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Other Important Disclosures
document IMAGES-002-HOUSE_OVERSIGHT_014422.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Disclosures Important Discl osures BofA Merrill Lynch Research Personnel (including the analyst(s) responsible for this report) receive compensation based upon, among other factors, the overall profitability of Bank of America Corporation, including profits derived from invest...

Important Disclosures
document IMAGES-007-HOUSE_OVERSIGHT_023094.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Disclosures Important Disclosures BofA Merrill Lynch Research Personnel (including the analyst(s) responsible for this report) receive compensation based upon, among other factors, the overall profitability of Bank of America Corporation, including profits derived from investmen...

Stanislav Kuznetsov
document IMAGES-004-HOUSE_OVERSIGHT_017086.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Kiyoshi Kurokawa Tapio Kuula Nabil R. Kuzbari Maja Kuzmanovic Stanislav Kuznetsov Andrey R. Kuzyaev Kwak Seung-Jun Fawzi Kyriakos-Saad Rachel Kyte Carlos Labarthe Costas Huguette Labelle Maria Claudia Lacouture Francine Lacqua Peter Lacy Christine Lagarde Samir Lahoud Sam...

US - Electric Utilities Coverage Cluster
document IMAGES-003-HOUSE_OVERSIGHT_014641.txt Jan 3, 2017 House Oversight Committee — Epstein Estate Records (Nov 2025)

US - Electric Utilities Coverage Cluster BofA Merrill Lynch Investment rating Company ticker Bloomberg symbol Analyst BUY American Electric Power AEP AEP US Brian Chin American Water Works AWK AWK US Brian Chin Black Hills Corporation BKH BKH US Brian Chin Dominion Resources D D...

US - Aerospace and Defense Coverage Cluster
document IMAGES-003-HOUSE_OVERSIGHT_014640.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

US - Aerospace and Defense Coverage Cluster BofA Merrill Lynch Investment rating Company ticker Bloomberg symbol Analyst BUY AerCap Holdings NV. AER AER US Kristine T. Liwag Air Lease Corporation AL ALUS Kristine T. Liwag Bombardier Inc. YBBD B BBD/B CN Ronald J. Epstein Booz A...

[DECEMBER DRAFT--- 287 pages]
document TEXT-001-HOUSE_OVERSIGHT_020153.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

[DECEMBER DRAFT--- 287 pages] THE SNOWDEN AFFAIR A Spy Story in Six Parts By Edward Jay Epstein CONTENTS PROLOGUE On the Snowden Trail: Hong Kong 2014...

Except as otherwise expressly noted, all performance information contained herein, including
document IMAGES-007-HOUSE_OVERSIGHT_024108.txt Mar 31, 2014 House Oversight Committee — Epstein Estate Records (Nov 2025)

Appendix 5 ENDNOTES Except as otherwise expressly noted, all performance information contained herein, including rates of return, is as of March 31, 2014 and is unaudited. The performance information is based on the cumulative invested capital, cumulative cash dividends and rea...

Investment (saving) under the mattress yields only the psychic value of liquidity
document IMAGES-001-HOUSE_OVERSIGHT_011105.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Investment (saving) under the mattress yields only the psychic value of liquidity. Actual capital growth depends on rate of return as much as amount invested. If return holds the same as it was before, growth and net ex ante investment will be equal. Growth will be less than cons...

Investment Gold man
document IMAGES-009-HOUSE_OVERSIGHT_026968.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Investment Gold man Management Important Information Division Performance / Estimated Income / Estimated Cash Flow. Past performance is not a guide of future results and may include investments no longer owned in current or closed accounts. Current performance may be lower or h...

indicators of future results
document IMAGES-007-HOUSE_OVERSIGHT_024178.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Disclaimer This document has been prepared by UBS AG, its subsidiary or affiliate ("UBS"). The information is intended as a general market commentary and provided solely for marketing and information purposes. Opinions expressed herein are those of UBS Wealth Management & Swiss...

Sovereign segmentation is crucial to understanding Investment sovereigns
document IMAGES-009-HOUSE_OVERSIGHT_026682.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Sovereign segmentation is crucial to understanding Investment sovereigns attitudes and responses to external themes Investment sovereigns do not have any liabilities, Economic challenges affect sovereigns differently, allowing for long time horizons and high exposure to accordin...

While central bank investment tranches are
document IMAGES-009-HOUSE_OVERSIGHT_026718.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

While central bank investment tranches are in some ways comparable to sovereign portfolios, they are differentiated by the former's broader market functions While there are similarities in the approach taken to investment tranches (in terms of risk asset allocation and developm...

Jeffrey Epstein: 1953-1969
document TEXT-001-HOUSE_OVERSIGHT_022058.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

CHAPTER 20 Jeffrey Epstein: 1953-1969 Jeffrey Epstein's mother, Paula, was the daughter of Max and Lena Stolofsky, who arrived in the United States as Lithua- nian refugees. Relatives on that side of the family who remained in the old country would all perish in the course of Ad...

Morgan Stanley | RESEARCH
document IMAGES-008-HOUSE_OVERSIGHT_025581.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

… discount rate to represent volatile nature of carry; 10% haircut on accrued carry; 10% haircut on B/S assets. APO.N Apollo Global Management: We value APO using a sum-of-the- parts, supported by a DCF, and back into an implied target multiple on next 3 years DE, and ENI. Our...