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rg BT 358.39 598.25 Td ( ) Tj ET Q q 0 0 0 rg BT 361.13 598.25 Td (per ) Tj ET Q q 0 0 0 rg BT 376.63 598.25 Td (Class ) Tj ET Q q 0 0 0 rg BT 400.83 598.25 Td (T) Tj ET Q q 0 0 0 rg BT 406.76 598.25 Td ( ) Tj ET Q q 0 0 0 rg BT 409.49 598.25 Td (share ) Tj ET Q q 0 0 0 rg BT 433.33 598.25 Td (of ) Tj ET Q q 0 0 0 rg BT 444.39 598.25 Td (our ) Tj ET Q q 0 0 0 rg BT 460.45 598.25 Td (common ) Tj ET Q q 0 0 0 rg BT 498.18 598.25 Td (stock. ) Tj ET Q q 0 0 0 rg BT 524.52 598.25 Td ( ) Tj ET Q q 0 0 0 rg BT 527.06 598.25 Td (The ) Tj ET Q q 0 0 0 rg BT 545.34 598.25 Td (new ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (per ) Tj ET Q q 0 0 0 rg BT 65.27 586.25 Td (share ) Tj ET Q q 0 0 0 rg BT 88.87 586.25 Td (of) Tj ET Q q 0 0 0 rg BT 97.02 586.25 Td (fering ) Tj ET Q q 0 0 0 rg BT 123.39 586.25 Td (price ) Tj ET Q q 0 0 0 rg BT 145.88 586.25 Td (will ) Tj ET Q q 0 0 0 rg BT 163.94 586.25 Td (take ) Tj ET Q q 0 0 0 rg BT 183.09 586.25 Td (ef) Tj ET Q q 0 0 0 rg BT 190.68 586.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 208.16 586.25 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.66 586.25 Td (March9, ) Tj ET Q q 0 0 0 rg BT 259.26 586.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.26 586.25 Td (. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 562.25 Td (Methodology) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 538.25 Td (W) Tj ET Q q 0 0 0 rg BT 76.64 538.25 Td (e ) Tj ET Q q 0 0 0 rg BT 82.91 538.25 Td (engaged ) Tj ET Q q 0 0 0 rg BT 118.06 538.25 Td (Cushman ) Tj ET Q q 0 0 0 rg BT 157.67 538.25 Td (and ) Tj ET Q q 0 0 0 rg BT 173.82 538.25 Td (W) Tj ET Q q 0 0 0 rg BT 182.45 538.25 Td (akefield, ) Tj ET Q q 0 0 0 rg BT 218.99 538.25 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 238.59 538.25 Td (or ) Tj ET Q q 0 0 0 rg BT 248.76 538.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.20 538.25 Td (Cushman) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.98 538.25 Td (, ) Tj ET Q q 0 0 0 rg BT 299.75 538.25 Td (an ) Tj ET Q q 0 0 0 rg BT 311.02 538.25 Td (independent ) Tj ET Q q 0 0 0 rg BT 361.73 538.25 Td (third ) Tj ET Q q 0 0 0 rg BT 382.45 538.25 Td (party ) Tj ET Q q 0 0 0 rg BT 404.83 538.25 Td (real ) Tj ET Q q 0 0 0 rg BT 421.65 538.25 Td (estate ) Tj ET Q q 0 0 0 rg BT 446.25 538.25 Td (advisory ) Tj ET Q q 0 0 0 rg BT 482.53 538.25 Td (and ) Tj ET Q q 0 0 0 rg BT 498.80 538.25 Td (consulting ) Tj ET Q q 0 0 0 rg BT 542.30 538.25 Td (firm, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 Td (to ) Tj ET Q q 0 0 0 rg BT 60.02 526.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 92.81 526.25 Td (third ) Tj ET Q q 0 0 0 rg BT 113.94 526.25 Td (party ) Tj ET Q q 0 0 0 rg BT 136.73 526.25 Td (appraisals ) Tj ET Q q 0 0 0 rg BT 178.96 526.25 Td (for ) Tj ET Q q 0 0 0 rg BT 192.87 526.25 Td (each ) Tj ET Q q 0 0 0 rg BT 213.43 526.25 Td (of ) Tj ET Q q 0 0 0 rg BT 224.00 526.25 Td (our ) Tj ET Q q 0 0 0 rg BT 239.57 526.25 Td (real ) Tj ET Q q 0 0 0 rg BT 256.80 526.25 Td (estate ) Tj ET Q q 0 0 0 rg BT 281.81 526.25 Td (properties ) Tj ET Q q 0 0 0 rg BT 324.04 526.25 Td (as ) Tj ET Q q 0 0 0 rg BT 334.61 526.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.19 526.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 403.51 526.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.51 526.25 Td (. ) Tj ET Q q 0 0 0 rg BT 428.26 526.25 Td ( ) Tj ET Q q 0 0 0 rg BT 430.34 526.25 Td (These ) Tj ET Q q 0 0 0 rg BT 456.46 526.25 Td (appraisals ) Tj ET Q q 0 0 0 rg BT 498.69 526.25 Td (were ) Tj ET Q q 0 0 0 rg BT 520.36 526.25 Td (performed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.25 Td (in ) Tj ET Q q 0 0 0 rg BT 59.76 514.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 106.71 514.25 Td (with ) Tj ET Q q 0 0 0 rg BT 126.47 514.25 Td (Uniform ) Tj ET Q q 0 0 0 rg BT 162.89 514.25 Td (Standards ) Tj ET Q q 0 0 0 rg BT 204.31 514.25 Td (of ) Tj ET Q q 0 0 0 rg BT 214.63 514.25 Td (Professional ) Tj ET Q q 0 0 0 rg BT 265.61 514.25 Td (Appraisal ) Tj ET Q q 0 0 0 rg BT 306.47 514.25 Td (Practice ) Tj ET Q q 0 0 0 rg BT 340.66 514.25 Td (with ) Tj ET Q q 0 0 0 rg BT 360.42 514.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 390.72 514.25 Td (to ) Tj ET Q q 0 0 0 rg BT 400.48 514.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.80 514.25 Td (four) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.46 514.25 Td ( ) Tj ET Q q 0 0 0 rg BT 434.44 514.25 Td (domestic ) Tj ET Q q 0 0 0 rg BT 472.53 514.25 Td (real ) Tj ET Q q 0 0 0 rg BT 489.50 514.25 Td (estate ) Tj ET Q q 0 0 0 rg BT 514.25 514.25 Td (investments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.25 Td (and ) Tj ET Q q 0 0 0 rg BT 67.15 502.25 Td (performed ) Tj ET Q q 0 0 0 rg BT 111.50 502.25 Td (in ) Tj ET Q q 0 0 0 rg BT 121.98 502.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 169.65 502.25 Td (with ) Tj ET Q q 0 0 0 rg BT 190.14 502.25 Td (the ) Tj ET Q q 0 0 0 rg BT 205.06 502.25 Td (professional ) Tj ET Q q 0 0 0 rg BT 256.65 502.25 Td (standards ) Tj ET Q q 0 0 0 rg BT 297.12 502.25 Td (as ) Tj ET Q q 0 0 0 rg BT 308.16 502.25 Td (published ) Tj ET Q q 0 0 0 rg BT 349.76 502.25 Td (by ) Tj ET Q q 0 0 0 rg BT 362.46 502.25 Td (the ) Tj ET Q q 0 0 0 rg BT 377.39 502.25 Td (Royal ) Tj ET Q q 0 0 0 rg BT 403.98 502.25 Td (Institution ) Tj ET Q q 0 0 0 rg BT 447.80 502.25 Td (of ) Tj ET Q q 0 0 0 rg BT 458.84 502.25 Td (Chartered ) Tj ET Q q 0 0 0 rg BT 500.97 502.25 Td (Surveyors ) Tj ET Q q 0 0 0 rg BT 544.23 502.25 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 80.55 490.25 Td (to ) Tj ET Q q 0 0 0 rg BT 90.56 490.25 Td (our ) Tj ET Q q 0 0 0 rg BT 106.13 490.25 Td (international ) Tj ET Q q 0 0 0 rg BT 158.90 490.25 Td (real ) Tj ET Q q 0 0 0 rg BT 176.12 490.25 Td (estate ) Tj ET Q q 0 0 0 rg BT 201.12 490.25 Td (investment. ) Tj ET Q q 0 0 0 rg BT 249.74 490.25 Td ( ) Tj ET Q q 0 0 0 rg BT 251.97 490.25 Td (Cushman ) Tj ET Q q 0 0 0 rg BT 291.99 490.25 Td (has ) Tj ET Q q 0 0 0 rg BT 307.55 490.25 Td (extensive ) Tj ET Q q 0 0 0 rg BT 347.55 490.25 Td (experience ) Tj ET Q q 0 0 0 rg BT 393.09 490.25 Td (in ) Tj ET Q q 0 0 0 rg BT 403.10 490.25 Td (conducting ) Tj ET Q q 0 0 0 rg BT 449.77 490.25 Td (appraisals ) Tj ET Q q 0 0 0 rg BT 491.99 490.25 Td (and ) Tj ET Q q 0 0 0 rg BT 508.67 490.25 Td (valuations ) Tj ET Q q 0 0 0 rg BT 552.00 490.25 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.25 Td (real ) Tj ET Q q 0 0 0 rg BT 67.26 478.25 Td (properties ) Tj ET Q q 0 0 0 rg BT 109.52 478.25 Td (and ) Tj ET Q q 0 0 0 rg BT 126.24 478.25 Td (each ) Tj ET Q q 0 0 0 rg BT 146.83 478.25 Td (of ) Tj ET Q q 0 0 0 rg BT 157.44 478.25 Td (our ) Tj ET Q q 0 0 0 rg BT 173.05 478.25 Td (appraisals ) Tj ET Q q 0 0 0 rg BT 215.31 478.25 Td (with ) Tj ET Q q 0 0 0 rg BT 235.36 478.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 265.96 478.25 Td (to ) Tj ET Q q 0 0 0 rg BT 276.01 478.25 Td (our ) Tj ET Q q 0 0 0 rg BT 291.62 478.25 Td (domestic ) Tj ET Q q 0 0 0 rg BT 330.00 478.25 Td (properties ) Tj ET Q q 0 0 0 rg BT 372.26 478.25 Td (was ) Tj ET Q q 0 0 0 rg BT 390.09 478.25 Td (prepared ) Tj ET Q q 0 0 0 rg BT 427.34 478.25 Td (by ) Tj ET Q q 0 0 0 rg BT 439.62 478.25 Td (personnel ) Tj ET Q q 0 0 0 rg BT 480.77 478.25 Td (who ) Tj ET Q q 0 0 0 rg BT 500.27 478.25 Td (are ) Tj ET Q q 0 0 0 rg BT 514.75 478.25 Td (members ) Tj ET Q q 0 0 0 rg BT 553.69 478.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.17 466.25 Td (Appraisal ) Tj ET Q q 0 0 0 rg BT 105.54 466.25 Td (Institute ) Tj ET Q q 0 0 0 rg BT 140.82 466.25 Td (and ) Tj ET Q q 0 0 0 rg BT 157.75 466.25 Td (have ) Tj ET Q q 0 0 0 rg BT 179.13 466.25 Td (the ) Tj ET Q q 0 0 0 rg BT 193.85 466.25 Td (Member ) Tj ET Q q 0 0 0 rg BT 230.22 466.25 Td (of ) Tj ET Q q 0 0 0 rg BT 240.50 466.25 Td (Appraisal ) Tj ET Q q 0 0 0 rg BT 281.88 466.25 Td (Institute, ) Tj ET Q q 0 0 0 rg BT 319.65 466.25 Td (or ) Tj ET Q q 0 0 0 rg BT 330.48 466.25 Td (MAI, ) Tj ET Q q 0 0 0 rg BT 354.93 466.25 Td (designation.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 442.25 Td (W) Tj ET Q q 0 0 0 rg BT 76.64 442.25 Td (e ) Tj ET Q q 0 0 0 rg BT 83.17 442.25 Td (also ) Tj ET Q q 0 0 0 rg BT 101.38 442.25 Td (engaged ) Tj ET Q q 0 0 0 rg BT 136.79 442.25 Td (Jones ) Tj ET Q q 0 0 0 rg BT 161.11 442.25 Td (Lang ) Tj ET Q q 0 0 0 rg BT 183.75 442.25 Td (LaSalle, ) Tj ET Q q 0 0 0 rg BT 218.89 442.25 Td (an ) Tj ET Q q 0 0 0 rg BT 230.43 442.25 Td (independent ) Tj ET Q q 0 0 0 rg BT 281.40 442.25 Td (third ) Tj ET Q q 0 0 0 rg BT 302.38 442.25 Td (party ) Tj ET Q q 0 0 0 rg BT 325.03 442.25 Td (real ) Tj ET Q q 0 0 0 rg BT 342.11 442.25 Td (estate ) Tj ET Q q 0 0 0 rg BT 366.97 442.25 Td (advisory ) Tj ET Q q 0 0 0 rg BT 403.51 442.25 Td (and ) Tj ET Q q 0 0 0 rg BT 420.04 442.25 Td (consulting ) Tj ET Q q 0 0 0 rg BT 463.80 442.25 Td (services ) Tj ET Q q 0 0 0 rg BT 498.11 442.25 Td (firm, ) Tj ET Q q 0 0 0 rg BT 519.92 442.25 Td (to ) Tj ET Q q 0 0 0 rg BT 529.80 442.25 Td (perform ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td (valuations ) Tj ET Q q 0 0 0 rg BT 93.60 430.25 Td (of ) Tj ET Q q 0 0 0 rg BT 104.43 430.25 Td (our ) Tj ET Q q 0 0 0 rg BT 120.26 430.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 139.98 430.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 186.92 430.25 Td (as ) Tj ET Q q 0 0 0 rg BT 197.75 430.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.58 430.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 267.17 430.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.17 430.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 406.25 Td (In ) Tj ET Q q 0 0 0 rg BT 78.67 406.25 Td (establishing ) Tj ET Q q 0 0 0 rg BT 128.77 406.25 Td (the ) Tj ET Q q 0 0 0 rg BT 143.33 406.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 183.98 406.25 Td (NA) Tj ET Q q 0 0 0 rg BT 197.14 406.25 Td (V) Tj ET Q q 0 0 0 rg BT 204.18 406.25 Td ( ) Tj ET Q q 0 0 0 rg BT 206.51 406.25 Td (per ) Tj ET Q q 0 0 0 rg BT 221.62 406.25 Td (share ) Tj ET Q q 0 0 0 rg BT 245.05 406.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.72 406.25 Td ($9.65) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.22 406.25 Td (, ) Tj ET Q q 0 0 0 rg BT 283.05 406.25 Td (in ) Tj ET Q q 0 0 0 rg BT 293.17 406.25 Td (addition ) Tj ET Q q 0 0 0 rg BT 328.27 406.25 Td (to ) Tj ET Q q 0 0 0 rg BT 338.39 406.25 Td (using ) Tj ET Q q 0 0 0 rg BT 362.39 406.25 Td (the ) Tj ET Q q 0 0 0 rg BT 376.95 406.25 Td (appraised ) Tj ET Q q 0 0 0 rg BT 417.60 406.25 Td (values ) Tj ET Q q 0 0 0 rg BT 445.48 406.25 Td (of ) Tj ET Q q 0 0 0 rg BT 456.15 406.25 Td (our ) Tj ET Q q 0 0 0 rg BT 471.81 406.25 Td (real ) Tj ET Q q 0 0 0 rg BT 489.13 406.25 Td (estate ) Tj ET Q q 0 0 0 rg BT 514.23 406.25 Td (investments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.25 Td (and ) Tj ET Q q 0 0 0 rg BT 67.96 394.25 Td (values ) Tj ET Q q 0 0 0 rg BT 97.02 394.25 Td (of ) Tj ET Q q 0 0 0 rg BT 108.87 394.25 Td (our ) Tj ET Q q 0 0 0 rg BT 125.72 394.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 146.45 394.25 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 196.91 394.25 Td (the ) Tj ET Q q 0 0 0 rg BT 212.65 394.25 Td (valuation ) Tj ET Q q 0 0 0 rg BT 253.38 394.25 Td (committee ) Tj ET Q q 0 0 0 rg BT 299.10 394.25 Td (also ) Tj ET Q q 0 0 0 rg BT 318.73 394.25 Td (included ) Tj ET Q q 0 0 0 rg BT 356.68 394.25 Td (in ) Tj ET Q q 0 0 0 rg BT 367.98 394.25 Td (its ) Tj ET Q q 0 0 0 rg BT 380.94 394.25 Td (determination ) Tj ET Q q 0 0 0 rg BT 440.00 394.25 Td (the ) Tj ET Q q 0 0 0 rg BT 455.73 394.25 Td (values ) Tj ET Q q 0 0 0 rg BT 484.80 394.25 Td (of ) Tj ET Q q 0 0 0 rg BT 496.65 394.25 Td (other ) Tj ET Q q 0 0 0 rg BT 520.71 394.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 547.56 394.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 89.06 382.25 Td (such ) Tj ET Q q 0 0 0 rg BT 109.24 382.25 Td (as ) Tj ET Q q 0 0 0 rg BT 119.41 382.25 Td (cash, ) Tj ET Q q 0 0 0 rg BT 141.52 382.25 Td (tenant ) Tj ET Q q 0 0 0 rg BT 167.80 382.25 Td (and ) Tj ET Q q 0 0 0 rg BT 184.09 382.25 Td (other ) Tj ET Q q 0 0 0 rg BT 206.48 382.25 Td (receivables, ) Tj ET Q q 0 0 0 rg BT 255.79 382.25 Td (accounts ) Tj ET Q q 0 0 0 rg BT 292.62 382.25 Td (payable ) Tj ET Q q 0 0 0 rg BT 325.56 382.25 Td (and ) Tj ET Q q 0 0 0 rg BT 341.84 382.25 Td (accrued ) Tj ET Q q 0 0 0 rg BT 374.77 382.25 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 415.22 382.25 Td (distributions ) Tj ET Q q 0 0 0 rg BT 467.07 382.25 Td (payable ) Tj ET Q q 0 0 0 rg BT 500.00 382.25 Td (and ) Tj ET Q q 0 0 0 rg BT 516.29 382.25 Td (other ) Tj ET Q q 0 0 0 rg BT 538.68 382.25 Td (assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.25 Td (and ) Tj ET Q q 0 0 0 rg BT 67.57 370.25 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 110.41 370.25 Td (all ) Tj ET Q q 0 0 0 rg BT 123.53 370.25 Td (of ) Tj ET Q q 0 0 0 rg BT 134.99 370.25 Td (which ) Tj ET Q q 0 0 0 rg BT 162.56 370.25 Td (were ) Tj ET Q q 0 0 0 rg BT 185.11 370.25 Td (valued ) Tj ET Q q 0 0 0 rg BT 214.90 370.25 Td (at ) Tj ET Q q 0 0 0 rg BT 225.24 370.25 Td (cost. ) Tj ET Q q 0 0 0 rg BT 246.98 370.25 Td ( ) Tj ET Q q 0 0 0 rg BT 250.10 370.25 Td (No ) Tj ET Q q 0 0 0 rg BT 265.45 370.25 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 302.47 370.25 Td (discounts ) Tj ET Q q 0 0 0 rg BT 343.38 370.25 Td (or ) Tj ET Q q 0 0 0 rg BT 354.83 370.25 Td (discounts ) Tj ET Q q 0 0 0 rg BT 395.74 370.25 Td (relating ) Tj ET Q q 0 0 0 rg BT 429.41 370.25 Td (to ) Tj ET Q q 0 0 0 rg BT 440.31 370.25 Td (the ) Tj ET Q q 0 0 0 rg BT 455.66 370.25 Td (fact ) Tj ET Q q 0 0 0 rg BT 473.77 370.25 Td (that ) Tj ET Q q 0 0 0 rg BT 491.89 370.25 Td (we ) Tj ET Q q 0 0 0 rg BT 506.68 370.25 Td (are ) Tj ET Q q 0 0 0 rg BT 522.02 370.25 Td (externally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.25 Td (managed ) Tj ET Q q 0 0 0 rg BT 88.59 358.25 Td (were ) Tj ET Q q 0 0 0 rg BT 110.52 358.25 Td (applied ) Tj ET Q q 0 0 0 rg BT 142.46 358.25 Td (to ) Tj ET Q q 0 0 0 rg BT 152.73 358.25 Td (the ) Tj ET Q q 0 0 0 rg BT 167.45 358.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 208.27 358.25 Td (NA) Tj ET Q q 0 0 0 rg BT 221.43 358.25 Td (V) Tj ET Q q 0 0 0 rg BT 228.47 358.25 Td ( ) Tj ET Q q 0 0 0 rg BT 230.97 358.25 Td (per ) Tj ET Q q 0 0 0 rg BT 246.24 358.25 Td (share ) Tj ET Q q 0 0 0 rg BT 269.83 358.25 Td (and ) Tj ET Q q 0 0 0 rg BT 286.77 358.25 Td (no ) Tj ET Q q 0 0 0 rg BT 299.27 358.25 Td (attempt ) Tj ET Q q 0 0 0 rg BT 331.76 358.25 Td (was ) Tj ET Q q 0 0 0 rg BT 349.81 358.25 Td (made ) Tj ET Q q 0 0 0 rg BT 373.97 358.25 Td (to ) Tj ET Q q 0 0 0 rg BT 384.25 358.25 Td (value ) Tj ET Q q 0 0 0 rg BT 408.40 358.25 Td (the ) Tj ET Q q 0 0 0 rg BT 423.12 358.25 Td (company ) Tj ET Q q 0 0 0 rg BT 462.28 358.25 Td (as ) Tj ET Q q 0 0 0 rg BT 473.11 358.25 Td (an ) Tj ET Q q 0 0 0 rg BT 485.04 358.25 Td (enterprise.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 334.25 Td (Additionally) Tj ET Q q 0 0 0 rg BT 117.90 334.25 Td (, ) Tj ET Q q 0 0 0 rg BT 122.56 334.25 Td (we ) Tj ET Q q 0 0 0 rg BT 136.39 334.25 Td (engaged ) Tj ET Q q 0 0 0 rg BT 171.39 334.25 Td (Altus ) Tj ET Q q 0 0 0 rg BT 195.22 334.25 Td (Group ) Tj ET Q q 0 0 0 rg BT 222.93 334.25 Td (U.S., ) Tj ET Q q 0 0 0 rg BT 245.38 334.25 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 265.31 334.25 Td (or ) Tj ET Q q 0 0 0 rg BT 275.80 334.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.24 334.25 Td (Altus) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.91 334.25 Td (, ) Tj ET Q q 0 0 0 rg BT 311.01 334.25 Td (to ) Tj ET Q q 0 0 0 rg BT 320.95 334.25 Td (review ) Tj ET Q q 0 0 0 rg BT 350.32 334.25 Td (the ) Tj ET Q q 0 0 0 rg BT 364.70 334.25 Td (appraisals ) Tj ET Q q 0 0 0 rg BT 406.85 334.25 Td (provided ) Tj ET Q q 0 0 0 rg BT 444.55 334.25 Td (by ) Tj ET Q q 0 0 0 rg BT 456.72 334.25 Td (Cushman ) Tj ET Q q 0 0 0 rg BT 496.66 334.25 Td (and ) Tj ET Q q 0 0 0 rg BT 513.26 334.25 Td (to ) Tj ET Q q 0 0 0 rg BT 523.20 334.25 Td (assess ) Tj ET Q q 0 0 0 rg BT 549.80 334.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.25 Td (reasonableness ) Tj ET Q q 0 0 0 rg BT 112.56 322.25 Td (of ) Tj ET Q q 0 0 0 rg BT 123.48 322.25 Td (our ) Tj ET Q q 0 0 0 rg BT 139.39 322.25 Td (new ) Tj ET Q q 0 0 0 rg BT 158.64 322.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 199.54 322.25 Td (NA) Tj ET Q q 0 0 0 rg BT 212.70 322.25 Td (V) Tj ET Q q 0 0 0 rg BT 219.74 322.25 Td ( ) Tj ET Q q 0 0 0 rg BT 222.32 322.25 Td (per ) Tj ET Q q 0 0 0 rg BT 237.68 322.25 Td (share. ) Tj ET Q q 0 0 0 rg BT 263.86 322.25 Td ( ) Tj ET Q q 0 0 0 rg BT 266.26 322.25 Td (The ) Tj ET Q q 0 0 0 rg BT 284.39 322.25 Td (appraisal ) Tj ET Q q 0 0 0 rg BT 323.07 322.25 Td (reviews ) Tj ET Q q 0 0 0 rg BT 356.76 322.25 Td (were ) Tj ET Q q 0 0 0 rg BT 378.77 322.25 Td (conducted ) Tj ET Q q 0 0 0 rg BT 422.45 322.25 Td (under ) Tj ET Q q 0 0 0 rg BT 447.80 322.25 Td (the ) Tj ET Q q 0 0 0 rg BT 462.61 322.25 Td (supervision ) Tj ET Q q 0 0 0 rg BT 511.30 322.25 Td (of ) Tj ET Q q 0 0 0 rg BT 522.22 322.25 Td (a ) Tj ET Q q 0 0 0 rg BT 529.24 322.25 Td (member ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.48 310.25 Td (the ) Tj ET Q q 0 0 0 rg BT 74.84 310.25 Td (MAI. ) Tj ET Q q 0 0 0 rg BT 98.93 310.25 Td ( ) Tj ET Q q 0 0 0 rg BT 101.08 310.25 Td (In ) Tj ET Q q 0 0 0 rg BT 111.56 310.25 Td (assessing ) Tj ET Q q 0 0 0 rg BT 150.93 310.25 Td (the ) Tj ET Q q 0 0 0 rg BT 165.29 310.25 Td (reasonableness ) Tj ET Q q 0 0 0 rg BT 227.41 310.25 Td (of ) Tj ET Q q 0 0 0 rg BT 237.89 310.25 Td (our ) Tj ET Q q 0 0 0 rg BT 253.37 310.25 Td (new ) Tj ET Q q 0 0 0 rg BT 272.18 310.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 312.64 310.25 Td (NA) Tj ET Q q 0 0 0 rg BT 325.80 310.25 Td (V) Tj ET Q q 0 0 0 rg BT 331.73 310.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.90 310.25 Td (Altus) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.57 310.25 Td ( ) Tj ET Q q 0 0 0 rg BT 359.72 310.25 Td (utilized ) Tj ET Q q 0 0 0 rg BT 391.86 310.25 Td (the ) Tj ET Q q 0 0 0 rg BT 406.22 310.25 Td (appraised ) Tj ET Q q 0 0 0 rg BT 446.69 310.25 Td (values ) Tj ET Q q 0 0 0 rg BT 474.38 310.25 Td (provided ) Tj ET Q q 0 0 0 rg BT 512.08 310.25 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.22 310.25 Td (Cushman) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.25 Td (as ) Tj ET Q q 0 0 0 rg BT 59.73 298.25 Td (described ) Tj ET Q q 0 0 0 rg BT 99.45 298.25 Td (above, ) Tj ET Q q 0 0 0 rg BT 127.22 298.25 Td (the ) Tj ET Q q 0 0 0 rg BT 140.84 298.25 Td (valuations ) Tj ET Q q 0 0 0 rg BT 183.34 298.25 Td (of ) Tj ET Q q 0 0 0 rg BT 193.08 298.25 Td (our ) Tj ET Q q 0 0 0 rg BT 207.81 298.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 226.42 298.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 272.27 298.25 Td (provided ) Tj ET Q q 0 0 0 rg BT 309.21 298.25 Td (by ) Tj ET Q q 0 0 0 rg BT 320.61 298.25 Td (Jones ) Tj ET Q q 0 0 0 rg BT 344.24 298.25 Td (Lang ) Tj ET Q q 0 0 0 rg BT 366.18 298.25 Td (LaSalle ) Tj ET Q q 0 0 0 rg BT 398.13 298.25 Td (and ) Tj ET Q q 0 0 0 rg BT 413.96 298.25 Td (information ) Tj ET Q q 0 0 0 rg BT 462.58 298.25 Td (provided ) Tj ET Q q 0 0 0 rg BT 499.52 298.25 Td (by ) Tj ET Q q 0 0 0 rg BT 510.92 298.25 Td (management ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.25 Td (regarding ) Tj ET Q q 0 0 0 rg BT 90.66 286.25 Td (balances ) Tj ET Q q 0 0 0 rg BT 127.43 286.25 Td (of ) Tj ET Q q 0 0 0 rg BT 138.10 286.25 Td (cash, ) Tj ET Q q 0 0 0 rg BT 160.71 286.25 Td (tenant ) Tj ET Q q 0 0 0 rg BT 187.49 286.25 Td (and ) Tj ET Q q 0 0 0 rg BT 204.27 286.25 Td (other ) Tj ET Q q 0 0 0 rg BT 227.16 286.25 Td (receivables, ) Tj ET Q q 0 0 0 rg BT 276.98 286.25 Td (accounts ) Tj ET Q q 0 0 0 rg BT 314.31 286.25 Td (payable ) Tj ET Q q 0 0 0 rg BT 347.74 286.25 Td (and ) Tj ET Q q 0 0 0 rg BT 364.53 286.25 Td (accrued ) Tj ET Q q 0 0 0 rg BT 397.95 286.25 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 438.90 286.25 Td (distributions ) Tj ET Q q 0 0 0 rg BT 491.25 286.25 Td (payable ) Tj ET Q q 0 0 0 rg BT 524.68 286.25 Td (and ) Tj ET Q q 0 0 0 rg BT 541.46 286.25 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 75.37 274.25 Td (and ) Tj ET Q q 0 0 0 rg BT 91.84 274.25 Td (liabilities. ) Tj ET Q q 0 0 0 rg BT 133.60 274.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.19 274.25 Td (Altus) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.86 274.25 Td ( ) Tj ET Q q 0 0 0 rg BT 158.89 274.25 Td (concluded ) Tj ET Q q 0 0 0 rg BT 202.02 274.25 Td (that ) Tj ET Q q 0 0 0 rg BT 219.06 274.25 Td (the ) Tj ET Q q 0 0 0 rg BT 233.31 274.25 Td (new ) Tj ET Q q 0 0 0 rg BT 252.01 274.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 292.37 274.25 Td (per ) Tj ET Q q 0 0 0 rg BT 307.17 274.25 Td (share ) Tj ET Q q 0 0 0 rg BT 330.31 274.25 Td (NA) Tj ET Q q 0 0 0 rg BT 343.46 274.25 Td (V) Tj ET Q q 0 0 0 rg BT 350.51 274.25 Td ( ) Tj ET Q q 0 0 0 rg BT 352.54 274.25 Td (determined ) Tj ET Q q 0 0 0 rg BT 399.56 274.25 Td (by ) Tj ET Q q 0 0 0 rg BT 411.60 274.25 Td (our ) Tj ET Q q 0 0 0 rg BT 426.97 274.25 Td (board ) Tj ET Q q 0 0 0 rg BT 451.77 274.25 Td (of ) Tj ET Q q 0 0 0 rg BT 462.14 274.25 Td (directors ) Tj ET Q q 0 0 0 rg BT 499.16 274.25 Td (was ) Tj ET Q q 0 0 0 rg BT 516.75 274.25 Td (reasonable.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 250.25 Td (The ) Tj ET Q q 0 0 0 rg BT 85.92 250.25 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 127.15 250.25 Td (appraised ) Tj ET Q q 0 0 0 rg BT 167.83 250.25 Td (value ) Tj ET Q q 0 0 0 rg BT 191.86 250.25 Td (of ) Tj ET Q q 0 0 0 rg BT 202.56 250.25 Td (our ) Tj ET Q q 0 0 0 rg BT 218.26 250.25 Td (real ) Tj ET Q q 0 0 0 rg BT 235.61 250.25 Td (estate ) Tj ET Q q 0 0 0 rg BT 260.75 250.