Sentences with phrase «include convertible securities»

These funds invest primarily in lower credit quality securities, including convertible securities.

Examples include bonds and GICs with maturities greater than one - year, strip bonds, mortgage - backed securities, private placements and other debt instruments, preferred shares (not including convertible securities) and income mutual funds.

Not exact matches

At least 80 percent of the fund's assets are invested in equity securities, including common stock, preferred stock, convertible securities, rights and warrants and depository receipts of companies located in the China region.

Our team of credit professionals deliver sales and trading capabilities across a wide range of fixed income asset classes including high yield, distressed and investment grade bonds, convertible bonds, public and private corporate securities, leveraged loans and emerging market debt.

The team works with clients across several product lines, including private equity placements, PIPEs, initial public offerings, follow - on offerings, registered directs, convertible securities, exchangeables and M&A transactions.

The fund focuses on US corporate bonds, convertible securities, foreign debt instruments (including those in emerging markets) and US government securities

As of September 30, 2014, the holders of 52,132,350 shares of our common stock, including our common stock issuable in connection with the automatic conversion of all outstanding shares of our convertible preferred stock into shares of our common stock and the holder of a warrant to purchase 6,500,000 shares of our common stock, are entitled to rights with respect to the registration of their shares following this offering under the Securities Act.

Offerings available to list on NYSE include Capital Securities, Mandatory Convertible Securities, Retail Debt Securities, and Repackaged Securities.

in the case of our directors, officers, and security holders, (i) the receipt by the locked - up party from us of shares of Class A common stock or Class B common stock upon (A) the exercise or settlement of stock options or RSUs granted under a stock incentive plan or other equity award plan described in this prospectus or (B) the exercise of warrants outstanding and which are described in this prospectus, or (ii) the transfer of shares of Class A common stock, Class B common stock, or any securities convertible into Class A common stock or Class B common stock upon a vesting or settlement event of our securities or upon the exercise of options or warrants to purchase our securities on a «cashless» or «net exercise» basis to the extent permitted by the instruments representing such options or warrants (and any transfer to us necessary to generate such amount of cash needed for the payment of taxes, including estimated taxes, due as a result of such vesting or exercise whether by means of a «net settlement» or otherwise) so long as such «cashless exercise» or «net exercise» is effected solely by the surrender of outstanding stock options or warrants (or the Class A common stock or Class B common stock issuable upon the exercise thereof) to us and our cancellation of all or a portion thereof to pay the exercise price or withholding tax and remittance obligations, provided that in the case of (i), the shares received upon such exercise or settlement are subject to the restrictions set forth above, and provided further that in the case of (ii), any filings under Section 16 (a) of the Exchange Act, or any other public filing or disclosure of such transfer by or on behalf of the locked - up party, shall clearly indicate in the footnotes thereto that such transfer of shares or securities was solely to us pursuant to the circumstances described in this bullet point;

We, our officers and directors, and holders of substantially all of the outstanding shares of our common stock including the selling stockholders, have agreed with the underwriters, subject to certain exceptions, not to offer, sell, contract to sell, pledge, grant any option to purchase, make any short sale or otherwise dispose of any shares of common stock, options or warrants to purchase shares of common stock or securities convertible into, exchangeable for or that represent the right to receive shares of common stock, whether now owned or hereafter acquired, during the period from the date of this prospectus continuing through the date 180 days after the date of this prospectus, except with the prior written consent of each of Goldman, Sachs & Co., Morgan Stanley & Co..

