RE:

did they include cerberus in their calculations?

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Thank you.

No, they did not include the investments that were self-directed or done through others. The Cerberus investment was done with Ezra Merkin, similar to the Ascot and Gabriel investments.

Best,

Kris

Kristofer Knutson

Managing Director I Executive Management - Office of the Chairman US News & World Report I New York Daily News

599 Lexington Avenue. Suite 1800
New York, NY 10022

Boston Properties