CCR News March 2020 | Page 5
Continued from page 4
x
(DUO6RZHUVVWDWHGKHWDONHGZLWK%DUE6WHHOHDQGKHZRXOGOLNHWRFUHDWHDQ+LVWRULFDO&RPPLWWHHDQG
DVNHGZKDWZDVQHHGHGWRFUDWHWKLVFRPPLWWHH5.DUERQDVNHG(6RZHUVWRVXEPLWVRPHEXOOHWSRLQWV
GLUHFWO\WRKLPGHVFULELQJKLVYLVLRQRQWKHFRPPLWWHH¶VSXUSRVH
)LQDQFLDO
0$PHVUHYLHZHGWKHILQDQFLDO.H\3HUIRUPDQFH,QGLFDWRUV.3,¶V
0$PHVSUHVHQWHGWKH)LQDQFLDO6WDWHPHQWIRUWKHPRQWKRI-DQXDU\
0RWLRQE\9.DV]RQ\LVHFRQGHGE\06PLWKWRDSSURYHWKH7UHDVXUHU¶VUHSRUWDVSUHVHQWHG
$SSURYHGXQDQLPRXVO\
1HZ0HPEHU5HDGLQJV
)LUVW5HDGLQJV
:D\QH 'HEUD0F1HWW
10LOH5RDG
6DQIRUG0,
0RWLRQE\06PLWKVHFRQGHGE\0$PHVWRDSSURYHWKHILUVWUHDGLQJV$SSURYHGXQDQLPRXVO\
6HFRQG5HDGLQJV
(PDLO9RWHDQG$SSURYDORQ
5LFKDUG -HDQQLQH+DYHQV
0LFKDHO -HVVLFD0DQVILHOG
$QGUHZ/HDFK
5KRQGD 'DYLG7KRPDVRQ
0DQDJHU¶V5HSRUW
)LUH%ULJDGHPK]5DGLRV
x %5RJHUVVWDWHGZHKDYHUHFHLYHGRXUXVHGPK]UDGLRVIURPWKH&LW\RI)HQWRQ)LUH'HSDUWPHQW
:HUHFHLYHGDWRWDORIWHQUDGLRVIRUWKHSXUFKDVHSULFHRI%5RJHUVLVFXUUHQWO\ZRUNLQJ
RQILQDOL]LQJDWHPSODWHIRUWKHUDGLRVWRVHQGWRWKH6WDWHRI0LFKLJDQIRUSURJUDPLQJ(DFKUDGLR
LQFXUVDQH[SHQVHRIWRDFWLYDWHRQWKH6WDWHUDGLRV\VWHP7KLVKDVEHHQEXGJHWHGIRULQ
:LQWHU-DPERUHH5HYLHZ
x %5RJHUVVWDWHG:LQWHU-DPERUHHZDVJUHDWWKLV\HDU7KHZHDWKHUZDVJUHDWDQGWKHVPLOHVZHUH
DEXQGDQW:HUHFRUGHGLQGLYLGXDOVHQMR\LQJIDPLO\ELQJR7KHODUJHVWQXPEHUWKDW,IRXQGLQ
ZULWWHQUHFRUGZDVLQZLWKSHRSOHLQ'LQLQJ5RRP5HYHQXHVDQGLQ5RRP
DQG&DELQ5HQWDOVZHUHJHQHUDWHGLQFRPSDUHGWRDQGLQ
&DSLWDO)XQG5HYHQXH([SHQVH5HYLHZ
&DPSJURXQG:DVKHUV
R 5LFN.UXFNHURXU3URSHUW\DQG0DLQWHQDQFH0DQDJHUZDVDEOHWRREWDLQWZRZDVKHUVIRUWKH
&DPSJURXQGWKDWZHUHGHOLYHUHG5LFNGLGDORWRILQYHVWLJDWLQJLQWRZDVKHUV7KH\DUH
FRPPHUFLDOFRLQRSHUDWHG:KLUOSRROEUDQGDQGDUHFRPSDWLEOHZLWKZKDWZHFXUUHQWO\XVH7KH
EXGJHWHGDPRXQWZDVHDFK5LFNZDVDEOHWRKDYHWKHPGHOLYHUHGIRUWRWDO
5RZERDWV
R %5RJHUVWDONHGZLWK5.UXFNHUUHJDUGLQJWKHERDWVWKDWZHUHVODWHGWREHUHSODFHG5LFN
EHOLHYHVWKHVHERDWVFDQEHSDWFKHGDQGZLOOLQYHVWLJDWHRWKHUZD\VWRNHHSWKHPLQJRRGVKDSH
7KLVVKRXOGVDYHWKH&DSLWDO)XQGDURXQGWKDWZDVDOORFDWHGWRUHSODFHWKRVHERDWV%
5RJHUVLVZRUNLQJRQQHZSROLFLHVIRUVWRULQJRXUERDWVLQVWHDGRIWUDQVIHUULQJWKHPEDFNDQG
IRUWKWRWKH*UHHQER[DUHDZKLFKXOWLPDWHO\FDXVHVDEXVHRQWKHP16FKXO]DVNHGWKDWZHILQGD
EHWWHUZD\WRWLHWKHPWRWKHGRFNVRWKH\GRQ¶WEDQJLQWRHDFKRWKHURUWKHGRFN
:KLWHWDLOV8QOLPLWHG%DQTXHW6SHFLDO/LTXRU/LFHQVH
R %5RJHUVVWDWHGWKLV\HDU¶V:KLWHWDLOV8QOLPLWHG%DQTXHWZLOOEH$SULO7KHEDQTXHWLQ
WKHSDVWKDVJHQHUDWHGLQDQGLQZKLFKZDVDOORFDWHGWRWKHILHOGVDQG
IRRGSORWV$GGLWLRQDOO\ZDVGRQDWHGWRWKH+XQWHUV6DIHW\3URJUDP7KLVHYHQWLVRSHQWR
WKHFRPPXQLW\ZKLFKLVXVHGDVDSRWHQWLDOPHPEHUVKLSGULYH%HFDXVHZHWKLVLVRSHQWRWKH
FRPPXQLW\DQGZHDUHLQWKHSURFHVVRIREWDLQLQJRXU&OXE/LFHQVHDVSHFLDOWHPSRUDU\OLTXRU
OLFHQVHLVUHTXLUHGWRVHUYHEHHUDQGZLQH:HKDYHREWDLQHGWKLVOLFHQVHWKHODVWFRXSOH\HDUVIRU
5
Continued on page 6