Given the absence of a public trading market of our common stock, and in accordance with the American Institute of Certified Public Accountants Accounting and Valuation Guide, Valuation of Privately - Held Company Equity Securities Issued as Compensation, our board of directors exercised reasonable judgment and considered numerous and subjective factors to determine the best estimate of fair value of our common stock, including independent third - party valuations of our common stock; the prices at which we sold shares of our convertible preferred stock to outside investors in arms - length transactions; the rights, preferences, and privileges of our convertible preferred stock relative to those of our common stock; our operating results, financial position, and capital resources; current business conditions and projections; the lack of marketability of our common stock; the hiring of key personnel and the experience of our management; the introduction of new products; our stage of development and material risks related to our business; the fact that the option grants involve illiquid securities in a private company; the likelihood of achieving a liquidity event, such as an initial public offering or a sale of our company given the prevailing market conditions and the nature and history of our business; industry trends and competitive environment; trends in consumer spending, including consumer confidence; and overall economic indicators, including gross domestic product, employment, inflation and interest rates, and the general economiSecurities Issued as Compensation, our board of directors exercised reasonable judgment and considered numerous and subjective factors to determine the best estimate of fair value of our common stock, including independent third - party valuations of our common stock; the prices at which we sold shares of our convertible preferred stock to outside investors in arms - length transactions; the rights, preferences, and privileges of our convertible preferred stock relative to those of our common stock; our operating results, financial position, and capital resources; current business conditions and projections; the lack of marketability of our common stock; the hiring of key personnel and the experience of our management; the introduction of new products; our stage of development and material risks related to our business; the fact that the option grants involve illiquid securities in a private company; the likelihood of achieving a liquidity event, such as an initial public offering or a sale of our company given the prevailing market conditions and the nature and history of our business; industry trends and competitive environment; trends in consumer spending, including consumer confidence; and overall economic indicators, including gross domestic product, employment, inflation and interest rates, and the general economisecurities in a private company; the likelihood of achieving a liquidity event, such as an initial public offering or a sale of our company given the prevailing market conditions and the nature and history of our business; industry trends and competitive environment; trends in consumer spending, including consumer confidence; and overall economic indicators, including gross domestic product, employment, inflation and interest rates, and the general economic outlook.

Pluris» proprietary LiquiStat database includes valuation data from recent sales of illiquid assets: restricted stock, warrants, options, convertibles, auction rate securities, structured products, bankruptcy claims, private company stock, and limited partner interests.

We provide brokerage services in a wide range of credit instruments, including credit derivatives, asset - backed securities, hybrid securities, preferred securities, distressed securities, convertible bonds, corporate bonds, credit derivatives and high yield bonds.

Our fund has a diversified portfolio across several different asset classes, including dividend - paying stocks, bonds and convertible securities.

«Internationally, it is considered that the extension of AML / CTF regulation to include convertible digital currency exchanges would encourage innovation and investment by ensuring service providers have greater certainty and security in their dealings with digital currency businesses, while reducing the money laundering and terrorism financing risks associated with this emerging technology.»

Shareholder Approval Requirements: NYSE American requires a listed company to obtain the approval of its shareholders for certain types of securities issuances, including private placements that may result in the issuance of common shares (or securities convertible into common shares) equal to 20 % or more of presently outstanding shares for less than the greater of book or market value of the shares.

Our example was equipped with the Safety and Comfort Collection, which includes blind - spot and cross-path detection, a parking - assist backup camera, security alarm, and a handy universal garage door opener along with auto - dimming side - and rearview mirrors — handy for this low - slung convertible.

