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Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 493.99 506.25 Td (information ) Tj ET Q q 0 0 0 rg BT 548.07 506.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 494.25 Td (forward ) Tj ET Q q 0 0 0 rg BT 88.83 494.25 Td (looking ) Tj ET Q q 0 0 0 rg BT 122.63 494.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 172.52 494.25 Td (within ) Tj ET Q q 0 0 0 rg BT 201.32 494.25 Td (the ) Tj ET Q q 0 0 0 rg BT 216.78 494.25 Td (meaning ) Tj ET Q q 0 0 0 rg BT 254.45 494.25 Td (of ) Tj ET Q q 0 0 0 rg BT 266.02 494.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 310.35 494.25 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 351.36 494.25 Td (and ) Tj ET Q q 0 0 0 rg BT 369.04 494.25 Td (United ) Tj ET Q q 0 0 0 rg BT 399.49 494.25 Td (States ) Tj ET Q q 0 0 0 rg BT 426.62 494.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 467.63 494.25 Td (legislation ) Tj ET Q q 0 0 0 rg BT 512.53 494.25 Td (\(collectively ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 482.25 Td (herein ) Tj ET Q q 0 0 0 rg BT 76.75 482.25 Td (referred ) Tj ET Q q 0 0 0 rg BT 110.66 482.25 Td (to ) Tj ET Q q 0 0 0 rg BT 120.70 482.25 Td (as ) Tj ET Q q 0 0 0 rg BT 131.30 482.25 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 203.54 482.25 Td (statements\), ) Tj ET Q q 0 0 0 rg BT 258.29 482.25 Td (including ) Tj ET Q q 0 0 0 rg BT 298.33 482.25 Td (the ) Tj ET Q q 0 0 0 rg BT 312.81 482.25 Td (safe ) Tj ET Q q 0 0 0 rg BT 335.62 482.25 Td (harbour ) Tj ET Q q 0 0 0 rg BT 373.42 482.25 Td (provisions ) Tj ET Q q 0 0 0 rg BT 417.36 482.25 Td (of ) Tj ET Q q 0 0 0 rg BT 427.96 482.25 Td (provincial ) Tj ET Q q 0 0 0 rg BT 470.76 482.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 510.79 482.25 Td (legislation ) Tj ET Q q 0 0 0 rg BT 554.72 482.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 470.25 Td (Canada, ) Tj ET Q q 0 0 0 rg BT 83.64 470.25 Td (the ) Tj ET Q q 0 0 0 rg BT 97.51 470.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 116.94 470.25 Td (Private ) Tj ET Q q 0 0 0 rg BT 146.92 470.25 Td (Securities ) Tj ET Q q 0 0 0 rg BT 188.00 470.25 Td (Litigation ) Tj ET Q q 0 0 0 rg BT 229.09 470.25 Td (Reform ) Tj ET Q q 0 0 0 rg BT 260.93 470.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 277.02 470.25 Td (of ) Tj ET Q q 0 0 0 rg BT 287.00 470.25 Td (1995, ) Tj ET Q q 0 0 0 rg BT 311.15 470.25 Td (Section ) Tj ET Q q 0 0 0 rg BT 342.80 470.25 Td (21E ) Tj ET Q q 0 0 0 rg BT 360.56 470.25 Td (of ) Tj ET Q q 0 0 0 rg BT 370.54 470.25 Td (the ) Tj ET Q q 0 0 0 rg BT 384.41 470.25 Td (Securities ) Tj ET Q q 0 0 0 rg BT 425.50 470.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 466.21 470.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 482.30 470.25 Td (of ) Tj ET Q q 0 0 0 rg BT 492.28 470.25 Td (1934, ) Tj ET Q q 0 0 0 rg BT 516.43 470.25 Td (as ) Tj ET Q q 0 0 0 rg BT 526.41 470.25 Td (amended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 458.25 Td (\(the, ) Tj ET Q q 0 0 0 rg BT 70.07 458.25 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.51 458.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 94.82 458.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 138.46 458.25 Td (Act) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.45 458.25 Td (\), ) Tj ET Q q 0 0 0 rg BT 166.25 458.25 Td (and ) Tj ET Q q 0 0 0 rg BT 183.21 458.25 Td (Section ) Tj ET Q q 0 0 0 rg BT 215.73 458.25 Td (27A) Tj ET Q q 0 0 0 rg BT 232.40 458.25 Td ( ) Tj ET Q q 0 0 0 rg BT 234.93 458.25 Td (of ) Tj ET Q q 0 0 0 rg BT 245.79 458.25 Td (the ) Tj ET Q q 0 0 0 rg BT 260.53 458.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 280.84 458.25 Td (Securities ) Tj ET Q q 0 0 0 rg BT 322.24 458.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 339.21 458.25 Td (of ) Tj ET Q q 0 0 0 rg BT 350.07 458.25 Td (1933, ) Tj ET Q q 0 0 0 rg BT 375.09 458.25 Td (as ) Tj ET Q q 0 0 0 rg BT 385.95 458.25 Td (amended ) Tj ET Q q 0 0 0 rg BT 424.57 458.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 442.65 458.25 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 447.08 458.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 467.39 458.25 Td (Securities ) Tj ET Q q 0 0 0 rg BT 511.02 458.25 Td (Act) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.01 458.25 Td (\). ) Tj ET Q q 0 0 0 rg BT 538.62 458.25 Td (These ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 446.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 94.62 446.25 Td (relate ) Tj ET Q q 0 0 0 rg BT 119.73 446.25 Td (to ) Tj ET Q q 0 0 0 rg BT 130.42 446.25 Td (future ) Tj ET Q q 0 0 0 rg BT 157.20 446.25 Td (events ) Tj ET Q q 0 0 0 rg BT 185.65 446.25 Td (or ) Tj ET Q q 0 0 0 rg BT 196.89 446.25 Td (future ) Tj ET Q q 0 0 0 rg BT 223.68 446.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 277.11 446.25 Td (and ) Tj ET Q q 0 0 0 rg BT 294.45 446.25 Td (reflect ) Tj ET Q q 0 0 0 rg BT 322.89 446.25 Td (the ) Tj ET Q q 0 0 0 rg BT 338.02 446.25 Td (Company) Tj ET Q q 0 0 0 rg BT 379.68 446.25 Td (s ) Tj ET Q q 0 0 0 rg BT 386.48 446.25 Td (expectations ) Tj ET Q q 0 0 0 rg BT 439.37 446.25 Td (and ) Tj ET Q q 0 0 0 rg BT 456.72 446.25 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 509.07 446.25 Td (regarding ) Tj ET Q q 0 0 0 rg BT 550.30 446.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 434.25 Td (results ) Tj ET Q q 0 0 0 rg BT 77.68 434.25 Td (of ) Tj ET Q q 0 0 0 rg BT 88.08 434.25 Td (operations, ) Tj ET Q q 0 0 0 rg BT 134.30 434.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 186.89 434.25 Td (and ) Tj ET Q q 0 0 0 rg BT 203.40 434.25 Td (business ) Tj ET Q q 0 0 0 rg BT 239.36 434.25 Td (prospects ) Tj ET Q q 0 0 0 rg BT 279.20 434.25 Td (and ) Tj ET Q q 0 0 0 rg BT 295.71 434.25 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 350.55 434.25 Td (of ) Tj ET Q q 0 0 0 rg BT 360.95 434.25 Td (the ) Tj ET Q q 0 0 0 rg BT 375.24 434.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 416.19 434.25 Td (and ) Tj ET Q q 0 0 0 rg BT 432.70 434.25 Td (its ) Tj ET Q q 0 0 0 rg BT 444.22 434.25 Td (subsidiaries. ) Tj ET Q q 0 0 0 rg BT 496.00 434.25 Td (Forward ) Tj ET Q q 0 0 0 rg BT 531.96 434.25 Td (looking ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 422.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 94.10 422.25 Td (are ) Tj ET Q q 0 0 0 rg BT 108.70 422.25 Td (often, ) Tj ET Q q 0 0 0 rg BT 134.13 422.25 Td (but ) Tj ET Q q 0 0 0 rg BT 149.30 422.25 Td (not ) Tj ET Q q 0 0 0 rg BT 164.47 422.25 Td (always, ) Tj ET Q q 0 0 0 rg BT 197.13 422.25 Td (identified ) Tj ET Q q 0 0 0 rg BT 237.84 422.25 Td (by ) Tj ET Q q 0 0 0 rg BT 250.22 422.25 Td (the ) Tj ET Q q 0 0 0 rg BT 264.83 422.25 Td (use ) Tj ET Q q 0 0 0 rg BT 280.55 422.25 Td (of ) Tj ET Q q 0 0 0 rg BT 291.27 422.25 Td (words ) Tj ET Q q 0 0 0 rg BT 318.10 422.25 Td (such ) Tj ET Q q 0 0 0 rg BT 338.82 422.25 Td (as ) Tj ET Q q 0 0 0 rg BT 349.54 422.25 Td (may, ) Tj ET Q q 0 0 0 rg BT 380.52 422.25 Td (would, ) Tj ET Q q 0 0 0 rg BT 419.29 422.25 Td (could, ) Tj ET Q q 0 0 0 rg BT 455.27 422.25 Td (will, ) Tj ET Q q 0 0 0 rg BT 484.59 422.25 Td (should, ) Tj ET Q q 0 0 0 rg BT 525.03 422.25 Td (expect, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 410.25 Td (expects, ) Tj ET Q q 0 0 0 rg BT 92.48 410.25 Td (plan, ) Tj ET Q q 0 0 0 rg BT 122.70 410.25 Td (intend, ) Tj ET Q q 0 0 0 rg BT 160.69 410.25 Td (anticipate, ) Tj ET Q q 0 0 0 rg BT 212.55 410.25 Td (believe, ) Tj ET Q q 0 0 0 rg BT 254.42 410.25 Td (estimate, ) Tj ET Q q 0 0 0 rg BT 300.74 410.25 Td (predict, ) Tj ET Q q 0 0 0 rg BT 341.50 410.25 Td (potential, ) Tj ET Q q 0 0 0 rg BT 389.49 410.25 Td (pursue, ) Tj ET Q q 0 0 0 rg BT 429.14 410.25 Td (continue, ) Tj ET Q q 0 0 0 rg BT 476.58 410.25 Td (seek ) Tj ET Q q 0 0 0 rg BT 504.84 410.25 Td (or ) Tj ET Q q 0 0 0 rg BT 514.79 410.25 Td (the ) Tj ET Q q 0 0 0 rg BT 528.63 410.25 Td (negative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 398.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.31 398.25 Td (these ) Tj ET Q q 0 0 0 rg BT 83.34 398.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 108.04 398.25 Td (or ) Tj ET Q q 0 0 0 rg BT 118.86 398.25 Td (other ) Tj ET Q q 0 0 0 rg BT 141.89 398.25 Td (similar ) Tj ET Q q 0 0 0 rg BT 172.14 398.25 Td (expressions ) Tj ET Q q 0 0 0 rg BT 221.28 398.25 Td (concerning ) Tj ET Q q 0 0 0 rg BT 268.19 398.25 Td (matters ) Tj ET Q q 0 0 0 rg BT 300.11 398.25 Td (that ) Tj ET Q q 0 0 0 rg BT 317.59 398.25 Td (are ) Tj ET Q q 0 0 0 rg BT 332.28 398.25 Td (not ) Tj ET Q q 0 0 0 rg BT 347.54 398.25 Td (historical ) Tj ET Q q 0 0 0 rg BT 387.23 398.25 Td (facts. ) Tj ET Q q 0 0 0 rg BT 411.09 398.25 Td (In ) Tj ET Q q 0 0 0 rg BT 421.90 398.25 Td (particular) Tj ET Q q 0 0 0 rg BT 459.81 398.25 Td (, ) Tj ET Q q 0 0 0 rg BT 464.80 398.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 509.49 398.25 Td (regarding ) Tj ET Q q 0 0 0 rg BT 550.29 398.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 386.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 90.76 386.25 Td (or ) Tj ET Q q 0 0 0 rg BT 101.47 386.25 Td (any ) Tj ET Q q 0 0 0 rg BT 118.28 386.25 Td (of ) Tj ET Q q 0 0 0 rg BT 128.99 386.25 Td (its ) Tj ET Q q 0 0 0 rg BT 140.81 386.25 Td (subsidiaries) Tj ET Q q 0 0 0 rg BT 190.62 386.25 Td ( ) Tj ET Q q 0 0 0 rg BT 192.99 386.25 Td (growth, ) Tj ET Q q 0 0 0 rg BT 226.20 386.25 Td (objectives, ) Tj ET Q q 0 0 0 rg BT 271.61 386.25 Td (future ) Tj ET Q q 0 0 0 rg BT 297.87 386.25 Td (plans ) Tj ET Q q 0 0 0 rg BT 321.35 386.25 Td (and ) Tj ET Q q 0 0 0 rg BT 338.16 386.25 Td (goals, ) Tj ET Q q 0 0 0 rg BT 364.15 386.25 Td (including ) Tj ET Q q 0 0 0 rg BT 404.30 386.25 Td (those ) Tj ET Q q 0 0 0 rg BT 427.78 386.25 Td (related ) Tj ET Q q 0 0 0 rg BT 457.36 386.25 Td (to ) Tj ET Q q 0 0 0 rg BT 467.51 386.25 Td (future ) Tj ET Q q 0 0 0 rg BT 493.77 386.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 533.90 386.25 Td (results, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 374.25 Td (economic ) Tj ET Q q 0 0 0 rg BT 90.38 374.25 Td (performance, ) Tj ET Q q 0 0 0 rg BT 145.40 374.25 Td (and ) Tj ET Q q 0 0 0 rg BT 161.84 374.25 Td (the ) Tj ET Q q 0 0 0 rg BT 176.06 374.25 Td (markets ) Tj ET Q q 0 0 0 rg BT 209.72 374.25 Td (and ) Tj ET Q q 0 0 0 rg BT 226.16 374.25 Td (industries ) Tj ET Q q 0 0 0 rg BT 267.05 374.25 Td (in ) Tj ET Q q 0 0 0 rg BT 276.84 374.25 Td (which ) Tj ET Q q 0 0 0 rg BT 303.28 374.25 Td (the ) Tj ET Q q 0 0 0 rg BT 317.50 374.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 358.39 374.25 Td (operates ) Tj ET Q q 0 0 0 rg BT 393.71 374.25 Td (are ) Tj ET Q q 0 0 0 rg BT 407.92 374.25 Td (or ) Tj ET Q q 0 0 0 rg BT 418.25 374.25 Td (involve ) Tj ET Q q 0 0 0 rg BT 450.25 374.25 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 517.79 374.25 Td (statements. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 362.25 Td (Specific ) Tj ET Q q 0 0 0 rg BT 84.67 362.25 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 152.61 362.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 197.23 362.25 Td (in ) Tj ET Q q 0 0 0 rg BT 207.42 362.25 Td (this ) Tj ET Q q 0 0 0 rg BT 224.27 362.25 Td (document ) Tj ET Q q 0 0 0 rg BT 266.11 362.25 Td (include, ) Tj ET Q q 0 0 0 rg BT 300.45 362.25 Td (but ) Tj ET Q q 0 0 0 rg BT 315.63 362.25 Td (are ) Tj ET Q q 0 0 0 rg BT 330.25 362.25 Td (not ) Tj ET Q q 0 0 0 rg BT 345.43 362.25 Td (limited ) Tj ET Q q 0 0 0 rg BT 376.17 362.25 Td (to, ) Tj ET Q q 0 0 0 rg BT 388.85 362.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 433.47 362.25 Td (under ) Tj ET Q q 0 0 0 rg BT 458.65 362.25 Td (the ) Tj ET Q q 0 0 0 rg BT 473.27 362.25 Td (Outlook ) Tj ET Q q 0 0 0 rg BT 517.33 362.25 Td (section ) Tj ET Q q 0 0 0 rg BT 548.06 362.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 350.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 94.21 350.25 Td (with ) Tj ET Q q 0 0 0 rg BT 114.49 350.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 145.31 350.25 Td (to:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 326.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 326.25 Td (the ) Tj ET Q q 0 0 0 rg BT 100.22 326.25 Td (business ) Tj ET Q q 0 0 0 rg BT 136.61 326.25 Td (strategies ) Tj ET Q q 0 0 0 rg BT 176.87 326.25 Td (and ) Tj ET Q q 0 0 0 rg BT 193.81 326.25 Td (strategic ) Tj ET Q q 0 0 0 rg BT 230.18 326.25 Td (priorities ) Tj ET Q q 0 0 0 rg BT 268.79 326.25 Td (of ) Tj ET Q q 0 0 0 rg BT 279.62 326.25 Td (the ) Tj ET Q q 0 0 0 rg BT 294.33 326.25 Td (Company;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 314.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 314.25 Td (management) Tj ET Q q 0 0 0 rg BT 139.37 314.25 Td (s ) Tj ET Q q 0 0 0 rg BT 147.23 314.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 177.86 314.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 216.81 314.25 Td (tar) Tj ET Q q 0 0 0 rg BT 227.18 314.25 Td (gets ) Tj ET Q q 0 0 0 rg BT 247.26 314.25 Td (and ) Tj ET Q q 0 0 0 rg BT 265.67 314.25 Td (the ) Tj ET Q q 0 0 0 rg BT 281.85 314.25 Td (future ) Tj ET Q q 0 0 0 rg BT 309.70 314.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 348.66 314.25 Td (and ) Tj ET Q q 0 0 0 rg BT 367.07 314.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 408.80 314.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 463.29 314.25 Td (of ) Tj ET Q q 0 0 0 rg BT 475.60 314.25 Td (the ) Tj ET Q q 0 0 0 rg BT 491.79 314.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 534.64 314.25 Td (and ) Tj ET Q q 0 0 0 rg BT 553.05 314.25 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 302.25 Td (subsidiaries; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 290.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 290.25 Td (the ) Tj ET Q q 0 0 0 rg BT 100.22 290.25 Td (timing ) Tj ET Q q 0 0 0 rg BT 128.83 290.25 Td (for ) Tj ET Q q 0 0 0 rg BT 142.99 290.25 Td (implementation ) Tj ET Q q 0 0 0 rg BT 208.25 290.25 Td (of ) Tj ET Q q 0 0 0 rg BT 219.08 290.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 248.79 290.25 Td (business ) Tj ET Q q 0 0 0 rg BT 285.18 290.25 Td (strategies ) Tj ET Q q 0 0 0 rg BT 325.44 290.25 Td (and ) Tj ET Q q 0 0 0 rg BT 342.38 290.25 Td (other ) Tj ET Q q 0 0 0 rg BT 365.43 290.25 Td (operational ) Tj ET Q q 0 0 0 rg BT 412.91 290.25 Td (activities ) Tj ET Q q 0 0 0 rg BT 451.51 290.25 Td (of ) Tj ET Q q 0 0 0 rg BT 462.34 290.25 Td (the ) Tj ET Q q 0 0 0 rg BT 477.05 290.25 Td (Company;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 278.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 278.25 Td (the ) Tj ET Q q 0 0 0 rg BT 100.22 278.25 Td (markets ) Tj ET Q q 0 0 0 rg BT 134.37 278.25 Td (and ) Tj ET Q q 0 0 0 rg BT 151.31 278.25 Td (industries, ) Tj ET Q q 0 0 0 rg BT 195.20 278.25 Td (including ) Tj ET Q q 0 0 0 rg BT 235.47 278.25 Td (competitive ) Tj ET Q q 0 0 0 rg BT 285.18 278.25 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 331.84 278.25 Td (in ) Tj ET Q q 0 0 0 rg BT 342.12 278.25 Td (which ) Tj ET Q q 0 0 0 rg BT 369.06 278.25 Td (the ) Tj ET Q q 0 0 0 rg BT 383.78 278.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 425.16 278.25 Td (operates;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 266.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 266.25 Td (the ) Tj ET Q q 0 0 0 rg BT 100.22 266.25 Td (Company) Tj ET Q q 0 0 0 rg BT 141.88 266.25 Td (s ) Tj ET Q q 0 0 0 rg BT 148.27 266.25 Td (production ) Tj ET Q q 0 0 0 rg BT 194.10 266.25 Td (pipeline;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 254.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 254.25 Td (the ) Tj ET Q q 0 0 0 rg BT 100.22 254.25 Td (rebranding ) Tj ET Q q 0 0 0 rg BT 146.03 254.25 Td (of ) Tj ET Q q 0 0 0 rg BT 156.86 254.25 Td (the ) Tj ET Q q 0 0 0 rg BT 171.58 254.25 Td (television ) Tj ET Q q 0 0 0 rg BT 212.96 254.25 Td (channels ) Tj ET Q q 0 0 0 rg BT 250.45 254.25 Td (of ) Tj ET Q q 0 0 0 rg BT 261.28 254.25 Td (the ) Tj ET Q q 0 0 0 rg BT 275.99 254.25 Td (Company;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 242.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 242.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 114.65 242.25 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 168.24 242.25 Td (in ) Tj ET Q q 0 0 0 rg BT 178.52 242.25 Td (connection ) Tj ET Q q 0 0 0 rg BT 224.89 242.25 Td (with ) Tj ET Q q 0 0 0 rg BT 245.17 242.25 Td (its ) Tj ET Q q 0 0 0 rg BT 257.12 242.25 Td (construction ) Tj ET Q q 0 0 0 rg BT 309.05 242.25 Td (of ) Tj ET Q q 0 0 0 rg BT 319.88 242.25 Td (its ) Tj ET Q q 0 0 0 rg BT 331.83 242.25 Td (new ) Tj ET Q q 0 0 0 rg BT 350.99 242.25 Td (leased ) Tj ET Q q 0 0 0 rg BT 378.48 242.25 Td (studio ) Tj ET Q q 0 0 0 rg BT 405.43 242.25 Td (in ) Tj ET Q q 0 0 0 rg BT 415.52 242.25 Td (V) Tj ET Q q 0 0 0 rg BT 421.64 242.25 Td (ancouver;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 230.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 230.25 Td (the ) Tj ET Q q 0 0 0 rg BT 100.22 230.25 Td (Company) Tj ET Q q 0 0 0 rg BT 141.88 230.25 Td (s ) Tj ET Q q 0 0 0 rg BT 148.27 230.25 Td (live ) Tj ET Q q 0 0 0 rg BT 165.77 230.25 Td (tours ) Tj ET Q q 0 0 0 rg BT 188.27 230.25 Td (business; ) Tj ET Q q 0 0 0 rg BT 227.44 230.25 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 218.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 218.25 Td (the ) Tj ET Q q 0 0 0 rg BT 100.22 218.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 137.70 218.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 167.41 218.25 Td (of ) Tj ET Q q 0 0 0 rg BT 178.24 218.25 Td (its ) Tj ET Q q 0 0 0 rg BT 190.19 218.25 Td (long-term ) Tj ET Q q 0 0 0 rg BT 232.12 218.25 Td (agreement ) Tj ET Q q 0 0 0 rg BT 276.26 218.25 Td (with ) Tj ET Q q 0 0 0 rg BT 296.54 218.25 Td (Mattel, ) Tj ET Q q 0 0 0 rg BT 327.64 218.25 Td (Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 194.25 Td (Forward-looking ) Tj ET Q q 0 0 0 rg BT 137.81 194.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 182.57 194.25 Td (are ) Tj ET Q q 0 0 0 rg BT 197.32 194.25 Td (based ) Tj ET Q q 0 0 0 rg BT 222.64 194.25 Td (on ) Tj ET Q q 0 0 0 rg BT 235.18 194.25 Td (factors ) Tj ET Q q 0 0 0 rg BT 264.94 194.25 Td (and ) Tj ET Q q 0 0 0 rg BT 281.92 194.25 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 333.91 194.25 Td (that ) Tj ET Q q 0 0 0 rg BT 351.45 194.25 Td (management ) Tj ET Q q 0 0 0 rg BT 405.09 194.25 Td (believes ) Tj ET Q q 0 0 0 rg BT 440.40 194.25 Td (are ) Tj ET Q q 0 0 0 rg BT 455.15 194.25 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 500.45 194.25 Td (at ) Tj ET Q q 0 0 0 rg BT 510.21 194.25 Td (the ) Tj ET Q q 0 0 0 rg BT 524.97 194.25 Td (time ) Tj ET Q q 0 0 0 rg BT 545.29 194.25 Td (they ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 182.25 Td (are ) Tj ET Q q 0 0 0 rg BT 63.12 182.25 Td (made, ) Tj ET Q q 0 0 0 rg BT 88.70 182.25 Td (but ) Tj ET Q q 0 0 0 rg BT 102.89 182.25 Td (a ) Tj ET Q q 0 0 0 rg BT 108.75 182.25 Td (number ) Tj ET Q q 0 0 0 rg BT 140.71 182.25 Td (of ) Tj ET Q q 0 0 0 rg BT 150.46 182.25 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 201.33 182.25 Td (may ) Tj ET Q q 0 0 0 rg BT 219.96 182.25 Td (prove ) Tj ET Q q 0 0 0 rg BT 244.15 182.25 Td (to ) Tj ET Q q 0 0 0 rg BT 253.34 182.25 Td (be ) Tj ET Q q 0 0 0 rg BT 264.20 182.25 Td (incorrect, ) Tj ET Q q 0 0 0 rg BT 303.65 182.25 Td (including, ) Tj ET Q q 0 0 0 rg BT 345.34 182.25 Td (but ) Tj ET Q q 0 0 0 rg BT 359.54 182.25 Td (not ) Tj ET Q q 0 0 0 rg BT 373.73 182.25 Td (limited ) Tj ET Q q 0 0 0 rg BT 403.48 182.25 Td (to, ) Tj ET Q q 0 0 0 rg BT 415.17 182.25 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 466.04 182.25 Td (about: ) Tj ET Q q 0 0 0 rg BT 492.45 182.25 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 503.31 182.25 Td (the ) Tj ET Q q 0 0 0 rg BT 516.94 182.25 Td (Company) Tj ET Q q 0 0 0 rg BT 558.61 182.25 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 170.25 Td (future ) Tj ET Q q 0 0 0 rg BT 75.38 170.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 115.14 170.25 Td (results, ) Tj ET Q q 0 0 0 rg BT 145.74 170.25 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 159.96 170.25 Td (the ) Tj ET Q q 0 0 0 rg BT 174.18 170.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 211.71 170.25 Td (pace ) Tj ET Q q 0 0 0 rg BT 232.02 170.25 Td (of ) Tj ET Q q 0 0 0 rg BT 242.35 170.25 Td (expansion ) Tj ET Q q 0 0 0 rg BT 284.89 170.25 Td (of ) Tj ET Q q 0 0 0 rg BT 295.22 170.25 Td (the ) Tj ET Q q 0 0 0 rg BT 309.44 170.25 Td (Company) Tj ET Q q 0 0 0 rg BT 351.10 170.25 Td (s ) Tj ET Q q 0 0 0 rg BT 356.99 170.25 Td (operations, ) Tj ET Q q 0 0 0 rg BT 403.15 170.25 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 420.14 170.25 Td (future ) Tj ET Q q 0 0 0 rg BT 446.02 170.25 Td (general ) Tj ET Q q 0 0 0 rg BT 477.44 170.25 Td (economic ) Tj ET Q q 0 0 0 rg BT 518.31 170.25 Td (and ) Tj ET Q q 0 0 0 rg BT 534.75 170.25 Td (market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 158.25 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 95.96 158.25 Td (including ) Tj ET Q q 0 0 0 rg BT 136.03 158.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 155.54 158.25 Td (and ) Tj ET Q q 0 0 0 rg BT 172.27 158.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 199.56 158.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 228.50 158.25 Td (markets, ) Tj ET Q q 0 0 0 rg BT 264.95 158.25 Td (\(iv\) ) Tj ET Q q 0 0 0 rg BT 281.68 158.25 Td (the ) Tj ET Q q 0 0 0 rg BT 296.20 158.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 325.70 158.25 Td (of ) Tj ET Q q 0 0 0 rg BT 336.33 158.25 Td (increasing ) Tj ET Q q 0 0 0 rg BT 379.71 158.25 Td (competition ) Tj ET Q q 0 0 0 rg BT 429.78 158.25 Td (on ) Tj ET Q q 0 0 0 rg BT 442.07 158.25 Td (the ) Tj ET Q q 0 0 0 rg BT 456.58 158.25 Td (Company) Tj ET Q q 0 0 0 rg BT 494.82 158.25 Td (, ) Tj ET Q q 0 0 0 rg BT 499.61 158.25 Td (and ) Tj ET Q q 0 0 0 rg BT 516.34 158.25 Td (\(v\) ) Tj ET Q q 0 0 0 rg BT 530.30 158.25 Td (changes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 146.25 Td (to ) Tj ET Q q 0 0 0 rg BT 59.66 146.25 Td (the ) Tj ET Q q 0 0 0 rg BT 74.26 146.25 Td (industry ) Tj ET Q q 0 0 0 rg BT 109.43 146.25 Td (and ) Tj ET Q q 0 0 0 rg BT 126.25 146.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 160.84 146.25 Td (in ) Tj ET Q q 0 0 0 rg BT 171.00 146.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 191.72 146.25 Td (and ) Tj ET Q q 0 0 0 rg BT 208.54 146.25 Td (regulations ) Tj ET Q q 0 0 0 rg BT 255.36 146.25 Td (related ) Tj ET Q q 0 0 0 rg BT 284.94 146.25 Td (to ) Tj ET Q q 0 0 0 rg BT 295.11 146.25 Td (the ) Tj ET Q q 0 0 0 rg BT 309.71 146.25 Td (industry) Tj ET Q q 0 0 0 rg BT 341.84 146.25 Td (. ) Tj ET Q q 0 0 0 rg BT 346.19 146.25 Td (Although ) Tj ET Q q 0 0 0 rg BT 386.36 146.25 Td (the ) Tj ET Q q 0 0 0 rg BT 400.96 146.25 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 468.88 146.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 513.48 146.25 Td (contained ) Tj ET Q q 0 0 0 rg BT 554.73 146.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 134.25 Td (this ) Tj ET Q q 0 0 0 rg BT 67.27 134.25 Td (MD&A) Tj ET Q q 0 0 0 rg BT 97.83 134.25 Td ( ) Tj ET Q q 0 0 0 rg BT 101.16 134.25 Td (and ) Tj ET Q q 0 0 0 rg BT 118.92 134.25 Td (any ) Tj ET Q q 0 0 0 rg BT 136.68 134.25 Td (documents ) Tj ET Q q 0 0 0 rg BT 183.33 134.25 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 237.19 134.25 Td (by ) Tj ET Q q 0 0 0 rg BT 250.51 134.25 Td (reference ) Tj ET Q q 0 0 0 rg BT 291.02 134.25 Td (herein ) Tj ET Q q 0 0 0 rg BT 319.33 134.25 Td (are ) Tj ET Q q 0 0 0 rg BT 334.86 134.25 Td (based ) Tj ET Q q 0 0 0 rg BT 360.95 134.25 Td (on ) Tj ET Q q 0 0 0 rg BT 374.28 134.25 Td (what ) Tj ET Q q 0 0 0 rg BT 397.04 134.25 Td (the ) Tj ET Q q 0 0 0 rg BT 412.58 134.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 454.79 134.25 Td (considers ) Tj ET Q q 0 0 0 rg BT 495.89 134.25 Td (to ) Tj ET Q q 0 0 0 rg BT 506.99 134.25 Td (be ) Tj ET Q q 0 0 0 rg BT 519.75 134.25 Td (reasonable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 122.25 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 101.13 122.25 Td (based ) Tj ET Q q 0 0 0 rg BT 126.09 122.25 Td (on ) Tj ET Q q 0 0 0 rg BT 138.28 122.25 Td (information ) Tj ET Q q 0 0 0 rg BT 187.67 122.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 225.96 122.25 Td (available ) Tj ET Q q 0 0 0 rg BT 264.23 122.25 Td (to ) Tj ET Q q 0 0 0 rg BT 274.20 122.25 Td (the ) Tj ET Q q 0 0 0 rg BT 288.60 122.25 Td (Company) Tj ET Q q 0 0 0 rg BT 326.84 122.25 Td (, ) Tj ET Q q 0 0 0 rg BT 331.52 122.25 Td (there ) Tj ET Q q 0 0 0 rg BT 353.69 122.25 Td (can ) Tj ET Q q 0 0 0 rg BT 369.76 122.25 Td (be ) Tj ET Q q 0 0 0 rg BT 381.38 122.25 Td (no ) Tj ET Q q 0 0 0 rg BT 393.57 122.25 Td (assurances ) Tj ET Q q 0 0 0 rg BT 438.51 122.25 Td (that ) Tj ET Q q 0 0 0 rg BT 455.70 122.25 Td (actual ) Tj ET Q q 0 0 0 rg BT 481.75 122.25 Td (events, ) Tj ET Q q 0 0 0 rg BT 511.99 122.25 Td (performance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 110.25 Td (or ) Tj ET Q q 0 0 0 rg BT 60.33 110.25 Td (results ) Tj ET Q q 0 0 0 rg BT 88.94 110.25 Td (will ) Tj ET Q q 0 0 0 rg BT 107.00 110.25 Td (be ) Tj ET Q q 0 0 0 rg BT 118.93 110.25 Td (consistent ) Tj ET Q q 0 0 0 rg BT 161.43 110.25 Td (with ) Tj ET Q q 0 0 0 rg BT 181.71 110.25 Td (these ) Tj ET Q q 0 0 0 rg BT 204.75 110.25 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 272.79 110.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 317.50 110.25 Td (and ) Tj ET Q q 0 0 0 rg BT 334.44 110.25 Td (these ) Tj ET Q q 0 0 0 rg BT 357.49 110.25 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 409.44 110.25 Td (may ) Tj ET Q q 0 0 0 rg BT 429.15 110.25 Td (prove ) Tj ET Q q 0 0 0 rg BT 454.42 110.25 Td (to ) Tj ET Q q 0 0 0 rg BT 464.70 110.25 Td (be ) Tj ET Q q 0 0 0 rg BT 476.64 110.25 Td (incorrect.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 86.25 Td (A) Tj ET Q q 0 0 0 rg BT 74.17 86.25 Td ( ) Tj ET Q q 0 0 0 rg BT 76.77 86.25 Td (number ) Tj ET Q q 0 0 0 rg BT 109.92 86.25 Td (of ) Tj ET Q q 0 0 0 rg BT 120.85 86.25 Td (known ) Tj ET Q q 0 0 0 rg BT 150.67 86.25 Td (and ) Tj ET Q q 0 0 0 rg BT 167.71 86.25 Td (unknown ) Tj ET Q q 0 0 0 rg BT 207.54 86.25 Td (risks, ) Tj ET Q q 0 0 0 rg BT 231.53 86.25 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 285.22 86.25 Td (and ) Tj ET Q q 0 0 0 rg BT 302.26 86.25 Td (other ) Tj ET Q q 0 0 0 rg BT 325.41 86.25 Td (factors ) Tj ET Q q 0 0 0 rg BT 355.22 86.25 Td (could ) Tj ET Q q 0 0 0 rg BT 380.04 86.25 Td (cause ) Tj ET Q q 0 0 0 rg BT 404.85 86.25 Td (actual ) Tj ET Q q 0 0 0 rg BT 431.32 86.25 Td (events, ) Tj ET Q q 0 0 0 rg BT 461.97 86.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 515.09 86.25 Td (or ) Tj ET Q q 0 0 0 rg BT 526.02 86.25 Td (results ) Tj ET Q q 0 0 0 rg BT 554.73 86.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 74.25 Td (dif) Tj ET Q q 0 0 0 rg BT 60.43 74.25 Td (fer ) Tj ET Q q 0 0 0 rg BT 74.48 74.25 Td (materially ) Tj ET Q q 0 0 0 rg BT 117.98 74.25 Td (from ) Tj ET Q q 0 0 0 rg BT 140.38 74.25 Td (what ) Tj ET Q q 0 0 0 rg BT 162.77 74.25 Td (is ) Tj ET Q q 0 0 0 rg BT 172.40 74.25 Td (projected ) Tj ET Q q 0 0 0 rg BT 212.56 74.25 Td (in ) Tj ET Q q 0 0 0 rg BT 223.30 74.25 Td (the ) Tj ET Q q 0 0 0 rg BT 238.47 74.25 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 306.97 74.25 Td (statements, ) Tj ET Q q 0 0 0 rg BT 354.64 74.25 Td (including, ) Tj ET Q q 0 0 0 rg BT 397.87 74.25 Td (but ) Tj ET Q q 0 0 0 rg BT 413.60 74.25 Td (not ) Tj ET Q q 0 0 0 rg BT 429.34 74.25 Td (limited ) Tj ET Q q 0 0 0 rg BT 460.63 74.25 Td (to, ) Tj ET Q q 0 0 0 rg BT 473.87 74.25 Td (general ) Tj ET Q q 0 0 0 rg BT 506.25 74.25 Td (economic ) Tj ET Q q 0 0 0 rg BT 548.08 74.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 62.25 Td (market ) Tj ET Q q 0 0 0 rg BT 80.52 62.25 Td (segment ) Tj ET Q q 0 0 0 rg BT 117.11 62.25 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 164.53 62.25 Td (competitor ) Tj ET Q q 0 0 0 rg BT 211.11 62.25 Td (activities, ) Tj ET Q q 0 0 0 rg BT 252.97 62.25 Td (product ) Tj ET Q q 0 0 0 rg BT 286.78 62.25 Td (capability ) Tj ET Q q 0 0 0 rg BT 329.46 62.25 Td (and ) Tj ET Q q 0 0 0 rg BT 347.16 62.25 Td (acceptance, ) Tj ET Q q 0 0 0 rg BT 396.77 62.25 Td (international ) Tj ET Q q 0 0 0 rg BT 450.56 62.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 468.82 62.25 Td (and ) Tj ET Q q 0 0 0 rg BT 486.52 62.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 524.76 62.25 Td (exchange ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 50.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 73.02 50.25 Td (and ) Tj ET Q q 0 0 0 rg BT 92.10 50.25 Td (technology ) Tj ET Q q 0 0 0 rg BT 141.18 50.25 Td (changes. ) Tj ET Q q 0 0 0 rg BT 180.52 50.25 Td (In ) Tj ET Q q 0 0 0 rg BT 193.50 50.25 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 239.79 50.25 Td (these ) Tj ET Q q 0 0 0 rg BT 264.98 50.25 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 335.16 50.25 Td (statements, ) Tj ET Q q 0 0 0 rg BT 384.51 50.25 Td (investors ) Tj ET Q q 0 0 0 rg BT 425.26 50.25 Td (and ) Tj ET Q q 0 0 0 rg BT 444.34 50.25 Td (prospective ) Tj ET Q q 0 0 0 rg BT 495.08 50.25 Td (investors ) Tj ET Q q 0 0 0 rg BT 535.83 50.25 Td (should ) Tj ET Q endstream endobj 7 0 obj <> endobj 8 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6 0.6 0.6 rg BT 303.50 33.60 Td (3) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 49.50 740.10 Td (specifically ) Tj ET Q q 0 0 0 rg BT 97.85 740.10 Td (consider ) Tj ET Q q 0 0 0 rg BT 133.98 740.10 Td (various ) Tj ET Q q 0 0 0 rg BT 165.68 740.10 Td (risks, ) Tj ET Q q 0 0 0 rg BT 189.33 740.10 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 242.68 740.10 Td (and ) Tj ET Q q 0 0 0 rg BT 259.37 740.10 Td (other ) Tj ET Q q 0 0 0 rg BT 282.18 740.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 311.64 740.10 Td (which ) Tj ET Q q 0 0 0 rg BT 338.34 740.10 Td (may ) Tj ET Q q 0 0 0 rg BT 357.82 740.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 382.28 740.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 408.41 740.10 Td (events, ) Tj ET Q q 0 0 0 rg BT 438.72 740.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 491.50 740.10 Td (or ) Tj ET Q q 0 0 0 rg BT 502.09 740.10 Td (results ) Tj ET Q q 0 0 0 rg BT 530.45 740.10 Td (to ) Tj ET Q q 0 0 0 rg BT 540.49 740.10 Td (dif) Tj ET Q q 0 0 0 rg BT 551.42 740.10 Td (fer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 92.54 728.10 Td (from ) Tj ET Q q 0 0 0 rg BT 114.48 728.10 Td (any ) Tj ET Q q 0 0 0 rg BT 131.41 728.10 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 199.45 728.10 Td (statement. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 704.10 Td (This ) Tj ET Q q 0 0 0 rg BT 87.67 704.10 Td (is ) Tj ET Q q 0 0 0 rg BT 96.73 704.10 Td (not ) Tj ET Q q 0 0 0 rg BT 111.90 704.10 Td (an ) Tj ET Q q 0 0 0 rg BT 123.73 704.10 Td (exhaustive ) Tj ET Q q 0 0 0 rg BT 168.89 704.10 Td (list ) Tj ET Q q 0 0 0 rg BT 183.50 704.10 Td (of ) Tj ET Q q 0 0 0 rg BT 194.23 704.10 Td (the ) Tj ET Q q 0 0 0 rg BT 208.83 704.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 238.43 704.10 Td (that ) Tj ET Q q 0 0 0 rg BT 255.82 704.10 Td (may ) Tj ET Q q 0 0 0 rg BT 275.43 704.10 Td (af) Tj ET Q q 0 0 0 rg BT 283.02 704.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 300.39 704.10 Td (any ) Tj ET Q q 0 0 0 rg BT 317.22 704.10 Td (of ) Tj ET Q q 0 0 0 rg BT 327.95 704.10 Td (the ) Tj ET Q q 0 0 0 rg BT 342.55 704.10 Td (Company) Tj ET Q q 0 0 0 rg BT 384.22 704.10 Td (s ) Tj ET Q q 0 0 0 rg BT 390.50 704.10 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 458.43 704.10 Td (statements. ) Tj ET Q q 0 0 0 rg BT 505.53 704.10 Td (Please ) Tj ET Q q 0 0 0 rg BT 533.47 704.10 Td (refer ) Tj ET Q q 0 0 0 rg BT 554.73 704.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 692.10 Td (a ) Tj ET Q q 0 0 0 rg BT 56.51 692.10 Td (discussion ) Tj ET Q q 0 0 0 rg BT 100.76 692.10 Td (of ) Tj ET Q q 0 0 0 rg BT 111.67 692.10 Td (the ) Tj ET Q q 0 0 0 rg BT 126.46 692.10 Td (above ) Tj ET Q q 0 0 0 rg BT 152.91 692.10 Td (and ) Tj ET Q q 0 0 0 rg BT 169.92 692.10 Td (other ) Tj ET Q q 0 0 0 rg BT 193.05 692.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 210.62 692.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 240.41 692.10 Td (related ) Tj ET Q q 0 0 0 rg BT 270.18 692.10 Td (to ) Tj ET Q q 0 0 0 rg BT 280.54 692.10 Td (the ) Tj ET Q q 0 0 0 rg BT 295.33 692.10 Td (business ) Tj ET Q q 0 0 0 rg BT 331.80 692.10 Td (of ) Tj ET Q q 0 0 0 rg BT 342.70 692.10 Td (the ) Tj ET Q q 0 0 0 rg BT 357.50 692.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 398.96 692.10 Td (and ) Tj ET Q q 0 0 0 rg BT 415.97 692.10 Td (the ) Tj ET Q q 0 0 0 rg BT 430.76 692.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 466.12 692.10 Td (in ) Tj ET Q q 0 0 0 rg BT 476.47 692.10 Td (which ) Tj ET Q q 0 0 0 rg BT 503.49 692.10 Td (it ) Tj ET Q q 0 0 0 rg BT 511.62 692.10 Td (operates ) Tj ET Q q 0 0 0 rg BT 547.51 692.10 Td (that ) Tj 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ET Q q 0 0 0 rg BT 252.50 584.25 Td (LLC ) Tj ET Q q 0 0 0 rg BT 273.89 584.25 Td (and ) Tj ET Q q 0 0 0 rg BT 290.83 584.25 Td (af) Tj ET Q q 0 0 0 rg BT 298.42 584.25 Td (filiated ) Tj ET Q q 0 0 0 rg BT 329.24 584.25 Td (companies ) Tj ET Q q 0 0 0 rg BT 374.50 584.25 Td (\(") Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 381.91 584.25 Td (Echo ) Tj ET Q q 0 0 0 rg BT 406.08 584.25 Td (Bridge) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.97 584.25 Td ("\) ) Tj ET Q q 0 0 0 rg BT 444.88 584.25 Td (on ) Tj ET Q q 0 0 0 rg BT 457.38 584.25 Td (November ) Tj ET Q q 0 0 0 rg BT 502.09 584.25 Td (13, ) Tj ET Q q 0 0 0 rg BT 517.09 584.25 Td (2014; ) Tj ET Q q 0 0 0 rg BT 542.37 584.25 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 572.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 572.25 Td (Nerd ) Tj ET Q q 0 0 0 rg BT 91.99 572.25 Td (Corps ) Tj ET Q q 0 0 0 rg BT 118.38 572.25 Td (Entertainment ) Tj ET Q q 0 0 0 rg BT 177.53 572.25 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 195.30 572.25 Td (\(") Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 202.71 572.25 Td (Nerd ) Tj ET Q q 0 0 0 rg BT 226.87 572.25 Td (Corps) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.98 572.25 Td ("\) ) Tj ET Q q 0 0 0 rg BT 262.89 572.25 Td (on ) Tj ET Q q 0 0 0 rg BT 275.39 572.25 Td (December ) Tj ET Q q 0 0 0 rg BT 318.98 572.25 Td (23, ) Tj ET Q q 0 0 0 rg BT 333.98 572.25 Td (2014.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 554.25 Td (The ) Tj ET Q q 0 0 0 rg BT 85.28 554.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 126.39 554.25 Td (produces, ) Tj ET Q q 0 0 0 rg BT 167.22 554.25 Td (distributes, ) Tj ET Q q 0 0 0 rg BT 213.61 554.25 Td (broadcasts, ) Tj ET Q q 0 0 0 rg BT 260.55 554.25 Td (and ) Tj ET Q q 0 0 0 rg BT 277.22 554.25 Td (exploits ) Tj ET Q q 0 0 0 rg BT 311.11 554.25 Td (the ) Tj ET Q q 0 0 0 rg BT 325.56 554.25 Td (rights ) Tj ET Q q 0 0 0 rg BT 350.56 554.25 Td (for ) Tj ET Q q 0 0 0 rg BT 364.45 554.25 Td (television ) Tj ET Q q 0 0 0 rg BT 405.56 554.25 Td (and ) Tj ET Q q 0 0 0 rg BT 422.23 554.25 Td (film ) Tj ET Q q 0 0 0 rg BT 441.13 554.25 Td (programming. ) Tj ET Q q 0 0 0 rg BT 500.29 554.25 Td (DHX) Tj ET Q q 0 0 0 rg BT 524.73 554.25 Td (s ) Tj ET Q q 0 0 0 rg BT 530.85 554.25 Td (primary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 542.25 Td (focus ) Tj ET Q q 0 0 0 rg BT 73.92 542.25 Td (is ) Tj ET Q q 0 0 0 rg BT 83.36 542.25 Td (on ) Tj ET Q q 0 0 0 rg BT 96.12 542.25 Td (children) Tj ET Q q 0 0 0 rg BT 131.66 542.25 Td (s, ) Tj ET Q q 0 0 0 rg BT 140.82 542.25 Td (youth, ) Tj ET Q q 0 0 0 rg BT 168.86 542.25 Td (and ) Tj ET Q q 0 0 0 rg BT 186.06 542.25 Td (family ) Tj ET Q q 0 0 0 rg BT 214.93 542.25 Td (\(collectively ) Tj ET Q q 0 0 0 rg BT 267.67 542.25 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 272.11 542.25 Td (Childr) Tj ET Q q 0 0 0 rg BT 300.27 542.25 Td (en) Tj ET Q q 0 0 0 rg BT 313.23 542.25 Td (s ) Tj ET Q q 0 0 0 rg BT 319.88 542.25 Td (and ) Tj ET Q q 0 0 0 rg BT 338.77 542.25 Td (Family) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.76 542.25 Td (\) ) Tj ET Q q 0 0 0 rg BT 379.29 542.25 Td (productions ) Tj ET Q q 0 0 0 rg BT 429.28 542.25 Td (because ) Tj ET Q q 0 0 0 rg BT 463.68 542.25 Td (of ) Tj ET Q q 0 0 0 rg BT 474.78 542.25 Td (the ) Tj ET Q q 0 0 0 rg BT 489.76 542.25 Td (international ) Tj ET Q q 0 0 0 rg BT 543.06 542.25 Td (sales ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 530.25 Td (potential ) Tj ET Q q 0 0 0 rg BT 89.21 530.25 Td (and ) Tj ET Q q 0 0 0 rg BT 108.37 530.25 Td (longer) Tj ET Q q 0 0 0 rg BT 133.72 530.25 Td (-term ) Tj ET Q q 0 0 0 rg BT 160.09 530.25 Td (and ) Tj ET Q q 0 0 0 rg BT 179.25 530.25 Td (multiple ) Tj ET Q q 0 0 0 rg BT 217.31 530.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 253.67 530.25 Td (streams ) Tj ET Q q 0 0 0 rg BT 288.94 530.25 Td (that ) Tj ET Q q 0 0 0 rg BT 308.66 530.25 Td (this ) Tj ET Q q 0 0 0 rg BT 327.83 530.25 Td (genre ) Tj ET Q q 0 0 0 rg BT 354.75 530.25 Td (of ) Tj ET Q q 0 0 0 rg BT 367.81 530.25 Td (programming ) Tj ET Q q 0 0 0 rg BT 426.96 530.25 Td (provides. ) Tj ET Q q 0 0 0 rg BT 468.62 530.25 Td (Children) Tj ET Q q 0 0 0 rg BT 506.39 530.25 Td (s ) Tj ET Q q 0 0 0 rg BT 515.01 530.25 Td (and ) Tj ET Q q 0 0 0 rg BT 534.17 530.25 Td (Family ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 518.25 Td (programming ) Tj ET Q q 0 0 0 rg BT 106.13 518.25 Td (travels ) Tj ET Q q 0 0 0 rg BT 134.98 518.25 Td (across ) Tj ET Q q 0 0 0 rg BT 162.17 518.25 Td (cultures ) Tj ET Q q 0 0 0 rg BT 196.02 518.25 Td (more ) Tj ET Q q 0 0 0 rg BT 218.77 518.25 Td (easily ) Tj ET Q q 0 0 0 rg BT 244.29 518.25 Td (than ) Tj ET Q q 0 0 0 rg BT 263.70 518.25 Td (other ) Tj ET Q q 0 0 0 rg BT 286.45 518.25 Td (genres ) Tj ET Q q 0 0 0 rg BT 314.74 518.25 Td (and ) Tj ET Q q 0 0 0 rg BT 331.38 518.25 Td (can ) Tj ET Q q 0 0 0 rg BT 347.45 518.25 Td (therefore ) Tj ET Q q 0 0 0 rg BT 385.74 518.25 Td (be ) Tj ET Q q 0 0 0 rg BT 397.37 518.25 Td (sold ) Tj ET Q q 0 0 0 rg BT 416.24 518.25 Td (into ) Tj ET Q q 0 0 0 rg BT 433.99 518.25 Td (numerous ) Tj ET Q q 0 0 0 rg BT 475.63 518.25 Td (markets, ) Tj ET Q q 0 0 0 rg BT 511.98 518.25 Td (typically ) Tj ET Q q 0 0 0 rg BT 549.17 518.25 Td (has ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 506.25 Td (a ) Tj ET Q q 0 0 0 rg BT 56.72 506.25 Td (longer ) Tj ET Q q 0 0 0 rg BT 85.05 506.25 Td (lifespan ) Tj ET Q q 0 0 0 rg BT 119.49 506.25 Td (than ) Tj ET Q q 0 0 0 rg BT 139.50 506.25 Td (other ) Tj ET Q q 0 0 0 rg BT 162.83 506.25 Td (genres, ) Tj ET Q q 0 0 0 rg BT 194.21 506.25 Td (and ) Tj ET Q q 0 0 0 rg BT 211.43 506.25 Td (can ) Tj ET Q q 0 0 0 rg BT 228.10 506.25 Td (be ) Tj ET Q q 0 0 0 rg BT 240.32 506.25 Td (leveraged ) Tj ET Q q 0 0 0 rg BT 281.97 506.25 Td (for ) Tj ET Q q 0 0 0 rg BT 296.41 506.25 Td (library ) Tj ET Q q 0 0 0 rg BT 325.85 506.25 Td (and ) Tj ET Q q 0 0 0 rg BT 343.07 506.25 Td (distribution ) Tj ET Q q 0 0 0 rg BT 391.97 506.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 430.29 506.25 Td (and ) Tj ET Q q 0 0 0 rg BT 447.52 506.25 Td (merchandising ) Tj ET Q q 0 0 0 rg BT 509.17 506.25 Td (and ) Tj ET Q q 0 0 0 rg BT 526.40 506.25 Td (licensing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 494.25 Td (revenues.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 476.25 Td (DHX) Tj ET Q q 0 0 0 rg BT 91.94 476.25 Td (s ) Tj ET Q q 0 0 0 rg BT 98.12 476.25 Td (content ) Tj ET Q q 0 0 0 rg BT 129.84 476.25 Td (library ) Tj ET Q q 0 0 0 rg BT 158.79 476.25 Td (includes ) Tj ET Q q 0 0 0 rg BT 194.40 476.25 Td (more ) Tj ET Q q 0 0 0 rg BT 217.23 476.25 Td (than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.74 476.25 Td (1) Tj ET Q q 0 0 0 rg BT 241.37 476.25 Td (1,800) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.87 476.25 Td ( ) Tj ET Q q 0 0 0 rg BT 266.15 476.25 Td (half ) Tj ET Q q 0 0 0 rg BT 283.99 476.25 Td (hours ) Tj ET Q q 0 0 0 rg BT 308.50 476.25 Td (of ) Tj ET Q q 0 0 0 rg BT 319.12 476.25 Td (award ) Tj ET Q q 0 0 0 rg BT 345.83 476.25 Td (winning ) Tj ET Q q 0 0 0 rg BT 380.90 476.25 Td (programming.DHX ) Tj ET Q q 0 0 0 rg BT 464.28 476.25 Td (is ) Tj ET Q q 0 0 0 rg BT 473.24 476.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 519.39 476.25 Td (for ) Tj ET Q q 0 0 0 rg BT 535.84 476.25 Td (brands ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 464.25 Td (such ) Tj ET Q q 0 0 0 rg BT 70.07 464.25 Td (as ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 80.65 464.25 Td (Caillou) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.65 464.25 Td (, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 115.40 464.25 Td (Y) Tj ET Q q 0 0 0 rg BT 120.04 464.25 Td (o ) Tj ET Q q 0 0 0 rg BT 127.28 464.25 Td (Gabba ) Tj ET Q q 0 0 0 rg BT 156.75 464.25 Td (Gabba!, ) Tj ET Q q 0 0 0 rg BT 192.04 464.25 Td (Inspector ) Tj ET Q q 0 0 0 rg BT 232.06 464.25 Td (Gadget) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.49 464.25 Td (, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 266.24 464.25 Td (T) Tj ET Q q 0 0 0 rg BT 270.88 464.25 Td (eletubbies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.42 464.25 Td (, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 316.17 464.25 Td (In ) Tj ET Q q 0 0 0 rg BT 326.74 464.25 Td (the ) Tj ET Q q 0 0 0 rg BT 341.20 464.25 Td (Night ) Tj ET Q q 0 0 0 rg BT 365.67 464.25 Td (Gar) Tj ET Q q 0 0 0 rg BT 381.41 464.25 Td (den) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.85 464.25 Td (, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 400.60 464.25 Td (Johnny ) Tj ET Q q 0 0 0 rg BT 431.72 464.25 Td (T) Tj ET Q q 0 0 0 rg BT 436.36 464.25 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.47 464.25 Td (, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 452.21 464.25 Td (Animal ) Tj ET Q q 0 0 0 rg BT 483.34 464.25 Td (Mechanicals) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.44 464.25 Td (, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 539.18 464.25 Td (Super ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 452.25 Td (WHY!) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.94 452.25 Td (, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 80.01 452.25 Td (Degrassi, ) Tj ET Q q 0 0 0 rg BT 122.18 452.25 Td (Make ) Tj ET Q q 0 0 0 rg BT 147.95 452.25 Td (It ) Tj ET Q q 0 0 0 rg BT 157.62 452.25 Td (Pop, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.79 452.25 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 197.79 452.25 Td (Slugterra) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.57 452.25 Td (. ) Tj ET Q q 0 0 0 rg BT 241.37 452.25 Td (W) Tj ET Q q 0 0 0 rg BT 250.41 452.25 Td (ith ) Tj ET Q q 0 0 0 rg BT 264.53 452.25 Td (the ) Tj ET Q q 0 0 0 rg BT 280.31 452.25 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 327.75 452.25 Td (of ) Tj ET Q q 0 0 0 rg BT 339.65 452.25 Td (DHX ) Tj ET Q q 0 0 0 rg BT 364.62 452.25 Td (T) Tj ET Q q 0 0 0 rg BT 370.03 452.25 Td (elevision, ) Tj ET Q q 0 0 0 rg BT 412.19 452.25 Td (the ) Tj ET Q q 0 0 0 rg BT 427.97 452.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 470.42 452.25 Td (added ) Tj ET Q q 0 0 0 rg BT 497.86 452.25 Td (broadcasting ) Tj ET Q q 0 0 0 rg BT 552.51 452.25 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 440.25 Td (acquiring ) Tj ET Q q 0 0 0 rg BT 89.85 440.25 Td (the ) Tj ET Q q 0 0 0 rg BT 104.65 440.25 Td (Family ) Tj ET Q q 0 0 0 rg BT 135.58 440.25 Td (Channel ) Tj ET Q q 0 0 0 rg BT 171.49 440.25 Td (\(") Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 178.90 440.25 Td (Family ) Tj ET Q q 0 0 0 rg BT 211.48 440.25 Td (Channel) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.61 440.25 Td ("\), ) Tj ET Q q 0 0 0 rg BT 260.10 440.25 Td (including ) Tj ET Q q 0 0 0 rg BT 300.46 440.25 Td (its ) Tj ET Q q 0 0 0 rg BT 312.50 440.25 Td (multiplex ) Tj ET Q q 0 0 0 rg BT 353.42 440.25 Td (feed ) Tj ET Q q 0 0 0 rg BT 373.21 440.25 Td (known ) Tj ET Q q 0 0 0 rg BT 403.02 440.25 Td (as ) Tj ET Q q 0 0 0 rg BT 413.94 440.25 Td (Family ) Tj ET Q q 0 0 0 rg BT 444.86 440.25 Td (Jr ) Tj ET Q q 0 0 0 rg BT 454.67 440.25 Td (\(") Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.08 440.25 Td (Family ) Tj ET Q q 0 0 0 rg BT 494.66 440.25 Td (Jr) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.10 440.25 Td ("\), ) Tj ET Q q 0 0 0 rg BT 516.60 440.25 Td (the ) Tj ET Q q 0 0 0 rg BT 531.40 440.25 Td (French-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 428.25 Td (language ) Tj ET Q q 0 0 0 rg BT 88.28 428.25 Td (Category ) Tj ET Q q 0 0 0 rg BT 127.63 428.25 Td (B ) Tj ET Q q 0 0 0 rg BT 136.99 428.25 Td (specialty ) Tj ET Q q 0 0 0 rg BT 175.22 428.25 Td (television ) Tj ET Q q 0 0 0 rg BT 216.79 428.25 Td (channel ) Tj ET Q q 0 0 0 rg BT 250.58 428.25 Td (known ) Tj ET Q q 0 0 0 rg BT 280.49 428.25 Td (as ) Tj ET Q q 0 0 0 rg BT 291.32 428.25 Td (Tlmagino ) Tj ET Q q 0 0 0 rg BT 341.77 428.25 Td (\(") Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 349.18 428.25 Td (Tlmagino) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.17 428.25 Td ("\), ) Tj ET Q q 0 0 0 rg BT 411.78 428.25 Td (and ) Tj ET Q q 0 0 0 rg BT 428.91 428.25 Td (the ) Tj ET Q q 0 0 0 rg BT 443.81 428.25 Td (English-language ) Tj ET Q q 0 0 0 rg BT 516.48 428.25 Td (Category ) Tj ET Q q 0 0 0 rg BT 555.83 428.25 Td (B ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 416.25 Td (specialty ) Tj ET Q q 0 0 0 rg BT 87.26 416.25 Td (television ) Tj ET Q q 0 0 0 rg BT 128.36 416.25 Td (channel ) Tj ET Q q 0 0 0 rg BT 161.67 416.25 Td (known ) Tj ET Q q 0 0 0 rg BT 191.10 416.25 Td (as ) Tj ET Q q 0 0 0 rg BT 201.65 416.25 Td (Family ) Tj ET Q q 0 0 0 rg BT 232.20 416.25 Td (CHRGD ) Tj ET Q q 0 0 0 rg BT 269.42 416.25 Td (\(") Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 276.83 416.25 Td (Family ) Tj ET Q q 0 0 0 rg BT 309.04 416.25 Td (CHRGD) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.26 416.25 Td ("\) ) Tj ET Q q 0 0 0 rg BT 355.89 416.25 Td (\(together) Tj ET Q q 0 0 0 rg BT 391.59 416.25 Td (, ) Tj ET Q q 0 0 0 rg BT 396.30 416.25 Td (the ) Tj ET Q q 0 0 0 rg BT 410.73 416.25 Td (") Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 414.82 416.25 Td (Family ) Tj ET Q q 0 0 0 rg BT 447.03 416.25 Td (Channel ) Tj ET Q q 0 0 0 rg BT 485.37 416.25 Td (Business) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.05 416.25 Td ("\). ) Tj ET Q q 0 0 0 rg BT 534.18 416.25 Td (DHX) Tj ET Q q 0 0 0 rg BT 558.62 416.25 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 404.25 Td (wholly ) Tj ET Q q 0 0 0 rg BT 80.62 404.25 Td (owned ) Tj ET Q q 0 0 0 rg BT 110.61 404.25 Td (European ) Tj ET Q q 0 0 0 rg BT 152.27 404.25 Td (licensing ) Tj ET Q q 0 0 0 rg BT 191.71 404.25 Td (brand ) Tj ET Q q 0 0 0 rg BT 217.81 404.25 Td (representation ) Tj ET Q q 0 0 0 rg BT 277.79 404.25 Td (agency ) Tj ET Q q 0 0 0 rg BT 309.44 404.25 Td (business, ) Tj ET Q q 0 0 0 rg BT 349.17 404.25 Td (Copyright ) Tj ET Q q 0 0 0 rg BT 393.07 404.25 Td (Promotions ) Tj ET Q q 0 0 0 rg BT 442.52 404.25 Td (Licensing ) Tj ET Q q 0 0 0 rg BT 485.29 404.25 Td (Group, ) Tj ET Q q 0 0 0 rg BT 516.68 404.25 Td (\() Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 524.45 404.25 Td (CPLG) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.23 404.25 Td (\), ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 392.25 Td (represents ) Tj ET Q q 0 0 0 rg BT 92.72 392.25 Td (numerous ) Tj ET Q q 0 0 0 rg BT 134.83 392.25 Td (entertainment, ) Tj ET Q q 0 0 0 rg BT 194.99 392.25 Td (sport, ) Tj ET Q q 0 0 0 rg BT 220.16 392.25 Td (and ) Tj ET Q q 0 0 0 rg BT 237.28 392.25 Td (design ) Tj ET Q q 0 0 0 rg BT 266.07 392.25 Td (brands. ) Tj ET Q q 0 0 0 rg BT 297.71 392.25 Td (The ) Tj ET Q q 0 0 0 rg BT 315.94 392.25 Td (Company) Tj ET Q q 0 0 0 rg BT 357.60 392.25 Td (s ) Tj ET Q q 0 0 0 rg BT 364.17 392.25 Td (prime-time ) Tj ET Q q 0 0 0 rg BT 411.28 392.25 Td (production ) Tj ET Q q 0 0 0 rg BT 457.28 392.25 Td (slate ) Tj ET Q q 0 0 0 rg BT 478.29 392.25 Td (also ) Tj ET Q q 0 0 0 rg BT 497.07 392.25 Td (includes ) Tj ET Q q 0 0 0 rg BT 533.08 392.25 Td (notable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 380.25 Td (achievements ) Tj ET Q q 0 0 0 rg BT 106.16 380.25 Td (in ) Tj ET Q q 0 0 0 rg BT 116.19 380.25 Td (the ) Tj ET Q q 0 0 0 rg BT 130.65 380.25 Td (comedy ) Tj ET Q q 0 0 0 rg BT 164.55 380.25 Td (genre, ) Tj ET Q q 0 0 0 rg BT 191.50 380.25 Td (including ) Tj ET Q q 0 0 0 rg BT 231.52 380.25 Td (the ) Tj ET Q q 0 0 0 rg BT 245.98 380.25 Td (award-winning ) Tj ET Q q 0 0 0 rg BT 308.76 380.25 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 348.77 380.25 Td (prime-time ) Tj ET Q q 0 0 0 rg BT 395.45 380.25 Td (comedy ) Tj ET Q q 0 0 0 rg BT 429.35 380.25 Td (series ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 454.36 380.25 Td (This ) Tj ET Q q 0 0 0 rg BT 473.84 380.25 Td (Hour ) Tj ET Q q 0 0 0 rg BT 497.20 380.25 Td (Has ) Tj ET Q q 0 0 0 rg BT 515.55 380.25 Td (22 ) Tj ET Q q 0 0 0 rg BT 527.80 380.25 Td (Minutes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.02 380.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 368.25 Td (which ) Tj ET Q q 0 0 0 rg BT 77.11 368.25 Td (is ) Tj ET Q q 0 0 0 rg BT 86.95 368.25 Td (produced ) Tj ET Q q 0 0 0 rg BT 127.32 368.25 Td (for ) Tj ET Q q 0 0 0 rg BT 142.15 368.25 Td (the ) Tj ET Q q 0 0 0 rg BT 157.54 368.25 Td (CBC ) Tj ET Q q 0 0 0 rg BT 180.72 368.25 Td (and ) Tj ET Q q 0 0 0 rg BT 198.32 368.25 Td (is ) Tj ET Q q 0 0 0 rg BT 208.16 368.25 Td (in ) Tj ET Q q 0 0 0 rg BT 219.11 368.25 Td (its ) Tj ET Q q 0 0 0 rg BT 231.73 368.25 Td (24) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 241.73 372.78 Td (th) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.78 368.25 Td ( ) Tj ET Q q 0 0 0 rg BT 249.95 368.25 Td (season. ) Tj ET Q q 0 0 0 rg BT 282.28 368.25 Td (DHX ) Tj ET Q q 0 0 0 rg BT 307.11 368.25 Td (has ) Tj ET Q q 0 0 0 rg BT 323.61 368.25 Td (a ) Tj ET Q q 0 0 0 rg BT 331.22 368.25 Td (global ) Tj ET Q q 0 0 0 rg BT 359.38 368.25 Td (footprint ) Tj ET Q q 0 0 0 rg BT 397.55 368.25 Td (and ) Tj ET Q q 0 0 0 rg BT 415.16 368.25 Td (has ) Tj ET Q q 0 0 0 rg BT 431.65 368.25 Td (of) Tj ET Q q 0 0 0 rg BT 439.80 368.25 Td (fices ) Tj ET Q q 0 0 0 rg BT 461.85 368.25 Td (in ) Tj ET Q q 0 0 0 rg BT 472.57 368.25 Td (T) Tj ET Q q 0 0 0 rg BT 477.98 368.25 Td (oronto, ) Tj ET Q q 0 0 0 rg BT 509.76 368.25 Td (Los ) Tj ET Q q 0 0 0 rg BT 527.23 368.25 Td (Angeles, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 356.25 Td (V) Tj ET Q q 0 0 0 rg BT 55.61 356.25 Td (ancouver) Tj ET Q q 0 0 0 rg BT 91.86 356.25 Td (, ) Tj ET Q q 0 0 0 rg BT 96.86 356.25 Td (Halifax, ) Tj ET Q q 0 0 0 rg BT 131.84 356.25 Td (London, ) Tj ET Q q 0 0 0 rg BT 167.95 356.25 Td (Paris, ) Tj ET Q q 0 0 0 rg BT 192.95 356.25 Td (Barcelona, ) Tj ET Q q 0 0 0 rg BT 238.48 356.25 Td (Milan, ) Tj ET Q q 0 0 0 rg BT 267.37 356.25 Td (Munich, ) Tj ET Q q 0 0 0 rg BT 303.48 356.25 Td (and ) Tj ET Q q 0 0 0 rg BT 319.87 356.25 Td (Amsterdam, ) Tj ET Q q 0 0 0 rg BT 371.52 356.25 Td (among ) Tj ET Q q 0 0 0 rg BT 401.24 356.25 Td (others. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 338.25 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 88.66 338.25 Td (Model ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 320.25 Td (The ) Tj ET Q q 0 0 0 rg BT 85.19 320.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 126.22 320.25 Td (earns ) Tj ET Q q 0 0 0 rg BT 149.46 320.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 187.13 320.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 226.49 320.25 Td (from ) Tj ET Q q 0 0 0 rg BT 248.07 320.25 Td (seven ) Tj ET Q q 0 0 0 rg BT 272.98 320.25 Td (categories: ) Tj ET Q q 0 0 0 rg BT 318.43 320.25 Td (1\) ) Tj ET Q q 0 0 0 rg BT 328.90 320.25 Td (proprietary ) Tj ET Q q 0 0 0 rg BT 375.46 320.25 Td (production, ) Tj ET Q q 0 0 0 rg BT 423.43 320.25 Td (which ) Tj ET Q q 0 0 0 rg BT 450.01 320.25 Td (includes ) Tj ET Q q 0 0 0 rg BT 485.48 320.25 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 525.38 320.25 Td (and ) Tj ET Q q 0 0 0 rg BT 541.96 320.25 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 308.25 Td (rights ) Tj ET Q q 0 0 0 rg BT 75.93 308.25 Td (proprietary ) Tj ET Q q 0 0 0 rg BT 124.01 308.25 Td (programs, ) Tj ET Q q 0 0 0 rg BT 167.93 308.25 Td (2\) ) Tj ET Q q 0 0 0 rg BT 179.92 308.25 Td (distribution ) Tj ET Q q 0 0 0 rg BT 229.68 308.25 Td (\(including ) Tj ET Q q 0 0 0 rg BT 274.44 308.25 Td (digital ) Tj ET Q q 0 0 0 rg BT 303.65 308.25 Td (distribution ) Tj ET Q q 0 0 0 rg BT 353.41 308.25 Td (and ) Tj ET Q q 0 0 0 rg BT 371.24 308.25 Td (W) Tj ET Q q 0 0 0 rg BT 380.28 308.25 Td (ildBrain, ) Tj ET Q q 0 0 0 rg BT 419.21 308.25 Td (the ) Tj ET Q q 0 0 0 rg BT 435.08 308.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 483.31 308.25 Td (multi-platform ) Tj ET Q q 0 0 0 rg BT 545.84 308.25 Td (kids ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 296.25 Td (network\) ) Tj ET Q q 0 0 0 rg BT 87.60 296.25 Td (of ) Tj ET Q q 0 0 0 rg BT 97.94 296.25 Td (its ) Tj ET Q q 0 0 0 rg BT 109.39 296.25 Td (proprietary ) Tj ET Q q 0 0 0 rg BT 155.81 296.25 Td (and ) Tj ET Q q 0 0 0 rg BT 172.26 296.25 Td (third ) Tj ET Q q 0 0 0 rg BT 193.15 296.25 Td (party ) Tj ET Q q 0 0 0 rg BT 215.70 296.25 Td (acquired ) Tj ET Q q 0 0 0 rg BT 252.12 296.25 Td (titles, ) Tj ET Q q 0 0 0 rg BT 276.07 296.25 Td (3\) ) Tj ET Q q 0 0 0 rg BT 286.40 296.25 Td (television ) Tj ET Q q 0 0 0 rg BT 327.29 296.25 Td (\(subscriber) Tj ET Q q 0 0 0 rg BT 371.32 296.25 Td (, ) Tj ET Q q 0 0 0 rg BT 375.82 296.25 Td (advertising, ) Tj ET Q q 0 0 0 rg BT 424.76 296.25 Td (and ) Tj ET Q q 0 0 0 rg BT 441.20 296.25 Td ( ) Tj ET Q q 0 0 0 rg BT 443.20 296.25 Td (digital ) Tj ET Q q 0 0 0 rg BT 470.76 296.25 Td (revenue\) ) Tj ET Q q 0 0 0 rg BT 507.74 296.25 Td (through ) Tj ET Q q 0 0 0 rg BT 540.85 296.25 Td (DHX ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 284.25 Td (T) Tj ET Q q 0 0 0 rg BT 54.91 284.25 Td (elevision's ) Tj ET Q q 0 0 0 rg BT 99.39 284.25 Td (ownership ) Tj ET Q q 0 0 0 rg BT 143.72 284.25 Td (of ) Tj ET Q q 0 0 0 rg BT 154.73 284.25 Td (the ) Tj ET Q q 0 0 0 rg BT 169.63 284.25 Td (Family ) Tj ET Q q 0 0 0 rg BT 200.64 284.25 Td (Channel ) Tj ET Q q 0 0 0 rg BT 236.64 284.25 Td (Business, ) Tj ET Q q 0 0 0 rg BT 277.38 284.25 Td (4\) ) Tj ET Q q 0 0 0 rg BT 288.39 284.25 Td (merchandising ) Tj ET Q q 0 0 0 rg BT 349.94 284.25 Td (and ) Tj ET Q q 0 0 0 rg BT 367.06 284.25 Td (licensing ) Tj ET Q q 0 0 0 rg BT 405.84 284.25 Td (\() Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 413.61 284.25 Td (M&L) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.05 284.25 Td (\) ) Tj ET Q q 0 0 0 rg BT 448.49 284.25 Td (for ) Tj ET Q q 0 0 0 rg BT 462.83 284.25 Td (owned ) Tj ET Q q 0 0 0 rg BT 492.17 284.25 Td (brands ) Tj ET Q q 0 0 0 rg BT 521.51 284.25 Td (and ) Tj ET Q q 0 0 0 rg BT 538.63 284.25 Td (music ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 272.25 Td (and ) Tj ET Q q 0 0 0 rg BT 65.55 272.25 Td (royalties ) Tj ET Q q 0 0 0 rg BT 101.60 272.25 Td (\(including, ) Tj ET Q q 0 0 0 rg BT 146.82 272.25 Td (among ) Tj ET Q q 0 0 0 rg BT 175.66 272.25 Td (others, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 204.21 272.25 Td (T) Tj ET Q q 0 0 0 rg BT 208.86 272.25 Td (eletubbies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.40 272.25 Td (, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 253.51 272.25 Td (Y) Tj ET Q q 0 0 0 rg BT 258.16 272.25 Td (o ) Tj ET Q q 0 0 0 rg BT 264.77 272.25 Td (Gabba ) Tj ET Q q 0 0 0 rg BT 293.61 272.25 Td (Gabba!, ) Tj ET Q q 0 0 0 rg BT 328.28 272.25 Td (Caillou, ) Tj ET Q q 0 0 0 rg BT 362.40 272.25 Td (Johnny ) Tj ET Q q 0 0 0 rg BT 392.89 272.25 Td (T) Tj ET Q q 0 0 0 rg BT 397.54 272.25 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.65 272.25 Td (, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 412.76 272.25 Td (In ) Tj ET Q q 0 0 0 rg BT 422.71 272.25 Td (the ) Tj ET Q q 0 0 0 rg BT 436.54 272.25 Td (Night ) Tj ET Q q 0 0 0 rg BT 460.38 272.25 Td (Gar) Tj ET Q q 0 0 0 rg BT 476.13 272.25 Td (den, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.68 272.25 Td (and) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 509.12 272.25 Td ( ) Tj ET Q q 0 0 0 rg BT 510.74 272.25 Td (T) Tj ET Q q 0 0 0 rg BT 515.55 272.25 Td (wirlywoos) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 556.67 272.25 Td (\), ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 260.25 Td (5\) ) Tj ET Q q 0 0 0 rg BT 60.94 260.25 Td (M&L) Tj ET Q q 0 0 0 rg BT 83.35 260.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.46 260.25 Td (represented ) Tj ET Q q 0 0 0 rg BT 135.66 260.25 Td (through ) Tj ET Q q 0 0 0 rg BT 169.88 260.25 Td (CPLG, ) Tj ET Q q 0 0 0 rg BT 201.06 260.25 Td (6\) ) Tj ET Q q 0 0 0 rg BT 212.50 260.25 Td (producer ) Tj ET Q q 0 0 0 rg BT 251.15 260.25 Td (and ) Tj ET Q q 0 0 0 rg BT 268.70 260.25 Td (service ) Tj ET Q q 0 0 0 rg BT 300.13 260.25 Td (fees, ) Tj ET Q q 0 0 0 rg BT 321.84 260.25 Td (which ) Tj ET Q q 0 0 0 rg BT 349.39 260.25 Td (includes ) Tj ET Q q 0 0 0 rg BT 385.83 260.25 Td (production ) Tj ET Q q 0 0 0 rg BT 432.27 260.25 Td (services ) Tj ET Q q 0 0 0 rg BT 467.59 260.25 Td (for ) Tj ET Q q 0 0 0 rg BT 482.36 260.25 Td (third ) Tj ET Q q 0 0 0 rg BT 504.36 260.25 Td (parties, ) Tj ET Q q 0 0 0 rg BT 536.63 260.25 Td (and ) Tj ET Q q 0 0 0 rg BT 554.18 260.25 Td (7\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 248.25 Td (other ) Tj ET Q q 0 0 0 rg BT 72.55 248.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 110.58 248.25 Td (which ) Tj ET Q q 0 0 0 rg BT 137.52 248.25 Td (also ) Tj ET Q q 0 0 0 rg BT 156.13 248.25 Td (includes ) Tj ET Q q 0 0 0 rg BT 191.96 248.25 Td (new ) Tj ET Q q 0 0 0 rg BT 211.12 248.25 Td (media ) Tj ET Q q 0 0 0 rg BT 238.05 248.25 Td (and ) Tj ET Q q 0 0 0 rg BT 254.99 248.25 Td (mobile. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 230.25 Td (The ) Tj ET Q q 0 0 0 rg BT 86.72 230.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 129.27 230.25 Td (is ) Tj ET Q q 0 0 0 rg BT 139.61 230.25 Td (able ) Tj ET Q q 0 0 0 rg BT 159.93 230.25 Td (to ) Tj ET Q q 0 0 0 rg BT 171.38 230.25 Td (generate ) Tj ET Q q 0 0 0 rg BT 208.91 230.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 244.22 230.25 Td (from ) Tj ET Q q 0 0 0 rg BT 267.33 230.25 Td (productions ) Tj ET Q q 0 0 0 rg BT 318.22 230.25 Td (by ) Tj ET Q q 0 0 0 rg BT 331.88 230.25 Td (licensing ) Tj ET Q q 0 0 0 rg BT 371.66 230.25 Td (its ) Tj ET Q q 0 0 0 rg BT 384.77 230.25 Td (initial ) Tj ET Q q 0 0 0 rg BT 411.77 230.25 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 453.76 230.25 Td (rights ) Tj ET Q q 0 0 0 rg BT 480.20 230.25 Td (and ) Tj ET Q q 0 0 0 rg BT 498.31 230.25 Td (pre-licensing ) Tj ET Q q 0 0 0 rg BT 554.18 230.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 218.25 Td (territories ) Tj ET Q q 0 0 0 rg BT 91.96 218.25 Td (for ) Tj ET Q q 0 0 0 rg BT 107.20 218.25 Td (its ) Tj ET Q q 0 0 0 rg BT 120.23 218.25 Td (programs. ) Tj ET Q q 0 0 0 rg BT 164.08 218.25 Td (Production ) Tj ET Q q 0 0 0 rg BT 211.56 218.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 250.68 218.25 Td (include ) Tj ET Q q 0 0 0 rg BT 283.69 218.25 Td (the ) Tj ET Q q 0 0 0 rg BT 299.50 218.25 Td (initial ) Tj ET Q q 0 0 0 rg BT 326.41 218.25 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 368.31 218.25 Td (license ) Tj ET Q q 0 0 0 rg BT 399.66 218.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 438.78 218.25 Td (and ) Tj ET Q q 0 0 0 rg BT 456.80 218.25 Td (any ) Tj ET Q q 0 0 0 rg BT 474.82 218.25 Td (pre-sales ) Tj ET Q q 0 0 0 rg BT 513.94 218.25 Td (or ) Tj ET Q q 0 0 0 rg BT 525.86 218.25 Td (advances ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 206.25 Td (included ) Tj ET Q q 0 0 0 rg BT 86.72 206.25 Td (in ) Tj ET Q q 0 0 0 rg BT 97.28 206.25 Td (the ) Tj ET Q q 0 0 0 rg BT 112.28 206.25 Td (initial ) Tj ET Q q 0 0 0 rg BT 138.39 206.25 Td (financing ) Tj ET Q q 0 0 0 rg BT 178.93 206.25 Td (of ) Tj ET Q q 0 0 0 rg BT 190.05 206.25 Td (the ) Tj ET Q q 0 0 0 rg BT 205.04 206.25 Td (production ) Tj ET Q q 0 0 0 rg BT 251.15 206.25 Td (budget ) Tj ET Q q 0 0 0 rg BT 281.15 206.25 Td (of ) Tj ET Q q 0 0 0 rg BT 292.26 206.25 Td (a ) Tj ET Q q 0 0 0 rg BT 299.48 206.25 Td (film ) Tj ET Q q 0 0 0 rg BT 318.93 206.25 Td (and ) Tj ET Q q 0 0 0 rg BT 336.15 206.25 Td (television ) Tj ET Q q 0 0 0 rg BT 377.82 206.25 Td (program. ) Tj ET Q q 0 0 0 rg BT 416.98 206.25 Td (Once ) Tj ET Q q 0 0 0 rg BT 440.86 206.25 Td (a ) Tj ET Q q 0 0 0 rg BT 448.08 206.25 Td (production ) Tj ET Q q 0 0 0 rg BT 494.18 206.25 Td (is ) Tj ET Q q 0 0 0 rg BT 503.64 206.25 Td (completed ) Tj ET Q q 0 0 0 rg BT 548.07 206.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 194.25 Td (delivered, ) Tj ET Q q 0 0 0 rg BT 90.99 194.25 Td (the ) Tj ET Q q 0 0 0 rg BT 104.99 194.25 Td (program ) Tj ET Q q 0 0 0 rg BT 140.65 194.25 Td (is ) Tj ET Q q 0 0 0 rg BT 149.11 194.25 Td (included ) Tj ET Q q 0 0 0 rg BT 185.33 194.25 Td (in ) Tj ET Q q 0 0 0 rg BT 194.89 194.25 Td (the ) Tj ET Q q 0 0 0 rg BT 208.90 194.25 Td (Company) Tj ET Q q 0 0 0 rg BT 250.56 194.25 Td (s ) Tj ET Q q 0 0 0 rg BT 256.24 194.25 Td (library ) Tj ET Q q 0 0 0 rg BT 284.68 194.25 Td (of ) Tj ET Q q 0 0 0 rg BT 294.80 194.25 Td (film ) Tj ET Q q 0 0 0 rg BT 313.25 194.25 Td (and ) Tj ET Q q 0 0 0 rg BT 329.47 194.25 Td (television ) Tj ET Q q 0 0 0 rg BT 370.14 194.25 Td (programming. ) Tj ET Q q 0 0 0 rg BT 428.86 194.25 Td (Further ) Tj ET Q q 0 0 0 rg BT 460.09 194.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 493.52 194.25 Td (from ) Tj ET Q q 0 0 0 rg BT 514.74 194.25 Td (exploitation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 182.25 Td (of ) Tj ET Q q 0 0 0 rg BT 59.89 182.25 Td (the ) Tj ET Q q 0 0 0 rg BT 74.17 182.25 Td (program ) Tj ET Q q 0 0 0 rg BT 110.11 182.25 Td (is ) Tj ET Q q 0 0 0 rg BT 118.84 182.25 Td (included ) Tj ET Q q 0 0 0 rg BT 155.33 182.25 Td (in ) Tj ET Q q 0 0 0 rg BT 165.17 182.25 Td (distribution ) Tj ET Q q 0 0 0 rg BT 213.34 182.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 247.05 182.25 Td (if ) Tj ET Q q 0 0 0 rg BT 255.22 182.25 Td (it ) Tj ET Q q 0 0 0 rg BT 262.83 182.25 Td (relates ) Tj ET Q q 0 0 0 rg BT 290.99 182.25 Td (to ) Tj ET Q q 0 0 0 rg BT 300.83 182.25 Td (television ) Tj ET Q q 0 0 0 rg BT 341.77 182.25 Td (licenses ) Tj ET Q q 0 0 0 rg BT 375.49 182.25 Td (and ) Tj ET Q q 0 0 0 rg BT 391.99 182.25 Td (in ) Tj ET Q q 0 0 0 rg BT 401.82 182.25 Td (M&L) Tj ET Q q 0 0 0 rg BT 424.23 182.25 Td ( ) Tj ET Q q 0 0 0 rg BT 426.29 182.25 Td (if ) Tj ET Q q 0 0 0 rg BT 434.46 182.25 Td (it ) Tj ET Q q 0 0 0 rg BT 442.08 182.25 Td (relates ) Tj ET Q q 0 0 0 rg BT 470.23 182.25 Td (to ) Tj ET Q q 0 0 0 rg BT 480.07 182.25 Td (royalties ) Tj ET Q q 0 0 0 rg BT 516.57 182.25 Td (or ) Tj ET Q q 0 0 0 rg BT 526.96 182.25 Td (revenues ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 170.25 Td (generated ) Tj ET Q q 0 0 0 rg BT 91.47 170.25 Td (from ) Tj ET Q q 0 0 0 rg BT 114.02 170.25 Td (non-television ) Tj ET Q q 0 0 0 rg BT 174.35 170.25 Td (licenses. ) Tj ET Q q 0 0 0 rg BT 211.39 170.25 Td (The ) Tj ET Q q 0 0 0 rg BT 230.05 170.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 272.05 170.25 Td (also ) Tj ET Q q 0 0 0 rg BT 291.27 170.25 Td (generates ) Tj ET Q q 0 0 0 rg BT 332.13 170.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 366.89 170.25 Td (from ) Tj ET Q q 0 0 0 rg BT 389.44 170.25 Td (programs ) Tj ET Q q 0 0 0 rg BT 430.32 170.25 Td (in ) Tj ET Q q 0 0 0 rg BT 441.21 170.25 Td (which ) Tj ET Q q 0 0 0 rg BT 468.76 170.25 Td (it ) Tj ET Q q 0 0 0 rg BT 477.43 170.25 Td (retains ) Tj ET Q q 0 0 0 rg BT 507.20 170.25 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 548.07 170.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 158.25 Td (other ) Tj ET Q q 0 0 0 rg BT 72.32 158.25 Td (limited ) Tj ET Q q 0 0 0 rg BT 102.93 158.25 Td (participation ) Tj ET Q q 0 0 0 rg BT 155.74 158.25 Td (rights ) Tj ET Q q 0 0 0 rg BT 180.79 158.25 Td (and, ) Tj ET Q q 0 0 0 rg BT 200.01 158.25 Td (in ) Tj ET Q q 0 0 0 rg BT 210.06 158.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 239.54 158.25 Td (instances, ) Tj ET Q q 0 0 0 rg BT 280.97 158.25 Td (from ) Tj ET Q q 0 0 0 rg BT 302.68 158.25 Td (production ) Tj ET Q q 0 0 0 rg BT 348.28 158.25 Td (services ) Tj ET Q q 0 0 0 rg BT 382.77 158.25 Td (for ) Tj ET Q q 0 0 0 rg BT 396.70 158.25 Td (productions ) Tj ET Q q 0 0 0 rg BT 446.19 158.25 Td (whose ) Tj ET Q q 0 0 0 rg BT 474.02 158.25 Td (copyright ) Tj ET Q q 0 0 0 rg BT 514.62 158.25 Td (is ) Tj ET Q q 0 0 0 rg BT 523.57 158.25 Td (owned ) Tj ET Q q 0 0 0 rg BT 552.50 158.25 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 146.25 Td (third ) Tj ET Q q 0 0 0 rg BT 70.89 146.25 Td (parties. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 128.25 Td (Production ) Tj ET Q q 0 0 0 rg BT 98.12 128.25 Td (Revenue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 110.25 Td (The ) Tj ET Q q 0 0 0 rg BT 84.91 110.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 125.66 110.25 Td (derives ) Tj ET Q q 0 0 0 rg BT 156.40 110.25 Td (proprietary ) Tj ET Q q 0 0 0 rg BT 202.68 110.25 Td (production ) Tj ET Q q 0 0 0 rg BT 247.87 110.25 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 287.77 110.25 Td (which ) Tj ET Q q 0 0 0 rg BT 314.07 110.25 Td (includes ) Tj ET Q q 0 0 0 rg BT 349.25 110.25 Td (other ) Tj ET Q q 0 0 0 rg BT 371.66 110.25 Td (proprietary ) Tj ET Q q 0 0 0 rg BT 417.95 110.25 Td (titles ) Tj ET Q q 0 0 0 rg BT 439.25 110.25 Td (with ) Tj ET Q q 0 0 0 rg BT 458.89 110.25 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 498.52 110.25 Td (and ) Tj ET Q q 0 0 0 rg BT 514.82 110.25 Td (other ) Tj ET Q q 0 0 0 rg BT 537.23 110.25 Td (rights, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 98.25 Td (from ) Tj ET Q q 0 0 0 rg BT 70.80 98.25 Td (the ) Tj ET Q q 0 0 0 rg BT 84.88 98.25 Td (grant ) Tj ET Q q 0 0 0 rg BT 107.29 98.25 Td (of ) Tj ET Q q 0 0 0 rg BT 117.49 98.25 Td (initial ) Tj ET Q q 0 0 0 rg BT 142.68 98.25 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 182.86 98.25 Td (rights ) Tj ET Q q 0 0 0 rg BT 207.51 98.25 Td (for ) Tj ET Q q 0 0 0 rg BT 221.03 98.25 Td (the ) Tj ET Q q 0 0 0 rg BT 235.11 98.25 Td (initial ) Tj ET Q q 0 0 0 rg BT 260.31 98.25 Td (showing ) Tj ET Q q 0 0 0 rg BT 296.06 98.25 Td (of ) Tj ET Q q 0 0 0 rg BT 306.26 98.25 Td (commissioned ) Tj ET Q q 0 0 0 rg BT 365.89 98.25 Td (productions ) Tj ET Q q 0 0 0 rg BT 414.97 98.25 Td (and ) Tj ET Q q 0 0 0 rg BT 431.28 98.25 Td (pre-licensing ) Tj ET Q q 0 0 0 rg BT 485.34 98.25 Td (of ) Tj ET Q q 0 0 0 rg BT 495.54 98.25 Td (territories. ) Tj ET Q q 0 0 0 rg BT 538.64 98.25 Td (These ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 86.25 Td (fees ) Tj ET Q q 0 0 0 rg BT 69.55 86.25 Td (are ) Tj ET Q q 0 0 0 rg BT 85.70 86.25 Td (typically ) Tj ET Q q 0 0 0 rg BT 124.64 86.25 Td (collected ) Tj ET Q q 0 0 0 rg BT 164.67 86.25 Td (partially ) Tj ET Q q 0 0 0 rg BT 201.94 86.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 225.89 86.25 Td (commissioning ) Tj ET Q q 0 0 0 rg BT 290.95 86.25 Td (of ) Tj ET Q q 0 0 0 rg BT 303.22 86.25 Td (a ) Tj ET Q q 0 0 0 rg BT 311.61 86.25 Td (production, ) Tj ET Q q 0 0 0 rg BT 361.38 86.25 Td (during ) Tj ET Q q 0 0 0 rg BT 391.44 86.25 Td (production, ) Tj ET Q q 0 0 0 rg BT 441.21 86.25 Td (and ) Tj ET Q q 0 0 0 rg BT 459.59 86.25 Td (finally ) Tj ET Q q 0 0 0 rg BT 489.64 86.25 Td (once ) Tj ET Q q 0 0 0 rg BT 512.47 86.25 Td (a ) Tj ET Q q 0 0 0 rg BT 520.85 86.25 Td (completed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 74.25 Td (production ) Tj ET Q q 0 0 0 rg BT 94.88 74.25 Td (is ) Tj ET Q q 0 0 0 rg BT 103.60 74.25 Td (delivered ) Tj ET Q q 0 0 0 rg BT 142.85 74.25 Td (for ) Tj ET Q q 0 0 0 rg BT 156.56 74.25 Td (broadcast, ) Tj ET Q q 0 0 0 rg BT 199.43 74.25 Td (and ) Tj ET Q q 0 0 0 rg BT 215.92 74.25 Td (at ) Tj ET Q q 0 0 0 rg BT 225.18 74.25 Td (some ) Tj ET Q q 0 0 0 rg BT 248.34 74.25 Td (point ) Tj ET Q q 0 0 0 rg BT 270.95 74.25 Td (in ) Tj ET Q q 0 0 0 rg BT 280.78 74.25 Td (time ) Tj ET Q q 0 0 0 rg BT 300.60 74.25 Td (after ) Tj ET Q q 0 0 0 rg BT 320.97 74.25 Td (delivery ) Tj ET Q q 0 0 0 rg BT 355.78 74.25 Td (as ) Tj ET Q q 0 0 0 rg BT 366.17 74.25 Td (a ) Tj ET Q q 0 0 0 rg BT 372.65 74.25 Td (holdback ) Tj ET Q q 0 0 0 rg BT 411.36 74.25 Td (\(see ) Tj ET Q q 0 0 0 rg BT 429.51 74.25 Td (note ) Tj ET Q q 0 0 0 rg BT 448.78 74.25 Td (3 ) Tj ET Q q 0 0 0 rg BT 455.83 74.25 Td (of ) Tj ET Q q 0 0 0 rg BT 466.21 74.25 Td (the ) Tj ET Q q 0 0 0 rg BT 480.48 74.25 Td (audited ) Tj ET Q q 0 0 0 rg BT 511.96 74.25 Td (consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 62.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 86.98 62.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 131.69 62.25 Td (for ) Tj ET Q q 0 0 0 rg BT 145.85 62.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.57 62.25 Td (years ) Tj ET Q q 0 0 0 rg BT 184.17 62.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 210.54 62.25 Td (June ) Tj ET Q q 0 0 0 rg BT 231.38 62.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 246.38 62.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 268.88 62.25 Td (and ) Tj ET Q q 0 0 0 rg BT 285.81 62.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.81 62.25 Td ( ) Tj ET Q q 0 0 0 rg BT 308.31 62.25 Td (for ) Tj ET Q q 0 0 0 rg BT 322.47 62.25 Td (details ) Tj ET Q q 0 0 0 rg BT 351.08 62.25 Td (on ) Tj ET Q q 0 0 0 rg BT 363.58 62.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 397.72 62.25 Td (recognition\).) Tj ET Q endstream endobj 11 0 obj <> endobj 12 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6 0.6 0.6 rg BT 303.50 33.60 Td (5) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 49.50 722.25 Td (Distribution ) Tj ET Q q 0 0 0 rg BT 102.02 722.25 Td (Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 704.25 Td (The ) Tj ET Q q 0 0 0 rg BT 84.95 704.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 125.74 704.25 Td (is ) Tj ET Q q 0 0 0 rg BT 134.31 704.25 Td (able ) Tj ET Q q 0 0 0 rg BT 152.86 704.25 Td (to ) Tj ET Q q 0 0 0 rg BT 162.54 704.25 Td (retain ) Tj ET Q q 0 0 0 rg BT 187.21 704.25 Td (or ) Tj ET Q q 0 0 0 rg BT 197.44 704.25 Td (obtain ) Tj ET Q q 0 0 0 rg BT 224.33 704.25 Td (the ) Tj ET Q q 0 0 0 rg BT 238.45 704.25 Td (ownership ) Tj ET Q q 0 0 0 rg BT 282.01 704.25 Td (rights ) Tj ET Q q 0 0 0 rg BT 306.69 704.25 Td (to ) Tj ET Q q 0 0 0 rg BT 316.37 704.25 Td (its ) Tj ET Q q 0 0 0 rg BT 327.72 704.25 Td (proprietary) Tj ET Q q 0 0 0 rg BT 371.49 704.25 Td (, ) Tj ET Q q 0 0 0 rg BT 375.89 704.25 Td (other ) Tj ET Q q 0 0 0 rg BT 398.34 704.25 Td (proprietary ) Tj ET Q q 0 0 0 rg BT 444.67 704.25 Td (titles, ) Tj ET Q q 0 0 0 rg BT 468.51 704.25 Td (and ) Tj ET Q q 0 0 0 rg BT 484.85 704.25 Td (third ) Tj ET Q q 0 0 0 rg BT 505.64 704.25 Td (party ) Tj ET Q q 0 0 0 rg BT 528.09 704.25 Td (acquired ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 692.25 Td (titles, ) Tj ET Q q 0 0 0 rg BT 74.18 692.25 Td (which ) Tj ET Q q 0 0 0 rg BT 101.35 692.25 Td (permits ) Tj ET Q q 0 0 0 rg BT 134.07 692.25 Td (the ) Tj ET Q q 0 0 0 rg BT 149.02 692.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 190.64 692.25 Td (to ) Tj ET Q q 0 0 0 rg BT 201.15 692.25 Td (generate ) Tj ET Q q 0 0 0 rg BT 237.74 692.25 Td (further ) Tj ET Q q 0 0 0 rg BT 267.68 692.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 305.95 692.25 Td (from ) Tj ET Q q 0 0 0 rg BT 328.12 692.25 Td (the ) Tj ET Q q 0 0 0 rg BT 343.07 692.25 Td (distribution ) Tj ET Q q 0 0 0 rg BT 391.92 692.25 Td (of ) Tj ET Q q 0 0 0 rg BT 402.98 692.25 Td (the ) Tj ET Q q 0 0 0 rg BT 417.93 692.25 Td (Company) Tj ET Q q 0 0 0 rg BT 459.59 692.25 Td (s ) Tj ET Q q 0 0 0 rg BT 466.22 692.25 Td (productions. ) Tj ET Q q 0 0 0 rg BT 518.67 692.25 Td (In ) Tj ET Q q 0 0 0 rg BT 529.73 692.25 Td (addition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 680.25 Td (to ) Tj ET Q q 0 0 0 rg BT 59.98 680.25 Td (generating ) Tj ET Q q 0 0 0 rg BT 104.87 680.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 143.11 680.25 Td (from ) Tj ET Q q 0 0 0 rg BT 165.24 680.25 Td (the ) Tj ET Q q 0 0 0 rg BT 180.16 680.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 198.40 680.25 Td (of ) Tj ET Q q 0 0 0 rg BT 209.43 680.25 Td (initial ) Tj ET Q q 0 0 0 rg BT 235.45 680.25 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 276.47 680.25 Td (rights, ) Tj ET Q q 0 0 0 rg BT 304.44 680.25 Td (the ) Tj ET Q q 0 0 0 rg BT 319.35 680.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 360.94 680.25 Td (is ) Tj ET Q q 0 0 0 rg BT 370.31 680.25 Td (able ) Tj ET Q q 0 0 0 rg BT 389.66 680.25 Td (to ) Tj ET Q q 0 0 0 rg BT 400.13 680.25 Td (concurrently ) Tj ET Q q 0 0 0 rg BT 453.36 680.25 Td (generate ) Tj ET Q q 0 0 0 rg BT 489.92 680.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 528.15 680.25 Td (from ) Tj ET Q q 0 0 0 rg BT 550.29 680.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 668.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 66.76 668.25 Td (of ) Tj ET Q q 0 0 0 rg BT 76.80 668.25 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 116.83 668.25 Td (rights ) Tj ET Q q 0 0 0 rg BT 141.32 668.25 Td (in ) Tj ET Q q 0 0 0 rg BT 150.81 668.25 Td (other ) Tj ET Q q 0 0 0 rg BT 173.07 668.25 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 224.23 668.25 Td (and ) Tj ET Q q 0 0 0 rg BT 240.38 668.25 Td (on ) Tj ET Q q 0 0 0 rg BT 252.09 668.25 Td (other ) Tj ET Q q 0 0 0 rg BT 274.35 668.25 Td (platforms ) Tj ET Q q 0 0 0 rg BT 314.39 668.25 Td (\(such ) Tj ET Q q 0 0 0 rg BT 337.76 668.25 Td (as ) Tj ET Q q 0 0 0 rg BT 347.81 668.25 Td (digital ) Tj ET Q q 0 0 0 rg BT 375.07 668.25 Td (platforms, ) Tj ET Q q 0 0 0 rg BT 417.61 668.25 Td (including, ) Tj ET Q q 0 0 0 rg BT 459.60 668.25 Td (amongst ) Tj ET Q q 0 0 0 rg BT 495.20 668.25 Td (others, ) Tj ET Q q 0 0 0 rg BT 523.59 668.25 Td (Y) Tj ET Q q 0 0 0 rg BT 529.81 668.25 Td (ouT) Tj ET Q q 0 0 0 rg BT 545.57 668.25 Td (ube, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 656.25 Td (Amazon, ) Tj ET Q q 0 0 0 rg BT 88.73 656.25 Td (and ) Tj ET Q q 0 0 0 rg BT 106.02 656.25 Td (home ) Tj ET Q q 0 0 0 rg BT 131.09 656.25 Td (entertainment\) ) Tj ET Q q 0 0 0 rg BT 192.24 656.25 Td (for ) Tj ET Q q 0 0 0 rg BT 206.76 656.25 Td (specified ) Tj ET Q q 0 0 0 rg BT 245.70 656.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 277.99 656.25 Td (of ) Tj ET Q q 0 0 0 rg BT 289.17 656.25 Td (time. ) Tj ET Q q 0 0 0 rg BT 312.30 656.25 Td (Revenues ) Tj ET Q q 0 0 0 rg BT 354.03 656.25 Td (from ) Tj ET Q q 0 0 0 rg BT 376.11 656.25 Td (W) Tj ET Q q 0 0 0 rg BT 385.15 656.25 Td (ildbrain, ) Tj ET Q q 0 0 0 rg BT 421.60 656.25 Td (the ) Tj ET Q q 0 0 0 rg BT 436.67 656.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 484.10 656.25 Td (multi-platform ) Tj ET Q q 0 0 0 rg BT 545.83 656.25 Td (kids ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 644.25 Td (network, ) Tj ET Q q 0 0 0 rg BT 87.27 644.25 Td (are ) Tj ET Q q 0 0 0 rg BT 101.98 644.25 Td (categorized ) Tj ET Q q 0 0 0 rg BT 150.55 644.25 Td (as ) Tj ET Q q 0 0 0 rg BT 161.38 644.25 Td (distribution ) Tj ET Q q 0 0 0 rg BT 210.00 644.25 Td (revenue.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 626.25 Td (T) Tj ET Q q 0 0 0 rg BT 54.69 626.25 Td (elevision ) Tj ET Q q 0 0 0 rg BT 93.29 626.25 Td (Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 608.25 Td (The ) Tj ET Q q 0 0 0 rg BT 84.95 608.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 125.74 608.25 Td (generates ) Tj ET Q q 0 0 0 rg BT 165.39 608.25 Td (television ) Tj ET Q q 0 0 0 rg BT 206.18 608.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 243.62 608.25 Td (through ) Tj ET Q q 0 0 0 rg BT 276.63 608.25 Td (DHX ) Tj ET Q q 0 0 0 rg BT 300.06 608.25 Td (T) Tj ET Q q 0 0 0 rg BT 305.47 608.25 Td (elevision's ) Tj ET Q q 0 0 0 rg BT 349.16 608.25 Td (ownership ) Tj ET Q q 0 0 0 rg BT 392.73 608.25 Td (of ) Tj ET Q q 0 0 0 rg BT 402.96 608.25 Td (Family ) Tj ET Q q 0 0 0 rg BT 433.20 608.25 Td (Channel, ) Tj ET Q q 0 0 0 rg BT 470.92 608.25 Td (Family ) Tj ET Q q 0 0 0 rg BT 501.16 608.25 Td (Jr) Tj ET Q q 0 0 0 rg BT 507.98 608.25 Td (, ) Tj ET Q q 0 0 0 rg BT 512.25 608.25 Td (Tlmagino, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 596.25 Td (and ) Tj ET Q q 0 0 0 rg BT 65.70 596.25 Td (Family ) Tj ET Q q 0 0 0 rg BT 95.79 596.25 Td (CHRGD. ) Tj ET Q q 0 0 0 rg BT 135.06 596.25 Td (Family ) Tj ET Q q 0 0 0 rg BT 165.15 596.25 Td (Channel ) Tj ET Q q 0 0 0 rg BT 200.24 596.25 Td (and ) Tj ET Q q 0 0 0 rg BT 216.44 596.25 Td (Family ) Tj ET Q q 0 0 0 rg BT 246.53 596.25 Td (Jr ) Tj ET Q q 0 0 0 rg BT 255.52 596.25 Td (are ) Tj ET Q q 0 0 0 rg BT 269.48 596.25 Td (licensed ) Tj ET Q q 0 0 0 rg BT 304.01 596.25 Td (as ) Tj ET Q q 0 0 0 rg BT 314.10 596.25 Td (a ) Tj ET Q q 0 0 0 rg BT 320.30 596.25 Td (pay ) Tj ET Q q 0 0 0 rg BT 336.49 596.25 Td (television ) Tj ET Q q 0 0 0 rg BT 377.14 596.25 Td (service ) Tj ET Q q 0 0 0 rg BT 407.21 596.25 Td (and ) Tj ET Q q 0 0 0 rg BT 423.41 596.25 Td (therefore ) Tj ET Q q 0 0 0 rg BT 461.26 596.25 Td (derive ) Tj ET Q q 0 0 0 rg BT 488.00 596.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 525.30 596.25 Td (primarily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 584.25 Td (through ) Tj ET Q q 0 0 0 rg BT 82.13 584.25 Td (subscription ) Tj ET Q q 0 0 0 rg BT 132.54 584.25 Td (fees ) Tj ET Q q 0 0 0 rg BT 150.15 584.25 Td (earned ) Tj ET Q q 0 0 0 rg BT 178.32 584.25 Td (by ) Tj ET Q q 0 0 0 rg BT 189.84 584.25 Td (char) Tj ET Q q 0 0 0 rg BT 206.87 584.25 Td (ging ) Tj ET Q q 0 0 0 rg BT 226.16 584.25 Td (a ) Tj ET Q q 0 0 0 rg BT 232.12 584.25 Td (monthly ) Tj ET Q q 0 0 0 rg BT 266.98 584.25 Td (subscriber ) Tj ET Q q 0 0 0 rg BT 309.60 584.25 Td (fee ) Tj ET Q q 0 0 0 rg BT 323.32 584.25 Td (to ) Tj ET Q q 0 0 0 rg BT 332.62 584.25 Td (various ) Tj ET Q q 0 0 0 rg BT 363.58 584.25 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 402.86 584.25 Td (cable ) Tj ET Q q 0 0 0 rg BT 425.48 584.25 Td (and ) Tj ET Q q 0 0 0 rg BT 441.44 584.25 Td (satellite ) Tj ET Q q 0 0 0 rg BT 474.05 584.25 Td (television ) Tj ET Q q 0 0 0 rg BT 514.46 584.25 Td (distributors. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 572.25 Td (Family ) Tj ET Q q 0 0 0 rg BT 80.37 572.25 Td (CHRGD ) Tj ET Q q 0 0 0 rg BT 117.91 572.25 Td (and ) Tj ET Q q 0 0 0 rg BT 134.70 572.25 Td (Tlmagino ) Tj ET Q q 0 0 0 rg BT 184.99 572.25 Td (have ) Tj ET Q q 0 0 0 rg BT 206.40 572.25 Td (specialty ) Tj ET Q q 0 0 0 rg BT 244.48 572.25 Td (television ) Tj ET Q q 0 0 0 rg BT 285.89 572.25 Td (licenses, ) Tj ET Q q 0 0 0 rg BT 322.58 572.25 Td (which ) Tj ET Q q 0 0 0 rg BT 349.56 572.25 Td (permit ) Tj ET Q q 0 0 0 rg BT 378.19 572.25 Td (them ) Tj ET Q q 0 0 0 rg BT 400.72 572.25 Td (to ) Tj ET Q q 0 0 0 rg BT 411.04 572.25 Td (generate ) Tj ET Q q 0 0 0 rg BT 447.43 572.25 Td (advertising ) Tj ET Q q 0 0 0 rg BT 494.40 572.25 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 534.97 572.25 Td (but ) Tj ET Q q 0 0 0 rg BT 550.28 572.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 560.25 Td (majority ) Tj ET Q q 0 0 0 rg BT 86.54 560.25 Td (of ) Tj ET Q q 0 0 0 rg BT 98.03 560.25 Td (the ) Tj ET Q q 0 0 0 rg BT 113.41 560.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 152.11 560.25 Td (are ) Tj ET Q q 0 0 0 rg BT 167.48 560.25 Td (subscriber ) Tj ET Q q 0 0 0 rg BT 211.74 560.25 Td (fees. ) Tj ET Q q 0 0 0 rg BT 233.49 560.25 Td (In ) Tj ET Q q 0 0 0 rg BT 244.99 560.25 Td (addition ) Tj ET Q q 0 0 0 rg BT 280.92 560.25 Td (to ) Tj ET Q q 0 0 0 rg BT 291.86 560.25 Td (linear ) Tj ET Q q 0 0 0 rg BT 317.78 560.25 Td (television, ) Tj ET Q q 0 0 0 rg BT 362.33 560.25 Td (all ) Tj ET Q q 0 0 0 rg BT 375.48 560.25 Td (four ) Tj ET Q q 0 0 0 rg BT 395.30 560.25 Td (channels ) Tj ET Q q 0 0 0 rg BT 433.45 560.25 Td (have ) Tj ET Q q 0 0 0 rg BT 455.49 560.25 Td (multiplatform ) Tj ET Q q 0 0 0 rg BT 514.19 560.25 Td (applications ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 548.25 Td (which ) Tj ET Q q 0 0 0 rg BT 76.74 548.25 Td (allow ) Tj ET Q q 0 0 0 rg BT 101.75 548.25 Td (for ) Tj ET Q q 0 0 0 rg BT 116.21 548.25 Td (their ) Tj ET Q q 0 0 0 rg BT 137.33 548.25 Td (content ) Tj ET Q q 0 0 0 rg BT 169.56 548.25 Td (to ) Tj ET Q q 0 0 0 rg BT 180.13 548.25 Td (be ) Tj ET Q q 0 0 0 rg BT 192.37 548.25 Td (distributed ) Tj ET Q q 0 0 0 rg BT 237.94 548.25 Td (both ) Tj ET Q q 0 0 0 rg BT 258.51 548.25 Td (on-demand ) Tj ET Q q 0 0 0 rg BT 306.30 548.25 Td (and ) Tj ET Q q 0 0 0 rg BT 323.53 548.25 Td (streamed ) Tj ET Q q 0 0 0 rg BT 362.42 548.25 Td (and ) Tj ET Q q 0 0 0 rg BT 379.66 548.25 Td (are ) Tj ET Q q 0 0 0 rg BT 394.66 548.25 Td (supported ) Tj ET Q q 0 0 0 rg BT 436.90 548.25 Td (by ) Tj ET Q q 0 0 0 rg BT 449.69 548.25 Td (popular ) Tj ET Q q 0 0 0 rg BT 483.04 548.25 Td (and ) Tj ET Q q 0 0 0 rg BT 500.27 548.25 Td (robust ) Tj ET Q q 0 0 0 rg BT 528.07 548.25 Td (websites ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 536.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.39 536.25 Td (apps ) Tj ET Q q 0 0 0 rg BT 87.18 536.25 Td (designed ) Tj ET Q q 0 0 0 rg BT 125.18 536.25 Td (to ) Tj ET Q q 0 0 0 rg BT 135.42 536.25 Td (engage ) Tj ET Q q 0 0 0 rg BT 166.19 536.25 Td (viewers ) Tj ET Q q 0 0 0 rg BT 199.74 536.25 Td (and ) Tj ET Q q 0 0 0 rg BT 216.64 536.25 Td (support ) Tj ET Q q 0 0 0 rg BT 249.09 536.25 Td (their ) Tj ET Q q 0 0 0 rg BT 269.88 536.25 Td (loyalty ) Tj ET Q q 0 0 0 rg BT 300.11 536.25 Td (to ) Tj ET Q q 0 0 0 rg BT 310.34 536.25 Td (the ) Tj ET Q q 0 0 0 rg BT 325.01 536.25 Td (brands. ) Tj ET Q q 0 0 0 rg BT 356.45 536.25 Td (T) Tj ET Q q 0 0 0 rg BT 362.21 536.25 Td (raf) Tj ET Q q 0 0 0 rg BT 373.13 536.25 Td (fic ) Tj ET Q q 0 0 0 rg BT 386.13 536.25 Td (to ) Tj ET Q q 0 0 0 rg BT 396.36 536.25 Td (the ) Tj ET Q q 0 0 0 rg BT 411.04 536.25 Td (sites ) Tj ET Q q 0 0 0 rg BT 431.27 536.25 Td (is ) Tj ET Q q 0 0 0 rg BT 440.40 536.25 Td (monetized ) Tj ET Q q 0 0 0 rg BT 484.50 536.25 Td (through ) Tj ET Q q 0 0 0 rg BT 518.07 536.25 Td (advertising ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 524.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 524.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 88.38 524.25 Td (sponsorships. ) Tj ET Q q 0 0 0 rg BT 145.05 524.25 Td (Subscriber ) Tj ET Q q 0 0 0 rg BT 190.32 524.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 228.36 524.25 Td (typically ) Tj ET Q q 0 0 0 rg BT 265.85 524.25 Td (account ) Tj ET Q q 0 0 0 rg BT 299.44 524.25 Td (for ) Tj ET Q q 0 0 0 rg BT 313.60 524.25 Td (85-90% ) Tj ET Q q 0 0 0 rg BT 347.76 524.25 Td (of ) Tj ET Q q 0 0 0 rg BT 358.59 524.25 Td (the ) Tj ET Q q 0 0 0 rg BT 373.31 524.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 411.35 524.25 Td (for ) Tj ET Q q 0 0 0 rg BT 425.51 524.25 Td (DHX ) Tj ET Q q 0 0 0 rg BT 449.49 524.25 Td (T) Tj ET Q q 0 0 0 rg BT 454.90 524.25 Td (elevision.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 506.25 Td (Producer ) Tj ET Q q 0 0 0 rg BT 90.33 506.25 Td (and ) Tj ET Q q 0 0 0 rg BT 108.39 506.25 Td (Service ) Tj ET Q q 0 0 0 rg BT 140.88 506.25 Td (Fee ) Tj ET Q q 0 0 0 rg BT 158.92 506.25 Td (Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 488.25 Td (Producer ) Tj ET Q q 0 0 0 rg BT 106.08 488.25 Td (and ) Tj ET Q q 0 0 0 rg BT 122.99 488.25 Td (service ) Tj ET Q q 0 0 0 rg BT 153.79 488.25 Td (fee ) Tj ET Q q 0 0 0 rg BT 168.47 488.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 202.60 488.25 Td (includes ) Tj ET Q q 0 0 0 rg BT 238.40 488.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 272.52 488.25 Td (accounted ) Tj ET Q q 0 0 0 rg BT 315.53 488.25 Td (for ) Tj ET Q q 0 0 0 rg BT 329.67 488.25 Td (using ) Tj ET Q q 0 0 0 rg BT 353.82 488.25 Td (the ) Tj ET Q q 0 0 0 rg BT 368.51 488.25 Td (percentage ) Tj ET Q q 0 0 0 rg BT 414.29 488.25 Td (of ) Tj ET Q q 0 0 0 rg BT 425.10 488.25 Td (completion ) Tj ET Q q 0 0 0 rg BT 472.57 488.25 Td (method ) Tj ET Q q 0 0 0 rg BT 505.04 488.25 Td (for ) Tj ET Q q 0 0 0 rg BT 519.18 488.25 Td (production ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 476.25 Td (service ) Tj ET Q q 0 0 0 rg BT 80.29 476.25 Td (and ) Tj ET Q q 0 0 0 rg BT 97.21 476.25 Td (corporate ) Tj ET Q q 0 0 0 rg BT 137.43 476.25 Td (overhead ) Tj ET Q q 0 0 0 rg BT 176.56 476.25 Td (fees ) Tj ET Q q 0 0 0 rg BT 195.13 476.25 Td (earned ) Tj ET Q q 0 0 0 rg BT 224.25 476.25 Td (for ) Tj ET Q q 0 0 0 rg BT 238.39 476.25 Td (producing ) Tj ET Q q 0 0 0 rg BT 281.41 476.25 Td (television ) Tj ET Q q 0 0 0 rg BT 322.77 476.25 Td (shows, ) Tj ET Q q 0 0 0 rg BT 352.75 476.25 Td (feature ) Tj ET Q q 0 0 0 rg BT 382.98 476.25 Td (films, ) Tj ET Q q 0 0 0 rg BT 408.51 476.25 Td (direct ) Tj ET Q q 0 0 0 rg BT 433.75 476.25 Td (to ) Tj ET Q q 0 0 0 rg BT 444.00 476.25 Td (digital ) Tj ET Q q 0 0 0 rg BT 472.03 476.25 Td (movies, ) Tj ET Q q 0 0 0 rg BT 505.89 476.25 Td (and ) Tj ET Q q 0 0 0 rg BT 522.81 476.25 Td (movies ) Tj ET Q q 0 0 0 rg BT 554.17 476.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 464.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 464.25 Td (week ) Tj ET Q q 0 0 0 rg BT 87.82 464.25 Td (for ) Tj ET Q q 0 0 0 rg BT 101.98 464.25 Td (third ) Tj ET Q q 0 0 0 rg BT 123.36 464.25 Td (parties.) 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Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 362.25 Td (M&L-Represented) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 344.25 Td (M&L-represented ) Tj ET Q q 0 0 0 rg BT 141.45 344.25 Td (includes ) Tj ET Q q 0 0 0 rg BT 176.54 344.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 213.84 344.25 Td (earned ) Tj ET Q q 0 0 0 rg BT 242.25 344.25 Td (from ) Tj ET Q q 0 0 0 rg BT 263.45 344.25 Td (CPLG. ) Tj ET Q q 0 0 0 rg BT 293.27 344.25 Td (CPLG ) Tj ET Q q 0 0 0 rg BT 320.59 344.25 Td (is ) Tj ET Q q 0 0 0 rg BT 329.03 344.25 Td (an ) Tj ET Q q 0 0 0 rg BT 340.23 344.25 Td (agency ) Tj ET Q q 0 0 0 rg BT 370.30 344.25 Td (business ) Tj ET Q q 0 0 0 rg BT 405.96 344.25 Td (based ) Tj ET Q q 0 0 0 rg BT 430.49 344.25 Td (in ) Tj ET Q q 0 0 0 rg BT 440.03 344.25 Td (Europe ) Tj ET Q q 0 0 0 rg BT 470.67 344.25 Td (that ) Tj ET Q q 0 0 0 rg BT 487.42 344.25 Td (earns ) Tj ET Q q 0 0 0 rg BT 510.28 344.25 Td (commissions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 332.25 Td (on ) Tj ET Q q 0 0 0 rg BT 62.00 332.25 Td (M&L) Tj ET Q q 0 0 0 rg BT 84.41 332.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.91 332.25 Td (from ) Tj ET Q q 0 0 0 rg BT 108.85 332.25 Td (representing ) Tj ET Q q 0 0 0 rg BT 160.77 332.25 Td (independently ) Tj ET Q q 0 0 0 rg BT 219.92 332.25 Td (owned ) Tj ET Q q 0 0 0 rg BT 249.08 332.25 Td (brands ) Tj ET Q q 0 0 0 rg BT 278.24 332.25 Td (from ) Tj ET Q q 0 0 0 rg BT 300.18 332.25 Td (film ) Tj ET Q q 0 0 0 rg BT 319.34 332.25 Td (studios ) Tj ET Q q 0 0 0 rg BT 350.18 332.25 Td (and ) Tj ET Q q 0 0 0 rg BT 367.12 332.25 Td (other ) Tj ET Q q 0 0 0 rg BT 390.17 332.25 Td (third ) Tj ET Q q 0 0 0 rg BT 411.56 332.25 Td (parties.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 314.25 Td (Other ) Tj ET Q q 0 0 0 rg BT 75.89 314.25 Td (Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 296.25 Td (Other ) Tj ET Q q 0 0 0 rg BT 94.64 296.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 130.65 296.25 Td (includes ) Tj ET Q q 0 0 0 rg BT 168.34 296.25 Td (new ) Tj ET Q q 0 0 0 rg BT 189.37 296.25 Td (media ) Tj ET Q q 0 0 0 rg BT 218.17 296.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 258.08 296.25 Td (earned ) Tj ET Q q 0 0 0 rg BT 289.09 296.25 Td (on ) Tj ET Q q 0 0 0 rg BT 303.46 296.25 Td (new ) Tj ET Q q 0 0 0 rg BT 324.49 296.25 Td (media ) Tj ET Q q 0 0 0 rg BT 353.29 296.25 Td (and ) Tj ET Q q 0 0 0 rg BT 372.10 296.25 Td (interactive ) Tj ET Q q 0 0 0 rg BT 418.66 296.25 Td (games ) Tj ET Q q 0 0 0 rg BT 448.58 296.25 Td (and ) Tj ET Q q 0 0 0 rg BT 467.38 296.25 Td (apps, ) Tj ET Q q 0 0 0 rg BT 492.58 296.25 Td (including ) Tj ET Q q 0 0 0 rg BT 534.72 296.25 Td (mobile ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 284.25 Td (smartphones ) Tj ET Q q 0 0 0 rg BT 102.55 284.25 Td (and ) Tj ET Q q 0 0 0 rg BT 119.49 284.25 Td (tablets, ) Tj ET Q q 0 0 0 rg BT 150.59 284.25 Td (and ) Tj ET Q q 0 0 0 rg BT 167.53 284.25 Td (other ) Tj ET Q q 0 0 0 rg BT 190.57 284.25 Td (revenue.) 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627.75 m 495.25 627.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.25 627.75 m 499.25 627.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.25 627.75 m 557.25 627.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562.25 640.75 m 562.25 627.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.25 627.75 m 49.25 614.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562.25 627.75 m 562.25 614.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.25 614.75 m 49.25 601.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562.25 614.75 m 562.25 601.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.25 601.75 m 49.25 588.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562.25 601.75 m 562.25 588.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.25 588.75 m 49.25 575.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562.25 588.75 m 562.25 575.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.25 575.75 m 49.25 562.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.25 562.75 m 433.25 562.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.25 562.75 m 437.25 562.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.25 562.75 m 495.25 562.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.25 562.75 m 499.25 562.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.25 562.75 m 557.25 562.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562.25 575.75 m 562.25 562.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.25 562.75 m 49.25 549.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562.25 562.75 m 562.25 549.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.25 549.75 m 49.25 536.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562.25 549.75 m 562.25 536.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.25 536.75 m 49.25 523.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562.25 536.75 m 562.25 523.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.25 523.75 m 49.25 510.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562.25 523.75 m 562.25 510.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.25 510.75 m 49.25 497.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.25 497.75 m 433.25 497.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.25 497.75 m 437.25 497.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.25 497.75 m 495.25 497.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.25 497.75 m 499.25 497.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.25 497.75 m 557.25 497.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562.25 510.75 m 562.25 497.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.25 497.75 m 49.25 484.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.25 484.75 m 433.25 484.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.25 484.75 m 437.25 484.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.25 484.75 m 495.25 484.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.25 484.75 m 499.25 484.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.25 484.75 m 557.25 484.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562.25 497.75 m 562.25 484.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.25 484.75 m 49.25 480.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562.25 484.75 m 562.25 480.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.25 480.75 m 49.25 467.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.25 467.75 m 433.25 467.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.25 467.75 m 437.25 467.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.25 467.75 m 495.25 467.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.25 467.75 m 499.25 467.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.25 467.75 m 557.25 467.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562.25 480.75 m 562.25 467.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.25 467.75 m 49.25 454.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.25 454.75 m 433.25 454.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.25 454.75 m 437.25 454.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.25 454.75 m 495.25 454.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.25 454.75 m 499.25 454.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.25 454.75 m 557.25 454.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562.25 467.75 m 562.25 454.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.25 454.75 m 49.25 441.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.25 441.75 m 433.25 441.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.25 441.75 m 437.25 441.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.25 441.75 m 495.25 441.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.25 441.75 m 499.25 441.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.25 441.75 m 557.25 441.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562.25 454.75 m 562.25 441.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.25 441.75 m 49.25 428.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.25 428.75 m 433.25 428.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.25 428.75 m 437.25 428.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.25 428.75 m 495.25 428.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.25 428.75 m 499.25 428.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.25 428.75 m 557.25 428.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562.25 441.75 m 562.25 428.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.25 428.75 m 49.25 415.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562.25 428.75 m 562.25 415.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.25 415.75 m 49.25 402.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562.25 415.75 m 562.25 402.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.25 402.75 m 49.25 389.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562.25 402.75 m 562.25 389.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.25 389.75 m 49.25 385.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.25 385.75 m 433.25 385.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.25 385.75 m 437.25 385.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.25 385.75 m 495.25 385.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.25 385.75 m 499.25 385.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.25 385.75 m 557.25 385.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562.25 389.75 m 562.25 385.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.25 385.75 m 49.25 372.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.25 385.75 m 433.25 385.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.25 372.75 m 433.25 372.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.25 372.75 m 437.25 372.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.25 372.75 m 495.25 372.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.25 372.75 m 499.25 372.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.25 385.75 m 557.25 385.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.25 372.75 m 557.25 372.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562.25 385.75 m 562.25 372.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.25 372.75 m 49.25 359.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.25 359.75 m 433.25 359.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.25 359.75 m 437.25 359.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.25 359.75 m 495.25 359.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.25 359.75 m 499.25 359.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.25 359.75 m 557.25 359.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562.25 372.75 m 562.25 359.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.25 359.75 m 49.25 346.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.25 346.75 m 433.25 346.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.25 346.75 m 437.25 346.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.25 346.75 m 495.25 346.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.25 346.75 m 499.25 346.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.25 346.75 m 557.25 346.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562.25 359.75 m 562.25 346.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.25 346.75 m 49.25 342.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562.25 346.75 m 562.25 342.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.25 342.75 m 49.25 329.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562.25 342.75 m 562.25 329.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.25 329.75 m 49.25 316.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562.25 329.75 m 562.25 316.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.25 316.75 m 49.25 303.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562.25 316.75 m 562.25 303.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.25 303.75 m 49.25 290.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562.25 303.75 m 562.25 290.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.25 290.75 m 49.25 277.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562.25 290.75 m 562.25 277.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.25 277.75 m 49.25 264.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562.25 277.75 m 562.25 264.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.25 264.75 m 49.25 260.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.25 260.75 m 369.25 260.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.25 260.75 m 433.25 260.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.25 260.75 m 437.25 260.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.25 260.75 m 495.25 260.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.25 260.75 m 499.25 260.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.25 260.75 m 557.25 260.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562.25 264.75 m 562.25 260.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 557.25 260.75 m 562.25 260.75 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 389.50 645.15 Td (Fiscal) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 454.50 645.15 Td (Fiscal) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 516.50 645.15 Td (Fiscal) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 391.75 632.15 Td (2016) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 456.75 632.15 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 518.75 632.15 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.75 619.01 Td (\($000, except per share data\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.75 606.01 Td (Consolidated Statements of Income and Comprehensive Income \(Loss\) Data:) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 330.18 610.09 Td (1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.75 593.01 Td (Revenues) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 400.15 593.01 Td (304,817) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 462.15 593.01 Td (264,039) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 524.15 593.01 Td (116,131) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.75 580.01 Td (Direct production costs and expense of film and television produced) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 297.43 584.09 Td (2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 397.15 580.01 Td (\(126,985) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 429.40 580.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 459.15 580.01 Td (\(116,129) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 491.40 580.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 525.65 580.01 Td (\(44,380) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 553.40 580.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.75 567.01 Td (Expense of book value of acquired libraries) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 406.15 567.01 Td (\(4,510) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 429.40 567.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 468.15 567.01 Td (\(2,870) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 491.40 567.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.15 567.01 Td (\(2,317) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 553.40 567.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.75 554.01 Td (Gross mar) Tj ET Q q 0 0 0 rg BT 88.83 554.01 Td (gin) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 100.33 558.09 Td (3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 400.15 554.01 Td (173,322) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 462.15 554.01 Td (145,040) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 528.65 554.01 Td (69,434) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.75 541.01 Td (Selling, general, and administrative) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 401.65 541.01 Td (\(75,614) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 429.40 541.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 463.65 541.01 Td (\(59,085) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 491.40 541.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 525.65 541.01 Td (\(34,283) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 553.40 541.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.75 528.01 Td (Write-down of certain investment in film and television programs) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 406.15 528.01 Td (\(1,750) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 429.40 528.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 468.15 528.01 Td (\(1,814) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 491.40 528.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.90 528.01 Td (\(984) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 553.40 528.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.75 515.01 Td (Amortization, finance and other expenses, net) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 216.94 519.09 Td (2, 4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 401.65 515.01 Td (\(63,169) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 429.40 515.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 463.65 515.01 Td (\(58,871) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 491.40 515.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 525.65 515.01 Td (\(22,231) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 553.40 515.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.75 502.01 Td (Recovery of \(provision for\) income taxes) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 406.15 502.01 Td (\(5,121) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 429.40 502.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 468.15 502.01 Td (\(5,737) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 491.40 502.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.15 502.01 Td (\(4,125) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 553.40 502.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.75 489.01 Td (Net income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 404.65 489.01 Td (27,668) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 466.65 489.01 Td (19,533) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.15 489.01 Td (7,811) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.75 472.01 Td (Cumulative translation adjustment) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 401.65 472.01 Td (\(11,931) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 429.40 472.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 468.15 472.01 Td (\(7,152) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 491.40 472.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.15 472.01 Td (1,597) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.75 459.01 Td (Comprehensive income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 404.65 459.01 Td (15,737) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 466.65 459.01 Td (12,381) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.15 459.01 Td (9,408) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.75 446.01 Td (Basic earnings per common share) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 413.65 446.01 Td (0.22) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 475.65 446.01 Td (0.16) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 537.65 446.01 Td (0.07) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.75 433.01 Td (Diluted earnings per common share) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 413.65 433.01 Td (0.22) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 475.65 433.01 Td (0.16) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 537.65 433.01 Td (0.07) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.75 420.01 Td (Weighted average common shares outstanding \(expressed in thousands\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.75 407.01 Td ( Basic) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 400.15 407.01 Td (126,146) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 462.15 407.01 Td (121,732) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 524.15 407.01 Td (111,638) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.75 394.01 Td ( Diluted) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 400.15 394.01 Td (127,682) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 462.15 394.01 Td (124,737) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 524.15 394.01 Td (115,074) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.75 377.01 Td (Adjusted net income) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 126.23 381.09 Td (3, 5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 404.65 377.01 Td (32,788) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 466.65 377.01 Td (38,404) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 528.65 377.01 Td (11,318) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.75 364.01 Td (Basic adjusted net income per common share) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 214.70 368.09 Td (5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 413.65 364.01 Td (0.26) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 475.65 364.01 Td (0.32) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 537.65 364.01 Td (0.10) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.75 351.01 Td (Diluted adjusted net income per common share) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 221.70 355.09 Td (5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 413.65 351.01 Td (0.26) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 475.65 351.01 Td (0.31) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 537.65 351.01 Td (0.10) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.75 334.01 Td (Consolidated Balance Sheet Data:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.75 321.01 Td (Cash and cash equivalents and restricted cash) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 404.65 321.01 Td (80,446) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 466.65 321.01 Td (42,907) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 528.65 321.01 Td (26,711) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.75 308.01 Td (Investment in film and television programs) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 400.15 308.01 Td (239,752) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 462.15 308.01 Td (194,226) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 524.15 308.01 Td (146,631) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.75 295.01 Td (Total assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 400.15 295.01 Td (901,183) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 462.15 295.01 Td (808,238) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 524.15 295.01 Td (424,230) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.75 282.01 Td (Total liabilities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 400.15 282.01 Td (564,348) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 462.15 282.01 Td (546,284) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 524.15 282.01 Td (200,881) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.75 269.01 Td (Shareholders' equity) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 400.15 269.01 Td (336,835) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 462.15 269.01 Td (261,954) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 524.15 269.01 Td (223,349) Tj ET Q BT /F1 10.00 Tf ET BT /F1 7.00 Tf ET BT /F1 4.55 Tf ET q 0 0 0 rg BT 50.00 250.02 Td (1) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.27 246.85 Td (The ) Tj ET Q q 0 0 0 rg BT 64.71 246.85 Td (financial ) Tj ET Q q 0 0 0 rg BT 90.75 246.85 Td (information ) Tj ET Q q 0 0 0 rg BT 125.36 246.85 Td (for ) Tj ET Q q 0 0 0 rg BT 135.08 246.85 Td (the ) Tj ET Q q 0 0 0 rg BT 145.18 246.85 Td (year ) Tj ET Q q 0 0 0 rg BT 158.78 246.85 Td (ended ) Tj ET Q q 0 0 0 rg BT 177.05 246.85 Td (June ) Tj ET Q q 0 0 0 rg BT 191.44 246.85 Td (30, ) Tj ET Q q 0 0 0 rg BT 201.74 246.85 Td (2016 ) Tj ET Q q 0 0 0 rg BT 217.30 246.85 Td (includes ) Tj ET Q q 0 0 0 rg BT 242.18 246.85 Td (the ) Tj ET Q q 0 0 0 rg BT 252.29 246.85 Td (full ) Tj ET Q q 0 0 0 rg BT 263.56 246.85 Td (results ) Tj ET Q q 0 0 0 rg BT 283.39 246.85 Td (for ) Tj ET Q q 0 0 0 rg BT 293.11 246.85 Td (all ) Tj ET Q q 0 0 0 rg BT 301.66 246.85 Td (of ) Tj ET Q q 0 0 0 rg BT 309.05 246.85 Td (the ) Tj ET Q q 0 0 0 rg BT 319.16 246.85 Td (Company's ) Tj ET Q q 0 0 0 rg BT 351.92 246.85 Td (operations. ) Tj ET Q q 0 0 0 rg BT 384.27 246.85 Td (The ) Tj ET Q q 0 0 0 rg BT 396.71 246.85 Td (financial ) Tj ET Q q 0 0 0 rg BT 422.75 246.85 Td (information ) Tj ET Q q 0 0 0 rg BT 457.35 246.85 Td (for ) Tj ET Q q 0 0 0 rg BT 467.07 246.85 Td (year ) Tj ET Q q 0 0 0 rg BT 480.67 246.85 Td (ended ) Tj ET Q q 0 0 0 rg BT 498.94 246.85 Td (June ) Tj ET Q q 0 0 0 rg BT 513.33 246.85 Td (30, ) Tj ET Q q 0 0 0 rg BT 523.63 246.85 Td (2015 ) Tj ET Q q 0 0 0 rg BT 539.19 246.85 Td (includes ) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 50.00 238.45 Td (the ) Tj ET Q q 0 0 0 rg BT 60.27 238.45 Td (full ) Tj ET Q q 0 0 0 rg BT 71.71 238.45 Td (results ) Tj ET Q q 0 0 0 rg BT 91.71 238.45 Td (for ) Tj ET Q q 0 0 0 rg BT 101.59 238.45 Td (all ) Tj ET Q q 0 0 0 rg BT 110.31 238.45 Td (of ) Tj ET Q q 0 0 0 rg BT 117.86 238.45 Td (the ) Tj ET Q q 0 0 0 rg BT 128.13 238.45 Td (Company's ) Tj ET Q q 0 0 0 rg BT 161.06 238.45 Td (operations ) Tj ET Q q 0 0 0 rg BT 191.94 238.45 Td (except: ) Tj ET Q q 0 0 0 rg BT 213.87 238.45 Td (1\) ) Tj ET Q q 0 0 0 rg BT 221.42 238.45 Td (DHX ) Tj ET Q q 0 0 0 rg BT 238.18 238.45 Td (T) Tj ET Q q 0 0 0 rg BT 241.97 238.45 Td (elevision, ) Tj ET Q q 0 0 0 rg BT 270.71 238.45 Td (which ) Tj ET Q q 0 0 0 rg BT 289.54 238.45 Td (had ) Tj ET Q q 0 0 0 rg BT 301.36 238.45 Td (only ) Tj ET Q q 0 0 0 rg BT 315.53 238.45 Td (334 ) Tj ET Q q 0 0 0 rg BT 327.75 238.45 Td (days ) Tj ET Q q 0 0 0 rg BT 342.30 238.45 Td (of ) Tj ET Q q 0 0 0 rg BT 349.85 238.45 Td (activity; ) Tj ET Q q 0 0 0 rg BT 374.51 238.45 Td (ii\) ) Tj ET Q q 0 0 0 rg BT 382.45 238.45 Td (the ) Tj ET Q q 0 0 0 rg BT 392.72 238.45 Td (Echo ) Tj ET Q q 0 0 0 rg BT 408.83 238.45 Td (Bridge ) Tj ET Q q 0 0 0 rg BT 429.60 238.45 Td (assets, ) Tj ET Q q 0 0 0 rg BT 449.40 238.45 Td (which ) Tj ET Q q 0 0 0 rg BT 468.23 238.45 Td (were ) Tj ET Q q 0 0 0 rg BT 483.55 238.45 Td (owned ) Tj ET Q q 0 0 0 rg BT 503.93 238.45 Td (for ) Tj ET Q q 0 0 0 rg BT 513.81 238.45 Td (230 ) Tj ET Q q 0 0 0 rg BT 526.03 238.45 Td (days; ) Tj ET Q q 0 0 0 rg BT 542.53 238.45 Td (and ) Tj ET Q q 0 0 0 rg BT 554.35 238.45 Td (iii\) ) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 50.00 230.05 Td (Nerd ) Tj ET Q q 0 0 0 rg BT 65.66 230.05 Td (Corps, ) Tj ET Q q 0 0 0 rg BT 85.80 230.05 Td (which ) Tj ET Q q 0 0 0 rg BT 104.57 230.05 Td (had ) Tj ET Q q 0 0 0 rg BT 116.34 230.05 Td (only ) Tj ET Q q 0 0 0 rg BT 130.45 230.05 Td (190 ) Tj ET Q q 0 0 0 rg BT 142.61 230.05 Td (days ) Tj ET Q q 0 0 0 rg BT 157.11 230.05 Td (of ) Tj ET Q q 0 0 0 rg BT 164.60 230.05 Td (activity) Tj ET Q q 0 0 0 rg BT 185.14 230.05 Td (. ) Tj ET Q q 0 0 0 rg BT 188.44 230.05 Td (The ) Tj ET Q q 0 0 0 rg BT 200.98 230.05 Td (financial ) Tj ET Q q 0 0 0 rg BT 227.14 230.05 Td (information ) Tj ET Q q 0 0 0 rg BT 261.85 230.05 Td (for ) Tj ET Q q 0 0 0 rg BT 271.68 230.05 Td (the ) Tj ET Q q 0 0 0 rg BT 281.89 230.05 Td (year ) Tj ET Q q 0 0 0 rg BT 295.60 230.05 Td (ended ) Tj ET Q q 0 0 0 rg BT 313.98 230.05 Td (June ) Tj ET Q q 0 0 0 rg BT 328.48 230.05 Td (30, ) Tj ET Q q 0 0 0 rg BT 338.89 230.05 Td (2014 ) Tj ET Q q 0 0 0 rg BT 354.55 230.05 Td (includes ) Tj ET Q q 0 0 0 rg BT 379.55 230.05 Td (the ) Tj ET Q q 0 0 0 rg BT 389.76 230.05 Td (full ) Tj ET Q q 0 0 0 rg BT 401.15 230.05 Td (results ) Tj ET Q q 0 0 0 rg BT 421.09 230.05 Td (of ) Tj ET Q q 0 0 0 rg BT 428.58 230.05 Td (all ) Tj ET Q q 0 0 0 rg BT 437.25 230.05 Td (of ) Tj ET Q q 0 0 0 rg BT 444.74 230.05 Td (the ) Tj ET Q q 0 0 0 rg BT 454.96 230.05 Td (Company's ) Tj ET Q q 0 0 0 rg BT 487.83 230.05 Td (operations ) Tj ET Q q 0 0 0 rg BT 518.65 230.05 Td (except ) Tj ET Q q 0 0 0 rg BT 538.58 230.05 Td (Ragdoll, ) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 50.00 221.65 Td (which ) Tj ET Q q 0 0 0 rg BT 68.78 221.65 Td (had ) Tj ET Q q 0 0 0 rg BT 80.57 221.65 Td (291 ) Tj ET Q q 0 0 0 rg BT 92.75 221.65 Td (days ) Tj ET Q q 0 0 0 rg BT 107.25 221.65 Td (of ) Tj ET Q q 0 0 0 rg BT 114.76 221.65 Td (activity) Tj ET Q q 0 0 0 rg BT 135.30 221.65 Td (, ) Tj ET Q q 0 0 0 rg BT 138.73 221.65 Td (and ) Tj ET Q q 0 0 0 rg BT 150.51 221.65 Td (Epitome, ) Tj ET Q q 0 0 0 rg BT 177.66 221.65 Td (which ) Tj ET Q q 0 0 0 rg BT 196.44 221.65 Td (had ) Tj ET Q q 0 0 0 rg BT 208.23 221.65 Td (89 ) Tj ET Q q 0 0 0 rg BT 216.90 221.65 Td (days ) Tj ET Q q 0 0 0 rg BT 231.41 221.65 Td (of ) Tj ET Q q 0 0 0 rg BT 238.92 221.65 Td (activity) Tj ET Q q 0 0 0 rg BT 259.46 221.65 Td (, ) Tj ET Q q 0 0 0 rg BT 262.88 221.65 Td (and ) Tj ET Q q 0 0 0 rg BT 274.67 221.65 Td (excludes ) Tj ET Q q 0 0 0 rg BT 300.84 221.65 Td (DHX ) Tj ET Q q 0 0 0 rg BT 317.56 221.65 Td (T) Tj ET Q q 0 0 0 rg BT 321.34 221.65 Td (elevision, ) Tj ET Q q 0 0 0 rg BT 350.04 221.65 Td (the ) Tj ET Q q 0 0 0 rg BT 360.27 221.65 Td (Echo ) Tj ET Q q 0 0 0 rg BT 376.33 221.65 Td (Bridge ) Tj ET Q q 0 0 0 rg BT 397.06 221.65 Td (assets, ) Tj ET Q q 0 0 0 rg BT 416.82 221.65 Td (and ) Tj ET Q q 0 0 0 rg BT 428.60 221.65 Td (Nerd ) Tj ET Q q 0 0 0 rg BT 444.28 221.65 Td (Corps, ) Tj ET Q q 0 0 0 rg BT 464.43 221.65 Td (which ) Tj ET Q q 0 0 0 rg BT 483.21 221.65 Td (were ) Tj ET Q q 0 0 0 rg BT 498.49 221.65 Td (acquired ) Tj ET Q q 0 0 0 rg BT 524.26 221.65 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 557.05 221.65 Td (to ) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 50.00 213.25 Td (June ) Tj ET Q q 0 0 0 rg BT 64.58 213.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 75.08 213.25 Td (2014.) Tj ET Q BT /F1 7.00 Tf ET BT /F1 4.55 Tf ET q 0 0 0 rg BT 50.00 202.02 Td (2) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.27 198.85 Td (Direct ) Tj ET Q q 0 0 0 rg BT 71.64 198.85 Td (production ) Tj ET Q q 0 0 0 rg BT 103.85 198.85 Td (costs ) Tj ET Q q 0 0 0 rg BT 119.73 198.85 Td (and ) Tj ET Q q 0 0 0 rg BT 131.72 198.85 Td (expense ) Tj ET Q q 0 0 0 rg BT 156.14 198.85 Td (of ) Tj ET Q q 0 0 0 rg BT 163.85 198.85 Td (film ) Tj ET Q q 0 0 0 rg BT 177.40 198.85 Td (and ) Tj ET Q q 0 0 0 rg BT 189.39 198.85 Td (television ) Tj ET Q q 0 0 0 rg BT 218.48 198.85 Td (produced ) Tj ET Q q 0 0 0 rg BT 246.41 198.85 Td (in ) Tj ET Q q 0 0 0 rg BT 253.73 198.85 Td (the ) Tj ET Q q 0 0 0 rg BT 264.17 198.85 Td (table ) Tj ET Q q 0 0 0 rg BT 279.65 198.85 Td (above ) Tj ET Q q 0 0 0 rg BT 298.24 198.85 Td (excludes ) Tj ET Q q 0 0 0 rg BT 324.61 198.85 Td (the ) Tj ET Q q 0 0 0 rg BT 335.04 198.85 Td (expense ) Tj ET Q q 0 0 0 rg BT 359.47 198.85 Td (of ) Tj ET Q q 0 0 0 rg BT 367.18 198.85 Td (acquired ) Tj ET Q q 0 0 0 rg BT 393.16 198.85 Td (libraries ) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 417.97 198.85 Td ($12,881) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 440.72 198.85 Td ( ) Tj ET Q q 0 0 0 rg BT 442.60 198.85 Td (\() Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 444.93 198.85 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 463.53 198.85 Td (2015) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 477.53 198.85 Td (-) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 479.86 198.85 Td ($1) Tj ET Q q 0 0 0 rg BT 486.60 198.85 Td (1,129) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 502.35 198.85 Td (, ) Tj ET Q q 0 0 0 rg BT 505.98 198.85 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 524.58 198.85 Td (2014-$8,834\) ) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 50.00 190.45 Td (for ) Tj ET Q q 0 0 0 rg BT 59.91 190.45 Td (the ) Tj ET Q q 0 0 0 rg BT 70.21 190.45 Td (amortization ) Tj ET Q q 0 0 0 rg BT 107.34 190.45 Td (recorded ) Tj ET Q q 0 0 0 rg BT 133.57 190.45 Td (on ) Tj ET Q q 0 0 0 rg BT 142.32 190.45 Td (the ) Tj ET Q q 0 0 0 rg BT 152.62 190.45 Td (purchase ) Tj ET Q q 0 0 0 rg BT 179.25 190.45 Td (price ) Tj ET Q q 0 0 0 rg BT 194.99 190.45 Td (allocation ) Tj ET Q q 0 0 0 rg BT 224.34 190.45 Td (bump ) Tj ET Q q 0 0 0 rg BT 242.04 190.45 Td (to ) Tj ET Q q 0 0 0 rg BT 249.23 190.45 Td (investment ) Tj ET Q q 0 0 0 rg BT 281.70 190.45 Td (in ) Tj ET Q q 0 0 0 rg BT 288.89 190.45 Td (film, ) Tj ET Q q 0 0 0 rg BT 304.06 190.45 Td (which ) Tj ET Q q 0 0 0 rg BT 322.91 190.45 Td (is ) Tj ET Q q 0 0 0 rg BT 329.33 190.45 Td (included ) Tj ET Q q 0 0 0 rg BT 355.19 190.45 Td (in ) Tj ET Q q 0 0 0 rg BT 362.00 190.45 Td (Amortization, ) Tj ET Q q 0 0 0 rg BT 402.82 190.45 Td (finance ) Tj ET Q q 0 0 0 rg BT 425.17 190.45 Td (and ) Tj ET Q q 0 0 0 rg BT 437.02 190.45 Td (other ) Tj ET Q q 0 0 0 rg BT 453.16 190.45 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 481.93 190.45 Td (net.) Tj ET Q BT /F1 7.00 Tf ET BT /F1 4.55 Tf ET q 0 0 0 rg BT 50.00 179.22 Td (3) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.27 176.05 Td (See ) Tj ET Q q 0 0 0 rg BT 64.13 176.05 Td (Use ) Tj ET Q q 0 0 0 rg BT 79.88 176.05 Td (of ) Tj ET Q q 0 0 0 rg BT 87.46 176.05 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 120.64 176.05 Td ( ) Tj ET Q q 0 0 0 rg BT 122.39 176.05 Td (Financial ) Tj ET Q q 0 0 0 rg BT 150.19 176.05 Td (Measures ) Tj ET Q q 0 0 0 rg BT 181.87 176.05 Td (section ) Tj ET Q q 0 0 0 rg BT 203.45 176.05 Td (of ) Tj ET Q q 0 0 0 rg BT 211.03 176.05 Td (this ) Tj ET Q q 0 0 0 rg BT 222.89 176.05 Td (MD&A) Tj ET Q q 0 0 0 rg BT 244.29 176.05 Td ( ) Tj ET Q q 0 0 0 rg BT 246.04 176.05 Td (for ) Tj ET Q q 0 0 0 rg BT 255.95 176.05 Td (further ) Tj ET Q q 0 0 0 rg BT 276.74 176.05 Td (details.) Tj ET Q BT /F1 7.00 Tf ET BT /F1 4.55 Tf ET q 0 0 0 rg BT 50.00 164.82 Td (4) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.27 161.65 Td (Other ) Tj ET Q q 0 0 0 rg BT 69.96 161.65 Td (costs ) Tj ET Q q 0 0 0 rg BT 85.71 161.65 Td (for ) Tj ET Q q 0 0 0 rg BT 95.63 161.65 Td (the ) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 105.93 161.65 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 124.40 161.65 Td (2016) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 138.40 161.65 Td ( ) Tj ET Q q 0 0 0 rg BT 140.15 161.65 Td (include ) Tj ET Q q 0 0 0 rg BT 162.50 161.65 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 194.97 161.65 Td (costs ) Tj ET Q q 0 0 0 rg BT 210.72 161.65 Td (of ) Tj ET Q q 0 0 0 rg BT 218.30 161.65 Td ($nil ) Tj ET Q q 0 0 0 rg BT 230.94 161.65 Td (\() Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 233.27 161.65 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 251.74 161.65 Td (2015) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 265.74 161.65 Td (-) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 268.07 161.65 Td ($5,145) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 287.32 161.65 Td ( ) Tj ET Q q 0 0 0 rg BT 289.07 161.65 Td (and ) Tj ET Q q 0 0 0 rg BT 300.93 161.65 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 319.40 161.65 Td (2014-$3,258\).) Tj ET Q BT /F1 7.00 Tf ET BT /F1 4.55 Tf ET q 0 0 0 rg BT 50.00 150.42 Td (5) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.27 147.25 Td (See ) Tj ET Q q 0 0 0 rg BT 63.83 147.25 Td ("Reconciliation ) Tj ET Q q 0 0 0 rg BT 108.96 147.25 Td (of ) Tj ET Q q 0 0 0 rg BT 116.25 147.25 Td (Historical ) Tj ET Q q 0 0 0 rg BT 145.30 147.25 Td (Results ) Tj ET Q q 0 0 0 rg BT 167.37 147.25 Td (to ) Tj ET Q q 0 0 0 rg BT 173.94 147.25 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 200.67 147.25 Td (Net ) Tj ET Q q 0 0 0 rg BT 212.23 147.25 Td (Income" ) Tj ET Q q 0 0 0 rg BT 237.53 147.25 Td (section ) Tj ET Q q 0 0 0 rg BT 258.81 147.25 Td (of ) Tj ET Q q 0 0 0 rg BT 266.09 147.25 Td (this ) Tj ET Q q 0 0 0 rg BT 277.66 147.25 Td (MD&A) Tj ET Q q 0 0 0 rg BT 299.05 147.25 Td ( ) Tj ET Q q 0 0 0 rg BT 300.50 147.25 Td (for ) Tj ET Q q 0 0 0 rg BT 310.11 147.25 Td (the ) Tj ET Q q 0 0 0 rg BT 320.12 147.25 Td (details ) Tj ET Q q 0 0 0 rg BT 339.84 147.25 Td (of ) Tj ET Q q 0 0 0 rg BT 346.80 147.25 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 373.53 147.25 Td (Net ) Tj ET Q q 0 0 0 rg BT 385.09 147.25 Td (Income. ) Tj ET Q q 0 0 0 rg BT 409.28 147.25 Td (Basic ) Tj ET Q q 0 0 0 rg BT 426.28 147.25 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 451.06 147.25 Td (earnings ) Tj ET Q q 0 0 0 rg BT 476.23 147.25 Td (per ) Tj ET Q q 0 0 0 rg BT 486.62 147.25 Td (common ) Tj ET Q q 0 0 0 rg BT 512.57 147.25 Td (share ) Tj ET Q q 0 0 0 rg BT 528.79 147.25 Td (is ) Tj ET Q q 0 0 0 rg BT 534.91 147.25 Td (computed ) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 50.00 138.85 Td (by ) Tj ET Q q 0 0 0 rg BT 58.83 138.85 Td (dividing ) Tj ET Q q 0 0 0 rg BT 84.00 138.85 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 109.16 138.85 Td (net ) Tj ET Q q 0 0 0 rg BT 119.54 138.85 Td (income ) Tj ET Q q 0 0 0 rg BT 141.98 138.85 Td (for ) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 151.97 138.85 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 170.52 138.85 Td (2016) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 184.52 138.85 Td ( ) Tj ET Q q 0 0 0 rg BT 186.36 138.85 Td (of ) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 194.02 138.85 Td ($32,788) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 216.77 138.85 Td ( ) Tj ET Q q 0 0 0 rg BT 218.60 138.85 Td (\() Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 220.93 138.85 Td (June ) Tj ET Q q 0 0 0 rg BT 235.60 138.85 Td (30, ) Tj ET Q q 0 0 0 rg BT 246.18 138.85 Td (2015) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 260.18 138.85 Td (-) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 262.51 138.85 Td ($38,404) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 285.26 138.85 Td (, ) Tj ET Q q 0 0 0 rg BT 288.84 138.85 Td (June ) Tj ET Q q 0 0 0 rg BT 303.50 138.85 Td (30, ) Tj ET Q q 0 0 0 rg BT 314.09 138.85 Td (2014-) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 330.42 138.85 Td ($1) Tj ET Q q 0 0 0 rg BT 337.16 138.85 Td (1,318) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 352.91 138.85 Td (\) ) Tj ET Q q 0 0 0 rg BT 357.07 138.85 Td (by ) Tj ET Q q 0 0 0 rg BT 365.90 138.85 Td (basic ) Tj ET Q q 0 0 0 rg BT 382.12 138.85 Td (weighted ) Tj ET Q q 0 0 0 rg BT 409.61 138.85 Td (average ) Tj ET Q q 0 0 0 rg BT 433.20 138.85 Td (common ) Tj ET Q q 0 0 0 rg BT 459.53 138.85 Td (shares ) Tj ET Q q 0 0 0 rg BT 478.85 138.85 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 513.35 138.85 Td (of ) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 521.01 138.85 Td (126,146) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 543.76 138.85 Td (, ) Tj ET Q q 0 0 0 rg BT 547.35 138.85 Td (\() Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 549.68 138.85 Td (June ) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 50.00 130.45 Td (30, ) Tj ET Q q 0 0 0 rg BT 60.16 130.45 Td (2015) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 74.16 130.45 Td (-) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 76.49 130.45 Td (121,732) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 99.24 130.45 Td (, ) Tj ET Q q 0 0 0 rg BT 102.39 130.45 Td (June ) Tj ET Q q 0 0 0 rg BT 116.63 130.45 Td (30, ) Tj ET Q q 0 0 0 rg BT 126.79 130.45 Td (2014-) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 143.12 130.45 Td (1) Tj ET Q q 0 0 0 rg BT 146.36 130.45 Td (1) Tj ET Q q 0 0 0 rg BT 149.60 130.45 Td (1,638) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 165.35 130.45 Td (\). ) Tj ET Q q 0 0 0 rg BT 170.84 130.45 Td (Diluted ) Tj ET Q q 0 0 0 rg BT 193.24 130.45 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 217.98 130.45 Td (earnings ) Tj ET Q q 0 0 0 rg BT 243.10 130.45 Td (per ) Tj ET Q q 0 0 0 rg BT 253.44 130.45 Td (common ) Tj ET Q q 0 0 0 rg BT 279.34 130.45 Td (share ) Tj ET Q q 0 0 0 rg BT 295.52 130.45 Td (is ) Tj ET Q q 0 0 0 rg BT 301.60 130.45 Td (computed ) Tj ET Q q 0 0 0 rg BT 330.61 130.45 Td (by ) Tj ET Q q 0 0 0 rg BT 339.01 130.45 Td (dividing ) Tj ET Q q 0 0 0 rg BT 363.75 130.45 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 388.49 130.45 Td (net ) Tj ET Q q 0 0 0 rg BT 398.45 130.45 Td (income ) Tj ET Q q 0 0 0 rg BT 420.46 130.45 Td (for ) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 430.03 130.45 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 448.15 130.45 Td (2016) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 462.15 130.45 Td ( ) Tj ET Q q 0 0 0 rg BT 463.56 130.45 Td (of ) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 470.80 130.45 Td ($32,788) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 493.55 130.45 Td ( ) Tj ET Q q 0 0 0 rg BT 494.96 130.45 Td (\() Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 497.29 130.45 Td (June ) Tj ET Q q 0 0 0 rg BT 511.52 130.45 Td (30, ) Tj ET Q q 0 0 0 rg BT 521.68 130.45 Td (2015) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 535.68 130.45 Td (-) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 538.01 130.45 Td ($38,404) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 560.76 130.45 Td (, ) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 50.00 122.05 Td (June ) Tj ET Q q 0 0 0 rg BT 64.58 122.05 Td (30, ) Tj ET Q q 0 0 0 rg BT 75.08 122.05 Td (2014-) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 91.41 122.05 Td ($1) Tj ET Q q 0 0 0 rg BT 98.15 122.05 Td (1,318) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 113.90 122.05 Td (\) ) Tj ET Q q 0 0 0 rg BT 117.98 122.05 Td (by ) Tj ET Q q 0 0 0 rg BT 126.73 122.05 Td (diluted ) Tj ET Q q 0 0 0 rg BT 147.92 122.05 Td (weighted ) Tj ET Q q 0 0 0 rg BT 175.33 122.05 Td (average ) Tj ET Q q 0 0 0 rg BT 198.84 122.05 Td (common ) Tj ET Q q 0 0 0 rg BT 225.09 122.05 Td (shares ) Tj ET Q q 0 0 0 rg BT 244.33 122.05 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 278.75 122.05 Td (of ) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 286.33 122.05 Td (127,682) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 309.08 122.05 Td ( ) Tj ET Q q 0 0 0 rg BT 310.83 122.05 Td (\() Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 313.16 122.05 Td (June ) Tj ET Q q 0 0 0 rg BT 327.74 122.05 Td (30, ) Tj ET Q q 0 0 0 rg BT 338.24 122.05 Td (2015) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 352.24 122.05 Td (-) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 354.57 122.05 Td (124,737) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 377.32 122.05 Td (, ) Tj ET Q q 0 0 0 rg BT 380.82 122.05 Td (June ) Tj ET Q q 0 0 0 rg BT 395.40 122.05 Td (30, ) Tj ET Q q 0 0 0 rg BT 405.90 122.05 Td (2015-) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 422.23 122.05 Td (1) Tj ET Q q 0 0 0 rg BT 425.47 122.05 Td (15,074) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 444.72 122.05 Td (\). ) Tj ET Q endstream endobj 15 0 obj <> endobj 16 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6 0.6 0.6 rg BT 303.50 31.60 Td (7) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 49.50 742.95 Td (Results ) Tj ET Q q 0 0 0 rg BT 79.75 742.95 Td (for) Tj ET Q q 0 0 0 rg BT 91.08 742.95 Td ( ) Tj ET Q q 0 0 0 rg BT 93.33 742.95 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 107.58 742.95 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 132.32 742.95 Td (2016) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 150.32 742.95 Td ( ) Tj ET Q q 0 0 0 rg BT 152.57 742.95 Td (\() Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 160.07 742.95 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 184.82 742.95 Td (2016) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 202.82 742.95 Td (\) ) Tj ET Q q 0 0 0 rg BT 212.56 742.95 Td (compar) Tj ET Q q 0 0 0 rg BT 241.89 742.95 Td (ed ) Tj ET Q q 0 0 0 rg BT 253.14 742.95 Td (to ) Tj ET Q q 0 0 0 rg BT 262.89 742.95 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 277.14 742.95 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 301.88 742.95 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 319.88 742.95 Td ( ) Tj ET Q q 0 0 0 rg BT 322.13 742.95 Td (\() Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 329.63 742.95 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 354.38 742.95 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 372.38 742.95 Td (\)) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 49.50 726.15 Td (Revenues) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 84.99 726.15 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 708.15 Td (Revenues ) Tj ET Q q 0 0 0 rg BT 108.82 708.15 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.92 708.15 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 149.25 708.15 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.25 708.15 Td ( ) Tj ET Q q 0 0 0 rg BT 171.69 708.15 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.56 708.15 Td ($304.82 ) Tj ET Q q 0 0 0 rg BT 228.50 708.15 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.39 708.15 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.33 708.15 Td (up) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.33 708.15 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.78 708.15 Td (15%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.11 708.15 Td ( ) Tj ET Q q 0 0 0 rg BT 295.55 708.15 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.43 708.15 Td ($264.03 ) Tj ET Q q 0 0 0 rg BT 352.37 708.15 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.26 708.15 Td ( ) Tj ET Q q 0 0 0 rg BT 383.70 708.15 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.80 708.15 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 424.13 708.15 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.13 708.15 Td (. ) Tj ET Q q 0 0 0 rg BT 448.90 708.15 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.88 708.15 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.64 708.15 Td ( ) Tj ET Q q 0 0 0 rg BT 502.08 708.15 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.18 708.15 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 542.51 708.15 Td (2016) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 696.15 Td (was ) Tj ET Q q 0 0 0 rg BT 68.43 696.15 Td (due ) Tj ET Q q 0 0 0 rg BT 86.25 696.15 Td (to ) Tj ET Q q 0 0 0 rg BT 97.41 696.15 Td (higher ) Tj ET Q q 0 0 0 rg BT 126.33 696.15 Td (distribution ) Tj ET Q q 0 0 0 rg BT 175.82 696.15 Td (revenues ) Tj ET Q q 0 0 0 rg BT 214.74 696.15 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.07 696.15 Td (98%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.40 696.15 Td ( ) Tj ET Q q 0 0 0 rg BT 239.78 696.15 Td (or) Tj ET Q q 0 0 0 rg BT 247.93 696.15 Td (ganic, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.46 696.15 Td (2%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.79 696.15 Td ( ) Tj ET Q q 0 0 0 rg BT 292.17 696.15 Td (acquisitive\), ) Tj ET Q q 0 0 0 rg BT 344.70 696.15 Td (accounting ) Tj ET Q q 0 0 0 rg BT 391.95 696.15 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.99 696.15 Td (22%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.32 696.15 Td ( ) Tj ET Q q 0 0 0 rg BT 428.70 696.15 Td (of ) Tj ET Q q 0 0 0 rg BT 440.41 696.15 Td (the ) Tj ET Q q 0 0 0 rg BT 456.00 696.15 Td (increase, ) Tj ET Q q 0 0 0 rg BT 494.64 696.15 Td (strong ) Tj ET Q q 0 0 0 rg BT 523.02 696.15 Td (growth ) Tj ET Q q 0 0 0 rg BT 554.72 696.15 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 684.15 Td (proprietary ) Tj ET Q q 0 0 0 rg BT 97.45 684.15 Td (production ) Tj ET Q q 0 0 0 rg BT 144.30 684.15 Td (revenues ) Tj ET Q q 0 0 0 rg BT 183.36 684.15 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.69 684.15 Td (97%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.02 684.15 Td ( ) Tj ET Q q 0 0 0 rg BT 208.54 684.15 Td (or) Tj ET Q q 0 0 0 rg BT 216.69 684.15 Td (ganic, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.37 684.15 Td (3%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.70 684.15 Td ( ) Tj ET Q q 0 0 0 rg BT 261.23 684.15 Td (acquisitive\), ) Tj ET Q q 0 0 0 rg BT 313.90 684.15 Td (accounting ) Tj ET Q q 0 0 0 rg BT 361.30 684.15 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.48 684.15 Td (13%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.81 684.15 Td ( ) Tj ET Q q 0 0 0 rg BT 398.34 684.15 Td (of ) Tj ET Q q 0 0 0 rg BT 410.19 684.15 Td (the ) Tj ET Q q 0 0 0 rg BT 425.93 684.15 Td (increase, ) Tj ET Q q 0 0 0 rg BT 464.71 684.15 Td (strong ) Tj ET Q q 0 0 0 rg BT 493.24 684.15 Td (growth ) Tj ET Q q 0 0 0 rg BT 525.09 684.15 Td (in ) Tj ET Q q 0 0 0 rg BT 536.39 684.15 Td (M&L-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 672.15 Td (represented ) Tj ET Q q 0 0 0 rg BT 97.78 672.15 Td (revenues ) Tj ET Q q 0 0 0 rg BT 135.52 672.15 Td (\(all ) Tj ET Q q 0 0 0 rg BT 151.04 672.15 Td (or) Tj ET Q q 0 0 0 rg BT 159.19 672.15 Td (ganic\), ) Tj ET Q q 0 0 0 rg BT 188.87 672.15 Td (accounting ) Tj ET Q q 0 0 0 rg BT 234.94 672.15 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.80 672.15 Td (35%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.13 672.15 Td ( ) Tj ET Q q 0 0 0 rg BT 269.32 672.15 Td (of ) Tj ET Q q 0 0 0 rg BT 279.85 672.15 Td (the ) Tj ET Q q 0 0 0 rg BT 294.27 672.15 Td (increase, ) Tj ET Q q 0 0 0 rg BT 331.72 672.15 Td (a ) Tj ET Q q 0 0 0 rg BT 338.35 672.15 Td (significant ) Tj ET Q q 0 0 0 rg BT 382.76 672.15 Td (increase ) Tj ET Q q 0 0 0 rg BT 417.71 672.15 Td (in ) Tj ET Q q 0 0 0 rg BT 427.69 672.15 Td (producer ) Tj ET Q q 0 0 0 rg BT 465.42 672.15 Td (and ) Tj ET Q q 0 0 0 rg BT 482.06 672.15 Td (service ) Tj ET Q q 0 0 0 rg BT 512.57 672.15 Td (fee ) Tj ET Q q 0 0 0 rg BT 526.98 672.15 Td (revenues ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 660.15 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.83 660.15 Td (90%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.16 660.15 Td ( ) Tj ET Q q 0 0 0 rg BT 73.49 660.15 Td (or) Tj ET Q q 0 0 0 rg BT 81.64 660.15 Td (ganic, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.12 660.15 Td (10%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.45 660.15 Td ( ) Tj ET Q q 0 0 0 rg BT 128.77 660.15 Td (acquisitive\), ) Tj ET Q q 0 0 0 rg BT 180.25 660.15 Td (accounting ) Tj ET Q q 0 0 0 rg BT 226.45 660.15 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.44 660.15 Td (40%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.77 660.15 Td ( ) Tj ET Q q 0 0 0 rg BT 261.09 660.15 Td (of ) Tj ET Q q 0 0 0 rg BT 271.75 660.15 Td (the ) Tj ET Q q 0 0 0 rg BT 286.29 660.15 Td (increase, ) Tj ET Q q 0 0 0 rg BT 323.88 660.15 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.64 660.15 Td (an ) Tj ET Q q 0 0 0 rg BT 352.41 660.15 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.16 660.15 Td ( ) Tj ET Q q 0 0 0 rg BT 387.49 660.15 Td (in ) Tj ET Q q 0 0 0 rg BT 397.59 660.15 Td (M&L-owned ) Tj ET Q q 0 0 0 rg BT 452.69 660.15 Td (revenues ) Tj ET Q q 0 0 0 rg BT 490.55 660.15 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.88 660.15 Td (95%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.21 660.15 Td ( ) Tj ET Q q 0 0 0 rg BT 514.54 660.15 Td (or) Tj ET Q q 0 0 0 rg BT 522.69 660.15 Td (ganic, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.17 660.15 Td (5%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 648.15 Td (acquisitive\), ) Tj ET Q q 0 0 0 rg BT 101.06 648.15 Td (accounting ) Tj ET Q q 0 0 0 rg BT 147.34 648.15 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.41 648.15 Td (12%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.74 648.15 Td ( ) Tj ET Q q 0 0 0 rg BT 182.15 648.15 Td (of ) Tj ET Q q 0 0 0 rg BT 192.89 648.15 Td (the ) Tj ET Q q 0 0 0 rg BT 207.52 648.15 Td (growth, ) Tj ET Q q 0 0 0 rg BT 240.76 648.15 Td (of) Tj ET Q q 0 0 0 rg BT 248.91 648.15 Td (fset ) Tj ET Q q 0 0 0 rg BT 265.75 648.15 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.16 648.15 Td (a ) Tj ET Q q 0 0 0 rg BT 285.01 648.15 Td (decrease) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.43 648.15 Td ( ) Tj ET Q q 0 0 0 rg BT 321.84 648.15 Td (in ) Tj ET Q q 0 0 0 rg BT 332.02 648.15 Td (DHX ) Tj ET Q q 0 0 0 rg BT 355.92 648.15 Td (T) Tj ET Q q 0 0 0 rg BT 361.33 648.15 Td (elevision ) Tj ET Q q 0 0 0 rg BT 399.85 648.15 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 440.29 648.15 Td (which ) Tj ET Q q 0 0 0 rg BT 467.14 648.15 Td (included ) Tj ET Q q 0 0 0 rg BT 503.99 648.15 Td (twelve ) Tj ET Q q 0 0 0 rg BT 533.05 648.15 Td (months ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 636.15 Td (of ) Tj ET Q q 0 0 0 rg BT 59.64 636.15 Td (activity) Tj ET Q q 0 0 0 rg BT 88.98 636.15 Td (, ) Tj ET Q q 0 0 0 rg BT 93.30 636.15 Td (versus ) Tj ET Q q 0 0 0 rg BT 120.66 636.15 Td (eleven ) Tj ET Q q 0 0 0 rg BT 148.57 636.15 Td (months ) Tj ET Q q 0 0 0 rg BT 179.83 636.15 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.42 636.15 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 215.12 636.15 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.12 636.15 Td (, ) Tj ET Q q 0 0 0 rg BT 239.43 636.15 Td (of) Tj ET Q q 0 0 0 rg BT 247.58 636.15 Td (fsetting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.39 636.15 Td (17%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.72 636.15 Td ( ) Tj ET Q q 0 0 0 rg BT 299.53 636.15 Td (of ) Tj ET Q q 0 0 0 rg BT 309.68 636.15 Td (the ) Tj ET Q q 0 0 0 rg BT 323.71 636.15 Td (growth, ) Tj ET Q q 0 0 0 rg BT 356.35 636.15 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.60 636.15 Td (a ) Tj ET Q q 0 0 0 rg BT 378.85 636.15 Td (decrease) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.27 636.15 Td ( ) Tj ET Q q 0 0 0 rg BT 415.08 636.15 Td (in ) Tj ET Q q 0 0 0 rg BT 424.67 636.15 Td (new ) Tj ET Q q 0 0 0 rg BT 443.14 636.15 Td (media ) Tj ET Q q 0 0 0 rg BT 469.39 636.15 Td (revenues ) Tj ET Q q 0 0 0 rg BT 506.74 636.15 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.07 636.15 Td (86%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.40 636.15 Td ( ) Tj ET Q q 0 0 0 rg BT 530.21 636.15 Td (or) Tj ET Q q 0 0 0 rg BT 538.36 636.15 Td (ganic, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 624.15 Td (14%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.83 624.15 Td ( ) Tj ET Q q 0 0 0 rg BT 70.33 624.15 Td (acquisitive\), ) Tj ET Q q 0 0 0 rg BT 121.98 624.15 Td (of) Tj ET Q q 0 0 0 rg BT 130.13 624.15 Td (fsetting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.63 624.15 Td (5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.96 624.15 Td ( ) Tj ET Q q 0 0 0 rg BT 178.46 624.15 Td (of ) Tj ET Q q 0 0 0 rg BT 189.29 624.15 Td (the ) Tj ET Q q 0 0 0 rg BT 204.00 624.15 Td (growth.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 67.50 606.15 Td (The ) Tj ET Q q 0 0 0 rg BT 84.80 606.15 Td (Company's ) Tj ET Q q 0 0 0 rg BT 131.45 606.15 Td (Content ) Tj ET Q q 0 0 0 rg BT 165.41 606.15 Td (Business ) Tj ET Q q 0 0 0 rg BT 202.71 606.15 Td (is ) Tj ET Q q 0 0 0 rg BT 211.68 606.15 Td (comprised ) Tj ET Q q 0 0 0 rg BT 255.63 606.15 Td (of ) Tj ET Q q 0 0 0 rg BT 265.71 606.15 Td (Pr) Tj ET Q q 0 0 0 rg BT 275.34 606.15 Td (oprietary ) Tj ET Q q 0 0 0 rg BT 314.85 606.15 Td (Pr) Tj ET Q q 0 0 0 rg BT 324.48 606.15 Td (oduction, ) Tj ET Q q 0 0 0 rg BT 364.27 606.15 Td (Distribution, ) Tj ET Q q 0 0 0 rg BT 417.96 606.15 Td (M&L-Owned, ) Tj ET Q q 0 0 0 rg BT 476.09 606.15 Td (Pr) Tj ET Q q 0 0 0 rg BT 485.72 606.15 Td (oducer ) Tj ET Q q 0 0 0 rg BT 515.78 606.15 Td (and ) Tj ET Q q 0 0 0 rg BT 533.08 606.15 Td (Service ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 594.15 Td (Fees, ) Tj ET Q q 0 0 0 rg BT 73.38 594.15 Td (and ) Tj ET Q q 0 0 0 rg BT 90.88 594.15 Td (New ) Tj ET Q q 0 0 0 rg BT 111.16 594.15 Td (Media ) Tj ET Q q 0 0 0 rg BT 139.20 594.15 Td (and ) Tj ET Q q 0 0 0 rg BT 156.70 594.15 Td (Other) Tj ET Q q 0 0 0 rg BT 178.92 594.15 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 67.50 576.15 Td (Pr) Tj ET Q q 0 0 0 rg BT 77.13 576.15 Td (oprietary ) Tj ET Q q 0 0 0 rg BT 117.02 576.15 Td (pr) Tj ET Q q 0 0 0 rg BT 125.54 576.15 Td (oduction ) Tj ET Q q 0 0 0 rg BT 163.21 576.15 Td (r) Tj ET Q q 0 0 0 rg BT 166.73 576.15 Td (evenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.38 576.15 Td (: ) Tj ET Q q 0 0 0 rg BT 203.83 576.15 Td (Proprietary ) Tj ET Q q 0 0 0 rg BT 251.49 576.15 Td (production ) Tj ET Q q 0 0 0 rg BT 297.50 576.15 Td (revenues ) Tj ET Q q 0 0 0 rg BT 335.71 576.15 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.04 576.15 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 376.61 576.15 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.61 576.15 Td ( ) Tj ET Q q 0 0 0 rg BT 399.28 576.15 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.39 576.15 Td ($43.31 ) Tj ET Q q 0 0 0 rg BT 451.56 576.15 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.45 576.15 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.63 576.15 Td (an ) Tj ET Q q 0 0 0 rg BT 497.74 576.15 Td (increase ) Tj ET Q q 0 0 0 rg BT 533.17 576.15 Td (of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.50 576.15 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.18 576.15 Td (14%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 564.15 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.83 564.15 Td (10%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.16 564.15 Td ( ) Tj ET Q q 0 0 0 rg BT 74.03 564.15 Td (or) Tj ET Q q 0 0 0 rg BT 82.17 564.15 Td (ganic ) Tj ET Q q 0 0 0 rg BT 106.70 564.15 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.00 564.15 Td (4%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.33 564.15 Td ( ) Tj ET Q q 0 0 0 rg BT 140.19 564.15 Td (acquisitive\) ) Tj ET Q q 0 0 0 rg BT 189.71 564.15 Td (compared ) Tj ET Q q 0 0 0 rg BT 232.00 564.15 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.64 564.15 Td ($38.08 ) Tj ET Q q 0 0 0 rg BT 273.01 564.15 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.90 564.15 Td ( ) Tj ET Q q 0 0 0 rg BT 304.76 564.15 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.29 564.15 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 346.04 564.15 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.04 564.15 Td (. ) Tj ET Q q 0 0 0 rg BT 371.41 564.15 Td (Management ) Tj ET Q q 0 0 0 rg BT 426.47 564.15 Td (is ) Tj ET Q q 0 0 0 rg BT 436.01 564.15 Td (pleased ) Tj ET Q q 0 0 0 rg BT 468.86 564.15 Td (to ) Tj ET Q q 0 0 0 rg BT 479.50 564.15 Td (report ) Tj ET Q q 0 0 0 rg BT 506.25 564.15 Td (that ) Tj ET Q q 0 0 0 rg BT 524.11 564.15 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.63 564.15 Td (Fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 552.15 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 552.15 Td (, ) Tj ET Q q 0 0 0 rg BT 74.55 552.15 Td (the ) Tj ET Q q 0 0 0 rg BT 89.32 552.15 Td (Company ) Tj ET Q q 0 0 0 rg BT 130.76 552.15 Td (added ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.19 552.15 Td (215.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.69 552.15 Td ( ) Tj ET Q q 0 0 0 rg BT 182.24 552.15 Td (proprietary ) Tj ET Q q 0 0 0 rg BT 229.22 552.15 Td (half-hours ) Tj ET Q q 0 0 0 rg BT 272.87 552.15 Td (to ) Tj ET Q q 0 0 0 rg BT 283.20 552.15 Td (the ) Tj ET Q q 0 0 0 rg BT 297.97 552.15 Td (library) Tj ET Q q 0 0 0 rg BT 323.98 552.15 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.03 552.15 Td (up) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.03 552.15 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.58 552.15 Td (20%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.91 552.15 Td ( ) Tj ET Q q 0 0 0 rg BT 362.47 552.15 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.46 552.15 Td (179.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.96 552.15 Td ( ) Tj ET Q q 0 0 0 rg BT 409.51 552.15 Td (half-hours ) Tj ET Q q 0 0 0 rg BT 453.16 552.15 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.38 552.15 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 493.81 552.15 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.81 552.15 Td (, ) Tj ET Q q 0 0 0 rg BT 518.87 552.15 Td (well ) Tj ET Q q 0 0 0 rg BT 538.64 552.15 Td (above ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 540.15 Td (Management's ) Tj ET Q q 0 0 0 rg BT 110.27 540.15 Td (stated ) Tj ET Q q 0 0 0 rg BT 136.46 540.15 Td (goal ) Tj ET Q q 0 0 0 rg BT 156.55 540.15 Td (of ) Tj ET Q q 0 0 0 rg BT 167.75 540.15 Td (adding ) Tj ET Q q 0 0 0 rg BT 197.84 540.15 Td (100-200 ) Tj ET Q q 0 0 0 rg BT 234.04 540.15 Td (half-hours ) Tj ET Q q 0 0 0 rg BT 278.01 540.15 Td (annually ) Tj ET Q q 0 0 0 rg BT 315.32 540.15 Td (to ) Tj ET Q q 0 0 0 rg BT 325.96 540.15 Td (the ) Tj ET Q q 0 0 0 rg BT 341.05 540.15 Td (library) Tj ET Q q 0 0 0 rg BT 367.06 540.15 Td (. ) Tj ET Q q 0 0 0 rg BT 372.43 540.15 Td (For ) Tj ET Q q 0 0 0 rg BT 389.19 540.15 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.28 540.15 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 431.04 540.15 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.04 540.15 Td (, ) Tj ET Q q 0 0 0 rg BT 456.41 540.15 Td (the ) Tj ET Q q 0 0 0 rg BT 471.50 540.15 Td (Company ) Tj ET Q q 0 0 0 rg BT 513.25 540.15 Td (added ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.00 540.15 Td (150.0) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 528.15 Td (half-hours ) Tj ET Q q 0 0 0 rg BT 93.40 528.15 Td (of ) Tj ET Q q 0 0 0 rg BT 104.52 528.15 Td (third ) Tj ET Q q 0 0 0 rg BT 126.21 528.15 Td (party ) Tj ET Q q 0 0 0 rg BT 149.55 528.15 Td (produced ) Tj ET Q q 0 0 0 rg BT 189.56 528.15 Td (titles ) Tj ET Q q 0 0 0 rg BT 211.80 528.15 Td (with ) Tj ET Q q 0 0 0 rg BT 232.38 528.15 Td (distribution ) Tj ET Q q 0 0 0 rg BT 281.29 528.15 Td (rights ) Tj ET Q q 0 0 0 rg BT 306.86 528.15 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.19 528.15 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 336.88 528.15 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.88 528.15 Td (-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.21 528.15 Td (45.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.71 528.15 Td ( ) Tj ET Q q 0 0 0 rg BT 380.51 528.15 Td (half-hours\), ) Tj ET Q q 0 0 0 rg BT 430.23 528.15 Td (an ) Tj ET Q q 0 0 0 rg BT 442.47 528.15 Td (increase ) Tj ET Q q 0 0 0 rg BT 478.02 528.15 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 528.15 Td (233%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.48 528.15 Td ( ) Tj ET Q q 0 0 0 rg BT 515.28 528.15 Td (and ) Tj ET Q q 0 0 0 rg BT 532.51 528.15 Td (a ) Tj ET Q q 0 0 0 rg BT 539.75 528.15 Td (direct ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 516.15 Td (result ) Tj ET Q q 0 0 0 rg BT 74.65 516.15 Td (of ) Tj ET Q q 0 0 0 rg BT 85.92 516.15 Td (the ) Tj ET Q q 0 0 0 rg BT 101.07 516.15 Td (operational ) Tj ET Q q 0 0 0 rg BT 148.98 516.15 Td (syner) Tj ET Q q 0 0 0 rg BT 170.46 516.15 Td (gies ) Tj ET Q q 0 0 0 rg BT 189.50 516.15 Td (associated ) Tj ET Q q 0 0 0 rg BT 233.53 516.15 Td (with ) Tj ET Q q 0 0 0 rg BT 254.25 516.15 Td (owning ) Tj ET Q q 0 0 0 rg BT 287.18 516.15 Td (DHX ) Tj ET Q q 0 0 0 rg BT 311.57 516.15 Td (T) Tj ET Q q 0 0 0 rg BT 316.98 516.15 Td (elevision. ) Tj ET Q q 0 0 0 rg BT 358.30 516.15 Td (The ) Tj ET Q q 0 0 0 rg BT 376.79 516.15 Td (proprietary ) Tj ET Q q 0 0 0 rg BT 424.14 516.15 Td (production ) Tj ET Q q 0 0 0 rg BT 470.40 516.15 Td (revenue ) Tj ET Q q 0 0 0 rg BT 504.98 516.15 Td (was ) Tj ET Q q 0 0 0 rg BT 523.47 516.15 Td (above ) Tj ET Q q 0 0 0 rg BT 550.28 516.15 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 504.15 Td (mid-point ) Tj ET Q q 0 0 0 rg BT 91.13 504.15 Td (of ) Tj ET Q q 0 0 0 rg BT 101.66 504.15 Td (Management's ) Tj ET Q q 0 0 0 rg BT 161.74 504.15 Td (most ) Tj ET Q q 0 0 0 rg BT 183.38 504.15 Td (recent ) Tj ET Q q 0 0 0 rg BT 210.00 504.15 Td (annual ) Tj ET Q q 0 0 0 rg BT 238.84 504.15 Td (guidance ) Tj ET Q q 0 0 0 rg BT 277.13 504.15 Td (as ) Tj ET Q q 0 0 0 rg BT 287.65 504.15 Td (included ) Tj ET Q q 0 0 0 rg BT 324.28 504.15 Td (in ) Tj ET Q q 0 0 0 rg BT 334.25 504.15 Td (the ) Tj ET Q q 0 0 0 rg BT 348.65 504.15 Td (Q3 ) Tj ET Q q 0 0 0 rg BT 363.07 504.15 Td (2016 ) Tj ET Q q 0 0 0 rg BT 385.26 504.15 Td (MD&A. ) Tj ET Q q 0 0 0 rg BT 421.06 504.15 Td (See ) Tj ET Q q 0 0 0 rg BT 437.69 504.15 Td (delivery ) Tj ET Q q 0 0 0 rg BT 472.65 504.15 Td (chart ) Tj ET Q q 0 0 0 rg BT 494.83 504.15 Td (below ) Tj ET Q q 0 0 0 rg BT 521.46 504.15 Td (for ) Tj ET Q q 0 0 0 rg BT 535.31 504.15 Td (further ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 492.15 Td (details.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 474.15 Td ( ) Tj ET Q endstream endobj 17 0 obj <> endobj 18 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6 0.6 0.6 rg BT 303.50 31.60 Td (8) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 67.50 742.10 Td (The ) Tj ET Q q 0 0 0 rg BT 85.02 742.10 Td (br) Tj ET Q q 0 0 0 rg BT 93.54 742.10 Td (eakdown ) Tj ET Q q 0 0 0 rg BT 131.61 742.10 Td (for ) Tj ET Q q 0 0 0 rg BT 145.80 742.10 Td (content ) Tj ET Q q 0 0 0 rg BT 177.76 742.10 Td (library ) Tj ET Q q 0 0 0 rg BT 208.06 742.10 Td (deliveries ) Tj ET Q q 0 0 0 rg BT 249.45 742.10 Td (\(including ) Tj ET Q q 0 0 0 rg BT 293.08 742.10 Td (pr) Tj ET Q q 0 0 0 rg BT 301.60 742.10 Td (oprietary ) Tj ET Q q 0 0 0 rg BT 341.34 742.10 Td (deliveries ) Tj ET Q q 0 0 0 rg BT 382.73 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 400.25 742.10 Td (deliveries ) Tj ET Q q 0 0 0 rg BT 441.65 742.10 Td (on ) Tj ET Q q 0 0 0 rg BT 454.17 742.10 Td (distribution ) Tj ET Q q 0 0 0 rg BT 503.37 742.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 529.23 742.10 Td (for ) Tj ET Q q 0 0 0 rg BT 543.42 742.10 Td (thir) Tj ET Q q 0 0 0 rg BT 557.50 742.10 Td (d ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 730.10 Td (party ) Tj ET Q q 0 0 0 rg BT 73.11 730.10 Td (pr) Tj ET Q q 0 0 0 rg BT 81.63 730.10 Td (oduced ) Tj ET Q q 0 0 0 rg BT 113.01 730.10 Td (titles\) ) Tj ET Q q 0 0 0 rg BT 138.28 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 155.78 730.10 Td (dollar ) Tj ET Q q 0 0 0 rg BT 182.73 730.10 Td (value ) Tj ET Q q 0 0 0 rg BT 206.88 730.10 Td (subtotals ) Tj ET Q q 0 0 0 rg BT 245.50 730.10 Td (per ) Tj ET Q q 0 0 0 rg BT 261.33 730.10 Td (category ) Tj ET Q q 0 0 0 rg BT 298.82 730.10 Td (for ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 312.99 730.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 340.48 730.10 Td (2016) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 360.48 730.10 Td ( ) Tj ET Q q 0 0 0 rg BT 362.98 730.10 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 380.48 730.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 407.98 730.10 Td (2015) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 427.98 730.10 Td ( ) Tj ET Q q 0 0 0 rg BT 430.48 730.10 Td (was ) Tj ET Q q 0 0 0 rg BT 448.54 730.10 Td (as ) Tj ET Q q 0 0 0 rg BT 459.93 730.10 Td (follows: ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67 719.6 m 67 707.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67 719.6 m 306 719.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306 719.6 m 368 719.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 719.6 m 415 719.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 707.6 m 415 707.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415 719.6 m 466 719.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415 707.6 m 466 707.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466 719.6 m 473 719.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473 719.6 m 513 719.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473 707.6 m 513 707.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513 719.6 m 558 719.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513 707.6 m 558 707.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562 719.6 m 562 707.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 558 719.6 m 562 719.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67 707.6 m 67 702.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562 707.6 m 562 702.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67 702.6 m 67 690.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562 702.6 m 562 690.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67 690.6 m 67 686.6 l s 0.7529411764705882 0.7529411764705882 0.7529411764705882 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67 686.6 m 306 686.6 l s 0.7529411764705882 0.7529411764705882 0.7529411764705882 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306 686.6 m 368 686.6 l s 0.7529411764705882 0.7529411764705882 0.7529411764705882 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 686.6 m 415 686.6 l s 0.7529411764705882 0.7529411764705882 0.7529411764705882 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415 686.6 m 466 686.6 l s 0.7529411764705882 0.7529411764705882 0.7529411764705882 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466 686.6 m 473 686.6 l s 0.7529411764705882 0.7529411764705882 0.7529411764705882 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473 686.6 m 513 686.6 l s 0.7529411764705882 0.7529411764705882 0.7529411764705882 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513 686.6 m 558 686.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562 690.6 m 562 686.6 l s 0.7529411764705882 0.7529411764705882 0.7529411764705882 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 558 686.6 m 562 686.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67 686.6 m 67 674.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562 686.6 m 562 674.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67 674.6 m 67 670.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562 674.6 m 562 670.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67 670.6 m 67 658.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562 670.6 m 562 658.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67 658.6 m 67 648.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562 658.6 m 562 648.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67 648.6 m 67 638.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562 648.6 m 562 638.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67 638.6 m 67 628.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562 638.6 m 562 628.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67 628.6 m 67 618.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562 628.6 m 562 618.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67 618.6 m 67 608.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562 618.6 m 562 608.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67 608.6 m 67 598.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562 608.6 m 562 598.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67 598.6 m 67 588.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562 598.6 m 562 588.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67 588.6 m 67 578.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562 588.6 m 562 578.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67 578.6 m 67 568.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562 578.6 m 562 568.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67 568.6 m 67 558.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562 568.6 m 562 558.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67 558.6 m 67 548.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562 558.6 m 562 548.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67 548.6 m 67 538.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562 548.6 m 562 538.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67 538.6 m 67 528.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562 538.6 m 562 528.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67 528.6 m 67 518.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562 528.6 m 562 518.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67 518.6 m 67 508.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562 518.6 m 562 508.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67 508.6 m 67 498.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562 508.6 m 562 498.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67 498.6 m 67 488.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562 498.6 m 562 488.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67 488.6 m 67 478.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562 488.6 m 562 478.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67 478.6 m 67 468.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562 478.6 m 562 468.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67 468.6 m 67 458.6 l s 0 0 0 RG /GS0 gs 1.00 w 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423.68 Td ( Third Party Produced Titles with Distribution Rights) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 69.50 411.60 Td ( Backstage) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 454.15 411.60 Td (30) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 546.15 411.60 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 69.50 401.60 Td ( Fangbone) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 454.15 401.60 Td (13) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 546.15 401.60 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 69.50 391.60 Td ( Gaming Show) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 454.15 391.60 Td (21) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 550.15 391.60 Td (4) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 69.50 381.60 Td ( Kuu Kuu Harajuku) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 454.15 381.60 Td (18) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 546.15 381.60 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 69.50 371.60 Td ( Messy Goes to Okido) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 454.15 371.60 Td (22) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 550.15 371.60 Td (4) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 69.50 361.60 Td ( Rainbow Ruby) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 454.15 361.60 Td (14) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 546.15 361.60 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 69.50 351.60 Td ( Rastamouse) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 454.15 351.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 546.15 351.60 Td (13) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 69.50 341.60 Td ( Super Why!) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 454.15 341.60 Td (14) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 550.15 341.60 Td (9) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 69.50 331.60 Td ( T) Tj ET Q q 0 0 0 rg BT 81.21 331.60 Td (opsy & T) Tj ET Q q 0 0 0 rg BT 110.11 331.60 Td (im) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 458.15 331.60 Td (2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 546.15 331.60 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 69.50 321.60 Td ( T) Tj ET Q q 0 0 0 rg BT 81.36 321.60 Td (wirlywoos) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 454.15 321.60 Td (10) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 546.15 321.60 Td (15) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 69.50 311.60 Td ( W) Tj ET Q q 0 0 0 rg BT 83.43 311.60 Td (e ar) Tj ET Q q 0 0 0 rg BT 95.80 311.60 Td (e Savvy) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 458.15 311.60 Td (4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 546.15 311.60 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 69.50 301.55 Td ( Subtotals) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 450.15 301.55 Td (148) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 546.15 301.55 Td (45) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 69.50 285.68 Td (Total Children's and Family) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 389.50 285.68 Td ($38.69) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 450.15 285.68 Td (339) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 487.50 285.68 Td ($33.75) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 542.15 285.68 Td (203) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 69.50 269.68 Td (Comedy:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 69.50 253.68 Td ( Proprietary) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 69.50 241.60 Td ( This Hour Has 22 Minutes) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 328.05 241.60 Td (XXII) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 454.15 241.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 546.15 241.60 Td (21) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 69.50 231.60 Td ( This Hour Has 22 Minutes) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 326.70 231.60 Td (XXIII) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 454.15 231.60 Td (24) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 546.15 231.60 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 69.50 221.55 Td ( Subtotals) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 393.50 221.68 Td ($4.62) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 454.15 221.68 Td (24) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 491.50 221.68 Td ($4.33) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 546.15 221.68 Td (21) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 69.50 205.68 Td ( ) Tj ET Q q 0 0 0 rg BT 73.36 205.68 Td (Third Party Pr) Tj ET Q q 0 0 0 rg BT 124.76 205.68 Td (oduced ) Tj ET Q q 0 0 0 rg BT 151.06 205.68 Td (T) Tj ET Q q 0 0 0 rg BT 156.25 205.68 Td (itles with Distribution Rights) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 69.50 193.60 Td ( Body Buds) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 458.15 193.60 Td (1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 546.15 193.73 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 69.50 183.60 Td ( Disor) Tj ET Q q 0 0 0 rg BT 95.43 183.60 Td (derly) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 458.15 183.60 Td (1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 546.15 183.73 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 458.15 173.68 Td (2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 546.15 173.68 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 69.50 157.68 Td (Total Comedy) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 393.50 157.68 Td ($4.62) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 454.15 157.68 Td (26) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 491.50 157.68 Td ($4.33) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 546.15 157.68 Td (21) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 69.50 137.68 Td (Total Proprietary) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 389.50 137.55 Td ($43.31) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 450.15 137.55 Td (215) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 487.50 137.55 Td ($38.08) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 542.15 137.55 Td (179) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 69.50 125.68 Td (Total Third Party Produced Titles with Distribution Rights) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 403.80 125.55 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 450.15 125.55 Td (150) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 501.75 125.55 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 546.15 125.55 Td (45) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 389.50 113.68 Td ($43.31) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 450.15 113.68 Td (365) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 487.50 113.68 Td ($38.08) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 542.15 113.68 Td (224) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 67.50 84.10 Td (Distribution ) Tj ET Q q 0 0 0 rg BT 119.36 84.10 Td (r) Tj ET Q q 0 0 0 rg BT 122.88 84.10 Td (evenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.52 84.10 Td (: ) Tj ET Q q 0 0 0 rg BT 160.26 84.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 215.42 84.10 Td (is ) Tj ET Q q 0 0 0 rg BT 225.05 84.10 Td (pleased ) Tj ET Q q 0 0 0 rg BT 257.99 84.10 Td (to ) Tj ET Q q 0 0 0 rg BT 268.73 84.10 Td (report ) Tj ET Q q 0 0 0 rg BT 295.57 84.10 Td (that ) Tj ET Q q 0 0 0 rg BT 313.52 84.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.14 84.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 354.99 84.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.99 84.10 Td (, ) Tj ET Q q 0 0 0 rg BT 380.44 84.10 Td (distribution ) Tj ET Q q 0 0 0 rg BT 429.52 84.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 468.01 84.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.40 84.10 Td (up) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.40 84.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.36 84.10 Td (1) Tj ET Q q 0 0 0 rg BT 507.99 84.10 Td (1%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.32 84.10 Td ( ) Tj ET Q q 0 0 0 rg BT 524.28 84.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.01 84.10 Td ($86.56 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 72.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.39 72.10 Td ( ) Tj ET Q q 0 0 0 rg BT 81.50 72.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.83 72.10 Td (9%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.16 72.10 Td ( ) Tj ET Q q 0 0 0 rg BT 101.28 72.10 Td (or) Tj ET Q q 0 0 0 rg BT 109.42 72.10 Td (ganic ) Tj ET Q q 0 0 0 rg BT 134.19 72.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.74 72.10 Td (2%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.07 72.10 Td ( ) Tj ET Q q 0 0 0 rg BT 168.18 72.10 Td (acquisitive\), ) Tj ET Q q 0 0 0 rg BT 220.45 72.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.00 72.10 Td ($77.67 ) Tj ET Q q 0 0 0 rg BT 273.61 72.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.50 72.10 Td ( ) Tj ET Q q 0 0 0 rg BT 305.61 72.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.38 72.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 347.38 72.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.38 72.10 Td (, ) Tj ET Q q 0 0 0 rg BT 372.99 72.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 413.32 72.10 Td (due ) Tj ET Q q 0 0 0 rg BT 430.87 72.10 Td (to ) Tj ET Q q 0 0 0 rg BT 441.76 72.10 Td (the ) Tj ET Q q 0 0 0 rg BT 457.09 72.10 Td (continuing ) Tj ET Q q 0 0 0 rg BT 502.97 72.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 534.41 72.10 Td (of ) Tj ET Q q 0 0 0 rg BT 545.86 72.10 Td (new ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 60.10 Td (digital ) Tj ET Q q 0 0 0 rg BT 77.52 60.10 Td (customers, ) Tj ET Q q 0 0 0 rg BT 123.03 60.10 Td (platforms, ) Tj ET Q q 0 0 0 rg BT 166.33 60.10 Td (and ) Tj ET Q q 0 0 0 rg BT 183.23 60.10 Td (territories. ) Tj ET Q q 0 0 0 rg BT 227.07 60.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 253.42 60.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 275.89 60.10 Td (distribution ) Tj ET Q q 0 0 0 rg BT 324.47 60.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 362.48 60.10 Td (included ) Tj ET Q q 0 0 0 rg BT 399.38 60.10 Td ($12.78 ) Tj ET Q q 0 0 0 rg BT 429.35 60.10 Td (million ) Tj ET Q q 0 0 0 rg BT 460.70 60.10 Td (in ) Tj ET Q q 0 0 0 rg BT 470.95 60.10 Td (streaming ) Tj ET Q q 0 0 0 rg BT 512.85 60.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 550.85 60.10 Td (for ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 48.10 Td (Degrassi) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.61 48.10 Td (. ) Tj ET Q q 0 0 0 rg BT 89.52 48.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.33 48.10 Td ($86.56 ) Tj ET Q q 0 0 0 rg BT 130.64 48.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.53 48.10 Td ( ) Tj ET Q q 0 0 0 rg BT 161.34 48.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.81 48.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 200.50 48.