 0 rg BT 385.88 689.60 Td (The ) Tj ET Q q 0 0 0 rg BT 403.58 689.60 Td (invested ) Tj ET Q q 0 0 0 rg BT 439.06 689.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 464.54 689.60 Td (relating ) Tj ET Q q 0 0 0 rg BT 497.24 689.60 Td (to ) Tj ET Q q 0 0 0 rg BT 507.17 689.60 Td (this ) Tj ET Q q 0 0 0 rg BT 523.77 689.60 Td (plan ) Tj ET Q q 0 0 0 rg BT 543.14 689.60 Td (have ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 677.60 Td (been ) Tj ET Q q 0 0 0 rg BT 71.32 677.60 Td (recorded ) Tj ET Q q 0 0 0 rg BT 108.75 677.60 Td (on ) Tj ET Q q 0 0 0 rg BT 121.20 677.60 Td (the ) Tj ET Q q 0 0 0 rg BT 135.86 677.60 Td (condensed ) Tj ET Q q 0 0 0 rg BT 180.52 677.60 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 233.50 677.60 Td (statements ) Tj ET Q q 0 0 0 rg BT 278.16 677.60 Td (of ) Tj ET Q q 0 0 0 rg BT 288.94 677.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 326.37 677.60 Td (condition ) Tj ET Q q 0 0 0 rg BT 366.59 677.60 Td (as ) Tj ET Q q 0 0 0 rg BT 377.37 677.60 Td (components ) Tj ET Q q 0 0 0 rg BT 428.14 677.60 Td (of ) Tj ET Q q 0 0 0 rg BT 438.92 677.60 Td (both ) Tj ET Q q 0 0 0 rg BT 459.15 677.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 479.36 677.60 Td (and ) Tj ET Q q 0 0 0 rg BT 496.25 677.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 516.47 677.60 Td (equivalents ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 665.60 Td (and ) Tj ET Q q 0 0 0 rg BT 66.88 665.60 Td (other ) Tj ET Q q 0 0 0 rg BT 89.87 665.60 Td (investments. ) Tj ET Q q 0 0 0 rg BT 142.41 665.60 Td (The ) Tj ET Q q 0 0 0 rg BT 160.40 665.60 Td (deferred ) Tj ET Q q 0 0 0 rg BT 196.15 665.60 Td (compensation ) Tj ET Q q 0 0 0 rg BT 254.13 665.60 Td (liability ) Tj ET Q q 0 0 0 rg BT 287.69 665.60 Td (relating ) Tj ET Q q 0 0 0 rg BT 320.67 665.60 Td (to ) Tj ET Q q 0 0 0 rg BT 330.89 665.60 Td (the ) Tj ET Q q 0 0 0 rg BT 345.55 665.60 Td (plan ) Tj ET Q q 0 0 0 rg BT 365.21 665.60 Td (has ) Tj ET Q q 0 0 0 rg BT 380.98 665.60 Td (been ) Tj ET Q q 0 0 0 rg BT 402.30 665.60 Td (recorded ) Tj ET Q q 0 0 0 rg BT 439.72 665.60 Td (on ) Tj ET Q q 0 0 0 rg BT 452.16 665.60 Td (the ) Tj ET Q q 0 0 0 rg BT 466.82 665.60 Td (condensed ) Tj ET Q q 0 0 0 rg BT 511.47 665.60 Td (consolidated ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 653.60 Td (statements ) Tj ET Q q 0 0 0 rg BT 96.91 653.60 Td (of ) Tj ET Q q 0 0 0 rg BT 109.93 653.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 149.61 653.60 Td (condition ) Tj ET Q q 0 0 0 rg BT 192.08 653.60 Td (as ) Tj ET Q q 0 0 0 rg BT 205.11 653.60 Td (a ) Tj ET Q q 0 0 0 rg BT 214.24 653.60 Td (component ) Tj ET Q q 0 0 0 rg BT 263.37 653.60 Td (of ) Tj ET Q q 0 0 0 rg BT 276.40 653.60 Td (compensation ) Tj ET Q q 0 0 0 rg BT 336.64 653.60 Td (payable. ) Tj ET Q q 0 0 0 rg BT 374.93 653.60 Td (Subsequent ) Tj ET Q q 0 0 0 rg BT 425.73 653.60 Td (to ) Tj ET Q q 0 0 0 rg BT 438.21 653.60 Td (the ) Tj ET Q q 0 0 0 rg BT 455.12 653.60 Td (acquisition, ) Tj ET Q q 0 0 0 rg BT 506.20 653.60 Td (the ) Tj ET Q q 0 0 0 rg BT 523.11 653.60 Td (Company ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 641.60 Td (discontinued ) Tj ET Q q 0 0 0 rg BT 103.60 641.60 Td (future ) Tj ET Q q 0 0 0 rg BT 129.98 641.60 Td (participation ) Tj ET Q q 0 0 0 rg BT 183.02 641.60 Td (in ) Tj ET Q q 0 0 0 rg BT 193.30 641.60 Td (the ) Tj ET Q q 0 0 0 rg BT 208.01 641.60 Td (plan. ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 50.00 620.60 Td (Investment ) Tj ET Q q 0 0 0 rg BT 98.06 620.60 Td (revenues) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 599.60 Td (The ) Tj ET Q q 0 0 0 rg BT 92.05 599.60 Td (Company) Tj ET Q q 0 0 0 rg BT 133.71 599.60 Td (s ) Tj ET Q q 0 0 0 rg BT 140.10 599.60 Td (investment ) Tj ET Q q 0 0 0 rg BT 186.49 599.60 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 227.02 599.60 Td (by ) Tj ET Q q 0 0 0 rg BT 239.52 599.60 Td (source, ) Tj ET Q q 0 0 0 rg BT 270.62 599.60 Td (are ) Tj ET Q q 0 0 0 rg BT 285.33 599.60 Td (as ) Tj ET Q q 0 0 0 rg BT 296.16 599.60 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 51.50 542.10 307.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 542.10 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 542.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 542.10 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 455.50 542.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.50 542.10 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 542.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 542.10 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 51.50 503.10 307.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 503.10 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 503.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 503.10 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 455.50 503.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.50 503.10 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 503.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 503.10 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 51.50 473.10 307.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 473.10 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 473.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 473.10 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 455.50 473.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.50 473.10 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 473.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 473.10 48.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 568.1 m 406.5 568.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 568.1 m 410.5 568.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 568.1 m 455.5 568.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459.5 568.1 m 507.5 568.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 568.1 m 511.5 568.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 568.1 m 559.5 568.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 568.1 m 406.5 568.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 555.1 m 406.5 555.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 568.1 m 455.5 568.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 555.1 m 455.5 555.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459.5 568.1 m 507.5 568.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459.5 555.1 m 507.5 555.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 568.1 m 511.5 568.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 568.1 m 559.5 568.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 555.1 m 559.5 555.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 473.1 m 406.5 473.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 473.1 m 455.5 473.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459.5 473.1 m 507.5 473.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 473.1 m 559.5 473.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 459.1 m 406.5 459.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 457.1 m 406.5 457.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 473.1 m 455.5 473.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 459.1 m 455.5 459.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 457.1 m 455.5 457.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459.5 473.1 m 507.5 473.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459.5 459.1 m 507.5 459.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459.5 457.1 m 507.5 457.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 459.1 m 511.5 459.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 457.1 m 511.5 457.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 473.1 m 559.5 473.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 459.1 m 559.5 459.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 457.1 m 559.5 457.1 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 368.80 580.33 Td (For the Three Months) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 370.00 572.33 Td (Ended September 30,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 473.40 580.33 Td (For the Nine Months) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 472.50 572.33 Td (Ended September 30,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 374.00 559.33 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 424.50 559.33 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 475.00 559.33 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 527.00 559.33 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 414.80 546.33 Td (\(in thousands, unaudited\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 532.67 Td (Net realized and unrealized gains \(losses\) on investment in Iridium) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 322.50 532.67 Td (.............) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 361.00 531.77 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 376.80 531.82 Td (\(3,223) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 402.65 531.77 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 413.00 531.77 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 420.80 531.82 Td (\(10,826) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 451.65 531.77 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.00 531.77 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 481.15 531.77 Td (1,347) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 514.00 531.77 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 529.80 531.82 Td (\(1,153) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 555.65 531.77 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 517.67 Td (Net realized and unrealized gains \(losses\) on investments in merchant) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 507.67 Td (banking funds) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 112.50 507.67 Td (.................................................................................................) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 387.65 507.77 Td (394) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 436.65 507.77 Td (161) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 477.80 507.82 Td (\(2,959) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 503.65 507.77 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 533.15 507.77 Td (1,253) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 493.67 Td (Deferred gain on sale of certain merchant banking assets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 282.50 493.67 Td (.............................) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 392.65 492.77 Td (49) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 441.65 492.77 Td (65) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 488.65 492.77 Td (147) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 540.65 492.77 Td (195) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 478.67 Td (Interest income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 117.50 478.67 Td (...............................................................................................) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 387.65 477.77 Td (340) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 436.65 477.77 Td (590) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 488.65 477.77 Td (793) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 533.15 477.77 Td (1,299) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 463.67 Td (Total investment revenues) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 160.00 463.67 Td (..............................................................................) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 361.00 462.77 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 376.80 462.82 Td (\(2,440) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 402.65 462.77 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 413.00 462.77 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 420.80 462.82 Td (\(10,010) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 451.65 462.77 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.00 462.77 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 485.30 462.82 Td (\(672) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 503.65 462.77 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 514.00 462.77 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 533.15 462.77 Td (1,594) Tj ET Q BT /F2 10.00 Tf ET BT /F5 10.00 Tf ET q 0 0 0 rg BT 50.00 432.60 Td (Fair V) Tj ET Q q 0 0 0 rg BT 76.40 432.60 Td (alue Hierarchy) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 415.60 Td (The following tables set forth by level, assets and liabilities measured at fair value on a recurring basis. ) Tj ET Q q 0 0 0 rg BT 488.32 415.60 Td (Assets and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 403.60 Td (liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 391.60 Td (There were no transfers between Level 1 and Level 2 investments in the fair value measurement hierarchy during the three and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 379.60 Td (nine month periods ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 156.09 379.60 Td (September30, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 236.35 379.60 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 255.79 379.60 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 275.79 379.60 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 141.25 358.60 Td (Assets Measur) Tj ET Q q 0 0 0 rg BT 203.00 358.60 Td (ed at Fair) Tj ET Q q 0 0 0 rg BT 244.48 358.60 Td ( ) Tj ET Q q 0 0 0 rg BT 246.80 358.60 Td (V) Tj ET Q q 0 0 0 rg BT 253.10 358.60 Td (alue on a Recurring Basis as of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 387.27 358.60 Td (September) Tj ET Q q 0 0 0 rg BT 433.19 358.60 Td (30, 2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 470.69 358.60 Td ( ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 290.10 220.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 270.50 290.10 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 290.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 290.10 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 290.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 290.10 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 290.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 290.10 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 261.10 220.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 270.50 261.10 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 261.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 261.10 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 261.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 261.10 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 261.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 261.10 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.5 303.1 m 340.5 303.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 303.1 m 414.5 303.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 303.1 m 488.5 303.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 303.1 m 562.5 303.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.5 246.10000000000002 m 340.5 246.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 246.10000000000002 m 414.5 246.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 246.10000000000002 m 488.5 246.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 246.10000000000002 m 562.5 246.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.5 231.10000000000002 m 340.5 231.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 231.10000000000002 m 414.5 231.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 231.10000000000002 m 488.5 231.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 231.10000000000002 m 562.5 231.10000000000002 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 276.55 339.33 Td (QuotedPricesin) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 294.10 331.33 Td (Active ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 284.50 323.33 Td (Marketsfor) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 278.40 315.33 Td (Identical ) Tj ET Q q 0 0 0 rg BT 310.18 315.33 Td (Assets) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 290.00 307.33 Td (\(Level 1\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 349.40 331.33 Td (SignificantOther) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 359.40 323.33 Td (Observable ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 367.85 315.33 Td (Inputs) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 364.00 307.33 Td (\(Level 2\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 434.55 331.33 Td (Significant) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 429.40 323.33 Td (Unobservable ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 441.85 315.33 Td (Inputs) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 438.00 307.33 Td (\(Level 3\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 504.55 323.33 Td (Balance as of) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 502.60 315.33 Td (September 30,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 519.00 307.33 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 391.65 294.33 Td (\(in thousands\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 280.83 Td (Assets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 266.67 Td (Iridium common stock) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 144.50 266.67 Td (.................................................) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 273.00 265.77 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 309.15 265.77 Td (10,978) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 347.00 265.77 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.65 265.77 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.00 265.77 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 474.65 265.77 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 495.00 265.77 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 265.77 Td (10,978) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 251.67 Td (Deferred compensation plan investments) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 217.00 251.67 Td (....................) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 326.65 250.77 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.65 250.77 Td (34) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 474.65 250.77 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 250.77 Td (34) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 236.67 Td (Total investments) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 124.50 236.67 Td (.........................................................) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 273.00 235.77 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 309.15 235.77 Td (10,978) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 347.00 235.77 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.65 235.77 Td (34) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.00 235.77 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 474.65 235.77 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 495.00 235.77 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 235.77 Td (11,012) Tj ET Q BT /F2 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 142.65 210.60 Td (Assets Measur) Tj ET Q q 0 0 0 rg BT 204.40 210.60 Td (ed at Fair) Tj ET Q q 0 0 0 rg BT 245.88 210.60 Td ( ) Tj ET Q q 0 0 0 rg BT 248.20 210.60 Td (V) Tj ET Q q 0 0 0 rg BT 254.50 210.60 Td (alue on a Recurring Basis as of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 388.67 210.60 Td (December) Tj ET Q q 0 0 0 rg BT 431.80 210.60 Td (31, 2012) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 469.30 210.60 Td ( ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 142.10 220.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 270.50 142.10 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 142.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 142.10 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 142.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 142.10 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 142.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 142.10 70.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.50 128.10 220.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 113.10 220.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 270.50 113.10 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 113.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 113.10 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 113.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 113.10 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 113.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 113.10 70.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.50 98.10 220.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.5 155.10000000000002 m 340.5 155.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 155.10000000000002 m 414.5 155.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 155.10000000000002 m 488.5 155.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 155.10000000000002 m 562.5 155.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.5 98.10000000000002 m 340.5 98.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 98.10000000000002 m 414.5 98.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 98.10000000000002 m 488.5 98.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 98.10000000000002 m 562.5 98.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.5 83.10000000000002 m 340.5 83.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 83.10000000000002 m 414.5 83.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 83.10000000000002 m 488.5 83.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 83.10000000000002 m 562.5 83.10000000000002 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 276.55 191.33 Td (QuotedPricesin) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 294.10 183.33 Td (Active ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 284.50 175.33 Td (Marketsfor) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 278.40 167.33 Td (Identical ) Tj ET Q q 0 0 0 rg BT 310.18 167.33 Td (Assets) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 290.00 159.33 Td (\(Level 1\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 349.40 183.33 Td (SignificantOther) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 359.40 175.33 Td (Observable ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 367.85 167.33 Td (Inputs) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 364.00 159.33 Td (\(Level 2\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 434.55 183.33 Td (Significant) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 429.40 175.33 Td (Unobservable ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 441.85 167.33 Td (Inputs) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 438.00 159.33 Td (\(Level 3\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 504.55 175.33 Td (Balance as of) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 503.75 167.33 Td (December 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 519.00 159.33 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 391.65 146.33 Td (\(in thousands\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 132.83 Td (Assets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 118.67 Td (Iridium common stock) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 144.50 118.67 Td (.................................................) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 273.00 117.77 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 309.15 117.77 Td (34,165) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 347.00 117.77 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.65 117.77 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.00 117.77 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 474.65 117.77 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 495.00 117.77 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 117.77 Td (34,165) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 103.67 Td (Deferred compensation plan investments) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 217.00 103.67 Td (....................) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 326.65 102.77 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.65 102.77 Td (50) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 474.65 102.77 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 102.77 Td (50) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 88.67 Td (Total investments) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 124.50 88.67 Td (.........................................................) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 273.00 87.77 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 309.15 87.77 Td (34,165) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 347.00 87.77 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.65 87.77 Td (50) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.00 87.77 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 474.65 87.77 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 495.00 87.77 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 87.77 Td (34,215) Tj ET Q BT /F2 10.00 Tf ET BT /F5 10.00 Tf ET q 0 0 0 rg BT 50.00 62.60 Td (Level3 Gains and Losses) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 45.60 Td (There were no Level 3 investments during the three and nine month periods ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 406.12 45.60 Td (September30, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 486.38 45.60 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 505.82 45.60 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.82 45.60 Td (.) Tj ET Q endstream endobj 33 0 obj <> endobj 34 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (16) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 731.25 Td (Note4 Related Parties) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 714.25 Td (At ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.50 714.25 Td (September30, ) Tj ET Q q 0 0 0 rg BT 146.76 714.25 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 166.76 714.25 Td ( ) Tj ET Q q 0 0 0 rg BT 169.26 714.25 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 186.20 714.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 244.79 714.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 264.79 714.25 Td (, ) Tj ET Q q 0 0 0 rg BT 269.79 714.25 Td (the ) Tj ET Q q 0 0 0 rg BT 284.50 714.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 325.89 714.25 Td (had ) Tj ET Q q 0 0 0 rg BT 342.83 714.25 Td (no ) Tj ET Q q 0 0 0 rg BT 355.33 714.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 391.71 714.25 Td (receivable ) Tj ET Q q 0 0 0 rg BT 435.29 714.25 Td (or ) Tj ET Q q 0 0 0 rg BT 446.12 714.25 Td (payable ) Tj ET Q q 0 0 0 rg BT 479.72 714.25 Td (to ) Tj ET Q q 0 0 0 rg BT 490.00 714.25 Td (related ) Tj ET Q q 0 0 0 rg BT 519.70 714.25 Td (parties. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 693.25 Td (In ) Tj ET Q q 0 0 0 rg BT 84.27 693.25 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 133.43 693.25 Td (with ) Tj ET Q q 0 0 0 rg BT 153.15 693.25 Td (the ) Tj ET Q q 0 0 0 rg BT 167.32 693.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 184.81 693.25 Td (of ) Tj ET Q q 0 0 0 rg BT 195.08 693.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 224.23 693.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 249.50 693.25 Td (of ) Tj ET Q q 0 0 0 rg BT 259.78 693.25 Td (the ) Tj ET Q q 0 0 0 rg BT 273.94 693.25 Td (merchant ) Tj ET Q q 0 0 0 rg BT 313.09 693.25 Td (banking ) Tj ET Q q 0 0 0 rg BT 347.25 693.25 Td (business, ) Tj ET Q q 0 0 0 rg BT 385.59 693.25 Td (the ) Tj ET Q q 0 0 0 rg BT 399.75 693.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 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q 0 0 0 rg BT 50.00 525.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.66 525.25 Td (. ) Tj ET Q q 0 0 0 rg BT 102.41 525.25 Td (The ) Tj ET Q q 0 0 0 rg BT 120.37 525.25 Td (weighted ) Tj ET Q q 0 0 0 rg BT 159.45 525.25 Td (average ) Tj ET Q q 0 0 0 rg BT 192.95 525.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 224.80 525.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 242.21 525.25 Td (was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 260.18 525.25 Td (3.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 286.01 525.25 Td ( ) Tj ET Q q 0 0 0 rg BT 288.43 525.25 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 305.29 525.25 Td (3.55%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 331.12 525.25 Td ( ) Tj ET Q q 0 0 0 rg BT 333.54 525.25 Td (for ) Tj ET Q q 0 0 0 rg BT 347.62 525.25 Td (the ) Tj ET Q q 0 0 0 rg BT 362.25 525.25 Td (nine ) Tj ET Q q 0 0 0 rg BT 381.89 525.25 Td (months ) Tj ET Q q 0 0 0 rg BT 413.76 525.25 Td (ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 440.05 525.25 Td (September30, ) Tj ET Q q 0 0 0 rg BT 500.24 525.25 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 520.24 525.25 Td ( ) Tj ET Q q 0 0 0 rg BT 522.65 525.25 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 539.51 525.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 559.51 525.25 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 513.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.66 513.25 Td (. ) Tj ET Q q 0 0 0 rg BT 102.11 513.25 Td (At ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 114.61 513.25 Td (September30, ) Tj ET Q q 0 0 0 rg BT 174.87 513.25 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 194.87 513.25 Td (, ) Tj ET Q q 0 0 0 rg BT 199.87 513.25 Td (the ) Tj ET Q q 0 0 0 rg BT 214.59 513.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 255.98 513.25 Td (was ) Tj ET Q q 0 0 0 rg BT 274.03 513.25 Td (compliant ) Tj ET Q q 0 0 0 rg BT 316.52 513.25 Td (with ) Tj ET Q q 0 0 0 rg BT 336.80 513.25 Td (all ) Tj ET Q q 0 0 0 rg BT 349.29 513.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 369.01 513.25 Td (covenants.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 490.25 Td (Note6 Equity) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 473.25 Td (On ) Tj ET Q q 0 0 0 rg BT 88.48 473.25 Td (September ) Tj ET Q q 0 0 0 rg BT 133.49 473.25 Td (18, ) Tj ET Q q 0 0 0 rg BT 148.25 473.25 Td (2013, ) Tj ET Q q 0 0 0 rg BT 173.00 473.25 Td (a ) Tj ET Q q 0 0 0 rg BT 179.69 473.25 Td (dividend ) Tj ET Q q 0 0 0 rg BT 216.94 473.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 227.52 473.25 Td ($0.45) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 250.02 473.25 Td ( ) Tj ET Q q 0 0 0 rg BT 252.28 473.25 Td (per ) Tj ET Q q 0 0 0 rg BT 267.30 473.25 Td (share ) Tj ET Q q 0 0 0 rg BT 290.65 473.25 Td (was ) Tj ET Q q 0 0 0 rg BT 308.46 473.25 Td (paid ) Tj ET Q q 0 0 0 rg BT 327.93 473.25 Td (to ) Tj ET Q q 0 0 0 rg BT 337.96 473.25 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 390.76 473.25 Td (of ) Tj ET Q q 0 0 0 rg BT 401.34 473.25 Td (record ) Tj ET Q q 0 0 0 rg BT 429.13 473.25 Td (on ) Tj ET Q q 0 0 0 rg BT 441.39 473.25 Td (September ) Tj ET Q q 0 0 0 rg BT 486.40 473.25 Td (4, ) Tj ET Q q 0 0 0 rg BT 496.16 473.25 Td (2013. ) Tj ET Q q 0 0 0 rg BT 520.91 473.25 Td (Dividends ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 461.25 Td (include ) Tj ET Q q 0 0 0 rg BT 82.22 461.25 Td (dividend ) Tj ET Q q 0 0 0 rg BT 120.00 461.25 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 168.33 461.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 179.44 461.25 Td ($4.7 ) Tj ET Q q 0 0 0 rg BT 199.73 461.25 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 228.62 461.25 Td ( ) Tj ET Q q 0 0 0 rg BT 231.41 461.25 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 248.63 461.25 Td ($4.2 ) Tj ET Q q 0 0 0 rg BT 268.92 461.25 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 297.81 461.25 Td (, ) Tj ET Q q 0 0 0 rg BT 303.09 461.25 Td (which ) Tj ET Q q 0 0 0 rg BT 330.32 461.25 Td (were ) Tj ET Q q 0 0 0 rg BT 352.53 461.25 Td (paid ) Tj ET Q q 0 0 0 rg BT 372.53 461.25 Td (on ) Tj ET Q q 0 0 0 rg BT 385.32 461.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 434.77 461.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 474.76 461.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 498.65 461.25 Td (units ) Tj ET Q q 0 0 0 rg BT 520.89 461.25 Td (during ) Tj ET Q q 0 0 0 rg BT 549.78 461.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 449.25 Td (nine ) Tj ET Q q 0 0 0 rg BT 69.72 449.25 Td (months ) Tj ET Q q 0 0 0 rg BT 101.67 449.25 Td (ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 128.04 449.25 Td (September30, ) Tj ET Q q 0 0 0 rg BT 188.31 449.25 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 208.31 449.25 Td ( ) Tj ET Q q 0 0 0 rg BT 210.81 449.25 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 227.74 449.25 Td (September30, ) Tj ET Q q 0 0 0 rg BT 288.01 449.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 308.01 449.25 Td (, ) Tj ET Q q 0 0 0 rg BT 313.01 449.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 360.67 449.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 428.25 Td (During ) Tj ET Q q 0 0 0 rg BT 104.54 428.25 Td (the ) Tj ET Q q 0 0 0 rg BT 118.96 428.25 Td (nine ) Tj ET Q q 0 0 0 rg BT 138.39 428.25 Td (months ) Tj ET Q q 0 0 0 rg BT 170.05 428.25 Td (ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 196.13 428.25 Td (September30, ) Tj ET Q q 0 0 0 rg BT 256.10 428.25 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 276.10 428.25 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 280.81 428.25 Td (662,569) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 313.31 428.25 Td ( ) Tj ET Q q 0 0 0 rg BT 315.52 428.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 354.93 428.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 378.25 428.25 Td (units ) Tj ET Q q 0 0 0 rg BT 399.90 428.25 Td (vested ) Tj ET Q q 0 0 0 rg BT 427.66 428.25 Td (and ) Tj ET Q q 0 0 0 rg BT 444.31 428.25 Td (were ) Tj ET Q q 0 0 0 rg BT 465.94 428.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 493.15 428.25 Td (as ) Tj ET Q q 0 0 0 rg BT 503.69 428.25 Td (common ) Tj ET Q q 0 0 0 rg BT 540.90 428.25 Td (stock ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 416.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.60 416.25 Td (which ) Tj ET Q q 0 0 0 rg BT 87.31 416.25 Td (the ) Tj ET Q q 0 0 0 rg BT 101.80 416.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 142.96 416.25 Td (is ) Tj ET Q q 0 0 0 rg BT 151.91 416.25 Td (deemed ) Tj ET Q q 0 0 0 rg BT 185.27 416.25 Td (to ) Tj ET Q q 0 0 0 rg BT 195.32 416.25 Td (have ) Tj ET Q q 0 0 0 rg BT 216.47 416.25 Td (repurchased ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 267.05 416.25 Td (214,303) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 299.55 416.25 Td ( ) Tj ET Q q 0 0 0 rg BT 301.83 416.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 329.09 416.25 Td (at ) Tj ET Q q 0 0 0 rg BT 338.58 416.25 Td (an ) Tj ET Q q 0 0 0 rg BT 350.29 416.25 Td (average ) Tj ET Q q 0 0 0 rg BT 383.65 416.25 Td (price ) Tj ET Q q 0 0 0 rg BT 405.91 416.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 416.51 416.25 Td ($57.22) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 444.01 416.25 Td ( ) Tj ET Q q 0 0 0 rg BT 446.28 416.25 Td (per ) Tj ET Q q 0 0 0 rg BT 461.32 416.25 Td (share ) Tj ET Q q 0 0 0 rg BT 484.69 416.25 Td (in ) Tj ET Q q 0 0 0 rg BT 494.75 416.25 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 544.23 416.25 Td (with ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 404.25 Td (the ) Tj ET Q q 0 0 0 rg BT 65.41 404.25 Td (payment ) Tj ET Q q 0 0 0 rg BT 103.03 404.25 Td (of ) Tj ET Q q 0 0 0 rg BT 114.55 404.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 129.96 404.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 170.36 404.25 Td (in ) Tj ET Q q 0 0 0 rg BT 181.33 404.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 212.84 404.25 Td (of ) Tj ET Q q 0 0 0 rg BT 224.36 404.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 248.66 404.25 Td (delivered ) Tj ET Q q 0 0 0 rg BT 289.05 404.25 Td (to ) Tj ET Q q 0 0 0 rg BT 300.02 404.25 Td (its ) Tj ET Q q 0 0 0 rg BT 312.65 404.25 Td (employees ) Tj ET Q q 0 0 0 rg BT 358.61 404.25 Td (in ) Tj ET Q q 0 0 0 rg BT 369.58 404.25 Td (settlement ) Tj ET Q q 0 0 0 rg BT 413.86 404.25 Td (of ) Tj ET Q q 0 0 0 rg BT 425.38 404.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 465.78 404.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 490.08 404.25 Td (units. ) Tj ET Q q 0 0 0 rg BT 515.21 404.25 Td (In ) Tj ET Q q 0 0 0 rg BT 526.73 404.25 Td (addition, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 392.25 Td (during ) Tj ET Q q 0 0 0 rg BT 78.79 392.25 Td (the ) Tj ET Q q 0 0 0 rg BT 93.69 392.25 Td (nine ) Tj ET Q q 0 0 0 rg BT 113.60 392.25 Td (months ) Tj ET Q q 0 0 0 rg BT 145.73 392.25 Td (ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 172.29 392.25 Td (September30, ) Tj ET Q q 0 0 0 rg BT 232.74 392.25 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 252.74 392.25 Td (, ) Tj ET Q q 0 0 0 rg BT 257.92 392.25 Td (the ) Tj ET Q q 0 0 0 rg BT 272.82 392.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 314.40 392.25 Td (repurchased ) Tj ET Q q 0 0 0 rg BT 365.39 392.25 Td (in ) Tj ET Q q 0 0 0 rg BT 375.85 392.25 Td (open ) Tj ET Q q 0 0 0 rg BT 397.97 392.25 Td (market ) Tj ET Q q 0 0 0 rg BT 428.42 392.25 Td (transactions ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 478.87 392.25 Td (853,870) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 511.37 392.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 541.54 392.25 Td (of ) Tj ET Q q 0 0 0 rg BT 552.56 392.25 Td (its ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 380.25 Td (common ) Tj ET Q q 0 0 0 rg BT 87.50 380.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 111.10 380.25 Td (at ) Tj ET Q q 0 0 0 rg BT 120.82 380.25 Td (an ) Tj ET Q q 0 0 0 rg BT 132.76 380.25 Td (average ) Tj ET Q q 0 0 0 rg BT 166.34 380.25 Td (price ) Tj ET Q q 0 0 0 rg BT 188.83 380.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 199.66 380.25 Td ($49.81) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 227.16 380.25 Td ( ) Tj ET Q q 0 0 0 rg BT 229.66 380.25 Td (per ) Tj ET Q q 0 0 0 rg BT 244.93 380.25 Td (share.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 359.25 Td (During ) Tj ET Q q 0 0 0 rg BT 104.54 359.25 Td (the ) Tj ET Q q 0 0 0 rg BT 118.96 359.25 Td (nine ) Tj ET Q q 0 0 0 rg BT 138.39 359.25 Td (months ) Tj ET Q q 0 0 0 rg BT 170.05 359.25 Td (ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 196.13 359.25 Td (September30, ) Tj ET Q q 0 0 0 rg BT 256.10 359.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 276.10 359.25 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 280.81 359.25 Td (632,794) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 313.31 359.25 Td ( ) Tj ET Q q 0 0 0 rg BT 315.52 359.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 354.93 359.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 378.25 359.25 Td (units ) Tj ET Q q 0 0 0 rg BT 399.90 359.25 Td (vested ) Tj ET Q q 0 0 0 rg BT 427.66 359.25 Td (and ) Tj ET Q q 0 0 0 rg BT 444.31 359.25 Td (were ) Tj ET Q q 0 0 0 rg BT 465.94 359.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 493.15 359.25 Td (as ) Tj ET Q q 0 0 0 rg BT 503.69 359.25 Td (common ) Tj ET Q q 0 0 0 rg BT 540.90 359.25 Td (stock ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 347.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.60 347.25 Td (which ) Tj ET Q q 0 0 0 rg BT 87.31 347.25 Td (the ) Tj ET Q q 0 0 0 rg BT 101.80 347.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 142.96 347.25 Td (is ) Tj ET Q q 0 0 0 rg BT 151.91 347.25 Td (deemed ) Tj ET Q q 0 0 0 rg BT 185.27 347.25 Td (to ) Tj ET Q q 0 0 0 rg BT 195.32 347.25 Td (have ) Tj ET Q q 0 0 0 rg BT 216.47 347.25 Td (repurchased ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 267.05 347.25 Td (176,781) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 299.55 347.25 Td ( ) Tj ET Q q 0 0 0 rg BT 301.83 347.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 329.09 347.25 Td (at ) Tj ET Q q 0 0 0 rg BT 338.58 347.25 Td (an ) Tj ET Q q 0 0 0 rg BT 350.29 347.25 Td (average ) Tj ET Q q 0 0 0 rg BT 383.65 347.25 Td (price ) Tj ET Q q 0 0 0 rg BT 405.91 347.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 416.51 347.25 Td ($45.21) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 444.01 347.25 Td ( ) Tj ET Q q 0 0 0 rg BT 446.28 347.25 Td (per ) Tj ET Q q 0 0 0 rg BT 461.32 347.25 Td (share ) Tj ET Q q 0 0 0 rg BT 484.69 347.25 Td (in ) Tj ET Q q 0 0 0 rg BT 494.75 347.25 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 544.23 347.25 Td (with ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 335.25 Td (the ) Tj ET Q q 0 0 0 rg BT 65.41 335.25 Td (payment ) Tj ET Q q 0 0 0 rg BT 103.03 335.25 Td (of ) Tj ET Q q 0 0 0 rg BT 114.55 335.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 129.96 335.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 170.36 335.25 Td (in ) Tj ET Q q 0 0 0 rg BT 181.33 335.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 212.84 335.25 Td (of ) Tj ET Q q 0 0 0 rg BT 224.36 335.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 248.66 335.25 Td (delivered ) Tj ET Q q 0 0 0 rg BT 289.05 335.25 Td (to ) Tj ET Q q 0 0 0 rg BT 300.02 335.25 Td (its ) Tj ET Q q 0 0 0 rg BT 312.65 335.25 Td (employees ) Tj ET Q q 0 0 0 rg BT 358.61 335.25 Td (in ) Tj ET Q q 0 0 0 rg BT 369.58 335.25 Td (settlement ) Tj ET Q q 0 0 0 rg BT 413.86 335.25 Td (of ) Tj ET Q q 0 0 0 rg BT 425.38 335.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 465.78 335.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 490.08 335.25 Td (units. ) Tj ET Q q 0 0 0 rg BT 515.21 335.25 Td (In ) Tj ET Q q 0 0 0 rg BT 526.73 335.25 Td (addition, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 323.25 Td (during ) Tj ET Q q 0 0 0 rg BT 78.79 323.25 Td (the ) Tj ET Q q 0 0 0 rg BT 93.69 323.25 Td (nine ) Tj ET Q q 0 0 0 rg BT 113.60 323.25 Td (months ) Tj ET Q q 0 0 0 rg BT 145.73 323.25 Td (ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 172.29 323.25 Td (September30, ) Tj ET Q q 0 0 0 rg BT 232.74 323.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 252.74 323.25 Td (, ) Tj ET Q q 0 0 0 rg BT 257.92 323.25 Td (the ) Tj ET Q q 0 0 0 rg BT 272.82 323.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 314.40 323.25 Td (repurchased ) Tj ET Q q 0 0 0 rg BT 365.39 323.25 Td (in ) Tj ET Q q 0 0 0 rg BT 375.85 323.25 Td (open ) Tj ET Q q 0 0 0 rg BT 397.97 323.25 Td (market ) Tj ET Q q 0 0 0 rg BT 428.42 323.25 Td (transactions ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 478.87 323.25 Td (859,006) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 511.37 323.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 541.54 323.25 Td (of ) Tj ET Q q 0 0 0 rg BT 552.56 323.25 Td (its ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 311.25 Td (common ) Tj ET Q q 0 0 0 rg BT 87.50 311.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 111.10 311.25 Td (at ) Tj ET Q q 0 0 0 rg BT 120.82 311.25 Td (an ) Tj ET Q q 0 0 0 rg BT 132.76 311.25 Td (average ) Tj ET Q q 0 0 0 rg BT 166.34 311.25 Td (price ) Tj ET Q q 0 0 0 rg BT 188.83 311.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 199.66 311.25 Td ($37.84) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 227.16 311.25 Td ( ) Tj ET Q q 0 0 0 rg BT 229.66 311.25 Td (per ) Tj ET Q q 0 0 0 rg BT 244.93 311.25 Td (share.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 290.25 Td (In ) Tj ET Q q 0 0 0 rg BT 85.14 290.25 Td (connection ) Tj ET Q q 0 0 0 rg BT 131.82 290.25 Td (with ) Tj ET Q q 0 0 0 rg BT 152.41 290.25 Td (the ) Tj ET Q q 0 0 0 rg BT 167.44 290.25 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 214.13 290.25 Td (of ) Tj ET Q q 0 0 0 rg BT 225.27 290.25 Td (Caliburn, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 265.57 290.25 Td (1,099,877) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 305.57 290.25 Td ( ) Tj ET Q q 0 0 0 rg BT 308.38 290.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 336.19 290.25 Td (of ) Tj ET Q q 0 0 0 rg BT 347.33 290.25 Td (contingent ) Tj ET Q q 0 0 0 rg BT 392.35 290.25 Td (convertible ) Tj ET Q q 0 0 0 rg BT 440.14 290.25 Td (preferred ) Tj ET Q q 0 0 0 rg BT 479.58 290.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 503.50 290.25 Td (\("Performance ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 278.25 Td (Stock"\) ) Tj ET Q q 0 0 0 rg BT 82.06 278.25 Td (were ) Tj ET Q q 0 0 0 rg BT 103.35 278.25 Td (issued. ) Tj ET Q q 0 0 0 rg BT 132.72 278.25 Td ( ) Tj ET Q q 0 0 0 rg BT 134.45 278.25 Td (The ) Tj ET Q q 0 0 0 rg BT 151.86 278.25 Td (Performance ) Tj ET Q q 0 0 0 rg BT 204.81 278.25 Td (Stock, ) Tj ET Q q 0 0 0 rg BT 231.96 278.25 Td (which ) Tj ET Q q 0 0 0 rg BT 258.27 278.25 Td (does ) Tj ET Q q 0 0 0 rg BT 278.46 278.25 Td (not ) Tj ET Q q 0 0 0 rg BT 293.11 278.25 Td (pay ) Tj ET Q q 0 0 0 rg BT 309.41 278.25 Td (dividends, ) Tj ET Q q 0 0 0 rg BT 352.67 278.25 Td (was ) Tj ET Q q 0 0 0 rg BT 370.08 278.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 396.95 278.25 Td (in ) Tj ET Q q 0 0 0 rg BT 406.60 278.25 Td (tranches ) Tj ET Q q 0 0 0 rg BT 441.78 278.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 451.97 278.25 Td (659,926) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 484.47 278.25 Td ( ) Tj ET Q q 0 0 0 rg BT 486.34 278.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 513.20 278.25 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 529.50 278.25 Td (439,951) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 562.00 278.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 266.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 77.39 266.25 Td (and ) Tj ET Q q 0 0 0 rg BT 94.22 266.25 Td (converts ) Tj ET Q q 0 0 0 rg BT 130.50 266.25 Td (to ) Tj ET Q q 0 0 0 rg BT 140.67 266.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 168.06 266.25 Td (of ) Tj ET Q q 0 0 0 rg BT 178.79 266.25 Td (the ) Tj ET Q q 0 0 0 rg BT 193.40 266.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 240.38 266.25 Td (common ) Tj ET Q q 0 0 0 rg BT 277.77 266.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 301.28 266.25 Td (promptly ) Tj ET Q q 0 0 0 rg BT 340.34 266.25 Td (after ) Tj ET Q q 0 0 0 rg BT 361.05 266.25 Td (the ) Tj ET Q q 0 0 0 rg BT 375.67 266.25 Td (third ) Tj ET Q q 0 0 0 rg BT 396.95 266.25 Td (and ) Tj ET Q q 0 0 0 rg BT 413.79 266.25 Td (fifth ) Tj ET Q q 0 0 0 rg BT 433.40 266.25 Td (anniversary ) Tj ET Q q 0 0 0 rg BT 482.45 266.25 Td (of ) Tj ET Q q 0 0 0 rg BT 493.17 266.25 Td (the ) Tj ET Q q 0 0 0 rg BT 507.79 266.25 Td (closing ) Tj ET Q q 0 0 0 rg BT 539.07 266.25 Td (of ) Tj ET Q q 0 0 0 rg BT 549.80 266.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 254.25 Td (acquisition, ) Tj ET Q q 0 0 0 rg BT 99.21 254.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 146.88 254.25 Td (, ) Tj ET Q q 0 0 0 rg BT 152.21 254.25 Td (if ) Tj ET Q q 0 0 0 rg BT 161.15 254.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 191.18 254.25 Td (separate ) Tj ET Q q 0 0 0 rg BT 226.77 254.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 261.25 254.25 Td (tar) Tj ET Q q 0 0 0 rg BT 271.61 254.25 Td (gets ) Tj ET Q q 0 0 0 rg BT 290.55 254.25 Td (are ) Tj ET Q q 0 0 0 rg BT 305.59 254.25 Td (achieved. ) Tj ET Q q 0 0 0 rg BT 346.46 254.25 Td ( ) Tj ET Q q 0 0 0 rg BT 349.08 254.25 Td (The ) Tj ET Q q 0 0 0 rg BT 367.46 254.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 401.94 254.25 Td (tar) Tj ET Q q 0 0 0 rg BT 412.31 254.25 Td (get ) Tj ET Q q 0 0 0 rg BT 427.35 254.25 Td (for ) Tj ET Q q 0 0 0 rg BT 441.85 254.25 Td (the ) Tj ET Q q 0 0 0 rg BT 456.90 254.25 Td (first ) Tj ET Q q 0 0 0 rg BT 475.84 254.25 Td (tranche ) Tj ET Q q 0 0 0 rg BT 508.09 254.25 Td (was ) Tj ET Q q 0 0 0 rg BT 526.48 254.25 Td (achieved ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 242.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.96 242.25 Td (on ) Tj ET Q q 0 0 0 rg BT 78.93 242.25 Td (April ) Tj ET Q q 0 0 0 rg BT 102.56 242.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 112.58 242.25 Td (2013, ) Tj ET Q q 0 0 0 rg BT 137.60 242.25 Td (the ) Tj ET Q q 0 0 0 rg BT 152.34 242.25 Td (third ) Tj ET Q q 0 0 0 rg BT 173.75 242.25 Td (anniversary ) Tj ET Q q 0 0 0 rg BT 222.92 242.25 Td (of ) Tj ET Q q 0 0 0 rg BT 233.77 242.25 Td (the ) Tj ET Q q 0 0 0 rg BT 248.51 242.25 Td (closing, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 282.41 242.25 Td (659,926) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 314.91 242.25 Td ( ) Tj ET Q q 0 0 0 rg BT 317.44 242.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 344.95 242.25 Td (of ) Tj ET Q q 0 0 0 rg BT 355.80 242.25 Td (Performance ) Tj ET Q q 0 0 0 rg BT 409.41 242.25 Td (Stock, ) Tj ET Q q 0 0 0 rg BT 437.21 242.25 Td (which ) Tj ET Q q 0 0 0 rg BT 464.17 242.25 Td (had ) Tj ET Q q 0 0 0 rg BT 481.13 242.25 Td (a ) Tj ET Q q 0 0 0 rg BT 488.09 242.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 504.49 242.25 Td (value ) Tj ET Q q 0 0 0 rg BT 528.66 242.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 539.52 242.25 Td ($32.5 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 230.25 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 78.89 230.25 Td ( ) Tj ET Q q 0 0 0 rg BT 81.93 230.25 Td (at ) Tj ET Q q 0 0 0 rg BT 92.18 230.25 Td (the ) Tj ET Q q 0 0 0 rg BT 107.44 230.25 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 154.36 230.25 Td (date, ) Tj ET Q q 0 0 0 rg BT 176.55 230.25 Td (were ) Tj ET Q q 0 0 0 rg BT 199.01 230.25 Td (converted ) Tj ET Q q 0 0 0 rg BT 241.47 230.25 Td (to ) Tj ET Q q 0 0 0 rg BT 252.29 230.25 Td (common ) Tj ET Q q 0 0 0 rg BT 290.32 230.25 Td (stock. ) Tj ET Q q 0 0 0 rg BT 316.97 230.25 Td ( ) Tj ET Q q 0 0 0 rg BT 320.00 230.25 Td ( ) Tj ET Q q 0 0 0 rg BT 323.04 230.25 Td (If ) Tj ET Q q 0 0 0 rg BT 332.74 230.25 Td (the ) Tj ET Q q 0 0 0 rg BT 347.99 230.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 382.68 230.25 Td (tar) Tj ET Q q 0 0 0 rg BT 393.04 230.25 Td (get ) Tj ET Q q 0 0 0 rg BT 408.30 230.25 Td (for ) Tj ET Q q 0 0 0 rg BT 422.99 230.25 Td (the ) Tj ET Q q 0 0 0 rg BT 438.25 230.25 Td (second ) Tj ET Q q 0 0 0 rg BT 469.05 230.25 Td (tranche ) Tj ET Q q 0 0 0 rg BT 501.51 230.25 Td (is ) Tj ET Q q 0 0 0 rg BT 511.22 230.25 Td (achieved ) Tj ET Q q 0 0 0 rg BT 549.79 230.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 218.25 Td (Performance ) Tj ET Q q 0 0 0 rg BT 102.71 218.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 127.12 218.25 Td (will ) Tj ET Q q 0 0 0 rg BT 144.30 218.25 Td (be ) Tj ET Q q 0 0 0 rg BT 155.37 218.25 Td (converted ) Tj ET Q q 0 0 0 rg BT 196.42 218.25 Td (to ) Tj ET Q q 0 0 0 rg BT 205.82 218.25 Td (common ) Tj ET Q q 0 0 0 rg BT 242.45 218.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 265.18 218.25 Td (on ) Tj ET Q q 0 0 0 rg BT 276.45 218.25 Td (April ) Tj ET Q q 0 0 0 rg BT 299.19 218.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 308.31 218.25 Td (2015. ) Tj ET Q q 0 0 0 rg BT 332.44 218.25 Td ( ) Tj ET Q q 0 0 0 rg BT 334.07 218.25 Td (If ) Tj ET Q q 0 0 0 rg BT 342.36 218.25 Td (the ) Tj ET Q q 0 0 0 rg BT 356.20 218.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 389.47 218.25 Td (tar) Tj ET Q q 0 0 0 rg BT 399.84 218.25 Td (get ) Tj ET Q q 0 0 0 rg BT 413.68 218.25 Td (for ) Tj ET Q q 0 0 0 rg BT 426.97 218.25 Td (the ) Tj ET Q q 0 0 0 rg BT 440.82 218.25 Td (second ) Tj ET Q q 0 0 0 rg BT 470.21 218.25 Td (tranche ) Tj ET Q q 0 0 0 rg BT 501.26 218.25 Td (is ) Tj ET Q q 0 0 0 rg BT 509.56 218.25 Td (not ) Tj ET Q q 0 0 0 rg BT 523.97 218.25 Td (achieved, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 206.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.72 206.25 Td (Performance ) Tj ET Q q 0 0 0 rg BT 118.30 206.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 143.58 206.25 Td (in ) Tj ET Q q 0 0 0 rg BT 153.86 206.25 Td (that ) Tj ET Q q 0 0 0 rg BT 171.35 206.25 Td (tranche ) Tj ET Q q 0 0 0 rg BT 203.28 206.25 Td (will ) Tj ET Q q 0 0 0 rg BT 221.33 206.25 Td (be ) Tj ET Q q 0 0 0 rg BT 233.27 206.25 Td (canceled.) Tj ET Q endstream endobj 35 0 obj <> endobj 36 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (17) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Note7 Earnings Per) Tj ET Q q 0 0 0 rg BT 148.70 742.25 Td ( Shar) Tj ET Q q 0 0 0 rg BT 171.58 742.25 Td (e) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 725.25 Td (The computations of basic and diluted EPS are set forth below:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 655.95 307.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 655.95 48.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 655.95 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 655.95 48.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.50 655.95 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 655.95 48.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 655.95 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 655.95 48.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 615.95 307.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 615.95 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 615.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 615.95 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.50 615.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 615.95 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 615.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 615.95 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 578.95 307.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 578.95 48.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 578.95 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 578.95 48.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.50 578.95 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 578.95 48.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 578.95 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 578.95 48.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 538.95 307.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 538.95 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 538.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 538.95 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.50 538.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 538.95 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 538.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 538.95 48.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 681.95 m 405.5 681.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 681.95 m 409.5 681.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 681.95 m 457.5 681.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 681.95 m 509.5 681.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 681.95 m 513.5 681.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 681.95 m 561.5 681.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 681.95 m 405.5 681.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 668.95 m 405.5 668.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 681.95 m 457.5 681.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 668.95 m 457.5 668.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 681.95 m 509.5 681.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 668.95 m 509.5 668.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 681.95 m 513.5 681.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 681.95 m 561.5 681.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 668.95 m 561.5 668.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 631.95 m 405.5 631.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 629.95 m 405.5 629.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 631.95 m 457.5 631.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 629.95 m 457.5 629.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 631.95 m 509.5 631.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 629.95 m 509.5 629.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 631.95 m 561.5 631.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 629.95 m 561.5 629.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 629.95 m 405.5 629.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 631.95 m 405.5 631.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 629.95 m 457.5 629.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 631.95 m 457.5 631.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 629.95 m 509.5 629.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 631.95 m 509.5 631.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 629.95 m 561.5 629.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 631.95 m 561.5 631.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 578.95 m 405.5 578.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 578.95 m 457.5 578.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 578.95 m 509.5 578.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 578.95 m 561.5 578.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 578.95 m 405.5 578.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 554.95 m 405.5 554.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 552.95 m 405.5 552.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 578.95 m 457.5 578.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 554.95 m 457.5 554.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 552.95 m 457.5 552.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 578.95 m 509.5 578.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 554.95 m 509.5 554.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 552.95 m 509.5 552.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 578.95 m 561.5 578.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 554.95 m 561.5 554.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 552.95 m 561.5 552.95 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 369.30 694.18 Td (For the Three Months) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 370.50 686.18 Td (Ended September 30,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 475.40 694.18 Td (For the Nine Months) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 474.50 686.18 Td (Ended September 30,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 373.00 673.18 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 425.00 673.18 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 477.00 673.18 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 529.00 673.18 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 368.75 660.18 Td (\(inthousands,exceptpershare amounts, unaudited\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 646.52 Td (Numerator for basic and diluted EPS net income allocated to common) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 636.52 Td (stockholders) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 636.52 Td (....................................................................................................) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 360.00 635.62 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 379.15 635.62 Td (1,797) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 412.00 635.62 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 431.15 635.62 Td (8,589) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 464.00 635.62 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 478.10 635.62 Td (30,902) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 516.00 635.62 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.10 635.62 Td (26,965) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 621.52 Td (Denominator for basic EPS weighted average number of shares) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 321.50 621.52 Td (.............) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 374.10 620.62 Td (29,793) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 426.10 620.62 Td (30,252) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 478.10 620.62 Td (30,095) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.10 620.62 Td (30,611) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 606.52 Td (Add dilutive effect of:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 591.52 Td (Weighted average number of incremental shares issuable from restricted) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 581.57 Td (stock units) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 96.50 581.57 Td (.......................................................................................................) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 391.65 583.62 Td (13) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 448.65 583.62 Td (8) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 495.65 583.62 Td (27) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 552.65 583.62 Td (8) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 569.52 Td (Denominator for diluted EPS weighted average number of shares and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 559.52 Td (dilutive potential shares) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 149.00 559.52 Td (..................................................................................) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 374.10 558.62 Td (29,806) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 426.10 558.62 Td (30,260) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 478.10 558.62 Td (30,122) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.10 558.62 Td (30,619) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 544.52 Td (Earnings per share:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 529.52 Td (Basic) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 76.50 529.52 Td (...............................................................................................................) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 360.00 528.62 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 384.15 528.62 Td (0.06) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 412.00 528.62 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 436.15 528.62 Td (0.28) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 464.00 528.62 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 488.15 528.62 Td (1.03) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 516.00 528.62 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 540.15 528.62 Td (0.88) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 514.52 Td (Diluted) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 84.00 514.52 Td (............................................................................................................) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 360.00 513.62 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 384.15 513.62 Td (0.06) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 412.00 513.62 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 436.15 513.62 Td (0.28) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 464.00 513.62 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 488.15 513.62 Td (1.03) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 516.00 513.62 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 540.15 513.62 Td (0.88) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 488.45 Td (The ) Tj ET Q q 0 0 0 rg BT 91.51 488.45 Td (weighted ) Tj ET Q q 0 0 0 rg BT 130.13 488.45 Td (number ) Tj ET Q q 0 0 0 rg BT 162.64 488.45 Td (of ) Tj ET Q q 0 0 0 rg BT 172.94 488.45 Td (shares ) Tj ET Q q 0 0 0 rg BT 199.89 488.45 Td (and ) Tj ET Q q 0 0 0 rg BT 216.29 488.45 Td (dilutive ) Tj ET Q q 0 0 0 rg BT 248.81 488.45 Td (potential ) Tj ET Q q 0 0 0 rg BT 285.76 488.45 Td (shares ) Tj ET Q q 0 0 0 rg BT 312.72 488.45 Td (for ) Tj ET Q q 0 0 0 rg BT 326.34 488.45 Td (the ) Tj ET Q q 0 0 0 rg BT 340.52 488.45 Td (three ) Tj ET Q q 0 0 0 rg BT 362.47 488.45 Td (and ) Tj ET Q q 0 0 0 rg BT 378.88 488.45 Td (nine ) Tj ET Q q 0 0 0 rg BT 398.06 488.45 Td (month ) Tj ET Q q 0 0 0 rg BT 425.58 488.45 Td (periods ) Tj ET Q q 0 0 0 rg BT 456.98 488.45 Td (ended ) Tj ET Q q 0 0 0 rg BT 482.82 488.45 Td (September ) Tj ET Q q 0 0 0 rg BT 527.55 488.45 Td (30, ) Tj ET Q q 0 0 0 rg BT 542.02 488.45 Td (2013 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 476.45 Td (include ) Tj ET Q q 0 0 0 rg BT 82.19 476.45 Td (the ) Tj ET Q q 0 0 0 rg BT 97.16 476.45 Td (conversion ) Tj ET Q q 0 0 0 rg BT 143.80 476.45 Td (of ) Tj ET Q q 0 0 0 rg BT 154.88 476.45 Td (the ) Tj ET Q q 0 0 0 rg BT 169.86 476.45 Td (first ) Tj ET Q q 0 0 0 rg BT 188.72 476.45 Td (tranche ) Tj ET Q q 0 0 0 rg BT 220.90 476.45 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 231.99 476.45 Td (659,926) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 264.49 476.45 Td ( ) Tj ET Q q 0 0 0 rg BT 267.24 476.45 Td (shares ) Tj ET Q q 0 0 0 rg BT 294.99 476.45 Td (of ) Tj ET Q q 0 0 0 rg BT 306.08 476.45 Td (Performance ) Tj ET Q q 0 0 0 rg BT 359.92 476.45 Td (Stock ) Tj ET Q q 0 0 0 rg BT 385.45 476.45 Td (to ) Tj ET Q q 0 0 0 rg BT 395.99 476.45 Td (common ) Tj ET Q q 0 0 0 rg BT 433.74 476.45 Td (stock. ) Tj ET Q q 0 0 0 rg BT 460.10 476.45 Td ( ) Tj ET Q q 0 0 0 rg BT 462.66 476.45 Td (The ) Tj ET Q q 0 0 0 rg BT 480.96 476.45 Td (weighted ) Tj ET Q q 0 0 0 rg BT 520.37 476.45 Td (number ) Tj ET Q q 0 0 0 rg BT 553.68 476.45 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 464.45 Td (shares ) Tj ET Q q 0 0 0 rg BT 77.96 464.45 Td (for ) Tj ET Q q 0 0 0 rg BT 92.60 464.45 Td (the ) Tj ET Q q 0 0 0 rg BT 107.79 464.45 Td (three ) Tj ET Q q 0 0 0 rg BT 130.74 464.45 Td (and ) Tj ET Q q 0 0 0 rg BT 148.15 464.45 Td (nine ) Tj ET Q q 0 0 0 rg BT 168.34 464.45 Td (month ) Tj ET Q q 0 0 0 rg BT 196.87 464.45 Td (periods ) Tj ET Q q 0 0 0 rg BT 229.28 464.45 Td (ended ) Tj ET Q q 0 0 0 rg BT 256.13 464.45 Td (September ) Tj ET Q q 0 0 0 rg BT 301.87 464.45 Td (30, ) Tj ET Q q 0 0 0 rg BT 317.34 464.45 Td (2012 ) Tj ET Q q 0 0 0 rg BT 340.32 464.45 Td (do ) Tj ET Q q 0 0 0 rg BT 353.29 464.45 Td (not ) Tj ET Q q 0 0 0 rg BT 369.04 464.45 Td (include ) Tj ET Q q 0 0 0 rg BT 401.45 464.45 Td (the ) Tj ET Q q 0 0 0 rg BT 416.63 464.45 Td (dilutive ) Tj ET Q q 0 0 0 rg BT 450.16 464.45 Td (ef) Tj ET Q q 0 0 0 rg BT 457.75 464.45 Td (fect ) Tj ET Q q 0 0 0 rg BT 475.71 464.45 Td (of ) Tj ET Q q 0 0 0 rg BT 487.01 464.45 Td (the ) Tj ET Q q 0 0 0 rg BT 502.20 464.45 Td (first ) Tj ET Q q 0 0 0 rg BT 521.28 464.45 Td (tranche ) Tj ET Q q 0 0 0 rg BT 553.67 464.45 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 452.45 Td (Performance ) Tj ET Q q 0 0 0 rg BT 103.53 452.45 Td (Stock ) Tj ET Q q 0 0 0 rg BT 128.75 452.45 Td (since ) Tj ET Q q 0 0 0 rg BT 151.75 452.45 Td (the ) Tj ET Q q 0 0 0 rg BT 166.41 452.45 Td (revenue ) Tj ET Q q 0 0 0 rg BT 200.50 452.45 Td (tar) Tj ET Q q 0 0 0 rg BT 210.87 452.45 Td (get ) Tj ET Q q 0 0 0 rg BT 225.53 452.45 Td (was ) Tj ET Q q 0 0 0 rg BT 243.53 452.45 Td (not ) Tj ET Q q 0 0 0 rg BT 258.75 452.45 Td (achieved ) Tj ET Q q 0 0 0 rg BT 296.73 452.45 Td (at ) Tj ET Q q 0 0 0 rg BT 306.40 452.45 Td (that ) Tj ET Q q 0 0 0 rg BT 323.84 452.45 Td (time. ) Tj ET Q q 0 0 0 rg BT 346.56 452.45 Td ( ) Tj ET Q q 0 0 0 rg BT 348.83 452.45 Td (The ) Tj ET Q q 0 0 0 rg BT 366.82 452.45 Td (weighted ) Tj ET Q q 0 0 0 rg BT 405.92 452.45 Td (number ) Tj ET Q q 0 0 0 rg BT 438.92 452.45 Td (of ) Tj ET Q q 0 0 0 rg BT 449.69 452.45 Td (shares ) Tj ET Q q 0 0 0 rg BT 477.13 452.45 Td (and ) Tj ET Q q 0 0 0 rg BT 494.01 452.45 Td (dilutive ) Tj ET Q q 0 0 0 rg BT 527.01 452.45 Td (potential ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 440.45 Td (shares ) Tj ET Q q 0 0 0 rg BT 77.35 440.45 Td (for ) Tj ET Q q 0 0 0 rg BT 91.38 440.45 Td (the ) Tj ET Q q 0 0 0 rg BT 105.96 440.45 Td (three ) Tj ET Q q 0 0 0 rg BT 128.31 440.45 Td (and ) Tj ET Q q 0 0 0 rg BT 145.11 440.45 Td (nine ) Tj ET Q q 0 0 0 rg BT 164.70 440.45 Td (month ) Tj ET Q q 0 0 0 rg BT 192.62 440.45 Td (periods ) Tj ET Q q 0 0 0 rg BT 224.42 440.45 Td (ended ) Tj ET Q q 0 0 0 rg BT 250.66 440.45 Td (September ) Tj ET Q q 0 0 0 rg BT 295.79 440.45 Td (30, ) Tj ET Q q 0 0 0 rg BT 310.66 440.45 Td (2013 ) Tj ET Q q 0 0 0 rg BT 333.02 440.45 Td (and ) Tj ET Q q 0 0 0 rg BT 349.82 440.45 Td (2012 ) Tj ET Q q 0 0 0 rg BT 372.19 440.45 Td (do ) Tj ET Q q 0 0 0 rg BT 384.55 440.45 Td (not ) Tj ET Q q 0 0 0 rg BT 399.70 440.45 Td (include ) Tj ET Q q 0 0 0 rg BT 431.49 440.45 Td (the ) Tj ET Q q 0 0 0 rg BT 446.08 440.45 Td (Performance ) Tj ET Q q 0 0 0 rg BT 499.52 440.45 Td (Stock ) Tj ET Q q 0 0 0 rg BT 524.67 440.45 Td (related ) Tj ET Q q 0 0 0 rg BT 554.23 440.45 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 428.45 Td (the ) Tj ET Q q 0 0 0 rg BT 64.28 428.45 Td (second ) Tj ET Q q 0 0 0 rg BT 94.11 428.45 Td (tranche, ) Tj ET Q q 0 0 0 rg BT 128.10 428.45 Td (which ) Tj ET Q q 0 0 0 rg BT 154.60 428.45 Td (will ) Tj ET Q q 0 0 0 rg BT 172.21 428.45 Td (be ) Tj ET Q q 0 0 0 rg BT 183.71 428.45 Td (included ) Tj ET Q q 0 0 0 rg BT 220.21 428.45 Td (in ) Tj ET Q q 0 0 0 rg BT 230.05 428.45 Td (the ) Tj ET Q q 0 0 0 rg BT 244.33 428.45 Td (Company's ) Tj ET Q q 0 0 0 rg BT 290.97 428.45 Td (share ) Tj ET Q q 0 0 0 rg BT 314.13 428.45 Td (count ) Tj ET Q q 0 0 0 rg BT 338.41 428.45 Td (at ) Tj ET Q q 0 0 0 rg BT 347.69 428.45 Td (the ) Tj ET Q q 0 0 0 rg BT 361.97 428.45 Td (time ) Tj ET Q q 0 0 0 rg BT 381.80 428.45 Td (the ) Tj ET Q q 0 0 0 rg BT 396.08 428.45 Td (revenue ) Tj ET Q q 0 0 0 rg BT 429.79 428.45 Td (tar) Tj ET Q q 0 0 0 rg BT 440.16 428.45 Td (get ) Tj ET Q q 0 0 0 rg BT 454.44 428.45 Td (is ) Tj ET Q q 0 0 0 rg BT 463.17 428.45 Td (met. ) Tj ET Q q 0 0 0 rg BT 482.72 428.45 Td (If ) Tj ET Q q 0 0 0 rg BT 491.45 428.45 Td (the ) Tj ET Q q 0 0 0 rg BT 505.73 428.45 Td (revenue ) Tj ET Q q 0 0 0 rg BT 539.43 428.45 Td (tar) Tj ET Q q 0 0 0 rg BT 549.80 428.45 Td (get ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 416.45 Td (for ) Tj ET Q q 0 0 0 rg BT 64.16 416.45 Td (the ) Tj ET Q q 0 0 0 rg BT 78.88 416.45 Td (second ) Tj ET Q q 0 0 0 rg BT 109.15 416.45 Td (tranche ) Tj ET Q q 0 0 0 rg BT 141.07 416.45 Td (is ) Tj ET Q q 0 0 0 rg BT 150.24 416.45 Td (not ) Tj ET Q q 0 0 0 rg BT 165.52 416.45 Td (achieved, ) Tj ET Q q 0 0 0 rg BT 206.05 416.45 Td (the ) Tj ET Q q 0 0 0 rg BT 220.77 416.45 Td (contingent ) Tj ET Q q 0 0 0 rg BT 265.48 416.45 Td (convertible ) Tj ET Q q 0 0 0 rg BT 312.96 416.45 Td (preferred ) Tj ET Q q 0 0 0 rg BT 352.09 416.45 Td (shares ) Tj ET Q q 0 0 0 rg BT 379.58 416.45 Td (in ) Tj ET Q q 0 0 0 rg BT 389.86 416.45 Td (that ) Tj ET Q q 0 0 0 rg BT 407.36 416.45 Td (tranche ) Tj ET Q q 0 0 0 rg BT 439.28 416.45 Td (will ) Tj ET Q q 0 0 0 rg BT 457.34 416.45 Td (be ) Tj ET Q q 0 0 0 rg BT 469.28 416.45 Td (canceled. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 394.25 Td (Note8 Income ) Tj ET Q q 0 0 0 rg BT 126.47 394.25 Td (T) Tj ET Q q 0 0 0 rg BT 132.22 394.25 Td (axes) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 377.75 Td (The ) Tj ET Q q 0 0 0 rg BT 91.99 377.75 Td (Company's ) Tj ET Q q 0 0 0 rg BT 139.02 377.75 Td (ef) Tj ET Q q 0 0 0 rg BT 146.61 377.75 Td (fective ) Tj ET Q q 0 0 0 rg BT 176.26 377.75 Td (tax ) Tj ET Q q 0 0 0 rg BT 190.92 377.75 Td (rate ) Tj ET Q q 0 0 0 rg BT 208.36 377.75 Td (will ) Tj ET Q q 0 0 0 rg BT 226.36 377.75 Td (vary ) Tj ET Q q 0 0 0 rg BT 246.58 377.75 Td (depending ) Tj ET Q q 0 0 0 rg BT 290.68 377.75 Td (on ) Tj ET Q q 0 0 0 rg BT 303.13 377.75 Td (the ) Tj ET Q q 0 0 0 rg BT 317.79 377.75 Td (source ) Tj ET Q q 0 0 0 rg BT 346.34 377.75 Td (of ) Tj ET Q q 0 0 0 rg BT 357.12 377.75 Td (the ) Tj ET Q q 0 0 0 rg BT 371.78 377.75 Td (income. ) Tj ET Q q 0 0 0 rg BT 406.16 377.75 Td (Investment ) Tj ET Q q 0 0 0 rg BT 453.05 377.75 Td (and ) Tj ET Q q 0 0 0 rg BT 469.93 377.75 Td (certain ) Tj ET Q q 0 0 0 rg BT 499.58 377.75 Td (foreign ) Tj ET Q q 0 0 0 rg BT 530.91 377.75 Td (sourced ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 365.75 Td (income ) Tj ET Q q 0 0 0 rg BT 81.93 365.75 Td (are ) Tj ET Q q 0 0 0 rg BT 96.64 365.75 Td (taxed ) Tj ET Q q 0 0 0 rg BT 120.80 365.75 Td (at ) Tj ET Q q 0 0 0 rg BT 130.51 365.75 Td (a ) Tj ET Q q 0 0 0 rg BT 137.45 365.75 Td (lower ) Tj ET Q q 0 0 0 rg BT 162.72 365.75 Td (ef) Tj ET Q q 0 0 0 rg BT 170.31 365.75 Td (fective ) Tj ET Q q 0 0 0 rg BT 200.01 365.75 Td (rate ) Tj ET Q q 0 0 0 rg BT 217.50 365.75 Td (than ) Tj ET Q q 0 0 0 rg BT 237.21 365.75 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 257.50 365.75 Td (trade ) Tj ET Q q 0 0 0 rg BT 279.98 365.75 Td (or ) Tj ET Q q 0 0 0 rg BT 290.81 365.75 Td (business ) Tj ET Q q 0 0 0 rg BT 327.20 365.75 Td (income. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 344.75 Td (The ) Tj ET Q q 0 0 0 rg BT 91.19 344.75 Td (Company ) Tj ET Q q 0 0 0 rg BT 131.72 344.75 Td (believes ) Tj ET Q q 0 0 0 rg BT 166.13 344.75 Td (it ) Tj ET Q q 0 0 0 rg BT 173.33 344.75 Td (is ) Tj ET Q q 0 0 0 rg BT 181.64 344.75 Td (more ) Tj ET Q q 0 0 0 rg BT 203.83 344.75 Td (likely ) Tj ET Q q 0 0 0 rg BT 228.25 344.75 Td (than ) Tj ET Q q 0 0 0 rg BT 247.11 344.75 Td (not ) Tj ET Q q 0 0 0 rg BT 261.53 344.75 Td (that ) Tj ET Q q 0 0 0 rg BT 278.17 344.75 Td (the ) Tj ET Q q 0 0 0 rg BT 292.02 344.75 Td (deferred ) Tj ET Q q 0 0 0 rg BT 326.97 344.75 Td (tax ) Tj ET Q q 0 0 0 rg BT 340.83 344.75 Td (asset, ) Tj ET Q q 0 0 0 rg BT 364.42 344.75 Td (which ) Tj ET Q q 0 0 0 rg BT 390.50 344.75 Td (relates ) Tj ET Q q 0 0 0 rg BT 418.23 344.75 Td (principally ) Tj ET Q q 0 0 0 rg BT 463.20 344.75 Td (to ) Tj ET Q q 0 0 0 rg BT 472.62 344.75 Td (compensation ) Tj ET Q q 0 0 0 rg BT 529.80 344.75 Td (expense ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 332.75 Td (deducted ) Tj ET Q q 0 0 0 rg BT 88.64 332.75 Td (for ) Tj ET Q q 0 0 0 rg BT 102.85 332.75 Td (book ) Tj ET Q q 0 0 0 rg BT 125.39 332.75 Td (purposes ) Tj ET Q q 0 0 0 rg BT 163.49 332.75 Td (but ) Tj ET Q q 0 0 0 rg BT 178.82 332.75 Td (not ) Tj ET Q q 0 0 0 rg BT 194.14 332.75 Td (yet ) Tj ET Q q 0 0 0 rg BT 208.90 332.75 Td (deducted ) Tj ET Q q 0 0 0 rg BT 247.54 332.75 Td (for ) Tj ET Q q 0 0 0 rg BT 261.75 332.75 Td (tax ) Tj ET Q q 0 0 0 rg BT 276.51 332.75 Td (purposes, ) Tj ET Q q 0 0 0 rg BT 317.11 332.75 Td (will ) Tj ET Q q 0 0 0 rg BT 335.21 332.75 Td (be ) Tj ET Q q 0 0 0 rg BT 347.20 332.75 Td (realized ) Tj ET Q q 0 0 0 rg BT 381.39 332.75 Td (as ) Tj ET Q q 0 0 0 rg BT 392.26 332.75 Td (of) Tj ET Q q 0 0 0 rg BT 400.41 332.75 Td (fsets ) Tj ET Q q 0 0 0 rg BT 421.29 332.75 Td (to: ) Tj ET Q q 0 0 0 rg BT 434.39 332.75 Td (\(i\)the ) Tj ET Q q 0 0 0 rg BT 461.09 332.75 Td (realization ) Tj ET Q q 0 0 0 rg BT 505.84 332.75 Td (of ) Tj ET Q q 0 0 0 rg BT 516.71 332.75 Td (its ) Tj ET Q q 0 0 0 rg BT 528.71 332.75 Td (deferred ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 320.75 Td (tax ) Tj ET Q q 0 0 0 rg BT 64.72 320.75 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 104.43 320.75 Td (and ) Tj ET Q q 0 0 0 rg BT 121.37 320.75 Td (\(ii\)future ) Tj ET Q q 0 0 0 rg BT 162.47 320.75 Td (taxable ) Tj ET Q q 0 0 0 rg BT 193.84 320.75 Td (income. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 299.75 Td (Any ) Tj ET Q q 0 0 0 rg BT 94.29 299.75 Td (gain ) Tj ET Q q 0 0 0 rg BT 114.58 299.75 Td (or ) Tj ET Q q 0 0 0 rg BT 125.98 299.75 Td (loss ) Tj ET Q q 0 0 0 rg BT 144.61 299.75 Td (resulting ) Tj ET Q q 0 0 0 rg BT 182.68 299.75 Td (from ) Tj ET Q q 0 0 0 rg BT 205.19 299.75 Td (the ) Tj ET Q q 0 0 0 rg BT 220.47 299.75 Td (translation ) Tj ET Q q 0 0 0 rg BT 265.75 299.75 Td (of ) Tj ET Q q 0 0 0 rg BT 277.16 299.75 Td (deferred ) Tj ET Q q 0 0 0 rg BT 313.53 299.75 Td (taxes ) Tj ET Q q 0 0 0 rg BT 337.15 299.75 Td (for ) Tj ET Q q 0 0 0 rg BT 351.88 299.75 Td (foreign ) Tj ET Q q 0 0 0 rg BT 383.83 299.75 Td (af) Tj ET Q q 0 0 0 rg BT 391.41 299.75 Td (filiates ) Tj ET Q q 0 0 0 rg BT 421.70 299.75 Td (is ) Tj ET Q q 0 0 0 rg BT 431.44 299.75 Td (included ) Tj ET Q q 0 0 0 rg BT 468.94 299.75 Td (in ) Tj ET Q q 0 0 0 rg BT 479.79 299.75 Td (the ) Tj ET Q q 0 0 0 rg BT 495.08 299.75 Td (foreign ) Tj ET Q q 0 0 0 rg BT 527.02 299.75 Td (currency ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 287.75 Td (translation ) Tj ET Q q 0 0 0 rg BT 95.26 287.75 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 142.20 287.75 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 195.78 287.75 Td (as ) Tj ET Q q 0 0 0 rg BT 207.16 287.75 Td (a ) Tj ET Q q 0 0 0 rg BT 214.65 287.75 Td (component ) Tj ET Q q 0 0 0 rg BT 262.14 287.75 Td (of ) Tj ET Q q 0 0 0 rg BT 273.52 287.75 Td (other ) Tj ET Q q 0 0 0 rg BT 297.12 287.75 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 360.70 287.75 Td (income, ) Tj ET Q q 0 0 0 rg BT 395.69 287.75 Td (net ) Tj ET Q q 0 0 0 rg BT 410.96 287.75 Td (of ) Tj ET Q q 0 0 0 rg BT 422.34 287.75 Td (tax, ) Tj ET Q q 0 0 0 rg BT 440.11 287.75 Td (in ) Tj ET Q q 0 0 0 rg BT 450.94 287.75 Td (the ) Tj ET Q q 0 0 0 rg BT 466.21 287.75 Td (condensed ) Tj ET Q q 0 0 0 rg BT 511.46 287.75 Td (consolidated ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 275.75 Td (statements ) Tj ET Q q 0 0 0 rg BT 94.71 275.75 Td (of ) Tj ET Q q 0 0 0 rg BT 105.54 275.75 Td (changes ) Tj ET Q q 0 0 0 rg BT 140.25 275.75 Td (in ) Tj ET Q q 0 0 0 rg BT 150.53 275.75 Td (equity ) Tj ET Q q 0 0 0 rg BT 178.02 275.75 Td (and ) Tj ET Q q 0 0 0 rg BT 194.96 275.75 Td (the ) Tj ET Q q 0 0 0 rg BT 209.68 275.75 Td (condensed ) Tj ET Q q 0 0 0 rg BT 254.38 275.75 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 307.43 275.75 Td (statements ) Tj ET Q q 0 0 0 rg BT 352.14 275.75 Td (of ) Tj ET Q q 0 0 0 rg BT 362.97 275.75 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 426.00 275.75 Td (income. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 254.75 Td (The ) Tj ET Q q 0 0 0 rg BT 91.93 254.75 Td (Company's ) Tj ET Q q 0 0 0 rg BT 138.89 254.75 Td (income ) Tj ET Q q 0 0 0 rg BT 170.71 254.75 Td (tax ) Tj ET Q q 0 0 0 rg BT 185.31 254.75 Td (returns ) Tj ET Q q 0 0 0 rg BT 215.46 254.75 Td (are ) Tj ET Q q 0 0 0 rg BT 230.05 254.75 Td (routinely ) Tj ET Q q 0 0 0 rg BT 268.54 254.75 Td (examined ) Tj ET Q q 0 0 0 rg BT 309.79 254.75 Td (by ) Tj ET Q q 0 0 0 rg BT 322.17 254.75 Td (the ) Tj ET Q q 0 0 0 rg BT 336.77 254.75 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 356.94 254.75 Td (federal, ) Tj ET Q q 0 0 0 rg BT 389.58 254.75 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 409.74 254.75 Td (state, ) Tj ET Q q 0 0 0 rg BT 432.95 254.75 Td (and ) Tj ET Q q 0 0 0 rg BT 449.77 254.75 Td (international ) Tj ET Q q 0 0 0 rg BT 502.69 254.75 Td (tax ) Tj ET Q q 0 0 0 rg BT 517.29 254.75 Td (authorities. ) Tj ET Q q 0 0 0 rg BT 564.50 254.75 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 242.75 Td (The ) Tj ET Q q 0 0 0 rg BT 67.52 242.75 Td (Company ) Tj ET Q q 0 0 0 rg BT 108.37 242.75 Td (regularly ) Tj ET Q q 0 0 0 rg BT 146.44 242.75 Td (assesses ) Tj ET Q q 0 0 0 rg BT 181.18 242.75 Td (its ) Tj ET Q q 0 0 0 rg BT 192.60 242.75 Td (tax ) Tj ET Q q 0 0 0 rg BT 206.78 242.75 Td (positions ) Tj ET Q q 0 0 0 rg BT 244.87 242.75 Td (with ) Tj ET Q q 0 0 0 rg BT 264.62 242.75 Td (respect ) Tj ET Q q 0 0 0 rg BT 294.90 242.75 Td (to ) Tj ET Q q 0 0 0 rg BT 304.65 242.75 Td (applicable ) Tj ET Q q 0 0 0 rg BT 347.71 242.75 Td (income ) Tj ET Q q 0 0 0 rg BT 379.11 242.75 Td (tax ) Tj ET Q q 0 0 0 rg BT 393.30 242.75 Td (issues ) Tj ET Q q 0 0 0 rg BT 419.16 242.75 Td (for ) Tj ET Q q 0 0 0 rg BT 432.79 242.75 Td (open ) Tj ET Q q 0 0 0 rg BT 454.19 242.75 Td (tax ) Tj ET Q q 0 0 0 rg BT 468.38 242.75 Td (years ) Tj ET Q q 0 0 0 rg BT 491.45 242.75 Td (in ) Tj ET Q q 0 0 0 rg BT 501.19 242.75 Td (each ) Tj ET Q q 0 0 0 rg BT 521.48 242.75 Td (respective ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 230.75 Td (jurisdiction ) Tj ET Q q 0 0 0 rg BT 98.83 230.75 Td (in ) Tj ET Q q 0 0 0 rg BT 109.89 230.75 Td (which ) Tj ET Q q 0 0 0 rg BT 137.60 230.75 Td (the ) Tj ET Q q 0 0 0 rg BT 153.10 230.75 Td (Company ) Tj ET Q q 0 0 0 rg BT 195.26 230.75 Td (operates. ) Tj ET Q q 0 0 0 rg BT 234.35 230.75 Td ( ) Tj ET Q q 0 0 0 rg BT 236.91 230.75 Td (As ) Tj ET Q q 0 0 0 rg BT 251.30 230.75 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 262.91 230.75 Td (September30, ) Tj ET Q q 0 0 0 rg BT 323.95 230.75 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 343.95 230.75 Td (, ) Tj ET Q q 0 0 0 rg BT 349.73 230.75 Td (the ) Tj ET Q q 0 0 0 rg BT 365.22 230.75 Td (Company ) Tj ET Q q 0 0 0 rg BT 407.39 230.75 Td (does ) Tj ET Q q 0 0 0 rg BT 428.99 230.75 Td (not ) Tj ET Q q 0 0 0 rg BT 445.05 230.75 Td (believe ) Tj ET Q q 0 0 0 rg BT 477.20 230.75 Td (the ) Tj ET Q q 0 0 0 rg BT 492.69 230.75 Td (resolution ) Tj ET Q q 0 0 0 rg BT 535.97 230.75 Td (of ) Tj ET Q q 0 0 0 rg BT 547.58 230.75 Td (any ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 218.75 Td (current ) Tj ET Q q 0 0 0 rg BT 80.82 218.75 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 116.09 218.75 Td (income ) Tj ET Q q 0 0 0 rg BT 148.03 218.75 Td (tax ) Tj ET Q q 0 0 0 rg BT 162.74 218.75 Td (examinations ) Tj ET Q q 0 0 0 rg BT 218.56 218.75 Td (will ) Tj ET Q q 0 0 0 rg BT 236.62 218.75 Td (have ) Tj ET Q q 0 0 0 rg BT 258.00 218.75 Td (a ) Tj ET Q q 0 0 0 rg BT 264.94 218.75 Td (material ) Tj ET Q q 0 0 0 rg BT 300.20 218.75 Td (adverse ) Tj ET Q q 0 0 0 rg BT 333.23 218.75 Td (impact ) Tj ET Q q 0 0 0 rg BT 362.94 218.75 Td (on ) Tj ET Q q 0 0 0 rg BT 375.44 218.75 Td (the ) Tj ET Q q 0 0 0 rg BT 390.16 218.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 427.64 218.75 Td (position ) Tj ET Q q 0 0 0 rg BT 462.37 218.75 Td (of ) Tj ET Q q 0 0 0 rg BT 473.20 218.75 Td (the ) Tj ET Q q 0 0 0 rg BT 487.92 218.75 Td (Company) Tj ET Q q 0 0 0 rg BT 526.15 218.75 Td (. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 196.25 Td (Note9 Regulatory Requir) Tj ET Q q 0 0 0 rg BT 172.58 196.25 Td (ements) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 179.25 Td (Certain ) Tj ET Q q 0 0 0 rg BT 105.92 179.25 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 155.62 179.25 Td (of ) Tj ET Q q 0 0 0 rg BT 166.44 179.25 Td (the ) Tj ET Q q 0 0 0 rg BT 181.14 179.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 222.51 179.25 Td (are ) Tj ET Q q 0 0 0 rg BT 237.20 179.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 268.01 179.25 Td (to ) Tj ET Q q 0 0 0 rg BT 278.28 179.25 Td (various ) Tj ET Q q 0 0 0 rg BT 310.20 179.25 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 353.78 179.25 Td (requirements ) Tj ET Q q 0 0 0 rg BT 408.47 179.25 Td (in ) Tj ET Q q 0 0 0 rg BT 418.73 179.25 Td (the ) Tj ET Q q 0 0 0 rg BT 433.43 179.25 Td (UnitedStates, ) Tj ET Q q 0 0 0 rg BT 492.02 179.25 Td (United ) Tj ET Q q 0 0 0 rg BT 521.72 179.25 Td (Kingdom, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 167.25 Td (Australia ) Tj ET Q q 0 0 0 rg BT 88.16 167.25 Td (and ) Tj ET Q q 0 0 0 rg BT 104.10 167.