Air Conditioning, Climate Control, Dual Zone Climate Control, Power Steering, Power Windows, Power Mirrors, Leather Steering Wheel, Leather Shifter, Power Drivers Seat, Power Passenger Seat, Memory Seat Position, Tachometer, Digital Info Center, Homelink System, Tilt Steering Wheel, Telescoping Steering Wheel, Steering Wheel Radio Controls, Driver Airbag, Passenger Airbag, Side Airbags, Keyless Entry, Security System, ABS Brakes, Traction Control, Dynamic Stability, Rear Defogger, Fog Lights, Intermittent Wipers, AM / FM, CD Player, CD Changer, 18 AMG ® r Ultrathin - Spoke Monoblock Wheels, Front Heated Sport Bucket Seats, Perforated Leather Seat Trim, 4 - Wheel Disc Brakes, Convertible HardTop, Front Bucket Seats, Navigation System, Adaptive suspension, Auto - dimming door mirrors, Auto - leveling suspension, Automatic temperature control, Brake assist, Bumpers: body - color, Convertible roof lining, Convertible roof wind blocker, Delay - off headlights, Driver door bin, Driver vanity mirror, Dual front impact airbags, Dual front side impact airbags, Emergency communication system, Four wheel independent suspension, Front reading lights, Glass rear window, HVAC memory, Head restraints memory, Headlight cleaning, Heated door mirrors, Heated front seats, Illuminated entry, Integrated roll - over protection, Knee airbag, Occupant sensing airbag, Outside temperature display, Passenger door bin, Passenger vanity mirror, Power adjustable front head restraints, Power convertible roof, Power door mirrors, Power driver seat, Rain sensing wipers, Sport steering wheel, Steering wheel memory, Telescoping steering wheel, Turn signal indicator mirrors, Weather band radio, Auto - dimming Rear - View mirror, Child - Seat - Sensing Airbag, 8 Speakers, Powertrain warranty: 48 months / 50, 000miles, Front Center Armrest with Storage, High intensity discharge headlights: Xenon Carpeted Floor Mats, Cup Holders, Daytime Running Lights, Front Heated Seats, Heated Mirrors, HID Headlamps, Navigation System, Premium Sound, Rear Fog Lamps, Remote Fuel Door, Remote Trunk Lid, Roll Stability Control, Sport Seats, Vanity Mirrors, Xenon - Dealer not responsible for typographical errors of any sort, including but not limited Convertible HardTop, Front Bucket Seats, Navigation System, Adaptive suspension, Auto - dimming door mirrors, Auto - leveling suspension, Automatic temperature control, Brake assist, Bumpers: body - color, Convertible roof lining, Convertible roof wind blocker, Delay - off headlights, Driver door bin, Driver vanity mirror, Dual front impact airbags, Dual front side impact airbags, Emergency communication system, Four wheel independent suspension, Front reading lights, Glass rear window, HVAC memory, Head restraints memory, Headlight cleaning, Heated door mirrors, Heated front seats, Illuminated entry, Integrated roll - over protection, Knee airbag, Occupant sensing airbag, Outside temperature display, Passenger door bin, Passenger vanity mirror, Power adjustable front head restraints, Power convertible roof, Power door mirrors, Power driver seat, Rain sensing wipers, Sport steering wheel, Steering wheel memory, Telescoping steering wheel, Turn signal indicator mirrors, Weather band radio, Auto - dimming Rear - View mirror, Child - Seat - Sensing Airbag, 8 Speakers, Powertrain warranty: 48 months / 50, 000miles, Front Center Armrest with Storage, High intensity discharge headlights: Xenon Carpeted Floor Mats, Cup Holders, Daytime Running Lights, Front Heated Seats, Heated Mirrors, HID Headlamps, Navigation System, Premium Sound, Rear Fog Lamps, Remote