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.50 48.10 Td (, ) Tj ET Q q 0 0 0 rg BT 224.81 48.10 Td (the ) Tj ET Q q 0 0 0 rg BT 238.83 48.10 Td (distribution ) Tj ET Q q 0 0 0 rg BT 286.76 48.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 320.21 48.10 Td (was ) Tj ET Q q 0 0 0 rg BT 337.57 48.10 Td (above ) Tj ET Q q 0 0 0 rg BT 363.25 48.10 Td (the ) Tj ET Q q 0 0 0 rg BT 377.28 48.10 Td (mid-point ) Tj ET Q q 0 0 0 rg BT 418.53 48.10 Td (of ) Tj ET Q q 0 0 0 rg BT 428.67 48.10 Td (Management's ) Tj ET Q q 0 0 0 rg BT 488.37 48.10 Td (most ) Tj ET Q q 0 0 0 rg BT 509.63 48.10 Td (recent ) Tj ET Q q 0 0 0 rg BT 535.86 48.10 Td (annual ) Tj ET Q endstream endobj 19 0 obj <> endobj 20 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6 0.6 0.6 rg BT 303.50 31.60 Td (9) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 49.50 742.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 87.77 742.10 Td (as ) Tj ET Q q 0 0 0 rg BT 98.28 742.10 Td (included ) Tj ET Q q 0 0 0 rg BT 134.90 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 144.86 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 159.25 742.10 Td (Q3 ) Tj ET Q q 0 0 0 rg BT 173.66 742.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 195.84 742.10 Td (MD&A. ) Tj ET Q q 0 0 0 rg BT 231.47 742.10 Td (The ) Tj ET Q q 0 0 0 rg BT 249.20 742.10 Td (results ) Tj ET Q q 0 0 0 rg BT 277.49 742.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.33 742.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 317.39 742.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.39 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 339.57 742.10 Td (continued ) Tj ET Q q 0 0 0 rg BT 381.19 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 391.15 742.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 421.09 742.10 Td (somewhat ) Tj ET Q q 0 0 0 rg BT 463.82 742.10 Td (from ) Tj ET Q q 0 0 0 rg BT 485.44 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 499.83 742.10 Td (weakness ) Tj ET Q q 0 0 0 rg BT 540.33 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 550.29 742.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 730.10 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 89.57 730.10 Td (dollar ) Tj ET Q q 0 0 0 rg BT 115.20 730.10 Td (relative ) Tj ET Q q 0 0 0 rg BT 147.48 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 157.56 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 172.08 730.10 Td (USD ) Tj ET Q q 0 0 0 rg BT 194.39 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 211.13 730.10 Td (GBP) Tj ET Q q 0 0 0 rg BT 229.48 730.10 Td (, ) Tj ET Q q 0 0 0 rg BT 234.28 730.10 Td (although ) Tj ET Q q 0 0 0 rg BT 271.58 730.10 Td (this ) Tj ET Q q 0 0 0 rg BT 288.33 730.10 Td (gap ) Tj ET Q q 0 0 0 rg BT 305.08 730.10 Td (narrowed ) Tj ET Q q 0 0 0 rg BT 345.14 730.10 Td (during ) Tj ET Q q 0 0 0 rg BT 373.55 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 388.07 730.10 Td (second ) Tj ET Q q 0 0 0 rg BT 418.14 730.10 Td (half ) Tj ET Q q 0 0 0 rg BT 435.99 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 446.63 730.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 472.82 730.10 Td (2016. ) Tj ET Q q 0 0 0 rg BT 497.62 730.10 Td (For ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.82 730.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 540.01 730.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.01 730.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 65.98 718.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 109.13 718.10 Td (closed ) Tj ET Q q 0 0 0 rg BT 138.94 718.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 185.41 718.10 Td (deals, ) Tj ET Q q 0 0 0 rg BT 212.72 718.10 Td (among ) Tj ET Q q 0 0 0 rg BT 244.20 718.10 Td (others ) Tj ET Q q 0 0 0 rg BT 272.90 718.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 319.38 718.10 Td (announced, ) Tj ET Q q 0 0 0 rg BT 369.46 718.10 Td (as ) Tj ET Q q 0 0 0 rg BT 382.05 718.10 Td (follows: ) Tj ET Q q 0 0 0 rg BT 419.09 718.10 Td (DirectTV) Tj ET Q q 0 0 0 rg BT 457.23 718.10 Td ( ) Tj ET Q q 0 0 0 rg BT 461.49 718.10 Td (Digital ) Tj ET Q q 0 0 0 rg BT 493.53 718.10 Td (LLC, ) Tj ET Q q 0 0 0 rg BT 519.18 718.10 Td (Hessischer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 706.10 Td (Rundfunk, ) Tj ET Q q 0 0 0 rg BT 94.74 706.10 Td (Lagardere ) Tj ET Q q 0 0 0 rg BT 137.81 706.10 Td (Thematiques, ) Tj ET Q q 0 0 0 rg BT 194.70 706.10 Td (Netflix, ) Tj ET Q q 0 0 0 rg BT 228.27 706.10 Td (OTT) Tj ET Q q 0 0 0 rg BT 247.53 706.10 Td ( ) Tj ET Q q 0 0 0 rg BT 250.27 706.10 Td (Pacifico, ) Tj ET Q q 0 0 0 rg BT 288.08 706.10 Td (T) Tj ET Q q 0 0 0 rg BT 293.84 706.10 Td (urner ) Tj ET Q q 0 0 0 rg BT 317.68 706.10 Td (Broadcasting ) Tj ET Q q 0 0 0 rg BT 373.19 706.10 Td (Corporation, ) Tj ET Q q 0 0 0 rg BT 426.76 706.10 Td (Zhejiang ) Tj ET Q q 0 0 0 rg BT 464.84 706.10 Td (Tmall ) Tj ET Q q 0 0 0 rg BT 491.47 706.10 Td (Network ) Tj ET Q q 0 0 0 rg BT 529.20 706.10 Td (Co., ) Tj ET Q q 0 0 0 rg BT 548.61 706.10 Td (Ltd ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 694.10 Td (\(Alibaba\). ) Tj ET Q q 0 0 0 rg BT 92.81 694.10 Td (Also ) Tj ET Q q 0 0 0 rg BT 114.91 694.10 Td (included ) Tj ET Q q 0 0 0 rg BT 152.55 694.10 Td (in ) Tj ET Q q 0 0 0 rg BT 163.53 694.10 Td (these ) Tj ET Q q 0 0 0 rg BT 187.28 694.10 Td (figures ) Tj ET Q q 0 0 0 rg BT 218.25 694.10 Td (are ) Tj ET Q q 0 0 0 rg BT 233.67 694.10 Td (advertising ) Tj ET Q q 0 0 0 rg BT 281.30 694.10 Td (and ) Tj ET Q q 0 0 0 rg BT 298.95 694.10 Td (subscription ) Tj ET Q q 0 0 0 rg BT 351.04 694.10 Td (video ) Tj ET Q q 0 0 0 rg BT 376.46 694.10 Td (on ) Tj ET Q q 0 0 0 rg BT 389.66 694.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 424.52 694.10 Td (\() Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 432.29 694.10 Td (V) Tj ET Q q 0 0 0 rg BT 439.31 694.10 Td (OD) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.31 694.10 Td (\) ) Tj ET Q q 0 0 0 rg BT 465.29 694.10 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 506.53 694.10 Td (from ) Tj ET Q q 0 0 0 rg BT 529.17 694.10 Td (multiple ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 682.10 Td (platforms, ) Tj ET Q q 0 0 0 rg BT 92.93 682.10 Td (including ) Tj ET Q q 0 0 0 rg BT 132.73 682.10 Td (Amazon ) Tj ET Q q 0 0 0 rg BT 169.22 682.10 Td (and ) Tj ET Q q 0 0 0 rg BT 185.87 682.10 Td (Y) Tj ET Q q 0 0 0 rg BT 192.09 682.10 Td (ouT) Tj ET Q q 0 0 0 rg BT 207.85 682.10 Td (ube. ) Tj ET Q q 0 0 0 rg BT 227.21 682.10 Td (The ) Tj ET Q q 0 0 0 rg BT 245.36 682.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 269.08 682.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 303.33 682.10 Td (from ) Tj ET Q q 0 0 0 rg BT 325.18 682.10 Td (W) Tj ET Q q 0 0 0 rg BT 334.22 682.10 Td (ildbrain, ) Tj ET Q q 0 0 0 rg BT 370.43 682.10 Td (unveiled ) Tj ET Q q 0 0 0 rg BT 407.47 682.10 Td (on ) Tj ET Q q 0 0 0 rg BT 419.50 682.10 Td (April ) Tj ET Q q 0 0 0 rg BT 443.21 682.10 Td (25, ) Tj ET Q q 0 0 0 rg BT 458.31 682.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 483.42 682.10 Td (\(formerly ) Tj ET Q q 0 0 0 rg BT 524.34 682.10 Td (known ) Tj ET Q q 0 0 0 rg BT 554.17 682.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 670.10 Td (Google ) Tj ET Q q 0 0 0 rg BT 81.44 670.10 Td (\(Y) Tj ET Q q 0 0 0 rg BT 90.99 670.10 Td (ouT) Tj ET Q q 0 0 0 rg BT 106.75 670.10 Td (ube.com\) ) Tj ET Q q 0 0 0 rg BT 146.73 670.10 Td (relationship\) ) Tj ET Q q 0 0 0 rg BT 199.77 670.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.93 670.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 240.32 670.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.32 670.10 Td ( ) Tj ET Q q 0 0 0 rg BT 262.82 670.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.87 670.10 Td ($18.44 ) Tj ET Q q 0 0 0 rg BT 310.87 670.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.76 670.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.76 670.10 Td (up) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.76 670.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.26 670.10 Td (53%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.59 670.10 Td ( ) Tj ET Q q 0 0 0 rg BT 378.09 670.10 Td (versus ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.15 670.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 432.53 670.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.53 670.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.03 670.10 Td ($12.05 ) Tj ET Q q 0 0 0 rg BT 485.03 670.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.92 670.10 Td (. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 67.50 652.10 Td (M&L-owned ) Tj ET Q q 0 0 0 rg BT 120.93 652.10 Td (r) Tj ET Q q 0 0 0 rg BT 124.45 652.10 Td (evenues ) Tj ET Q q 0 0 0 rg BT 158.41 652.10 Td (\(including ) Tj ET Q q 0 0 0 rg BT 201.83 652.10 Td (music ) Tj ET Q q 0 0 0 rg BT 227.48 652.10 Td (and ) Tj ET Q q 0 0 0 rg BT 244.79 652.10 Td (r) Tj ET Q q 0 0 0 rg BT 248.31 652.10 Td (oyalties\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.75 652.10 Td (: ) Tj ET Q q 0 0 0 rg BT 287.84 652.10 Td (For ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.05 652.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 330.25 652.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.25 652.10 Td (, ) Tj ET Q q 0 0 0 rg BT 355.07 652.10 Td (M&L-owned ) Tj ET Q q 0 0 0 rg BT 410.16 652.10 Td (revenues ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.01 652.10 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.76 652.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.08 652.10 Td (25%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.41 652.10 Td ( ) Tj ET Q q 0 0 0 rg BT 508.73 652.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.06 652.10 Td (19%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.39 652.10 Td ( ) Tj ET Q q 0 0 0 rg BT 532.71 652.10 Td (or) Tj ET Q q 0 0 0 rg BT 540.85 652.10 Td (ganic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 640.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.67 640.10 Td (6%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.00 640.10 Td ( ) Tj ET Q q 0 0 0 rg BT 82.73 640.10 Td (acquisitive\) ) Tj ET Q q 0 0 0 rg BT 132.11 640.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.62 640.10 Td ($25.00 ) Tj ET Q q 0 0 0 rg BT 172.85 640.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.74 640.10 Td ( ) Tj ET Q q 0 0 0 rg BT 204.47 640.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.80 640.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 234.42 640.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.42 640.10 Td (-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.75 640.10 Td ($20.03 ) Tj ET Q q 0 0 0 rg BT 287.98 640.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.88 640.10 Td (\). ) Tj ET Q q 0 0 0 rg BT 325.44 640.10 Td (For ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.06 640.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 368.68 640.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.68 640.10 Td (, ) Tj ET Q q 0 0 0 rg BT 393.91 640.10 Td (the ) Tj ET Q q 0 0 0 rg BT 408.85 640.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 450.47 640.10 Td (also ) Tj ET Q q 0 0 0 rg BT 469.31 640.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 515.91 640.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 554.17 640.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 628.10 Td ($4.82 ) Tj ET Q q 0 0 0 rg BT 74.68 628.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.57 628.10 Td ( ) Tj ET Q q 0 0 0 rg BT 106.25 628.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 150.02 628.10 Td (with ) Tj ET Q q 0 0 0 rg BT 170.47 628.10 Td (the ) Tj ET Q q 0 0 0 rg BT 185.37 628.10 Td (combination ) Tj ET Q q 0 0 0 rg BT 238.03 628.10 Td (of ) Tj ET Q q 0 0 0 rg BT 249.04 628.10 Td (the) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 261.26 628.10 Td ( ) Tj ET Q q 0 0 0 rg BT 263.94 628.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 286.61 628.10 Td (Big ) Tj ET Q q 0 0 0 rg BT 303.18 628.10 Td (T) Tj ET Q q 0 0 0 rg BT 308.19 628.10 Td (icket ) Tj ET Q q 0 0 0 rg BT 329.74 628.10 Td (Concert) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.95 628.10 Td ( ) Tj ET Q q 0 0 0 rg BT 364.63 628.10 Td (tour ) Tj ET Q q 0 0 0 rg BT 383.42 628.10 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 400.53 628.10 Td (The ) Tj ET Q q 0 0 0 rg BT 418.21 628.10 Td (Next ) Tj ET Q q 0 0 0 rg BT 439.21 628.10 Td (Step ) Tj ET Q q 0 0 0 rg BT 459.10 628.10 Td (W) Tj ET Q q 0 0 0 rg BT 466.88 628.10 Td (ild ) Tj ET Q q 0 0 0 rg BT 480.12 628.10 Td (Rhythm ) Tj ET Q q 0 0 0 rg BT 513.34 628.10 Td (T) Tj ET Q q 0 0 0 rg BT 517.98 628.10 Td (our) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.88 628.10 Td (, ) Tj ET Q q 0 0 0 rg BT 537.05 628.10 Td (a ) Tj ET Q q 0 0 0 rg BT 544.17 628.10 Td (drop ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 616.10 Td (of ) Tj ET 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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.15 616.10 Td ( ) Tj ET Q q 0 0 0 rg BT 340.79 616.10 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 357.86 616.10 Td (The ) Tj ET Q q 0 0 0 rg BT 375.50 616.10 Td (Next ) Tj ET Q q 0 0 0 rg BT 396.46 616.10 Td (Step ) Tj ET Q q 0 0 0 rg BT 416.31 616.10 Td (Live ) Tj ET Q q 0 0 0 rg BT 436.16 616.10 Td (on ) Tj ET Q q 0 0 0 rg BT 448.80 616.10 Td (Stage) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.01 616.10 Td ( ) Tj ET Q q 0 0 0 rg BT 473.65 616.10 Td (tours ) Tj ET Q q 0 0 0 rg BT 496.29 616.10 Td (\(see ) Tj ET Q q 0 0 0 rg BT 515.02 616.10 Td ("Live ) Tj ET Q q 0 0 0 rg BT 539.87 616.10 Td (T) Tj ET Q q 0 0 0 rg BT 545.28 616.10 Td (ours ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 604.10 Td (Update" ) Tj ET Q q 0 0 0 rg BT 84.61 604.10 Td (section ) Tj ET Q q 0 0 0 rg BT 115.09 604.10 Td (for ) Tj ET Q q 0 0 0 rg BT 128.91 604.10 Td (further ) Tj ET Q q 0 0 0 rg BT 158.27 604.10 Td (details\). ) Tj ET Q q 0 0 0 rg BT 192.36 604.10 Td (Excluding ) Tj ET Q q 0 0 0 rg BT 235.62 604.10 Td (the ) Tj ET Q q 0 0 0 rg BT 249.99 604.10 Td (live ) Tj ET Q q 0 0 0 rg BT 267.14 604.10 Td (tour ) Tj ET Q q 0 0 0 rg BT 285.40 604.10 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 325.59 604.10 Td (M&L-owned ) Tj ET Q q 0 0 0 rg BT 380.52 604.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 418.21 604.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.02 604.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 458.07 604.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.07 604.10 Td ( ) Tj ET Q q 0 0 0 rg BT 480.22 604.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.80 604.10 Td (up) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.80 604.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.96 604.10 Td (5.57 ) Tj ET Q q 0 0 0 rg BT 533.61 604.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 592.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.30 592.10 Td (38%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.63 592.10 Td ( ) Tj ET Q q 0 0 0 rg BT 79.11 592.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 100.02 592.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 125.38 592.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.38 592.10 Td ( ) Tj ET Q q 0 0 0 rg BT 146.85 592.10 Td (as ) Tj ET Q q 0 0 0 rg BT 156.66 592.10 Td (the ) Tj ET Q q 0 0 0 rg BT 170.35 592.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 210.71 592.10 Td (continued ) Tj ET Q q 0 0 0 rg BT 251.62 592.10 Td (to ) Tj ET Q q 0 0 0 rg BT 260.87 592.10 Td (see ) Tj ET Q q 0 0 0 rg BT 275.11 592.10 Td (acceleration ) Tj ET Q q 0 0 0 rg BT 324.88 592.10 Td (and ) Tj ET Q q 0 0 0 rg BT 340.79 592.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 386.13 592.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 423.14 592.10 Td (related ) Tj ET Q q 0 0 0 rg BT 451.81 592.10 Td (to ) Tj ET Q q 0 0 0 rg BT 461.07 592.10 Td (non-refundable ) Tj ET Q q 0 0 0 rg BT 523.62 592.10 Td (minimum ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 580.10 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BT 453.52 580.10 Td (mid-point ) Tj ET Q q 0 0 0 rg BT 494.62 580.10 Td (of ) Tj ET Q q 0 0 0 rg BT 504.61 580.10 Td (Management's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 568.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 93.99 568.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 129.57 568.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 158.50 568.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 196.86 568.10 Td (as ) Tj ET Q q 0 0 0 rg BT 207.46 568.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 243.05 568.10 Td (in ) Tj ET Q q 0 0 0 rg BT 253.10 568.10 Td (the ) Tj ET Q q 0 0 0 rg BT 267.59 568.10 Td (Q3 ) Tj ET Q q 0 0 0 rg BT 282.08 568.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 304.35 568.10 Td (MD&A) Tj ET Q q 0 0 0 rg BT 334.91 568.10 Td ( ) Tj ET Q q 0 0 0 rg BT 337.18 568.10 Td (and ) Tj ET Q q 0 0 0 rg BT 353.89 568.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 408.36 568.10 Td (continues ) Tj ET Q q 0 0 0 rg BT 448.96 568.10 Td (to ) Tj ET Q q 0 0 0 rg BT 459.01 568.10 Td (be ) Tj ET Q q 0 0 0 rg BT 470.72 568.10 Td (pleased ) Tj ET Q q 0 0 0 rg BT 502.97 568.10 Td (with ) Tj ET Q q 0 0 0 rg BT 523.02 568.10 Td (the ) Tj ET Q q 0 0 0 rg BT 537.51 568.10 Td (strong ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 556.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 80.33 556.10 Td (in ) Tj ET Q q 0 0 0 rg BT 90.61 556.10 Td (the ) Tj ET Q q 0 0 0 rg BT 105.33 556.10 Td (non-live ) Tj ET Q q 0 0 0 rg BT 141.15 556.10 Td (tour ) Tj ET Q q 0 0 0 rg BT 159.76 556.10 Td (M&L-owned ) Tj ET Q q 0 0 0 rg BT 215.03 556.10 Td (revenues.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 67.50 538.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 77.13 538.10 Td (oducer ) Tj ET Q q 0 0 0 rg BT 106.54 538.10 Td (and ) Tj ET Q q 0 0 0 rg BT 123.18 538.10 Td (service ) Tj ET Q q 0 0 0 rg BT 153.13 538.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 166.43 538.10 Td (r) Tj ET Q q 0 0 0 rg BT 169.95 538.10 Td (evenues: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.57 538.10 Td (For ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.10 538.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 247.63 538.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.63 538.10 Td (, ) Tj ET Q q 0 0 0 rg BT 271.77 538.10 Td (the ) Tj ET Q q 0 0 0 rg BT 285.63 538.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 326.15 538.10 Td (earned ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.44 538.10 Td ($48.95 ) Tj ET Q q 0 0 0 rg BT 383.58 538.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.47 538.10 Td ( ) Tj ET Q q 0 0 0 rg BT 414.11 538.10 Td (for ) Tj ET Q q 0 0 0 rg BT 427.41 538.10 Td (producer ) Tj ET Q q 0 0 0 rg BT 464.59 538.10 Td (and ) Tj ET Q q 0 0 0 rg BT 480.67 538.10 Td (service ) Tj ET Q q 0 0 0 rg BT 510.63 538.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 524.47 538.10 Td (revenues, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 526.10 Td (an ) Tj ET Q q 0 0 0 rg BT 60.96 526.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 95.75 526.10 Td (of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.08 526.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.10 526.10 Td (50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.43 526.10 Td ( ) Tj ET Q q 0 0 0 rg BT 126.46 526.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.79 526.10 Td (35%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.12 526.10 Td ( ) Tj ET Q q 0 0 0 rg BT 150.14 526.10 Td (or) Tj ET Q q 0 0 0 rg BT 158.29 526.10 Td (ganic ) Tj ET Q q 0 0 0 rg BT 181.98 526.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.44 526.10 Td (15%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.77 526.10 Td ( ) Tj ET Q q 0 0 0 rg BT 218.80 526.10 Td (acquisitive\) ) Tj ET Q q 0 0 0 rg BT 267.47 526.10 Td (versus ) Tj ET Q q 0 0 0 rg BT 295.05 526.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.29 526.10 Td ($32.61 ) Tj ET Q q 0 0 0 rg BT 338.82 526.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.71 526.10 Td ( ) Tj ET Q q 0 0 0 rg BT 369.74 526.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.43 526.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 409.34 526.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.34 526.10 Td (, ) Tj ET Q q 0 0 0 rg BT 433.87 526.10 Td (and ) Tj ET Q q 0 0 0 rg BT 450.33 526.10 Td (slightly ) Tj ET Q q 0 0 0 rg BT 482.36 526.10 Td (below ) Tj ET Q q 0 0 0 rg BT 508.83 526.10 Td (the ) Tj ET Q q 0 0 0 rg BT 523.07 526.10 Td (mid-point ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 514.10 Td (of ) Tj ET Q q 0 0 0 rg BT 59.11 514.10 Td (Management's ) Tj ET Q q 0 0 0 rg BT 118.29 514.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 161.78 514.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 196.38 514.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 224.32 514.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 261.69 514.10 Td (as ) Tj ET Q q 0 0 0 rg BT 271.30 514.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 305.90 514.10 Td (in ) Tj ET Q q 0 0 0 rg BT 314.96 514.10 Td (the ) Tj ET Q q 0 0 0 rg BT 328.46 514.10 Td (Q3 ) Tj ET Q q 0 0 0 rg BT 341.96 514.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 363.24 514.10 Td (MD&A. ) Tj ET Q q 0 0 0 rg BT 398.04 514.10 Td (This ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.10 514.10 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.85 514.10 Td ( ) Tj ET Q q 0 0 0 rg BT 451.13 514.10 Td (was ) Tj ET Q q 0 0 0 rg BT 467.97 514.10 Td (a ) Tj ET Q q 0 0 0 rg BT 473.69 514.10 Td (result ) Tj ET Q q 0 0 0 rg BT 497.18 514.10 Td (of ) Tj ET Q q 0 0 0 rg BT 506.79 514.10 Td (a ) Tj ET Q q 0 0 0 rg BT 512.51 514.10 Td (combination ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 502.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.33 502.10 Td (continued ) Tj ET Q q 0 0 0 rg BT 102.26 502.10 Td (strong ) Tj ET Q q 0 0 0 rg BT 129.76 502.10 Td (global ) Tj ET Q q 0 0 0 rg BT 157.26 502.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 191.41 502.10 Td (for ) Tj ET Q q 0 0 0 rg BT 205.57 502.10 Td (children's ) Tj ET Q q 0 0 0 rg BT 246.53 502.10 Td (content ) Tj ET Q q 0 0 0 rg BT 278.46 502.10 Td (and ) Tj ET Q q 0 0 0 rg BT 295.40 502.10 Td (the ) Tj ET Q q 0 0 0 rg BT 310.12 502.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 356.50 502.10 Td (of ) Tj ET Q q 0 0 0 rg BT 367.33 502.10 Td (Nerd ) Tj ET Q q 0 0 0 rg BT 389.82 502.10 Td (Corps. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 67.50 484.10 Td (New ) Tj ET Q q 0 0 0 rg BT 87.78 484.10 Td (media ) Tj ET Q q 0 0 0 rg BT 114.71 484.10 Td (and ) Tj ET Q q 0 0 0 rg BT 132.21 484.10 Td (r) Tj ET Q q 0 0 0 rg BT 135.73 484.10 Td (ental ) Tj ET Q q 0 0 0 rg BT 158.23 484.10 Td (r) Tj ET Q q 0 0 0 rg BT 161.75 484.10 Td (evenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.39 484.10 Td (: ) Tj ET Q q 0 0 0 rg BT 198.67 484.10 Td (For ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.06 484.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 241.45 484.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.45 484.10 Td (, ) Tj ET Q q 0 0 0 rg BT 266.45 484.10 Td (new ) Tj ET Q q 0 0 0 rg BT 285.61 484.10 Td (media ) Tj ET Q q 0 0 0 rg BT 312.54 484.10 Td (revenues ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.58 484.10 Td (decreased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.99 484.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.49 484.10 Td (39%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.82 484.10 Td ( ) Tj ET Q q 0 0 0 rg BT 413.32 484.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.65 484.10 Td (\(31\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.64 484.10 Td ( ) Tj ET Q q 0 0 0 rg BT 444.14 484.10 Td (or) Tj ET Q q 0 0 0 rg BT 452.29 484.10 Td (ganic ) Tj ET Q q 0 0 0 rg BT 476.44 484.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.38 484.10 Td (\(8\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.37 484.10 Td ( ) Tj ET Q q 0 0 0 rg BT 515.87 484.10 Td (acquisitive\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 472.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.78 472.10 Td ($3.10 ) Tj ET Q q 0 0 0 rg BT 84.78 472.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.67 472.10 Td ( ) Tj ET Q q 0 0 0 rg BT 116.17 472.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 119.50 472.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 145.89 472.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.89 472.10 Td (-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.22 472.10 Td ($5.1) Tj ET Q q 0 0 0 rg BT 186.35 472.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 193.85 472.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.74 472.10 Td (\) ) Tj ET Q q 0 0 0 rg BT 228.57 472.10 Td (based ) Tj ET Q q 0 0 0 rg BT 253.84 472.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 293.55 472.10 Td (on ) Tj ET Q q 0 0 0 rg BT 306.05 472.10 Td (apps, ) Tj ET Q q 0 0 0 rg BT 329.38 472.10 Td (games, ) Tj ET Q q 0 0 0 rg BT 359.92 472.10 Td (and ) Tj ET Q q 0 0 0 rg BT 376.86 472.10 Td (the ) Tj ET Q q 0 0 0 rg BT 391.58 472.10 Td (final ) Tj ET Q q 0 0 0 rg BT 412.41 472.10 Td (UMIGO ) Tj ET Q q 0 0 0 rg BT 448.79 472.10 Td (deliverables.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 67.50 454.10 Td (T) Tj ET Q q 0 0 0 rg BT 72.14 454.10 Td (elevision ) Tj ET Q q 0 0 0 rg BT 110.45 454.10 Td (r) Tj ET Q q 0 0 0 rg BT 113.97 454.10 Td (evenues: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.70 454.10 Td (For ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.35 454.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 195.00 454.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.00 454.10 Td (, ) Tj ET Q q 0 0 0 rg BT 220.26 454.10 Td (television ) Tj ET Q q 0 0 0 rg BT 261.90 454.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 300.20 454.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.39 454.10 Td ($69.13 ) Tj ET Q q 0 0 0 rg BT 352.65 454.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.54 454.10 Td ( ) Tj ET Q q 0 0 0 rg BT 384.30 454.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 426.49 454.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.02 454.10 Td ($76.18 ) Tj ET Q q 0 0 0 rg BT 467.28 454.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.18 454.10 Td ( ) Tj ET Q q 0 0 0 rg BT 498.94 454.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.36 454.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 540.00 454.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.00 454.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 442.10 Td (which ) Tj ET Q q 0 0 0 rg BT 76.99 442.10 Td (included ) Tj ET Q q 0 0 0 rg BT 114.48 442.10 Td (the ) Tj ET Q q 0 0 0 rg BT 129.74 442.10 Td (1) Tj ET Q q 0 0 0 rg BT 134.37 442.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 142.42 442.10 Td (month ) Tj ET Q q 0 0 0 rg BT 171.03 442.10 Td (period ) Tj ET Q q 0 0 0 rg BT 199.63 442.10 Td (from ) Tj ET Q q 0 0 0 rg BT 222.12 442.10 Td (July ) Tj ET Q q 0 0 0 rg BT 241.84 442.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 257.40 442.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 280.45 442.10 Td (through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.61 442.10 Td (June ) Tj ET Q q 0 0 0 rg BT 335.99 442.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 351.54 442.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.54 442.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.09 442.10 Td (an ) Tj ET Q q 0 0 0 rg BT 389.58 442.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 416.51 442.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 453.97 442.10 Td (of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.30 442.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.35 442.10 Td (9%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.68 442.10 Td ( ) Tj ET Q q 0 0 0 rg BT 481.74 442.10 Td (and ) Tj ET Q q 0 0 0 rg BT 499.23 442.10 Td (a ) Tj ET Q q 0 0 0 rg BT 506.72 442.10 Td (17% ) Tj ET Q q 0 0 0 rg BT 528.10 442.10 Td (decrease ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 430.10 Td (based ) Tj ET Q q 0 0 0 rg BT 74.23 430.10 Td (on ) Tj ET Q q 0 0 0 rg BT 86.19 430.10 Td (number ) Tj ET Q q 0 0 0 rg BT 118.70 430.10 Td (of ) Tj ET Q q 0 0 0 rg BT 129.00 430.10 Td (days. ) Tj ET Q q 0 0 0 rg BT 151.65 430.10 Td (The ) Tj ET Q q 0 0 0 rg BT 169.16 430.10 Td (decline ) Tj ET Q q 0 0 0 rg BT 199.99 430.10 Td (in ) Tj ET Q q 0 0 0 rg BT 209.73 430.10 Td (the ) Tj ET Q q 0 0 0 rg BT 223.91 430.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 261.41 430.10 Td (has ) Tj ET Q q 0 0 0 rg BT 276.71 430.10 Td (been ) Tj ET Q q 0 0 0 rg BT 297.55 430.10 Td (driven ) Tj ET Q q 0 0 0 rg BT 325.06 430.10 Td (by ) Tj ET Q q 0 0 0 rg BT 337.02 430.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 361.75 430.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 382.59 430.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 419.55 430.10 Td (from ) Tj ET Q q 0 0 0 rg BT 440.95 430.10 Td (the ) Tj ET Q q 0 0 0 rg BT 455.13 430.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 501.67 430.10 Td (transition ) Tj ET Q q 0 0 0 rg BT 541.41 430.10 Td (away ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 418.10 Td (from ) Tj ET Q q 0 0 0 rg BT 71.10 418.10 Td (its ) Tj ET Q q 0 0 0 rg BT 82.72 418.10 Td (content ) Tj ET Q q 0 0 0 rg BT 114.32 418.10 Td (supply ) Tj ET Q q 0 0 0 rg BT 143.15 418.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 186.96 418.10 Td (with ) Tj ET Q q 0 0 0 rg BT 206.90 418.10 Td (the ) Tj ET Q q 0 0 0 rg BT 221.13 418.10 Td (W) Tj ET Q q 0 0 0 rg BT 229.77 418.10 Td (alt ) Tj ET Q q 0 0 0 rg BT 241.93 418.10 Td (Disney ) Tj ET Q q 0 0 0 rg BT 272.42 418.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 313.47 418.10 Td (\(") Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 320.89 418.10 Td (Disney) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.78 418.10 Td ("\) ) Tj ET Q q 0 0 0 rg BT 359.36 418.10 Td (and ) Tj ET Q q 0 0 0 rg BT 375.96 418.10 Td (the ) Tj ET Q q 0 0 0 rg BT 390.34 418.10 Td (rebranding ) Tj ET Q q 0 0 0 rg BT 435.82 418.10 Td (strategy ) Tj ET Q q 0 0 0 rg BT 469.64 418.10 Td (launched ) Tj ET Q q 0 0 0 rg BT 507.90 418.10 Td (in ) Tj ET Q q 0 0 0 rg BT 517.85 418.10 Td (early ) Tj ET Q q 0 0 0 rg BT 540.00 418.10 Td (2015. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 406.10 Td (Approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.25 406.10 Td (89%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.58 406.10 Td ( ) Tj ET Q q 0 0 0 rg BT 134.79 406.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.33 406.10 Td ($61.22 ) Tj ET Q q 0 0 0 rg BT 177.03 406.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.93 406.10 Td ( ) Tj ET Q q 0 0 0 rg BT 209.13 406.10 Td (of ) Tj ET Q q 0 0 0 rg BT 220.67 406.10 Td (the ) Tj ET Q q 0 0 0 rg BT 236.10 406.10 Td (television ) Tj ET Q q 0 0 0 rg BT 278.19 406.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 316.93 406.10 Td (were ) Tj ET Q q 0 0 0 rg BT 339.57 406.10 Td (subscriber ) Tj ET Q q 0 0 0 rg BT 383.88 406.10 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 425.12 406.10 Td (while ) Tj ET Q q 0 0 0 rg BT 450.54 406.10 Td (advertising, ) Tj ET Q q 0 0 0 rg BT 500.69 406.10 Td (promotion, ) Tj ET Q q 0 0 0 rg BT 548.06 406.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 394.10 Td (digital ) Tj ET Q q 0 0 0 rg BT 77.55 394.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 115.59 394.10 Td (accounted ) Tj ET Q q 0 0 0 rg BT 158.62 394.10 Td (for ) Tj ET Q q 0 0 0 rg BT 172.78 394.10 Td (a ) Tj ET Q q 0 0 0 rg BT 179.72 394.10 Td (combined ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.65 394.10 Td (1) Tj ET Q q 0 0 0 rg BT 226.28 394.10 Td (1%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.61 394.10 Td ( ) Tj ET Q q 0 0 0 rg BT 242.11 394.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.94 394.10 Td ($7.92 ) Tj ET Q q 0 0 0 rg BT 277.94 394.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.83 394.10 Td ( ) Tj ET Q q 0 0 0 rg BT 309.33 394.10 Td (of ) Tj ET Q q 0 0 0 rg BT 320.16 394.10 Td (the ) Tj ET Q q 0 0 0 rg BT 334.88 394.10 Td (total ) Tj ET Q q 0 0 0 rg BT 355.15 394.10 Td (television ) Tj ET Q q 0 0 0 rg BT 396.54 394.10 Td (revenues. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 67.50 376.10 Td (M&L-r) Tj ET Q q 0 0 0 rg BT 96.02 376.10 Td (epr) Tj ET Q q 0 0 0 rg BT 108.98 376.10 Td (esented ) Tj ET Q q 0 0 0 rg BT 141.96 376.10 Td (r) Tj ET Q q 0 0 0 rg BT 145.48 376.10 Td (evenues: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.46 376.10 Td (For ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.35 376.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 227.23 376.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.23 376.10 Td (, ) Tj ET Q q 0 0 0 rg BT 252.73 376.10 Td (M&L-represented ) Tj ET Q q 0 0 0 rg BT 327.92 376.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 362.56 376.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.11 376.10 Td ($28.77 ) Tj ET Q q 0 0 0 rg BT 411.61 376.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.50 376.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.50 376.10 Td (up) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.50 376.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.50 376.10 Td (100%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.83 376.10 Td ( ) Tj ET Q q 0 0 0 rg BT 482.83 376.10 Td (\(all ) Tj ET Q q 0 0 0 rg BT 499.15 376.10 Td (or) Tj ET Q q 0 0 0 rg BT 507.30 376.10 Td (ganic\) ) Tj ET Q q 0 0 0 rg BT 535.28 376.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.61 376.10 Td (Fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 364.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 364.10 Td (-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.83 364.10 Td ($14.35 ) Tj ET Q q 0 0 0 rg BT 102.52 364.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.41 364.10 Td (\) ) Tj ET Q q 0 0 0 rg BT 136.92 364.10 Td (and ) Tj ET Q q 0 0 0 rg BT 153.55 364.10 Td (above ) Tj ET Q q 0 0 0 rg BT 179.61 364.10 Td (the ) Tj ET Q q 0 0 0 rg BT 194.02 364.10 Td (mid-point ) Tj ET Q q 0 0 0 rg BT 235.65 364.10 Td (of ) Tj ET Q q 0 0 0 rg BT 246.16 364.10 Td (Management's ) Tj ET Q q 0 0 0 rg BT 306.25 364.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 350.65 364.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 390.59 364.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 419.43 364.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 457.71 364.10 Td (as ) Tj ET Q q 0 0 0 rg BT 468.23 364.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 503.73 364.10 Td (in ) Tj ET Q q 0 0 0 rg BT 513.69 364.10 Td (the ) Tj ET Q q 0 0 0 rg BT 528.10 364.10 Td (Q3 ) Tj ET Q q 0 0 0 rg BT 542.51 364.10 Td (2016 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 352.10 Td (MD&A, ) Tj ET Q q 0 0 0 rg BT 84.90 352.10 Td (driven ) Tj ET Q q 0 0 0 rg BT 112.24 352.10 Td (mainly ) Tj ET Q q 0 0 0 rg BT 141.80 352.10 Td (by ) Tj ET Q q 0 0 0 rg BT 153.59 352.10 Td (the ) Tj ET Q q 0 0 0 rg BT 167.59 352.10 Td (exceptional ) Tj ET Q q 0 0 0 rg BT 215.47 352.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 267.78 352.10 Td (of ) Tj ET Q q 0 0 0 rg BT 277.90 352.10 Td (our ) Tj ET Q q 0 0 0 rg BT 293.02 352.10 Td (represented ) Tj ET Q q 0 0 0 rg BT 340.89 352.10 Td (brands ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 369.34 352.10 Td (Despicable ) Tj ET Q q 0 0 0 rg BT 416.11 352.10 Td (Me) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.88 352.10 Td ( ) Tj ET Q q 0 0 0 rg BT 430.67 352.10 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 446.90 352.10 Td (Minions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.47 352.10 Td (in ) Tj ET Q q 0 0 0 rg BT 491.03 352.10 Td (several ) Tj ET Q q 0 0 0 rg BT 521.14 352.10 Td (territories, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 340.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.98 340.10 Td (also ) Tj ET Q q 0 0 0 rg BT 86.13 340.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 131.38 340.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 162.75 340.10 Td (in ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 173.56 340.10 Td (Sesame ) Tj ET Q q 0 0 0 rg BT 206.59 340.10 Td (Str) Tj ET Q q 0 0 0 rg BT 217.89 340.10 Td (eet) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.55 340.10 Td (, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 235.09 340.10 Td (Dora ) Tj ET Q q 0 0 0 rg BT 259.24 340.10 Td (the ) Tj ET Q q 0 0 0 rg BT 274.50 340.10 Td (Explor) Tj ET Q q 0 0 0 rg BT 301.34 340.10 Td (er) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.67 340.10 Td (, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 315.21 340.10 Td (The ) Tj ET Q q 0 0 0 rg BT 333.25 340.10 Td (Pink ) Tj ET Q q 0 0 0 rg BT 354.62 340.10 Td (Panther) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.83 340.10 Td (, ) Tj ET Q q 0 0 0 rg BT 392.37 340.10 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 409.85 340.10 Td (Jurassic ) Tj ET Q q 0 0 0 rg BT 446.22 340.10 Td (W) Tj ET Q q 0 0 0 rg BT 453.63 340.10 Td (orld) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.30 340.10 Td (. ) Tj ET Q q 0 0 0 rg BT 475.62 340.10 Td (The ) Tj ET Q q 0 0 0 rg BT 494.21 340.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 517.25 340.10 Td (results ) Tj ET Q q 0 0 0 rg BT 546.40 340.10 Td (also ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 328.10 Td (benefited ) Tj ET Q q 0 0 0 rg BT 89.55 328.10 Td (somewhat ) Tj ET Q q 0 0 0 rg BT 132.94 328.10 Td (from ) Tj ET Q q 0 0 0 rg BT 155.22 328.10 Td (weakness ) Tj ET Q q 0 0 0 rg BT 196.38 328.10 Td (in ) Tj ET Q q 0 0 0 rg BT 207.01 328.10 Td (the ) Tj ET Q q 0 0 0 rg BT 222.07 328.10 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 262.68 328.10 Td (dollar ) Tj ET Q q 0 0 0 rg BT 288.85 328.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 331.11 328.10 Td (to ) Tj ET Q q 0 0 0 rg BT 341.74 328.10 Td (the ) Tj ET Q q 0 0 0 rg BT 356.80 328.10 Td (GBP) Tj ET Q q 0 0 0 rg BT 375.14 328.10 Td (, ) Tj ET Q q 0 0 0 rg BT 380.49 328.10 Td (although ) Tj ET Q q 0 0 0 rg BT 418.33 328.10 Td (that ) Tj ET Q q 0 0 0 rg BT 436.17 328.10 Td (trend ) Tj ET Q q 0 0 0 rg BT 459.56 328.10 Td (reversed ) Tj ET Q q 0 0 0 rg BT 496.27 328.10 Td (somewhat ) Tj ET Q q 0 0 0 rg BT 539.66 328.10 Td (in ) Tj ET Q q 0 0 0 rg BT 550.28 328.10 Td (Q4 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 316.10 Td (2016. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 298.10 Td (Gross ) Tj ET Q q 0 0 0 rg BT 75.90 298.10 Td (Margin) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 107.02 298.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 280.10 Td (Gross ) Tj ET Q q 0 0 0 rg BT 93.96 280.10 Td (mar) Tj ET Q q 0 0 0 rg BT 109.33 280.10 Td (gin ) Tj ET Q q 0 0 0 rg BT 125.24 280.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.03 280.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 167.04 280.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.04 280.10 Td ( ) Tj ET Q q 0 0 0 rg BT 190.17 280.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.85 280.10 Td ($173.32 ) Tj ET Q q 0 0 0 rg BT 244.48 280.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.37 280.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.00 280.10 Td (an ) Tj ET Q q 0 0 0 rg BT 291.57 280.10 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.32 280.10 Td ( ) Tj ET Q q 0 0 0 rg BT 327.45 280.10 Td (in ) Tj ET Q q 0 0 0 rg BT 338.36 280.10 Td (absolute ) Tj ET Q q 0 0 0 rg BT 374.81 280.10 Td (dollars ) Tj ET Q q 0 0 0 rg BT 405.16 280.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.62 280.10 Td ($28.28 ) Tj ET Q q 0 0 0 rg BT 447.25 280.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.14 280.10 Td ( ) Tj ET Q q 0 0 0 rg BT 479.27 280.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.73 280.10 Td (19%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.06 280.10 Td ( ) Tj ET Q q 0 0 0 rg BT 512.18 280.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 554.74 280.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 268.10 Td ($145.04 ) Tj ET Q q 0 0 0 rg BT 84.09 268.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.99 268.10 Td ( ) Tj ET Q q 0 0 0 rg BT 115.08 268.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.84 268.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 154.82 268.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.82 268.10 Td (. ) Tj ET Q q 0 0 0 rg BT 179.26 268.10 Td (The ) Tj ET Q q 0 0 0 rg BT 196.90 268.10 Td (overall ) Tj ET Q q 0 0 0 rg BT 226.76 268.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 249.97 268.10 Td (mar) Tj ET Q q 0 0 0 rg BT 265.33 268.10 Td (gin ) Tj ET Q q 0 0 0 rg BT 280.21 268.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.96 268.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 319.94 268.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.94 268.10 Td ( ) Tj ET Q q 0 0 0 rg BT 342.04 268.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.35 268.10 Td (57%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.68 268.10 Td ( ) Tj ET Q q 0 0 0 rg BT 371.78 268.10 Td (of ) Tj ET Q q 0 0 0 rg BT 382.20 268.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 415.94 268.10 Td (was ) Tj ET Q q 0 0 0 rg BT 433.59 268.10 Td (just ) Tj ET Q q 0 0 0 rg BT 450.13 268.10 Td (slightly ) Tj ET Q q 0 0 0 rg BT 482.23 268.10 Td (below ) Tj ET Q q 0 0 0 rg BT 508.76 268.10 Td (the ) Tj ET Q q 0 0 0 rg BT 523.07 268.10 Td (mid-point ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 256.10 Td (of ) Tj ET Q q 0 0 0 rg BT 59.15 256.10 Td (Management's ) Tj ET Q q 0 0 0 rg BT 118.38 256.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 161.92 256.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 196.56 256.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 224.54 256.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 261.96 256.10 Td (as ) Tj ET Q q 0 0 0 rg BT 271.61 256.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 306.25 256.10 Td (in ) Tj ET Q q 0 0 0 rg BT 315.35 256.10 Td (the ) Tj ET Q q 0 0 0 rg BT 328.89 256.10 Td (Q3 ) Tj ET Q q 0 0 0 rg BT 342.44 256.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 363.77 256.10 Td (MD&A, ) Tj ET Q q 0 0 0 rg BT 398.70 256.10 Td (driven ) Tj ET Q q 0 0 0 rg BT 425.58 256.10 Td (by ) Tj ET Q q 0 0 0 rg BT 436.90 256.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 460.99 256.10 Td (than ) Tj ET Q q 0 0 0 rg BT 479.53 256.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 516.39 256.10 Td (distribution ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 244.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 73.47 244.10 Td (mar) Tj ET Q q 0 0 0 rg BT 88.84 244.10 Td (gins ) Tj ET Q q 0 0 0 rg BT 108.36 244.10 Td (and ) Tj ET Q q 0 0 0 rg BT 125.66 244.10 Td (slightly ) Tj ET Q q 0 0 0 rg BT 158.52 244.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 184.14 244.10 Td (than ) Tj ET Q q 0 0 0 rg BT 204.22 244.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 242.61 244.10 Td (M&L-owned ) Tj ET Q q 0 0 0 rg BT 298.23 244.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 322.20 244.10 Td (mar) Tj ET Q q 0 0 0 rg BT 337.57 244.10 Td (gins, ) Tj ET Q q 0 0 0 rg BT 359.59 244.10 Td (of) Tj ET Q q 0 0 0 rg BT 367.74 244.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 385.04 244.10 Td (by ) Tj ET Q q 0 0 0 rg BT 397.89 244.10 Td (stronger ) Tj ET Q q 0 0 0 rg BT 433.52 244.10 Td (than ) Tj ET Q q 0 0 0 rg BT 453.59 244.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 491.98 244.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 515.95 244.10 Td (mar) Tj ET Q q 0 0 0 rg BT 531.32 244.10 Td (gins ) Tj ET Q q 0 0 0 rg BT 550.84 244.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 232.10 Td (DHX ) Tj ET Q q 0 0 0 rg BT 72.74 232.10 Td (T) Tj ET Q q 0 0 0 rg BT 78.15 232.10 Td (elevision, ) Tj ET Q q 0 0 0 rg BT 118.45 232.10 Td (slightly ) Tj ET Q q 0 0 0 rg BT 150.16 232.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 177.40 232.10 Td (than ) Tj ET Q q 0 0 0 rg BT 196.32 232.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 233.55 232.10 Td (proprietary ) Tj ET Q q 0 0 0 rg BT 279.67 232.10 Td (production ) Tj ET Q q 0 0 0 rg BT 324.69 232.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 347.50 232.10 Td (mar) Tj ET Q q 0 0 0 rg BT 362.87 232.10 Td (gins, ) Tj ET Q q 0 0 0 rg BT 383.74 232.10 Td (and ) Tj ET Q q 0 0 0 rg BT 399.87 232.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 427.12 232.10 Td (than ) Tj ET Q q 0 0 0 rg BT 446.03 232.10 Td (expected, ) Tj ET Q q 0 0 0 rg BT 485.76 232.10 Td (in ) Tj ET Q q 0 0 0 rg BT 495.24 232.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 519.16 232.10 Td (of ) Tj ET Q q 0 0 0 rg BT 529.18 232.10 Td (absolute ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 220.10 Td (dollars, ) Tj ET Q q 0 0 0 rg BT 82.13 220.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 106.17 220.10 Td (mar) Tj ET Q q 0 0 0 rg BT 121.53 220.10 Td (gins ) Tj ET Q q 0 0 0 rg BT 141.12 220.10 Td (for ) Tj ET Q q 0 0 0 rg BT 155.70 220.10 Td (M&L-represented. ) Tj ET Q q 0 0 0 rg BT 233.31 220.10 Td (Gross ) Tj ET Q q 0 0 0 rg BT 259.56 220.10 Td (mar) Tj ET Q q 0 0 0 rg BT 274.92 220.10 Td (gin ) Tj ET Q q 0 0 0 rg BT 290.62 220.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.20 220.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 332.00 220.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.00 220.10 Td ( ) Tj ET Q q 0 0 0 rg BT 354.92 220.10 Td (was ) Tj ET Q q 0 0 0 rg BT 373.39 220.10 Td (calculated ) Tj ET Q q 0 0 0 rg BT 416.83 220.10 Td (as ) Tj ET Q q 0 0 0 rg BT 428.08 220.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 466.54 220.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.78 220.10 Td ($304.82 ) Tj ET Q q 0 0 0 rg BT 513.20 220.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.09 220.10 Td (, ) Tj ET Q q 0 0 0 rg BT 547.51 220.10 Td (less ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 208.10 Td (direct ) Tj ET Q q 0 0 0 rg BT 74.42 208.10 Td (production ) Tj ET Q q 0 0 0 rg BT 119.90 208.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 142.06 208.10 Td (and ) Tj ET Q q 0 0 0 rg BT 158.65 208.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 193.01 208.10 Td (of ) Tj ET Q q 0 0 0 rg BT 203.50 208.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 249.54 208.10 Td (in ) Tj ET Q q 0 0 0 rg BT 259.47 208.10 Td (film ) Tj ET Q q 0 0 0 rg BT 278.29 208.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.78 208.10 Td ($126.99 ) Tj ET Q q 0 0 0 rg BT 323.43 208.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.32 208.10 Td ( ) Tj ET Q q 0 0 0 rg BT 354.48 208.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.07 208.10 Td ($4.51 ) Tj ET Q q 0 0 0 rg BT 395.73 208.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.62 208.10 Td ( ) Tj ET Q q 0 0 0 rg BT 426.78 208.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 461.14 208.10 Td (of ) Tj ET Q q 0 0 0 rg BT 471.63 208.10 Td (book ) Tj ET Q q 0 0 0 rg BT 493.78 208.10 Td (value ) Tj ET Q q 0 0 0 rg BT 517.59 208.10 Td (of ) Tj ET Q q 0 0 0 rg BT 528.08 208.10 Td (acquired ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 196.10 Td (libraries, ) Tj ET Q q 0 0 0 rg BT 87.26 196.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.59 196.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 116.98 196.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.98 196.10 Td (-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.31 196.10 Td ($264.04 ) Tj ET Q q 0 0 0 rg BT 175.31 196.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.20 196.10 Td ( ) Tj ET Q q 0 0 0 rg BT 206.70 196.10 Td (less ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.20 196.10 Td ($1) Tj ET Q q 0 0 0 rg BT 233.83 196.10 Td (16.13 ) Tj ET Q q 0 0 0 rg BT 258.83 196.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.72 196.10 Td ( ) Tj ET Q q 0 0 0 rg BT 290.22 196.10 Td (and ) Tj ET Q q 0 0 0 rg BT 307.16 196.10 Td (less ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.66 196.10 Td ($2.87 ) Tj ET Q q 0 0 0 rg BT 349.66 196.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.55 196.10 Td (, ) Tj ET Q q 0 0 0 rg BT 383.55 196.10 Td (respectively\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 178.10 Td (For ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.91 178.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 112.32 178.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.32 178.10 Td (, ) Tj ET Q q 0 0 0 rg BT 138.34 178.10 Td (the ) Tj ET Q q 0 0 0 rg BT 154.08 178.10 Td (mar) Tj ET Q q 0 0 0 rg BT 169.45 178.10 Td (gins ) Tj ET Q q 0 0 0 rg BT 189.64 178.10 Td (for ) Tj ET Q q 0 0 0 rg BT 204.82 178.10 Td (each ) Tj ET Q q 0 0 0 rg BT 226.66 178.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 261.83 178.10 Td (category ) Tj ET Q q 0 0 0 rg BT 299.77 178.10 Td (in ) Tj ET Q q 0 0 0 rg BT 311.07 178.10 Td (absolute ) Tj ET Q q 0 0 0 rg BT 347.92 178.10 Td (dollars ) Tj ET Q q 0 0 0 rg BT 378.66 178.10 Td (and ) Tj ET Q q 0 0 0 rg BT 396.62 178.10 Td (as ) Tj ET Q q 0 0 0 rg BT 408.47 178.10 Td (a ) Tj ET Q q 0 0 0 rg BT 416.43 178.10 Td (mar) Tj ET Q q 0 0 0 rg BT 431.80 178.10 Td (gin ) Tj ET Q q 0 0 0 rg BT 448.10 178.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 494.92 178.10 Td (were ) Tj ET Q q 0 0 0 rg BT 517.87 178.10 Td (as ) Tj ET Q q 0 0 0 rg BT 529.73 178.10 Td (follows: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 166.10 Td (production ) Tj ET Q q 0 0 0 rg BT 95.96 166.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 130.75 166.10 Td (mar) Tj ET Q q 0 0 0 rg BT 146.11 166.10 Td (gin ) Tj ET Q q 0 0 0 rg BT 162.03 166.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.50 166.10 Td ($15.09 ) Tj ET Q q 0 0 0 rg BT 204.14 166.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.03 166.10 Td ( ) Tj ET Q q 0 0 0 rg BT 236.17 166.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.64 166.10 Td (35%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.97 166.10 Td (, ) Tj ET Q q 0 0 0 rg BT 271.61 166.10 Td (net ) Tj ET Q q 0 0 0 rg BT 286.96 166.10 Td (producer ) Tj ET Q q 0 0 0 rg BT 325.64 166.10 Td (and ) Tj ET Q q 0 0 0 rg BT 343.21 166.10 Td (service ) Tj ET Q q 0 0 0 rg BT 374.67 166.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 390.01 166.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 424.80 166.10 Td (mar) Tj ET Q q 0 0 0 rg BT 440.17 166.10 Td (gin ) Tj ET Q q 0 0 0 rg BT 456.08 166.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.55 166.10 Td ($20.55 ) Tj ET Q q 0 0 0 rg BT 498.19 166.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.08 166.10 Td ( ) Tj ET Q q 0 0 0 rg BT 530.22 166.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.69 166.10 Td (42%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.02 166.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 154.10 Td (distribution ) Tj ET Q q 0 0 0 rg BT 97.85 154.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 131.73 154.10 Td (mar) Tj ET Q q 0 0 0 rg BT 147.09 154.10 Td (gin ) Tj ET Q q 0 0 0 rg BT 162.10 154.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.67 154.10 Td ($47.26 ) Tj ET Q q 0 0 0 rg BT 202.40 154.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.29 154.10 Td ( ) Tj ET Q q 0 0 0 rg BT 233.53 154.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.09 154.10 Td (55%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.42 154.10 Td ( ) Tj ET Q q 0 0 0 rg BT 264.66 154.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.99 154.10 Td ($34.38 ) Tj ET Q q 0 0 0 rg BT 297.72 154.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.61 154.10 Td ( ) Tj ET Q q 0 0 0 rg BT 328.85 154.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.41 154.10 Td (40%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.74 154.10 Td ( ) Tj ET Q q 0 0 0 rg BT 359.97 154.10 Td (when ) Tj ET Q q 0 0 0 rg BT 383.87 154.10 Td (the ) Tj ET Q q 0 0 0 rg BT 398.32 154.10 Td (remaining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.09 154.10 Td ($12.88 ) Tj ET Q q 0 0 0 rg BT 470.83 154.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.72 154.10 Td ( ) Tj ET Q q 0 0 0 rg BT 501.95 154.10 Td (for ) Tj ET Q q 0 0 0 rg BT 515.85 154.10 Td (the ) Tj ET Q q 0 0 0 rg BT 530.30 154.10 Td (expense ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 142.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.59 142.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 97.77 142.10 Td (libraries ) Tj ET Q q 0 0 0 rg BT 133.30 142.10 Td (below ) Tj ET Q q 0 0 0 rg BT 160.50 142.10 Td (the ) Tj ET Q q 0 0 0 rg BT 175.47 142.10 Td (line ) Tj ET Q q 0 0 0 rg BT 193.23 142.10 Td (is ) Tj ET Q q 0 0 0 rg BT 202.66 142.10 Td (considered\), ) Tj ET Q q 0 0 0 rg BT 254.57 142.10 Td (M&L-owned ) Tj ET Q q 0 0 0 rg BT 310.09 142.10 Td (mar) Tj ET Q q 0 0 0 rg BT 325.46 142.10 Td (gin ) Tj ET Q q 0 0 0 rg BT 341.00 142.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.31 142.10 Td ($14.36 ) Tj ET Q q 0 0 0 rg BT 389.57 142.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.46 142.10 Td ( ) Tj ET Q q 0 0 0 rg BT 421.22 142.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.31 142.10 Td (57%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.64 142.10 Td (, ) Tj ET Q q 0 0 0 rg BT 455.90 142.10 Td (M&L-represented ) Tj ET Q q 0 0 0 rg BT 530.86 142.10 Td (revenue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 130.10 Td (mar) Tj ET Q q 0 0 0 rg BT 64.87 130.10 Td (gin ) Tj ET Q q 0 0 0 rg BT 80.48 130.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.87 130.10 Td ($28.77 ) Tj ET Q q 0 0 0 rg BT 129.21 130.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.10 130.10 Td ( ) Tj ET Q q 0 0 0 rg BT 160.94 130.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.11 130.10 Td (100%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.44 130.10 Td (, ) Tj ET Q q 0 0 0 rg BT 200.78 130.10 Td (and ) Tj ET Q q 0 0 0 rg BT 218.06 130.10 Td (new ) Tj ET Q q 0 0 0 rg BT 237.55 130.10 Td (media ) Tj ET Q q 0 0 0 rg BT 264.83 130.10 Td (mar) Tj ET Q q 0 0 0 rg BT 280.19 130.10 Td (gin ) Tj ET Q q 0 0 0 rg BT 295.81 130.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.98 130.10 Td ($1.48 ) Tj ET Q q 0 0 0 rg BT 332.32 130.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.21 130.10 Td ( ) Tj ET Q q 0 0 0 rg BT 364.05 130.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.21 130.10 Td (48%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.54 130.10 Td (. ) Tj ET Q q 0 0 0 rg BT 398.88 130.10 Td (Gross ) Tj ET Q q 0 0 0 rg BT 425.06 130.10 Td (mar) Tj ET Q q 0 0 0 rg BT 440.42 130.10 Td (gins ) Tj ET Q q 0 0 0 rg BT 459.93 130.10 Td (for ) Tj ET Q q 0 0 0 rg BT 474.43 130.10 Td (DHX ) Tj ET Q q 0 0 0 rg BT 498.73 130.10 Td (T) Tj ET Q q 0 0 0 rg BT 504.14 130.10 Td (elevision ) Tj ET Q q 0 0 0 rg BT 543.08 130.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 118.10 Td ($45.81 ) Tj ET Q q 0 0 0 rg BT 79.37 118.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.26 118.10 Td ( ) Tj ET Q q 0 0 0 rg BT 110.64 118.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.34 118.10 Td (66%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.67 118.10 Td (, ) Tj ET Q q 0 0 0 rg BT 144.54 118.10 Td (calculated ) Tj ET Q q 0 0 0 rg BT 187.44 118.10 Td (as ) Tj ET Q q 0 0 0 rg BT 198.15 118.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 232.17 118.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.87 118.10 Td ($69.13 ) Tj ET Q q 0 0 0 rg BT 272.74 118.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.63 118.10 Td ( ) Tj ET Q q 0 0 0 rg BT 304.01 118.10 Td (less ) Tj ET Q q 0 0 0 rg BT 321.38 118.10 Td (programming ) Tj ET Q q 0 0 0 rg BT 378.19 118.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 403.06 118.10 Td (third ) Tj ET Q q 0 0 0 rg BT 424.32 118.10 Td (party ) Tj ET Q q 0 0 0 rg BT 447.24 118.10 Td (content ) Tj ET Q q 0 0 0 rg BT 479.05 118.10 Td (fees, ) Tj ET Q q 0 0 0 rg BT 500.02 118.10 Td (and ) Tj ET Q q 0 0 0 rg BT 516.83 118.10 Td (other ) Tj ET Q q 0 0 0 rg BT 539.75 118.10 Td (direct ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 106.10 Td (creative ) Tj ET Q q 0 0 0 rg BT 83.64 106.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 106.14 106.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.97 106.10 Td ($23.32 ) Tj ET Q q 0 0 0 rg BT 146.97 106.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.86 106.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 88.10 Td ( ) Tj ET Q q 0 0 0 rg BT 70.74 88.10 Td (Production ) Tj ET Q q 0 0 0 rg BT 117.87 88.10 Td (mar) Tj ET Q q 0 0 0 rg BT 133.24 88.10 Td (gins ) Tj ET Q q 0 0 0 rg BT 153.15 88.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.61 88.10 Td (35%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.94 88.10 Td (, ) Tj ET Q q 0 0 0 rg BT 187.68 88.10 Td (varies ) Tj ET Q q 0 0 0 rg BT 214.80 88.10 Td (on ) Tj ET Q q 0 0 0 rg BT 228.04 88.10 Td (product ) Tj ET Q q 0 0 0 rg BT 261.83 88.10 Td (delivery ) Tj ET Q q 0 0 0 rg BT 297.84 88.10 Td (mix ) Tj ET Q q 0 0 0 rg BT 316.64 88.10 Td (and ) Tj ET Q q 0 0 0 rg BT 334.32 88.10 Td (were ) Tj ET Q q 0 0 0 rg BT 356.99 88.10 Td (just ) Tj ET Q q 0 0 0 rg BT 374.68 88.10 Td (above ) Tj ET Q q 0 0 0 rg BT 401.80 88.10 Td (the ) Tj ET Q q 0 0 0 rg BT 417.26 88.10 Td (mid-point ) Tj ET Q q 0 0 0 rg BT 459.94 88.10 Td (of ) Tj ET Q q 0 0 0 rg BT 471.51 88.10 Td (Management) Tj ET Q q 0 0 0 rg BT 526.49 88.10 Td (s ) Tj ET Q q 0 0 0 rg BT 533.63 88.10 Td (revised ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 76.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 78.73 76.10 Td (expectations ) Tj ET Q q 0 0 0 rg BT 131.28 76.10 Td (\(per ) Tj ET Q q 0 0 0 rg BT 149.95 76.10 Td (Q3 ) Tj ET Q q 0 0 0 rg BT 164.74 76.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 187.31 76.10 Td (MD&A\). ) Tj ET Q q 0 0 0 rg BT 226.82 76.10 Td (Producer ) Tj ET Q q 0 0 0 rg BT 265.49 76.10 Td (and ) Tj ET Q q 0 0 0 rg BT 282.50 76.10 Td (service ) Tj ET Q q 0 0 0 rg BT 313.39 76.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 328.17 76.10 Td (mar) Tj ET Q q 0 0 0 rg BT 343.53 76.10 Td (gins ) Tj ET Q q 0 0 0 rg BT 362.77 76.10 Td (can ) Tj ET Q q 0 0 0 rg BT 379.22 76.10 Td (vary ) Tj ET Q q 0 0 0 rg BT 399.56 76.10 Td (greatly ) Tj ET Q q 0 0 0 rg BT 429.90 76.10 Td (and ) Tj ET Q q 0 0 0 rg BT 446.90 76.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.69 76.10 Td (42%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.02 76.10 Td ( ) Tj ET Q q 0 0 0 rg BT 477.59 76.10 Td (\(as ) Tj ET Q q 0 0 0 rg BT 491.82 76.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 533.82 76.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.17 76.10 Td (42%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 64.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.36 64.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 91.45 64.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.45 64.10 Td (\) ) Tj ET Q q 0 0 0 rg BT 117.98 64.10 Td (were ) Tj ET Q q 0 0 0 rg BT 140.60 64.10 Td (at ) Tj ET Q q 0 0 0 rg BT 151.02 64.10 Td (the ) Tj ET Q q 0 0 0 rg BT 166.44 64.10 Td (mid-point ) Tj ET Q q 0 0 0 rg BT 209.08 64.10 Td (of ) Tj ET Q q 0 0 0 rg BT 220.61 64.10 Td (Management) Tj ET Q q 0 0 0 rg BT 275.59 64.10 Td (s ) Tj ET Q q 0 0 0 rg BT 282.68 64.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 312.54 64.10 Td (expectations ) Tj ET Q q 0 0 0 rg BT 365.72 64.10 Td (\(per ) Tj ET Q q 0 0 0 rg BT 385.02 64.10 Td (Q3 ) Tj ET Q q 0 0 0 rg BT 400.44 64.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 423.64 64.10 Td (MD&A\) ) Tj ET Q q 0 0 0 rg BT 461.28 64.10 Td (and ) Tj ET Q q 0 0 0 rg BT 478.92 64.10 Td (have ) Tj ET Q q 0 0 0 rg BT 500.99 64.10 Td (been ) Tj ET Q q 0 0 0 rg BT 523.07 64.10 Td (positively ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 52.10 Td (impacted ) Tj ET Q q 0 0 0 rg BT 89.01 52.10 Td (by ) Tj ET Q q 0 0 0 rg BT 101.86 52.10 Td (the ) Tj ET Q q 0 0 0 rg BT 116.93 52.10 Td (weakness ) Tj ET Q q 0 0 0 rg BT 158.11 52.10 Td (in ) Tj ET Q q 0 0 0 rg BT 168.74 52.10 Td (the ) Tj ET Q q 0 0 0 rg BT 183.82 52.10 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 224.43 52.10 Td (dollar) Tj ET Q q 0 0 0 rg BT 247.21 52.10 Td (. ) Tj ET Q q 0 0 0 rg BT 252.56 52.10 Td (Distribution ) Tj ET Q q 0 0 0 rg BT 303.75 52.10 Td (mar) Tj ET Q q 0 0 0 rg BT 319.12 52.10 Td (gins ) Tj ET Q q 0 0 0 rg BT 338.65 52.10 Td (can ) Tj ET Q q 0 0 0 rg BT 355.38 52.10 Td (fluctuate ) Tj ET Q q 0 0 0 rg BT 393.21 52.10 Td (greatly ) Tj ET Q q 0 0 0 rg BT 423.83 52.10 Td (from ) Tj ET Q q 0 0 0 rg BT 446.13 52.10 Td (title-to-title ) Tj ET Q q 0 0 0 rg BT 494.52 52.10 Td (and ) Tj ET Q q 0 0 0 rg BT 511.82 52.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.89 52.10 Td (55%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.22 52.10 Td ( ) Tj ET Q q 0 0 0 rg BT 543.08 52.10 Td (were ) Tj ET Q endstream endobj 21 0 obj <> endobj 22 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6 0.6 0.6 rg BT 301.00 31.60 Td (10) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 49.50 742.10 Td (near ) Tj ET Q q 0 0 0 rg BT 68.58 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 82.66 742.10 Td (low ) Tj ET Q q 0 0 0 rg BT 99.53 742.10 Td (end ) Tj ET Q q 0 0 0 rg BT 115.84 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 126.04 742.10 Td (Management) Tj ET Q q 0 0 0 rg BT 181.02 742.10 Td (s ) Tj ET Q q 0 0 0 rg BT 186.79 742.10 Td (revised ) Tj ET Q q 0 0 0 rg BT 217.53 742.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 246.06 742.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 284.02 742.10 Td (\(per ) Tj ET Q q 0 0 0 rg BT 301.99 742.10 Td (Q3 ) Tj ET Q q 0 0 0 rg BT 316.08 742.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 337.95 742.10 Td (MD&A\) ) Tj ET Q q 0 0 0 rg BT 374.27 742.10 Td (as ) Tj ET Q q 0 0 0 rg BT 384.47 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 398.55 742.10 Td (product ) Tj ET Q q 0 0 0 rg BT 430.97 742.10 Td (mix ) Tj ET Q q 0 0 0 rg BT 448.40 742.10 Td (for ) Tj ET Q q 0 0 0 rg BT 461.93 742.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.01 742.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 501.77 742.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.77 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 523.64 742.10 Td (contained ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 730.10 Td (a ) Tj ET Q q 0 0 0 rg BT 55.98 730.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 83.57 730.10 Td (than ) Tj ET Q q 0 0 0 rg BT 102.83 730.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 140.40 730.10 Td (weighting ) Tj ET Q q 0 0 0 rg BT 182.44 730.10 Td (towards ) Tj ET Q q 0 0 0 rg BT 216.14 730.10 Td (both ) Tj ET Q q 0 0 0 rg BT 235.97 730.10 Td (newer ) Tj ET Q q 0 0 0 rg BT 262.44 730.10 Td ( ) Tj ET Q q 0 0 0 rg BT 264.48 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 280.96 730.10 Td (live ) Tj ET Q q 0 0 0 rg BT 298.00 730.10 Td (action ) Tj ET Q q 0 0 0 rg BT 324.47 730.10 Td (titles, ) Tj ET Q q 0 0 0 rg BT 348.46 730.10 Td (which ) Tj ET Q q 0 0 0 rg BT 374.94 730.10 Td (typically ) Tj ET Q q 0 0 0 rg BT 411.97 730.10 Td (carry ) Tj ET Q q 0 0 0 rg BT 434.55 730.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 459.36 730.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 482.52 730.10 Td (mar) Tj ET Q q 0 0 0 rg BT 497.89 730.10 Td (gins ) Tj ET Q q 0 0 0 rg BT 516.60 730.10 Td (than ) Tj ET Q q 0 0 0 rg BT 535.86 730.10 Td (library ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 718.10 Td (sales. ) Tj ET Q q 0 0 0 rg BT 73.25 718.10 Td (As ) Tj ET Q q 0 0 0 rg BT 86.69 718.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 131.23 718.10 Td (noted, ) Tj ET Q q 0 0 0 rg BT 158.27 718.10 Td (this ) Tj ET Q q 0 0 0 rg BT 175.05 718.10 Td (trend ) Tj ET Q q 0 0 0 rg BT 197.92 718.10 Td (does ) Tj ET Q q 0 0 0 rg BT 218.58 718.10 Td (however ) Tj ET Q q 0 0 0 rg BT 255.33 718.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 292.09 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 302.19 718.10 Td (bode ) Tj ET Q q 0 0 0 rg BT 323.96 718.10 Td (well ) Tj ET Q q 0 0 0 rg BT 343.50 718.10 Td (for ) Tj ET Q q 0 0 0 rg BT 357.49 718.10 Td (future ) Tj ET Q q 0 0 0 rg BT 383.69 718.10 Td (mar) Tj ET Q q 0 0 0 rg BT 399.06 718.10 Td (gins ) Tj ET Q q 0 0 0 rg BT 418.05 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 434.82 718.10 Td (for ) Tj ET Q q 0 0 0 rg BT 448.80 718.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 491.12 718.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 512.88 718.10 Td (as ) Tj ET Q q 0 0 0 rg BT 523.54 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 538.08 718.10 Td (newer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 706.10 Td (titles ) Tj ET Q q 0 0 0 rg BT 71.35 706.10 Td (are ) Tj ET Q q 0 0 0 rg BT 85.96 706.10 Td (in ) Tj ET Q q 0 0 0 rg BT 96.14 706.10 Td (high ) Tj ET Q q 0 0 0 rg BT 116.32 706.10 Td (demand. ) Tj ET Q q 0 0 0 rg BT 152.87 706.10 Td (DHX ) Tj ET Q q 0 0 0 rg BT 176.77 706.10 Td (T) Tj ET Q q 0 0 0 rg BT 182.18 706.10 Td (elevision ) Tj ET Q q 0 0 0 rg BT 220.68 706.10 Td (mar) Tj ET Q q 0 0 0 rg BT 236.05 706.10 Td (gins ) Tj ET Q q 0 0 0 rg BT 255.12 706.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.74 706.10 Td (66%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.07 706.10 Td ( ) Tj ET Q q 0 0 0 rg BT 285.47 706.10 Td (for ) Tj ET Q q 0 0 0 rg BT 299.54 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 314.16 706.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 340.44 706.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 362.85 706.10 Td (were ) Tj ET Q q 0 0 0 rg BT 384.68 706.10 Td (above ) Tj ET Q q 0 0 0 rg BT 410.96 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 425.58 706.10 Td (high ) Tj ET Q q 0 0 0 rg BT 445.76 706.10 Td (end ) Tj ET Q q 0 0 0 rg BT 462.60 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 473.33 706.10 Td (Management's ) Tj ET Q q 0 0 0 rg BT 533.63 706.10 Td (revised ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 694.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 79.12 694.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 118.17 694.10 Td (\(per ) Tj ET Q q 0 0 0 rg BT 137.24 694.10 Td (Q3 ) Tj ET Q q 0 0 0 rg BT 152.42 694.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 175.38 694.10 Td (MD&A\), ) Tj ET Q q 0 0 0 rg BT 215.29 694.10 Td (driven ) Tj ET Q q 0 0 0 rg BT 243.80 694.10 Td (by ) Tj ET Q q 0 0 0 rg BT 256.76 694.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 282.49 694.10 Td (third ) Tj ET Q q 0 0 0 rg BT 304.34 694.10 Td (party ) Tj ET Q q 0 0 0 rg BT 327.85 694.10 Td (external ) Tj ET Q q 0 0 0 rg BT 363.02 694.10 Td (content ) Tj ET Q q 0 0 0 rg BT 395.42 694.10 Td (costs. ) Tj ET Q q 0 0 0 rg BT 420.88 694.10 Td (M&L-owned ) Tj ET Q q 0 0 0 rg BT 476.61 694.10 Td (mar) Tj ET Q q 0 0 0 rg BT 491.98 694.10 Td (gins ) Tj ET Q q 0 0 0 rg BT 511.61 694.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.79 694.10 Td (57%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.12 694.10 Td ( ) Tj ET Q q 0 0 0 rg BT 543.08 694.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 682.10 Td (below ) Tj ET Q q 0 0 0 rg BT 76.84 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 91.95 682.10 Td (mid-point ) Tj ET Q q 0 0 0 rg BT 134.29 682.10 Td (of ) Tj ET Q q 0 0 0 rg BT 145.52 682.10 Td (Management's ) Tj ET Q q 0 0 0 rg BT 206.31 682.10 Td (revised ) Tj ET Q q 0 0 0 rg BT 238.09 682.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 267.64 682.10 Td (expectations ) Tj ET Q q 0 0 0 rg BT 320.52 682.10 Td (\(per ) Tj ET Q q 0 0 0 rg BT 339.52 682.10 Td (Q3 ) Tj ET Q q 0 0 0 rg BT 354.64 682.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 377.53 682.10 Td (MD&A\), ) Tj ET Q q 0 0 0 rg BT 417.38 682.10 Td (driven ) Tj ET Q q 0 0 0 rg BT 445.82 682.10 Td (by ) Tj ET Q q 0 0 0 rg BT 458.72 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 473.83 682.10 Td (mix ) Tj ET Q q 0 0 0 rg BT 492.29 682.10 Td (between ) Tj ET Q q 0 0 0 rg BT 528.50 682.10 Td (live ) Tj ET Q q 0 0 0 rg BT 546.39 682.10 Td (tour ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 670.10 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 90.04 670.10 Td (a ) Tj ET Q q 0 0 0 rg BT 96.98 670.10 Td (much ) Tj ET Q q 0 0 0 rg BT 121.69 670.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 146.96 670.10 Td (mar) Tj ET Q q 0 0 0 rg BT 162.33 670.10 Td (gin ) Tj ET Q q 0 0 0 rg BT 177.61 670.10 Td (as ) Tj ET Q q 0 0 0 rg BT 188.44 670.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 230.36 670.10 Td (to ) Tj ET Q q 0 0 0 rg BT 240.64 670.10 Td (traditional ) Tj ET Q q 0 0 0 rg BT 284.24 670.10 Td (M&L-owned ) Tj ET Q q 0 0 0 rg BT 339.50 670.10 Td (revenues.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 652.10 Td (Operating ) Tj ET Q q 0 0 0 rg BT 93.67 652.10 Td (Expenses ) Tj ET Q q 0 0 0 rg BT 135.06 652.10 Td (\(Income\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 634.10 Td (SG&A) Tj ET Q q 0 0 0 rg BT 75.43 634.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 616.10 Td (SG&A) Tj ET Q q 0 0 0 rg BT 94.73 616.10 Td ( ) Tj ET Q q 0 0 0 rg BT 97.90 616.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 121.07 616.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.90 616.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 162.95 616.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.95 616.10 Td ( ) Tj ET Q q 0 0 0 rg BT 186.12 616.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.72 616.10 Td (up) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.72 616.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.89 616.10 Td (28%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.22 616.10 Td ( ) Tj ET Q q 0 0 0 rg BT 243.39 616.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.77 616.10 Td ($75.61 ) Tj ET Q q 0 0 0 rg BT 284.44 616.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.33 616.10 Td ( ) Tj ET Q q 0 0 0 rg BT 316.50 616.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 359.10 616.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.04 616.10 Td ($59.09 ) Tj ET Q q 0 0 0 rg BT 400.71 616.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.60 616.10 Td ( ) Tj ET Q q 0 0 0 rg BT 432.77 616.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.60 616.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 474.66 616.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.66 616.10 Td (. ) Tj ET Q q 0 0 0 rg BT 500.10 616.10 Td (The ) Tj ET Q q 0 0 0 rg BT 518.81 616.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 554.74 616.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 604.10 Td (SG&A) Tj ET Q q 0 0 0 rg BT 76.73 604.10 Td ( ) Tj ET Q q 0 0 0 rg BT 79.09 604.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 101.46 604.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.60 604.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 137.85 604.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.85 604.10 Td ( ) Tj ET Q q 0 0 0 rg BT 160.21 604.10 Td (is ) Tj ET Q q 0 0 0 rg BT 169.25 604.10 Td (attributable ) Tj ET Q q 0 0 0 rg BT 217.15 604.10 Td (to ) Tj ET Q q 0 0 0 rg BT 227.29 604.10 Td (a ) Tj ET Q q 0 0 0 rg BT 234.09 604.10 Td (number ) Tj ET Q q 0 0 0 rg BT 267.00 604.10 Td (of ) Tj ET Q q 0 0 0 rg BT 277.69 604.10 Td (factors, ) Tj ET Q q 0 0 0 rg BT 309.76 604.10 Td (including ) Tj ET Q q 0 0 0 rg BT 349.90 604.10 Td (Management's ) Tj ET Q q 0 0 0 rg BT 410.16 604.10 Td (decision ) Tj ET Q q 0 0 0 rg BT 445.85 604.10 Td (to ) Tj ET Q q 0 0 0 rg BT 455.99 604.10 Td (add ) Tj ET Q q 0 0 0 rg BT 472.79 604.10 Td (resources ) Tj ET Q q 0 0 0 rg BT 512.91 604.10 Td (within ) Tj ET Q q 0 0 0 rg BT 540.83 604.10 Td (DHX ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 592.10 Td (Brands ) Tj ET Q q 0 0 0 rg BT 81.52 592.10 Td (and ) Tj ET Q q 0 0 0 rg BT 99.66 592.10 Td (DHX ) Tj ET Q q 0 0 0 rg BT 125.02 592.10 Td (Distribution ) Tj ET Q q 0 0 0 rg BT 177.04 592.10 Td (as ) Tj ET Q q 0 0 0 rg BT 189.07 592.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 244.96 592.10 Td (has ) Tj ET Q q 0 0 0 rg BT 261.99 592.10 Td (continued ) Tj ET Q q 0 0 0 rg BT 305.12 592.10 Td (to ) Tj ET Q q 0 0 0 rg BT 316.59 592.10 Td (add ) Tj ET Q q 0 0 0 rg BT 334.72 592.10 Td (resources ) Tj ET Q q 0 0 0 rg BT 376.17 592.10 Td (in ) Tj ET Q q 0 0 0 rg BT 387.64 592.10 Td (these ) Tj ET Q q 0 0 0 rg BT 411.89 592.10 Td (areas ) Tj ET Q q 0 0 0 rg BT 436.12 592.10 Td (to ) Tj ET Q q 0 0 0 rg BT 447.59 592.10 Td (take ) Tj ET Q q 0 0 0 rg BT 467.94 592.10 Td (advantage ) Tj ET Q q 0 0 0 rg BT 512.16 592.10 Td (of ) Tj ET Q q 0 0 0 rg BT 524.19 592.10 Td (the ) Tj ET Q q 0 0 0 rg BT 540.10 592.10 Td (M&L) Tj ET Q q 0 0 0 rg BT 562.51 592.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 580.10 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 105.49 580.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 149.80 580.10 Td (with ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 170.79 580.10 Td (T) Tj ET Q q 0 0 0 rg BT 175.44 580.10 Td (eletubbies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.98 580.10 Td ( ) Tj ET Q q 0 0 0 rg BT 219.19 580.10 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 236.85 580.10 Td (T) Tj ET Q q 0 0 0 rg BT 241.67 580.10 Td (wirlywoos) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.78 580.10 Td ( ) Tj ET Q q 0 0 0 rg BT 286.00 580.10 Td (and ) Tj ET Q q 0 0 0 rg BT 303.65 580.10 Td (the ) Tj ET Q q 0 0 0 rg BT 319.08 580.10 Td (global ) Tj ET Q q 0 0 0 rg BT 347.30 580.10 Td (expansion ) Tj ET Q q 0 0 0 rg BT 391.06 580.10 Td (of ) Tj ET Q q 0 0 0 rg BT 402.60 580.10 Td (digital ) Tj ET Q q 0 0 0 rg BT 431.37 580.10 Td (distribution ) Tj ET Q q 0 0 0 rg BT 480.70 580.10 Td (platforms, ) Tj ET Q q 0 0 0 rg BT 524.74 580.10 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 568.10 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 104.34 568.10 Td (in ) Tj ET Q q 0 0 0 rg BT 114.19 568.10 Td (China. ) Tj ET Q q 0 0 0 rg BT 142.50 568.10 Td (The ) Tj ET Q q 0 0 0 rg BT 160.11 568.10 Td (continued ) Tj ET Q q 0 0 0 rg BT 201.62 568.10 Td (ramp-up ) Tj ET Q q 0 0 0 rg BT 237.56 568.10 Td (of ) Tj ET Q q 0 0 0 rg BT 247.81 568.10 Td (W) Tj ET Q q 0 0 0 rg BT 256.85 568.10 Td (ildbrain, ) Tj ET Q q 0 0 0 rg BT 292.52 568.10 Td (the ) Tj ET Q q 0 0 0 rg BT 306.81 568.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 353.46 568.10 Td (recently ) Tj ET Q q 0 0 0 rg BT 387.73 568.10 Td (unveiled ) Tj ET Q q 0 0 0 rg BT 424.23 568.10 Td (Multi-Platform ) Tj ET Q q 0 0 0 rg BT 486.85 568.10 Td (Kids' ) Tj ET Q q 0 0 0 rg BT 509.62 568.10 Td (Network, ) Tj ET Q q 0 0 0 rg BT 549.18 568.10 Td (has ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 556.10 Td (further ) Tj ET Q q 0 0 0 rg BT 79.98 556.10 Td (contributed ) Tj ET Q q 0 0 0 rg BT 128.79 556.10 Td (to ) Tj ET Q q 0 0 0 rg BT 139.85 556.10 Td (the ) Tj ET Q q 0 0 0 rg BT 155.34 556.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 191.36 556.10 Td (in ) Tj ET Q q 0 0 0 rg BT 202.41 556.10 Td (SG&A) Tj ET Q q 0 0 0 rg BT 229.65 556.10 Td ( ) Tj ET Q q 0 0 0 rg BT 232.92 556.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 256.19 556.10 Td (as ) Tj ET Q q 0 0 0 rg BT 267.79 556.10 Td (resources ) Tj ET Q q 0 0 0 rg BT 308.83 556.10 Td (have ) Tj ET Q q 0 0 0 rg BT 330.98 556.10 Td (been ) Tj ET Q q 0 0 0 rg BT 353.13 556.10 Td (added ) Tj ET Q q 0 0 0 rg BT 380.28 556.10 Td (to ) Tj ET Q q 0 0 0 rg BT 391.33 556.10 Td (drive ) Tj ET Q q 0 0 0 rg BT 415.15 556.10 Td (growth. ) Tj ET Q q 0 0 0 rg BT 448.53 556.10 Td (As ) Tj ET Q q 0 0 0 rg BT 462.91 556.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 508.40 556.10 Td (noted, ) Tj ET Q q 0 0 0 rg BT 536.39 556.10 Td (M&L-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 544.10 Td (represented ) Tj ET Q q 0 0 0 rg BT 96.90 544.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 133.76 544.10 Td (have ) Tj ET Q q 0 0 0 rg BT 153.95 544.10 Td (grown ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.82 544.10 Td (100%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.15 544.10 Td ( ) Tj ET Q q 0 0 0 rg BT 205.47 544.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.56 544.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 239.77 544.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.77 544.10 Td (, ) Tj ET Q q 0 0 0 rg BT 263.58 544.10 Td (triggering ) Tj ET Q q 0 0 0 rg BT 304.33 544.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 331.20 544.10 Td (than ) Tj ET Q q 0 0 0 rg BT 349.73 544.10 Td (forecast ) Tj ET Q q 0 0 0 rg BT 382.70 544.10 Td (incentive ) Tj ET Q q 0 0 0 rg BT 420.66 544.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 477.52 544.10 Td (within ) Tj ET Q q 0 0 0 rg BT 504.40 544.10 Td (the ) Tj ET Q q 0 0 0 rg BT 517.93 544.10 Td (Company's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 532.10 Td (CPLG ) Tj ET Q q 0 0 0 rg BT 77.07 532.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 116.84 532.10 Td (unit. ) Tj ET Q q 0 0 0 rg BT 136.91 532.10 Td (Finally) Tj ET Q q 0 0 0 rg BT 164.60 532.10 Td (, ) Tj ET Q q 0 0 0 rg BT 169.10 532.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.77 532.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 208.67 532.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.67 532.10 Td (, ) Tj ET Q q 0 0 0 rg BT 233.18 532.10 Td (SG&A) Tj ET Q q 0 0 0 rg BT 260.41 532.10 Td ( ) Tj ET Q q 0 0 0 rg BT 262.42 532.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 297.75 532.10 Td (all ) Tj ET Q q 0 0 0 rg BT 309.76 532.10 Td (of ) Tj ET Q q 0 0 0 rg BT 320.10 532.10 Td (the ) Tj ET Q q 0 0 0 rg BT 334.32 532.10 Td (SG&A) Tj ET Q q 0 0 0 rg BT 361.56 532.10 Td ( ) Tj ET Q q 0 0 0 rg BT 363.56 532.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 406.67 532.10 Td (with ) Tj ET Q q 0 0 0 rg BT 426.46 532.10 Td (the ) Tj ET Q q 0 0 0 rg BT 440.68 532.10 Td (DHX ) Tj ET Q q 0 0 0 rg BT 464.21 532.10 Td (T) Tj ET Q q 0 0 0 rg BT 469.62 532.10 Td (elevision, ) Tj ET Q q 0 0 0 rg BT 510.23 532.10 Td (Echo ) Tj ET Q q 0 0 0 rg BT 532.79 532.10 Td (Bridge, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 520.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.12 520.10 Td (Nerd ) Tj ET Q q 0 0 0 rg BT 90.29 520.10 Td (Corps ) Tj ET Q q 0 0 0 rg BT 117.36 520.10 Td (acquisitions. ) Tj ET Q q 0 0 0 rg BT 170.81 520.10 Td (SG&A) Tj ET Q q 0 0 0 rg BT 198.04 520.10 Td ( ) Tj ET Q q 0 0 0 rg BT 201.22 520.10 Td (also ) Tj ET Q q 0 0 0 rg BT 220.51 520.10 Td (includes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.01 520.10 Td ($5.98 ) Tj ET Q q 0 0 0 rg BT 282.69 520.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.58 520.10 Td ( ) Tj ET Q q 0 0 0 rg BT 314.76 520.10 Td (in ) Tj ET Q q 0 0 0 rg BT 325.72 520.10 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 364.99 520.10 Td (share-based ) Tj ET Q q 0 0 0 rg BT 415.37 520.10 Td (compensation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.09 520.10 Td (up) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.09 520.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.27 520.10 Td (41%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.60 520.10 Td ( ) Tj ET Q q 0 0 0 rg BT 508.78 520.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.11 520.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 539.17 520.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.17 520.10 Td (-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 508.10 Td ($4.25 ) Tj ET Q q 0 0 0 rg BT 73.81 508.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.70 508.10 Td (\). ) Tj ET Q q 0 0 0 rg BT 110.20 508.10 Td (When ) Tj ET Q q 0 0 0 rg BT 135.89 508.10 Td (adjusted, ) Tj ET Q q 0 0 0 rg BT 173.52 508.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 193.10 508.10 Td (SG&A) Tj ET Q q 0 0 0 rg BT 220.33 508.10 Td ( ) Tj ET Q q 0 0 0 rg BT 222.13 508.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.16 508.10 Td ($69.63 ) Tj ET Q q 0 0 0 rg BT 260.46 508.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.35 508.10 Td ( ) Tj ET Q q 0 0 0 rg BT 291.16 508.10 Td (was ) Tj ET Q q 0 0 0 rg BT 308.52 508.10 Td (above ) Tj ET Q q 0 0 0 rg BT 334.20 508.10 Td (the ) Tj ET Q q 0 0 0 rg BT 348.23 508.10 Td (top ) Tj ET Q q 0 0 0 rg BT 362.81 508.10 Td (end ) Tj ET Q q 0 0 0 rg BT 379.06 508.10 Td (of ) Tj ET Q q 0 0 0 rg BT 389.19 508.10 Td (Management) Tj ET Q q 0 0 0 rg BT 444.17 508.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.87 508.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 475.57 508.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.57 508.10 Td ( ) Tj ET Q q 0 0 0 rg BT 497.37 508.10 Td (SG&A) Tj ET Q q 0 0 0 rg BT 524.60 508.10 Td ( ) Tj ET Q q 0 0 0 rg BT 526.41 508.10 Td (guidance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 496.10 Td (from ) Tj ET Q q 0 0 0 rg BT 71.44 496.10 Td (the ) Tj ET Q q 0 0 0 rg BT 86.16 496.10 Td (Q3 ) Tj ET Q q 0 0 0 rg BT 100.88 496.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 123.38 496.10 Td (MD&A, ) Tj ET Q q 0 0 0 rg BT 159.49 496.10 Td (as ) Tj ET Q q 0 0 0 rg BT 170.32 496.10 Td (noted ) Tj ET Q q 0 0 0 rg BT 195.04 496.10 Td (herein, ) Tj ET Q q 0 0 0 rg BT 225.02 496.10 Td (as ) Tj ET Q q 0 0 0 rg BT 235.85 496.10 Td (the ) Tj ET Q q 0 0 0 rg BT 250.57 496.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 291.96 496.10 Td (continues ) Tj ET Q q 0 0 0 rg BT 332.78 496.10 Td (to ) Tj ET Q q 0 0 0 rg BT 343.06 496.10 Td (aggressively ) Tj ET Q q 0 0 0 rg BT 395.54 496.10 Td (pursue ) Tj ET Q q 0 0 0 rg BT 424.71 496.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 455.54 496.10 Td (opportunities.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 478.10 Td (Amortization ) Tj ET Q q 0 0 0 rg BT 104.23 478.10 Td (and ) Tj ET Q q 0 0 0 rg BT 121.73 478.10 Td (Expense ) Tj ET Q q 0 0 0 rg BT 157.54 478.10 Td (of ) Tj ET Q q 0 0 0 rg BT 167.64 478.10 Td (Acquir) Tj ET Q q 0 0 0 rg BT 194.49 478.10 Td (ed ) Tj ET Q q 0 0 0 rg BT 206.42 478.10 Td (Libraries) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 460.10 Td (For ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 83.82 460.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 110.13 460.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.13 460.10 Td (, ) Tj ET Q q 0 0 0 rg BT 135.05 460.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 188.01 460.10 Td (and ) Tj ET Q q 0 0 0 rg BT 204.88 460.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 239.51 460.10 Td (of ) Tj ET Q q 0 0 0 rg BT 250.26 460.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 287.11 460.10 Td (libraries ) Tj ET Q q 0 0 0 rg BT 322.30 460.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.27 460.10 Td (up) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.27 460.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.70 460.10 Td (27%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.03 460.10 Td ( ) Tj ET Q q 0 0 0 rg BT 373.45 460.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.65 460.10 Td ($27.40 ) Tj ET Q q 0 0 0 rg BT 413.58 460.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.47 460.10 Td ( ) Tj ET Q q 0 0 0 rg BT 444.90 460.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.23 460.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 474.54 460.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.54 460.10 Td (-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.87 460.10 Td ($21.54 ) Tj ET Q q 0 0 0 rg BT 527.79 460.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 556.68 460.10 Td (\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 448.10 Td (For ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.29 448.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 93.08 448.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.08 448.10 Td (, ) Tj ET Q q 0 0 0 rg BT 118.48 448.10 Td (the ) Tj ET Q q 0 0 0 rg BT 133.60 448.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 168.70 448.10 Td (of ) Tj ET Q q 0 0 0 rg BT 179.93 448.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 217.26 448.10 Td (libraries ) Tj ET Q q 0 0 0 rg BT 252.92 448.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.38 448.10 Td (up) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.38 448.10 Td ( ) Tj ET Q q 0 0 0 rg BT 284.28 448.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.95 448.10 Td ($12.88 ) Tj ET Q q 0 0 0 rg BT 325.35 448.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.25 448.10 Td ( ) Tj ET Q q 0 0 0 rg BT 357.15 448.10 Td (due ) Tj ET Q q 0 0 0 rg BT 374.49 448.10 Td (to ) Tj ET Q q 0 0 0 rg BT 385.16 448.10 Td (the ) Tj ET Q q 0 0 0 rg BT 400.28 448.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 430.39 448.10 Td (of ) Tj ET Q q 0 0 0 rg BT 441.62 448.10 Td (recent ) Tj ET Q q 0 0 0 rg BT 468.95 448.10 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 519.62 448.10 Td (and ) Tj ET Q q 0 0 0 rg BT 536.96 448.10 Td (higher ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 436.10 Td (year ) Tj ET Q q 0 0 0 rg BT 68.16 436.10 Td (over ) Tj ET Q q 0 0 0 rg BT 87.39 436.10 Td (year ) Tj ET Q q 0 0 0 rg BT 106.05 436.10 Td (distribution ) Tj ET Q q 0 0 0 rg BT 153.62 436.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 186.72 436.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.05 436.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 215.39 436.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.39 436.10 Td (-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.72 436.10 Td ($1) Tj ET Q q 0 0 0 rg BT 248.35 436.10 Td (1.13 ) Tj ET Q q 0 0 0 rg BT 267.30 436.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.19 436.10 Td (\). ) Tj ET Q q 0 0 0 rg BT 303.37 436.10 Td (This ) Tj ET Q q 0 0 0 rg BT 322.61 436.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 356.27 436.10 Td (is ) Tj ET Q q 0 0 0 rg BT 364.40 436.10 Td (excluded ) Tj ET Q q 0 0 0 rg BT 401.94 436.10 Td (from ) Tj ET Q q 0 0 0 rg BT 422.84 436.10 Td (the ) Tj ET Q q 0 0 0 rg BT 436.51 436.10 Td (calculation ) Tj ET Q q 0 0 0 rg BT 481.83 436.10 Td (of ) Tj ET Q q 0 0 0 rg BT 491.62 436.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 526.40 436.10 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 562.51 436.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 424.10 Td (as ) Tj ET Q q 0 0 0 rg BT 59.73 424.10 Td (it ) Tj ET Q q 0 0 0 rg BT 67.18 424.10 Td (relates ) Tj ET Q q 0 0 0 rg BT 95.18 424.10 Td (to ) Tj ET Q q 0 0 0 rg BT 104.85 424.10 Td (the ) Tj ET Q q 0 0 0 rg BT 118.97 424.10 Td (library ) Tj ET Q q 0 0 0 rg BT 147.52 424.10 Td (titles ) Tj ET Q q 0 0 0 rg BT 168.86 424.10 Td (that ) Tj ET Q q 0 0 0 rg BT 185.76 424.10 Td (have ) Tj ET Q q 0 0 0 rg BT 206.53 424.10 Td (a ) Tj ET Q q 0 0 0 rg BT 212.87 424.10 Td (maximum ) Tj ET Q q 0 0 0 rg BT 255.32 424.10 Td (20 ) Tj ET Q q 0 0 0 rg BT 267.22 424.10 Td (year ) Tj ET Q q 0 0 0 rg BT 286.32 424.10 Td (life ) Tj ET Q q 0 0 0 rg BT 301.55 424.10 Td (for ) Tj ET Q q 0 0 0 rg BT 315.11 424.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 349.21 424.10 Td (purposes, ) Tj ET Q q 0 0 0 rg BT 389.16 424.10 Td (have ) Tj ET Q q 0 0 0 rg BT 409.94 424.10 Td (minimal ) Tj ET Q q 0 0 0 rg BT 445.17 424.10 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 479.84 424.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 499.51 424.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 521.41 424.10 Td (associated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 412.10 Td (with ) Tj ET Q q 0 0 0 rg BT 69.98 412.10 Td (selling, ) Tj ET Q q 0 0 0 rg BT 101.84 412.10 Td (and ) Tj ET Q q 0 0 0 rg BT 118.98 412.10 Td (are ) Tj ET Q q 0 0 0 rg BT 133.89 412.10 Td (viewed ) Tj ET Q q 0 0 0 rg BT 165.46 412.10 Td (as ) Tj ET Q q 0 0 0 rg BT 176.49 412.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 218.62 412.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 244.65 412.10 Td ([) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 247.98 412.10 Td (note-the ) Tj ET Q q 0 0 0 rg BT 283.45 412.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 317.80 412.10 Td (of ) Tj ET Q q 0 0 0 rg BT 328.28 412.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 362.62 412.10 Td (of ) Tj ET Q q 0 0 0 rg BT 373.10 412.10 Td (acquir) Tj ET Q q 0 0 0 rg BT 398.84 412.10 Td (ed ) Tj ET Q q 0 0 0 rg BT 410.98 412.10 Td (library ) Tj ET Q q 0 0 0 rg BT 441.45 412.10 Td (of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 451.93 412.10 Td ($4.51 ) Tj ET Q q 0 0 0 rg BT 477.13 412.10 Td (million) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 505.46 412.10 Td ( ) Tj ET Q q 0 0 0 rg BT 508.16 412.10 Td (\() Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 511.49 412.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 539.19 412.10 Td (2015) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 559.19 412.10 Td (-) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 400.10 Td ($2.87 ) Tj ET Q q 0 0 0 rg BT 74.98 400.10 Td (million) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 103.32 400.10 Td (\) ) Tj ET Q q 0 0 0 rg BT 109.63 400.10 Td (is ) Tj ET Q q 0 0 0 rg BT 119.29 400.10 Td (shown ) Tj ET Q q 0 0 0 rg BT 147.84 400.10 Td (as ) Tj ET Q q 0 0 0 rg BT 159.71 400.10 Td (a ) Tj ET Q q 0 0 0 rg BT 167.70 400.10 Td (r) Tj ET Q q 0 0 0 rg BT 171.22 400.10 Td (eduction ) Tj ET Q q 0 0 0 rg BT 208.64 400.10 Td (of ) Tj ET Q q 0 0 0 rg BT 219.40 400.10 Td (gr) Tj ET Q q 0 0 0 rg BT 227.92 400.10 Td (oss ) Tj ET Q q 0 0 0 rg BT 243.69 400.10 Td (mar) Tj ET Q q 0 0 0 rg BT 259.43 400.10 Td (gin ) Tj ET Q q 0 0 0 rg BT 275.19 400.10 Td (noted ) Tj ET Q q 0 0 0 rg BT 300.40 400.10 Td (above) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.27 400.10 Td (]. ) Tj ET Q q 0 0 0 rg BT 333.09 400.10 Td (For ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.96 400.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 376.83 400.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.83 400.10 Td (, ) Tj ET Q q 0 0 0 rg BT 402.32 400.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 455.84 400.10 Td (of ) Tj ET Q q 0 0 0 rg BT 467.16 400.10 Td (P&E ) Tj ET Q q 0 0 0 rg BT 489.59 400.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.13 400.10 Td ($4.49 ) Tj ET Q q 0 0 0 rg BT 533.61 400.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 388.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 88.66 388.10 Td (due ) Tj ET Q q 0 0 0 rg BT 105.04 388.10 Td (to ) Tj ET Q q 0 0 0 rg BT 114.77 388.10 Td (the ) Tj ET Q q 0 0 0 rg BT 128.93 388.10 Td (recent ) Tj ET Q q 0 0 0 rg BT 155.31 388.10 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 205.03 388.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.36 388.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 234.19 388.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.19 388.10 Td (-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.52 388.10 Td ($3.70 ) Tj ET Q q 0 0 0 rg BT 281.97 388.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.86 388.10 Td (\). ) Tj ET Q q 0 0 0 rg BT 318.64 388.10 Td (For ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.48 388.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 360.31 388.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.31 388.10 Td (, ) Tj ET Q q 0 0 0 rg BT 384.76 388.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 437.24 388.10 Td (of ) Tj ET Q q 0 0 0 rg BT 447.52 388.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 489.46 388.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 514.73 388.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.23 388.10 Td (up) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.23 388.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.18 388.10 Td (49%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 376.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.97 376.10 Td ($10.03 ) Tj ET Q q 0 0 0 rg BT 90.16 376.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 119.05 376.10 Td ( ) Tj ET Q q 0 0 0 rg BT 121.74 376.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 161.64 376.10 Td (due ) Tj ET Q q 0 0 0 rg BT 178.77 376.10 Td (to ) Tj ET Q q 0 0 0 rg BT 189.24 376.10 Td (the ) Tj ET Q q 0 0 0 rg BT 204.15 376.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 234.05 376.10 Td (of ) Tj ET Q q 0 0 0 rg BT 245.07 376.10 Td (the ) Tj ET Q q 0 0 0 rg BT 259.98 376.10 Td (Epitome, ) Tj ET Q q 0 0 0 rg BT 299.05 376.10 Td (DHX ) Tj ET Q q 0 0 0 rg BT 323.21 376.10 Td (T) Tj ET Q q 0 0 0 rg BT 328.62 376.10 Td (elevision, ) Tj ET Q q 0 0 0 rg BT 369.92 376.10 Td (and ) Tj ET Q q 0 0 0 rg BT 387.04 376.10 Td (Nerd ) Tj ET Q q 0 0 0 rg BT 409.73 376.10 Td (Corps ) Tj ET Q q 0 0 0 rg BT 436.31 376.10 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 486.77 376.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.10 376.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 516.68 376.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.68 376.10 Td (-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.01 376.10 Td ($6.71 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 364.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.39 364.10 Td (\).) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 84.22 364.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 346.10 Td (Development ) Tj ET Q q 0 0 0 rg BT 104.75 346.10 Td (Expenses ) Tj ET Q q 0 0 0 rg BT 144.46 346.10 Td (and ) Tj ET Q q 0 0 0 rg BT 161.96 346.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 187.79 346.10 Td (Char) Tj ET Q q 0 0 0 rg BT 207.98 346.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 223.81 346.10 Td (and ) Tj ET Q q 0 0 0 rg BT 241.31 346.10 Td (T) Tj ET Q q 0 0 0 rg BT 245.96 346.10 Td (angible ) Tj ET Q q 0 0 0 rg BT 278.45 346.10 Td (Benefit ) Tj ET Q q 0 0 0 rg BT 309.27 346.10 Td (Obligation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 328.10 Td (During ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.79 328.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 123.64 328.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 143.64 328.10 Td (, ) Tj ET Q q 0 0 0 rg BT 148.11 328.10 Td (there ) Tj ET Q q 0 0 0 rg BT 170.05 328.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.57 328.10 Td ($5.95 ) Tj ET Q q 0 0 0 rg BT 212.03 328.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.92 328.10 Td ( ) Tj ET Q q 0 0 0 rg BT 242.89 328.10 Td (for ) Tj ET Q q 0 0 0 rg BT 256.51 328.10 Td (development ) Tj ET Q q 0 0 0 rg BT 310.12 328.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 348.18 328.10 Td (and ) Tj ET Q q 0 0 0 rg BT 364.58 328.10 Td (other ) Tj ET Q q 0 0 0 rg BT 387.09 328.10 Td (char) Tj ET Q q 0 0 0 rg BT 404.12 328.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 419.41 328.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.74 328.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 448.59 328.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.59 328.10 Td (-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.92 328.10 Td ($18.85 ) Tj ET Q q 0 0 0 rg BT 501.39 328.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.28 328.10 Td (\), ) Tj ET Q q 0 0 0 rg BT 538.07 328.10 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 316.10 Td (was ) Tj ET Q q 0 0 0 rg BT 66.99 316.10 Td (made ) Tj ET Q q 0 0 0 rg BT 90.57 316.10 Td (up ) Tj ET Q q 0 0 0 rg BT 102.51 316.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.77 316.10 Td ($1.15 ) Tj ET Q q 0 0 0 rg BT 137.21 316.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.10 316.10 Td ( ) Tj ET Q q 0 0 0 rg BT 168.03 316.10 Td (in ) Tj ET Q q 0 0 0 rg BT 177.74 316.10 Td (severance ) Tj ET Q q 0 0 0 rg BT 219.09 316.10 Td (and ) Tj ET Q q 0 0 0 rg BT 235.46 316.10 Td (other ) Tj ET Q q 0 0 0 rg BT 257.94 316.10 Td (integration ) Tj ET Q q 0 0 0 rg BT 303.20 316.10 Td (costs, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.63 316.10 Td ($3.35 ) Tj ET Q q 0 0 0 rg BT 352.06 316.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.96 316.10 Td ( ) Tj ET Q q 0 0 0 rg BT 382.89 316.10 Td (related ) Tj ET Q q 0 0 0 rg BT 412.02 316.10 Td (to ) Tj ET Q q 0 0 0 rg BT 421.74 316.10 Td (the ) Tj ET Q q 0 0 0 rg BT 435.89 316.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 480.04 316.10 Td (disclosed ) Tj ET Q q 0 0 0 rg BT 519.19 316.10 Td (rebranding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 304.10 Td (of ) Tj ET Q q 0 0 0 rg BT 59.89 304.10 Td (the ) Tj ET Q q 0 0 0 rg BT 74.17 304.10 Td (DHX ) Tj ET Q q 0 0 0 rg BT 97.90 304.10 Td (television ) Tj ET Q q 0 0 0 rg BT 138.84 304.10 Td (channels, ) Tj ET Q q 0 0 0 rg BT 178.39 304.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.89 304.10 Td ($1.45 ) Tj ET Q q 0 0 0 rg BT 219.45 304.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.34 304.10 Td ( ) Tj ET Q q 0 0 0 rg BT 250.41 304.10 Td (in ) Tj ET Q q 0 0 0 rg BT 260.25 304.10 Td (development ) Tj ET Q q 0 0 0 rg BT 313.96 304.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 352.12 304.10 Td (and ) Tj ET Q q 0 0 0 rg BT 368.62 304.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 390.68 304.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 433.84 304.10 Td (with ) Tj ET Q q 0 0 0 rg BT 453.68 304.10 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 503.51 304.10 Td (not ) Tj ET Q q 0 0 0 rg BT 518.35 304.10 Td (completed. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 292.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.55 292.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 108.93 292.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 146.41 292.10 Td ($nil ) Tj ET Q q 0 0 0 rg BT 164.47 292.10 Td (for ) Tj ET Q q 0 0 0 rg BT 178.45 292.10 Td (T) Tj ET Q q 0 0 0 rg BT 183.86 292.10 Td (angible ) Tj ET Q q 0 0 0 rg BT 215.79 292.10 Td (Benefit ) Tj ET Q q 0 0 0 rg BT 247.72 292.10 Td (Obligation ) Tj ET Q q 0 0 0 rg BT 293.00 292.10 Td (Expense ) Tj ET Q q 0 0 0 rg BT 329.37 292.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.70 292.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 359.09 292.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.09 292.10 Td (-$14.22 ) Tj ET Q q 0 0 0 rg BT 412.42 292.10 Td (million\).) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 274.10 Td (W) Tj ET Q q 0 0 0 rg BT 57.28 274.10 Td (rite-down ) Tj ET Q q 0 0 0 rg BT 98.67 274.10 Td (of ) Tj ET Q q 0 0 0 rg BT 108.94 274.10 Td (Certain ) Tj ET Q q 0 0 0 rg BT 142.00 274.10 Td (Investments ) Tj ET Q q 0 0 0 rg BT 191.71 274.10 Td (in ) Tj ET Q q 0 0 0 rg BT 201.99 274.10 Td (Film ) Tj ET Q q 0 0 0 rg BT 223.37 274.10 Td (and ) Tj ET Q q 0 0 0 rg BT 240.87 274.10 Td (T) Tj ET Q q 0 0 0 rg BT 245.52 274.10 Td (elevision ) Tj ET Q q 0 0 0 rg BT 283.56 274.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 293.19 274.10 Td (ograms) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 256.10 Td (During ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.29 256.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 124.63 256.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.63 256.10 Td (, ) Tj ET Q q 0 0 0 rg BT 149.59 256.10 Td (there ) Tj ET Q q 0 0 0 rg BT 172.04 256.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.05 256.10 Td ($1.75 ) Tj ET Q q 0 0 0 rg BT 215.00 256.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.90 256.10 Td ( ) Tj ET Q q 0 0 0 rg BT 246.35 256.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 283.79 256.10 Td (for ) Tj ET Q q 0 0 0 rg BT 297.91 256.10 Td (write-down ) Tj ET Q q 0 0 0 rg BT 346.46 256.10 Td (of ) Tj ET Q q 0 0 0 rg BT 357.25 256.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 386.91 256.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 437.15 256.10 Td (in ) Tj ET Q q 0 0 0 rg BT 447.38 256.10 Td (film ) Tj ET Q q 0 0 0 rg BT 466.51 256.10 Td (and ) Tj ET Q q 0 0 0 rg BT 483.40 256.10 Td (television ) Tj ET Q q 0 0 0 rg BT 524.74 256.10 Td (programs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 244.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.83 244.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 79.22 244.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.22 244.10 Td (-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.55 244.10 Td ($1.81 ) Tj ET Q q 0 0 0 rg BT 127.55 244.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.44 244.10 Td (\).) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 226.10 Td (Acquisition ) Tj ET Q q 0 0 0 rg BT 97.55 226.10 Td (Costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 208.10 Td (During ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.76 208.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 125.59 208.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.59 208.10 Td (, ) Tj ET Q q 0 0 0 rg BT 151.02 208.10 Td (there ) Tj ET Q q 0 0 0 rg BT 173.94 208.10 Td (was ) Tj ET Q q 0 0 0 rg BT 192.43 208.10 Td ($nil ) Tj ET Q q 0 0 0 rg BT 210.92 208.10 Td (for ) Tj ET Q q 0 0 0 rg BT 225.51 208.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 272.33 208.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 295.26 208.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.59 208.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 325.42 208.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.42 208.10 Td (-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.75 208.10 Td ($5.15 ) Tj ET Q q 0 0 0 rg BT 374.18 208.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.07 208.10 Td ( ) Tj ET Q q 0 0 0 rg BT 406.01 208.10 Td (for ) Tj ET Q q 0 0 0 rg BT 420.60 208.10 Td (DHX ) Tj ET Q q 0 0 0 rg BT 444.99 208.10 Td (T) Tj ET Q q 0 0 0 rg BT 450.40 208.10 Td (elevision, ) Tj ET Q q 0 0 0 rg BT 491.94 208.10 Td (Echo ) Tj ET Q q 0 0 0 rg BT 515.42 208.10 Td (Bridge, ) Tj ET Q q 0 0 0 rg BT 548.07 208.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 196.10 Td (Nerd ) Tj ET Q q 0 0 0 rg BT 71.99 196.10 Td (Corps\). ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 178.10 Td (Finance ) Tj ET Q q 0 0 0 rg BT 84.76 178.10 Td (Income ) Tj ET Q q 0 0 0 rg BT 116.69 178.10 Td (\(Expense\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 160.10 Td (For ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 83.76 160.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 110.01 160.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.01 160.10 Td (, ) Tj ET Q q 0 0 0 rg BT 134.88 160.10 Td (the ) Tj ET Q q 0 0 0 rg BT 149.47 160.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 190.72 160.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 228.07 160.10 Td (net ) Tj ET Q q 0 0 0 rg BT 242.65 160.10 Td (finance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.44 160.10 Td (expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.65 160.10 Td ( ) Tj ET Q q 0 0 0 rg BT 309.02 160.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.72 160.10 Td ($29.81 ) Tj ET Q q 0 0 0 rg BT 349.58 160.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.48 160.10 Td ( ) Tj ET Q q 0 0 0 rg BT 380.84 160.10 Td (versus ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.76 160.10 Td ($13.34 ) Tj ET Q q 0 0 0 rg BT 438.63 160.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.52 160.10 Td ( ) Tj ET Q q 0 0 0 rg BT 469.89 160.10 Td (net ) Tj ET Q q 0 0 0 rg BT 484.48 160.10 Td (finance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.27 160.10 Td (expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.48 160.10 Td ( ) Tj ET Q q 0 0 0 rg BT 550.84 160.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 148.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 76.15 148.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.15 148.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.42 148.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 128.07 148.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.07 148.10 Td ( ) Tj ET Q q 0 0 0 rg BT 150.84 148.10 Td (net ) Tj ET Q q 0 0 0 rg BT 165.82 148.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 198.01 148.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 232.98 148.10 Td (consists ) Tj ET Q q 0 0 0 rg BT 267.42 148.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.52 148.10 Td ($19.13 ) Tj ET Q q 0 0 0 rg BT 308.78 148.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.67 148.10 Td ( ) Tj ET Q q 0 0 0 rg BT 340.44 148.10 Td (for ) Tj ET Q q 0 0 0 rg BT 354.87 148.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 387.07 148.10 Td (on ) Tj ET Q q 0 0 0 rg BT 399.83 148.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 442.03 148.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 462.01 148.10 Td (and ) Tj ET Q q 0 0 0 rg BT 479.22 148.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 508.64 148.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 535.28 148.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.61 148.10 Td (Fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 136.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 136.10 Td (-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.83 136.10 Td ($15.26 ) Tj ET Q q 0 0 0 rg BT 102.91 136.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.80 136.10 Td (\), ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.20 136.10 Td ($0.53 ) Tj ET Q q 0 0 0 rg BT 165.28 136.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.17 136.10 Td ( ) Tj ET Q q 0 0 0 rg BT 196.75 136.10 Td (for ) Tj ET Q q 0 0 0 rg BT 210.98 136.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 242.98 136.10 Td (and ) Tj ET Q q 0 0 0 rg BT 260.00 136.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 282.01 136.10 Td (char) Tj ET Q q 0 0 0 rg BT 299.04 136.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 314.94 136.10 Td (including ) Tj ET Q q 0 0 0 rg BT 355.29 136.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 387.30 136.10 Td (on ) Tj ET Q q 0 0 0 rg BT 399.88 136.10 Td (the ) Tj ET Q q 0 0 0 rg BT 414.67 136.10 Td (revolving ) Tj ET Q q 0 0 0 rg BT 455.57 136.10 Td (line ) Tj ET Q q 0 0 0 rg BT 473.14 136.10 Td (of ) Tj ET Q q 0 0 0 rg BT 484.05 136.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 509.39 136.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.72 136.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 539.18 136.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.18 136.10 Td (-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 124.10 Td ($1.35 ) Tj ET Q q 0 0 0 rg BT 76.16 124.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.06 124.10 Td (\), ) Tj ET Q q 0 0 0 rg BT 115.05 124.10 Td (a ) Tj ET Q q 0 0 0 rg BT 123.65 124.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 145.03 124.10 Td (extinguishment ) Tj ET Q q 0 0 0 rg BT 210.85 124.10 Td (char) Tj ET Q q 0 0 0 rg BT 227.88 124.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 241.48 124.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.98 124.10 Td ($1.36 ) Tj ET Q q 0 0 0 rg BT 280.64 124.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.53 124.10 Td ( ) Tj ET Q q 0 0 0 rg BT 313.70 124.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.03 124.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 345.08 124.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.08 124.10 Td (-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.41 124.10 Td ($3.91 ) Tj ET Q q 0 0 0 rg BT 395.07 124.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.96 124.10 Td (\), ) Tj ET Q q 0 0 0 rg BT 433.96 124.10 Td (being ) Tj ET Q q 0 0 0 rg BT 460.34 124.10 Td (the ) Tj ET Q q 0 0 0 rg BT 476.72 124.10 Td (pro-rata ) Tj ET Q q 0 0 0 rg BT 512.52 124.10 Td (share ) Tj ET Q q 0 0 0 rg BT 537.79 124.10 Td (of ) Tj ET Q q 0 0 0 rg BT 550.28 124.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 112.10 Td (unamortized ) Tj ET Q q 0 0 0 rg BT 102.63 112.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 122.99 112.10 Td (issue ) Tj ET Q q 0 0 0 rg BT 146.14 112.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 169.28 112.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 207.40 112.10 Td (at ) Tj ET Q q 0 0 0 rg BT 217.77 112.10 Td (the ) Tj ET Q q 0 0 0 rg BT 233.13 112.10 Td (time ) Tj ET Q q 0 0 0 rg BT 254.05 112.10 Td (of ) Tj ET Q q 0 0 0 rg BT 265.52 112.10 Td (repayment ) Tj ET Q q 0 0 0 rg BT 310.87 112.10 Td (of ) Tj ET Q q 0 0 0 rg BT 322.35 112.10 Td (the ) Tj ET Q q 0 0 0 rg BT 337.02 112.10 Td (Amended ) Tj ET Q q 0 0 0 rg BT 378.81 112.10 Td (T) Tj ET Q q 0 0 0 rg BT 384.22 112.10 Td (erm ) Tj ET Q q 0 0 0 rg BT 402.92 112.10 Td (Facility ) Tj ET Q q 0 0 0 rg BT 436.61 112.10 Td (\(see ) Tj ET Q q 0 0 0 rg BT 455.86 112.10 Td ("Senior ) Tj ET Q q 0 0 0 rg BT 489.19 112.10 Td (Unsecured ) Tj ET Q q 0 0 0 rg BT 535.10 112.10 Td (Notes" ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 100.10 Td (section ) Tj ET Q q 0 0 0 rg BT 79.77 100.10 Td (of ) Tj ET Q q 0 0 0 rg BT 90.05 100.10 Td (the ) Tj ET Q q 0 0 0 rg BT 104.21 100.10 Td (MD&A) Tj ET Q q 0 0 0 rg BT 134.78 100.10 Td ( ) Tj ET Q q 0 0 0 rg BT 136.72 100.10 Td (for ) Tj ET Q q 0 0 0 rg BT 150.33 100.10 Td (more ) Tj ET Q q 0 0 0 rg BT 172.82 100.10 Td (details\), ) Tj ET Q q 0 0 0 rg BT 206.71 100.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 240.86 100.10 Td (to ) Tj ET Q q 0 0 0 rg BT 250.58 100.10 Td (the ) Tj ET Q q 0 0 0 rg BT 264.75 100.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 283.91 100.10 Td (premium ) Tj ET Q q 0 0 0 rg BT 321.96 100.10 Td (of ) Tj ET Q q 0 0 0 rg BT 332.24 100.10 Td (the ) Tj ET Q q 0 0 0 rg BT 346.41 100.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 374.46 100.10 Td (Unsecured ) Tj ET Q q 0 0 0 rg BT 419.17 100.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 444.44 100.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.72 100.10 Td ($0.07 ) Tj ET Q q 0 0 0 rg BT 479.17 100.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.06 100.10 Td ( ) Tj ET Q q 0 0 0 rg BT 510.01 100.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.34 100.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 539.17 100.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.17 100.10 Td (-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 88.10 Td ($0.02 ) Tj ET Q q 0 0 0 rg BT 74.29 88.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.18 88.10 Td (\), ) Tj ET Q q 0 0 0 rg BT 111.30 88.10 Td (accretion ) Tj ET Q q 0 0 0 rg BT 150.23 88.10 Td (on ) Tj ET Q q 0 0 0 rg BT 162.51 88.10 Td (the ) Tj ET Q q 0 0 0 rg BT 177.02 88.10 Td (tangible ) Tj ET Q q 0 0 0 rg BT 211.52 88.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 241.57 88.10 Td (obligation ) Tj ET Q q 0 0 0 rg BT 284.41 88.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.02 88.10 Td ($0.49 ) Tj ET Q q 0 0 0 rg BT 319.81 88.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.70 88.10 Td ( ) Tj ET Q q 0 0 0 rg BT 350.99 88.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.32 88.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 380.50 88.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.50 88.10 Td (-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.83 88.10 Td ($0.80 ) Tj ET Q q 0 0 0 rg BT 428.61 88.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.51 88.10 Td (\), ) Tj ET Q q 0 0 0 rg BT 465.62 88.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 500.12 88.10 Td (in ) Tj ET Q q 0 0 0 rg BT 510.18 88.10 Td (the ) Tj ET Q q 0 0 0 rg BT 524.69 88.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 540.85 88.10 Td (value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 76.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.19 76.10 Td (the ) Tj ET Q q 0 0 0 rg BT 74.78 76.10 Td (redemption ) Tj ET Q q 0 0 0 rg BT 122.68 76.10 Td (option ) Tj ET Q q 0 0 0 rg BT 150.60 76.10 Td (on ) Tj ET Q q 0 0 0 rg BT 162.97 76.10 Td (the ) Tj ET Q q 0 0 0 rg BT 177.55 76.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 206.02 76.10 Td (Unsecured ) Tj ET Q q 0 0 0 rg BT 251.15 76.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 276.84 76.10 Td (of ) Tj ET Q q 0 0 0 rg BT 287.54 76.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.90 76.10 Td ($1.95 ) Tj ET Q q 0 0 0 rg BT 314.77 76.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.66 76.10 Td ( ) Tj ET Q q 0 0 0 rg BT 346.02 76.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.35 76.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 375.60 76.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.60 76.10 Td (-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.93 76.10 Td ($\(0.68\) ) Tj ET Q q 0 0 0 rg BT 430.46 76.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.35 76.10 Td (\), ) Tj ET Q q 0 0 0 rg BT 467.55 76.10 Td ( ) Tj ET Q q 0 0 0 rg BT 469.91 76.10 Td (and ) Tj ET Q q 0 0 0 rg BT 486.71 76.10 Td (a ) Tj ET Q q 0 0 0 rg BT 493.52 76.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 524.76 76.10 Td (exchange ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 64.10 Td (loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.06 64.10 Td ( ) Tj ET Q q 0 0 0 rg BT 67.16 64.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.58 64.10 Td ($6.62 ) Tj ET Q q 0 0 0 rg BT 102.18 64.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.07 64.10 Td ( ) Tj ET Q q 0 0 0 rg BT 133.17 64.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.50 64.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 162.48 64.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.48 64.10 Td (-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.81 64.10 Td ($\(7.04\) ) Tj ET Q q 0 0 0 rg BT 217.07 64.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.96 64.10 Td ( ) Tj ET Q q 0 0 0 rg BT 248.06 64.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 279.03 64.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 318.88 64.10 Td (gain\), ) Tj ET Q q 0 0 0 rg BT 344.02 64.10 Td (of) Tj ET Q q 0 0 0 rg BT 352.17 64.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 368.71 64.10 Td (by ) Tj ET Q q 0 0 0 rg BT 380.80 64.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 412.33 64.10 Td (income ) Tj ET Q q 0 0 0 rg BT 443.86 64.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.29 64.10 Td ($0.34 ) Tj ET Q q 0 0 0 rg BT 478.88 64.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.78 64.10 Td ( ) Tj ET Q q 0 0 0 rg BT 509.87 64.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.20 64.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 539.18 64.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.18 64.10 Td (-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 52.10 Td ($0.27 ) Tj ET Q q 0 0 0 rg BT 74.50 52.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.39 52.10 Td (\).) Tj ET Q endstream endobj 23 0 obj <> endobj 24 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6 0.6 0.6 rg BT 301.15 31.60 Td (1) Tj ET Q q 0.6 0.6 0.6 rg BT 305.78 31.60 Td (1) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 49.50 742.25 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 88.12 742.25 Td (EBITDA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 724.25 Td (For ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.64 724.25 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 111.78 724.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.78 724.25 Td (, ) Tj ET Q q 0 0 0 rg BT 136.82 724.25 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 176.18 724.25 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 212.29 724.25 Td ( ) Tj ET Q q 0 0 0 rg BT 215.54 724.25 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.34 724.25 Td ($103.69 ) Tj ET Q q 0 0 0 rg BT 270.09 724.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.98 724.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.74 724.25 Td (up) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.74 724.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.99 724.25 Td ($13.48 ) Tj ET Q q 0 0 0 rg BT 348.74 724.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.63 724.25 Td ( ) Tj ET Q q 0 0 0 rg BT 380.88 724.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.47 724.25 Td (15%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.80 724.25 Td ( ) Tj ET Q q 0 0 0 rg BT 414.05 724.25 Td (over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.07 724.25 Td ($90.21 ) Tj ET Q q 0 0 0 rg BT 465.82 724.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.71 724.25 Td ( ) Tj ET Q q 0 0 0 rg BT 497.96 724.25 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.88 724.25 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 540.01 724.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.01 724.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 712.25 Td (Please ) Tj ET Q q 0 0 0 rg BT 77.37 712.25 Td (see ) Tj ET Q q 0 0 0 rg BT 92.45 712.25 Td (the ) Tj ET Q q 0 0 0 rg BT 106.99 712.25 Td ("Use ) Tj ET Q q 0 0 0 rg BT 128.94 712.25 Td (of ) Tj ET Q q 0 0 0 rg BT 139.59 712.25 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 187.00 712.25 Td ( ) Tj ET Q q 0 0 0 rg BT 189.32 712.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 228.85 712.25 Td (Measures" ) Tj ET Q q 0 0 0 rg BT 273.57 712.25 Td (and ) Tj ET Q q 0 0 0 rg BT 290.33 712.25 Td ("Reconciliation ) Tj ET Q q 0 0 0 rg BT 355.05 712.25 Td (of ) Tj ET Q q 0 0 0 rg BT 365.70 712.25 Td (Historical ) Tj ET Q q 0 0 0 rg BT 407.45 712.25 Td (Results ) Tj ET Q q 0 0 0 rg BT 439.22 712.25 Td (to ) Tj ET Q q 0 0 0 rg BT 448.80 712.25 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 487.23 712.25 Td (EBITDA" ) Tj ET Q q 0 0 0 rg BT 530.29 712.25 Td (sections ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 700.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.33 700.25 Td (this ) Tj ET Q q 0 0 0 rg BT 77.28 700.25 Td (MD&A) Tj ET Q q 0 0 0 rg BT 107.84 700.25 Td ( ) Tj ET Q q 0 0 0 rg BT 110.34 700.25 Td (for ) Tj ET Q q 0 0 0 rg BT 124.50 700.25 Td (the ) Tj ET Q q 0 0 0 rg BT 139.22 700.25 Td (definition ) Tj ET Q q 0 0 0 rg BT 180.60 700.25 Td (and ) Tj ET Q q 0 0 0 rg BT 197.54 700.25 Td (calculation ) Tj ET Q q 0 0 0 rg BT 243.90 700.25 Td (of ) Tj ET Q q 0 0 0 rg BT 254.18 700.25 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 292.79 700.25 Td (EBITDA.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 682.25 Td (Income ) Tj ET Q q 0 0 0 rg BT 83.11 682.25 Td (T) Tj ET Q q 0 0 0 rg BT 88.30 682.25 Td (axes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 664.25 Td (Income ) Tj ET Q q 0 0 0 rg BT 99.20 664.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 113.13 664.25 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.50 664.25 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 152.10 664.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.10 664.25 Td ( ) Tj ET Q q 0 0 0 rg BT 173.82 664.25 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.08 664.25 Td (an ) Tj ET Q q 0 0 0 rg BT 202.24 664.25 Td (expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.44 664.25 Td ( ) Tj ET Q q 0 0 0 rg BT 236.16 664.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.20 664.25 Td ($5.12 ) Tj ET Q q 0 0 0 rg BT 270.42 664.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.31 664.25 Td ( ) Tj ET Q q 0 0 0 rg BT 301.02 664.25 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.35 664.25 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 329.95 664.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.95 664.25 Td (-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.28 664.25 Td ($5.74 ) Tj ET Q q 0 0 0 rg BT 377.50 664.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.39 664.25 Td ( ) Tj ET Q q 0 0 0 rg BT 408.10 664.25 Td (tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.03 664.25 Td (expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.24 664.25 Td (\) ) Tj ET Q q 0 0 0 rg BT 459.28 664.25 Td (made ) Tj ET Q q 0 0 0 rg BT 482.65 664.25 Td (up ) Tj ET Q q 0 0 0 rg BT 494.37 664.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.41 664.25 Td ($16.93 ) Tj ET Q q 0 0 0 rg BT 533.62 664.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 652.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 84.10 652.25 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.43 652.25 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 113.72 652.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.72 652.25 Td (-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.05 652.25 Td ($14.04 ) Tj ET Q q 0 0 0 rg BT 166.95 652.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.84 652.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.24 652.25 Td (expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.44 652.25 Td (\) ) Tj ET Q q 0 0 0 rg BT 236.17 652.25 Td (for ) Tj ET Q q 0 0 0 rg BT 250.23 652.25 Td (current ) Tj ET Q q 0 0 0 rg BT 280.94 652.25 Td (income ) Tj ET Q q 0 0 0 rg BT 312.77 652.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 327.39 652.25 Td (and ) Tj ET Q q 0 0 0 rg BT 344.22 652.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 379.92 652.25 Td (income ) Tj ET Q q 0 0 0 rg BT 411.76 652.25 Td (tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.37 652.25 Td (recovery) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.35 652.25 Td ( ) Tj ET Q q 0 0 0 rg BT 463.74 652.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.47 652.25 Td ($1) Tj ET Q q 0 0 0 rg BT 484.10 652.25 Td (1.81 ) Tj ET Q q 0 0 0 rg BT 504.00 652.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.89 652.25 Td ( ) Tj ET Q q 0 0 0 rg BT 535.29 652.25 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.62 652.25 Td (Fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 640.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 640.25 Td (-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.83 640.25 Td ($8.30 ) Tj ET Q q 0 0 0 rg BT 97.83 640.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.72 640.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.22 640.25 Td (recovery) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.20 640.25 Td (\). ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 622.25 Td (Net ) Tj ET Q q 0 0 0 rg BT 66.44 622.25 Td (Income ) Tj ET Q q 0 0 0 rg BT 100.05 622.25 Td (\(Loss\) ) Tj ET Q q 0 0 0 rg BT 128.10 622.25 Td (and ) Tj ET Q q 0 0 0 rg BT 146.16 622.25 Td (Comprehensive ) Tj ET Q q 0 0 0 rg BT 212.55 622.25 Td (Income ) Tj ET Q q 0 0 0 rg BT 246.16 622.25 Td (\(Loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 604.25 Td (For ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 83.23 604.25 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 108.96 604.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.96 604.25 Td ( ) Tj ET Q q 0 0 0 rg BT 130.80 604.25 Td (net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.85 604.25 Td (income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.29 604.25 Td ( ) Tj ET Q q 0 0 0 rg BT 176.13 604.25 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.52 604.25 Td ($27.67 ) Tj ET Q q 0 0 0 rg BT 222.86 604.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.75 604.25 Td ( ) Tj ET Q q 0 0 0 rg BT 253.59 604.25 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.92 604.25 Td ($0.22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.42 604.25 Td ( ) Tj ET Q q 0 0 0 rg BT 281.26 604.25 Td (basic ) Tj ET Q q 0 0 0 rg BT 303.65 604.25 Td (and ) Tj ET Q q 0 0 0 rg BT 319.93 604.25 Td (diluted ) Tj ET Q q 0 0 0 rg BT 349.54 604.25 Td (earnings ) Tj ET Q q 0 0 0 rg BT 385.26 604.25 Td (per ) Tj ET Q q 0 0 0 rg BT 399.86 604.25 Td (share\), ) Tj ET Q q 0 0 0 rg BT 428.63 604.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 469.90 604.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.51 604.25 Td (net ) Tj ET Q q 0 0 0 rg BT 493.57 604.25 Td (income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.00 604.25 Td ( ) Tj ET Q q 0 0 0 rg BT 524.84 604.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.01 604.25 Td ($19.53 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 592.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.39 592.25 Td ( ) Tj ET Q q 0 0 0 rg BT 81.41 592.25 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.74 592.25 Td ($0.16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.24 592.25 Td ( ) Tj ET Q q 0 0 0 rg BT 110.25 592.25 Td (basic ) Tj ET Q q 0 0 0 rg BT 133.82 592.25 Td (and ) Tj ET Q q 0 0 0 rg BT 151.27 592.25 Td (diluted ) Tj ET Q q 0 0 0 rg BT 182.06 592.25 Td (income ) Tj ET Q q 0 0 0 rg BT 214.51 592.25 Td (per ) Tj ET Q q 0 0 0 rg BT 230.30 592.25 Td (share\) ) Tj ET Q q 0 0 0 rg BT 257.74 592.25 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.42 592.25 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 299.32 592.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.32 592.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.84 592.25 Td (an ) Tj ET Q q 0 0 0 rg BT 337.30 592.25 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.05 592.25 Td ( ) Tj ET Q q 0 0 0 rg BT 373.07 592.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.41 592.25 Td ($8.14 ) Tj ET Q q 0 0 0 rg BT 409.93 592.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.82 592.25 Td ( ) Tj ET Q q 0 0 0 rg BT 441.84 592.25 Td (in ) Tj ET Q q 0 0 0 rg BT 452.63 592.25 Td (absolute ) Tj ET Q q 0 0 0 rg BT 488.97 592.25 Td (dollars. ) Tj ET Q q 0 0 0 rg BT 521.71 592.25 Td (For ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.62 592.25 Td (Fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 580.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 580.25 Td (, ) Tj ET Q q 0 0 0 rg BT 74.27 580.25 Td (net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.76 580.25 Td (income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.19 580.25 Td ( ) Tj ET Q q 0 0 0 rg BT 120.46 580.25 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 156.05 580.25 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.88 580.25 Td ($32.79 ) Tj ET Q q 0 0 0 rg BT 203.64 580.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.54 580.25 Td (, ) Tj ET Q q 0 0 0 rg BT 237.31 580.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.91 580.25 Td ($0.26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.41 580.25 Td ( ) Tj ET Q q 0 0 0 rg BT 272.67 580.25 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 308.27 580.25 Td (basic ) Tj ET Q q 0 0 0 rg BT 331.09 580.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.79 580.25 Td ($0.26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.29 580.25 Td ( ) Tj ET Q q 0 0 0 rg BT 372.56 580.25 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 408.16 580.25 Td (diluted ) Tj ET Q q 0 0 0 rg BT 438.20 580.25 Td (earnings ) Tj ET Q q 0 0 0 rg BT 474.35 580.25 Td (per ) Tj ET Q q 0 0 0 rg BT 489.39 580.25 Td (share, ) Tj ET Q q 0 0 0 rg BT 515.25 580.25 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 550.85 580.25 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 568.25 Td (identified ) Tj ET Q q 0 0 0 rg BT 89.77 568.25 Td (char) Tj ET Q q 0 0 0 rg BT 106.80 568.25 Td (ges ) Tj ET Q q 0 0 0 rg BT 122.08 568.25 Td (totaling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.58 568.25 Td ($5.12 ) Tj ET Q q 0 0 0 rg BT 179.04 568.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.93 568.25 Td ( ) Tj ET Q q 0 0 0 rg BT 209.88 568.25 Td (\(net ) Tj ET Q q 0 0 0 rg BT 227.38 568.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.66 568.25 Td ($2.20 ) Tj ET Q q 0 0 0 rg BT 262.11 568.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.01 568.25 Td ( ) Tj ET Q q 0 0 0 rg BT 292.96 568.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 307.13 568.25 Td (ef) Tj ET Q q 0 0 0 rg BT 314.71 568.25 Td (fect\). ) Tj ET Q q 0 0 0 rg BT 337.48 568.25 Td (Net ) Tj ET Q q 0 0 0 rg BT 353.87 568.25 Td (income ) Tj ET Q q 0 0 0 rg BT 385.26 568.25 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 420.54 568.25 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.16 568.25 Td (down) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.38 568.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.33 568.25 Td (15%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.66 568.25 Td ( ) Tj ET Q q 0 0 0 rg BT 473.61 568.25 Td (as ) Tj ET Q q 0 0 0 rg BT 483.90 568.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 525.27 568.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.00 568.25 Td ($38.40 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 556.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.39 556.25 Td ( ) Tj ET Q q 0 0 0 rg BT 80.52 556.25 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 115.98 556.25 Td (net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.33 556.25 Td (income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.77 556.25 Td ( ) Tj ET Q q 0 0 0 rg BT 161.90 556.25 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.69 556.25 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 201.71 556.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.71 556.25 Td ( ) Tj ET Q q 0 0 0 rg BT 223.84 556.25 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 259.30 556.25 Td (identified ) Tj ET Q q 0 0 0 rg BT 299.75 556.25 Td (char) Tj ET Q q 0 0 0 rg BT 316.78 556.25 Td (ges ) Tj ET Q q 0 0 0 rg BT 332.24 556.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.71 556.25 Td ($18.87 ) Tj ET Q q 0 0 0 rg BT 372.34 556.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.23 556.25 Td ( ) Tj ET Q q 0 0 0 rg BT 403.36 556.25 Td (\(net ) Tj ET Q q 0 0 0 rg BT 421.04 556.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.51 556.25 Td ($7.94 ) Tj ET Q q 0 0 0 rg BT 456.14 556.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.03 556.25 Td ( ) Tj ET Q q 0 0 0 rg BT 487.16 556.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 501.51 556.25 Td (ef) Tj ET Q q 0 0 0 rg BT 509.10 556.25 Td (fect\) ) Tj ET Q q 0 0 0 rg BT 529.55 556.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.01 556.25 Td ($0.32) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 544.25 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 85.29 544.25 Td (basic ) Tj ET Q q 0 0 0 rg BT 108.29 544.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.19 544.25 Td ($0.31) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.69 544.25 Td ( ) Tj ET Q q 0 0 0 rg BT 150.15 544.25 Td (diluted ) Tj ET Q q 0 0 0 rg BT 180.38 544.25 Td (earnings ) Tj ET Q q 0 0 0 rg BT 216.72 544.25 Td (per ) Tj ET Q q 0 0 0 rg BT 231.95 544.25 Td (share. ) Tj ET Q q 0 0 0 rg BT 258.01 544.25 Td (Please ) Tj ET Q q 0 0 0 rg BT 286.01 544.25 Td (see ) Tj ET Q q 0 0 0 rg BT 301.24 544.25 Td (the ) Tj ET Q q 0 0 0 rg BT 315.92 544.25 Td ("Use ) Tj ET Q q 0 0 0 rg BT 338.01 544.25 Td (of ) Tj ET Q q 0 0 0 rg BT 348.80 544.25 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 396.21 544.25 Td ( ) Tj ET Q q 0 0 0 rg BT 398.67 544.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 438.34 544.25 Td (Measures" ) Tj ET Q q 0 0 0 rg BT 483.21 544.25 Td (and ) Tj ET Q q 0 0 0 rg BT 500.10 544.25 Td ("Reconciliation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 532.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.33 532.25 Td (Historical ) Tj ET Q q 0 0 0 rg BT 102.26 532.25 Td (Results ) Tj ET Q q 0 0 0 rg BT 134.21 532.25 Td (to ) Tj ET Q q 0 0 0 rg BT 143.94 532.25 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 182.55 532.25 Td (Net ) Tj ET Q q 0 0 0 rg BT 199.49 532.25 Td (Income" ) Tj ET Q q 0 0 0 rg BT 236.05 532.25 Td (sections ) Tj ET Q q 0 0 0 rg BT 270.77 532.25 Td (of ) Tj ET Q q 0 0 0 rg BT 281.60 532.25 Td (this ) Tj ET Q q 0 0 0 rg BT 298.55 532.25 Td (MD&A. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 514.25 Td (Comprehensive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.47 514.25 Td (income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.91 514.25 Td ( ) Tj ET Q q 0 0 0 rg BT 164.12 514.25 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.99 514.25 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 204.09 514.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.09 514.25 Td ( ) Tj ET Q q 0 0 0 rg BT 226.30 514.25 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.06 514.25 Td ($15.74 ) Tj ET Q q 0 0 0 rg BT 273.77 514.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.66 514.25 Td (, ) Tj ET Q q 0 0 0 rg BT 307.38 514.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 349.01 514.25 Td (to ) Tj ET Q q 0 0 0 rg BT 359.00 514.25 Td (comprehensive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.74 514.25 Td (income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.18 514.25 Td ( ) Tj ET Q q 0 0 0 rg BT 453.39 514.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.93 514.25 Td ($12.38 ) Tj ET Q q 0 0 0 rg BT 493.64 514.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.53 514.25 Td ( ) Tj ET Q q 0 0 0 rg BT 524.74 514.25 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.61 514.25 Td (Fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 502.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 502.25 Td (, ) Tj ET Q q 0 0 0 rg BT 74.50 502.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.33 502.25 Td (an ) Tj ET Q q 0 0 0 rg BT 97.27 502.25 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.02 502.25 Td ( ) Tj ET Q q 0 0 0 rg BT 132.52 502.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 143.35 502.25 Td ($3.36 ) Tj ET Q q 0 0 0 rg BT 168.35 502.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.24 502.25 Td ( ) Tj ET Q q 0 0 0 rg BT 199.74 502.25 Td (in ) Tj ET Q q 0 0 0 rg BT 210.02 502.25 Td (absolute ) Tj ET Q q 0 0 0 rg BT 245.85 502.25 Td (dollars.) Tj ET Q endstream endobj 25 0 obj <> endobj 26 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6 0.6 0.6 rg BT 301.00 31.60 Td (12) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 147.30 718.10 Td (SELECTED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 262.98 718.10 Td (TED QUAR) Tj ET Q q 0 0 0 rg BT 315.13 718.10 Td (TERL) Tj ET Q q 0 0 0 rg BT 341.45 718.10 Td (Y) Tj ET Q q 0 0 0 rg BT 348.30 718.10 Td ( FINANCIAL) Tj ET Q q 0 0 0 rg BT 406.91 718.10 Td ( INFORMA) Tj ET Q q 0 0 0 rg BT 457.55 718.10 Td (TION) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 700.10 Td (The ) Tj ET Q q 0 0 0 rg BT 86.34 700.10 Td (following ) Tj ET Q q 0 0 0 rg BT 128.01 700.10 Td (table ) Tj ET Q q 0 0 0 rg BT 150.24 700.10 Td (sets ) Tj ET Q q 0 0 0 rg BT 168.03 700.10 Td (out ) Tj ET Q q 0 0 0 rg BT 183.59 700.10 Td (selected ) Tj ET Q q 0 0 0 rg BT 218.58 700.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 271.92 700.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 309.69 700.10 Td (information ) Tj ET Q q 0 0 0 rg BT 359.69 700.10 Td (for ) Tj ET Q q 0 0 0 rg BT 374.14 700.10 Td (each ) Tj ET Q q 0 0 0 rg BT 395.24 700.10 Td (of ) Tj ET Q q 0 0 0 rg BT 406.36 700.10 Td (the ) Tj ET Q q 0 0 0 rg BT 421.37 700.10 Td (last ) Tj ET Q q 0 0 0 rg BT 438.04 700.10 Td (eight ) Tj ET Q q 0 0 0 rg BT 460.83 700.10 Td (quarters ) Tj ET Q q 0 0 0 rg BT 495.83 700.10 Td (with ) Tj ET Q q 0 0 0 rg BT 516.39 700.10 Td (the ) Tj ET Q q 0 0 0 rg BT 531.40 700.10 Td (last ) Tj ET Q q 0 0 0 rg BT 548.08 700.10 Td (one ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 688.10 Td (being ) Tj ET Q q 0 0 0 rg BT 74.24 688.10 Td (the ) Tj ET Q q 0 0 0 rg BT 88.48 688.10 Td (most ) Tj ET Q q 0 0 0 rg BT 109.95 688.10 Td (recent ) Tj ET Q q 0 0 0 rg BT 136.39 688.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 166.73 688.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.63 688.10 Td (June30, ) Tj ET Q q 0 0 0 rg BT 227.98 688.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.98 688.10 Td (. ) Tj ET Q q 0 0 0 rg BT 252.50 688.10 Td (In ) Tj ET Q q 0 0 0 rg BT 262.85 688.10 Td (the ) Tj ET Q q 0 0 0 rg BT 277.09 688.10 Td (opinion ) Tj ET Q q 0 0 0 rg BT 309.67 688.10 Td (of ) Tj ET Q q 0 0 0 rg BT 320.02 688.10 Td (Management, ) Tj ET Q q 0 0 0 rg BT 376.74 688.10 Td (this ) Tj ET Q q 0 0 0 rg BT 393.21 688.10 Td (information ) Tj ET Q q 0 0 0 rg BT 442.45 688.10 Td (has ) Tj ET Q q 0 0 0 rg BT 457.80 688.10 Td (been ) Tj ET Q q 0 0 0 rg BT 478.70 688.10 Td (prepared ) Tj ET Q q 0 0 0 rg BT 515.69 688.10 Td (on ) Tj ET Q q 0 0 0 rg BT 527.71 688.10 Td (the ) Tj ET Q q 0 0 0 rg BT 541.95 688.10 Td (same ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 73.04 676.10 Td (as ) Tj ET Q q 0 0 0 rg BT 84.41 676.10 Td (the ) Tj ET Q q 0 0 0 rg BT 99.66 676.10 Td (audited ) Tj ET Q q 0 0 0 rg BT 132.13 676.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 185.72 676.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 223.73 676.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 268.98 676.10 Td (for ) Tj ET Q q 0 0 0 rg BT 283.68 676.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.94 676.10 Td (years ) Tj ET Q q 0 0 0 rg BT 323.08 676.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 349.99 676.10 Td (June ) Tj ET Q q 0 0 0 rg BT 371.36 676.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 386.90 676.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 409.94 676.10 Td (and ) Tj ET Q q 0 0 0 rg BT 427.41 676.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.41 676.10 Td ( ) Tj ET Q q 0 0 0 rg BT 450.45 676.10 Td (as ) Tj ET Q q 0 0 0 rg BT 461.82 676.10 Td (filed ) Tj ET Q q 0 0 0 rg BT 483.19 676.10 Td (on ) Tj ET Q q 0 0 0 rg BT 496.22 676.10 Td (www) Tj ET Q q 0 0 0 rg BT 517.24 676.10 Td (.sedar) Tj ET Q q 0 0 0 rg BT 540.29 676.10 Td (.com, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 664.10 Td (DHX) Tj ET Q q 0 0 0 rg BT 74.44 664.10 Td (s ) Tj ET Q q 0 0 0 rg BT 81.54 664.10 Td (website ) Tj ET Q q 0 0 0 rg BT 115.29 664.10 Td (at ) Tj ET Q q 0 0 0 rg BT 125.72 664.10 Td (www) Tj ET Q q 0 0 0 rg BT 146.73 664.10 Td (.dhxmedia.com, ) Tj ET Q q 0 0 0 rg BT 214.09 664.10 Td (or ) Tj ET Q q 0 0 0 rg BT 225.62 664.10 Td (on ) Tj ET Q q 0 0 0 rg BT 238.83 664.10 Td (EDGAR ) Tj ET Q q 0 0 0 rg BT 276.48 664.10 Td (at ) Tj ET Q q 0 0 0 rg BT 286.90 664.10 Td (www) Tj ET Q q 0 0 0 rg BT 307.92 664.10 Td (.sec.gov/edgar) Tj ET Q q 0 0 0 rg BT 365.12 664.10 Td (.shtml, ) Tj ET Q q 0 0 0 rg BT 395.55 664.10 Td (and ) Tj ET Q q 0 0 0 rg BT 413.19 664.10 Td (all ) Tj ET Q q 0 0 0 rg BT 426.39 664.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 468.47 664.10 Td (adjustments, ) Tj ET Q q 0 0 0 rg BT 521.95 664.10 Td (consisting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.10 Td (only ) Tj ET Q q 0 0 0 rg BT 70.63 652.10 Td (of ) Tj ET Q q 0 0 0 rg BT 81.80 652.10 Td (normal ) Tj ET Q q 0 0 0 rg BT 112.98 652.10 Td (recurring ) Tj ET Q q 0 0 0 rg BT 152.47 652.10 Td (adjustments, ) Tj ET Q q 0 0 0 rg BT 205.59 652.10 Td (have ) Tj ET Q q 0 0 0 rg BT 227.32 652.10 Td (been ) Tj ET Q q 0 0 0 rg BT 249.04 652.10 Td (included ) Tj ET Q q 0 0 0 rg BT 286.33 652.10 Td (in ) Tj ET Q q 0 0 0 rg BT 296.95 652.10 Td (the ) Tj ET Q q 0 0 0 rg BT 312.02 652.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 348.75 652.10 Td (stated ) Tj ET Q q 0 0 0 rg BT 374.92 652.10 Td (below ) Tj ET Q q 0 0 0 rg BT 402.21 652.10 Td (to ) Tj ET Q q 0 0 0 rg BT 412.84 652.10 Td (present ) Tj ET Q q 0 0 0 rg BT 444.56 652.10 Td (fairly ) Tj ET Q q 0 0 0 rg BT 469.07 652.10 Td (the ) Tj ET Q q 0 0 0 rg BT 484.13 652.10 Td (unaudited ) Tj ET Q q 0 0 0 rg BT 526.41 652.10 Td (quarterly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.10 Td (results ) Tj ET Q q 0 0 0 rg BT 77.69 640.10 Td (when ) Tj ET Q q 0 0 0 rg BT 100.93 640.10 Td (read ) Tj ET Q q 0 0 0 rg BT 119.72 640.10 Td (in ) Tj ET Q q 0 0 0 rg BT 129.08 640.10 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 177.87 640.10 Td (with ) Tj ET Q q 0 0 0 rg BT 197.23 640.10 Td (the ) Tj ET Q q 0 0 0 rg BT 211.03 640.10 Td (audited ) Tj ET Q q 0 0 0 rg BT 242.04 640.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 294.17 640.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 330.73 640.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 374.52 640.10 Td (and ) Tj ET Q q 0 0 0 rg BT 390.54 640.10 Td (the ) Tj ET Q q 0 0 0 rg BT 404.34 640.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 427.03 640.10 Td (to ) Tj ET Q q 0 0 0 rg BT 436.39 640.10 Td (those ) Tj ET Q q 0 0 0 rg BT 459.08 640.10 Td (statements. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 505.37 640.10 Td (The ) Tj ET Q q 0 0 0 rg BT 523.06 640.10 Td (operating ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 628.10 Td (results ) Tj ET Q q 0 0 0 rg BT 79.73 628.10 Td (for ) Tj ET Q q 0 0 0 rg BT 94.45 628.10 Td (any ) Tj ET Q q 0 0 0 rg BT 111.95 628.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 145.01 628.10 Td (should ) Tj ET Q q 0 0 0 rg BT 175.31 628.10 Td (not ) Tj ET Q q 0 0 0 rg BT 191.15 628.10 Td (be ) Tj ET Q q 0 0 0 rg BT 203.09 628.10 Td (relied ) Tj ET Q q 0 0 0 rg BT 228.91 628.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 252.53 628.10 Td (as ) Tj ET Q q 0 0 0 rg BT 263.93 628.10 Td (an ) Tj ET Q q 0 0 0 rg BT 276.99 628.10 Td (indication ) Tj ET Q q 0 0 0 rg BT 321.16 628.10 Td (of ) Tj ET Q q 0 0 0 rg BT 331.99 628.10 Td (results ) Tj ET Q q 0 0 0 rg BT 361.72 628.10 Td (for ) Tj ET Q q 0 0 0 rg BT 376.45 628.10 Td (any ) Tj ET Q q 0 0 0 rg BT 393.95 628.10 Td (future ) Tj ET Q q 0 0 0 rg BT 422.01 628.10 Td (period.) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 212.75 611.6 m 212.75 604.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 212.75 611.6 m 255.75 611.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255.75 611.6 m 297.75 611.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.75 611.6 m 338.75 611.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.75 611.6 m 385.75 604.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.75 611.6 m 385.75 611.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.75 611.6 m 426.75 611.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.75 611.6 m 472.75 611.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.75 611.6 m 516.75 611.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 561.75 611.6 m 561.75 604.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516.75 611.6 m 561.75 611.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 212.75 604.6 m 212.75 589.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 212.75 589.6 m 255.75 589.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.75 589.6 m 338.75 589.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.75 604.6 m 385.75 589.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.75 589.6 m 385.75 589.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.75 589.6 m 426.75 589.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.75 589.6 m 516.75 589.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 561.75 604.6 m 561.75 589.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516.75 589.6 m 561.75 589.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.75 589.6 m 49.75 574.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.75 589.6 m 212.75 589.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 212.75 589.6 m 212.75 574.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255.75 589.6 m 297.75 589.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.75 589.6 m 385.75 574.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.75 589.6 m 472.75 589.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 561.75 589.6 m 561.75 574.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.75 574.6 m 49.75 559.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 212.75 574.6 m 212.75 559.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.75 574.6 m 385.75 559.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 561.75 574.6 m 561.75 559.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.75 559.6 m 49.75 544.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 212.75 559.6 m 212.75 544.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.75 559.6 m 385.75 544.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 561.75 559.6 m 561.75 544.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.75 544.6 m 49.75 539.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.75 539.6 m 212.75 539.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 212.75 544.6 m 212.75 539.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255.75 539.6 m 297.75 539.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.75 539.6 m 338.75 539.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.75 544.6 m 385.75 539.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.75 539.6 m 426.75 539.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.75 539.6 m 472.75 539.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.75 539.6 m 516.75 539.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 561.75 544.6 m 561.75 539.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516.75 539.6 m 561.75 539.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.75 539.6 m 49.75 524.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.75 539.6 m 212.75 539.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 212.75 539.6 m 212.75 524.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 212.75 539.6 m 255.75 539.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.75 539.6 m 385.75 524.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.75 539.6 m 385.75 539.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 561.75 539.6 m 561.75 524.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.75 524.6 m 49.75 509.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 212.75 524.6 m 212.75 509.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.75 524.6 m 385.75 509.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 561.75 524.6 m 561.75 509.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.75 509.6 m 49.75 504.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 212.75 509.6 m 212.75 504.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.75 509.6 m 385.75 504.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 561.75 509.6 m 561.75 504.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.75 504.6 m 49.75 489.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 212.75 504.6 m 212.75 489.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.75 504.6 m 385.75 489.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 561.75 504.6 m 561.75 489.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.75 489.6 m 49.75 483.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 212.75 489.6 m 212.75 483.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.75 489.6 m 385.75 483.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 561.75 489.6 m 561.75 483.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.75 483.6 m 49.75 468.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 212.75 483.6 m 212.75 468.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.75 483.6 m 385.75 468.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 561.75 483.6 m 561.75 468.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.75 468.6 m 49.75 461.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 212.75 468.6 m 212.75 461.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.75 468.6 m 385.75 461.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 561.75 468.6 m 561.75 461.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.75 461.6 m 49.75 446.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 212.75 461.6 m 212.75 446.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.75 461.6 m 385.75 446.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 561.75 461.6 m 561.75 446.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.75 446.6 m 49.75 440.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 212.75 446.6 m 212.75 440.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.75 446.6 m 385.75 440.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 561.75 446.6 m 561.75 440.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.75 440.6 m 49.75 425.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 212.75 440.6 m 212.75 425.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.75 440.6 m 385.75 425.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 561.75 440.6 m 561.75 425.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.75 425.6 m 49.75 420.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 212.75 425.6 m 212.75 420.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.75 425.6 m 385.75 420.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 561.75 425.6 m 561.75 420.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.75 420.6 m 49.75 405.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 212.75 420.6 m 212.75 405.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.75 420.6 m 385.75 405.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 561.75 420.6 m 561.75 405.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.75 405.6 m 49.75 398.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 212.75 405.6 m 212.75 398.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.75 405.6 m 385.75 398.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 561.75 405.6 m 561.75 398.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.75 398.6 m 49.75 376.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 212.75 398.6 m 212.75 376.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.75 398.6 m 385.75 376.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 561.75 398.6 m 561.75 376.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.75 376.6 m 49.75 361.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 212.75 376.6 m 212.75 361.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.75 376.6 m 385.75 361.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 561.75 376.6 m 561.75 361.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.75 361.6 m 49.75 346.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 212.75 361.6 m 212.75 346.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.75 361.6 m 385.75 346.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 561.75 361.6 m 561.75 346.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.75 346.6 m 49.75 331.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 212.75 346.6 m 212.75 331.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.75 346.6 m 385.75 331.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 561.75 346.6 m 561.75 331.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.75 331.6 m 49.75 324.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 212.75 331.6 m 212.75 324.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.75 331.6 m 385.75 324.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 561.75 331.6 m 561.75 324.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.75 324.6 m 49.75 309.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 212.75 324.6 m 212.75 309.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.75 324.6 m 385.75 309.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 561.75 324.6 m 561.75 309.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.75 309.6 m 49.75 294.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 212.75 309.6 m 212.75 294.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.75 309.6 m 385.75 294.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 561.75 309.6 m 561.75 294.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.75 294.6 m 49.75 279.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 212.75 294.6 m 212.75 279.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.75 294.6 m 385.75 279.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 561.75 294.6 m 561.75 279.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.75 279.6 m 49.75 264.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 212.75 279.6 m 212.75 264.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.75 279.6 m 385.75 264.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 561.75 279.6 m 561.75 264.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.75 264.6 m 49.75 259.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.75 259.6 m 212.75 259.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 212.75 264.6 m 212.75 259.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 212.75 259.6 m 255.75 259.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255.75 259.6 m 297.75 259.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.75 259.6 m 338.75 259.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.75 264.6 m 385.75 259.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.75 259.6 m 385.75 259.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.75 259.6 m 426.75 259.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.75 259.6 m 472.75 259.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.75 259.6 m 516.75 259.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 561.75 264.6 m 561.75 259.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516.75 259.6 m 561.75 259.6 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 273.35 594.28 Td (Fiscal 2016) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 320.85 598.81 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 447.85 594.28 Td (Fiscal 2015) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 495.35 598.81 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 227.35 579.28 Td (Q4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 269.85 579.28 Td (Q3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 311.35 579.28 Td (Q2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 355.35 579.28 Td (Q1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 399.35 579.28 Td (Q4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 442.85 579.28 Td (Q3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 487.85 579.28 Td (Q2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 532.35 579.28 Td (Q1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.25 563.83 Td (\(All numbers are in thousands) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 219.00 564.28 Td (30-Jun) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 260.20 564.28 Td (31-Mar) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.00 564.28 Td (31-Dec) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 347.30 564.28 Td (30-Sep) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 391.00 564.28 Td (30-Jun) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 433.20 564.28 Td (31-Mar) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 479.50 564.28 Td (31-Dec) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 524.30 564.28 Td (30-Sep) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.25 548.83 Td ( except per share data\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.25 549.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 273.75 549.28 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 315.25 549.28 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 359.25 549.28 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 403.25 549.28 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 446.75 549.28 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 491.75 549.28 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.25 549.28 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.25 529.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.25 529.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.25 529.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.25 529.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.25 529.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.25 529.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.25 529.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.25 529.27 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.25 513.85 Td (Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.35 514.27 Td (75,332) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.35 514.27 Td (84,095) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.35 514.27 Td (81,480) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.35 514.27 Td (63,910) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.35 514.27 Td (71,170) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.35 514.27 Td (85,582) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.35 514.27 Td (64,256) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.35 514.27 Td (43,031) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.25 493.85 Td (Gross Mar) Tj ET Q q 0 0 0 rg BT 86.10 493.85 Td (gin) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 96.32 497.48 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.35 494.27 Td (43,966) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.35 494.27 Td (50,512) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.35 494.27 Td (44,287) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.35 494.27 Td (34,557) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.35 494.27 Td (37,666) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.35 494.27 Td (44,793) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.35 494.27 Td (37,507) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.35 494.27 Td (25,074) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.25 472.85 Td (Adjusted EBITDA) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 112.46 476.48 Td (2 & 3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.35 473.27 Td (24,822) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.35 473.27 Td (32,736) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.35 473.27 Td (27,759) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.35 473.27 Td (18,372) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.35 473.27 Td (22,810) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.35 473.27 Td (29,803) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.35 473.27 Td (23,869) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.35 473.27 Td (13,727) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.25 450.85 Td (Net Income \(Loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.05 451.27 Td (\(1,746) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.90 451.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.35 451.27 Td (10,219) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.35 451.27 Td (11,671) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.40 451.27 Td (7,524) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.35 451.27 Td (3,696) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.35 451.27 Td (18,031) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.40 451.27 Td (5,539) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.05 451.32 Td (\(7,733) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.90 451.27 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.25 429.85 Td (Adjusted Net Income) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 120.68 433.48 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.90 430.27 Td (489) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.35 430.27 Td (11,384) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.35 430.27 Td (12,594) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.40 430.27 Td (8,321) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.35 430.27 Td (5,006) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.35 430.27 Td (18,031) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.40 430.27 Td (9,832) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.40 430.27 Td (5,535) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.25 409.85 Td (Comprehensive Income \(Loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.05 410.27 Td (\(4,329) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.90 410.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.35 410.27 Td (6,896) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.35 410.27 Td (9,476) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.40 410.27 Td (3,694) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.35 410.27 Td (6,014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.35 410.27 Td (13,771) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.40 410.27 Td (3,222) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.05 410.32 Td (\(10,626) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.90 410.27 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.25 388.85 Td (W) Tj ET Q q 0 0 0 rg BT 59.16 388.85 Td (eighted average common shares outstanding ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.25 380.85 Td (\(expressed in thousands\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.25 365.85 Td ( Basic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.35 366.27 Td (130,685) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.35 366.27 Td (125,218) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.35 366.27 Td (124,734) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.35 366.27 Td (123,987) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.35 366.27 Td (123,459) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.35 366.27 Td (123,207) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.35 366.27 Td (124,361) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.35 366.27 Td (119,894) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.25 350.85 Td ( Diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.35 351.27 Td (130,685) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.35 351.27 Td (126,218) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.35 351.27 Td (126,508) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.35 351.27 Td (126,290) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.35 351.27 Td (126,147) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.35 351.27 Td (126,098) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.35 351.27 Td (126,444) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.35 351.27 Td (119,894) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.25 335.85 Td ( Diluted for ) Tj ET Q q 0 0 0 rg BT 95.13 335.85 Td (Adjusted Net Income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.35 336.27 Td (131,598) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.35 336.27 Td (126,218) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.35 336.27 Td (126,508) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.35 336.27 Td (126,290) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.35 336.27 Td (126,147) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.35 336.27 Td (126,098) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.35 336.27 Td (126,444) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.35 336.27 Td (122,969) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.25 313.85 Td (Basic Earnings \(Loss\) Per Common Share) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 187.56 317.48 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.05 314.27 Td (\(0.01) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.90 314.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.40 314.27 Td (0.08) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.40 314.27 Td (0.09) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.40 314.27 Td (0.06) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.40 314.27 Td (0.03) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.40 314.27 Td (0.15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.40 314.27 Td (0.05) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.05 314.32 Td (\(0.06) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.90 314.27 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.25 298.85 Td (Diluted Earnings \(Loss\) Per Common Share) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 193.79 302.48 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.05 299.27 Td (\(0.01) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.90 299.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.40 299.27 Td (0.08) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.40 299.27 Td (0.09) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.40 299.27 Td (0.06) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.40 299.27 Td (0.03) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.40 299.27 Td (0.14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.40 299.27 Td (0.04) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.05 299.32 Td (\(0.06) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.90 299.27 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.25 283.85 Td (Adjusted Basic Earnings Per Common Share) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 196.01 287.48 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.90 284.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.40 284.27 Td (0.09) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.40 284.27 Td (0.10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.40 284.27 Td (0.07) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.40 284.27 Td (0.04) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.40 284.27 Td (0.15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.40 284.27 Td (0.08) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.40 284.27 Td (0.05) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.25 268.85 Td (Adjusted Diluted Earnings Per Common Share) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 202.23 272.48 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.90 269.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.40 269.27 Td (0.09) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.40 269.27 Td (0.10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.40 269.27 Td (0.07) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.40 269.27 Td (0.04) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.40 269.27 Td (0.14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.40 269.27 Td (0.08) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.40 269.27 Td (0.05) Tj ET Q BT /F1 10.00 Tf ET BT /F1 7.00 Tf ET BT /F1 4.55 Tf ET q 0 0 0 rg BT 50.00 242.87 Td (1) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.27 239.70 Td (The ) Tj ET Q q 0 0 0 rg BT 64.85 239.70 Td (financial ) Tj ET Q q 0 0 0 rg BT 91.03 239.70 Td (information ) Tj ET Q q 0 0 0 rg BT 125.77 239.70 Td (for ) Tj ET Q q 0 0 0 rg BT 135.63 239.70 Td (Q4 ) Tj ET Q q 0 0 0 rg BT 145.87 239.70 Td (2016, ) Tj ET Q q 0 0 0 rg BT 163.32 239.70 Td (Q3 ) Tj ET Q q 0 0 0 rg BT 173.56 239.70 Td (2016, ) Tj ET Q q 0 0 0 rg BT 191.01 239.70 Td (Q2 ) Tj ET Q q 0 0 0 rg BT 201.26 239.70 Td (2016, ) Tj ET Q q 0 0 0 rg BT 218.70 239.70 Td (Q1 ) Tj ET Q q 0 0 0 rg BT 228.95 239.70 Td (2016, ) Tj ET Q q 0 0 0 rg BT 246.39 239.70 Td (Q4 ) Tj ET Q q 0 0 0 rg BT 256.64 239.70 Td (2015, ) Tj ET Q q 0 0 0 rg BT 274.08 239.70 Td (and ) Tj ET Q q 0 0 0 rg BT 285.88 239.70 Td (Q3 ) Tj ET Q q 0 0 0 rg BT 296.13 239.70 Td (2015 ) Tj ET Q q 0 0 0 rg BT 311.82 239.70 Td (includes ) Tj ET Q q 0 0 0 rg BT 336.84 239.70 Td (the ) Tj ET Q q 0 0 0 rg BT 347.09 239.70 Td (full ) Tj ET Q q 0 0 0 rg BT 358.50 239.70 Td (results ) Tj ET Q q 0 0 0 rg BT 378.47 239.70 Td (for ) Tj ET Q q 0 0 0 rg BT 388.32 239.70 Td (all ) Tj ET Q q 0 0 0 rg BT 397.01 239.70 Td (of ) Tj ET Q q 0 0 0 rg BT 404.54 239.70 Td (the ) Tj ET Q q 0 0 0 rg BT 414.78 239.70 Td (Company) Tj ET Q q 0 0 0 rg BT 443.95 239.70 Td (s ) Tj ET Q q 0 0 0 rg BT 448.36 239.70 Td (operations. ) Tj ET Q q 0 0 0 rg BT 480.84 239.70 Td (The ) Tj ET Q q 0 0 0 rg BT 493.42 239.70 Td (financial ) Tj ET Q q 0 0 0 rg BT 519.60 239.70 Td (information ) Tj ET Q q 0 0 0 rg BT 554.34 239.70 Td (for ) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 50.00 231.30 Td (the ) Tj ET Q q 0 0 0 rg BT 60.21 231.30 Td (Q2 ) Tj ET Q q 0 0 0 rg BT 70.43 231.30 Td (2015 ) Tj ET Q q 0 0 0 rg BT 86.09 231.30 Td (includes ) Tj ET Q q 0 0 0 rg BT 111.08 231.30 Td (the ) Tj ET Q q 0 0 0 rg BT 121.29 231.30 Td (full ) Tj ET Q q 0 0 0 rg BT 132.67 231.30 Td (results ) Tj ET Q q 0 0 0 rg BT 152.60 231.30 Td (for ) Tj ET Q q 0 0 0 rg BT 162.43 231.30 Td (all ) Tj ET Q q 0 0 0 rg BT 171.08 231.30 Td (of ) Tj ET Q q 0 0 0 rg BT 178.57 231.30 Td (the ) Tj ET Q q 0 0 0 rg BT 188.79 231.30 Td (Company) Tj ET Q q 0 0 0 rg BT 217.95 231.30 Td (s ) Tj ET Q q 0 0 0 rg BT 222.34 231.30 Td (operations ) Tj ET Q q 0 0 0 rg BT 253.15 231.30 Td (except: ) Tj ET Q q 0 0 0 rg BT 275.03 231.30 Td (i\) ) Tj ET Q q 0 0 0 rg BT 280.96 231.30 Td (the ) Tj ET Q q 0 0 0 rg BT 291.17 231.30 Td (Echo ) Tj ET Q q 0 0 0 rg BT 307.22 231.30 Td (Bridge ) Tj ET Q q 0 0 0 rg BT 327.93 231.30 Td (assets, ) Tj ET Q q 0 0 0 rg BT 347.67 231.30 Td (which ) Tj ET Q q 0 0 0 rg BT 366.44 231.30 Td (were ) Tj ET Q q 0 0 0 rg BT 381.70 231.30 Td (owned ) Tj ET Q q 0 0 0 rg BT 402.02 231.30 Td (for ) Tj ET Q q 0 0 0 rg BT 411.84 231.30 Td (49 ) Tj ET Q q 0 0 0 rg BT 420.50 231.30 Td (days; ) Tj ET Q q 0 0 0 rg BT 436.94 231.30 Td (and ) Tj ET Q q 0 0 0 rg BT 448.70 231.30 Td (ii\) ) Tj ET Q q 0 0 0 rg BT 456.59 231.30 Td (Nerd ) Tj ET Q q 0 0 0 rg BT 472.24 231.30 Td (Corps, ) Tj ET Q q 0 0 0 rg BT 492.37 231.30 Td (which ) Tj ET Q q 0 0 0 rg BT 511.14 231.30 Td (had ) Tj ET Q q 0 0 0 rg BT 522.91 231.30 Td (only ) Tj ET Q q 0 0 0 rg BT 537.01 231.30 Td (9 ) Tj ET Q q 0 0 0 rg BT 542.17 231.30 Td (days ) Tj ET Q q 0 0 0 rg BT 556.66 231.30 Td (of ) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 50.00 222.90 Td (activity) Tj ET Q q 0 0 0 rg BT 70.54 222.90 Td (. ) Tj ET Q q 0 0 0 rg BT 73.86 222.90 Td (The ) Tj ET Q q 0 0 0 rg BT 86.45 222.90 Td (financial ) Tj ET Q q 0 0 0 rg BT 112.63 222.90 Td (information ) Tj ET Q q 0 0 0 rg BT 147.38 222.90 Td (for ) Tj ET Q q 0 0 0 rg BT 157.24 222.90 Td (Q1 ) Tj ET Q q 0 0 0 rg BT 167.49 222.90 Td (2015 ) Tj ET Q q 0 0 0 rg BT 183.19 222.90 Td (includes ) Tj ET Q q 0 0 0 rg BT 208.22 222.90 Td (financial ) Tj ET Q q 0 0 0 rg BT 234.40 222.90 Td (information ) Tj ET Q q 0 0 0 rg BT 269.15 222.90 Td (for ) Tj ET Q q 0 0 0 rg BT 279.01 222.90 Td (all ) Tj ET Q q 0 0 0 rg BT 287.71 222.90 Td (operations ) Tj ET Q q 0 0 0 rg BT 318.56 222.90 Td (except ) Tj ET Q q 0 0 0 rg BT 338.53 222.90 Td (DHX ) Tj ET Q q 0 0 0 rg BT 355.27 222.90 Td (T) Tj ET Q q 0 0 0 rg BT 359.06 222.90 Td (elevision, ) Tj ET Q q 0 0 0 rg BT 387.78 222.90 Td (which ) Tj ET Q q 0 0 0 rg BT 406.58 222.90 Td (only ) Tj ET Q q 0 0 0 rg BT 420.73 222.90 Td (had ) Tj ET Q q 0 0 0 rg BT 432.53 222.90 Td (61 ) Tj ET Q q 0 0 0 rg BT 441.23 222.90 Td (days ) Tj ET Q q 0 0 0 rg BT 455.76 222.90 Td (of ) Tj ET Q q 0 0 0 rg BT 463.29 222.90 Td (activity) Tj ET Q q 0 0 0 rg BT 483.83 222.90 Td (, ) Tj ET Q q 0 0 0 rg BT 487.28 222.90 Td (and ) Tj ET Q q 0 0 0 rg BT 499.08 222.90 Td (the ) Tj ET Q q 0 0 0 rg BT 509.33 222.90 Td (Echo ) Tj ET Q q 0 0 0 rg BT 525.42 222.90 Td (Bridge ) Tj ET Q q 0 0 0 rg BT 546.17 222.90 Td (assets ) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 50.00 214.50 Td (and ) Tj ET Q q 0 0 0 rg BT 61.86 214.50 Td (Nerd ) Tj ET Q q 0 0 0 rg BT 77.60 214.50 Td (Corps, ) Tj ET Q q 0 0 0 rg BT 97.82 214.50 Td (as ) Tj ET Q q 0 0 0 rg BT 105.41 214.50 Td (this ) Tj ET Q q 0 0 0 rg BT 117.27 214.50 Td (was ) Tj ET Q q 0 0 0 rg BT 129.91 214.50 Td (prior ) Tj ET Q q 0 0 0 rg BT 145.26 214.50 Td (to ) Tj ET Q q 0 0 0 rg BT 152.46 214.50 Td (these ) Tj ET Q q 0 0 0 rg BT 168.59 214.50 Td (acquisitions. ) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 50.00 200.10 Td ( ) Tj ET Q BT /F1 7.00 Tf ET BT /F1 4.55 Tf ET q 0 0 0 rg BT 51.75 203.27 Td (2) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 54.02 200.10 Td (See ) Tj ET Q q 0 0 0 rg BT 65.88 200.10 Td (Use ) Tj ET Q q 0 0 0 rg BT 81.63 200.10 Td (of ) Tj ET Q q 0 0 0 rg BT 89.21 200.10 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 122.39 200.10 Td ( ) Tj ET Q q 0 0 0 rg BT 124.14 200.