Investment Highlights

• Series 2 Bond offering $80 million principal at 10.25% fixed rate coupon

• Effective interest rate of 15% per annum paid biannually over 3 years

• Offers 45% total return over 3 years

• Bond issued by UK PLC under European Medium Term Bond Programme

• Returns guaranteed by bond issuer

• Principal held in non-depletion account at global bank and insured

Key Trends

• High yield fixed income product with guaranteed returns

• Focus on creditworthiness, security, and risk management

• Tailored offering for qualified and accredited investors

About The Issuer

Praesidium Investment Management Company, LLC is a distinguished New York-based value-oriented investment firm that adopts a private equity approach to investing in the public markets. Established in 2003, the company is dedicated to managing long-term capital for endowments, foundations, family offices, and other institutional investors through its Praesidium Strategic Opportunities Strategy. With a focus on identifying undervalued, overlooked companies, PCM holds ownership stakes in approximately 12-15 publicly listed companies for multi-year investment periods.

At the heart of PCM's success is its rigorous and proprietary research process, driven by a hands-on, constructive approach to create and maximize value for shareholders. This strategy involves deep, multi-month fundamental analysis, allowing PCM to build a comprehensive understanding of the long-term economics of a company's business. By taking significant ownership stakes and working closely with management teams and boards, PCM effectively influences positive change and drives growth, emulating a private equity investment approach in the public market.

PCM's team, led by industry veterans with decades of collective investing experience, has successfully harnessed their expertise to deliver superior returns. The team's background spans significant roles in various top financial institutions, complementing PCM's robust analytical capabilities and strategic investment decisions. Committed to constructively engaging with management teams and boards, PCM strives to increase long-term shareholder value through its unique investment philosophy and disciplined strategy.