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 132.80 167.25 Td (other ) Tj ET Q q 0 0 0 rg BT 154.85 167.25 Td (jurisdictions, ) Tj ET Q q 0 0 0 rg BT 208.30 167.25 Td (which ) Tj ET Q q 0 0 0 rg BT 234.24 167.25 Td (specify) Tj ET Q q 0 0 0 rg BT 262.47 167.25 Td (, ) Tj ET Q q 0 0 0 rg BT 266.47 167.25 Td (among ) Tj ET Q q 0 0 0 rg BT 295.19 167.25 Td (other ) Tj ET Q q 0 0 0 rg BT 317.24 167.25 Td (requirements, ) Tj ET Q q 0 0 0 rg BT 373.45 167.25 Td (minimum ) Tj ET Q q 0 0 0 rg BT 413.84 167.25 Td (net ) Tj ET Q q 0 0 0 rg BT 427.56 167.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 455.71 167.25 Td (requirements ) Tj ET Q q 0 0 0 rg BT 509.42 167.25 Td (for ) Tj ET Q q 0 0 0 rg BT 522.58 167.25 Td (registered ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 155.25 Td (broker) Tj ET Q q 0 0 0 rg BT 75.90 155.25 Td (-dealers.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 134.25 Td (G&Co ) Tj ET Q q 0 0 0 rg BT 103.24 134.25 Td (is ) Tj ET Q q 0 0 0 rg BT 112.49 134.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 143.38 134.25 Td (to ) Tj ET Q q 0 0 0 rg BT 153.74 134.25 Td (the ) Tj ET Q q 0 0 0 rg BT 168.53 134.25 Td (SEC) Tj ET Q q 0 0 0 rg BT 189.64 134.25 Td (s ) Tj ET Q q 0 0 0 rg BT 196.11 134.25 Td (Uniform ) Tj ET Q q 0 0 0 rg BT 233.12 134.25 Td (Net ) Tj ET Q q 0 0 0 rg BT 250.13 134.25 Td (Capital ) Tj ET Q q 0 0 0 rg BT 281.59 134.25 Td (requirements ) Tj ET Q q 0 0 0 rg BT 336.36 134.25 Td (under ) Tj ET Q q 0 0 0 rg BT 361.71 134.25 Td (Rule15c3-1 ) Tj ET Q q 0 0 0 rg BT 413.43 134.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 431.55 134.25 Td (Rule\), ) Tj ET Q q 0 0 0 rg BT 467.72 134.25 Td (which ) Tj ET Q q 0 0 0 rg BT 494.73 134.25 Td (specifies, ) Tj ET Q q 0 0 0 rg BT 534.79 134.25 Td (among ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 122.25 Td (other ) Tj ET Q q 0 0 0 rg BT 74.01 122.25 Td (requirements, ) Tj ET Q q 0 0 0 rg BT 132.17 122.25 Td (minimum ) Tj ET Q q 0 0 0 rg BT 174.53 122.25 Td (net ) Tj ET Q q 0 0 0 rg BT 190.21 122.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 220.32 122.25 Td (requirements ) Tj ET Q q 0 0 0 rg BT 275.98 122.25 Td (for ) Tj ET Q q 0 0 0 rg BT 291.10 122.25 Td (registered ) Tj ET Q q 0 0 0 rg BT 333.99 122.25 Td (broker) Tj ET Q q 0 0 0 rg BT 359.89 122.25 Td (-dealers. ) Tj ET Q q 0 0 0 rg BT 397.50 122.25 Td ( ) Tj ET Q q 0 0 0 rg BT 400.71 122.25 Td (The ) Tj ET Q q 0 0 0 rg BT 419.72 122.25 Td (Rule ) Tj ET Q q 0 0 0 rg BT 442.06 122.25 Td (requires ) Tj ET Q q 0 0 0 rg BT 477.73 122.25 Td (G&Co ) Tj ET Q q 0 0 0 rg BT 507.87 122.25 Td (to ) Tj ET Q q 0 0 0 rg BT 519.11 122.25 Td (maintain ) Tj ET Q q 0 0 0 rg BT 557.56 122.25 Td (a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 110.25 Td (minimum ) Tj ET Q q 0 0 0 rg BT 90.97 110.25 Td (net ) Tj ET Q q 0 0 0 rg BT 105.27 110.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 134.00 110.25 Td (of ) Tj ET Q q 0 0 0 rg BT 144.42 110.25 Td (the ) Tj ET Q q 0 0 0 rg BT 158.71 110.25 Td (greater ) Tj ET Q q 0 0 0 rg BT 188.55 110.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 198.96 110.25 Td ($5,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 226.46 110.25 Td ( ) Tj ET Q q 0 0 0 rg BT 228.54 110.25 Td (or ) Tj ET Q q 0 0 0 rg BT 238.95 110.25 Td (1/15 ) Tj ET Q q 0 0 0 rg BT 258.81 110.25 Td (of ) Tj ET Q q 0 0 0 rg BT 269.23 110.25 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 310.17 110.25 Td (indebtedness, ) Tj ET Q q 0 0 0 rg BT 366.41 110.25 Td (as ) Tj ET Q q 0 0 0 rg BT 376.82 110.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 408.88 110.25 Td (in ) Tj ET Q q 0 0 0 rg BT 418.74 110.25 Td (the ) Tj ET Q q 0 0 0 rg BT 433.04 110.25 Td (Rule. ) Tj ET Q q 0 0 0 rg BT 456.05 110.25 Td (As ) Tj ET Q q 0 0 0 rg BT 469.25 110.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 479.66 110.25 Td (September30, ) Tj ET Q q 0 0 0 rg BT 539.50 110.25 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 559.50 110.25 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 98.25 Td (G&Co) Tj ET Q q 0 0 0 rg BT 79.45 98.25 Td (s ) Tj ET Q q 0 0 0 rg BT 86.47 98.25 Td (net ) Tj ET Q q 0 0 0 rg BT 101.82 98.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 131.60 98.25 Td (was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 150.28 98.25 Td ($1.4 ) Tj ET Q q 0 0 0 rg BT 170.92 98.25 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 199.81 98.25 Td (, ) Tj ET Q q 0 0 0 rg BT 205.44 98.25 Td (which ) Tj ET Q q 0 0 0 rg BT 233.01 98.25 Td (exceeded ) Tj ET Q q 0 0 0 rg BT 273.33 98.25 Td (its ) Tj ET Q q 0 0 0 rg BT 285.91 98.25 Td (requirement ) Tj ET Q q 0 0 0 rg BT 337.35 98.25 Td (by ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 350.48 98.25 Td ($1.1 ) Tj ET Q q 0 0 0 rg BT 371.12 98.25 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.01 98.25 Td (. ) Tj ET Q q 0 0 0 rg BT 405.64 98.25 Td (G&Co) Tj ET Q q 0 0 0 rg BT 435.09 98.25 Td (s ) Tj ET Q q 0 0 0 rg BT 442.11 98.25 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 484.10 98.25 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 538.89 98.25 Td (to ) Tj ET Q q 0 0 0 rg BT 549.80 98.25 Td (net ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 86.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 79.67 86.25 Td (ratio ) Tj ET Q q 0 0 0 rg BT 101.02 86.25 Td (was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 119.59 86.25 Td (2.72) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.09 86.25 Td ( ) Tj ET Q q 0 0 0 rg BT 140.12 86.25 Td (to ) Tj ET Q q 0 0 0 rg BT 150.92 86.25 Td (1 ) Tj ET Q q 0 0 0 rg BT 158.94 86.25 Td (at ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 169.18 86.25 Td (September30, ) Tj ET Q q 0 0 0 rg BT 229.97 86.25 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 249.97 86.25 Td (. ) Tj ET Q q 0 0 0 rg BT 255.49 86.25 Td ( ) Tj ET Q q 0 0 0 rg BT 258.51 86.25 Td (Certain ) Tj ET Q q 0 0 0 rg BT 290.97 86.25 Td (distributions ) Tj ET Q q 0 0 0 rg BT 343.99 86.25 Td (and ) Tj ET Q q 0 0 0 rg BT 361.46 86.25 Td (other ) Tj ET Q q 0 0 0 rg BT 385.02 86.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 414.70 86.25 Td (withdrawals ) Tj ET Q q 0 0 0 rg BT 466.60 86.25 Td (of ) Tj ET Q q 0 0 0 rg BT 477.95 86.25 Td (G&Co ) Tj ET Q q 0 0 0 rg BT 507.64 86.25 Td (are ) Tj ET Q q 0 0 0 rg BT 522.87 86.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 554.22 86.25 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 74.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 79.70 74.25 Td (notifications ) Tj ET Q q 0 0 0 rg BT 132.19 74.25 Td (and ) Tj ET Q q 0 0 0 rg BT 149.13 74.25 Td (restrictive ) Tj ET Q q 0 0 0 rg BT 191.61 74.25 Td (provisions ) Tj ET Q q 0 0 0 rg BT 235.78 74.25 Td (of ) Tj ET Q q 0 0 0 rg BT 246.61 74.25 Td (the ) Tj ET Q q 0 0 0 rg BT 261.33 74.25 Td (Rule.) Tj ET Q endstream endobj 37 0 obj <> endobj 38 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (18) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 742.10 Td (GCI ) Tj ET Q q 0 0 0 rg BT 93.75 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 110.73 742.10 Td (GCE ) Tj ET Q q 0 0 0 rg BT 133.26 742.10 Td (are ) Tj ET Q q 0 0 0 rg BT 148.00 742.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 178.86 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 189.17 742.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 218.35 742.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 273.09 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 283.95 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 298.70 742.10 Td (FCA. ) Tj ET Q q 0 0 0 rg BT 323.19 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 325.72 742.10 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 365.46 742.10 Td (Australia ) Tj ET Q q 0 0 0 rg BT 404.65 742.10 Td (is ) Tj ET Q q 0 0 0 rg BT 413.85 742.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 444.71 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 455.02 742.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 484.20 742.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 538.94 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.80 742.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (ASIC. ) Tj ET Q q 0 0 0 rg BT 77.26 730.10 Td (W) Tj ET Q q 0 0 0 rg BT 85.90 730.10 Td (e ) Tj ET Q q 0 0 0 rg BT 92.47 730.10 Td (are ) Tj ET Q q 0 0 0 rg BT 106.81 730.10 Td (also ) Tj ET Q q 0 0 0 rg BT 125.05 730.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 155.50 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 165.41 730.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 194.75 730.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 223.53 730.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 266.75 730.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 321.09 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 331.00 730.10 Td (other ) Tj ET Q q 0 0 0 rg BT 353.67 730.10 Td (jurisdictions. ) Tj ET Q q 0 0 0 rg BT 407.75 730.10 Td ( ) Tj ET Q q 0 0 0 rg BT 409.41 730.10 Td (As ) Tj ET Q q 0 0 0 rg BT 422.65 730.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 433.12 730.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 493.01 730.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 513.01 730.10 Td (, ) Tj ET Q q 0 0 0 rg BT 517.64 730.10 Td (GCI, ) Tj ET Q q 0 0 0 rg BT 539.50 730.10 Td (GCE, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 89.71 718.10 Td (Australia, ) Tj ET Q q 0 0 0 rg BT 131.37 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 148.31 718.10 Td (our ) Tj ET Q q 0 0 0 rg BT 164.14 718.10 Td (other ) Tj ET Q q 0 0 0 rg BT 187.18 718.10 Td (regulated ) Tj ET Q q 0 0 0 rg BT 226.88 718.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 271.04 718.10 Td (were ) Tj ET Q q 0 0 0 rg BT 292.97 718.10 Td (in ) Tj ET Q q 0 0 0 rg BT 303.25 718.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 351.84 718.10 Td (with ) Tj ET Q q 0 0 0 rg BT 372.11 718.10 Td (local ) Tj ET Q q 0 0 0 rg BT 394.05 718.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 423.20 718.10 Td (adequacy ) Tj ET Q q 0 0 0 rg BT 463.45 718.10 Td (requirements.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 695.25 Td (Note 10 - Business Information) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 678.75 Td (The ) Tj ET Q q 0 0 0 rg BT 92.74 678.75 Td (Company's ) Tj ET Q q 0 0 0 rg BT 140.50 678.75 Td (activities ) Tj ET Q q 0 0 0 rg BT 179.79 678.75 Td (as ) Tj ET Q q 0 0 0 rg BT 191.31 678.75 Td (an ) Tj ET Q q 0 0 0 rg BT 203.94 678.75 Td (investment ) Tj ET Q q 0 0 0 rg BT 251.01 678.75 Td (banking ) Tj ET Q q 0 0 0 rg BT 286.41 678.75 Td (firm ) Tj ET Q q 0 0 0 rg BT 306.82 678.75 Td (constitute ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 348.89 678.75 Td (one) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 363.33 678.75 Td ( ) Tj ET Q q 0 0 0 rg BT 366.51 678.75 Td (business ) Tj ET Q q 0 0 0 rg BT 403.59 678.75 Td (segment, ) Tj ET Q q 0 0 0 rg BT 442.61 678.75 Td (with ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 463.58 678.75 Td (two) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 478.58 678.75 Td ( ) Tj ET Q q 0 0 0 rg BT 481.76 678.75 Td (principal ) Tj ET Q q 0 0 0 rg BT 520.49 678.75 Td (sources ) Tj ET Q q 0 0 0 rg BT 553.67 678.75 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 666.75 Td (revenue: ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 79.00 650.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 98.00 650.25 Td ( ) Tj ET Q q 0 0 0 rg BT 99.50 650.25 Td (Advisory) Tj ET Q q 0 0 0 rg BT 136.07 650.25 Td (, ) Tj ET Q q 0 0 0 rg BT 140.40 650.25 Td (which ) Tj ET Q q 0 0 0 rg BT 166.66 650.25 Td (includes ) Tj ET Q q 0 0 0 rg BT 201.81 650.25 Td (engagements ) Tj ET Q q 0 0 0 rg BT 255.84 650.25 Td (relating ) Tj ET Q q 0 0 0 rg BT 288.21 650.25 Td (to ) Tj ET Q q 0 0 0 rg BT 297.82 650.25 Td (mer) Tj ET Q q 0 0 0 rg BT 313.18 650.25 Td (gers ) Tj ET Q q 0 0 0 rg BT 331.67 650.25 Td (and ) Tj ET Q q 0 0 0 rg BT 347.93 650.25 Td (acquisitions, ) Tj ET Q q 0 0 0 rg BT 400.03 650.25 Td (financing ) Tj ET Q q 0 0 0 rg BT 439.62 650.25 Td (advisory ) Tj ET Q q 0 0 0 rg BT 475.89 650.25 Td (and ) Tj ET Q q 0 0 0 rg BT 492.15 650.25 Td (restructuring, ) Tj ET Q q 0 0 0 rg BT 547.57 650.25 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 98.00 638.25 Td (private ) Tj ET Q q 0 0 0 rg BT 128.26 638.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 155.76 638.25 Td (and ) Tj ET Q q 0 0 0 rg BT 172.70 638.25 Td (real ) Tj ET Q q 0 0 0 rg BT 190.18 638.25 Td (estate ) Tj ET Q q 0 0 0 rg BT 215.45 638.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 244.60 638.25 Td (advisory ) Tj ET Q q 0 0 0 rg BT 281.54 638.25 Td (services; ) Tj ET Q q 0 0 0 rg BT 319.02 638.25 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 79.00 621.75 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 98.00 621.75 Td (Investment, ) Tj ET Q q 0 0 0 rg BT 148.96 621.75 Td (which ) Tj ET Q q 0 0 0 rg BT 177.42 621.75 Td (includes ) Tj ET Q q 0 0 0 rg BT 214.76 621.75 Td (the ) Tj ET Q q 0 0 0 rg BT 231.00 621.75 Td (Company's ) Tj ET Q q 0 0 0 rg BT 279.61 621.75 Td (principal ) Tj ET Q q 0 0 0 rg BT 319.17 621.75 Td (investments ) Tj ET Q q 0 0 0 rg BT 370.97 621.75 Td (in ) Tj ET Q q 0 0 0 rg BT 382.77 621.75 Td (merchant ) Tj ET Q q 0 0 0 rg BT 423.99 621.75 Td (banking ) Tj ET Q q 0 0 0 rg BT 460.23 621.75 Td (funds, ) Tj ET Q q 0 0 0 rg BT 488.98 621.75 Td (Iridium ) Tj ET Q q 0 0 0 rg BT 522.99 621.75 Td (and ) Tj ET Q q 0 0 0 rg BT 541.45 621.75 Td (other ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 98.00 609.75 Td (investments ) Tj ET Q q 0 0 0 rg BT 148.27 609.75 Td (and ) Tj ET Q q 0 0 0 rg BT 165.21 609.75 Td (interest. ) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 199.65 609.75 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 588.75 Td (The ) Tj ET Q q 0 0 0 rg BT 92.04 588.75 Td (following ) Tj ET Q q 0 0 0 rg BT 133.41 588.75 Td (provides ) Tj ET Q q 0 0 0 rg BT 170.34 588.75 Td (a ) Tj ET Q q 0 0 0 rg BT 177.27 588.75 Td (breakdown ) Tj ET Q q 0 0 0 rg BT 224.19 588.75 Td (of ) Tj ET Q q 0 0 0 rg BT 235.01 588.75 Td (our ) Tj ET Q q 0 0 0 rg BT 250.83 588.75 Td (revenues ) Tj ET Q q 0 0 0 rg BT 288.86 588.75 Td (by ) Tj ET Q q 0 0 0 rg BT 301.35 588.75 Td (source ) Tj ET Q q 0 0 0 rg BT 329.94 588.75 Td (for ) Tj ET Q q 0 0 0 rg BT 344.09 588.75 Td (the ) Tj ET Q q 0 0 0 rg BT 358.79 588.75 Td (three ) Tj ET Q q 0 0 0 rg BT 381.27 588.75 Td (and ) Tj ET Q q 0 0 0 rg BT 398.20 588.75 Td (nine ) Tj ET Q q 0 0 0 rg BT 417.91 588.75 Td (month ) Tj ET Q q 0 0 0 rg BT 445.95 588.75 Td (periods ) Tj ET Q q 0 0 0 rg BT 477.88 588.75 Td (ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 504.25 588.75 Td (September30, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 576.75 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.00 576.75 Td ( ) Tj ET Q q 0 0 0 rg BT 72.50 576.75 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 89.44 576.75 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 109.44 576.75 Td (, ) Tj ET Q q 0 0 0 rg BT 114.44 576.75 Td (respectively: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 502.25 278.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.50 502.25 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 502.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 502.25 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 502.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 502.25 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 502.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.50 502.25 48.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 474.25 278.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.50 474.25 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 474.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 474.25 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 474.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 474.25 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 474.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.50 474.25 48.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328.5 530.25 m 389.5 530.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 530.25 m 393.5 530.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 530.25 m 454.5 530.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 530.25 m 510.5 530.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 530.25 m 514.5 530.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514.5 530.25 m 562.5 530.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328.5 515.25 m 389.5 515.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 515.25 m 393.5 515.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 515.25 m 454.5 515.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 515.25 m 510.5 515.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 515.25 m 514.5 515.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514.5 515.25 m 562.5 515.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328.5 474.25 m 389.5 474.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 474.25 m 454.5 474.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 474.25 m 510.5 474.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514.5 474.25 m 562.5 474.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 474.25 m 510.5 474.25 l s BT /F2 4.00 Tf ET q 0 0 0 rg BT 53.00 547.63 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 395.20 548.48 Td (For) Tj ET Q q 0 0 0 rg BT 407.49 548.48 Td ( the ) Tj ET Q q 0 0 0 rg BT 422.01 548.48 Td (Thr) Tj ET Q q 0 0 0 rg BT 435.20 548.48 Td (ee Months Ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 494.77 548.48 Td ( ) Tj ET Q BT /F2 4.00 Tf ET q 0 0 0 rg BT 53.00 533.63 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 357.60 534.48 Td (September 30, 2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 476.60 534.48 Td (September 30, 2012) Tj ET Q BT /F2 4.00 Tf ET q 0 0 0 rg BT 53.00 518.63 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 344.45 519.48 Td (Amount) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 372.45 519.48 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 403.45 519.48 Td (% of Total) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 469.95 519.48 Td (Amount) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 497.95 519.48 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 517.95 519.48 Td (% of ) Tj ET Q q 0 0 0 rg BT 536.47 519.48 Td (T) Tj ET Q q 0 0 0 rg BT 541.07 519.48 Td (otal) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 553.96 519.48 Td () Tj ET Q BT /F2 4.00 Tf ET q 0 0 0 rg BT 53.00 505.63 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 405.05 506.48 Td (\(in millions, unaudited\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 492.82 Td (Advisory revenues) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 363.50 492.82 Td ($47.0) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 427.30 492.82 Td (105) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 445.65 492.82 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 484.50 492.82 Td ($72.7) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.30 492.82 Td (116) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 492.82 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 478.82 Td (Investment revenues) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 369.80 478.87 Td (\(2.4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 385.65 478.82 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 433.95 478.82 Td (\(5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 442.30 478.82 Td (\)%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 485.80 478.87 Td (\(10.0) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 506.65 478.82 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.95 478.82 Td (\(16) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 550.30 478.82 Td (\)%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 464.82 Td (Total revenues) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 363.50 464.82 Td ($44.6) Tj ET Q BT /F2 4.00 Tf ET q 0 0 0 rg BT 392.00 463.63 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 427.30 464.82 Td (100) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 445.65 464.82 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 484.50 464.82 Td ($62.7) Tj ET Q BT /F2 4.00 Tf ET q 0 0 0 rg BT 513.00 463.63 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.30 464.82 Td (100) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 464.82 Td (%) Tj ET Q BT /F2 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 395.25 278.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 395.25 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 395.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 395.25 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.50 395.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.50 395.25 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 395.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 395.25 48.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 367.25 278.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 367.25 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 367.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 367.25 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.50 367.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.50 367.25 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 367.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 367.25 48.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 423.25 m 388.5 423.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 423.25 m 392.5 423.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 423.25 m 453.5 423.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 423.25 m 509.5 423.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 423.25 m 513.5 423.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 423.25 m 561.5 423.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 408.25 m 388.5 408.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 408.25 m 392.5 408.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 408.25 m 453.5 408.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 408.25 m 509.5 408.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 408.25 m 513.5 408.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 408.25 m 561.5 408.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 367.25 m 388.5 367.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 367.25 m 453.5 367.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 367.25 m 509.5 367.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 367.25 m 561.5 367.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 367.25 m 509.5 367.25 l s BT /F2 4.00 Tf ET q 0 0 0 rg BT 52.00 440.63 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 396.25 441.48 Td (For) Tj ET Q q 0 0 0 rg BT 408.54 441.48 Td ( the Nine Months Ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 491.67 441.48 Td () Tj ET Q BT /F2 4.00 Tf ET q 0 0 0 rg BT 52.00 426.63 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 356.60 427.48 Td (September 30, 2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 475.60 427.48 Td (September 30, 2012) Tj ET Q BT /F2 4.00 Tf ET q 0 0 0 rg BT 52.00 411.63 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 343.45 412.48 Td (Amount) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 371.45 412.48 Td ( ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 402.45 412.48 Td (% of ) Tj ET Q q 0 0 0 rg BT 420.97 412.48 Td (T) Tj ET Q q 0 0 0 rg BT 425.57 412.48 Td (otal) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 438.46 412.48 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 468.95 412.48 Td (Amount) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 496.95 412.48 Td ( ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 516.95 412.48 Td (% of ) Tj ET Q q 0 0 0 rg BT 535.47 412.48 Td (T) Tj ET Q q 0 0 0 rg BT 540.07 412.48 Td (otal) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 552.96 412.48 Td () Tj ET Q BT /F2 4.00 Tf ET q 0 0 0 rg BT 52.00 398.63 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 404.05 399.48 Td (\(in millions, unaudited\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 385.82 Td (Advisory revenues) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 357.50 385.82 Td ($211.5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 426.30 385.82 Td (100) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 444.65 385.82 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 478.50 385.82 Td ($191.2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 542.65 385.82 Td (99) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 552.65 385.82 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 371.82 Td (Investment revenues) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 368.80 371.87 Td (\(0.7) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 384.65 371.82 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 431.30 371.82 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 444.65 371.82 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 493.15 371.82 Td (1.6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 547.65 371.82 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 552.65 371.82 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 357.82 Td (Total revenues) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 357.50 357.82 Td ($210.8) Tj ET Q BT /F2 4.00 Tf ET q 0 0 0 rg BT 391.00 356.63 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 426.30 357.82 Td (100) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 444.65 357.82 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 478.50 357.82 Td ($192.8) Tj ET Q BT /F2 4.00 Tf ET q 0 0 0 rg BT 512.00 356.63 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 537.65 357.82 Td (100) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 552.65 357.82 Td (%) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 332.75 Td (In ) Tj ET Q q 0 0 0 rg BT 86.11 332.75 Td (reporting ) Tj ET Q q 0 0 0 rg BT 126.55 332.75 Td (to ) Tj ET Q q 0 0 0 rg BT 138.11 332.75 Td (management, ) Tj ET Q q 0 0 0 rg BT 195.48 332.75 Td (the ) Tj ET Q q 0 0 0 rg BT 211.48 332.75 Td (Company ) Tj ET Q q 0 0 0 rg BT 254.14 332.75 Td (distinguishes ) Tj ET Q q 0 0 0 rg BT 310.15 332.75 Td (the ) Tj ET Q q 0 0 0 rg BT 326.15 332.75 Td (sources ) Tj ET Q q 0 0 0 rg BT 359.92 332.75 Td (of ) Tj ET Q q 0 0 0 rg BT 372.03 332.75 Td (its ) Tj ET Q q 0 0 0 rg BT 385.26 332.75 Td (revenues ) Tj ET Q q 0 0 0 rg BT 424.58 332.75 Td (between ) Tj ET Q q 0 0 0 rg BT 461.68 332.75 Td (advisory ) Tj ET Q q 0 0 0 rg BT 499.90 332.75 Td (and ) Tj ET Q q 0 0 0 rg BT 518.12 332.75 Td (investment ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 320.75 Td (revenues. ) Tj ET Q q 0 0 0 rg BT 90.98 320.75 Td ( ) Tj ET Q q 0 0 0 rg BT 93.93 320.75 Td (However) Tj ET Q q 0 0 0 rg BT 130.18 320.75 Td (, ) Tj ET Q q 0 0 0 rg BT 135.63 320.75 Td (management ) Tj ET Q q 0 0 0 rg BT 189.66 320.75 Td (does ) Tj ET Q q 0 0 0 rg BT 210.94 320.75 Td (not ) Tj ET Q q 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Td (expectations ) Tj ET Q q 0 0 0 rg BT 378.68 554.75 Td (and ) Tj ET Q q 0 0 0 rg BT 396.02 554.75 Td (pr) Tj ET Q q 0 0 0 rg BT 404.54 554.75 Td (ojections ) Tj ET Q q 0 0 0 rg BT 442.97 554.75 Td (about ) Tj ET Q q 0 0 0 rg BT 468.09 554.75 Td (futur) Tj ET Q q 0 0 0 rg BT 487.16 554.75 Td (e ) Tj ET Q q 0 0 0 rg BT 493.94 554.75 Td (events. ) Tj ET Q q 0 0 0 rg BT 523.75 554.75 Td (Ther) Tj ET Q q 0 0 0 rg BT 542.28 554.75 Td (e ) Tj ET Q q 0 0 0 rg BT 549.05 554.75 Td (ar) Tj ET Q q 0 0 0 rg BT 557.57 554.75 Td (e ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 542.75 Td (important ) Tj ET Q q 0 0 0 rg BT 91.86 542.75 Td (factors ) Tj ET Q q 0 0 0 rg BT 122.05 542.75 Td (that ) Tj ET Q q 0 0 0 rg BT 140.02 542.75 Td (could ) Tj ET Q q 0 0 0 rg BT 164.64 542.75 Td (cause ) Tj ET Q q 0 0 0 rg BT 189.82 542.75 Td (our ) Tj ET Q q 0 0 0 rg BT 206.13 542.75 Td (actual ) Tj ET Q q 0 0 0 rg BT 233.53 542.75 Td (r) Tj ET Q q 0 0 0 rg BT 237.05 542.75 Td (esults, ) Tj ET Q q 0 0 0 rg BT 264.74 542.75 Td (level ) Tj ET Q q 0 0 0 rg BT 286.03 542.75 Td (of ) Tj ET Q q 0 0 0 rg BT 296.22 542.75 Td (activity) Tj ET Q q 0 0 0 rg BT 325.09 542.75 Td (, ) Tj ET Q q 0 0 0 rg BT 330.00 542.75 Td (performance ) Tj ET Q q 0 0 0 rg BT 383.51 542.75 Td (or ) Tj ET Q q 0 0 0 rg BT 394.82 542.75 Td (achievements ) Tj ET Q q 0 0 0 rg BT 451.09 542.75 Td (to ) Tj ET Q q 0 0 0 rg BT 461.28 542.75 Td (differ ) Tj ET Q q 0 0 0 rg BT 485.36 542.75 Td (materially ) Tj ET Q q 0 0 0 rg BT 528.87 542.75 Td (fr) Tj ET Q q 0 0 0 rg BT 535.17 542.75 Td (om ) Tj ET Q q 0 0 0 rg BT 549.80 542.75 Td (the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 530.75 Td (r) Tj ET Q q 0 0 0 rg BT 53.52 530.75 Td (esults, ) Tj ET Q q 0 0 0 rg BT 81.12 530.75 Td (level ) Tj ET Q q 0 0 0 rg BT 102.31 530.75 Td (of ) Tj ET Q q 0 0 0 rg BT 112.41 530.75 Td (activity) Tj ET Q q 0 0 0 rg BT 141.28 530.75 Td (, ) Tj ET Q q 0 0 0 rg BT 146.10 530.75 Td (performance ) Tj ET Q q 0 0 0 rg BT 199.52 530.75 Td (or ) Tj ET Q q 0 0 0 rg BT 210.73 530.75 Td (achievements ) Tj ET Q q 0 0 0 rg BT 266.91 530.75 Td (expr) Tj ET Q q 0 0 0 rg BT 284.31 530.75 Td (essed ) Tj ET Q q 0 0 0 rg BT 308.29 530.75 Td (or ) Tj ET Q q 0 0 0 rg BT 319.50 530.75 Td (implied ) Tj ET Q q 0 0 0 rg BT 351.82 530.75 Td (by ) Tj ET Q q 0 0 0 rg BT 363.57 530.75 Td (the ) Tj ET Q q 0 0 0 rg BT 378.11 530.75 Td (forwar) Tj ET Q q 0 0 0 rg BT 404.97 530.75 Td (d-looking ) Tj ET Q q 0 0 0 rg BT 445.62 530.75 Td (statements. ) Tj ET Q q 0 0 0 rg BT 492.65 530.75 Td (In ) Tj ET Q q 0 0 0 rg BT 503.30 530.75 Td (particular) Tj ET Q q 0 0 0 rg BT 542.75 530.75 Td (, ) Tj ET Q q 0 0 0 rg BT 547.57 530.75 Td (you ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 518.75 Td (should ) Tj ET Q q 0 0 0 rg BT 79.17 518.75 Td (consider ) Tj ET Q q 0 0 0 rg BT 116.11 518.75 Td (the ) Tj ET Q q 0 0 0 rg BT 130.83 518.75 Td (numer) Tj ET Q q 0 0 0 rg BT 156.01 518.75 Td (ous ) Tj ET Q q 0 0 0 rg BT 172.40 518.75 Td (risks ) Tj ET Q q 0 0 0 rg BT 193.79 518.75 Td (outlined ) Tj ET Q q 0 0 0 rg BT 229.06 518.75 Td (under ) Tj ET Q q 0 0 0 rg BT 254.89 518.75 Td (Risk ) Tj ET Q q 0 0 0 rg BT 280.17 518.75 Td (Factors ) Tj ET Q q 0 0 0 rg BT 319.34 518.75 Td (in ) Tj ET Q q 0 0 0 rg BT 329.62 518.75 Td (our ) Tj ET Q q 0 0 0 rg BT 346.01 518.75 Td (2012 ) Tj ET Q q 0 0 0 rg BT 368.33 518.75 Td (Annual ) Tj ET Q q 0 0 0 rg BT 399.72 518.75 Td (Report ) Tj ET Q q 0 0 0 rg BT 429.43 518.75 Td (on ) Tj ET Q q 0 0 0 rg BT 441.93 518.75 Td (Form ) Tj ET Q q 0 0 0 rg BT 466.66 518.75 Td (10-K. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 74.00 497.75 Td (Although ) Tj ET Q q 0 0 0 rg BT 112.39 497.75 Td (we ) Tj ET Q q 0 0 0 rg BT 125.21 497.75 Td (believe ) Tj ET Q q 0 0 0 rg BT 155.24 497.75 Td (the ) Tj ET Q q 0 0 0 rg BT 169.18 497.75 Td (expectations ) Tj ET Q q 0 0 0 rg BT 220.88 497.75 Td (r) Tj ET Q q 0 0 0 rg BT 224.40 497.75 Td (eflected ) Tj ET Q q 0 0 0 rg BT 257.21 497.75 Td (in ) Tj ET Q q 0 0 0 rg BT 266.71 497.75 Td (the ) Tj ET Q q 0 0 0 rg BT 280.65 497.75 Td (forwar) Tj ET Q q 0 0 0 rg BT 307.51 497.75 Td (d-looking ) Tj ET Q q 0 0 0 rg BT 347.55 497.75 Td (statements ) Tj ET Q q 0 0 0 rg BT 391.49 497.75 Td (ar) Tj ET Q q 0 0 0 rg BT 400.01 497.75 Td (e ) Tj ET Q q 0 0 0 rg BT 406.17 497.75 Td (r) Tj ET Q q 0 0 0 rg BT 409.69 497.75 Td (easonable, ) Tj ET Q q 0 0 0 rg BT 454.46 497.75 Td (we ) Tj ET Q q 0 0 0 rg BT 467.29 497.75 Td (cannot ) Tj ET Q q 0 0 0 rg BT 496.22 497.75 Td (guarantee ) Tj ET Q q 0 0 0 rg BT 538.49 497.75 Td (futur) Tj ET Q q 0 0 0 rg BT 557.57 497.75 Td (e ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 485.75 Td (r) Tj ET Q q 0 0 0 rg BT 53.52 485.75 Td (esults, ) Tj ET Q q 0 0 0 rg BT 81.21 485.75 Td (level ) Tj ET Q q 0 0 0 rg BT 102.49 485.75 Td (of ) Tj ET Q q 0 0 0 rg BT 112.68 485.75 Td (activity) Tj ET Q q 0 0 0 rg BT 141.56 485.75 Td (, ) Tj ET Q q 0 0 0 rg BT 146.47 485.75 Td (performance ) Tj ET Q q 0 0 0 rg BT 199.98 485.75 Td (or ) Tj ET Q q 0 0 0 rg BT 211.28 485.75 Td (achievements. ) Tj ET Q q 0 0 0 rg BT 270.06 485.75 Td (Mor) Tj ET Q q 0 0 0 rg BT 286.91 485.75 Td (eover) Tj ET Q q 0 0 0 rg BT 308.01 485.75 Td (, ) Tj ET Q q 0 0 0 rg BT 312.92 485.75 Td (neither ) Tj ET Q q 0 0 0 rg BT 343.65 485.75 Td (we ) Tj ET Q q 0 0 0 rg BT 357.17 485.75 Td (nor ) Tj ET Q q 0 0 0 rg BT 373.48 485.75 Td (any ) Tj ET Q q 0 0 0 rg BT 390.33 485.75 Td (other ) Tj ET Q q 0 0 0 rg BT 413.84 485.75 Td (person ) Tj ET Q q 0 0 0 rg BT 443.48 485.75 Td (assumes ) Tj ET Q q 0 0 0 rg BT 479.22 485.75 Td (r) Tj ET Q q 0 0 0 rg BT 482.74 485.75 Td (esponsibility ) Tj ET Q q 0 0 0 rg BT 535.71 485.75 Td (for ) Tj ET Q q 0 0 0 rg BT 549.79 485.75 Td (the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 473.75 Td (accuracy ) Tj ET Q q 0 0 0 rg BT 89.59 473.75 Td (or ) Tj ET Q q 0 0 0 rg BT 101.43 473.75 Td (completeness ) Tj ET Q q 0 0 0 rg BT 157.69 473.75 Td (of ) Tj ET Q q 0 0 0 rg BT 168.42 473.75 Td (any ) Tj ET Q q 0 0 0 rg BT 185.80 473.75 Td (of ) Tj ET Q q 0 0 0 rg BT 196.53 473.75 Td (these ) Tj ET Q q 0 0 0 rg BT 220.02 473.75 Td (forwar) Tj ET Q q 0 0 0 rg BT 246.88 473.75 Td (d-looking ) Tj ET Q q 0 0 0 rg BT 288.15 473.75 Td (statements. ) Tj ET Q q 0 0 0 rg BT 335.82 473.75 Td (Y) Tj ET Q q 0 0 0 rg BT 340.46 473.75 Td (ou ) Tj ET Q q 0 0 0 rg BT 353.41 473.75 Td (should ) Tj ET Q q 0 0 0 rg BT 383.02 473.75 Td (not ) Tj ET Q q 0 0 0 rg BT 398.75 473.75 Td (r) Tj ET Q q 0 0 0 rg BT 402.27 473.75 Td (ely ) Tj ET Q q 0 0 0 rg BT 416.87 473.75 Td (upon ) Tj ET Q q 0 0 0 rg BT 439.82 473.75 Td (forwar) Tj ET Q q 0 0 0 rg BT 466.68 473.75 Td (d-looking ) Tj ET Q q 0 0 0 rg BT 507.95 473.75 Td (statements ) Tj ET Q q 0 0 0 rg BT 553.12 473.75 Td (as ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 461.75 Td (pr) Tj ET Q q 0 0 0 rg BT 58.52 461.75 Td (edictions ) Tj ET Q q 0 0 0 rg BT 97.59 461.75 Td (of ) Tj ET Q q 0 0 0 rg BT 108.33 461.75 Td (futur) Tj ET Q q 0 0 0 rg BT 127.40 461.75 Td (e ) Tj ET Q q 0 0 0 rg BT 134.80 461.75 Td (events. ) Tj ET Q q 0 0 0 rg BT 165.25 461.75 Td (W) Tj ET Q q 0 0 0 rg BT 172.66 461.75 Td (e ) Tj ET Q q 0 0 0 rg BT 180.06 461.75 Td (ar) Tj ET Q q 0 0 0 rg BT 188.58 461.75 Td (e ) Tj ET Q q 0 0 0 rg BT 195.98 461.75 Td (under ) Tj ET Q q 0 0 0 rg BT 222.27 461.75 Td (no ) Tj ET Q q 0 0 0 rg BT 235.23 461.75 Td (duty ) Tj ET Q q 0 0 0 rg BT 255.41 461.75 Td (to ) Tj ET Q q 0 0 0 rg BT 266.15 461.75 Td (and ) Tj ET Q q 0 0 0 rg BT 284.11 461.75 Td (we ) Tj ET Q q 0 0 0 rg BT 298.18 461.75 Td (do ) Tj ET Q q 0 0 0 rg BT 311.15 461.75 Td (not ) Tj ET Q q 0 0 0 rg BT 326.88 461.75 Td (undertake ) Tj ET Q q 0 0 0 rg BT 369.83 461.75 Td (any ) Tj ET Q q 0 0 0 rg BT 387.23 461.75 Td (obligation ) Tj ET Q q 0 0 0 rg BT 431.31 461.75 Td (to ) Tj ET Q q 0 0 0 rg BT 442.05 461.75 Td (update ) Tj ET Q q 0 0 0 rg BT 472.22 461.75 Td (or ) Tj ET Q q 0 0 0 rg BT 484.08 461.75 Td (r) Tj ET Q q 0 0 0 rg BT 487.60 461.75 Td (eview ) Tj ET Q q 0 0 0 rg BT 513.32 461.75 Td (any ) Tj ET Q q 0 0 0 rg BT 530.72 461.75 Td (of ) Tj ET Q q 0 0 0 rg BT 541.46 461.75 Td (these ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 449.75 Td (forwar) Tj ET Q q 0 0 0 rg BT 76.86 449.75 Td (d-looking ) Tj ET Q q 0 0 0 rg BT 117.89 449.75 Td (statements ) Tj ET Q q 0 0 0 rg BT 162.82 449.75 Td (after ) Tj ET Q q 0 0 0 rg BT 184.41 449.75 Td (the ) Tj ET Q q 0 0 0 rg BT 199.33 449.75 Td (date ) Tj ET Q q 0 0 0 rg BT 219.26 449.75 Td (of ) Tj ET Q q 0 0 0 rg BT 229.74 449.75 Td (this ) Tj ET Q q 0 0 0 rg BT 246.90 449.75 Td (filing ) Tj ET Q q 0 0 0 rg BT 270.71 449.75 Td (to ) Tj ET Q q 0 0 0 rg BT 281.20 449.75 Td (conform ) Tj ET Q q 0 0 0 rg BT 317.24 449.75 Td (our ) Tj ET Q q 0 0 0 rg BT 333.83 449.75 Td (prior ) Tj ET Q q 0 0 0 rg BT 357.10 449.75 Td (statements ) Tj ET Q q 0 0 0 rg BT 402.03 449.75 Td (to ) Tj ET Q q 0 0 0 rg BT 412.51 449.75 Td (actual ) Tj ET Q q 0 0 0 rg BT 440.21 449.75 Td (r) Tj ET Q q 0 0 0 rg BT 443.73 449.75 Td (esults ) Tj ET Q q 0 0 0 rg BT 469.22 449.75 Td (or ) Tj ET Q q 0 0 0 rg BT 480.82 449.75 Td (r) Tj ET Q q 0 0 0 rg BT 484.34 449.75 Td (evised ) Tj ET Q q 0 0 0 rg BT 512.03 449.75 Td (expectations ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 437.75 Td (whether ) Tj ET Q q 0 0 0 rg BT 84.72 437.75 Td (as ) Tj ET Q q 0 0 0 rg BT 96.11 437.75 Td (a ) Tj ET Q q 0 0 0 rg BT 103.61 437.75 Td (r) Tj ET Q q 0 0 0 rg BT 107.13 437.75 Td (esult ) Tj ET Q q 0 0 0 rg BT 128.52 437.75 Td (of ) Tj ET Q q 0 0 0 rg BT 138.79 437.75 Td (new ) Tj ET Q q 0 0 0 rg BT 157.40 437.75 Td (information, ) Tj ET Q q 0 0 0 rg BT 209.63 437.75 Td (futur) Tj ET Q q 0 0 0 rg BT 228.71 437.75 Td (e ) Tj ET Q q 0 0 0 rg BT 235.64 437.75 Td (developments ) Tj ET Q q 0 0 0 rg BT 292.57 437.75 Td (or ) Tj ET Q q 0 0 0 rg BT 303.96 437.75 Td (otherwise. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 415.25 Td (Overview) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 394.25 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 117.55 394.25 Td (is ) Tj ET Q q 0 0 0 rg BT 127.00 394.25 Td (a ) Tj ET Q q 0 0 0 rg BT 134.22 394.25 Td (leading ) Tj ET Q q 0 0 0 rg BT 166.43 394.25 Td (independent ) Tj ET Q q 0 0 0 rg BT 218.09 394.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 264.75 394.25 Td (bank ) Tj ET Q q 0 0 0 rg BT 286.97 394.25 Td (focused ) Tj ET Q q 0 0 0 rg BT 320.85 394.25 Td (on ) Tj ET Q q 0 0 0 rg BT 333.64 394.25 Td (providing ) Tj ET Q q 0 0 0 rg BT 375.31 394.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 413.07 394.25 Td (advice ) Tj ET Q q 0 0 0 rg BT 441.94 394.25 Td (related ) Tj ET Q q 0 0 0 rg BT 471.93 394.25 Td (to ) Tj ET Q q 0 0 0 rg BT 482.49 394.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 527.48 394.25 Td (mer) Tj ET Q q 0 0 0 rg BT 542.85 394.25 Td (gers, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 382.25 Td (acquisitions, ) Tj ET Q q 0 0 0 rg BT 104.69 382.25 Td (restructurings, ) Tj ET Q q 0 0 0 rg BT 166.58 382.25 Td (financings ) Tj ET Q q 0 0 0 rg BT 212.65 382.25 Td (and ) Tj ET Q q 0 0 0 rg BT 231.50 382.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 262.56 382.25 Td (raisings ) Tj ET Q q 0 0 0 rg BT 298.08 382.25 Td (to ) Tj ET Q q 0 0 0 rg BT 310.27 382.25 Td (corporations, ) Tj ET Q q 0 0 0 rg BT 367.17 382.25 Td (partnerships, ) Tj ET Q q 0 0 0 rg BT 422.96 382.25 Td (institutions ) Tj ET Q q 0 0 0 rg BT 471.83 382.25 Td (and ) Tj ET Q q 0 0 0 rg BT 490.68 382.25 Td (governments. ) Tj ET Q q 0 0 0 rg BT 548.93 382.25 Td (W) Tj ET Q q 0 0 0 rg BT 557.56 382.25 Td (e ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 370.25 Td (represent ) Tj ET Q q 0 0 0 rg BT 89.16 370.25 Td (clients ) Tj ET Q q 0 0 0 rg BT 117.77 370.25 Td (throughout ) Tj ET Q q 0 0 0 rg BT 164.17 370.25 Td (the ) Tj ET Q q 0 0 0 rg BT 178.90 370.25 Td (world ) Tj ET Q q 0 0 0 rg BT 204.74 370.25 Td (and ) Tj ET Q q 0 0 0 rg BT 221.69 370.25 Td (have ) Tj ET Q q 0 0 0 rg BT 243.08 370.25 Td (of) Tj ET Q q 0 0 0 rg BT 251.23 370.25 Td (fices ) Tj ET Q q 0 0 0 rg BT 272.62 370.25 Td (located ) Tj ET Q q 0 0 0 rg BT 304.01 370.25 Td (in ) Tj ET Q q 0 0 0 rg BT 314.30 370.25 Td (the ) Tj ET Q q 0 0 0 rg BT 329.03 370.25 Td (United ) Tj ET Q q 0 0 0 rg BT 358.75 370.25 Td (States, ) Tj ET Q q 0 0 0 rg BT 387.65 370.25 Td (United ) Tj ET Q q 0 0 0 rg BT 417.38 370.25 Td (Kingdom, ) Tj ET Q q 0 0 0 rg BT 460.17 370.25 Td (Germany) Tj ET Q q 0 0 0 rg BT 496.73 370.25 Td (, ) Tj ET Q q 0 0 0 rg BT 501.74 370.25 Td (Canada, ) Tj ET Q q 0 0 0 rg BT 536.74 370.25 Td (Japan, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 358.25 Td (Australia, ) Tj ET Q q 0 0 0 rg BT 91.66 358.25 Td (Sweden ) Tj ET Q q 0 0 0 rg BT 125.82 358.25 Td (and ) Tj ET Q q 0 0 0 rg BT 142.75 358.25 Td (Brazil.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 337.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 96.87 337.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 136.72 337.25 Td (are ) Tj ET Q q 0 0 0 rg BT 153.25 337.25 Td (principally ) Tj ET Q q 0 0 0 rg BT 200.89 337.25 Td (derived ) Tj ET Q q 0 0 0 rg BT 235.19 337.25 Td (from ) Tj ET Q q 0 0 0 rg BT 258.94 337.25 Td (advisory ) Tj ET Q q 0 0 0 rg BT 297.70 337.25 Td (services ) Tj ET Q q 0 0 0 rg BT 334.22 337.25 Td (on ) Tj ET Q q 0 0 0 rg BT 348.54 337.25 Td (mer) Tj ET Q q 0 0 0 rg BT 363.91 337.25 Td (gers ) Tj ET Q q 0 0 0 rg BT 384.89 337.25 Td (and ) Tj ET Q q 0 0 0 rg BT 403.64 337.25 Td (acquisitions, ) Tj ET Q q 0 0 0 rg BT 458.23 337.25 Td (or ) Tj ET Q q 0 0 0 rg BT 470.88 337.25 Td (M&A, ) Tj ET Q q 0 0 0 rg BT 501.59 337.25 Td (financings ) Tj ET Q q 0 0 0 rg BT 547.56 337.25 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 325.25 Td (restructurings ) Tj ET Q q 0 0 0 rg BT 107.60 325.25 Td (and ) Tj ET Q q 0 0 0 rg BT 124.66 325.25 Td (are ) Tj ET Q q 0 0 0 rg BT 139.48 325.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 179.31 325.25 Td (driven ) Tj ET Q q 0 0 0 rg BT 207.48 325.25 Td (by ) Tj ET Q q 0 0 0 rg BT 220.09 325.25 Td (total ) Tj ET Q q 0 0 0 rg BT 240.48 325.25 Td (deal ) Tj ET Q q 0 0 0 rg BT 259.76 325.25 Td (volume ) Tj ET Q q 0 0 0 rg BT 292.37 325.25 Td (and ) Tj ET Q q 0 0 0 rg BT 309.42 325.25 Td (size ) Tj ET Q q 0 0 0 rg BT 327.59 325.25 Td (of ) Tj ET Q q 0 0 0 rg BT 338.54 325.25 Td (individual ) Tj ET Q q 0 0 0 rg BT 381.70 325.25 Td (transactions. ) Tj ET Q q 0 0 0 rg BT 434.01 325.25 Td (Additionally) Tj ET Q q 0 0 0 rg BT 483.91 325.25 Td (, ) Tj ET Q q 0 0 0 rg BT 489.03 325.25 Td (our ) Tj ET Q q 0 0 0 rg BT 504.97 325.25 Td (private ) Tj ET Q q 0 0 0 rg BT 535.35 325.25 Td (capital ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 313.25 Td (and ) Tj ET Q q 0 0 0 rg BT 67.46 313.25 Td (real ) Tj ET Q q 0 0 0 rg BT 85.47 313.25 Td (estate ) Tj ET Q q 0 0 0 rg BT 111.25 313.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 140.92 313.25 Td (advisory ) Tj ET Q q 0 0 0 rg BT 178.38 313.25 Td (group ) Tj ET Q q 0 0 0 rg BT 204.74 313.25 Td (provides ) Tj ET Q q 0 0 0 rg BT 242.20 313.25 Td (fund ) Tj ET Q q 0 0 0 rg BT 263.55 313.25 Td (placement ) Tj ET Q q 0 0 0 rg BT 307.66 313.25 Td (and ) Tj ET Q q 0 0 0 rg BT 325.12 313.25 Td (other ) Tj ET Q q 0 0 0 rg BT 348.69 313.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 378.36 313.25 Td (raising ) Tj ET Q q 0 0 0 rg BT 408.60 313.25 Td (advisory ) Tj ET Q q 0 0 0 rg BT 446.06 313.25 Td (services, ) Tj ET Q q 0 0 0 rg BT 483.78 313.25 Td (where ) Tj ET Q q 0 0 0 rg BT 511.23 313.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 549.79 313.25 Td (are ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 301.25 Td (driven ) Tj ET Q q 0 0 0 rg BT 78.05 301.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 117.76 301.25 Td (by ) Tj ET Q q 0 0 0 rg BT 130.26 301.25 Td (the ) Tj ET Q q 0 0 0 rg BT 144.98 301.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 177.47 301.25 Td (of ) Tj ET Q q 0 0 0 rg BT 188.30 301.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 217.45 301.25 Td (raised.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 280.25 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 117.54 280.25 Td (was ) Tj ET Q q 0 0 0 rg BT 135.87 280.25 Td (established ) Tj ET Q q 0 0 0 rg BT 183.08 280.25 Td (in ) Tj ET Q q 0 0 0 rg BT 193.64 280.25 Td (1996 ) Tj ET Q q 0 0 0 rg BT 216.41 280.25 Td (by ) Tj ET Q q 0 0 0 rg BT 229.19 280.25 Td (Robert ) Tj ET Q q 0 0 0 rg BT 259.19 280.25 Td (F) Tj ET Q q 0 0 0 rg BT 263.95 280.25 Td (. ) Tj ET Q q 0 0 0 rg BT 269.22 280.25 Td (Greenhill, ) Tj ET Q q 0 0 0 rg BT 312.26 280.25 Td (the ) Tj ET Q q 0 0 0 rg BT 327.26 280.25 Td (former ) Tj ET Q q 0 0 0 rg BT 357.24 280.25 Td (President ) Tj ET Q q 0 0 0 rg BT 397.24 280.25 Td (of ) Tj ET Q q 0 0 0 rg BT 408.34 280.25 Td (Mor) Tj ET Q q 0 0 0 rg BT 425.39 280.25 Td (gan ) Tj ET Q q 0 0 0 rg BT 442.60 280.25 Td (Stanley ) Tj ET Q q 0 0 0 rg BT 475.37 280.25 Td (and ) Tj ET Q q 0 0 0 rg BT 492.59 280.25 Td (former ) Tj ET Q q 0 0 0 rg BT 522.57 280.25 Td (Chairman ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 268.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.57 268.25 Td (Chief ) Tj ET Q q 0 0 0 rg BT 90.92 268.25 Td (Executive ) Tj ET Q q 0 0 0 rg BT 133.03 268.25 Td (Of) Tj ET Q q 0 0 0 rg BT 143.40 268.25 Td (ficer ) Tj ET Q q 0 0 0 rg BT 163.84 268.25 Td (of ) Tj ET Q q 0 0 0 rg BT 174.30 268.25 Td (Smith ) Tj ET Q q 0 0 0 rg BT 200.33 268.25 Td (Barney) Tj ET Q q 0 0 0 rg BT 228.56 268.25 Td (. ) Tj ET Q q 0 0 0 rg BT 233.19 268.25 Td (Since ) Tj ET Q q 0 0 0 rg BT 257.54 268.25 Td (our ) Tj ET Q q 0 0 0 rg BT 273.00 268.25 Td (founding, ) Tj ET Q q 0 0 0 rg BT 313.74 268.25 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 353.63 268.25 Td (has ) Tj ET Q q 0 0 0 rg BT 369.09 268.25 Td (grown ) Tj ET Q q 0 0 0 rg BT 396.77 268.25 Td (steadily) Tj ET Q q 0 0 0 rg BT 427.23 268.25 Td (, ) Tj ET Q q 0 0 0 rg BT 431.86 268.25 Td (recruiting ) Tj ET Q q 0 0 0 rg BT 472.86 268.25 Td (a ) Tj ET Q q 0 0 0 rg BT 479.43 268.25 Td (number ) Tj ET Q q 0 0 0 rg BT 512.10 268.25 Td (of ) Tj ET Q q 0 0 0 rg BT 522.57 268.25 Td (managing ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 256.25 Td (directors ) Tj ET Q q 0 0 0 rg BT 86.65 256.25 Td (from ) Tj ET Q q 0 0 0 rg BT 107.75 256.25 Td (major ) Tj ET Q q 0 0 0 rg BT 132.73 256.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 178.28 256.25 Td (banks ) Tj ET Q q 0 0 0 rg BT 203.27 256.25 Td (\(as ) Tj ET Q q 0 0 0 rg BT 216.59 256.25 Td (well ) Tj ET Q q 0 0 0 rg BT 235.47 256.25 Td (as ) Tj ET Q q 0 0 0 rg BT 245.46 256.25 Td (senior ) Tj ET Q q 0 0 0 rg BT 271.56 256.25 Td (professionals ) Tj ET Q q 0 0 0 rg BT 325.99 256.25 Td (from ) Tj ET Q q 0 0 0 rg BT 347.09 256.25 Td (other ) Tj ET Q q 0 0 0 rg BT 369.30 256.25 Td (institutions\), ) Tj ET Q q 0 0 0 rg BT 421.24 256.25 Td (with ) Tj ET Q q 0 0 0 rg BT 440.68 256.25 Td (a ) Tj ET Q q 0 0 0 rg BT 446.78 256.25 Td (range ) Tj ET Q q 0 0 0 rg BT 470.65 256.25 Td (of ) Tj ET Q q 0 0 0 rg BT 480.65 256.25 Td (geographic, ) Tj ET Q q 0 0 0 rg BT 529.23 256.25 Td (industry ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 244.25 Td (and ) Tj ET Q q 0 0 0 rg BT 67.29 244.25 Td (transaction ) Tj ET Q q 0 0 0 rg BT 114.01 244.25 Td (specialties ) Tj ET Q q 0 0 0 rg BT 158.51 244.25 Td (as ) Tj ET Q q 0 0 0 rg BT 169.69 244.25 Td (well ) Tj ET Q q 0 0 0 rg BT 189.76 244.25 Td (as ) Tj ET Q q 0 0 0 rg BT 200.94 244.25 Td (dif) Tj ET Q q 0 0 0 rg BT 211.87 244.25 Td (ferent ) Tj ET Q q 0 0 0 rg BT 238.04 244.25 Td (sets ) Tj ET Q q 0 0 0 rg BT 255.89 244.25 Td (of ) Tj ET Q q 0 0 0 rg BT 267.07 244.25 Td (corporate ) Tj ET Q q 0 0 0 rg BT 307.67 244.25 Td (management ) Tj ET Q q 0 0 0 rg BT 361.61 244.25 Td (and ) Tj ET Q q 0 0 0 rg BT 378.90 244.25 Td (other ) Tj ET Q q 0 0 0 rg BT 402.30 244.25 Td (relationships. ) Tj ET Q q 0 0 0 rg BT 458.12 244.25 Td (As ) Tj ET Q q 0 0 0 rg BT 472.09 244.25 Td (part ) Tj ET Q q 0 0 0 rg BT 490.48 244.25 Td (of ) Tj ET Q q 0 0 0 rg BT 501.66 244.25 Td (this ) Tj ET Q q 0 0 0 rg BT 518.96 244.25 Td (expansion, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 232.25 Td (we ) Tj ET Q q 0 0 0 rg BT 64.05 232.25 Td (opened ) Tj ET Q q 0 0 0 rg BT 95.31 232.25 Td (a ) Tj ET Q q 0 0 0 rg BT 102.14 232.25 Td (London ) Tj ET Q q 0 0 0 rg BT 135.63 232.25 Td (of) Tj ET Q q 0 0 0 rg BT 143.78 232.25 Td (fice ) Tj ET Q q 0 0 0 rg BT 161.15 232.25 Td (in ) Tj ET Q q 0 0 0 rg BT 171.32 232.25 Td (1998, ) Tj ET Q q 0 0 0 rg BT 196.20 232.25 Td (opened ) Tj ET Q q 0 0 0 rg BT 227.47 232.25 Td (a ) Tj ET Q q 0 0 0 rg BT 234.29 232.25 Td (Frankfurt ) Tj ET Q q 0 0 0 rg BT 274.45 232.25 Td (of) Tj ET Q q 0 0 0 rg BT 282.60 232.25 Td (fice ) Tj ET Q q 0 0 0 rg BT 299.97 232.25 Td (in ) Tj ET Q q 0 0 0 rg BT 310.13 232.25 Td (2000 ) Tj ET Q q 0 0 0 rg BT 332.52 232.25 Td (and ) Tj ET Q q 0 0 0 rg BT 349.35 232.25 Td (began ) Tj ET Q q 0 0 0 rg BT 375.61 232.25 Td (of) Tj ET Q q 0 0 0 rg BT 383.76 232.25 Td (fering ) Tj ET Q q 0 0 0 rg BT 410.02 232.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 447.39 232.25 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 500.87 232.25 Td (advice ) Tj ET Q q 0 0 0 rg BT 529.35 232.25 Td (in ) Tj ET Q q 0 0 0 rg BT 539.52 232.25 Td (2001. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 220.25 Td (On ) Tj ET Q q 0 0 0 rg BT 64.84 220.25 Td (May1) Tj ET Q q 0 0 0 rg BT 90.30 220.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 100.42 220.25 Td (2004, ) Tj ET Q q 0 0 0 rg BT 125.53 220.25 Td (we ) Tj ET Q q 0 0 0 rg BT 139.81 220.25 Td (completed ) Tj ET Q q 0 0 0 rg BT 184.08 220.25 Td (an ) Tj ET Q q 0 0 0 rg BT 196.13 220.25 Td (initial ) Tj ET Q q 0 0 0 rg BT 222.08 220.25 Td (public ) Tj ET Q q 0 0 0 rg BT 249.69 220.25 Td (of) Tj ET Q q 0 0 0 rg BT 257.84 220.25 Td (fering ) Tj ET Q q 0 0 0 rg BT 284.34 220.25 Td (of ) Tj ET Q q 0 0 0 rg BT 295.28 220.25 Td (our ) Tj ET Q q 0 0 0 rg BT 311.23 220.25 Td (common ) Tj ET Q q 0 0 0 rg BT 348.84 220.25 Td (stock. ) Tj ET Q q 0 0 0 rg BT 374.88 220.25 Td (W) Tj ET Q q 0 0 0 rg BT 383.52 220.25 Td (e ) Tj ET Q q 0 0 0 rg BT 390.57 220.25 Td (opened ) Tj ET Q q 0 0 0 rg BT 422.07 220.25 Td (our ) Tj ET Q q 0 0 0 rg BT 438.01 220.25 Td (second ) Tj ET Q q 0 0 0 rg BT 468.40 220.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 488.80 220.25 Td (of) Tj ET Q q 0 0 0 rg BT 496.95 220.25 Td (fice ) Tj ET Q q 0 0 0 rg BT 514.55 220.25 Td (in ) Tj ET Q q 0 0 0 rg BT 524.95 220.25 Td (2005 ) Tj ET Q q 0 0 0 rg BT 547.56 220.25 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 208.25 Td (we ) Tj ET Q q 0 0 0 rg BT 63.95 208.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 102.34 208.25 Td (have ) Tj ET Q q 0 0 0 rg BT 123.51 208.25 Td (five ) Tj ET Q q 0 0 0 rg BT 141.35 208.25 Td (of) Tj ET Q q 0 0 0 rg BT 149.50 208.25 Td (fices ) Tj ET Q q 0 0 0 rg BT 170.67 208.25 Td (in ) Tj ET Q q 0 0 0 rg BT 180.75 208.25 Td (the ) Tj ET Q q 0 0 0 rg BT 195.26 208.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 215.17 208.25 Td (W) Tj ET Q q 0 0 0 rg BT 223.81 208.25 Td (e ) Tj ET Q q 0 0 0 rg BT 230.54 208.25 Td (opened ) Tj ET Q q 0 0 0 rg BT 261.71 208.25 Td (a ) Tj ET Q q 0 0 0 rg BT 268.44 208.25 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 308.50 208.25 Td (of) Tj ET Q q 0 0 0 rg BT 316.65 208.25 Td (fice ) Tj ET Q q 0 0 0 rg BT 333.93 208.25 Td (in ) Tj ET Q q 0 0 0 rg BT 344.00 208.25 Td (2006. ) Tj ET Q q 0 0 0 rg BT 368.79 208.25 Td (In ) Tj ET Q q 0 0 0 rg BT 379.42 208.25 Td (2008, ) Tj ET Q q 0 0 0 rg BT 404.21 208.25 Td (we ) Tj ET Q q 0 0 0 rg BT 418.17 208.25 Td (opened ) Tj ET Q q 0 0 0 rg BT 449.34 208.25 Td (an ) Tj ET Q q 0 0 0 rg BT 461.07 208.25 Td (of) Tj ET Q q 0 0 0 rg BT 469.22 208.25 Td (fice ) Tj ET Q q 0 0 0 rg BT 486.50 208.25 Td (in ) Tj ET Q q 0 0 0 rg BT 496.40 208.25 Td (T) Tj ET Q q 0 0 0 rg BT 501.81 208.25 Td (okyo. ) Tj ET Q q 0 0 0 rg BT 526.61 208.25 Td ( ) Tj ET Q q 0 0 0 rg BT 528.90 208.25 Td (In ) Tj ET Q q 0 0 0 rg BT 539.53 208.25 Td (2008, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 196.25 Td (we ) Tj ET Q q 0 0 0 rg BT 63.69 196.25 Td (also ) Tj ET Q q 0 0 0 rg BT 81.83 196.25 Td (entered ) Tj ET Q q 0 0 0 rg BT 113.28 196.25 Td (the ) Tj ET Q q 0 0 0 rg BT 127.53 196.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 156.21 196.25 Td (advisory ) Tj ET Q q 0 0 0 rg BT 192.68 196.25 Td (business, ) Tj ET Q q 0 0 0 rg BT 231.10 196.25 Td (which ) Tj ET Q q 0 0 0 rg BT 257.57 196.25 Td (provides ) Tj ET Q q 0 0 0 rg BT 294.04 196.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 322.72 196.25 Td (raisings ) Tj ET Q q 0 0 0 rg BT 355.86 196.25 Td (advice ) Tj ET Q q 0 0 0 rg BT 383.98 196.25 Td (and ) Tj ET Q q 0 0 0 rg BT 400.45 196.25 Td (related ) Tj ET Q q 0 0 0 rg BT 429.68 196.25 Td (services ) Tj ET Q q 0 0 0 rg BT 463.92 196.25 Td (to ) Tj ET Q q 0 0 0 rg BT 473.73 196.25 Td (private ) Tj ET Q q 0 0 0 rg BT 503.52 196.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 530.55 196.25 Td (and ) Tj ET Q q 0 0 0 rg BT 547.02 196.25 Td (real ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 184.25 Td (estate ) Tj ET Q q 0 0 0 rg BT 75.16 184.25 Td (funds. ) Tj ET Q q 0 0 0 rg BT 102.27 184.25 Td ( ) Tj ET Q q 0 0 0 rg BT 104.66 184.25 Td (In ) Tj ET Q q 0 0 0 rg BT 115.38 184.25 Td (2010, ) Tj ET Q q 0 0 0 rg BT 140.27 184.25 Td (we ) Tj ET Q q 0 0 0 rg BT 154.33 184.25 Td (acquired ) Tj ET Q q 0 0 0 rg BT 191.14 184.25 Td (the ) Tj ET Q q 0 0 0 rg BT 205.22 184.25 Td (Australian ) Tj ET Q q 0 0 0 rg BT 249.27 184.25 Td (advisory ) Tj ET Q q 0 0 0 rg BT 286.10 184.25 Td (firm, ) Tj ET Q q 0 0 0 rg BT 308.21 184.25 Td (Caliburn, ) Tj ET Q q 0 0 0 rg BT 348.09 184.25 Td (which ) Tj ET Q q 0 0 0 rg BT 374.92 184.25 Td (has ) Tj ET Q q 0 0 0 rg BT 390.65 184.25 Td (two ) Tj ET Q q 0 0 0 rg BT 407.51 184.25 Td (Australian ) Tj ET Q q 0 0 0 rg BT 451.56 184.25 Td (of) Tj ET Q q 0 0 0 rg BT 459.71 184.25 Td (fices. ) Tj ET Q q 0 0 0 rg BT 483.47 184.25 Td (In ) Tj ET Q q 0 0 0 rg BT 494.20 184.25 Td (2012, ) Tj ET Q q 0 0 0 rg BT 519.09 184.25 Td (we ) Tj ET Q q 0 0 0 rg BT 533.14 184.25 Td (opened ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 172.25 Td (our ) Tj ET Q q 0 0 0 rg BT 65.83 172.25 Td (Stockholm ) Tj ET Q q 0 0 0 rg BT 111.67 172.25 Td (of) Tj ET Q q 0 0 0 rg BT 119.81 172.25 Td (fice. ) Tj ET Q q 0 0 0 rg BT 139.80 172.25 Td (In ) Tj ET Q q 0 0 0 rg BT 150.63 172.25 Td (October ) Tj ET Q q 0 0 0 rg BT 185.34 172.25 Td (2013, ) Tj ET Q q 0 0 0 rg BT 210.34 172.25 Td (we ) Tj ET Q q 0 0 0 rg BT 224.50 172.25 Td (opened ) Tj ET Q q 0 0 0 rg BT 255.87 172.25 Td (an ) Tj ET Q q 0 0 0 rg BT 267.81 172.25 Td (of) Tj ET Q q 0 0 0 rg BT 275.96 172.25 Td (fice ) Tj ET Q q 0 0 0 rg BT 293.45 172.25 Td (in ) Tj ET Q q 0 0 0 rg BT 303.73 172.25 Td (So ) Tj ET Q q 0 0 0 rg BT 321.23 172.25 Td (Paulo, ) Tj ET Q q 0 0 0 rg BT 349.00 172.25 Td (Brazil.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 151.25 Td (Beginning ) Tj ET Q q 0 0 0 rg BT 121.42 151.25 Td (in ) Tj ET Q q 0 0 0 rg BT 131.95 151.25 Td (201) Tj ET Q q 0 0 0 rg BT 146.58 151.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 156.84 151.25 Td (we ) Tj ET Q q 0 0 0 rg BT 171.25 151.25 Td (initiated ) Tj ET Q q 0 0 0 rg BT 206.78 151.25 Td (the ) Tj ET Q q 0 0 0 rg BT 221.75 151.25 Td (monetization ) Tj ET Q q 0 0 0 rg BT 276.71 151.25 Td (of ) Tj ET Q q 0 0 0 rg BT 287.80 151.25 Td (our ) Tj ET Q q 0 0 0 rg BT 303.88 151.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 354.41 151.25 Td (in ) Tj ET Q q 0 0 0 rg BT 364.95 151.25 Td (both ) Tj ET Q q 0 0 0 rg BT 385.48 151.25 Td (our ) Tj ET Q q 0 0 0 rg BT 401.56 151.25 Td (previously ) Tj ET Q q 0 0 0 rg BT 446.54 151.25 Td (sponsored ) Tj ET Q q 0 0 0 rg BT 489.84 151.25 Td (merchant ) Tj ET Q q 0 0 0 rg BT 529.80 151.25 Td (banking ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 139.25 Td (funds ) Tj ET Q q 0 0 0 rg BT 74.76 139.25 Td (and ) Tj ET Q q 0 0 0 rg BT 91.74 139.25 Td (Iridium. ) Tj ET Q q 0 0 0 rg BT 126.78 139.25 Td (In ) Tj ET Q q 0 0 0 rg BT 137.65 139.25 Td (201) Tj ET Q q 0 0 0 rg BT 152.28 139.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 162.32 139.25 Td (we ) Tj ET Q q 0 0 0 rg BT 176.52 139.25 Td (sold ) Tj ET Q q 0 0 0 rg BT 195.73 139.25 Td (substantially ) Tj ET Q q 0 0 0 rg BT 248.83 139.25 Td (all ) Tj ET Q q 0 0 0 rg BT 261.36 139.25 Td (of ) Tj ET Q q 0 0 0 rg BT 272.24 139.25 Td (our ) Tj ET Q q 0 0 0 rg BT 288.11 139.25 Td (interests ) Tj ET Q q 0 0 0 rg BT 323.97 139.25 Td (in ) Tj ET Q q 0 0 0 rg BT 334.29 139.25 Td (GCP) Tj ET Q q 0 0 0 rg BT 353.38 139.25 Td ( ) Tj ET Q q 0 0 0 rg BT 355.92 139.25 Td (II ) Tj ET Q q 0 0 0 rg BT 365.12 139.25 Td (and ) Tj ET Q q 0 0 0 rg BT 382.10 139.25 Td (GSA) Tj ET Q q 0 0 0 rg BT 400.82 139.25 Td (VP) Tj ET Q q 0 0 0 rg BT 413.23 139.25 Td ( ) Tj ET Q q 0 0 0 rg BT 415.77 139.25 Td (for ) Tj ET Q q 0 0 0 rg BT 429.97 139.25 Td ($49.4 ) Tj ET Q q 0 0 0 rg BT 455.01 139.25 Td (million, ) Tj ET Q q 0 0 0 rg BT 488.95 139.25 Td (which ) Tj ET Q q 0 0 0 rg BT 515.93 139.25 Td (represented ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 127.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.29 127.25 Td (book ) Tj ET Q q 0 0 0 rg BT 86.36 127.25 Td (value ) Tj ET Q q 0 0 0 rg BT 110.08 127.25 Td (of ) Tj ET Q q 0 0 0 rg BT 120.48 127.25 Td (the ) Tj ET Q q 0 0 0 rg BT 134.77 127.25 Td (investments. ) Tj ET Q q 0 0 0 rg BT 187.11 127.25 Td ( ) Tj ET Q q 0 0 0 rg BT 189.18 127.25 Td (In ) Tj ET Q q 0 0 0 rg BT 199.58 127.25 Td (2012, ) Tj ET Q q 0 0 0 rg BT 224.15 127.25 Td (we ) Tj ET Q q 0 0 0 rg BT 237.88 127.25 Td (repurchased ) Tj ET Q q 0 0 0 rg BT 288.25 127.25 Td (interests ) Tj ET Q q 0 0 0 rg BT 323.65 127.25 Td (in ) Tj ET Q q 0 0 0 rg BT 333.49 127.25 Td (two ) Tj ET Q q 0 0 0 rg BT 350.56 127.25 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 387.63 127.25 Td (companies ) Tj ET Q q 0 0 0 rg BT 432.46 127.25 Td (of ) Tj ET Q q 0 0 0 rg BT 442.86 127.25 Td (GCP) Tj ET Q q 0 0 0 rg BT 461.94 127.25 Td ( ) Tj ET Q q 0 0 0 rg BT 464.01 127.25 Td (II ) Tj ET Q q 0 0 0 rg BT 472.74 127.25 Td (for ) Tj ET Q q 0 0 0 rg BT 486.47 127.25 Td ($15.5 ) Tj ET Q q 0 0 0 rg BT 511.04 127.25 Td (million ) Tj ET Q q 0 0 0 rg BT 542.00 127.25 Td (upon ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 115.25 Td (exercise ) Tj ET Q q 0 0 0 rg BT 84.60 115.25 Td (of ) Tj ET Q q 0 0 0 rg BT 94.78 115.25 Td (put ) Tj ET Q q 0 0 0 rg BT 109.41 115.25 Td (rights. ) Tj ET Q q 0 0 0 rg BT 136.54 115.25 Td ( ) Tj ET Q q 0 0 0 rg BT 138.39 115.25 Td ( ) Tj ET Q q 0 0 0 rg BT 139.83 115.25 Td (Also ) Tj ET Q q 0 0 0 rg BT 160.57 115.25 Td (in ) Tj ET Q q 0 0 0 rg BT 170.20 115.25 Td (2012, ) Tj ET Q q 0 0 0 rg BT 194.55 115.25 Td (we ) Tj ET Q q 0 0 0 rg BT 208.06 115.25 Td (sold ) Tj ET Q q 0 0 0 rg BT 226.58 115.25 Td (our ) Tj ET Q q 0 0 0 rg BT 241.76 115.25 Td (entire ) Tj ET Q q 0 0 0 rg BT 266.37 115.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 297.65 115.25 Td (in ) Tj ET Q q 0 0 0 rg BT 307.28 115.25 Td (GCP) Tj ET Q q 0 0 0 rg BT 326.36 115.25 Td ( ) Tj ET Q q 0 0 0 rg BT 328.21 115.25 Td (Europe ) Tj ET Q q 0 0 0 rg BT 358.94 115.25 Td (for ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 372.45 115.25 Td ($27.2 ) Tj ET Q q 0 0 0 rg BT 396.80 115.25 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 425.69 115.25 Td (, ) Tj ET Q q 0 0 0 rg BT 430.04 115.25 Td (which ) Tj ET Q q 0 0 0 rg BT 456.33 115.25 Td (represented ) Tj ET Q q 0 0 0 rg BT 504.26 115.25 Td (approximately ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 103.25 Td (90% ) Tj ET Q q 0 0 0 rg BT 70.54 103.25 Td (of ) Tj ET Q q 0 0 0 rg BT 81.08 103.25 Td (its ) Tj ET Q q 0 0 0 rg BT 92.74 103.25 Td (book ) Tj ET Q q 0 0 0 rg BT 114.95 103.25 Td (value. ) Tj ET Q q 0 0 0 rg BT 141.31 103.25 Td ( ) Tj ET Q q 0 0 0 rg BT 143.52 103.25 Td (In ) Tj ET Q q 0 0 0 rg BT 154.06 103.25 Td (July ) Tj ET Q q 0 0 0 rg BT 172.94 103.25 Td (2013, ) Tj ET Q q 0 0 0 rg BT 197.65 103.25 Td (we ) Tj ET Q q 0 0 0 rg BT 211.52 103.25 Td (sold ) Tj ET Q q 0 0 0 rg BT 230.40 103.25 Td (our ) Tj ET Q q 0 0 0 rg BT 245.94 103.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 292.03 103.25 Td (in ) Tj ET Q q 0 0 0 rg BT 302.02 103.25 Td (GCP) Tj ET Q q 0 0 0 rg BT 321.10 103.25 Td ( ) Tj ET Q q 0 0 0 rg BT 323.31 103.25 Td (III ) Tj ET Q q 0 0 0 rg BT 335.51 103.25 Td (for ) Tj ET Q q 0 0 0 rg BT 349.38 103.25 Td ($2.0 ) Tj ET Q q 0 0 0 rg BT 369.09 103.25 Td (million, ) Tj ET Q q 0 0 0 rg BT 402.69 103.25 Td (which ) Tj ET Q q 0 0 0 rg BT 429.34 103.25 Td (represented ) Tj ET Q q 0 0 0 rg BT 477.63 103.25 Td (the ) Tj ET Q q 0 0 0 rg BT 492.06 103.25 Td (book ) Tj ET Q q 0 0 0 rg BT 514.27 103.25 Td (value ) Tj ET Q q 0 0 0 rg BT 538.13 103.25 Td (of ) Tj ET Q q 0 0 0 rg BT 548.67 103.25 Td (our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 91.25 Td (investment. ) Tj ET Q q 0 0 0 rg BT 98.88 91.25 Td ( ) Tj ET Q q 0 0 0 rg BT 101.38 91.25 Td (In ) Tj ET Q q 0 0 0 rg BT 112.21 91.25 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 161.92 91.25 Td (with ) Tj ET Q q 0 0 0 rg BT 182.20 91.25 Td (that ) Tj ET Q q 0 0 0 rg BT 199.70 91.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 217.74 91.25 Td (we ) Tj ET Q q 0 0 0 rg BT 231.90 91.25 Td (eliminated ) Tj ET Q q 0 0 0 rg BT 276.61 91.25 Td (our ) Tj ET Q q 0 0 0 rg BT 292.44 91.25 Td (last ) Tj ET Q q 0 0 0 rg BT 308.83 91.25 Td (remaining ) Tj ET Q q 0 0 0 rg BT 351.87 91.25 Td (commitment ) Tj ET Q q 0 0 0 rg BT 404.92 91.25 Td (to ) Tj ET Q q 0 0 0 rg BT 415.20 91.25 Td (merchant ) Tj ET Q q 0 0 0 rg BT 454.90 91.25 Td (banking ) Tj ET Q q 0 0 0 rg BT 489.61 91.25 Td (fund ) Tj ET Q q 0 0 0 rg BT 510.44 91.25 Td (investments.) Tj ET Q endstream endobj 41 0 obj <> endobj 42 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (20) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 742.10 Td (Beginning ) Tj ET Q q 0 0 0 rg BT 120.77 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 130.66 742.10 Td (October ) Tj ET Q q 0 0 0 rg BT 164.98 742.10 Td (201) Tj ET Q q 0 0 0 rg BT 179.61 742.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 189.22 742.10 Td (we ) Tj ET Q q 0 0 0 rg BT 202.99 742.10 Td (initiated ) Tj ET Q q 0 0 0 rg BT 237.86 742.10 Td (a ) Tj ET Q q 0 0 0 rg BT 244.41 742.10 Td (plan ) Tj ET Q q 0 0 0 rg BT 263.74 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 273.63 742.10 Td (sell ) Tj ET Q q 0 0 0 rg BT 289.62 742.10 Td (our ) Tj ET Q q 0 0 0 rg BT 305.06 742.10 Td (entire ) Tj ET Q q 0 0 0 rg BT 329.93 742.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 361.48 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 371.37 742.10 Td (Iridium ) Tj ET Q q 0 0 0 rg BT 403.47 742.10 Td (\(NASDAQ: ) Tj ET Q q 0 0 0 rg BT 453.36 742.10 Td (IRDM\) ) Tj ET Q q 0 0 0 rg BT 484.91 742.10 Td (systematically ) Tj ET Q q 0 0 0 rg BT 544.23 742.10 Td (over ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (a ) Tj ET Q q 0 0 0 rg BT 56.33 730.10 Td (period ) Tj ET Q q 0 0 0 rg BT 83.76 730.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 121.18 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 130.85 730.10 Td (be ) Tj ET Q q 0 0 0 rg BT 142.18 730.10 Td (two ) Tj ET Q q 0 0 0 rg BT 159.07 730.10 Td (or ) Tj ET Q q 0 0 0 rg BT 169.29 730.10 Td (more ) Tj ET Q q 0 0 0 rg BT 191.72 730.10 Td (years. ) Tj ET Q q 0 0 0 rg BT 217.21 730.10 Td ( ) Tj ET Q q 0 0 0 rg BT 218.68 730.10 Td (As ) Tj ET Q q 0 0 0 rg BT 231.68 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 241.90 730.10 Td (September ) Tj ET Q q 0 0 0 rg BT 286.55 730.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 300.94 730.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 325.33 730.10 Td (we ) Tj ET Q q 0 0 0 rg BT 338.88 730.10 Td (have ) Tj ET Q q 0 0 0 rg BT 359.64 730.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 378.20 730.10 Td (approximately ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 437.85 730.10 Td (84%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 456.18 730.10 Td ( ) Tj ET Q q 0 0 0 rg BT 458.07 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 468.29 730.10 Td (our ) Tj ET Q q 0 0 0 rg BT 483.51 730.10 Td (holdings ) Tj ET Q q 0 0 0 rg BT 519.84 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 529.51 730.10 Td (Iridium, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (which ) Tj ET Q q 0 0 0 rg BT 77.58 718.10 Td (generated ) Tj ET Q q 0 0 0 rg BT 119.58 718.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 158.25 718.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 169.72 718.10 Td ($60.8 ) Tj ET Q q 0 0 0 rg BT 195.36 718.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 224.25 718.10 Td (. ) Tj ET Q q 0 0 0 rg BT 229.66 718.10 Td (The ) Tj ET Q q 0 0 0 rg BT 248.35 718.10 Td (net ) Tj ET Q q 0 0 0 rg BT 263.71 718.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 302.38 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 313.85 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 329.21 718.10 Td (merchant ) Tj ET Q q 0 0 0 rg BT 369.55 718.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 404.90 718.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 426.37 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 443.95 718.10 Td (Iridium ) Tj ET Q q 0 0 0 rg BT 477.08 718.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 499.66 718.10 Td (have ) Tj ET Q q 0 0 0 rg BT 521.67 718.10 Td (been ) Tj ET Q q 0 0 0 rg BT 543.69 718.10 Td (used ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (principally ) Tj ET Q q 0 0 0 rg BT 95.82 706.10 Td (to ) Tj ET Q q 0 0 0 rg BT 106.10 706.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 151.90 706.10 Td (our ) Tj ET Q q 0 0 0 rg BT 167.73 706.10 Td (common ) Tj ET Q q 0 0 0 rg BT 205.23 706.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 228.84 706.10 Td (and ) Tj ET Q q 0 0 0 rg BT 245.78 706.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 274.92 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 289.64 706.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 338.80 706.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 371.30 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 382.13 706.10 Td (our ) Tj ET Q q 0 0 0 rg BT 397.96 706.10 Td (revolving ) Tj ET Q q 0 0 0 rg BT 438.78 706.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 458.50 706.10 Td (facility) Tj ET Q q 0 0 0 rg BT 486.17 706.10 Td (. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 683.25 Td (Business Envir) Tj ET Q q 0 0 0 rg BT 113.45 683.25 Td (onment) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 62.00 662.25 Td (Economic ) Tj ET Q q 0 0 0 rg BT 105.36 662.25 Td (and ) Tj ET Q q 0 0 0 rg BT 122.62 662.25 Td (global ) Tj ET Q q 0 0 0 rg BT 150.43 662.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 188.23 662.25 Td (market ) Tj ET Q q 0 0 0 rg BT 218.81 662.25 Td (conditions ) Tj ET Q q 0 0 0 rg BT 263.30 662.25 Td (can ) Tj ET Q q 0 0 0 rg BT 279.99 662.25 Td (materially ) Tj ET Q q 0 0 0 rg BT 323.35 662.25 Td (af) Tj ET Q q 0 0 0 rg BT 330.94 662.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 348.74 662.25 Td (our ) Tj ET Q q 0 0 0 rg BT 364.89 662.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 402.69 662.25 Td (performance. ) Tj ET Q q 0 0 0 rg BT 458.53 662.25 Td (See ) Tj ET Q q 0 0 0 rg BT 475.79 662.25 Td (Risk ) Tj ET Q q 0 0 0 rg BT 501.39 662.25 Td (Factors ) Tj ET Q q 0 0 0 rg BT 538.08 662.25 Td (in ) Tj ET Q q 0 0 0 rg BT 548.68 662.25 Td (our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 650.25 Td (2012 ) Tj ET Q q 0 0 0 rg BT 71.60 650.25 Td (Annual ) Tj ET Q q 0 0 0 rg BT 103.10 650.25 Td (Report ) Tj ET Q q 0 0 0 rg BT 132.38 650.25 Td (on ) Tj ET Q q 0 0 0 rg BT 144.43 650.25 Td (Form ) Tj ET Q q 0 0 0 rg BT 168.16 650.25 Td (10-K ) Tj ET Q q 0 0 0 rg BT 190.77 650.25 Td (filed ) Tj ET Q q 0 0 0 rg BT 211.15 650.25 Td (with ) Tj ET Q q 0 0 0 rg BT 230.99 650.25 Td (Securities ) Tj ET Q q 0 0 0 rg BT 272.48 650.25 Td (and ) Tj ET Q q 0 0 0 rg BT 288.98 650.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 330.46 650.25 Td (Commission. ) Tj ET Q q 0 0 0 rg BT 385.59 650.25 Td ( ) Tj ET Q q 0 0 0 rg BT 387.64 650.25 Td (Revenues ) Tj ET Q q 0 0 0 rg BT 428.58 650.25 Td (and ) Tj ET Q q 0 0 0 rg BT 445.08 650.25 Td (net ) Tj ET Q q 0 0 0 rg BT 459.35 650.25 Td (income ) Tj ET Q q 0 0 0 rg BT 490.84 650.25 Td (in ) Tj ET Q q 0 0 0 rg BT 500.68 650.25 Td (any ) Tj ET Q q 0 0 0 rg BT 517.18 650.25 Td (period ) Tj ET Q q 0 0 0 rg BT 544.78 650.25 Td (may ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 638.25 Td (not ) Tj ET Q q 0 0 0 rg BT 65.18 638.25 Td (be ) Tj ET Q q 0 0 0 rg BT 77.03 638.25 Td (indicative ) Tj ET Q q 0 0 0 rg BT 118.86 638.25 Td (of ) Tj ET Q q 0 0 0 rg BT 129.60 638.25 Td (full ) Tj ET Q q 0 0 0 rg BT 145.89 638.25 Td (year ) Tj ET Q q 0 0 0 rg BT 165.51 638.25 Td (results ) Tj ET Q q 0 0 0 rg BT 194.02 638.25 Td (or ) Tj ET Q q 0 0 0 rg BT 204.76 638.25 Td (the ) Tj ET Q q 0 0 0 rg BT 219.38 638.25 Td (results ) Tj ET Q q 0 0 0 rg BT 247.90 638.25 Td (of ) Tj ET Q q 0 0 0 rg BT 258.63 638.25 Td (any ) Tj ET Q q 0 0 0 rg BT 275.48 638.25 Td (other ) Tj ET Q q 0 0 0 rg BT 298.43 638.25 Td (period ) Tj ET Q q 0 0 0 rg BT 326.38 638.25 Td (and ) Tj ET Q q 0 0 0 rg BT 343.23 638.25 Td (may ) Tj ET Q q 0 0 0 rg BT 362.85 638.25 Td (vary ) Tj ET Q q 0 0 0 rg BT 383.03 638.25 Td (significantly ) Tj ET Q q 0 0 0 rg BT 435.42 638.25 Td (from ) Tj ET Q q 0 0 0 rg BT 457.27 638.25 Td (year ) Tj ET Q q 0 0 0 rg BT 476.88 638.25 Td (to ) Tj ET Q q 0 0 0 rg BT 487.06 638.25 Td (year ) Tj ET Q q 0 0 0 rg BT 506.68 638.25 Td (and ) Tj ET Q q 0 0 0 rg BT 523.52 638.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 554.24 638.25 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 626.25 Td (quarter) Tj ET Q q 0 0 0 rg BT 77.76 626.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 62.00 605.25 Td (Advisory ) Tj ET Q q 0 0 0 rg BT 101.12 605.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 138.55 605.25 Td (were ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 159.88 605.25 Td ($47.0 ) Tj ET Q q 0 0 0 rg BT 184.28 605.25 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 213.17 605.25 Td ( ) Tj ET Q q 0 0 0 rg BT 215.06 605.25 Td (in ) Tj ET Q q 0 0 0 rg BT 224.74 605.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 238.85 605.25 Td (third ) Tj ET Q q 0 0 0 rg BT 259.64 605.25 Td (quarter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 287.95 605.25 Td ( ) Tj ET Q q 0 0 0 rg BT 289.85 605.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 300.08 605.25 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 320.08 605.25 Td ( ) Tj ET Q q 0 0 0 rg BT 321.97 605.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 363.29 605.25 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 372.97 605.25 Td ($72.7 ) Tj ET Q q 0 0 0 rg BT 397.37 605.25 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 426.26 605.25 Td ( ) Tj ET Q q 0 0 0 rg BT 428.15 605.25 Td (in ) Tj ET Q q 0 0 0 rg BT 437.83 605.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 451.94 605.25 Td (third ) Tj ET Q q 0 0 0 rg BT 472.73 605.25 Td (quarter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 501.04 605.25 Td ( ) Tj ET Q q 0 0 0 rg BT 502.94 605.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 513.17 605.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 533.17 605.25 Td (, ) Tj ET Q q 0 0 0 rg BT 537.56 605.25 Td (which ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 593.25 Td (represents ) Tj ET Q q 0 0 0 rg BT 92.85 593.25 Td (a ) Tj ET Q q 0 0 0 rg BT 99.60 593.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 136.33 593.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 146.98 593.25 Td (35%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 165.31 593.25 Td (. ) Tj ET Q q 0 0 0 rg BT 170.12 593.25 Td ( ) Tj ET Q q 0 0 0 rg BT 171.93 593.25 Td (Although ) Tj ET Q q 0 0 0 rg BT 212.02 593.25 Td (the ) Tj ET Q q 0 0 0 rg BT 226.55 593.25 Td (third ) Tj ET Q q 0 0 0 rg BT 247.75 593.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 278.38 593.25 Td (of ) Tj ET Q q 0 0 0 rg BT 289.03 593.25 Td (2013 ) Tj ET Q q 0 0 0 rg BT 311.34 593.25 Td (was ) Tj ET Q q 0 0 0 rg BT 329.21 593.25 Td (a ) Tj ET Q q 0 0 0 rg BT 335.96 593.25 Td (slow ) Tj ET Q q 0 0 0 rg BT 357.17 593.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 387.79 593.25 Td (for ) Tj ET Q q 0 0 0 rg BT 401.77 593.25 Td (transaction ) Tj ET Q q 0 0 0 rg BT 447.96 593.25 Td (activity ) Tj ET Q q 0 0 0 rg BT 480.26 593.25 Td (for ) Tj ET Q q 0 0 0 rg BT 494.24 593.25 Td (the ) Tj ET Q q 0 0 0 rg BT 508.77 593.25 Td (Firm, ) Tj ET Q q 0 0 0 rg BT 533.03 593.25 Td (and ) Tj ET Q q 0 0 0 rg BT 549.78 593.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 581.25 Td (market ) Tj ET Q q 0 0 0 rg BT 79.55 581.25 Td (generally) Tj ET Q q 0 0 0 rg BT 116.10 581.25 Td (, ) Tj ET Q q 0 0 0 rg BT 120.38 581.25 Td (on ) Tj ET Q q 0 0 0 rg BT 132.17 581.25 Td (a ) Tj ET Q q 0 0 0 rg BT 138.39 581.25 Td (year ) Tj ET Q q 0 0 0 rg BT 157.38 581.25 Td (to ) Tj ET Q q 0 0 0 rg BT 166.94 581.25 Td (date ) Tj ET Q q 0 0 0 rg BT 185.38 581.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 207.17 581.25 Td (for ) Tj ET Q q 0 0 0 rg BT 220.61 581.25 Td (the ) Tj ET Q q 0 0 0 rg BT 234.61 581.25 Td (nine ) Tj ET Q q 0 0 0 rg BT 253.61 581.25 Td (months ) Tj ET Q q 0 0 0 rg BT 284.84 581.25 Td (ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 310.50 581.25 Td (September30, ) Tj ET Q q 0 0 0 rg BT 370.05 581.25 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 390.05 581.25 Td (, ) Tj ET Q q 0 0 0 rg BT 394.33 581.25 Td (our ) Tj ET Q q 0 0 0 rg BT 409.45 581.25 Td (advisory ) Tj ET Q q 0 0 0 rg BT 445.67 581.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 482.99 581.25 Td (were ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 504.20 581.25 Td ($21) Tj ET Q q 0 0 0 rg BT 518.83 581.25 Td (1.5 ) Tj ET Q q 0 0 0 rg BT 533.12 581.25 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 562.01 581.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 569.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 92.56 569.25 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 103.48 569.25 Td ($191.2 ) Tj ET Q q 0 0 0 rg BT 134.12 569.25 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 163.01 569.25 Td ( ) Tj ET Q q 0 0 0 rg BT 166.15 569.25 Td (for ) Tj ET Q q 0 0 0 rg BT 180.95 569.25 Td (the ) Tj ET Q q 0 0 0 rg BT 196.31 569.25 Td (comparable ) Tj ET Q q 0 0 0 rg BT 246.09 569.25 Td (period ) Tj ET Q q 0 0 0 rg BT 274.78 569.25 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 285.69 569.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 305.69 569.25 Td (, ) Tj ET Q q 0 0 0 rg BT 311.33 569.25 Td (which ) Tj ET Q q 0 0 0 rg BT 338.91 569.25 Td (represents ) Tj ET Q q 0 0 0 rg BT 382.59 569.25 Td (an ) Tj ET Q q 0 0 0 rg BT 395.17 569.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 431.06 569.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 442.53 569.25 Td (1) Tj ET Q q 0 0 0 rg BT 447.16 569.25 Td (1%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 460.49 569.25 Td (. ) Tj ET Q q 0 0 0 rg BT 466.13 569.25 Td ( ) Tj ET Q q 0 0 0 rg BT 469.27 569.25 Td (During ) Tj ET Q q 0 0 0 rg BT 500.74 569.25 Td (the ) Tj ET Q q 0 0 0 rg BT 516.09 569.25 Td (nine ) Tj ET Q q 0 0 0 rg BT 536.45 569.25 Td (month ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 557.25 Td (period ) Tj ET Q q 0 0 0 rg BT 77.12 557.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 102.57 557.25 Td (September ) Tj ET Q q 0 0 0 rg BT 146.91 557.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 160.98 557.25 Td (2013, ) Tj ET Q q 0 0 0 rg BT 185.06 557.25 Td (in ) Tj ET Q q 0 0 0 rg BT 194.41 557.25 Td (comparison ) Tj ET Q q 0 0 0 rg BT 242.64 557.25 Td (to ) Tj ET Q q 0 0 0 rg BT 251.99 557.25 Td (the ) Tj ET Q q 0 0 0 rg BT 265.78 557.25 Td (same ) Tj ET Q q 0 0 0 rg BT 287.90 557.25 Td (period ) Tj ET Q q 0 0 0 rg BT 315.02 557.25 Td (in ) Tj ET Q q 0 0 0 rg BT 324.37 557.25 Td (2012 ) Tj ET Q q 0 0 0 rg BT 345.95 557.25 Td (the ) Tj ET Q q 0 0 0 rg BT 359.74 557.25 Td (worldwide ) Tj ET Q q 0 0 0 rg BT 404.08 557.25 Td (number ) Tj ET Q q 0 0 0 rg BT 436.20 557.25 Td (of ) Tj ET Q q 0 0 0 rg BT 446.10 557.25 Td (completed ) Tj ET Q q 0 0 0 rg BT 489.33 557.25 Td (M&A) Tj ET Q q 0 0 0 rg BT 512.67 557.25 Td ( ) Tj ET Q q 0 0 0 rg BT 514.24 557.25 Td (transactions ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 545.25 Td (decreased ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 91.83 545.25 Td (13%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 110.16 545.25 Td (, ) Tj ET Q q 0 0 0 rg BT 115.07 545.25 Td (the ) Tj ET Q q 0 0 0 rg BT 129.69 545.25 Td (number ) Tj ET Q q 0 0 0 rg BT 162.65 545.25 Td (of ) Tj ET Q q 0 0 0 rg BT 173.39 545.25 Td (completed ) Tj ET Q q 0 0 0 rg BT 217.46 545.25 Td ($1 ) Tj ET Q q 0 0 0 rg BT 229.87 545.25 Td (billion ) Tj ET Q q 0 0 0 rg BT 258.39 545.25 Td (or ) Tj ET Q q 0 0 0 rg BT 269.13 545.25 Td (greater ) Tj ET Q q 0 0 0 rg BT 299.30 545.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 349.47 545.25 Td (decreased ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 391.30 545.25 Td (15%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 409.63 545.25 Td ( ) Tj ET Q q 0 0 0 rg BT 412.04 545.25 Td (and ) Tj ET Q q 0 0 0 rg BT 428.89 545.25 Td (worldwide ) Tj ET Q q 0 0 0 rg BT 474.07 545.25 Td (completed ) Tj ET Q q 0 0 0 rg BT 518.13 545.25 Td (transaction ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 533.25 Td (volume ) Tj ET Q q 0 0 0 rg BT 83.02 533.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 101.58 533.25 Td (sum ) Tj ET Q q 0 0 0 rg BT 121.28 533.25 Td (of ) Tj ET Q q 0 0 0 rg BT 132.63 533.25 Td (all ) Tj ET Q q 0 0 0 rg BT 145.64 533.25 Td (deal ) Tj ET Q q 0 0 0 rg BT 165.32 533.25 Td (sizes\) ) Tj ET Q q 0 0 0 rg BT 191.11 533.25 Td (decreased ) Tj ET Q q 0 0 0 rg BT 233.55 533.25 Td (by ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 246.57 533.25 Td (1%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 259.90 533.25 Td ( ) Tj ET Q q 0 0 0 rg BT 262.92 533.25 Td (from ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 285.38 533.25 Td (1,485 ) Tj ET Q q 0 0 0 rg BT 310.90 533.25 Td (billion) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 337.01 533.25 Td ( ) Tj ET Q q 0 0 0 rg BT 340.04 533.25 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 350.84 533.25 Td (1,465 ) Tj ET Q q 0 0 0 rg BT 376.36 533.25 Td (billion) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 402.47 537.78 Td (\(1\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 410.05 533.25 Td (. ) Tj ET Q q 0 0 0 rg BT 415.57 533.25 Td ( ) Tj ET Q q 0 0 0 rg BT 418.59 533.25 Td (Despite ) Tj ET Q q 0 0 0 rg BT 452.16 533.25 Td (the ) Tj ET Q q 0 0 0 rg BT 467.40 533.25 Td (challenging ) Tj ET Q q 0 0 0 rg BT 517.07 533.25 Td (market, ) Tj ET Q q 0 0 0 rg BT 550.35 533.25 Td (we ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 521.25 Td (continue ) Tj ET Q q 0 0 0 rg BT 86.93 521.25 Td (to ) Tj ET Q q 0 0 0 rg BT 97.21 521.25 Td (expect ) Tj ET Q q 0 0 0 rg BT 125.81 521.25 Td (our ) Tj ET Q q 0 0 0 rg BT 141.64 521.25 Td (advisory ) Tj ET Q q 0 0 0 rg BT 178.57 521.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 216.61 521.25 Td (for ) Tj ET Q q 0 0 0 rg BT 230.77 521.25 Td (2013 ) Tj ET Q q 0 0 0 rg BT 253.27 521.25 Td (to ) Tj ET Q q 0 0 0 rg BT 263.55 521.25 Td (be ) Tj ET Q q 0 0 0 rg BT 275.49 521.25 Td (up ) Tj ET Q q 0 0 0 rg BT 287.99 521.25 Td (slightly) Tj ET Q q 0 0 0 rg BT 317.34 521.25 Td (, ) Tj ET Q q 0 0 0 rg BT 322.34 521.25 Td (or ) Tj ET Q q 0 0 0 rg BT 333.17 521.25 Td (at ) Tj ET Q q 0 0 0 rg BT 342.89 521.25 Td (least ) Tj ET Q q 0 0 0 rg BT 363.72 521.25 Td (close ) Tj ET Q q 0 0 0 rg BT 386.76 521.25 Td (to ) Tj ET Q q 0 0 0 rg BT 397.04 521.25 Td (last ) Tj ET Q q 0 0 0 rg BT 413.43 521.25 Td (year's ) Tj ET Q q 0 0 0 rg BT 438.83 521.25 Td (level. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 62.00 500.25 Td (W) Tj ET Q q 0 0 0 rg BT 70.64 500.25 Td (e ) Tj ET Q q 0 0 0 rg BT 77.41 500.25 Td (believe ) Tj ET Q q 0 0 0 rg BT 108.62 500.25 Td (our ) Tj ET Q q 0 0 0 rg BT 124.28 500.25 Td (business ) Tj ET Q q 0 0 0 rg BT 160.51 500.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 213.36 500.25 Td (is ) Tj ET Q q 0 0 0 rg BT 222.37 500.25 Td (best ) Tj ET Q q 0 0 0 rg BT 240.81 500.25 Td (measured ) Tj ET Q q 0 0 0 rg BT 281.46 500.25 Td (over ) Tj ET Q q 0 0 0 rg BT 301.56 500.25 Td (longer ) Tj ET Q q 0 0 0 rg BT 329.44 500.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 361.21 500.25 Td (of ) Tj ET Q q 0 0 0 rg BT 371.88 500.25 Td (time, ) Tj ET Q q 0 0 0 rg BT 394.49 500.25 Td (and ) Tj ET Q q 0 0 0 rg BT 411.26 500.25 Td (in ) Tj ET Q q 0 0 0 rg BT 421.37 500.25 Td (that ) Tj ET Q q 0 0 0 rg BT 438.70 500.25 Td (regard ) Tj ET Q q 0 0 0 rg BT 466.57 500.25 Td (it ) Tj ET Q q 0 0 0 rg BT 474.46 500.25 Td (is ) Tj ET Q q 0 0 0 rg BT 483.46 500.25 Td (noteworthy ) Tj ET Q q 0 0 0 rg BT 531.35 500.25 Td (that ) Tj ET Q q 0 0 0 rg BT 548.67 500.25 Td (our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 488.25 Td (advisory ) Tj ET Q q 0 0 0 rg BT 87.87 488.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 126.84 488.25 Td (for ) Tj ET Q q 0 0 0 rg BT 141.93 488.25 Td (the ) Tj ET Q q 0 0 0 rg BT 157.58 488.25 Td (twelve ) Tj ET Q q 0 0 0 rg BT 187.67 488.25 Td (month ) Tj ET Q q 0 0 0 rg BT 216.66 488.25 Td (period ) Tj ET Q q 0 0 0 rg BT 245.64 488.25 Td (ending ) Tj ET Q q 0 0 0 rg BT 276.29 488.25 Td (September ) Tj ET Q q 0 0 0 rg BT 322.49 488.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 338.42 488.25 Td (2013 ) Tj ET Q q 0 0 0 rg BT 361.85 488.25 Td (\(a ) Tj ET Q q 0 0 0 rg BT 373.05 488.25 Td (measure ) Tj ET Q q 0 0 0 rg BT 409.80 488.25 Td (we ) Tj ET Q q 0 0 0 rg BT 424.89 488.25 Td (refer ) Tj ET Q q 0 0 0 rg BT 447.19 488.25 Td (to ) Tj ET Q q 0 0 0 rg BT 458.40 488.25 Td (as ) Tj ET Q q 0 0 0 rg BT 470.17 488.25 Td (trailing ) Tj ET Q q 0 0 0 rg BT 502.48 488.25 Td (twelve ) Tj ET Q q 0 0 0 rg BT 532.57 488.25 Td (months ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 476.25 Td (advisory ) Tj ET Q q 0 0 0 rg BT 86.58 476.25 Td (revenues\) ) Tj ET Q q 0 0 0 rg BT 127.59 476.25 Td (was ) Tj ET Q q 0 0 0 rg BT 145.29 476.25 Td (approximately ) Tj ET Q q 0 0 0 rg BT 205.19 476.25 Td ($312 ) Tj ET Q q 0 0 0 rg BT 227.33 476.25 Td (million. ) Tj ET Q q 0 0 0 rg BT 260.87 476.25 Td (In ) Tj ET Q q 0 0 0 rg BT 271.34 476.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 295.70 476.25 Td (of ) Tj ET Q q 0 0 0 rg BT 306.18 476.25 Td (geographic ) Tj ET Q q 0 0 0 rg BT 352.74 476.25 Td (diversity) Tj ET Q q 0 0 0 rg BT 387.09 476.25 Td (, ) Tj ET Q q 0 0 0 rg BT 391.73 476.25 Td (during ) Tj ET Q q 0 0 0 rg BT 419.99 476.25 Td (the ) Tj ET Q q 0 0 0 rg BT 434.35 476.25 Td (first ) Tj ET Q q 0 0 0 rg BT 452.60 476.25 Td (nine ) Tj ET Q q 0 0 0 rg BT 471.96 476.25 Td (months ) Tj ET Q q 0 0 0 rg BT 503.55 476.25 Td (of ) Tj ET Q q 0 0 0 rg BT 514.02 476.25 Td (2013, ) Tj ET Q q 0 0 0 rg BT 538.67 476.25 Td (North ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 464.25 Td (America, ) Tj ET Q q 0 0 0 rg BT 90.05 464.25 Td (and ) Tj ET Q q 0 0 0 rg BT 107.62 464.25 Td (specifically ) Tj ET Q q 0 0 0 rg BT 156.83 464.25 Td (the ) Tj ET Q q 0 0 0 rg BT 172.17 464.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 193.08 464.25 Td (M&A) Tj ET Q q 0 0 0 rg BT 216.42 464.25 Td ( ) Tj ET Q q 0 0 0 rg BT 219.55 464.25 Td (business, ) Tj ET Q q 0 0 0 rg BT 259.07 464.25 Td (continued ) Tj ET Q q 0 0 0 rg BT 301.63 464.25 Td (to ) Tj ET Q q 0 0 0 rg BT 312.53 464.25 Td (be ) Tj ET Q q 0 0 0 rg BT 325.10 464.25 Td (the ) Tj ET Q q 0 0 0 rg BT 340.44 464.25 Td (strongest ) Tj ET Q q 0 0 0 rg BT 379.68 464.25 Td (performing ) Tj ET Q q 0 0 0 rg BT 427.79 464.25 Td (region ) Tj ET Q q 0 0 0 rg BT 456.46 464.25 Td (for ) Tj ET Q q 0 0 0 rg BT 471.25 464.25 Td (us, ) Tj ET Q q 0 0 0 rg BT 485.77 464.25 Td (consistent ) Tj ET Q q 0 0 0 rg BT 528.89 464.25 Td (with ) Tj ET Q q 0 0 0 rg BT 549.79 464.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 452.25 Td (global ) Tj ET Q q 0 0 0 rg BT 78.43 452.25 Td (market ) Tj ET Q q 0 0 0 rg BT 109.63 452.25 Td (statistics ) Tj ET Q q 0 0 0 rg BT 147.50 452.25 Td (by ) Tj ET Q q 0 0 0 rg BT 160.94 452.25 Td (region. ) Tj ET Q q 0 0 0 rg BT 192.42 452.25 Td ( ) Tj ET Q q 0 0 0 rg BT 195.85 452.