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 151.94 200.10 Td (Measures ) Tj ET Q q 0 0 0 rg BT 183.62 200.10 Td (section ) Tj ET Q q 0 0 0 rg BT 205.20 200.10 Td (of ) Tj ET Q q 0 0 0 rg BT 212.78 200.10 Td (this ) Tj ET Q q 0 0 0 rg BT 224.64 200.10 Td (MD&A) Tj ET Q q 0 0 0 rg BT 246.04 200.10 Td ( ) Tj ET Q q 0 0 0 rg BT 247.79 200.10 Td (for ) Tj ET Q q 0 0 0 rg BT 257.70 200.10 Td (further ) Tj ET Q q 0 0 0 rg BT 278.49 200.10 Td (details.) Tj ET Q BT /F1 7.00 Tf ET BT /F1 4.55 Tf ET q 0 0 0 rg BT 50.00 188.87 Td (3) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.27 185.70 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 79.23 185.70 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 104.50 185.70 Td ( ) Tj ET Q q 0 0 0 rg BT 106.18 185.70 Td (is ) Tj ET Q q 0 0 0 rg BT 112.53 185.70 Td (calculated ) Tj ET Q q 0 0 0 rg BT 142.58 185.70 Td (as ) Tj ET Q q 0 0 0 rg BT 150.09 185.70 Td (outlined ) Tj ET Q q 0 0 0 rg BT 174.71 185.70 Td (in ) Tj ET Q q 0 0 0 rg BT 181.83 185.70 Td (the ) Tj ET Q q 0 0 0 rg BT 192.06 185.70 Td (Use ) Tj ET Q q 0 0 0 rg BT 207.73 185.70 Td (of ) Tj ET Q q 0 0 0 rg BT 215.24 185.70 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 248.43 185.70 Td ( ) Tj ET Q q 0 0 0 rg BT 250.10 185.70 Td (Financial ) Tj ET Q q 0 0 0 rg BT 277.83 185.70 Td (Measures ) Tj ET Q q 0 0 0 rg BT 309.44 185.70 Td (and ) Tj ET Q q 0 0 0 rg BT 321.22 185.70 Td (Reconciliation ) Tj ET Q q 0 0 0 rg BT 366.83 185.70 Td (of ) Tj ET Q q 0 0 0 rg BT 374.34 185.70 Td (Historical ) Tj ET Q q 0 0 0 rg BT 403.62 185.70 Td (Results ) Tj ET Q q 0 0 0 rg BT 425.91 185.70 Td (to ) Tj ET Q q 0 0 0 rg BT 432.67 185.70 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 459.62 185.70 Td (EBITDA ) Tj ET Q q 0 0 0 rg BT 490.07 185.70 Td (sections ) Tj ET Q q 0 0 0 rg BT 514.30 185.70 Td (of ) Tj ET Q q 0 0 0 rg BT 521.81 185.70 Td (this ) Tj ET Q q 0 0 0 rg BT 533.60 185.70 Td (MD&A) Tj ET Q q 0 0 0 rg BT 554.99 185.70 Td ( ) Tj ET Q q 0 0 0 rg BT 556.67 185.70 Td (as ) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 50.00 177.30 Td (management ) Tj ET Q q 0 0 0 rg BT 87.65 177.30 Td (believes ) Tj ET Q q 0 0 0 rg BT 112.47 177.30 Td (the ) Tj ET Q q 0 0 0 rg BT 122.91 177.30 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 148.13 177.30 Td (figures ) Tj ET Q q 0 0 0 rg BT 169.46 177.30 Td (to ) Tj ET Q q 0 0 0 rg BT 176.79 177.30 Td (be ) Tj ET Q q 0 0 0 rg BT 185.29 177.30 Td (a ) Tj ET Q q 0 0 0 rg BT 190.28 177.30 Td (more ) Tj ET Q q 0 0 0 rg BT 206.55 177.30 Td (meaningful ) Tj ET Q q 0 0 0 rg BT 240.32 177.30 Td (indicator ) Tj ET Q q 0 0 0 rg BT 267.09 177.30 Td (of ) Tj ET Q q 0 0 0 rg BT 274.81 177.30 Td (operating ) Tj ET Q q 0 0 0 rg BT 303.13 177.30 Td (performance.) Tj ET Q q 0 0 0 rg BT 341.61 177.30 Td (A) Tj ET Q q 0 0 0 rg BT 346.28 177.30 Td ( ) Tj ET Q q 0 0 0 rg BT 348.17 177.30 Td (detailed ) Tj ET Q q 0 0 0 rg BT 372.21 177.30 Td (reconciliation ) Tj ET Q q 0 0 0 rg BT 412.59 177.30 Td (of ) Tj ET Q q 0 0 0 rg BT 419.89 177.30 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 447.05 177.30 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 472.33 177.30 Td ( ) Tj ET Q q 0 0 0 rg BT 474.22 177.30 Td (for ) Tj ET Q q 0 0 0 rg BT 484.27 177.30 Td (each ) Tj ET Q q 0 0 0 rg BT 498.98 177.30 Td (period ) Tj ET Q q 0 0 0 rg BT 518.75 177.30 Td (can ) Tj ET Q q 0 0 0 rg BT 530.35 177.30 Td (be ) Tj ET Q q 0 0 0 rg BT 538.85 177.30 Td (found ) Tj ET Q q 0 0 0 rg BT 557.07 177.30 Td (in ) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 50.00 168.90 Td (the ) Tj ET Q q 0 0 0 rg BT 60.30 168.90 Td ("Reconciliation ) Tj ET Q q 0 0 0 rg BT 105.73 168.90 Td (of ) Tj ET Q q 0 0 0 rg BT 113.31 168.90 Td (Historical ) Tj ET Q q 0 0 0 rg BT 142.66 168.90 Td (Results ) Tj ET Q q 0 0 0 rg BT 165.03 168.90 Td (to ) Tj ET Q q 0 0 0 rg BT 171.84 168.90 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 198.86 168.90 Td (EBITDA" ) Tj ET Q q 0 0 0 rg BT 229.13 168.90 Td (section ) Tj ET Q q 0 0 0 rg BT 250.71 168.90 Td (of ) Tj ET Q q 0 0 0 rg BT 258.29 168.90 Td (the ) Tj ET Q q 0 0 0 rg BT 268.59 168.90 Td (MD&A) Tj ET Q q 0 0 0 rg BT 289.99 168.90 Td ( ) Tj ET Q q 0 0 0 rg BT 291.74 168.90 Td (for ) Tj ET Q q 0 0 0 rg BT 301.65 168.90 Td (each ) Tj ET Q q 0 0 0 rg BT 316.22 168.90 Td (respective ) Tj ET Q q 0 0 0 rg BT 346.34 168.90 Td (period.) Tj ET Q BT /F1 7.00 Tf ET BT /F1 4.55 Tf ET q 0 0 0 rg BT 50.00 157.67 Td (4) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.27 154.50 Td (For ) Tj ET Q q 0 0 0 rg BT 63.47 154.50 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 81.67 154.50 Td (2015 ) Tj ET Q q 0 0 0 rg BT 97.14 154.50 Td (basic ) Tj ET Q q 0 0 0 rg BT 113.00 154.50 Td (earnings ) Tj ET Q q 0 0 0 rg BT 138.19 154.50 Td (per ) Tj ET Q q 0 0 0 rg BT 148.60 154.50 Td (common ) Tj ET Q q 0 0 0 rg BT 174.57 154.50 Td (share ) Tj ET Q q 0 0 0 rg BT 190.81 154.50 Td (is ) Tj ET Q q 0 0 0 rg BT 196.96 154.50 Td ($0.16 ) Tj ET Q q 0 0 0 rg BT 214.18 154.50 Td (and ) Tj ET Q q 0 0 0 rg BT 225.76 154.50 Td (diluted ) Tj ET Q q 0 0 0 rg BT 246.68 154.50 Td (earnings ) Tj ET Q q 0 0 0 rg BT 271.86 154.50 Td (per ) Tj ET Q q 0 0 0 rg BT 282.28 154.50 Td (common ) Tj ET Q q 0 0 0 rg BT 308.25 154.50 Td (share ) Tj ET Q q 0 0 0 rg BT 324.49 154.50 Td (is ) Tj ET Q q 0 0 0 rg BT 330.63 154.50 Td ($0.16, ) Tj ET Q q 0 0 0 rg BT 349.61 154.50 Td (however ) Tj ET Q q 0 0 0 rg BT 375.18 154.50 Td (due ) Tj ET Q q 0 0 0 rg BT 386.76 154.50 Td (to ) Tj ET Q q 0 0 0 rg BT 393.68 154.50 Td (rounding ) Tj ET Q q 0 0 0 rg BT 420.43 154.50 Td (Q1-Q4 ) Tj ET Q q 0 0 0 rg BT 441.35 154.50 Td (2015 ) Tj ET Q q 0 0 0 rg BT 456.82 154.50 Td (sums ) Tj ET Q q 0 0 0 rg BT 472.69 154.50 Td (to ) Tj ET Q q 0 0 0 rg BT 479.61 154.50 Td ($0.17 ) Tj ET Q q 0 0 0 rg BT 496.83 154.50 Td (and ) Tj ET Q q 0 0 0 rg BT 508.41 154.50 Td ($0.15, ) Tj ET Q q 0 0 0 rg BT 527.39 154.50 Td (respectively) Tj ET Q q 0 0 0 rg BT 560.75 154.50 Td (. ) Tj ET Q BT /F1 7.00 Tf ET BT /F1 4.55 Tf ET q 0 0 0 rg BT 50.00 143.27 Td (5) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.27 140.10 Td (Basic ) Tj ET Q q 0 0 0 rg BT 69.61 140.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 94.73 140.10 Td (and ) Tj ET Q q 0 0 0 rg BT 106.62 140.10 Td (diluted ) Tj ET Q q 0 0 0 rg BT 127.85 140.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 152.96 140.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 178.46 140.10 Td (per ) Tj ET Q q 0 0 0 rg BT 189.19 140.10 Td (share ) Tj ET Q q 0 0 0 rg BT 205.74 140.10 Td (has ) Tj ET Q q 0 0 0 rg BT 216.86 140.10 Td (been ) Tj ET Q q 0 0 0 rg BT 231.86 140.10 Td (calculated ) Tj ET Q q 0 0 0 rg BT 262.01 140.10 Td (by ) Tj ET Q q 0 0 0 rg BT 270.80 140.10 Td (dividing ) Tj ET Q q 0 0 0 rg BT 295.52 140.10 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 322.59 140.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 334.48 140.10 Td (Income ) Tj ET Q q 0 0 0 rg BT 357.26 140.10 Td (by ) Tj ET Q q 0 0 0 rg BT 366.04 140.10 Td (the ) Tj ET Q q 0 0 0 rg BT 376.38 140.10 Td (number ) Tj ET Q q 0 0 0 rg BT 399.55 140.10 Td (of ) Tj ET Q q 0 0 0 rg BT 407.17 140.10 Td (weighted ) Tj ET Q q 0 0 0 rg BT 434.61 140.10 Td (average ) Tj ET Q q 0 0 0 rg BT 458.16 140.10 Td (common ) Tj ET Q q 0 0 0 rg BT 484.44 140.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 503.72 140.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 538.17 140.10 Td (for ) Tj ET Q q 0 0 0 rg BT 548.12 140.10 Td (basic ) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 50.00 131.70 Td (and ) Tj ET Q q 0 0 0 rg BT 62.12 131.70 Td (diluted ) Tj ET Q q 0 0 0 rg BT 83.57 131.70 Td (for ) Tj ET Q q 0 0 0 rg BT 93.75 131.70 Td (each ) Tj ET Q q 0 0 0 rg BT 108.58 131.70 Td (quarter) Tj ET Q q 0 0 0 rg BT 128.02 131.70 Td (. ) Tj ET Q q 0 0 0 rg BT 131.34 131.70 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 158.63 131.70 Td (Net ) Tj ET Q q 0 0 0 rg BT 170.75 131.70 Td (Income ) Tj ET Q q 0 0 0 rg BT 193.75 131.70 Td (is ) Tj ET Q q 0 0 0 rg BT 200.43 131.70 Td (calculated ) Tj ET Q q 0 0 0 rg BT 230.81 131.70 Td (as ) Tj ET Q q 0 0 0 rg BT 238.66 131.70 Td (outlined ) Tj ET Q q 0 0 0 rg BT 263.61 131.70 Td (in ) Tj ET Q q 0 0 0 rg BT 271.07 131.70 Td (the ) Tj ET Q q 0 0 0 rg BT 281.64 131.70 Td (Use ) Tj ET Q q 0 0 0 rg BT 297.64 131.70 Td (of ) Tj ET Q q 0 0 0 rg BT 305.49 131.70 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 338.67 131.70 Td ( ) Tj ET Q q 0 0 0 rg BT 340.68 131.70 Td (Financial ) Tj ET Q q 0 0 0 rg BT 368.75 131.70 Td (Measures ) Tj ET Q q 0 0 0 rg BT 400.69 131.70 Td (and ) Tj ET Q q 0 0 0 rg BT 412.81 131.70 Td (Reconciliation ) Tj ET Q q 0 0 0 rg BT 458.75 131.70 Td (of ) Tj ET Q q 0 0 0 rg BT 466.60 131.70 Td (Historical ) Tj ET Q q 0 0 0 rg BT 496.21 131.70 Td (Results ) Tj ET Q q 0 0 0 rg BT 518.84 131.70 Td (to ) Tj ET Q q 0 0 0 rg BT 526.30 131.70 Td (Net ) Tj ET Q q 0 0 0 rg BT 538.42 131.70 Td (Income ) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 50.00 123.30 Td (sections ) Tj ET Q q 0 0 0 rg BT 74.04 123.30 Td (of ) Tj ET Q q 0 0 0 rg BT 81.35 123.30 Td (this ) Tj ET Q q 0 0 0 rg BT 92.95 123.30 Td (MD&A) Tj ET Q q 0 0 0 rg BT 114.35 123.30 Td ( ) Tj ET Q q 0 0 0 rg BT 115.83 123.30 Td (as ) Tj ET Q q 0 0 0 rg BT 123.15 123.30 Td (management ) Tj ET Q q 0 0 0 rg BT 160.40 123.30 Td (believes ) Tj ET Q q 0 0 0 rg BT 184.82 123.30 Td (the ) Tj ET Q q 0 0 0 rg BT 194.86 123.30 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 219.67 123.30 Td (figures ) Tj ET Q q 0 0 0 rg BT 240.59 123.30 Td (to ) Tj ET Q q 0 0 0 rg BT 247.52 123.30 Td (be ) Tj ET Q q 0 0 0 rg BT 255.62 123.30 Td (a ) Tj ET Q q 0 0 0 rg BT 260.21 123.30 Td (more ) Tj ET Q q 0 0 0 rg BT 276.08 123.30 Td (meaningful ) Tj ET Q q 0 0 0 rg BT 309.44 123.30 Td (indicator ) Tj ET Q q 0 0 0 rg BT 335.81 123.30 Td (of ) Tj ET Q q 0 0 0 rg BT 343.13 123.30 Td (operating ) Tj ET Q q 0 0 0 rg BT 371.05 123.30 Td (performance.) Tj ET Q q 0 0 0 rg BT 409.53 123.30 Td (A) Tj ET Q q 0 0 0 rg BT 414.19 123.30 Td ( ) Tj ET Q q 0 0 0 rg BT 415.68 123.30 Td (detailed ) Tj ET Q q 0 0 0 rg BT 439.32 123.30 Td (reconciliation ) Tj ET Q q 0 0 0 rg BT 479.29 123.30 Td (of ) Tj ET Q q 0 0 0 rg BT 486.61 123.30 Td (Net ) Tj ET Q q 0 0 0 rg BT 498.20 123.30 Td (Income ) Tj ET Q q 0 0 0 rg BT 520.68 123.30 Td (for ) Tj ET Q q 0 0 0 rg BT 530.32 123.30 Td (each ) Tj ET Q q 0 0 0 rg BT 544.63 123.30 Td (period ) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 50.00 114.90 Td (can ) Tj ET Q q 0 0 0 rg BT 61.46 114.90 Td (be ) Tj ET Q q 0 0 0 rg BT 69.82 114.90 Td (found ) Tj ET Q q 0 0 0 rg BT 87.90 114.90 Td (in ) Tj ET Q q 0 0 0 rg BT 95.10 114.90 Td (the ) Tj ET Q q 0 0 0 rg BT 105.40 114.90 Td ("Reconciliation ) Tj ET Q q 0 0 0 rg BT 150.83 114.90 Td (of ) Tj ET Q q 0 0 0 rg BT 158.41 114.90 Td (Historical ) Tj ET Q q 0 0 0 rg BT 187.76 114.90 Td (Results ) Tj ET Q q 0 0 0 rg BT 210.13 114.90 Td (to ) Tj ET Q q 0 0 0 rg BT 217.32 114.90 Td (Net ) Tj ET Q q 0 0 0 rg BT 229.18 114.90 Td (Income" ) Tj ET Q q 0 0 0 rg BT 254.77 114.90 Td (section ) Tj ET Q q 0 0 0 rg BT 276.35 114.90 Td (of ) Tj ET Q q 0 0 0 rg BT 283.93 114.90 Td (the ) Tj ET Q q 0 0 0 rg BT 294.23 114.90 Td (MD&A) Tj ET Q q 0 0 0 rg BT 315.63 114.90 Td ( ) Tj ET Q q 0 0 0 rg BT 317.38 114.90 Td (for ) Tj ET Q q 0 0 0 rg BT 327.29 114.90 Td (each ) Tj ET Q q 0 0 0 rg BT 341.86 114.90 Td (respective ) Tj ET Q q 0 0 0 rg BT 371.98 114.90 Td (period.) Tj ET Q endstream endobj 27 0 obj <> endobj 28 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6 0.6 0.6 rg BT 301.00 31.60 Td (13) Tj ET Q BT /F2 9.50 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 742.60 Td (Results ) Tj ET Q q 0 0 0 rg BT 81.93 742.60 Td (for) Tj ET Q q 0 0 0 rg BT 93.89 742.60 Td ( ) Tj ET Q q 0 0 0 rg BT 96.27 742.60 Td (the ) Tj ET Q q 0 0 0 rg BT 111.31 742.60 Td (thr) Tj ET Q q 0 0 0 rg BT 123.80 742.60 Td (ee ) Tj ET Q q 0 0 0 rg BT 134.61 742.60 Td (months ) Tj ET Q q 0 0 0 rg BT 167.07 742.60 Td (ended ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 193.73 742.60 Td (June ) Tj ET Q q 0 0 0 rg BT 215.64 742.60 Td (30, ) Tj ET Q q 0 0 0 rg BT 229.89 742.60 Td (2016) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 248.89 742.60 Td ( ) Tj ET Q q 0 0 0 rg BT 251.27 742.60 Td (\() Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 259.18 742.60 Td (Q4 ) Tj ET Q q 0 0 0 rg BT 273.70 742.60 Td (2016) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 292.70 742.60 Td (\) ) Tj ET Q q 0 0 0 rg BT 302.98 742.60 Td (compar) Tj ET Q q 0 0 0 rg BT 333.94 742.60 Td (ed ) Tj ET Q q 0 0 0 rg BT 345.82 742.60 Td (to ) Tj ET Q q 0 0 0 rg BT 356.11 742.60 Td (the ) Tj ET Q q 0 0 0 rg BT 371.15 742.60 Td (thr) Tj ET Q q 0 0 0 rg BT 383.64 742.60 Td (ee ) Tj ET Q q 0 0 0 rg BT 394.45 742.60 Td (months ) Tj ET Q q 0 0 0 rg BT 426.91 742.60 Td (ended ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 453.57 742.60 Td (June ) Tj ET Q q 0 0 0 rg BT 475.48 742.60 Td (30, ) Tj ET Q q 0 0 0 rg BT 489.73 742.60 Td (2015) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 508.73 742.60 Td ( ) Tj ET Q q 0 0 0 rg BT 511.11 742.60 Td (\() Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 519.02 742.60 Td (Q4 ) Tj ET Q q 0 0 0 rg BT 533.54 742.60 Td (2015) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 552.54 742.60 Td (\)) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 50.00 725.20 Td (Revenues) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 87.47 725.20 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 707.20 Td (Revenues ) Tj ET Q q 0 0 0 rg BT 109.33 707.20 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.45 707.20 Td (Q4 ) Tj ET Q q 0 0 0 rg BT 138.12 707.20 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.12 707.20 Td ( ) Tj ET Q q 0 0 0 rg BT 160.58 707.20 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.46 707.20 Td ($75.33 ) Tj ET Q q 0 0 0 rg BT 212.42 707.20 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.31 707.20 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.26 707.20 Td (up) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.26 707.20 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.72 707.20 Td (6%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.05 707.20 Td ( ) Tj ET Q q 0 0 0 rg BT 274.50 707.20 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.40 707.20 Td ($71.16 ) Tj ET Q q 0 0 0 rg BT 326.35 707.20 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.25 707.20 Td ( ) Tj ET Q q 0 0 0 rg BT 357.70 707.20 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.82 707.20 Td (Q4 ) Tj ET Q q 0 0 0 rg BT 386.49 707.20 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.49 707.20 Td (. ) Tj ET Q q 0 0 0 rg BT 411.45 707.20 Td (In ) Tj ET Q q 0 0 0 rg BT 422.23 707.20 Td (absolute ) Tj ET Q q 0 0 0 rg BT 458.01 707.20 Td (dollars, ) Tj ET Q q 0 0 0 rg BT 490.18 707.20 Td (the ) Tj ET Q q 0 0 0 rg BT 504.86 707.20 Td (increase ) Tj ET Q q 0 0 0 rg BT 540.07 707.20 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 707.20 Td (Q4 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 695.20 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 695.20 Td ( ) Tj ET Q q 0 0 0 rg BT 72.35 695.20 Td (was ) Tj ET Q q 0 0 0 rg BT 90.25 695.20 Td (due ) Tj ET Q q 0 0 0 rg BT 107.04 695.20 Td (to ) Tj ET Q q 0 0 0 rg BT 117.17 695.20 Td (significantly ) Tj ET Q q 0 0 0 rg BT 169.51 695.20 Td (higher ) Tj ET Q q 0 0 0 rg BT 197.41 695.20 Td (distribution ) Tj ET Q q 0 0 0 rg BT 245.87 695.20 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 286.26 695.20 Td (strong ) Tj ET Q q 0 0 0 rg BT 313.61 695.20 Td (growth ) Tj ET Q q 0 0 0 rg BT 344.29 695.20 Td (in ) Tj ET Q q 0 0 0 rg BT 354.42 695.20 Td (M&L-represented ) Tj ET Q q 0 0 0 rg BT 428.96 695.20 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 469.35 695.20 Td (M&L-owned ) Tj ET Q q 0 0 0 rg BT 524.46 695.20 Td (revenues, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 683.20 Td (and ) Tj ET Q q 0 0 0 rg BT 66.83 683.20 Td (proprietary ) Tj ET Q q 0 0 0 rg BT 113.65 683.20 Td (production ) Tj ET Q q 0 0 0 rg BT 159.37 683.20 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 199.79 683.20 Td (of) Tj ET Q q 0 0 0 rg BT 207.94 683.20 Td (fset ) Tj ET Q q 0 0 0 rg BT 224.78 683.20 Td (by ) Tj ET Q q 0 0 0 rg BT 237.17 683.20 Td (a ) Tj ET Q q 0 0 0 rg BT 244.00 683.20 Td (significant, ) Tj ET Q q 0 0 0 rg BT 291.10 683.20 Td (but ) Tj ET Q q 0 0 0 rg BT 306.27 683.20 Td (expected, ) Tj ET Q q 0 0 0 rg BT 346.70 683.20 Td (decline ) Tj ET Q q 0 0 0 rg BT 377.96 683.20 Td (in ) Tj ET Q q 0 0 0 rg BT 388.13 683.20 Td (DHX ) Tj ET Q q 0 0 0 rg BT 412.02 683.20 Td (T) Tj ET Q q 0 0 0 rg BT 417.43 683.20 Td (elevision ) Tj ET Q q 0 0 0 rg BT 455.93 683.20 Td (revenues ) Tj ET Q q 0 0 0 rg BT 493.86 683.20 Td (and ) Tj ET Q q 0 0 0 rg BT 510.69 683.20 Td (more ) Tj ET Q q 0 0 0 rg BT 533.63 683.20 Td (modest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 671.20 Td (declines ) Tj ET Q q 0 0 0 rg BT 85.40 671.20 Td (in ) Tj ET Q q 0 0 0 rg BT 95.81 671.20 Td (producer ) Tj ET Q q 0 0 0 rg BT 133.97 671.20 Td (and ) Tj ET Q q 0 0 0 rg BT 151.04 671.20 Td (service ) Tj ET Q q 0 0 0 rg BT 181.99 671.20 Td (fee ) Tj ET Q q 0 0 0 rg BT 196.83 671.20 Td (revenues ) Tj ET Q q 0 0 0 rg BT 235.00 671.20 Td (and ) Tj ET Q q 0 0 0 rg BT 252.07 671.20 Td (new ) Tj ET Q q 0 0 0 rg BT 271.36 671.20 Td (media ) Tj ET Q q 0 0 0 rg BT 298.43 671.20 Td (revenues. ) Tj ET Q q 0 0 0 rg BT 339.10 671.20 Td (Comparatively) Tj ET Q q 0 0 0 rg BT 397.88 671.20 Td (, ) Tj ET Q q 0 0 0 rg BT 403.01 671.20 Td (Q4 ) Tj ET Q q 0 0 0 rg BT 417.86 671.20 Td (2016 ) Tj ET Q q 0 0 0 rg BT 440.49 671.20 Td (and ) Tj ET Q q 0 0 0 rg BT 457.56 671.20 Td (Q4 ) Tj ET Q q 0 0 0 rg BT 472.42 671.20 Td (2015 ) Tj ET Q q 0 0 0 rg BT 495.05 671.20 Td (include ) Tj ET Q q 0 0 0 rg BT 527.11 671.20 Td (the ) Tj ET Q q 0 0 0 rg BT 541.96 671.20 Td (same ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 659.20 Td (assets ) Tj ET Q q 0 0 0 rg BT 76.21 659.20 Td (in ) Tj ET Q q 0 0 0 rg BT 86.86 659.20 Td (terms ) Tj ET Q q 0 0 0 rg BT 111.95 659.20 Td (of ) Tj ET Q q 0 0 0 rg BT 123.16 659.20 Td (previous ) Tj ET Q q 0 0 0 rg BT 160.47 659.20 Td (acquisitions; ) Tj ET Q q 0 0 0 rg BT 213.90 659.20 Td (accordingly) Tj ET Q q 0 0 0 rg BT 260.45 659.20 Td (, ) Tj ET Q q 0 0 0 rg BT 265.83 659.20 Td (all ) Tj ET Q q 0 0 0 rg BT 278.70 659.20 Td (revenue ) Tj ET Q q 0 0 0 rg BT 313.22 659.20 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 363.31 659.20 Td (in ) Tj ET Q q 0 0 0 rg BT 373.96 659.20 Td (comparing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.60 659.20 Td (Q4 ) Tj ET Q q 0 0 0 rg BT 434.70 659.20 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.70 659.20 Td ( ) Tj ET Q q 0 0 0 rg BT 457.58 659.20 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.23 659.20 Td (Q4 ) Tj ET Q q 0 0 0 rg BT 483.33 659.20 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.33 659.20 Td ( ) Tj ET Q q 0 0 0 rg BT 506.21 659.20 Td (are ) Tj ET Q q 0 0 0 rg BT 521.29 659.20 Td (or) Tj ET Q q 0 0 0 rg BT 529.44 659.20 Td (ganic. ) Tj ET Q q 0 0 0 rg BT 555.83 659.20 Td (A) Tj ET Q q 0 0 0 rg BT 562.50 659.20 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 647.20 Td (detailed ) Tj ET Q q 0 0 0 rg BT 84.15 647.20 Td (review ) Tj ET Q q 0 0 0 rg BT 113.86 647.20 Td (of ) Tj ET Q q 0 0 0 rg BT 124.69 647.20 Td (each ) Tj ET Q q 0 0 0 rg BT 145.50 647.20 Td (source ) Tj ET Q q 0 0 0 rg BT 174.10 647.20 Td (of ) Tj ET Q q 0 0 0 rg BT 184.93 647.20 Td (revenue ) Tj ET Q q 0 0 0 rg BT 219.08 647.20 Td (is ) Tj ET Q q 0 0 0 rg BT 228.25 647.20 Td (included ) Tj ET Q q 0 0 0 rg BT 265.18 647.20 Td (below) Tj ET Q q 0 0 0 rg BT 288.97 647.20 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 68.00 629.20 Td (The ) Tj ET Q q 0 0 0 rg BT 85.26 629.20 Td (Company's ) Tj ET Q q 0 0 0 rg BT 131.88 629.20 Td (Content ) Tj ET Q q 0 0 0 rg BT 165.80 629.20 Td (Business ) Tj ET Q q 0 0 0 rg BT 203.06 629.20 Td (is ) Tj ET Q q 0 0 0 rg BT 211.99 629.20 Td (comprised ) Tj ET Q q 0 0 0 rg BT 255.91 629.20 Td (of ) Tj ET Q q 0 0 0 rg BT 265.94 629.20 Td (Pr) Tj ET Q q 0 0 0 rg BT 275.57 629.20 Td (oprietary ) Tj ET Q q 0 0 0 rg BT 315.05 629.20 Td (Pr) Tj ET Q q 0 0 0 rg BT 324.67 629.20 Td (oduction, ) Tj ET Q q 0 0 0 rg BT 364.43 629.20 Td (Distribution, ) Tj ET Q q 0 0 0 rg BT 418.08 629.20 Td (M&L-Owned, ) Tj ET Q q 0 0 0 rg BT 476.17 629.20 Td (Pr) Tj ET Q q 0 0 0 rg BT 485.80 629.20 Td (oducer ) Tj ET Q q 0 0 0 rg BT 515.83 629.20 Td (and ) Tj ET Q q 0 0 0 rg BT 533.09 629.20 Td (Service ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 617.20 Td (Fees, ) Tj ET Q q 0 0 0 rg BT 73.88 617.20 Td (and ) Tj ET Q q 0 0 0 rg BT 91.38 617.20 Td (New ) Tj ET Q q 0 0 0 rg BT 111.66 617.20 Td (Media ) Tj ET Q q 0 0 0 rg BT 139.70 617.20 Td (and ) Tj ET Q q 0 0 0 rg BT 157.20 617.20 Td (Other) Tj ET Q q 0 0 0 rg BT 179.42 617.20 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 68.00 599.20 Td (Pr) Tj ET Q q 0 0 0 rg BT 77.63 599.20 Td (oprietary ) Tj ET Q q 0 0 0 rg BT 118.60 599.20 Td (pr) Tj ET Q q 0 0 0 rg BT 127.12 599.20 Td (oduction ) Tj ET Q q 0 0 0 rg BT 165.87 599.20 Td (r) Tj ET Q q 0 0 0 rg BT 169.39 599.20 Td (evenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.03 599.20 Td (: ) Tj ET Q q 0 0 0 rg BT 207.56 599.20 Td (Proprietary ) Tj ET Q q 0 0 0 rg BT 256.30 599.20 Td (production ) Tj ET Q q 0 0 0 rg BT 303.38 599.20 Td (revenues ) Tj ET Q q 0 0 0 rg BT 342.67 599.20 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.08 599.20 Td (Q4 ) Tj ET Q q 0 0 0 rg BT 374.06 599.20 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.06 599.20 Td ( ) Tj ET Q q 0 0 0 rg BT 397.81 599.20 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.99 599.20 Td ($6.39 ) Tj ET Q q 0 0 0 rg BT 447.25 599.20 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.14 599.20 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.39 599.20 Td (an ) Tj ET Q q 0 0 0 rg BT 495.58 599.20 Td (increase ) Tj ET Q q 0 0 0 rg BT 532.09 599.20 Td (of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.42 599.20 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.17 599.20 Td (25%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 587.20 Td (compared ) Tj ET Q q 0 0 0 rg BT 91.35 587.20 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.05 587.20 Td ($5.12 ) Tj ET Q q 0 0 0 rg BT 125.47 587.20 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.36 587.20 Td ( ) Tj ET Q q 0 0 0 rg BT 156.29 587.20 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.87 587.20 Td (Q4 ) Tj ET Q q 0 0 0 rg BT 184.01 587.20 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.01 587.20 Td (. ) Tj ET Q q 0 0 0 rg BT 208.44 587.20 Td (For ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.25 587.20 Td (Q4 ) Tj ET Q q 0 0 0 rg BT 238.39 587.20 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.39 587.20 Td (, ) Tj ET Q q 0 0 0 rg BT 262.82 587.20 Td (the ) Tj ET Q q 0 0 0 rg BT 276.96 587.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 317.77 587.20 Td (added ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.57 587.20 Td (37.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.07 587.20 Td ( ) Tj ET Q q 0 0 0 rg BT 362.99 587.20 Td (proprietary ) Tj ET Q q 0 0 0 rg BT 409.34 587.20 Td (half-hours ) Tj ET Q q 0 0 0 rg BT 452.36 587.20 Td (to ) Tj ET Q q 0 0 0 rg BT 462.06 587.20 Td (the ) Tj ET Q q 0 0 0 rg BT 476.20 587.20 Td (library ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.78 587.20 Td (up) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.78 587.20 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.70 587.20 Td (23%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.03 587.20 Td ( ) Tj ET Q q 0 0 0 rg BT 536.95 587.20 Td (versus ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 575.20 Td (30.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 575.20 Td ( ) Tj ET Q q 0 0 0 rg BT 70.59 575.20 Td (proprietary ) Tj ET Q q 0 0 0 rg BT 118.11 575.20 Td (half-hours ) Tj ET Q q 0 0 0 rg BT 162.29 575.20 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.05 575.20 Td (Q4 ) Tj ET Q q 0 0 0 rg BT 192.36 575.20 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.36 575.20 Td (. ) Tj ET Q q 0 0 0 rg BT 217.95 575.20 Td (For ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.93 575.20 Td (Q4 ) Tj ET Q q 0 0 0 rg BT 250.24 575.20 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.24 575.20 Td (, ) Tj ET Q q 0 0 0 rg BT 275.83 575.20 Td (the ) Tj ET Q q 0 0 0 rg BT 291.14 575.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 333.12 575.20 Td (added ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.09 575.20 Td (30.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.59 575.20 Td ( ) Tj ET Q q 0 0 0 rg BT 380.68 575.20 Td (half-hours ) Tj ET Q q 0 0 0 rg BT 424.87 575.20 Td (of ) Tj ET Q q 0 0 0 rg BT 436.29 575.20 Td (third ) Tj ET Q q 0 0 0 rg BT 458.27 575.20 Td (party ) Tj ET Q q 0 0 0 rg BT 481.90 575.20 Td (produced ) Tj ET Q q 0 0 0 rg BT 522.20 575.20 Td (titles ) Tj ET Q q 0 0 0 rg BT 544.74 575.20 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 563.20 Td (distribution ) Tj ET Q q 0 0 0 rg BT 98.49 563.20 Td (rights ) Tj ET Q q 0 0 0 rg BT 123.64 563.20 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.97 563.20 Td (Q4 ) Tj ET Q q 0 0 0 rg BT 141.56 563.20 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.56 563.20 Td (-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.89 563.20 Td (45.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.39 563.20 Td ( ) Tj ET Q q 0 0 0 rg BT 184.77 563.20 Td (half-hours\), ) Tj ET Q q 0 0 0 rg BT 234.07 563.20 Td (a ) Tj ET Q q 0 0 0 rg BT 240.88 563.20 Td (decline ) Tj ET Q q 0 0 0 rg BT 272.12 563.20 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.83 563.20 Td (33%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.16 563.20 Td (. ) Tj ET Q q 0 0 0 rg BT 305.86 563.20 Td (The ) Tj ET Q q 0 0 0 rg BT 323.78 563.20 Td (proprietary ) Tj ET Q q 0 0 0 rg BT 370.58 563.20 Td (production ) Tj ET Q q 0 0 0 rg BT 416.27 563.20 Td (revenue ) Tj ET Q q 0 0 0 rg BT 450.29 563.20 Td (was ) Tj ET Q q 0 0 0 rg BT 468.22 563.20 Td (ahead ) Tj ET Q q 0 0 0 rg BT 493.91 563.20 Td (of ) Tj ET Q q 0 0 0 rg BT 504.61 563.20 Td (Management's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 551.20 Td (expected ) Tj ET Q q 0 0 0 rg BT 88.03 551.20 Td (range ) Tj ET Q q 0 0 0 rg BT 112.74 551.20 Td (for ) Tj ET Q q 0 0 0 rg BT 126.90 551.20 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 165.49 551.20 Td (pacing ) Tj ET Q q 0 0 0 rg BT 194.65 551.20 Td (as ) Tj ET Q q 0 0 0 rg BT 205.48 551.20 Td (provided ) Tj ET Q q 0 0 0 rg BT 243.53 551.20 Td (in ) Tj ET Q q 0 0 0 rg BT 253.80 551.20 Td (the ) Tj ET Q q 0 0 0 rg BT 268.52 551.20 Td (Q3 ) Tj ET Q q 0 0 0 rg BT 283.24 551.20 Td (2016 ) Tj ET Q q 0 0 0 rg BT 305.74 551.20 Td (MD&A. ) Tj ET Q q 0 0 0 rg BT 341.86 551.20 Td (See ) Tj ET Q q 0 0 0 rg BT 358.79 551.20 Td (delivery ) Tj ET Q q 0 0 0 rg BT 394.06 551.20 Td (chart ) Tj ET Q q 0 0 0 rg BT 416.54 551.20 Td (below ) Tj ET Q q 0 0 0 rg BT 443.48 551.20 Td (for ) Tj ET Q q 0 0 0 rg BT 457.64 551.20 Td (further ) Tj ET Q q 0 0 0 rg BT 487.35 551.20 Td (details.) Tj ET Q endstream endobj 29 0 obj <> endobj 30 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6 0.6 0.6 rg BT 301.00 31.60 Td (14) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 68.00 742.10 Td (The ) Tj ET Q q 0 0 0 rg BT 85.34 742.10 Td (br) Tj ET Q q 0 0 0 rg BT 93.86 742.10 Td (eakdown ) Tj ET Q q 0 0 0 rg BT 131.75 742.10 Td (for ) Tj ET Q q 0 0 0 rg BT 145.76 742.10 Td (content ) Tj ET Q q 0 0 0 rg BT 177.54 742.10 Td (library ) Tj ET Q q 0 0 0 rg BT 207.66 742.10 Td (deliveries ) Tj ET Q q 0 0 0 rg BT 248.87 742.10 Td (\(including ) Tj ET Q q 0 0 0 rg BT 292.31 742.10 Td (pr) Tj ET Q q 0 0 0 rg BT 300.83 742.10 Td (oprietary ) Tj ET Q q 0 0 0 rg BT 340.39 742.10 Td (deliveries ) Tj ET Q q 0 0 0 rg BT 381.61 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 398.95 742.10 Td (deliveries ) Tj ET Q q 0 0 0 rg BT 440.16 742.10 Td (on ) Tj ET Q q 0 0 0 rg BT 452.50 742.10 Td (Distribution ) Tj ET Q q 0 0 0 rg BT 503.74 742.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 529.42 742.10 Td (for ) Tj ET Q q 0 0 0 rg BT 543.43 742.10 Td (thir) Tj ET Q q 0 0 0 rg BT 557.51 742.10 Td (d ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (party ) Tj ET Q q 0 0 0 rg BT 73.61 730.10 Td (pr) Tj ET Q q 0 0 0 rg BT 82.13 730.10 Td (oduced ) Tj ET Q q 0 0 0 rg BT 113.51 730.10 Td (titles\) ) Tj ET Q q 0 0 0 rg BT 138.78 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 156.28 730.10 Td (dollar ) Tj ET Q q 0 0 0 rg BT 183.23 730.10 Td (value ) Tj ET Q q 0 0 0 rg BT 207.38 730.10 Td (subtotals ) Tj ET Q q 0 0 0 rg BT 246.00 730.10 Td (per ) Tj ET Q q 0 0 0 rg BT 261.83 730.10 Td (category ) Tj ET Q q 0 0 0 rg BT 299.32 730.10 Td (for ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 313.49 730.10 Td (Q4 ) Tj ET Q q 0 0 0 rg BT 328.21 730.10 Td (2016) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 348.21 730.10 Td ( ) Tj ET Q q 0 0 0 rg BT 350.71 730.10 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 368.21 730.10 Td (Q4 ) Tj ET Q q 0 0 0 rg BT 382.93 730.10 Td (2015) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 402.93 730.10 Td ( ) Tj ET Q q 0 0 0 rg BT 405.43 730.10 Td (was ) Tj ET Q q 0 0 0 rg BT 423.49 730.10 Td (as ) Tj ET Q q 0 0 0 rg BT 434.88 730.10 Td (follows: ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67.75 719.6 m 67.75 707.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67.75 719.6 m 311.75 719.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311.75 719.6 m 369.75 719.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.75 719.6 m 414.75 719.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.75 707.6 m 414.75 707.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.75 719.6 m 465.75 719.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.75 707.6 m 465.75 707.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.75 719.6 m 471.75 719.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.75 719.6 m 511.75 719.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.75 707.6 m 511.75 707.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.75 719.6 m 557.75 719.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.75 707.6 m 557.75 707.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 561.75 719.6 m 561.75 707.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 557.75 719.6 m 561.75 719.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67.75 707.6 m 67.75 702.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 561.75 707.6 m 561.75 702.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67.75 702.6 m 67.75 690.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 561.75 702.6 m 561.75 690.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67.75 690.6 m 67.75 685.6 l s 0.7529411764705882 0.7529411764705882 0.7529411764705882 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67.75 685.6 m 311.75 685.6 l s 0.7529411764705882 0.7529411764705882 0.7529411764705882 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311.75 685.6 m 369.75 685.6 l s 0.7529411764705882 0.7529411764705882 0.7529411764705882 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.75 685.6 m 414.75 685.6 l s 0.7529411764705882 0.7529411764705882 0.7529411764705882 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.75 685.6 m 465.75 685.6 l s 0.7529411764705882 0.7529411764705882 0.7529411764705882 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.75 685.6 m 471.75 685.6 l s 0.7529411764705882 0.7529411764705882 0.7529411764705882 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.75 685.6 m 511.75 685.6 l s 0.7529411764705882 0.7529411764705882 0.7529411764705882 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.75 685.6 m 557.75 685.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 561.75 690.6 m 561.75 685.6 l s 0.7529411764705882 0.7529411764705882 0.7529411764705882 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 557.75 685.6 m 561.75 685.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67.75 685.6 m 67.75 673.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 561.75 685.6 m 561.75 673.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67.75 673.6 m 67.75 661.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 561.75 673.6 m 561.75 661.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67.75 661.6 m 67.75 649.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 561.75 661.6 m 561.75 649.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67.75 649.6 m 67.75 637.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 561.75 649.6 m 561.75 637.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67.75 637.6 m 67.75 625.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 561.75 637.6 m 561.75 625.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67.75 625.6 m 67.75 613.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 561.75 625.6 m 561.75 613.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67.75 613.6 m 67.75 601.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 561.75 613.6 m 561.75 601.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67.75 601.6 m 67.75 589.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 561.75 601.6 m 561.75 589.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67.75 589.6 m 67.75 577.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 561.75 589.6 m 561.75 577.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67.75 577.6 m 67.75 565.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 561.75 577.6 m 561.75 565.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67.75 565.6 m 67.75 553.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 561.75 565.6 m 561.75 553.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67.75 553.6 m 67.75 549.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.75 549.6 m 414.75 549.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.75 549.6 m 511.75 549.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 561.75 553.6 m 561.75 549.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67.75 549.6 m 67.75 537.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.75 549.6 m 414.75 549.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.75 537.6 m 414.75 537.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.75 549.6 m 465.75 549.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.75 537.6 m 465.75 537.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.75 549.6 m 511.75 549.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.75 537.6 m 511.75 537.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.75 549.6 m 557.75 549.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.75 537.6 m 557.75 537.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 561.75 549.6 m 561.75 537.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67.75 537.6 m 67.75 530.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 561.75 537.6 m 561.75 530.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67.75 530.6 m 67.75 518.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 561.75 530.6 m 561.75 518.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67.75 518.6 m 67.75 506.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 561.75 518.6 m 561.75 506.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67.75 506.6 m 67.75 494.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 561.75 506.6 m 561.75 494.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67.75 494.6 m 67.75 482.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 561.75 494.6 m 561.75 482.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67.75 482.6 m 67.75 470.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 561.75 482.6 m 561.75 470.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67.75 470.6 m 67.75 458.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 561.75 470.6 m 561.75 458.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67.75 458.6 m 67.75 446.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 561.75 458.6 m 561.75 446.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67.75 446.6 m 67.75 434.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 561.75 446.6 m 561.75 434.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67.75 434.6 m 67.75 422.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 561.75 434.6 m 561.75 422.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67.75 422.6 m 67.75 410.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 561.75 422.6 m 561.75 410.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67.75 410.6 m 67.75 398.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.75 398.6 m 465.75 398.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 561.75 410.6 m 561.75 398.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67.75 398.6 m 67.75 386.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.75 386.6 m 465.75 386.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.75 398.6 m 557.75 398.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.75 386.6 m 557.75 386.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 561.75 398.6 m 561.75 386.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67.75 386.6 m 67.75 380.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 561.75 386.6 m 561.75 380.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67.75 380.6 m 67.75 368.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 369.75 368.6 m 414.75 368.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 414.75 368.6 m 465.75 368.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 471.75 368.6 m 511.75 368.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 511.75 368.6 m 557.75 368.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 561.75 380.6 m 561.75 368.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67.75 368.6 m 67.75 364.6 l s 0.7529411764705882 0.7529411764705882 0.7529411764705882 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67.75 364.6 m 311.75 364.6 l s 0.7529411764705882 0.7529411764705882 0.7529411764705882 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311.75 364.6 m 369.75 364.6 l s 0.7529411764705882 0.7529411764705882 0.7529411764705882 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.75 364.6 m 414.75 364.6 l s 0.7529411764705882 0.7529411764705882 0.7529411764705882 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.75 364.6 m 465.75 364.6 l s 0.7529411764705882 0.7529411764705882 0.7529411764705882 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.75 364.6 m 511.75 364.6 l s 0.7529411764705882 0.7529411764705882 0.7529411764705882 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.75 364.6 m 557.75 364.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 561.75 368.6 m 561.75 364.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67.75 364.6 m 67.75 359.6 l s 0.7529411764705882 0.7529411764705882 0.7529411764705882 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67.75 359.6 m 311.75 359.6 l s 0.7529411764705882 0.7529411764705882 0.7529411764705882 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311.75 359.6 m 369.75 359.6 l s 0.7529411764705882 0.7529411764705882 0.7529411764705882 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.75 359.6 m 414.75 359.6 l s 0.7529411764705882 0.7529411764705882 0.7529411764705882 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.75 359.6 m 465.75 359.6 l s 0.7529411764705882 0.7529411764705882 0.7529411764705882 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.75 359.6 m 511.75 359.6 l s 0.7529411764705882 0.7529411764705882 0.7529411764705882 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.75 359.6 m 557.75 359.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 561.75 364.6 m 561.75 359.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67.75 359.6 m 67.75 354.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 561.75 359.6 m 561.75 354.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67.75 354.6 m 67.75 342.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 561.75 354.6 m 561.75 342.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67.75 342.6 m 67.75 330.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 561.75 342.6 m 561.75 330.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67.75 330.6 m 67.75 318.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.75 330.6 m 414.75 330.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.75 319.6 m 414.75 319.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.75 317.6 m 414.75 317.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.75 330.6 m 465.75 330.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.75 319.6 m 465.75 319.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.75 317.6 m 465.75 317.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.75 330.6 m 511.75 330.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.75 319.6 m 511.75 319.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.75 317.6 m 511.75 317.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.75 330.6 m 557.75 330.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.75 319.6 m 557.75 319.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.75 317.6 m 557.75 317.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 561.75 330.6 m 561.75 318.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67.75 318.6 m 67.75 314.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67.75 314.6 m 311.75 314.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311.75 314.6 m 369.75 314.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.75 314.6 m 414.75 314.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.75 314.6 m 465.75 314.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.75 314.6 m 471.75 314.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.75 314.6 m 511.75 314.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.75 314.6 m 557.75 314.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 561.75 318.6 m 561.75 314.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 557.75 314.6 m 561.75 314.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 403.10 711.68 Td (Q4 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 500.10 711.68 Td (Q4 2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 70.25 694.68 Td (Category and Title) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 314.25 694.68 Td (Season or Type) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 380.35 694.68 Td ($ Million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 424.90 694.68 Td (Half-hours) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 477.35 694.68 Td ($ Million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 516.90 694.68 Td (Half-hours) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 70.25 677.68 Td (Children's and Family:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 70.25 653.68 Td ( Proprietary) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 70.25 641.55 Td ( ) Tj ET Q q 0 0 0 rg BT 78.11 641.55 Td (Airmageddon) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 338.90 641.55 Td (I) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 453.90 641.55 Td (15) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 545.90 641.55 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 70.25 629.55 Td ( The Deep) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 338.90 629.55 Td (I) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.90 629.55 Td (2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 549.90 629.55 Td (6) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 70.25 617.55 Td ( Kate & Mim-Mim) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 337.55 617.55 Td (II) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.90 617.55 Td (7) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 545.90 617.55 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 70.25 605.55 Td ( Looped) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 338.90 605.55 Td (I) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 453.90 605.55 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 549.90 605.55 Td (6) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 70.25 593.55 Td ( Make it Pop!) 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0 0 0 rg BT 453.90 372.68 Td (67) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 490.25 372.68 Td ($5.12) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 545.90 372.68 Td (75) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 70.25 346.68 Td (Total Proprietary) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 393.25 346.55 Td ($6.39) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 453.90 346.55 Td (37) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.25 346.55 Td ($5.12) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 545.90 346.55 Td (30) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 70.25 334.68 Td (Total Third Party Produced Titles with Distribution Rights) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 403.55 334.55 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 453.90 334.55 Td (30) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 500.50 334.55 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 545.90 334.55 Td (45) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 393.25 322.68 Td ($6.39) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 453.90 322.68 Td (67) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 490.25 322.68 Td ($5.12) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 545.90 322.68 Td (75) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 68.00 297.10 Td (Distribution ) Tj ET Q q 0 0 0 rg BT 119.76 297.10 Td (r) Tj ET Q q 0 0 0 rg BT 123.28 297.10 Td (evenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.92 297.10 Td (: ) Tj ET Q q 0 0 0 rg BT 160.56 297.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 215.62 297.10 Td (is ) Tj ET Q q 0 0 0 rg BT 225.15 297.10 Td (extremely ) Tj ET Q q 0 0 0 rg BT 267.99 297.10 Td (pleased ) Tj ET Q q 0 0 0 rg BT 300.83 297.10 Td (to ) Tj ET Q q 0 0 0 rg BT 311.47 297.10 Td (report ) Tj ET Q q 0 0 0 rg BT 338.21 297.10 Td (that ) Tj ET Q q 0 0 0 rg BT 356.06 297.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.58 297.10 Td (Q4 ) Tj ET Q q 0 0 0 rg BT 385.66 297.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.66 297.10 Td (, ) Tj ET Q q 0 0 0 rg BT 411.02 297.10 Td (distribution ) Tj ET Q q 0 0 0 rg BT 459.99 297.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 498.39 297.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.67 297.10 Td (up) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.67 297.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.53 297.10 Td (23%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 551.86 297.10 Td ( ) Tj ET Q q 0 0 0 rg BT 554.72 297.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 285.10 Td ($30.02 ) Tj ET Q q 0 0 0 rg BT 79.56 285.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.45 285.10 Td (, ) Tj ET Q q 0 0 0 rg BT 113.01 285.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.50 285.10 Td ($24.43 ) Tj ET Q q 0 0 0 rg BT 164.06 285.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.95 285.10 Td ( ) Tj ET Q q 0 0 0 rg BT 195.01 285.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.72 285.10 Td (Q4 ) Tj ET Q q 0 0 0 rg BT 223.00 285.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.00 285.10 Td (. ) Tj ET Q q 0 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0 0 rg BT 331.51 273.10 Td (at ) Tj ET Q q 0 0 0 rg BT 342.11 273.10 Td (the ) Tj ET Q q 0 0 0 rg BT 357.71 273.10 Td (top ) Tj ET Q q 0 0 0 rg BT 373.87 273.10 Td (of ) Tj ET Q q 0 0 0 rg BT 385.58 273.10 Td (Management's ) Tj ET Q q 0 0 0 rg BT 446.86 273.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 485.78 273.10 Td (range ) Tj ET Q q 0 0 0 rg BT 511.37 273.10 Td (for ) Tj ET Q q 0 0 0 rg BT 526.41 273.10 Td (quarterly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 261.10 Td (pacing. ) Tj ET Q q 0 0 0 rg BT 81.78 261.10 Td (For ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.31 261.10 Td (Q4 ) Tj ET Q q 0 0 0 rg BT 113.16 261.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.16 261.10 Td (, ) Tj ET Q q 0 0 0 rg BT 138.29 261.10 Td (amongst ) Tj ET Q q 0 0 0 rg BT 174.80 261.10 Td (other ) Tj ET Q q 0 0 0 rg BT 197.98 261.10 Td (key ) Tj ET Q q 0 0 0 rg BT 215.05 261.10 Td (distribution ) Tj ET Q q 0 0 0 rg BT 263.79 261.10 Td (deals ) Tj ET Q q 0 0 0 rg BT 286.97 261.10 Td (for ) Tj ET Q q 0 0 0 rg BT 301.25 261.10 Td (both ) Tj ET Q q 0 0 0 rg BT 321.66 261.10 Td (linear ) Tj ET Q q 0 0 0 rg BT 347.06 261.10 Td (and ) Tj ET Q q 0 0 0 rg BT 364.12 261.10 Td (digital ) Tj ET Q q 0 0 0 rg BT 392.30 261.10 Td (platforms, ) Tj ET Q q 0 0 0 rg BT 435.76 261.10 Td (the ) Tj ET Q q 0 0 0 rg BT 450.61 261.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 492.12 261.10 Td (closed ) Tj ET Q q 0 0 0 rg BT 520.30 261.10 Td (significant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 249.10 Td (deals ) Tj ET Q q 0 0 0 rg BT 72.87 249.10 Td (with ) Tj ET Q q 0 0 0 rg BT 92.46 249.10 Td (Amazon, ) Tj ET Q q 0 0 0 rg BT 131.17 249.10 Td (Buena ) Tj ET Q q 0 0 0 rg BT 158.87 249.10 Td (V) Tj ET Q q 0 0 0 rg BT 165.50 249.10 Td (ista ) Tj ET Q q 0 0 0 rg BT 181.71 249.10 Td (International, ) Tj ET Q q 0 0 0 rg BT 237.62 249.10 Td (iFlix, ) Tj ET Q q 0 0 0 rg BT 261.35 249.10 Td (Netflix, ) Tj ET Q q 0 0 0 rg BT 294.50 249.10 Td (Starz, ) Tj ET Q q 0 0 0 rg BT 319.87 249.10 Td (and ) Tj ET Q q 0 0 0 rg BT 336.47 249.10 Td (V) Tj ET Q q 0 0 0 rg BT 343.09 249.10 Td (iacom. ) Tj ET Q q 0 0 0 rg BT 371.84 249.10 Td (Also ) Tj ET Q q 0 0 0 rg BT 393.06 249.10 Td (included ) Tj ET Q q 0 0 0 rg BT 429.82 249.10 Td (in ) Tj ET Q q 0 0 0 rg BT 439.92 249.10 Td (these ) Tj ET Q q 0 0 0 rg BT 462.79 249.10 Td (figures ) Tj ET Q q 0 0 0 rg BT 492.89 249.10 Td (are ) Tj ET Q q 0 0 0 rg BT 507.42 249.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 536.95 249.10 Td (digital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 237.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 88.31 237.10 Td (such ) Tj ET Q q 0 0 0 rg BT 109.42 237.10 Td (as ) Tj ET Q q 0 0 0 rg BT 120.53 237.10 Td (advertising ) Tj ET Q q 0 0 0 rg BT 167.74 237.10 Td (and ) Tj ET Q q 0 0 0 rg BT 184.96 237.10 Td (subscription ) Tj ET Q q 0 0 0 rg BT 236.62 237.10 Td (video ) Tj ET Q q 0 0 0 rg BT 261.61 237.10 Td (on ) Tj ET Q q 0 0 0 rg BT 274.39 237.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 308.82 237.10 Td (\(") Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 316.24 237.10 Td (V) Tj ET Q q 0 0 0 rg BT 323.26 237.10 Td (OD) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.26 237.10 Td ("\) ) Tj ET Q q 0 0 0 rg BT 348.45 237.10 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 389.26 237.10 Td (from ) Tj ET Q q 0 0 0 rg BT 411.48 237.10 Td (multiple ) Tj ET Q q 0 0 0 rg BT 447.58 237.10 Td (platforms ) Tj ET Q q 0 0 0 rg BT 488.69 237.10 Td (including ) Tj ET Q q 0 0 0 rg BT 528.63 237.10 Td (Amazon ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 225.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.76 225.10 Td (Y) Tj ET Q q 0 0 0 rg BT 72.99 225.10 Td (ouT) Tj ET Q q 0 0 0 rg BT 88.74 225.10 Td (ube ) Tj ET Q q 0 0 0 rg BT 105.91 225.10 Td (\(now ) Tj ET Q q 0 0 0 rg BT 129.20 225.10 Td (unveiled ) Tj ET Q q 0 0 0 rg BT 166.36 225.10 Td (as ) Tj ET Q q 0 0 0 rg BT 177.23 225.10 Td (W) Tj ET Q q 0 0 0 rg BT 186.26 225.10 Td (ildbrain\). ) Tj ET Q q 0 0 0 rg BT 225.73 225.10 Td (The ) Tj ET Q q 0 0 0 rg BT 244.01 225.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 267.86 225.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 302.23 225.10 Td (from ) Tj ET Q q 0 0 0 rg BT 324.21 225.10 Td (W) Tj ET Q q 0 0 0 rg BT 333.25 225.10 Td (ildbrain, ) Tj ET Q q 0 0 0 rg BT 369.58 225.10 Td (unveiled ) Tj ET Q q 0 0 0 rg BT 406.75 225.10 Td (on ) Tj ET Q q 0 0 0 rg BT 418.88 225.10 Td (April ) Tj ET Q q 0 0 0 rg BT 442.72 225.10 Td (25, ) Tj ET Q q 0 0 0 rg BT 457.95 225.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 483.18 225.10 Td (\(formerly ) Tj ET Q q 0 0 0 rg BT 524.23 225.10 Td (known ) Tj ET Q q 0 0 0 rg BT 554.18 225.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 213.10 Td (Google ) Tj ET Q q 0 0 0 rg BT 81.94 213.10 Td (\(Y) Tj ET Q q 0 0 0 rg BT 91.49 213.10 Td (ouT) Tj ET Q q 0 0 0 rg BT 107.25 213.10 Td (ube.com\) ) Tj ET Q q 0 0 0 rg BT 147.23 213.10 Td (relationship\) ) Tj ET Q q 0 0 0 rg BT 200.27 213.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.43 213.10 Td (Q4 ) Tj ET Q q 0 0 0 rg BT 229.16 213.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.16 213.10 Td ( ) Tj ET Q q 0 0 0 rg BT 251.66 213.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.71 213.10 Td ($5.66 ) Tj ET Q q 0 0 0 rg BT 294.71 213.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.60 213.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.60 213.10 Td (up) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.60 213.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.10 213.10 Td (101%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.43 213.10 Td ( ) Tj ET Q q 0 0 0 rg BT 366.93 213.10 Td (versus ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.98 213.10 Td (Q4 ) Tj ET Q q 0 0 0 rg BT 409.70 213.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.70 213.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.20 213.10 Td ($2.81 ) Tj ET Q q 0 0 0 rg BT 457.20 213.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.09 213.10 Td (. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 68.00 195.10 Td (M&L-owned ) Tj ET Q q 0 0 0 rg BT 121.44 195.10 Td (r) Tj ET Q q 0 0 0 rg BT 124.96 195.10 Td (evenues ) Tj ET Q q 0 0 0 rg BT 158.94 195.10 Td (\(including ) Tj ET Q q 0 0 0 rg BT 202.37 195.10 Td (music ) Tj ET Q q 0 0 0 rg BT 228.03 195.10 Td (and ) Tj ET Q q 0 0 0 rg BT 245.36 195.10 Td (r) Tj ET Q q 0 0 0 rg BT 248.88 195.10 Td (oyalties\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.31 195.10 Td (: ) Tj ET Q q 0 0 0 rg BT 288.42 195.10 Td (For ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.65 195.10 Td (Q4 ) Tj ET Q q 0 0 0 rg BT 319.20 195.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.20 195.10 Td (, ) Tj ET Q q 0 0 0 rg BT 344.03 195.10 Td (the ) Tj ET Q q 0 0 0 rg BT 358.58 195.10 Td (M&L-owned ) Tj ET Q q 0 0 0 rg BT 413.68 195.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 451.54 195.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.30 195.10 Td ($5.52 ) Tj ET Q q 0 0 0 rg BT 498.13 195.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.02 195.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.85 195.10 Td (up) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.85 195.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.19 195.10 Td (39%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 183.10 Td (as ) Tj ET Q q 0 0 0 rg BT 60.74 183.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 102.57 183.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.75 183.10 Td ($3.97 ) Tj ET Q q 0 0 0 rg BT 137.66 183.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.55 183.10 Td ( ) Tj ET Q q 0 0 0 rg BT 168.96 183.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.03 183.10 Td (Q4 ) Tj ET Q q 0 0 0 rg BT 197.66 183.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.66 183.10 Td (. ) Tj ET Q q 0 0 0 rg BT 222.56 183.10 Td (For ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.86 183.10 Td (Q4 ) Tj ET Q q 0 0 0 rg BT 253.49 183.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.49 183.10 Td (, ) Tj ET Q q 0 0 0 rg BT 278.40 183.10 Td (M&L-owned ) Tj ET Q q 0 0 0 rg BT 333.57 183.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 371.52 183.10 Td (included ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.36 183.10 Td ($1.17 ) Tj ET Q q 0 0 0 rg BT 433.27 183.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.16 183.10 Td ( ) Tj ET Q q 0 0 0 rg BT 464.57 183.10 Td (from ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 486.41 183.10 Td (The ) Tj ET Q q 0 0 0 rg BT 503.82 183.10 Td (Next ) Tj ET Q q 0 0 0 rg BT 524.55 183.10 Td (Step ) Tj ET Q q 0 0 0 rg BT 544.17 183.10 Td (W) Tj ET Q q 0 0 0 rg BT 551.95 183.10 Td (ild ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 171.10 Td (Rhythm ) Tj ET Q q 0 0 0 rg BT 82.84 171.10 Td (T) Tj ET Q q 0 0 0 rg BT 87.49 171.10 Td (our) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.38 171.10 Td (, ) Tj ET Q q 0 0 0 rg BT 106.17 171.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 147.90 171.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.97 171.10 Td (Q4 ) Tj ET Q q 0 0 0 rg BT 172.49 171.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.49 171.10 Td (, ) Tj ET Q q 0 0 0 rg BT 197.28 171.10 Td (when ) Tj ET Q q 0 0 0 rg BT 221.24 171.10 Td (the ) Tj ET Q q 0 0 0 rg BT 235.75 171.10 Td (live ) Tj ET Q q 0 0 0 rg BT 253.05 171.10 Td (tour ) Tj ET Q q 0 0 0 rg BT 271.45 171.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 309.28 171.10 Td (were ) Tj ET Q q 0 0 0 rg BT 331.01 171.10 Td (negligible. ) Tj ET Q q 0 0 0 rg BT 375.80 171.10 Td (Excluding ) Tj ET Q q 0 0 0 rg BT 419.20 171.10 Td (the ) Tj ET Q q 0 0 0 rg BT 433.71 171.10 Td (live ) Tj ET Q q 0 0 0 rg BT 451.00 171.10 Td (tour ) Tj ET Q q 0 0 0 rg BT 469.40 171.10 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 509.74 171.10 Td (M&L-owned ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 159.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 87.29 159.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 100.71 159.10 Td (Q4 ) Tj ET Q q 0 0 0 rg BT 114.68 159.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.68 159.10 Td ( ) Tj ET Q q 0 0 0 rg BT 136.44 159.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.62 159.10 Td (up) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.62 159.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.37 159.10 Td (9%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.70 159.10 Td ( ) Tj ET Q q 0 0 0 rg BT 184.46 159.10 Td (as ) Tj ET Q q 0 0 0 rg BT 194.54 159.10 Td (the ) Tj ET Q q 0 0 0 rg BT 208.51 159.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 249.16 159.10 Td (continued ) Tj ET Q q 0 0 0 rg BT 290.34 159.10 Td (to ) Tj ET Q q 0 0 0 rg BT 299.88 159.10 Td (recognize ) Tj ET Q q 0 0 0 rg BT 340.49 159.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 377.78 159.10 Td (related ) Tj ET Q q 0 0 0 rg BT 406.74 159.10 Td (to ) Tj ET Q q 0 0 0 rg BT 416.27 159.10 Td (non-refundable ) Tj ET Q q 0 0 0 rg BT 479.11 159.10 Td (minimum ) Tj ET Q q 0 0 0 rg BT 519.76 159.10 Td (guarantees ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 147.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 95.94 147.10 Td (with ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 118.56 147.10 Td (T) Tj ET Q q 0 0 0 rg BT 123.20 147.10 Td (eletubbies, ) Tj ET Q q 0 0 0 rg BT 171.09 147.10 Td (In ) Tj ET Q q 0 0 0 rg BT 184.26 147.10 Td (The ) Tj ET Q q 0 0 0 rg BT 204.11 147.10 Td (Night ) Tj ET Q q 0 0 0 rg BT 231.18 147.10 Td (Gar) Tj ET Q q 0 0 0 rg BT 246.92 147.10 Td (den,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.86 147.10 Td ( ) Tj ET Q q 0 0 0 rg BT 268.70 147.10 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 287.99 147.10 Td (T) Tj ET Q q 0 0 0 rg BT 292.81 147.10 Td (wirlywoos) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.92 147.10 Td (. ) Tj ET Q q 0 0 0 rg BT 341.27 147.10 Td (M&L-owned ) Tj ET Q q 0 0 0 rg BT 398.88 147.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 439.26 147.10 Td (were ) Tj ET Q q 0 0 0 rg BT 463.54 147.10 Td (below ) Tj ET Q q 0 0 0 rg BT 492.82 147.10 Td (the ) Tj ET Q q 0 0 0 rg BT 509.88 147.10 Td (mid-point ) Tj ET Q q 0 0 0 rg BT 554.17 147.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 135.10 Td (Management's ) Tj ET Q q 0 0 0 rg BT 110.40 135.10 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 148.99 135.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 187.58 135.10 Td (from ) Tj ET Q q 0 0 0 rg BT 209.52 135.10 Td (the ) Tj ET Q q 0 0 0 rg BT 224.24 135.10 Td (Q3 ) Tj ET Q q 0 0 0 rg BT 238.96 135.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 261.46 135.10 Td (MD&A. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 68.00 117.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 77.63 117.10 Td (oducer ) Tj ET Q q 0 0 0 rg BT 107.76 117.10 Td (and ) Tj ET Q q 0 0 0 rg BT 125.13 117.10 Td (service ) Tj ET Q q 0 0 0 rg BT 155.81 117.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 169.83 117.10 Td (r) Tj ET Q q 0 0 0 rg BT 173.35 117.10 Td (evenues: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.69 117.10 Td (For ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.95 117.10 Td (Q4 ) Tj ET Q q 0 0 0 rg BT 241.54 117.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.54 117.10 Td (, ) Tj ET Q q 0 0 0 rg BT 266.40 117.10 Td (the ) Tj ET Q q 0 0 0 rg BT 280.99 117.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 322.24 117.10 Td (earned ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.25 117.10 Td ($9.1) Tj ET Q q 0 0 0 rg BT 368.38 117.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 375.74 117.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.64 117.10 Td ( ) Tj ET Q q 0 0 0 rg BT 407.00 117.10 Td (of ) Tj ET Q q 0 0 0 rg BT 417.70 117.10 Td (producer ) Tj ET Q q 0 0 0 rg BT 455.60 117.10 Td (and ) Tj ET Q q 0 0 0 rg BT 472.40 117.10 Td (service ) Tj ET Q q 0 0 0 rg BT 503.09 117.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 517.66 117.10 Td (revenues, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.06 117.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 105.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 86.29 105.10 Td (of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.62 105.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.49 105.10 Td (18%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.82 105.10 Td ( ) Tj ET Q q 0 0 0 rg BT 116.70 105.10 Td (versus ) Tj ET Q q 0 0 0 rg BT 144.13 105.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.22 105.10 Td ($1) Tj ET Q q 0 0 0 rg BT 167.85 105.10 Td (1.14 ) Tj ET Q q 0 0 0 rg BT 187.22 105.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.11 105.10 Td ( ) Tj ET Q q 0 0 0 rg BT 217.99 105.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.30 105.10 Td (Q4 ) Tj ET Q q 0 0 0 rg BT 253.40 105.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.40 105.10 Td (, ) Tj ET Q q 0 0 0 rg BT 277.77 105.10 Td (which ) Tj ET Q q 0 0 0 rg BT 304.09 105.10 Td (was ) Tj ET Q q 0 0 0 rg BT 321.51 105.10 Td (near ) Tj ET Q q 0 0 0 rg BT 340.60 105.10 Td (the ) Tj ET Q q 0 0 0 rg BT 354.69 105.10 Td (low ) Tj ET Q q 0 0 0 rg BT 371.56 105.10 Td (end ) Tj ET Q q 0 0 0 rg BT 387.88 105.10 Td (of ) Tj ET Q q 0 0 0 rg BT 398.08 105.10 Td (Management's ) Tj ET Q q 0 0 0 rg BT 457.85 105.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 495.26 105.10 Td (range ) Tj ET Q q 0 0 0 rg BT 519.34 105.10 Td (as ) Tj ET Q q 0 0 0 rg BT 529.55 105.10 Td (a ) Tj ET Q q 0 0 0 rg BT 535.86 105.10 Td (couple ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 93.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.83 93.10 Td (service ) Tj ET Q q 0 0 0 rg BT 91.65 93.10 Td (projects ) Tj ET Q q 0 0 0 rg BT 125.80 93.10 Td (started ) Tj ET Q q 0 0 0 rg BT 154.96 93.10 Td (later ) Tj ET Q q 0 0 0 rg BT 175.22 93.10 Td (than ) Tj ET Q q 0 0 0 rg BT 194.94 93.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 232.97 93.10 Td (for ) Tj ET Q q 0 0 0 rg BT 247.13 93.10 Td (Q4 ) Tj ET Q q 0 0 0 rg BT 261.85 93.10 Td (2016.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 68.00 75.10 Td (New ) Tj ET Q q 0 0 0 rg BT 88.35 75.10 Td (media ) Tj ET Q q 0 0 0 rg BT 115.36 75.10 Td (r) Tj ET Q q 0 0 0 rg BT 118.88 75.10 Td (evenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.52 75.10 Td (: ) Tj ET Q q 0 0 0 rg BT 155.87 75.10 Td (For ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.34 75.10 Td (Q4 ) Tj ET Q q 0 0 0 rg BT 187.13 75.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.13 75.10 Td (, ) Tj ET Q q 0 0 0 rg BT 212.20 75.10 Td (new ) Tj ET Q q 0 0 0 rg BT 231.43 75.10 Td (media ) Tj ET Q q 0 0 0 rg BT 258.43 75.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 296.54 75.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.54 75.10 Td (down) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.76 75.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.33 75.10 Td ($0.87 ) Tj ET Q q 0 0 0 rg BT 368.41 75.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.30 75.10 Td ( ) Tj ET Q q 0 0 0 rg BT 399.87 75.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.77 75.10 Td (47%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.10 75.10 Td ( ) Tj ET Q q 0 0 0 rg BT 431.67 75.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.02 75.10 Td ($0.98 ) Tj ET Q q 0 0 0 rg BT 467.09 75.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.98 75.10 Td ( ) Tj ET Q q 0 0 0 rg BT 498.55 75.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.88 75.10 Td (Q4 ) Tj ET Q q 0 0 0 rg BT 516.67 75.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.67 75.10 Td (-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.00 75.10 Td ($1.85 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 63.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 63.10 Td (\) ) Tj ET Q q 0 0 0 rg BT 83.91 63.10 Td (based ) Tj ET Q q 0 0 0 rg BT 108.37 63.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 147.27 63.10 Td (on ) Tj ET Q q 0 0 0 rg BT 158.96 63.10 Td (apps ) Tj ET Q q 0 0 0 rg BT 178.97 63.10 Td (and ) Tj ET Q q 0 0 0 rg BT 195.10 63.10 Td (games ) Tj ET Q q 0 0 0 rg BT 222.34 63.10 Td (as ) Tj ET Q q 0 0 0 rg BT 232.36 63.10 Td (the ) Tj ET Q q 0 0 0 rg BT 246.26 63.10 Td (UMIGO ) Tj ET Q q 0 0 0 rg BT 281.84 63.10 Td (project ) Tj ET Q q 0 0 0 rg BT 311.29 63.10 Td (has ) Tj ET Q q 0 0 0 rg BT 326.31 63.10 Td (now ) Tj ET Q q 0 0 0 rg BT 345.22 63.10 Td (been ) Tj ET Q q 0 0 0 rg BT 365.78 63.10 Td (completed, ) Tj ET Q q 0 0 0 rg BT 411.62 63.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 457.18 63.10 Td (for ) Tj ET Q q 0 0 0 rg BT 470.53 63.10 Td (the ) Tj ET Q q 0 0 0 rg BT 484.44 63.10 Td (decline ) Tj ET Q q 0 0 0 rg BT 515.00 63.10 Td (in ) Tj ET Q q 0 0 0 rg BT 524.46 63.10 Td (revenues.) Tj ET Q endstream endobj 31 0 obj <> endobj 32 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6 0.6 0.6 rg BT 301.00 31.60 Td (15) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 68.00 742.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 70.74 742.10 Td (T) Tj ET Q q 0 0 0 rg BT 75.38 742.10 Td (elevision ) Tj ET Q q 0 0 0 rg BT 113.66 742.10 Td (r) Tj ET Q q 0 0 0 rg BT 117.18 742.10 Td (evenues: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.89 742.10 Td (For ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.52 742.10 Td (Q4 ) Tj ET Q q 0 0 0 rg BT 186.48 742.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.48 742.10 Td (, ) Tj ET Q q 0 0 0 rg BT 211.72 742.10 Td (DHX ) Tj ET Q q 0 0 0 rg BT 235.92 742.10 Td (T) Tj ET Q q 0 0 0 rg BT 241.33 742.10 Td (elevision ) Tj ET Q q 0 0 0 rg BT 280.17 742.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 318.44 742.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.61 742.10 Td (down) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.83 742.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.57 742.10 Td (20%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.90 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 386.64 742.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.15 742.10 Td ($15.80 ) Tj ET Q q 0 0 0 rg BT 427.39 742.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.28 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 459.02 742.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.19 742.10 Td ($19.87 ) Tj ET Q q 0 0 0 rg BT 511.43 742.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.32 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 543.06 742.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (Q4 ) Tj ET Q q 0 0 0 rg BT 64.61 730.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.61 730.10 Td (, ) Tj ET Q q 0 0 0 rg BT 89.49 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 106.32 730.10 Td (were ) Tj ET Q q 0 0 0 rg BT 128.13 730.10 Td (within ) Tj ET Q q 0 0 0 rg BT 156.07 730.10 Td (Management's ) Tj ET Q q 0 0 0 rg BT 216.35 730.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 254.27 730.10 Td (range ) Tj ET Q q 0 0 0 rg BT 278.86 730.10 Td (from ) Tj ET Q q 0 0 0 rg BT 300.69 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 315.29 730.10 Td (Q3 ) Tj ET Q q 0 0 0 rg BT 329.90 730.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 352.28 730.10 Td (MD&A. ) Tj ET Q q 0 0 0 rg BT 388.11 730.10 Td (The ) Tj ET Q q 0 0 0 rg BT 406.04 730.10 Td (decline ) Tj ET Q q 0 0 0 rg BT 437.30 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 447.46 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 462.06 730.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 499.98 730.10 Td (has ) Tj ET Q q 0 0 0 rg BT 515.70 730.10 Td (been ) Tj ET Q q 0 0 0 rg BT 536.96 730.10 Td (driven ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (by ) Tj ET Q q 0 0 0 rg BT 62.67 718.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 88.11 718.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 109.66 718.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 147.32 718.10 Td (from ) Tj ET Q q 0 0 0 rg BT 169.43 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 184.32 718.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 231.57 718.10 Td (transition ) Tj ET Q q 0 0 0 rg BT 272.01 718.10 Td (away ) Tj ET Q q 0 0 0 rg BT 295.78 718.10 Td (from ) Tj ET Q q 0 0 0 rg BT 317.89 718.10 Td (its ) Tj ET Q q 0 0 0 rg BT 330.00 718.10 Td (content ) Tj ET Q q 0 0 0 rg BT 362.11 718.10 Td (supply ) Tj ET Q q 0 0 0 rg BT 391.45 718.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 435.76 718.10 Td (with ) Tj ET Q q 0 0 0 rg BT 456.21 718.10 Td (Disney ) Tj ET Q q 0 0 0 rg BT 487.21 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 504.31 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 519.20 718.10 Td (rebranding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (strategy ) Tj ET Q q 0 0 0 rg BT 83.75 706.10 Td (launched ) Tj ET Q q 0 0 0 rg BT 121.94 706.10 Td (in ) Tj ET Q q 0 0 0 rg BT 131.81 706.10 Td (early ) Tj ET Q q 0 0 0 rg BT 153.89 706.10 Td (2015. ) Tj ET Q q 0 0 0 rg BT 178.02 706.10 Td (Approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.66 706.10 Td (91%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.99 706.10 Td ( ) Tj ET Q q 0 0 0 rg BT 261.09 706.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.51 706.10 Td ($14.45 ) Tj ET Q q 0 0 0 rg BT 301.10 706.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.00 706.10 Td ( ) Tj ET Q q 0 0 0 rg BT 332.09 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 342.52 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 356.83 706.10 Td (television ) Tj ET Q q 0 0 0 rg BT 397.80 706.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 435.44 706.10 Td (were ) Tj ET Q q 0 0 0 rg BT 456.96 706.10 Td (subscriber ) Tj ET Q q 0 0 0 rg BT 500.15 706.10 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 540.28 706.10 Td (while ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (advertising, ) Tj ET Q q 0 0 0 rg BT 100.55 694.10 Td (promotion, ) Tj ET Q q 0 0 0 rg BT 148.34 694.10 Td (and ) Tj ET Q q 0 0 0 rg BT 166.40 694.10 Td (digital ) Tj ET Q q 0 0 0 rg BT 195.57 694.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 234.72 694.10 Td (accounted ) Tj ET Q q 0 0 0 rg BT 278.88 694.10 Td (for ) Tj ET Q q 0 0 0 rg BT 294.16 694.10 Td (a ) Tj ET Q q 0 0 0 rg BT 302.21 694.10 Td (combined ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.27 694.10 Td (9%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.60 694.10 Td ( ) Tj ET Q q 0 0 0 rg BT 362.22 694.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.17 694.10 Td ($1.35 ) Tj ET Q q 0 0 0 rg BT 400.29 694.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.18 694.10 Td ( ) Tj ET Q q 0 0 0 rg BT 432.80 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 444.75 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 460.58 694.10 Td (total ) Tj ET Q q 0 0 0 rg BT 481.98 694.10 Td (television ) Tj ET Q q 0 0 0 rg BT 524.48 694.10 Td (revenues. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (Advertising ) Tj ET Q q 0 0 0 rg BT 99.72 682.10 Td (and ) Tj ET Q q 0 0 0 rg BT 116.66 682.10 Td (promotion ) Tj ET Q q 0 0 0 rg BT 160.82 682.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 198.86 682.10 Td (typically ) Tj ET Q q 0 0 0 rg BT 236.35 682.10 Td (peak ) Tj ET Q q 0 0 0 rg BT 257.72 682.10 Td (during ) Tj ET Q q 0 0 0 rg BT 286.33 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 301.05 682.10 Td (holiday ) Tj ET Q q 0 0 0 rg BT 333.54 682.10 Td (season, ) Tj ET Q q 0 0 0 rg BT 365.21 682.10 Td (and ) Tj ET Q q 0 0 0 rg BT 382.14 682.10 Td (are ) Tj ET Q q 0 0 0 rg BT 396.85 682.10 Td (seasonally ) Tj ET Q q 0 0 0 rg BT 441.01 682.10 Td (low ) Tj ET Q q 0 0 0 rg BT 458.51 682.10 Td (in ) Tj ET Q q 0 0 0 rg BT 468.78 682.10 Td (Q4.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 68.00 664.10 Td (M&L-r) Tj ET Q q 0 0 0 rg BT 96.52 664.10 Td (epr) Tj ET Q q 0 0 0 rg BT 109.48 664.10 Td (esented ) Tj ET Q q 0 0 0 rg BT 143.23 664.10 Td (r) Tj ET Q q 0 0 0 rg BT 146.75 664.10 Td (evenues: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.50 664.10 Td (For ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.16 664.10 Td (Q4 ) Tj ET Q q 0 0 0 rg BT 219.15 664.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.15 664.10 Td (, ) Tj ET Q q 0 0 0 rg BT 245.42 664.10 Td (M&L-represented ) Tj ET Q q 0 0 0 rg BT 321.38 664.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 360.69 664.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.89 664.10 Td (up) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.89 664.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.66 664.10 Td ($2.74 ) Tj ET Q q 0 0 0 rg BT 423.93 664.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.82 664.10 Td (, ) Tj ET Q q 0 0 0 rg BT 459.09 664.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.19 664.10 Td (57%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.52 664.10 Td (, ) Tj ET Q q 0 0 0 rg BT 495.79 664.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.34 664.10 Td ($7.52 ) Tj ET Q q 0 0 0 rg BT 533.61 664.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 91.55 652.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.46 652.10 Td (Q4 ) Tj ET Q q 0 0 0 rg BT 115.81 652.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.81 652.10 Td ( ) Tj ET Q q 0 0 0 rg BT 137.95 652.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.29 652.10 Td ($4.78 ) Tj ET Q q 0 0 0 rg BT 171.92 652.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.81 652.10 Td (, ) Tj ET Q q 0 0 0 rg BT 205.44 652.10 Td (and ) Tj ET Q q 0 0 0 rg BT 222.01 652.10 Td (were ) Tj ET Q q 0 0 0 rg BT 243.57 652.10 Td (at ) Tj ET Q q 0 0 0 rg BT 252.92 652.10 Td (the ) Tj ET Q q 0 0 0 rg BT 267.27 652.10 Td (high ) Tj ET Q q 0 0 0 rg BT 287.18 652.10 Td (end ) Tj ET Q q 0 0 0 rg BT 303.74 652.10 Td (of ) Tj ET Q q 0 0 0 rg BT 314.21 652.10 Td (Management's ) Tj ET Q q 0 0 0 rg BT 374.23 652.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 418.58 652.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 454.02 652.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 492.25 652.10 Td (from ) Tj ET Q q 0 0 0 rg BT 513.82 652.10 Td (the ) Tj ET Q q 0 0 0 rg BT 528.16 652.10 Td (Q3 ) Tj ET Q q 0 0 0 rg BT 542.52 652.10 Td (2016 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.10 Td (MD&A, ) Tj ET Q q 0 0 0 rg BT 85.53 640.10 Td (driven ) Tj ET Q q 0 0 0 rg BT 113.00 640.10 Td (mainly ) Tj ET Q q 0 0 0 rg BT 142.69 640.10 Td (by ) Tj ET Q q 0 0 0 rg BT 154.61 640.10 Td (the ) Tj ET Q q 0 0 0 rg BT 168.74 640.10 Td (strong ) Tj ET Q q 0 0 0 rg BT 195.66 640.10 Td (over) Tj ET Q q 0 0 0 rg BT 213.23 640.10 Td (-performance ) Tj ET Q q 0 0 0 rg BT 269.00 640.10 Td (of ) Tj ET Q q 0 0 0 rg BT 279.25 640.10 Td (our ) Tj ET Q q 0 0 0 rg BT 294.49 640.10 Td (represented ) Tj ET Q q 0 0 0 rg BT 342.50 640.10 Td (brands ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 371.07 640.10 Td (Despicable ) Tj ET Q q 0 0 0 rg BT 417.98 640.10 Td (Me) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.75 640.10 Td ( ) Tj ET Q q 0 0 0 rg BT 432.66 640.10 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 449.02 640.10 Td (Minions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.72 640.10 Td (in ) Tj ET Q q 0 0 0 rg BT 493.41 640.10 Td (several ) Tj ET Q q 0 0 0 rg BT 523.65 640.10 Td (territories ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.10 Td (but ) Tj ET Q q 0 0 0 rg BT 65.28 628.10 Td (also ) Tj ET Q q 0 0 0 rg BT 83.89 628.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 128.60 628.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 159.43 628.10 Td (in ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 169.71 628.10 Td (Sesame ) Tj ET Q q 0 0 0 rg BT 202.20 628.10 Td (Str) Tj ET Q q 0 0 0 rg BT 213.50 628.10 Td (eet) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.15 628.10 Td (, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 230.15 628.10 Td (Dora ) Tj ET Q q 0 0 0 rg BT 253.76 628.10 Td (the ) Tj ET Q q 0 0 0 rg BT 268.48 628.10 Td (Explor) Tj ET Q q 0 0 0 rg BT 295.33 628.10 Td (er) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.66 628.10 Td (, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 308.66 628.10 Td (The ) Tj ET Q q 0 0 0 rg BT 326.16 628.10 Td (Pink ) Tj ET Q q 0 0 0 rg BT 346.98 628.10 Td (Panther) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.20 628.10 Td (, ) Tj ET Q q 0 0 0 rg BT 384.20 628.10 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 401.14 628.10 Td (Jurassic ) Tj ET Q q 0 0 0 rg BT 436.97 628.10 Td (W) Tj ET Q q 0 0 0 rg BT 444.38 628.10 Td (orld) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.05 628.10 Td (. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (Gross ) Tj ET Q q 0 0 0 rg BT 76.40 610.10 Td (Margin) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 107.52 610.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 592.10 Td (Gross ) Tj ET Q q 0 0 0 rg BT 93.99 592.10 Td (mar) Tj ET Q q 0 0 0 rg BT 109.36 592.10 Td (gin ) Tj ET Q q 0 0 0 rg BT 124.79 592.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.11 592.10 Td (Q4 ) Tj ET Q q 0 0 0 rg BT 153.98 592.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.98 592.10 Td ( ) Tj ET Q q 0 0 0 rg BT 176.64 592.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.84 592.10 Td ($43.97 ) Tj ET Q q 0 0 0 rg BT 225.00 592.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.89 592.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.05 592.10 Td (an ) Tj ET Q q 0 0 0 rg BT 271.14 592.10 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.89 592.10 Td ( ) Tj ET Q q 0 0 0 rg BT 306.55 592.10 Td (in ) Tj ET Q q 0 0 0 rg BT 316.98 592.10 Td (absolute ) Tj ET Q q 0 0 0 rg BT 352.96 592.10 Td (dollars ) Tj ET Q q 0 0 0 rg BT 382.84 592.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.82 592.10 Td ($6.30 ) Tj ET Q q 0 0 0 rg BT 418.98 592.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.87 592.10 Td ( ) Tj ET Q q 0 0 0 rg BT 450.52 592.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.51 592.10 Td (17%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.84 592.10 Td ( ) Tj ET Q q 0 0 0 rg BT 482.49 592.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 524.57 592.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.01 592.10 Td ($37.67 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 580.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 580.10 Td ( ) Tj ET Q q 0 0 0 rg BT 80.86 580.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.50 580.10 Td (Q4 ) Tj ET Q q 0 0 0 rg BT 108.69 580.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.69 580.10 Td (. ) Tj ET Q q 0 0 0 rg BT 133.02 580.10 Td (The ) Tj ET Q q 0 0 0 rg BT 150.54 580.10 Td (overall ) Tj ET Q q 0 0 0 rg BT 180.28 580.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 203.36 580.10 Td (mar) Tj ET Q q 0 0 0 rg BT 218.73 580.10 Td (gin ) Tj ET Q q 0 0 0 rg BT 233.48 580.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.11 580.10 Td (Q4 ) Tj ET Q q 0 0 0 rg BT 261.31 580.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.31 580.10 Td ( ) Tj ET Q q 0 0 0 rg BT 283.28 580.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.47 580.10 Td (58%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.80 580.10 Td ( ) Tj ET Q q 0 0 0 rg BT 312.77 580.10 Td (of ) Tj ET Q q 0 0 0 rg BT 323.08 580.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 356.69 580.10 Td (was ) Tj ET Q q 0 0 0 rg BT 374.22 580.10 Td (below ) Tj ET Q q 0 0 0 rg BT 400.63 580.10 Td (the ) Tj ET Q q 0 0 0 rg BT 414.82 580.10 Td (mid-point ) Tj ET Q q 0 0 0 rg BT 456.23 580.10 Td (of ) Tj ET Q q 0 0 0 rg BT 466.54 580.10 Td (Management's ) Tj ET Q q 0 0 0 rg BT 526.41 580.10 Td (quarterly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 568.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 88.26 568.10 Td (as ) Tj ET Q q 0 0 0 rg BT 98.75 568.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 134.23 568.10 Td (in ) Tj ET Q q 0 0 0 rg BT 144.18 568.10 Td (the ) Tj ET Q q 0 0 0 rg BT 158.56 568.10 Td (Q3 ) Tj ET Q q 0 0 0 rg BT 172.94 568.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 195.11 568.10 Td (MD&A. ) Tj ET Q q 0 0 0 rg BT 230.89 568.10 Td (Gross ) Tj ET Q q 0 0 0 rg BT 256.39 568.10 Td (mar) Tj ET Q q 0 0 0 rg BT 271.75 568.10 Td (gins ) Tj ET Q q 0 0 0 rg BT 290.59 568.10 Td (were ) Tj ET Q q 0 0 0 rg BT 312.18 568.10 Td (impacted ) Tj ET Q q 0 0 0 rg BT 350.99 568.10 Td (by ) Tj ET Q q 0 0 0 rg BT 363.16 568.10 Td (strong ) Tj ET Q q 0 0 0 rg BT 390.32 568.10 Td (mar) Tj ET Q q 0 0 0 rg BT 405.69 568.10 Td (gins ) Tj ET Q q 0 0 0 rg BT 424.52 568.10 Td (for ) Tj ET Q q 0 0 0 rg BT 438.35 568.10 Td (DHX ) Tj ET Q q 0 0 0 rg BT 462.02 568.10 Td (T) Tj ET Q q 0 0 0 rg BT 467.43 568.10 Td (elevision, ) Tj ET Q q 0 0 0 rg BT 508.20 568.10 Td (which ) Tj ET Q q 0 0 0 rg BT 534.80 568.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.18 568.10 Td (76%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 556.10 Td (was ) Tj ET Q q 0 0 0 rg BT 68.19 556.10 Td (above ) Tj ET Q q 0 0 0 rg BT 94.70 556.10 Td (the ) Tj ET Q q 0 0 0 rg BT 109.55 556.10 Td (high ) Tj ET Q q 0 0 0 rg BT 129.97 556.10 Td (end ) Tj ET Q q 0 0 0 rg BT 147.04 556.10 Td (of ) Tj ET Q q 0 0 0 rg BT 158.01 556.10 Td (Management's ) Tj ET Q q 0 0 0 rg BT 218.54 556.10 Td (expectations, ) Tj ET Q q 0 0 0 rg BT 273.65 556.10 Td (and ) Tj ET Q q 0 0 0 rg BT 290.73 556.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 318.91 556.10 Td (than ) Tj ET Q q 0 0 0 rg BT 338.76 556.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 376.93 556.10 Td (absolute ) Tj ET Q q 0 0 0 rg BT 412.89 556.10 Td (dollar ) Tj ET Q q 0 0 0 rg BT 438.85 556.10 Td (mar) Tj ET Q q 0 0 0 rg BT 454.22 556.10 Td (gins ) Tj ET Q q 0 0 0 rg BT 473.53 556.10 Td (for ) Tj ET Q q 0 0 0 rg BT 487.82 556.10 Td (M&L-represented, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.10 Td (of) Tj ET Q q 0 0 0 rg BT 58.15 544.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 75.17 544.10 Td (by ) Tj ET Q q 0 0 0 rg BT 87.74 544.10 Td (weaker ) Tj ET Q q 0 0 0 rg BT 119.19 544.10 Td (than ) Tj ET Q q 0 0 0 rg BT 138.98 544.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 177.09 544.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 200.79 544.10 Td (mar) Tj ET Q q 0 0 0 rg BT 216.15 544.10 Td (gins ) Tj ET Q q 0 0 0 rg BT 235.40 544.10 Td (for ) Tj ET Q q 0 0 0 rg BT 249.64 544.10 Td (M&L-owned ) Tj ET Q q 0 0 0 rg BT 304.99 544.10 Td (\(a ) Tj ET Q q 0 0 0 rg BT 315.33 544.10 Td (result ) Tj ET Q q 0 0 0 rg BT 340.13 544.10 Td (of ) Tj ET Q q 0 0 0 rg BT 351.04 544.10 Td (having ) Tj ET Q q 0 0 0 rg BT 380.83 544.10 Td (a ) Tj ET Q q 0 0 0 rg BT 387.85 544.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 415.97 544.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 461.85 544.10 Td (of ) Tj ET Q q 0 0 0 rg BT 472.76 544.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 498.11 544.10 Td (mar) Tj ET Q q 0 0 0 rg BT 513.47 544.10 Td (gin ) Tj ET Q q 0 0 0 rg BT 528.83 544.10 Td (live ) Tj ET Q q 0 0 0 rg BT 546.40 544.10 Td (tour ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.10 Td (revenues\), ) Tj ET Q q 0 0 0 rg BT 93.78 532.10 Td (and ) Tj ET Q q 0 0 0 rg BT 110.63 532.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 135.81 532.10 Td (than ) Tj ET Q q 0 0 0 rg BT 155.44 532.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 193.38 532.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 239.09 532.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 262.62 532.10 Td (mar) Tj ET Q q 0 0 0 rg BT 277.98 532.10 Td (gins ) Tj ET Q q 0 0 0 rg BT 297.06 532.10 Td (for ) Tj ET Q q 0 0 0 rg BT 311.13 532.10 Td (distribution. ) Tj ET Q q 0 0 0 rg BT 362.16 532.10 Td (Proprietary ) Tj ET Q q 0 0 0 rg BT 409.55 532.10 Td (production ) Tj ET Q q 0 0 0 rg BT 455.29 532.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 478.82 532.10 Td (mar) Tj ET Q q 0 0 0 rg BT 494.18 532.10 Td (gins ) Tj ET Q q 0 0 0 rg BT 513.26 532.10 Td (were ) Tj ET Q q 0 0 0 rg BT 535.10 532.10 Td (high ) Tj ET Q q 0 0 0 rg BT 555.29 532.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.10 Td (51%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.33 520.10 Td ( ) Tj ET Q q 0 0 0 rg BT 70.74 520.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.81 520.10 Td (Q4 ) Tj ET Q q 0 0 0 rg BT 99.44 520.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 119.44 520.10 Td (, ) Tj ET Q q 0 0 0 rg BT 124.35 520.10 Td (while ) Tj ET Q q 0 0 0 rg BT 148.98 520.10 Td (producer ) Tj ET Q q 0 0 0 rg BT 186.92 520.10 Td (and ) Tj ET Q q 0 0 0 rg BT 203.77 520.10 Td (service ) Tj ET Q q 0 0 0 rg BT 234.50 520.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 249.11 520.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 272.64 520.10 Td (mar) Tj ET Q q 0 0 0 rg BT 288.00 520.10 Td (gins ) Tj ET Q q 0 0 0 rg BT 307.08 520.10 Td (were ) Tj ET Q q 0 0 0 rg BT 328.92 520.10 Td (low ) Tj ET Q q 0 0 0 rg BT 346.33 520.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.96 520.10 Td (19%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.29 520.10 Td (, ) Tj ET Q q 0 0 0 rg BT 379.20 520.10 Td (both ) Tj ET Q q 0 0 0 rg BT 399.38 520.10 Td (the ) Tj ET Q q 0 0 0 rg BT 414.01 520.10 Td (result ) Tj ET Q q 0 0 0 rg BT 438.64 520.10 Td (of ) Tj ET Q q 0 0 0 rg BT 449.38 520.10 Td (adjusting ) Tj ET Q q 0 0 0 rg BT 488.45 520.10 Td (a ) Tj ET Q q 0 0 0 rg BT 495.30 520.10 Td (misclassification ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 508.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.74 508.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 83.14 508.10 Td (from ) Tj ET Q q 0 0 0 rg BT 104.99 508.10 Td (earlier ) Tj ET Q q 0 0 0 rg BT 132.93 508.10 Td (in ) Tj ET Q q 0 0 0 rg BT 143.11 508.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 169.40 508.10 Td (2016. ) Tj ET Q q 0 0 0 rg BT 194.31 508.10 Td (Gross ) Tj ET Q q 0 0 0 rg BT 220.05 508.10 Td (mar) Tj ET Q q 0 0 0 rg BT 235.42 508.10 Td (gin ) Tj ET Q q 0 0 0 rg BT 250.60 508.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.67 508.10 Td (Q4 ) Tj ET Q q 0 0 0 rg BT 279.30 508.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.30 508.10 Td (, ) Tj ET Q q 0 0 0 rg BT 304.20 508.10 Td (including ) Tj ET Q q 0 0 0 rg BT 344.38 508.10 Td (DHX ) Tj ET Q q 0 0 0 rg BT 368.28 508.10 Td (T) Tj ET Q q 0 0 0 rg BT 373.69 508.10 Td (elevision, ) Tj ET Q q 0 0 0 rg BT 414.70 508.10 Td (was ) Tj ET Q q 0 0 0 rg BT 432.66 508.10 Td (calculated ) Tj ET Q q 0 0 0 rg BT 475.59 508.10 Td (as ) Tj ET Q q 0 0 0 rg BT 486.33 508.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 524.27 508.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.01 508.10 Td ($75.33 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 496.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 496.10 Td (, ) Tj ET Q q 0 0 0 rg BT 83.59 496.10 Td (less ) Tj ET Q q 0 0 0 rg BT 100.79 496.10 Td (direct ) Tj ET Q q 0 0 0 rg BT 125.75 496.10 Td (production ) Tj ET Q q 0 0 0 rg BT 171.28 496.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 193.47 496.10 Td (and ) Tj ET Q q 0 0 0 rg BT 210.11 496.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 244.52 496.10 Td (of ) Tj ET Q q 0 0 0 rg BT 255.05 496.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 301.13 496.10 Td (in ) Tj ET Q q 0 0 0 rg BT 311.10 496.10 Td (film ) Tj ET Q q 0 0 0 rg BT 329.97 496.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.50 496.10 Td ($30.40 ) Tj ET Q q 0 0 0 rg BT 370.19 496.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.09 496.10 Td ( ) Tj ET Q q 0 0 0 rg BT 401.29 496.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.92 496.10 Td ($0.97 ) Tj ET Q q 0 0 0 rg BT 442.62 496.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.51 496.10 Td ( ) Tj ET Q q 0 0 0 rg BT 473.71 496.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 508.12 496.10 Td (of ) Tj ET Q q 0 0 0 rg BT 518.65 496.10 Td (book ) Tj ET Q q 0 0 0 rg BT 540.84 496.10 Td (value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 484.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.83 484.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 97.75 484.10 Td (libraries, ) Tj ET Q q 0 0 0 rg BT 135.52 484.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.85 484.10 Td (Q4 ) Tj ET Q q 0 0 0 rg BT 153.57 484.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.57 484.10 Td (-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.90 484.10 Td ($71.17 ) Tj ET Q q 0 0 0 rg BT 206.90 484.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.79 484.10 Td ( ) Tj ET Q q 0 0 0 rg BT 238.29 484.10 Td (less ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.79 484.10 Td ($33.35 ) Tj ET Q q 0 0 0 rg BT 285.79 484.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.68 484.10 Td ( ) Tj ET Q q 0 0 0 rg BT 317.18 484.10 Td (and ) Tj ET Q q 0 0 0 rg BT 334.12 484.10 Td (less ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.62 484.10 Td ($0.16 ) Tj ET Q q 0 0 0 rg BT 376.62 484.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.51 484.10 Td (, ) Tj ET Q q 0 0 0 rg BT 410.51 484.10 Td (respectively\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 466.10 Td (For ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 83.63 466.10 Td (Q4 ) Tj ET Q q 0 0 0 rg BT 97.59 466.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.59 466.10 Td (, ) Tj ET Q q 0 0 0 rg BT 121.83 466.10 Td (the ) Tj ET Q q 0 0 0 rg BT 135.78 466.10 Td (mar) Tj ET Q q 0 0 0 rg BT 151.15 466.10 Td (gins ) Tj ET Q q 0 0 0 rg BT 169.56 466.10 Td (for ) Tj ET Q q 0 0 0 rg BT 182.96 466.10 Td (each ) Tj ET Q q 0 0 0 rg BT 203.01 466.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 236.39 466.10 Td (category ) Tj ET Q q 0 0 0 rg BT 272.56 466.10 Td (in ) Tj ET Q q 0 0 0 rg BT 282.07 466.10 Td (absolute ) Tj ET Q q 0 0 0 rg BT 317.14 466.10 Td (dollars ) Tj ET Q q 0 0 0 rg BT 346.09 466.10 Td (and ) Tj ET Q q 0 0 0 rg BT 362.27 466.10 Td (as ) Tj ET Q q 0 0 0 rg BT 372.34 466.10 Td (a ) Tj ET Q q 0 0 0 rg BT 378.51 466.10 Td (mar) Tj ET Q q 0 0 0 rg BT 393.88 466.10 Td (gin ) Tj ET Q q 0 0 0 rg BT 408.40 466.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 453.43 466.10 Td (were ) Tj ET Q q 0 0 0 rg BT 474.60 466.10 Td (as ) Tj ET Q q 0 0 0 rg BT 484.67 466.10 Td (follows: ) Tj ET Q q 0 0 0 rg BT 519.19 466.10 Td (production ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 83.38 454.10 Td (mar) Tj ET Q q 0 0 0 rg BT 98.75 454.10 Td (gin ) Tj ET Q q 0 0 0 rg BT 113.26 454.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.32 454.10 Td ($3.26 ) Tj ET Q q 0 0 0 rg BT 147.56 454.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.45 454.10 Td ( ) Tj ET Q q 0 0 0 rg BT 178.19 454.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 188.25 454.10 Td (51%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.58 454.10 Td (, ) Tj ET Q q 0 0 0 rg BT 210.82 454.10 Td (net ) Tj ET Q q 0 0 0 rg BT 224.77 454.10 Td (producer ) Tj ET Q q 0 0 0 rg BT 262.04 454.10 Td (and ) Tj ET Q q 0 0 0 rg BT 278.21 454.10 Td (service ) Tj ET Q q 0 0 0 rg BT 308.26 454.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 322.21 454.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 355.59 454.10 Td (mar) Tj ET Q q 0 0 0 rg BT 370.95 454.10 Td (gin ) Tj ET Q q 0 0 0 rg BT 385.46 454.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.53 454.10 Td ($1.74 ) Tj ET Q q 0 0 0 rg BT 419.76 454.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.66 454.10 Td ( ) Tj ET Q q 0 0 0 rg BT 450.39 454.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.46 454.10 Td (19%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.79 454.10 Td (, ) Tj ET Q q 0 0 0 rg BT 483.02 454.10 Td (distribution ) Tj ET Q q 0 0 0 rg BT 530.87 454.10 Td (revenue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (mar) Tj ET Q q 0 0 0 rg BT 65.37 442.10 Td (gin ) Tj ET Q q 0 0 0 rg BT 80.60 442.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.39 442.10 Td ($16.58 ) Tj ET Q q 0 0 0 rg BT 121.35 442.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.25 442.10 Td ( ) Tj ET Q q 0 0 0 rg BT 152.71 442.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.50 442.10 Td (55%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.83 442.10 Td ( ) Tj ET Q q 0 0 0 rg BT 184.29 442.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.62 442.10 Td ($12.62 ) Tj ET Q q 0 0 0 rg BT 217.58 442.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.47 442.10 Td ( ) Tj ET Q q 0 0 0 rg BT 248.93 442.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.72 442.10 Td (42%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.05 442.10 Td ( ) Tj ET Q q 0 0 0 rg BT 280.51 442.10 Td (when ) Tj ET Q q 0 0 0 rg BT 304.63 442.10 Td (the ) Tj ET Q q 0 0 0 rg BT 319.30 442.10 Td (remaining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.31 442.10 Td ($3.97 ) Tj ET Q q 0 0 0 rg BT 387.27 442.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.16 442.10 Td ( ) Tj ET Q q 0 0 0 rg BT 418.62 442.10 Td (for ) Tj ET Q q 0 0 0 rg BT 432.74 442.10 Td (the ) Tj ET Q q 0 0 0 rg BT 447.42 442.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 482.08 442.10 Td (of ) Tj ET Q q 0 0 0 rg BT 492.87 442.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 529.76 442.10 Td (libraries ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (below ) Tj ET Q q 0 0 0 rg BT 76.66 430.10 Td (the ) Tj ET Q q 0 0 0 rg BT 91.09 430.10 Td (line ) Tj ET Q q 0 0 0 rg BT 108.30 430.10 Td (is ) Tj ET Q q 0 0 0 rg BT 117.19 430.10 Td (removed\), ) Tj ET Q q 0 0 0 rg BT 160.22 430.10 Td (television ) Tj ET Q q 0 0 0 rg BT 201.32 430.10 Td (mar) Tj ET Q q 0 0 0 rg BT 216.68 430.10 Td (gin ) Tj ET Q q 0 0 0 rg BT 231.68 430.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.45 430.10 Td ($12.02 ) Tj ET Q q 0 0 0 rg BT 279.17 430.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.06 430.10 Td ( ) Tj ET Q q 0 0 0 rg BT 310.27 430.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.82 430.10 Td (76%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.15 430.10 Td (, ) Tj ET Q q 0 0 0 rg BT 343.87 430.10 Td (M&L-owned ) Tj ET Q q 0 0 0 rg BT 398.85 430.10 Td (mar) Tj ET Q q 0 0 0 rg BT 414.22 430.10 Td (gin ) Tj ET Q q 0 0 0 rg BT 429.21 430.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.98 430.10 Td ($2.59 ) Tj ET Q q 0 0 0 rg BT 471.70 430.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.59 430.10 Td ( ) Tj ET Q q 0 0 0 rg BT 502.81 430.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.35 430.10 Td (47%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.68 430.10 Td (, ) Tj ET Q q 0 0 0 rg BT 536.40 430.10 Td (M&L-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (represented ) Tj ET Q q 0 0 0 rg BT 98.58 418.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 132.73 418.10 Td (mar) Tj ET Q q 0 0 0 rg BT 148.10 418.10 Td (gin ) Tj ET Q q 0 0 0 rg BT 163.37 418.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.43 418.10 Td ($7.52 ) Tj ET Q q 0 0 0 rg BT 206.43 418.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.32 418.10 Td ( ) Tj ET Q q 0 0 0 rg BT 237.82 418.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.65 418.10 Td (100%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.98 418.10 Td (, ) Tj ET Q q 0 0 0 rg BT 276.98 418.10 Td (and ) Tj ET Q q 0 0 0 rg BT 293.92 418.10 Td (new ) Tj ET Q q 0 0 0 rg BT 313.08 418.10 Td (media ) Tj ET Q q 0 0 0 rg BT 340.01 418.10 Td (mar) Tj ET Q q 0 0 0 rg BT 355.38 418.10 Td (gin ) Tj ET Q q 0 0 0 rg BT 370.65 418.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.48 418.10 Td ($0.26 ) Tj ET Q q 0 0 0 rg BT 406.48 418.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.38 418.10 Td ( ) Tj ET Q q 0 0 0 rg BT 437.88 418.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.71 418.10 Td (26%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.04 418.10 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 400.10 Td (Operating ) Tj ET Q q 0 0 0 rg BT 94.17 400.10 Td (Expenses ) Tj ET Q q 0 0 0 rg BT 135.56 400.10 Td (\(Income\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (SG&A) Tj ET Q q 0 0 0 rg BT 75.93 382.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 364.10 Td (SG&A) Tj ET Q q 0 0 0 rg BT 95.23 364.10 Td ( ) Tj ET Q q 0 0 0 rg BT 97.73 364.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 120.23 364.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.40 364.10 Td (Q4 ) Tj ET Q q 0 0 0 rg BT 149.12 364.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.12 364.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.62 364.10 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.37 364.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.88 364.10 Td (29%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.21 364.10 Td ( ) Tj ET Q q 0 0 0 rg BT 232.71 364.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.99 364.10 Td ($20.69 ) Tj ET Q q 0 0 0 rg BT 272.99 364.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.88 364.10 Td ( ) Tj ET Q q 0 0 0 rg BT 304.38 364.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 346.31 364.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.59 364.10 Td ($16.03 ) Tj ET Q q 0 0 0 rg BT 386.59 364.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.48 364.10 Td ( ) Tj ET Q q 0 0 0 rg BT 417.98 364.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.14 364.10 Td (Q4 ) Tj ET Q q 0 0 0 rg BT 446.87 364.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.87 364.10 Td (. ) Tj ET Q q 0 0 0 rg BT 471.69 364.10 Td (The ) Tj ET Q q 0 0 0 rg BT 489.73 364.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 524.99 364.10 Td (in ) Tj ET Q q 0 0 0 rg BT 535.27 364.10 Td (SG&A) Tj ET Q q 0 0 0 rg BT 562.50 364.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 352.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 72.97 352.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 83.72 352.10 Td (Q4 ) Tj ET Q q 0 0 0 rg BT 98.91 352.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.91 352.10 Td ( ) Tj ET Q q 0 0 0 rg BT 121.88 352.10 Td (is ) Tj ET Q q 0 0 0 rg BT 131.53 352.10 Td (attributable ) Tj ET Q q 0 0 0 rg BT 180.03 352.10 Td (to ) Tj ET Q q 0 0 0 rg BT 190.78 352.10 Td (a ) Tj ET Q q 0 0 0 rg BT 198.19 352.10 Td (number ) Tj ET Q q 0 0 0 rg BT 231.71 352.10 Td (of ) Tj ET Q q 0 0 0 rg BT 243.01 352.10 Td (factors, ) Tj ET Q q 0 0 0 rg BT 275.69 352.10 Td (including ) Tj ET Q q 0 0 0 rg BT 316.44 352.10 Td (the ) Tj ET Q q 0 0 0 rg BT 331.62 352.10 Td (continued ) Tj ET Q q 0 0 0 rg BT 374.03 352.10 Td (ramp-up ) Tj ET Q q 0 0 0 rg BT 410.88 352.10 Td (of ) Tj ET Q q 0 0 0 rg BT 421.96 352.10 Td (W) Tj ET Q q 0 0 0 rg BT 431.00 352.10 Td (ildbrain, ) Tj ET Q q 0 0 0 rg BT 467.58 352.10 Td (the ) Tj ET Q q 0 0 0 rg BT 482.76 352.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 530.31 352.10 Td (recently ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 340.10 Td (announced ) Tj ET Q q 0 0 0 rg BT 96.64 340.10 Td (Multi-Platform ) Tj ET Q q 0 0 0 rg BT 160.51 340.10 Td (Kids' ) Tj ET Q q 0 0 0 rg BT 184.53 340.10 Td (Network, ) Tj ET Q q 0 0 0 rg BT 225.34 340.10 Td (a ) Tj ET Q q 0 0 0 rg BT 233.10 340.10 Td (decision ) Tj ET Q q 0 0 0 rg BT 269.75 340.10 Td (to ) Tj ET Q q 0 0 0 rg BT 280.85 340.10 Td (undertake ) Tj ET Q q 0 0 0 rg BT 323.59 340.10 Td (an ) Tj ET Q q 0 0 0 rg BT 336.35 340.10 Td (aggressive ) Tj ET Q q 0 0 0 rg BT 381.88 340.10 Td (marketing ) Tj ET Q q 0 0 0 rg BT 425.74 340.10 Td (campaign ) Tj ET Q q 0 0 0 rg BT 467.94 340.10 Td (for ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 482.92 340.10 Td (T) Tj ET Q q 0 0 0 rg BT 487.56 340.10 Td (eletubbies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.10 340.10 Td (, ) Tj ET Q q 0 0 0 rg BT 533.93 340.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 554.19 340.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 328.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 96.82 328.10 Td (noted, ) Tj ET Q q 0 0 0 rg BT 126.15 328.10 Td (M&L) Tj ET Q q 0 0 0 rg BT 148.56 328.10 Td ( ) Tj ET Q q 0 0 0 rg BT 153.16 328.10 Td (represented ) Tj ET Q q 0 0 0 rg BT 203.86 328.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 244.00 328.10 Td (have ) Tj ET Q q 0 0 0 rg BT 267.49 328.10 Td (grown ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.65 328.10 Td (100%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.98 328.10 Td ( ) Tj ET Q q 0 0 0 rg BT 325.58 328.10 Td (in ) Tj ET Q q 0 0 0 rg BT 337.97 328.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 366.46 328.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 393.57 328.10 Td (triggering ) Tj ET Q q 0 0 0 rg BT 437.61 328.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 467.77 328.10 Td (than ) Tj ET Q q 0 0 0 rg BT 489.59 328.10 Td (forecast ) Tj ET Q q 0 0 0 rg BT 525.85 328.10 Td (incentive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 316.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 108.32 316.10 Td (within ) Tj ET Q q 0 0 0 rg BT 136.66 316.10 Td (the ) Tj ET Q q 0 0 0 rg BT 151.66 316.10 Td (Company) Tj ET Q q 0 0 0 rg BT 193.32 316.10 Td (s ) Tj ET Q q 0 0 0 rg BT 200.00 316.10 Td (CPLG ) Tj ET Q q 0 0 0 rg BT 228.34 316.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 268.88 316.10 Td (unit. ) Tj ET Q q 0 0 0 rg BT 289.72 316.10 Td (SG&A) Tj ET Q q 0 0 0 rg BT 316.95 316.10 Td ( ) Tj ET Q q 0 0 0 rg BT 319.73 316.10 Td (also ) Tj ET Q q 0 0 0 rg BT 338.62 316.10 Td (includes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.73 316.10 Td ($1.55 ) Tj ET Q q 0 0 0 rg BT 400.01 316.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.90 316.10 Td ( ) Tj ET Q q 0 0 0 rg BT 431.68 316.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.01 316.10 Td (Q4 ) Tj ET Q q 0 0 0 rg BT 450.01 316.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.01 316.10 Td (-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.34 316.10 Td ($1.17 ) Tj ET Q q 0 0 0 rg BT 498.62 316.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.51 316.10 Td (\) ) Tj ET Q q 0 0 0 rg BT 533.63 316.10 Td (in ) Tj ET Q q 0 0 0 rg BT 544.18 316.10 Td (non-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 304.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 71.51 304.10 Td (share-based ) Tj ET Q q 0 0 0 rg BT 122.44 304.10 Td (compensation. ) Tj ET Q q 0 0 0 rg BT 183.96 304.10 Td (When ) Tj ET Q q 0 0 0 rg BT 211.57 304.10 Td (adjusted, ) Tj ET Q q 0 0 0 rg BT 251.14 304.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 272.64 304.10 Td (SG&A) Tj ET Q q 0 0 0 rg BT 299.88 304.10 Td ( ) Tj ET Q q 0 0 0 rg BT 303.61 304.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.57 304.10 Td ($19.15 ) Tj ET Q q 0 0 0 rg BT 345.81 304.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.70 304.10 Td ( ) Tj ET Q q 0 0 0 rg BT 378.44 304.10 Td (was ) Tj ET Q q 0 0 0 rg BT 397.73 304.10 Td ( ) Tj ET Q q 0 0 0 rg BT 401.47 304.10 Td (above ) Tj ET Q q 0 0 0 rg BT 429.09 304.10 Td ( ) Tj ET Q q 0 0 0 rg BT 432.83 304.10 Td (Management) Tj ET Q q 0 0 0 rg BT 487.81 304.10 Td (s ) Tj ET Q q 0 0 0 rg BT 495.44 304.10 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 535.27 304.10 Td (SG&A) Tj ET Q q 0 0 0 rg BT 562.50 304.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 292.10 Td (expectations, ) Tj ET Q q 0 0 0 rg BT 104.98 292.10 Td (as ) Tj ET Q q 0 0 0 rg BT 115.81 292.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 170.51 292.10 Td (continues, ) Tj ET Q q 0 0 0 rg BT 213.84 292.10 Td (as ) Tj ET Q q 0 0 0 rg BT 224.67 292.10 Td (noted ) Tj ET Q q 0 0 0 rg BT 249.38 292.10 Td (above, ) Tj ET Q q 0 0 0 rg BT 278.26 292.10 Td (to ) Tj ET Q q 0 0 0 rg BT 288.54 292.10 Td (pursue ) Tj ET Q q 0 0 0 rg BT 317.70 292.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 348.53 292.10 Td (opportunities.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (Amortization ) Tj ET Q q 0 0 0 rg BT 104.73 274.10 Td (and ) Tj ET Q q 0 0 0 rg BT 122.23 274.10 Td (Expense ) Tj ET Q q 0 0 0 rg BT 158.04 274.10 Td (of ) Tj ET Q q 0 0 0 rg BT 168.14 274.10 Td (Acquir) Tj ET Q q 0 0 0 rg BT 194.99 274.10 Td (ed ) Tj ET Q q 0 0 0 rg BT 206.92 274.10 Td (Libraries) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 256.10 Td (For ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.41 256.10 Td (Q4 ) Tj ET Q q 0 0 0 rg BT 99.16 256.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 119.16 256.10 Td (, ) Tj ET Q q 0 0 0 rg BT 124.18 256.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 177.24 256.10 Td (and ) Tj ET Q q 0 0 0 rg BT 194.20 256.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 228.93 256.10 Td (of ) Tj ET Q q 0 0 0 rg BT 239.78 256.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 276.73 256.10 Td (libraries ) Tj ET Q q 0 0 0 rg BT 312.01 256.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.08 256.10 Td (up) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.08 256.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.61 256.10 Td (32%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.94 256.10 Td ( ) Tj ET Q q 0 0 0 rg BT 363.46 256.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.76 256.10 Td ($7.88 ) Tj ET Q q 0 0 0 rg BT 398.78 256.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.67 256.10 Td ( ) Tj ET Q q 0 0 0 rg BT 430.19 256.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.52 256.10 Td (Q4 ) Tj ET Q q 0 0 0 rg BT 448.27 256.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.27 256.10 Td (-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.60 256.10 Td ($5.97 ) Tj ET Q q 0 0 0 rg BT 496.62 256.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.51 256.10 Td (\). ) Tj ET Q q 0 0 0 rg BT 533.86 256.10 Td (For ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.28 256.10 Td (Q4 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 244.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 244.10 Td (, ) Tj ET Q q 0 0 0 rg BT 75.19 244.10 Td (the ) Tj ET Q q 0 0 0 rg BT 90.09 244.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 124.99 244.10 Td (of ) Tj ET Q q 0 0 0 rg BT 136.01 244.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 173.12 244.10 Td (libraries ) Tj ET Q q 0 0 0 rg BT 208.57 244.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.81 244.10 Td ($3.97 ) Tj ET Q q 0 0 0 rg BT 252.00 244.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.89 244.10 Td (, ) Tj ET Q q 0 0 0 rg BT 286.08 244.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 325.98 244.10 Td (due ) Tj ET Q q 0 0 0 rg BT 343.10 244.10 Td (to ) Tj ET Q q 0 0 0 rg BT 353.57 244.10 Td (the ) Tj ET Q q 0 0 0 rg BT 368.47 244.10 Td (Cookie ) Tj ET Q q 0 0 0 rg BT 400.05 244.10 Td (Jar) Tj ET Q q 0 0 0 rg BT 411.31 244.10 Td (, ) Tj ET Q q 0 0 0 rg BT 416.50 244.10 Td (Epitome, ) Tj ET Q q 0 0 0 rg BT 455.57 244.10 Td (Ragdoll, ) Tj ET Q q 0 0 0 rg BT 492.42 244.10 Td (Echo ) Tj ET Q q 0 0 0 rg BT 515.65 244.10 Td (Bridge, ) Tj ET Q q 0 0 0 rg BT 548.06 244.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 232.10 Td (Nerd ) Tj ET Q q 0 0 0 rg BT 72.02 232.10 Td (Corps ) Tj ET Q q 0 0 0 rg BT 97.94 232.10 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 147.75 232.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.08 232.10 Td (Q4 ) Tj ET Q q 0 0 0 rg BT 165.33 232.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.33 232.10 Td (-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 188.66 232.10 Td ($2.80 ) Tj ET Q q 0 0 0 rg BT 213.19 232.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.08 232.10 Td (\). ) Tj ET Q q 0 0 0 rg BT 249.79 232.10 Td (This ) Tj ET Q q 0 0 0 rg BT 269.60 232.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 303.84 232.10 Td (is ) Tj ET Q q 0 0 0 rg BT 312.54 232.10 Td (excluded ) Tj ET Q q 0 0 0 rg BT 350.66 232.10 Td (from ) Tj ET Q q 0 0 0 rg BT 372.13 232.10 Td (the ) Tj ET Q q 0 0 0 rg BT 386.38 232.10 Td (calculation ) Tj ET Q q 0 0 0 rg BT 432.28 232.10 Td (of ) Tj ET Q q 0 0 0 rg BT 442.19 232.10 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 480.33 232.10 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 516.44 232.10 Td ( ) Tj ET Q q 0 0 0 rg BT 518.47 232.10 Td (as ) Tj ET Q q 0 0 0 rg BT 528.83 232.10 Td (it ) Tj ET Q q 0 0 0 rg BT 536.41 232.10 Td (relates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 220.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.95 220.10 Td (the ) Tj ET Q q 0 0 0 rg BT 76.34 220.10 Td (library ) Tj ET Q q 0 0 0 rg BT 106.17 220.10 Td (titles ) Tj ET Q q 0 0 0 rg BT 128.79 220.10 Td (that ) Tj ET Q q 0 0 0 rg BT 146.96 220.10 Td (have ) Tj ET Q q 0 0 0 rg BT 169.01 220.10 Td (a ) Tj ET Q q 0 0 0 rg BT 176.62 220.10 Td (maximum ) Tj ET Q q 0 0 0 rg BT 220.35 220.10 Td (20 ) Tj ET Q q 0 0 0 rg BT 233.52 220.10 Td (year ) Tj ET Q q 0 0 0 rg BT 253.90 220.10 Td (life ) Tj ET Q q 0 0 0 rg BT 270.40 220.10 Td (for ) Tj ET Q q 0 0 0 rg BT 285.23 220.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 320.62 220.10 Td (purposes, ) Tj ET Q q 0 0 0 rg BT 361.84 220.10 Td (have ) Tj ET Q q 0 0 0 rg BT 383.89 220.10 Td (minimal ) Tj ET Q q 0 0 0 rg BT 420.40 220.10 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 456.35 220.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 477.29 220.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 500.46 220.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 544.73 220.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 208.10 Td (selling, ) Tj ET Q q 0 0 0 rg BT 82.43 208.10 Td (and ) Tj ET Q q 0 0 0 rg BT 100.14 208.10 Td (are ) Tj ET Q q 0 0 0 rg BT 115.61 208.10 Td (viewed ) Tj ET Q q 0 0 0 rg BT 147.76 208.10 Td (as ) Tj ET Q q 0 0 0 rg BT 159.36 208.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 202.06 208.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 228.66 208.10 Td ([) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 231.99 208.10 Td (note-the ) Tj ET Q q 0 0 0 rg BT 268.02 208.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 302.94 208.10 Td (of ) Tj ET Q q 0 0 0 rg BT 313.99 208.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 348.90 208.10 Td (of ) Tj ET Q q 0 0 0 rg BT 359.95 208.10 Td (acquir) Tj ET Q q 0 0 0 rg BT 385.69 208.10 Td (ed ) Tj ET Q q 0 0 0 rg BT 398.39 208.10 Td (library ) Tj ET Q q 0 0 0 rg BT 429.44 208.10 Td (of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 440.49 208.10 Td ($0.97 ) Tj ET Q q 0 0 0 rg BT 466.25 208.10 Td (million) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 494.59 208.10 Td ( ) Tj ET Q q 0 0 0 rg BT 497.86 208.10 Td (\() Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 501.19 208.10 Td (Q4 ) Tj ET Q q 0 0 0 rg BT 516.68 208.10 Td (2015) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 536.68 208.10 Td (-) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 540.01 208.10 Td ($0.16 ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 196.10 Td (million) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 78.33 196.10 Td (\), ) Tj ET Q q 0 0 0 rg BT 85.95 196.10 Td (r) Tj ET Q q 0 0 0 rg BT 89.47 196.10 Td (elating ) Tj ET Q q 0 0 0 rg BT 119.03 196.10 Td (to ) Tj ET Q q 0 0 0 rg BT 128.60 196.10 Td (the ) Tj ET Q q 0 0 0 rg BT 142.60 196.10 Td (book ) Tj ET Q q 0 0 0 rg BT 163.83 196.10 Td (value ) Tj ET Q q 0 0 0 rg BT 187.27 196.10 Td (of ) Tj ET Q q 0 0 0 rg BT 196.84 196.10 Td (the ) Tj ET Q q 0 0 0 rg BT 210.84 196.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 255.39 196.10 Td (in ) Tj ET Q q 0 0 0 rg BT 264.96 196.10 Td (film ) Tj ET Q q 0 0 0 rg BT 282.30 196.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 304.09 196.10 Td (acquisition, ) Tj ET Q q 0 0 0 rg BT 352.82 196.10 Td (is ) Tj ET Q q 0 0 0 rg BT 361.27 196.10 Td (shown ) Tj ET Q q 0 0 0 rg BT 388.62 196.10 Td (as ) Tj ET Q q 0 0 0 rg BT 399.30 196.10 Td (a ) Tj ET Q q 0 0 0 rg BT 406.09 196.10 Td (r) Tj ET Q q 0 0 0 rg BT 409.61 196.10 Td (eduction ) Tj ET Q q 0 0 0 rg BT 445.83 196.10 Td (of ) Tj ET Q q 0 0 0 rg BT 455.40 196.10 Td (gr) Tj ET Q q 0 0 0 rg BT 463.92 196.10 Td (oss ) Tj ET Q q 0 0 0 rg BT 478.49 196.10 Td (mar) Tj ET Q q 0 0 0 rg BT 494.23 196.10 Td (gin ) Tj ET Q q 0 0 0 rg BT 508.79 196.10 Td (noted ) Tj ET Q q 0 0 0 rg BT 532.80 196.10 Td (above) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 556.67 196.10 Td (]. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 184.10 Td (For ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.48 184.10 Td (Q4 ) Tj ET Q q 0 0 0 rg BT 83.28 184.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.28 184.10 Td (, ) Tj ET Q q 0 0 0 rg BT 109.37 184.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 163.49 184.10 Td (of ) Tj ET Q q 0 0 0 rg BT 175.40 184.10 Td (P&E ) Tj ET Q q 0 0 0 rg BT 198.43 184.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.57 184.10 Td (unchanged ) Tj ET Q q 0 0 0 rg BT 264.47 184.10 Td (at) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.68 184.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.27 184.10 Td ($1.24 ) Tj ET Q q 0 0 0 rg BT 301.35 184.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.24 184.10 Td ( ) Tj ET Q q 0 0 0 rg BT 333.83 184.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.16 184.10 Td (Q4 ) Tj ET Q q 0 0 0 rg BT 352.96 184.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.96 184.10 Td (-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.29 184.10 Td ($1.24 ) Tj ET Q q 0 0 0 rg BT 402.38 184.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.27 184.10 Td (\). ) Tj ET Q q 0 0 0 rg BT 440.68 184.10 Td (For ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.16 184.10 Td (Q4 ) Tj ET Q q 0 0 0 rg BT 473.96 184.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.96 184.10 Td (, ) Tj ET Q q 0 0 0 rg BT 500.05 184.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 554.17 184.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 172.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 92.49 172.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 118.32 172.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.37 172.10 Td (up) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.37 172.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.87 172.10 Td (38%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.20 172.10 Td ( ) Tj ET Q q 0 0 0 rg BT 169.70 172.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.98 172.10 Td ($2.68 ) Tj ET Q q 0 0 0 rg BT 204.98 172.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.87 172.10 Td ( ) Tj ET Q q 0 0 0 rg BT 236.37 172.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 276.08 172.10 Td (due ) Tj ET Q q 0 0 0 rg BT 293.02 172.10 Td (to ) Tj ET Q q 0 0 0 rg BT 303.30 172.10 Td (the ) Tj ET Q q 0 0 0 rg BT 318.02 172.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 347.73 172.10 Td (of ) Tj ET Q q 0 0 0 rg BT 358.56 172.10 Td (recent ) Tj ET Q q 0 0 0 rg BT 385.48 172.10 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 435.76 172.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.09 172.10 Td (Q4 ) Tj ET Q q 0 0 0 rg BT 453.81 172.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.81 172.10 Td (-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.14 172.10 Td ($1.94 ) Tj ET Q q 0 0 0 rg BT 502.14 172.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.03 172.10 Td (\).) 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664.10 Td (Facility ) Tj ET Q q 0 0 0 rg BT 334.13 664.10 Td (\(see ) Tj ET Q q 0 0 0 rg BT 352.83 664.10 Td ("Senior ) Tj ET Q q 0 0 0 rg BT 385.63 664.10 Td (Unsecured ) Tj ET Q q 0 0 0 rg BT 430.99 664.10 Td (Notes" ) Tj ET Q q 0 0 0 rg BT 461.01 664.10 Td (section ) Tj ET Q q 0 0 0 rg BT 491.94 664.10 Td (of ) Tj ET Q q 0 0 0 rg BT 502.87 664.10 Td (the ) Tj ET Q q 0 0 0 rg BT 517.69 664.10 Td (MD&A) Tj ET Q q 0 0 0 rg BT 548.25 664.10 Td ( ) Tj ET Q q 0 0 0 rg BT 550.86 664.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.10 Td (more ) Tj ET Q q 0 0 0 rg BT 73.11 652.10 Td (details\), ) Tj ET Q q 0 0 0 rg BT 107.61 652.10 Td (accretion ) Tj ET Q q 0 0 0 rg BT 146.82 652.10 Td (on ) Tj ET Q q 0 0 0 rg BT 159.38 652.10 Td (the ) Tj ET Q q 0 0 0 rg BT 174.17 652.10 Td (tangible ) Tj ET Q q 0 0 0 rg BT 208.95 652.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 239.27 652.10 Td (obligation ) Tj ET Q q 0 0 0 rg BT 282.39 652.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.29 652.10 Td ($0.14 ) Tj ET Q q 0 0 0 rg BT 318.35 652.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.25 652.10 Td ( ) Tj ET Q q 0 0 0 rg BT 349.81 652.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.14 652.10 Td (Q4 ) Tj ET Q q 0 0 0 rg BT 367.93 652.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.93 652.10 Td (-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.26 652.10 Td ($0.22 ) Tj ET Q q 0 0 0 rg BT 416.33 652.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.22 652.10 Td (\), ) Tj ET Q q 0 0 0 rg BT 453.61 652.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 488.39 652.10 Td (in ) Tj ET Q q 0 0 0 rg BT 498.73 652.10 Td (the ) Tj ET Q q 0 0 0 rg BT 513.51 652.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 529.96 652.10 Td (value ) Tj ET Q q 0 0 0 rg BT 554.18 652.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.10 Td (the ) Tj ET Q q 0 0 0 rg BT 63.80 640.10 Td (redemption ) Tj ET Q q 0 0 0 rg BT 110.92 640.10 Td (option ) Tj ET Q q 0 0 0 rg BT 138.05 640.10 Td (on ) Tj ET Q q 0 0 0 rg BT 149.63 640.10 Td (the ) Tj ET Q q 0 0 0 rg BT 163.43 640.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 191.12 640.10 Td (Unsecured ) Tj ET Q q 0 0 0 rg BT 235.46 640.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 260.37 640.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.28 640.10 Td ($0.95 ) Tj ET Q q 0 0 0 rg BT 294.36 640.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.25 640.10 Td ( ) Tj ET Q q 0 0 0 rg BT 324.83 640.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.16 640.10 Td (Q4 ) Tj ET Q q 0 0 0 rg BT 341.96 640.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.96 640.10 Td (-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.29 640.10 Td ($0.66 ) Tj ET Q q 0 0 0 rg BT 389.37 640.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.26 640.10 Td (\), ) Tj ET Q q 0 0 0 rg BT 425.67 640.10 Td (and ) Tj ET Q q 0 0 0 rg BT 441.69 640.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 493.80 640.10 Td (of ) Tj ET Q q 0 0 0 rg BT 503.71 640.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 522.51 640.10 Td (premiums ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.83 628.10 Td ($0.05 ) Tj ET Q q 0 0 0 rg BT 85.83 628.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.72 628.10 Td ( ) Tj ET Q q 0 0 0 rg BT 117.22 628.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.55 628.10 Td (Q4 ) Tj ET Q q 0 0 0 rg BT 135.27 628.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.27 628.10 Td (-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.60 628.10 Td ($0.1) Tj ET Q q 0 0 0 rg BT 175.73 628.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 183.23 628.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.12 628.10 Td (\), ) Tj ET Q q 0 0 0 rg BT 220.45 628.10 Td (of) Tj ET Q q 0 0 0 rg BT 228.60 628.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 245.54 628.10 Td (by ) Tj ET Q q 0 0 0 rg BT 258.04 628.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 289.97 628.10 Td (income ) Tj ET Q q 0 0 0 rg BT 321.90 628.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.73 628.10 Td ($0.07 ) Tj ET Q q 0 0 0 rg BT 357.73 628.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.62 628.10 Td ( ) Tj ET Q q 0 0 0 rg BT 389.12 628.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.45 628.10 Td (Q4 ) Tj ET Q q 0 0 0 rg BT 407.17 628.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.17 628.10 Td (-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 628.10 Td ($0.05 ) Tj ET Q q 0 0 0 rg BT 455.50 628.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.39 628.10 Td (\). ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 88.62 610.10 Td (EBITDA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 592.10 Td (For ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.06 592.10 Td (Q4 ) Tj ET Q q 0 0 0 rg BT 98.45 592.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.45 592.10 Td (, ) Tj ET Q q 0 0 0 rg BT 122.65 592.10 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 160.92 592.10 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 197.03 592.10 Td ( ) Tj ET Q q 0 0 0 rg BT 199.20 592.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.93 592.10 Td ($24.82 ) Tj ET Q q 0 0 0 rg BT 246.60 592.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.49 592.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.16 592.10 Td (up) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.16 592.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.33 592.10 Td ($2.01 ) Tj ET Q q 0 0 0 rg BT 317.00 592.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.89 592.10 Td ( ) Tj ET Q q 0 0 0 rg BT 348.06 592.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.56 592.10 Td (9%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.89 592.10 Td ( ) Tj ET Q q 0 0 0 rg BT 374.06 592.10 Td (over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.00 592.10 Td ($22.81 ) Tj ET Q q 0 0 0 rg BT 423.67 592.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.56 592.10 Td ( ) Tj ET Q q 0 0 0 rg BT 454.73 592.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.56 592.10 Td (Q4 ) Tj ET Q q 0 0 0 rg BT 482.96 592.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.96 592.10 Td (. ) Tj ET Q q 0 0 0 rg BT 507.63 592.10 Td (Please ) Tj ET Q q 0 0 0 rg BT 535.34 592.10 Td (see ) Tj ET Q q 0 0 0 rg BT 550.28 592.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 580.10 Td ("Use ) Tj ET Q q 0 0 0 rg BT 71.74 580.10 Td (of ) Tj ET Q q 0 0 0 rg BT 82.18 580.10 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 129.59 580.10 Td ( ) Tj ET Q q 0 0 0 rg BT 131.70 580.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 171.02 580.10 Td (Measures" ) Tj ET Q q 0 0 0 rg BT 215.53 580.10 Td (and ) Tj ET Q q 0 0 0 rg BT 232.08 580.10 Td ("Reconciliation ) Tj ET Q q 0 0 0 rg BT 296.59 580.10 Td (of ) Tj ET Q q 0 0 0 rg BT 307.03 580.10 Td (Historical ) Tj ET Q q 0 0 0 rg BT 348.57 580.10 Td (Results ) Tj ET Q q 0 0 0 rg BT 380.13 580.10 Td (to ) Tj ET Q q 0 0 0 rg BT 389.55 580.10 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 427.77 580.10 Td (EBITDA" ) Tj ET Q q 0 0 0 rg BT 470.62 580.10 Td (sections ) Tj ET Q q 0 0 0 rg BT 504.94 580.10 Td (of ) Tj ET Q q 0 0 0 rg BT 515.38 580.10 Td (this ) Tj ET Q q 0 0 0 rg BT 531.94 580.10 Td (MD&A) Tj ET Q q 0 0 0 rg BT 562.50 580.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 568.10 Td (for ) Tj ET Q q 0 0 0 rg BT 64.16 568.10 Td (the ) Tj ET Q q 0 0 0 rg BT 78.88 568.10 Td (definition ) Tj ET Q q 0 0 0 rg BT 120.26 568.10 Td (and ) Tj ET Q q 0 0 0 rg BT 137.20 568.10 Td (calculation ) Tj ET Q q 0 0 0 rg BT 183.56 568.10 Td (of ) Tj ET Q q 0 0 0 rg BT 193.84 568.10 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 232.45 568.10 Td (EBITDA.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (Income ) Tj ET Q q 0 0 0 rg BT 83.61 550.10 Td (T) Tj ET Q q 0 0 0 rg BT 88.80 550.10 Td (axes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 532.10 Td (Income ) Tj ET Q q 0 0 0 rg BT 101.06 532.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 116.36 532.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.10 532.10 Td (Q4 ) Tj ET Q q 0 0 0 rg BT 146.40 532.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.40 532.10 Td ( ) Tj ET Q q 0 0 0 rg BT 169.48 532.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 188.11 532.10 Td (a ) Tj ET Q q 0 0 0 rg BT 195.62 532.10 Td (recovery) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.60 532.10 Td ( ) Tj ET Q q 0 0 0 rg BT 233.68 532.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.09 532.10 Td ($0.27 ) Tj ET Q q 0 0 0 rg BT 270.67 532.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.56 532.10 Td ( ) Tj ET Q q 0 0 0 rg BT 302.64 532.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.97 532.10 Td (Q4 ) Tj ET Q q 0 0 0 rg BT 321.27 532.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.27 532.10 Td (-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.60 532.10 Td ($0.57 ) Tj ET Q q 0 0 0 rg BT 370.18 532.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.07 532.10 Td ( ) Tj ET Q q 0 0 0 rg BT 402.15 532.10 Td (tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.44 532.10 Td (recovery) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.42 532.10 Td (\) ) Tj ET Q q 0 0 0 rg BT 458.83 532.10 Td (made ) Tj ET Q q 0 0 0 rg BT 483.56 532.10 Td (up ) Tj ET Q q 0 0 0 rg BT 496.64 532.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.05 532.10 Td ($5.40 ) Tj ET Q q 0 0 0 rg BT 533.63 532.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.10 Td (expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 82.21 520.10 Td ( ) Tj ET Q q 0 0 0 rg BT 84.98 520.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.31 520.10 Td (Q4 ) Tj ET Q q 0 0 0 rg BT 103.30 520.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.30 520.10 Td (-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.63 520.10 Td ($1.25 ) Tj ET Q q 0 0 0 rg BT 151.90 520.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.79 520.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.56 520.10 Td (expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.77 520.10 Td (\) ) Tj ET Q q 0 0 0 rg BT 221.87 520.10 Td (for ) Tj ET Q q 0 0 0 rg BT 236.30 520.10 Td (current ) Tj ET Q q 0 0 0 rg BT 267.39 520.10 Td (income ) Tj ET Q q 0 0 0 rg BT 299.59 520.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 314.58 520.10 Td (and ) Tj ET Q q 0 0 0 rg BT 331.79 520.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 367.87 520.10 Td (income ) Tj ET Q q 0 0 0 rg BT 400.07 520.10 Td (tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.06 520.10 Td (recovery) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.04 520.10 Td ( ) Tj ET Q q 0 0 0 rg BT 452.81 520.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.91 520.10 Td ($5.67 ) Tj ET Q q 0 0 0 rg BT 489.18 520.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.07 520.10 Td ( ) Tj ET Q q 0 0 0 rg BT 520.84 520.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.17 520.10 Td (Q4 ) Tj ET Q q 0 0 0 rg BT 539.17 520.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.17 520.10 Td (-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 508.10 Td ($1.82 ) Tj ET Q q 0 0 0 rg BT 75.00 508.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.89 508.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.39 508.10 Td (recovery) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.37 508.10 Td (\). ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 66.94 490.10 Td (Income ) Tj ET Q q 0 0 0 rg BT 100.55 490.10 Td (and ) Tj ET Q q 0 0 0 rg BT 118.61 490.10 Td (Comprehensive ) Tj ET Q q 0 0 0 rg BT 185.00 490.10 Td (Income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 472.10 Td (For ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.49 472.10 Td (Q4 ) Tj ET Q q 0 0 0 rg BT 99.31 472.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 119.31 472.10 Td ( ) Tj ET Q q 0 0 0 rg BT 121.91 472.10 Td (net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.73 472.10 Td (loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.29 472.10 Td ( ) Tj ET Q q 0 0 0 rg BT 154.89 472.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.04 472.10 Td ($1.75 ) Tj ET Q q 0 0 0 rg BT 198.14 472.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.04 472.10 Td ( ) Tj ET Q q 0 0 0 rg BT 229.64 472.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.97 472.10 Td ($\(0.01\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.13 472.10 Td ( ) Tj ET Q q 0 0 0 rg BT 264.73 472.10 Td (basic ) Tj ET Q q 0 0 0 rg BT 287.87 472.10 Td (and ) Tj ET Q q 0 0 0 rg BT 304.91 472.10 Td (diluted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.29 472.10 Td (loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.85 472.10 Td ( ) Tj ET Q q 0 0 0 rg BT 353.45 472.10 Td (per ) Tj ET Q q 0 0 0 rg BT 368.82 472.10 Td (share\), ) Tj ET Q q 0 0 0 rg BT 398.34 472.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 440.37 472.10 Td (to ) Tj ET Q q 0 0 0 rg BT 450.75 472.10 Td (net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.56 472.10 Td (income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 472.10 Td ( ) Tj ET Q q 0 0 0 rg BT 497.60 472.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.53 472.10 Td ($3.70 ) Tj ET Q q 0 0 0 rg BT 533.63 472.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 460.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.33 460.10 Td ($0.03) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.83 460.10 Td ( ) Tj ET Q q 0 0 0 rg BT 78.05 460.10 Td (basic ) Tj ET Q q 0 0 0 rg BT 100.82 460.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.48 460.10 Td ($0.03) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.98 460.10 Td ( ) Tj ET Q q 0 0 0 rg BT 142.21 460.10 Td (diluted ) Tj ET Q q 0 0 0 rg BT 172.20 460.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 208.30 460.10 Td (per ) Tj ET Q q 0 0 0 rg BT 223.30 460.10 Td (share\) ) Tj ET Q q 0 0 0 rg BT 249.95 460.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.83 460.10 Td (Q4 ) Tj ET Q q 0 0 0 rg BT 278.28 460.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.28 460.10 Td (, ) Tj ET Q q 0 0 0 rg BT 303.00 460.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.55 460.10 Td (a ) Tj ET Q q 0 0 0 rg BT 320.21 460.10 Td (decrease) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.63 460.10 Td ( ) Tj ET Q q 0 0 0 rg BT 356.85 460.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.40 460.10 Td ($5.45 ) Tj ET Q q 0 0 0 rg BT 392.13 460.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.02 460.10 Td (, ) Tj ET Q q 0 0 0 rg BT 425.74 460.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.30 460.10 Td (147%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.63 460.10 Td (. ) Tj ET Q q 0 0 0 rg BT 464.19 460.10 Td (The ) Tj ET Q q 0 0 0 rg BT 481.96 460.10 Td (net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.40 460.10 Td (loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.96 460.10 Td ( ) Tj ET Q q 0 0 0 rg BT 514.18 460.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.07 460.10 Td (Q4 ) Tj ET Q q 0 0 0 rg BT 542.51 460.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 448.10 Td (was ) Tj ET Q q 0 0 0 rg BT 67.68 448.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 110.35 448.10 Td (impacted ) Tj ET Q q 0 0 0 rg BT 149.14 448.10 Td (by ) Tj ET Q q 0 0 0 rg BT 161.27 448.10 Td (a ) Tj ET Q q 0 0 0 rg BT 167.84 448.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 198.85 448.10 Td (exchange ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.74 448.10 Td (loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.30 448.10 Td ( ) Tj ET Q q 0 0 0 rg BT 256.43 448.10 Td (\(specifically) Tj ET Q q 0 0 0 rg BT 305.20 448.10 Td (, ) Tj ET Q q 0 0 0 rg BT 309.83 448.10 Td (the ) Tj ET Q q 0 0 0 rg BT 324.18 448.10 Td (GBP) Tj ET Q q 0 0 0 rg BT 343.27 448.10 Td ( ) Tj ET Q q 0 0 0 rg BT 345.40 448.10 Td (declined ) Tj ET Q q 0 0 0 rg BT 381.40 448.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 441.30 448.10 Td (8% ) Tj ET Q q 0 0 0 rg BT 456.76 448.10 Td (versus ) Tj ET Q q 0 0 0 rg BT 484.44 448.10 Td (the ) Tj ET Q q 0 0 0 rg BT 498.79 448.10 Td (CAD ) Tj ET Q q 0 0 0 rg BT 522.04 448.10 Td (during ) Tj ET Q q 0 0 0 rg BT 550.28 448.10 Td (Q4 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 436.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 72.84 436.10 Td (in ) Tj ET Q q 0 0 0 rg BT 83.46 436.10 Td (the ) Tj ET Q q 0 0 0 rg BT 98.51 436.10 Td (wake ) Tj ET Q q 0 0 0 rg BT 122.45 436.10 Td (of ) Tj ET Q q 0 0 0 rg BT 133.62 436.10 Td (Brexit\) ) Tj ET Q q 0 0 0 rg BT 164.79 436.10 Td (of ) Tj ET Q q 0 0 0 rg BT 175.95 436.10 Td ($5.35 ) Tj ET Q q 0 0 0 rg BT 201.29 436.10 Td (million ) Tj ET Q q 0 0 0 rg BT 233.02 436.10 Td (\(net ) Tj ET Q q 0 0 0 rg BT 251.41 436.10 Td (of ) Tj ET Q q 0 0 0 rg BT 262.58 436.10 Td (a ) Tj ET Q q 0 0 0 rg BT 269.86 436.10 Td ($1.92 ) Tj ET Q q 0 0 0 rg BT 295.20 436.10 Td (million ) Tj ET Q q 0 0 0 rg BT 326.93 436.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 341.98 436.10 Td (ef) Tj ET Q q 0 0 0 rg BT 349.57 436.10 Td (fect\) ) Tj ET Q q 0 0 0 rg BT 370.73 436.10 Td (versus ) Tj ET Q q 0 0 0 rg BT 399.12 436.10 Td (a ) Tj ET Q q 0 0 0 rg BT 406.40 436.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 438.11 436.10 Td (exchange ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.71 436.10 Td (loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.27 436.10 Td ( ) Tj ET Q q 0 0 0 rg BT 497.11 436.10 Td (of ) Tj ET Q q 0 0 0 rg BT 508.28 436.10 Td ($2.38 ) Tj ET Q q 0 0 0 rg BT 533.62 436.10 Td (million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 424.10 Td (\(net ) Tj ET Q q 0 0 0 rg BT 68.63 424.10 Td (of ) Tj ET Q q 0 0 0 rg BT 80.04 424.10 Td (a ) Tj ET Q q 0 0 0 rg BT 87.56 424.10 Td ($0.86 ) Tj ET Q q 0 0 0 rg BT 113.14 424.10 Td (million ) Tj ET Q q 0 0 0 rg BT 145.11 424.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 160.40 424.10 Td (ef) Tj ET Q q 0 0 0 rg BT 167.99 424.10 Td (fect\) ) Tj ET Q q 0 0 0 rg BT 189.39 424.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.13 424.10 Td (Q4 ) Tj ET Q q 0 0 0 rg BT 219.43 424.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.43 424.10 Td (. ) Tj ET Q q 0 0 0 rg BT 244.79 424.10 Td (The ) Tj ET Q q 0 0 0 rg BT 263.41 424.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 295.37 424.10 Td (exchange ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.21 424.10 Td (loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.77 424.10 Td ( ) Tj ET Q q 0 0 0 rg BT 354.85 424.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.59 424.10 Td (Q4 ) Tj ET Q q 0 0 0 rg BT 384.89 424.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.89 424.10 Td ( ) Tj ET Q q 0 0 0 rg BT 407.97 424.10 Td (was ) Tj ET Q q 0 0 0 rg BT 426.60 424.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 466.89 424.10 Td (driven ) Tj ET Q q 0 0 0 rg BT 495.52 424.10 Td (by ) Tj ET Q q 0 0 0 rg BT 508.60 424.10 Td (the ) Tj ET Q q 0 0 0 rg BT 523.90 424.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 554.19 424.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 412.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 89.50 412.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 106.24 412.10 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 155.20 412.10 Td (on ) Tj ET Q q 0 0 0 rg BT 166.95 412.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 197.58 412.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 234.30 412.10 Td (denominated ) Tj ET Q q 0 0 0 rg BT 287.70 412.10 Td (receivables ) Tj ET Q q 0 0 0 rg BT 334.42 412.10 Td (and ) Tj ET Q q 0 0 0 rg BT 350.61 412.10 Td (payables, ) Tj ET Q q 0 0 0 rg BT 389.84 412.10 Td (a ) Tj ET Q q 0 0 0 rg BT 396.03 412.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 439.99 412.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 470.63 412.10 Td (of ) Tj ET Q q 0 0 0 rg BT 480.71 412.10 Td (which ) Tj ET Q q 0 0 0 rg BT 506.90 412.10 Td (are ) Tj ET Q q 0 0 0 rg BT 520.85 412.10 Td (comprised ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 400.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.38 400.10 Td (intercompany ) Tj ET Q q 0 0 0 rg BT 117.42 400.10 Td (balances. ) Tj ET Q q 0 0 0 rg BT 156.39 400.10 Td (For ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.34 400.10 Td (Q4 ) Tj ET Q q 0 0 0 rg BT 186.61 400.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.61 400.10 Td (, ) Tj ET Q q 0 0 0 rg BT 211.17 400.10 Td (net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.44 400.10 Td (income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.87 400.10 Td ( ) Tj ET Q q 0 0 0 rg BT 256.92 400.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 292.30 400.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.91 400.10 Td ($0.49 ) Tj ET Q q 0 0 0 rg BT 334.46 400.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.35 400.10 Td ( ) Tj ET Q q 0 0 0 rg BT 365.41 400.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.79 400.10 Td ($0.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.29 400.10 Td ( ) Tj ET Q q 0 0 0 rg BT 400.34 400.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 435.72 400.10 Td (basic ) Tj ET Q q 0 0 0 rg BT 458.32 400.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.81 400.10 Td ($0.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.31 400.10 Td ( ) Tj ET Q q 0 0 0 rg BT 499.37 400.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 534.74 400.10 Td (diluted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 388.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 86.18 388.10 Td (per ) Tj ET Q q 0 0 0 rg BT 101.25 388.10 Td (share, ) Tj ET Q q 0 0 0 rg BT 127.16 388.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 162.78 388.10 Td (for ) Tj ET Q q 0 0 0 rg BT 176.75 388.10 Td (identified ) Tj ET Q q 0 0 0 rg BT 217.37 388.10 Td (char) Tj ET Q q 0 0 0 rg BT 234.40 388.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 250.03 388.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.67 388.10 Td ($2.24 ) Tj ET Q q 0 0 0 rg BT 285.47 388.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.36 388.10 Td ( ) Tj ET Q q 0 0 0 rg BT 316.67 388.10 Td (\(net ) Tj ET Q q 0 0 0 rg BT 334.52 388.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.15 388.10 Td ($0.96 ) Tj ET Q q 0 0 0 rg BT 369.95 388.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.84 388.10 Td ( ) Tj ET Q q 0 0 0 rg BT 401.15 388.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 415.67 388.10 Td (ef) Tj ET Q q 0 0 0 rg BT 423.26 388.10 Td (fect\), ) Tj ET Q q 0 0 0 rg BT 446.38 388.10 Td (as ) Tj ET Q q 0 0 0 rg BT 457.01 388.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 498.74 388.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.82 388.10 Td ($5.00 ) Tj ET Q q 0 0 0 rg BT 533.62 388.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 376.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 85.36 376.10 Td (net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.61 376.10 Td (income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.05 376.10 Td ( ) Tj ET Q q 0 0 0 rg BT 131.08 376.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.78 376.10 Td (Q4 ) Tj ET Q q 0 0 0 rg BT 159.03 376.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.03 376.10 Td ( ) Tj ET Q q 0 0 0 rg BT 181.07 376.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 216.43 376.10 Td (for ) Tj ET Q q 0 0 0 rg BT 230.12 376.10 Td (identified ) Tj ET Q q 0 0 0 rg BT 270.48 376.10 Td (char) Tj ET Q q 0 0 0 rg BT 287.51 376.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 302.87 376.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.24 376.10 Td ($1.31 ) Tj ET Q q 0 0 0 rg BT 337.77 376.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.66 376.10 Td ( ) Tj ET Q q 0 0 0 rg BT 368.70 376.10 Td (\(net ) Tj ET Q q 0 0 0 rg BT 386.28 376.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.65 376.10 Td ($0.48 ) Tj ET Q q 0 0 0 rg BT 421.18 376.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.07 376.10 Td ( ) Tj ET Q q 0 0 0 rg BT 452.11 376.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 466.36 376.10 Td (ef) Tj ET Q q 0 0 0 rg BT 473.95 376.10 Td (fect\) ) Tj ET Q q 0 0 0 rg BT 494.30 376.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.66 376.10 Td ($0.04) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.16 376.10 Td ( ) Tj ET Q q 0 0 0 rg BT 529.20 376.10 Td (adjusted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 364.10 Td (basic ) Tj ET Q q 0 0 0 rg BT 72.98 364.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.85 364.10 Td ($0.04) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.35 364.10 Td ( ) Tj ET Q q 0 0 0 rg BT 114.78 364.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 150.53 364.10 Td (diluted ) Tj ET Q q 0 0 0 rg BT 180.74 364.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 217.04 364.10 Td (per ) Tj ET Q q 0 0 0 rg BT 232.24 364.10 Td (share. ) Tj ET Q q 0 0 0 rg BT 258.27 364.10 Td (Please ) Tj ET Q q 0 0 0 rg BT 286.25 364.10 Td (see ) Tj ET Q q 0 0 0 rg BT 301.45 364.10 Td (the ) Tj ET Q q 0 0 0 rg BT 316.10 364.10 Td ("Use ) Tj ET Q q 0 0 0 rg BT 338.16 364.10 Td (of ) Tj ET Q q 0 0 0 rg BT 348.92 364.10 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 396.33 364.10 Td ( ) Tj ET Q q 0 0 0 rg BT 398.76 364.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 438.40 364.10 Td (Measures" ) Tj ET Q q 0 0 0 rg BT 483.24 364.10 Td (and ) Tj ET Q q 0 0 0 rg BT 500.11 364.10 Td ("Reconciliation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 352.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.83 352.10 Td (Historical ) Tj ET Q q 0 0 0 rg BT 102.76 352.10 Td (Results ) Tj ET Q q 0 0 0 rg BT 134.71 352.10 Td (to ) Tj ET Q q 0 0 0 rg BT 144.44 352.10 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 183.05 352.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 199.99 352.10 Td (Income" ) Tj ET Q q 0 0 0 rg BT 236.55 352.10 Td (sections ) Tj ET Q q 0 0 0 rg BT 271.27 352.10 Td (of ) Tj ET Q q 0 0 0 rg BT 282.10 352.10 Td (this ) Tj ET Q q 0 0 0 rg BT 299.05 352.10 Td (MD&A.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 334.10 Td (Comprehensive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.23 334.10 Td (loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.79 334.10 Td ( ) Tj ET Q q 0 0 0 rg BT 151.25 334.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.38 334.10 Td (Q4 ) Tj ET Q q 0 0 0 rg BT 180.06 334.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.06 334.10 Td ( ) Tj ET Q q 0 0 0 rg BT 202.52 334.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.54 334.10 Td ($4.33 ) Tj ET Q q 0 0 0 rg BT 245.50 334.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.39 334.10 Td (, ) Tj ET Q q 0 0 0 rg BT 279.36 334.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 321.24 334.10 Td (to ) Tj ET Q q 0 0 0 rg BT 331.49 334.10 Td (comprehensive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.48 334.10 Td (income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.92 334.10 Td ( ) Tj ET Q q 0 0 0 rg BT 426.38 334.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.17 334.10 Td ($6.01 ) Tj ET Q q 0 0 0 rg BT 462.14 334.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.03 334.10 Td ( ) Tj ET Q q 0 0 0 rg BT 493.49 334.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.61 334.10 Td (Q4 ) Tj ET Q q 0 0 0 rg BT 522.30 334.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.30 334.10 Td (, ) Tj ET Q q 0 0 0 rg BT 547.26 334.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.06 334.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (decrease) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.41 322.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.91 322.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.74 322.10 Td ($10.33 ) Tj ET Q q 0 0 0 rg BT 127.74 322.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.64 322.10 Td (, ) Tj ET Q q 0 0 0 rg BT 161.64 322.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.47 322.10 Td (172%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.80 322.10 Td (.) Tj ET Q endstream endobj 35 0 obj <> endobj 36 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6 0.6 0.6 rg BT 301.00 31.60 Td (17) Tj ET Q 1 1 1 rg /GS0 gs 53.75 668.50 179.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 53.75 653.50 179.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 53.75 638.50 179.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 53.75 623.50 179.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 53.75 608.50 179.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 53.75 524.50 179.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 53.75 509.50 179.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 53.75 494.50 179.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 53.75 479.50 179.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 53.75 464.50 179.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.75 748.5 m 49.75 741.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.75 748.5 m 53.75 748.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.75 748.5 m 232.75 748.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 232.75 748.5 m 321.75 748.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.75 748.5 m 410.75 748.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.75 748.5 m 414.75 748.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.75 748.5 m 477.75 748.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.75 748.5 m 481.75 748.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.75 748.5 m 543.75 748.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 547.75 748.5 m 547.75 741.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 543.75 748.5 m 547.75 748.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.75 741.5 m 49.75 726.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 547.75 741.5 m 547.75 726.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.75 726.5 m 49.75 711.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 547.75 726.5 m 547.75 711.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.75 711.5 m 49.75 696.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 232.75 696.5 m 321.75 696.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.75 696.5 m 410.75 696.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 547.75 711.5 m 547.75 696.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.75 696.5 m 49.75 688.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 547.75 696.5 m 547.75 688.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.75 688.5 m 49.75 668.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 547.75 688.5 m 547.75 668.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.75 668.5 m 49.75 653.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 547.75 668.5 m 547.75 653.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.75 653.5 m 49.75 638.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 547.75 653.5 m 547.75 638.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.75 638.5 m 49.75 623.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 547.75 638.5 m 547.75 623.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.75 623.5 m 49.75 608.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 547.75 623.5 m 547.75 608.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.75 608.5 m 49.75 593.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 547.75 608.5 m 547.75 593.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.75 593.5 m 49.75 584.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 547.75 593.5 m 547.75 584.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.75 584.5 m 49.75 569.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 547.75 584.5 m 547.75 569.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.75 569.5 m 49.75 554.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 547.75 569.5 m 547.75 554.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.75 554.5 m 49.75 539.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 232.75 539.5 m 321.75 539.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.75 539.5 m 410.75 539.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.75 539.5 m 414.75 539.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.75 539.5 m 477.75 539.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.75 539.5 m 481.75 539.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.75 539.5 m 543.75 539.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 547.75 554.5 m 547.75 539.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.75 539.5 m 49.75 524.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 547.75 539.5 m 547.75 524.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.75 524.5 m 49.75 509.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 547.75 524.5 m 547.75 509.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.75 509.5 m 49.75 494.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 547.75 509.5 m 547.75 494.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.75 494.5 m 49.75 479.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 547.75 494.5 m 547.75 479.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.75 479.5 m 49.75 464.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.75 464.5 m 477.75 464.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.75 464.5 m 543.75 464.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 547.75 479.5 m 547.75 464.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.75 464.5 m 49.75 449.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 232.75 464.5 m 321.75 464.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 232.75 450.5 m 321.75 450.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 232.75 448.5 m 321.75 448.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.75 464.5 m 410.75 464.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.75 450.5 m 410.75 450.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.75 448.5 m 410.75 448.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.75 464.5 m 414.75 464.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.75 450.5 m 414.75 450.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.75 448.5 m 414.75 448.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.75 464.5 m 477.75 464.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.75 450.5 m 477.75 450.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.75 448.5 m 477.75 448.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.75 464.5 m 481.75 464.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.75 450.5 m 481.75 450.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.75 448.5 m 481.75 448.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.75 464.5 m 543.75 464.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.75 450.5 m 543.75 450.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.75 448.5 m 543.75 448.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 547.75 464.5 m 547.75 449.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.75 449.5 m 49.75 439.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 547.75 449.5 m 547.75 439.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.75 439.5 m 49.75 424.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 232.75 425.5 m 321.75 425.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 232.75 423.5 m 321.75 423.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.75 425.5 m 410.75 425.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.75 423.5 m 410.75 423.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.75 425.5 m 414.75 425.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.75 423.5 m 414.75 423.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.75 425.5 m 477.75 425.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.75 423.5 m 477.75 423.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.75 425.5 m 481.75 425.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.75 423.5 m 481.75 423.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.75 425.5 m 543.75 425.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.75 423.5 m 543.75 423.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 547.75 439.5 m 547.75 424.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.75 424.5 m 49.75 416.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.75 416.5 m 53.75 416.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.75 416.5 m 232.75 416.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 232.75 416.5 m 321.75 416.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.75 416.5 m 410.75 416.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.75 416.5 m 414.75 416.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.75 416.5 m 477.75 416.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.75 416.5 m 481.75 416.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.75 416.5 m 543.75 416.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 547.75 424.5 m 547.75 416.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 543.75 416.5 m 547.75 416.5 l s BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 56.25 730.95 Td (Liquidity and Capital Resources) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 260.70 730.95 Td (June 30,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 349.70 730.95 Td (June 30,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 267.75 715.95 Td (2016) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 356.75 715.95 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 274.50 700.95 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 363.50 700.95 Td ($) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 235.25 689.89 Td (\(Amounts in Thousands, Except Balance Sheet Ratios\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.25 672.95 Td (Key Balance Sheet Amounts and Ratios:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.25 657.96 Td (Cash and restricted cash) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 293.50 657.95 Td (80,446) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 382.50 657.96 Td (42,907) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.25 642.96 Td (Long-term assets) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 289.00 642.95 Td (388,914) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 378.00 642.96 Td (370,951) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.25 627.96 Td (Working capital) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 289.00 627.95 Td (252,654) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 378.00 627.96 Td (198,162) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.25 612.96 Td (Long-term and other liabilities) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 289.00 612.95 Td (304,733) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 378.00 612.96 Td (307,159) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.25 597.96 Td (W) Tj ET Q q 0 0 0 rg BT 64.02 597.96 Td (orking capital ratio) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 132.50 602.04 Td ( \(1\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 302.50 597.95 Td (1.97) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 391.50 597.96 Td (1.83) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 235.80 573.95 Td (Three Months Ended) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 324.80 573.95 Td (Three Months Ended) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 423.20 573.95 Td (Year Ended) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 489.70 573.95 Td (Year Ended) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 250.60 558.95 Td (June 30, 2016) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 339.60 558.95 Td (June 30, 2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 419.60 558.95 Td (June 30, 2016) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 486.10 558.95 Td (June 30, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.25 544.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.25 544.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.25 544.17 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 510.00 543.95 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 56.25 528.95 Td (Cash Inflows \(Outflows\) by Activity:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.25 513.96 Td (Operating activities) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 298.00 513.95 Td (7,525) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 387.00 513.95 Td (1,378) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 446.15 513.95 Td (\(21,291) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 473.90 513.95 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 515.15 513.95 Td (22,326) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.25 498.96 Td (Financing activities) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 293.50 498.95 Td (26,455) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 382.50 498.95 Td (11,009) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 449.15 498.95 Td (78,855) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 510.65 498.95 Td (208,028) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.25 483.96 Td (Investing activities) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 295.00 483.95 Td (\(2,179) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 318.25 483.95 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 384.00 483.95 Td (\(1,987) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 407.25 483.95 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 446.15 483.95 Td (\(20,279) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 473.90 483.95 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 507.65 483.95 Td (\(214,703) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 539.90 483.95 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.25 468.96 Td (Effect of foreign exchange rate changes on cash) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 306.25 468.95 Td (\(96) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 318.25 468.95 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 395.25 468.95 Td (\(30) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 407.25 468.95 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 460.40 468.95 Td (254) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 526.40 468.95 Td (577) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.25 453.96 Td (Net cash inflows \(outflows\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 293.50 453.95 Td (31,705) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 382.50 453.95 Td (10,370) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 449.15 453.95 Td (37,539) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 515.15 453.95 Td (16,228) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.25 428.96 Td (Adjusted Operating ) Tj ET Q q 0 0 0 rg BT 128.74 428.96 Td (Activities ) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 165.98 433.04 Td (\(2\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 298.00 428.95 Td (7,726) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 382.50 428.95 Td (14,604) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 453.65 428.95 Td (2,970) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 515.15 428.95 Td (49,111) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 407.40 Td (\(1\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 407.40 Td (W) Tj ET Q q 0 0 0 rg BT 74.41 407.40 Td (orking capital ratio is current assets divided by current liabilities.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 397.80 Td (\(2\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 397.80 Td (See ) Tj ET Q q 0 0 0 rg BT 81.45 397.80 Td (Use ) Tj ET Q q 0 0 0 rg BT 99.84 397.80 Td (of ) Tj ET Q q 0 0 0 rg BT 108.90 397.80 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 146.83 397.80 Td ( ) Tj ET Q q 0 0 0 rg BT 149.23 397.80 Td (Financial ) Tj ET Q q 0 0 0 rg BT 181.39 397.80 Td (Measures ) Tj ET Q q 0 0 0 rg BT 218.00 397.80 Td (section ) Tj ET Q q 0 0 0 rg BT 243.06 397.80 Td (of ) Tj ET Q q 0 0 0 rg BT 252.12 397.80 Td (this ) Tj ET Q q 0 0 0 rg BT 266.08 397.80 Td (MD&A) Tj ET Q q 0 0 0 rg BT 290.53 397.80 Td ( ) Tj ET Q q 0 0 0 rg BT 292.93 397.80 Td (for ) Tj ET Q q 0 0 0 rg BT 304.65 397.80 Td (a ) Tj ET Q q 0 0 0 rg BT 310.60 397.80 Td (definition ) Tj ET Q q 0 0 0 rg BT 344.11 397.80 Td (of ) Tj ET Q q 0 0 0 rg BT 352.64 397.80 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 383.92 397.80 Td (Operating ) Tj ET Q q 0 0 0 rg BT 417.78 397.80 Td (Activities. ) Tj ET Q q 0 0 0 rg BT 452.76 397.80 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 484.04 397.80 Td (Operating ) Tj ET Q q 0 0 0 rg BT 517.90 397.80 Td (Activities ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 388.20 Td (includes ) Tj ET Q q 0 0 0 rg BT 95.84 388.20 Td (changes ) Tj ET Q q 0 0 0 rg BT 123.28 388.20 Td (in ) Tj ET Q q 0 0 0 rg BT 131.18 388.20 Td (bank ) Tj ET Q q 0 0 0 rg BT 148.40 388.20 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 191.40 388.20 Td (which ) Tj ET Q q 0 0 0 rg BT 212.63 388.20 Td (Management ) Tj ET Q q 0 0 0 rg BT 256.07 388.20 Td (believes ) Tj ET Q q 0 0 0 rg BT 283.95 388.20 Td (relate ) Tj ET Q q 0 0 0 rg BT 303.39 388.20 Td (to ) Tj ET Q q 0 0 0 rg BT 311.29 388.20 Td (operations. ) Tj ET Q q 0 0 0 rg BT 348.29 388.20 Td (Cash ) Tj ET Q q 0 0 0 rg BT 365.96 388.20 Td (inflows ) Tj ET Q q 0 0 0 rg BT 391.64 388.20 Td (from ) Tj ET Q q 0 0 0 rg BT 408.50 388.20 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 439.06 388.20 Td (Operating ) Tj ET Q q 0 0 0 rg BT 472.35 388.20 Td (Activities ) Tj ET Q q 0 0 0 rg BT 505.14 388.20 Td (are ) Tj ET Q q 0 0 0 rg BT 516.58 388.20 Td (calculated ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 378.60 Td (as ) Tj ET Q q 0 0 0 rg BT 76.16 378.60 Td (follows:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 265.25 269.1 m 347.25 269.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 265.25 258.1 m 347.25 258.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 265.25 256.1 m 347.25 256.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.25 269.1 m 427.25 269.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.25 258.1 m 427.25 258.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.25 256.1 m 427.25 256.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.25 269.1 m 431.25 269.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.25 258.1 m 431.25 258.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.25 256.1 m 431.25 256.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.25 269.1 m 486.25 269.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.25 258.1 m 486.25 258.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.25 256.1 m 486.25 256.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.25 269.1 m 490.25 269.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.25 258.1 m 490.25 258.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.25 256.1 m 490.25 256.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.25 269.1 m 548.25 269.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.25 258.1 m 548.25 258.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.25 256.1 m 548.25 256.1 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 269.35 357.33 Td (Thr) Tj ET Q q 0 0 0 rg BT 282.54 357.33 Td (ee Months Ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 350.35 357.33 Td (Thr) Tj ET Q q 0 0 0 rg BT 363.54 357.33 Td (ee Months Ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 438.20 357.33 Td (Year Ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 498.70 357.33 Td (Year Ended) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 69.75 344.50 Td (Cash Inflows \(Outflows\) by Activity:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 282.50 345.18 Td (June 30, 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 363.50 345.18 Td (June 30, 2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 435.00 345.18 Td (June 30, 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 495.50 345.18 Td (June 30, 2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 69.75 333.05 Td (Operating activities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 326.05 333.05 Td (7,525) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 406.05 333.05 Td (1,378) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 458.35 333.05 Td (\(21,291) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 483.05 333.05 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.05 333.05 Td (22,326) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 69.75 321.05 Td (Proceeds from \(repayment of\) bank indebtedness) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 323.35 321.05 Td (\(3,358) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 344.05 321.05 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 416.05 321.05 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 475.05 321.05 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.35 321.05 Td (\(4,930) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 545.05 321.05 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 69.75 309.05 Td (Proceeds from \(repayment of\) interim production financing) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 326.05 309.05 Td (3,559) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 402.05 309.05 Td (13,069) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 461.05 309.05 Td (24,261) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.05 309.05 Td (16,948) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 69.75 297.05 Td (Decrease in restricted cash) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 336.05 297.05 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 416.05 297.05 Td (28) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 475.05 297.05 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 537.05 297.05 Td (32) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 69.75 285.05 Td (Exclude effect of capital transaction on bank indebtedness) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 336.05 285.05 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 416.05 285.05 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 475.05 285.05 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.05 285.05 Td (10,310) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 69.75 273.05 Td (Acquisition costs, net of estimated taxes) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 336.05 273.05 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 412.05 273.05 Td (129) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 475.05 273.05 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 527.05 273.05 Td (4,425) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 69.75 261.05 Td (Adjusted Operating Activities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 326.05 261.05 Td (7,726) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 402.05 261.05 Td (14,604) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.05 261.05 Td (2,970) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.05 261.05 Td (49,111) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 239.60 Td (Changes in Cash) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 221.60 Td (Cash ) Tj ET Q q 0 0 0 rg BT 90.00 221.60 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.72 221.60 Td (June30, ) Tj ET Q q 0 0 0 rg BT 135.55 221.