EFTA01366539.pdf

Amendment #4 Page 110 of 868 1.0*..9t.C2aRee Cash dividend policy you snood read Me forfaung dscrissren dour cash dvidedpo%cyn coniuneacowtta *—Asstanptions and considerations" Leave which inca.des die factors and assumptions upon when we base ant cash Cl,wdend potty. In stdclairyx jou staid read -Onions& statement concern forward.'wrung Vehement,' and 'Risk facto," for utformaton rope/crag stamens tat do not relate strictly b ?Stork& or tuner{ facts africeetan risks utensil m ow business Tits forecast of taws op/fling Mures and cash available la datnbution kt Mn periods s based al ore essumplons &Lombard below and char assumptons believed by us tO be reasonable maths date a ths prospechrs However we cannot assure you that any or ay or these assumptions wet be reafted These forward-looking sta.Wrents as based open estmate-s and anumpaCnSabor4 Ocumstanoes and ...pastime have not me occurred and are sutract to aa of the unCen'ambeS MhOlent marry prclectrone This rawest should not betted upon is factor es en •cants repreSentatiOn or hare meats Futureresults wWt bedirerent from this tacos( and the deafer-4n may be maenaey MSS Wane* Fa aatabenat infamaticer regarding our hrsicnost oarribrned results of operations, you should niter to our aborted War& cornbread financed statements as c1 and for ton eftsended December 31. 2013 end 2014 and urouleted historical combffred finanotf statements as or March 31. 2015 and ice Me three months ended Starch 31.2014 and 2015 irctuderi elsewhere in this prospectus General We intend to pay mover quarterly cash dividends to hidden of our Class Acommon Stock Alter deleminng an appropriate reserve for our wonting capital needs and the prudent conduct o( o, business. our obectrve is to pay our Clan A common sbckholders a consistent and growng cash dry dend that is sustainable on a long-term Was Based on our forecast and the related assumptions and our ntertions to acquire assets with charactensbcs tamer to theta n our initial pOrtfOlCi, we expect to grow our CARD and ,crease our quarterly cash dividends over brie Our quarterly dividend will neatly be set at SO 2750 per share of in Class A common stock or $1 WOO per share on an annunzed basis. and the ternouM may be changed in the Slurs weed advance notice Ws established our initial quartedy dergelad level batted upon a targeted payout ratio by Global tiC Of approximately 85% of prbected weal rah amiable for distrention The dividend Peyail rate is not Inscribed by ow goverring documents and is subect to change based on the dscreton of ow board of directors. We expect our dvidend payout ratio to vary as we intend to increase ors &Adana despite venation' n our cash available for ctsinCution horn period to period In arklition. we may octant cur dmctend payout ratio from bme to time based on changes n ow portfolio in terms of size and scope. working capital and capdal experditte requirements. operating expenses and market condbons, including acquisition opponind es and our ablty to borrow funds and access capital markets We expect to pay a quarterly dividend on or about the 75th day blowing the expiration of each fiscal quarter to holders of our Class A cornmon stock cd record on or about the 60th day following the last day of such fecal quarter. With reaped to our first dvelend payee* on December 15, 2015 to holders of record on December 1, 2015, assuming a canplebon date of August 5, 2015. we intend to pay a pro-rated initial dividend of 50 1723 per shire. We intend to cause Global LLC 1d osmoute a portion cd as CMG) to holders c4 its units, including tomes the sole holder c4 the Class A units, to our Sponsor as the sole holder of the Ceres Bunts. pro rats based on the number Cf units held, and, if applicable, to the folders or the ICiRs (all of which will neatly be held by our Sponsor). In additon, clang the SuberChretan Period described tea's... the Class 8 tots held by ors Sporeor are deemed lu-torainatecT because for a threelear period, the Class B units will rot be eroded to receive any 102 http://cfdocs.btogo.com:27638/cf/drv7/pub/edgar/2015/07/20/0001193125-15-256461/d78... 7/20/2015 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0058067 CONFIDENTIAL SDNY_GM_00204251 EFTA01366539