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 214.84 452.25 Td (European ) Tj ET Q q 0 0 0 rg BT 256.59 452.25 Td (business ) Tj ET Q q 0 0 0 rg BT 293.91 452.25 Td (showed ) Tj ET Q q 0 0 0 rg BT 327.90 452.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 373.55 452.25 Td (improvement ) Tj ET Q q 0 0 0 rg BT 430.30 452.25 Td (in ) Tj ET Q q 0 0 0 rg BT 441.51 452.25 Td (the ) Tj ET Q q 0 0 0 rg BT 457.16 452.25 Td (first ) Tj ET Q q 0 0 0 rg BT 476.71 452.25 Td (nine ) Tj ET Q q 0 0 0 rg BT 497.36 452.25 Td (months ) Tj ET Q q 0 0 0 rg BT 530.24 452.25 Td (of ) Tj ET Q q 0 0 0 rg BT 542.00 452.25 Td (2013 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 440.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 92.30 440.25 Td (to ) Tj ET Q q 0 0 0 rg BT 102.96 440.25 Td (the ) Tj ET Q q 0 0 0 rg BT 118.06 440.25 Td (same ) Tj ET Q q 0 0 0 rg BT 141.49 440.25 Td (period ) Tj ET Q q 0 0 0 rg BT 169.92 440.25 Td (in ) Tj ET Q q 0 0 0 rg BT 180.58 440.25 Td (2012 ) Tj ET Q q 0 0 0 rg BT 203.46 440.25 Td (in ) Tj ET Q q 0 0 0 rg BT 214.12 440.25 Td (what ) Tj ET Q q 0 0 0 rg BT 236.44 440.25 Td (continued ) Tj ET Q q 0 0 0 rg BT 278.75 440.25 Td (to ) Tj ET Q q 0 0 0 rg BT 289.41 440.25 Td (be ) Tj ET Q q 0 0 0 rg BT 301.73 440.25 Td (a ) Tj ET Q q 0 0 0 rg BT 309.05 440.25 Td (dif) Tj ET Q q 0 0 0 rg BT 319.98 440.25 Td (ficult ) Tj ET Q q 0 0 0 rg BT 343.96 440.25 Td (economic ) Tj ET Q q 0 0 0 rg BT 385.71 440.25 Td (and ) Tj ET Q q 0 0 0 rg BT 403.03 440.25 Td (transaction ) Tj ET Q q 0 0 0 rg BT 449.79 440.25 Td (environment ) Tj ET Q q 0 0 0 rg BT 503.21 440.25 Td (in ) Tj ET Q q 0 0 0 rg BT 513.87 440.25 Td (that ) Tj ET Q q 0 0 0 rg BT 531.74 440.25 Td (market. ) Tj ET Q q 0 0 0 rg BT 564.51 440.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 428.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 67.34 428.25 Td (Australian ) Tj ET Q q 0 0 0 rg BT 111.29 428.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 145.22 428.25 Td (declined ) Tj ET Q q 0 0 0 rg BT 181.39 428.25 Td (year) Tj ET Q q 0 0 0 rg BT 198.40 428.25 Td (-over) Tj ET Q q 0 0 0 rg BT 219.29 428.25 Td (-year) Tj ET Q q 0 0 0 rg BT 239.43 428.25 Td (, ) Tj ET Q q 0 0 0 rg BT 244.22 428.25 Td (in ) Tj ET Q q 0 0 0 rg BT 254.29 428.25 Td (what ) Tj ET Q q 0 0 0 rg BT 276.02 428.25 Td (was ) Tj ET Q q 0 0 0 rg BT 293.87 428.25 Td (a ) Tj ET Q q 0 0 0 rg BT 300.60 428.25 Td (more ) Tj ET Q q 0 0 0 rg BT 323.44 428.25 Td (challenging ) Tj ET Q q 0 0 0 rg BT 372.38 428.25 Td (environment ) Tj ET Q q 0 0 0 rg BT 425.22 428.25 Td (than ) Tj ET Q q 0 0 0 rg BT 444.73 428.25 Td (in ) Tj ET Q q 0 0 0 rg BT 454.80 428.25 Td (previous ) Tj ET Q q 0 0 0 rg BT 491.53 428.25 Td (years. ) Tj ET Q q 0 0 0 rg BT 517.42 428.25 Td (For ) Tj ET Q q 0 0 0 rg BT 533.60 428.25 Td (the ) Tj ET Q q 0 0 0 rg BT 548.11 428.25 Td (full ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 416.25 Td (year) Tj ET Q q 0 0 0 rg BT 66.81 416.25 Td (, ) Tj ET Q q 0 0 0 rg BT 71.07 416.25 Td (we ) Tj ET Q q 0 0 0 rg BT 84.49 416.25 Td (expect ) Tj ET Q q 0 0 0 rg BT 112.35 416.25 Td (results ) Tj ET Q q 0 0 0 rg BT 140.22 416.25 Td (for ) Tj ET Q q 0 0 0 rg BT 153.64 416.25 Td (North ) Tj ET Q q 0 0 0 rg BT 178.34 416.25 Td (America ) Tj ET Q q 0 0 0 rg BT 214.53 416.25 Td (will ) Tj ET Q q 0 0 0 rg BT 231.84 416.25 Td (be ) Tj ET Q q 0 0 0 rg BT 243.04 416.25 Td (similar ) Tj ET Q q 0 0 0 rg BT 272.58 416.25 Td (to ) Tj ET Q q 0 0 0 rg BT 282.12 416.25 Td (last ) Tj ET Q q 0 0 0 rg BT 297.77 416.25 Td (year) Tj ET Q q 0 0 0 rg BT 314.57 416.25 Td (, ) Tj ET Q q 0 0 0 rg BT 318.84 416.25 Td (with ) Tj ET Q q 0 0 0 rg BT 338.38 416.25 Td (improvement ) Tj ET Q q 0 0 0 rg BT 393.46 416.25 Td (in ) Tj ET Q q 0 0 0 rg BT 403.00 416.25 Td (Europe ) Tj ET Q q 0 0 0 rg BT 433.64 416.25 Td (of) Tj ET Q q 0 0 0 rg BT 441.79 416.25 Td (f-setting ) Tj ET Q q 0 0 0 rg BT 476.87 416.25 Td (a ) Tj ET Q q 0 0 0 rg BT 483.07 416.25 Td (decline ) Tj ET Q q 0 0 0 rg BT 513.71 416.25 Td (in ) Tj ET Q q 0 0 0 rg BT 522.86 416.25 Td (Australia.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 62.00 395.25 Td (W) Tj ET Q q 0 0 0 rg BT 70.64 395.25 Td (e ) Tj ET Q q 0 0 0 rg BT 77.63 395.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 117.39 395.25 Td (experience ) Tj ET Q q 0 0 0 rg BT 163.25 395.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 208.02 395.25 Td (variations ) Tj ET Q q 0 0 0 rg BT 250.01 395.25 Td (in ) Tj ET Q q 0 0 0 rg BT 260.35 395.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 298.44 395.25 Td (and ) Tj ET Q q 0 0 0 rg BT 315.44 395.25 Td (profits ) Tj ET Q q 0 0 0 rg BT 344.11 395.25 Td (from ) Tj ET Q q 0 0 0 rg BT 366.10 395.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 396.97 395.25 Td (to ) Tj ET Q q 0 0 0 rg BT 407.31 395.25 Td (quarter) Tj ET Q q 0 0 0 rg BT 435.07 395.25 Td (. ) Tj ET Q q 0 0 0 rg BT 439.95 395.25 Td (These ) Tj ET Q q 0 0 0 rg BT 466.38 395.25 Td (variations ) Tj ET Q q 0 0 0 rg BT 508.37 395.25 Td (can ) Tj ET Q q 0 0 0 rg BT 524.81 395.25 Td (generally ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 383.25 Td (be ) Tj ET Q q 0 0 0 rg BT 61.67 383.25 Td (attributed ) Tj ET Q q 0 0 0 rg BT 102.22 383.25 Td (to ) Tj ET Q q 0 0 0 rg BT 112.22 383.25 Td (the ) Tj ET Q q 0 0 0 rg BT 126.67 383.25 Td (fact ) Tj ET Q q 0 0 0 rg BT 143.88 383.25 Td (that ) Tj ET Q q 0 0 0 rg BT 161.11 383.25 Td (our ) Tj ET Q q 0 0 0 rg BT 176.67 383.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 214.43 383.25 Td (are ) Tj ET Q q 0 0 0 rg BT 228.87 383.25 Td (usually ) Tj ET Q q 0 0 0 rg BT 259.99 383.25 Td (earned ) Tj ET Q q 0 0 0 rg BT 288.86 383.25 Td (in ) Tj ET Q q 0 0 0 rg BT 298.87 383.25 Td (lar) Tj ET Q q 0 0 0 rg BT 309.23 383.25 Td (ge ) Tj ET Q q 0 0 0 rg BT 320.90 383.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 357.02 383.25 Td (throughout ) Tj ET Q q 0 0 0 rg BT 403.13 383.25 Td (the ) Tj ET Q q 0 0 0 rg BT 417.58 383.25 Td (year ) Tj ET Q q 0 0 0 rg BT 437.01 383.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 459.24 383.25 Td (the ) Tj ET Q q 0 0 0 rg BT 473.69 383.25 Td (successful ) Tj ET Q q 0 0 0 rg BT 517.02 383.25 Td (completion ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 371.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.70 371.25 Td (a ) Tj ET Q q 0 0 0 rg BT 67.51 371.25 Td (transaction ) Tj ET Q q 0 0 0 rg BT 113.75 371.25 Td (or ) Tj ET Q q 0 0 0 rg BT 124.45 371.25 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 177.91 371.25 Td (or ) Tj ET Q q 0 0 0 rg BT 188.61 371.25 Td (closing ) Tj ET Q q 0 0 0 rg BT 219.87 371.25 Td (of ) Tj ET Q q 0 0 0 rg BT 230.57 371.25 Td (a ) Tj ET Q q 0 0 0 rg BT 237.38 371.25 Td (fund, ) Tj ET Q q 0 0 0 rg BT 260.58 371.25 Td (the ) Tj ET Q q 0 0 0 rg BT 275.16 371.25 Td (timing ) Tj ET Q q 0 0 0 rg BT 303.65 371.25 Td (of ) Tj ET Q q 0 0 0 rg BT 314.35 371.25 Td (which ) Tj ET Q q 0 0 0 rg BT 341.15 371.25 Td (is ) Tj ET Q q 0 0 0 rg BT 350.19 371.25 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 389.76 371.25 Td (and ) Tj ET Q q 0 0 0 rg BT 406.57 371.25 Td (is ) Tj ET Q q 0 0 0 rg BT 415.61 371.25 Td (not ) Tj ET Q q 0 0 0 rg BT 430.76 371.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 461.46 371.25 Td (to ) Tj ET Q q 0 0 0 rg BT 471.60 371.25 Td (our ) Tj ET Q q 0 0 0 rg BT 487.30 371.25 Td (control. ) Tj ET Q q 0 0 0 rg BT 520.50 371.25 Td (Moreover) Tj ET Q q 0 0 0 rg BT 559.53 371.25 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 359.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.85 359.25 Td (value ) Tj ET Q q 0 0 0 rg BT 89.14 359.25 Td (of ) Tj ET Q q 0 0 0 rg BT 100.11 359.25 Td (our ) Tj ET Q q 0 0 0 rg BT 116.08 359.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 154.25 359.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 204.66 359.25 Td (may ) Tj ET Q q 0 0 0 rg BT 224.51 359.25 Td (vary ) Tj ET Q q 0 0 0 rg BT 244.92 359.25 Td (significantly ) Tj ET Q q 0 0 0 rg BT 297.54 359.25 Td (from ) Tj ET Q q 0 0 0 rg BT 319.62 359.25 Td (period ) Tj ET Q q 0 0 0 rg BT 347.80 359.25 Td (to ) Tj ET Q q 0 0 0 rg BT 358.22 359.25 Td (period ) Tj ET Q q 0 0 0 rg BT 386.40 359.25 Td (and ) Tj ET Q q 0 0 0 rg BT 403.47 359.25 Td (depends ) Tj ET Q q 0 0 0 rg BT 438.88 359.25 Td (on ) Tj ET Q q 0 0 0 rg BT 451.51 359.25 Td (a ) Tj ET Q q 0 0 0 rg BT 458.59 359.25 Td (number ) Tj ET Q q 0 0 0 rg BT 491.77 359.25 Td (of ) Tj ET Q q 0 0 0 rg BT 502.74 359.25 Td (factors ) Tj ET Q q 0 0 0 rg BT 532.58 359.25 Td (beyond ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 347.25 Td (our ) Tj ET Q q 0 0 0 rg BT 65.87 347.25 Td (control, ) Tj ET Q q 0 0 0 rg BT 99.24 347.25 Td (including ) Tj ET Q q 0 0 0 rg BT 139.55 347.25 Td (most ) Tj ET Q q 0 0 0 rg BT 161.54 347.25 Td (notably ) Tj ET Q q 0 0 0 rg BT 194.08 347.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 219.38 347.25 Td (and ) Tj ET Q q 0 0 0 rg BT 236.36 347.25 Td (public ) Tj ET Q q 0 0 0 rg BT 263.90 347.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 291.44 347.25 Td (markets ) Tj ET Q q 0 0 0 rg BT 325.63 347.25 Td (and ) Tj ET Q q 0 0 0 rg BT 342.61 347.25 Td (general ) Tj ET Q q 0 0 0 rg BT 374.58 347.25 Td (economic ) Tj ET Q q 0 0 0 rg BT 415.99 347.25 Td (conditions. ) Tj ET Q q 0 0 0 rg BT 462.14 347.25 Td (As ) Tj ET Q q 0 0 0 rg BT 475.79 347.25 Td (a ) Tj ET Q q 0 0 0 rg BT 482.77 347.25 Td (result, ) Tj ET Q q 0 0 0 rg BT 510.03 347.25 Td (our ) Tj ET Q q 0 0 0 rg BT 525.90 347.25 Td (quarterly ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 335.25 Td (results ) Tj ET Q q 0 0 0 rg BT 78.61 335.25 Td (vary ) Tj ET Q q 0 0 0 rg BT 98.88 335.25 Td (and ) Tj ET Q q 0 0 0 rg BT 115.82 335.25 Td (our ) Tj ET Q q 0 0 0 rg BT 131.65 335.25 Td (results ) Tj ET Q q 0 0 0 rg BT 160.25 335.25 Td (in ) Tj ET Q q 0 0 0 rg BT 170.53 335.25 Td (one ) Tj ET Q q 0 0 0 rg BT 187.47 335.25 Td (period ) Tj ET Q q 0 0 0 rg BT 215.52 335.25 Td (may ) Tj ET Q q 0 0 0 rg BT 235.23 335.25 Td (not ) Tj ET Q q 0 0 0 rg BT 250.51 335.25 Td (be ) Tj ET Q q 0 0 0 rg BT 262.45 335.25 Td (indicative ) Tj ET Q q 0 0 0 rg BT 304.38 335.25 Td (of ) Tj ET Q q 0 0 0 rg BT 315.21 335.25 Td (our ) Tj ET Q q 0 0 0 rg BT 331.04 335.25 Td (results ) Tj ET Q q 0 0 0 rg BT 359.65 335.25 Td (in ) Tj ET Q q 0 0 0 rg BT 369.93 335.25 Td (any ) Tj ET Q q 0 0 0 rg BT 386.87 335.25 Td (future ) Tj ET Q q 0 0 0 rg BT 413.24 335.25 Td (period.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 62.00 83.25 Td (________________________) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 63.50 67.65 Td (\(1\) ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 81.50 67.65 Td (Global ) Tj ET Q q 0 0 0 rg BT 105.80 67.65 Td (M&A) Tj ET Q q 0 0 0 rg BT 124.47 67.65 Td ( ) Tj ET Q q 0 0 0 rg BT 126.99 67.65 Td (completed ) Tj ET Q q 0 0 0 rg BT 162.83 67.65 Td (volume ) Tj ET Q q 0 0 0 rg BT 189.35 67.65 Td (and ) Tj ET Q q 0 0 0 rg BT 203.42 67.65 Td (number ) Tj ET Q q 0 0 0 rg BT 230.38 67.65 Td (of ) Tj ET Q q 0 0 0 rg BT 239.57 67.65 Td (transactions ) Tj ET Q q 0 0 0 rg BT 280.30 67.65 Td (for ) Tj ET Q q 0 0 0 rg BT 292.16 67.65 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 304.45 67.65 Td (nine ) Tj ET Q q 0 0 0 rg BT 320.75 67.65 Td (months ) Tj ET Q q 0 0 0 rg BT 346.83 67.65 Td (ended ) Tj ET Q q 0 0 0 rg BT 368.45 67.65 Td (September ) Tj ET Q q 0 0 0 rg BT 405.19 67.65 Td (30, ) Tj ET Q q 0 0 0 rg BT 417.71 67.65 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 433.71 67.65 Td ( ) Tj ET Q q 0 0 0 rg BT 436.23 67.65 Td (as ) Tj ET Q q 0 0 0 rg BT 445.42 67.65 Td (compared ) Tj ET Q q 0 0 0 rg BT 479.48 67.65 Td (to ) Tj ET Q q 0 0 0 rg BT 488.22 67.65 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 500.52 67.65 Td (nine ) Tj ET Q q 0 0 0 rg BT 516.82 67.65 Td (months ) Tj ET Q q 0 0 0 rg BT 542.90 67.65 Td (ended ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 81.50 58.05 Td (September ) Tj ET Q q 0 0 0 rg BT 117.71 58.05 Td (30, ) Tj ET Q q 0 0 0 rg BT 129.71 58.05 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 145.71 58.05 Td (. ) Tj ET Q q 0 0 0 rg BT 149.71 58.05 Td (Source: ) Tj ET Q q 0 0 0 rg BT 176.00 58.05 Td (Thompson ) Tj ET Q q 0 0 0 rg BT 212.23 58.05 Td (Financial ) Tj ET Q q 0 0 0 rg BT 244.00 58.05 Td (as ) Tj ET Q q 0 0 0 rg BT 252.66 58.05 Td (of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 261.32 58.05 Td (October30, ) Tj ET Q q 0 0 0 rg BT 301.09 58.05 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 317.09 58.05 Td (. ) Tj ET Q q 0 0 0 rg BT 321.09 58.05 Td ( ) Tj ET Q q 0 0 0 rg BT 322.95 58.05 Td (The ) Tj ET Q q 0 0 0 rg BT 337.38 58.05 Td (number ) Tj ET Q q 0 0 0 rg BT 363.82 58.05 Td (of ) Tj ET Q q 0 0 0 rg BT 372.48 58.05 Td (transactions ) Tj ET Q q 0 0 0 rg BT 412.70 58.05 Td (excludes ) Tj ET Q q 0 0 0 rg BT 442.68 58.05 Td (transactions ) Tj ET Q q 0 0 0 rg BT 482.89 58.05 Td (less ) Tj ET Q q 0 0 0 rg BT 496.89 58.05 Td (than ) Tj ET Q q 0 0 0 rg BT 512.67 58.05 Td ($100,000.) Tj ET Q endstream endobj 43 0 obj <> endobj 44 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (21) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 259.85 742.25 Td (Results of Operations) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 721.25 Td (Summary ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 700.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 90.84 700.25 Td (total ) Tj ET Q q 0 0 0 rg BT 111.40 700.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 149.72 700.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 160.84 700.25 Td ($44.5 ) Tj ET Q q 0 0 0 rg BT 186.13 700.25 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 215.02 700.25 Td ( ) Tj ET Q q 0 0 0 rg BT 217.81 700.25 Td (for ) Tj ET Q q 0 0 0 rg BT 232.25 700.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 247.26 700.25 Td (third ) Tj ET Q q 0 0 0 rg BT 268.93 700.25 Td (quarter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 297.25 700.25 Td ( ) Tj ET Q q 0 0 0 rg BT 300.03 700.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 311.15 700.25 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 331.15 700.25 Td ( ) Tj ET Q q 0 0 0 rg BT 333.94 700.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 376.15 700.25 Td (to ) Tj ET Q q 0 0 0 rg BT 386.71 700.25 Td (total ) Tj ET Q q 0 0 0 rg BT 407.28 700.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 445.60 700.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 456.72 700.25 Td ($62.7 ) Tj ET Q q 0 0 0 rg BT 482.00 700.25 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 510.90 700.25 Td ( ) Tj ET Q q 0 0 0 rg BT 513.68 700.25 Td (for ) Tj ET Q q 0 0 0 rg BT 528.13 700.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.13 700.25 Td (third ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 688.25 Td (quarter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 78.32 688.25 Td ( ) Tj ET Q q 0 0 0 rg BT 81.23 688.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 92.47 688.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 112.47 688.25 Td (, ) Tj ET Q q 0 0 0 rg BT 117.88 688.25 Td (which ) Tj ET Q q 0 0 0 rg BT 145.23 688.25 Td (represented ) Tj ET Q q 0 0 0 rg BT 194.23 688.25 Td (a ) Tj ET Q q 0 0 0 rg BT 201.58 688.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 238.90 688.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 250.14 688.25 Td ($18.2 ) Tj ET Q q 0 0 0 rg BT 275.56 688.25 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 304.45 688.25 Td (, ) Tj ET Q q 0 0 0 rg BT 309.86 688.25 Td (or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 321.10 688.25 Td (29%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 339.43 688.25 Td (. ) Tj ET Q q 0 0 0 rg BT 344.84 688.25 Td ( ) Tj ET Q q 0 0 0 rg BT 347.11 688.25 Td (Advisory ) Tj ET Q q 0 0 0 rg BT 387.24 688.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 425.69 688.25 Td (for ) Tj ET Q q 0 0 0 rg BT 440.26 688.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 455.39 688.25 Td (third ) Tj ET Q q 0 0 0 rg BT 477.19 688.25 Td (quarter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 505.51 688.25 Td ( ) Tj ET Q q 0 0 0 rg BT 508.42 688.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 519.66 688.25 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 539.66 688.25 Td ( ) Tj ET Q q 0 0 0 rg BT 542.57 688.25 Td (were ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 676.25 Td ($47.0 ) Tj ET Q q 0 0 0 rg BT 75.45 676.25 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.34 676.25 Td ( ) Tj ET Q q 0 0 0 rg BT 107.28 676.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 149.65 676.25 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 160.38 676.25 Td ($72.7 ) Tj ET Q q 0 0 0 rg BT 185.82 676.25 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 214.71 676.25 Td ( ) Tj ET Q q 0 0 0 rg BT 217.66 676.25 Td (for ) Tj ET Q q 0 0 0 rg BT 232.27 676.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 247.43 676.25 Td (third ) Tj ET Q q 0 0 0 rg BT 269.26 676.25 Td (quarter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 297.58 676.25 Td ( ) Tj ET Q q 0 0 0 rg BT 300.52 676.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 311.80 676.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 331.80 676.25 Td (. ) Tj ET Q q 0 0 0 rg BT 337.24 676.25 Td ( ) Tj ET Q q 0 0 0 rg BT 339.98 676.25 Td (W) Tj ET Q q 0 0 0 rg BT 348.61 676.25 Td (e ) Tj ET Q q 0 0 0 rg BT 356.00 676.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 393.92 676.25 Td (an ) Tj ET Q q 0 0 0 rg BT 406.30 676.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 453.13 676.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 471.64 676.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 482.92 676.25 Td ($2.4 ) Tj ET Q q 0 0 0 rg BT 503.36 676.25 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 532.25 676.25 Td ( ) Tj ET Q q 0 0 0 rg BT 535.20 676.25 Td (for ) Tj ET Q q 0 0 0 rg BT 549.80 676.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 664.25 Td (third ) Tj ET Q q 0 0 0 rg BT 71.53 664.25 Td (quarter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 99.85 664.25 Td ( ) Tj ET Q q 0 0 0 rg BT 102.49 664.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 113.46 664.25 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 133.46 664.25 Td ( ) Tj ET Q q 0 0 0 rg BT 136.11 664.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 178.18 664.25 Td (to ) Tj ET Q q 0 0 0 rg BT 188.60 664.25 Td (an ) Tj ET Q q 0 0 0 rg BT 200.68 664.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 247.21 664.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 265.41 664.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 276.39 664.25 Td ($10.0 ) Tj ET Q q 0 0 0 rg BT 301.53 664.25 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 330.42 664.25 Td ( ) Tj ET Q q 0 0 0 rg BT 333.07 664.25 Td (in ) Tj ET Q q 0 0 0 rg BT 343.49 664.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 358.35 664.25 Td (third ) Tj ET Q q 0 0 0 rg BT 379.88 664.25 Td (quarter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 408.20 664.25 Td ( ) Tj ET Q q 0 0 0 rg BT 410.84 664.25 Td (of ) Tj ET Q q 0 0 0 rg BT 421.81 664.25 Td (the ) Tj ET Q q 0 0 0 rg BT 436.67 664.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 458.76 664.25 Td (year) Tj ET Q q 0 0 0 rg BT 475.41 664.25 Td (. ) Tj ET Q q 0 0 0 rg BT 480.56 664.25 Td ( ) Tj ET Q q 0 0 0 rg BT 483.01 664.25 Td (The ) Tj ET Q q 0 0 0 rg BT 501.20 664.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 538.26 664.25 Td (in ) Tj ET Q q 0 0 0 rg BT 548.68 664.25 Td (our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 652.25 Td (third ) Tj ET Q q 0 0 0 rg BT 71.75 652.25 Td (quarter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 100.07 652.25 Td ( ) Tj ET Q q 0 0 0 rg BT 102.94 652.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 141.34 652.25 Td (as ) Tj ET Q q 0 0 0 rg BT 152.54 652.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 194.83 652.25 Td (to ) Tj ET Q q 0 0 0 rg BT 205.48 652.25 Td (the ) Tj ET Q q 0 0 0 rg BT 220.56 652.25 Td (same ) Tj ET Q q 0 0 0 rg BT 243.98 652.25 Td (period ) Tj ET Q q 0 0 0 rg BT 272.39 652.25 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 283.04 652.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.04 652.25 Td ( ) Tj ET Q q 0 0 0 rg BT 305.90 652.25 Td (resulted ) Tj ET Q q 0 0 0 rg BT 340.43 652.25 Td (from ) Tj ET Q q 0 0 0 rg BT 362.73 652.25 Td (a ) Tj ET Q q 0 0 0 rg BT 370.04 652.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 407.32 652.25 Td (in ) Tj ET Q q 0 0 0 rg BT 417.97 652.25 Td ( ) Tj ET Q q 0 0 0 rg BT 420.84 652.25 Td (advisory ) Tj ET Q q 0 0 0 rg BT 458.14 652.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 496.55 652.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 507.74 652.25 Td ($25.7 ) Tj ET Q q 0 0 0 rg BT 533.11 652.25 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 562.00 652.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 640.25 Td (of) Tj ET Q q 0 0 0 rg BT 58.15 640.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 75.09 640.25 Td (by ) Tj ET Q q 0 0 0 rg BT 87.59 640.25 Td (a ) Tj ET Q q 0 0 0 rg BT 94.53 640.25 Td (decline ) Tj ET Q q 0 0 0 rg BT 125.90 640.25 Td (in ) Tj ET Q q 0 0 0 rg BT 136.18 640.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 182.56 640.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 208.95 640.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 219.78 640.25 Td ($7.6 ) Tj ET Q q 0 0 0 rg BT 239.78 640.25 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 268.67 640.25 Td (. ) Tj ET Q q 0 0 0 rg BT 273.67 640.25 Td ( ) Tj ET Q q 0 0 0 rg BT 276.17 640.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 619.25 Td (For ) Tj ET Q q 0 0 0 rg BT 89.33 619.25 Td (the ) Tj ET Q q 0 0 0 rg BT 104.48 619.25 Td (nine ) Tj ET Q q 0 0 0 rg BT 124.63 619.25 Td (months ) Tj ET Q q 0 0 0 rg BT 157.01 619.25 Td (ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 183.82 619.25 Td (September30, ) Tj ET Q q 0 0 0 rg BT 244.52 619.25 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 264.52 619.25 Td (, ) Tj ET Q q 0 0 0 rg BT 269.96 619.25 Td (total ) Tj ET Q q 0 0 0 rg BT 290.66 619.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 329.14 619.25 Td (were ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 351.50 619.25 Td ($210.8 ) Tj ET Q q 0 0 0 rg BT 381.93 619.25 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 410.83 619.25 Td ( ) Tj ET Q q 0 0 0 rg BT 413.76 619.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 456.12 619.25 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 466.83 619.25 Td ($192.8 ) Tj ET Q q 0 0 0 rg BT 497.27 619.25 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.16 619.25 Td ( ) Tj ET Q q 0 0 0 rg BT 529.09 619.25 Td (over ) Tj ET Q q 0 0 0 rg BT 549.79 619.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 607.25 Td (same ) Tj ET Q q 0 0 0 rg BT 72.92 607.25 Td (year ) Tj ET Q q 0 0 0 rg BT 92.49 607.25 Td (to ) Tj ET Q q 0 0 0 rg BT 102.64 607.25 Td (date ) Tj ET Q q 0 0 0 rg BT 121.67 607.25 Td (period ) Tj ET Q q 0 0 0 rg BT 149.58 607.25 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 159.73 607.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 179.73 607.25 Td (, ) Tj ET Q q 0 0 0 rg BT 184.60 607.25 Td (which ) Tj ET Q q 0 0 0 rg BT 211.41 607.25 Td (represented ) Tj ET Q q 0 0 0 rg BT 259.86 607.25 Td (an ) Tj ET Q q 0 0 0 rg BT 271.67 607.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 306.79 607.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 317.49 607.25 Td ($18.0 ) Tj ET Q q 0 0 0 rg BT 342.36 607.25 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 371.25 607.25 Td (, ) Tj ET Q q 0 0 0 rg BT 376.12 607.25 Td (or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 386.82 607.25 Td (9%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.15 607.25 Td (. ) Tj ET Q q 0 0 0 rg BT 405.02 607.25 Td ( ) Tj ET Q q 0 0 0 rg BT 406.87 607.25 Td (Advisory ) Tj ET Q q 0 0 0 rg BT 446.46 607.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 484.37 607.25 Td (for ) Tj ET Q q 0 0 0 rg BT 498.40 607.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 512.98 607.25 Td (nine ) Tj ET Q q 0 0 0 rg BT 532.57 607.25 Td (months ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 595.25 Td (ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.88 595.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 75.82 595.25 Td (September30, ) Tj ET Q q 0 0 0 rg BT 135.53 595.25 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 155.53 595.25 Td ( ) Tj ET Q q 0 0 0 rg BT 157.48 595.25 Td (were ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 178.85 595.25 Td ($21) Tj ET Q q 0 0 0 rg BT 193.48 595.25 Td (1.5 ) Tj ET Q q 0 0 0 rg BT 207.92 595.25 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 236.81 595.25 Td ( ) Tj ET Q q 0 0 0 rg BT 238.76 595.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 280.13 595.25 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 289.85 595.25 Td ($191.2 ) Tj ET Q q 0 0 0 rg BT 319.30 595.25 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 348.19 595.25 Td ( ) Tj ET Q q 0 0 0 rg BT 350.13 595.25 Td (over ) Tj ET Q q 0 0 0 rg BT 369.85 595.25 Td (the ) Tj ET Q q 0 0 0 rg BT 384.01 595.25 Td (same ) Tj ET Q q 0 0 0 rg BT 406.50 595.25 Td (year ) Tj ET Q q 0 0 0 rg BT 425.65 595.25 Td (to ) Tj ET Q q 0 0 0 rg BT 435.37 595.25 Td (date ) Tj ET Q q 0 0 0 rg BT 453.97 595.25 Td (period ) Tj ET Q q 0 0 0 rg BT 481.47 595.25 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 491.19 595.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 511.19 595.25 Td (. ) Tj ET Q q 0 0 0 rg BT 515.63 595.25 Td ( ) Tj ET Q q 0 0 0 rg BT 517.58 595.25 Td (Investment ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 583.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 88.39 583.25 Td (for ) Tj ET Q q 0 0 0 rg BT 102.91 583.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 117.98 583.25 Td (nine ) Tj ET Q q 0 0 0 rg BT 138.06 583.25 Td (months ) Tj ET Q q 0 0 0 rg BT 170.36 583.25 Td (ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 194.24 583.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 197.09 583.25 Td (September30, ) Tj ET Q q 0 0 0 rg BT 257.71 583.25 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 277.71 583.25 Td ( ) Tj ET Q q 0 0 0 rg BT 280.57 583.25 Td (were ) Tj ET Q q 0 0 0 rg BT 302.86 583.25 Td (negative ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 339.58 583.25 Td ($0.7 ) Tj ET Q q 0 0 0 rg BT 359.94 583.25 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 388.83 583.25 Td ( ) Tj ET Q q 0 0 0 rg BT 391.69 583.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 433.97 583.25 Td (to ) Tj ET Q q 0 0 0 rg BT 444.60 583.25 Td (a ) Tj ET Q q 0 0 0 rg BT 451.90 583.25 Td (gain ) Tj ET Q q 0 0 0 rg BT 471.97 583.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 483.16 583.25 Td ($1.6 ) Tj ET Q q 0 0 0 rg BT 503.52 583.25 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 532.41 583.25 Td ( ) Tj ET Q q 0 0 0 rg BT 535.26 583.25 Td (for ) Tj ET Q q 0 0 0 rg BT 549.78 583.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 571.25 Td (same ) Tj ET Q q 0 0 0 rg BT 72.90 571.25 Td (period ) Tj ET Q q 0 0 0 rg BT 100.79 571.25 Td (in ) Tj ET Q q 0 0 0 rg BT 110.92 571.25 Td (the ) Tj ET Q q 0 0 0 rg BT 125.49 571.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 147.28 571.25 Td (year) Tj ET Q q 0 0 0 rg BT 163.93 571.25 Td (. ) Tj ET Q q 0 0 0 rg BT 168.78 571.25 Td ( ) Tj ET Q q 0 0 0 rg BT 170.96 571.25 Td (The ) Tj ET Q q 0 0 0 rg BT 188.86 571.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 223.96 571.25 Td (in ) Tj ET Q q 0 0 0 rg BT 234.09 571.25 Td (our ) Tj ET Q q 0 0 0 rg BT 249.77 571.25 Td (year ) Tj ET Q q 0 0 0 rg BT 269.33 571.25 Td (to ) Tj ET Q q 0 0 0 rg BT 279.46 571.25 Td (date ) Tj ET Q q 0 0 0 rg BT 298.46 571.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 336.35 571.25 Td (as ) Tj ET Q q 0 0 0 rg BT 347.03 571.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 388.81 571.25 Td (to ) Tj ET Q q 0 0 0 rg BT 398.93 571.25 Td (the ) Tj ET Q q 0 0 0 rg BT 413.50 571.25 Td (same ) Tj ET Q q 0 0 0 rg BT 436.40 571.25 Td (period ) Tj ET Q q 0 0 0 rg BT 464.29 571.25 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 474.42 571.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 494.42 571.25 Td ( ) Tj ET Q q 0 0 0 rg BT 496.77 571.25 Td (resulted ) Tj ET Q q 0 0 0 rg BT 530.78 571.25 Td (from ) Tj ET Q q 0 0 0 rg BT 552.57 571.25 Td (an ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 559.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 85.25 559.25 Td (in ) Tj ET Q q 0 0 0 rg BT 95.53 559.25 Td (advisory ) Tj ET Q q 0 0 0 rg BT 132.47 559.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 170.51 559.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 181.34 559.25 Td ($20.3 ) Tj ET Q q 0 0 0 rg BT 206.34 559.25 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 235.23 559.25 Td (, ) Tj ET Q q 0 0 0 rg BT 240.23 559.25 Td (of) Tj ET Q q 0 0 0 rg BT 248.38 559.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 265.32 559.25 Td (in ) Tj ET Q q 0 0 0 rg BT 275.60 559.25 Td (part ) Tj ET Q q 0 0 0 rg BT 293.64 559.25 Td (by ) Tj ET Q q 0 0 0 rg BT 306.14 559.25 Td (a ) Tj ET Q q 0 0 0 rg BT 313.08 559.25 Td (net ) Tj ET Q q 0 0 0 rg BT 327.80 559.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 364.71 559.25 Td (in ) Tj ET Q q 0 0 0 rg BT 374.99 559.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 421.37 559.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 459.41 559.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 470.24 559.25 Td ($2.3 ) Tj ET Q q 0 0 0 rg BT 490.24 559.25 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 519.13 559.25 Td (. ) Tj ET Q q 0 0 0 rg BT 524.13 559.25 Td ( ) Tj ET Q q 0 0 0 rg BT 526.63 559.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 538.25 Td (Our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 90.06 538.25 Td (third ) Tj ET Q q 0 0 0 rg BT 110.96 538.25 Td (quarter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 139.27 538.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 141.28 538.25 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 161.28 538.25 Td ( ) Tj ET Q q 0 0 0 rg BT 163.29 538.25 Td (net ) Tj ET Q q 0 0 0 rg BT 177.52 538.25 Td (income ) Tj ET Q q 0 0 0 rg BT 208.96 538.25 Td (allocated ) Tj ET Q q 0 0 0 rg BT 247.06 538.25 Td (to ) Tj ET Q q 0 0 0 rg BT 256.85 538.25 Td (common ) Tj ET Q q 0 0 0 rg BT 293.85 538.25 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 346.41 538.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 356.75 538.25 Td ($1.8 ) Tj ET Q q 0 0 0 rg BT 376.25 538.25 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 405.15 538.25 Td ( ) Tj ET Q q 0 0 0 rg BT 407.16 538.25 Td (and ) Tj ET Q q 0 0 0 rg BT 423.60 538.25 Td (diluted ) Tj ET Q q 0 0 0 rg BT 453.39 538.25 Td (earnings ) Tj ET Q q 0 0 0 rg BT 489.27 538.25 Td (per ) Tj ET Q q 0 0 0 rg BT 504.05 538.25 Td (share ) Tj ET Q q 0 0 0 rg BT 527.16 538.25 Td (of ) Tj ET Q q 0 0 0 rg BT 537.50 538.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 539.51 538.25 Td ($0.06) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 562.01 538.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 Td (compare ) Tj ET Q q 0 0 0 rg BT 87.64 526.25 Td (to ) Tj ET Q q 0 0 0 rg BT 98.64 526.25 Td (net ) Tj ET Q q 0 0 0 rg BT 114.07 526.25 Td (income ) Tj ET Q q 0 0 0 rg BT 146.72 526.25 Td (allocable ) Tj ET Q q 0 0 0 rg BT 186.03 526.25 Td (to ) Tj ET Q q 0 0 0 rg BT 197.03 526.25 Td (common ) Tj ET Q q 0 0 0 rg BT 235.24 526.25 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 289.00 526.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 300.55 526.25 Td ($8.6 ) Tj ET Q q 0 0 0 rg BT 321.27 526.25 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 350.16 526.25 Td ( ) Tj ET Q q 0 0 0 rg BT 353.38 526.25 Td (and ) Tj ET Q q 0 0 0 rg BT 371.04 526.25 Td (diluted ) Tj ET Q q 0 0 0 rg BT 402.03 526.25 Td (earnings ) Tj ET Q q 0 0 0 rg BT 439.12 526.25 Td (per ) Tj ET Q q 0 0 0 rg BT 455.11 526.25 Td (share ) Tj ET Q q 0 0 0 rg BT 479.42 526.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 490.97 526.25 Td ($0.28) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 513.47 526.25 Td ( ) Tj ET Q q 0 0 0 rg BT 516.69 526.25 Td (in ) Tj ET Q q 0 0 0 rg BT 527.69 526.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.12 526.25 Td (third ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 514.25 Td (quarter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 78.32 514.25 Td ( ) Tj ET Q q 0 0 0 rg BT 80.70 514.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 91.41 514.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 111.41 514.25 Td (. ) Tj ET Q q 0 0 0 rg BT 116.29 514.25 Td ( ) Tj ET Q q 0 0 0 rg BT 118.68 514.25 Td (On ) Tj ET Q q 0 0 0 rg BT 133.28 514.25 Td (a ) Tj ET Q q 0 0 0 rg BT 140.10 514.25 Td (year ) Tj ET Q q 0 0 0 rg BT 159.69 514.25 Td (to ) Tj ET Q q 0 0 0 rg BT 169.85 514.25 Td (date ) Tj ET Q q 0 0 0 rg BT 188.89 514.25 Td (basis, ) Tj ET Q q 0 0 0 rg BT 213.77 514.25 Td (net ) Tj ET Q q 0 0 0 rg BT 228.37 514.25 Td (income ) Tj ET Q q 0 0 0 rg BT 260.19 514.25 Td (allocable ) Tj ET Q q 0 0 0 rg BT 298.66 514.25 Td (to ) Tj ET Q q 0 0 0 rg BT 308.82 514.25 Td (common ) Tj ET Q q 0 0 0 rg BT 346.20 514.25 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 399.13 514.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 409.84 514.25 Td ($30.9 ) Tj ET Q q 0 0 0 rg BT 434.73 514.25 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 463.62 514.25 Td ( ) Tj ET Q q 0 0 0 rg BT 466.00 514.25 Td (and ) Tj ET Q q 0 0 0 rg BT 482.82 514.25 Td (diluted ) Tj ET Q q 0 0 0 rg BT 512.98 514.25 Td (earnings ) Tj ET Q q 0 0 0 rg BT 549.24 514.25 Td (per ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 502.25 Td (share ) Tj ET Q q 0 0 0 rg BT 73.41 502.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 84.06 502.25 Td ($1.03) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 106.56 502.25 Td ( ) Tj ET Q q 0 0 0 rg BT 108.88 502.25 Td (for ) Tj ET Q q 0 0 0 rg BT 122.85 502.25 Td (the ) Tj ET Q q 0 0 0 rg BT 137.39 502.25 Td (nine ) Tj ET Q q 0 0 0 rg BT 156.92 502.25 Td (months ) Tj ET Q q 0 0 0 rg BT 188.68 502.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 214.88 502.25 Td (September ) Tj ET Q q 0 0 0 rg BT 259.95 502.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 274.77 502.25 Td (2013 ) Tj ET Q q 0 0 0 rg BT 297.09 502.25 Td (compare ) Tj ET Q q 0 0 0 rg BT 333.83 502.25 Td (to ) Tj ET Q q 0 0 0 rg BT 343.92 502.25 Td (net ) Tj ET Q q 0 0 0 rg BT 358.45 502.25 Td (income ) Tj ET Q q 0 0 0 rg BT 390.20 502.25 Td (allocated ) Tj ET Q q 0 0 0 rg BT 428.61 502.25 Td (to ) Tj ET Q q 0 0 0 rg BT 438.70 502.25 Td (common ) Tj ET Q q 0 0 0 rg BT 476.01 502.25 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 528.88 502.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 539.52 502.25 Td ($27.0 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 490.25 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 78.89 490.25 Td ( ) Tj ET Q q 0 0 0 rg BT 81.39 490.25 Td (and ) Tj ET Q q 0 0 0 rg BT 98.33 490.25 Td (diluted ) Tj ET Q q 0 0 0 rg BT 128.60 490.25 Td (earnings ) Tj ET Q q 0 0 0 rg BT 164.98 490.25 Td (per ) Tj ET Q q 0 0 0 rg BT 180.25 490.25 Td (share ) Tj ET Q q 0 0 0 rg BT 203.85 490.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 214.68 490.25 Td ($0.88) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 237.18 490.25 Td ( ) Tj ET Q q 0 0 0 rg BT 239.68 490.25 Td (for ) Tj ET Q q 0 0 0 rg BT 253.84 490.25 Td (the ) Tj ET Q q 0 0 0 rg BT 268.55 490.25 Td (same ) Tj ET Q q 0 0 0 rg BT 291.60 490.25 Td (nine ) Tj ET Q q 0 0 0 rg BT 311.32 490.25 Td (month ) Tj ET Q q 0 0 0 rg BT 339.38 490.25 Td (period ) Tj ET Q q 0 0 0 rg BT 367.42 490.25 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 377.70 490.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 397.70 490.25 Td (. ) Tj ET Q q 0 0 0 rg BT 402.70 490.25 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.50 469.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 90.48 469.25 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 129.55 469.25 Td (r) Tj ET Q q 0 0 0 rg BT 133.07 469.25 Td (evenues ) Tj ET Q q 0 0 0 rg BT 166.58 469.25 Td (and ) Tj ET Q q 0 0 0 rg BT 183.44 469.25 Td (net ) Tj ET Q q 0 0 0 rg BT 197.52 469.25 Td (income ) Tj ET Q q 0 0 0 rg BT 228.26 469.25 Td (can ) Tj ET Q q 0 0 0 rg BT 244.56 469.25 Td (fluctuate ) Tj ET Q q 0 0 0 rg BT 281.41 469.25 Td (materially ) Tj ET Q q 0 0 0 rg BT 324.38 469.25 Td (depending ) Tj ET Q q 0 0 0 rg BT 367.90 469.25 Td (on ) Tj ET Q q 0 0 0 rg BT 379.76 469.25 Td (the ) Tj ET Q q 0 0 0 rg BT 393.84 469.25 Td (number ) Tj ET Q q 0 0 0 rg BT 426.25 469.25 Td (and ) Tj ET Q q 0 0 0 rg BT 443.11 469.25 Td (size ) Tj ET Q q 0 0 0 rg BT 459.97 469.25 Td (of ) Tj ET Q q 0 0 0 rg BT 469.61 469.25 Td (completed ) Tj ET Q q 0 0 0 rg BT 512.57 469.25 Td (transactions ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 457.25 Td (on ) Tj ET Q q 0 0 0 rg BT 62.39 457.25 Td (which ) Tj ET Q q 0 0 0 rg BT 88.67 457.25 Td (we ) Tj ET Q q 0 0 0 rg BT 102.17 457.25 Td (advised, ) Tj ET Q q 0 0 0 rg BT 137.61 457.25 Td (the ) Tj ET Q q 0 0 0 rg BT 152.22 457.25 Td (size ) Tj ET Q q 0 0 0 rg BT 169.61 457.25 Td (of ) Tj ET Q q 0 0 0 rg BT 179.79 457.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 224.94 457.25 Td (gains ) Tj ET Q q 0 0 0 rg BT 249.00 457.25 Td (\(or ) Tj ET Q q 0 0 0 rg BT 263.62 457.25 Td (losses\), ) Tj ET Q q 0 0 0 rg BT 295.73 457.25 Td (and ) Tj ET Q q 0 0 0 rg BT 313.13 457.25 Td (other ) Tj ET Q q 0 0 0 rg BT 336.63 457.25 Td (factors. ) Tj ET Q q 0 0 0 rg BT 369.12 457.25 Td (Accor) Tj ET Q q 0 0 0 rg BT 392.63 457.25 Td (dingly) Tj ET Q q 0 0 0 rg BT 417.07 457.25 Td (, ) Tj ET Q q 0 0 0 rg BT 421.97 457.25 Td (the ) Tj ET Q q 0 0 0 rg BT 436.58 457.25 Td (r) Tj ET Q q 0 0 0 rg BT 440.10 457.25 Td (evenues ) Tj ET Q q 0 0 0 rg BT 474.13 457.25 Td (and ) Tj ET Q q 0 0 0 rg BT 491.53 457.25 Td (net ) Tj ET Q q 0 0 0 rg BT 506.14 457.25 Td (income ) Tj ET Q q 0 0 0 rg BT 537.41 457.25 Td (in ) Tj ET Q q 0 0 0 rg BT 547.58 457.25 Td (any ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 445.25 Td (particular ) Tj ET Q q 0 0 0 rg BT 93.06 445.25 Td (period ) Tj ET Q q 0 0 0 rg BT 121.67 445.25 Td (may ) Tj ET Q q 0 0 0 rg BT 140.83 445.25 Td (not ) Tj ET Q q 0 0 0 rg BT 156.10 445.25 Td (be ) Tj ET Q q 0 0 0 rg BT 168.04 445.25 Td (indicative ) Tj ET Q q 0 0 0 rg BT 209.97 445.25 Td (of ) Tj ET Q q 0 0 0 rg BT 220.25 445.25 Td (futur) Tj ET Q q 0 0 0 rg BT 239.33 445.25 Td (e ) Tj ET Q q 0 0 0 rg BT 246.26 445.25 Td (r) Tj ET Q q 0 0 0 rg BT 249.79 445.25 Td (esults. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 424.25 Td (Revenues ) Tj ET Q q 0 0 0 rg BT 93.05 424.25 Td (by ) Tj ET Q q 0 0 0 rg BT 106.11 424.25 Td (Sour) Tj ET Q q 0 0 0 rg BT 126.49 424.25 Td (ce) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 403.25 Td (The ) Tj ET Q q 0 0 0 rg BT 90.37 403.25 Td (following ) Tj ET Q q 0 0 0 rg BT 131.59 403.25 Td (provides ) Tj ET Q q 0 0 0 rg BT 168.35 403.25 Td (a ) Tj ET Q q 0 0 0 rg BT 175.12 403.25 Td (breakdown ) Tj ET Q q 0 0 0 rg BT 221.87 403.25 Td (of ) Tj ET Q q 0 0 0 rg BT 232.53 403.25 Td (total ) Tj ET Q q 0 0 0 rg BT 252.63 403.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 290.49 403.25 Td (by ) Tj ET Q q 0 0 0 rg BT 302.82 403.25 Td (source ) Tj ET Q q 0 0 0 rg BT 331.25 403.25 Td (for ) Tj ET Q q 0 0 0 rg BT 345.23 403.25 Td (the ) Tj ET Q q 0 0 0 rg BT 359.78 403.25 Td (three ) Tj ET Q q 0 0 0 rg BT 382.09 403.25 Td (and ) Tj ET Q q 0 0 0 rg BT 398.85 403.25 Td (nine ) Tj ET Q q 0 0 0 rg BT 418.40 403.25 Td (month ) Tj ET Q q 0 0 0 rg BT 446.28 403.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 478.04 403.25 Td (ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 504.25 403.25 Td (September30, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 391.25 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.00 391.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.50 391.25 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 89.44 391.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 109.44 391.25 Td (, ) Tj ET Q q 0 0 0 rg BT 114.44 391.25 Td (respectively: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 315.75 320.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 315.75 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 315.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 315.75 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.50 315.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 315.75 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 315.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.50 315.75 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 287.75 320.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 287.75 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 287.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 287.75 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.50 287.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 287.75 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 287.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.50 287.75 45.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 357.75 m 414.5 357.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 357.75 m 418.5 357.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 357.75 m 463.5 357.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 357.75 m 467.5 357.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 357.75 m 512.5 357.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 357.75 m 516.5 357.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516.5 357.75 m 561.5 357.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 357.75 m 414.5 357.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 343.75 m 414.5 343.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 357.75 m 418.5 357.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 343.75 m 418.5 343.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 357.75 m 463.5 357.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 343.75 m 463.5 343.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 357.75 m 467.5 357.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 357.75 m 512.5 357.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 343.75 m 512.5 343.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 357.75 m 516.5 357.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 343.75 m 516.5 343.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516.5 357.75 m 561.5 357.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516.5 343.75 m 561.5 343.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 343.75 m 414.5 343.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 329.75 m 414.5 329.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 343.75 m 418.5 343.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 343.75 m 463.5 343.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 329.75 m 463.5 329.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 343.75 m 512.5 343.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 329.75 m 512.5 329.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 343.75 m 516.5 343.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516.5 343.75 m 561.5 343.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516.5 329.75 m 561.5 329.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 287.75 m 414.5 287.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 287.75 m 463.5 287.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 287.75 m 512.5 287.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516.5 287.75 m 561.5 287.75 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 415.20 361.98 Td (For the Three Months Ended) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 382.60 347.98 Td (September 30, 2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 480.60 347.98 Td (September 30, 2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 377.45 333.98 Td (Amount) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 422.45 333.98 Td (% of Total) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 475.45 333.98 Td (Amount) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 520.45 333.98 Td (% of Total) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 425.05 319.98 Td (\(in millions, unaudited\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 306.32 Td (Advisory revenues) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 372.00 306.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 393.15 306.32 Td (47.0) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 436.30 306.32 Td (105) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 454.65 306.32 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 470.00 306.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 491.15 306.32 Td (72.7) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 534.30 306.32 Td (116) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 552.65 306.32 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 292.32 Td (Investment revenues) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 394.80 292.37 Td (\(2.4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 410.65 292.32 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 442.95 292.32 Td (\(5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 451.30 292.32 Td (\)%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 487.80 292.37 Td (\(10.0) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 508.65 292.32 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.95 292.32 Td (\(16) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 549.30 292.32 Td (\)%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 278.32 Td (Total revenues) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 372.00 278.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 393.15 278.32 Td (44.6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 436.30 278.32 Td (100) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 454.65 278.32 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 470.00 278.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 491.15 278.32 Td (62.7) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 534.30 278.32 Td (100) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 552.65 278.32 Td (%) Tj ET Q BT /F2 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 203.75 318.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 203.75 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 203.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 203.75 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 203.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 203.75 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 203.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 203.75 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 557.50 203.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 173.75 318.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 173.75 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 173.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 173.75 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 173.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 173.75 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 173.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 173.75 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 557.50 173.75 4.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 242.75 m 412.5 242.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 242.75 m 416.5 242.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 242.75 m 460.5 242.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460.5 242.75 m 464.5 242.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 242.75 m 509.5 242.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 242.75 m 513.5 242.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 242.75 m 557.5 242.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 557.5 242.75 m 561.5 242.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 229.75 m 412.5 229.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 229.75 m 416.5 229.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 229.75 m 460.5 229.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 229.75 m 509.5 229.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 229.75 m 513.5 229.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 229.75 m 557.5 229.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 229.75 m 412.5 229.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 216.75 m 412.5 216.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 229.75 m 416.5 229.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 229.75 m 460.5 229.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 216.75 m 460.5 216.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 229.75 m 509.5 229.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 216.75 m 509.5 216.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 229.75 m 513.5 229.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 229.75 m 557.5 229.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 216.75 m 557.5 216.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 173.75 m 412.5 173.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 173.75 m 460.5 173.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 173.75 m 509.5 173.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 173.75 m 557.5 173.75 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 416.25 246.98 Td (For the Nine Months Ended) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 380.10 233.98 Td (September 30, 2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 477.10 233.98 Td (September 30, 2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 375.45 220.98 Td (Amount) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 419.95 220.98 Td (% of Total) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 472.45 220.98 Td (Amount) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 516.95 220.98 Td (% of Total) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 424.05 207.98 Td (\(in millions, unaudited\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 194.32 Td (Advisory revenues) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 370.00 193.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 386.15 193.42 Td (211.5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 433.30 193.42 Td (100) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 451.65 193.42 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.00 193.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 483.15 193.42 Td (191.2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 538.65 193.42 Td (99) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 193.42 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 179.32 Td (Investment revenues) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 392.80 178.47 Td (\(0.7) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 408.65 178.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 438.30 178.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 451.65 178.42 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 493.15 178.42 Td (1.6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 178.42 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 178.42 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 164.32 Td (Total revenues) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 370.00 163.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 386.15 163.42 Td (210.8) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 433.30 163.42 Td (100) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 451.65 163.42 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.00 163.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 483.15 163.42 Td (192.8) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 533.65 163.42 Td (100) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 163.42 Td (%) Tj ET Q BT /F2 10.00 Tf ET BT /F5 10.00 Tf ET q 0 0 0 rg BT 50.00 126.25 Td (Advisory ) Tj ET Q q 0 0 0 rg BT 88.61 126.25 Td (Revenues) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 109.75 Td (Advisory ) Tj ET Q q 0 0 0 rg BT 116.75 109.75 Td (revenues ) Tj ET Q q 0 0 0 rg BT 154.82 109.75 Td (primarily ) Tj ET Q q 0 0 0 rg BT 194.56 109.75 Td (consist ) Tj ET Q q 0 0 0 rg BT 224.87 109.75 Td (of ) Tj ET Q q 0 0 0 rg BT 235.73 109.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 273.24 109.75 Td (advisory ) Tj ET Q q 0 0 0 rg BT 310.20 109.75 Td (and ) Tj ET Q q 0 0 0 rg BT 327.17 109.75 Td (transaction ) Tj ET Q q 0 0 0 rg BT 373.57 109.75 Td (related ) Tj ET Q q 0 0 0 rg BT 403.30 109.75 Td (fees ) Tj ET Q q 0 0 0 rg BT 421.93 109.75 Td (earned ) Tj ET Q q 0 0 0 rg BT 451.11 109.75 Td (in ) Tj ET Q q 0 0 0 rg BT 461.41 109.75 Td (connection ) Tj ET Q q 0 0 0 rg BT 507.82 109.75 Td (with ) Tj ET Q q 0 0 0 rg BT 528.12 109.75 Td (advising ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 97.75 Td (clients ) Tj ET Q q 0 0 0 rg BT 79.19 97.75 Td (in ) Tj ET Q q 0 0 0 rg BT 90.06 97.75 Td (mer) Tj ET Q q 0 0 0 rg BT 105.43 97.75 Td (gers, ) Tj ET Q q 0 0 0 rg BT 127.68 97.75 Td (acquisitions, ) Tj ET Q q 0 0 0 rg BT 181.04 97.75 Td (financings, ) Tj ET Q q 0 0 0 rg BT 228.29 97.75 Td (restructurings, ) Tj ET Q q 0 0 0 rg BT 288.86 97.75 Td (capital ) Tj ET Q q 0 0 0 rg BT 318.60 97.75 Td (raisings ) Tj ET Q q 0 0 0 rg BT 352.80 97.75 Td (or ) Tj ET Q q 0 0 0 rg BT 364.22 97.75 Td (similar ) Tj ET Q q 0 0 0 rg BT 395.08 97.75 Td (transactions. ) Tj ET Q q 0 0 0 rg BT 448.44 97.75 Td () Tj ET Q q 0 0 0 rg BT 450.76 97.75 Td (W) Tj ET Q q 0 0 0 rg BT 459.39 97.75 Td (e ) Tj ET Q q 0 0 0 rg BT 466.92 97.75 Td (earned ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 496.66 97.75 Td ($47.0 ) Tj ET Q q 0 0 0 rg BT 522.25 97.75 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 551.14 97.75 Td ( ) Tj ET Q q 0 0 0 rg BT 554.23 97.75 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 85.75 Td (advisory ) Tj ET Q q 0 0 0 rg BT 87.33 85.75 Td (revenues ) Tj ET Q q 0 0 0 rg BT 125.76 85.75 Td (in ) Tj ET Q q 0 0 0 rg BT 136.43 85.75 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 151.54 85.75 Td (third ) Tj ET Q q 0 0 0 rg BT 173.32 85.75 Td (quarter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 201.64 85.75 Td ( ) Tj ET Q q 0 0 0 rg BT 204.53 85.75 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 215.75 85.75 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 235.75 85.75 Td ( ) Tj ET Q q 0 0 0 rg BT 238.65 85.75 Td (compared ) Tj ET Q q 0 0 0 rg BT 280.96 85.75 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 291.64 85.75 Td ($72.7 ) Tj ET Q q 0 0 0 rg BT 317.03 85.75 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 345.92 85.75 Td ( ) Tj ET Q q 0 0 0 rg BT 348.81 85.75 Td (in ) Tj ET Q q 0 0 0 rg BT 359.48 85.75 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 374.59 85.75 Td (third ) Tj ET Q q 0 0 0 rg BT 396.37 85.75 Td (quarter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 424.69 85.75 Td ( ) Tj ET Q q 0 0 0 rg BT 427.58 85.75 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 438.81 85.75 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 458.81 85.75 Td (, ) Tj ET Q q 0 0 0 rg BT 464.20 85.75 Td (a ) Tj ET Q q 0 0 0 rg BT 471.53 85.75 Td (decrease ) Tj ET Q q 0 0 0 rg BT 508.84 85.75 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 520.06 85.75 Td (35%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 538.39 85.75 Td (. ) Tj ET Q q 0 0 0 rg BT 543.78 85.75 Td ( ) Tj ET Q q 0 0 0 rg BT 546.47 85.75 Td (The ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 73.75 Td (decrease ) Tj ET Q q 0 0 0 rg BT 87.75 73.75 Td (in ) Tj ET Q q 0 0 0 rg BT 98.86 73.75 Td (advisory ) Tj ET Q q 0 0 0 rg BT 136.63 73.75 Td (revenues ) Tj ET Q q 0 0 0 rg BT 175.49 73.75 Td (in ) Tj ET Q q 0 0 0 rg BT 186.60 73.75 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 202.15 73.75 Td (third ) Tj ET Q q 0 0 0 rg BT 224.37 73.75 Td (quarter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 252.69 73.75 Td ( ) Tj ET Q q 0 0 0 rg BT 256.02 73.75 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 267.68 73.75 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 287.68 73.75 Td ( ) Tj ET Q q 0 0 0 rg BT 291.01 73.75 Td (as ) Tj ET Q q 0 0 0 rg BT 302.67 73.75 Td (compared ) Tj ET Q q 0 0 0 rg BT 345.43 73.75 Td (to ) Tj ET Q q 0 0 0 rg BT 356.54 73.75 Td (the ) Tj ET Q q 0 0 0 rg BT 372.09 73.75 Td (same ) Tj ET Q q 0 0 0 rg BT 395.96 73.75 Td (period ) Tj ET Q q 0 0 0 rg BT 424.84 73.75 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 435.95 73.75 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 455.95 73.75 Td ( ) Tj ET Q q 0 0 0 rg BT 459.28 73.75 Td (resulted ) Tj ET Q q 0 0 0 rg BT 494.27 73.75 Td (primarily ) Tj ET Q q 0 0 0 rg BT 534.81 73.75 Td (from ) Tj ET Q q 0 0 0 rg BT 557.58 73.75 Td (a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 61.75 Td (decrease ) Tj ET Q q 0 0 0 rg BT 86.91 61.75 Td (in ) Tj ET Q q 0 0 0 rg BT 97.19 61.75 Td (transaction ) Tj ET Q q 0 0 0 rg BT 143.56 61.75 Td (advisory ) Tj ET Q q 0 0 0 rg BT 180.50 61.75 Td (fees ) Tj ET Q q 0 0 0 rg BT 199.10 61.75 Td (due ) Tj ET Q q 0 0 0 rg BT 216.04 61.75 Td (to ) Tj ET Q q 0 0 0 rg BT 226.32 61.75 Td (fewer ) Tj ET Q q 0 0 0 rg BT 251.58 61.75 Td (announced ) Tj ET Q q 0 0 0 rg BT 297.39 61.75 Td (and ) Tj ET Q q 0 0 0 rg BT 314.33 61.75 Td (completed ) Tj ET Q q 0 0 0 rg BT 358.48 61.75 Td (assignments.) Tj ET Q endstream endobj 45 0 obj <> endobj 46 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (22) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 742.10 Td (For ) Tj ET Q q 0 0 0 rg BT 92.99 742.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 107.30 742.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 126.61 742.10 Td (months ) Tj ET Q q 0 0 0 rg BT 158.15 742.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 184.12 742.10 Td (September ) Tj ET Q q 0 0 0 rg BT 228.98 742.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 243.58 742.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 263.58 742.10 Td (, ) Tj ET Q q 0 0 0 rg BT 268.17 742.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 304.71 742.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 342.34 742.10 Td (were ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 363.86 742.10 Td ($21) Tj ET Q q 0 0 0 rg BT 378.49 742.10 Td (1.5 ) Tj ET Q q 0 0 0 rg BT 393.08 742.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.98 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 424.07 742.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 465.59 742.10 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 475.46 742.10 Td ($191.2 ) Tj ET Q q 0 0 0 rg BT 505.06 742.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 533.95 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 536.04 742.10 Td (for ) Tj ET Q q 0 0 0 rg BT 549.80 742.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (comparable ) Tj ET Q q 0 0 0 rg BT 99.95 730.10 Td (period ) Tj ET Q q 0 0 0 rg BT 128.80 730.10 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 139.89 730.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 159.89 730.10 Td (, ) Tj ET Q q 0 0 0 rg BT 165.69 730.10 Td (an ) Tj ET Q q 0 0 0 rg BT 178.44 730.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 214.50 730.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 226.14 730.10 Td (1) Tj ET Q q 0 0 0 rg BT 230.77 730.10 Td (1%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 244.10 730.10 Td (. ) Tj ET Q q 0 0 0 rg BT 249.90 730.10 Td ( ) Tj ET Q q 0 0 0 rg BT 252.97 730.10 Td (This ) Tj ET Q q 0 0 0 rg BT 274.06 730.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 310.12 730.10 Td (resulted ) Tj ET Q q 0 0 0 rg BT 345.08 730.10 Td (principally ) Tj ET Q q 0 0 0 rg BT 391.71 730.10 Td (from ) Tj ET Q q 0 0 0 rg BT 414.45 730.10 Td (an ) Tj ET Q q 0 0 0 rg BT 427.20 730.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 463.26 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 474.35 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 489.87 730.10 Td (size ) Tj ET Q q 0 0 0 rg BT 508.72 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 520.36 730.10 Td (completed ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (assignments ) Tj ET Q q 0 0 0 rg BT 101.81 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 119.17 718.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 163.18 718.10 Td (fees, ) Tj ET Q q 0 0 0 rg BT 184.70 718.10 Td (of) Tj ET Q q 0 0 0 rg BT 192.85 718.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 210.21 718.10 Td (in ) Tj ET Q q 0 0 0 rg BT 220.91 718.10 Td (part ) Tj ET Q q 0 0 0 rg BT 239.38 718.10 Td (by ) Tj ET Q q 0 0 0 rg BT 252.30 718.10 Td (a ) Tj ET Q q 0 0 0 rg BT 259.66 718.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 297.00 718.10 Td (in ) Tj ET Q q 0 0 0 rg BT 307.70 718.10 Td (announcement ) Tj ET Q q 0 0 0 rg BT 368.93 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 386.29 718.10 Td (opinion ) Tj ET Q q 0 0 0 rg BT 419.77 718.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 438.79 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 456.15 718.10 Td (retainer ) Tj ET Q q 0 0 0 rg BT 489.60 718.10 Td (fees. ) Tj ET Q q 0 0 0 rg BT 511.12 718.10 Td ( ) Tj ET Q q 0 0 0 rg BT 513.40 718.10 Td (At ) Tj ET Q q 0 0 0 rg BT 526.32 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 541.46 718.10 Td (same ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (time, ) Tj ET Q q 0 0 0 rg BT 71.96 706.10 Td (for ) Tj ET Q q 0 0 0 rg BT 85.30 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 99.20 706.10 Td (first ) Tj ET Q q 0 0 0 rg BT 116.99 706.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 135.89 706.10 Td (months ) Tj ET Q q 0 0 0 rg BT 167.02 706.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 177.03 706.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 197.03 706.10 Td ( ) Tj ET Q q 0 0 0 rg BT 198.71 706.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 239.82 706.10 Td (to ) Tj ET Q q 0 0 0 rg BT 249.28 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 263.18 706.10 Td (same ) Tj ET Q q 0 0 0 rg BT 285.41 706.10 Td (period ) Tj ET Q q 0 0 0 rg BT 312.63 706.10 Td (in ) Tj ET Q q 0 0 0 rg BT 322.09 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 335.99 706.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 357.11 706.10 Td (year) Tj ET Q q 0 0 0 rg BT 373.92 706.10 Td (, ) Tj ET Q q 0 0 0 rg BT 378.10 706.10 Td (worldwide ) Tj ET Q q 0 0 0 rg BT 422.55 706.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 465.89 706.10 Td (M&A) Tj ET Q q 0 0 0 rg BT 489.23 706.10 Td ( ) Tj ET Q q 0 0 0 rg BT 490.91 706.10 Td (volume ) Tj ET Q q 0 0 0 rg BT 522.59 706.10 Td (decreased ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (by ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 62.67 694.10 Td (1%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 76.00 694.10 Td (, ) Tj ET Q q 0 0 0 rg BT 81.17 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 96.06 694.10 Td (number ) Tj ET Q q 0 0 0 rg BT 129.28 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 140.29 694.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 184.61 694.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 235.04 694.10 Td (decreased ) Tj ET Q q 0 0 0 rg BT 277.13 694.10 Td (by ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 289.80 694.10 Td (13%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 308.13 694.10 Td ( ) Tj ET Q q 0 0 0 rg BT 310.81 694.10 Td (and ) Tj ET Q q 0 0 0 rg BT 327.92 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 342.81 694.10 Td (number ) Tj ET Q q 0 0 0 rg BT 376.02 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 387.03 694.10 Td ($1 ) Tj ET Q q 0 0 0 rg BT 399.70 694.10 Td (billion ) Tj ET Q q 0 0 0 rg BT 428.49 694.10 Td (or ) Tj ET Q q 0 0 0 rg BT 439.49 694.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 469.91 694.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 514.24 694.10 Td (transactions ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (decreased ) Tj ET Q q 0 0 0 rg BT 91.91 682.10 Td (by ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.41 682.10 Td (15%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.74 682.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 125.24 686.63 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 664.10 Td (During ) Tj ET Q q 0 0 0 rg BT 108.05 664.10 Td (each ) Tj ET Q q 0 0 0 rg BT 129.08 664.10 Td (of ) Tj ET Q q 0 0 0 rg BT 140.13 664.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 155.06 664.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 175.00 664.10 Td (months ) Tj ET Q q 0 0 0 rg BT 207.16 664.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 233.76 664.10 Td (September ) Tj ET Q q 0 0 0 rg BT 279.24 664.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 294.45 664.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 314.45 664.10 Td ( ) Tj ET Q q 0 0 0 rg BT 317.17 664.10 Td (and ) Tj ET Q q 0 0 0 rg BT 334.33 664.10 Td (2012, ) Tj ET Q q 0 0 0 rg BT 359.54 664.10 Td (we ) Tj ET Q q 0 0 0 rg BT 373.92 664.10 Td (earned ) Tj ET Q q 0 0 0 rg BT 403.28 664.10 Td ($1 ) Tj ET Q q 0 0 0 rg BT 416.00 664.10 Td (million ) Tj ET Q q 0 0 0 rg BT 447.61 664.10 Td (or ) Tj ET Q q 0 0 0 rg BT 458.66 664.10 Td (more ) Tj ET Q q 0 0 0 rg BT 481.92 664.10 Td (from ) Tj ET Q q 0 0 0 rg BT 504.08 664.10 Td (48 ) Tj ET Q q 0 0 0 rg BT 516.79 664.10 Td (clients. ) Tj ET Q q 0 0 0 rg BT 548.12 664.10 Td (For ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 652.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.54 652.10 Td (year ) Tj ET Q q 0 0 0 rg BT 84.07 652.10 Td (to ) Tj ET Q q 0 0 0 rg BT 94.17 652.10 Td (date ) Tj ET Q q 0 0 0 rg BT 113.14 652.10 Td (period ) Tj ET Q q 0 0 0 rg BT 141.01 652.10 Td (ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 167.21 652.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 227.30 652.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 247.30 652.10 Td (, ) Tj ET Q q 0 0 0 rg BT 252.12 652.10 Td (as ) Tj ET Q q 0 0 0 rg BT 262.77 652.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 304.52 652.10 Td (to ) Tj ET Q q 0 0 0 rg BT 314.62 652.10 Td (the ) Tj ET Q q 0 0 0 rg BT 329.16 652.10 Td (same ) Tj ET Q q 0 0 0 rg BT 352.02 652.10 Td (period ) Tj ET Q q 0 0 0 rg BT 379.89 652.10 Td (in ) Tj ET Q q 0 0 0 rg BT 389.99 652.10 Td (2012, ) Tj ET Q q 0 0 0 rg BT 414.81 652.10 Td (we ) Tj ET Q q 0 0 0 rg BT 428.80 652.10 Td (generated ) Tj ET Q q 0 0 0 rg BT 469.98 652.10 Td (a ) Tj ET Q q 0 0 0 rg BT 476.74 652.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 506.82 652.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 538.02 652.10 Td (of ) Tj ET Q q 0 0 0 rg BT 548.68 652.10 Td (our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 640.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 86.45 640.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 124.00 640.10 Td (from ) Tj ET Q q 0 0 0 rg BT 145.45 640.10 Td (M&A) Tj ET Q q 0 0 0 rg BT 168.79 640.10 Td ( ) Tj ET Q q 0 0 0 rg BT 170.80 640.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 216.68 640.10 Td (activity ) Tj ET Q q 0 0 0 rg BT 248.68 640.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 290.12 640.10 Td (to ) Tj ET Q q 0 0 0 rg BT 299.90 640.10 Td (other ) Tj ET Q q 0 0 0 rg BT 322.46 640.10 Td (sources ) Tj ET Q q 0 0 0 rg BT 354.46 640.10 Td (of ) Tj ET Q q 0 0 0 rg BT 364.80 640.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 398.46 640.10 Td (with ) Tj ET Q q 0 0 0 rg BT 418.25 640.10 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 471.35 640.10 Td (and ) Tj ET Q q 0 0 0 rg BT 487.80 640.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 527.58 640.10 Td (advisory ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 628.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 75.68 628.10 Td (in ) Tj ET Q q 0 0 0 rg BT 86.36 628.10 Td (the ) Tj ET Q q 0 0 0 rg BT 101.48 628.10 Td (first ) Tj ET Q q 0 0 0 rg BT 120.50 628.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 140.62 628.10 Td (months ) Tj ET Q q 0 0 0 rg BT 172.98 628.10 Td (of ) Tj ET Q q 0 0 0 rg BT 184.21 628.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 207.12 628.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 249.45 628.10 Td (to ) Tj ET Q q 0 0 0 rg BT 260.14 628.10 Td (the ) Tj ET Q q 0 0 0 rg BT 275.26 628.10 Td (same ) Tj ET Q q 0 0 0 rg BT 298.71 628.10 Td (period ) Tj ET Q q 0 0 0 rg BT 327.17 628.10 Td (in ) Tj ET Q q 0 0 0 rg BT 337.85 628.10 Td (2012 ) Tj ET Q q 0 0 0 rg BT 360.76 628.10 Td (and ) Tj ET Q q 0 0 0 rg BT 378.10 628.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 399.34 628.10 Td (placement ) Tj ET Q q 0 0 0 rg BT 443.34 628.10 Td (activity ) Tj ET Q q 0 0 0 rg BT 476.23 628.10 Td (comparable ) Tj ET Q q 0 0 0 rg BT 525.78 628.10 Td (period ) Tj ET Q q 0 0 0 rg BT 554.23 628.10 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 616.10 Td (period. ) Tj ET Q q 0 0 0 rg BT 80.55 616.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 592.10 Td (Completed assignments in the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 172.76 592.10 Td (third quarter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 222.47 592.10 Td ( of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 235.80 592.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 255.80 592.10 Td ( included:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 568.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 568.10 Td (the ) Tj ET Q q 0 0 0 rg BT 100.72 568.10 Td (representation ) Tj ET Q q 0 0 0 rg BT 159.86 568.10 Td (of ) Tj ET Q q 0 0 0 rg BT 170.14 568.10 Td (American ) Tj ET Q q 0 0 0 rg BT 212.06 568.10 Td (Roads, ) Tj ET Q q 0 0 0 rg BT 242.06 568.10 Td (LLC ) Tj ET Q q 0 0 0 rg BT 263.45 568.10 Td (in ) Tj ET Q q 0 0 0 rg BT 273.72 568.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 320.10 568.10 Td (with ) Tj ET Q q 0 0 0 rg BT 340.38 568.10 Td (its ) Tj ET Q q 0 0 0 rg BT 352.32 568.10 Td (pre-arranged ) Tj ET Q q 0 0 0 rg BT 405.90 568.10 Td (Chapter ) Tj ET Q q 0 0 0 rg BT 440.05 568.10 Td (1) Tj ET Q q 0 0 0 rg BT 444.68 568.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 452.18 568.10 Td (proceedings;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 544.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 544.10 Td (the ) Tj ET Q q 0 0 0 rg BT 100.72 544.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 133.75 544.10 Td (sheet ) Tj ET Q q 0 0 0 rg BT 156.80 544.10 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 210.39 544.10 Td (of ) Tj ET Q q 0 0 0 rg BT 221.22 544.10 Td (CPP) Tj ET Q q 0 0 0 rg BT 238.64 544.10 Td ( ) Tj ET Q q 0 0 0 rg BT 241.14 544.10 Td (Group ) Tj ET Q q 0 0 0 rg BT 269.19 544.10 Td (plc;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 520.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 520.10 Td (the ) Tj ET Q q 0 0 0 rg BT 100.72 520.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 118.76 520.10 Td (of ) Tj ET Q q 0 0 0 rg BT 129.59 520.10 Td (Dentsu ) Tj ET Q q 0 0 0 rg BT 160.42 520.10 Td (Inc.'s ) Tj ET Q q 0 0 0 rg BT 183.89 520.10 Td (retail ) Tj ET Q q 0 0 0 rg BT 206.93 520.10 Td (data ) Tj ET Q q 0 0 0 rg BT 226.08 520.10 Td (analytics ) Tj ET Q q 0 0 0 rg BT 264.13 520.10 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 307.18 520.10 Td (Aztec, ) Tj ET Q q 0 0 0 rg BT 335.50 520.10 Td (to ) Tj ET Q q 0 0 0 rg BT 345.78 520.10 Td (IRI;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 496.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 496.10 Td (the ) Tj ET Q q 0 0 0 rg BT 100.72 496.10 Td (mer) Tj ET Q q 0 0 0 rg BT 116.08 496.10 Td (ger ) Tj ET Q q 0 0 0 rg BT 131.35 496.10 Td (of ) Tj ET Q q 0 0 0 rg BT 142.18 496.10 Td (Det ) Tj ET Q q 0 0 0 rg BT 159.12 496.10 Td (Norske ) Tj ET Q q 0 0 0 rg BT 190.32 496.10 Td (V) Tj ET Q q 0 0 0 rg BT 196.43 496.10 Td (eritas ) Tj ET Q q 0 0 0 rg BT 220.59 496.10 Td (of ) Tj ET Q q 0 0 0 rg BT 231.42 496.10 Td (Norway ) Tj ET Q q 0 0 0 rg BT 266.13 496.10 Td (with ) Tj ET Q q 0 0 0 rg BT 286.41 496.10 Td (Germanischer ) Tj ET Q q 0 0 0 rg BT 344.99 496.10 Td (Lloyd ) Tj ET Q q 0 0 0 rg BT 371.38 496.10 Td (of ) Tj ET Q q 0 0 0 rg BT 382.21 496.10 Td (Germany;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 472.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 472.10 Td (the ) Tj ET Q q 0 0 0 rg BT 100.72 472.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 118.76 472.10 Td (of ) Tj ET Q q 0 0 0 rg BT 129.59 472.10 Td (Elders ) Tj ET Q q 0 0 0 rg BT 157.64 472.10 Td (Limited's ) Tj ET Q q 0 0 0 rg BT 197.49 472.10 Td (Futuris ) Tj ET Q q 0 0 0 rg BT 227.78 472.10 Td (Automotive ) Tj ET Q q 0 0 0 rg BT 278.06 472.10 Td (to ) Tj ET Q q 0 0 0 rg BT 288.33 472.10 Td (Clearlake ) Tj ET Q q 0 0 0 rg BT 329.14 472.10 Td (Capital;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 448.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 448.10 Td (the ) Tj ET Q q 0 0 0 rg BT 100.04 448.10 Td (representation ) Tj ET Q q 0 0 0 rg BT 158.50 448.10 Td (of ) Tj ET Q q 0 0 0 rg BT 168.66 448.10 Td ( ) Tj ET Q q 0 0 0 rg BT 170.48 448.10 Td (Schenck ) Tj ET Q q 0 0 0 rg BT 206.18 448.10 Td (Process ) Tj ET Q q 0 0 0 rg BT 238.55 448.10 Td (Holding ) Tj ET Q q 0 0 0 rg BT 273.15 448.10 Td (GmbH ) Tj ET Q q 0 0 0 rg BT 302.20 448.10 Td (on ) Tj ET Q q 0 0 0 rg BT 314.02 448.10 Td (the ) Tj ET Q q 0 0 0 rg BT 328.06 448.10 Td (refinancing ) Tj ET Q q 0 0 0 rg BT 375.42 448.10 Td ( ) Tj ET Q q 0 0 0 rg BT 377.24 448.10 Td (of ) Tj ET Q q 0 0 0 rg BT 387.39 448.10 Td (its ) Tj ET Q q 0 0 0 rg BT 398.66 448.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 432.15 448.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 458.41 448.10 Td (and ) Tj ET Q q 0 0 0 rg BT 474.67 448.10 Td (mezzanine ) Tj ET Q q 0 0 0 rg BT 519.24 448.10 Td (syndicated ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 436.10 Td (facilities; ) Tj ET Q q 0 0 0 rg BT 125.71 436.10 Td (and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 412.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 412.10 Td (the ) Tj ET Q q 0 0 0 rg BT 100.72 412.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 118.76 412.10 Td (by ) Tj ET Q q 0 0 0 rg BT 131.26 412.10 Td (Suncorp ) Tj ET Q q 0 0 0 rg BT 167.09 412.10 Td (Group ) Tj ET Q q 0 0 0 rg BT 195.15 412.10 Td (Ltd ) Tj ET Q q 0 0 0 rg BT 214.03 412.10 Td (of ) Tj ET Q q 0 0 0 rg BT 224.86 412.10 Td (a ) Tj ET Q q 0 0 0 rg BT 231.80 412.10 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 269.30 412.10 Td (of ) Tj ET Q q 0 0 0 rg BT 280.13 412.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 320.38 412.10 Td (and ) Tj ET Q q 0 0 0 rg BT 337.32 412.10 Td (property ) Tj ET Q q 0 0 0 rg BT 373.70 412.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 397.30 412.10 Td (to ) Tj ET Q q 0 0 0 rg BT 407.58 412.10 Td (Goldman ) Tj ET Q q 0 0 0 rg BT 447.30 412.10 Td (Sachs ) Tj ET Q q 0 0 0 rg BT 473.13 412.10 Td (Group ) Tj ET Q q 0 0 0 rg BT 501.18 412.10 Td (Inc.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 385.70 Td (During ) Tj ET Q q 0 0 0 rg BT 80.62 385.70 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.12 385.70 Td (third ) Tj ET Q q 0 0 0 rg BT 116.29 385.70 Td (quarter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 144.61 385.70 Td ( ) Tj ET Q q 0 0 0 rg BT 146.90 385.70 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 157.51 385.70 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 177.51 385.70 Td (, ) Tj ET Q q 0 0 0 rg BT 182.30 385.70 Td (our ) Tj ET Q q 0 0 0 rg BT 197.92 385.70 Td (capital ) Tj ET Q q 0 0 0 rg BT 226.85 385.70 Td (advisory ) Tj ET Q q 0 0 0 rg BT 263.58 385.70 Td (group ) Tj ET Q q 0 0 0 rg BT 289.19 385.70 Td (served ) Tj ET Q q 0 0 0 rg BT 317.58 385.70 Td (as ) Tj ET Q q 0 0 0 rg BT 328.20 385.70 Td (global ) Tj ET Q q 0 0 0 rg BT 355.48 385.70 Td (placement ) Tj ET Q q 0 0 0 rg BT 398.85 385.70 Td (agent ) Tj ET Q q 0 0 0 rg BT 422.80 385.70 Td (on ) Tj ET Q q 0 0 0 rg BT 435.08 385.70 Td (behalf ) Tj ET Q q 0 0 0 rg BT 462.35 385.70 Td (of ) Tj ET Q q 0 0 0 rg BT 472.97 385.70 Td (private ) Tj ET Q q 0 0 0 rg BT 503.02 385.70 Td (equity ) Tj ET Q q 0 0 0 rg BT 530.30 385.70 Td (and ) Tj ET Q q 0 0 0 rg BT 547.03 385.70 Td (real ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 373.70 Td (estate ) Tj ET Q q 0 0 0 rg BT 75.26 373.70 Td (funds ) Tj ET Q q 0 0 0 rg BT 99.99 373.70 Td (for ) Tj ET Q q 0 0 0 rg BT 114.15 373.70 Td (one ) Tj ET Q q 0 0 0 rg BT 131.08 373.70 Td (final ) Tj ET Q q 0 0 0 rg BT 151.91 373.70 Td (closing ) Tj ET Q q 0 0 0 rg BT 183.30 373.70 Td (and ) Tj ET Q q 0 0 0 rg BT 200.23 373.70 Td (five ) Tj ET Q q 0 0 0 rg BT 218.28 373.70 Td (interim ) Tj ET Q q 0 0 0 rg BT 249.66 373.70 Td (closings ) Tj ET Q q 0 0 0 rg BT 284.94 373.70 Td (of ) Tj ET Q q 0 0 0 rg BT 295.77 373.70 Td (limited ) Tj ET Q q 0 0 0 rg BT 326.60 373.70 Td (partnership ) Tj ET Q q 0 0 0 rg BT 374.09 373.70 Td (interests ) Tj ET Q q 0 0 0 rg BT 409.91 373.70 Td (in ) Tj ET Q q 0 0 0 rg BT 420.19 373.70 Td (such ) Tj ET Q q 0 0 0 rg BT 441.02 373.70 Td (funds. ) Tj ET Q q 0 0 0 rg BT 468.24 373.70 Td ( ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 50.00 340.70 Td (Investment ) Tj ET Q q 0 0 0 rg BT 98.06 340.70 Td (Revenues) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 316.70 Td (Investment ) Tj ET Q q 0 0 0 rg BT 123.94 316.70 Td (revenues ) Tj ET Q q 0 0 0 rg BT 161.98 316.70 Td (primarily ) Tj ET Q q 0 0 0 rg BT 201.70 316.70 Td (consist ) Tj ET Q q 0 0 0 rg BT 231.99 316.70 Td (of ) Tj ET Q q 0 0 0 rg BT 242.82 316.70 Td (our ) Tj ET Q q 0 0 0 rg BT 258.66 316.70 Td (investment ) Tj ET Q q 0 0 0 rg BT 305.05 316.70 Td (gains ) Tj ET Q q 0 0 0 rg BT 328.66 316.70 Td (and ) Tj ET Q q 0 0 0 rg BT 345.61 316.70 Td (losses ) Tj ET Q q 0 0 0 rg BT 372.00 316.70 Td (from ) Tj ET Q q 0 0 0 rg BT 393.95 316.70 Td (our ) Tj ET Q q 0 0 0 rg BT 409.79 316.70 Td (investments ) Tj ET Q q 0 0 0 rg BT 460.07 316.70 Td (in ) Tj ET Q q 0 0 0 rg BT 470.35 316.70 Td (Iridium ) Tj ET Q q 0 0 0 rg BT 502.85 316.70 Td (and ) Tj ET Q q 0 0 0 rg BT 519.80 316.70 Td (previously ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 304.70 Td (sponsored ) Tj ET Q q 0 0 0 rg BT 93.05 304.70 Td (merchant ) Tj ET Q q 0 0 0 rg BT 132.75 304.70 Td (banking ) Tj ET Q q 0 0 0 rg BT 167.47 304.70 Td (funds.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 63.50 64.70 Td (\(1\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.83 64.70 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 81.50 64.70 Td (Global ) Tj ET Q q 0 0 0 rg BT 105.80 64.70 Td (M&A) Tj ET Q q 0 0 0 rg BT 124.47 64.70 Td ( ) Tj ET Q q 0 0 0 rg BT 126.99 64.70 Td (completed ) Tj ET Q q 0 0 0 rg BT 162.83 64.70 Td (volume ) Tj ET Q q 0 0 0 rg BT 189.35 64.70 Td (and ) Tj ET Q q 0 0 0 rg BT 203.42 64.70 Td (number ) Tj ET Q q 0 0 0 rg BT 230.38 64.70 Td (of ) Tj ET Q q 0 0 0 rg BT 239.57 64.70 Td (transactions ) Tj ET Q q 0 0 0 rg BT 280.30 64.70 Td (for ) Tj ET Q q 0 0 0 rg BT 292.16 64.70 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 304.45 64.70 Td (nine ) Tj ET Q q 0 0 0 rg BT 320.75 64.70 Td (months ) Tj ET Q q 0 0 0 rg BT 346.83 64.70 Td (ended ) Tj ET Q q 0 0 0 rg BT 368.45 64.70 Td (September ) Tj ET Q q 0 0 0 rg BT 405.19 64.70 Td (30, ) Tj ET Q q 0 0 0 rg BT 417.71 64.70 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 433.71 64.70 Td ( ) Tj ET Q q 0 0 0 rg BT 436.23 64.70 Td (as ) Tj ET Q q 0 0 0 rg BT 445.42 64.70 Td (compared ) Tj ET Q q 0 0 0 rg BT 479.48 64.70 Td (to ) Tj ET Q q 0 0 0 rg BT 488.22 64.70 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 500.52 64.70 Td (nine ) Tj ET Q q 0 0 0 rg BT 516.82 64.70 Td (months ) Tj ET Q q 0 0 0 rg BT 542.90 64.70 Td (ended ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 81.50 55.10 Td (September ) Tj ET Q q 0 0 0 rg BT 117.71 55.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 129.71 55.10 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 145.71 55.10 Td (. ) Tj ET Q q 0 0 0 rg BT 149.71 55.10 Td (Source: ) Tj ET Q q 0 0 0 rg BT 176.00 55.10 Td (Thompson ) Tj ET Q q 0 0 0 rg BT 212.23 55.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 244.00 55.10 Td (as ) Tj ET Q q 0 0 0 rg BT 252.66 55.10 Td (of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 261.32 55.10 Td (October30, ) Tj ET Q q 0 0 0 rg BT 301.09 55.10 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 317.09 55.10 Td (. ) Tj ET Q q 0 0 0 rg BT 321.09 55.10 Td ( ) Tj ET Q q 0 0 0 rg BT 322.95 55.10 Td (The ) Tj ET Q q 0 0 0 rg BT 337.38 55.10 Td (number ) Tj ET Q q 0 0 0 rg BT 363.82 55.10 Td (of ) Tj ET Q q 0 0 0 rg BT 372.48 55.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 412.70 55.10 Td (excludes ) Tj ET Q q 0 0 0 rg BT 442.68 55.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 482.89 55.10 Td (less ) Tj ET Q q 0 0 0 rg BT 496.89 55.10 Td (than ) Tj ET Q q 0 0 0 rg BT 512.67 55.10 Td ($100,000.) 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ET Q q 0 0 0 rg BT 532.55 742.10 Td (months ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 76.38 730.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 136.64 730.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 156.64 730.10 Td ( ) Tj ET Q q 0 0 0 rg BT 159.14 730.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 176.08 730.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 196.08 730.10 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 63.00 656.60 304.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.00 656.60 46.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.00 656.60 4.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.00 656.60 50.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.00 656.60 4.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.00 656.60 50.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 521.00 656.60 4.00 -17.00 re f /GS0 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M 417 686.6 m 467 686.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417 671.6 m 467 671.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471 686.6 m 521 686.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471 671.6 m 521 671.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 521 686.6 m 525 686.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 525 686.6 m 575 686.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 525 671.6 m 575 671.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367 584.6 m 413 584.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417 584.6 m 467 584.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471 584.6 m 521 584.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 525 584.6 m 575 584.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367 570.6 m 413 570.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367 568.6 m 413 568.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417 584.6 m 467 584.6 l s 0 0 0 RG /GS0 gs 1.00 w 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ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 487.50 675.83 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 541.50 675.83 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 430.55 660.83 Td (\(in millions, unaudited\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 65.50 647.17 Td (Net realized and unrealized gains \(losses\) on investment in Iridium) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 369.50 644.