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.55 221.60 Td ( ) Tj ET Q q 0 0 0 rg BT 158.05 221.60 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.10 221.60 Td ($80.45 ) Tj ET Q q 0 0 0 rg BT 206.10 221.60 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.99 221.60 Td (, ) Tj ET Q q 0 0 0 rg BT 239.99 221.60 Td (as ) Tj ET Q q 0 0 0 rg BT 250.82 221.60 Td (compared ) Tj ET Q q 0 0 0 rg BT 292.74 221.60 Td (to ) Tj ET Q q 0 0 0 rg BT 303.02 221.60 Td ($42.91 ) Tj ET Q q 0 0 0 rg BT 333.02 221.60 Td (million ) Tj ET Q q 0 0 0 rg BT 364.41 221.60 Td (at ) Tj ET Q q 0 0 0 rg BT 374.13 221.60 Td (June30, ) Tj ET Q q 0 0 0 rg BT 409.96 221.60 Td (2015. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 203.60 Td (For ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.22 203.60 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 110.93 203.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.93 203.60 Td (, ) Tj ET Q q 0 0 0 rg BT 136.25 203.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 156.84 203.60 Td (flows ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.89 203.60 Td (used ) Tj ET Q q 0 0 0 rg BT 203.04 203.60 Td (in) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.82 203.60 Td ( ) Tj ET Q q 0 0 0 rg BT 213.64 203.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 254.23 203.60 Td (activities ) Tj ET Q q 0 0 0 rg BT 293.15 203.60 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.41 203.60 Td ($21.29 ) Tj ET Q q 0 0 0 rg BT 345.73 203.60 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.62 203.60 Td (. ) Tj ET Q q 0 0 0 rg BT 379.94 203.60 Td (Cash ) Tj ET Q q 0 0 0 rg BT 402.77 203.60 Td (flows ) Tj ET Q q 0 0 0 rg BT 427.81 203.60 Td (from ) Tj ET Q q 0 0 0 rg BT 450.08 203.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 490.66 203.60 Td (activities ) Tj ET Q q 0 0 0 rg BT 529.59 203.60 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 191.60 Td (net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.62 191.60 Td (income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.05 191.60 Td ( ) Tj ET Q q 0 0 0 rg BT 96.96 191.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.19 191.60 Td ($27.67 ) Tj ET Q q 0 0 0 rg BT 138.59 191.60 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.48 191.60 Td ( ) Tj ET Q q 0 0 0 rg BT 170.39 191.60 Td (and ) Tj ET Q q 0 0 0 rg BT 187.73 191.60 Td (adding ) Tj ET Q q 0 0 0 rg BT 217.85 191.60 Td (back ) Tj ET Q q 0 0 0 rg BT 239.63 191.60 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 278.63 191.60 Td (items ) Tj ET Q q 0 0 0 rg BT 303.20 191.60 Td (of ) Tj ET Q q 0 0 0 rg BT 314.43 191.60 Td (amortization ) Tj ET Q q 0 0 0 rg BT 367.87 191.60 Td (of ) Tj ET Q q 0 0 0 rg BT 379.10 191.60 Td (P&E, ) Tj ET Q q 0 0 0 rg BT 403.95 191.60 Td (intangible ) Tj ET Q q 0 0 0 rg BT 446.85 191.60 Td (assets, ) Tj ET Q q 0 0 0 rg BT 475.58 191.60 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 520.12 191.60 Td (foreign ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 179.60 Td (exchange ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.82 179.60 Td (loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.38 179.60 Td (, ) Tj ET Q q 0 0 0 rg BT 110.45 179.60 Td (finance ) Tj ET Q q 0 0 0 rg BT 142.44 179.60 Td (fee ) Tj ET Q q 0 0 0 rg BT 157.21 179.60 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 198.37 179.60 Td (write-down ) Tj ET Q q 0 0 0 rg BT 247.04 179.60 Td (of ) Tj ET Q q 0 0 0 rg BT 257.94 179.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 287.70 179.60 Td (investment ) Tj ET Q q 0 0 0 rg BT 334.15 179.60 Td (in ) Tj ET Q q 0 0 0 rg BT 344.50 179.60 Td (film ) Tj ET Q q 0 0 0 rg BT 363.73 179.60 Td (and ) Tj ET Q q 0 0 0 rg BT 380.73 179.60 Td (television ) Tj ET Q q 0 0 0 rg BT 422.18 179.60 Td (programs, ) Tj ET Q q 0 0 0 rg BT 465.01 179.60 Td (amortization ) Tj ET Q q 0 0 0 rg BT 518.12 179.60 Td (of ) Tj ET Q q 0 0 0 rg BT 529.01 179.60 Td (bond ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 167.60 Td (premium, ) Tj ET Q q 0 0 0 rg BT 90.10 167.60 Td (movement ) Tj ET Q q 0 0 0 rg BT 134.31 167.60 Td (in ) Tj ET Q q 0 0 0 rg BT 144.08 167.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 159.96 167.60 Td (value ) Tj ET Q q 0 0 0 rg BT 183.61 167.60 Td (of ) Tj ET Q q 0 0 0 rg BT 193.94 167.60 Td (the ) Tj ET Q q 0 0 0 rg BT 208.15 167.60 Td (embedded ) Tj ET Q q 0 0 0 rg BT 251.24 167.60 Td (derivatives, ) Tj ET Q q 0 0 0 rg BT 299.61 167.60 Td (tangible ) Tj ET Q q 0 0 0 rg BT 333.82 167.60 Td (benefit ) Tj ET Q q 0 0 0 rg BT 363.58 167.60 Td (related ) Tj ET Q q 0 0 0 rg BT 392.78 167.60 Td (accretion ) Tj ET Q q 0 0 0 rg BT 431.42 167.60 Td (expense, ) Tj ET Q q 0 0 0 rg BT 468.12 167.60 Td (debt ) Tj ET Q q 0 0 0 rg BT 487.34 167.60 Td (extinguishment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 155.60 Td (char) Tj ET Q q 0 0 0 rg BT 66.53 155.60 Td (ge, ) Tj ET Q q 0 0 0 rg BT 81.34 155.60 Td (and ) Tj ET Q q 0 0 0 rg BT 98.65 155.60 Td (share-based ) Tj ET Q q 0 0 0 rg BT 148.71 155.60 Td (compensation ) Tj ET Q q 0 0 0 rg BT 207.13 155.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.33 155.60 Td ($4.49 ) Tj ET Q q 0 0 0 rg BT 243.70 155.60 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.59 155.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.96 155.60 Td ($10.03 ) Tj ET Q q 0 0 0 rg BT 308.33 155.60 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.22 155.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.60 155.60 Td ($12.57 ) Tj ET Q q 0 0 0 rg BT 372.97 155.60 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.86 155.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.23 155.60 Td ($1.64 ) Tj ET Q q 0 0 0 rg BT 432.60 155.60 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.49 155.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.86 155.60 Td ($1.75 ) Tj ET Q q 0 0 0 rg BT 492.23 155.60 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.13 155.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.50 155.60 Td ($0.07 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 143.60 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.39 143.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 83.75 143.60 Td ($1.95 ) Tj ET Q q 0 0 0 rg BT 109.11 143.60 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.00 143.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 143.36 143.60 Td ($0.49 ) Tj ET Q q 0 0 0 rg BT 168.72 143.60 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.62 143.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.98 143.60 Td ($1.36 ) Tj ET Q q 0 0 0 rg BT 228.34 143.60 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.23 143.60 Td (, ) Tj ET Q q 0 0 0 rg BT 262.59 143.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.89 143.60 Td ($5.98 ) Tj ET Q q 0 0 0 rg BT 305.25 143.60 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.14 143.60 Td (, ) Tj ET Q q 0 0 0 rg BT 339.50 143.60 Td (respectively) Tj ET Q q 0 0 0 rg BT 387.16 143.60 Td (. ) Tj ET Q q 0 0 0 rg BT 392.52 143.60 Td (Cash ) Tj ET Q q 0 0 0 rg BT 415.38 143.60 Td (flows ) Tj ET Q q 0 0 0 rg BT 440.46 143.60 Td (used ) Tj ET Q q 0 0 0 rg BT 461.65 143.60 Td (in ) Tj ET Q q 0 0 0 rg BT 472.29 143.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 512.92 143.60 Td (activities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 131.60 Td (were ) Tj ET Q q 0 0 0 rg BT 71.26 131.60 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.26 131.60 Td ($25.65 ) Tj ET Q q 0 0 0 rg BT 115.10 131.60 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 143.99 131.60 Td ( ) Tj ET Q q 0 0 0 rg BT 146.32 131.60 Td (for ) Tj ET Q q 0 0 0 rg BT 160.32 131.60 Td (net ) Tj ET Q q 0 0 0 rg BT 174.87 131.60 Td (change ) Tj ET Q q 0 0 0 rg BT 205.52 131.60 Td (in ) Tj ET Q q 0 0 0 rg BT 215.63 131.60 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 254.07 131.60 Td (balances ) Tj ET Q q 0 0 0 rg BT 290.83 131.60 Td (related ) Tj ET Q q 0 0 0 rg BT 320.37 131.60 Td (to ) Tj ET Q q 0 0 0 rg BT 330.48 131.60 Td (operations, ) Tj ET Q q 0 0 0 rg BT 376.97 131.60 Td (which ) Tj ET Q q 0 0 0 rg BT 403.74 131.60 Td (includes ) Tj ET Q q 0 0 0 rg BT 439.40 131.60 Td (an ) Tj ET Q q 0 0 0 rg BT 451.18 131.60 Td (outflow ) Tj ET Q q 0 0 0 rg BT 484.62 131.60 Td (of ) Tj ET Q q 0 0 0 rg BT 495.29 131.60 Td ($3.68 ) Tj ET Q q 0 0 0 rg BT 520.12 131.60 Td (million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 119.60 Td (in ) Tj ET Q q 0 0 0 rg BT 59.78 119.60 Td (T) Tj ET Q q 0 0 0 rg BT 65.19 119.60 Td (angible ) Tj ET Q q 0 0 0 rg BT 97.32 119.60 Td (Benefit ) Tj ET Q q 0 0 0 rg BT 129.45 119.60 Td (Obligation ) Tj ET Q q 0 0 0 rg BT 174.93 119.60 Td (payments ) Tj ET Q q 0 0 0 rg BT 215.95 119.60 Td (made ) Tj ET Q q 0 0 0 rg BT 240.30 119.60 Td (during ) Tj ET Q q 0 0 0 rg BT 269.11 119.60 Td (the ) Tj ET Q q 0 0 0 rg BT 284.02 119.60 Td (year) Tj ET Q q 0 0 0 rg BT 300.83 119.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.03 119.60 Td ($1) Tj ET Q q 0 0 0 rg BT 315.66 119.60 Td (1.81 ) Tj ET Q q 0 0 0 rg BT 335.85 119.60 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.74 119.60 Td ( ) Tj ET Q q 0 0 0 rg BT 367.44 119.60 Td (for ) Tj ET Q q 0 0 0 rg BT 381.80 119.60 Td (deferred ) Tj ET Q q 0 0 0 rg BT 417.80 119.60 Td (income ) Tj ET Q q 0 0 0 rg BT 449.94 119.60 Td (tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.85 119.60 Td (recovery) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.18 119.60 Td (, ) Tj ET Q q 0 0 0 rg BT 504.37 119.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.51 119.60 Td ($51.84 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 107.60 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.39 107.60 Td ( ) Tj ET Q q 0 0 0 rg BT 81.06 107.60 Td (for ) Tj ET Q q 0 0 0 rg BT 95.40 107.60 Td (net ) Tj ET Q q 0 0 0 rg BT 110.29 107.60 Td (change ) Tj ET Q q 0 0 0 rg BT 141.27 107.60 Td (investment ) Tj ET Q q 0 0 0 rg BT 187.83 107.60 Td (in ) Tj ET Q q 0 0 0 rg BT 198.28 107.60 Td (film ) Tj ET Q q 0 0 0 rg BT 217.62 107.60 Td (and ) Tj ET Q q 0 0 0 rg BT 234.73 107.60 Td (television ) Tj ET Q q 0 0 0 rg BT 276.28 107.60 Td (programs. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 319.22 107.60 Td (The ) Tj ET Q q 0 0 0 rg BT 336.89 107.60 Td (net ) Tj ET Q q 0 0 0 rg BT 351.78 107.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 372.79 107.60 Td (outflow ) Tj ET Q q 0 0 0 rg BT 405.46 107.60 Td (fr) Tj ET Q q 0 0 0 rg BT 411.76 107.60 Td (om ) Tj ET Q q 0 0 0 rg BT 426.66 107.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 472.11 107.60 Td (for ) Tj ET Q q 0 0 0 rg BT 486.45 107.60 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 501.34 107.60 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 529.01 107.60 Td (2016) Tj ET Q BT /F3 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 95.60 Td (is ) Tj ET Q q 0 0 0 rg BT 58.71 95.60 Td (a ) Tj ET Q q 0 0 0 rg BT 66.25 95.60 Td (dir) Tj ET Q q 0 0 0 rg BT 77.55 95.60 Td (ect ) Tj ET Q q 0 0 0 rg BT 91.75 95.60 Td (r) Tj ET Q q 0 0 0 rg BT 95.27 95.60 Td (esult ) Tj ET Q q 0 0 0 rg BT 116.70 95.60 Td (of ) Tj ET Q q 0 0 0 rg BT 127.02 95.60 Td (i\) ) Tj ET Q q 0 0 0 rg BT 135.67 95.60 Td (the ) Tj ET Q q 0 0 0 rg BT 150.43 95.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 191.30 95.60 Td (making ) Tj ET Q q 0 0 0 rg BT 223.28 95.60 Td (a ) Tj ET Q q 0 0 0 rg BT 230.82 95.60 Td (decision ) Tj ET Q q 0 0 0 rg BT 266.69 95.60 Td (to ) Tj ET Q q 0 0 0 rg BT 277.00 95.60 Td (ramp ) Tj ET Q q 0 0 0 rg BT 300.66 95.60 Td (up ) Tj ET Q q 0 0 0 rg BT 313.20 95.60 Td (its ) Tj ET Q q 0 0 0 rg BT 325.19 95.60 Td (pr) Tj ET Q q 0 0 0 rg BT 333.71 95.60 Td (oduction ) Tj ET Q q 0 0 0 rg BT 371.25 95.60 Td (activities ) Tj ET Q q 0 0 0 rg BT 409.89 95.60 Td (at ) Tj ET Q q 0 0 0 rg BT 420.21 95.60 Td (a ) Tj ET Q q 0 0 0 rg BT 427.75 95.60 Td (time ) Tj ET Q q 0 0 0 rg BT 447.51 95.60 Td (when ) Tj ET Q q 0 0 0 rg BT 471.16 95.60 Td (demand ) Tj ET Q q 0 0 0 rg BT 505.36 95.60 Td (for ) Tj ET Q q 0 0 0 rg BT 519.57 95.60 Td (content ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 83.60 Td (is ) Tj ET Q q 0 0 0 rg BT 58.66 83.60 Td (r) Tj ET Q q 0 0 0 rg BT 62.18 83.60 Td (obust, ) Tj ET Q q 0 0 0 rg BT 88.84 83.60 Td (and ) Tj ET Q q 0 0 0 rg BT 106.33 83.60 Td (ii\) ) Tj ET Q q 0 0 0 rg BT 117.70 83.60 Td (the ) Tj ET Q q 0 0 0 rg BT 132.41 83.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 173.23 83.60 Td (acquiring ) Tj ET Q q 0 0 0 rg BT 214.61 83.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 258.21 83.60 Td (content ) Tj ET Q q 0 0 0 rg BT 290.13 83.60 Td (as ) Tj ET Q q 0 0 0 rg BT 301.51 83.60 Td (part ) Tj ET Q q 0 0 0 rg BT 320.67 83.60 Td (of ) Tj ET Q q 0 0 0 rg BT 330.94 83.60 Td (the ) Tj ET Q q 0 0 0 rg BT 345.64 83.60 Td (r) Tj ET Q q 0 0 0 rg BT 349.17 83.60 Td (ebranding ) Tj ET Q q 0 0 0 rg BT 392.76 83.60 Td (of ) Tj ET Q q 0 0 0 rg BT 403.03 83.60 Td (DHX ) Tj ET Q q 0 0 0 rg BT 426.07 83.60 Td (T) Tj ET Q q 0 0 0 rg BT 430.71 83.60 Td (elevision. ) Tj ET Q q 0 0 0 rg BT 471.25 83.60 Td (Specifically) Tj ET Q q 0 0 0 rg BT 517.34 83.60 Td (, ) Tj ET Q q 0 0 0 rg BT 522.33 83.60 Td (during ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 71.60 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 76.91 71.60 Td (2016) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 96.91 71.60 Td (, ) Tj ET Q q 0 0 0 rg BT 101.82 71.60 Td (the ) Tj ET Q q 0 0 0 rg BT 116.46 71.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 157.20 71.60 Td (had ) Tj ET Q q 0 0 0 rg BT 174.61 71.60 Td (episodic ) Tj ET Q q 0 0 0 rg BT 210.35 71.60 Td (deliveries ) Tj ET Q q 0 0 0 rg BT 251.64 71.60 Td (for ) Tj ET Q q 0 0 0 rg BT 265.73 71.60 Td (thirteen ) Tj ET Q q 0 0 0 rg BT 299.24 71.60 Td (pr) Tj ET Q q 0 0 0 rg BT 307.76 71.60 Td (oprietary ) Tj ET Q q 0 0 0 rg BT 347.40 71.60 Td (series', ) Tj ET Q q 0 0 0 rg BT 377.78 71.60 Td (including ) Tj ET Q q 0 0 0 rg BT 417.97 71.60 Td (six ) Tj ET Q q 0 0 0 rg BT 431.49 71.60 Td (live ) Tj ET Q q 0 0 0 rg BT 448.34 71.60 Td (action ) Tj ET Q q 0 0 0 rg BT 475.75 71.60 Td (series' ) Tj ET Q q 0 0 0 rg BT 503.63 71.60 Td (\(see ) Tj ET Q q 0 0 0 rg BT 522.14 71.60 Td (page ) Tj ET Q q 0 0 0 rg BT 544.00 71.60 Td (8 ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 59.60 Td (for ) Tj ET Q q 0 0 0 rg BT 63.32 59.60 Td (details ) Tj ET Q q 0 0 0 rg BT 92.13 59.60 Td (of ) Tj ET Q q 0 0 0 rg BT 102.05 59.60 Td (deliveries\). ) Tj ET Q q 0 0 0 rg BT 148.74 59.60 Td (At ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 159.78 59.60 Td (June ) Tj ET Q q 0 0 0 rg BT 180.80 59.60 Td (30, ) Tj ET Q q 0 0 0 rg BT 195.45 59.60 Td (2016) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 215.45 59.60 Td (, ) Tj ET Q q 0 0 0 rg BT 220.09 59.60 Td (the ) Tj ET Q q 0 0 0 rg BT 234.45 59.60 Td (net ) Tj ET Q q 0 0 0 rg BT 248.82 59.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 267.07 59.60 Td (of ) Tj ET Q q 0 0 0 rg BT 277.00 59.60 Td (the ) Tj ET Q q 0 0 0 rg BT 291.36 59.60 Td (Company's ) Tj ET Q q 0 0 0 rg BT 337.87 59.60 Td (pr) Tj ET Q q 0 0 0 rg BT 346.39 59.60 Td (oductions ) Tj ET Q q 0 0 0 rg BT 387.42 59.60 Td (in ) Tj ET Q q 0 0 0 rg BT 397.34 59.60 Td (pr) Tj ET Q q 0 0 0 rg BT 405.86 59.60 Td (ogr) Tj ET Q q 0 0 0 rg BT 419.38 59.60 Td (ess ) Tj ET Q q 0 0 0 rg BT 433.75 59.60 Td (\(r) Tj ET Q q 0 0 0 rg BT 440.60 59.60 Td (efer ) Tj ET Q q 0 0 0 rg BT 458.29 59.60 Td (to ) Tj ET Q q 0 0 0 rg BT 468.22 59.60 Td (note ) Tj ET Q q 0 0 0 rg BT 487.58 59.60 Td (7 ) Tj ET Q q 0 0 0 rg BT 494.73 59.60 Td (to ) Tj ET Q q 0 0 0 rg BT 504.65 59.60 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 519.02 59.60 Td (audited ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 47.60 Td (consolidated) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 100.60 47.60 Td ( ) Tj ET Q q 0 0 0 rg BT 103.12 47.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 141.18 47.60 Td (statements ) Tj ET Q q 0 0 0 rg BT 185.92 47.60 Td (for ) Tj ET Q q 0 0 0 rg BT 200.10 47.60 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 214.83 47.60 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 242.34 47.60 Td (2016) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 262.34 47.60 Td (\) ) Tj ET Q q 0 0 0 rg BT 268.19 47.60 Td (was ) Tj ET Q q 0 0 0 rg BT 286.26 47.60 Td ($25.1 ) Tj ET Q q 0 0 0 rg BT 311.28 47.60 Td (million, ) Tj ET Q q 0 0 0 rg BT 344.63 47.60 Td (at ) Tj ET Q q 0 0 0 rg BT 354.92 47.60 Td (June ) Tj ET Q q 0 0 0 rg BT 376.31 47.60 Td (30, ) Tj ET Q q 0 0 0 rg BT 391.33 47.60 Td (2015 ) Tj ET Q q 0 0 0 rg BT 413.84 47.60 Td (the ) Tj ET Q q 0 0 0 rg BT 428.57 47.60 Td (balance ) Tj ET Q q 0 0 0 rg BT 462.74 47.60 Td (was ) Tj ET Q q 0 0 0 rg BT 480.82 47.60 Td ($23.2 ) Tj ET Q q 0 0 0 rg BT 505.83 47.60 Td (million. ) Tj ET Q q 0 0 0 rg BT 539.00 47.60 Td (As ) Tj ET Q endstream endobj 37 0 obj <> endobj 38 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6 0.6 0.6 rg BT 301.00 31.60 Td (18) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 49.50 742.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 87.47 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 105.47 742.10 Td (as ) Tj ET Q q 0 0 0 rg BT 117.36 742.10 Td (pr) Tj ET Q q 0 0 0 rg BT 125.88 742.10 Td (eviously ) Tj ET Q q 0 0 0 rg BT 161.65 742.10 Td (indicated, ) Tj ET Q q 0 0 0 rg BT 204.36 742.10 Td (both ) Tj ET Q q 0 0 0 rg BT 225.14 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 240.36 742.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 261.69 742.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 285.81 742.10 Td (fr) Tj ET Q q 0 0 0 rg BT 292.10 742.10 Td (om ) Tj ET Q q 0 0 0 rg BT 307.33 742.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 349.21 742.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 388.31 742.10 Td (\($7.53 ) Tj ET Q q 0 0 0 rg BT 417.14 742.10 Td (million\) ) Tj ET Q q 0 0 0 rg BT 451.81 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 469.81 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 485.03 742.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 506.36 742.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 530.48 742.10 Td (fr) Tj ET Q q 0 0 0 rg BT 536.78 742.10 Td (om ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 730.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 85.89 730.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 127.27 730.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 165.87 730.10 Td (\($7.73 ) Tj ET Q q 0 0 0 rg BT 194.20 730.10 Td (million\) ) Tj ET Q q 0 0 0 rg BT 228.37 730.10 Td (wer) Tj ET Q q 0 0 0 rg BT 243.00 730.10 Td (e ) Tj ET Q q 0 0 0 rg BT 249.93 730.10 Td (positive ) Tj ET Q q 0 0 0 rg BT 283.54 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 293.82 730.10 Td (Q4 ) Tj ET Q q 0 0 0 rg BT 308.54 730.10 Td (2016. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 67.50 712.10 Td (As ) Tj ET Q q 0 0 0 rg BT 80.02 712.10 Td (indicated ) Tj ET Q q 0 0 0 rg BT 119.76 712.10 Td (in ) Tj ET Q q 0 0 0 rg BT 130.06 712.10 Td (the ) Tj ET Q q 0 0 0 rg BT 144.79 712.10 Td ("Outlook" ) Tj ET Q q 0 0 0 rg BT 187.93 712.10 Td (section ) Tj ET Q q 0 0 0 rg BT 218.78 712.10 Td (of ) Tj ET Q q 0 0 0 rg BT 229.08 712.10 Td (this ) Tj ET Q q 0 0 0 rg BT 246.05 712.10 Td (MD&A, ) Tj ET Q q 0 0 0 rg BT 280.51 712.10 Td (the ) Tj ET Q q 0 0 0 rg BT 295.25 712.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 336.10 712.10 Td (has ) Tj ET Q q 0 0 0 rg BT 352.51 712.10 Td (a ) Tj ET Q q 0 0 0 rg BT 360.04 712.10 Td (r) Tj ET Q q 0 0 0 rg BT 363.56 712.10 Td (obust ) Tj ET Q q 0 0 0 rg BT 387.75 712.10 Td (pr) Tj ET Q q 0 0 0 rg BT 396.27 712.10 Td (oprietary ) Tj ET Q q 0 0 0 rg BT 436.01 712.10 Td (pr) Tj ET Q q 0 0 0 rg BT 444.53 712.10 Td (oduction ) Tj ET Q q 0 0 0 rg BT 482.05 712.10 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 516.78 712.10 Td (planned ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 700.10 Td (for ) Tj ET Q q 0 0 0 rg BT 62.96 700.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 89.75 700.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 114.05 700.10 Td (and ) Tj ET Q q 0 0 0 rg BT 130.84 700.10 Td (accor) Tj ET Q q 0 0 0 rg BT 153.24 700.10 Td (dingly) Tj ET Q q 0 0 0 rg BT 177.68 700.10 Td (, ) Tj ET Q q 0 0 0 rg BT 181.98 700.10 Td (expects ) Tj ET Q q 0 0 0 rg BT 213.20 700.10 Td (to ) Tj ET Q q 0 0 0 rg BT 222.77 700.10 Td (make ) Tj ET Q q 0 0 0 rg BT 245.66 700.10 Td (a ) Tj ET Q q 0 0 0 rg BT 252.46 700.10 Td (net ) Tj ET Q q 0 0 0 rg BT 266.47 700.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 311.03 700.10 Td (in ) Tj ET Q q 0 0 0 rg BT 320.60 700.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 365.16 700.10 Td (in ) Tj ET Q q 0 0 0 rg BT 374.73 700.10 Td (film ) Tj ET Q q 0 0 0 rg BT 392.08 700.10 Td (and ) Tj ET Q q 0 0 0 rg BT 408.88 700.10 Td (television ) Tj ET Q q 0 0 0 rg BT 448.99 700.10 Td (pr) Tj ET Q q 0 0 0 rg BT 457.51 700.10 Td (ograms ) Tj ET Q q 0 0 0 rg BT 489.31 700.10 Td (of ) Tj ET Q q 0 0 0 rg BT 498.88 700.10 Td (an ) Tj ET Q q 0 0 0 rg BT 510.68 700.10 Td (estimated ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 688.10 Td ($15-25 ) Tj ET Q q 0 0 0 rg BT 79.56 688.10 Td (million ) Tj ET Q q 0 0 0 rg BT 109.63 688.10 Td (for ) Tj ET Q q 0 0 0 rg BT 123.03 688.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 149.76 688.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 173.99 688.10 Td (and ) Tj ET Q q 0 0 0 rg BT 190.72 688.10 Td (a ) Tj ET Q q 0 0 0 rg BT 197.46 688.10 Td (smaller) Tj ET Q q 0 0 0 rg BT 226.35 688.10 Td (, ) Tj ET Q q 0 0 0 rg BT 230.58 688.10 Td (temporary ) Tj ET Q q 0 0 0 rg BT 273.97 688.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 318.47 688.10 Td (of ) Tj ET Q q 0 0 0 rg BT 327.98 688.10 Td (working ) Tj ET Q q 0 0 0 rg BT 362.49 688.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 392.00 688.10 Td (into ) Tj ET Q q 0 0 0 rg BT 409.29 688.10 Td (pr) Tj ET Q q 0 0 0 rg BT 417.81 688.10 Td (oduction, ) Tj ET Q q 0 0 0 rg BT 457.03 688.10 Td (as ) Tj ET Q q 0 0 0 rg BT 467.66 688.10 Td (pr) Tj ET Q q 0 0 0 rg BT 476.18 688.10 Td (oduction ) Tj ET Q q 0 0 0 rg BT 512.91 688.10 Td (activities ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 676.10 Td (ramp ) Tj ET Q q 0 0 0 rg BT 73.11 676.10 Td (in ) Tj ET Q q 0 0 0 rg BT 83.39 676.10 Td (the ) Tj ET Q q 0 0 0 rg BT 98.11 676.10 Td (first ) Tj ET Q q 0 0 0 rg BT 116.73 676.10 Td (half ) Tj ET Q q 0 0 0 rg BT 134.78 676.10 Td (of ) Tj ET Q q 0 0 0 rg BT 145.06 676.10 Td (the ) Tj ET Q q 0 0 0 rg BT 159.78 676.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 187.27 676.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 212.27 676.10 Td (and ) Tj ET Q q 0 0 0 rg BT 229.77 676.10 Td (further ) Tj ET Q q 0 0 0 rg BT 260.05 676.10 Td (expects ) Tj ET Q q 0 0 0 rg BT 291.98 676.10 Td (that ) Tj ET Q q 0 0 0 rg BT 310.03 676.10 Td (tr) Tj ET Q q 0 0 0 rg BT 316.33 676.10 Td (end ) Tj ET Q q 0 0 0 rg BT 333.27 676.10 Td (to ) Tj ET Q q 0 0 0 rg BT 343.55 676.10 Td (r) Tj ET Q q 0 0 0 rg BT 347.07 676.10 Td (everse ) Tj ET Q q 0 0 0 rg BT 375.11 676.10 Td (during ) Tj ET Q q 0 0 0 rg BT 404.28 676.10 Td (the ) Tj ET Q q 0 0 0 rg BT 418.99 676.10 Td (second ) Tj ET Q q 0 0 0 rg BT 449.26 676.10 Td (half ) Tj ET Q q 0 0 0 rg BT 467.32 676.10 Td (of ) Tj ET Q q 0 0 0 rg BT 477.60 676.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 505.09 676.10 Td (2017.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 658.10 Td (The ) Tj ET Q q 0 0 0 rg BT 84.38 658.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 124.60 658.10 Td (expects ) Tj ET Q q 0 0 0 rg BT 155.92 658.10 Td (to ) Tj ET Q q 0 0 0 rg BT 165.04 658.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 200.80 658.10 Td (to ) Tj ET Q q 0 0 0 rg BT 209.92 658.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 239.01 658.10 Td (from ) Tj ET Q q 0 0 0 rg BT 259.79 658.10 Td (its ) Tj ET Q q 0 0 0 rg BT 270.57 658.10 Td (advantageous ) Tj ET Q q 0 0 0 rg BT 326.33 658.10 Td (proprietary ) Tj ET Q q 0 0 0 rg BT 372.09 658.10 Td (production ) Tj ET Q q 0 0 0 rg BT 416.75 658.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 449.19 658.10 Td (model, ) Tj ET Q q 0 0 0 rg BT 478.02 658.10 Td (but ) Tj ET Q q 0 0 0 rg BT 492.13 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 505.68 658.10 Td (production ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 646.10 Td (of ) Tj ET Q q 0 0 0 rg BT 59.96 646.10 Td (content ) Tj ET Q q 0 0 0 rg BT 91.52 646.10 Td (requires ) Tj ET Q q 0 0 0 rg BT 125.85 646.10 Td (capital. ) Tj ET Q q 0 0 0 rg BT 156.97 646.10 Td (T) Tj ET Q q 0 0 0 rg BT 162.38 646.10 Td (ypically) Tj ET Q q 0 0 0 rg BT 193.95 646.10 Td (, ) Tj ET Q q 0 0 0 rg BT 198.57 646.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 258.46 646.10 Td (60 ) Tj ET Q q 0 0 0 rg BT 270.58 646.10 Td (- ) Tj ET Q q 0 0 0 rg BT 276.04 646.10 Td (80% ) Tj ET Q q 0 0 0 rg BT 296.50 646.10 Td (of ) Tj ET Q q 0 0 0 rg BT 306.95 646.10 Td (proprietary ) Tj ET Q q 0 0 0 rg BT 353.50 646.10 Td (production ) Tj ET Q q 0 0 0 rg BT 398.96 646.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 432.73 646.10 Td (is ) Tj ET Q q 0 0 0 rg BT 441.52 646.10 Td (collected ) Tj ET Q q 0 0 0 rg BT 479.74 646.10 Td (within ) Tj ET Q q 0 0 0 rg BT 507.42 646.10 Td (12 ) Tj ET Q q 0 0 0 rg BT 519.55 646.10 Td (months ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 634.10 Td (of ) Tj ET Q q 0 0 0 rg BT 59.73 634.10 Td (delivery) Tj ET Q q 0 0 0 rg BT 91.85 634.10 Td (. ) Tj ET Q q 0 0 0 rg BT 96.11 634.10 Td (The ) Tj ET Q q 0 0 0 rg BT 113.56 634.10 Td (majority ) Tj ET Q q 0 0 0 rg BT 149.35 634.10 Td (of ) Tj ET Q q 0 0 0 rg BT 159.58 634.10 Td (proprietary ) Tj ET Q q 0 0 0 rg BT 205.91 634.10 Td (production ) Tj ET Q q 0 0 0 rg BT 251.14 634.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 273.04 634.10 Td (are ) Tj ET Q q 0 0 0 rg BT 287.15 634.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 322.37 634.10 Td (during ) Tj ET Q q 0 0 0 rg BT 350.38 634.10 Td (production, ) Tj ET Q q 0 0 0 rg BT 398.11 634.10 Td (while ) Tj ET Q q 0 0 0 rg BT 422.23 634.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 440.24 634.10 Td (reductions ) Tj ET Q q 0 0 0 rg BT 483.80 634.10 Td (\(i.e. ) Tj ET Q q 0 0 0 rg BT 501.25 634.10 Td (government ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 622.10 Td (assistance\) ) Tj ET Q q 0 0 0 rg BT 96.22 622.10 Td (are ) Tj ET Q q 0 0 0 rg BT 111.82 622.10 Td (received ) Tj ET Q q 0 0 0 rg BT 149.08 622.10 Td (within ) Tj ET Q q 0 0 0 rg BT 178.04 622.10 Td (6 ) Tj ET Q q 0 0 0 rg BT 186.44 622.10 Td (- ) Tj ET Q q 0 0 0 rg BT 193.17 622.10 Td (18 ) Tj ET Q q 0 0 0 rg BT 206.57 622.10 Td (months ) Tj ET Q q 0 0 0 rg BT 239.42 622.10 Td (of ) Tj ET Q q 0 0 0 rg BT 251.15 622.10 Td (delivery) Tj ET Q q 0 0 0 rg BT 283.26 622.10 Td (. ) Tj ET Q q 0 0 0 rg BT 288.41 622.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 337.75 622.10 Td (, ) Tj ET Q q 0 0 0 rg BT 343.65 622.10 Td (proprietary ) Tj ET Q q 0 0 0 rg BT 391.47 622.10 Td (production ) Tj ET Q q 0 0 0 rg BT 438.20 622.10 Td (requires ) Tj ET Q q 0 0 0 rg BT 473.80 622.10 Td (working ) Tj ET Q q 0 0 0 rg BT 510.53 622.10 Td (capital. ) Tj ET Q q 0 0 0 rg BT 542.33 622.10 Td (A) Tj ET Q q 0 0 0 rg BT 549.00 622.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 610.10 Td (description ) Tj ET Q q 0 0 0 rg BT 97.63 610.10 Td (of ) Tj ET Q q 0 0 0 rg BT 109.65 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 125.56 610.10 Td (Company) Tj ET Q q 0 0 0 rg BT 167.22 610.10 Td (s ) Tj ET Q q 0 0 0 rg BT 174.81 610.10 Td (advantageous ) Tj ET Q q 0 0 0 rg BT 232.93 610.10 Td (proprietary ) Tj ET Q q 0 0 0 rg BT 281.04 610.10 Td (production ) Tj ET Q q 0 0 0 rg BT 328.06 610.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 362.86 610.10 Td (model ) Tj ET Q q 0 0 0 rg BT 391.55 610.10 Td (is ) Tj ET Q q 0 0 0 rg BT 401.91 610.10 Td (further ) Tj ET Q q 0 0 0 rg BT 432.81 610.10 Td (described ) Tj ET Q q 0 0 0 rg BT 474.82 610.10 Td (on ) Tj ET Q q 0 0 0 rg BT 488.51 610.10 Td (page ) Tj ET Q q 0 0 0 rg BT 511.08 610.10 Td (13 ) Tj ET Q q 0 0 0 rg BT 524.78 610.10 Td (of ) Tj ET Q q 0 0 0 rg BT 536.80 610.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 596.90 Td (Company) Tj ET Q q 0 0 0 rg BT 91.17 596.90 Td (s ) Tj ET Q q 0 0 0 rg BT 97.00 596.90 Td (Annual ) Tj ET Q q 0 0 0 rg BT 128.94 596.90 Td (Information ) Tj ET Q q 0 0 0 rg BT 179.21 596.90 Td (Form ) Tj ET Q q 0 0 0 rg BT 203.38 596.90 Td (for ) Tj ET Q q 0 0 0 rg BT 217.54 596.90 Td (the ) Tj ET Q q 0 0 0 rg BT 232.25 596.90 Td (year ) Tj ET Q q 0 0 0 rg BT 251.96 596.90 Td (ended ) Tj ET Q q 0 0 0 rg BT 278.34 596.90 Td (June ) Tj ET Q q 0 0 0 rg BT 299.17 596.90 Td (30, ) Tj ET Q q 0 0 0 rg BT 314.17 596.90 Td (2016. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 339.17 596.90 Td ( ) Tj ET Q q 0 0 0 rg BT 341.92 596.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 578.90 Td (For ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 83.82 578.90 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 110.14 578.90 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.14 578.90 Td (, ) Tj ET Q q 0 0 0 rg BT 135.07 578.90 Td (cash ) Tj ET Q q 0 0 0 rg BT 155.27 578.90 Td (flows ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.92 578.90 Td (provided ) Tj ET Q q 0 0 0 rg BT 217.90 578.90 Td (by) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.90 578.90 Td ( ) Tj ET Q q 0 0 0 rg BT 230.33 578.90 Td (financing ) Tj ET Q q 0 0 0 rg BT 270.52 578.90 Td (activities ) Tj ET Q q 0 0 0 rg BT 309.05 578.90 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.91 578.90 Td ($78.86 ) Tj ET Q q 0 0 0 rg BT 360.84 578.90 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.74 578.90 Td (. ) Tj ET Q q 0 0 0 rg BT 394.67 578.90 Td (Cash ) Tj ET Q q 0 0 0 rg BT 417.10 578.90 Td (flows ) Tj ET Q q 0 0 0 rg BT 441.75 578.90 Td (used ) Tj ET Q q 0 0 0 rg BT 462.51 578.90 Td (in ) Tj ET Q q 0 0 0 rg BT 472.72 578.90 Td (financing ) Tj ET Q q 0 0 0 rg BT 512.91 578.90 Td (activities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 566.90 Td (resulted ) Tj ET Q q 0 0 0 rg BT 83.74 566.90 Td (from ) Tj ET Q q 0 0 0 rg BT 105.76 566.90 Td (dividends ) Tj ET Q q 0 0 0 rg BT 147.23 566.90 Td (paid ) Tj ET Q q 0 0 0 rg BT 167.03 566.90 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.94 566.90 Td ($7.29 ) Tj ET Q q 0 0 0 rg BT 203.03 566.90 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.92 566.90 Td (, ) Tj ET Q q 0 0 0 rg BT 237.00 566.90 Td (funds ) Tj ET Q q 0 0 0 rg BT 261.80 566.90 Td (used ) Tj ET Q q 0 0 0 rg BT 282.72 566.90 Td (to ) Tj ET Q q 0 0 0 rg BT 293.08 566.90 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 338.97 566.90 Td (and ) Tj ET Q q 0 0 0 rg BT 355.99 566.90 Td (cancel ) Tj ET Q q 0 0 0 rg BT 384.10 566.90 Td (shares ) Tj ET Q q 0 0 0 rg BT 411.68 566.90 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 448.70 566.90 Td (to ) Tj ET Q q 0 0 0 rg BT 459.06 566.90 Td (a ) Tj ET Q q 0 0 0 rg BT 466.08 566.90 Td (normal ) Tj ET Q q 0 0 0 rg BT 496.99 566.90 Td (course ) Tj ET Q q 0 0 0 rg BT 525.67 566.90 Td (issuer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 554.90 Td (bid ) Tj ET Q q 0 0 0 rg BT 64.54 554.90 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.13 554.90 Td ($5.04 ) Tj ET Q q 0 0 0 rg BT 99.89 554.90 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.78 554.90 Td (, ) Tj ET Q q 0 0 0 rg BT 133.54 554.90 Td (and ) Tj ET Q q 0 0 0 rg BT 150.24 554.90 Td (repayments ) Tj ET Q q 0 0 0 rg BT 198.59 554.90 Td (on ) Tj ET Q q 0 0 0 rg BT 210.85 554.90 Td (long ) Tj ET Q q 0 0 0 rg BT 230.89 554.90 Td (term ) Tj ET Q q 0 0 0 rg BT 251.47 554.90 Td (debt ) Tj ET Q q 0 0 0 rg BT 270.95 554.90 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.54 554.90 Td ($91.55 ) Tj ET Q q 0 0 0 rg BT 311.30 554.90 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.19 554.90 Td (. ) Tj ET Q q 0 0 0 rg BT 344.95 554.90 Td (Cash ) Tj ET Q q 0 0 0 rg BT 367.21 554.90 Td (flows ) Tj ET Q q 0 0 0 rg BT 391.69 554.90 Td (from ) Tj ET Q q 0 0 0 rg BT 413.39 554.90 Td (financing ) Tj ET Q q 0 0 0 rg BT 453.41 554.90 Td (activities ) Tj ET Q q 0 0 0 rg BT 491.77 554.90 Td (were ) Tj ET Q q 0 0 0 rg BT 513.46 554.90 Td (provided ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 542.90 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.98 542.90 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 99.99 542.90 Td (from) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 119.43 542.90 Td ( ) Tj ET Q q 0 0 0 rg BT 121.90 542.90 Td (interim ) Tj ET Q q 0 0 0 rg BT 153.26 542.90 Td (production ) Tj ET Q q 0 0 0 rg BT 199.06 542.90 Td (financing ) Tj ET Q q 0 0 0 rg BT 239.30 542.90 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.11 542.90 Td ($24.26 ) Tj ET Q q 0 0 0 rg BT 280.08 542.90 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.97 542.90 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.95 542.90 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 351.96 542.90 Td (from) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.40 542.90 Td ( ) Tj ET Q q 0 0 0 rg BT 373.88 542.90 Td (long-term ) Tj ET Q q 0 0 0 rg BT 415.78 542.90 Td (debt ) Tj ET Q q 0 0 0 rg BT 435.48 542.90 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.28 542.90 Td ($94.12 ) Tj ET Q q 0 0 0 rg BT 476.26 542.90 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.15 542.90 Td (, ) Tj ET Q q 0 0 0 rg BT 510.13 542.90 Td (employee ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 530.90 Td (share ) Tj ET Q q 0 0 0 rg BT 73.20 530.90 Td (purchase ) Tj ET Q q 0 0 0 rg BT 111.33 530.90 Td (plan ) Tj ET Q q 0 0 0 rg BT 131.15 530.90 Td (and ) Tj ET Q q 0 0 0 rg BT 148.18 530.90 Td (options ) Tj ET Q q 0 0 0 rg BT 180.23 530.90 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 218.36 530.90 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.29 530.90 Td ($3.01 ) Tj ET Q q 0 0 0 rg BT 254.39 530.90 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.28 530.90 Td (, ) Tj ET Q q 0 0 0 rg BT 288.38 530.90 Td (and ) Tj ET Q q 0 0 0 rg BT 305.41 530.90 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 343.55 530.90 Td (from ) Tj ET Q q 0 0 0 rg BT 365.58 530.90 Td (issuance ) Tj ET Q q 0 0 0 rg BT 402.06 530.90 Td (of ) Tj ET Q q 0 0 0 rg BT 412.99 530.90 Td (common ) Tj ET Q q 0 0 0 rg BT 450.58 530.90 Td (shares, ) Tj ET Q q 0 0 0 rg BT 480.67 530.90 Td (net ) Tj ET Q q 0 0 0 rg BT 495.48 530.90 Td (of ) Tj ET Q q 0 0 0 rg BT 506.41 530.90 Td (issue ) Tj ET Q q 0 0 0 rg BT 529.01 530.90 Td (costs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 518.90 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.33 518.90 Td ($61.35 ) Tj ET Q q 0 0 0 rg BT 90.33 518.90 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 119.22 518.90 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 500.90 Td ( ) Tj ET Q q 0 0 0 rg BT 70.32 500.90 Td (For ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.02 500.90 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 113.73 500.90 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.73 500.90 Td (, ) Tj ET Q q 0 0 0 rg BT 139.04 500.90 Td (cash ) Tj ET Q q 0 0 0 rg BT 159.63 500.90 Td (flows ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.67 500.90 Td (used ) Tj ET Q q 0 0 0 rg BT 205.81 500.90 Td (in) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.59 500.90 Td ( ) Tj ET Q q 0 0 0 rg BT 216.41 500.90 Td (investing ) Tj ET Q q 0 0 0 rg BT 255.89 500.90 Td (activities ) Tj ET Q q 0 0 0 rg BT 294.80 500.90 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.05 500.90 Td ($2.34 ) Tj ET Q q 0 0 0 rg BT 342.37 500.90 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.26 500.90 Td ( ) Tj ET Q q 0 0 0 rg BT 374.07 500.90 Td (for ) Tj ET Q q 0 0 0 rg BT 388.55 500.90 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 439.14 500.90 Td (of ) Tj ET Q q 0 0 0 rg BT 450.29 500.90 Td (P&E ) Tj ET Q q 0 0 0 rg BT 472.55 500.90 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.81 500.90 Td ($17.94 ) Tj ET Q q 0 0 0 rg BT 520.12 500.90 Td (million) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 488.90 Td (for ) Tj ET Q q 0 0 0 rg BT 63.66 488.90 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 110.04 488.90 Td (of ) Tj ET Q q 0 0 0 rg BT 120.87 488.90 Td (and ) Tj ET Q q 0 0 0 rg BT 137.81 488.90 Td (cost ) Tj ET Q q 0 0 0 rg BT 156.42 488.90 Td (of ) Tj ET Q q 0 0 0 rg BT 167.25 488.90 Td (generating ) Tj ET Q q 0 0 0 rg BT 211.95 488.90 Td (intangible ) Tj ET Q q 0 0 0 rg BT 254.44 488.90 Td (assets. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 470.90 Td (W) Tj ET Q q 0 0 0 rg BT 57.65 470.90 Td (orking Capital) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 453.90 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 453.90 Td (orking ) Tj ET Q q 0 0 0 rg BT 105.22 453.90 Td (capital ) Tj ET Q q 0 0 0 rg BT 134.85 453.90 Td (\() Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 142.62 453.90 Td (W) Tj ET Q q 0 0 0 rg BT 152.07 453.90 Td (orking ) Tj ET Q q 0 0 0 rg BT 183.39 453.90 Td (Capital) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.06 453.90 Td (\) ) Tj ET Q q 0 0 0 rg BT 225.80 453.90 Td (represents ) Tj ET Q q 0 0 0 rg BT 269.32 453.90 Td (the ) Tj ET Q q 0 0 0 rg BT 284.51 453.90 Td (Company) Tj ET Q q 0 0 0 rg BT 326.18 453.90 Td (s ) Tj ET Q q 0 0 0 rg BT 333.04 453.90 Td (current ) Tj ET Q q 0 0 0 rg BT 364.34 453.90 Td (assets ) Tj ET Q q 0 0 0 rg BT 390.65 453.90 Td (less ) Tj ET Q q 0 0 0 rg BT 408.62 453.90 Td (current ) Tj ET Q q 0 0 0 rg BT 439.92 453.90 Td (liabilities. ) Tj ET Q q 0 0 0 rg BT 482.40 453.90 Td (W) Tj ET Q q 0 0 0 rg BT 491.03 453.90 Td (orking ) Tj ET Q q 0 0 0 rg BT 520.12 453.90 Td (Capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 441.90 Td (increased ) Tj ET Q q 0 0 0 rg BT 89.75 441.90 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.25 441.90 Td ($54.49 ) Tj ET Q q 0 0 0 rg BT 132.25 441.90 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.15 441.90 Td ( ) Tj ET Q q 0 0 0 rg BT 163.65 441.90 Td (as ) Tj ET Q q 0 0 0 rg BT 174.48 441.90 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.19 441.90 Td (June30, ) Tj ET Q q 0 0 0 rg BT 220.02 441.90 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.02 441.90 Td ( ) Tj ET Q q 0 0 0 rg BT 242.52 441.90 Td (versus ) Tj ET Q q 0 0 0 rg BT 270.57 441.90 Td (June ) Tj ET Q q 0 0 0 rg BT 291.40 441.90 Td (30, ) Tj ET Q q 0 0 0 rg BT 306.40 441.90 Td (2015. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 424.90 Td (Based ) Tj ET Q q 0 0 0 rg BT 95.71 424.90 Td (on ) Tj ET Q q 0 0 0 rg BT 109.47 424.90 Td (the ) Tj ET Q q 0 0 0 rg BT 125.46 424.90 Td (Company) Tj ET Q q 0 0 0 rg BT 167.12 424.90 Td (s ) Tj ET Q q 0 0 0 rg BT 174.78 424.90 Td (current ) Tj ET Q q 0 0 0 rg BT 206.86 424.90 Td (revenue ) Tj ET Q q 0 0 0 rg BT 242.28 424.90 Td (expectations ) Tj ET Q q 0 0 0 rg BT 296.02 424.90 Td (for ) Tj ET Q q 0 0 0 rg BT 311.45 424.90 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 339.10 424.90 Td (2017, ) Tj ET Q q 0 0 0 rg BT 365.37 424.90 Td (which ) Tj ET Q q 0 0 0 rg BT 393.58 424.90 Td (are ) Tj ET Q q 0 0 0 rg BT 409.55 424.90 Td (based ) Tj ET Q q 0 0 0 rg BT 436.09 424.90 Td (on ) Tj ET Q q 0 0 0 rg BT 449.85 424.90 Td (contracted ) Tj ET Q q 0 0 0 rg BT 495.26 424.90 Td (and ) Tj ET Q q 0 0 0 rg BT 513.47 424.90 Td (expected ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 412.90 Td (production, ) Tj ET Q q 0 0 0 rg BT 98.26 412.90 Td (distribution, ) Tj ET Q q 0 0 0 rg BT 149.80 412.90 Td (M&L, ) Tj ET Q q 0 0 0 rg BT 178.01 412.90 Td (broadcasting, ) Tj ET Q q 0 0 0 rg BT 234.54 412.90 Td (and ) Tj ET Q q 0 0 0 rg BT 251.90 412.90 Td (other ) Tj ET Q q 0 0 0 rg BT 275.38 412.90 Td (revenue, ) Tj ET Q q 0 0 0 rg BT 312.46 412.90 Td (the ) Tj ET Q q 0 0 0 rg BT 327.61 412.90 Td (Company ) Tj ET Q q 0 0 0 rg BT 369.43 412.90 Td (believes ) Tj ET Q q 0 0 0 rg BT 405.12 412.90 Td (cash ) Tj ET Q q 0 0 0 rg BT 425.82 412.90 Td (generated ) Tj ET Q q 0 0 0 rg BT 467.61 412.90 Td (from ) Tj ET Q q 0 0 0 rg BT 489.98 412.90 Td (operations ) Tj ET Q q 0 0 0 rg BT 534.57 412.90 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 400.90 Td (will ) Tj ET Q q 0 0 0 rg BT 66.71 400.90 Td (be ) Tj ET Q q 0 0 0 rg BT 77.80 400.90 Td (suf) Tj ET Q q 0 0 0 rg BT 89.84 400.90 Td (ficient ) Tj ET Q q 0 0 0 rg BT 117.04 400.90 Td (to ) Tj ET Q q 0 0 0 rg BT 126.47 400.90 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 154.11 400.90 Td (W) Tj ET Q q 0 0 0 rg BT 162.75 400.90 Td (orking ) Tj ET Q q 0 0 0 rg BT 190.51 400.90 Td (Capital ) Tj ET Q q 0 0 0 rg BT 221.04 400.90 Td (needs ) Tj ET Q q 0 0 0 rg BT 245.46 400.90 Td (for ) Tj ET Q q 0 0 0 rg BT 258.78 400.90 Td (at ) Tj ET Q q 0 0 0 rg BT 267.65 400.90 Td (least ) Tj ET Q q 0 0 0 rg BT 287.63 400.90 Td (the ) Tj ET Q q 0 0 0 rg BT 301.49 400.90 Td (next ) Tj ET Q q 0 0 0 rg BT 320.36 400.90 Td (twelve ) Tj ET Q q 0 0 0 rg BT 348.67 400.90 Td (months. ) Tj ET Q q 0 0 0 rg BT 382.27 400.90 Td (Management ) Tj ET Q q 0 0 0 rg BT 436.13 400.90 Td (believes ) Tj ET Q q 0 0 0 rg BT 470.54 400.90 Td (the ) Tj ET Q q 0 0 0 rg BT 484.41 400.90 Td (current ) Tj ET Q q 0 0 0 rg BT 514.26 400.90 Td (W) Tj ET Q q 0 0 0 rg BT 522.90 400.90 Td (orking ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 388.90 Td (Capital ) Tj ET Q q 0 0 0 rg BT 80.88 388.90 Td (totalling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.71 388.90 Td ($252.65 ) Tj ET Q q 0 0 0 rg BT 151.71 388.90 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.60 388.90 Td ( ) Tj ET Q q 0 0 0 rg BT 183.10 388.90 Td (is ) Tj ET Q q 0 0 0 rg BT 192.27 388.90 Td (suf) Tj ET Q q 0 0 0 rg BT 204.31 388.90 Td (ficient ) Tj ET Q q 0 0 0 rg BT 232.36 388.90 Td (to ) Tj ET Q q 0 0 0 rg BT 242.63 388.90 Td (execute ) Tj ET Q q 0 0 0 rg BT 275.67 388.90 Td (its ) Tj ET Q q 0 0 0 rg BT 287.62 388.90 Td (current ) Tj ET Q q 0 0 0 rg BT 318.43 388.90 Td (and ) Tj ET Q q 0 0 0 rg BT 335.37 388.90 Td (future ) Tj ET Q q 0 0 0 rg BT 361.75 388.90 Td (business ) Tj ET Q q 0 0 0 rg BT 398.14 388.90 Td (plans. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 370.90 Td (Equity Of) Tj ET Q q 0 0 0 rg BT 89.60 370.90 Td (fering) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 352.90 Td (On ) Tj ET Q q 0 0 0 rg BT 81.50 352.90 Td (May ) Tj ET Q q 0 0 0 rg BT 101.60 352.90 Td (5, ) Tj ET Q q 0 0 0 rg BT 110.88 352.90 Td (2016, ) Tj ET Q q 0 0 0 rg BT 135.16 352.90 Td (the ) Tj ET Q q 0 0 0 rg BT 149.15 352.90 Td (Company ) Tj ET Q q 0 0 0 rg BT 189.81 352.90 Td (completed ) Tj ET Q q 0 0 0 rg BT 233.24 352.90 Td (a ) Tj ET Q q 0 0 0 rg BT 239.46 352.90 Td (bought ) Tj ET Q q 0 0 0 rg BT 269.01 352.90 Td (deal ) Tj ET Q q 0 0 0 rg BT 287.44 352.90 Td (public ) Tj ET Q q 0 0 0 rg BT 314.21 352.90 Td (of) Tj ET Q q 0 0 0 rg BT 322.36 352.90 Td (fering ) Tj ET Q q 0 0 0 rg BT 348.02 352.90 Td (of ) Tj ET Q q 0 0 0 rg BT 358.12 352.90 Td (shares ) Tj ET Q q 0 0 0 rg BT 384.89 352.90 Td (of ) Tj ET Q q 0 0 0 rg BT 395.00 352.90 Td (the ) Tj ET Q q 0 0 0 rg BT 408.99 352.90 Td (Company ) Tj ET Q q 0 0 0 rg BT 449.65 352.90 Td (\(the ) Tj ET Q q 0 0 0 rg BT 466.97 352.90 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 471.41 352.90 Td (Equity ) Tj ET Q q 0 0 0 rg BT 502.09 352.90 Td (Offering) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.75 352.90 Td (\), ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 340.90 Td (comprised ) Tj ET Q q 0 0 0 rg BT 94.57 340.90 Td (of ) Tj ET Q q 0 0 0 rg BT 106.31 340.90 Td (both ) Tj ET Q q 0 0 0 rg BT 127.26 340.90 Td (V) Tj ET Q q 0 0 0 rg BT 133.37 340.90 Td (ariable ) Tj ET Q q 0 0 0 rg BT 163.74 340.90 Td (V) Tj ET Q q 0 0 0 rg BT 169.67 340.90 Td (oting ) Tj ET Q q 0 0 0 rg BT 193.64 340.90 Td (Shares ) Tj ET Q q 0 0 0 rg BT 223.71 340.90 Td (and ) Tj ET Q q 0 0 0 rg BT 241.57 340.90 Td (Common ) Tj ET Q q 0 0 0 rg BT 281.96 340.90 Td (V) Tj ET Q q 0 0 0 rg BT 287.89 340.90 Td (oting ) Tj ET Q q 0 0 0 rg BT 311.86 340.90 Td (Shares ) Tj ET Q q 0 0 0 rg BT 341.93 340.90 Td (\(collectively) Tj ET Q q 0 0 0 rg BT 391.26 340.90 Td (, ) Tj ET Q q 0 0 0 rg BT 397.17 340.90 Td (the ) Tj ET Q q 0 0 0 rg BT 412.80 340.90 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 417.24 340.90 Td (Shar) Tj ET Q q 0 0 0 rg BT 437.62 340.90 Td (es) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.95 340.90 Td (\) ) Tj ET Q q 0 0 0 rg BT 457.13 340.90 Td (through ) Tj ET Q q 0 0 0 rg BT 491.66 340.90 Td (a ) Tj ET Q q 0 0 0 rg BT 499.51 340.90 Td (syndicate ) Tj ET Q q 0 0 0 rg BT 540.68 340.90 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 328.90 Td (underwriters ) Tj ET Q q 0 0 0 rg BT 102.28 328.90 Td (whereby ) Tj ET Q q 0 0 0 rg BT 138.96 328.90 Td (the ) Tj ET Q q 0 0 0 rg BT 153.43 328.90 Td (Company ) Tj ET Q q 0 0 0 rg BT 194.56 328.90 Td (issued ) Tj ET Q q 0 0 0 rg BT 221.81 328.90 Td (8,667,000 ) Tj ET Q q 0 0 0 rg BT 264.05 328.90 Td (Shares ) Tj ET Q q 0 0 0 rg BT 292.96 328.90 Td (of ) Tj ET Q q 0 0 0 rg BT 303.54 328.90 Td (the ) Tj ET Q q 0 0 0 rg BT 318.00 328.90 Td (Company ) Tj ET Q q 0 0 0 rg BT 359.14 328.90 Td (at ) Tj ET Q q 0 0 0 rg BT 368.60 328.90 Td (a ) Tj ET Q q 0 0 0 rg BT 375.29 328.90 Td (price ) Tj ET Q q 0 0 0 rg BT 397.52 328.90 Td (of ) Tj ET Q q 0 0 0 rg BT 408.10 328.90 Td ($7.50 ) Tj ET Q q 0 0 0 rg BT 432.85 328.90 Td (per ) Tj ET Q q 0 0 0 rg BT 447.86 328.90 Td (Share ) Tj ET Q q 0 0 0 rg BT 472.88 328.90 Td (for ) Tj ET Q q 0 0 0 rg BT 486.79 328.90 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 527.90 328.90 Td (gross ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 316.90 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 87.27 316.90 Td (of ) Tj ET Q q 0 0 0 rg BT 97.84 316.90 Td ($65.0 ) Tj ET Q q 0 0 0 rg BT 122.58 316.90 Td (million. ) Tj ET Q q 0 0 0 rg BT 156.04 316.90 Td (The ) Tj ET Q q 0 0 0 rg BT 173.83 316.90 Td (Company ) Tj ET Q q 0 0 0 rg BT 214.95 316.90 Td (incurred ) Tj ET Q q 0 0 0 rg BT 250.50 316.90 Td (cash ) Tj ET Q q 0 0 0 rg BT 270.51 316.90 Td (costs ) Tj ET Q q 0 0 0 rg BT 292.74 316.90 Td (associated ) Tj ET Q q 0 0 0 rg BT 336.07 316.90 Td (with ) Tj ET Q q 0 0 0 rg BT 356.09 316.90 Td (the ) Tj ET Q q 0 0 0 rg BT 370.54 316.90 Td (Equity ) Tj ET Q q 0 0 0 rg BT 399.44 316.90 Td (Of) Tj ET Q q 0 0 0 rg BT 409.81 316.90 Td (fering ) Tj ET Q q 0 0 0 rg BT 435.93 316.90 Td (of ) Tj ET Q q 0 0 0 rg BT 446.49 316.90 Td ($3.7 ) Tj ET Q q 0 0 0 rg BT 466.23 316.90 Td (million ) Tj ET Q q 0 0 0 rg BT 497.36 316.90 Td (and ) Tj ET Q q 0 0 0 rg BT 514.03 316.90 Td (recorded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 304.90 Td (a ) Tj ET Q q 0 0 0 rg BT 56.54 304.90 Td (tax ) Tj ET Q q 0 0 0 rg BT 71.37 304.90 Td (ef) Tj ET Q q 0 0 0 rg BT 78.96 304.90 Td (fect ) Tj ET Q q 0 0 0 rg BT 96.55 304.90 Td (of ) Tj ET Q q 0 0 0 rg BT 107.48 304.90 Td ($1.1 ) Tj ET Q q 0 0 0 rg BT 127.59 304.90 Td (million. ) Tj ET Q q 0 0 0 rg BT 161.59 304.90 Td ($30.0 ) Tj ET Q q 0 0 0 rg BT 186.70 304.90 Td (million ) Tj ET Q q 0 0 0 rg BT 218.19 304.90 Td (of ) Tj ET Q q 0 0 0 rg BT 229.13 304.90 Td (the ) Tj ET Q q 0 0 0 rg BT 243.95 304.90 Td (net ) Tj ET Q q 0 0 0 rg BT 258.78 304.90 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 296.92 304.90 Td (from ) Tj ET Q q 0 0 0 rg BT 318.96 304.90 Td (the ) Tj ET Q q 0 0 0 rg BT 333.79 304.90 Td (Equity ) Tj ET Q q 0 0 0 rg BT 363.06 304.90 Td (Of) Tj ET Q q 0 0 0 rg BT 373.43 304.90 Td (fering ) Tj ET Q q 0 0 0 rg BT 399.91 304.90 Td (were ) Tj ET Q q 0 0 0 rg BT 421.95 304.90 Td (used ) Tj ET Q q 0 0 0 rg BT 442.89 304.90 Td (to ) Tj ET Q q 0 0 0 rg BT 453.27 304.90 Td (repay ) Tj ET Q q 0 0 0 rg BT 478.08 304.90 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 526.24 304.90 Td (under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 292.90 Td (the ) Tj ET Q q 0 0 0 rg BT 64.62 292.90 Td (Company) Tj ET Q q 0 0 0 rg BT 106.29 292.90 Td (s ) Tj ET Q q 0 0 0 rg BT 112.45 292.90 Td (Amended ) Tj ET Q q 0 0 0 rg BT 154.02 292.90 Td (T) Tj ET Q q 0 0 0 rg BT 159.43 292.90 Td (erm ) Tj ET Q q 0 0 0 rg BT 177.89 292.90 Td (Facility) Tj ET Q q 0 0 0 rg BT 207.79 292.90 Td (. ) Tj ET Q q 0 0 0 rg BT 212.99 292.90 Td (The ) Tj ET Q q 0 0 0 rg BT 231.44 292.90 Td (remainder ) Tj ET Q q 0 0 0 rg BT 274.88 292.90 Td (of ) Tj ET Q q 0 0 0 rg BT 286.12 292.90 Td (the ) Tj ET Q q 0 0 0 rg BT 301.24 292.90 Td (net ) Tj ET Q q 0 0 0 rg BT 316.37 292.90 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 354.81 292.90 Td (will ) Tj ET Q q 0 0 0 rg BT 373.28 292.90 Td (be ) Tj ET Q q 0 0 0 rg BT 385.62 292.90 Td (used ) Tj ET Q q 0 0 0 rg BT 406.86 292.90 Td (to ) Tj ET Q q 0 0 0 rg BT 417.55 292.90 Td (advance ) Tj ET Q q 0 0 0 rg BT 453.21 292.90 Td (the ) Tj ET Q q 0 0 0 rg BT 468.33 292.90 Td (Company) Tj ET Q q 0 0 0 rg BT 510.00 292.90 Td (s ) Tj ET Q q 0 0 0 rg BT 516.80 292.90 Td (recently ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 280.90 Td (announced ) Tj ET Q q 0 0 0 rg BT 94.85 280.90 Td (third ) Tj ET Q q 0 0 0 rg BT 115.78 280.90 Td (party ) Tj ET Q q 0 0 0 rg BT 138.36 280.90 Td (co-production ) Tj ET Q q 0 0 0 rg BT 196.49 280.90 Td (and ) Tj ET Q q 0 0 0 rg BT 212.97 280.90 Td (distribution ) Tj ET Q q 0 0 0 rg BT 261.12 280.90 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 317.02 280.90 Td (with ) Tj ET Q q 0 0 0 rg BT 336.84 280.90 Td (Mattel, ) Tj ET Q q 0 0 0 rg BT 367.48 280.90 Td (Iconix, ) Tj ET Q q 0 0 0 rg BT 397.56 280.90 Td (and ) Tj ET Q q 0 0 0 rg BT 414.04 280.90 Td (Dreamworks; ) Tj ET Q q 0 0 0 rg BT 470.50 280.90 Td (to ) Tj ET Q q 0 0 0 rg BT 480.32 280.90 Td (pursue ) Tj ET Q q 0 0 0 rg BT 509.02 280.90 Td (additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 268.90 Td (brand ) Tj ET Q q 0 0 0 rg BT 74.77 268.90 Td (opportunities, ) Tj ET Q q 0 0 0 rg BT 132.54 268.90 Td (and ) Tj ET Q q 0 0 0 rg BT 149.48 268.90 Td (for ) Tj ET Q q 0 0 0 rg BT 163.64 268.90 Td (general ) Tj ET Q q 0 0 0 rg BT 195.56 268.90 Td (corporate ) Tj ET Q q 0 0 0 rg BT 235.82 268.90 Td (and ) Tj ET Q q 0 0 0 rg BT 252.76 268.90 Td (working ) Tj ET Q q 0 0 0 rg BT 288.59 268.90 Td (capital ) Tj ET Q q 0 0 0 rg BT 317.74 268.90 Td (purposes.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 250.90 Td (Senior Unsecured Notes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 232.90 Td (On ) Tj ET Q q 0 0 0 rg BT 83.02 232.90 Td (December ) Tj ET Q q 0 0 0 rg BT 127.40 232.90 Td (2, ) Tj ET Q q 0 0 0 rg BT 138.20 232.90 Td (2014, ) Tj ET Q q 0 0 0 rg BT 164.00 232.90 Td (the ) Tj ET Q q 0 0 0 rg BT 179.51 232.90 Td (Company ) Tj ET Q q 0 0 0 rg BT 221.69 232.90 Td (completed ) Tj ET Q q 0 0 0 rg BT 266.64 232.90 Td (an ) Tj ET Q q 0 0 0 rg BT 279.38 232.90 Td (issuance ) Tj ET Q q 0 0 0 rg BT 316.55 232.90 Td (\(the ) Tj ET Q q 0 0 0 rg BT 335.40 232.90 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 339.83 232.90 Td (Initial ) Tj ET Q q 0 0 0 rg BT 369.25 232.90 Td (Issuance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.92 232.90 Td (\), ) Tj ET Q q 0 0 0 rg BT 419.49 232.90 Td (via ) Tj ET Q q 0 0 0 rg BT 435.00 232.90 Td (private ) Tj ET Q q 0 0 0 rg BT 466.07 232.90 Td (placement, ) Tj ET Q q 0 0 0 rg BT 512.95 232.90 Td (of ) Tj ET Q q 0 0 0 rg BT 524.58 232.90 Td (senior ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 220.90 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 92.60 220.90 Td (notes ) Tj ET Q q 0 0 0 rg BT 116.26 220.90 Td (\(") Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 123.67 220.90 Td (Senior) Tj ET Q q 0 0 0 rg BT 151.27 220.90 Td ( ) Tj ET Q q 0 0 0 rg BT 153.83 220.90 Td (Unsecur) Tj ET Q q 0 0 0 rg BT 189.20 220.90 Td (ed ) Tj ET Q q 0 0 0 rg BT 201.76 220.90 Td (Notes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.64 220.90 Td ("\) ) Tj ET Q q 0 0 0 rg BT 235.61 220.90 Td (due ) Tj ET Q q 0 0 0 rg BT 252.61 220.90 Td (on ) Tj ET Q q 0 0 0 rg BT 265.17 220.90 Td (December ) Tj ET Q q 0 0 0 rg BT 308.81 220.90 Td (2, ) Tj ET Q q 0 0 0 rg BT 318.87 220.90 Td (2021, ) Tj ET Q q 0 0 0 rg BT 343.93 220.90 Td (with ) Tj ET Q q 0 0 0 rg BT 364.27 220.90 Td (an ) Tj ET Q q 0 0 0 rg BT 376.26 220.90 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 417.68 220.90 Td (principal ) Tj ET Q q 0 0 0 rg BT 455.78 220.90 Td (amount ) Tj ET Q q 0 0 0 rg BT 488.34 220.90 Td (of ) Tj ET Q q 0 0 0 rg BT 499.23 220.90 Td ($175,000, ) Tj ET Q q 0 0 0 rg BT 541.79 220.90 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 208.90 Td (a ) Tj ET Q q 0 0 0 rg BT 56.75 208.90 Td (price ) Tj ET Q q 0 0 0 rg BT 79.55 208.90 Td (of ) Tj ET Q q 0 0 0 rg BT 90.69 208.90 Td ($1,000 ) Tj ET Q q 0 0 0 rg BT 121.00 208.90 Td (per ) Tj ET Q q 0 0 0 rg BT 136.58 208.90 Td ($1,000 ) Tj ET Q q 0 0 0 rg BT 166.90 208.90 Td (of ) Tj ET Q q 0 0 0 rg BT 178.04 208.90 Td (principal. ) Tj ET Q q 0 0 0 rg BT 218.69 208.90 Td (The ) Tj ET Q q 0 0 0 rg BT 237.05 208.90 Td (Senior ) Tj ET Q q 0 0 0 rg BT 265.97 208.90 Td (Unsecured ) Tj ET Q q 0 0 0 rg BT 311.54 208.90 Td (Notes ) Tj ET Q q 0 0 0 rg BT 337.69 208.90 Td (bear ) Tj ET Q q 0 0 0 rg BT 357.71 208.90 Td (interest ) Tj ET Q q 0 0 0 rg BT 389.95 208.90 Td (at ) Tj ET Q q 0 0 0 rg BT 399.98 208.90 Td (a ) Tj ET Q q 0 0 0 rg BT 407.23 208.90 Td (rate ) Tj ET Q q 0 0 0 rg BT 425.03 208.90 Td (of ) Tj ET Q q 0 0 0 rg BT 436.17 208.90 Td (5.875% ) Tj ET Q q 0 0 0 rg BT 469.81 208.90 Td (per ) Tj ET Q q 0 0 0 rg BT 485.40 208.90 Td (annum, ) Tj ET Q q 0 0 0 rg BT 517.92 208.90 Td (payable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 196.90 Td (semi-annually ) Tj ET Q q 0 0 0 rg BT 108.52 196.90 Td (in ) Tj ET Q q 0 0 0 rg BT 118.67 196.90 Td (arrears ) Tj ET Q q 0 0 0 rg BT 148.24 196.90 Td (on ) Tj ET Q q 0 0 0 rg BT 160.61 196.90 Td (June ) Tj ET Q q 0 0 0 rg BT 181.31 196.90 Td (2 ) Tj ET Q q 0 0 0 rg BT 188.68 196.90 Td (and ) Tj ET Q q 0 0 0 rg BT 205.49 196.90 Td (December ) Tj ET Q q 0 0 0 rg BT 248.94 196.90 Td (2 ) Tj ET Q q 0 0 0 rg BT 256.31 196.90 Td (of ) Tj ET Q q 0 0 0 rg BT 267.01 196.90 Td (each ) Tj ET Q q 0 0 0 rg BT 287.70 196.90 Td (year ) Tj ET Q q 0 0 0 rg BT 307.28 196.90 Td (until ) Tj ET Q q 0 0 0 rg BT 327.98 196.90 Td (maturity) Tj ET Q q 0 0 0 rg BT 361.22 196.90 Td (. ) Tj ET Q q 0 0 0 rg BT 365.92 196.90 Td (The ) Tj ET Q q 0 0 0 rg BT 383.83 196.90 Td (first ) Tj ET Q q 0 0 0 rg BT 402.31 196.90 Td (interest ) Tj ET Q q 0 0 0 rg BT 434.12 196.90 Td (payment ) Tj ET Q q 0 0 0 rg BT 470.92 196.90 Td (was ) Tj ET Q q 0 0 0 rg BT 488.84 196.90 Td (paid ) Tj ET Q q 0 0 0 rg BT 508.43 196.90 Td (on ) Tj ET Q q 0 0 0 rg BT 520.80 196.90 Td (June ) Tj ET Q q 0 0 0 rg BT 541.50 196.90 Td (2, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 184.90 Td (2015. ) Tj ET Q q 0 0 0 rg BT 73.82 184.90 Td (The ) Tj ET Q q 0 0 0 rg BT 91.33 184.90 Td (Senior ) Tj ET Q q 0 0 0 rg BT 119.41 184.90 Td (Unsecured ) Tj ET Q q 0 0 0 rg BT 164.13 184.90 Td (Notes ) Tj ET Q q 0 0 0 rg BT 189.42 184.90 Td (are ) Tj ET Q q 0 0 0 rg BT 203.60 184.90 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 249.42 184.90 Td (by ) Tj ET Q q 0 0 0 rg BT 261.39 184.90 Td (the ) Tj ET Q q 0 0 0 rg BT 275.57 184.90 Td (Company ) Tj ET Q q 0 0 0 rg BT 316.42 184.90 Td (and ) Tj ET Q q 0 0 0 rg BT 332.82 184.90 Td (certain ) Tj ET Q q 0 0 0 rg BT 361.99 184.90 Td (of ) Tj ET Q q 0 0 0 rg BT 372.28 184.90 Td (its ) Tj ET Q q 0 0 0 rg BT 383.69 184.90 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 432.88 184.90 Td (and ) Tj ET Q q 0 0 0 rg BT 449.28 184.90 Td (are ) Tj ET Q q 0 0 0 rg BT 463.45 184.90 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 505.95 184.90 Td (obligation. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 172.90 Td (The ) Tj ET Q q 0 0 0 rg BT 68.43 172.90 Td (net ) Tj ET Q q 0 0 0 rg BT 84.04 172.90 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 122.96 172.90 Td (of ) Tj ET Q q 0 0 0 rg BT 134.68 172.90 Td ($169,760 ) Tj ET Q q 0 0 0 rg BT 175.56 172.90 Td (from ) Tj ET Q q 0 0 0 rg BT 198.39 172.90 Td (the ) Tj ET Q q 0 0 0 rg BT 213.99 172.90 Td (Initial ) Tj ET Q q 0 0 0 rg BT 241.26 172.90 Td (Issuance ) Tj ET Q q 0 0 0 rg BT 279.07 172.90 Td (of ) Tj ET Q q 0 0 0 rg BT 290.79 172.90 Td (the ) Tj ET Q q 0 0 0 rg BT 306.39 172.90 Td (Senior ) Tj ET Q q 0 0 0 rg BT 335.89 172.90 Td (Unsecured ) Tj ET Q q 0 0 0 rg BT 382.03 172.90 Td (Notes ) Tj ET Q q 0 0 0 rg BT 408.75 172.90 Td (were ) Tj ET Q q 0 0 0 rg BT 431.56 172.90 Td (used ) Tj ET Q q 0 0 0 rg BT 453.28 172.90 Td (to ) Tj ET Q q 0 0 0 rg BT 464.44 172.90 Td (repay ) Tj ET Q q 0 0 0 rg BT 490.04 172.90 Td (debt ) Tj ET Q q 0 0 0 rg BT 510.64 172.90 Td (under ) Tj ET Q q 0 0 0 rg BT 536.79 172.90 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 160.90 Td (Company's ) Tj ET Q q 0 0 0 rg BT 96.33 160.90 Td (senior ) Tj ET Q q 0 0 0 rg BT 123.01 160.90 Td (secured ) Tj ET Q q 0 0 0 rg BT 155.79 160.90 Td (credit ) Tj ET Q q 0 0 0 rg BT 180.80 160.90 Td (agreement ) Tj ET Q q 0 0 0 rg BT 224.69 160.90 Td (\(the ) Tj ET Q q 0 0 0 rg BT 242.48 160.90 Td (") Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 246.57 160.90 Td (Amended ) Tj ET Q q 0 0 0 rg BT 289.92 160.90 Td (Senior) Tj ET Q q 0 0 0 rg BT 317.52 160.90 Td ( ) Tj ET Q q 0 0 0 rg BT 319.77 160.90 Td (Secur) Tj ET Q q 0 0 0 rg BT 344.03 160.90 Td (ed ) Tj ET Q q 0 0 0 rg BT 356.27 160.90 Td (Cr) Tj ET Q q 0 0 0 rg BT 367.75 160.90 Td (edit ) Tj ET Q q 0 0 0 rg BT 385.61 160.90 Td (Agr) Tj ET Q q 0 0 0 rg BT 402.09 160.90 Td (eement) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.63 160.90 Td ("\), ) Tj ET Q q 0 0 0 rg BT 444.79 160.90 Td (with ) Tj ET Q q 0 0 0 rg BT 464.81 160.90 Td ($18,000 ) Tj ET Q q 0 0 0 rg BT 499.56 160.90 Td (being ) Tj ET Q q 0 0 0 rg BT 524.02 160.90 Td (repaid ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 148.90 Td (on ) Tj ET Q q 0 0 0 rg BT 61.78 148.90 Td (the ) Tj ET Q q 0 0 0 rg BT 76.28 148.90 Td (revolving ) Tj ET Q q 0 0 0 rg BT 116.88 148.90 Td (facility ) Tj ET Q q 0 0 0 rg BT 147.48 148.90 Td (\(the ) Tj ET Q q 0 0 0 rg BT 165.31 148.90 Td (") Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 169.39 148.90 Td (Amended ) Tj ET Q q 0 0 0 rg BT 212.78 148.90 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 257.84 148.90 Td (Facility) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.05 148.90 Td ("\) ) Tj ET Q q 0 0 0 rg BT 299.74 148.90 Td (and ) Tj ET Q q 0 0 0 rg BT 316.46 148.90 Td ($151,760 ) Tj ET Q q 0 0 0 rg BT 356.24 148.90 Td (being ) Tj ET Q q 0 0 0 rg BT 380.73 148.90 Td (repaid ) Tj ET Q q 0 0 0 rg BT 408.00 148.90 Td (on ) Tj ET Q q 0 0 0 rg BT 420.28 148.90 Td (the ) Tj ET Q q 0 0 0 rg BT 434.77 148.90 Td (term ) Tj ET Q q 0 0 0 rg BT 455.38 148.90 Td (facility ) Tj ET Q q 0 0 0 rg BT 485.98 148.90 Td (\(the ) Tj ET Q q 0 0 0 rg BT 503.80 148.90 Td (") Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 507.89 148.90 Td (Amended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 136.90 Td (T) Tj ET Q q 0 0 0 rg BT 55.25 136.90 Td (erm ) Tj ET Q q 0 0 0 rg BT 74.96 136.90 Td (Facility) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.17 136.90 Td ("\).) 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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 64.90 Td (As ) Tj ET Q q 0 0 0 rg BT 81.21 64.90 Td (at ) Tj ET Q q 0 0 0 rg BT 91.03 64.90 Td (June ) Tj ET Q q 0 0 0 rg BT 111.95 64.90 Td (30, ) Tj ET Q q 0 0 0 rg BT 127.05 64.90 Td (2016, ) Tj ET Q q 0 0 0 rg BT 152.15 64.90 Td (the ) Tj ET Q q 0 0 0 rg BT 166.96 64.90 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 216.23 64.90 Td (principal ) Tj ET Q q 0 0 0 rg BT 254.37 64.90 Td (amount ) Tj ET Q q 0 0 0 rg BT 286.96 64.90 Td (due ) Tj ET Q q 0 0 0 rg BT 303.99 64.90 Td (on ) Tj ET Q q 0 0 0 rg BT 316.59 64.90 Td (the ) Tj ET Q q 0 0 0 rg BT 331.41 64.90 Td (Senior ) Tj ET Q q 0 0 0 rg BT 360.11 64.90 Td (Unsecured ) Tj ET Q q 0 0 0 rg BT 405.47 64.90 Td (Notes ) Tj ET Q q 0 0 0 rg BT 431.40 64.90 Td (was ) Tj ET Q q 0 0 0 rg BT 449.55 64.90 Td ($225,000 ) Tj ET Q q 0 0 0 rg BT 489.64 64.90 Td (\(June ) Tj ET Q q 0 0 0 rg BT 513.90 64.90 Td (30, ) Tj ET Q q 0 0 0 rg BT 529.00 64.90 Td (2015 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 52.90 Td (- ) Tj ET Q q 0 0 0 rg BT 55.33 52.90 Td ($175,000\).) 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511.57 658.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 527.36 658.10 Td (value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 646.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.33 646.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.05 646.10 Td (Embedded ) Tj ET Q q 0 0 0 rg BT 120.31 646.10 Td (Derivatives, ) Tj ET Q q 0 0 0 rg BT 171.40 646.10 Td (and ) Tj ET Q q 0 0 0 rg BT 188.34 646.10 Td (is ) Tj ET Q q 0 0 0 rg BT 197.51 646.10 Td (amortized ) Tj ET Q q 0 0 0 rg BT 239.99 646.10 Td (over ) Tj ET Q q 0 0 0 rg BT 260.26 646.10 Td (the ) Tj ET Q q 0 0 0 rg BT 274.98 646.10 Td (term ) Tj ET Q q 0 0 0 rg BT 295.80 646.10 Td (of ) Tj ET Q q 0 0 0 rg BT 306.63 646.10 Td (the ) Tj ET Q q 0 0 0 rg BT 321.35 646.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 349.96 646.10 Td (Unsecured ) Tj ET Q q 0 0 0 rg BT 395.22 646.10 Td (Notes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 628.10 Td (The ) Tj ET Q q 0 0 0 rg BT 85.84 628.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 111.97 628.10 Td (contain ) Tj ET Q q 0 0 0 rg BT 144.20 628.10 Td (non-financial ) Tj ET Q q 0 0 0 rg BT 200.30 628.10 Td (covenants ) Tj ET Q q 0 0 0 rg BT 243.08 628.10 Td (and ) Tj ET Q q 0 0 0 rg BT 260.32 628.10 Td (customary ) Tj ET Q q 0 0 0 rg BT 304.77 628.10 Td (events ) Tj ET Q q 0 0 0 rg BT 333.11 628.10 Td (of ) Tj ET Q q 0 0 0 rg BT 344.24 628.10 Td (default ) Tj ET Q q 0 0 0 rg BT 374.79 628.10 Td (clauses. ) Tj ET Q q 0 0 0 rg BT 408.35 628.10 Td (As ) Tj ET Q q 0 0 0 rg BT 422.26 628.10 Td (of ) Tj ET Q q 0 0 0 rg BT 433.38 628.10 Td (June ) Tj ET Q q 0 0 0 rg BT 454.51 628.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 469.81 628.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 495.10 628.10 Td (the ) Tj ET Q q 0 0 0 rg BT 510.11 628.10 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 616.10 Td (was ) Tj ET Q q 0 0 0 rg BT 67.55 616.10 Td (in ) Tj ET Q q 0 0 0 rg BT 77.83 616.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 126.42 616.10 Td (with ) Tj ET Q q 0 0 0 rg BT 146.70 616.10 Td (all ) Tj ET Q q 0 0 0 rg BT 159.19 616.10 Td (of ) Tj ET Q q 0 0 0 rg BT 170.02 616.10 Td (its ) Tj ET Q q 0 0 0 rg BT 181.97 616.10 Td (covenants ) Tj ET Q q 0 0 0 rg BT 224.46 616.10 Td (under ) Tj ET Q q 0 0 0 rg BT 249.72 616.10 Td (the ) Tj ET Q q 0 0 0 rg BT 264.44 616.10 Td (Notes.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 598.10 Td (Amended ) Tj ET Q q 0 0 0 rg BT 90.89 598.10 Td (and ) Tj ET Q q 0 0 0 rg BT 108.95 598.10 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 152.55 598.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 182.28 598.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 210.34 598.10 Td (Facilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 580.10 Td (Concurrently ) Tj ET Q q 0 0 0 rg BT 121.98 580.10 Td (with ) Tj ET Q q 0 0 0 rg BT 141.48 580.10 Td (the ) Tj ET Q q 0 0 0 rg BT 155.42 580.10 Td (closing ) Tj ET Q q 0 0 0 rg BT 186.02 580.10 Td (of ) Tj ET Q q 0 0 0 rg BT 196.07 580.10 Td (the ) Tj ET Q q 0 0 0 rg BT 210.00 580.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 255.61 580.10 Td (of ) Tj ET Q q 0 0 0 rg BT 265.65 580.10 Td (DHX ) Tj ET Q q 0 0 0 rg BT 288.91 580.10 Td (T) Tj ET Q q 0 0 0 rg BT 294.32 580.10 Td (elevision, ) Tj ET Q q 0 0 0 rg BT 334.65 580.10 Td (the ) Tj ET Q q 0 0 0 rg BT 348.58 580.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 389.19 580.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 420.33 580.10 Td (into ) Tj ET Q q 0 0 0 rg BT 437.61 580.10 Td (an ) Tj ET Q q 0 0 0 rg BT 448.38 580.10 Td (Amended ) Tj ET Q q 0 0 0 rg BT 488.98 580.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 516.81 580.10 Td (Secured ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 568.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 76.41 568.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 123.29 568.10 Td (with ) Tj ET Q q 0 0 0 rg BT 143.53 568.10 Td (a ) Tj ET Q q 0 0 0 rg BT 150.43 568.10 Td (syndicate ) Tj ET Q q 0 0 0 rg BT 190.65 568.10 Td (of ) Tj ET Q q 0 0 0 rg BT 201.44 568.10 Td (lenders, ) Tj ET Q q 0 0 0 rg BT 235.27 568.10 Td (which ) Tj ET Q q 0 0 0 rg BT 262.17 568.10 Td (amended ) Tj ET Q q 0 0 0 rg BT 300.72 568.10 Td (the ) Tj ET Q q 0 0 0 rg BT 315.40 568.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 340.07 568.10 Td (of ) Tj ET Q q 0 0 0 rg BT 350.86 568.10 Td (the ) Tj ET Q q 0 0 0 rg BT 365.54 568.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 399.66 568.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 424.88 568.10 Td (facilities. ) Tj ET Q q 0 0 0 rg BT 464.09 568.10 Td (The ) Tj ET Q q 0 0 0 rg BT 481.56 568.10 Td (Amended ) Tj ET Q q 0 0 0 rg BT 522.89 568.10 Td (Senior ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 556.10 Td (Secured ) Tj ET Q q 0 0 0 rg BT 84.72 556.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 112.06 556.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 159.49 556.10 Td (originally ) Tj ET Q q 0 0 0 rg BT 201.38 556.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 239.94 556.10 Td (for ) Tj ET Q q 0 0 0 rg BT 254.61 556.10 Td (an ) Tj ET Q q 0 0 0 rg BT 266.39 556.10 Td (Amended ) Tj ET Q q 0 0 0 rg BT 308.28 556.10 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 352.95 556.10 Td (Facility ) Tj ET Q q 0 0 0 rg BT 386.51 556.10 Td (of ) Tj ET Q q 0 0 0 rg BT 397.85 556.10 Td (up ) Tj ET Q q 0 0 0 rg BT 410.86 556.10 Td (to ) Tj ET Q q 0 0 0 rg BT 421.65 556.10 Td ($30,000 ) Tj ET Q q 0 0 0 rg BT 457.16 556.10 Td (and ) Tj ET Q q 0 0 0 rg BT 474.60 556.10 Td (an ) Tj ET Q q 0 0 0 rg BT 486.39 556.10 Td (Amended ) Tj ET Q q 0 0 0 rg BT 528.06 556.10 Td (T) Tj ET Q q 0 0 0 rg BT 533.47 556.10 Td (erm ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 544.10 Td (Facility ) Tj ET Q q 0 0 0 rg BT 82.55 544.10 Td (of ) Tj ET Q q 0 0 0 rg BT 93.38 544.10 Td (up ) Tj ET Q q 0 0 0 rg BT 105.88 544.10 Td (to ) Tj ET Q q 0 0 0 rg BT 116.16 544.10 Td ($235,000, ) Tj ET Q q 0 0 0 rg BT 158.66 544.10 Td (maturing ) Tj ET Q q 0 0 0 rg BT 197.26 544.10 Td (on ) Tj ET Q q 0 0 0 rg BT 209.76 544.10 Td (July ) Tj ET Q q 0 0 0 rg BT 228.93 544.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 243.93 544.10 Td (2019.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 526.10 Td (The ) Tj ET Q q 0 0 0 rg BT 84.85 526.10 Td (Amended ) Tj ET Q q 0 0 0 rg BT 126.04 526.10 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 170.03 526.10 Td (Facility ) Tj ET Q q 0 0 0 rg BT 202.89 526.10 Td (may ) Tj ET Q q 0 0 0 rg BT 222.43 526.10 Td (be ) Tj ET Q q 0 0 0 rg BT 234.18 526.10 Td (drawn ) Tj ET Q q 0 0 0 rg BT 261.49 526.10 Td (down ) Tj ET Q q 0 0 0 rg BT 286.02 526.10 Td (by ) Tj ET Q q 0 0 0 rg BT 298.34 526.10 Td (way ) Tj ET Q q 0 0 0 rg BT 317.32 526.10 Td (of ) Tj ET Q q 0 0 0 rg BT 327.96 526.10 Td (either ) Tj ET Q q 0 0 0 rg BT 353.04 526.10 Td ($CDN ) Tj ET Q q 0 0 0 rg BT 381.47 526.10 Td (bankers ) Tj ET Q q 0 0 0 rg BT 414.89 526.10 Td (acceptances, ) Tj ET Q q 0 0 0 rg BT 467.44 526.10 Td ($CDN ) Tj ET Q q 0 0 0 rg BT 495.87 526.10 Td (prime, ) Tj ET Q q 0 0 0 rg BT 524.01 526.10 Td ($USD ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 514.10 Td (base ) Tj ET Q q 0 0 0 rg BT 69.38 514.10 Td (rate, ) Tj ET Q q 0 0 0 rg BT 88.97 514.10 Td ($USD ) Tj ET Q q 0 0 0 rg BT 116.08 514.10 Td (LIBOR, ) Tj ET Q q 0 0 0 rg BT 150.69 514.10 Td (EUR ) Tj ET Q q 0 0 0 rg BT 177.80 514.10 Td (LIBOR ) Tj ET Q q 0 0 0 rg BT 209.91 514.10 Td (and/or ) Tj ET Q q 0 0 0 rg BT 237.56 514.10 Td (GBP) Tj ET Q q 0 0 0 rg BT 261.65 514.10 Td ( ) Tj ET Q q 0 0 0 rg BT 263.75 514.10 Td (LIBOR ) Tj ET Q q 0 0 0 rg BT 295.86 514.10 Td (advances ) Tj ET Q q 0 0 0 rg BT 334.62 514.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 352.27 514.10 Td ("Drawdown ) Tj ET Q q 0 0 0 rg BT 402.90 514.10 Td (Rate"\) ) Tj ET Q q 0 0 0 rg BT 430.74 514.10 Td (and ) Tj ET Q q 0 0 0 rg BT 447.29 514.10 Td (bears ) Tj ET Q q 0 0 0 rg BT 470.50 514.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 502.04 514.10 Td (at ) Tj ET Q q 0 0 0 rg BT 511.36 514.10 Td (a ) Tj ET Q q 0 0 0 rg BT 517.91 514.10 Td (floating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 502.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 67.51 502.10 Td (ranging ) Tj ET Q q 0 0 0 rg BT 101.08 502.10 Td (from ) Tj ET Q q 0 0 0 rg BT 123.54 502.10 Td (the ) Tj ET Q q 0 0 0 rg BT 138.78 502.10 Td (Drawdown ) Tj ET Q q 0 0 0 rg BT 186.23 502.10 Td (Rate ) Tj ET Q q 0 0 0 rg BT 207.58 502.10 Td (+1.25% ) Tj ET Q q 0 0 0 rg BT 242.07 502.10 Td (to ) Tj ET Q q 0 0 0 rg BT 252.87 502.10 Td (+4.50%. ) Tj ET Q q 0 0 0 rg BT 289.65 502.10 Td (The ) Tj ET Q q 0 0 0 rg BT 307.55 502.10 Td (Amended ) Tj ET Q q 0 0 0 rg BT 349.23 502.10 Td (T) Tj ET Q q 0 0 0 rg BT 354.64 502.10 Td (erm ) Tj ET Q q 0 0 0 rg BT 373.21 502.10 Td (Facility ) Tj ET Q q 0 0 0 rg BT 406.79 502.10 Td (may ) Tj ET Q q 0 0 0 rg BT 427.02 502.10 Td (be ) Tj ET Q q 0 0 0 rg BT 439.49 502.10 Td (drawn ) Tj ET Q q 0 0 0 rg BT 467.50 502.10 Td (down ) Tj ET Q q 0 0 0 rg BT 492.74 502.10 Td (by ) Tj ET Q q 0 0 0 rg BT 505.76 502.10 Td (way ) Tj ET Q q 0 0 0 rg BT 525.45 502.10 Td (of ) Tj ET Q q 0 0 0 rg BT 536.80 502.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 490.10 Td (Drawdown ) Tj ET Q q 0 0 0 rg BT 96.11 490.10 Td (Rate ) Tj ET Q q 0 0 0 rg BT 116.60 490.10 Td (and ) Tj ET Q q 0 0 0 rg BT 133.21 490.10 Td (bears ) Tj ET Q q 0 0 0 rg BT 156.48 490.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 188.09 490.10 Td (at ) Tj ET Q q 0 0 0 rg BT 197.48 490.10 Td (a ) Tj ET Q q 0 0 0 rg BT 204.09 490.10 Td (floating ) Tj ET Q q 0 0 0 rg BT 237.36 490.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 254.52 490.10 Td (ranging ) Tj ET Q q 0 0 0 rg BT 287.24 490.10 Td (from ) Tj ET Q q 0 0 0 rg BT 308.85 490.10 Td (the ) Tj ET Q q 0 0 0 rg BT 323.24 490.10 Td (Drawdown ) Tj ET Q q 0 0 0 rg BT 369.84 490.10 Td (Rate ) Tj ET Q q 0 0 0 rg BT 390.34 490.10 Td (+1.25% ) Tj ET Q q 0 0 0 rg BT 423.98 490.10 Td (to ) Tj ET Q q 0 0 0 rg BT 433.93 490.10 Td (+4.50%. ) Tj ET Q q 0 0 0 rg BT 469.92 490.10 Td (The ) Tj ET Q q 0 0 0 rg BT 487.16 490.10 Td (Amended ) Tj ET Q q 0 0 0 rg BT 528.05 490.10 Td (T) Tj ET Q q 0 0 0 rg BT 533.46 490.10 Td (erm ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 478.10 Td (Facility ) Tj ET Q q 0 0 0 rg BT 81.88 478.10 Td (is ) Tj ET Q q 0 0 0 rg BT 90.37 478.10 Td (repayable ) Tj ET Q q 0 0 0 rg BT 131.06 478.10 Td (in ) Tj ET Q q 0 0 0 rg BT 140.67 478.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 169.15 478.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 221.51 478.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 261.66 478.10 Td (\(expressed ) Tj ET Q q 0 0 0 rg BT 306.25 478.10 Td (as ) Tj ET Q q 0 0 0 rg BT 316.40 478.10 Td (a ) Tj ET Q q 0 0 0 rg BT 322.67 478.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 367.80 478.10 Td (of ) Tj ET Q q 0 0 0 rg BT 377.95 478.10 Td (the ) Tj ET Q q 0 0 0 rg BT 392.00 478.10 Td (initial ) Tj ET Q q 0 0 0 rg BT 417.15 478.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 454.52 478.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 486.34 478.10 Td (of ) Tj ET Q q 0 0 0 rg BT 496.50 478.10 Td (the ) Tj ET Q q 0 0 0 rg BT 510.14 478.10 Td (Amended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 466.10 Td (T) Tj ET Q q 0 0 0 rg BT 54.91 466.10 Td (erm ) Tj ET Q q 0 0 0 rg BT 73.02 466.10 Td (Facility\) ) Tj ET Q q 0 0 0 rg BT 109.46 466.10 Td (of ) Tj ET Q q 0 0 0 rg BT 120.35 466.10 Td (10% ) Tj ET Q q 0 0 0 rg BT 141.24 466.10 Td (annually) Tj ET Q q 0 0 0 rg BT 175.02 466.10 Td (, ) Tj ET Q q 0 0 0 rg BT 180.08 466.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 213.74 466.10 Td (in ) Tj ET Q q 0 0 0 rg BT 224.08 466.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 248.29 466.10 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 286.94 466.10 Td (installments ) Tj ET Q q 0 0 0 rg BT 337.83 466.10 Td (on ) Tj ET Q q 0 0 0 rg BT 350.40 466.10 Td (the ) Tj ET Q q 0 0 0 rg BT 365.17 466.10 Td (last ) Tj ET Q q 0 0 0 rg BT 381.62 466.10 Td (day ) Tj ET Q q 0 0 0 rg BT 398.62 466.10 Td (of ) Tj ET Q q 0 0 0 rg BT 409.51 466.10 Td (each ) Tj ET Q q 0 0 0 rg BT 430.38 466.10 Td (quarter) Tj ET Q q 0 0 0 rg BT 458.30 466.10 Td (, ) Tj ET Q q 0 0 0 rg BT 463.36 466.10 Td (which ) Tj ET Q q 0 0 0 rg BT 490.36 466.10 Td (commenced ) Tj ET Q q 0 0 0 rg BT 541.23 466.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 454.10 Td (Q2 ) Tj ET Q q 0 0 0 rg BT 64.22 454.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 89.22 454.10 Td (with ) Tj ET Q q 0 0 0 rg BT 109.50 454.10 Td (the ) Tj ET Q q 0 0 0 rg BT 124.22 454.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 167.26 454.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 199.75 454.10 Td (due ) Tj ET Q q 0 0 0 rg BT 216.69 454.10 Td (on ) Tj ET Q q 0 0 0 rg BT 229.19 454.10 Td (maturity) Tj ET Q q 0 0 0 rg BT 262.42 454.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 436.10 Td (All ) Tj ET Q q 0 0 0 rg BT 83.10 436.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 119.80 436.10 Td (borrowed ) Tj ET Q q 0 0 0 rg BT 160.94 436.10 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 198.20 436.10 Td (to ) Tj ET Q q 0 0 0 rg BT 208.80 436.10 Td (the ) Tj ET Q q 0 0 0 rg BT 223.22 436.10 Td (Amended ) Tj ET Q q 0 0 0 rg BT 264.91 436.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 293.84 436.10 Td (Secured ) Tj ET Q q 0 0 0 rg BT 328.87 436.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 356.06 436.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 403.30 436.10 Td (are ) Tj ET Q q 0 0 0 rg BT 418.33 436.10 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 465.01 436.10 Td (by ) Tj ET Q q 0 0 0 rg BT 477.83 436.10 Td (the ) Tj ET Q q 0 0 0 rg BT 492.87 436.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 534.58 436.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 424.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 80.07 424.10 Td (of ) Tj ET Q q 0 0 0 rg BT 91.78 424.10 Td (its ) Tj ET Q q 0 0 0 rg BT 104.60 424.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 155.18 424.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 174.10 424.10 Td ("Guarantors"\), ) Tj ET Q q 0 0 0 rg BT 235.90 424.10 Td (with ) Tj ET Q q 0 0 0 rg BT 257.05 424.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 287.62 424.10 Td (of ) Tj ET Q q 0 0 0 rg BT 299.32 424.10 Td (the ) Tj ET Q q 0 0 0 rg BT 314.91 424.10 Td (Company) Tj ET Q q 0 0 0 rg BT 356.58 424.10 Td (s ) Tj ET Q q 0 0 0 rg BT 363.84 424.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 414.43 424.10 Td (providing ) Tj ET Q q 0 0 0 rg BT 456.69 424.10 Td (a ) Tj ET Q q 0 0 0 rg BT 464.50 424.10 Td (first ) Tj ET Q q 0 0 0 rg BT 483.98 424.10 Td (priority ) Tj ET Q q 0 0 0 rg BT 517.34 424.10 Td (security ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 412.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 81.20 412.10 Td (in ) Tj ET Q q 0 0 0 rg BT 91.25 412.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 121.83 412.10 Td (of ) Tj ET Q q 0 0 0 rg BT 132.43 412.10 Td (all ) Tj ET Q q 0 0 0 rg BT 144.69 412.10 Td (of ) Tj ET Q q 0 0 0 rg BT 155.29 412.10 Td (their ) Tj ET Q q 0 0 0 rg BT 175.88 412.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 204.80 412.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 228.18 412.10 Td (in ) Tj ET Q q 0 0 0 rg BT 238.23 412.10 Td (favour ) Tj ET Q q 0 0 0 rg BT 266.59 412.10 Td (of ) Tj ET Q q 0 0 0 rg BT 277.19 412.10 Td (the ) Tj ET Q q 0 0 0 rg BT 291.68 412.10 Td (syndicate ) Tj ET Q q 0 0 0 rg BT 331.71 412.10 Td (of ) Tj ET Q q 0 0 0 rg BT 342.31 412.10 Td (lenders, ) Tj ET Q q 0 0 0 rg BT 375.95 412.10 Td (as ) Tj ET Q q 0 0 0 rg BT 386.55 412.10 Td (well ) Tj ET Q q 0 0 0 rg BT 406.03 412.10 Td (as ) Tj ET Q q 0 0 0 rg BT 416.63 412.10 Td (all ) Tj ET Q q 0 0 0 rg BT 428.89 412.10 Td (present ) Tj ET Q q 0 0 0 rg BT 460.04 412.10 Td (and ) Tj ET Q q 0 0 0 rg BT 476.75 412.10 Td (after ) Tj ET Q q 0 0 0 rg BT 497.33 412.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 534.02 412.10 Td (real ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 400.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 400.10 Td (personal ) Tj ET Q q 0 0 0 rg BT 102.82 400.10 Td (property ) Tj ET Q q 0 0 0 rg BT 139.19 400.10 Td (of ) Tj ET Q q 0 0 0 rg BT 150.02 400.10 Td (the ) Tj ET Q q 0 0 0 rg BT 164.74 400.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 206.13 400.10 Td (and ) Tj ET Q q 0 0 0 rg BT 223.06 400.10 Td (the ) Tj ET Q q 0 0 0 rg BT 237.78 400.10 Td (Guarantors.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 382.10 Td (Ef) Tj ET Q q 0 0 0 rg BT 76.76 382.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 106.87 382.10 Td (November ) Tj ET Q q 0 0 0 rg BT 151.98 382.10 Td (13, ) Tj ET Q q 0 0 0 rg BT 167.39 382.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 192.80 382.10 Td (commensurate ) Tj ET Q q 0 0 0 rg BT 254.02 382.10 Td (with ) Tj ET Q q 0 0 0 rg BT 274.70 382.10 Td (the ) Tj ET Q q 0 0 0 rg BT 289.83 382.10 Td (closing ) Tj ET Q q 0 0 0 rg BT 321.62 382.10 Td (of ) Tj ET Q q 0 0 0 rg BT 332.86 382.10 Td (the ) Tj ET Q q 0 0 0 rg BT 347.98 382.10 Td (Company) Tj ET Q q 0 0 0 rg BT 389.65 382.10 Td (s ) Tj ET Q q 0 0 0 rg BT 396.45 382.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 443.24 382.10 Td (of ) Tj ET Q q 0 0 0 rg BT 454.48 382.10 Td (the ) Tj ET Q q 0 0 0 rg BT 469.60 382.10 Td (Echo ) Tj ET Q q 0 0 0 rg BT 493.05 382.10 Td (Bridge ) Tj ET Q q 0 0 0 rg BT 523.18 382.10 Td (assets, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 370.10 Td (the ) Tj ET Q q 0 0 0 rg BT 63.72 370.10 Td (Amended ) Tj ET Q q 0 0 0 rg BT 104.99 370.10 Td (T) Tj ET Q q 0 0 0 rg BT 110.40 370.10 Td (erm ) Tj ET Q q 0 0 0 rg BT 128.52 370.10 Td (Facility ) Tj ET Q q 0 0 0 rg BT 161.65 370.10 Td (was ) Tj ET Q q 0 0 0 rg BT 179.77 370.10 Td (amended ) Tj ET Q q 0 0 0 rg BT 218.44 370.10 Td (to ) Tj ET Q q 0 0 0 rg BT 228.79 370.10 Td (include ) Tj ET Q q 0 0 0 rg BT 260.80 370.10 Td (an ) Tj ET Q q 0 0 0 rg BT 272.82 370.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 315.38 370.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 353.50 370.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 386.07 370.10 Td (of ) Tj ET Q q 0 0 0 rg BT 396.97 370.10 Td (US$12,000, ) Tj ET Q q 0 0 0 rg BT 447.33 370.10 Td (also ) Tj ET Q q 0 0 0 rg BT 466.01 370.10 Td (maturing ) Tj ET Q q 0 0 0 rg BT 504.69 370.10 Td (on ) Tj ET Q q 0 0 0 rg BT 517.27 370.10 Td (July ) Tj ET Q q 0 0 0 rg BT 536.51 370.10 Td (31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 358.10 Td (2019. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 340.10 Td (During ) Tj ET Q q 0 0 0 rg BT 99.11 340.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 126.28 340.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 149.57 340.10 Td (and ) Tj ET Q q 0 0 0 rg BT 167.29 340.10 Td (in ) Tj ET Q q 0 0 0 rg BT 178.35 340.10 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 228.85 340.10 Td (with ) Tj ET Q q 0 0 0 rg BT 249.91 340.10 Td (the ) Tj ET Q q 0 0 0 rg BT 265.41 340.10 Td (Initial ) Tj ET Q q 0 0 0 rg BT 292.58 340.10 Td (Issuance ) Tj ET Q q 0 0 0 rg BT 330.29 340.10 Td (of ) Tj ET Q q 0 0 0 rg BT 341.90 340.10 Td (the ) Tj ET Q q 0 0 0 rg BT 357.40 340.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 386.79 340.10 Td (Unsecured ) Tj ET Q q 0 0 0 rg BT 432.84 340.10 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 461.95 340.10 Td (the ) Tj ET Q q 0 0 0 rg BT 477.45 340.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 519.62 340.10 Td (made ) Tj ET Q q 0 0 0 rg BT 544.56 340.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 328.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 87.29 328.10 Td (repayment ) Tj ET Q q 0 0 0 rg BT 131.75 328.10 Td (on ) Tj ET Q q 0 0 0 rg BT 144.00 328.10 Td (the ) Tj ET Q q 0 0 0 rg BT 157.97 328.10 Td (Amended ) Tj ET Q q 0 0 0 rg BT 198.93 328.10 Td (T) Tj ET Q q 0 0 0 rg BT 204.34 328.10 Td (erm ) Tj ET Q q 0 0 0 rg BT 222.14 328.10 Td (Facility ) Tj ET Q q 0 0 0 rg BT 254.94 328.10 Td (of ) Tj ET Q q 0 0 0 rg BT 265.53 328.10 Td ($151,760 ) Tj ET Q q 0 0 0 rg BT 305.28 328.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 324.47 328.10 Td (accordingly) Tj ET Q q 0 0 0 rg BT 371.02 328.10 Td (, ) Tj ET Q q 0 0 0 rg BT 375.77 328.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 421.88 328.10 Td (a ) Tj ET Q q 0 0 0 rg BT 428.57 328.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 448.04 328.10 Td (extinguishment ) Tj ET Q q 0 0 0 rg BT 511.95 328.10 Td (char) Tj ET Q q 0 0 0 rg BT 528.98 328.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 540.67 328.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 316.10 Td ($3,913, ) Tj ET Q q 0 0 0 rg BT 82.00 316.10 Td (being ) Tj ET Q q 0 0 0 rg BT 106.72 316.10 Td (a ) Tj ET Q q 0 0 0 rg BT 113.66 316.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 145.04 316.10 Td (of ) Tj ET Q q 0 0 0 rg BT 155.87 316.10 Td (the ) Tj ET Q q 0 0 0 rg BT 170.59 316.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 215.31 316.10 Td (unamortized ) Tj ET Q q 0 0 0 rg BT 267.79 316.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 287.50 316.10 Td (issue ) Tj ET Q q 0 0 0 rg BT 310.00 316.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 332.50 316.10 Td (at ) Tj ET Q q 0 0 0 rg BT 342.22 316.10 Td (the ) Tj ET Q q 0 0 0 rg BT 356.94 316.10 Td (time ) Tj ET Q q 0 0 0 rg BT 377.21 316.10 Td (of ) Tj ET Q q 0 0 0 rg BT 388.04 316.10 Td (repayment.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 298.10 Td (Ef) Tj ET Q q 0 0 0 rg BT 76.76 298.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 106.24 298.10 Td (December ) Tj ET Q q 0 0 0 rg BT 149.60 298.10 Td (23, ) Tj ET Q q 0 0 0 rg BT 164.38 298.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 189.17 298.10 Td (commensurate ) Tj ET Q q 0 0 0 rg BT 249.76 298.10 Td (with ) Tj ET Q q 0 0 0 rg BT 269.81 298.10 Td (the ) Tj ET Q q 0 0 0 rg BT 284.31 298.10 Td (closing ) Tj ET Q q 0 0 0 rg BT 315.48 298.10 Td (of ) Tj ET Q q 0 0 0 rg BT 326.09 298.10 Td (the ) Tj ET Q q 0 0 0 rg BT 340.59 298.10 Td (Company) Tj ET Q q 0 0 0 rg BT 382.25 298.10 Td (s ) Tj ET Q q 0 0 0 rg BT 388.42 298.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 434.58 298.10 Td (of ) Tj ET Q q 0 0 0 rg BT 445.20 298.10 Td (Nerd ) Tj ET Q q 0 0 0 rg BT 467.47 298.10 Td (Corps, ) Tj ET Q q 0 0 0 rg BT 496.14 298.10 Td (the ) Tj ET Q q 0 0 0 rg BT 510.13 298.10 Td (Amended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 286.10 Td (T) Tj ET Q q 0 0 0 rg BT 54.91 286.10 Td (erm ) Tj ET Q q 0 0 0 rg BT 72.96 286.10 Td (Facility ) Tj ET Q q 0 0 0 rg BT 106.01 286.10 Td (was ) Tj ET Q q 0 0 0 rg BT 124.06 286.10 Td (amended ) Tj ET Q q 0 0 0 rg BT 162.65 286.10 Td (to ) Tj ET Q q 0 0 0 rg BT 172.93 286.10 Td (include ) Tj ET Q q 0 0 0 rg BT 204.87 286.10 Td (an ) Tj ET Q q 0 0 0 rg BT 216.80 286.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 259.29 286.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 297.34 286.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 329.83 286.10 Td (of ) Tj ET Q q 0 0 0 rg BT 340.66 286.10 Td ($20,000, ) Tj ET Q q 0 0 0 rg BT 378.16 286.10 Td (also ) Tj ET Q q 0 0 0 rg BT 396.77 286.10 Td (maturing ) Tj ET Q q 0 0 0 rg BT 435.37 286.10 Td (on ) Tj ET Q q 0 0 0 rg BT 447.87 286.10 Td (July ) Tj ET Q q 0 0 0 rg BT 467.04 286.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 482.04 286.10 Td (2019.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 268.10 Td (Ef) Tj ET Q q 0 0 0 rg BT 76.76 268.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 105.69 268.10 Td (December ) Tj ET Q q 0 0 0 rg BT 148.51 268.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 162.75 268.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 186.98 268.10 Td (the ) Tj ET Q q 0 0 0 rg BT 200.55 268.10 Td (Amended ) Tj ET Q q 0 0 0 rg BT 241.04 268.10 Td (T) Tj ET Q q 0 0 0 rg BT 246.45 268.10 Td (erm ) Tj ET Q q 0 0 0 rg BT 263.73 268.10 Td (Facility ) Tj ET Q q 0 0 0 rg BT 296.02 268.10 Td (was ) Tj ET Q q 0 0 0 rg BT 313.30 268.10 Td (amended ) Tj ET Q q 0 0 0 rg BT 351.13 268.10 Td (to ) Tj ET Q q 0 0 0 rg BT 360.65 268.10 Td (include ) Tj ET Q q 0 0 0 rg BT 391.81 268.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 433.54 268.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 470.82 268.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 506.44 268.10 Td (of ) Tj ET Q q 0 0 0 rg BT 516.50 268.10 Td ($20,000 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 256.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 256.10 Td (US ) Tj ET Q q 0 0 0 rg BT 81.72 256.10 Td ($20,000.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 238.10 Td (During ) Tj ET Q q 0 0 0 rg BT 98.34 238.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 124.74 238.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 149.75 238.10 Td (and ) Tj ET Q q 0 0 0 rg BT 166.70 238.10 Td (in ) Tj ET Q q 0 0 0 rg BT 176.99 238.10 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 226.72 238.10 Td (with ) Tj ET Q q 0 0 0 rg BT 247.01 238.10 Td (the ) Tj ET Q q 0 0 0 rg BT 261.18 238.10 Td (Additional ) Tj ET Q q 0 0 0 rg BT 306.47 238.10 Td (Issuance ) Tj ET Q q 0 0 0 rg BT 343.41 238.10 Td (of ) Tj ET Q q 0 0 0 rg BT 354.25 238.10 Td (the ) Tj ET Q q 0 0 0 rg BT 368.98 238.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 397.60 238.10 Td (Unsecured ) Tj ET Q q 0 0 0 rg BT 442.87 238.10 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 471.22 238.10 Td (the ) Tj ET Q q 0 0 0 rg BT 485.94 238.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 527.34 238.10 Td (made ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 226.10 Td (a ) Tj ET Q q 0 0 0 rg BT 56.71 226.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 95.03 226.10 Td (repayment ) Tj ET Q q 0 0 0 rg BT 140.01 226.10 Td (on ) Tj ET Q q 0 0 0 rg BT 152.79 226.10 Td (the ) Tj ET Q q 0 0 0 rg BT 167.17 226.10 Td (Amended ) Tj ET Q q 0 0 0 rg BT 208.62 226.10 Td (T) Tj ET Q q 0 0 0 rg BT 214.03 226.10 Td (erm ) Tj ET Q q 0 0 0 rg BT 232.35 226.10 Td (Facility ) Tj ET Q q 0 0 0 rg BT 265.68 226.10 Td (of ) Tj ET Q q 0 0 0 rg BT 276.78 226.10 Td ($47,016 ) Tj ET Q q 0 0 0 rg BT 312.06 226.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 331.77 226.10 Td (accordingly ) Tj ET Q q 0 0 0 rg BT 381.75 226.10 Td (recognized, ) Tj ET Q q 0 0 0 rg BT 430.89 226.10 Td (a ) Tj ET Q q 0 0 0 rg BT 438.11 226.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 458.10 226.10 Td (extinguishment ) Tj ET Q q 0 0 0 rg BT 522.53 226.10 Td (char) Tj ET Q q 0 0 0 rg BT 539.56 226.10 Td (ge ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 214.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.33 214.10 Td ($1,01) Tj ET Q q 0 0 0 rg BT 82.46 214.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 92.46 214.10 Td (being ) Tj ET Q q 0 0 0 rg BT 117.18 214.10 Td (a ) Tj ET Q q 0 0 0 rg BT 124.11 214.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 155.50 214.10 Td (of ) Tj ET Q q 0 0 0 rg BT 166.33 214.10 Td (the ) Tj ET Q q 0 0 0 rg BT 181.05 214.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 225.76 214.10 Td (unamortized ) Tj ET Q q 0 0 0 rg BT 278.25 214.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 297.96 214.10 Td (issue ) Tj ET Q q 0 0 0 rg BT 320.46 214.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 342.96 214.10 Td (at ) Tj ET Q q 0 0 0 rg BT 352.68 214.10 Td (the ) Tj ET Q q 0 0 0 rg BT 367.40 214.10 Td (time ) Tj ET Q q 0 0 0 rg BT 387.67 214.10 Td (of ) Tj ET Q q 0 0 0 rg BT 398.50 214.10 Td (the ) Tj ET Q q 0 0 0 rg BT 413.22 214.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 451.26 214.10 Td (repayment.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 196.10 Td (As ) Tj ET Q q 0 0 0 rg BT 81.55 196.10 Td (at ) Tj ET Q q 0 0 0 rg BT 91.70 196.10 Td (June ) Tj ET Q q 0 0 0 rg BT 112.96 196.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 128.40 196.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 153.83 196.10 Td (the ) Tj ET Q q 0 0 0 rg BT 168.34 196.10 Td (Amended ) Tj ET Q q 0 0 0 rg BT 209.94 196.10 Td (T) Tj ET Q q 0 0 0 rg BT 215.35 196.10 Td (erm ) Tj ET Q q 0 0 0 rg BT 233.83 196.10 Td (Facility ) Tj ET Q q 0 0 0 rg BT 267.31 196.10 Td (is ) Tj ET Q q 0 0 0 rg BT 276.92 196.10 Td (fully ) Tj ET Q q 0 0 0 rg BT 298.74 196.10 Td (drawn, ) Tj ET Q q 0 0 0 rg BT 329.17 196.10 Td (and ) Tj ET Q q 0 0 0 rg BT 346.54 196.10 Td (the ) Tj ET Q q 0 0 0 rg BT 361.69 196.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 394.62 196.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 428.65 196.10 Td (in ) Tj ET Q q 0 0 0 rg BT 439.36 196.10 Td (US ) Tj ET Q q 0 0 0 rg BT 455.08 196.10 Td (dollars ) Tj ET Q q 0 0 0 rg BT 485.23 196.10 Td (was ) Tj ET Q q 0 0 0 rg BT 503.72 196.10 Td (US$30,998 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 184.10 Td (\(June ) Tj ET Q q 0 0 0 rg BT 73.66 184.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 88.66 184.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 111.16 184.10 Td (- ) Tj ET Q q 0 0 0 rg BT 116.99 184.10 Td (US$19,846\); ) Tj ET Q q 0 0 0 rg BT 170.88 184.10 Td (the ) Tj ET Q q 0 0 0 rg BT 185.60 184.10 Td (remainder ) Tj ET Q q 0 0 0 rg BT 228.63 184.10 Td (of ) Tj ET Q q 0 0 0 rg BT 239.46 184.10 Td (the ) Tj ET Q q 0 0 0 rg BT 253.63 184.10 Td (Amended ) Tj ET Q q 0 0 0 rg BT 294.82 184.10 Td (T) Tj ET Q q 0 0 0 rg BT 300.23 184.10 Td (erm ) Tj ET Q q 0 0 0 rg BT 318.28 184.10 Td (Facility ) Tj ET Q q 0 0 0 rg BT 351.33 184.10 Td (is ) Tj ET Q q 0 0 0 rg BT 360.50 184.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 394.09 184.10 Td (in ) Tj ET Q q 0 0 0 rg BT 404.37 184.10 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 444.64 184.10 Td (dollars.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 166.10 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 105.17 166.10 Td (to ) Tj ET Q q 0 0 0 rg BT 115.61 166.10 Td (the ) Tj ET Q q 0 0 0 rg BT 129.90 166.10 Td (Amended ) Tj ET Q q 0 0 0 rg BT 171.44 166.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 200.22 166.10 Td (Secured ) Tj ET Q q 0 0 0 rg BT 235.09 166.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 262.16 166.10 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 311.75 166.10 Td (the ) Tj ET Q q 0 0 0 rg BT 326.63 166.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 368.18 166.10 Td (must ) Tj ET Q q 0 0 0 rg BT 390.30 166.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 427.95 166.10 Td (its ) Tj ET Q q 0 0 0 rg BT 440.07 166.10 Td (Leverage ) Tj ET Q q 0 0 0 rg BT 479.92 166.10 Td (Ratio ) Tj ET Q q 0 0 0 rg BT 504.25 166.10 Td (at ) Tj ET Q q 0 0 0 rg BT 514.13 166.10 Td (less ) Tj ET Q q 0 0 0 rg BT 531.80 166.10 Td (than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 154.10 Td (3.50 ) Tj ET Q q 0 0 0 rg BT 69.50 154.10 Td (times.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 136.10 Td (Production ) Tj ET Q q 0 0 0 rg BT 98.12 136.10 Td (Financing ) Tj ET Q q 0 0 0 rg BT 143.60 136.10 Td (Agreement) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 118.10 Td (On ) Tj ET Q q 0 0 0 rg BT 81.46 118.10 Td (August ) Tj ET Q q 0 0 0 rg BT 112.58 118.10 Td (5, ) Tj ET Q q 0 0 0 rg BT 122.31 118.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 147.04 118.10 Td (the ) Tj ET Q q 0 0 0 rg BT 161.48 118.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 202.60 118.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 234.25 118.10 Td (into ) Tj ET Q q 0 0 0 rg BT 252.04 118.10 Td (an ) Tj ET Q q 0 0 0 rg BT 263.70 118.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 307.57 118.10 Td (with ) Tj ET Q q 0 0 0 rg BT 327.58 118.10 Td (CIBC ) Tj ET Q q 0 0 0 rg BT 353.15 118.10 Td (Commercial ) Tj ET Q q 0 0 0 rg BT 404.81 118.10 Td (Banking ) Tj ET Q q 0 0 0 rg BT 440.92 118.10 Td (to ) Tj ET Q q 0 0 0 rg BT 450.93 118.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 483.71 118.10 Td (a ) Tj ET Q q 0 0 0 rg BT 490.37 118.10 Td ($20.00 ) Tj ET Q q 0 0 0 rg BT 520.10 118.10 Td (million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 106.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 83.62 106.10 Td (revolving ) Tj ET Q q 0 0 0 rg BT 124.41 106.10 Td (loan, ) Tj ET Q q 0 0 0 rg BT 146.59 106.10 Td (available ) Tj ET Q q 0 0 0 rg BT 185.15 106.10 Td (by ) Tj ET Q q 0 0 0 rg BT 197.62 106.10 Td (way ) Tj ET Q q 0 0 0 rg BT 216.74 106.10 Td (of ) Tj ET Q q 0 0 0 rg BT 227.54 106.10 Td (an ) Tj ET Q q 0 0 0 rg BT 239.44 106.10 Td (unlimited ) Tj ET Q q 0 0 0 rg BT 280.24 106.10 Td (number ) Tj ET Q q 0 0 0 rg BT 313.25 106.10 Td (of ) Tj ET Q q 0 0 0 rg BT 324.05 106.10 Td (individual ) Tj ET Q q 0 0 0 rg BT 367.06 106.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 390.64 106.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 408.65 106.10 Td (Segment ) Tj ET Q q 0 0 0 rg BT 450.55 106.10 Td (Loans\) ) Tj ET Q q 0 0 0 rg BT 485.22 106.10 Td (made ) Tj ET Q q 0 0 0 rg BT 509.34 106.10 Td (to ) Tj ET Q q 0 0 0 rg BT 519.59 106.10 Td (finance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 94.10 Td (production ) Tj ET Q q 0 0 0 rg BT 95.44 94.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 134.14 94.10 Td (related ) Tj ET Q q 0 0 0 rg BT 163.96 94.10 Td (to ) Tj ET Q q 0 0 0 rg BT 174.34 94.10 Td (eligible ) Tj ET Q q 0 0 0 rg BT 206.94 94.10 Td (productions ) Tj ET Q q 0 0 0 rg BT 256.77 94.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 274.93 94.10 Td (Eligible ) Tj ET Q q 0 0 0 rg BT 313.64 94.10 Td (Productions\). ) Tj ET Q q 0 0 0 rg BT 374.10 94.10 Td (The ) Tj ET Q q 0 0 0 rg BT 392.26 94.10 Td (Segment ) Tj ET Q q 0 0 0 rg BT 429.87 94.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 456.91 94.10 Td (may ) Tj ET Q q 0 0 0 rg BT 476.74 94.10 Td (be ) Tj ET Q q 0 0 0 rg BT 488.79 94.10 Td (drawn ) Tj ET Q q 0 0 0 rg BT 516.39 94.10 Td (down ) Tj ET Q q 0 0 0 rg BT 541.22 94.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 82.10 Td (either ) Tj ET Q q 0 0 0 rg BT 74.31 82.10 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 114.11 82.10 Td (dollars ) Tj ET Q q 0 0 0 rg BT 143.37 82.10 Td (or ) Tj ET Q q 0 0 0 rg BT 153.74 82.10 Td (US ) Tj ET Q q 0 0 0 rg BT 168.57 82.10 Td (dollars ) Tj ET Q q 0 0 0 rg BT 197.83 82.10 Td (and ) Tj ET Q q 0 0 0 rg BT 214.31 82.10 Td (bear ) Tj ET Q q 0 0 0 rg BT 233.56 82.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 265.04 82.10 Td (of ) Tj ET Q q 0 0 0 rg BT 275.41 82.10 Td ($CDN ) Tj ET Q q 0 0 0 rg BT 303.56 82.10 Td (prime ) Tj ET Q q 0 0 0 rg BT 328.93 82.10 Td (plus ) Tj ET Q q 0 0 0 rg BT 347.64 82.10 Td (0.75% ) Tj ET Q q 0 0 0 rg BT 375.52 82.10 Td (or ) Tj ET Q q 0 0 0 rg BT 385.89 82.10 Td ($USD ) Tj ET Q q 0 0 0 rg BT 412.94 82.10 Td (base ) Tj ET Q q 0 0 0 rg BT 432.75 82.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 449.78 82.10 Td (plus ) Tj ET Q q 0 0 0 rg BT 468.49 82.10 Td (0.75%, ) Tj ET Q q 0 0 0 rg BT 498.86 82.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 546.52 82.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 70.10 Td (Each ) Tj ET Q q 0 0 0 rg BT 72.07 70.10 Td (Segment ) Tj ET Q q 0 0 0 rg BT 109.66 70.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 132.79 70.10 Td (is ) Tj ET Q q 0 0 0 rg BT 142.05 70.10 Td (secured ) Tj ET Q q 0 0 0 rg BT 175.17 70.10 Td (by ) Tj ET Q q 0 0 0 rg BT 187.76 70.10 Td (the ) Tj ET Q q 0 0 0 rg BT 202.57 70.10 Td (tangible ) Tj ET Q q 0 0 0 rg BT 237.37 70.10 Td (and ) Tj ET Q q 0 0 0 rg BT 254.39 70.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 296.97 70.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 322.89 70.10 Td (of ) Tj ET Q q 0 0 0 rg BT 333.81 70.10 Td (each ) Tj ET Q q 0 0 0 rg BT 354.71 70.10 Td (Eligible ) Tj ET Q q 0 0 0 rg BT 388.96 70.10 Td (Production, ) Tj ET Q q 0 0 0 rg BT 437.93 70.10 Td (assignment ) Tj ET Q q 0 0 0 rg BT 485.52 70.10 Td (and ) Tj ET Q q 0 0 0 rg BT 502.54 70.10 Td (direction ) Tj ET Q q 0 0 0 rg BT 540.67 70.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 58.10 Td (production ) Tj ET Q q 0 0 0 rg BT 95.97 58.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 136.87 58.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 176.11 58.10 Td (and ) Tj ET Q q 0 0 0 rg BT 193.69 58.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 209.05 58.10 Td (credits ) Tj ET Q q 0 0 0 rg BT 238.85 58.10 Td (and ) Tj ET Q q 0 0 0 rg BT 256.43 58.10 Td (a ) Tj ET Q q 0 0 0 rg BT 264.01 58.10 Td (subordinated, ) Tj ET Q q 0 0 0 rg BT 321.30 58.10 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 364.98 58.10 Td (guarantee ) Tj ET Q q 0 0 0 rg BT 406.99 58.10 Td (from ) Tj ET Q q 0 0 0 rg BT 429.57 58.10 Td (DHX ) Tj ET Q q 0 0 0 rg BT 454.38 58.10 Td (Media ) Tj ET Q q 0 0 0 rg BT 483.06 58.10 Td (Ltd. ) Tj ET Q q 0 0 0 rg BT 501.90 58.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.04 58.10 Td (June ) Tj ET Q q 0 0 0 rg BT 536.51 58.10 Td (30, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 46.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 46.10 Td (, ) Tj ET Q q 0 0 0 rg BT 74.50 46.10 Td (the ) Tj ET Q q 0 0 0 rg BT 89.22 46.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 130.60 46.10 Td (had ) Tj ET Q q 0 0 0 rg BT 147.54 46.10 Td ($8.5 ) Tj ET Q q 0 0 0 rg BT 167.54 46.10 Td (million ) Tj ET Q q 0 0 0 rg BT 198.93 46.10 Td (available ) Tj ET Q q 0 0 0 rg BT 237.52 46.10 Td (on ) Tj ET Q q 0 0 0 rg BT 250.02 46.10 Td (this ) Tj ET Q q 0 0 0 rg BT 266.97 46.10 Td (facility) Tj ET Q q 0 0 0 rg BT 294.64 46.10 Td (.) Tj ET Q endstream endobj 41 0 obj <> endobj 42 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6 0.6 0.6 rg BT 301.00 31.60 Td (20) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 49.50 742.25 Td (Capital ) Tj ET Q q 0 0 0 rg BT 82.00 742.25 Td (Management) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 725.25 Td (The ) Tj ET Q q 0 0 0 rg BT 85.41 725.25 Td (Company) Tj ET Q q 0 0 0 rg BT 127.07 725.25 Td (s ) Tj ET Q q 0 0 0 rg BT 133.33 725.25 Td (objectives ) Tj ET Q q 0 0 0 rg BT 176.23 725.25 Td (when ) Tj ET Q q 0 0 0 rg BT 200.25 725.25 Td (managing ) Tj ET Q q 0 0 0 rg BT 242.04 725.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 271.05 725.25 Td (are ) Tj ET Q q 0 0 0 rg BT 285.62 725.25 Td (to ) Tj ET Q q 0 0 0 rg BT 295.76 725.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 328.67 725.25 Td (an ) Tj ET Q q 0 0 0 rg BT 340.47 725.25 Td (adequate ) Tj ET Q q 0 0 0 rg BT 378.36 725.25 Td (return ) Tj ET Q q 0 0 0 rg BT 404.60 725.25 Td (to ) Tj ET Q q 0 0 0 rg BT 414.74 725.25 Td (shareholders, ) Tj ET Q q 0 0 0 rg BT 470.14 725.25 Td (safeguard ) Tj ET Q q 0 0 0 rg BT 511.36 725.25 Td (its ) Tj ET Q q 0 0 0 rg BT 523.17 725.25 Td (assets, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 713.25 Td (maintain ) Tj ET Q q 0 0 0 rg BT 88.62 713.25 Td (a ) Tj ET Q q 0 0 0 rg BT 97.19 713.25 Td (competitive ) Tj ET Q q 0 0 0 rg BT 148.52 713.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 168.76 713.25 Td (structure ) Tj ET Q q 0 0 0 rg BT 207.88 713.25 Td (and ) Tj ET Q q 0 0 0 rg BT 226.44 713.25 Td (continue ) Tj ET Q q 0 0 0 rg BT 265.01 713.25 Td (as ) Tj ET Q q 0 0 0 rg BT 277.47 713.25 Td (a ) Tj ET Q q 0 0 0 rg BT 286.03 713.25 Td (going ) Tj ET Q q 0 0 0 rg BT 312.94 713.25 Td (concern ) Tj ET Q q 0 0 0 rg BT 348.72 713.25 Td (in ) Tj ET Q q 0 0 0 rg BT 360.63 713.25 Td (order ) Tj ET Q q 0 0 0 rg BT 385.85 713.25 Td (to ) Tj ET Q q 0 0 0 rg BT 397.76 713.25 Td (pursue ) Tj ET Q q 0 0 0 rg BT 428.55 713.25 Td (the ) Tj ET Q q 0 0 0 rg BT 444.90 713.25 Td (development, ) Tj ET Q q 0 0 0 rg BT 503.18 713.25 Td (production, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 701.25 Td (distribution, ) Tj ET Q q 0 0 0 rg BT 100.61 701.25 Td (and ) Tj ET Q q 0 0 0 rg BT 117.55 701.25 Td (licensing ) Tj ET Q q 0 0 0 rg BT 156.16 701.25 Td (of ) Tj ET Q q 0 0 0 rg BT 166.99 701.25 Td (its ) Tj ET Q q 0 0 0 rg BT 178.93 701.25 Td (film ) Tj ET Q q 0 0 0 rg BT 198.10 701.25 Td (and ) Tj ET Q q 0 0 0 rg BT 215.04 701.25 Td (television ) Tj ET Q q 0 0 0 rg BT 256.42 701.25 Td (properties, ) Tj ET Q q 0 0 0 rg BT 301.40 701.25 Td (and ) Tj ET Q q 0 0 0 rg BT 318.34 701.25 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 359.16 701.25 Td (operations. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 683.25 Td (T) Tj ET Q q 0 0 0 rg BT 72.91 683.25 Td (o ) Tj ET Q q 0 0 0 rg BT 80.16 683.25 Td (facilitate ) Tj ET Q q 0 0 0 rg BT 117.39 683.25 Td (the ) Tj ET Q q 0 0 0 rg BT 131.85 683.25 Td (management ) Tj ET Q q 0 0 0 rg BT 185.19 683.25 Td (of ) Tj ET Q q 0 0 0 rg BT 195.77 683.25 Td (its ) Tj ET Q q 0 0 0 rg BT 207.47 683.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 236.37 683.25 Td (structure, ) Tj ET Q q 0 0 0 rg BT 276.11 683.25 Td (the ) Tj ET Q q 0 0 0 rg BT 290.57 683.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 331.71 683.25 Td (prepares ) Tj ET Q q 0 0 0 rg BT 367.83 683.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 396.73 683.25 Td (expenditure ) Tj ET Q q 0 0 0 rg BT 446.18 683.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 486.20 683.25 Td (budgets ) Tj ET Q q 0 0 0 rg BT 519.56 683.25 Td (that ) Tj ET Q q 0 0 0 rg BT 536.80 683.25 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 671.25 Td (updated ) Tj ET Q q 0 0 0 rg BT 82.80 671.25 Td (as ) Tj ET Q q 0 0 0 rg BT 92.77 671.25 Td (necessary ) Tj ET Q q 0 0 0 rg BT 133.29 671.25 Td (depending ) Tj ET Q q 0 0 0 rg BT 176.59 671.25 Td (on ) Tj ET Q q 0 0 0 rg BT 188.23 671.25 Td (various ) Tj ET Q q 0 0 0 rg BT 219.31 671.25 Td (factors ) Tj ET Q q 0 0 0 rg BT 248.17 671.25 Td (such ) Tj ET Q q 0 0 0 rg BT 268.14 671.25 Td (as ) Tj ET Q q 0 0 0 rg BT 278.11 671.25 Td (material ) Tj ET Q q 0 0 0 rg BT 312.52 671.25 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 361.94 671.25 Td (and ) Tj ET Q q 0 0 0 rg BT 378.02 671.25 Td (including ) Tj ET Q q 0 0 0 rg BT 417.44 671.25 Td (industry ) Tj ET Q q 0 0 0 rg BT 451.86 671.25 Td (conditions ) Tj ET Q q 0 0 0 rg BT 495.17 671.25 Td (and ) Tj ET Q q 0 0 0 rg BT 511.25 671.25 Td (operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 659.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 69.77 659.25 Td (flow) Tj ET Q q 0 0 0 rg BT 87.45 659.25 Td (. ) Tj ET Q q 0 0 0 rg BT 92.27 659.25 Td (The ) Tj ET Q q 0 0 0 rg BT 110.32 659.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 139.47 659.25 Td (and ) Tj ET Q q 0 0 0 rg BT 156.41 659.25 Td (updated ) Tj ET Q q 0 0 0 rg BT 190.56 659.25 Td (budgets ) Tj ET Q q 0 0 0 rg BT 224.17 659.25 Td (are ) Tj ET Q q 0 0 0 rg BT 238.88 659.25 Td (reviewed ) Tj ET Q q 0 0 0 rg BT 278.03 659.25 Td (by ) Tj ET Q q 0 0 0 rg BT 290.53 659.25 Td (the ) Tj ET Q q 0 0 0 rg BT 305.24 659.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 332.18 659.25 Td (of ) Tj ET Q q 0 0 0 rg BT 343.01 659.25 Td (Directors.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 641.25 Td (The ) Tj ET Q q 0 0 0 rg BT 84.73 641.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 125.31 641.25 Td (monitors ) Tj ET Q q 0 0 0 rg BT 162.55 641.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 190.88 641.25 Td (using ) Tj ET Q q 0 0 0 rg BT 214.24 641.25 Td (a ) Tj ET Q q 0 0 0 rg BT 220.37 641.25 Td (number ) Tj ET Q q 0 0 0 rg BT 252.60 641.25 Td (of ) Tj ET Q q 0 0 0 rg BT 262.61 641.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 299.28 641.25 Td (ratios, ) Tj ET Q q 0 0 0 rg BT 325.68 641.25 Td (specifically) Tj ET Q q 0 0 0 rg BT 371.12 641.25 Td (, ) Tj ET Q q 0 0 0 rg BT 375.31 641.25 Td (as ) Tj ET Q q 0 0 0 rg BT 385.33 641.25 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.23 641.25 Td (June30, ) Tj ET Q q 0 0 0 rg BT 429.24 641.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.24 641.25 Td (, ) Tj ET Q q 0 0 0 rg BT 453.43 641.25 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 489.55 641.25 Td (to ) Tj ET Q q 0 0 0 rg BT 499.02 641.25 Td (the ) Tj ET Q q 0 0 0 rg BT 512.92 641.25 Td (amended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 629.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 78.11 629.25 Td (Secured ) Tj ET Q q 0 0 0 rg BT 112.82 629.25 Td (Credit ) Tj ET Q q 0 0 0 rg BT 139.76 629.25 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 189.18 629.25 Td (including ) Tj ET Q q 0 0 0 rg BT 229.46 629.25 Td (but ) Tj ET Q q 0 0 0 rg BT 244.73 629.25 Td (not ) Tj ET Q q 0 0 0 rg BT 260.01 629.25 Td (limited ) Tj ET Q q 0 0 0 rg BT 290.84 629.25 Td (to:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.50 611.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.50 611.25 Td (Leverage Ratio, defined as net funded debt \(the total of all obligations for borrowed money which bear interest or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.50 599.25 Td (imputed interest, net of all non-production related cash, excluding interim production financing, all capital lease ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.50 587.25 Td (obligations, and any contingent liabilities\) \() Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 272.35 587.25 Td (Net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.34 587.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 289.84 587.25 Td (Funded Debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.68 587.25 Td (\) to consolidated adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 491.21 587.25 Td ( \(rolling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.50 575.25 Td (consolidated adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 218.48 575.25 Td ( \(pro-forma last 12 months\) less foreign exchange gains or losses on intercompany ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.50 563.25 Td (debt, production-related EBITDA) Tj ET Q q 0 0 0 rg BT 228.18 563.25 Td ( and certain acquisition costs\); and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.50 551.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.50 551.25 Td (The Fixed Char) Tj ET Q q 0 0 0 rg BT 156.08 551.25 Td (ge Ratio, defined as consolidated adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 362.98 551.25 Td ( less current income taxes and unfunded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.50 539.25 Td (capital expenditures to fixed char) Tj ET Q q 0 0 0 rg BT 226.60 539.25 Td (ges \(consolidated interest expense and scheduled principal payments on Funded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.50 527.25 Td (Debt\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 503.25 Td (The ) Tj ET Q q 0 0 0 rg BT 85.55 503.25 Td (following ) Tj ET Q q 0 0 0 rg BT 126.93 503.25 Td (table ) Tj ET Q q 0 0 0 rg BT 148.87 503.25 Td (illustrates ) Tj ET Q q 0 0 0 rg BT 190.25 503.25 Td (the ) Tj ET Q q 0 0 0 rg BT 204.97 503.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 242.45 503.25 Td (ratios ) Tj ET Q q 0 0 0 rg BT 267.16 503.25 Td (calculated ) Tj ET Q q 0 0 0 rg BT 310.19 503.25 Td (on ) Tj ET Q q 0 0 0 rg BT 322.69 503.25 Td (a ) Tj ET Q q 0 0 0 rg BT 329.63 503.25 Td (rolling ) Tj ET Q q 0 0 0 rg BT 358.79 503.25 Td (twelve-month ) Tj ET Q q 0 0 0 rg BT 416.84 503.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 439.34 503.25 Td (as ) Tj ET Q q 0 0 0 rg BT 450.17 503.25 Td (at:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 324.25 477.48 Td (Measure targets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 419.25 477.48 Td (June 30, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.25 464.32 Td (Leverage Ratio) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.25 464.32 Td (< 3.5x) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.25 464.32 Td (2.23) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.25 450.32 Td (Fixed Charge Ratio) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.25 450.32 Td ( > 1.5x) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.25 450.32 Td (2.64) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 416.25 Td (As ) Tj ET Q q 0 0 0 rg BT 81.11 416.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.94 416.25 Td (June ) Tj ET Q q 0 0 0 rg BT 112.77 416.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 127.77 416.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.77 416.25 Td (, ) Tj ET Q q 0 0 0 rg BT 152.77 416.25 Td (the ) Tj ET Q q 0 0 0 rg BT 167.49 416.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 208.88 416.25 Td (is ) Tj ET Q q 0 0 0 rg BT 218.05 416.25 Td (in ) Tj ET Q q 0 0 0 rg BT 228.33 416.25 Td (compliance ) Tj ET Q q 0 0 0 rg BT 276.91 416.25 Td (with ) Tj ET Q q 0 0 0 rg BT 297.19 416.25 Td (these ) Tj ET Q q 0 0 0 rg BT 320.24 416.25 Td (ratios.) Tj ET Q endstream endobj 43 0 obj <> endobj 44 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6 0.6 0.6 rg BT 301.00 31.60 Td (21) Tj ET Q 1 1 1 rg /GS0 gs 79.00 643.50 207.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 79.00 628.50 207.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 79.00 613.50 207.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 79.00 598.50 207.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 79.00 574.50 207.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67 748.5 m 67 737.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67 748.5 m 79 748.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 79 748.5 m 286 748.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286 748.5 m 341 748.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341 748.5 m 396 748.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 748.5 m 451 748.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451 748.5 m 506 748.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562 748.5 m 562 737.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 748.5 m 562 748.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67 737.5 m 67 722.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562 737.5 m 562 722.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67 722.5 m 67 711.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562 722.5 m 562 711.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67 711.5 m 67 696.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562 711.5 m 562 696.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67 696.5 m 67 681.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562 696.5 m 562 681.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67 681.5 m 67 666.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562 681.5 m 562 666.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67 666.5 m 67 651.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286 666.5 m 341 666.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 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gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67 628.5 m 67 613.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562 628.5 m 562 613.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67 613.5 m 67 598.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562 613.5 m 562 598.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67 598.5 m 67 583.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286 583.5 m 341 583.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341 583.5 m 396 583.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 583.5 m 451 583.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451 583.5 m 506 583.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562 598.5 m 562 583.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 583.5 m 562 583.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67 583.5 m 67 574.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562 583.5 m 562 574.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67 574.5 m 67 559.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286 560.5 m 341 560.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286 558.5 m 341 558.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341 560.5 m 396 560.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341 558.5 m 396 558.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 560.5 m 451 560.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 558.5 m 451 558.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451 560.5 m 506 560.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451 558.5 m 506 558.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562 574.5 m 562 559.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 560.5 m 562 560.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 558.5 m 562 558.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67 559.5 m 67 547.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67 547.5 m 79 547.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 79 547.5 m 286 547.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286 547.5 m 341 547.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341 547.5 m 396 547.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 547.5 m 451 547.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451 547.5 m 506 547.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562 559.5 m 562 547.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 547.5 m 562 547.5 l s BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 69.50 727.17 Td () Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 81.50 727.40 Td (Contractual Obligations) Tj ET Q BT /F2 11.00 Tf ET BT /F2 7.15 Tf ET q 0 0 0 rg BT 195.48 732.38 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.50 727.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.50 727.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.50 727.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.50 727.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.50 727.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 701.17 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 81.50 700.75 Td (As of June 30, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.50 701.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.50 701.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.50 701.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.50 701.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.50 701.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 686.17 Td () Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 81.5 684.480078125 m 165.71484375 684.480078125 l s q 0 0 0 rg BT 81.50 685.73 Td (Payments Due by Period) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 304.25 670.73 Td (Total) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 349.00 670.73 Td (Fiscal 2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 413.00 678.73 Td (Fiscal ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 405.65 670.73 Td (2018-2019) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 468.00 678.73 Td (Fiscal ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 460.65 670.73 Td (2020-2021) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 513.45 678.73 Td (After) Tj ET Q q 0 0 0 rg BT 531.51 678.73 Td ( Fiscal ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 525.50 670.73 Td (2022) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 671.17 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 81.50 670.75 Td (\(All amounts are in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 656.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.50 656.17 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 311.00 655.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 366.00 655.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 421.00 655.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 476.00 655.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 531.50 655.73 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 633.17 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 81.50 632.75 Td (Capital lease for equipment \(principal and interest\)) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 244.55 636.38 Td (\(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 319.80 632.75 Td (4,795) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 374.80 632.75 Td (2,672) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 429.80 632.75 Td (1,966) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.80 632.75 Td (157) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 550.80 632.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 81.50 617.75 Td (Other Liabilities \(not discounted\)) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 188.36 621.38 Td (\(2\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 315.80 617.75 Td (17,644) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 384.80 617.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 425.80 617.75 Td (12,697) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 484.80 617.75 Td (4,947) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 550.80 617.75 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 603.17 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 81.50 602.75 Td (Long-term debt payments \(principal and interest\) ) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 241.00 606.38 Td (\(3\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 311.75 602.75 Td (373,007) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 370.80 602.75 Td (25,213) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 425.80 602.75 Td (49,301) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 480.80 602.75 Td (67,880) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.75 602.75 Td (230,613) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 588.17 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 81.50 587.75 Td (Operating leases ) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 136.59 591.38 Td (\(4\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 315.80 587.75 Td (53,935) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 374.80 587.75 Td (7,486) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 425.80 587.75 Td (13,567) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 484.80 587.75 Td (9,143) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.80 587.75 Td (23,739) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 564.17 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 81.50 563.73 Td (Total Contractual Obligations) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 311.75 563.75 Td (449,381) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 370.80 563.75 Td (35,371) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 425.80 563.75 Td (77,531) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 480.80 563.75 Td (82,127) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.75 563.75 Td (254,352) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 528.80 Td (\(1\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 528.80 Td (Pursuant to finance leases for video editing, leaseholds, and other of) Tj ET Q q 0 0 0 rg BT 303.52 528.80 Td (fice and production equipment, the obligations bear implied interest ranging ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 519.20 Td (from 4.0% to 9.8% and mature from July 2016 to February 2019. Principal balances are included in note 1) Tj ET Q q 0 0 0 rg BT 425.79 519.20 Td (1 to the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 451.78 519.20 Td (audited consolidated) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 517.76 519.20 Td ( financial ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 509.60 Td (statements for the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 144.37 509.60 Td (Fiscal 2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 181.48 509.60 Td (.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 500.00 Td (\(2\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 500.00 Td (Other liabilities include the tangible benefit obligation per DHX ) Tj ET Q q 0 0 0 rg BT 292.63 500.00 Td (T) Tj ET Q q 0 0 0 rg BT 296.96 500.00 Td (elevision acquisition and other contractual liabilities, and excludes an amount of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 490.40 Td ($9.58 million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 128.61 490.40 Td ( included in accounts payable and accrued liabilities.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 480.80 Td (\(3\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 480.80 Td (See note 1) Tj ET Q q 0 0 0 rg BT 118.53 480.80 Td (1\(c\) to the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 153.40 480.80 Td (audited consolidated) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 219.38 480.80 Td ( financial statements for ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 298.46 480.80 Td (Fiscal 2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 335.57 480.80 Td ( for details.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 471.20 Td (\(4\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 471.20 Td (Pursuant to operating leases. See note 18 to the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 238.36 471.20 Td (audited consolidated) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 304.34 471.20 Td ( financial statements for the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.19 471.20 Td (Fiscal 2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 432.30 471.20 Td ( for details.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 461.60 Td (\(5\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 461.60 Td (In addition to the totals above, the Company has interim production financing owing in the amount of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 412.99 461.60 Td ($92.00 million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 460.11 461.60 Td ( \(see note 1) Tj ET Q q 0 0 0 rg BT 496.46 461.60 Td (1b\) to the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 529.12 461.60 Td (audited ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 452.00 Td (consolidated) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 125.93 452.00 Td ( financial statements for the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 216.79 452.00 Td (Fiscal 2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 253.90 452.00 Td ( for further details\). ) Tj ET Q q 0 0 0 rg BT 318.39 452.00 Td (The Company also has entered into various contracts to buy broadcast ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 442.40 Td (rights with future commitments totalling $15.10 million.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 430.40 Td (Outlook) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 412.40 Td (The ) Tj ET Q q 0 0 0 rg BT 105.74 412.40 Td (Company) Tj ET Q q 0 0 0 rg BT 147.41 412.40 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.99 412.40 Td (June30, ) Tj ET Q q 0 0 0 rg BT 194.02 412.40 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.02 412.40 Td ( ) Tj ET Q q 0 0 0 rg BT 218.71 412.40 Td (balance ) Tj ET Q q 0 0 0 rg BT 253.94 412.40 Td (sheet ) Tj ET Q q 0 0 0 rg BT 279.18 412.40 Td (remains ) Tj ET Q q 0 0 0 rg BT 315.53 412.40 Td (strong ) Tj ET Q q 0 0 0 rg BT 345.22 412.40 Td (with ) Tj ET Q q 0 0 0 rg BT 367.70 412.40 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.15 412.40 Td ($80.4 ) Tj ET Q q 0 0 0 rg BT 457.34 412.40 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.23 412.40 Td ( ) Tj ET Q q 0 0 0 rg BT 490.93 412.40 Td (in ) Tj ET Q q 0 0 0 rg BT 503.40 412.40 Td (cash ) Tj ET Q q 0 0 0 rg BT 525.86 412.40 Td (on ) Tj ET Q q 0 0 0 rg BT 540.56 412.40 Td (hand. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 400.40 Td (Management ) Tj ET Q q 0 0 0 rg BT 122.27 400.40 Td (continues ) Tj ET Q q 0 0 0 rg BT 163.17 400.40 Td (to ) Tj ET Q q 0 0 0 rg BT 173.52 400.40 Td (focus ) Tj ET Q q 0 0 0 rg BT 197.75 400.40 Td (on ) Tj ET Q q 0 0 0 rg BT 210.32 400.40 Td (its ) Tj ET Q q 0 0 0 rg BT 222.34 400.40 Td (core ) Tj ET Q q 0 0 0 rg BT 242.12 400.40 Td (strengths ) Tj ET Q q 0 0 0 rg BT 280.80 400.40 Td (of ) Tj ET Q q 0 0 0 rg BT 291.70 400.40 Td (developing, ) Tj ET Q q 0 0 0 rg BT 341.20 400.40 Td (producing, ) Tj ET Q q 0 0 0 rg BT 386.82 400.40 Td (distributing ) Tj ET Q q 0 0 0 rg BT 435.50 400.40 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.52 400.40 Td (1) Tj ET Q q 0 0 0 rg BT 452.15 400.40 Td (1,800) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 400.40 Td ( ) Tj ET Q q 0 0 0 rg BT 477.22 400.40 Td (half-hour ) Tj ET Q q 0 0 0 rg BT 517.00 400.40 Td (library) Tj ET Q q 0 0 0 rg BT 543.01 400.40 Td (, ) Tj ET Q q 0 0 0 rg BT 548.08 400.40 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 388.40 Td (licensing ) Tj ET Q q 0 0 0 rg BT 106.55 388.40 Td (the ) Tj ET Q q 0 0 0 rg BT 121.71 388.40 Td (best ) Tj ET Q q 0 0 0 rg BT 140.77 388.40 Td (possible ) Tj ET Q q 0 0 0 rg BT 176.49 388.40 Td (quality ) Tj ET Q q 0 0 0 rg BT 207.21 388.40 Td (Children) Tj ET Q q 0 0 0 rg BT 244.99 388.40 Td (s ) Tj ET Q q 0 0 0 rg BT 251.83 388.40 Td (and ) Tj ET Q q 0 0 0 rg BT 269.21 388.40 Td (Family ) Tj ET Q q 0 0 0 rg BT 300.49 388.40 Td (programs ) Tj ET Q q 0 0 0 rg BT 341.21 388.40 Td (with ) Tj ET Q q 0 0 0 rg BT 361.93 388.40 Td (the ) Tj ET Q q 0 0 0 rg BT 377.10 388.40 Td (goal ) Tj ET Q q 0 0 0 rg BT 397.26 388.40 Td (of ) Tj ET Q q 0 0 0 rg BT 408.54 388.40 Td (increasing ) Tj ET Q q 0 0 0 rg BT 452.58 388.40 Td (cash ) Tj ET Q q 0 0 0 rg BT 473.29 388.40 Td (flows ) Tj ET Q q 0 0 0 rg BT 498.46 388.40 Td (from ) Tj ET Q q 0 0 0 rg BT 520.85 388.40 Td (operations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 376.40 Td (and ) Tj ET Q q 0 0 0 rg BT 84.07 376.40 Td (profitability ) Tj ET Q q 0 0 0 rg BT 133.98 376.40 Td (through ) Tj ET Q q 0 0 0 rg BT 167.22 376.40 Td (existing ) Tj ET Q q 0 0 0 rg BT 201.02 376.40 Td (production, ) Tj ET Q q 0 0 0 rg BT 248.98 376.40 Td (television, ) Tj ET Q q 0 0 0 rg BT 292.50 376.40 Td (and ) Tj ET Q q 0 0 0 rg BT 309.07 376.40 Td (distribution ) Tj ET Q q 0 0 0 rg BT 357.32 376.40 Td (streams ) Tj ET Q q 0 0 0 rg BT 390.00 376.40 Td (and ) Tj ET Q q 0 0 0 rg BT 406.58 376.40 Td (emer) Tj ET Q q 0 0 0 rg BT 426.38 376.40 Td (ging ) Tj ET Q q 0 0 0 rg BT 446.30 376.40 Td (distribution ) Tj ET Q q 0 0 0 rg BT 494.54 376.40 Td (including ) Tj ET Q q 0 0 0 rg BT 534.45 376.40 Td (digital, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 364.40 Td (music ) Tj ET Q q 0 0 0 rg BT 93.89 364.40 Td (and ) Tj ET Q q 0 0 0 rg BT 110.83 364.40 Td (M&L) Tj ET Q q 0 0 0 rg BT 133.23 364.40 Td ( ) Tj ET Q q 0 0 0 rg BT 135.73 364.40 Td (opportunities. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 346.40 Td (DHX ) Tj ET Q q 0 0 0 rg BT 108.94 346.40 Td (Media's ) Tj ET Q q 0 0 0 rg BT 141.95 346.40 Td (strategy ) Tj ET Q q 0 0 0 rg BT 175.38 346.40 Td (has ) Tj ET Q q 0 0 0 rg BT 190.48 346.40 Td (been ) Tj ET Q q 0 0 0 rg BT 211.13 346.40 Td (to ) Tj ET Q q 0 0 0 rg BT 220.67 346.40 Td (capitalize ) Tj ET Q q 0 0 0 rg BT 260.75 346.40 Td (on ) Tj ET Q q 0 0 0 rg BT 272.52 346.40 Td (the ) Tj ET Q q 0 0 0 rg BT 286.51 346.40 Td (growing ) Tj ET Q q 0 0 0 rg BT 321.61 346.40 Td (demand ) Tj ET Q q 0 0 0 rg BT 355.04 346.40 Td (for ) Tj ET Q q 0 0 0 rg BT 368.47 346.40 Td (children ) Tj ET Q q 0 0 0 rg BT 403.01 346.40 Td (and ) Tj ET Q q 0 0 0 rg BT 419.22 346.40 Td (family ) Tj ET Q q 0 0 0 rg BT 447.09 346.40 Td (content ) Tj ET Q q 0 0 0 rg BT 478.30 346.40 Td (in ) Tj ET Q q 0 0 0 rg BT 487.85 346.40 Td (today's ) Tj ET Q q 0 0 0 rg BT 517.53 346.40 Td (on-demand ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 334.40 Td (environment ) Tj ET Q q 0 0 0 rg BT 121.12 334.40 Td (with ) Tj ET Q q 0 0 0 rg BT 141.98 334.40 Td (the ) Tj ET Q q 0 0 0 rg BT 157.28 334.40 Td (goal ) Tj ET Q q 0 0 0 rg BT 177.58 334.40 Td (of ) Tj ET Q q 0 0 0 rg BT 188.99 334.40 Td (delivering ) Tj ET Q q 0 0 0 rg BT 232.61 334.40 Td (profitable ) Tj ET Q q 0 0 0 rg BT 274.57 334.40 Td (growth ) Tj ET Q q 0 0 0 rg BT 305.98 334.40 Td (through ) Tj ET Q q 0 0 0 rg BT 340.17 334.40 Td (multiple ) Tj ET Q q 0 0 0 rg BT 376.58 334.40 Td (revenue ) Tj ET Q q 0 0 0 rg BT 411.30 334.40 Td (streams. ) Tj ET Q q 0 0 0 rg BT 447.43 334.40 Td (Our ) Tj ET Q q 0 0 0 rg BT 466.06 334.40 Td (strategy ) Tj ET Q q 0 0 0 rg BT 500.80 334.40 Td (continues ) Tj ET Q q 0 0 0 rg BT 542.21 334.40 Td (to ) Tj ET Q q 0 0 0 rg BT 553.07 334.40 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 322.40 Td (guided ) Tj ET Q q 0 0 0 rg BT 97.00 322.40 Td (by ) Tj ET Q q 0 0 0 rg BT 109.29 322.40 Td (the ) Tj ET Q q 0 0 0 rg BT 123.79 322.40 Td (three ) Tj ET Q q 0 0 0 rg BT 146.06 322.40 Td (core ) Tj ET Q q 0 0 0 rg BT 165.55 322.40 Td (imperatives ) Tj ET Q q 0 0 0 rg BT 214.49 322.40 Td (of: ) Tj ET Q q 0 0 0 rg BT 227.88 322.40 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 241.83 322.40 Td (creating ) Tj ET Q q 0 0 0 rg BT 276.31 322.40 Td (engaging ) Tj ET Q q 0 0 0 rg BT 315.25 322.40 Td (kids' ) Tj ET Q q 0 0 0 rg BT 336.01 322.40 Td (content; ) Tj ET Q q 0 0 0 rg BT 370.51 322.40 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 384.45 322.40 Td (distributing ) Tj ET Q q 0 0 0 rg BT 432.85 322.40 Td (our ) Tj ET Q q 0 0 0 rg BT 448.47 322.40 Td (content ) Tj ET Q q 0 0 0 rg BT 480.19 322.40 Td (worldwide ) Tj ET Q q 0 0 0 rg BT 525.24 322.40 Td (across ) Tj ET Q q 0 0 0 rg BT 552.51 322.40 Td (all ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 310.40 Td (media ) Tj ET Q q 0 0 0 rg BT 93.75 310.40 Td (platforms, ) Tj ET Q q 0 0 0 rg BT 136.39 310.40 Td (and ) Tj ET Q q 0 0 0 rg BT 152.64 310.40 Td (now ) Tj ET Q q 0 0 0 rg BT 171.68 310.40 Td (specifically ) Tj ET Q q 0 0 0 rg BT 219.45 310.40 Td (W) Tj ET Q q 0 0 0 rg BT 228.49 310.40 Td (ildBrain; ) Tj ET Q q 0 0 0 rg BT 265.86 310.40 Td (and ) Tj ET Q q 0 0 0 rg BT 282.11 310.40 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 295.59 310.40 Td (leveraging ) Tj ET Q q 0 0 0 rg BT 339.61 310.40 Td (high-profile ) Tj ET Q q 0 0 0 rg BT 389.19 310.40 Td (global ) Tj ET Q q 0 0 0 rg BT 416.00 310.40 Td (brands ) Tj ET Q q 0 0 0 rg BT 444.47 310.40 Td (with ) Tj ET Q q 0 0 0 rg BT 464.06 310.40 Td (increased ) Tj ET Q q 0 0 0 rg BT 503.63 310.40 Td (merchandising ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 298.40 Td (and ) Tj ET Q q 0 0 0 rg BT 84.44 298.40 Td (licensing ) Tj ET Q q 0 0 0 rg BT 123.04 298.40 Td (and ) Tj ET Q q 0 0 0 rg BT 139.98 298.40 Td (other ) Tj ET Q q 0 0 0 rg BT 163.03 298.40 Td (ancillary ) Tj ET Q q 0 0 0 rg BT 200.51 298.40 Td (potential.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 280.40 Td (Consistent ) Tj ET Q q 0 0 0 rg BT 130.23 280.40 Td (with ) Tj ET Q q 0 0 0 rg BT 150.50 280.40 Td (these ) Tj ET Q q 0 0 0 rg BT 173.55 280.40 Td (imperatives, ) Tj ET Q q 0 0 0 rg BT 225.20 280.40 Td (Management ) Tj ET Q q 0 0 0 rg BT 279.90 280.40 Td (has ) Tj ET Q q 0 0 0 rg BT 295.73 280.40 Td (outlined ) Tj ET Q q 0 0 0 rg BT 331.01 280.40 Td (the ) Tj ET Q q 0 0 0 rg BT 345.72 280.40 Td (following ) Tj ET Q q 0 0 0 rg BT 387.11 280.40 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 429.05 280.40 Td (for ) Tj ET Q q 0 0 0 rg BT 443.21 280.40 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 467.37 280.40 Td (2017:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 76.5 263.9 m 76.5 248.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 76.5 263.9 m 218.5 263.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218.5 263.9 m 218.5 248.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 570.5 263.9 m 570.5 248.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218.5 263.9 m 570.5 263.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 76.5 248.89999999999998 m 76.5 217.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 76.5 248.89999999999998 m 218.5 248.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218.5 248.89999999999998 m 218.5 217.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 570.5 248.89999999999998 m 570.5 217.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218.5 248.89999999999998 m 570.5 248.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 76.5 217.89999999999998 m 76.5 202.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 76.5 217.89999999999998 m 218.5 217.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218.5 217.89999999999998 m 218.5 202.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 570.5 217.89999999999998 m 570.5 202.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218.5 217.89999999999998 m 570.5 217.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 76.5 202.89999999999998 m 76.5 185.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218.5 202.89999999999998 m 218.5 185.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 570.5 202.89999999999998 m 570.5 185.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 76.5 185.89999999999998 m 76.5 169.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 76.5 185.89999999999998 m 218.5 185.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218.5 185.89999999999998 m 218.5 169.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 570.5 185.89999999999998 m 570.5 169.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218.5 185.89999999999998 m 570.5 185.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 76.5 169.89999999999998 m 76.5 150.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218.5 169.89999999999998 m 218.5 150.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 570.5 169.89999999999998 m 570.5 150.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 76.5 150.89999999999998 m 76.5 126.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 76.5 126.89999999999998 m 218.5 126.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218.5 150.89999999999998 m 218.5 126.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 570.5 150.89999999999998 m 570.5 126.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218.5 126.89999999999998 m 570.5 126.89999999999998 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 79.00 253.58 Td (Strategic Priorities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 221.00 253.58 Td (F2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.00 222.57 Td (Expand content library) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.00 232.57 Td (Add approximately 150-225 half-hours of proprietary titles organically and through) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.00 222.57 Td (acquisition of third party titles.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.00 207.57 Td (Grow global distribution) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.00 207.57 Td (Target distribution revenue \(excluding WildBrain\) growth of 12-15%.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.00 190.57 Td (Grow views and watch times on WildBrains network and revenue growth of 30-70%.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.00 174.57 Td (Build out new brands) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.00 174.57 Td (Rollout new ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 272.67 174.57 Td (T) Tj ET Q q 0 0 0 rg BT 277.31 174.57 Td (eletubbies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.85 174.57 Td ( series and consumer product programs into new territories.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.00 155.57 Td (Continue to add new distribution and merchandise and licensing deals for ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 517.88 155.57 Td (T) Tj ET Q q 0 0 0 rg BT 522.52 155.57 Td (eletubbies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 563.06 155.57 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.00 141.47 Td (Advance development and production of new brands with consumer products) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.00 131.47 Td (potential.) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 45 0 obj <> endobj 46 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6 0.6 0.6 rg BT 301.00 31.60 Td (22) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 67.50 742.25 Td (Management) Tj ET Q q 0 0 0 rg BT 124.54 742.25 Td (s ) Tj ET Q q 0 0 0 rg BT 130.56 742.25 Td (Annual ) Tj ET Q q 0 0 0 rg BT 164.19 742.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 207.26 742.25 Td (T) Tj ET Q q 0 0 0 rg BT 212.45 742.25 Td (argets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 724.25 Td (Management ) Tj ET Q q 0 0 0 rg BT 142.61 724.25 Td (tar) Tj ET Q q 0 0 0 rg BT 152.98 724.25 Td (gets ) Tj ET Q q 0 0 0 rg BT 173.99 724.25 Td (the ) Tj ET Q q 0 0 0 rg BT 191.11 724.25 Td (mid-point ) Tj ET Q q 0 0 0 rg BT 235.46 724.25 Td (of ) Tj ET Q q 0 0 0 rg BT 248.70 724.25 Td (the ) Tj ET Q q 0 0 0 rg BT 265.82 724.25 Td (ranges ) Tj ET Q q 0 0 0 rg BT 296.83 724.25 Td (that ) Tj ET Q q 0 0 0 rg BT 316.73 724.25 Td (follow) Tj ET Q q 0 0 0 rg BT 342.19 724.25 Td (. ) Tj ET Q q 0 0 0 rg BT 349.24 724.25 Td (The ) Tj ET Q q 0 0 0 rg BT 369.70 724.25 Td (low-end ) Tj ET Q q 0 0 0 rg BT 407.37 724.25 Td (represents ) Tj ET Q q 0 0 0 rg BT 452.82 724.25 Td (contractual ) Tj ET Q q 0 0 0 rg BT 502.14 724.25 Td (likely ) Tj ET Q q 0 0 0 rg BT 529.82 724.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 554.17 724.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 712.25 Td (management's ) Tj ET Q q 0 0 0 rg BT 128.20 712.25 Td (conservative ) Tj ET Q q 0 0 0 rg BT 182.64 712.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 223.77 712.25 Td (for ) Tj ET Q q 0 0 0 rg BT 239.34 712.25 Td (each ) Tj ET Q q 0 0 0 rg BT 261.57 712.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 297.13 712.25 Td (stream. ) Tj ET Q q 0 0 0 rg BT 330.20 712.25 Td (For ) Tj ET Q q 0 0 0 rg BT 348.00 712.25 Td (example, ) Tj ET Q q 0 0 0 rg BT 388.29 712.25 Td (for ) Tj ET Q q 0 0 0 rg BT 403.86 712.25 Td (production ) Tj ET Q q 0 0 0 rg BT 451.10 712.25 Td (revenue, ) Tj ET Q q 0 0 0 rg BT 489.16 712.25 Td (proprietary ) Tj ET Q q 0 0 0 rg BT 537.50 712.25 Td (shows ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 700.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 106.38 700.25 Td (in ) Tj ET Q q 0 0 0 rg BT 116.94 700.25 Td (production ) Tj ET Q q 0 0 0 rg BT 163.05 700.25 Td (and ) Tj ET Q q 0 0 0 rg BT 180.28 700.25 Td (contracted ) Tj ET Q q 0 0 0 rg BT 224.70 700.25 Td (would ) Tj ET Q q 0 0 0 rg BT 252.49 700.25 Td (fall ) Tj ET Q q 0 0 0 rg BT 268.60 700.25 Td (in ) Tj ET Q q 0 0 0 rg BT 279.17 700.25 Td (the ) Tj ET Q q 0 0 0 rg BT 294.17 700.25 Td (low-end ) Tj ET Q q 0 0 0 rg BT 329.72 700.25 Td (of ) Tj ET Q q 0 0 0 rg BT 340.84 700.25 Td (the ) Tj ET Q q 0 0 0 rg BT 355.84 700.25 Td (range ) Tj ET Q q 0 0 0 rg BT 380.83 700.25 Td (and ) Tj ET Q q 0 0 0 rg BT 398.06 700.25 Td (only ) Tj ET Q q 0 0 0 rg BT 418.62 700.25 Td (be ) Tj ET Q q 0 0 0 rg BT 430.84 700.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 461.96 700.25 Td (to ) Tj ET Q q 0 0 0 rg BT 472.52 700.25 Td (delivery ) Tj ET Q q 0 0 0 rg BT 508.07 700.25 Td (or ) Tj ET Q q 0 0 0 rg BT 519.18 700.25 Td (scheduling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 688.25 Td (risk. ) Tj ET Q q 0 0 0 rg BT 87.99 688.25 Td (For ) Tj ET Q q 0 0 0 rg BT 104.87 688.25 Td (distribution ) Tj ET Q q 0 0 0 rg BT 153.97 688.25 Td (and ) Tj ET Q q 0 0 0 rg BT 171.40 688.25 Td (M&L-owned, ) Tj ET Q q 0 0 0 rg BT 229.65 688.25 Td (Management's ) Tj ET Q q 0 0 0 rg BT 290.54 688.25 Td (low-end ) Tj ET Q q 0 0 0 rg BT 326.29 688.25 Td (estimate ) Tj ET Q q 0 0 0 rg BT 362.60 688.25 Td (is ) Tj ET Q q 0 0 0 rg BT 372.26 688.25 Td (based ) Tj ET Q q 0 0 0 rg BT 398.02 688.25 Td (on ) Tj ET Q q 0 0 0 rg BT 411.01 688.25 Td (the ) Tj ET Q q 0 0 0 rg BT 426.21 688.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 473.78 688.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 508.43 688.25 Td (experience ) Tj ET Q q 0 0 0 rg BT 554.72 688.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 676.25 Td (executing ) Tj ET Q q 0 0 0 rg BT 109.17 676.25 Td (and ) Tj ET Q q 0 0 0 rg BT 126.41 676.25 Td (closing ) Tj ET Q q 0 0 0 rg BT 158.10 676.25 Td (licensing ) Tj ET Q q 0 0 0 rg BT 197.00 676.25 Td (deals ) Tj ET Q q 0 0 0 rg BT 220.34 676.25 Td (and ) Tj ET Q q 0 0 0 rg BT 237.58 676.25 Td (its ) Tj ET Q q 0 0 0 rg BT 249.83 676.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 278.18 676.25 Td (to ) Tj ET Q q 0 0 0 rg BT 288.76 676.25 Td (pull ) Tj ET Q q 0 0 0 rg BT 307.11 676.25 Td (a ) Tj ET Q q 0 0 0 rg BT 314.35 676.25 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 359.91 676.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 392.70 676.25 Td (of ) Tj ET Q q 0 0 0 rg BT 403.83 676.25 Td (the ) Tj ET Q q 0 0 0 rg BT 418.85 676.25 Td (potential ) Tj ET Q q 0 0 0 rg BT 456.63 676.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 478.87 676.25 Td (through ) Tj ET Q q 0 0 0 rg BT 512.78 676.25 Td (the ) Tj ET Q q 0 0 0 rg BT 527.80 676.25 Td (pipeline. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 664.25 Td (The ) Tj ET Q q 0 0 0 rg BT 85.92 664.25 Td (high-end ) Tj ET Q q 0 0 0 rg BT 124.34 664.25 Td (represents ) Tj ET Q q 0 0 0 rg BT 167.74 664.25 Td (the ) Tj ET Q q 0 0 0 rg BT 182.83 664.25 Td (likely ) Tj ET Q q 0 0 0 rg BT 208.48 664.25 Td (upper ) Tj ET Q q 0 0 0 rg BT 234.12 664.25 Td (boundary ) Tj ET Q q 0 0 0 rg BT 274.76 664.25 Td (of ) Tj ET Q q 0 0 0 rg BT 285.96 664.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 328.82 664.25 Td (possible ) Tj ET Q q 0 0 0 rg BT 364.47 664.25 Td (licensing ) Tj ET Q q 0 0 0 rg BT 403.44 664.25 Td (deals ) Tj ET Q q 0 0 0 rg BT 426.86 664.25 Td (not ) Tj ET Q q 0 0 0 rg BT 442.51 664.25 Td (yet ) Tj ET Q q 0 0 0 rg BT 457.60 664.25 Td (contracted. ) Tj ET Q q 0 0 0 rg BT 504.61 664.25 Td (Management's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 652.25 Td (Annual ) Tj ET Q q 0 0 0 rg BT 98.34 652.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 136.85 652.25 Td (T) Tj ET Q q 0 0 0 rg BT 142.26 652.25 Td (ar) Tj ET Q q 0 0 0 rg BT 149.85 652.25 Td (gets ) Tj ET Q q 0 0 0 rg BT 167.36 652.25 Td (included ) Tj ET Q q 0 0 0 rg BT 203.19 652.25 Td (in ) Tj ET Q q 0 0 0 rg BT 212.37 652.25 Td (this ) Tj ET Q q 0 0 0 rg BT 228.22 652.25 Td (section ) Tj ET Q q 0 0 0 rg BT 257.95 652.25 Td (has ) Tj ET Q q 0 0 0 rg BT 272.68 652.25 Td (been ) Tj ET Q q 0 0 0 rg BT 292.96 652.25 Td (prepared ) Tj ET Q q 0 0 0 rg BT 329.34 652.25 Td (by) Tj ET Q q 0 0 0 rg BT 338.69 652.25 Td (, ) Tj ET Q q 0 0 0 rg BT 342.59 652.25 Td (and ) Tj ET Q q 0 0 0 rg BT 358.43 652.25 Td (is ) Tj ET Q q 0 0 0 rg BT 366.50 652.25 Td (the ) Tj ET Q q 0 0 0 rg BT 380.12 652.25 Td (responsibility ) Tj ET Q q 0 0 0 rg BT 435.96 652.25 Td (of, ) Tj ET Q q 0 0 0 rg BT 448.19 652.25 Td (the ) Tj ET Q q 0 0 0 rg BT 461.81 652.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 507.79 652.25 Td (Management. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 640.25 Td (PricewaterhouseCoopers ) Tj ET Q q 0 0 0 rg BT 169.30 640.25 Td (LLP) Tj ET Q q 0 0 0 rg BT 186.70 640.25 Td ( ) Tj ET Q q 0 0 0 rg BT 189.08 640.25 Td (has ) Tj ET Q q 0 0 0 rg BT 204.80 640.25 Td (neither ) Tj ET Q q 0 0 0 rg BT 234.94 640.25 Td (examined, ) Tj ET Q q 0 0 0 rg BT 278.70 640.25 Td (compiled, ) Tj ET Q q 0 0 0 rg BT 320.79 640.25 Td (nor ) Tj ET Q q 0 0 0 rg BT 336.50 640.25 Td (performed ) Tj ET Q q 0 0 0 rg BT 380.53 640.25 Td (any ) Tj ET Q q 0 0 0 rg BT 397.35 640.25 Td (procedures ) Tj ET Q q 0 0 0 rg BT 443.60 640.25 Td (with ) Tj ET Q q 0 0 0 rg BT 463.76 640.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 494.46 640.25 Td (to ) Tj ET Q q 0 0 0 rg BT 504.62 640.25 Td (Management's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 628.25 Td (Annual ) Tj ET Q q 0 0 0 rg BT 99.70 628.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 139.47 628.25 Td (T) Tj ET Q q 0 0 0 rg BT 144.88 628.25 Td (ar) Tj ET Q q 0 0 0 rg BT 152.47 628.25 Td (gets; ) Tj ET Q q 0 0 0 rg BT 174.12 628.25 Td (and ) Tj ET Q q 0 0 0 rg BT 191.32 628.25 Td (accordingly) Tj ET Q q 0 0 0 rg BT 237.87 628.25 Td (, ) Tj ET Q q 0 0 0 rg BT 243.13 628.25 Td (PricewaterhouseCoopers ) Tj ET Q q 0 0 0 rg BT 345.31 628.25 Td (LLP) Tj ET Q q 0 0 0 rg BT 362.72 628.25 Td ( ) Tj ET Q q 0 0 0 rg BT 365.48 628.25 Td (does ) Tj ET Q q 0 0 0 rg BT 386.57 628.25 Td (not ) Tj ET Q q 0 0 0 rg BT 402.11 628.25 Td (express ) Tj ET Q q 0 0 0 rg BT 434.86 628.25 Td (an ) Tj ET Q q 0 0 0 rg BT 447.06 628.25 Td (opinion ) Tj ET Q q 0 0 0 rg BT 480.38 628.25 Td (or ) Tj ET Q q 0 0 0 rg BT 491.47 628.25 Td (any ) Tj ET Q q 0 0 0 rg BT 508.67 628.25 Td (other ) Tj ET Q q 0 0 0 rg BT 531.98 628.25 Td (form ) Tj ET Q q 0 0 0 rg BT 554.18 628.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 616.25 Td (assurance ) Tj ET Q q 0 0 0 rg BT 108.87 616.25 Td (with ) Tj ET Q q 0 0 0 rg BT 129.15 616.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 159.96 616.25 Td (to ) Tj ET Q q 0 0 0 rg BT 170.24 616.25 Td (this ) Tj ET Q q 0 0 0 rg BT 187.19 616.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 224.67 616.25 Td (information.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 598.25 Td (Management's ) Tj ET Q q 0 0 0 rg BT 145.90 598.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 175.05 598.25 Td (2017 ) Tj ET Q q 0 0 0 rg BT 197.55 598.25 Td (outlook ) Tj ET Q q 0 0 0 rg BT 230.61 598.25 Td (is ) Tj ET Q q 0 0 0 rg BT 239.78 598.25 Td (produced ) Tj ET Q q 0 0 0 rg BT 279.48 598.25 Td (below:) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 67.50 580.25 Td (Revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 562.25 Td (For ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 83.89 562.25 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 110.28 562.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.28 562.25 Td (, ) Tj ET Q q 0 0 0 rg BT 135.28 562.25 Td (DHX ) Tj ET Q q 0 0 0 rg BT 159.44 562.25 Td (expects ) Tj ET Q q 0 0 0 rg BT 191.93 562.25 Td (the ) Tj ET Q q 0 0 0 rg BT 206.65 562.25 Td (following ) Tj ET Q q 0 0 0 rg BT 248.03 562.25 Td (tar) Tj ET Q q 0 0 0 rg BT 258.40 562.25 Td (geted ) Tj ET Q q 0 0 0 rg BT 282.55 562.25 Td (ranges: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.50 544.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 544.25 Td (For ) Tj ET Q q 0 0 0 rg BT 120.49 544.25 Td (production ) Tj ET Q q 0 0 0 rg BT 166.91 544.25 Td (revenue: ) Tj ET Q q 0 0 0 rg BT 204.43 544.25 Td ($51-56 ) Tj ET Q q 0 0 0 rg BT 235.86 544.25 Td (million. ) Tj ET Q q 0 0 0 rg BT 270.35 544.25 Td (Management ) Tj ET Q q 0 0 0 rg BT 325.65 544.25 Td (expects ) Tj ET Q q 0 0 0 rg BT 358.73 544.25 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 397.92 544.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 432.66 544.25 Td (pacing ) Tj ET Q q 0 0 0 rg BT 462.42 544.25 Td (to ) Tj ET Q q 0 0 0 rg BT 473.29 544.25 Td (be ) Tj ET Q q 0 0 0 rg BT 485.83 544.25 Td (approximately ) Tj ET Q q 0 0 0 rg BT 546.68 544.25 Td (8%, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 532.25 Td (18%, ) Tj ET Q q 0 0 0 rg BT 126.83 532.25 Td (36%, ) Tj ET Q q 0 0 0 rg BT 150.16 532.25 Td (and ) Tj ET Q q 0 0 0 rg BT 167.10 532.25 Td (38% ) Tj ET Q q 0 0 0 rg BT 187.93 532.25 Td (for ) Tj ET Q q 0 0 0 rg BT 202.09 532.25 Td (Q1 ) Tj ET Q q 0 0 0 rg BT 216.81 532.25 Td (to ) Tj ET Q q 0 0 0 rg BT 227.09 532.25 Td (Q4, ) Tj ET Q q 0 0 0 rg BT 244.31 532.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 291.97 532.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.50 514.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 514.25 Td (For ) Tj ET Q q 0 0 0 rg BT 120.01 514.25 Td (producer ) Tj ET Q q 0 0 0 rg BT 158.17 514.25 Td (and ) Tj ET Q q 0 0 0 rg BT 175.22 514.25 Td (service ) Tj ET Q q 0 0 0 rg BT 206.16 514.25 Td (fee ) Tj ET Q q 0 0 0 rg BT 220.98 514.25 Td (revenues: ) Tj ET Q q 0 0 0 rg BT 261.92 514.25 Td ($51-56 ) Tj ET Q q 0 0 0 rg BT 292.87 514.25 Td (million. ) Tj ET Q q 0 0 0 rg BT 326.88 514.25 Td (Management ) Tj ET Q q 0 0 0 rg BT 381.70 514.25 Td (expects ) Tj ET Q q 0 0 0 rg BT 414.30 514.25 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 453.01 514.25 Td (pacing ) Tj ET Q q 0 0 0 rg BT 482.29 514.25 Td (to ) Tj ET Q q 0 0 0 rg BT 492.68 514.25 Td (be ) Tj ET Q q 0 0 0 rg BT 504.74 514.25 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 502.25 Td (22%, ) Tj ET Q q 0 0 0 rg BT 126.83 502.25 Td (22%, ) Tj ET Q q 0 0 0 rg BT 150.16 502.25 Td (30%, ) Tj ET Q q 0 0 0 rg BT 173.49 502.25 Td (and ) Tj ET Q q 0 0 0 rg BT 190.43 502.25 Td (26% ) Tj ET Q q 0 0 0 rg BT 211.26 502.25 Td (for ) Tj ET Q q 0 0 0 rg BT 225.42 502.25 Td (Q1 ) Tj ET Q q 0 0 0 rg BT 240.14 502.25 Td (to ) Tj ET Q q 0 0 0 rg BT 250.42 502.25 Td (Q4, ) Tj ET Q q 0 0 0 rg BT 267.64 502.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 315.30 502.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.50 484.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 484.25 Td (For ) Tj ET Q q 0 0 0 rg BT 120.15 484.25 Td (distribution ) Tj ET Q q 0 0 0 rg BT 169.02 484.25 Td (\(library\) ) Tj ET Q q 0 0 0 rg BT 205.09 484.25 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 245.88 484.25 Td (digital ) Tj ET Q q 0 0 0 rg BT 274.19 484.25 Td (and ) Tj ET Q q 0 0 0 rg BT 291.38 484.25 Td (traditional ) Tj ET Q q 0 0 0 rg BT 335.23 484.25 Td (distribution ) Tj ET Q q 0 0 0 rg BT 384.10 484.25 Td (revenue, ) Tj ET Q q 0 0 0 rg BT 421.00 484.25 Td (and ) Tj ET Q q 0 0 0 rg BT 438.00 484.25 Td (W) Tj ET Q q 0 0 0 rg BT 447.04 484.25 Td (ildBrain: ) Tj ET Q q 0 0 0 rg BT 485.34 484.25 Td ($76-80 ) Tj ET Q q 0 0 0 rg BT 516.43 484.25 Td (million ) Tj ET Q q 0 0 0 rg BT 548.08 484.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 472.25 Td ($24-31 ) Tj ET Q q 0 0 0 rg BT 134.27 472.25 Td (million, ) Tj ET Q q 0 0 0 rg BT 168.09 472.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 215.76 472.25 Td (. ) Tj ET Q q 0 0 0 rg BT 220.69 472.25 Td (Management ) Tj ET Q q 0 0 0 rg BT 275.33 472.25 Td (expects ) Tj ET Q q 0 0 0 rg BT 307.75 472.25 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 346.28 472.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 380.37 472.25 Td (pacing ) Tj ET Q q 0 0 0 rg BT 409.46 472.25 Td (to ) Tj ET Q q 0 0 0 rg BT 419.67 472.25 Td (be ) Tj ET Q q 0 0 0 rg BT 431.55 472.25 Td (approximately ) Tj ET Q q 0 0 0 rg BT 491.74 472.25 Td (15-20%, ) Tj ET Q q 0 0 0 rg BT 528.34 472.25 Td (25-30%, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 460.25 Td (30-35%, ) Tj ET Q q 0 0 0 rg BT 140.16 460.25 Td (and ) Tj ET Q q 0 0 0 rg BT 157.10 460.25 Td (20-25% ) Tj ET Q q 0 0 0 rg BT 191.26 460.25 Td (for ) Tj ET Q q 0 0 0 rg BT 205.42 460.25 Td (Q1 ) Tj ET Q q 0 0 0 rg BT 220.14 460.25 Td (to ) Tj ET Q q 0 0 0 rg BT 230.42 460.25 Td (Q4, ) Tj ET Q q 0 0 0 rg BT 247.64 460.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 295.30 460.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.50 442.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 442.25 Td (For ) Tj ET Q q 0 0 0 rg BT 121.20 442.25 Td (M&L-owned ) Tj ET Q q 0 0 0 rg BT 177.77 442.25 Td (brands ) Tj ET Q q 0 0 0 rg BT 208.24 442.25 Td (including ) Tj ET Q q 0 0 0 rg BT 249.81 442.25 Td (music, ) Tj ET Q q 0 0 0 rg BT 280.01 442.25 Td (royalty) Tj ET Q q 0 0 0 rg BT 307.68 442.25 Td (, ) Tj ET Q q 0 0 0 rg BT 313.99 442.25 Td (and ) Tj ET Q q 0 0 0 rg BT 332.23 442.25 Td (live ) Tj ET Q q 0 0 0 rg BT 351.03 442.25 Td (tour ) Tj ET Q q 0 0 0 rg BT 370.94 442.25 Td (revenue: ) Tj ET Q q 0 0 0 rg BT 409.17 442.25 Td ($28-34 ) Tj ET Q q 0 0 0 rg BT 441.31 442.25 Td (million. ) Tj ET Q q 0 0 0 rg BT 476.51 442.25 Td (Management ) Tj ET Q q 0 0 0 rg BT 532.51 442.25 Td (expects ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 430.25 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 142.09 430.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 176.24 430.25 Td (pacing ) Tj ET Q q 0 0 0 rg BT 205.39 430.25 Td (to ) Tj ET Q q 0 0 0 rg BT 215.67 430.25 Td (be ) Tj ET Q q 0 0 0 rg BT 227.61 430.25 Td (approximately ) Tj ET Q q 0 0 0 rg BT 287.87 430.25 Td (20%, ) Tj ET Q q 0 0 0 rg BT 311.20 430.25 Td (20%, ) Tj ET Q q 0 0 0 rg BT 334.53 430.25 Td (30%, ) Tj ET Q q 0 0 0 rg BT 357.86 430.25 Td (and ) Tj ET Q q 0 0 0 rg BT 374.80 430.25 Td (30% ) Tj ET Q q 0 0 0 rg BT 395.63 430.25 Td (for ) Tj ET Q q 0 0 0 rg BT 409.79 430.25 Td (Q1 ) Tj ET Q q 0 0 0 rg BT 424.51 430.25 Td (to ) Tj ET Q q 0 0 0 rg BT 434.79 430.25 Td (Q4, ) Tj ET Q q 0 0 0 rg BT 452.01 430.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 499.67 430.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.50 412.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 412.25 Td (For ) Tj ET Q q 0 0 0 rg BT 120.56 412.25 Td (M&L-represented: ) Tj ET Q q 0 0 0 rg BT 198.70 412.25 Td ($18-23 ) Tj ET Q q 0 0 0 rg BT 230.20 412.25 Td (million. ) Tj ET Q q 0 0 0 rg BT 264.76 412.25 Td (Management ) Tj ET Q q 0 0 0 rg BT 320.13 412.25 Td (expects ) Tj ET Q q 0 0 0 rg BT 353.29 412.25 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 392.55 412.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 427.36 412.25 Td (pacing ) Tj ET Q q 0 0 0 rg BT 457.19 412.25 Td (to ) Tj ET Q q 0 0 0 rg BT 468.13 412.25 Td (be ) Tj ET Q q 0 0 0 rg BT 480.74 412.25 Td (approximately ) Tj ET Q q 0 0 0 rg BT 541.67 412.25 Td (23%, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 400.25 Td (20%, ) Tj ET Q q 0 0 0 rg BT 126.83 400.25 Td (21%, ) Tj ET Q q 0 0 0 rg BT 150.16 400.25 Td (and ) Tj ET Q q 0 0 0 rg BT 167.10 400.25 Td (36% ) Tj ET Q q 0 0 0 rg BT 187.93 400.25 Td (for ) Tj ET Q q 0 0 0 rg BT 202.09 400.25 Td (Q1 ) Tj ET Q q 0 0 0 rg BT 216.81 400.25 Td (to ) Tj ET Q q 0 0 0 rg BT 227.09 400.25 Td (Q4, ) Tj ET Q q 0 0 0 rg BT 244.31 400.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 291.97 400.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.50 382.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 382.25 Td (For ) Tj ET Q q 0 0 0 rg BT 119.89 382.25 Td (other ) Tj ET Q q 0 0 0 rg BT 142.94 382.25 Td (revenue, ) Tj ET Q q 0 0 0 rg BT 179.58 382.25 Td (including ) Tj ET Q q 0 0 0 rg BT 219.86 382.25 Td (new ) Tj ET Q q 0 0 0 rg BT 239.02 382.25 Td (media: ) Tj ET Q q 0 0 0 rg BT 268.73 382.25 Td ($1-3 ) Tj ET Q q 0 0 0 rg BT 289.56 382.25 Td (million. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.50 364.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 364.25 Td (For ) Tj ET Q q 0 0 0 rg BT 120.45 364.25 Td (DHX ) Tj ET Q q 0 0 0 rg BT 144.96 364.25 Td (TV) Tj ET Q q 0 0 0 rg BT 157.55 364.25 Td (: ) Tj ET Q q 0 0 0 rg BT 163.39 364.25 Td ($63-68 ) Tj ET Q q 0 0 0 rg BT 194.78 364.25 Td (million ) Tj ET Q q 0 0 0 rg BT 226.74 364.25 Td (\(see ) Tj ET Q q 0 0 0 rg BT 245.90 364.25 Td ("DHX ) Tj ET Q q 0 0 0 rg BT 274.49 364.25 Td (TV) Tj ET Q q 0 0 0 rg BT 287.64 364.25 Td ( ) Tj ET Q q 0 0 0 rg BT 290.70 364.25 Td (Update" ) Tj ET Q q 0 0 0 rg BT 326.72 364.25 Td (section ) Tj ET Q q 0 0 0 rg BT 358.11 364.25 Td (for ) Tj ET Q q 0 0 0 rg BT 372.83 364.25 Td (further ) Tj ET Q q 0 0 0 rg BT 403.10 364.25 Td (details\). ) Tj ET Q q 0 0 0 rg BT 438.10 364.25 Td (Management ) Tj ET Q q 0 0 0 rg BT 493.37 364.25 Td (expects ) Tj ET Q q 0 0 0 rg BT 526.41 364.25 Td (quarterly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 352.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 137.65 352.25 Td (pacing ) Tj ET Q q 0 0 0 rg BT 166.80 352.25 Td (to ) Tj ET Q q 0 0 0 rg BT 177.08 352.25 Td (be ) Tj ET Q q 0 0 0 rg BT 189.02 352.25 Td (approximately ) Tj ET Q q 0 0 0 rg BT 249.28 352.25 Td (24%, ) Tj ET Q q 0 0 0 rg BT 272.61 352.25 Td (26%, ) Tj ET Q q 0 0 0 rg BT 295.94 352.25 Td (25%, ) Tj ET Q q 0 0 0 rg BT 319.27 352.25 Td (and ) Tj ET Q q 0 0 0 rg BT 336.21 352.25 Td (25% ) Tj ET Q q 0 0 0 rg BT 357.04 352.25 Td (for ) Tj ET Q q 0 0 0 rg BT 371.20 352.25 Td (Q1 ) Tj ET Q q 0 0 0 rg BT 385.92 352.25 Td (to ) Tj ET Q q 0 0 0 rg BT 396.20 352.25 Td (Q4, ) Tj ET Q q 0 0 0 rg BT 413.42 352.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 461.08 352.25 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 67.50 334.25 Td (Gr) Tj ET Q q 0 0 0 rg BT 78.24 334.25 Td (oss ) Tj ET Q q 0 0 0 rg BT 93.53 334.25 Td (Mar) Tj ET Q q 0 0 0 rg BT 110.38 334.25 Td (gins) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 316.25 Td (Management ) Tj ET Q q 0 0 0 rg BT 122.20 316.25 Td (has ) Tj ET Q q 0 0 0 rg BT 138.03 316.25 Td (set ) Tj ET Q q 0 0 0 rg BT 151.64 316.25 Td (the ) Tj ET Q q 0 0 0 rg BT 166.36 316.25 Td (following ) Tj ET Q q 0 0 0 rg BT 207.74 316.25 Td (tar) Tj ET Q q 0 0 0 rg BT 218.11 316.25 Td (get ) Tj ET Q q 0 0 0 rg BT 232.83 316.25 Td (ranges ) Tj ET Q q 0 0 0 rg BT 261.43 316.25 Td (for ) Tj ET Q q 0 0 0 rg BT 275.59 316.25 Td (gross ) Tj ET Q q 0 0 0 rg BT 299.20 316.25 Td (mar) Tj ET Q q 0 0 0 rg BT 314.57 316.25 Td (gins ) Tj ET Q q 0 0 0 rg BT 333.74 316.25 Td (across ) Tj ET Q q 0 0 0 rg BT 361.23 316.25 Td (its ) Tj ET Q q 0 0 0 rg BT 373.17 316.25 Td (various ) Tj ET Q q 0 0 0 rg BT 405.11 316.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 439.26 316.25 Td (categories:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.00 289.42 Td (Expected Quarterly Ranges) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.70 289.42 Td (Expected Annual Ranges) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.50 274.42 Td (Proprietary Production) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.15 274.42 Td (25-40%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 274.42 Td (34-37%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.50 259.42 Td (Production Service) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.15 259.42 Td (35-50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 259.42 Td (40-45%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.50 244.42 Td (Distribution) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.15 244.42 Td (55-75%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.65 244.42 Td (62.5-67.5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.50 229.42 Td (WildBrain) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.80 229.42 Td (55%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.80 229.42 Td (55%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.50 214.42 Td (M&L-owned) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.15 214.42 Td (50-65%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.65 214.42 Td (57.5-62.5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.50 199.42 Td (DHX Television) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.15 199.42 Td (55-75%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.65 199.42 Td (62-65%*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.50 184.42 Td (M&L-represented) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.30 184.42 Td (100%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.30 184.42 Td (100%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.50 169.42 Td (Other, including New Media) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.15 169.42 Td (10-40%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 169.42 Td (20-30%) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 67.50 147.25 Td (Operating ) Tj ET Q q 0 0 0 rg BT 111.11 147.25 Td (Expenses ) Tj ET Q q 0 0 0 rg BT 150.82 147.25 Td (\(Income\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 129.25 Td (For ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.92 129.25 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 128.33 129.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.33 129.25 Td (, ) Tj ET Q q 0 0 0 rg BT 153.36 129.25 Td (DHX ) Tj ET Q q 0 0 0 rg BT 177.55 129.25 Td (expects ) Tj ET Q q 0 0 0 rg BT 210.06 129.25 Td (normalized ) Tj ET Q q 0 0 0 rg BT 257.57 129.25 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 296.19 129.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 316.49 129.25 Td (SG&A) Tj ET Q q 0 0 0 rg BT 343.72 129.25 Td ( ) Tj ET Q q 0 0 0 rg BT 346.24 129.25 Td (to ) Tj ET Q q 0 0 0 rg BT 356.55 129.25 Td (range ) Tj ET Q q 0 0 0 rg BT 381.28 129.25 Td (from ) Tj ET Q q 0 0 0 rg BT 403.25 129.25 Td ($17-18 ) Tj ET Q q 0 0 0 rg BT 434.11 129.25 Td (million, ) Tj ET Q q 0 0 0 rg BT 468.02 129.25 Td (including ) Tj ET Q q 0 0 0 rg BT 508.32 129.25 Td (all ) Tj ET Q q 0 0 0 rg BT 520.85 129.25 Td (operations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 117.25 Td (as ) Tj ET Q q 0 0 0 rg BT 77.34 117.25 Td (we ) Tj ET Q q 0 0 0 rg BT 90.50 117.25 Td (continue ) Tj ET Q q 0 0 0 rg BT 126.44 117.25 Td (to ) Tj ET Q q 0 0 0 rg BT 135.72 117.25 Td (ramp ) Tj ET Q q 0 0 0 rg BT 157.78 117.25 Td (up ) Tj ET Q q 0 0 0 rg BT 169.28 117.25 Td (in ) Tj ET Q q 0 0 0 rg BT 178.56 117.25 Td (both ) Tj ET Q q 0 0 0 rg BT 197.85 117.25 Td (distribution ) Tj ET Q q 0 0 0 rg BT 245.47 117.25 Td (and ) Tj ET Q q 0 0 0 rg BT 261.41 117.25 Td (M&L) Tj ET Q q 0 0 0 rg BT 283.82 117.25 Td ( ) Tj ET Q q 0 0 0 rg BT 285.32 117.25 Td (to ) Tj ET Q q 0 0 0 rg BT 294.61 117.25 Td (take ) Tj ET Q q 0 0 0 rg BT 312.77 117.25 Td (advantage ) Tj ET Q q 0 0 0 rg BT 354.81 117.25 Td (of ) Tj ET Q q 0 0 0 rg BT 364.64 117.25 Td (emer) Tj ET Q q 0 0 0 rg BT 384.45 117.25 Td (ging ) Tj ET Q q 0 0 0 rg BT 403.73 117.25 Td (growth ) Tj ET Q q 0 0 0 rg BT 433.56 117.25 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 487.84 117.25 Td (in ) Tj ET Q q 0 0 0 rg BT 497.13 117.25 Td (digital ) Tj ET Q q 0 0 0 rg BT 524.18 117.25 Td (platforms ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 105.25 Td (and ) Tj ET Q q 0 0 0 rg BT 85.14 105.25 Td (new ) Tj ET Q q 0 0 0 rg BT 105.00 105.25 Td (territories. ) Tj ET Q q 0 0 0 rg BT 149.57 105.25 Td (Resources ) Tj ET Q q 0 0 0 rg BT 193.86 105.25 Td (will ) Tj ET Q q 0 0 0 rg BT 212.62 105.25 Td (also ) Tj ET Q q 0 0 0 rg BT 231.92 105.25 Td (continue ) Tj ET Q q 0 0 0 rg BT 269.56 105.25 Td (to ) Tj ET Q q 0 0 0 rg BT 280.53 105.25 Td (be ) Tj ET Q q 0 0 0 rg BT 293.17 105.25 Td (added ) Tj ET Q q 0 0 0 rg BT 320.24 105.25 Td (to ) Tj ET Q q 0 0 0 rg BT 331.22 105.25 Td (grow ) Tj ET Q q 0 0 0 rg BT 354.97 105.25 Td (the ) Tj ET Q q 0 0 0 rg BT 370.39 105.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 417.93 105.25 Td (W) Tj ET Q q 0 0 0 rg BT 426.97 105.25 Td (ildbrain ) Tj ET Q q 0 0 0 rg BT 461.27 105.25 Td (Multi-Platform ) Tj ET Q q 0 0 0 rg BT 525.02 105.25 Td (Network. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 93.25 Td (Management ) Tj ET Q q 0 0 0 rg BT 122.42 93.25 Td (expects ) Tj ET Q q 0 0 0 rg BT 155.12 93.25 Td (this ) Tj ET Q q 0 0 0 rg BT 172.28 93.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 218.88 93.25 Td (will ) Tj ET Q q 0 0 0 rg BT 237.15 93.25 Td (pay ) Tj ET Q q 0 0 0 rg BT 254.30 93.25 Td (of) Tj ET Q q 0 0 0 rg BT 262.45 93.25 Td (f ) Tj ET Q q 0 0 0 rg BT 268.50 93.25 Td (in ) Tj ET Q q 0 0 0 rg BT 278.99 93.25 Td (the ) Tj ET Q q 0 0 0 rg BT 293.92 93.25 Td (years ) Tj ET Q q 0 0 0 rg BT 317.73 93.25 Td (to ) Tj ET Q q 0 0 0 rg BT 328.23 93.25 Td (come ) Tj ET Q q 0 0 0 rg BT 352.60 93.25 Td (with ) Tj ET Q q 0 0 0 rg BT 373.09 93.25 Td (continued ) Tj ET Q q 0 0 0 rg BT 415.24 93.25 Td (digital ) Tj ET Q q 0 0 0 rg BT 443.51 93.25 Td (territory ) Tj ET Q q 0 0 0 rg BT 478.98 93.25 Td (expansion, ) Tj ET Q q 0 0 0 rg BT 524.75 93.25 Td (increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 81.25 Td (M&L) Tj ET Q q 0 0 0 rg BT 89.91 81.25 Td ( ) Tj ET Q q 0 0 0 rg BT 92.48 81.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 130.58 81.25 Td (from ) Tj ET Q q 0 0 0 rg BT 152.59 81.25 Td (owned ) Tj ET Q q 0 0 0 rg BT 181.82 81.25 Td (properties, ) Tj ET Q q 0 0 0 rg BT 226.88 81.25 Td (and ) Tj ET Q q 0 0 0 rg BT 243.89 81.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 283.64 81.25 Td (A) Tj ET Q q 0 0 0 rg BT 289.57 81.25 Td (VOD ) Tj ET Q q 0 0 0 rg BT 313.81 81.25 Td (revenues. ) Tj ET Q q 0 0 0 rg BT 354.42 81.25 Td (In ) Tj ET Q q 0 0 0 rg BT 365.32 81.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 403.16 81.25 Td (and ) Tj ET Q q 0 0 0 rg BT 420.17 81.25 Td (lar) Tj ET Q q 0 0 0 rg BT 430.53 81.25 Td (gely ) Tj ET Q q 0 0 0 rg BT 450.32 81.25 Td (as ) Tj ET Q q 0 0 0 rg BT 461.22 81.25 Td (the ) Tj ET Q q 0 0 0 rg BT 476.01 81.25 Td (fall ) Tj ET Q q 0 0 0 rg BT 491.90 81.25 Td (television ) Tj ET Q q 0 0 0 rg BT 533.35 81.25 Td (launch, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 69.25 Td (DHX ) Tj ET Q q 0 0 0 rg BT 91.81 69.25 Td (expects ) Tj ET Q q 0 0 0 rg BT 124.45 69.25 Td (to ) Tj ET Q q 0 0 0 rg BT 134.87 69.25 Td (invest ) Tj ET Q q 0 0 0 rg BT 161.41 69.25 Td (an ) Tj ET Q q 0 0 0 rg BT 173.49 69.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 216.13 69.25 Td ($1 ) Tj ET Q q 0 0 0 rg BT 228.78 69.25 Td (million ) Tj ET Q q 0 0 0 rg BT 260.32 69.25 Td (in ) Tj ET Q q 0 0 0 rg BT 270.75 69.25 Td (marketing ) Tj ET Q q 0 0 0 rg BT 313.94 69.25 Td (and ) Tj ET Q q 0 0 0 rg BT 331.02 69.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 353.11 69.25 Td (ef) Tj ET Q q 0 0 0 rg BT 360.70 69.25 Td (forts ) Tj ET Q q 0 0 0 rg BT 381.67 69.25 Td (to ) Tj ET Q q 0 0 0 rg BT 392.10 69.25 Td (complete ) Tj ET Q q 0 0 0 rg BT 431.40 69.25 Td (the ) Tj ET Q q 0 0 0 rg BT 446.26 69.25 Td (rebranding ) Tj ET Q q 0 0 0 rg BT 492.23 69.25 Td (strategy ) Tj ET Q q 0 0 0 rg BT 526.53 69.25 Td (for ) Tj ET Q q 0 0 0 rg BT 540.84 69.25 Td (DHX ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 57.25 Td (T) Tj ET Q q 0 0 0 rg BT 72.91 57.25 Td (elevision.) Tj ET Q endstream endobj 47 0 obj <> endobj 48 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6 0.6 0.6 rg BT 301.00 31.60 Td (23) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 85.50 742.10 Td (For ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.89 742.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 130.28 742.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.28 742.10 Td (, ) Tj ET Q q 0 0 0 rg BT 156.28 742.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 210.32 742.10 Td (for ) Tj ET Q q 0 0 0 rg BT 225.48 742.10 Td (all ) Tj ET Q q 0 0 0 rg BT 238.97 742.10 Td (categories ) Tj ET Q q 0 0 0 rg BT 283.00 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 300.94 742.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 336.65 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 348.48 742.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 386.40 742.10 Td (libraries ) Tj ET Q q 0 0 0 rg BT 422.67 742.10 Td (for ) Tj ET Q q 0 0 0 rg BT 437.83 742.10 Td (all ) Tj ET Q q 0 0 0 rg BT 451.32 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706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 523.62 706.10 Td (following ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 694.10 Td (ranges ) Tj ET Q q 0 0 0 rg BT 95.37 694.10 Td (respectively: ) Tj ET Q q 0 0 0 rg BT 148.22 694.10 Td ($3-4 ) Tj ET Q q 0 0 0 rg BT 168.32 694.10 Td (million ) Tj ET Q q 0 0 0 rg BT 198.98 694.10 Td (and ) Tj ET Q q 0 0 0 rg BT 215.18 694.10 Td ($1.5-2.5 ) Tj ET Q q 0 0 0 rg BT 250.28 694.10 Td (million. ) Tj ET Q q 0 0 0 rg BT 283.44 694.10 Td (For ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.09 694.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 324.75 694.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.75 694.10 Td (, ) Tj ET Q q 0 0 0 rg BT 349.01 694.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 368.55 694.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 399.74 694.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 433.71 694.10 Td (is ) Tj ET Q q 0 0 0 rg BT 442.15 694.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 479.45 694.10 Td (to ) Tj ET Q q 0 0 0 rg BT 488.99 694.10 Td (range ) Tj ET 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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 664.10 Td (As ) Tj ET Q q 0 0 0 rg BT 98.34 664.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 142.29 664.10 Td (disclosed, ) Tj ET Q q 0 0 0 rg BT 183.74 664.10 Td (in ) Tj ET Q q 0 0 0 rg BT 193.25 664.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 218.87 664.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 243.10 664.10 Td (the ) Tj ET Q q 0 0 0 rg BT 257.05 664.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 297.66 664.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 334.37 664.10 Td (a ) Tj ET Q q 0 0 0 rg BT 340.54 664.10 Td (non-recurring ) Tj ET Q q 0 0 0 rg BT 397.25 664.