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 310.89 250.25 Td (as ) Tj ET Q q 0 0 0 rg BT 321.59 250.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.29 250.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 390.74 250.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.74 250.25 Td ( ) Tj ET Q q 0 0 0 rg BT 413.11 250.25 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.03 250.25 Td ($409.1 ) Tj ET Q q 0 0 0 rg BT 460.90 250.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.79 250.25 Td (, ) Tj ET Q q 0 0 0 rg BT 494.66 250.25 Td (which ) Tj ET Q q 0 0 0 rg BT 521.47 250.25 Td (represents ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.59 238.25 Td (5.2%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.42 238.25 Td ( ) Tj ET Q q 0 0 0 rg BT 79.57 238.25 Td (net ) Tj ET Q q 0 0 0 rg BT 93.94 238.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 128.84 238.25 Td (when ) Tj ET Q q 0 0 0 rg BT 152.65 238.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 194.22 238.25 Td (to ) Tj ET Q q 0 0 0 rg BT 204.15 238.25 Td (the ) Tj ET Q q 0 0 0 rg BT 218.52 238.25 Td (previously ) Tj ET Q q 0 0 0 rg BT 262.88 238.25 Td (determined ) Tj ET Q q 0 0 0 rg BT 310.01 238.25 Td (appraised ) Tj ET Q q 0 0 0 rg BT 350.48 238.25 Td (value ) Tj ET Q q 0 0 0 rg BT 374.29 238.25 Td (of ) Tj ET Q q 0 0 0 rg BT 384.77 238.25 Td (our ) Tj ET Q q 0 0 0 rg BT 400.25 238.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 425.73 238.25 Td (as ) Tj ET Q q 0 0 0 rg BT 436.21 238.25 Td (of ) Tj ET Q q 0 0 0 rg BT 446.69 238.25 Td (February ) Tj ET Q q 0 0 0 rg BT 484.93 238.25 Td (29, ) Tj ET Q q 0 0 0 rg BT 499.58 238.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 524.23 238.25 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.06 226.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 101.44 226.25 Td (price ) Tj ET Q q 0 0 0 rg BT 123.27 226.25 Td (of ) Tj ET Q q 0 0 0 rg BT 133.45 226.25 Td (the ) Tj ET Q q 0 0 0 rg BT 147.51 226.25 Td (real ) Tj ET Q q 0 0 0 rg BT 164.34 226.25 Td (estate ) Tj ET Q q 0 0 0 rg BT 188.95 226.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 238.57 226.25 Td (acquired ) Tj ET Q q 0 0 0 rg BT 274.83 226.25 Td (since ) Tj ET Q q 0 0 0 rg BT 297.23 226.25 Td (that ) Tj ET Q q 0 0 0 rg BT 314.07 226.25 Td (time. ) Tj ET Q q 0 0 0 rg BT 336.18 226.25 Td ( ) Tj ET Q q 0 0 0 rg BT 337.90 226.25 Td (This ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.52 226.25 Td (5.2%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.35 226.25 Td ( ) Tj ET Q q 0 0 0 rg BT 380.19 226.25 Td (net ) Tj ET Q q 0 0 0 rg BT 394.26 226.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 428.85 226.25 Td (resulted ) Tj ET Q q 0 0 0 rg BT 462.35 226.25 Td (from ) Tj ET Q q 0 0 0 rg BT 483.64 226.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.92 226.25 Td (6.4%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.75 226.25 Td ( ) Tj ET Q q 0 0 0 rg BT 512.60 226.25 Td (appreciation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.25 Td (in ) Tj ET Q q 0 0 0 rg BT 59.71 214.25 Td (the ) Tj ET Q q 0 0 0 rg BT 73.85 214.25 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 114.64 214.25 Td (appraised ) Tj ET Q q 0 0 0 rg BT 154.88 214.25 Td (values ) Tj ET Q q 0 0 0 rg BT 182.36 214.25 Td (of ) Tj ET Q q 0 0 0 rg BT 192.62 214.25 Td (our ) Tj ET Q q 0 0 0 rg BT 207.87 214.25 Td (real ) Tj ET Q q 0 0 0 rg BT 224.79 214.25 Td (estate ) Tj ET Q q 0 0 0 rg BT 249.48 214.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 299.18 214.25 Td (since ) Tj ET Q q 0 0 0 rg BT 321.65 214.25 Td (their ) Tj ET Q q 0 0 0 rg BT 341.91 214.25 Td (appraisals ) Tj ET Q q 0 0 0 rg BT 383.82 214.25 Td (on ) Tj ET Q q 0 0 0 rg BT 395.75 214.25 Td (February ) Tj ET Q q 0 0 0 rg BT 433.77 214.25 Td (29, ) Tj ET Q q 0 0 0 rg BT 448.20 214.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 472.63 214.25 Td (including ) Tj ET Q q 0 0 0 rg BT 512.33 214.25 Td (the ) Tj ET Q q 0 0 0 rg BT 526.48 214.25 Td (purchase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.25 Td (price ) Tj ET Q q 0 0 0 rg BT 72.66 202.25 Td (of ) Tj ET Q q 0 0 0 rg BT 83.66 202.25 Td (the ) Tj ET Q q 0 0 0 rg BT 98.55 202.25 Td (real ) Tj ET Q q 0 0 0 rg BT 116.21 202.25 Td (estate ) Tj ET Q q 0 0 0 rg BT 141.64 202.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 192.09 202.25 Td (acquired ) Tj ET Q q 0 0 0 rg BT 229.19 202.25 Td (since ) Tj ET Q q 0 0 0 rg BT 252.40 202.25 Td (that ) Tj ET Q q 0 0 0 rg BT 270.07 202.25 Td (time, ) Tj ET Q q 0 0 0 rg BT 293.02 202.25 Td (which ) Tj ET Q q 0 0 0 rg BT 320.13 202.25 Td (was ) Tj ET Q q 0 0 0 rg BT 338.35 202.25 Td (of) Tj ET Q q 0 0 0 rg BT 346.50 202.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 363.61 202.25 Td (by ) Tj ET Q q 0 0 0 rg BT 376.29 202.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.40 202.25 Td (1.2%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.23 202.25 Td ( ) Tj ET Q q 0 0 0 rg BT 406.90 202.25 Td (dilution ) Tj ET Q q 0 0 0 rg BT 440.68 202.25 Td (resulting ) Tj ET Q q 0 0 0 rg BT 478.35 202.25 Td (from ) Tj ET Q q 0 0 0 rg BT 500.46 202.25 Td (the ) Tj ET Q q 0 0 0 rg BT 515.35 202.25 Td (devaluation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.83 190.25 Td (the ) Tj ET Q q 0 0 0 rg BT 75.55 190.25 Td (Euro ) Tj ET Q q 0 0 0 rg BT 97.49 190.25 Td (against ) Tj ET Q q 0 0 0 rg BT 128.31 190.25 Td (the ) Tj ET Q q 0 0 0 rg BT 143.03 190.25 Td (U.S ) Tj ET Q q 0 0 0 rg BT 160.81 190.25 Td (dollar ) Tj ET Q q 0 0 0 rg BT 186.64 190.25 Td (from ) Tj ET Q q 0 0 0 rg BT 208.57 190.25 Td (February ) Tj ET Q q 0 0 0 rg BT 247.17 190.25 Td (29, ) Tj ET Q q 0 0 0 rg BT 262.17 190.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 284.67 190.25 Td (to ) Tj ET Q q 0 0 0 rg BT 294.95 190.25 Td (December ) Tj ET Q q 0 0 0 rg BT 338.54 190.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 353.54 190.25 Td (2016.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 166.25 Td (The ) Tj ET Q q 0 0 0 rg BT 85.65 166.25 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 126.61 166.25 Td (appraised ) Tj ET Q q 0 0 0 rg BT 167.03 166.25 Td (value ) Tj ET Q q 0 0 0 rg BT 190.78 166.25 Td (of ) Tj ET Q q 0 0 0 rg BT 201.22 166.25 Td (our ) Tj ET Q q 0 0 0 rg BT 216.65 166.25 Td (real ) Tj ET Q q 0 0 0 rg BT 233.73 166.25 Td (estate ) Tj ET Q q 0 0 0 rg BT 258.60 166.25 Td (property ) Tj ET Q q 0 0 0 rg BT 294.58 166.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 344.45 166.25 Td (also ) Tj ET Q q 0 0 0 rg BT 362.66 166.25 Td (represents ) Tj ET Q q 0 0 0 rg BT 405.30 166.25 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.84 166.25 Td (8.3%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.67 166.25 Td ( ) Tj ET Q q 0 0 0 rg BT 439.77 166.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 474.62 166.25 Td (when ) Tj ET Q q 0 0 0 rg BT 498.38 166.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 539.91 166.25 Td (to ) Tj ET Q q 0 0 0 rg BT 549.79 166.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 87.41 154.25 Td (price ) Tj ET Q q 0 0 0 rg BT 109.28 154.25 Td (of ) Tj ET Q q 0 0 0 rg BT 119.48 154.25 Td (the ) Tj ET Q q 0 0 0 rg BT 133.58 154.25 Td (real ) Tj ET Q q 0 0 0 rg BT 150.44 154.25 Td (estate ) Tj ET Q q 0 0 0 rg BT 175.08 154.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 224.73 154.25 Td (excluding ) Tj ET Q q 0 0 0 rg BT 266.04 154.25 Td (closing ) Tj ET Q q 0 0 0 rg BT 296.80 154.25 Td (costs, ) Tj ET Q q 0 0 0 rg BT 321.18 154.25 Td (transaction ) Tj ET Q q 0 0 0 rg BT 366.93 154.25 Td (fees ) Tj ET Q q 0 0 0 rg BT 384.90 154.25 Td (and ) Tj ET Q q 0 0 0 rg BT 401.22 154.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 443.08 154.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 471.61 154.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 521.26 154.25 Td (since ) Tj ET Q q 0 0 0 rg BT 543.68 154.25 Td (their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.25 Td (acquisition. ) Tj ET Q q 0 0 0 rg BT 102.33 142.25 Td (This ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.83 142.25 Td (8.3%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.66 142.25 Td ( ) Tj ET Q q 0 0 0 rg BT 148.37 142.25 Td (net ) Tj ET Q q 0 0 0 rg BT 164.31 142.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 200.78 142.25 Td (resulted ) Tj ET Q q 0 0 0 rg BT 236.15 142.25 Td (from ) Tj ET Q q 0 0 0 rg BT 259.31 142.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.46 142.25 Td (10.6%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.29 142.25 Td ( ) Tj ET Q q 0 0 0 rg BT 297.01 142.25 Td (appreciation ) Tj ET Q q 0 0 0 rg BT 350.15 142.25 Td (in ) Tj ET Q q 0 0 0 rg BT 361.64 142.25 Td (the ) Tj ET Q q 0 0 0 rg BT 377.58 142.25 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 420.16 142.25 Td (appraised ) Tj ET Q q 0 0 0 rg BT 462.19 142.25 Td (values ) Tj ET Q q 0 0 0 rg BT 491.45 142.25 Td (of ) Tj ET Q q 0 0 0 rg BT 503.50 142.25 Td (our ) Tj ET Q q 0 0 0 rg BT 520.55 142.25 Td (real ) Tj ET Q q 0 0 0 rg BT 539.25 142.25 Td (estate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 100.60 130.25 Td (since ) Tj ET Q q 0 0 0 rg BT 123.97 130.25 Td (their ) Tj ET Q q 0 0 0 rg BT 145.12 130.25 Td (purchase, ) Tj ET Q q 0 0 0 rg BT 185.99 130.25 Td (which ) Tj ET Q q 0 0 0 rg BT 213.25 130.25 Td (was ) Tj ET Q q 0 0 0 rg BT 231.63 130.25 Td (of) Tj ET Q q 0 0 0 rg BT 239.78 130.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 257.04 130.25 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.87 130.25 Td (2.3%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.70 130.25 Td ( ) Tj ET Q q 0 0 0 rg BT 293.53 130.25 Td (dilution ) Tj ET Q q 0 0 0 rg BT 327.47 130.25 Td (resulting ) Tj ET Q q 0 0 0 rg BT 365.29 130.25 Td (from ) Tj ET Q q 0 0 0 rg BT 387.55 130.25 Td (the ) Tj ET Q q 0 0 0 rg BT 402.59 130.25 Td (devaluation ) Tj ET Q q 0 0 0 rg BT 452.07 130.25 Td (of ) Tj ET Q q 0 0 0 rg BT 463.23 130.25 Td (the ) Tj ET Q q 0 0 0 rg BT 478.27 130.25 Td (Euro ) Tj ET Q q 0 0 0 rg BT 500.54 130.25 Td (against ) Tj ET Q q 0 0 0 rg BT 531.69 130.25 Td (the ) Tj ET Q q 0 0 0 rg BT 546.73 130.25 Td (U.S ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.25 Td (dollar) Tj ET Q q 0 0 0 rg BT 72.77 118.25 Td (.) Tj ET Q endstream endobj 7 0 obj <> endobj 8 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 742.10 Td (The ) Tj ET Q q 0 0 0 rg BT 85.73 742.10 Td (table ) Tj ET Q q 0 0 0 rg BT 107.35 742.10 Td (below ) Tj ET Q q 0 0 0 rg BT 133.98 742.10 Td (sets ) Tj ET Q q 0 0 0 rg BT 151.17 742.10 Td (forth ) Tj ET Q q 0 0 0 rg BT 172.79 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 187.19 742.10 Td (calculation ) Tj ET Q q 0 0 0 rg BT 233.25 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 243.76 742.10 Td (our ) Tj ET Q q 0 0 0 rg BT 259.28 742.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 299.79 742.10 Td (NA) Tj ET Q q 0 0 0 rg BT 312.94 742.10 Td (V) Tj ET Q q 0 0 0 rg BT 319.98 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 322.17 742.10 Td (per ) Tj ET Q q 0 0 0 rg BT 337.12 742.10 Td (share ) Tj ET Q q 0 0 0 rg BT 360.41 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 377.03 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 391.44 742.10 Td (of) Tj ET Q q 0 0 0 rg BT 399.59 742.10 Td (fering ) Tj ET Q q 0 0 0 rg BT 425.65 742.10 Td (price ) Tj ET Q q 0 0 0 rg BT 447.82 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 458.34 742.10 Td (each ) Tj ET Q q 0 0 0 rg BT 478.84 742.10 Td (class ) Tj ET Q q 0 0 0 rg BT 500.47 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 510.98 742.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 538.16 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 548.68 742.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (common ) Tj ET Q q 0 0 0 rg BT 87.50 730.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 111.10 730.10 Td (as ) Tj ET Q q 0 0 0 rg BT 121.93 730.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.76 730.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 191.35 730.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.35 730.10 Td ( ) Tj ET Q q 0 0 0 rg BT 213.85 730.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.79 730.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.79 730.10 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 679.60 233.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 282.50 679.60 69.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.50 679.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 679.60 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 679.60 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 679.60 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 679.60 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 679.60 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 649.60 233.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 282.50 649.60 69.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.50 649.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 649.60 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 649.60 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 649.60 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 649.60 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 649.60 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 619.60 233.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 282.50 619.60 69.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.50 619.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 619.60 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 619.60 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 619.60 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 619.60 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 619.60 61.00 -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 282.5 693.6 m 351.5 693.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351.5 693.6 m 355.5 693.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 693.6 m 414.5 693.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422.5 693.6 m 494.5 693.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 693.6 m 500.5 693.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 693.6 m 561.5 693.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 282.5 679.6 m 351.5 679.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 679.6 m 414.5 679.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422.5 679.6 m 494.5 679.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 679.6 m 561.5 679.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 282.5 619.6 m 351.5 619.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 619.6 m 414.5 619.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422.5 619.6 m 494.5 619.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 619.6 m 561.5 619.6 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 307.65 698.28 Td (December 31, 2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 452.45 698.28 Td (February 29, 2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 285.60 684.28 Td (GrossAmount) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 363.40 684.28 Td (Per Share) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 427.10 684.28 Td (GrossAmount) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 509.40 684.28 Td (Per Share) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 670.17 Td (Real estate investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.00 669.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.60 669.27 Td (409,065,612) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.00 669.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 669.27 Td (15.41) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.00 669.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.65 669.27 Td (198,232,800) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.00 669.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 669.27 Td (15.45) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 655.17 Td (Other assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.60 654.27 Td (107,610,494) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 654.27 Td (4.05) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.65 654.27 Td (15,066,603) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 654.27 Td (1.17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 640.17 Td (Debt obligations and other liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.30 639.32 Td (\(260,339,982) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.65 639.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.80 639.32 Td (\(9.81) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 639.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.30 639.32 Td (\(97,143,380) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.65 639.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.80 639.32 Td (\(7.57) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 639.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 625.17 Td (Noncontrolling interests) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.80 624.32 Td (\(203,787) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.65 624.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.65 624.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.80 624.32 Td (\(221,277) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.65 624.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.80 624.32 Td (\(0.02) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 624.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 610.17 Td (Estimated NAV) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.00 609.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.60 609.27 Td (256,132,337) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.00 609.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 609.27 Td (9.65) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.00 609.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.65 609.27 Td (115,934,746) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.00 609.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 609.27 Td (9.03) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 595.17 Td (Shares outstanding) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.65 594.27 Td (26,542,648) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.65 594.27 Td (12,832,316) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 566.10 Td (The Company) Tj ET Q q 0 0 0 rg BT 109.71 566.10 Td (s of) Tj ET Q q 0 0 0 rg BT 124.25 566.10 Td (fering prices per Class ) Tj ET Q q 0 0 0 rg BT 215.89 566.10 Td (A) Tj ET Q q 0 0 0 rg BT 222.56 566.10 Td ( Share and Class ) Tj ET Q q 0 0 0 rg BT 291.26 566.10 Td (T) Tj ET Q q 0 0 0 rg BT 297.19 566.10 Td ( Share are calculated as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 528.60 418.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 528.60 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 528.60 86.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 498.60 418.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 498.60 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 498.60 86.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 468.60 418.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 468.60 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 468.60 86.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 438.60 418.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 438.60 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 438.60 86.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 408.60 418.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 408.60 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 408.60 86.00 -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 475.5 483.6 m 561.5 483.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 469.6 m 561.5 469.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 467.6 m 561.5 467.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 393.6 m 561.5 393.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 379.6 m 561.5 379.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 377.6 m 561.5 377.6 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.00 534.16 Td (Class A Shares:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 519.17 Td (Estimated NAV) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.00 518.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 518.27 Td (9.65) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 504.17 Td (Costs of raising capital) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 503.27 Td (1.15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 489.17 Td (Advisor Payment of a Portion of the Dealer Manager Fees) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.80 488.32 Td (\(0.16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 488.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 474.17 Td (Offering price per Class A Share) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.00 473.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 473.27 Td (10.64) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.00 444.16 Td (Class T Shares:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 429.17 Td (Estimated NAV) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.00 428.