Greenlight Company Presentation

iPrefs are Perpetual Preferred Stock Investopedia defines Perpetual Preferred stock: o A type of preferred stock that has no maturity date o The issuers of perpetual preferred stock will always have redemption privileges on such shares o Issued perpetual preferred stock will continue paying dividends indefinitely Greenlight Capital, Inc. 32 iPrefs are a creative way to unlock significant value for shareholders in publicly traded cash rich technology companies. What is a perpetual preferred stock? It's a stock the pays quarterly dividends literally forever. It has no maturity. While Apple would have the right to redeem it at face value, we don't expect them to ever do so. 32

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