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 431.18 664.10 Td (for ) Tj ET Q q 0 0 0 rg BT 444.57 664.10 Td (the ) Tj ET Q q 0 0 0 rg BT 458.52 664.10 Td (tangible ) Tj ET Q q 0 0 0 rg BT 492.47 664.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 521.96 664.10 Td (obligation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 652.10 Td (related ) Tj ET Q q 0 0 0 rg BT 97.15 652.10 Td (to ) Tj ET Q q 0 0 0 rg BT 107.38 652.10 Td (the ) Tj ET Q q 0 0 0 rg BT 122.05 652.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 168.38 652.10 Td (of ) Tj ET Q q 0 0 0 rg BT 179.17 652.10 Td (DHX ) Tj ET Q q 0 0 0 rg BT 203.10 652.10 Td (T) Tj ET Q q 0 0 0 rg BT 208.51 652.10 Td (elevision ) Tj ET Q q 0 0 0 rg BT 247.07 652.10 Td (of ) Tj ET Q q 0 0 0 rg BT 257.85 652.10 Td ($14.2 ) Tj ET Q q 0 0 0 rg BT 282.80 652.10 Td (million. ) Tj ET Q q 0 0 0 rg BT 316.64 652.10 Td (During ) Tj ET Q q 0 0 0 rg BT 347.43 652.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 373.76 652.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 398.71 652.10 Td (the ) Tj ET Q q 0 0 0 rg BT 413.38 652.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 454.72 652.10 Td (expects ) Tj ET Q q 0 0 0 rg BT 487.16 652.10 Td (to ) Tj ET Q q 0 0 0 rg BT 497.39 652.10 Td (use ) Tj ET Q q 0 0 0 rg BT 513.17 652.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 533.39 652.10 Td (of ) Tj ET Q q 0 0 0 rg BT 544.17 652.10 Td ($2-3 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 640.10 Td (million ) Tj ET Q q 0 0 0 rg BT 98.89 640.10 Td (to ) Tj ET Q q 0 0 0 rg BT 109.17 640.10 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 137.78 640.10 Td (the ) Tj ET Q q 0 0 0 rg BT 152.50 640.10 Td (tangible ) Tj ET Q q 0 0 0 rg BT 187.21 640.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 217.47 640.10 Td (obligation.) 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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 556.10 Td (As ) Tj ET Q q 0 0 0 rg BT 99.28 556.10 Td (noted, ) Tj ET Q q 0 0 0 rg BT 126.67 556.10 Td (results ) Tj ET Q q 0 0 0 rg BT 155.45 556.10 Td (of ) Tj ET Q q 0 0 0 rg BT 166.45 556.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 210.78 556.10 Td (for ) Tj ET Q q 0 0 0 rg BT 225.11 556.10 Td (any ) Tj ET Q q 0 0 0 rg BT 242.22 556.10 Td (period ) Tj ET Q q 0 0 0 rg BT 270.44 556.10 Td (are ) Tj ET Q q 0 0 0 rg BT 285.31 556.10 Td (dependent ) Tj ET Q q 0 0 0 rg BT 329.08 556.10 Td (on ) Tj ET Q q 0 0 0 rg BT 341.75 556.10 Td (the ) Tj ET Q q 0 0 0 rg BT 356.64 556.10 Td (number ) Tj ET Q q 0 0 0 rg BT 389.86 556.10 Td (and ) Tj ET Q q 0 0 0 rg BT 406.96 556.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 435.75 556.10 Td (of ) Tj ET Q q 0 0 0 rg BT 446.75 556.10 Td (film ) Tj ET Q q 0 0 0 rg BT 466.09 556.10 Td (and ) Tj ET Q q 0 0 0 rg BT 483.20 556.10 Td (television ) Tj ET Q q 0 0 0 rg BT 524.75 556.10 Td (programs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 544.10 Td (delivered ) Tj ET Q q 0 0 0 rg BT 107.20 544.10 Td (and ) Tj ET Q q 0 0 0 rg BT 124.14 544.10 Td (the ) Tj ET Q q 0 0 0 rg BT 138.86 544.10 Td (licensing ) Tj ET Q q 0 0 0 rg BT 177.46 544.10 Td (deals ) Tj ET Q q 0 0 0 rg BT 200.51 544.10 Td (contracted; ) Tj ET Q q 0 0 0 rg BT 247.43 544.10 Td (accordingly) Tj ET Q q 0 0 0 rg BT 293.98 544.10 Td (, ) Tj ET Q q 0 0 0 rg BT 298.98 544.10 Td (period ) Tj ET Q q 0 0 0 rg BT 327.03 544.10 Td (results ) Tj ET Q q 0 0 0 rg BT 355.63 544.10 Td (may ) Tj ET Q q 0 0 0 rg BT 375.35 544.10 Td (vary) Tj ET Q q 0 0 0 rg BT 392.47 544.10 Td (.) 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Td (, ) Tj ET Q q 0 0 0 rg BT 424.40 508.10 Td (performing ) Tj ET Q q 0 0 0 rg BT 471.90 508.10 Td (7 ) Tj ET Q q 0 0 0 rg BT 479.41 508.10 Td (shows ) Tj ET Q q 0 0 0 rg BT 506.93 508.10 Td (in ) Tj ET Q q 0 0 0 rg BT 517.22 508.10 Td (7 ) Tj ET Q q 0 0 0 rg BT 524.74 508.10 Td (Canadian ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 496.10 Td (cities.During ) Tj ET Q q 0 0 0 rg BT 124.67 496.10 Td (Q3 ) Tj ET Q q 0 0 0 rg BT 139.62 496.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 164.86 496.10 Td (the ) Tj ET Q q 0 0 0 rg BT 179.81 496.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 221.43 496.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 265.82 496.10 Td (the ) Tj ET Q q 0 0 0 rg BT 280.77 496.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 325.72 496.10 Td (announced ) Tj ET Q q 0 0 0 rg BT 371.77 496.10 Td (22 ) Tj ET Q q 0 0 0 rg BT 384.50 496.10 Td (city ) Tj ET Q q 0 0 0 rg BT 402.23 496.10 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 442.73 496.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 474.35 496.10 Td (of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 485.42 496.10 Td (The ) Tj ET Q q 0 0 0 rg BT 503.15 496.10 Td (Next ) Tj ET Q q 0 0 0 rg BT 524.21 496.10 Td (Step ) Tj ET Q q 0 0 0 rg BT 544.16 496.10 Td (W) Tj ET Q q 0 0 0 rg BT 551.94 496.10 Td (ild ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 67.50 484.10 Td (Rhythm ) Tj ET Q q 0 0 0 rg BT 100.46 484.10 Td (T) Tj ET Q q 0 0 0 rg BT 105.10 484.10 Td (our) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.99 484.10 Td (, ) Tj ET Q q 0 0 0 rg BT 123.90 484.10 Td (and ) Tj ET Q q 0 0 0 rg BT 140.75 484.10 Td (in ) Tj ET Q q 0 0 0 rg BT 150.94 484.10 Td (Q4 ) Tj ET Q q 0 0 0 rg BT 165.58 484.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 187.99 484.10 Td (commenced ) Tj ET Q q 0 0 0 rg BT 238.71 484.10 Td (the ) Tj ET Q q 0 0 0 rg BT 253.34 484.10 Td (international ) Tj ET Q q 0 0 0 rg BT 306.29 484.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 337.58 484.10 Td (of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 348.32 484.10 Td (The ) Tj ET Q q 0 0 0 rg BT 365.74 484.10 Td (Next ) Tj ET Q q 0 0 0 rg BT 386.47 484.10 Td (Step ) Tj ET Q q 0 0 0 rg BT 406.10 484.10 Td (W) Tj ET Q q 0 0 0 rg BT 413.88 484.10 Td (ild ) Tj ET Q q 0 0 0 rg BT 426.85 484.10 Td (Rhythm ) Tj ET Q q 0 0 0 rg BT 459.80 484.10 Td (T) Tj ET Q q 0 0 0 rg BT 464.45 484.10 Td (our) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.34 484.10 Td (, ) Tj ET Q q 0 0 0 rg BT 483.25 484.10 Td (which ) Tj ET Q q 0 0 0 rg BT 510.10 484.10 Td (will ) Tj ET Q q 0 0 0 rg BT 528.07 484.10 Td (continue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 472.10 Td (into ) Tj ET Q q 0 0 0 rg BT 85.52 472.10 Td (Q1 ) Tj ET Q q 0 0 0 rg BT 100.20 472.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 122.66 472.10 Td (and ) Tj ET Q q 0 0 0 rg BT 139.56 472.10 Td (Q2 ) Tj ET Q q 0 0 0 rg BT 154.24 472.10 Td (2017.Management ) Tj ET Q q 0 0 0 rg BT 233.90 472.10 Td (believes ) Tj ET Q q 0 0 0 rg BT 269.12 472.10 Td (that ) Tj ET Q q 0 0 0 rg BT 286.58 472.10 Td (there ) Tj ET Q q 0 0 0 rg BT 309.02 472.10 Td (are ) Tj ET Q q 0 0 0 rg BT 323.69 472.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 366.14 472.10 Td (live ) Tj ET Q q 0 0 0 rg BT 383.60 472.10 Td (tour ) Tj ET Q q 0 0 0 rg BT 402.17 472.10 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 457.40 472.10 Td (based ) Tj ET Q q 0 0 0 rg BT 482.63 472.10 Td (on ) Tj ET Q q 0 0 0 rg BT 495.09 472.10 Td (other ) Tj ET Q q 0 0 0 rg BT 518.09 472.10 Td (proprietary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 460.10 Td (brands ) Tj ET Q q 0 0 0 rg BT 98.51 460.10 Td (building ) Tj ET Q q 0 0 0 rg BT 136.20 460.10 Td (momentum, ) Tj ET Q q 0 0 0 rg BT 188.60 460.10 Td (including ) Tj ET Q q 0 0 0 rg BT 230.72 460.10 Td (potentially ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 277.84 460.10 Td (Backstage) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.94 460.10 Td (, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 325.79 460.10 Td (T) Tj ET Q q 0 0 0 rg BT 330.43 460.10 Td (eletubbies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.97 460.10 Td (, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 377.82 460.10 Td (In ) Tj ET Q q 0 0 0 rg BT 390.50 460.10 Td (The ) Tj ET Q q 0 0 0 rg BT 409.85 460.10 Td (Night ) Tj ET Q q 0 0 0 rg BT 436.43 460.10 Td (Gar) Tj ET Q q 0 0 0 rg BT 452.17 460.10 Td (den) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.61 460.10 Td (, ) Tj ET Q q 0 0 0 rg BT 473.46 460.10 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 492.25 460.10 Td (T) Tj ET Q q 0 0 0 rg BT 497.07 460.10 Td (wirlywoos) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.19 460.10 Td (. ) Tj ET Q q 0 0 0 rg BT 544.72 460.10 Td (This ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 448.10 Td (represents ) Tj ET Q q 0 0 0 rg BT 110.69 448.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 148.33 448.10 Td (upside ) Tj ET Q q 0 0 0 rg BT 177.09 448.10 Td (for ) Tj ET Q q 0 0 0 rg BT 191.40 448.10 Td (touring ) Tj ET Q q 0 0 0 rg BT 222.94 448.10 Td (and ) Tj ET Q q 0 0 0 rg BT 240.03 448.10 Td (M&L) Tj ET Q q 0 0 0 rg BT 262.44 448.10 Td ( ) Tj ET Q q 0 0 0 rg BT 265.09 448.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 303.28 448.10 Td (and ) Tj ET Q q 0 0 0 rg BT 320.37 448.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 375.22 448.10 Td (will ) Tj ET Q q 0 0 0 rg BT 393.43 448.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 426.63 448.10 Td (an ) Tj ET Q q 0 0 0 rg BT 438.72 448.10 Td (update ) Tj ET Q q 0 0 0 rg BT 468.02 448.10 Td (as ) Tj ET Q q 0 0 0 rg BT 479.00 448.10 Td (these ) Tj ET Q q 0 0 0 rg BT 502.20 448.10 Td (plans ) Tj ET Q q 0 0 0 rg BT 525.96 448.10 Td (unfold ) Tj ET Q q 0 0 0 rg BT 554.72 448.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 436.10 Td (upcoming ) Tj ET Q q 0 0 0 rg BT 110.00 436.10 Td (periods.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 418.10 Td (Recent ) Tj ET Q q 0 0 0 rg BT 99.25 418.10 Td (T) Tj ET Q q 0 0 0 rg BT 105.18 418.10 Td (ransactions) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 67.50 400.10 Td (DHX ) Tj ET Q q 0 0 0 rg BT 91.67 400.10 Td (T) Tj ET Q q 0 0 0 rg BT 96.86 400.10 Td (elevision ) Tj ET Q q 0 0 0 rg BT 135.46 400.10 Td (Update) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 382.10 Td (On ) Tj ET Q q 0 0 0 rg BT 99.35 382.10 Td (April ) Tj ET Q q 0 0 0 rg BT 122.56 382.10 Td (15, ) Tj ET Q q 0 0 0 rg BT 137.16 382.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 161.75 382.10 Td (the ) Tj ET Q q 0 0 0 rg BT 176.06 382.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 217.05 382.10 Td (announced ) Tj ET Q q 0 0 0 rg BT 262.46 382.10 Td (that ) Tj ET Q q 0 0 0 rg BT 279.55 382.10 Td (it ) Tj ET Q q 0 0 0 rg BT 287.20 382.10 Td (would ) Tj ET Q q 0 0 0 rg BT 314.30 382.10 Td (rebrand ) Tj ET Q q 0 0 0 rg BT 346.93 382.10 Td (three ) Tj ET Q q 0 0 0 rg BT 369.01 382.10 Td (of ) Tj ET Q q 0 0 0 rg BT 379.44 382.10 Td (DHX ) Tj ET Q q 0 0 0 rg BT 403.05 382.10 Td (T) Tj ET Q q 0 0 0 rg BT 408.46 382.10 Td (elevision's ) Tj ET Q q 0 0 0 rg BT 452.35 382.10 Td (four ) Tj ET Q q 0 0 0 rg BT 471.11 382.10 Td (channels ) Tj ET Q q 0 0 0 rg BT 508.19 382.10 Td (and ) Tj ET Q q 0 0 0 rg BT 524.73 382.10 Td (transition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 370.10 Td (away ) Tj ET Q q 0 0 0 rg BT 91.05 370.10 Td (from ) Tj ET Q q 0 0 0 rg BT 112.94 370.10 Td (its ) Tj ET Q q 0 0 0 rg BT 124.84 370.10 Td (content ) Tj ET Q q 0 0 0 rg BT 156.73 370.10 Td (supply ) Tj ET Q q 0 0 0 rg BT 185.85 370.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 229.95 370.10 Td (with ) Tj ET Q q 0 0 0 rg BT 250.18 370.10 Td (the ) Tj ET Q q 0 0 0 rg BT 264.67 370.10 Td (W) Tj ET Q q 0 0 0 rg BT 273.31 370.10 Td (alt ) Tj ET Q q 0 0 0 rg BT 285.75 370.10 Td (Disney ) Tj ET Q q 0 0 0 rg BT 316.54 370.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 357.88 370.10 Td (\() Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 365.64 370.10 Td (Disney) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.54 370.10 Td (\) ) Tj ET Q q 0 0 0 rg BT 404.76 370.10 Td (and ) Tj ET Q q 0 0 0 rg BT 421.65 370.10 Td (the ) Tj ET Q q 0 0 0 rg BT 436.32 370.10 Td (rebranding ) Tj ET Q q 0 0 0 rg BT 482.09 370.10 Td (strategy ) Tj ET Q q 0 0 0 rg BT 516.19 370.10 Td (launched ) Tj ET Q q 0 0 0 rg BT 554.74 370.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 358.10 Td (early ) Tj ET Q q 0 0 0 rg BT 91.54 358.10 Td (September ) Tj ET Q q 0 0 0 rg BT 138.35 358.10 Td (2015.In ) Tj ET Q q 0 0 0 rg BT 175.73 358.10 Td (November ) Tj ET Q q 0 0 0 rg BT 221.99 358.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 248.54 358.10 Td (as ) Tj ET Q q 0 0 0 rg BT 260.92 358.10 Td (part ) Tj ET Q q 0 0 0 rg BT 280.52 358.10 Td (of ) Tj ET Q q 0 0 0 rg BT 292.90 358.10 Td (the ) Tj ET Q q 0 0 0 rg BT 309.17 358.10 Td (transition ) Tj ET Q q 0 0 0 rg BT 351.00 358.10 Td (following ) Tj ET Q q 0 0 0 rg BT 393.93 358.10 Td (the ) Tj ET Q q 0 0 0 rg BT 410.20 358.10 Td (discontinuation ) Tj ET Q q 0 0 0 rg BT 475.91 358.10 Td (of ) Tj ET Q q 0 0 0 rg BT 488.29 358.10 Td (the ) Tj ET Q q 0 0 0 rg BT 504.56 358.10 Td (Disney ) Tj ET Q q 0 0 0 rg BT 536.94 358.10 Td (output ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 346.10 Td (agreement, ) Tj ET Q q 0 0 0 rg BT 114.30 346.10 Td (Disney ) Tj ET Q q 0 0 0 rg BT 145.28 346.10 Td (Junior ) Tj ET Q q 0 0 0 rg BT 172.94 346.10 Td (\(English\) ) Tj ET Q q 0 0 0 rg BT 212.81 346.10 Td (and ) Tj ET Q q 0 0 0 rg BT 229.90 346.10 Td (Disney ) Tj ET Q q 0 0 0 rg BT 260.89 346.10 Td (XD ) Tj ET Q q 0 0 0 rg BT 277.99 346.10 Td (was ) Tj ET Q q 0 0 0 rg BT 296.19 346.10 Td (rebranded ) Tj ET Q q 0 0 0 rg BT 338.82 346.10 Td (to ) Tj ET Q q 0 0 0 rg BT 349.26 346.10 Td (leverage ) Tj ET Q q 0 0 0 rg BT 385.78 346.10 Td (the ) Tj ET Q q 0 0 0 rg BT 400.65 346.10 Td (Family ) Tj ET Q q 0 0 0 rg BT 431.64 346.10 Td (Channel ) Tj ET Q q 0 0 0 rg BT 467.62 346.10 Td (brand, ) Tj ET Q q 0 0 0 rg BT 495.54 346.10 Td (as ) Tj ET Q q 0 0 0 rg BT 506.53 346.10 Td (Family ) Tj ET Q q 0 0 0 rg BT 537.52 346.10 Td (Junior ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 334.10 Td (\(English\) ) Tj ET Q q 0 0 0 rg BT 108.95 334.10 Td (and ) Tj ET Q q 0 0 0 rg BT 127.62 334.10 Td (Family ) Tj ET Q q 0 0 0 rg BT 160.18 334.10 Td (CHRGD, ) Tj ET Q q 0 0 0 rg BT 201.92 334.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 249.58 334.10 Td (. ) Tj ET Q q 0 0 0 rg BT 256.31 334.10 Td (Disney ) Tj ET Q q 0 0 0 rg BT 288.87 334.10 Td (Junior ) Tj ET Q q 0 0 0 rg BT 318.10 334.10 Td (\(French\) ) Tj ET Q q 0 0 0 rg BT 356.76 334.10 Td (was ) Tj ET Q q 0 0 0 rg BT 376.54 334.10 Td (rebranded ) Tj ET Q q 0 0 0 rg BT 420.75 334.10 Td (as ) Tj ET Q q 0 0 0 rg BT 433.00 334.10 Td (Tlmagino. ) Tj ET Q q 0 0 0 rg BT 487.19 334.10 Td (These ) Tj ET Q q 0 0 0 rg BT 515.29 334.10 Td (rebrandings ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 322.10 Td (leveraged ) Tj ET Q q 0 0 0 rg BT 108.90 322.10 Td (Family ) Tj ET Q q 0 0 0 rg BT 139.77 322.10 Td (Channel's ) Tj ET Q q 0 0 0 rg BT 181.33 322.10 Td (status ) Tj ET Q q 0 0 0 rg BT 206.64 322.10 Td (as ) Tj ET Q q 0 0 0 rg BT 217.51 322.10 Td (one ) Tj ET Q q 0 0 0 rg BT 234.48 322.10 Td (of ) Tj ET Q q 0 0 0 rg BT 245.35 322.10 Td (the ) Tj ET Q q 0 0 0 rg BT 260.10 322.10 Td (most ) Tj ET Q q 0 0 0 rg BT 282.09 322.10 Td (watched ) Tj ET Q q 0 0 0 rg BT 317.94 322.10 Td (children's ) Tj ET Q q 0 0 0 rg BT 358.93 322.10 Td (service ) Tj ET Q q 0 0 0 rg BT 389.79 322.10 Td (in ) Tj ET Q q 0 0 0 rg BT 400.10 322.10 Td (the ) Tj ET Q q 0 0 0 rg BT 414.85 322.10 Td (country ) Tj ET Q q 0 0 0 rg BT 447.94 322.10 Td (among ) Tj ET Q q 0 0 0 rg BT 477.69 322.10 Td (kids ) Tj ET Q q 0 0 0 rg BT 496.90 322.10 Td (age ) Tj ET Q q 0 0 0 rg BT 513.31 322.10 Td (8-14, ) Tj ET Q q 0 0 0 rg BT 536.68 322.10 Td (12-17, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 310.10 Td (and ) Tj ET Q q 0 0 0 rg BT 84.44 310.10 Td (2-17 ) Tj ET Q q 0 0 0 rg BT 105.27 310.10 Td (in ) Tj ET Q q 0 0 0 rg BT 115.55 310.10 Td (Canada. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 292.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.14 292.10 Td (e ) Tj ET Q q 0 0 0 rg BT 101.22 292.10 Td (are ) Tj ET Q q 0 0 0 rg BT 116.07 292.10 Td (very ) Tj ET Q q 0 0 0 rg BT 136.48 292.10 Td (pleased ) Tj ET Q q 0 0 0 rg BT 169.11 292.10 Td (to ) Tj ET Q q 0 0 0 rg BT 179.54 292.10 Td (report ) Tj ET Q q 0 0 0 rg BT 206.06 292.10 Td (that ) Tj ET Q q 0 0 0 rg BT 223.70 292.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 271.87 292.10 Td (are ) Tj ET Q q 0 0 0 rg BT 286.72 292.10 Td (now ) Tj ET Q q 0 0 0 rg BT 306.59 292.10 Td (in ) Tj ET Q q 0 0 0 rg BT 317.01 292.10 Td (place ) Tj ET Q q 0 0 0 rg BT 340.75 292.10 Td (for ) Tj ET Q q 0 0 0 rg BT 355.05 292.10 Td (all ) Tj ET Q q 0 0 0 rg BT 367.69 292.10 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 408.65 292.10 Td (distribution ) Tj ET Q q 0 0 0 rg BT 457.41 292.10 Td (undertakings ) Tj ET Q q 0 0 0 rg BT 511.71 292.10 Td (\(or ) Tj ET Q q 0 0 0 rg BT 526.01 292.10 Td (") Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.09 292.10 Td (BDUs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.10 292.10 Td ("\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 280.10 Td (af) Tj ET Q q 0 0 0 rg BT 75.09 280.10 Td (filiate ) Tj ET Q q 0 0 0 rg BT 100.48 280.10 Td (negotiations ) Tj ET Q q 0 0 0 rg BT 151.43 280.10 Td (presently ) Tj ET Q q 0 0 0 rg BT 190.16 280.10 Td (due ) Tj ET Q q 0 0 0 rg BT 206.67 280.10 Td (for ) Tj ET Q q 0 0 0 rg BT 220.40 280.10 Td (renewal ) Tj ET Q q 0 0 0 rg BT 254.11 280.10 Td (and ) Tj ET Q q 0 0 0 rg BT 270.62 280.10 Td (the ) Tj ET Q q 0 0 0 rg BT 284.91 280.10 Td (majority ) Tj ET Q q 0 0 0 rg BT 320.86 280.10 Td (of ) Tj ET Q q 0 0 0 rg BT 331.26 280.10 Td (the ) Tj ET Q q 0 0 0 rg BT 345.55 280.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 390.94 280.10 Td (subscribers/economics ) Tj ET Q q 0 0 0 rg BT 483.54 280.10 Td (are ) Tj ET Q q 0 0 0 rg BT 497.82 280.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 528.22 280.10 Td (to ) Tj ET Q q 0 0 0 rg BT 538.07 280.10 Td (multi-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 268.10 Td (year ) Tj ET Q q 0 0 0 rg BT 87.21 268.10 Td (agreements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 250.10 Td (DHX ) Tj ET Q q 0 0 0 rg BT 108.60 250.10 Td (T) Tj ET Q q 0 0 0 rg BT 114.01 250.10 Td (elevision ) Tj ET Q q 0 0 0 rg BT 151.67 250.10 Td (commenced ) Tj ET Q q 0 0 0 rg BT 201.53 250.10 Td (with ) Tj ET Q q 0 0 0 rg BT 220.86 250.10 Td (the ) Tj ET Q q 0 0 0 rg BT 234.62 250.10 Td (new ) Tj ET Q q 0 0 0 rg BT 252.83 250.10 Td (and ) Tj ET Q q 0 0 0 rg BT 268.82 250.10 Td (original ) Tj ET Q q 0 0 0 rg BT 301.48 250.10 Td (lineup ) Tj ET Q q 0 0 0 rg BT 328.02 250.10 Td (in ) Tj ET Q q 0 0 0 rg BT 337.35 250.10 Td (January ) Tj ET Q q 0 0 0 rg BT 370.00 250.10 Td (2016.) Tj ET Q q 0 0 0 rg BT 394.82 250.10 Td (The ) Tj ET Q q 0 0 0 rg BT 411.92 250.10 Td (content ) Tj ET Q q 0 0 0 rg BT 442.90 250.10 Td (driven ) Tj ET Q q 0 0 0 rg BT 470.00 250.10 Td (strategy ) Tj ET Q q 0 0 0 rg BT 503.20 250.10 Td (and ) Tj ET Q q 0 0 0 rg BT 519.19 250.10 Td (rebranding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 238.10 Td (will ) Tj ET Q q 0 0 0 rg BT 84.40 238.10 Td (be ) Tj ET Q q 0 0 0 rg BT 95.19 238.10 Td (built ) Tj ET Q q 0 0 0 rg BT 114.87 238.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 136.22 238.10 Td (on ) Tj ET Q q 0 0 0 rg BT 147.57 238.10 Td (the ) Tj ET Q q 0 0 0 rg BT 161.13 238.10 Td (following: ) Tj ET Q q 0 0 0 rg BT 204.15 238.10 Td (i\) ) Tj ET Q q 0 0 0 rg BT 211.60 238.10 Td (commissioning ) Tj ET Q q 0 0 0 rg BT 274.06 238.10 Td (new ) Tj ET Q q 0 0 0 rg BT 292.07 238.10 Td (and ) Tj ET Q q 0 0 0 rg BT 307.86 238.10 Td (original ) Tj ET Q q 0 0 0 rg BT 340.31 238.10 Td (content, ) Tj ET Q q 0 0 0 rg BT 373.59 238.10 Td (including ) Tj ET Q q 0 0 0 rg BT 412.71 238.10 Td (utilizing ) Tj ET Q q 0 0 0 rg BT 447.39 238.10 Td (its ) Tj ET Q q 0 0 0 rg BT 458.18 238.10 Td (own ) Tj ET Q q 0 0 0 rg BT 476.75 238.10 Td (proprietary ) Tj ET Q q 0 0 0 rg BT 522.52 238.10 Td (animation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 226.10 Td (and ) Tj ET Q q 0 0 0 rg BT 85.05 226.10 Td (production ) Tj ET Q q 0 0 0 rg BT 131.48 226.10 Td (teams; ) Tj ET Q q 0 0 0 rg BT 160.70 226.10 Td (ii\) ) Tj ET Q q 0 0 0 rg BT 172.69 226.10 Td (leveraging ) Tj ET Q q 0 0 0 rg BT 218.00 226.10 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.56 226.10 Td (1) Tj ET Q q 0 0 0 rg BT 235.19 226.10 Td (1,800) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.69 226.10 Td ( ) Tj ET Q q 0 0 0 rg BT 260.80 226.10 Td (+ ) Tj ET Q q 0 0 0 rg BT 269.55 226.10 Td (half-hour ) Tj ET Q q 0 0 0 rg BT 309.86 226.10 Td (library; ) Tj ET Q q 0 0 0 rg BT 342.41 226.10 Td (and ) Tj ET Q q 0 0 0 rg BT 359.96 226.10 Td (iii\) ) Tj ET Q q 0 0 0 rg BT 377.23 226.10 Td (augmenting ) Tj ET Q q 0 0 0 rg BT 427.55 226.10 Td (its ) Tj ET Q q 0 0 0 rg BT 440.11 226.10 Td (content ) Tj ET Q q 0 0 0 rg BT 472.65 226.10 Td (strategy ) Tj ET Q q 0 0 0 rg BT 507.42 226.10 Td (with ) Tj ET Q q 0 0 0 rg BT 528.30 226.10 Td (new ) Tj ET Q q 0 0 0 rg BT 548.07 226.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 214.10 Td (compelling ) Tj ET Q q 0 0 0 rg BT 114.99 214.10 Td (content ) Tj ET Q q 0 0 0 rg BT 146.92 214.10 Td (supply ) Tj ET Q q 0 0 0 rg BT 176.09 214.10 Td (agreements. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 196.10 Td (As ) Tj ET Q q 0 0 0 rg BT 99.20 196.10 Td (outlined ) Tj ET Q q 0 0 0 rg BT 134.55 196.10 Td (in ) Tj ET Q q 0 0 0 rg BT 144.91 196.10 Td (") Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 148.99 196.10 Td (Results ) Tj ET Q q 0 0 0 rg BT 179.42 196.10 Td (for ) Tj ET Q q 0 0 0 rg BT 192.95 196.10 Td (the ) Tj ET Q q 0 0 0 rg BT 207.01 196.10 Td (three ) Tj ET Q q 0 0 0 rg BT 228.45 196.10 Td (months ) Tj ET Q q 0 0 0 rg BT 258.88 196.10 Td (ended ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 284.02 196.10 Td (June ) Tj ET Q q 0 0 0 rg BT 303.88 196.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 318.21 196.10 Td (2016) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 337.21 196.10 Td ( ) Tj ET Q q 0 0 0 rg BT 339.66 196.10 Td (\() Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 347.04 196.10 Td (Q4 ) Tj ET Q q 0 0 0 rg BT 361.11 196.10 Td (2016) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 380.11 196.10 Td (\) ) Tj ET Q q 0 0 0 rg BT 389.94 196.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 429.85 196.10 Td (to ) Tj ET Q q 0 0 0 rg BT 439.69 196.10 Td (the ) Tj ET Q q 0 0 0 rg BT 453.75 196.10 Td (three ) Tj ET Q q 0 0 0 rg BT 475.19 196.10 Td (months ) Tj ET Q q 0 0 0 rg BT 505.62 196.10 Td (ended ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 530.75 196.10 Td (June ) Tj ET Q q 0 0 0 rg BT 550.62 196.10 Td (30, ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 67.50 184.70 Td (2015) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 86.50 184.70 Td ( ) Tj ET Q q 0 0 0 rg BT 88.45 184.70 Td (\() Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 95.83 184.70 Td (Q4 ) Tj ET Q q 0 0 0 rg BT 109.40 184.70 Td (2015) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 128.40 184.70 Td (\)" ) Tj ET Q q 0 0 0 rg BT 141.61 184.70 Td (section, ) Tj ET Q q 0 0 0 rg BT 172.85 184.70 Td (though ) Tj ET Q q 0 0 0 rg BT 201.19 184.70 Td (still ) Tj ET Q q 0 0 0 rg BT 217.40 184.70 Td (early ) Tj ET Q q 0 0 0 rg BT 238.34 184.70 Td (in ) Tj ET Q q 0 0 0 rg BT 247.68 184.70 Td (the ) Tj ET Q q 0 0 0 rg BT 261.24 184.70 Td (rebranding ) Tj ET Q q 0 0 0 rg BT 304.34 184.70 Td (process, ) Tj ET Q q 0 0 0 rg BT 337.16 184.70 Td (Management ) Tj ET Q q 0 0 0 rg BT 388.71 184.70 Td (is ) Tj ET Q q 0 0 0 rg BT 397.00 184.70 Td (pleased ) Tj ET Q q 0 0 0 rg BT 427.44 184.70 Td (to ) Tj ET Q q 0 0 0 rg BT 436.78 184.70 Td (report ) Tj ET Q q 0 0 0 rg BT 461.42 184.70 Td (that ) Tj ET Q q 0 0 0 rg BT 477.62 184.70 Td (while ) Tj ET Q q 0 0 0 rg BT 500.68 184.70 Td (DHX ) Tj ET Q q 0 0 0 rg BT 523.08 184.70 Td (T) Tj ET Q q 0 0 0 rg BT 528.21 184.70 Td (elevision ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 67.50 173.30 Td (revenue ) Tj ET Q q 0 0 0 rg BT 99.96 173.30 Td (for ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 113.44 173.30 Td (Q4 ) Tj ET Q q 0 0 0 rg BT 127.44 173.30 Td (2016) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 146.44 173.30 Td ( ) Tj ET Q q 0 0 0 rg BT 148.84 173.30 Td (was ) Tj ET Q q 0 0 0 rg BT 166.01 173.30 Td (down ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 189.52 173.30 Td (20%) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 206.93 173.30 Td ( ) Tj ET Q q 0 0 0 rg BT 209.33 173.30 Td (to ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 219.12 173.30 Td ($15.80 ) Tj ET Q q 0 0 0 rg BT 247.64 173.30 Td (million) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 275.09 173.30 Td ( ) Tj ET Q q 0 0 0 rg BT 277.48 173.30 Td (from ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 298.35 173.30 Td ($19.87 ) Tj ET Q q 0 0 0 rg BT 326.87 173.30 Td (million) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 354.32 173.30 Td ( ) Tj ET Q q 0 0 0 rg BT 356.71 173.30 Td (in ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 366.50 173.30 Td (Q4 ) Tj ET Q q 0 0 0 rg BT 380.51 173.30 Td (2015) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 399.51 173.30 Td (, ) Tj ET Q q 0 0 0 rg BT 404.28 173.30 Td (however ) Tj ET Q q 0 0 0 rg BT 439.39 173.30 Td (gross ) Tj ET Q q 0 0 0 rg BT 461.84 173.30 Td (mar) Tj ET Q q 0 0 0 rg BT 476.44 173.30 Td (gins ) Tj ET Q q 0 0 0 rg BT 494.67 173.30 Td (increased ) Tj ET Q q 0 0 0 rg BT 532.94 173.30 Td (to ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 542.73 173.30 Td (76%) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 560.14 173.30 Td (, ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 67.50 161.90 Td (above ) Tj ET Q q 0 0 0 rg BT 92.44 161.90 Td (the ) Tj ET Q q 0 0 0 rg BT 106.30 161.90 Td (high ) Tj ET Q q 0 0 0 rg BT 125.44 161.90 Td (end ) Tj ET Q q 0 0 0 rg BT 141.41 161.90 Td (of ) Tj ET Q q 0 0 0 rg BT 151.58 161.90 Td (Management's ) Tj ET Q q 0 0 0 rg BT 208.84 161.90 Td (expectations ) Tj ET Q q 0 0 0 rg BT 258.58 161.90 Td (or ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 268.75 161.90 Td ($12.02 ) Tj ET Q q 0 0 0 rg BT 297.12 161.90 Td (million) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 324.57 161.90 Td ( ) Tj ET Q q 0 0 0 rg BT 326.83 161.90 Td (in ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 336.47 161.90 Td (Q4 ) Tj ET Q q 0 0 0 rg BT 350.34 161.90 Td (2016) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 369.34 161.90 Td ( ) Tj ET Q q 0 0 0 rg BT 371.59 161.90 Td (from ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 392.31 161.90 Td (50%) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 409.73 161.90 Td ( ) Tj ET Q q 0 0 0 rg BT 411.98 161.90 Td ( ) Tj ET Q q 0 0 0 rg BT 414.23 161.90 Td (or ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 424.40 161.90 Td ($9.89 ) Tj ET Q q 0 0 0 rg BT 448.03 161.90 Td (million) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 475.48 161.90 Td ( ) Tj ET Q q 0 0 0 rg BT 477.73 161.90 Td ( ) Tj ET Q q 0 0 0 rg BT 479.99 161.90 Td (in ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 489.63 161.90 Td (Q4 ) Tj ET Q q 0 0 0 rg BT 503.50 161.90 Td (2015) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 522.50 161.90 Td ( ) Tj ET Q q 0 0 0 rg BT 524.75 161.90 Td (as ) Tj ET Q q 0 0 0 rg BT 534.92 161.90 Td (a ) Tj ET Q q 0 0 0 rg BT 541.39 161.90 Td (result ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 67.50 150.50 Td (of ) Tj ET Q q 0 0 0 rg BT 77.79 150.50 Td (external ) Tj ET Q q 0 0 0 rg BT 110.76 150.50 Td (lower ) Tj ET Q q 0 0 0 rg BT 134.76 150.50 Td (content ) Tj ET Q q 0 0 0 rg BT 165.10 150.50 Td (costs. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 67.50 132.50 Td (DHX ) Tj ET Q q 0 0 0 rg BT 91.67 132.50 Td (Media/Mattel ) Tj ET Q q 0 0 0 rg BT 149.72 132.50 Td (Strategic ) Tj ET Q q 0 0 0 rg BT 188.89 132.50 Td (Pacts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 114.50 Td (During ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.88 114.50 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 145.82 114.50 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.82 114.50 Td (, ) Tj ET Q q 0 0 0 rg BT 172.36 114.50 Td (the ) Tj ET Q q 0 0 0 rg BT 188.63 114.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 231.57 114.50 Td (entered ) Tj ET Q q 0 0 0 rg BT 265.04 114.50 Td (into ) Tj ET Q q 0 0 0 rg BT 284.65 114.50 Td (a ) Tj ET Q q 0 0 0 rg BT 293.13 114.50 Td (long-term ) Tj ET Q q 0 0 0 rg BT 336.62 114.50 Td (co-production ) Tj ET Q q 0 0 0 rg BT 396.76 114.50 Td (and ) Tj ET Q q 0 0 0 rg BT 415.25 114.50 Td (license ) Tj ET Q q 0 0 0 rg BT 447.06 114.50 Td (agreement ) Tj ET Q q 0 0 0 rg BT 492.75 114.50 Td (with ) Tj ET Q q 0 0 0 rg BT 514.58 114.50 Td (Mattel, ) Tj ET Q q 0 0 0 rg BT 547.23 114.50 Td (Inc. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 102.50 Td (\(") Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.91 102.50 Td (Mattel) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.23 102.50 Td ("\) ) Tj ET Q q 0 0 0 rg BT 113.01 102.50 Td (whereby ) Tj ET Q q 0 0 0 rg BT 149.81 102.50 Td (DHX ) Tj ET Q q 0 0 0 rg BT 173.85 102.50 Td (and ) Tj ET Q q 0 0 0 rg BT 190.66 102.50 Td (Mattel ) Tj ET Q q 0 0 0 rg BT 219.14 102.50 Td (will ) Tj ET Q q 0 0 0 rg BT 237.07 102.50 Td (jointly ) Tj ET Q q 0 0 0 rg BT 265.56 102.50 Td (fund, ) Tj ET Q q 0 0 0 rg BT 288.76 102.50 Td (co-develop, ) Tj ET Q q 0 0 0 rg BT 338.06 102.50 Td (and ) Tj ET Q q 0 0 0 rg BT 354.87 102.50 Td (co-produce ) Tj ET Q q 0 0 0 rg BT 402.22 102.50 Td (various ) Tj ET Q q 0 0 0 rg BT 434.03 102.50 Td (forms ) Tj ET Q q 0 0 0 rg BT 459.73 102.50 Td (of ) Tj ET Q q 0 0 0 rg BT 470.43 102.50 Td (new ) Tj ET Q q 0 0 0 rg BT 489.47 102.50 Td (content ) Tj ET Q q 0 0 0 rg BT 521.27 102.50 Td (for ) Tj ET Q q 0 0 0 rg BT 535.31 102.50 Td (certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 90.50 Td (Mattel ) Tj ET Q q 0 0 0 rg BT 95.49 90.50 Td (properties, ) Tj ET Q q 0 0 0 rg BT 139.87 90.50 Td (including ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 179.53 90.50 Td (Bob ) Tj ET Q q 0 0 0 rg BT 197.53 90.50 Td (the ) Tj ET Q q 0 0 0 rg BT 211.63 90.50 Td (Builder) Tj ET Q BT /F3 10.00 Tf ET BT /F3 6.50 Tf ET q 0 0 0 rg BT 241.63 95.03 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.56 90.50 Td (, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 250.95 90.50 Td (Fir) Tj ET Q q 0 0 0 rg BT 263.36 90.50 Td (eman ) Tj ET Q q 0 0 0 rg BT 286.91 90.50 Td (Sam) Tj ET Q BT /F3 10.00 Tf ET BT /F3 6.50 Tf ET q 0 0 0 rg BT 304.13 95.03 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.07 90.50 Td (, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 313.46 90.50 Td (Little ) Tj ET Q q 0 0 0 rg BT 336.46 90.50 Td (People) Tj ET Q BT /F3 10.00 Tf ET BT /F3 6.50 Tf ET q 0 0 0 rg BT 364.22 95.03 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.16 90.50 Td (, ) Tj ET Q q 0 0 0 rg BT 373.55 90.50 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 389.88 90.50 Td (Polly ) Tj ET Q q 0 0 0 rg BT 412.87 90.50 Td (Pocket) Tj ET Q BT /F3 10.00 Tf ET BT /F3 6.50 Tf ET q 0 0 0 rg BT 440.07 95.03 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.01 90.50 Td (. ) Tj ET Q q 0 0 0 rg BT 449.40 90.50 Td (DHX ) Tj ET Q q 0 0 0 rg BT 472.95 90.50 Td (Studios ) Tj ET Q q 0 0 0 rg BT 504.85 90.50 Td (will ) Tj ET Q q 0 0 0 rg BT 522.29 90.50 Td (work ) Tj ET Q q 0 0 0 rg BT 544.73 90.50 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 78.50 Td (Mattel ) Tj ET Q q 0 0 0 rg BT 97.02 78.50 Td (to ) Tj ET Q q 0 0 0 rg BT 108.22 78.50 Td (develop ) Tj ET Q q 0 0 0 rg BT 143.29 78.50 Td (and ) Tj ET Q q 0 0 0 rg BT 161.14 78.50 Td (produce ) Tj ET Q q 0 0 0 rg BT 196.77 78.50 Td (the ) Tj ET Q q 0 0 0 rg BT 212.40 78.50 Td (new ) Tj ET Q q 0 0 0 rg BT 232.48 78.50 Td (content, ) Tj ET Q q 0 0 0 rg BT 267.83 78.50 Td (while ) Tj ET Q q 0 0 0 rg BT 293.46 78.50 Td (DHX ) Tj ET Q q 0 0 0 rg BT 318.54 78.50 Td (Distribution ) Tj ET Q q 0 0 0 rg BT 370.30 78.50 Td (will ) Tj ET Q q 0 0 0 rg BT 389.27 78.50 Td (manage ) Tj ET Q q 0 0 0 rg BT 423.78 78.50 Td (the ) Tj ET Q q 0 0 0 rg BT 439.42 78.50 Td (global ) Tj ET Q q 0 0 0 rg BT 467.83 78.50 Td (distribution ) Tj ET Q q 0 0 0 rg BT 517.36 78.50 Td (of ) Tj ET Q q 0 0 0 rg BT 529.10 78.50 Td (both ) Tj ET Q q 0 0 0 rg BT 550.30 78.50 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 66.50 Td (existing ) Tj ET Q q 0 0 0 rg BT 101.49 66.50 Td (and ) Tj ET Q q 0 0 0 rg BT 118.26 66.50 Td (new ) Tj ET Q q 0 0 0 rg BT 137.25 66.50 Td (content, ) Tj ET Q q 0 0 0 rg BT 171.51 66.50 Td (while ) Tj ET Q q 0 0 0 rg BT 196.06 66.50 Td (Mattel ) Tj ET Q q 0 0 0 rg BT 224.49 66.50 Td (will ) Tj ET Q q 0 0 0 rg BT 242.38 66.50 Td (take ) Tj ET Q q 0 0 0 rg BT 261.36 66.50 Td (the ) Tj ET Q q 0 0 0 rg BT 275.91 66.50 Td (lead ) Tj ET Q q 0 0 0 rg BT 294.89 66.50 Td (on ) Tj ET Q q 0 0 0 rg BT 307.22 66.50 Td (global ) Tj ET Q q 0 0 0 rg BT 334.55 66.50 Td (brand ) Tj ET Q q 0 0 0 rg BT 359.64 66.50 Td (management ) Tj ET Q q 0 0 0 rg BT 413.06 66.50 Td (and ) Tj ET Q q 0 0 0 rg BT 429.83 66.50 Td (consumer ) Tj ET Q q 0 0 0 rg BT 471.04 66.50 Td (products. ) Tj ET Q q 0 0 0 rg BT 510.30 66.50 Td (Management ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 54.50 Td (expects ) Tj ET Q q 0 0 0 rg BT 99.99 54.50 Td (the ) Tj ET Q q 0 0 0 rg BT 114.70 54.50 Td (Mattel ) Tj ET Q q 0 0 0 rg BT 143.31 54.50 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 195.78 54.50 Td (to ) Tj ET Q q 0 0 0 rg BT 206.05 54.50 Td (be ) Tj ET Q q 0 0 0 rg BT 217.99 54.50 Td (immediately ) Tj ET Q q 0 0 0 rg BT 270.48 54.50 Td (accretive ) Tj ET Q q 0 0 0 rg BT 309.06 54.50 Td (to ) Tj ET Q q 0 0 0 rg BT 319.34 54.50 Td (results ) Tj ET Q q 0 0 0 rg BT 347.94 54.50 Td (for ) Tj ET Q q 0 0 0 rg BT 362.10 54.50 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 388.49 54.50 Td (2016 ) Tj ET Q q 0 0 0 rg BT 410.99 54.50 Td (and ) Tj ET Q q 0 0 0 rg BT 427.93 54.50 Td (beyond.) Tj ET Q endstream endobj 49 0 obj <> endobj 50 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6 0.6 0.6 rg BT 301.00 31.60 Td (24) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 85.50 742.10 Td (On ) Tj ET Q q 0 0 0 rg BT 100.09 742.10 Td (April ) Tj ET Q q 0 0 0 rg BT 124.24 742.10 Td (19, ) Tj ET Q q 0 0 0 rg BT 139.78 742.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 165.32 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 180.58 742.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 222.51 742.10 Td (announced ) Tj ET Q q 0 0 0 rg BT 268.86 742.10 Td (it ) Tj ET Q q 0 0 0 rg BT 277.46 742.10 Td (had ) Tj ET Q q 0 0 0 rg BT 294.94 742.10 Td (expanded ) Tj ET Q q 0 0 0 rg BT 336.30 742.10 Td (its ) Tj ET Q q 0 0 0 rg BT 348.79 742.10 Td (relationship ) Tj ET Q q 0 0 0 rg BT 399.04 742.10 Td (with ) Tj ET Q q 0 0 0 rg BT 419.86 742.10 Td (Mattel, ) Tj ET Q q 0 0 0 rg BT 451.50 742.10 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 469.81 742.10 Td (by ) Tj ET Q q 0 0 0 rg BT 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ET Q q 0 0 0 rg BT 482.34 730.10 Td (licensing ) Tj ET Q q 0 0 0 rg BT 520.87 730.10 Td (agreement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 718.10 Td (establishes ) Tj ET Q q 0 0 0 rg BT 113.38 718.10 Td (a ) Tj ET Q q 0 0 0 rg BT 120.38 718.10 Td (framework ) Tj ET Q q 0 0 0 rg BT 166.81 718.10 Td (for ) Tj ET Q q 0 0 0 rg BT 181.03 718.10 Td (DHX ) Tj ET Q q 0 0 0 rg BT 205.25 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 215.59 718.10 Td (produce ) Tj ET Q q 0 0 0 rg BT 250.35 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 267.35 718.10 Td (distribute ) Tj ET Q q 0 0 0 rg BT 307.68 718.10 Td (a ) Tj ET Q q 0 0 0 rg BT 314.68 718.10 Td (range ) Tj ET Q q 0 0 0 rg BT 339.44 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 350.33 718.10 Td (new) Tj ET Q q 0 0 0 rg BT 366.34 718.10 Td (, ) Tj ET Q q 0 0 0 rg BT 371.40 718.10 Td (multi-platform ) Tj ET Q q 0 0 0 rg BT 432.84 718.10 Td (content ) Tj ET Q q 0 0 0 rg BT 464.83 718.10 Td (inspired ) Tj ET Q q 0 0 0 rg BT 499.60 718.10 Td (by ) Tj ET Q q 0 0 0 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520.15 706.10 Td (Magic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.69 706.10 Td ( ) Tj ET Q q 0 0 0 rg BT 548.55 706.10 Td (is ) Tj ET Q q 0 0 0 rg BT 558.07 706.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 694.10 Td (much-loved ) Tj ET Q q 0 0 0 rg BT 117.41 694.10 Td (publishing ) Tj ET Q q 0 0 0 rg BT 161.79 694.10 Td (property ) Tj ET Q q 0 0 0 rg BT 197.81 694.10 Td (that ) Tj ET Q q 0 0 0 rg BT 214.96 694.10 Td (has ) Tj ET Q q 0 0 0 rg BT 230.43 694.10 Td (captured ) Tj ET Q q 0 0 0 rg BT 267.01 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 281.37 694.10 Td (attention ) Tj ET Q q 0 0 0 rg BT 318.51 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 328.99 694.10 Td (young ) Tj ET Q q 0 0 0 rg BT 356.14 694.10 Td (readers ) Tj ET Q q 0 0 0 rg BT 387.15 694.10 Td (around ) Tj ET Q q 0 0 0 rg BT 417.07 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 431.44 694.10 Td (world ) Tj ET Q q 0 0 0 rg BT 456.91 694.10 Td (since ) Tj ET Q q 0 0 0 rg BT 479.61 694.10 Td (2003. ) Tj ET Q q 0 0 0 rg BT 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rg BT 468.46 682.10 Td (30 ) Tj ET Q q 0 0 0 rg BT 481.18 682.10 Td (languages. ) Tj ET Q q 0 0 0 rg BT 526.39 682.10 Td (R) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 533.06 682.10 Td (ainbow ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 67.50 670.10 Td (Magic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.05 670.10 Td ( ) Tj ET Q q 0 0 0 rg BT 95.14 670.10 Td (follows ) Tj ET Q q 0 0 0 rg BT 127.24 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 141.55 670.10 Td (exciting ) Tj ET Q q 0 0 0 rg BT 175.85 670.10 Td (adventures ) Tj ET Q q 0 0 0 rg BT 221.26 670.10 Td (of ) Tj ET Q q 0 0 0 rg BT 231.69 670.10 Td (two ) Tj ET Q q 0 0 0 rg BT 248.78 670.10 Td (young ) Tj ET Q q 0 0 0 rg BT 275.88 670.10 Td (girls, ) Tj ET Q q 0 0 0 rg BT 298.25 670.10 Td (Rachel ) Tj ET Q q 0 0 0 rg BT 328.11 670.10 Td (and ) Tj ET Q q 0 0 0 rg BT 344.64 670.10 Td (Kirsty) Tj ET Q q 0 0 0 rg BT 368.99 670.10 Td (, ) Tj ET Q q 0 0 0 rg BT 373.59 670.10 Td (and ) Tj ET Q q 0 0 0 rg BT 390.12 670.10 Td (their ) Tj ET Q q 0 0 0 rg BT 410.54 670.10 Td (magical ) Tj ET Q q 0 0 0 rg BT 444.29 670.10 Td (friends ) Tj ET Q q 0 0 0 rg BT 474.15 670.10 Td (in ) Tj ET Q q 0 0 0 rg BT 484.02 670.10 Td (Fairyland. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 526.94 670.10 Td (Rainbow ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 67.50 658.10 Td (Magic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.05 658.10 Td ( ) Tj ET Q q 0 0 0 rg BT 95.55 658.10 Td (is ) Tj ET Q q 0 0 0 rg BT 104.72 658.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 143.31 658.10 Td (published ) Tj ET Q q 0 0 0 rg BT 184.70 658.10 Td (by ) Tj ET Q q 0 0 0 rg BT 197.20 658.10 Td (Orchard ) Tj ET Q q 0 0 0 rg BT 232.46 658.10 Td (and ) Tj ET Q q 0 0 0 rg BT 249.39 658.10 Td (Scholastic ) Tj ET Q q 0 0 0 rg BT 293.00 658.10 Td (in ) Tj ET Q q 0 0 0 rg BT 303.28 658.10 Td (Europe ) Tj ET Q q 0 0 0 rg BT 334.65 658.10 Td (and ) Tj ET Q q 0 0 0 rg BT 351.59 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 366.31 658.10 Td (USA) Tj ET Q q 0 0 0 rg BT 385.76 658.10 Td ( ) Tj ET Q q 0 0 0 rg BT 388.26 658.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 435.92 658.10 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 67.50 640.10 Td (DHX ) Tj ET Q q 0 0 0 rg BT 91.67 640.10 Td (Media/DreamW) Tj ET Q q 0 0 0 rg BT 157.04 640.10 Td (orks ) Tj ET Q q 0 0 0 rg BT 177.32 640.10 Td (Co-Production ) Tj ET Q q 0 0 0 rg BT 240.94 640.10 Td (and ) Tj ET Q q 0 0 0 rg BT 259.00 640.10 Td (Licensing ) Tj ET Q q 0 0 0 rg BT 302.06 640.10 Td (Deals) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 622.10 Td (During ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.81 622.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 143.69 622.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.69 622.10 Td (, ) Tj ET Q q 0 0 0 rg BT 169.17 622.10 Td (the ) Tj ET Q q 0 0 0 rg BT 184.37 622.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 226.24 622.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 258.65 622.10 Td (into ) Tj ET Q q 0 0 0 rg BT 277.19 622.10 Td (a ) Tj ET Q q 0 0 0 rg BT 284.62 622.10 Td (5 ) Tj ET Q q 0 0 0 rg BT 292.60 622.10 Td (year ) Tj ET Q q 0 0 0 rg BT 312.79 622.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 357.42 622.10 Td (with ) Tj ET Q q 0 0 0 rg BT 378.18 622.10 Td (DreamW) Tj ET Q q 0 0 0 rg BT 414.03 622.10 Td (orks ) Tj ET Q q 0 0 0 rg BT 433.58 622.10 Td (Animation ) Tj ET Q q 0 0 0 rg BT 479.33 622.10 Td (\(") Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 486.75 622.10 Td (Dr) Tj ET Q q 0 0 0 rg BT 498.23 622.10 Td (eamW) Tj ET Q q 0 0 0 rg BT 525.44 622.10 Td (orks) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.33 622.10 Td ("\) ) Tj ET Q q 0 0 0 rg BT 554.73 622.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 610.10 Td (co-produce ) Tj ET Q q 0 0 0 rg BT 114.04 610.10 Td (130 ) Tj ET Q q 0 0 0 rg BT 130.61 610.10 Td (episodes ) Tj ET Q q 0 0 0 rg BT 166.61 610.10 Td (of ) Tj ET Q q 0 0 0 rg BT 176.50 610.10 Td (original ) Tj ET Q q 0 0 0 rg BT 209.17 610.10 Td (animated ) Tj ET Q q 0 0 0 rg BT 247.39 610.10 Td (children's ) Tj ET Q q 0 0 0 rg BT 287.41 610.10 Td (content ) Tj ET Q q 0 0 0 rg BT 318.41 610.10 Td (at ) Tj ET Q q 0 0 0 rg BT 327.19 610.10 Td (DHX ) Tj ET Q q 0 0 0 rg BT 350.42 610.10 Td (Studios, ) Tj ET Q q 0 0 0 rg BT 384.49 610.10 Td (which ) Tj ET Q q 0 0 0 rg BT 410.50 610.10 Td (will ) Tj ET Q q 0 0 0 rg BT 427.62 610.10 Td (air ) Tj ET Q q 0 0 0 rg BT 439.73 610.10 Td (in ) Tj ET Q q 0 0 0 rg BT 449.07 610.10 Td (Canada ) Tj ET Q q 0 0 0 rg BT 480.63 610.10 Td (on ) Tj ET Q q 0 0 0 rg BT 492.19 610.10 Td (DHX ) Tj ET Q q 0 0 0 rg BT 515.31 610.10 Td (T) Tj ET Q q 0 0 0 rg BT 520.72 610.10 Td (elevision's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 598.10 Td (suite ) Tj ET Q q 0 0 0 rg BT 89.67 598.10 Td (of ) Tj ET Q q 0 0 0 rg BT 101.28 598.10 Td (channels. ) Tj ET Q q 0 0 0 rg BT 142.05 598.10 Td (In ) Tj ET Q q 0 0 0 rg BT 153.66 598.10 Td (addition ) Tj ET Q q 0 0 0 rg BT 189.71 598.10 Td (to ) Tj ET Q q 0 0 0 rg BT 200.77 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 216.27 598.10 Td (co-production ) Tj ET Q q 0 0 0 rg BT 275.64 598.10 Td (activities, ) Tj ET Q q 0 0 0 rg BT 317.52 598.10 Td (DHX ) Tj ET Q q 0 0 0 rg BT 342.23 598.10 Td (T) Tj ET Q q 0 0 0 rg BT 347.64 598.10 Td (elevision ) Tj ET Q q 0 0 0 rg BT 387.03 598.10 Td (has ) Tj ET Q q 0 0 0 rg BT 403.64 598.10 Td (licensed ) Tj ET Q q 0 0 0 rg BT 439.68 598.10 Td (more ) Tj ET Q q 0 0 0 rg BT 463.51 598.10 Td (than ) Tj ET Q q 0 0 0 rg BT 484.01 598.10 Td (1,000 ) Tj ET Q q 0 0 0 rg BT 509.79 598.10 Td (half-hours ) Tj ET Q q 0 0 0 rg BT 554.17 598.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 586.10 Td (programming ) Tj ET Q q 0 0 0 rg BT 123.77 586.10 Td (from ) Tj ET Q q 0 0 0 rg BT 145.04 586.10 Td (DreamW) Tj ET Q q 0 0 0 rg BT 180.88 586.10 Td (orks, ) Tj ET Q q 0 0 0 rg BT 202.44 586.10 Td (including ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 242.05 586.10 Td (Hail ) Tj ET Q q 0 0 0 rg BT 261.66 586.10 Td (King ) Tj ET Q q 0 0 0 rg BT 282.94 586.10 Td (Julien) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.37 586.10 Td (, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 311.71 586.10 Td (The ) Tj ET Q q 0 0 0 rg BT 328.54 586.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 339.65 586.10 Td (. ) Tj ET Q q 0 0 0 rg BT 343.99 586.10 Td (Peabody ) Tj ET Q q 0 0 0 rg BT 380.81 586.10 Td (& ) Tj ET Q q 0 0 0 rg BT 390.42 586.10 Td (Sherman ) Tj ET Q q 0 0 0 rg BT 427.80 586.10 Td (Show) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.47 586.10 Td (, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 453.81 586.10 Td (Dragons: ) Tj ET Q q 0 0 0 rg BT 493.97 586.10 Td (Race ) Tj ET Q q 0 0 0 rg BT 515.79 586.10 Td (to ) Tj ET Q q 0 0 0 rg BT 525.41 586.10 Td (the ) Tj ET Q q 0 0 0 rg BT 539.46 586.10 Td (Edge) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.00 586.10 Td (, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 67.50 574.10 Td (The ) Tj ET Q q 0 0 0 rg BT 85.23 574.10 Td (Cr) Tj ET Q q 0 0 0 rg BT 95.42 574.10 Td (oods) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.31 574.10 Td (, ) Tj ET Q q 0 0 0 rg BT 119.55 574.10 Td (and ) Tj ET Q q 0 0 0 rg BT 136.72 574.10 Td (others. ) Tj ET Q q 0 0 0 rg BT 166.39 574.10 Td (DHX ) Tj ET Q q 0 0 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562.10 Td (and ) Tj ET Q q 0 0 0 rg BT 234.43 562.10 Td (mobile ) Tj ET Q q 0 0 0 rg BT 264.85 562.10 Td (rights. ) Tj ET Q q 0 0 0 rg BT 292.57 562.10 Td (These ) Tj ET Q q 0 0 0 rg BT 319.09 562.10 Td (co-production ) Tj ET Q q 0 0 0 rg BT 377.83 562.10 Td (and ) Tj ET Q q 0 0 0 rg BT 394.91 562.10 Td (licensing ) Tj ET Q q 0 0 0 rg BT 433.65 562.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 481.82 562.10 Td (help ) Tj ET Q q 0 0 0 rg BT 501.68 562.10 Td (to ) Tj ET Q q 0 0 0 rg BT 512.10 562.10 Td (further ) Tj ET Q q 0 0 0 rg BT 541.95 562.10 Td (build ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 550.10 Td (out ) Tj ET Q q 0 0 0 rg BT 82.78 550.10 Td (DHX ) Tj ET Q q 0 0 0 rg BT 106.76 550.10 Td (T) Tj ET Q q 0 0 0 rg BT 112.17 550.10 Td (elevision's ) Tj ET Q q 0 0 0 rg BT 156.47 550.10 Td (compelling ) Tj ET Q q 0 0 0 rg BT 203.96 550.10 Td (content ) Tj ET Q q 0 0 0 rg BT 235.89 550.10 Td (slate.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 67.50 532.10 Td (DHX ) Tj ET Q q 0 0 0 rg BT 91.67 532.10 Td (Media/Iconix ) Tj ET Q q 0 0 0 rg BT 149.73 532.10 Td (Brand ) Tj ET Q q 0 0 0 rg BT 178.35 532.10 Td (Group ) Tj ET Q q 0 0 0 rg BT 207.52 532.10 Td (co-Production ) Tj ET Q q 0 0 0 rg BT 268.91 532.10 Td (and ) Tj ET Q q 0 0 0 rg BT 286.97 532.10 Td (Licensing ) Tj ET Q q 0 0 0 rg BT 330.03 532.10 Td (Deals) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 514.10 Td (During ) Tj ET Q q 0 0 0 rg BT 116.26 514.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 142.58 514.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 167.51 514.10 Td (the ) Tj ET Q q 0 0 0 rg BT 182.16 514.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 223.47 514.10 Td (announced ) Tj ET Q q 0 0 0 rg BT 269.22 514.10 Td (it ) Tj ET Q q 0 0 0 rg BT 277.21 514.10 Td (had ) Tj ET Q q 0 0 0 rg BT 294.08 514.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 325.93 514.10 Td (into ) Tj ET Q q 0 0 0 rg BT 343.92 514.10 Td (a ) Tj ET Q q 0 0 0 rg BT 350.79 514.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 392.65 514.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 436.72 514.10 Td (to ) Tj ET Q q 0 0 0 rg BT 446.93 514.10 Td (co-develop ) Tj ET Q q 0 0 0 rg BT 493.79 514.10 Td (and ) Tj ET Q q 0 0 0 rg BT 510.66 514.10 Td (co-produce ) Tj ET Q q 0 0 0 rg BT 558.06 514.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 502.10 Td (new ) Tj ET Q q 0 0 0 rg BT 87.15 502.10 Td (animated ) Tj ET Q q 0 0 0 rg BT 126.80 502.10 Td (series ) Tj ET Q q 0 0 0 rg BT 152.56 502.10 Td (based ) Tj ET Q q 0 0 0 rg BT 178.33 502.10 Td (on ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 191.32 502.10 Td (Strawberry ) Tj ET Q q 0 0 0 rg BT 239.32 502.10 Td (Shortcake) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.30 502.10 Td (. ) Tj ET Q q 0 0 0 rg BT 284.58 502.10 Td (The ) Tj ET Q q 0 0 0 rg BT 303.12 502.10 Td (new ) Tj ET Q q 0 0 0 rg BT 322.77 502.10 Td (content ) Tj ET Q q 0 0 0 rg BT 355.20 502.10 Td (will ) Tj ET Q q 0 0 0 rg BT 373.75 502.10 Td (be ) Tj ET Q q 0 0 0 rg BT 386.19 502.10 Td (produced ) Tj ET Q q 0 0 0 rg BT 426.39 502.10 Td (and ) Tj ET Q q 0 0 0 rg BT 443.82 502.10 Td (distributed ) Tj ET Q q 0 0 0 rg BT 489.59 502.10 Td (globally ) Tj ET Q q 0 0 0 rg BT 525.36 502.10 Td (by ) Tj ET Q q 0 0 0 rg BT 538.35 502.10 Td (DHX, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 490.10 Td (while ) Tj ET Q q 0 0 0 rg BT 92.29 490.10 Td (Iconix ) Tj ET Q q 0 0 0 rg BT 120.41 490.10 Td (will ) Tj ET Q q 0 0 0 rg BT 138.54 490.10 Td (handle ) Tj ET Q q 0 0 0 rg BT 167.77 490.10 Td (the ) Tj ET Q q 0 0 0 rg BT 182.56 490.10 Td (worldwide ) Tj ET Q q 0 0 0 rg BT 227.90 490.10 Td (merchandising ) Tj ET Q q 0 0 0 rg BT 289.35 490.10 Td (and ) Tj ET Q q 0 0 0 rg BT 306.36 490.10 Td (licensing ) Tj ET Q q 0 0 0 rg BT 345.03 490.10 Td (for ) Tj ET Q q 0 0 0 rg BT 359.27 490.10 Td (the ) Tj ET Q q 0 0 0 rg BT 374.06 490.10 Td (brand, ) Tj ET Q q 0 0 0 rg BT 401.90 490.10 Td (with ) Tj ET Q q 0 0 0 rg BT 422.25 490.10 Td (both ) Tj ET Q q 0 0 0 rg BT 442.60 490.10 Td (DHX ) Tj ET Q q 0 0 0 rg BT 466.84 490.10 Td (and ) Tj ET Q q 0 0 0 rg BT 483.85 490.10 Td (Iconix ) Tj ET Q q 0 0 0 rg BT 511.97 490.10 Td (participating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 478.10 Td (in ) Tj ET Q q 0 0 0 rg BT 79.08 478.10 Td (all ) Tj ET Q q 0 0 0 rg BT 92.89 478.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 128.34 478.10 Td (streams. ) Tj ET Q q 0 0 0 rg BT 164.35 478.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 214.25 478.10 Td (, ) Tj ET Q q 0 0 0 rg BT 220.56 478.10 Td (and ) Tj ET Q q 0 0 0 rg BT 238.80 478.10 Td (in ) Tj ET Q q 0 0 0 rg BT 250.39 478.10 Td (a ) Tj ET Q q 0 0 0 rg BT 258.63 478.10 Td (separate ) Tj ET Q q 0 0 0 rg BT 295.19 478.10 Td (agreement, ) Tj ET Q q 0 0 0 rg BT 343.14 478.10 Td (DHX ) Tj ET Q q 0 0 0 rg BT 368.61 478.10 Td (became ) Tj ET Q q 0 0 0 rg BT 402.95 478.10 Td (the ) Tj ET Q q 0 0 0 rg BT 418.97 478.10 Td (exclusive ) Tj ET Q q 0 0 0 rg BT 460.54 478.10 Td (global ) Tj ET Q q 0 0 0 rg BT 489.34 478.10 Td (distributor ) Tj ET Q q 0 0 0 rg BT 534.81 478.10 Td (for ) Tj ET Q q 0 0 0 rg BT 550.28 478.10 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 67.50 466.10 Td (Strawberry ) Tj ET Q q 0 0 0 rg BT 115.00 466.10 Td (Shortcake) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.99 466.10 Td ( ) Tj ET Q q 0 0 0 rg BT 157.49 466.10 Td (back ) Tj ET Q q 0 0 0 rg BT 178.86 466.10 Td (catalogue, ) Tj ET Q q 0 0 0 rg BT 222.17 466.10 Td (adding ) Tj ET Q q 0 0 0 rg BT 251.89 466.10 Td (108 ) Tj ET Q q 0 0 0 rg BT 269.39 466.10 Td (half-hours ) Tj ET Q q 0 0 0 rg BT 312.99 466.10 Td (to ) Tj ET Q q 0 0 0 rg BT 323.27 466.10 Td (DHX's ) Tj ET Q q 0 0 0 rg BT 353.13 466.10 Td (distribution ) Tj ET Q q 0 0 0 rg BT 401.74 466.10 Td (library) Tj ET Q q 0 0 0 rg BT 427.74 466.10 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 67.50 448.10 Td (Listing ) Tj ET Q q 0 0 0 rg BT 98.90 448.10 Td (on ) Tj ET Q q 0 0 0 rg BT 111.96 448.10 Td (NASDAQ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 430.10 Td (On ) Tj ET Q q 0 0 0 rg BT 100.40 430.10 Td (June ) Tj ET Q q 0 0 0 rg BT 121.40 430.10 Td (23, ) Tj ET Q q 0 0 0 rg BT 136.57 430.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 161.75 430.10 Td (the ) Tj ET Q q 0 0 0 rg BT 176.64 430.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 223.70 430.10 Td (V) Tj ET Q q 0 0 0 rg BT 229.81 430.10 Td (ariable ) Tj ET Q q 0 0 0 rg BT 259.49 430.10 Td (V) Tj ET Q q 0 0 0 rg BT 265.42 430.10 Td (oting ) Tj ET Q q 0 0 0 rg BT 288.65 430.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 317.99 430.10 Td (commenced ) Tj ET Q q 0 0 0 rg BT 368.97 430.10 Td (trading ) Tj ET Q q 0 0 0 rg BT 399.97 430.10 Td (on ) Tj ET Q q 0 0 0 rg BT 412.64 430.10 Td (NASDAQ ) Tj ET Q q 0 0 0 rg BT 456.99 430.10 Td (under ) Tj ET Q q 0 0 0 rg BT 482.43 430.10 Td (the ) Tj ET Q q 0 0 0 rg BT 497.32 430.10 Td (symbol ) Tj ET Q q 0 0 0 rg BT 529.44 430.10 Td (DHXM. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 418.10 Td (On ) Tj ET Q q 0 0 0 rg BT 82.43 418.10 Td (July ) Tj ET Q q 0 0 0 rg BT 101.81 418.10 Td (6, ) Tj ET Q q 0 0 0 rg BT 112.01 418.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 137.22 418.10 Td (the ) Tj ET Q q 0 0 0 rg BT 152.15 418.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 193.74 418.10 Td (announced ) Tj ET Q q 0 0 0 rg BT 239.76 418.10 Td (a ) Tj ET Q q 0 0 0 rg BT 246.91 418.10 Td (marketed, ) Tj ET Q q 0 0 0 rg BT 289.32 418.10 Td (underwritten ) Tj ET Q q 0 0 0 rg BT 343.12 418.10 Td (of) Tj ET Q q 0 0 0 rg BT 351.27 418.10 Td (fering ) Tj ET Q q 0 0 0 rg BT 377.85 418.10 Td (of ) Tj ET Q q 0 0 0 rg BT 388.89 418.10 Td (up ) Tj ET Q q 0 0 0 rg BT 401.60 418.10 Td (to ) Tj ET Q q 0 0 0 rg BT 412.08 418.10 Td (8,700,000 ) Tj ET Q q 0 0 0 rg BT 454.79 418.10 Td (variable ) Tj ET Q q 0 0 0 rg BT 489.51 418.10 Td (V) Tj ET Q q 0 0 0 rg BT 495.44 418.10 Td (oting ) Tj ET Q q 0 0 0 rg BT 518.70 418.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 548.07 418.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 406.10 Td (Common ) Tj ET Q q 0 0 0 rg BT 107.06 406.10 Td (V) Tj ET Q q 0 0 0 rg BT 112.99 406.10 Td (oting ) Tj ET Q q 0 0 0 rg BT 136.06 406.10 Td (Shares, ) Tj ET Q q 0 0 0 rg BT 167.74 406.10 Td (with ) Tj ET Q q 0 0 0 rg BT 188.03 406.10 Td (an ) Tj ET Q q 0 0 0 rg BT 199.98 406.10 Td (overallotment ) Tj ET Q q 0 0 0 rg BT 258.03 406.10 Td (of ) Tj ET Q q 0 0 0 rg BT 268.87 406.10 Td (up ) Tj ET Q q 0 0 0 rg BT 281.39 406.10 Td (to ) Tj ET Q q 0 0 0 rg BT 291.68 406.10 Td (1,305,000 ) Tj ET Q q 0 0 0 rg BT 334.01 406.10 Td (V) Tj ET Q q 0 0 0 rg BT 340.13 406.10 Td (ariable ) Tj ET Q q 0 0 0 rg BT 369.66 406.10 Td (V) Tj ET Q q 0 0 0 rg BT 375.59 406.10 Td (oting ) Tj ET Q q 0 0 0 rg BT 398.66 406.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 427.84 406.10 Td (and ) Tj ET Q q 0 0 0 rg BT 444.79 406.10 Td (Common ) Tj ET Q q 0 0 0 rg BT 484.53 406.10 Td (voting ) Tj ET Q q 0 0 0 rg BT 512.60 406.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 541.77 406.10 Td (\(") Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 549.18 406.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 394.10 Td (Offering") Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.71 394.10 Td (\). ) Tj ET Q q 0 0 0 rg BT 118.04 394.10 Td (On ) Tj ET Q q 0 0 0 rg BT 132.76 394.10 Td (July ) Tj ET Q q 0 0 0 rg BT 151.93 394.10 Td (9, ) Tj ET Q q 0 0 0 rg BT 161.93 394.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 186.93 394.10 Td (as ) Tj ET Q q 0 0 0 rg BT 197.76 394.10 Td (a ) Tj ET Q q 0 0 0 rg BT 204.70 394.10 Td (result ) Tj ET Q q 0 0 0 rg BT 229.41 394.10 Td (of ) Tj ET Q q 0 0 0 rg BT 240.24 394.10 Td (market ) Tj ET Q q 0 0 0 rg BT 270.51 394.10 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 317.17 394.10 Td (the ) Tj ET Q q 0 0 0 rg BT 331.89 394.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 373.28 394.10 Td (withdrew ) Tj ET Q q 0 0 0 rg BT 413.54 394.10 Td (the ) Tj ET Q q 0 0 0 rg BT 428.26 394.10 Td (Of) Tj ET Q q 0 0 0 rg BT 438.63 394.10 Td (fering.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 376.10 Td (Seasonality) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 358.10 Td (Results ) Tj ET Q q 0 0 0 rg BT 117.37 358.10 Td (of ) Tj ET Q q 0 0 0 rg BT 128.12 358.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 172.19 358.10 Td (for ) Tj ET Q q 0 0 0 rg BT 186.27 358.10 Td (any ) Tj ET Q q 0 0 0 rg BT 203.12 358.10 Td (period ) Tj ET Q q 0 0 0 rg BT 231.09 358.10 Td (are ) Tj ET Q q 0 0 0 rg BT 245.72 358.10 Td (dependent ) Tj ET Q q 0 0 0 rg BT 289.23 358.10 Td (on ) Tj ET Q q 0 0 0 rg BT 301.65 358.10 Td (the ) Tj ET Q q 0 0 0 rg BT 316.28 358.10 Td (number ) Tj ET Q q 0 0 0 rg BT 349.25 358.10 Td (and ) Tj ET Q q 0 0 0 rg BT 366.10 358.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 394.64 358.10 Td (of ) Tj ET Q q 0 0 0 rg BT 405.38 358.10 Td (film ) Tj ET Q q 0 0 0 rg BT 424.47 358.10 Td (and ) Tj ET Q q 0 0 0 rg BT 441.32 358.10 Td (television ) Tj ET Q q 0 0 0 rg BT 482.62 358.10 Td (programs ) Tj ET Q q 0 0 0 rg BT 522.81 358.10 Td (delivered, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 346.10 Td (which ) Tj ET Q q 0 0 0 rg BT 93.85 346.10 Td (cannot ) Tj ET Q q 0 0 0 rg BT 122.42 346.10 Td (be ) Tj ET Q q 0 0 0 rg BT 133.77 346.10 Td (predicted ) Tj ET Q q 0 0 0 rg BT 172.88 346.10 Td (with ) Tj ET Q q 0 0 0 rg BT 192.57 346.10 Td (certainty) Tj ET Q q 0 0 0 rg BT 226.90 346.10 Td (. ) Tj ET Q q 0 0 0 rg BT 231.31 346.10 Td (Consequently) Tj ET Q q 0 0 0 rg BT 285.66 346.10 Td (, ) Tj ET Q q 0 0 0 rg BT 290.07 346.10 Td (the ) Tj ET Q q 0 0 0 rg BT 304.20 346.10 Td (Company) Tj ET Q q 0 0 0 rg BT 345.86 346.10 Td (s ) Tj ET Q q 0 0 0 rg BT 351.67 346.10 Td (results ) Tj ET Q q 0 0 0 rg BT 379.69 346.10 Td (from ) Tj ET Q q 0 0 0 rg BT 401.04 346.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 444.60 346.10 Td (may ) Tj ET Q q 0 0 0 rg BT 463.73 346.10 Td (fluctuate ) Tj ET Q q 0 0 0 rg BT 500.63 346.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 543.07 346.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 334.10 Td (period-to-period ) Tj ET Q q 0 0 0 rg BT 135.34 334.10 Td (and ) Tj ET Q q 0 0 0 rg BT 152.08 334.10 Td (the ) Tj ET Q q 0 0 0 rg BT 166.60 334.10 Td (results ) Tj ET Q q 0 0 0 rg BT 195.01 334.10 Td (of ) Tj ET Q q 0 0 0 rg BT 205.64 334.10 Td (any ) Tj ET Q q 0 0 0 rg BT 222.39 334.10 Td (one ) Tj ET Q q 0 0 0 rg BT 239.13 334.10 Td (period ) Tj ET Q q 0 0 0 rg BT 266.98 334.10 Td (are ) Tj ET Q q 0 0 0 rg BT 281.49 334.10 Td (not ) Tj ET Q q 0 0 0 rg BT 296.57 334.10 Td (necessarily ) Tj ET Q q 0 0 0 rg BT 343.30 334.10 Td (indicative ) Tj ET Q q 0 0 0 rg BT 385.03 334.10 Td (of ) Tj ET Q q 0 0 0 rg BT 395.67 334.10 Td (results ) Tj ET Q q 0 0 0 rg BT 424.08 334.10 Td (for ) Tj ET Q q 0 0 0 rg BT 438.04 334.10 Td (future ) Tj ET Q q 0 0 0 rg BT 464.22 334.10 Td (periods. ) Tj ET Q q 0 0 0 rg BT 498.46 334.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 520.77 334.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 545.29 334.10 Td (may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 322.10 Td (also ) Tj ET Q q 0 0 0 rg BT 86.48 322.10 Td (fluctuate ) Tj ET Q q 0 0 0 rg BT 124.33 322.10 Td (and ) Tj ET Q q 0 0 0 rg BT 141.64 322.10 Td (are ) Tj ET Q q 0 0 0 rg BT 156.71 322.10 Td (not ) Tj ET Q q 0 0 0 rg BT 172.36 322.10 Td (necessarily ) Tj ET Q q 0 0 0 rg BT 219.66 322.10 Td (closely ) Tj ET Q q 0 0 0 rg BT 250.85 322.10 Td (correlated ) Tj ET Q q 0 0 0 rg BT 293.69 322.10 Td (with ) Tj ET Q q 0 0 0 rg BT 314.34 322.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 348.86 322.10 Td (recognition. ) Tj ET Q q 0 0 0 rg BT 399.77 322.10 Td (During ) Tj ET Q q 0 0 0 rg BT 430.97 322.10 Td (the ) Tj ET Q q 0 0 0 rg BT 446.06 322.10 Td (initial ) Tj ET Q q 0 0 0 rg BT 472.26 322.10 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 513.44 322.10 Td (of ) Tj ET Q q 0 0 0 rg BT 524.64 322.10 Td (the ) Tj ET Q q 0 0 0 rg BT 539.73 322.10 Td (rights ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 310.10 Td (the ) Tj ET Q q 0 0 0 rg BT 81.58 310.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 122.32 310.10 Td (is ) Tj ET Q q 0 0 0 rg BT 130.85 310.10 Td (somewhat ) Tj ET Q q 0 0 0 rg BT 173.26 310.10 Td (reliant ) Tj ET Q q 0 0 0 rg BT 200.66 310.10 Td (on ) Tj ET Q q 0 0 0 rg BT 212.52 310.10 Td (the ) Tj ET Q q 0 0 0 rg BT 226.60 310.10 Td (broadcaster) Tj ET Q q 0 0 0 rg BT 273.06 310.10 Td () Tj ET Q q 0 0 0 rg BT 275.83 310.10 Td (s ) Tj ET Q q 0 0 0 rg BT 281.59 310.10 Td (budget ) Tj ET Q q 0 0 0 rg BT 310.66 310.10 Td (and ) Tj ET Q q 0 0 0 rg BT 326.96 310.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 366.59 310.10 Td (cycles ) Tj ET Q q 0 0 0 rg BT 393.43 310.10 Td (and ) Tj ET Q q 0 0 0 rg BT 409.73 310.10 Td (at ) Tj ET Q q 0 0 0 rg BT 418.81 310.10 Td (times ) Tj ET Q q 0 0 0 rg BT 442.33 310.10 Td (the ) Tj ET Q q 0 0 0 rg BT 456.41 310.10 Td (license ) Tj ET Q q 0 0 0 rg BT 486.04 310.10 Td (period ) Tj ET Q q 0 0 0 rg BT 513.44 310.10 Td (gets ) Tj ET Q q 0 0 0 rg BT 531.41 310.10 Td (delayed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 298.10 Td (and ) Tj ET Q q 0 0 0 rg BT 84.44 298.10 Td (commences ) Tj ET Q q 0 0 0 rg BT 134.14 298.10 Td (at ) Tj ET Q q 0 0 0 rg BT 143.86 298.10 Td (a ) Tj ET Q q 0 0 0 rg BT 150.80 298.10 Td (later ) Tj ET Q q 0 0 0 rg BT 171.06 298.10 Td (date ) Tj ET Q q 0 0 0 rg BT 190.21 298.10 Td (than ) Tj ET Q q 0 0 0 rg BT 209.93 298.10 Td (originally ) Tj ET Q q 0 0 0 rg BT 251.31 298.10 Td (projected. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 280.10 Td (The ) Tj ET Q q 0 0 0 rg BT 103.90 280.10 Td (Company) Tj ET Q q 0 0 0 rg BT 145.56 280.10 Td (s ) Tj ET Q q 0 0 0 rg BT 152.30 280.10 Td (film ) Tj ET Q q 0 0 0 rg BT 171.81 280.10 Td (and ) Tj ET Q q 0 0 0 rg BT 189.10 280.10 Td (television ) Tj ET Q q 0 0 0 rg BT 230.83 280.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 269.21 280.10 Td (vary ) Tj ET Q q 0 0 0 rg BT 289.83 280.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 342.67 280.10 Td (from ) Tj ET Q q 0 0 0 rg BT 364.96 280.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 396.12 280.10 Td (to ) Tj ET Q q 0 0 0 rg BT 406.75 280.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 437.91 280.10 Td (driven ) Tj ET Q q 0 0 0 rg BT 466.31 280.10 Td (by ) Tj ET Q q 0 0 0 rg BT 479.15 280.10 Td (contracted ) Tj ET Q q 0 0 0 rg BT 523.64 280.10 Td (deliveries ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 268.10 Td (with ) Tj ET Q q 0 0 0 rg BT 87.61 268.10 Td (the ) Tj ET Q q 0 0 0 rg BT 102.16 268.10 Td (primary ) Tj ET Q q 0 0 0 rg BT 136.15 268.10 Td (broadcasters. ) Tj ET Q q 0 0 0 rg BT 190.44 268.10 Td (Although ) Tj ET Q q 0 0 0 rg BT 230.55 268.10 Td (with ) Tj ET Q q 0 0 0 rg BT 250.66 268.10 Td (the ) Tj ET Q q 0 0 0 rg BT 265.21 268.10 Td (Company) Tj ET Q q 0 0 0 rg BT 306.87 268.10 Td (s ) Tj ET Q q 0 0 0 rg BT 313.09 268.10 Td (continued ) Tj ET Q q 0 0 0 rg BT 354.86 268.10 Td (diversification ) Tj ET Q q 0 0 0 rg BT 414.95 268.10 Td (of ) Tj ET Q q 0 0 0 rg BT 425.61 268.10 Td (its ) Tj ET Q q 0 0 0 rg BT 437.39 268.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 471.37 268.10 Td (mix, ) Tj ET Q q 0 0 0 rg BT 491.76 268.10 Td (particularly ) Tj ET Q q 0 0 0 rg BT 540.18 268.10 Td (in ) Tj ET Q q 0 0 0 rg BT 550.29 268.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 256.10 Td (strengthening ) Tj ET Q q 0 0 0 rg BT 124.22 256.10 Td (of ) Tj ET Q q 0 0 0 rg BT 134.83 256.10 Td (the ) Tj ET Q q 0 0 0 rg BT 149.33 256.10 Td (distribution ) Tj ET Q q 0 0 0 rg BT 197.72 256.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 231.65 256.10 Td (stream, ) Tj ET Q q 0 0 0 rg BT 263.08 256.10 Td (some ) Tj ET Q q 0 0 0 rg BT 286.48 256.10 Td (of ) Tj ET Q q 0 0 0 rg BT 297.09 256.10 Td (the ) Tj ET Q q 0 0 0 rg BT 311.59 256.10 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 349.96 256.10 Td (unevenness ) Tj ET Q q 0 0 0 rg BT 398.34 256.10 Td (is ) Tj ET Q q 0 0 0 rg BT 407.29 256.10 Td (improving ) Tj ET Q q 0 0 0 rg BT 451.24 256.10 Td (slightly ) Tj ET Q q 0 0 0 rg BT 483.53 256.10 Td (and ) Tj ET Q q 0 0 0 rg BT 500.25 256.10 Td (becoming ) Tj ET Q q 0 0 0 rg BT 541.96 256.10 Td (more ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 244.10 Td (predictable. ) Tj ET Q q 0 0 0 rg BT 116.92 244.10 Td (Distribution ) Tj ET Q q 0 0 0 rg BT 167.75 244.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 205.79 244.10 Td (are ) Tj ET Q q 0 0 0 rg BT 220.50 244.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 255.20 244.10 Td (and ) Tj ET Q q 0 0 0 rg BT 272.14 244.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 306.29 244.10 Td (driven ) Tj ET Q q 0 0 0 rg BT 334.34 244.10 Td (and ) Tj ET Q q 0 0 0 rg BT 351.28 244.10 Td (can ) Tj ET Q q 0 0 0 rg BT 367.66 244.10 Td (fluctuate ) Tj ET Q q 0 0 0 rg BT 405.14 244.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 457.63 244.10 Td (from ) Tj ET Q q 0 0 0 rg BT 479.57 244.10 Td (period-to-period.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 226.10 Td (Critical ) Tj ET Q q 0 0 0 rg BT 102.21 226.10 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 153.60 226.10 Td (Estimates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 208.10 Td (The ) Tj ET Q q 0 0 0 rg BT 103.00 208.10 Td (preparation ) Tj ET Q q 0 0 0 rg BT 150.49 208.10 Td (of ) Tj ET Q q 0 0 0 rg BT 160.78 208.10 Td (the ) Tj ET Q q 0 0 0 rg BT 174.95 208.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 211.89 208.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 256.06 208.10 Td (in ) Tj ET Q q 0 0 0 rg BT 265.80 208.10 Td (conformity ) Tj ET Q q 0 0 0 rg BT 312.19 208.10 Td (with ) Tj ET Q q 0 0 0 rg BT 331.92 208.10 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 355.00 208.10 Td (requires ) Tj ET Q q 0 0 0 rg BT 389.17 208.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 443.33 208.10 Td (to ) Tj ET Q q 0 0 0 rg BT 453.06 208.10 Td (make ) Tj ET Q q 0 0 0 rg BT 476.67 208.10 Td (estimates, ) Tj ET Q q 0 0 0 rg BT 518.34 208.10 Td (judgments, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 196.10 Td (and ) Tj ET Q q 0 0 0 rg BT 83.92 196.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 135.36 196.10 Td (that ) Tj ET Q q 0 0 0 rg BT 152.34 196.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 206.53 196.10 Td (believes ) Tj ET Q q 0 0 0 rg BT 241.28 196.10 Td (are ) Tj ET Q q 0 0 0 rg BT 255.47 196.10 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 300.21 196.10 Td (based ) Tj ET Q q 0 0 0 rg BT 324.97 196.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 346.95 196.10 Td (the ) Tj ET Q q 0 0 0 rg BT 361.16 196.10 Td (information ) Tj ET Q q 0 0 0 rg BT 410.36 196.10 Td (available. ) Tj ET Q q 0 0 0 rg BT 450.79 196.10 Td (These ) Tj ET Q q 0 0 0 rg BT 476.65 196.10 Td (estimates, ) Tj ET Q q 0 0 0 rg BT 518.35 196.10 Td (judgments, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 184.10 Td (and ) Tj ET Q q 0 0 0 rg BT 84.49 184.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 136.48 184.10 Td (af) Tj ET Q q 0 0 0 rg BT 144.07 184.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 161.60 184.10 Td (the ) Tj ET Q q 0 0 0 rg BT 176.37 184.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 212.23 184.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 248.67 184.10 Td (of ) Tj ET Q q 0 0 0 rg BT 259.54 184.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 285.42 184.10 Td (and ) Tj ET Q q 0 0 0 rg BT 302.41 184.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 342.17 184.10 Td (and ) Tj ET Q q 0 0 0 rg BT 359.16 184.10 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 402.25 184.10 Td (of ) Tj ET Q q 0 0 0 rg BT 413.13 184.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 457.89 184.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 483.77 184.10 Td (and ) Tj ET Q q 0 0 0 rg BT 500.76 184.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 540.52 184.10 Td (at ) Tj ET Q q 0 0 0 rg BT 550.29 184.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 172.10 Td (date ) Tj ET Q q 0 0 0 rg BT 86.13 172.10 Td (of ) Tj ET Q q 0 0 0 rg BT 96.44 172.10 Td (the ) Tj ET Q q 0 0 0 rg BT 110.63 172.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 147.59 172.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 191.78 172.10 Td (and ) Tj ET Q q 0 0 0 rg BT 208.20 172.10 Td (the ) Tj ET Q q 0 0 0 rg BT 222.39 172.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 257.69 172.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 293.55 172.10 Td (of ) Tj ET Q q 0 0 0 rg BT 303.86 172.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 341.37 172.10 Td (and ) Tj ET Q q 0 0 0 rg BT 357.79 172.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 395.86 172.10 Td (during ) Tj ET Q q 0 0 0 rg BT 423.95 172.10 Td (the ) Tj ET Q q 0 0 0 rg BT 438.14 172.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 476.78 172.10 Td (year ) Tj ET Q q 0 0 0 rg BT 495.96 172.10 Td (or ) Tj ET Q q 0 0 0 rg BT 506.27 172.10 Td (period. ) Tj ET Q q 0 0 0 rg BT 535.86 172.10 Td (Actual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 160.10 Td (results ) Tj ET Q q 0 0 0 rg BT 97.42 160.10 Td (can ) Tj ET Q q 0 0 0 rg BT 115.10 160.10 Td (dif) Tj ET Q q 0 0 0 rg BT 126.03 160.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 140.94 160.10 Td (from ) Tj ET Q q 0 0 0 rg BT 164.19 160.10 Td (those ) Tj ET Q q 0 0 0 rg BT 189.11 160.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 230.13 160.10 Td (\(refer ) Tj ET Q q 0 0 0 rg BT 256.13 160.10 Td (to ) Tj ET Q q 0 0 0 rg BT 267.72 160.10 Td (page ) Tj ET Q q 0 0 0 rg BT 290.41 160.10 Td (2 ) Tj ET Q q 0 0 0 rg BT 299.22 160.10 Td (of ) Tj ET Q q 0 0 0 rg BT 311.36 160.10 Td (this ) Tj ET Q q 0 0 0 rg BT 329.62 160.10 Td (MD&A) Tj ET Q q 0 0 0 rg BT 360.18 160.10 Td ( ) Tj ET Q q 0 0 0 rg BT 363.99 160.10 Td (for ) Tj ET Q q 0 0 0 rg BT 379.46 160.10 Td (more ) Tj ET Q q 0 0 0 rg BT 403.81 160.10 Td (information ) Tj ET Q q 0 0 0 rg BT 454.83 160.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 496.96 160.10 Td (forward-looking ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 148.10 Td (information\). ) Tj ET Q q 0 0 0 rg BT 122.42 148.10 Td (For ) Tj ET Q q 0 0 0 rg BT 138.19 148.10 Td (a ) Tj ET Q q 0 0 0 rg BT 144.51 148.10 Td (discussion ) Tj ET Q q 0 0 0 rg BT 188.06 148.10 Td (of ) Tj ET Q q 0 0 0 rg BT 198.27 148.10 Td (all ) Tj ET Q q 0 0 0 rg BT 210.14 148.10 Td (of ) Tj ET Q q 0 0 0 rg BT 220.35 148.10 Td (the ) Tj ET Q q 0 0 0 rg BT 234.45 148.10 Td (Company) Tj ET Q q 0 0 0 rg BT 276.11 148.10 Td (s ) Tj ET Q q 0 0 0 rg BT 281.88 148.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 327.63 148.10 Td (policies, ) Tj ET Q q 0 0 0 rg BT 363.11 148.10 Td (refer ) Tj ET Q q 0 0 0 rg BT 383.86 148.10 Td (to ) Tj ET Q q 0 0 0 rg BT 393.52 148.10 Td (note ) Tj ET Q q 0 0 0 rg BT 412.61 148.10 Td (3 ) Tj ET Q q 0 0 0 rg BT 419.49 148.10 Td (of ) Tj ET Q q 0 0 0 rg BT 429.70 148.10 Td (the ) Tj ET Q q 0 0 0 rg BT 443.80 148.10 Td (audited ) Tj ET Q q 0 0 0 rg BT 475.11 148.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 527.53 148.10 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 136.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 112.46 136.10 Td (for ) Tj ET Q q 0 0 0 rg BT 126.87 136.10 Td (the ) Tj ET Q q 0 0 0 rg BT 141.83 136.10 Td (years ) Tj ET Q q 0 0 0 rg BT 165.68 136.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 192.30 136.10 Td (June ) Tj ET Q q 0 0 0 rg BT 213.38 136.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 228.63 136.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 251.38 136.10 Td (and ) Tj ET Q q 0 0 0 rg BT 268.57 136.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 291.31 136.10 Td (on ) Tj ET Q q 0 0 0 rg BT 304.06 136.10 Td (www) Tj ET Q q 0 0 0 rg BT 325.08 136.10 Td (.sedar) Tj ET Q q 0 0 0 rg BT 348.12 136.10 Td (.com ) Tj ET Q q 0 0 0 rg BT 370.59 136.10 Td (or ) Tj ET Q q 0 0 0 rg BT 381.67 136.10 Td (DHX) Tj ET Q q 0 0 0 rg BT 406.11 136.10 Td (s ) Tj ET Q q 0 0 0 rg BT 412.75 136.10 Td (website ) Tj ET Q q 0 0 0 rg BT 446.04 136.10 Td (at ) Tj ET Q q 0 0 0 rg BT 456.01 136.10 Td (www) Tj ET Q q 0 0 0 rg BT 477.03 136.10 Td (.dhxmedia.com ) Tj ET Q q 0 0 0 rg BT 541.42 136.10 Td (or ) Tj ET Q q 0 0 0 rg BT 552.50 136.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 124.10 Td (EDGAR ) Tj ET Q q 0 0 0 rg BT 104.44 124.10 Td (at ) Tj ET Q q 0 0 0 rg BT 114.16 124.10 Td (www) Tj ET Q q 0 0 0 rg BT 135.18 124.10 Td (.sec.gov/edgar) Tj ET Q q 0 0 0 rg BT 192.38 124.10 Td (.shtml. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 67.50 103.80 Td (Financial Instruments and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.19 103.80 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 194.69 103.80 Td (Risk Management) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 85.80 Td (The ) Tj ET Q q 0 0 0 rg BT 104.84 85.80 Td (Company) Tj ET Q q 0 0 0 rg BT 146.51 85.80 Td (s ) Tj ET Q q 0 0 0 rg BT 154.19 85.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 192.97 85.80 Td (instruments ) Tj ET Q q 0 0 0 rg BT 243.43 85.80 Td (consist ) Tj ET Q q 0 0 0 rg BT 275.00 85.80 Td (of ) Tj ET Q q 0 0 0 rg BT 287.13 85.80 Td (cash ) Tj ET Q q 0 0 0 rg BT 308.69 85.80 Td (and ) Tj ET Q q 0 0 0 rg BT 326.93 85.80 Td (cash ) Tj ET Q q 0 0 0 rg BT 348.49 85.80 Td (equivalents, ) Tj ET Q q 0 0 0 rg BT 400.33 85.80 Td (amounts ) Tj ET Q q 0 0 0 rg BT 438.01 85.80 Td (receivable, ) Tj ET Q q 0 0 0 rg BT 485.39 85.80 Td (long-term ) Tj ET Q q 0 0 0 rg BT 528.61 85.80 Td (amounts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 73.80 Td (receivable, ) Tj ET Q q 0 0 0 rg BT 114.13 73.80 Td (bank ) Tj ET Q q 0 0 0 rg BT 136.61 73.80 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 191.32 73.80 Td (\(when ) Tj ET Q q 0 0 0 rg BT 219.36 73.80 Td (drawn\), ) Tj ET Q q 0 0 0 rg BT 253.23 73.80 Td (interim ) Tj ET Q q 0 0 0 rg BT 285.16 73.80 Td (production ) Tj ET Q q 0 0 0 rg BT 331.53 73.80 Td (financing, ) Tj ET Q q 0 0 0 rg BT 374.84 73.80 Td (accounts ) Tj ET Q q 0 0 0 rg BT 412.87 73.80 Td (payable ) Tj ET Q q 0 0 0 rg BT 447.02 73.80 Td (and ) Tj ET Q q 0 0 0 rg BT 464.50 73.80 Td (accrued ) Tj ET Q q 0 0 0 rg BT 498.64 73.80 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 541.40 73.80 Td (long-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 61.80 Td (term ) Tj ET Q q 0 0 0 rg BT 87.26 61.80 Td (debt ) Tj ET Q q 0 0 0 rg BT 105.92 61.80 Td (and ) Tj ET Q q 0 0 0 rg BT 121.79 61.80 Td (obligations ) Tj ET Q q 0 0 0 rg BT 167.68 61.80 Td (under ) Tj ET Q q 0 0 0 rg BT 191.88 61.80 Td (finance ) Tj ET Q q 0 0 0 rg BT 222.74 61.80 Td (leases, ) Tj ET Q q 0 0 0 rg BT 250.56 61.80 Td (and ) Tj ET Q q 0 0 0 rg BT 266.44 61.80 Td (the ) Tj ET Q q 0 0 0 rg BT 280.09 61.80 Td (other ) Tj ET Q q 0 0 0 rg BT 302.08 61.80 Td (liabilities. ) Tj ET Q q 0 0 0 rg BT 343.13 61.80 Td (The ) Tj ET Q q 0 0 0 rg BT 360.11 61.80 Td (Company) Tj ET Q q 0 0 0 rg BT 398.35 61.80 Td (, ) Tj ET Q q 0 0 0 rg BT 402.29 61.80 Td (through ) Tj ET Q q 0 0 0 rg BT 434.83 61.80 Td (its ) Tj ET Q q 0 0 0 rg BT 445.72 61.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 482.14 61.80 Td (assets ) Tj ET Q q 0 0 0 rg BT 506.91 61.80 Td (and ) Tj ET Q q 0 0 0 rg BT 522.78 61.80 Td (liabilities, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 49.80 Td (has ) Tj ET Q q 0 0 0 rg BT 83.31 49.80 Td (exposure ) Tj ET Q q 0 0 0 rg BT 121.88 49.80 Td (to ) Tj ET Q q 0 0 0 rg BT 132.14 49.80 Td (the ) Tj ET Q q 0 0 0 rg BT 146.84 49.80 Td (following ) Tj ET Q q 0 0 0 rg BT 188.20 49.80 Td (risks ) Tj ET Q q 0 0 0 rg BT 209.57 49.80 Td (from ) Tj ET Q q 0 0 0 rg BT 231.49 49.80 Td (its ) Tj ET Q q 0 0 0 rg BT 243.41 49.80 Td (use ) Tj ET Q q 0 0 0 rg BT 259.22 49.80 Td (of ) Tj ET Q q 0 0 0 rg BT 270.03 49.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 307.49 49.80 Td (instruments: ) Tj ET Q q 0 0 0 rg BT 359.41 49.80 Td (credit ) Tj ET Q q 0 0 0 rg BT 384.65 49.80 Td (risk, ) Tj ET Q q 0 0 0 rg BT 404.63 49.80 Td (interest ) Tj ET Q q 0 0 0 rg BT 436.54 49.80 Td (rate ) Tj ET Q q 0 0 0 rg BT 454.00 49.80 Td (risk, ) Tj ET Q q 0 0 0 rg BT 473.98 49.80 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 510.35 49.80 Td (risk ) Tj ET Q q 0 0 0 rg BT 527.83 49.80 Td (and ) Tj ET Q q 0 0 0 rg BT 544.75 49.80 Td (cash ) Tj ET Q endstream endobj 51 0 obj <> endobj 52 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6 0.6 0.6 rg BT 301.00 31.60 Td (25) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 67.50 742.10 Td (equivalents, ) Tj ET Q q 0 0 0 rg BT 118.26 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 135.41 742.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 173.10 742.10 Td (risk. ) Tj ET Q q 0 0 0 rg BT 193.31 742.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 248.23 742.10 Td (monitors ) Tj ET Q q 0 0 0 rg BT 286.50 742.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 304.21 742.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 330.25 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 347.40 742.10 Td (reviews ) Tj ET Q q 0 0 0 rg BT 381.22 742.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 398.93 742.10 Td (management ) Tj ET Q q 0 0 0 rg BT 452.73 742.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 491.54 742.10 Td (as ) Tj ET Q q 0 0 0 rg BT 502.59 742.10 Td (they ) Tj ET Q q 0 0 0 rg BT 522.52 742.10 Td (determine ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 77.78 730.10 Td (be ) Tj ET Q q 0 0 0 rg BT 89.72 730.10 Td (necessary) Tj ET Q q 0 0 0 rg BT 127.93 730.10 Td (. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 67.50 711.10 Td (Credit Risk) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 693.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 111.75 693.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 128.00 693.10 Td (arises ) Tj ET Q q 0 0 0 rg BT 152.03 693.10 Td (from ) Tj ET Q q 0 0 0 rg BT 172.72 693.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 191.74 693.10 Td (and ) Tj ET Q q 0 0 0 rg BT 207.43 693.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 226.46 693.10 Td (equivalents, ) Tj ET Q q 0 0 0 rg BT 275.75 693.10 Td (as ) Tj ET Q q 0 0 0 rg BT 285.33 693.10 Td (well ) Tj ET Q q 0 0 0 rg BT 303.81 693.10 Td (as ) Tj ET Q q 0 0 0 rg BT 313.39 693.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 337.41 693.10 Td (exposure ) Tj ET Q q 0 0 0 rg BT 374.76 693.10 Td (to ) Tj ET Q q 0 0 0 rg BT 383.79 693.10 Td (customers, ) Tj ET Q q 0 0 0 rg BT 428.09 693.10 Td (including ) Tj ET Q q 0 0 0 rg BT 467.12 693.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 515.04 693.10 Td (receivables. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 681.10 Td (The ) Tj ET Q q 0 0 0 rg BT 85.65 681.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 127.15 681.10 Td (manages ) Tj ET Q q 0 0 0 rg BT 164.74 681.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 190.11 681.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 207.72 681.10 Td (on ) Tj ET Q q 0 0 0 rg BT 220.33 681.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 240.70 681.10 Td (and ) Tj ET Q q 0 0 0 rg BT 257.75 681.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 278.13 681.10 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 326.27 681.10 Td (by ) Tj ET Q q 0 0 0 rg BT 338.88 681.10 Td (ensuring ) Tj ET Q q 0 0 0 rg BT 375.93 681.10 Td (that ) Tj ET Q q 0 0 0 rg BT 393.53 681.10 Td (the ) Tj ET Q q 0 0 0 rg BT 408.35 681.10 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 467.60 681.10 Td (are ) Tj ET Q q 0 0 0 rg BT 482.42 681.10 Td (banks, ) Tj ET Q q 0 0 0 rg BT 510.85 681.10 Td (governments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 669.10 Td (and ) Tj ET Q q 0 0 0 rg BT 84.66 669.10 Td (government ) Tj ET Q q 0 0 0 rg BT 135.14 669.10 Td (agencies ) Tj ET Q q 0 0 0 rg BT 172.29 669.10 Td (with ) Tj ET Q q 0 0 0 rg BT 192.79 669.10 Td (high ) Tj ET Q q 0 0 0 rg BT 213.29 669.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 238.77 669.10 Td (ratings. ) Tj ET Q q 0 0 0 rg BT 271.01 669.10 Td (The ) Tj ET Q q 0 0 0 rg BT 289.28 669.10 Td (maximum ) Tj ET Q q 0 0 0 rg BT 332.56 669.10 Td (exposure ) Tj ET Q q 0 0 0 rg BT 371.38 669.10 Td (to ) Tj ET Q q 0 0 0 rg BT 381.88 669.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 407.36 669.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 425.08 669.10 Td (for ) Tj ET Q q 0 0 0 rg BT 439.46 669.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 459.95 669.10 Td (and ) Tj ET Q q 0 0 0 rg BT 477.11 669.10 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 525.38 669.10 Td (and ) Tj ET Q q 0 0 0 rg BT 542.53 669.10 Td (trade ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 657.10 Td (receivables ) Tj ET Q q 0 0 0 rg BT 114.97 657.10 Td (approximate ) Tj ET Q q 0 0 0 rg BT 167.45 657.10 Td (the ) Tj ET Q q 0 0 0 rg BT 182.17 657.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 214.66 657.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 252.14 657.10 Td (on ) Tj ET Q q 0 0 0 rg BT 264.64 657.10 Td (the ) Tj ET Q q 0 0 0 rg BT 279.36 657.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 332.40 657.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 365.43 657.10 Td (sheet.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 639.10 Td (The ) Tj ET Q q 0 0 0 rg BT 104.71 639.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 138.90 639.10 Td (of ) Tj ET Q q 0 0 0 rg BT 150.89 639.10 Td (trade ) Tj ET Q q 0 0 0 rg BT 174.54 639.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 212.09 639.10 Td (receivable ) Tj ET Q q 0 0 0 rg BT 256.83 639.10 Td (are ) Tj ET Q q 0 0 0 rg BT 272.70 639.10 Td (mainly ) Tj ET Q q 0 0 0 rg BT 304.13 639.10 Td (with ) Tj ET Q q 0 0 0 rg BT 325.57 639.10 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 366.99 639.10 Td (broadcasters ) Tj ET Q q 0 0 0 rg BT 420.63 639.10 Td (and ) Tj ET Q q 0 0 0 rg BT 438.73 639.10 Td (lar) Tj ET Q q 0 0 0 rg BT 449.10 639.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 462.20 639.10 Td (international ) Tj ET Q q 0 0 0 rg BT 516.39 639.10 Td (distribution ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 627.10 Td (companies. ) Tj ET Q q 0 0 0 rg BT 114.37 627.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 168.17 627.10 Td (manages ) Tj ET Q q 0 0 0 rg BT 204.76 627.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 229.12 627.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 245.72 627.10 Td (by ) Tj ET Q q 0 0 0 rg BT 257.32 627.10 Td (regularly ) Tj ET Q q 0 0 0 rg BT 295.02 627.10 Td (reviewing ) Tj ET Q q 0 0 0 rg BT 336.61 627.10 Td (aged ) Tj ET Q q 0 0 0 rg BT 357.08 627.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 393.67 627.10 Td (receivables ) Tj ET Q q 0 0 0 rg BT 440.24 627.10 Td (and ) Tj ET Q q 0 0 0 rg BT 456.28 627.10 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 503.42 627.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 527.78 627.10 Td (analysis. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 615.10 Td (The ) Tj ET Q q 0 0 0 rg BT 84.91 615.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 125.65 615.10 Td (has ) Tj ET Q q 0 0 0 rg BT 140.84 615.10 Td (booked ) Tj ET Q q 0 0 0 rg BT 172.14 615.10 Td (an ) Tj ET Q q 0 0 0 rg BT 183.44 615.10 Td (allowance ) Tj ET Q q 0 0 0 rg BT 225.83 615.10 Td (for ) Tj ET Q q 0 0 0 rg BT 239.36 615.10 Td (doubtful ) Tj ET Q q 0 0 0 rg BT 275.10 615.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 311.95 615.10 Td (of ) Tj ET Q q 0 0 0 rg BT 322.14 615.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 381.76 615.10 Td (5% ) Tj ET Q q 0 0 0 rg BT 396.95 615.10 Td (against ) Tj ET Q q 0 0 0 rg BT 427.13 615.10 Td (the ) Tj ET Q q 0 0 0 rg BT 441.21 615.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 464.18 615.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 499.93 615.10 Td (for ) Tj ET Q q 0 0 0 rg BT 513.45 615.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 542.51 615.10 Td (trade ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 603.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 103.89 603.10 Td (receivable ) Tj ET Q q 0 0 0 rg BT 147.47 603.10 Td (and ) Tj ET Q q 0 0 0 rg BT 164.40 603.10 Td (management ) Tj ET Q q 0 0 0 rg BT 217.99 603.10 Td (believes ) Tj ET Q q 0 0 0 rg BT 253.26 603.10 Td (that ) Tj ET Q q 0 0 0 rg BT 270.75 603.10 Td (the ) Tj ET Q q 0 0 0 rg BT 285.47 603.10 Td (net ) Tj ET Q q 0 0 0 rg BT 300.19 603.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 332.68 603.10 Td (of ) Tj ET Q q 0 0 0 rg BT 343.51 603.10 Td (trade ) Tj ET Q q 0 0 0 rg BT 366.00 603.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 402.38 603.10 Td (receivable ) Tj ET Q q 0 0 0 rg BT 445.96 603.10 Td (is ) Tj ET Q q 0 0 0 rg BT 455.13 603.10 Td (fully ) Tj ET Q q 0 0 0 rg BT 476.52 603.10 Td (collectible.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 585.10 Td (In ) Tj ET Q q 0 0 0 rg BT 96.17 585.10 Td (assessing ) Tj ET Q q 0 0 0 rg BT 135.73 585.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 160.83 585.10 Td (risk, ) Tj ET Q q 0 0 0 rg BT 180.67 585.10 Td (management ) Tj ET Q q 0 0 0 rg BT 234.10 585.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 269.76 585.10 Td (in ) Tj ET Q q 0 0 0 rg BT 279.88 585.10 Td (its ) Tj ET Q q 0 0 0 rg BT 291.67 585.10 Td (assessment ) Tj ET Q q 0 0 0 rg BT 338.44 585.10 Td (the ) Tj ET Q q 0 0 0 rg BT 353.00 585.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 394.77 585.10 Td (receivables ) Tj ET Q q 0 0 0 rg BT 442.08 585.10 Td (and ) Tj ET Q q 0 0 0 rg BT 458.86 585.10 Td (considers ) Tj ET Q q 0 0 0 rg BT 498.97 585.10 Td (what ) Tj ET Q q 0 0 0 rg BT 520.74 585.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 550.29 585.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 573.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 109.08 573.10 Td (nature ) Tj ET Q q 0 0 0 rg BT 136.21 573.10 Td (of ) Tj ET Q q 0 0 0 rg BT 146.68 573.10 Td (the ) Tj ET Q q 0 0 0 rg BT 161.04 573.10 Td (receivable ) Tj ET Q q 0 0 0 rg BT 204.26 573.10 Td (has ) Tj ET Q q 0 0 0 rg BT 219.74 573.10 Td (on ) Tj ET Q q 0 0 0 rg BT 231.88 573.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 256.79 573.10 Td (risk. ) Tj ET Q q 0 0 0 rg BT 276.43 573.10 Td ( ) Tj ET Q q 0 0 0 rg BT 278.57 573.10 Td (For ) Tj ET Q q 0 0 0 rg BT 294.61 573.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 323.96 573.10 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 379.96 573.10 Td (with ) Tj ET Q q 0 0 0 rg BT 399.88 573.10 Td (licensees, ) Tj ET Q q 0 0 0 rg BT 440.62 573.10 Td (the ) Tj ET Q q 0 0 0 rg BT 454.98 573.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 496.01 573.10 Td (is ) Tj ET Q q 0 0 0 rg BT 504.82 573.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 550.28 573.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 561.10 Td (agent, ) Tj ET Q q 0 0 0 rg BT 94.50 561.10 Td (and ) Tj ET Q q 0 0 0 rg BT 111.79 561.10 Td (only ) Tj ET Q q 0 0 0 rg BT 132.41 561.10 Td (reports ) Tj ET Q q 0 0 0 rg BT 163.03 561.10 Td (the ) Tj ET Q q 0 0 0 rg BT 178.09 561.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 212.58 561.10 Td (net ) Tj ET Q q 0 0 0 rg BT 227.65 561.10 Td (of ) Tj ET Q q 0 0 0 rg BT 238.82 561.10 Td (the ) Tj ET Q q 0 0 0 rg BT 253.89 561.10 Td (licensor) Tj ET Q q 0 0 0 rg BT 285.91 561.10 Td () Tj ET Q q 0 0 0 rg BT 288.69 561.10 Td (s ) Tj ET Q q 0 0 0 rg BT 295.43 561.10 Td (share. ) Tj ET Q q 0 0 0 rg BT 321.88 561.10 Td ( ) Tj ET Q q 0 0 0 rg BT 324.52 561.10 Td (When ) Tj ET Q q 0 0 0 rg BT 351.24 561.10 Td (the ) Tj ET Q q 0 0 0 rg BT 366.30 561.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 408.04 561.10 Td (bills ) Tj ET Q q 0 0 0 rg BT 428.11 561.10 Td (a ) Tj ET Q q 0 0 0 rg BT 435.40 561.10 Td (third ) Tj ET Q q 0 0 0 rg BT 457.13 561.10 Td (party ) Tj ET Q q 0 0 0 rg BT 480.52 561.10 Td (in ) Tj ET Q q 0 0 0 rg BT 491.15 561.10 Td (full ) Tj ET Q q 0 0 0 rg BT 507.88 561.10 Td (where ) Tj ET Q q 0 0 0 rg BT 535.16 561.10 Td (it ) Tj ET Q q 0 0 0 rg BT 543.56 561.10 Td (is ) Tj ET Q q 0 0 0 rg BT 553.08 561.10 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 549.10 Td (agent ) Tj ET Q q 0 0 0 rg BT 91.51 549.10 Td (for ) Tj ET Q q 0 0 0 rg BT 105.53 549.10 Td (the ) Tj ET Q q 0 0 0 rg BT 120.10 549.10 Td (licensor) Tj ET Q q 0 0 0 rg BT 151.36 549.10 Td (, ) Tj ET Q q 0 0 0 rg BT 156.22 549.10 Td (the ) Tj ET Q q 0 0 0 rg BT 170.79 549.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 212.04 549.10 Td (records ) Tj ET Q q 0 0 0 rg BT 243.82 549.10 Td (an ) Tj ET Q q 0 0 0 rg BT 255.62 549.10 Td (of) Tj ET Q q 0 0 0 rg BT 263.77 549.10 Td (fsetting ) Tj ET Q q 0 0 0 rg BT 296.12 549.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 328.47 549.10 Td (in ) Tj ET Q q 0 0 0 rg BT 338.61 549.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 375.95 549.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 409.40 549.10 Td (that ) Tj ET Q q 0 0 0 rg BT 426.75 549.10 Td (is ) Tj ET Q q 0 0 0 rg BT 435.78 549.10 Td (only ) Tj ET Q q 0 0 0 rg BT 455.92 549.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 489.37 549.10 Td (to ) Tj ET Q q 0 0 0 rg BT 499.50 549.10 Td (a ) Tj ET Q q 0 0 0 rg BT 506.30 549.10 Td (licensee ) Tj ET Q q 0 0 0 rg BT 540.86 549.10 Td (when ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 537.10 Td (the ) Tj ET Q q 0 0 0 rg BT 81.88 537.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 114.04 537.10 Td (is ) Tj ET Q q 0 0 0 rg BT 122.88 537.10 Td (collected ) Tj ET Q q 0 0 0 rg BT 161.13 537.10 Td (from ) Tj ET Q q 0 0 0 rg BT 182.73 537.10 Td (the ) Tj ET Q q 0 0 0 rg BT 197.11 537.10 Td (third ) Tj ET Q q 0 0 0 rg BT 218.16 537.10 Td (party) Tj ET Q q 0 0 0 rg BT 238.06 537.10 Td (. ) Tj ET Q q 0 0 0 rg BT 242.73 537.10 Td ( ) Tj ET Q q 0 0 0 rg BT 244.73 537.10 Td (This ) Tj ET Q q 0 0 0 rg BT 264.68 537.10 Td (reduces ) Tj ET Q q 0 0 0 rg BT 297.38 537.10 Td (the ) Tj ET Q q 0 0 0 rg BT 311.76 537.10 Td (risk, ) Tj ET Q q 0 0 0 rg BT 331.42 537.10 Td (as ) Tj ET Q q 0 0 0 rg BT 341.92 537.10 Td (the ) Tj ET Q q 0 0 0 rg BT 356.30 537.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 397.35 537.10 Td (is ) Tj ET Q q 0 0 0 rg BT 406.19 537.10 Td (only ) Tj ET Q q 0 0 0 rg BT 426.13 537.10 Td (exposed ) Tj ET Q q 0 0 0 rg BT 461.06 537.10 Td (to ) Tj ET Q q 0 0 0 rg BT 471.01 537.10 Td (the ) Tj ET Q q 0 0 0 rg BT 485.39 537.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 521.44 537.10 Td (receivable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 525.10 Td (related ) Tj ET Q q 0 0 0 rg BT 97.20 525.10 Td (to ) Tj ET Q q 0 0 0 rg BT 107.48 525.10 Td (the ) Tj ET Q q 0 0 0 rg BT 122.20 525.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 156.34 525.10 Td (it ) Tj ET Q q 0 0 0 rg BT 164.40 525.10 Td (records. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 67.50 506.10 Td (Interest ) Tj ET Q q 0 0 0 rg BT 101.67 506.10 Td (Rate ) Tj ET Q q 0 0 0 rg BT 123.06 506.10 Td (Risk) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 488.10 Td (The ) Tj ET Q q 0 0 0 rg BT 103.03 488.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 143.90 488.10 Td (is ) Tj ET Q q 0 0 0 rg BT 152.56 488.10 Td (exposed ) Tj ET Q q 0 0 0 rg BT 187.31 488.10 Td (to ) Tj ET Q q 0 0 0 rg BT 197.07 488.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 228.49 488.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 245.46 488.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 262.45 488.10 Td (arising ) Tj ET Q q 0 0 0 rg BT 291.65 488.10 Td (from ) Tj ET Q q 0 0 0 rg BT 313.07 488.10 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 362.27 488.10 Td (in ) Tj ET Q q 0 0 0 rg BT 372.03 488.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 403.45 488.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 424.31 488.10 Td (as ) Tj ET Q q 0 0 0 rg BT 434.63 488.10 Td (its ) Tj ET Q q 0 0 0 rg BT 446.06 488.10 Td (interim ) Tj ET Q q 0 0 0 rg BT 476.93 488.10 Td (production ) Tj ET Q q 0 0 0 rg BT 522.24 488.10 Td (financing, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 476.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 96.80 476.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 138.32 476.10 Td (debt, ) Tj ET Q q 0 0 0 rg BT 160.13 476.10 Td (and ) Tj ET Q q 0 0 0 rg BT 176.67 476.10 Td (a ) Tj ET Q q 0 0 0 rg BT 183.20 476.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 214.18 476.10 Td (of ) Tj ET Q q 0 0 0 rg BT 224.60 476.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 244.46 476.10 Td (and ) Tj ET Q q 0 0 0 rg BT 261.00 476.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 280.86 476.10 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 328.50 476.10 Td (bear ) Tj ET Q q 0 0 0 rg BT 347.80 476.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 379.32 476.10 Td (at ) Tj ET Q q 0 0 0 rg BT 388.63 476.10 Td (floating ) Tj ET Q q 0 0 0 rg BT 421.83 476.10 Td (rates. ) Tj ET Q q 0 0 0 rg BT 445.30 476.10 Td ( ) Tj ET Q q 0 0 0 rg BT 446.93 476.10 Td (A) Tj ET Q q 0 0 0 rg BT 453.60 476.10 Td ( ) Tj ET Q q 0 0 0 rg BT 455.70 476.10 Td (1% ) Tj ET Q q 0 0 0 rg BT 471.12 476.10 Td (fluctuation ) Tj ET Q q 0 0 0 rg BT 516.53 476.10 Td (would ) Tj ET Q q 0 0 0 rg BT 543.63 476.10 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 464.10 Td (an ) Tj ET Q q 0 0 0 rg BT 79.44 464.10 Td (approximate ) Tj ET Q q 0 0 0 rg BT 131.92 464.10 Td ($1.00-2.00 ) Tj ET Q q 0 0 0 rg BT 177.75 464.10 Td (million ) Tj ET Q q 0 0 0 rg BT 209.14 464.10 Td (ef) Tj ET Q q 0 0 0 rg BT 216.73 464.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 234.21 464.10 Td (on ) Tj ET Q q 0 0 0 rg BT 246.71 464.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 275.87 464.10 Td (net ) Tj ET Q q 0 0 0 rg BT 290.59 464.10 Td (income ) Tj ET Q q 0 0 0 rg BT 322.52 464.10 Td (before ) Tj ET Q q 0 0 0 rg BT 350.56 464.10 Td (income ) Tj ET Q q 0 0 0 rg BT 382.49 464.10 Td (taxes.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 67.50 446.10 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 107.22 446.10 Td (Risk) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 428.10 Td (The ) Tj ET Q q 0 0 0 rg BT 102.81 428.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 143.45 428.10 Td (manages ) Tj ET Q q 0 0 0 rg BT 180.20 428.10 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 215.85 428.10 Td (by ) Tj ET Q q 0 0 0 rg BT 227.61 428.10 Td (forecasting ) Tj ET Q q 0 0 0 rg BT 273.79 428.10 Td (and ) Tj ET Q q 0 0 0 rg BT 289.99 428.10 Td (monitoring ) Tj ET Q q 0 0 0 rg BT 336.19 428.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 375.71 428.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 395.24 428.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 419.22 428.10 Td (and ) Tj ET Q q 0 0 0 rg BT 435.42 428.10 Td (through ) Tj ET Q q 0 0 0 rg BT 468.29 428.10 Td (the ) Tj ET Q q 0 0 0 rg BT 482.26 428.10 Td (use ) Tj ET Q q 0 0 0 rg BT 497.35 428.10 Td (of ) Tj ET Q q 0 0 0 rg BT 507.44 428.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 538.63 428.10 Td (leases ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 416.10 Td (and ) Tj ET Q q 0 0 0 rg BT 84.88 416.10 Td (revolving ) Tj ET Q q 0 0 0 rg BT 126.15 416.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 151.85 416.10 Td (facilities. ) Tj ET Q q 0 0 0 rg BT 191.07 416.10 Td (As ) Tj ET Q q 0 0 0 rg BT 205.12 416.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.28 416.10 Td (June ) Tj ET Q q 0 0 0 rg BT 236.55 416.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 251.99 416.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.99 416.10 Td ( ) Tj ET Q q 0 0 0 rg BT 274.94 416.10 Td (the ) Tj ET Q q 0 0 0 rg BT 290.09 416.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 331.92 416.10 Td (had ) Tj ET Q q 0 0 0 rg BT 349.30 416.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 370.01 416.10 Td (and ) Tj ET Q q 0 0 0 rg BT 387.39 416.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 408.10 416.10 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 456.58 416.10 Td (on ) Tj ET Q q 0 0 0 rg BT 469.52 416.10 Td (hand ) Tj ET Q q 0 0 0 rg BT 491.90 416.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.17 416.10 Td ($80.45 ) Tj ET Q q 0 0 0 rg BT 533.61 416.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 404.10 Td (\(June ) Tj ET Q q 0 0 0 rg BT 91.66 404.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 106.66 404.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 129.16 404.10 Td (- ) Tj ET Q q 0 0 0 rg BT 134.99 404.10 Td ($42.91 ) Tj ET Q q 0 0 0 rg BT 164.99 404.10 Td (million\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 386.10 Td (Results ) Tj ET Q q 0 0 0 rg BT 117.37 386.10 Td (of ) Tj ET Q q 0 0 0 rg BT 128.12 386.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 172.19 386.10 Td (for ) Tj ET Q q 0 0 0 rg BT 186.27 386.10 Td (any ) Tj ET Q q 0 0 0 rg BT 203.12 386.10 Td (period ) Tj ET Q q 0 0 0 rg BT 231.09 386.10 Td (are ) Tj ET Q q 0 0 0 rg BT 245.72 386.10 Td (dependent ) Tj ET Q q 0 0 0 rg BT 289.23 386.10 Td (on ) Tj ET Q q 0 0 0 rg BT 301.65 386.10 Td (the ) Tj ET Q q 0 0 0 rg BT 316.28 386.10 Td (number ) Tj ET Q q 0 0 0 rg BT 349.25 386.10 Td (and ) Tj ET Q q 0 0 0 rg BT 366.10 386.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 394.64 386.10 Td (of ) Tj ET Q q 0 0 0 rg BT 405.38 386.10 Td (film ) Tj ET Q q 0 0 0 rg BT 424.47 386.10 Td (and ) Tj ET Q q 0 0 0 rg BT 441.32 386.10 Td (television ) Tj ET Q q 0 0 0 rg BT 482.62 386.10 Td (programs ) Tj ET Q q 0 0 0 rg BT 522.81 386.10 Td (delivered, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 374.10 Td (which ) Tj ET Q q 0 0 0 rg BT 93.85 374.10 Td (cannot ) Tj ET Q q 0 0 0 rg BT 122.42 374.10 Td (be ) Tj ET Q q 0 0 0 rg BT 133.77 374.10 Td (predicted ) Tj ET Q q 0 0 0 rg BT 172.88 374.10 Td (with ) Tj ET Q q 0 0 0 rg BT 192.57 374.10 Td (certainty) Tj ET Q q 0 0 0 rg BT 226.90 374.10 Td (. ) Tj ET Q q 0 0 0 rg BT 231.31 374.10 Td (Consequently) Tj ET Q q 0 0 0 rg BT 285.66 374.10 Td (, ) Tj ET Q q 0 0 0 rg BT 290.07 374.10 Td (the ) Tj ET Q q 0 0 0 rg BT 304.20 374.10 Td (Company) Tj ET Q q 0 0 0 rg BT 345.86 374.10 Td (s ) Tj ET Q q 0 0 0 rg BT 351.67 374.10 Td (results ) Tj ET Q q 0 0 0 rg BT 379.69 374.10 Td (from ) Tj ET Q q 0 0 0 rg BT 401.04 374.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 444.60 374.10 Td (may ) Tj ET Q q 0 0 0 rg BT 463.73 374.10 Td (fluctuate ) Tj ET Q q 0 0 0 rg BT 500.63 374.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 543.07 374.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 362.10 Td (period-to-period ) Tj ET Q q 0 0 0 rg BT 135.34 362.10 Td (and ) Tj ET Q q 0 0 0 rg BT 152.08 362.10 Td (the ) Tj ET Q q 0 0 0 rg BT 166.60 362.10 Td (results ) Tj ET Q q 0 0 0 rg BT 195.01 362.10 Td (of ) Tj ET Q q 0 0 0 rg BT 205.64 362.10 Td (any ) Tj ET Q q 0 0 0 rg BT 222.39 362.10 Td (one ) Tj ET Q q 0 0 0 rg BT 239.13 362.10 Td (period ) Tj ET Q q 0 0 0 rg BT 266.98 362.10 Td (are ) Tj ET Q q 0 0 0 rg BT 281.49 362.10 Td (not ) Tj ET Q q 0 0 0 rg BT 296.57 362.10 Td (necessarily ) Tj ET Q q 0 0 0 rg BT 343.30 362.10 Td (indicative ) Tj ET Q q 0 0 0 rg BT 385.03 362.10 Td (of ) Tj ET Q q 0 0 0 rg BT 395.67 362.10 Td (results ) Tj ET Q q 0 0 0 rg BT 424.08 362.10 Td (for ) Tj ET Q q 0 0 0 rg BT 438.04 362.10 Td (future ) Tj ET Q q 0 0 0 rg BT 464.22 362.10 Td (periods. ) Tj ET Q q 0 0 0 rg BT 498.46 362.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 520.77 362.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 545.29 362.10 Td (may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 350.10 Td (also ) Tj ET Q q 0 0 0 rg BT 86.33 350.10 Td (fluctuate ) Tj ET Q q 0 0 0 rg BT 124.04 350.10 Td (and ) Tj ET Q q 0 0 0 rg BT 141.20 350.10 Td (are ) Tj ET Q q 0 0 0 rg BT 156.13 350.10 Td (not ) Tj ET Q q 0 0 0 rg BT 171.63 350.10 Td (necessarily ) Tj ET Q q 0 0 0 rg BT 218.78 350.10 Td (closely ) Tj ET Q q 0 0 0 rg BT 249.83 350.10 Td (correlated ) Tj ET Q q 0 0 0 rg BT 292.52 350.10 Td (with ) Tj ET Q q 0 0 0 rg BT 313.02 350.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 347.39 350.10 Td (recognition. ) Tj ET Q q 0 0 0 rg BT 398.16 350.10 Td (During ) Tj ET Q q 0 0 0 rg BT 429.21 350.10 Td (the ) Tj ET Q q 0 0 0 rg BT 444.15 350.10 Td (initial ) Tj ET Q q 0 0 0 rg BT 470.21 350.10 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 511.25 350.10 Td (of ) Tj ET Q q 0 0 0 rg BT 522.30 350.10 Td (the ) Tj ET Q q 0 0 0 rg BT 537.24 350.10 Td (rights, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 338.10 Td (the ) Tj ET Q q 0 0 0 rg BT 81.58 338.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 122.32 338.10 Td (is ) Tj ET Q q 0 0 0 rg BT 130.85 338.10 Td (somewhat ) Tj ET Q q 0 0 0 rg BT 173.26 338.10 Td (reliant ) Tj ET Q q 0 0 0 rg BT 200.66 338.10 Td (on ) Tj ET Q q 0 0 0 rg BT 212.52 338.10 Td (the ) Tj ET Q q 0 0 0 rg BT 226.60 338.10 Td (broadcaster) Tj ET Q q 0 0 0 rg BT 273.06 338.10 Td () Tj ET Q q 0 0 0 rg BT 275.83 338.10 Td (s ) Tj ET Q q 0 0 0 rg BT 281.59 338.10 Td (budget ) Tj ET Q q 0 0 0 rg BT 310.66 338.10 Td (and ) Tj ET Q q 0 0 0 rg BT 326.96 338.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 366.59 338.10 Td (cycles ) Tj ET Q q 0 0 0 rg BT 393.43 338.10 Td (and ) Tj ET Q q 0 0 0 rg BT 409.73 338.10 Td (at ) Tj ET Q q 0 0 0 rg BT 418.81 338.10 Td (times ) Tj ET Q q 0 0 0 rg BT 442.33 338.10 Td (the ) Tj ET Q q 0 0 0 rg BT 456.41 338.10 Td (license ) Tj ET Q q 0 0 0 rg BT 486.04 338.10 Td (period ) Tj ET Q q 0 0 0 rg BT 513.44 338.10 Td (gets ) Tj ET Q q 0 0 0 rg BT 531.41 338.10 Td (delayed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 326.10 Td (and ) Tj ET Q q 0 0 0 rg BT 84.44 326.10 Td (commences ) Tj ET Q q 0 0 0 rg BT 134.14 326.10 Td (at ) Tj ET Q q 0 0 0 rg BT 143.86 326.10 Td (a ) Tj ET Q q 0 0 0 rg BT 150.80 326.10 Td (later ) Tj ET Q q 0 0 0 rg BT 171.06 326.10 Td (date ) Tj ET Q q 0 0 0 rg BT 190.21 326.10 Td (than ) Tj ET Q q 0 0 0 rg BT 209.93 326.10 Td (originally ) Tj ET Q q 0 0 0 rg BT 251.31 326.10 Td (projected. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 308.10 Td (The ) Tj ET Q q 0 0 0 rg BT 103.90 308.10 Td (Company) Tj ET Q q 0 0 0 rg BT 145.56 308.10 Td (s ) Tj ET Q q 0 0 0 rg BT 152.30 308.10 Td (film ) Tj ET Q q 0 0 0 rg BT 171.81 308.10 Td (and ) Tj ET Q q 0 0 0 rg BT 189.10 308.10 Td (television ) Tj ET Q q 0 0 0 rg BT 230.83 308.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 269.21 308.10 Td (vary ) Tj ET Q q 0 0 0 rg BT 289.83 308.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 342.67 308.10 Td (from ) Tj ET Q q 0 0 0 rg BT 364.96 308.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 396.12 308.10 Td (to ) Tj ET Q q 0 0 0 rg BT 406.75 308.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 437.91 308.10 Td (driven ) Tj ET Q q 0 0 0 rg BT 466.31 308.10 Td (by ) Tj ET Q q 0 0 0 rg BT 479.15 308.10 Td (contracted ) Tj ET Q q 0 0 0 rg BT 523.64 308.10 Td (deliveries ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 296.10 Td (with ) Tj ET Q q 0 0 0 rg BT 88.56 296.10 Td (the ) Tj ET Q q 0 0 0 rg BT 104.06 296.10 Td (primary ) Tj ET Q q 0 0 0 rg BT 139.00 296.10 Td (broadcasters. ) Tj ET Q q 0 0 0 rg BT 194.03 296.10 Td (Although ) Tj ET Q q 0 0 0 rg BT 235.09 296.10 Td (with ) Tj ET Q q 0 0 0 rg BT 256.15 296.10 Td (the ) Tj ET Q q 0 0 0 rg BT 271.65 296.10 Td (Company) Tj ET Q q 0 0 0 rg BT 313.32 296.10 Td (s ) Tj ET Q q 0 0 0 rg BT 320.49 296.10 Td (recent ) Tj ET Q q 0 0 0 rg BT 348.20 296.10 Td (diversification ) Tj ET Q q 0 0 0 rg BT 409.24 296.10 Td (of ) Tj ET Q q 0 0 0 rg BT 420.85 296.10 Td (its ) Tj ET Q q 0 0 0 rg BT 433.58 296.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 468.51 296.10 Td (mix, ) Tj ET Q q 0 0 0 rg BT 489.85 296.10 Td (particularly ) Tj ET Q q 0 0 0 rg BT 539.22 296.10 Td (in ) Tj ET Q q 0 0 0 rg BT 550.29 296.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 284.10 Td (strengthening ) Tj ET Q q 0 0 0 rg BT 125.57 284.10 Td (of ) Tj ET Q q 0 0 0 rg BT 137.54 284.10 Td (the ) Tj ET Q q 0 0 0 rg BT 153.39 284.10 Td (distribution ) Tj ET Q q 0 0 0 rg BT 203.14 284.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 238.43 284.10 Td (stream ) Tj ET Q q 0 0 0 rg BT 268.72 284.10 Td (and ) Tj ET Q q 0 0 0 rg BT 286.80 284.10 Td (addition ) Tj ET Q q 0 0 0 rg BT 323.21 284.10 Td (of ) Tj ET Q q 0 0 0 rg BT 335.18 284.10 Td (the ) Tj ET Q q 0 0 0 rg BT 351.03 284.10 Td (broadcasting ) Tj ET Q q 0 0 0 rg BT 405.76 284.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 441.04 284.10 Td (stream, ) Tj ET Q q 0 0 0 rg BT 473.84 284.10 Td (some ) Tj ET Q q 0 0 0 rg BT 498.58 284.10 Td (of ) Tj ET Q q 0 0 0 rg BT 510.55 284.10 Td (the ) Tj ET Q q 0 0 0 rg BT 526.41 284.10 Td (quarterly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 272.10 Td (unevenness ) Tj ET Q q 0 0 0 rg BT 115.92 272.10 Td (is ) Tj ET Q q 0 0 0 rg BT 124.92 272.10 Td (improving ) Tj ET Q q 0 0 0 rg BT 168.91 272.10 Td (slightly ) Tj ET Q q 0 0 0 rg BT 201.24 272.10 Td (and ) Tj ET Q q 0 0 0 rg BT 218.00 272.10 Td (becoming ) Tj ET Q q 0 0 0 rg BT 259.76 272.10 Td (more ) Tj ET Q q 0 0 0 rg BT 282.63 272.10 Td (predictable. ) Tj ET Q q 0 0 0 rg BT 331.87 272.10 Td (Distribution ) Tj ET Q q 0 0 0 rg BT 382.53 272.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 420.39 272.10 Td (are ) Tj ET Q q 0 0 0 rg BT 434.92 272.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 469.45 272.10 Td (and ) Tj ET Q q 0 0 0 rg BT 486.21 272.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 520.19 272.10 Td (driven ) Tj ET Q q 0 0 0 rg BT 548.06 272.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 260.10 Td (can ) Tj ET Q q 0 0 0 rg BT 83.76 260.10 Td (fluctuate ) Tj ET Q q 0 0 0 rg BT 121.12 260.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 173.49 260.10 Td (from ) Tj ET Q q 0 0 0 rg BT 195.31 260.10 Td (year ) Tj ET Q q 0 0 0 rg BT 214.90 260.10 Td (to ) Tj ET Q q 0 0 0 rg BT 225.06 260.10 Td (year) Tj ET Q q 0 0 0 rg BT 241.72 260.10 Td (. ) Tj ET Q q 0 0 0 rg BT 246.60 260.10 Td ( ) Tj ET Q q 0 0 0 rg BT 248.81 260.10 Td (The ) Tj ET Q q 0 0 0 rg BT 266.74 260.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 308.01 260.10 Td (maintains ) Tj ET Q q 0 0 0 rg BT 349.27 260.10 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 397.18 260.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 417.33 260.10 Td (balances ) Tj ET Q q 0 0 0 rg BT 454.14 260.10 Td (and ) Tj ET Q q 0 0 0 rg BT 470.96 260.10 Td (has ) Tj ET Q q 0 0 0 rg BT 486.67 260.10 Td (access ) Tj ET Q q 0 0 0 rg BT 514.59 260.10 Td (to ) Tj ET Q q 0 0 0 rg BT 524.75 260.10 Td (financing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 248.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 104.43 248.10 Td (to ) Tj ET Q q 0 0 0 rg BT 114.71 248.10 Td (manage ) Tj ET Q q 0 0 0 rg BT 148.30 248.10 Td (fluctuating ) Tj ET Q q 0 0 0 rg BT 194.12 248.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 214.39 248.10 Td (flows.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 239.11 248.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 230.10 Td (The ) Tj ET Q q 0 0 0 rg BT 103.92 230.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 145.67 230.10 Td (obtains ) Tj ET Q q 0 0 0 rg BT 177.43 230.10 Td (interim ) Tj ET Q q 0 0 0 rg BT 209.18 230.10 Td (production ) Tj ET Q q 0 0 0 rg BT 255.38 230.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 296.01 230.10 Td (to ) Tj ET Q q 0 0 0 rg BT 306.66 230.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 340.08 230.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 365.17 230.10 Td (until ) Tj ET Q q 0 0 0 rg BT 386.37 230.10 Td (such ) Tj ET Q q 0 0 0 rg BT 407.57 230.10 Td (time ) Tj ET Q q 0 0 0 rg BT 428.22 230.10 Td (as ) Tj ET Q q 0 0 0 rg BT 439.42 230.10 Td (the ) Tj ET Q q 0 0 0 rg BT 454.50 230.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 485.13 230.10 Td (and ) Tj ET Q q 0 0 0 rg BT 502.44 230.10 Td (provincial ) Tj ET Q q 0 0 0 rg BT 545.85 230.10 Td (film ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 218.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 82.22 218.10 Td (credits ) Tj ET Q q 0 0 0 rg BT 111.37 218.10 Td (are ) Tj ET Q q 0 0 0 rg BT 126.08 218.10 Td (collected. ) Tj ET Q q 0 0 0 rg BT 167.17 218.10 Td ( ) Tj ET Q q 0 0 0 rg BT 169.67 218.10 Td (Upon ) Tj ET Q q 0 0 0 rg BT 194.39 218.10 Td (collection ) Tj ET Q q 0 0 0 rg BT 236.32 218.10 Td (of ) Tj ET Q q 0 0 0 rg BT 247.15 218.10 Td (the ) Tj ET Q q 0 0 0 rg BT 261.87 218.10 Td (film ) Tj ET Q q 0 0 0 rg BT 281.03 218.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 295.75 218.10 Td (credits, ) Tj ET Q q 0 0 0 rg BT 327.40 218.10 Td (the ) Tj ET Q q 0 0 0 rg BT 342.12 218.10 Td (related ) Tj ET Q q 0 0 0 rg BT 371.82 218.10 Td (interim ) Tj ET Q q 0 0 0 rg BT 403.20 218.10 Td (production ) Tj ET Q q 0 0 0 rg BT 449.03 218.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 489.29 218.10 Td (is ) Tj ET Q q 0 0 0 rg BT 498.46 218.10 Td (repaid.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 67.50 200.10 Td (Currency ) Tj ET Q q 0 0 0 rg BT 108.89 200.10 Td (Risk) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 182.10 Td (The ) Tj ET Q q 0 0 0 rg BT 105.27 182.10 Td (Company) Tj ET Q q 0 0 0 rg BT 146.94 182.10 Td (s ) Tj ET Q q 0 0 0 rg BT 155.05 182.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 195.37 182.10 Td (involve ) Tj ET Q q 0 0 0 rg BT 229.59 182.10 Td (holding ) Tj ET Q q 0 0 0 rg BT 264.37 182.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 297.47 182.10 Td (currencies ) Tj ET Q q 0 0 0 rg BT 342.78 182.10 Td (and ) Tj ET Q q 0 0 0 rg BT 361.44 182.10 Td (incurring ) Tj ET Q q 0 0 0 rg BT 402.32 182.10 Td (production ) Tj ET Q q 0 0 0 rg BT 449.87 182.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 474.09 182.10 Td (and ) Tj ET Q q 0 0 0 rg BT 492.76 182.10 Td (earning ) Tj ET Q q 0 0 0 rg BT 526.96 182.10 Td (revenues ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 170.10 Td (denominated ) Tj ET Q q 0 0 0 rg BT 121.15 170.10 Td (in ) Tj ET Q q 0 0 0 rg BT 130.93 170.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 161.81 170.10 Td (currencies. ) Tj ET Q q 0 0 0 rg BT 207.40 170.10 Td ( ) Tj ET Q q 0 0 0 rg BT 209.25 170.10 Td (These ) Tj ET Q q 0 0 0 rg BT 235.13 170.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 273.23 170.10 Td (result ) Tj ET Q q 0 0 0 rg BT 297.45 170.10 Td (in ) Tj ET Q q 0 0 0 rg BT 307.23 170.10 Td (exposure ) Tj ET Q q 0 0 0 rg BT 345.33 170.10 Td (to ) Tj ET Q q 0 0 0 rg BT 355.11 170.10 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 404.33 170.10 Td (in ) Tj ET Q q 0 0 0 rg BT 414.11 170.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 444.99 170.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 481.96 170.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 521.72 170.10 Td (rates. ) Tj ET Q q 0 0 0 rg BT 545.10 170.10 Td ( ) Tj ET Q q 0 0 0 rg BT 546.96 170.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 158.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 109.21 158.10 Td (periodically ) Tj ET Q q 0 0 0 rg BT 159.80 158.10 Td (enters ) Tj ET Q q 0 0 0 rg BT 186.50 158.10 Td (into ) Tj ET Q q 0 0 0 rg BT 204.89 158.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 236.59 158.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 277.17 158.10 Td (purchases ) Tj ET Q q 0 0 0 rg BT 319.43 158.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 358.35 158.10 Td (to ) Tj ET Q q 0 0 0 rg BT 368.96 158.10 Td (manage ) Tj ET Q q 0 0 0 rg BT 402.88 158.10 Td (its ) Tj ET Q q 0 0 0 rg BT 415.15 158.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 446.86 158.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 487.44 158.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 505.26 158.10 Td (on ) Tj ET Q q 0 0 0 rg BT 518.09 158.10 Td (USD, ) Tj ET Q q 0 0 0 rg BT 543.42 158.10 Td (GBP) Tj ET Q q 0 0 0 rg BT 562.50 158.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 146.10 Td (and ) Tj ET Q q 0 0 0 rg BT 84.09 146.10 Td (Euro ) Tj ET Q q 0 0 0 rg BT 105.67 146.10 Td (denominated ) Tj ET Q q 0 0 0 rg BT 159.47 146.10 Td (contracts. ) Tj ET Q q 0 0 0 rg BT 200.21 146.10 Td ( ) Tj ET Q q 0 0 0 rg BT 201.89 146.10 Td (At ) Tj ET Q q 0 0 0 rg BT 214.04 146.10 Td (June ) Tj ET Q q 0 0 0 rg BT 234.52 146.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 249.16 146.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 273.81 146.10 Td (the ) Tj ET Q q 0 0 0 rg BT 288.18 146.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 329.21 146.10 Td (revalued ) Tj ET Q q 0 0 0 rg BT 365.79 146.10 Td (its ) Tj ET Q q 0 0 0 rg BT 377.38 146.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 414.51 146.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 463.32 146.10 Td (denominated ) Tj ET Q q 0 0 0 rg BT 517.12 146.10 Td (in ) Tj ET Q q 0 0 0 rg BT 527.05 146.10 Td (a ) Tj ET Q q 0 0 0 rg BT 533.64 146.10 Td (foreign ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 134.10 Td (currencies ) Tj ET Q q 0 0 0 rg BT 111.29 134.10 Td (at ) Tj ET Q q 0 0 0 rg BT 121.22 134.10 Td (the ) Tj ET Q q 0 0 0 rg BT 136.15 134.10 Td (prevailing ) Tj ET Q q 0 0 0 rg BT 179.40 134.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 219.86 134.10 Td (rates. ) Tj ET Q q 0 0 0 rg BT 243.75 134.10 Td (While ) Tj ET Q q 0 0 0 rg BT 270.90 134.10 Td (inherently ) Tj ET Q q 0 0 0 rg BT 314.15 134.10 Td (dif) Tj ET Q q 0 0 0 rg BT 325.08 134.10 Td (ficult ) Tj ET Q q 0 0 0 rg BT 348.89 134.10 Td (to ) Tj ET Q q 0 0 0 rg BT 359.38 134.10 Td (estimate, ) Tj ET Q q 0 0 0 rg BT 397.91 134.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 452.82 134.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 492.74 134.10 Td (1% ) Tj ET Q q 0 0 0 rg BT 508.78 134.10 Td (change ) Tj ET Q q 0 0 0 rg BT 539.81 134.10 Td (in ) Tj ET Q q 0 0 0 rg BT 550.30 134.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 122.10 Td (USD, ) Tj ET Q q 0 0 0 rg BT 93.43 122.10 Td (GBP) Tj ET Q q 0 0 0 rg BT 112.51 122.10 Td ( ) Tj ET Q q 0 0 0 rg BT 115.93 122.10 Td (or ) Tj ET Q q 0 0 0 rg BT 127.69 122.10 Td (Euro ) Tj ET Q q 0 0 0 rg BT 150.55 122.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 191.72 122.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 210.13 122.10 Td (would ) Tj ET Q q 0 0 0 rg BT 238.55 122.10 Td (have ) Tj ET Q q 0 0 0 rg BT 260.85 122.10 Td (an ) Tj ET Q q 0 0 0 rg BT 273.72 122.10 Td (approximate ) Tj ET Q q 0 0 0 rg BT 327.12 122.10 Td ($0.5-1.0 ) Tj ET Q q 0 0 0 rg BT 363.87 122.10 Td (million ) Tj ET Q q 0 0 0 rg BT 396.19 122.10 Td (ef) Tj ET Q q 0 0 0 rg BT 403.77 122.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 422.18 122.10 Td (on ) Tj ET Q q 0 0 0 rg BT 435.61 122.10 Td (net ) Tj ET Q q 0 0 0 rg BT 451.25 122.10 Td (income ) Tj ET Q q 0 0 0 rg BT 484.10 122.10 Td (and ) Tj ET Q q 0 0 0 rg BT 501.96 122.10 Td (comprehensive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 110.10 Td (income.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 67.50 89.80 Td (Risk ) Tj ET Q q 0 0 0 rg BT 91.04 89.80 Td (Assessment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 71.80 Td (The ) Tj ET Q q 0 0 0 rg BT 103.11 71.80 Td (following ) Tj ET Q q 0 0 0 rg BT 144.05 71.80 Td (are ) Tj ET Q q 0 0 0 rg BT 158.32 71.80 Td (the ) Tj ET Q q 0 0 0 rg BT 172.60 71.80 Td (specific ) Tj ET Q q 0 0 0 rg BT 205.75 71.80 Td (and ) Tj ET Q q 0 0 0 rg BT 222.25 71.80 Td (general ) Tj ET Q q 0 0 0 rg BT 253.74 71.80 Td (risks ) Tj ET Q q 0 0 0 rg BT 274.69 71.80 Td (that ) Tj ET Q q 0 0 0 rg BT 291.75 71.80 Td (could ) Tj ET Q q 0 0 0 rg BT 316.02 71.80 Td (af) Tj ET Q q 0 0 0 rg BT 323.61 71.80 Td (fect ) Tj ET Q q 0 0 0 rg BT 340.66 71.80 Td (the ) Tj ET Q q 0 0 0 rg BT 354.93 71.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 395.88 71.80 Td (that ) Tj ET Q q 0 0 0 rg BT 412.94 71.80 Td (each ) Tj ET Q q 0 0 0 rg BT 433.31 71.80 Td (reader ) Tj ET Q q 0 0 0 rg BT 460.35 71.80 Td (should ) Tj ET Q q 0 0 0 rg BT 489.08 71.80 Td (carefully ) Tj ET Q q 0 0 0 rg BT 526.67 71.80 Td (consider) Tj ET Q q 0 0 0 rg BT 560.00 71.80 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 59.80 Td (Additional ) Tj ET Q q 0 0 0 rg BT 112.29 59.80 Td (risks ) Tj ET Q q 0 0 0 rg BT 133.19 59.80 Td (and ) Tj ET Q q 0 0 0 rg BT 149.64 59.80 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 202.74 59.80 Td (not ) Tj ET Q q 0 0 0 rg BT 217.53 59.80 Td (presently ) Tj ET Q q 0 0 0 rg BT 256.20 59.80 Td (known ) Tj ET Q q 0 0 0 rg BT 285.43 59.80 Td (to ) Tj ET Q q 0 0 0 rg BT 295.22 59.80 Td (the ) Tj ET Q q 0 0 0 rg BT 309.45 59.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 350.35 59.80 Td (or ) Tj ET Q q 0 0 0 rg BT 360.69 59.80 Td (that ) Tj ET Q q 0 0 0 rg BT 377.70 59.80 Td (the ) Tj ET Q q 0 0 0 rg BT 391.92 59.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 432.82 59.80 Td (does ) Tj ET Q q 0 0 0 rg BT 453.16 59.80 Td (not ) Tj ET Q q 0 0 0 rg BT 467.95 59.80 Td (currently ) Tj ET Q q 0 0 0 rg BT 506.06 59.80 Td (anticipate ) Tj ET Q q 0 0 0 rg BT 546.94 59.80 Td (will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 47.80 Td (be ) Tj ET Q q 0 0 0 rg BT 79.52 47.80 Td (material, ) Tj ET Q q 0 0 0 rg BT 117.37 47.80 Td (may ) Tj ET Q q 0 0 0 rg BT 137.17 47.80 Td (impair ) Tj ET Q q 0 0 0 rg BT 165.86 47.80 Td (the ) Tj ET Q q 0 0 0 rg BT 180.66 47.80 Td (Company) Tj ET Q q 0 0 0 rg BT 222.32 47.80 Td (s ) Tj ET Q q 0 0 0 rg BT 228.80 47.80 Td (business ) Tj ET Q q 0 0 0 rg BT 265.27 47.80 Td (operations ) Tj ET Q q 0 0 0 rg BT 309.51 47.80 Td (and ) Tj ET Q q 0 0 0 rg BT 326.54 47.80 Td (its ) Tj ET Q q 0 0 0 rg BT 338.57 47.80 Td (operating ) Tj ET Q q 0 0 0 rg BT 378.92 47.80 Td (results ) Tj ET Q q 0 0 0 rg BT 407.61 47.80 Td (and ) Tj ET Q q 0 0 0 rg BT 424.63 47.80 Td (as ) Tj ET Q q 0 0 0 rg BT 435.55 47.80 Td (a ) Tj ET Q q 0 0 0 rg BT 442.57 47.80 Td (result ) Tj ET Q q 0 0 0 rg BT 467.37 47.80 Td (could ) Tj ET Q q 0 0 0 rg BT 492.17 47.80 Td (materially ) Tj ET Q q 0 0 0 rg BT 535.29 47.80 Td (impact ) Tj ET Q endstream endobj 53 0 obj <> endobj 54 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6 0.6 0.6 rg BT 301.00 31.60 Td (26) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 67.50 742.10 Td (its ) Tj ET Q q 0 0 0 rg BT 78.68 742.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 116.80 742.10 Td (results ) Tj ET Q q 0 0 0 rg BT 144.63 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 154.69 742.10 Td (operations, ) Tj ET Q q 0 0 0 rg BT 200.58 742.10 Td (prospects ) Tj ET Q q 0 0 0 rg BT 240.07 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 256.24 742.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 292.95 742.10 Td (condition. ) Tj ET Q q 0 0 0 rg BT 334.95 742.10 Td (Certain ) Tj ET Q q 0 0 0 rg BT 366.11 742.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 407.83 742.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 428.45 742.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 471.27 742.10 Td (with ) Tj ET Q q 0 0 0 rg BT 490.78 742.10 Td (DHX) Tj ET Q q 0 0 0 rg BT 515.22 742.10 Td (s ) Tj ET Q q 0 0 0 rg BT 520.84 742.10 Td (ownership ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 77.95 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 92.29 730.10 Td (DHX ) Tj ET Q q 0 0 0 rg BT 115.93 730.10 Td (T) Tj ET Q q 0 0 0 rg BT 121.34 730.10 Td (elevision ) Tj ET Q q 0 0 0 rg BT 159.56 730.10 Td (business) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 193.46 730.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.58 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 205.48 730.10 Td (addition ) Tj ET Q q 0 0 0 rg BT 240.38 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 250.28 730.10 Td (those ) Tj ET Q q 0 0 0 rg BT 273.51 730.10 Td (specifically ) Tj ET Q q 0 0 0 rg BT 321.72 730.10 Td (described ) Tj ET Q q 0 0 0 rg BT 362.16 730.10 Td (below ) Tj ET Q q 0 0 0 rg BT 388.72 730.10 Td (may ) Tj ET Q q 0 0 0 rg BT 408.06 730.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 444.62 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 454.52 730.10 Td (be ) Tj ET Q q 0 0 0 rg BT 466.08 730.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 509.29 730.10 Td (following ) Tj ET Q q 0 0 0 rg BT 550.30 730.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 718.10 Td (completion ) Tj ET Q q 0 0 0 rg BT 116.30 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 128.45 718.10 Td (such ) Tj ET Q q 0 0 0 rg BT 150.59 718.10 Td (acquisition. ) Tj ET Q q 0 0 0 rg BT 199.94 718.10 Td (Additional ) Tj ET Q q 0 0 0 rg BT 246.53 718.10 Td (risks, ) Tj ET Q q 0 0 0 rg BT 271.73 718.10 Td (including ) Tj ET Q q 0 0 0 rg BT 313.32 718.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 344.33 718.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 367.04 718.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 411.94 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 423.53 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 439.56 718.10 Td (DHX ) Tj ET Q q 0 0 0 rg BT 464.76 718.10 Td (T) Tj ET Q q 0 0 0 rg BT 470.17 718.10 Td (elevision ) Tj ET Q q 0 0 0 rg BT 510.09 718.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 550.30 718.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 706.10 Td (disclosed ) Tj ET Q q 0 0 0 rg BT 107.36 706.10 Td (in ) Tj ET Q q 0 0 0 rg BT 117.79 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 132.66 706.10 Td ("Risk ) Tj ET Q q 0 0 0 rg BT 157.73 706.10 Td (Factors" ) Tj ET Q q 0 0 0 rg BT 193.89 706.10 Td (section ) Tj ET Q q 0 0 0 rg BT 224.87 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 235.85 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 250.71 706.10 Td (most ) Tj ET Q q 0 0 0 rg BT 272.81 706.10 Td (recent ) Tj ET Q q 0 0 0 rg BT 299.88 706.10 Td ("Annual ) Tj ET Q q 0 0 0 rg BT 336.05 706.10 Td (Information ) Tj ET Q q 0 0 0 rg BT 386.46 706.10 Td (Form", ) Tj ET Q q 0 0 0 rg BT 417.36 706.10 Td (which, ) Tj ET Q q 0 0 0 rg BT 446.94 706.10 Td (together ) Tj ET Q q 0 0 0 rg BT 482.36 706.10 Td (with ) Tj ET Q q 0 0 0 rg BT 502.78 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 517.65 706.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 535.29 706.10 Td (factors ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 694.10 Td (described ) Tj ET Q q 0 0 0 rg BT 108.03 694.10 Td (below) Tj ET Q q 0 0 0 rg BT 131.82 694.10 Td (, ) Tj ET Q q 0 0 0 rg BT 136.54 694.10 Td (do ) Tj ET Q q 0 0 0 rg BT 148.75 694.10 Td (not ) Tj ET Q q 0 0 0 rg BT 163.75 694.10 Td (constitute ) Tj ET Q q 0 0 0 rg BT 204.85 694.10 Td (an ) Tj ET Q q 0 0 0 rg BT 216.50 694.10 Td (exhaustive ) Tj ET Q q 0 0 0 rg BT 261.48 694.10 Td (list.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 276.21 694.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.43 694.10 Td (Unless ) Tj ET Q q 0 0 0 rg BT 307.87 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 322.30 694.10 Td (context ) Tj ET Q q 0 0 0 rg BT 353.95 694.10 Td (suggests ) Tj ET Q q 0 0 0 rg BT 390.06 694.10 Td (otherwise, ) Tj ET Q q 0 0 0 rg BT 433.65 694.10 Td (for ) Tj ET Q q 0 0 0 rg BT 447.53 694.10 Td (purposes ) Tj ET Q q 0 0 0 rg BT 485.30 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 495.84 694.10 Td (this ) Tj ET Q q 0 0 0 rg BT 512.51 694.10 Td (Risk ) Tj ET Q q 0 0 0 rg BT 533.07 694.10 Td (Factors ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 682.10 Td (section ) Tj ET Q q 0 0 0 rg BT 98.33 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 113.04 682.10 Td (term ) Tj ET Q q 0 0 0 rg BT 133.87 682.10 Td ("DHX" ) Tj ET Q q 0 0 0 rg BT 166.20 682.10 Td (or ) Tj ET Q q 0 0 0 rg BT 177.03 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 191.74 682.10 Td ("Company" ) Tj ET Q q 0 0 0 rg BT 241.29 682.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 277.12 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 291.84 682.10 Td (DHX ) Tj ET Q q 0 0 0 rg BT 315.82 682.10 Td (T) Tj ET Q q 0 0 0 rg BT 321.23 682.10 Td (elevision ) Tj ET Q q 0 0 0 rg BT 359.83 682.10 Td (business.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 664.10 Td (Risks ) Tj ET Q q 0 0 0 rg BT 92.79 664.10 Td (Applicable to DHX Generally) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 67.50 646.10 Td (Risks Related to Doing Business Internationally) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 628.10 Td (The ) Tj ET Q q 0 0 0 rg BT 104.33 628.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 146.50 628.10 Td (distributes ) Tj ET Q q 0 0 0 rg BT 191.45 628.10 Td (films ) Tj ET Q q 0 0 0 rg BT 215.29 628.10 Td (and ) Tj ET Q q 0 0 0 rg BT 233.01 628.10 Td (television ) Tj ET Q q 0 0 0 rg BT 275.18 628.10 Td (productions ) Tj ET Q q 0 0 0 rg BT 325.68 628.10 Td (and ) Tj ET Q q 0 0 0 rg BT 343.40 628.10 Td (conducts ) Tj ET Q q 0 0 0 rg BT 382.23 628.10 Td (other ) Tj ET Q q 0 0 0 rg BT 406.06 628.10 Td (business ) Tj ET Q q 0 0 0 rg BT 443.24 628.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 482.62 628.10 Td (outside ) Tj ET Q q 0 0 0 rg BT 514.79 628.10 Td (Canada ) Tj ET Q q 0 0 0 rg BT 548.06 628.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 616.10 Td (derives ) Tj ET Q q 0 0 0 rg BT 98.98 616.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 137.11 616.10 Td (from ) Tj ET Q q 0 0 0 rg BT 159.15 616.10 Td (these ) Tj ET Q q 0 0 0 rg BT 182.30 616.10 Td (sources. ) Tj ET Q q 0 0 0 rg BT 216.82 616.10 Td (As ) Tj ET Q q 0 0 0 rg BT 230.53 616.10 Td (a ) Tj ET Q q 0 0 0 rg BT 237.57 616.10 Td (result, ) Tj ET Q q 0 0 0 rg BT 264.89 616.10 Td (the ) Tj ET Q q 0 0 0 rg BT 279.70 616.10 Td (Company) Tj ET Q q 0 0 0 rg BT 321.37 616.10 Td (s ) Tj ET Q q 0 0 0 rg BT 327.86 616.10 Td (business ) Tj ET Q q 0 0 0 rg BT 364.35 616.10 Td (is ) Tj ET Q q 0 0 0 rg BT 373.62 616.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 404.55 616.10 Td (to ) Tj ET Q q 0 0 0 rg BT 414.92 616.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 444.73 616.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 466.22 616.10 Td (inherent ) Tj ET Q q 0 0 0 rg BT 501.58 616.10 Td (in ) Tj ET Q q 0 0 0 rg BT 511.96 616.10 Td (international ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 604.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 107.27 604.10 Td (many ) Tj ET Q q 0 0 0 rg BT 132.86 604.10 Td (of ) Tj ET Q q 0 0 0 rg BT 144.56 604.10 Td (which ) Tj ET Q q 0 0 0 rg BT 172.37 604.10 Td (are ) Tj ET Q q 0 0 0 rg BT 187.95 604.10 Td (beyond ) Tj ET Q q 0 0 0 rg BT 220.77 604.10 Td (its ) Tj ET Q q 0 0 0 rg BT 233.59 604.10 Td (control. ) Tj ET Q q 0 0 0 rg BT 267.54 604.10 Td (These ) Tj ET Q q 0 0 0 rg BT 294.80 604.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 317.06 604.10 Td (include: ) Tj ET Q q 0 0 0 rg BT 352.65 604.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 388.23 604.10 Td (in ) Tj ET Q q 0 0 0 rg BT 399.38 604.10 Td (local ) Tj ET Q q 0 0 0 rg BT 422.19 604.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 466.66 604.10 Td (requirements, ) Tj ET Q q 0 0 0 rg BT 524.73 604.10 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 592.10 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 114.91 592.10 Td (on ) Tj ET Q q 0 0 0 rg BT 127.89 592.10 Td (content; ) Tj ET Q q 0 0 0 rg BT 163.08 592.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 198.26 592.10 Td (in ) Tj ET Q q 0 0 0 rg BT 209.02 592.10 Td (the ) Tj ET Q q 0 0 0 rg BT 224.21 592.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 245.52 592.10 Td (and ) Tj ET Q q 0 0 0 rg BT 262.94 592.10 Td (policies ) Tj ET Q q 0 0 0 rg BT 297.02 592.10 Td (af) Tj ET Q q 0 0 0 rg BT 304.61 592.10 Td (fecting ) Tj ET Q q 0 0 0 rg BT 335.35 592.10 Td (trade, ) Tj ET Q q 0 0 0 rg BT 360.81 592.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 407.67 592.10 Td (and ) Tj ET Q q 0 0 0 rg BT 425.08 592.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 448.61 592.10 Td (\(including ) Tj ET Q q 0 0 0 rg BT 492.69 592.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 514.00 592.10 Td (and ) Tj ET Q q 0 0 0 rg BT 531.41 592.10 Td (policies ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 580.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 99.43 580.10 Td (to ) Tj ET Q q 0 0 0 rg BT 108.60 580.10 Td (the ) Tj ET Q q 0 0 0 rg BT 122.21 580.10 Td (repatriation ) Tj ET Q q 0 0 0 rg BT 169.69 580.10 Td (of ) Tj ET Q q 0 0 0 rg BT 179.41 580.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 203.03 580.10 Td (and ) Tj ET Q q 0 0 0 rg BT 218.86 580.10 Td (to ) Tj ET Q q 0 0 0 rg BT 228.03 580.10 Td (withholding ) Tj ET Q q 0 0 0 rg BT 277.75 580.10 Td (taxes\); ) Tj ET Q q 0 0 0 rg BT 305.80 580.10 Td (dif) Tj ET Q q 0 0 0 rg BT 316.73 580.10 Td (fering ) Tj ET Q q 0 0 0 rg BT 342.00 580.10 Td (degrees ) Tj ET Q q 0 0 0 rg BT 373.93 580.10 Td (of ) Tj ET Q q 0 0 0 rg BT 383.65 580.10 Td (protection ) Tj ET Q q 0 0 0 rg BT 425.58 580.10 Td (for ) Tj ET Q q 0 0 0 rg BT 438.63 580.10 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 484.45 580.10 Td (property; ) Tj ET Q q 0 0 0 rg BT 522.50 580.10 Td (instability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 568.10 Td (of ) Tj ET Q q 0 0 0 rg BT 78.76 568.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 110.56 568.10 Td (economies ) Tj ET Q q 0 0 0 rg BT 156.25 568.10 Td (and ) Tj ET Q q 0 0 0 rg BT 173.61 568.10 Td (governments; ) Tj ET Q q 0 0 0 rg BT 230.97 568.10 Td (cultural ) Tj ET Q q 0 0 0 rg BT 264.44 568.10 Td (barriers; ) Tj ET Q q 0 0 0 rg BT 300.68 568.10 Td (wars ) Tj ET Q q 0 0 0 rg BT 322.49 568.10 Td (and ) Tj ET Q q 0 0 0 rg BT 339.86 568.10 Td (acts ) Tj ET Q q 0 0 0 rg BT 358.33 568.10 Td (of ) Tj ET Q q 0 0 0 rg BT 369.59 568.10 Td (terrorism; ) Tj ET Q q 0 0 0 rg BT 411.95 568.10 Td (and ) Tj ET Q q 0 0 0 rg BT 429.31 568.10 Td (the ) Tj ET Q q 0 0 0 rg BT 444.45 568.10 Td (spread ) Tj ET Q q 0 0 0 rg BT 473.48 568.10 Td (of ) Tj ET Q q 0 0 0 rg BT 484.74 568.10 Td (viruses, ) Tj ET Q q 0 0 0 rg BT 518.49 568.10 Td (diseases ) Tj ET Q q 0 0 0 rg BT 554.19 568.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 556.10 Td (other ) Tj ET Q q 0 0 0 rg BT 90.55 556.10 Td (widespread ) Tj ET Q q 0 0 0 rg BT 138.58 556.10 Td (health ) Tj ET Q q 0 0 0 rg BT 165.52 556.10 Td (hazards.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 538.10 Td (Any ) Tj ET Q q 0 0 0 rg BT 105.43 538.10 Td (of ) Tj ET Q q 0 0 0 rg BT 116.47 538.10 Td (these ) Tj ET Q q 0 0 0 rg BT 139.72 538.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 169.64 538.10 Td (could ) Tj ET Q q 0 0 0 rg BT 194.56 538.10 Td (have ) Tj ET Q q 0 0 0 rg BT 216.14 538.10 Td (a ) Tj ET Q q 0 0 0 rg BT 223.29 538.10 Td (material ) Tj ET Q q 0 0 0 rg BT 258.76 538.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 292.00 538.10 Td (ef) Tj ET Q q 0 0 0 rg BT 299.59 538.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 317.28 538.10 Td (on ) Tj ET Q q 0 0 0 rg BT 329.99 538.10 Td (the ) Tj ET Q q 0 0 0 rg BT 344.91 538.10 Td (Company) Tj ET Q q 0 0 0 rg BT 386.58 538.10 Td (s ) Tj ET Q q 0 0 0 rg BT 393.18 538.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 432.28 538.10 Td (results ) Tj ET Q q 0 0 0 rg BT 461.09 538.10 Td (of ) Tj ET Q q 0 0 0 rg BT 472.13 538.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 516.49 538.10 Td (or ) Tj ET Q q 0 0 0 rg BT 527.53 538.10 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 526.10 Td (condition.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 67.50 508.10 Td (Fluctuating Results of Operations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 490.10 Td (Results ) Tj ET Q q 0 0 0 rg BT 117.06 490.10 Td (of ) Tj ET Q q 0 0 0 rg BT 127.51 490.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 171.28 490.10 Td (with ) Tj ET Q q 0 0 0 rg BT 191.18 490.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 221.61 490.10 Td (to ) Tj ET Q q 0 0 0 rg BT 231.51 490.10 Td (DHX) Tj ET Q q 0 0 0 rg BT 255.95 490.10 Td (s ) Tj ET Q q 0 0 0 rg BT 261.96 490.10 Td (production ) Tj ET Q q 0 0 0 rg BT 307.40 490.10 Td (and ) Tj ET Q q 0 0 0 rg BT 323.95 490.10 Td (distribution ) Tj ET Q q 0 0 0 rg BT 372.18 490.10 Td (of ) Tj ET Q q 0 0 0 rg BT 382.63 490.10 Td (film ) Tj ET Q q 0 0 0 rg BT 401.41 490.10 Td (and ) Tj ET Q q 0 0 0 rg BT 417.97 490.10 Td (television ) Tj ET Q q 0 0 0 rg BT 458.97 490.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 502.74 490.10 Td (for ) Tj ET Q q 0 0 0 rg BT 516.52 490.10 Td (any ) Tj ET Q q 0 0 0 rg BT 533.07 490.10 Td (periods ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 478.10 Td (are ) Tj ET Q q 0 0 0 rg BT 81.81 478.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 133.91 478.10 Td (dependent ) Tj ET Q q 0 0 0 rg BT 177.11 478.10 Td (on ) Tj ET Q q 0 0 0 rg BT 189.22 478.10 Td (the ) Tj ET Q q 0 0 0 rg BT 203.54 478.10 Td (number ) Tj ET Q q 0 0 0 rg BT 236.20 478.10 Td (and ) Tj ET Q q 0 0 0 rg BT 252.74 478.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 280.96 478.10 Td (of ) Tj ET Q q 0 0 0 rg BT 291.40 478.10 Td (television ) Tj ET Q q 0 0 0 rg BT 332.39 478.10 Td (programs ) Tj ET Q q 0 0 0 rg BT 372.26 478.10 Td (and ) Tj ET Q q 0 0 0 rg BT 388.81 478.10 Td (films ) Tj ET Q q 0 0 0 rg BT 411.47 478.10 Td (delivered ) Tj ET Q q 0 0 0 rg BT 450.78 478.10 Td (or ) Tj ET Q q 0 0 0 rg BT 461.22 478.10 Td (made ) Tj ET Q q 0 0 0 rg BT 484.98 478.10 Td (available ) Tj ET Q q 0 0 0 rg BT 523.18 478.10 Td (to ) Tj ET Q q 0 0 0 rg BT 533.06 478.10 Td (various ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 466.10 Td (media. ) Tj ET Q q 0 0 0 rg BT 97.09 466.10 Td (Consequently) Tj ET Q q 0 0 0 rg BT 151.44 466.10 Td (, ) Tj ET Q q 0 0 0 rg BT 156.60 466.10 Td (the ) Tj ET Q q 0 0 0 rg BT 171.48 466.10 Td (Company) Tj ET Q q 0 0 0 rg BT 213.14 466.10 Td (s ) Tj ET Q q 0 0 0 rg BT 219.69 466.10 Td (results ) Tj ET Q q 0 0 0 rg BT 248.46 466.10 Td (of ) Tj ET Q q 0 0 0 rg BT 259.45 466.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 303.77 466.10 Td (may ) Tj ET Q q 0 0 0 rg BT 323.64 466.10 Td (fluctuate ) Tj ET Q q 0 0 0 rg BT 361.29 466.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 404.48 466.10 Td (from ) Tj ET Q q 0 0 0 rg BT 426.58 466.10 Td (period ) Tj ET Q q 0 0 0 rg BT 454.79 466.10 Td (to ) Tj ET Q q 0 0 0 rg BT 465.23 466.10 Td (period ) Tj ET Q q 0 0 0 rg BT 493.43 466.10 Td (and ) Tj ET Q q 0 0 0 rg BT 510.53 466.10 Td (the ) Tj ET Q q 0 0 0 rg BT 525.41 466.10 Td (results ) Tj ET Q q 0 0 0 rg BT 554.18 466.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 454.10 Td (any ) Tj ET Q q 0 0 0 rg BT 83.71 454.10 Td (one ) Tj ET Q q 0 0 0 rg BT 99.92 454.10 Td (period ) Tj ET Q q 0 0 0 rg BT 127.24 454.10 Td (are ) Tj ET Q q 0 0 0 rg BT 141.22 454.10 Td (not ) Tj ET Q q 0 0 0 rg BT 155.77 454.10 Td (necessarily ) Tj ET Q q 0 0 0 rg BT 201.97 454.10 Td (indicative ) Tj ET Q q 0 0 0 rg BT 243.17 454.10 Td (of ) Tj ET Q q 0 0 0 rg BT 253.27 454.10 Td (results ) Tj ET Q q 0 0 0 rg BT 281.15 454.10 Td (for ) Tj ET Q q 0 0 0 rg BT 294.58 454.10 Td (future ) Tj ET Q q 0 0 0 rg BT 320.23 454.10 Td (periods. ) Tj ET Q q 0 0 0 rg BT 353.95 454.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 375.72 454.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 399.71 454.10 Td (may ) Tj ET Q q 0 0 0 rg BT 418.70 454.10 Td (also ) Tj ET Q q 0 0 0 rg BT 436.58 454.10 Td (fluctuate ) Tj ET Q q 0 0 0 rg BT 473.33 454.10 Td (and ) Tj ET Q q 0 0 0 rg BT 489.55 454.10 Td (are ) Tj ET Q q 0 0 0 rg BT 503.53 454.10 Td (not ) Tj ET Q q 0 0 0 rg BT 518.08 454.10 Td (necessarily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 442.10 Td (closely ) Tj ET Q q 0 0 0 rg BT 98.05 442.10 Td (correlated ) Tj ET Q q 0 0 0 rg BT 140.25 442.10 Td (with ) Tj ET Q q 0 0 0 rg BT 160.26 442.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 194.14 442.10 Td (recognition. ) Tj ET Q q 0 0 0 rg BT 243.91 442.10 Td (Although ) Tj ET Q q 0 0 0 rg BT 283.92 442.10 Td (traditions ) Tj ET Q q 0 0 0 rg BT 323.92 442.10 Td (are ) Tj ET Q q 0 0 0 rg BT 338.36 442.10 Td (changing, ) Tj ET Q q 0 0 0 rg BT 379.74 442.10 Td (due ) Tj ET Q q 0 0 0 rg BT 396.41 442.10 Td (in ) Tj ET Q q 0 0 0 rg BT 406.42 442.10 Td (part ) Tj ET Q q 0 0 0 rg BT 424.20 442.10 Td (to ) Tj ET Q q 0 0 0 rg BT 434.20 442.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 474.19 442.10 Td (competition ) Tj ET Q q 0 0 0 rg BT 524.18 442.10 Td (from ) Tj ET Q q 0 0 0 rg BT 545.85 442.10 Td (new ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 430.10 Td (channels ) Tj ET Q q 0 0 0 rg BT 104.51 430.10 Td (of ) Tj ET Q q 0 0 0 rg BT 114.87 430.10 Td (distribution, ) Tj ET Q q 0 0 0 rg BT 165.51 430.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 200.32 430.10 Td (practice ) Tj ET Q q 0 0 0 rg BT 233.99 430.10 Td (is ) Tj ET Q q 0 0 0 rg BT 242.68 430.10 Td (that ) Tj ET Q q 0 0 0 rg BT 259.71 430.10 Td (broadcasters ) Tj ET Q q 0 0 0 rg BT 311.71 430.10 Td (make ) Tj ET Q q 0 0 0 rg BT 335.39 430.10 Td (most ) Tj ET Q q 0 0 0 rg BT 356.87 430.10 Td (of ) Tj ET Q q 0 0 0 rg BT 367.23 430.10 Td (their ) Tj ET Q q 0 0 0 rg BT 387.58 430.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 416.26 430.10 Td (programming ) Tj ET Q q 0 0 0 rg BT 472.73 430.10 Td (commitments ) Tj ET Q q 0 0 0 rg BT 529.19 430.10 Td (between ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 418.10 Td (February ) Tj ET Q q 0 0 0 rg BT 106.31 418.10 Td (and ) Tj ET Q q 0 0 0 rg BT 123.47 418.10 Td (June ) Tj ET Q q 0 0 0 rg BT 144.52 418.10 Td (such ) Tj ET Q q 0 0 0 rg BT 165.56 418.10 Td (that ) Tj ET Q q 0 0 0 rg BT 183.27 418.10 Td (new ) Tj ET Q q 0 0 0 rg BT 202.65 418.10 Td (programs ) Tj ET Q q 0 0 0 rg BT 243.14 418.10 Td (can ) Tj ET Q q 0 0 0 rg BT 259.73 418.10 Td (be ) Tj ET Q q 0 0 0 rg BT 271.88 418.10 Td (ready ) Tj ET Q q 0 0 0 rg BT 296.81 418.10 Td (for ) Tj ET Q q 0 0 0 rg BT 311.18 418.10 Td (telecast ) Tj ET Q q 0 0 0 rg BT 343.88 418.10 Td (at ) Tj ET Q q 0 0 0 rg BT 353.81 418.10 Td (the ) Tj ET Q q 0 0 0 rg BT 368.75 418.10 Td (start ) Tj ET Q q 0 0 0 rg BT 388.68 418.10 Td (of ) Tj ET Q q 0 0 0 rg BT 399.73 418.10 Td (the ) Tj ET Q q 0 0 0 rg BT 414.66 418.10 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 455.69 418.10 Td (season ) Tj ET Q q 0 0 0 rg BT 485.07 418.10 Td (in ) Tj ET Q q 0 0 0 rg BT 495.56 418.10 Td (September) Tj ET Q q 0 0 0 rg BT 537.92 418.10 Td (, ) Tj ET Q q 0 0 0 rg BT 543.14 418.10 Td (or ) Tj ET Q q 0 0 0 rg BT 554.19 418.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 406.10 Td (mid-season ) Tj ET Q q 0 0 0 rg BT 115.16 406.10 Td (replacements ) Tj ET Q q 0 0 0 rg BT 170.02 406.10 Td (in ) Tj ET Q q 0 0 0 rg BT 179.92 406.10 Td (January) Tj ET Q q 0 0 0 rg BT 210.37 406.10 Td (. ) Tj ET Q q 0 0 0 rg BT 214.98 406.10 Td (Because ) Tj ET Q q 0 0 0 rg BT 250.41 406.10 Td (of ) Tj ET Q q 0 0 0 rg BT 260.85 406.10 Td (this ) Tj ET Q q 0 0 0 rg BT 277.42 406.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 306.19 406.10 Td (production ) Tj ET Q q 0 0 0 rg BT 351.63 406.10 Td (cycle, ) Tj ET Q q 0 0 0 rg BT 377.33 406.10 Td (DHX) Tj ET Q q 0 0 0 rg BT 401.78 406.10 Td (s ) Tj ET Q q 0 0 0 rg BT 407.78 406.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 445.43 406.10 Td (may ) Tj ET Q q 0 0 0 rg BT 464.77 406.10 Td (not ) Tj ET Q q 0 0 0 rg BT 479.66 406.10 Td (be ) Tj ET Q q 0 0 0 rg BT 491.21 406.10 Td (earned ) Tj ET Q q 0 0 0 rg BT 519.97 406.10 Td (on ) Tj ET Q q 0 0 0 rg BT 532.08 406.10 Td (an ) Tj ET Q q 0 0 0 rg BT 543.64 406.10 Td (even ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 394.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 90.64 394.10 Td (throughout ) Tj ET Q q 0 0 0 rg BT 137.67 394.10 Td (the ) Tj ET Q q 0 0 0 rg BT 153.03 394.10 Td (year) Tj ET Q q 0 0 0 rg BT 169.68 394.10 Td (. ) Tj ET Q q 0 0 0 rg BT 175.32 394.10 Td (Results ) Tj ET Q q 0 0 0 rg BT 207.91 394.10 Td (from ) Tj ET Q q 0 0 0 rg BT 230.49 394.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 275.29 394.10 Td (fluctuate ) Tj ET Q q 0 0 0 rg BT 313.41 394.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 357.09 394.10 Td (from ) Tj ET Q q 0 0 0 rg BT 379.67 394.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 411.12 394.10 Td (to ) Tj ET Q q 0 0 0 rg BT 422.04 394.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 453.50 394.10 Td (and ) Tj ET Q q 0 0 0 rg BT 471.08 394.10 Td (the ) Tj ET Q q 0 0 0 rg BT 486.44 394.10 Td (results ) Tj ET Q q 0 0 0 rg BT 515.69 394.10 Td (for ) Tj ET Q q 0 0 0 rg BT 530.49 394.10 Td (any ) Tj ET Q q 0 0 0 rg BT 548.07 394.10 Td (one ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 382.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 98.32 382.10 Td (are ) Tj ET Q q 0 0 0 rg BT 113.02 382.10 Td (not ) Tj ET Q q 0 0 0 rg BT 128.30 382.10 Td (necessarily ) Tj ET Q q 0 0 0 rg BT 175.22 382.10 Td (indicative ) Tj ET Q q 0 0 0 rg BT 217.15 382.10 Td (of ) Tj ET Q q 0 0 0 rg BT 227.98 382.10 Td (results ) Tj ET Q q 0 0 0 rg BT 256.59 382.10 Td (for ) Tj ET Q q 0 0 0 rg BT 270.75 382.10 Td (future ) Tj ET Q q 0 0 0 rg BT 297.13 382.10 Td (quarters. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 67.50 364.10 Td (Raising ) Tj ET Q q 0 0 0 rg BT 101.31 364.10 Td (Additional Capital) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 346.10 Td (The ) Tj ET Q q 0 0 0 rg BT 103.25 346.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 144.34 346.10 Td (may ) Tj ET Q q 0 0 0 rg BT 163.76 346.10 Td (require ) Tj ET Q q 0 0 0 rg BT 194.28 346.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 223.13 346.10 Td (in ) Tj ET Q q 0 0 0 rg BT 233.12 346.10 Td (the ) Tj ET Q q 0 0 0 rg BT 247.54 346.10 Td (future ) Tj ET Q q 0 0 0 rg BT 273.62 346.10 Td (in ) Tj ET Q q 0 0 0 rg BT 283.60 346.10 Td (order ) Tj ET Q q 0 0 0 rg BT 306.90 346.10 Td (to ) Tj ET Q q 0 0 0 rg BT 316.88 346.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 338.52 346.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 380.71 346.10 Td (working ) Tj ET Q q 0 0 0 rg BT 416.25 346.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 445.10 346.10 Td (requirements, ) Tj ET Q q 0 0 0 rg BT 502.01 346.10 Td (to ) Tj ET Q q 0 0 0 rg BT 511.99 346.10 Td (make ) Tj ET Q q 0 0 0 rg BT 535.85 346.10 Td (capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 334.10 Td (expenditures, ) Tj ET Q q 0 0 0 rg BT 123.05 334.10 Td (to ) Tj ET Q q 0 0 0 rg BT 132.78 334.10 Td (take ) Tj ET Q q 0 0 0 rg BT 151.39 334.10 Td (advantage ) Tj ET Q q 0 0 0 rg BT 193.87 334.10 Td (of ) Tj ET Q q 0 0 0 rg BT 204.16 334.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 249.99 334.10 Td (and/or ) Tj ET Q q 0 0 0 rg BT 277.49 334.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 323.33 334.10 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 378.05 334.10 Td (or ) Tj ET Q q 0 0 0 rg BT 388.33 334.10 Td (for ) Tj ET Q q 0 0 0 rg BT 401.95 334.10 Td (other ) Tj ET Q q 0 0 0 rg BT 424.45 334.10 Td (reasons ) Tj ET Q q 0 0 0 rg BT 456.39 334.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 473.89 334.10 Td (specific ) Tj ET Q q 0 0 0 rg BT 506.94 334.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 527.78 334.10 Td (of ) Tj ET Q q 0 0 0 rg BT 538.07 334.10 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 322.10 Td (are ) Tj ET Q q 0 0 0 rg BT 82.10 322.10 Td (described ) Tj ET Q q 0 0 0 rg BT 122.82 322.10 Td (in ) Tj ET Q q 0 0 0 rg BT 132.99 322.10 Td (more ) Tj ET Q q 0 0 0 rg BT 155.94 322.10 Td (detail ) Tj ET Q q 0 0 0 rg BT 180.55 322.10 Td (below\). ) Tj ET Q q 0 0 0 rg BT 212.68 322.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 262.02 322.10 Td (, ) Tj ET Q q 0 0 0 rg BT 266.92 322.10 Td (it ) Tj ET Q q 0 0 0 rg BT 274.87 322.10 Td (may ) Tj ET Q q 0 0 0 rg BT 294.49 322.10 Td (need ) Tj ET Q q 0 0 0 rg BT 315.76 322.10 Td (to ) Tj ET Q q 0 0 0 rg BT 325.94 322.10 Td (raise ) Tj ET Q q 0 0 0 rg BT 347.21 322.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 389.60 322.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 418.65 322.10 Td (in ) Tj ET Q q 0 0 0 rg BT 428.82 322.10 Td (the ) Tj ET Q q 0 0 0 rg BT 443.44 322.10 Td (future. ) Tj ET Q q 0 0 0 rg BT 472.04 322.10 Td (The ) Tj ET Q q 0 0 0 rg BT 489.98 322.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 536.96 322.10 Td (ability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 310.10 Td (to ) Tj ET Q q 0 0 0 rg BT 77.00 310.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 103.72 310.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 145.43 310.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 184.91 310.10 Td (will ) Tj ET Q q 0 0 0 rg BT 202.19 310.10 Td (be ) Tj ET Q q 0 0 0 rg BT 213.35 310.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 243.40 310.10 Td (to ) Tj ET Q q 0 0 0 rg BT 252.90 310.10 Td (a ) Tj ET Q q 0 0 0 rg BT 259.06 310.10 Td (number ) Tj ET Q q 0 0 0 rg BT 291.32 310.10 Td (of ) Tj ET Q q 0 0 0 rg BT 301.37 310.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 330.30 310.10 Td (including ) Tj ET Q q 0 0 0 rg BT 369.80 310.10 Td (market ) Tj ET Q q 0 0 0 rg BT 399.28 310.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 442.67 310.10 Td (and ) Tj ET Q q 0 0 0 rg BT 458.83 310.10 Td (its ) Tj ET Q q 0 0 0 rg BT 470.00 310.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 509.48 310.10 Td (performance. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 298.10 Td (These ) Tj ET Q q 0 0 0 rg BT 93.84 298.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 123.51 298.10 Td (may ) Tj ET Q q 0 0 0 rg BT 143.18 298.10 Td (make ) Tj ET Q q 0 0 0 rg BT 167.30 298.10 Td (the ) Tj ET Q q 0 0 0 rg BT 181.98 298.10 Td (timing, ) Tj ET Q q 0 0 0 rg BT 213.05 298.10 Td (amount, ) Tj ET Q q 0 0 0 rg BT 248.01 298.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 272.69 298.10 Td (and ) Tj ET Q q 0 0 0 rg BT 289.58 298.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 333.71 298.10 Td (of ) Tj ET Q q 0 0 0 rg BT 344.50 298.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 386.95 298.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 427.18 298.10 Td (unattractive ) Tj ET Q q 0 0 0 rg BT 476.84 298.10 Td (or ) Tj ET Q q 0 0 0 rg BT 487.63 298.10 Td (unavailable ) Tj ET Q q 0 0 0 rg BT 536.18 298.10 Td (for ) Tj ET Q q 0 0 0 rg BT 550.30 298.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 286.10 Td (Company) Tj ET Q q 0 0 0 rg BT 105.74 286.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 268.10 Td (In ) Tj ET Q q 0 0 0 rg BT 96.54 268.10 Td (order ) Tj ET Q q 0 0 0 rg BT 120.34 268.10 Td (to ) Tj ET Q q 0 0 0 rg BT 130.82 268.10 Td (raise ) Tj ET Q q 0 0 0 rg BT 152.40 268.10 Td (such ) Tj ET Q q 0 0 0 rg BT 173.44 268.10 Td (capital, ) Tj ET Q q 0 0 0 rg BT 205.29 268.10 Td (the ) Tj ET Q q 0 0 0 rg BT 220.22 268.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 261.81 268.10 Td (may ) Tj ET Q q 0 0 0 rg BT 281.73 268.10 Td (sell ) Tj ET Q q 0 0 0 rg BT 298.32 268.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 341.02 268.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 368.72 268.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 409.19 268.10 Td (in ) Tj ET Q q 0 0 0 rg BT 419.67 268.10 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 466.81 268.10 Td (of) Tj ET Q q 0 0 0 rg BT 474.96 268.10 Td (ferings ) Tj ET Q q 0 0 0 rg BT 505.44 268.10 Td (and ) Tj ET Q q 0 0 0 rg BT 522.58 268.10 Td (may ) Tj ET Q q 0 0 0 rg BT 542.50 268.10 Td (issue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 256.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 110.12 256.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 137.75 256.10 Td (securities. ) Tj ET Q q 0 0 0 rg BT 180.64 256.10 Td (Sales ) Tj ET Q q 0 0 0 rg BT 204.38 256.10 Td (or ) Tj ET Q q 0 0 0 rg BT 215.34 256.10 Td (issuances ) Tj ET Q q 0 0 0 rg BT 255.74 256.10 Td (of ) Tj ET Q q 0 0 0 rg BT 266.70 256.10 Td (a ) Tj ET Q q 0 0 0 rg BT 273.77 256.10 Td (substantial ) Tj ET Q q 0 0 0 rg BT 319.18 256.10 Td (number ) Tj ET Q q 0 0 0 rg BT 352.35 256.10 Td (of ) Tj ET Q q 0 0 0 rg BT 363.31 256.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 390.94 256.10 Td (securities, ) Tj ET Q q 0 0 0 rg BT 433.83 256.10 Td (or ) Tj ET Q q 0 0 0 rg BT 444.80 256.10 Td (the ) Tj ET Q q 0 0 0 rg BT 459.64 256.10 Td (perception ) Tj ET Q q 0 0 0 rg BT 504.48 256.10 Td (that ) Tj ET Q q 0 0 0 rg BT 522.10 256.10 Td (such ) Tj ET Q q 0 0 0 rg BT 543.06 256.10 Td (sales ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 244.10 Td (could ) Tj ET Q q 0 0 0 rg BT 92.67 244.10 Td (occur) Tj ET Q q 0 0 0 rg BT 114.47 244.10 Td (, ) Tj ET Q q 0 0 0 rg BT 119.92 244.10 Td (may ) Tj ET Q q 0 0 0 rg BT 140.08 244.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 181.35 244.10 Td (af) Tj ET Q q 0 0 0 rg BT 188.94 244.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 206.87 244.10 Td (prevailing ) Tj ET Q q 0 0 0 rg BT 250.36 244.10 Td (market ) Tj ET Q q 0 0 0 rg BT 281.07 244.10 Td (price ) Tj ET Q q 0 0 0 rg BT 304.01 244.10 Td (for ) Tj ET Q q 0 0 0 rg BT 318.61 244.10 Td (the ) Tj ET Q q 0 0 0 rg BT 333.78 244.10 Td (securities. ) Tj ET Q q 0 0 0 rg BT 376.78 244.10 Td (W) Tj ET Q q 0 0 0 rg BT 385.82 244.10 Td (ith ) Tj ET Q q 0 0 0 rg BT 399.32 244.10 Td (any ) Tj ET Q q 0 0 0 rg BT 416.71 244.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 459.65 244.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 478.14 244.10 Td (or ) Tj ET Q q 0 0 0 rg BT 489.42 244.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 526.24 244.10 Td (of ) Tj ET Q q 0 0 0 rg BT 537.52 244.10 Td (equity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 232.10 Td (securities, ) Tj ET Q q 0 0 0 rg BT 110.57 232.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 149.49 232.10 Td (will ) Tj ET Q q 0 0 0 rg BT 167.86 232.10 Td (suf) Tj ET Q q 0 0 0 rg BT 179.90 232.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 193.81 232.10 Td (dilution ) Tj ET Q q 0 0 0 rg BT 227.73 232.10 Td (of ) Tj ET Q q 0 0 0 rg BT 238.87 232.10 Td (their ) Tj ET Q q 0 0 0 rg BT 260.01 232.10 Td (voting ) Tj ET Q q 0 0 0 rg BT 288.37 232.10 Td (power ) Tj ET Q q 0 0 0 rg BT 316.17 232.10 Td (and ) Tj ET Q q 0 0 0 rg BT 333.42 232.10 Td (the ) Tj ET Q q 0 0 0 rg BT 348.45 232.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 390.15 232.10 Td (may ) Tj ET Q q 0 0 0 rg BT 410.17 232.10 Td (experience ) Tj ET Q q 0 0 0 rg BT 456.28 232.10 Td (dilution ) Tj ET Q q 0 0 0 rg BT 490.21 232.10 Td (in ) Tj ET Q q 0 0 0 rg BT 500.80 232.10 Td (its ) Tj ET Q q 0 0 0 rg BT 513.05 232.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 549.74 232.10 Td (per ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 220.10 Td (share. ) Tj ET Q q 0 0 0 rg BT 93.31 220.10 Td (Capital ) Tj ET Q q 0 0 0 rg BT 124.41 220.10 Td (raised ) Tj ET Q q 0 0 0 rg BT 150.50 220.10 Td (through ) Tj ET Q q 0 0 0 rg BT 183.82 220.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 203.25 220.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 243.23 220.10 Td (would ) Tj ET Q q 0 0 0 rg BT 270.45 220.10 Td (require ) Tj ET Q q 0 0 0 rg BT 300.98 220.10 Td (the ) Tj ET Q q 0 0 0 rg BT 315.41 220.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 356.51 220.10 Td (to ) Tj ET Q q 0 0 0 rg BT 366.50 220.10 Td (make ) Tj ET Q q 0 0 0 rg BT 390.37 220.10 Td (periodic ) Tj ET Q q 0 0 0 rg BT 425.35 220.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 457.00 220.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 497.54 220.10 Td (and ) Tj ET Q q 0 0 0 rg BT 514.19 220.10 Td (may ) Tj ET Q q 0 0 0 rg BT 533.62 220.10 Td (impose ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 208.10 Td (restrictive ) Tj ET Q q 0 0 0 rg BT 109.98 208.10 Td (covenants ) Tj ET Q q 0 0 0 rg BT 152.47 208.10 Td (on ) Tj ET Q q 0 0 0 rg BT 164.97 208.10 Td (the ) Tj ET Q q 0 0 0 rg BT 179.68 208.10 Td (conduct ) Tj ET Q q 0 0 0 rg BT 213.84 208.10 Td (of ) Tj ET Q q 0 0 0 rg BT 224.67 208.10 Td (the ) Tj ET Q q 0 0 0 rg BT 239.38 208.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 286.46 208.10 Td (business. ) Tj ET Q q 0 0 0 rg BT 325.36 208.10 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 380.34 208.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 422.83 208.10 Td (financings ) Tj ET Q q 0 0 0 rg BT 466.99 208.10 Td (may ) Tj ET Q q 0 0 0 rg BT 486.70 208.10 Td (not ) Tj ET Q q 0 0 0 rg BT 501.98 208.10 Td (be ) Tj ET Q q 0 0 0 rg BT 513.92 208.10 Td (available ) Tj ET Q q 0 0 0 rg BT 552.51 208.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 196.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 92.39 196.10 Td (favourable ) Tj ET Q q 0 0 0 rg BT 137.81 196.10 Td (to ) Tj ET Q q 0 0 0 rg BT 148.26 196.10 Td (the ) Tj ET Q q 0 0 0 rg BT 163.15 196.10 Td (Company) Tj ET Q q 0 0 0 rg BT 201.38 196.10 Td (, ) Tj ET Q q 0 0 0 rg BT 206.55 196.10 Td (or ) Tj ET Q q 0 0 0 rg BT 217.55 196.10 Td (at ) Tj ET Q q 0 0 0 rg BT 227.44 196.10 Td (all. ) Tj ET Q q 0 0 0 rg BT 242.41 196.10 Td (The ) Tj ET Q q 0 0 0 rg BT 260.63 196.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 307.88 196.10 Td (failure ) Tj ET Q q 0 0 0 rg BT 336.64 196.10 Td (to ) Tj ET Q q 0 0 0 rg BT 347.09 196.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 374.75 196.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 417.42 196.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 451.19 196.10 Td (could ) Tj ET Q q 0 0 0 rg BT 476.08 196.10 Td (prevent ) Tj ET Q q 0 0 0 rg BT 508.74 196.10 Td (the ) Tj ET Q q 0 0 0 rg BT 523.62 196.10 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 184.10 Td (from ) Tj ET Q q 0 0 0 rg BT 89.44 184.10 Td (making ) Tj ET Q q 0 0 0 rg BT 121.93 184.10 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 175.53 184.10 Td (that ) Tj ET Q q 0 0 0 rg BT 193.02 184.10 Td (may ) Tj ET Q q 0 0 0 rg BT 212.74 184.10 Td (be ) Tj ET Q q 0 0 0 rg BT 224.68 184.10 Td (required ) Tj ET Q q 0 0 0 rg BT 260.49 184.10 Td (to ) Tj ET Q q 0 0 0 rg BT 270.77 184.10 Td (grow ) Tj ET Q q 0 0 0 rg BT 293.82 184.10 Td (its ) Tj ET Q q 0 0 0 rg BT 305.77 184.10 Td (business ) Tj ET Q q 0 0 0 rg BT 342.16 184.10 Td (or ) Tj ET Q q 0 0 0 rg BT 352.99 184.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 390.48 184.10 Td (its ) Tj ET Q q 0 0 0 rg BT 402.43 184.10 Td (operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 166.10 Td (The ) Tj ET Q q 0 0 0 rg BT 103.60 166.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 145.04 166.10 Td (may ) Tj ET Q q 0 0 0 rg BT 164.81 166.10 Td (issue ) Tj ET Q q 0 0 0 rg BT 187.36 166.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 229.90 166.10 Td (Common ) Tj ET Q q 0 0 0 rg BT 269.50 166.10 Td (V) Tj ET Q q 0 0 0 rg BT 275.43 166.10 Td (oting ) Tj ET Q q 0 0 0 rg BT 298.54 166.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 327.75 166.10 Td (and/or ) Tj ET Q q 0 0 0 rg BT 355.67 166.10 Td (V) Tj ET Q q 0 0 0 rg BT 361.78 166.10 Td (ariable ) Tj ET Q q 0 0 0 rg BT 391.35 166.10 Td (V) Tj ET Q q 0 0 0 rg BT 397.29 166.10 Td (oting ) Tj ET Q q 0 0 0 rg BT 420.39 166.10 Td (Shares, ) Tj ET Q q 0 0 0 rg BT 452.11 166.10 Td (including ) Tj ET Q q 0 0 0 rg BT 492.43 166.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 514.99 166.10 Td (the ) Tj ET Q q 0 0 0 rg BT 529.76 166.10 Td (exercise ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 154.10 Td (of ) Tj ET Q q 0 0 0 rg BT 78.95 154.10 Td (its ) Tj ET Q q 0 0 0 rg BT 91.52 154.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 130.73 154.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 180.52 154.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 204.75 154.10 Td (options ) Tj ET Q q 0 0 0 rg BT 237.31 154.10 Td (and ) Tj ET Q q 0 0 0 rg BT 254.87 154.10 Td (in ) Tj ET Q q 0 0 0 rg BT 265.77 154.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 313.85 154.10 Td (with ) Tj ET Q q 0 0 0 rg BT 334.75 154.10 Td (the ) Tj ET Q q 0 0 0 rg BT 350.09 154.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 375.42 154.10 Td (of ) Tj ET Q q 0 0 0 rg BT 386.88 154.10 Td (the ) Tj ET Q q 0 0 0 rg BT 402.21 154.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 449.91 154.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 488.03 154.10 Td (reinvestment ) Tj ET Q q 0 0 0 rg BT 542.80 154.10 Td (plan, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 142.10 Td (employee ) Tj ET Q q 0 0 0 rg BT 108.34 142.10 Td (share ) Tj ET Q q 0 0 0 rg BT 131.40 142.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 168.90 142.10 Td (plan, ) Tj ET Q q 0 0 0 rg BT 190.58 142.10 Td (and ) Tj ET Q q 0 0 0 rg BT 206.98 142.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 259.47 142.10 Td (share ) Tj ET Q q 0 0 0 rg BT 282.53 142.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 300.06 142.10 Td (plan. ) Tj ET Q q 0 0 0 rg BT 321.30 142.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 370.64 142.10 Td (, ) Tj ET Q q 0 0 0 rg BT 375.10 142.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 406.51 142.10 Td (of ) Tj ET Q q 0 0 0 rg BT 416.80 142.10 Td (Common ) Tj ET Q q 0 0 0 rg BT 455.85 142.10 Td (V) Tj ET Q q 0 0 0 rg BT 461.78 142.10 Td (oting ) Tj ET Q q 0 0 0 rg BT 484.30 142.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 512.93 142.10 Td (and ) Tj ET Q q 0 0 0 rg BT 529.19 142.10 Td (V) Tj ET Q q 0 0 0 rg BT 535.30 142.10 Td (ariable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 130.10 Td (V) Tj ET Q q 0 0 0 rg BT 73.43 130.10 Td (oting ) Tj ET Q q 0 0 0 rg BT 96.49 130.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 125.65 130.10 Td (may ) Tj ET Q q 0 0 0 rg BT 145.37 130.10 Td (suf) Tj ET Q q 0 0 0 rg BT 157.41 130.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 171.01 130.10 Td (dilution.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 67.50 112.10 Td (Reliance on Key Personnel ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 94.10 Td (The ) Tj ET Q q 0 0 0 rg BT 103.00 94.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 143.85 94.10 Td (is ) Tj ET Q q 0 0 0 rg BT 152.48 94.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 204.99 94.10 Td (dependent ) Tj ET Q q 0 0 0 rg BT 248.04 94.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 270.00 94.10 Td (the ) Tj ET Q q 0 0 0 rg BT 284.17 94.10 Td (services ) Tj ET Q q 0 0 0 rg BT 318.34 94.10 Td (of ) Tj ET Q q 0 0 0 rg BT 328.63 94.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 357.79 94.10 Td (key ) Tj ET Q q 0 0 0 rg BT 374.18 94.10 Td (personnel, ) Tj ET Q q 0 0 0 rg BT 417.52 94.10 Td (particularly ) Tj ET Q q 0 0 0 rg BT 465.56 94.10 Td (Michael ) Tj ET Q q 0 0 0 rg BT 500.29 94.10 Td (Donovan, ) Tj ET Q q 0 0 0 rg BT 541.40 94.10 Td (Dana ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 82.10 Td (Landry) Tj ET Q q 0 0 0 rg BT 95.73 82.10 Td (, ) Tj ET Q q 0 0 0 rg BT 100.78 82.10 Td (Steven ) Tj ET Q q 0 0 0 rg BT 130.56 82.10 Td (DeNure, ) Tj ET Q q 0 0 0 rg BT 167.26 82.10 Td (and ) Tj ET Q q 0 0 0 rg BT 184.26 82.10 Td (Joseph ) Tj ET Q q 0 0 0 rg BT 213.85 82.10 Td (T) Tj ET Q q 0 0 0 rg BT 219.26 82.10 Td (edesco ) Tj ET Q q 0 0 0 rg BT 249.02 82.10 Td (\(with ) Tj ET Q q 0 0 0 rg BT 272.69 82.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 303.56 82.10 Td (to ) Tj ET Q q 0 0 0 rg BT 313.90 82.10 Td (the ) Tj ET Q q 0 0 0 rg BT 328.67 82.10 Td (DHX ) Tj ET Q q 0 0 0 rg BT 352.70 82.10 Td (T) Tj ET Q q 0 0 0 rg BT 358.11 82.10 Td (elevision ) Tj ET Q q 0 0 0 rg BT 396.77 82.10 Td (Business\). ) Tj ET Q q 0 0 0 rg BT 440.54 82.10 Td (The ) Tj ET Q q 0 0 0 rg BT 458.64 82.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 476.76 82.10 Td (of ) Tj ET Q q 0 0 0 rg BT 487.64 82.10 Td (the ) Tj ET Q q 0 0 0 rg BT 502.42 82.10 Td (services ) Tj ET Q q 0 0 0 rg BT 537.18 82.10 Td (of ) Tj ET Q q 0 0 0 rg BT 548.07 82.10 Td (any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 70.10 Td (one ) Tj ET Q q 0 0 0 rg BT 83.61 70.10 Td (or ) Tj ET Q q 0 0 0 rg BT 93.61 70.10 Td (more ) Tj ET Q q 0 0 0 rg BT 115.83 70.10 Td (of ) Tj ET Q q 0 0 0 rg BT 125.83 70.10 Td (such ) Tj ET Q q 0 0 0 rg BT 145.83 70.10 Td (individuals ) Tj ET Q q 0 0 0 rg BT 191.94 70.10 Td (could ) Tj ET Q q 0 0 0 rg BT 215.83 70.10 Td (have ) Tj ET Q q 0 0 0 rg BT 236.37 70.10 Td (a ) Tj ET Q q 0 0 0 rg BT 242.48 70.10 Td (material ) Tj ET Q q 0 0 0 rg BT 276.91 70.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 309.12 70.10 Td (ef) Tj ET Q q 0 0 0 rg BT 316.70 70.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 333.36 70.10 Td (on ) Tj ET Q q 0 0 0 rg BT 345.03 70.10 Td (the ) Tj ET Q q 0 0 0 rg BT 358.92 70.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 396.98 70.10 Td (results ) Tj ET Q q 0 0 0 rg BT 424.76 70.10 Td (of ) Tj ET Q q 0 0 0 rg BT 434.76 70.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 478.08 70.10 Td (or ) Tj ET Q q 0 0 0 rg BT 488.08 70.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 524.73 70.10 Td (condition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 58.10 Td (of ) Tj ET Q q 0 0 0 rg BT 77.96 58.10 Td (the ) Tj ET Q q 0 0 0 rg BT 92.31 58.10 Td (Company) Tj ET Q q 0 0 0 rg BT 130.55 58.10 Td (. ) Tj ET Q q 0 0 0 rg BT 135.18 58.10 Td (Each ) Tj ET Q q 0 0 0 rg BT 157.30 58.10 Td (of ) Tj ET Q q 0 0 0 rg BT 167.76 58.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 179.43 58.10 Td (.Donovan, ) Tj ET Q q 0 0 0 rg BT 225.73 58.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 237.40 58.10 Td (. ) Tj ET Q q 0 0 0 rg BT 242.03 58.10 Td (Landry) Tj ET Q q 0 0 0 rg BT 270.26 58.10 Td (, ) Tj ET Q q 0 0 0 rg BT 274.89 58.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 286.56 58.10 Td (.DeNure, ) Tj ET Q q 0 0 0 rg BT 327.84 58.10 Td (and ) Tj ET Q q 0 0 0 rg BT 344.41 58.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 356.08 58.10 Td (. ) Tj ET Q q 0 0 0 rg BT 360.56 58.10 Td (T) Tj ET Q q 0 0 0 rg BT 365.97 58.10 Td (edesco ) Tj ET Q q 0 0 0 rg BT 395.31 58.10 Td (are ) Tj ET Q q 0 0 0 rg BT 409.65 58.10 Td (under ) Tj ET Q q 0 0 0 rg BT 434.55 58.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 468.89 58.10 Td (with ) Tj ET Q q 0 0 0 rg BT 488.80 58.10 Td (the ) Tj ET Q q 0 0 0 rg BT 503.15 58.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 544.17 58.10 Td (until ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 46.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 92.50 46.10 Td (2018, ) Tj ET Q q 0 0 0 rg BT 117.50 46.10 Td (2019, ) Tj ET Q q 0 0 0 rg BT 142.50 46.10 Td (and ) Tj ET Q q 0 0 0 rg BT 159.44 46.10 Td (indefinitely ) Tj ET Q q 0 0 0 rg BT 208.04 46.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 255.70 46.10 Td (.) Tj ET Q endstream endobj 55 0 obj <> endobj 56 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6 0.6 0.6 rg BT 301.00 31.60 Td (27) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 67.50 742.25 Td (Market Share Price Fluctuation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 724.25 Td (Securities ) Tj ET Q q 0 0 0 rg BT 127.76 724.25 Td (markets ) Tj ET Q q 0 0 0 rg BT 162.24 724.25 Td (have ) Tj ET Q q 0 0 0 rg BT 183.94 724.25 Td (a ) Tj ET Q q 0 0 0 rg BT 191.20 724.25 Td (high ) Tj ET Q q 0 0 0 rg BT 211.80 724.25 Td (level ) Tj ET Q q 0 0 0 rg BT 234.06 724.25 Td (of ) Tj ET Q q 0 0 0 rg BT 245.21 724.25 Td (price ) Tj ET Q q 0 0 0 rg BT 268.02 724.25 Td (and ) Tj ET Q q 0 0 0 rg BT 285.28 724.25 Td (volume ) Tj ET Q q 0 0 0 rg BT 318.10 724.25 Td (volatility) Tj ET Q q 0 0 0 rg BT 353.56 724.25 Td (, ) Tj ET Q q 0 0 0 rg BT 358.89 724.25 Td (and ) Tj ET Q q 0 0 0 rg BT 376.15 724.25 Td (the ) Tj ET Q q 0 0 0 rg BT 391.19 724.25 Td (market ) Tj ET Q q 0 0 0 rg BT 421.78 724.25 Td (price ) Tj ET Q q 0 0 0 rg BT 444.58 724.25 Td (of ) Tj ET Q q 0 0 0 rg BT 455.74 724.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 483.55 724.25 Td (of ) Tj ET Q q 0 0 0 rg BT 494.71 724.25 Td (many ) Tj ET Q q 0 0 0 rg BT 519.75 724.25 Td (companies ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 712.25 Td (have ) Tj ET Q q 0 0 0 rg BT 88.42 712.25 Td (experienced ) Tj ET Q q 0 0 0 rg BT 138.77 712.25 Td (wide ) Tj ET Q q 0 0 0 rg BT 160.25 712.25 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 209.51 712.25 Td (in ) Tj ET Q q 0 0 0 rg BT 219.33 712.25 Td (price ) Tj ET Q q 0 0 0 rg BT 241.36 712.25 Td (which ) Tj ET Q q 0 0 0 rg BT 267.84 712.25 Td (have ) Tj ET Q q 0 0 0 rg BT 288.77 712.25 Td (not ) Tj ET Q q 0 0 0 rg BT 303.59 712.25 Td (necessarily ) Tj ET Q q 0 0 0 rg BT 350.06 712.25 Td (been ) Tj ET Q q 0 0 0 rg BT 370.98 712.25 Td (related ) Tj ET Q q 0 0 0 rg BT 400.23 712.25 Td (to ) Tj ET Q q 0 0 0 rg BT 410.05 712.25 Td (the ) Tj ET Q q 0 0 0 rg BT 424.31 712.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 464.12 712.25 Td (performance, ) Tj ET Q q 0 0 0 rg BT 519.19 712.25 Td (underlying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 700.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 90.33 700.25 Td (values ) Tj ET Q q 0 0 0 rg BT 119.27 700.25 Td (or ) Tj ET Q q 0 0 0 rg BT 131.00 700.25 Td (prospects ) Tj ET Q q 0 0 0 rg BT 172.16 700.25 Td (of ) Tj ET Q q 0 0 0 rg BT 183.88 700.25 Td (such ) Tj ET Q q 0 0 0 rg BT 205.61 700.25 Td (companies. ) Tj ET Q q 0 0 0 rg BT 254.02 700.25 Td (The ) Tj ET Q q 0 0 0 rg BT 272.96 700.25 Td (market ) Tj ET Q q 0 0 0 rg BT 304.12 700.25 Td (price ) Tj ET Q q 0 0 0 rg BT 327.49 700.25 Td (of ) Tj ET Q q 0 0 0 rg BT 339.22 700.25 Td (the ) Tj ET Q q 0 0 0 rg BT 354.83 700.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 402.80 700.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 443.96 700.25 Td (may ) Tj ET Q q 0 0 0 rg BT 464.57 700.25 Td (be ) Tj ET Q q 0 0 0 rg BT 477.40 700.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 509.12 700.25 Td (to ) Tj ET Q q 0 0 0 rg BT 520.29 700.25 Td (significant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 688.25 Td (fluctuation ) Tj ET Q q 0 0 0 rg BT 114.05 688.25 Td (in ) Tj ET Q q 0 0 0 rg BT 125.06 688.25 Td (response ) Tj ET Q q 0 0 0 rg BT 163.29 688.25 Td (to ) Tj ET Q q 0 0 0 rg BT 174.30 688.25 Td (numerous ) Tj ET Q q 0 0 0 rg BT 216.97 688.25 Td (factors, ) Tj ET Q q 0 0 0 rg BT 249.91 688.25 Td (including ) Tj ET Q q 0 0 0 rg BT 290.91 688.25 Td (variations ) Tj ET Q q 0 0 0 rg BT 333.58 688.25 Td (in ) Tj ET Q q 0 0 0 rg BT 344.59 688.25 Td (its ) Tj ET Q q 0 0 0 rg BT 357.27 688.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 387.16 688.25 Td (or ) Tj ET Q q 0 0 0 rg BT 398.72 688.25 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 438.05 688.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 476.26 688.25 Td (results ) Tj ET Q q 0 0 0 rg BT 505.60 688.25 Td (or ) Tj ET Q q 0 0 0 rg BT 517.16 688.25 Td (those ) Tj ET Q q 0 0 0 rg BT 541.50 688.25 Td (of ) Tj ET Q q 0 0 0 rg BT 553.07 688.25 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 676.25 Td (competitors, ) Tj ET Q q 0 0 0 rg BT 121.38 676.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 157.75 676.25 Td (by ) Tj ET Q q 0 0 0 rg BT 171.92 676.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 211.07 676.25 Td (research ) Tj ET Q q 0 0 0 rg BT 248.54 676.25 Td (analysts ) Tj ET Q q 0 0 0 rg BT 284.92 676.25 Td (in ) Tj ET Q q 0 0 0 rg BT 296.87 676.25 Td (their ) Tj ET Q q 0 0 0 rg BT 319.36 676.25 Td (recommendations ) Tj ET Q q 0 0 0 rg BT 394.62 676.25 Td (or ) Tj ET Q q 0 0 0 rg BT 407.11 676.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 448.49 676.25 Td (of ) Tj ET Q q 0 0 0 rg BT 460.99 676.25 Td (the ) Tj ET Q q 0 0 0 rg BT 477.37 676.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 526.12 676.25 Td (earnings, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 664.25 Td (conditions ) Tj ET Q q 0 0 0 rg BT 112.07 664.25 Td (in ) Tj ET Q q 0 0 0 rg BT 122.76 664.25 Td (the ) Tj ET Q q 0 0 0 rg BT 137.88 664.25 Td (economy ) Tj ET Q q 0 0 0 rg BT 177.45 664.25 Td (in ) Tj ET Q q 0 0 0 rg BT 188.13 664.25 Td (general ) Tj ET Q q 0 0 0 rg BT 220.46 664.25 Td (or ) Tj ET Q q 0 0 0 rg BT 231.70 664.25 Td (in ) Tj ET Q q 0 0 0 rg BT 242.39 664.25 Td (the ) Tj ET Q q 0 0 0 rg BT 257.51 664.25 Td (broadcasting, ) Tj ET Q q 0 0 0 rg BT 314.01 664.25 Td (film ) Tj ET Q q 0 0 0 rg BT 333.59 664.25 Td (or ) Tj ET Q q 0 0 0 rg BT 344.82 664.25 Td (television ) Tj ET Q q 0 0 0 rg BT 386.61 664.25 Td (sectors ) Tj ET Q q 0 0 0 rg BT 417.29 664.25 Td (in ) Tj ET Q q 0 0 0 rg BT 427.98 664.25 Td (particular) Tj ET Q q 0 0 0 rg BT 465.89 664.25 Td (, ) Tj ET Q q 0 0 0 rg BT 471.29 664.25 Td (unfavourable ) Tj ET Q q 0 0 0 rg BT 526.96 664.25 Td (publicity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 652.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 102.16 652.25 Td (in ) Tj ET Q q 0 0 0 rg BT 112.38 652.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 155.92 652.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 176.70 652.25 Td (and ) Tj ET Q q 0 0 0 rg BT 193.59 652.25 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 242.97 652.25 Td (exercise ) Tj ET Q q 0 0 0 rg BT 278.17 652.25 Td (of ) Tj ET Q q 0 0 0 rg BT 288.95 652.25 Td (the ) Tj ET Q q 0 0 0 rg BT 303.62 652.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 350.64 652.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 399.76 652.25 Td (options ) Tj ET Q q 0 0 0 rg BT 431.66 652.25 Td (and/or ) Tj ET Q q 0 0 0 rg BT 459.65 652.25 Td (warrants, ) Tj ET Q q 0 0 0 rg BT 499.03 652.25 Td (or ) Tj ET Q q 0 0 0 rg BT 509.81 652.25 Td (other ) Tj ET Q q 0 0 0 rg BT 532.80 652.25 Td (factors. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 640.25 Td (Moreover) Tj ET Q q 0 0 0 rg BT 106.53 640.25 Td (, ) Tj ET Q q 0 0 0 rg BT 111.52 640.25 Td (from ) Tj ET Q q 0 0 0 rg BT 133.45 640.25 Td (time ) Tj ET Q q 0 0 0 rg BT 153.72 640.25 Td (to ) Tj ET Q q 0 0 0 rg BT 163.99 640.25 Td (time, ) Tj ET Q q 0 0 0 rg BT 186.75 640.25 Td (the ) Tj ET Q q 0 0 0 rg BT 201.46 640.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 225.06 640.25 Td (markets ) Tj ET Q q 0 0 0 rg BT 259.21 640.25 Td (on ) Tj ET Q q 0 0 0 rg BT 271.70 640.25 Td (which ) Tj ET Q q 0 0 0 rg BT 298.63 640.25 Td (the ) Tj ET Q q 0 0 0 rg BT 313.34 640.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 360.41 640.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 400.66 640.25 Td (will ) Tj ET Q q 0 0 0 rg BT 418.71 640.25 Td (be ) Tj ET Q q 0 0 0 rg BT 430.64 640.25 Td (listed ) Tj ET Q q 0 0 0 rg BT 454.80 640.25 Td (may ) Tj ET Q q 0 0 0 rg BT 474.51 640.25 Td (experience ) Tj ET Q q 0 0 0 rg BT 520.30 640.25 Td (significant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 628.25 Td (price ) Tj ET Q q 0 0 0 rg BT 89.69 628.25 Td (and ) Tj ET Q q 0 0 0 rg BT 106.33 628.25 Td (volume ) Tj ET Q q 0 0 0 rg BT 138.53 628.25 Td (volatility ) Tj ET Q q 0 0 0 rg BT 176.85 628.25 Td (that ) Tj ET Q q 0 0 0 rg BT 194.05 628.25 Td (may ) Tj ET Q q 0 0 0 rg BT 213.47 628.25 Td (af) Tj ET Q q 0 0 0 rg BT 221.05 628.