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 428.27 Td (9.65) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 414.17 Td (Costs of raising capital) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 413.27 Td (0.56) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 399.17 Td (Advisor Payment of a Portion of the Dealer Manager Fees) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.80 398.32 Td (\(0.15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 398.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 384.17 Td (Offering price per Class T Share) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.00 383.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 383.27 Td (10.06) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 355.10 Td (The ) Tj ET Q q 0 0 0 rg BT 86.48 355.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 126.62 355.10 Td (committee ) Tj ET Q q 0 0 0 rg BT 171.75 355.10 Td (and ) Tj ET Q q 0 0 0 rg BT 189.12 355.10 Td (our ) Tj ET Q q 0 0 0 rg BT 205.38 355.10 Td (board ) Tj ET Q q 0 0 0 rg BT 231.08 355.10 Td (of ) Tj ET Q q 0 0 0 rg BT 242.34 355.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 280.26 355.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 328.17 355.10 Td (the ) Tj ET Q q 0 0 0 rg BT 343.31 355.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 384.56 355.10 Td (NA) Tj ET Q q 0 0 0 rg BT 397.72 355.10 Td (V) Tj ET Q q 0 0 0 rg BT 404.76 355.10 Td ( ) Tj ET Q q 0 0 0 rg BT 407.69 355.10 Td (per ) Tj ET Q q 0 0 0 rg BT 423.39 355.10 Td (share ) Tj ET Q q 0 0 0 rg BT 447.41 355.10 Td (by ) Tj ET Q q 0 0 0 rg BT 460.34 355.10 Td (\(i\)utilizing ) Tj ET Q q 0 0 0 rg BT 508.54 355.10 Td (the ) Tj ET Q q 0 0 0 rg BT 523.69 355.10 Td (appraised ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 343.10 Td (values ) Tj ET Q q 0 0 0 rg BT 77.31 343.10 Td (of ) Tj ET Q q 0 0 0 rg BT 87.40 343.10 Td (our ) Tj ET Q q 0 0 0 rg BT 102.49 343.10 Td (real ) Tj ET Q q 0 0 0 rg BT 119.24 343.10 Td (estate ) Tj ET Q q 0 0 0 rg BT 143.76 343.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 193.30 343.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.39 343.10 Td ($409.1 ) Tj ET Q q 0 0 0 rg BT 232.65 343.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.54 343.10 Td ( ) Tj ET Q q 0 0 0 rg BT 263.31 343.10 Td (and ) Tj ET Q q 0 0 0 rg BT 279.51 343.10 Td (adding ) Tj ET Q q 0 0 0 rg BT 308.49 343.10 Td (our ) Tj ET Q q 0 0 0 rg BT 323.58 343.10 Td (other ) Tj ET Q q 0 0 0 rg BT 345.89 343.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 370.98 343.10 Td (\(comprised ) Tj ET Q q 0 0 0 rg BT 417.72 343.10 Td (of ) Tj ET Q q 0 0 0 rg BT 427.82 343.10 Td (cash, ) Tj ET Q q 0 0 0 rg BT 449.85 343.10 Td (tenant ) Tj ET Q q 0 0 0 rg BT 476.04 343.10 Td (and ) Tj ET Q q 0 0 0 rg BT 492.24 343.10 Td (other ) Tj ET Q q 0 0 0 rg BT 514.55 343.10 Td (receivables, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 331.10 Td (deposits ) Tj ET Q q 0 0 0 rg BT 85.40 331.10 Td (on ) Tj ET Q q 0 0 0 rg BT 98.01 331.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 144.51 331.10 Td (property ) Tj ET Q q 0 0 0 rg BT 181.01 331.10 Td (and ) Tj ET Q q 0 0 0 rg BT 198.06 331.10 Td (other ) Tj ET Q q 0 0 0 rg BT 221.23 331.10 Td (assets\) ) Tj ET Q q 0 0 0 rg BT 250.50 331.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.45 331.10 Td ($107.6 ) Tj ET Q q 0 0 0 rg BT 291.57 331.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.46 331.10 Td (; ) Tj ET Q q 0 0 0 rg BT 325.85 331.10 Td (\(ii\)subtracting ) Tj ET Q q 0 0 0 rg BT 387.62 331.10 Td (the ) Tj ET Q q 0 0 0 rg BT 402.46 331.10 Td (values ) Tj ET Q q 0 0 0 rg BT 430.62 331.10 Td (of ) Tj ET Q q 0 0 0 rg BT 441.57 331.10 Td (our ) Tj ET Q q 0 0 0 rg BT 457.51 331.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 477.35 331.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 524.41 331.10 Td (and ) Tj ET Q q 0 0 0 rg BT 541.46 331.10 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 319.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 89.58 319.10 Td (comprised ) Tj ET Q q 0 0 0 rg BT 133.59 319.10 Td (of ) Tj ET Q q 0 0 0 rg BT 144.28 319.10 Td (our ) Tj ET Q q 0 0 0 rg BT 159.98 319.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 197.32 319.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 230.78 319.10 Td (and ) Tj ET Q q 0 0 0 rg BT 247.58 319.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 281.02 319.10 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 321.98 319.10 Td (due ) Tj ET Q q 0 0 0 rg BT 338.78 319.10 Td (to ) Tj ET Q q 0 0 0 rg BT 348.92 319.10 Td (af) Tj ET Q q 0 0 0 rg BT 356.51 319.10 Td (filiates, ) Tj ET Q q 0 0 0 rg BT 388.58 319.10 Td (distributions ) Tj ET Q q 0 0 0 rg BT 440.94 319.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 474.40 319.10 Td (and ) Tj ET Q q 0 0 0 rg BT 491.20 319.10 Td (other ) Tj ET Q q 0 0 0 rg BT 514.11 319.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 553.68 319.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 307.10 Td ($260.3 ) Tj ET Q q 0 0 0 rg BT 80.24 307.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.13 307.10 Td (, ) Tj ET Q q 0 0 0 rg BT 114.37 307.10 Td (as ) Tj ET Q q 0 0 0 rg BT 125.44 307.10 Td (well ) Tj ET Q q 0 0 0 rg BT 145.39 307.10 Td (as ) Tj ET Q q 0 0 0 rg BT 156.46 307.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 193.08 307.10 Td (related ) Tj ET Q q 0 0 0 rg BT 223.03 307.10 Td (to ) Tj ET Q q 0 0 0 rg BT 233.54 307.10 Td (noncontrolling ) Tj ET Q q 0 0 0 rg BT 295.16 307.10 Td (interests ) Tj ET Q q 0 0 0 rg BT 331.23 307.10 Td (of ) Tj ET Q q 0 0 0 rg BT 342.29 307.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.79 307.10 Td ($204,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.29 307.10 Td (; ) Tj ET Q q 0 0 0 rg BT 445.81 307.10 Td (and ) Tj ET Q q 0 0 0 rg BT 462.98 307.10 Td (\(iii\)dividing ) Tj ET Q q 0 0 0 rg BT 516.55 307.10 Td (the ) Tj ET Q q 0 0 0 rg BT 531.51 307.10 Td (total ) Tj ET Q q 0 0 0 rg BT 552.02 307.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 295.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.48 295.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 91.73 295.10 Td (of ) Tj ET Q q 0 0 0 rg BT 102.32 295.10 Td (our ) Tj ET Q q 0 0 0 rg BT 117.91 295.10 Td (common ) Tj ET Q q 0 0 0 rg BT 155.17 295.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 178.54 295.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 227.46 295.10 Td (as ) Tj ET Q q 0 0 0 rg BT 238.05 295.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.64 295.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 306.99 295.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.99 295.10 Td ( ) Tj ET Q q 0 0 0 rg BT 329.25 295.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.84 295.10 Td (26.5 ) Tj ET Q q 0 0 0 rg BT 359.60 295.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.49 295.10 Td (, ) Tj ET Q q 0 0 0 rg BT 393.25 295.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 430.51 295.10 Td (in ) Tj ET Q q 0 0 0 rg BT 440.55 295.10 Td (an ) Tj ET Q q 0 0 0 rg BT 452.25 295.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 492.83 295.10 Td (NA) Tj ET Q q 0 0 0 rg BT 505.98 295.10 Td (V) Tj ET Q q 0 0 0 rg BT 513.02 295.10 Td ( ) Tj ET Q q 0 0 0 rg BT 515.28 295.10 Td (per ) Tj ET Q q 0 0 0 rg BT 530.31 295.10 Td (share ) Tj ET Q q 0 0 0 rg BT 553.67 295.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 283.10 Td ($9.65) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 283.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 259.10 Td (The ) Tj ET Q q 0 0 0 rg BT 86.24 259.10 Td (primary ) Tj ET Q q 0 0 0 rg BT 120.59 259.10 Td (drivers ) Tj ET Q q 0 0 0 rg BT 151.06 259.10 Td (of ) Tj ET Q q 0 0 0 rg BT 162.08 259.10 Td (the ) Tj ET Q q 0 0 0 rg BT 176.99 259.10 Td (change ) Tj ET Q q 0 0 0 rg BT 208.00 259.10 Td (in ) Tj ET Q q 0 0 0 rg BT 218.48 259.10 Td (the ) Tj ET Q q 0 0 0 rg BT 233.39 259.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 274.41 259.10 Td (NA) Tj ET Q q 0 0 0 rg BT 287.56 259.10 Td (V) Tj ET Q q 0 0 0 rg BT 294.60 259.10 Td ( ) Tj ET Q q 0 0 0 rg BT 297.30 259.10 Td (per ) Tj ET Q q 0 0 0 rg BT 312.76 259.10 Td (share ) Tj ET Q q 0 0 0 rg BT 336.55 259.10 Td (value ) Tj ET Q q 0 0 0 rg BT 360.91 259.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.04 259.10 Td ($9.03) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.54 259.10 Td ( ) Tj ET Q q 0 0 0 rg BT 408.23 259.10 Td (as ) Tj ET Q q 0 0 0 rg BT 419.26 259.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.29 259.10 Td (February ) Tj ET Q q 0 0 0 rg BT 469.08 259.10 Td (29, ) Tj ET Q q 0 0 0 rg BT 484.27 259.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.27 259.10 Td ( ) Tj ET Q q 0 0 0 rg BT 506.97 259.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.44 259.10 Td ($9.65) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.94 259.10 Td ( ) Tj ET Q q 0 0 0 rg BT 542.64 259.10 Td (as ) Tj ET Q q 0 0 0 rg BT 553.66 259.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 247.10 Td (December ) Tj ET Q q 0 0 0 rg BT 93.58 247.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 108.58 247.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 247.10 Td ( ) Tj ET Q q 0 0 0 rg BT 131.08 247.10 Td (are ) Tj ET Q q 0 0 0 rg BT 145.79 247.10 Td (as ) Tj ET Q q 0 0 0 rg BT 156.62 247.10 Td (follows:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 223.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 223.10 Td ($0.93) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.50 223.10 Td ( ) Tj ET Q q 0 0 0 rg BT 111.09 223.10 Td (per ) Tj ET Q q 0 0 0 rg BT 126.45 223.10 Td (share ) Tj ET Q q 0 0 0 rg BT 150.15 223.10 Td (net ) Tj ET Q q 0 0 0 rg BT 164.96 223.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 200.30 223.10 Td (in ) Tj ET Q q 0 0 0 rg BT 210.67 223.10 Td (the ) Tj ET Q q 0 0 0 rg BT 225.48 223.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 266.94 223.10 Td (value ) Tj ET Q q 0 0 0 rg BT 291.19 223.10 Td (of ) Tj ET Q q 0 0 0 rg BT 302.11 223.10 Td (our ) Tj ET Q q 0 0 0 rg BT 318.03 223.10 Td (real ) Tj ET Q q 0 0 0 rg BT 335.61 223.10 Td (estate ) Tj ET Q q 0 0 0 rg BT 360.97 223.10 Td (investments, ) Tj ET Q q 0 0 0 rg BT 413.83 223.10 Td (which ) Tj ET Q q 0 0 0 rg BT 440.86 223.10 Td (represents ) Tj ET Q q 0 0 0 rg BT 483.99 223.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.02 223.10 Td (6.4%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.85 223.10 Td ( ) Tj ET Q q 0 0 0 rg BT 514.45 223.10 Td (net ) Tj ET Q q 0 0 0 rg BT 529.26 223.10 Td (increase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 211.10 Td (in ) Tj ET Q q 0 0 0 rg BT 96.28 211.10 Td (value;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 187.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 187.10 Td ($0.21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.50 187.10 Td ( ) Tj ET Q q 0 0 0 rg BT 111.00 187.10 Td (per ) Tj ET Q q 0 0 0 rg BT 126.27 187.10 Td (share ) Tj ET Q q 0 0 0 rg BT 149.87 187.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 190.13 187.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 227.63 187.10 Td (from ) Tj ET Q q 0 0 0 rg BT 249.56 187.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 295.95 187.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 314.54 187.10 Td (and ) Tj ET Q q 0 0 0 rg BT 331.48 187.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 370.08 187.10 Td (related ) Tj ET Q q 0 0 0 rg BT 399.78 187.10 Td (to ) Tj ET Q q 0 0 0 rg BT 410.06 187.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 452.55 187.10 Td (that ) Tj ET Q q 0 0 0 rg BT 470.04 187.10 Td (we ) Tj ET Q q 0 0 0 rg BT 484.20 187.10 Td (have ) Tj ET Q q 0 0 0 rg BT 505.58 187.10 Td (acquired;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 163.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 163.10 Td ($0.15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.50 163.10 Td ( ) Tj ET Q q 0 0 0 rg BT 111.00 163.10 Td (per ) Tj ET Q q 0 0 0 rg BT 126.27 163.10 Td (share ) Tj ET Q q 0 0 0 rg BT 149.87 163.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 185.12 163.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 222.62 163.10 Td (from ) Tj ET Q q 0 0 0 rg BT 244.55 163.10 Td (an ) Tj ET Q q 0 0 0 rg BT 256.49 163.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 291.75 163.10 Td (in ) Tj ET Q q 0 0 0 rg BT 302.03 163.10 Td (the ) Tj ET Q q 0 0 0 rg BT 316.74 163.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 333.12 163.10 Td (market ) Tj ET Q q 0 0 0 rg BT 363.38 163.10 Td (value ) Tj ET Q q 0 0 0 rg BT 387.54 163.10 Td (of ) Tj ET Q q 0 0 0 rg BT 398.37 163.10 Td (our ) Tj ET Q q 0 0 0 rg BT 414.20 163.10 Td (debt;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 139.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 139.10 Td ($0.10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.50 139.10 Td ( ) Tj ET Q q 0 0 0 rg BT 111.00 139.10 Td (per ) Tj ET Q q 0 0 0 rg BT 126.27 139.10 Td (share ) Tj ET Q q 0 0 0 rg BT 149.87 139.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 190.13 139.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 227.63 139.10 Td (from ) Tj ET Q q 0 0 0 rg BT 249.56 139.10 Td (the ) Tj ET Q q 0 0 0 rg BT 264.28 139.10 Td (ef) Tj ET Q q 0 0 0 rg BT 271.87 139.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 289.35 139.10 Td (of ) Tj ET Q q 0 0 0 rg BT 300.18 139.10 Td (devaluation ) Tj ET Q q 0 0 0 rg BT 349.33 139.10 Td (of ) Tj ET Q q 0 0 0 rg BT 360.17 139.10 Td (the ) Tj ET Q q 0 0 0 rg BT 374.88 139.10 Td (Euro ) Tj ET Q q 0 0 0 rg BT 396.82 139.10 Td (against ) Tj ET Q q 0 0 0 rg BT 427.65 139.10 Td (the ) Tj ET Q q 0 0 0 rg BT 442.36 139.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 462.65 139.10 Td (dollar; ) Tj ET Q q 0 0 0 rg BT 491.25 139.10 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 115.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 115.10 Td ($0.07) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.50 115.10 Td ( ) Tj ET Q q 0 0 0 rg BT 111.00 115.10 Td (per ) Tj ET Q q 0 0 0 rg BT 126.27 115.10 Td (share ) Tj ET Q q 0 0 0 rg BT 149.87 115.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 190.13 115.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 227.63 115.10 Td (from ) Tj ET Q q 0 0 0 rg BT 249.56 115.10 Td (the ) Tj ET Q q 0 0 0 rg BT 264.28 115.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 301.21 115.10 Td (of ) Tj ET Q q 0 0 0 rg BT 312.04 115.10 Td (issuer ) Tj ET Q q 0 0 0 rg BT 337.88 115.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 360.38 115.10 Td (in ) Tj ET Q q 0 0 0 rg BT 370.65 115.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 399.25 115.10 Td (of ) Tj ET Q q 0 0 0 rg BT 410.08 115.10 Td (our ) Tj ET Q q 0 0 0 rg BT 425.91 115.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 466.73 115.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 485.34 115.10 Td (of ) Tj ET Q q 0 0 0 rg BT 496.17 115.10 Td (raising ) Tj ET Q q 0 0 0 rg BT 525.89 115.10 Td (capital.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 91.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 117.90 91.10 Td (, ) Tj ET Q q 0 0 0 rg BT 122.82 91.10 Td (our ) Tj ET Q q 0 0 0 rg BT 138.57 91.10 Td (board ) Tj ET Q q 0 0 0 rg BT 163.76 91.10 Td (of ) Tj ET Q q 0 0 0 rg BT 174.51 91.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 211.92 91.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 257.66 91.10 Td (the ) Tj ET Q q 0 0 0 rg BT 272.29 91.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 294.72 91.10 Td (and ) Tj ET Q q 0 0 0 rg BT 311.58 91.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 350.09 91.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 393.61 91.10 Td (with ) Tj ET Q q 0 0 0 rg BT 413.81 91.10 Td (raising ) Tj ET Q q 0 0 0 rg BT 443.45 91.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 470.86 91.10 Td (in ) Tj ET Q q 0 0 0 rg BT 481.06 91.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 527.35 91.10 Td (with ) Tj ET Q q 0 0 0 rg BT 547.55 91.10 Td (this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 79.10 Td (of) Tj ET Q q 0 0 0 rg BT 58.15 79.10 Td (fering, ) Tj ET Q q 0 0 0 rg BT 87.24 79.10 Td (consisting ) Tj ET Q q 0 0 0 rg BT 130.50 79.10 Td (of ) Tj ET Q q 0 0 0 rg BT 141.54 79.10 Td (selling ) Tj ET Q q 0 0 0 rg BT 170.91 79.10 Td (commissions, ) Tj ET Q q 0 0 0 rg BT 228.35 79.10 Td (dealer ) Tj ET Q q 0 0 0 rg BT 255.48 79.10 Td (manager ) Tj ET Q q 0 0 0 rg BT 292.62 79.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 311.42 79.10 Td (and ) Tj ET Q q 0 0 0 rg BT 328.57 79.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 369.60 79.10 Td (issuer ) Tj ET Q q 0 0 0 rg BT 395.64 79.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 420.85 79.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 458.55 79.10 Td (in ) Tj ET Q q 0 0 0 rg BT 469.04 79.10 Td (primary ) Tj ET Q q 0 0 0 rg BT 503.40 79.10 Td (of) Tj ET Q q 0 0 0 rg BT 511.55 79.10 Td (fering ) Tj ET Q q 0 0 0 rg BT 538.14 79.10 Td (prices ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 67.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.19 67.10 Td ($10.64) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.69 67.10 Td ( ) Tj ET Q q 0 0 0 rg BT 91.56 67.10 Td (per ) Tj ET Q q 0 0 0 rg BT 107.19 67.10 Td (Class ) Tj ET Q q 0 0 0 rg BT 131.09 67.10 Td (A) Tj ET Q q 0 0 0 rg BT 137.76 67.10 Td ( ) Tj ET Q q 0 0 0 rg BT 140.62 67.10 Td (Share ) Tj ET Q q 0 0 0 rg BT 166.25 67.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.55 67.10 Td ($10.06) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.05 67.10 Td ( ) Tj ET Q q 0 0 0 rg BT 213.92 67.10 Td (per ) Tj ET Q q 0 0 0 rg BT 229.55 67.10 Td (Class ) Tj ET Q q 0 0 0 rg BT 253.87 67.10 Td (T) Tj ET Q q 0 0 0 rg BT 259.80 67.10 Td ( ) Tj ET Q q 0 0 0 rg BT 262.66 67.10 Td (Share, ) Tj ET Q q 0 0 0 rg BT 290.79 67.10 Td (which ) Tj ET Q q 0 0 0 rg BT 318.10 67.10 Td (reflect ) Tj ET Q q 0 0 0 rg BT 346.49 67.10 Td (an ) Tj ET Q q 0 0 0 rg BT 358.79 67.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 394.41 67.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.60 67.10 Td ($0.68) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.10 67.10 Td ( ) Tj ET Q q 0 0 0 rg BT 430.96 67.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.27 67.10 Td ($0.65) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.77 67.10 Td (, ) Tj ET Q q 0 0 0 rg BT 476.13 67.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 523.79 67.10 Td (, ) Tj ET Q q 0 0 0 rg BT 529.15 67.10 Td (over ) Tj ET Q q 0 0 0 rg BT 549.78 67.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 55.10 Td (previous ) Tj ET Q q 0 0 0 rg BT 86.94 55.10 Td (primary ) Tj ET Q q 0 0 0 rg BT 121.09 55.10 Td (of) Tj ET Q q 0 0 0 rg BT 129.24 55.10 Td (fering ) Tj ET Q q 0 0 0 rg BT 155.62 55.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 182.00 55.10 Td (of ) Tj ET Q q 0 0 0 rg BT 192.83 55.10 Td (our ) Tj ET Q q 0 0 0 rg BT 208.66 55.10 Td (Class ) Tj ET Q q 0 0 0 rg BT 232.28 55.10 Td (A) Tj ET Q q 0 0 0 rg BT 238.95 55.10 Td ( ) Tj ET Q q 0 0 0 rg BT 241.45 55.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 270.61 55.10 Td (and ) Tj ET Q q 0 0 0 rg BT 287.54 55.10 Td (Class ) Tj ET Q q 0 0 0 rg BT 311.53 55.10 Td (T) Tj ET Q q 0 0 0 rg BT 317.46 55.10 Td ( ) Tj ET Q q 0 0 0 rg BT 319.96 55.10 Td (Shares.) Tj ET Q endstream endobj 9 0 obj <> endobj 10 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 730.10 Td (The ) Tj ET Q q 0 0 0 rg BT 85.90 730.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 126.57 730.10 Td (NA) Tj ET Q q 0 0 0 rg BT 139.72 730.10 Td (V) Tj ET Q q 0 0 0 rg BT 146.76 730.10 Td ( ) Tj ET Q q 0 0 0 rg BT 149.12 730.10 Td (per ) Tj ET Q q 0 0 0 rg BT 164.24 730.10 Td (share ) Tj ET Q q 0 0 0 rg BT 187.69 730.10 Td (does ) Tj ET Q q 0 0 0 rg BT 208.37 730.10 Td (not ) Tj ET Q q 0 0 0 rg BT 223.50 730.10 Td (reflect ) Tj ET Q q 0 0 0 rg BT 251.38 730.10 Td (any ) Tj ET Q q 0 0 0 rg BT 268.17 730.10 Td (distribution ) Tj ET Q q 0 0 0 rg BT 316.63 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 333.42 730.10 Td (stockholder ) Tj ET Q q 0 0 0 rg BT 382.43 730.10 Td (servicing ) Tj ET Q q 0 0 0 rg BT 421.44 730.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 439.88 730.10 Td (that ) Tj ET Q q 0 0 0 rg BT 457.23 730.10 Td (may ) Tj ET Q q 0 0 0 rg BT 476.80 730.10 Td (become ) Tj ET Q q 0 0 0 rg BT 510.24 730.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 543.69 730.10 Td (after ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 108.46 718.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.46 718.10 Td (, ) Tj ET Q q 0 0 0 rg BT 133.33 718.10 Td (which ) Tj ET Q q 0 0 0 rg BT 160.14 718.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 178.61 718.10 Td (may ) Tj ET Q q 0 0 0 rg BT 198.20 718.10 Td (not ) Tj ET Q q 0 0 0 rg BT 213.35 718.10 Td (ultimately ) Tj ET Q q 0 0 0 rg BT 256.27 718.10 Td (be ) Tj ET Q q 0 0 0 rg BT 268.09 718.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 287.68 718.10 Td (in ) Tj ET Q q 0 0 0 rg BT 297.83 718.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 327.40 718.10 Td (circumstances, ) Tj ET Q q 0 0 0 rg BT 388.92 718.10 Td (including ) Tj ET Q q 0 0 0 rg BT 429.06 718.10 Td (if ) Tj ET Q q 0 0 0 rg BT 437.54 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 452.13 718.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 493.39 718.10 Td (was ) Tj ET Q q 0 0 0 rg BT 511.32 718.10 Td (liquidated ) Tj ET Q q 0 0 0 rg BT 553.68 718.