Fuel Door, Remote Trunk Lid, Roll Stability Control, Sport Seats, Vanity Mirrors, Xenon - Dealer not responsible for typographical errors of any sort, including but not limited Convertible roof lining, Convertible roof wind blocker, Delay - off headlights, Driver door bin, Driver vanity mirror, Dual front impact airbags, Dual front side impact airbags, Emergency communication system, Four wheel independent suspension, Front reading lights, Glass rear window, HVAC memory, Head restraints memory, Headlight cleaning, Heated door mirrors, Heated front seats, Illuminated entry, Integrated roll - over protection, Knee airbag, Occupant sensing airbag, Outside temperature display, Passenger door bin, Passenger vanity mirror, Power adjustable front head restraints, Power convertible roof, Power door mirrors, Power driver seat, Rain sensing wipers, Sport steering wheel, Steering wheel memory, Telescoping steering wheel, Turn signal indicator mirrors, Weather band radio, Auto - dimming Rear - View mirror, Child - Seat - Sensing Airbag, 8 Speakers, Powertrain warranty: 48 months / 50, 000miles, Front Center Armrest with Storage, High intensity discharge headlights: Xenon Carpeted Floor Mats, Cup Holders, Daytime Running Lights, Front Heated Seats, Heated Mirrors, HID Headlamps, Navigation System, Premium Sound, Rear Fog Lamps, Remote Fuel Door, Remote Trunk Lid, Roll Stability Control, Sport Seats, Vanity Mirrors, Xenon - Dealer not responsible for typographical errors of any sort, including but not limited Convertible roof wind blocker, Delay - off headlights, Driver door bin, Driver vanity mirror, Dual front impact airbags, Dual front side impact airbags, Emergency communication system, Four wheel independent suspension, Front reading lights, Glass rear window, HVAC memory, Head restraints memory, Headlight cleaning, Heated door mirrors, Heated front seats, Illuminated entry, Integrated roll - over protection, Knee airbag, Occupant sensing airbag, Outside temperature display, Passenger door bin, Passenger vanity mirror, Power adjustable front head restraints, Power convertible roof, Power door mirrors, Power driver seat, Rain sensing wipers, Sport steering wheel, Steering wheel memory, Telescoping steering wheel, Turn signal indicator mirrors, Weather band radio, Auto - dimming Rear - View mirror, Child - Seat - Sensing Airbag, 8 Speakers, Powertrain warranty: 48 months / 50, 000miles, Front Center Armrest with Storage, High intensity discharge headlights: Xenon Carpeted Floor Mats, Cup Holders, Daytime Running Lights, Front Heated Seats, Heated Mirrors, HID Headlamps, Navigation System, Premium Sound, Rear Fog Lamps, Remote Fuel Door, Remote Trunk Lid, Roll Stability Control, Sport Seats, Vanity Mirrors, Xenon - Dealer not responsible for typographical errors of any sort, including but not limited convertible roof, Power door mirrors, Power driver seat, Rain sensing wipers, Sport steering wheel, Steering wheel memory, Telescoping steering wheel, Turn signal indicator mirrors, Weather band radio, Auto - dimming Rear - View mirror, Child - Seat - Sensing Airbag, 8 Speakers, Powertrain warranty: 48 months / 50, 000miles, Front Center Armrest with Storage, High intensity discharge headlights: Xenon Carpeted Floor Mats, Cup Holders, Daytime Running Lights, Front Heated Seats, Heated Mirrors, HID Headlamps, Navigation System, Premium Sound, Rear Fog Lamps, Remote Fuel Door, Remote Trunk Lid, Roll Stability Control, Sport Seats, Vanity Mirrors, Xenon - Dealer not responsible for typographical errors of any sort, including but not limited to pricing.