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 393.30 644.32 Td (\(3.2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 409.15 644.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 419.50 644.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 442.30 644.32 Td (\(10.8) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 463.15 644.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 473.50 644.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 504.65 644.27 Td (1.3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 527.50 644.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 555.30 644.32 Td (\(1.2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 571.15 644.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 65.50 630.17 Td (Net realized and unrealized gains \(losses\) on investments in merchant) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 65.50 620.17 Td (banking funds) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 396.65 619.27 Td (0.4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 450.65 619.27 Td (0.1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 501.30 619.32 Td (\(3.0) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 517.15 619.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.65 619.27 Td (1.3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 65.50 605.17 Td (Deferred gain on sale of certain merchant banking assets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 396.65 604.27 Td (0.1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 451.00 604.27 Td (0.1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 504.65 604.27 Td (0.2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 559.00 604.27 Td (0.2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 65.50 590.17 Td (Interest income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 397.00 589.27 Td (0.3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 451.00 589.27 Td (0.6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 505.00 589.27 Td (0.8) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 559.00 589.27 Td (1.3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 65.50 575.17 Td (Total investment revenues) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 369.50 574.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 393.30 574.32 Td (\(2.4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 409.15 574.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 419.50 574.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 442.30 574.32 Td (\(10.0) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 463.15 574.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 473.50 574.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 501.30 574.32 Td (\(0.7) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 517.15 574.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 527.50 574.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.65 574.27 Td (1.6) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 546.10 Td (For ) Tj ET Q q 0 0 0 rg BT 94.08 546.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 109.48 546.10 Td (third ) Tj ET Q q 0 0 0 rg BT 131.55 546.10 Td (quarter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 159.87 546.10 Td ( ) Tj ET Q q 0 0 0 rg BT 163.05 546.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 174.57 546.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 194.57 546.10 Td (, ) Tj ET Q q 0 0 0 rg BT 200.26 546.10 Td (we ) Tj ET Q q 0 0 0 rg BT 215.10 546.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 253.26 546.10 Td (an ) Tj ET Q q 0 0 0 rg BT 265.89 546.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 312.96 546.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 331.70 546.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 343.22 546.10 Td ($2.4 ) Tj ET Q q 0 0 0 rg BT 363.91 546.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 392.80 546.10 Td ( ) Tj ET Q q 0 0 0 rg BT 395.98 546.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 438.59 546.10 Td (to ) Tj ET Q q 0 0 0 rg BT 449.56 546.10 Td (an ) Tj ET Q q 0 0 0 rg BT 462.18 546.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 509.25 546.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 528.00 546.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 539.51 546.10 Td ($10.0 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 534.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 78.89 534.10 Td ( ) Tj ET Q q 0 0 0 rg BT 80.89 534.10 Td (in ) Tj ET Q q 0 0 0 rg BT 90.67 534.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.88 534.10 Td (third ) Tj ET Q q 0 0 0 rg BT 125.77 534.10 Td (quarter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 154.08 534.10 Td ( ) Tj ET Q q 0 0 0 rg BT 156.08 534.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 166.41 534.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 186.41 534.10 Td (. ) Tj ET Q q 0 0 0 rg BT 190.91 534.10 Td ( ) Tj ET Q q 0 0 0 rg BT 192.76 534.10 Td (The ) Tj ET Q q 0 0 0 rg BT 210.31 534.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 246.72 534.10 Td (in ) Tj ET Q q 0 0 0 rg BT 256.50 534.10 Td (the ) Tj ET Q q 0 0 0 rg BT 270.71 534.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 316.59 534.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 334.15 534.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 344.48 534.10 Td ($7.6 ) Tj ET Q q 0 0 0 rg BT 363.98 534.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 392.87 534.10 Td ( ) Tj ET Q q 0 0 0 rg BT 394.87 534.10 Td (principally ) Tj ET Q q 0 0 0 rg BT 440.19 534.10 Td (resulted ) Tj ET Q q 0 0 0 rg BT 473.84 534.10 Td (from ) Tj ET Q q 0 0 0 rg BT 495.28 534.10 Td (a ) Tj ET Q q 0 0 0 rg BT 501.72 534.10 Td (smaller ) Tj ET Q q 0 0 0 rg BT 533.15 534.10 Td (decline ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 522.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.28 522.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.00 522.10 Td (quoted ) Tj ET Q q 0 0 0 rg BT 104.71 522.10 Td (market ) Tj ET Q q 0 0 0 rg BT 134.98 522.10 Td (value ) Tj ET Q q 0 0 0 rg BT 159.13 522.10 Td (of ) Tj ET Q q 0 0 0 rg BT 169.96 522.10 Td (Iridium ) Tj ET Q q 0 0 0 rg BT 202.46 522.10 Td (during ) Tj ET Q q 0 0 0 rg BT 231.06 522.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 245.78 522.10 Td (third ) Tj ET Q q 0 0 0 rg BT 267.17 522.10 Td (quarter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 295.48 522.10 Td ( ) Tj ET Q q 0 0 0 rg BT 297.98 522.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 308.81 522.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 328.81 522.10 Td ( ) Tj ET Q q 0 0 0 rg BT 331.31 522.10 Td (as ) Tj ET Q q 0 0 0 rg BT 342.14 522.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 384.07 522.10 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 394.35 522.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 414.35 522.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 498.10 Td (For ) Tj ET Q q 0 0 0 rg BT 92.97 498.10 Td (the ) Tj ET Q q 0 0 0 rg BT 107.26 498.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 126.55 498.10 Td (months ) Tj ET Q q 0 0 0 rg BT 158.07 498.10 Td (ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 184.02 498.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 243.86 498.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 263.86 498.10 Td (, ) Tj ET Q q 0 0 0 rg BT 268.43 498.10 Td (we ) Tj ET Q q 0 0 0 rg BT 282.17 498.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 319.22 498.10 Td (an ) Tj ET Q q 0 0 0 rg BT 330.73 498.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 376.69 498.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 394.32 498.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 404.73 498.10 Td ($0.7 ) Tj ET Q q 0 0 0 rg BT 424.30 498.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 453.19 498.10 Td ( ) Tj ET Q q 0 0 0 rg BT 455.27 498.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 496.76 498.10 Td (to ) Tj ET Q q 0 0 0 rg BT 506.62 498.10 Td (an ) Tj ET Q q 0 0 0 rg BT 518.13 498.10 Td (investment ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 486.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 68.93 486.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 78.96 486.10 Td ($1.6 ) Tj ET Q q 0 0 0 rg BT 98.17 486.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 127.07 486.10 Td ( ) Tj ET Q q 0 0 0 rg BT 128.77 486.10 Td (in ) Tj ET Q q 0 0 0 rg BT 138.26 486.10 Td (the ) Tj ET Q q 0 0 0 rg BT 152.19 486.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 171.11 486.10 Td (months ) Tj ET Q q 0 0 0 rg BT 202.27 486.10 Td (ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 227.86 486.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 287.33 486.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 307.33 486.10 Td (. ) Tj ET Q q 0 0 0 rg BT 311.54 486.10 Td ( ) Tj ET Q q 0 0 0 rg BT 313.12 486.10 Td (The ) Tj ET Q q 0 0 0 rg BT 330.38 486.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 366.50 486.10 Td (in ) Tj ET Q q 0 0 0 rg BT 375.99 486.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 421.58 486.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 458.83 486.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 468.87 486.10 Td ($2.3 ) Tj ET Q q 0 0 0 rg BT 488.07 486.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 516.97 486.10 Td ( ) Tj ET Q q 0 0 0 rg BT 518.68 486.10 Td (principally ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 474.10 Td (resulted ) Tj ET Q q 0 0 0 rg BT 84.38 474.10 Td (from ) Tj ET Q q 0 0 0 rg BT 106.54 474.10 Td (a ) Tj ET Q q 0 0 0 rg BT 113.70 474.10 Td (year ) Tj ET Q q 0 0 0 rg BT 133.63 474.10 Td (to ) Tj ET Q q 0 0 0 rg BT 144.14 474.10 Td (date ) Tj ET Q q 0 0 0 rg BT 163.51 474.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 181.80 474.10 Td (in ) Tj ET Q q 0 0 0 rg BT 192.30 474.10 Td (our ) Tj ET Q q 0 0 0 rg BT 208.36 474.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 258.85 474.10 Td (in ) Tj ET Q q 0 0 0 rg BT 269.35 474.10 Td (merchant ) Tj ET Q q 0 0 0 rg BT 309.28 474.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 344.22 474.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 369.17 474.10 Td (in ) Tj ET Q q 0 0 0 rg BT 379.67 474.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 402.39 474.10 Td (as ) Tj ET Q q 0 0 0 rg BT 413.45 474.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 455.59 474.10 Td (to ) Tj ET Q q 0 0 0 rg BT 466.09 474.10 Td (a ) Tj ET Q q 0 0 0 rg BT 473.26 474.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 493.20 474.10 Td (in ) Tj ET Q q 0 0 0 rg BT 503.70 474.10 Td (2012, ) Tj ET Q q 0 0 0 rg BT 528.92 474.10 Td (of) Tj ET Q q 0 0 0 rg BT 537.07 474.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 554.23 474.10 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 462.10 Td (part, ) Tj ET Q q 0 0 0 rg BT 70.55 462.10 Td (by ) Tj ET Q q 0 0 0 rg BT 83.05 462.10 Td (a ) Tj ET Q q 0 0 0 rg BT 89.99 462.10 Td (year ) Tj ET Q q 0 0 0 rg BT 109.69 462.10 Td (to ) Tj ET Q q 0 0 0 rg BT 119.97 462.10 Td (date ) Tj ET Q q 0 0 0 rg BT 139.13 462.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 158.84 462.10 Td (in ) Tj ET Q q 0 0 0 rg BT 169.12 462.10 Td (our ) Tj ET Q q 0 0 0 rg BT 184.95 462.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 231.33 462.10 Td (in ) Tj ET Q q 0 0 0 rg BT 241.61 462.10 Td (Iridium ) Tj ET Q q 0 0 0 rg BT 274.11 462.10 Td (in ) Tj ET Q q 0 0 0 rg BT 284.38 462.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 306.88 462.10 Td (as ) Tj ET Q q 0 0 0 rg BT 317.71 462.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 359.64 462.10 Td (to ) Tj ET Q q 0 0 0 rg BT 369.92 462.10 Td (a ) Tj ET Q q 0 0 0 rg BT 376.86 462.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 394.92 462.10 Td (in ) Tj ET Q q 0 0 0 rg BT 405.20 462.10 Td (2012. ) Tj ET Q q 0 0 0 rg BT 430.20 462.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 441.10 Td (W) Tj ET Q q 0 0 0 rg BT 85.64 441.10 Td (e ) Tj ET Q q 0 0 0 rg BT 92.13 441.10 Td (recognize ) Tj ET Q q 0 0 0 rg BT 133.05 441.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 156.21 441.10 Td (or ) Tj ET Q q 0 0 0 rg BT 166.60 441.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 192.55 441.10 Td (from ) Tj ET Q q 0 0 0 rg BT 214.04 441.10 Td (our ) Tj ET Q q 0 0 0 rg BT 229.43 441.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 275.36 441.10 Td (in ) Tj ET Q q 0 0 0 rg BT 285.20 441.10 Td (Iridium ) Tj ET Q q 0 0 0 rg BT 317.25 441.10 Td (from ) Tj ET Q q 0 0 0 rg BT 338.74 441.10 Td (marking ) Tj ET Q q 0 0 0 rg BT 374.12 441.10 Td (to ) Tj ET Q q 0 0 0 rg BT 383.96 441.10 Td (market ) Tj ET Q q 0 0 0 rg BT 413.78 441.10 Td (our ) Tj ET Q q 0 0 0 rg BT 429.16 441.10 Td (holdings ) Tj ET Q q 0 0 0 rg BT 465.67 441.10 Td (at ) Tj ET Q q 0 0 0 rg BT 474.94 441.10 Td (the ) Tj ET Q q 0 0 0 rg BT 489.21 441.10 Td (end ) Tj ET Q q 0 0 0 rg BT 505.71 441.10 Td (of ) Tj ET Q q 0 0 0 rg BT 516.09 441.10 Td (each ) Tj ET Q q 0 0 0 rg BT 536.46 441.10 Td (period ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 429.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.81 429.10 Td (record ) Tj ET Q q 0 0 0 rg BT 89.38 429.10 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 134.06 429.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 158.20 429.10 Td (or ) Tj ET Q q 0 0 0 rg BT 169.56 429.10 Td (losses. ) Tj ET Q q 0 0 0 rg BT 198.77 429.10 Td (T) Tj ET Q q 0 0 0 rg BT 204.18 429.10 Td (o ) Tj ET Q q 0 0 0 rg BT 212.21 429.10 Td (the ) Tj ET Q q 0 0 0 rg BT 227.46 429.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 254.93 429.10 Td (we ) Tj ET Q q 0 0 0 rg BT 269.62 429.10 Td (sell ) Tj ET Q q 0 0 0 rg BT 286.54 429.10 Td (our ) Tj ET Q q 0 0 0 rg BT 302.91 429.10 Td (holdings ) Tj ET Q q 0 0 0 rg BT 340.39 429.10 Td (in ) Tj ET Q q 0 0 0 rg BT 351.20 429.10 Td (Iridium ) Tj ET Q q 0 0 0 rg BT 384.23 429.10 Td (for ) Tj ET Q q 0 0 0 rg BT 398.93 429.10 Td (a ) Tj ET Q q 0 0 0 rg BT 406.40 429.10 Td (price ) Tj ET Q q 0 0 0 rg BT 429.42 429.10 Td (above ) Tj ET Q q 0 0 0 rg BT 456.33 429.10 Td (or ) Tj ET Q q 0 0 0 rg BT 467.69 429.10 Td (below ) Tj ET Q q 0 0 0 rg BT 495.16 429.10 Td (our ) Tj ET Q q 0 0 0 rg BT 511.53 429.10 Td (mark ) Tj ET Q q 0 0 0 rg BT 535.11 429.10 Td (for ) Tj ET Q q 0 0 0 rg BT 549.80 429.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 417.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 94.59 417.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 130.29 417.10 Td (period, ) Tj ET Q q 0 0 0 rg BT 160.71 417.10 Td (we ) Tj ET Q q 0 0 0 rg BT 174.75 417.10 Td (recognize ) Tj ET Q q 0 0 0 rg BT 215.99 417.10 Td (realized ) Tj ET Q q 0 0 0 rg BT 250.01 417.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 273.50 417.10 Td (or ) Tj ET Q q 0 0 0 rg BT 284.20 417.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 310.47 417.10 Td (on ) Tj ET Q q 0 0 0 rg BT 322.85 417.10 Td (such ) Tj ET Q q 0 0 0 rg BT 343.56 417.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 365.38 417.10 Td (during ) Tj ET Q q 0 0 0 rg BT 393.86 417.10 Td (the ) Tj ET Q q 0 0 0 rg BT 408.46 417.10 Td (period ) Tj ET Q q 0 0 0 rg BT 436.38 417.10 Td (of ) Tj ET Q q 0 0 0 rg BT 447.09 417.10 Td (sale. ) Tj ET Q q 0 0 0 rg BT 466.99 417.10 Td (At ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 479.37 417.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 539.51 417.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 559.51 417.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 405.10 Td (we ) Tj ET Q q 0 0 0 rg BT 63.33 405.10 Td (owned ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 91.67 405.10 Td (1,595,629) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 131.67 405.10 Td ( ) Tj ET Q q 0 0 0 rg BT 133.34 405.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 160.01 405.10 Td (of ) Tj ET Q q 0 0 0 rg BT 170.01 405.10 Td (Iridium ) Tj ET Q q 0 0 0 rg BT 201.68 405.10 Td (common ) Tj ET Q q 0 0 0 rg BT 238.35 405.10 Td (stock, ) Tj ET Q q 0 0 0 rg BT 263.63 405.10 Td (or ) Tj ET Q q 0 0 0 rg BT 273.63 405.10 Td (approximately ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 333.07 405.10 Td (2%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 346.40 405.10 Td ( ) Tj ET Q q 0 0 0 rg BT 348.07 405.10 Td (of ) Tj ET Q q 0 0 0 rg BT 358.07 405.10 Td (Iridium's ) Tj ET Q q 0 0 0 rg BT 395.44 405.10 Td (fully ) Tj ET Q q 0 0 0 rg BT 416.00 405.10 Td (diluted ) Tj ET Q q 0 0 0 rg BT 445.44 405.10 Td (ownership. ) Tj ET Q q 0 0 0 rg BT 491.28 405.10 Td ( ) Tj ET Q q 0 0 0 rg BT 492.58 405.10 Td (At ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 504.26 405.10 Td (September30, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 393.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.00 393.10 Td (, ) Tj ET Q q 0 0 0 rg BT 75.00 393.10 Td (we ) Tj ET Q q 0 0 0 rg BT 89.16 393.10 Td (owned ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 118.32 393.10 Td (5,939,016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 158.32 393.10 Td ( ) Tj ET Q q 0 0 0 rg BT 160.82 393.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 188.31 393.10 Td (of ) Tj ET Q q 0 0 0 rg BT 199.14 393.10 Td (Iridium ) Tj ET Q q 0 0 0 rg BT 231.64 393.10 Td (common ) Tj ET Q q 0 0 0 rg BT 269.13 393.10 Td (stock, ) Tj ET Q q 0 0 0 rg BT 295.24 393.10 Td (or ) Tj ET Q q 0 0 0 rg BT 306.07 393.10 Td (approximately ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 366.33 393.10 Td (8%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 379.66 393.10 Td ( ) Tj ET Q q 0 0 0 rg BT 382.16 393.10 Td (on ) Tj ET Q q 0 0 0 rg BT 394.66 393.10 Td (a ) Tj ET Q q 0 0 0 rg BT 401.60 393.10 Td (fully ) Tj ET Q q 0 0 0 rg BT 422.98 393.10 Td (diluted ) Tj ET Q q 0 0 0 rg BT 453.26 393.10 Td (basis.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 372.10 Td (W) Tj ET Q q 0 0 0 rg BT 85.64 372.10 Td (e ) Tj ET Q q 0 0 0 rg BT 92.72 372.10 Td (recognize ) Tj ET Q q 0 0 0 rg BT 134.22 372.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 168.51 372.10 Td (on ) Tj ET Q q 0 0 0 rg BT 181.15 372.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 231.56 372.10 Td (in ) Tj ET Q q 0 0 0 rg BT 241.98 372.10 Td (merchant ) Tj ET Q q 0 0 0 rg BT 281.82 372.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 316.68 372.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 341.54 372.10 Td (based ) Tj ET Q q 0 0 0 rg BT 366.95 372.10 Td (on ) Tj ET Q q 0 0 0 rg BT 379.59 372.10 Td (our ) Tj ET Q q 0 0 0 rg BT 395.56 372.10 Td (allocable ) Tj ET Q q 0 0 0 rg BT 434.29 372.10 Td (share ) Tj ET Q q 0 0 0 rg BT 458.03 372.10 Td (of ) Tj ET Q q 0 0 0 rg BT 469.00 372.10 Td (realized ) Tj ET Q q 0 0 0 rg BT 503.28 372.10 Td (and ) Tj ET Q q 0 0 0 rg BT 520.36 372.10 Td (unrealized ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 360.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 72.87 360.10 Td (\(or ) Tj ET Q q 0 0 0 rg BT 86.29 360.10 Td (losses\) ) Tj ET Q q 0 0 0 rg BT 115.27 360.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 150.35 360.10 Td (by ) Tj ET Q q 0 0 0 rg BT 162.11 360.10 Td (such ) Tj ET Q q 0 0 0 rg BT 182.20 360.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 206.18 360.10 Td (on ) Tj ET Q q 0 0 0 rg BT 217.94 360.10 Td (a ) Tj ET Q q 0 0 0 rg BT 224.14 360.10 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 261.99 360.10 Td (basis. ) Tj ET Q q 0 0 0 rg BT 286.25 360.10 Td (Investments ) Tj ET Q q 0 0 0 rg BT 336.34 360.10 Td (held ) Tj ET Q q 0 0 0 rg BT 355.31 360.10 Td (by ) Tj ET Q q 0 0 0 rg BT 367.08 360.10 Td (merchant ) Tj ET Q q 0 0 0 rg BT 406.04 360.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 440.01 360.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 464.00 360.10 Td (are ) Tj ET Q q 0 0 0 rg BT 477.96 360.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 514.70 360.10 Td (at ) Tj ET Q q 0 0 0 rg BT 523.68 360.10 Td (estimated ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 348.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 65.63 348.10 Td (value. ) Tj ET Q q 0 0 0 rg BT 91.53 348.10 Td (Because ) Tj ET Q q 0 0 0 rg BT 126.59 348.10 Td (of ) Tj ET Q q 0 0 0 rg BT 136.67 348.10 Td (the ) Tj ET Q q 0 0 0 rg BT 150.63 348.10 Td (inherent ) Tj ET Q q 0 0 0 rg BT 185.15 348.10 Td (uncertainty ) Tj ET Q q 0 0 0 rg BT 231.88 348.10 Td (of ) Tj ET Q q 0 0 0 rg BT 241.95 348.10 Td (valuations ) Tj ET Q q 0 0 0 rg BT 284.80 348.10 Td (as ) Tj ET Q q 0 0 0 rg BT 294.88 348.10 Td (well ) Tj ET Q q 0 0 0 rg BT 313.85 348.10 Td (as ) Tj ET Q q 0 0 0 rg BT 323.93 348.10 Td (the ) Tj ET Q q 0 0 0 rg BT 337.89 348.10 Td (discounts ) Tj ET Q q 0 0 0 rg BT 377.42 348.10 Td (applied, ) Tj ET Q q 0 0 0 rg BT 411.10 348.10 Td (the ) Tj ET Q q 0 0 0 rg BT 425.06 348.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 465.13 348.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 480.76 348.10 Td (value ) Tj ET Q q 0 0 0 rg BT 504.16 348.10 Td (of ) Tj ET Q q 0 0 0 rg BT 514.24 348.10 Td (investments ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 336.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.48 336.10 Td (privately ) Tj ET Q q 0 0 0 rg BT 96.72 336.10 Td (held ) Tj ET Q q 0 0 0 rg BT 115.64 336.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 160.10 336.10 Td (may ) Tj ET Q q 0 0 0 rg BT 179.02 336.10 Td (dif) Tj ET Q q 0 0 0 rg BT 189.95 336.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 202.75 336.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 254.44 336.10 Td (from ) Tj ET Q q 0 0 0 rg BT 275.58 336.10 Td (the ) Tj ET Q q 0 0 0 rg BT 289.50 336.10 Td (values ) Tj ET Q q 0 0 0 rg BT 316.74 336.10 Td (that ) Tj ET Q q 0 0 0 rg BT 333.44 336.10 Td (would ) Tj ET Q q 0 0 0 rg BT 360.14 336.10 Td (have ) Tj ET Q q 0 0 0 rg BT 380.72 336.10 Td (been ) Tj ET Q q 0 0 0 rg BT 401.29 336.10 Td (used ) Tj ET Q q 0 0 0 rg BT 421.33 336.10 Td (had ) Tj ET Q q 0 0 0 rg BT 437.46 336.10 Td (a ) Tj ET Q q 0 0 0 rg BT 443.60 336.10 Td (ready ) Tj ET Q q 0 0 0 rg BT 467.51 336.10 Td (market ) Tj ET Q q 0 0 0 rg BT 496.98 336.10 Td (for ) Tj ET Q q 0 0 0 rg BT 510.34 336.10 Td (the ) Tj ET Q q 0 0 0 rg BT 524.25 336.10 Td (securities ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 324.10 Td (existed.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 303.10 Td (At ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 89.64 303.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 150.04 303.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 170.04 303.10 Td (, ) Tj ET Q q 0 0 0 rg BT 175.19 303.10 Td (we ) Tj ET Q q 0 0 0 rg BT 189.49 303.10 Td (had ) Tj ET Q q 0 0 0 rg BT 206.57 303.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 244.75 303.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 295.16 303.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 306.13 303.10 Td ($22.3 ) Tj ET Q q 0 0 0 rg BT 331.27 303.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 360.17 303.10 Td (, ) Tj ET Q q 0 0 0 rg BT 365.31 303.10 Td (consisting ) Tj ET Q q 0 0 0 rg BT 408.50 303.10 Td (of ) Tj ET Q q 0 0 0 rg BT 419.47 303.10 Td (our ) Tj ET Q q 0 0 0 rg BT 435.44 303.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 485.86 303.10 Td (in ) Tj ET Q q 0 0 0 rg BT 496.28 303.10 Td (Iridium ) Tj ET Q q 0 0 0 rg BT 528.91 303.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 539.88 303.10 Td ($1) Tj ET Q q 0 0 0 rg BT 549.51 303.10 Td (1.0 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 291.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 78.89 291.10 Td ( ) Tj ET Q q 0 0 0 rg BT 81.21 291.10 Td (and ) Tj ET Q q 0 0 0 rg BT 97.96 291.10 Td (in ) Tj ET Q q 0 0 0 rg BT 108.06 291.10 Td (merchant ) Tj ET Q q 0 0 0 rg BT 147.57 291.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 182.11 291.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 206.64 291.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 217.29 291.10 Td ($1) Tj ET Q q 0 0 0 rg BT 226.92 291.10 Td (1.3 ) Tj ET Q q 0 0 0 rg BT 241.74 291.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 270.63 291.10 Td (. ) Tj ET Q q 0 0 0 rg BT 274.93 291.10 Td (As ) Tj ET Q q 0 0 0 rg BT 288.36 291.10 Td (part ) Tj ET Q q 0 0 0 rg BT 306.22 291.10 Td (of ) Tj ET Q q 0 0 0 rg BT 316.87 291.10 Td (our ) Tj ET Q q 0 0 0 rg BT 332.52 291.10 Td (plan ) Tj ET Q q 0 0 0 rg BT 352.05 291.10 Td (to ) Tj ET Q q 0 0 0 rg BT 362.14 291.10 Td (sell ) Tj ET Q q 0 0 0 rg BT 378.35 291.10 Td (our ) Tj ET Q q 0 0 0 rg BT 393.99 291.10 Td (entire ) Tj ET Q q 0 0 0 rg BT 419.07 291.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 450.82 291.10 Td (in ) Tj ET Q q 0 0 0 rg BT 460.91 291.10 Td (Iridium ) Tj ET Q q 0 0 0 rg BT 493.23 291.10 Td (over ) Tj ET Q q 0 0 0 rg BT 513.31 291.10 Td (time, ) Tj ET Q q 0 0 0 rg BT 535.90 291.10 Td (during ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 279.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 64.75 279.10 Td (third ) Tj ET Q q 0 0 0 rg BT 86.17 279.10 Td (quarter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 114.49 279.10 Td ( ) Tj ET Q q 0 0 0 rg BT 117.02 279.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 127.88 279.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 147.88 279.10 Td (, ) Tj ET Q q 0 0 0 rg BT 152.92 279.10 Td (we ) Tj ET Q q 0 0 0 rg BT 167.11 279.10 Td (sold ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 186.31 279.10 Td (1,763,387) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 226.31 279.10 Td ( ) Tj ET Q q 0 0 0 rg BT 228.84 279.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 256.37 279.10 Td (at ) Tj ET Q q 0 0 0 rg BT 266.12 279.10 Td (an ) Tj ET Q q 0 0 0 rg BT 278.09 279.10 Td (average ) Tj ET Q q 0 0 0 rg BT 311.71 279.10 Td (price ) Tj ET Q q 0 0 0 rg BT 334.23 279.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 345.09 279.10 Td ($7.26) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 367.59 279.10 Td ( ) Tj ET Q q 0 0 0 rg BT 370.12 279.10 Td (per ) Tj ET Q q 0 0 0 rg BT 385.42 279.10 Td (share ) Tj ET Q q 0 0 0 rg BT 409.06 279.10 Td (for ) Tj ET Q q 0 0 0 rg BT 423.25 279.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 461.32 279.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 472.18 279.10 Td ($12.8 ) Tj ET Q q 0 0 0 rg BT 497.22 279.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.11 279.10 Td (. ) Tj ET Q q 0 0 0 rg BT 531.14 279.10 Td ( ) Tj ET Q q 0 0 0 rg BT 533.67 279.10 Td (During ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 267.10 Td (the ) Tj ET Q q 0 0 0 rg BT 65.00 267.10 Td (first ) Tj ET Q q 0 0 0 rg BT 83.90 267.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 103.90 267.10 Td (months ) Tj ET Q q 0 0 0 rg BT 136.14 267.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 147.26 267.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 167.26 267.10 Td (, ) Tj ET Q q 0 0 0 rg BT 172.54 267.10 Td (we ) Tj ET Q q 0 0 0 rg BT 186.99 267.10 Td (sold ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 206.45 267.10 Td (3,488,387) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 246.45 267.10 Td ( ) Tj ET Q q 0 0 0 rg BT 249.23 267.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 277.01 267.10 Td (of ) Tj ET Q q 0 0 0 rg BT 288.13 267.10 Td (Iridium ) Tj ET Q q 0 0 0 rg BT 320.91 267.10 Td (at ) Tj ET Q q 0 0 0 rg BT 330.92 267.10 Td (an ) Tj ET Q q 0 0 0 rg BT 343.14 267.10 Td (average ) Tj ET Q q 0 0 0 rg BT 377.01 267.10 Td (price ) Tj ET Q q 0 0 0 rg BT 399.78 267.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 410.90 267.10 Td ($7.04) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 433.40 267.10 Td ( ) Tj ET Q q 0 0 0 rg BT 436.19 267.10 Td (per ) Tj ET Q q 0 0 0 rg BT 451.74 267.10 Td (share ) Tj ET Q q 0 0 0 rg BT 475.63 267.10 Td (for ) Tj ET Q q 0 0 0 rg BT 490.08 267.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 528.40 267.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 539.52 267.10 Td ($24.6 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 255.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 78.89 255.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 231.10 Td (In ) Tj ET Q q 0 0 0 rg BT 87.89 231.10 Td (July ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 107.13 231.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 127.13 231.10 Td (, ) Tj ET Q q 0 0 0 rg BT 132.19 231.10 Td (we ) Tj ET Q q 0 0 0 rg BT 146.41 231.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 165.64 231.10 Td (our ) Tj ET Q q 0 0 0 rg BT 181.54 231.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 227.98 231.10 Td (in ) Tj ET Q q 0 0 0 rg BT 238.32 231.10 Td (GCP) Tj ET Q q 0 0 0 rg BT 257.40 231.10 Td ( ) Tj ET Q q 0 0 0 rg BT 259.96 231.10 Td (III ) Tj ET Q q 0 0 0 rg BT 272.52 231.10 Td (for ) Tj ET Q q 0 0 0 rg BT 286.74 231.10 Td ($2.0 ) Tj ET Q q 0 0 0 rg BT 306.80 231.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 340.76 231.10 Td (which ) Tj ET Q q 0 0 0 rg BT 367.76 231.10 Td (represented ) Tj ET Q q 0 0 0 rg BT 416.40 231.10 Td (the ) Tj ET Q q 0 0 0 rg BT 431.18 231.10 Td (book ) Tj ET Q q 0 0 0 rg BT 453.75 231.10 Td (value ) Tj ET Q q 0 0 0 rg BT 477.96 231.10 Td (of ) Tj ET Q q 0 0 0 rg BT 488.86 231.10 Td (our ) Tj ET Q q 0 0 0 rg BT 504.75 231.10 Td (investment. ) Tj ET Q q 0 0 0 rg BT 553.69 231.10 Td (In ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 219.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 96.37 219.10 Td (with ) Tj ET Q q 0 0 0 rg BT 116.65 219.10 Td (that ) Tj ET Q q 0 0 0 rg BT 134.15 219.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 152.19 219.10 Td (we ) Tj ET Q q 0 0 0 rg BT 166.35 219.10 Td (also ) Tj ET Q q 0 0 0 rg BT 184.96 219.10 Td (eliminated ) Tj ET Q q 0 0 0 rg BT 229.67 219.10 Td (our ) Tj ET Q q 0 0 0 rg BT 245.50 219.10 Td (last ) Tj ET Q q 0 0 0 rg BT 261.88 219.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 304.93 219.10 Td (commitment ) Tj ET Q q 0 0 0 rg BT 357.97 219.10 Td (to ) Tj ET Q q 0 0 0 rg BT 368.25 219.10 Td (invest ) Tj ET Q q 0 0 0 rg BT 394.64 219.10 Td (in ) Tj ET Q q 0 0 0 rg BT 404.92 219.10 Td (merchant ) Tj ET Q q 0 0 0 rg BT 444.62 219.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 479.34 219.10 Td (funds.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 198.10 Td (Significant ) Tj ET Q q 0 0 0 rg BT 123.81 198.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 158.95 198.10 Td (in ) Tj ET Q q 0 0 0 rg BT 169.66 198.10 Td (the ) Tj ET Q q 0 0 0 rg BT 184.81 198.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 201.62 198.10 Td (value ) Tj ET Q q 0 0 0 rg BT 226.21 198.10 Td (of ) Tj ET Q q 0 0 0 rg BT 237.47 198.10 Td (Iridium ) Tj ET Q q 0 0 0 rg BT 270.40 198.10 Td (or ) Tj ET Q q 0 0 0 rg BT 281.66 198.10 Td (the ) Tj ET Q q 0 0 0 rg BT 296.81 198.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 338.06 198.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 354.87 198.10 Td (value ) Tj ET Q q 0 0 0 rg BT 379.46 198.10 Td (of ) Tj ET Q q 0 0 0 rg BT 390.72 198.10 Td (our ) Tj ET Q q 0 0 0 rg BT 406.98 198.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 453.80 198.10 Td (in ) Tj ET Q q 0 0 0 rg BT 464.51 198.10 Td (merchant ) Tj ET Q q 0 0 0 rg BT 504.64 198.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 539.79 198.10 Td (funds ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 186.10 Td (could ) Tj ET Q q 0 0 0 rg BT 74.72 186.10 Td (have ) Tj ET Q q 0 0 0 rg BT 96.09 186.10 Td (a ) Tj ET Q q 0 0 0 rg BT 103.03 186.10 Td (material ) Tj ET Q q 0 0 0 rg BT 138.29 186.10 Td (ef) Tj ET Q q 0 0 0 rg BT 145.88 186.10 Td (fect, ) Tj ET Q q 0 0 0 rg BT 165.86 186.10 Td (positive ) Tj ET Q q 0 0 0 rg BT 200.03 186.10 Td (or ) Tj ET Q q 0 0 0 rg BT 210.86 186.10 Td (negative, ) Tj ET Q q 0 0 0 rg BT 249.73 186.10 Td (on ) Tj ET Q q 0 0 0 rg BT 262.23 186.10 Td (our ) Tj ET Q q 0 0 0 rg BT 278.06 186.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 316.10 186.10 Td (and ) Tj ET Q q 0 0 0 rg BT 333.04 186.10 Td (thus ) Tj ET Q q 0 0 0 rg BT 352.21 186.10 Td (our ) Tj ET Q q 0 0 0 rg BT 368.04 186.10 Td (results ) Tj ET Q q 0 0 0 rg BT 396.65 186.10 Td (of ) Tj ET Q q 0 0 0 rg BT 407.48 186.10 Td (operations.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 62.00 165.10 Td (The ) Tj ET Q q 0 0 0 rg BT 80.42 165.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 126.61 165.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 151.70 165.10 Td (or ) Tj ET Q q 0 0 0 rg BT 164.02 165.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 191.33 165.10 Td (fr) Tj ET Q q 0 0 0 rg BT 197.63 165.10 Td (om ) Tj ET Q q 0 0 0 rg BT 213.27 165.10 Td (our ) Tj ET Q q 0 0 0 rg BT 230.59 165.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 276.78 165.10 Td (in ) Tj ET Q q 0 0 0 rg BT 287.98 165.10 Td (Iridium ) Tj ET Q q 0 0 0 rg BT 321.40 165.10 Td (and ) Tj ET Q q 0 0 0 rg BT 339.82 165.10 Td (our ) Tj ET Q q 0 0 0 rg BT 357.14 165.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 407.21 165.10 Td (in ) Tj ET Q q 0 0 0 rg BT 418.42 165.10 Td (our ) Tj ET Q q 0 0 0 rg BT 435.73 165.10 Td (pr) Tj ET Q q 0 0 0 rg BT 444.25 165.10 Td (eviously ) Tj ET Q q 0 0 0 rg BT 480.44 165.10 Td (sponsor) Tj ET Q q 0 0 0 rg BT 511.74 165.10 Td (ed ) Tj ET Q q 0 0 0 rg BT 524.60 165.10 Td (mer) Tj ET Q q 0 0 0 rg BT 539.78 165.10 Td (chant ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 153.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 84.82 153.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 109.09 153.10 Td (may ) Tj ET Q q 0 0 0 rg BT 128.35 153.10 Td (fluctuate ) Tj ET Q q 0 0 0 rg BT 165.94 153.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 217.98 153.10 Td (over ) Tj ET Q q 0 0 0 rg BT 238.34 153.10 Td (time ) Tj ET Q q 0 0 0 rg BT 258.16 153.10 Td (due ) Tj ET Q q 0 0 0 rg BT 275.20 153.10 Td (to ) Tj ET Q q 0 0 0 rg BT 285.58 153.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 315.96 153.10 Td (beyond ) Tj ET Q q 0 0 0 rg BT 347.43 153.10 Td (our ) Tj ET Q q 0 0 0 rg BT 363.93 153.10 Td (contr) Tj ET Q q 0 0 0 rg BT 384.66 153.10 Td (ol, ) Tj ET Q q 0 0 0 rg BT 397.54 153.10 Td (such ) Tj ET Q q 0 0 0 rg BT 418.47 153.10 Td (as ) Tj ET Q q 0 0 0 rg BT 429.96 153.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 483.66 153.10 Td (of ) Tj ET Q q 0 0 0 rg BT 494.04 153.10 Td (each ) Tj ET Q q 0 0 0 rg BT 515.52 153.10 Td (company ) Tj ET Q q 0 0 0 rg BT 554.22 153.10 Td (in ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 141.10 Td (our ) Tj ET Q q 0 0 0 rg BT 66.47 141.10 Td (mer) Tj ET Q q 0 0 0 rg BT 81.65 141.10 Td (chant ) Tj ET Q q 0 0 0 rg BT 106.44 141.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 141.23 141.10 Td (portfolio, ) Tj ET Q q 0 0 0 rg BT 181.31 141.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 208.32 141.10 Td (market ) Tj ET Q q 0 0 0 rg BT 238.67 141.10 Td (valuations, ) Tj ET Q q 0 0 0 rg BT 285.41 141.10 Td (and ) Tj ET Q q 0 0 0 rg BT 302.98 141.10 Td (mer) Tj ET Q q 0 0 0 rg BT 318.16 141.10 Td (ger ) Tj ET Q q 0 0 0 rg BT 334.07 141.10 Td (and ) Tj ET Q q 0 0 0 rg BT 351.65 141.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 398.66 141.10 Td (opportunities. ) Tj ET Q q 0 0 0 rg BT 457.08 141.10 Td (Revenues ) Tj ET Q q 0 0 0 rg BT 497.40 141.10 Td (r) Tj ET Q q 0 0 0 rg BT 500.93 141.10 Td (ecognized ) Tj ET Q q 0 0 0 rg BT 543.49 141.10 Td (fr) Tj ET Q q 0 0 0 rg BT 549.79 141.10 Td (om ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 129.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 73.24 129.10 Td (\(or ) Tj ET Q q 0 0 0 rg BT 87.04 129.10 Td (losses\) ) Tj ET Q q 0 0 0 rg BT 115.83 129.10 Td (r) Tj ET Q q 0 0 0 rg BT 119.35 129.10 Td (ecor) Tj ET Q q 0 0 0 rg BT 136.75 129.10 Td (ded ) Tj ET Q q 0 0 0 rg BT 152.76 129.10 Td (in ) Tj ET Q q 0 0 0 rg BT 162.11 129.10 Td (any ) Tj ET Q q 0 0 0 rg BT 178.12 129.10 Td (particular ) Tj ET Q q 0 0 0 rg BT 220.25 129.10 Td (period ) Tj ET Q q 0 0 0 rg BT 247.93 129.10 Td (ar) Tj ET Q q 0 0 0 rg BT 256.45 129.10 Td (e ) Tj ET Q q 0 0 0 rg BT 262.46 129.10 Td (not ) Tj ET Q q 0 0 0 rg BT 276.81 129.10 Td (necessarily ) Tj ET Q q 0 0 0 rg BT 323.37 129.10 Td (indicative ) Tj ET Q q 0 0 0 rg BT 364.37 129.10 Td (of ) Tj ET Q q 0 0 0 rg BT 373.72 129.10 Td (r) Tj ET Q q 0 0 0 rg BT 377.24 129.10 Td (evenues ) Tj ET Q q 0 0 0 rg BT 410.46 129.10 Td (that ) Tj ET Q q 0 0 0 rg BT 427.59 129.10 Td (may ) Tj ET Q q 0 0 0 rg BT 445.82 129.10 Td (be ) Tj ET Q q 0 0 0 rg BT 456.83 129.10 Td (r) Tj ET Q q 0 0 0 rg BT 460.35 129.10 Td (ealized ) Tj ET Q q 0 0 0 rg BT 490.25 129.10 Td (and/or ) Tj ET Q q 0 0 0 rg BT 518.49 129.10 Td (r) Tj ET Q q 0 0 0 rg BT 522.01 129.10 Td (ecognized ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 117.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.28 117.10 Td (futur) Tj ET Q q 0 0 0 rg BT 79.36 117.10 Td (e ) Tj ET Q q 0 0 0 rg BT 86.29 117.10 Td (periods. ) Tj ET Q endstream endobj 49 0 obj <> endobj 50 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (24) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Operating Expenses) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 718.25 Td (W) Tj ET Q q 0 0 0 rg BT 81.14 718.25 Td (e ) Tj ET Q q 0 0 0 rg BT 88.08 718.25 Td (classify ) Tj ET Q q 0 0 0 rg BT 121.12 718.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 161.39 718.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 199.99 718.25 Td (as ) Tj ET Q q 0 0 0 rg BT 210.82 718.25 Td (employee ) Tj ET Q q 0 0 0 rg BT 252.19 718.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 310.23 718.25 Td (and ) Tj ET Q q 0 0 0 rg BT 327.17 718.25 Td (benefits ) Tj ET Q q 0 0 0 rg BT 361.32 718.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 396.03 718.25 Td (and ) Tj ET Q q 0 0 0 rg BT 412.97 718.25 Td (non-compensation ) Tj ET Q q 0 0 0 rg BT 489.34 718.25 Td (expenses. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 694.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 91.23 694.25 Td (total ) Tj ET Q q 0 0 0 rg BT 112.19 694.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 153.13 694.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 192.41 694.25 Td (for ) Tj ET Q q 0 0 0 rg BT 207.25 694.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 222.65 694.25 Td (third ) Tj ET Q q 0 0 0 rg BT 244.72 694.25 Td (quarter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 273.03 694.25 Td ( ) Tj ET Q q 0 0 0 rg BT 276.22 694.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 287.73 694.25 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 307.73 694.25 Td ( ) Tj ET Q q 0 0 0 rg BT 310.91 694.25 Td (were ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 333.52 694.25 Td ($41.6 ) Tj ET Q q 0 0 0 rg BT 359.20 694.25 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 388.09 694.25 Td (, ) Tj ET Q q 0 0 0 rg BT 393.77 694.25 Td (which ) Tj ET Q q 0 0 0 rg BT 421.39 694.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 464.00 694.25 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 474.96 694.25 Td ($48.8 ) Tj ET Q q 0 0 0 rg BT 500.64 694.25 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 529.53 694.25 Td ( ) Tj ET Q q 0 0 0 rg BT 532.71 694.25 Td (of ) Tj ET Q q 0 0 0 rg BT 544.22 694.25 Td (total ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 90.31 682.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 128.95 682.25 Td (for ) Tj ET Q q 0 0 0 rg BT 143.16 682.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 157.92 682.25 Td (third ) Tj ET Q q 0 0 0 rg BT 179.35 682.25 Td (quarter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 207.67 682.25 Td ( ) Tj ET Q q 0 0 0 rg BT 210.21 682.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 221.09 682.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 241.09 682.25 Td (. ) Tj ET Q q 0 0 0 rg BT 246.13 682.25 Td ( ) Tj ET Q q 0 0 0 rg BT 248.50 682.25 Td (This ) Tj ET Q q 0 0 0 rg BT 268.82 682.25 Td (represents ) Tj ET Q q 0 0 0 rg BT 311.90 682.25 Td (a ) Tj ET Q q 0 0 0 rg BT 318.89 682.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 355.85 682.25 Td (in ) Tj ET Q q 0 0 0 rg BT 366.17 682.25 Td (total ) Tj ET Q q 0 0 0 rg BT 386.49 682.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 426.80 682.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 465.44 682.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 476.32 682.25 Td ($7.2 ) Tj ET Q q 0 0 0 rg BT 496.36 682.25 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.25 682.25 Td (, ) Tj ET Q q 0 0 0 rg BT 530.30 682.25 Td (or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 541.17 682.25 Td (15%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 559.50 682.25 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (and ) Tj ET Q q 0 0 0 rg BT 67.54 670.25 Td (resulted ) Tj ET Q q 0 0 0 rg BT 102.30 670.25 Td (from ) Tj ET Q q 0 0 0 rg BT 124.84 670.25 Td (decreases ) Tj ET Q q 0 0 0 rg BT 166.25 670.25 Td (in ) Tj ET Q q 0 0 0 rg BT 177.13 670.25 Td (both ) Tj ET Q q 0 0 0 rg BT 198.01 670.25 Td (our ) Tj ET Q q 0 0 0 rg BT 214.44 670.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 273.08 670.25 Td (and ) Tj ET Q q 0 0 0 rg BT 290.62 670.25 Td (benefits ) Tj ET Q q 0 0 0 rg BT 325.38 670.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 364.58 670.25 Td (consistent ) Tj ET Q q 0 0 0 rg BT 407.68 670.25 Td (with ) Tj ET Q q 0 0 0 rg BT 428.56 670.25 Td (decreased ) Tj ET Q q 0 0 0 rg BT 471.08 670.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 509.71 670.25 Td (and ) Tj ET Q q 0 0 0 rg BT 527.25 670.25 Td (our ) Tj ET Q q 0 0 0 rg BT 543.69 670.25 Td (non-) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 107.21 658.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 144.98 658.25 Td (as ) Tj ET Q q 0 0 0 rg BT 154.98 658.25 Td (described ) Tj ET Q q 0 0 0 rg BT 194.97 658.25 Td (in ) Tj ET Q q 0 0 0 rg BT 204.41 658.25 Td (more ) Tj ET Q q 0 0 0 rg BT 226.63 658.25 Td (detail ) Tj ET Q q 0 0 0 rg BT 250.51 658.25 Td (below) Tj ET Q q 0 0 0 rg BT 274.30 658.25 Td (. ) Tj ET Q q 0 0 0 rg BT 278.47 658.25 Td ( ) Tj ET Q q 0 0 0 rg BT 280.02 658.25 Td (The ) Tj ET Q q 0 0 0 rg BT 297.24 658.25 Td (pre-tax ) Tj ET Q q 0 0 0 rg BT 327.22 658.25 Td (profit ) Tj ET Q q 0 0 0 rg BT 351.11 658.25 Td (mar) Tj ET Q q 0 0 0 rg BT 366.48 658.25 Td (gin ) Tj ET Q q 0 0 0 rg BT 380.92 658.25 Td (for ) Tj ET Q q 0 0 0 rg BT 394.25 658.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 408.14 658.25 Td (third ) Tj ET Q q 0 0 0 rg BT 428.70 658.25 Td (quarter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 457.01 658.25 Td ( ) Tj ET Q q 0 0 0 rg BT 458.68 658.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 468.68 658.25 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 488.68 658.25 Td ( ) Tj ET Q q 0 0 0 rg BT 490.35 658.25 Td (was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 507.57 658.25 Td (7%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 520.90 658.25 Td ( ) Tj ET Q q 0 0 0 rg BT 522.57 658.25 Td (compared ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 60.28 646.25 Td (22%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 78.61 646.25 Td ( ) Tj ET Q q 0 0 0 rg BT 81.11 646.25 Td (for ) Tj ET Q q 0 0 0 rg BT 95.27 646.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 109.99 646.25 Td (third ) Tj ET Q q 0 0 0 rg BT 131.37 646.25 Td (quarter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 159.69 646.25 Td ( ) Tj ET Q q 0 0 0 rg BT 162.19 646.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 173.02 646.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 193.02 646.25 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 622.25 Td (For ) Tj ET Q q 0 0 0 rg BT 88.98 622.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 103.79 622.25 Td (nine ) Tj ET Q q 0 0 0 rg BT 123.60 622.25 Td (months ) Tj ET Q q 0 0 0 rg BT 155.63 622.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 182.10 622.25 Td (September ) Tj ET Q q 0 0 0 rg BT 227.46 622.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 242.55 622.25 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 262.55 622.25 Td (, ) Tj ET Q q 0 0 0 rg BT 267.64 622.25 Td (total ) Tj ET Q q 0 0 0 rg BT 288.00 622.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 328.35 622.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 367.04 622.25 Td (were ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 389.06 622.25 Td ($160.8 ) Tj ET Q q 0 0 0 rg BT 419.15 622.25 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 448.04 622.25 Td ( ) Tj ET Q q 0 0 0 rg BT 450.63 622.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 492.65 622.25 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 503.02 622.25 Td ($150.4 ) Tj ET Q q 0 0 0 rg BT 533.11 622.25 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 562.00 622.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.63 610.25 Td (total ) Tj ET Q q 0 0 0 rg BT 80.71 610.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 120.77 610.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 159.17 610.25 Td (for ) Tj ET Q q 0 0 0 rg BT 173.14 610.25 Td (the ) Tj ET Q q 0 0 0 rg BT 187.66 610.25 Td (same ) Tj ET Q q 0 0 0 rg BT 210.51 610.25 Td (period ) Tj ET Q q 0 0 0 rg BT 238.35 610.25 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 248.44 610.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 268.44 610.25 Td (. ) Tj ET Q q 0 0 0 rg BT 273.24 610.25 Td ( ) Tj ET Q q 0 0 0 rg BT 275.37 610.25 Td (The ) Tj ET Q q 0 0 0 rg BT 293.22 610.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 328.28 610.25 Td (in ) Tj ET Q q 0 0 0 rg BT 338.36 610.25 Td (total ) Tj ET Q q 0 0 0 rg BT 358.43 610.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 398.50 610.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 436.90 610.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 447.53 610.25 Td ($10.4 ) Tj ET Q q 0 0 0 rg BT 472.34 610.25 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 501.23 610.25 Td (, ) Tj ET Q q 0 0 0 rg BT 506.03 610.25 Td (or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 516.66 610.25 Td (7%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 529.99 610.25 Td (, ) Tj ET Q q 0 0 0 rg BT 534.79 610.25 Td (related ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (principally ) Tj ET Q q 0 0 0 rg BT 95.14 598.25 Td (to ) Tj ET Q q 0 0 0 rg BT 104.74 598.25 Td (higher ) Tj ET Q q 0 0 0 rg BT 132.11 598.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 189.47 598.25 Td (and ) Tj ET Q q 0 0 0 rg BT 205.73 598.25 Td (benefits ) Tj ET Q q 0 0 0 rg BT 239.21 598.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 277.13 598.25 Td (of) Tj ET Q q 0 0 0 rg BT 285.28 598.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 301.54 598.25 Td (by ) Tj ET Q q 0 0 0 rg BT 313.36 598.25 Td (a ) Tj ET Q q 0 0 0 rg BT 319.62 598.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 355.85 598.25 Td (in ) Tj ET Q q 0 0 0 rg BT 365.45 598.25 Td (non-compensation ) Tj ET Q q 0 0 0 rg BT 441.15 598.25 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 481.57 598.25 Td (as ) Tj ET Q q 0 0 0 rg BT 491.72 598.25 Td (described ) Tj ET Q q 0 0 0 rg BT 531.86 598.25 Td (in ) Tj ET Q q 0 0 0 rg BT 541.46 598.25 Td (more ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (detail ) Tj ET Q q 0 0 0 rg BT 74.75 586.25 Td (below) Tj ET Q q 0 0 0 rg BT 98.54 586.25 Td (. ) Tj ET Q q 0 0 0 rg BT 103.59 586.25 Td ( ) Tj ET Q q 0 0 0 rg BT 105.95 586.25 Td (The ) Tj ET Q q 0 0 0 rg BT 124.04 586.25 Td (pre-tax ) Tj ET Q q 0 0 0 rg BT 154.89 586.25 Td (profit ) Tj ET Q q 0 0 0 rg BT 179.65 586.25 Td (mar) Tj ET Q q 0 0 0 rg BT 195.02 586.25 Td (gin ) Tj ET Q q 0 0 0 rg BT 210.34 586.25 Td (for ) Tj ET Q q 0 0 0 rg BT 224.54 586.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 239.30 586.25 Td (nine ) Tj ET Q q 0 0 0 rg BT 259.06 586.25 Td (months ) Tj ET Q q 0 0 0 rg BT 291.06 586.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 317.48 586.25 Td (September ) Tj ET Q q 0 0 0 rg BT 362.78 586.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 377.82 586.25 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 397.82 586.25 Td ( ) Tj ET Q q 0 0 0 rg BT 400.37 586.25 Td (was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 418.46 586.25 Td (24%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 436.79 586.25 Td ( ) Tj ET Q q 0 0 0 rg BT 439.34 586.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 481.30 586.25 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 491.62 586.25 Td (22%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 509.95 586.25 Td ( ) Tj ET Q q 0 0 0 rg BT 512.50 586.25 Td (for ) Tj ET Q q 0 0 0 rg BT 526.70 586.25 Td (the ) Tj ET Q q 0 0 0 rg BT 541.46 586.25 Td (same ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 574.25 Td (period ) Tj ET Q q 0 0 0 rg BT 78.05 574.25 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 88.33 574.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 108.33 574.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 550.25 Td (The ) Tj ET Q q 0 0 0 rg BT 90.59 550.25 Td (following ) Tj ET Q q 0 0 0 rg BT 132.02 550.25 Td (table ) Tj ET Q q 0 0 0 rg BT 154.00 550.25 Td (sets ) Tj ET Q q 0 0 0 rg BT 171.55 550.25 Td (forth ) Tj ET Q q 0 0 0 rg BT 193.53 550.25 Td (information ) Tj ET Q q 0 0 0 rg BT 243.29 550.25 Td (relating ) Tj ET Q q 0 0 0 rg BT 276.38 550.25 Td (to ) Tj ET Q q 0 0 0 rg BT 286.70 550.25 Td (our ) Tj ET Q q 0 0 0 rg BT 302.58 550.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 342.89 550.25 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 384.03 550.25 Td (which ) Tj ET Q q 0 0 0 rg BT 411.01 550.25 Td (are ) Tj ET Q q 0 0 0 rg BT 425.77 550.25 Td (reported ) Tj ET Q q 0 0 0 rg BT 461.63 550.25 Td (net ) Tj ET Q q 0 0 0 rg BT 476.39 550.25 Td (of ) Tj ET Q q 0 0 0 rg BT 487.26 550.25 Td (reimbursements ) Tj ET Q q 0 0 0 rg BT 553.68 550.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 79.70 538.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 118.30 538.25 Td (by ) Tj ET Q q 0 0 0 rg BT 130.80 538.25 Td (our ) Tj ET Q q 0 0 0 rg BT 146.63 538.25 Td (clients: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 467.75 300.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.50 467.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.50 467.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 467.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.50 467.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.50 467.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 467.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 467.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 437.75 300.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.50 437.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.50 437.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 437.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.50 437.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.50 437.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 437.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 437.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 407.75 300.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.50 407.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.50 407.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 407.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.50 407.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.50 407.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 407.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 407.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 377.75 300.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.50 377.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.50 377.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 377.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.50 377.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.50 377.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 377.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 377.75 50.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 497.75 m 399.5 497.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 497.75 m 403.5 497.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 497.75 m 453.5 497.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 497.75 m 399.5 497.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 482.75 m 399.5 482.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 497.75 m 403.5 497.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 497.75 m 453.5 497.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 482.75 m 453.5 482.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 497.75 m 507.5 497.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 482.75 m 507.5 482.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 497.75 m 511.5 497.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 497.75 m 561.5 497.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 482.75 m 561.5 482.75 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 363.30 507.83 Td (For the Three Months) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 355.50 499.88 Td (Ended September 30, 2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 461.25 507.83 Td (For the Nine Months Ended) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 484.60 499.88 Td (September 30,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 366.00 486.98 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 420.00 486.98 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 474.00 486.98 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 528.00 486.98 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 415.05 471.98 Td (\(in millions, unaudited\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 457.42 Td (Employee compensation and benefits expense) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 373.50 457.42 Td ($27.1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 427.50 457.42 Td ($33.3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 476.50 457.42 Td ($115.2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.50 457.42 Td ($102.9) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 62.00 442.46 Td (% of r) Tj ET Q q 0 0 0 rg BT 86.63 442.46 Td (evenues) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 118.27 442.46 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 380.65 442.46 Td (61) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 390.65 442.46 Td (%) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 434.65 442.46 Td (53) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 444.65 442.46 Td (%) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 488.65 442.46 Td (55) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 498.65 442.46 Td (%) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 542.65 442.46 Td (53) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 552.65 442.46 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 427.42 Td (Non-compensation expense) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 378.50 427.42 Td (14.5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 432.50 427.42 Td (15.5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 486.50 427.42 Td (45.6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 540.50 427.42 Td (47.5) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 62.00 412.46 Td (% of r) Tj ET Q q 0 0 0 rg BT 86.63 412.46 Td (evenues) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 118.27 412.46 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 380.65 412.46 Td (33) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 390.65 412.46 Td (%) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 434.65 412.46 Td (25) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 444.65 412.46 Td (%) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 488.65 412.46 Td (22) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 498.65 412.46 Td (%) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 542.65 412.46 Td (25) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 552.65 412.46 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 397.42 Td (Total operating expense) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 378.50 397.42 Td (41.6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 432.50 397.42 Td (48.8) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 481.50 397.42 Td (160.8) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.50 397.42 Td (150.4) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 62.00 382.46 Td (% of r) Tj ET Q q 0 0 0 rg BT 86.63 382.46 Td (evenues) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 118.27 382.46 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 380.65 382.46 Td (93) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 390.65 382.46 Td (%) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 434.65 382.46 Td (78) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 444.65 382.46 Td (%) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 488.65 382.46 Td (76) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 498.65 382.46 Td (%) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 542.65 382.46 Td (78) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 552.65 382.46 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 367.42 Td (Total income before tax) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 383.50 367.42 Td (2.9) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 432.50 367.42 Td (14.0) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 486.50 367.42 Td (50.0) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 540.50 367.42 Td (42.3) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 62.00 352.46 Td (Pre-tax profit margin) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 385.65 352.46 Td (7) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 390.65 352.46 Td (%) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 434.65 352.46 Td (22) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 444.65 352.46 Td (%) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 488.65 352.46 Td (24) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 498.65 352.46 Td (%) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 542.65 352.46 Td (22) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 552.65 352.46 Td (%) Tj ET Q BT /F2 10.00 Tf ET BT /F5 10.00 Tf ET q 0 0 0 rg BT 50.00 322.25 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 111.96 322.25 Td (and ) Tj ET Q q 0 0 0 rg BT 130.02 322.25 Td (Benefits ) Tj ET Q q 0 0 0 rg BT 166.41 322.25 Td (Expenses) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 298.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 90.63 298.25 Td (employee ) Tj ET Q q 0 0 0 rg BT 132.07 298.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 190.19 298.25 Td (and ) Tj ET Q q 0 0 0 rg BT 207.20 298.25 Td (benefits ) Tj ET Q q 0 0 0 rg BT 241.43 298.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 280.10 298.25 Td (in ) Tj ET Q q 0 0 0 rg BT 290.45 298.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 305.24 298.25 Td (third ) Tj ET Q q 0 0 0 rg BT 326.70 298.25 Td (quarter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 355.01 298.25 Td ( ) Tj ET Q q 0 0 0 rg BT 357.59 298.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 368.49 298.25 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 388.49 298.25 Td ( ) Tj ET Q q 0 0 0 rg BT 391.06 298.25 Td (were ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 413.07 298.25 Td ($27.1 ) Tj ET Q q 0 0 0 rg BT 438.14 298.25 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.03 298.25 Td (, ) Tj ET Q q 0 0 0 rg BT 472.10 298.25 Td (which ) Tj ET Q q 0 0 0 rg BT 499.12 298.25 Td (reflected ) Tj ET Q q 0 0 0 rg BT 536.66 298.25 Td (a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.67 298.25 Td (61%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 562.00 298.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 286.25 Td (ratio ) Tj ET Q q 0 0 0 rg BT 70.88 286.25 Td (of ) Tj ET Q q 0 0 0 rg BT 81.77 286.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 139.87 286.25 Td (to ) Tj ET Q q 0 0 0 rg BT 150.21 286.25 Td (revenues. ) Tj ET Q q 0 0 0 rg BT 190.81 286.25 Td ( ) Tj ET Q q 0 0 0 rg BT 193.18 286.25 Td (This ) Tj ET Q q 0 0 0 rg BT 213.52 286.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 246.07 286.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 288.05 286.25 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 298.39 286.25 Td ($33.3 ) Tj ET Q q 0 0 0 rg BT 323.45 286.25 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 352.34 286.25 Td ( ) Tj ET Q q 0 0 0 rg BT 354.90 286.25 Td (for ) Tj ET Q q 0 0 0 rg BT 369.12 286.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 383.89 286.25 Td (third ) Tj ET Q q 0 0 0 rg BT 405.34 286.25 Td (quarter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 433.65 286.25 Td ( ) Tj ET Q q 0 0 0 rg BT 436.21 286.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 447.10 286.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.10 286.25 Td (, ) Tj ET Q q 0 0 0 rg BT 472.16 286.25 Td (which ) Tj ET Q q 0 0 0 rg BT 499.16 286.25 Td (reflected ) Tj ET Q q 0 0 0 rg BT 536.69 286.25 Td (a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.68 286.25 Td (53%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 562.01 286.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 274.25 Td (ratio ) Tj ET Q q 0 0 0 rg BT 70.55 274.25 Td (of ) Tj ET Q q 0 0 0 rg BT 81.11 274.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 138.88 274.25 Td (to ) Tj ET Q q 0 0 0 rg BT 148.89 274.25 Td (revenues. ) Tj ET Q q 0 0 0 rg BT 189.15 274.25 Td ( ) Tj ET Q q 0 0 0 rg BT 191.22 274.25 Td (The ) Tj ET Q q 0 0 0 rg BT 208.99 274.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 245.64 274.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 256.19 274.25 Td ($6.2 ) Tj ET Q q 0 0 0 rg BT 275.92 274.25 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 304.81 274.25 Td (, ) Tj ET Q q 0 0 0 rg BT 309.54 274.25 Td (or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 320.10 274.25 Td (19%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 338.43 274.25 Td (, ) Tj ET Q q 0 0 0 rg BT 343.16 274.25 Td (resulted ) Tj ET Q q 0 0 0 rg BT 377.04 274.25 Td (principally ) Tj ET Q q 0 0 0 rg BT 422.59 274.25 Td (from ) Tj ET Q q 0 0 0 rg BT 444.26 274.25 Td (a ) Tj ET Q q 0 0 0 rg BT 450.92 274.25 Td (reduction ) Tj ET Q q 0 0 0 rg BT 490.92 274.25 Td (in ) Tj ET Q q 0 0 0 rg BT 500.92 274.25 Td (the ) Tj ET Q q 0 0 0 rg BT 515.37 274.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 544.25 274.25 Td (cash ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 262.25 Td (bonus ) Tj ET Q q 0 0 0 rg BT 76.26 262.25 Td (accrual ) Tj ET Q q 0 0 0 rg BT 107.49 262.25 Td (commensurate ) Tj ET Q q 0 0 0 rg BT 168.17 262.25 Td (with ) Tj ET Q q 0 0 0 rg BT 188.31 262.25 Td (the ) Tj ET Q q 0 0 0 rg BT 202.90 262.25 Td (decline ) Tj ET Q q 0 0 0 rg BT 234.13 262.25 Td (in ) Tj ET Q q 0 0 0 rg BT 244.28 262.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 282.18 262.25 Td (in ) Tj ET Q q 0 0 0 rg BT 292.33 262.25 Td (the ) Tj ET Q q 0 0 0 rg BT 306.91 262.25 Td (third ) Tj ET Q q 0 0 0 rg BT 328.17 262.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 358.85 262.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 369.55 262.25 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 389.55 262.25 Td ( ) Tj ET Q q 0 0 0 rg BT 391.92 262.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 433.71 262.25 Td (to ) Tj ET Q q 0 0 0 rg BT 443.85 262.25 Td (the ) Tj ET Q q 0 0 0 rg BT 458.44 262.25 Td (same ) Tj ET Q q 0 0 0 rg BT 481.35 262.25 Td (period ) Tj ET Q q 0 0 0 rg BT 509.26 262.25 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 519.41 262.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 539.41 262.25 Td (. ) Tj ET Q q 0 0 0 rg BT 544.28 262.25 Td ( ) Tj ET Q q 0 0 0 rg BT 546.47 262.25 Td (The ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 250.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 85.71 250.25 Td (in ) Tj ET Q q 0 0 0 rg BT 96.44 250.25 Td (the ) Tj ET Q q 0 0 0 rg BT 111.60 250.25 Td (ratio ) Tj ET Q q 0 0 0 rg BT 132.88 250.25 Td (of ) Tj ET Q q 0 0 0 rg BT 144.16 250.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 202.66 250.25 Td (to ) Tj ET Q q 0 0 0 rg BT 213.39 250.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 251.88 250.25 Td (in ) Tj ET Q q 0 0 0 rg BT 262.60 250.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 277.77 250.25 Td (third ) Tj ET Q q 0 0 0 rg BT 299.61 250.25 Td (quarter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 327.93 250.25 Td ( ) Tj ET Q q 0 0 0 rg BT 330.88 250.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 342.16 250.25 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 362.16 250.25 Td ( ) Tj ET Q q 0 0 0 rg BT 365.11 250.25 Td (as ) Tj ET Q q 0 0 0 rg BT 376.39 250.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 418.77 250.25 Td (to ) Tj ET Q q 0 0 0 rg BT 429.50 250.25 Td (the ) Tj ET Q q 0 0 0 rg BT 444.67 250.25 Td (same ) Tj ET Q q 0 0 0 rg BT 468.17 250.25 Td (period ) Tj ET Q q 0 0 0 rg BT 496.67 250.25 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 507.40 250.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 527.40 250.25 Td ( ) Tj ET Q q 0 0 0 rg BT 530.35 250.25 Td (resulted ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 238.25 Td (from ) Tj ET Q q 0 0 0 rg BT 71.94 238.25 Td (the ) Tj ET Q q 0 0 0 rg BT 86.66 238.25 Td (ef) Tj ET Q q 0 0 0 rg BT 94.24 238.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 111.73 238.25 Td (of ) Tj ET Q q 0 0 0 rg BT 122.56 238.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 147.83 238.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 205.87 238.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 228.37 238.25 Td (spread ) Tj ET Q q 0 0 0 rg BT 256.97 238.25 Td (over ) Tj ET Q q 0 0 0 rg BT 277.24 238.25 Td (significantly ) Tj ET Q q 0 0 0 rg BT 329.73 238.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 355.00 238.25 Td (revenues. ) Tj ET Q q 0 0 0 rg BT 395.53 238.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 214.25 Td (For ) Tj ET Q q 0 0 0 rg BT 89.50 214.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.82 214.25 Td (nine ) Tj ET Q q 0 0 0 rg BT 125.15 214.25 Td (months ) Tj ET Q q 0 0 0 rg BT 157.70 214.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 184.69 214.25 Td (September ) Tj ET Q q 0 0 0 rg BT 230.56 214.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 246.16 214.25 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 266.16 214.25 Td (, ) Tj ET Q q 0 0 0 rg BT 271.77 214.25 Td (our ) Tj ET Q q 0 0 0 rg BT 288.21 214.25 Td (employee ) Tj ET Q q 0 0 0 rg BT 330.19 214.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 388.83 214.25 Td (and ) Tj ET Q q 0 0 0 rg BT 406.38 214.25 Td (benefits ) Tj ET Q q 0 0 0 rg BT 441.14 214.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 480.35 214.25 Td (were ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 502.88 214.25 Td ($1) Tj ET Q q 0 0 0 rg BT 512.51 214.25 Td (15.2 ) Tj ET Q q 0 0 0 rg BT 533.12 214.25 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 562.01 214.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 202.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 91.51 202.25 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 101.38 202.25 Td ($102.9 ) Tj ET Q q 0 0 0 rg BT 130.96 202.25 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 159.85 202.25 Td ( ) Tj ET Q q 0 0 0 rg BT 161.94 202.25 Td (for ) Tj ET Q q 0 0 0 rg BT 175.69 202.25 Td (the ) Tj ET Q q 0 0 0 rg BT 189.99 202.25 Td (same ) Tj ET Q q 0 0 0 rg BT 212.62 202.25 Td (period ) Tj ET Q q 0 0 0 rg BT 240.26 202.25 Td (in ) Tj ET Q q 0 0 0 rg BT 250.12 202.25 Td (the ) Tj ET Q q 0 0 0 rg BT 264.42 202.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 285.95 202.25 Td (year) Tj ET Q q 0 0 0 rg BT 302.60 202.25 Td (. ) Tj ET Q q 0 0 0 rg BT 307.19 202.25 Td ( ) Tj ET Q q 0 0 0 rg BT 309.13 202.25 Td (The ) Tj ET Q q 0 0 0 rg BT 326.76 202.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 361.60 202.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 372.02 202.25 Td ($12.3 ) Tj ET Q q 0 0 0 rg BT 396.60 202.25 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 425.49 202.25 Td (, ) Tj ET Q q 0 0 0 rg BT 430.08 202.25 Td (or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 440.50 202.25 Td (12%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 458.83 202.25 Td (, ) Tj ET Q q 0 0 0 rg BT 463.41 202.25 Td (resulted ) Tj ET Q q 0 0 0 rg BT 497.16 202.25 Td (principally ) Tj ET Q q 0 0 0 rg BT 542.56 202.25 Td (from ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 190.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.50 190.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 99.54 190.25 Td (in ) Tj ET Q q 0 0 0 rg BT 109.60 190.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 147.42 190.25 Td (in ) Tj ET Q q 0 0 0 rg BT 157.49 190.25 Td (the ) Tj ET Q q 0 0 0 rg BT 171.99 190.25 Td (first ) Tj ET Q q 0 0 0 rg BT 190.38 190.25 Td (nine ) Tj ET Q q 0 0 0 rg BT 209.88 190.25 Td (months ) Tj ET Q q 0 0 0 rg BT 241.61 190.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 252.23 190.25 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 272.23 190.25 Td ( ) Tj ET Q q 0 0 0 rg BT 274.51 190.25 Td (as ) Tj ET Q q 0 0 0 rg BT 285.13 190.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 326.83 190.25 Td (to ) Tj ET Q q 0 0 0 rg BT 336.90 190.25 Td (the ) Tj ET Q q 0 0 0 rg BT 351.40 190.25 Td (same ) Tj ET Q q 0 0 0 rg BT 374.23 190.25 Td (period ) Tj ET Q q 0 0 0 rg BT 402.06 190.25 Td (in ) Tj ET Q q 0 0 0 rg BT 412.12 190.25 Td (the ) Tj ET Q q 0 0 0 rg BT 426.62 190.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 448.34 190.25 Td (year) Tj ET Q q 0 0 0 rg BT 465.00 190.25 Td (. ) Tj ET Q q 0 0 0 rg BT 469.78 190.25 Td (On ) Tj ET Q q 0 0 0 rg BT 484.29 190.25 Td (a ) Tj ET Q q 0 0 0 rg BT 491.01 190.25 Td (year ) Tj ET Q q 0 0 0 rg BT 510.50 190.25 Td (to ) Tj ET Q q 0 0 0 rg BT 520.57 190.25 Td (date ) Tj ET Q q 0 0 0 rg BT 539.51 190.25 Td (basis, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 178.25 Td (the ) Tj ET Q q 0 0 0 rg BT 65.22 178.25 Td (ratio ) Tj ET Q q 0 0 0 rg BT 86.55 178.25 Td (of ) Tj ET Q q 0 0 0 rg BT 97.88 178.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 156.42 178.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 191.63 178.25 Td (to ) Tj ET Q q 0 0 0 rg BT 202.41 178.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 240.95 178.25 Td (was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 259.50 178.25 Td (55%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 277.83 178.25 Td ( ) Tj ET Q q 0 0 0 rg BT 280.84 178.25 Td (for ) Tj ET Q q 0 0 0 rg BT 295.50 178.25 Td (the ) Tj ET Q q 0 0 0 rg BT 310.72 178.25 Td (first ) Tj ET Q q 0 0 0 rg BT 329.83 178.25 Td (nine ) Tj ET Q q 0 0 0 rg BT 350.05 178.25 Td (months ) Tj ET Q q 0 0 0 rg BT 382.50 178.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 393.83 178.25 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 413.83 178.25 Td ( ) Tj ET Q q 0 0 0 rg BT 416.83 178.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 459.26 178.25 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 470.04 178.25 Td (53%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 488.37 178.25 Td ( ) Tj ET Q q 0 0 0 rg BT 491.37 178.25 Td (for ) Tj ET Q q 0 0 0 rg BT 506.03 178.25 Td (the ) Tj ET Q q 0 0 0 rg BT 521.25 178.25 Td (same ) Tj ET Q q 0 0 0 rg BT 544.80 178.25 Td (nine ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 166.25 Td (month ) Tj ET Q q 0 0 0 rg BT 78.06 166.25 Td (period ) Tj ET Q q 0 0 0 rg BT 106.10 166.25 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 116.38 166.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 136.38 166.25 Td (. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.50 145.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 90.31 145.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 147.56 145.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 180.91 145.25 Td (is ) Tj ET Q q 0 0 0 rg BT 189.28 145.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 228.74 145.25 Td (based ) Tj ET Q q 0 0 0 rg BT 253.77 145.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 275.47 145.25 Td (r) Tj ET Q q 0 0 0 rg BT 278.99 145.25 Td (evenues ) Tj ET Q q 0 0 0 rg BT 312.34 145.25 Td (and ) Tj ET Q q 0 0 0 rg BT 329.04 145.25 Td (can ) Tj ET Q q 0 0 0 rg BT 345.18 145.25 Td (fluctuate ) Tj ET Q q 0 0 0 rg BT 381.87 145.25 Td (materially ) Tj ET Q q 0 0 0 rg BT 424.68 145.25 Td (in ) Tj ET Q q 0 0 0 rg BT 434.15 145.25 Td (any ) Tj ET Q q 0 0 0 rg BT 450.29 145.25 Td (particular ) Tj ET Q q 0 0 0 rg BT 492.55 145.25 Td (period ) Tj ET Q q 0 0 0 rg BT 520.36 145.25 Td (depending ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 133.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 71.91 133.25 Td (the ) Tj ET Q q 0 0 0 rg BT 86.04 133.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 120.73 133.25 Td (in ) Tj ET Q q 0 0 0 rg BT 130.42 133.25 Td (headcount, ) Tj ET Q q 0 0 0 rg BT 176.49 133.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 208.40 133.25 Td (of ) Tj ET Q q 0 0 0 rg BT 218.10 133.25 Td (r) Tj ET Q q 0 0 0 rg BT 221.62 133.25 Td (evenues ) Tj ET Q q 0 0 0 rg BT 255.18 133.25 Td (r) Tj ET Q q 0 0 0 rg BT 258.70 133.25 Td (ecognized, ) Tj ET Q q 0 0 0 rg BT 303.10 133.25 Td (as ) Tj ET Q q 0 0 0 rg BT 313.90 133.25 Td (well ) Tj ET Q q 0 0 0 rg BT 332.48 133.25 Td (as ) Tj ET Q q 0 0 0 rg BT 343.29 133.25 Td (other ) Tj ET Q q 0 0 0 rg BT 366.31 133.25 Td (factors. ) Tj ET Q q 0 0 0 rg BT 398.36 133.25 Td (Accor) Tj ET Q q 0 0 0 rg BT 421.87 133.25 Td (dingly) Tj ET Q q 0 0 0 rg BT 446.31 133.25 Td (, ) Tj ET Q q 0 0 0 rg BT 450.73 133.25 Td (the ) Tj ET Q q 0 0 0 rg BT 464.86 133.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 496.77 133.25 Td (of ) Tj ET Q q 0 0 0 rg BT 506.46 133.25 Td (compensation ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 121.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 84.15 121.25 Td (r) Tj ET Q q 0 0 0 rg BT 87.67 121.25 Td (ecognized ) Tj ET Q q 0 0 0 rg BT 130.15 121.25 Td (in ) Tj ET Q q 0 0 0 rg BT 140.43 121.25 Td (any ) Tj ET Q q 0 0 0 rg BT 157.37 121.25 Td (particular ) Tj ET Q q 0 0 0 rg BT 200.42 121.25 Td (period ) Tj ET Q q 0 0 0 rg BT 229.03 121.25 Td (may ) Tj ET Q q 0 0 0 rg BT 248.19 121.25 Td (not ) Tj ET Q q 0 0 0 rg BT 263.47 121.25 Td (be ) Tj ET Q q 0 0 0 rg BT 275.41 121.25 Td (indicative ) Tj ET Q q 0 0 0 rg BT 317.34 121.25 Td (of ) Tj ET Q q 0 0 0 rg BT 327.62 121.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 385.66 121.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 419.81 121.25 Td (in ) Tj ET Q q 0 0 0 rg BT 430.09 121.25 Td (a ) Tj ET Q q 0 0 0 rg BT 437.59 121.25 Td (futur) Tj ET Q q 0 0 0 rg BT 456.67 121.25 Td (e ) Tj ET Q q 0 0 0 rg BT 463.60 121.25 Td (period.) Tj ET Q endstream endobj 51 0 obj <> endobj 52 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (25) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Non-Compensation ) Tj ET Q q 0 0 0 rg BT 133.07 742.25 Td (Expenses) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 721.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 92.23 721.25 Td (non-compensation ) Tj ET Q q 0 0 0 rg BT 170.29 721.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 210.57 721.25 Td (include ) Tj ET Q q 0 0 0 rg BT 244.19 721.25 Td (the ) Tj ET Q q 0 0 0 rg BT 260.59 721.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 284.77 721.25 Td (for ) Tj ET Q q 0 0 0 rg BT 300.61 721.25 Td (occupancy ) Tj ET Q q 0 0 0 rg BT 347.55 721.25 Td (and ) Tj ET Q q 0 0 0 rg BT 366.17 721.25 Td (equipment ) Tj ET Q q 0 0 0 rg BT 412.56 721.25 Td (rental, ) Tj ET Q q 0 0 0 rg BT 442.01 721.25 Td (communications, ) Tj ET Q q 0 0 0 rg BT 514.79 721.25 Td (information ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 709.25 Td (services, ) Tj ET Q q 0 0 0 rg BT 87.78 709.25 Td (professional ) Tj ET Q q 0 0 0 rg BT 139.74 709.25 Td (fees, ) Tj ET Q q 0 0 0 rg BT 161.41 709.25 Td (recruiting, ) Tj ET Q q 0 0 0 rg BT 205.86 709.25 Td (travel ) Tj ET Q q 0 0 0 rg BT 231.70 709.25 Td (and ) Tj ET Q q 0 0 0 rg BT 249.21 709.25 Td (entertainment, ) Tj ET Q q 0 0 0 rg BT 309.77 709.25 Td (insurance, ) Tj ET Q q 0 0 0 rg BT 353.66 709.25 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 406.15 709.25 Td (and ) Tj ET Q q 0 0 0 rg BT 423.67 709.25 Td (amortization, ) Tj ET Q q 0 0 0 rg BT 479.78 709.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 512.29 709.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 547.57 709.25 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 697.25 Td (other ) Tj ET Q q 0 0 0 rg BT 73.05 697.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 113.31 697.25 Td (expenses. ) Tj ET Q q 0 0 0 rg BT 154.41 697.25 Td (Reimbursed ) Tj ET Q q 0 0 0 rg BT 205.23 697.25 Td (client ) Tj ET Q q 0 0 0 rg BT 229.95 697.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 268.54 697.25 Td (are ) Tj ET Q q 0 0 0 rg BT 283.25 697.25 Td (netted ) Tj ET Q q 0 0 0 rg BT 310.19 697.25 Td (against ) Tj ET Q q 0 0 0 rg BT 341.01 697.25 Td (non-compensation ) Tj ET Q q 0 0 0 rg BT 417.38 697.25 Td (expenses.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 676.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 89.73 676.25 Td (non-compensation ) Tj ET Q q 0 0 0 rg BT 165.28 676.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 203.05 676.25 Td (were ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 224.16 676.25 Td ($14.5 ) Tj ET Q q 0 0 0 rg BT 248.33 676.25 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 277.22 676.25 Td ( ) Tj ET Q q 0 0 0 rg BT 278.90 676.25 Td (in ) Tj ET Q q 0 0 0 rg BT 288.35 676.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 302.25 676.25 Td (third ) Tj ET Q q 0 0 0 rg BT 322.81 676.25 Td (quarter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 351.13 676.25 Td ( ) Tj ET Q q 0 0 0 rg BT 352.80 676.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 362.81 676.25 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 382.81 676.25 Td ( ) Tj ET Q q 0 0 0 rg BT 384.49 676.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 425.59 676.25 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 435.04 676.25 Td ($15.5 ) Tj ET Q q 0 0 0 rg BT 459.22 676.25 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 488.11 676.25 Td ( ) Tj ET Q q 0 0 0 rg BT 489.78 676.25 Td (in ) Tj ET Q q 0 0 0 rg BT 499.24 676.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 513.13 676.25 Td (third ) Tj ET Q q 0 0 0 rg BT 533.69 676.25 Td (quarter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 562.01 676.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 664.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 60.82 664.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 80.82 664.25 Td (, ) Tj ET Q q 0 0 0 rg BT 85.82 664.25 Td (reflecting ) Tj ET Q q 0 0 0 rg BT 126.62 664.25 Td (a ) Tj ET Q q 0 0 0 rg BT 133.55 664.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 170.46 664.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 181.28 664.25 Td ($1.0 ) Tj ET Q q 0 0 0 rg BT 201.27 664.25 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 230.16 664.25 Td (. ) Tj ET Q q 0 0 0 rg BT 235.16 664.25 Td ( ) Tj ET Q q 0 0 0 rg BT 237.47 664.25 Td (The ) Tj ET Q q 0 0 0 rg BT 255.51 664.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 292.42 664.25 Td (in ) Tj ET Q q 0 0 0 rg BT 302.69 664.25 Td (non-compensation ) Tj ET Q q 0 0 0 rg BT 379.05 664.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 417.64 664.25 Td (principally ) Tj ET Q q 0 0 0 rg BT 463.46 664.25 Td (resulted ) Tj ET Q q 0 0 0 rg BT 497.60 664.25 Td (from ) Tj ET Q q 0 0 0 rg BT 519.53 664.25 Td (the ) Tj ET Q q 0 0 0 rg BT 534.24 664.25 Td (benefit ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 652.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.69 652.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 85.81 652.25 Td (amortization ) Tj ET Q q 0 0 0 rg BT 138.70 652.25 Td (of ) Tj ET Q q 0 0 0 rg BT 149.39 652.25 Td (the ) Tj ET Q q 0 0 0 rg BT 163.44 652.25 Td (Australian ) Tj ET Q q 0 0 0 rg BT 207.45 652.25 Td (intangible ) Tj ET Q q 0 0 0 rg BT 249.80 652.25 Td (assets, ) Tj ET Q q 0 0 0 rg BT 277.99 652.25 Td (which ) Tj ET Q q 0 0 0 rg BT 304.78 652.25 Td (were ) Tj ET Q q 0 0 0 rg BT 326.56 652.25 Td (fully ) Tj ET Q q 0 0 0 rg BT 347.81 652.25 Td (amortized ) Tj ET Q q 0 0 0 rg BT 390.14 652.25 Td (in ) Tj ET Q q 0 0 0 rg BT 400.28 652.25 Td (the ) Tj ET Q q 0 0 0 rg BT 414.85 652.25 Td (first ) Tj ET Q q 0 0 0 rg BT 433.32 652.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 463.99 652.25 Td (of ) Tj ET Q q 0 0 0 rg BT 474.67 652.25 Td (2013, ) Tj ET Q q 0 0 0 rg BT 499.53 652.25 Td (and ) Tj ET Q q 0 0 0 rg BT 516.32 652.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 541.45 652.25 Td (other ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 640.25 Td (general ) Tj ET Q q 0 0 0 rg BT 81.92 640.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 122.19 640.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 144.69 640.25 Td (of) Tj ET Q q 0 0 0 rg BT 152.84 640.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 169.78 640.25 Td (by ) Tj ET Q q 0 0 0 rg BT 182.28 640.25 Td (an ) Tj ET Q q 0 0 0 rg BT 194.21 640.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 229.47 640.25 Td (in ) Tj ET Q q 0 0 0 rg BT 239.75 640.25 Td (travel ) Tj ET Q q 0 0 0 rg BT 265.01 640.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 303.61 640.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 347.20 640.25 Td (with ) Tj ET Q q 0 0 0 rg BT 367.48 640.25 Td (new ) Tj ET Q q 0 0 0 rg BT 386.64 640.25 Td (business ) Tj ET Q q 0 0 0 rg BT 423.03 640.25 Td (activities. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 619.25 Td (For ) Tj ET Q q 0 0 0 rg BT 89.60 619.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 105.02 619.25 Td (nine ) Tj ET Q q 0 0 0 rg BT 125.44 619.25 Td (months ) Tj ET Q q 0 0 0 rg BT 158.09 619.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 185.17 619.25 Td (September ) Tj ET Q q 0 0 0 rg BT 231.14 619.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 246.85 619.25 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 266.85 619.25 Td (, ) Tj ET Q q 0 0 0 rg BT 272.55 619.25 Td (our ) Tj ET Q q 0 0 0 rg BT 289.09 619.25 Td (non-compensation ) Tj ET Q q 0 0 0 rg BT 366.16 619.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 405.47 619.25 Td (were ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 428.10 619.25 Td ($45.6 ) Tj ET Q q 0 0 0 rg BT 453.80 619.25 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 482.69 619.25 Td ( ) Tj ET Q q 0 0 0 rg BT 485.90 619.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 528.53 619.25 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 539.51 619.25 Td ($47.5 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 607.25 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 78.89 607.25 Td ( ) Tj ET Q q 0 0 0 rg BT 80.69 607.25 Td (for ) Tj ET Q q 0 0 0 rg BT 94.15 607.25 Td (the ) Tj ET Q q 0 0 0 rg BT 108.16 607.25 Td (same ) Tj ET Q q 0 0 0 rg BT 130.50 607.25 Td (period ) Tj ET Q q 0 0 0 rg BT 157.85 607.25 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 167.42 607.