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (if ) Tj ET Q q 0 0 0 rg BT 58.90 706.10 Td (there ) Tj ET Q q 0 0 0 rg BT 81.68 706.10 Td (was ) Tj ET Q q 0 0 0 rg BT 100.03 706.10 Td (a ) Tj ET Q q 0 0 0 rg BT 107.27 706.10 Td (listing ) Tj ET Q q 0 0 0 rg BT 135.07 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 146.19 706.10 Td (our ) Tj ET Q q 0 0 0 rg BT 162.32 706.10 Td (common ) Tj ET Q q 0 0 0 rg BT 200.11 706.10 Td (stock. ) Tj ET Q q 0 0 0 rg BT 226.51 706.10 Td ( ) Tj ET Q q 0 0 0 rg BT 229.10 706.10 Td (W) Tj ET Q q 0 0 0 rg BT 237.74 706.10 Td (e ) Tj ET Q q 0 0 0 rg BT 244.98 706.10 Td (have ) Tj ET Q q 0 0 0 rg BT 266.65 706.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 307.76 706.10 Td (that ) Tj ET Q q 0 0 0 rg BT 325.55 706.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 386.11 706.10 Td ($4.6 ) Tj ET Q q 0 0 0 rg BT 406.40 706.10 Td (million ) Tj ET Q q 0 0 0 rg BT 438.09 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 449.22 706.10 Td (distribution ) Tj ET Q q 0 0 0 rg BT 498.13 706.10 Td (and ) Tj ET Q q 0 0 0 rg BT 515.36 706.10 Td (shareholder ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (servicing ) Tj ET Q q 0 0 0 rg BT 88.71 694.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 106.87 694.10 Td (were ) Tj ET Q q 0 0 0 rg BT 128.36 694.10 Td (potentially ) Tj ET Q q 0 0 0 rg BT 173.18 694.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 206.34 694.10 Td (in ) Tj ET Q q 0 0 0 rg BT 216.17 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 230.45 694.10 Td (future ) Tj ET Q q 0 0 0 rg BT 256.38 694.10 Td (with ) Tj ET Q q 0 0 0 rg BT 276.22 694.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 306.59 694.10 Td (to ) Tj ET Q q 0 0 0 rg BT 316.43 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 330.70 694.10 Td (Class ) Tj ET Q q 0 0 0 rg BT 354.28 694.10 Td (T) Tj ET Q q 0 0 0 rg BT 360.21 694.10 Td ( ) Tj ET Q q 0 0 0 rg BT 362.27 694.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 390.99 694.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 439.71 694.10 Td (as ) Tj ET Q q 0 0 0 rg BT 450.10 694.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.49 694.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 518.63 694.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.63 694.10 Td (. ) Tj ET Q q 0 0 0 rg BT 543.19 694.10 Td ( ) Tj ET Q q 0 0 0 rg BT 544.79 694.10 Td (Any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 91.53 682.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 125.84 682.10 Td (for ) Tj ET Q q 0 0 0 rg BT 140.71 682.10 Td (future ) Tj ET Q q 0 0 0 rg BT 167.79 682.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 205.99 682.10 Td (distribution ) Tj ET Q q 0 0 0 rg BT 255.31 682.10 Td (and ) Tj ET Q q 0 0 0 rg BT 272.96 682.10 Td (stockholder ) Tj ET Q q 0 0 0 rg BT 322.82 682.10 Td (servicing ) Tj ET Q q 0 0 0 rg BT 362.68 682.10 Td (fees, ) Tj ET Q q 0 0 0 rg BT 384.49 682.10 Td (which ) Tj ET Q q 0 0 0 rg BT 412.13 682.10 Td (will ) Tj ET Q q 0 0 0 rg BT 430.90 682.10 Td (be ) Tj ET Q q 0 0 0 rg BT 443.54 682.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 477.83 682.10 Td (under ) Tj ET Q q 0 0 0 rg BT 503.81 682.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 524.80 682.10 Td (generally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (accepted ) Tj ET Q q 0 0 0 rg BT 87.08 670.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 133.07 670.10 Td (principles ) Tj ET Q q 0 0 0 rg BT 174.62 670.10 Td (at ) Tj ET Q q 0 0 0 rg BT 183.95 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 198.28 670.10 Td (time ) Tj ET Q q 0 0 0 rg BT 218.16 670.10 Td (each ) Tj ET Q q 0 0 0 rg BT 238.59 670.10 Td (Class ) Tj ET Q q 0 0 0 rg BT 262.22 670.10 Td (T) Tj ET Q q 0 0 0 rg BT 268.15 670.10 Td ( ) Tj ET Q q 0 0 0 rg BT 270.26 670.10 Td (Share ) Tj ET Q q 0 0 0 rg BT 295.15 670.10 Td (is ) Tj ET Q q 0 0 0 rg BT 303.93 670.10 Td (sold, ) Tj ET Q q 0 0 0 rg BT 325.21 670.10 Td (will ) Tj ET Q q 0 0 0 rg BT 342.88 670.10 Td (not ) Tj ET Q q 0 0 0 rg BT 357.77 670.10 Td (be ) Tj ET Q q 0 0 0 rg BT 369.32 670.10 Td (reflected ) Tj ET Q q 0 0 0 rg BT 406.41 670.10 Td (in ) Tj ET Q q 0 0 0 rg BT 416.30 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 430.63 670.10 Td (calculation ) Tj ET Q q 0 0 0 rg BT 476.61 670.10 Td (of ) Tj ET Q q 0 0 0 rg BT 487.05 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 501.38 670.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 541.82 670.10 Td (NA) Tj ET Q q 0 0 0 rg BT 554.97 670.10 Td (V) Tj ET Q q 0 0 0 rg BT 562.01 670.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (per ) Tj ET Q q 0 0 0 rg BT 64.90 658.10 Td (share. ) Tj ET Q q 0 0 0 rg BT 90.63 658.10 Td ( ) Tj ET Q q 0 0 0 rg BT 92.29 658.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 141.63 658.10 Td (, ) Tj ET Q q 0 0 0 rg BT 146.26 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 160.61 658.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 201.07 658.10 Td (NA) Tj ET Q q 0 0 0 rg BT 214.22 658.10 Td (V) Tj ET Q q 0 0 0 rg BT 221.26 658.10 Td ( ) Tj ET Q q 0 0 0 rg BT 223.39 658.10 Td (per ) Tj ET Q q 0 0 0 rg BT 238.30 658.10 Td (share ) Tj ET Q q 0 0 0 rg BT 261.53 658.10 Td (as ) Tj ET Q q 0 0 0 rg BT 271.99 658.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.45 658.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 340.67 658.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.67 658.10 Td ( ) Tj ET Q q 0 0 0 rg BT 362.80 658.10 Td (does ) Tj ET Q q 0 0 0 rg BT 383.27 658.10 Td (not ) Tj ET Q q 0 0 0 rg BT 398.18 658.10 Td (reflect ) Tj ET Q q 0 0 0 rg BT 425.84 658.10 Td (any ) Tj ET Q q 0 0 0 rg BT 442.41 658.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 478.43 658.10 Td (related ) Tj ET Q q 0 0 0 rg BT 507.77 658.10 Td (to ) Tj ET Q q 0 0 0 rg BT 517.68 658.10 Td (such ) Tj ET Q q 0 0 0 rg BT 538.14 658.10 Td (future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (distribution ) Tj ET Q q 0 0 0 rg BT 98.61 646.10 Td (and ) Tj ET Q q 0 0 0 rg BT 115.55 646.10 Td (stockholder ) Tj ET Q q 0 0 0 rg BT 164.71 646.10 Td (servicing ) Tj ET Q q 0 0 0 rg BT 203.86 646.10 Td (fees.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 622.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 93.43 622.10 Td (than ) Tj ET Q q 0 0 0 rg BT 113.32 622.10 Td (with ) Tj ET Q q 0 0 0 rg BT 133.76 622.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 164.74 622.10 Td (to ) Tj ET Q q 0 0 0 rg BT 175.19 622.10 Td (the ) Tj ET Q q 0 0 0 rg BT 190.07 622.10 Td (appraised ) Tj ET Q q 0 0 0 rg BT 231.05 622.10 Td (values ) Tj ET Q q 0 0 0 rg BT 259.26 622.10 Td (of ) Tj ET Q q 0 0 0 rg BT 270.26 622.10 Td (our ) Tj ET Q q 0 0 0 rg BT 286.26 622.10 Td (real ) Tj ET Q q 0 0 0 rg BT 303.91 622.10 Td (estate ) Tj ET Q q 0 0 0 rg BT 329.34 622.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 379.78 622.10 Td (and ) Tj ET Q q 0 0 0 rg BT 396.88 622.10 Td (values ) Tj ET Q q 0 0 0 rg BT 425.09 622.10 Td (of ) Tj ET Q q 0 0 0 rg BT 436.09 622.10 Td (our ) Tj ET Q q 0 0 0 rg BT 452.09 622.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 471.97 622.10 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 521.58 622.10 Td (the ) Tj ET Q q 0 0 0 rg BT 536.46 622.10 Td (values ) Tj ET Q BT /F1 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 61.67 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 77.24 610.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 103.91 610.10 Td (and ) Tj ET Q q 0 0 0 rg BT 121.69 610.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 162.26 610.10 Td (described ) Tj ET Q q 0 0 0 rg BT 203.92 610.10 Td (above ) Tj ET Q q 0 0 0 rg BT 231.14 610.10 Td (were ) Tj ET Q q 0 0 0 rg BT 253.91 610.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 302.24 610.10 Td (based ) Tj ET Q q 0 0 0 rg BT 328.35 610.10 Td (on ) Tj ET Q q 0 0 0 rg BT 341.69 610.10 Td (their ) Tj ET Q q 0 0 0 rg BT 363.36 610.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 382.82 610.10 Td (as ) Tj ET Q q 0 0 0 rg BT 394.49 610.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.17 610.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 465.60 610.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.60 610.10 Td (. ) Tj ET Q q 0 0 0 rg BT 491.44 610.10 Td ( ) Tj ET Q q 0 0 0 rg BT 494.05 610.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 543.95 610.10 Td (, ) Tj ET Q q 0 0 0 rg BT 549.79 610.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (calculation ) Tj ET Q q 0 0 0 rg BT 95.93 598.10 Td (of ) Tj ET Q q 0 0 0 rg BT 106.33 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 120.61 598.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 161.00 598.10 Td (NA) Tj ET Q q 0 0 0 rg BT 174.15 598.10 Td (V) Tj ET Q q 0 0 0 rg BT 181.19 598.10 Td ( ) Tj ET Q q 0 0 0 rg BT 183.26 598.10 Td (per ) Tj ET Q q 0 0 0 rg BT 198.09 598.10 Td (share ) Tj ET Q q 0 0 0 rg BT 221.25 598.10 Td (excluded ) Tj ET Q q 0 0 0 rg BT 259.41 598.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 288.68 598.10 Td (items ) Tj ET Q q 0 0 0 rg BT 312.41 598.10 Td (on ) Tj ET Q q 0 0 0 rg BT 324.48 598.10 Td (our ) Tj ET Q q 0 0 0 rg BT 339.87 598.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 392.48 598.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 425.08 598.10 Td (sheet ) Tj ET Q q 0 0 0 rg BT 447.69 598.10 Td (that ) Tj ET Q q 0 0 0 rg BT 464.75 598.10 Td (were ) Tj ET Q q 0 0 0 rg BT 486.25 598.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 533.29 598.10 Td (to ) Tj ET Q q 0 0 0 rg BT 543.13 598.10 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (no ) Tj ET Q q 0 0 0 rg BT 62.71 586.10 Td (future ) Tj ET Q q 0 0 0 rg BT 89.30 586.10 Td (value ) Tj ET Q q 0 0 0 rg BT 113.67 586.10 Td (or ) Tj ET Q q 0 0 0 rg BT 124.71 586.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 166.29 586.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 196.21 586.10 Td (on ) Tj ET Q q 0 0 0 rg BT 208.93 586.10 Td (the ) Tj ET Q q 0 0 0 rg BT 223.85 586.10 Td (valuation. ) Tj ET Q q 0 0 0 rg BT 266.28 586.10 Td (Examples ) Tj ET Q q 0 0 0 rg BT 308.42 586.10 Td (include ) Tj ET Q q 0 0 0 rg BT 340.57 586.10 Td (receivables ) Tj ET Q q 0 0 0 rg BT 388.25 586.10 Td (related ) Tj ET Q q 0 0 0 rg BT 418.16 586.10 Td (to ) Tj ET Q q 0 0 0 rg BT 428.65 586.10 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 479.69 586.10 Td (rental ) Tj ET Q q 0 0 0 rg BT 505.16 586.10 Td (revenue, ) Tj ET Q q 0 0 0 rg BT 542.02 586.10 Td (costs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 85.41 574.10 Td (to ) Tj ET Q q 0 0 0 rg BT 95.27 574.10 Td (put ) Tj ET Q q 0 0 0 rg BT 110.14 574.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 129.45 574.10 Td (in ) Tj ET Q q 0 0 0 rg BT 139.32 574.10 Td (place ) Tj ET Q q 0 0 0 rg BT 162.50 574.10 Td (and ) Tj ET Q q 0 0 0 rg BT 179.03 574.10 Td (issuer ) Tj ET Q q 0 0 0 rg BT 204.45 574.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 226.54 574.10 Td (in ) Tj ET Q q 0 0 0 rg BT 236.41 574.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 264.59 574.10 Td (of ) Tj ET Q q 0 0 0 rg BT 275.01 574.10 Td (our ) Tj ET Q q 0 0 0 rg BT 290.43 574.10 Td (2.5% ) Tj ET Q q 0 0 0 rg BT 313.35 574.10 Td (cap ) Tj ET Q q 0 0 0 rg BT 329.32 574.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 362.50 574.10 Td (to ) Tj ET Q q 0 0 0 rg BT 372.37 574.10 Td (Hines ) Tj ET Q q 0 0 0 rg BT 397.79 574.10 Td (Global ) Tj ET Q q 0 0 0 rg BT 427.10 574.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 449.14 574.10 Td ( ) Tj ET Q q 0 0 0 rg BT 451.23 574.10 Td (II ) Tj ET Q q 0 0 0 rg BT 459.51 574.10 Td (Advisors ) Tj ET Q q 0 0 0 rg BT 497.72 574.10 Td (LP) Tj ET Q q 0 0 0 rg BT 508.28 574.10 Td (, ) Tj ET Q q 0 0 0 rg BT 512.87 574.10 Td (our ) Tj ET Q q 0 0 0 rg BT 527.83 574.10 Td (Advisor) Tj ET Q q 0 0 0 rg BT 559.50 574.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 75.27 562.10 Td (items ) Tj ET Q q 0 0 0 rg BT 99.43 562.10 Td (were ) Tj ET Q q 0 0 0 rg BT 121.36 562.10 Td (excluded ) Tj ET Q q 0 0 0 rg BT 159.96 562.10 Td (because ) Tj ET Q q 0 0 0 rg BT 194.10 562.10 Td (they ) Tj ET Q q 0 0 0 rg BT 213.82 562.10 Td (were ) Tj ET Q q 0 0 0 rg BT 235.75 562.10 Td (already ) Tj ET Q q 0 0 0 rg BT 267.67 562.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 313.49 562.10 Td (elsewhere ) Tj ET Q q 0 0 0 rg BT 355.96 562.10 Td (in ) Tj ET Q q 0 0 0 rg BT 366.24 562.10 Td (the ) Tj ET Q q 0 0 0 rg BT 380.96 562.10 Td (valuation. ) Tj ET Q q 0 0 0 rg BT 423.17 562.10 Td ( ) Tj ET Q q 0 0 0 rg BT 425.67 562.10 Td (Examples ) Tj ET Q q 0 0 0 rg BT 467.60 562.10 Td (include ) Tj ET Q q 0 0 0 rg BT 499.54 562.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 542.03 562.10 Td (lease ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 76.34 550.10 Td (and ) Tj ET Q q 0 0 0 rg BT 93.79 550.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 134.01 550.10 Td (related ) Tj ET Q q 0 0 0 rg BT 164.22 550.10 Td (to ) Tj ET Q q 0 0 0 rg BT 175.01 550.10 Td (our ) Tj ET Q q 0 0 0 rg BT 191.35 550.10 Td (real ) Tj ET Q q 0 0 0 rg BT 209.35 550.10 Td (estate ) Tj ET Q q 0 0 0 rg BT 235.12 550.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 285.90 550.10 Td (and ) Tj ET Q q 0 0 0 rg BT 303.35 550.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 326.36 550.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 362.68 550.10 Td (for ) Tj ET Q q 0 0 0 rg BT 377.35 550.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 407.01 550.10 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 461.12 550.10 Td (that ) Tj ET Q q 0 0 0 rg BT 479.12 550.10 Td (were ) Tj ET Q q 0 0 0 rg BT 501.56 550.10 Td (included ) Tj ET Q q 0 0 0 rg BT 539.00 550.10 Td (in ) Tj ET Q q 0 0 0 rg BT 549.79 550.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (appraised ) Tj ET Q q 0 0 0 rg BT 90.82 538.10 Td (values ) Tj ET Q q 0 0 0 rg BT 118.86 538.10 Td (of ) Tj ET Q q 0 0 0 rg BT 129.69 538.10 Td (our ) Tj ET Q q 0 0 0 rg BT 145.52 538.10 Td (real ) Tj ET Q q 0 0 0 rg BT 163.01 538.10 Td (estate ) Tj ET Q q 0 0 0 rg BT 188.27 538.10 Td (investments.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 514.10 Td (The ) Tj ET Q q 0 0 0 rg BT 86.86 514.10 Td (appraised ) Tj ET Q q 0 0 0 rg BT 128.49 514.10 Td (values ) Tj ET Q q 0 0 0 rg BT 157.35 514.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 196.21 514.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.52 514.10 Td (Cushman) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.30 514.10 Td ( ) Tj ET Q q 0 0 0 rg BT 250.61 514.10 Td (described ) Tj ET Q q 0 0 0 rg BT 292.24 514.10 Td (above ) Tj ET Q q 0 0 0 rg BT 319.43 514.10 Td (were ) Tj ET Q q 0 0 0 rg BT 342.17 514.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 390.47 514.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 430.99 514.10 Td (by ) Tj ET Q q 0 0 0 rg BT 444.30 514.10 Td (using ) Tj ET Q q 0 0 0 rg BT 469.29 514.10 Td (methodologies ) Tj ET Q q 0 0 0 rg BT 531.48 514.10 Td (that ) Tj ET Q q 0 0 0 rg BT 549.79 514.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (commonly ) Tj ET Q q 0 0 0 rg BT 94.86 502.10 Td (used ) Tj ET Q q 0 0 0 rg BT 115.27 502.10 Td (in ) Tj ET Q q 0 0 0 rg BT 125.14 502.10 Td (the ) Tj ET Q q 0 0 0 rg BT 139.44 502.10 Td (commercial ) Tj ET Q q 0 0 0 rg BT 188.72 502.10 Td (real ) Tj ET Q q 0 0 0 rg BT 205.79 502.10 Td (estate ) Tj ET Q q 0 0 0 rg BT 230.64 502.10 Td (industry) Tj ET Q q 0 0 0 rg BT 262.77 502.10 Td (. ) Tj ET Q q 0 0 0 rg BT 267.35 502.10 Td ( ) Tj ET Q q 0 0 0 rg BT 269.29 502.10 Td (These ) Tj ET Q q 0 0 0 rg BT 295.25 502.10 Td (methodologies ) Tj ET Q q 0 0 0 rg BT 356.22 502.10 Td (included ) Tj ET Q q 0 0 0 rg BT 392.73 502.10 Td (discounted ) Tj ET Q q 0 0 0 rg BT 438.15 502.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 458.00 502.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 478.41 502.10 Td (analyses ) Tj ET Q q 0 0 0 rg BT 514.38 502.10 Td (and ) Tj ET Q q 0 0 0 rg BT 530.90 502.10 Td (reviews ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (of ) Tj ET Q q 0 0 0 rg BT 62.26 490.10 Td (current, ) Tj ET Q q 0 0 0 rg BT 97.01 490.10 Td (historical ) Tj ET Q q 0 0 0 rg BT 138.15 490.10 Td (and ) Tj ET Q q 0 0 0 rg BT 156.52 490.10 Td (projected ) Tj ET Q q 0 0 0 rg BT 197.66 490.10 Td (capitalization ) Tj ET Q q 0 0 0 rg BT 255.45 490.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 278.26 490.10 Td (for ) Tj ET Q q 0 0 0 rg BT 293.85 490.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 337.77 490.10 Td (comparable ) Tj ET Q q 0 0 0 rg BT 388.34 490.10 Td (to ) Tj ET Q q 0 0 0 rg BT 400.06 490.10 Td (those ) Tj ET Q q 0 0 0 rg BT 425.10 490.10 Td (owned ) Tj ET Q q 0 0 0 rg BT 455.69 490.10 Td (by ) Tj ET Q q 0 0 0 rg BT 469.62 490.10 Td (us ) Tj ET Q q 0 0 0 rg BT 482.44 490.10 Td (as ) Tj ET Q q 0 0 0 rg BT 494.71 490.10 Td (well ) Tj ET Q q 0 0 0 rg BT 515.85 490.10 Td (as ) Tj ET Q q 0 0 0 rg BT 528.12 490.10 Td (going-in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (capitalization ) Tj ET Q q 0 0 0 rg BT 106.62 478.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 128.25 478.10 Td (for ) Tj ET Q q 0 0 0 rg BT 142.67 478.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 185.42 478.10 Td (comparable ) Tj ET Q q 0 0 0 rg BT 234.81 478.10 Td (to ) Tj ET Q q 0 0 0 rg BT 245.35 478.10 Td (those ) Tj ET Q q 0 0 0 rg BT 269.22 478.10 Td (owned ) Tj ET Q q 0 0 0 rg BT 298.63 478.10 Td (by ) Tj ET Q q 0 0 0 rg BT 311.39 478.10 Td (us. ) Tj ET Q q 0 0 0 rg BT 325.54 478.10 Td ( ) Tj ET Q q 0 0 0 rg BT 328.30 478.10 Td (Each ) Tj ET Q q 0 0 0 rg BT 351.04 478.10 Td (appraisal ) Tj ET Q q 0 0 0 rg BT 389.89 478.10 Td (assumes ) Tj ET Q q 0 0 0 rg BT 425.98 478.10 Td (a ) Tj ET Q q 0 0 0 rg BT 433.18 478.10 Td (10-year ) Tj ET Q q 0 0 0 rg BT 466.47 478.10 Td (hold ) Tj ET Q q 0 0 0 rg BT 487.01 478.10 Td (period. ) Tj ET Q q 0 0 0 rg BT 517.81 478.10 Td ( ) Tj ET Q q 0 0 0 rg BT 520.37 478.10 Td (The ) Tj ET Q q 0 0 0 rg BT 538.68 478.10 Td (tables ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (below ) Tj ET Q q 0 0 0 rg BT 76.94 466.10 Td (summarize ) Tj ET Q q 0 0 0 rg BT 123.31 466.10 Td (the ) Tj ET Q q 0 0 0 rg BT 138.03 466.10 Td (key ) Tj ET Q q 0 0 0 rg BT 154.97 466.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 206.91 466.10 Td (that ) Tj ET Q q 0 0 0 rg BT 224.41 466.10 Td (were ) Tj ET Q q 0 0 0 rg BT 246.34 466.10 Td (used ) Tj ET Q q 0 0 0 rg BT 267.17 466.10 Td (in ) Tj ET Q q 0 0 0 rg BT 277.45 466.10 Td (the ) Tj ET Q q 0 0 0 rg BT 292.16 466.10 Td (valuations ) Tj ET Q q 0 0 0 rg BT 335.77 466.10 Td (of ) Tj ET Q q 0 0 0 rg BT 346.60 466.10 Td (our ) Tj ET Q q 0 0 0 rg BT 362.43 466.10 Td (real ) Tj ET Q q 0 0 0 rg BT 379.91 466.10 Td (estate ) Tj ET Q q 0 0 0 rg BT 405.18 466.10 Td (investments.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 419.60 344.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 419.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.50 419.60 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 419.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 419.60 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 391.60 344.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 391.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.50 391.60 80.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 391.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 391.60 80.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 361.60 344.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 361.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.50 361.60 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 361.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 361.60 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 332.60 344.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 332.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.50 332.60 80.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 332.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 332.60 80.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 303.60 344.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 303.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.50 303.60 80.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 303.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 303.60 80.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 273.60 344.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 273.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.50 273.60 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 273.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 273.60 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 245.60 344.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 245.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.50 245.60 80.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 245.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 245.60 80.00 -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 397.5 419.6 m 477.5 419.