Air Conditioning, Climate Control, Dual Zone Climate Control, Cruise Control, Power Steering, Power Windows, Power Mirrors, Leather Shifter, Power Drivers Seat, Power Passenger Seat, Memory Seat Position, Wood Trim, Tachometer, Digital Info Center, Homelink System, Tilt Steering Wheel, Telescoping Steering Wheel, Steering Wheel Radio Controls, Driver Airbag, Passenger Airbag, Side Airbags, Keyless Entry, Security System, ABS Brakes, Traction Control, Dynamic Stability, Rear Defogger, Fog Lights, Intermittent Wipers, AM / FM, CD Player, Alloy Wheels, Heated Front Bucket Seats, Leather Seat Trim, 4 - Wheel Disc Brakes, Convertible HardTop, Front Bucket Seats, Navigation System, Adaptive suspension, Auto - dimming door mirrors, Auto - leveling suspension, Automatic temperature control, Brake assist, Bumpers: body - color, Convertible roof lining, Convertible roof wind blocker, Delay - off headlights, Driver door bin, Driver vanity mirror, Dual front impact airbags, Dual front side impact airbags, Emergency communication system, Four wheel independent suspension, Front reading lights, Genuine wood console insert, Genuine wood door panel insert, Glass rear window, HVAC memory, Head restraints memory, Headlight cleaning, Heated door mirrors, Heated front seats, Illuminated entry, Integrated roll - over protection, Knee airbag, Occupant sensing airbag, Outside temperature display, Passenger door bin, Passenger vanity mirror, Power adjustable front head restraints, Power convertible roof, Power door mirrors, Power driver seat, Rain sensing wipers, Steering wheel memory, Telescoping steering wheel, Turn signal indicator mirrors, Weather band radio, Auto - dimming Rear - View mirror, Child - Seat - Sensing Airbag, 8 Speakers, Front Center Armrest with Storage, High intensity discharge headlights: Xenon Carpeted Floor Mats, Cup Holders, Front Heated Seats, Heated Mirrors, HID Headlamps, Navigation System, Premium Sound, Rear Fog Lamps, Remote Trunk Lid, Vanity Mirrors, Xenon - Dealer not responsible for typographical errors of any sort, including but not limited Convertible HardTop, Front Bucket Seats, Navigation System, Adaptive suspension, Auto - dimming door mirrors, Auto - leveling suspension, Automatic temperature control, Brake assist, Bumpers: body - color, Convertible roof lining, Convertible roof wind blocker, Delay - off headlights, Driver door bin, Driver vanity mirror, Dual front impact airbags, Dual front side impact airbags, Emergency communication system, Four wheel independent suspension, Front reading lights, Genuine wood console insert, Genuine wood door panel insert, Glass rear window, HVAC memory, Head restraints memory, Headlight cleaning, Heated door mirrors, Heated front seats, Illuminated entry, Integrated roll - over protection, Knee airbag, Occupant sensing airbag, Outside temperature display, Passenger door bin, Passenger vanity mirror, Power adjustable front head restraints, Power convertible roof, Power door mirrors, Power driver seat, Rain sensing wipers, Steering wheel memory, Telescoping steering wheel, Turn signal indicator mirrors, Weather band radio, Auto - dimming Rear - View mirror, Child - Seat - Sensing Airbag, 8 Speakers, Front Center Armrest with Storage, High intensity discharge headlights: Xenon Carpeted Floor Mats, Cup Holders, Front Heated Seats, Heated Mirrors, HID Headlamps, Navigation System, Premium Sound, Rear Fog Lamps, Remote Trunk Lid, Vanity Mirrors, Xenon - Dealer not responsible for typographical errors of any sort, including but not limited Convertible roof lining, Convertible roof wind blocker, Delay - off headlights, Driver door bin, Driver vanity mirror, Dual front impact airbags, Dual front side impact airbags, Emergency communication system, Four wheel independent suspension, Front reading lights, Genuine wood console insert, Genuine wood door panel insert, Glass rear window, HVAC memory, Head restraints memory, Headlight cleaning, Heated door mirrors, Heated front seats, Illuminated entry, Integrated roll - over protection, Knee airbag, Occupant sensing airbag, Outside temperature display, Passenger door bin, Passenger vanity mirror, Power adjustable front head restraints, Power convertible roof, Power door mirrors, Power driver seat, Rain sensing wipers, Steering wheel memory, Telescoping steering wheel, Turn signal indicator mirrors, Weather band radio, Auto - dimming Rear - View mirror, Child - Seat - Sensing Airbag, 8 Speakers, Front Center Armrest with Storage, High intensity discharge headlights: Xenon Carpeted Floor Mats, Cup Holders, Front Heated Seats, Heated Mirrors, HID Headlamps, Navigation System, Premium Sound, Rear Fog Lamps, Remote Trunk Lid, Vanity Mirrors, Xenon - Dealer not responsible for typographical errors of any sort, including but not limited Convertible roof wind blocker, Delay - off headlights, Driver door bin, Driver vanity mirror, Dual front impact airbags, Dual front side impact airbags, Emergency communication system, Four wheel independent suspension, Front reading lights, Genuine wood console insert, Genuine wood door panel insert, Glass rear window, HVAC memory, Head restraints memory, Headlight cleaning, Heated door mirrors, Heated front seats, Illuminated entry, Integrated roll - over protection, Knee airbag, Occupant sensing airbag, Outside temperature display, Passenger door bin, Passenger vanity mirror, Power adjustable front head restraints, Power convertible roof, Power door mirrors, Power driver seat, Rain sensing wipers, Steering wheel memory, Telescoping steering wheel, Turn signal indicator mirrors, Weather band radio, Auto - dimming Rear - View mirror, Child - Seat - Sensing Airbag, 8 Speakers, Front Center Armrest with Storage, High intensity discharge headlights: Xenon Carpeted Floor Mats, Cup Holders, Front Heated Seats, Heated Mirrors, HID Headlamps, Navigation System, Premium Sound, Rear Fog Lamps, Remote Trunk Lid, Vanity Mirrors, Xenon - Dealer not responsible for typographical errors of any sort, including but not limited convertible roof, Power door mirrors, Power driver seat, Rain sensing wipers, Steering wheel memory, Telescoping steering wheel, Turn signal indicator mirrors, Weather band radio, Auto - dimming Rear - View mirror, Child - Seat - Sensing Airbag, 8 Speakers, Front Center Armrest with Storage, High intensity discharge headlights: Xenon Carpeted Floor Mats, Cup Holders, Front Heated Seats, Heated Mirrors, HID Headlamps, Navigation System, Premium Sound, Rear Fog Lamps, Remote Trunk Lid, Vanity Mirrors, Xenon - Dealer not responsible for typographical errors of any sort, including but not limited to pricing.