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 187.42 607.25 Td (, ) Tj ET Q q 0 0 0 rg BT 191.72 607.25 Td (representing ) Tj ET Q q 0 0 0 rg BT 242.94 607.25 Td (a ) Tj ET Q q 0 0 0 rg BT 249.17 607.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 285.39 607.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 295.51 607.25 Td ($1.9 ) Tj ET Q q 0 0 0 rg BT 314.81 607.25 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 343.70 607.25 Td (, ) Tj ET Q q 0 0 0 rg BT 348.00 607.25 Td (or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 358.13 607.25 Td (4%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 371.46 607.25 Td (. ) Tj ET Q q 0 0 0 rg BT 375.75 607.25 Td ( ) Tj ET Q q 0 0 0 rg BT 377.55 607.25 Td (Similar ) Tj ET Q q 0 0 0 rg BT 408.79 607.25 Td (to ) Tj ET Q q 0 0 0 rg BT 418.36 607.25 Td (the ) Tj ET Q q 0 0 0 rg BT 432.38 607.25 Td (third ) Tj ET Q q 0 0 0 rg BT 453.06 607.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 483.17 607.25 Td (results, ) Tj ET Q q 0 0 0 rg BT 513.58 607.25 Td (the ) Tj ET Q q 0 0 0 rg BT 527.59 607.25 Td (decrease ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 595.25 Td (in ) Tj ET Q q 0 0 0 rg BT 62.69 595.25 Td (non-compensation ) Tj ET Q q 0 0 0 rg BT 141.46 595.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 182.47 595.25 Td (for ) Tj ET Q q 0 0 0 rg BT 199.04 595.25 Td (the ) Tj ET Q q 0 0 0 rg BT 216.16 595.25 Td (nine ) Tj ET Q q 0 0 0 rg BT 238.28 595.25 Td (month ) Tj ET Q q 0 0 0 rg BT 268.75 595.25 Td (period ) Tj ET Q q 0 0 0 rg BT 299.20 595.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 327.98 595.25 Td (September ) Tj ET Q q 0 0 0 rg BT 375.65 595.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 393.06 595.25 Td (2013 ) Tj ET Q q 0 0 0 rg BT 417.97 595.25 Td (was ) Tj ET Q q 0 0 0 rg BT 438.43 595.25 Td (principally ) Tj ET Q q 0 0 0 rg BT 486.65 595.25 Td (attributable ) Tj ET Q q 0 0 0 rg BT 537.10 595.25 Td (to ) Tj ET Q q 0 0 0 rg BT 549.78 595.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 583.25 Td (aforementioned ) Tj ET Q q 0 0 0 rg BT 115.53 583.25 Td (benefit ) Tj ET Q q 0 0 0 rg BT 146.07 583.25 Td (of ) Tj ET Q q 0 0 0 rg BT 157.18 583.25 Td (the ) Tj ET Q q 0 0 0 rg BT 172.17 583.25 Td (completion ) Tj ET Q q 0 0 0 rg BT 219.94 583.25 Td (of ) Tj ET Q q 0 0 0 rg BT 231.05 583.25 Td (the ) Tj ET Q q 0 0 0 rg BT 246.04 583.25 Td (amortization ) Tj ET Q q 0 0 0 rg BT 299.36 583.25 Td (period ) Tj ET Q q 0 0 0 rg BT 327.69 583.25 Td (of ) Tj ET Q q 0 0 0 rg BT 338.79 583.25 Td (the ) Tj ET Q q 0 0 0 rg BT 353.18 583.25 Td (Australian ) Tj ET Q q 0 0 0 rg BT 397.61 583.25 Td (intangible ) Tj ET Q q 0 0 0 rg BT 440.38 583.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 466.49 583.25 Td (and ) Tj ET Q q 0 0 0 rg BT 483.70 583.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 509.25 583.25 Td (other ) Tj ET Q q 0 0 0 rg BT 532.58 583.25 Td (general ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 571.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 90.26 571.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 112.76 571.25 Td (of) Tj ET Q q 0 0 0 rg BT 120.91 571.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 137.85 571.25 Td (by ) Tj ET Q q 0 0 0 rg BT 150.35 571.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 190.61 571.25 Td (travel ) Tj ET Q q 0 0 0 rg BT 215.87 571.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 238.37 571.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 281.96 571.25 Td (with ) Tj ET Q q 0 0 0 rg BT 302.24 571.25 Td (new ) Tj ET Q q 0 0 0 rg BT 321.40 571.25 Td (business ) Tj ET Q q 0 0 0 rg BT 357.79 571.25 Td (activities.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 550.25 Td (Non-compensation ) Tj ET Q q 0 0 0 rg BT 150.23 550.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 187.96 550.25 Td (as ) Tj ET Q q 0 0 0 rg BT 197.92 550.25 Td (a ) Tj ET Q q 0 0 0 rg BT 203.99 550.25 Td (percentage ) Tj ET Q q 0 0 0 rg BT 248.92 550.25 Td (of ) Tj ET Q q 0 0 0 rg BT 258.89 550.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 296.06 550.25 Td (for ) Tj ET Q q 0 0 0 rg BT 309.35 550.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 323.20 550.25 Td (three ) Tj ET Q q 0 0 0 rg BT 344.81 550.25 Td (months ) Tj ET Q q 0 0 0 rg BT 375.90 550.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 401.40 550.25 Td (September ) Tj ET Q q 0 0 0 rg BT 445.80 550.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 459.93 550.25 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 479.93 550.25 Td ( ) Tj ET Q q 0 0 0 rg BT 481.56 550.25 Td (were ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 502.63 550.25 Td (33%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 520.96 550.25 Td ( ) Tj ET Q q 0 0 0 rg BT 522.59 550.25 Td (compared ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 60.02 538.25 Td (25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 78.35 538.25 Td ( ) Tj ET Q q 0 0 0 rg BT 80.59 538.25 Td (for ) Tj ET Q q 0 0 0 rg BT 94.50 538.25 Td (the ) Tj ET Q q 0 0 0 rg BT 108.96 538.25 Td (same ) Tj ET Q q 0 0 0 rg BT 131.75 538.25 Td (period ) Tj ET Q q 0 0 0 rg BT 159.54 538.25 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 169.56 538.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 189.56 538.25 Td (. ) Tj ET Q q 0 0 0 rg BT 194.30 538.25 Td ( ) Tj ET Q q 0 0 0 rg BT 196.38 538.25 Td (The ) Tj ET Q q 0 0 0 rg BT 214.17 538.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 249.17 538.25 Td (in ) Tj ET Q q 0 0 0 rg BT 259.19 538.25 Td (non-compensation ) Tj ET Q q 0 0 0 rg BT 335.30 538.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 373.64 538.25 Td (as ) Tj ET Q q 0 0 0 rg BT 384.22 538.25 Td (a ) Tj ET Q q 0 0 0 rg BT 390.90 538.25 Td (percentage ) Tj ET Q q 0 0 0 rg BT 436.44 538.25 Td (of ) Tj ET Q q 0 0 0 rg BT 447.01 538.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 484.79 538.25 Td (resulted ) Tj ET Q q 0 0 0 rg BT 518.69 538.25 Td (principally ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 Td (from ) Tj ET Q q 0 0 0 rg BT 72.24 526.25 Td (the ) Tj ET Q q 0 0 0 rg BT 87.26 526.25 Td (spreading ) Tj ET Q q 0 0 0 rg BT 128.94 526.25 Td (of ) Tj ET Q q 0 0 0 rg BT 140.07 526.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 165.64 526.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 188.45 526.25 Td (over ) Tj ET Q q 0 0 0 rg BT 209.02 526.25 Td (significantly ) Tj ET Q q 0 0 0 rg BT 261.81 526.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 287.38 526.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 325.72 526.25 Td (earned ) Tj ET Q q 0 0 0 rg BT 355.17 526.25 Td (during ) Tj ET Q q 0 0 0 rg BT 384.08 526.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 399.10 526.25 Td (third ) Tj ET Q q 0 0 0 rg BT 420.79 526.25 Td (quarter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.11 526.25 Td ( ) Tj ET Q q 0 0 0 rg BT 451.91 526.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 463.04 526.25 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 483.04 526.25 Td ( ) Tj ET Q q 0 0 0 rg BT 485.84 526.25 Td (as ) Tj ET Q q 0 0 0 rg BT 496.98 526.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 539.20 526.25 Td (to ) Tj ET Q q 0 0 0 rg BT 549.79 526.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 514.25 Td (same ) Tj ET Q q 0 0 0 rg BT 73.05 514.25 Td (period ) Tj ET Q q 0 0 0 rg BT 101.09 514.25 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 111.37 514.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 131.37 514.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 493.25 Td (Non-compensation ) Tj ET Q q 0 0 0 rg BT 150.39 493.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 188.28 493.25 Td (as ) Tj ET Q q 0 0 0 rg BT 198.41 493.25 Td (a ) Tj ET Q q 0 0 0 rg BT 204.64 493.25 Td (percentage ) Tj ET Q q 0 0 0 rg BT 249.73 493.25 Td (of ) Tj ET Q q 0 0 0 rg BT 259.86 493.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 297.19 493.25 Td (for ) Tj ET Q q 0 0 0 rg BT 310.64 493.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 324.66 493.25 Td (nine ) Tj ET Q q 0 0 0 rg BT 343.67 493.25 Td (months ) Tj ET Q q 0 0 0 rg BT 374.91 493.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 400.58 493.25 Td (September ) Tj ET Q q 0 0 0 rg BT 445.14 493.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 459.43 493.25 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 479.43 493.25 Td ( ) Tj ET Q q 0 0 0 rg BT 481.23 493.25 Td (were ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 502.45 493.25 Td (22%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 520.78 493.25 Td ( ) Tj ET Q q 0 0 0 rg BT 522.58 493.25 Td (compared ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 481.25 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 60.55 481.25 Td (25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 78.88 481.25 Td ( ) Tj ET Q q 0 0 0 rg BT 81.66 481.25 Td (for ) Tj ET Q q 0 0 0 rg BT 96.09 481.25 Td (the ) Tj ET Q q 0 0 0 rg BT 111.08 481.25 Td (same ) Tj ET Q q 0 0 0 rg BT 134.40 481.25 Td (period ) Tj ET Q q 0 0 0 rg BT 162.72 481.25 Td (in ) Tj ET Q q 0 0 0 rg BT 173.27 481.25 Td (the ) Tj ET Q q 0 0 0 rg BT 188.26 481.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 210.47 481.25 Td (year) Tj ET Q q 0 0 0 rg BT 227.13 481.25 Td (. ) Tj ET Q q 0 0 0 rg BT 232.40 481.25 Td ( ) Tj ET Q q 0 0 0 rg BT 234.98 481.25 Td (The ) Tj ET Q q 0 0 0 rg BT 253.30 481.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 290.48 481.25 Td (in ) Tj ET Q q 0 0 0 rg BT 301.04 481.25 Td (non-compensation ) Tj ET Q q 0 0 0 rg BT 377.68 481.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 416.55 481.25 Td (as ) Tj ET Q q 0 0 0 rg BT 427.66 481.25 Td (a ) Tj ET Q q 0 0 0 rg BT 434.87 481.25 Td (percentage ) Tj ET Q q 0 0 0 rg BT 480.94 481.25 Td (of ) Tj ET Q q 0 0 0 rg BT 492.05 481.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 530.36 481.25 Td (resulted ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 469.25 Td (from ) Tj ET Q q 0 0 0 rg BT 72.47 469.25 Td (the ) Tj ET Q q 0 0 0 rg BT 87.71 469.25 Td (spreading ) Tj ET Q q 0 0 0 rg BT 129.61 469.25 Td (of ) Tj ET Q q 0 0 0 rg BT 140.97 469.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 166.77 469.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 189.79 469.25 Td (over ) Tj ET Q q 0 0 0 rg BT 210.59 469.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 251.37 469.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 289.94 469.25 Td (in ) Tj ET Q q 0 0 0 rg BT 300.74 469.25 Td (the ) Tj ET Q q 0 0 0 rg BT 315.99 469.25 Td (first ) Tj ET Q q 0 0 0 rg BT 335.12 469.25 Td (nine ) Tj ET Q q 0 0 0 rg BT 355.37 469.25 Td (months ) Tj ET Q q 0 0 0 rg BT 387.84 469.25 Td (of ) Tj ET Q q 0 0 0 rg BT 399.20 469.25 Td (2013 ) Tj ET Q q 0 0 0 rg BT 422.23 469.25 Td (as ) Tj ET Q q 0 0 0 rg BT 433.58 469.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 476.04 469.25 Td (to ) Tj ET Q q 0 0 0 rg BT 486.84 469.25 Td (the ) Tj ET Q q 0 0 0 rg BT 502.08 469.25 Td (same ) Tj ET Q q 0 0 0 rg BT 525.66 469.25 Td (period ) Tj ET Q q 0 0 0 rg BT 554.23 469.25 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 457.25 Td (2012.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.50 436.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 90.58 436.25 Td (non-compensation ) Tj ET Q q 0 0 0 rg BT 166.43 436.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 203.93 436.25 Td (as ) Tj ET Q q 0 0 0 rg BT 214.79 436.25 Td (a ) Tj ET Q q 0 0 0 rg BT 221.76 436.25 Td (per) Tj ET Q q 0 0 0 rg BT 234.72 436.25 Td (centage ) Tj ET Q q 0 0 0 rg BT 267.78 436.25 Td (of ) Tj ET Q q 0 0 0 rg BT 277.52 436.25 Td (r) Tj ET Q q 0 0 0 rg BT 281.04 436.25 Td (evenues ) Tj ET Q q 0 0 0 rg BT 314.66 436.25 Td (can ) Tj ET Q q 0 0 0 rg BT 331.06 436.25 Td (vary ) Tj ET Q q 0 0 0 rg BT 350.80 436.25 Td (as ) Tj ET Q q 0 0 0 rg BT 361.66 436.25 Td (a ) Tj ET Q q 0 0 0 rg BT 368.63 436.25 Td (r) Tj ET Q q 0 0 0 rg BT 372.15 436.25 Td (esult ) Tj ET Q q 0 0 0 rg BT 393.00 436.25 Td (of ) Tj ET Q q 0 0 0 rg BT 402.75 436.25 Td (a ) Tj ET Q q 0 0 0 rg BT 409.72 436.25 Td (variety ) Tj ET Q q 0 0 0 rg BT 439.45 436.25 Td (of ) Tj ET Q q 0 0 0 rg BT 449.19 436.25 Td (factors ) Tj ET Q q 0 0 0 rg BT 478.94 436.25 Td (including ) Tj ET Q q 0 0 0 rg BT 518.68 436.25 Td (fluctuation ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 424.25 Td (in ) Tj ET Q q 0 0 0 rg BT 59.80 424.25 Td (r) Tj ET Q q 0 0 0 rg BT 63.32 424.25 Td (evenue ) Tj ET Q q 0 0 0 rg BT 93.10 424.25 Td (amounts, ) Tj ET Q q 0 0 0 rg BT 131.52 424.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 166.31 424.25 Td (in ) Tj ET Q q 0 0 0 rg BT 176.12 424.25 Td (headcount, ) Tj ET Q q 0 0 0 rg BT 222.30 424.25 Td (the ) Tj ET Q q 0 0 0 rg BT 236.54 424.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 268.57 424.25 Td (of ) Tj ET Q q 0 0 0 rg BT 278.37 424.25 Td (r) Tj ET Q q 0 0 0 rg BT 281.89 424.25 Td (ecruiting ) Tj ET Q q 0 0 0 rg BT 320.02 424.25 Td (and ) Tj ET Q q 0 0 0 rg BT 337.04 424.25 Td (business ) Tj ET Q q 0 0 0 rg BT 372.96 424.25 Td (development ) Tj ET Q q 0 0 0 rg BT 425.52 424.25 Td (activity) Tj ET Q q 0 0 0 rg BT 454.40 424.25 Td (, ) Tj ET Q q 0 0 0 rg BT 458.92 424.25 Td (the ) Tj ET Q q 0 0 0 rg BT 473.16 424.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 505.19 424.25 Td (of ) Tj ET Q q 0 0 0 rg BT 514.99 424.25 Td (office ) Tj ET Q q 0 0 0 rg BT 539.23 424.25 Td (space ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 412.25 Td (expansion, ) Tj ET Q q 0 0 0 rg BT 96.01 412.25 Td (the ) Tj ET Q q 0 0 0 rg BT 111.18 412.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 144.15 412.25 Td (of ) Tj ET Q q 0 0 0 rg BT 154.88 412.25 Td (r) Tj ET Q q 0 0 0 rg BT 158.40 412.25 Td (eimbursement ) Tj ET Q q 0 0 0 rg BT 217.46 412.25 Td (of ) Tj ET Q q 0 0 0 rg BT 228.20 412.25 Td (engagement-r) Tj ET Q q 0 0 0 rg BT 283.37 412.25 Td (elated ) Tj ET Q q 0 0 0 rg BT 310.76 412.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 349.26 412.25 Td (by ) Tj ET Q q 0 0 0 rg BT 361.66 412.25 Td (clients, ) Tj ET Q q 0 0 0 rg BT 393.22 412.25 Td (the ) Tj ET Q q 0 0 0 rg BT 408.40 412.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 441.36 412.25 Td (of ) Tj ET Q q 0 0 0 rg BT 452.10 412.25 Td (our ) Tj ET Q q 0 0 0 rg BT 468.95 412.25 Td (short ) Tj ET Q q 0 0 0 rg BT 492.47 412.25 Td (term ) Tj ET Q q 0 0 0 rg BT 513.76 412.25 Td (borr) Tj ET Q q 0 0 0 rg BT 531.18 412.25 Td (owings, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 400.25 Td (inter) Tj ET Q q 0 0 0 rg BT 68.52 400.25 Td (est ) Tj ET Q q 0 0 0 rg BT 81.65 400.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 99.79 400.25 Td (and ) Tj ET Q q 0 0 0 rg BT 116.82 400.25 Td (curr) Tj ET Q q 0 0 0 rg BT 133.67 400.25 Td (ency ) Tj ET Q q 0 0 0 rg BT 154.01 400.25 Td (movements ) Tj ET Q q 0 0 0 rg BT 200.47 400.25 Td (and ) Tj ET Q q 0 0 0 rg BT 217.50 400.25 Td (other ) Tj ET Q q 0 0 0 rg BT 240.64 400.25 Td (factors. ) Tj ET Q q 0 0 0 rg BT 272.80 400.25 Td (Accor) Tj ET Q q 0 0 0 rg BT 296.30 400.25 Td (dingly) Tj ET Q q 0 0 0 rg BT 320.75 400.25 Td (, ) Tj ET Q q 0 0 0 rg BT 325.28 400.25 Td (the ) Tj ET Q q 0 0 0 rg BT 339.52 400.25 Td (non-compensation ) Tj ET Q q 0 0 0 rg BT 415.43 400.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 452.99 400.25 Td (as ) Tj ET Q q 0 0 0 rg BT 463.91 400.25 Td (a ) Tj ET Q q 0 0 0 rg BT 470.94 400.25 Td (per) Tj ET Q q 0 0 0 rg BT 483.90 400.25 Td (centage ) Tj ET Q q 0 0 0 rg BT 517.02 400.25 Td (of ) Tj ET Q q 0 0 0 rg BT 526.83 400.25 Td (r) Tj ET Q q 0 0 0 rg BT 530.35 400.25 Td (evenues ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 388.25 Td (in ) Tj ET Q q 0 0 0 rg BT 60.28 388.25 Td (any ) Tj ET Q q 0 0 0 rg BT 77.22 388.25 Td (particular ) Tj ET Q q 0 0 0 rg BT 120.27 388.25 Td (period ) Tj ET Q q 0 0 0 rg BT 148.88 388.25 Td (may ) Tj ET Q q 0 0 0 rg BT 168.04 388.25 Td (not ) Tj ET Q q 0 0 0 rg BT 183.32 388.25 Td (be ) Tj ET Q q 0 0 0 rg BT 195.26 388.25 Td (indicative ) Tj ET Q q 0 0 0 rg BT 237.19 388.25 Td (of ) Tj ET Q q 0 0 0 rg BT 247.47 388.25 Td (the ) Tj ET Q q 0 0 0 rg BT 262.18 388.25 Td (non-compensation ) Tj ET Q q 0 0 0 rg BT 338.56 388.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 376.60 388.25 Td (as ) Tj ET Q q 0 0 0 rg BT 387.99 388.25 Td (a ) Tj ET Q q 0 0 0 rg BT 395.49 388.25 Td (per) Tj ET Q q 0 0 0 rg BT 408.45 388.25 Td (centage ) Tj ET Q q 0 0 0 rg BT 442.04 388.25 Td (of ) Tj ET Q q 0 0 0 rg BT 452.32 388.25 Td (r) Tj ET Q q 0 0 0 rg BT 455.84 388.25 Td (evenues ) Tj ET Q q 0 0 0 rg BT 489.99 388.25 Td (in ) Tj ET Q q 0 0 0 rg BT 500.26 388.25 Td (futur) Tj ET Q q 0 0 0 rg BT 519.34 388.25 Td (e ) Tj ET Q q 0 0 0 rg BT 526.28 388.25 Td (periods.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 365.25 Td (Pr) Tj ET Q q 0 0 0 rg BT 60.37 365.25 Td (ovision for) Tj ET Q q 0 0 0 rg BT 105.46 365.25 Td ( Income ) Tj ET Q q 0 0 0 rg BT 141.94 365.25 Td (T) Tj ET Q q 0 0 0 rg BT 147.70 365.25 Td (axes) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 348.75 Td (During ) Tj ET Q q 0 0 0 rg BT 105.04 348.75 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 119.96 348.75 Td (third ) Tj ET Q q 0 0 0 rg BT 141.56 348.75 Td (quarter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 169.88 348.75 Td ( ) Tj ET Q q 0 0 0 rg BT 172.58 348.75 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 183.62 348.75 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 203.62 348.75 Td (, ) Tj ET Q q 0 0 0 rg BT 208.83 348.75 Td (the ) Tj ET Q q 0 0 0 rg BT 223.76 348.75 Td (provision ) Tj ET Q q 0 0 0 rg BT 264.25 348.75 Td (for ) Tj ET Q q 0 0 0 rg BT 278.62 348.75 Td (income ) Tj ET Q q 0 0 0 rg BT 310.76 348.75 Td (taxes ) Tj ET Q q 0 0 0 rg BT 334.01 348.75 Td (was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 352.27 348.75 Td ($1.2 ) Tj ET Q q 0 0 0 rg BT 372.48 348.75 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 401.38 348.75 Td (, ) Tj ET Q q 0 0 0 rg BT 406.58 348.75 Td (which ) Tj ET Q q 0 0 0 rg BT 433.73 348.75 Td (reflected ) Tj ET Q q 0 0 0 rg BT 471.41 348.75 Td (an ) Tj ET Q q 0 0 0 rg BT 483.56 348.75 Td (ef) Tj ET Q q 0 0 0 rg BT 491.15 348.75 Td (fective ) Tj ET Q q 0 0 0 rg BT 521.06 348.75 Td (tax ) Tj ET Q q 0 0 0 rg BT 535.98 348.75 Td (rate ) Tj ET Q q 0 0 0 rg BT 553.68 348.75 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 336.75 Td (39%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.33 336.75 Td (. ) Tj ET Q q 0 0 0 rg BT 73.00 336.75 Td ( ) Tj ET Q q 0 0 0 rg BT 75.02 336.75 Td (This ) Tj ET Q q 0 0 0 rg BT 94.97 336.75 Td (compared ) Tj ET Q q 0 0 0 rg BT 136.57 336.75 Td (to ) Tj ET Q q 0 0 0 rg BT 146.52 336.75 Td (a ) Tj ET Q q 0 0 0 rg BT 153.14 336.75 Td (provision ) Tj ET Q q 0 0 0 rg BT 193.09 336.75 Td (for ) Tj ET Q q 0 0 0 rg BT 206.92 336.75 Td (income ) Tj ET Q q 0 0 0 rg BT 238.53 336.75 Td (taxes ) Tj ET Q q 0 0 0 rg BT 261.25 336.75 Td (in ) Tj ET Q q 0 0 0 rg BT 271.21 336.75 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 285.60 336.75 Td (third ) Tj ET Q q 0 0 0 rg BT 306.66 336.75 Td (quarter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 334.97 336.75 Td ( ) Tj ET Q q 0 0 0 rg BT 337.15 336.75 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 347.65 336.75 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 367.65 336.75 Td ( ) Tj ET Q q 0 0 0 rg BT 369.83 336.75 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 380.33 336.75 Td ($5.4 ) Tj ET Q q 0 0 0 rg BT 400.01 336.75 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 428.90 336.75 Td (, ) Tj ET Q q 0 0 0 rg BT 433.57 336.75 Td (which ) Tj ET Q q 0 0 0 rg BT 460.18 336.75 Td (also ) Tj ET Q q 0 0 0 rg BT 478.47 336.75 Td (reflected ) Tj ET Q q 0 0 0 rg BT 515.61 336.75 Td (an ) Tj ET Q q 0 0 0 rg BT 527.23 336.75 Td (ef) Tj ET Q q 0 0 0 rg BT 534.81 336.75 Td (fective ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 324.75 Td (tax ) Tj ET Q q 0 0 0 rg BT 64.99 324.75 Td (rate ) Tj ET Q q 0 0 0 rg BT 82.75 324.75 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 93.85 324.75 Td (39%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 112.18 324.75 Td (. ) Tj ET Q q 0 0 0 rg BT 117.46 324.75 Td ( ) Tj ET Q q 0 0 0 rg BT 120.03 324.75 Td (The ) Tj ET Q q 0 0 0 rg BT 138.35 324.75 Td (decrease ) Tj ET Q q 0 0 0 rg BT 175.54 324.75 Td (in ) Tj ET Q q 0 0 0 rg BT 186.09 324.75 Td (the ) Tj ET Q q 0 0 0 rg BT 201.08 324.75 Td (provision ) Tj ET Q q 0 0 0 rg BT 241.63 324.75 Td (for ) Tj ET Q q 0 0 0 rg BT 256.06 324.75 Td (income ) Tj ET Q q 0 0 0 rg BT 288.27 324.75 Td (taxes ) Tj ET Q q 0 0 0 rg BT 311.59 324.75 Td (in ) Tj ET Q q 0 0 0 rg BT 322.14 324.75 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 337.13 324.75 Td (third ) Tj ET Q q 0 0 0 rg BT 358.79 324.75 Td (quarter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 387.11 324.75 Td ( ) Tj ET Q q 0 0 0 rg BT 389.88 324.75 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.99 324.75 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 420.99 324.75 Td ( ) Tj ET Q q 0 0 0 rg BT 423.76 324.75 Td (as ) Tj ET Q q 0 0 0 rg BT 434.86 324.75 Td (compared ) Tj ET Q q 0 0 0 rg BT 477.06 324.75 Td (to ) Tj ET Q q 0 0 0 rg BT 487.61 324.75 Td (the ) Tj ET Q q 0 0 0 rg BT 502.60 324.75 Td (same ) Tj ET Q q 0 0 0 rg BT 525.92 324.75 Td (period ) Tj ET Q q 0 0 0 rg BT 554.24 324.75 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 312.75 Td (2012 ) Tj ET Q q 0 0 0 rg BT 72.50 312.75 Td (was ) Tj ET Q q 0 0 0 rg BT 90.55 312.75 Td (attributable ) Tj ET Q q 0 0 0 rg BT 138.59 312.75 Td (to ) Tj ET Q q 0 0 0 rg BT 148.87 312.75 Td (lower ) Tj ET Q q 0 0 0 rg BT 174.14 312.75 Td (pre-tax ) Tj ET Q q 0 0 0 rg BT 204.95 312.75 Td (income. ) Tj ET Q q 0 0 0 rg BT 239.38 312.75 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 296.25 Td (For ) Tj ET Q q 0 0 0 rg BT 90.32 296.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.96 296.25 Td (nine ) Tj ET Q q 0 0 0 rg BT 124.60 296.25 Td (months ) Tj ET Q q 0 0 0 rg BT 156.48 296.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 182.78 296.25 Td (September ) Tj ET Q q 0 0 0 rg BT 227.97 296.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 242.89 296.25 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 262.89 296.25 Td (, ) Tj ET Q q 0 0 0 rg BT 267.82 296.25 Td (the ) Tj ET Q q 0 0 0 rg BT 282.46 296.25 Td (provision ) Tj ET Q q 0 0 0 rg BT 322.67 296.25 Td (for ) Tj ET Q q 0 0 0 rg BT 336.75 296.25 Td (taxes ) Tj ET Q q 0 0 0 rg BT 359.73 296.25 Td (was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 377.70 296.25 Td ($19.1 ) Tj ET Q q 0 0 0 rg BT 402.63 296.25 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 431.52 296.25 Td (, ) Tj ET Q q 0 0 0 rg BT 436.45 296.25 Td (which ) Tj ET Q q 0 0 0 rg BT 463.31 296.25 Td (reflected ) Tj ET Q q 0 0 0 rg BT 500.71 296.25 Td (an ) Tj ET Q q 0 0 0 rg BT 512.57 296.25 Td (ef) Tj ET Q q 0 0 0 rg BT 520.16 296.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 549.79 296.25 Td (tax ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 284.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 66.87 284.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.08 284.25 Td (38%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.42 284.25 Td (. ) Tj ET Q q 0 0 0 rg BT 99.80 284.25 Td ( ) Tj ET Q q 0 0 0 rg BT 101.55 284.25 Td (This ) Tj ET Q q 0 0 0 rg BT 121.21 284.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 162.52 284.25 Td (to ) Tj ET Q q 0 0 0 rg BT 172.18 284.25 Td (a ) Tj ET Q q 0 0 0 rg BT 178.51 284.25 Td (provision ) Tj ET Q q 0 0 0 rg BT 218.17 284.25 Td (for ) Tj ET Q q 0 0 0 rg BT 231.71 284.25 Td (taxes ) Tj ET Q q 0 0 0 rg BT 254.15 284.25 Td (for ) Tj ET Q q 0 0 0 rg BT 267.69 284.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 281.79 284.25 Td (nine ) Tj ET Q q 0 0 0 rg BT 300.89 284.25 Td (months ) Tj ET Q q 0 0 0 rg BT 332.23 284.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 357.99 284.25 Td (September ) Tj ET Q q 0 0 0 rg BT 402.64 284.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 417.02 284.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 437.02 284.25 Td ( ) Tj ET Q q 0 0 0 rg BT 438.91 284.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.12 284.25 Td ($15.3 ) Tj ET Q q 0 0 0 rg BT 473.51 284.25 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 502.40 284.25 Td (, ) Tj ET Q q 0 0 0 rg BT 506.78 284.25 Td (at ) Tj ET Q q 0 0 0 rg BT 515.88 284.25 Td (an ) Tj ET Q q 0 0 0 rg BT 527.21 284.25 Td (ef) Tj ET Q q 0 0 0 rg BT 534.80 284.25 Td (fective ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 272.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 64.91 272.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 82.58 272.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 93.60 272.25 Td (36%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 111.93 272.25 Td ( ) Tj ET Q q 0 0 0 rg BT 114.62 272.25 Td (for ) Tj ET Q q 0 0 0 rg BT 128.97 272.25 Td (the ) Tj ET Q q 0 0 0 rg BT 143.88 272.25 Td (period. ) Tj ET Q q 0 0 0 rg BT 174.62 272.25 Td ( ) Tj ET Q q 0 0 0 rg BT 177.12 272.25 Td (The ) Tj ET Q q 0 0 0 rg BT 195.35 272.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 230.80 272.25 Td (in ) Tj ET Q q 0 0 0 rg BT 241.27 272.25 Td (the ) Tj ET Q q 0 0 0 rg BT 256.17 272.25 Td (provision ) Tj ET Q q 0 0 0 rg BT 296.64 272.25 Td (for ) Tj ET Q q 0 0 0 rg BT 310.99 272.25 Td (income ) Tj ET Q q 0 0 0 rg BT 343.12 272.25 Td (taxes ) Tj ET Q q 0 0 0 rg BT 366.35 272.25 Td (in ) Tj ET Q q 0 0 0 rg BT 376.82 272.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 391.73 272.25 Td (nine ) Tj ET Q q 0 0 0 rg BT 411.64 272.25 Td (months ) Tj ET Q q 0 0 0 rg BT 443.78 272.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 470.34 272.25 Td (September ) Tj ET Q q 0 0 0 rg BT 515.80 272.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 530.99 272.25 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 550.99 272.25 Td ( ) Tj ET Q q 0 0 0 rg BT 553.68 272.25 Td (as ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 260.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 91.17 260.25 Td (to ) Tj ET Q q 0 0 0 rg BT 100.70 260.25 Td (the ) Tj ET Q q 0 0 0 rg BT 114.67 260.25 Td (same ) Tj ET Q q 0 0 0 rg BT 136.96 260.25 Td (period ) Tj ET Q q 0 0 0 rg BT 164.26 260.25 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 173.79 260.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 193.79 260.25 Td ( ) Tj ET Q q 0 0 0 rg BT 195.54 260.25 Td (was ) Tj ET Q q 0 0 0 rg BT 212.84 260.25 Td (due ) Tj ET Q q 0 0 0 rg BT 229.03 260.25 Td (to ) Tj ET Q q 0 0 0 rg BT 238.55 260.25 Td (both ) Tj ET Q q 0 0 0 rg BT 258.08 260.25 Td (higher ) Tj ET Q q 0 0 0 rg BT 285.38 260.25 Td (pre-tax ) Tj ET Q q 0 0 0 rg BT 315.44 260.25 Td (income ) Tj ET Q q 0 0 0 rg BT 346.63 260.25 Td (and ) Tj ET Q q 0 0 0 rg BT 362.81 260.25 Td (a ) Tj ET Q q 0 0 0 rg BT 369.00 260.25 Td (higher ) Tj ET Q q 0 0 0 rg BT 396.30 260.25 Td (ef) Tj ET Q q 0 0 0 rg BT 403.89 260.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 432.84 260.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 446.81 260.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 463.54 260.25 Td (related ) Tj ET Q q 0 0 0 rg BT 492.49 260.25 Td (to ) Tj ET Q q 0 0 0 rg BT 502.02 260.25 Td (non-deductible ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 248.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 79.15 248.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 105.54 248.25 Td (from ) Tj ET Q q 0 0 0 rg BT 127.48 248.25 Td (the ) Tj ET Q q 0 0 0 rg BT 142.20 248.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 160.24 248.25 Td (of ) Tj ET Q q 0 0 0 rg BT 171.07 248.25 Td (Iridium ) Tj ET Q q 0 0 0 rg BT 203.57 248.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 231.06 248.25 Td (held ) Tj ET Q q 0 0 0 rg BT 250.78 248.25 Td (by ) Tj ET Q q 0 0 0 rg BT 263.28 248.25 Td (our ) Tj ET Q q 0 0 0 rg BT 279.11 248.25 Td (European ) Tj ET Q q 0 0 0 rg BT 319.92 248.25 Td (af) Tj ET Q q 0 0 0 rg BT 327.51 248.25 Td (filiate. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 74.00 227.25 Td (The ) Tj ET Q q 0 0 0 rg BT 90.83 227.25 Td (effective ) Tj ET Q q 0 0 0 rg BT 125.97 227.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 140.02 227.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 157.96 227.25 Td (can ) Tj ET Q q 0 0 0 rg BT 174.22 227.25 Td (fluctuate ) Tj ET Q q 0 0 0 rg BT 211.05 227.25 Td (as ) Tj ET Q q 0 0 0 rg BT 221.77 227.25 Td (a ) Tj ET Q q 0 0 0 rg BT 228.60 227.25 Td (r) Tj ET Q q 0 0 0 rg BT 232.12 227.25 Td (esult ) Tj ET Q q 0 0 0 rg BT 252.84 227.25 Td (of ) Tj ET Q q 0 0 0 rg BT 262.45 227.25 Td (variations ) Tj ET Q q 0 0 0 rg BT 304.83 227.25 Td (in ) Tj ET Q q 0 0 0 rg BT 314.44 227.25 Td (the ) Tj ET Q q 0 0 0 rg BT 328.49 227.25 Td (r) Tj ET Q q 0 0 0 rg BT 332.01 227.25 Td (elative ) Tj ET Q q 0 0 0 rg BT 360.49 227.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 396.22 227.25 Td (of ) Tj ET Q q 0 0 0 rg BT 405.83 227.25 Td (advisory ) Tj ET Q q 0 0 0 rg BT 442.10 227.25 Td (and ) Tj ET Q q 0 0 0 rg BT 458.93 227.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 503.52 227.25 Td (income ) Tj ET Q q 0 0 0 rg BT 534.23 227.25 Td (earned ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 215.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.81 215.25 Td (the ) Tj ET Q q 0 0 0 rg BT 80.84 215.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 94.87 215.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 112.78 215.25 Td (imposed ) Tj ET Q q 0 0 0 rg BT 147.92 215.25 Td (in ) Tj ET Q q 0 0 0 rg BT 157.51 215.25 Td (the ) Tj ET Q q 0 0 0 rg BT 171.54 215.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 185.57 215.25 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 237.38 215.25 Td (in ) Tj ET Q q 0 0 0 rg BT 246.97 215.25 Td (which ) Tj ET Q q 0 0 0 rg BT 272.67 215.25 Td (we ) Tj ET Q q 0 0 0 rg BT 285.59 215.25 Td (operate ) Tj ET Q q 0 0 0 rg BT 317.95 215.25 Td (and ) Tj ET Q q 0 0 0 rg BT 334.76 215.25 Td (invest. ) Tj ET Q q 0 0 0 rg BT 362.26 215.25 Td (Accor) Tj ET Q q 0 0 0 rg BT 385.77 215.25 Td (dingly) Tj ET Q q 0 0 0 rg BT 410.21 215.25 Td (, ) Tj ET Q q 0 0 0 rg BT 414.52 215.25 Td (the ) Tj ET Q q 0 0 0 rg BT 428.55 215.25 Td (effective ) Tj ET Q q 0 0 0 rg BT 463.67 215.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 477.69 215.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 495.61 215.25 Td (in ) Tj ET Q q 0 0 0 rg BT 505.20 215.25 Td (any ) Tj ET Q q 0 0 0 rg BT 521.45 215.25 Td (particular ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 203.25 Td (period ) Tj ET Q q 0 0 0 rg BT 78.61 203.25 Td (may ) Tj ET Q q 0 0 0 rg BT 97.77 203.25 Td (not ) Tj ET Q q 0 0 0 rg BT 113.05 203.25 Td (be ) Tj ET Q q 0 0 0 rg BT 124.99 203.25 Td (indicative ) Tj ET Q q 0 0 0 rg BT 166.91 203.25 Td (of ) Tj ET Q q 0 0 0 rg BT 177.19 203.25 Td (the ) Tj ET Q q 0 0 0 rg BT 191.91 203.25 Td (effective ) Tj ET Q q 0 0 0 rg BT 227.71 203.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 242.43 203.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 261.04 203.25 Td (in ) Tj ET Q q 0 0 0 rg BT 271.32 203.25 Td (futur) Tj ET Q q 0 0 0 rg BT 290.40 203.25 Td (e ) Tj ET Q q 0 0 0 rg BT 297.33 203.25 Td (periods.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 171.25 Td (Liquidity and Capital Resour) Tj ET Q q 0 0 0 rg BT 175.68 171.25 Td (ces) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 150.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 91.62 150.25 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 129.08 150.25 Td (position ) Tj ET Q q 0 0 0 rg BT 164.88 150.25 Td (is ) Tj ET Q q 0 0 0 rg BT 175.11 150.25 Td (monitored ) Tj ET Q q 0 0 0 rg BT 219.79 150.25 Td (by ) Tj ET Q q 0 0 0 rg BT 233.35 150.25 Td (our ) Tj ET Q q 0 0 0 rg BT 250.25 150.25 Td (Management ) Tj ET Q q 0 0 0 rg BT 306.02 150.25 Td (Committee, ) Tj ET Q q 0 0 0 rg BT 356.53 150.25 Td (which ) Tj ET Q q 0 0 0 rg BT 384.54 150.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 425.31 150.25 Td (meets ) Tj ET Q q 0 0 0 rg BT 452.20 150.25 Td (monthly) Tj ET Q q 0 0 0 rg BT 484.89 150.25 Td (. ) Tj ET Q q 0 0 0 rg BT 490.70 150.25 Td (The ) Tj ET Q q 0 0 0 rg BT 509.81 150.25 Td (Management ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 138.25 Td (Committee ) Tj ET Q q 0 0 0 rg BT 97.55 138.25 Td (monitors ) Tj ET Q q 0 0 0 rg BT 136.21 138.25 Td (cash, ) Tj ET Q q 0 0 0 rg BT 159.58 138.25 Td (other ) Tj ET Q q 0 0 0 rg BT 183.24 138.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 228.56 138.25 Td (working ) Tj ET Q q 0 0 0 rg BT 264.99 138.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 294.75 138.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 321.19 138.25 Td (and ) Tj ET Q q 0 0 0 rg BT 338.73 138.25 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 381.56 138.25 Td (debt, ) Tj ET Q q 0 0 0 rg BT 404.38 138.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 443.03 138.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 490.02 138.25 Td (commitments ) Tj ET Q q 0 0 0 rg BT 547.56 138.25 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 126.25 Td (other ) Tj ET Q q 0 0 0 rg BT 72.49 126.25 Td (matters ) Tj ET Q q 0 0 0 rg BT 103.88 126.25 Td (relating ) Tj ET Q q 0 0 0 rg BT 136.36 126.25 Td (to ) Tj ET Q q 0 0 0 rg BT 146.09 126.25 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 181.93 126.25 Td (requirements. ) Tj ET Q q 0 0 0 rg BT 238.44 126.25 Td (W) Tj ET Q q 0 0 0 rg BT 247.07 126.25 Td (e ) Tj ET Q q 0 0 0 rg BT 253.46 126.25 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 288.72 126.25 Td (our ) Tj ET Q q 0 0 0 rg BT 304.00 126.25 Td (liquid ) Tj ET Q q 0 0 0 rg BT 329.28 126.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 348.99 126.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 388.70 126.25 Td (position ) Tj ET Q q 0 0 0 rg BT 422.88 126.25 Td (on ) Tj ET Q q 0 0 0 rg BT 434.83 126.25 Td (a ) Tj ET Q q 0 0 0 rg BT 441.21 126.25 Td (regular ) Tj ET Q q 0 0 0 rg BT 471.47 126.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 493.42 126.25 Td (in ) Tj ET Q q 0 0 0 rg BT 503.15 126.25 Td (light ) Tj ET Q q 0 0 0 rg BT 523.43 126.25 Td (of ) Tj ET Q q 0 0 0 rg BT 533.71 126.25 Td (current ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 114.25 Td (market ) Tj ET Q q 0 0 0 rg BT 79.77 114.25 Td (conditions. ) Tj ET Q q 0 0 0 rg BT 125.49 114.25 Td (As ) Tj ET Q q 0 0 0 rg BT 138.61 114.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 148.94 114.25 Td (September30, ) Tj ET Q q 0 0 0 rg BT 208.70 114.25 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 228.70 114.25 Td (, ) Tj ET Q q 0 0 0 rg BT 233.21 114.25 Td (we ) Tj ET Q q 0 0 0 rg BT 246.87 114.25 Td (had ) Tj ET Q q 0 0 0 rg BT 263.31 114.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 283.08 114.25 Td (and ) Tj ET Q q 0 0 0 rg BT 299.52 114.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 319.29 114.25 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 366.83 114.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 377.17 114.25 Td ($30.3 ) Tj ET Q q 0 0 0 rg BT 401.67 114.25 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 430.56 114.25 Td (, ) Tj ET Q q 0 0 0 rg BT 435.06 114.25 Td (of ) Tj ET Q q 0 0 0 rg BT 445.39 114.25 Td (which ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 471.83 114.25 Td ($21.5 ) Tj ET Q q 0 0 0 rg BT 496.34 114.25 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.23 114.25 Td ( ) Tj ET Q q 0 0 0 rg BT 527.23 114.25 Td (was ) Tj ET Q q 0 0 0 rg BT 544.78 114.25 Td (held ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 102.25 Td (outside ) Tj ET Q q 0 0 0 rg BT 81.01 102.25 Td (the ) Tj ET Q q 0 0 0 rg BT 95.35 102.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 115.26 102.25 Td ( ) Tj ET Q q 0 0 0 rg BT 117.23 102.25 Td (W) Tj ET Q q 0 0 0 rg BT 125.87 102.25 Td (e ) Tj ET Q q 0 0 0 rg BT 132.44 102.25 Td (retain ) Tj ET Q q 0 0 0 rg BT 157.33 102.25 Td (our ) Tj ET Q q 0 0 0 rg BT 172.78 102.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 192.68 102.25 Td (in ) Tj ET Q q 0 0 0 rg BT 202.58 102.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 239.69 102.25 Td (institutions ) Tj ET Q q 0 0 0 rg BT 286.26 102.25 Td (with ) Tj ET Q q 0 0 0 rg BT 306.17 102.25 Td (high ) Tj ET Q q 0 0 0 rg BT 326.07 102.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 350.96 102.25 Td (ratings ) Tj ET Q q 0 0 0 rg BT 380.30 102.25 Td (and/or ) Tj ET Q q 0 0 0 rg BT 407.98 102.25 Td (invest ) Tj ET Q q 0 0 0 rg BT 433.99 102.25 Td (in ) Tj ET Q q 0 0 0 rg BT 443.89 102.25 Td (short-term ) Tj ET Q q 0 0 0 rg BT 487.67 102.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 537.57 102.25 Td (which ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 90.25 Td (are ) Tj ET Q q 0 0 0 rg BT 64.71 90.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 102.74 90.25 Td (to ) Tj ET Q q 0 0 0 rg BT 113.02 90.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 146.06 90.25 Td (liquidity) Tj ET Q q 0 0 0 rg BT 179.31 90.25 Td (. ) Tj ET Q endstream endobj 53 0 obj <> endobj 54 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (26) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 742.10 Td (W) Tj ET Q q 0 0 0 rg BT 81.14 742.10 Td (e ) Tj ET Q q 0 0 0 rg BT 88.14 742.10 Td (generate ) Tj ET Q q 0 0 0 rg BT 124.58 742.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 144.91 742.10 Td (from ) Tj ET Q q 0 0 0 rg BT 166.92 742.10 Td (our ) Tj ET Q q 0 0 0 rg BT 182.82 742.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 223.15 742.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 261.82 742.10 Td (principally ) Tj ET Q q 0 0 0 rg BT 307.71 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 318.05 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 332.84 742.10 Td (form ) Tj ET Q q 0 0 0 rg BT 354.84 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 365.74 742.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 402.75 742.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 421.42 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 438.42 742.10 Td (our ) Tj ET Q q 0 0 0 rg BT 454.32 742.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 500.77 742.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 539.44 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 549.79 742.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (form ) Tj ET Q q 0 0 0 rg BT 71.78 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 82.45 730.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 120.33 730.10 Td (from ) Tj ET Q q 0 0 0 rg BT 142.12 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 156.67 730.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 178.46 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 195.24 730.10 Td (distributions ) Tj ET Q q 0 0 0 rg BT 247.58 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 258.26 730.10 Td (our ) Tj ET Q q 0 0 0 rg BT 273.93 730.10 Td (investments. ) Tj ET Q q 0 0 0 rg BT 326.38 730.10 Td (W) Tj ET Q q 0 0 0 rg BT 335.02 730.10 Td (e ) Tj ET Q q 0 0 0 rg BT 341.80 730.10 Td (use ) Tj ET Q q 0 0 0 rg BT 357.47 730.10 Td (our ) Tj ET Q q 0 0 0 rg BT 373.14 730.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 393.25 730.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 432.81 730.10 Td (for ) Tj ET Q q 0 0 0 rg BT 446.81 730.10 Td (recurring ) Tj ET Q q 0 0 0 rg BT 485.80 730.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 525.91 730.10 Td (expenses ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.45 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 82.67 718.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 120.11 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 131.45 718.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 173.34 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 190.79 718.10 Td (non-recurring ) Tj ET Q q 0 0 0 rg BT 248.77 718.10 Td (disbursements ) Tj ET Q q 0 0 0 rg BT 309.00 718.10 Td (such ) Tj ET Q q 0 0 0 rg BT 330.34 718.10 Td (as ) Tj ET Q q 0 0 0 rg BT 341.67 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 356.90 718.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 403.21 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 414.55 718.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 442.55 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 453.89 718.10 Td (our ) Tj ET Q q 0 0 0 rg BT 470.22 718.10 Td (common ) Tj ET Q q 0 0 0 rg BT 508.23 718.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 532.34 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 549.79 718.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 83.63 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 94.49 706.10 Td (leasehold ) Tj ET Q q 0 0 0 rg BT 134.77 706.10 Td (improvements ) Tj ET Q q 0 0 0 rg BT 194.51 706.10 Td (for ) Tj ET Q q 0 0 0 rg BT 208.69 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 223.43 706.10 Td (build ) Tj ET Q q 0 0 0 rg BT 246.51 706.10 Td (out ) Tj ET Q q 0 0 0 rg BT 261.81 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 272.67 706.10 Td (of) Tj ET Q q 0 0 0 rg BT 280.82 706.10 Td (fice ) Tj ET Q q 0 0 0 rg BT 298.33 706.10 Td (space. ) Tj ET Q q 0 0 0 rg BT 325.56 706.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 343.63 706.10 Td (recurring ) Tj ET Q q 0 0 0 rg BT 382.80 706.10 Td (monthly ) Tj ET Q q 0 0 0 rg BT 418.66 706.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 458.95 706.10 Td (disbursements ) Tj ET Q q 0 0 0 rg BT 518.69 706.10 Td (principally ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (consist ) Tj ET Q q 0 0 0 rg BT 79.71 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 89.97 694.10 Td (base ) Tj ET Q q 0 0 0 rg BT 109.67 694.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 167.14 694.10 Td (expense, ) Tj ET Q q 0 0 0 rg BT 203.78 694.10 Td (occupancy) Tj ET Q q 0 0 0 rg BT 245.88 694.10 Td (, ) Tj ET Q q 0 0 0 rg BT 250.31 694.10 Td (travel ) Tj ET Q q 0 0 0 rg BT 275.01 694.10 Td (and ) Tj ET Q q 0 0 0 rg BT 291.37 694.10 Td (entertainment, ) Tj ET Q q 0 0 0 rg BT 350.78 694.10 Td (and ) Tj ET Q q 0 0 0 rg BT 367.15 694.10 Td (other ) Tj ET Q q 0 0 0 rg BT 389.63 694.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 429.32 694.10 Td (expenses. ) Tj ET Q q 0 0 0 rg BT 469.85 694.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 487.33 694.10 Td (recurring ) Tj ET Q q 0 0 0 rg BT 525.91 694.10 Td (quarterly ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.44 682.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 97.09 682.10 Td (disbursements ) Tj ET Q q 0 0 0 rg BT 157.30 682.10 Td (consist ) Tj ET Q q 0 0 0 rg BT 188.08 682.10 Td (of ) Tj ET Q q 0 0 0 rg BT 199.40 682.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 220.17 682.10 Td (bonus ) Tj ET Q q 0 0 0 rg BT 247.06 682.10 Td (payments, ) Tj ET Q q 0 0 0 rg BT 290.88 682.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 306.09 682.10 Td (payments, ) Tj ET Q q 0 0 0 rg BT 349.92 682.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 387.91 682.10 Td (payments, ) Tj ET Q q 0 0 0 rg BT 431.73 682.10 Td (and ) Tj ET Q q 0 0 0 rg BT 449.17 682.10 Td (repurchases ) Tj ET Q q 0 0 0 rg BT 499.36 682.10 Td (of ) Tj ET Q q 0 0 0 rg BT 510.69 682.10 Td (our ) Tj ET Q q 0 0 0 rg BT 527.02 682.10 Td (common ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 73.94 670.10 Td (from ) Tj ET Q q 0 0 0 rg BT 96.20 670.10 Td (our ) Tj ET Q q 0 0 0 rg BT 112.36 670.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 157.95 670.10 Td (in ) Tj ET Q q 0 0 0 rg BT 168.55 670.10 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 218.59 670.10 Td (with ) Tj ET Q q 0 0 0 rg BT 239.20 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 254.24 670.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 291.50 670.10 Td (of ) Tj ET Q q 0 0 0 rg BT 302.66 670.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 317.71 670.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 357.75 670.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 393.89 670.10 Td (on ) Tj ET Q q 0 0 0 rg BT 406.72 670.10 Td (vesting ) Tj ET Q q 0 0 0 rg BT 438.43 670.10 Td (of ) Tj ET Q q 0 0 0 rg BT 449.59 670.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 489.62 670.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 513.55 670.10 Td (units. ) Tj ET Q q 0 0 0 rg BT 538.13 670.10 Td (These ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 86.39 658.10 Td (vary ) Tj ET Q q 0 0 0 rg BT 106.66 658.10 Td (depending ) Tj ET Q q 0 0 0 rg BT 150.81 658.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 173.31 658.10 Td (our ) Tj ET Q q 0 0 0 rg BT 189.14 658.10 Td (profitability ) Tj ET Q q 0 0 0 rg BT 239.41 658.10 Td (and ) Tj ET Q q 0 0 0 rg BT 256.35 658.10 Td (other ) Tj ET Q q 0 0 0 rg BT 279.39 658.10 Td (factors. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 637.10 Td (Because ) Tj ET Q q 0 0 0 rg BT 108.16 637.10 Td (a ) Tj ET Q q 0 0 0 rg BT 114.95 637.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 146.19 637.10 Td (of ) Tj ET Q q 0 0 0 rg BT 156.87 637.10 Td (the ) Tj ET Q q 0 0 0 rg BT 171.43 637.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 229.32 637.10 Td (we ) Tj ET Q q 0 0 0 rg BT 243.33 637.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 260.12 637.10 Td (to ) Tj ET Q q 0 0 0 rg BT 270.24 637.10 Td (our ) Tj ET Q q 0 0 0 rg BT 285.92 637.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 331.04 637.10 Td (is ) Tj ET Q q 0 0 0 rg BT 340.05 637.10 Td (distributed ) Tj ET Q q 0 0 0 rg BT 385.18 637.10 Td (in ) Tj ET Q q 0 0 0 rg BT 395.30 637.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 424.31 637.10 Td (bonus ) Tj ET Q q 0 0 0 rg BT 450.55 637.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 481.22 637.10 Td (\(usually ) Tj ET Q q 0 0 0 rg BT 515.78 637.10 Td (in ) Tj ET Q q 0 0 0 rg BT 525.91 637.10 Td (February ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 625.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.92 625.10 Td (each ) Tj ET Q q 0 0 0 rg BT 81.82 625.10 Td (year\), ) Tj ET Q q 0 0 0 rg BT 107.45 625.10 Td (our ) Tj ET Q q 0 0 0 rg BT 123.37 625.10 Td (net ) Tj ET Q q 0 0 0 rg BT 138.18 625.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 158.53 625.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 191.66 625.10 Td (is ) Tj ET Q q 0 0 0 rg BT 200.92 625.10 Td (typically ) Tj ET Q q 0 0 0 rg BT 238.49 625.10 Td (at ) Tj ET Q q 0 0 0 rg BT 248.30 625.10 Td (its ) Tj ET Q q 0 0 0 rg BT 260.34 625.10 Td (lowest ) Tj ET Q q 0 0 0 rg BT 289.04 625.10 Td (level ) Tj ET Q q 0 0 0 rg BT 311.06 625.10 Td (during ) Tj ET Q q 0 0 0 rg BT 339.76 625.10 Td (the ) Tj ET Q q 0 0 0 rg BT 354.56 625.10 Td (first ) Tj ET Q q 0 0 0 rg BT 373.26 625.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 404.17 625.10 Td (of ) Tj ET Q q 0 0 0 rg BT 415.08 625.10 Td (each ) Tj ET Q q 0 0 0 rg BT 435.99 625.10 Td (year ) Tj ET Q q 0 0 0 rg BT 455.79 625.10 Td (and ) Tj ET Q q 0 0 0 rg BT 472.81 625.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 512.61 625.10 Td (accumulates ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 613.10 Td (from ) Tj ET Q q 0 0 0 rg BT 71.79 613.10 Td (our ) Tj ET Q q 0 0 0 rg BT 87.47 613.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 127.59 613.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 166.04 613.10 Td (throughout ) Tj ET Q q 0 0 0 rg BT 212.28 613.10 Td (the ) Tj ET Q q 0 0 0 rg BT 226.85 613.10 Td (remainder ) Tj ET Q q 0 0 0 rg BT 269.73 613.10 Td (of ) Tj ET Q q 0 0 0 rg BT 280.42 613.10 Td (the ) Tj ET Q q 0 0 0 rg BT 294.99 613.10 Td (year) Tj ET Q q 0 0 0 rg BT 311.64 613.10 Td (. ) Tj ET Q q 0 0 0 rg BT 316.49 613.10 Td (In ) Tj ET Q q 0 0 0 rg BT 327.18 613.10 Td (general, ) Tj ET Q q 0 0 0 rg BT 361.45 613.10 Td (we ) Tj ET Q q 0 0 0 rg BT 375.47 613.10 Td (collect ) Tj ET Q q 0 0 0 rg BT 404.47 613.10 Td (our ) Tj ET Q q 0 0 0 rg BT 420.15 613.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 457.49 613.10 Td (receivable ) Tj ET Q q 0 0 0 rg BT 500.92 613.10 Td (within ) Tj ET Q q 0 0 0 rg BT 528.83 613.10 Td (60 ) Tj ET Q q 0 0 0 rg BT 541.18 613.10 Td (days, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 601.10 Td (except ) Tj ET Q q 0 0 0 rg BT 79.29 601.10 Td (for ) Tj ET Q q 0 0 0 rg BT 94.14 601.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 113.43 601.10 Td (generated ) Tj ET Q q 0 0 0 rg BT 155.49 601.10 Td (through ) Tj ET Q q 0 0 0 rg BT 189.79 601.10 Td (our ) Tj ET Q q 0 0 0 rg BT 206.31 601.10 Td (private ) Tj ET Q q 0 0 0 rg BT 237.27 601.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 265.46 601.10 Td (and ) Tj ET Q q 0 0 0 rg BT 283.09 601.10 Td (real ) Tj ET Q q 0 0 0 rg BT 301.27 601.10 Td (estate ) Tj ET Q q 0 0 0 rg BT 327.23 601.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 357.07 601.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 394.70 601.10 Td (engagements, ) Tj ET Q q 0 0 0 rg BT 452.60 601.10 Td (which ) Tj ET Q q 0 0 0 rg BT 480.23 601.10 Td (are ) Tj ET Q q 0 0 0 rg BT 495.63 601.10 Td (typically ) Tj ET Q q 0 0 0 rg BT 533.81 601.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 554.22 601.10 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 589.10 Td (installments ) Tj ET Q q 0 0 0 rg BT 100.98 589.10 Td (over ) Tj ET Q q 0 0 0 rg BT 121.40 589.10 Td (a ) Tj ET Q q 0 0 0 rg BT 128.50 589.10 Td (period ) Tj ET Q q 0 0 0 rg BT 156.70 589.10 Td (of ) Tj ET Q q 0 0 0 rg BT 167.68 589.10 Td (three ) Tj ET Q q 0 0 0 rg BT 190.32 589.10 Td (years, ) Tj ET Q q 0 0 0 rg BT 216.57 589.10 Td (and ) Tj ET Q q 0 0 0 rg BT 233.66 589.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 263.51 589.10 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 317.26 589.10 Td (transactions, ) Tj ET Q q 0 0 0 rg BT 370.18 589.10 Td (where ) Tj ET Q q 0 0 0 rg BT 397.26 589.10 Td (collections ) Tj ET Q q 0 0 0 rg BT 443.23 589.10 Td (may ) Tj ET Q q 0 0 0 rg BT 463.10 589.10 Td (take ) Tj ET Q q 0 0 0 rg BT 482.41 589.10 Td (longer ) Tj ET Q q 0 0 0 rg BT 510.61 589.10 Td (due ) Tj ET Q q 0 0 0 rg BT 527.70 589.10 Td (to ) Tj ET Q q 0 0 0 rg BT 538.13 589.10 Td (court-) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 577.10 Td (ordered ) Tj ET Q q 0 0 0 rg BT 82.60 577.10 Td (holdbacks. ) Tj ET Q q 0 0 0 rg BT 127.71 577.10 Td ( ) Tj ET Q q 0 0 0 rg BT 129.31 577.10 Td (At ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 141.37 577.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 201.20 577.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 221.20 577.10 Td (, ) Tj ET Q q 0 0 0 rg BT 225.76 577.10 Td (we ) Tj ET Q q 0 0 0 rg BT 239.48 577.10 Td (had ) Tj ET Q q 0 0 0 rg BT 255.98 577.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 297.47 577.10 Td (receivables ) Tj ET Q q 0 0 0 rg BT 344.50 577.10 Td (related ) Tj ET Q q 0 0 0 rg BT 373.76 577.10 Td (to ) Tj ET Q q 0 0 0 rg BT 383.60 577.10 Td (private ) Tj ET Q q 0 0 0 rg BT 413.43 577.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 440.48 577.10 Td (and ) Tj ET Q q 0 0 0 rg BT 456.98 577.10 Td (real ) Tj ET Q q 0 0 0 rg BT 474.03 577.10 Td (estate ) Tj ET Q q 0 0 0 rg BT 498.85 577.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 527.56 577.10 Td (advisory ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 565.10 Td (engagements ) Tj ET Q q 0 0 0 rg BT 104.70 565.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 115.53 565.10 Td ($24.9 ) Tj ET Q q 0 0 0 rg BT 140.53 565.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 169.42 565.10 Td (. ) Tj ET Q q 0 0 0 rg BT 174.42 565.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 544.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 89.98 544.10 Td (current ) Tj ET Q q 0 0 0 rg BT 120.22 544.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 159.37 544.10 Td (typically ) Tj ET Q q 0 0 0 rg BT 196.29 544.10 Td (consist ) Tj ET Q q 0 0 0 rg BT 226.00 544.10 Td (of ) Tj ET Q q 0 0 0 rg BT 236.25 544.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 273.17 544.10 Td (payable, ) Tj ET Q q 0 0 0 rg BT 308.69 544.10 Td (which ) Tj ET Q q 0 0 0 rg BT 335.06 544.10 Td (are ) Tj ET Q q 0 0 0 rg BT 349.19 544.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 388.33 544.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 407.47 544.10 Td (monthly) Tj ET Q q 0 0 0 rg BT 440.16 544.10 Td (, ) Tj ET Q q 0 0 0 rg BT 444.58 544.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 477.60 544.10 Td (compensation, ) Tj ET Q q 0 0 0 rg BT 537.57 544.10 Td (which ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 532.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 84.89 532.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 117.53 532.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 136.86 532.10 Td (bonuses ) Tj ET Q q 0 0 0 rg BT 170.64 532.10 Td (that ) Tj ET Q q 0 0 0 rg BT 187.19 532.10 Td (are ) Tj ET Q q 0 0 0 rg BT 200.96 532.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 239.72 532.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 258.50 532.10 Td (in ) Tj ET Q q 0 0 0 rg BT 267.84 532.10 Td (the ) Tj ET Q q 0 0 0 rg BT 281.62 532.10 Td (first ) Tj ET Q q 0 0 0 rg BT 299.28 532.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 329.16 532.10 Td (of ) Tj ET Q q 0 0 0 rg BT 339.05 532.10 Td (the ) Tj ET Q q 0 0 0 rg BT 352.83 532.10 Td (following ) Tj ET Q q 0 0 0 rg BT 393.27 532.10 Td (year ) Tj ET Q q 0 0 0 rg BT 412.04 532.10 Td (to ) Tj ET Q q 0 0 0 rg BT 421.38 532.10 Td (the ) Tj ET Q q 0 0 0 rg BT 435.16 532.10 Td (lar) Tj ET Q q 0 0 0 rg BT 445.52 532.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 456.52 532.10 Td (majority ) Tj ET Q q 0 0 0 rg BT 491.96 532.10 Td (of ) Tj ET Q q 0 0 0 rg BT 501.85 532.10 Td (our ) Tj ET Q q 0 0 0 rg BT 516.74 532.10 Td (employees, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 520.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.07 520.10 Td (current ) Tj ET Q q 0 0 0 rg BT 98.03 520.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 121.21 520.10 Td (payable. ) Tj ET Q q 0 0 0 rg BT 157.44 520.10 Td (In ) Tj ET Q q 0 0 0 rg BT 168.40 520.10 Td (February ) Tj ET Q q 0 0 0 rg BT 207.14 520.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 232.27 520.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 252.68 520.10 Td (bonuses ) Tj ET Q q 0 0 0 rg BT 287.54 520.10 Td (and ) Tj ET Q q 0 0 0 rg BT 304.61 520.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 338.33 520.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 372.62 520.10 Td (of ) Tj ET Q q 0 0 0 rg BT 383.59 520.10 Td ($15.2 ) Tj ET Q q 0 0 0 rg BT 408.72 520.10 Td (million ) Tj ET Q q 0 0 0 rg BT 440.25 520.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 473.43 520.10 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 483.84 520.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 503.84 520.10 Td ( ) Tj ET Q q 0 0 0 rg BT 506.48 520.10 Td (compensation ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 508.10 Td (were ) Tj ET Q q 0 0 0 rg BT 72.28 508.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 92.34 508.10 Td (to ) Tj ET Q q 0 0 0 rg BT 102.97 508.10 Td (our ) Tj ET Q q 0 0 0 rg BT 119.15 508.10 Td (employees. ) Tj ET Q q 0 0 0 rg BT 167.26 508.10 Td (In ) Tj ET Q q 0 0 0 rg BT 178.44 508.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 216.56 508.10 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 227.19 508.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 247.19 508.10 Td (, ) Tj ET Q q 0 0 0 rg BT 252.54 508.10 Td (we ) Tj ET Q q 0 0 0 rg BT 267.05 508.10 Td (paid ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 287.12 508.10 Td ($15.7 ) Tj ET Q q 0 0 0 rg BT 312.47 508.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 341.36 508.10 Td ( ) Tj ET Q q 0 0 0 rg BT 344.21 508.10 Td (related ) Tj ET Q q 0 0 0 rg BT 374.26 508.10 Td (to ) Tj ET Q q 0 0 0 rg BT 384.89 508.10 Td (income ) Tj ET Q q 0 0 0 rg BT 417.17 508.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 440.56 508.10 Td (owed ) Tj ET Q q 0 0 0 rg BT 465.07 508.10 Td (in ) Tj ET Q q 0 0 0 rg BT 475.70 508.10 Td (the ) Tj ET Q q 0 0 0 rg BT 490.77 508.10 Td (United ) Tj ET Q q 0 0 0 rg BT 520.83 508.10 Td (States ) Tj ET Q q 0 0 0 rg BT 547.57 508.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 496.10 Td (Australia ) Tj ET Q q 0 0 0 rg BT 89.27 496.10 Td (for ) Tj ET Q q 0 0 0 rg BT 103.55 496.10 Td (the ) Tj ET Q q 0 0 0 rg BT 118.39 496.10 Td (year ) Tj ET Q q 0 0 0 rg BT 138.22 496.10 Td (ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 164.71 496.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 223.42 496.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 243.42 496.10 Td ( ) Tj ET Q q 0 0 0 rg BT 246.04 496.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 263.10 496.10 Td ($1) Tj ET Q q 0 0 0 rg BT 272.72 496.10 Td (1.3 ) Tj ET Q q 0 0 0 rg BT 287.84 496.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 316.74 496.10 Td ( ) Tj ET Q q 0 0 0 rg BT 319.36 496.10 Td (for ) Tj ET Q q 0 0 0 rg BT 333.64 496.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 374.58 496.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 389.41 496.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 430.36 496.10 Td (for ) Tj ET Q q 0 0 0 rg BT 444.64 496.10 Td (the ) Tj ET Q q 0 0 0 rg BT 459.47 496.10 Td (year ) Tj ET Q q 0 0 0 rg BT 479.30 496.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 505.80 496.10 Td (December ) Tj ET Q q 0 0 0 rg BT 549.50 496.10 Td (31, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 484.10 Td (2013.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 463.10 Td (T) Tj ET Q q 0 0 0 rg BT 77.91 463.10 Td (o ) Tj ET Q q 0 0 0 rg BT 85.88 463.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 119.40 463.10 Td (for ) Tj ET Q q 0 0 0 rg BT 134.03 463.10 Td (working ) Tj ET Q q 0 0 0 rg BT 170.33 463.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 199.95 463.10 Td (needs ) Tj ET Q q 0 0 0 rg BT 225.69 463.10 Td (and ) Tj ET Q q 0 0 0 rg BT 243.10 463.10 Td (other ) Tj ET Q q 0 0 0 rg BT 266.62 463.10 Td (general ) Tj ET Q q 0 0 0 rg BT 299.02 463.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 339.74 463.10 Td (purposes ) Tj ET Q q 0 0 0 rg BT 378.26 463.10 Td (in ) Tj ET Q q 0 0 0 rg BT 389.01 463.10 Td (the ) Tj ET Q q 0 0 0 rg BT 404.20 463.10 Td (United ) Tj ET Q q 0 0 0 rg BT 434.39 463.10 Td (States, ) Tj ET Q q 0 0 0 rg BT 463.75 463.10 Td (we ) Tj ET Q q 0 0 0 rg BT 478.38 463.10 Td (have ) Tj ET Q q 0 0 0 rg BT 500.23 463.10 Td (a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 507.64 463.10 Td ($45.0 ) Tj ET Q q 0 0 0 rg BT 533.11 463.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 562.00 463.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 451.10 Td (revolving ) Tj ET Q q 0 0 0 rg BT 90.91 451.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 112.93 451.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 132.73 451.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 163.63 451.10 Td (which ) Tj ET Q q 0 0 0 rg BT 190.65 451.10 Td (matures ) Tj ET Q q 0 0 0 rg BT 224.89 451.10 Td (on ) Tj ET Q q 0 0 0 rg BT 236.90 451.10 Td (April ) Tj ET Q q 0 0 0 rg BT 260.59 451.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 275.67 451.10 Td (2014. ) Tj ET Q q 0 0 0 rg BT 300.75 451.10 Td (Historically) Tj ET Q q 0 0 0 rg BT 347.32 451.10 Td (, ) Tj ET Q q 0 0 0 rg BT 352.40 451.10 Td (we ) Tj ET Q q 0 0 0 rg BT 366.64 451.10 Td (have ) Tj ET Q q 0 0 0 rg BT 388.10 451.10 Td (been ) Tj ET Q q 0 0 0 rg BT 409.56 451.10 Td (able ) Tj ET Q q 0 0 0 rg BT 428.80 451.10 Td (to ) Tj ET Q q 0 0 0 rg BT 439.16 451.10 Td (extend ) Tj ET Q q 0 0 0 rg BT 468.39 451.10 Td (the ) Tj ET Q q 0 0 0 rg BT 483.19 451.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 519.66 451.10 Td (date ) Tj ET Q q 0 0 0 rg BT 538.89 451.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.81 451.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 439.10 Td (revolving ) Tj ET Q q 0 0 0 rg BT 90.88 439.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 110.65 439.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 141.52 439.10 Td (for ) Tj ET Q q 0 0 0 rg BT 155.74 439.10 Td (a ) Tj ET Q q 0 0 0 rg BT 162.73 439.10 Td (one ) Tj ET Q q 0 0 0 rg BT 179.72 439.10 Td (year ) Tj ET Q q 0 0 0 rg BT 199.48 439.10 Td (period ) Tj ET Q q 0 0 0 rg BT 227.58 439.10 Td (shortly ) Tj ET Q q 0 0 0 rg BT 257.92 439.10 Td (before ) Tj ET Q q 0 0 0 rg BT 286.01 439.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 322.44 439.10 Td (although ) Tj ET Q q 0 0 0 rg BT 359.99 439.10 Td (our ) Tj ET Q q 0 0 0 rg BT 375.87 439.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 403.98 439.10 Td (to ) Tj ET Q q 0 0 0 rg BT 414.31 439.10 Td (do ) Tj ET Q q 0 0 0 rg BT 426.87 439.10 Td (so ) Tj ET Q q 0 0 0 rg BT 438.31 439.10 Td (in ) Tj ET Q q 0 0 0 rg BT 448.64 439.10 Td (the ) Tj ET Q q 0 0 0 rg BT 463.41 439.10 Td (future ) Tj ET Q q 0 0 0 rg BT 489.84 439.10 Td (is ) Tj ET Q q 0 0 0 rg BT 499.07 439.10 Td (not ) Tj ET Q q 0 0 0 rg BT 514.40 439.10 Td (certain. ) Tj ET Q q 0 0 0 rg BT 546.47 439.10 Td (The ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 427.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 80.73 427.10 Td (bears ) Tj ET Q q 0 0 0 rg BT 104.23 427.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 136.07 427.10 Td (at ) Tj ET Q q 0 0 0 rg BT 145.69 427.10 Td (the ) Tj ET Q q 0 0 0 rg BT 160.31 427.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 188.26 427.10 Td (of ) Tj ET Q q 0 0 0 rg BT 199.00 427.10 Td (the ) Tj ET Q q 0 0 0 rg BT 213.62 427.10 Td (Prime ) Tj ET Q q 0 0 0 rg BT 239.91 427.10 Td (Rate ) Tj ET Q q 0 0 0 rg BT 260.64 427.10 Td (or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 271.37 427.10 Td (3.25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 297.20 427.10 Td (. ) Tj ET Q q 0 0 0 rg BT 302.11 427.10 Td (Borrowings ) Tj ET Q q 0 0 0 rg BT 351.74 427.10 Td (under ) Tj ET Q q 0 0 0 rg BT 376.91 427.10 Td (the ) Tj ET Q q 0 0 0 rg BT 391.53 427.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 422.26 427.10 Td (are ) Tj ET Q q 0 0 0 rg BT 436.87 427.10 Td (secured ) Tj ET Q q 0 0 0 rg BT 469.81 427.10 Td (by ) Tj ET Q q 0 0 0 rg BT 482.21 427.10 Td (any ) Tj ET Q q 0 0 0 rg BT 499.06 427.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 519.23 427.10 Td (distributed ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 415.10 Td (in ) Tj ET Q q 0 0 0 rg BT 61.00 415.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 92.53 415.10 Td (of ) Tj ET Q q 0 0 0 rg BT 104.08 415.10 Td (our ) Tj ET Q q 0 0 0 rg BT 120.63 415.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 167.72 415.10 Td (in ) Tj ET Q q 0 0 0 rg BT 178.72 415.10 Td (the ) Tj ET Q q 0 0 0 rg BT 194.16 415.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 215.16 415.10 Td (based ) Tj ET Q q 0 0 0 rg BT 241.14 415.10 Td (merchant ) Tj ET Q q 0 0 0 rg BT 281.56 415.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 317.00 415.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 342.44 415.10 Td (and ) Tj ET Q q 0 0 0 rg BT 360.09 415.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 381.08 415.10 Td (distributions ) Tj ET Q q 0 0 0 rg BT 434.30 415.10 Td (from ) Tj ET Q q 0 0 0 rg BT 456.96 415.10 Td (Greenhill& ) Tj ET Q q 0 0 0 rg BT 508.22 415.10 Td (Co., ) Tj ET Q q 0 0 0 rg BT 528.11 415.10 Td (LLC. ) Tj ET Q q 0 0 0 rg BT 552.00 415.10 Td (At ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 403.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 110.57 403.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 130.57 403.10 Td (, ) Tj ET Q q 0 0 0 rg BT 135.87 403.10 Td (we ) Tj ET Q q 0 0 0 rg BT 150.34 403.10 Td (had ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 167.58 403.10 Td ($36.4 ) Tj ET Q q 0 0 0 rg BT 192.88 403.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 221.77 403.10 Td ( ) Tj ET Q q 0 0 0 rg BT 224.58 403.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 274.05 403.10 Td (under ) Tj ET Q q 0 0 0 rg BT 299.62 403.10 Td (the ) Tj ET Q q 0 0 0 rg BT 314.64 403.10 Td (revolving ) Tj ET Q q 0 0 0 rg BT 355.77 403.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 378.01 403.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 398.04 403.10 Td (facility) Tj ET Q q 0 0 0 rg BT 425.71 403.10 Td (. ) Tj ET Q q 0 0 0 rg BT 430.81 403.10 Td (The ) Tj ET Q q 0 0 0 rg BT 449.16 403.10 Td (revolving ) Tj ET Q q 0 0 0 rg BT 490.29 403.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 510.31 403.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 541.43 403.10 Td (has ) Tj ET Q q 0 0 0 rg BT 557.57 403.10 Td (a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 391.10 Td (prohibition ) Tj ET Q q 0 0 0 rg BT 97.40 391.10 Td (on ) Tj ET Q q 0 0 0 rg BT 110.36 391.10 Td (the ) Tj ET Q q 0 0 0 rg BT 125.54 391.10 Td (incurrence ) Tj ET Q q 0 0 0 rg BT 170.69 391.10 Td (of ) Tj ET Q q 0 0 0 rg BT 181.98 391.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 224.93 391.10 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 279.54 391.10 Td (without ) Tj ET Q q 0 0 0 rg BT 313.06 391.10 Td (the ) Tj ET Q q 0 0 0 rg BT 328.23 391.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 350.63 391.10 Td (approval ) Tj ET Q q 0 0 0 rg BT 388.57 391.10 Td (of ) Tj ET Q q 0 0 0 rg BT 399.86 391.10 Td (the ) Tj ET Q q 0 0 0 rg BT 415.04 391.10 Td (lenders ) Tj ET Q q 0 0 0 rg BT 446.88 391.10 Td (and ) Tj ET Q q 0 0 0 rg BT 464.27 391.10 Td (requires ) Tj ET Q q 0 0 0 rg BT 499.44 391.10 Td (that ) Tj ET Q q 0 0 0 rg BT 517.39 391.10 Td (we ) Tj ET Q q 0 0 0 rg BT 532.01 391.10 Td (comply ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 379.10 Td (with ) Tj ET Q q 0 0 0 rg BT 71.40 379.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 102.22 379.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 140.82 379.10 Td (and ) Tj ET Q q 0 0 0 rg BT 158.88 379.10 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 196.39 379.10 Td (covenants ) Tj ET Q q 0 0 0 rg BT 240.00 379.10 Td (on ) Tj ET Q q 0 0 0 rg BT 253.62 379.10 Td (a ) Tj ET Q q 0 0 0 rg BT 261.68 379.10 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 301.39 379.10 Td (basis. ) Tj ET Q q 0 0 0 rg BT 326.72 379.10 Td (At ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 340.34 379.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 401.72 379.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.72 379.10 Td (, ) Tj ET Q q 0 0 0 rg BT 427.84 379.10 Td (we ) Tj ET Q q 0 0 0 rg BT 443.12 379.10 Td (were ) Tj ET Q q 0 0 0 rg BT 466.17 379.10 Td (compliant ) Tj ET Q q 0 0 0 rg BT 509.78 379.10 Td (with ) Tj ET Q q 0 0 0 rg BT 531.18 379.10 Td (all ) Tj ET Q q 0 0 0 rg BT 544.80 379.10 Td (loan ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 367.10 Td (covenants ) Tj ET Q q 0 0 0 rg BT 92.49 367.10 Td (and ) Tj ET Q q 0 0 0 rg BT 109.42 367.10 Td (we ) Tj ET Q q 0 0 0 rg BT 123.58 367.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 152.18 367.10 Td (to ) Tj ET Q q 0 0 0 rg BT 162.46 367.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 199.39 367.10 Td (to ) Tj ET Q q 0 0 0 rg BT 209.67 367.10 Td (be ) Tj ET Q q 0 0 0 rg BT 221.61 367.10 Td (compliant ) Tj ET Q q 0 0 0 rg BT 264.10 367.10 Td (with ) Tj ET Q q 0 0 0 rg BT 284.38 367.10 Td (all ) Tj ET Q q 0 0 0 rg BT 296.87 367.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 316.59 367.10 Td (covenants ) Tj ET Q q 0 0 0 rg BT 359.07 367.10 Td (in ) Tj ET Q q 0 0 0 rg BT 369.35 367.10 Td (future ) Tj ET Q q 0 0 0 rg BT 395.73 367.10 Td (periods. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 346.10 Td (Historically) Tj ET Q q 0 0 0 rg BT 119.06 346.10 Td (, ) Tj ET Q q 0 0 0 rg BT 123.54 346.10 Td (we ) Tj ET Q q 0 0 0 rg BT 137.17 346.10 Td (have ) Tj ET Q q 0 0 0 rg BT 158.02 346.10 Td (generated ) Tj ET Q q 0 0 0 rg BT 198.86 346.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 243.05 346.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 278.90 346.10 Td (outside ) Tj ET Q q 0 0 0 rg BT 309.76 346.10 Td (the ) Tj ET Q q 0 0 0 rg BT 323.96 346.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 343.57 346.10 Td (T) Tj ET Q q 0 0 0 rg BT 348.98 346.10 Td (o ) Tj ET Q q 0 0 0 rg BT 355.96 346.10 Td (support ) Tj ET Q q 0 0 0 rg BT 387.93 346.10 Td (our ) Tj ET Q q 0 0 0 rg BT 403.24 346.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 442.97 346.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 462.71 346.10 Td (needs ) Tj ET Q q 0 0 0 rg BT 487.45 346.10 Td (in ) Tj ET Q q 0 0 0 rg BT 497.21 346.10 Td (the ) Tj ET Q q 0 0 0 rg BT 511.40 346.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 531.16 346.10 Td (we ) Tj ET Q q 0 0 0 rg BT 544.79 346.10 Td (may ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (repatriate ) Tj ET Q q 0 0 0 rg BT 90.12 334.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 121.37 334.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 157.61 334.10 Td (in ) Tj ET Q q 0 0 0 rg BT 167.76 334.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 196.23 334.10 Td (of ) Tj ET Q q 0 0 0 rg BT 206.93 334.10 Td (our ) Tj ET Q q 0 0 0 rg BT 222.63 334.10 Td (local ) Tj ET Q q 0 0 0 rg BT 244.43 334.10 Td (working ) Tj ET Q q 0 0 0 rg BT 280.13 334.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 309.15 334.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 363.72 334.10 Td (and ) Tj ET Q q 0 0 0 rg BT 380.53 334.10 Td (other ) Tj ET Q q 0 0 0 rg BT 403.45 334.10 Td (forecasted ) Tj ET Q q 0 0 0 rg BT 446.90 334.10 Td (local ) Tj ET Q q 0 0 0 rg BT 468.70 334.10 Td (needs. ) Tj ET Q q 0 0 0 rg BT 496.17 334.10 Td (T) Tj ET Q q 0 0 0 rg BT 501.58 334.10 Td (o ) Tj ET Q q 0 0 0 rg BT 508.95 334.10 Td (the ) Tj ET Q q 0 0 0 rg BT 523.54 334.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 550.34 334.10 Td (we ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (repatriate ) Tj ET Q q 0 0 0 rg BT 90.31 322.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 121.75 322.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 158.19 322.10 Td (from ) Tj ET Q q 0 0 0 rg BT 180.20 322.10 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 232.20 322.10 Td (with ) Tj ET Q q 0 0 0 rg BT 252.54 322.10 Td (a ) Tj ET Q q 0 0 0 rg BT 259.55 322.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 284.88 322.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 299.66 322.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 317.21 322.10 Td (than ) Tj ET Q q 0 0 0 rg BT 336.99 322.10 Td (the ) Tj ET Q q 0 0 0 rg BT 351.77 322.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 372.11 322.10 Td (we ) Tj ET Q q 0 0 0 rg BT 386.34 322.10 Td (may ) Tj ET Q q 0 0 0 rg BT 406.12 322.10 Td (be ) Tj ET Q q 0 0 0 rg BT 418.12 322.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 449.01 322.10 Td (to ) Tj ET Q q 0 0 0 rg BT 459.35 322.10 Td (an ) Tj ET Q q 0 0 0 rg BT 471.35 322.10 Td (incremental ) Tj ET Q q 0 0 0 rg BT 521.11 322.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 553.67 322.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 69.73 310.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 83.89 310.10 Td (on ) Tj ET Q q 0 0 0 rg BT 95.83 310.10 Td (such ) Tj ET Q q 0 0 0 rg BT 116.11 310.10 Td (earnings. ) Tj ET Q q 0 0 0 rg BT 154.43 310.10 Td (However) Tj ET Q q 0 0 0 rg BT 190.68 310.10 Td (, ) Tj ET Q q 0 0 0 rg BT 195.13 310.10 Td (we ) Tj ET Q q 0 0 0 rg BT 208.73 310.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 246.77 310.10 Td (have ) Tj ET Q q 0 0 0 rg BT 267.59 310.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 295.63 310.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 326.46 310.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 340.62 310.10 Td (credits ) Tj ET Q q 0 0 0 rg BT 369.22 310.10 Td (which ) Tj ET Q q 0 0 0 rg BT 395.60 310.10 Td (may ) Tj ET Q q 0 0 0 rg BT 414.76 310.10 Td (be ) Tj ET Q q 0 0 0 rg BT 426.15 310.10 Td (available ) Tj ET Q q 0 0 0 rg BT 464.18 310.10 Td (to ) Tj ET Q q 0 0 0 rg BT 473.90 310.10 Td (of) Tj ET Q q 0 0 0 rg BT 482.05 310.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 498.44 310.10 Td (any ) Tj ET Q q 0 0 0 rg BT 514.82 310.10 Td (incremental ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 69.44 298.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 83.32 298.10 Td (amount. ) Tj ET Q q 0 0 0 rg BT 117.11 298.10 Td (As ) Tj ET Q q 0 0 0 rg BT 129.88 298.10 Td (a ) Tj ET Q q 0 0 0 rg BT 135.98 298.10 Td (result, ) Tj ET Q q 0 0 0 rg BT 162.35 298.10 Td (we ) Tj ET Q q 0 0 0 rg BT 175.67 298.10 Td (would ) Tj ET Q q 0 0 0 rg BT 202.33 298.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 230.08 298.10 Td (to ) Tj ET Q q 0 0 0 rg BT 239.52 298.10 Td (incur ) Tj ET Q q 0 0 0 rg BT 261.73 298.10 Td (a ) Tj ET Q q 0 0 0 rg BT 267.83 298.10 Td (minimal ) Tj ET Q q 0 0 0 rg BT 302.81 298.10 Td (amount, ) Tj ET Q q 0 0 0 rg BT 336.97 298.10 Td (if ) Tj ET Q q 0 0 0 rg BT 344.74 298.10 Td (any) Tj ET Q q 0 0 0 rg BT 358.53 298.10 Td (, ) Tj ET Q q 0 0 0 rg BT 362.68 298.10 Td (of ) Tj ET Q q 0 0 0 rg BT 372.67 298.10 Td (incremental ) Tj ET Q q 0 0 0 rg BT 421.53 298.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 440.97 298.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 454.85 298.10 Td (from ) Tj ET Q q 0 0 0 rg BT 475.95 298.10 Td (any ) Tj ET Q q 0 0 0 rg BT 492.04 298.10 Td (such ) Tj ET Q q 0 0 0 rg BT 512.03 298.10 Td (repatriations ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.28 286.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.00 286.10 Td (near ) Tj ET Q q 0 0 0 rg BT 94.70 286.10 Td (future. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 265.10 Td (Since ) Tj ET Q q 0 0 0 rg BT 96.33 265.10 Td (our ) Tj ET Q q 0 0 0 rg BT 111.28 265.10 Td (exit ) Tj ET Q q 0 0 0 rg BT 127.89 265.10 Td (from ) Tj ET Q q 0 0 0 rg BT 148.95 265.10 Td (the ) Tj ET Q q 0 0 0 rg BT 162.78 265.10 Td (merchant ) Tj ET Q q 0 0 0 rg BT 201.60 265.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 235.43 265.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 273.44 265.10 Td (we ) Tj ET Q q 0 0 0 rg BT 286.71 265.10 Td (have ) Tj ET Q q 0 0 0 rg BT 307.21 265.10 Td (sought ) Tj ET Q q 0 0 0 rg BT 335.49 265.10 Td (to ) Tj ET Q q 0 0 0 rg BT 344.89 265.10 Td (realize ) Tj ET Q q 0 0 0 rg BT 373.14 265.10 Td (value ) Tj ET Q q 0 0 0 rg BT 396.42 265.10 Td (from ) Tj ET Q q 0 0 0 rg BT 417.47 265.10 Td (our ) Tj ET Q q 0 0 0 rg BT 432.42 265.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 474.58 265.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 511.73 265.10 Td (investments, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 253.10 Td (which ) Tj ET Q q 0 0 0 rg BT 76.94 253.10 Td (consisted ) Tj ET Q q 0 0 0 rg BT 116.66 253.10 Td (of ) Tj ET Q q 0 0 0 rg BT 127.49 253.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 177.76 253.10 Td (in ) Tj ET Q q 0 0 0 rg BT 188.04 253.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 232.75 253.10 Td (sponsored ) Tj ET Q q 0 0 0 rg BT 275.81 253.10 Td (merchant ) Tj ET Q q 0 0 0 rg BT 315.51 253.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 350.22 253.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 374.95 253.10 Td (and ) Tj ET Q q 0 0 0 rg BT 391.88 253.10 Td (Iridium. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 232.10 Td (During ) Tj ET Q q 0 0 0 rg BT 102.84 232.10 Td (201) Tj ET Q q 0 0 0 rg BT 117.46 232.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 126.97 232.10 Td (we ) Tj ET Q q 0 0 0 rg BT 140.64 232.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 159.31 232.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 211.87 232.10 Td (all ) Tj ET Q q 0 0 0 rg BT 223.87 232.10 Td (of ) Tj ET Q q 0 0 0 rg BT 234.21 232.10 Td (our ) Tj ET Q q 0 0 0 rg BT 249.54 232.10 Td (interests ) Tj ET Q q 0 0 0 rg BT 284.87 232.10 Td (in ) Tj ET Q q 0 0 0 rg BT 294.66 232.10 Td (GCP) Tj ET Q q 0 0 0 rg BT 313.74 232.10 Td ( ) Tj ET Q q 0 0 0 rg BT 315.75 232.10 Td (II ) Tj ET Q q 0 0 0 rg BT 324.41 232.10 Td (and ) Tj ET Q q 0 0 0 rg BT 340.86 232.10 Td (all ) Tj ET Q q 0 0 0 rg BT 352.86 232.10 Td (of ) Tj ET Q q 0 0 0 rg BT 363.19 232.10 Td (our ) Tj ET Q q 0 0 0 rg BT 378.53 232.10 Td (interests ) Tj ET Q q 0 0 0 rg BT 413.86 232.10 Td (in ) Tj ET Q q 0 0 0 rg BT 423.64 232.10 Td (GSA) Tj ET Q q 0 0 0 rg BT 442.36 232.10 Td (VP) Tj ET Q q 0 0 0 rg BT 454.77 232.10 Td ( ) Tj ET Q q 0 0 0 rg BT 456.78 232.10 Td (to ) Tj ET Q q 0 0 0 rg BT 466.56 232.10 Td (unaf) Tj ET Q q 0 0 0 rg BT 484.15 232.10 Td (filiated ) Tj ET Q q 0 0 0 rg BT 514.48 232.10 Td (third ) Tj ET Q q 0 0 0 rg BT 535.37 232.10 Td (parties ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 220.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.76 220.10 Td (received ) Tj ET Q q 0 0 0 rg BT 102.93 220.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 140.79 220.10 Td (of ) Tj ET Q q 0 0 0 rg BT 151.44 220.10 Td ($49.4 ) Tj ET Q q 0 0 0 rg BT 176.25 220.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 209.96 220.10 Td (of ) Tj ET Q q 0 0 0 rg BT 220.61 220.10 Td (which ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 247.36 220.10 Td ($15.5 ) Tj ET Q q 0 0 0 rg BT 272.18 220.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.07 220.10 Td ( ) Tj ET Q q 0 0 0 rg BT 303.39 220.10 Td (was ) Tj ET Q q 0 0 0 rg BT 321.26 220.10 Td (repaid ) Tj ET Q q 0 0 0 rg BT 348.56 220.10 Td (in ) Tj ET Q q 0 0 0 rg BT 358.65 220.10 Td (December ) Tj ET Q q 0 0 0 rg BT 402.06 220.10 Td (2012 ) Tj ET Q q 0 0 0 rg BT 424.37 220.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 446.69 220.10 Td (exercise ) Tj ET Q q 0 0 0 rg BT 481.76 220.10 Td (by ) Tj ET Q q 0 0 0 rg BT 494.08 220.10 Td (the ) Tj ET Q q 0 0 0 rg BT 508.61 220.10 Td (purchasers ) Tj ET Q q 0 0 0 rg BT 553.69 220.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 208.10 Td (a ) Tj ET Q q 0 0 0 rg BT 56.40 208.10 Td (put ) Tj ET Q q 0 0 0 rg BT 71.15 208.10 Td (option. ) Tj ET Q q 0 0 0 rg BT 101.17 208.10 Td ( ) Tj ET Q q 0 0 0 rg BT 103.13 208.10 Td (In ) Tj ET Q q 0 0 0 rg BT 113.43 208.10 Td (2012, ) Tj ET Q q 0 0 0 rg BT 137.90 208.10 Td (we ) Tj ET Q q 0 0 0 rg BT 151.52 208.10 Td (continued ) Tj ET Q q 0 0 0 rg BT 192.92 208.10 Td (the ) Tj ET Q q 0 0 0 rg BT 207.10 208.10 Td (liquidation ) Tj ET Q q 0 0 0 rg BT 252.40 208.10 Td (of ) Tj ET Q q 0 0 0 rg BT 262.69 208.10 Td (our ) Tj ET Q q 0 0 0 rg BT 277.99 208.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 322.17 208.10 Td (sponsored ) Tj ET Q q 0 0 0 rg BT 364.69 208.10 Td (merchant ) Tj ET Q q 0 0 0 rg BT 403.85 208.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 438.04 208.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 462.22 208.10 Td (with ) Tj ET Q q 0 0 0 rg BT 481.97 208.10 Td (the ) Tj ET Q q 0 0 0 rg BT 496.15 208.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 513.66 208.10 Td (of ) Tj ET Q q 0 0 0 rg BT 523.96 208.10 Td (our ) Tj ET Q q 0 0 0 rg BT 539.25 208.10 Td (entire ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 196.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 81.59 196.10 Td (in ) Tj ET Q q 0 0 0 rg BT 91.52 196.10 Td (GCP) Tj ET Q q 0 0 0 rg BT 110.61 196.10 Td ( ) Tj ET Q q 0 0 0 rg BT 112.76 196.10 Td (Europe ) Tj ET Q q 0 0 0 rg BT 143.79 196.10 Td (for ) Tj ET Q q 0 0 0 rg BT 157.61 196.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 195.30 196.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 205.79 196.10 Td ($27.2 ) Tj ET Q q 0 0 0 rg BT 230.44 196.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 259.34 196.10 Td (. ) Tj ET Q q 0 0 0 rg BT 263.99 196.10 Td ( ) Tj ET Q q 0 0 0 rg BT 266.15 196.10 Td (In ) Tj ET Q q 0 0 0 rg BT 276.63 196.10 Td (July ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 295.46 196.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 315.46 196.10 Td (, ) Tj ET Q q 0 0 0 rg BT 320.11 196.10 Td (we ) Tj ET Q q 0 0 0 rg BT 333.93 196.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 352.76 196.10 Td (our ) Tj ET Q q 0 0 0 rg BT 368.24 196.10 Td (entire ) Tj ET Q q 0 0 0 rg BT 393.16 196.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 439.20 196.10 Td (in ) Tj ET Q q 0 0 0 rg BT 449.13 196.10 Td (GCP) Tj ET Q q 0 0 0 rg BT 468.22 196.10 Td ( ) Tj ET Q q 0 0 0 rg BT 470.37 196.10 Td (III ) Tj ET Q q 0 0 0 rg BT 482.52 196.10 Td (for ) Tj ET Q q 0 0 0 rg BT 496.33 196.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 534.03 196.10 Td (of ) Tj ET Q q 0 0 0 rg BT 544.51 196.10 Td ($2.0 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 184.10 Td (million. ) Tj ET Q q 0 0 0 rg BT 85.11 184.10 Td ( ) Tj ET Q q 0 0 0 rg BT 88.01 184.10 Td (As ) Tj ET Q q 0 0 0 rg BT 102.85 184.10 Td (part ) Tj ET Q q 0 0 0 rg BT 122.11 184.10 Td (of ) Tj ET Q q 0 0 0 rg BT 134.16 184.10 Td (that ) Tj ET Q q 0 0 0 rg BT 152.88 184.10 Td (sale, ) Tj ET Q q 0 0 0 rg BT 174.65 184.10 Td (the ) Tj ET Q q 0 0 0 rg BT 190.58 184.10 Td (buyers ) Tj ET Q q 0 0 0 rg BT 220.97 184.10 Td (assumed ) Tj ET Q q 0 0 0 rg BT 259.13 184.10 Td (our ) Tj ET Q q 0 0 0 rg BT 276.18 184.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 320.44 184.10 Td (commitment ) Tj ET Q q 0 0 0 rg BT 374.71 184.10 Td (to ) Tj ET Q q 0 0 0 rg BT 386.21 184.10 Td (GCP) Tj ET Q q 0 0 0 rg BT 405.29 184.10 Td ( ) Tj ET Q q 0 0 0 rg BT 409.01 184.10 Td (III ) Tj ET Q q 0 0 0 rg BT 422.72 184.10 Td (and ) Tj ET Q q 0 0 0 rg BT 440.88 184.10 Td (eliminated ) Tj ET Q q 0 0 0 rg BT 486.81 184.10 Td (our ) Tj ET Q q 0 0 0 rg BT 503.86 184.10 Td (last ) Tj ET Q q 0 0 0 rg BT 521.46 184.10 Td (remaining ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 172.10 Td (commitment ) Tj ET Q q 0 0 0 rg BT 102.83 172.10 Td (to ) Tj ET Q q 0 0 0 rg BT 112.89 172.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 162.95 172.10 Td (in ) Tj ET Q q 0 0 0 rg BT 173.01 172.10 Td (merchant ) Tj ET Q q 0 0 0 rg BT 212.50 172.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 247.00 172.10 Td (funds. ) Tj ET Q q 0 0 0 rg BT 274.01 172.10 Td ( ) Tj ET Q q 0 0 0 rg BT 275.79 172.10 Td (Also ) Tj ET Q q 0 0 0 rg BT 296.96 172.10 Td (in ) Tj ET Q q 0 0 0 rg BT 307.02 172.10 Td (July ) Tj ET Q q 0 0 0 rg BT 325.98 172.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 350.76 172.10 Td (we ) Tj ET Q q 0 0 0 rg BT 364.71 172.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 383.66 172.10 Td (one ) Tj ET Q q 0 0 0 rg BT 400.38 172.10 Td (of ) Tj ET Q q 0 0 0 rg BT 411.00 172.10 Td (the ) Tj ET Q q 0 0 0 rg BT 425.50 172.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 468.33 172.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 497.26 172.10 Td (interests ) Tj ET Q q 0 0 0 rg BT 532.87 172.10 Td (in ) Tj ET Q q 0 0 0 rg BT 542.93 172.10 Td (GCP) Tj ET Q q 0 0 0 rg BT 562.01 172.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 160.10 Td (II ) Tj ET Q q 0 0 0 rg BT 59.16 160.10 Td (for ) Tj ET Q q 0 0 0 rg BT 73.32 160.10 Td (a ) Tj ET Q q 0 0 0 rg BT 80.26 160.10 Td (nominal ) Tj ET Q q 0 0 0 rg BT 115.53 160.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 148.03 160.10 Td (to ) Tj ET Q q 0 0 0 rg BT 158.31 160.10 Td (realize ) Tj ET Q q 0 0 0 rg BT 187.45 160.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 202.16 160.10 Td (benefits.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 139.10 Td (W) Tj ET Q q 0 0 0 rg BT 81.14 139.10 Td (e ) Tj ET Q q 0 0 0 rg BT 87.72 139.10 Td (began ) Tj ET Q q 0 0 0 rg BT 113.74 139.10 Td (the ) Tj ET Q q 0 0 0 rg BT 128.10 139.10 Td (monetization ) Tj ET Q q 0 0 0 rg BT 182.46 139.10 Td (of ) Tj ET Q q 0 0 0 rg BT 192.93 139.10 Td (our ) Tj ET Q q 0 0 0 rg BT 208.41 139.