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 419.6 m 561.5 419.6 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 427.00 424.28 Td (Rate) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 500.70 434.28 Td (Weighted) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 503.60 424.28 Td (Average) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 410.33 Td (Domestic Real Estate Investments) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 70.00 396.33 Td (Office) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 382.17 Td (Exit capitalization rate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.05 381.27 Td (7.25%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.05 381.27 Td (7.25%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 367.17 Td (Discount rate/internal rate of return) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.05 366.27 Td (9.00%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.05 366.27 Td (9.00%) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 70.00 352.33 Td (Industrial) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 338.17 Td (Exit capitalization rate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.00 337.27 Td (6.50% - 7.25%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.05 337.27 Td (6.73%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 323.17 Td (Discount rate/internal rate of return) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.00 322.27 Td (7.75% - 8.50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.05 322.27 Td (8.27%) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 70.00 308.33 Td (Multi-Family) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 294.17 Td (Exit capitalization rate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.05 293.27 Td (6.00%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.05 293.27 Td (6.00%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 279.17 Td (Discount rate/internal rate of return) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.05 278.27 Td (7.50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.05 278.27 Td (7.50%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 264.33 Td (International Real Estate Investments) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 70.00 250.33 Td (Office) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 236.17 Td (Going-in capitalization rate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.05 235.27 Td (4.72%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.05 235.27 Td (4.72%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 207.10 Td (While ) Tj ET Q q 0 0 0 rg BT 96.37 207.10 Td (our ) Tj ET Q q 0 0 0 rg BT 113.63 207.10 Td (board ) Tj ET Q q 0 0 0 rg BT 140.33 207.10 Td (of ) Tj ET Q q 0 0 0 rg BT 152.60 207.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 191.52 207.10 Td (believes ) Tj ET Q q 0 0 0 rg BT 228.22 207.10 Td (that ) Tj ET Q q 0 0 0 rg BT 247.15 207.10 Td (the ) Tj ET Q q 0 0 0 rg BT 263.30 207.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 316.68 207.10 Td (used ) Tj ET Q q 0 0 0 rg BT 338.94 207.10 Td (in ) Tj ET Q q 0 0 0 rg BT 350.65 207.10 Td (determining ) Tj ET Q q 0 0 0 rg BT 402.91 207.10 Td (the ) Tj ET Q q 0 0 0 rg BT 419.06 207.10 Td (appraised ) Tj ET Q q 0 0 0 rg BT 461.31 207.10 Td (values ) Tj ET Q q 0 0 0 rg BT 490.79 207.10 Td (of ) Tj ET Q q 0 0 0 rg BT 503.05 207.10 Td (our ) Tj ET Q q 0 0 0 rg BT 520.32 207.10 Td (real ) Tj ET Q q 0 0 0 rg BT 539.24 207.10 Td (estate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 195.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 100.28 195.10 Td (are ) Tj ET Q q 0 0 0 rg BT 115.00 195.10 Td (reasonable, ) Tj ET Q q 0 0 0 rg BT 162.77 195.10 Td (a ) Tj ET Q q 0 0 0 rg BT 169.72 195.10 Td (change ) Tj ET Q q 0 0 0 rg BT 200.54 195.10 Td (in ) Tj ET Q q 0 0 0 rg BT 210.83 195.10 Td (these ) Tj ET Q q 0 0 0 rg BT 233.89 195.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 285.85 195.10 Td (would ) Tj ET Q q 0 0 0 rg BT 313.36 195.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 343.09 195.10 Td (the ) Tj ET Q q 0 0 0 rg BT 357.81 195.10 Td (calculation ) Tj ET Q q 0 0 0 rg BT 404.19 195.10 Td (of ) Tj ET Q q 0 0 0 rg BT 415.03 195.10 Td (such ) Tj ET Q q 0 0 0 rg BT 435.88 195.10 Td (values. ) Tj ET Q q 0 0 0 rg BT 466.43 195.10 Td ( ) Tj ET Q q 0 0 0 rg BT 468.94 195.10 Td (For ) Tj ET Q q 0 0 0 rg BT 485.35 195.10 Td (example, ) Tj ET Q q 0 0 0 rg BT 524.23 195.10 Td (assuming ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 183.10 Td (all ) Tj ET Q q 0 0 0 rg BT 62.97 183.10 Td (other ) Tj ET Q q 0 0 0 rg BT 86.49 183.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 116.67 183.10 Td (remained ) Tj ET Q q 0 0 0 rg BT 156.85 183.10 Td (unchanged, ) Tj ET Q q 0 0 0 rg BT 205.64 183.10 Td (an ) Tj ET Q q 0 0 0 rg BT 218.06 183.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 253.78 183.10 Td (in ) Tj ET Q q 0 0 0 rg BT 264.54 183.10 Td (the ) Tj ET Q q 0 0 0 rg BT 279.73 183.10 Td (average ) Tj ET Q q 0 0 0 rg BT 313.79 183.10 Td (discount ) Tj ET Q q 0 0 0 rg BT 350.65 183.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 368.61 183.10 Td (of ) Tj ET Q q 0 0 0 rg BT 379.92 183.10 Td (25 ) Tj ET Q q 0 0 0 rg BT 392.89 183.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 415.87 183.10 Td (points ) Tj ET Q q 0 0 0 rg BT 443.29 183.10 Td (would ) Tj ET Q q 0 0 0 rg BT 471.27 183.10 Td (yield ) Tj ET Q q 0 0 0 rg BT 494.24 183.10 Td (a ) Tj ET Q q 0 0 0 rg BT 501.65 183.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 539.04 183.10 Td (in ) Tj ET Q q 0 0 0 rg BT 549.79 183.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 171.10 Td (appraised ) Tj ET Q q 0 0 0 rg BT 91.20 171.10 Td (values ) Tj ET Q q 0 0 0 rg BT 119.62 171.10 Td (of ) Tj ET Q q 0 0 0 rg BT 130.83 171.10 Td (our ) Tj ET Q q 0 0 0 rg BT 147.05 171.10 Td (real ) Tj ET Q q 0 0 0 rg BT 164.91 171.10 Td (estate ) Tj ET Q q 0 0 0 rg BT 190.56 171.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 241.21 171.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.42 171.10 Td (2.0%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.25 171.10 Td (, ) Tj ET Q q 0 0 0 rg BT 278.63 171.10 Td (while ) Tj ET Q q 0 0 0 rg BT 303.73 171.10 Td (a ) Tj ET Q q 0 0 0 rg BT 311.05 171.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 348.34 171.10 Td (in ) Tj ET Q q 0 0 0 rg BT 359.00 171.10 Td (the ) Tj ET Q q 0 0 0 rg BT 374.10 171.10 Td (average ) Tj ET Q q 0 0 0 rg BT 408.07 171.10 Td (discount ) Tj ET Q q 0 0 0 rg BT 444.83 171.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 462.70 171.10 Td (of ) Tj ET Q q 0 0 0 rg BT 473.91 171.10 Td (25 ) Tj ET Q q 0 0 0 rg BT 486.79 171.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 509.67 171.10 Td (points ) Tj ET Q q 0 0 0 rg BT 537.00 171.10 Td (would ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 159.10 Td (yield ) Tj ET Q q 0 0 0 rg BT 73.79 159.10 Td (an ) Tj ET Q q 0 0 0 rg BT 87.02 159.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 123.57 159.10 Td (in ) Tj ET Q q 0 0 0 rg BT 135.15 159.10 Td (the ) Tj ET Q q 0 0 0 rg BT 151.16 159.10 Td (appraised ) Tj ET Q q 0 0 0 rg BT 193.27 159.10 Td (values ) Tj ET Q q 0 0 0 rg BT 222.61 159.10 Td (of ) Tj ET Q q 0 0 0 rg BT 234.73 159.10 Td (our ) Tj ET Q q 0 0 0 rg BT 251.86 159.10 Td (real ) Tj ET Q q 0 0 0 rg BT 270.64 159.10 Td (estate ) Tj ET Q q 0 0 0 rg BT 297.20 159.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 348.77 159.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.89 159.10 Td (1.6%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.72 159.10 Td (. ) Tj ET Q q 0 0 0 rg BT 388.02 159.10 Td ( ) Tj ET Q q 0 0 0 rg BT 391.81 159.10 Td (Likewise, ) Tj ET Q q 0 0 0 rg BT 434.76 159.10 Td (an ) Tj ET Q q 0 0 0 rg BT 448.00 159.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 484.54 159.10 Td (in ) Tj ET Q q 0 0 0 rg BT 496.12 159.10 Td (the ) Tj ET Q q 0 0 0 rg BT 512.13 159.10 Td (average ) Tj ET Q q 0 0 0 rg BT 547.01 159.10 Td (exit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 147.10 Td (capitalization ) Tj ET Q q 0 0 0 rg BT 106.32 147.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 123.76 147.10 Td (of ) Tj ET Q q 0 0 0 rg BT 134.55 147.10 Td (25 ) Tj ET Q q 0 0 0 rg BT 147.01 147.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 169.47 147.10 Td (points ) Tj ET Q q 0 0 0 rg BT 196.38 147.10 Td (would ) Tj ET Q q 0 0 0 rg BT 223.84 147.10 Td (yield ) Tj ET Q q 0 0 0 rg BT 246.29 147.10 Td (a ) Tj ET Q q 0 0 0 rg BT 253.19 147.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 290.06 147.10 Td (in ) Tj ET Q q 0 0 0 rg BT 300.30 147.10 Td (the ) Tj ET Q q 0 0 0 rg BT 314.97 147.10 Td (appraised ) Tj ET Q q 0 0 0 rg BT 355.74 147.10 Td (values ) Tj ET Q q 0 0 0 rg BT 383.75 147.10 Td (of ) Tj ET Q q 0 0 0 rg BT 394.54 147.10 Td (our ) Tj ET Q q 0 0 0 rg BT 410.33 147.10 Td (real ) Tj ET Q q 0 0 0 rg BT 427.77 147.10 Td (estate ) Tj ET Q q 0 0 0 rg BT 452.99 147.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 503.23 147.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.01 147.10 Td (2.3%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.84 147.10 Td (, ) Tj ET Q q 0 0 0 rg BT 539.80 147.10 Td (while ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 135.10 Td (a ) Tj ET Q q 0 0 0 rg BT 56.40 135.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 92.77 135.10 Td (in ) Tj ET Q q 0 0 0 rg BT 102.50 135.10 Td (the ) Tj ET Q q 0 0 0 rg BT 116.68 135.10 Td (average ) Tj ET Q q 0 0 0 rg BT 149.72 135.10 Td (exit ) Tj ET Q q 0 0 0 rg BT 166.67 135.10 Td (capitalization ) Tj ET Q q 0 0 0 rg BT 222.49 135.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 239.43 135.10 Td (of ) Tj ET Q q 0 0 0 rg BT 249.72 135.10 Td (25 ) Tj ET Q q 0 0 0 rg BT 261.67 135.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 283.63 135.10 Td (points ) Tj ET Q q 0 0 0 rg BT 310.04 135.10 Td (would ) Tj ET Q q 0 0 0 rg BT 336.99 135.10 Td (yield ) Tj ET Q q 0 0 0 rg BT 358.95 135.10 Td (an ) Tj ET Q q 0 0 0 rg BT 370.34 135.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 405.05 135.10 Td (in ) Tj ET Q q 0 0 0 rg BT 414.79 135.10 Td (the ) Tj ET Q q 0 0 0 rg BT 428.96 135.10 Td (appraised ) Tj ET Q q 0 0 0 rg BT 469.23 135.10 Td (values ) Tj ET Q q 0 0 0 rg BT 496.74 135.10 Td (of ) Tj ET Q q 0 0 0 rg BT 507.03 135.10 Td (our ) Tj ET Q q 0 0 0 rg BT 522.31 135.10 Td (real ) Tj ET Q q 0 0 0 rg BT 539.25 135.10 Td (estate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 123.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 99.67 123.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.90 123.10 Td (1.9%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.73 123.10 Td (. ) Tj ET Q q 0 0 0 rg BT 135.13 123.10 Td ( ) Tj ET Q q 0 0 0 rg BT 136.61 123.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 186.51 123.10 Td (, ) Tj ET Q q 0 0 0 rg BT 190.91 123.10 Td (an ) Tj ET Q q 0 0 0 rg BT 202.25 123.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 236.90 123.10 Td (in ) Tj ET Q q 0 0 0 rg BT 246.58 123.10 Td (the ) Tj ET Q q 0 0 0 rg BT 260.69 123.10 Td (average ) Tj ET Q q 0 0 0 rg BT 293.67 123.10 Td (going-in ) Tj ET Q q 0 0 0 rg BT 329.46 123.10 Td (capitalization ) Tj ET Q q 0 0 0 rg BT 385.22 123.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 402.10 123.10 Td (of ) Tj ET Q q 0 0 0 rg BT 412.33 123.10 Td (25 ) Tj ET Q q 0 0 0 rg BT 424.23 123.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 446.13 123.10 Td (points ) Tj ET Q q 0 0 0 rg BT 472.47 123.10 Td (would ) Tj ET Q q 0 0 0 rg BT 499.37 123.10 Td (yield ) Tj ET Q q 0 0 0 rg BT 521.27 123.10 Td (a ) Tj ET Q q 0 0 0 rg BT 527.60 123.10 Td (decrease ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 111.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.63 111.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.71 111.10 Td (appraised ) Tj ET Q q 0 0 0 rg BT 116.88 111.10 Td (value ) Tj ET Q q 0 0 0 rg BT 141.39 111.10 Td (of ) Tj ET Q q 0 0 0 rg BT 152.58 111.10 Td (our ) Tj ET Q q 0 0 0 rg BT 168.76 111.10 Td (real ) Tj ET Q q 0 0 0 rg BT 186.61 111.10 Td (estate ) Tj ET Q q 0 0 0 rg BT 212.23 111.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 262.86 111.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.04 111.10 Td (4.5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.87 111.10 Td (, ) Tj ET Q q 0 0 0 rg BT 300.23 111.10 Td (while ) Tj ET Q q 0 0 0 rg BT 325.30 111.10 Td (a ) Tj ET Q q 0 0 0 rg BT 332.60 111.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 369.87 111.10 Td (in ) Tj ET Q q 0 0 0 rg BT 380.50 111.10 Td (the ) Tj ET Q q 0 0 0 rg BT 395.58 111.10 Td (average ) Tj ET Q q 0 0 0 rg BT 429.52 111.10 Td (going-in ) Tj ET Q q 0 0 0 rg BT 466.26 111.10 Td (capitalization ) Tj ET Q q 0 0 0 rg BT 522.98 111.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 540.82 111.10 Td (of ) Tj ET Q q 0 0 0 rg BT 552.01 111.10 Td (25 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 99.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 72.50 99.10 Td (points ) Tj ET Q q 0 0 0 rg BT 99.45 99.10 Td (would ) Tj ET Q q 0 0 0 rg BT 126.95 99.10 Td (yield ) Tj ET Q q 0 0 0 rg BT 149.44 99.10 Td (an ) Tj ET Q q 0 0 0 rg BT 161.38 99.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 196.64 99.10 Td (in ) Tj ET Q q 0 0 0 rg BT 206.91 99.10 Td (the ) Tj ET Q q 0 0 0 rg BT 221.63 99.10 Td (appraised ) Tj ET Q q 0 0 0 rg BT 262.45 99.10 Td (value ) Tj ET Q q 0 0 0 rg BT 286.60 99.10 Td (of ) Tj ET Q q 0 0 0 rg BT 297.43 99.10 Td (our ) Tj ET Q q 0 0 0 rg BT 313.26 99.10 Td (real ) Tj ET Q q 0 0 0 rg BT 330.75 99.10 Td (estate ) Tj ET Q q 0 0 0 rg BT 356.01 99.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 406.28 99.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.11 99.10 Td (5.0%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.94 99.10 Td (.) Tj ET Q endstream endobj 11 0 obj <> endobj 12 0 obj <> stream BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Limitations ) Tj ET Q q 0 0 0 rg BT 99.73 742.25 Td (of ) Tj ET Q q 0 0 0 rg BT 110.56 742.25 Td (Estimated ) Tj ET Q q 0 0 0 rg BT 154.17 742.25 Td (NA) Tj ET Q q 0 0 0 rg BT 167.32 742.25 Td (V) Tj ET Q q 0 0 0 rg BT 173.81 742.25 Td ( ) Tj ET Q q 0 0 0 rg BT 176.31 742.25 Td (Per ) Tj ET Q q 0 0 0 rg BT 193.25 742.25 Td (Share ) Tj ET Q q 0 0 0 rg BT 220.21 742.25 Td (and ) Tj ET Q q 0 0 0 rg BT 238.27 742.25 Td (Of) Tj ET Q q 0 0 0 rg BT 248.64 742.25 Td (fering ) Tj ET Q q 0 0 0 rg BT 276.14 742.25 Td (Prices ) Tj ET Q q 0 0 0 rg BT 304.18 742.25 Td (Per ) Tj ET Q q 0 0 0 rg BT 321.12 742.25 Td (Share) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 718.25 Td (As ) Tj ET Q q 0 0 0 rg BT 82.47 718.25 Td (with ) Tj ET Q q 0 0 0 rg BT 103.60 718.25 Td (any ) Tj ET Q q 0 0 0 rg BT 121.40 718.25 Td (valuation ) Tj ET Q q 0 0 0 rg BT 161.97 718.25 Td (methodology) Tj ET Q q 0 0 0 rg BT 214.09 718.25 Td (, ) Tj ET Q q 0 0 0 rg BT 219.95 718.25 Td (the ) Tj ET Q q 0 0 0 rg BT 235.52 718.25 Td (methodology ) Tj ET Q q 0 0 0 rg BT 291.65 718.25 Td (used ) Tj ET Q q 0 0 0 rg BT 313.33 718.25 Td (to ) Tj ET Q q 0 0 0 rg BT 324.47 718.25 Td (determine ) Tj ET Q q 0 0 0 rg BT 367.80 718.25 Td (the ) Tj ET Q q 0 0 0 rg BT 383.38 718.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 425.05 718.25 Td (NA) Tj ET Q q 0 0 0 rg BT 438.21 718.25 Td (V) Tj ET Q q 0 0 0 rg BT 445.25 718.25 Td ( ) Tj ET Q q 0 0 0 rg BT 448.60 718.25 Td (per ) Tj ET Q q 0 0 0 rg BT 464.73 718.25 Td (share ) Tj ET Q q 0 0 0 rg BT 489.18 718.25 Td (was ) Tj ET Q q 0 0 0 rg BT 508.09 718.25 Td (based ) Tj ET Q q 0 0 0 rg BT 534.22 718.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 557.57 718.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (number ) Tj ET Q q 0 0 0 rg BT 83.01 706.25 Td (of ) Tj ET Q q 0 0 0 rg BT 93.80 706.25 Td (assumptions, ) Tj ET Q q 0 0 0 rg BT 148.21 706.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 187.88 706.25 Td (and ) Tj ET Q q 0 0 0 rg BT 204.78 706.25 Td (judgments ) Tj ET Q q 0 0 0 rg BT 248.91 706.25 Td (that ) Tj ET Q q 0 0 0 rg BT 266.36 706.25 Td (may ) Tj ET Q q 0 0 0 rg BT 286.04 706.25 Td (not ) Tj ET Q q 0 0 0 rg BT 301.28 706.25 Td (be ) Tj ET Q q 0 0 0 rg BT 313.18 706.25 Td (accurate ) Tj ET Q q 0 0 0 rg BT 348.94 706.25 Td (or ) Tj ET Q q 0 0 0 rg BT 359.73 706.25 Td (complete. ) Tj ET Q q 0 0 0 rg BT 401.34 706.25 Td ( ) Tj ET Q q 0 0 0 rg BT 403.80 706.25 Td (Further) Tj ET Q q 0 0 0 rg BT 432.84 706.25 Td (, ) Tj ET Q q 0 0 0 rg BT 437.80 706.25 Td (dif) Tj ET Q q 0 0 0 rg BT 448.73 706.25 Td (ferent ) Tj ET Q q 0 0 0 rg BT 474.51 706.25 Td (parties ) Tj ET Q q 0 0 0 rg BT 503.62 706.25 Td (using ) Tj ET Q q 0 0 0 rg BT 527.75 706.25 Td (dif) Tj ET Q q 0 0 0 rg BT 538.68 706.25 Td (ferent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (property-specific ) Tj ET Q q 0 0 0 rg BT 121.71 694.25 Td (and ) Tj ET Q q 0 0 0 rg BT 139.55 694.25 Td (general ) Tj ET Q q 0 0 0 rg BT 172.38 694.25 Td (real ) Tj ET Q q 0 0 0 rg BT 190.77 694.25 Td (estate ) Tj ET Q q 0 0 0 rg BT 216.94 694.25 Td (and ) Tj ET Q q 0 0 0 rg BT 234.78 694.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 264.83 694.25 Td (market ) Tj ET Q q 0 0 0 rg BT 296.00 694.25 Td (assumptions, ) Tj ET Q q 0 0 0 rg BT 351.36 694.25 Td (estimates, ) Tj ET Q q 0 0 0 rg BT 394.47 694.25 Td (judgments ) Tj ET Q q 0 0 0 rg BT 439.54 694.25 Td (and ) Tj ET Q q 0 0 0 rg BT 457.39 694.25 Td (standards ) Tj ET Q q 0 0 0 rg BT 498.56 694.25 Td (could ) Tj ET Q q 0 0 0 rg BT 524.18 694.25 Td (derive ) Tj ET Q q 0 0 0 rg BT 552.57 694.25 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 91.76 682.25 Td (NA) Tj ET Q q 0 0 0 rg BT 104.91 682.25 Td (V) Tj ET Q q 0 0 0 rg BT 111.95 682.25 Td ( ) Tj ET Q q 0 0 0 rg BT 115.39 682.25 Td (per ) Tj ET Q q 0 0 0 rg BT 131.59 682.25 Td (share ) Tj ET Q q 0 0 0 rg BT 156.13 682.25 Td (that ) Tj ET Q q 0 0 0 rg BT 174.56 682.25 Td (could ) Tj ET Q q 0 0 0 rg BT 200.21 682.25 Td (be ) Tj ET Q q 0 0 0 rg BT 213.09 682.25 Td (significantly ) Tj ET Q q 0 0 0 rg BT 266.52 682.25 Td (dif) Tj ET Q q 0 0 0 rg BT 277.44 682.25 Td (ferent ) Tj ET Q q 0 0 0 rg BT 304.20 682.25 Td (from ) Tj ET Q q 0 0 0 rg BT 327.07 682.25 Td (the ) Tj ET Q q 0 0 0 rg BT 342.72 682.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 384.48 682.25 Td (NA) Tj ET Q q 0 0 0 rg BT 397.63 682.25 Td (V) Tj ET Q q 0 0 0 rg BT 404.68 682.25 Td ( ) Tj ET Q q 0 0 0 rg BT 408.11 682.25 Td (per ) Tj ET Q q 0 0 0 rg BT 424.32 682.25 Td (share ) Tj ET Q q 0 0 0 rg BT 448.85 682.25 Td (determined ) Tj ET Q q 0 0 0 rg BT 497.27 682.25 Td (by ) Tj ET Q q 0 0 0 rg BT 510.71 682.25 Td (our ) Tj ET Q q 0 0 0 rg BT 527.47 682.25 Td (board ) Tj ET Q q 0 0 0 rg BT 553.68 682.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (directors. ) Tj ET Q q 0 0 0 rg BT 90.26 670.25 Td ( ) Tj ET Q q 0 0 0 rg BT 92.83 670.25 Td (The ) Tj ET Q q 0 0 0 rg BT 111.15 670.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 152.25 670.25 Td (NA) Tj ET Q q 0 0 0 rg BT 165.40 670.25 Td (V) Tj ET Q q 0 0 0 rg BT 172.44 670.25 Td ( ) Tj ET Q q 0 0 0 rg BT 175.21 670.25 Td (per ) Tj ET Q q 0 0 0 rg BT 190.76 670.25 Td (share ) Tj ET Q q 0 0 0 rg BT 214.63 670.25 Td (and ) Tj ET Q q 0 0 0 rg BT 231.84 670.25 Td (the ) Tj ET Q q 0 0 0 rg BT 246.83 670.25 Td (of) Tj ET Q q 0 0 0 rg BT 254.98 670.25 Td (fering ) Tj ET Q q 0 0 0 rg BT 281.63 670.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 308.28 670.25 Td (per ) Tj ET Q q 0 0 0 rg BT 323.82 670.25 Td (share ) Tj ET Q q 0 0 0 rg BT 347.70 670.25 Td (described ) Tj ET Q q 0 0 0 rg BT 388.78 670.25 Td (above ) Tj ET Q q 0 0 0 rg BT 415.43 670.25 Td (are ) Tj ET Q q 0 0 0 rg BT 430.42 670.25 Td (not ) Tj ET Q q 0 0 0 rg BT 445.97 670.25 Td (intended ) Tj ET Q q 0 0 0 rg BT 483.17 670.25 Td (to ) Tj ET Q q 0 0 0 rg BT 493.73 670.25 Td (represent ) Tj ET Q q 0 0 0 rg BT 533.14 670.25 Td (the ) Tj ET Q q 0 0 0 rg BT 548.13 670.25 Td (fair ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (value ) Tj ET Q q 0 0 0 rg BT 74.03 658.25 Td (of ) Tj ET Q q 0 0 0 rg BT 84.74 658.25 Td (our ) Tj ET Q q 0 0 0 rg BT 100.45 658.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 126.16 658.25 Td (less ) Tj ET Q q 0 0 0 rg BT 143.54 658.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 183.13 658.25 Td (in ) Tj ET Q q 0 0 0 rg BT 193.29 658.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 240.63 658.25 Td (with ) Tj ET Q q 0 0 0 rg BT 260.78 658.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 280.94 658.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 320.52 658.25 Td (accepted ) Tj ET Q q 0 0 0 rg BT 357.87 658.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 404.12 658.25 Td (principles, ) Tj ET Q q 0 0 0 rg BT 448.43 658.25 Td (and ) Tj ET Q q 0 0 0 rg BT 465.25 658.25 Td (such ) Tj ET Q q 0 0 0 rg BT 485.96 658.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 526.66 658.25 Td (NA) Tj ET Q q 0 0 0 rg BT 539.81 658.25 Td (V) Tj ET Q q 0 0 0 rg BT 546.85 658.25 Td ( ) Tj ET Q q 0 0 0 rg BT 549.23 658.25 Td (per ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (share ) Tj ET Q q 0 0 0 rg BT 73.69 646.25 Td (and ) Tj ET Q q 0 0 0 rg BT 90.72 646.25 Td (of) Tj ET Q q 0 0 0 rg BT 98.87 646.25 Td (fering ) Tj ET Q q 0 0 0 rg BT 125.34 646.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 151.81 646.25 Td (per ) Tj ET Q q 0 0 0 rg BT 167.17 646.25 Td (share ) Tj ET Q q 0 0 0 rg BT 190.86 646.25 Td (are ) Tj ET Q q 0 0 0 rg BT 205.66 646.25 Td (not ) Tj ET Q q 0 0 0 rg BT 221.04 646.25 Td (a ) Tj ET Q q 0 0 0 rg BT 228.07 646.25 Td (representation, ) Tj ET Q q 0 0 0 rg BT 289.80 646.25 Td (warranty ) Tj ET Q q 0 0 0 rg BT 327.93 646.25 Td (or ) Tj ET Q q 0 0 0 rg BT 338.85 646.25 Td (guarantee ) Tj ET Q q 0 0 0 rg BT 380.31 646.25 Td (that ) Tj ET Q q 0 0 0 rg BT 397.90 646.25 Td (\(i\)a ) Tj ET Q q 0 0 0 rg BT 416.87 646.25 Td (stockholder ) Tj ET Q q 0 0 0 rg BT 466.11 646.25 Td (would ) Tj ET Q q 0 0 0 rg BT 493.71 646.25 Td (be ) Tj ET Q q 0 0 0 rg BT 505.74 646.25 Td (able ) Tj ET Q q 0 0 0 rg BT 524.99 646.25 Td (to ) Tj ET Q q 0 0 0 rg BT 535.36 646.25 Td (realize ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.68 634.