Cruise control module, servo, and cables; instrument cluster / module including speedometer, odometer, tachometer and all gauges, warning indicators; security system or electronic entry systems including remote entry receiver, sender and module; door lock actuators; windshield washer pump; mirror motor; manual and mechanically operated switches; rear window defogger; horn and relay; convertible top motor; sunroof motor; power antenna motor; electrical headlamp motor; power trunk / hatch release motor and solenoid; power sliding door motor; electronic control modules including body control module, electronic control unit, powertrain control module, transmission control module; electronic throttle control module; airbag module; crank angle sensor; camshaft position sensor; throttle position motor; fuel pulse dampener; wide open throttle switch; thermo time switch; fuel pump relay; automatic temperature control sensor; ride height sensor and relay; oxygen sensor; mass air flow sensor; manifold differential pressure sensor; differential pressure feedback exhaust sensor; coolant temperature sensor; oil pressure sending unit; temperature sending unit; OEM radio / graphic equalizer / cassette tape player / compact disc player.

Safety equipment includes: ABS, Traction control, Passenger Airbag, Front fog / driving lights, Stability control... Other features include: Power locks, Power windows, Auto, Convertible roof - Power retractable hard top, Air conditioning... Options: Abs Brakes (4 - Wheel) Air Conditioning - Front Air Conditioning - Front - Single Zone Airbags - Front - Dual Airbags - Front - Side Airbags - Passenger - Occupant Sensing Deactivation Traction Control Daytime Running Lights Security Engine Immobilizer Steering Wheel Tilt And Telescopic Windows Front Wipers: Speed Sensitive 2 - Stage Unlocking Cruise Control Adaptive Driver Seat Power Adjustments: 4 Exterior Mirrors Power Headlights Auto Delay Off Inside Rearview Mirror Auto - Dimming One - Touch Windows: 1 Seatbelts Seatbelt Force Limiters: Front Seatbelts Seatbelt Pretensioners: Front Stability Control Steering Wheel Mounted Controls Audio Steering Wheel Mounted Controls Cruise Controls Tachometer Towing And Hauling Cargo Tie Downs Trip Computer Audio - Antenna: Element Center Console Front Console With Armrest Center Console Front Console With Storage Convertible Rear Window Glass Convertible Roof Power Retractable Hard Top Driver Seat Adjustable Lumbar Support: Manual Driver Seat Power Adjustments: Recline Emergency Interior Trunk Release External Temperature Display Front 12V Power Outlet (S) Front Fog Lights Front Headrests Adjustable Front Suspension Classification: Independent Front Suspension Type: Macpherson Struts Number Of Front Headrests 2 Number Of Rear Headrests 2 Passenger Seat Manual Adjustments: 4 Passenger Seat Manual Adjustments: Recline Power Door Locks Anti-Lockout Feature Power Steering Power Windows Reading Lights Front Rear Bumper Color Body - Color Seats Front Seat Type: Bucket Vanity Mirrors Dual Warnings And Reminders Low Fuel Level Warnings And Reminders Low Oil Level Windows Front Wipers: Intermittent Windows Rear Defogger Windows Tinted

The car has tons of original documentation that is included, such as the dealer car shipping record, Window Sticker, owner's manual, convertible top manual, dealership Bill of Sale, customer deposit receipt, Protect - O - Plate warranty, dealership owner's folder, security agreement installment note, Third National Bank payment booklet and more than 40 service receipts from 1967 to 1984, many of which document the mileage.