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 254.43 139.10 Td (in ) Tj ET Q q 0 0 0 rg BT 264.36 139.10 Td (Iridium ) Tj ET Q q 0 0 0 rg BT 296.50 139.10 Td (in ) Tj ET Q q 0 0 0 rg BT 306.42 139.10 Td (October ) Tj ET Q q 0 0 0 rg BT 340.77 139.10 Td (201) Tj ET Q q 0 0 0 rg BT 355.40 139.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 365.05 139.10 Td (when ) Tj ET Q q 0 0 0 rg BT 388.85 139.10 Td (we ) Tj ET Q q 0 0 0 rg BT 402.66 139.10 Td (initiated ) Tj ET Q q 0 0 0 rg BT 437.57 139.10 Td (a ) Tj ET Q q 0 0 0 rg BT 444.15 139.10 Td (plan ) Tj ET Q q 0 0 0 rg BT 463.52 139.10 Td (to ) Tj ET Q q 0 0 0 rg BT 473.44 139.10 Td (sell ) Tj ET Q q 0 0 0 rg BT 489.47 139.10 Td (all ) Tj ET Q q 0 0 0 rg BT 501.61 139.10 Td (of ) Tj ET Q q 0 0 0 rg BT 512.09 139.10 Td (our ) Tj ET Q q 0 0 0 rg BT 527.56 139.10 Td (holdings ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 127.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.61 127.10 Td (Iridium ) Tj ET Q q 0 0 0 rg BT 93.43 127.10 Td (systematically ) Tj ET Q q 0 0 0 rg BT 153.47 127.10 Td (over ) Tj ET Q q 0 0 0 rg BT 174.06 127.10 Td (time. ) Tj ET Q q 0 0 0 rg BT 197.17 127.10 Td ( ) Tj ET Q q 0 0 0 rg BT 199.99 127.10 Td (Since ) Tj ET Q q 0 0 0 rg BT 225.04 127.10 Td (we ) Tj ET Q q 0 0 0 rg BT 239.53 127.10 Td (initiated ) Tj ET Q q 0 0 0 rg BT 275.13 127.10 Td (our ) Tj ET Q q 0 0 0 rg BT 291.28 127.10 Td (plan ) Tj ET Q q 0 0 0 rg BT 311.33 127.10 Td (to ) Tj ET Q q 0 0 0 rg BT 321.94 127.10 Td (sell ) Tj ET Q q 0 0 0 rg BT 338.65 127.10 Td (our ) Tj ET Q q 0 0 0 rg BT 354.81 127.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 387.07 127.10 Td (in ) Tj ET Q q 0 0 0 rg BT 397.68 127.10 Td (Iridium ) Tj ET Q q 0 0 0 rg BT 430.50 127.10 Td (through ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 464.44 127.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 525.03 127.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 545.03 127.10 Td (, ) Tj ET Q q 0 0 0 rg BT 550.36 127.10 Td (we ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 115.10 Td (have ) Tj ET Q q 0 0 0 rg BT 72.01 115.10 Td (sold ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 91.81 115.10 Td (8,208,387) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 131.81 115.10 Td ( ) Tj ET Q q 0 0 0 rg BT 134.94 115.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 163.06 115.10 Td (of ) Tj ET Q q 0 0 0 rg BT 174.52 115.10 Td (Iridium, ) Tj ET Q q 0 0 0 rg BT 210.15 115.10 Td (or ) Tj ET Q q 0 0 0 rg BT 221.61 115.10 Td (approximately ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 282.50 115.10 Td (84%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 300.83 115.10 Td ( ) Tj ET Q q 0 0 0 rg BT 303.96 115.10 Td (of ) Tj ET Q q 0 0 0 rg BT 315.42 115.10 Td (our ) Tj ET Q q 0 0 0 rg BT 331.89 115.10 Td (holdings, ) Tj ET Q q 0 0 0 rg BT 371.97 115.10 Td (at ) Tj ET Q q 0 0 0 rg BT 382.31 115.10 Td (an ) Tj ET Q q 0 0 0 rg BT 394.88 115.10 Td (average ) Tj ET Q q 0 0 0 rg BT 429.10 115.10 Td (price ) Tj ET Q q 0 0 0 rg BT 452.22 115.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 463.68 115.10 Td ($7.41) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 486.18 115.10 Td ( ) Tj ET Q q 0 0 0 rg BT 489.31 115.10 Td (per ) Tj ET Q q 0 0 0 rg BT 505.21 115.10 Td (share ) Tj ET Q q 0 0 0 rg BT 529.44 115.10 Td (for ) Tj ET Q q 0 0 0 rg BT 544.23 115.10 Td (total ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 103.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 87.84 103.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 98.47 103.10 Td ($60.8 ) Tj ET Q q 0 0 0 rg BT 123.27 103.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 152.17 103.10 Td (. ) Tj ET Q q 0 0 0 rg BT 156.97 103.10 Td (During ) Tj ET Q q 0 0 0 rg BT 187.60 103.10 Td (the ) Tj ET Q q 0 0 0 rg BT 202.12 103.10 Td (first ) Tj ET Q q 0 0 0 rg BT 220.53 103.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 240.05 103.10 Td (months ) Tj ET Q q 0 0 0 rg BT 271.80 103.10 Td (of ) Tj ET Q q 0 0 0 rg BT 282.43 103.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 307.23 103.10 Td (we ) Tj ET Q q 0 0 0 rg BT 321.20 103.10 Td (sold ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 340.17 103.10 Td (3,488,387) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 380.17 103.10 Td ( ) Tj ET Q q 0 0 0 rg BT 382.47 103.10 Td (shares, ) Tj ET Q q 0 0 0 rg BT 412.26 103.10 Td (which ) Tj ET Q q 0 0 0 rg BT 439.00 103.10 Td (included ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 475.74 103.10 Td (1,763,387) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 515.74 103.10 Td ( ) Tj ET Q q 0 0 0 rg BT 518.04 103.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 545.33 103.10 Td (sold ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 91.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.93 91.10 Td (the ) Tj ET Q q 0 0 0 rg BT 74.29 91.10 Td (third ) Tj ET Q q 0 0 0 rg BT 95.32 91.10 Td (quarter) Tj ET Q q 0 0 0 rg BT 123.24 91.10 Td (, ) Tj ET Q q 0 0 0 rg BT 127.89 91.10 Td ( ) Tj ET Q q 0 0 0 rg BT 130.03 91.10 Td (for ) Tj ET Q q 0 0 0 rg BT 143.84 91.10 Td (total ) Tj ET Q q 0 0 0 rg BT 163.76 91.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 201.45 91.10 Td (during ) Tj ET Q q 0 0 0 rg BT 229.70 91.10 Td (the ) Tj ET Q q 0 0 0 rg BT 244.07 91.10 Td (first ) Tj ET Q q 0 0 0 rg BT 262.32 91.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 281.69 91.10 Td (months ) Tj ET Q q 0 0 0 rg BT 313.28 91.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 323.76 91.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 343.76 91.10 Td ( ) Tj ET Q q 0 0 0 rg BT 345.91 91.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 356.39 91.10 Td ($24.6 ) Tj ET Q q 0 0 0 rg BT 381.03 91.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 409.92 91.10 Td ( ) Tj ET Q q 0 0 0 rg BT 412.07 91.10 Td (at ) Tj ET Q q 0 0 0 rg BT 421.44 91.10 Td (an ) Tj ET Q q 0 0 0 rg BT 433.02 91.10 Td (average ) Tj ET Q q 0 0 0 rg BT 466.25 91.10 Td (price ) Tj ET Q q 0 0 0 rg BT 488.39 91.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 498.86 91.10 Td ($7.04) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 521.36 91.10 Td ( ) Tj ET Q q 0 0 0 rg BT 523.51 91.10 Td (per ) Tj ET Q q 0 0 0 rg BT 538.43 91.10 Td (share. ) Tj ET Q q 0 0 0 rg BT 564.53 91.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 79.10 Td (At ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 62.71 79.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 123.18 79.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 143.18 79.10 Td (, ) Tj ET Q q 0 0 0 rg BT 148.39 79.10 Td (we ) Tj ET Q q 0 0 0 rg BT 162.75 79.10 Td (owned ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 192.12 79.10 Td (1,595,629) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 232.12 79.10 Td ( ) Tj ET Q q 0 0 0 rg BT 234.83 79.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 262.53 79.10 Td (of ) Tj ET Q q 0 0 0 rg BT 273.56 79.10 Td (Iridium, ) Tj ET Q q 0 0 0 rg BT 308.77 79.10 Td (which ) Tj ET Q q 0 0 0 rg BT 335.91 79.10 Td (had ) Tj ET Q q 0 0 0 rg BT 353.06 79.10 Td (a ) Tj ET Q q 0 0 0 rg BT 360.21 79.10 Td (quoted ) Tj ET Q q 0 0 0 rg BT 390.13 79.10 Td (market ) Tj ET Q q 0 0 0 rg BT 420.60 79.10 Td (value ) Tj ET Q q 0 0 0 rg BT 444.96 79.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 456.00 79.10 Td ($1) Tj ET Q q 0 0 0 rg BT 465.63 79.10 Td (1.0 ) Tj ET Q q 0 0 0 rg BT 480.84 79.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 509.73 79.10 Td ( ) Tj ET Q q 0 0 0 rg BT 512.44 79.10 Td (on ) Tj ET Q q 0 0 0 rg BT 525.14 79.10 Td (that ) Tj ET Q q 0 0 0 rg BT 542.85 79.10 Td (date, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 67.10 Td (and ) Tj ET Q q 0 0 0 rg BT 68.26 67.10 Td (represented ) Tj ET Q q 0 0 0 rg BT 118.17 67.10 Td (approximately ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 179.76 67.10 Td (2%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 193.09 67.10 Td ( ) Tj ET Q q 0 0 0 rg BT 196.91 67.10 Td (of ) Tj ET Q q 0 0 0 rg BT 209.07 67.10 Td (Iridium's ) Tj ET Q q 0 0 0 rg BT 248.58 67.10 Td (fully ) Tj ET Q q 0 0 0 rg BT 271.30 67.10 Td (diluted ) Tj ET Q q 0 0 0 rg BT 302.90 67.10 Td (share. ) Tj ET Q q 0 0 0 rg BT 330.04 67.10 Td (W) Tj ET Q q 0 0 0 rg BT 338.68 67.10 Td (e ) Tj ET Q q 0 0 0 rg BT 346.95 67.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 376.86 67.10 Td (to ) Tj ET Q q 0 0 0 rg BT 388.47 67.10 Td (complete ) Tj ET Q q 0 0 0 rg BT 428.94 67.10 Td (the ) Tj ET Q q 0 0 0 rg BT 444.99 67.10 Td (liquidation ) Tj ET Q q 0 0 0 rg BT 492.14 67.10 Td (of ) Tj ET Q q 0 0 0 rg BT 504.30 67.10 Td (our ) Tj ET Q q 0 0 0 rg BT 521.45 67.10 Td (remaining ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 55.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 96.38 55.10 Td (in ) Tj ET Q q 0 0 0 rg BT 106.66 55.10 Td (Iridium ) Tj ET Q q 0 0 0 rg BT 139.16 55.10 Td (in ) Tj ET Q q 0 0 0 rg BT 149.43 55.10 Td (the ) Tj ET Q q 0 0 0 rg BT 164.15 55.10 Td (fourth ) Tj ET Q q 0 0 0 rg BT 191.09 55.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 221.90 55.10 Td (of ) Tj ET Q q 0 0 0 rg BT 232.73 55.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 255.23 55.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 286.06 55.10 Td (to ) Tj ET Q q 0 0 0 rg BT 296.34 55.10 Td (market ) Tj ET Q q 0 0 0 rg BT 326.60 55.10 Td (conditions.) Tj ET Q endstream endobj 55 0 obj <> endobj 56 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (27) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 730.10 Td (W) Tj ET Q q 0 0 0 rg BT 81.14 730.10 Td (e ) Tj ET Q q 0 0 0 rg BT 87.85 730.10 Td (used ) Tj ET Q q 0 0 0 rg BT 108.45 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 122.94 730.10 Td (net ) Tj ET Q q 0 0 0 rg BT 137.43 730.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 175.24 730.10 Td (from ) Tj ET Q q 0 0 0 rg BT 196.95 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 211.44 730.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 229.26 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 239.87 730.10 Td (our ) Tj ET Q q 0 0 0 rg BT 255.47 730.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 305.52 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 315.57 730.10 Td (merchant ) Tj ET Q q 0 0 0 rg BT 355.04 730.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 389.53 730.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 414.03 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 430.74 730.10 Td (Iridium ) Tj ET Q q 0 0 0 rg BT 463.01 730.10 Td (principally ) Tj ET Q q 0 0 0 rg BT 508.60 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 518.65 730.10 Td (make ) Tj ET Q q 0 0 0 rg BT 542.58 730.10 Td (open ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (market ) Tj ET Q q 0 0 0 rg BT 80.00 718.10 Td (share ) Tj ET Q q 0 0 0 rg BT 103.33 718.10 Td (repurchases ) Tj ET Q q 0 0 0 rg BT 152.75 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 169.42 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 179.43 718.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 208.31 718.10 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 256.09 718.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 304.99 718.10 Td (on ) Tj ET Q q 0 0 0 rg BT 317.22 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 331.67 718.10 Td (revolving ) Tj ET Q q 0 0 0 rg BT 372.23 718.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 391.67 718.10 Td (facility) Tj ET Q q 0 0 0 rg BT 419.35 718.10 Td (. ) Tj ET Q q 0 0 0 rg BT 424.08 718.10 Td ( ) Tj ET Q q 0 0 0 rg BT 426.15 718.10 Td (W) Tj ET Q q 0 0 0 rg BT 434.79 718.10 Td (e ) Tj ET Q q 0 0 0 rg BT 441.46 718.10 Td (intend ) Tj ET Q q 0 0 0 rg BT 468.68 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 478.69 718.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 515.36 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 525.37 718.10 Td (monetize ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (our ) Tj ET Q q 0 0 0 rg BT 64.99 706.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 114.43 706.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 144.42 706.10 Td (to ) Tj ET Q q 0 0 0 rg BT 153.86 706.10 Td (market ) Tj ET Q q 0 0 0 rg BT 183.29 706.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 226.62 706.10 Td (and ) Tj ET Q q 0 0 0 rg BT 242.72 706.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 270.48 706.10 Td (to ) Tj ET Q q 0 0 0 rg BT 279.92 706.10 Td (use ) Tj ET Q q 0 0 0 rg BT 294.92 706.10 Td (future ) Tj ET Q q 0 0 0 rg BT 320.46 706.10 Td (net ) Tj ET Q q 0 0 0 rg BT 334.34 706.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 371.54 706.10 Td (to ) Tj ET Q q 0 0 0 rg BT 380.98 706.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 400.98 706.10 Td (share ) Tj ET Q q 0 0 0 rg BT 423.74 706.10 Td (repurchases ) Tj ET Q q 0 0 0 rg BT 472.60 706.10 Td (or ) Tj ET Q q 0 0 0 rg BT 482.59 706.10 Td (to ) Tj ET Q q 0 0 0 rg BT 492.04 706.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 520.35 706.10 Td (borrowing ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (on ) Tj ET Q q 0 0 0 rg BT 62.50 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 77.22 694.10 Td (revolving ) Tj ET Q q 0 0 0 rg BT 118.04 694.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 137.76 694.10 Td (facility) Tj ET Q q 0 0 0 rg BT 165.43 694.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 673.10 Td (At ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 84.79 673.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 144.84 673.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 164.84 673.10 Td (, ) Tj ET Q q 0 0 0 rg BT 169.63 673.10 Td (our ) Tj ET Q q 0 0 0 rg BT 185.25 673.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 228.08 673.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 278.14 673.10 Td (in ) Tj ET Q q 0 0 0 rg BT 288.21 673.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 332.72 673.10 Td (sponsored ) Tj ET Q q 0 0 0 rg BT 375.56 673.10 Td (and ) Tj ET Q q 0 0 0 rg BT 392.29 673.10 Td (other ) Tj ET Q q 0 0 0 rg BT 415.12 673.10 Td (merchant ) Tj ET Q q 0 0 0 rg BT 454.61 673.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 489.12 673.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 513.63 673.10 Td (were ) Tj ET Q q 0 0 0 rg BT 535.35 673.10 Td (valued ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 661.10 Td (at ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.10 661.10 Td ($1) Tj ET Q q 0 0 0 rg BT 68.73 661.10 Td (1.3 ) Tj ET Q q 0 0 0 rg BT 83.11 661.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 112.00 661.10 Td (. ) Tj ET Q q 0 0 0 rg BT 116.39 661.10 Td (Because ) Tj ET Q q 0 0 0 rg BT 151.59 661.10 Td (merchant ) Tj ET Q q 0 0 0 rg BT 190.67 661.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 224.77 661.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 248.88 661.10 Td (typically ) Tj ET Q q 0 0 0 rg BT 285.75 661.10 Td (invest ) Tj ET Q q 0 0 0 rg BT 311.52 661.10 Td (in ) Tj ET Q q 0 0 0 rg BT 321.19 661.10 Td (privately ) Tj ET Q q 0 0 0 rg BT 358.61 661.10 Td (held ) Tj ET Q q 0 0 0 rg BT 377.71 661.10 Td (companies, ) Tj ET Q q 0 0 0 rg BT 424.86 661.10 Td (the ) Tj ET Q q 0 0 0 rg BT 438.96 661.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 466.40 661.10 Td (of ) Tj ET Q q 0 0 0 rg BT 476.61 661.10 Td (the ) Tj ET Q q 0 0 0 rg BT 490.71 661.10 Td (merchant ) Tj ET Q q 0 0 0 rg BT 529.80 661.10 Td (banking ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 649.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 74.02 649.10 Td (to ) Tj ET Q q 0 0 0 rg BT 83.59 649.10 Td (sell ) Tj ET Q q 0 0 0 rg BT 99.27 649.10 Td (or ) Tj ET Q q 0 0 0 rg BT 109.40 649.10 Td (dispose ) Tj ET Q q 0 0 0 rg BT 141.20 649.10 Td (of ) Tj ET Q q 0 0 0 rg BT 151.32 649.10 Td (the ) Tj ET Q q 0 0 0 rg BT 165.33 649.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 204.89 649.10 Td (they ) Tj ET Q q 0 0 0 rg BT 223.91 649.10 Td (own ) Tj ET Q q 0 0 0 rg BT 242.92 649.10 Td (depends ) Tj ET Q q 0 0 0 rg BT 277.49 649.10 Td (on ) Tj ET Q q 0 0 0 rg BT 289.29 649.10 Td (a ) Tj ET Q q 0 0 0 rg BT 295.52 649.10 Td (number ) Tj ET Q q 0 0 0 rg BT 327.86 649.10 Td (of ) Tj ET Q q 0 0 0 rg BT 337.99 649.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 366.99 649.10 Td (beyond ) Tj ET Q q 0 0 0 rg BT 398.23 649.10 Td (the ) Tj ET Q q 0 0 0 rg BT 412.24 649.10 Td (control ) Tj ET Q q 0 0 0 rg BT 442.36 649.10 Td (of ) Tj ET Q q 0 0 0 rg BT 452.49 649.10 Td (the ) Tj ET Q q 0 0 0 rg BT 466.50 649.10 Td (funds, ) Tj ET Q q 0 0 0 rg BT 493.02 649.10 Td (including ) Tj ET Q q 0 0 0 rg BT 532.58 649.10 Td (general ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 637.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 91.28 637.10 Td (and ) Tj ET Q q 0 0 0 rg BT 108.13 637.10 Td (sector ) Tj ET Q q 0 0 0 rg BT 134.41 637.10 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 180.98 637.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 204.50 637.10 Td (market ) Tj ET Q q 0 0 0 rg BT 234.67 637.10 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 281.24 637.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 329.20 637.10 Td (prices, ) Tj ET Q q 0 0 0 rg BT 357.98 637.10 Td (and ) Tj ET Q q 0 0 0 rg BT 374.83 637.10 Td (the ) Tj ET Q q 0 0 0 rg BT 389.45 637.10 Td (availability ) Tj ET Q q 0 0 0 rg BT 436.85 637.10 Td (of ) Tj ET Q q 0 0 0 rg BT 447.58 637.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 487.75 637.10 Td (to ) Tj ET Q q 0 0 0 rg BT 497.94 637.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 535.34 637.10 Td (buyers ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 625.10 Td (of ) Tj ET Q q 0 0 0 rg BT 61.34 625.10 Td (such ) Tj ET Q q 0 0 0 rg BT 82.69 625.10 Td (securities, ) Tj ET Q q 0 0 0 rg BT 125.97 625.10 Td (among ) Tj ET Q q 0 0 0 rg BT 156.20 625.10 Td (other ) Tj ET Q q 0 0 0 rg BT 179.76 625.10 Td (issues. ) Tj ET Q q 0 0 0 rg BT 208.50 625.10 Td (As ) Tj ET Q q 0 0 0 rg BT 222.63 625.10 Td (a ) Tj ET Q q 0 0 0 rg BT 230.08 625.10 Td (result, ) Tj ET Q q 0 0 0 rg BT 257.81 625.10 Td (we ) Tj ET Q q 0 0 0 rg BT 272.48 625.10 Td (consider ) Tj ET Q q 0 0 0 rg BT 309.38 625.10 Td (our ) Tj ET Q q 0 0 0 rg BT 325.72 625.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 376.51 625.10 Td (in ) Tj ET Q q 0 0 0 rg BT 387.30 625.10 Td (the ) Tj ET Q q 0 0 0 rg BT 402.53 625.10 Td (merchant ) Tj ET Q q 0 0 0 rg BT 442.75 625.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 477.98 625.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 503.21 625.10 Td (illiquid ) Tj ET Q q 0 0 0 rg BT 535.12 625.10 Td (for ) Tj ET Q q 0 0 0 rg BT 549.79 625.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 613.10 Td (short ) Tj ET Q q 0 0 0 rg BT 72.10 613.10 Td (term. ) Tj ET Q q 0 0 0 rg BT 94.88 613.10 Td (W) Tj ET Q q 0 0 0 rg BT 103.92 613.10 Td (ith ) Tj ET Q q 0 0 0 rg BT 116.58 613.10 Td (the ) Tj ET Q q 0 0 0 rg BT 130.90 613.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 148.55 613.10 Td (of ) Tj ET Q q 0 0 0 rg BT 158.98 613.10 Td (our ) Tj ET Q q 0 0 0 rg BT 174.42 613.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 220.40 613.10 Td (in ) Tj ET Q q 0 0 0 rg BT 230.28 613.10 Td (GCP) Tj ET Q q 0 0 0 rg BT 249.37 613.10 Td ( ) Tj ET Q q 0 0 0 rg BT 251.47 613.10 Td (III, ) Tj ET Q q 0 0 0 rg BT 266.06 613.10 Td (our ) Tj ET Q q 0 0 0 rg BT 281.50 613.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 324.14 613.10 Td (commitment ) Tj ET Q q 0 0 0 rg BT 376.79 613.10 Td (to ) Tj ET Q q 0 0 0 rg BT 386.67 613.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 407.11 613.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 435.86 613.10 Td (calls ) Tj ET Q q 0 0 0 rg BT 456.29 613.10 Td (for ) Tj ET Q q 0 0 0 rg BT 470.05 613.10 Td (merchant ) Tj ET Q q 0 0 0 rg BT 509.36 613.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 543.68 613.10 Td (fund ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 601.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 100.27 601.10 Td (is ) Tj ET Q q 0 0 0 rg BT 109.44 601.10 Td ($0.1 ) Tj ET Q q 0 0 0 rg BT 129.44 601.10 Td (million. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 580.10 Td (In ) Tj ET Q q 0 0 0 rg BT 82.71 580.10 Td (January ) Tj ET Q q 0 0 0 rg BT 115.70 580.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 140.08 580.10 Td (our ) Tj ET Q q 0 0 0 rg BT 155.29 580.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 181.62 580.10 Td (of ) Tj ET Q q 0 0 0 rg BT 191.83 580.10 Td (Directors ) Tj ET Q q 0 0 0 rg BT 230.92 580.10 Td (authorized ) Tj ET Q q 0 0 0 rg BT 275.01 580.10 Td (the ) Tj ET Q q 0 0 0 rg BT 289.11 580.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 334.30 580.10 Td (of ) Tj ET Q q 0 0 0 rg BT 344.51 580.10 Td (up ) Tj ET Q q 0 0 0 rg BT 356.39 580.10 Td (to ) Tj ET Q q 0 0 0 rg BT 366.06 580.10 Td ($100.0 ) Tj ET Q q 0 0 0 rg BT 395.44 580.10 Td (million ) Tj ET Q q 0 0 0 rg BT 426.22 580.10 Td (of ) Tj ET Q q 0 0 0 rg BT 436.43 580.10 Td (our ) Tj ET Q q 0 0 0 rg BT 451.64 580.10 Td (common ) Tj ET Q q 0 0 0 rg BT 488.52 580.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 511.51 580.10 Td (during ) Tj ET Q q 0 0 0 rg BT 539.51 580.10 Td (2013. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 568.10 Td (For ) Tj ET Q q 0 0 0 rg BT 66.42 568.10 Td (the ) Tj ET Q q 0 0 0 rg BT 81.16 568.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 100.90 568.10 Td (months ) Tj ET Q q 0 0 0 rg BT 132.88 568.10 Td (ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 159.28 568.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 219.57 568.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 239.57 568.10 Td (, ) Tj ET Q q 0 0 0 rg BT 244.60 568.10 Td (we ) Tj ET Q q 0 0 0 rg BT 258.78 568.10 Td (repurchased ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 309.61 568.10 Td (853,870) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 342.11 568.10 Td ( ) Tj ET Q q 0 0 0 rg BT 344.64 568.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 372.15 568.10 Td (of ) Tj ET Q q 0 0 0 rg BT 383.01 568.10 Td (our ) Tj ET Q q 0 0 0 rg BT 398.87 568.10 Td (common ) Tj ET Q q 0 0 0 rg BT 436.39 568.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 460.02 568.10 Td (in ) Tj ET Q q 0 0 0 rg BT 470.33 568.10 Td (open ) Tj ET Q q 0 0 0 rg BT 492.29 568.10 Td (market ) Tj ET Q q 0 0 0 rg BT 522.58 568.10 Td (purchases ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 556.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.73 556.10 Td (are ) Tj ET Q q 0 0 0 rg BT 81.22 556.10 Td (deemed ) Tj ET Q q 0 0 0 rg BT 114.61 556.10 Td (to ) Tj ET Q q 0 0 0 rg BT 124.67 556.10 Td (have ) Tj ET Q q 0 0 0 rg BT 145.84 556.10 Td (repurchased ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 196.43 556.10 Td (214,303) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 228.93 556.10 Td ( ) Tj ET Q q 0 0 0 rg BT 231.22 556.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 258.50 556.10 Td (of ) Tj ET Q q 0 0 0 rg BT 269.12 556.10 Td (our ) Tj ET Q q 0 0 0 rg BT 284.74 556.10 Td (common ) Tj ET Q q 0 0 0 rg BT 322.03 556.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 345.42 556.10 Td (in ) Tj ET Q q 0 0 0 rg BT 355.49 556.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 401.65 556.10 Td (with ) Tj ET Q q 0 0 0 rg BT 421.72 556.10 Td (the ) Tj ET Q q 0 0 0 rg BT 436.22 556.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 456.28 556.10 Td (settlement ) Tj ET Q q 0 0 0 rg BT 499.67 556.10 Td (of ) Tj ET Q q 0 0 0 rg BT 510.29 556.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 524.79 556.10 Td (liabilities ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 544.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 86.69 544.10 Td (on ) Tj ET Q q 0 0 0 rg BT 100.07 544.10 Td (the ) Tj ET Q q 0 0 0 rg BT 115.67 544.10 Td (vestings ) Tj ET Q q 0 0 0 rg BT 151.82 544.10 Td (of ) Tj ET Q q 0 0 0 rg BT 163.53 544.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 204.11 544.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 228.60 544.10 Td (units. ) Tj ET Q q 0 0 0 rg BT 253.92 544.10 Td (In ) Tj ET Q q 0 0 0 rg BT 265.63 544.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 307.87 544.10 Td (we ) Tj ET Q q 0 0 0 rg BT 322.91 544.10 Td (repurchased ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 374.59 544.10 Td (1,068,173) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 414.59 544.10 Td ( ) Tj ET Q q 0 0 0 rg BT 417.97 544.10 Td (common ) Tj ET Q q 0 0 0 rg BT 456.34 544.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 484.71 544.10 Td (and ) Tj ET Q q 0 0 0 rg BT 502.53 544.10 Td (common ) Tj ET Q q 0 0 0 rg BT 540.90 544.10 Td (stock ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 532.10 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 98.04 532.10 Td (at ) Tj ET Q q 0 0 0 rg BT 107.76 532.10 Td (an ) Tj ET Q q 0 0 0 rg BT 119.70 532.10 Td (average ) Tj ET Q q 0 0 0 rg BT 153.28 532.10 Td (price ) Tj ET Q q 0 0 0 rg BT 175.77 532.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 186.60 532.10 Td ($51.30) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 214.10 532.10 Td ( ) Tj ET Q q 0 0 0 rg BT 216.60 532.10 Td (per ) Tj ET Q q 0 0 0 rg BT 231.87 532.10 Td (share, ) Tj ET Q q 0 0 0 rg BT 257.96 532.10 Td (for ) Tj ET Q q 0 0 0 rg BT 272.12 532.10 Td (a ) Tj ET Q q 0 0 0 rg BT 279.06 532.10 Td (total ) Tj ET Q q 0 0 0 rg BT 299.34 532.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 337.37 532.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 355.98 532.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 366.81 532.10 Td ($54.8 ) Tj ET Q q 0 0 0 rg BT 391.81 532.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 420.70 532.10 Td (. ) Tj ET Q q 0 0 0 rg BT 425.70 532.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 511.10 Td ( ) Tj ET Q q 0 0 0 rg BT 75.07 511.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 102.62 511.10 Td (the ) Tj ET Q q 0 0 0 rg BT 117.40 511.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 142.19 511.10 Td (of ) Tj ET Q q 0 0 0 rg BT 153.08 511.10 Td (our ) Tj ET Q q 0 0 0 rg BT 168.98 511.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 192.65 511.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 220.21 511.10 Td (plan ) Tj ET Q q 0 0 0 rg BT 240.00 511.10 Td (we ) Tj ET Q q 0 0 0 rg BT 254.22 511.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 293.99 511.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 339.86 511.10 Td (from ) Tj ET Q q 0 0 0 rg BT 361.87 511.10 Td (our ) Tj ET Q q 0 0 0 rg BT 377.76 511.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 423.09 511.10 Td (that ) Tj ET Q q 0 0 0 rg BT 440.65 511.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 472.11 511.10 Td (of ) Tj ET Q q 0 0 0 rg BT 483.00 511.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 522.77 511.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 546.45 511.10 Td (unit ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 499.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 81.46 499.10 Td (used ) Tj ET Q q 0 0 0 rg BT 102.93 499.10 Td (to ) Tj ET Q q 0 0 0 rg BT 113.85 499.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 135.32 499.10 Td (income ) Tj ET Q q 0 0 0 rg BT 167.89 499.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 183.25 499.10 Td (withholding ) Tj ET Q q 0 0 0 rg BT 234.72 499.10 Td (due ) Tj ET Q q 0 0 0 rg BT 252.30 499.10 Td (at ) Tj ET Q q 0 0 0 rg BT 262.66 499.10 Td (the ) Tj ET Q q 0 0 0 rg BT 278.01 499.10 Td (time ) Tj ET Q q 0 0 0 rg BT 298.93 499.10 Td (the ) Tj ET Q q 0 0 0 rg BT 314.28 499.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 354.62 499.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 378.87 499.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 397.57 499.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 429.03 499.10 Td (vest. ) Tj ET Q q 0 0 0 rg BT 450.78 499.10 Td ( ) Tj ET Q q 0 0 0 rg BT 453.92 499.10 Td (Based ) Tj ET Q q 0 0 0 rg BT 481.49 499.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 504.63 499.10 Td (the ) Tj ET Q q 0 0 0 rg BT 519.99 499.10 Td (number ) Tj ET Q q 0 0 0 rg BT 553.68 499.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 487.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 88.61 487.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 111.14 487.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 128.10 487.10 Td (grants ) Tj ET Q q 0 0 0 rg BT 153.96 487.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 202.03 487.10 Td (at ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 210.66 487.10 Td (October ) Tj ET Q q 0 0 0 rg BT 244.28 487.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 258.20 487.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 278.20 487.10 Td (, ) Tj ET Q q 0 0 0 rg BT 282.11 487.10 Td (we ) Tj ET Q q 0 0 0 rg BT 295.18 487.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 322.69 487.10 Td (to ) Tj ET Q q 0 0 0 rg BT 331.88 487.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 351.62 487.10 Td (repurchases ) Tj ET Q q 0 0 0 rg BT 400.23 487.10 Td (of ) Tj ET Q q 0 0 0 rg BT 409.97 487.10 Td (our ) Tj ET Q q 0 0 0 rg BT 424.72 487.10 Td (common ) Tj ET Q q 0 0 0 rg BT 461.12 487.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 483.64 487.10 Td (from ) Tj ET Q q 0 0 0 rg BT 504.50 487.10 Td (our ) Tj ET Q q 0 0 0 rg BT 519.24 487.10 Td (employees ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 475.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.60 475.10 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 108.64 475.10 Td (with ) Tj ET Q q 0 0 0 rg BT 128.24 475.10 Td (the ) Tj ET Q q 0 0 0 rg BT 142.28 475.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 161.87 475.10 Td (settlement ) Tj ET Q q 0 0 0 rg BT 204.79 475.10 Td (of ) Tj ET Q q 0 0 0 rg BT 214.94 475.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 228.98 475.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 268.02 475.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 303.16 475.10 Td (on ) Tj ET Q q 0 0 0 rg BT 314.98 475.10 Td (vesting ) Tj ET Q q 0 0 0 rg BT 345.69 475.10 Td (of ) Tj ET Q q 0 0 0 rg BT 355.84 475.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 394.87 475.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 417.80 475.10 Td (units ) Tj ET Q q 0 0 0 rg BT 439.07 475.10 Td (of ) Tj ET Q q 0 0 0 rg BT 449.22 475.10 Td (approximately ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 508.81 475.10 Td ($67.7 ) Tj ET Q q 0 0 0 rg BT 533.13 475.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 562.02 475.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 463.10 Td (\(as ) Tj ET Q q 0 0 0 rg BT 64.01 463.10 Td (calculated ) Tj ET Q q 0 0 0 rg BT 106.88 463.10 Td (based ) Tj ET Q q 0 0 0 rg BT 131.99 463.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 154.34 463.10 Td (the ) Tj ET Q q 0 0 0 rg BT 168.90 463.10 Td (closing ) Tj ET Q q 0 0 0 rg BT 200.14 463.10 Td (share ) Tj ET Q q 0 0 0 rg BT 223.58 463.10 Td (price ) Tj ET Q q 0 0 0 rg BT 245.91 463.10 Td (as ) Tj ET Q q 0 0 0 rg BT 256.59 463.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 267.27 463.10 Td (October ) Tj ET Q q 0 0 0 rg BT 301.82 463.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 316.67 463.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 336.67 463.10 Td ( ) Tj ET Q q 0 0 0 rg BT 339.01 463.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 349.69 463.10 Td ($51.69) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 377.19 463.10 Td ( ) Tj ET Q q 0 0 0 rg BT 379.53 463.10 Td (per ) Tj ET Q q 0 0 0 rg BT 394.65 463.10 Td (share ) Tj ET Q q 0 0 0 rg BT 418.09 463.10 Td (and ) Tj ET Q q 0 0 0 rg BT 434.88 463.10 Td (assuming ) Tj ET Q q 0 0 0 rg BT 475.00 463.10 Td (a ) Tj ET Q q 0 0 0 rg BT 481.79 463.10 Td (withholding ) Tj ET Q q 0 0 0 rg BT 532.47 463.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 547.03 463.10 Td (rate ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 451.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 60.85 451.10 Td (38%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 79.18 451.10 Td (\) ) Tj ET Q q 0 0 0 rg BT 85.03 451.10 Td (over ) Tj ET Q q 0 0 0 rg BT 105.32 451.10 Td (the ) Tj ET Q q 0 0 0 rg BT 120.05 451.10 Td (next ) Tj ET Q q 0 0 0 rg BT 139.79 451.10 Td (five ) Tj ET Q q 0 0 0 rg BT 157.86 451.10 Td (years, ) Tj ET Q q 0 0 0 rg BT 183.97 451.10 Td (of ) Tj ET Q q 0 0 0 rg BT 194.82 451.10 Td (which ) Tj ET Q q 0 0 0 rg BT 221.78 451.10 Td (an ) Tj ET Q q 0 0 0 rg BT 233.74 451.10 Td (additional ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 276.25 451.10 Td ($21.3 ) Tj ET Q q 0 0 0 rg BT 301.27 451.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 330.16 451.10 Td ( ) Tj ET Q q 0 0 0 rg BT 332.68 451.10 Td (will ) Tj ET Q q 0 0 0 rg BT 350.76 451.10 Td (be ) Tj ET Q q 0 0 0 rg BT 362.71 451.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 396.33 451.10 Td (in ) Tj ET Q q 0 0 0 rg BT 406.63 451.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 409.15 451.10 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 429.15 451.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 434.17 451.10 Td ($15.2 ) Tj ET Q q 0 0 0 rg BT 459.18 451.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 488.08 451.10 Td ( ) Tj ET Q q 0 0 0 rg BT 490.60 451.10 Td (will ) Tj ET Q q 0 0 0 rg BT 508.67 451.10 Td (be ) Tj ET Q q 0 0 0 rg BT 520.63 451.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 554.24 451.10 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 439.10 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.00 439.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.65 439.10 Td ($12.1 ) Tj ET Q q 0 0 0 rg BT 99.31 439.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 128.20 439.10 Td ( ) Tj ET Q q 0 0 0 rg BT 130.36 439.10 Td (will ) Tj ET Q q 0 0 0 rg BT 148.07 439.10 Td (be ) Tj ET Q q 0 0 0 rg BT 159.66 439.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 192.91 439.10 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 202.84 439.10 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 222.84 439.10 Td ( ) Tj ET Q q 0 0 0 rg BT 225.00 439.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 229.65 439.10 Td ($12.5 ) Tj ET Q q 0 0 0 rg BT 254.31 439.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 283.20 439.10 Td ( ) Tj ET Q q 0 0 0 rg BT 285.35 439.10 Td (will ) Tj ET Q q 0 0 0 rg BT 303.06 439.10 Td (be ) Tj ET Q q 0 0 0 rg BT 314.66 439.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 347.91 439.10 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 357.84 439.10 Td (2017) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 377.84 439.10 Td (, ) Tj ET Q q 0 0 0 rg BT 382.49 439.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 399.09 439.10 Td ($6.6 ) Tj ET Q q 0 0 0 rg BT 418.74 439.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 447.63 439.10 Td ( ) Tj ET Q q 0 0 0 rg BT 449.79 439.10 Td (will ) Tj ET Q q 0 0 0 rg BT 467.50 439.10 Td (be ) Tj ET Q q 0 0 0 rg BT 479.09 439.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 512.34 439.10 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 522.27 439.10 Td (2018) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 542.27 439.10 Td (. ) Tj ET Q q 0 0 0 rg BT 546.93 439.10 Td ( ) Tj ET Q q 0 0 0 rg BT 548.93 439.10 Td (W) Tj ET Q q 0 0 0 rg BT 557.57 439.10 Td (e ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 427.10 Td (will ) Tj ET Q q 0 0 0 rg BT 68.06 427.10 Td (realize ) Tj ET Q q 0 0 0 rg BT 97.20 427.10 Td (a ) Tj ET Q q 0 0 0 rg BT 104.14 427.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 144.39 427.10 Td (income ) Tj ET Q q 0 0 0 rg BT 176.32 427.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 191.04 427.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 221.30 427.10 Td (concurrently ) Tj ET Q q 0 0 0 rg BT 274.34 427.10 Td (with ) Tj ET Q q 0 0 0 rg BT 294.61 427.10 Td (the ) Tj ET Q q 0 0 0 rg BT 309.33 427.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 329.60 427.10 Td (settlement ) Tj ET Q q 0 0 0 rg BT 373.20 427.10 Td (payments. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 406.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 89.82 406.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 135.47 406.10 Td (of ) Tj ET Q q 0 0 0 rg BT 145.57 406.10 Td (Caliburn ) Tj ET Q q 0 0 0 rg BT 182.33 406.10 Td (was ) Tj ET Q q 0 0 0 rg BT 199.65 406.10 Td (funded ) Tj ET Q q 0 0 0 rg BT 229.18 406.10 Td (with ) Tj ET Q q 0 0 0 rg BT 248.73 406.10 Td (the ) Tj ET Q q 0 0 0 rg BT 262.71 406.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 298.36 406.10 Td (of ) Tj ET Q q 0 0 0 rg BT 308.46 406.10 Td (1,099,874 ) Tj ET Q q 0 0 0 rg BT 350.22 406.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 376.98 406.10 Td (of ) Tj ET Q q 0 0 0 rg BT 387.08 406.10 Td (our ) Tj ET Q q 0 0 0 rg BT 402.18 406.10 Td (common ) Tj ET Q q 0 0 0 rg BT 438.94 406.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 461.82 406.10 Td (and ) Tj ET Q q 0 0 0 rg BT 478.02 406.10 Td (1,099,877 ) Tj ET Q q 0 0 0 rg BT 519.79 406.10 Td (contingent ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (convertible ) Tj ET Q q 0 0 0 rg BT 98.18 394.10 Td (preferred ) Tj ET Q q 0 0 0 rg BT 138.01 394.10 Td (shares. ) Tj ET Q q 0 0 0 rg BT 168.47 394.10 Td (The ) Tj ET Q q 0 0 0 rg BT 187.22 394.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 232.63 394.10 Td (convertible ) Tj ET Q q 0 0 0 rg BT 280.80 394.10 Td (preferred ) Tj ET Q q 0 0 0 rg BT 320.64 394.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 348.83 394.10 Td (do ) Tj ET Q q 0 0 0 rg BT 362.02 394.10 Td (not ) Tj ET Q q 0 0 0 rg BT 378.00 394.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 395.64 394.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 437.72 394.10 Td (and ) Tj ET Q q 0 0 0 rg BT 455.36 394.10 Td (were ) Tj ET Q q 0 0 0 rg BT 477.99 394.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 506.19 394.10 Td (in ) Tj ET Q q 0 0 0 rg BT 517.16 394.10 Td (tranches ) Tj ET Q q 0 0 0 rg BT 553.68 394.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (659,926 ) Tj ET Q q 0 0 0 rg BT 85.41 382.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 113.31 382.10 Td (and ) Tj ET Q q 0 0 0 rg BT 130.66 382.10 Td (439,951 ) Tj ET Q q 0 0 0 rg BT 166.08 382.10 Td (shares, ) Tj ET Q q 0 0 0 rg BT 196.48 382.10 Td (which ) Tj ET Q q 0 0 0 rg BT 223.83 382.10 Td (convert ) Tj ET Q q 0 0 0 rg BT 256.72 382.10 Td (to ) Tj ET Q q 0 0 0 rg BT 267.41 382.10 Td (common ) Tj ET Q q 0 0 0 rg BT 305.32 382.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 333.22 382.10 Td (promptly ) Tj ET Q q 0 0 0 rg BT 372.80 382.10 Td (following ) Tj ET Q q 0 0 0 rg BT 414.60 382.10 Td (the ) Tj ET Q q 0 0 0 rg BT 429.73 382.10 Td (third ) Tj ET Q q 0 0 0 rg BT 451.52 382.10 Td (and ) Tj ET Q q 0 0 0 rg BT 468.87 382.10 Td (fifth ) Tj ET Q q 0 0 0 rg BT 489.00 382.10 Td (anniversary ) Tj ET Q q 0 0 0 rg BT 538.56 382.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.80 382.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (closing ) Tj ET Q q 0 0 0 rg BT 81.72 370.10 Td (of ) Tj ET Q q 0 0 0 rg BT 92.88 370.10 Td (the ) Tj ET Q q 0 0 0 rg BT 107.93 370.10 Td (acquisition, ) Tj ET Q q 0 0 0 rg BT 157.14 370.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 204.80 370.10 Td (, ) Tj ET Q q 0 0 0 rg BT 210.13 370.10 Td (if ) Tj ET Q q 0 0 0 rg BT 219.07 370.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 249.10 370.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 283.58 370.10 Td (tar) Tj ET Q q 0 0 0 rg BT 293.95 370.10 Td (gets ) Tj ET Q q 0 0 0 rg BT 312.89 370.10 Td (are ) Tj ET Q q 0 0 0 rg BT 327.92 370.10 Td (achieved. ) Tj ET Q q 0 0 0 rg BT 368.58 370.10 Td (The ) Tj ET Q q 0 0 0 rg BT 386.96 370.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 440.31 370.10 Td (tar) Tj ET Q q 0 0 0 rg BT 450.68 370.10 Td (get ) Tj ET Q q 0 0 0 rg BT 465.73 370.10 Td (for ) Tj ET Q q 0 0 0 rg BT 480.22 370.10 Td (the ) Tj ET Q q 0 0 0 rg BT 495.27 370.10 Td (first ) Tj ET Q q 0 0 0 rg BT 514.21 370.10 Td (tranche ) Tj ET Q q 0 0 0 rg BT 546.46 370.10 Td (was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (met ) Tj ET Q q 0 0 0 rg BT 67.29 358.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 89.02 358.10 Td (to ) Tj ET Q q 0 0 0 rg BT 99.09 358.10 Td (the ) Tj ET Q q 0 0 0 rg BT 113.60 358.10 Td (third ) Tj ET Q q 0 0 0 rg BT 134.79 358.10 Td (anniversary ) Tj ET Q q 0 0 0 rg BT 183.72 358.10 Td (and ) Tj ET Q q 0 0 0 rg BT 200.46 358.10 Td (659,926 ) Tj ET Q q 0 0 0 rg BT 235.25 358.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 279.76 358.10 Td (convertible ) Tj ET Q q 0 0 0 rg BT 327.03 358.10 Td (preferred ) Tj ET Q q 0 0 0 rg BT 365.96 358.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 393.25 358.10 Td (were ) Tj ET Q q 0 0 0 rg BT 414.97 358.10 Td (converted ) Tj ET Q q 0 0 0 rg BT 456.69 358.10 Td (to ) Tj ET Q q 0 0 0 rg BT 466.76 358.10 Td (common ) Tj ET Q q 0 0 0 rg BT 504.05 358.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 531.33 358.10 Td (in ) Tj ET Q q 0 0 0 rg BT 540.90 358.10 Td (April ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (2013. ) Tj ET Q q 0 0 0 rg BT 75.13 346.10 Td ( ) Tj ET Q q 0 0 0 rg BT 77.56 346.10 Td (The ) Tj ET Q q 0 0 0 rg BT 95.74 346.10 Td (second ) Tj ET Q q 0 0 0 rg BT 126.13 346.10 Td (tranche ) Tj ET Q q 0 0 0 rg BT 158.18 346.10 Td (of ) Tj ET Q q 0 0 0 rg BT 169.14 346.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 213.98 346.10 Td (convertible ) Tj ET Q q 0 0 0 rg BT 261.59 346.10 Td (preferred ) Tj ET Q q 0 0 0 rg BT 300.85 346.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 328.47 346.10 Td (is ) Tj ET Q q 0 0 0 rg BT 337.76 346.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 368.72 346.10 Td (to ) Tj ET Q q 0 0 0 rg BT 379.12 346.10 Td (a ) Tj ET Q q 0 0 0 rg BT 386.19 346.10 Td (measurement ) Tj ET Q q 0 0 0 rg BT 442.12 346.10 Td (period ) Tj ET Q q 0 0 0 rg BT 470.30 346.10 Td (of ) Tj ET Q q 0 0 0 rg BT 481.26 346.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 519.42 346.10 Td (from ) Tj ET Q q 0 0 0 rg BT 540.91 346.10 Td (April ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 60.04 334.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 82.59 334.10 Td (to ) Tj ET Q q 0 0 0 rg BT 92.91 334.10 Td (March ) Tj ET Q q 0 0 0 rg BT 121.55 334.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 136.59 334.10 Td (2015. ) Tj ET Q q 0 0 0 rg BT 161.63 334.10 Td ( ) Tj ET Q q 0 0 0 rg BT 164.18 334.10 Td (If ) Tj ET Q q 0 0 0 rg BT 173.38 334.10 Td (the ) Tj ET Q q 0 0 0 rg BT 188.14 334.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 222.33 334.10 Td (tar) Tj ET Q q 0 0 0 rg BT 232.70 334.10 Td (get ) Tj ET Q q 0 0 0 rg BT 247.46 334.10 Td (for ) Tj ET Q q 0 0 0 rg BT 261.66 334.10 Td (the ) Tj ET Q q 0 0 0 rg BT 276.42 334.10 Td (second ) Tj ET Q q 0 0 0 rg BT 306.73 334.10 Td (tranche ) Tj ET Q q 0 0 0 rg BT 338.70 334.10 Td (is ) Tj ET Q q 0 0 0 rg BT 347.91 334.10 Td (achieved, ) Tj ET Q q 0 0 0 rg BT 388.48 334.10 Td (the ) Tj ET Q q 0 0 0 rg BT 403.24 334.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 456.87 334.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 482.19 334.10 Td (will ) Tj ET Q q 0 0 0 rg BT 500.29 334.10 Td (be ) Tj ET Q q 0 0 0 rg BT 512.27 334.10 Td (converted ) Tj ET Q q 0 0 0 rg BT 554.24 334.10 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (common ) Tj ET Q q 0 0 0 rg BT 86.98 322.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 113.96 322.10 Td (on ) Tj ET Q q 0 0 0 rg BT 125.51 322.10 Td (April ) Tj ET Q q 0 0 0 rg BT 148.60 322.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 158.09 322.10 Td (2015. ) Tj ET Q q 0 0 0 rg BT 182.58 322.10 Td (If ) Tj ET Q q 0 0 0 rg BT 191.23 322.10 Td (the ) Tj ET Q q 0 0 0 rg BT 205.43 322.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 239.06 322.10 Td (tar) Tj ET Q q 0 0 0 rg BT 249.43 322.10 Td (get ) Tj ET Q q 0 0 0 rg BT 263.63 322.10 Td (for ) Tj ET Q q 0 0 0 rg BT 277.28 322.10 Td (the ) Tj ET Q q 0 0 0 rg BT 291.49 322.10 Td (second ) Tj ET Q q 0 0 0 rg BT 321.24 322.10 Td (tranche ) Tj ET Q q 0 0 0 rg BT 352.65 322.10 Td (is ) Tj ET Q q 0 0 0 rg BT 361.31 322.10 Td (not ) Tj ET Q q 0 0 0 rg BT 376.08 322.10 Td (achieved, ) Tj ET Q q 0 0 0 rg BT 416.09 322.10 Td (the ) Tj ET Q q 0 0 0 rg BT 430.30 322.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 472.83 322.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 517.03 322.10 Td (convertible ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (preferred ) Tj ET Q q 0 0 0 rg BT 89.14 310.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 116.63 310.10 Td (will ) Tj ET Q q 0 0 0 rg BT 134.68 310.10 Td (be ) Tj ET Q q 0 0 0 rg BT 146.62 310.10 Td (canceled. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 289.10 Td (While ) Tj ET Q q 0 0 0 rg BT 99.65 289.10 Td (we ) Tj ET Q q 0 0 0 rg BT 114.03 289.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 145.62 289.10 Td (that ) Tj ET Q q 0 0 0 rg BT 163.33 289.10 Td (the ) Tj ET Q q 0 0 0 rg BT 178.26 289.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 198.75 289.10 Td (generated ) Tj ET Q q 0 0 0 rg BT 240.33 289.10 Td (from ) Tj ET Q q 0 0 0 rg BT 262.49 289.10 Td (operations, ) Tj ET Q q 0 0 0 rg BT 309.36 289.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 347.61 289.10 Td (from ) Tj ET Q q 0 0 0 rg BT 369.77 289.10 Td (the ) Tj ET Q q 0 0 0 rg BT 384.70 289.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 402.97 289.10 Td (of ) Tj ET Q q 0 0 0 rg BT 414.01 289.10 Td (Iridium ) Tj ET Q q 0 0 0 rg BT 446.73 289.10 Td (and ) Tj ET Q q 0 0 0 rg BT 463.88 289.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 488.82 289.10 Td (available ) Tj ET Q q 0 0 0 rg BT 527.63 289.10 Td (from ) Tj ET Q q 0 0 0 rg BT 549.78 289.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 277.10 Td (revolving ) Tj ET Q q 0 0 0 rg BT 90.28 277.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 111.67 277.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 130.83 277.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 161.10 277.10 Td (will ) Tj ET Q q 0 0 0 rg BT 178.61 277.10 Td (be ) Tj ET Q q 0 0 0 rg BT 190.00 277.10 Td (suf) Tj ET Q q 0 0 0 rg BT 202.04 277.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 229.53 277.10 Td (to ) Tj ET Q q 0 0 0 rg BT 239.26 277.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 260.65 277.10 Td (our ) Tj ET Q q 0 0 0 rg BT 275.93 277.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 313.41 277.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 353.13 277.10 Td (needs, ) Tj ET Q q 0 0 0 rg BT 380.34 277.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 394.51 277.10 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 443.41 277.10 Td (common ) Tj ET Q q 0 0 0 rg BT 480.35 277.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 521.19 277.10 Td (payments, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 265.10 Td (share ) Tj ET Q q 0 0 0 rg BT 74.69 265.10 Td (repurchases ) Tj ET Q q 0 0 0 rg BT 125.47 265.10 Td (and ) Tj ET Q q 0 0 0 rg BT 143.50 265.10 Td (build-out ) Tj ET Q q 0 0 0 rg BT 183.75 265.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 207.34 265.10 Td (of ) Tj ET Q q 0 0 0 rg BT 219.26 265.10 Td (new ) Tj ET Q q 0 0 0 rg BT 239.50 265.10 Td (of) Tj ET Q q 0 0 0 rg BT 247.65 265.10 Td (fice ) Tj ET Q q 0 0 0 rg BT 266.23 265.10 Td (space, ) Tj ET Q q 0 0 0 rg BT 294.52 265.10 Td (we ) Tj ET Q q 0 0 0 rg BT 309.77 265.10 Td (may ) Tj ET Q q 0 0 0 rg BT 330.58 265.10 Td (adjust ) Tj ET Q q 0 0 0 rg BT 358.05 265.10 Td (our ) Tj ET Q q 0 0 0 rg BT 374.97 265.10 Td (variable ) Tj ET Q q 0 0 0 rg BT 410.76 265.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 450.44 265.10 Td (and ) Tj ET Q q 0 0 0 rg BT 468.47 265.10 Td (other ) Tj ET Q q 0 0 0 rg BT 492.61 265.10 Td (disbursements, ) Tj ET Q q 0 0 0 rg BT 555.91 265.10 Td (if ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 253.10 Td (necessary) Tj ET Q q 0 0 0 rg BT 88.22 253.10 Td (, ) Tj ET Q q 0 0 0 rg BT 93.73 253.10 Td (to ) Tj ET Q q 0 0 0 rg BT 104.52 253.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 126.97 253.10 Td (our ) Tj ET Q q 0 0 0 rg BT 143.31 253.10 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 180.21 253.10 Td (needs. ) Tj ET Q q 0 0 0 rg BT 208.28 253.10 Td (There ) Tj ET Q q 0 0 0 rg BT 234.61 253.10 Td (is ) Tj ET Q q 0 0 0 rg BT 244.29 253.10 Td (no ) Tj ET Q q 0 0 0 rg BT 257.30 253.10 Td (assurance ) Tj ET Q q 0 0 0 rg BT 299.18 253.10 Td (that ) Tj ET Q q 0 0 0 rg BT 317.19 253.10 Td (our ) Tj ET Q q 0 0 0 rg BT 333.53 253.10 Td (current ) Tj ET Q q 0 0 0 rg BT 364.86 253.10 Td (lender ) Tj ET Q q 0 0 0 rg BT 392.86 253.10 Td (will ) Tj ET Q q 0 0 0 rg BT 411.43 253.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 448.87 253.10 Td (to ) Tj ET Q q 0 0 0 rg BT 459.67 253.10 Td (renew ) Tj ET Q q 0 0 0 rg BT 487.11 253.10 Td (our ) Tj ET Q q 0 0 0 rg BT 503.45 253.10 Td (revolving ) Tj ET Q q 0 0 0 rg BT 544.79 253.10 Td (loan ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 241.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 80.31 241.10 Td (annually ) Tj ET Q q 0 0 0 rg BT 116.73 241.10 Td (on ) Tj ET Q q 0 0 0 rg BT 128.71 241.10 Td (comparable ) Tj ET Q q 0 0 0 rg BT 177.34 241.10 Td (terms, ) Tj ET Q q 0 0 0 rg BT 204.04 241.10 Td (and ) Tj ET Q q 0 0 0 rg BT 220.47 241.10 Td (if ) Tj ET Q q 0 0 0 rg BT 228.56 241.10 Td (it ) Tj ET Q q 0 0 0 rg BT 236.11 241.10 Td (is ) Tj ET Q q 0 0 0 rg BT 244.76 241.10 Td (not ) Tj ET Q q 0 0 0 rg BT 259.53 241.10 Td (renewed ) Tj ET Q q 0 0 0 rg BT 295.38 241.10 Td (that ) Tj ET Q q 0 0 0 rg BT 312.36 241.10 Td (we ) Tj ET Q q 0 0 0 rg BT 326.01 241.10 Td (would ) Tj ET Q q 0 0 0 rg BT 352.99 241.10 Td (be ) Tj ET Q q 0 0 0 rg BT 364.42 241.10 Td (able ) Tj ET Q q 0 0 0 rg BT 383.06 241.10 Td (to ) Tj ET Q q 0 0 0 rg BT 392.83 241.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 419.81 241.10 Td (a ) Tj ET Q q 0 0 0 rg BT 426.23 241.10 Td (new ) Tj ET Q q 0 0 0 rg BT 444.88 241.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 469.63 241.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 499.93 241.10 Td (from ) Tj ET Q q 0 0 0 rg BT 521.36 241.10 Td (a ) Tj ET Q q 0 0 0 rg BT 527.78 241.10 Td (dif) Tj ET Q q 0 0 0 rg BT 538.71 241.10 Td (ferent ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 229.10 Td (lender) Tj ET Q q 0 0 0 rg BT 74.43 229.10 Td (. ) Tj ET Q q 0 0 0 rg BT 80.09 229.10 Td (In ) Tj ET Q q 0 0 0 rg BT 91.58 229.10 Td (that ) Tj ET Q q 0 0 0 rg BT 109.74 229.10 Td (case, ) Tj ET Q q 0 0 0 rg BT 132.60 229.10 Td (we ) Tj ET Q q 0 0 0 rg BT 147.42 229.10 Td (could ) Tj ET Q q 0 0 0 rg BT 172.80 229.10 Td (be ) Tj ET Q q 0 0 0 rg BT 185.40 229.10 Td (required ) Tj ET Q q 0 0 0 rg BT 221.87 229.10 Td (to ) Tj ET Q q 0 0 0 rg BT 232.81 229.10 Td (promptly ) Tj ET Q q 0 0 0 rg BT 272.63 229.10 Td (liquidate ) Tj ET Q q 0 0 0 rg BT 310.78 229.10 Td (some ) Tj ET Q q 0 0 0 rg BT 335.05 229.10 Td (of ) Tj ET Q q 0 0 0 rg BT 346.54 229.10 Td (our ) Tj ET Q q 0 0 0 rg BT 363.03 229.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 406.73 229.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 445.43 229.10 Td (investments, ) Tj ET Q q 0 0 0 rg BT 498.86 229.10 Td (issue ) Tj ET Q q 0 0 0 rg BT 522.02 229.10 Td (additional ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 217.10 Td (securities, ) Tj ET Q q 0 0 0 rg BT 92.62 217.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 121.63 217.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 161.75 217.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 184.11 217.10 Td (or ) Tj ET Q q 0 0 0 rg BT 194.80 217.10 Td (take ) Tj ET Q q 0 0 0 rg BT 213.82 217.10 Td (a ) Tj ET Q q 0 0 0 rg BT 220.62 217.10 Td (combination ) Tj ET Q q 0 0 0 rg BT 272.97 217.10 Td (of ) Tj ET Q q 0 0 0 rg BT 283.66 217.10 Td (these ) Tj ET Q q 0 0 0 rg BT 306.56 217.10 Td (actions, ) Tj ET Q q 0 0 0 rg BT 339.75 217.10 Td (in ) Tj ET Q q 0 0 0 rg BT 349.89 217.10 Td (each ) Tj ET Q q 0 0 0 rg BT 370.56 217.10 Td (case ) Tj ET Q q 0 0 0 rg BT 390.13 217.10 Td (on ) Tj ET Q q 0 0 0 rg BT 402.49 217.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 427.06 217.10 Td (which ) Tj ET Q q 0 0 0 rg BT 453.86 217.10 Td (may ) Tj ET Q q 0 0 0 rg BT 473.44 217.10 Td (not ) Tj ET Q q 0 0 0 rg BT 488.58 217.10 Td (be ) Tj ET Q q 0 0 0 rg BT 500.38 217.10 Td (favorable ) Tj ET Q q 0 0 0 rg BT 540.49 217.10 Td (to ) Tj ET Q q 0 0 0 rg BT 550.63 217.10 Td (us. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 205.10 Td (In ) Tj ET Q q 0 0 0 rg BT 60.84 205.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.57 205.10 Td (event ) Tj ET Q q 0 0 0 rg BT 99.73 205.10 Td (that ) Tj ET Q q 0 0 0 rg BT 117.24 205.10 Td (we ) Tj ET Q q 0 0 0 rg BT 131.41 205.10 Td (are ) Tj ET Q q 0 0 0 rg BT 146.12 205.10 Td (not ) Tj ET Q q 0 0 0 rg BT 161.41 205.10 Td (able ) Tj ET Q q 0 0 0 rg BT 180.58 205.10 Td (to ) Tj ET Q q 0 0 0 rg BT 190.86 205.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 212.81 205.10 Td (our ) Tj ET Q q 0 0 0 rg BT 228.65 205.10 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 265.05 205.10 Td (needs, ) Tj ET Q q 0 0 0 rg BT 292.83 205.10 Td (we ) Tj ET Q q 0 0 0 rg BT 307.00 205.10 Td (may ) Tj ET Q q 0 0 0 rg BT 326.72 205.10 Td (consider ) Tj ET Q q 0 0 0 rg BT 363.11 205.10 Td (a ) Tj ET Q q 0 0 0 rg BT 370.06 205.10 Td (range ) Tj ET Q q 0 0 0 rg BT 394.78 205.10 Td (of ) Tj ET Q q 0 0 0 rg BT 405.62 205.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 445.89 205.10 Td (alternatives ) Tj ET Q q 0 0 0 rg BT 494.49 205.10 Td (to ) Tj ET Q q 0 0 0 rg BT 504.78 205.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 526.72 205.10 Td (any ) Tj ET Q q 0 0 0 rg BT 543.67 205.10 Td (such ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 193.10 Td (needs. ) Tj ET Q endstream endobj 57 0 obj <> endobj 58 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (28) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 62.00 742.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 85.62 742.25 Td (Flows) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 722.75 Td (In ) Tj ET Q q 0 0 0 rg BT 86.34 722.75 Td (the ) Tj ET Q q 0 0 0 rg BT 102.56 722.75 Td (first ) Tj ET Q q 0 0 0 rg BT 122.67 722.75 Td (nine ) Tj ET Q q 0 0 0 rg BT 143.90 722.75 Td (months ) Tj ET Q q 0 0 0 rg BT 177.35 722.75 Td (ending ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 208.58 722.75 Td (September30, ) Tj ET Q q 0 0 0 rg BT 270.35 722.75 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 290.35 722.75 Td (, ) Tj ET Q q 0 0 0 rg BT 296.85 722.75 Td (our ) Tj ET Q q 0 0 0 rg BT 314.19 722.75 Td (cash ) Tj ET Q q 0 0 0 rg BT 335.96 722.75 Td (and ) Tj ET Q q 0 0 0 rg BT 354.41 722.75 Td (cash ) Tj ET Q q 0 0 0 rg BT 376.18 722.75 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 425.73 722.75 Td (decreased ) Tj ET Q q 0 0 0 rg BT 469.15 722.75 Td (by ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 483.16 722.75 Td ($20.0 ) Tj ET Q q 0 0 0 rg BT 509.66 722.75 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 538.56 722.75 Td ( ) Tj ET Q q 0 0 0 rg BT 542.56 722.75 Td (from ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 710.75 Td (December31, ) Tj ET Q q 0 0 0 rg BT 108.49 710.75 Td (2012, ) Tj ET Q q 0 0 0 rg BT 133.39 710.75 Td (including ) Tj ET Q q 0 0 0 rg BT 173.57 710.75 Td (a ) Tj ET Q q 0 0 0 rg BT 180.41 710.75 Td (decrease ) Tj ET Q q 0 0 0 rg BT 217.23 710.75 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 227.96 710.75 Td ($1.1 ) Tj ET Q q 0 0 0 rg BT 247.87 710.75 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 276.76 710.75 Td ( ) Tj ET Q q 0 0 0 rg BT 279.16 710.75 Td (from ) Tj ET Q q 0 0 0 rg BT 301.00 710.75 Td (the ) Tj ET Q q 0 0 0 rg BT 315.63 710.75 Td (ef) Tj ET Q q 0 0 0 rg BT 323.21 710.75 Td (fect ) Tj ET Q q 0 0 0 rg BT 340.60 710.75 Td (of ) Tj ET Q q 0 0 0 rg BT 351.34 710.75 Td (the ) Tj ET Q q 0 0 0 rg BT 365.96 710.75 Td (translation ) Tj ET Q q 0 0 0 rg BT 410.57 710.75 Td (of ) Tj ET Q q 0 0 0 rg BT 421.31 710.75 Td (foreign ) Tj ET Q q 0 0 0 rg BT 452.59 710.75 Td (currency ) Tj ET Q q 0 0 0 rg BT 489.97 710.75 Td (amounts ) Tj ET Q q 0 0 0 rg BT 526.26 710.75 Td (into ) Tj ET Q q 0 0 0 rg BT 544.22 710.75 Td (U.S. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 698.75 Td (dollars ) Tj ET Q q 0 0 0 rg BT 79.05 698.75 Td (at ) Tj ET Q q 0 0 0 rg BT 88.09 698.75 Td (the ) Tj ET Q q 0 0 0 rg BT 102.14 698.75 Td (quarter) Tj ET Q q 0 0 0 rg BT 130.25 698.75 Td (-end ) Tj ET Q q 0 0 0 rg BT 149.85 698.75 Td (foreign ) Tj ET Q q 0 0 0 rg BT 180.55 698.75 Td (currency ) Tj ET Q q 0 0 0 rg BT 217.36 698.75 Td (conversion ) Tj ET Q q 0 0 0 rg BT 263.06 698.75 Td (rates. ) Tj ET Q q 0 0 0 rg BT 286.27 698.75 Td ( ) Tj ET Q q 0 0 0 rg BT 287.97 698.75 Td (W) Tj ET Q q 0 0 0 rg BT 296.60 698.75 Td (e ) Tj ET Q q 0 0 0 rg BT 302.87 698.75 Td (generated ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 343.56 698.75 Td ($45.0 ) Tj ET Q q 0 0 0 rg BT 367.89 698.75 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 396.78 698.75 Td ( ) Tj ET Q q 0 0 0 rg BT 398.61 698.75 Td (from ) Tj ET Q q 0 0 0 rg BT 419.88 698.75 Td (operating ) Tj ET Q q 0 0 0 rg BT 459.47 698.75 Td (activities, ) Tj ET Q q 0 0 0 rg BT 499.90 698.75 Td (including ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 539.50 698.75 Td ($76.1 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 686.75 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 78.89 686.75 Td ( ) Tj ET Q q 0 0 0 rg BT 80.87 686.75 Td (from ) Tj ET Q q 0 0 0 rg BT 102.28 686.75 Td (net ) Tj ET Q q 0 0 0 rg BT 116.48 686.75 Td (income ) Tj ET Q q 0 0 0 rg BT 147.89 686.75 Td (after ) Tj ET Q q 0 0 0 rg BT 168.18 686.75 Td (giving ) Tj ET Q q 0 0 0 rg BT 195.71 686.75 Td (ef) Tj ET Q q 0 0 0 rg BT 203.30 686.75 Td (fect ) Tj ET Q q 0 0 0 rg BT 220.26 686.75 Td (to ) Tj ET Q q 0 0 0 rg BT 230.02 686.75 Td (the ) Tj ET Q q 0 0 0 rg BT 244.21 686.75 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 282.29 686.75 Td (items ) Tj ET Q q 0 0 0 rg BT 305.93 686.75 Td (and ) Tj ET Q q 0 0 0 rg BT 322.34 686.75 Td (a ) Tj ET Q q 0 0 0 rg BT 328.76 686.75 Td (net ) Tj ET Q q 0 0 0 rg BT 342.95 686.75 Td (decrease ) Tj ET Q q 0 0 0 rg BT 379.34 686.75 Td (in ) Tj ET Q q 0 0 0 rg BT 389.10 686.75 Td (working ) Tj ET Q q 0 0 0 rg BT 424.40 686.75 Td (capital ) Tj ET Q q 0 0 0 rg BT 453.03 686.75 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 463.34 686.75 Td ($31.1 ) Tj ET Q q 0 0 0 rg BT 487.81 686.75 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 516.70 686.75 Td ( ) Tj ET Q q 0 0 0 rg BT 518.68 686.75 Td (principally ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 674.75 Td (from ) Tj ET Q q 0 0 0 rg BT 72.65 674.75 Td (the ) Tj ET Q q 0 0 0 rg BT 88.07 674.75 Td (payment ) Tj ET Q q 0 0 0 rg BT 125.72 674.75 Td (of ) Tj ET Q q 0 0 0 rg BT 137.26 674.75 Td (annual ) Tj ET Q q 0 0 0 rg BT 167.12 674.75 Td (bonuses ) Tj ET Q q 0 0 0 rg BT 202.55 674.75 Td (and ) Tj ET Q q 0 0 0 rg BT 220.20 674.75 Td (an ) Tj ET Q q 0 0 0 rg BT 232.85 674.75 Td (increase ) Tj ET Q q 0 0 0 rg BT 268.81 674.75 Td (in ) Tj ET Q q 0 0 0 rg BT 279.80 674.75 Td (advisory ) Tj ET Q q 0 0 0 rg BT 317.45 674.75 Td (fees ) Tj ET Q q 0 0 0 rg BT 336.76 674.75 Td (receivable. ) Tj ET Q q 0 0 0 rg BT 383.54 674.75 Td ( ) Tj ET Q q 0 0 0 rg BT 386.52 674.75 Td (W) Tj ET Q q 0 0 0 rg BT 395.16 674.75 Td (e ) Tj ET Q q 0 0 0 rg BT 402.81 674.75 Td (generated ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 444.88 674.75 Td ($26.5 ) Tj ET Q q 0 0 0 rg BT 470.59 674.75 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 499.48 674.75 Td ( ) Tj ET Q q 0 0 0 rg BT 502.69 674.75 Td (from ) Tj ET Q q 0 0 0 rg BT 525.34 674.75 Td (investing ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 662.75 Td (activities, ) Tj ET Q q 0 0 0 rg BT 91.40 662.75 Td (including ) Tj ET Q q 0 0 0 rg BT 131.98 662.75 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 170.32 662.75 Td (from ) Tj ET Q q 0 0 0 rg BT 192.56 662.75 Td (the ) Tj ET Q q 0 0 0 rg BT 207.58 662.75 Td (sale ) Tj ET Q q 0 0 0 rg BT 225.93 662.75 Td (of ) Tj ET Q q 0 0 0 rg BT 237.06 662.75 Td (Iridium ) Tj ET Q q 0 0 0 rg BT 269.86 662.75 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 280.99 662.75 Td ($26.6 ) Tj ET Q q 0 0 0 rg BT 306.29 662.75 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 335.19 662.75 Td ( ) Tj ET Q q 0 0 0 rg BT 337.99 662.75 Td (and ) Tj ET Q q 0 0 0 rg BT 355.23 662.75 Td (distributions ) Tj ET Q q 0 0 0 rg BT 408.04 662.75 Td (from ) Tj ET Q q 0 0 0 rg BT 430.28 662.75 Td (other ) Tj ET Q q 0 0 0 rg BT 453.63 662.75 Td (merchant ) Tj ET Q q 0 0 0 rg BT 493.63 662.75 Td (banking ) Tj ET Q q 0 0 0 rg BT 528.65 662.75 Td (funds ) Tj ET Q q 0 0 0 rg BT 553.68 662.75 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 650.75 Td ($1.0 ) Tj ET Q q 0 0 0 rg BT 70.34 650.75 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 99.23 650.75 Td (, ) Tj ET Q q 0 0 0 rg BT 104.57 650.75 Td (of) Tj ET Q q 0 0 0 rg BT 112.71 650.75 Td (fset ) Tj ET Q q 0 0 0 rg BT 129.99 650.75 Td (by ) Tj ET Q q 0 0 0 rg BT 142.83 650.75 Td (the ) Tj ET Q q 0 0 0 rg BT 157.88 650.75 Td (funding ) Tj ET Q q 0 0 0 rg BT 191.83 650.75 Td (of ) Tj ET Q q 0 0 0 rg BT 202.99 650.75 Td (a ) Tj ET Q q 0 0 0 rg BT 210.27 650.75 Td (merchant ) Tj ET Q q 0 0 0 rg BT 250.31 650.75 Td (banking ) Tj ET Q q 0 0 0 rg BT 285.36 650.75 Td (capital ) Tj ET Q q 0 0 0 rg BT 314.85 650.75 Td (call ) Tj ET Q q 0 0 0 rg BT 332.12 650.75 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 343.29 650.75 Td ($0.5 ) Tj ET Q q 0 0 0 rg BT 363.62 650.75 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 392.51 650.75 Td ( ) Tj ET Q q 0 0 0 rg BT 395.35 650.75 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 412.63 650.75 Td ($0.6 ) Tj ET Q q 0 0 0 rg BT 432.96 650.75 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 461.86 650.75 Td ( ) Tj ET Q q 0 0 0 rg BT 464.69 650.75 Td (for ) Tj ET Q q 0 0 0 rg BT 479.19 650.75 Td (computer ) Tj ET Q q 0 0 0 rg BT 519.79 650.75 Td (equipment ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 638.75 Td (purchases. ) Tj ET Q q 0 0 0 rg BT 94.19 638.75 Td ( ) Tj ET Q q 0 0 0 rg BT 96.30 638.75 Td (W) Tj ET Q q 0 0 0 rg BT 104.93 638.75 Td (e ) Tj ET Q q 0 0 0 rg BT 111.64 638.75 Td (used ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 132.23 638.75 Td ($90.3 ) Tj ET Q q 0 0 0 rg BT 157.00 638.75 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 185.89 638.75 Td ( ) Tj ET Q q 0 0 0 rg BT 188.16 638.75 Td (in ) Tj ET Q q 0 0 0 rg BT 198.20 638.75 Td (financing ) Tj ET Q q 0 0 0 rg BT 238.23 638.75 Td (activities, ) Tj ET Q q 0 0 0 rg BT 279.09 638.75 Td (including ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 319.13 638.75 Td ($42.2 ) Tj ET Q q 0 0 0 rg BT 343.90 638.75 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 372.79 638.75 Td ( ) Tj ET Q q 0 0 0 rg BT 375.06 638.75 Td (for ) Tj ET Q q 0 0 0 rg BT 388.98 638.75 Td (the ) Tj ET Q q 0 0 0 rg BT 403.46 638.75 Td (payment ) Tj ET Q q 0 0 0 rg BT 440.16 638.75 Td (of ) Tj ET Q q 0 0 0 rg BT 450.76 638.75 Td (dividends, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 494.41 638.75 Td ($42.5 ) Tj ET Q q 0 0 0 rg BT 519.18 638.75 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.07 638.75 Td ( ) Tj ET Q q 0 0 0 rg BT 550.33 638.75 Td (for ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 626.75 Td (open ) Tj ET Q q 0 0 0 rg BT 70.69 626.75 Td (market ) Tj ET Q q 0 0 0 rg BT 99.71 626.75 Td (repurchases ) Tj ET Q q 0 0 0 rg BT 148.16 626.75 Td (of ) Tj ET Q q 0 0 0 rg BT 157.75 626.75 Td (our ) Tj ET Q q 0 0 0 rg BT 172.33 626.75 Td (common ) Tj ET Q q 0 0 0 rg BT 208.58 626.75 Td (stock, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 233.44 626.75 Td ($12.3 ) Tj ET Q q 0 0 0 rg BT 257.19 626.75 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 286.09 626.75 Td ( ) Tj ET Q q 0 0 0 rg BT 287.34 626.75 Td (for ) Tj ET Q q 0 0 0 rg BT 300.25 626.75 Td (the ) Tj ET Q q 0 0 0 rg BT 313.72 626.75 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 358.28 626.75 Td (of ) Tj ET Q q 0 0 0 rg BT 367.87 626.75 Td (our ) Tj ET Q q 0 0 0 rg BT 382.45 626.75 Td (common ) Tj ET Q q 0 0 0 rg BT 418.70 626.75 Td (stock ) Tj ET Q q 0 0 0 rg BT 441.06 626.75 Td (from ) Tj ET Q q 0 0 0 rg BT 461.76 626.75 Td (employees ) Tj ET Q q 0 0 0 rg BT 505.77 626.75 Td (in ) Tj ET Q q 0 0 0 rg BT 514.81 626.75 Td (conjunction ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 614.75 Td (with ) Tj ET Q q 0 0 0 rg BT 70.06 614.75 Td (the ) Tj ET Q q 0 0 0 rg BT 84.55 614.75 Td (payment ) Tj ET Q q 0 0 0 rg BT 121.26 614.75 Td (of ) Tj ET Q q 0 0 0 rg BT 131.87 614.75 Td (tax ) Tj ET Q q 0 0 0 rg BT 146.36 614.75 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 185.85 614.75 Td (in ) Tj ET Q q 0 0 0 rg BT 195.91 614.75 Td (settlement ) Tj ET Q q 0 0 0 rg BT 239.28 614.75 Td (of ) Tj ET Q q 0 0 0 rg BT 249.89 614.75 Td (restricted ) Tj ET Q q 0 0 0 rg BT 289.37 614.75 Td (stock ) Tj ET Q q 0 0 0 rg BT 312.76 614.75 Td (units, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 336.98 614.75 Td ($0.3 ) Tj ET Q q 0 0 0 rg BT 356.76 614.75 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 385.65 614.75 Td ( ) Tj ET Q q 0 0 0 rg BT 387.93 614.75 Td (for ) Tj ET Q q 0 0 0 rg BT 401.86 614.75 Td (distributions ) Tj ET Q q 0 0 0 rg BT 454.14 614.75 Td (to ) Tj ET Q q 0 0 0 rg BT 464.20 614.75 Td (non-controlling ) Tj ET Q q 0 0 0 rg BT 528.69 614.75 Td (interests ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 602.75 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 66.74 602.75 Td ($0.3 ) Tj ET Q q 0 0 0 rg BT 86.53 602.75 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 115.42 602.75 Td ( ) Tj ET Q q 0 0 0 rg BT 117.72 602.75 Td (of ) Tj ET Q q 0 0 0 rg BT 128.35 602.75 Td (tax ) Tj ET Q q 0 0 0 rg BT 142.86 602.75 Td (costs ) Tj ET Q q 0 0 0 rg BT 165.16 602.75 Td (related ) Tj ET Q q 0 0 0 rg BT 194.66 602.75 Td (to ) Tj ET Q q 0 0 0 rg BT 204.74 602.75 Td (delivery ) Tj ET Q q 0 0 0 rg BT 239.80 602.75 Td (of ) Tj ET Q q 0 0 0 rg BT 250.42 602.75 Td (restricted ) Tj ET Q q 0 0 0 rg BT 289.92 602.75 Td (stock ) Tj ET Q q 0 0 0 rg BT 313.33 602.75 Td (units ) Tj ET Q q 0 0 0 rg BT 335.08 602.75 Td (at ) Tj ET Q q 0 0 0 rg BT 344.59 602.75 Td (a ) Tj ET Q q 0 0 0 rg BT 351.33 602.75 Td (vesting ) Tj ET Q q 0 0 0 rg BT 382.51 602.75 Td (price ) Tj ET Q q 0 0 0 rg BT 404.79 602.75 Td (lower ) Tj ET Q q 0 0 0 rg BT 429.86 602.75 Td (than ) Tj ET Q q 0 0 0 rg BT 449.37 602.75 Td (the ) Tj ET Q q 0 0 0 rg BT 463.89 602.75 Td (grant ) Tj ET Q q 0 0 0 rg BT 486.73 602.75 Td (price, ) Tj ET Q q 0 0 0 rg BT 511.51 602.75 Td (of) Tj ET Q q 0 0 0 rg BT 519.66 602.75 Td (fset ) Tj ET Q q 0 0 0 rg BT 536.40 602.75 Td (in ) Tj ET Q q 0 0 0 rg BT 546.47 602.75 Td (part ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 590.75 Td (by ) Tj ET Q q 0 0 0 rg BT 62.50 590.75 Td (the ) Tj ET Q q 0 0 0 rg BT 77.22 590.75 Td (funding ) Tj ET Q q 0 0 0 rg BT 110.83 590.75 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 121.66 590.75 Td ($7.3 ) Tj ET Q q 0 0 0 rg BT 141.66 590.75 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 170.55 590.75 Td ( ) Tj ET Q q 0 0 0 rg BT 173.05 590.75 Td (from ) Tj ET Q q 0 0 0 rg BT 194.99 590.75 Td (net ) Tj ET Q q 0 0 0 rg BT 209.70 590.75 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 257.75 590.75 Td (on ) Tj ET Q q 0 0 0 rg BT 270.25 590.75 Td (our ) Tj ET Q q 0 0 0 rg BT 286.08 590.75 Td (revolving ) Tj ET Q q 0 0 0 rg BT 326.91 590.75 Td (loan ) Tj ET Q q 0 0 0 rg BT 346.63 590.75 Td (facility) Tj ET Q q 0 0 0 rg BT 374.30 590.75 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 571.25 Td (In ) Tj ET Q q 0 0 0 rg BT 86.34 571.25 Td (the ) Tj ET Q q 0 0 0 rg BT 102.56 571.25 Td (first ) Tj ET Q q 0 0 0 rg BT 122.67 571.25 Td (nine ) Tj ET Q q 0 0 0 rg BT 143.90 571.25 Td (months ) Tj ET Q q 0 0 0 rg BT 177.35 571.25 Td (ending ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 208.58 571.25 Td (September30, ) Tj ET Q q 0 0 0 rg BT 270.35 571.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 290.35 571.25 Td (, ) Tj ET Q q 0 0 0 rg BT 296.85 571.25 Td (our ) Tj ET Q q 0 0 0 rg BT 314.19 571.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 335.96 571.25 Td (and ) Tj ET Q q 0 0 0 rg BT 354.41 571.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 376.18 571.25 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 425.73 571.25 Td (decreased ) Tj ET Q q 0 0 0 rg BT 469.15 571.25 Td (by ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 483.16 571.25 Td ($23.9 ) Tj ET Q q 0 0 0 rg BT 509.66 571.25 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 538.56 571.25 Td ( ) Tj ET Q q 0 0 0 rg BT 542.56 571.25 Td (from ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 559.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 108.22 559.25 Td (201) Tj ET Q q 0 0 0 rg BT 122.85 559.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 132.49 559.25 Td (net ) Tj ET Q q 0 0 0 rg BT 146.84 559.25 Td (of ) Tj ET Q q 0 0 0 rg BT 157.30 559.25 Td (an ) Tj ET Q q 0 0 0 rg BT 168.88 559.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 203.77 559.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 214.24 559.25 Td ($0.3 ) Tj ET Q q 0 0 0 rg BT 233.87 559.25 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 262.76 559.25 Td ( ) Tj ET Q q 0 0 0 rg BT 264.90 559.25 Td (resulting ) Tj ET Q q 0 0 0 rg BT 302.03 559.25 Td (from ) Tj ET Q q 0 0 0 rg BT 323.61 559.25 Td (the ) Tj ET Q q 0 0 0 rg BT 337.96 559.25 Td (ef) Tj ET Q q 0 0 0 rg BT 345.55 559.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 362.67 559.25 Td (of ) Tj ET Q q 0 0 0 rg BT 373.13 559.25 Td (the ) Tj ET Q q 0 0 0 rg BT 387.49 559.25 Td (translation ) Tj ET Q q 0 0 0 rg BT 431.84 559.25 Td (of ) Tj ET Q q 0 0 0 rg BT 442.30 559.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 473.32 559.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 510.43 559.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 546.45 559.25 Td (into ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 547.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 70.02 547.25 Td (dollars ) Tj ET Q q 0 0 0 rg BT 99.48 547.25 Td (at ) Tj ET Q q 0 0 0 rg BT 108.94 547.25 Td (the ) Tj ET Q q 0 0 0 rg BT 123.39 547.25 Td (quarter) Tj ET Q q 0 0 0 rg BT 151.51 547.25 Td (-end ) Tj ET Q q 0 0 0 rg BT 171.52 547.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 202.64 547.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 239.85 547.25 Td (conversion ) Tj ET Q q 0 0 0 rg BT 285.97 547.25 Td (rates. ) Tj ET Q q 0 0 0 rg BT 309.42 547.25 Td (W) Tj ET Q q 0 0 0 rg BT 318.06 547.25 Td (e ) Tj ET Q q 0 0 0 rg BT 324.74 547.25 Td (generated ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 365.84 547.25 Td ($36.2 ) Tj ET Q q 0 0 0 rg BT 390.58 547.25 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 419.47 547.25 Td ( ) Tj ET Q q 0 0 0 rg BT 421.71 547.25 Td (from ) Tj ET Q q 0 0 0 rg BT 443.39 547.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 483.40 547.25 Td (activities, ) Tj ET Q q 0 0 0 rg BT 524.24 547.25 Td (including ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 535.25 Td ($60.5 ) Tj ET Q q 0 0 0 rg BT 75.47 535.25 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.36 535.25 Td ( ) Tj ET Q q 0 0 0 rg BT 107.33 535.25 Td (from ) Tj ET Q q 0 0 0 rg BT 129.74 535.25 Td (net ) Tj ET Q q 0 0 0 rg BT 144.92 535.25 Td (income ) Tj ET Q q 0 0 0 rg BT 177.32 535.25 Td (after ) Tj ET Q q 0 0 0 rg BT 198.61 535.25 Td (giving ) Tj ET Q q 0 0 0 rg BT 227.13 535.25 Td (ef) Tj ET Q q 0 0 0 rg BT 234.72 535.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 252.68 535.25 Td (to ) Tj ET Q q 0 0 0 rg BT 263.42 535.25 Td (the ) Tj ET Q q 0 0 0 rg BT 278.61 535.25 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 317.68 535.25 Td (items ) Tj ET Q q 0 0 0 rg BT 342.31 535.25 Td (and ) Tj ET Q q 0 0 0 rg BT 359.72 535.25 Td (a ) Tj ET Q q 0 0 0 rg BT 367.12 535.25 Td (net ) Tj ET Q q 0 0 0 rg BT 382.31 535.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 419.69 535.25 Td (in ) Tj ET Q q 0 0 0 rg BT 430.44 535.25 Td (working ) Tj ET Q q 0 0 0 rg BT 466.74 535.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 496.36 535.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 507.66 535.25 Td ($24.3 ) Tj ET Q q 0 0 0 rg BT 533.13 535.25 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 562.02 535.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 523.25 Td (principally ) Tj ET Q q 0 0 0 rg BT 96.00 523.25 Td (from ) Tj ET Q q 0 0 0 rg BT 118.12 523.25 Td (the ) Tj ET Q q 0 0 0 rg BT 133.01 523.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 162.35 523.25 Td (payment ) Tj ET Q q 0 0 0 rg BT 199.46 523.25 Td (of ) Tj ET Q q 0 0 0 rg BT 210.47 523.25 Td (bonuses. ) Tj ET Q q 0 0 0 rg BT 247.68 523.25 Td (W) Tj ET Q q 0 0 0 rg BT 256.32 523.25 Td (e ) Tj ET Q q 0 0 0 rg BT 263.44 523.25 Td (generated ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 304.98 523.25 Td ($19.3 ) Tj ET Q q 0 0 0 rg BT 330.16 523.25 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 359.05 523.25 Td ( ) Tj ET Q q 0 0 0 rg BT 361.73 523.25 Td (from ) Tj ET Q q 0 0 0 rg BT 383.85 523.25 Td (investing ) Tj ET Q q 0 0 0 rg BT 423.19 523.25 Td (activities, ) Tj ET Q q 0 0 0 rg BT 464.47 523.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 504.36 523.25 Td (from ) Tj ET Q q 0 0 0 rg BT 526.48 523.25 Td (proceeds ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 511.25 Td (from ) Tj ET Q q 0 0 0 rg BT 72.61 511.25 Td (the ) Tj ET Q q 0 0 0 rg BT 87.99 511.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 106.71 511.25 Td (of ) Tj ET Q q 0 0 0 rg BT 118.21 511.25 Td (Iridium ) Tj ET Q q 0 0 0 rg BT 151.37 511.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 162.87 511.25 Td ($24.9 ) Tj ET Q q 0 0 0 rg BT 188.54 511.25 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 217.43 511.25 Td ( ) Tj ET Q q 0 0 0 rg BT 220.60 511.25 Td (and ) Tj ET Q q 0 0 0 rg BT 238.21 511.25 Td (distributions ) Tj ET Q q 0 0 0 rg BT 291.38 511.25 Td (from ) Tj ET Q q 0 0 0 rg BT 313.99 511.25 Td (other ) Tj ET Q q 0 0 0 rg BT 337.71 511.25 Td (merchant ) Tj ET Q q 0 0 0 rg BT 378.08 511.25 Td (banking ) Tj ET Q q 0 0 0 rg BT 413.46 511.25 Td (funds ) Tj ET Q q 0 0 0 rg BT 438.85 511.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 450.35 511.25 Td ($3.0 ) Tj ET Q q 0 0 0 rg BT 471.02 511.25 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 499.91 511.25 Td (, ) Tj ET Q q 0 0 0 rg BT 505.58 511.25 Td (of) Tj ET Q q 0 0 0 rg BT 513.73 511.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 531.34 511.25 Td (by ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 544.51 511.25 Td ($6.5 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 499.25 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 78.89 499.25 Td ( ) Tj ET Q q 0 0 0 rg BT 81.71 499.25 Td (used ) Tj ET Q q 0 0 0 rg BT 102.86 499.25 Td (to ) Tj ET Q q 0 0 0 rg BT 113.46 499.25 Td (fund ) Tj ET Q q 0 0 0 rg BT 134.62 499.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 164.09 499.25 Td (calls ) Tj ET Q q 0 0 0 rg BT 185.23 499.25 Td (for ) Tj ET Q q 0 0 0 rg BT 199.71 499.25 Td (our ) Tj ET Q q 0 0 0 rg BT 215.87 499.25 Td (merchant ) Tj ET Q q 0 0 0 rg BT 255.89 499.25 Td (banking ) Tj ET Q q 0 0 0 rg BT 290.93 499.25 Td (fund ) Tj ET Q q 0 0 0 rg BT 312.08 499.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 362.67 499.25 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 379.93 499.25 Td ($2.1 ) Tj ET Q q 0 0 0 rg BT 400.25 499.25 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 429.15 499.25 Td ( ) Tj ET Q q 0 0 0 rg BT 431.97 499.25 Td (for ) Tj ET Q q 0 0 0 rg BT 446.45 499.25 Td (build ) Tj ET Q q 0 0 0 rg BT 469.83 499.25 Td (out ) Tj ET Q q 0 0 0 rg BT 485.43 499.25 Td (of ) Tj ET Q q 0 0 0 rg BT 496.58 499.25 Td (of) Tj ET Q q 0 0 0 rg BT 504.73 499.25 Td (fice ) Tj ET Q q 0 0 0 rg BT 522.53 499.25 Td (space ) Tj ET Q q 0 0 0 rg BT 547.56 499.25 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 487.25 Td (other ) Tj ET Q q 0 0 0 rg BT 73.50 487.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 103.10 487.25 Td (needs. ) Tj ET Q q 0 0 0 rg BT 131.11 487.25 Td (W) Tj ET Q q 0 0 0 rg BT 139.75 487.25 Td (e ) Tj ET Q q 0 0 0 rg BT 147.14 487.25 Td (used ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 168.42 487.25 Td ($79.8 ) Tj ET Q q 0 0 0 rg BT 193.87 487.25 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 222.76 487.25 Td ( ) Tj ET Q q 0 0 0 rg BT 225.71 487.25 Td (in ) Tj ET Q q 0 0 0 rg BT 236.44 487.25 Td (financing ) Tj ET Q q 0 0 0 rg BT 277.16 487.25 Td (activities, ) Tj ET Q q 0 0 0 rg BT 318.71 487.25 Td (including ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 359.43 487.25 Td ($42.2 ) Tj ET Q q 0 0 0 rg BT 384.88 487.25 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 413.78 487.25 Td ( ) Tj ET Q q 0 0 0 rg BT 416.73 487.25 Td (for ) Tj ET Q q 0 0 0 rg BT 431.34 487.25 Td (the ) Tj ET Q q 0 0 0 rg BT 446.51 487.25 Td (payment ) Tj ET Q q 0 0 0 rg BT 483.89 487.25 Td (of ) Tj ET Q q 0 0 0 rg BT 495.17 487.25 Td (dividends, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 539.51 487.25 Td ($32.5 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 475.25 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 78.89 475.25 Td ( ) Tj ET Q q 0 0 0 rg BT 81.17 475.25 Td (for ) Tj ET Q q 0 0 0 rg BT 95.11 475.25 Td (open ) Tj ET Q q 0 0 0 rg BT 116.82 475.25 Td (market ) Tj ET Q q 0 0 0 rg BT 146.86 475.25 Td (repurchases ) Tj ET Q q 0 0 0 rg BT 196.34 475.25 Td (of ) Tj ET Q q 0 0 0 rg BT 206.94 475.25 Td (our ) Tj ET Q q 0 0 0 rg BT 222.55 475.25 Td (common ) Tj ET Q q 0 0 0 rg BT 259.82 475.25 Td (stock, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 285.71 475.25 Td ($8.0 ) Tj ET Q q 0 0 0 rg BT 305.48 475.25 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 334.38 475.25 Td ( ) Tj ET Q q 0 0 0 rg BT 336.65 475.25 Td (for ) Tj ET Q q 0 0 0 rg BT 350.59 475.25 Td (the ) Tj ET Q q 0 0 0 rg BT 365.08 475.25 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 410.67 475.25 Td (of ) Tj ET Q q 0 0 0 rg BT 421.27 475.25 Td (our ) Tj ET Q q 0 0 0 rg BT 436.88 475.25 Td (common ) Tj ET Q q 0 0 0 rg BT 474.15 475.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 497.54 475.25 Td (from ) Tj ET Q q 0 0 0 rg BT 519.25 475.25 Td (employees ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 463.25 Td (in ) Tj ET Q q 0 0 0 rg BT 60.80 463.25 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 111.04 463.25 Td (with ) Tj ET Q q 0 0 0 rg BT 131.84 463.25 Td (the ) Tj ET Q q 0 0 0 rg BT 147.08 463.25 Td (payment ) Tj ET Q q 0 0 0 rg BT 184.54 463.25 Td (of ) Tj ET Q q 0 0 0 rg BT 195.89 463.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 211.13 463.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 251.37 463.25 Td (in ) Tj ET Q q 0 0 0 rg BT 262.18 463.25 Td (settlement ) Tj ET Q q 0 0 0 rg BT 306.30 463.25 Td (of ) Tj ET Q q 0 0 0 rg BT 317.65 463.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 357.88 463.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 382.01 463.25 Td (units ) Tj ET Q q 0 0 0 rg BT 404.48 463.25 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.95 463.25 Td ($4.4 ) Tj ET Q q 0 0 0 rg BT 442.47 463.25 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 471.36 463.25 Td ( ) Tj ET Q q 0 0 0 rg BT 474.39 463.25 Td (of ) Tj ET Q q 0 0 0 rg BT 485.74 463.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 500.98 463.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 524.00 463.25 Td (related ) Tj ET Q q 0 0 0 rg BT 554.23 463.25 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 451.25 Td (delivery ) Tj ET Q q 0 0 0 rg BT 84.58 451.25 Td (of ) Tj ET Q q 0 0 0 rg BT 94.72 451.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 133.73 451.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 156.65 451.25 Td (units ) Tj ET Q q 0 0 0 rg BT 177.91 451.25 Td (at ) Tj ET Q q 0 0 0 rg BT 186.94 451.25 Td (a ) Tj ET Q q 0 0 0 rg BT 193.19 451.25 Td (vesting ) Tj ET Q q 0 0 0 rg BT 223.89 451.25 Td (price ) Tj ET Q q 0 0 0 rg BT 245.68 451.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 270.26 451.25 Td (than ) Tj ET Q q 0 0 0 rg BT 289.29 451.25 Td (the ) Tj ET Q q 0 0 0 rg BT 303.32 451.25 Td (grant ) Tj ET Q q 0 0 0 rg BT 325.68 451.25 Td (price, ) Tj ET Q q 0 0 0 rg BT 349.98 451.25 Td (of) Tj ET Q q 0 0 0 rg BT 358.13 451.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 374.38 451.25 Td (by ) Tj ET Q q 0 0 0 rg BT 386.19 451.25 Td (net ) Tj ET Q q 0 0 0 rg BT 400.21 451.25 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 447.58 451.25 Td (on ) Tj ET Q q 0 0 0 rg BT 459.39 451.25 Td (our ) Tj ET Q q 0 0 0 rg BT 474.53 451.25 Td (revolving ) Tj ET Q q 0 0 0 rg BT 514.67 451.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 533.70 451.25 Td (facility ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 439.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 60.83 439.25 Td ($7.3 ) Tj ET Q q 0 0 0 rg BT 80.83 439.25 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 109.72 439.25 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 414.75 Td (Off-Balance Sheet ) Tj ET Q q 0 0 0 rg BT 129.43 414.75 Td (Arrangements) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 398.25 Td (W) Tj ET Q q 0 0 0 rg BT 82.64 398.25 Td (e ) Tj ET Q q 0 0 0 rg BT 90.03 398.25 Td (do ) Tj ET Q q 0 0 0 rg BT 102.99 398.25 Td (not ) Tj ET Q q 0 0 0 rg BT 118.72 398.25 Td (invest ) Tj ET Q q 0 0 0 rg BT 145.56 398.25 Td (in ) Tj ET Q q 0 0 0 rg BT 156.30 398.25 Td (any ) Tj ET Q q 0 0 0 rg BT 173.69 398.25 Td (of) Tj ET Q q 0 0 0 rg BT 181.84 398.25 Td (f-balance ) Tj ET Q q 0 0 0 rg BT 221.99 398.25 Td (sheet ) Tj ET Q q 0 0 0 rg BT 245.49 398.25 Td (vehicles ) Tj ET Q q 0 0 0 rg BT 281.21 398.25 Td (that ) Tj ET Q q 0 0 0 rg BT 299.16 398.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 332.66 398.25 Td (financing, ) Tj ET Q q 0 0 0 rg BT 375.88 398.25 Td (liquidity) Tj ET Q q 0 0 0 rg BT 409.13 398.25 Td (, ) Tj ET Q q 0 0 0 rg BT 414.58 398.25 Td (market ) Tj ET Q q 0 0 0 rg BT 445.30 398.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 463.26 398.25 Td (or ) Tj ET Q q 0 0 0 rg BT 474.54 398.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 500.26 398.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 518.22 398.25 Td (support, ) Tj ET Q q 0 0 0 rg BT 553.67 398.25 Td (or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 386.25 Td (engage ) Tj ET Q q 0 0 0 rg BT 81.73 386.25 Td (in ) Tj ET Q q 0 0 0 rg BT 92.92 386.25 Td (any ) Tj ET Q q 0 0 0 rg BT 110.77 386.25 Td (leasing ) Tj ET Q q 0 0 0 rg BT 142.51 386.25 Td (or ) Tj ET Q q 0 0 0 rg BT 154.25 386.25 Td (hedging ) Tj ET Q q 0 0 0 rg BT 189.88 386.25 Td (activities ) Tj ET Q q 0 0 0 rg BT 229.39 386.25 Td (that ) Tj ET Q q 0 0 0 rg BT 247.80 386.25 Td (expose ) Tj ET Q q 0 0 0 rg BT 278.98 386.25 Td (us ) Tj ET Q q 0 0 0 rg BT 291.29 386.25 Td (to ) Tj ET Q q 0 0 0 rg BT 302.48 386.25 Td (any ) Tj ET Q q 0 0 0 rg BT 320.33 386.25 Td (liability ) Tj ET Q q 0 0 0 rg BT 354.85 386.25 Td (that ) Tj ET Q q 0 0 0 rg BT 373.26 386.25 Td (is ) Tj ET Q q 0 0 0 rg BT 383.34 386.25 Td (not ) Tj ET Q q 0 0 0 rg BT 399.54 386.25 Td (reflected ) Tj ET Q q 0 0 0 rg BT 437.92 386.25 Td (in ) Tj ET Q q 0 0 0 rg BT 449.11 386.25 Td (our ) Tj ET Q q 0 0 0 rg BT 465.85 386.25 Td (condensed ) Tj ET Q q 0 0 0 rg BT 511.47 386.25 Td (consolidated ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 374.