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 105.46 634.25 Td (NA) Tj ET Q q 0 0 0 rg BT 118.62 634.25 Td (V) Tj ET Q q 0 0 0 rg BT 125.66 634.25 Td ( ) Tj ET Q q 0 0 0 rg BT 128.12 634.25 Td (per ) Tj ET Q q 0 0 0 rg BT 143.35 634.25 Td (share ) Tj ET Q q 0 0 0 rg BT 166.91 634.25 Td (or ) Tj ET Q q 0 0 0 rg BT 177.70 634.25 Td (the ) Tj ET Q q 0 0 0 rg BT 192.38 634.25 Td (respective ) Tj ET Q q 0 0 0 rg BT 235.38 634.25 Td (of) Tj ET Q q 0 0 0 rg BT 243.53 634.25 Td (fering ) Tj ET Q q 0 0 0 rg BT 269.87 634.25 Td (price ) Tj ET Q q 0 0 0 rg BT 292.31 634.25 Td (per ) Tj ET Q q 0 0 0 rg BT 307.55 634.25 Td (share ) Tj ET Q q 0 0 0 rg BT 331.11 634.25 Td (if ) Tj ET Q q 0 0 0 rg BT 339.68 634.25 Td (such ) Tj ET Q q 0 0 0 rg BT 360.47 634.25 Td (stockholder ) Tj ET Q q 0 0 0 rg BT 409.59 634.25 Td (attempts ) Tj ET Q q 0 0 0 rg BT 445.93 634.25 Td (to ) Tj ET Q q 0 0 0 rg BT 456.17 634.25 Td (sell ) Tj ET Q q 0 0 0 rg BT 472.52 634.25 Td (his ) Tj ET Q q 0 0 0 rg BT 486.65 634.25 Td (or ) Tj ET Q q 0 0 0 rg BT 497.45 634.25 Td (her ) Tj ET Q q 0 0 0 rg BT 512.68 634.25 Td (shares; ) Tj ET Q q 0 0 0 rg BT 542.91 634.25 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 557.59 634.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.25 Td (stockholder ) Tj ET Q q 0 0 0 rg BT 99.00 622.25 Td (would ) Tj ET Q q 0 0 0 rg BT 126.34 622.25 Td (ultimately ) Tj ET Q q 0 0 0 rg BT 169.23 622.25 Td (realize ) Tj ET Q q 0 0 0 rg BT 198.21 622.25 Td (distributions ) Tj ET Q q 0 0 0 rg BT 250.56 622.25 Td (per ) Tj ET Q q 0 0 0 rg BT 265.67 622.25 Td (share ) Tj ET Q q 0 0 0 rg BT 289.11 622.25 Td (equal ) Tj ET Q q 0 0 0 rg BT 313.11 622.25 Td (to ) Tj ET Q q 0 0 0 rg BT 323.23 622.25 Td (the ) Tj ET Q q 0 0 0 rg BT 337.79 622.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 378.46 622.25 Td (NA) Tj ET Q q 0 0 0 rg BT 391.61 622.25 Td (V) Tj ET Q q 0 0 0 rg BT 398.65 622.25 Td ( ) Tj ET Q q 0 0 0 rg BT 400.99 622.25 Td (per ) Tj ET Q q 0 0 0 rg BT 416.11 622.25 Td (share ) Tj ET Q q 0 0 0 rg BT 439.55 622.25 Td (or ) Tj ET Q q 0 0 0 rg BT 450.22 622.25 Td (the ) Tj ET Q q 0 0 0 rg BT 464.78 622.25 Td (respective ) Tj ET Q q 0 0 0 rg BT 507.65 622.25 Td (of) Tj ET Q q 0 0 0 rg BT 515.80 622.25 Td (fering ) Tj ET Q q 0 0 0 rg BT 542.02 622.25 Td (price ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (per ) Tj ET Q q 0 0 0 rg BT 64.47 610.25 Td (share ) Tj ET Q q 0 0 0 rg BT 87.28 610.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 108.98 610.25 Td (our ) Tj ET Q q 0 0 0 rg BT 124.01 610.25 Td (liquidation ) Tj ET Q q 0 0 0 rg BT 169.05 610.25 Td (or ) Tj ET Q q 0 0 0 rg BT 179.08 610.25 Td (sale; ) Tj ET Q q 0 0 0 rg BT 199.11 610.25 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 215.81 610.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 242.50 610.25 Td (of ) Tj ET Q q 0 0 0 rg BT 252.54 610.25 Td (our ) Tj ET Q q 0 0 0 rg BT 267.57 610.25 Td (common ) Tj ET Q q 0 0 0 rg BT 304.27 610.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 327.08 610.25 Td (would ) Tj ET Q q 0 0 0 rg BT 353.79 610.25 Td (trade ) Tj ET Q q 0 0 0 rg BT 375.48 610.25 Td (at ) Tj ET Q q 0 0 0 rg BT 384.40 610.25 Td (the ) Tj ET Q q 0 0 0 rg BT 398.32 610.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 438.34 610.25 Td (NA) Tj ET Q q 0 0 0 rg BT 451.50 610.25 Td (V) Tj ET Q q 0 0 0 rg BT 458.54 610.25 Td ( ) Tj ET Q q 0 0 0 rg BT 460.24 610.25 Td (per ) Tj ET Q q 0 0 0 rg BT 474.72 610.25 Td (share ) Tj ET Q q 0 0 0 rg BT 497.52 610.25 Td (or ) Tj ET Q q 0 0 0 rg BT 507.55 610.25 Td (the ) Tj ET Q q 0 0 0 rg BT 521.47 610.25 Td (respective ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (of) Tj ET Q q 0 0 0 rg BT 58.15 598.25 Td (fering ) Tj ET Q q 0 0 0 rg BT 85.52 598.25 Td (price ) Tj ET Q q 0 0 0 rg BT 109.01 598.25 Td (per ) Tj ET Q q 0 0 0 rg BT 125.28 598.25 Td (share ) Tj ET Q q 0 0 0 rg BT 149.87 598.25 Td (on ) Tj ET Q q 0 0 0 rg BT 163.37 598.25 Td (a ) Tj ET Q q 0 0 0 rg BT 171.31 598.25 Td (national ) Tj ET Q q 0 0 0 rg BT 207.02 598.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 248.28 598.25 Td (exchange; ) Tj ET Q q 0 0 0 rg BT 292.31 598.25 Td (\(iv\) ) Tj ET Q q 0 0 0 rg BT 310.25 598.25 Td (a ) Tj ET Q q 0 0 0 rg BT 318.19 598.25 Td (third ) Tj ET Q q 0 0 0 rg BT 340.57 598.25 Td (party ) Tj ET Q q 0 0 0 rg BT 364.62 598.25 Td (would ) Tj ET Q q 0 0 0 rg BT 393.12 598.25 Td (of) Tj ET Q q 0 0 0 rg BT 401.26 598.25 Td (fer ) Tj ET Q q 0 0 0 rg BT 415.86 598.25 Td (the ) Tj ET Q q 0 0 0 rg BT 431.58 598.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 473.40 598.25 Td (NA) Tj ET Q q 0 0 0 rg BT 486.55 598.25 Td (V) Tj ET Q q 0 0 0 rg BT 493.59 598.25 Td ( ) Tj ET Q q 0 0 0 rg BT 497.09 598.25 Td (per ) Tj ET Q q 0 0 0 rg BT 513.36 598.25 Td (share ) Tj ET Q q 0 0 0 rg BT 537.95 598.25 Td (or ) Tj ET Q q 0 0 0 rg BT 549.78 598.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (respective ) Tj ET Q q 0 0 0 rg BT 92.43 586.25 Td (of) Tj ET Q q 0 0 0 rg BT 100.58 586.25 Td (fering ) Tj ET Q q 0 0 0 rg BT 126.35 586.25 Td (price ) Tj ET Q q 0 0 0 rg BT 148.23 586.25 Td (per ) Tj ET Q q 0 0 0 rg BT 162.90 586.25 Td (share ) Tj ET Q q 0 0 0 rg BT 185.89 586.25 Td (in ) Tj ET Q q 0 0 0 rg BT 195.57 586.25 Td (an ) Tj ET Q q 0 0 0 rg BT 206.90 586.25 Td (arm) Tj ET Q q 0 0 0 rg BT 225.23 586.25 Td (s-length ) Tj ET Q q 0 0 0 rg BT 259.34 586.25 Td (transaction ) Tj ET Q q 0 0 0 rg BT 305.11 586.25 Td (to ) Tj ET Q q 0 0 0 rg BT 314.78 586.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 352.21 586.25 Td (all ) Tj ET Q q 0 0 0 rg BT 364.10 586.25 Td (or ) Tj ET Q q 0 0 0 rg BT 374.33 586.25 Td (substantially ) Tj ET Q q 0 0 0 rg BT 426.78 586.25 Td (all ) Tj ET Q q 0 0 0 rg BT 438.67 586.25 Td (of ) Tj ET Q q 0 0 0 rg BT 448.90 586.25 Td (our ) Tj ET Q q 0 0 0 rg BT 464.12 586.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 491.01 586.25 Td (of ) Tj ET Q q 0 0 0 rg BT 501.23 586.25 Td (common ) Tj ET Q q 0 0 0 rg BT 538.13 586.25 Td (stock; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.25 Td (or ) Tj ET Q q 0 0 0 rg BT 61.39 574.25 Td (\(v\) ) Tj ET Q q 0 0 0 rg BT 76.10 574.25 Td (the ) Tj ET Q q 0 0 0 rg BT 91.38 574.25 Td (methodologies ) Tj ET Q q 0 0 0 rg BT 153.32 574.25 Td (used ) Tj ET Q q 0 0 0 rg BT 174.70 574.25 Td (to ) Tj ET Q q 0 0 0 rg BT 185.54 574.25 Td (determine ) Tj ET Q q 0 0 0 rg BT 228.57 574.25 Td (the ) Tj ET Q q 0 0 0 rg BT 243.85 574.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 285.22 574.25 Td (NA) Tj ET Q q 0 0 0 rg BT 298.38 574.25 Td (V) Tj ET Q q 0 0 0 rg BT 305.42 574.25 Td ( ) Tj ET Q q 0 0 0 rg BT 308.48 574.25 Td (per ) Tj ET Q q 0 0 0 rg BT 324.30 574.25 Td (share ) Tj ET Q q 0 0 0 rg BT 348.46 574.25 Td (would ) Tj ET Q q 0 0 0 rg BT 376.51 574.25 Td (be ) Tj ET Q q 0 0 0 rg BT 389.01 574.25 Td (acceptable ) Tj ET Q q 0 0 0 rg BT 434.25 574.25 Td (to ) Tj ET Q q 0 0 0 rg BT 445.09 574.25 Td (FINRA. ) Tj ET Q q 0 0 0 rg BT 480.65 574.25 Td ( ) Tj ET Q q 0 0 0 rg BT 483.71 574.25 Td (In ) Tj ET Q q 0 0 0 rg BT 495.09 574.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 533.42 574.25 Td (we ) Tj ET Q q 0 0 0 rg BT 548.14 574.25 Td (can ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.25 Td (make ) Tj ET Q q 0 0 0 rg BT 74.53 562.25 Td (no ) Tj ET Q q 0 0 0 rg BT 87.41 562.25 Td (claim ) Tj ET Q q 0 0 0 rg BT 112.50 562.25 Td (as ) Tj ET Q q 0 0 0 rg BT 123.70 562.25 Td (to ) Tj ET Q q 0 0 0 rg BT 134.36 562.25 Td (whether ) Tj ET Q q 0 0 0 rg BT 169.44 562.25 Td (the ) Tj ET Q q 0 0 0 rg BT 184.53 562.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 225.73 562.25 Td (NA) Tj ET Q q 0 0 0 rg BT 238.88 562.25 Td (V) Tj ET Q q 0 0 0 rg BT 245.92 562.25 Td ( ) Tj ET Q q 0 0 0 rg BT 248.80 562.25 Td (per ) Tj ET Q q 0 0 0 rg BT 264.44 562.25 Td (share ) Tj ET Q q 0 0 0 rg BT 288.42 562.25 Td (will ) Tj ET Q q 0 0 0 rg BT 306.85 562.25 Td (or ) Tj ET Q q 0 0 0 rg BT 318.06 562.25 Td (will ) Tj ET Q q 0 0 0 rg BT 336.49 562.25 Td (not ) Tj ET Q q 0 0 0 rg BT 352.14 562.25 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 381.13 562.25 Td (the ) Tj ET Q q 0 0 0 rg BT 396.22 562.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 440.19 562.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 469.72 562.25 Td (valuation ) Tj ET Q q 0 0 0 rg BT 509.80 562.25 Td (requirements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 Td (under ) Tj ET Q q 0 0 0 rg BT 74.68 550.25 Td (ERISA) Tj ET Q q 0 0 0 rg BT 103.02 550.25 Td ( ) Tj ET Q q 0 0 0 rg BT 104.93 550.25 Td (and ) Tj ET Q q 0 0 0 rg BT 121.29 550.25 Td (the ) Tj ET Q q 0 0 0 rg BT 135.42 550.25 Td (Code ) Tj ET Q q 0 0 0 rg BT 158.44 550.25 Td (with ) Tj ET Q q 0 0 0 rg BT 178.13 550.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 208.36 550.25 Td (to ) Tj ET Q q 0 0 0 rg BT 218.05 550.25 Td (employee ) Tj ET Q q 0 0 0 rg BT 258.83 550.25 Td (benefit ) Tj ET Q q 0 0 0 rg BT 288.51 550.25 Td (plans ) Tj ET Q q 0 0 0 rg BT 311.53 550.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 341.77 550.25 Td (to ) Tj ET Q q 0 0 0 rg BT 351.46 550.25 Td (ERISA) Tj ET Q q 0 0 0 rg BT 379.80 550.25 Td ( ) Tj ET Q q 0 0 0 rg BT 381.71 550.25 Td (and ) Tj ET Q q 0 0 0 rg BT 398.07 550.25 Td (other ) Tj ET Q q 0 0 0 rg BT 420.53 550.25 Td (retirement ) Tj ET Q q 0 0 0 rg BT 463.53 550.25 Td (plans ) Tj ET Q q 0 0 0 rg BT 486.55 550.25 Td (or ) Tj ET Q q 0 0 0 rg BT 496.79 550.25 Td (accounts ) Tj ET Q q 0 0 0 rg BT 533.69 550.25 Td (subject ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td (to ) Tj ET Q q 0 0 0 rg BT 60.28 538.25 Td (Section ) Tj ET Q q 0 0 0 rg BT 92.77 538.25 Td (4975 ) Tj ET Q q 0 0 0 rg BT 115.27 538.25 Td (of ) Tj ET Q q 0 0 0 rg BT 126.10 538.25 Td (the ) Tj ET Q q 0 0 0 rg BT 140.82 538.25 Td (Code ) Tj ET Q q 0 0 0 rg BT 164.43 538.25 Td (that ) Tj ET Q q 0 0 0 rg BT 181.92 538.25 Td (are ) Tj ET Q q 0 0 0 rg BT 196.63 538.25 Td (investing ) Tj ET Q q 0 0 0 rg BT 235.80 538.25 Td (in ) Tj ET Q q 0 0 0 rg BT 246.07 538.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 273.56 538.25 Td (of ) Tj ET Q q 0 0 0 rg BT 284.39 538.25 Td (our ) Tj ET Q q 0 0 0 rg BT 300.22 538.25 Td (common ) Tj ET Q q 0 0 0 rg BT 337.72 538.25 Td (stock.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 514.25 Td (Further) Tj ET Q q 0 0 0 rg BT 97.04 514.25 Td (, ) Tj ET Q q 0 0 0 rg BT 101.81 514.25 Td (the ) Tj ET Q q 0 0 0 rg BT 116.29 514.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 156.88 514.25 Td (NA) Tj ET Q q 0 0 0 rg BT 170.03 514.25 Td (V) Tj ET Q q 0 0 0 rg BT 177.07 514.25 Td ( ) Tj ET Q q 0 0 0 rg BT 179.34 514.25 Td (per ) Tj ET Q q 0 0 0 rg BT 194.38 514.25 Td (share ) Tj ET Q q 0 0 0 rg BT 217.75 514.25 Td (and ) Tj ET Q q 0 0 0 rg BT 234.45 514.25 Td (the ) Tj ET Q q 0 0 0 rg BT 248.94 514.25 Td (of) Tj ET Q q 0 0 0 rg BT 257.09 514.25 Td (fering ) Tj ET Q q 0 0 0 rg BT 283.23 514.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 309.38 514.25 Td (per ) Tj ET Q q 0 0 0 rg BT 324.41 514.25 Td (share ) Tj ET Q q 0 0 0 rg BT 347.78 514.25 Td (were ) Tj ET Q q 0 0 0 rg BT 369.48 514.25 Td (calculated ) Tj ET Q q 0 0 0 rg BT 412.27 514.25 Td (as ) Tj ET Q q 0 0 0 rg BT 422.87 514.25 Td (of ) Tj ET Q q 0 0 0 rg BT 433.47 514.25 Td (a ) Tj ET Q q 0 0 0 rg BT 440.18 514.25 Td (moment ) Tj ET Q q 0 0 0 rg BT 475.22 514.25 Td (in ) Tj ET Q q 0 0 0 rg BT 485.26 514.25 Td (time, ) Tj ET Q q 0 0 0 rg BT 507.80 514.25 Td (and, ) Tj ET Q q 0 0 0 rg BT 527.01 514.25 Td (although ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.25 Td (the ) Tj ET Q q 0 0 0 rg BT 65.55 502.25 Td (value ) Tj ET Q q 0 0 0 rg BT 90.53 502.25 Td (of ) Tj ET Q q 0 0 0 rg BT 102.19 502.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 130.51 502.25 Td (of ) Tj ET Q q 0 0 0 rg BT 142.17 502.25 Td (our ) Tj ET Q q 0 0 0 rg BT 158.83 502.25 Td (common ) Tj ET Q q 0 0 0 rg BT 197.16 502.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 221.60 502.25 Td (will ) Tj ET Q q 0 0 0 rg BT 240.48 502.25 Td (fluctuate ) Tj ET Q q 0 0 0 rg BT 278.79 502.25 Td (over ) Tj ET Q q 0 0 0 rg BT 299.89 502.25 Td (time ) Tj ET Q q 0 0 0 rg BT 321.00 502.25 Td (as ) Tj ET Q q 0 0 0 rg BT 332.66 502.25 Td (a ) Tj ET Q q 0 0 0 rg BT 340.42 502.25 Td (result ) Tj ET Q q 0 0 0 rg BT 365.97 502.25 Td (of, ) Tj ET Q q 0 0 0 rg BT 380.13 502.25 Td (among ) Tj ET Q q 0 0 0 rg BT 410.68 502.25 Td (other ) Tj ET Q q 0 0 0 rg BT 434.56 502.25 Td (things, ) Tj ET Q q 0 0 0 rg BT 464.83 502.25 Td (developments ) Tj ET Q q 0 0 0 rg BT 523.71 502.25 Td (related ) Tj ET Q q 0 0 0 rg BT 554.24 502.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.25 Td (individual ) Tj ET Q q 0 0 0 rg BT 92.78 490.25 Td (assets, ) Tj ET Q q 0 0 0 rg BT 120.85 490.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 155.29 490.25 Td (in ) Tj ET Q q 0 0 0 rg BT 165.30 490.25 Td (the ) Tj ET Q q 0 0 0 rg BT 179.75 490.25 Td (real ) Tj ET Q q 0 0 0 rg BT 196.97 490.25 Td (estate ) Tj ET Q q 0 0 0 rg BT 221.96 490.25 Td (and ) Tj ET Q q 0 0 0 rg BT 238.63 490.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 267.52 490.25 Td (markets, ) Tj ET Q q 0 0 0 rg BT 303.91 490.25 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 353.91 490.25 Td (or ) Tj ET Q q 0 0 0 rg BT 364.48 490.25 Td (dispositions ) Tj ET Q q 0 0 0 rg BT 414.50 490.25 Td (of ) Tj ET Q q 0 0 0 rg BT 425.06 490.25 Td (assets, ) Tj ET Q q 0 0 0 rg BT 453.12 490.25 Td (the ) Tj ET Q q 0 0 0 rg BT 467.57 490.25 Td (distribution ) Tj ET Q q 0 0 0 rg BT 515.92 490.25 Td (of ) Tj ET Q q 0 0 0 rg BT 526.48 490.25 Td (proceeds ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.25 Td (from ) Tj ET Q q 0 0 0 rg BT 71.54 478.25 Td (the ) Tj ET Q q 0 0 0 rg BT 85.86 478.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 103.51 478.25 Td (of ) Tj ET Q q 0 0 0 rg BT 113.94 478.25 Td (real ) Tj ET Q q 0 0 0 rg BT 131.02 478.25 Td (estate ) Tj ET Q q 0 0 0 rg BT 155.89 478.25 Td (to ) Tj ET Q q 0 0 0 rg BT 165.77 478.25 Td (our ) Tj ET Q q 0 0 0 rg BT 181.20 478.25 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 233.85 478.25 Td (and ) Tj ET Q q 0 0 0 rg BT 250.39 478.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 284.69 478.25 Td (in ) Tj ET Q q 0 0 0 rg BT 294.57 478.25 Td (corporate ) Tj ET Q q 0 0 0 rg BT 334.43 478.25 Td (policies ) Tj ET Q q 0 0 0 rg BT 367.63 478.25 Td (such ) Tj ET Q q 0 0 0 rg BT 388.06 478.25 Td (as ) Tj ET Q q 0 0 0 rg BT 398.50 478.25 Td (our ) Tj ET Q q 0 0 0 rg BT 413.93 478.25 Td (distribution ) Tj ET Q q 0 0 0 rg BT 462.14 478.25 Td (level ) Tj ET Q q 0 0 0 rg BT 483.68 478.25 Td (relative ) Tj ET Q q 0 0 0 rg BT 515.76 478.25 Td (to ) Tj ET Q q 0 0 0 rg BT 525.64 478.25 Td (earnings, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.25 Td (we ) Tj ET Q q 0 0 0 rg BT 64.54 466.25 Td (do ) Tj ET Q q 0 0 0 rg BT 77.42 466.25 Td (not ) Tj ET Q q 0 0 0 rg BT 93.07 466.25 Td (undertake ) Tj ET Q q 0 0 0 rg BT 135.38 466.25 Td (to ) Tj ET Q q 0 0 0 rg BT 146.03 466.25 Td (update ) Tj ET Q q 0 0 0 rg BT 175.57 466.25 Td (the ) Tj ET Q q 0 0 0 rg BT 190.66 466.25 Td (of) Tj ET Q q 0 0 0 rg BT 198.81 466.25 Td (fering ) Tj ET Q q 0 0 0 rg BT 225.57 466.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 252.32 466.25 Td (per ) Tj ET Q q 0 0 0 rg BT 267.97 466.25 Td (share ) Tj ET Q q 0 0 0 rg BT 291.95 466.25 Td (on ) Tj ET Q q 0 0 0 rg BT 304.82 466.25 Td (a ) Tj ET Q q 0 0 0 rg BT 312.14 466.25 Td (regular ) Tj ET Q q 0 0 0 rg BT 343.33 466.25 Td (basis. ) Tj ET Q q 0 0 0 rg BT 368.71 466.25 Td ( ) Tj ET Q q 0 0 0 rg BT 370.96 466.25 Td (As ) Tj ET Q q 0 0 0 rg BT 384.95 466.25 Td (a ) Tj ET Q q 0 0 0 rg BT 392.27 466.25 Td (result, ) Tj ET Q q 0 0 0 rg BT 419.86 466.25 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 473.29 466.25 Td (should ) Tj ET Q q 0 0 0 rg BT 502.83 466.25 Td (not ) Tj ET Q q 0 0 0 rg BT 518.49 466.25 Td (rely ) Tj ET Q q 0 0 0 rg BT 536.92 466.25 Td (on ) Tj ET Q q 0 0 0 rg BT 549.79 466.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 90.97 454.25 Td (NA) Tj ET Q q 0 0 0 rg BT 104.12 454.25 Td (V) Tj ET Q q 0 0 0 rg BT 111.16 454.25 Td ( ) Tj ET Q q 0 0 0 rg BT 113.81 454.25 Td (per ) Tj ET Q q 0 0 0 rg BT 129.22 454.25 Td (share ) Tj ET Q q 0 0 0 rg BT 152.97 454.25 Td (or ) Tj ET Q q 0 0 0 rg BT 163.95 454.25 Td (the ) Tj ET Q q 0 0 0 rg BT 178.81 454.25 Td (respective ) Tj ET Q q 0 0 0 rg BT 221.99 454.25 Td (of) Tj ET Q q 0 0 0 rg BT 230.14 454.25 Td (fering ) Tj ET Q q 0 0 0 rg BT 256.66 454.25 Td (price ) Tj ET Q q 0 0 0 rg BT 279.29 454.25 Td (per ) Tj ET Q q 0 0 0 rg BT 294.71 454.25 Td (share ) Tj ET Q q 0 0 0 rg BT 318.45 454.25 Td (as ) Tj ET Q q 0 0 0 rg BT 329.43 454.25 Td (an ) Tj ET Q q 0 0 0 rg BT 341.51 454.25 Td (accurate ) Tj ET Q q 0 0 0 rg BT 377.46 454.25 Td (measure ) Tj ET Q q 0 0 0 rg BT 413.42 454.25 Td (of ) Tj ET Q q 0 0 0 rg BT 424.40 454.25 Td (the ) Tj ET Q q 0 0 0 rg BT 439.26 454.25 Td (then-current ) Tj ET Q q 0 0 0 rg BT 490.77 454.25 Td (value ) Tj ET Q q 0 0 0 rg BT 515.07 454.25 Td (of ) Tj ET Q q 0 0 0 rg BT 526.05 454.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 553.69 454.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (our ) Tj ET Q q 0 0 0 rg BT 66.09 442.25 Td (common ) Tj ET Q q 0 0 0 rg BT 103.84 442.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 127.70 442.25 Td (in ) Tj ET Q q 0 0 0 rg BT 138.23 442.25 Td (making ) Tj ET Q q 0 0 0 rg BT 170.98 442.25 Td (a ) Tj ET Q q 0 0 0 rg BT 178.18 442.25 Td (decision ) Tj ET Q q 0 0 0 rg BT 214.26 442.25 Td (to ) Tj ET Q q 0 0 0 rg BT 224.79 442.25 Td (buy ) Tj ET Q q 0 0 0 rg BT 242.55 442.25 Td (or ) Tj ET Q q 0 0 0 rg BT 253.63 442.25 Td (sell ) Tj ET Q q 0 0 0 rg BT 270.27 442.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 298.02 442.25 Td (of ) Tj ET Q q 0 0 0 rg BT 309.11 442.25 Td (our ) Tj ET Q q 0 0 0 rg BT 325.19 442.25 Td (common ) Tj ET Q q 0 0 0 rg BT 362.94 442.25 Td (stock, ) Tj ET Q q 0 0 0 rg BT 389.31 442.25 Td (including ) Tj ET Q q 0 0 0 rg BT 429.83 442.25 Td (whether ) Tj ET Q q 0 0 0 rg BT 464.80 442.25 Td (to ) Tj ET Q q 0 0 0 rg BT 475.33 442.25 Td (invest ) Tj ET Q q 0 0 0 rg BT 501.97 442.25 Td (in ) Tj ET Q q 0 0 0 rg BT 512.51 442.25 Td (the ) Tj ET Q q 0 0 0 rg BT 527.48 442.25 Td (of) Tj ET Q q 0 0 0 rg BT 535.63 442.25 Td (fering, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td (whether ) Tj ET Q q 0 0 0 rg BT 84.84 430.25 Td (to ) Tj ET Q q 0 0 0 rg BT 95.25 430.25 Td (reinvest ) Tj ET Q q 0 0 0 rg BT 129.54 430.25 Td (distributions ) Tj ET Q q 0 0 0 rg BT 182.18 430.25 Td (by ) Tj ET Q q 0 0 0 rg BT 194.81 430.25 Td (participating ) Tj ET Q q 0 0 0 rg BT 247.98 430.25 Td (in ) Tj ET Q q 0 0 0 rg BT 258.39 430.25 Td (our ) Tj ET Q q 0 0 0 rg BT 274.36 430.25 Td (distribution ) Tj ET Q q 0 0 0 rg BT 323.10 430.25 Td (reinvestment ) Tj ET Q q 0 0 0 rg BT 377.39 430.25 Td (plan ) Tj ET Q q 0 0 0 rg BT 397.24 430.25 Td (and ) Tj ET Q q 0 0 0 rg BT 414.31 430.25 Td (whether ) Tj ET Q q 0 0 0 rg BT 449.15 430.25 Td (to ) Tj ET Q q 0 0 0 rg BT 459.56 430.25 Td (request ) Tj ET Q q 0 0 0 rg BT 491.07 430.25 Td (redemption ) Tj ET Q q 0 0 0 rg BT 539.25 430.25 Td (under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 Td (our ) Tj ET Q q 0 0 0 rg BT 66.35 418.25 Td (share ) Tj ET Q q 0 0 0 rg BT 90.47 418.25 Td (redemption ) Tj ET Q q 0 0 0 rg BT 139.04 418.25 Td (program. ) Tj ET Q q 0 0 0 rg BT 178.43 418.25 Td ( ) Tj ET Q q 0 0 0 rg BT 181.46 418.25 Td (In ) Tj ET Q q 0 0 0 rg BT 192.81 418.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 231.10 418.25 Td (our ) Tj ET Q q 0 0 0 rg BT 247.45 418.25 Td (board ) Tj ET Q q 0 0 0 rg BT 273.24 418.25 Td (of ) Tj ET Q q 0 0 0 rg BT 284.59 418.25 Td (directors ) Tj ET Q q 0 0 0 rg BT 322.60 418.25 Td (may ) Tj ET Q q 0 0 0 rg BT 342.84 418.25 Td (in ) Tj ET Q q 0 0 0 rg BT 353.64 418.25 Td (its ) Tj ET Q q 0 0 0 rg BT 366.11 418.25 Td (discretion ) Tj ET Q q 0 0 0 rg BT 408.56 418.25 Td (from ) Tj ET Q q 0 0 0 rg BT 431.02 418.25 Td (time ) Tj ET Q q 0 0 0 rg BT 451.82 418.25 Td (to ) Tj ET Q q 0 0 0 rg BT 462.62 418.25 Td (time ) Tj ET Q q 0 0 0 rg BT 483.41 418.25 Td (change ) Tj ET Q q 0 0 0 rg BT 514.75 418.25 Td (the ) Tj ET Q q 0 0 0 rg BT 529.99 418.25 Td (of) Tj ET Q q 0 0 0 rg BT 538.14 418.25 Td (fering ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 77.09 406.25 Td (per ) Tj ET Q q 0 0 0 rg BT 93.08 406.25 Td (share ) Tj ET Q q 0 0 0 rg BT 117.39 406.25 Td (of ) Tj ET Q q 0 0 0 rg BT 128.94 406.25 Td (our ) Tj ET Q q 0 0 0 rg BT 145.49 406.25 Td (common ) Tj ET Q q 0 0 0 rg BT 183.70 406.25 Td (stock, ) Tj ET Q q 0 0 0 rg BT 210.53 406.25 Td (and ) Tj ET Q q 0 0 0 rg BT 228.18 406.25 Td (therefore ) Tj ET Q q 0 0 0 rg BT 267.48 406.25 Td (the ) Tj ET Q q 0 0 0 rg BT 282.92 406.25 Td (number ) Tj ET Q q 0 0 0 rg BT 316.68 406.25 Td (of ) Tj ET Q q 0 0 0 rg BT 328.23 406.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 356.43 406.25 Td (being ) Tj ET Q q 0 0 0 rg BT 381.87 406.25 Td (of) Tj ET Q q 0 0 0 rg BT 390.02 406.25 Td (fered ) Tj ET Q q 0 0 0 rg BT 413.77 406.25 Td (in ) Tj ET Q q 0 0 0 rg BT 424.76 406.25 Td (the ) Tj ET Q q 0 0 0 rg BT 440.20 406.25 Td (of) Tj ET Q q 0 0 0 rg BT 448.35 406.25 Td (fering, ) Tj ET Q q 0 0 0 rg BT 477.94 406.25 Td (through ) Tj ET Q q 0 0 0 rg BT 512.27 406.25 Td (one ) Tj ET Q q 0 0 0 rg BT 529.92 406.25 Td (or ) Tj ET Q q 0 0 0 rg BT 541.47 406.25 Td (more ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.25 Td (supplements ) Tj ET Q q 0 0 0 rg BT 102.05 394.25 Td (or ) Tj ET Q q 0 0 0 rg BT 112.43 394.25 Td (amendments ) Tj ET Q q 0 0 0 rg BT 165.03 394.25 Td (to ) Tj ET Q q 0 0 0 rg BT 174.86 394.25 Td (our ) Tj ET Q q 0 0 0 rg BT 190.25 394.25 Td (prospectus ) Tj ET Q q 0 0 0 rg BT 235.07 394.25 Td (or ) Tj ET Q q 0 0 0 rg BT 245.46 394.25 Td (post-ef) Tj ET Q q 0 0 0 rg BT 273.04 394.