The investment management agreement expired on 28 February 2014 and KBR is no longer the company`s investment manager as of the same date. Each investment manager has been appointed in accordance with an investment management agreement concluded with the management company and the company, which may be amended from time to time to ensure the day-to-day management of the company`s investments, subject to the overall supervision and responsibility of the management company. At the date of this prospectus, the investment manager should be considered as an independent representative acting in the normal course of business, taking into account, in particular, the nature of its activities and the conditions of its appointment and role under the investment management agreement. for these purposes. The investment management agreement between the management company, the company and Edgewood Management LLC, which was concluded on 9 August, came into effect on 1 August 2013. . .