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 87.48 374.25 Td (statements.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 351.25 Td (Market Risk) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 334.75 Td (W) Tj ET Q q 0 0 0 rg BT 85.64 334.75 Td (e ) Tj ET Q q 0 0 0 rg BT 92.68 334.75 Td (limit ) Tj ET Q q 0 0 0 rg BT 114.17 334.75 Td (our ) Tj ET Q q 0 0 0 rg BT 130.10 334.75 Td (investments ) Tj ET Q q 0 0 0 rg BT 180.47 334.75 Td (to ) Tj ET Q q 0 0 0 rg BT 190.85 334.75 Td (\(1\)short-term ) Tj ET Q q 0 0 0 rg BT 249.26 334.75 Td (cash ) Tj ET Q q 0 0 0 rg BT 269.63 334.75 Td (investments, ) Tj ET Q q 0 0 0 rg BT 322.50 334.75 Td (which ) Tj ET Q q 0 0 0 rg BT 349.54 334.75 Td (we ) Tj ET Q q 0 0 0 rg BT 363.80 334.75 Td (believe ) Tj ET Q q 0 0 0 rg BT 395.27 334.75 Td (do ) Tj ET Q q 0 0 0 rg BT 407.87 334.75 Td (not ) Tj ET Q q 0 0 0 rg BT 423.24 334.75 Td (face ) Tj ET Q q 0 0 0 rg BT 442.49 334.75 Td (any ) Tj ET Q q 0 0 0 rg BT 459.53 334.75 Td (material ) Tj ET Q q 0 0 0 rg BT 494.88 334.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 526.92 334.75 Td (rate ) Tj ET Q q 0 0 0 rg BT 544.50 334.75 Td (risk, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 322.75 Td (equity ) Tj ET Q q 0 0 0 rg BT 76.49 322.75 Td (price ) Tj ET Q q 0 0 0 rg BT 97.98 322.75 Td (risk ) Tj ET Q q 0 0 0 rg BT 114.47 322.75 Td (or ) Tj ET Q q 0 0 0 rg BT 124.30 322.75 Td (other ) Tj ET Q q 0 0 0 rg BT 146.35 322.75 Td (market ) Tj ET Q q 0 0 0 rg BT 175.61 322.75 Td (risk ) Tj ET Q q 0 0 0 rg BT 192.11 322.75 Td (and ) Tj ET Q q 0 0 0 rg BT 208.04 322.75 Td (\(2\)principal ) Tj ET Q q 0 0 0 rg BT 259.24 322.75 Td (investments ) Tj ET Q q 0 0 0 rg BT 308.52 322.75 Td (made ) Tj ET Q q 0 0 0 rg BT 331.67 322.75 Td (in ) Tj ET Q q 0 0 0 rg BT 340.95 322.75 Td (Iridium ) Tj ET Q q 0 0 0 rg BT 372.44 322.75 Td (and ) Tj ET Q q 0 0 0 rg BT 388.38 322.75 Td (merchant ) Tj ET Q q 0 0 0 rg BT 427.08 322.75 Td (banking ) Tj ET Q q 0 0 0 rg BT 460.79 322.75 Td (investments. ) Tj ET Q q 0 0 0 rg BT 512.45 322.75 Td (W) Tj ET Q q 0 0 0 rg BT 521.09 322.75 Td (e ) Tj ET Q q 0 0 0 rg BT 527.03 322.75 Td (maintain ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 310.75 Td (our ) Tj ET Q q 0 0 0 rg BT 65.07 310.75 Td (cash ) Tj ET Q q 0 0 0 rg BT 84.58 310.75 Td (and ) Tj ET Q q 0 0 0 rg BT 100.76 310.75 Td (cash ) Tj ET Q q 0 0 0 rg BT 120.27 310.75 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 167.55 310.75 Td (with ) Tj ET Q q 0 0 0 rg BT 187.07 310.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 223.79 310.75 Td (institutions ) Tj ET Q q 0 0 0 rg BT 269.99 310.75 Td (with ) Tj ET Q q 0 0 0 rg BT 289.50 310.75 Td (high ) Tj ET Q q 0 0 0 rg BT 309.02 310.75 Td (credit ) Tj ET Q q 0 0 0 rg BT 333.53 310.75 Td (ratings. ) Tj ET Q q 0 0 0 rg BT 364.99 310.75 Td ( ) Tj ET Q q 0 0 0 rg BT 366.34 310.75 Td (Although ) Tj ET Q q 0 0 0 rg BT 405.86 310.75 Td (these ) Tj ET Q q 0 0 0 rg BT 428.15 310.75 Td (deposits ) Tj ET Q q 0 0 0 rg BT 462.67 310.75 Td (are ) Tj ET Q q 0 0 0 rg BT 476.62 310.75 Td (generally ) Tj ET Q q 0 0 0 rg BT 515.56 310.75 Td (not ) Tj ET Q q 0 0 0 rg BT 530.08 310.75 Td (insured, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 298.75 Td (management ) Tj ET Q q 0 0 0 rg BT 102.72 298.75 Td (believes ) Tj ET Q q 0 0 0 rg BT 137.12 298.75 Td (that ) Tj ET Q q 0 0 0 rg BT 153.75 298.75 Td (the ) Tj ET Q q 0 0 0 rg BT 167.60 298.75 Td (Firm ) Tj ET Q q 0 0 0 rg BT 188.68 298.75 Td (is ) Tj ET Q q 0 0 0 rg BT 196.98 298.75 Td (not ) Tj ET Q q 0 0 0 rg BT 211.39 298.75 Td (exposed ) Tj ET Q q 0 0 0 rg BT 245.80 298.75 Td (to ) Tj ET Q q 0 0 0 rg BT 255.21 298.75 Td (significant ) Tj ET Q q 0 0 0 rg BT 299.05 298.75 Td (credit ) Tj ET Q q 0 0 0 rg BT 323.45 298.75 Td (risk ) Tj ET Q q 0 0 0 rg BT 340.08 298.75 Td (due ) Tj ET Q q 0 0 0 rg BT 356.15 298.75 Td (to ) Tj ET Q q 0 0 0 rg BT 365.57 298.75 Td (the ) Tj ET Q q 0 0 0 rg BT 379.42 298.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 416.03 298.75 Td (position ) Tj ET Q q 0 0 0 rg BT 449.89 298.75 Td (of ) Tj ET Q q 0 0 0 rg BT 459.85 298.75 Td (the ) Tj ET Q q 0 0 0 rg BT 473.70 298.75 Td (depository ) Tj ET Q q 0 0 0 rg BT 517.55 298.75 Td (institutions ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 286.75 Td (in ) Tj ET Q q 0 0 0 rg BT 60.28 286.75 Td (which ) Tj ET Q q 0 0 0 rg BT 87.22 286.75 Td (those ) Tj ET Q q 0 0 0 rg BT 110.83 286.75 Td (deposits ) Tj ET Q q 0 0 0 rg BT 146.10 286.75 Td (are ) Tj ET Q q 0 0 0 rg BT 160.81 286.75 Td (held.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 270.25 Td (W) Tj ET Q q 0 0 0 rg BT 85.64 270.25 Td (e ) Tj ET Q q 0 0 0 rg BT 93.16 270.25 Td (monitor ) Tj ET Q q 0 0 0 rg BT 127.92 270.25 Td (the ) Tj ET Q q 0 0 0 rg BT 143.22 270.25 Td (quality ) Tj ET Q q 0 0 0 rg BT 174.08 270.25 Td (of ) Tj ET Q q 0 0 0 rg BT 185.50 270.25 Td (our ) Tj ET Q q 0 0 0 rg BT 201.92 270.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 252.78 270.25 Td (on ) Tj ET Q q 0 0 0 rg BT 265.87 270.25 Td (a ) Tj ET Q q 0 0 0 rg BT 273.40 270.25 Td (regular ) Tj ET Q q 0 0 0 rg BT 304.80 270.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 327.89 270.25 Td (and ) Tj ET Q q 0 0 0 rg BT 345.42 270.25 Td (may ) Tj ET Q q 0 0 0 rg BT 365.72 270.25 Td (choose ) Tj ET Q q 0 0 0 rg BT 396.58 270.25 Td (to ) Tj ET Q q 0 0 0 rg BT 407.45 270.25 Td (diversify ) Tj ET Q q 0 0 0 rg BT 446.08 270.25 Td (such ) Tj ET Q q 0 0 0 rg BT 467.50 270.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 518.36 270.25 Td (to ) Tj ET Q q 0 0 0 rg BT 529.23 270.25 Td (mitigate ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 258.25 Td (perceived ) Tj ET Q q 0 0 0 rg BT 90.88 258.25 Td (market ) Tj ET Q q 0 0 0 rg BT 120.66 258.25 Td (risk. ) Tj ET Q q 0 0 0 rg BT 140.17 258.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 157.74 258.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 177.52 258.25 Td (and ) Tj ET Q q 0 0 0 rg BT 193.98 258.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 213.76 258.25 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 261.32 258.25 Td (are ) Tj ET Q q 0 0 0 rg BT 275.54 258.25 Td (denominated ) Tj ET Q q 0 0 0 rg BT 329.21 258.25 Td (in ) Tj ET Q q 0 0 0 rg BT 339.00 258.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 358.80 258.25 Td (dollars, ) Tj ET Q q 0 0 0 rg BT 390.09 258.25 Td (Australian ) Tj ET Q q 0 0 0 rg BT 433.76 258.25 Td (dollars, ) Tj ET Q q 0 0 0 rg BT 465.49 258.25 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 505.27 258.25 Td (dollars, ) Tj ET Q q 0 0 0 rg BT 537.00 258.25 Td (pound ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 246.25 Td (sterling, ) Tj ET Q q 0 0 0 rg BT 85.10 246.25 Td (euros, ) Tj ET Q q 0 0 0 rg BT 111.87 246.25 Td (Swedish ) Tj ET Q q 0 0 0 rg BT 148.37 246.25 Td (krona, ) Tj ET Q q 0 0 0 rg BT 176.25 246.25 Td (and ) Tj ET Q q 0 0 0 rg BT 193.30 246.25 Td (yen, ) Tj ET Q q 0 0 0 rg BT 212.85 246.25 Td (and ) Tj ET Q q 0 0 0 rg BT 229.89 246.25 Td (we ) Tj ET Q q 0 0 0 rg BT 244.16 246.25 Td (face ) Tj ET Q q 0 0 0 rg BT 263.42 246.25 Td (modest ) Tj ET Q q 0 0 0 rg BT 294.91 246.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 326.40 246.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 363.98 246.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 381.59 246.25 Td (in ) Tj ET Q q 0 0 0 rg BT 391.98 246.25 Td (our ) Tj ET Q q 0 0 0 rg BT 407.92 246.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 428.29 246.25 Td (balances ) Tj ET Q q 0 0 0 rg BT 465.33 246.25 Td (held ) Tj ET Q q 0 0 0 rg BT 485.15 246.25 Td (in ) Tj ET Q q 0 0 0 rg BT 495.54 246.25 Td (accounts ) Tj ET Q q 0 0 0 rg BT 533.13 246.25 Td (outside ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 234.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.75 234.25 Td (United ) Tj ET Q q 0 0 0 rg BT 94.50 234.25 Td (States ) Tj ET Q q 0 0 0 rg BT 120.92 234.25 Td (due ) Tj ET Q q 0 0 0 rg BT 137.90 234.25 Td (to ) Tj ET Q q 0 0 0 rg BT 148.21 234.25 Td (potential ) Tj ET Q q 0 0 0 rg BT 185.73 234.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 223.24 234.25 Td (movements ) Tj ET Q q 0 0 0 rg BT 271.88 234.25 Td (and ) Tj ET Q q 0 0 0 rg BT 288.85 234.25 Td (the ) Tj ET Q q 0 0 0 rg BT 303.60 234.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 347.23 234.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 378.64 234.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 416.15 234.25 Td (translation ) Tj ET Q q 0 0 0 rg BT 460.90 234.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 507.30 234.25 Td (requirements. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 222.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 222.25 Td (e ) Tj ET Q q 0 0 0 rg BT 65.58 222.25 Td (may ) Tj ET Q q 0 0 0 rg BT 85.29 222.25 Td (hedge ) Tj ET Q q 0 0 0 rg BT 111.67 222.25 Td (our ) Tj ET Q q 0 0 0 rg BT 127.50 222.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 158.88 222.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 196.35 222.25 Td (exposure ) Tj ET Q q 0 0 0 rg BT 234.95 222.25 Td (if ) Tj ET Q q 0 0 0 rg BT 243.56 222.25 Td (we ) Tj ET Q q 0 0 0 rg BT 257.72 222.25 Td (expect ) Tj ET Q q 0 0 0 rg BT 286.31 222.25 Td (we ) Tj ET Q q 0 0 0 rg BT 300.47 222.25 Td (will ) Tj ET Q q 0 0 0 rg BT 318.53 222.25 Td (need ) Tj ET Q q 0 0 0 rg BT 339.91 222.25 Td (to ) Tj ET Q q 0 0 0 rg BT 350.19 222.25 Td (fund ) Tj ET Q q 0 0 0 rg BT 371.02 222.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 391.30 222.25 Td (dollar ) Tj ET Q q 0 0 0 rg BT 417.12 222.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 464.07 222.25 Td (with ) Tj ET Q q 0 0 0 rg BT 484.35 222.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 515.72 222.25 Td (currency) Tj ET Q q 0 0 0 rg BT 550.05 222.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 201.25 Td (W) Tj ET Q q 0 0 0 rg BT 86.04 201.25 Td (ith ) Tj ET Q q 0 0 0 rg BT 99.22 201.25 Td (regard ) Tj ET Q q 0 0 0 rg BT 127.38 201.25 Td (to ) Tj ET Q q 0 0 0 rg BT 137.79 201.25 Td (our ) Tj ET Q q 0 0 0 rg BT 153.74 201.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 204.14 201.25 Td (in ) Tj ET Q q 0 0 0 rg BT 214.55 201.25 Td (Iridium ) Tj ET Q q 0 0 0 rg BT 247.17 201.25 Td (and ) Tj ET Q q 0 0 0 rg BT 264.23 201.25 Td (the ) Tj ET Q q 0 0 0 rg BT 279.08 201.25 Td (merchant ) Tj ET Q q 0 0 0 rg BT 318.90 201.25 Td (banking ) Tj ET Q q 0 0 0 rg BT 353.75 201.25 Td (funds, ) Tj ET Q q 0 0 0 rg BT 381.09 201.25 Td (we ) Tj ET Q q 0 0 0 rg BT 395.38 201.25 Td (face ) Tj ET Q q 0 0 0 rg BT 414.65 201.25 Td (exposure ) Tj ET Q q 0 0 0 rg BT 453.38 201.25 Td (to ) Tj ET Q q 0 0 0 rg BT 463.78 201.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 498.61 201.25 Td (in ) Tj ET Q q 0 0 0 rg BT 509.02 201.25 Td (the ) Tj ET Q q 0 0 0 rg BT 523.86 201.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 540.36 201.25 Td (value ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 189.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.58 189.25 Td (the ) Tj ET Q q 0 0 0 rg BT 75.04 189.25 Td (companies ) Tj ET Q q 0 0 0 rg BT 120.06 189.25 Td (in ) Tj ET Q q 0 0 0 rg BT 130.08 189.25 Td (which ) Tj ET Q q 0 0 0 rg BT 156.77 189.25 Td (we ) Tj ET Q q 0 0 0 rg BT 170.68 189.25 Td (have ) Tj ET Q q 0 0 0 rg BT 191.80 189.25 Td (directly ) Tj ET Q q 0 0 0 rg BT 224.59 189.25 Td (or ) Tj ET Q q 0 0 0 rg BT 235.17 189.25 Td (indirectly ) Tj ET Q q 0 0 0 rg BT 275.74 189.25 Td (invested, ) Tj ET Q q 0 0 0 rg BT 313.82 189.25 Td (which ) Tj ET Q q 0 0 0 rg BT 340.50 189.25 Td (historically ) Tj ET Q q 0 0 0 rg BT 387.74 189.25 Td (has ) Tj ET Q q 0 0 0 rg BT 403.32 189.25 Td (been ) Tj ET Q q 0 0 0 rg BT 424.45 189.25 Td (volatile. ) Tj ET Q q 0 0 0 rg BT 459.18 189.25 Td (Significant ) Tj ET Q q 0 0 0 rg BT 505.31 189.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 539.77 189.25 Td (in ) Tj ET Q q 0 0 0 rg BT 549.80 189.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 177.25 Td (public ) Tj ET Q q 0 0 0 rg BT 77.58 177.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 105.15 177.25 Td (markets, ) Tj ET Q q 0 0 0 rg BT 141.89 177.25 Td (and ) Tj ET Q q 0 0 0 rg BT 158.91 177.25 Td (particularly ) Tj ET Q q 0 0 0 rg BT 207.58 177.25 Td (the ) Tj ET Q q 0 0 0 rg BT 222.37 177.25 Td (quoted ) Tj ET Q q 0 0 0 rg BT 252.17 177.25 Td (market ) Tj ET Q q 0 0 0 rg BT 282.51 177.25 Td (value ) Tj ET Q q 0 0 0 rg BT 306.75 177.25 Td (of ) Tj ET Q q 0 0 0 rg BT 317.66 177.25 Td (our ) Tj ET Q q 0 0 0 rg BT 333.57 177.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 380.03 177.25 Td (in ) Tj ET Q q 0 0 0 rg BT 390.39 177.25 Td (Iridium, ) Tj ET Q q 0 0 0 rg BT 425.47 177.25 Td (because ) Tj ET Q q 0 0 0 rg BT 459.69 177.25 Td (of ) Tj ET Q q 0 0 0 rg BT 470.61 177.25 Td (the ) Tj ET Q q 0 0 0 rg BT 485.40 177.25 Td (relative ) Tj ET Q q 0 0 0 rg BT 517.96 177.25 Td (size ) Tj ET Q q 0 0 0 rg BT 536.09 177.25 Td (of ) Tj ET Q q 0 0 0 rg BT 547.00 177.25 Td (that ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 165.25 Td (investment, ) Tj ET Q q 0 0 0 rg BT 99.51 165.25 Td (may ) Tj ET Q q 0 0 0 rg BT 119.85 165.25 Td (have ) Tj ET Q q 0 0 0 rg BT 141.85 165.25 Td (a ) Tj ET Q q 0 0 0 rg BT 149.42 165.25 Td (material ) Tj ET Q q 0 0 0 rg BT 185.31 165.25 Td (ef) Tj ET Q q 0 0 0 rg BT 192.89 165.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 211.00 165.25 Td (on ) Tj ET Q q 0 0 0 rg BT 224.13 165.25 Td (our ) Tj ET Q q 0 0 0 rg BT 240.59 165.25 Td (results ) Tj ET Q q 0 0 0 rg BT 269.82 165.25 Td (of ) Tj ET Q q 0 0 0 rg BT 281.28 165.25 Td (operations. ) Tj ET Q q 0 0 0 rg BT 328.33 165.25 Td (V) Tj ET Q q 0 0 0 rg BT 334.27 165.25 Td (olatility ) Tj ET Q q 0 0 0 rg BT 368.50 165.25 Td (in ) Tj ET Q q 0 0 0 rg BT 379.41 165.25 Td (the ) Tj ET Q q 0 0 0 rg BT 394.75 165.25 Td (general ) Tj ET Q q 0 0 0 rg BT 427.30 165.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 455.42 165.25 Td (markets ) Tj ET Q q 0 0 0 rg BT 490.20 165.25 Td (would ) Tj ET Q q 0 0 0 rg BT 518.33 165.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 548.67 165.25 Td (our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 153.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 93.64 153.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 132.84 153.25 Td (because ) Tj ET Q q 0 0 0 rg BT 166.47 153.25 Td (of ) Tj ET Q q 0 0 0 rg BT 176.79 153.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 210.98 153.25 Td (in ) Tj ET Q q 0 0 0 rg BT 220.75 153.25 Td (the ) Tj ET Q q 0 0 0 rg BT 234.95 153.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 250.81 153.25 Td (value ) Tj ET Q q 0 0 0 rg BT 274.45 153.25 Td (of ) Tj ET Q q 0 0 0 rg BT 284.77 153.25 Td (our ) Tj ET Q q 0 0 0 rg BT 300.09 153.25 Td (merchant ) Tj ET Q q 0 0 0 rg BT 339.28 153.25 Td (banking ) Tj ET Q q 0 0 0 rg BT 373.48 153.25 Td (or ) Tj ET Q q 0 0 0 rg BT 383.79 153.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 421.32 153.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 471.08 153.25 Td (that ) Tj ET Q q 0 0 0 rg BT 488.06 153.25 Td (are ) Tj ET Q q 0 0 0 rg BT 502.26 153.25 Td (publicly ) Tj ET Q q 0 0 0 rg BT 537.02 153.25 Td (traded ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 141.25 Td (securities. ) Tj ET Q q 0 0 0 rg BT 93.12 141.25 Td (V) Tj ET Q q 0 0 0 rg BT 99.05 141.25 Td (olatility ) Tj ET Q q 0 0 0 rg BT 133.23 141.25 Td (in ) Tj ET Q q 0 0 0 rg BT 144.08 141.25 Td (the ) Tj ET Q q 0 0 0 rg BT 159.37 141.25 Td (availability ) Tj ET Q q 0 0 0 rg BT 207.43 141.25 Td (of ) Tj ET Q q 0 0 0 rg BT 218.84 141.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 244.67 141.25 Td (would ) Tj ET Q q 0 0 0 rg BT 272.75 141.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 303.03 141.25 Td (our ) Tj ET Q q 0 0 0 rg BT 319.44 141.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 364.17 141.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 404.45 141.25 Td (because ) Tj ET Q q 0 0 0 rg BT 439.17 141.25 Td (of ) Tj ET Q q 0 0 0 rg BT 450.57 141.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 485.85 141.25 Td (in ) Tj ET Q q 0 0 0 rg BT 496.71 141.25 Td (the ) Tj ET Q q 0 0 0 rg BT 512.00 141.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 528.95 141.25 Td (value ) Tj ET Q q 0 0 0 rg BT 553.68 141.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 129.25 Td (merchant ) Tj ET Q q 0 0 0 rg BT 88.96 129.25 Td (banking ) Tj ET Q q 0 0 0 rg BT 122.93 129.25 Td (or ) Tj ET Q q 0 0 0 rg BT 133.02 129.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 170.32 129.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 219.85 129.25 Td (that ) Tj ET Q q 0 0 0 rg BT 236.61 129.25 Td (rely ) Tj ET Q q 0 0 0 rg BT 253.91 129.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 275.67 129.25 Td (a ) Tj ET Q q 0 0 0 rg BT 281.87 129.25 Td (portion ) Tj ET Q q 0 0 0 rg BT 312.51 129.25 Td (of ) Tj ET Q q 0 0 0 rg BT 322.60 129.25 Td (leverage ) Tj ET Q q 0 0 0 rg BT 358.22 129.25 Td (to ) Tj ET Q q 0 0 0 rg BT 367.75 129.25 Td (operate. ) Tj ET Q q 0 0 0 rg BT 401.31 129.25 Td (W) Tj ET Q q 0 0 0 rg BT 409.95 129.25 Td (e ) Tj ET Q q 0 0 0 rg BT 416.14 129.25 Td (have ) Tj ET Q q 0 0 0 rg BT 436.78 129.25 Td (analyzed ) Tj ET Q q 0 0 0 rg BT 474.07 129.25 Td (our ) Tj ET Q q 0 0 0 rg BT 489.16 129.25 Td (potential ) Tj ET Q q 0 0 0 rg BT 525.90 129.25 Td (exposure ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 117.25 Td (to ) Tj ET Q q 0 0 0 rg BT 59.81 117.25 Td (general ) Tj ET Q q 0 0 0 rg BT 91.27 117.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 118.30 117.25 Td (market ) Tj ET Q q 0 0 0 rg BT 148.10 117.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 165.13 117.25 Td (by ) Tj ET Q q 0 0 0 rg BT 177.16 117.25 Td (performing ) Tj ET Q q 0 0 0 rg BT 224.18 117.25 Td (sensitivity ) Tj ET Q q 0 0 0 rg BT 267.33 117.25 Td (analyses ) Tj ET Q q 0 0 0 rg BT 303.24 117.25 Td (on ) Tj ET Q q 0 0 0 rg BT 315.27 117.25 Td (those ) Tj ET Q q 0 0 0 rg BT 338.42 117.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 388.22 117.25 Td (in ) Tj ET Q q 0 0 0 rg BT 398.03 117.25 Td (publicly ) Tj ET Q q 0 0 0 rg BT 432.84 117.25 Td (traded ) Tj ET Q q 0 0 0 rg BT 459.86 117.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 499.66 117.25 Td (held ) Tj ET Q q 0 0 0 rg BT 518.91 117.25 Td (by ) Tj ET Q q 0 0 0 rg BT 530.94 117.25 Td (us. ) Tj ET Q q 0 0 0 rg BT 544.22 117.25 Td (This ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 105.25 Td (analysis ) Tj ET Q q 0 0 0 rg BT 85.14 105.25 Td (showed ) Tj ET Q q 0 0 0 rg BT 118.61 105.25 Td (that ) Tj ET Q q 0 0 0 rg BT 136.52 105.25 Td (if ) Tj ET Q q 0 0 0 rg BT 145.55 105.25 Td (we ) Tj ET Q q 0 0 0 rg BT 160.13 105.25 Td (assume ) Tj ET Q q 0 0 0 rg BT 192.49 105.25 Td (that ) Tj ET Q q 0 0 0 rg BT 210.41 105.25 Td (at ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 220.54 105.25 Td (September30, ) Tj ET Q q 0 0 0 rg BT 281.23 105.25 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.23 105.25 Td (, ) Tj ET Q q 0 0 0 rg BT 306.65 105.25 Td (the ) Tj ET Q q 0 0 0 rg BT 321.78 105.25 Td (market ) Tj ET Q q 0 0 0 rg BT 352.47 105.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 379.26 105.25 Td (of ) Tj ET Q q 0 0 0 rg BT 390.51 105.25 Td (all ) Tj ET Q q 0 0 0 rg BT 403.43 105.25 Td (public ) Tj ET Q q 0 0 0 rg BT 431.34 105.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 472.03 105.25 Td (held ) Tj ET Q q 0 0 0 rg BT 492.16 105.25 Td (by ) Tj ET Q q 0 0 0 rg BT 505.08 105.25 Td (the ) Tj ET Q q 0 0 0 rg BT 520.22 105.25 Td (Firm ) Tj ET Q q 0 0 0 rg BT 542.59 105.25 Td (were ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 93.25 Td (10% ) Tj ET Q q 0 0 0 rg BT 70.83 93.25 Td (lower) Tj ET Q q 0 0 0 rg BT 93.20 93.25 Td (, ) Tj ET Q q 0 0 0 rg BT 98.20 93.25 Td (the ) Tj ET Q q 0 0 0 rg BT 112.92 93.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 142.63 93.25 Td (on ) Tj ET Q q 0 0 0 rg BT 155.13 93.25 Td (our ) Tj ET Q q 0 0 0 rg BT 170.96 93.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 215.11 93.25 Td (would ) Tj ET Q q 0 0 0 rg BT 242.61 93.25 Td (be ) Tj ET Q q 0 0 0 rg BT 254.55 93.25 Td (a ) Tj ET Q q 0 0 0 rg BT 261.49 93.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 298.40 93.25 Td (in ) Tj ET Q q 0 0 0 rg BT 308.68 93.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 346.72 93.25 Td (of ) Tj ET Q q 0 0 0 rg BT 357.55 93.25 Td ($1.1 ) Tj ET Q q 0 0 0 rg BT 377.55 93.25 Td (million.) Tj ET Q endstream endobj 59 0 obj <> endobj 60 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (29) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 742.10 Td (W) Tj ET Q q 0 0 0 rg BT 85.64 742.10 Td (e ) Tj ET Q q 0 0 0 rg BT 92.58 742.10 Td (manage ) Tj ET Q q 0 0 0 rg BT 126.17 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 140.89 742.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 162.28 742.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 205.87 742.10 Td (with ) Tj ET Q q 0 0 0 rg BT 226.15 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 240.87 742.10 Td (merchant ) Tj ET Q q 0 0 0 rg BT 280.57 742.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 315.29 742.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 365.56 742.10 Td (by ) Tj ET Q q 0 0 0 rg BT 378.06 742.10 Td (assessing ) Tj ET Q q 0 0 0 rg BT 417.78 742.10 Td (information ) Tj ET Q q 0 0 0 rg BT 467.49 742.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 505.54 742.10 Td (by ) Tj ET Q q 0 0 0 rg BT 518.04 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 532.76 742.10 Td (funds.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 721.10 Td (In ) Tj ET Q q 0 0 0 rg BT 87.50 721.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 124.94 721.10 Td (the ) Tj ET Q q 0 0 0 rg BT 139.32 721.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 174.81 721.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 210.86 721.10 Td (of ) Tj ET Q q 0 0 0 rg BT 221.36 721.10 Td (our ) Tj ET Q q 0 0 0 rg BT 236.86 721.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 273.46 721.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 311.17 721.10 Td (may ) Tj ET Q q 0 0 0 rg BT 330.55 721.10 Td (be ) Tj ET Q q 0 0 0 rg BT 342.16 721.10 Td (af) Tj ET Q q 0 0 0 rg BT 349.75 721.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 376.34 721.10 Td (by ) Tj ET Q q 0 0 0 rg BT 388.51 721.10 Td (movements ) Tj ET Q q 0 0 0 rg BT 436.78 721.10 Td (in ) Tj ET Q q 0 0 0 rg BT 446.73 721.10 Td (the ) Tj ET Q q 0 0 0 rg BT 461.11 721.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 478.26 721.10 Td (of ) Tj ET Q q 0 0 0 rg BT 488.76 721.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 528.68 721.10 Td (between ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 709.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.53 709.10 Td (Australian ) Tj ET Q q 0 0 0 rg BT 109.15 709.10 Td (dollar) Tj ET Q q 0 0 0 rg BT 132.08 709.10 Td (, ) Tj ET Q q 0 0 0 rg BT 137.54 709.10 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 178.28 709.10 Td (dollar) Tj ET Q q 0 0 0 rg BT 201.20 709.10 Td (, ) Tj ET Q q 0 0 0 rg BT 206.67 709.10 Td (pound ) Tj ET Q q 0 0 0 rg BT 234.64 709.10 Td (sterling, ) Tj ET Q q 0 0 0 rg BT 270.10 709.10 Td (euro, ) Tj ET Q q 0 0 0 rg BT 293.34 709.10 Td (and ) Tj ET Q q 0 0 0 rg BT 310.74 709.10 Td (yen ) Tj ET Q q 0 0 0 rg BT 328.15 709.10 Td (\(in ) Tj ET Q q 0 0 0 rg BT 342.22 709.10 Td (which ) Tj ET Q q 0 0 0 rg BT 369.63 709.10 Td (collectively ) Tj ET Q q 0 0 0 rg BT 419.24 709.10 Td (39% ) Tj ET Q q 0 0 0 rg BT 440.54 709.10 Td (of ) Tj ET Q q 0 0 0 rg BT 451.84 709.10 Td (our ) Tj ET Q q 0 0 0 rg BT 468.14 709.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 506.64 709.10 Td (for ) Tj ET Q q 0 0 0 rg BT 521.27 709.10 Td (the ) Tj ET Q q 0 0 0 rg BT 536.46 709.10 Td (period ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 697.10 Td (ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.36 697.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 138.60 697.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 158.60 697.10 Td ( ) Tj ET Q q 0 0 0 rg BT 162.08 697.10 Td (were ) Tj ET Q q 0 0 0 rg BT 185.00 697.10 Td (denominated\) ) Tj ET Q q 0 0 0 rg BT 243.46 697.10 Td (and ) Tj ET Q q 0 0 0 rg BT 261.38 697.10 Td (the ) Tj ET Q q 0 0 0 rg BT 277.08 697.10 Td (dollar) Tj ET Q q 0 0 0 rg BT 300.00 697.10 Td (, ) Tj ET Q q 0 0 0 rg BT 305.98 697.10 Td (in ) Tj ET Q q 0 0 0 rg BT 317.24 697.10 Td (which ) Tj ET Q q 0 0 0 rg BT 345.16 697.10 Td (our ) Tj ET Q q 0 0 0 rg BT 361.97 697.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 400.43 697.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 446.13 697.10 Td (are ) Tj ET Q q 0 0 0 rg BT 461.82 697.10 Td (denominated. ) Tj ET Q q 0 0 0 rg BT 519.20 697.10 Td (W) Tj ET Q q 0 0 0 rg BT 527.83 697.10 Td (e ) Tj ET Q q 0 0 0 rg BT 535.75 697.10 Td (do ) Tj ET Q q 0 0 0 rg BT 549.24 697.10 Td (not ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 685.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 88.29 685.10 Td (hedge ) Tj ET Q q 0 0 0 rg BT 114.37 685.10 Td (against ) Tj ET Q q 0 0 0 rg BT 144.90 685.10 Td (movements ) Tj ET Q q 0 0 0 rg BT 193.20 685.10 Td (in ) Tj ET Q q 0 0 0 rg BT 203.18 685.10 Td (these ) Tj ET Q q 0 0 0 rg BT 225.92 685.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 265.88 685.10 Td (rates. ) Tj ET Q q 0 0 0 rg BT 289.29 685.10 Td (W) Tj ET Q q 0 0 0 rg BT 297.93 685.10 Td (e ) Tj ET Q q 0 0 0 rg BT 304.57 685.10 Td (analyzed ) Tj ET Q q 0 0 0 rg BT 342.30 685.10 Td (our ) Tj ET Q q 0 0 0 rg BT 357.83 685.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 395.02 685.10 Td (exposure ) Tj ET Q q 0 0 0 rg BT 433.32 685.10 Td (to ) Tj ET Q q 0 0 0 rg BT 443.30 685.10 Td (a ) Tj ET Q q 0 0 0 rg BT 449.94 685.10 Td (decline ) Tj ET Q q 0 0 0 rg BT 481.01 685.10 Td (in ) Tj ET Q q 0 0 0 rg BT 490.99 685.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 530.94 685.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 552.02 685.10 Td (by ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 673.10 Td (performing ) Tj ET Q q 0 0 0 rg BT 96.84 673.10 Td (a ) Tj ET Q q 0 0 0 rg BT 103.14 673.10 Td (sensitivity ) Tj ET Q q 0 0 0 rg BT 146.11 673.10 Td (analysis ) Tj ET Q q 0 0 0 rg BT 180.18 673.10 Td (on ) Tj ET Q q 0 0 0 rg BT 192.04 673.10 Td (our ) Tj ET Q q 0 0 0 rg BT 207.23 673.10 Td (net ) Tj ET Q q 0 0 0 rg BT 221.30 673.10 Td (income ) Tj ET Q q 0 0 0 rg BT 252.59 673.10 Td (in ) Tj ET Q q 0 0 0 rg BT 262.23 673.10 Td (those ) Tj ET Q q 0 0 0 rg BT 285.19 673.10 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 336.49 673.10 Td (in ) Tj ET Q q 0 0 0 rg BT 346.13 673.10 Td (which ) Tj ET Q q 0 0 0 rg BT 372.42 673.10 Td (we ) Tj ET Q q 0 0 0 rg BT 385.94 673.10 Td (generated ) Tj ET Q q 0 0 0 rg BT 426.66 673.10 Td (a ) Tj ET Q q 0 0 0 rg BT 432.95 673.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 477.02 673.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 507.77 673.10 Td (of ) Tj ET Q q 0 0 0 rg BT 517.95 673.10 Td (our ) Tj ET Q q 0 0 0 rg BT 533.14 673.10 Td (foreign ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 661.10 Td (earnings, ) Tj ET Q q 0 0 0 rg BT 89.01 661.10 Td (which ) Tj ET Q q 0 0 0 rg BT 116.08 661.10 Td (included ) Tj ET Q q 0 0 0 rg BT 153.15 661.10 Td (the ) Tj ET Q q 0 0 0 rg BT 168.00 661.10 Td (United ) Tj ET Q q 0 0 0 rg BT 197.85 661.10 Td (Kingdom, ) Tj ET Q q 0 0 0 rg BT 240.77 661.10 Td (Europe ) Tj ET Q q 0 0 0 rg BT 272.28 661.10 Td (and ) Tj ET Q q 0 0 0 rg BT 288.77 661.10 Td (Australia. ) Tj ET Q q 0 0 0 rg BT 330.56 661.10 Td (During ) Tj ET Q q 0 0 0 rg BT 361.52 661.10 Td (the ) Tj ET Q q 0 0 0 rg BT 376.37 661.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 396.23 661.10 Td (month ) Tj ET Q q 0 0 0 rg BT 424.42 661.10 Td (period ) Tj ET Q q 0 0 0 rg BT 452.60 661.10 Td (ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 479.11 661.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 539.51 661.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 559.51 661.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 649.10 Td (as ) Tj ET Q q 0 0 0 rg BT 61.23 649.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 103.55 649.10 Td (to ) Tj ET Q q 0 0 0 rg BT 114.22 649.10 Td (the ) Tj ET Q q 0 0 0 rg BT 129.34 649.10 Td (same ) Tj ET Q q 0 0 0 rg BT 152.78 649.10 Td (period ) Tj ET Q q 0 0 0 rg BT 181.22 649.10 Td (in ) Tj ET Q q 0 0 0 rg BT 191.90 649.10 Td (2012, ) Tj ET Q q 0 0 0 rg BT 217.30 649.10 Td (the ) Tj ET Q q 0 0 0 rg BT 232.41 649.10 Td (value ) Tj ET Q q 0 0 0 rg BT 256.96 649.10 Td (of ) Tj ET Q q 0 0 0 rg BT 268.19 649.10 Td (the ) Tj ET Q q 0 0 0 rg BT 283.30 649.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 303.98 649.10 Td (dollar ) Tj ET Q q 0 0 0 rg BT 330.21 649.10 Td (strengthened ) Tj ET Q q 0 0 0 rg BT 384.20 649.10 Td (relative ) Tj ET Q q 0 0 0 rg BT 417.07 649.10 Td (to ) Tj ET Q q 0 0 0 rg BT 427.75 649.10 Td (the ) Tj ET Q q 0 0 0 rg BT 442.86 649.10 Td (pound ) Tj ET Q q 0 0 0 rg BT 470.76 649.10 Td (sterling ) Tj ET Q q 0 0 0 rg BT 503.65 649.10 Td (and ) Tj ET Q q 0 0 0 rg BT 520.35 649.10 Td (Australian ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 637.10 Td (dollar ) Tj ET Q q 0 0 0 rg BT 75.62 637.10 Td (and ) Tj ET Q q 0 0 0 rg BT 92.36 637.10 Td (weakened ) Tj ET Q q 0 0 0 rg BT 134.63 637.10 Td (relative ) Tj ET Q q 0 0 0 rg BT 166.91 637.10 Td (to ) Tj ET Q q 0 0 0 rg BT 176.98 637.10 Td (the ) Tj ET Q q 0 0 0 rg BT 191.49 637.10 Td (euro. ) Tj ET Q q 0 0 0 rg BT 214.06 637.10 Td (In ) Tj ET Q q 0 0 0 rg BT 224.68 637.10 Td (aggregate, ) Tj ET Q q 0 0 0 rg BT 268.34 637.10 Td (there ) Tj ET Q q 0 0 0 rg BT 290.63 637.10 Td (was ) Tj ET Q q 0 0 0 rg BT 308.47 637.10 Td (not ) Tj ET Q q 0 0 0 rg BT 323.55 637.10 Td (a ) Tj ET Q q 0 0 0 rg BT 330.28 637.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 374.79 637.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 404.30 637.10 Td (on ) Tj ET Q q 0 0 0 rg BT 416.60 637.10 Td (our ) Tj ET Q q 0 0 0 rg BT 432.22 637.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 470.06 637.10 Td (in ) Tj ET Q q 0 0 0 rg BT 480.13 637.10 Td (the ) Tj ET Q q 0 0 0 rg BT 494.64 637.10 Td (first ) Tj ET Q q 0 0 0 rg BT 513.05 637.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 532.56 637.10 Td (months ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 625.10 Td (of ) Tj ET Q q 0 0 0 rg BT 61.61 625.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 84.89 625.10 Td (as ) Tj ET Q q 0 0 0 rg BT 96.50 625.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 139.20 625.10 Td (to ) Tj ET Q q 0 0 0 rg BT 150.26 625.10 Td (the ) Tj ET Q q 0 0 0 rg BT 165.75 625.10 Td (same ) Tj ET Q q 0 0 0 rg BT 189.58 625.10 Td (period ) Tj ET Q q 0 0 0 rg BT 218.40 625.10 Td (in ) Tj ET Q q 0 0 0 rg BT 229.46 625.10 Td (2012 ) Tj ET Q q 0 0 0 rg BT 252.74 625.10 Td (as ) Tj ET Q q 0 0 0 rg BT 264.35 625.10 Td (a ) Tj ET Q q 0 0 0 rg BT 272.07 625.10 Td (result ) Tj ET Q q 0 0 0 rg BT 297.56 625.10 Td (of ) Tj ET Q q 0 0 0 rg BT 309.17 625.10 Td (movements ) Tj ET Q q 0 0 0 rg BT 358.55 625.10 Td (in ) Tj ET Q q 0 0 0 rg BT 369.61 625.10 Td (the ) Tj ET Q q 0 0 0 rg BT 385.10 625.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 417.26 625.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 455.52 625.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 496.55 625.10 Td (rates. ) Tj ET Q q 0 0 0 rg BT 520.97 625.10 Td (While ) Tj ET Q q 0 0 0 rg BT 548.68 625.10 Td (our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 613.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 86.38 613.10 Td (are ) Tj ET Q q 0 0 0 rg BT 101.08 613.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 131.91 613.10 Td (to ) Tj ET Q q 0 0 0 rg BT 142.19 613.10 Td (volatility ) Tj ET Q q 0 0 0 rg BT 180.80 613.10 Td (from ) Tj ET Q q 0 0 0 rg BT 202.73 613.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 234.11 613.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 271.59 613.10 Td (changes, ) Tj ET Q q 0 0 0 rg BT 308.79 613.10 Td (we ) Tj ET Q q 0 0 0 rg BT 322.95 613.10 Td (do ) Tj ET Q q 0 0 0 rg BT 335.45 613.10 Td (not ) Tj ET Q q 0 0 0 rg BT 350.73 613.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 382.10 613.10 Td (we ) Tj ET Q q 0 0 0 rg BT 396.26 613.10 Td (face ) Tj ET Q q 0 0 0 rg BT 415.41 613.10 Td (any ) Tj ET Q q 0 0 0 rg BT 432.35 613.10 Td (material ) Tj ET Q q 0 0 0 rg BT 467.61 613.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 485.11 613.10 Td (in ) Tj ET Q q 0 0 0 rg BT 495.39 613.10 Td (this ) Tj ET Q q 0 0 0 rg BT 512.33 613.10 Td (respect. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 590.10 Td (Critical ) Tj ET Q q 0 0 0 rg BT 84.71 590.10 Td (Accounting Policies and Estimates ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 569.10 Td (W) Tj ET Q q 0 0 0 rg BT 81.14 569.10 Td (e ) Tj ET Q q 0 0 0 rg BT 88.54 569.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 120.37 569.10 Td (that ) Tj ET Q q 0 0 0 rg BT 138.33 569.10 Td (the ) Tj ET Q q 0 0 0 rg BT 153.51 569.10 Td (following ) Tj ET Q q 0 0 0 rg BT 195.36 569.10 Td (discussion ) Tj ET Q q 0 0 0 rg BT 239.99 569.10 Td (addresses ) Tj ET Q q 0 0 0 rg BT 281.28 569.10 Td (Greenhill) Tj ET Q q 0 0 0 rg BT 321.82 569.10 Td (s ) Tj ET Q q 0 0 0 rg BT 328.67 569.10 Td (most ) Tj ET Q q 0 0 0 rg BT 351.08 569.10 Td (critical ) Tj ET Q q 0 0 0 rg BT 381.81 569.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 428.64 569.10 Td (policies, ) Tj ET Q q 0 0 0 rg BT 465.21 569.10 Td (which ) Tj ET Q q 0 0 0 rg BT 492.61 569.10 Td (are ) Tj ET Q q 0 0 0 rg BT 507.78 569.10 Td (those ) Tj ET Q q 0 0 0 rg BT 531.85 569.10 Td (that ) Tj ET Q q 0 0 0 rg BT 549.81 569.10 Td (are ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 557.10 Td (most ) Tj ET Q q 0 0 0 rg BT 72.12 557.10 Td (important ) Tj ET Q q 0 0 0 rg BT 113.67 557.10 Td (to ) Tj ET Q q 0 0 0 rg BT 124.11 557.10 Td (the ) Tj ET Q q 0 0 0 rg BT 139.00 557.10 Td (presentation ) Tj ET Q q 0 0 0 rg BT 190.54 557.10 Td (of ) Tj ET Q q 0 0 0 rg BT 201.54 557.10 Td (our ) Tj ET Q q 0 0 0 rg BT 217.54 557.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 255.19 557.10 Td (condition ) Tj ET Q q 0 0 0 rg BT 295.63 557.10 Td (and ) Tj ET Q q 0 0 0 rg BT 312.73 557.10 Td (results ) Tj ET Q q 0 0 0 rg BT 341.51 557.10 Td (of ) Tj ET Q q 0 0 0 rg BT 352.51 557.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 396.83 557.10 Td (and ) Tj ET Q q 0 0 0 rg BT 413.94 557.10 Td (require ) Tj ET Q q 0 0 0 rg BT 444.92 557.10 Td (management) Tj ET Q q 0 0 0 rg BT 498.79 557.10 Td (s ) Tj ET Q q 0 0 0 rg BT 505.35 557.10 Td (most ) Tj ET Q q 0 0 0 rg BT 527.47 557.10 Td (dif) Tj ET Q q 0 0 0 rg BT 538.40 557.10 Td (ficult, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 545.10 Td (subjective ) Tj ET Q q 0 0 0 rg BT 93.04 545.10 Td (and ) Tj ET Q q 0 0 0 rg BT 109.98 545.10 Td (complex ) Tj ET Q q 0 0 0 rg BT 146.91 545.10 Td (judgments.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 50.00 519.10 Td (Basis ) Tj ET Q q 0 0 0 rg BT 74.73 519.10 Td (of ) Tj ET Q q 0 0 0 rg BT 85.56 519.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 128.63 519.10 Td (Information) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 498.10 Td (These ) Tj ET Q q 0 0 0 rg BT 97.96 498.10 Td (condensed ) Tj ET Q q 0 0 0 rg BT 141.75 498.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 193.87 498.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 230.43 498.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 274.23 498.10 Td (are ) Tj ET Q q 0 0 0 rg BT 288.02 498.10 Td (prepared ) Tj ET Q q 0 0 0 rg BT 324.58 498.10 Td (in ) Tj ET Q q 0 0 0 rg BT 333.94 498.10 Td (conformity ) Tj ET Q q 0 0 0 rg BT 379.95 498.10 Td (with ) Tj ET Q q 0 0 0 rg BT 399.31 498.10 Td (GAAP) Tj ET Q q 0 0 0 rg BT 426.17 498.10 Td ( ) Tj ET Q q 0 0 0 rg BT 427.75 498.10 Td (in ) Tj ET Q q 0 0 0 rg BT 437.11 498.10 Td (the ) Tj ET Q q 0 0 0 rg BT 450.91 498.10 Td (United ) Tj ET Q q 0 0 0 rg BT 479.71 498.10 Td (States, ) Tj ET Q q 0 0 0 rg BT 507.68 498.10 Td (which ) Tj ET Q q 0 0 0 rg BT 533.70 498.10 Td (require ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 486.10 Td (management ) Tj ET Q q 0 0 0 rg BT 102.70 486.10 Td (to ) Tj ET Q q 0 0 0 rg BT 112.08 486.10 Td (make ) Tj ET Q q 0 0 0 rg BT 135.35 486.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 174.17 486.10 Td (and ) Tj ET Q q 0 0 0 rg BT 190.22 486.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 241.27 486.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 281.20 486.10 Td (future ) Tj ET Q q 0 0 0 rg BT 306.68 486.10 Td (events ) Tj ET Q q 0 0 0 rg BT 333.84 486.10 Td (that ) Tj ET Q q 0 0 0 rg BT 350.44 486.10 Td (af) Tj ET Q q 0 0 0 rg BT 358.03 486.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 374.63 486.10 Td (the ) Tj ET Q q 0 0 0 rg BT 388.45 486.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 423.95 486.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 458.87 486.10 Td (in ) Tj ET Q q 0 0 0 rg BT 468.26 486.10 Td (our ) Tj ET Q q 0 0 0 rg BT 483.20 486.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 519.79 486.10 Td (statements ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 474.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 474.10 Td (footnotes, ) Tj ET Q q 0 0 0 rg BT 108.15 474.10 Td (including ) Tj ET Q q 0 0 0 rg BT 147.93 474.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 193.81 474.10 Td (valuations, ) Tj ET Q q 0 0 0 rg BT 239.41 474.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 296.95 474.10 Td (accruals ) Tj ET Q q 0 0 0 rg BT 331.71 474.10 Td (and ) Tj ET Q q 0 0 0 rg BT 348.14 474.10 Td (other ) Tj ET Q q 0 0 0 rg BT 370.69 474.10 Td (matters. ) Tj ET Q q 0 0 0 rg BT 404.62 474.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 458.83 474.10 Td (believes ) Tj ET Q q 0 0 0 rg BT 493.59 474.10 Td (that ) Tj ET Q q 0 0 0 rg BT 510.58 474.10 Td (the ) Tj ET Q q 0 0 0 rg BT 524.80 474.10 Td (estimates ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 462.10 Td (used ) Tj ET Q q 0 0 0 rg BT 70.12 462.10 Td (in ) Tj ET Q q 0 0 0 rg BT 79.68 462.10 Td (preparing ) Tj ET Q q 0 0 0 rg BT 119.79 462.10 Td (its ) Tj ET Q q 0 0 0 rg BT 131.02 462.10 Td (condensed ) Tj ET Q q 0 0 0 rg BT 175.01 462.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 227.34 462.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 264.11 462.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 308.11 462.10 Td (are ) Tj ET Q q 0 0 0 rg BT 322.10 462.10 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 366.65 462.10 Td (and ) Tj ET Q q 0 0 0 rg BT 382.87 462.10 Td (prudent. ) Tj ET Q q 0 0 0 rg BT 417.31 462.10 Td (Actual ) Tj ET Q q 0 0 0 rg BT 445.75 462.10 Td (results ) Tj ET Q q 0 0 0 rg BT 473.65 462.10 Td (could ) Tj ET Q q 0 0 0 rg BT 497.65 462.10 Td (dif) Tj ET Q q 0 0 0 rg BT 508.58 462.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 521.47 462.10 Td (materially ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 450.10 Td (from ) Tj ET Q q 0 0 0 rg BT 71.69 450.10 Td (those ) Tj ET Q q 0 0 0 rg BT 95.05 450.10 Td (estimates. ) Tj ET Q q 0 0 0 rg BT 137.01 450.10 Td ( ) Tj ET Q q 0 0 0 rg BT 139.26 450.10 Td (Certain ) Tj ET Q q 0 0 0 rg BT 170.95 450.10 Td (reclassifications ) Tj ET Q q 0 0 0 rg BT 237.62 450.10 Td (have ) Tj ET Q q 0 0 0 rg BT 258.75 450.10 Td (been ) Tj ET Q q 0 0 0 rg BT 279.87 450.10 Td (made ) Tj ET Q q 0 0 0 rg BT 303.78 450.10 Td (to ) Tj ET Q q 0 0 0 rg BT 313.81 450.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 335.50 450.10 Td (year ) Tj ET Q q 0 0 0 rg BT 354.96 450.10 Td (information ) Tj ET Q q 0 0 0 rg BT 404.42 450.10 Td (to ) Tj ET Q q 0 0 0 rg BT 414.45 450.10 Td (conform ) Tj ET Q q 0 0 0 rg BT 450.58 450.10 Td (to ) Tj ET Q q 0 0 0 rg BT 460.61 450.10 Td (current ) Tj ET Q q 0 0 0 rg BT 491.17 450.10 Td (year ) Tj ET Q q 0 0 0 rg BT 510.63 450.10 Td (presentation.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 429.10 Td (The ) Tj ET Q q 0 0 0 rg BT 91.10 429.10 Td (condensed ) Tj ET Q q 0 0 0 rg BT 136.36 429.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 189.95 429.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 227.98 429.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 273.25 429.10 Td (include ) Tj ET Q q 0 0 0 rg BT 305.73 429.10 Td (all ) Tj ET Q q 0 0 0 rg BT 318.78 429.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 372.37 429.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 410.41 429.10 Td (of ) Tj ET Q q 0 0 0 rg BT 421.79 429.10 Td (Greenhill& ) Tj ET Q q 0 0 0 rg BT 472.89 429.10 Td (Co., ) Tj ET Q q 0 0 0 rg BT 492.61 429.10 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 510.93 429.10 Td (and ) Tj ET Q q 0 0 0 rg BT 528.42 429.10 Td (all ) Tj ET Q q 0 0 0 rg BT 541.46 429.10 Td (other ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 417.10 Td (entities ) Tj ET Q q 0 0 0 rg BT 81.72 417.10 Td (in ) Tj ET Q q 0 0 0 rg BT 92.33 417.10 Td (which ) Tj ET Q q 0 0 0 rg BT 119.61 417.10 Td (we ) Tj ET Q q 0 0 0 rg BT 134.10 417.10 Td (have ) Tj ET Q q 0 0 0 rg BT 155.82 417.10 Td (a ) Tj ET Q q 0 0 0 rg BT 163.09 417.10 Td (controlling ) Tj ET Q q 0 0 0 rg BT 209.81 417.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 242.08 417.10 Td (after ) Tj ET Q q 0 0 0 rg BT 263.23 417.10 Td (eliminations ) Tj ET Q q 0 0 0 rg BT 315.50 417.10 Td (of ) Tj ET Q q 0 0 0 rg BT 326.67 417.10 Td (all ) Tj ET Q q 0 0 0 rg BT 339.50 417.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 384.55 417.10 Td (inter) Tj ET Q q 0 0 0 rg BT 402.67 417.10 Td (-company ) Tj ET Q q 0 0 0 rg BT 445.49 417.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 483.32 417.10 Td (and ) Tj ET Q q 0 0 0 rg BT 500.59 417.10 Td (transactions. ) Tj ET Q q 0 0 0 rg BT 553.69 417.10 Td (In ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 405.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 98.35 405.10 Td (with ) Tj ET Q q 0 0 0 rg BT 119.51 405.10 Td (the ) Tj ET Q q 0 0 0 rg BT 135.11 405.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 182.37 405.10 Td (pronouncements ) Tj ET Q q 0 0 0 rg BT 251.85 405.10 Td (on ) Tj ET Q q 0 0 0 rg BT 265.24 405.10 Td (the ) Tj ET Q q 0 0 0 rg BT 280.84 405.10 Td (consolidation ) Tj ET Q q 0 0 0 rg BT 338.11 405.10 Td (of ) Tj ET Q q 0 0 0 rg BT 349.83 405.10 Td (variable ) Tj ET Q q 0 0 0 rg BT 385.42 405.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 418.23 405.10 Td (entities, ) Tj ET Q q 0 0 0 rg BT 453.00 405.10 Td (we ) Tj ET Q q 0 0 0 rg BT 468.05 405.10 Td (consolidate ) Tj ET Q q 0 0 0 rg BT 516.98 405.10 Td (the ) Tj ET Q q 0 0 0 rg BT 532.58 405.10 Td (general ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 393.10 Td (partners ) Tj ET Q q 0 0 0 rg BT 84.53 393.10 Td (of ) Tj ET Q q 0 0 0 rg BT 95.18 393.10 Td (the ) Tj ET Q q 0 0 0 rg BT 109.72 393.10 Td (merchant ) Tj ET Q q 0 0 0 rg BT 149.24 393.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 183.78 393.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 208.33 393.10 Td (in ) Tj ET Q q 0 0 0 rg BT 218.43 393.10 Td (which ) Tj ET Q q 0 0 0 rg BT 245.19 393.10 Td (it ) Tj ET Q q 0 0 0 rg BT 253.06 393.10 Td (has ) Tj ET Q q 0 0 0 rg BT 268.72 393.10 Td (a ) Tj ET Q q 0 0 0 rg BT 275.48 393.10 Td (majority ) Tj ET Q q 0 0 0 rg BT 311.68 393.10 Td (of ) Tj ET Q q 0 0 0 rg BT 322.33 393.10 Td (the ) Tj ET Q q 0 0 0 rg BT 336.87 393.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 378.06 393.10 Td (interest. ) Tj ET Q q 0 0 0 rg BT 412.15 393.10 Td (The ) Tj ET Q q 0 0 0 rg BT 430.02 393.10 Td (general ) Tj ET Q q 0 0 0 rg BT 461.77 393.10 Td (partners ) Tj ET Q q 0 0 0 rg BT 496.29 393.10 Td (account ) Tj ET Q q 0 0 0 rg BT 529.71 393.10 Td (for ) Tj ET Q q 0 0 0 rg BT 543.69 393.10 Td (their ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 381.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 101.05 381.10 Td (in ) Tj ET Q q 0 0 0 rg BT 112.11 381.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.60 381.10 Td (merchant ) Tj ET Q q 0 0 0 rg BT 168.08 381.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 203.58 381.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 229.08 381.10 Td (under ) Tj ET Q q 0 0 0 rg BT 255.12 381.10 Td (the ) Tj ET Q q 0 0 0 rg BT 270.62 381.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 298.89 381.10 Td (method ) Tj ET Q q 0 0 0 rg BT 332.16 381.10 Td (of ) Tj ET Q q 0 0 0 rg BT 343.77 381.10 Td (accounting. ) Tj ET Q q 0 0 0 rg BT 392.70 381.10 Td (As ) Tj ET Q q 0 0 0 rg BT 407.09 381.10 Td (such, ) Tj ET Q q 0 0 0 rg BT 431.20 381.10 Td (the ) Tj ET Q q 0 0 0 rg BT 446.69 381.10 Td (general ) Tj ET Q q 0 0 0 rg BT 479.39 381.10 Td (partners ) Tj ET Q q 0 0 0 rg BT 514.88 381.10 Td (record ) Tj ET Q q 0 0 0 rg BT 543.69 381.10 Td (their ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 369.10 Td (proportionate ) Tj ET Q q 0 0 0 rg BT 107.86 369.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 136.84 369.10 Td (of ) Tj ET Q q 0 0 0 rg BT 149.16 369.10 Td (income ) Tj ET Q q 0 0 0 rg BT 182.58 369.10 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 208.80 369.10 Td (from ) Tj ET Q q 0 0 0 rg BT 232.22 369.10 Td (the ) Tj ET Q q 0 0 0 rg BT 248.43 369.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 295.75 369.10 Td (merchant ) Tj ET Q q 0 0 0 rg BT 336.94 369.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 373.14 369.10 Td (funds. ) Tj ET Q q 0 0 0 rg BT 400.98 369.10 Td (As ) Tj ET Q q 0 0 0 rg BT 416.08 369.10 Td (the ) Tj ET Q q 0 0 0 rg BT 432.28 369.10 Td (merchant ) Tj ET Q q 0 0 0 rg BT 473.48 369.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 509.68 369.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 535.89 369.10 Td (follow ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 357.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 96.18 357.10 Td (company ) Tj ET Q q 0 0 0 rg BT 135.13 357.10 Td (accounting, ) Tj ET Q q 0 0 0 rg BT 183.80 357.10 Td (and ) Tj ET Q q 0 0 0 rg BT 200.54 357.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 240.04 357.10 Td (record ) Tj ET Q q 0 0 0 rg BT 267.87 357.10 Td (all ) Tj ET Q q 0 0 0 rg BT 280.16 357.10 Td (their ) Tj ET Q q 0 0 0 rg BT 300.79 357.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 326.41 357.10 Td (and ) Tj ET Q q 0 0 0 rg BT 343.15 357.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 382.66 357.10 Td (at ) Tj ET Q q 0 0 0 rg BT 392.18 357.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 408.35 357.10 Td (value, ) Tj ET Q q 0 0 0 rg BT 434.80 357.10 Td (the ) Tj ET Q q 0 0 0 rg BT 449.32 357.10 Td (general ) Tj ET Q q 0 0 0 rg BT 481.04 357.10 Td (partners) Tj ET Q q 0 0 0 rg BT 515.83 357.10 Td ( ) Tj ET Q q 0 0 0 rg BT 518.13 357.10 Td (investment ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 345.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.77 345.10 Td (merchant ) Tj ET Q q 0 0 0 rg BT 100.96 345.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 136.16 345.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 161.37 345.10 Td (represents ) Tj ET Q q 0 0 0 rg BT 204.90 345.10 Td (an ) Tj ET Q q 0 0 0 rg BT 217.32 345.10 Td (estimation ) Tj ET Q q 0 0 0 rg BT 261.97 345.10 Td (of ) Tj ET Q q 0 0 0 rg BT 273.29 345.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 290.16 345.10 Td (value. ) Tj ET Q q 0 0 0 rg BT 317.08 345.10 Td (W) Tj ET Q q 0 0 0 rg BT 325.72 345.10 Td (e ) Tj ET Q q 0 0 0 rg BT 333.15 345.10 Td (do ) Tj ET Q q 0 0 0 rg BT 346.14 345.10 Td (not ) Tj ET Q q 0 0 0 rg BT 361.90 345.10 Td (consolidate ) Tj ET Q q 0 0 0 rg BT 410.43 345.10 Td (the ) Tj ET Q q 0 0 0 rg BT 425.64 345.10 Td (merchant ) Tj ET Q q 0 0 0 rg BT 465.83 345.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 501.03 345.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 526.24 345.10 Td (since ) Tj ET Q q 0 0 0 rg BT 549.78 345.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 333.10 Td (Firm ) Tj ET Q q 0 0 0 rg BT 71.71 333.10 Td (through ) Tj ET Q q 0 0 0 rg BT 105.07 333.10 Td (its ) Tj ET Q q 0 0 0 rg BT 116.78 333.10 Td (general ) Tj ET Q q 0 0 0 rg BT 148.46 333.10 Td (partner ) Tj ET Q q 0 0 0 rg BT 179.04 333.10 Td (and ) Tj ET Q q 0 0 0 rg BT 195.73 333.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 226.32 333.10 Td (partner ) Tj ET Q q 0 0 0 rg BT 256.89 333.10 Td (interests, ) Tj ET Q q 0 0 0 rg BT 294.98 333.10 Td (does ) Tj ET Q q 0 0 0 rg BT 315.57 333.10 Td (not ) Tj ET Q q 0 0 0 rg BT 330.60 333.10 Td (have ) Tj ET Q q 0 0 0 rg BT 351.74 333.10 Td (a ) Tj ET Q q 0 0 0 rg BT 358.44 333.10 Td (majority ) Tj ET Q q 0 0 0 rg BT 394.58 333.10 Td (of ) Tj ET Q q 0 0 0 rg BT 405.16 333.10 Td (the ) Tj ET Q q 0 0 0 rg BT 419.64 333.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 460.77 333.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 492.46 333.10 Td (in ) Tj ET Q q 0 0 0 rg BT 502.50 333.10 Td (such ) Tj ET Q q 0 0 0 rg BT 523.09 333.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 547.57 333.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 321.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.05 321.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 94.22 321.10 Td (partners ) Tj ET Q q 0 0 0 rg BT 128.26 321.10 Td (have ) Tj ET Q q 0 0 0 rg BT 148.97 321.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 178.01 321.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 202.62 321.10 Td (to ) Tj ET Q q 0 0 0 rg BT 212.23 321.10 Td (remove ) Tj ET Q q 0 0 0 rg BT 244.05 321.10 Td (the ) Tj ET Q q 0 0 0 rg BT 258.11 321.10 Td (general ) Tj ET Q q 0 0 0 rg BT 289.37 321.10 Td (partner ) Tj ET Q q 0 0 0 rg BT 319.52 321.10 Td (by ) Tj ET Q q 0 0 0 rg BT 331.35 321.10 Td (a ) Tj ET Q q 0 0 0 rg BT 337.62 321.10 Td (simple ) Tj ET Q q 0 0 0 rg BT 366.12 321.10 Td (majority ) Tj ET Q q 0 0 0 rg BT 401.84 321.10 Td (vote ) Tj ET Q q 0 0 0 rg BT 420.89 321.10 Td (of ) Tj ET Q q 0 0 0 rg BT 431.06 321.10 Td (unaf) Tj ET Q q 0 0 0 rg BT 448.65 321.10 Td (filiated ) Tj ET Q q 0 0 0 rg BT 478.80 321.10 Td (third-party ) Tj ET Q q 0 0 0 rg BT 523.40 321.10 Td (investors.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 300.10 Td (W) Tj ET Q q 0 0 0 rg BT 81.14 300.10 Td (e ) Tj ET Q q 0 0 0 rg BT 89.05 300.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 121.40 300.10 Td (that ) Tj ET Q q 0 0 0 rg BT 139.87 300.10 Td (the ) Tj ET Q q 0 0 0 rg BT 155.56 300.10 Td (following ) Tj ET Q q 0 0 0 rg BT 197.92 300.10 Td (discussion ) Tj ET Q q 0 0 0 rg BT 243.06 300.10 Td (addresses ) Tj ET Q q 0 0 0 rg BT 284.86 300.10 Td (our ) Tj ET Q q 0 0 0 rg BT 301.66 300.10 Td (most ) Tj ET Q q 0 0 0 rg BT 324.58 300.10 Td (critical ) Tj ET Q q 0 0 0 rg BT 355.82 300.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 403.16 300.10 Td (policies, ) Tj ET Q q 0 0 0 rg BT 440.24 300.10 Td (which ) Tj ET Q q 0 0 0 rg BT 468.15 300.10 Td (are ) Tj ET Q q 0 0 0 rg BT 483.83 300.10 Td (those ) Tj ET Q q 0 0 0 rg BT 508.42 300.10 Td (that ) Tj ET Q q 0 0 0 rg BT 526.88 300.10 Td (are ) Tj ET Q q 0 0 0 rg BT 542.57 300.10 Td (most ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 288.10 Td (important ) Tj ET Q q 0 0 0 rg BT 90.37 288.10 Td (to ) Tj ET Q q 0 0 0 rg BT 99.63 288.10 Td (the ) Tj ET Q q 0 0 0 rg BT 113.33 288.10 Td (presentation ) Tj ET Q q 0 0 0 rg BT 163.69 288.10 Td (of ) Tj ET Q q 0 0 0 rg BT 173.51 288.10 Td (our ) Tj ET Q q 0 0 0 rg BT 188.32 288.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 224.79 288.10 Td (condition ) Tj ET Q q 0 0 0 rg BT 264.05 288.10 Td (and ) Tj ET Q q 0 0 0 rg BT 279.97 288.10 Td (results ) Tj ET Q q 0 0 0 rg BT 307.57 288.10 Td (of ) Tj ET Q q 0 0 0 rg BT 317.38 288.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 360.53 288.10 Td (and ) Tj ET Q q 0 0 0 rg BT 376.45 288.10 Td (require ) Tj ET Q q 0 0 0 rg BT 406.25 288.10 Td (management's ) Tj ET Q q 0 0 0 rg BT 464.52 288.10 Td (most ) Tj ET Q q 0 0 0 rg BT 485.45 288.10 Td (dif) Tj ET Q q 0 0 0 rg BT 496.38 288.10 Td (ficult, ) Tj ET Q q 0 0 0 rg BT 521.47 288.10 Td (subjective ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 276.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.80 276.10 Td (complex ) Tj ET Q q 0 0 0 rg BT 105.59 276.10 Td (judgments. ) Tj ET Q q 0 0 0 rg BT 153.11 276.10 Td (For ) Tj ET Q q 0 0 0 rg BT 170.36 276.10 Td (further ) Tj ET Q q 0 0 0 rg BT 200.93 276.10 Td (discussion ) Tj ET Q q 0 0 0 rg BT 245.96 276.10 Td (of ) Tj ET Q q 0 0 0 rg BT 257.64 276.10 Td (these ) Tj ET Q q 0 0 0 rg BT 281.55 276.10 Td (and ) Tj ET Q q 0 0 0 rg BT 299.35 276.10 Td (other ) Tj ET Q q 0 0 0 rg BT 323.25 276.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 368.82 276.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 416.05 276.10 Td (policies, ) Tj ET Q q 0 0 0 rg BT 453.01 276.10 Td (see ) Tj ET Q q 0 0 0 rg BT 469.14 276.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 496.38 276.10 Td (2 ) Tj ET Q q 0 0 0 rg BT 504.74 276.10 Td (- ) Tj ET Q q 0 0 0 rg BT 511.42 276.10 Td (Summary ) Tj ET Q q 0 0 0 rg BT 553.67 276.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 264.10 Td (Significant ) Tj ET Q q 0 0 0 rg BT 96.00 264.10 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 145.38 264.10 Td (Policies ) Tj ET Q q 0 0 0 rg BT 184.21 264.10 Td (in ) Tj ET Q q 0 0 0 rg BT 194.72 264.10 Td (our ) Tj ET Q q 0 0 0 rg BT 210.77 264.10 Td (condensed ) Tj ET Q q 0 0 0 rg BT 255.70 264.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 308.97 264.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 346.67 264.10 Td (statements, ) Tj ET Q q 0 0 0 rg BT 394.11 264.10 Td (and ) Tj ET Q q 0 0 0 rg BT 411.27 264.10 Td (our ) Tj ET Q q 0 0 0 rg BT 427.33 264.10 Td (2012 ) Tj ET Q q 0 0 0 rg BT 449.45 264.10 Td (Annual ) Tj ET Q q 0 0 0 rg BT 481.61 264.10 Td (Report ) Tj ET Q q 0 0 0 rg BT 511.56 264.10 Td (on ) Tj ET Q q 0 0 0 rg BT 524.28 264.10 Td (Form ) Tj ET Q q 0 0 0 rg BT 548.67 264.10 Td (10-) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 252.10 Td (K.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (Revenue Recognition) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.50 209.10 Td (Advisory Revenues) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 185.10 Td (The ) Tj ET Q q 0 0 0 rg BT 94.67 185.10 Td (Firm's ) Tj ET Q q 0 0 0 rg BT 121.93 185.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 167.93 185.10 Td (policy ) Tj ET Q q 0 0 0 rg BT 195.05 185.10 Td (is ) Tj ET Q q 0 0 0 rg BT 203.84 185.10 Td (to ) Tj ET Q q 0 0 0 rg BT 213.74 185.10 Td (recognize ) Tj ET Q q 0 0 0 rg BT 254.73 185.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 288.50 185.10 Td (when ) Tj ET Q q 0 0 0 rg BT 312.28 185.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 323.84 185.10 Td (there ) Tj ET Q q 0 0 0 rg BT 345.95 185.10 Td (is ) Tj ET Q q 0 0 0 rg BT 354.74 185.10 Td (persuasive ) Tj ET Q q 0 0 0 rg BT 399.07 185.10 Td (evidence ) Tj ET Q q 0 0 0 rg BT 436.73 185.10 Td (of ) Tj ET Q q 0 0 0 rg BT 447.18 185.10 Td (an ) Tj ET Q q 0 0 0 rg BT 458.74 185.10 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 510.84 185.10 Td (with ) Tj ET Q q 0 0 0 rg BT 530.74 185.10 Td (a ) Tj ET Q q 0 0 0 rg BT 537.30 185.10 Td (client, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 173.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 64.38 173.10 Td (the ) Tj ET Q q 0 0 0 rg BT 78.76 173.10 Td (agreed-upon ) Tj ET Q q 0 0 0 rg BT 130.91 173.10 Td (services ) Tj ET Q q 0 0 0 rg BT 165.28 173.10 Td (have ) Tj ET Q q 0 0 0 rg BT 186.32 173.10 Td (been ) Tj ET Q q 0 0 0 rg BT 207.36 173.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 251.18 173.10 Td (and ) Tj ET Q q 0 0 0 rg BT 267.78 173.10 Td (delivered ) Tj ET Q q 0 0 0 rg BT 307.15 173.10 Td (to ) Tj ET Q q 0 0 0 rg BT 317.09 173.10 Td (the ) Tj ET Q q 0 0 0 rg BT 331.48 173.10 Td (client ) Tj ET Q q 0 0 0 rg BT 355.85 173.10 Td (or ) Tj ET Q q 0 0 0 rg BT 366.35 173.10 Td (the ) Tj ET Q q 0 0 0 rg BT 380.73 173.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 426.77 173.10 Td (or ) Tj ET Q q 0 0 0 rg BT 437.27 173.10 Td (events ) Tj ET Q q 0 0 0 rg BT 464.98 173.10 Td (noted ) Tj ET Q q 0 0 0 rg BT 489.36 173.10 Td (in ) Tj ET Q q 0 0 0 rg BT 499.30 173.10 Td (the ) Tj ET Q q 0 0 0 rg BT 513.69 173.10 Td (engagement ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 161.10 Td (letter ) Tj ET Q q 0 0 0 rg BT 72.96 161.10 Td (are ) Tj ET Q q 0 0 0 rg BT 87.59 161.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 135.00 161.10 Td (to ) Tj ET Q q 0 0 0 rg BT 145.20 161.10 Td (be ) Tj ET Q q 0 0 0 rg BT 157.06 161.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 210.03 161.10 Td (complete, ) Tj ET Q q 0 0 0 rg BT 251.60 161.10 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 269.02 161.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 287.54 161.10 Td (are ) Tj ET Q q 0 0 0 rg BT 302.17 161.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 325.14 161.10 Td (and ) Tj ET Q q 0 0 0 rg BT 342.00 161.10 Td (determinable, ) Tj ET Q q 0 0 0 rg BT 399.12 161.10 Td (and ) Tj ET Q q 0 0 0 rg BT 415.98 161.10 Td (\(iv\) ) Tj ET Q q 0 0 0 rg BT 432.84 161.10 Td (collection ) Tj ET Q q 0 0 0 rg BT 474.69 161.10 Td (is ) Tj ET Q q 0 0 0 rg BT 483.78 161.10 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 529.52 161.10 Td (assured.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 137.10 Td (The ) Tj ET Q q 0 0 0 rg BT 93.94 137.10 Td (Firm ) Tj ET Q q 0 0 0 rg BT 114.78 137.10 Td (recognizes ) Tj ET Q q 0 0 0 rg BT 158.93 137.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 194.76 137.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 208.36 137.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 245.30 137.10 Td (for ) Tj ET Q q 0 0 0 rg BT 258.35 137.10 Td (mer) Tj ET Q q 0 0 0 rg BT 273.72 137.10 Td (gers ) Tj ET Q q 0 0 0 rg BT 291.77 137.10 Td (and ) Tj ET Q q 0 0 0 rg BT 307.60 137.10 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 356.77 137.10 Td (or ) Tj ET Q q 0 0 0 rg BT 366.49 137.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 405.65 137.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 441.48 137.10 Td (and ) Tj ET Q q 0 0 0 rg BT 457.32 137.10 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 509.81 137.10 Td (engagements ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 125.10 Td (when ) Tj ET Q q 0 0 0 rg BT 74.03 125.10 Td (the ) Tj ET Q q 0 0 0 rg BT 88.61 125.10 Td (services ) Tj ET Q q 0 0 0 rg BT 123.19 125.10 Td (related ) Tj ET Q q 0 0 0 rg BT 152.76 125.10 Td (to ) Tj ET Q q 0 0 0 rg BT 162.91 125.10 Td (the ) Tj ET Q q 0 0 0 rg BT 177.49 125.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 223.18 125.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 273.32 125.10 Td (are ) Tj ET Q q 0 0 0 rg BT 287.89 125.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 331.91 125.10 Td (in ) Tj ET Q q 0 0 0 rg BT 342.06 125.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 389.38 125.10 Td (with ) Tj ET Q q 0 0 0 rg BT 409.53 125.10 Td (the ) Tj ET Q q 0 0 0 rg BT 424.12 125.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 448.70 125.10 Td (of ) Tj ET Q q 0 0 0 rg BT 459.40 125.10 Td (the ) Tj ET Q q 0 0 0 rg BT 473.98 125.10 Td (engagement ) Tj ET Q q 0 0 0 rg BT 524.66 125.10 Td (letter ) Tj ET Q q 0 0 0 rg BT 547.57 125.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 113.10 Td (all ) Tj ET Q q 0 0 0 rg BT 62.50 113.10 Td (other ) Tj ET Q q 0 0 0 rg BT 85.54 113.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 140.24 113.10 Td (for ) Tj ET Q q 0 0 0 rg BT 154.40 113.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 188.55 113.10 Td (recognition ) Tj ET Q q 0 0 0 rg BT 236.59 113.10 Td (are ) Tj ET Q q 0 0 0 rg BT 251.30 113.10 Td (satisfied.) Tj ET Q endstream endobj 61 0 obj <> endobj 62 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (30) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 742.10 Td (The ) Tj ET Q q 0 0 0 rg BT 95.16 742.10 Td (Firm ) Tj ET Q q 0 0 0 rg BT 117.22 742.10 Td (recognizes ) Tj ET Q q 0 0 0 rg BT 162.59 742.10 Td (private ) Tj ET Q q 0 0 0 rg BT 192.97 742.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 220.58 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 237.63 742.10 Td (real ) Tj ET Q q 0 0 0 rg BT 255.23 742.10 Td (estate ) Tj ET Q q 0 0 0 rg BT 280.61 742.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 309.88 742.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 346.93 742.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 365.65 742.10 Td (at ) Tj ET Q q 0 0 0 rg BT 375.48 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 390.31 742.10 Td (time ) Tj ET Q q 0 0 0 rg BT 410.70 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 421.64 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 436.47 742.10 Td (client's ) Tj ET Q q 0 0 0 rg BT 466.99 742.10 Td (acceptance ) Tj ET Q q 0 0 0 rg BT 513.46 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 524.40 742.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 553.67 742.10 Td (or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 78.88 730.10 Td (commitments ) Tj ET Q q 0 0 0 rg BT 135.54 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 145.55 730.10 Td (a ) Tj ET Q q 0 0 0 rg BT 152.21 730.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 172.77 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 182.77 730.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 229.96 730.10 Td (with ) Tj ET Q q 0 0 0 rg BT 249.97 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 264.41 730.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 288.85 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 299.41 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 313.85 730.10 Td (engagement ) Tj ET Q q 0 0 0 rg BT 364.39 730.10 Td (letter) Tj ET Q q 0 0 0 rg BT 384.38 730.10 Td (. ) Tj ET Q q 0 0 0 rg BT 389.11 730.10 Td ( ) Tj ET Q q 0 0 0 rg BT 391.33 730.10 Td (Generally) Tj ET Q q 0 0 0 rg BT 430.11 730.10 Td (, ) Tj ET Q q 0 0 0 rg BT 434.83 730.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 449.27 730.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 483.14 730.10 Td (is ) Tj ET Q q 0 0 0 rg BT 492.04 730.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 539.24 730.10 Td (based ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 72.86 718.10 Td (a ) Tj ET Q q 0 0 0 rg BT 80.16 718.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 103.56 718.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 149.72 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 160.91 718.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 190.42 718.10 Td (committed ) Tj ET Q q 0 0 0 rg BT 236.05 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 246.68 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 261.76 718.10 Td (fund. ) Tj ET Q q 0 0 0 rg BT 285.45 718.10 Td ( ) Tj ET Q q 0 0 0 rg BT 288.31 718.10 Td (For ) Tj ET Q q 0 0 0 rg BT 305.06 718.10 Td (multiple ) Tj ET Q q 0 0 0 rg BT 341.25 718.10 Td (closings, ) Tj ET Q q 0 0 0 rg BT 379.38 718.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 413.89 718.10 Td (is ) Tj ET Q q 0 0 0 rg BT 423.42 718.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 470.14 718.10 Td (at ) Tj ET Q q 0 0 0 rg BT 480.21 718.10 Td (each ) Tj ET Q q 0 0 0 rg BT 501.39 718.10 Td (interim ) Tj ET Q q 0 0 0 rg BT 533.13 718.10 Td (closing ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (based ) Tj ET Q q 0 0 0 rg BT 75.19 706.10 Td (on ) Tj ET Q q 0 0 0 rg BT 87.62 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 102.26 706.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 134.67 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 145.43 706.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 174.50 706.10 Td (committed ) Tj ET Q q 0 0 0 rg BT 219.69 706.10 Td (at ) Tj ET Q q 0 0 0 rg BT 229.33 706.10 Td (each ) Tj ET Q q 0 0 0 rg BT 250.07 706.10 Td (closing ) Tj ET Q q 0 0 0 rg BT 281.38 706.10 Td (at ) Tj ET Q q 0 0 0 rg BT 291.02 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 305.66 706.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 328.63 706.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 343.26 706.10 Td (percentage. ) Tj ET Q q 0 0 0 rg BT 391.49 706.10 Td ( ) Tj ET Q q 0 0 0 rg BT 393.38 706.10 Td (At ) Tj ET Q q 0 0 0 rg BT 405.80 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 420.44 706.10 Td (final ) Tj ET Q q 0 0 0 rg BT 441.19 706.10 Td (closing, ) Tj ET Q q 0 0 0 rg BT 475.00 706.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 509.07 706.10 Td (is ) Tj ET Q q 0 0 0 rg BT 518.16 706.10 Td (recognized ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (at ) Tj ET Q q 0 0 0 rg BT 59.72 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 74.43 694.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 97.48 694.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 143.28 694.10 Td (for ) Tj ET Q q 0 0 0 rg BT 157.44 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 172.16 694.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 204.65 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 215.48 694.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 244.63 694.10 Td (committed ) Tj ET Q q 0 0 0 rg BT 289.90 694.10 Td (since ) Tj ET Q q 0 0 0 rg BT 312.95 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 327.67 694.10 Td (last ) Tj ET Q q 0 0 0 rg BT 344.05 694.10 Td (interim ) Tj ET Q q 0 0 0 rg BT 375.43 694.10 Td (closing.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 670.10 Td (While ) Tj ET Q q 0 0 0 rg BT 104.54 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 119.87 670.10 Td (majority ) Tj ET Q q 0 0 0 rg BT 156.86 670.10 Td (of ) Tj ET Q q 0 0 0 rg BT 168.30 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 183.63 670.10 Td (Firm's ) Tj ET Q q 0 0 0 rg BT 211.88 670.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 227.19 670.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 261.95 670.10 Td (is ) Tj ET Q q 0 0 0 rg BT 271.73 670.10 Td (earned ) Tj ET Q q 0 0 0 rg BT 301.48 670.10 Td (at ) Tj ET Q q 0 0 0 rg BT 311.81 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 327.13 670.10 Td (conclusion ) Tj ET Q q 0 0 0 rg BT 373.57 670.10 Td (of ) Tj ET Q q 0 0 0 rg BT 385.01 670.10 Td (a ) Tj ET Q q 0 0 0 rg BT 392.56 670.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 439.54 670.10 Td (or ) Tj ET Q q 0 0 0 rg BT 450.98 670.10 Td (closing ) Tj ET Q q 0 0 0 rg BT 482.97 670.10 Td (of ) Tj ET Q q 0 0 0 rg BT 494.41 670.10 Td (a ) Tj ET Q q 0 0 0 rg BT 501.96 670.10 Td (fund, ) Tj ET Q q 0 0 0 rg BT 525.90 670.10 Td (on-going ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (retainer ) Tj ET Q q 0 0 0 rg BT 83.53 658.10 Td (fees, ) Tj ET Q q 0 0 0 rg BT 105.13 658.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 158.68 658.10 Td (all ) Tj ET Q q 0 0 0 rg BT 171.68 658.10 Td (of ) Tj ET Q q 0 0 0 rg BT 183.01 658.10 Td (which ) Tj ET Q q 0 0 0 rg BT 210.45 658.10 Td (relate ) Tj ET Q q 0 0 0 rg BT 235.65 658.10 Td (to ) Tj ET Q q 0 0 0 rg BT 246.43 658.10 Td (non-success ) Tj ET Q q 0 0 0 rg BT 297.75 658.10 Td (based ) Tj ET Q q 0 0 0 rg BT 323.52 658.10 Td (strategic ) Tj ET Q q 0 0 0 rg BT 360.39 658.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 397.83 658.10 Td (and ) Tj ET Q q 0 0 0 rg BT 415.27 658.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 456.04 658.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 493.47 658.10 Td (and ) Tj ET Q q 0 0 0 rg BT 510.91 658.10 Td (restructuring ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (assignments, ) Tj ET Q q 0 0 0 rg BT 103.89 646.10 Td (are ) Tj ET Q q 0 0 0 rg BT 118.59 646.10 Td (also ) Tj ET Q q 0 0 0 rg BT 137.20 646.10 Td (earned ) Tj ET Q q 0 0 0 rg BT 166.35 646.10 Td (and ) Tj ET Q q 0 0 0 rg BT 183.29 646.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 229.65 646.10 Td (as ) Tj ET Q q 0 0 0 rg BT 240.48 646.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 277.42 646.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 292.12 646.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 326.27 646.10 Td (over ) Tj ET Q q 0 0 0 rg BT 346.54 646.10 Td (the ) Tj ET Q q 0 0 0 rg BT 361.25 646.10 Td (period ) Tj ET Q q 0 0 0 rg BT 389.30 646.10 Td (in ) Tj ET Q q 0 0 0 rg BT 399.58 646.10 Td (which ) Tj ET Q q 0 0 0 rg BT 426.52 646.10 Td (the ) Tj ET Q q 0 0 0 rg BT 441.24 646.10 Td (related ) Tj ET Q q 0 0 0 rg BT 470.94 646.10 Td (service ) Tj ET Q q 0 0 0 rg BT 501.75 646.10 Td (is ) Tj ET Q q 0 0 0 rg BT 510.92 646.10 Td (rendered.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 622.10 Td (The ) Tj ET Q q 0 0 0 rg BT 94.79 622.10 Td (Firm's ) Tj ET Q q 0 0 0 rg BT 122.17 622.10 Td (clients ) Tj ET Q q 0 0 0 rg BT 150.52 622.10 Td (reimburse ) Tj ET Q q 0 0 0 rg BT 192.74 622.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 222.19 622.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 260.53 622.10 Td (we ) Tj ET Q q 0 0 0 rg BT 274.43 622.10 Td (incur ) Tj ET Q q 0 0 0 rg BT 297.21 622.10 Td (in ) Tj ET Q q 0 0 0 rg BT 307.23 622.10 Td (the ) Tj ET Q q 0 0 0 rg BT 321.69 622.10 Td (conduct ) Tj ET Q q 0 0 0 rg BT 355.59 622.10 Td (of ) Tj ET Q q 0 0 0 rg BT 366.16 622.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 402.84 622.10 Td (engagements. ) Tj ET Q q 0 0 0 rg BT 459.78 622.10 Td (Expenses ) Tj ET Q q 0 0 0 rg BT 499.79 622.10 Td (are ) Tj ET Q q 0 0 0 rg BT 514.24 622.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 549.80 622.10 Td (net ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.83 610.10 Td (such ) Tj ET Q q 0 0 0 rg BT 81.66 610.10 Td (client ) Tj ET Q q 0 0 0 rg BT 106.37 610.10 Td (reimbursements. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 77.00 584.10 Td (Investment Revenues) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 560.10 Td (Investment ) Tj ET Q q 0 0 0 rg BT 124.11 560.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 162.32 560.10 Td (consist ) Tj ET Q q 0 0 0 rg BT 192.77 560.10 Td (of ) Tj ET Q q 0 0 0 rg BT 203.77 560.10 Td (\(i\)gains ) Tj ET Q q 0 0 0 rg BT 239.49 560.10 Td (\(or ) Tj ET Q q 0 0 0 rg BT 253.82 560.10 Td (losses\) ) Tj ET Q q 0 0 0 rg BT 283.71 560.10 Td (on ) Tj ET Q q 0 0 0 rg BT 296.39 560.10 Td (the ) Tj ET Q q 0 0 0 rg BT 311.28 560.10 Td (Firm's ) Tj ET Q q 0 0 0 rg BT 339.09 560.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 389.54 560.10 Td (in ) Tj ET Q q 0 0 0 rg BT 399.99 560.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 429.86 560.10 Td (merchant ) Tj ET Q q 0 0 0 rg BT 469.74 560.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 504.62 560.10 Td (funds, ) Tj ET Q q 0 0 0 rg BT 532.02 560.10 Td (Iridium ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 548.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.94 548.10 Td (other ) Tj ET Q q 0 0 0 rg BT 89.99 548.10 Td (investments, ) Tj ET Q q 0 0 0 rg BT 142.76 548.10 Td (\(ii\)profit ) Tj ET Q q 0 0 0 rg BT 182.19 548.10 Td (overrides ) Tj ET Q q 0 0 0 rg BT 221.90 548.10 Td (from ) Tj ET Q q 0 0 0 rg BT 243.84 548.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 273.54 548.10 Td (merchant ) Tj ET Q q 0 0 0 rg BT 313.24 548.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 347.96 548.10 Td (funds, ) Tj ET Q q 0 0 0 rg BT 375.18 548.10 Td (if ) Tj ET Q q 0 0 0 rg BT 383.79 548.10 Td (any) Tj ET Q q 0 0 0 rg BT 397.58 548.10 Td (, ) Tj ET Q q 0 0 0 rg BT 402.58 548.10 Td (and ) Tj ET Q q 0 0 0 rg BT 419.52 548.10 Td (\(iii\)interest ) Tj ET Q q 0 0 0 rg BT 468.95 548.10 Td (income. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 527.10 Td (W) Tj ET Q q 0 0 0 rg BT 82.64 527.10 Td (e ) Tj ET Q q 0 0 0 rg BT 89.00 527.10 Td (recognize ) Tj ET Q q 0 0 0 rg BT 129.78 527.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 163.35 527.10 Td (on ) Tj ET Q q 0 0 0 rg BT 175.27 527.10 Td (our ) Tj ET Q q 0 0 0 rg BT 190.52 527.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 240.21 527.10 Td (in ) Tj ET Q q 0 0 0 rg BT 249.91 527.10 Td (merchant ) Tj ET Q q 0 0 0 rg BT 289.03 527.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 323.17 527.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 347.31 527.10 Td (based ) Tj ET Q q 0 0 0 rg BT 372.00 527.10 Td (on ) Tj ET Q q 0 0 0 rg BT 383.92 527.10 Td (our ) Tj ET Q q 0 0 0 rg BT 399.17 527.10 Td (allocable ) Tj ET Q q 0 0 0 rg BT 437.18 527.10 Td (share ) Tj ET Q q 0 0 0 rg BT 460.20 527.10 Td (of ) Tj ET Q q 0 0 0 rg BT 470.45 527.10 Td (realized ) Tj ET Q q 0 0 0 rg BT 504.01 527.10 Td (and ) Tj ET Q q 0 0 0 rg BT 520.37 527.10 Td (unrealized ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 515.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 73.89 515.10 Td (\(or ) Tj ET Q q 0 0 0 rg BT 88.33 515.10 Td (losses\) ) Tj ET Q q 0 0 0 rg BT 118.34 515.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 154.43 515.10 Td (by ) Tj ET Q q 0 0 0 rg BT 167.22 515.10 Td (such ) Tj ET Q q 0 0 0 rg BT 188.33 515.10 Td (funds. ) Tj ET Q q 0 0 0 rg BT 215.63 515.10 Td (W) Tj ET Q q 0 0 0 rg BT 224.27 515.10 Td (e ) Tj ET Q q 0 0 0 rg BT 231.49 515.10 Td (recognize ) Tj ET Q q 0 0 0 rg BT 273.13 515.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 307.56 515.10 Td (on ) Tj ET Q q 0 0 0 rg BT 320.34 515.10 Td (its ) Tj ET Q q 0 0 0 rg BT 332.58 515.10 Td (other ) Tj ET Q q 0 0 0 rg BT 355.90 515.10 Td (investments, ) Tj ET Q q 0 0 0 rg BT 408.96 515.10 Td (including ) Tj ET Q q 0 0 0 rg BT 449.52 515.10 Td (Iridium, ) Tj ET Q q 0 0 0 rg BT 484.79 515.10 Td (which ) Tj ET Q q 0 0 0 rg BT 512.01 515.10 Td (consider ) Tj ET Q q 0 0 0 rg BT 548.67 515.10 Td (our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 503.10 Td (influence ) Tj ET Q q 0 0 0 rg BT 89.58 503.10 Td (or ) Tj ET Q q 0 0 0 rg BT 100.29 503.10 Td (control ) Tj ET Q q 0 0 0 rg BT 130.99 503.10 Td (of ) Tj ET Q q 0 0 0 rg BT 141.70 503.10 Td (the ) Tj ET Q q 0 0 0 rg BT 156.29 503.10 Td (investee, ) Tj ET Q q 0 0 0 rg BT 193.93 503.10 Td (based ) Tj ET Q q 0 0 0 rg BT 219.08 503.10 Td (on ) Tj ET Q q 0 0 0 rg BT 231.45 503.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 254.94 503.10 Td (and ) Tj ET Q q 0 0 0 rg BT 271.75 503.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 298.02 503.10 Td (on ) Tj ET Q q 0 0 0 rg BT 310.40 503.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 356.66 503.10 Td (positions ) Tj ET Q q 0 0 0 rg BT 395.15 503.10 Td (held, ) Tj ET Q q 0 0 0 rg BT 417.25 503.10 Td (which ) Tj ET Q q 0 0 0 rg BT 444.06 503.10 Td (arise ) Tj ET Q q 0 0 0 rg BT 465.32 503.10 Td (from ) Tj ET Q q 0 0 0 rg BT 487.13 503.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 508.95 503.10 Td (or ) Tj ET Q q 0 0 0 rg BT 519.65 503.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 554.24 503.10 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 491.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.56 491.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 80.79 491.10 Td (value ) Tj ET Q q 0 0 0 rg BT 104.79 491.10 Td (of ) Tj ET Q q 0 0 0 rg BT 115.47 491.10 Td (investments. ) Tj ET Q q 0 0 0 rg BT 167.92 491.10 Td (The ) Tj ET Q q 0 0 0 rg BT 185.82 491.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 218.16 491.10 Td (of ) Tj ET Q q 0 0 0 rg BT 228.84 491.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 252.29 491.10 Td (or ) Tj ET Q q 0 0 0 rg BT 262.97 491.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 289.21 491.10 Td (are ) Tj ET Q q 0 0 0 rg BT 303.76 491.10 Td (not ) Tj ET Q q 0 0 0 rg BT 318.89 491.10 Td (predictable ) Tj ET Q q 0 0 0 rg BT 365.66 491.10 Td (and ) Tj ET Q q 0 0 0 rg BT 382.44 491.10 Td (can ) Tj ET Q q 0 0 0 rg BT 398.67 491.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 423.22 491.10 Td (periodic ) Tj ET Q q 0 0 0 rg BT 458.33 491.10 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 507.89 491.10 Td (in ) Tj ET Q q 0 0 0 rg BT 518.02 491.10 Td (net ) Tj ET Q q 0 0 0 rg BT 532.58 491.10 Td (income ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 479.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.94 479.10 Td (therefore ) Tj ET Q q 0 0 0 rg BT 105.52 479.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 136.35 479.10 Td (us ) Tj ET Q q 0 0 0 rg BT 147.74 479.10 Td (to ) Tj ET Q q 0 0 0 rg BT 158.02 479.10 Td (market ) Tj ET Q q 0 0 0 rg BT 188.28 479.10 Td (and ) Tj ET Q q 0 0 0 rg BT 205.22 479.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 230.48 479.10 Td (risk. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 458.10 Td (If ) Tj ET Q q 0 0 0 rg BT 85.50 458.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 114.54 458.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 151.36 458.10 Td (returns ) Tj ET Q q 0 0 0 rg BT 180.97 458.10 Td (are ) Tj ET Q q 0 0 0 rg BT 195.02 458.10 Td (achieved ) Tj ET Q q 0 0 0 rg BT 232.39 458.10 Td (over ) Tj ET Q q 0 0 0 rg BT 252.00 458.10 Td (the ) Tj ET Q q 0 0 0 rg BT 266.05 458.10 Td (life ) Tj ET Q q 0 0 0 rg BT 281.22 458.10 Td (of ) Tj ET Q q 0 0 0 rg BT 291.39 458.10 Td (a ) Tj ET Q q 0 0 0 rg BT 297.67 458.10 Td (merchant ) Tj ET Q q 0 0 0 rg BT 336.71 458.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 370.77 458.10 Td (fund, ) Tj ET Q q 0 0 0 rg BT 393.44 458.10 Td (we ) Tj ET Q q 0 0 0 rg BT 406.94 458.10 Td (may ) Tj ET Q q 0 0 0 rg BT 425.99 458.10 Td (recognize ) Tj ET Q q 0 0 0 rg BT 466.70 458.10 Td (merchant ) Tj ET Q q 0 0 0 rg BT 505.74 458.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 539.79 458.10 Td (profit ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 446.10 Td (overrides ) Tj ET Q q 0 0 0 rg BT 90.15 446.10 Td (at ) Tj ET Q q 0 0 0 rg BT 100.31 446.10 Td (the ) Tj ET Q q 0 0 0 rg BT 115.46 446.10 Td (time ) Tj ET Q q 0 0 0 rg BT 136.18 446.10 Td (that ) Tj ET Q q 0 0 0 rg BT 154.11 446.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 184.26 446.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 222.18 446.10 Td (returns ) Tj ET Q q 0 0 0 rg BT 252.89 446.10 Td (are ) Tj ET Q q 0 0 0 rg BT 268.04 446.10 Td (achieved. ) Tj ET Q q 0 0 0 rg BT 309.01 446.10 Td (Profit ) Tj ET Q q 0 0 0 rg BT 334.73 446.10 Td (overrides ) Tj ET Q q 0 0 0 rg BT 374.88 446.10 Td (are ) Tj ET Q q 0 0 0 rg BT 390.02 446.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 430.17 446.10 Td (calculated ) Tj ET Q q 0 0 0 rg BT 473.64 446.10 Td (as ) Tj ET Q q 0 0 0 rg BT 484.91 446.10 Td (a ) Tj ET Q q 0 0 0 rg BT 492.29 446.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 538.53 446.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.80 446.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 434.10 Td (profits ) Tj ET Q q 0 0 0 rg BT 78.09 434.10 Td (over ) Tj ET Q q 0 0 0 rg BT 97.84 434.10 Td (a ) Tj ET Q q 0 0 0 rg BT 104.26 434.10 Td (specified ) Tj ET Q q 0 0 0 rg BT 142.33 434.10 Td (threshold ) Tj ET Q q 0 0 0 rg BT 181.53 434.10 Td (earned ) Tj ET Q q 0 0 0 rg BT 210.15 434.10 Td (by ) Tj ET Q q 0 0 0 rg BT 222.13 434.10 Td (each ) Tj ET Q q 0 0 0 rg BT 242.43 434.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 262.74 434.10 Td (on ) Tj ET Q q 0 0 0 rg BT 274.72 434.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 324.47 434.10 Td (managed ) Tj ET Q q 0 0 0 rg BT 362.54 434.10 Td (on ) Tj ET Q q 0 0 0 rg BT 374.52 434.10 Td (behalf ) Tj ET Q q 0 0 0 rg BT 401.49 434.10 Td (of ) Tj ET Q q 0 0 0 rg BT 411.80 434.10 Td (unaf) Tj ET Q q 0 0 0 rg BT 429.39 434.10 Td (filiated ) Tj ET Q q 0 0 0 rg BT 459.69 434.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 497.78 434.10 Td (except ) Tj ET Q q 0 0 0 rg BT 525.85 434.10 Td (the ) Tj ET Q q 0 0 0 rg BT 540.05 434.10 Td (Firm. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 422.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 422.10 Td (e ) Tj ET Q q 0 0 0 rg BT 65.72 422.10 Td (may ) Tj ET Q q 0 0 0 rg BT 85.58 422.10 Td (be ) Tj ET Q q 0 0 0 rg BT 97.66 422.10 Td (required ) Tj ET Q q 0 0 0 rg BT 133.62 422.10 Td (to ) Tj ET Q q 0 0 0 rg BT 144.04 422.10 Td (repay ) Tj ET Q q 0 0 0 rg BT 168.89 422.10 Td (a ) Tj ET Q q 0 0 0 rg BT 175.97 422.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 207.50 422.10 Td (of ) Tj ET Q q 0 0 0 rg BT 218.48 422.10 Td (the ) Tj ET Q q 0 0 0 rg BT 233.33 422.10 Td (overrides ) Tj ET Q q 0 0 0 rg BT 273.19 422.10 Td (it ) Tj ET Q q 0 0 0 rg BT 281.38 422.10 Td (realized ) Tj ET Q q 0 0 0 rg BT 315.67 422.10 Td (in ) Tj ET Q q 0 0 0 rg BT 326.09 422.10 Td (the ) Tj ET Q q 0 0 0 rg BT 340.95 422.10 Td (event ) Tj ET Q q 0 0 0 rg BT 365.25 422.10 Td (a ) Tj ET Q q 0 0 0 rg BT 372.33 422.10 Td (minimum ) Tj ET Q q 0 0 0 rg BT 413.86 422.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 467.03 422.10 Td (level ) Tj ET Q q 0 0 0 rg BT 489.11 422.10 Td (is ) Tj ET Q q 0 0 0 rg BT 498.42 422.10 Td (not ) Tj ET Q q 0 0 0 rg BT 513.84 422.10 Td (achieved ) Tj ET Q q 0 0 0 rg BT 552.02 422.10 Td (by ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 410.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.72 410.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 85.55 410.10 Td (as ) Tj ET Q q 0 0 0 rg BT 96.38 410.10 Td (a ) Tj ET Q q 0 0 0 rg BT 103.32 410.10 Td (whole ) Tj ET Q q 0 0 0 rg BT 130.25 410.10 Td (\(we ) Tj ET Q q 0 0 0 rg BT 147.74 410.10 Td (refer ) Tj ET Q q 0 0 0 rg BT 169.11 410.10 Td (to ) Tj ET Q q 0 0 0 rg BT 179.39 410.10 Td (these ) Tj ET Q q 0 0 0 rg BT 202.44 410.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 239.93 410.10 Td (repayments ) Tj ET Q q 0 0 0 rg BT 288.52 410.10 Td (as ) Tj ET Q q 0 0 0 rg BT 299.35 410.10 Td (clawbacks\). ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 50.00 389.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 73.62 389.10 Td (and ) Tj ET Q q 0 0 0 rg BT 91.68 389.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 115.31 389.10 Td (Equivalents) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 368.10 Td (W) Tj ET Q q 0 0 0 rg BT 85.64 368.10 Td (e ) Tj ET Q q 0 0 0 rg BT 91.44 368.10 Td (consider ) Tj ET Q q 0 0 0 rg BT 126.69 368.10 Td (all ) Tj ET Q q 0 0 0 rg BT 138.05 368.10 Td (highly ) Tj ET Q q 0 0 0 rg BT 164.97 368.10 Td (liquid ) Tj ET Q q 0 0 0 rg BT 189.67 368.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 238.81 368.10 Td (with ) Tj ET Q q 0 0 0 rg BT 257.96 368.10 Td (a ) Tj ET Q q 0 0 0 rg BT 263.76 368.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 299.01 368.10 Td (date ) Tj ET Q q 0 0 0 rg BT 317.03 368.10 Td (of ) Tj ET Q q 0 0 0 rg BT 326.73 368.10 Td (three ) Tj ET Q q 0 0 0 rg BT 348.08 368.10 Td (months ) Tj ET Q q 0 0 0 rg BT 378.89 368.10 Td (or ) Tj ET Q q 0 0 0 rg BT 388.59 368.10 Td (less, ) Tj ET Q q 0 0 0 rg BT 407.45 368.10 Td (when ) Tj ET Q q 0 0 0 rg BT 430.48 368.10 Td (purchased, ) Tj ET Q q 0 0 0 rg BT 474.88 368.10 Td (to ) Tj ET Q q 0 0 0 rg BT 484.03 368.10 Td (be ) Tj ET Q q 0 0 0 rg BT 494.83 368.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 513.97 368.10 Td (equivalents. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 356.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 72.50 356.10 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 120.54 356.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 160.25 356.10 Td (consist ) Tj ET Q q 0 0 0 rg BT 190.53 356.10 Td (of ) Tj ET Q q 0 0 0 rg BT 201.36 356.10 Td (money ) Tj ET Q q 0 0 0 rg BT 231.08 356.10 Td (market ) Tj ET Q q 0 0 0 rg BT 261.34 356.