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 302.30 394.25 Td (amendments ) Tj ET Q q 0 0 0 rg BT 354.90 394.25 Td (to ) Tj ET Q q 0 0 0 rg BT 364.73 394.25 Td (the ) Tj ET Q q 0 0 0 rg BT 379.00 394.25 Td (registration ) Tj ET Q q 0 0 0 rg BT 426.60 394.25 Td (statement ) Tj ET Q q 0 0 0 rg BT 466.97 394.25 Td (of ) Tj ET Q q 0 0 0 rg BT 477.36 394.25 Td (which ) Tj ET Q q 0 0 0 rg BT 503.85 394.25 Td (our ) Tj ET Q q 0 0 0 rg BT 519.24 394.25 Td (prospectus ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.25 Td (is ) Tj ET Q q 0 0 0 rg BT 59.35 382.25 Td (a ) Tj ET Q q 0 0 0 rg BT 66.47 382.25 Td (part. ) Tj ET Q q 0 0 0 rg BT 87.20 382.25 Td ( ) Tj ET Q q 0 0 0 rg BT 89.69 382.25 Td (W) Tj ET Q q 0 0 0 rg BT 98.33 382.25 Td (e ) Tj ET Q q 0 0 0 rg BT 105.45 382.25 Td (cannot ) Tj ET Q q 0 0 0 rg BT 134.79 382.25 Td (assure ) Tj ET Q q 0 0 0 rg BT 162.46 382.25 Td (you ) Tj ET Q q 0 0 0 rg BT 180.15 382.25 Td (that ) Tj ET Q q 0 0 0 rg BT 197.83 382.25 Td (the ) Tj ET Q q 0 0 0 rg BT 212.73 382.25 Td (of) Tj ET Q q 0 0 0 rg BT 220.88 382.25 Td (fering ) Tj ET Q q 0 0 0 rg BT 247.44 382.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 274.00 382.25 Td (per ) Tj ET Q q 0 0 0 rg BT 289.45 382.25 Td (share ) Tj ET Q q 0 0 0 rg BT 313.23 382.25 Td (will ) Tj ET Q q 0 0 0 rg BT 331.47 382.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 366.91 382.25 Td (or ) Tj ET Q q 0 0 0 rg BT 377.92 382.25 Td (that ) Tj ET Q q 0 0 0 rg BT 395.60 382.25 Td (they ) Tj ET Q q 0 0 0 rg BT 415.50 382.25 Td (will ) Tj ET Q q 0 0 0 rg BT 433.74 382.25 Td (not ) Tj ET Q q 0 0 0 rg BT 449.20 382.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 486.30 382.25 Td (during ) Tj ET Q q 0 0 0 rg BT 515.09 382.25 Td (the ) Tj ET Q q 0 0 0 rg BT 529.99 382.25 Td (of) Tj ET Q q 0 0 0 rg BT 538.14 382.25 Td (fering ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.25 Td (or ) Tj ET Q q 0 0 0 rg BT 61.27 370.25 Td (in ) Tj ET Q q 0 0 0 rg BT 71.98 370.25 Td (connection ) Tj ET Q q 0 0 0 rg BT 118.79 370.25 Td (with ) Tj ET Q q 0 0 0 rg BT 139.50 370.25 Td (any ) Tj ET Q q 0 0 0 rg BT 156.88 370.25 Td (future ) Tj ET Q q 0 0 0 rg BT 183.69 370.25 Td (of) Tj ET Q q 0 0 0 rg BT 191.84 370.25 Td (fering ) Tj ET Q q 0 0 0 rg BT 218.65 370.25 Td (of ) Tj ET Q q 0 0 0 rg BT 229.92 370.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 257.85 370.25 Td (of ) Tj ET Q q 0 0 0 rg BT 269.11 370.25 Td (our ) Tj ET Q q 0 0 0 rg BT 285.38 370.25 Td (common ) Tj ET Q q 0 0 0 rg BT 323.31 370.25 Td (stock. ) Tj ET Q q 0 0 0 rg BT 349.85 370.25 Td ( ) Tj ET Q q 0 0 0 rg BT 352.79 370.25 Td (Included ) Tj ET Q q 0 0 0 rg BT 390.71 370.25 Td (among ) Tj ET Q q 0 0 0 rg BT 420.86 370.25 Td (the ) Tj ET Q q 0 0 0 rg BT 436.02 370.25 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 495.59 370.25 Td (under ) Tj ET Q q 0 0 0 rg BT 521.30 370.25 Td (which ) Tj ET Q q 0 0 0 rg BT 548.67 370.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.25 Td (board ) Tj ET Q q 0 0 0 rg BT 75.27 358.25 Td (of ) Tj ET Q q 0 0 0 rg BT 86.11 358.25 Td (directors ) Tj ET Q q 0 0 0 rg BT 123.60 358.25 Td (may ) Tj ET Q q 0 0 0 rg BT 143.32 358.25 Td (determine ) Tj ET Q q 0 0 0 rg BT 185.80 358.25 Td (to ) Tj ET Q q 0 0 0 rg BT 196.08 358.25 Td (change ) Tj ET Q q 0 0 0 rg BT 226.90 358.25 Td (the ) Tj ET Q q 0 0 0 rg BT 241.62 358.25 Td (of) Tj ET Q q 0 0 0 rg BT 249.77 358.25 Td (fering ) Tj ET Q q 0 0 0 rg BT 276.15 358.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 302.53 358.25 Td (per ) Tj ET Q q 0 0 0 rg BT 317.81 358.25 Td (share ) Tj ET Q q 0 0 0 rg BT 341.41 358.25 Td (are ) Tj ET Q q 0 0 0 rg BT 356.12 358.25 Td (the ) Tj ET Q q 0 0 0 rg BT 370.84 358.25 Td (commencement ) Tj ET Q q 0 0 0 rg BT 436.65 358.25 Td (of ) Tj ET Q q 0 0 0 rg BT 447.48 358.25 Td (a ) Tj ET Q q 0 0 0 rg BT 454.43 358.25 Td (new ) Tj ET Q q 0 0 0 rg BT 473.59 358.25 Td (follow-on ) Tj ET Q q 0 0 0 rg BT 515.53 358.25 Td (of) Tj ET Q q 0 0 0 rg BT 523.68 358.25 Td (fering, ) Tj ET Q q 0 0 0 rg BT 552.56 358.25 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.25 Td (event ) Tj ET Q q 0 0 0 rg BT 74.88 346.25 Td (that ) Tj ET Q q 0 0 0 rg BT 93.11 346.25 Td (results ) Tj ET Q q 0 0 0 rg BT 122.44 346.25 Td (in ) Tj ET Q q 0 0 0 rg BT 133.45 346.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 178.89 346.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 214.32 346.25 Td (to ) Tj ET Q q 0 0 0 rg BT 225.33 346.25 Td (the ) Tj ET Q q 0 0 0 rg BT 240.77 346.25 Td (value ) Tj ET Q q 0 0 0 rg BT 265.65 346.25 Td (of ) Tj ET Q q 0 0 0 rg BT 277.21 346.25 Td (our ) Tj ET Q q 0 0 0 rg BT 293.77 346.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 320.33 346.25 Td (or ) Tj ET Q q 0 0 0 rg BT 331.88 346.25 Td (the ) Tj ET Q q 0 0 0 rg BT 347.33 346.25 Td (adoption ) Tj ET Q q 0 0 0 rg BT 385.55 346.25 Td (of ) Tj ET Q q 0 0 0 rg BT 397.11 346.25 Td (new ) Tj ET Q q 0 0 0 rg BT 417.00 346.25 Td (rules ) Tj ET Q q 0 0 0 rg BT 439.66 346.25 Td (by ) Tj ET Q q 0 0 0 rg BT 452.89 346.25 Td (FINRA) Tj ET Q q 0 0 0 rg BT 482.34 346.25 Td ( ) Tj ET Q q 0 0 0 rg BT 485.57 346.25 Td (or ) Tj ET Q q 0 0 0 rg BT 497.13 346.25 Td (other ) Tj ET Q q 0 0 0 rg BT 520.90 346.25 Td (regulatory ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.25 Td (authorities.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 310.25 Td (New ) Tj ET Q q 0 0 0 rg BT 71.41 310.25 Td (Price ) Tj ET Q q 0 0 0 rg BT 96.14 310.25 Td (per ) Tj ET Q q 0 0 0 rg BT 112.54 310.25 Td (Share ) Tj ET Q q 0 0 0 rg BT 140.07 310.25 Td (Under ) Tj ET Q q 0 0 0 rg BT 169.26 310.25 Td (our ) Tj ET Q q 0 0 0 rg BT 186.79 310.25 Td (Distribution ) Tj ET Q q 0 0 0 rg BT 239.88 310.25 Td (Reinvestment ) Tj ET Q q 0 0 0 rg BT 298.51 310.25 Td (Plan ) Tj ET Q q 0 0 0 rg BT 321.03 310.25 Td (and ) Tj ET Q q 0 0 0 rg BT 339.67 310.25 Td (New ) Tj ET Q q 0 0 0 rg BT 361.07 310.25 Td (Redemption ) Tj ET Q q 0 0 0 rg BT 413.59 310.25 Td (Price ) Tj ET Q q 0 0 0 rg BT 438.32 310.25 Td (Under ) Tj ET Q q 0 0 0 rg BT 467.51 310.25 Td (our ) Tj ET Q q 0 0 0 rg BT 485.04 310.25 Td (Share ) Tj ET Q q 0 0 0 rg BT 512.57 310.25 Td (Redemption ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 298.25 Td (Program) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 276.25 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 105.74 276.25 Td (to ) Tj ET Q q 0 0 0 rg BT 116.25 276.25 Td (the ) Tj ET Q q 0 0 0 rg BT 131.21 276.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 156.16 276.25 Td (of ) Tj ET Q q 0 0 0 rg BT 167.23 276.25 Td (our ) Tj ET Q q 0 0 0 rg BT 183.29 276.25 Td (distribution ) Tj ET Q q 0 0 0 rg BT 232.14 276.25 Td (reinvestment ) Tj ET Q q 0 0 0 rg BT 286.53 276.25 Td (plan, ) Tj ET Q q 0 0 0 rg BT 308.98 276.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 336.71 276.25 Td (are ) Tj ET Q q 0 0 0 rg BT 351.65 276.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 379.39 276.25 Td (at ) Tj ET Q q 0 0 0 rg BT 389.35 276.25 Td (the ) Tj ET Q q 0 0 0 rg BT 404.30 276.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 445.36 276.25 Td (NA) Tj ET Q q 0 0 0 rg BT 458.51 276.25 Td (V) Tj ET Q q 0 0 0 rg BT 465.55 276.25 Td ( ) Tj ET Q q 0 0 0 rg BT 468.29 276.25 Td (per ) Tj ET Q q 0 0 0 rg BT 483.79 276.25 Td (share ) Tj ET Q q 0 0 0 rg BT 507.63 276.25 Td (most ) Tj ET Q q 0 0 0 rg BT 529.81 276.25 Td (recently ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 264.25 Td (disclosed ) Tj ET Q q 0 0 0 rg BT 89.35 264.25 Td (by ) Tj ET Q q 0 0 0 rg BT 101.48 264.25 Td (us ) Tj ET Q q 0 0 0 rg BT 112.51 264.25 Td (in ) Tj ET Q q 0 0 0 rg BT 122.42 264.25 Td (a ) Tj ET Q q 0 0 0 rg BT 128.99 264.25 Td (filing ) Tj ET Q q 0 0 0 rg BT 152.79 264.25 Td (with ) Tj ET Q q 0 0 0 rg BT 172.71 264.25 Td (the ) Tj ET Q q 0 0 0 rg BT 187.06 264.25 Td (Securities ) Tj ET Q q 0 0 0 rg BT 228.62 264.25 Td (and ) Tj ET Q q 0 0 0 rg BT 245.20 264.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 286.75 264.25 Td (Commission ) Tj ET Q q 0 0 0 rg BT 339.45 264.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 357.13 264.25 Td (SEC\). ) Tj ET Q q 0 0 0 rg BT 392.31 264.25 Td ( ) Tj ET Q q 0 0 0 rg BT 393.98 264.25 Td (As ) Tj ET Q q 0 0 0 rg BT 407.22 264.25 Td (described ) Tj ET Q q 0 0 0 rg BT 447.67 264.25 Td (above, ) Tj ET Q q 0 0 0 rg BT 476.18 264.25 Td (our ) Tj ET Q q 0 0 0 rg BT 491.65 264.25 Td (board ) Tj ET Q q 0 0 0 rg BT 516.55 264.25 Td (of ) Tj ET Q q 0 0 0 rg BT 527.01 264.25 Td (directors ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 252.25 Td (has ) Tj ET Q q 0 0 0 rg BT 65.72 252.25 Td (approved ) Tj ET Q q 0 0 0 rg BT 105.32 252.25 Td (a ) Tj ET Q q 0 0 0 rg BT 112.15 252.25 Td (new ) Tj ET Q q 0 0 0 rg BT 131.21 252.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 171.92 252.25 Td (NA) Tj ET Q q 0 0 0 rg BT 185.07 252.25 Td (V) Tj ET Q q 0 0 0 rg BT 192.11 252.25 Td ( ) Tj ET Q q 0 0 0 rg BT 194.51 252.25 Td (per ) Tj ET Q q 0 0 0 rg BT 209.67 252.25 Td (share ) Tj ET Q q 0 0 0 rg BT 233.16 252.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.88 252.25 Td ($9.65) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.38 252.25 Td (. ) Tj ET Q q 0 0 0 rg BT 271.27 252.25 Td ( ) Tj ET Q q 0 0 0 rg BT 273.14 252.25 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 322.48 252.25 Td (, ) Tj ET Q q 0 0 0 rg BT 327.37 252.25 Td (starting ) Tj ET Q q 0 0 0 rg BT 359.76 252.25 Td (with ) Tj ET Q q 0 0 0 rg BT 379.93 252.25 Td (distributions ) Tj ET Q q 0 0 0 rg BT 432.32 252.25 Td (declared ) Tj ET Q q 0 0 0 rg BT 468.58 252.25 Td (for ) Tj ET Q q 0 0 0 rg BT 482.63 252.25 Td (the ) Tj ET Q q 0 0 0 rg BT 497.24 252.25 Td (month ) Tj ET Q q 0 0 0 rg BT 525.19 252.25 Td (of ) Tj ET Q q 0 0 0 rg BT 535.91 252.25 Td (March ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 240.25 Td (2017, ) Tj ET Q q 0 0 0 rg BT 74.30 240.25 Td (which ) Tj ET Q q 0 0 0 rg BT 100.54 240.25 Td (are ) Tj ET Q q 0 0 0 rg BT 114.54 240.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 151.88 240.25 Td (to ) Tj ET Q q 0 0 0 rg BT 161.45 240.25 Td (be ) Tj ET Q q 0 0 0 rg BT 172.69 240.25 Td (paid ) Tj ET Q q 0 0 0 rg BT 191.71 240.25 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.11 240.25 Td (April3, ) Tj ET Q q 0 0 0 rg BT 236.02 240.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.02 240.25 Td (, ) Tj ET Q q 0 0 0 rg BT 260.32 240.25 Td (participants ) Tj ET Q q 0 0 0 rg BT 308.77 240.25 Td (in ) Tj ET Q q 0 0 0 rg BT 318.34 240.25 Td (our ) Tj ET Q q 0 0 0 rg BT 333.47 240.25 Td (distribution ) Tj ET Q q 0 0 0 rg BT 381.39 240.25 Td (reinvestment ) Tj ET Q q 0 0 0 rg BT 434.83 240.25 Td (plan ) Tj ET Q q 0 0 0 rg BT 453.85 240.25 Td (will ) Tj ET Q q 0 0 0 rg BT 471.21 240.25 Td (have ) Tj ET Q q 0 0 0 rg BT 491.88 240.25 Td (their ) Tj ET Q q 0 0 0 rg BT 512.01 240.25 Td (distributions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 228.25 Td (reinvested ) Tj ET Q q 0 0 0 rg BT 93.22 228.25 Td (in ) Tj ET Q q 0 0 0 rg BT 103.13 228.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 130.25 228.25 Td (of ) Tj ET Q q 0 0 0 rg BT 140.70 228.25 Td (the ) Tj ET Q q 0 0 0 rg BT 155.05 228.25 Td (same ) Tj ET Q q 0 0 0 rg BT 177.72 228.25 Td (class ) Tj ET Q q 0 0 0 rg BT 199.29 228.25 Td (as ) Tj ET Q q 0 0 0 rg BT 209.75 228.25 Td (the ) Tj ET Q q 0 0 0 rg BT 224.09 228.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 251.21 228.25 Td (on ) Tj ET Q q 0 0 0 rg BT 263.34 228.25 Td (which ) Tj ET Q q 0 0 0 rg BT 289.91 228.25 Td (the ) Tj ET Q q 0 0 0 rg BT 304.25 228.25 Td (distributions ) Tj ET Q q 0 0 0 rg BT 356.38 228.25 Td (are ) Tj ET Q q 0 0 0 rg BT 370.72 228.25 Td (being ) Tj ET Q q 0 0 0 rg BT 395.06 228.25 Td (made ) Tj ET Q q 0 0 0 rg BT 418.85 228.25 Td (at ) Tj ET Q q 0 0 0 rg BT 428.19 228.25 Td (a ) Tj ET Q q 0 0 0 rg BT 434.76 228.25 Td (price ) Tj ET Q q 0 0 0 rg BT 456.87 228.25 Td (equal ) Tj ET Q q 0 0 0 rg BT 480.65 228.25 Td (to ) Tj ET Q q 0 0 0 rg BT 490.56 228.25 Td (the ) Tj ET Q q 0 0 0 rg BT 504.90 228.25 Td (new ) Tj ET Q q 0 0 0 rg BT 523.69 228.25 Td (estimated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 216.25 Td (NA) Tj ET Q q 0 0 0 rg BT 63.15 216.25 Td (V) Tj ET Q q 0 0 0 rg BT 70.20 216.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.70 216.25 Td (per ) Tj ET Q q 0 0 0 rg BT 87.96 216.25 Td (share ) Tj ET Q q 0 0 0 rg BT 111.56 216.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.39 216.25 Td ($9.65) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.89 216.25 Td (, ) Tj ET Q q 0 0 0 rg BT 149.89 216.25 Td (rather ) Tj ET Q q 0 0 0 rg BT 175.71 216.25 Td (than ) Tj ET Q q 0 0 0 rg BT 195.42 216.25 Td (at ) Tj ET Q q 0 0 0 rg BT 205.14 216.25 Td (the ) Tj ET Q q 0 0 0 rg BT 219.86 216.25 Td (previous ) Tj ET Q q 0 0 0 rg BT 256.80 216.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 297.62 216.25 Td (NA) Tj ET Q q 0 0 0 rg BT 310.77 216.25 Td (V) Tj ET Q q 0 0 0 rg BT 317.81 216.25 Td ( ) Tj ET Q q 0 0 0 rg BT 320.31 216.25 Td (per ) Tj ET Q q 0 0 0 rg BT 335.58 216.25 Td (share ) Tj ET Q q 0 0 0 rg BT 359.18 216.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.01 216.25 Td ($9.03) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.51 216.25 Td (. ) Tj ET Q q 0 0 0 rg BT 397.51 216.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 192.25 Td (In ) Tj ET Q q 0 0 0 rg BT 78.39 192.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 115.72 192.25 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 152.22 192.25 Td (to ) Tj ET Q q 0 0 0 rg BT 162.06 192.25 Td (the ) Tj ET Q q 0 0 0 rg BT 176.34 192.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 200.62 192.25 Td (of ) Tj ET Q q 0 0 0 rg BT 211.01 192.25 Td (our ) Tj ET Q q 0 0 0 rg BT 226.40 192.25 Td (share ) Tj ET Q q 0 0 0 rg BT 249.56 192.25 Td (redemption ) Tj ET Q q 0 0 0 rg BT 297.16 192.25 Td (program, ) Tj ET Q q 0 0 0 rg BT 335.60 192.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 365.98 192.25 Td (to ) Tj ET Q q 0 0 0 rg BT 375.82 192.25 Td (the ) Tj ET Q q 0 0 0 rg BT 390.10 192.25 Td (special ) Tj ET Q q 0 0 0 rg BT 419.92 192.25 Td (pricing ) Tj ET Q q 0 0 0 rg BT 450.31 192.25 Td (available ) Tj ET Q q 0 0 0 rg BT 488.46 192.25 Td (in ) Tj ET Q q 0 0 0 rg BT 498.30 192.25 Td (connection ) Tj ET Q q 0 0 0 rg BT 544.23 192.25 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 180.25 Td (the ) Tj ET Q q 0 0 0 rg BT 65.09 180.25 Td (death ) Tj ET Q q 0 0 0 rg BT 89.62 180.25 Td (or ) Tj ET Q q 0 0 0 rg BT 100.82 180.25 Td (disability ) Tj ET Q q 0 0 0 rg BT 140.92 180.25 Td (of ) Tj ET Q q 0 0 0 rg BT 152.12 180.25 Td (a ) Tj ET Q q 0 0 0 rg BT 159.43 180.25 Td (stockholder) Tj ET Q q 0 0 0 rg BT 205.69 180.25 Td (, ) Tj ET Q q 0 0 0 rg BT 211.06 180.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 238.93 180.25 Td (are ) Tj ET Q q 0 0 0 rg BT 254.01 180.25 Td (redeemed ) Tj ET Q q 0 0 0 rg BT 295.74 180.25 Td (at ) Tj ET Q q 0 0 0 rg BT 305.83 180.25 Td (the ) Tj ET Q q 0 0 0 rg BT 320.92 180.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 362.12 180.25 Td (NA) Tj ET Q q 0 0 0 rg BT 375.27 180.25 Td (V) Tj ET Q q 0 0 0 rg BT 382.31 180.25 Td ( ) Tj ET Q q 0 0 0 rg BT 385.19 180.25 Td (per ) Tj ET Q q 0 0 0 rg BT 400.83 180.25 Td (share ) Tj ET Q q 0 0 0 rg BT 424.80 180.25 Td (most ) Tj ET Q q 0 0 0 rg BT 447.12 180.25 Td (recently ) Tj ET Q q 0 0 0 rg BT 482.20 180.25 Td (disclosed ) Tj ET Q q 0 0 0 rg BT 522.29 180.25 Td (by ) Tj ET Q q 0 0 0 rg BT 535.16 180.25 Td (us ) Tj ET Q q 0 0 0 rg BT 546.93 180.25 Td (in ) Tj ET Q q 0 0 0 rg BT 557.58 180.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 168.25 Td (filing ) Tj ET Q q 0 0 0 rg BT 73.90 168.25 Td (with ) Tj ET Q q 0 0 0 rg BT 93.91 168.25 Td (the ) Tj ET Q q 0 0 0 rg BT 108.36 168.25 Td (SEC. ) Tj ET Q q 0 0 0 rg BT 131.44 168.25 Td ( ) Tj ET Q q 0 0 0 rg BT 133.67 168.25 Td (In ) Tj ET Q q 0 0 0 rg BT 144.23 168.25 Td (connection ) Tj ET Q q 0 0 0 rg BT 190.34 168.25 Td (with ) Tj ET Q q 0 0 0 rg BT 210.35 168.25 Td (the ) Tj ET Q q 0 0 0 rg BT 224.80 168.25 Td (approval ) Tj ET Q q 0 0 0 rg BT 262.02 168.25 Td (by ) Tj ET Q q 0 0 0 rg BT 274.26 168.25 Td (our ) Tj ET Q q 0 0 0 rg BT 289.82 168.25 Td (board ) Tj ET Q q 0 0 0 rg BT 314.82 168.25 Td (of ) Tj ET Q q 0 0 0 rg BT 325.39 168.25 Td (directors ) Tj ET Q q 0 0 0 rg BT 362.60 168.25 Td (of ) Tj ET Q q 0 0 0 rg BT 373.17 168.25 Td (the ) Tj ET Q q 0 0 0 rg BT 387.62 168.25 Td (new ) Tj ET Q q 0 0 0 rg BT 406.51 168.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 447.07 168.25 Td (NA) Tj ET Q q 0 0 0 rg BT 460.22 168.25 Td (V) Tj ET Q q 0 0 0 rg BT 467.26 168.25 Td ( ) Tj ET Q q 0 0 0 rg BT 469.50 168.25 Td (per ) Tj ET Q q 0 0 0 rg BT 484.50 168.25 Td (share, ) Tj ET Q q 0 0 0 rg BT 510.33 168.25 Td (per ) Tj ET Q q 0 0 0 rg BT 525.33 168.25 Td (the ) Tj ET Q q 0 0 0 rg BT 539.79 168.25 Td (terms ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 156.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.75 156.25 Td (our ) Tj ET Q q 0 0 0 rg BT 76.49 156.25 Td (share ) Tj ET Q q 0 0 0 rg BT 100.01 156.25 Td (redemption ) Tj ET Q q 0 0 0 rg BT 147.97 156.25 Td (program, ) Tj ET Q q 0 0 0 rg BT 186.76 156.25 Td (beginning ) Tj ET Q q 0 0 0 rg BT 229.17 156.25 Td (on ) Tj ET Q q 0 0 0 rg BT 241.59 156.25 Td (our ) Tj ET Q q 0 0 0 rg BT 257.34 156.25 Td (next ) Tj ET Q q 0 0 0 rg BT 276.97 156.25 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 319.38 156.25 Td (redemption ) Tj ET Q q 0 0 0 rg BT 367.33 156.25 Td (date, ) Tj ET Q q 0 0 0 rg BT 388.91 156.25 Td (which ) Tj ET Q q 0 0 0 rg BT 415.76 156.25 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.32 156.25 Td (April3, ) Tj ET Q q 0 0 0 rg BT 457.84 156.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.84 156.25 Td (, ) Tj ET Q q 0 0 0 rg BT 482.76 156.25 Td (the ) Tj ET Q q 0 0 0 rg BT 497.39 156.25 Td (new ) Tj ET Q q 0 0 0 rg BT 516.47 156.25 Td (redemption ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 144.25 Td (price ) Tj ET Q q 0 0 0 rg BT 72.31 144.25 Td (will ) Tj ET Q q 0 0 0 rg BT 90.19 144.25 Td (be ) Tj ET Q q 0 0 0 rg BT 101.95 144.25 Td (equal ) Tj ET Q q 0 0 0 rg BT 125.92 144.25 Td (to ) Tj ET Q q 0 0 0 rg BT 136.02 144.25 Td (the ) Tj ET Q q 0 0 0 rg BT 150.56 144.25 Td (new ) Tj ET Q q 0 0 0 rg BT 169.54 144.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 210.19 144.25 Td (NA) Tj ET Q q 0 0 0 rg BT 223.34 144.25 Td (V) Tj ET Q q 0 0 0 rg BT 230.38 144.25 Td ( ) Tj ET Q q 0 0 0 rg BT 232.70 144.25 Td (per ) Tj ET Q q 0 0 0 rg BT 247.79 144.25 Td (share ) Tj ET Q q 0 0 0 rg BT 271.21 144.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.87 144.25 Td ($9.65) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.37 144.25 Td (, ) Tj ET Q q 0 0 0 rg BT 309.19 144.25 Td (rather ) Tj ET Q q 0 0 0 rg BT 334.82 144.25 Td (than ) Tj ET Q q 0 0 0 rg BT 354.36 144.25 Td (the ) Tj ET Q q 0 0 0 rg BT 368.90 144.25 Td (previous ) Tj ET Q q 0 0 0 rg BT 405.66 144.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 446.30 144.25 Td (NA) Tj ET Q q 0 0 0 rg BT 459.46 144.25 Td (V) Tj ET Q q 0 0 0 rg BT 466.50 144.25 Td ( ) Tj ET Q q 0 0 0 rg BT 468.82 144.25 Td (per ) Tj ET Q q 0 0 0 rg BT 483.91 144.25 Td (share ) Tj ET Q q 0 0 0 rg BT 507.33 144.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.98 144.25 Td ($9.03) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.48 144.25 Td (. ) Tj ET Q q 0 0 0 rg BT 544.79 144.25 Td (Any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 132.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 77.34 132.25 Td (tendered ) Tj ET Q q 0 0 0 rg BT 114.12 132.25 Td (for ) Tj ET Q q 0 0 0 rg BT 128.13 132.25 Td (redemption ) Tj ET Q q 0 0 0 rg BT 176.03 132.25 Td (in ) Tj ET Q q 0 0 0 rg BT 186.16 132.25 Td (connection ) Tj ET Q q 0 0 0 rg BT 232.38 132.25 Td (with ) Tj ET Q q 0 0 0 rg BT 252.51 132.25 Td (the ) Tj ET Q q 0 0 0 rg BT 267.08 132.25 Td (death ) Tj ET Q q 0 0 0 rg BT 291.09 132.25 Td (or ) Tj ET Q q 0 0 0 rg BT 301.77 132.25 Td (disability ) Tj ET Q q 0 0 0 rg BT 341.35 132.25 Td (of ) Tj ET Q q 0 0 0 rg BT 352.03 132.25 Td (a ) Tj ET Q q 0 0 0 rg BT 358.82 132.25 Td (stockholder ) Tj ET Q q 0 0 0 rg BT 407.83 132.25 Td (will ) Tj ET Q q 0 0 0 rg BT 425.74 132.25 Td (continue ) Tj ET Q q 0 0 0 rg BT 462.52 132.25 Td (to ) Tj ET Q q 0 0 0 rg BT 472.65 132.25 Td (be ) Tj ET Q q 0 0 0 rg BT 484.45 132.25 Td (redeemed ) Tj ET Q q 0 0 0 rg BT 525.66 132.25 Td (at ) Tj ET Q q 0 0 0 rg BT 535.23 132.25 Td (a ) Tj ET Q q 0 0 0 rg BT 542.02 132.25 Td (price ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 120.25 Td (equal ) Tj ET Q q 0 0 0 rg BT 74.16 120.25 Td (to ) Tj ET Q q 0 0 0 rg BT 84.43 120.25 Td (the ) Tj ET Q q 0 0 0 rg BT 99.15 120.25 Td (price ) Tj ET Q q 0 0 0 rg BT 121.64 120.25 Td (paid ) Tj ET Q q 0 0 0 rg BT 141.35 120.25 Td (to ) Tj ET Q q 0 0 0 rg BT 151.63 120.25 Td (acquire ) Tj ET Q q 0 0 0 rg BT 183.55 120.25 Td (such ) Tj ET Q q 0 0 0 rg BT 204.38 120.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 231.88 120.25 Td (from ) Tj ET Q q 0 0 0 rg BT 253.81 120.25 Td (us, ) Tj ET Q q 0 0 0 rg BT 267.71 120.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 298.53 120.25 Td (to ) Tj ET Q q 0 0 0 rg BT 308.81 120.25 Td (the ) Tj ET Q q 0 0 0 rg BT 323.53 120.25 Td (limitations ) Tj ET Q q 0 0 0 rg BT 368.80 120.25 Td (of ) Tj ET Q q 0 0 0 rg BT 379.63 120.25 Td (our ) Tj ET Q q 0 0 0 rg BT 395.46 120.25 Td (share ) Tj ET Q q 0 0 0 rg BT 419.06 120.25 Td (redemption ) Tj ET Q q 0 0 0 rg BT 467.10 120.25 Td (program.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 96.25 Td (April ) Tj ET Q q 0 0 0 rg BT 75.28 96.25 Td (2017 ) Tj ET Q q 0 0 0 rg BT 97.78 96.25 Td (Distributions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 72.