It is a multi-asset fund but it is largely unconstrained: it targets US and international income - producing securities including common stock, high - yield and investment grade debt, preferred shares and convertibles, and a variety of hedges including gold, precious metals, currency forward contracts, and inflation - linked vehicles.

Diversifying its assets across multiple asset categories, including dividend - paying stocks, bonds and convertible securities, may help reduce the fund's overall portfolio volatility and improve chances of earning more consistent returns over the long term.

Our fund has a diversified portfolio across several different asset classes, including dividend - paying stocks, bonds and convertible securities.

The Fund may engage in active and frequent trading of portfolio securities to achieve its investment objective... the Fund will invest in a portfolio of securities including: equities, debt, warrants, distressed, high - yield, convertible, preferred, when - issued... options, total return swaps, credit default swaps, credit default indexes, currency forwards, and futures... ETFs, ETNs and commodities.»

Those include domestic and international sovereign and corporate debt, municipal bonds, mortgage - and asset - backed debt securities, convertible bonds and preferred stock.

The plan is to invest tactically in a wide variety of security types including junk bonds, bank loans, convertibles, preferred shares, CDOs and so on.

Risks Related to Other Equity Securities — In addition to common stocks, the equity securities in the Fund's portfolio may include preferred stock and convertible sSecurities — In addition to common stocks, the equity securities in the Fund's portfolio may include preferred stock and convertible ssecurities in the Fund's portfolio may include preferred stock and convertible securitiessecurities.

The Fund may invest in all types of equity securities, including common stock, preferred and convertible preferred stocks, warrants and rights.

The fund's equity securities may include common stocks, depositary receipts, real estate investment trusts (REITs), other investment companies, including exchange - traded funds (ETFs), master limited partnerships (MLPs), securities convertible into common stocks, and securities that carry the right to buy common stocks.

In my view, those securities are limited to the following: a) credit instruments without credit risk; b) derivative securities, including synthetics, warrants and convertibles; and c) pure risk arbitrage situations, i.e., situations where there are relatively determinant price realization events in relatively determinant periods of time.

Bloomberg Barclays U.S. Convertibles Composite includes all four major classes of USD equity - linked securities including: convertible cash coupon bonds, zero - coupon bonds, preferred convertibles with fixed par amounts and mandatory equity - linkedConvertibles Composite includes all four major classes of USD equity - linked securities including: convertible cash coupon bonds, zero - coupon bonds, preferred convertibles with fixed par amounts and mandatory equity - linkedconvertibles with fixed par amounts and mandatory equity - linked securities.

The fund will invest primarily in equity securities, which may include common stock, preferred stock, ETFs consisting primarily of common stocks, and securities convertible into common stock.

Consider these risks before investing: Convertible securities prices may fall or fail to rise over time for several reasons, including general financial market conditions, factors related to a specific company or industry, changing market perceptions of the risk of default and changes in government intervention in the financial markets.

The equity securities in which the Fairholme Fund may invest include common and preferred stock (including convertible preferred stock), partnership interests, business trust shares, interests in real estate investment trusts («REITs»), rights and warrants to subscribe for the purchase of equity securities, and depository receipts.

To maintain maximum flexibility, the securities in which the Income Fund may invest include corporate debt securities of issuers in the U.S. and foreign countries, bank debt (including bank loans and participations), government and agency debt securities of the U.S. and foreign countries, convertible bonds and other convertible securities and equity securities, including preferred and common stock and interests in REITs.

The selection universe for the Index (the «SelectionUniverse») includes U.S. - listed fixed income ETFs advised by SSGA FM or its affiliates that are designed to target exposure to fixed income securities, including U.S. and non-U.S. developed and emerging market bonds, treasury bonds, corporate bonds, high yield bonds, inflation - protected bonds, floating rate notes, first lien senior secured floating rate bank loans, U.S nonconvertible preferred stock and other preferred securities, U.S. municipal bonds and U.S. convertible securities.