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 238.24 628.25 Td (the ) Tj ET Q q 0 0 0 rg BT 252.67 628.25 Td (market ) Tj ET Q q 0 0 0 rg BT 282.63 628.25 Td (price ) Tj ET Q q 0 0 0 rg BT 304.82 628.25 Td (of ) Tj ET Q q 0 0 0 rg BT 315.36 628.25 Td (the ) Tj ET Q q 0 0 0 rg BT 329.78 628.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 376.56 628.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 416.53 628.25 Td (for ) Tj ET Q q 0 0 0 rg BT 430.40 628.25 Td (reasons ) Tj ET Q q 0 0 0 rg BT 462.59 628.25 Td (unrelated ) Tj ET Q q 0 0 0 rg BT 502.00 628.25 Td (to ) Tj ET Q q 0 0 0 rg BT 511.98 628.25 Td (its ) Tj ET Q q 0 0 0 rg BT 523.64 628.25 Td (economic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 616.25 Td (performance. ) Tj ET Q q 0 0 0 rg BT 123.02 616.25 Td (No ) Tj ET Q q 0 0 0 rg BT 137.74 616.25 Td (prediction ) Tj ET Q q 0 0 0 rg BT 180.78 616.25 Td (can ) Tj ET Q q 0 0 0 rg BT 197.15 616.25 Td (be ) Tj ET Q q 0 0 0 rg BT 209.08 616.25 Td (made ) Tj ET Q q 0 0 0 rg BT 233.24 616.25 Td (as ) Tj ET Q q 0 0 0 rg BT 244.06 616.25 Td (to ) Tj ET Q q 0 0 0 rg BT 254.34 616.25 Td (the ) Tj ET Q q 0 0 0 rg BT 269.05 616.25 Td (ef) Tj ET Q q 0 0 0 rg BT 276.64 616.25 Td (fect, ) Tj ET Q q 0 0 0 rg BT 296.62 616.25 Td (if ) Tj ET Q q 0 0 0 rg BT 305.23 616.25 Td (any) Tj ET Q q 0 0 0 rg BT 319.02 616.25 Td (, ) Tj ET Q q 0 0 0 rg BT 324.01 616.25 Td (that ) Tj ET Q q 0 0 0 rg BT 341.50 616.25 Td (future ) Tj ET Q q 0 0 0 rg BT 367.88 616.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 389.81 616.25 Td (of ) Tj ET Q q 0 0 0 rg BT 400.64 616.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 440.90 616.25 Td (or ) Tj ET Q q 0 0 0 rg BT 451.73 616.25 Td (the ) Tj ET Q q 0 0 0 rg BT 466.44 616.25 Td (availability ) Tj ET Q q 0 0 0 rg BT 513.92 616.25 Td (of ) Tj ET Q q 0 0 0 rg BT 524.75 616.25 Td (securities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 604.25 Td (for ) Tj ET Q q 0 0 0 rg BT 81.31 604.25 Td (future ) Tj ET Q q 0 0 0 rg BT 107.33 604.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 125.03 604.25 Td (\(including ) Tj ET Q q 0 0 0 rg BT 168.28 604.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 208.19 604.25 Td (issuable ) Tj ET Q q 0 0 0 rg BT 242.55 604.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 264.70 604.25 Td (the ) Tj ET Q q 0 0 0 rg BT 279.06 604.25 Td (exercise ) Tj ET Q q 0 0 0 rg BT 313.97 604.25 Td (of ) Tj ET Q q 0 0 0 rg BT 324.44 604.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 347.70 604.25 Td (options\) ) Tj ET Q q 0 0 0 rg BT 382.63 604.25 Td (will ) Tj ET Q q 0 0 0 rg BT 400.33 604.25 Td (have ) Tj ET Q q 0 0 0 rg BT 421.35 604.25 Td (on ) Tj ET Q q 0 0 0 rg BT 433.50 604.25 Td (the ) Tj ET Q q 0 0 0 rg BT 447.87 604.25 Td (market ) Tj ET Q q 0 0 0 rg BT 477.78 604.25 Td (price ) Tj ET Q q 0 0 0 rg BT 499.91 604.25 Td (of ) Tj ET Q q 0 0 0 rg BT 510.39 604.25 Td (the ) Tj ET Q q 0 0 0 rg BT 524.75 604.25 Td (securities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 592.25 Td (prevailing ) Tj ET Q q 0 0 0 rg BT 110.66 592.25 Td (from ) Tj ET Q q 0 0 0 rg BT 132.71 592.25 Td (time ) Tj ET Q q 0 0 0 rg BT 153.10 592.25 Td (to ) Tj ET Q q 0 0 0 rg BT 163.50 592.25 Td (time. ) Tj ET Q q 0 0 0 rg BT 186.39 592.25 Td (Sales ) Tj ET Q q 0 0 0 rg BT 210.11 592.25 Td (of ) Tj ET Q q 0 0 0 rg BT 221.06 592.25 Td (substantial ) Tj ET Q q 0 0 0 rg BT 266.45 592.25 Td (numbers ) Tj ET Q q 0 0 0 rg BT 303.50 592.25 Td (of ) Tj ET Q q 0 0 0 rg BT 314.45 592.25 Td (securities, ) Tj ET Q q 0 0 0 rg BT 357.33 592.25 Td (or ) Tj ET Q q 0 0 0 rg BT 368.27 592.25 Td (the ) Tj ET Q q 0 0 0 rg BT 383.11 592.25 Td (perception ) Tj ET Q q 0 0 0 rg BT 427.93 592.25 Td (that ) Tj ET Q q 0 0 0 rg BT 445.54 592.25 Td (such ) Tj ET Q q 0 0 0 rg BT 466.48 592.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 488.54 592.25 Td (could ) Tj ET Q q 0 0 0 rg BT 513.37 592.25 Td (occur) Tj ET Q q 0 0 0 rg BT 535.18 592.25 Td (, ) Tj ET Q q 0 0 0 rg BT 540.29 592.25 Td (could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 580.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 108.32 580.25 Td (af) Tj ET Q q 0 0 0 rg BT 115.90 580.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 133.39 580.25 Td (the ) Tj ET Q q 0 0 0 rg BT 148.11 580.25 Td (prevailing ) Tj ET Q q 0 0 0 rg BT 191.15 580.25 Td (price ) Tj ET Q q 0 0 0 rg BT 213.63 580.25 Td (of ) Tj ET Q q 0 0 0 rg BT 224.46 580.25 Td (the ) Tj ET Q q 0 0 0 rg BT 239.18 580.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 286.26 580.25 Td (securities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 562.25 Td (As ) Tj ET Q q 0 0 0 rg BT 98.87 562.25 Td (a ) Tj ET Q q 0 0 0 rg BT 105.56 562.25 Td (result ) Tj ET Q q 0 0 0 rg BT 130.03 562.25 Td (of ) Tj ET Q q 0 0 0 rg BT 140.61 562.25 Td (any ) Tj ET Q q 0 0 0 rg BT 157.30 562.25 Td (of ) Tj ET Q q 0 0 0 rg BT 167.89 562.25 Td (these ) Tj ET Q q 0 0 0 rg BT 190.69 562.25 Td (factors, ) Tj ET Q q 0 0 0 rg BT 222.65 562.25 Td (the ) Tj ET Q q 0 0 0 rg BT 237.12 562.25 Td (market ) Tj ET Q q 0 0 0 rg BT 267.14 562.25 Td (price ) Tj ET Q q 0 0 0 rg BT 289.37 562.25 Td (of ) Tj ET Q q 0 0 0 rg BT 299.96 562.25 Td (the ) Tj ET Q q 0 0 0 rg BT 314.43 562.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 341.67 562.25 Td (may ) Tj ET Q q 0 0 0 rg BT 361.14 562.25 Td (be ) Tj ET Q q 0 0 0 rg BT 372.83 562.25 Td (volatile ) Tj ET Q q 0 0 0 rg BT 405.08 562.25 Td (and, ) Tj ET Q q 0 0 0 rg BT 424.27 562.25 Td (at ) Tj ET Q q 0 0 0 rg BT 433.74 562.25 Td (any ) Tj ET Q q 0 0 0 rg BT 450.43 562.25 Td (given ) Tj ET Q q 0 0 0 rg BT 474.90 562.25 Td (point ) Tj ET Q q 0 0 0 rg BT 497.71 562.25 Td (in ) Tj ET Q q 0 0 0 rg BT 507.74 562.25 Td (time, ) Tj ET Q q 0 0 0 rg BT 530.27 562.25 Td (may ) Tj ET Q q 0 0 0 rg BT 549.74 562.25 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 550.25 Td (accurately ) Tj ET Q q 0 0 0 rg BT 110.42 550.25 Td (reflect ) Tj ET Q q 0 0 0 rg BT 137.79 550.25 Td (the ) Tj ET Q q 0 0 0 rg BT 151.84 550.25 Td (long ) Tj ET Q q 0 0 0 rg BT 171.46 550.25 Td (term ) Tj ET Q q 0 0 0 rg BT 191.62 550.25 Td (value ) Tj ET Q q 0 0 0 rg BT 215.12 550.25 Td (of ) Tj ET Q q 0 0 0 rg BT 225.29 550.25 Td (DHX ) Tj ET Q q 0 0 0 rg BT 248.79 550.25 Td (Media. ) Tj ET Q q 0 0 0 rg BT 278.54 550.25 Td (This ) Tj ET Q q 0 0 0 rg BT 298.16 550.25 Td (volatility ) Tj ET Q q 0 0 0 rg BT 336.10 550.25 Td (may ) Tj ET Q q 0 0 0 rg BT 355.16 550.25 Td (af) Tj ET Q q 0 0 0 rg BT 362.75 550.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 379.57 550.25 Td (the ) Tj ET Q q 0 0 0 rg BT 393.63 550.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 421.02 550.25 Td (of ) Tj ET Q q 0 0 0 rg BT 431.19 550.25 Td (holders ) Tj ET Q q 0 0 0 rg BT 462.46 550.25 Td (of ) Tj ET Q q 0 0 0 rg BT 472.50 550.25 Td (V) Tj ET Q q 0 0 0 rg BT 478.61 550.25 Td (ariable ) Tj ET Q q 0 0 0 rg BT 507.52 550.25 Td (V) Tj ET Q q 0 0 0 rg BT 513.45 550.25 Td (oting ) Tj ET Q q 0 0 0 rg BT 535.85 550.25 Td (Shares ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 538.25 Td (and ) Tj ET Q q 0 0 0 rg BT 84.44 538.25 Td (Common ) Tj ET Q q 0 0 0 rg BT 123.98 538.25 Td (V) Tj ET Q q 0 0 0 rg BT 129.92 538.25 Td (oting ) Tj ET Q q 0 0 0 rg BT 152.97 538.25 Td (Shares ) Tj ET Q q 0 0 0 rg BT 182.13 538.25 Td (to ) Tj ET Q q 0 0 0 rg BT 192.41 538.25 Td (sell ) Tj ET Q q 0 0 0 rg BT 208.80 538.25 Td (their ) Tj ET Q q 0 0 0 rg BT 229.62 538.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 257.11 538.25 Td (at ) Tj ET Q q 0 0 0 rg BT 266.83 538.25 Td (an ) Tj ET Q q 0 0 0 rg BT 278.77 538.25 Td (advantageous ) Tj ET Q q 0 0 0 rg BT 335.69 538.25 Td (price.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 520.25 Td (DHX Media's Common ) Tj ET Q q 0 0 0 rg BT 182.95 520.25 Td (V) Tj ET Q q 0 0 0 rg BT 188.88 520.25 Td (oting Shares and ) Tj ET Q q 0 0 0 rg BT 257.86 520.25 Td (V) Tj ET Q q 0 0 0 rg BT 263.97 520.25 Td (ariable ) Tj ET Q q 0 0 0 rg BT 293.49 520.25 Td (V) Tj ET Q q 0 0 0 rg BT 299.43 520.25 Td (oting Shares structure is unusual in the United States. ) Tj ET Q q 0 0 0 rg BT 514.95 520.25 Td (As a result, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 508.25 Td (brokers, dealers and other market participants may not understand the conversion features of the Common ) Tj ET Q q 0 0 0 rg BT 494.41 508.25 Td (V) Tj ET Q q 0 0 0 rg BT 500.34 508.25 Td (oting Shares ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 496.25 Td (and ) Tj ET Q q 0 0 0 rg BT 84.26 496.25 Td (V) Tj ET Q q 0 0 0 rg BT 90.37 496.25 Td (ariable ) Tj ET Q q 0 0 0 rg BT 119.89 496.25 Td (V) Tj ET Q q 0 0 0 rg BT 125.83 496.25 Td (oting Shares, which may negatively impact liquidity in the trading market for each class of shares and may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 484.25 Td (result in dif) Tj ET Q q 0 0 0 rg BT 113.42 484.25 Td (ferences between the trading prices of each class of shares that do not reflect dif) Tj ET Q q 0 0 0 rg BT 433.10 484.25 Td (ferences in the underlying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 472.25 Td (economic or voting interests represented by each class of shares.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 67.50 454.25 Td (T) Tj ET Q q 0 0 0 rg BT 72.69 454.25 Td (ax ) Tj ET Q q 0 0 0 rg BT 85.19 454.25 Td (Matters) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 436.25 Td (In ) Tj ET Q q 0 0 0 rg BT 95.68 436.25 Td (the ) Tj ET Q q 0 0 0 rg BT 109.75 436.25 Td (preparation ) Tj ET Q q 0 0 0 rg BT 157.14 436.25 Td (of ) Tj ET Q q 0 0 0 rg BT 167.32 436.25 Td (its ) Tj ET Q q 0 0 0 rg BT 178.62 436.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 215.46 436.25 Td (statements, ) Tj ET Q q 0 0 0 rg BT 262.02 436.25 Td (the ) Tj ET Q q 0 0 0 rg BT 276.09 436.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 316.83 436.25 Td (is ) Tj ET Q q 0 0 0 rg BT 325.35 436.25 Td (required ) Tj ET Q q 0 0 0 rg BT 360.52 436.25 Td (to ) Tj ET Q q 0 0 0 rg BT 370.15 436.25 Td (estimate ) Tj ET Q q 0 0 0 rg BT 405.33 436.25 Td (income ) Tj ET Q q 0 0 0 rg BT 436.61 436.25 Td (taxes ) Tj ET Q q 0 0 0 rg BT 459.01 436.25 Td (in ) Tj ET Q q 0 0 0 rg BT 468.64 436.25 Td (each ) Tj ET Q q 0 0 0 rg BT 488.81 436.25 Td (of ) Tj ET Q q 0 0 0 rg BT 499.00 436.25 Td (the ) Tj ET Q q 0 0 0 rg BT 513.07 436.25 Td (jurisdictions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 424.25 Td (in ) Tj ET Q q 0 0 0 rg BT 77.21 424.25 Td (which ) Tj ET Q q 0 0 0 rg BT 103.59 424.25 Td (it ) Tj ET Q q 0 0 0 rg BT 111.08 424.25 Td (operates ) Tj ET Q q 0 0 0 rg BT 146.33 424.25 Td (taking ) Tj ET Q q 0 0 0 rg BT 173.26 424.25 Td (into ) Tj ET Q q 0 0 0 rg BT 190.76 424.25 Td (consideration ) Tj ET Q q 0 0 0 rg BT 246.56 424.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 260.72 424.25 Td (laws, ) Tj ET Q q 0 0 0 rg BT 283.48 424.25 Td (regulations ) Tj ET Q q 0 0 0 rg BT 329.85 424.25 Td (and ) Tj ET Q q 0 0 0 rg BT 346.23 424.25 Td (interpretations ) Tj ET Q q 0 0 0 rg BT 405.92 424.25 Td (that ) Tj ET Q q 0 0 0 rg BT 422.85 424.25 Td (pertain ) Tj ET Q q 0 0 0 rg BT 452.55 424.25 Td (to ) Tj ET Q q 0 0 0 rg BT 462.27 424.25 Td (the ) Tj ET Q q 0 0 0 rg BT 476.42 424.25 Td (Company) Tj ET Q q 0 0 0 rg BT 518.09 424.25 Td (s ) Tj ET Q q 0 0 0 rg BT 523.91 424.25 Td (activities. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 412.25 Td (In ) Tj ET Q q 0 0 0 rg BT 78.16 412.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 115.76 412.25 Td (DHX ) Tj ET Q q 0 0 0 rg BT 139.75 412.25 Td (is ) Tj ET Q q 0 0 0 rg BT 148.75 412.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 179.40 412.25 Td (to ) Tj ET Q q 0 0 0 rg BT 189.51 412.25 Td (audits ) Tj ET Q q 0 0 0 rg BT 215.73 412.25 Td (from ) Tj ET Q q 0 0 0 rg BT 237.49 412.25 Td (dif) Tj ET Q q 0 0 0 rg BT 248.42 412.25 Td (ferent ) Tj ET Q q 0 0 0 rg BT 274.06 412.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 288.61 412.25 Td (authorities ) Tj ET Q q 0 0 0 rg BT 333.15 412.25 Td (on ) Tj ET Q q 0 0 0 rg BT 345.48 412.25 Td (an ) Tj ET Q q 0 0 0 rg BT 357.24 412.25 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 392.35 412.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 414.68 412.25 Td (and ) Tj ET Q q 0 0 0 rg BT 431.44 412.25 Td (the ) Tj ET Q q 0 0 0 rg BT 445.99 412.25 Td (outcome ) Tj ET Q q 0 0 0 rg BT 482.75 412.25 Td (of ) Tj ET Q q 0 0 0 rg BT 493.41 412.25 Td (such ) Tj ET Q q 0 0 0 rg BT 514.07 412.25 Td (audits ) Tj ET Q q 0 0 0 rg BT 540.28 412.25 Td (could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 400.25 Td (materially ) Tj ET Q q 0 0 0 rg BT 110.44 400.25 Td (af) Tj ET Q q 0 0 0 rg BT 118.02 400.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 135.41 400.25 Td (the ) Tj ET Q q 0 0 0 rg BT 150.02 400.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 182.42 400.25 Td (of ) Tj ET Q q 0 0 0 rg BT 193.15 400.25 Td (income ) Tj ET Q q 0 0 0 rg BT 224.98 400.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 239.60 400.25 Td (payable ) Tj ET Q q 0 0 0 rg BT 273.09 400.25 Td (or ) Tj ET Q q 0 0 0 rg BT 283.82 400.25 Td (receivable ) Tj ET Q q 0 0 0 rg BT 327.29 400.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 364.67 400.25 Td (on ) Tj ET Q q 0 0 0 rg BT 377.07 400.25 Td (its ) Tj ET Q q 0 0 0 rg BT 388.92 400.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 441.86 400.25 Td (balance ) Tj ET Q q 0 0 0 rg BT 474.79 400.25 Td (sheets ) Tj ET Q q 0 0 0 rg BT 501.63 400.25 Td (and ) Tj ET Q q 0 0 0 rg BT 518.46 400.25 Td (the ) Tj ET Q q 0 0 0 rg BT 533.08 400.25 Td (income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 388.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 81.52 388.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 115.54 388.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 152.32 388.25 Td (on ) Tj ET Q q 0 0 0 rg BT 164.12 388.25 Td (its ) Tj ET Q q 0 0 0 rg BT 175.38 388.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 227.72 388.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 271.74 388.25 Td (of ) Tj ET Q q 0 0 0 rg BT 281.88 388.25 Td (earnings. ) Tj ET Q q 0 0 0 rg BT 319.66 388.25 Td (Any ) Tj ET Q q 0 0 0 rg BT 338.69 388.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 358.26 388.25 Td (payment ) Tj ET Q q 0 0 0 rg BT 394.50 388.25 Td (or ) Tj ET Q q 0 0 0 rg BT 404.64 388.25 Td (receipt ) Tj ET Q q 0 0 0 rg BT 433.65 388.25 Td (resulting ) Tj ET Q q 0 0 0 rg BT 470.45 388.25 Td (from ) Tj ET Q q 0 0 0 rg BT 491.69 388.25 Td (such ) Tj ET Q q 0 0 0 rg BT 511.83 388.25 Td (audits ) Tj ET Q q 0 0 0 rg BT 537.52 388.25 Td (would ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 376.25 Td (have ) Tj ET Q q 0 0 0 rg BT 88.88 376.25 Td (an ) Tj ET Q q 0 0 0 rg BT 100.82 376.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 130.53 376.25 Td (on ) Tj ET Q q 0 0 0 rg BT 143.03 376.25 Td (the ) Tj ET Q q 0 0 0 rg BT 157.74 376.25 Td (Company) Tj ET Q q 0 0 0 rg BT 199.41 376.25 Td (s ) Tj ET Q q 0 0 0 rg BT 205.80 376.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 226.07 376.25 Td (resources ) Tj ET Q q 0 0 0 rg BT 266.33 376.25 Td (available ) Tj ET Q q 0 0 0 rg BT 304.92 376.25 Td (for ) Tj ET Q q 0 0 0 rg BT 319.08 376.25 Td (its ) Tj ET Q q 0 0 0 rg BT 331.03 376.25 Td (operations.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 67.50 358.25 Td (Litigation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 340.25 Td (Governmental, ) Tj ET Q q 0 0 0 rg BT 146.59 340.25 Td (legal ) Tj ET Q q 0 0 0 rg BT 167.41 340.25 Td (or ) Tj ET Q q 0 0 0 rg BT 177.12 340.25 Td (arbitration ) Tj ET Q q 0 0 0 rg BT 220.16 340.25 Td (proceedings ) Tj ET Q q 0 0 0 rg BT 269.86 340.25 Td (may ) Tj ET Q q 0 0 0 rg BT 288.46 340.25 Td (be ) Tj ET Q q 0 0 0 rg BT 299.29 340.25 Td (brought ) Tj ET Q q 0 0 0 rg BT 331.78 340.25 Td (or ) Tj ET Q q 0 0 0 rg BT 341.50 340.25 Td (threatened ) Tj ET Q q 0 0 0 rg BT 384.52 340.25 Td (against ) Tj ET Q q 0 0 0 rg BT 414.23 340.25 Td (the ) Tj ET Q q 0 0 0 rg BT 427.84 340.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 468.11 340.25 Td (in ) Tj ET Q q 0 0 0 rg BT 477.27 340.25 Td (the ) Tj ET Q q 0 0 0 rg BT 490.88 340.25 Td (future. ) Tj ET Q q 0 0 0 rg BT 518.64 340.25 Td (Regardless ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 328.25 Td (of ) Tj ET Q q 0 0 0 rg BT 77.88 328.25 Td (their ) Tj ET Q q 0 0 0 rg BT 98.25 328.25 Td (merit, ) Tj ET Q q 0 0 0 rg BT 123.90 328.25 Td (any ) Tj ET Q q 0 0 0 rg BT 140.38 328.25 Td (such ) Tj ET Q q 0 0 0 rg BT 160.76 328.25 Td (claims ) Tj ET Q q 0 0 0 rg BT 188.91 328.25 Td (could ) Tj ET Q q 0 0 0 rg BT 213.17 328.25 Td (be ) Tj ET Q q 0 0 0 rg BT 224.65 328.25 Td (time ) Tj ET Q q 0 0 0 rg BT 244.47 328.25 Td (consuming ) Tj ET Q q 0 0 0 rg BT 290.41 328.25 Td (and ) Tj ET Q q 0 0 0 rg BT 306.89 328.25 Td (expensive ) Tj ET Q q 0 0 0 rg BT 348.92 328.25 Td (to ) Tj ET Q q 0 0 0 rg BT 358.75 328.25 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 394.10 328.25 Td (and ) Tj ET Q q 0 0 0 rg BT 410.59 328.25 Td (defend, ) Tj ET Q q 0 0 0 rg BT 442.34 328.25 Td (divert ) Tj ET Q q 0 0 0 rg BT 467.71 328.25 Td (management) Tj ET Q q 0 0 0 rg BT 521.58 328.25 Td (s ) Tj ET Q q 0 0 0 rg BT 527.51 328.25 Td (attention ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 316.25 Td (and ) Tj ET Q q 0 0 0 rg BT 84.44 316.25 Td (focus ) Tj ET Q q 0 0 0 rg BT 108.60 316.25 Td (away ) Tj ET Q q 0 0 0 rg BT 132.20 316.25 Td (from ) Tj ET Q q 0 0 0 rg BT 154.14 316.25 Td (the ) Tj ET Q q 0 0 0 rg BT 168.85 316.25 Td (business ) Tj ET Q q 0 0 0 rg BT 205.24 316.25 Td (and ) Tj ET Q q 0 0 0 rg BT 222.18 316.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 253.01 316.25 Td (the ) Tj ET Q q 0 0 0 rg BT 267.72 316.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 309.11 316.25 Td (to ) Tj ET Q q 0 0 0 rg BT 319.39 316.25 Td (potentially ) Tj ET Q q 0 0 0 rg BT 364.66 316.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 409.37 316.25 Td (liabilities.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 67.50 298.25 Td (Acquisition ) Tj ET Q q 0 0 0 rg BT 117.24 298.25 Td (Strategy) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 280.25 Td (The ) Tj ET Q q 0 0 0 rg BT 103.56 280.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 144.95 280.25 Td (has ) Tj ET Q q 0 0 0 rg BT 160.79 280.25 Td (made ) Tj ET Q q 0 0 0 rg BT 184.96 280.25 Td (or ) Tj ET Q q 0 0 0 rg BT 195.80 280.25 Td (entered ) Tj ET Q q 0 0 0 rg BT 227.73 280.25 Td (into, ) Tj ET Q q 0 0 0 rg BT 248.30 280.25 Td (and ) Tj ET Q q 0 0 0 rg BT 265.25 280.25 Td (will ) Tj ET Q q 0 0 0 rg BT 283.31 280.25 Td (likely ) Tj ET Q q 0 0 0 rg BT 308.60 280.25 Td (continue ) Tj ET Q q 0 0 0 rg BT 345.54 280.25 Td (to ) Tj ET Q q 0 0 0 rg BT 355.83 280.25 Td (pursue, ) Tj ET Q q 0 0 0 rg BT 387.50 280.25 Td (various ) Tj ET Q q 0 0 0 rg BT 419.45 280.25 Td (acquisitions, ) Tj ET Q q 0 0 0 rg BT 472.23 280.25 Td (business ) Tj ET Q q 0 0 0 rg BT 508.63 280.25 Td (combinations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 268.25 Td (and ) Tj ET Q q 0 0 0 rg BT 85.16 268.25 Td (joint ) Tj ET Q q 0 0 0 rg BT 106.72 268.25 Td (ventures ) Tj ET Q q 0 0 0 rg BT 143.83 268.25 Td (intended ) Tj ET Q q 0 0 0 rg BT 181.48 268.25 Td (to ) Tj ET Q q 0 0 0 rg BT 192.49 268.25 Td (complement ) Tj ET Q q 0 0 0 rg BT 245.14 268.25 Td (or ) Tj ET Q q 0 0 0 rg BT 256.70 268.25 Td (expand ) Tj ET Q q 0 0 0 rg BT 288.80 268.25 Td (its ) Tj ET Q q 0 0 0 rg BT 301.47 268.25 Td (business. ) Tj ET Q q 0 0 0 rg BT 341.09 268.25 Td (DHX ) Tj ET Q q 0 0 0 rg BT 365.98 268.25 Td (believes ) Tj ET Q q 0 0 0 rg BT 401.97 268.25 Td (the ) Tj ET Q q 0 0 0 rg BT 417.41 268.25 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 464.52 268.25 Td (of ) Tj ET Q q 0 0 0 rg BT 476.07 268.25 Td (other ) Tj ET Q q 0 0 0 rg BT 499.84 268.25 Td (businesses ) Tj ET Q q 0 0 0 rg BT 545.29 268.25 Td (may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 256.25 Td (enhance ) Tj ET Q q 0 0 0 rg BT 102.38 256.25 Td (its ) Tj ET Q q 0 0 0 rg BT 113.96 256.25 Td (strategy ) Tj ET Q q 0 0 0 rg BT 147.75 256.25 Td (of ) Tj ET Q q 0 0 0 rg BT 158.21 256.25 Td (expanding ) Tj ET Q q 0 0 0 rg BT 201.99 256.25 Td (its ) Tj ET Q q 0 0 0 rg BT 213.57 256.25 Td (product ) Tj ET Q q 0 0 0 rg BT 246.25 256.25 Td (of) Tj ET Q q 0 0 0 rg BT 254.40 256.25 Td (ferings ) Tj ET Q q 0 0 0 rg BT 284.30 256.25 Td (and ) Tj ET Q q 0 0 0 rg BT 300.87 256.25 Td (customer ) Tj ET Q q 0 0 0 rg BT 339.65 256.25 Td (base. ) Tj ET Q q 0 0 0 rg BT 361.90 256.25 Td (The ) Tj ET Q q 0 0 0 rg BT 379.58 256.25 Td (successful ) Tj ET Q q 0 0 0 rg BT 422.80 256.25 Td (implementation ) Tj ET Q q 0 0 0 rg BT 487.70 256.25 Td (of ) Tj ET Q q 0 0 0 rg BT 498.16 256.25 Td (such ) Tj ET Q q 0 0 0 rg BT 518.62 256.25 Td (acquisition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 244.25 Td (strategy ) Tj ET Q q 0 0 0 rg BT 101.62 244.25 Td (depends ) Tj ET Q q 0 0 0 rg BT 136.85 244.25 Td (on ) Tj ET Q q 0 0 0 rg BT 149.31 244.25 Td (the ) Tj ET Q q 0 0 0 rg BT 163.99 244.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 211.04 244.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 239.05 244.25 Td (to ) Tj ET Q q 0 0 0 rg BT 249.29 244.25 Td (identify ) Tj ET Q q 0 0 0 rg BT 282.86 244.25 Td (suitable ) Tj ET Q q 0 0 0 rg BT 316.43 244.25 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 362.77 244.25 Td (candidates, ) Tj ET Q q 0 0 0 rg BT 409.94 244.25 Td (acquire ) Tj ET Q q 0 0 0 rg BT 441.83 244.25 Td (such ) Tj ET Q q 0 0 0 rg BT 462.62 244.25 Td (companies ) Tj ET Q q 0 0 0 rg BT 507.85 244.25 Td (on ) Tj ET Q q 0 0 0 rg BT 520.31 244.25 Td (acceptable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 232.25 Td (terms, ) Tj ET Q q 0 0 0 rg BT 95.15 232.25 Td (integrate ) Tj ET Q q 0 0 0 rg BT 133.06 232.25 Td (the ) Tj ET Q q 0 0 0 rg BT 148.21 232.25 Td (acquired ) Tj ET Q q 0 0 0 rg BT 185.57 232.25 Td (company's ) Tj ET Q q 0 0 0 rg BT 230.85 232.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 275.44 232.25 Td (and ) Tj ET Q q 0 0 0 rg BT 292.82 232.25 Td (technology ) Tj ET Q q 0 0 0 rg BT 340.18 232.25 Td (successfully ) Tj ET Q q 0 0 0 rg BT 391.99 232.25 Td (with ) Tj ET Q q 0 0 0 rg BT 412.71 232.25 Td (its ) Tj ET Q q 0 0 0 rg BT 425.09 232.25 Td (own ) Tj ET Q q 0 0 0 rg BT 445.24 232.25 Td (and ) Tj ET Q q 0 0 0 rg BT 462.61 232.25 Td (maintain ) Tj ET Q q 0 0 0 rg BT 500.54 232.25 Td (the ) Tj ET Q q 0 0 0 rg BT 515.69 232.25 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 554.18 232.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 220.25 Td (the ) Tj ET Q q 0 0 0 rg BT 81.90 220.25 Td (acquired ) Tj ET Q q 0 0 0 rg BT 118.52 220.25 Td (business. ) Tj ET Q q 0 0 0 rg BT 157.09 220.25 Td (DHX ) Tj ET Q q 0 0 0 rg BT 180.95 220.25 Td (is ) Tj ET Q q 0 0 0 rg BT 189.80 220.25 Td (unable ) Tj ET Q q 0 0 0 rg BT 218.65 220.25 Td (to ) Tj ET Q q 0 0 0 rg BT 228.61 220.25 Td (predict ) Tj ET Q q 0 0 0 rg BT 258.56 220.25 Td (whether ) Tj ET Q q 0 0 0 rg BT 292.96 220.25 Td (or ) Tj ET Q q 0 0 0 rg BT 303.48 220.25 Td (when ) Tj ET Q q 0 0 0 rg BT 327.32 220.25 Td (it ) Tj ET Q q 0 0 0 rg BT 335.07 220.25 Td (will ) Tj ET Q q 0 0 0 rg BT 352.81 220.25 Td (be ) Tj ET Q q 0 0 0 rg BT 364.44 220.25 Td (able ) Tj ET Q q 0 0 0 rg BT 383.28 220.25 Td (to ) Tj ET Q q 0 0 0 rg BT 393.25 220.25 Td (identify ) Tj ET Q q 0 0 0 rg BT 426.54 220.25 Td (any ) Tj ET Q q 0 0 0 rg BT 443.16 220.25 Td (suitable ) Tj ET Q q 0 0 0 rg BT 476.46 220.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 518.63 220.25 Td (acquisition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 208.25 Td (candidates ) Tj ET Q q 0 0 0 rg BT 112.90 208.25 Td (that ) Tj ET Q q 0 0 0 rg BT 131.10 208.25 Td (are ) Tj ET Q q 0 0 0 rg BT 146.51 208.25 Td (available ) Tj ET Q q 0 0 0 rg BT 185.80 208.25 Td (for ) Tj ET Q q 0 0 0 rg BT 200.66 208.25 Td (a ) Tj ET Q q 0 0 0 rg BT 208.30 208.25 Td (suitable ) Tj ET Q q 0 0 0 rg BT 242.61 208.25 Td (price, ) Tj ET Q q 0 0 0 rg BT 268.30 208.25 Td (or ) Tj ET Q q 0 0 0 rg BT 279.83 208.25 Td (the ) Tj ET Q q 0 0 0 rg BT 295.25 208.25 Td (likelihood ) Tj ET Q q 0 0 0 rg BT 339.00 208.25 Td (that ) Tj ET Q q 0 0 0 rg BT 357.20 208.25 Td (any ) Tj ET Q q 0 0 0 rg BT 374.84 208.25 Td (potential ) Tj ET Q q 0 0 0 rg BT 413.03 208.25 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 460.12 208.25 Td (will ) Tj ET Q q 0 0 0 rg BT 478.88 208.25 Td (be ) Tj ET Q q 0 0 0 rg BT 491.52 208.25 Td (completed. ) Tj ET Q q 0 0 0 rg BT 538.64 208.25 Td (When ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 196.25 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 111.47 196.25 Td (a ) Tj ET Q q 0 0 0 rg BT 118.22 196.25 Td (prospective ) Tj ET Q q 0 0 0 rg BT 166.63 196.25 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 212.83 196.25 Td (opportunity) Tj ET Q q 0 0 0 rg BT 258.85 196.25 Td (, ) Tj ET Q q 0 0 0 rg BT 263.66 196.25 Td (the ) Tj ET Q q 0 0 0 rg BT 278.20 196.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 319.40 196.25 Td (cannot ) Tj ET Q q 0 0 0 rg BT 348.37 196.25 Td (assure ) Tj ET Q q 0 0 0 rg BT 375.68 196.25 Td (that ) Tj ET Q q 0 0 0 rg BT 392.99 196.25 Td (it ) Tj ET Q q 0 0 0 rg BT 400.87 196.25 Td (will ) Tj ET Q q 0 0 0 rg BT 418.74 196.25 Td (correctly ) Tj ET Q q 0 0 0 rg BT 456.59 196.25 Td (identify ) Tj ET Q q 0 0 0 rg BT 490.01 196.25 Td (the ) Tj ET Q q 0 0 0 rg BT 504.54 196.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 526.86 196.25 Td (and ) Tj ET Q q 0 0 0 rg BT 543.62 196.25 Td (risks ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 184.25 Td (inherent ) Tj ET Q q 0 0 0 rg BT 103.73 184.25 Td (in ) Tj ET Q q 0 0 0 rg BT 114.97 184.25 Td (the ) Tj ET Q q 0 0 0 rg BT 130.65 184.25 Td (business ) Tj ET Q q 0 0 0 rg BT 168.01 184.25 Td (to ) Tj ET Q q 0 0 0 rg BT 179.25 184.25 Td (be ) Tj ET Q q 0 0 0 rg BT 192.15 184.25 Td (acquired. ) Tj ET Q q 0 0 0 rg BT 232.29 184.25 Td (The ) Tj ET Q q 0 0 0 rg BT 251.30 184.25 Td (scale ) Tj ET Q q 0 0 0 rg BT 274.75 184.25 Td (of ) Tj ET Q q 0 0 0 rg BT 286.55 184.25 Td (such ) Tj ET Q q 0 0 0 rg BT 308.34 184.25 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 355.69 184.25 Td (risks ) Tj ET Q q 0 0 0 rg BT 378.04 184.25 Td (will ) Tj ET Q q 0 0 0 rg BT 397.06 184.25 Td (be ) Tj ET Q q 0 0 0 rg BT 409.97 184.25 Td (related ) Tj ET Q q 0 0 0 rg BT 440.63 184.25 Td (to ) Tj ET Q q 0 0 0 rg BT 451.88 184.25 Td (the ) Tj ET Q q 0 0 0 rg BT 467.56 184.25 Td (size ) Tj ET Q q 0 0 0 rg BT 486.57 184.25 Td (of ) Tj ET Q q 0 0 0 rg BT 498.36 184.25 Td (the ) Tj ET Q q 0 0 0 rg BT 514.04 184.25 Td (company ) Tj ET Q q 0 0 0 rg BT 554.16 184.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 172.25 Td (companies ) Tj ET Q q 0 0 0 rg BT 112.51 172.25 Td (acquired ) Tj ET Q q 0 0 0 rg BT 149.19 172.25 Td (relative ) Tj ET Q q 0 0 0 rg BT 181.42 172.25 Td (to ) Tj ET Q q 0 0 0 rg BT 191.45 172.25 Td (that ) Tj ET Q q 0 0 0 rg BT 208.69 172.25 Td (of ) Tj ET Q q 0 0 0 rg BT 219.27 172.25 Td (DHX ) Tj ET Q q 0 0 0 rg BT 243.19 172.25 Td (at ) Tj ET Q q 0 0 0 rg BT 252.65 172.25 Td (the ) Tj ET Q q 0 0 0 rg BT 267.12 172.25 Td (time ) Tj ET Q q 0 0 0 rg BT 287.14 172.25 Td (of ) Tj ET Q q 0 0 0 rg BT 297.72 172.25 Td (acquisition, ) Tj ET Q q 0 0 0 rg BT 346.36 172.25 Td (and ) Tj ET Q q 0 0 0 rg BT 363.04 172.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 392.50 172.25 Td (tar) Tj ET Q q 0 0 0 rg BT 402.86 172.25 Td (get ) Tj ET Q q 0 0 0 rg BT 417.33 172.25 Td (companies ) Tj ET Q q 0 0 0 rg BT 462.34 172.25 Td (may ) Tj ET Q q 0 0 0 rg BT 481.81 172.25 Td (be ) Tj ET Q q 0 0 0 rg BT 493.50 172.25 Td (lar) Tj ET Q q 0 0 0 rg BT 503.86 172.25 Td (ger ) Tj ET Q q 0 0 0 rg BT 518.88 172.25 Td (than ) Tj ET Q q 0 0 0 rg BT 538.35 172.25 Td (DHX.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 154.25 Td (Growth ) Tj ET Q q 0 0 0 rg BT 118.58 154.25 Td (and ) Tj ET Q q 0 0 0 rg BT 135.54 154.25 Td (expansion ) Tj ET Q q 0 0 0 rg BT 178.61 154.25 Td (resulting ) Tj ET Q q 0 0 0 rg BT 216.13 154.25 Td (from ) Tj ET Q q 0 0 0 rg BT 238.09 154.25 Td (future ) Tj ET Q q 0 0 0 rg BT 264.49 154.25 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 314.79 154.25 Td (may ) Tj ET Q q 0 0 0 rg BT 334.53 154.25 Td (place ) Tj ET Q q 0 0 0 rg BT 358.14 154.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 402.88 154.25 Td (demand ) Tj ET Q q 0 0 0 rg BT 437.06 154.25 Td (on ) Tj ET Q q 0 0 0 rg BT 449.58 154.25 Td (the ) Tj ET Q q 0 0 0 rg BT 464.32 154.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 511.42 154.25 Td (management ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 142.25 Td (resources. ) Tj ET Q q 0 0 0 rg BT 109.95 142.25 Td (In ) Tj ET Q q 0 0 0 rg BT 120.47 142.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 157.94 142.25 Td (while ) Tj ET Q q 0 0 0 rg BT 182.34 142.25 Td (Management ) Tj ET Q q 0 0 0 rg BT 236.74 142.25 Td (believes ) Tj ET Q q 0 0 0 rg BT 271.69 142.25 Td (it ) Tj ET Q q 0 0 0 rg BT 279.44 142.25 Td (has ) Tj ET Q q 0 0 0 rg BT 294.96 142.25 Td (the ) Tj ET Q q 0 0 0 rg BT 309.37 142.25 Td (experience ) Tj ET Q q 0 0 0 rg BT 354.86 142.25 Td (and ) Tj ET Q q 0 0 0 rg BT 371.49 142.25 Td (know-how ) Tj ET Q q 0 0 0 rg BT 416.46 142.25 Td (to ) Tj ET Q q 0 0 0 rg BT 426.43 142.25 Td (integrate ) Tj ET Q q 0 0 0 rg BT 463.60 142.25 Td (acquisitions, ) Tj ET Q q 0 0 0 rg BT 516.06 142.25 Td (such ) Tj ET Q q 0 0 0 rg BT 536.59 142.25 Td (ef) Tj ET Q q 0 0 0 rg BT 544.17 142.25 Td (forts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 130.25 Td (entail ) Tj ET Q q 0 0 0 rg BT 91.53 130.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 135.57 130.25 Td (risks ) Tj ET Q q 0 0 0 rg BT 156.28 130.25 Td (including, ) Tj ET Q q 0 0 0 rg BT 198.37 130.25 Td (but ) Tj ET Q q 0 0 0 rg BT 212.97 130.25 Td (not ) Tj ET Q q 0 0 0 rg BT 227.57 130.25 Td (limited ) Tj ET Q q 0 0 0 rg BT 257.72 130.25 Td (to: ) Tj ET Q q 0 0 0 rg BT 270.10 130.25 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 283.02 130.25 Td (the ) Tj ET Q q 0 0 0 rg BT 297.06 130.25 Td (failure ) Tj ET Q q 0 0 0 rg BT 324.98 130.25 Td (to ) Tj ET Q q 0 0 0 rg BT 334.58 130.25 Td (integrate ) Tj ET Q q 0 0 0 rg BT 371.38 130.25 Td (successfully ) Tj ET Q q 0 0 0 rg BT 422.08 130.25 Td (the ) Tj ET Q q 0 0 0 rg BT 436.11 130.25 Td (personnel, ) Tj ET Q q 0 0 0 rg BT 479.31 130.25 Td (information ) Tj ET Q q 0 0 0 rg BT 528.34 130.25 Td (systems, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 118.25 Td (technology) Tj ET Q q 0 0 0 rg BT 111.28 118.25 Td (, ) Tj ET Q q 0 0 0 rg BT 116.99 118.25 Td (and ) Tj ET Q q 0 0 0 rg BT 134.64 118.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 179.50 118.25 Td (of ) Tj ET Q q 0 0 0 rg BT 191.04 118.25 Td (the ) Tj ET Q q 0 0 0 rg BT 206.46 118.25 Td (acquired ) Tj ET Q q 0 0 0 rg BT 244.09 118.25 Td (business; ) Tj ET Q q 0 0 0 rg BT 283.97 118.25 Td (\(b\) ) Tj ET Q q 0 0 0 rg BT 298.83 118.25 Td (the ) Tj ET Q q 0 0 0 rg BT 314.26 118.25 Td (potential ) Tj ET Q q 0 0 0 rg BT 352.46 118.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 371.22 118.25 Td (of ) Tj ET Q q 0 0 0 rg BT 382.76 118.25 Td (key ) Tj ET Q q 0 0 0 rg BT 400.41 118.25 Td (employees ) Tj ET Q q 0 0 0 rg BT 446.38 118.25 Td (or ) Tj ET Q q 0 0 0 rg BT 457.92 118.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 501.67 118.25 Td (from ) Tj ET Q q 0 0 0 rg BT 524.31 118.25 Td (either ) Tj ET Q q 0 0 0 rg BT 550.29 118.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 106.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 115.51 106.25 Td (current ) Tj ET Q q 0 0 0 rg BT 147.26 106.25 Td (business ) Tj ET Q q 0 0 0 rg BT 184.58 106.25 Td (or ) Tj ET Q q 0 0 0 rg BT 196.35 106.25 Td (the ) Tj ET Q q 0 0 0 rg BT 212.00 106.25 Td (business ) Tj ET Q q 0 0 0 rg BT 249.32 106.25 Td (of ) Tj ET Q q 0 0 0 rg BT 261.08 106.25 Td (the ) Tj ET Q q 0 0 0 rg BT 276.73 106.25 Td (acquired ) Tj ET Q q 0 0 0 rg BT 314.59 106.25 Td (company; ) Tj ET Q q 0 0 0 rg BT 357.46 106.25 Td (\(c\) ) Tj ET Q q 0 0 0 rg BT 371.99 106.25 Td (failure ) Tj ET Q q 0 0 0 rg BT 401.51 106.25 Td (to ) Tj ET Q q 0 0 0 rg BT 412.72 106.25 Td (maximize ) Tj ET Q q 0 0 0 rg BT 455.59 106.25 Td (the ) Tj ET Q q 0 0 0 rg BT 471.24 106.25 Td (potential ) Tj ET Q q 0 0 0 rg BT 509.66 106.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 548.07 106.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 94.25 Td (strategic ) Tj ET Q q 0 0 0 rg BT 103.52 94.25 Td (benefits ) Tj ET Q q 0 0 0 rg BT 137.32 94.25 Td (of ) Tj ET Q q 0 0 0 rg BT 147.80 94.25 Td (the ) Tj ET Q q 0 0 0 rg BT 162.16 94.25 Td (transaction; ) Tj ET Q q 0 0 0 rg BT 210.96 94.25 Td (\(d\) ) Tj ET Q q 0 0 0 rg BT 224.77 94.25 Td (the ) Tj ET Q q 0 0 0 rg BT 239.13 94.25 Td (failure ) Tj ET Q q 0 0 0 rg BT 267.38 94.25 Td (to ) Tj ET Q q 0 0 0 rg BT 277.30 94.25 Td (realize ) Tj ET Q q 0 0 0 rg BT 306.09 94.25 Td (the ) Tj ET Q q 0 0 0 rg BT 320.45 94.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 358.13 94.25 Td (syner) Tj ET Q q 0 0 0 rg BT 379.61 94.25 Td (gies ) Tj ET Q q 0 0 0 rg BT 397.87 94.25 Td (from ) Tj ET Q q 0 0 0 rg BT 419.45 94.25 Td (acquired ) Tj ET Q q 0 0 0 rg BT 456.03 94.25 Td (businesses; ) Tj ET Q q 0 0 0 rg BT 503.17 94.25 Td (\(e\) ) Tj ET Q q 0 0 0 rg BT 516.42 94.25 Td (impairment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 82.25 Td (of ) Tj ET Q q 0 0 0 rg BT 77.99 82.25 Td (goodwill; ) Tj ET Q q 0 0 0 rg BT 118.49 82.25 Td (\(f\) ) Tj ET Q q 0 0 0 rg BT 130.65 82.25 Td (reductions ) Tj ET Q q 0 0 0 rg BT 174.47 82.25 Td (in ) Tj ET Q q 0 0 0 rg BT 184.41 82.25 Td (future ) Tj ET Q q 0 0 0 rg BT 210.45 82.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 250.38 82.25 Td (results ) Tj ET Q q 0 0 0 rg BT 278.65 82.25 Td (from ) Tj ET Q q 0 0 0 rg BT 300.26 82.25 Td (amortization ) Tj ET Q q 0 0 0 rg BT 352.96 82.25 Td (of ) Tj ET Q q 0 0 0 rg BT 363.45 82.25 Td (intangible ) Tj ET Q q 0 0 0 rg BT 405.61 82.25 Td (assets; ) Tj ET Q q 0 0 0 rg BT 433.88 82.25 Td (\(g\) ) Tj ET Q q 0 0 0 rg BT 447.71 82.25 Td (the ) Tj ET Q q 0 0 0 rg BT 462.09 82.25 Td (assumption ) Tj ET Q q 0 0 0 rg BT 509.81 82.25 Td (of ) Tj ET Q q 0 0 0 rg BT 520.30 82.25 Td (significant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 70.25 Td (and/or ) Tj ET Q q 0 0 0 rg BT 95.55 70.25 Td (unknown ) Tj ET Q q 0 0 0 rg BT 135.27 70.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 174.99 70.25 Td (of ) Tj ET Q q 0 0 0 rg BT 185.82 70.25 Td (the ) Tj ET Q q 0 0 0 rg BT 200.53 70.25 Td (acquired ) Tj ET Q q 0 0 0 rg BT 237.46 70.25 Td (company; ) Tj ET Q q 0 0 0 rg BT 279.39 70.25 Td (and ) Tj ET Q q 0 0 0 rg BT 296.33 70.25 Td (\(h\) ) Tj ET Q q 0 0 0 rg BT 310.49 70.25 Td (the ) Tj ET Q q 0 0 0 rg BT 325.21 70.25 Td (diversion ) Tj ET Q q 0 0 0 rg BT 364.92 70.25 Td (of ) Tj ET Q q 0 0 0 rg BT 375.75 70.25 Td (Management) Tj ET Q q 0 0 0 rg BT 430.73 70.25 Td (s ) Tj ET Q q 0 0 0 rg BT 437.12 70.25 Td (time ) Tj ET Q q 0 0 0 rg BT 457.40 70.25 Td (and ) Tj ET Q q 0 0 0 rg BT 474.34 70.25 Td (resources. ) Tj ET Q endstream endobj 57 0 obj <> endobj 58 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6 0.6 0.6 rg BT 301.00 31.60 Td (28) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 85.50 742.10 Td (Future ) Tj ET Q q 0 0 0 rg BT 114.35 742.10 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 164.87 742.10 Td (are ) Tj ET Q q 0 0 0 rg BT 179.81 742.10 Td (accompanied ) Tj ET Q q 0 0 0 rg BT 235.30 742.10 Td (by ) Tj ET Q q 0 0 0 rg BT 248.05 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 263.00 742.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 280.75 742.10 Td (that ) Tj ET Q q 0 0 0 rg BT 298.48 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 313.44 742.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 360.63 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 377.81 742.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 417.77 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 428.84 742.10 Td (an ) Tj ET Q q 0 0 0 rg BT 441.02 742.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 478.18 742.10 Td (company ) Tj ET Q q 0 0 0 rg BT 517.58 742.10 Td (may ) Tj ET Q q 0 0 0 rg BT 537.54 742.10 Td (not ) Tj ET Q q 0 0 0 rg BT 553.06 742.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 730.10 Td (adequately ) Tj ET Q q 0 0 0 rg BT 112.55 730.10 Td (reflected ) Tj ET Q q 0 0 0 rg BT 149.27 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 158.79 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 172.75 730.10 Td (historical ) Tj ET Q q 0 0 0 rg BT 211.70 730.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 248.43 730.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 292.38 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 302.46 730.10 Td (such ) Tj ET Q q 0 0 0 rg BT 322.53 730.10 Td (company ) Tj ET Q q 0 0 0 rg BT 360.93 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 377.11 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 391.07 730.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 407.81 730.10 Td (that ) Tj ET Q q 0 0 0 rg BT 424.55 730.10 Td (such ) Tj ET Q q 0 0 0 rg BT 444.62 730.10 Td (historical ) Tj ET Q q 0 0 0 rg BT 483.58 730.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 520.30 730.10 Td (statements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 718.10 Td (may ) Tj ET Q q 0 0 0 rg BT 87.34 718.10 Td (be ) Tj ET Q q 0 0 0 rg BT 99.40 718.10 Td (based ) Tj ET Q q 0 0 0 rg BT 124.79 718.10 Td (on ) Tj ET Q q 0 0 0 rg BT 137.41 718.10 Td (assumptions, ) Tj ET Q q 0 0 0 rg BT 191.98 718.10 Td (which ) Tj ET Q q 0 0 0 rg BT 219.04 718.10 Td (are ) Tj ET Q q 0 0 0 rg BT 233.87 718.10 Td (incorrect ) Tj ET Q q 0 0 0 rg BT 272.03 718.10 Td (or ) Tj ET Q q 0 0 0 rg BT 282.98 718.10 Td (inconsistent ) Tj ET Q q 0 0 0 rg BT 333.37 718.10 Td (with ) Tj ET Q q 0 0 0 rg BT 353.77 718.10 Td (our ) Tj ET Q q 0 0 0 rg BT 369.73 718.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 421.80 718.10 Td (or ) Tj ET Q q 0 0 0 rg BT 432.75 718.10 Td (approach ) Tj ET Q q 0 0 0 rg BT 472.02 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 482.42 718.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 528.91 718.10 Td (policies. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 706.10 Td (In ) Tj ET Q q 0 0 0 rg BT 78.70 706.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 116.84 706.10 Td (such ) Tj ET Q q 0 0 0 rg BT 138.04 706.10 Td (future ) Tj ET Q q 0 0 0 rg BT 164.78 706.10 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 215.42 706.10 Td (could ) Tj ET Q q 0 0 0 rg BT 240.51 706.10 Td (involve ) Tj ET Q q 0 0 0 rg BT 273.37 706.10 Td (tangential ) Tj ET Q q 0 0 0 rg BT 315.67 706.10 Td (businesses ) Tj ET Q q 0 0 0 rg BT 360.76 706.10 Td (which ) Tj ET Q q 0 0 0 rg BT 388.06 706.10 Td (could ) Tj ET Q q 0 0 0 rg BT 413.15 706.10 Td (alter ) Tj ET Q q 0 0 0 rg BT 433.78 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 448.86 706.10 Td (strategy ) Tj ET Q q 0 0 0 rg BT 483.38 706.10 Td (and ) Tj ET Q q 0 0 0 rg BT 500.69 706.10 Td (direction ) Tj ET Q q 0 0 0 rg BT 539.10 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 550.30 706.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 694.10 Td (Company) Tj ET Q q 0 0 0 rg BT 105.74 694.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 676.10 Td (There ) Tj ET Q q 0 0 0 rg BT 110.07 676.10 Td (can ) Tj ET Q q 0 0 0 rg BT 125.20 676.10 Td (be ) Tj ET Q q 0 0 0 rg BT 135.89 676.10 Td (no ) Tj ET Q q 0 0 0 rg BT 147.14 676.10 Td (assurance ) Tj ET Q q 0 0 0 rg BT 187.26 676.10 Td (that ) Tj ET Q q 0 0 0 rg BT 203.50 676.10 Td (DHX ) Tj ET Q q 0 0 0 rg BT 226.42 676.10 Td (will ) Tj ET Q q 0 0 0 rg BT 243.23 676.10 Td (be ) Tj ET Q q 0 0 0 rg BT 253.92 676.10 Td (able ) Tj ET Q q 0 0 0 rg BT 271.82 676.10 Td (to ) Tj ET Q q 0 0 0 rg BT 280.85 676.10 Td (successfully ) Tj ET Q q 0 0 0 rg BT 330.98 676.10 Td (identify) Tj ET Q q 0 0 0 rg BT 361.44 676.10 Td (, ) Tj ET Q q 0 0 0 rg BT 365.19 676.10 Td (consummate ) Tj ET Q q 0 0 0 rg BT 416.98 676.10 Td (or ) Tj ET Q q 0 0 0 rg BT 426.56 676.10 Td (integrate ) Tj ET Q q 0 0 0 rg BT 462.79 676.10 Td (any ) Tj ET Q q 0 0 0 rg BT 478.48 676.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 514.73 676.10 Td (acquisitions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 664.10 Td (into ) Tj ET Q q 0 0 0 rg BT 86.31 664.10 Td (its ) Tj ET Q q 0 0 0 rg BT 99.02 664.10 Td (operations. ) Tj ET Q q 0 0 0 rg BT 146.44 664.10 Td (In ) Tj ET Q q 0 0 0 rg BT 158.02 664.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 196.56 664.10 Td (future ) Tj ET Q q 0 0 0 rg BT 223.69 664.10 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 274.72 664.10 Td (may ) Tj ET Q q 0 0 0 rg BT 295.20 664.10 Td (result ) Tj ET Q q 0 0 0 rg BT 320.67 664.10 Td (in ) Tj ET Q q 0 0 0 rg BT 331.71 664.10 Td (potentially ) Tj ET Q q 0 0 0 rg BT 377.74 664.10 Td (dilutive ) Tj ET Q q 0 0 0 rg BT 411.55 664.10 Td (issuances ) Tj ET Q q 0 0 0 rg BT 452.57 664.10 Td (of ) Tj ET Q q 0 0 0 rg BT 464.16 664.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 492.41 664.10 Td (securities, ) Tj ET Q q 0 0 0 rg BT 535.94 664.10 Td (have ) Tj ET Q q 0 0 0 rg BT 558.07 664.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 652.10 Td (negative ) Tj ET Q q 0 0 0 rg BT 103.87 652.10 Td (ef) Tj ET Q q 0 0 0 rg BT 111.46 652.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 128.94 652.10 Td (on ) Tj ET Q q 0 0 0 rg BT 141.44 652.10 Td (the ) Tj ET Q q 0 0 0 rg BT 156.16 652.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 203.24 652.10 Td (share ) Tj ET Q q 0 0 0 rg BT 226.83 652.10 Td (price, ) Tj ET Q q 0 0 0 rg BT 251.82 652.10 Td (or ) Tj ET Q q 0 0 0 rg BT 262.65 652.10 Td (may ) Tj ET Q q 0 0 0 rg BT 282.36 652.10 Td (result ) Tj ET Q q 0 0 0 rg BT 307.08 652.10 Td (in ) Tj ET Q q 0 0 0 rg BT 317.36 652.10 Td (the ) Tj ET Q q 0 0 0 rg BT 332.07 652.10 Td (incurrence ) Tj ET Q q 0 0 0 rg BT 376.76 652.10 Td (of ) Tj ET Q q 0 0 0 rg BT 387.59 652.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 407.31 652.10 Td (or ) Tj ET Q q 0 0 0 rg BT 418.14 652.10 Td (the ) Tj ET Q q 0 0 0 rg BT 432.85 652.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 485.89 652.10 Td (of ) Tj ET Q q 0 0 0 rg BT 496.72 652.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 535.32 652.10 Td (related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 640.10 Td (to ) Tj ET Q q 0 0 0 rg BT 78.44 640.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 121.59 640.10 Td (assets, ) Tj ET Q q 0 0 0 rg BT 150.58 640.10 Td (all ) Tj ET Q q 0 0 0 rg BT 163.73 640.10 Td (of ) Tj ET Q q 0 0 0 rg BT 175.22 640.10 Td (which ) Tj ET Q q 0 0 0 rg BT 202.82 640.10 Td (could ) Tj ET Q q 0 0 0 rg BT 228.19 640.10 Td (have ) Tj ET Q q 0 0 0 rg BT 250.23 640.10 Td (a ) Tj ET Q q 0 0 0 rg BT 257.83 640.10 Td (material ) Tj ET Q q 0 0 0 rg BT 293.75 640.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 327.44 640.10 Td (ef) Tj ET Q q 0 0 0 rg BT 335.03 640.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 353.17 640.10 Td (on ) Tj ET Q q 0 0 0 rg BT 366.33 640.10 Td (the ) Tj ET Q q 0 0 0 rg BT 381.71 640.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 429.45 640.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 469.00 640.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 507.14 640.10 Td (condition ) Tj ET Q q 0 0 0 rg BT 548.07 640.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 628.10 Td (results ) Tj ET Q q 0 0 0 rg BT 96.11 628.10 Td (of ) Tj ET Q q 0 0 0 rg BT 106.94 628.10 Td (operations.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 67.50 610.10 Td (Leverage) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 590.10 Td (DHX ) Tj ET Q q 0 0 0 rg BT 111.19 590.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 148.52 590.10 Td (a ) Tj ET Q q 0 0 0 rg BT 156.98 590.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 203.21 590.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 237.23 590.10 Td (of ) Tj ET Q q 0 0 0 rg BT 249.58 590.10 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 305.25 590.10 Td (in ) Tj ET Q q 0 0 0 rg BT 317.05 590.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 364.95 590.10 Td (with ) Tj ET Q q 0 0 0 rg BT 386.75 590.10 Td (the ) Tj ET Q q 0 0 0 rg BT 402.98 590.10 Td (completion ) Tj ET Q q 0 0 0 rg BT 451.99 590.10 Td (of ) Tj ET Q q 0 0 0 rg BT 464.34 590.10 Td (the ) Tj ET Q q 0 0 0 rg BT 480.58 590.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 528.48 590.10 Td (of ) Tj ET Q q 0 0 0 rg BT 540.83 590.10 Td (DHX ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 578.10 Td (T) Tj ET Q q 0 0 0 rg BT 72.91 578.10 Td (elevision, ) Tj ET Q q 0 0 0 rg BT 113.75 578.10 Td (the ) Tj ET Q q 0 0 0 rg BT 128.20 578.10 Td (Echo ) Tj ET Q q 0 0 0 rg BT 150.98 578.10 Td (Bridge ) Tj ET Q q 0 0 0 rg BT 180.43 578.10 Td (Library ) Tj ET Q q 0 0 0 rg BT 212.64 578.10 Td (and ) Tj ET Q q 0 0 0 rg BT 229.32 578.10 Td (Nerd ) Tj ET Q q 0 0 0 rg BT 251.54 578.10 Td (Corps. ) Tj ET Q q 0 0 0 rg BT 279.67 578.10 Td (As ) Tj ET Q q 0 0 0 rg BT 293.02 578.10 Td (of ) Tj ET Q q 0 0 0 rg BT 303.58 578.10 Td (June ) Tj ET Q q 0 0 0 rg BT 324.14 578.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 338.88 578.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 363.61 578.10 Td (DHX ) Tj ET Q q 0 0 0 rg BT 387.51 578.10 Td (had ) Tj ET Q q 0 0 0 rg BT 404.18 578.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 453.08 578.10 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 506.96 578.10 Td (\(including ) Tj ET Q q 0 0 0 rg BT 550.30 578.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 566.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 116.63 566.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 145.21 566.10 Td (Unsecured ) Tj ET Q q 0 0 0 rg BT 190.44 566.10 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 218.74 566.10 Td (the ) Tj ET Q q 0 0 0 rg BT 232.88 566.10 Td (Amended ) Tj ET Q q 0 0 0 rg BT 274.23 566.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 301.69 566.10 Td (Facilities ) Tj ET Q q 0 0 0 rg BT 340.82 566.10 Td (and ) Tj ET Q q 0 0 0 rg BT 357.73 566.10 Td (the ) Tj ET Q q 0 0 0 rg BT 372.42 566.10 Td (Company) Tj ET Q q 0 0 0 rg BT 414.08 566.10 Td (s ) Tj ET Q q 0 0 0 rg BT 420.44 566.10 Td (production ) Tj ET Q q 0 0 0 rg BT 466.24 566.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 491.47 566.10 Td (facilities\) ) Tj ET Q q 0 0 0 rg BT 531.70 566.10 Td (of ) Tj ET Q q 0 0 0 rg BT 542.50 566.10 Td ($390 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 554.10 Td (million. ) Tj ET Q q 0 0 0 rg BT 101.68 554.10 Td (The ) Tj ET Q q 0 0 0 rg BT 120.24 554.10 Td (Company) Tj ET Q q 0 0 0 rg BT 161.90 554.10 Td (s ) Tj ET Q q 0 0 0 rg BT 168.80 554.10 Td (degree ) Tj ET Q q 0 0 0 rg BT 198.45 554.10 Td (of ) Tj ET Q q 0 0 0 rg BT 209.79 554.10 Td (current ) Tj ET Q q 0 0 0 rg BT 241.12 554.10 Td (and ) Tj ET Q q 0 0 0 rg BT 258.56 554.10 Td (future ) Tj ET Q q 0 0 0 rg BT 285.45 554.10 Td (leverage, ) Tj ET Q q 0 0 0 rg BT 324.82 554.10 Td (particularly ) Tj ET Q q 0 0 0 rg BT 373.91 554.10 Td (if ) Tj ET Q q 0 0 0 rg BT 383.03 554.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 423.79 554.10 Td (to ) Tj ET Q q 0 0 0 rg BT 434.58 554.10 Td (complete ) Tj ET Q q 0 0 0 rg BT 474.24 554.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 512.23 554.10 Td (acquisitions, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 542.10 Td (could ) Tj ET Q q 0 0 0 rg BT 92.22 542.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 135.25 542.10 Td (and ) Tj ET Q q 0 0 0 rg BT 152.19 542.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 193.01 542.10 Td (af) Tj ET Q q 0 0 0 rg BT 200.60 542.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 218.08 542.10 Td (DHX ) Tj ET Q q 0 0 0 rg BT 242.25 542.10 Td (in ) Tj ET Q q 0 0 0 rg BT 252.52 542.10 Td (a ) Tj ET Q q 0 0 0 rg BT 259.46 542.10 Td (number ) Tj ET Q q 0 0 0 rg BT 292.51 542.10 Td (of ) Tj ET Q q 0 0 0 rg BT 303.34 542.10 Td (ways, ) Tj ET Q q 0 0 0 rg BT 328.89 542.10 Td (including:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 524.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 524.10 Td (limiting ) Tj ET Q q 0 0 0 rg BT 138.90 524.10 Td (the ) Tj ET Q q 0 0 0 rg BT 154.86 524.10 Td (Company) Tj ET Q q 0 0 0 rg BT 196.52 524.10 Td (s ) Tj ET Q q 0 0 0 rg BT 204.15 524.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 233.43 524.10 Td (to ) Tj ET Q q 0 0 0 rg BT 244.95 524.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 273.67 524.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 317.40 524.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 358.90 524.10 Td (for ) Tj ET Q q 0 0 0 rg BT 374.29 524.10 Td (working ) Tj ET Q q 0 0 0 rg BT 411.36 524.10 Td (capital, ) Tj ET Q q 0 0 0 rg BT 444.24 524.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 474.63 524.10 Td (expenditures, ) Tj ET Q q 0 0 0 rg BT 531.95 524.10 Td (product ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 512.10 Td (development, ) Tj ET Q q 0 0 0 rg BT 160.15 512.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 179.87 512.10 Td (service ) Tj ET Q q 0 0 0 rg BT 210.68 512.10 Td (requirements, ) Tj ET Q q 0 0 0 rg BT 267.88 512.10 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 318.16 512.10 Td (and ) Tj ET Q q 0 0 0 rg BT 335.10 512.10 Td (general ) Tj ET Q q 0 0 0 rg BT 367.02 512.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 407.27 512.10 Td (or ) Tj ET Q q 0 0 0 rg BT 418.10 512.10 Td (other ) Tj ET Q q 0 0 0 rg BT 441.15 512.10 Td (purposes; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 500.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 500.10 Td (restricting ) Tj ET Q q 0 0 0 rg BT 146.54 500.10 Td (the ) Tj ET Q q 0 0 0 rg BT 161.26 500.10 Td (Company) Tj ET Q q 0 0 0 rg BT 202.92 500.10 Td (s ) Tj ET Q q 0 0 0 rg BT 209.32 500.10 Td (flexibility ) Tj ET Q q 0 0 0 rg BT 251.25 500.10 Td (and ) Tj ET Q q 0 0 0 rg BT 268.19 500.10 Td (discretion ) Tj ET Q q 0 0 0 rg BT 310.13 500.10 Td (to ) Tj ET Q q 0 0 0 rg BT 320.40 500.10 Td (operate ) Tj ET Q q 0 0 0 rg BT 352.33 500.10 Td (its ) Tj ET Q q 0 0 0 rg BT 364.28 500.10 Td (business; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 488.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 488.10 Td (limiting ) Tj ET Q q 0 0 0 rg BT 137.67 488.10 Td (the ) Tj ET Q q 0 0 0 rg BT 152.39 488.10 Td (Company) Tj ET Q q 0 0 0 rg BT 194.05 488.10 Td (s ) Tj ET Q q 0 0 0 rg BT 200.44 488.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 228.50 488.10 Td (to ) Tj ET Q q 0 0 0 rg BT 238.77 488.10 Td (declare ) Tj ET Q q 0 0 0 rg BT 270.14 488.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 311.52 488.10 Td (on ) Tj ET Q q 0 0 0 rg BT 324.02 488.10 Td (its ) Tj ET Q q 0 0 0 rg BT 335.97 488.10 Td (Shares; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 476.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 476.10 Td (having ) Tj ET Q q 0 0 0 rg BT 133.18 476.10 Td (to ) Tj ET Q q 0 0 0 rg BT 143.43 476.10 Td (dedicate ) Tj ET Q q 0 0 0 rg BT 179.21 476.10 Td (a ) Tj ET Q q 0 0 0 rg BT 186.11 476.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 217.47 476.10 Td (of ) Tj ET Q q 0 0 0 rg BT 228.26 476.10 Td (the ) Tj ET Q q 0 0 0 rg BT 242.95 476.10 Td (Company) Tj ET Q q 0 0 0 rg BT 284.61 476.10 Td (s ) Tj ET Q q 0 0 0 rg BT 290.97 476.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 311.21 476.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 335.90 476.10 Td (from ) Tj ET Q q 0 0 0 rg BT 357.80 476.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 401.93 476.10 Td (to ) Tj ET Q q 0 0 0 rg BT 412.17 476.10 Td (the ) Tj ET Q q 0 0 0 rg BT 426.86 476.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 463.76 476.10 Td (of ) Tj ET Q q 0 0 0 rg BT 474.55 476.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 506.45 476.10 Td (on ) Tj ET Q q 0 0 0 rg BT 518.92 476.10 Td (its ) Tj ET Q q 0 0 0 rg BT 530.84 476.10 Td (existing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 464.10 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 157.20 464.10 Td (and ) Tj ET Q q 0 0 0 rg BT 173.68 464.10 Td (not ) Tj ET Q q 0 0 0 rg BT 188.50 464.10 Td (having ) Tj ET Q q 0 0 0 rg BT 217.75 464.10 Td (such ) Tj ET Q q 0 0 0 rg BT 238.12 464.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 257.93 464.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 282.20 464.10 Td (available ) Tj ET Q q 0 0 0 rg BT 320.33 464.10 Td (for ) Tj ET Q q 0 0 0 rg BT 334.03 464.10 Td (other ) Tj ET Q q 0 0 0 rg BT 356.62 464.10 Td (purposes, ) Tj ET Q q 0 0 0 rg BT 396.71 464.10 Td (including ) Tj ET Q q 0 0 0 rg BT 436.52 464.10 Td (operations, ) Tj ET Q q 0 0 0 rg BT 482.72 464.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 511.41 464.10 Td (expenditures ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 452.10 Td (and ) Tj ET Q q 0 0 0 rg BT 120.44 452.10 Td (future ) Tj ET Q q 0 0 0 rg BT 146.82 452.10 Td (business ) Tj ET Q q 0 0 0 rg BT 183.21 452.10 Td (opportunities; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 440.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 440.10 Td (exposing ) Tj ET Q q 0 0 0 rg BT 142.11 440.10 Td (the ) Tj ET Q q 0 0 0 rg BT 156.83 440.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 198.21 440.10 Td (to ) Tj ET Q q 0 0 0 rg BT 208.49 440.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 248.74 440.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 280.68 440.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 315.38 440.10 Td (on ) Tj ET Q q 0 0 0 rg BT 327.88 440.10 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 375.94 440.10 Td (at ) Tj ET Q q 0 0 0 rg BT 385.65 440.10 Td (variable ) Tj ET Q q 0 0 0 rg BT 420.36 440.10 Td (rates; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 428.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 428.10 Td (limiting ) Tj ET Q q 0 0 0 rg BT 137.67 428.10 Td (the ) Tj ET Q q 0 0 0 rg BT 152.39 428.10 Td (Company) Tj ET Q q 0 0 0 rg BT 194.05 428.10 Td (s ) Tj ET Q q 0 0 0 rg BT 200.44 428.10 Td (flexibility ) Tj ET Q q 0 0 0 rg BT 242.38 428.10 Td (to ) Tj ET Q q 0 0 0 rg BT 252.66 428.10 Td (plan ) Tj ET Q q 0 0 0 rg BT 272.38 428.10 Td (for) Tj ET Q q 0 0 0 rg BT 283.64 428.10 Td (, ) Tj ET Q q 0 0 0 rg BT 288.64 428.10 Td (or ) Tj ET Q q 0 0 0 rg BT 299.47 428.10 Td (react ) Tj ET Q q 0 0 0 rg BT 321.39 428.10 Td (to, ) Tj ET Q q 0 0 0 rg BT 334.17 428.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 368.88 428.10 Td (in ) Tj ET Q q 0 0 0 rg BT 379.15 428.10 Td (its ) Tj ET Q q 0 0 0 rg BT 391.10 428.10 Td (business ) Tj ET Q q 0 0 0 rg BT 427.49 428.10 Td (or ) Tj ET Q q 0 0 0 rg BT 438.32 428.10 Td (market ) Tj ET Q q 0 0 0 rg BT 468.59 428.10 Td (conditions; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 416.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 416.10 Td (placing ) Tj ET Q q 0 0 0 rg BT 135.43 416.10 Td (the ) Tj ET Q q 0 0 0 rg BT 150.15 416.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 191.54 416.10 Td (at ) Tj ET Q q 0 0 0 rg BT 201.25 416.10 Td (a ) Tj ET Q q 0 0 0 rg BT 208.19 416.10 Td (competitive ) Tj ET Q q 0 0 0 rg BT 257.90 416.10 Td (disadvantage ) Tj ET Q q 0 0 0 rg BT 312.60 416.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 354.53 416.10 Td (to ) Tj ET Q q 0 0 0 rg BT 364.80 416.10 Td (its ) Tj ET Q q 0 0 0 rg BT 376.75 416.10 Td (competitors ) Tj ET Q q 0 0 0 rg BT 426.46 416.10 Td (that ) Tj ET Q q 0 0 0 rg BT 443.96 416.10 Td (have ) Tj ET Q q 0 0 0 rg BT 465.34 416.10 Td (less ) Tj ET Q q 0 0 0 rg BT 482.84 416.10 Td (debt; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 404.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 404.10 Td (making ) Tj ET Q q 0 0 0 rg BT 135.56 404.10 Td (the ) Tj ET Q q 0 0 0 rg BT 149.83 404.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 190.78 404.10 Td (vulnerable ) Tj ET Q q 0 0 0 rg BT 235.04 404.10 Td (to ) Tj ET Q q 0 0 0 rg BT 244.88 404.10 Td (the ) Tj ET Q q 0 0 0 rg BT 259.16 404.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 288.43 404.10 Td (of ) Tj ET Q q 0 0 0 rg BT 298.82 404.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 331.42 404.10 Td (economic, ) Tj ET Q q 0 0 0 rg BT 374.85 404.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 409.69 404.10 Td (and ) Tj ET Q q 0 0 0 rg BT 426.19 404.10 Td (Company-specific ) Tj ET Q q 0 0 0 rg BT 501.56 404.10 Td (conditions; ) Tj ET Q q 0 0 0 rg BT 548.07 404.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 392.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 392.10 Td (making ) Tj ET Q q 0 0 0 rg BT 136.00 392.10 Td (the ) Tj ET Q q 0 0 0 rg BT 150.71 392.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 192.10 392.10 Td (unable ) Tj ET Q q 0 0 0 rg BT 221.25 392.10 Td (to ) Tj ET Q q 0 0 0 rg BT 231.53 392.10 Td (make ) Tj ET Q q 0 0 0 rg BT 255.69 392.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 284.84 392.10 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 338.43 392.10 Td (that ) Tj ET Q q 0 0 0 rg BT 355.93 392.10 Td (are ) Tj ET Q q 0 0 0 rg BT 370.63 392.10 Td (important ) Tj ET Q q 0 0 0 rg BT 412.02 392.10 Td (to ) Tj ET Q q 0 0 0 rg BT 422.29 392.10 Td (its ) Tj ET Q q 0 0 0 rg BT 434.24 392.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 465.07 392.10 Td (and ) Tj ET Q q 0 0 0 rg BT 482.01 392.10 Td (strategies.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 374.10 Td (In ) Tj ET Q q 0 0 0 rg BT 96.40 374.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 134.24 374.10 Td (the ) Tj ET Q q 0 0 0 rg BT 149.02 374.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 190.48 374.10 Td (may ) Tj ET Q q 0 0 0 rg BT 210.26 374.10 Td (not ) Tj ET Q q 0 0 0 rg BT 225.61 374.10 Td (be ) Tj ET Q q 0 0 0 rg BT 237.61 374.10 Td (able ) Tj ET Q q 0 0 0 rg BT 256.83 374.10 Td (to ) Tj ET Q q 0 0 0 rg BT 267.18 374.10 Td (generate ) Tj ET Q q 0 0 0 rg BT 303.61 374.10 Td (suf) Tj ET Q q 0 0 0 rg BT 315.65 374.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 343.76 374.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 364.10 374.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 388.89 374.10 Td (from ) Tj ET Q q 0 0 0 rg BT 410.89 374.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 455.11 374.10 Td (to ) Tj ET Q q 0 0 0 rg BT 465.46 374.10 Td (service ) Tj ET Q q 0 0 0 rg BT 496.34 374.10 Td (its ) Tj ET Q q 0 0 0 rg BT 508.36 374.10 Td (indebtedness, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 362.10 Td (in ) Tj ET Q q 0 0 0 rg BT 77.55 362.10 Td (which ) Tj ET Q q 0 0 0 rg BT 104.27 362.10 Td (case ) Tj ET Q q 0 0 0 rg BT 123.75 362.10 Td (it ) Tj ET Q q 0 0 0 rg BT 131.58 362.10 Td (may ) Tj ET Q q 0 0 0 rg BT 151.07 362.10 Td (be ) Tj ET Q q 0 0 0 rg BT 162.79 362.10 Td (required ) Tj ET Q q 0 0 0 rg BT 198.38 362.10 Td (to ) Tj ET Q q 0 0 0 rg BT 208.43 362.10 Td (sell ) Tj ET Q q 0 0 0 rg BT 224.59 362.10 Td (assets, ) Tj ET Q q 0 0 0 rg BT 252.70 362.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 281.62 362.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 310.55 362.10 Td (expenditures, ) Tj ET Q q 0 0 0 rg BT 366.42 362.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 395.34 362.10 Td (spending ) Tj ET Q q 0 0 0 rg BT 433.72 362.10 Td (on ) Tj ET Q q 0 0 0 rg BT 446.00 362.10 Td (new ) Tj ET Q q 0 0 0 rg BT 464.93 362.10 Td (production, ) Tj ET Q q 0 0 0 rg BT 513.03 362.10 Td (refinance ) Tj ET Q q 0 0 0 rg BT 552.50 362.10 Td (all ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 350.10 Td (or ) Tj ET Q q 0 0 0 rg BT 78.76 350.10 Td (a ) Tj ET Q q 0 0 0 rg BT 86.14 350.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 117.96 350.10 Td (of ) Tj ET Q q 0 0 0 rg BT 129.22 350.10 Td (its ) Tj ET Q q 0 0 0 rg BT 141.61 350.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 176.21 350.10 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 230.80 350.10 Td (or ) Tj ET Q q 0 0 0 rg BT 242.06 350.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 269.99 350.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 312.92 350.10 Td (financing, ) Tj ET Q q 0 0 0 rg BT 356.11 350.10 Td (any ) Tj ET Q q 0 0 0 rg BT 373.49 350.10 Td (of ) Tj ET Q q 0 0 0 rg BT 384.75 350.10 Td (which ) Tj ET Q q 0 0 0 rg BT 412.12 350.10 Td (would ) Tj ET Q q 0 0 0 rg BT 440.06 350.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 483.53 350.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 524.78 350.10 Td (af) Tj ET Q q 0 0 0 rg BT 532.37 350.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 550.29 350.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 338.10 Td (Company) Tj ET Q q 0 0 0 rg BT 109.17 338.10 Td (s ) Tj ET Q q 0 0 0 rg BT 115.56 338.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 159.71 338.10 Td (and ) Tj ET Q q 0 0 0 rg BT 176.65 338.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 204.70 338.10 Td (to ) Tj ET Q q 0 0 0 rg BT 214.98 338.10 Td (implement ) Tj ET Q q 0 0 0 rg BT 260.25 338.10 Td (its ) Tj ET Q q 0 0 0 rg BT 272.20 338.10 Td (business ) Tj ET Q q 0 0 0 rg BT 308.59 338.10 Td (strategy) Tj ET Q q 0 0 0 rg BT 339.59 338.10 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 67.50 318.10 Td (Covenants ) Tj ET Q q 0 0 0 rg BT 113.34 318.10 Td (in ) Tj ET Q q 0 0 0 rg BT 124.18 318.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 152.24 318.10 Td (Facilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 300.10 Td (The ) Tj ET Q q 0 0 0 rg BT 103.22 300.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 127.62 300.10 Td (of ) Tj ET Q q 0 0 0 rg BT 138.12 300.10 Td (the ) Tj ET Q q 0 0 0 rg BT 152.52 300.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 199.27 300.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 224.21 300.10 Td (facilities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 258.64 300.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.82 300.10 Td (and ) Tj ET Q q 0 0 0 rg BT 277.44 300.10 Td (trust ) Tj ET Q q 0 0 0 rg BT 297.39 300.10 Td (indenture ) Tj ET Q q 0 0 0 rg BT 337.33 300.10 Td (with ) Tj ET Q q 0 0 0 rg BT 357.29 300.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 387.78 300.10 Td (to ) Tj ET Q q 0 0 0 rg BT 397.73 300.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 446.58 300.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 474.86 300.10 Td (Unsecured ) Tj ET Q q 0 0 0 rg BT 519.80 300.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 545.30 300.10 Td (may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 288.10 Td (limit ) Tj ET Q q 0 0 0 rg BT 88.89 288.10 Td (the ) Tj ET Q q 0 0 0 rg BT 103.61 288.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 150.69 288.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 178.74 288.10 Td (to, ) Tj ET Q q 0 0 0 rg BT 191.52 288.10 Td (among ) Tj ET Q q 0 0 0 rg BT 221.24 288.10 Td (other ) Tj ET Q q 0 0 0 rg BT 244.28 288.10 Td (things:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 270.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 270.10 Td (incur ) Tj ET Q q 0 0 0 rg BT 144.55 270.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 187.04 270.10 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 241.19 270.10 Td (or ) Tj ET Q q 0 0 0 rg BT 252.02 270.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 296.73 270.10 Td (obligations;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 258.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 258.10 Td (sell ) Tj ET Q q 0 0 0 rg BT 137.89 258.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 182.60 258.10 Td (assets;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 246.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 246.10 Td (grant ) Tj ET Q q 0 0 0 rg BT 144.55 246.10 Td (liens; ) Tj ET Q q 0 0 0 rg BT 168.71 246.10 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 234.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 234.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 138.44 234.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 179.83 234.10 Td (in ) Tj ET Q q 0 0 0 rg BT 190.10 234.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 218.70 234.10 Td (of ) Tj ET Q q 0 0 0 rg BT 229.53 234.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 259.23 234.10 Td (thresholds.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 216.10 Td (The ) Tj ET Q q 0 0 0 rg BT 103.23 216.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 128.18 216.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 164.79 216.10 Td (require ) Tj ET Q q 0 0 0 rg BT 195.29 216.10 Td (the ) Tj ET Q q 0 0 0 rg BT 209.68 216.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 250.75 216.10 Td (to ) Tj ET Q q 0 0 0 rg BT 260.71 216.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 297.89 216.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 327.27 216.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 364.44 216.10 Td (ratios ) Tj ET Q q 0 0 0 rg BT 388.83 216.10 Td (and ) Tj ET Q q 0 0 0 rg BT 405.46 216.10 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 433.75 216.10 Td (other ) Tj ET Q q 0 0 0 rg BT 456.48 216.10 Td (non-financial ) Tj ET Q q 0 0 0 rg BT 511.97 216.10 Td (maintenance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 204.10 Td (covenants. ) Tj ET Q q 0 0 0 rg BT 113.73 204.10 Td (Compliance ) Tj ET Q q 0 0 0 rg BT 165.79 204.10 Td (with ) Tj ET Q q 0 0 0 rg BT 187.31 204.10 Td (these ) Tj ET Q q 0 0 0 rg BT 211.60 204.10 Td (covenants ) Tj ET Q q 0 0 0 rg BT 255.33 204.10 Td (and ) Tj ET Q q 0 0 0 rg BT 273.51 204.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 312.23 204.10 Td (ratios, ) Tj ET Q q 0 0 0 rg BT 340.69 204.10 Td (as ) Tj ET Q q 0 0 0 rg BT 352.77 204.10 Td (well ) Tj ET Q q 0 0 0 rg BT 373.73 204.10 Td (as ) Tj ET Q q 0 0 0 rg BT 385.80 204.10 Td (those ) Tj ET Q q 0 0 0 rg BT 410.65 204.10 Td (that ) Tj ET Q q 0 0 0 rg BT 429.39 204.10 Td (may ) Tj ET Q q 0 0 0 rg BT 450.35 204.10 Td (be ) Tj ET Q q 0 0 0 rg BT 463.53 204.10 Td (contained ) Tj ET Q q 0 0 0 rg BT 506.14 204.10 Td (in ) Tj ET Q q 0 0 0 rg BT 517.66 204.10 Td (future ) Tj ET Q q 0 0 0 rg BT 545.28 204.10 Td (debt ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 192.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 114.58 192.10 Td (may ) Tj ET Q q 0 0 0 rg BT 133.35 192.10 Td (impair ) Tj ET Q q 0 0 0 rg BT 161.01 192.10 Td (the ) Tj ET Q q 0 0 0 rg BT 174.78 192.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 220.91 192.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 248.02 192.10 Td (to ) Tj ET Q q 0 0 0 rg BT 257.35 192.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 288.33 192.10 Td (its ) Tj ET Q q 0 0 0 rg BT 299.33 192.10 Td (future ) Tj ET Q q 0 0 0 rg BT 324.76 192.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 367.96 192.10 Td (or ) Tj ET Q q 0 0 0 rg BT 377.85 192.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 406.05 192.10 Td (needs ) Tj ET Q q 0 0 0 rg BT 430.37 192.10 Td (or ) Tj ET Q q 0 0 0 rg BT 440.25 192.10 Td (to ) Tj ET Q q 0 0 0 rg BT 449.58 192.10 Td (take ) Tj ET Q q 0 0 0 rg BT 467.79 192.10 Td (advantage ) Tj ET Q q 0 0 0 rg BT 509.88 192.10 Td (of ) Tj ET Q q 0 0 0 rg BT 519.76 192.10 Td (favourable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 180.10 Td (business ) Tj ET Q q 0 0 0 rg BT 104.79 180.10 Td (opportunities. ) Tj ET Q q 0 0 0 rg BT 163.22 180.10 Td (The ) Tj ET Q q 0 0 0 rg BT 182.16 180.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 230.14 180.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 259.09 180.10 Td (to ) Tj ET Q q 0 0 0 rg BT 270.27 180.10 Td (comply ) Tj ET Q q 0 0 0 rg BT 303.66 180.10 Td (with ) Tj ET Q q 0 0 0 rg BT 324.84 180.10 Td (these ) Tj ET Q q 0 0 0 rg BT 348.78 180.10 Td (covenants ) Tj ET Q q 0 0 0 rg BT 392.17 180.10 Td (and ) Tj ET Q q 0 0 0 rg BT 410.00 180.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 448.38 180.10 Td (ratios ) Tj ET Q q 0 0 0 rg BT 474.00 180.10 Td (will ) Tj ET Q q 0 0 0 rg BT 492.95 180.10 Td (depend ) Tj ET Q q 0 0 0 rg BT 525.23 180.10 Td (on ) Tj ET Q q 0 0 0 rg BT 538.63 180.10 Td (future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 168.10 Td (performance, ) Tj ET Q q 0 0 0 rg BT 122.85 168.10 Td (which ) Tj ET Q q 0 0 0 rg BT 149.62 168.10 Td (may ) Tj ET Q q 0 0 0 rg BT 169.16 168.10 Td (be ) Tj ET Q q 0 0 0 rg BT 180.93 168.10 Td (af) Tj ET Q q 0 0 0 rg BT 188.52 168.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 215.27 168.10 Td (by ) Tj ET Q q 0 0 0 rg BT 227.60 168.10 Td (events ) Tj ET Q q 0 0 0 rg BT 255.47 168.10 Td (beyond ) Tj ET Q q 0 0 0 rg BT 287.24 168.10 Td (the ) Tj ET Q q 0 0 0 rg BT 301.78 168.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 348.69 168.10 Td (control. ) Tj ET Q q 0 0 0 rg BT 381.68 168.10 Td (The ) Tj ET Q q 0 0 0 rg BT 399.55 168.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 446.46 168.10 Td (failure ) Tj ET Q q 0 0 0 rg BT 474.88 168.10 Td (to ) Tj ET Q q 0 0 0 rg BT 484.99 168.10 Td (comply ) Tj ET Q q 0 0 0 rg BT 517.31 168.10 Td (with ) Tj ET Q q 0 0 0 rg BT 537.42 168.10 Td (any ) Tj ET Q q 0 0 0 rg BT 554.18 168.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 156.10 Td (these ) Tj ET Q q 0 0 0 rg BT 90.94 156.10 Td (covenants ) Tj ET Q q 0 0 0 rg BT 133.81 156.10 Td (or ) Tj ET Q q 0 0 0 rg BT 145.03 156.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 182.90 156.10 Td (ratios ) Tj ET Q q 0 0 0 rg BT 208.01 156.10 Td (may ) Tj ET Q q 0 0 0 rg BT 228.11 156.10 Td (result ) Tj ET Q q 0 0 0 rg BT 253.22 156.10 Td (in ) Tj ET Q q 0 0 0 rg BT 263.89 156.10 Td (a ) Tj ET Q q 0 0 0 rg BT 271.22 156.10 Td (default ) Tj ET Q q 0 0 0 rg BT 301.87 156.10 Td (under ) Tj ET Q q 0 0 0 rg BT 327.53 156.10 Td (the ) Tj ET Q q 0 0 0 rg BT 342.63 156.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 368.29 156.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 405.61 156.10 Td (and/or ) Tj ET Q q 0 0 0 rg BT 434.04 156.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 463.04 156.10 Td (Unsecured ) Tj ET Q q 0 0 0 rg BT 508.69 156.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 534.91 156.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 554.74 156.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 144.10 Td (some ) Tj ET Q q 0 0 0 rg BT 89.97 144.10 Td (cases, ) Tj ET Q q 0 0 0 rg BT 114.93 144.10 Td (the ) Tj ET Q q 0 0 0 rg BT 128.51 144.10 Td (acceleration ) Tj ET Q q 0 0 0 rg BT 178.17 144.10 Td (of ) Tj ET Q q 0 0 0 rg BT 187.86 144.10 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 240.88 144.10 Td (under ) Tj ET Q q 0 0 0 rg BT 265.01 144.10 Td (other ) Tj ET Q q 0 0 0 rg BT 286.92 144.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 334.95 144.10 Td (that ) Tj ET Q q 0 0 0 rg BT 351.30 144.10 Td (contain ) Tj ET Q q 0 0 0 rg BT 382.10 144.10 Td (cross-default ) Tj ET Q q 0 0 0 rg BT 435.11 144.10 Td (or ) Tj ET Q q 0 0 0 rg BT 444.80 144.10 Td (cross-acceleration ) Tj ET Q q 0 0 0 rg BT 518.34 144.10 Td (provisions. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 132.10 Td (In ) Tj ET Q q 0 0 0 rg BT 78.92 132.10 Td (the ) Tj ET Q q 0 0 0 rg BT 94.23 132.10 Td (event ) Tj ET Q q 0 0 0 rg BT 118.97 132.10 Td (of ) Tj ET Q q 0 0 0 rg BT 130.39 132.10 Td (a ) Tj ET Q q 0 0 0 rg BT 137.92 132.10 Td (default, ) Tj ET Q q 0 0 0 rg BT 171.27 132.10 Td (or ) Tj ET Q q 0 0 0 rg BT 182.69 132.10 Td (a ) Tj ET Q q 0 0 0 rg BT 190.22 132.10 Td (cross-default ) Tj ET Q q 0 0 0 rg BT 244.96 132.10 Td (or ) Tj ET Q q 0 0 0 rg BT 256.38 132.10 Td (cross-acceleration, ) Tj ET Q q 0 0 0 rg BT 334.14 132.10 Td (the ) Tj ET Q q 0 0 0 rg BT 349.45 132.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 391.43 132.10 Td (may ) Tj ET Q q 0 0 0 rg BT 411.73 132.10 Td (not ) Tj ET Q q 0 0 0 rg BT 427.60 132.10 Td (have ) Tj ET Q q 0 0 0 rg BT 449.57 132.10 Td (suf) Tj ET Q q 0 0 0 rg BT 461.61 132.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 490.24 132.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 515.55 132.10 Td (available ) Tj ET Q q 0 0 0 rg BT 554.73 132.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 120.10 Td (make ) Tj ET Q q 0 0 0 rg BT 91.65 120.10 Td (the ) Tj ET Q q 0 0 0 rg BT 106.36 120.10 Td (required ) Tj ET Q q 0 0 0 rg BT 142.17 120.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 182.99 120.10 Td (under ) Tj ET Q q 0 0 0 rg BT 208.25 120.10 Td (its ) Tj ET Q q 0 0 0 rg BT 220.19 120.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 239.91 120.10 Td (agreements. ) Tj ET Q q 0 0 0 rg BT 290.43 120.10 Td (If ) Tj ET Q q 0 0 0 rg BT 299.59 120.10 Td (the ) Tj ET Q q 0 0 0 rg BT 314.30 120.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 355.68 120.10 Td (is ) Tj ET Q q 0 0 0 rg BT 364.84 120.10 Td (unable ) Tj ET Q q 0 0 0 rg BT 393.99 120.10 Td (to ) Tj ET Q q 0 0 0 rg BT 404.26 120.10 Td (repay ) Tj ET Q q 0 0 0 rg BT 428.96 120.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 465.35 120.10 Td (owed ) Tj ET Q q 0 0 0 rg BT 489.50 120.10 Td (under ) Tj ET Q q 0 0 0 rg BT 514.76 120.10 Td (the ) Tj ET Q q 0 0 0 rg BT 529.47 120.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 554.18 120.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 108.10 Td (the ) Tj ET Q q 0 0 0 rg BT 82.65 108.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 108.34 108.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 152.92 108.10 Td (governing ) Tj ET Q q 0 0 0 rg BT 196.40 108.10 Td (any ) Tj ET Q q 0 0 0 rg BT 213.77 108.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 239.46 108.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 270.72 108.10 Td (that ) Tj ET Q q 0 0 0 rg BT 288.64 108.10 Td (it ) Tj ET Q q 0 0 0 rg BT 297.13 108.10 Td (may ) Tj ET Q q 0 0 0 rg BT 317.28 108.10 Td (enter ) Tj ET Q q 0 0 0 rg BT 340.20 108.10 Td (into ) Tj ET Q q 0 0 0 rg BT 358.69 108.10 Td (in ) Tj ET Q q 0 0 0 rg BT 369.40 108.10 Td (the ) Tj ET Q q 0 0 0 rg BT 384.55 108.10 Td (future, ) Tj ET Q q 0 0 0 rg BT 413.85 108.10 Td (those ) Tj ET Q q 0 0 0 rg BT 437.90 108.10 Td (lenders ) Tj ET Q q 0 0 0 rg BT 469.70 108.10 Td (may ) Tj ET Q q 0 0 0 rg BT 489.85 108.10 Td (be ) Tj ET Q q 0 0 0 rg BT 502.22 108.10 Td (entitled ) Tj ET Q q 0 0 0 rg BT 535.15 108.10 Td (to ) Tj ET Q q 0 0 0 rg BT 545.86 108.10 Td (take ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 96.10 Td (possession ) Tj ET Q q 0 0 0 rg BT 112.31 96.10 Td (of ) Tj ET Q q 0 0 0 rg BT 122.66 96.10 Td (the ) Tj ET Q q 0 0 0 rg BT 136.91 96.10 Td (collateral ) Tj ET Q q 0 0 0 rg BT 176.13 96.10 Td (securing ) Tj ET Q q 0 0 0 rg BT 212.03 96.10 Td (that ) Tj ET Q q 0 0 0 rg BT 229.05 96.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 259.40 96.10 Td (to ) Tj ET Q q 0 0 0 rg BT 269.20 96.10 Td (the ) Tj ET Q q 0 0 0 rg BT 283.44 96.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 309.90 96.10 Td (required ) Tj ET Q q 0 0 0 rg BT 345.24 96.10 Td (to ) Tj ET Q q 0 0 0 rg BT 355.05 96.10 Td (repay ) Tj ET Q q 0 0 0 rg BT 379.28 96.10 Td (those ) Tj ET Q q 0 0 0 rg BT 402.41 96.10 Td (borrowings. ) Tj ET Q q 0 0 0 rg BT 452.49 96.10 Td (In ) Tj ET Q q 0 0 0 rg BT 462.85 96.10 Td (such ) Tj ET Q q 0 0 0 rg BT 483.20 96.10 Td (event, ) Tj ET Q q 0 0 0 rg BT 509.38 96.10 Td (the ) Tj ET Q q 0 0 0 rg BT 523.62 96.10 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 84.10 Td (may ) Tj ET Q q 0 0 0 rg BT 87.22 84.10 Td (not ) Tj ET Q q 0 0 0 rg BT 102.50 84.10 Td (be ) Tj ET Q q 0 0 0 rg BT 114.43 84.10 Td (able ) Tj ET Q q 0 0 0 rg BT 133.59 84.10 Td (to ) Tj ET Q q 0 0 0 rg BT 143.87 84.10 Td (fully ) Tj ET Q q 0 0 0 rg BT 165.25 84.10 Td (repay ) Tj ET Q q 0 0 0 rg BT 189.96 84.10 Td (the ) Tj ET Q q 0 0 0 rg BT 204.68 84.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 229.94 84.10 Td (facility) Tj ET Q q 0 0 0 rg BT 257.61 84.10 Td (, ) Tj ET Q q 0 0 0 rg BT 262.61 84.10 Td (if ) Tj ET Q q 0 0 0 rg BT 271.22 84.10 Td (at ) Tj ET Q q 0 0 0 rg BT 280.94 84.10 Td (all.) Tj ET Q endstream endobj 59 0 obj <> endobj 60 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6 0.6 0.6 rg BT 301.00 31.60 Td (29) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 67.50 742.25 Td (Management ) Tj ET Q q 0 0 0 rg BT 124.45 742.25 Td (of ) Tj ET Q q 0 0 0 rg BT 135.28 742.25 Td (Expanding ) Tj ET Q q 0 0 0 rg BT 183.35 742.25 Td (Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 724.25 Td (As ) Tj ET Q q 0 0 0 rg BT 98.80 724.25 Td (a ) Tj ET Q q 0 0 0 rg BT 105.42 724.25 Td (result ) Tj ET Q q 0 0 0 rg BT 129.83 724.25 Td (of ) Tj ET Q q 0 0 0 rg BT 140.34 724.25 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 190.30 724.25 Td (completed ) Tj ET Q q 0 0 0 rg BT 234.14 724.25 Td (by ) Tj ET Q q 0 0 0 rg BT 246.33 724.25 Td (DHX, ) Tj ET Q q 0 0 0 rg BT 272.68 724.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 317.08 724.25 Td (demands ) Tj ET Q q 0 0 0 rg BT 354.81 724.25 Td (have ) Tj ET Q q 0 0 0 rg BT 375.88 724.25 Td (been ) Tj ET Q q 0 0 0 rg BT 396.94 724.25 Td (placed ) Tj ET Q q 0 0 0 rg BT 425.22 724.25 Td (on ) Tj ET Q q 0 0 0 rg BT 437.41 724.25 Td (the ) Tj ET Q q 0 0 0 rg BT 451.81 724.25 Td (managerial, ) Tj ET Q q 0 0 0 rg BT 500.91 724.25 Td (operational ) Tj ET Q q 0 0 0 rg BT 548.08 724.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 712.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 105.42 712.25 Td (personnel ) Tj ET Q q 0 0 0 rg BT 147.24 712.25 Td (and ) Tj ET Q q 0 0 0 rg BT 164.61 712.25 Td (systems ) Tj ET Q q 0 0 0 rg BT 199.22 712.25 Td (of ) Tj ET Q q 0 0 0 rg BT 210.49 712.25 Td (DHX. ) Tj ET Q q 0 0 0 rg BT 237.60 712.25 Td (No ) Tj ET Q q 0 0 0 rg BT 252.76 712.25 Td (assurance ) Tj ET Q q 0 0 0 rg BT 294.57 712.25 Td (can ) Tj ET Q q 0 0 0 rg BT 311.38 712.25 Td (be ) Tj ET Q q 0 0 0 rg BT 323.76 712.25 Td (given ) Tj ET Q q 0 0 0 rg BT 348.92 712.25 Td (that ) Tj ET Q q 0 0 0 rg BT 366.85 712.25 Td (DHX) Tj ET Q q 0 0 0 rg BT 391.29 712.25 Td (s ) Tj ET Q q 0 0 0 rg BT 398.13 712.25 Td (systems, ) Tj ET Q q 0 0 0 rg BT 435.23 712.25 Td (procedures ) Tj ET Q q 0 0 0 rg BT 482.04 712.25 Td (and ) Tj ET Q q 0 0 0 rg BT 499.42 712.25 Td (controls ) Tj ET Q q 0 0 0 rg BT 534.58 712.25 Td (will ) Tj ET Q q 0 0 0 rg BT 553.07 712.25 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 700.25 Td (adequate ) Tj ET Q q 0 0 0 rg BT 105.46 700.25 Td (to ) Tj ET Q q 0 0 0 rg BT 115.67 700.25 Td (support ) Tj ET Q q 0 0 0 rg BT 148.10 700.25 Td (the ) Tj ET Q q 0 0 0 rg BT 162.74 700.25 Td (expansion ) Tj ET Q q 0 0 0 rg BT 205.72 700.25 Td (of ) Tj ET Q q 0 0 0 rg BT 216.47 700.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 260.56 700.25 Td (of ) Tj ET Q q 0 0 0 rg BT 271.32 700.25 Td (DHX. ) Tj ET Q q 0 0 0 rg BT 297.73 700.25 Td (The ) Tj ET Q q 0 0 0 rg BT 315.71 700.25 Td (future ) Tj ET Q q 0 0 0 rg BT 342.01 700.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 382.21 700.25 Td (results ) Tj ET Q q 0 0 0 rg BT 410.74 700.25 Td (of ) Tj ET Q q 0 0 0 rg BT 421.50 700.25 Td (DHX ) Tj ET Q q 0 0 0 rg BT 445.59 700.25 Td (will ) Tj ET Q q 0 0 0 rg BT 463.58 700.25 Td (be ) Tj ET Q q 0 0 0 rg BT 475.44 700.25 Td (af) Tj ET Q q 0 0 0 rg BT 483.03 700.25 Td (fected ) Tj ET Q q 0 0 0 rg BT 509.88 700.25 Td (by ) Tj ET Q q 0 0 0 rg BT 522.31 700.25 Td (the ) Tj ET Q q 0 0 0 rg BT 536.96 700.25 Td (ability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 688.25 Td (of ) Tj ET Q q 0 0 0 rg BT 78.19 688.25 Td (its ) Tj ET Q q 0 0 0 rg BT 90.00 688.25 Td (of) Tj ET Q q 0 0 0 rg BT 98.15 688.25 Td (ficers ) Tj ET Q q 0 0 0 rg BT 122.72 688.25 Td (and ) Tj ET Q q 0 0 0 rg BT 139.53 688.25 Td (key ) Tj ET Q q 0 0 0 rg BT 156.33 688.25 Td (employees ) Tj ET Q q 0 0 0 rg BT 201.46 688.25 Td (to ) Tj ET Q q 0 0 0 rg BT 211.60 688.25 Td (manage ) Tj ET Q q 0 0 0 rg BT 245.05 688.25 Td (changing ) Tj ET Q q 0 0 0 rg BT 284.07 688.25 Td (business ) Tj ET Q q 0 0 0 rg BT 320.33 688.25 Td (conditions ) Tj ET Q q 0 0 0 rg BT 364.36 688.25 Td (and ) Tj ET Q q 0 0 0 rg BT 381.16 688.25 Td (to ) Tj ET Q q 0 0 0 rg BT 391.30 688.25 Td (implement ) Tj ET Q q 0 0 0 rg BT 436.43 688.25 Td (and ) Tj ET Q q 0 0 0 rg BT 453.23 688.25 Td (improve ) Tj ET Q q 0 0 0 rg BT 488.92 688.25 Td (its ) Tj ET Q q 0 0 0 rg BT 500.73 688.25 Td (operational ) Tj ET Q q 0 0 0 rg BT 548.08 688.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 676.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 104.12 676.25 Td (controls ) Tj ET Q q 0 0 0 rg BT 137.97 676.25 Td (and ) Tj ET Q q 0 0 0 rg BT 154.05 676.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 192.34 676.25 Td (systems. ) Tj ET Q q 0 0 0 rg BT 228.15 676.25 Td (If ) Tj ET Q q 0 0 0 rg BT 236.45 676.25 Td (DHX ) Tj ET Q q 0 0 0 rg BT 259.75 676.25 Td (is ) Tj ET Q q 0 0 0 rg BT 268.06 676.25 Td (unsuccessful ) Tj ET Q q 0 0 0 rg BT 320.80 676.25 Td (in ) Tj ET Q q 0 0 0 rg BT 330.21 676.25 Td (managing ) Tj ET Q q 0 0 0 rg BT 371.29 676.25 Td (such ) Tj ET Q q 0 0 0 rg BT 391.25 676.25 Td (demands ) Tj ET Q q 0 0 0 rg BT 428.44 676.25 Td (and ) Tj ET Q q 0 0 0 rg BT 444.52 676.25 Td (changing ) Tj ET Q q 0 0 0 rg BT 482.81 676.25 Td (business ) Tj ET Q q 0 0 0 rg BT 518.34 676.25 Td (conditions, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 664.25 Td (its ) Tj ET Q q 0 0 0 rg BT 79.45 664.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 116.93 664.25 Td (condition ) Tj ET Q q 0 0 0 rg BT 157.20 664.25 Td (and ) Tj ET Q q 0 0 0 rg BT 174.14 664.25 Td (results ) Tj ET Q q 0 0 0 rg BT 202.75 664.25 Td (of ) Tj ET Q q 0 0 0 rg BT 213.58 664.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 257.73 664.25 Td (could ) Tj ET Q q 0 0 0 rg BT 282.45 664.25 Td (be ) Tj ET Q q 0 0 0 rg BT 294.39 664.25 Td (materially ) Tj ET Q q 0 0 0 rg BT 337.43 664.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 378.24 664.25 Td (af) Tj ET Q q 0 0 0 rg BT 385.83 664.25 Td (fected.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 67.50 646.25 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 107.22 646.25 Td (Risk) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 628.25 Td (The ) Tj ET Q q 0 0 0 rg BT 104.66 628.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 152.86 628.25 Td (production ) Tj ET Q q 0 0 0 rg BT 199.80 628.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 238.95 628.25 Td (for ) Tj ET Q q 0 0 0 rg BT 254.22 628.25 Td (any ) Tj ET Q q 0 0 0 rg BT 272.28 628.25 Td (period ) Tj ET Q q 0 0 0 rg BT 301.44 628.25 Td (are ) Tj ET Q q 0 0 0 rg BT 317.26 628.25 Td (dependent ) Tj ET Q q 0 0 0 rg BT 361.97 628.25 Td (on ) Tj ET Q q 0 0 0 rg BT 375.58 628.25 Td (the ) Tj ET Q q 0 0 0 rg BT 391.41 628.25 Td (number ) Tj ET Q q 0 0 0 rg BT 425.58 628.25 Td (and ) Tj ET Q q 0 0 0 rg BT 443.63 628.25 Td (timing ) Tj ET Q q 0 0 0 rg BT 473.36 628.25 Td (of ) Tj ET Q q 0 0 0 rg BT 485.30 628.25 Td (film ) Tj ET Q q 0 0 0 rg BT 505.58 628.25 Td (and ) Tj ET Q q 0 0 0 rg BT 523.64 628.25 Td (television ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 616.25 Td (programs ) Tj ET Q q 0 0 0 rg BT 107.66 616.25 Td (delivered, ) Tj ET Q q 0 0 0 rg BT 149.75 616.25 Td (which ) Tj ET Q q 0 0 0 rg BT 176.58 616.25 Td (cannot ) Tj ET Q q 0 0 0 rg BT 205.62 616.25 Td (be ) Tj ET Q q 0 0 0 rg BT 217.45 616.25 Td (predicted ) Tj ET Q q 0 0 0 rg BT 257.04 616.25 Td (with ) Tj ET Q q 0 0 0 rg BT 277.21 616.25 Td (certainty) Tj ET Q q 0 0 0 rg BT 311.54 616.25 Td (. ) Tj ET Q q 0 0 0 rg BT 316.25 616.25 Td (The ) Tj ET Q q 0 0 0 rg BT 334.19 616.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 381.16 616.25 Td (film ) Tj ET Q q 0 0 0 rg BT 400.21 616.25 Td (and ) Tj ET Q q 0 0 0 rg BT 417.04 616.25 Td (television ) Tj ET Q q 0 0 0 rg BT 458.31 616.25 Td (distribution ) Tj ET Q q 0 0 0 rg BT 506.82 616.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 544.74 616.25 Td (vary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 604.25 Td (significantly ) Tj ET Q q 0 0 0 rg BT 119.19 604.25 Td (from ) Tj ET Q q 0 0 0 rg BT 140.32 604.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 170.33 604.25 Td (to ) Tj ET Q q 0 0 0 rg BT 179.81 604.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 209.82 604.25 Td (driven ) Tj ET Q q 0 0 0 rg BT 237.07 604.25 Td (by ) Tj ET Q q 0 0 0 rg BT 248.76 604.25 Td (contracted ) Tj ET Q q 0 0 0 rg BT 292.10 604.25 Td (deliveries ) Tj ET Q q 0 0 0 rg BT 332.67 604.25 Td (with ) Tj ET Q q 0 0 0 rg BT 352.14 604.25 Td (television ) Tj ET Q q 0 0 0 rg BT 392.72 604.25 Td (services. ) Tj ET Q q 0 0 0 rg BT 429.13 604.25 Td (Distribution ) Tj ET Q q 0 0 0 rg BT 479.16 604.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 516.39 604.25 Td (are ) Tj ET Q q 0 0 0 rg BT 530.30 604.25 Td (contract ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 592.25 Td (and ) Tj ET Q q 0 0 0 rg BT 84.13 592.25 Td (demand ) Tj ET Q q 0 0 0 rg BT 117.98 592.25 Td (driven ) Tj ET Q q 0 0 0 rg BT 145.71 592.25 Td (and ) Tj ET Q q 0 0 0 rg BT 162.34 592.25 Td (can ) Tj ET Q q 0 0 0 rg BT 178.41 592.25 Td (fluctuate ) Tj ET Q q 0 0 0 rg BT 215.58 592.25 Td (significantly ) Tj ET Q q 0 0 0 rg BT 267.77 592.25 Td (from ) Tj ET Q q 0 0 0 rg BT 289.40 592.25 Td (period ) Tj ET Q q 0 0 0 rg BT 317.13 592.25 Td (to ) Tj ET Q q 0 0 0 rg BT 327.10 592.25 Td (period. ) Tj ET Q q 0 0 0 rg BT 357.18 592.25 Td (The ) Tj ET Q q 0 0 0 rg BT 374.92 592.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 416.00 592.25 Td (manages ) Tj ET Q q 0 0 0 rg BT 453.18 592.25 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 489.26 592.25 Td (by ) Tj ET Q q 0 0 0 rg BT 501.45 592.25 Td (forecasting ) Tj ET Q q 0 0 0 rg BT 548.07 592.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 580.25 Td (monitoring ) Tj ET Q q 0 0 0 rg BT 113.44 580.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 152.69 580.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 171.96 580.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 195.67 580.25 Td (and ) Tj ET Q q 0 0 0 rg BT 211.60 580.25 Td (through ) Tj ET Q q 0 0 0 rg BT 244.20 580.25 Td (the ) Tj ET Q q 0 0 0 rg BT 257.91 580.25 Td (use ) Tj ET Q q 0 0 0 rg BT 272.74 580.25 Td (of ) Tj ET Q q 0 0 0 rg BT 282.56 580.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 310.70 580.25 Td (leases ) Tj ET Q q 0 0 0 rg BT 336.07 580.25 Td (and ) Tj ET Q q 0 0 0 rg BT 352.00 580.25 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 401.27 580.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 425.52 580.25 Td (facilities. ) Tj ET Q q 0 0 0 rg BT 463.62 580.25 Td (Any ) Tj ET Q q 0 0 0 rg BT 482.33 580.25 Td (failure ) Tj ET Q q 0 0 0 rg BT 509.92 580.25 Td (to ) Tj ET Q q 0 0 0 rg BT 519.19 580.25 Td (adequately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 568.25 Td (manage ) Tj ET Q q 0 0 0 rg BT 100.28 568.25 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 135.85 568.25 Td (could ) Tj ET Q q 0 0 0 rg BT 159.76 568.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 199.76 568.25 Td (af) Tj ET Q q 0 0 0 rg BT 207.34 568.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 224.01 568.25 Td (the ) Tj ET Q q 0 0 0 rg BT 237.92 568.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 284.18 568.25 Td (business ) Tj ET Q q 0 0 0 rg BT 319.76 568.25 Td (and ) Tj ET Q q 0 0 0 rg BT 335.88 568.25 Td (results ) Tj ET Q q 0 0 0 rg BT 363.67 568.25 Td (of ) Tj ET Q q 0 0 0 rg BT 373.69 568.25 Td (operations, ) Tj ET Q q 0 0 0 rg BT 419.53 568.25 Td (including ) Tj ET Q q 0 0 0 rg BT 458.98 568.25 Td (by ) Tj ET Q q 0 0 0 rg BT 470.67 568.25 Td (limiting ) Tj ET Q q 0 0 0 rg BT 504.02 568.25 Td (the ) Tj ET Q q 0 0 0 rg BT 517.92 568.25 Td (Company's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 556.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 94.61 556.25 Td (to ) Tj ET Q q 0 0 0 rg BT 103.96 556.25 Td (meet ) Tj ET Q q 0 0 0 rg BT 124.95 556.25 Td (its ) Tj ET Q q 0 0 0 rg BT 135.96 556.25 Td (working ) Tj ET Q q 0 0 0 rg BT 170.85 556.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 199.07 556.25 Td (needs, ) Tj ET Q q 0 0 0 rg BT 225.90 556.25 Td (make ) Tj ET Q q 0 0 0 rg BT 249.12 556.25 Td (necessary ) Tj ET Q q 0 0 0 rg BT 289.55 556.25 Td (or ) Tj ET Q q 0 0 0 rg BT 299.44 556.25 Td (desirable ) Tj ET Q q 0 0 0 rg BT 337.09 556.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 365.31 556.25 Td (expenditures, ) Tj ET Q q 0 0 0 rg BT 420.46 556.25 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 448.13 556.25 Td (its ) Tj ET Q q 0 0 0 rg BT 459.15 556.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 477.92 556.25 Td (service ) Tj ET Q q 0 0 0 rg BT 507.80 556.25 Td (requirements, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 544.25 Td (make ) Tj ET Q q 0 0 0 rg BT 91.72 544.25 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 142.06 544.25 Td (and ) Tj ET Q q 0 0 0 rg BT 159.06 544.25 Td (declare ) Tj ET Q q 0 0 0 rg BT 190.48 544.25 Td (dividends ) Tj ET Q q 0 0 0 rg BT 231.93 544.25 Td (on ) Tj ET Q q 0 0 0 rg BT 244.50 544.25 Td (its ) Tj ET Q q 0 0 0 rg BT 256.51 544.25 Td (Common ) Tj ET Q q 0 0 0 rg BT 296.30 544.25 Td (Shares. ) Tj ET Q q 0 0 0 rg BT 327.84 544.25 Td (There ) Tj ET Q q 0 0 0 rg BT 353.72 544.25 Td (can ) Tj ET Q q 0 0 0 rg BT 370.16 544.25 Td (be ) Tj ET Q q 0 0 0 rg BT 382.16 544.25 Td (no ) Tj ET Q q 0 0 0 rg BT 394.72 544.25 Td (assurance ) Tj ET Q q 0 0 0 rg BT 436.15 544.25 Td (that ) Tj ET Q q 0 0 0 rg BT 453.71 544.25 Td (the ) Tj ET Q q 0 0 0 rg BT 468.49 544.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 509.94 544.25 Td (will ) Tj ET Q q 0 0 0 rg BT 528.06 544.25 Td (continue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 532.25 Td (to ) Tj ET Q q 0 0 0 rg BT 76.82 532.25 Td (have ) Tj ET Q q 0 0 0 rg BT 97.23 532.25 Td (access ) Tj ET Q q 0 0 0 rg BT 124.31 532.25 Td (to ) Tj ET Q q 0 0 0 rg BT 133.62 532.25 Td (suf) Tj ET Q q 0 0 0 rg BT 145.66 532.25 Td (ficient ) Tj ET Q q 0 0 0 rg BT 172.74 532.25 Td (short ) Tj ET Q q 0 0 0 rg BT 194.28 532.25 Td (and ) Tj ET Q q 0 0 0 rg BT 210.26 532.25 Td (long ) Tj ET Q q 0 0 0 rg BT 229.58 532.25 Td (term ) Tj ET Q q 0 0 0 rg BT 249.44 532.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 277.63 532.25 Td (resources, ) Tj ET Q q 0 0 0 rg BT 319.42 532.25 Td (on ) Tj ET Q q 0 0 0 rg BT 330.96 532.25 Td (acceptable ) Tj ET Q q 0 0 0 rg BT 374.69 532.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 398.44 532.25 Td (or ) Tj ET Q q 0 0 0 rg BT 408.31 532.25 Td (at ) Tj ET Q q 0 0 0 rg BT 417.07 532.25 Td (all, ) Tj ET Q q 0 0 0 rg BT 431.10 532.25 Td (to ) Tj ET Q q 0 0 0 rg BT 440.42 532.25 Td (meet ) Tj ET Q q 0 0 0 rg BT 461.39 532.25 Td (its ) Tj ET Q q 0 0 0 rg BT 472.37 532.25 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 507.80 532.25 Td (requirements.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 67.50 514.25 Td (V) Tj ET Q q 0 0 0 rg BT 73.06 514.25 Td (olatile ) Tj ET Q q 0 0 0 rg BT 101.11 514.25 Td (Market ) Tj ET Q q 0 0 0 rg BT 133.61 514.25 Td (Price) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 496.25 Td (Securities ) Tj ET Q q 0 0 0 rg BT 127.08 496.25 Td (markets ) Tj ET Q q 0 0 0 rg BT 160.89 496.25 Td (have ) Tj ET Q q 0 0 0 rg BT 181.92 496.25 Td (a ) Tj ET Q q 0 0 0 rg BT 188.51 496.25 Td (high ) Tj ET Q q 0 0 0 rg BT 208.44 496.25 Td (level ) Tj ET Q q 0 0 0 rg BT 230.02 496.25 Td (of ) Tj ET Q q 0 0 0 rg BT 240.50 496.25 Td (price ) Tj ET Q q 0 0 0 rg BT 262.64 496.25 Td (and ) Tj ET Q q 0 0 0 rg BT 279.23 496.25 Td (volume ) Tj ET Q q 0 0 0 rg BT 311.37 496.25 Td (volatility) Tj ET Q q 0 0 0 rg BT 346.83 496.25 Td (, ) Tj ET Q q 0 0 0 rg BT 351.48 496.25 Td (and ) Tj ET Q q 0 0 0 rg BT 368.07 496.25 Td (the ) Tj ET Q q 0 0 0 rg BT 382.44 496.25 Td (market ) Tj ET Q q 0 0 0 rg BT 412.36 496.25 Td (price ) Tj ET Q q 0 0 0 rg BT 434.49 496.25 Td (of ) Tj ET Q q 0 0 0 rg BT 444.97 496.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 484.89 496.25 Td (of ) Tj ET Q q 0 0 0 rg BT 495.37 496.25 Td (many ) Tj ET Q q 0 0 0 rg BT 519.74 496.25 Td (companies ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 484.25 Td (have ) Tj ET Q q 0 0 0 rg BT 88.42 484.25 Td (experienced ) Tj ET Q q 0 0 0 rg BT 138.77 484.25 Td (wide ) Tj ET Q q 0 0 0 rg BT 160.25 484.25 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 209.51 484.25 Td (in ) Tj ET Q q 0 0 0 rg BT 219.33 484.25 Td (price ) Tj ET Q q 0 0 0 rg BT 241.36 484.25 Td (which ) Tj ET Q q 0 0 0 rg BT 267.84 484.25 Td (have ) Tj ET Q q 0 0 0 rg BT 288.77 484.25 Td (not ) Tj ET Q q 0 0 0 rg BT 303.59 484.25 Td (necessarily ) Tj ET Q q 0 0 0 rg BT 350.06 484.25 Td (been ) Tj ET Q q 0 0 0 rg BT 370.98 484.25 Td (related ) Tj ET Q q 0 0 0 rg BT 400.23 484.25 Td (to ) Tj ET Q q 0 0 0 rg BT 410.05 484.25 Td (the ) Tj ET Q q 0 0 0 rg BT 424.31 484.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 464.12 484.25 Td (performance, ) Tj ET Q q 0 0 0 rg BT 519.19 484.25 Td (underlying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 472.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 90.13 472.25 Td (values ) Tj ET Q q 0 0 0 rg BT 118.88 472.25 Td (or ) Tj ET Q q 0 0 0 rg BT 130.40 472.25 Td (prospects ) Tj ET Q q 0 0 0 rg BT 171.37 472.25 Td (of ) Tj ET Q q 0 0 0 rg BT 182.89 472.25 Td (such ) Tj ET Q q 0 0 0 rg BT 204.42 472.25 Td (companies. ) Tj ET Q q 0 0 0 rg BT 252.88 472.25 Td (Factors ) Tj ET Q q 0 0 0 rg BT 285.51 472.25 Td (unrelated ) Tj ET Q q 0 0 0 rg BT 325.91 472.25 Td (to ) Tj ET Q q 0 0 0 rg BT 336.88 472.25 Td (the ) Tj ET Q q 0 0 0 rg BT 352.30 472.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 390.47 472.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 444.19 472.25 Td (or ) Tj ET Q q 0 0 0 rg BT 455.72 472.25 Td (prospects ) Tj ET Q q 0 0 0 rg BT 496.68 472.25 Td (of ) Tj ET Q q 0 0 0 rg BT 508.21 472.25 Td (DHX ) Tj ET Q q 0 0 0 rg BT 533.07 472.25 Td (include ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 460.25 Td (macroeconomic ) Tj ET Q q 0 0 0 rg BT 135.07 460.25 Td (developments ) Tj ET Q q 0 0 0 rg BT 194.32 460.25 Td (in ) Tj ET Q q 0 0 0 rg BT 205.80 460.25 Td (North ) Tj ET Q q 0 0 0 rg BT 232.02 460.25 Td (America ) Tj ET Q q 0 0 0 rg BT 270.16 460.25 Td (and ) Tj ET Q q 0 0 0 rg BT 288.30 460.25 Td (globally) Tj ET Q q 0 0 0 rg BT 320.43 460.25 Td (, ) Tj ET Q q 0 0 0 rg BT 326.64 460.25 Td (and ) Tj ET Q q 0 0 0 rg BT 344.78 460.25 Td (market ) Tj ET Q q 0 0 0 rg BT 376.25 460.25 Td (perceptions ) Tj ET Q q 0 0 0 rg BT 426.06 460.25 Td (of ) Tj ET Q q 0 0 0 rg BT 438.10 460.25 Td (the ) Tj ET Q q 0 0 0 rg BT 454.02 460.25 Td (attractiveness ) Tj ET Q q 0 0 0 rg BT 512.15 460.25 Td (of ) Tj ET Q q 0 0 0 rg BT 524.19 460.25 Td (particular ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 448.25 Td (industries. ) Tj ET Q q 0 0 0 rg BT 110.51 448.25 Td (As ) Tj ET Q q 0 0 0 rg BT 123.71 448.25 Td (a ) Tj ET Q q 0 0 0 rg BT 130.23 448.25 Td (result ) Tj ET Q q 0 0 0 rg BT 154.54 448.25 Td (of ) Tj ET Q q 0 0 0 rg BT 164.95 448.25 Td (any ) Tj ET Q q 0 0 0 rg BT 181.47 448.25 Td (of ) Tj ET Q q 0 0 0 rg BT 191.89 448.25 Td (these ) Tj ET Q q 0 0 0 rg BT 214.52 448.25 Td (factors, ) Tj ET Q q 0 0 0 rg BT 246.31 448.25 Td (the ) Tj ET Q q 0 0 0 rg BT 260.61 448.25 Td (market ) Tj ET Q q 0 0 0 rg BT 290.46 448.25 Td (price ) Tj ET Q q 0 0 0 rg BT 312.53 448.25 Td (of ) Tj ET Q q 0 0 0 rg BT 322.95 448.25 Td (the ) Tj ET Q q 0 0 0 rg BT 337.25 448.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 377.10 448.25 Td (of ) Tj ET Q q 0 0 0 rg BT 387.51 448.25 Td (the ) Tj ET Q q 0 0 0 rg BT 401.82 448.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 442.79 448.25 Td (at ) Tj ET Q q 0 0 0 rg BT 452.09 448.25 Td (any ) Tj ET Q q 0 0 0 rg BT 468.61 448.25 Td (given ) Tj ET Q q 0 0 0 rg BT 492.91 448.25 Td (point ) Tj ET Q q 0 0 0 rg BT 515.56 448.25 Td (in ) Tj ET Q q 0 0 0 rg BT 525.42 448.25 Td (time ) Tj ET Q q 0 0 0 rg BT 545.28 448.25 Td (may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 436.25 Td (not ) Tj ET Q q 0 0 0 rg BT 82.78 436.25 Td (accurately ) Tj ET Q q 0 0 0 rg BT 126.36 436.25 Td (reflect ) Tj ET Q q 0 0 0 rg BT 154.39 436.25 Td (the ) Tj ET Q q 0 0 0 rg BT 169.11 436.25 Td (long ) Tj ET Q q 0 0 0 rg BT 189.38 436.25 Td (term ) Tj ET Q q 0 0 0 rg BT 210.21 436.25 Td (value ) Tj ET Q q 0 0 0 rg BT 234.37 436.25 Td (of ) Tj ET Q q 0 0 0 rg BT 245.20 436.25 Td (DHX.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 67.50 418.25 Td (Dividend ) Tj ET Q q 0 0 0 rg BT 107.22 418.25 Td (Payments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 400.25 Td (The ) Tj ET Q q 0 0 0 rg BT 103.33 400.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 144.49 400.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 182.87 400.25 Td (pays ) Tj ET Q q 0 0 0 rg BT 203.48 400.25 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 241.85 400.25 Td (dividends ) Tj ET Q q 0 0 0 rg BT 283.02 400.25 Td (on ) Tj ET Q q 0 0 0 rg BT 295.30 400.25 Td (its ) Tj ET Q q 0 0 0 rg BT 307.03 400.25 Td (Common ) Tj ET Q q 0 0 0 rg BT 346.54 400.25 Td (Shares ) Tj ET Q q 0 0 0 rg BT 375.48 400.25 Td (in ) Tj ET Q q 0 0 0 rg BT 385.53 400.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 421.70 400.25 Td (approved ) Tj ET Q q 0 0 0 rg BT 461.19 400.25 Td (by ) Tj ET Q q 0 0 0 rg BT 473.47 400.25 Td (the ) Tj ET Q q 0 0 0 rg BT 487.97 400.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 514.68 400.25 Td (of ) Tj ET Q q 0 0 0 rg BT 525.29 400.25 Td (Directors ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 388.25 Td (of ) Tj ET Q q 0 0 0 rg BT 77.67 388.25 Td (the ) Tj ET Q q 0 0 0 rg BT 91.73 388.25 Td (Company) Tj ET Q q 0 0 0 rg BT 129.97 388.25 Td (. ) Tj ET Q q 0 0 0 rg BT 134.18 388.25 Td (While ) Tj ET Q q 0 0 0 rg BT 160.45 388.25 Td (the ) Tj ET Q q 0 0 0 rg BT 174.51 388.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 215.24 388.25 Td (expects ) Tj ET Q q 0 0 0 rg BT 247.07 388.25 Td (to ) Tj ET Q q 0 0 0 rg BT 256.69 388.25 Td (continue ) Tj ET Q q 0 0 0 rg BT 292.97 388.25 Td (to ) Tj ET Q q 0 0 0 rg BT 302.59 388.25 Td (generate ) Tj ET Q q 0 0 0 rg BT 338.29 388.25 Td (suf) Tj ET Q q 0 0 0 rg BT 350.33 388.25 Td (ficient ) Tj ET Q q 0 0 0 rg BT 377.72 388.25 Td (free ) Tj ET Q q 0 0 0 rg BT 395.10 388.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 414.71 388.25 Td (flow ) Tj ET Q q 0 0 0 rg BT 434.88 388.25 Td (to ) Tj ET Q q 0 0 0 rg BT 444.50 388.25 Td (fund ) Tj ET Q q 0 0 0 rg BT 464.67 388.25 Td (such ) Tj ET Q q 0 0 0 rg BT 484.84 388.25 Td (dividend ) Tj ET Q q 0 0 0 rg BT 521.68 388.25 Td (payments, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 376.25 Td (if ) Tj ET Q q 0 0 0 rg BT 75.29 376.25 Td (actual ) Tj ET Q q 0 0 0 rg BT 100.85 376.25 Td (results ) Tj ET Q q 0 0 0 rg BT 128.65 376.25 Td (are ) Tj ET Q q 0 0 0 rg BT 142.54 376.25 Td (dif) Tj ET Q q 0 0 0 rg BT 153.47 376.25 Td (ferent ) Tj ET Q q 0 0 0 rg BT 178.47 376.25 Td (from ) Tj ET Q q 0 0 0 rg BT 199.59 376.25 Td (expectations ) Tj ET Q q 0 0 0 rg BT 251.26 376.25 Td (there ) Tj ET Q q 0 0 0 rg BT 272.93 376.25 Td (can ) Tj ET Q q 0 0 0 rg BT 288.49 376.25 Td (be ) Tj ET Q q 0 0 0 rg BT 299.62 376.25 Td (no ) Tj ET Q q 0 0 0 rg BT 311.31 376.25 Td (assurance ) Tj ET Q q 0 0 0 rg BT 351.86 376.25 Td (that ) Tj ET Q q 0 0 0 rg BT 368.54 376.25 Td (the ) Tj ET Q q 0 0 0 rg BT 382.44 376.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 423.02 376.25 Td (will ) Tj ET Q q 0 0 0 rg BT 440.26 376.25 Td (continue ) Tj ET Q q 0 0 0 rg BT 476.38 376.25 Td (its ) Tj ET Q q 0 0 0 rg BT 487.51 376.25 Td (dividend ) Tj ET Q q 0 0 0 rg BT 524.19 376.25 Td (payments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 364.25 Td (at ) Tj ET Q q 0 0 0 rg BT 77.22 364.25 Td (the ) Tj ET Q q 0 0 0 rg BT 91.93 364.25 Td (current ) Tj ET Q q 0 0 0 rg BT 122.75 364.25 Td (levels ) Tj ET Q q 0 0 0 rg BT 148.57 364.25 Td (or ) Tj ET Q q 0 0 0 rg BT 159.40 364.25 Td (at ) Tj ET Q q 0 0 0 rg BT 169.12 364.25 Td (all. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 67.50 346.25 Td (Economic ) Tj ET Q q 0 0 0 rg BT 111.67 346.25 Td (Conditions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 328.25 Td (DHX) Tj ET Q q 0 0 0 rg BT 109.94 328.25 Td (s ) Tj ET Q q 0 0 0 rg BT 116.23 328.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 154.16 328.25 Td (and ) Tj ET Q q 0 0 0 rg BT 170.99 328.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 211.14 328.25 Td (results ) Tj ET Q q 0 0 0 rg BT 239.64 328.25 Td (are ) Tj ET Q q 0 0 0 rg BT 254.24 328.25 Td (and ) Tj ET Q q 0 0 0 rg BT 271.07 328.25 Td (will ) Tj ET Q q 0 0 0 rg BT 289.02 328.25 Td (continue ) Tj ET Q q 0 0 0 rg BT 325.84 328.25 Td (to ) Tj ET Q q 0 0 0 rg BT 336.01 328.25 Td (be ) Tj ET Q q 0 0 0 rg BT 347.84 328.25 Td (influenced ) Tj ET Q q 0 0 0 rg BT 392.44 328.25 Td (by ) Tj ET Q q 0 0 0 rg BT 404.83 328.25 Td (prevailing ) Tj ET Q q 0 0 0 rg BT 447.76 328.25 Td (general ) Tj ET Q q 0 0 0 rg BT 479.58 328.25 Td (economic ) Tj ET Q q 0 0 0 rg BT 520.84 328.25 Td (conditions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 316.25 Td (in ) Tj ET Q q 0 0 0 rg BT 77.29 316.25 Td (particular ) Tj ET Q q 0 0 0 rg BT 117.61 316.25 Td (with ) Tj ET Q q 0 0 0 rg BT 137.40 316.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 167.73 316.25 Td (to ) Tj ET Q q 0 0 0 rg BT 177.51 316.25 Td (its ) Tj ET Q q 0 0 0 rg BT 188.97 316.25 Td (television ) Tj ET Q q 0 0 0 rg BT 229.87 316.25 Td (broadcasting ) Tj ET Q q 0 0 0 rg BT 282.97 316.25 Td (activities. ) Tj ET Q q 0 0 0 rg BT 323.58 316.25 Td (In ) Tj ET Q q 0 0 0 rg BT 333.92 316.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 363.13 316.25 Td (cases, ) Tj ET Q q 0 0 0 rg BT 388.74 316.25 Td (purchasers ) Tj ET Q q 0 0 0 rg BT 433.51 316.25 Td (of ) Tj ET Q q 0 0 0 rg BT 443.85 316.25 Td (the ) Tj ET Q q 0 0 0 rg BT 458.08 316.25 Td (DHX ) Tj ET Q q 0 0 0 rg BT 481.61 316.25 Td (T) Tj ET Q q 0 0 0 rg BT 487.02 316.25 Td (elevision ) Tj ET Q q 0 0 0 rg BT 525.14 316.25 Td (Business' ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 304.25 Td (advertising ) Tj ET Q q 0 0 0 rg BT 115.36 304.25 Td (inventories ) Tj ET Q q 0 0 0 rg BT 163.21 304.25 Td (may ) Tj ET Q q 0 0 0 rg BT 183.85 304.25 Td (reduce ) Tj ET Q q 0 0 0 rg BT 213.92 304.25 Td (their ) Tj ET Q q 0 0 0 rg BT 235.67 304.25 Td (advertising ) Tj ET Q q 0 0 0 rg BT 283.53 304.25 Td (budgets. ) Tj ET Q q 0 0 0 rg BT 320.56 304.25 Td (In ) Tj ET Q q 0 0 0 rg BT 332.31 304.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 371.01 304.25 Td (the ) Tj ET Q q 0 0 0 rg BT 386.65 304.25 Td (deterioration ) Tj ET Q q 0 0 0 rg BT 441.16 304.25 Td (of ) Tj ET Q q 0 0 0 rg BT 452.91 304.25 Td (economic ) Tj ET Q q 0 0 0 rg BT 495.21 304.25 Td (conditions ) Tj ET Q q 0 0 0 rg BT 540.29 304.25 Td (could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 292.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 108.48 292.25 Td (af) Tj ET Q q 0 0 0 rg BT 116.07 292.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 133.71 292.25 Td (payment ) Tj ET Q q 0 0 0 rg BT 170.81 292.25 Td (patterns ) Tj ET Q q 0 0 0 rg BT 205.13 292.25 Td (which ) Tj ET Q q 0 0 0 rg BT 232.23 292.25 Td (could ) Tj ET Q q 0 0 0 rg BT 257.11 292.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 292.52 292.25 Td (DHX) Tj ET Q q 0 0 0 rg BT 316.97 292.25 Td (s ) Tj ET Q q 0 0 0 rg BT 323.52 292.25 Td (bad ) Tj ET Q q 0 0 0 rg BT 340.62 292.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 360.50 292.25 Td (expense. ) Tj ET Q q 0 0 0 rg BT 397.87 292.25 Td (During ) Tj ET Q q 0 0 0 rg BT 428.87 292.25 Td (an ) Tj ET Q q 0 0 0 rg BT 440.97 292.25 Td (economic ) Tj ET Q q 0 0 0 rg BT 482.50 292.25 Td (downturn, ) Tj ET Q q 0 0 0 rg BT 525.99 292.25 Td (there ) Tj ET Q q 0 0 0 rg BT 548.64 292.25 Td (can ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 280.25 Td (be ) Tj ET Q q 0 0 0 rg BT 79.44 280.25 Td (no ) Tj ET Q q 0 0 0 rg BT 91.94 280.25 Td (assurance ) Tj ET Q q 0 0 0 rg BT 133.31 280.25 Td (that ) Tj ET Q q 0 0 0 rg BT 150.80 280.25 Td (DHX) Tj ET Q q 0 0 0 rg BT 175.24 280.25 Td (s ) Tj ET Q q 0 0 0 rg BT 181.64 280.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 221.90 280.25 Td (results, ) Tj ET Q q 0 0 0 rg BT 253.01 280.25 Td (prospects ) Tj ET Q q 0 0 0 rg BT 293.28 280.25 Td (and ) Tj ET Q q 0 0 0 rg BT 310.21 280.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 347.70 280.25 Td (condition ) Tj ET Q q 0 0 0 rg BT 387.97 280.25 Td (would ) Tj ET Q q 0 0 0 rg BT 415.47 280.25 Td (not ) Tj ET Q q 0 0 0 rg BT 430.75 280.25 Td (be ) Tj ET Q q 0 0 0 rg BT 442.69 280.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 483.50 280.25 Td (af) Tj ET Q q 0 0 0 rg BT 491.09 280.25 Td (fected.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 67.50 262.25 Td (Additional Costs of Listing on NASDAQ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 244.25 Td (In ) Tj ET Q q 0 0 0 rg BT 96.28 244.25 Td (connection ) Tj ET Q q 0 0 0 rg BT 142.59 244.25 Td (with ) Tj ET Q q 0 0 0 rg BT 162.82 244.25 Td (the ) Tj ET Q q 0 0 0 rg BT 177.48 244.25 Td (listing ) Tj ET Q q 0 0 0 rg BT 204.93 244.25 Td (of ) Tj ET Q q 0 0 0 rg BT 215.53 244.25 Td (V) Tj ET Q q 0 0 0 rg BT 221.64 244.25 Td (ariable ) Tj ET Q q 0 0 0 rg BT 251.11 244.25 Td (V) Tj ET Q q 0 0 0 rg BT 257.04 244.25 Td (oting ) Tj ET Q q 0 0 0 rg BT 280.05 244.25 Td (Shares ) Tj ET Q q 0 0 0 rg BT 309.15 244.25 Td (of ) Tj ET Q q 0 0 0 rg BT 319.93 244.25 Td (the ) Tj ET Q q 0 0 0 rg BT 334.59 244.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 375.92 244.25 Td (on ) Tj ET Q q 0 0 0 rg BT 388.37 244.25 Td (NASDAQ, ) Tj ET Q q 0 0 0 rg BT 434.98 244.25 Td (the ) Tj ET Q q 0 0 0 rg BT 449.64 244.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 490.98 244.25 Td (became ) Tj ET Q q 0 0 0 rg BT 523.95 244.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 554.72 244.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 232.25 Td (public ) Tj ET Q q 0 0 0 rg BT 94.66 232.25 Td (company ) Tj ET Q q 0 0 0 rg BT 133.48 232.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 172.30 232.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 218.91 232.25 Td (in ) Tj ET Q q 0 0 0 rg BT 228.85 232.25 Td (the ) Tj ET Q q 0 0 0 rg BT 243.23 232.25 Td (United ) Tj ET Q q 0 0 0 rg BT 272.61 232.25 Td (States. ) Tj ET Q q 0 0 0 rg BT 300.69 232.25 Td (As ) Tj ET Q q 0 0 0 rg BT 313.96 232.25 Td (a ) Tj ET Q q 0 0 0 rg BT 320.57 232.25 Td (public ) Tj ET Q q 0 0 0 rg BT 347.73 232.25 Td (company ) Tj ET Q q 0 0 0 rg BT 386.55 232.25 Td (in ) Tj ET Q q 0 0 0 rg BT 396.49 232.25 Td (the ) Tj ET Q q 0 0 0 rg BT 410.87 232.25 Td (United ) Tj ET Q q 0 0 0 rg BT 440.25 232.25 Td (States, ) Tj ET Q q 0 0 0 rg BT 468.80 232.25 Td (the ) Tj ET Q q 0 0 0 rg BT 483.18 232.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 524.24 232.25 Td (will ) Tj ET Q q 0 0 0 rg BT 541.96 232.25 Td (incur ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 220.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 111.80 220.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 153.89 220.25 Td (legal, ) Tj ET Q q 0 0 0 rg BT 177.91 220.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 223.88 220.25 Td (and ) Tj ET Q q 0 0 0 rg BT 240.41 220.25 Td (other ) Tj ET Q q 0 0 0 rg BT 263.05 220.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 301.24 220.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 342.75 220.25 Td (to ) Tj ET Q q 0 0 0 rg BT 352.62 220.25 Td (historical ) Tj ET Q q 0 0 0 rg BT 391.93 220.25 Td (levels. ) Tj ET Q q 0 0 0 rg BT 419.85 220.25 Td (In ) Tj ET Q q 0 0 0 rg BT 430.27 220.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 467.63 220.25 Td (new ) Tj ET Q q 0 0 0 rg BT 486.39 220.25 Td (and ) Tj ET Q q 0 0 0 rg BT 502.92 220.25 Td (changing ) Tj ET Q q 0 0 0 rg BT 541.67 220.25 Td (laws, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 208.25 Td (regulations ) Tj ET Q q 0 0 0 rg BT 113.43 208.25 Td (and ) Tj ET Q q 0 0 0 rg BT 129.37 208.25 Td (standards ) Tj ET Q q 0 0 0 rg BT 168.63 208.25 Td (relating ) Tj ET Q q 0 0 0 rg BT 200.67 208.25 Td (to ) Tj ET Q q 0 0 0 rg BT 209.94 208.25 Td (corporate ) Tj ET Q q 0 0 0 rg BT 249.19 208.25 Td (governance ) Tj ET Q q 0 0 0 rg BT 296.77 208.25 Td (and ) Tj ET Q q 0 0 0 rg BT 312.71 208.25 Td (public ) Tj ET Q q 0 0 0 rg BT 339.20 208.25 Td (disclosure, ) Tj ET Q q 0 0 0 rg BT 383.75 208.25 Td (including ) Tj ET Q q 0 0 0 rg BT 423.02 208.25 Td (the ) Tj ET Q q 0 0 0 rg BT 436.73 208.25 Td (Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 487.00 208.25 Td (W) Tj ET Q q 0 0 0 rg BT 495.64 208.25 Td (all ) Tj ET Q q 0 0 0 rg BT 507.13 208.25 Td (Street ) Tj ET Q q 0 0 0 rg BT 531.95 208.25 Td (Reform ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 196.25 Td (and ) Tj ET Q q 0 0 0 rg BT 84.30 196.25 Td (Consumer ) Tj ET Q q 0 0 0 rg BT 127.78 196.25 Td (Protection ) Tj ET Q q 0 0 0 rg BT 170.72 196.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 187.53 196.25 Td (and ) Tj ET Q q 0 0 0 rg BT 204.33 196.25 Td (the ) Tj ET Q q 0 0 0 rg BT 218.91 196.25 Td (rules ) Tj ET Q q 0 0 0 rg BT 240.71 196.25 Td (and ) Tj ET Q q 0 0 0 rg BT 257.52 196.25 Td (regulations ) Tj ET Q q 0 0 0 rg BT 304.32 196.25 Td (thereunder) Tj ET Q q 0 0 0 rg BT 346.67 196.25 Td (, ) Tj ET Q q 0 0 0 rg BT 351.53 196.25 Td (as ) Tj ET Q q 0 0 0 rg BT 362.23 196.25 Td (well ) Tj ET Q q 0 0 0 rg BT 381.81 196.25 Td (as ) Tj ET Q q 0 0 0 rg BT 392.50 196.25 Td (under ) Tj ET Q q 0 0 0 rg BT 417.64 196.25 Td (the ) Tj ET Q q 0 0 0 rg BT 432.22 196.25 Td (Sarbanes-Oxley ) Tj ET Q q 0 0 0 rg BT 497.93 196.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 514.73 196.25 Td (of ) Tj ET Q q 0 0 0 rg BT 525.43 196.25 Td (2002, ) Tj ET Q q 0 0 0 rg BT 550.29 196.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 184.25 Td (Jumpstart ) Tj ET Q q 0 0 0 rg BT 108.60 184.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 126.36 184.25 Td (Business ) Tj ET Q q 0 0 0 rg BT 164.13 184.25 Td (Startups ) Tj ET Q q 0 0 0 rg BT 198.63 184.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 215.28 184.25 Td (and ) Tj ET Q q 0 0 0 rg BT 231.93 184.25 Td (the ) Tj ET Q q 0 0 0 rg BT 246.36 184.25 Td (rules ) Tj ET Q q 0 0 0 rg BT 268.01 184.25 Td (and ) Tj ET Q q 0 0 0 rg BT 284.66 184.25 Td (regulations ) Tj ET Q q 0 0 0 rg BT 331.30 184.25 Td (of ) Tj ET Q q 0 0 0 rg BT 341.84 184.25 Td (the ) Tj ET Q q 0 0 0 rg BT 356.27 184.25 Td (SEC ) Tj ET Q q 0 0 0 rg BT 376.82 184.25 Td (and ) Tj ET Q q 0 0 0 rg BT 393.47 184.25 Td (NASDAQ, ) Tj ET Q q 0 0 0 rg BT 439.85 184.25 Td (may ) Tj ET Q q 0 0 0 rg BT 459.28 184.25 Td (result ) Tj ET Q q 0 0 0 rg BT 483.71 184.25 Td (in ) Tj ET Q q 0 0 0 rg BT 493.70 184.25 Td (an ) Tj ET Q q 0 0 0 rg BT 505.35 184.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 540.31 184.25 Td (in ) Tj ET Q q 0 0 0 rg BT 550.30 184.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 172.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 114.97 172.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 137.87 172.25 Td (and ) Tj ET Q q 0 0 0 rg BT 155.20 172.25 Td (the ) Tj ET Q q 0 0 0 rg BT 170.31 172.25 Td (time ) Tj ET Q q 0 0 0 rg BT 190.97 172.25 Td (that ) Tj ET Q q 0 0 0 rg BT 208.86 172.25 Td (the ) Tj ET Q q 0 0 0 rg BT 223.97 172.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 251.30 172.25 Td (and ) Tj ET Q q 0 0 0 rg BT 268.64 172.25 Td (management ) Tj ET Q q 0 0 0 rg BT 322.62 172.25 Td (of ) Tj ET Q q 0 0 0 rg BT 333.84 172.25 Td (the ) Tj ET Q q 0 0 0 rg BT 348.95 172.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 390.73 172.25 Td (must ) Tj ET Q q 0 0 0 rg BT 413.07 172.25 Td (devote ) Tj ET Q q 0 0 0 rg BT 442.62 172.25 Td (to ) Tj ET Q q 0 0 0 rg BT 453.29 172.25 Td (complying ) Tj ET Q q 0 0 0 rg BT 498.96 172.25 Td (with ) Tj ET Q q 0 0 0 rg BT 519.63 172.25 Td (these ) Tj ET Q q 0 0 0 rg BT 543.07 172.25 Td (rules ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 160.25 Td (and ) Tj ET Q q 0 0 0 rg BT 84.13 160.25 Td (regulations. ) Tj ET Q q 0 0 0 rg BT 133.09 160.25 Td (The ) Tj ET Q q 0 0 0 rg BT 150.83 160.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 191.91 160.25 Td (expects ) Tj ET Q q 0 0 0 rg BT 224.08 160.25 Td (these ) Tj ET Q q 0 0 0 rg BT 246.82 160.25 Td (rules ) Tj ET Q q 0 0 0 rg BT 268.45 160.25 Td (and ) Tj ET Q q 0 0 0 rg BT 285.08 160.25 Td (regulations ) Tj ET Q q 0 0 0 rg BT 331.70 160.25 Td (to ) Tj ET Q q 0 0 0 rg BT 341.67 160.25 Td (substantially ) Tj ET Q q 0 0 0 rg BT 394.41 160.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 429.35 160.25 Td (its ) Tj ET Q q 0 0 0 rg BT 440.99 160.25 Td (legal ) Tj ET Q q 0 0 0 rg BT 462.62 160.25 Td (and ) Tj ET Q q 0 0 0 rg BT 479.24 160.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 516.41 160.25 Td (compliance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 148.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 90.00 148.25 Td (and ) Tj ET Q q 0 0 0 rg BT 106.94 148.25 Td (to ) Tj ET Q q 0 0 0 rg BT 117.22 148.25 Td (divert ) Tj ET Q q 0 0 0 rg BT 143.04 148.25 Td (management ) Tj ET Q q 0 0 0 rg BT 196.63 148.25 Td (time ) Tj ET Q q 0 0 0 rg BT 216.90 148.25 Td (and ) Tj ET Q q 0 0 0 rg BT 233.84 148.25 Td (attention ) Tj ET Q q 0 0 0 rg BT 271.33 148.25 Td (from ) Tj ET Q q 0 0 0 rg BT 293.27 148.25 Td (the ) Tj ET Q q 0 0 0 rg BT 307.99 148.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 355.07 148.25 Td (product ) Tj ET Q q 0 0 0 rg BT 388.12 148.25 Td (development ) Tj ET Q q 0 0 0 rg BT 442.27 148.25 Td (and ) Tj ET Q q 0 0 0 rg BT 459.20 148.25 Td (other ) Tj ET Q q 0 0 0 rg BT 482.25 148.25 Td (business ) Tj ET Q q 0 0 0 rg BT 518.64 148.25 Td (activities.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 67.50 130.25 Td (Limited T) Tj ET Q q 0 0 0 rg BT 107.40 130.25 Td (rading V) Tj ET Q q 0 0 0 rg BT 142.69 130.25 Td (olume on NASDAQ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 110.25 Td (The ) Tj ET Q q 0 0 0 rg BT 103.79 110.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 150.91 110.25 Td (V) Tj ET Q q 0 0 0 rg BT 157.02 110.25 Td (ariable ) Tj ET Q q 0 0 0 rg BT 186.76 110.25 Td (V) Tj ET Q q 0 0 0 rg BT 192.69 110.25 Td (oting ) Tj ET Q q 0 0 0 rg BT 215.99 110.25 Td (Shares ) Tj ET Q q 0 0 0 rg BT 245.39 110.25 Td (began ) Tj ET Q q 0 0 0 rg BT 272.00 110.25 Td (trading ) Tj ET Q q 0 0 0 rg BT 303.07 110.25 Td (on ) Tj ET Q q 0 0 0 rg BT 315.80 110.25 Td (the ) Tj ET Q q 0 0 0 rg BT 330.76 110.25 Td (NASDAQ ) Tj ET Q q 0 0 0 rg BT 375.17 110.25 Td (on ) Tj ET Q q 0 0 0 rg BT 387.91 110.25 Td (June ) Tj ET Q q 0 0 0 rg BT 408.97 110.25 Td (23, ) Tj ET Q q 0 0 0 rg BT 424.21 110.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 449.45 110.25 Td (however) Tj ET Q q 0 0 0 rg BT 483.48 110.25 Td (, ) Tj ET Q q 0 0 0 rg BT 488.72 110.25 Td (trading ) Tj ET Q q 0 0 0 rg BT 519.78 110.25 Td (volume ) Tj ET Q q 0 0 0 rg BT 552.51 110.25 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 98.25 Td (the ) Tj ET Q q 0 0 0 rg BT 82.46 98.25 Td (NASDAQ ) Tj ET Q q 0 0 0 rg BT 126.88 98.25 Td (has ) Tj ET Q q 0 0 0 rg BT 142.96 98.25 Td (been ) Tj ET Q q 0 0 0 rg BT 164.58 98.25 Td (limited. ) Tj ET Q q 0 0 0 rg BT 197.96 98.25 Td (There ) Tj ET Q q 0 0 0 rg BT 224.02 98.25 Td (can ) Tj ET Q q 0 0 0 rg BT 240.64 98.25 Td (be ) Tj ET Q q 0 0 0 rg BT 252.83 98.25 Td (no ) Tj ET Q q 0 0 0 rg BT 265.58 98.25 Td (assurance ) Tj ET Q q 0 0 0 rg BT 307.19 98.25 Td (that ) Tj ET Q q 0 0 0 rg BT 324.93 98.25 Td (an ) Tj ET Q q 0 0 0 rg BT 337.12 98.25 Td (active ) Tj ET Q q 0 0 0 rg BT 363.73 98.25 Td (market ) Tj ET Q q 0 0 0 rg BT 394.25 98.25 Td (for ) Tj ET Q q 0 0 0 rg BT 408.65 98.25 Td (the ) Tj ET Q q 0 0 0 rg BT 423.62 98.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 470.74 98.25 Td (V) Tj ET Q q 0 0 0 rg BT 476.86 98.25 Td (ariable ) Tj ET Q q 0 0 0 rg BT 506.61 98.25 Td (V) Tj ET Q q 0 0 0 rg BT 512.54 98.25 Td (oting ) Tj ET Q q 0 0 0 rg BT 535.84 98.25 Td (Shares ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 86.25 Td (in ) Tj ET Q q 0 0 0 rg BT 77.41 86.25 Td (the ) Tj ET Q q 0 0 0 rg BT 91.75 86.25 Td (United ) Tj ET Q q 0 0 0 rg BT 121.10 86.25 Td (States ) Tj ET Q q 0 0 0 rg BT 147.11 86.25 Td (will ) Tj ET Q q 0 0 0 rg BT 164.79 86.25 Td (be ) Tj ET Q q 0 0 0 rg BT 176.36 86.25 Td (developed ) Tj ET Q q 0 0 0 rg BT 219.58 86.25 Td (or ) Tj ET Q q 0 0 0 rg BT 230.04 86.25 Td (sustained. ) Tj ET Q q 0 0 0 rg BT 271.89 86.25 Td (Holders ) Tj ET Q q 0 0 0 rg BT 305.67 86.25 Td (of ) Tj ET Q q 0 0 0 rg BT 315.98 86.25 Td (V) Tj ET Q q 0 0 0 rg BT 322.09 86.25 Td (ariable ) Tj ET Q q 0 0 0 rg BT 351.27 86.25 Td (V) Tj ET Q q 0 0 0 rg BT 357.20 86.25 Td (oting ) Tj ET Q q 0 0 0 rg BT 379.88 86.25 Td (Shares ) Tj ET Q q 0 0 0 rg BT 408.67 86.25 Td (may ) Tj ET Q q 0 0 0 rg BT 428.02 86.25 Td (be ) Tj ET Q q 0 0 0 rg BT 439.58 86.25 Td (unable ) Tj ET Q q 0 0 0 rg BT 468.37 86.25 Td (to ) Tj ET Q q 0 0 0 rg BT 478.27 86.25 Td (sell ) Tj ET Q q 0 0 0 rg BT 494.29 86.25 Td (their ) Tj ET Q q 0 0 0 rg BT 514.74 86.25 Td (investments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 74.25 Td (on ) Tj ET Q q 0 0 0 rg BT 80.62 74.25 Td (satisfactory ) Tj ET Q q 0 0 0 rg BT 129.83 74.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 155.17 74.25 Td (in ) Tj ET Q q 0 0 0 rg BT 166.07 74.25 Td (the ) Tj ET Q q 0 0 0 rg BT 181.41 74.25 Td (United ) Tj ET Q q 0 0 0 rg BT 211.74 74.25 Td (States. ) Tj ET Q q 0 0 0 rg BT 240.56 74.25 Td (As ) Tj ET Q q 0 0 0 rg BT 254.79 74.25 Td (a ) Tj ET Q q 0 0 0 rg BT 262.35 74.25 Td (result ) Tj ET Q q 0 0 0 rg BT 287.69 74.25 Td (of ) Tj ET Q q 0 0 0 rg BT 299.14 74.25 Td (any ) Tj ET Q q 0 0 0 rg BT 316.70 74.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 334.82 74.25 Td (factor ) Tj ET Q q 0 0 0 rg BT 361.25 74.25 Td (discussed ) Tj ET Q q 0 0 0 rg BT 402.71 74.25 Td (herein, ) Tj ET Q q 0 0 0 rg BT 433.31 74.25 Td (the ) Tj ET Q q 0 0 0 rg BT 448.65 74.25 Td (market ) Tj ET Q q 0 0 0 rg BT 479.53 74.25 Td (price ) Tj ET Q q 0 0 0 rg BT 502.64 74.25 Td (of ) Tj ET Q q 0 0 0 rg BT 514.09 74.25 Td (the ) Tj ET Q q 0 0 0 rg BT 529.20 74.25 Td (V) Tj ET Q q 0 0 0 rg BT 535.31 74.25 Td (ariable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 62.25 Td (V) Tj ET Q q 0 0 0 rg BT 73.43 62.25 Td (oting ) Tj ET Q q 0 0 0 rg BT 96.27 62.25 Td (Shares ) Tj ET Q q 0 0 0 rg BT 125.21 62.25 Td (or ) Tj ET Q q 0 0 0 rg BT 135.83 62.25 Td (Common ) Tj ET Q q 0 0 0 rg BT 175.17 62.25 Td (V) Tj ET Q q 0 0 0 rg BT 181.10 62.25 Td (oting ) Tj ET Q q 0 0 0 rg BT 203.94 62.25 Td (Shares ) Tj ET Q q 0 0 0 rg BT 232.89 62.25 Td (of ) Tj ET Q q 0 0 0 rg BT 243.50 62.25 Td (the ) Tj ET Q q 0 0 0 rg BT 258.00 62.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 299.17 62.25 Td (at ) Tj ET Q q 0 0 0 rg BT 308.67 62.25 Td (any ) Tj ET Q q 0 0 0 rg BT 325.39 62.25 Td (given ) Tj ET Q q 0 0 0 rg BT 349.89 62.25 Td (point ) Tj ET Q q 0 0 0 rg BT 372.73 62.25 Td (in ) Tj ET Q q 0 0 0 rg BT 382.79 62.25 Td (time ) Tj ET Q q 0 0 0 rg BT 402.85 62.25 Td (may ) Tj ET Q q 0 0 0 rg BT 422.34 62.25 Td (not ) Tj ET Q q 0 0 0 rg BT 437.41 62.25 Td (accurately ) Tj ET Q q 0 0 0 rg BT 480.77 62.25 Td (reflect ) Tj ET Q q 0 0 0 rg BT 508.58 62.25 Td (the ) Tj ET Q q 0 0 0 rg BT 523.08 62.25 Td (long-term ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 50.25 Td (value ) Tj ET Q q 0 0 0 rg BT 91.22 50.25 Td (of ) Tj ET Q q 0 0 0 rg BT 101.61 50.25 Td (the ) Tj ET Q q 0 0 0 rg BT 115.89 50.25 Td (Company) Tj ET Q q 0 0 0 rg BT 154.13 50.25 Td (. ) Tj ET Q q 0 0 0 rg BT 158.69 50.25 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 213.24 50.25 Td (responding ) Tj ET Q q 0 0 0 rg BT 259.74 50.25 Td (to ) Tj ET Q q 0 0 0 rg BT 269.58 50.25 Td (these ) Tj ET Q q 0 0 0 rg BT 292.19 50.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 309.26 50.25 Td (factors ) Tj ET Q q 0 0 0 rg BT 338.53 50.25 Td (could ) Tj ET Q q 0 0 0 rg BT 362.81 50.25 Td (result ) Tj ET Q q 0 0 0 rg BT 387.08 50.25 Td (in ) Tj ET Q q 0 0 0 rg BT 396.93 50.25 Td (substantial ) Tj ET Q q 0 0 0 rg BT 441.76 50.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 463.83 50.25 Td (and ) Tj ET Q q 0 0 0 rg BT 480.33 50.25 Td (divert ) Tj ET Q q 0 0 0 rg BT 505.72 50.25 Td (management's ) Tj ET Q endstream endobj 61 0 obj <> endobj 62 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6 0.6 0.6 rg BT 301.00 31.60 Td (30) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 67.50 742.10 Td (attention ) Tj ET Q q 0 0 0 rg BT 104.54 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 121.02 742.10 Td (resources. ) Tj ET Q q 0 0 0 rg BT 163.33 742.10 Td (Substantial ) Tj ET Q q 0 0 0 rg BT 209.81 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 226.30 742.10 Td (potentially ) Tj ET Q q 0 0 0 rg BT 271.11 742.10 Td (permanent ) Tj ET Q q 0 0 0 rg BT 315.36 742.10 Td (declines ) Tj ET Q q 0 0 0 rg BT 350.17 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 360.00 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 374.26 742.10 Td (value ) Tj ET Q q 0 0 0 rg BT 397.96 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 408.33 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 422.45 742.10 Td (V) Tj ET Q q 0 0 0 rg BT 428.56 742.10 Td (ariable ) Tj ET Q q 0 0 0 rg BT 457.66 742.10 Td (V) Tj ET Q q 0 0 0 rg BT 463.60 742.10 Td (oting ) Tj ET Q q 0 0 0 rg BT 486.20 742.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 514.90 742.10 Td (or ) Tj ET Q q 0 0 0 rg BT 525.28 742.10 Td (Common ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 730.10 Td (V) Tj ET Q q 0 0 0 rg BT 73.43 730.10 Td (oting ) Tj ET Q q 0 0 0 rg BT 96.49 730.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 125.65 730.10 Td (may ) Tj ET Q q 0 0 0 rg BT 145.37 730.10 Td (result.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 712.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 110.13 712.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 139.19 712.10 Td (unrelated ) Tj ET Q q 0 0 0 rg BT 178.26 712.10 Td (to ) Tj ET Q q 0 0 0 rg BT 187.89 712.10 Td (the ) Tj ET Q q 0 0 0 rg BT 201.97 712.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 254.35 712.10 Td (of ) Tj ET Q q 0 0 0 rg BT 264.54 712.10 Td (the ) Tj ET Q q 0 0 0 rg BT 278.62 712.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 319.36 712.10 Td (that ) Tj ET Q q 0 0 0 rg BT 336.22 712.10 Td (may ) Tj ET Q q 0 0 0 rg BT 355.29 712.10 Td (have ) Tj ET Q q 0 0 0 rg BT 376.03 712.10 Td (an ) Tj ET Q q 0 0 0 rg BT 387.33 712.10 Td (ef) Tj ET Q q 0 0 0 rg BT 394.92 712.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 411.76 712.10 Td (on ) Tj ET Q q 0 0 0 rg BT 423.62 712.10 Td (the ) Tj ET Q q 0 0 0 rg BT 437.70 712.10 Td (price ) Tj ET Q q 0 0 0 rg BT 459.54 712.10 Td (and ) Tj ET Q q 0 0 0 rg BT 475.84 712.10 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 511.59 712.10 Td (of ) Tj ET Q q 0 0 0 rg BT 521.78 712.10 Td (the ) Tj ET Q q 0 0 0 rg BT 535.86 712.10 Td (Shares ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 700.10 Td (include: ) Tj ET Q q 0 0 0 rg BT 102.35 700.10 Td (the ) Tj ET Q q 0 0 0 rg BT 117.21 700.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 144.29 700.10 Td (of ) Tj ET Q q 0 0 0 rg BT 155.26 700.10 Td (analytical ) Tj ET Q q 0 0 0 rg BT 196.77 700.10 Td (coverage; ) Tj ET Q q 0 0 0 rg BT 238.27 700.10 Td (lessening ) Tj ET Q q 0 0 0 rg BT 278.13 700.10 Td (in ) Tj ET Q q 0 0 0 rg BT 288.55 700.10 Td (trading ) Tj ET Q q 0 0 0 rg BT 319.52 700.10 Td (volume ) Tj ET Q q 0 0 0 rg BT 352.15 700.10 Td (and ) Tj ET Q q 0 0 0 rg BT 369.23 700.10 Td (general ) Tj ET Q q 0 0 0 rg BT 401.30 700.10 Td (market ) Tj ET Q q 0 0 0 rg BT 431.70 700.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 463.78 700.10 Td (in ) Tj ET Q q 0 0 0 rg BT 474.20 700.10 Td (the ) Tj ET Q q 0 0 0 rg BT 489.06 700.10 Td (Shares; ) Tj ET Q q 0 0 0 rg BT 521.14 700.10 Td (the ) Tj ET Q q 0 0 0 rg BT 536.00 700.10 Td (size ) Tj ET Q q 0 0 0 rg BT 554.18 700.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 688.10 Td (the ) Tj ET Q q 0 0 0 rg BT 82.22 688.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 129.30 688.10 Td (public ) Tj ET Q q 0 0 0 rg BT 156.79 688.10 Td (float; ) Tj ET Q q 0 0 0 rg BT 180.40 688.10 Td (and ) Tj ET Q q 0 0 0 rg BT 197.33 688.10 Td (any ) Tj ET Q q 0 0 0 rg BT 214.27 688.10 Td (event ) Tj ET Q q 0 0 0 rg BT 238.43 688.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 275.92 688.10 Td (in ) Tj ET Q q 0 0 0 rg BT 286.20 688.10 Td (a ) Tj ET Q q 0 0 0 rg BT 293.14 688.10 Td (delisting ) Tj ET Q q 0 0 0 rg BT 330.08 688.10 Td (of ) Tj ET Q q 0 0 0 rg BT 340.91 688.10 Td (Shares.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 67.50 670.10 Td (Public ) Tj ET Q q 0 0 0 rg BT 96.29 670.10 Td (Announcement of Future Corporate Developments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 650.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 140.58 650.10 Td (of ) Tj ET Q q 0 0 0 rg BT 151.79 650.10 Td (the ) Tj ET Q q 0 0 0 rg BT 166.89 650.10 Td (Company) Tj ET Q q 0 0 0 rg BT 205.13 650.10 Td (, ) Tj ET Q q 0 0 0 rg BT 210.51 650.10 Td (in ) Tj ET Q q 0 0 0 rg BT 221.16 650.10 Td (the ) Tj ET Q q 0 0 0 rg BT 236.26 650.10 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 273.02 650.10 Td (course ) Tj ET Q q 0 0 0 rg BT 302.00 650.10 Td (of ) Tj ET Q q 0 0 0 rg BT 313.21 650.10 Td (the ) Tj ET Q q 0 0 0 rg BT 328.30 650.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 375.76 650.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 415.03 650.10 Td (regularly ) Tj ET Q q 0 0 0 rg BT 454.01 650.10 Td (explores ) Tj ET Q q 0 0 0 rg BT 490.76 650.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 528.63 650.10 Td (strategic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 638.10 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 124.99 638.10 Td (and ) Tj ET Q q 0 0 0 rg BT 144.14 638.10 Td (transactions. ) Tj ET Q q 0 0 0 rg BT 198.78 638.10 Td (These ) Tj ET Q q 0 0 0 rg BT 227.37 638.10 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 284.85 638.10 Td (and ) Tj ET Q q 0 0 0 rg BT 304.01 638.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 356.48 638.10 Td (may ) Tj ET Q q 0 0 0 rg BT 378.42 638.10 Td (include ) Tj ET Q q 0 0 0 rg BT 412.56 638.10 Td (strategic ) Tj ET Q q 0 0 0 rg BT 451.15 638.10 Td (joint ) Tj ET Q q 0 0 0 rg BT 474.20 638.10 Td (venture ) Tj ET Q q 0 0 0 rg BT 508.90 638.10 Td (relationships, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 626.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 112.50 626.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 132.50 626.10 Td (or ) Tj ET Q q 0 0 0 rg BT 143.61 626.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 171.39 626.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 221.94 626.10 Td (in ) Tj ET Q q 0 0 0 rg BT 232.50 626.10 Td (the ) Tj ET Q q 0 0 0 rg BT 247.50 626.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 289.17 626.10 Td (by ) Tj ET Q q 0 0 0 rg BT 301.96 626.10 Td (third ) Tj ET Q q 0 0 0 rg BT 323.63 626.10 Td (parties, ) Tj ET Q q 0 0 0 rg BT 355.57 626.10 Td (the ) Tj ET Q q 0 0 0 rg BT 370.57 626.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 417.23 626.10 Td (or ) Tj ET Q q 0 0 0 rg BT 428.34 626.10 Td (disposition ) Tj ET Q q 0 0 0 rg BT 475.02 626.10 Td (of ) Tj ET Q q 0 0 0 rg BT 486.14 626.10 Td (material ) Tj ET Q q 0 0 0 rg BT 521.68 626.10 Td (assets, ) Tj ET Q q 0 0 0 rg BT 550.29 626.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 614.10 Td (licensing, ) Tj ET Q q 0 0 0 rg BT 107.82 614.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 153.42 614.10 Td (or ) Tj ET Q q 0 0 0 rg BT 163.46 614.10 Td (disposition ) Tj ET Q q 0 0 0 rg BT 209.07 614.10 Td (of ) Tj ET Q q 0 0 0 rg BT 219.12 614.10 Td (material ) Tj ET Q q 0 0 0 rg BT 253.59 614.10 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 299.73 614.10 Td (property) Tj ET Q q 0 0 0 rg BT 332.96 614.10 Td (, ) Tj ET Q q 0 0 0 rg BT 337.17 614.10 Td (the ) Tj ET Q q 0 0 0 rg BT 351.11 614.10 Td (development ) Tj ET Q q 0 0 0 rg BT 404.47 614.10 Td (of ) Tj ET Q q 0 0 0 rg BT 414.52 614.10 Td (new ) Tj ET Q q 0 0 0 rg BT 432.89 614.10 Td (product ) Tj ET Q q 0 0 0 rg BT 465.16 614.10 Td (lines ) Tj ET Q q 0 0 0 rg BT 485.76 614.10 Td (or ) Tj ET Q q 0 0 0 rg BT 495.80 614.10 Td (new ) Tj ET Q q 0 0 0 rg BT 514.18 614.10 Td (applications ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 602.10 Td (for ) Tj ET Q q 0 0 0 rg BT 82.21 602.10 Td (its ) Tj ET Q q 0 0 0 rg BT 94.71 602.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 129.43 602.10 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 176.90 602.10 Td (property) Tj ET Q q 0 0 0 rg BT 210.13 602.10 Td (, ) Tj ET Q q 0 0 0 rg BT 215.68 602.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 260.94 602.10 Td (distribution ) Tj ET Q q 0 0 0 rg BT 310.11 602.10 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 367.02 602.10 Td (and ) Tj ET Q q 0 0 0 rg BT 384.51 602.10 Td (other ) Tj ET Q q 0 0 0 rg BT 408.11 602.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 438.93 602.10 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 494.75 602.10 Td (and ) Tj ET Q q 0 0 0 rg BT 512.24 602.10 Td (transactions. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 590.10 Td (The ) Tj ET Q q 0 0 0 rg BT 85.50 590.10 Td (public ) Tj ET Q q 0 0 0 rg BT 112.96 590.10 Td (announcement ) Tj ET Q q 0 0 0 rg BT 173.73 590.10 Td (of ) Tj ET Q q 0 0 0 rg BT 184.51 590.10 Td (any ) Tj ET Q q 0 0 0 rg BT 201.41 590.10 Td (of ) Tj ET Q q 0 0 0 rg BT 212.20 590.10 Td (these ) Tj ET Q q 0 0 0 rg BT 235.20 590.10 Td (or ) Tj ET Q q 0 0 0 rg BT 245.99 590.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 276.22 590.10 Td (strategic ) Tj ET Q q 0 0 0 rg BT 312.55 590.10 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 367.78 590.10 Td (or ) Tj ET Q q 0 0 0 rg BT 378.57 590.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 428.79 590.10 Td (might ) Tj ET Q q 0 0 0 rg BT 454.58 590.10 Td (have ) Tj ET Q q 0 0 0 rg BT 475.92 590.10 Td (a ) Tj ET Q q 0 0 0 rg BT 482.81 590.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 527.48 590.10 Td (ef) Tj ET Q q 0 0 0 rg BT 535.07 590.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 552.51 590.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 578.10 Td (the ) Tj ET Q q 0 0 0 rg BT 82.68 578.10 Td (price ) Tj ET Q q 0 0 0 rg BT 105.64 578.10 Td (of ) Tj ET Q q 0 0 0 rg BT 116.94 578.10 Td (the ) Tj ET Q q 0 0 0 rg BT 132.12 578.10 Td (Shares. ) Tj ET Q q 0 0 0 rg BT 164.03 578.10 Td (The ) Tj ET Q q 0 0 0 rg BT 182.55 578.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 230.10 578.10 Td (policy ) Tj ET Q q 0 0 0 rg BT 258.06 578.10 Td (is ) Tj ET Q q 0 0 0 rg BT 267.70 578.10 Td (to ) Tj ET Q q 0 0 0 rg BT 278.44 578.10 Td (not ) Tj ET Q q 0 0 0 rg BT 294.19 578.10 Td (publicly ) Tj ET Q q 0 0 0 rg BT 329.93 578.10 Td (disclose ) Tj ET Q q 0 0 0 rg BT 365.11 578.10 Td (the ) Tj ET Q q 0 0 0 rg BT 380.30 578.10 Td (pursuit ) Tj ET Q q 0 0 0 rg BT 411.04 578.10 Td (of ) Tj ET Q q 0 0 0 rg BT 422.34 578.10 Td (a ) Tj ET Q q 0 0 0 rg BT 429.75 578.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 467.71 578.10 Td (strategic ) Tj ET Q q 0 0 0 rg BT 504.55 578.10 Td (opportunity ) Tj ET Q q 0 0 0 rg BT 554.18 578.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 566.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 112.97 566.10 Td (unless ) Tj ET Q q 0 0 0 rg BT 139.58 566.10 Td (it ) Tj ET Q q 0 0 0 rg BT 146.73 566.10 Td (is ) Tj ET Q q 0 0 0 rg BT 155.00 566.10 Td (required ) Tj ET Q q 0 0 0 rg BT 189.92 566.10 Td (to ) Tj ET Q q 0 0 0 rg BT 199.30 566.10 Td (do ) Tj ET Q q 0 0 0 rg BT 210.90 566.10 Td (so ) Tj ET Q q 0 0 0 rg BT 221.40 566.10 Td (by ) Tj ET Q q 0 0 0 rg BT 233.00 566.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 275.69 566.10 Td (law) Tj ET Q q 0 0 0 rg BT 289.48 566.10 Td (, ) Tj ET Q q 0 0 0 rg BT 293.58 566.10 Td (including ) Tj ET Q q 0 0 0 rg BT 332.95 566.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 375.64 566.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 415.01 566.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 434.94 566.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 467.08 566.10 Td (to ) Tj ET Q q 0 0 0 rg BT 476.46 566.10 Td (continuous ) Tj ET Q q 0 0 0 rg BT 521.95 566.10 Td (disclosure ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 554.10 Td (obligations. ) Tj ET Q q 0 0 0 rg BT 116.77 554.10 Td (There ) Tj ET Q q 0 0 0 rg BT 142.58 554.10 Td (can ) Tj ET Q q 0 0 0 rg BT 158.96 554.10 Td (be ) Tj ET Q q 0 0 0 rg BT 170.90 554.10 Td (no ) Tj ET Q q 0 0 0 rg BT 183.41 554.10 Td (assurance ) Tj ET Q q 0 0 0 rg BT 224.78 554.10 Td (that ) Tj ET Q q 0 0 0 rg BT 242.27 554.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 280.88 554.10 Td (who ) Tj ET Q q 0 0 0 rg BT 300.61 554.10 Td (buy ) Tj ET Q q 0 0 0 rg BT 318.11 554.10 Td (or ) Tj ET Q q 0 0 0 rg BT 328.94 554.10 Td (sell ) Tj ET Q q 0 0 0 rg BT 345.33 554.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 385.60 554.10 Td (of ) Tj ET Q q 0 0 0 rg BT 396.43 554.10 Td (the ) Tj ET Q q 0 0 0 rg BT 411.15 554.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 452.54 554.10 Td (are ) Tj ET Q q 0 0 0 rg BT 467.25 554.10 Td (doing ) Tj ET Q q 0 0 0 rg BT 492.53 554.10 Td (so ) Tj ET Q q 0 0 0 rg BT 503.92 554.10 Td (at ) Tj ET Q q 0 0 0 rg BT 513.64 554.10 Td (a ) Tj ET Q q 0 0 0 rg BT 520.58 554.10 Td (time ) Tj ET Q q 0 0 0 rg BT 540.86 554.10 Td (when ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 542.10 Td (the ) Tj ET Q q 0 0 0 rg BT 81.98 542.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 123.13 542.10 Td (is ) Tj ET Q q 0 0 0 rg BT 132.06 542.10 Td (not ) Tj ET Q q 0 0 0 rg BT 147.10 542.10 Td (pursuing ) Tj ET Q q 0 0 0 rg BT 184.37 542.10 Td (a ) Tj ET Q q 0 0 0 rg BT 191.07 542.10 Td (particular ) Tj ET Q q 0 0 0 rg BT 231.64 542.10 Td (strategic ) Tj ET Q q 0 0 0 rg BT 267.78 542.10 Td (opportunity ) Tj ET Q q 0 0 0 rg BT 316.71 542.10 Td (or ) Tj ET Q q 0 0 0 rg BT 327.30 542.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 373.44 542.10 Td (that, ) Tj ET Q q 0 0 0 rg BT 393.19 542.10 Td (when ) Tj ET Q q 0 0 0 rg BT 417.12 542.10 Td (announced, ) Tj ET Q q 0 0 0 rg BT 465.20 542.10 Td (would ) Tj ET Q q 0 0 0 rg BT 492.46 542.10 Td (have ) Tj ET Q q 0 0 0 rg BT 513.60 542.10 Td (a ) Tj ET Q q 0 0 0 rg BT 520.30 542.10 Td (significant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 530.10 Td (ef) Tj ET Q q 0 0 0 rg BT 75.09 530.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 92.57 530.10 Td (on ) Tj ET Q q 0 0 0 rg BT 105.07 530.10 Td (the ) Tj ET Q q 0 0 0 rg BT 119.79 530.10 Td (price ) Tj ET Q q 0 0 0 rg BT 142.28 530.10 Td (of ) Tj ET Q q 0 0 0 rg BT 153.11 530.10 Td (the ) Tj ET Q q 0 0 0 rg BT 167.82 530.10 Td (Shares.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 512.10 Td (In addition, any such future corporate development may be accompanied by certain risks, including exposure to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 500.10 Td (unknown liabilities of the strategic opportunities and transactions, higher than anticipated transaction costs and expenses, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 488.10 Td (the dif) Tj ET Q q 0 0 0 rg BT 93.14 488.10 Td (ficulty and expense of integrating operations and personnel of any acquired companies, disruption of the Company's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 476.10 Td (ongoing business, diversion of management's time and attention, possible dilution to shareholders and other factors as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 464.10 Td (discussed below in more detail. ) Tj ET Q q 0 0 0 rg BT 195.63 464.10 Td (The Company may not be able to successfully overcome these risks and other problems ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 452.10 Td (associated with any future acquisitions and this may adversely af) Tj ET Q q 0 0 0 rg BT 326.97 452.10 Td (fect the Company's business and financial condition.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 434.10 Td (Risks Related to the Pr) Tj ET Q q 0 0 0 rg BT 165.64 434.10 Td (oduction and Distribution of Film and ) Tj ET Q q 0 0 0 rg BT 330.49 434.10 Td (T) Tj ET Q q 0 0 0 rg BT 336.25 434.10 Td (elevision) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 67.50 416.10 Td (Risks Related to the Nature of the Entertainment Industry) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 398.10 Td (The ) Tj ET Q q 0 0 0 rg BT 103.80 398.10 Td (entertainment ) Tj ET Q q 0 0 0 rg BT 161.54 398.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 197.07 398.10 Td (involves ) Tj ET Q q 0 0 0 rg BT 233.71 398.10 Td (a ) Tj ET Q q 0 0 0 rg BT 240.91 398.10 Td (substantial ) Tj ET Q q 0 0 0 rg BT 286.44 398.10 Td (degree ) Tj ET Q q 0 0 0 rg BT 315.84 398.10 Td (of ) Tj ET Q q 0 0 0 rg BT 326.93 398.10 Td (risk. ) Tj ET Q q 0 0 0 rg BT 346.57 398.10 Td (Acceptance ) Tj ET Q q 0 0 0 rg BT 395.96 398.10 Td (of ) Tj ET Q q 0 0 0 rg BT 407.05 398.10 Td (entertainment ) Tj ET Q q 0 0 0 rg BT 464.78 398.10 Td (programming ) Tj ET Q q 0 0 0 rg BT 521.97 398.10 Td (represents ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 386.10 Td (a ) Tj ET Q q 0 0 0 rg BT 74.22 386.10 Td (response ) Tj ET Q q 0 0 0 rg BT 111.48 386.10 Td (not ) Tj ET Q q 0 0 0 rg BT 126.54 386.10 Td (only ) Tj ET Q q 0 0 0 rg BT 146.59 386.10 Td (to ) Tj ET Q q 0 0 0 rg BT 156.65 386.10 Td (the ) Tj ET Q q 0 0 0 rg BT 171.14 386.10 Td (production) Tj ET Q q 0 0 0 rg BT 217.25 386.10 Td (s ) Tj ET Q q 0 0 0 rg BT 223.41 386.10 Td (artistic ) Tj ET Q q 0 0 0 rg BT 252.90 386.10 Td (components, ) Tj ET Q q 0 0 0 rg BT 306.00 386.10 Td (but ) Tj ET Q q 0 0 0 rg BT 321.06 386.10 Td (also ) Tj ET Q q 0 0 0 rg BT 339.44 386.10 Td (the ) Tj ET Q q 0 0 0 rg BT 353.94 386.10 Td (quality ) Tj ET Q q 0 0 0 rg BT 383.99 386.10 Td (and ) Tj ET Q q 0 0 0 rg BT 400.70 386.10 Td (acceptance ) Tj ET Q q 0 0 0 rg BT 446.83 386.10 Td (of ) Tj ET Q q 0 0 0 rg BT 457.44 386.10 Td (other ) Tj ET Q q 0 0 0 rg BT 480.26 386.10 Td (competing ) Tj ET Q q 0 0 0 rg BT 524.75 386.10 Td (programs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 374.10 Td (released ) Tj ET Q q 0 0 0 rg BT 102.71 374.10 Td (into ) Tj ET Q q 0 0 0 rg BT 120.72 374.10 Td (the ) Tj ET Q q 0 0 0 rg BT 135.39 374.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 186.70 374.10 Td (at ) Tj ET Q q 0 0 0 rg BT 196.36 374.10 Td (or ) Tj ET Q q 0 0 0 rg BT 207.15 374.10 Td (near ) Tj ET Q q 0 0 0 rg BT 226.81 374.10 Td (the ) Tj ET Q q 0 0 0 rg BT 241.48 374.10 Td (same ) Tj ET Q q 0 0 0 rg BT 264.48 374.10 Td (time, ) Tj ET Q q 0 0 0 rg BT 287.20 374.10 Td (the ) Tj ET Q q 0 0 0 rg BT 301.87 374.10 Td (availability ) Tj ET Q q 0 0 0 rg BT 349.31 374.10 Td (of ) Tj ET Q q 0 0 0 rg BT 360.09 374.10 Td (alternative ) Tj ET Q q 0 0 0 rg BT 404.74 374.10 Td (forms ) Tj ET Q q 0 0 0 rg BT 430.52 374.10 Td (of ) Tj ET Q q 0 0 0 rg BT 441.31 374.10 Td (entertainment ) Tj ET Q q 0 0 0 rg BT 498.74 374.10 Td (and ) Tj ET Q q 0 0 0 rg BT 515.63 374.10 Td (leisure ) Tj ET Q q 0 0 0 rg BT 544.73 374.10 Td (time ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 362.10 Td (activities, ) Tj ET Q q 0 0 0 rg BT 108.18 362.10 Td (general ) Tj ET Q q 0 0 0 rg BT 139.68 362.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 180.62 362.10 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 226.87 362.10 Td (public ) Tj ET Q q 0 0 0 rg BT 253.94 362.10 Td (tastes ) Tj ET Q q 0 0 0 rg BT 278.23 362.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 317.51 362.10 Td (and ) Tj ET Q q 0 0 0 rg BT 334.03 362.10 Td (other ) Tj ET Q q 0 0 0 rg BT 356.65 362.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 398.72 362.10 Td (factors, ) Tj ET Q q 0 0 0 rg BT 430.50 362.10 Td (all ) Tj ET Q q 0 0 0 rg BT 442.57 362.10 Td (of ) Tj ET Q q 0 0 0 rg BT 452.98 362.10 Td (which ) Tj ET Q q 0 0 0 rg BT 479.49 362.10 Td (could ) Tj ET Q q 0 0 0 rg BT 503.79 362.10 Td (change ) Tj ET Q q 0 0 0 rg BT 534.18 362.10 Td (rapidly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 350.10 Td (or ) Tj ET Q q 0 0 0 rg BT 78.19 350.10 Td (without ) Tj ET Q q 0 0 0 rg BT 111.11 350.10 Td (notice ) Tj ET Q q 0 0 0 rg BT 137.90 350.10 Td (and ) Tj ET Q q 0 0 0 rg BT 154.70 350.10 Td (cannot ) Tj ET Q q 0 0 0 rg BT 183.72 350.10 Td (be ) Tj ET Q q 0 0 0 rg BT 195.52 350.10 Td (predicted ) Tj ET Q q 0 0 0 rg BT 235.08 350.10 Td (with ) Tj ET Q q 0 0 0 rg BT 255.22 350.10 Td (certainty) Tj ET Q q 0 0 0 rg BT 289.55 350.10 Td (. ) Tj ET Q q 0 0 0 rg BT 294.24 350.10 Td (There ) Tj ET Q q 0 0 0 rg BT 319.92 350.10 Td (is ) Tj ET Q q 0 0 0 rg BT 328.95 350.10 Td (a ) Tj ET Q q 0 0 0 rg BT 335.75 350.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 353.11 350.10 Td (that ) Tj ET Q q 0 0 0 rg BT 370.46 350.10 Td (some ) Tj ET Q q 0 0 0 rg BT 393.93 350.10 Td (or ) Tj ET Q q 0 0 0 rg BT 404.62 350.10 Td (all ) Tj ET Q q 0 0 0 rg BT 416.98 350.10 Td (of ) Tj ET Q q 0 0 0 rg BT 427.67 350.10 Td (the ) Tj ET Q q 0 0 0 rg BT 442.25 350.10 Td (Company) Tj ET Q q 0 0 0 rg BT 483.91 350.10 Td (s ) Tj ET Q q 0 0 0 rg BT 490.17 350.10 Td (programming ) Tj ET Q q 0 0 0 rg BT 546.96 350.10 Td (will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 338.10 Td (not ) Tj ET Q q 0 0 0 rg BT 82.69 338.10 Td (be ) Tj ET Q q 0 0 0 rg BT 94.55 338.10 Td (purchased ) Tj ET Q q 0 0 0 rg BT 137.50 338.10 Td (or ) Tj ET Q q 0 0 0 rg BT 148.25 338.10 Td (accepted ) Tj ET Q q 0 0 0 rg BT 185.63 338.10 Td (by ) Tj ET Q q 0 0 0 rg BT 198.05 338.10 Td (the ) Tj ET Q q 0 0 0 rg BT 212.68 338.10 Td (public ) Tj ET Q q 0 0 0 rg BT 240.09 338.10 Td (generally) Tj ET Q q 0 0 0 rg BT 276.65 338.10 Td (, ) Tj ET Q q 0 0 0 rg BT 281.56 338.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 318.97 338.10 Td (in ) Tj ET Q q 0 0 0 rg BT 329.17 338.10 Td (a ) Tj ET Q q 0 0 0 rg BT 336.02 338.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 367.33 338.10 Td (of ) Tj ET Q q 0 0 0 rg BT 378.07 338.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 400.49 338.10 Td (not ) Tj ET Q q 0 0 0 rg BT 415.68 338.10 Td (being ) Tj ET Q q 0 0 0 rg BT 440.32 338.10 Td (recouped ) Tj ET Q q 0 0 0 rg BT 479.38 338.10 Td (or ) Tj ET Q q 0 0 0 rg BT 490.12 338.10 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 536.41 338.10 Td (profits ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 326.10 Td (not ) Tj ET Q q 0 0 0 rg BT 82.71 326.10 Td (being ) Tj ET Q q 0 0 0 rg BT 107.36 326.10 Td (realized. ) Tj ET Q q 0 0 0 rg BT 143.75 326.10 Td (There ) Tj ET Q q 0 0 0 rg BT 169.50 326.10 Td (can ) Tj ET Q q 0 0 0 rg BT 185.81 326.10 Td (be ) Tj ET Q q 0 0 0 rg BT 197.68 326.10 Td (no ) Tj ET Q q 0 0 0 rg BT 210.11 326.10 Td (assurance ) Tj ET Q q 0 0 0 rg BT 251.41 326.10 Td (that ) Tj ET Q q 0 0 0 rg BT 268.84 326.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 302.92 326.10 Td (from ) Tj ET Q q 0 0 0 rg BT 324.79 326.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 358.88 326.10 Td (or ) Tj ET Q q 0 0 0 rg BT 369.64 326.10 Td (future ) Tj ET Q q 0 0 0 rg BT 395.95 326.10 Td (programming ) Tj ET Q q 0 0 0 rg BT 452.82 326.10 Td (will ) Tj ET Q q 0 0 0 rg BT 470.81 326.10 Td (replace ) Tj ET Q q 0 0 0 rg BT 502.10 326.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 520.09 326.10 Td (of ) Tj ET Q q 0 0 0 rg BT 530.85 326.10 Td (revenue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 314.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 111.09 314.10 Td (with ) Tj ET Q q 0 0 0 rg BT 131.37 314.10 Td (the ) Tj ET Q q 0 0 0 rg BT 146.09 314.10 Td (cancellation ) Tj ET Q q 0 0 0 rg BT 196.89 314.10 Td (or ) Tj ET Q q 0 0 0 rg BT 207.72 314.10 Td (unsuccessful ) Tj ET Q q 0 0 0 rg BT 261.32 314.10 Td (commercialization ) Tj ET Q q 0 0 0 rg BT 338.23 314.10 Td (of ) Tj ET Q q 0 0 0 rg BT 349.06 314.10 Td (any ) Tj ET Q q 0 0 0 rg BT 366.00 314.10 Td (particular ) Tj ET Q q 0 0 0 rg BT 406.81 314.10 Td (production.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 67.50 296.10 Td (Risks Related to T) Tj ET Q q 0 0 0 rg BT 141.30 296.10 Td (elevision and Film Industries) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 278.10 Td (Because ) Tj ET Q q 0 0 0 rg BT 122.04 278.10 Td (the ) Tj ET Q q 0 0 0 rg BT 137.48 278.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 191.22 278.10 Td (of ) Tj ET Q q 0 0 0 rg BT 202.78 278.10 Td (television ) Tj ET Q q 0 0 0 rg BT 244.88 278.10 Td (and ) Tj ET Q q 0 0 0 rg BT 262.54 278.10 Td (film ) Tj ET Q q 0 0 0 rg BT 282.43 278.10 Td (programs ) Tj ET Q q 0 0 0 rg BT 323.42 278.10 Td (in ) Tj ET Q q 0 0 0 rg BT 334.42 278.10 Td (ancillary ) Tj ET Q q 0 0 0 rg BT 372.62 278.10 Td (markets, ) Tj ET Q q 0 0 0 rg BT 410.00 278.10 Td (such ) Tj ET Q q 0 0 0 rg BT 431.55 278.10 Td (as ) Tj ET Q q 0 0 0 rg BT 443.11 278.10 Td (home ) Tj ET Q q 0 0 0 rg BT 468.55 278.10 Td (video ) Tj ET Q q 0 0 0 rg BT 493.99 278.10 Td (and ) Tj ET Q q 0 0 0 rg BT 511.65 278.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 529.31 278.10 Td (and ) Tj ET Q q 0 0 0 rg BT 546.97 278.10 Td (free ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 266.10 Td (television, ) Tj ET Q q 0 0 0 rg BT 111.90 266.10 Td (is ) Tj ET Q q 0 0 0 rg BT 121.58 266.10 Td (often ) Tj ET Q q 0 0 0 rg BT 145.14 266.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 178.70 266.10 Td (related ) Tj ET Q q 0 0 0 rg BT 208.92 266.10 Td (to ) Tj ET Q q 0 0 0 rg BT 219.71 266.10 Td (reviews ) Tj ET Q q 0 0 0 rg BT 253.83 266.10 Td (from ) Tj ET Q q 0 0 0 rg BT 276.28 266.10 Td (critics ) Tj ET Q q 0 0 0 rg BT 303.73 266.10 Td (and/or ) Tj ET Q q 0 0 0 rg BT 332.29 266.10 Td (television ) Tj ET Q q 0 0 0 rg BT 374.19 266.10 Td (ratings, ) Tj ET Q q 0 0 0 rg BT 406.92 266.10 Td (poor ) Tj ET Q q 0 0 0 rg BT 428.26 266.10 Td (reviews ) Tj ET Q q 0 0 0 rg BT 462.38 266.10 Td (from ) Tj ET Q q 0 0 0 rg BT 484.83 266.10 Td (critics ) Tj ET Q q 0 0 0 rg BT 512.28 266.10 Td (or ) Tj ET Q q 0 0 0 rg BT 523.63 266.10 Td (television ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 254.10 Td (ratings ) Tj ET Q q 0 0 0 rg BT 97.08 254.10 Td (may ) Tj ET Q q 0 0 0 rg BT 116.65 254.10 Td (negatively ) Tj ET Q q 0 0 0 rg BT 160.66 254.10 Td (af) Tj ET Q q 0 0 0 rg BT 168.25 254.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 185.60 254.10 Td (future ) Tj ET Q q 0 0 0 rg BT 211.83 254.10 Td (revenue. ) Tj ET Q q 0 0 0 rg BT 248.17 254.10 Td (The ) Tj ET Q q 0 0 0 rg BT 266.07 254.10 Td (Company) Tj ET Q q 0 0 0 rg BT 307.74 254.10 Td (s ) Tj ET Q q 0 0 0 rg BT 313.99 254.10 Td (results ) Tj ET Q q 0 0 0 rg BT 342.46 254.10 Td (of ) Tj ET Q q 0 0 0 rg BT 353.15 254.10 Td (operation ) Tj ET Q q 0 0 0 rg BT 393.27 254.10 Td (will ) Tj ET Q q 0 0 0 rg BT 411.19 254.10 Td (depend, ) Tj ET Q q 0 0 0 rg BT 444.93 254.10 Td (in ) Tj ET Q q 0 0 0 rg BT 455.06 254.10 Td (part, ) Tj ET Q q 0 0 0 rg BT 475.47 254.10 Td (on ) Tj ET Q q 0 0 0 rg BT 487.83 254.10 Td (the ) Tj ET Q q 0 0 0 rg BT 502.41 254.10 Td (experience ) Tj ET Q q 0 0 0 rg BT 548.07 254.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 242.10 Td (judgment ) Tj ET Q q 0 0 0 rg BT 107.43 242.10 Td (of ) Tj ET Q q 0 0 0 rg BT 117.91 242.10 Td (its ) Tj ET Q q 0 0 0 rg BT 129.51 242.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 183.87 242.10 Td (to ) Tj ET Q q 0 0 0 rg BT 193.80 242.10 Td (select ) Tj ET Q q 0 0 0 rg BT 218.72 242.10 Td (and ) Tj ET Q q 0 0 0 rg BT 235.31 242.10 Td (develop ) Tj ET Q q 0 0 0 rg BT 269.12 242.10 Td (new ) Tj ET Q q 0 0 0 rg BT 287.93 242.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 333.96 242.10 Td (and ) Tj ET Q q 0 0 0 rg BT 350.56 242.10 Td (production ) Tj ET Q q 0 0 0 rg BT 396.04 242.10 Td (opportunities. ) Tj ET Q q 0 0 0 rg BT 453.31 242.10 Td (The ) Tj ET Q q 0 0 0 rg BT 471.01 242.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 512.05 242.10 Td (cannot ) Tj ET Q q 0 0 0 rg BT 540.85 242.10 Td (make ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 230.10 Td (assurances ) Tj ET Q q 0 0 0 rg BT 113.55 230.10 Td (that ) Tj ET Q q 0 0 0 rg BT 131.84 230.10 Td (the ) Tj ET Q q 0 0 0 rg BT 147.34 230.10 Td (Company) Tj ET Q q 0 0 0 rg BT 189.01 230.10 Td (s ) Tj ET Q q 0 0 0 rg BT 196.19 230.10 Td (films ) Tj ET Q q 0 0 0 rg BT 220.04 230.10 Td (and ) Tj ET Q q 0 0 0 rg BT 237.77 230.10 Td (television ) Tj ET Q q 0 0 0 rg BT 279.94 230.10 Td (programs ) Tj ET Q q 0 0 0 rg BT 321.00 230.10 Td (will ) Tj ET Q q 0 0 0 rg BT 339.85 230.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 368.13 230.10 Td (favourable ) Tj ET Q q 0 0 0 rg BT 414.18 230.10 Td (reviews ) Tj ET Q q 0 0 0 rg BT 448.57 230.10 Td (or ) Tj ET Q q 0 0 0 rg BT 460.19 230.10 Td (ratings, ) Tj ET Q q 0 0 0 rg BT 493.20 230.10 Td (that ) Tj ET Q q 0 0 0 rg BT 511.48 230.10 Td (its ) Tj ET Q q 0 0 0 rg BT 524.22 230.10 Td (films ) Tj ET Q q 0 0 0 rg BT 548.07 230.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 218.10 Td (television ) Tj ET Q q 0 0 0 rg BT 108.69 218.10 Td (programs ) Tj ET Q q 0 0 0 rg BT 148.76 218.10 Td (will ) Tj ET Q q 0 0 0 rg BT 166.62 218.10 Td (perform ) Tj ET Q q 0 0 0 rg BT 201.13 218.10 Td (well ) Tj ET Q q 0 0 0 rg BT 220.65 218.10 Td (in ) Tj ET Q q 0 0 0 rg BT 230.73 218.10 Td (ancillary ) Tj ET Q q 0 0 0 rg BT 268.02 218.10 Td (markets, ) Tj ET Q q 0 0 0 rg BT 304.47 218.10 Td (or ) Tj ET Q q 0 0 0 rg BT 315.11 218.10 Td (that ) Tj ET Q q 0 0 0 rg BT 332.41 218.10 Td (broadcasters ) Tj ET Q q 0 0 0 rg BT 384.69 218.10 Td (will ) Tj ET Q q 0 0 0 rg BT 402.55 218.10 Td (license ) Tj ET Q q 0 0 0 rg BT 432.61 218.10 Td (the ) Tj ET Q q 0 0 0 rg BT 447.13 218.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 472.22 218.10 Td (to ) Tj ET Q q 0 0 0 rg BT 482.30 218.10 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 522.92 218.10 Td (any ) Tj ET Q q 0 0 0 rg BT 539.66 218.10 Td (of ) Tj ET Q q 0 0 0 rg BT 550.29 218.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 206.10 Td (Company) Tj ET Q q 0 0 0 rg BT 109.17 206.10 Td (s ) Tj ET Q q 0 0 0 rg BT 115.65 206.10 Td (film ) Tj ET Q q 0 0 0 rg BT 134.90 206.10 Td (and ) Tj ET Q q 0 0 0 rg BT 151.93 206.10 Td (television ) Tj ET Q q 0 0 0 rg BT 193.40 206.10 Td (programs ) Tj ET Q q 0 0 0 rg BT 233.76 206.10 Td (in ) Tj ET Q q 0 0 0 rg BT 244.13 206.10 Td (development ) Tj ET Q q 0 0 0 rg BT 298.36 206.10 Td (or ) Tj ET Q q 0 0 0 rg BT 309.28 206.10 Td (renew ) Tj ET Q q 0 0 0 rg BT 336.30 206.10 Td (licenses ) Tj ET Q q 0 0 0 rg BT 370.55 206.10 Td (to ) Tj ET Q q 0 0 0 rg BT 380.91 206.10 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 421.82 206.10 Td (film ) Tj ET Q q 0 0 0 rg BT 441.07 206.10 Td (and ) Tj ET Q q 0 0 0 rg BT 458.10 206.10 Td (television ) Tj ET Q q 0 0 0 rg BT 499.57 206.10 Td (programs ) Tj ET Q q 0 0 0 rg BT 539.93 206.10 Td (in ) Tj ET Q q 0 0 0 rg BT 550.30 206.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 194.10 Td (Company) Tj ET Q q 0 0 0 rg BT 109.17 194.10 Td (s ) Tj ET Q q 0 0 0 rg BT 114.72 194.10 Td (library) Tj ET Q q 0 0 0 rg BT 140.73 194.10 Td (. ) Tj ET Q q 0 0 0 rg BT 144.78 194.10 Td (The ) Tj ET Q q 0 0 0 rg BT 161.99 194.10 Td (failure ) Tj ET Q q 0 0 0 rg BT 189.75 194.10 Td (to ) Tj ET Q q 0 0 0 rg BT 199.20 194.10 Td (achieve ) Tj ET Q q 0 0 0 rg BT 231.40 194.10 Td (any ) Tj ET Q q 0 0 0 rg BT 247.50 194.10 Td (of ) Tj ET Q q 0 0 0 rg BT 257.50 194.10 Td (the ) Tj ET Q q 0 0 0 rg BT 271.39 194.10 Td (foregoing ) Tj ET Q q 0 0 0 rg BT 311.93 194.10 Td (could ) Tj ET Q q 0 0 0 rg BT 335.81 194.10 Td (have ) Tj ET Q q 0 0 0 rg BT 356.36 194.10 Td (a ) Tj ET Q q 0 0 0 rg BT 362.46 194.10 Td (material ) Tj ET Q q 0 0 0 rg BT 396.89 194.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 429.10 194.10 Td (ef) Tj ET Q q 0 0 0 rg BT 436.68 194.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 453.34 194.10 Td (on ) Tj ET Q q 0 0 0 rg BT 465.00 194.10 Td (the ) Tj ET Q q 0 0 0 rg BT 478.89 194.10 Td (Company) Tj ET Q q 0 0 0 rg BT 520.55 194.10 Td (s ) Tj ET Q q 0 0 0 rg BT 526.11 194.10 Td (business, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 182.10 Td (results ) Tj ET Q q 0 0 0 rg BT 96.11 182.10 Td (of ) Tj ET Q q 0 0 0 rg BT 106.94 182.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 151.09 182.10 Td (or ) Tj ET Q q 0 0 0 rg BT 161.92 182.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 199.40 182.10 Td (condition.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 164.10 Td (Licensed ) Tj ET Q q 0 0 0 rg BT 123.02 164.10 Td (distributors) Tj ET Q q 0 0 0 rg BT 171.17 164.10 Td ( ) Tj ET Q q 0 0 0 rg BT 172.60 164.10 Td (decisions ) Tj ET Q q 0 0 0 rg BT 211.25 164.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 250.99 164.10 Td (the ) Tj ET Q q 0 0 0 rg BT 264.64 164.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 292.18 164.10 Td (of ) Tj ET Q q 0 0 0 rg BT 301.95 164.10 Td (release ) Tj ET Q q 0 0 0 rg BT 331.13 164.10 Td (and ) Tj ET Q q 0 0 0 rg BT 347.00 164.10 Td (promotional ) Tj ET Q q 0 0 0 rg BT 397.31 164.10 Td (support ) Tj ET Q q 0 0 0 rg BT 428.74 164.10 Td (of ) Tj ET Q q 0 0 0 rg BT 438.50 164.10 Td (the ) Tj ET Q q 0 0 0 rg BT 452.15 164.10 Td (Company) Tj ET Q q 0 0 0 rg BT 493.82 164.10 Td (s ) Tj ET Q q 0 0 0 rg BT 499.14 164.10 Td (films, ) Tj ET Q q 0 0 0 rg BT 523.63 164.10 Td (television ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 152.10 Td (programs ) Tj ET Q q 0 0 0 rg BT 108.10 152.10 Td (and ) Tj ET Q q 0 0 0 rg BT 125.37 152.10 Td (related ) Tj ET Q q 0 0 0 rg BT 155.41 152.10 Td (products ) Tj ET Q q 0 0 0 rg BT 192.68 152.10 Td (are ) Tj ET Q q 0 0 0 rg BT 207.71 152.10 Td (important ) Tj ET Q q 0 0 0 rg BT 249.43 152.10 Td (in ) Tj ET Q q 0 0 0 rg BT 260.04 152.10 Td (determining ) Tj ET Q q 0 0 0 rg BT 311.19 152.10 Td (the ) Tj ET Q q 0 0 0 rg BT 326.24 152.10 Td (success ) Tj ET Q q 0 0 0 rg BT 359.06 152.10 Td (of ) Tj ET Q q 0 0 0 rg BT 370.22 152.10 Td (these ) Tj ET Q q 0 0 0 rg BT 393.60 152.10 Td (films, ) Tj ET Q q 0 0 0 rg BT 419.49 152.10 Td (programs ) Tj ET Q q 0 0 0 rg BT 460.09 152.10 Td (and ) Tj ET Q q 0 0 0 rg BT 477.36 152.10 Td (related ) Tj ET Q q 0 0 0 rg BT 507.40 152.10 Td (products. ) Tj ET Q q 0 0 0 rg BT 546.96 152.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 140.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 109.52 140.10 Td (does ) Tj ET Q q 0 0 0 rg BT 130.98 140.10 Td (not ) Tj ET Q q 0 0 0 rg BT 146.88 140.10 Td (control ) Tj ET Q q 0 0 0 rg BT 178.34 140.10 Td (the ) Tj ET Q q 0 0 0 rg BT 193.69 140.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 222.93 140.10 Td (and ) Tj ET Q q 0 0 0 rg BT 240.50 140.10 Td (manner ) Tj ET Q q 0 0 0 rg BT 273.61 140.10 Td (in ) Tj ET Q q 0 0 0 rg BT 284.52 140.10 Td (which ) Tj ET Q q 0 0 0 rg BT 312.09 140.10 Td (the ) Tj ET Q q 0 0 0 rg BT 327.44 140.10 Td (Company) Tj ET Q q 0 0 0 rg BT 369.10 140.10 Td (s ) Tj ET Q q 0 0 0 rg BT 376.12 140.10 Td (licensed ) Tj ET Q q 0 0 0 rg BT 412.02 140.10 Td (distributors ) Tj ET Q q 0 0 0 rg BT 460.70 140.10 Td (distribute ) Tj ET Q q 0 0 0 rg BT 501.61 140.10 Td (the ) Tj ET Q q 0 0 0 rg BT 516.95 140.10 Td (Company) Tj ET Q q 0 0 0 rg BT 558.62 140.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 128.10 Td (films, ) Tj ET Q q 0 0 0 rg BT 93.97 128.10 Td (television ) Tj ET Q q 0 0 0 rg BT 136.26 128.10 Td (programs ) Tj ET Q q 0 0 0 rg BT 177.44 128.10 Td (or ) Tj ET Q q 0 0 0 rg BT 189.18 128.10 Td (related ) Tj ET Q q 0 0 0 rg BT 219.79 128.10 Td (products. ) Tj ET Q q 0 0 0 rg BT 259.39 128.10 Td (Any ) Tj ET Q q 0 0 0 rg BT 280.02 128.10 Td (decision ) Tj ET Q q 0 0 0 rg BT 316.76 128.10 Td (by ) Tj ET Q q 0 0 0 rg BT 330.17 128.10 Td (those ) Tj ET Q q 0 0 0 rg BT 354.69 128.10 Td (distributors ) Tj ET Q q 0 0 0 rg BT 403.65 128.10 Td (not ) Tj ET Q q 0 0 0 rg BT 419.84 128.10 Td (to ) Tj ET Q q 0 0 0 rg BT 431.03 128.10 Td (distribute ) Tj ET Q q 0 0 0 rg BT 472.22 128.10 Td (or ) Tj ET Q q 0 0 0 rg BT 483.96 128.10 Td (promote ) Tj ET Q q 0 0 0 rg BT 520.69 128.10 Td (one ) Tj ET Q q 0 0 0 rg BT 538.54 128.10 Td (of ) Tj ET Q q 0 0 0 rg BT 550.28 128.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 116.10 Td (Company) Tj ET Q q 0 0 0 rg BT 109.17 116.10 Td (s ) Tj ET Q q 0 0 0 rg BT 115.68 116.10 Td (films, ) Tj ET Q q 0 0 0 rg BT 141.36 116.10 Td (television ) Tj ET Q q 0 0 0 rg BT 182.87 116.10 Td (programs ) Tj ET Q q 0 0 0 rg BT 223.26 116.10 Td (or ) Tj ET Q q 0 0 0 rg BT 234.21 116.10 Td (related ) Tj ET Q q 0 0 0 rg BT 264.04 116.10 Td (products ) Tj ET Q q 0 0 0 rg BT 301.10 116.10 Td (or ) Tj ET Q q 0 0 0 rg BT 312.05 116.10 Td (to ) Tj ET Q q 0 0 0 rg BT 322.45 116.10 Td (promote ) Tj ET Q q 0 0 0 rg BT 358.40 116.10 Td (competitors) Tj ET Q q 0 0 0 rg BT 408.20 116.10 Td ( ) Tj ET Q q 0 0 0 rg BT 410.83 116.10 Td (films, ) Tj ET Q q 0 0 0 rg BT 436.51 116.10 Td (programs ) Tj ET Q q 0 0 0 rg BT 476.90 116.10 Td (or ) Tj ET Q q 0 0 0 rg BT 487.85 116.10 Td (related ) Tj ET Q q 0 0 0 rg BT 517.68 116.10 Td (products ) Tj ET Q q 0 0 0 rg BT 554.74 116.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 104.10 Td (a ) Tj ET Q q 0 0 0 rg BT 74.54 104.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 104.91 104.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 131.95 104.10 Td (than ) Tj ET Q q 0 0 0 rg BT 151.77 104.10 Td (they ) Tj ET Q q 0 0 0 rg BT 171.59 104.10 Td (promote ) Tj ET Q q 0 0 0 rg BT 207.52 104.10 Td (the ) Tj ET Q q 0 0 0 rg BT 222.35 104.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 263.84 104.10 Td (could ) Tj ET Q q 0 0 0 rg BT 288.66 104.10 Td (have ) Tj ET Q q 0 0 0 rg BT 310.15 104.10 Td (a ) Tj ET Q q 0 0 0 rg BT 317.19 104.10 Td (material ) Tj ET Q q 0 0 0 rg BT 352.56 104.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 385.70 104.10 Td (ef) Tj ET Q q 0 0 0 rg BT 393.29 104.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 410.88 104.10 Td (on ) Tj ET Q q 0 0 0 rg BT 423.49 104.10 Td (the ) Tj ET Q q 0 0 0 rg BT 438.31 104.10 Td (Company) Tj ET Q q 0 0 0 rg BT 479.97 104.10 Td (s ) Tj ET Q q 0 0 0 rg BT 486.47 104.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 525.47 104.10 Td (results ) Tj ET Q q 0 0 0 rg BT 554.19 104.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 92.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 111.66 92.10 Td (or ) Tj ET Q q 0 0 0 rg BT 122.49 92.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 159.97 92.10 Td (condition.) Tj ET Q endstream endobj 63 0 obj <> endobj 64 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6 0.6 0.6 rg BT 301.00 31.60 Td (31) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 67.50 742.25 Td (Canadian Status) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 722.25 Td (In ) Tj ET Q q 0 0 0 rg BT 96.96 722.25 Td (addition ) Tj ET Q q 0 0 0 rg BT 132.85 722.25 Td (to ) Tj ET Q q 0 0 0 rg BT 143.76 722.25 Td (license ) Tj ET Q q 0 0 0 rg BT 174.65 722.25 Td (fees ) Tj ET Q q 0 0 0 rg BT 193.87 722.25 Td (from ) Tj ET Q q 0 0 0 rg BT 216.43 722.25 Td (domestic ) Tj ET Q q 0 0 0 rg BT 255.66 722.25 Td (and ) Tj ET Q q 0 0 0 rg BT 273.22 722.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 305.23 722.25 Td (broadcasters ) Tj ET Q q 0 0 0 rg BT 358.33 722.25 Td (and ) Tj ET Q q 0 0 0 rg BT 375.89 722.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 414.00 722.25 Td (contributions ) Tj ET Q q 0 0 0 rg BT 469.89 722.25 Td (from ) Tj ET Q q 0 0 0 rg BT 492.46 722.25 Td (co-producers, ) Tj ET Q q 0 0 0 rg BT 550.28 722.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 710.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 109.66 710.25 Td (finances ) Tj ET Q q 0 0 0 rg BT 146.24 710.25 Td (a ) Tj ET Q q 0 0 0 rg BT 153.95 710.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 199.43 710.25 Td (portion ) Tj ET Q q 0 0 0 rg BT 231.58 710.25 Td (of ) Tj ET Q q 0 0 0 rg BT 243.18 710.25 Td (its ) Tj ET Q q 0 0 0 rg BT 255.90 710.25 Td (production ) Tj ET Q q 0 0 0 rg BT 302.50 710.25 Td (budgets ) Tj ET Q q 0 0 0 rg BT 336.87 710.25 Td (from ) Tj ET Q q 0 0 0 rg BT 359.58 710.25 Td (federal ) Tj ET Q q 0 0 0 rg BT 390.60 710.25 Td (and ) Tj ET Q q 0 0 0 rg BT 408.31 710.25 Td (provincial ) Tj ET Q q 0 0 0 rg BT 452.12 710.25 Td (governmental ) Tj ET Q q 0 0 0 rg BT 510.37 710.25 Td (agencies ) Tj ET Q q 0 0 0 rg BT 548.06 710.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 698.25 Td (incentive ) Tj ET Q q 0 0 0 rg BT 107.81 698.25 Td (programs, ) Tj ET Q q 0 0 0 rg BT 151.75 698.25 Td (including ) Tj ET Q q 0 0 0 rg BT 193.19 698.25 Td (the ) Tj ET Q q 0 0 0 rg BT 209.07 698.25 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 250.23 698.25 Td (T) Tj ET Q q 0 0 0 rg BT 255.64 698.25 Td (elevision ) Tj ET Q q 0 0 0 rg BT 295.41 698.25 Td (and ) Tj ET Q q 0 0 0 rg BT 313.51 698.25 Td (Cable ) Tj ET Q q 0 0 0 rg BT 340.50 698.25 Td (Production ) Tj ET Q q 0 0 0 rg BT 388.05 698.25 Td (Fund, ) Tj ET Q q 0 0 0 rg BT 414.78 698.25 Td (the ) Tj ET Q q 0 0 0 rg BT 430.66 698.25 Td (provincial ) Tj ET Q q 0 0 0 rg BT 474.87 698.25 Td (film ) Tj ET Q q 0 0 0 rg BT 495.20 698.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 523.86 698.25 Td (and ) Tj ET Q q 0 0 0 rg BT 541.96 698.25 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 686.25 Td (incentive ) Tj ET Q q 0 0 0 rg BT 106.98 686.25 Td (and ) Tj ET Q q 0 0 0 rg BT 124.25 686.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 170.96 686.25 Td (programs, ) Tj ET Q q 0 0 0 rg BT 214.06 686.25 Td (federal ) Tj ET Q q 0 0 0 rg BT 244.65 686.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 259.70 686.25 Td (credits ) Tj ET Q q 0 0 0 rg BT 289.18 686.25 Td (and ) Tj ET Q q 0 0 0 rg BT 306.45 686.25 Td (provincial ) Tj ET Q q 0 0 0 rg BT 349.83 686.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 364.87 686.25 Td (credits. ) Tj ET Q q 0 0 0 rg BT 396.65 686.25 Td (The ) Tj ET Q q 0 0 0 rg BT 415.03 686.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 430.08 686.25 Td (credits ) Tj ET Q q 0 0 0 rg BT 459.57 686.25 Td (are ) Tj ET Q q 0 0 0 rg BT 474.60 686.25 Td (considered ) Tj ET Q q 0 0 0 rg BT 520.75 686.25 Td (part ) Tj ET Q q 0 0 0 rg BT 539.13 686.25 Td (of ) Tj ET Q q 0 0 0 rg BT 550.29 686.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 674.25 Td (Company) Tj ET Q q 0 0 0 rg BT 109.17 674.25 Td (s ) Tj ET Q q 0 0 0 rg BT 115.10 674.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 142.15 674.25 Td (in ) Tj ET Q q 0 0 0 rg BT 151.98 674.25 Td (any ) Tj ET Q q 0 0 0 rg BT 168.46 674.25 Td (production ) Tj ET Q q 0 0 0 rg BT 213.84 674.25 Td (for ) Tj ET Q q 0 0 0 rg BT 227.54 674.25 Td (which ) Tj ET Q q 0 0 0 rg BT 254.03 674.25 Td (they ) Tj ET Q q 0 0 0 rg BT 273.30 674.25 Td (are ) Tj ET Q q 0 0 0 rg BT 287.55 674.25 Td (used ) Tj ET Q q 0 0 0 rg BT 307.93 674.25 Td (as ) Tj ET Q q 0 0 0 rg BT 318.31 674.25 Td (financing. ) Tj ET Q q 0 0 0 rg BT 360.47 674.25 Td (There ) Tj ET Q q 0 0 0 rg BT 385.84 674.25 Td (can ) Tj ET Q q 0 0 0 rg BT 401.76 674.25 Td (be ) Tj ET Q q 0 0 0 rg BT 413.25 674.25 Td (no ) Tj ET Q q 0 0 0 rg BT 425.30 674.25 Td (assurance ) Tj ET Q q 0 0 0 rg BT 466.21 674.25 Td (that ) Tj ET Q q 0 0 0 rg BT 483.26 674.25 Td (individual ) Tj ET Q q 0 0 0 rg BT 525.86 674.25 Td (incentive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 662.25 Td (programs ) Tj ET Q q 0 0 0 rg BT 107.78 662.25 Td (available ) Tj ET Q q 0 0 0 rg BT 146.37 662.25 Td (to ) Tj ET Q q 0 0 0 rg BT 156.66 662.25 Td (the ) Tj ET Q q 0 0 0 rg BT 171.38 662.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 212.78 662.25 Td (will ) Tj ET Q q 0 0 0 rg BT 230.84 662.25 Td (not ) Tj ET Q q 0 0 0 rg BT 246.13 662.25 Td (be ) Tj ET Q q 0 0 0 rg BT 258.07 662.25 Td (reduced, ) Tj ET Q q 0 0 0 rg BT 294.72 662.25 Td (amended ) Tj ET Q q 0 0 0 rg BT 333.33 662.25 Td (or ) Tj ET Q q 0 0 0 rg BT 344.16 662.25 Td (eliminated ) Tj ET Q q 0 0 0 rg BT 388.88 662.25 Td (or ) Tj ET Q q 0 0 0 rg BT 399.71 662.25 Td (that ) Tj ET Q q 0 0 0 rg BT 417.22 662.25 Td (the ) Tj ET Q q 0 0 0 rg BT 431.94 662.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 473.33 662.25 Td (or ) Tj ET Q q 0 0 0 rg BT 484.17 662.25 Td (any ) Tj ET Q q 0 0 0 rg BT 501.12 662.25 Td (production ) Tj ET Q q 0 0 0 rg BT 546.95 662.25 Td (will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 650.25 Td (qualify ) Tj ET Q q 0 0 0 rg BT 99.15 650.25 Td (for ) Tj ET Q q 0 0 0 rg BT 114.13 650.25 Td (them, ) Tj ET Q q 0 0 0 rg BT 139.95 650.25 Td (any ) Tj ET Q q 0 0 0 rg BT 157.71 650.25 Td (of ) Tj ET Q q 0 0 0 rg BT 169.36 650.25 Td (which ) Tj ET Q q 0 0 0 rg BT 197.12 650.25 Td (may ) Tj ET Q q 0 0 0 rg BT 217.66 650.25 Td (have ) Tj ET Q q 0 0 0 rg BT 239.86 650.25 Td (an ) Tj ET Q q 0 0 0 rg BT 252.62 650.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 286.47 650.25 Td (ef) Tj ET Q q 0 0 0 rg BT 294.06 650.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 312.37 650.25 Td (on ) Tj ET Q q 0 0 0 rg BT 325.69 650.25 Td (the ) Tj ET Q q 0 0 0 rg BT 341.23 650.25 Td (Company) Tj ET Q q 0 0 0 rg BT 382.90 650.25 Td (s ) Tj ET Q q 0 0 0 rg BT 390.11 650.25 Td (business, ) Tj ET Q q 0 0 0 rg BT 429.82 650.25 Td (results ) Tj ET Q q 0 0 0 rg BT 459.25 650.25 Td (of ) Tj ET Q q 0 0 0 rg BT 470.90 650.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 515.88 650.25 Td (or ) Tj ET Q q 0 0 0 rg BT 527.53 650.25 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 638.25 Td (condition. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 620.25 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 141.11 620.25 Td (the ) Tj ET Q q 0 0 0 rg BT 156.45 620.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 198.46 620.25 Td (could ) Tj ET Q q 0 0 0 rg BT 223.80 620.25 Td (lose ) Tj ET Q q 0 0 0 rg BT 243.03 620.25 Td (its ) Tj ET Q q 0 0 0 rg BT 255.60 620.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 284.27 620.25 Td (to ) Tj ET Q q 0 0 0 rg BT 295.17 620.25 Td (exploit ) Tj ET Q q 0 0 0 rg BT 326.07 620.25 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 366.96 620.25 Td (government ) Tj ET Q q 0 0 0 rg BT 417.84 620.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 433.18 620.25 Td (credits ) Tj ET Q q 0 0 0 rg BT 462.96 620.25 Td (and ) Tj ET Q q 0 0 0 rg BT 480.52 620.25 Td (incentives ) Tj ET Q q 0 0 0 rg BT 524.18 620.25 Td (described ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 608.25 Td (above ) Tj ET Q q 0 0 0 rg BT 93.73 608.25 Td (if ) Tj ET Q q 0 0 0 rg BT 102.19 608.25 Td (it ) Tj ET Q q 0 0 0 rg BT 110.09 608.25 Td (ceases ) Tj ET Q q 0 0 0 rg BT 137.98 608.25 Td (to ) Tj ET Q q 0 0 0 rg BT 148.11 608.25 Td (be ) Tj ET Q q 0 0 0 rg BT 159.90 608.25 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 208.89 608.25 Td (as ) Tj ET Q q 0 0 0 rg BT 219.57 608.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 251.90 608.25 Td (under ) Tj ET Q q 0 0 0 rg BT 277.02 608.25 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 291.59 608.25 Td (Investment ) Tj ET Q q 0 0 0 rg BT 337.25 608.25 Td (Canada ) Tj ET Q q 0 0 0 rg BT 371.10 608.25 Td (Act) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.43 608.25 Td ( ) Tj ET Q q 0 0 0 rg BT 386.78 608.25 Td (\(Canada\). ) Tj ET Q q 0 0 0 rg BT 428.27 608.25 Td (In ) Tj ET Q q 0 0 0 rg BT 438.96 608.25 Td (particular) Tj ET Q q 0 0 0 rg BT 476.87 608.25 Td (, ) Tj ET Q q 0 0 0 rg BT 481.72 608.25 Td (the ) Tj ET Q q 0 0 0 rg BT 496.28 608.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 537.52 608.25 Td (would ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 596.25 Td (not ) Tj ET Q q 0 0 0 rg BT 82.95 596.25 Td (qualify ) Tj ET Q q 0 0 0 rg BT 113.95 596.25 Td (as ) Tj ET Q q 0 0 0 rg BT 124.96 596.25 Td (a ) Tj ET Q q 0 0 0 rg BT 132.07 596.25 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 172.51 596.25 Td (if ) Tj ET Q q 0 0 0 rg BT 181.29 596.25 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 221.73 596.25 Td (nationals ) Tj ET Q q 0 0 0 rg BT 260.51 596.25 Td (cease ) Tj ET Q q 0 0 0 rg BT 284.83 596.25 Td (to ) Tj ET Q q 0 0 0 rg BT 295.28 596.25 Td (beneficially ) Tj ET Q q 0 0 0 rg BT 345.16 596.25 Td (own ) Tj ET Q q 0 0 0 rg BT 365.05 596.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 392.72 596.25 Td (of ) Tj ET Q q 0 0 0 rg BT 403.72 596.25 Td (the ) Tj ET Q q 0 0 0 rg BT 418.61 596.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 460.17 596.25 Td (having ) Tj ET Q q 0 0 0 rg BT 490.07 596.25 Td (more ) Tj ET Q q 0 0 0 rg BT 513.29 596.25 Td (than ) Tj ET Q q 0 0 0 rg BT 533.18 596.25 Td (50% ) Tj ET Q q 0 0 0 rg BT 554.18 596.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 584.25 Td (the ) Tj ET Q q 0 0 0 rg BT 81.76 584.25 Td (combined ) Tj ET Q q 0 0 0 rg BT 123.23 584.25 Td (voting ) Tj ET Q q 0 0 0 rg BT 150.83 584.25 Td (power ) Tj ET Q q 0 0 0 rg BT 177.86 584.25 Td (of 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(production ) Tj ET Q q 0 0 0 rg BT 302.45 572.25 Td (if, ) Tj ET Q q 0 0 0 rg BT 314.33 572.25 Td (among ) Tj ET Q q 0 0 0 rg BT 344.81 572.25 Td (other ) Tj ET Q q 0 0 0 rg BT 368.62 572.25 Td (things: ) Tj ET Q q 0 0 0 rg BT 399.12 572.25 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 411.82 572.25 Td (it ) Tj ET Q q 0 0 0 rg BT 420.64 572.25 Td (is ) Tj ET Q q 0 0 0 rg BT 430.58 572.25 Td (produced ) Tj ET Q q 0 0 0 rg BT 471.05 572.25 Td (by ) Tj ET Q q 0 0 0 rg BT 484.32 572.25 Td (Canadians ) Tj ET Q q 0 0 0 rg BT 529.24 572.25 Td (with ) Tj ET Q q 0 0 0 rg BT 550.29 572.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 560.25 Td (involvement ) Tj ET Q q 0 0 0 rg BT 120.14 560.25 Td (of ) Tj ET Q q 0 0 0 rg BT 131.11 560.25 Td (Canadians ) Tj ET Q q 0 0 0 rg BT 175.41 560.25 Td (in ) Tj ET Q q 0 0 0 rg BT 185.84 560.