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 86.20 72.25 Td (board ) Tj ET Q q 0 0 0 rg BT 111.61 72.25 Td (of ) Tj ET Q q 0 0 0 rg BT 122.59 72.25 Td (directors ) Tj ET Q q 0 0 0 rg BT 160.22 72.25 Td (has ) Tj ET Q q 0 0 0 rg BT 176.19 72.25 Td (authorized ) Tj ET Q q 0 0 0 rg BT 221.04 72.25 Td (us ) Tj ET Q q 0 0 0 rg BT 232.58 72.25 Td (to ) Tj ET Q q 0 0 0 rg BT 243.00 72.25 Td (declare ) Tj ET Q q 0 0 0 rg BT 274.51 72.25 Td (distributions ) Tj ET Q q 0 0 0 rg BT 327.16 72.25 Td (for ) Tj ET Q q 0 0 0 rg BT 341.47 72.25 Td (the ) Tj ET Q q 0 0 0 rg BT 356.33 72.25 Td (month ) Tj ET Q q 0 0 0 rg BT 384.53 72.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.92 72.25 Td (April ) Tj ET Q q 0 0 0 rg BT 418.68 72.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.68 72.25 Td (. ) Tj ET Q q 0 0 0 rg BT 443.82 72.25 Td ( ) Tj ET Q q 0 0 0 rg BT 446.47 72.25 Td (Distributions ) Tj ET Q q 0 0 0 rg BT 501.34 72.25 Td (for ) Tj ET Q q 0 0 0 rg BT 515.64 72.25 Td (our ) Tj ET Q q 0 0 0 rg BT 531.62 72.25 Td (Class ) Tj ET Q q 0 0 0 rg BT 555.35 72.25 Td (A) Tj ET Q q 0 0 0 rg BT 562.02 72.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 60.25 Td (Shares ) Tj ET Q q 0 0 0 rg BT 78.35 60.25 Td (will ) Tj ET Q q 0 0 0 rg BT 95.60 60.25 Td (be ) Tj ET Q q 0 0 0 rg BT 106.74 60.25 Td (calculated ) Tj ET Q q 0 0 0 rg BT 148.96 60.25 Td (based ) Tj ET Q q 0 0 0 rg BT 173.42 60.25 Td (on ) Tj ET Q q 0 0 0 rg BT 185.11 60.25 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 237.35 60.25 Td (of ) Tj ET Q q 0 0 0 rg BT 247.38 60.25 Td (record ) Tj ET Q q 0 0 0 rg BT 274.61 60.25 Td (each ) Tj ET Q q 0 0 0 rg BT 294.61 60.25 Td (day ) Tj ET Q q 0 0 0 rg BT 310.75 60.25 Td (for ) Tj ET Q q 0 0 0 rg BT 324.10 60.25 Td (the ) Tj ET Q q 0 0 0 rg BT 338.01 60.25 Td (month ) Tj ET Q q 0 0 0 rg BT 365.26 60.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.91 60.25 Td (April ) Tj ET Q q 0 0 0 rg BT 397.71 60.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.71 60.25 Td ( ) Tj ET Q q 0 0 0 rg BT 419.40 60.25 Td (in ) Tj ET Q q 0 0 0 rg BT 428.88 60.25 Td (an ) Tj ET Q q 0 0 0 rg BT 440.01 60.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 471.70 60.25 Td (equal ) Tj ET Q q 0 0 0 rg BT 495.04 60.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.52 60.25 Td ($0.001643836) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 48.25 Td (per ) Tj ET Q q 0 0 0 rg BT 64.96 48.25 Td (share, ) Tj ET Q q 0 0 0 rg BT 90.75 48.25 Td (per ) Tj ET Q q 0 0 0 rg BT 105.71 48.25 Td (day) Tj ET Q q 0 0 0 rg BT 119.49 48.25 Td (. ) Tj ET Q q 0 0 0 rg BT 124.18 48.25 Td ( ) Tj ET Q q 0 0 0 rg BT 126.37 48.25 Td (Distributions ) Tj ET Q q 0 0 0 rg BT 180.79 48.25 Td (for ) Tj ET Q q 0 0 0 rg BT 194.64 48.25 Td (our ) Tj ET Q q 0 0 0 rg BT 210.16 48.25 Td (Class ) Tj ET Q q 0 0 0 rg BT 233.86 48.25 Td (T) Tj ET Q q 0 0 0 rg BT 239.79 48.25 Td ( ) Tj ET Q q 0 0 0 rg BT 241.98 48.25 Td (Shares ) Tj ET Q q 0 0 0 rg BT 270.83 48.25 Td (will ) Tj ET Q q 0 0 0 rg BT 288.58 48.25 Td (be ) Tj ET Q q 0 0 0 rg BT 300.21 48.25 Td (calculated ) Tj ET Q q 0 0 0 rg BT 342.92 48.25 Td (based ) Tj ET Q q 0 0 0 rg BT 367.88 48.25 Td (on ) Tj ET Q q 0 0 0 rg BT 380.07 48.25 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 432.81 48.25 Td (of ) Tj ET Q q 0 0 0 rg BT 443.33 48.25 Td (record ) Tj ET Q q 0 0 0 rg BT 471.06 48.25 Td (each ) Tj ET Q q 0 0 0 rg BT 491.56 48.25 Td (day ) Tj ET Q q 0 0 0 rg BT 508.19 48.25 Td (for ) Tj ET Q q 0 0 0 rg BT 522.04 48.25 Td (the ) Tj ET Q q 0 0 0 rg BT 536.45 48.25 Td (month ) Tj ET Q endstream endobj 13 0 obj <> endobj 14 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.22 742.10 Td (April ) Tj ET Q q 0 0 0 rg BT 83.76 742.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.76 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 106.19 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 116.40 742.10 Td (an ) Tj ET Q q 0 0 0 rg BT 128.27 742.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 160.69 742.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 184.77 742.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.98 742.10 Td ($0.001643836) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.48 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 254.91 742.10 Td (per ) Tj ET Q q 0 0 0 rg BT 270.11 742.10 Td (share, ) Tj ET Q q 0 0 0 rg BT 296.14 742.10 Td (per ) Tj ET Q q 0 0 0 rg BT 311.33 742.10 Td (day ) Tj ET Q q 0 0 0 rg BT 328.20 742.10 Td (less ) Tj ET Q q 0 0 0 rg BT 345.63 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 360.28 742.10 Td (distribution ) Tj ET Q q 0 0 0 rg BT 408.82 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 425.69 742.10 Td (stockholder ) Tj ET Q q 0 0 0 rg BT 474.77 742.10 Td (servicing ) Tj ET Q q 0 0 0 rg BT 513.86 742.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 532.38 742.10 Td (that ) Tj ET Q q 0 0 0 rg BT 549.81 742.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 83.79 730.10 Td (with ) Tj ET Q q 0 0 0 rg BT 104.27 730.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 135.29 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 145.77 730.10 Td (such ) Tj ET Q q 0 0 0 rg BT 166.80 730.10 Td (Class ) Tj ET Q q 0 0 0 rg BT 190.97 730.10 Td (T) Tj ET Q q 0 0 0 rg BT 196.90 730.10 Td ( ) Tj ET Q q 0 0 0 rg BT 199.60 730.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 228.96 730.10 Td (\(as ) Tj ET Q q 0 0 0 rg BT 243.32 730.10 Td (calculated ) Tj ET Q q 0 0 0 rg BT 286.55 730.10 Td (on ) Tj ET Q q 0 0 0 rg BT 299.25 730.10 Td (a ) Tj ET Q q 0 0 0 rg BT 306.39 730.10 Td (daily ) Tj ET Q q 0 0 0 rg BT 329.08 730.10 Td (basis\). ) Tj ET Q q 0 0 0 rg BT 357.61 730.10 Td ( ) Tj ET Q q 0 0 0 rg BT 360.12 730.10 Td (This ) Tj ET Q q 0 0 0 rg BT 380.60 730.10 Td (per ) Tj ET Q q 0 0 0 rg BT 396.06 730.10 Td (share, ) Tj ET Q q 0 0 0 rg BT 422.36 730.10 Td (per ) Tj ET Q q 0 0 0 rg BT 437.83 730.10 Td (day ) Tj ET Q q 0 0 0 rg BT 454.97 730.10 Td (distribution ) Tj ET Q q 0 0 0 rg BT 503.78 730.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 521.47 730.10 Td (represents ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (an ) Tj ET Q q 0 0 0 rg BT 63.05 718.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 99.42 718.10 Td (from ) Tj ET Q q 0 0 0 rg BT 122.48 718.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.31 718.10 Td ($0.001594766) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.81 718.10 Td ( ) Tj ET Q q 0 0 0 rg BT 199.42 718.10 Td (per ) Tj ET Q q 0 0 0 rg BT 215.80 718.10 Td (share, ) Tj ET Q q 0 0 0 rg BT 243.02 718.10 Td (per ) Tj ET Q q 0 0 0 rg BT 259.40 718.10 Td (day ) Tj ET Q q 0 0 0 rg BT 277.45 718.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 296.05 718.10 Td (\(less, ) Tj ET Q q 0 0 0 rg BT 320.50 718.10 Td (with ) Tj ET Q q 0 0 0 rg BT 341.89 718.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 373.82 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 385.22 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 401.05 718.10 Td (distributions ) Tj ET Q q 0 0 0 rg BT 454.67 718.10 Td (on ) Tj ET Q q 0 0 0 rg BT 468.28 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 484.11 718.10 Td (Class ) Tj ET Q q 0 0 0 rg BT 509.14 718.10 Td (T) Tj ET Q q 0 0 0 rg BT 515.06 718.10 Td ( ) Tj ET Q q 0 0 0 rg BT 518.68 718.10 Td (shares, ) Tj ET Q q 0 0 0 rg BT 549.78 718.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (distribution ) Tj ET Q q 0 0 0 rg BT 97.90 706.10 Td (and ) Tj ET Q q 0 0 0 rg BT 114.13 706.10 Td (stockholder ) Tj ET Q q 0 0 0 rg BT 162.58 706.10 Td (servicing ) Tj ET Q q 0 0 0 rg BT 201.03 706.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 218.92 706.10 Td (that ) Tj ET Q q 0 0 0 rg BT 235.70 706.10 Td (are ) Tj ET Q q 0 0 0 rg BT 249.70 706.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 282.58 706.10 Td (with ) Tj ET Q q 0 0 0 rg BT 302.15 706.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 332.26 706.10 Td (to ) Tj ET Q q 0 0 0 rg BT 341.83 706.10 Td (such ) Tj ET Q q 0 0 0 rg BT 361.95 706.10 Td (shares\) ) Tj ET Q q 0 0 0 rg BT 392.06 706.10 Td (declared ) Tj ET Q q 0 0 0 rg BT 427.72 706.10 Td (in ) Tj ET Q q 0 0 0 rg BT 437.29 706.10 Td (each ) Tj ET Q q 0 0 0 rg BT 457.39 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 467.51 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 481.52 706.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 502.75 706.10 Td (periods. ) Tj ET Q q 0 0 0 rg BT 536.48 706.10 Td ( ) Tj ET Q q 0 0 0 rg BT 538.14 706.10 Td (These ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (distributions ) Tj ET Q q 0 0 0 rg BT 101.61 694.10 Td (will ) Tj ET Q q 0 0 0 rg BT 118.77 694.10 Td (be ) Tj ET Q q 0 0 0 rg BT 129.82 694.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 148.64 694.10 Td (in ) Tj ET Q q 0 0 0 rg BT 158.02 694.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 177.40 694.10 Td (or ) Tj ET Q q 0 0 0 rg BT 187.33 694.10 Td (reinvested ) Tj ET Q q 0 0 0 rg BT 230.03 694.10 Td (in ) Tj ET Q q 0 0 0 rg BT 239.42 694.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 266.01 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 275.95 694.10 Td (our ) Tj ET Q q 0 0 0 rg BT 290.88 694.10 Td (common ) Tj ET Q q 0 0 0 rg BT 327.48 694.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 350.20 694.10 Td (for ) Tj ET Q q 0 0 0 rg BT 363.46 694.10 Td (those ) Tj ET Q q 0 0 0 rg BT 386.18 694.10 Td (participating ) Tj ET Q q 0 0 0 rg BT 438.32 694.10 Td (in ) Tj ET Q q 0 0 0 rg BT 447.70 694.10 Td (our ) Tj ET Q q 0 0 0 rg BT 462.64 694.10 Td (distribution ) Tj ET Q q 0 0 0 rg BT 510.36 694.10 Td (reinvestment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (plan ) Tj ET Q q 0 0 0 rg BT 70.48 682.10 Td (and ) Tj ET Q q 0 0 0 rg BT 88.19 682.10 Td (will ) Tj ET Q q 0 0 0 rg BT 107.01 682.10 Td (be ) Tj ET Q q 0 0 0 rg BT 119.71 682.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 140.20 682.10 Td (or ) Tj ET Q q 0 0 0 rg BT 151.79 682.10 Td (issued, ) Tj ET Q q 0 0 0 rg BT 182.56 682.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 230.22 682.10 Td (, ) Tj ET Q q 0 0 0 rg BT 235.98 682.10 Td (on ) Tj ET Q q 0 0 0 rg BT 249.25 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 264.73 682.10 Td (first ) Tj ET Q q 0 0 0 rg BT 284.11 682.10 Td (business ) Tj ET Q q 0 0 0 rg BT 321.26 682.10 Td (day ) Tj ET Q q 0 0 0 rg BT 338.97 682.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.56 682.10 Td (May ) Tj ET Q q 0 0 0 rg BT 372.16 682.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.16 682.10 Td (. ) Tj ET Q q 0 0 0 rg BT 397.92 682.10 Td ( ) Tj ET Q q 0 0 0 rg BT 401.19 682.10 Td (Distributions ) Tj ET Q q 0 0 0 rg BT 456.68 682.10 Td (reinvested ) Tj ET Q q 0 0 0 rg BT 501.04 682.10 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 538.75 682.10 Td (to ) Tj ET Q q 0 0 0 rg BT 549.79 682.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (distribution ) Tj ET Q q 0 0 0 rg BT 99.16 670.10 Td (reinvestment ) Tj ET Q q 0 0 0 rg BT 153.87 670.10 Td (plan ) Tj ET Q q 0 0 0 rg BT 174.13 670.10 Td (will ) Tj ET Q q 0 0 0 rg BT 192.74 670.10 Td (be ) Tj ET Q q 0 0 0 rg BT 205.23 670.10 Td (reinvested ) Tj ET Q q 0 0 0 rg BT 249.37 670.10 Td (in ) Tj ET Q q 0 0 0 rg BT 260.20 670.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 288.24 670.10 Td (of ) Tj ET Q q 0 0 0 rg BT 299.63 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 314.89 670.10 Td (same ) Tj ET Q q 0 0 0 rg BT 338.49 670.10 Td (class ) Tj ET Q q 0 0 0 rg BT 360.98 670.10 Td (as ) Tj ET Q q 0 0 0 rg BT 372.36 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 387.63 670.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 415.67 670.10 Td (on ) Tj ET Q q 0 0 0 rg BT 428.72 670.10 Td (which ) Tj ET Q q 0 0 0 rg BT 456.21 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 471.48 670.10 Td (distributions ) Tj ET Q q 0 0 0 rg BT 524.53 670.10 Td (are ) Tj ET Q q 0 0 0 rg BT 539.79 670.10 Td (being ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (made. ) Tj ET Q q 0 0 0 rg BT 76.66 658.10 Td ( ) Tj ET Q q 0 0 0 rg BT 79.16 658.10 Td (Some ) Tj ET Q q 0 0 0 rg BT 104.43 658.10 Td (or ) Tj ET Q q 0 0 0 rg BT 115.26 658.10 Td (all ) Tj ET Q q 0 0 0 rg BT 127.76 658.10 Td (of ) Tj ET Q q 0 0 0 rg BT 138.59 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 153.31 658.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 173.57 658.10 Td (distributions ) Tj ET Q q 0 0 0 rg BT 226.08 658.10 Td (may ) Tj ET Q q 0 0 0 rg BT 245.80 658.10 Td (be ) Tj ET Q q 0 0 0 rg BT 257.73 658.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 277.45 658.10 Td (from ) Tj ET Q q 0 0 0 rg BT 299.39 658.10 Td (sources ) Tj ET Q q 0 0 0 rg BT 331.88 658.10 Td (other ) Tj ET Q q 0 0 0 rg BT 354.93 658.10 Td (than ) Tj ET Q q 0 0 0 rg BT 374.64 658.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 394.91 658.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 419.63 658.10 Td (from ) Tj ET Q q 0 0 0 rg BT 441.57 658.10 Td (operations.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (Item 9.01 Financial Statements and Exhibits.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (\(d\) Exhibits:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 589.27 Td (99.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.00 589.27 Td (Consent of Independent Valuer, Cushman & Wakefield, Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 574.27 Td (99.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.00 574.27 Td (Consent of Independent Valuer, Altus Group U.S., Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 559.27 Td (99.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.00 559.27 Td (Consent of Independent Valuer, Jones Lang LaSalle) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 519.10 Td (Forward-Looking Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 495.10 Td (This ) Tj ET Q q 0 0 0 rg BT 70.19 495.10 Td (Current ) Tj ET Q q 0 0 0 rg BT 103.15 495.10 Td (Report ) Tj ET Q q 0 0 0 rg BT 132.78 495.10 Td (on ) Tj ET Q q 0 0 0 rg BT 145.19 495.10 Td (Form ) Tj ET Q q 0 0 0 rg BT 169.27 495.10 Td (8-K ) Tj ET Q q 0 0 0 rg BT 187.24 495.10 Td (contains ) Tj ET Q q 0 0 0 rg BT 222.97 495.10 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 290.92 495.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 335.55 495.10 Td (\(including, ) Tj ET Q q 0 0 0 rg BT 381.56 495.10 Td (without ) Tj ET Q q 0 0 0 rg BT 414.53 495.10 Td (limitation, ) Tj ET Q q 0 0 0 rg BT 458.33 495.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 502.95 495.10 Td (concerning ) Tj ET Q q 0 0 0 rg BT 549.79 495.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 483.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 90.79 483.10 Td (NA) Tj ET Q q 0 0 0 rg BT 103.95 483.10 Td (V) Tj ET Q q 0 0 0 rg BT 110.99 483.10 Td ( ) Tj ET Q q 0 0 0 rg BT 113.46 483.10 Td (per ) Tj ET Q q 0 0 0 rg BT 128.70 483.10 Td (share, ) Tj ET Q q 0 0 0 rg BT 154.77 483.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 206.69 483.10 Td (made ) Tj ET Q q 0 0 0 rg BT 230.82 483.10 Td (in ) Tj ET Q q 0 0 0 rg BT 241.07 483.10 Td (determining ) Tj ET Q q 0 0 0 rg BT 291.86 483.10 Td (the ) Tj ET Q q 0 0 0 rg BT 306.55 483.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 347.34 483.10 Td (NA) Tj ET Q q 0 0 0 rg BT 360.50 483.10 Td (V) Tj ET Q q 0 0 0 rg BT 367.54 483.10 Td ( ) Tj ET Q q 0 0 0 rg BT 370.01 483.10 Td (per ) Tj ET Q q 0 0 0 rg BT 385.25 483.10 Td (share, ) Tj ET Q q 0 0 0 rg BT 411.32 483.10 Td (future ) Tj ET Q q 0 0 0 rg BT 437.67 483.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 478.47 483.10 Td (of ) Tj ET Q q 0 0 0 rg BT 489.27 483.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 509.51 483.10 Td (distributions, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 471.10 Td (future ) Tj ET Q q 0 0 0 rg BT 75.46 471.10 Td (reinvestments ) Tj ET Q q 0 0 0 rg BT 132.58 471.10 Td (of ) Tj ET Q q 0 0 0 rg BT 142.50 471.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 161.85 471.10 Td (distributions ) Tj ET Q q 0 0 0 rg BT 213.43 471.10 Td (and ) Tj ET Q q 0 0 0 rg BT 229.45 471.10 Td (future ) Tj ET Q q 0 0 0 rg BT 254.91 471.10 Td (share ) Tj ET Q q 0 0 0 rg BT 277.59 471.10 Td (redemptions\) ) Tj ET Q q 0 0 0 rg BT 331.94 471.10 Td (that ) Tj ET Q q 0 0 0 rg BT 348.52 471.10 Td (are ) Tj ET Q q 0 0 0 rg BT 362.30 471.10 Td (based ) Tj ET Q q 0 0 0 rg BT 386.66 471.10 Td (on ) Tj ET Q q 0 0 0 rg BT 398.24 471.10 Td (our ) Tj ET Q q 0 0 0 rg BT 413.15 471.10 Td (current ) Tj ET Q q 0 0 0 rg BT 443.05 471.10 Td (expectations, ) Tj ET Q q 0 0 0 rg BT 497.11 471.10 Td (plans, ) Tj ET Q q 0 0 0 rg BT 522.30 471.10 Td (estimates, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 459.10 Td (assumptions, ) Tj ET Q q 0 0 0 rg BT 105.53 459.10 Td (and ) Tj ET Q q 0 0 0 rg BT 123.55 459.10 Td (beliefs ) Tj ET Q q 0 0 0 rg BT 153.79 459.10 Td (that ) Tj ET Q q 0 0 0 rg BT 172.37 459.10 Td (involve ) Tj ET Q q 0 0 0 rg BT 205.95 459.10 Td (numerous ) Tj ET Q q 0 0 0 rg BT 248.97 459.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 271.44 459.10 Td (and ) Tj ET Q q 0 0 0 rg BT 289.46 459.10 Td (uncertainties, ) Tj ET Q q 0 0 0 rg BT 346.64 459.10 Td (including, ) Tj ET Q q 0 0 0 rg BT 390.49 459.10 Td (without ) Tj ET Q q 0 0 0 rg BT 424.63 459.10 Td (limitation, ) Tj ET Q q 0 0 0 rg BT 469.60 459.10 Td (our ) Tj ET Q q 0 0 0 rg BT 486.52 459.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 515.65 459.10 Td (to ) Tj ET Q q 0 0 0 rg BT 527.01 459.10 Td (maintain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 447.10 Td (occupancy ) Tj ET Q q 0 0 0 rg BT 95.53 447.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 121.63 447.10 Td (and ) Tj ET Q q 0 0 0 rg BT 138.85 447.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 161.61 447.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 183.26 447.10 Td (at ) Tj ET Q q 0 0 0 rg BT 193.25 447.10 Td (our ) Tj ET Q q 0 0 0 rg BT 209.36 447.10 Td (properties, ) Tj ET Q q 0 0 0 rg BT 254.62 447.10 Td (our ) Tj ET Q q 0 0 0 rg BT 270.73 447.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 299.05 447.10 Td (to ) Tj ET Q q 0 0 0 rg BT 309.61 447.10 Td (repay ) Tj ET Q q 0 0 0 rg BT 334.59 447.10 Td (or ) Tj ET Q q 0 0 0 rg BT 345.70 447.10 Td (successfully ) Tj ET Q q 0 0 0 rg BT 397.35 447.10 Td (refinance ) Tj ET Q q 0 0 0 rg BT 437.32 447.10 Td (our ) Tj ET Q q 0 0 0 rg BT 453.42 447.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 473.42 447.10 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 523.13 447.10 Td (the ) Tj ET Q q 0 0 0 rg BT 538.13 447.10 Td (future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 435.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 89.86 435.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 142.47 435.10 Td (of ) Tj ET Q q 0 0 0 rg BT 152.90 435.10 Td (our ) Tj ET Q q 0 0 0 rg BT 168.32 435.10 Td (investments, ) Tj ET Q q 0 0 0 rg BT 220.69 435.10 Td (the ) Tj ET Q q 0 0 0 rg BT 235.00 435.10 Td (level ) Tj ET Q q 0 0 0 rg BT 256.53 435.10 Td (of ) Tj ET Q q 0 0 0 rg BT 266.95 435.10 Td (participation ) Tj ET Q q 0 0 0 rg BT 319.58 435.10 Td (in ) Tj ET Q q 0 0 0 rg BT 329.45 435.10 Td (our ) Tj ET Q q 0 0 0 rg BT 344.88 435.10 Td (distribution ) Tj ET Q q 0 0 0 rg BT 393.08 435.10 Td (reinvestment ) Tj ET Q q 0 0 0 rg BT 446.83 435.10 Td (plan, ) Tj ET Q q 0 0 0 rg BT 468.64 435.10 Td (and ) Tj ET Q q 0 0 0 rg BT 485.17 435.10 Td (those ) Tj ET Q q 0 0 0 rg BT 508.37 435.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 529.36 435.10 Td (set ) Tj ET Q q 0 0 0 rg BT 542.56 435.10 Td (forth ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 423.10 Td (in ) Tj ET Q q 0 0 0 rg BT 61.92 423.10 Td (the ) Tj ET Q q 0 0 0 rg BT 78.27 423.10 Td (Risk ) Tj ET Q q 0 0 0 rg BT 105.18 423.10 Td (Factors ) Tj ET Q q 0 0 0 rg BT 143.20 423.10 Td (section ) Tj ET Q q 0 0 0 rg BT 175.66 423.10 Td (of ) Tj ET Q q 0 0 0 rg BT 188.13 423.10 Td (our ) Tj ET Q q 0 0 0 rg BT 204.68 423.10 Td (Annual ) Tj ET Q q 0 0 0 rg BT 238.26 423.10 Td (Report ) Tj ET Q q 0 0 0 rg BT 269.61 423.10 Td (on ) Tj ET Q q 0 0 0 rg BT 283.75 423.10 Td (Form10-K ) Tj ET Q q 0 0 0 rg BT 332.60 423.10 Td (for ) Tj ET Q q 0 0 0 rg BT 348.40 423.10 Td (the ) Tj ET Q q 0 0 0 rg BT 364.75 423.10 Td (year ) Tj ET Q q 0 0 0 rg BT 386.10 423.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 414.11 423.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 474.33 423.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 500.97 423.10 Td (as ) Tj ET Q q 0 0 0 rg BT 513.44 423.10 Td (amended ) Tj ET Q q 0 0 0 rg BT 553.67 423.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 411.10 Td (supplemented ) Tj ET Q q 0 0 0 rg BT 108.40 411.10 Td (by ) Tj ET Q q 0 0 0 rg BT 121.26 411.10 Td (our ) Tj ET Q q 0 0 0 rg BT 137.45 411.10 Td (other ) Tj ET Q q 0 0 0 rg BT 160.85 411.10 Td (filings ) Tj ET Q q 0 0 0 rg BT 189.27 411.10 Td (with ) Tj ET Q q 0 0 0 rg BT 209.90 411.10 Td (the ) Tj ET Q q 0 0 0 rg BT 224.98 411.10 Td (SEC. ) Tj ET Q q 0 0 0 rg BT 248.67 411.10 Td ( ) Tj ET Q q 0 0 0 rg BT 250.90 411.10 Td (Although ) Tj ET Q q 0 0 0 rg BT 291.54 411.10 Td (these ) Tj ET Q q 0 0 0 rg BT 314.94 411.10 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 383.34 411.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 428.41 411.10 Td (reflect ) Tj ET Q q 0 0 0 rg BT 456.80 411.10 Td (management) Tj ET Q q 0 0 0 rg BT 510.66 411.10 Td (s ) Tj ET Q q 0 0 0 rg BT 517.41 411.10 Td (belief ) Tj ET Q q 0 0 0 rg BT 543.04 411.10 Td (as ) Tj ET Q q 0 0 0 rg BT 554.22 411.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 399.10 Td (future ) Tj ET Q q 0 0 0 rg BT 76.49 399.10 Td (events, ) Tj ET Q q 0 0 0 rg BT 107.15 399.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 133.64 399.10 Td (events ) Tj ET Q q 0 0 0 rg BT 161.80 399.10 Td (or ) Tj ET Q q 0 0 0 rg BT 172.75 399.10 Td 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