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Wafra
Investment Advisory Group, Inc. |
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 NOTES
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Securities Division, Alternative
Investments Division, Direct Equity Division, Real Estate Division, Private
Asset Management Division and Other, commitments and assets under management are managed by Wafra
Investment Advisory Group, Inc., Wafra InterVest Corporation, Wafra
Fund Management Ltd and certain other affiliates (collectively, “Wafra”). In determining
the value of assets under management, commitments are valued at face value, publicly traded securities are generally marked to market, investment funds have been valued at their respective
net or gross asset value per share (depending on availability of data), collateralized bond obligation portfolios have been valued
on principal balance plus cash proceeds (adjusted for defaulted securities),
direct equity and privately held companies and the securities of such
companies are valued on cost, appraised value or on another reasonable
basis of the then current value of such asset or security and real estate
assets have been valued at cost, appraised market value,
or in such other manner deemed acceptable by Wafra. Notwithstanding the
foregoing valuation calculations, where special circumstances arise, the
value of an asset may be valued on a different basis at the discretion
of Wafra. In many cases Wafra has relied on information provided by third
parties. Assets under management consist of discretionary and non-discretionary
assets. Assets under management include assets which have been allocated
to other managers, under Wafra’s discretion, and the assets of accounts
which Wafra has allocated among various investment funds and opportunities,
regardless of discretion. Assets under management are generally
as of the stated date and estimated. THERE IS NO GUARANTEE THAT UNFUNDED COMMITMENTS WILL ULTIMATELY BE FUNDED.
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Notes
Legal
Information