Other alternatives to traditional bonds include bank preferred stock and convertible securities.

Hybrid securities (including subordinated notes, capital notes and convertible preference shares) may be from well - known companies, banks and insurers but they are very different from other fixed interest investments.

Cash Alternatives typically include money market securities, U.S. Treasury Bills, and other investments that are readily convertible to cash, have a stable market value, and a very short - term maturity.

Equity: Equity securities include common stocks, preferred stocks, convertible securities and mutual funds that invest in these securities.

See the Investor Handbook for more information on Franklin Templeton 529 College Savings Plan, including sales charges, expenses, general risks of the Plan, general investment risks and specific risks of investing in Plan portfolios, which can include risks of convertible securities; country, sector, region or industry focus; credit; derivative securities; foreign securities, including currency exchange rates, political and economic developments, trading practices, availability of information, limited markets and heightened risk in emerging markets; growth or value style investing; income; interest rate; lower - rated and unrated securities; mortgage securities and asset - backed securities; restructuring and distressed companies; securities lending; smaller and midsize companies; credit linked securities, life settlement investments, and stocks.

(3) Black - Scholes calculation based upon certain assumptions for Convertible Security including: MNOV stock price of $ 1.59 as of March 13, 2009; convertible security exercise price of $ 4.00; assumed risk - free interest rate of 0.44 %; one - year term for convertible security; and standard deviation volatility assumption of 69 % based upon MediciNova's 10 - K filed MarcConvertible Security including: MNOV stock price of $ 1.59 as of March 13, 2009; convertible security exercise price of $ 4.00; assumed risk - free interest rate of 0.44 %; one - year term for convertible security; and standard deviation volatility assumption of 69 % based upon MediciNova's 10 - K filed March 1Security including: MNOV stock price of $ 1.59 as of March 13, 2009; convertible security exercise price of $ 4.00; assumed risk - free interest rate of 0.44 %; one - year term for convertible security; and standard deviation volatility assumption of 69 % based upon MediciNova's 10 - K filed Marcconvertible security exercise price of $ 4.00; assumed risk - free interest rate of 0.44 %; one - year term for convertible security; and standard deviation volatility assumption of 69 % based upon MediciNova's 10 - K filed March 1security exercise price of $ 4.00; assumed risk - free interest rate of 0.44 %; one - year term for convertible security; and standard deviation volatility assumption of 69 % based upon MediciNova's 10 - K filed Marcconvertible security; and standard deviation volatility assumption of 69 % based upon MediciNova's 10 - K filed March 1security; and standard deviation volatility assumption of 69 % based upon MediciNova's 10 - K filed March 17, 2008.

Equity securities include common stocks and related securities, such as preferred stock, convertible securities, and depositary receipts.

Types of equity securities include common stocks, preferred stocks, convertible securities, rights and warrants, ADRs, GDRs, EDRs, interests in real estate investment trusts and business development companies (for more information on real estate investment trusts (REITs), see the section entitled «Real Estate Investment Trusts»).

There may be a small trading market for a particular convertible security at any given time, which may adversely impact market price and a fund's ability to liquidate a particular security or respond to an economic event, including deterioration of an issuer's creditworthiness.

TOP CONTRIBUTORS Specific securities that contributed most positively to performance include PRA Group 3.50 % convertible bonds, The Medicines Co. 2.75 % convertible bonds, and Envestnet 1.75 % convertible bonds.

Besides handling purchases and sales, the program needs to process a full range of transactions, including receipts of interest and dividends, stock splits, option expirations and conversion of derivative securities, such as options, warrants and convertible bonds, into their underlying stock shares.

The fund may also invest in obligations of supranational entities without limit (e.g., the World Bank), corporate securities, U.S. government securities, commercial paper, zero - coupon securities, mortgage - backed securities, including mortgage dollar rolls, stripped mortgage - backed securities and collateralized mortgage obligations and other asset - backed securities, when - issued securities, convertible securities, Rule 144A securities and structured notes.