Frequently Asked Questions:
Shareholder Participation in Our Investment Model

Shareholders participate through our distribution program where:

• We allocate a predetermined portion of our holdings in portfolio companies
• These holdings are distributed to shareholders proportionate to their ownership stake in our company
• Shareholders receive these at par value, not market value
• This creates direct ownership relationships between our shareholders and our portfolio companies

Eligibility typically includes:

• Current shareholders of record as of specified distribution dates
• Shareholders who meet minimum holding requirements (if applicable)
• Shareholders in good standing with all account requirements met
• Compliance with any regulatory requirements for receiving securities distributions

Distribution frequency depends on:

• The maturity and liquidity of our portfolio investments
• Market conditions and optimal timing for shareholder value
• Regulatory requirements and approval processes
• Our board's determination of appropriate distribution schedules

Distribution calculations are based on:

• Your proportionate ownership percentage in our company
• The total amount of holdings designated for distribution
• The par value of the securities being distributed
• Any applicable regulatory or legal limitations

Distributions may include:

• Equity stakes in private companies we've developed
• Shares in companies we've taken public
• Rights to future investment opportunities
• Other securities or investment vehicles in our portfolio

The distribution process typically involves:

• Notification of upcoming distributions with detailed information
• Automatic transfer of securities to your designated account
• Documentation of the transaction for tax and record-keeping purposes
• Instructions for managing your new holdings

Depending on our corporate structure and regulations:

• Some distributions may be mandatory for all shareholders
• Others may offer opt-out provisions
• Please consult with our shareholder services team for specific situations

Once you receive distributed holdings:

• You become a direct shareholder in those portfolio companies
• You may receive separate communications from those companies
• You're responsible for managing those holdings independently
• You may have voting rights and other shareholder privileges in those companies

Potential restrictions may include:

• Lock-up periods preventing immediate sale
• Transfer restrictions on private company shares
• Regulatory holding requirements
• Rights of first refusal or other contractual limitations

We provide:

• Regular updates on portfolio company performance
• Annual reports including distributed holdings performance
• Access to investor relations contacts at portfolio companies

Guidance on valuation and performance tracking

Tax implications may include:

• Taxable events upon receipt of distributions
• Basis adjustments for received securities
• Potential capital gains or losses upon future sales
• Different treatment for various types of securities Consult with your tax advisor for specific guidance

Required actions may include:

• Ensuring your shareholder information is current
• Meeting any minimum holding requirements
• Completing required documentation or agreements
• Maintaining compliance with securities regulations

We keep shareholders informed through:

• Shareholder communications and newsletters
• Direct notifications before distribution events
• Investor relations updates and conference calls

For questions or assistance:

• Contact our shareholder services department
• Reach out to investor relations for detailed inquiries

To ensure proper distribution:

• Update contact information promptly with our transfer agent
• Notify us of any changes to your investment accounts
• Ensure beneficiary information is current
• Maintain required documentation for regulatory compliance