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 286.06 356.10 Td (and ) Tj ET Q q 0 0 0 rg BT 303.00 356.10 Td (overnight ) Tj ET Q q 0 0 0 rg BT 343.83 356.10 Td (deposits.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 50.00 335.10 Td (Advisory ) Tj ET Q q 0 0 0 rg BT 88.61 335.10 Td (Fees ) Tj ET Q q 0 0 0 rg BT 110.55 335.10 Td (Receivables) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 318.10 Td (Receivables ) Tj ET Q q 0 0 0 rg BT 127.94 318.10 Td (are ) Tj ET Q q 0 0 0 rg BT 142.78 318.10 Td (stated ) Tj ET Q q 0 0 0 rg BT 168.73 318.10 Td (net ) Tj ET Q q 0 0 0 rg BT 183.58 318.10 Td (of ) Tj ET Q q 0 0 0 rg BT 194.54 318.10 Td (an ) Tj ET Q q 0 0 0 rg BT 206.60 318.10 Td (allowance ) Tj ET Q q 0 0 0 rg BT 249.77 318.10 Td (for ) Tj ET Q q 0 0 0 rg BT 264.06 318.10 Td (doubtful ) Tj ET Q q 0 0 0 rg BT 300.57 318.10 Td (accounts. ) Tj ET Q q 0 0 0 rg BT 340.50 318.10 Td (The ) Tj ET Q q 0 0 0 rg BT 358.67 318.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 394.62 318.10 Td (for ) Tj ET Q q 0 0 0 rg BT 408.91 318.10 Td (the ) Tj ET Q q 0 0 0 rg BT 423.76 318.10 Td (allowance ) Tj ET Q q 0 0 0 rg BT 466.92 318.10 Td (for ) Tj ET Q q 0 0 0 rg BT 481.21 318.10 Td (doubtful ) Tj ET Q q 0 0 0 rg BT 517.73 318.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 555.34 318.10 Td (is ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 306.10 Td (derived ) Tj ET Q q 0 0 0 rg BT 82.49 306.10 Td (by ) Tj ET Q q 0 0 0 rg BT 94.99 306.10 Td (the ) Tj ET Q q 0 0 0 rg BT 109.70 306.10 Td (Firm ) Tj ET Q q 0 0 0 rg BT 131.65 306.10 Td (by ) Tj ET Q q 0 0 0 rg BT 144.15 306.10 Td (utilizing ) Tj ET Q q 0 0 0 rg BT 179.98 306.10 Td (past ) Tj ET Q q 0 0 0 rg BT 198.59 306.10 Td (client ) Tj ET Q q 0 0 0 rg BT 223.30 306.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 269.67 306.10 Td (history ) Tj ET Q q 0 0 0 rg BT 299.95 306.10 Td (and ) Tj ET Q q 0 0 0 rg BT 316.89 306.10 Td (an ) Tj ET Q q 0 0 0 rg BT 328.83 306.10 Td (assessment ) Tj ET Q q 0 0 0 rg BT 375.77 306.10 Td (of ) Tj ET Q q 0 0 0 rg BT 386.60 306.10 Td (the ) Tj ET Q q 0 0 0 rg BT 401.31 306.10 Td (client) Tj ET Q q 0 0 0 rg BT 426.30 306.10 Td (s ) Tj ET Q q 0 0 0 rg BT 432.70 306.10 Td (creditworthiness. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 285.10 Td (Included ) Tj ET Q q 0 0 0 rg BT 114.65 285.10 Td (in ) Tj ET Q q 0 0 0 rg BT 125.10 285.10 Td (the ) Tj ET Q q 0 0 0 rg BT 139.98 285.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 177.09 285.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 195.85 285.10 Td (receivable ) Tj ET Q q 0 0 0 rg BT 239.60 285.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 272.80 285.10 Td (are ) Tj ET Q q 0 0 0 rg BT 287.68 285.10 Td (long ) Tj ET Q q 0 0 0 rg BT 308.12 285.10 Td (term ) Tj ET Q q 0 0 0 rg BT 329.11 285.10 Td (receivables ) Tj ET Q q 0 0 0 rg BT 376.75 285.10 Td (related ) Tj ET Q q 0 0 0 rg BT 406.62 285.10 Td (to ) Tj ET Q q 0 0 0 rg BT 417.07 285.10 Td (private ) Tj ET Q q 0 0 0 rg BT 447.50 285.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 475.16 285.10 Td (and ) Tj ET Q q 0 0 0 rg BT 492.27 285.10 Td (real ) Tj ET Q q 0 0 0 rg BT 509.92 285.10 Td (estate ) Tj ET Q q 0 0 0 rg BT 535.35 285.10 Td (capital ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 273.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 86.02 273.10 Td (engagements, ) Tj ET Q q 0 0 0 rg BT 142.30 273.10 Td (which ) Tj ET Q q 0 0 0 rg BT 168.32 273.10 Td (are ) Tj ET Q q 0 0 0 rg BT 182.11 273.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 220.89 273.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 239.69 273.10 Td (in ) Tj ET Q q 0 0 0 rg BT 249.05 273.10 Td (installments ) Tj ET Q q 0 0 0 rg BT 298.96 273.10 Td (over ) Tj ET Q q 0 0 0 rg BT 318.31 273.10 Td (a ) Tj ET Q q 0 0 0 rg BT 324.33 273.10 Td (period ) Tj ET Q q 0 0 0 rg BT 351.46 273.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 361.37 273.10 Td (three ) Tj ET Q q 0 0 0 rg BT 382.94 273.10 Td (years) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 404.04 273.10 Td (. ) Tj ET Q q 0 0 0 rg BT 408.12 273.10 Td ( ) Tj ET Q q 0 0 0 rg BT 409.70 273.10 Td (Included ) Tj ET Q q 0 0 0 rg BT 446.26 273.10 Td (as ) Tj ET Q q 0 0 0 rg BT 456.17 273.10 Td (a ) Tj ET Q q 0 0 0 rg BT 462.19 273.10 Td (component ) Tj ET Q q 0 0 0 rg BT 508.21 273.10 Td (of ) Tj ET Q q 0 0 0 rg BT 518.12 273.10 Td (investment ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 261.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 88.04 261.10 Td (on ) Tj ET Q q 0 0 0 rg BT 100.54 261.10 Td (the ) Tj ET Q q 0 0 0 rg BT 115.25 261.10 Td (condensed ) Tj ET Q q 0 0 0 rg BT 159.96 261.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 213.00 261.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 257.71 261.10 Td (of ) Tj ET Q q 0 0 0 rg BT 268.54 261.10 Td (income ) Tj ET Q q 0 0 0 rg BT 300.48 261.10 Td (is ) Tj ET Q q 0 0 0 rg BT 309.65 261.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 341.58 261.10 Td (income ) Tj ET Q q 0 0 0 rg BT 373.52 261.10 Td (related ) Tj ET Q q 0 0 0 rg BT 403.22 261.10 Td (to ) Tj ET Q q 0 0 0 rg BT 413.50 261.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 442.65 261.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 479.58 261.10 Td (engagements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 240.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 104.70 240.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 122.41 240.10 Td (related ) Tj ET Q q 0 0 0 rg BT 152.31 240.10 Td (to ) Tj ET Q q 0 0 0 rg BT 162.80 240.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 199.94 240.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 218.74 240.10 Td (receivable ) Tj ET Q q 0 0 0 rg BT 262.53 240.10 Td (is ) Tj ET Q q 0 0 0 rg BT 271.90 240.10 Td (disbursed ) Tj ET Q q 0 0 0 rg BT 312.94 240.10 Td (across ) Tj ET Q q 0 0 0 rg BT 340.63 240.10 Td (a ) Tj ET Q q 0 0 0 rg BT 347.78 240.10 Td (lar) Tj ET Q q 0 0 0 rg BT 358.14 240.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 370.29 240.10 Td (number ) Tj ET Q q 0 0 0 rg BT 403.54 240.10 Td (of ) Tj ET Q q 0 0 0 rg BT 414.57 240.10 Td (clients ) Tj ET Q q 0 0 0 rg BT 443.38 240.10 Td (located ) Tj ET Q q 0 0 0 rg BT 474.96 240.10 Td (in ) Tj ET Q q 0 0 0 rg BT 485.44 240.10 Td (various ) Tj ET Q q 0 0 0 rg BT 517.59 240.10 Td (geographic ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 228.10 Td (areas. ) Tj ET Q q 0 0 0 rg BT 75.18 228.10 Td ( ) Tj ET Q q 0 0 0 rg BT 77.16 228.10 Td (W) Tj ET Q q 0 0 0 rg BT 85.80 228.10 Td (e ) Tj ET Q q 0 0 0 rg BT 92.37 228.10 Td (control ) Tj ET Q q 0 0 0 rg BT 122.84 228.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 147.74 228.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 164.88 228.10 Td (through ) Tj ET Q q 0 0 0 rg BT 198.13 228.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 223.03 228.10 Td (approvals ) Tj ET Q q 0 0 0 rg BT 264.04 228.10 Td (and ) Tj ET Q q 0 0 0 rg BT 280.62 228.10 Td (monitoring ) Tj ET Q q 0 0 0 rg BT 327.20 228.10 Td (procedures ) Tj ET Q q 0 0 0 rg BT 373.21 228.10 Td (but ) Tj ET Q q 0 0 0 rg BT 388.13 228.10 Td (do ) Tj ET Q q 0 0 0 rg BT 400.27 228.10 Td (not ) Tj ET Q q 0 0 0 rg BT 415.18 228.10 Td (require ) Tj ET Q q 0 0 0 rg BT 445.64 228.10 Td (collateral ) Tj ET Q q 0 0 0 rg BT 484.97 228.10 Td (to ) Tj ET Q q 0 0 0 rg BT 494.89 228.10 Td (support ) Tj ET Q q 0 0 0 rg BT 527.03 228.10 Td (accounts ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 216.10 Td (receivable.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 50.00 195.10 Td (Investments) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 174.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 96.35 174.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 147.92 174.10 Td (in ) Tj ET Q q 0 0 0 rg BT 159.50 174.10 Td (the ) Tj ET Q q 0 0 0 rg BT 175.52 174.10 Td (merchant ) Tj ET Q q 0 0 0 rg BT 216.52 174.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 252.53 174.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 278.55 174.10 Td (are ) Tj ET Q q 0 0 0 rg BT 294.56 174.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 333.33 174.10 Td (under ) Tj ET Q q 0 0 0 rg BT 359.90 174.10 Td (the ) Tj ET Q q 0 0 0 rg BT 375.92 174.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 404.71 174.10 Td (method ) Tj ET Q q 0 0 0 rg BT 438.50 174.10 Td (of ) Tj ET Q q 0 0 0 rg BT 450.63 174.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 498.30 174.10 Td (based ) Tj ET Q q 0 0 0 rg BT 524.87 174.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 548.67 174.10 Td (our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 162.10 Td (proportionate ) Tj ET Q q 0 0 0 rg BT 106.09 162.10 Td (share ) Tj ET Q q 0 0 0 rg BT 129.41 162.10 Td (of ) Tj ET Q q 0 0 0 rg BT 139.96 162.10 Td (the ) Tj ET Q q 0 0 0 rg BT 154.39 162.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 170.49 162.10 Td (value ) Tj ET Q q 0 0 0 rg BT 194.36 162.10 Td (of ) Tj ET Q q 0 0 0 rg BT 204.91 162.10 Td (the ) Tj ET Q q 0 0 0 rg BT 219.34 162.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 264.89 162.10 Td (merchant ) Tj ET Q q 0 0 0 rg BT 304.31 162.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 338.74 162.10 Td (fund) Tj ET Q q 0 0 0 rg BT 359.85 162.10 Td (s ) Tj ET Q q 0 0 0 rg BT 365.96 162.10 Td (net ) Tj ET Q q 0 0 0 rg BT 380.40 162.10 Td (assets. ) Tj ET Q q 0 0 0 rg BT 408.44 162.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 426.21 162.10 Td (other ) Tj ET Q q 0 0 0 rg BT 448.98 162.10 Td (investments, ) Tj ET Q q 0 0 0 rg BT 501.47 162.10 Td (which ) Tj ET Q q 0 0 0 rg BT 528.13 162.10 Td (consider ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 150.10 Td (our ) Tj ET Q q 0 0 0 rg BT 65.34 150.10 Td (influence ) Tj ET Q q 0 0 0 rg BT 104.55 150.10 Td (or ) Tj ET Q q 0 0 0 rg BT 114.89 150.10 Td (control ) Tj ET Q q 0 0 0 rg BT 145.23 150.10 Td (of ) Tj ET Q q 0 0 0 rg BT 155.57 150.10 Td (the ) Tj ET Q q 0 0 0 rg BT 169.80 150.10 Td (investee, ) Tj ET Q q 0 0 0 rg BT 207.07 150.10 Td (are ) Tj ET Q q 0 0 0 rg BT 221.29 150.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 258.28 150.10 Td (at ) Tj ET Q q 0 0 0 rg BT 267.50 150.10 Td (either ) Tj ET Q q 0 0 0 rg BT 292.28 150.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 332.61 150.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 348.50 150.10 Td (value ) Tj ET Q q 0 0 0 rg BT 372.16 150.10 Td (or ) Tj ET Q q 0 0 0 rg BT 382.50 150.10 Td (under ) Tj ET Q q 0 0 0 rg BT 407.28 150.10 Td (the ) Tj ET Q q 0 0 0 rg BT 421.51 150.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 448.52 150.10 Td (method ) Tj ET Q q 0 0 0 rg BT 480.52 150.10 Td (of ) Tj ET Q q 0 0 0 rg BT 490.86 150.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 536.75 150.10 Td (based, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 138.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.28 138.10 Td (part, ) Tj ET Q q 0 0 0 rg BT 80.83 138.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 103.33 138.10 Td (our ) Tj ET Q q 0 0 0 rg BT 119.16 138.10 Td (proportionate ) Tj ET Q q 0 0 0 rg BT 175.53 138.10 Td (share ) Tj ET Q q 0 0 0 rg BT 199.13 138.10 Td (of ) Tj ET Q q 0 0 0 rg BT 209.96 138.10 Td (the ) Tj ET Q q 0 0 0 rg BT 224.67 138.10 Td (investee) Tj ET Q q 0 0 0 rg BT 260.21 138.10 Td (s ) Tj ET Q q 0 0 0 rg BT 266.61 138.10 Td (net ) Tj ET Q q 0 0 0 rg BT 281.32 138.10 Td (assets.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 50.00 117.10 Td (Goodwill) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 96.10 Td (Goodwill ) Tj ET Q q 0 0 0 rg BT 116.80 96.10 Td (is ) Tj ET Q q 0 0 0 rg BT 125.49 96.10 Td (the ) Tj ET Q q 0 0 0 rg BT 139.73 96.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 157.87 96.10 Td (in ) Tj ET Q q 0 0 0 rg BT 167.67 96.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 195.79 96.10 Td (of ) Tj ET Q q 0 0 0 rg BT 206.14 96.10 Td (the ) Tj ET Q q 0 0 0 rg BT 220.38 96.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 236.28 96.10 Td (value ) Tj ET Q q 0 0 0 rg BT 259.96 96.10 Td (of ) Tj ET Q q 0 0 0 rg BT 270.31 96.10 Td (identifiable ) Tj ET Q q 0 0 0 rg BT 317.87 96.10 Td (net ) Tj ET Q q 0 0 0 rg BT 332.11 96.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 357.46 96.10 Td (at ) Tj ET Q q 0 0 0 rg BT 366.70 96.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 412.61 96.10 Td (date. ) Tj ET Q q 0 0 0 rg BT 433.64 96.10 Td (W) Tj ET Q q 0 0 0 rg BT 442.28 96.10 Td (e ) Tj ET Q q 0 0 0 rg BT 448.74 96.10 Td (test ) Tj ET Q q 0 0 0 rg BT 464.65 96.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 502.23 96.10 Td (for ) Tj ET Q q 0 0 0 rg BT 515.91 96.10 Td (impairment ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 84.10 Td (at ) Tj ET Q q 0 0 0 rg BT 60.01 84.10 Td (least ) Tj ET Q q 0 0 0 rg BT 81.13 84.10 Td (annually) Tj ET Q q 0 0 0 rg BT 114.92 84.10 Td (. ) Tj ET Q q 0 0 0 rg BT 119.59 84.10 Td (An ) Tj ET Q q 0 0 0 rg BT 134.61 84.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 183.50 84.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 201.86 84.10 Td (is ) Tj ET Q q 0 0 0 rg BT 211.32 84.10 Td (triggered ) Tj ET Q q 0 0 0 rg BT 250.21 84.10 Td (if ) Tj ET Q q 0 0 0 rg BT 259.11 84.10 Td (the ) Tj ET Q q 0 0 0 rg BT 274.12 84.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 315.24 84.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 331.91 84.10 Td (value ) Tj ET Q q 0 0 0 rg BT 356.36 84.10 Td (of ) Tj ET Q q 0 0 0 rg BT 367.48 84.10 Td (an ) Tj ET Q q 0 0 0 rg BT 379.72 84.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 420.28 84.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 438.63 84.10 Td (is ) Tj ET Q q 0 0 0 rg BT 448.09 84.10 Td (less ) Tj ET Q q 0 0 0 rg BT 465.89 84.10 Td (than ) Tj ET Q q 0 0 0 rg BT 485.90 84.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 527.01 84.10 Td (net ) Tj ET Q q 0 0 0 rg BT 542.02 84.10 Td (book ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 72.10 Td (value. ) Tj ET Q q 0 0 0 rg BT 76.66 72.10 Td (Such ) Tj ET Q q 0 0 0 rg BT 99.16 72.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 117.22 72.10 Td (is ) Tj ET Q q 0 0 0 rg BT 126.39 72.10 Td (calculated ) Tj ET Q q 0 0 0 rg BT 169.41 72.10 Td (as ) Tj ET Q q 0 0 0 rg BT 180.24 72.10 Td (the ) Tj ET Q q 0 0 0 rg BT 194.96 72.10 Td (dif) Tj ET Q q 0 0 0 rg BT 205.89 72.10 Td (ference ) Tj ET Q q 0 0 0 rg BT 237.80 72.10 Td (between ) Tj ET Q q 0 0 0 rg BT 273.62 72.10 Td (the ) Tj ET Q q 0 0 0 rg BT 288.33 72.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 329.16 72.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 345.53 72.10 Td (value ) Tj ET Q q 0 0 0 rg BT 369.69 72.10 Td (of ) Tj ET Q q 0 0 0 rg BT 380.52 72.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 418.57 72.10 Td (and ) Tj ET Q q 0 0 0 rg BT 435.51 72.10 Td (its ) Tj ET Q q 0 0 0 rg BT 447.46 72.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 483.28 72.10 Td (value.) Tj ET Q endstream endobj 63 0 obj <> endobj 64 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (31) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 742.10 Td (Goodwill ) Tj ET Q q 0 0 0 rg BT 116.37 742.10 Td (is ) Tj ET Q q 0 0 0 rg BT 124.63 742.10 Td (translated ) Tj ET Q q 0 0 0 rg BT 165.10 742.10 Td (at ) Tj ET Q q 0 0 0 rg BT 173.91 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 187.72 742.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 204.30 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 214.22 742.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 253.57 742.10 Td (prevailing ) Tj ET Q q 0 0 0 rg BT 295.70 742.10 Td (at ) Tj ET Q q 0 0 0 rg BT 304.51 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 318.32 742.10 Td (end ) Tj ET Q q 0 0 0 rg BT 334.36 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 344.28 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 358.09 742.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 389.12 742.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 429.03 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 438.40 742.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 484.96 742.10 Td (with ) Tj ET Q q 0 0 0 rg BT 504.33 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 518.14 742.10 Td (accounting ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 88.72 730.10 Td (for ) Tj ET Q q 0 0 0 rg BT 103.01 730.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 134.52 730.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 172.12 730.10 Td (translation. ) Tj ET Q q 0 0 0 rg BT 218.88 730.10 Td (Any ) Tj ET Q q 0 0 0 rg BT 238.73 730.10 Td (translation ) Tj ET Q q 0 0 0 rg BT 283.57 730.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 303.42 730.10 Td (or ) Tj ET Q q 0 0 0 rg BT 314.37 730.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 332.56 730.10 Td (is ) Tj ET Q q 0 0 0 rg BT 341.86 730.10 Td (included ) Tj ET Q q 0 0 0 rg BT 378.92 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 389.33 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 404.18 730.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 435.68 730.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 473.29 730.10 Td (translation ) Tj ET Q q 0 0 0 rg BT 518.13 730.10 Td (adjustment ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (included ) Tj ET Q q 0 0 0 rg BT 86.93 718.10 Td (as ) Tj ET Q q 0 0 0 rg BT 97.76 718.10 Td (a ) Tj ET Q q 0 0 0 rg BT 104.70 718.10 Td (component ) Tj ET Q q 0 0 0 rg BT 151.64 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 162.47 718.10 Td (other ) Tj ET Q q 0 0 0 rg BT 185.51 718.10 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 248.54 718.10 Td (income ) Tj ET Q q 0 0 0 rg BT 280.48 718.10 Td (in ) Tj ET Q q 0 0 0 rg BT 290.76 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 305.47 718.10 Td (condensed ) Tj ET Q q 0 0 0 rg BT 350.18 718.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 403.22 718.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 447.93 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 458.76 718.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 493.47 718.10 Td (in ) Tj ET Q q 0 0 0 rg BT 503.75 718.10 Td (equity) Tj ET Q q 0 0 0 rg BT 528.10 718.10 Td (.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 50.00 697.10 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 93.60 697.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 118.88 697.10 Td (Units) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 676.10 Td (W) Tj ET Q q 0 0 0 rg BT 85.64 676.10 Td (e ) Tj ET Q q 0 0 0 rg BT 93.60 676.10 Td (account ) Tj ET Q q 0 0 0 rg BT 128.21 676.10 Td (for ) Tj ET Q q 0 0 0 rg BT 143.39 676.10 Td (its ) Tj ET Q q 0 0 0 rg BT 156.36 676.10 Td (share-based ) Tj ET Q q 0 0 0 rg BT 207.08 676.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 266.14 676.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 307.99 676.10 Td (under ) Tj ET Q q 0 0 0 rg BT 334.28 676.10 Td (which ) Tj ET Q q 0 0 0 rg BT 362.23 676.10 Td (the ) Tj ET Q q 0 0 0 rg BT 377.97 676.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 395.37 676.10 Td (value ) Tj ET Q q 0 0 0 rg BT 420.54 676.10 Td (of ) Tj ET Q q 0 0 0 rg BT 432.40 676.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 473.12 676.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 497.75 676.10 Td (units ) Tj ET Q q 0 0 0 rg BT 520.72 676.10 Td (granted ) Tj ET Q q 0 0 0 rg BT 554.22 676.10 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 664.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 94.71 664.10 Td (with ) Tj ET Q q 0 0 0 rg BT 114.43 664.10 Td (future ) Tj ET Q q 0 0 0 rg BT 140.25 664.10 Td (service ) Tj ET Q q 0 0 0 rg BT 170.51 664.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 224.66 664.10 Td (is ) Tj ET Q q 0 0 0 rg BT 233.28 664.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 270.20 664.10 Td (as ) Tj ET Q q 0 0 0 rg BT 280.47 664.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 337.96 664.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 372.11 664.10 Td (and ) Tj ET Q q 0 0 0 rg BT 388.49 664.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 427.64 664.10 Td (amortized ) Tj ET Q q 0 0 0 rg BT 469.56 664.10 Td (over ) Tj ET Q q 0 0 0 rg BT 489.28 664.10 Td (a ) Tj ET Q q 0 0 0 rg BT 495.66 664.10 Td (five-year ) Tj ET Q q 0 0 0 rg BT 533.69 664.10 Td (service ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 652.10 Td (period ) Tj ET Q q 0 0 0 rg BT 78.16 652.10 Td (following ) Tj ET Q q 0 0 0 rg BT 119.66 652.10 Td (the ) Tj ET Q q 0 0 0 rg BT 134.49 652.10 Td (date ) Tj ET Q q 0 0 0 rg BT 153.76 652.10 Td (of ) Tj ET Q q 0 0 0 rg BT 164.70 652.10 Td (grant. ) Tj ET Q q 0 0 0 rg BT 190.37 652.10 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 250.75 652.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 285.57 652.10 Td (is ) Tj ET Q q 0 0 0 rg BT 294.86 652.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 342.45 652.10 Td (based ) Tj ET Q q 0 0 0 rg BT 367.83 652.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 390.45 652.10 Td (the ) Tj ET Q q 0 0 0 rg BT 405.28 652.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 421.77 652.10 Td (market ) Tj ET Q q 0 0 0 rg BT 452.15 652.10 Td (value ) Tj ET Q q 0 0 0 rg BT 476.42 652.10 Td (of ) Tj ET Q q 0 0 0 rg BT 487.36 652.10 Td (our ) Tj ET Q q 0 0 0 rg BT 503.30 652.10 Td (common ) Tj ET Q q 0 0 0 rg BT 540.91 652.10 Td (stock ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 640.10 Td (at ) Tj ET Q q 0 0 0 rg BT 60.28 640.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.56 640.10 Td (date ) Tj ET Q q 0 0 0 rg BT 95.28 640.10 Td (of ) Tj ET Q q 0 0 0 rg BT 106.67 640.10 Td (grant. ) Tj ET Q q 0 0 0 rg BT 132.10 640.10 Td (As ) Tj ET Q q 0 0 0 rg BT 146.28 640.10 Td (we ) Tj ET Q q 0 0 0 rg BT 161.00 640.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 196.27 640.10 Td (the ) Tj ET Q q 0 0 0 rg BT 211.55 640.10 Td (awards, ) Tj ET Q q 0 0 0 rg BT 245.44 640.10 Td (the ) Tj ET Q q 0 0 0 rg BT 260.72 640.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 300.98 640.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 325.15 640.10 Td (units ) Tj ET Q q 0 0 0 rg BT 347.66 640.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 394.59 640.10 Td (are ) Tj ET Q q 0 0 0 rg BT 409.86 640.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 447.90 640.10 Td (within ) Tj ET Q q 0 0 0 rg BT 476.52 640.10 Td (equity) Tj ET Q q 0 0 0 rg BT 500.86 640.10 Td (. ) Tj ET Q q 0 0 0 rg BT 506.21 640.10 Td (The ) Tj ET Q q 0 0 0 rg BT 524.81 640.10 Td (restricted ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 628.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 73.27 628.10 Td (units ) Tj ET Q q 0 0 0 rg BT 94.88 628.10 Td (are ) Tj ET Q q 0 0 0 rg BT 109.24 628.10 Td (reclassed ) Tj ET Q q 0 0 0 rg BT 148.05 628.10 Td (into ) Tj ET Q q 0 0 0 rg BT 165.76 628.10 Td (common ) Tj ET Q q 0 0 0 rg BT 202.92 628.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 226.19 628.10 Td (and ) Tj ET Q q 0 0 0 rg BT 242.79 628.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 284.94 628.10 Td (paid-in ) Tj ET Q q 0 0 0 rg BT 315.42 628.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 344.23 628.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 366.39 628.10 Td (vesting. ) Tj ET Q q 0 0 0 rg BT 399.78 628.10 Td (W) Tj ET Q q 0 0 0 rg BT 408.42 628.10 Td (e ) Tj ET Q q 0 0 0 rg BT 415.02 628.10 Td (record ) Tj ET Q q 0 0 0 rg BT 442.71 628.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 479.87 628.10 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 523.68 628.10 Td (payments ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 616.10 Td (on ) Tj ET Q q 0 0 0 rg BT 62.50 616.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 111.67 616.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 151.37 616.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 174.98 616.10 Td (units ) Tj ET Q q 0 0 0 rg BT 196.92 616.10 Td (as ) Tj ET Q q 0 0 0 rg BT 207.75 616.10 Td (a ) Tj ET Q q 0 0 0 rg BT 214.69 616.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 252.19 616.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 289.12 616.10 Td (and ) Tj ET Q q 0 0 0 rg BT 306.06 616.10 Td (a ) Tj ET Q q 0 0 0 rg BT 313.00 616.10 Td (char) Tj ET Q q 0 0 0 rg BT 330.02 616.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 341.96 616.10 Td (to ) Tj ET Q q 0 0 0 rg BT 352.24 616.10 Td (equity) Tj ET Q q 0 0 0 rg BT 376.59 616.10 Td (.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 50.00 595.10 Td (Earnings ) Tj ET Q q 0 0 0 rg BT 90.85 595.10 Td (per ) Tj ET Q q 0 0 0 rg BT 106.68 595.10 Td (Share) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 574.10 Td (W) Tj ET Q q 0 0 0 rg BT 85.64 574.10 Td (e ) Tj ET Q q 0 0 0 rg BT 92.55 574.10 Td (calculate ) Tj ET Q q 0 0 0 rg BT 130.55 574.10 Td (basic ) Tj ET Q q 0 0 0 rg BT 153.58 574.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 189.93 574.10 Td (per ) Tj ET Q q 0 0 0 rg BT 205.17 574.10 Td (share ) Tj ET Q q 0 0 0 rg BT 228.75 574.10 Td (\(EPS\) ) Tj ET Q q 0 0 0 rg BT 263.99 574.10 Td (by ) Tj ET Q q 0 0 0 rg BT 276.47 574.10 Td (dividing ) Tj ET Q q 0 0 0 rg BT 312.28 574.10 Td (net ) Tj ET Q q 0 0 0 rg BT 326.97 574.10 Td (income ) Tj ET Q q 0 0 0 rg BT 358.88 574.10 Td (allocated ) Tj ET Q q 0 0 0 rg BT 397.44 574.10 Td (to ) Tj ET Q q 0 0 0 rg BT 407.70 574.10 Td (common ) Tj ET Q q 0 0 0 rg BT 445.17 574.10 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 498.19 574.10 Td (by ) Tj ET Q q 0 0 0 rg BT 510.67 574.10 Td (the ) Tj ET Q q 0 0 0 rg BT 525.36 574.10 Td (weighted ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (average ) Tj ET Q q 0 0 0 rg BT 83.50 562.10 Td (number ) Tj ET Q q 0 0 0 rg BT 116.46 562.10 Td (of ) Tj ET Q q 0 0 0 rg BT 127.21 562.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 154.62 562.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 203.70 562.10 Td (for ) Tj ET Q q 0 0 0 rg BT 217.78 562.10 Td (the ) Tj ET Q q 0 0 0 rg BT 232.41 562.10 Td (period. ) Tj ET Q q 0 0 0 rg BT 262.88 562.10 Td (Diluted ) Tj ET Q q 0 0 0 rg BT 295.29 562.10 Td (EPS ) Tj ET Q q 0 0 0 rg BT 314.94 562.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 350.68 562.10 Td (the ) Tj ET Q q 0 0 0 rg BT 365.31 562.10 Td (determinants ) Tj ET Q q 0 0 0 rg BT 419.38 562.10 Td (of ) Tj ET Q q 0 0 0 rg BT 430.13 562.10 Td (basic ) Tj ET Q q 0 0 0 rg BT 453.09 562.10 Td (EPS ) Tj ET Q q 0 0 0 rg BT 472.74 562.10 Td (plus ) Tj ET Q q 0 0 0 rg BT 491.83 562.10 Td (the ) Tj ET Q q 0 0 0 rg BT 506.46 562.10 Td (dilutive ) Tj ET Q q 0 0 0 rg BT 539.43 562.10 Td (ef) Tj ET Q q 0 0 0 rg BT 547.02 562.10 Td (fect ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.21 550.10 Td (the ) Tj ET Q q 0 0 0 rg BT 74.30 550.10 Td (common ) Tj ET Q q 0 0 0 rg BT 111.17 550.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 134.15 550.10 Td (deliverable ) Tj ET Q q 0 0 0 rg BT 180.44 550.10 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 216.76 550.10 Td (to ) Tj ET Q q 0 0 0 rg BT 226.41 550.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 265.49 550.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 288.47 550.10 Td (units ) Tj ET Q q 0 0 0 rg BT 309.79 550.10 Td (for ) Tj ET Q q 0 0 0 rg BT 323.33 550.10 Td (which ) Tj ET Q q 0 0 0 rg BT 349.64 550.10 Td (future ) Tj ET Q q 0 0 0 rg BT 375.40 550.10 Td (service ) Tj ET Q q 0 0 0 rg BT 405.59 550.10 Td (is ) Tj ET Q q 0 0 0 rg BT 414.13 550.10 Td (required ) Tj ET Q q 0 0 0 rg BT 449.32 550.10 Td (as ) Tj ET Q q 0 0 0 rg BT 459.53 550.10 Td (a ) Tj ET Q q 0 0 0 rg BT 465.84 550.10 Td (condition ) Tj ET Q q 0 0 0 rg BT 505.49 550.10 Td (to ) Tj ET Q q 0 0 0 rg BT 515.14 550.10 Td (the ) Tj ET Q q 0 0 0 rg BT 529.23 550.10 Td (delivery ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.83 538.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.55 538.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 121.37 538.10 Td (common ) Tj ET Q q 0 0 0 rg BT 158.87 538.10 Td (stock.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 517.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 103.53 517.10 Td (the ) Tj ET Q q 0 0 0 rg BT 117.29 517.10 Td (treasury ) Tj ET Q q 0 0 0 rg BT 151.04 517.10 Td (method, ) Tj ET Q q 0 0 0 rg BT 185.08 517.10 Td (the ) Tj ET Q q 0 0 0 rg BT 198.84 517.10 Td (number ) Tj ET Q q 0 0 0 rg BT 230.93 517.10 Td (of ) Tj ET Q q 0 0 0 rg BT 240.80 517.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 267.34 517.10 Td (issuable ) Tj ET Q q 0 0 0 rg BT 301.10 517.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 322.64 517.10 Td (the ) Tj ET Q q 0 0 0 rg BT 336.40 517.10 Td (vesting ) Tj ET Q q 0 0 0 rg BT 366.83 517.10 Td (of ) Tj ET Q q 0 0 0 rg BT 376.70 517.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 415.45 517.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 438.10 517.10 Td (units ) Tj ET Q q 0 0 0 rg BT 459.09 517.10 Td (included ) Tj ET Q q 0 0 0 rg BT 495.07 517.10 Td (in ) Tj ET Q q 0 0 0 rg BT 504.39 517.10 Td (the ) Tj ET Q q 0 0 0 rg BT 518.15 517.10 Td (calculation ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 505.10 Td (of ) Tj ET Q q 0 0 0 rg BT 61.14 505.10 Td (diluted ) Tj ET Q q 0 0 0 rg BT 91.73 505.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 128.42 505.10 Td (per ) Tj ET Q q 0 0 0 rg BT 144.00 505.10 Td (share ) Tj ET Q q 0 0 0 rg BT 167.92 505.10 Td (is ) Tj ET Q q 0 0 0 rg BT 177.40 505.10 Td (the ) Tj ET Q q 0 0 0 rg BT 192.43 505.10 Td (excess, ) Tj ET Q q 0 0 0 rg BT 223.84 505.10 Td (if ) Tj ET Q q 0 0 0 rg BT 232.77 505.10 Td (any) Tj ET Q q 0 0 0 rg BT 246.56 505.10 Td (, ) Tj ET Q q 0 0 0 rg BT 251.87 505.10 Td (of ) Tj ET Q q 0 0 0 rg BT 263.01 505.10 Td (the ) Tj ET Q q 0 0 0 rg BT 278.04 505.10 Td (number ) Tj ET Q q 0 0 0 rg BT 311.41 505.10 Td (of ) Tj ET Q q 0 0 0 rg BT 322.55 505.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 350.35 505.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 388.70 505.10 Td (to ) Tj ET Q q 0 0 0 rg BT 399.29 505.10 Td (be ) Tj ET Q q 0 0 0 rg BT 411.54 505.10 Td (issued, ) Tj ET Q q 0 0 0 rg BT 441.86 505.10 Td (less ) Tj ET Q q 0 0 0 rg BT 459.67 505.10 Td (the ) Tj ET Q q 0 0 0 rg BT 474.70 505.10 Td (number ) Tj ET Q q 0 0 0 rg BT 508.06 505.10 Td (of ) Tj ET Q q 0 0 0 rg BT 519.21 505.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 547.01 505.10 Td (that ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 493.10 Td (could ) Tj ET Q q 0 0 0 rg BT 74.17 493.10 Td (be ) Tj ET Q q 0 0 0 rg BT 85.57 493.10 Td (purchased ) Tj ET Q q 0 0 0 rg BT 128.06 493.10 Td (by ) Tj ET Q q 0 0 0 rg BT 140.01 493.10 Td (us ) Tj ET Q q 0 0 0 rg BT 150.86 493.10 Td (with ) Tj ET Q q 0 0 0 rg BT 170.60 493.10 Td (the ) Tj ET Q q 0 0 0 rg BT 184.77 493.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 222.26 493.10 Td (to ) Tj ET Q q 0 0 0 rg BT 231.99 493.10 Td (be ) Tj ET Q q 0 0 0 rg BT 243.39 493.10 Td (received ) Tj ET Q q 0 0 0 rg BT 279.21 493.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 301.16 493.10 Td (settlement ) Tj ET Q q 0 0 0 rg BT 344.22 493.10 Td (at ) Tj ET Q q 0 0 0 rg BT 353.39 493.10 Td (the ) Tj ET Q q 0 0 0 rg BT 367.56 493.10 Td (average ) Tj ET Q q 0 0 0 rg BT 400.60 493.10 Td (market ) Tj ET Q q 0 0 0 rg BT 430.32 493.10 Td (closing ) Tj ET Q q 0 0 0 rg BT 461.16 493.10 Td (price ) Tj ET Q q 0 0 0 rg BT 483.10 493.10 Td (during ) Tj ET Q q 0 0 0 rg BT 511.17 493.10 Td (the ) Tj ET Q q 0 0 0 rg BT 525.34 493.10 Td (reporting ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 481.10 Td (period. ) Tj ET Q q 0 0 0 rg BT 80.20 481.10 Td (The ) Tj ET Q q 0 0 0 rg BT 98.07 481.10 Td (denominator ) Tj ET Q q 0 0 0 rg BT 150.94 481.10 Td (for ) Tj ET Q q 0 0 0 rg BT 164.92 481.10 Td (basic ) Tj ET Q q 0 0 0 rg BT 187.79 481.10 Td (EPS ) Tj ET Q q 0 0 0 rg BT 207.35 481.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 242.99 481.10 Td (the ) Tj ET Q q 0 0 0 rg BT 257.53 481.10 Td (number ) Tj ET Q q 0 0 0 rg BT 290.40 481.10 Td (of ) Tj ET Q q 0 0 0 rg BT 301.06 481.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 328.37 481.10 Td (deemed ) Tj ET Q q 0 0 0 rg BT 361.79 481.10 Td (issuable ) Tj ET Q q 0 0 0 rg BT 396.33 481.10 Td (due ) Tj ET Q q 0 0 0 rg BT 413.09 481.10 Td (to ) Tj ET Q q 0 0 0 rg BT 423.19 481.10 Td (the ) Tj ET Q q 0 0 0 rg BT 437.73 481.10 Td (vesting ) Tj ET Q q 0 0 0 rg BT 468.94 481.10 Td (of ) Tj ET Q q 0 0 0 rg BT 479.59 481.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 519.12 481.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 542.55 481.10 Td (units ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 469.10 Td (for ) Tj ET Q q 0 0 0 rg BT 64.16 469.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 110.53 469.10 Td (purposes.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 50.00 448.10 Td (Provision ) Tj ET Q q 0 0 0 rg BT 91.95 448.10 Td (for ) Tj ET Q q 0 0 0 rg BT 106.67 448.10 Td (T) Tj ET Q q 0 0 0 rg BT 111.86 448.10 Td (axes) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 427.10 Td (W) Tj ET Q q 0 0 0 rg BT 85.64 427.10 Td (e ) Tj ET Q q 0 0 0 rg BT 92.88 427.10 Td (account ) Tj ET Q q 0 0 0 rg BT 126.77 427.10 Td (for ) Tj ET Q q 0 0 0 rg BT 141.24 427.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 164.58 427.10 Td (in ) Tj ET Q q 0 0 0 rg BT 175.16 427.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 222.93 427.10 Td (with ) Tj ET Q q 0 0 0 rg BT 243.51 427.10 Td (the ) Tj ET Q q 0 0 0 rg BT 258.53 427.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 297.42 427.10 Td (for ) Tj ET Q q 0 0 0 rg BT 311.88 427.10 Td (income ) Tj ET Q q 0 0 0 rg BT 344.12 427.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 367.47 427.10 Td (which ) Tj ET Q q 0 0 0 rg BT 394.71 427.10 Td (requires ) Tj ET Q q 0 0 0 rg BT 429.72 427.10 Td (the ) Tj ET Q q 0 0 0 rg BT 444.73 427.10 Td (recognition ) Tj ET Q q 0 0 0 rg BT 493.08 427.10 Td (of ) Tj ET Q q 0 0 0 rg BT 504.21 427.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 519.23 427.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 553.69 427.10 Td (or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 415.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 88.60 415.10 Td (on ) Tj ET Q q 0 0 0 rg BT 101.10 415.10 Td (the ) Tj ET Q q 0 0 0 rg BT 115.82 415.10 Td (temporary ) Tj ET Q q 0 0 0 rg BT 159.41 415.10 Td (dif) Tj ET Q q 0 0 0 rg BT 170.34 415.10 Td (ferences ) Tj ET Q q 0 0 0 rg BT 206.14 415.10 Td (between ) Tj ET Q q 0 0 0 rg BT 241.96 415.10 Td (the ) Tj ET Q q 0 0 0 rg BT 256.67 415.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 294.16 415.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 333.31 415.10 Td (and ) Tj ET Q q 0 0 0 rg BT 350.25 415.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 364.97 415.10 Td (bases ) Tj ET Q q 0 0 0 rg BT 389.13 415.10 Td (of ) Tj ET Q q 0 0 0 rg BT 399.96 415.10 Td (its ) Tj ET Q q 0 0 0 rg BT 411.90 415.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 437.73 415.10 Td (and ) Tj ET Q q 0 0 0 rg BT 454.67 415.10 Td (liabilities.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 394.10 Td (W) Tj ET Q q 0 0 0 rg BT 85.64 394.10 Td (e ) Tj ET Q q 0 0 0 rg BT 92.77 394.10 Td (follow ) Tj ET Q q 0 0 0 rg BT 121.58 394.10 Td (the ) Tj ET Q q 0 0 0 rg BT 136.49 394.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 175.29 394.10 Td (for ) Tj ET Q q 0 0 0 rg BT 189.64 394.10 Td (income ) Tj ET Q q 0 0 0 rg BT 221.78 394.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 245.02 394.10 Td (in ) Tj ET Q q 0 0 0 rg BT 255.50 394.10 Td (recognizing, ) Tj ET Q q 0 0 0 rg BT 307.90 394.10 Td (measuring, ) Tj ET Q q 0 0 0 rg BT 354.75 394.10 Td (presenting ) Tj ET Q q 0 0 0 rg BT 399.10 394.10 Td (and ) Tj ET Q q 0 0 0 rg BT 416.24 394.10 Td (disclosing ) Tj ET Q q 0 0 0 rg BT 459.49 394.10 Td (in ) Tj ET Q q 0 0 0 rg BT 469.97 394.10 Td (its ) Tj ET Q q 0 0 0 rg BT 482.11 394.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 519.79 394.10 Td (statements ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 89.33 382.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 103.67 382.10 Td (positions ) Tj ET Q q 0 0 0 rg BT 141.92 382.10 Td (taken ) Tj ET Q q 0 0 0 rg BT 165.70 382.10 Td (or ) Tj ET Q q 0 0 0 rg BT 176.16 382.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 213.82 382.10 Td (to ) Tj ET Q q 0 0 0 rg BT 223.73 382.10 Td (be ) Tj ET Q q 0 0 0 rg BT 235.29 382.10 Td (taken ) Tj ET Q q 0 0 0 rg BT 259.08 382.10 Td (on ) Tj ET Q q 0 0 0 rg BT 271.21 382.10 Td (its ) Tj ET Q q 0 0 0 rg BT 282.78 382.10 Td (income ) Tj ET Q q 0 0 0 rg BT 314.34 382.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 328.69 382.10 Td (returns. ) Tj ET Q q 0 0 0 rg BT 361.08 382.10 Td (Income ) Tj ET Q q 0 0 0 rg BT 393.20 382.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 407.54 382.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 441.88 382.10 Td (is ) Tj ET Q q 0 0 0 rg BT 450.68 382.10 Td (based ) Tj ET Q q 0 0 0 rg BT 475.57 382.10 Td (on ) Tj ET Q q 0 0 0 rg BT 487.70 382.10 Td (pre-tax ) Tj ET Q q 0 0 0 rg BT 518.14 382.10 Td (accounting ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (income, ) Tj ET Q q 0 0 0 rg BT 84.93 370.10 Td (including ) Tj ET Q q 0 0 0 rg BT 125.70 370.10 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 176.46 370.10 Td (made ) Tj ET Q q 0 0 0 rg BT 201.11 370.10 Td (for ) Tj ET Q q 0 0 0 rg BT 215.77 370.10 Td (the ) Tj ET Q q 0 0 0 rg BT 230.98 370.10 Td (recognition ) Tj ET Q q 0 0 0 rg BT 279.52 370.10 Td (or ) Tj ET Q q 0 0 0 rg BT 290.84 370.10 Td (derecognition ) Tj ET Q q 0 0 0 rg BT 348.82 370.10 Td (related ) Tj ET Q q 0 0 0 rg BT 379.01 370.10 Td (to ) Tj ET Q q 0 0 0 rg BT 389.79 370.10 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 429.98 370.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 445.19 370.10 Td (positions. ) Tj ET Q q 0 0 0 rg BT 486.59 370.10 Td (The ) Tj ET Q q 0 0 0 rg BT 505.13 370.10 Td (recognition ) Tj ET Q q 0 0 0 rg BT 553.67 370.10 Td (or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (derecognition ) Tj ET Q q 0 0 0 rg BT 107.48 358.10 Td (of ) Tj ET Q q 0 0 0 rg BT 118.31 358.10 Td (income ) Tj ET Q q 0 0 0 rg BT 150.24 358.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 164.96 358.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 199.67 358.10 Td (related ) Tj ET Q q 0 0 0 rg BT 229.37 358.10 Td (to ) Tj ET Q q 0 0 0 rg BT 239.65 358.10 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 279.35 358.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 294.07 358.10 Td (positions ) Tj ET Q q 0 0 0 rg BT 332.69 358.10 Td (is ) Tj ET Q q 0 0 0 rg BT 341.86 358.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 389.34 358.10 Td (under ) Tj ET Q q 0 0 0 rg BT 414.60 358.10 Td (the ) Tj ET Q q 0 0 0 rg BT 429.32 358.10 Td (guidance.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 337.10 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 114.28 337.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 128.26 337.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 153.34 337.10 Td (and ) Tj ET Q q 0 0 0 rg BT 169.54 337.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 208.51 337.10 Td (are ) Tj ET Q q 0 0 0 rg BT 222.48 337.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 268.10 337.10 Td (for ) Tj ET Q q 0 0 0 rg BT 281.51 337.10 Td (the ) Tj ET Q q 0 0 0 rg BT 295.49 337.10 Td (future ) Tj ET Q q 0 0 0 rg BT 321.12 337.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 335.09 337.10 Td (attributable ) Tj ET Q q 0 0 0 rg BT 382.39 337.10 Td (to ) Tj ET Q q 0 0 0 rg BT 391.92 337.10 Td (dif) Tj ET Q q 0 0 0 rg BT 402.85 337.10 Td (ferences ) Tj ET Q q 0 0 0 rg BT 437.91 337.10 Td (between ) Tj ET Q q 0 0 0 rg BT 472.99 337.10 Td (the ) Tj ET Q q 0 0 0 rg BT 486.96 337.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 523.70 337.10 Td (statement ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 325.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 85.92 325.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 122.41 325.10 Td (of ) Tj ET Q q 0 0 0 rg BT 133.35 325.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 167.62 325.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 193.55 325.10 Td (and ) Tj ET Q q 0 0 0 rg BT 210.60 325.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 250.42 325.10 Td (and ) Tj ET Q q 0 0 0 rg BT 267.46 325.10 Td (their ) Tj ET Q q 0 0 0 rg BT 288.39 325.10 Td (respective ) Tj ET Q q 0 0 0 rg BT 331.53 325.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 346.35 325.10 Td (bases. ) Tj ET Q q 0 0 0 rg BT 373.12 325.10 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 411.25 325.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 426.07 325.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 452.00 325.10 Td (and ) Tj ET Q q 0 0 0 rg BT 469.05 325.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 508.87 325.10 Td (are ) Tj ET Q q 0 0 0 rg BT 523.68 325.10 Td (measured ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 313.10 Td (using ) Tj ET Q q 0 0 0 rg BT 73.90 313.10 Td (enacted ) Tj ET Q q 0 0 0 rg BT 106.65 313.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 121.10 313.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 142.20 313.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 179.96 313.10 Td (to ) Tj ET Q q 0 0 0 rg BT 189.96 313.10 Td (be ) Tj ET Q q 0 0 0 rg BT 201.62 313.10 Td (recovered ) Tj ET Q q 0 0 0 rg BT 243.26 313.10 Td (or ) Tj ET Q q 0 0 0 rg BT 253.82 313.10 Td (settled. ) Tj ET Q q 0 0 0 rg BT 284.49 313.10 Td (The ) Tj ET Q q 0 0 0 rg BT 302.26 313.10 Td (ef) Tj ET Q q 0 0 0 rg BT 309.85 313.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 327.06 313.10 Td (on ) Tj ET Q q 0 0 0 rg BT 339.28 313.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 374.82 313.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 389.26 313.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 414.81 313.10 Td (and ) Tj ET Q q 0 0 0 rg BT 431.48 313.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 470.92 313.10 Td (of ) Tj ET Q q 0 0 0 rg BT 481.48 313.10 Td (a ) Tj ET Q q 0 0 0 rg BT 488.14 313.10 Td (change ) Tj ET Q q 0 0 0 rg BT 518.68 313.10 Td (in ) Tj ET Q q 0 0 0 rg BT 528.68 313.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 543.13 313.10 Td (rates ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 301.10 Td (is ) Tj ET Q q 0 0 0 rg BT 59.17 301.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 105.53 301.10 Td (in ) Tj ET Q q 0 0 0 rg BT 115.81 301.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 152.19 301.10 Td (in ) Tj ET Q q 0 0 0 rg BT 162.47 301.10 Td (the ) Tj ET Q q 0 0 0 rg BT 177.18 301.10 Td (period ) Tj ET Q q 0 0 0 rg BT 205.23 301.10 Td (of ) Tj ET Q q 0 0 0 rg BT 216.06 301.10 Td (change. ) Tj ET Q q 0 0 0 rg BT 249.19 301.10 Td (W) Tj ET Q q 0 0 0 rg BT 257.83 301.10 Td (e ) Tj ET Q q 0 0 0 rg BT 264.77 301.10 Td (apply ) Tj ET Q q 0 0 0 rg BT 289.49 301.10 Td (the ) Tj ET Q q 0 0 0 rg BT 304.20 301.10 Td (more-likely-than-not ) Tj ET Q q 0 0 0 rg BT 394.45 301.10 Td (criteria ) Tj ET Q q 0 0 0 rg BT 429.70 301.10 Td (when ) Tj ET Q q 0 0 0 rg BT 453.86 301.10 Td (determining ) Tj ET Q q 0 0 0 rg BT 504.68 301.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 519.39 301.10 Td (benefits.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 50.00 275.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 93.07 275.10 Td (Instruments ) Tj ET Q q 0 0 0 rg BT 145.59 275.10 Td (and ) Tj ET Q q 0 0 0 rg BT 163.65 275.10 Td (Fair ) Tj ET Q q 0 0 0 rg BT 184.49 275.10 Td (V) Tj ET Q q 0 0 0 rg BT 190.05 275.10 Td (alue) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 254.10 Td (W) Tj ET Q q 0 0 0 rg BT 85.64 254.10 Td (e ) Tj ET Q q 0 0 0 rg BT 94.38 254.10 Td (account ) Tj ET Q q 0 0 0 rg BT 129.77 254.10 Td (for ) Tj ET Q q 0 0 0 rg BT 145.73 254.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 185.01 254.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 235.97 254.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 278.58 254.10 Td (at ) Tj ET Q q 0 0 0 rg BT 290.10 254.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 308.28 254.10 Td (value ) Tj ET Q q 0 0 0 rg BT 334.23 254.10 Td (in ) Tj ET Q q 0 0 0 rg BT 346.31 254.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 395.57 254.10 Td (with ) Tj ET Q q 0 0 0 rg BT 417.64 254.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 465.81 254.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 506.21 254.10 Td (for ) Tj ET Q q 0 0 0 rg BT 522.17 254.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 540.34 254.10 Td (value ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 242.10 Td (measurements ) Tj ET Q q 0 0 0 rg BT 109.81 242.10 Td (and ) Tj ET Q q 0 0 0 rg BT 126.86 242.10 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 173.91 242.10 Td (which ) Tj ET Q q 0 0 0 rg BT 200.96 242.10 Td (establishes ) Tj ET Q q 0 0 0 rg BT 246.89 242.10 Td (a ) Tj ET Q q 0 0 0 rg BT 253.94 242.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 270.43 242.10 Td (value ) Tj ET Q q 0 0 0 rg BT 294.69 242.10 Td (hierarchy ) Tj ET Q q 0 0 0 rg BT 335.06 242.10 Td (that ) Tj ET Q q 0 0 0 rg BT 352.66 242.10 Td (prioritizes ) Tj ET Q q 0 0 0 rg BT 395.81 242.10 Td (the ) Tj ET Q q 0 0 0 rg BT 410.64 242.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 437.70 242.10 Td (to ) Tj ET Q q 0 0 0 rg BT 448.09 242.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 487.91 242.10 Td (techniques ) Tj ET Q q 0 0 0 rg BT 533.28 242.10 Td (used ) Tj ET Q q 0 0 0 rg BT 554.22 242.10 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 230.10 Td (measure ) Tj ET Q q 0 0 0 rg BT 86.06 230.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 102.68 230.10 Td (value. ) Tj ET Q q 0 0 0 rg BT 129.37 230.10 Td (The ) Tj ET Q q 0 0 0 rg BT 147.66 230.10 Td (hierarchy ) Tj ET Q q 0 0 0 rg BT 188.16 230.10 Td (gives ) Tj ET Q q 0 0 0 rg BT 212.01 230.10 Td (the ) Tj ET Q q 0 0 0 rg BT 226.97 230.10 Td (highest ) Tj ET Q q 0 0 0 rg BT 258.60 230.10 Td (priority ) Tj ET Q q 0 0 0 rg BT 291.33 230.10 Td (to ) Tj ET Q q 0 0 0 rg BT 301.85 230.10 Td (unadjusted ) Tj ET Q q 0 0 0 rg BT 347.92 230.10 Td (quoted ) Tj ET Q q 0 0 0 rg BT 377.88 230.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 404.50 230.10 Td (in ) Tj ET Q q 0 0 0 rg BT 415.02 230.10 Td (active ) Tj ET Q q 0 0 0 rg BT 441.63 230.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 476.03 230.10 Td (for ) Tj ET Q q 0 0 0 rg BT 490.43 230.10 Td (identical ) Tj ET Q q 0 0 0 rg BT 527.60 230.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 553.67 230.10 Td (or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 218.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 89.50 218.10 Td (\(Level1 ) Tj ET Q q 0 0 0 rg BT 125.37 218.10 Td (measurements\) ) Tj ET Q q 0 0 0 rg BT 188.19 218.10 Td (and ) Tj ET Q q 0 0 0 rg BT 204.91 218.10 Td (the ) Tj ET Q q 0 0 0 rg BT 219.41 218.10 Td (lowest ) Tj ET Q q 0 0 0 rg BT 247.80 218.10 Td (priority ) Tj ET Q q 0 0 0 rg BT 280.07 218.10 Td (to ) Tj ET Q q 0 0 0 rg BT 290.13 218.10 Td (unobservable ) Tj ET Q q 0 0 0 rg BT 345.73 218.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 372.46 218.10 Td (\(Level3 ) Tj ET Q q 0 0 0 rg BT 408.34 218.10 Td (measurements\). ) Tj ET Q q 0 0 0 rg BT 473.49 218.10 Td (The ) Tj ET Q q 0 0 0 rg BT 491.31 218.10 Td (three ) Tj ET Q q 0 0 0 rg BT 513.58 218.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 539.19 218.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.80 218.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 206.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 66.38 206.10 Td (value ) Tj ET Q q 0 0 0 rg BT 90.53 206.10 Td (hierarchy ) Tj ET Q q 0 0 0 rg BT 130.79 206.10 Td (under ) Tj ET Q q 0 0 0 rg BT 156.05 206.10 Td (the ) Tj ET Q q 0 0 0 rg BT 170.77 206.10 Td (pronouncement ) Tj ET Q q 0 0 0 rg BT 235.47 206.10 Td (are ) Tj ET Q q 0 0 0 rg BT 250.18 206.10 Td (described ) Tj ET Q q 0 0 0 rg BT 291.00 206.10 Td (below:) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 62.00 185.10 Td (Basis of Fair V) Tj ET Q q 0 0 0 rg BT 121.73 185.10 Td (alue Measur) Tj ET Q q 0 0 0 rg BT 171.62 185.10 Td (ement) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 62.00 164.10 Td (Level1 ) Tj ET Q q 0 0 0 rg BT 107.54 164.10 Td (Unadjusted ) Tj ET Q q 0 0 0 rg BT 155.86 164.10 Td (quoted ) Tj ET Q q 0 0 0 rg BT 185.85 164.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 212.50 164.10 Td (in ) Tj ET Q q 0 0 0 rg BT 223.05 164.10 Td (active ) Tj ET Q q 0 0 0 rg BT 249.70 164.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 284.12 164.10 Td (that ) Tj ET Q q 0 0 0 rg BT 301.89 164.10 Td (are ) Tj ET Q q 0 0 0 rg BT 316.87 164.10 Td (accessible ) Tj ET Q q 0 0 0 rg BT 360.18 164.10 Td (at ) Tj ET Q q 0 0 0 rg BT 370.17 164.10 Td (the ) Tj ET Q q 0 0 0 rg BT 385.16 164.10 Td (measurement ) Tj ET Q q 0 0 0 rg BT 441.24 164.10 Td (date ) Tj ET Q q 0 0 0 rg BT 460.67 164.10 Td (for ) Tj ET Q q 0 0 0 rg BT 475.11 164.10 Td (identical, ) Tj ET Q q 0 0 0 rg BT 514.81 164.10 Td (unrestricted ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 152.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 75.83 152.10 Td (or ) Tj ET Q q 0 0 0 rg BT 86.66 152.10 Td (liabilities;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 62.00 131.10 Td (Level2 ) Tj ET Q q 0 0 0 rg BT 106.98 131.10 Td (Quoted ) Tj ET Q q 0 0 0 rg BT 138.63 131.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 164.73 131.10 Td (in ) Tj ET Q q 0 0 0 rg BT 174.72 131.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 208.59 131.10 Td (that ) Tj ET Q q 0 0 0 rg BT 225.80 131.10 Td (are ) Tj ET Q q 0 0 0 rg BT 240.23 131.10 Td (not ) Tj ET Q q 0 0 0 rg BT 255.22 131.10 Td (active ) Tj ET Q q 0 0 0 rg BT 281.31 131.10 Td (or ) Tj ET Q q 0 0 0 rg BT 291.85 131.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 329.05 131.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 377.93 131.10 Td (for ) Tj ET Q q 0 0 0 rg BT 391.81 131.10 Td (which ) Tj ET Q q 0 0 0 rg BT 418.46 131.10 Td (all ) Tj ET Q q 0 0 0 rg BT 430.67 131.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 475.10 131.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 501.76 131.10 Td (are ) Tj ET Q q 0 0 0 rg BT 516.19 131.10 Td (observable, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 119.10 Td (either ) Tj ET Q q 0 0 0 rg BT 75.26 119.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 108.31 119.10 Td (or ) Tj ET Q q 0 0 0 rg BT 119.14 119.10 Td (indirectly;and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 62.00 98.10 Td (Level3 ) Tj ET Q q 0 0 0 rg BT 107.26 98.10 Td (Prices ) Tj ET Q q 0 0 0 rg BT 134.20 98.10 Td (or ) Tj ET Q q 0 0 0 rg BT 145.03 98.10 Td (valuations ) Tj ET Q q 0 0 0 rg BT 188.64 98.10 Td (that ) Tj ET Q q 0 0 0 rg BT 206.13 98.10 Td (require ) Tj ET Q q 0 0 0 rg BT 236.95 98.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 263.89 98.10 Td (that ) Tj ET Q q 0 0 0 rg BT 281.39 98.10 Td (are ) Tj ET Q q 0 0 0 rg BT 296.10 98.10 Td (both ) Tj ET Q q 0 0 0 rg BT 316.38 98.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 361.09 98.10 Td (to ) Tj ET Q q 0 0 0 rg BT 371.37 98.10 Td (the ) Tj ET Q q 0 0 0 rg BT 386.08 98.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 402.46 98.10 Td (value ) Tj ET Q q 0 0 0 rg BT 426.61 98.10 Td (measurement ) Tj ET Q q 0 0 0 rg BT 482.42 98.10 Td (and ) Tj ET Q q 0 0 0 rg BT 499.36 98.10 Td (unobservable.) Tj ET Q endstream endobj 65 0 obj <> endobj 66 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (32) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 62.00 742.10 Td (A) Tj ET Q q 0 0 0 rg BT 68.67 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 71.13 742.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 108.56 742.10 Td (instrument) Tj ET Q q 0 0 0 rg BT 154.11 742.10 Td (s ) Tj ET Q q 0 0 0 rg BT 160.46 742.10 Td (level ) Tj ET Q q 0 0 0 rg BT 182.35 742.10 Td (within ) Tj ET Q q 0 0 0 rg BT 210.36 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 225.04 742.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 241.37 742.10 Td (value ) Tj ET Q q 0 0 0 rg BT 265.48 742.10 Td (hierarchy ) Tj ET Q q 0 0 0 rg BT 305.69 742.10 Td (is ) Tj ET Q q 0 0 0 rg BT 314.82 742.10 Td (based ) Tj ET Q q 0 0 0 rg BT 340.04 742.10 Td (on ) Tj ET Q q 0 0 0 rg BT 352.50 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 367.17 742.10 Td (lowest ) Tj ET Q q 0 0 0 rg BT 395.74 742.10 Td (level ) Tj ET Q q 0 0 0 rg BT 417.63 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 428.41 742.10 Td (any ) Tj ET Q q 0 0 0 rg BT 445.31 742.10 Td (input ) Tj ET Q q 0 0 0 rg BT 468.32 742.10 Td (that ) Tj ET Q q 0 0 0 rg BT 485.77 742.10 Td (is ) Tj ET Q q 0 0 0 rg BT 494.90 742.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 539.56 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 549.80 742.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 66.27 730.10 Td (value ) Tj ET Q q 0 0 0 rg BT 90.33 730.10 Td (measurement. ) Tj ET Q q 0 0 0 rg BT 148.53 730.10 Td (In ) Tj ET Q q 0 0 0 rg BT 159.26 730.10 Td (determining ) Tj ET Q q 0 0 0 rg BT 209.98 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 224.59 730.10 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 272.52 730.10 Td (levels, ) Tj ET Q q 0 0 0 rg BT 300.74 730.10 Td (we ) Tj ET Q q 0 0 0 rg BT 314.80 730.10 Td (perform ) Tj ET Q q 0 0 0 rg BT 349.40 730.10 Td (a ) Tj ET Q q 0 0 0 rg BT 356.23 730.10 Td (detailed ) Tj ET Q q 0 0 0 rg BT 390.28 730.10 Td (analysis ) Tj ET Q q 0 0 0 rg BT 424.89 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 435.62 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 450.23 730.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 475.96 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 492.80 730.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 532.41 730.10 Td (that ) Tj ET Q q 0 0 0 rg BT 549.80 730.10 Td (are ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 81.05 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 91.55 718.10 Td (these ) Tj ET Q q 0 0 0 rg BT 114.81 718.10 Td (disclosures. ) Tj ET Q q 0 0 0 rg BT 163.87 718.10 Td (At ) Tj ET Q q 0 0 0 rg BT 176.59 718.10 Td (each ) Tj ET Q q 0 0 0 rg BT 197.63 718.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 237.01 718.10 Td (period, ) Tj ET Q q 0 0 0 rg BT 267.78 718.10 Td (all ) Tj ET Q q 0 0 0 rg BT 280.49 718.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 306.54 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 323.70 718.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 363.64 718.10 Td (for ) Tj ET Q q 0 0 0 rg BT 378.02 718.10 Td (which ) Tj ET Q q 0 0 0 rg BT 405.18 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 420.12 718.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 436.72 718.10 Td (value ) Tj ET Q q 0 0 0 rg BT 461.09 718.10 Td (measurement ) Tj ET Q q 0 0 0 rg BT 517.13 718.10 Td (is ) Tj ET Q q 0 0 0 rg BT 526.52 718.10 Td (based ) Tj ET Q q 0 0 0 rg BT 552.01 718.10 Td (on ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 95.61 706.10 Td (unobservable ) Tj ET Q q 0 0 0 rg BT 152.33 706.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 180.18 706.10 Td (or ) Tj ET Q q 0 0 0 rg BT 191.91 706.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 241.97 706.10 Td (which ) Tj ET Q q 0 0 0 rg BT 269.81 706.10 Td (trade ) Tj ET Q q 0 0 0 rg BT 293.19 706.10 Td (infrequently ) Tj ET Q q 0 0 0 rg BT 345.47 706.10 Td (and ) Tj ET Q q 0 0 0 rg BT 363.30 706.10 Td (therefore ) Tj ET Q q 0 0 0 rg BT 402.79 706.10 Td (have ) Tj ET Q q 0 0 0 rg BT 425.06 706.10 Td (little ) Tj ET Q q 0 0 0 rg BT 446.79 706.10 Td (or ) Tj ET Q q 0 0 0 rg BT 458.52 706.10 Td (no ) Tj ET Q q 0 0 0 rg BT 471.92 706.10 Td (price ) Tj ET Q q 0 0 0 rg BT 495.31 706.10 Td (transparency ) Tj ET Q q 0 0 0 rg BT 549.79 706.10 Td (are ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (classified ) Tj ET Q q 0 0 0 rg BT 90.26 694.10 Td (as ) Tj ET Q q 0 0 0 rg BT 101.09 694.10 Td (Level3. ) Tj ET Q q 0 0 0 rg BT 136.18 694.10 Td (T) Tj ET Q q 0 0 0 rg BT 141.93 694.10 Td (ransfers ) Tj ET Q q 0 0 0 rg BT 176.08 694.10 Td (between ) Tj ET Q q 0 0 0 rg BT 211.90 694.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 237.72 694.10 Td (are ) Tj ET Q q 0 0 0 rg BT 252.43 694.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 298.79 694.10 Td (as ) Tj ET Q q 0 0 0 rg BT 309.62 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 320.45 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 335.17 694.10 Td (end ) Tj ET Q q 0 0 0 rg BT 352.11 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 362.94 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 377.66 694.10 Td (period ) Tj ET Q q 0 0 0 rg BT 405.70 694.10 Td (in ) Tj ET Q q 0 0 0 rg BT 415.98 694.10 Td (which ) Tj ET Q q 0 0 0 rg BT 442.92 694.10 Td (they ) Tj ET Q q 0 0 0 rg BT 462.64 694.10 Td (occur) Tj ET Q q 0 0 0 rg BT 484.29 694.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 659.25 Td (Item 3.Quantitative and Qualitative Disclosur) Tj ET Q q 0 0 0 rg BT 250.09 659.25 Td (es ) Tj ET Q q 0 0 0 rg BT 260.37 659.25 Td (About Market Risk) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 62.00 638.25 Td (Quantitative ) Tj ET Q q 0 0 0 rg BT 114.77 638.25 Td (and ) Tj ET Q q 0 0 0 rg BT 132.55 638.25 Td (qualitative ) Tj ET Q q 0 0 0 rg BT 178.10 638.25 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 225.88 638.25 Td (about ) Tj ET Q q 0 0 0 rg BT 251.44 638.25 Td (market ) Tj ET Q q 0 0 0 rg BT 282.55 638.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 300.89 638.25 Td (are ) Tj ET Q q 0 0 0 rg BT 316.44 638.25 Td (set ) Tj ET Q q 0 0 0 rg BT 330.89 638.25 Td (forth ) Tj ET Q q 0 0 0 rg BT 353.67 638.25 Td (above ) Tj ET Q q 0 0 0 rg BT 380.89 638.25 Td (in ) Tj ET Q q 0 0 0 rg BT 392.01 638.25 Td (Item2 ) Tj ET Q q 0 0 0 rg BT 438.12 638.25 Td (Management) Tj ET Q q 0 0 0 rg BT 493.10 638.25 Td (s ) Tj ET Q q 0 0 0 rg BT 500.33 638.25 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 547.56 638.25 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 626.25 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 87.50 626.25 Td (of ) Tj ET Q q 0 0 0 rg BT 98.33 626.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 138.04 626.25 Td (Condition ) Tj ET Q q 0 0 0 rg BT 180.55 626.25 Td (and ) Tj ET Q q 0 0 0 rg BT 197.49 626.25 Td (Results ) Tj ET Q q 0 0 0 rg BT 229.43 626.25 Td (of ) Tj ET Q q 0 0 0 rg BT 240.26 626.25 Td (Operations ) Tj ET Q q 0 0 0 rg BT 299.14 626.25 Td (Market ) Tj ET Q q 0 0 0 rg BT 330.52 626.25 Td (Risk.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 603.25 Td (Item 4.Contr) Tj ET Q q 0 0 0 rg BT 110.36 603.25 Td (ols and Pr) Tj ET Q q 0 0 0 rg BT 153.52 603.25 Td (ocedur) Tj ET Q q 0 0 0 rg BT 182.78 603.25 Td (es) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 586.75 Td (Under ) Tj ET Q q 0 0 0 rg BT 102.48 586.75 Td (the ) Tj ET Q q 0 0 0 rg BT 118.18 586.75 Td (supervision ) Tj ET Q q 0 0 0 rg BT 167.78 586.75 Td (and ) Tj ET Q q 0 0 0 rg BT 185.71 586.75 Td (with ) Tj ET Q q 0 0 0 rg BT 206.98 586.75 Td (the ) Tj ET Q q 0 0 0 rg BT 222.68 586.75 Td (participation ) Tj ET Q q 0 0 0 rg BT 276.71 586.75 Td (of ) Tj ET Q q 0 0 0 rg BT 288.53 586.75 Td (our ) Tj ET Q q 0 0 0 rg BT 305.35 586.75 Td (management, ) Tj ET Q q 0 0 0 rg BT 362.42 586.75 Td (including ) Tj ET Q q 0 0 0 rg BT 403.69 586.75 Td (our ) Tj ET Q q 0 0 0 rg BT 420.50 586.75 Td (Chief ) Tj ET Q q 0 0 0 rg BT 446.21 586.75 Td (Executive ) Tj ET Q q 0 0 0 rg BT 489.68 586.75 Td (Of) Tj ET Q q 0 0 0 rg BT 500.05 586.75 Td (ficer ) Tj ET Q q 0 0 0 rg BT 521.85 586.75 Td (and ) Tj ET Q q 0 0 0 rg BT 539.78 586.75 Td (Chief ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 574.75 Td (Financial ) Tj ET Q q 0 0 0 rg BT 89.51 574.75 Td (Of) Tj ET Q q 0 0 0 rg BT 99.88 574.75 Td (ficer) Tj ET Q q 0 0 0 rg BT 117.80 574.75 Td (, ) Tj ET Q q 0 0 0 rg BT 122.60 574.75 Td (we ) Tj ET Q q 0 0 0 rg BT 136.56 574.75 Td (conducted ) Tj ET Q q 0 0 0 rg BT 179.96 574.75 Td (an ) Tj ET Q q 0 0 0 rg BT 191.70 574.75 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 235.65 574.75 Td (of ) Tj ET Q q 0 0 0 rg BT 246.28 574.75 Td (the ) Tj ET Q q 0 0 0 rg BT 260.80 574.75 Td (ef) Tj ET Q q 0 0 0 rg BT 268.39 574.75 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 315.11 574.75 Td (of ) Tj ET Q q 0 0 0 rg BT 325.74 574.75 Td (the ) Tj ET Q q 0 0 0 rg BT 340.26 574.75 Td (Firm's ) Tj ET Q q 0 0 0 rg BT 367.70 574.75 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 410.55 574.75 Td (controls ) Tj ET Q q 0 0 0 rg BT 445.07 574.75 Td (and ) Tj ET Q q 0 0 0 rg BT 461.81 574.75 Td (procedures ) Tj ET Q q 0 0 0 rg BT 507.98 574.75 Td (\(as ) Tj ET Q q 0 0 0 rg BT 521.94 574.75 Td (defined ) Tj ET Q q 0 0 0 rg BT 554.23 574.75 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 562.75 Td (Rule ) Tj ET Q q 0 0 0 rg BT 71.00 562.75 Td (13a-15\(e\) ) Tj ET Q q 0 0 0 rg BT 111.97 562.75 Td (of ) Tj ET Q q 0 0 0 rg BT 122.41 562.75 Td (the ) Tj ET Q q 0 0 0 rg BT 136.73 562.75 Td (Securities ) Tj ET Q q 0 0 0 rg BT 178.28 562.75 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 219.34 562.75 Td (Act ) Tj ET Q q 0 0 0 rg BT 235.89 562.75 Td (of ) Tj ET Q q 0 0 0 rg BT 246.33 562.75 Td (1934, ) Tj ET Q q 0 0 0 rg BT 270.94 562.75 Td (as ) Tj ET Q q 0 0 0 rg BT 281.38 562.75 Td (amended ) Tj ET Q q 0 0 0 rg BT 319.58 562.75 Td (\(the ) Tj ET Q q 0 0 0 rg BT 337.23 562.75 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 382.74 562.75 Td (Act\)\). ) Tj ET Q q 0 0 0 rg BT 412.88 562.75 Td (Based ) Tj ET Q q 0 0 0 rg BT 439.43 562.75 Td (upon ) Tj ET Q q 0 0 0 rg BT 461.54 562.75 Td (this ) Tj ET Q q 0 0 0 rg BT 478.10 562.75 Td (evaluation, ) Tj ET Q q 0 0 0 rg BT 524.35 562.75 Td (our ) Tj ET Q q 0 0 0 rg BT 539.79 562.75 Td (Chief ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 550.75 Td (Executive ) Tj ET Q q 0 0 0 rg BT 92.36 550.75 Td (Of) Tj ET Q q 0 0 0 rg BT 102.73 550.75 Td (ficer ) Tj ET Q q 0 0 0 rg BT 123.42 550.75 Td (and ) Tj ET Q q 0 0 0 rg BT 140.23 550.75 Td (Chief ) Tj ET Q q 0 0 0 rg BT 164.82 550.75 Td (Financial ) Tj ET Q q 0 0 0 rg BT 204.41 550.75 Td (Of) Tj ET Q q 0 0 0 rg BT 214.78 550.75 Td (ficer ) Tj ET Q q 0 0 0 rg BT 235.47 550.75 Td (concluded ) Tj ET Q q 0 0 0 rg BT 278.94 550.75 Td (that ) Tj ET Q q 0 0 0 rg BT 296.31 550.75 Td (our ) Tj ET Q q 0 0 0 rg BT 312.02 550.75 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 354.94 550.75 Td (controls ) Tj ET Q q 0 0 0 rg BT 389.53 550.75 Td (and ) Tj ET Q q 0 0 0 rg BT 406.35 550.75 Td (procedures ) Tj ET Q q 0 0 0 rg BT 452.59 550.75 Td (were ) Tj ET Q q 0 0 0 rg BT 474.39 550.75 Td (ef) Tj ET Q q 0 0 0 rg BT 481.98 550.75 Td (fective ) Tj ET Q q 0 0 0 rg BT 511.56 550.75 Td (as ) Tj ET Q q 0 0 0 rg BT 522.27 550.75 Td (of ) Tj ET Q q 0 0 0 rg BT 532.97 550.75 Td (the ) Tj ET Q q 0 0 0 rg BT 547.56 550.75 Td (end ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 538.75 Td (of ) Tj ET Q q 0 0 0 rg BT 60.83 538.75 Td (the ) Tj ET Q q 0 0 0 rg BT 75.55 538.75 Td (period ) Tj ET Q q 0 0 0 rg BT 103.59 538.75 Td (covered ) Tj ET Q q 0 0 0 rg BT 137.74 538.75 Td (by ) Tj ET Q q 0 0 0 rg BT 150.24 538.75 Td (this ) Tj ET Q q 0 0 0 rg BT 167.19 538.75 Td (report. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 517.75 Td (No ) Tj ET Q q 0 0 0 rg BT 88.43 517.75 Td (change ) Tj ET Q q 0 0 0 rg BT 118.96 517.75 Td (in ) Tj ET Q q 0 0 0 rg BT 128.95 517.75 Td (our ) Tj ET Q q 0 0 0 rg BT 144.49 517.75 Td (internal ) Tj ET Q q 0 0 0 rg BT 177.24 517.75 Td (control ) Tj ET Q q 0 0 0 rg BT 207.78 517.75 Td (over ) Tj ET Q q 0 0 0 rg BT 227.76 517.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 264.95 517.75 Td (reporting ) Tj ET Q q 0 0 0 rg BT 303.82 517.75 Td (\(as ) Tj ET Q q 0 0 0 rg BT 317.69 517.75 Td (defined ) Tj ET Q q 0 0 0 rg BT 349.88 517.75 Td (in ) Tj ET Q q 0 0 0 rg BT 359.87 517.75 Td (Rule ) Tj ET Q q 0 0 0 rg BT 380.97 517.75 Td (13a-15\(f\) ) Tj ET Q q 0 0 0 rg BT 420.94 517.75 Td (and ) Tj ET Q q 0 0 0 rg BT 437.59 517.75 Td (15d-15\(f\) ) Tj ET Q q 0 0 0 rg BT 478.12 517.75 Td (of ) Tj ET Q q 0 0 0 rg BT 488.66 517.75 Td (the ) Tj ET Q q 0 0 0 rg BT 503.09 517.75 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 544.24 517.75 Td (Act\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 505.75 Td (occurred ) Tj ET Q q 0 0 0 rg BT 88.24 505.75 Td (during ) Tj ET Q q 0 0 0 rg BT 117.61 505.75 Td (the ) Tj ET Q q 0 0 0 rg BT 133.09 505.75 Td (period ) Tj ET Q q 0 0 0 rg BT 161.90 505.75 Td (covered ) Tj ET Q q 0 0 0 rg BT 196.81 505.75 Td (by ) Tj ET Q q 0 0 0 rg BT 210.07 505.75 Td (this ) Tj ET Q q 0 0 0 rg BT 227.78 505.75 Td (report ) Tj ET Q q 0 0 0 rg BT 254.92 505.75 Td (that ) Tj ET Q q 0 0 0 rg BT 273.18 505.75 Td (has ) Tj ET Q q 0 0 0 rg BT 289.78 505.75 Td (materially ) Tj ET Q q 0 0 0 rg BT 333.58 505.75 Td (af) Tj ET Q q 0 0 0 rg BT 341.16 505.75 Td (fected, ) Tj ET Q q 0 0 0 rg BT 371.35 505.75 Td (or ) Tj ET Q q 0 0 0 rg BT 382.94 505.75 Td (is ) Tj ET Q q 0 0 0 rg BT 392.88 505.75 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 439.46 505.75 Td (likely ) Tj ET Q q 0 0 0 rg BT 465.49 505.75 Td (to ) Tj ET Q q 0 0 0 rg BT 476.53 505.75 Td (materially ) Tj ET Q q 0 0 0 rg BT 520.33 505.75 Td (af) Tj ET Q q 0 0 0 rg BT 527.92 505.75 Td (fect, ) Tj ET Q q 0 0 0 rg BT 548.67 505.75 Td (our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 493.75 Td (internal ) Tj ET Q q 0 0 0 rg BT 83.04 493.75 Td (control ) Tj ET Q q 0 0 0 rg BT 113.87 493.75 Td (over ) Tj ET Q q 0 0 0 rg BT 134.14 493.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 171.62 493.75 Td (reporting. ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 469.68505859375 m 177.978515625 469.68505859375 l s q 0 0 0 rg BT 50.00 471.25 Td (P) Tj ET Q q 0 0 0 rg BT 55.37 471.25 Td (AR) Tj ET Q q 0 0 0 rg BT 69.46 471.25 Td (T) Tj ET Q q 0 0 0 rg BT 75.95 471.25 Td (II -- Other) Tj ET Q q 0 0 0 rg BT 123.26 471.25 Td ( Information) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 448.25 Td (Item1.Legal Pr) Tj ET Q q 0 0 0 rg BT 121.74 448.25 Td (oceedings) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 62.00 427.25 Td (The ) Tj ET Q q 0 0 0 rg BT 79.68 427.25 Td (Firm ) Tj ET Q q 0 0 0 rg BT 101.26 427.25 Td (is ) Tj ET Q q 0 0 0 rg BT 110.06 427.25 Td (from ) Tj ET Q q 0 0 0 rg BT 131.63 427.25 Td (time ) Tj ET Q q 0 0 0 rg BT 151.54 427.25 Td (to ) Tj ET Q q 0 0 0 rg BT 161.45 427.25 Td (time ) Tj ET Q q 0 0 0 rg BT 181.36 427.25 Td (involved ) Tj ET Q q 0 0 0 rg BT 218.49 427.25 Td (in ) Tj ET Q q 0 0 0 rg BT 228.40 427.25 Td (legal ) Tj ET Q q 0 0 0 rg BT 249.96 427.25 Td (proceedings ) Tj ET Q q 0 0 0 rg BT 300.41 427.25 Td (incidental ) Tj ET Q q 0 0 0 rg BT 341.97 427.25 Td (to ) Tj ET Q q 0 0 0 rg BT 351.88 427.25 Td (the ) Tj ET Q q 0 0 0 rg BT 366.23 427.25 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 402.24 427.25 Td (course ) Tj ET Q q 0 0 0 rg BT 430.48 427.25 Td (of ) Tj ET Q q 0 0 0 rg BT 440.94 427.25 Td (its ) Tj ET Q q 0 0 0 rg BT 452.52 427.25 Td (business. ) Tj ET Q q 0 0 0 rg BT 490.89 427.25 Td (W) Tj ET Q q 0 0 0 rg BT 499.53 427.25 Td (e ) Tj ET Q q 0 0 0 rg BT 506.10 427.25 Td (do ) Tj ET Q q 0 0 0 rg BT 518.23 427.25 Td (not ) Tj ET Q q 0 0 0 rg BT 533.14 427.25 Td (believe ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 415.25 Td (any ) Tj ET Q q 0 0 0 rg BT 66.94 415.25 Td (such ) Tj ET Q q 0 0 0 rg BT 87.77 415.25 Td (proceedings ) Tj ET Q q 0 0 0 rg BT 138.58 415.25 Td (will ) Tj ET Q q 0 0 0 rg BT 156.64 415.25 Td (have ) Tj ET Q q 0 0 0 rg BT 178.02 415.25 Td (a ) Tj ET Q q 0 0 0 rg BT 184.96 415.25 Td (material ) Tj ET Q q 0 0 0 rg BT 220.21 415.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 253.25 415.25 Td (ef) Tj ET Q q 0 0 0 rg BT 260.84 415.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 278.33 415.25 Td (on ) Tj ET Q q 0 0 0 rg BT 290.83 415.25 Td (our ) Tj ET Q q 0 0 0 rg BT 306.66 415.25 Td (results ) Tj ET Q q 0 0 0 rg BT 335.26 415.25 Td (of ) Tj ET Q q 0 0 0 rg BT 346.09 415.25 Td (operations.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 392.25 Td (Item 1A.Risk Factors) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 62.00 371.25 Td (There ) Tj ET Q q 0 0 0 rg BT 87.82 371.25 Td (have ) Tj ET Q q 0 0 0 rg BT 109.19 371.25 Td (been ) Tj ET Q q 0 0 0 rg BT 130.57 371.25 Td (no ) Tj ET Q q 0 0 0 rg BT 143.07 371.25 Td (material ) Tj ET Q q 0 0 0 rg BT 178.33 371.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 213.04 371.25 Td (in ) Tj ET Q q 0 0 0 rg BT 223.31 371.25 Td (our ) Tj ET Q q 0 0 0 rg BT 239.14 371.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 256.64 371.25 Td (factors ) Tj ET Q q 0 0 0 rg BT 286.35 371.25 Td (from ) Tj ET Q q 0 0 0 rg BT 308.29 371.25 Td (those ) Tj ET Q q 0 0 0 rg BT 331.90 371.25 Td (disclosed ) Tj ET Q q 0 0 0 rg BT 371.61 371.25 Td (in ) Tj ET Q q 0 0 0 rg BT 381.89 371.25 Td (our ) Tj ET Q q 0 0 0 rg BT 397.72 371.25 Td (2012 ) Tj ET Q q 0 0 0 rg BT 419.67 371.25 Td (Annual ) Tj ET Q q 0 0 0 rg BT 451.61 371.25 Td (Report ) Tj ET Q q 0 0 0 rg BT 481.33 371.25 Td (on ) Tj ET Q q 0 0 0 rg BT 493.83 371.25 Td (Form ) Tj ET Q q 0 0 0 rg BT 518.00 371.25 Td (10-K.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 339.25 Td (Item 2. Unr) Tj ET Q q 0 0 0 rg BT 99.53 339.25 Td (egister) Tj ET Q q 0 0 0 rg BT 127.67 339.25 Td (ed Sales of Equity Securities and Use of Pr) Tj ET Q q 0 0 0 rg BT 308.59 339.25 Td (oceeds) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 315.25 Td ( ) Tj ET Q q 0 0 0 rg BT 77.00 315.25 Td (Issuer Purchases of Equity Securities in the ) Tj ET Q q 0 0 0 rg BT 252.62 315.25 Td (Third Quarter of 2013:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 227.75 m 293.5 227.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.5 227.75 m 382.5 227.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 227.75 m 471.5 227.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 227.75 m 561.5 227.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.5 227.75 m 382.5 227.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 182.75 m 293.5 182.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.5 182.75 m 382.5 182.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 182.75 m 471.5 182.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 182.75 m 561.5 182.75 l s BT /F3 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 52 230.73007812499998 m 74.66015625 230.73007812499998 l s q 0 0 0 rg BT 52.00 231.98 Td (Period) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 222.25 257.98 Td (T) Tj ET Q q 0 0 0 rg BT 226.85 257.98 Td (otalNumber) Tj ET Q q 0 0 0 rg BT 270.04 257.98 Td (of ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 215.60 249.98 Td (Shar) Tj ET Q q 0 0 0 rg BT 231.90 249.98 Td (es Repur) Tj ET Q q 0 0 0 rg BT 262.20 249.98 Td (chased ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 238.70 231.98 Td ( ) Tj ET Q BT /F3 10.00 Tf ET BT /F3 6.50 Tf ET q 0 0 0 rg BT 254.70 236.51 Td (\(1\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 315.70 239.98 Td (A) Tj ET Q q 0 0 0 rg BT 320.88 239.98 Td (veragePrice) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 312.85 231.98 Td (PaidPer) Tj ET Q q 0 0 0 rg BT 342.25 231.98 Td ( Shar) Tj ET Q q 0 0 0 rg BT 362.56 231.98 Td (e) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 400.25 263.98 Td (T) Tj ET Q q 0 0 0 rg BT 404.85 263.98 Td (otalNumber) Tj ET Q q 0 0 0 rg BT 448.04 263.98 Td (of) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 392.50 255.98 Td (Shar) Tj ET Q q 0 0 0 rg BT 408.80 255.98 Td (esPur) Tj ET Q q 0 0 0 rg BT 430.21 255.98 Td (chased as) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 401.60 247.98 Td (Part of Publicly) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 393.85 239.98 Td (Announced Plans or) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 411.65 231.98 Td (Pr) Tj ET Q q 0 0 0 rg BT 419.94 231.98 Td (ograms) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 483.55 280.68 Td (Appr) Tj ET Q q 0 0 0 rg BT 501.63 280.68 Td (oximateDollar) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 491.55 272.68 Td (V) Tj ET Q q 0 0 0 rg BT 496.59 272.68 Td (alue of Shar) Tj ET Q q 0 0 0 rg BT 537.78 272.68 Td (es) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 490.45 264.68 Td (that May ) Tj ET Q q 0 0 0 rg BT 523.48 264.68 Td (Y) Tj ET Q q 0 0 0 rg BT 528.37 264.68 Td (et Be) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 482.55 256.68 Td (Pur) Tj ET Q q 0 0 0 rg BT 495.29 256.68 Td (chasedunder) Tj ET Q q 0 0 0 rg BT 540.71 256.68 Td (the) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 486.15 248.68 Td (Plansor) Tj ET Q q 0 0 0 rg BT 514.23 248.68 Td (Pr) Tj ET Q q 0 0 0 rg BT 524.52 248.68 Td (ograms ) Tj ET Q BT /F3 10.00 Tf ET BT /F3 6.50 Tf ET q 0 0 0 rg BT 514.20 236.23 Td (\(2\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 217.42 Td (July 1 - July 31) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 257.15 217.42 Td (152,503) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 300.00 217.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 356.15 217.42 Td (49.22) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 457.65 217.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 478.00 217.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 512.65 217.42 Td (57,465,882) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 202.42 Td (August 1 - August 31) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 457.65 202.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 512.65 202.42 Td (57,465,882) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 187.42 Td (September 1 - September 30) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 368.65 187.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 457.65 187.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 512.65 187.42 Td (57,465,882) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 172.42 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 257.15 172.42 Td (152,503) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 457.65 172.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 478.00 172.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 512.65 172.42 Td (57,465,882) Tj ET Q BT /F2 10.00 Tf ET BT /F2 5.00 Tf ET q 0 0 0 rg BT 50.00 150.25 Td (_____________________________________________) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 138.25 Td (\(1\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 138.25 Td (Excludes ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 112.56 138.25 Td (33,636) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 140.06 138.25 Td ( ) Tj ET Q q 0 0 0 rg BT 143.46 138.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 171.86 138.25 Td (we ) Tj ET Q q 0 0 0 rg BT 186.92 138.25 Td (are ) Tj ET Q q 0 0 0 rg BT 202.54 138.25 Td (deemed ) Tj ET Q q 0 0 0 rg BT 237.04 138.25 Td (to ) Tj ET Q q 0 0 0 rg BT 248.22 138.25 Td (have ) Tj ET Q q 0 0 0 rg BT 270.50 138.25 Td (repurchased ) Tj ET Q q 0 0 0 rg BT 322.21 138.25 Td (at ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 332.83 138.25 Td ($49.30) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 360.33 138.25 Td ( ) Tj ET Q q 0 0 0 rg BT 363.74 138.25 Td (per ) Tj ET Q q 0 0 0 rg BT 379.91 138.25 Td (share ) Tj ET Q q 0 0 0 rg BT 404.41 138.25 Td (in ) Tj ET Q q 0 0 0 rg BT 415.60 138.25 Td (the ) Tj ET Q q 0 0 0 rg BT 431.22 138.25 Td (third ) Tj ET Q q 0 0 0 rg BT 453.51 138.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 485.23 138.25 Td (from ) Tj ET Q q 0 0 0 rg BT 508.07 138.25 Td (employees ) Tj ET Q q 0 0 0 rg BT 554.24 138.25 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 126.25 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 122.56 126.25 Td (with ) Tj ET Q q 0 0 0 rg BT 143.19 126.25 Td (the ) Tj ET Q q 0 0 0 rg BT 158.26 126.25 Td (payment ) Tj ET Q q 0 0 0 rg BT 195.54 126.25 Td (of ) Tj ET Q q 0 0 0 rg BT 206.72 126.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 221.79 126.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 261.86 126.25 Td (in ) Tj ET Q q 0 0 0 rg BT 272.49 126.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 303.65 126.25 Td (of ) Tj ET Q q 0 0 0 rg BT 314.83 126.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 338.79 126.25 Td (delivered ) Tj ET Q q 0 0 0 rg BT 378.85 126.25 Td (to ) Tj ET Q q 0 0 0 rg BT 389.47 126.25 Td (employees ) Tj ET Q q 0 0 0 rg BT 435.09 126.25 Td (in ) Tj ET Q q 0 0 0 rg BT 445.72 126.25 Td (settlement ) Tj ET Q q 0 0 0 rg BT 489.67 126.25 Td (of ) Tj ET Q q 0 0 0 rg BT 500.85 126.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 540.90 126.25 Td (stock ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 114.25 Td (units. ) Tj ET Q q 0 0 0 rg BT 96.90 114.25 Td ( ) Tj ET Q q 0 0 0 rg BT 99.36 114.25 Td (For ) Tj ET Q q 0 0 0 rg BT 115.70 114.25 Td (the ) Tj ET Q q 0 0 0 rg BT 130.37 114.25 Td (nine ) Tj ET Q q 0 0 0 rg BT 150.04 114.25 Td (months ) Tj ET Q q 0 0 0 rg BT 181.94 114.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 208.27 114.25 Td (September ) Tj ET Q q 0 0 0 rg BT 253.49 114.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 268.44 114.25 Td (2013, ) Tj ET Q q 0 0 0 rg BT 293.40 114.25 Td (excludes ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 330.84 114.25 Td (214,303) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 363.34 114.25 Td ( ) Tj ET Q q 0 0 0 rg BT 365.79 114.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 393.23 114.25 Td (the ) Tj ET Q q 0 0 0 rg BT 407.91 114.25 Td (Firm ) Tj ET Q q 0 0 0 rg BT 429.81 114.25 Td (is ) Tj ET Q q 0 0 0 rg BT 438.93 114.25 Td (deemed ) Tj ET Q q 0 0 0 rg BT 472.48 114.25 Td (to ) Tj ET Q q 0 0 0 rg BT 482.71 114.25 Td (have ) Tj ET Q q 0 0 0 rg BT 504.04 114.25 Td (repurchased ) Tj ET Q q 0 0 0 rg BT 554.80 114.25 Td (at ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 102.25 Td (an ) Tj ET Q q 0 0 0 rg BT 85.33 102.25 Td (average ) Tj ET Q q 0 0 0 rg BT 119.80 102.25 Td (price ) Tj ET Q q 0 0 0 rg BT 143.17 102.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 154.89 102.25 Td ($57.22) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 182.39 102.25 Td ( ) Tj ET Q q 0 0 0 rg BT 185.78 102.25 Td (per ) Tj ET Q q 0 0 0 rg BT 201.94 102.25 Td (share ) Tj ET Q q 0 0 0 rg BT 226.43 102.25 Td (from ) Tj ET Q q 0 0 0 rg BT 249.25 102.25 Td (employees ) Tj ET Q q 0 0 0 rg BT 295.41 102.25 Td (in ) Tj ET Q q 0 0 0 rg BT 306.57 102.25 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 357.17 102.25 Td (with ) Tj ET Q q 0 0 0 rg BT 378.34 102.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 393.95 102.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 434.55 102.25 Td (in ) Tj ET Q q 0 0 0 rg BT 445.72 102.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 477.42 102.25 Td (of ) Tj ET Q q 0 0 0 rg BT 489.14 102.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 513.64 102.25 Td (delivered ) Tj ET Q q 0 0 0 rg BT 554.23 102.25 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 90.25 Td (employees ) Tj ET Q q 0 0 0 rg BT 117.76 90.25 Td (in ) Tj ET Q q 0 0 0 rg BT 128.04 90.25 Td (settlement ) Tj ET Q q 0 0 0 rg BT 171.64 90.25 Td (of ) Tj ET Q q 0 0 0 rg BT 182.47 90.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 222.17 90.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 245.78 90.25 Td (units. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 69.25 Td (\(2\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 69.25 Td (The ) Tj ET Q q 0 0 0 rg BT 91.11 69.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 118.61 69.25 Td (of ) Tj ET Q q 0 0 0 rg BT 130.00 69.25 Td (Directors, ) Tj ET Q q 0 0 0 rg BT 172.77 69.25 Td (ef) Tj ET Q q 0 0 0 rg BT 180.36 69.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 210.62 69.25 Td (on ) Tj ET Q q 0 0 0 rg BT 223.68 69.25 Td (January ) Tj ET Q q 0 0 0 rg BT 257.84 69.25 Td (23, ) Tj ET Q q 0 0 0 rg BT 273.40 69.25 Td (2013, ) Tj ET Q q 0 0 0 rg BT 298.96 69.25 Td (authorized ) Tj ET Q q 0 0 0 rg BT 344.23 69.25 Td (the ) Tj ET Q q 0 0 0 rg BT 359.51 69.25 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 405.87 69.25 Td (of ) Tj ET Q q 0 0 0 rg BT 417.27 69.25 Td (up ) Tj ET Q q 0 0 0 rg BT 430.33 69.25 Td (to ) Tj ET Q q 0 0 0 rg BT 441.17 69.25 Td ($100,000,000 ) Tj ET Q q 0 0 0 rg BT 499.23 69.25 Td (of ) Tj ET Q q 0 0 0 rg BT 510.62 69.25 Td (our ) Tj ET Q q 0 0 0 rg BT 527.01 69.25 Td (common ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 57.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 96.11 57.25 Td (during ) Tj ET Q q 0 0 0 rg BT 124.72 57.25 Td (2013.) Tj ET Q endstream endobj 67 0 obj <> endobj 68 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (33) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (Item 3.Defaults Upon Senior) Tj ET Q q 0 0 0 rg BT 176.48 718.25 Td ( Securities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 62.00 697.25 Td (None.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 665.25 Td (Item4.Mine Safety Disclosur) Tj ET Q q 0 0 0 rg BT 178.69 665.25 Td (es) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 62.00 644.25 Td (Not ) Tj ET Q q 0 0 0 rg BT 79.50 644.25 Td (applicable.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 621.25 Td (Item 5.Other) Tj ET Q q 0 0 0 rg BT 110.36 621.25 Td ( Information) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 62.00 600.25 Td (None.) Tj ET Q endstream endobj 69 0 obj <> endobj 70 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 298.75 31.60 Td (E-1) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Item 6. Exhibits) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 267.30 721.25 Td (EXHIBIT) Tj ET Q q 0 0 0 rg BT 309.91 721.25 Td ( INDEX) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 689.75 m 100.5 689.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 104.5 689.75 m 562.5 689.75 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 701.98 Td (Exhibit) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 693.98 Td (Number) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 313.20 693.98 Td (Description) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 680.32 Td (10.1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 107.00 680.32 Td (Modification Agreement, dated as of September 27, 2013, between First Republic Bank and Greenhill & Co.,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 107.00 670.32 Td (Inc.) 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Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 554.45 Td () Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 284.5 514.95 m 524.5 514.95 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 287.00 533.62 Td (/s/ Scott L. Bok) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 287.00 519.52 Td (Scott L. 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207.92 535.25 Td (of ) Tj ET Q q 0 0 0 rg BT 218.75 535.25 Td (the ) Tj ET Q q 0 0 0 rg BT 233.47 535.25 Td (dates ) Tj ET Q q 0 0 0 rg BT 256.51 535.25 Td (and ) Tj ET Q q 0 0 0 rg BT 273.45 535.25 Td (for ) Tj ET Q q 0 0 0 rg BT 287.61 535.25 Td (the ) Tj ET Q q 0 0 0 rg BT 302.33 535.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 334.27 535.25 Td (presented ) Tj ET Q q 0 0 0 rg BT 375.08 535.25 Td (in ) Tj ET Q q 0 0 0 rg BT 385.36 535.25 Td (the ) Tj ET Q q 0 0 0 rg BT 400.08 535.25 Td (Report.) 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