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 224.02 560.25 Td (functions; ) Tj ET Q q 0 0 0 rg BT 266.66 560.25 Td (and ) Tj ET Q q 0 0 0 rg BT 283.75 560.25 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 298.61 560.25 Td (a ) Tj ET Q q 0 0 0 rg BT 305.69 560.25 Td (substantial ) Tj ET Q q 0 0 0 rg BT 351.11 560.25 Td (portion ) Tj ET Q q 0 0 0 rg BT 382.65 560.25 Td (of ) Tj ET Q q 0 0 0 rg BT 393.62 560.25 Td (the ) Tj ET Q q 0 0 0 rg BT 408.48 560.25 Td (budget ) Tj ET Q q 0 0 0 rg BT 438.35 560.25 Td (is ) Tj ET Q q 0 0 0 rg BT 447.66 560.25 Td (spent ) Tj ET Q q 0 0 0 rg BT 471.42 560.25 Td (on ) Tj ET Q q 0 0 0 rg BT 484.06 560.25 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 524.47 560.25 Td (elements. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 548.25 Td (In ) Tj ET Q q 0 0 0 rg BT 77.08 548.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 113.61 548.25 Td (substantially ) Tj ET Q q 0 0 0 rg BT 165.41 548.25 Td (all ) Tj ET Q q 0 0 0 rg BT 176.66 548.25 Td (of ) Tj ET Q q 0 0 0 rg BT 186.24 548.25 Td (the ) Tj ET Q q 0 0 0 rg BT 199.71 548.25 Td (Company) Tj ET Q q 0 0 0 rg BT 241.38 548.25 Td (s ) Tj ET Q q 0 0 0 rg BT 246.52 548.25 Td (programs ) Tj ET Q q 0 0 0 rg BT 285.54 548.25 Td (are ) Tj ET Q q 0 0 0 rg BT 299.00 548.25 Td (contractually ) Tj ET Q q 0 0 0 rg BT 352.45 548.25 Td (required ) Tj ET Q q 0 0 0 rg BT 387.02 548.25 Td (by ) Tj ET Q q 0 0 0 rg BT 398.27 548.25 Td (broadcasters ) Tj ET Q q 0 0 0 rg BT 449.50 548.25 Td (to ) Tj ET Q q 0 0 0 rg BT 458.53 548.25 Td (be ) Tj ET Q q 0 0 0 rg BT 469.22 548.25 Td (certified ) Tj ET Q q 0 0 0 rg BT 503.78 548.25 Td (as ) Tj ET Q q 0 0 0 rg BT 513.37 548.25 Td (Canadian. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 536.25 Td (In ) Tj ET Q q 0 0 0 rg BT 77.38 536.25 Td (the ) Tj ET Q q 0 0 0 rg BT 91.15 536.25 Td (event ) Tj ET Q q 0 0 0 rg BT 114.35 536.25 Td (a ) Tj ET Q q 0 0 0 rg BT 120.34 536.25 Td (production ) Tj ET Q q 0 0 0 rg BT 165.21 536.25 Td (does ) Tj ET Q q 0 0 0 rg BT 185.09 536.25 Td (not ) Tj ET Q q 0 0 0 rg BT 199.42 536.25 Td (qualify ) Tj ET Q q 0 0 0 rg BT 229.29 536.25 Td (for ) Tj ET Q q 0 0 0 rg BT 242.50 536.25 Td (certification ) Tj ET Q q 0 0 0 rg BT 292.36 536.25 Td (as ) Tj ET Q q 0 0 0 rg BT 302.24 536.25 Td (Canadian, ) Tj ET Q q 0 0 0 rg BT 344.05 536.25 Td (the ) Tj ET Q q 0 0 0 rg BT 357.82 536.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 398.25 536.25 Td (would ) Tj ET Q q 0 0 0 rg BT 424.80 536.25 Td (be ) Tj ET Q q 0 0 0 rg BT 435.79 536.25 Td (in ) Tj ET Q q 0 0 0 rg BT 445.12 536.25 Td (default ) Tj ET Q q 0 0 0 rg BT 474.43 536.25 Td (under ) Tj ET Q q 0 0 0 rg BT 498.75 536.25 Td (any ) Tj ET Q q 0 0 0 rg BT 514.74 536.25 Td (government ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 524.25 Td (incentive ) Tj ET Q q 0 0 0 rg BT 106.66 524.25 Td (and ) Tj ET Q q 0 0 0 rg BT 123.61 524.25 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 164.44 524.25 Td (licenses ) Tj ET Q q 0 0 0 rg BT 198.61 524.25 Td (for ) Tj ET Q q 0 0 0 rg BT 212.78 524.25 Td (that ) Tj ET Q q 0 0 0 rg BT 230.29 524.25 Td (production. ) Tj ET Q q 0 0 0 rg BT 278.63 524.25 Td (In ) Tj ET Q q 0 0 0 rg BT 289.47 524.25 Td (the ) Tj ET Q q 0 0 0 rg BT 304.20 524.25 Td (event ) Tj ET Q q 0 0 0 rg BT 328.36 524.25 Td (of ) Tj ET Q q 0 0 0 rg BT 339.21 524.25 Td (such ) Tj ET Q q 0 0 0 rg BT 360.05 524.25 Td (default, ) Tj ET Q q 0 0 0 rg BT 392.82 524.25 Td (the ) Tj ET Q q 0 0 0 rg BT 407.55 524.25 Td (broadcaster ) Tj ET Q q 0 0 0 rg BT 456.15 524.25 Td (could ) Tj ET Q q 0 0 0 rg BT 480.88 524.25 Td (refuse ) Tj ET Q q 0 0 0 rg BT 507.82 524.25 Td (acceptance ) Tj ET Q q 0 0 0 rg BT 554.18 524.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 512.25 Td (the ) Tj ET Q q 0 0 0 rg BT 82.22 512.25 Td (Company) Tj ET Q q 0 0 0 rg BT 123.88 512.25 Td (s ) Tj ET Q q 0 0 0 rg BT 130.27 512.25 Td (productions. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 67.50 494.25 Td (Competition \(Production and Distribution\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 476.25 Td (For ) Tj ET Q q 0 0 0 rg BT 102.09 476.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 126.44 476.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 151.63 476.25 Td (a ) Tj ET Q q 0 0 0 rg BT 158.77 476.25 Td (material ) Tj ET Q q 0 0 0 rg BT 194.22 476.25 Td (portion ) Tj ET Q q 0 0 0 rg BT 225.80 476.25 Td (of ) Tj ET Q q 0 0 0 rg BT 236.83 476.25 Td (the ) Tj ET Q q 0 0 0 rg BT 251.74 476.25 Td (Company) Tj ET Q q 0 0 0 rg BT 293.41 476.25 Td (s ) Tj ET Q q 0 0 0 rg BT 299.99 476.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 338.22 476.25 Td (are ) Tj ET Q q 0 0 0 rg BT 353.13 476.25 Td (derived ) Tj ET Q q 0 0 0 rg BT 385.81 476.25 Td (from ) Tj ET Q q 0 0 0 rg BT 407.94 476.25 Td (the ) Tj ET Q q 0 0 0 rg BT 422.85 476.25 Td (production ) Tj ET Q q 0 0 0 rg BT 468.87 476.25 Td (and ) Tj ET Q q 0 0 0 rg BT 486.01 476.25 Td (distribution ) Tj ET Q q 0 0 0 rg BT 534.82 476.25 Td (of ) Tj ET Q q 0 0 0 rg BT 545.84 476.25 Td (film ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 464.25 Td (and ) Tj ET Q q 0 0 0 rg BT 84.29 464.25 Td (television ) Tj ET Q q 0 0 0 rg BT 125.53 464.25 Td (programs. ) Tj ET Q q 0 0 0 rg BT 167.98 464.25 Td (The ) Tj ET Q q 0 0 0 rg BT 185.88 464.25 Td (business ) Tj ET Q q 0 0 0 rg BT 222.13 464.25 Td (of ) Tj ET Q q 0 0 0 rg BT 232.81 464.25 Td (producing ) Tj ET Q q 0 0 0 rg BT 275.71 464.25 Td (and ) Tj ET Q q 0 0 0 rg BT 292.50 464.25 Td (distributing ) Tj ET Q q 0 0 0 rg BT 340.97 464.25 Td (film ) Tj ET Q q 0 0 0 rg BT 359.99 464.25 Td (and ) Tj ET Q q 0 0 0 rg BT 376.78 464.25 Td (television ) Tj ET Q q 0 0 0 rg BT 418.01 464.25 Td (programs ) Tj ET Q q 0 0 0 rg BT 458.14 464.25 Td (is ) Tj ET Q q 0 0 0 rg BT 467.16 464.25 Td (highly ) Tj ET Q q 0 0 0 rg BT 495.07 464.25 Td (competitive. ) Tj ET Q q 0 0 0 rg BT 546.96 464.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 452.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 109.17 452.25 Td (faces ) Tj ET Q q 0 0 0 rg BT 132.49 452.25 Td (intense ) Tj ET Q q 0 0 0 rg BT 163.59 452.25 Td (competition ) Tj ET Q q 0 0 0 rg BT 214.14 452.25 Td (with ) Tj ET Q q 0 0 0 rg BT 234.70 452.25 Td (other ) Tj ET Q q 0 0 0 rg BT 258.03 452.25 Td (producers ) Tj ET Q q 0 0 0 rg BT 300.24 452.25 Td (and ) Tj ET Q q 0 0 0 rg BT 317.46 452.25 Td (distributors, ) Tj ET Q q 0 0 0 rg BT 368.29 452.25 Td (many ) Tj ET Q q 0 0 0 rg BT 393.29 452.25 Td (of ) Tj ET Q q 0 0 0 rg BT 404.40 452.25 Td (whom ) Tj ET Q q 0 0 0 rg BT 432.18 452.25 Td (are ) Tj ET Q q 0 0 0 rg BT 447.17 452.25 Td (substantially ) Tj ET Q q 0 0 0 rg BT 500.50 452.25 Td (lar) Tj ET Q q 0 0 0 rg BT 510.87 452.25 Td (ger ) Tj ET Q q 0 0 0 rg BT 526.42 452.25 Td (and ) Tj ET Q q 0 0 0 rg BT 543.64 452.25 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 440.25 Td (greater ) Tj ET Q q 0 0 0 rg BT 97.15 440.25 Td (financial, ) Tj ET Q q 0 0 0 rg BT 136.54 440.25 Td (technical ) Tj ET Q q 0 0 0 rg BT 174.53 440.25 Td (and ) Tj ET Q q 0 0 0 rg BT 190.87 440.25 Td (marketing ) Tj ET Q q 0 0 0 rg BT 233.31 440.25 Td (resources ) Tj ET Q q 0 0 0 rg BT 272.97 440.25 Td (than ) Tj ET Q q 0 0 0 rg BT 292.09 440.25 Td (the ) Tj ET Q q 0 0 0 rg BT 306.20 440.25 Td (Company) Tj ET Q q 0 0 0 rg BT 344.44 440.25 Td (. ) Tj ET Q q 0 0 0 rg BT 348.70 440.25 Td (The ) Tj ET Q q 0 0 0 rg BT 366.15 440.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 406.94 440.25 Td (competes ) Tj ET Q q 0 0 0 rg BT 446.60 440.25 Td (with ) Tj ET Q q 0 0 0 rg BT 466.28 440.25 Td (other ) Tj ET Q q 0 0 0 rg BT 488.73 440.25 Td (television ) Tj ET Q q 0 0 0 rg BT 529.51 440.25 Td (and ) Tj ET Q q 0 0 0 rg BT 545.85 440.25 Td (film ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 428.25 Td (production ) Tj ET Q q 0 0 0 rg BT 114.40 428.25 Td (companies ) Tj ET Q q 0 0 0 rg BT 160.74 428.25 Td (for ) Tj ET Q q 0 0 0 rg BT 175.97 428.25 Td (ideas ) Tj ET Q q 0 0 0 rg BT 200.09 428.25 Td (and ) Tj ET Q q 0 0 0 rg BT 218.11 428.25 Td (storylines ) Tj ET Q q 0 0 0 rg BT 260.57 428.25 Td (created ) Tj ET Q q 0 0 0 rg BT 293.00 428.25 Td (by ) Tj ET Q q 0 0 0 rg BT 306.58 428.25 Td (third ) Tj ET Q q 0 0 0 rg BT 329.04 428.25 Td (parties ) Tj ET Q q 0 0 0 rg BT 359.27 428.25 Td (as ) Tj ET Q q 0 0 0 rg BT 371.17 428.25 Td (well ) Tj ET Q q 0 0 0 rg BT 391.96 428.25 Td (as ) Tj ET Q q 0 0 0 rg BT 403.87 428.25 Td (for ) Tj ET Q q 0 0 0 rg BT 419.10 428.25 Td (actors, ) Tj ET Q q 0 0 0 rg BT 449.05 428.25 Td (directors, ) Tj ET Q q 0 0 0 rg BT 490.11 428.25 Td (writers, ) Tj ET Q q 0 0 0 rg BT 523.96 428.25 Td (and ) Tj ET Q q 0 0 0 rg BT 541.97 428.25 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 416.25 Td (personnel ) Tj ET Q q 0 0 0 rg BT 108.83 416.25 Td (required ) Tj ET Q q 0 0 0 rg BT 144.59 416.25 Td (for ) Tj ET Q q 0 0 0 rg BT 158.70 416.25 Td (a ) Tj ET Q q 0 0 0 rg BT 165.59 416.25 Td (production. ) Tj ET Q q 0 0 0 rg BT 213.69 416.25 Td (The ) Tj ET Q q 0 0 0 rg BT 231.69 416.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 273.02 416.25 Td (may ) Tj ET Q q 0 0 0 rg BT 292.69 416.25 Td (not ) Tj ET Q q 0 0 0 rg BT 307.92 416.25 Td (be ) Tj ET Q q 0 0 0 rg BT 319.81 416.25 Td (successful ) Tj ET Q q 0 0 0 rg BT 363.36 416.25 Td (in ) Tj ET Q q 0 0 0 rg BT 373.59 416.25 Td (any ) Tj ET Q q 0 0 0 rg BT 390.47 416.25 Td (of ) Tj ET Q q 0 0 0 rg BT 401.25 416.25 Td (these ) Tj ET Q q 0 0 0 rg BT 424.25 416.25 Td (ef) Tj ET Q q 0 0 0 rg BT 431.84 416.25 Td (forts ) Tj ET Q q 0 0 0 rg BT 452.62 416.25 Td (which ) Tj ET Q q 0 0 0 rg BT 479.51 416.25 Td (may ) Tj ET Q q 0 0 0 rg BT 499.18 416.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 539.94 416.25 Td (af) Tj ET Q q 0 0 0 rg BT 547.53 416.25 Td (fect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 404.25 Td (business, ) Tj ET Q q 0 0 0 rg BT 106.39 404.25 Td (results ) Tj ET Q q 0 0 0 rg BT 135.00 404.25 Td (of ) Tj ET Q q 0 0 0 rg BT 145.83 404.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 189.99 404.25 Td (or ) Tj ET Q q 0 0 0 rg BT 200.82 404.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 238.30 404.25 Td (condition.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 386.25 Td (The ) Tj ET Q q 0 0 0 rg BT 103.70 386.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 145.24 386.25 Td (intends ) Tj ET Q q 0 0 0 rg BT 176.79 386.25 Td (to ) Tj ET Q q 0 0 0 rg BT 187.22 386.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 222.63 386.25 Td (its ) Tj ET Q q 0 0 0 rg BT 234.73 386.25 Td (penetration ) Tj ET Q q 0 0 0 rg BT 282.37 386.25 Td (of ) Tj ET Q q 0 0 0 rg BT 293.35 386.25 Td (the ) Tj ET Q q 0 0 0 rg BT 308.23 386.25 Td (prime-time ) Tj ET Q q 0 0 0 rg BT 355.31 386.25 Td (television ) Tj ET Q q 0 0 0 rg BT 396.85 386.25 Td (network ) Tj ET Q q 0 0 0 rg BT 432.27 386.25 Td (market. ) Tj ET Q q 0 0 0 rg BT 465.00 386.25 Td (The ) Tj ET Q q 0 0 0 rg BT 483.20 386.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 524.74 386.25 Td (competes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 374.25 Td (for ) Tj ET Q q 0 0 0 rg BT 81.94 374.25 Td (time ) Tj ET Q q 0 0 0 rg BT 102.50 374.25 Td (slots ) Tj ET Q q 0 0 0 rg BT 123.62 374.25 Td (with ) Tj ET Q q 0 0 0 rg BT 144.17 374.25 Td (a ) Tj ET Q q 0 0 0 rg BT 151.39 374.25 Td (variety ) Tj ET Q q 0 0 0 rg BT 181.94 374.25 Td (of ) Tj ET Q q 0 0 0 rg BT 193.05 374.25 Td (companies ) Tj ET Q q 0 0 0 rg BT 238.59 374.25 Td (which ) Tj ET Q q 0 0 0 rg BT 265.81 374.25 Td (produce ) Tj ET Q q 0 0 0 rg BT 300.80 374.25 Td (televised ) Tj ET Q q 0 0 0 rg BT 339.12 374.25 Td (programming. ) Tj ET Q q 0 0 0 rg BT 398.64 374.25 Td (The ) Tj ET Q q 0 0 0 rg BT 416.96 374.25 Td (number ) Tj ET Q q 0 0 0 rg BT 450.29 374.25 Td (of ) Tj ET Q q 0 0 0 rg BT 461.40 374.25 Td (network ) Tj ET Q q 0 0 0 rg BT 496.95 374.25 Td (prime-time ) Tj ET Q q 0 0 0 rg BT 544.16 374.25 Td (slots ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 362.25 Td (remains ) Tj ET Q q 0 0 0 rg BT 101.51 362.25 Td (limited ) Tj ET Q q 0 0 0 rg BT 132.20 362.25 Td (\(a ) Tj ET Q q 0 0 0 rg BT 142.32 362.25 Td (slot ) Tj ET Q q 0 0 0 rg BT 168.00 362.25 Td (being ) Tj ET Q q 0 0 0 rg BT 192.57 362.25 Td (a ) Tj ET Q q 0 0 0 rg BT 199.36 362.25 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 240.03 362.25 Td (time ) Tj ET Q q 0 0 0 rg BT 260.16 362.25 Td (period ) Tj ET Q q 0 0 0 rg BT 288.06 362.25 Td (for ) Tj ET Q q 0 0 0 rg BT 302.08 362.25 Td (a ) Tj ET Q q 0 0 0 rg BT 308.87 362.25 Td (program\), ) Tj ET Q q 0 0 0 rg BT 350.94 362.25 Td (even ) Tj ET Q q 0 0 0 rg BT 372.17 362.25 Td (though ) Tj ET Q q 0 0 0 rg BT 402.30 362.25 Td (the ) Tj ET Q q 0 0 0 rg BT 416.87 362.25 Td (total ) Tj ET Q q 0 0 0 rg BT 437.00 362.25 Td (number ) Tj ET Q q 0 0 0 rg BT 469.90 362.25 Td (of ) Tj ET Q q 0 0 0 rg BT 480.59 362.25 Td (outlets ) Tj ET Q q 0 0 0 rg BT 509.61 362.25 Td (for ) Tj ET Q q 0 0 0 rg BT 523.62 362.25 Td (television ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 350.25 Td (programming ) Tj ET Q q 0 0 0 rg BT 124.79 350.25 Td (has ) Tj ET Q q 0 0 0 rg BT 140.97 350.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 181.58 350.25 Td (over ) Tj ET Q q 0 0 0 rg BT 202.20 350.25 Td (the ) Tj ET Q q 0 0 0 rg BT 217.27 350.25 Td (last ) Tj ET Q q 0 0 0 rg BT 234.01 350.25 Td (decade. ) Tj ET Q q 0 0 0 rg BT 267.12 350.25 Td (Competition ) Tj ET Q q 0 0 0 rg BT 319.98 350.25 Td (created ) Tj ET Q q 0 0 0 rg BT 351.69 350.25 Td (by ) Tj ET Q q 0 0 0 rg BT 364.55 350.25 Td (the ) Tj ET Q q 0 0 0 rg BT 379.62 350.25 Td (emer) Tj ET Q q 0 0 0 rg BT 399.42 350.25 Td (gence ) Tj ET Q q 0 0 0 rg BT 425.59 350.25 Td (of ) Tj ET Q q 0 0 0 rg BT 436.77 350.25 Td (new ) Tj ET Q q 0 0 0 rg BT 456.29 350.25 Td (broadcasters ) Tj ET Q q 0 0 0 rg BT 509.12 350.25 Td (has ) Tj ET Q q 0 0 0 rg BT 525.30 350.25 Td (generally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 338.25 Td (caused ) Tj ET Q q 0 0 0 rg BT 97.07 338.25 Td (the ) Tj ET Q q 0 0 0 rg BT 111.65 338.25 Td (market ) Tj ET Q q 0 0 0 rg BT 141.78 338.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 169.13 338.25 Td (of ) Tj ET Q q 0 0 0 rg BT 179.82 338.25 Td (the ) Tj ET Q q 0 0 0 rg BT 194.40 338.25 Td (major ) Tj ET Q q 0 0 0 rg BT 220.09 338.25 Td (networks ) Tj ET Q q 0 0 0 rg BT 259.12 338.25 Td (to ) Tj ET Q q 0 0 0 rg BT 269.26 338.25 Td (decrease. ) Tj ET Q q 0 0 0 rg BT 308.54 338.25 Td (Even ) Tj ET Q q 0 0 0 rg BT 331.45 338.25 Td (so, ) Tj ET Q q 0 0 0 rg BT 345.20 338.25 Td (the ) Tj ET Q q 0 0 0 rg BT 359.78 338.25 Td (licence ) Tj ET Q q 0 0 0 rg BT 390.45 338.25 Td (fees ) Tj ET Q q 0 0 0 rg BT 408.92 338.25 Td (paid ) Tj ET Q q 0 0 0 rg BT 428.50 338.25 Td (by ) Tj ET Q q 0 0 0 rg BT 440.86 338.25 Td (the ) Tj ET Q q 0 0 0 rg BT 455.44 338.25 Td (major ) Tj ET Q q 0 0 0 rg BT 481.13 338.25 Td (networks ) Tj ET Q q 0 0 0 rg BT 520.15 338.25 Td (remain ) Tj ET Q q 0 0 0 rg BT 550.28 338.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 326.25 Td (most ) Tj ET Q q 0 0 0 rg BT 89.49 326.25 Td (lucrative. ) Tj ET Q q 0 0 0 rg BT 128.95 326.25 Td (As ) Tj ET Q q 0 0 0 rg BT 142.60 326.25 Td (a ) Tj ET Q q 0 0 0 rg BT 149.58 326.25 Td (result, ) Tj ET Q q 0 0 0 rg BT 176.84 326.25 Td (there ) Tj ET Q q 0 0 0 rg BT 199.36 326.25 Td (continues ) Tj ET Q q 0 0 0 rg BT 240.23 326.25 Td (to ) Tj ET Q q 0 0 0 rg BT 250.55 326.25 Td (be ) Tj ET Q q 0 0 0 rg BT 262.53 326.25 Td (intense ) Tj ET Q q 0 0 0 rg BT 293.39 326.25 Td (competition ) Tj ET Q q 0 0 0 rg BT 343.70 326.25 Td (for ) Tj ET Q q 0 0 0 rg BT 357.90 326.25 Td (the ) Tj ET Q q 0 0 0 rg BT 372.66 326.25 Td (time ) Tj ET Q q 0 0 0 rg BT 392.98 326.25 Td (slots ) Tj ET Q q 0 0 0 rg BT 413.86 326.25 Td (of) Tj ET Q q 0 0 0 rg BT 422.00 326.25 Td (fered ) Tj ET Q q 0 0 0 rg BT 445.08 326.25 Td (by ) Tj ET Q q 0 0 0 rg BT 457.62 326.25 Td (those ) Tj ET Q q 0 0 0 rg BT 481.27 326.25 Td (networks. ) Tj ET Q q 0 0 0 rg BT 522.79 326.25 Td (There ) Tj ET Q q 0 0 0 rg BT 548.65 326.25 Td (can ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 314.25 Td (be ) Tj ET Q q 0 0 0 rg BT 78.56 314.25 Td (no ) Tj ET Q q 0 0 0 rg BT 90.18 314.25 Td (assurance ) Tj ET Q q 0 0 0 rg BT 130.67 314.25 Td (that ) Tj ET Q q 0 0 0 rg BT 147.28 314.25 Td (the ) Tj ET Q q 0 0 0 rg BT 161.12 314.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 201.63 314.25 Td (will ) Tj ET Q q 0 0 0 rg BT 218.80 314.25 Td (be ) Tj ET Q q 0 0 0 rg BT 229.86 314.25 Td (able ) Tj ET Q q 0 0 0 rg BT 248.14 314.25 Td (to ) Tj ET Q q 0 0 0 rg BT 257.53 314.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 291.91 314.25 Td (its ) Tj ET Q q 0 0 0 rg BT 302.98 314.25 Td (penetration ) Tj ET Q q 0 0 0 rg BT 349.58 314.25 Td (of ) Tj ET Q q 0 0 0 rg BT 359.53 314.25 Td (the ) Tj ET Q q 0 0 0 rg BT 373.36 314.25 Td (prime-time ) Tj ET Q q 0 0 0 rg BT 419.41 314.25 Td (network ) Tj ET Q q 0 0 0 rg BT 453.80 314.25 Td (market ) Tj ET Q q 0 0 0 rg BT 483.19 314.25 Td (or ) Tj ET Q q 0 0 0 rg BT 493.14 314.25 Td (obtain ) Tj ET Q q 0 0 0 rg BT 519.75 314.25 Td (favourable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 302.25 Td (programming ) Tj ET Q q 0 0 0 rg BT 124.43 302.25 Td (slots, ) Tj ET Q q 0 0 0 rg BT 147.77 302.25 Td (the ) Tj ET Q q 0 0 0 rg BT 162.49 302.25 Td (failure ) Tj ET Q q 0 0 0 rg BT 191.08 302.25 Td (to ) Tj ET Q q 0 0 0 rg BT 201.36 302.25 Td (do ) Tj ET Q q 0 0 0 rg BT 213.86 302.25 Td (so ) Tj ET Q q 0 0 0 rg BT 225.25 302.25 Td (may ) Tj ET Q q 0 0 0 rg BT 244.97 302.25 Td (have ) Tj ET Q q 0 0 0 rg BT 266.35 302.25 Td (a ) Tj ET Q q 0 0 0 rg BT 273.29 302.25 Td (negative ) Tj ET Q q 0 0 0 rg BT 309.66 302.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 339.37 302.25 Td (on ) Tj ET Q q 0 0 0 rg BT 351.87 302.25 Td (the ) Tj ET Q q 0 0 0 rg BT 366.59 302.25 Td (Company) Tj ET Q q 0 0 0 rg BT 408.25 302.25 Td (s ) Tj ET Q q 0 0 0 rg BT 414.64 302.25 Td (business.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 67.50 284.25 Td (Limited ) Tj ET Q q 0 0 0 rg BT 101.29 284.25 Td (Ability to Exploit Film and T) Tj ET Q q 0 0 0 rg BT 219.55 284.25 Td (elevision Content) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 290.94 284.25 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 293.44 284.25 Td (Library) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 266.25 Td (The ) Tj ET Q q 0 0 0 rg BT 103.85 266.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 145.54 266.25 Td (depends ) Tj ET Q q 0 0 0 rg BT 181.11 266.25 Td (on ) Tj ET Q q 0 0 0 rg BT 193.91 266.25 Td (a ) Tj ET Q q 0 0 0 rg BT 201.15 266.25 Td (limited ) Tj ET Q q 0 0 0 rg BT 232.28 266.25 Td (number ) Tj ET Q q 0 0 0 rg BT 265.63 266.25 Td (of ) Tj ET Q q 0 0 0 rg BT 276.76 266.25 Td (titles ) Tj ET Q q 0 0 0 rg BT 299.01 266.25 Td (for ) Tj ET Q q 0 0 0 rg BT 313.47 266.25 Td (a ) Tj ET Q q 0 0 0 rg BT 320.71 266.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 365.72 266.25 Td (portion ) Tj ET Q q 0 0 0 rg BT 397.41 266.25 Td (of ) Tj ET Q q 0 0 0 rg BT 408.54 266.25 Td (the ) Tj ET Q q 0 0 0 rg BT 423.56 266.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 461.90 266.25 Td (generated ) Tj ET Q q 0 0 0 rg BT 503.56 266.25 Td (by ) Tj ET Q q 0 0 0 rg BT 516.37 266.25 Td (its ) Tj ET Q q 0 0 0 rg BT 528.62 266.25 Td (film ) Tj ET Q q 0 0 0 rg BT 548.08 266.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 254.25 Td (television ) Tj ET Q q 0 0 0 rg BT 108.89 254.25 Td (content ) Tj ET Q q 0 0 0 rg BT 140.84 254.25 Td (library) Tj ET Q q 0 0 0 rg BT 166.85 254.25 Td (. ) Tj ET Q q 0 0 0 rg BT 171.86 254.25 Td (In ) Tj ET Q q 0 0 0 rg BT 182.70 254.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 220.49 254.25 Td (many ) Tj ET Q q 0 0 0 rg BT 245.21 254.25 Td (of ) Tj ET Q q 0 0 0 rg BT 256.06 254.25 Td (the ) Tj ET Q q 0 0 0 rg BT 270.79 254.25 Td (titles ) Tj ET Q q 0 0 0 rg BT 292.74 254.25 Td (in ) Tj ET Q q 0 0 0 rg BT 303.03 254.25 Td (its ) Tj ET Q q 0 0 0 rg BT 314.99 254.25 Td (library ) Tj ET Q q 0 0 0 rg BT 344.16 254.25 Td (are ) Tj ET Q q 0 0 0 rg BT 358.88 254.25 Td (not ) Tj ET Q q 0 0 0 rg BT 374.17 254.25 Td (presently ) Tj ET Q q 0 0 0 rg BT 413.34 254.25 Td (distributed ) Tj ET Q q 0 0 0 rg BT 458.62 254.25 Td (and ) Tj ET Q q 0 0 0 rg BT 475.57 254.25 Td (generate ) Tj ET Q q 0 0 0 rg BT 511.95 254.25 Td (substantially ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 242.25 Td (no ) Tj ET Q q 0 0 0 rg BT 81.74 242.25 Td (revenue. ) Tj ET Q q 0 0 0 rg BT 120.13 242.25 Td (If ) Tj ET Q q 0 0 0 rg BT 131.03 242.25 Td (the ) Tj ET Q q 0 0 0 rg BT 147.49 242.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 190.62 242.25 Td (cannot ) Tj ET Q q 0 0 0 rg BT 221.52 242.25 Td (acquire ) Tj ET Q q 0 0 0 rg BT 255.19 242.25 Td (new ) Tj ET Q q 0 0 0 rg BT 276.09 242.25 Td (products ) Tj ET Q q 0 0 0 rg BT 314.77 242.25 Td (and ) Tj ET Q q 0 0 0 rg BT 333.45 242.25 Td (rights ) Tj ET Q q 0 0 0 rg BT 360.47 242.25 Td (to ) Tj ET Q q 0 0 0 rg BT 372.49 242.25 Td (popular ) Tj ET Q q 0 0 0 rg BT 407.28 242.25 Td (titles ) Tj ET Q q 0 0 0 rg BT 430.97 242.25 Td (through ) Tj ET Q q 0 0 0 rg BT 466.32 242.25 Td (production, ) Tj ET Q q 0 0 0 rg BT 516.39 242.25 Td (distribution ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 230.25 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 118.67 230.25 Td (acquisitions, ) Tj ET Q q 0 0 0 rg BT 172.08 230.25 Td (mer) Tj ET Q q 0 0 0 rg BT 187.45 230.25 Td (gers, ) Tj ET Q q 0 0 0 rg BT 209.74 230.25 Td (joint ) Tj ET Q q 0 0 0 rg BT 231.22 230.25 Td (ventures ) Tj ET Q q 0 0 0 rg BT 268.23 230.25 Td (or ) Tj ET Q q 0 0 0 rg BT 279.70 230.25 Td (other ) Tj ET Q q 0 0 0 rg BT 303.38 230.25 Td (strategic ) Tj ET Q q 0 0 0 rg BT 340.39 230.25 Td (alliances, ) Tj ET Q q 0 0 0 rg BT 381.01 230.25 Td (it ) Tj ET Q q 0 0 0 rg BT 389.70 230.25 Td (could ) Tj ET Q q 0 0 0 rg BT 415.06 230.25 Td (have ) Tj ET Q q 0 0 0 rg BT 437.07 230.25 Td (a ) Tj ET Q q 0 0 0 rg BT 444.65 230.25 Td (material ) Tj ET Q q 0 0 0 rg BT 480.54 230.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 514.22 230.25 Td (ef) Tj ET Q q 0 0 0 rg BT 521.80 230.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 539.93 230.25 Td (on ) Tj ET Q q 0 0 0 rg BT 553.06 230.25 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 218.25 Td (business, ) Tj ET Q q 0 0 0 rg BT 106.39 218.25 Td (results ) Tj ET Q q 0 0 0 rg BT 135.00 218.25 Td (of ) Tj ET Q q 0 0 0 rg BT 145.83 218.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 189.99 218.25 Td (or ) Tj ET Q q 0 0 0 rg BT 200.82 218.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 238.30 218.25 Td (condition.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 67.50 200.25 Td (Protecting and Defending ) Tj ET Q q 0 0 0 rg BT 176.29 200.25 Td (Against Intellectual Property Claims ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 182.25 Td (The ) Tj ET Q q 0 0 0 rg BT 103.42 182.25 Td (Company) Tj ET Q q 0 0 0 rg BT 145.08 182.25 Td (s ) Tj ET Q q 0 0 0 rg BT 151.34 182.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 179.26 182.25 Td (to ) Tj ET Q q 0 0 0 rg BT 189.41 182.25 Td (compete ) Tj ET Q q 0 0 0 rg BT 225.65 182.25 Td (depends, ) Tj ET Q q 0 0 0 rg BT 263.29 182.25 Td (in ) Tj ET Q q 0 0 0 rg BT 273.44 182.25 Td (part, ) Tj ET Q q 0 0 0 rg BT 293.86 182.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 316.23 182.25 Td (successful ) Tj ET Q q 0 0 0 rg BT 359.69 182.25 Td (protection ) Tj ET Q q 0 0 0 rg BT 402.61 182.25 Td (of ) Tj ET Q q 0 0 0 rg BT 413.31 182.25 Td (its ) Tj ET Q q 0 0 0 rg BT 425.12 182.25 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 471.92 182.25 Td (property) Tj ET Q q 0 0 0 rg BT 505.14 182.25 Td (. ) Tj ET Q q 0 0 0 rg BT 510.01 182.25 Td (Furthermore, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 170.25 Td (the ) Tj ET Q q 0 0 0 rg BT 82.82 170.25 Td (Company) Tj ET Q q 0 0 0 rg BT 124.48 170.25 Td (s ) Tj ET Q q 0 0 0 rg BT 131.48 170.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 170.12 170.25 Td (are ) Tj ET Q q 0 0 0 rg BT 185.43 170.25 Td (dependent ) Tj ET Q q 0 0 0 rg BT 229.62 170.25 Td (on ) Tj ET Q q 0 0 0 rg BT 242.72 170.25 Td (the ) Tj ET Q q 0 0 0 rg BT 258.04 170.25 Td (unrestricted ) Tj ET Q q 0 0 0 rg BT 308.35 170.25 Td (ownership ) Tj ET Q q 0 0 0 rg BT 353.11 170.25 Td (of ) Tj ET Q q 0 0 0 rg BT 364.54 170.25 Td (its ) Tj ET Q q 0 0 0 rg BT 377.09 170.25 Td (rights ) Tj ET Q q 0 0 0 rg BT 402.97 170.25 Td (to ) Tj ET Q q 0 0 0 rg BT 413.85 170.25 Td (television ) Tj ET Q q 0 0 0 rg BT 455.84 170.25 Td (and ) Tj ET Q q 0 0 0 rg BT 473.38 170.25 Td (film ) Tj ET Q q 0 0 0 rg BT 493.14 170.25 Td (productions. ) Tj ET Q q 0 0 0 rg BT 545.28 170.25 Td (Any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 158.25 Td (successful ) Tj ET Q q 0 0 0 rg BT 111.16 158.25 Td (claims ) Tj ET Q q 0 0 0 rg BT 139.83 158.25 Td (to ) Tj ET Q q 0 0 0 rg BT 150.17 158.25 Td (the ) Tj ET Q q 0 0 0 rg BT 164.95 158.25 Td (ownership ) Tj ET Q q 0 0 0 rg BT 209.17 158.25 Td (of ) Tj ET Q q 0 0 0 rg BT 220.06 158.25 Td (these ) Tj ET Q q 0 0 0 rg BT 243.17 158.25 Td (intangible ) Tj ET Q q 0 0 0 rg BT 285.72 158.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 311.62 158.25 Td (could ) Tj ET Q q 0 0 0 rg BT 336.40 158.25 Td (hinder ) Tj ET Q q 0 0 0 rg BT 364.51 158.25 Td (the ) Tj ET Q q 0 0 0 rg BT 379.29 158.25 Td (Company) Tj ET Q q 0 0 0 rg BT 420.95 158.25 Td (s ) Tj ET Q q 0 0 0 rg BT 427.40 158.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 455.52 158.25 Td (to ) Tj ET Q q 0 0 0 rg BT 465.86 158.25 Td (exploit ) Tj ET Q q 0 0 0 rg BT 496.20 158.25 Td (these ) Tj ET Q q 0 0 0 rg BT 519.30 158.25 Td (rights. ) Tj ET Q q 0 0 0 rg BT 546.96 158.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 146.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 108.16 146.25 Td (does ) Tj ET Q q 0 0 0 rg BT 128.26 146.25 Td (not ) Tj ET Q q 0 0 0 rg BT 142.81 146.25 Td (have ) Tj ET Q q 0 0 0 rg BT 163.46 146.25 Td (the ) Tj ET Q q 0 0 0 rg BT 177.45 146.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 214.20 146.25 Td (resources ) Tj ET Q q 0 0 0 rg BT 253.73 146.25 Td (to ) Tj ET Q q 0 0 0 rg BT 263.28 146.25 Td (protect ) Tj ET Q q 0 0 0 rg BT 292.81 146.25 Td (its ) Tj ET Q q 0 0 0 rg BT 304.03 146.25 Td (rights ) Tj ET Q q 0 0 0 rg BT 328.58 146.25 Td (to ) Tj ET Q q 0 0 0 rg BT 338.13 146.25 Td (the ) Tj ET Q q 0 0 0 rg BT 352.12 146.25 Td (same ) Tj ET Q q 0 0 0 rg BT 374.44 146.25 Td (extent ) Tj ET Q q 0 0 0 rg BT 400.64 146.25 Td (as ) Tj ET Q q 0 0 0 rg BT 410.75 146.25 Td (some ) Tj ET Q q 0 0 0 rg BT 433.63 146.25 Td (of ) Tj ET Q q 0 0 0 rg BT 443.73 146.25 Td (its ) Tj ET Q q 0 0 0 rg BT 454.95 146.25 Td (competitors. ) Tj ET Q q 0 0 0 rg BT 506.30 146.25 Td (The ) Tj ET Q q 0 0 0 rg BT 523.62 146.25 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 134.25 Td (attempts ) Tj ET Q q 0 0 0 rg BT 104.10 134.25 Td (to ) Tj ET Q q 0 0 0 rg BT 114.59 134.25 Td (protect ) Tj ET Q q 0 0 0 rg BT 145.07 134.25 Td (proprietary ) Tj ET Q q 0 0 0 rg BT 192.20 134.25 Td (and ) Tj ET Q q 0 0 0 rg BT 209.36 134.25 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 256.49 134.25 Td (property ) Tj ET Q q 0 0 0 rg BT 293.08 134.25 Td (rights ) Tj ET Q q 0 0 0 rg BT 318.58 134.25 Td (to ) Tj ET Q q 0 0 0 rg BT 329.07 134.25 Td (its ) Tj ET Q q 0 0 0 rg BT 341.23 134.25 Td (productions ) Tj ET Q q 0 0 0 rg BT 391.16 134.25 Td (through ) Tj ET Q q 0 0 0 rg BT 424.98 134.25 Td (available ) Tj ET Q q 0 0 0 rg BT 463.79 134.25 Td (copyright ) Tj ET Q q 0 0 0 rg BT 504.83 134.25 Td (and ) Tj ET Q q 0 0 0 rg BT 521.98 134.25 Td (trademark ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 122.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 87.33 122.25 Td (in ) Tj ET Q q 0 0 0 rg BT 96.61 122.25 Td (a ) Tj ET Q q 0 0 0 rg BT 102.55 122.25 Td (number ) Tj ET Q q 0 0 0 rg BT 134.60 122.25 Td (of ) Tj ET Q q 0 0 0 rg BT 144.43 122.25 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 195.38 122.25 Td (and ) Tj ET Q q 0 0 0 rg BT 211.32 122.25 Td (licensing ) Tj ET Q q 0 0 0 rg BT 248.92 122.25 Td (and ) Tj ET Q q 0 0 0 rg BT 264.86 122.25 Td (distribution ) Tj ET Q q 0 0 0 rg BT 312.48 122.25 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 367.84 122.25 Td (with ) Tj ET Q q 0 0 0 rg BT 387.12 122.25 Td (reputable ) Tj ET Q q 0 0 0 rg BT 425.82 122.25 Td (international ) Tj ET Q q 0 0 0 rg BT 477.86 122.25 Td (companies ) Tj ET Q q 0 0 0 rg BT 522.13 122.25 Td (in ) Tj ET Q q 0 0 0 rg BT 531.41 122.25 Td (specific ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 110.25 Td (territories ) Tj ET Q q 0 0 0 rg BT 107.89 110.25 Td (and ) Tj ET Q q 0 0 0 rg BT 123.84 110.25 Td (media ) Tj ET Q q 0 0 0 rg BT 149.79 110.25 Td (for ) Tj ET Q q 0 0 0 rg BT 162.96 110.25 Td (limited ) Tj ET Q q 0 0 0 rg BT 192.80 110.25 Td (durations. ) Tj ET Q q 0 0 0 rg BT 234.03 110.25 Td (Despite ) Tj ET Q q 0 0 0 rg BT 266.09 110.25 Td (these ) Tj ET Q q 0 0 0 rg BT 288.15 110.25 Td (precautions, ) Tj ET Q q 0 0 0 rg BT 338.26 110.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 371.44 110.25 Td (copyright ) Tj ET Q q 0 0 0 rg BT 411.28 110.25 Td (and ) Tj ET Q q 0 0 0 rg BT 427.23 110.25 Td (trademark ) Tj ET Q q 0 0 0 rg BT 469.28 110.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 489.12 110.25 Td (af) Tj ET Q q 0 0 0 rg BT 496.71 110.25 Td (ford ) Tj ET Q q 0 0 0 rg BT 514.88 110.25 Td (only ) Tj ET Q q 0 0 0 rg BT 534.17 110.25 Td (limited ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 98.25 Td (practical ) Tj ET Q q 0 0 0 rg BT 103.32 98.25 Td (protection ) Tj ET Q q 0 0 0 rg BT 145.25 98.25 Td (in ) Tj ET Q q 0 0 0 rg BT 154.43 98.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 183.03 98.25 Td (countries ) Tj ET Q q 0 0 0 rg BT 221.08 98.25 Td (in ) Tj ET Q q 0 0 0 rg BT 230.25 98.25 Td (which ) Tj ET Q q 0 0 0 rg BT 256.09 98.25 Td (the ) Tj ET Q q 0 0 0 rg BT 269.70 98.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 309.99 98.25 Td (may ) Tj ET Q q 0 0 0 rg BT 328.60 98.25 Td (distribute ) Tj ET Q q 0 0 0 rg BT 367.77 98.25 Td (its ) Tj ET Q q 0 0 0 rg BT 378.61 98.25 Td (products ) Tj ET Q q 0 0 0 rg BT 414.45 98.25 Td (and ) Tj ET Q q 0 0 0 rg BT 430.28 98.25 Td (in ) Tj ET Q q 0 0 0 rg BT 439.46 98.25 Td (other ) Tj ET Q q 0 0 0 rg BT 461.40 98.25 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 512.24 98.25 Td (no ) Tj ET Q q 0 0 0 rg BT 523.64 98.25 Td (assurance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 86.25 Td (can ) Tj ET Q q 0 0 0 rg BT 83.05 86.25 Td (be ) Tj ET Q q 0 0 0 rg BT 94.17 86.25 Td (given ) Tj ET Q q 0 0 0 rg BT 118.06 86.25 Td (that ) Tj ET Q q 0 0 0 rg BT 134.73 86.25 Td (challenges ) Tj ET Q q 0 0 0 rg BT 178.61 86.25 Td (will ) Tj ET Q q 0 0 0 rg BT 195.84 86.25 Td (not ) Tj ET Q q 0 0 0 rg BT 210.30 86.25 Td (be ) Tj ET Q q 0 0 0 rg BT 221.41 86.25 Td (made ) Tj ET Q q 0 0 0 rg BT 244.74 86.25 Td (to ) Tj ET Q q 0 0 0 rg BT 254.20 86.25 Td (the ) Tj ET Q q 0 0 0 rg BT 268.09 86.25 Td (Company) Tj ET Q q 0 0 0 rg BT 309.76 86.25 Td (s ) Tj ET Q q 0 0 0 rg BT 315.33 86.25 Td (copyright ) Tj ET Q q 0 0 0 rg BT 355.33 86.25 Td (and ) Tj ET Q q 0 0 0 rg BT 371.44 86.25 Td (trade-marks. ) Tj ET Q q 0 0 0 rg BT 423.37 86.25 Td (In ) Tj ET Q q 0 0 0 rg BT 433.38 86.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 470.33 86.25 Td (technological ) Tj ET Q q 0 0 0 rg BT 525.87 86.25 Td (advances ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 74.25 Td (and ) Tj ET Q q 0 0 0 rg BT 83.45 74.25 Td (conversion ) Tj ET Q q 0 0 0 rg BT 128.85 74.25 Td (of ) Tj ET Q q 0 0 0 rg BT 138.69 74.25 Td (film ) Tj ET Q q 0 0 0 rg BT 156.87 74.25 Td (and ) Tj ET Q q 0 0 0 rg BT 172.82 74.25 Td (television ) Tj ET Q q 0 0 0 rg BT 213.22 74.25 Td (programs ) Tj ET Q q 0 0 0 rg BT 252.51 74.25 Td (into ) Tj ET Q q 0 0 0 rg BT 269.58 74.25 Td (digital ) Tj ET Q q 0 0 0 rg BT 296.64 74.25 Td (format ) Tj ET Q q 0 0 0 rg BT 324.81 74.25 Td (have ) Tj ET Q q 0 0 0 rg BT 345.21 74.25 Td (made ) Tj ET Q q 0 0 0 rg BT 368.38 74.25 Td (it ) Tj ET Q q 0 0 0 rg BT 375.45 74.25 Td (easier ) Tj ET Q q 0 0 0 rg BT 400.28 74.25 Td (to ) Tj ET Q q 0 0 0 rg BT 409.57 74.25 Td (create, ) Tj ET Q q 0 0 0 rg BT 437.45 74.25 Td (transmit ) Tj ET Q q 0 0 0 rg BT 471.74 74.25 Td (and ) Tj ET Q q 0 0 0 rg BT 487.69 74.25 Td (share ) Tj ET Q q 0 0 0 rg BT 510.31 74.25 Td (unauthorized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 62.25 Td (copies ) Tj ET Q q 0 0 0 rg BT 95.05 62.25 Td (of ) Tj ET Q q 0 0 0 rg BT 105.38 62.25 Td (film ) Tj ET Q q 0 0 0 rg BT 124.04 62.25 Td (and ) Tj ET Q q 0 0 0 rg BT 140.48 62.25 Td (television ) Tj ET Q q 0 0 0 rg BT 181.36 62.25 Td (programs. ) Tj ET Q q 0 0 0 rg BT 223.63 62.25 Td (Users ) Tj ET Q q 0 0 0 rg BT 248.40 62.25 Td (may ) Tj ET Q q 0 0 0 rg BT 267.62 62.25 Td (be ) Tj ET Q q 0 0 0 rg BT 279.06 62.25 Td (able ) Tj ET Q q 0 0 0 rg BT 297.71 62.25 Td (to ) Tj ET Q q 0 0 0 rg BT 307.49 62.25 Td (download ) Tj ET Q q 0 0 0 rg BT 348.93 62.25 Td (and/or ) Tj ET Q q 0 0 0 rg BT 376.47 62.25 Td (stream ) Tj ET Q q 0 0 0 rg BT 405.13 62.25 Td (and ) Tj ET Q q 0 0 0 rg BT 421.56 62.25 Td (distribute ) Tj ET Q q 0 0 0 rg BT 461.34 62.25 Td (unauthorized ) Tj ET Q q 0 0 0 rg BT 515.54 62.25 Td (or ) Tj ET Q q 0 0 0 rg BT 525.87 62.25 Td (pirated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 50.25 Td (copies ) Tj ET Q q 0 0 0 rg BT 95.59 50.25 Td (of ) Tj ET Q q 0 0 0 rg BT 106.47 50.25 Td (copyrighted ) Tj ET Q q 0 0 0 rg BT 156.78 50.25 Td (material ) Tj ET Q q 0 0 0 rg BT 192.08 50.25 Td (over ) Tj ET Q q 0 0 0 rg BT 212.40 50.25 Td (the ) Tj ET Q q 0 0 0 rg BT 227.16 50.25 Td (Internet. ) Tj ET Q q 0 0 0 rg BT 262.73 50.25 Td (As ) Tj ET Q q 0 0 0 rg BT 276.39 50.25 Td (long ) Tj ET Q q 0 0 0 rg BT 296.72 50.25 Td (as ) Tj ET Q q 0 0 0 rg BT 307.59 50.25 Td (pirated ) Tj ET Q q 0 0 0 rg BT 337.90 50.25 Td (content ) Tj ET Q q 0 0 0 rg BT 369.88 50.25 Td (is ) Tj ET Q q 0 0 0 rg BT 379.10 50.25 Td (available ) Tj ET Q q 0 0 0 rg BT 417.73 50.25 Td (to ) Tj ET Q q 0 0 0 rg BT 428.05 50.25 Td (download ) Tj ET Q q 0 0 0 rg BT 470.04 50.25 Td (and/or ) Tj ET Q q 0 0 0 rg BT 498.13 50.25 Td (stream ) Tj ET Q q 0 0 0 rg BT 527.33 50.25 Td (digitally) Tj ET Q q 0 0 0 rg BT 560.01 50.25 Td (, ) Tj ET Q endstream endobj 65 0 obj <> endobj 66 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6 0.6 0.6 rg BT 301.00 31.60 Td (32) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 67.50 742.10 Td (some ) Tj ET Q q 0 0 0 rg BT 90.42 742.10 Td (consumers ) Tj ET Q q 0 0 0 rg BT 135.01 742.10 Td (may ) Tj ET Q q 0 0 0 rg BT 154.04 742.10 Td (choose ) Tj ET Q q 0 0 0 rg BT 183.63 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 193.22 742.10 Td (digitally ) Tj ET Q q 0 0 0 rg BT 228.37 742.10 Td (download ) Tj ET Q q 0 0 0 rg BT 269.62 742.10 Td (or ) Tj ET Q q 0 0 0 rg BT 279.77 742.10 Td (stream ) Tj ET Q q 0 0 0 rg BT 308.24 742.10 Td (material ) Tj ET Q q 0 0 0 rg BT 342.82 742.10 Td (illegally) Tj ET Q q 0 0 0 rg BT 374.94 742.10 Td (. ) Tj ET Q q 0 0 0 rg BT 378.85 742.10 Td (As ) Tj ET Q q 0 0 0 rg BT 391.78 742.10 Td (a ) Tj ET Q q 0 0 0 rg BT 398.04 742.10 Td (result, ) Tj ET Q q 0 0 0 rg BT 424.57 742.10 Td (it ) Tj ET Q q 0 0 0 rg BT 431.94 742.10 Td (may ) Tj ET Q q 0 0 0 rg BT 450.98 742.10 Td (be ) Tj ET Q q 0 0 0 rg BT 462.23 742.10 Td (possible ) Tj ET Q q 0 0 0 rg BT 496.83 742.10 Td (for ) Tj ET Q q 0 0 0 rg BT 510.30 742.10 Td (unauthorized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 730.10 Td (third ) Tj ET Q q 0 0 0 rg BT 88.63 730.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 117.53 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 127.56 730.10 Td (copy ) Tj ET Q q 0 0 0 rg BT 149.24 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 165.92 730.10 Td (distribute ) Tj ET Q q 0 0 0 rg BT 205.94 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 220.40 730.10 Td (Company) Tj ET Q q 0 0 0 rg BT 262.07 730.10 Td (s ) Tj ET Q q 0 0 0 rg BT 268.21 730.10 Td (productions ) Tj ET Q q 0 0 0 rg BT 317.67 730.10 Td (or ) Tj ET Q q 0 0 0 rg BT 328.24 730.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 357.69 730.10 Td (portions ) Tj ET Q q 0 0 0 rg BT 392.71 730.10 Td (or ) Tj ET Q q 0 0 0 rg BT 403.29 730.10 Td (applications ) Tj ET Q q 0 0 0 rg BT 453.85 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 464.43 730.10 Td (its ) Tj ET Q q 0 0 0 rg BT 476.12 730.10 Td (intended ) Tj ET Q q 0 0 0 rg BT 512.80 730.10 Td (productions, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 718.10 Td (which ) Tj ET Q q 0 0 0 rg BT 94.44 718.10 Td (could ) Tj ET Q q 0 0 0 rg BT 119.16 718.10 Td (have ) Tj ET Q q 0 0 0 rg BT 140.53 718.10 Td (a ) Tj ET Q q 0 0 0 rg BT 147.47 718.10 Td (material ) Tj ET Q q 0 0 0 rg BT 182.73 718.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 215.77 718.10 Td (ef) Tj ET Q q 0 0 0 rg BT 223.35 718.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 240.84 718.10 Td (on ) Tj ET Q q 0 0 0 rg BT 253.34 718.10 Td (its ) Tj ET Q q 0 0 0 rg BT 265.29 718.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 304.18 718.10 Td (results ) Tj ET Q q 0 0 0 rg BT 332.79 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 343.62 718.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 387.77 718.10 Td (or ) Tj ET Q q 0 0 0 rg BT 398.60 718.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 436.08 718.10 Td (condition.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 700.10 Td (Litigation ) Tj ET Q q 0 0 0 rg BT 127.60 700.10 Td (may ) Tj ET Q q 0 0 0 rg BT 147.49 700.10 Td (also ) Tj ET Q q 0 0 0 rg BT 166.26 700.10 Td (be ) Tj ET Q q 0 0 0 rg BT 178.37 700.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 219.90 700.10 Td (in ) Tj ET Q q 0 0 0 rg BT 230.34 700.10 Td (the ) Tj ET Q q 0 0 0 rg BT 245.23 700.10 Td (future ) Tj ET Q q 0 0 0 rg BT 271.77 700.10 Td (to ) Tj ET Q q 0 0 0 rg BT 282.21 700.10 Td (enforce ) Tj ET Q q 0 0 0 rg BT 314.86 700.10 Td (the ) Tj ET Q q 0 0 0 rg BT 329.74 700.10 Td (Company) Tj ET Q q 0 0 0 rg BT 371.40 700.10 Td (s ) Tj ET Q q 0 0 0 rg BT 377.96 700.10 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 425.05 700.10 Td (property ) Tj ET Q q 0 0 0 rg BT 461.59 700.10 Td (rights, ) Tj ET Q q 0 0 0 rg BT 489.54 700.10 Td (to ) Tj ET Q q 0 0 0 rg BT 499.98 700.10 Td (protect ) Tj ET Q q 0 0 0 rg BT 530.41 700.10 Td (its ) Tj ET Q q 0 0 0 rg BT 542.53 700.10 Td (trade ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 688.10 Td (secrets, ) Tj ET Q q 0 0 0 rg BT 99.76 688.10 Td (or ) Tj ET Q q 0 0 0 rg BT 110.64 688.10 Td (to ) Tj ET Q q 0 0 0 rg BT 120.97 688.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 163.50 688.10 Td (the ) Tj ET Q q 0 0 0 rg BT 178.26 688.10 Td (validity ) Tj ET Q q 0 0 0 rg BT 211.37 688.10 Td (and ) Tj ET Q q 0 0 0 rg BT 228.35 688.10 Td (scope ) Tj ET Q q 0 0 0 rg BT 253.67 688.10 Td (of ) Tj ET Q q 0 0 0 rg BT 264.55 688.10 Td (the ) Tj ET Q q 0 0 0 rg BT 279.32 688.10 Td (proprietary ) Tj ET Q q 0 0 0 rg BT 326.30 688.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 351.62 688.10 Td (of ) Tj ET Q q 0 0 0 rg BT 362.50 688.10 Td (others ) Tj ET Q q 0 0 0 rg BT 389.49 688.10 Td (or ) Tj ET Q q 0 0 0 rg BT 400.37 688.10 Td (to ) Tj ET Q q 0 0 0 rg BT 410.70 688.10 Td (defend ) Tj ET Q q 0 0 0 rg BT 440.46 688.10 Td (against ) Tj ET Q q 0 0 0 rg BT 471.33 688.10 Td (claims ) Tj ET Q q 0 0 0 rg BT 499.99 688.10 Td (of ) Tj ET Q q 0 0 0 rg BT 510.87 688.10 Td (infringement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 676.10 Td (or ) Tj ET Q q 0 0 0 rg BT 78.87 676.10 Td (invalidity) Tj ET Q q 0 0 0 rg BT 116.55 676.10 Td (. ) Tj ET Q q 0 0 0 rg BT 121.43 676.10 Td (Any ) Tj ET Q q 0 0 0 rg BT 141.69 676.10 Td (such ) Tj ET Q q 0 0 0 rg BT 163.06 676.10 Td (litigation ) Tj ET Q q 0 0 0 rg BT 202.22 676.10 Td (could ) Tj ET Q q 0 0 0 rg BT 227.48 676.10 Td (result ) Tj ET Q q 0 0 0 rg BT 252.74 676.10 Td (in ) Tj ET Q q 0 0 0 rg BT 263.56 676.10 Td (substantial ) Tj ET Q q 0 0 0 rg BT 309.38 676.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 332.42 676.10 Td (and ) Tj ET Q q 0 0 0 rg BT 349.90 676.10 Td (the ) Tj ET Q q 0 0 0 rg BT 365.16 676.10 Td (diversion ) Tj ET Q q 0 0 0 rg BT 405.42 676.10 Td (of ) Tj ET Q q 0 0 0 rg BT 416.79 676.10 Td (resources ) Tj ET Q q 0 0 0 rg BT 457.60 676.10 Td (and ) Tj ET Q q 0 0 0 rg BT 475.08 676.10 Td (could ) Tj ET Q q 0 0 0 rg BT 500.34 676.10 Td (have ) Tj ET Q q 0 0 0 rg BT 522.26 676.10 Td (a ) Tj ET Q q 0 0 0 rg BT 529.74 676.10 Td (material ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 664.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 99.52 664.10 Td (ef) Tj ET Q q 0 0 0 rg BT 107.11 664.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 123.58 664.10 Td (on ) Tj ET Q q 0 0 0 rg BT 135.07 664.10 Td (the ) Tj ET Q q 0 0 0 rg BT 148.77 664.10 Td (Company) Tj ET Q q 0 0 0 rg BT 190.44 664.10 Td (s ) Tj ET Q q 0 0 0 rg BT 195.81 664.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 233.69 664.10 Td (results ) Tj ET Q q 0 0 0 rg BT 261.28 664.10 Td (of ) Tj ET Q q 0 0 0 rg BT 271.10 664.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 314.24 664.10 Td (or ) Tj ET Q q 0 0 0 rg BT 324.06 664.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 360.52 664.10 Td (condition. ) Tj ET Q q 0 0 0 rg BT 402.18 664.10 Td (The ) Tj ET Q q 0 0 0 rg BT 419.21 664.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 459.58 664.10 Td (cannot ) Tj ET Q q 0 0 0 rg BT 487.72 664.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 519.75 664.10 Td (assurances ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 652.10 Td (that ) Tj ET Q q 0 0 0 rg BT 86.28 652.10 Td (infringement ) Tj ET Q q 0 0 0 rg BT 141.72 652.10 Td (or ) Tj ET Q q 0 0 0 rg BT 153.84 652.10 Td (invalidity ) Tj ET Q q 0 0 0 rg BT 195.95 652.10 Td (claims ) Tj ET Q q 0 0 0 rg BT 225.84 652.10 Td (will ) Tj ET Q q 0 0 0 rg BT 245.19 652.10 Td (not ) Tj ET Q q 0 0 0 rg BT 261.75 652.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 306.07 652.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 348.18 652.10 Td (af) Tj ET Q q 0 0 0 rg BT 355.76 652.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 374.54 652.10 Td (its ) Tj ET Q q 0 0 0 rg BT 387.77 652.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 427.95 652.10 Td (results ) Tj ET Q q 0 0 0 rg BT 457.84 652.10 Td (of ) Tj ET Q q 0 0 0 rg BT 469.96 652.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 515.40 652.10 Td (or ) Tj ET Q q 0 0 0 rg BT 527.52 652.10 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 640.10 Td (condition. ) Tj ET Q q 0 0 0 rg BT 109.86 640.10 Td (Regardless ) Tj ET Q q 0 0 0 rg BT 155.82 640.10 Td (of ) Tj ET Q q 0 0 0 rg BT 166.23 640.10 Td (the ) Tj ET Q q 0 0 0 rg BT 180.53 640.10 Td (validity ) Tj ET Q q 0 0 0 rg BT 213.16 640.10 Td (or ) Tj ET Q q 0 0 0 rg BT 223.57 640.10 Td (the ) Tj ET Q q 0 0 0 rg BT 237.87 640.10 Td (success ) Tj ET Q q 0 0 0 rg BT 269.95 640.10 Td (of ) Tj ET Q q 0 0 0 rg BT 280.36 640.10 Td (the ) Tj ET Q q 0 0 0 rg BT 294.66 640.10 Td (assertion ) Tj ET Q q 0 0 0 rg BT 332.29 640.10 Td (of ) Tj ET Q q 0 0 0 rg BT 342.70 640.10 Td (these ) Tj ET Q q 0 0 0 rg BT 365.33 640.10 Td (claims, ) Tj ET Q q 0 0 0 rg BT 396.02 640.10 Td (the ) Tj ET Q q 0 0 0 rg BT 410.31 640.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 451.28 640.10 Td (could ) Tj ET Q q 0 0 0 rg BT 475.58 640.10 Td (incur ) Tj ET Q q 0 0 0 rg BT 498.21 640.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 542.51 640.10 Td (costs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 628.10 Td (and ) Tj ET Q q 0 0 0 rg BT 84.37 628.10 Td (diversion ) Tj ET Q q 0 0 0 rg BT 124.02 628.10 Td (of ) Tj ET Q q 0 0 0 rg BT 134.78 628.10 Td (resources ) Tj ET Q q 0 0 0 rg BT 174.97 628.10 Td (in ) Tj ET Q q 0 0 0 rg BT 185.18 628.10 Td (enforcing ) Tj ET Q q 0 0 0 rg BT 225.92 628.10 Td (its ) Tj ET Q q 0 0 0 rg BT 237.80 628.10 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 284.66 628.10 Td (property ) Tj ET Q q 0 0 0 rg BT 320.96 628.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 346.17 628.10 Td (or ) Tj ET Q q 0 0 0 rg BT 356.93 628.10 Td (in ) Tj ET Q q 0 0 0 rg BT 367.14 628.10 Td (defending ) Tj ET Q q 0 0 0 rg BT 409.56 628.10 Td (against ) Tj ET Q q 0 0 0 rg BT 440.31 628.10 Td (such ) Tj ET Q q 0 0 0 rg BT 461.07 628.10 Td (claims, ) Tj ET Q q 0 0 0 rg BT 492.11 628.10 Td (which ) Tj ET Q q 0 0 0 rg BT 518.98 628.10 Td (could ) Tj ET Q q 0 0 0 rg BT 543.63 628.10 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 616.10 Td (a ) Tj ET Q q 0 0 0 rg BT 74.44 616.10 Td (material ) Tj ET Q q 0 0 0 rg BT 109.70 616.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 142.73 616.10 Td (ef) Tj ET Q q 0 0 0 rg BT 150.32 616.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 167.81 616.10 Td (on ) Tj ET Q q 0 0 0 rg BT 180.31 616.10 Td (the ) Tj ET Q q 0 0 0 rg BT 195.02 616.10 Td (Company) Tj ET Q q 0 0 0 rg BT 236.69 616.10 Td (s ) Tj ET Q q 0 0 0 rg BT 243.08 616.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 281.97 616.10 Td (results ) Tj ET Q q 0 0 0 rg BT 310.58 616.10 Td (of ) Tj ET Q q 0 0 0 rg BT 321.41 616.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 365.57 616.10 Td (or ) Tj ET Q q 0 0 0 rg BT 376.40 616.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 413.88 616.10 Td (condition.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 67.50 598.10 Td (Concentration Risk) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 580.10 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 122.82 580.10 Td (from ) Tj ET Q q 0 0 0 rg BT 144.59 580.10 Td (production ) Tj ET Q q 0 0 0 rg BT 190.25 580.10 Td (and ) Tj ET Q q 0 0 0 rg BT 207.02 580.10 Td (distribution ) Tj ET Q q 0 0 0 rg BT 255.47 580.10 Td (of ) Tj ET Q q 0 0 0 rg BT 266.13 580.10 Td (film ) Tj ET Q q 0 0 0 rg BT 285.13 580.10 Td (and ) Tj ET Q q 0 0 0 rg BT 301.90 580.10 Td (television ) Tj ET Q q 0 0 0 rg BT 343.11 580.10 Td (may ) Tj ET Q q 0 0 0 rg BT 362.66 580.10 Td (originate ) Tj ET Q q 0 0 0 rg BT 400.54 580.10 Td (from ) Tj ET Q q 0 0 0 rg BT 422.31 580.10 Td (disproportionately ) Tj ET Q q 0 0 0 rg BT 497.96 580.10 Td (few ) Tj ET Q q 0 0 0 rg BT 515.29 580.10 Td (productions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 568.10 Td (and ) Tj ET Q q 0 0 0 rg BT 85.06 568.10 Td (broadcasters. ) Tj ET Q q 0 0 0 rg BT 140.43 568.10 Td (The ) Tj ET Q q 0 0 0 rg BT 159.10 568.10 Td (value ) Tj ET Q q 0 0 0 rg BT 183.87 568.10 Td (of ) Tj ET Q q 0 0 0 rg BT 195.32 568.10 Td (the ) Tj ET Q q 0 0 0 rg BT 210.66 568.10 Td (Common ) Tj ET Q q 0 0 0 rg BT 251.00 568.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 280.79 568.10 Td (may ) Tj ET Q q 0 0 0 rg BT 301.12 568.10 Td (be ) Tj ET Q q 0 0 0 rg BT 313.68 568.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 367.35 568.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 408.79 568.10 Td (af) Tj ET Q q 0 0 0 rg BT 416.38 568.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 443.92 568.10 Td (should ) Tj ET Q q 0 0 0 rg BT 473.71 568.10 Td (the ) Tj ET Q q 0 0 0 rg BT 489.05 568.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 531.05 568.10 Td (lose ) Tj ET Q q 0 0 0 rg BT 550.28 568.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 556.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 101.65 556.10 Td (generated ) Tj ET Q q 0 0 0 rg BT 143.01 556.10 Td (by ) Tj ET Q q 0 0 0 rg BT 155.51 556.10 Td (any ) Tj ET Q q 0 0 0 rg BT 172.45 556.10 Td (such ) Tj ET Q q 0 0 0 rg BT 193.28 556.10 Td (production ) Tj ET Q q 0 0 0 rg BT 239.10 556.10 Td (or ) Tj ET Q q 0 0 0 rg BT 249.93 556.10 Td (broadcaster) Tj ET Q q 0 0 0 rg BT 295.46 556.10 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 67.50 538.10 Td (Potential for Budget Overruns and Other Production Risks) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 520.10 Td (A) Tj ET Q q 0 0 0 rg BT 92.17 520.10 Td ( ) Tj ET Q q 0 0 0 rg BT 95.65 520.10 Td (production) Tj ET Q q 0 0 0 rg BT 141.75 520.10 Td (s ) Tj ET Q q 0 0 0 rg BT 149.13 520.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 172.61 520.10 Td (may ) Tj ET Q q 0 0 0 rg BT 193.31 520.10 Td (exceed ) Tj ET Q q 0 0 0 rg BT 224.54 520.10 Td (its ) Tj ET Q q 0 0 0 rg BT 237.47 520.10 Td (budget. ) Tj ET Q q 0 0 0 rg BT 270.67 520.10 Td (Unforeseen ) Tj ET Q q 0 0 0 rg BT 320.24 520.10 Td (events ) Tj ET Q q 0 0 0 rg BT 349.27 520.10 Td (such ) Tj ET Q q 0 0 0 rg BT 371.08 520.10 Td (as ) Tj ET Q q 0 0 0 rg BT 382.89 520.10 Td (labour ) Tj ET Q q 0 0 0 rg BT 411.92 520.10 Td (disputes, ) Tj ET Q q 0 0 0 rg BT 450.68 520.10 Td (death ) Tj ET Q q 0 0 0 rg BT 475.82 520.10 Td (or ) Tj ET Q q 0 0 0 rg BT 487.63 520.10 Td (disability ) Tj ET Q q 0 0 0 rg BT 528.33 520.10 Td (of ) Tj ET Q q 0 0 0 rg BT 540.14 520.10 Td (a ) Tj ET Q q 0 0 0 rg BT 548.06 520.10 Td (star ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 508.10 Td (performer) Tj ET Q q 0 0 0 rg BT 107.08 508.10 Td (, ) Tj ET Q q 0 0 0 rg BT 112.74 508.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 148.12 508.10 Td (related ) Tj ET Q q 0 0 0 rg BT 178.49 508.10 Td (to ) Tj ET Q q 0 0 0 rg BT 189.44 508.10 Td (technology) Tj ET Q q 0 0 0 rg BT 233.22 508.10 Td (, ) Tj ET Q q 0 0 0 rg BT 238.89 508.10 Td (special ) Tj ET Q q 0 0 0 rg BT 269.82 508.10 Td (ef) Tj ET Q q 0 0 0 rg BT 277.41 508.10 Td (fects ) Tj ET Q q 0 0 0 rg BT 299.46 508.10 Td (or ) Tj ET Q q 0 0 0 rg BT 310.96 508.10 Td (other ) Tj ET Q q 0 0 0 rg BT 334.67 508.10 Td (aspects ) Tj ET Q q 0 0 0 rg BT 366.72 508.10 Td (of ) Tj ET Q q 0 0 0 rg BT 378.22 508.10 Td (production, ) Tj ET Q q 0 0 0 rg BT 427.21 508.10 Td (shortage ) Tj ET Q q 0 0 0 rg BT 464.26 508.10 Td (of ) Tj ET Q q 0 0 0 rg BT 475.76 508.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 517.79 508.10 Td (equipment, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 496.10 Td (damage ) Tj ET Q q 0 0 0 rg BT 100.97 496.10 Td (to ) Tj ET Q q 0 0 0 rg BT 111.13 496.10 Td (film ) Tj ET Q q 0 0 0 rg BT 130.18 496.10 Td (negatives, ) Tj ET Q q 0 0 0 rg BT 172.82 496.10 Td (master ) Tj ET Q q 0 0 0 rg BT 201.86 496.10 Td (tapes ) Tj ET Q q 0 0 0 rg BT 224.79 496.10 Td (and ) Tj ET Q q 0 0 0 rg BT 241.60 496.10 Td (recordings, ) Tj ET Q q 0 0 0 rg BT 288.69 496.10 Td (or ) Tj ET Q q 0 0 0 rg BT 299.40 496.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 332.32 496.10 Td (weather ) Tj ET Q q 0 0 0 rg BT 366.35 496.10 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 412.89 496.10 Td (or ) Tj ET Q q 0 0 0 rg BT 423.60 496.10 Td (other ) Tj ET Q q 0 0 0 rg BT 446.53 496.10 Td (unforeseen ) Tj ET Q q 0 0 0 rg BT 492.78 496.10 Td (events ) Tj ET Q q 0 0 0 rg BT 520.70 496.10 Td (may ) Tj ET Q q 0 0 0 rg BT 540.30 496.10 Td (cause ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 484.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 87.68 484.10 Td (overruns ) Tj ET Q q 0 0 0 rg BT 126.75 484.10 Td (and ) Tj ET Q q 0 0 0 rg BT 145.26 484.10 Td (delay ) Tj ET Q q 0 0 0 rg BT 170.99 484.10 Td (or ) Tj ET Q q 0 0 0 rg BT 183.39 484.10 Td (frustrate ) Tj ET Q q 0 0 0 rg BT 220.78 484.10 Td (completion ) Tj ET Q q 0 0 0 rg BT 269.84 484.10 Td (of ) Tj ET Q q 0 0 0 rg BT 282.25 484.10 Td (a ) Tj ET Q q 0 0 0 rg BT 290.76 484.10 Td (production. ) Tj ET Q q 0 0 0 rg BT 339.76 484.10 Td (Although ) Tj ET Q q 0 0 0 rg BT 381.61 484.10 Td (the ) Tj ET Q q 0 0 0 rg BT 397.90 484.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 440.86 484.10 Td (has ) Tj ET Q q 0 0 0 rg BT 458.27 484.10 Td (historically ) Tj ET Q q 0 0 0 rg BT 507.33 484.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 553.05 484.10 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 472.10 Td (productions ) Tj ET Q q 0 0 0 rg BT 116.46 472.10 Td (within ) Tj ET Q q 0 0 0 rg BT 143.75 472.10 Td (budget, ) Tj ET Q q 0 0 0 rg BT 175.21 472.10 Td (there ) Tj ET Q q 0 0 0 rg BT 196.93 472.10 Td (can ) Tj ET Q q 0 0 0 rg BT 212.54 472.10 Td (be ) Tj ET Q q 0 0 0 rg BT 223.72 472.10 Td (no ) Tj ET Q q 0 0 0 rg BT 235.46 472.10 Td (assurance ) Tj ET Q q 0 0 0 rg BT 276.06 472.10 Td (that ) Tj ET Q q 0 0 0 rg BT 292.80 472.10 Td (it ) Tj ET Q q 0 0 0 rg BT 300.09 472.10 Td (will ) Tj ET Q q 0 0 0 rg BT 317.39 472.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 353.56 472.10 Td (to ) Tj ET Q q 0 0 0 rg BT 363.08 472.10 Td (do ) Tj ET Q q 0 0 0 rg BT 374.81 472.10 Td (so. ) Tj ET Q q 0 0 0 rg BT 387.82 472.10 Td (The ) Tj ET Q q 0 0 0 rg BT 405.10 472.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 445.73 472.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 483.56 472.10 Td (maintains ) Tj ET Q q 0 0 0 rg BT 524.18 472.10 Td (insurance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 460.10 Td (policies ) Tj ET Q q 0 0 0 rg BT 101.24 460.10 Td (and ) Tj ET Q q 0 0 0 rg BT 118.31 460.10 Td (when ) Tj ET Q q 0 0 0 rg BT 142.60 460.10 Td (necessary) Tj ET Q q 0 0 0 rg BT 180.82 460.10 Td (, ) Tj ET Q q 0 0 0 rg BT 185.96 460.10 Td (completion ) Tj ET Q q 0 0 0 rg BT 233.58 460.10 Td (bonds, ) Tj ET Q q 0 0 0 rg BT 262.61 460.10 Td (covering ) Tj ET Q q 0 0 0 rg BT 300.23 460.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 330.06 460.10 Td (of ) Tj ET Q q 0 0 0 rg BT 341.03 460.10 Td (these ) Tj ET Q q 0 0 0 rg BT 364.21 460.10 Td (risks. ) Tj ET Q q 0 0 0 rg BT 388.04 460.10 Td (There ) Tj ET Q q 0 0 0 rg BT 413.99 460.10 Td (can ) Tj ET Q q 0 0 0 rg BT 430.51 460.10 Td (be ) Tj ET Q q 0 0 0 rg BT 442.58 460.10 Td (no ) Tj ET Q q 0 0 0 rg BT 455.21 460.10 Td (assurance ) Tj ET Q q 0 0 0 rg BT 496.71 460.10 Td (that ) Tj ET Q q 0 0 0 rg BT 514.34 460.10 Td (any ) Tj ET Q q 0 0 0 rg BT 531.42 460.10 Td (overrun ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 448.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 105.38 448.10 Td (from ) Tj ET Q q 0 0 0 rg BT 127.69 448.10 Td (any ) Tj ET Q q 0 0 0 rg BT 145.01 448.10 Td (occurrence ) Tj ET Q q 0 0 0 rg BT 191.74 448.10 Td (will ) Tj ET Q q 0 0 0 rg BT 210.18 448.10 Td (be ) Tj ET Q q 0 0 0 rg BT 222.50 448.10 Td (adequately ) Tj ET Q q 0 0 0 rg BT 268.69 448.10 Td (covered ) Tj ET Q q 0 0 0 rg BT 303.21 448.10 Td (or ) Tj ET Q q 0 0 0 rg BT 314.42 448.10 Td (that ) Tj ET Q q 0 0 0 rg BT 332.30 448.10 Td (such ) Tj ET Q q 0 0 0 rg BT 353.51 448.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 394.71 448.10 Td (and ) Tj ET Q q 0 0 0 rg BT 412.02 448.10 Td (completion ) Tj ET Q q 0 0 0 rg BT 459.89 448.10 Td (bonds ) Tj ET Q q 0 0 0 rg BT 486.67 448.10 Td (will ) Tj ET Q q 0 0 0 rg BT 505.10 448.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 542.42 448.10 Td (to ) Tj ET Q q 0 0 0 rg BT 553.07 448.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 436.10 Td (available ) Tj ET Q q 0 0 0 rg BT 105.63 436.10 Td (or) Tj ET Q q 0 0 0 rg BT 113.56 436.10 Td (, ) Tj ET Q q 0 0 0 rg BT 118.11 436.10 Td (if ) Tj ET Q q 0 0 0 rg BT 126.26 436.10 Td (available ) Tj ET Q q 0 0 0 rg BT 164.39 436.10 Td (on ) Tj ET Q q 0 0 0 rg BT 176.43 436.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 200.69 436.10 Td (acceptable ) Tj ET Q q 0 0 0 rg BT 244.92 436.10 Td (to ) Tj ET Q q 0 0 0 rg BT 254.75 436.10 Td (the ) Tj ET Q q 0 0 0 rg BT 269.01 436.10 Td (Company) Tj ET Q q 0 0 0 rg BT 307.24 436.10 Td (. ) Tj ET Q q 0 0 0 rg BT 311.79 436.10 Td (DHX ) Tj ET Q q 0 0 0 rg BT 335.50 436.10 Td (has ) Tj ET Q q 0 0 0 rg BT 350.87 436.10 Td (never ) Tj ET Q q 0 0 0 rg BT 375.12 436.10 Td (made ) Tj ET Q q 0 0 0 rg BT 398.82 436.10 Td (a ) Tj ET Q q 0 0 0 rg BT 405.30 436.10 Td (material ) Tj ET Q q 0 0 0 rg BT 440.10 436.10 Td (claim ) Tj ET Q q 0 0 0 rg BT 464.36 436.10 Td (on ) Tj ET Q q 0 0 0 rg BT 476.40 436.10 Td (its ) Tj ET Q q 0 0 0 rg BT 487.89 436.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 528.25 436.10 Td (or ) Tj ET Q q 0 0 0 rg BT 538.63 436.10 Td (called ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 424.10 Td (on ) Tj ET Q q 0 0 0 rg BT 80.61 424.10 Td (a ) Tj ET Q q 0 0 0 rg BT 88.15 424.10 Td (completion ) Tj ET Q q 0 0 0 rg BT 136.25 424.10 Td (bond. ) Tj ET Q q 0 0 0 rg BT 161.85 424.10 Td (In ) Tj ET Q q 0 0 0 rg BT 173.29 424.10 Td (the ) Tj ET Q q 0 0 0 rg BT 188.61 424.10 Td (event ) Tj ET Q q 0 0 0 rg BT 213.37 424.10 Td (of ) Tj ET Q q 0 0 0 rg BT 224.80 424.10 Td (budget ) Tj ET Q q 0 0 0 rg BT 255.13 424.10 Td (overruns, ) Tj ET Q q 0 0 0 rg BT 295.72 424.10 Td (the ) Tj ET Q q 0 0 0 rg BT 311.04 424.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 353.04 424.10 Td (may ) Tj ET Q q 0 0 0 rg BT 373.36 424.10 Td (have ) Tj ET Q q 0 0 0 rg BT 395.34 424.10 Td (to ) Tj ET Q q 0 0 0 rg BT 406.23 424.10 Td (seek ) Tj ET Q q 0 0 0 rg BT 427.10 424.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 470.20 424.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 511.06 424.10 Td (from ) Tj ET Q q 0 0 0 rg BT 533.61 424.10 Td (outside ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 412.10 Td (sources ) Tj ET Q q 0 0 0 rg BT 100.68 412.10 Td (in ) Tj ET Q q 0 0 0 rg BT 111.65 412.10 Td (order ) Tj ET Q q 0 0 0 rg BT 135.93 412.10 Td (to ) Tj ET Q q 0 0 0 rg BT 146.90 412.10 Td (complete ) Tj ET Q q 0 0 0 rg BT 186.74 412.10 Td (production ) Tj ET Q q 0 0 0 rg BT 233.25 412.10 Td (of ) Tj ET Q q 0 0 0 rg BT 244.77 412.10 Td (a ) Tj ET Q q 0 0 0 rg BT 252.40 412.10 Td (television ) Tj ET Q q 0 0 0 rg BT 294.47 412.10 Td (program. ) Tj ET Q q 0 0 0 rg BT 334.03 412.10 Td (No ) Tj ET Q q 0 0 0 rg BT 349.44 412.10 Td (assurance ) Tj ET Q q 0 0 0 rg BT 391.50 412.10 Td (can ) Tj ET Q q 0 0 0 rg BT 408.56 412.10 Td (be ) Tj ET Q q 0 0 0 rg BT 421.19 412.10 Td (given ) Tj ET Q q 0 0 0 rg BT 446.60 412.10 Td (as ) Tj ET Q q 0 0 0 rg BT 458.12 412.10 Td (to ) Tj ET Q q 0 0 0 rg BT 469.08 412.10 Td (the ) Tj ET Q q 0 0 0 rg BT 484.49 412.10 Td (availability ) Tj ET Q q 0 0 0 rg BT 532.66 412.10 Td (of ) Tj ET Q q 0 0 0 rg BT 544.18 412.10 Td (such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 400.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 107.81 400.10 Td (or) Tj ET Q q 0 0 0 rg BT 115.74 400.10 Td (, ) Tj ET Q q 0 0 0 rg BT 120.79 400.10 Td (if ) Tj ET Q q 0 0 0 rg BT 129.45 400.10 Td (available ) Tj ET Q q 0 0 0 rg BT 168.09 400.10 Td (on ) Tj ET Q q 0 0 0 rg BT 180.63 400.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 205.40 400.10 Td (acceptable ) Tj ET Q q 0 0 0 rg BT 250.14 400.10 Td (to ) Tj ET Q q 0 0 0 rg BT 260.46 400.10 Td (the ) Tj ET Q q 0 0 0 rg BT 275.23 400.10 Td (Company) Tj ET Q q 0 0 0 rg BT 313.47 400.10 Td (. ) Tj ET Q q 0 0 0 rg BT 318.52 400.10 Td (In ) Tj ET Q q 0 0 0 rg BT 329.39 400.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 367.22 400.10 Td (in ) Tj ET Q q 0 0 0 rg BT 377.54 400.10 Td (the ) Tj ET Q q 0 0 0 rg BT 392.31 400.10 Td (event ) Tj ET Q q 0 0 0 rg BT 416.51 400.10 Td (of ) Tj ET Q q 0 0 0 rg BT 427.39 400.10 Td (substantial ) Tj ET Q q 0 0 0 rg BT 472.71 400.10 Td (budget ) Tj ET Q q 0 0 0 rg BT 502.48 400.10 Td (overruns, ) Tj ET Q q 0 0 0 rg BT 542.52 400.10 Td (there ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 388.10 Td (can ) Tj ET Q q 0 0 0 rg BT 84.56 388.10 Td (be ) Tj ET Q q 0 0 0 rg BT 97.19 388.10 Td (no ) Tj ET Q q 0 0 0 rg BT 110.38 388.10 Td (assurance ) Tj ET Q q 0 0 0 rg BT 152.43 388.10 Td (that ) Tj ET Q q 0 0 0 rg BT 170.62 388.10 Td (such ) Tj ET Q q 0 0 0 rg BT 192.13 388.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 215.32 388.10 Td (will ) Tj ET Q q 0 0 0 rg BT 234.06 388.10 Td (be ) Tj ET Q q 0 0 0 rg BT 246.69 388.10 Td (recouped, ) Tj ET Q q 0 0 0 rg BT 289.02 388.10 Td (which ) Tj ET Q q 0 0 0 rg BT 316.65 388.10 Td (could ) Tj ET Q q 0 0 0 rg BT 342.05 388.10 Td (have ) Tj ET Q q 0 0 0 rg BT 364.12 388.10 Td (a ) Tj ET Q q 0 0 0 rg BT 371.74 388.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 417.14 388.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 447.54 388.10 Td (on ) Tj ET Q q 0 0 0 rg BT 460.73 388.10 Td (the ) Tj ET Q q 0 0 0 rg BT 476.13 388.10 Td (Company) Tj ET Q q 0 0 0 rg BT 517.80 388.10 Td (s ) Tj ET Q q 0 0 0 rg BT 524.88 388.10 Td (results ) Tj ET Q q 0 0 0 rg BT 554.17 388.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 376.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 111.66 376.10 Td (or ) Tj ET Q q 0 0 0 rg BT 122.49 376.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 159.97 376.10 Td (condition.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 67.50 358.10 Td (Management Estimates in Revenues and Earnings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 340.10 Td (The ) Tj ET Q q 0 0 0 rg BT 103.23 340.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 144.29 340.10 Td (makes ) Tj ET Q q 0 0 0 rg BT 172.02 340.10 Td (numerous ) Tj ET Q q 0 0 0 rg BT 213.64 340.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 253.03 340.10 Td (as ) Tj ET Q q 0 0 0 rg BT 263.54 340.10 Td (to ) Tj ET Q q 0 0 0 rg BT 273.50 340.10 Td (its ) Tj ET Q q 0 0 0 rg BT 285.13 340.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 322.85 340.10 Td (and ) Tj ET Q q 0 0 0 rg BT 339.46 340.10 Td (matching ) Tj ET Q q 0 0 0 rg BT 378.86 340.10 Td (production ) Tj ET Q q 0 0 0 rg BT 424.36 340.10 Td (and ) Tj ET Q q 0 0 0 rg BT 440.98 340.10 Td (direct ) Tj ET Q q 0 0 0 rg BT 465.92 340.10 Td (distribution ) Tj ET Q q 0 0 0 rg BT 514.22 340.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 552.50 340.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 328.10 Td (a ) Tj ET Q q 0 0 0 rg BT 73.75 328.10 Td (project ) Tj ET Q q 0 0 0 rg BT 103.33 328.10 Td (by ) Tj ET Q q 0 0 0 rg BT 115.14 328.10 Td (project ) Tj ET Q q 0 0 0 rg BT 144.71 328.10 Td (basis. ) Tj ET Q q 0 0 0 rg BT 168.62 328.10 Td (As ) Tj ET Q q 0 0 0 rg BT 181.55 328.10 Td (a ) Tj ET Q q 0 0 0 rg BT 187.80 328.10 Td (result ) Tj ET Q q 0 0 0 rg BT 211.83 328.10 Td (of ) Tj ET Q q 0 0 0 rg BT 221.97 328.10 Td (this ) Tj ET Q q 0 0 0 rg BT 238.23 328.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 283.91 328.10 Td (policy) Tj ET Q q 0 0 0 rg BT 308.26 328.10 Td (, ) Tj ET Q q 0 0 0 rg BT 312.57 328.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 348.26 328.10 Td (can ) Tj ET Q q 0 0 0 rg BT 363.95 328.10 Td (widely ) Tj ET Q q 0 0 0 rg BT 392.97 328.10 Td (fluctuate ) Tj ET Q q 0 0 0 rg BT 429.77 328.10 Td (if ) Tj ET Q q 0 0 0 rg BT 437.69 328.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 491.70 328.10 Td (has ) Tj ET Q q 0 0 0 rg BT 506.84 328.10 Td (not ) Tj ET Q q 0 0 0 rg BT 521.43 328.10 Td (accurately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 316.10 Td (forecast ) Tj ET Q q 0 0 0 rg BT 101.65 316.10 Td (the ) Tj ET Q q 0 0 0 rg BT 116.36 316.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 150.51 316.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 188.00 316.10 Td (of ) Tj ET Q q 0 0 0 rg BT 198.83 316.10 Td (a ) Tj ET Q q 0 0 0 rg BT 205.77 316.10 Td (production.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 67.50 298.10 Td (Stoppage of Incentive Programs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 280.10 Td (There ) Tj ET Q q 0 0 0 rg BT 110.51 280.10 Td (can ) Tj ET Q q 0 0 0 rg BT 126.08 280.10 Td (be ) Tj ET Q q 0 0 0 rg BT 137.22 280.10 Td (no ) Tj ET Q q 0 0 0 rg BT 148.91 280.10 Td (assurance ) Tj ET Q q 0 0 0 rg BT 189.48 280.10 Td (that ) Tj ET Q q 0 0 0 rg BT 206.17 280.10 Td (the ) Tj ET Q q 0 0 0 rg BT 220.08 280.10 Td (local ) Tj ET Q q 0 0 0 rg BT 241.21 280.10 Td (cultural ) Tj ET Q q 0 0 0 rg BT 273.45 280.10 Td (incentive ) Tj ET Q q 0 0 0 rg BT 311.79 280.10 Td (programs ) Tj ET Q q 0 0 0 rg BT 351.26 280.10 Td (which ) Tj ET Q q 0 0 0 rg BT 377.39 280.10 Td (DHX ) Tj ET Q q 0 0 0 rg BT 400.75 280.10 Td (may ) Tj ET Q q 0 0 0 rg BT 419.67 280.10 Td (access ) Tj ET Q q 0 0 0 rg BT 446.90 280.10 Td (in ) Tj ET Q q 0 0 0 rg BT 456.37 280.10 Td (Canada ) Tj ET Q q 0 0 0 rg BT 488.05 280.10 Td (and ) Tj ET Q q 0 0 0 rg BT 504.19 280.10 Td (internationally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 268.10 Td (from ) Tj ET Q q 0 0 0 rg BT 89.22 268.10 Td (time ) Tj ET Q q 0 0 0 rg BT 109.27 268.10 Td (to ) Tj ET Q q 0 0 0 rg BT 119.33 268.10 Td (time, ) Tj ET Q q 0 0 0 rg BT 141.88 268.10 Td (including ) Tj ET Q q 0 0 0 rg BT 181.93 268.10 Td (those ) Tj ET Q q 0 0 0 rg BT 205.32 268.10 Td (sponsored ) Tj ET Q q 0 0 0 rg BT 248.15 268.10 Td (by ) Tj ET Q q 0 0 0 rg BT 260.43 268.10 Td (various ) Tj ET Q q 0 0 0 rg BT 292.15 268.10 Td (European, ) Tj ET Q q 0 0 0 rg BT 334.74 268.10 Td (Australian ) Tj ET Q q 0 0 0 rg BT 378.68 268.10 Td (and ) Tj ET Q q 0 0 0 rg BT 395.39 268.10 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 435.44 268.10 Td (governmental ) Tj ET Q q 0 0 0 rg BT 492.70 268.10 Td (agencies, ) Tj ET Q q 0 0 0 rg BT 531.90 268.10 Td (will ) Tj ET Q q 0 0 0 rg BT 549.73 268.10 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 256.10 Td (be ) Tj ET Q q 0 0 0 rg BT 79.24 256.10 Td (reduced, ) Tj ET Q q 0 0 0 rg BT 115.68 256.10 Td (amended ) Tj ET Q q 0 0 0 rg BT 154.08 256.10 Td (or ) Tj ET Q q 0 0 0 rg BT 164.71 256.10 Td (eliminated. ) Tj ET Q q 0 0 0 rg BT 211.55 256.10 Td (There ) Tj ET Q q 0 0 0 rg BT 237.16 256.10 Td (can ) Tj ET Q q 0 0 0 rg BT 253.34 256.10 Td (be ) Tj ET Q q 0 0 0 rg BT 265.08 256.10 Td (no ) Tj ET Q q 0 0 0 rg BT 277.38 256.10 Td (assurance ) Tj ET Q q 0 0 0 rg BT 318.54 256.10 Td (that ) Tj ET Q q 0 0 0 rg BT 335.84 256.10 Td (programs ) Tj ET Q q 0 0 0 rg BT 375.91 256.10 Td (and ) Tj ET Q q 0 0 0 rg BT 392.65 256.10 Td (policies ) Tj ET Q q 0 0 0 rg BT 426.05 256.10 Td (will ) Tj ET Q q 0 0 0 rg BT 443.91 256.10 Td (not ) Tj ET Q q 0 0 0 rg BT 458.98 256.10 Td (be ) Tj ET Q q 0 0 0 rg BT 470.72 256.10 Td (terminated ) Tj ET Q q 0 0 0 rg BT 515.78 256.10 Td (or ) Tj ET Q q 0 0 0 rg BT 526.41 256.10 Td (modified ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 244.10 Td (in ) Tj ET Q q 0 0 0 rg BT 77.86 244.10 Td (a ) Tj ET Q q 0 0 0 rg BT 84.87 244.10 Td (manner ) Tj ET Q q 0 0 0 rg BT 117.43 244.10 Td (that ) Tj ET Q q 0 0 0 rg BT 135.01 244.10 Td (has ) Tj ET Q q 0 0 0 rg BT 150.91 244.10 Td (an ) Tj ET Q q 0 0 0 rg BT 162.93 244.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 196.04 244.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 225.83 244.10 Td (on ) Tj ET Q q 0 0 0 rg BT 238.41 244.10 Td (DHX's ) Tj ET Q q 0 0 0 rg BT 268.34 244.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 307.31 244.10 Td (including, ) Tj ET Q q 0 0 0 rg BT 350.16 244.10 Td (but ) Tj ET Q q 0 0 0 rg BT 365.52 244.10 Td (not ) Tj ET Q q 0 0 0 rg BT 380.88 244.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 411.78 244.10 Td (to, ) Tj ET Q q 0 0 0 rg BT 424.64 244.10 Td (its ) Tj ET Q q 0 0 0 rg BT 436.66 244.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 464.79 244.10 Td (to ) Tj ET Q q 0 0 0 rg BT 475.15 244.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 507.15 244.10 Td (its ) Tj ET Q q 0 0 0 rg BT 519.17 244.10 Td (production ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 232.10 Td (activities. ) Tj ET Q q 0 0 0 rg BT 108.53 232.10 Td (Any ) Tj ET Q q 0 0 0 rg BT 128.87 232.10 Td (change ) Tj ET Q q 0 0 0 rg BT 160.30 232.10 Td (in ) Tj ET Q q 0 0 0 rg BT 171.20 232.10 Td (the ) Tj ET Q q 0 0 0 rg BT 186.53 232.10 Td (policies ) Tj ET Q q 0 0 0 rg BT 220.75 232.10 Td (of ) Tj ET Q q 0 0 0 rg BT 232.20 232.10 Td (those ) Tj ET Q q 0 0 0 rg BT 256.43 232.10 Td (countries ) Tj ET Q q 0 0 0 rg BT 296.20 232.10 Td (in ) Tj ET Q q 0 0 0 rg BT 307.10 232.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 354.08 232.10 Td (with ) Tj ET Q q 0 0 0 rg BT 374.98 232.10 Td (their ) Tj ET Q q 0 0 0 rg BT 396.42 232.10 Td (incentive ) Tj ET Q q 0 0 0 rg BT 436.19 232.10 Td (programs ) Tj ET Q q 0 0 0 rg BT 477.08 232.10 Td (may ) Tj ET Q q 0 0 0 rg BT 497.41 232.10 Td (have ) Tj ET Q q 0 0 0 rg BT 519.41 232.10 Td (an ) Tj ET Q q 0 0 0 rg BT 531.96 232.10 Td (adverse ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 220.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 97.21 220.10 Td (on ) Tj ET Q q 0 0 0 rg BT 109.71 220.10 Td (DHX) Tj ET Q q 0 0 0 rg BT 134.16 220.10 Td (s ) Tj ET Q q 0 0 0 rg BT 140.55 220.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 179.44 220.10 Td (results ) Tj ET Q q 0 0 0 rg BT 208.05 220.10 Td (of ) Tj ET Q q 0 0 0 rg BT 218.88 220.10 Td (operation ) Tj ET Q q 0 0 0 rg BT 259.14 220.10 Td (or ) Tj ET Q q 0 0 0 rg BT 269.97 220.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 307.45 220.10 Td (condition.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 67.50 202.10 Td (Financial Risks Resulting from the Company) Tj ET Q q 0 0 0 rg BT 257.07 202.10 Td (s Capital) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 293.47 202.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 295.97 202.10 Td (Requirements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 184.10 Td (The ) Tj ET Q q 0 0 0 rg BT 103.13 184.10 Td (production, ) Tj ET Q q 0 0 0 rg BT 151.04 184.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 197.01 184.10 Td (and ) Tj ET Q q 0 0 0 rg BT 213.54 184.10 Td (distribution ) Tj ET Q q 0 0 0 rg BT 261.74 184.10 Td (of ) Tj ET Q q 0 0 0 rg BT 272.15 184.10 Td (films ) Tj ET Q q 0 0 0 rg BT 294.80 184.10 Td (and ) Tj ET Q q 0 0 0 rg BT 311.32 184.10 Td (television ) Tj ET Q q 0 0 0 rg BT 352.29 184.10 Td (programs ) Tj ET Q q 0 0 0 rg BT 392.15 184.10 Td (require ) Tj ET Q q 0 0 0 rg BT 422.55 184.10 Td (a ) Tj ET Q q 0 0 0 rg BT 429.07 184.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 473.37 184.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 505.45 184.10 Td (of ) Tj ET Q q 0 0 0 rg BT 515.87 184.10 Td (capital. ) Tj ET Q q 0 0 0 rg BT 546.95 184.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 172.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 108.81 172.10 Td (cannot ) Tj ET Q q 0 0 0 rg BT 137.90 172.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 170.87 172.10 Td (assurance ) Tj ET Q q 0 0 0 rg BT 212.16 172.10 Td (that ) Tj ET Q q 0 0 0 rg BT 229.58 172.10 Td (it ) Tj ET Q q 0 0 0 rg BT 237.57 172.10 Td (will ) Tj ET Q q 0 0 0 rg BT 255.55 172.10 Td (be ) Tj ET Q q 0 0 0 rg BT 267.42 172.10 Td (able ) Tj ET Q q 0 0 0 rg BT 286.50 172.10 Td (to ) Tj ET Q q 0 0 0 rg BT 296.70 172.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 333.56 172.10 Td (to ) Tj ET Q q 0 0 0 rg BT 343.77 172.10 Td (successfully ) Tj ET Q q 0 0 0 rg BT 395.07 172.10 Td (implement ) Tj ET Q q 0 0 0 rg BT 440.27 172.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 480.46 172.10 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 536.75 172.10 Td (or ) Tj ET Q q 0 0 0 rg BT 547.50 172.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 160.10 Td (it ) Tj ET Q q 0 0 0 rg BT 74.96 160.10 Td (will ) Tj ET Q q 0 0 0 rg BT 92.43 160.10 Td (not ) Tj ET Q q 0 0 0 rg BT 107.11 160.10 Td (be ) Tj ET Q q 0 0 0 rg BT 118.46 160.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 148.69 160.10 Td (to ) Tj ET Q q 0 0 0 rg BT 158.37 160.10 Td (substantial ) Tj ET Q q 0 0 0 rg BT 203.05 160.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 239.94 160.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 260.74 160.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 293.19 160.10 Td (to ) Tj ET Q q 0 0 0 rg BT 302.87 160.10 Td (the ) Tj ET Q q 0 0 0 rg BT 317.00 160.10 Td (production, ) Tj ET Q q 0 0 0 rg BT 364.73 160.10 Td (acquisition, ) Tj ET Q q 0 0 0 rg BT 413.02 160.10 Td (completion ) Tj ET Q q 0 0 0 rg BT 459.91 160.10 Td (and ) Tj ET Q q 0 0 0 rg BT 476.26 160.10 Td (release ) Tj ET Q q 0 0 0 rg BT 505.92 160.10 Td (of ) Tj ET Q q 0 0 0 rg BT 516.16 160.10 Td (future ) Tj ET Q q 0 0 0 rg BT 541.94 160.10 Td (films ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 148.10 Td (and ) Tj ET Q q 0 0 0 rg BT 83.47 148.10 Td (television ) Tj ET Q q 0 0 0 rg BT 123.88 148.10 Td (programs. ) Tj ET Q q 0 0 0 rg BT 165.67 148.10 Td (If ) Tj ET Q q 0 0 0 rg BT 173.86 148.10 Td (the ) Tj ET Q q 0 0 0 rg BT 187.60 148.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 228.02 148.10 Td (increases ) Tj ET Q q 0 0 0 rg BT 266.19 148.10 Td (\(through ) Tj ET Q q 0 0 0 rg BT 302.16 148.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 334.22 148.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 364.08 148.10 Td (or ) Tj ET Q q 0 0 0 rg BT 373.94 148.10 Td (acquisition\) ) Tj ET Q q 0 0 0 rg BT 422.68 148.10 Td (its ) Tj ET Q q 0 0 0 rg BT 433.65 148.10 Td (production ) Tj ET Q q 0 0 0 rg BT 478.51 148.10 Td (slate ) Tj ET Q q 0 0 0 rg BT 498.36 148.10 Td (or ) Tj ET Q q 0 0 0 rg BT 508.22 148.10 Td (its ) Tj ET Q q 0 0 0 rg BT 519.19 148.10 Td (production ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 136.10 Td (budgets, ) Tj ET Q q 0 0 0 rg BT 104.38 136.10 Td (it ) Tj ET Q q 0 0 0 rg BT 113.21 136.10 Td (may ) Tj ET Q q 0 0 0 rg BT 133.70 136.10 Td (be ) Tj ET Q q 0 0 0 rg BT 146.42 136.10 Td (required ) Tj ET Q q 0 0 0 rg BT 183.01 136.10 Td (to ) Tj ET Q q 0 0 0 rg BT 194.06 136.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 230.09 136.10 Td (overhead, ) Tj ET Q q 0 0 0 rg BT 272.50 136.10 Td (make ) Tj ET Q q 0 0 0 rg BT 297.43 136.10 Td (lar) Tj ET Q q 0 0 0 rg BT 307.80 136.10 Td (ger ) Tj ET Q q 0 0 0 rg BT 323.84 136.10 Td (up-front ) Tj ET Q q 0 0 0 rg BT 359.89 136.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 401.48 136.10 Td (to ) Tj ET Q q 0 0 0 rg BT 412.54 136.10 Td (talent, ) Tj ET Q q 0 0 0 rg BT 440.52 136.10 Td (and ) Tj ET Q q 0 0 0 rg BT 458.23 136.10 Td (consequently ) Tj ET Q q 0 0 0 rg BT 514.27 136.10 Td (bear ) Tj ET Q q 0 0 0 rg BT 534.75 136.10 Td (greater ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 124.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 104.35 124.10 Td (risks. ) Tj ET Q q 0 0 0 rg BT 127.48 124.10 Td (The ) Tj ET Q q 0 0 0 rg BT 144.89 124.10 Td (occurrence ) Tj ET Q q 0 0 0 rg BT 190.61 124.10 Td (of ) Tj ET Q q 0 0 0 rg BT 200.81 124.10 Td (any ) Tj ET Q q 0 0 0 rg BT 217.12 124.10 Td (of ) Tj ET Q q 0 0 0 rg BT 227.32 124.10 Td (the ) Tj ET Q q 0 0 0 rg BT 241.40 124.10 Td (foregoing ) Tj ET Q q 0 0 0 rg BT 282.15 124.10 Td (could ) Tj ET Q q 0 0 0 rg BT 306.24 124.10 Td (have ) Tj ET Q q 0 0 0 rg BT 326.98 124.10 Td (a ) Tj ET Q q 0 0 0 rg BT 333.29 124.10 Td (material ) Tj ET Q q 0 0 0 rg BT 367.92 124.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 400.32 124.10 Td (ef) Tj ET Q q 0 0 0 rg BT 407.91 124.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 424.77 124.10 Td (on ) Tj ET Q q 0 0 0 rg BT 436.64 124.10 Td (the ) Tj ET Q q 0 0 0 rg BT 450.72 124.10 Td (Company) Tj ET Q q 0 0 0 rg BT 492.39 124.10 Td (s ) Tj ET Q q 0 0 0 rg BT 498.15 124.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 536.41 124.10 Td (results ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 112.10 Td (of ) Tj ET Q q 0 0 0 rg BT 78.33 112.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 122.49 112.10 Td (or ) Tj ET Q q 0 0 0 rg BT 133.32 112.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 170.80 112.10 Td (condition.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 67.50 94.10 Td (T) Tj ET Q q 0 0 0 rg BT 72.69 94.10 Td (echnological Change \(Production and Distribution\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 76.10 Td (T) Tj ET Q q 0 0 0 rg BT 90.91 76.10 Td (echnological ) Tj ET Q q 0 0 0 rg BT 143.77 76.10 Td (change ) Tj ET Q q 0 0 0 rg BT 173.86 76.10 Td (may ) Tj ET Q q 0 0 0 rg BT 192.85 76.10 Td (have ) Tj ET Q q 0 0 0 rg BT 213.49 76.10 Td (a ) Tj ET Q q 0 0 0 rg BT 219.70 76.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 262.01 76.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 294.32 76.10 Td (ef) Tj ET Q q 0 0 0 rg BT 301.91 76.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 318.67 76.10 Td (on ) Tj ET Q q 0 0 0 rg BT 330.44 76.10 Td (the ) Tj ET Q q 0 0 0 rg BT 344.43 76.10 Td (Company) Tj ET Q q 0 0 0 rg BT 386.09 76.10 Td (s ) Tj ET Q q 0 0 0 rg BT 391.75 76.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 429.92 76.10 Td (results ) Tj ET Q q 0 0 0 rg BT 457.80 76.10 Td (of ) Tj ET Q q 0 0 0 rg BT 467.90 76.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 511.33 76.10 Td (and ) Tj ET Q q 0 0 0 rg BT 527.54 76.10 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 64.10 Td (condition. ) Tj ET Q q 0 0 0 rg BT 110.72 64.10 Td (The ) Tj ET Q q 0 0 0 rg BT 129.45 64.10 Td (emer) Tj ET Q q 0 0 0 rg BT 149.25 64.10 Td (gence ) Tj ET Q q 0 0 0 rg BT 175.74 64.10 Td (of ) Tj ET Q q 0 0 0 rg BT 187.25 64.10 Td (new ) Tj ET Q q 0 0 0 rg BT 207.09 64.10 Td (production ) Tj ET Q q 0 0 0 rg BT 253.59 64.10 Td (or ) Tj ET Q q 0 0 0 rg BT 265.10 64.10 Td (CGI ) Tj ET Q q 0 0 0 rg BT 285.50 64.10 Td (technologies, ) Tj ET Q q 0 0 0 rg BT 341.72 64.10 Td (or ) Tj ET Q q 0 0 0 rg BT 353.23 64.10 Td (a ) Tj ET Q q 0 0 0 rg BT 360.84 64.10 Td (new ) Tj ET Q q 0 0 0 rg BT 380.68 64.10 Td (digital ) Tj ET Q q 0 0 0 rg BT 409.41 64.10 Td (television ) Tj ET Q q 0 0 0 rg BT 451.47 64.10 Td (broadcasting ) Tj ET Q q 0 0 0 rg BT 505.74 64.10 Td (standard, ) Tj ET Q q 0 0 0 rg BT 545.30 64.10 Td (may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 52.10 Td (diminish ) Tj ET Q q 0 0 0 rg BT 105.17 52.10 Td (the ) Tj ET Q q 0 0 0 rg BT 120.05 52.10 Td (value ) Tj ET Q q 0 0 0 rg BT 144.36 52.10 Td (of ) Tj ET Q q 0 0 0 rg BT 155.36 52.10 Td (the ) Tj ET Q q 0 0 0 rg BT 170.24 52.10 Td (Company) Tj ET Q q 0 0 0 rg BT 211.90 52.10 Td (s ) Tj ET Q q 0 0 0 rg BT 218.46 52.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 252.78 52.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 297.66 52.10 Td (and ) Tj ET Q q 0 0 0 rg BT 314.76 52.10 Td (programs. ) Tj ET Q q 0 0 0 rg BT 357.10 52.10 Td (Although ) Tj ET Q q 0 0 0 rg BT 397.54 52.10 Td (the ) Tj ET Q q 0 0 0 rg BT 412.42 52.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 453.97 52.10 Td (is ) Tj ET Q q 0 0 0 rg BT 463.30 52.10 Td (committed ) Tj ET Q q 0 0 0 rg BT 508.74 52.10 Td (to ) Tj ET Q q 0 0 0 rg BT 519.18 52.10 Td (production ) Tj ET Q endstream endobj 67 0 obj <> endobj 68 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6 0.6 0.6 rg BT 301.00 31.60 Td (33) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 67.50 742.10 Td (technologies ) Tj ET Q q 0 0 0 rg BT 120.43 742.10 Td (such ) Tj ET Q q 0 0 0 rg BT 141.15 742.10 Td (as ) Tj ET Q q 0 0 0 rg BT 151.87 742.10 Td (computer ) Tj ET Q q 0 0 0 rg BT 192.02 742.10 Td (generated ) Tj ET Q q 0 0 0 rg BT 233.27 742.10 Td (imagery ) Tj ET Q q 0 0 0 rg BT 268.43 742.10 Td (\(") Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 275.84 742.10 Td (CGI) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.73 742.10 Td ("\) ) Tj ET Q q 0 0 0 rg BT 304.53 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 321.36 742.10 Td (digital ) Tj ET Q q 0 0 0 rg BT 349.30 742.10 Td (post-production, ) Tj ET Q q 0 0 0 rg BT 417.51 742.10 Td (there ) Tj ET Q q 0 0 0 rg BT 439.89 742.10 Td (can ) Tj ET Q q 0 0 0 rg BT 456.16 742.10 Td (be ) Tj ET Q q 0 0 0 rg BT 467.98 742.10 Td (no ) Tj ET Q q 0 0 0 rg BT 480.37 742.10 Td (assurance ) Tj ET Q q 0 0 0 rg BT 521.63 742.10 Td (that ) Tj ET Q q 0 0 0 rg BT 539.01 742.10 Td (it ) Tj ET Q q 0 0 0 rg BT 546.96 742.10 Td (will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 730.10 Td (be ) Tj ET Q q 0 0 0 rg BT 78.91 730.10 Td (able ) Tj ET Q q 0 0 0 rg BT 97.54 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 107.29 730.10 Td (incorporate ) Tj ET Q q 0 0 0 rg BT 154.79 730.10 Td (other ) Tj ET Q q 0 0 0 rg BT 177.31 730.10 Td (new ) Tj ET Q q 0 0 0 rg BT 195.94 730.10 Td (production ) Tj ET Q q 0 0 0 rg BT 241.24 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 257.65 730.10 Td (post-production ) Tj ET Q q 0 0 0 rg BT 322.95 730.10 Td (technologies ) Tj ET Q q 0 0 0 rg BT 375.46 730.10 Td (which ) Tj ET Q q 0 0 0 rg BT 401.87 730.10 Td (may ) Tj ET Q q 0 0 0 rg BT 421.06 730.10 Td (become ) Tj ET Q q 0 0 0 rg BT 454.12 730.10 Td (de ) Tj ET Q q 0 0 0 rg BT 465.53 730.10 Td (facto ) Tj ET Q q 0 0 0 rg BT 487.49 730.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 522.24 730.10 Td (standards. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 718.10 Td (In ) Tj ET Q q 0 0 0 rg BT 77.76 718.10 Td (particular) Tj ET Q q 0 0 0 rg BT 115.67 718.10 Td (, ) Tj ET Q q 0 0 0 rg BT 120.10 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 134.24 718.10 Td (advent ) Tj ET Q q 0 0 0 rg BT 162.83 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 173.09 718.10 Td (new ) Tj ET Q q 0 0 0 rg BT 191.67 718.10 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 231.92 718.10 Td (standards, ) Tj ET Q q 0 0 0 rg BT 274.12 718.10 Td (which ) Tj ET Q q 0 0 0 rg BT 300.48 718.10 Td (may ) Tj ET Q q 0 0 0 rg BT 319.63 718.10 Td (result ) Tj ET Q q 0 0 0 rg BT 343.77 718.10 Td (in ) Tj ET Q q 0 0 0 rg BT 353.48 718.10 Td (television ) Tj ET Q q 0 0 0 rg BT 394.29 718.10 Td (programming ) Tj ET Q q 0 0 0 rg BT 450.65 718.10 Td (being ) Tj ET Q q 0 0 0 rg BT 474.80 718.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 515.04 718.10 Td (with ) Tj ET Q q 0 0 0 rg BT 534.75 718.10 Td (greater ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 706.10 Td (resolution ) Tj ET Q q 0 0 0 rg BT 109.60 706.10 Td (and ) Tj ET Q q 0 0 0 rg BT 126.15 706.10 Td (on ) Tj ET Q q 0 0 0 rg BT 138.26 706.10 Td (a ) Tj ET Q q 0 0 0 rg BT 144.81 706.10 Td (wider ) Tj ET Q q 0 0 0 rg BT 169.68 706.10 Td (screen ) Tj ET Q q 0 0 0 rg BT 197.33 706.10 Td (than ) Tj ET Q q 0 0 0 rg BT 216.65 706.10 Td (is ) Tj ET Q q 0 0 0 rg BT 225.43 706.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 263.63 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 277.96 706.10 Td (case, ) Tj ET Q q 0 0 0 rg BT 299.77 706.10 Td (may ) Tj ET Q q 0 0 0 rg BT 319.10 706.10 Td (diminish ) Tj ET Q q 0 0 0 rg BT 356.21 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 370.54 706.10 Td (ever) Tj ET Q q 0 0 0 rg BT 387.56 706.10 Td (green ) Tj ET Q q 0 0 0 rg BT 411.88 706.10 Td (value ) Tj ET Q q 0 0 0 rg BT 435.64 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 446.08 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 460.41 706.10 Td (Company) Tj ET Q q 0 0 0 rg BT 502.07 706.10 Td (s ) Tj ET Q q 0 0 0 rg BT 508.07 706.10 Td (programming ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 694.10 Td (library ) Tj ET Q q 0 0 0 rg BT 96.67 694.10 Td (because ) Tj ET Q q 0 0 0 rg BT 130.84 694.10 Td (such ) Tj ET Q q 0 0 0 rg BT 151.69 694.10 Td (productions ) Tj ET Q q 0 0 0 rg BT 201.42 694.10 Td (may ) Tj ET Q q 0 0 0 rg BT 221.16 694.10 Td (not ) Tj ET Q q 0 0 0 rg BT 236.45 694.10 Td (be ) Tj ET Q q 0 0 0 rg BT 248.41 694.10 Td (able ) Tj ET Q q 0 0 0 rg BT 267.58 694.10 Td (to ) Tj ET Q q 0 0 0 rg BT 277.88 694.10 Td (take ) Tj ET Q q 0 0 0 rg BT 297.06 694.10 Td (full ) Tj ET Q q 0 0 0 rg BT 313.46 694.10 Td (advantage ) Tj ET Q q 0 0 0 rg BT 356.51 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 367.36 694.10 Td (such ) Tj ET Q q 0 0 0 rg BT 388.21 694.10 Td (features. ) Tj ET Q q 0 0 0 rg BT 424.69 694.10 Td (There ) Tj ET Q q 0 0 0 rg BT 450.52 694.10 Td (can ) Tj ET Q q 0 0 0 rg BT 466.92 694.10 Td (be ) Tj ET Q q 0 0 0 rg BT 478.88 694.10 Td (no ) Tj ET Q q 0 0 0 rg BT 491.40 694.10 Td (assurance ) Tj ET Q q 0 0 0 rg BT 532.78 694.10 Td (that ) Tj ET Q q 0 0 0 rg BT 550.30 694.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 682.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 108.89 682.10 Td (will ) Tj ET Q q 0 0 0 rg BT 126.94 682.10 Td (be ) Tj ET Q q 0 0 0 rg BT 138.88 682.10 Td (successful ) Tj ET Q q 0 0 0 rg BT 182.48 682.10 Td (in ) Tj ET Q q 0 0 0 rg BT 192.76 682.10 Td (adapting ) Tj ET Q q 0 0 0 rg BT 229.69 682.10 Td (to ) Tj ET Q q 0 0 0 rg BT 239.97 682.10 Td (these ) Tj ET Q q 0 0 0 rg BT 263.02 682.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 297.72 682.10 Td (on ) Tj ET Q q 0 0 0 rg BT 310.22 682.10 Td (a ) Tj ET Q q 0 0 0 rg BT 317.16 682.10 Td (timely ) Tj ET Q q 0 0 0 rg BT 345.21 682.10 Td (basis.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 67.50 664.10 Td (Labour Relations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 646.10 Td (Many ) Tj ET Q q 0 0 0 rg BT 111.72 646.10 Td (individuals ) Tj ET Q q 0 0 0 rg BT 159.06 646.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 203.05 646.10 Td (with ) Tj ET Q q 0 0 0 rg BT 223.72 646.10 Td (the ) Tj ET Q q 0 0 0 rg BT 238.83 646.10 Td (Company) Tj ET Q q 0 0 0 rg BT 280.49 646.10 Td (s ) Tj ET Q q 0 0 0 rg BT 287.28 646.10 Td (projects ) Tj ET Q q 0 0 0 rg BT 321.83 646.10 Td (are ) Tj ET Q q 0 0 0 rg BT 336.93 646.10 Td (members ) Tj ET Q q 0 0 0 rg BT 376.47 646.10 Td (of ) Tj ET Q q 0 0 0 rg BT 387.70 646.10 Td (guilds ) Tj ET Q q 0 0 0 rg BT 415.04 646.10 Td (or ) Tj ET Q q 0 0 0 rg BT 426.26 646.10 Td (unions ) Tj ET Q q 0 0 0 rg BT 455.82 646.10 Td (which ) Tj ET Q q 0 0 0 rg BT 483.16 646.10 Td (bar) Tj ET Q q 0 0 0 rg BT 495.74 646.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 515.85 646.10 Td (collectively ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 634.10 Td (with ) Tj ET Q q 0 0 0 rg BT 88.15 634.10 Td (producers ) Tj ET Q q 0 0 0 rg BT 130.45 634.10 Td (on ) Tj ET Q q 0 0 0 rg BT 143.32 634.10 Td (an ) Tj ET Q q 0 0 0 rg BT 155.63 634.10 Td (industry-wide ) Tj ET Q q 0 0 0 rg BT 214.05 634.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 236.92 634.10 Td (from ) Tj ET Q q 0 0 0 rg BT 259.23 634.10 Td (time ) Tj ET Q q 0 0 0 rg BT 279.87 634.10 Td (to ) Tj ET Q q 0 0 0 rg BT 290.52 634.10 Td (time. ) Tj ET Q q 0 0 0 rg BT 313.46 634.10 Td (While ) Tj ET Q q 0 0 0 rg BT 340.76 634.10 Td (the ) Tj ET Q q 0 0 0 rg BT 355.85 634.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 397.61 634.10 Td (has ) Tj ET Q q 0 0 0 rg BT 413.81 634.10 Td (positive ) Tj ET Q q 0 0 0 rg BT 448.35 634.10 Td (relationships ) Tj ET Q q 0 0 0 rg BT 502.32 634.10 Td (with ) Tj ET Q q 0 0 0 rg BT 522.97 634.10 Td (the ) Tj ET Q q 0 0 0 rg BT 538.06 634.10 Td (guilds ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 622.10 Td (and ) Tj ET Q q 0 0 0 rg BT 85.12 622.10 Td (unions ) Tj ET Q q 0 0 0 rg BT 114.97 622.10 Td (in ) Tj ET Q q 0 0 0 rg BT 125.92 622.10 Td (the ) Tj ET Q q 0 0 0 rg BT 141.32 622.10 Td (industry) Tj ET Q q 0 0 0 rg BT 173.45 622.10 Td (, ) Tj ET Q q 0 0 0 rg BT 179.13 622.10 Td (a ) Tj ET Q q 0 0 0 rg BT 186.74 622.10 Td (strike ) Tj ET Q q 0 0 0 rg BT 212.14 622.10 Td (or ) Tj ET Q q 0 0 0 rg BT 223.65 622.10 Td (other ) Tj ET Q q 0 0 0 rg BT 247.37 622.10 Td (form ) Tj ET Q q 0 0 0 rg BT 269.99 622.10 Td (of ) Tj ET Q q 0 0 0 rg BT 281.50 622.10 Td (labour ) Tj ET Q q 0 0 0 rg BT 310.22 622.10 Td (protest ) Tj ET Q q 0 0 0 rg BT 340.62 622.10 Td (af) Tj ET Q q 0 0 0 rg BT 348.21 622.10 Td (fecting ) Tj ET Q q 0 0 0 rg BT 379.15 622.10 Td (those ) Tj ET Q q 0 0 0 rg BT 403.44 622.10 Td (guilds ) Tj ET Q q 0 0 0 rg BT 431.06 622.10 Td (or ) Tj ET Q q 0 0 0 rg BT 442.57 622.10 Td (unions ) Tj ET Q q 0 0 0 rg BT 472.42 622.10 Td (could, ) Tj ET Q q 0 0 0 rg BT 500.32 622.10 Td (to ) Tj ET Q q 0 0 0 rg BT 511.27 622.10 Td (some ) Tj ET Q q 0 0 0 rg BT 535.56 622.10 Td (extent, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 610.10 Td (disrupt ) Tj ET Q q 0 0 0 rg BT 97.78 610.10 Td (production ) Tj ET Q q 0 0 0 rg BT 143.60 610.10 Td (schedules ) Tj ET Q q 0 0 0 rg BT 184.98 610.10 Td (which ) Tj ET Q q 0 0 0 rg BT 211.92 610.10 Td (could ) Tj ET Q q 0 0 0 rg BT 236.64 610.10 Td (result ) Tj ET Q q 0 0 0 rg BT 261.35 610.10 Td (in ) Tj ET Q q 0 0 0 rg BT 271.63 610.10 Td (delays ) Tj ET Q q 0 0 0 rg BT 299.68 610.10 Td (and ) Tj ET Q q 0 0 0 rg BT 316.62 610.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 359.11 610.10 Td (expenses.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 67.50 592.10 Td (Exchange Rates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 574.10 Td (The ) Tj ET Q q 0 0 0 rg BT 104.19 574.10 Td (returns ) Tj ET Q q 0 0 0 rg BT 135.11 574.10 Td (to ) Tj ET Q q 0 0 0 rg BT 146.03 574.10 Td (the ) Tj ET Q q 0 0 0 rg BT 161.39 574.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 203.43 574.10 Td (from ) Tj ET Q q 0 0 0 rg BT 226.01 574.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 258.03 574.10 Td (exploitations ) Tj ET Q q 0 0 0 rg BT 312.84 574.10 Td (of ) Tj ET Q q 0 0 0 rg BT 324.32 574.10 Td (its ) Tj ET Q q 0 0 0 rg BT 336.91 574.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 380.04 574.10 Td (are ) Tj ET Q q 0 0 0 rg BT 395.40 574.10 Td (customarily ) Tj ET Q q 0 0 0 rg BT 445.75 574.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 466.12 574.10 Td (in ) Tj ET Q q 0 0 0 rg BT 477.04 574.10 Td (US ) Tj ET Q q 0 0 0 rg BT 492.97 574.10 Td (dollars, ) Tj ET Q q 0 0 0 rg BT 525.83 574.10 Td (GBP) Tj ET Q q 0 0 0 rg BT 544.91 574.10 Td ( ) Tj ET Q q 0 0 0 rg BT 548.06 574.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 562.10 Td (Euros ) Tj ET Q q 0 0 0 rg BT 93.03 562.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 112.17 562.10 Td (as ) Tj ET Q q 0 0 0 rg BT 122.70 562.10 Td (such, ) Tj ET Q q 0 0 0 rg BT 145.73 562.10 Td (may ) Tj ET Q q 0 0 0 rg BT 165.14 562.10 Td (be ) Tj ET Q q 0 0 0 rg BT 176.78 562.10 Td (af) Tj ET Q q 0 0 0 rg BT 184.37 562.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 210.99 562.10 Td (by ) Tj ET Q q 0 0 0 rg BT 223.19 562.10 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 272.60 562.10 Td (in ) Tj ET Q q 0 0 0 rg BT 282.58 562.10 Td (the ) Tj ET Q q 0 0 0 rg BT 297.00 562.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 336.95 562.10 Td (rates. ) Tj ET Q q 0 0 0 rg BT 360.53 562.10 Td (Currency ) Tj ET Q q 0 0 0 rg BT 399.94 562.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 439.89 562.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 460.97 562.10 Td (are ) Tj ET Q q 0 0 0 rg BT 475.37 562.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 522.55 562.10 Td (by ) Tj ET Q q 0 0 0 rg BT 534.75 562.10 Td (market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 550.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 97.14 550.10 Td (beyond ) Tj ET Q q 0 0 0 rg BT 129.01 550.10 Td (the ) Tj ET Q q 0 0 0 rg BT 143.66 550.10 Td (control ) Tj ET Q q 0 0 0 rg BT 174.42 550.10 Td (of ) Tj ET Q q 0 0 0 rg BT 185.19 550.10 Td (the ) Tj ET Q q 0 0 0 rg BT 199.84 550.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 241.16 550.10 Td (and ) Tj ET Q q 0 0 0 rg BT 258.03 550.10 Td (may ) Tj ET Q q 0 0 0 rg BT 277.68 550.10 Td (vary ) Tj ET Q q 0 0 0 rg BT 297.89 550.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 350.87 550.10 Td (during ) Tj ET Q q 0 0 0 rg BT 379.41 550.10 Td (the ) Tj ET Q q 0 0 0 rg BT 394.06 550.10 Td (course ) Tj ET Q q 0 0 0 rg BT 422.60 550.10 Td (of ) Tj ET Q q 0 0 0 rg BT 433.36 550.10 Td (a ) Tj ET Q q 0 0 0 rg BT 440.23 550.10 Td (production ) Tj ET Q q 0 0 0 rg BT 485.99 550.10 Td (period. ) Tj ET Q q 0 0 0 rg BT 516.47 550.10 Td (In ) Tj ET Q q 0 0 0 rg BT 527.24 550.10 Td (addition, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 538.10 Td (the ) Tj ET Q q 0 0 0 rg BT 82.69 538.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 111.21 538.10 Td (of ) Tj ET Q q 0 0 0 rg BT 122.51 538.10 Td (the ) Tj ET Q q 0 0 0 rg BT 137.70 538.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 179.55 538.10 Td (to ) Tj ET Q q 0 0 0 rg BT 190.30 538.10 Td (repatriate ) Tj ET Q q 0 0 0 rg BT 231.02 538.10 Td (to ) Tj ET Q q 0 0 0 rg BT 241.77 538.10 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 282.50 538.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 307.70 538.10 Td (arising ) Tj ET Q q 0 0 0 rg BT 337.88 538.10 Td (in ) Tj ET Q q 0 0 0 rg BT 348.63 538.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 395.47 538.10 Td (with ) Tj ET Q q 0 0 0 rg BT 416.22 538.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 448.07 538.10 Td (exploitation ) Tj ET Q q 0 0 0 rg BT 498.81 538.10 Td (of ) Tj ET Q q 0 0 0 rg BT 510.11 538.10 Td (its ) Tj ET Q q 0 0 0 rg BT 522.53 538.10 Td (properties ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 526.10 Td (may ) Tj ET Q q 0 0 0 rg BT 86.80 526.10 Td (also ) Tj ET Q q 0 0 0 rg BT 105.00 526.10 Td (be ) Tj ET Q q 0 0 0 rg BT 116.53 526.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 156.93 526.10 Td (af) Tj ET Q q 0 0 0 rg BT 164.52 526.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 191.03 526.10 Td (by ) Tj ET Q q 0 0 0 rg BT 203.12 526.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 240.18 526.10 Td (and ) Tj ET Q q 0 0 0 rg BT 256.70 526.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 296.55 526.10 Td (control ) Tj ET Q q 0 0 0 rg BT 326.96 526.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 373.48 526.10 Td (imposed ) Tj ET Q q 0 0 0 rg BT 409.45 526.10 Td (by ) Tj ET Q q 0 0 0 rg BT 421.54 526.10 Td (the ) Tj ET Q q 0 0 0 rg BT 435.84 526.10 Td (country ) Tj ET Q q 0 0 0 rg BT 468.48 526.10 Td (in ) Tj ET Q q 0 0 0 rg BT 478.34 526.10 Td (which ) Tj ET Q q 0 0 0 rg BT 504.87 526.10 Td (the ) Tj ET Q q 0 0 0 rg BT 519.17 526.10 Td (production ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 514.10 Td (is ) Tj ET Q q 0 0 0 rg BT 76.93 514.10 Td (exploited. ) Tj ET Q q 0 0 0 rg BT 118.79 514.10 Td (At ) Tj ET Q q 0 0 0 rg BT 131.55 514.10 Td (present, ) Tj ET Q q 0 0 0 rg BT 165.69 514.10 Td (the ) Tj ET Q q 0 0 0 rg BT 180.66 514.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 222.31 514.10 Td (is ) Tj ET Q q 0 0 0 rg BT 231.73 514.10 Td (not ) Tj ET Q q 0 0 0 rg BT 247.27 514.10 Td (aware ) Tj ET Q q 0 0 0 rg BT 273.90 514.10 Td (of ) Tj ET Q q 0 0 0 rg BT 284.99 514.10 Td (any ) Tj ET Q q 0 0 0 rg BT 302.18 514.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 336.61 514.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 374.34 514.10 Td (or ) Tj ET Q q 0 0 0 rg BT 385.43 514.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 425.94 514.10 Td (control ) Tj ET Q q 0 0 0 rg BT 457.03 514.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 504.22 514.10 Td (in ) Tj ET Q q 0 0 0 rg BT 514.76 514.10 Td (any ) Tj ET Q q 0 0 0 rg BT 531.95 514.10 Td (country ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 502.10 Td (in ) Tj ET Q q 0 0 0 rg BT 77.29 502.10 Td (which ) Tj ET Q q 0 0 0 rg BT 103.74 502.10 Td (the ) Tj ET Q q 0 0 0 rg BT 117.97 502.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 158.87 502.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 196.97 502.10 Td (contemplates ) Tj ET Q q 0 0 0 rg BT 251.74 502.10 Td (exploiting ) Tj ET Q q 0 0 0 rg BT 294.31 502.10 Td (its ) Tj ET Q q 0 0 0 rg BT 305.77 502.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 347.76 502.10 Td (which ) Tj ET Q q 0 0 0 rg BT 374.21 502.10 Td (would ) Tj ET Q q 0 0 0 rg BT 401.23 502.10 Td (have ) Tj ET Q q 0 0 0 rg BT 422.11 502.10 Td (an ) Tj ET Q q 0 0 0 rg BT 433.56 502.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 466.11 502.10 Td (ef) Tj ET Q q 0 0 0 rg BT 473.70 502.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 490.70 502.10 Td (on ) Tj ET Q q 0 0 0 rg BT 502.71 502.10 Td (the ) Tj ET Q q 0 0 0 rg BT 516.94 502.10 Td (Company) Tj ET Q q 0 0 0 rg BT 558.60 502.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 490.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 96.38 490.10 Td (to ) Tj ET Q q 0 0 0 rg BT 107.48 490.10 Td (repatriate ) Tj ET Q q 0 0 0 rg BT 148.55 490.10 Td (such ) Tj ET Q q 0 0 0 rg BT 170.21 490.10 Td (funds. ) Tj ET Q q 0 0 0 rg BT 198.01 490.10 Td (Where ) Tj ET Q q 0 0 0 rg BT 227.98 490.10 Td (appropriate, ) Tj ET Q q 0 0 0 rg BT 279.34 490.10 Td (the ) Tj ET Q q 0 0 0 rg BT 294.88 490.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 337.09 490.10 Td (will ) Tj ET Q q 0 0 0 rg BT 355.97 490.10 Td (hedge ) Tj ET Q q 0 0 0 rg BT 383.17 490.10 Td (its ) Tj ET Q q 0 0 0 rg BT 395.94 490.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 428.15 490.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 469.22 490.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 487.55 490.10 Td (through ) Tj ET Q q 0 0 0 rg BT 521.98 490.10 Td (the ) Tj ET Q q 0 0 0 rg BT 537.52 490.10 Td (use ) Tj ET Q q 0 0 0 rg BT 554.18 490.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 478.10 Td (derivatives.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 460.10 Td (Any ) Tj ET Q q 0 0 0 rg BT 105.24 460.10 Td (of ) Tj ET Q q 0 0 0 rg BT 116.10 460.10 Td (the ) Tj ET Q q 0 0 0 rg BT 130.83 460.10 Td (foregoing ) Tj ET Q q 0 0 0 rg BT 172.23 460.10 Td (could ) Tj ET Q q 0 0 0 rg BT 196.97 460.10 Td (have ) Tj ET Q q 0 0 0 rg BT 218.37 460.10 Td (a ) Tj ET Q q 0 0 0 rg BT 225.33 460.10 Td (material ) Tj ET Q q 0 0 0 rg BT 260.61 460.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 293.67 460.10 Td (ef) Tj ET Q q 0 0 0 rg BT 301.26 460.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 318.77 460.10 Td (on ) Tj ET Q q 0 0 0 rg BT 331.29 460.10 Td (the ) Tj ET Q q 0 0 0 rg BT 346.03 460.10 Td (Company) Tj ET Q q 0 0 0 rg BT 387.69 460.10 Td (s ) Tj ET Q q 0 0 0 rg BT 394.11 460.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 433.02 460.10 Td (results ) Tj ET Q q 0 0 0 rg BT 461.65 460.10 Td (of ) Tj ET Q q 0 0 0 rg BT 472.50 460.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 516.68 460.10 Td (or ) Tj ET Q q 0 0 0 rg BT 527.53 460.10 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 448.10 Td (condition.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 424.70 Td (Risks ) Tj ET Q q 0 0 0 rg BT 93.34 424.70 Td (Related ) Tj ET Q q 0 0 0 rg BT 128.61 424.70 Td (to ) Tj ET Q q 0 0 0 rg BT 139.26 424.70 Td (T) Tj ET Q q 0 0 0 rg BT 145.01 424.70 Td (elevision ) Tj ET Q q 0 0 0 rg BT 184.18 424.70 Td (Br) Tj ET Q q 0 0 0 rg BT 195.11 424.70 Td (oadcasting) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 67.50 401.30 Td (Impact ) Tj ET Q q 0 0 0 rg BT 98.89 401.30 Td (of ) Tj ET Q q 0 0 0 rg BT 109.72 401.30 Td (CRTC's ) Tj ET Q q 0 0 0 rg BT 145.00 401.30 Td (Let's ) Tj ET Q q 0 0 0 rg BT 167.50 401.30 Td (T) Tj ET Q q 0 0 0 rg BT 172.69 401.30 Td (alk ) Tj ET Q q 0 0 0 rg BT 187.97 401.30 Td (TV) Tj ET Q q 0 0 0 rg BT 200.57 401.30 Td ( ) Tj ET Q q 0 0 0 rg BT 203.07 401.30 Td (Consultation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 383.30 Td (Starting ) Tj ET Q q 0 0 0 rg BT 120.00 383.30 Td (in ) Tj ET Q q 0 0 0 rg BT 130.62 383.30 Td (March ) Tj ET Q q 0 0 0 rg BT 159.56 383.30 Td (2016, ) Tj ET Q q 0 0 0 rg BT 184.90 383.30 Td (BDUs ) Tj ET Q q 0 0 0 rg BT 212.74 383.30 Td (are ) Tj ET Q q 0 0 0 rg BT 227.79 383.30 Td (required ) Tj ET Q q 0 0 0 rg BT 263.94 383.30 Td (to ) Tj ET Q q 0 0 0 rg BT 274.56 383.30 Td (of) Tj ET Q q 0 0 0 rg BT 282.71 383.30 Td (fer ) Tj ET Q q 0 0 0 rg BT 296.65 383.30 Td (all ) Tj ET Q q 0 0 0 rg BT 309.48 383.30 Td (discretionary ) Tj ET Q q 0 0 0 rg BT 364.53 383.30 Td (television ) Tj ET Q q 0 0 0 rg BT 406.25 383.30 Td (programming ) Tj ET Q q 0 0 0 rg BT 463.52 383.30 Td (services ) Tj ET Q q 0 0 0 rg BT 498.57 383.30 Td (\(which ) Tj ET Q q 0 0 0 rg BT 529.17 383.30 Td (includes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 371.30 Td (all ) Tj ET Q q 0 0 0 rg BT 80.16 371.30 Td (services ) Tj ET Q q 0 0 0 rg BT 115.02 371.30 Td (other ) Tj ET Q q 0 0 0 rg BT 138.23 371.30 Td (than ) Tj ET Q q 0 0 0 rg BT 158.11 371.30 Td (those ) Tj ET Q q 0 0 0 rg BT 181.88 371.30 Td (that ) Tj ET Q q 0 0 0 rg BT 199.53 371.30 Td (are ) Tj ET Q q 0 0 0 rg BT 214.40 371.30 Td (required ) Tj ET Q q 0 0 0 rg BT 250.37 371.30 Td (to ) Tj ET Q q 0 0 0 rg BT 260.81 371.30 Td (be ) Tj ET Q q 0 0 0 rg BT 272.91 371.30 Td (distributed ) Tj ET Q q 0 0 0 rg BT 318.34 371.30 Td (as ) Tj ET Q q 0 0 0 rg BT 329.33 371.30 Td (a ) Tj ET Q q 0 0 0 rg BT 336.43 371.30 Td (part ) Tj ET Q q 0 0 0 rg BT 354.64 371.30 Td (of ) Tj ET Q q 0 0 0 rg BT 365.63 371.30 Td (the ) Tj ET Q q 0 0 0 rg BT 380.51 371.30 Td (basic ) Tj ET Q q 0 0 0 rg BT 403.71 371.30 Td (service ) Tj ET Q q 0 0 0 rg BT 434.69 371.30 Td (and ) Tj ET Q q 0 0 0 rg BT 451.79 371.30 Td (some ) Tj ET Q q 0 0 0 rg BT 475.56 371.30 Td (other ) Tj ET Q q 0 0 0 rg BT 498.76 371.30 Td (few ) Tj ET Q q 0 0 0 rg BT 516.41 371.30 Td (exceptions\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 359.30 Td (either ) Tj ET Q q 0 0 0 rg BT 92.93 359.30 Td (on ) Tj ET Q q 0 0 0 rg BT 105.59 359.30 Td (an ) Tj ET Q q 0 0 0 rg BT 117.69 359.30 Td ( ) Tj ET Q q 0 0 0 rg BT 124.79 359.30 Td (la ) Tj ET Q q 0 0 0 rg BT 134.68 359.30 Td (carte ) Tj ET Q q 0 0 0 rg BT 156.76 359.30 Td (basis ) Tj ET Q q 0 0 0 rg BT 179.43 359.30 Td (or ) Tj ET Q q 0 0 0 rg BT 190.42 359.30 Td (in ) Tj ET Q q 0 0 0 rg BT 200.86 359.30 Td (small ) Tj ET Q q 0 0 0 rg BT 225.19 359.30 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 271.17 359.30 Td (priced ) Tj ET Q q 0 0 0 rg BT 298.82 359.30 Td (packages. ) Tj ET Q q 0 0 0 rg BT 340.63 359.30 Td (Starting ) Tj ET Q q 0 0 0 rg BT 374.96 359.30 Td (in ) Tj ET Q q 0 0 0 rg BT 385.40 359.30 Td (December ) Tj ET Q q 0 0 0 rg BT 429.15 359.30 Td (2016, ) Tj ET Q q 0 0 0 rg BT 454.31 359.30 Td (BDUs ) Tj ET Q q 0 0 0 rg BT 481.98 359.30 Td (are ) Tj ET Q q 0 0 0 rg BT 496.85 359.30 Td (required ) Tj ET Q q 0 0 0 rg BT 532.83 359.30 Td (to ) Tj ET Q q 0 0 0 rg BT 543.27 359.30 Td (of) Tj ET Q q 0 0 0 rg BT 551.42 359.30 Td (fer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 347.30 Td (all ) Tj ET Q q 0 0 0 rg BT 80.00 347.30 Td (services ) Tj ET Q q 0 0 0 rg BT 114.70 347.30 Td (both ) Tj ET Q q 0 0 0 rg BT 134.98 347.30 Td (on ) Tj ET Q q 0 0 0 rg BT 147.48 347.30 Td (an ) Tj ET Q q 0 0 0 rg BT 159.42 347.30 Td ( ) Tj ET Q q 0 0 0 rg BT 166.36 347.30 Td (la ) Tj ET Q q 0 0 0 rg BT 176.07 347.30 Td (carte ) Tj ET Q q 0 0 0 rg BT 198.00 347.30 Td (basis ) Tj ET Q q 0 0 0 rg BT 220.50 347.30 Td (and ) Tj ET Q q 0 0 0 rg BT 237.44 347.30 Td (in ) Tj ET Q q 0 0 0 rg BT 247.71 347.30 Td (small ) Tj ET Q q 0 0 0 rg BT 271.88 347.30 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 317.70 347.30 Td (priced ) Tj ET Q q 0 0 0 rg BT 345.18 347.30 Td (packages.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 329.30 Td (The ) Tj ET Q q 0 0 0 rg BT 103.57 329.30 Td (impact ) Tj ET Q q 0 0 0 rg BT 133.30 329.30 Td (of ) Tj ET Q q 0 0 0 rg BT 144.15 329.30 Td (these ) Tj ET Q q 0 0 0 rg BT 167.22 329.30 Td (changes ) Tj ET Q q 0 0 0 rg BT 201.95 329.30 Td (on ) Tj ET Q q 0 0 0 rg BT 214.47 329.30 Td (existing ) Tj ET Q q 0 0 0 rg BT 248.66 329.30 Td (packages ) Tj ET Q q 0 0 0 rg BT 287.83 329.30 Td (of) Tj ET Q q 0 0 0 rg BT 295.98 329.30 Td (fered ) Tj ET Q q 0 0 0 rg BT 319.04 329.30 Td (by ) Tj ET Q q 0 0 0 rg BT 331.56 329.30 Td (BDUs, ) Tj ET Q q 0 0 0 rg BT 361.59 329.30 Td (and ) Tj ET Q q 0 0 0 rg BT 378.55 329.30 Td (in ) Tj ET Q q 0 0 0 rg BT 388.85 329.30 Td (particular ) Tj ET Q q 0 0 0 rg BT 429.68 329.30 Td (on ) Tj ET Q q 0 0 0 rg BT 442.20 329.30 Td (the ) Tj ET Q q 0 0 0 rg BT 456.94 329.30 Td (relatively ) Tj ET Q q 0 0 0 rg BT 497.22 329.30 Td (high ) Tj ET Q q 0 0 0 rg BT 517.52 329.30 Td (penetration ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 317.30 Td (packages ) Tj ET Q q 0 0 0 rg BT 106.14 317.30 Td (in ) Tj ET Q q 0 0 0 rg BT 115.91 317.30 Td (which ) Tj ET Q q 0 0 0 rg BT 142.35 317.30 Td (DHX ) Tj ET Q q 0 0 0 rg BT 165.86 317.30 Td (T) Tj ET Q q 0 0 0 rg BT 171.27 317.30 Td (elevision's ) Tj ET Q q 0 0 0 rg BT 215.06 317.30 Td (services ) Tj ET Q q 0 0 0 rg BT 249.27 317.30 Td (have ) Tj ET Q q 0 0 0 rg BT 270.14 317.30 Td (typically ) Tj ET Q q 0 0 0 rg BT 307.12 317.30 Td (been ) Tj ET Q q 0 0 0 rg BT 327.99 317.30 Td (of) Tj ET Q q 0 0 0 rg BT 336.14 317.30 Td (fered ) Tj ET Q q 0 0 0 rg BT 358.67 317.30 Td (is ) Tj ET Q q 0 0 0 rg BT 367.34 317.30 Td (not ) Tj ET Q q 0 0 0 rg BT 382.11 317.30 Td (yet ) Tj ET Q q 0 0 0 rg BT 396.32 317.30 Td (fully ) Tj ET Q q 0 0 0 rg BT 417.20 317.30 Td (known. ) Tj ET Q q 0 0 0 rg BT 448.92 317.30 Td (If ) Tj ET Q q 0 0 0 rg BT 457.58 317.30 Td (DHX ) Tj ET Q q 0 0 0 rg BT 481.09 317.30 Td (T) Tj ET Q q 0 0 0 rg BT 486.50 317.30 Td (elevision's ) Tj ET Q q 0 0 0 rg BT 530.29 317.30 Td (services ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 305.30 Td (were ) Tj ET Q q 0 0 0 rg BT 90.03 305.30 Td (moved ) Tj ET Q q 0 0 0 rg BT 120.35 305.30 Td (into ) Tj ET Q q 0 0 0 rg BT 139.00 305.30 Td (low ) Tj ET Q q 0 0 0 rg BT 157.10 305.30 Td (penetration ) Tj ET Q q 0 0 0 rg BT 205.19 305.30 Td (packages ) Tj ET Q q 0 0 0 rg BT 244.93 305.30 Td (or ) Tj ET Q q 0 0 0 rg BT 256.36 305.30 Td (only ) Tj ET Q q 0 0 0 rg BT 277.24 305.30 Td (of) Tj ET Q q 0 0 0 rg BT 285.39 305.30 Td (fered ) Tj ET Q q 0 0 0 rg BT 309.03 305.30 Td (on ) Tj ET Q q 0 0 0 rg BT 322.13 305.30 Td (an ) Tj ET Q q 0 0 0 rg BT 334.67 305.30 Td ( ) Tj ET Q q 0 0 0 rg BT 342.21 305.30 Td (la ) Tj ET Q q 0 0 0 rg BT 352.52 305.30 Td (carte ) Tj ET Q q 0 0 0 rg BT 375.05 305.30 Td (basis, ) Tj ET Q q 0 0 0 rg BT 400.65 305.30 Td (and ) Tj ET Q q 0 0 0 rg BT 418.19 305.30 Td (if ) Tj ET Q q 0 0 0 rg BT 427.40 305.30 Td (DHX ) Tj ET Q q 0 0 0 rg BT 451.94 305.30 Td (T) Tj ET Q q 0 0 0 rg BT 457.35 305.30 Td (elevision ) Tj ET Q q 0 0 0 rg BT 496.55 305.30 Td (were ) Tj ET Q q 0 0 0 rg BT 519.08 305.30 Td (not ) Tj ET Q q 0 0 0 rg BT 534.96 305.30 Td (able ) Tj ET Q q 0 0 0 rg BT 554.72 305.30 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 293.30 Td (negotiate ) Tj ET Q q 0 0 0 rg BT 105.87 293.30 Td (penetration ) Tj ET Q q 0 0 0 rg BT 152.58 293.30 Td (based ) Tj ET Q q 0 0 0 rg BT 177.07 293.30 Td (pricing ) Tj ET Q q 0 0 0 rg BT 207.12 293.30 Td (to ) Tj ET Q q 0 0 0 rg BT 216.62 293.30 Td (of) Tj ET Q q 0 0 0 rg BT 224.77 293.30 Td (fset ) Tj ET Q q 0 0 0 rg BT 240.93 293.30 Td (the ) Tj ET Q q 0 0 0 rg BT 254.87 293.30 Td (decline ) Tj ET Q q 0 0 0 rg BT 285.46 293.30 Td (in ) Tj ET Q q 0 0 0 rg BT 294.96 293.30 Td (penetration, ) Tj ET Q q 0 0 0 rg BT 344.17 293.30 Td (then ) Tj ET Q q 0 0 0 rg BT 363.10 293.30 Td (this ) Tj ET Q q 0 0 0 rg BT 379.28 293.30 Td (could ) Tj ET Q q 0 0 0 rg BT 403.21 293.30 Td (have ) Tj ET Q q 0 0 0 rg BT 423.81 293.30 Td (an ) Tj ET Q q 0 0 0 rg BT 434.98 293.30 Td (adverse ) Tj ET Q q 0 0 0 rg BT 467.24 293.30 Td (impact ) Tj ET Q q 0 0 0 rg BT 496.17 293.30 Td (on ) Tj ET Q q 0 0 0 rg BT 507.89 293.30 Td (DHX ) Tj ET Q q 0 0 0 rg BT 531.28 293.30 Td (Media's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 281.30 Td (revenue.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 67.50 263.30 Td (Applicable ) Tj ET Q q 0 0 0 rg BT 113.88 263.30 Td (Licenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 245.30 Td (The ) Tj ET Q q 0 0 0 rg BT 103.07 245.30 Td (DHX ) Tj ET Q q 0 0 0 rg BT 126.62 245.30 Td (T) Tj ET Q q 0 0 0 rg BT 132.03 245.30 Td (elevision ) Tj ET Q q 0 0 0 rg BT 170.16 245.30 Td (Business ) Tj ET Q q 0 0 0 rg BT 207.74 245.30 Td (operates ) Tj ET Q q 0 0 0 rg BT 243.08 245.30 Td (under ) Tj ET Q q 0 0 0 rg BT 267.88 245.30 Td (three ) Tj ET Q q 0 0 0 rg BT 289.89 245.30 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 330.23 245.30 Td (licenses ) Tj ET Q q 0 0 0 rg BT 363.91 245.30 Td (issued ) Tj ET Q q 0 0 0 rg BT 390.93 245.30 Td (by ) Tj ET Q q 0 0 0 rg BT 402.96 245.30 Td (the ) Tj ET Q q 0 0 0 rg BT 417.20 245.30 Td (CR) Tj ET Q q 0 0 0 rg BT 429.94 245.30 Td (TC, ) Tj ET Q q 0 0 0 rg BT 447.25 245.30 Td (which ) Tj ET Q q 0 0 0 rg BT 473.71 245.30 Td (are ) Tj ET Q q 0 0 0 rg BT 487.94 245.30 Td (required ) Tj ET Q q 0 0 0 rg BT 523.28 245.30 Td (to ) Tj ET Q q 0 0 0 rg BT 533.09 245.30 Td (operate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 233.30 Td (the ) Tj ET Q q 0 0 0 rg BT 81.05 233.30 Td (broadcasting ) Tj ET Q q 0 0 0 rg BT 133.48 233.30 Td (undertakings ) Tj ET Q q 0 0 0 rg BT 186.47 233.30 Td (held ) Tj ET Q q 0 0 0 rg BT 205.02 233.30 Td (by ) Tj ET Q q 0 0 0 rg BT 216.35 233.30 Td (DHX ) Tj ET Q q 0 0 0 rg BT 239.26 233.30 Td (T) Tj ET Q q 0 0 0 rg BT 244.67 233.30 Td (elevision. ) Tj ET Q q 0 0 0 rg BT 284.51 233.30 Td (The ) Tj ET Q q 0 0 0 rg BT 301.39 233.30 Td (Category ) Tj ET Q q 0 0 0 rg BT 339.09 233.30 Td (A) Tj ET Q q 0 0 0 rg BT 345.76 233.30 Td ( ) Tj ET Q q 0 0 0 rg BT 347.09 233.30 Td (license ) Tj ET Q q 0 0 0 rg BT 376.19 233.30 Td (for ) Tj ET Q q 0 0 0 rg BT 389.18 233.30 Td (Family ) Tj ET Q q 0 0 0 rg BT 418.85 233.30 Td (Channel ) Tj ET Q q 0 0 0 rg BT 453.51 233.30 Td (and ) Tj ET Q q 0 0 0 rg BT 469.28 233.30 Td (Disney ) Tj ET Q q 0 0 0 rg BT 498.95 233.30 Td (Junior ) Tj ET Q q 0 0 0 rg BT 525.28 233.30 Td (\(English-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 221.30 Td (language\) ) Tj ET Q q 0 0 0 rg BT 109.09 221.30 Td (and ) Tj ET Q q 0 0 0 rg BT 125.70 221.30 Td (the ) Tj ET Q q 0 0 0 rg BT 140.08 221.30 Td (Category ) Tj ET Q q 0 0 0 rg BT 178.90 221.30 Td (B ) Tj ET Q q 0 0 0 rg BT 187.74 221.30 Td (license ) Tj ET Q q 0 0 0 rg BT 217.67 221.30 Td (for ) Tj ET Q q 0 0 0 rg BT 231.50 221.30 Td (Disney ) Tj ET Q q 0 0 0 rg BT 261.99 221.30 Td (Junior ) Tj ET Q q 0 0 0 rg BT 289.16 221.30 Td (\(French-language\) ) Tj ET Q q 0 0 0 rg BT 365.18 221.30 Td (were ) Tj ET Q q 0 0 0 rg BT 386.78 221.30 Td (issued ) Tj ET Q q 0 0 0 rg BT 413.94 221.30 Td (for ) Tj ET Q q 0 0 0 rg BT 427.77 221.30 Td (five ) Tj ET Q q 0 0 0 rg BT 445.48 221.30 Td (years ) Tj ET Q q 0 0 0 rg BT 468.75 221.30 Td (and ) Tj ET Q q 0 0 0 rg BT 485.36 221.30 Td (expire ) Tj ET Q q 0 0 0 rg BT 512.51 221.30 Td (in ) Tj ET Q q 0 0 0 rg BT 522.45 221.30 Td (2017. ) Tj ET Q q 0 0 0 rg BT 546.96 221.30 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 209.30 Td (Category ) Tj ET Q q 0 0 0 rg BT 106.58 209.30 Td (B ) Tj ET Q q 0 0 0 rg BT 115.68 209.30 Td (license ) Tj ET Q q 0 0 0 rg BT 145.88 209.30 Td (for ) Tj ET Q q 0 0 0 rg BT 159.97 209.30 Td (Family ) Tj ET Q q 0 0 0 rg BT 190.73 209.30 Td (CHRGD ) Tj ET Q q 0 0 0 rg BT 228.16 209.30 Td (was ) Tj ET Q q 0 0 0 rg BT 246.15 209.30 Td (issued ) Tj ET Q q 0 0 0 rg BT 273.57 209.30 Td (in ) Tj ET Q q 0 0 0 rg BT 283.78 209.30 Td (2009, ) Tj ET Q q 0 0 0 rg BT 308.71 209.30 Td (initially ) Tj ET Q q 0 0 0 rg BT 342.25 209.30 Td (expired ) Tj ET Q q 0 0 0 rg BT 374.66 209.30 Td (in ) Tj ET Q q 0 0 0 rg BT 384.87 209.30 Td (2015 ) Tj ET Q q 0 0 0 rg BT 407.30 209.30 Td (and ) Tj ET Q q 0 0 0 rg BT 424.17 209.30 Td (has ) Tj ET Q q 0 0 0 rg BT 439.93 209.30 Td (been ) Tj ET Q q 0 0 0 rg BT 461.23 209.30 Td (administratively ) Tj ET Q q 0 0 0 rg BT 528.65 209.30 Td (renewed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 197.30 Td (expiring ) Tj ET Q q 0 0 0 rg BT 103.33 197.30 Td (in ) Tj ET Q q 0 0 0 rg BT 113.60 197.30 Td (2017.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 179.30 Td (All ) Tj ET Q q 0 0 0 rg BT 100.00 179.30 Td (lar) Tj ET Q q 0 0 0 rg BT 110.36 179.30 Td (ger) Tj ET Q q 0 0 0 rg BT 122.73 179.30 Td (, ) Tj ET Q q 0 0 0 rg BT 126.95 179.30 Td (licensed ) Tj ET Q q 0 0 0 rg BT 161.44 179.30 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 200.92 179.30 Td (BDUs ) Tj ET Q q 0 0 0 rg BT 227.65 179.30 Td (must ) Tj ET Q q 0 0 0 rg BT 248.81 179.30 Td (carry ) Tj ET Q q 0 0 0 rg BT 271.07 179.30 Td (channels ) Tj ET Q q 0 0 0 rg BT 307.78 179.30 Td (that ) Tj ET Q q 0 0 0 rg BT 324.49 179.30 Td (hold ) Tj ET Q q 0 0 0 rg BT 343.99 179.30 Td (Category ) Tj ET Q q 0 0 0 rg BT 381.99 179.30 Td (A) Tj ET Q q 0 0 0 rg BT 388.66 179.30 Td ( ) Tj ET Q q 0 0 0 rg BT 390.38 179.30 Td (licenses ) Tj ET Q q 0 0 0 rg BT 423.75 179.30 Td (in ) Tj ET Q q 0 0 0 rg BT 433.25 179.30 Td (the ) Tj ET Q q 0 0 0 rg BT 447.19 179.30 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 494.44 179.30 Td (language ) Tj ET Q q 0 0 0 rg BT 532.25 179.30 Td (market. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 167.30 Td (A) Tj ET Q q 0 0 0 rg BT 74.17 167.30 Td ( ) Tj ET Q q 0 0 0 rg BT 77.10 167.30 Td (loss ) Tj ET Q q 0 0 0 rg BT 95.59 167.30 Td (of ) Tj ET Q q 0 0 0 rg BT 106.85 167.30 Td (a ) Tj ET Q q 0 0 0 rg BT 114.22 167.30 Td (Category ) Tj ET Q q 0 0 0 rg BT 153.16 167.30 Td (A) Tj ET Q q 0 0 0 rg BT 159.83 167.30 Td ( ) Tj ET Q q 0 0 0 rg BT 162.77 167.30 Td (license ) Tj ET Q q 0 0 0 rg BT 193.46 167.30 Td (could ) Tj ET Q q 0 0 0 rg BT 218.61 167.30 Td (have ) Tj ET Q q 0 0 0 rg BT 240.42 167.30 Td (a ) Tj ET Q q 0 0 0 rg BT 247.79 167.30 Td (material ) Tj ET Q q 0 0 0 rg BT 283.48 167.30 Td (adverse ) Tj ET Q q 0 0 0 rg BT 316.94 167.30 Td (ef) Tj ET Q q 0 0 0 rg BT 324.53 167.30 Td (fect ) Tj ET Q q 0 0 0 rg BT 342.45 167.30 Td (on ) Tj ET Q q 0 0 0 rg BT 355.38 167.30 Td (the ) Tj ET Q q 0 0 0 rg BT 370.53 167.30 Td (subscriber ) Tj ET Q q 0 0 0 rg BT 414.56 167.30 Td (count ) Tj ET Q q 0 0 0 rg BT 439.71 167.30 Td (and ) Tj ET Q q 0 0 0 rg BT 457.07 167.30 Td (ultimately ) Tj ET Q q 0 0 0 rg BT 500.55 167.30 Td (the ) Tj ET Q q 0 0 0 rg BT 515.70 167.30 Td (revenues ) Tj ET Q q 0 0 0 rg BT 554.17 167.30 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 155.30 Td (DHX ) Tj ET Q q 0 0 0 rg BT 91.67 155.30 Td (attributable ) Tj ET Q q 0 0 0 rg BT 139.70 155.30 Td (to ) Tj ET Q q 0 0 0 rg BT 149.98 155.30 Td (its ) Tj ET Q q 0 0 0 rg BT 161.93 155.30 Td (television ) Tj ET Q q 0 0 0 rg BT 203.31 155.30 Td (broadcasting ) Tj ET Q q 0 0 0 rg BT 256.90 155.30 Td (activities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 137.30 Td (In ) Tj ET Q q 0 0 0 rg BT 98.31 137.30 Td (addition, ) Tj ET Q q 0 0 0 rg BT 138.06 137.30 Td (the ) Tj ET Q q 0 0 0 rg BT 154.76 137.30 Td (CR) Tj ET Q q 0 0 0 rg BT 167.50 137.30 Td (TC ) Tj ET Q q 0 0 0 rg BT 184.76 137.30 Td (licenses ) Tj ET Q q 0 0 0 rg BT 220.89 137.30 Td (carry ) Tj ET Q q 0 0 0 rg BT 245.91 137.30 Td (a ) Tj ET Q q 0 0 0 rg BT 254.83 137.30 Td (number ) Tj ET Q q 0 0 0 rg BT 289.86 137.30 Td (of ) Tj ET Q q 0 0 0 rg BT 302.67 137.30 Td (mandated ) Tj ET Q q 0 0 0 rg BT 346.02 137.30 Td (requirements, ) Tj ET Q q 0 0 0 rg BT 405.20 137.30 Td (including ) Tj ET Q q 0 0 0 rg BT 447.45 137.30 Td (minimum ) Tj ET Q q 0 0 0 rg BT 490.82 137.30 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 533.07 137.30 Td (content ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 125.30 Td (expenditures, ) Tj ET Q q 0 0 0 rg BT 126.34 125.30 Td (minimum ) Tj ET Q q 0 0 0 rg BT 170.47 125.30 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 213.48 125.30 Td (content ) Tj ET Q q 0 0 0 rg BT 248.16 125.30 Td (airtime, ) Tj ET Q q 0 0 0 rg BT 284.23 125.30 Td (and ) Tj ET Q q 0 0 0 rg BT 303.91 125.30 Td (maximum ) Tj ET Q q 0 0 0 rg BT 349.71 125.30 Td (airtime ) Tj ET Q q 0 0 0 rg BT 383.27 125.30 Td (devoted ) Tj ET Q q 0 0 0 rg BT 420.17 125.30 Td (to ) Tj ET Q q 0 0 0 rg BT 433.19 125.30 Td (certain ) Tj ET Q q 0 0 0 rg BT 465.64 125.30 Td (suppliers, ) Tj ET Q q 0 0 0 rg BT 509.49 125.30 Td (among ) Tj ET Q q 0 0 0 rg BT 541.95 125.30 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 113.30 Td (requirements. ) Tj ET Q q 0 0 0 rg BT 124.69 113.30 Td (Changes ) Tj ET Q q 0 0 0 rg BT 161.62 113.30 Td (to ) Tj ET Q q 0 0 0 rg BT 171.89 113.30 Td (these ) Tj ET Q q 0 0 0 rg BT 194.93 113.30 Td (terms, ) Tj ET Q q 0 0 0 rg BT 222.13 113.30 Td (particularly ) Tj ET Q q 0 0 0 rg BT 270.71 113.30 Td (with ) Tj ET Q q 0 0 0 rg BT 290.98 113.30 Td (respect ) Tj ET Q q 0 0 0 rg BT 321.79 113.30 Td (to ) Tj ET Q q 0 0 0 rg BT 332.06 113.30 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 372.31 113.30 Td (programming ) Tj ET Q q 0 0 0 rg BT 429.23 113.30 Td (exhibition ) Tj ET Q q 0 0 0 rg BT 472.28 113.30 Td (and ) Tj ET Q q 0 0 0 rg BT 489.20 113.30 Td (expenditures, ) Tj ET Q q 0 0 0 rg BT 545.29 113.30 Td (may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 101.30 Td (result ) Tj ET Q q 0 0 0 rg BT 92.84 101.30 Td (in ) Tj ET Q q 0 0 0 rg BT 103.74 101.30 Td (material ) Tj ET Q q 0 0 0 rg BT 139.62 101.30 Td (changes ) Tj ET Q q 0 0 0 rg BT 174.95 101.30 Td (to ) Tj ET Q q 0 0 0 rg BT 185.85 101.30 Td (the ) Tj ET Q q 0 0 0 rg BT 201.19 101.30 Td (content ) Tj ET Q q 0 0 0 rg BT 233.74 101.30 Td (cost ) Tj ET Q q 0 0 0 rg BT 252.97 101.30 Td (structure ) Tj ET Q q 0 0 0 rg BT 291.08 101.30 Td (of ) Tj ET Q q 0 0 0 rg BT 302.53 101.30 Td (the ) Tj ET Q q 0 0 0 rg BT 317.87 101.30 Td (DHX ) Tj ET Q q 0 0 0 rg BT 342.43 101.30 Td (T) Tj ET Q q 0 0 0 rg BT 347.84 101.30 Td (elevision ) Tj ET Q q 0 0 0 rg BT 387.06 101.30 Td (business. ) Tj ET Q q 0 0 0 rg BT 426.58 101.30 Td (Moreover) Tj ET Q q 0 0 0 rg BT 465.61 101.30 Td (, ) Tj ET Q q 0 0 0 rg BT 471.23 101.30 Td (in ) Tj ET Q q 0 0 0 rg BT 482.13 101.30 Td (past ) Tj ET Q q 0 0 0 rg BT 501.36 101.30 Td (years, ) Tj ET Q q 0 0 0 rg BT 528.08 101.30 Td (previous ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 89.30 Td (owners ) Tj ET Q q 0 0 0 rg BT 99.50 89.30 Td (of ) Tj ET Q q 0 0 0 rg BT 110.94 89.30 Td (the ) Tj ET Q q 0 0 0 rg BT 126.27 89.30 Td (DHX ) Tj ET Q q 0 0 0 rg BT 150.83 89.30 Td (T) Tj ET Q q 0 0 0 rg BT 156.24 89.30 Td (elevision ) Tj ET Q q 0 0 0 rg BT 195.45 89.30 Td (business ) Tj ET Q q 0 0 0 rg BT 232.46 89.30 Td (were ) Tj ET Q q 0 0 0 rg BT 255.00 89.30 Td (able ) Tj ET Q q 0 0 0 rg BT 274.77 89.30 Td (to ) Tj ET Q q 0 0 0 rg BT 285.66 89.30 Td (allocate ) Tj ET Q q 0 0 0 rg BT 319.87 89.30 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 360.75 89.30 Td (content ) Tj ET Q q 0 0 0 rg BT 393.29 89.30 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 447.50 89.30 Td (across ) Tj ET Q q 0 0 0 rg BT 475.61 89.30 Td (a ) Tj ET Q q 0 0 0 rg BT 483.16 89.30 Td (number ) Tj ET Q q 0 0 0 rg BT 516.82 89.30 Td (of ) Tj ET Q q 0 0 0 rg BT 528.26 89.30 Td (dif) Tj ET Q q 0 0 0 rg BT 539.19 89.30 Td (ferent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 77.30 Td (services ) Tj ET Q q 0 0 0 rg BT 101.79 77.30 Td (by ) Tj ET Q q 0 0 0 rg BT 113.88 77.30 Td (sharing ) Tj ET Q q 0 0 0 rg BT 145.40 77.30 Td (these ) Tj ET Q q 0 0 0 rg BT 168.03 77.30 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 221.21 77.30 Td (with ) Tj ET Q q 0 0 0 rg BT 241.07 77.30 Td (its ) Tj ET Q q 0 0 0 rg BT 252.61 77.30 Td (other ) Tj ET Q q 0 0 0 rg BT 275.24 77.30 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 315.64 77.30 Td (assets ) Tj ET Q q 0 0 0 rg BT 341.05 77.30 Td (in ) Tj ET Q q 0 0 0 rg BT 350.92 77.30 Td (its ) Tj ET Q q 0 0 0 rg BT 362.45 77.30 Td (CR) Tj ET Q q 0 0 0 rg BT 375.19 77.30 Td (TC-recognized ) Tj ET Q q 0 0 0 rg BT 437.25 77.30 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 477.65 77.30 Td (group. ) Tj ET Q q 0 0 0 rg BT 505.56 77.30 Td (DHX ) Tj ET Q q 0 0 0 rg BT 529.31 77.30 Td (does ) Tj ET Q q 0 0 0 rg BT 549.73 77.30 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 65.30 Td (own ) Tj ET Q q 0 0 0 rg BT 89.83 65.30 Td (additional ) Tj ET Q q 0 0 0 rg BT 134.92 65.30 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 178.34 65.30 Td (assets ) Tj ET Q q 0 0 0 rg BT 206.78 65.30 Td (with ) Tj ET Q q 0 0 0 rg BT 229.66 65.30 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 272.53 65.30 Td (expenditure ) Tj ET Q q 0 0 0 rg BT 324.83 65.30 Td (obligations ) Tj ET Q q 0 0 0 rg BT 374.38 65.30 Td (and, ) Tj ET Q q 0 0 0 rg BT 396.42 65.30 Td (therefore, ) Tj ET Q q 0 0 0 rg BT 440.11 65.30 Td (cannot ) Tj ET Q q 0 0 0 rg BT 471.87 65.30 Td (allocate ) Tj ET Q q 0 0 0 rg BT 508.07 65.30 Td (programming ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 53.30 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 121.09 53.30 Td (on ) Tj ET Q q 0 0 0 rg BT 133.59 53.30 Td (this ) Tj ET Q q 0 0 0 rg BT 150.54 53.30 Td (basis.) Tj ET Q endstream endobj 69 0 obj <> endobj 70 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6 0.6 0.6 rg BT 301.00 31.60 Td (34) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 67.50 742.25 Td (Concentration ) Tj ET Q q 0 0 0 rg BT 129.46 742.25 Td (of ) Tj ET Q q 0 0 0 rg BT 140.29 742.25 Td (Customers) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 724.25 Td (The ) Tj ET Q q 0 0 0 rg BT 102.53 724.25 Td (DHX ) Tj ET Q q 0 0 0 rg BT 125.57 724.25 Td (T) Tj ET Q q 0 0 0 rg BT 130.98 724.25 Td (elevision ) Tj ET Q q 0 0 0 rg BT 168.56 724.25 Td (business ) Tj ET Q q 0 0 0 rg BT 203.94 724.25 Td (is ) Tj ET Q q 0 0 0 rg BT 212.09 724.25 Td (dependent ) Tj ET Q q 0 0 0 rg BT 254.67 724.25 Td (on ) Tj ET Q q 0 0 0 rg BT 266.15 724.25 Td (BDU, ) Tj ET Q q 0 0 0 rg BT 291.24 724.25 Td (including ) Tj ET Q q 0 0 0 rg BT 330.50 724.25 Td (cable, ) Tj ET Q q 0 0 0 rg BT 355.57 724.25 Td (DTH, ) Tj ET Q q 0 0 0 rg BT 380.11 724.25 Td (IPTV) Tj ET Q q 0 0 0 rg BT 402.15 724.25 Td ( ) Tj ET Q q 0 0 0 rg BT 403.63 724.25 Td (and ) Tj ET Q q 0 0 0 rg BT 419.55 724.25 Td (multichannel ) Tj ET Q q 0 0 0 rg BT 473.24 724.25 Td (multipoint ) Tj ET Q q 0 0 0 rg BT 516.39 724.25 Td (distribution ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 712.25 Td (systems, ) Tj ET Q q 0 0 0 rg BT 104.87 712.25 Td (for ) Tj ET Q q 0 0 0 rg BT 119.73 712.25 Td (distribution ) Tj ET Q q 0 0 0 rg BT 169.05 712.25 Td (of ) Tj ET Q q 0 0 0 rg BT 180.58 712.25 Td (its ) Tj ET Q q 0 0 0 rg BT 193.23 712.25 Td (television ) Tj ET Q q 0 0 0 rg BT 235.32 712.25 Td (services. ) Tj ET Q q 0 0 0 rg BT 272.99 712.25 Td (There ) Tj ET Q q 0 0 0 rg BT 299.51 712.25 Td (could ) Tj ET Q q 0 0 0 rg BT 324.93 712.25 Td (be ) Tj ET Q q 0 0 0 rg BT 337.57 712.25 Td (a ) Tj ET Q q 0 0 0 rg BT 345.21 712.25 Td (negative ) Tj ET Q q 0 0 0 rg BT 382.29 712.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 412.70 712.25 Td (on ) Tj ET Q q 0 0 0 rg BT 425.90 712.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 464.64 712.25 Td (if ) Tj ET Q q 0 0 0 rg BT 473.95 712.25 Td (distribution ) Tj ET Q q 0 0 0 rg BT 523.27 712.25 Td (af) Tj ET Q q 0 0 0 rg BT 530.86 712.25 Td (filiation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 700.25 Td (agreements ) Tj ET Q q 0 0 0 rg BT 115.36 700.25 Td (with ) Tj ET Q q 0 0 0 rg BT 135.47 700.25 Td (BDUs ) Tj ET Q q 0 0 0 rg BT 162.81 700.25 Td (were ) Tj ET Q q 0 0 0 rg BT 184.57 700.25 Td (not ) Tj ET Q q 0 0 0 rg BT 199.68 700.25 Td (renewed ) Tj ET Q q 0 0 0 rg BT 235.88 700.25 Td (on ) Tj ET Q q 0 0 0 rg BT 248.21 700.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 272.76 700.25 Td (and ) Tj ET Q q 0 0 0 rg BT 289.53 700.25 Td (conditions ) Tj ET Q q 0 0 0 rg BT 333.53 700.25 Td (similar ) Tj ET Q q 0 0 0 rg BT 363.63 700.25 Td (to ) Tj ET Q q 0 0 0 rg BT 373.74 700.25 Td (those ) Tj ET Q q 0 0 0 rg BT 397.18 700.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 435.61 700.25 Td (in ) Tj ET Q q 0 0 0 rg BT 445.72 700.25 Td (ef) Tj ET Q q 0 0 0 rg BT 453.30 700.25 Td (fect. ) Tj ET Q q 0 0 0 rg BT 472.61 700.25 Td (Af) Tj ET Q q 0 0 0 rg BT 482.98 700.25 Td (filiation ) Tj ET Q q 0 0 0 rg BT 516.97 700.25 Td (agreements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 688.25 Td (with ) Tj ET Q q 0 0 0 rg BT 87.78 688.25 Td (BDUs ) Tj ET Q q 0 0 0 rg BT 115.28 688.25 Td (have ) Tj ET Q q 0 0 0 rg BT 136.66 688.25 Td (multi-year ) Tj ET Q q 0 0 0 rg BT 180.81 688.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 205.53 688.25 Td (that ) Tj ET Q q 0 0 0 rg BT 223.02 688.25 Td (expire ) Tj ET Q q 0 0 0 rg BT 250.51 688.25 Td (at ) Tj ET Q q 0 0 0 rg BT 260.22 688.25 Td (various ) Tj ET Q q 0 0 0 rg BT 292.16 688.25 Td (points ) Tj ET Q q 0 0 0 rg BT 319.11 688.25 Td (in ) Tj ET Q q 0 0 0 rg BT 329.39 688.25 Td (time.) 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Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 67.50 628.25 Td (Concentration ) Tj ET Q q 0 0 0 rg BT 129.46 628.25 Td (of ) Tj ET Q q 0 0 0 rg BT 140.29 628.25 Td (Suppliers) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 610.25 Td (The ) Tj ET Q q 0 0 0 rg BT 103.79 610.25 Td (majority ) Tj ET Q q 0 0 0 rg BT 140.41 610.25 Td (of ) Tj ET Q q 0 0 0 rg BT 151.47 610.25 Td (DHX ) Tj ET Q q 0 0 0 rg BT 175.68 610.25 Td (T) Tj ET Q q 0 0 0 rg BT 181.09 610.25 Td (elevision's ) Tj ET Q q 0 0 0 rg BT 225.62 610.25 Td (non-Canadian ) Tj ET Q q 0 0 0 rg BT 284.46 610.25 Td (content ) Tj ET Q q 0 0 0 rg BT 316.63 610.25 Td (was ) Tj ET Q q 0 0 0 rg BT 334.92 610.25 Td (previously ) Tj ET Q q 0 0 0 rg BT 379.87 610.25 Td (supplied ) Tj ET Q q 0 0 0 rg BT 416.50 610.25 Td (by ) Tj ET Q q 0 0 0 rg BT 429.24 610.25 Td (Disney) Tj ET Q q 0 0 0 rg BT 456.92 610.25 Td (. ) Tj ET Q q 0 0 0 rg BT 462.16 610.25 Td (On ) Tj ET Q q 0 0 0 rg BT 476.51 610.25 Td (April ) Tj ET Q q 0 0 0 rg BT 500.36 610.25 Td (15, ) Tj ET Q q 0 0 0 rg BT 515.60 610.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 540.83 610.25 Td (DHX ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 598.25 Td (Media ) Tj ET Q q 0 0 0 rg BT 95.21 598.25 Td (announced ) Tj ET Q q 0 0 0 rg BT 140.68 598.25 Td (that ) Tj ET Q q 0 0 0 rg BT 157.83 598.25 Td (its ) Tj ET Q q 0 0 0 rg BT 169.44 598.25 Td (current ) Tj ET Q q 0 0 0 rg BT 199.91 598.25 Td (output ) Tj ET Q q 0 0 0 rg BT 227.63 598.25 Td (agreement ) Tj ET Q q 0 0 0 rg BT 271.43 598.25 Td (with ) Tj ET Q q 0 0 0 rg BT 291.36 598.25 Td (Disney ) Tj ET Q q 0 0 0 rg BT 321.85 598.25 Td (would ) Tj ET Q q 0 0 0 rg BT 349.01 598.25 Td (not ) Tj ET Q q 0 0 0 rg BT 363.95 598.25 Td (be ) Tj ET Q q 0 0 0 rg BT 375.54 598.25 Td (renewed. ) Tj ET Q q 0 0 0 rg BT 413.91 598.25 Td (The ) Tj ET Q q 0 0 0 rg BT 431.62 598.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 472.66 598.25 Td (continued ) Tj ET Q q 0 0 0 rg BT 514.25 598.25 Td (to ) Tj ET Q q 0 0 0 rg BT 524.19 598.25 Td (broadcast ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 586.25 Td (Disney ) Tj ET Q q 0 0 0 rg BT 98.28 586.25 Td (content ) Tj ET Q q 0 0 0 rg BT 130.16 586.25 Td (until ) Tj ET Q q 0 0 0 rg BT 150.95 586.25 Td (December ) Tj ET Q q 0 0 0 rg BT 194.48 586.25 Td (of ) Tj ET Q q 0 0 0 rg BT 205.26 586.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 227.71 586.25 Td (as ) Tj ET Q q 0 0 0 rg BT 238.49 586.25 Td (part ) Tj ET Q q 0 0 0 rg BT 256.49 586.25 Td (of ) Tj ET Q q 0 0 0 rg BT 267.27 586.25 Td (a ) Tj ET Q q 0 0 0 rg BT 274.16 586.25 Td (transitional ) Tj ET Q q 0 0 0 rg BT 321.60 586.25 Td (arrangement, ) Tj ET Q q 0 0 0 rg BT 376.52 586.25 Td (commencing ) Tj ET Q q 0 0 0 rg BT 430.62 586.25 Td (with ) Tj ET Q q 0 0 0 rg BT 450.85 586.25 Td (a ) Tj ET Q q 0 0 0 rg BT 457.74 586.25 Td (new ) Tj ET Q q 0 0 0 rg BT 476.85 586.25 Td (and ) Tj ET Q q 0 0 0 rg BT 493.74 586.25 Td (original ) Tj ET Q q 0 0 0 rg BT 527.29 586.25 Td (lineup ) Tj ET Q q 0 0 0 rg BT 554.74 586.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 574.25 Td (January ) Tj ET Q q 0 0 0 rg BT 101.61 574.25 Td (2016. ) Tj ET Q q 0 0 0 rg BT 126.90 574.25 Td (There ) Tj ET Q q 0 0 0 rg BT 153.23 574.25 Td (is ) Tj ET Q q 0 0 0 rg BT 162.91 574.25 Td (no ) Tj ET Q q 0 0 0 rg BT 175.92 574.25 Td (assurance ) Tj ET Q q 0 0 0 rg BT 217.79 574.25 Td (that ) Tj ET Q q 0 0 0 rg BT 235.80 574.25 Td (the ) Tj ET Q q 0 0 0 rg BT 251.03 574.25 Td (DHX ) Tj ET Q q 0 0 0 rg BT 275.70 574.25 Td (content ) Tj ET Q q 0 0 0 rg BT 308.15 574.25 Td (and ) Tj ET Q q 0 0 0 rg BT 325.60 574.25 Td (content ) Tj ET Q q 0 0 0 rg BT 358.04 574.25 Td (commissioned ) Tj ET Q q 0 0 0 rg BT 418.82 574.25 Td (from ) Tj ET Q q 0 0 0 rg BT 441.27 574.25 Td (other ) Tj ET Q q 0 0 0 rg BT 464.83 574.25 Td (studios ) Tj ET Q q 0 0 0 rg BT 496.18 574.25 Td (and ) Tj ET Q q 0 0 0 rg BT 513.63 574.25 Td (independent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 562.25 Td (third ) Tj ET Q q 0 0 0 rg BT 90.23 562.25 Td (party ) Tj ET Q q 0 0 0 rg BT 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BT 220.83 550.25 Td (distributed ) Tj ET Q q 0 0 0 rg BT 266.10 550.25 Td (in ) Tj ET Q q 0 0 0 rg BT 276.38 550.25 Td (competition ) Tj ET Q q 0 0 0 rg BT 326.65 550.25 Td (with ) Tj ET Q q 0 0 0 rg BT 346.92 550.25 Td (DHX) Tj ET Q q 0 0 0 rg BT 371.37 550.25 Td (s ) Tj ET Q q 0 0 0 rg BT 377.76 550.25 Td (content ) Tj ET Q q 0 0 0 rg BT 409.69 550.25 Td (and ) Tj ET Q q 0 0 0 rg BT 426.63 550.25 Td (programming. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 67.50 532.25 Td (Regulated ) Tj ET Q q 0 0 0 rg BT 111.67 532.25 Td (Environment ) Tj ET Q q 0 0 0 rg BT 168.62 532.25 Td (and ) Tj ET Q q 0 0 0 rg BT 186.68 532.25 Td (Rights ) Tj ET Q q 0 0 0 rg BT 215.86 532.25 Td (of ) Tj ET Q q 0 0 0 rg BT 226.69 532.25 Td (Shareholders) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 514.25 Td (DHX) Tj ET Q q 0 0 0 rg BT 109.94 514.25 Td (s ) Tj ET Q q 0 0 0 rg BT 116.24 514.25 Td (television ) Tj ET Q q 0 0 0 rg BT 157.53 514.25 Td (broadcasting ) Tj ET Q q 0 0 0 rg BT 211.03 514.25 Td 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(and ) Tj ET Q q 0 0 0 rg BT 353.71 478.25 Td (renders ) Tj ET Q q 0 0 0 rg BT 385.46 478.25 Td (decisions ) Tj ET Q q 0 0 0 rg BT 424.99 478.25 Td (thereunder) Tj ET Q q 0 0 0 rg BT 467.35 478.25 Td (, ) Tj ET Q q 0 0 0 rg BT 472.16 478.25 Td (which ) Tj ET Q q 0 0 0 rg BT 498.92 478.25 Td (can ) Tj ET Q q 0 0 0 rg BT 515.11 478.25 Td (be ) Tj ET Q q 0 0 0 rg BT 526.87 478.25 Td (found ) Tj ET Q q 0 0 0 rg BT 552.51 478.25 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 466.25 Td (the ) Tj ET Q q 0 0 0 rg BT 82.35 466.25 Td (CR) Tj ET Q q 0 0 0 rg BT 95.09 466.25 Td (TC's ) Tj ET Q q 0 0 0 rg BT 116.20 466.25 Td (web ) Tj ET Q q 0 0 0 rg BT 135.50 466.25 Td (site ) Tj ET Q q 0 0 0 rg BT 152.02 466.25 Td (at ) Tj ET Q q 0 0 0 rg BT 161.87 466.25 Td (www) Tj ET Q q 0 0 0 rg BT 182.89 466.25 Td (.crtc.gc.ca. ) Tj ET Q q 0 0 0 rg BT 228.82 466.25 Td (Certain ) Tj ET Q q 0 0 0 rg BT 260.89 466.25 Td (decisions ) Tj ET Q q 0 0 0 rg BT 300.74 466.25 Td (of ) Tj ET Q q 0 0 0 rg BT 311.71 466.25 Td (the ) Tj ET Q q 0 0 0 rg BT 326.56 466.25 Td (CR) Tj ET Q q 0 0 0 rg BT 339.30 466.25 Td (TC ) Tj ET Q q 0 0 0 rg BT 354.72 466.25 Td (can ) Tj ET Q q 0 0 0 rg BT 371.23 466.25 Td (also ) Tj ET Q q 0 0 0 rg BT 389.97 466.25 Td (be ) Tj ET Q q 0 0 0 rg BT 402.05 466.25 Td (varied, ) Tj ET Q q 0 0 0 rg BT 432.17 466.25 Td (rescinded ) Tj ET Q q 0 0 0 rg BT 473.12 466.25 Td (or ) Tj ET Q q 0 0 0 rg BT 484.08 466.25 Td (referred ) Tj ET Q q 0 0 0 rg BT 518.36 466.25 Td (back ) Tj ET Q q 0 0 0 rg BT 539.87 466.25 Td (to ) Tj ET Q q 0 0 0 rg BT 550.28 466.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 454.25 Td (CR) Tj ET Q q 0 0 0 rg BT 80.24 454.25 Td (TC ) Tj ET Q q 0 0 0 rg BT 95.42 454.25 Td (by ) Tj ET Q q 0 0 0 rg BT 107.83 454.25 Td (Canada's ) Tj ET Q q 0 0 0 rg BT 145.92 454.25 Td (Governor) Tj ET Q q 0 0 0 rg BT 184.04 454.25 Td (-in-Council ) Tj ET Q q 0 0 0 rg BT 232.55 454.25 Td (either ) Tj ET Q q 0 0 0 rg BT 257.72 454.25 Td (of ) Tj ET Q q 0 0 0 rg BT 268.46 454.25 Td (its ) Tj ET Q q 0 0 0 rg BT 280.31 454.25 Td (own ) Tj ET Q q 0 0 0 rg BT 299.94 454.25 Td (volition ) Tj ET Q q 0 0 0 rg BT 333.46 454.25 Td (or ) Tj ET Q q 0 0 0 rg BT 344.20 454.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 366.61 454.25 Td (petition ) Tj ET Q q 0 0 0 rg BT 399.57 454.25 Td (in ) Tj ET Q q 0 0 0 rg BT 409.75 454.25 Td (writing ) Tj ET Q q 0 0 0 rg BT 441.04 454.25 Td (by ) Tj ET Q q 0 0 0 rg BT 453.45 454.25 Td (third ) Tj ET Q q 0 0 0 rg BT 474.75 454.25 Td (parties ) Tj ET Q q 0 0 0 rg BT 503.81 454.25 Td (filed ) Tj ET Q q 0 0 0 rg BT 524.54 454.25 Td (within ) Tj ET Q q 0 0 0 rg BT 552.50 454.25 Td (90 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 442.25 Td (days ) Tj ET Q q 0 0 0 rg BT 88.59 442.25 Td (of ) Tj ET Q q 0 0 0 rg BT 99.68 442.25 Td (a ) Tj ET Q q 0 0 0 rg BT 106.87 442.25 Td (CR) Tj ET Q q 0 0 0 rg BT 119.61 442.25 Td (TC ) Tj ET Q q 0 0 0 rg BT 135.15 442.25 Td (decision. ) Tj ET Q q 0 0 0 rg BT 173.53 442.25 Td (The ) Tj ET Q q 0 0 0 rg BT 191.84 442.25 Td (Government ) Tj ET Q q 0 0 0 rg BT 244.58 442.25 Td (of ) Tj ET Q q 0 0 0 rg BT 255.67 442.25 Td (Canada ) Tj ET Q q 0 0 0 rg BT 288.41 442.25 Td (also ) Tj ET Q q 0 0 0 rg BT 307.28 442.25 Td (has ) Tj ET Q q 0 0 0 rg BT 323.36 442.25 Td (the ) Tj ET Q q 0 0 0 rg BT 338.34 442.25 Td (power ) Tj ET Q q 0 0 0 rg BT 366.09 442.25 Td (under ) Tj ET Q q 0 0 0 rg BT 391.61 442.25 Td (the ) Tj ET Q q 0 0 0 rg BT 406.59 442.25 Td (Broadcasting ) Tj ET Q q 0 0 0 rg BT 461.50 442.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 478.70 442.25 Td (to ) Tj ET Q q 0 0 0 rg BT 489.23 442.25 Td (issue ) Tj ET Q q 0 0 0 rg BT 511.99 442.25 Td (directions ) Tj ET Q q 0 0 0 rg BT 554.18 442.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 430.25 Td (general ) Tj ET Q q 0 0 0 rg BT 99.99 430.25 Td (application ) Tj ET Q q 0 0 0 rg BT 147.48 430.25 Td (on ) Tj ET Q q 0 0 0 rg BT 160.54 430.25 Td (broad ) Tj ET Q q 0 0 0 rg BT 186.38 430.25 Td (policy ) Tj ET Q q 0 0 0 rg BT 214.44 430.25 Td (matters ) Tj ET Q q 0 0 0 rg BT 246.93 430.25 Td (with ) Tj ET Q q 0 0 0 rg BT 267.78 430.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 299.16 430.25 Td (to ) Tj ET Q q 0 0 0 rg BT 310.00 430.25 Td (the ) Tj ET Q q 0 0 0 rg BT 325.28 430.25 Td (objectives ) Tj ET Q q 0 0 0 rg BT 368.88 430.25 Td (of ) Tj ET Q q 0 0 0 rg BT 380.28 430.25 Td (the ) Tj ET Q q 0 0 0 rg BT 395.56 430.25 Td (broadcasting ) Tj ET Q q 0 0 0 rg BT 449.72 430.25 Td (and ) Tj ET Q q 0 0 0 rg BT 467.22 430.25 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 511.38 430.25 Td (policy ) Tj ET Q q 0 0 0 rg BT 539.44 430.25 Td (in ) Tj ET Q q 0 0 0 rg BT 550.28 430.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 418.25 Td (Broadcasting ) Tj ET Q q 0 0 0 rg BT 122.24 418.25 Td (Act, ) Tj ET Q q 0 0 0 rg BT 141.71 418.25 Td (and ) Tj ET Q q 0 0 0 rg BT 158.68 418.25 Td (to ) Tj ET Q q 0 0 0 rg BT 168.99 418.25 Td (issue ) Tj ET Q q 0 0 0 rg BT 191.52 418.25 Td (directions ) Tj ET Q q 0 0 0 rg BT 233.48 418.25 Td (to ) Tj ET Q q 0 0 0 rg BT 243.79 418.25 Td (the ) Tj ET Q q 0 0 0 rg BT 258.54 418.25 Td (CR) Tj ET Q q 0 0 0 rg BT 271.28 418.25 Td (TC ) Tj ET Q q 0 0 0 rg BT 286.59 418.25 Td (requiring ) Tj ET Q q 0 0 0 rg BT 325.78 418.25 Td (it ) Tj ET Q q 0 0 0 rg BT 333.87 418.25 Td (to ) Tj ET Q q 0 0 0 rg BT 344.18 418.25 Td (report ) Tj ET Q q 0 0 0 rg BT 370.59 418.25 Td (on ) Tj ET Q q 0 0 0 rg BT 383.12 418.25 Td (matters ) Tj ET Q q 0 0 0 rg BT 415.08 418.25 Td (within ) Tj ET Q q 0 0 0 rg BT 443.17 418.25 Td (the ) Tj ET Q q 0 0 0 rg BT 457.92 418.25 Td (CR) Tj ET Q q 0 0 0 rg BT 470.66 418.25 Td (TC's ) Tj ET Q q 0 0 0 rg BT 491.66 418.25 Td (jurisdiction ) Tj ET Q q 0 0 0 rg BT 539.75 418.25 Td (under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 406.25 Td (the ) Tj ET Q q 0 0 0 rg BT 83.20 406.25 Td (Broadcasting ) Tj ET Q q 0 0 0 rg BT 138.68 406.25 Td (Act. ) Tj ET Q q 0 0 0 rg BT 159.11 406.25 Td (Legislative ) Tj ET Q q 0 0 0 rg BT 207.02 406.25 Td (changes, ) Tj ET Q q 0 0 0 rg BT 245.21 406.25 Td (a ) Tj ET Q q 0 0 0 rg BT 253.14 406.25 Td (direction ) Tj ET Q q 0 0 0 rg BT 292.16 406.25 Td (by ) Tj ET Q q 0 0 0 rg BT 305.65 406.25 Td (the ) Tj ET Q q 0 0 0 rg BT 321.35 406.25 Td (Governor ) Tj ET Q q 0 0 0 rg BT 363.16 406.25 Td (in ) Tj ET Q q 0 0 0 rg BT 374.42 406.25 Td (Council ) Tj ET Q q 0 0 0 rg BT 409.57 406.25 Td (to ) Tj ET Q q 0 0 0 rg BT 420.83 406.25 Td (the ) Tj ET Q q 0 0 0 rg BT 436.54 406.25 Td (CR) Tj ET Q q 0 0 0 rg BT 449.28 406.25 Td (TC, ) Tj ET Q q 0 0 0 rg BT 468.04 406.25 Td (or ) Tj ET Q q 0 0 0 rg BT 479.85 406.25 Td (the ) Tj ET Q q 0 0 0 rg BT 495.56 406.25 Td (adoption ) Tj ET Q q 0 0 0 rg BT 534.04 406.25 Td (of ) Tj ET Q q 0 0 0 rg BT 545.85 406.25 Td (new ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 394.25 Td (regulations ) Tj ET Q q 0 0 0 rg BT 114.64 394.25 Td (or ) Tj ET Q q 0 0 0 rg BT 125.68 394.25 Td (policies ) Tj ET Q q 0 0 0 rg BT 159.50 394.25 Td (or ) Tj ET Q q 0 0 0 rg BT 170.54 394.25 Td (any ) Tj ET Q q 0 0 0 rg BT 187.69 394.25 Td (decision ) Tj ET Q q 0 0 0 rg BT 223.72 394.25 Td (by ) Tj ET Q q 0 0 0 rg BT 236.43 394.25 Td (the ) Tj ET Q q 0 0 0 rg BT 251.36 394.25 Td (CR) Tj ET Q q 0 0 0 rg BT 264.10 394.25 Td (TC, ) Tj ET Q q 0 0 0 rg BT 282.08 394.25 Td (could ) Tj ET Q q 0 0 0 rg BT 307.01 394.25 Td (have ) Tj ET Q q 0 0 0 rg BT 328.60 394.25 Td (a ) Tj ET Q q 0 0 0 rg BT 335.75 394.25 Td (material ) Tj ET Q q 0 0 0 rg BT 371.22 394.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 404.46 394.25 Td (ef) Tj ET Q q 0 0 0 rg BT 412.05 394.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 429.75 394.25 Td (on ) Tj ET Q q 0 0 0 rg BT 442.46 394.25 Td (the ) Tj ET Q q 0 0 0 rg BT 457.38 394.25 Td (DHX) Tj ET Q q 0 0 0 rg BT 481.83 394.25 Td (s ) Tj ET Q q 0 0 0 rg BT 488.43 394.25 Td (business, ) Tj ET Q q 0 0 0 rg BT 527.53 394.25 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 382.25 Td (condition ) Tj ET Q q 0 0 0 rg BT 107.77 382.25 Td (or ) Tj ET Q q 0 0 0 rg BT 118.60 382.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 158.87 382.25 Td (results.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 364.25 Td (The ) Tj ET Q q 0 0 0 rg BT 103.82 364.25 Td (CR) Tj ET Q q 0 0 0 rg BT 116.56 364.25 Td (TC ) Tj ET Q q 0 0 0 rg BT 132.11 364.25 Td (requires ) Tj ET Q q 0 0 0 rg BT 167.10 364.25 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 207.63 364.25 Td (television ) Tj ET Q q 0 0 0 rg BT 249.29 364.25 Td (programming ) Tj ET Q q 0 0 0 rg BT 306.50 364.25 Td (services ) Tj ET Q q 0 0 0 rg BT 341.48 364.25 Td (to ) Tj ET Q q 0 0 0 rg BT 352.04 364.25 Td (draw ) Tj ET Q q 0 0 0 rg BT 374.80 364.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 404.78 364.25 Td (proportions ) Tj ET Q q 0 0 0 rg BT 453.66 364.25 Td (of ) Tj ET Q q 0 0 0 rg BT 464.77 364.25 Td (their ) Tj ET Q q 0 0 0 rg BT 485.87 364.25 Td (programming ) Tj ET Q q 0 0 0 rg BT 543.07 364.25 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 352.25 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 107.60 352.25 Td (content ) Tj ET Q q 0 0 0 rg BT 139.38 352.25 Td (and, ) Tj ET Q q 0 0 0 rg BT 158.66 352.25 Td (in ) Tj ET Q q 0 0 0 rg BT 168.78 352.25 Td (many ) Tj ET Q q 0 0 0 rg BT 193.33 352.25 Td (cases, ) Tj ET Q q 0 0 0 rg BT 219.27 352.25 Td (to ) Tj ET Q q 0 0 0 rg BT 229.39 352.25 Td (spend ) Tj ET Q q 0 0 0 rg BT 255.06 352.25 Td (a ) Tj ET Q q 0 0 0 rg BT 261.84 352.25 Td (portion ) Tj ET Q q 0 0 0 rg BT 293.07 352.25 Td (of ) Tj ET Q q 0 0 0 rg BT 303.74 352.25 Td (their ) Tj ET Q q 0 0 0 rg BT 324.40 352.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 362.28 352.25 Td (on ) Tj ET Q q 0 0 0 rg BT 374.62 352.25 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 414.72 352.25 Td (programming. ) Tj ET Q q 0 0 0 rg BT 474.00 352.25 Td (Often, ) Tj ET Q q 0 0 0 rg BT 501.61 352.25 Td (a ) Tj ET Q q 0 0 0 rg BT 508.39 352.25 Td (portion ) Tj ET Q q 0 0 0 rg BT 539.61 352.25 Td (of ) Tj ET Q q 0 0 0 rg BT 550.28 352.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 340.25 Td (production ) Tj ET Q q 0 0 0 rg BT 113.04 340.25 Td (budgets ) Tj ET Q q 0 0 0 rg BT 146.36 340.25 Td (of ) Tj ET Q q 0 0 0 rg BT 156.91 340.25 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 196.88 340.25 Td (programs ) Tj ET Q q 0 0 0 rg BT 236.87 340.25 Td (is ) Tj ET Q q 0 0 0 rg BT 245.75 340.25 Td (financed ) Tj ET Q q 0 0 0 rg BT 282.39 340.25 Td (by ) Tj ET Q q 0 0 0 rg BT 294.60 340.25 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 334.58 340.25 Td (government ) Tj ET Q q 0 0 0 rg BT 384.56 340.25 Td (agencies ) Tj ET Q q 0 0 0 rg BT 421.20 340.25 Td (and ) Tj ET Q q 0 0 0 rg BT 437.85 340.25 Td (incentive ) Tj ET Q q 0 0 0 rg BT 476.72 340.25 Td (programs, ) Tj ET Q q 0 0 0 rg BT 519.20 340.25 Td (such ) Tj ET Q q 0 0 0 rg BT 539.74 340.25 Td (as ) Tj ET Q q 0 0 0 rg BT 550.29 340.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 328.25 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 107.49 328.25 Td (Media ) Tj ET Q q 0 0 0 rg BT 135.27 328.25 Td (Fund, ) Tj ET Q q 0 0 0 rg BT 160.40 328.25 Td (T) Tj ET Q q 0 0 0 rg BT 165.81 328.25 Td (elefilm ) Tj ET Q q 0 0 0 rg BT 196.35 328.25 Td (Canada ) Tj ET Q q 0 0 0 rg BT 228.57 328.25 Td (and ) Tj ET Q q 0 0 0 rg BT 245.23 328.25 Td (federal ) Tj ET Q q 0 0 0 rg BT 275.22 328.25 Td (and ) Tj ET Q q 0 0 0 rg BT 291.88 328.25 Td (provincial ) Tj ET Q q 0 0 0 rg BT 334.65 328.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 349.10 328.25 Td (credits. ) Tj ET Q q 0 0 0 rg BT 380.32 328.25 Td (There ) Tj ET Q q 0 0 0 rg BT 405.86 328.25 Td (can ) Tj ET Q q 0 0 0 rg BT 421.97 328.25 Td (be ) Tj ET Q q 0 0 0 rg BT 433.63 328.25 Td (no ) Tj ET Q q 0 0 0 rg BT 445.86 328.25 Td (assurance ) Tj ET Q q 0 0 0 rg BT 486.96 328.25 Td (that ) Tj ET Q q 0 0 0 rg BT 504.18 328.25 Td (such ) Tj ET Q q 0 0 0 rg BT 524.74 328.25 Td (financing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 316.25 Td (will ) Tj ET Q q 0 0 0 rg BT 85.34 316.25 Td (continue ) Tj ET Q q 0 0 0 rg BT 122.05 316.25 Td (to ) Tj ET Q q 0 0 0 rg BT 132.11 316.25 Td (be ) Tj ET Q q 0 0 0 rg BT 143.83 316.25 Td (available ) Tj ET Q q 0 0 0 rg BT 182.20 316.25 Td (at ) Tj ET Q q 0 0 0 rg BT 191.69 316.25 Td (current ) Tj ET Q q 0 0 0 rg BT 222.29 316.25 Td (levels, ) Tj ET Q q 0 0 0 rg BT 250.40 316.25 Td (or ) Tj ET Q q 0 0 0 rg BT 261.01 316.25 Td (at ) Tj ET Q q 0 0 0 rg BT 270.50 316.25 Td (all. ) Tj ET Q q 0 0 0 rg BT 285.28 316.25 Td (Reductions ) Tj ET Q q 0 0 0 rg BT 332.55 316.25 Td (or ) Tj ET Q q 0 0 0 rg BT 343.16 316.25 Td (other ) Tj ET Q q 0 0 0 rg BT 365.99 316.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 400.48 316.25 Td (in ) Tj ET Q q 0 0 0 rg BT 410.54 316.25 Td (the ) Tj ET Q q 0 0 0 rg BT 425.03 316.25 Td (policies ) Tj ET Q q 0 0 0 rg BT 458.42 316.25 Td (of ) Tj ET Q q 0 0 0 rg BT 469.03 316.25 Td (Canada ) Tj ET Q q 0 0 0 rg BT 501.29 316.25 Td (or ) Tj ET Q q 0 0 0 rg BT 511.90 316.25 Td (its ) Tj ET Q q 0 0 0 rg BT 523.63 316.25 Td (provinces ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 304.25 Td (in ) Tj ET Q q 0 0 0 rg BT 77.02 304.25 Td (connection ) Tj ET Q q 0 0 0 rg BT 122.64 304.25 Td (with ) Tj ET Q q 0 0 0 rg BT 142.16 304.25 Td (their ) Tj ET Q q 0 0 0 rg BT 162.23 304.25 Td (incentive ) Tj ET Q q 0 0 0 rg BT 200.62 304.25 Td (programs ) Tj ET Q q 0 0 0 rg BT 240.13 304.25 Td (could ) Tj ET Q q 0 0 0 rg BT 264.09 304.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 298.59 304.25 Td (the ) Tj ET Q q 0 0 0 rg BT 312.55 304.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 330.40 304.25 Td (of ) Tj ET Q q 0 0 0 rg BT 340.47 304.25 Td (acquiring ) Tj ET Q q 0 0 0 rg BT 379.98 304.25 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 419.49 304.25 Td (programs ) Tj ET Q q 0 0 0 rg BT 459.00 304.25 Td (required ) Tj ET Q q 0 0 0 rg BT 494.06 304.25 Td (to ) Tj ET Q q 0 0 0 rg BT 503.58 304.25 Td (be ) Tj ET Q q 0 0 0 rg BT 514.76 304.25 Td (broadcasted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 292.25 Td (and ) Tj ET Q q 0 0 0 rg BT 84.44 292.25 Td (have ) Tj ET Q q 0 0 0 rg BT 105.82 292.25 Td (a ) Tj ET Q q 0 0 0 rg BT 112.75 292.25 Td (material ) Tj ET Q q 0 0 0 rg BT 148.01 292.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 181.05 292.25 Td (ef) Tj ET Q q 0 0 0 rg BT 188.64 292.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 206.12 292.25 Td (on ) Tj ET Q q 0 0 0 rg BT 218.62 292.25 Td (DHX) Tj ET Q q 0 0 0 rg BT 243.07 292.25 Td (s ) Tj ET Q q 0 0 0 rg BT 249.46 292.25 Td (business, ) Tj ET Q q 0 0 0 rg BT 288.35 292.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 325.83 292.25 Td (condition ) Tj ET Q q 0 0 0 rg BT 366.10 292.25 Td (or ) Tj ET Q q 0 0 0 rg BT 376.93 292.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 417.20 292.25 Td (results.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 274.25 Td (Government ) Tj ET Q q 0 0 0 rg BT 138.38 274.25 Td (directions ) Tj ET Q q 0 0 0 rg BT 180.71 274.25 Td (limit ) Tj ET Q q 0 0 0 rg BT 202.50 274.25 Td (the ) Tj ET Q q 0 0 0 rg BT 217.62 274.25 Td (ownership ) Tj ET Q q 0 0 0 rg BT 262.17 274.25 Td (by ) Tj ET Q q 0 0 0 rg BT 275.07 274.25 Td (non-Canadians ) Tj ET Q q 0 0 0 rg BT 337.95 274.25 Td (of ) Tj ET Q q 0 0 0 rg BT 349.18 274.25 Td (voting ) Tj ET Q q 0 0 0 rg BT 377.63 274.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 405.52 274.25 Td (in ) Tj ET Q q 0 0 0 rg BT 416.19 274.25 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 456.86 274.25 Td (broadcasting ) Tj ET Q q 0 0 0 rg BT 510.85 274.25 Td (undertakings ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 262.25 Td (and ) Tj ET Q q 0 0 0 rg BT 83.97 262.25 Td (require ) Tj ET Q q 0 0 0 rg BT 114.31 262.25 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 154.10 262.25 Td (control ) Tj ET Q q 0 0 0 rg BT 184.45 262.25 Td (of ) Tj ET Q q 0 0 0 rg BT 194.81 262.25 Td (such ) Tj ET Q q 0 0 0 rg BT 215.17 262.25 Td (undertakings. ) Tj ET Q q 0 0 0 rg BT 271.35 262.25 Td (For ) Tj ET Q q 0 0 0 rg BT 287.27 262.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 329.29 262.25 Td (information ) Tj ET Q q 0 0 0 rg BT 378.53 262.25 Td (concerning ) Tj ET Q q 0 0 0 rg BT 424.98 262.25 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 471.44 262.25 Td (on ) Tj ET Q q 0 0 0 rg BT 483.47 262.25 Td (ownership ) Tj ET Q q 0 0 0 rg BT 527.16 262.25 Td (of ) Tj ET Q q 0 0 0 rg BT 537.52 262.25 Td (shares ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 250.25 Td (and ) Tj ET Q q 0 0 0 rg BT 84.88 250.25 Td (voting ) Tj ET Q q 0 0 0 rg BT 113.38 250.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 141.32 250.25 Td (arising ) Tj ET Q q 0 0 0 rg BT 171.48 250.25 Td (in ) Tj ET Q q 0 0 0 rg BT 182.20 250.25 Td (connection ) Tj ET Q q 0 0 0 rg BT 229.02 250.25 Td (with ) Tj ET Q q 0 0 0 rg BT 249.74 250.25 Td (the ) Tj ET Q q 0 0 0 rg BT 264.90 250.25 Td (application ) Tj ET Q q 0 0 0 rg BT 312.28 250.25 Td (of ) Tj ET Q q 0 0 0 rg BT 323.55 250.25 Td (the ) Tj ET Q q 0 0 0 rg BT 338.71 250.25 Td (Broadcasting ) Tj ET Q q 0 0 0 rg BT 393.77 250.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 411.15 250.25 Td (to ) Tj ET Q q 0 0 0 rg BT 421.87 250.25 Td (DHX ) Tj ET Q q 0 0 0 rg BT 446.48 250.25 Td (refer ) Tj ET Q q 0 0 0 rg BT 468.30 250.25 Td (to ) Tj ET Q q 0 0 0 rg BT 479.02 250.25 Td (DHX) Tj ET Q q 0 0 0 rg BT 503.46 250.25 Td (s ) Tj ET Q q 0 0 0 rg BT 510.30 250.25 Td (Management ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 238.25 Td (Information ) Tj ET Q q 0 0 0 rg BT 118.57 238.25 Td (Circular ) Tj ET Q q 0 0 0 rg BT 154.64 238.25 Td (dated ) Tj ET Q q 0 0 0 rg BT 179.61 238.25 Td (September ) Tj ET Q q 0 0 0 rg BT 225.68 238.25 Td (3, ) Tj ET Q q 0 0 0 rg BT 236.49 238.25 Td (2014. ) Tj ET Q q 0 0 0 rg BT 262.29 238.25 Td (DHX) Tj ET Q q 0 0 0 rg BT 286.74 238.25 Td (s ) Tj ET Q q 0 0 0 rg BT 293.94 238.25 Td (Common ) Tj ET Q q 0 0 0 rg BT 334.47 238.25 Td (Shares ) Tj ET Q q 0 0 0 rg BT 364.44 238.25 Td (are ) Tj ET Q q 0 0 0 rg BT 379.96 238.25 Td (publicly ) Tj ET Q q 0 0 0 rg BT 416.04 238.25 Td (traded, ) Tj ET Q q 0 0 0 rg BT 446.83 238.25 Td (and ) Tj ET Q q 0 0 0 rg BT 464.58 238.25 Td (as ) Tj ET Q q 0 0 0 rg BT 476.22 238.25 Td (a ) Tj ET Q q 0 0 0 rg BT 483.96 238.25 Td (result, ) Tj ET Q q 0 0 0 rg BT 511.99 238.25 Td (although ) Tj ET Q q 0 0 0 rg BT 550.29 238.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 226.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 108.63 226.25 Td (monitors ) Tj ET Q q 0 0 0 rg BT 146.43 226.25 Td (the ) Tj ET Q q 0 0 0 rg BT 160.89 226.25 Td (level ) Tj ET Q q 0 0 0 rg BT 182.57 226.25 Td (of ) Tj ET Q q 0 0 0 rg BT 193.14 226.25 Td (non-Canadian ) Tj ET Q q 0 0 0 rg BT 251.48 226.25 Td (ownership ) Tj ET Q q 0 0 0 rg BT 295.38 226.25 Td (of ) Tj ET Q q 0 0 0 rg BT 305.96 226.25 Td (Common ) Tj ET Q q 0 0 0 rg BT 345.43 226.25 Td (Shares, ) Tj ET Q q 0 0 0 rg BT 376.83 226.25 Td (there ) Tj ET Q q 0 0 0 rg BT 399.06 226.25 Td (can ) Tj ET Q q 0 0 0 rg BT 415.18 226.25 Td (be ) Tj ET Q q 0 0 0 rg BT 426.86 226.25 Td (no ) Tj ET Q q 0 0 0 rg BT 439.11 226.25 Td (assurance ) Tj ET Q q 0 0 0 rg BT 480.22 226.25 Td (that ) Tj ET Q q 0 0 0 rg BT 497.46 226.25 Td (the ) Tj ET Q q 0 0 0 rg BT 511.92 226.25 Td (level ) Tj ET Q q 0 0 0 rg BT 533.59 226.25 Td (of ) Tj ET Q q 0 0 0 rg BT 544.17 226.25 Td (non-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 214.25 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 108.06 214.25 Td (ownership ) Tj ET Q q 0 0 0 rg BT 152.52 214.25 Td (of ) Tj ET Q q 0 0 0 rg BT 163.65 214.25 Td (such ) Tj ET Q q 0 0 0 rg BT 184.79 214.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 212.58 214.25 Td (will ) Tj ET Q q 0 0 0 rg BT 230.93 214.25 Td (continue ) Tj ET Q q 0 0 0 rg BT 268.17 214.25 Td (to ) Tj ET Q q 0 0 0 rg BT 278.75 214.25 Td (be ) Tj ET Q q 0 0 0 rg BT 290.98 214.25 Td (within ) Tj ET Q q 0 0 0 rg BT 319.34 214.25 Td (the ) Tj ET Q q 0 0 0 rg BT 334.36 214.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 378.25 214.25 Td (limits. ) Tj ET Q q 0 0 0 rg BT 405.71 214.25 Td (Any ) Tj ET Q q 0 0 0 rg BT 425.73 214.25 Td (failure ) Tj ET Q q 0 0 0 rg BT 454.63 214.25 Td (to ) Tj ET Q q 0 0 0 rg BT 465.21 214.25 Td (comply ) Tj ET Q q 0 0 0 rg BT 498.00 214.25 Td (with ) Tj ET Q q 0 0 0 rg BT 518.58 214.25 Td (such ) Tj ET Q q 0 0 0 rg BT 539.71 214.25 Td (limits ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 202.25 Td (could ) Tj ET Q q 0 0 0 rg BT 92.41 202.25 Td (result ) Tj ET Q q 0 0 0 rg BT 117.32 202.25 Td (in ) Tj ET Q q 0 0 0 rg BT 127.80 202.25 Td (the ) Tj ET Q q 0 0 0 rg BT 142.71 202.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 160.97 202.25 Td (of ) Tj ET Q q 0 0 0 rg BT 171.99 202.25 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 213.00 202.25 Td (licenses ) Tj ET Q q 0 0 0 rg BT 247.35 202.25 Td (for ) Tj ET Q q 0 0 0 rg BT 261.71 202.25 Td (the ) Tj ET Q q 0 0 0 rg BT 276.62 202.25 Td (DHX ) Tj ET Q q 0 0 0 rg BT 300.79 202.25 Td (T) Tj ET Q q 0 0 0 rg BT 306.20 202.25 Td (elevision ) Tj ET Q q 0 0 0 rg BT 345.00 202.25 Td (business. ) Tj ET Q q 0 0 0 rg BT 384.08 202.25 Td (In ) Tj ET Q q 0 0 0 rg BT 395.11 202.25 Td (October ) Tj ET Q q 0 0 0 rg BT 430.01 202.25 Td (2014, ) Tj ET Q q 0 0 0 rg BT 455.21 202.25 Td (with ) Tj ET Q q 0 0 0 rg BT 475.68 202.25 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 525.02 202.25 Td (approval, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 190.25 Td (DHX ) Tj ET Q q 0 0 0 rg BT 91.63 190.25 Td (ef) Tj ET Q q 0 0 0 rg BT 99.22 190.25 Td (fected ) Tj ET Q q 0 0 0 rg BT 126.11 190.25 Td (a ) Tj ET Q q 0 0 0 rg BT 133.02 190.25 Td (reor) Tj ET Q q 0 0 0 rg BT 148.94 190.25 Td (ganization ) Tj ET Q q 0 0 0 rg BT 193.06 190.25 Td (of ) Tj ET Q q 0 0 0 rg BT 203.85 190.25 Td (its ) Tj ET Q q 0 0 0 rg BT 215.77 190.25 Td (share ) Tj ET Q q 0 0 0 rg BT 239.34 190.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 268.46 190.25 Td (structure) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.44 190.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.91 190.25 Td (in ) Tj ET Q q 0 0 0 rg BT 316.16 190.25 Td (order ) Tj ET Q q 0 0 0 rg BT 339.72 190.25 Td (to ) Tj ET Q q 0 0 0 rg BT 349.97 190.25 Td (address ) Tj ET Q q 0 0 0 rg BT 382.43 190.25 Td (this ) Tj ET Q q 0 0 0 rg BT 399.35 190.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 416.81 190.25 Td (concerning ) Tj ET Q q 0 0 0 rg BT 463.71 190.25 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 503.94 190.25 Td (ownership ) Tj ET Q q 0 0 0 rg BT 548.07 190.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 178.25 Td (control ) Tj ET Q q 0 0 0 rg BT 98.15 178.25 Td (of ) Tj ET Q q 0 0 0 rg BT 108.80 178.25 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 149.44 178.25 Td (undertakings. ) Tj ET Q q 0 0 0 rg BT 205.92 178.25 Td (Such ) Tj ET Q q 0 0 0 rg BT 228.25 178.25 Td (share ) Tj ET Q q 0 0 0 rg BT 251.67 178.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 280.64 178.25 Td (reor) Tj ET Q q 0 0 0 rg BT 296.56 178.25 Td (ganization ) Tj ET Q q 0 0 0 rg BT 340.54 178.25 Td (resulted ) Tj ET Q q 0 0 0 rg BT 374.52 178.25 Td (in, ) Tj ET Q q 0 0 0 rg BT 387.12 178.25 Td (among ) Tj ET Q q 0 0 0 rg BT 416.66 178.25 Td (other ) Tj ET Q q 0 0 0 rg BT 439.53 178.25 Td (things, ) Tj ET Q q 0 0 0 rg BT 468.80 178.25 Td (the ) Tj ET Q q 0 0 0 rg BT 483.34 178.25 Td (creation ) Tj ET Q q 0 0 0 rg BT 517.87 178.25 Td (of ) Tj ET Q q 0 0 0 rg BT 528.53 178.25 Td (two ) Tj ET Q q 0 0 0 rg BT 545.85 178.25 Td (new ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 166.25 Td (classes ) Tj ET Q q 0 0 0 rg BT 97.71 166.25 Td (of ) Tj ET Q q 0 0 0 rg BT 108.49 166.25 Td (shares, ) Tj ET Q q 0 0 0 rg BT 138.42 166.25 Td (Common ) Tj ET Q q 0 0 0 rg BT 177.91 166.25 Td (V) Tj ET Q q 0 0 0 rg BT 183.85 166.25 Td (oting ) Tj ET Q q 0 0 0 rg BT 206.85 166.25 Td (Shares ) Tj ET Q q 0 0 0 rg BT 235.95 166.25 Td (and ) Tj ET Q q 0 0 0 rg BT 252.66 166.25 Td (V) Tj ET Q q 0 0 0 rg BT 258.77 166.25 Td (ariable ) Tj ET Q q 0 0 0 rg BT 288.24 166.25 Td (V) Tj ET Q q 0 0 0 rg BT 294.17 166.25 Td (oting ) Tj ET Q q 0 0 0 rg BT 317.17 166.25 Td (Shares. ) Tj ET Q q 0 0 0 rg BT 348.78 166.25 Td (Each ) Tj ET Q q 0 0 0 rg BT 371.21 166.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 420.31 166.25 Td (Common ) Tj ET Q q 0 0 0 rg BT 459.98 166.25 Td (Share ) Tj ET Q q 0 0 0 rg BT 485.20 166.25 Td (of ) Tj ET Q q 0 0 0 rg BT 495.97 166.25 Td (DHX ) Tj ET Q q 0 0 0 rg BT 520.08 166.25 Td (which ) Tj ET Q q 0 0 0 rg BT 546.96 166.25 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 154.25 Td (not ) Tj ET Q q 0 0 0 rg BT 83.31 154.25 Td (owned ) Tj ET Q q 0 0 0 rg BT 113.00 154.25 Td (and ) Tj ET Q q 0 0 0 rg BT 130.46 154.25 Td (controlled ) Tj ET Q q 0 0 0 rg BT 174.03 154.25 Td (by ) Tj ET Q q 0 0 0 rg BT 187.06 154.25 Td (a ) Tj ET Q q 0 0 0 rg BT 194.53 154.25 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 235.32 154.25 Td (for ) Tj ET Q q 0 0 0 rg BT 250.01 154.25 Td (the ) Tj ET Q q 0 0 0 rg BT 265.26 154.25 Td (purposes ) Tj ET Q q 0 0 0 rg BT 303.84 154.25 Td (of ) Tj ET Q q 0 0 0 rg BT 315.20 154.25 Td (the ) Tj ET Q q 0 0 0 rg BT 330.44 154.25 Td (Broadcasting ) Tj ET Q q 0 0 0 rg BT 385.57 154.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 403.03 154.25 Td (was ) Tj ET Q q 0 0 0 rg BT 421.61 154.25 Td (converted ) Tj ET Q q 0 0 0 rg BT 464.07 154.25 Td (into ) Tj ET Q q 0 0 0 rg BT 482.65 154.25 Td (one ) Tj ET Q q 0 0 0 rg BT 499.90 154.25 Td (V) Tj ET Q q 0 0 0 rg BT 506.01 154.25 Td (ariable ) Tj ET Q q 0 0 0 rg BT 536.03 154.25 Td (V) Tj ET Q q 0 0 0 rg BT 541.96 154.25 Td (oting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 142.25 Td (Share ) Tj ET Q q 0 0 0 rg BT 91.65 142.25 Td (and ) Tj ET Q q 0 0 0 rg BT 107.47 142.25 Td (each ) Tj ET Q q 0 0 0 rg BT 127.17 142.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 175.21 142.25 Td (Common ) Tj ET Q q 0 0 0 rg BT 213.82 142.25 Td (Share ) Tj ET Q q 0 0 0 rg BT 237.97 142.25 Td (which ) Tj ET Q q 0 0 0 rg BT 263.79 142.25 Td (was ) Tj ET Q q 0 0 0 rg BT 280.73 142.25 Td (owned ) Tj ET Q q 0 0 0 rg BT 308.77 142.25 Td (and ) Tj ET Q q 0 0 0 rg BT 324.59 142.25 Td (controlled ) Tj ET Q q 0 0 0 rg BT 366.51 142.25 Td (by ) Tj ET Q q 0 0 0 rg BT 377.90 142.25 Td (a ) Tj ET Q q 0 0 0 rg BT 383.72 142.25 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 422.86 142.25 Td (for ) Tj ET Q q 0 0 0 rg BT 435.90 142.25 Td (the ) Tj ET Q q 0 0 0 rg BT 449.50 142.25 Td (purposes ) Tj ET Q q 0 0 0 rg BT 486.44 142.25 Td (of ) Tj ET Q q 0 0 0 rg BT 496.15 142.25 Td (the ) Tj ET Q q 0 0 0 rg BT 509.75 142.25 Td (Broadcasting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 130.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 85.26 130.25 Td (was ) Tj ET Q q 0 0 0 rg BT 104.13 130.25 Td (converted ) Tj ET Q q 0 0 0 rg BT 146.88 130.25 Td (into ) Tj ET Q q 0 0 0 rg BT 165.75 130.25 Td (one ) Tj ET Q q 0 0 0 rg BT 183.51 130.25 Td (Common ) Tj ET Q q 0 0 0 rg BT 223.82 130.25 Td (V) Tj ET Q q 0 0 0 rg BT 229.75 130.25 Td (oting ) Tj ET Q q 0 0 0 rg BT 253.63 130.25 Td (Share. ) Tj ET Q q 0 0 0 rg BT 281.48 130.25 Td (All ) Tj ET Q q 0 0 0 rg BT 297.58 130.25 Td (of ) Tj ET Q q 0 0 0 rg BT 309.23 130.25 Td (the ) Tj ET Q q 0 0 0 rg BT 324.77 130.25 Td (unissued ) Tj ET Q q 0 0 0 rg BT 363.09 130.25 Td (Common ) Tj ET Q q 0 0 0 rg BT 403.64 130.25 Td (Shares ) Tj ET Q q 0 0 0 rg BT 433.62 130.25 Td (were ) Tj ET Q q 0 0 0 rg BT 456.37 130.25 Td (then ) Tj ET Q q 0 0 0 rg BT 476.90 130.25 Td (cancelled. ) Tj ET Q q 0 0 0 rg BT 519.74 130.25 Td (Additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 118.25 Td (details ) Tj ET Q q 0 0 0 rg BT 96.10 118.25 Td (concerning ) Tj ET Q q 0 0 0 rg BT 143.03 118.25 Td (this ) Tj ET Q q 0 0 0 rg BT 159.98 118.25 Td (matter ) Tj ET Q q 0 0 0 rg BT 188.02 118.25 Td (can ) Tj ET Q q 0 0 0 rg BT 204.39 118.25 Td (be ) Tj ET Q q 0 0 0 rg BT 216.33 118.25 Td (found ) Tj ET Q q 0 0 0 rg BT 242.16 118.25 Td (in ) Tj ET Q q 0 0 0 rg BT 252.44 118.25 Td (DHX) Tj ET Q q 0 0 0 rg BT 276.88 118.25 Td (s ) Tj ET Q q 0 0 0 rg BT 283.28 118.25 Td (Management ) Tj ET Q q 0 0 0 rg BT 337.98 118.25 Td (Information ) Tj ET Q q 0 0 0 rg BT 388.24 118.25 Td (Circular ) Tj ET Q q 0 0 0 rg BT 423.51 118.25 Td (dated ) Tj ET Q q 0 0 0 rg BT 447.66 118.25 Td (September ) Tj ET Q q 0 0 0 rg BT 492.92 118.25 Td (3, ) Tj ET Q q 0 0 0 rg BT 502.92 118.25 Td (2014.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 100.25 Td (DHX) Tj ET Q q 0 0 0 rg BT 109.94 100.25 Td (s ) Tj ET Q q 0 0 0 rg BT 115.74 100.25 Td (television ) Tj ET Q q 0 0 0 rg BT 156.53 100.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 200.08 100.25 Td (rely ) Tj ET Q q 0 0 0 rg BT 217.54 100.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 239.44 100.25 Td (licenses ) Tj ET Q q 0 0 0 rg BT 273.00 100.25 Td (granted ) Tj ET Q q 0 0 0 rg BT 304.89 100.25 Td (under ) Tj ET Q q 0 0 0 rg BT 329.56 100.25 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 343.68 100.25 Td (Copyright ) Tj ET Q q 0 0 0 rg BT 386.01 100.25 Td (Act) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.33 100.25 Td ( ) Tj ET Q q 0 0 0 rg BT 401.24 100.25 Td (\(Canada\) ) Tj ET Q q 0 0 0 rg BT 439.79 100.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 457.24 100.25 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 461.68 100.25 Td (Copyright ) Tj ET Q q 0 0 0 rg BT 507.05 100.25 Td (Act) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.04 100.25 Td (\) ) Tj ET Q q 0 0 0 rg BT 531.71 100.25 Td (in ) Tj ET Q q 0 0 0 rg BT 541.40 100.25 Td (order ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 88.25 Td (to ) Tj ET Q q 0 0 0 rg BT 78.14 88.25 Td (make ) Tj ET Q q 0 0 0 rg BT 102.66 88.25 Td (use ) Tj ET Q q 0 0 0 rg BT 118.85 88.25 Td (of ) Tj ET Q q 0 0 0 rg BT 130.04 88.25 Td (the ) Tj ET Q q 0 0 0 rg BT 145.12 88.25 Td (music ) Tj ET Q q 0 0 0 rg BT 171.87 88.25 Td (components ) Tj ET Q q 0 0 0 rg BT 223.05 88.25 Td (of ) Tj ET Q q 0 0 0 rg BT 234.24 88.25 Td (the ) Tj ET Q q 0 0 0 rg BT 249.32 88.25 Td (programming ) Tj ET Q q 0 0 0 rg BT 306.62 88.25 Td (distributed ) Tj ET Q q 0 0 0 rg BT 352.25 88.25 Td (by ) Tj ET Q q 0 0 0 rg BT 365.11 88.25 Td (these ) Tj ET Q q 0 0 0 rg BT 388.52 88.25 Td (undertakings. ) Tj ET Q q 0 0 0 rg BT 445.54 88.25 Td (Under ) Tj ET Q q 0 0 0 rg BT 473.39 88.25 Td (these ) Tj ET Q q 0 0 0 rg BT 496.80 88.25 Td (licenses ) Tj ET Q q 0 0 0 rg BT 531.31 88.25 Td (DHX ) Tj ET Q q 0 0 0 rg BT 555.84 88.25 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 76.25 Td (required ) Tj ET Q q 0 0 0 rg BT 103.51 76.25 Td (to ) Tj ET Q q 0 0 0 rg BT 113.98 76.25 Td (pay ) Tj ET Q q 0 0 0 rg BT 131.12 76.25 Td (royalties, ) Tj ET Q q 0 0 0 rg BT 170.74 76.25 Td (established ) Tj ET Q q 0 0 0 rg BT 217.87 76.25 Td (by ) Tj ET Q q 0 0 0 rg BT 230.57 76.25 Td (the ) Tj ET Q q 0 0 0 rg BT 245.48 76.25 Td (Copyright ) Tj ET Q q 0 0 0 rg BT 288.73 76.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 315.86 76.25 Td (of ) Tj ET Q q 0 0 0 rg BT 326.88 76.25 Td (Canada ) Tj ET Q q 0 0 0 rg BT 359.56 76.25 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 396.70 76.25 Td (to ) Tj ET Q q 0 0 0 rg BT 407.17 76.25 Td (the ) Tj ET Q q 0 0 0 rg BT 422.08 76.25 Td (requirements ) Tj ET Q q 0 0 0 rg BT 476.98 76.25 Td (of ) Tj ET Q q 0 0 0 rg BT 488.00 76.25 Td (the ) Tj ET Q q 0 0 0 rg BT 502.91 76.25 Td (Copyright ) Tj ET Q q 0 0 0 rg BT 545.57 76.25 Td (Act, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 64.25 Td (to ) Tj ET Q q 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580.10 Td (number ) Tj ET Q q 0 0 0 rg BT 356.24 580.10 Td (of ) Tj ET Q q 0 0 0 rg BT 366.68 580.10 Td (subscribers ) Tj ET Q q 0 0 0 rg BT 413.79 580.10 Td (to ) Tj ET Q q 0 0 0 rg BT 423.68 580.10 Td (the ) Tj ET Q q 0 0 0 rg BT 438.02 580.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 474.84 580.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 503.60 580.10 Td (the ) Tj ET Q q 0 0 0 rg BT 517.93 580.10 Td (Company's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 568.10 Td (television ) Tj ET Q q 0 0 0 rg BT 108.88 568.10 Td (ratings ) Tj ET Q q 0 0 0 rg BT 138.60 568.10 Td (and ) Tj ET Q q 0 0 0 rg BT 155.54 568.10 Td (have ) Tj ET Q q 0 0 0 rg BT 176.91 568.10 Td (an ) Tj ET Q q 0 0 0 rg BT 188.85 568.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 221.89 568.10 Td (ef) Tj ET Q q 0 0 0 rg BT 229.48 568.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 246.96 568.10 Td (on ) Tj ET Q q 0 0 0 rg BT 259.46 568.10 Td (revenues.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 67.50 550.10 Td (Revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 532.10 Td (Subscription ) Tj ET Q q 0 0 0 rg BT 138.78 532.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 177.05 532.10 Td (are ) Tj ET Q q 0 0 0 rg BT 191.98 532.10 Td (dependent ) Tj ET Q q 0 0 0 rg BT 235.80 532.10 Td (on ) Tj ET Q q 0 0 0 rg BT 248.53 532.10 Td (the ) Tj ET Q q 0 0 0 rg BT 263.47 532.10 Td (number ) Tj ET Q q 0 0 0 rg BT 296.75 532.10 Td (of ) Tj ET Q q 0 0 0 rg BT 307.80 532.10 Td (subscribers ) Tj ET Q q 0 0 0 rg BT 355.52 532.10 Td (and ) Tj ET Q q 0 0 0 rg BT 372.69 532.10 Td (the ) Tj ET Q q 0 0 0 rg BT 387.63 532.10 Td (wholesale ) Tj ET Q q 0 0 0 rg BT 430.34 532.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 448.06 532.10 Td (billed ) Tj ET Q q 0 0 0 rg BT 473.56 532.10 Td (by ) Tj ET Q q 0 0 0 rg BT 486.28 532.10 Td (DHX ) Tj ET Q q 0 0 0 rg BT 510.48 532.10 Td (T) Tj ET Q q 0 0 0 rg BT 515.89 532.10 Td (elevision ) Tj ET Q q 0 0 0 rg BT 554.72 532.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 520.10 Td (BDUs ) Tj ET Q q 0 0 0 rg BT 94.63 520.10 Td (for ) Tj ET Q q 0 0 0 rg BT 108.42 520.10 Td (carriage ) Tj ET Q q 0 0 0 rg BT 142.74 520.10 Td (of ) Tj ET Q q 0 0 0 rg BT 153.20 520.10 Td (the ) Tj ET Q q 0 0 0 rg BT 167.55 520.10 Td (individual ) Tj ET Q q 0 0 0 rg BT 210.23 520.10 Td (services. ) Tj ET Q q 0 0 0 rg BT 246.91 520.10 Td (The ) Tj ET Q q 0 0 0 rg BT 264.59 520.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 291.15 520.10 Td (to ) Tj ET Q q 0 0 0 rg BT 301.06 520.10 Td (which ) Tj ET Q q 0 0 0 rg BT 327.62 520.10 Td (the ) Tj ET Q q 0 0 0 rg BT 341.97 520.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 388.68 520.10 Td (subscriber ) Tj ET Q q 0 0 0 rg BT 431.91 520.10 Td (bases ) Tj ET Q q 0 0 0 rg BT 455.70 520.10 Td (will ) Tj ET Q q 0 0 0 rg BT 473.38 520.10 Td (be ) Tj ET Q q 0 0 0 rg BT 484.95 520.10 Td (maintained ) Tj ET Q q 0 0 0 rg BT 531.51 520.10 Td (or ) Tj ET Q q 0 0 0 rg BT 541.97 520.10 Td (grow ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 508.10 Td (is ) Tj ET Q q 0 0 0 rg BT 76.16 508.10 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 115.35 508.10 Td (and ) Tj ET Q q 0 0 0 rg BT 131.78 508.10 Td (is ) Tj ET Q q 0 0 0 rg BT 140.44 508.10 Td (dependent ) Tj ET Q q 0 0 0 rg BT 183.52 508.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 205.51 508.10 Td (the ) Tj ET Q q 0 0 0 rg BT 219.72 508.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 247.26 508.10 Td (of ) Tj ET Q q 0 0 0 rg BT 257.58 508.10 Td (BDUs ) Tj ET Q q 0 0 0 rg BT 284.58 508.10 Td (to ) Tj ET Q q 0 0 0 rg BT 294.34 508.10 Td (deploy ) Tj ET Q q 0 0 0 rg BT 323.55 508.10 Td (and ) Tj ET Q q 0 0 0 rg BT 339.98 508.10 Td (expand ) Tj ET Q q 0 0 0 rg BT 370.84 508.10 Td (their ) Tj ET Q q 0 0 0 rg BT 391.16 508.10 Td (digital ) Tj ET Q q 0 0 0 rg BT 418.70 508.10 Td (technologies, ) Tj ET Q q 0 0 0 rg BT 473.73 508.10 Td (their ) Tj ET Q q 0 0 0 rg BT 494.05 508.10 Td (marketing ) Tj ET Q q 0 0 0 rg BT 536.58 508.10 Td (ef) Tj ET Q q 0 0 0 rg BT 544.17 508.10 Td (forts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 496.10 Td (and ) Tj ET Q q 0 0 0 rg BT 84.12 496.10 Td (the ) Tj ET Q q 0 0 0 rg BT 98.51 496.10 Td (packaging ) Tj ET Q q 0 0 0 rg BT 141.79 496.10 Td (of ) Tj ET Q q 0 0 0 rg BT 152.30 496.10 Td (their ) Tj ET Q q 0 0 0 rg BT 172.80 496.10 Td (services' ) Tj ET Q q 0 0 0 rg BT 208.99 496.10 Td (of) Tj ET Q q 0 0 0 rg BT 217.14 496.10 Td (ferings, ) Tj ET Q q 0 0 0 rg BT 249.59 496.10 Td (as ) Tj ET Q q 0 0 0 rg BT 260.09 496.10 Td (well ) Tj ET Q q 0 0 0 rg BT 279.49 496.10 Td (as ) Tj ET Q q 0 0 0 rg BT 290.00 496.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 312.18 496.10 Td (the ) Tj ET Q q 0 0 0 rg BT 326.58 496.10 Td (willingness ) Tj ET Q q 0 0 0 rg BT 374.31 496.10 Td (of ) Tj ET Q q 0 0 0 rg BT 384.82 496.10 Td (subscribers ) Tj ET Q q 0 0 0 rg BT 431.99 496.10 Td (to ) Tj ET Q q 0 0 0 rg BT 441.95 496.10 Td (adopt ) Tj ET Q q 0 0 0 rg BT 466.34 496.10 Td (and ) Tj ET Q q 0 0 0 rg BT 482.96 496.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 499.58 496.10 Td (for ) Tj ET Q q 0 0 0 rg BT 513.42 496.10 Td (the ) Tj ET Q q 0 0 0 rg BT 527.81 496.10 Td (services.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 478.10 Td (DHX) Tj ET Q q 0 0 0 rg BT 109.94 478.10 Td (s ) Tj ET Q q 0 0 0 rg BT 116.28 478.10 Td (television ) Tj ET Q q 0 0 0 rg BT 157.61 478.10 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 198.37 478.10 Td (signals ) Tj ET Q q 0 0 0 rg BT 228.60 478.10 Td (are ) Tj ET Q q 0 0 0 rg BT 243.25 478.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 274.02 478.10 Td (to ) Tj ET Q q 0 0 0 rg BT 284.25 478.10 Td (illegal ) Tj ET Q q 0 0 0 rg BT 311.68 478.10 Td (interception ) Tj ET Q q 0 0 0 rg BT 361.89 478.10 Td (and ) Tj ET Q q 0 0 0 rg BT 378.77 478.10 Td (as ) Tj ET Q q 0 0 0 rg BT 389.55 478.10 Td (a ) Tj ET Q q 0 0 0 rg BT 396.43 478.10 Td (result, ) Tj ET Q q 0 0 0 rg BT 423.60 478.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 461.03 478.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 495.12 478.10 Td (loss. ) Tj ET Q q 0 0 0 rg BT 515.09 478.10 Td (An ) Tj ET Q q 0 0 0 rg BT 529.76 478.10 Td (increase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 466.10 Td (in ) Tj ET Q q 0 0 0 rg BT 77.59 466.10 Td (the ) Tj ET Q q 0 0 0 rg BT 92.12 466.10 Td (number ) Tj ET Q q 0 0 0 rg BT 124.99 466.10 Td (of ) Tj ET Q q 0 0 0 rg BT 135.63 466.10 Td (illegal ) Tj ET Q q 0 0 0 rg BT 162.93 466.10 Td (receivers ) Tj ET Q q 0 0 0 rg BT 201.33 466.10 Td (in ) Tj ET Q q 0 0 0 rg BT 211.43 466.10 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 251.50 466.10 Td (homes ) Tj ET Q q 0 0 0 rg BT 279.93 466.10 Td (could ) Tj ET Q q 0 0 0 rg BT 304.46 466.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 345.09 466.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 374.61 466.10 Td (the ) Tj ET Q q 0 0 0 rg BT 389.15 466.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 436.04 466.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 470.02 466.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 507.87 466.10 Td (and ) Tj ET Q q 0 0 0 rg BT 524.62 466.10 Td (inhibit ) Tj ET Q q 0 0 0 rg BT 553.05 466.10 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 454.10 Td (capacity ) Tj ET Q q 0 0 0 rg BT 103.31 454.10 Td (to ) Tj ET Q q 0 0 0 rg BT 113.59 454.10 Td (grow ) Tj ET Q q 0 0 0 rg BT 136.64 454.10 Td (its ) Tj ET Q q 0 0 0 rg BT 148.59 454.10 Td (subscriber ) Tj ET Q q 0 0 0 rg BT 192.19 454.10 Td (base.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 67.50 436.10 Td (Competition ) Tj ET Q q 0 0 0 rg BT 120.56 436.10 Td (\(Broadcasting\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 418.10 Td (The ) Tj ET Q q 0 0 0 rg BT 102.81 418.10 Td (CR) Tj ET Q q 0 0 0 rg BT 115.55 418.10 Td (TC ) Tj ET Q q 0 0 0 rg BT 130.10 418.10 Td (issues ) Tj ET Q q 0 0 0 rg BT 155.76 418.10 Td (new ) Tj ET Q q 0 0 0 rg BT 174.19 418.10 Td (licenses ) Tj ET Q q 0 0 0 rg BT 207.61 418.10 Td (for ) Tj ET Q q 0 0 0 rg BT 221.04 418.10 Td (a ) Tj ET Q q 0 0 0 rg BT 227.24 418.10 Td (variety ) Tj ET Q q 0 0 0 rg BT 256.77 418.10 Td (of ) Tj ET Q q 0 0 0 rg BT 266.87 418.10 Td (services ) Tj ET Q q 0 0 0 rg BT 300.85 418.10 Td (on ) Tj ET Q q 0 0 0 rg BT 312.61 418.10 Td (a ) Tj ET Q q 0 0 0 rg BT 318.82 418.10 Td (constant ) Tj ET Q q 0 0 0 rg BT 353.91 418.10 Td (basis. ) Tj ET Q q 0 0 0 rg BT 378.18 418.10 Td (Competitive ) Tj ET Q q 0 0 0 rg BT 429.39 418.10 Td (licenses ) Tj ET Q q 0 0 0 rg BT 462.81 418.10 Td (granted ) Tj ET Q q 0 0 0 rg BT 494.56 418.10 Td (to ) Tj ET Q q 0 0 0 rg BT 504.11 418.10 Td (other ) Tj ET Q q 0 0 0 rg BT 526.42 418.10 Td (licensees ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 406.10 Td (increases ) Tj ET Q q 0 0 0 rg BT 105.85 406.10 Td (the ) Tj ET Q q 0 0 0 rg BT 119.77 406.10 Td (competition ) Tj ET Q q 0 0 0 rg BT 169.24 406.10 Td (for ) Tj ET Q q 0 0 0 rg BT 182.60 406.10 Td (viewers, ) Tj ET Q q 0 0 0 rg BT 217.90 406.10 Td (listeners, ) Tj ET Q q 0 0 0 rg BT 255.42 406.10 Td (programming ) Tj ET Q q 0 0 0 rg BT 311.56 406.10 Td (and ) Tj ET Q q 0 0 0 rg BT 327.70 406.10 Td (advertising ) Tj ET Q q 0 0 0 rg BT 373.84 406.10 Td (dollars. ) Tj ET Q q 0 0 0 rg BT 405.13 406.10 Td (The ) Tj ET Q q 0 0 0 rg BT 422.38 406.10 Td (Commission ) Tj ET Q q 0 0 0 rg BT 474.65 406.10 Td (has ) Tj ET Q q 0 0 0 rg BT 489.68 406.10 Td (revised ) Tj ET Q q 0 0 0 rg BT 520.26 406.10 Td (its ) Tj ET Q q 0 0 0 rg BT 531.41 406.10 Td (policies ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 394.