Matthew Brown

Credit Suisse Securities (USA) LLC (Credit Suisse Securities USA) is the broker/dealer division of Credit Suisse Securities (USA) LLC, an investment banking company headquartered in New York City. The firm was founded in 1998 and is a wholly owned subsidiary of Credit Suisse (USA), Inc., ultimately owned by Credit Suisse Group AG (SWX: CSGN) in Switzerland. Credit Suisse Securities USA offers a suite of equities, solutions and credit products and services which includes global securities sales, trading and execution, prime brokerage and comprehensive investment research. Their clients include financial institutions, corporations, governments, institutional investors, such as pension funds and hedge funds, and private individuals around the world.

Eagle Asset Management, Inc. (Eagle) is a SEC-registered investment advisor headquartered in St. Petersburg, Florida. The firm was founded in 1976 by Tom James and is a wholly owned subsidiary of Carillon Towers Advisers, Inc., which is wholly owned by Raymond James Financial, Inc. (NYSE: RJF). Eagle provides portfolio management services to institutions and high net-worth clients (individual investors, trusts and smaller employee benefit plans) and serves as the investment subadvisor to the Carillon Funds.

Raymond James & Associates, Inc. (RJA) is a registered broker-dealer headquartered in St. Petersburg, Florida. The firm was founded in 1962 and is a subsidiary of Raymond James Financial, Inc. (NYSE: RJF), a diversified holding company. RJA offers a full array of capital markets services, strategic advice and planning for institutional investors.

Ernst & Young LLP engages in the provision of accounting, assurance, tax, transaction, and advisory services. It specializes in the actuarial, analytics and big data, cyber security, accounting compliance and reporting, center for board matters, international financial reporting standards, country tax advisory, global trade, tax accounting, and climate change and sustainability. The company was founded in 1989 and is headquartered in New York, NY.

Founded in 1898, Northeastern University is a private research university located in the heart of Boston. Northeastern teaches worldwide experiential learning, urban engagement, and interdisciplinary research that meets global and societal needs. The University offers a range of undergraduate and graduate programs leading to degrees through the doctorate in nine colleges and schools.

Deloitte & Touche LLP engages in the provision of audit, advisory, financial advisory, tax, and consulting services. The company was founded on March 7, 1995 and is headquartered in New York, NY.

Apollo Global Management, Inc /Private Equity/ (Apollo Global Private Equity) is a private equity firm founded in 1990. The firm is headquartered in New York City.

Barclays Capital, Inc. is a registered broker/dealer headquartered in New York City. The firm was founded in 1997 and is a subsidiary of Barclays Group US, Inc., ultimately owned by Barclays plc (LON: BARC) in Great Britain. Barclays Capital provides large corporate, government and institutional clients a full spectrum of prime brokerage services which includes equities and fixed income financing, OTC Clearing, Futures and Foreign Exchange Prime Brokerage and access to industry insights and analytics from their Strategic Consulting team.

CBRE Investment Management Listed Real Assets LLC (CBRE IMLRA) is an investment advisor headquartered in Radnor, Pennsylvania. They are a subsidiary of CBRE Investment Management Listed Real Assets Holdings LLC and their ultimate parent is CBRE Group, Inc. (NYSE: CBG), a global commercial real estate services firm. Formerly known as CBRE Clarion Securities LLC, the firm was founded and formed in 2011 through CB Richard Ellis Group, Inc.'s acquisition of ING Clarion Real Estate Securities (CRES) from Netherlands-based ING Group NV. CB Richard Ellis Group acquired substantially all of ING's real estate investment management operations in Europe and Asia. CBRE IMLRA manages portfolios of real asset securities, such as listed real estate, listed infrastructure, and midstream energy for institutional clients.

Founded in 2001, Macquarie Capital (USA), Inc. is a registered broker/dealer located in New York City. The firm is a subsidiary of Macquarie Bank Ltd. (ASX: MBL). They provide coverage of the following industries: resources, healthcare, security/defense, transportation, financial services, retail/consumer products, TMET (telecommunications, media, entertainment and technology), oil & gas, diversified manufacturing/distribution and infrastructure/utilities. Macquarie Capital (USA), Inc. is a member of FINRA.

RBC Capital Markets LLC is a full-service brokerage and financial services firm headquartered in New York City. They are a direct subsidiary of RBC USA Holdco Corp. and a wholly-owned indirect subsidiary of Royal Bank of Canada (TSE, NYSE: RY). Founded in 2010, the firm is comprised of 3 major business lines: the Private Client Group, the Fixed-Income Group and the Clearing and Execution Services Group. The Private Client Group serves individual investors, while the Fixed-Income Group provides services to institutions, municipalities and non-profit organizations. The Clearing and Execution Services Group is a provider of clearing and execution services to independent brokers/dealers throughout the US. RBC Capital Markets focuses on the following sectors: communications, media, consumer/retail, diversified industries, energy, financial institutions, forest products, healthcare, infrastructure finance, mining & metals, real estate, social infrastructure, technology and the US municipal markets.

Founded in 1987, Guzman & Co. is a broker-dealer located in Coral Gables, Florida. The firm is a subsidiary of Guzman, Inc. Guzman & Co. is a fundamental research-driven firm. They believe that thorough investment decision-making begins with access to reliable information in a timely manner. The firm's research efforts provide deep, vertical coverage within focus industries, in-depth, high-quality reports and decisive, real-time opinions on breaking news that affects the companies and sectors covered. They provide their institutional investing client base with business and valuation opinions on select publicly-traded companies. Their research coverage focuses on cable operators, media and entertainment conglomerates (including Internet firms) and Spanish-language media companies.

Part of Ayala Corp., Southportal Properties, Inc. is a Filipino company that provides real estate brokerage services. The company is based in Makati, Philippines.

Cebu Business Park Association, Inc. operates as a business association. The private company is based in Cebu City, Philippines.

Aviana Development Corp. provides real estate development services. The joint venture company is based in Davao, Philippines.

Part of Ayala Corp., Lagdigan Land Corp. is a Filipino company that provides real estate brokerage services. The company is based in Manila, Philippines.

Cebu District Property Enterprise, Inc. operates as a Filipino commercial property company. The joint venture company is based in Manila, Philippines.

Founded in 2001, American Capital Partners LLC (ACP) is a broker/dealer located in Hauppauge, New York. The firm has affiliated offices in New York City, Baldwin, New York, East Meadow, New York, Fairfield, Connecticut, Farmingdale, New York, Huntington, New York, Medford, New York and Scottsdale, Arizona. ACP serves the needs of experienced investors and traders who are willing and able to incur higher degrees of risk. They generally recommend securities listed on the NYSE and NASDAQ but they may also recommend other investments such as mutual funds and short sale and/or options strategies. ACP provides independent research. They are generalists that are opportunistic and employ a long/short investment philosophy. On the long side, ACP utilizes bottom-up, fundamental research to identify undervalued and under-followed companies without regard for market-cap or sector. In general, the firm does not invest in biotechnology or biopharmaceuticals. When recommending a long position, ACP looks for companies with low p/e, low price/cash flow, low price/book value and strong balance sheets, which generate cash and are profitable or will generate profit in the near term. On the short side, they position portfolios in order to hedge against economic or market downturns. In this instance, ACP looks for companies with high p/e or cash flow multiples, deteriorating business model or franchise value, poor or weakening cash flow and earnings and/or a change that undermines the business model.