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💨IMPACT LEVEL 1 — MEH

Epstein File EFTA01364832: Offshore and Controlled (DS10)

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This document discusses legal, ERISA, and tax considerations for the Glendower Capital Secondary Opportunities Fund IV, LP, addressing offshore fund investments and controlled foreign company tax implications for UK resident companies. The excerpt references Southern Financial LLC and explains how profits from controlled foreign companies may be subject to UK corporation tax. No specific dates or financial amounts are provided.

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GLDUS238 SOUTHERN FINANCIAL LLC Section 9: Certain Legal, ERISA and Tax Considerations Glendower Capital Secondary Opportunities Fund IV, LP "**Offshore**
Excerpt 2
Fund Rules") may apply to an investment made by the Fund in an "**offshore** fund."
Excerpt 3
**offshore** funds for such purposes.

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