Greenlight Company Presentation

iPrefs are Best for Apple Preserves Balance Sheet Cash No Repatriation Unlocks Value Greenlight Capital, Inc. Special Dividend One-Time On-Going Double the Repurchase Repurchases Dividend X X X X X iPrefs 49 Qualitatively, we think iPrefs are best for Apple. An iPref program uniquely allows Apple to maintain complete flexibility to pursue innovation, execute its disciplined acquisition strategy, set money aside for more than 40 days of rain, remain debt-free, and delay repatriating cash until the tax laws change. They get to do all this, and at the same time, reward shareholders in a big way. 49

View entire presentation