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 108.87 394.10 Td (genre ) Tj ET Q q 0 0 0 rg BT 134.13 394.10 Td (protection ) Tj ET Q q 0 0 0 rg BT 177.72 394.10 Td (for ) Tj ET Q q 0 0 0 rg BT 192.43 394.10 Td (Category ) Tj ET Q q 0 0 0 rg BT 231.47 394.10 Td (A) Tj ET Q q 0 0 0 rg BT 238.14 394.10 Td ( ) Tj ET Q q 0 0 0 rg BT 241.19 394.10 Td (services ) Tj ET Q q 0 0 0 rg BT 276.45 394.10 Td (based ) Tj ET Q q 0 0 0 rg BT 302.27 394.10 Td (on ) Tj ET Q q 0 0 0 rg BT 315.32 394.10 Td (its ) Tj ET Q q 0 0 0 rg BT 327.82 394.10 Td (Let) Tj ET Q q 0 0 0 rg BT 343.92 394.10 Td (s ) Tj ET Q q 0 0 0 rg BT 350.64 394.10 Td (T) Tj ET Q q 0 0 0 rg BT 356.05 394.10 Td (alk ) Tj ET Q q 0 0 0 rg BT 371.10 394.10 Td (TV) Tj ET Q q 0 0 0 rg BT 384.25 394.10 Td ( ) Tj ET Q q 0 0 0 rg BT 387.30 394.10 Td (review ) Tj ET Q q 0 0 0 rg BT 417.56 394.10 Td (conducted ) Tj ET Q q 0 0 0 rg BT 461.71 394.10 Td (in ) Tj ET Q q 0 0 0 rg BT 472.54 394.10 Td (the ) Tj ET Q q 0 0 0 rg BT 487.81 394.10 Td (2014-15 ) Tj ET Q q 0 0 0 rg BT 524.19 394.10 Td (broadcast ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 382.10 Td (year) Tj ET Q q 0 0 0 rg BT 84.31 382.10 Td (, ) Tj ET Q q 0 0 0 rg BT 89.31 382.10 Td (which ) Tj ET Q q 0 0 0 rg BT 116.25 382.10 Td (could ) Tj ET Q q 0 0 0 rg BT 140.96 382.10 Td (result ) Tj ET Q q 0 0 0 rg BT 165.68 382.10 Td (in ) Tj ET Q q 0 0 0 rg BT 175.96 382.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 216.21 382.10 Td (competition, ) Tj ET Q q 0 0 0 rg BT 268.98 382.10 Td (particularly ) Tj ET Q q 0 0 0 rg BT 317.57 382.10 Td (in ) Tj ET Q q 0 0 0 rg BT 327.85 382.10 Td (relation ) Tj ET Q q 0 0 0 rg BT 360.89 382.10 Td (to ) Tj ET Q q 0 0 0 rg BT 371.17 382.10 Td (Family ) Tj ET Q q 0 0 0 rg BT 402.00 382.10 Td (Channel.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 364.10 Td (In ) Tj ET Q q 0 0 0 rg BT 96.90 364.10 Td (recent ) Tj ET Q q 0 0 0 rg BT 124.40 364.10 Td (years, ) Tj ET Q q 0 0 0 rg BT 151.07 364.10 Td (the ) Tj ET Q q 0 0 0 rg BT 166.36 364.10 Td (previous ) Tj ET Q q 0 0 0 rg BT 203.87 364.10 Td (owner ) Tj ET Q q 0 0 0 rg BT 231.93 364.10 Td (of ) Tj ET Q q 0 0 0 rg BT 243.34 364.10 Td (the ) Tj ET Q q 0 0 0 rg BT 258.63 364.10 Td (DHX ) Tj ET Q q 0 0 0 rg BT 283.14 364.10 Td (T) Tj ET Q q 0 0 0 rg BT 288.55 364.10 Td (elevision ) Tj ET Q q 0 0 0 rg BT 327.73 364.10 Td (business ) Tj ET Q q 0 0 0 rg BT 364.69 364.10 Td (launched ) Tj ET Q q 0 0 0 rg BT 403.86 364.10 Td (a ) Tj ET Q q 0 0 0 rg BT 411.37 364.10 Td (number ) Tj ET Q q 0 0 0 rg BT 444.99 364.10 Td (of ) Tj ET Q q 0 0 0 rg BT 456.39 364.10 Td (digital ) Tj ET Q q 0 0 0 rg BT 485.02 364.10 Td (television ) Tj ET Q q 0 0 0 rg BT 526.97 364.10 Td (specialty ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 352.10 Td (services ) Tj ET Q q 0 0 0 rg BT 102.12 352.10 Td (and ) Tj ET Q q 0 0 0 rg BT 118.96 352.10 Td (new ) Tj ET Q q 0 0 0 rg BT 138.03 352.10 Td (programming ) Tj ET Q q 0 0 0 rg BT 194.88 352.10 Td (channels, ) Tj ET Q q 0 0 0 rg BT 234.77 352.10 Td (and ) Tj ET Q q 0 0 0 rg BT 251.62 352.10 Td (was ) Tj ET Q q 0 0 0 rg BT 269.58 352.10 Td (able ) Tj ET Q q 0 0 0 rg BT 288.65 352.10 Td (to ) Tj ET Q q 0 0 0 rg BT 298.84 352.10 Td (limit ) Tj ET Q q 0 0 0 rg BT 320.14 352.10 Td (the ) Tj ET Q q 0 0 0 rg BT 334.76 352.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 364.38 352.10 Td (of ) Tj ET Q q 0 0 0 rg BT 375.12 352.10 Td (competition ) Tj ET Q q 0 0 0 rg BT 425.30 352.10 Td (by ) Tj ET Q q 0 0 0 rg BT 437.71 352.10 Td (delivering ) Tj ET Q q 0 0 0 rg BT 480.66 352.10 Td (strong ) Tj ET Q q 0 0 0 rg BT 508.07 352.10 Td (programming ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 340.10 Td (and ) Tj ET Q q 0 0 0 rg BT 84.09 340.10 Td (strengthening ) Tj ET Q q 0 0 0 rg BT 140.67 340.10 Td (its ) Tj ET Q q 0 0 0 rg BT 152.27 340.10 Td (brands. ) Tj ET Q q 0 0 0 rg BT 183.42 340.10 Td (The ) Tj ET Q q 0 0 0 rg BT 201.12 340.10 Td (DHX ) Tj ET Q q 0 0 0 rg BT 224.78 340.10 Td (T) Tj ET Q q 0 0 0 rg BT 230.19 340.10 Td (elevision ) Tj ET Q q 0 0 0 rg BT 268.44 340.10 Td (business ) Tj ET Q q 0 0 0 rg BT 304.49 340.10 Td (additionally ) Tj ET Q q 0 0 0 rg BT 354.40 340.10 Td (faces ) Tj ET Q q 0 0 0 rg BT 377.09 340.10 Td (the ) Tj ET Q q 0 0 0 rg BT 391.46 340.10 Td (emer) Tj ET Q q 0 0 0 rg BT 411.26 340.10 Td (gence ) Tj ET Q q 0 0 0 rg BT 436.73 340.10 Td (of ) Tj ET Q q 0 0 0 rg BT 447.21 340.10 Td (new ) Tj ET Q q 0 0 0 rg BT 466.02 340.10 Td (indirect ) Tj ET Q q 0 0 0 rg BT 498.71 340.10 Td (and ) Tj ET Q q 0 0 0 rg BT 515.30 340.10 Td (unregulated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 328.10 Td (competitors ) Tj ET Q q 0 0 0 rg BT 117.10 328.10 Td (such ) Tj ET Q q 0 0 0 rg BT 137.81 328.10 Td (as ) Tj ET Q q 0 0 0 rg BT 148.53 328.10 Td (personal ) Tj ET Q q 0 0 0 rg BT 184.79 328.10 Td (video ) Tj ET Q q 0 0 0 rg BT 209.39 328.10 Td (recorders, ) Tj ET Q q 0 0 0 rg BT 251.47 328.10 Td (mobile ) Tj ET Q q 0 0 0 rg BT 281.63 328.10 Td (television, ) Tj ET Q q 0 0 0 rg BT 325.40 328.10 Td (Internet ) Tj ET Q q 0 0 0 rg BT 358.88 328.10 Td (Protocol ) Tj ET Q q 0 0 0 rg BT 394.98 328.10 Td (TV) Tj ET Q q 0 0 0 rg BT 407.02 328.10 Td (, ) Tj ET Q q 0 0 0 rg BT 411.91 328.10 Td (Internet ) Tj ET Q q 0 0 0 rg BT 445.38 328.10 Td (television, ) Tj ET Q q 0 0 0 rg BT 489.15 328.10 Td (satellite ) Tj ET Q q 0 0 0 rg BT 522.64 328.10 Td (radio, ) Tj ET Q q 0 0 0 rg BT 548.07 328.10 Td (cell ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 316.10 Td (phone ) Tj ET Q q 0 0 0 rg BT 94.44 316.10 Td (radio, ) Tj ET Q q 0 0 0 rg BT 119.99 316.10 Td (OTT) Tj ET Q q 0 0 0 rg BT 139.24 316.10 Td ( ) Tj ET Q q 0 0 0 rg BT 141.74 316.10 Td (content, ) Tj ET Q q 0 0 0 rg BT 176.18 316.10 Td (tablets, ) Tj ET Q q 0 0 0 rg BT 207.28 316.10 Td (smartphones, ) Tj ET Q q 0 0 0 rg BT 262.83 316.10 Td (and ) Tj ET Q q 0 0 0 rg BT 279.77 316.10 Td (mobile ) Tj ET Q q 0 0 0 rg BT 310.04 316.10 Td (media ) Tj ET Q q 0 0 0 rg BT 336.97 316.10 Td (players.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 298.10 Td (Quality ) Tj ET Q q 0 0 0 rg BT 117.42 298.10 Td (programming ) Tj ET Q q 0 0 0 rg BT 173.77 298.10 Td (is ) Tj ET Q q 0 0 0 rg BT 182.36 298.10 Td (a ) Tj ET Q q 0 0 0 rg BT 188.72 298.10 Td (key ) Tj ET Q q 0 0 0 rg BT 205.08 298.10 Td (factor ) Tj ET Q q 0 0 0 rg BT 230.32 298.10 Td (driving ) Tj ET Q q 0 0 0 rg BT 261.13 298.10 Td (the ) Tj ET Q q 0 0 0 rg BT 275.27 298.10 Td (success ) Tj ET Q q 0 0 0 rg BT 307.18 298.10 Td (of ) Tj ET Q q 0 0 0 rg BT 317.43 298.10 Td (DHX) Tj ET Q q 0 0 0 rg BT 341.87 298.10 Td (s ) Tj ET Q q 0 0 0 rg BT 347.69 298.10 Td (television ) Tj ET Q q 0 0 0 rg BT 388.49 298.10 Td (services. ) Tj ET Q q 0 0 0 rg BT 425.12 298.10 Td (Increasing ) Tj ET Q q 0 0 0 rg BT 468.68 298.10 Td (competition ) Tj ET Q q 0 0 0 rg BT 518.37 298.10 Td (for ) Tj ET Q q 0 0 0 rg BT 531.96 298.10 Td (popular ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 286.10 Td (quality ) Tj ET Q q 0 0 0 rg BT 96.81 286.10 Td (programming ) Tj ET Q q 0 0 0 rg BT 152.78 286.10 Td (can ) Tj ET Q q 0 0 0 rg BT 168.20 286.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 191.94 286.10 Td (prohibitive ) Tj ET Q q 0 0 0 rg BT 237.36 286.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 255.01 286.10 Td (increases ) Tj ET Q q 0 0 0 rg BT 293.19 286.10 Td (that ) Tj ET Q q 0 0 0 rg BT 309.73 286.10 Td (may ) Tj ET Q q 0 0 0 rg BT 328.48 286.10 Td (prevent ) Tj ET Q q 0 0 0 rg BT 360.00 286.10 Td (DHX ) Tj ET Q q 0 0 0 rg BT 383.21 286.10 Td (from ) Tj ET Q q 0 0 0 rg BT 404.18 286.10 Td (renewing ) Tj ET Q q 0 0 0 rg BT 442.93 286.10 Td (supply ) Tj ET Q q 0 0 0 rg BT 471.14 286.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 518.21 286.10 Td (for ) Tj ET Q q 0 0 0 rg BT 531.41 286.10 Td (specific ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 274.10 Td (popular ) Tj ET Q q 0 0 0 rg BT 100.55 274.10 Td (programs ) Tj ET Q q 0 0 0 rg BT 140.82 274.10 Td (or ) Tj ET Q q 0 0 0 rg BT 151.65 274.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 190.24 274.10 Td (for ) Tj ET Q q 0 0 0 rg BT 204.40 274.10 Td (on-air ) Tj ET Q q 0 0 0 rg BT 230.78 274.10 Td (personalities.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 67.50 256.10 Td (Broadcast ) Tj ET Q q 0 0 0 rg BT 111.67 256.10 Td (Licenses ) Tj ET Q q 0 0 0 rg BT 149.72 256.10 Td (and ) Tj ET Q q 0 0 0 rg BT 167.78 256.10 Td (Goodwill) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 238.10 Td (As ) Tj ET Q q 0 0 0 rg BT 98.80 238.10 Td (disclosed ) Tj ET Q q 0 0 0 rg BT 138.21 238.10 Td (in ) Tj ET Q q 0 0 0 rg BT 148.18 238.10 Td (the ) Tj ET Q q 0 0 0 rg BT 162.58 238.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 185.88 238.10 Td (to ) Tj ET Q q 0 0 0 rg BT 195.85 238.10 Td (the ) Tj ET Q q 0 0 0 rg BT 210.25 238.10 Td (audited ) Tj ET Q q 0 0 0 rg BT 241.87 238.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 294.60 238.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 331.77 238.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 376.18 238.10 Td (for ) Tj ET Q q 0 0 0 rg BT 390.02 238.10 Td (the ) Tj ET Q q 0 0 0 rg BT 404.43 238.10 Td (year ) Tj ET Q q 0 0 0 rg BT 423.83 238.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 449.89 238.10 Td (June ) Tj ET Q q 0 0 0 rg BT 470.41 238.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 485.10 238.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 509.79 238.10 Td (the ) Tj ET Q q 0 0 0 rg BT 524.19 238.10 Td (broadcast ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 226.10 Td (licenses ) Tj ET Q q 0 0 0 rg BT 101.35 226.10 Td (and ) Tj ET Q q 0 0 0 rg BT 117.98 226.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 155.72 226.10 Td (are ) Tj ET Q q 0 0 0 rg BT 170.12 226.10 Td (not ) Tj ET Q q 0 0 0 rg BT 185.09 226.10 Td (amortized ) Tj ET Q q 0 0 0 rg BT 227.26 226.10 Td (but ) Tj ET Q q 0 0 0 rg BT 242.23 226.10 Td (are ) Tj ET Q q 0 0 0 rg BT 256.63 226.10 Td (tested ) Tj ET Q q 0 0 0 rg BT 282.15 226.10 Td (for ) Tj ET Q q 0 0 0 rg BT 296.00 226.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 344.29 226.10 Td (annually) Tj ET Q q 0 0 0 rg BT 378.08 226.10 Td (, ) Tj ET Q q 0 0 0 rg BT 382.77 226.10 Td (or ) Tj ET Q q 0 0 0 rg BT 393.29 226.10 Td (more ) Tj ET Q q 0 0 0 rg BT 416.03 226.10 Td (frequently ) Tj ET Q q 0 0 0 rg BT 459.31 226.10 Td (if ) Tj ET Q q 0 0 0 rg BT 467.61 226.10 Td (events ) Tj ET Q q 0 0 0 rg BT 495.35 226.10 Td (or ) Tj ET Q q 0 0 0 rg BT 505.87 226.10 Td (circumstances ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 214.10 Td (indicate ) Tj ET Q q 0 0 0 rg BT 101.45 214.10 Td (that ) Tj ET Q q 0 0 0 rg BT 118.74 214.10 Td (it ) Tj ET Q q 0 0 0 rg BT 126.59 214.10 Td (is ) Tj ET Q q 0 0 0 rg BT 135.56 214.10 Td (more ) Tj ET Q q 0 0 0 rg BT 158.40 214.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 183.47 214.10 Td (than ) Tj ET Q q 0 0 0 rg BT 202.98 214.10 Td (not ) Tj ET Q q 0 0 0 rg BT 218.06 214.10 Td (that ) Tj ET Q q 0 0 0 rg BT 235.35 214.10 Td (the ) Tj ET Q q 0 0 0 rg BT 249.86 214.10 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 290.48 214.10 Td (licenses ) Tj ET Q q 0 0 0 rg BT 324.43 214.10 Td (and ) Tj ET Q q 0 0 0 rg BT 341.16 214.10 Td (/ ) Tj ET Q q 0 0 0 rg BT 346.24 214.10 Td (or ) Tj ET Q q 0 0 0 rg BT 356.86 214.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 394.72 214.10 Td (value ) Tj ET Q q 0 0 0 rg BT 418.67 214.10 Td (might ) Tj ET Q q 0 0 0 rg BT 444.30 214.10 Td (be ) Tj ET Q q 0 0 0 rg BT 456.03 214.10 Td (impaired. ) Tj ET Q q 0 0 0 rg BT 496.21 214.10 Td (The ) Tj ET Q q 0 0 0 rg BT 514.05 214.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 530.22 214.10 Td (value ) Tj ET Q q 0 0 0 rg BT 554.17 214.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 202.10 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 108.23 202.10 Td (licenses ) Tj ET Q q 0 0 0 rg BT 142.29 202.10 Td (and ) Tj ET Q q 0 0 0 rg BT 159.14 202.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 197.10 202.10 Td (is ) Tj ET Q q 0 0 0 rg BT 206.18 202.10 Td (and ) Tj ET Q q 0 0 0 rg BT 223.03 202.10 Td (will ) Tj ET Q q 0 0 0 rg BT 241.00 202.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 277.84 202.10 Td (to ) Tj ET Q q 0 0 0 rg BT 288.03 202.10 Td (be ) Tj ET Q q 0 0 0 rg BT 299.88 202.10 Td (influenced ) Tj ET Q q 0 0 0 rg BT 344.49 202.10 Td (by ) Tj ET Q q 0 0 0 rg BT 356.90 202.10 Td (assumptions, ) Tj ET Q q 0 0 0 rg BT 411.26 202.10 Td (based ) Tj ET Q q 0 0 0 rg BT 436.44 202.10 Td (on ) Tj ET Q q 0 0 0 rg BT 448.85 202.10 Td (prevailing ) Tj ET Q q 0 0 0 rg BT 491.80 202.10 Td (general ) Tj ET Q q 0 0 0 rg BT 523.63 202.10 Td (economic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 190.10 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 113.44 190.10 Td (used ) Tj ET Q q 0 0 0 rg BT 133.54 190.10 Td (to ) Tj ET Q q 0 0 0 rg BT 143.08 190.10 Td (support ) Tj ET Q q 0 0 0 rg BT 174.85 190.10 Td (the ) Tj ET Q q 0 0 0 rg BT 188.84 190.10 Td (discounted ) Tj ET Q q 0 0 0 rg BT 233.94 190.10 Td (future ) Tj ET Q q 0 0 0 rg BT 259.58 190.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 279.12 190.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 303.11 190.10 Td (calculated ) Tj ET Q q 0 0 0 rg BT 345.41 190.10 Td (by ) Tj ET Q q 0 0 0 rg BT 357.18 190.10 Td (DHX ) Tj ET Q q 0 0 0 rg BT 380.62 190.10 Td (to ) Tj ET Q q 0 0 0 rg BT 390.16 190.10 Td (assess ) Tj ET Q q 0 0 0 rg BT 416.38 190.10 Td (the ) Tj ET Q q 0 0 0 rg BT 430.36 190.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 446.01 190.10 Td (value ) Tj ET Q q 0 0 0 rg BT 469.44 190.10 Td (of ) Tj ET Q q 0 0 0 rg BT 479.54 190.10 Td (its ) Tj ET Q q 0 0 0 rg BT 490.75 190.10 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 530.84 190.10 Td (licenses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 178.10 Td (and ) Tj ET Q q 0 0 0 rg BT 84.76 178.10 Td (goodwill. ) Tj ET Q q 0 0 0 rg BT 125.63 178.10 Td (During ) Tj ET Q q 0 0 0 rg BT 156.78 178.10 Td (an ) Tj ET Q q 0 0 0 rg BT 169.04 178.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 210.73 178.10 Td (downturn, ) Tj ET Q q 0 0 0 rg BT 254.38 178.10 Td (there ) Tj ET Q q 0 0 0 rg BT 277.18 178.10 Td (can ) Tj ET Q q 0 0 0 rg BT 293.88 178.10 Td (be ) Tj ET Q q 0 0 0 rg BT 306.14 178.10 Td (no ) Tj ET Q q 0 0 0 rg BT 318.96 178.10 Td (assurance ) Tj ET Q q 0 0 0 rg BT 360.64 178.10 Td (that ) Tj ET Q q 0 0 0 rg BT 378.46 178.10 Td (DHX) Tj ET Q q 0 0 0 rg BT 402.90 178.10 Td (s ) Tj ET Q q 0 0 0 rg BT 409.61 178.10 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 450.74 178.10 Td (licenses ) Tj ET Q q 0 0 0 rg BT 485.22 178.10 Td (and ) Tj ET Q q 0 0 0 rg BT 502.47 178.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 540.85 178.10 Td (value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 166.10 Td (would ) Tj ET Q q 0 0 0 rg BT 95.18 166.10 Td (not ) Tj ET Q q 0 0 0 rg BT 110.64 166.10 Td (be ) Tj ET Q q 0 0 0 rg BT 122.76 166.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 163.75 166.10 Td (af) Tj ET Q q 0 0 0 rg BT 171.34 166.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 198.45 166.10 Td (following ) Tj ET Q q 0 0 0 rg BT 240.01 166.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 274.90 166.10 Td (in ) Tj ET Q q 0 0 0 rg BT 285.36 166.10 Td (such ) Tj ET Q q 0 0 0 rg BT 306.37 166.10 Td (assumptions. ) Tj ET Q q 0 0 0 rg BT 361.00 166.10 Td (DHX ) Tj ET Q q 0 0 0 rg BT 385.35 166.10 Td (monitors ) Tj ET Q q 0 0 0 rg BT 423.58 166.10 Td (the ) Tj ET Q q 0 0 0 rg BT 438.48 166.10 Td (value ) Tj ET Q q 0 0 0 rg BT 462.82 166.10 Td (of ) Tj ET Q q 0 0 0 rg BT 473.83 166.10 Td (its ) Tj ET Q q 0 0 0 rg BT 485.96 166.10 Td (broadcasts ) Tj ET Q q 0 0 0 rg BT 530.84 166.10 Td (licenses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 154.10 Td (and ) Tj ET Q q 0 0 0 rg BT 84.46 154.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 122.53 154.10 Td (on ) Tj ET Q q 0 0 0 rg BT 135.05 154.10 Td (an ) Tj ET Q q 0 0 0 rg BT 147.00 154.10 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 182.30 154.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 204.81 154.10 Td (and ) Tj ET Q q 0 0 0 rg BT 221.77 154.10 Td (any ) Tj ET Q q 0 0 0 rg BT 238.73 154.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 273.45 154.10 Td (to ) Tj ET Q q 0 0 0 rg BT 283.75 154.10 Td (their ) Tj ET Q q 0 0 0 rg BT 304.59 154.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 320.98 154.10 Td (value ) Tj ET Q q 0 0 0 rg BT 345.15 154.10 Td (would ) Tj ET Q q 0 0 0 rg BT 372.67 154.10 Td (be ) Tj ET Q q 0 0 0 rg BT 384.63 154.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 431.01 154.10 Td (as ) Tj ET Q q 0 0 0 rg BT 441.85 154.10 Td (a ) Tj ET Q q 0 0 0 rg BT 448.81 154.10 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 487.42 154.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 536.04 154.10 Td (char) Tj ET Q q 0 0 0 rg BT 553.07 154.10 Td (ge ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 142.10 Td (on ) Tj ET Q q 0 0 0 rg BT 80.00 142.10 Td (the ) Tj ET Q q 0 0 0 rg BT 94.72 142.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 147.76 142.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 192.47 142.10 Td (of ) Tj ET Q q 0 0 0 rg BT 203.30 142.10 Td (earnings.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 67.50 124.10 Td (New ) Tj ET Q q 0 0 0 rg BT 88.33 124.10 Td (Business) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 106.10 Td (T) Tj ET Q q 0 0 0 rg BT 90.91 106.10 Td (elevision ) Tj ET Q q 0 0 0 rg BT 129.96 106.10 Td (broadcasting ) Tj ET Q q 0 0 0 rg BT 184.00 106.10 Td (is ) Tj ET Q q 0 0 0 rg BT 193.62 106.10 Td (a ) Tj ET Q q 0 0 0 rg BT 201.01 106.10 Td (relatively ) Tj ET Q q 0 0 0 rg BT 241.72 106.10 Td (new ) Tj ET Q q 0 0 0 rg BT 261.32 106.10 Td (business ) Tj ET Q q 0 0 0 rg BT 298.16 106.10 Td (for ) Tj ET Q q 0 0 0 rg BT 312.77 106.10 Td (the ) Tj ET Q q 0 0 0 rg BT 327.94 106.10 Td (Company) Tj ET Q q 0 0 0 rg BT 366.17 106.10 Td (. ) Tj ET Q q 0 0 0 rg BT 370.97 106.10 Td (Although ) Tj ET Q q 0 0 0 rg BT 411.70 106.10 Td (the ) Tj ET Q q 0 0 0 rg BT 426.86 106.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 468.70 106.10 Td (expects ) Tj ET Q q 0 0 0 rg BT 501.63 106.10 Td (to ) Tj ET Q q 0 0 0 rg BT 512.36 106.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 543.07 106.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 94.10 Td (the ) Tj ET Q q 0 0 0 rg BT 82.82 94.10 Td (experience ) Tj ET Q q 0 0 0 rg BT 129.22 94.10 Td (that ) Tj ET Q q 0 0 0 rg BT 147.32 94.10 Td (its ) Tj ET Q q 0 0 0 rg BT 159.87 94.10 Td (management ) Tj ET Q q 0 0 0 rg BT 214.06 94.10 Td (team ) Tj ET Q q 0 0 0 rg BT 236.60 94.10 Td (has ) Tj ET Q q 0 0 0 rg BT 253.03 94.10 Td (gained ) Tj ET Q q 0 0 0 rg BT 282.79 94.10 Td (while ) Tj ET Q q 0 0 0 rg BT 308.10 94.10 Td (working ) Tj ET Q q 0 0 0 rg BT 344.54 94.10 Td (in ) Tj ET Q q 0 0 0 rg BT 355.42 94.10 Td (the ) Tj ET Q q 0 0 0 rg BT 370.74 94.10 Td (television ) Tj ET Q q 0 0 0 rg BT 412.72 94.10 Td (industry) Tj ET Q q 0 0 0 rg BT 444.85 94.10 Td (, ) Tj ET Q q 0 0 0 rg BT 450.45 94.10 Td (and ) Tj ET Q q 0 0 0 rg BT 467.99 94.10 Td (the ) Tj ET Q q 0 0 0 rg BT 483.31 94.10 Td (strong ) Tj ET Q q 0 0 0 rg BT 511.41 94.10 Td (management ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 82.10 Td (team ) Tj ET Q q 0 0 0 rg BT 89.09 82.10 Td (at ) Tj ET Q q 0 0 0 rg BT 98.46 82.10 Td (DHX ) Tj ET Q q 0 0 0 rg BT 122.27 82.10 Td (\(including ) Tj ET Q q 0 0 0 rg BT 165.53 82.10 Td (those ) Tj ET Q q 0 0 0 rg BT 188.79 82.10 Td (managers ) Tj ET Q q 0 0 0 rg BT 229.26 82.10 Td (that ) Tj ET Q q 0 0 0 rg BT 246.40 82.10 Td (have ) Tj ET Q q 0 0 0 rg BT 267.43 82.10 Td (transitioned ) Tj ET Q q 0 0 0 rg BT 316.80 82.10 Td (to ) Tj ET Q q 0 0 0 rg BT 326.73 82.10 Td (DHX ) Tj ET Q q 0 0 0 rg BT 350.55 82.10 Td (in ) Tj ET Q q 0 0 0 rg BT 360.48 82.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 406.50 82.10 Td (with ) Tj ET Q q 0 0 0 rg BT 426.43 82.10 Td (the ) Tj ET Q q 0 0 0 rg BT 440.80 82.10 Td (completion ) Tj ET Q q 0 0 0 rg BT 487.94 82.10 Td (of ) Tj ET Q q 0 0 0 rg BT 498.43 82.10 Td (the ) Tj ET Q q 0 0 0 rg BT 512.79 82.10 Td (acquisition\), ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 70.10 Td (the ) Tj ET Q q 0 0 0 rg BT 82.71 70.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 124.59 70.10 Td (may ) Tj ET Q q 0 0 0 rg BT 144.81 70.10 Td (be ) Tj ET Q q 0 0 0 rg BT 157.24 70.10 Td (less ) Tj ET Q q 0 0 0 rg BT 175.24 70.10 Td (successful ) Tj ET Q q 0 0 0 rg BT 219.33 70.10 Td (in ) Tj ET Q q 0 0 0 rg BT 230.10 70.10 Td (implementing ) Tj ET Q q 0 0 0 rg BT 288.65 70.10 Td (its ) Tj ET Q q 0 0 0 rg BT 301.09 70.10 Td (business ) Tj ET Q q 0 0 0 rg BT 337.98 70.10 Td (strategy ) Tj ET Q q 0 0 0 rg BT 372.63 70.10 Td (than ) Tj ET Q q 0 0 0 rg BT 392.84 70.10 Td (a ) Tj ET Q q 0 0 0 rg BT 400.28 70.10 Td (more ) Tj ET Q q 0 0 0 rg BT 423.82 70.10 Td (seasoned ) Tj ET Q q 0 0 0 rg BT 462.91 70.10 Td (broadcasting ) Tj ET Q q 0 0 0 rg BT 517.00 70.10 Td (entity) Tj ET Q q 0 0 0 rg BT 539.13 70.10 Td (. ) Tj ET Q q 0 0 0 rg BT 543.96 70.10 Td (As ) Tj ET Q q 0 0 0 rg BT 558.07 70.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 58.10 Td (result, ) Tj ET Q q 0 0 0 rg BT 94.94 58.10 Td (DHX ) Tj ET Q q 0 0 0 rg BT 119.33 58.10 Td (may ) Tj ET Q q 0 0 0 rg BT 139.27 58.10 Td (experience ) Tj ET Q q 0 0 0 rg BT 185.29 58.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 230.23 58.10 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 280.17 58.10 Td (in ) Tj ET Q q 0 0 0 rg BT 290.67 58.10 Td (its ) Tj ET Q q 0 0 0 rg BT 302.84 58.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 343.33 58.10 Td (results ) Tj ET Q q 0 0 0 rg BT 372.16 58.10 Td (and ) Tj ET Q q 0 0 0 rg BT 389.32 58.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 407.03 58.10 Td (of ) Tj ET Q q 0 0 0 rg BT 418.08 58.10 Td (growth, ) Tj ET Q q 0 0 0 rg BT 451.64 58.10 Td (which ) Tj ET Q q 0 0 0 rg BT 478.80 58.10 Td (may ) Tj ET Q q 0 0 0 rg BT 498.74 58.10 Td (vary ) Tj ET Q q 0 0 0 rg BT 519.23 58.10 Td (from ) Tj ET Q q 0 0 0 rg BT 541.39 58.10 Td (those ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 46.10 Td (projected ) Tj ET Q q 0 0 0 rg BT 107.41 46.10 Td (by ) Tj ET Q q 0 0 0 rg BT 120.12 46.10 Td (management. ) Tj ET Q q 0 0 0 rg BT 176.41 46.10 Td (In ) Tj ET Q q 0 0 0 rg BT 187.45 46.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 225.43 46.10 Td (the ) Tj ET Q q 0 0 0 rg BT 240.36 46.10 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 308.60 46.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 353.52 46.10 Td (contained ) Tj ET Q q 0 0 0 rg BT 395.10 46.10 Td (in ) Tj ET Q q 0 0 0 rg BT 405.59 46.10 Td (the ) Tj ET Q q 0 0 0 rg BT 420.51 46.10 Td (Company) Tj ET Q q 0 0 0 rg BT 462.18 46.10 Td (s ) Tj ET Q q 0 0 0 rg BT 468.77 46.10 Td (MD&A) Tj ET Q q 0 0 0 rg BT 499.34 46.10 Td ( ) Tj ET Q q 0 0 0 rg BT 502.04 46.10 Td (about ) Tj ET Q q 0 0 0 rg BT 526.97 46.10 Td (expected ) Tj ET Q endstream endobj 73 0 obj <> endobj 74 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6 0.6 0.6 rg BT 301.00 31.60 Td (36) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 67.50 742.10 Td (future ) Tj ET Q q 0 0 0 rg BT 93.82 742.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 134.03 742.10 Td (results ) Tj ET Q q 0 0 0 rg BT 162.58 742.10 Td (are ) Tj ET Q q 0 0 0 rg BT 177.23 742.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 208.00 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 218.22 742.10 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 271.76 742.10 Td (that ) Tj ET Q q 0 0 0 rg BT 289.19 742.10 Td (are ) Tj ET Q q 0 0 0 rg BT 303.85 742.10 Td (due, ) Tj ET Q q 0 0 0 rg BT 323.23 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 333.45 742.10 Td (part, ) Tj ET Q q 0 0 0 rg BT 353.94 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 364.16 742.10 Td (DHX) Tj ET Q q 0 0 0 rg BT 388.61 742.10 Td (s ) Tj ET Q q 0 0 0 rg BT 394.94 742.10 Td (lack ) Tj ET Q q 0 0 0 rg BT 414.04 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 424.81 742.10 Td (an ) Tj ET Q q 0 0 0 rg BT 436.70 742.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 476.90 742.10 Td (history) Tj ET Q q 0 0 0 rg BT 504.03 742.10 Td (. ) Tj ET Q q 0 0 0 rg BT 508.98 742.10 Td (No ) Tj ET Q q 0 0 0 rg BT 523.64 742.10 Td (assurance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 730.10 Td (can ) Tj ET Q q 0 0 0 rg BT 83.19 730.10 Td (be ) Tj ET Q q 0 0 0 rg BT 94.44 730.10 Td (given ) Tj ET Q q 0 0 0 rg BT 118.47 730.10 Td (that ) Tj ET Q q 0 0 0 rg BT 135.28 730.10 Td (DHX ) Tj ET Q q 0 0 0 rg BT 158.76 730.10 Td (will ) Tj ET Q q 0 0 0 rg BT 176.13 730.10 Td (be ) Tj ET Q q 0 0 0 rg BT 187.38 730.10 Td (successful ) Tj ET Q q 0 0 0 rg BT 230.29 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 239.88 730.10 Td (implementing ) Tj ET Q q 0 0 0 rg BT 297.24 730.10 Td (its ) Tj ET Q q 0 0 0 rg BT 308.50 730.10 Td (business ) Tj ET Q q 0 0 0 rg BT 344.21 730.10 Td (strategy ) Tj ET Q q 0 0 0 rg BT 377.68 730.10 Td (or ) Tj ET Q q 0 0 0 rg BT 387.82 730.10 Td (that ) Tj ET Q q 0 0 0 rg BT 404.63 730.10 Td (it ) Tj ET Q q 0 0 0 rg BT 412.00 730.10 Td (will ) Tj ET Q q 0 0 0 rg BT 429.37 730.10 Td (achieve ) Tj ET Q q 0 0 0 rg BT 461.71 730.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 499.06 730.10 Td (future ) Tj ET Q q 0 0 0 rg BT 524.75 730.10 Td (operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 718.10 Td (results ) Tj ET Q q 0 0 0 rg BT 96.00 718.10 Td (which ) Tj ET Q q 0 0 0 rg BT 122.84 718.10 Td (could ) Tj ET Q q 0 0 0 rg BT 147.45 718.10 Td (have ) Tj ET Q q 0 0 0 rg BT 168.72 718.10 Td (a ) Tj ET Q q 0 0 0 rg BT 175.55 718.10 Td (material ) Tj ET Q q 0 0 0 rg BT 210.71 718.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 243.64 718.10 Td (ef) Tj ET Q q 0 0 0 rg BT 251.23 718.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 268.61 718.10 Td (on ) Tj ET Q q 0 0 0 rg BT 281.00 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 295.62 718.10 Td (Company) Tj ET Q q 0 0 0 rg BT 337.28 718.10 Td (s ) Tj ET Q q 0 0 0 rg BT 343.57 718.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 363.73 718.10 Td (flows, ) Tj ET Q q 0 0 0 rg BT 390.85 718.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 428.22 718.10 Td (condition ) Tj ET Q q 0 0 0 rg BT 468.39 718.10 Td (or ) Tj ET Q q 0 0 0 rg BT 479.12 718.10 Td (results ) Tj ET Q q 0 0 0 rg BT 507.62 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 518.34 718.10 Td (operations.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 67.50 697.80 Td (Disclosur) Tj ET Q q 0 0 0 rg BT 111.30 697.80 Td (e Contr) Tj ET Q q 0 0 0 rg BT 146.84 697.80 Td (ols and Pr) Tj ET Q q 0 0 0 rg BT 194.32 697.80 Td (ocedur) Tj ET Q q 0 0 0 rg BT 226.50 697.80 Td (es and Internal Contr) Tj ET Q q 0 0 0 rg BT 328.06 697.80 Td (ol over) Tj ET Q q 0 0 0 rg BT 359.93 697.80 Td ( Financial Reporting) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 679.80 Td (The ) Tj ET Q q 0 0 0 rg BT 103.50 679.80 Td (Company) Tj ET Q q 0 0 0 rg BT 145.16 679.80 Td (s ) Tj ET Q q 0 0 0 rg BT 151.50 679.80 Td (Chief ) Tj ET Q q 0 0 0 rg BT 176.17 679.80 Td (Executive ) Tj ET Q q 0 0 0 rg BT 218.60 679.80 Td (Of) Tj ET Q q 0 0 0 rg BT 228.97 679.80 Td (ficer ) Tj ET Q q 0 0 0 rg BT 249.73 679.80 Td (\() Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 253.06 679.80 Td (CEO) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.73 679.80 Td (\) ) Tj ET Q q 0 0 0 rg BT 290.51 679.80 Td (and ) Tj ET Q q 0 0 0 rg BT 307.40 679.80 Td (Chief ) Tj ET Q q 0 0 0 rg BT 332.06 679.80 Td (Financial ) Tj ET Q q 0 0 0 rg BT 371.72 679.80 Td (Of) Tj ET Q q 0 0 0 rg BT 382.09 679.80 Td (ficer ) Tj ET Q q 0 0 0 rg BT 402.86 679.80 Td (\() Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 406.19 679.80 Td (CFO) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.30 679.80 Td (\) ) Tj ET Q q 0 0 0 rg BT 443.08 679.80 Td (have ) Tj ET Q q 0 0 0 rg BT 464.40 679.80 Td (designed ) Tj ET Q q 0 0 0 rg BT 502.40 679.80 Td (or ) Tj ET Q q 0 0 0 rg BT 513.18 679.80 Td (caused ) Tj ET Q q 0 0 0 rg BT 542.83 679.80 Td (to ) Tj ET Q q 0 0 0 rg BT 553.06 679.80 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 667.80 Td (designed ) Tj ET Q q 0 0 0 rg BT 104.75 667.80 Td (under ) Tj ET Q q 0 0 0 rg BT 129.21 667.80 Td (their ) Tj ET Q q 0 0 0 rg BT 149.24 667.80 Td (supervision, ) Tj ET Q q 0 0 0 rg BT 199.54 667.80 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 241.79 667.80 Td (controls ) Tj ET Q q 0 0 0 rg BT 275.70 667.80 Td (and ) Tj ET Q q 0 0 0 rg BT 291.84 667.80 Td (procedures ) Tj ET Q q 0 0 0 rg BT 337.40 667.80 Td (to ) Tj ET Q q 0 0 0 rg BT 346.88 667.80 Td (provide ) Tj ET Q q 0 0 0 rg BT 379.13 667.80 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 423.58 667.80 Td (assurance ) Tj ET Q q 0 0 0 rg BT 464.14 667.80 Td (that ) Tj ET Q q 0 0 0 rg BT 480.84 667.80 Td (material ) Tj ET Q q 0 0 0 rg BT 515.29 667.80 Td (information ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 655.80 Td (is ) Tj ET Q q 0 0 0 rg BT 75.75 655.80 Td (gathered ) Tj ET Q q 0 0 0 rg BT 111.75 655.80 Td (and ) Tj ET Q q 0 0 0 rg BT 127.77 655.80 Td (reported ) Tj ET Q q 0 0 0 rg BT 162.66 655.80 Td (to ) Tj ET Q q 0 0 0 rg BT 172.02 655.80 Td (senior ) Tj ET Q q 0 0 0 rg BT 198.04 655.80 Td (management ) Tj ET Q q 0 0 0 rg BT 250.70 655.80 Td (to ) Tj ET Q q 0 0 0 rg BT 260.06 655.80 Td (permit ) Tj ET Q q 0 0 0 rg BT 287.74 655.80 Td (timely ) Tj ET Q q 0 0 0 rg BT 314.87 655.80 Td (decisions ) Tj ET Q q 0 0 0 rg BT 353.67 655.80 Td (regarding ) Tj ET Q q 0 0 0 rg BT 393.56 655.80 Td (public ) Tj ET Q q 0 0 0 rg BT 420.14 655.80 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 462.26 655.80 Td (and ) Tj ET Q q 0 0 0 rg BT 478.28 655.80 Td (to ) Tj ET Q q 0 0 0 rg BT 487.64 655.80 Td (provide ) Tj ET Q q 0 0 0 rg BT 519.76 655.80 Td (reasonable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 643.80 Td (assurance ) Tj ET Q q 0 0 0 rg BT 107.77 643.80 Td (that ) Tj ET Q q 0 0 0 rg BT 124.16 643.80 Td (the ) Tj ET Q q 0 0 0 rg BT 137.77 643.80 Td (information ) Tj ET Q q 0 0 0 rg BT 186.38 643.80 Td (required ) Tj ET Q q 0 0 0 rg BT 221.10 643.80 Td (to ) Tj ET Q q 0 0 0 rg BT 230.27 643.80 Td (be ) Tj ET Q q 0 0 0 rg BT 241.11 643.80 Td (disclosed ) Tj ET Q q 0 0 0 rg BT 279.72 643.80 Td (in ) Tj ET Q q 0 0 0 rg BT 288.90 643.80 Td (reports ) Tj ET Q q 0 0 0 rg BT 318.07 643.80 Td (that ) Tj ET Q q 0 0 0 rg BT 334.46 643.80 Td (are ) Tj ET Q q 0 0 0 rg BT 348.06 643.80 Td (filed ) Tj ET Q q 0 0 0 rg BT 367.79 643.80 Td (or ) Tj ET Q q 0 0 0 rg BT 377.52 643.80 Td (submitted ) Tj ET Q q 0 0 0 rg BT 418.36 643.80 Td (under ) Tj ET Q q 0 0 0 rg BT 442.52 643.80 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 481.69 643.80 Td (securities ) Tj ET Q q 0 0 0 rg BT 520.85 643.80 Td (legislation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 631.80 Td (is ) Tj ET Q q 0 0 0 rg BT 76.67 631.80 Td (recorded, ) Tj ET Q q 0 0 0 rg BT 116.65 631.80 Td (processed, ) Tj ET Q q 0 0 0 rg BT 161.07 631.80 Td (summarized, ) Tj ET Q q 0 0 0 rg BT 214.95 631.80 Td (and ) Tj ET Q q 0 0 0 rg BT 231.88 631.80 Td (reported ) Tj ET Q q 0 0 0 rg BT 267.70 631.80 Td (within ) Tj ET Q q 0 0 0 rg BT 295.76 631.80 Td (the ) Tj ET Q q 0 0 0 rg BT 310.47 631.80 Td (time ) Tj ET Q q 0 0 0 rg BT 330.75 631.80 Td (period ) Tj ET Q q 0 0 0 rg BT 358.79 631.80 Td (specified ) Tj ET Q q 0 0 0 rg BT 397.39 631.80 Td (in ) Tj ET Q q 0 0 0 rg BT 407.67 631.80 Td (those ) Tj ET Q q 0 0 0 rg BT 431.27 631.80 Td (rules.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 613.80 Td (The ) Tj ET Q q 0 0 0 rg BT 102.56 613.80 Td (CEO ) Tj ET Q q 0 0 0 rg BT 124.08 613.80 Td (and ) Tj ET Q q 0 0 0 rg BT 140.03 613.80 Td (the ) Tj ET Q q 0 0 0 rg BT 153.77 613.80 Td (CFO ) Tj ET Q q 0 0 0 rg BT 174.74 613.80 Td (have ) Tj ET Q q 0 0 0 rg BT 195.13 613.80 Td (also ) Tj ET Q q 0 0 0 rg BT 212.75 613.80 Td (designed, ) Tj ET Q q 0 0 0 rg BT 252.32 613.80 Td (or ) Tj ET Q q 0 0 0 rg BT 262.16 613.80 Td (caused ) Tj ET Q q 0 0 0 rg BT 290.89 613.80 Td (to ) Tj ET Q q 0 0 0 rg BT 300.18 613.80 Td (be ) Tj ET Q q 0 0 0 rg BT 311.13 613.80 Td (designed ) Tj ET Q q 0 0 0 rg BT 348.20 613.80 Td (under ) Tj ET Q q 0 0 0 rg BT 372.48 613.80 Td (their ) Tj ET Q q 0 0 0 rg BT 392.32 613.80 Td (supervision, ) Tj ET Q q 0 0 0 rg BT 442.45 613.80 Td (internal ) Tj ET Q q 0 0 0 rg BT 474.51 613.80 Td (controls ) Tj ET Q q 0 0 0 rg BT 508.24 613.80 Td (over ) Tj ET Q q 0 0 0 rg BT 527.52 613.80 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 601.80 Td (reporting ) Tj ET Q q 0 0 0 rg BT 107.72 601.80 Td (to ) Tj ET Q q 0 0 0 rg BT 119.07 601.80 Td (provide ) Tj ET Q q 0 0 0 rg BT 153.19 601.80 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 199.51 601.80 Td (assurance ) Tj ET Q q 0 0 0 rg BT 241.94 601.80 Td (regarding ) Tj ET Q q 0 0 0 rg BT 283.83 601.80 Td (the ) Tj ET Q q 0 0 0 rg BT 299.61 601.80 Td (reliability ) Tj ET Q q 0 0 0 rg BT 342.06 601.80 Td (of ) Tj ET Q q 0 0 0 rg BT 353.96 601.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 392.50 601.80 Td (reporting ) Tj ET Q q 0 0 0 rg BT 432.73 601.80 Td (and ) Tj ET Q q 0 0 0 rg BT 450.74 601.80 Td (the ) Tj ET Q q 0 0 0 rg BT 466.52 601.80 Td (preparation ) Tj ET Q q 0 0 0 rg BT 515.62 601.80 Td (of ) Tj ET Q q 0 0 0 rg BT 527.52 601.80 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 589.80 Td (statements ) Tj ET Q q 0 0 0 rg BT 112.21 589.80 Td (for ) Tj ET Q q 0 0 0 rg BT 126.37 589.80 Td (external ) Tj ET Q q 0 0 0 rg BT 161.07 589.80 Td (purposes. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 571.80 Td (In ) Tj ET Q q 0 0 0 rg BT 95.75 571.80 Td (its ) Tj ET Q q 0 0 0 rg BT 107.12 571.80 Td (annual ) Tj ET Q q 0 0 0 rg BT 135.69 571.80 Td (filings ) Tj ET Q q 0 0 0 rg BT 163.17 571.80 Td (dated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.75 571.80 Td (September ) Tj ET Q q 0 0 0 rg BT 231.43 571.80 Td (28, ) Tj ET Q q 0 0 0 rg BT 245.85 571.80 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.85 571.80 Td (, ) Tj ET Q q 0 0 0 rg BT 270.27 571.80 Td (the ) Tj ET Q q 0 0 0 rg BT 284.41 571.80 Td (CEO ) Tj ET Q q 0 0 0 rg BT 306.33 571.80 Td (and ) Tj ET Q q 0 0 0 rg BT 322.69 571.80 Td (the ) Tj ET Q q 0 0 0 rg BT 336.83 571.80 Td (CFO, ) Tj ET Q q 0 0 0 rg BT 360.70 571.80 Td (after ) Tj ET Q q 0 0 0 rg BT 380.94 571.80 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 424.51 571.80 Td (the ) Tj ET Q q 0 0 0 rg BT 438.64 571.80 Td (ef) Tj ET Q q 0 0 0 rg BT 446.23 571.80 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 492.58 571.80 Td (of ) Tj ET Q q 0 0 0 rg BT 502.83 571.80 Td (the ) Tj ET Q q 0 0 0 rg BT 516.96 571.80 Td (Company) Tj ET Q q 0 0 0 rg BT 558.63 571.80 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 559.80 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 110.34 559.80 Td (controls ) Tj ET Q q 0 0 0 rg BT 144.85 559.80 Td (and ) Tj ET Q q 0 0 0 rg BT 161.58 559.80 Td (procedures, ) Tj ET Q q 0 0 0 rg BT 210.24 559.80 Td (and ) Tj ET Q q 0 0 0 rg BT 226.97 559.80 Td (internal ) Tj ET Q q 0 0 0 rg BT 259.80 559.80 Td (control ) Tj ET Q q 0 0 0 rg BT 290.42 559.80 Td (over ) Tj ET Q q 0 0 0 rg BT 310.48 559.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 347.76 559.80 Td (reporting, ) Tj ET Q q 0 0 0 rg BT 389.20 559.80 Td (concluded ) Tj ET Q q 0 0 0 rg BT 432.59 559.80 Td (that ) Tj ET Q q 0 0 0 rg BT 449.88 559.80 Td (as ) Tj ET Q q 0 0 0 rg BT 460.50 559.80 Td (at ) Tj ET Q q 0 0 0 rg BT 470.01 559.80 Td (June ) Tj ET Q q 0 0 0 rg BT 490.63 559.80 Td (30, ) Tj ET Q q 0 0 0 rg BT 505.42 559.80 Td (2016, ) Tj ET Q q 0 0 0 rg BT 530.22 559.80 Td (both ) Tj ET Q q 0 0 0 rg BT 550.29 559.80 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 547.80 Td (Company) Tj ET Q q 0 0 0 rg BT 109.17 547.80 Td (s ) Tj ET Q q 0 0 0 rg BT 116.30 547.80 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 160.10 547.80 Td (controls ) Tj ET Q q 0 0 0 rg BT 195.56 547.80 Td (and ) Tj ET Q q 0 0 0 rg BT 213.24 547.80 Td (procedures, ) Tj ET Q q 0 0 0 rg BT 262.86 547.80 Td (and ) Tj ET Q q 0 0 0 rg BT 280.54 547.80 Td (internal ) Tj ET Q q 0 0 0 rg BT 314.33 547.80 Td (control ) Tj ET Q q 0 0 0 rg BT 345.90 547.80 Td (over ) Tj ET Q q 0 0 0 rg BT 366.92 547.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 405.14 547.80 Td (reporting ) Tj ET Q q 0 0 0 rg BT 445.04 547.80 Td (were ) Tj ET Q q 0 0 0 rg BT 467.72 547.80 Td (operating ) Tj ET Q q 0 0 0 rg BT 508.73 547.80 Td (ef) Tj ET Q q 0 0 0 rg BT 516.32 547.80 Td (fectively) Tj ET Q q 0 0 0 rg BT 550.65 547.80 Td (. ) Tj ET Q q 0 0 0 rg BT 556.39 547.80 Td (It ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 535.80 Td (should ) Tj ET Q q 0 0 0 rg BT 96.31 535.80 Td (be ) Tj ET Q q 0 0 0 rg BT 107.89 535.80 Td (noted ) Tj ET Q q 0 0 0 rg BT 132.25 535.80 Td (that ) Tj ET Q q 0 0 0 rg BT 149.39 535.80 Td (a ) Tj ET Q q 0 0 0 rg BT 155.97 535.80 Td (control ) Tj ET Q q 0 0 0 rg BT 186.44 535.80 Td (system, ) Tj ET Q q 0 0 0 rg BT 218.86 535.80 Td (no ) Tj ET Q q 0 0 0 rg BT 231.00 535.80 Td (matter ) Tj ET Q q 0 0 0 rg BT 258.69 535.80 Td (how ) Tj ET Q q 0 0 0 rg BT 278.05 535.80 Td (well ) Tj ET Q q 0 0 0 rg BT 297.41 535.80 Td (conceived ) Tj ET Q q 0 0 0 rg BT 340.09 535.80 Td (and ) Tj ET Q q 0 0 0 rg BT 356.67 535.80 Td (operated, ) Tj ET Q q 0 0 0 rg BT 395.73 535.80 Td (can ) Tj ET Q q 0 0 0 rg BT 411.75 535.80 Td (provide ) Tj ET Q q 0 0 0 rg BT 444.44 535.80 Td (only ) Tj ET Q q 0 0 0 rg BT 464.36 535.80 Td (reasonable, ) Tj ET Q q 0 0 0 rg BT 511.76 535.80 Td (not ) Tj ET Q q 0 0 0 rg BT 526.68 535.80 Td (absolute, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 523.80 Td (assurance ) Tj ET Q q 0 0 0 rg BT 109.65 523.80 Td (that ) Tj ET Q q 0 0 0 rg BT 127.93 523.80 Td (the ) Tj ET Q q 0 0 0 rg BT 143.43 523.80 Td (objectives ) Tj ET Q q 0 0 0 rg BT 187.25 523.80 Td (of ) Tj ET Q q 0 0 0 rg BT 198.86 523.80 Td (the ) Tj ET Q q 0 0 0 rg BT 214.36 523.80 Td (control ) Tj ET Q q 0 0 0 rg BT 245.97 523.80 Td (system ) Tj ET Q q 0 0 0 rg BT 277.03 523.80 Td (are ) Tj ET Q q 0 0 0 rg BT 292.52 523.80 Td (met. ) Tj ET Q q 0 0 0 rg BT 313.30 523.80 Td (Because ) Tj ET Q q 0 0 0 rg BT 349.90 523.80 Td (of ) Tj ET Q q 0 0 0 rg BT 361.51 523.80 Td (the ) Tj ET Q q 0 0 0 rg BT 377.01 523.80 Td (inherent ) Tj ET Q q 0 0 0 rg BT 413.06 523.80 Td (limitations ) Tj ET Q q 0 0 0 rg BT 459.12 523.80 Td (in ) Tj ET Q q 0 0 0 rg BT 470.18 523.80 Td (all ) Tj ET Q q 0 0 0 rg BT 483.46 523.80 Td (control ) Tj ET Q q 0 0 0 rg BT 515.07 523.80 Td (systems, ) Tj ET Q q 0 0 0 rg BT 552.52 523.80 Td (no ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 511.80 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 111.93 511.80 Td (of ) Tj ET Q q 0 0 0 rg BT 123.03 511.80 Td (controls ) Tj ET Q q 0 0 0 rg BT 158.02 511.80 Td (can ) Tj ET Q q 0 0 0 rg BT 174.68 511.80 Td (provide ) Tj ET Q q 0 0 0 rg BT 208.00 511.80 Td (absolute ) Tj ET Q q 0 0 0 rg BT 244.10 511.80 Td (assurance ) Tj ET Q q 0 0 0 rg BT 285.74 511.80 Td (that ) Tj ET Q q 0 0 0 rg BT 303.52 511.80 Td (all ) Tj ET Q q 0 0 0 rg BT 316.29 511.80 Td (control ) Tj ET Q q 0 0 0 rg BT 347.39 511.80 Td (issues, ) Tj ET Q q 0 0 0 rg BT 376.56 511.80 Td (including ) Tj ET Q q 0 0 0 rg BT 417.10 511.80 Td (instances ) Tj ET Q q 0 0 0 rg BT 456.54 511.80 Td (of ) Tj ET Q q 0 0 0 rg BT 467.64 511.80 Td (fraud, ) Tj ET Q q 0 0 0 rg BT 494.02 511.80 Td (if ) Tj ET Q q 0 0 0 rg BT 502.90 511.80 Td (any) Tj ET Q q 0 0 0 rg BT 516.69 511.80 Td (, ) Tj ET Q q 0 0 0 rg BT 521.97 511.80 Td (have ) Tj ET Q q 0 0 0 rg BT 543.62 511.80 Td (been ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 499.80 Td (detected.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 481.80 Td (There ) Tj ET Q q 0 0 0 rg BT 111.23 481.80 Td (were ) Tj ET Q q 0 0 0 rg BT 133.07 481.80 Td (no ) Tj ET Q q 0 0 0 rg BT 145.48 481.80 Td (changes ) Tj ET Q q 0 0 0 rg BT 180.10 481.80 Td (in ) Tj ET Q q 0 0 0 rg BT 190.29 481.80 Td (internal ) Tj ET Q q 0 0 0 rg BT 223.24 481.80 Td (controls ) Tj ET Q q 0 0 0 rg BT 257.87 481.80 Td (over ) Tj ET Q q 0 0 0 rg BT 278.05 481.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 315.44 481.80 Td (reporting ) Tj ET Q q 0 0 0 rg BT 354.50 481.80 Td (during ) Tj ET Q q 0 0 0 rg BT 383.02 481.80 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 481.80 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 423.95 481.80 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.95 481.80 Td ( ) Tj ET Q q 0 0 0 rg BT 446.36 481.80 Td (that ) Tj ET Q q 0 0 0 rg BT 463.77 481.80 Td (have ) Tj ET Q q 0 0 0 rg BT 485.05 481.80 Td (materially ) Tj ET Q q 0 0 0 rg BT 528.00 481.80 Td (af) Tj ET Q q 0 0 0 rg BT 535.59 481.80 Td (fected, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 469.80 Td (or ) Tj ET Q q 0 0 0 rg BT 78.33 469.80 Td (are ) Tj ET Q q 0 0 0 rg BT 93.04 469.80 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 138.85 469.80 Td (likely ) Tj ET Q q 0 0 0 rg BT 164.13 469.80 Td (to ) Tj ET Q q 0 0 0 rg BT 174.40 469.80 Td (materially ) Tj ET Q q 0 0 0 rg BT 217.44 469.80 Td (af) Tj ET Q q 0 0 0 rg BT 225.03 469.80 Td (fect, ) Tj ET Q q 0 0 0 rg BT 245.01 469.80 Td (the ) Tj ET Q q 0 0 0 rg BT 259.73 469.80 Td (Company) Tj ET Q q 0 0 0 rg BT 301.40 469.80 Td (s ) Tj ET Q q 0 0 0 rg BT 307.79 469.80 Td (internal ) Tj ET Q q 0 0 0 rg BT 340.83 469.80 Td (controls ) Tj ET Q q 0 0 0 rg BT 375.55 469.80 Td (over ) Tj ET Q q 0 0 0 rg BT 395.82 469.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 433.30 469.80 Td (reporting. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 451.80 Td (Use ) Tj ET Q q 0 0 0 rg BT 85.55 451.80 Td (of ) Tj ET Q q 0 0 0 rg BT 96.38 451.80 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 145.27 451.80 Td ( ) Tj ET Q q 0 0 0 rg BT 147.77 451.80 Td (Financial ) Tj ET Q q 0 0 0 rg BT 190.28 451.80 Td (Measur) Tj ET Q q 0 0 0 rg BT 222.87 451.80 Td (es) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 433.80 Td (In ) Tj ET Q q 0 0 0 rg BT 95.91 433.80 Td (addition ) Tj ET Q q 0 0 0 rg BT 130.76 433.80 Td (to ) Tj ET Q q 0 0 0 rg BT 140.61 433.80 Td (the ) Tj ET Q q 0 0 0 rg BT 154.91 433.80 Td (results ) Tj ET Q q 0 0 0 rg BT 183.09 433.80 Td (reported ) Tj ET Q q 0 0 0 rg BT 218.48 433.80 Td (in ) Tj ET Q q 0 0 0 rg BT 228.34 433.80 Td (accordance ) Tj ET Q q 0 0 0 rg BT 275.38 433.80 Td (with ) Tj ET Q q 0 0 0 rg BT 295.23 433.80 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 318.43 433.80 Td (or ) Tj ET Q q 0 0 0 rg BT 328.84 433.80 Td (GAAP) Tj ET Q q 0 0 0 rg BT 355.69 433.80 Td ( ) Tj ET Q q 0 0 0 rg BT 357.77 433.80 Td (as ) Tj ET Q q 0 0 0 rg BT 368.18 433.80 Td (issued ) Tj ET Q q 0 0 0 rg BT 395.25 433.80 Td (by ) Tj ET Q q 0 0 0 rg BT 407.33 433.80 Td (the ) Tj ET Q q 0 0 0 rg BT 421.62 433.80 Td (International ) Tj ET Q q 0 0 0 rg BT 474.33 433.80 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 523.06 433.80 Td (Standards ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 421.80 Td (Board, ) Tj ET Q q 0 0 0 rg BT 98.69 421.80 Td (the ) Tj ET Q q 0 0 0 rg BT 115.15 421.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 158.29 421.80 Td (uses ) Tj ET Q q 0 0 0 rg BT 179.76 421.80 Td (various ) Tj ET Q q 0 0 0 rg BT 213.44 421.80 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 258.63 421.80 Td ( ) Tj ET Q q 0 0 0 rg BT 262.88 421.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 302.10 421.80 Td (measures, ) Tj ET Q q 0 0 0 rg BT 346.06 421.80 Td (which ) Tj ET Q q 0 0 0 rg BT 374.75 421.80 Td (are ) Tj ET Q q 0 0 0 rg BT 391.20 421.80 Td (not ) Tj ET Q q 0 0 0 rg BT 408.23 421.80 Td (recognized ) Tj ET Q q 0 0 0 rg BT 456.34 421.80 Td (under ) Tj ET Q q 0 0 0 rg BT 483.35 421.80 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 508.73 421.80 Td (or ) Tj ET Q q 0 0 0 rg BT 521.30 421.80 Td (GAAP) Tj ET Q q 0 0 0 rg BT 547.42 421.80 Td (, ) Tj ET Q q 0 0 0 rg BT 554.17 421.80 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 409.80 Td (supplemental ) Tj ET Q q 0 0 0 rg BT 122.20 409.80 Td (indicators ) Tj ET Q q 0 0 0 rg BT 163.01 409.80 Td (of ) Tj ET Q q 0 0 0 rg BT 172.71 409.80 Td (our ) Tj ET Q q 0 0 0 rg BT 187.42 409.80 Td (operating ) Tj ET Q q 0 0 0 rg BT 226.56 409.80 Td (performance ) Tj ET Q q 0 0 0 rg BT 278.46 409.80 Td (and ) Tj ET Q q 0 0 0 rg BT 294.27 409.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 330.63 409.80 Td (position. ) Tj ET Q q 0 0 0 rg BT 366.63 409.80 Td (These ) Tj ET Q q 0 0 0 rg BT 391.88 409.80 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 437.07 409.80 Td ( ) Tj ET Q q 0 0 0 rg BT 438.44 409.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 474.80 409.80 Td (measures ) Tj ET Q q 0 0 0 rg BT 513.38 409.80 Td (are ) Tj ET Q q 0 0 0 rg BT 526.97 409.80 Td (provided ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 397.80 Td (to ) Tj ET Q q 0 0 0 rg BT 78.75 397.80 Td (enhance ) Tj ET Q q 0 0 0 rg BT 114.97 397.80 Td (the ) Tj ET Q q 0 0 0 rg BT 130.66 397.80 Td (user) Tj ET Q q 0 0 0 rg BT 147.69 397.80 Td () Tj ET Q q 0 0 0 rg BT 150.47 397.80 Td (s ) Tj ET Q q 0 0 0 rg BT 157.83 397.80 Td (understanding ) Tj ET Q q 0 0 0 rg BT 217.95 397.80 Td (of ) Tj ET Q q 0 0 0 rg BT 229.75 397.80 Td (our ) Tj ET Q q 0 0 0 rg BT 246.55 397.80 Td (historical ) Tj ET Q q 0 0 0 rg BT 287.23 397.80 Td (and ) Tj ET Q q 0 0 0 rg BT 305.14 397.80 Td (current ) Tj ET Q q 0 0 0 rg BT 336.92 397.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 375.37 397.80 Td (performance ) Tj ET Q q 0 0 0 rg BT 429.37 397.80 Td (and ) Tj ET Q q 0 0 0 rg BT 447.27 397.80 Td (our ) Tj ET Q q 0 0 0 rg BT 464.07 397.80 Td (prospects ) Tj ET Q q 0 0 0 rg BT 505.31 397.80 Td (for ) Tj ET Q q 0 0 0 rg BT 520.44 397.80 Td (the ) Tj ET Q q 0 0 0 rg BT 536.13 397.80 Td (future. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 385.80 Td (Management ) Tj ET Q q 0 0 0 rg BT 122.19 385.80 Td (believes ) Tj ET Q q 0 0 0 rg BT 157.45 385.80 Td (that ) Tj ET Q q 0 0 0 rg BT 174.94 385.80 Td (these ) Tj ET Q q 0 0 0 rg BT 197.98 385.80 Td (measures ) Tj ET Q q 0 0 0 rg BT 237.68 385.80 Td (provide ) Tj ET Q q 0 0 0 rg BT 270.72 385.80 Td (useful ) Tj ET Q q 0 0 0 rg BT 297.65 385.80 Td (information ) Tj ET Q q 0 0 0 rg BT 347.35 385.80 Td (in ) Tj ET Q q 0 0 0 rg BT 357.62 385.80 Td (that ) Tj ET Q q 0 0 0 rg BT 375.11 385.80 Td (they ) Tj ET Q q 0 0 0 rg BT 394.82 385.80 Td (exclude ) Tj ET Q q 0 0 0 rg BT 428.41 385.80 Td (amounts ) Tj ET Q q 0 0 0 rg BT 464.79 385.80 Td (that ) Tj ET Q q 0 0 0 rg BT 482.28 385.80 Td (are ) Tj ET Q q 0 0 0 rg BT 496.98 385.80 Td (not ) Tj ET Q q 0 0 0 rg BT 512.25 385.80 Td (indicative ) Tj ET Q q 0 0 0 rg BT 554.17 385.80 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 373.80 Td (our ) Tj ET Q q 0 0 0 rg BT 83.35 373.80 Td (core ) Tj ET Q q 0 0 0 rg BT 103.08 373.80 Td (operating ) Tj ET Q q 0 0 0 rg BT 143.36 373.80 Td (results ) Tj ET Q q 0 0 0 rg BT 171.99 373.80 Td (and ) Tj ET Q q 0 0 0 rg BT 188.95 373.80 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 224.24 373.80 Td (operations ) Tj ET Q q 0 0 0 rg BT 268.42 373.80 Td (and ) Tj ET Q q 0 0 0 rg BT 285.38 373.80 Td (provide ) Tj ET Q q 0 0 0 rg BT 318.44 373.80 Td (a ) Tj ET Q q 0 0 0 rg BT 325.40 373.80 Td (more ) Tj ET Q q 0 0 0 rg BT 348.47 373.80 Td (consistent ) Tj ET Q q 0 0 0 rg BT 390.98 373.80 Td (basis ) Tj ET Q q 0 0 0 rg BT 413.50 373.80 Td (for ) Tj ET Q q 0 0 0 rg BT 427.68 373.80 Td (comparison ) Tj ET Q q 0 0 0 rg BT 476.86 373.80 Td (between ) Tj ET Q q 0 0 0 rg BT 512.69 373.80 Td (periods. ) Tj ET Q q 0 0 0 rg BT 546.97 373.80 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 361.80 Td (following ) Tj ET Q q 0 0 0 rg BT 109.49 361.80 Td (discussion ) Tj ET Q q 0 0 0 rg BT 154.26 361.80 Td (explains ) Tj ET Q q 0 0 0 rg BT 190.68 361.80 Td (the ) Tj ET Q q 0 0 0 rg BT 206.00 361.80 Td (Company) Tj ET Q q 0 0 0 rg BT 247.66 361.80 Td (s ) Tj ET Q q 0 0 0 rg BT 254.65 361.80 Td (use ) Tj ET Q q 0 0 0 rg BT 271.08 361.80 Td (of ) Tj ET Q q 0 0 0 rg BT 282.51 361.80 Td (certain ) Tj ET Q q 0 0 0 rg BT 312.81 361.80 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 358.00 361.80 Td ( ) Tj ET Q q 0 0 0 rg BT 361.10 361.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 399.18 361.80 Td (measures, ) Tj ET Q q 0 0 0 rg BT 441.99 361.80 Td (which ) Tj ET Q q 0 0 0 rg BT 469.52 361.80 Td (are ) Tj ET Q q 0 0 0 rg BT 484.15 361.80 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 523.35 361.80 Td (EBITDA, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 349.80 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 106.11 349.80 Td (Net ) Tj ET Q q 0 0 0 rg BT 123.05 349.80 Td (Income, ) Tj ET Q q 0 0 0 rg BT 158.03 349.80 Td (Gross ) Tj ET Q q 0 0 0 rg BT 183.87 349.80 Td (Mar) Tj ET Q q 0 0 0 rg BT 200.35 349.80 Td (gin, ) Tj ET Q q 0 0 0 rg BT 218.13 349.80 Td (and ) Tj ET Q q 0 0 0 rg BT 234.51 349.80 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 273.12 349.80 Td (Operating ) Tj ET Q q 0 0 0 rg BT 315.05 349.80 Td (Activities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 331.80 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 89.94 331.80 Td (Adjusted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.83 331.80 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 130.75 331.80 Td (EBITDA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.09 331.80 Td ( ) Tj ET Q q 0 0 0 rg BT 175.44 331.80 Td (means ) Tj ET Q q 0 0 0 rg BT 202.90 331.80 Td (earnings ) Tj ET Q q 0 0 0 rg BT 238.69 331.80 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 262.82 331.80 Td (before ) Tj ET Q q 0 0 0 rg BT 290.27 331.80 Td (interest, ) Tj ET Q q 0 0 0 rg BT 324.12 331.80 Td (taxes, ) Tj ET Q q 0 0 0 rg BT 349.07 331.80 Td (depreciation, ) Tj ET Q q 0 0 0 rg BT 402.90 331.80 Td (amortization, ) Tj ET Q q 0 0 0 rg BT 457.85 331.80 Td (share-based ) Tj ET Q q 0 0 0 rg BT 506.96 331.80 Td (compensation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 319.80 Td (expense, ) Tj ET Q q 0 0 0 rg BT 105.93 319.80 Td (finance ) Tj ET Q q 0 0 0 rg BT 139.08 319.80 Td (expense ) Tj ET Q q 0 0 0 rg BT 175.00 319.80 Td (\(income\), ) Tj ET Q q 0 0 0 rg BT 217.32 319.80 Td (development ) Tj ET Q q 0 0 0 rg BT 272.69 319.80 Td (expense, ) Tj ET Q q 0 0 0 rg BT 311.12 319.80 Td (and ) Tj ET Q q 0 0 0 rg BT 329.28 319.80 Td (impairment ) Tj ET Q q 0 0 0 rg BT 379.10 319.80 Td (of ) Tj ET Q q 0 0 0 rg BT 391.16 319.80 Td (certain ) Tj ET Q q 0 0 0 rg BT 422.08 319.80 Td (investments ) Tj ET Q q 0 0 0 rg BT 473.58 319.80 Td (in ) Tj ET Q q 0 0 0 rg BT 485.08 319.80 Td (film ) Tj ET Q q 0 0 0 rg BT 505.46 319.80 Td (and ) Tj ET Q q 0 0 0 rg BT 523.62 319.80 Td (television ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 307.80 Td (programs, ) Tj ET Q q 0 0 0 rg BT 110.33 307.80 Td (and ) Tj ET Q q 0 0 0 rg BT 127.33 307.80 Td (also ) Tj ET Q q 0 0 0 rg BT 146.00 307.80 Td (includes ) Tj ET Q q 0 0 0 rg BT 181.88 307.80 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 232.21 307.80 Td (for ) Tj ET Q q 0 0 0 rg BT 246.43 307.80 Td (other ) Tj ET Q q 0 0 0 rg BT 269.54 307.80 Td (identified ) Tj ET Q q 0 0 0 rg BT 310.42 307.80 Td (char) Tj ET Q q 0 0 0 rg BT 327.45 307.80 Td (ges, ) Tj ET Q q 0 0 0 rg BT 345.84 307.80 Td (as ) Tj ET Q q 0 0 0 rg BT 356.73 307.80 Td (specified ) Tj ET Q q 0 0 0 rg BT 395.38 307.80 Td (in ) Tj ET Q q 0 0 0 rg BT 405.72 307.80 Td (the ) Tj ET Q q 0 0 0 rg BT 420.50 307.80 Td (accompanying ) Tj ET Q q 0 0 0 rg BT 481.37 307.80 Td (tables. ) Tj ET Q q 0 0 0 rg BT 509.19 307.80 Td (Amortization ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 295.80 Td (includes ) Tj ET Q q 0 0 0 rg BT 103.00 295.80 Td (amortization ) Tj ET Q q 0 0 0 rg BT 155.71 295.80 Td (of ) Tj ET Q q 0 0 0 rg BT 166.22 295.80 Td (property ) Tj ET Q q 0 0 0 rg BT 202.27 295.80 Td (& ) Tj ET Q q 0 0 0 rg BT 212.22 295.80 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 259.11 295.80 Td (expense ) Tj ET Q q 0 0 0 rg BT 293.49 295.80 Td (of ) Tj ET Q q 0 0 0 rg BT 303.99 295.80 Td (acquired ) Tj ET Q q 0 0 0 rg BT 340.59 295.80 Td (libraries, ) Tj ET Q q 0 0 0 rg BT 378.03 295.80 Td (and ) Tj ET Q q 0 0 0 rg BT 394.64 295.80 Td (intangible ) Tj ET Q q 0 0 0 rg BT 436.80 295.80 Td (assets. ) Tj ET Q q 0 0 0 rg BT 464.33 295.80 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 502.61 295.80 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 538.72 295.80 Td ( ) Tj ET Q q 0 0 0 rg BT 540.89 295.80 Td (is ) Tj ET Q q 0 0 0 rg BT 549.74 295.80 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 283.80 Td (an ) Tj ET Q q 0 0 0 rg BT 80.26 283.80 Td (earnings ) Tj ET Q q 0 0 0 rg BT 117.46 283.80 Td (measure ) Tj ET Q q 0 0 0 rg BT 154.09 283.80 Td (recognized ) Tj ET Q q 0 0 0 rg BT 201.27 283.80 Td (by ) Tj ET Q q 0 0 0 rg BT 214.59 283.80 Td (GAAP) Tj ET Q q 0 0 0 rg BT 241.45 283.80 Td ( ) Tj ET Q q 0 0 0 rg BT 244.77 283.80 Td (and ) Tj ET Q q 0 0 0 rg BT 262.53 283.80 Td (does ) Tj ET Q q 0 0 0 rg BT 284.18 283.80 Td (not ) Tj ET Q q 0 0 0 rg BT 300.28 283.80 Td (have ) Tj ET Q q 0 0 0 rg BT 322.48 283.80 Td (a ) Tj ET Q q 0 0 0 rg BT 330.23 283.80 Td (standardized ) Tj ET Q q 0 0 0 rg BT 384.09 283.80 Td (meaning ) Tj ET Q q 0 0 0 rg BT 421.84 283.80 Td (prescribed ) Tj ET Q q 0 0 0 rg BT 466.81 283.80 Td (by ) Tj ET Q q 0 0 0 rg BT 480.13 283.80 Td (GAAP; ) Tj ET Q q 0 0 0 rg BT 513.45 283.80 Td (accordingly) Tj ET Q q 0 0 0 rg BT 560.00 283.80 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 271.80 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 106.61 271.80 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 142.71 271.80 Td ( ) Tj ET Q q 0 0 0 rg BT 145.71 271.80 Td (may ) Tj ET Q q 0 0 0 rg BT 165.92 271.80 Td (not ) Tj ET Q q 0 0 0 rg BT 181.70 271.80 Td (be ) Tj ET Q q 0 0 0 rg BT 194.14 271.80 Td (comparable ) Tj ET Q q 0 0 0 rg BT 243.77 271.80 Td (to ) Tj ET Q q 0 0 0 rg BT 254.55 271.80 Td (similar ) Tj ET Q q 0 0 0 rg BT 285.32 271.80 Td (measures ) Tj ET Q q 0 0 0 rg BT 325.52 271.80 Td (presented ) Tj ET Q q 0 0 0 rg BT 366.84 271.80 Td (by ) Tj ET Q q 0 0 0 rg BT 379.83 271.80 Td (other ) Tj ET Q q 0 0 0 rg BT 403.38 271.80 Td (issuers. ) Tj ET Q q 0 0 0 rg BT 436.10 271.80 Td (Management ) Tj ET Q q 0 0 0 rg BT 491.29 271.80 Td (believes ) Tj ET Q q 0 0 0 rg BT 526.39 271.80 Td (Adjusted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 259.80 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 103.61 259.80 Td ( ) Tj ET Q q 0 0 0 rg BT 105.51 259.80 Td (to ) Tj ET Q q 0 0 0 rg BT 115.20 259.80 Td (be ) Tj ET Q q 0 0 0 rg BT 126.54 259.80 Td (a ) Tj ET Q q 0 0 0 rg BT 132.88 259.80 Td (meaningful ) Tj ET Q q 0 0 0 rg BT 180.33 259.80 Td (indicator ) Tj ET Q q 0 0 0 rg BT 217.77 259.80 Td (of ) Tj ET Q q 0 0 0 rg BT 228.01 259.80 Td (our ) Tj ET Q q 0 0 0 rg BT 243.24 259.80 Td (performance ) Tj ET Q q 0 0 0 rg BT 295.67 259.80 Td (that ) Tj ET Q q 0 0 0 rg BT 312.57 259.80 Td (provides ) Tj ET Q q 0 0 0 rg BT 348.91 259.80 Td (useful ) Tj ET Q q 0 0 0 rg BT 375.25 259.80 Td (information ) Tj ET Q q 0 0 0 rg BT 424.37 259.80 Td (to ) Tj ET Q q 0 0 0 rg BT 434.05 259.80 Td (investors ) Tj ET Q q 0 0 0 rg BT 472.07 259.80 Td (regarding ) Tj ET Q q 0 0 0 rg BT 512.29 259.80 Td (our ) Tj ET Q q 0 0 0 rg BT 527.52 259.80 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 247.80 Td (condition ) Tj ET Q q 0 0 0 rg BT 107.77 247.80 Td (and ) Tj ET Q q 0 0 0 rg BT 124.71 247.80 Td (results ) Tj ET Q q 0 0 0 rg BT 153.32 247.80 Td (of ) Tj ET Q q 0 0 0 rg BT 164.15 247.80 Td (operation. ) Tj ET Q q 0 0 0 rg BT 206.73 247.80 Td (The ) Tj ET Q q 0 0 0 rg BT 224.78 247.80 Td (most ) Tj ET Q q 0 0 0 rg BT 246.73 247.80 Td (comparable ) Tj ET Q q 0 0 0 rg BT 295.87 247.80 Td (GAAP) Tj ET Q q 0 0 0 rg BT 322.72 247.80 Td ( ) Tj ET Q q 0 0 0 rg BT 325.22 247.80 Td (measure ) Tj ET Q q 0 0 0 rg BT 361.04 247.80 Td (is ) Tj ET Q q 0 0 0 rg BT 370.21 247.80 Td (earnings ) Tj ET Q q 0 0 0 rg BT 406.59 247.80 Td (before ) Tj ET Q q 0 0 0 rg BT 434.62 247.80 Td (income ) Tj ET Q q 0 0 0 rg BT 466.56 247.80 Td (taxes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 229.80 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 89.94 229.80 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 131.10 229.80 Td (Net ) Tj ET Q q 0 0 0 rg BT 148.36 229.80 Td (Income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.02 229.80 Td ( ) Tj ET Q q 0 0 0 rg BT 186.72 229.80 Td (is ) Tj ET Q q 0 0 0 rg BT 195.66 229.80 Td (a ) Tj ET Q q 0 0 0 rg BT 202.36 229.80 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 247.55 229.80 Td ( ) Tj ET Q q 0 0 0 rg BT 249.81 229.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 287.06 229.80 Td (measure ) Tj ET Q q 0 0 0 rg BT 322.64 229.80 Td (which ) Tj ET Q q 0 0 0 rg BT 349.34 229.80 Td (adjusts ) Tj ET Q q 0 0 0 rg BT 379.39 229.80 Td (net ) Tj ET Q q 0 0 0 rg BT 393.87 229.80 Td (income ) Tj ET Q q 0 0 0 rg BT 425.57 229.80 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 450.06 229.80 Td (for ) Tj ET Q q 0 0 0 rg BT 463.98 229.80 Td (identified ) Tj ET Q q 0 0 0 rg BT 504.57 229.80 Td (char) Tj ET Q q 0 0 0 rg BT 521.59 229.80 Td (ges, ) Tj ET Q q 0 0 0 rg BT 539.69 229.80 Td (net ) Tj ET Q q 0 0 0 rg BT 554.17 229.80 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 217.80 Td (tax ) Tj ET Q q 0 0 0 rg BT 82.20 217.80 Td (ef) Tj ET Q q 0 0 0 rg BT 89.78 217.80 Td (fect. ) Tj ET Q q 0 0 0 rg BT 109.20 217.80 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 147.79 217.80 Td (Net ) Tj ET Q q 0 0 0 rg BT 164.71 217.80 Td (Income ) Tj ET Q q 0 0 0 rg BT 197.17 217.80 Td (is ) Tj ET Q q 0 0 0 rg BT 206.32 217.80 Td (not ) Tj ET Q q 0 0 0 rg BT 221.58 217.80 Td (an ) Tj ET Q q 0 0 0 rg BT 233.50 217.80 Td (earnings ) Tj ET Q q 0 0 0 rg BT 269.85 217.80 Td (measure ) Tj ET Q q 0 0 0 rg BT 305.65 217.80 Td (recognized ) Tj ET Q q 0 0 0 rg BT 351.99 217.80 Td (by ) Tj ET Q q 0 0 0 rg BT 364.47 217.80 Td (GAAP) Tj ET Q q 0 0 0 rg BT 391.33 217.80 Td ( ) Tj ET Q q 0 0 0 rg BT 393.81 217.80 Td (and ) Tj ET Q q 0 0 0 rg BT 410.72 217.80 Td (does ) Tj ET Q q 0 0 0 rg BT 431.53 217.80 Td (not ) Tj ET Q q 0 0 0 rg BT 446.79 217.80 Td (have ) Tj ET Q q 0 0 0 rg BT 468.15 217.80 Td (a ) Tj ET Q q 0 0 0 rg BT 475.06 217.80 Td (standardized ) Tj ET Q q 0 0 0 rg BT 528.08 217.80 Td (meaning ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 205.80 Td (prescribed ) Tj ET Q q 0 0 0 rg BT 110.72 205.80 Td (by ) Tj ET Q q 0 0 0 rg BT 122.29 205.80 Td (GAAP; ) Tj ET Q q 0 0 0 rg BT 153.86 205.80 Td (accordingly) Tj ET Q q 0 0 0 rg BT 200.42 205.80 Td (, ) Tj ET Q q 0 0 0 rg BT 204.14 205.80 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 241.82 205.80 Td (Net ) Tj ET Q q 0 0 0 rg BT 257.83 205.80 Td (Income ) Tj ET Q q 0 0 0 rg BT 289.39 205.80 Td (may ) Tj ET Q q 0 0 0 rg BT 308.18 205.80 Td (not ) Tj ET Q q 0 0 0 rg BT 322.52 205.80 Td (be ) Tj ET Q q 0 0 0 rg BT 333.53 205.80 Td (comparable ) Tj ET Q q 0 0 0 rg BT 381.75 205.80 Td (to ) Tj ET Q q 0 0 0 rg BT 391.10 205.80 Td (similar ) Tj ET Q q 0 0 0 rg BT 420.44 205.80 Td (measures ) Tj ET Q q 0 0 0 rg BT 459.22 205.80 Td (presented ) Tj ET Q q 0 0 0 rg BT 499.11 205.80 Td (by ) Tj ET Q q 0 0 0 rg BT 510.68 205.80 Td (other ) Tj ET Q q 0 0 0 rg BT 532.80 205.80 Td (issuers. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 193.80 Td (Management ) Tj ET Q q 0 0 0 rg BT 121.83 193.80 Td (believes ) Tj ET Q q 0 0 0 rg BT 156.24 193.80 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 194.47 193.80 Td (Net ) Tj ET Q q 0 0 0 rg BT 211.04 193.80 Td (Income ) Tj ET Q q 0 0 0 rg BT 243.14 193.80 Td (to ) Tj ET Q q 0 0 0 rg BT 253.05 193.80 Td (be ) Tj ET Q q 0 0 0 rg BT 264.61 193.80 Td (a ) Tj ET Q q 0 0 0 rg BT 271.17 193.80 Td (meaningful ) Tj ET Q q 0 0 0 rg BT 318.83 193.80 Td (indicator ) Tj ET Q q 0 0 0 rg BT 356.50 193.80 Td (of ) Tj ET Q q 0 0 0 rg BT 366.95 193.80 Td (our ) Tj ET Q q 0 0 0 rg BT 382.41 193.80 Td (performance ) Tj ET Q q 0 0 0 rg BT 435.05 193.80 Td (that ) Tj ET Q q 0 0 0 rg BT 452.17 193.80 Td (provides ) Tj ET Q q 0 0 0 rg BT 488.73 193.80 Td (useful ) Tj ET Q q 0 0 0 rg BT 515.29 193.80 Td (information ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 181.80 Td (to ) Tj ET Q q 0 0 0 rg BT 77.03 181.80 Td (investors ) Tj ET Q q 0 0 0 rg BT 114.90 181.80 Td (regarding ) Tj ET Q q 0 0 0 rg BT 154.97 181.80 Td (our ) Tj ET Q q 0 0 0 rg BT 170.05 181.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 206.78 181.80 Td (condition ) Tj ET Q q 0 0 0 rg BT 246.31 181.80 Td (and ) Tj ET Q q 0 0 0 rg BT 262.51 181.80 Td (results ) Tj ET Q q 0 0 0 rg BT 290.37 181.80 Td (of ) Tj ET Q q 0 0 0 rg BT 300.45 181.80 Td (operation. ) Tj ET Q q 0 0 0 rg BT 342.34 181.80 Td (The ) Tj ET Q q 0 0 0 rg BT 359.65 181.80 Td (most ) Tj ET Q q 0 0 0 rg BT 380.85 181.80 Td (comparable ) Tj ET Q q 0 0 0 rg BT 429.24 181.80 Td (GAAP) Tj ET Q q 0 0 0 rg BT 456.10 181.80 Td ( ) Tj ET Q q 0 0 0 rg BT 457.85 181.80 Td (measure ) Tj ET Q q 0 0 0 rg BT 492.92 181.80 Td (is ) Tj ET Q q 0 0 0 rg BT 501.35 181.80 Td (earnings ) Tj ET Q q 0 0 0 rg BT 536.98 181.80 Td (before ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 169.80 Td (income ) Tj ET Q q 0 0 0 rg BT 99.43 169.80 Td (taxes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 151.80 Td (") Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 89.58 151.80 Td (Basic ) Tj ET Q q 0 0 0 rg BT 115.06 151.80 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 157.41 151.80 Td (Net ) Tj ET Q q 0 0 0 rg BT 175.86 151.80 Td (Income ) Tj ET Q q 0 0 0 rg BT 210.98 151.80 Td (Per) Tj ET Q q 0 0 0 rg BT 225.78 151.80 Td ( ) Tj ET Q q 0 0 0 rg BT 229.24 151.80 Td (Common ) Tj ET Q q 0 0 0 rg BT 272.14 151.80 Td (Shar) Tj ET Q q 0 0 0 rg BT 292.52 151.80 Td (e) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.96 151.80 Td (" ) Tj ET Q q 0 0 0 rg BT 304.50 151.80 Td (and ) Tj ET Q q 0 0 0 rg BT 322.40 151.80 Td (") Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 326.48 151.80 Td (Diluted ) Tj ET Q q 0 0 0 rg BT 360.85 151.80 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 403.20 151.80 Td (Net ) Tj ET Q q 0 0 0 rg BT 421.65 151.80 Td (Income ) Tj ET Q q 0 0 0 rg BT 456.77 151.80 Td (Per) Tj ET Q q 0 0 0 rg BT 471.57 151.80 Td ( ) Tj ET Q q 0 0 0 rg BT 475.03 151.80 Td (Common ) Tj ET Q q 0 0 0 rg BT 517.93 151.80 Td (Shar) Tj ET Q q 0 0 0 rg BT 538.31 151.80 Td (e) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.75 151.80 Td (" ) Tj ET Q q 0 0 0 rg BT 550.29 151.80 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 139.80 Td (calculated ) Tj ET Q q 0 0 0 rg BT 111.08 139.80 Td (by ) Tj ET Q q 0 0 0 rg BT 124.14 139.80 Td (dividing ) Tj ET Q q 0 0 0 rg BT 159.85 139.80 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 199.01 139.80 Td (Net ) Tj ET Q q 0 0 0 rg BT 216.51 139.80 Td (Income ) Tj ET Q q 0 0 0 rg BT 249.55 139.80 Td (by ) Tj ET Q q 0 0 0 rg BT 262.60 139.80 Td (Basic ) Tj ET Q q 0 0 0 rg BT 287.87 139.80 Td (weighted ) Tj ET Q q 0 0 0 rg BT 327.58 139.80 Td (average ) Tj ET Q q 0 0 0 rg BT 361.72 139.80 Td (common ) Tj ET Q q 0 0 0 rg BT 399.77 139.80 Td (shares ) Tj ET Q q 0 0 0 rg BT 427.81 139.80 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 477.53 139.80 Td (and ) Tj ET Q q 0 0 0 rg BT 495.02 139.80 Td (diluted ) Tj ET Q q 0 0 0 rg BT 525.85 139.80 Td (weighted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 127.80 Td (average ) Tj ET Q q 0 0 0 rg BT 101.08 127.80 Td (common ) Tj ET Q q 0 0 0 rg BT 138.58 127.80 Td (shares ) Tj ET Q q 0 0 0 rg BT 166.07 127.80 Td (outstanding, ) Tj ET Q q 0 0 0 rg BT 217.73 127.80 Td (respectively) Tj ET Q q 0 0 0 rg BT 265.40 127.80 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 109.80 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 89.94 109.80 Td (Gr) Tj ET Q q 0 0 0 rg BT 101.97 109.80 Td (oss ) Tj ET Q q 0 0 0 rg BT 117.06 109.80 Td (Margin) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.27 109.80 Td ( ) Tj ET Q q 0 0 0 rg BT 156.01 109.80 Td (means ) Tj ET Q q 0 0 0 rg BT 183.86 109.80 Td (revenue ) Tj ET Q q 0 0 0 rg BT 217.80 109.80 Td (less ) Tj ET Q q 0 0 0 rg BT 235.10 109.80 Td (direct ) Tj ET Q q 0 0 0 rg BT 260.16 109.80 Td (production ) Tj ET Q q 0 0 0 rg BT 305.79 109.80 Td (costs ) Tj ET Q q 0 0 0 rg BT 328.08 109.80 Td (and ) Tj ET Q q 0 0 0 rg BT 344.82 109.80 Td (expense ) Tj ET Q q 0 0 0 rg BT 379.33 109.80 Td (of ) Tj ET Q q 0 0 0 rg BT 389.96 109.80 Td (film ) Tj ET Q q 0 0 0 rg BT 408.92 109.80 Td (and ) Tj ET Q q 0 0 0 rg BT 425.66 109.80 Td (television ) Tj ET Q q 0 0 0 rg BT 466.84 109.80 Td (programs ) Tj ET Q q 0 0 0 rg BT 506.91 109.80 Td (produced ) Tj ET Q q 0 0 0 rg BT 546.41 109.80 Td (\(per ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 97.80 Td (the ) Tj ET Q q 0 0 0 rg BT 81.73 97.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 118.72 97.80 Td (statements\) ) Tj ET Q q 0 0 0 rg BT 166.27 97.80 Td (and ) Tj ET Q q 0 0 0 rg BT 182.71 97.80 Td (plus ) Tj ET Q q 0 0 0 rg BT 201.39 97.80 Td (the ) Tj ET Q q 0 0 0 rg BT 215.62 97.80 Td (portion ) Tj ET Q q 0 0 0 rg BT 246.52 97.80 Td (of ) Tj ET Q q 0 0 0 rg BT 256.86 97.80 Td (the ) Tj ET Q q 0 0 0 rg BT 271.08 97.80 Td (expense ) Tj ET Q q 0 0 0 rg BT 305.30 97.80 Td (of ) Tj ET Q q 0 0 0 rg BT 315.64 97.80 Td (acquired ) Tj ET Q q 0 0 0 rg BT 352.07 97.80 Td (library ) Tj ET Q q 0 0 0 rg BT 380.73 97.80 Td (that ) Tj ET Q q 0 0 0 rg BT 397.74 97.80 Td (relates ) Tj ET Q q 0 0 0 rg BT 425.84 97.80 Td (to ) Tj ET Q q 0 0 0 rg BT 435.63 97.80 Td (the ) Tj ET Q q 0 0 0 rg BT 449.86 97.80 Td (amortization ) Tj ET Q q 0 0 0 rg BT 502.40 97.80 Td (of ) Tj ET Q q 0 0 0 rg BT 512.74 97.80 Td (the ) Tj ET Q q 0 0 0 rg BT 526.97 97.80 Td (purchase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 84.60 Td (accounting ) Tj ET Q q 0 0 0 rg BT 114.57 84.60 Td (bump ) Tj ET Q q 0 0 0 rg BT 140.55 84.60 Td (to ) Tj ET Q q 0 0 0 rg BT 151.54 84.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 168.61 84.60 Td (value ) Tj ET Q q 0 0 0 rg BT 193.47 84.60 Td (for ) Tj ET Q q 0 0 0 rg BT 208.33 84.60 Td (all ) Tj ET Q q 0 0 0 rg BT 221.53 84.60 Td (acquired ) Tj ET Q q 0 0 0 rg BT 259.16 84.60 Td (libraries ) Tj ET Q q 0 0 0 rg BT 295.12 84.60 Td (as ) Tj ET Q q 0 0 0 rg BT 306.66 84.60 Td (detailed ) Tj ET Q q 0 0 0 rg BT 341.51 84.60 Td (in ) Tj ET Q q 0 0 0 rg BT 352.49 84.60 Td (footnote ) Tj ET Q q 0 0 0 rg BT 389.02 84.60 Td (3 ) Tj ET Q q 0 0 0 rg BT 397.22 84.60 Td (of ) Tj ET Q q 0 0 0 rg BT 408.75 84.60 Td (the ) Tj ET Q q 0 0 0 rg BT 424.17 84.60 Td (accompanying ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 485.68 84.60 Td (Reconciliation ) Tj ET Q q 0 0 0 rg BT 553.35 84.60 Td (of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 67.50 71.40 Td (Historical ) Tj ET Q q 0 0 0 rg BT 114.25 71.40 Td (Results ) Tj ET Q q 0 0 0 rg BT 150.01 71.40 Td (of ) Tj ET Q q 0 0 0 rg BT 161.80 71.40 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 204.89 71.40 Td (EBITDA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.22 71.40 Td (. ) Tj ET Q q 0 0 0 rg BT 250.79 71.40 Td (Gross ) Tj ET Q q 0 0 0 rg BT 277.19 71.40 Td (Mar) Tj ET Q q 0 0 0 rg BT 293.67 71.40 Td (gin ) Tj ET Q q 0 0 0 rg BT 309.51 71.40 Td (is ) Tj ET Q q 0 0 0 rg BT 319.25 71.40 Td (not ) Tj ET Q q 0 0 0 rg BT 335.09 71.40 Td (an ) Tj ET Q q 0 0 0 rg BT 347.59 71.40 Td (earnings ) Tj ET Q q 0 0 0 rg BT 384.54 71.40 Td (measure ) Tj ET Q q 0 0 0 rg BT 420.92 71.40 Td (recognized ) Tj ET Q q 0 0 0 rg BT 467.84 71.40 Td (by ) Tj ET Q q 0 0 0 rg BT 480.91 71.40 Td (GAAP) Tj ET Q q 0 0 0 rg BT 507.76 71.40 Td ( ) Tj ET Q q 0 0 0 rg BT 510.83 71.40 Td (and ) Tj ET Q q 0 0 0 rg BT 528.33 71.40 Td (does ) Tj ET Q q 0 0 0 rg BT 549.73 71.40 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 59.40 Td (have ) Tj ET Q q 0 0 0 rg BT 89.16 59.40 Td (a ) Tj ET Q q 0 0 0 rg BT 96.39 59.40 Td (standardized ) Tj ET Q q 0 0 0 rg BT 149.71 59.40 Td (meaning ) Tj ET Q q 0 0 0 rg BT 186.93 59.40 Td (prescribed ) Tj ET Q q 0 0 0 rg BT 231.36 59.40 Td (by ) Tj ET Q q 0 0 0 rg BT 244.15 59.40 Td (GAAP; ) Tj ET Q q 0 0 0 rg BT 276.94 59.40 Td (accordingly) Tj ET Q q 0 0 0 rg BT 323.49 59.40 Td (, ) Tj ET Q q 0 0 0 rg BT 328.78 59.40 Td (Gross ) Tj ET Q q 0 0 0 rg BT 354.90 59.40 Td (Mar) Tj ET Q q 0 0 0 rg BT 371.38 59.40 Td (gin ) Tj ET Q q 0 0 0 rg BT 386.95 59.40 Td (may ) Tj ET Q q 0 0 0 rg BT 406.95 59.40 Td (not ) Tj ET Q q 0 0 0 rg BT 422.52 59.40 Td (be ) Tj ET Q q 0 0 0 rg BT 434.74 59.40 Td (comparable ) Tj ET Q q 0 0 0 rg BT 484.17 59.40 Td (to ) Tj ET Q q 0 0 0 rg BT 494.74 59.40 Td (similar ) Tj ET Q q 0 0 0 rg BT 525.30 59.40 Td (measures ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 47.40 Td (presented ) Tj ET Q q 0 0 0 rg BT 108.32 47.40 Td (by ) Tj ET Q q 0 0 0 rg BT 120.82 47.40 Td (other ) Tj ET Q q 0 0 0 rg BT 143.86 47.40 Td (issuers. ) Tj ET Q q 0 0 0 rg BT 175.90 47.40 Td (The ) Tj ET Q q 0 0 0 rg BT 193.95 47.40 Td (most ) Tj ET Q q 0 0 0 rg BT 215.90 47.40 Td (comparable ) Tj ET Q q 0 0 0 rg BT 265.04 47.40 Td (GAAP) Tj ET Q q 0 0 0 rg BT 291.89 47.40 Td ( ) Tj ET Q q 0 0 0 rg BT 294.39 47.40 Td (measure ) Tj ET Q q 0 0 0 rg BT 330.21 47.40 Td (is ) Tj ET Q q 0 0 0 rg BT 339.38 47.40 Td (earnings ) Tj ET Q q 0 0 0 rg BT 375.76 47.40 Td (before ) Tj ET Q q 0 0 0 rg BT 403.79 47.40 Td (income ) Tj ET Q q 0 0 0 rg BT 435.73 47.40 Td (taxes.) Tj ET Q endstream endobj 75 0 obj <> endobj 76 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6 0.6 0.6 rg BT 301.00 31.60 Td (37) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 85.50 742.10 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 89.94 742.10 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 130.32 742.10 Td (Operating ) Tj ET Q q 0 0 0 rg BT 175.36 742.10 Td (Activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.35 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 221.27 742.10 Td (is ) Tj ET Q q 0 0 0 rg BT 229.43 742.10 Td (a ) Tj ET Q q 0 0 0 rg BT 235.35 742.10 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 280.53 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 282.02 742.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 318.48 742.10 Td (measure ) Tj ET Q q 0 0 0 rg BT 353.28 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 363.10 742.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 382.35 742.10 Td (inflows ) Tj ET Q q 0 0 0 rg BT 413.83 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 429.76 742.10 Td (outflows ) Tj ET Q q 0 0 0 rg BT 466.24 742.10 Td (from ) Tj ET Q q 0 0 0 rg BT 487.16 742.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 526.41 742.10 Td (activities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 730.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 104.13 730.10 Td (for ) Tj ET Q q 0 0 0 rg BT 119.09 730.10 Td (increases ) Tj ET Q q 0 0 0 rg BT 159.04 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 176.78 730.10 Td (decreases ) Tj ET Q q 0 0 0 rg BT 218.39 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 229.47 730.10 Td (interim ) Tj ET Q q 0 0 0 rg BT 261.66 730.10 Td (production ) Tj ET Q q 0 0 0 rg BT 308.29 730.10 Td (financing, ) Tj ET Q q 0 0 0 rg BT 351.85 730.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 374.59 730.10 Td (indebtedness, ) Tj ET Q q 0 0 0 rg BT 432.05 730.10 Td (excluding ) Tj ET Q q 0 0 0 rg BT 474.79 730.10 Td (specifically ) Tj ET Q q 0 0 0 rg BT 524.18 730.10 Td (identified ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 718.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 107.69 718.10 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l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 242 540.75 m 273 540.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 242 525.75 m 273 525.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273 540.75 m 305 540.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273 525.75 m 305 525.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 540.75 m 336 540.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 525.75 m 336 525.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 336 540.75 m 367 540.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 336 525.75 m 367 525.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367 540.75 m 398 540.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367 525.75 m 398 525.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 540.75 m 429 540.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 525.75 m 429 525.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 540.75 m 459 540.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 525.75 m 459 525.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459 540.75 m 488 540.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459 525.75 m 488 525.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488 540.75 m 492 540.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488 525.75 m 492 525.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492 540.75 m 525 540.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492 525.75 m 525 525.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 525 540.75 m 558 540.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 525 525.75 m 558 525.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562 540.75 m 562 525.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67 525.75 m 67 510.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459 525.75 m 488 525.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492 525.75 m 525 525.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 525 525.75 m 558 525.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562 525.75 m 562 510.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67 510.75 m 67 495.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562 510.75 m 562 495.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67 495.75 m 67 480.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562 495.75 m 562 480.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67 480.75 m 67 465.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562 480.75 m 562 465.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67 465.75 m 67 450.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562 465.75 m 562 450.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67 450.75 m 67 435.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562 450.75 m 562 435.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67 435.75 m 67 420.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562 435.75 m 562 420.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67 420.75 m 67 405.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562 420.75 m 562 405.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67 405.75 m 67 385.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562 405.75 m 562 385.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67 385.75 m 67 370.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 242 370.75 m 273 370.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273 370.75 m 305 370.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 370.75 m 336 370.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 336 370.75 m 367 370.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367 370.75 m 398 370.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 370.75 m 429 370.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 370.75 m 459 370.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459 370.75 m 488 370.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492 370.75 m 525 370.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 525 370.75 m 558 370.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562 385.75 m 562 370.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67 370.75 m 67 355.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 242 370.75 m 273 370.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273 370.75 m 305 370.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 370.75 m 336 370.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 336 370.75 m 367 370.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367 370.75 m 398 370.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 370.75 m 429 370.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459 370.75 m 488 370.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492 370.75 m 525 370.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 525 370.75 m 558 370.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562 370.75 m 562 355.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67 355.75 m 67 326.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 242 326.75 m 273 326.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273 326.75 m 305 326.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 326.75 m 336 326.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 336 326.75 m 367 326.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367 326.75 m 398 326.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 326.75 m 429 326.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 326.75 m 459 326.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459 326.75 m 488 326.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492 326.75 m 525 326.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 525 326.75 m 558 326.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562 355.75 m 562 326.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67 326.75 m 67 311.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 242 326.75 m 273 326.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 242 312.75 m 273 312.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 242 310.75 m 273 310.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273 326.75 m 305 326.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273 312.75 m 305 312.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273 310.75 m 305 310.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 326.75 m 336 326.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 312.75 m 336 312.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 310.75 m 336 310.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 336 326.75 m 367 326.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 336 312.75 m 367 312.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 336 310.75 m 367 310.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367 326.75 m 398 326.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367 312.75 m 398 312.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367 310.75 m 398 310.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 326.75 m 429 326.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 312.75 m 429 312.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 310.75 m 429 310.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 326.75 m 459 326.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 312.75 m 459 312.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 310.75 m 459 310.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459 326.75 m 488 326.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459 312.75 m 488 312.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459 310.75 m 488 310.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492 326.75 m 525 326.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492 312.75 m 525 312.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492 310.75 m 525 310.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 525 326.75 m 558 326.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 525 312.75 m 558 312.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 525 310.75 m 558 310.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562 326.75 m 562 311.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67 311.75 m 67 296.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67 296.75 m 73 296.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 73 296.75 m 242 296.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 242 296.75 m 273 296.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273 296.75 m 305 296.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 296.75 m 336 296.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 336 296.75 m 367 296.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367 296.75 m 398 296.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 296.75 m 429 296.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 296.75 m 459 296.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459 296.75 m 488 296.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488 296.75 m 492 296.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492 296.75 m 525 296.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 525 296.75 m 558 296.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562 311.75 m 562 296.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 558 296.75 m 562 296.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 501.50 567.98 Td (Fiscal) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 534.50 567.98 Td (Fiscal) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 252.75 554.20 Td (Q4 - ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 248.55 545.20 Td (2016) Tj ET Q BT /F2 9.00 Tf ET BT /F2 5.85 Tf ET q 0 0 0 rg BT 266.55 549.28 Td (1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 284.75 554.20 Td (Q3 - ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 280.55 545.20 Td (2016) Tj ET Q BT /F2 9.00 Tf ET BT /F2 5.85 Tf ET q 0 0 0 rg BT 298.55 549.28 Td (1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 315.75 554.20 Td (Q2 - ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 311.55 545.20 Td (2016) Tj ET Q BT /F2 9.00 Tf ET BT /F2 5.85 Tf ET q 0 0 0 rg BT 329.55 549.28 Td (1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 346.75 554.20 Td (Q1 - ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 342.55 545.20 Td (2016) Tj ET Q BT /F2 9.00 Tf ET BT /F2 5.85 Tf ET q 0 0 0 rg BT 360.55 549.28 Td (1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 377.75 554.20 Td (Q4 - ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 373.55 545.20 Td (2015) Tj ET Q BT /F2 9.00 Tf ET BT /F2 5.85 Tf ET q 0 0 0 rg BT 391.55 549.28 Td (1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 408.75 554.20 Td (Q3 - ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 404.55 545.20 Td (2015) Tj ET Q BT /F2 9.00 Tf ET BT /F2 5.85 Tf ET q 0 0 0 rg BT 422.55 549.28 Td (1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 438.75 554.20 Td (Q2 - ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 434.55 545.20 Td (2015) Tj ET Q BT /F2 9.00 Tf ET BT /F2 5.85 Tf ET q 0 0 0 rg BT 452.55 549.28 Td (1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 467.75 554.20 Td (Q1 - ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 463.55 545.20 Td (2015) Tj ET Q BT /F2 9.00 Tf ET BT /F2 5.85 Tf ET q 0 0 0 rg BT 481.55 549.28 Td (1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 497.50 545.20 Td (2016) Tj ET Q BT /F2 9.00 Tf ET BT /F2 5.85 Tf ET q 0 0 0 rg BT 515.50 549.28 Td (1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 530.50 545.20 Td (2015) Tj ET Q BT /F2 9.00 Tf ET BT /F2 5.85 Tf ET q 0 0 0 rg BT 548.50 549.28 Td (1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 248.15 529.98 Td (\($000\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 280.15 529.98 Td (\($000\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 311.15 529.98 Td (\($000\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 342.15 529.98 Td (\($000\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 373.15 529.98 Td (\($000\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 404.15 529.98 Td (\($000\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 434.15 529.98 Td (\($000\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 463.15 529.98 Td (\($000\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 500.15 529.98 Td (\($000\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 533.15 529.98 Td (\($000\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 75.50 515.00 Td (Net income \(loss\) for the period) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 249.10 515.00 Td (\(1,746) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 269.80 515.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 279.80 515.00 Td (10,219) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 310.80 515.00 Td (11,671) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 345.80 515.00 Td (7,524) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 376.80 515.00 Td (3,696) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 403.80 515.00 Td (18,031) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 437.80 515.00 Td (5,539) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.10 515.00 Td (\(7,733) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 484.80 515.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 499.80 515.00 Td (27,668) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.80 515.00 Td (19,533) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 75.50 500.00 Td (Provision for \(recovery of\) income taxes) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 255.10 500.00 Td (\(274) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 269.80 500.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 289.80 500.00 Td (756) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 314.80 500.00 Td (3,272) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 345.80 500.00 Td (1,367) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 380.10 500.00 Td (\(566) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.80 500.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 407.80 500.00 Td (6,666) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 437.80 500.00 Td (2,035) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.10 500.00 Td (\(2,398) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 484.80 500.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 503.80 500.00 Td (5,121) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.80 500.00 Td (5,737) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 75.50 485.00 Td (Interest expense, net) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 141.03 488.63 Td (2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 251.80 485.00 Td (5,290) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 283.80 485.00 Td (5,380) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 314.80 485.00 Td (4,343) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 345.80 485.00 Td (4,304) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 376.80 485.00 Td (4,968) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 407.80 485.00 Td (4,280) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 437.80 485.00 Td (3,703) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 466.80 485.00 Td (3,387) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 499.80 485.00 Td (19,317) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.80 485.00 Td (16,338) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 75.50 470.00 Td (Amortization) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 118.16 473.63 Td (3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 251.80 470.00 Td (7,878) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 283.80 470.00 Td (6,315) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 314.80 470.00 Td (7,897) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 345.80 470.00 Td (5,314) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 376.80 470.00 Td (5,967) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 407.80 470.00 Td (7,028) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 437.80 470.00 Td (5,376) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 466.80 470.00 Td (3,165) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 499.80 470.00 Td (27,404) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.80 470.00 Td (21,536) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 75.50 455.00 Td (Share-based compensation expense) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 251.80 455.00 Td (1,545) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 283.80 455.00 Td (1,528) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 314.80 455.00 Td (1,817) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 345.80 455.00 Td (1,091) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 376.80 455.00 Td (1,165) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 407.80 455.00 Td (1,378) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 437.80 455.00 Td (1,105) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.80 455.00 Td (606) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 503.80 455.00 Td (5,981) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.80 455.00 Td (4,254) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 75.50 440.00 Td (Finance expense \(excluding interest\), net) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 206.79 443.63 Td (2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 251.80 440.00 Td (9,501) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 283.80 440.00 Td (6,421) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 312.10 440.00 Td (\(3,057) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 332.80 440.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 343.10 440.00 Td (\(2,367) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 363.80 440.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 376.80 440.00 Td (4,229) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 405.10 440.00 Td (\(8,904) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 425.80 440.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 437.80 440.00 Td (3,354) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.10 440.00 Td (\(1,673) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 484.80 440.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 499.80 440.00 Td (10,498) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 534.10 440.00 Td (\(2,994) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 554.80 440.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 75.50 425.00 Td (T) Tj ET Q q 0 0 0 rg BT 79.83 425.00 Td (angible benefit obligation expense) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 189.79 428.63 Td (4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 261.80 425.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 293.80 425.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 324.80 425.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 355.80 425.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 386.80 425.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 417.80 425.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 447.80 425.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 462.80 425.00 Td (14,215) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 513.80 425.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.80 425.00 Td (14,215) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 75.50 410.00 Td (Acquisition costs) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 261.80 410.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 293.80 410.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 324.80 410.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 355.80 410.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 382.80 410.00 Td (150) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 417.80 410.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 437.80 410.00 Td (1,077) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 466.80 410.00 Td (3,918) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 513.80 410.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.80 410.00 Td (5,145) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 75.50 397.70 Td (W) Tj ET Q q 0 0 0 rg BT 82.73 397.70 Td (rite-down of certain investment in film and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 75.50 389.70 Td (television) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 257.80 390.00 Td (800) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 289.80 390.00 Td (450) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 320.80 390.00 Td (500) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 355.80 390.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 376.80 390.00 Td (1,282) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 413.80 390.00 Td (517) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 447.80 390.00 Td (15) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 476.80 390.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 503.80 390.00 Td (1,750) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.80 390.00 Td (1,814) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 75.50 375.00 Td (Development and other expense) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 178.35 378.63 Td (5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 251.80 375.00 Td (1,828) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 283.80 375.00 Td (1,667) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 314.80 375.00 Td (1,316) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 345.80 375.00 Td (1,139) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 376.80 375.00 Td (1,919) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 413.80 375.00 Td (807) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 437.80 375.00 Td (1,665) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.80 375.00 Td (240) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 503.80 375.00 Td (5,950) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.80 375.00 Td (4,631) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 75.50 359.98 Td (Adjusted EBITDA) Tj ET Q BT /F4 8.00 Tf ET BT /F4 5.20 Tf ET q 0 0 0 rg BT 136.18 363.61 Td (1) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 247.80 359.98 Td (24,822) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 279.80 359.98 Td (32,736) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 310.80 359.98 Td (27,759) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 341.80 359.98 Td (18,372) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 372.80 359.98 Td (22,810) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 403.80 359.98 Td (29,803) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 433.80 359.98 Td (23,869) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 462.80 359.98 Td (13,727) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 495.80 359.98 Td (103,689) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 532.80 359.98 Td (90,209) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 75.50 339.00 Td (Selling, general and administrative, net of share-) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 75.50 331.00 Td (based compensation expense) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 247.80 331.00 Td (19,144) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 279.80 331.00 Td (17,776) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 310.80 331.00 Td (16,528) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 341.80 331.00 Td (16,185) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 372.80 331.00 Td (14,856) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 403.80 331.00 Td (14,990) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 433.80 331.00 Td (13,638) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 462.80 331.00 Td (11,347) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 499.80 331.00 Td (69,633) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.80 331.00 Td (54,831) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.50 315.98 Td (Gr) Tj ET Q q 0 0 0 rg BT 85.13 315.98 Td (oss Margin) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 123.13 319.61 Td (1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 247.80 315.98 Td (43,966) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 279.80 315.98 Td (50,512) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 310.80 315.98 Td (44,287) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 341.80 315.98 Td (34,557) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 372.80 315.98 Td (37,666) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 403.80 315.98 Td (44,793) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 433.80 315.98 Td (37,507) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 462.80 315.98 Td (25,074) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 495.80 315.98 Td (173,322) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 528.80 315.98 Td (145,040) Tj ET Q BT /F1 10.00 Tf ET BT /F1 7.00 Tf ET BT /F1 4.55 Tf ET q 0 0 0 rg BT 67.50 289.02 Td (1) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 69.77 285.85 Td (See ) Tj ET Q q 0 0 0 rg BT 81.63 285.85 Td (Use ) Tj ET Q q 0 0 0 rg BT 97.38 285.85 Td (of ) Tj ET Q q 0 0 0 rg BT 104.96 285.85 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 138.14 285.85 Td ( ) Tj ET Q q 0 0 0 rg BT 139.89 285.85 Td (Financial ) Tj ET Q q 0 0 0 rg BT 167.69 285.85 Td (Measures ) Tj ET Q q 0 0 0 rg BT 199.37 285.85 Td (section ) Tj ET Q q 0 0 0 rg BT 220.95 285.85 Td (of ) Tj ET Q q 0 0 0 rg BT 228.53 285.85 Td (this ) Tj ET Q q 0 0 0 rg BT 240.39 285.85 Td (MD&A) Tj ET Q q 0 0 0 rg BT 261.79 285.85 Td ( ) Tj ET Q q 0 0 0 rg BT 263.54 285.85 Td (for ) Tj ET Q q 0 0 0 rg BT 273.45 285.85 Td (further ) Tj ET Q q 0 0 0 rg BT 294.24 285.85 Td (details.) Tj ET Q BT /F1 7.00 Tf ET BT /F1 4.55 Tf ET q 0 0 0 rg BT 67.50 277.62 Td (2) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 69.77 274.45 Td (Finance ) Tj ET Q q 0 0 0 rg BT 93.68 274.45 Td (expense ) Tj ET Q q 0 0 0 rg BT 117.98 274.45 Td (per ) Tj ET Q q 0 0 0 rg BT 128.67 274.45 Td (the ) Tj ET Q q 0 0 0 rg BT 138.97 274.45 Td (financial ) Tj ET Q q 0 0 0 rg BT 165.20 274.45 Td (statements ) Tj ET Q q 0 0 0 rg BT 196.50 274.45 Td (has ) Tj ET Q q 0 0 0 rg BT 207.58 274.45 Td (been ) Tj ET Q q 0 0 0 rg BT 222.55 274.45 Td (split ) Tj ET Q q 0 0 0 rg BT 236.36 274.45 Td (between ) Tj ET Q q 0 0 0 rg BT 261.43 274.45 Td (its ) Tj ET Q q 0 0 0 rg BT 269.79 274.45 Td (interest ) Tj ET Q q 0 0 0 rg BT 292.14 274.45 Td (and ) Tj ET Q q 0 0 0 rg BT 304.00 274.45 Td (non-interest ) Tj ET Q q 0 0 0 rg BT 339.19 274.45 Td (components.) Tj ET Q BT /F1 7.00 Tf ET BT /F1 4.55 Tf ET q 0 0 0 rg BT 67.50 266.22 Td (3) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 69.77 263.05 Td (Amortization ) Tj ET Q q 0 0 0 rg BT 108.85 263.05 Td (is ) Tj ET Q q 0 0 0 rg BT 115.27 263.05 Td (made ) Tj ET Q q 0 0 0 rg BT 132.17 263.05 Td (up ) Tj ET Q q 0 0 0 rg BT 140.92 263.05 Td (of ) Tj ET Q q 0 0 0 rg BT 148.50 263.05 Td (amortization ) Tj ET Q q 0 0 0 rg BT 185.63 263.05 Td (of ) Tj ET Q q 0 0 0 rg BT 193.20 263.05 Td (P&E ) Tj ET Q q 0 0 0 rg BT 208.57 263.05 Td (and ) Tj ET Q q 0 0 0 rg BT 220.42 263.05 Td (intangibles ) Tj ET Q q 0 0 0 rg BT 252.89 263.05 Td (and ) Tj ET Q q 0 0 0 rg BT 264.74 263.05 Td (the ) Tj ET Q q 0 0 0 rg BT 275.04 263.05 Td (portion ) Tj ET Q q 0 0 0 rg BT 297.01 263.05 Td (of ) Tj ET Q q 0 0 0 rg BT 304.59 263.05 Td (expense ) Tj ET Q q 0 0 0 rg BT 328.89 263.05 Td (of ) Tj ET Q q 0 0 0 rg BT 336.47 263.05 Td (acquired ) Tj ET Q q 0 0 0 rg BT 362.31 263.05 Td (library ) Tj ET Q q 0 0 0 rg BT 382.72 263.05 Td (that ) Tj ET Q q 0 0 0 rg BT 394.96 263.05 Td (relates ) Tj ET Q q 0 0 0 rg BT 414.98 263.05 Td (to ) Tj ET Q q 0 0 0 rg BT 422.17 263.05 Td (the ) Tj ET Q q 0 0 0 rg BT 432.47 263.05 Td (amortization ) Tj ET Q q 0 0 0 rg BT 469.60 263.05 Td (of ) Tj ET Q q 0 0 0 rg BT 477.18 263.05 Td (the ) Tj ET Q q 0 0 0 rg BT 487.48 263.05 Td (purchase ) Tj ET Q q 0 0 0 rg BT 514.10 263.05 Td (accounting ) Tj ET Q q 0 0 0 rg BT 546.56 263.05 Td (bump ) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 67.50 254.65 Td (to ) Tj ET Q q 0 0 0 rg BT 75.25 254.65 Td (fair ) Tj ET Q q 0 0 0 rg BT 87.26 254.65 Td (value ) Tj ET Q q 0 0 0 rg BT 104.72 254.65 Td (for ) Tj ET Q q 0 0 0 rg BT 115.18 254.65 Td (all ) Tj ET Q q 0 0 0 rg BT 124.48 254.65 Td (acquired ) Tj ET Q q 0 0 0 rg BT 150.88 254.65 Td (libraries. ) Tj ET Q q 0 0 0 rg BT 177.70 254.65 Td (These ) Tj ET Q q 0 0 0 rg BT 196.71 254.65 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 232.46 254.65 Td (were ) Tj ET Q q 0 0 0 rg BT 248.36 254.65 Td (as ) Tj ET Q q 0 0 0 rg BT 256.49 254.65 Td (follows: ) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 281.74 254.65 Td (Q4 ) Tj ET Q q 0 0 0 rg BT 292.59 254.65 Td (2016) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 306.59 254.65 Td (-) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 308.92 254.65 Td ($3.91 ) Tj ET Q q 0 0 0 rg BT 326.98 254.65 Td (million) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 347.20 254.65 Td ( ) Tj ET Q q 0 0 0 rg BT 349.50 254.65 Td (and ) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 361.91 254.65 Td ($3.97 ) Tj ET Q q 0 0 0 rg BT 379.96 254.65 Td (million) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 400.19 254.65 Td (, ) Tj ET Q q 0 0 0 rg BT 404.24 254.65 Td (respectively; ) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 442.30 254.65 Td (Q3 ) Tj ET Q q 0 0 0 rg BT 453.16 254.65 Td (2016) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 467.16 254.65 Td (-) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 469.49 254.65 Td ($3.94 ) Tj ET Q q 0 0 0 rg BT 487.54 254.65 Td (million) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 507.76 254.65 Td ( ) Tj ET Q q 0 0 0 rg BT 510.06 254.65 Td (and ) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 522.47 254.65 Td ($2.38 ) Tj ET Q q 0 0 0 rg BT 540.52 254.65 Td (million) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 560.75 254.65 Td (, ) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 67.50 246.25 Td (respectively; ) Tj ET Q q 0 0 0 rg BT 104.48 246.25 Td (Q2 ) Tj ET Q q 0 0 0 rg BT 114.25 246.25 Td (2016-) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 130.58 246.25 Td ($3.46 ) Tj ET Q q 0 0 0 rg BT 147.54 246.25 Td (million) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 167.77 246.25 Td ( ) Tj ET Q q 0 0 0 rg BT 168.98 246.25 Td (and ) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 180.30 246.25 Td ($4.44 ) Tj ET Q q 0 0 0 rg BT 197.27 246.25 Td (million) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 217.49 246.25 Td (, ) Tj ET Q q 0 0 0 rg BT 220.45 246.25 Td (respectively; ) Tj ET Q q 0 0 0 rg BT 257.43 246.25 Td (Q1 ) Tj ET Q q 0 0 0 rg BT 267.20 246.25 Td (2016-) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 283.53 246.25 Td ($3.22 ) Tj ET Q q 0 0 0 rg BT 300.50 246.25 Td (million) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 320.72 246.25 Td ( ) Tj ET Q q 0 0 0 rg BT 321.93 246.25 Td (and ) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 333.26 246.25 Td ($2.10 ) Tj ET Q q 0 0 0 rg BT 350.22 246.25 Td (million) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 370.44 246.25 Td (, ) Tj ET Q q 0 0 0 rg BT 373.41 246.25 Td (respectively ) Tj ET Q q 0 0 0 rg BT 408.44 246.25 Td (\() Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 410.77 246.25 Td (Q4 ) Tj ET Q q 0 0 0 rg BT 420.54 246.25 Td (2015) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 434.54 246.25 Td (-) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 436.87 246.25 Td ($3.18 ) Tj ET Q q 0 0 0 rg BT 453.84 246.25 Td (million) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 474.06 246.25 Td ( ) Tj ET Q q 0 0 0 rg BT 475.27 246.25 Td (and ) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 486.60 246.25 Td ($2.80 ) Tj ET Q q 0 0 0 rg BT 503.56 246.25 Td (million) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 523.78 246.25 Td (, ) Tj ET Q q 0 0 0 rg BT 526.75 246.25 Td (respectively; 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) Tj ET Q q 0 0 0 rg BT 377.07 237.85 Td (Q1 ) Tj ET Q q 0 0 0 rg BT 387.10 237.85 Td (2015-) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 403.43 237.85 Td ($1.67 ) Tj ET Q q 0 0 0 rg BT 420.65 237.85 Td (million) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 440.88 237.85 Td ( ) Tj ET Q q 0 0 0 rg BT 442.35 237.85 Td (and ) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 453.94 237.85 Td ($1.49 ) Tj ET Q q 0 0 0 rg BT 471.16 237.85 Td (million) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 491.38 237.85 Td (\); ) Tj ET Q q 0 0 0 rg BT 497.14 237.85 Td (and ) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 508.72 237.85 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 526.92 237.85 Td (2016) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 540.92 237.85 Td (-) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 543.25 237.85 Td ($14.52 ) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 67.50 229.45 Td (million) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 87.72 229.45 Td ( ) Tj ET Q q 0 0 0 rg BT 89.47 229.45 Td (and ) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 101.33 229.45 Td ($12.88 ) Tj ET Q q 0 0 0 rg BT 122.33 229.45 Td (million) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 142.56 229.45 Td (, ) Tj ET Q q 0 0 0 rg BT 146.06 229.45 Td (respectively ) Tj ET Q q 0 0 0 rg BT 181.62 229.45 Td (\() Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 183.95 229.45 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 202.42 229.45 Td (2015) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 216.42 229.45 Td (-) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 218.76 229.45 Td ($10.41 ) Tj ET Q q 0 0 0 rg BT 239.76 229.45 Td (million) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 259.98 229.45 Td ( ) Tj ET Q q 0 0 0 rg BT 261.73 229.45 Td (and ) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 273.59 229.45 Td ($1) Tj ET Q q 0 0 0 rg BT 280.33 229.45 Td (1.13 ) Tj ET Q q 0 0 0 rg BT 294.33 229.45 Td (million) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 314.55 229.45 Td (, ) Tj ET Q q 0 0 0 rg BT 318.05 229.45 Td (respectively\). ) Tj ET Q BT /F1 7.00 Tf ET BT /F1 4.55 Tf ET q 0 0 0 rg BT 67.50 221.22 Td (4) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 69.77 218.05 Td (See ) Tj ET Q q 0 0 0 rg BT 81.63 218.05 Td (the ) Tj ET Q q 0 0 0 rg BT 91.93 218.05 Td ("DHX ) Tj ET Q q 0 0 0 rg BT 111.58 218.05 Td (T) Tj ET Q q 0 0 0 rg BT 115.37 218.05 Td (elevision ) Tj ET Q q 0 0 0 rg BT 142.26 218.05 Td (T) Tj ET Q q 0 0 0 rg BT 146.05 218.05 Td (angible ) Tj ET Q q 0 0 0 rg BT 168.40 218.05 Td (Benefit ) Tj ET Q q 0 0 0 rg BT 190.76 218.05 Td (Obligation" ) Tj ET Q q 0 0 0 rg BT 225.31 218.05 Td (section ) Tj ET Q q 0 0 0 rg BT 246.88 218.05 Td (of ) Tj ET Q q 0 0 0 rg BT 254.46 218.05 Td (the ) Tj ET Q q 0 0 0 rg BT 264.77 218.05 Td (2015 ) Tj ET Q q 0 0 0 rg BT 280.13 218.05 Td (Annual ) Tj ET Q q 0 0 0 rg BT 302.49 218.05 Td (MD&A) Tj ET Q q 0 0 0 rg BT 323.88 218.05 Td ( ) Tj ET Q q 0 0 0 rg BT 325.63 218.05 Td (for ) Tj ET Q q 0 0 0 rg BT 335.54 218.05 Td (additional ) Tj ET Q q 0 0 0 rg BT 365.29 218.05 Td (details.) Tj ET Q BT /F1 7.00 Tf ET BT /F1 4.55 Tf ET q 0 0 0 rg BT 67.50 209.82 Td (5) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 69.77 206.65 Td (Development ) Tj ET Q q 0 0 0 rg BT 108.69 206.65 Td (and ) Tj ET Q q 0 0 0 rg BT 120.01 206.65 Td (other ) Tj ET Q q 0 0 0 rg BT 135.60 206.65 Td (expenses ) Tj ET Q q 0 0 0 rg BT 162.08 206.65 Td (for ) Tj ET Q q 0 0 0 rg BT 171.45 206.65 Td (Q4 ) Tj ET Q q 0 0 0 rg BT 181.22 206.65 Td (2016 ) Tj ET Q q 0 0 0 rg BT 196.42 206.65 Td (tie ) Tj ET Q q 0 0 0 rg BT 204.63 206.65 Td (directly ) Tj ET Q q 0 0 0 rg BT 227.22 206.65 Td (to ) Tj ET Q q 0 0 0 rg BT 233.87 206.65 Td (the ) Tj ET Q q 0 0 0 rg BT 243.63 206.65 Td (financial ) Tj ET Q q 0 0 0 rg BT 269.33 206.65 Td (statements ) Tj ET Q q 0 0 0 rg BT 300.09 206.65 Td (and ) Tj ET Q q 0 0 0 rg BT 311.40 206.65 Td (includes ) Tj ET Q q 0 0 0 rg BT 335.94 206.65 Td (costs ) Tj ET Q q 0 0 0 rg BT 351.15 206.65 Td (related ) Tj ET Q q 0 0 0 rg BT 371.40 206.65 Td (to ) Tj ET Q q 0 0 0 rg BT 378.05 206.65 Td (the ) Tj ET Q q 0 0 0 rg BT 387.81 206.65 Td (rebranding ) Tj ET Q q 0 0 0 rg BT 419.34 206.65 Td (of ) Tj ET Q q 0 0 0 rg BT 426.38 206.65 Td (DHX ) Tj ET Q q 0 0 0 rg BT 442.76 206.65 Td (television ) Tj ET Q q 0 0 0 rg BT 471.18 206.65 Td (of ) Tj ET Q q 0 0 0 rg BT 478.22 206.65 Td ($nil, ) Tj ET Q q 0 0 0 rg BT 492.07 206.65 Td (severance ) Tj ET Q q 0 0 0 rg BT 520.87 206.65 Td (and ) Tj ET Q q 0 0 0 rg BT 532.19 206.65 Td (integration ) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 67.50 198.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 83.34 198.25 Td (of ) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 91.01 198.25 Td ($0.38 ) Tj ET Q q 0 0 0 rg BT 108.60 198.25 Td (million) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 128.82 198.25 Td (, ) Tj ET Q q 0 0 0 rg BT 132.41 198.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 148.24 198.25 Td (termination ) Tj ET Q q 0 0 0 rg BT 182.35 198.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 198.19 198.25 Td (of ) Tj ET Q q 0 0 0 rg BT 205.86 198.25 Td ($nil, ) Tj ET Q q 0 0 0 rg BT 220.33 198.25 Td (development ) Tj ET Q q 0 0 0 rg BT 258.33 198.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 274.17 198.25 Td (and ) Tj ET Q q 0 0 0 rg BT 286.11 198.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 301.95 198.25 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 337.23 198.25 Td (not ) Tj ET Q q 0 0 0 rg BT 348.02 198.25 Td (completed ) Tj ET Q q 0 0 0 rg BT 379.01 198.25 Td (of ) Tj ET Q q 0 0 0 rg BT 386.68 198.25 Td ($1.45 ) Tj ET Q q 0 0 0 rg BT 404.27 198.25 Td (million, ) Tj ET Q q 0 0 0 rg BT 428.08 198.25 Td (and ) Tj ET Q q 0 0 0 rg BT 440.03 198.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 455.87 198.25 Td (related ) Tj ET Q q 0 0 0 rg BT 476.75 198.25 Td (to ) Tj ET Q q 0 0 0 rg BT 484.03 198.25 Td (a ) Tj ET Q q 0 0 0 rg BT 488.98 198.25 Td (withdrawn ) Tj ET Q q 0 0 0 rg BT 520.75 198.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 540.09 198.25 Td (of) Tj ET Q q 0 0 0 rg BT 545.79 198.25 Td (fering ) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 67.50 189.85 Td (of ) Tj ET Q q 0 0 0 rg BT 75.20 189.85 Td ($nil ) Tj ET Q q 0 0 0 rg BT 87.97 189.85 Td (\(Q3 ) Tj ET Q q 0 0 0 rg BT 100.73 189.85 Td (2016 ) Tj ET Q q 0 0 0 rg BT 116.60 189.85 Td (- ) Tj ET Q q 0 0 0 rg BT 120.80 189.85 Td ($1.30 ) Tj ET Q q 0 0 0 rg BT 138.43 189.85 Td (million, ) Tj ET Q q 0 0 0 rg BT 162.27 189.85 Td ($0.37 ) Tj ET Q q 0 0 0 rg BT 179.90 189.85 Td (million, ) Tj ET Q q 0 0 0 rg BT 203.74 189.85 Td ($nil, ) Tj ET Q q 0 0 0 rg BT 218.26 189.85 Td ($nil ) Tj ET Q q 0 0 0 rg BT 231.02 189.85 Td (and ) Tj ET Q q 0 0 0 rg BT 243.00 189.85 Td ($nil, ) Tj ET Q q 0 0 0 rg BT 257.51 189.85 Td (respectively; 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Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 67.50 161.65 Td (.) Tj ET Q endstream endobj 79 0 obj <> endobj 80 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6 0.6 0.6 rg BT 301.00 31.60 Td (39) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 67.50 742.25 Td (Reconciliation ) Tj ET Q q 0 0 0 rg BT 131.10 742.25 Td (of ) Tj ET Q q 0 0 0 rg BT 141.93 742.25 Td (Historical ) Tj ET Q q 0 0 0 rg BT 186.65 742.25 Td (Results ) Tj ET Q q 0 0 0 rg BT 220.26 742.25 Td (to ) Tj ET Q q 0 0 0 rg BT 230.54 742.25 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 271.93 742.25 Td (Net ) Tj ET Q q 0 0 0 rg BT 289.42 742.25 Td (Income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 724.25 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 105.67 724.25 Td (Net ) Tj ET Q q 0 0 0 rg BT 122.16 724.25 Td (Income ) Tj ET Q q 0 0 0 rg BT 154.21 724.25 Td (is ) Tj ET Q q 0 0 0 rg BT 162.93 724.25 Td (not ) Tj ET Q q 0 0 0 rg BT 177.77 724.25 Td (a ) Tj ET Q q 0 0 0 rg BT 184.27 724.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 230.19 724.25 Td 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rg BT 273.62 712.25 Td (not ) Tj ET Q q 0 0 0 rg BT 289.13 712.25 Td (be ) Tj ET Q q 0 0 0 rg BT 301.30 712.25 Td (comparable ) Tj ET Q q 0 0 0 rg BT 350.67 712.25 Td (to ) Tj ET Q q 0 0 0 rg BT 361.18 712.25 Td (similar ) Tj ET Q q 0 0 0 rg BT 391.69 712.25 Td (measures ) Tj ET Q q 0 0 0 rg BT 431.63 712.25 Td (presented ) Tj ET Q q 0 0 0 rg BT 472.68 712.25 Td (by ) Tj ET Q q 0 0 0 rg BT 485.41 712.25 Td (other ) Tj ET Q q 0 0 0 rg BT 508.69 712.25 Td (companies ) Tj ET Q q 0 0 0 rg BT 554.18 712.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 700.25 Td (issuers. ) Tj ET Q q 0 0 0 rg BT 100.47 700.25 Td (Investors ) Tj ET Q q 0 0 0 rg BT 140.38 700.25 Td (are ) Tj ET Q q 0 0 0 rg BT 155.83 700.25 Td (cautioned ) Tj ET Q q 0 0 0 rg BT 197.95 700.25 Td (that ) Tj ET Q q 0 0 0 rg BT 215.47 700.25 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 254.83 700.25 Td (Net ) Tj ET Q q 0 0 0 rg BT 272.52 700.25 Td (Income ) Tj ET Q q 0 0 0 rg BT 305.75 700.25 Td (should ) Tj ET Q q 0 0 0 rg BT 335.67 700.25 Td (not ) Tj ET Q q 0 0 0 rg BT 351.69 700.25 Td (be ) Tj ET Q q 0 0 0 rg BT 364.38 700.25 Td (construed ) Tj ET Q q 0 0 0 rg BT 406.50 700.25 Td (as ) Tj ET Q q 0 0 0 rg BT 418.08 700.25 Td (an ) Tj ET Q q 0 0 0 rg BT 430.76 700.25 Td (alternative ) Tj ET Q q 0 0 0 rg BT 476.21 700.25 Td (to ) Tj ET Q q 0 0 0 rg BT 487.23 700.25 Td (net ) Tj ET Q q 0 0 0 rg BT 502.70 700.25 Td (income ) Tj ET Q q 0 0 0 rg BT 535.38 700.25 Td (or ) Tj ET Q q 0 0 0 rg BT 546.95 700.25 Td (loss ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 688.25 Td (determined ) Tj ET Q q 0 0 0 rg BT 114.08 688.25 Td (in ) Tj ET Q q 0 0 0 rg BT 123.45 688.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 170.01 688.25 Td (with ) Tj ET Q q 0 0 0 rg BT 189.38 688.25 Td (GAAP) Tj ET Q q 0 0 0 rg BT 216.24 688.25 Td ( ) Tj ET Q q 0 0 0 rg BT 217.83 688.25 Td (as ) Tj ET Q q 0 0 0 rg BT 227.76 688.25 Td (an ) Tj ET Q q 0 0 0 rg BT 238.79 688.25 Td (indicator ) Tj ET Q q 0 0 0 rg BT 275.93 688.25 Td (or ) Tj ET Q q 0 0 0 rg BT 285.86 688.25 Td (the ) Tj ET Q q 0 0 0 rg BT 299.67 688.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 345.84 688.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 397.96 688.25 Td (or ) Tj ET Q q 0 0 0 rg BT 407.89 688.25 Td (to ) Tj ET Q q 0 0 0 rg BT 417.26 688.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 436.63 688.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 460.44 688.25 Td (from ) Tj ET Q q 0 0 0 rg BT 481.48 688.25 Td (operating, ) Tj ET Q q 0 0 0 rg BT 523.34 688.25 Td (investing, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 676.25 Td (and ) Tj ET Q q 0 0 0 rg BT 84.69 676.25 Td (financing ) Tj ET Q q 0 0 0 rg BT 125.21 676.25 Td (activities ) Tj ET Q q 0 0 0 rg BT 164.06 676.25 Td (as ) Tj ET Q q 0 0 0 rg BT 175.14 676.25 Td (a ) Tj ET Q q 0 0 0 rg BT 182.33 676.25 Td (measure ) Tj ET Q q 0 0 0 rg BT 218.40 676.25 Td (of ) Tj ET Q q 0 0 0 rg BT 229.49 676.25 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 266.13 676.25 Td (and ) Tj ET Q q 0 0 0 rg BT 283.32 676.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 303.84 676.25 Td (flows. ) Tj ET Q q 0 0 0 rg BT 331.12 676.25 Td (The ) Tj ET Q q 0 0 0 rg BT 349.42 676.25 Td (following ) Tj ET Q q 0 0 0 rg BT 391.06 676.25 Td (table ) Tj ET Q q 0 0 0 rg BT 413.24 676.25 Td (reconciles ) Tj ET Q q 0 0 0 rg BT 456.53 676.25 Td (net ) Tj ET Q q 0 0 0 rg BT 471.50 676.25 Td (income ) Tj ET Q q 0 0 0 rg BT 503.69 676.25 Td (to ) Tj ET Q q 0 0 0 rg BT 514.22 676.25 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 550.29 676.25 Td (net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 664.25 Td (Income ) Tj ET Q q 0 0 0 rg BT 98.81 664.25 Td (and ) Tj ET Q q 0 0 0 rg BT 114.57 664.25 Td (on ) Tj ET Q q 0 0 0 rg BT 125.89 664.25 Td (the ) Tj ET Q q 0 0 0 rg BT 139.43 664.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 185.33 664.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 237.20 664.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 273.50 664.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 317.03 664.25 Td (found ) Tj ET Q q 0 0 0 rg BT 341.69 664.25 Td (on ) Tj ET Q q 0 0 0 rg BT 353.01 664.25 Td (www) Tj ET Q q 0 0 0 rg BT 374.02 664.25 Td (.sedar) Tj ET Q q 0 0 0 rg BT 397.07 664.25 Td (.com, ) Tj ET Q q 0 0 0 rg BT 420.61 664.25 Td (www) Tj ET Q q 0 0 0 rg BT 441.63 664.25 Td (.dhxmedia.com, ) Tj ET Q q 0 0 0 rg BT 507.10 664.25 Td (or ) Tj ET Q q 0 0 0 rg BT 516.75 664.25 Td (on ) Tj ET Q q 0 0 0 rg BT 528.07 664.25 Td (EDGAR ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 652.25 Td (at ) Tj ET Q q 0 0 0 rg BT 77.22 652.25 Td (www) Tj ET Q q 0 0 0 rg BT 98.23 652.25 Td (.sec.gov/edgar) Tj ET Q q 0 0 0 rg BT 155.43 652.25 Td (.shtml. ) Tj ET Q q 0 0 0 rg BT 185.16 652.25 Td (For ) Tj ET Q q 0 0 0 rg BT 201.55 652.25 Td (further ) Tj ET Q q 0 0 0 rg BT 231.26 652.25 Td (description ) Tj ET Q q 0 0 0 rg BT 278.19 652.25 Td (see ) Tj ET Q q 0 0 0 rg BT 293.46 652.25 Td ("Use ) Tj ET Q q 0 0 0 rg BT 315.60 652.25 Td (of ) Tj ET Q q 0 0 0 rg BT 326.43 652.25 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 373.83 652.25 Td ( ) Tj ET Q q 0 0 0 rg BT 376.33 652.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 416.04 652.25 Td (Measures" ) Tj ET Q q 0 0 0 rg BT 460.95 652.25 Td (elsewhere ) Tj ET Q q 0 0 0 rg BT 503.42 652.25 Td (in ) Tj ET Q q 0 0 0 rg BT 513.70 652.25 Td (the ) Tj ET Q q 0 0 0 rg BT 528.42 652.25 Td (MD&A. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 634.25 Td (The ) Tj ET Q q 0 0 0 rg BT 86.67 634.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 130.28 634.25 Td (r) Tj ET Q q 0 0 0 rg BT 134.54 634.25 Td (esults ) Tj ET Q q 0 0 0 rg BT 160.93 634.25 Td (for) Tj ET Q q 0 0 0 rg BT 173.52 634.25 Td ( ) Tj ET Q q 0 0 0 rg BT 176.02 634.25 Td (any ) Tj ET Q q 0 0 0 rg BT 194.08 634.25 Td (period ) Tj ET Q q 0 0 0 rg BT 224.36 634.25 Td (should ) Tj ET Q q 0 0 0 rg BT 255.21 634.25 Td (not ) Tj ET Q q 0 0 0 rg BT 271.60 634.25 Td (be ) Tj ET Q q 0 0 0 rg BT 284.10 634.25 Td (r) Tj ET Q q 0 0 0 rg BT 288.36 634.25 Td (elied ) Tj ET Q q 0 0 0 rg BT 310.85 634.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 335.04 634.25 Td (as ) Tj ET Q q 0 0 0 rg BT 346.43 634.25 Td (an ) Tj ET Q q 0 0 0 rg BT 359.49 634.25 Td (indication ) Tj ET Q q 0 0 0 rg BT 404.78 634.25 Td (of ) Tj ET Q q 0 0 0 rg BT 415.61 634.25 Td (r) Tj ET Q q 0 0 0 rg BT 419.87 634.25 Td (esults ) Tj ET Q q 0 0 0 rg BT 446.26 634.25 Td (for) Tj ET Q q 0 0 0 rg BT 458.85 634.25 Td ( ) Tj ET Q q 0 0 0 rg BT 461.35 634.25 Td (any ) Tj ET Q q 0 0 0 rg BT 479.41 634.25 Td (futur) Tj ET Q q 0 0 0 rg BT 501.45 634.25 Td (e ) Tj ET Q q 0 0 0 rg BT 508.39 634.25 Td (period. ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67 617.75 m 67 602.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67 617.75 m 76 617.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 76 617.75 m 220 617.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 220 617.75 m 254 617.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254 617.75 m 288 617.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288 617.75 m 326 617.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 617.75 m 356 617.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 617.75 m 390 617.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390 617.75 m 424 617.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424 617.75 m 456 617.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456 617.75 m 489 617.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489 617.75 m 522 617.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 522 617.75 m 558 617.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562 617.75 m 562 602.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 558 617.75 m 562 617.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67 602.75 m 67 576.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562 602.75 m 562 576.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67 576.75 m 67 561.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562 576.75 m 562 561.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67 561.75 m 67 546.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562 561.75 m 562 546.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67 546.75 m 67 538.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562 546.75 m 562 538.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67 538.75 m 67 514.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562 538.75 m 562 514.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67 514.75 m 67 484.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562 514.75 m 562 484.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67 484.75 m 67 456.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562 484.75 m 562 456.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67 456.75 m 67 425.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562 456.75 m 562 425.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67 425.75 m 67 403.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562 425.75 m 562 403.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67 403.75 m 67 382.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562 403.75 m 562 382.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67 382.75 m 67 366.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 220 366.75 m 254 366.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254 366.75 m 288 366.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288 366.75 m 326 366.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 366.75 m 356 366.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 366.75 m 390 366.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390 366.75 m 424 366.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424 366.75 m 456 366.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456 366.75 m 489 366.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489 366.75 m 522 366.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 522 366.75 m 558 366.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562 382.75 m 562 366.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67 366.75 m 67 362.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562 366.75 m 562 362.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67 362.75 m 67 347.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 220 348.75 m 254 348.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 220 346.75 m 254 346.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254 348.75 m 288 348.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254 346.75 m 288 346.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288 348.75 m 326 348.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288 346.75 m 326 346.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 348.75 m 356 348.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 346.75 m 356 346.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 348.75 m 390 348.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 346.75 m 390 346.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390 348.75 m 424 348.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390 346.75 m 424 346.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424 348.75 m 456 348.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424 346.75 m 456 346.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456 348.75 m 489 348.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456 346.75 m 489 346.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489 348.75 m 522 348.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489 346.75 m 522 346.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 522 348.75 m 558 348.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 522 346.75 m 558 346.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562 362.75 m 562 347.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67 347.75 m 67 332.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 67 332.75 m 76 332.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 76 332.75 m 220 332.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 220 332.75 m 254 332.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254 332.75 m 288 332.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288 332.75 m 326 332.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 332.75 m 356 332.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 332.75 m 390 332.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390 332.75 m 424 332.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424 332.75 m 456 332.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456 332.75 m 489 332.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489 332.75 m 522 332.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 522 332.75 m 558 332.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562 347.75 m 562 332.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 558 332.75 m 562 332.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 225.90 591.43 Td ( Q4 - ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 224.85 581.43 Td (2016) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 244.85 585.96 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 259.90 591.43 Td ( Q3 - ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 258.85 581.43 Td (2016) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 278.85 585.96 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 295.90 591.43 Td ( Q2 - ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 294.85 581.43 Td (2016) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 314.85 585.96 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 329.90 591.43 Td ( Q1 - ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 328.85 581.43 Td (2016) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 348.85 585.96 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 361.90 591.43 Td ( Q4 - ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 360.85 581.43 Td (2015) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 380.85 585.96 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 395.90 591.43 Td ( Q3 - ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 394.85 581.43 Td (2015) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 414.85 585.96 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 428.90 591.43 Td ( Q2 - ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 427.85 581.43 Td (2015) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 447.85 585.96 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 461.40 591.43 Td ( Q1 - ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 460.35 581.43 Td (2015) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 480.35 585.96 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.50 591.43 Td (Fiscal ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 493.35 581.43 Td (2016) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 513.35 585.96 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 527.00 591.43 Td (Fiscal ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 527.85 581.43 Td (2015) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 547.85 585.96 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.50 551.42 Td (Net income \(loss\) for the period) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 227.25 551.21 Td (\(1,746) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 250.50 551.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 259.35 551.21 Td (10,219) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 297.35 551.21 Td (11,671) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 331.85 551.21 Td (7,524) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 365.85 551.21 Td (3,696) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 395.35 551.21 Td (18,031) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 431.85 551.21 Td (5,539) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 461.90 551.21 Td (\(7,733) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 485.15 551.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 493.35 551.21 Td (27,668) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.35 551.21 Td (19,533) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.50 529.32 Td (Acquisition costs, net of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.50 519.32 Td (estimated tax effect) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 241.50 519.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 275.15 519.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 313.15 519.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 343.15 519.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 372.60 519.21 Td (129) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 411.15 519.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 431.85 519.21 Td (1,476) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 464.85 519.21 Td (2,820) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 509.15 519.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.85 519.21 Td (3,340) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.50 499.42 Td (Tangible benefit obligation, net of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.50 489.42 Td (estimated tax effect) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 241.50 489.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 275.15 489.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 313.15 489.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 343.15 489.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 377.15 489.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 411.15 489.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 443.15 489.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 460.35 489.21 Td (10,448) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 509.15 489.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.35 489.21 Td (10,448) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.50 471.42 Td (TV) Tj ET Q q 0 0 0 rg BT 91.65 471.42 Td ( Rebranding costs, net of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.50 461.42 Td (estimated tax ef) Tj ET Q q 0 0 0 rg BT 141.63 461.42 Td (fect) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 156.61 465.95 Td (3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 241.50 461.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 270.60 461.21 Td (906) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 308.65 461.21 Td (923) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 338.60 461.21 Td (516) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 377.15 461.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 411.15 461.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 443.15 461.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 476.15 461.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 497.85 461.21 Td (2,345) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.15 461.21 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.50 447.32 Td (Severance costs, lease termination ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.50 437.32 Td (and other) Tj ET Q q 0 0 0 rg BT 115.58 437.32 Td (, net of estimated tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.50 427.37 Td (ef) Tj ET Q q 0 0 0 rg BT 86.09 427.37 Td (fect) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 101.07 431.90 Td (3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 237.00 430.21 Td (265) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 270.60 430.21 Td (259) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 313.15 430.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 338.60 430.21 Td (281) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 372.60 430.21 Td (821) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 411.15 430.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 443.15 430.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 476.15 430.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 504.60 430.21 Td (805) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.85 430.21 Td (1,906) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.50 416.32 Td (Proposed equity of) Tj ET Q q 0 0 0 rg BT 153.87 416.32 Td (fering costs, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.50 406.37 Td (net of estimated tax ef) Tj ET Q q 0 0 0 rg BT 167.17 406.37 Td (fect) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 182.16 410.90 Td (3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 241.50 408.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 275.15 408.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 313.15 408.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 343.15 408.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 372.60 408.21 Td (360) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 411.15 408.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 443.15 408.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 476.15 408.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 509.15 408.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 540.65 408.21 Td (360) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.50 394.32 Td (Development expenses and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.50 384.37 Td (acquisition costs not completed) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 230.25 387.21 Td (1,015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.15 387.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.15 387.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.10 387.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.15 387.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.15 387.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.15 387.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.15 387.42 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 497.85 387.21 Td (1,015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 387.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.50 371.42 Td (Debt extinguishment charge) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 237.00 371.21 Td (955) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 275.15 371.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 313.15 371.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 343.15 371.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 377.15 371.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 411.15 371.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 431.85 371.21 Td (2,817) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 476.15 371.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 504.60 371.21 Td (955) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.85 371.21 Td (2,817) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.50 352.42 Td (Adjusted net income) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 161.26 356.95 Td (1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 237.00 352.21 Td (489) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 259.35 352.21 Td (11,384) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 297.35 352.21 Td (12,594) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 331.85 352.21 Td (8,321) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 365.85 352.21 Td (5,006) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 395.35 352.21 Td (18,031) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 431.85 352.21 Td (9,832) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 464.85 352.21 Td (5,535) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 493.35 352.21 Td (32,788) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.35 352.21 Td (38,404) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 67.50 327.27 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 70.10 323.65 Td (See "Use of Non-GAAP) Tj ET Q q 0 0 0 rg BT 147.95 323.65 Td ( Financial Measures" section of this MD&A) Tj ET Q q 0 0 0 rg BT 288.97 323.65 Td ( for further details.) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 67.50 317.68 Td (2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 70.10 314.05 Td (Certain of the 2015 comparative figures have been reclassified to align with the 2016 presentation.) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 67.50 308.07 Td (3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 70.10 304.45 Td (Included in Development expenses and other) Tj ET Q q 0 0 0 rg BT 213.83 304.45 Td (.) Tj ET Q endstream endobj 81 0 obj <> endobj 82 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6 0.6 0.6 rg BT 301.00 31.60 Td (40) Tj ET Q /GS0 gs q 120.00 0 0 62.00 266.25 443.30 cm /I2 Do Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 12.00 Tf ET q 0 0 0 rg BT 276.25 361.70 Td (DHX MEDIA) Tj ET Q q 0 0 0 rg BT 346.59 361.70 Td ( L) Tj ET Q q 0 0 0 rg BT 356.49 361.70 Td (TD.) Tj ET Q BT /F2 18.00 Tf ET q 0 0 0 rg BT 283.50 320.90 Td (Fiscal 2016) Tj ET Q BT /F2 18.00 Tf ET q 0 0 0 rg BT 368.99 320.90 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 263.75 262.10 Td (Supplemental Information) Tj ET Q endstream endobj 83 0 obj <> endobj 84 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6 0.6 0.6 rg BT 301.00 31.60 Td (41) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 90.00 742.25 Td (I. ) Tj ET Q q 0 0 0 rg BT 98.46 742.25 Td ( ) Tj ET Q q 0 0 0 rg BT 100.53 742.25 Td (Summary ) Tj ET Q q 0 0 0 rg BT 144.81 742.25 Td (of ) Tj ET Q q 0 0 0 rg BT 155.21 742.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 197.26 742.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 225.45 742.25 Td (and ) Tj ET Q q 0 0 0 rg BT 243.64 742.25 Td (options ) Tj ET Q q 0 0 0 rg BT 276.83 742.25 Td (granted ) Tj ET Q q 0 0 0 rg BT 312.23 742.25 Td (during ) Tj ET Q q 0 0 0 rg BT 343.20 742.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 358.60 742.25 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 385.66 742.25 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 405.66 742.25 Td ( ) Tj ET Q q 0 0 0 rg BT 407.72 742.25 Td (\(expr) Tj ET Q q 0 0 0 rg BT 430.31 742.25 Td (essed ) Tj ET Q q 0 0 0 rg BT 454.60 742.25 Td (in ) Tj ET Q q 0 0 0 rg BT 465.01 742.25 Td (thousands ) Tj ET Q q 0 0 0 rg BT 510.43 742.25 Td (of ) Tj ET Q q 0 0 0 rg BT 520.83 742.25 Td (Canadian ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 90.00 730.25 Td (dollars, ) Tj ET Q q 0 0 0 rg BT 124.45 730.25 Td (except ) Tj ET Q q 0 0 0 rg BT 154.16 730.25 Td (for) Tj ET Q q 0 0 0 rg BT 166.74 730.25 Td ( ) Tj ET Q q 0 0 0 rg BT 169.24 730.25 Td (shar) Tj ET Q q 0 0 0 rg BT 187.95 730.25 Td (es ) Tj ET Q q 0 0 0 rg BT 198.78 730.25 Td (and ) Tj ET Q q 0 0 0 rg BT 217.41 730.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 256.58 730.25 Td (per) Tj ET Q q 0 0 0 rg BT 270.84 730.25 Td ( ) Tj ET Q q 0 0 0 rg BT 273.34 730.25 Td (shar) Tj ET Q q 0 0 0 rg BT 292.05 730.25 Td (e\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 108.00 706.25 Td (a. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 126.00 706.25 Td (Summary of securities issued) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341.75 650.75 m 464.75 650.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.75 650.75 m 561.75 650.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341.75 568.75 m 464.75 568.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341.75 554.75 m 464.75 554.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341.75 552.75 m 464.75 552.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.75 568.75 m 561.75 568.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.75 554.75 m 561.75 554.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.75 552.75 m 561.75 552.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 358.65 665.43 Td (Number of Common) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 388.35 655.43 Td (Shares) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 500.70 670.43 Td (Value) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 510.25 655.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 92.25 641.48 Td (Balance at June 30, 2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 410.90 641.48 Td (123,982,312) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.40 641.48 Td (236,757) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.25 624.37 Td (Issued for cash consideration, net of costs and tax effect) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.90 624.37 Td (8,667,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.40 624.37 Td (62,480) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.25 612.37 Td (Shares issued as part of employee share purchase plan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.40 612.37 Td (32,538) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.90 612.37 Td (264) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.25 600.37 Td (Dividends reinvested) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.40 600.37 Td (88,754) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.90 600.37 Td (597) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.25 588.37 Td (NCIB shares repurchased and cancelled) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.05 588.37 Td (\(659,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.90 588.37 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.05 588.37 Td (\(1,265) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.90 588.37 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.25 576.37 Td (Options exercised) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.90 576.37 Td (1,663,125) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.40 576.37 Td (3,995) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 92.25 558.43 Td (Balance at June 30, 2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 410.90 558.43 Td (133,774,729) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.40 558.43 Td (302,828) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 108.00 529.05 Td (b. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 126.00 529.05 Td (Summary of options and warrants) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341.75 491.55 m 464.75 491.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.75 491.55 m 561.75 491.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341.75 439.55 m 464.75 439.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.75 439.55 m 561.75 439.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341.75 439.55 m 464.75 439.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341.75 425.55 m 464.75 425.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341.75 423.55 m 464.75 423.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.75 439.55 m 561.75 439.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.75 425.55 m 561.75 425.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.75 423.55 m 561.75 423.55 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.85 496.22 Td (Number of Options) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.50 506.22 Td (Weighted-average) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.10 496.22 Td (exercise price) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.25 494.17 Td (Options) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 92.25 475.28 Td (Balance at June 30, 2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 420.90 475.28 Td (6,353,750) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.75 475.28 Td ($5.10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.25 459.17 Td (Options granted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.90 459.17 Td (2,446,500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.75 459.17 Td ($8.15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.25 447.17 Td (Options exercised) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.55 447.17 Td (\(1,663,125) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.90 447.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.75 447.17 Td ($1.65) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 92.25 429.23 Td (Balance at June 30, 2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 420.90 429.23 Td (7,137,125) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.75 429.23 Td ($6.93) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 90.00 399.85 Td (c) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.44 399.85 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.44 399.85 Td (Summary of securities as at the end of the r) Tj ET Q q 0 0 0 rg BT 289.51 399.85 Td (eporting period) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 108.00 381.85 Td (1. ) Tj ET Q q 0 0 0 rg BT 122.45 381.85 Td (Authorized shar) Tj ET Q q 0 0 0 rg BT 191.99 381.85 Td (e capital) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.00 362.85 Td (100,000,000 Preferred ) Tj ET Q q 0 0 0 rg BT 218.02 362.85 Td (V) Tj ET Q q 0 0 0 rg BT 224.13 362.85 Td (ariable ) Tj ET Q q 0 0 0 rg BT 253.65 362.85 Td (V) Tj ET Q q 0 0 0 rg BT 259.58 362.85 Td (oting Shares \(") Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 319.21 362.85 Td (PVVS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.33 362.85 Td ("\), redeemable at the option of the Company at any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.50 349.85 Td (time at a millionth of a cent per share, no entitlement to dividends, voting) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.00 336.85 Td (Unlimited Common ) Tj ET Q q 0 0 0 rg BT 208.60 336.85 Td (V) Tj ET Q q 0 0 0 rg BT 214.53 336.85 Td (oting Shares without nominal or par value) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.00 323.85 Td (Unlimited ) Tj ET Q q 0 0 0 rg BT 168.87 323.85 Td (V) Tj ET Q q 0 0 0 rg BT 174.98 323.85 Td (ariable ) Tj ET Q q 0 0 0 rg BT 204.51 323.85 Td (V) Tj ET Q q 0 0 0 rg BT 210.44 323.85 Td (oting Shares without nominal or par value) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.00 310.85 Td (Unlimited Non-V) Tj ET Q q 0 0 0 rg BT 195.54 310.85 Td (oting Shares without nominal or par value) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 108.00 292.85 Td (2. Shar) Tj ET Q q 0 0 0 rg BT 143.38 292.85 Td (es outstanding and r) Tj ET Q q 0 0 0 rg BT 230.17 292.85 Td (ecorded value) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.00 274.85 Td (133,774,729) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.00 274.85 Td ( ) Tj ET Q q 0 0 0 rg BT 178.10 274.85 Td (common ) Tj ET Q q 0 0 0 rg BT 215.19 274.85 Td (shares ) Tj ET Q q 0 0 0 rg BT 242.28 274.85 Td (at ) Tj ET Q q 0 0 0 rg BT 251.60 274.85 Td (a ) Tj ET Q q 0 0 0 rg BT 258.13 274.85 Td (recorded ) Tj ET Q q 0 0 0 rg BT 295.21 274.85 Td (value ) Tj ET Q q 0 0 0 rg BT 318.96 274.85 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.39 274.85 Td (302,828) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.89 274.85 Td (, ) Tj ET Q q 0 0 0 rg BT 366.49 274.85 Td (comprised ) Tj ET Q q 0 0 0 rg BT 410.24 274.85 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.67 274.85 Td (104,714,707) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.67 274.85 Td ( ) Tj ET Q q 0 0 0 rg BT 472.77 274.85 Td (common ) Tj ET Q q 0 0 0 rg BT 509.86 274.85 Td (voting ) Tj ET Q q 0 0 0 rg BT 537.52 274.85 Td (shares ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.00 262.85 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.94 262.85 Td (29,060,022) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.94 262.85 Td ( ) Tj ET Q q 0 0 0 rg BT 190.44 262.85 Td (variable ) Tj ET Q q 0 0 0 rg BT 225.14 262.85 Td (voting ) Tj ET Q q 0 0 0 rg BT 253.20 262.85 Td (shares ) Tj ET Q q 0 0 0 rg BT 280.69 262.85 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.63 262.85 Td (nil) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.18 262.85 Td ( ) Tj ET Q q 0 0 0 rg BT 310.68 262.85 Td (non-voting ) Tj ET Q q 0 0 0 rg BT 357.07 262.85 Td (shares;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.00 250.85 Td (100,000,000 ) Tj ET Q q 0 0 0 rg BT 178.50 250.85 Td (preferred ) Tj ET Q q 0 0 0 rg BT 217.64 250.85 Td (variable ) Tj ET Q q 0 0 0 rg BT 252.34 250.85 Td (voting ) Tj ET Q q 0 0 0 rg BT 280.39 250.85 Td (shares ) Tj ET Q q 0 0 0 rg BT 307.88 250.85 Td (at ) Tj ET Q q 0 0 0 rg BT 317.60 250.85 Td (a ) Tj ET Q q 0 0 0 rg BT 324.54 250.85 Td (recorded ) Tj ET Q q 0 0 0 rg BT 362.02 250.85 Td (value ) Tj ET Q q 0 0 0 rg BT 386.17 250.85 Td (of ) Tj ET Q q 0 0 0 rg BT 397.00 250.85 Td ($nil.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 126.00 232.85 Td (i. ) Tj ET Q q 0 0 0 rg BT 133.78 232.85 Td ( ) Tj ET Q q 0 0 0 rg BT 136.28 232.85 Td (Pr) Tj ET Q q 0 0 0 rg BT 146.64 232.85 Td (eferr) Tj ET Q q 0 0 0 rg BT 167.55 232.85 Td (ed ) Tj ET Q q 0 0 0 rg BT 179.87 232.85 Td (V) Tj ET Q q 0 0 0 rg BT 186.17 232.85 Td (ariable ) Tj ET Q q 0 0 0 rg BT 218.49 232.85 Td (V) Tj ET Q q 0 0 0 rg BT 224.79 232.85 Td (oting ) Tj ET Q q 0 0 0 rg BT 248.96 232.85 Td (Shar) Tj ET Q q 0 0 0 rg BT 269.34 232.85 Td (es) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.50 214.85 Td (On ) Tj ET Q q 0 0 0 rg BT 156.25 214.85 Td (November ) Tj ET Q q 0 0 0 rg BT 202.98 214.85 Td (12, ) Tj ET Q q 0 0 0 rg BT 220.01 214.85 Td (2014, ) Tj ET Q q 0 0 0 rg BT 247.03 214.85 Td (the ) Tj ET Q q 0 0 0 rg BT 263.78 214.85 Td (PVVS ) Tj ET Q q 0 0 0 rg BT 293.87 214.85 Td (were ) Tj ET Q q 0 0 0 rg BT 317.83 214.85 Td (transferred ) Tj ET Q q 0 0 0 rg BT 365.66 214.85 Td (by ) Tj ET Q q 0 0 0 rg BT 380.18 214.85 Td (the ) Tj ET Q q 0 0 0 rg BT 396.93 214.85 Td (Company) Tj ET Q q 0 0 0 rg BT 438.59 214.85 Td (s ) Tj ET Q q 0 0 0 rg BT 447.01 214.85 Td (Executive ) Tj ET Q q 0 0 0 rg BT 491.52 214.85 Td (Chairman, ) Tj ET Q q 0 0 0 rg BT 537.98 214.85 Td (to ) Tj ET Q q 0 0 0 rg BT 550.28 214.85 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.50 202.85 Td (Company) Tj ET Q q 0 0 0 rg BT 181.17 202.85 Td (s ) Tj ET Q q 0 0 0 rg BT 187.57 202.85 Td (Chief ) Tj ET Q q 0 0 0 rg BT 212.29 202.85 Td (Executive ) Tj ET Q q 0 0 0 rg BT 254.78 202.85 Td (Of) Tj ET Q q 0 0 0 rg BT 265.15 202.85 Td (ficer) Tj ET Q q 0 0 0 rg BT 283.07 202.85 Td (, ) Tj ET Q q 0 0 0 rg BT 288.08 202.85 Td (in ) Tj ET Q q 0 0 0 rg BT 298.37 202.85 Td (accordance ) Tj ET Q q 0 0 0 rg BT 345.84 202.85 Td (with ) Tj ET Q q 0 0 0 rg BT 366.13 202.85 Td (the ) Tj ET Q q 0 0 0 rg BT 380.85 202.85 Td (terms ) Tj ET Q q 0 0 0 rg BT 405.58 202.85 Td (of ) Tj ET Q q 0 0 0 rg BT 416.42 202.85 Td (a ) Tj ET Q q 0 0 0 rg BT 423.37 202.85 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 476.41 202.85 Td (agreement ) Tj ET Q q 0 0 0 rg BT 520.56 202.85 Td (among ) Tj ET Q q 0 0 0 rg BT 550.29 202.85 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.50 190.85 Td (Company ) Tj ET Q q 0 0 0 rg BT 181.22 190.85 Td (and ) Tj ET Q q 0 0 0 rg BT 198.48 190.85 Td (holder ) Tj ET Q q 0 0 0 rg BT 226.86 190.85 Td (of ) Tj ET Q q 0 0 0 rg BT 238.02 190.85 Td (the ) Tj ET Q q 0 0 0 rg BT 253.07 190.85 Td (PVVS ) Tj ET Q q 0 0 0 rg BT 281.46 190.85 Td (\(the ) Tj ET Q q 0 0 0 rg BT 299.84 190.85 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 304.28 190.85 Td (PVVS ) Tj ET Q q 0 0 0 rg BT 333.22 190.85 Td (Shar) Tj ET Q q 0 0 0 rg BT 353.60 190.85 Td (eholder) Tj ET Q q 0 0 0 rg BT 385.64 190.85 Td ( ) Tj ET Q q 0 0 0 rg BT 387.84 190.85 Td (Agr) Tj ET Q q 0 0 0 rg BT 404.32 190.85 Td (eement) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.86 190.85 Td (\). ) Tj ET Q q 0 0 0 rg BT 447.96 190.85 Td (On ) Tj ET Q q 0 0 0 rg BT 463.01 190.85 Td (the ) Tj ET Q q 0 0 0 rg BT 478.06 190.85 Td (date ) Tj ET Q q 0 0 0 rg BT 497.54 190.85 Td (of ) Tj ET Q q 0 0 0 rg BT 508.70 190.85 Td (such ) Tj ET Q q 0 0 0 rg BT 529.86 190.85 Td (transfer) Tj ET Q q 0 0 0 rg BT 560.00 190.85 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.50 178.85 Td (the ) Tj ET Q q 0 0 0 rg BT 153.92 178.85 Td (Company) Tj ET Q q 0 0 0 rg BT 195.58 178.85 Td (s ) Tj ET Q q 0 0 0 rg BT 201.67 178.85 Td (Chief ) Tj ET Q q 0 0 0 rg BT 226.09 178.85 Td (Executive ) Tj ET Q q 0 0 0 rg BT 268.27 178.85 Td (Of) Tj ET Q q 0 0 0 rg BT 278.64 178.85 Td (ficer ) Tj ET Q q 0 0 0 rg BT 299.16 178.85 Td (entered ) Tj ET Q q 0 0 0 rg BT 330.78 178.85 Td (into ) Tj ET Q q 0 0 0 rg BT 348.54 178.85 Td (the ) Tj ET Q q 0 0 0 rg BT 362.95 178.85 Td (PVVS ) Tj ET Q q 0 0 0 rg BT 390.72 178.85 Td (Shareholder ) Tj ET Q q 0 0 0 rg BT 440.75 178.85 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 487.37 178.85 Td (with ) Tj ET Q q 0 0 0 rg BT 507.35 178.85 Td (the ) Tj ET Q q 0 0 0 rg BT 521.77 178.85 Td (Company) Tj ET Q q 0 0 0 rg BT 560.00 178.85 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.50 166.85 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 176.26 166.85 Td (to ) Tj ET Q q 0 0 0 rg BT 186.37 166.85 Td (which ) Tj ET Q q 0 0 0 rg BT 213.13 166.85 Td (the ) Tj ET Q q 0 0 0 rg BT 227.67 166.85 Td (Company) Tj ET Q q 0 0 0 rg BT 269.33 166.85 Td (s ) Tj ET Q q 0 0 0 rg BT 275.55 166.85 Td (Chief ) Tj ET Q q 0 0 0 rg BT 300.09 166.85 Td (Executive ) Tj ET Q q 0 0 0 rg BT 342.40 166.85 Td (Of) Tj ET Q q 0 0 0 rg BT 352.77 166.85 Td (ficer ) Tj ET Q q 0 0 0 rg BT 373.41 166.85 Td (\(i\)agreed ) Tj ET Q q 0 0 0 rg BT 414.31 166.85 Td (not ) Tj ET Q q 0 0 0 rg BT 429.42 166.85 Td (to ) Tj ET Q q 0 0 0 rg BT 439.52 166.85 Td (transfer ) Tj ET Q q 0 0 0 rg BT 472.38 166.85 Td (the ) Tj ET Q q 0 0 0 rg BT 486.92 166.85 Td (PVVS, ) Tj ET Q q 0 0 0 rg BT 517.31 166.85 Td (in ) Tj ET Q q 0 0 0 rg BT 527.42 166.85 Td (whole ) Tj ET Q q 0 0 0 rg BT 554.18 166.85 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.50 154.85 Td (in ) Tj ET Q q 0 0 0 rg BT 149.54 154.85 Td (part, ) Tj ET Q q 0 0 0 rg BT 169.84 154.85 Td (except ) Tj ET Q q 0 0 0 rg BT 198.20 154.85 Td (with ) Tj ET Q q 0 0 0 rg BT 218.24 154.85 Td (the ) Tj ET Q q 0 0 0 rg BT 232.71 154.85 Td (prior ) Tj ET Q q 0 0 0 rg BT 254.41 154.85 Td (written ) Tj ET Q q 0 0 0 rg BT 285.00 154.85 Td (approval ) Tj ET Q q 0 0 0 rg BT 322.24 154.85 Td (of ) Tj ET Q q 0 0 0 rg BT 332.83 154.85 Td (the ) Tj ET Q q 0 0 0 rg BT 347.31 154.85 Td (Board, ) Tj ET Q q 0 0 0 rg BT 376.51 154.85 Td (\(ii\)granted ) Tj ET Q q 0 0 0 rg BT 423.47 154.85 Td (to ) Tj ET Q q 0 0 0 rg BT 433.51 154.85 Td (the ) Tj ET Q q 0 0 0 rg BT 447.98 154.85 Td (Company ) Tj ET Q q 0 0 0 rg BT 489.13 154.85 Td (the ) Tj ET Q q 0 0 0 rg BT 503.61 154.85 Td (unilateral ) Tj ET Q q 0 0 0 rg BT 543.62 154.85 Td (right ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.50 142.85 Td (to ) Tj ET Q q 0 0 0 rg BT 150.46 142.85 Td (compel ) Tj ET Q q 0 0 0 rg BT 183.08 142.85 Td (the ) Tj ET Q q 0 0 0 rg BT 198.48 142.85 Td (transfer ) Tj ET Q q 0 0 0 rg BT 232.20 142.85 Td (of ) Tj ET Q q 0 0 0 rg BT 243.71 142.85 Td (the ) Tj ET Q q 0 0 0 rg BT 259.11 142.85 Td (PVVS, ) Tj ET Q q 0 0 0 rg BT 290.36 142.85 Td (at ) Tj ET Q q 0 0 0 rg BT 300.76 142.85 Td (any ) Tj ET Q q 0 0 0 rg BT 318.39 142.85 Td (time ) Tj ET Q q 0 0 0 rg BT 339.34 142.85 Td (and ) Tj ET Q q 0 0 0 rg BT 356.97 142.85 Td (from ) Tj ET Q q 0 0 0 rg BT 379.59 142.85 Td (time ) Tj ET Q q 0 0 0 rg BT 400.54 142.85 Td (to ) Tj ET Q q 0 0 0 rg BT 411.51 142.85 Td (time, ) Tj ET Q q 0 0 0 rg BT 434.96 142.85 Td (in ) Tj ET Q q 0 0 0 rg BT 445.93 142.85 Td (whole ) Tj ET Q q 0 0 0 rg BT 473.55 142.85 Td (or ) Tj ET Q q 0 0 0 rg BT 485.06 142.85 Td (in ) Tj ET Q q 0 0 0 rg BT 496.02 142.85 Td (part, ) Tj ET Q q 0 0 0 rg BT 517.25 142.85 Td (to ) Tj ET Q q 0 0 0 rg BT 528.22 142.85 Td (a ) Tj ET Q q 0 0 0 rg BT 535.84 142.85 Td (person ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.50 130.85 Td (designated ) Tj ET Q q 0 0 0 rg BT 184.68 130.85 Td (by ) Tj ET Q q 0 0 0 rg BT 197.09 130.85 Td (the ) Tj ET Q q 0 0 0 rg BT 211.72 130.85 Td (Board ) Tj ET Q q 0 0 0 rg BT 238.57 130.85 Td (and ) Tj ET Q q 0 0 0 rg BT 255.43 130.85 Td (\(iii\)granted ) Tj ET Q q 0 0 0 rg BT 305.32 130.85 Td (to ) Tj ET Q q 0 0 0 rg BT 315.51 130.85 Td (DHX ) Tj ET Q q 0 0 0 rg BT 339.59 130.85 Td (a ) Tj ET Q q 0 0 0 rg BT 346.44 130.85 Td (power ) Tj ET Q q 0 0 0 rg BT 373.85 130.85 Td (of ) Tj ET Q q 0 0 0 rg BT 384.59 130.85 Td (attorney ) Tj ET Q q 0 0 0 rg BT 419.77 130.85 Td (to ) Tj ET Q q 0 0 0 rg BT 429.96 130.85 Td (ef) Tj ET Q q 0 0 0 rg BT 437.55 130.85 Td (fect ) Tj ET Q q 0 0 0 rg BT 454.95 130.85 Td (any ) Tj ET Q q 0 0 0 rg BT 471.80 130.85 Td (transfers ) Tj ET Q q 0 0 0 rg BT 508.64 130.85 Td (contemplated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.50 118.85 Td (by ) Tj ET Q q 0 0 0 rg BT 150.76 118.85 Td (the ) Tj ET Q q 0 0 0 rg BT 164.25 118.85 Td (PVVS ) Tj ET Q q 0 0 0 rg BT 191.08 118.85 Td (Shareholder ) Tj ET Q q 0 0 0 rg BT 240.38 118.85 Td (Agreement. ) Tj ET Q q 0 0 0 rg BT 288.57 118.85 Td () Tj ET Q q 0 0 0 rg BT 290.89 118.85 Td (The ) Tj ET Q q 0 0 0 rg BT 307.70 118.85 Td (Board ) Tj ET Q q 0 0 0 rg BT 333.40 118.85 Td (will ) Tj ET Q q 0 0 0 rg BT 350.22 118.85 Td (not ) Tj ET Q q 0 0 0 rg BT 364.26 118.85 Td (approve ) Tj ET Q q 0 0 0 rg BT 397.74 118.85 Td (or ) Tj ET Q q 0 0 0 rg BT 407.33 118.85 Td (compel ) Tj ET Q q 0 0 0 rg BT 438.03 118.85 Td (a ) Tj ET Q q 0 0 0 rg BT 443.73 118.85 Td (transfer ) Tj ET Q q 0 0 0 rg BT 475.53 118.85 Td (without ) Tj ET Q q 0 0 0 rg BT 507.36 118.85 Td (first ) Tj ET Q q 0 0 0 rg BT 524.73 118.85 Td (obtaining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.50 106.85 Td (the ) Tj ET Q q 0 0 0 rg BT 154.22 106.85 Td (approval ) Tj ET Q q 0 0 0 rg BT 191.70 106.85 Td (of ) Tj ET Q q 0 0 0 rg BT 202.53 106.85 Td (the ) Tj ET Q q 0 0 0 rg BT 217.06 106.85 Td (TSX ) Tj ET Q q 0 0 0 rg BT 238.46 106.85 Td (and ) Tj ET Q q 0 0 0 rg BT 255.39 106.85 Td (the ) Tj ET Q q 0 0 0 rg BT 270.11 106.85 Td (PVVS ) Tj ET Q q 0 0 0 rg BT 298.17 106.85 Td (Shareholder ) Tj ET Q q 0 0 0 rg BT 348.44 106.85 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 395.36 106.85 Td (cannot ) Tj ET Q q 0 0 0 rg BT 424.51 106.85 Td (be ) Tj ET Q q 0 0 0 rg BT 436.45 106.85 Td (amended, ) Tj ET Q q 0 0 0 rg BT 477.54 106.85 Td (waived ) Tj ET Q q 0 0 0 rg BT 508.92 106.85 Td (or ) Tj ET Q q 0 0 0 rg BT 519.75 106.85 Td (terminated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.50 94.85 Td (unless ) Tj ET Q q 0 0 0 rg BT 167.00 94.85 Td (approved ) Tj ET Q q 0 0 0 rg BT 206.71 94.85 Td (by ) Tj ET Q q 0 0 0 rg BT 219.21 94.85 Td (the ) Tj ET Q q 0 0 0 rg BT 233.74 94.85 Td (TSX.) Tj ET Q endstream endobj 85 0 obj <> endobj 86 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6 0.6 0.6 rg BT 301.00 31.60 Td (42) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 126.00 742.25 Td (ii. ) Tj ET Q q 0 0 0 rg BT 136.56 742.25 Td ( ) Tj ET Q q 0 0 0 rg BT 139.06 742.25 Td (Common ) Tj ET Q q 0 0 0 rg BT 181.00 742.25 Td (shar) Tj ET Q q 0 0 0 rg BT 199.71 742.25 Td (es) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.50 724.25 Td (On ) Tj ET Q q 0 0 0 rg BT 154.67 724.25 Td (September ) Tj ET Q q 0 0 0 rg BT 200.38 724.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 215.82 724.25 Td (2014, ) Tj ET Q q 0 0 0 rg BT 241.27 724.25 Td (the ) Tj ET Q q 0 0 0 rg BT 256.43 724.25 Td (Company) Tj ET Q q 0 0 0 rg BT 298.10 724.25 Td (s ) Tj ET Q q 0 0 0 rg BT 304.93 724.25 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 358.42 724.25 Td (approved ) Tj ET Q q 0 0 0 rg BT 398.57 724.25 Td (a ) Tj ET Q q 0 0 0 rg BT 405.95 724.25 Td (reor) Tj ET Q q 0 0 0 rg BT 421.87 724.25 Td (ganization ) Tj ET Q q 0 0 0 rg BT 466.47 724.25 Td (of ) Tj ET Q q 0 0 0 rg BT 477.74 724.25 Td (the ) Tj ET Q q 0 0 0 rg BT 492.91 724.25 Td (Company) Tj ET Q q 0 0 0 rg BT 534.57 724.25 Td (s ) Tj ET Q q 0 0 0 rg BT 541.41 724.25 Td (share ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.50 712.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 168.74 712.25 Td (structure ) Tj ET Q q 0 0 0 rg BT 206.32 712.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 224.46 712.25 Td (Share ) Tj ET Q q 0 0 0 rg BT 254.26 712.25 Td (Capital ) Tj ET Q q 0 0 0 rg BT 285.74 712.25 Td (Reor) Tj ET Q q 0 0 0 rg BT 304.99 712.25 Td (ganization\) ) Tj ET Q q 0 0 0 rg BT 357.00 712.25 Td (to ) Tj ET Q q 0 0 0 rg BT 367.38 712.25 Td (address ) Tj ET Q q 0 0 0 rg BT 399.96 712.25 Td (the ) Tj ET Q q 0 0 0 rg BT 414.77 712.25 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 455.13 712.25 Td (ownership ) Tj ET Q q 0 0 0 rg BT 499.38 712.25 Td (requirements ) Tj ET Q q 0 0 0 rg BT 554.17 712.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.50 700.25 Td (DHX ) Tj ET Q q 0 0 0 rg BT 162.94 700.25 Td (T) Tj ET Q q 0 0 0 rg BT 168.35 700.25 Td (elevision. ) Tj ET Q q 0 0 0 rg BT 208.72 700.25 Td (The ) Tj ET Q q 0 0 0 rg BT 226.18 700.25 Td (Share ) Tj ET Q q 0 0 0 rg BT 250.85 700.25 Td (Capital ) Tj ET Q q 0 0 0 rg BT 281.65 700.25 Td (Reor) Tj ET Q q 0 0 0 rg BT 300.90 700.25 Td (ganization ) Tj ET Q q 0 0 0 rg BT 344.46 700.25 Td (was ) Tj ET Q q 0 0 0 rg BT 361.92 700.25 Td (af) Tj ET Q q 0 0 0 rg BT 369.51 700.25 Td (fected ) Tj ET Q q 0 0 0 rg BT 395.84 700.25 Td (on ) Tj ET Q q 0 0 0 rg BT 407.75 700.25 Td (October ) Tj ET Q q 0 0 0 rg BT 441.87 700.25 Td (9, ) Tj ET Q q 0 0 0 rg BT 451.28 700.25 Td (2014 ) Tj ET Q q 0 0 0 rg BT 473.19 700.25 Td (and ) Tj ET Q q 0 0 0 rg BT 489.54 700.25 Td (resulted ) Tj ET Q q 0 0 0 rg BT 523.10 700.25 Td (in, ) Tj ET Q q 0 0 0 rg BT 535.29 700.25 Td (among ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.50 688.25 Td (other ) Tj ET Q q 0 0 0 rg BT 162.95 688.25 Td (things, ) Tj ET Q q 0 0 0 rg BT 192.80 688.25 Td (the ) Tj ET Q q 0 0 0 rg BT 207.92 688.25 Td (creation ) Tj ET Q q 0 0 0 rg BT 243.03 688.25 Td (of ) Tj ET Q q 0 0 0 rg BT 254.26 688.25 Td (three ) Tj ET Q q 0 0 0 rg BT 277.15 688.25 Td (new ) Tj ET Q q 0 0 0 rg BT 296.71 688.25 Td (classes ) Tj ET Q q 0 0 0 rg BT 327.38 688.25 Td (of ) Tj ET Q q 0 0 0 rg BT 338.61 688.25 Td (shares: ) Tj ET Q q 0 0 0 rg BT 369.29 688.25 Td (Common ) Tj ET Q q 0 0 0 rg BT 409.20 688.25 Td (V) Tj ET Q q 0 0 0 rg BT 415.14 688.25 Td (oting ) Tj ET Q q 0 0 0 rg BT 438.60 688.25 Td (Shares, ) Tj ET Q q 0 0 0 rg BT 470.45 688.25 Td (V) Tj ET Q q 0 0 0 rg BT 476.56 688.25 Td (ariable ) Tj ET Q q 0 0 0 rg BT 506.46 688.25 Td (V) Tj ET Q q 0 0 0 rg BT 512.39 688.25 Td (oting ) Tj ET Q q 0 0 0 rg BT 535.85 688.25 Td (Shares ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.50 676.25 Td (and ) Tj ET Q q 0 0 0 rg BT 156.44 676.25 Td (Non-V) Tj ET Q q 0 0 0 rg BT 182.92 676.25 Td (oting ) Tj ET Q q 0 0 0 rg BT 205.98 676.25 Td (Shares. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.50 658.25 Td (On ) Tj ET Q q 0 0 0 rg BT 154.17 658.25 Td (October ) Tj ET Q q 0 0 0 rg BT 188.83 658.25 Td (9, ) Tj ET Q q 0 0 0 rg BT 198.78 658.25 Td (2014, ) Tj ET Q q 0 0 0 rg BT 223.73 658.25 Td (each ) Tj ET Q q 0 0 0 rg BT 244.50 658.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 293.61 658.25 Td (Common ) Tj ET Q q 0 0 0 rg BT 333.29 658.25 Td (Share ) Tj ET Q q 0 0 0 rg BT 358.51 658.25 Td (of ) Tj ET Q q 0 0 0 rg BT 369.29 658.25 Td (the ) Tj ET Q q 0 0 0 rg BT 383.95 658.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 425.29 658.25 Td (that ) Tj ET Q q 0 0 0 rg BT 442.74 658.25 Td (was ) Tj ET Q q 0 0 0 rg BT 460.74 658.25 Td (not ) Tj ET Q q 0 0 0 rg BT 475.97 658.25 Td (owned ) Tj ET Q q 0 0 0 rg BT 505.08 658.25 Td (and ) Tj ET Q q 0 0 0 rg BT 521.96 658.25 Td (controlled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.50 646.25 Td (by ) Tj ET Q q 0 0 0 rg BT 152.05 646.25 Td (a ) Tj ET Q q 0 0 0 rg BT 159.03 646.25 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 199.34 646.25 Td (for ) Tj ET Q q 0 0 0 rg BT 213.54 646.25 Td (the ) Tj ET Q q 0 0 0 rg BT 228.31 646.25 Td (purposes ) Tj ET Q q 0 0 0 rg BT 266.40 646.25 Td (of ) Tj ET Q q 0 0 0 rg BT 277.28 646.25 Td (the ) Tj ET Q q 0 0 0 rg BT 292.04 646.25 Td (Broadcasting ) Tj ET Q q 0 0 0 rg BT 346.79 646.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 363.77 646.25 Td (\(Canada\) ) Tj ET Q q 0 0 0 rg BT 402.96 646.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 421.06 646.25 Td (Broadcasting ) Tj ET Q q 0 0 0 rg BT 480.24 646.25 Td (Act\) ) Tj ET Q q 0 0 0 rg BT 504.99 646.25 Td (was ) Tj ET Q q 0 0 0 rg BT 523.09 646.25 Td (converted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.50 634.25 Td (into ) Tj ET Q q 0 0 0 rg BT 157.86 634.25 Td (one ) Tj ET Q q 0 0 0 rg BT 174.89 634.25 Td (V) Tj ET Q q 0 0 0 rg BT 181.01 634.25 Td (ariable ) Tj ET Q q 0 0 0 rg BT 210.81 634.25 Td (V) Tj ET Q q 0 0 0 rg BT 216.74 634.25 Td (oting ) Tj ET Q q 0 0 0 rg BT 240.10 634.25 Td (Share ) Tj ET Q q 0 0 0 rg BT 265.67 634.25 Td (and ) Tj ET Q q 0 0 0 rg BT 282.90 634.25 Td (each ) Tj ET Q q 0 0 0 rg BT 304.02 634.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 353.49 634.25 Td (Common ) Tj ET Q q 0 0 0 rg BT 393.51 634.25 Td (Share ) Tj ET Q q 0 0 0 rg BT 419.08 634.25 Td (that ) Tj ET Q q 0 0 0 rg BT 436.88 634.25 Td (was ) Tj ET Q q 0 0 0 rg BT 455.23 634.25 Td (owned ) Tj ET Q q 0 0 0 rg BT 484.69 634.25 Td (and ) Tj ET Q q 0 0 0 rg BT 501.93 634.25 Td (controlled ) Tj ET Q q 0 0 0 rg BT 545.27 634.25 Td (by ) Tj ET Q q 0 0 0 rg BT 558.07 634.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.50 622.25 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 180.26 622.25 Td (for ) Tj ET Q q 0 0 0 rg BT 194.92 622.25 Td (the ) Tj ET Q q 0 0 0 rg BT 210.14 622.25 Td (purposes ) Tj ET Q q 0 0 0 rg BT 248.69 622.25 Td (of ) Tj ET Q q 0 0 0 rg BT 260.02 622.25 Td (the ) Tj ET Q q 0 0 0 rg BT 275.24 622.25 Td (Broadcasting ) Tj ET Q q 0 0 0 rg BT 330.34 622.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 347.78 622.25 Td (was ) Tj ET Q q 0 0 0 rg BT 366.34 622.25 Td (converted ) Tj ET Q q 0 0 0 rg BT 408.76 622.25 Td (into ) Tj ET Q q 0 0 0 rg BT 427.32 622.25 Td (one ) Tj ET Q q 0 0 0 rg BT 444.76 622.25 Td (Common ) Tj ET Q q 0 0 0 rg BT 484.77 622.25 Td (V) Tj ET Q q 0 0 0 rg BT 490.70 622.25 Td (oting ) Tj ET Q q 0 0 0 rg BT 514.26 622.25 Td (Share. ) Tj ET Q q 0 0 0 rg BT 542.52 622.25 Td (Each ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.50 610.25 Td (Common ) Tj ET Q q 0 0 0 rg BT 179.42 610.25 Td (V) Tj ET Q q 0 0 0 rg BT 185.36 610.25 Td (oting ) Tj ET Q q 0 0 0 rg BT 208.82 610.25 Td (Share ) Tj ET Q q 0 0 0 rg BT 234.49 610.25 Td (carries ) Tj ET Q q 0 0 0 rg BT 264.05 610.25 Td (one ) Tj ET Q q 0 0 0 rg BT 281.39 610.25 Td (vote ) Tj ET Q q 0 0 0 rg BT 301.52 610.25 Td (per ) Tj ET Q q 0 0 0 rg BT 317.19 610.25 Td (share ) Tj ET Q q 0 0 0 rg BT 341.20 610.25 Td (on ) Tj ET Q q 0 0 0 rg BT 354.10 610.25 Td (all ) Tj ET Q q 0 0 0 rg BT 367.00 610.25 Td (matters. ) Tj ET Q q 0 0 0 rg BT 401.84 610.25 Td ( ) Tj ET Q q 0 0 0 rg BT 404.75 610.25 Td (Each ) Tj ET Q q 0 0 0 rg BT 427.43 610.25 Td (V) Tj ET Q q 0 0 0 rg BT 433.55 610.25 Td (ariable ) Tj ET Q q 0 0 0 rg BT 463.44 610.25 Td (V) Tj ET Q q 0 0 0 rg BT 469.38 610.25 Td (oting ) Tj ET Q q 0 0 0 rg BT 492.84 610.25 Td (Share ) Tj ET Q q 0 0 0 rg BT 518.52 610.25 Td (carries ) Tj ET Q q 0 0 0 rg BT 548.07 610.25 Td (one ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.50 598.25 Td (vote ) Tj ET Q q 0 0 0 rg BT 158.56 598.25 Td (per ) Tj ET Q q 0 0 0 rg BT 173.17 598.25 Td (share ) Tj ET Q q 0 0 0 rg BT 196.11 598.25 Td (unless ) Tj ET Q q 0 0 0 rg BT 222.96 598.25 Td (the ) Tj ET Q q 0 0 0 rg BT 237.02 598.25 Td (number ) Tj ET Q q 0 0 0 rg BT 269.41 598.25 Td (of ) Tj ET Q q 0 0 0 rg BT 279.45 598.25 Td (V) Tj ET Q q 0 0 0 rg BT 285.56 598.25 Td (ariable ) Tj ET Q q 0 0 0 rg BT 314.47 598.25 Td (V) Tj ET Q q 0 0 0 rg BT 320.41 598.25 Td (oting ) Tj ET Q q 0 0 0 rg BT 342.81 598.25 Td (Shares ) Tj ET Q q 0 0 0 rg BT 371.31 598.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 419.82 598.25 Td (exceeds ) Tj ET Q q 0 0 0 rg BT 453.31 598.25 Td (33 ) Tj ET Q q 0 0 0 rg BT 465.15 598.25 Td (1/3% ) Tj ET Q q 0 0 0 rg BT 488.10 598.25 Td (of ) Tj ET Q q 0 0 0 rg BT 498.27 598.25 Td (the ) Tj ET Q q 0 0 0 rg BT 512.33 598.25 Td (total ) Tj ET Q q 0 0 0 rg BT 531.95 598.25 Td (number ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.50 586.25 Td (of ) Tj ET Q q 0 0 0 rg BT 149.62 586.25 Td (V) Tj ET Q q 0 0 0 rg BT 155.73 586.25 Td (ariable ) Tj ET Q q 0 0 0 rg BT 184.72 586.25 Td (V) Tj ET Q q 0 0 0 rg BT 190.65 586.25 Td (oting ) Tj ET Q q 0 0 0 rg BT 213.13 586.25 Td (Shares ) Tj ET Q q 0 0 0 rg BT 241.72 586.25 Td (and ) Tj ET Q q 0 0 0 rg BT 258.08 586.25 Td (Common ) Tj ET Q q 0 0 0 rg BT 297.09 586.25 Td (V) Tj ET Q q 0 0 0 rg BT 303.03 586.25 Td (oting ) Tj ET Q q 0 0 0 rg BT 325.51 586.25 Td (Shares ) Tj ET Q q 0 0 0 rg BT 354.09 586.25 Td (outstanding, ) Tj ET Q q 0 0 0 rg BT 405.18 586.25 Td (in ) Tj ET Q q 0 0 0 rg BT 414.89 586.25 Td (which ) Tj ET Q q 0 0 0 rg BT 441.25 586.25 Td (case ) Tj ET Q q 0 0 0 rg BT 460.38 586.25 Td (the ) Tj ET Q q 0 0 0 rg BT 474.53 586.25 Td (voting ) Tj ET Q q 0 0 0 rg BT 502.01 586.25 Td (rights ) Tj ET Q q 0 0 0 rg BT 526.71 586.25 Td (per ) Tj ET Q q 0 0 0 rg BT 541.41 586.25 Td (share ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.50 574.25 Td (of ) Tj ET Q q 0 0 0 rg BT 150.23 574.25 Td (the ) Tj ET Q q 0 0 0 rg BT 164.68 574.25 Td (V) Tj ET Q q 0 0 0 rg BT 170.80 574.25 Td (ariable ) Tj ET Q q 0 0 0 rg BT 200.23 574.25 Td (V) Tj ET Q q 0 0 0 rg BT 206.16 574.25 Td (oting ) Tj ET Q q 0 0 0 rg BT 229.12 574.25 Td (Shares ) Tj ET Q q 0 0 0 rg BT 258.19 574.25 Td (are ) Tj ET Q q 0 0 0 rg BT 272.80 574.25 Td (reduced ) Tj ET Q q 0 0 0 rg BT 306.85 574.25 Td (so ) Tj ET Q q 0 0 0 rg BT 318.15 574.25 Td (that ) Tj ET Q q 0 0 0 rg BT 335.55 574.25 Td (the ) Tj ET Q q 0 0 0 rg BT 350.17 574.25 Td (total ) Tj ET Q q 0 0 0 rg BT 370.35 574.25 Td (number ) Tj ET Q q 0 0 0 rg BT 403.30 574.25 Td (of ) Tj ET Q q 0 0 0 rg BT 414.03 574.25 Td (votes ) Tj ET Q q 0 0 0 rg BT 437.55 574.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 481.04 574.25 Td (with ) Tj ET Q q 0 0 0 rg BT 501.23 574.25 Td (the ) Tj ET Q q 0 0 0 rg BT 515.85 574.25 Td (outstanding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.50 562.25 Td (V) Tj ET Q q 0 0 0 rg BT 145.61 562.25 Td (ariable ) Tj ET Q q 0 0 0 rg BT 175.51 562.25 Td (V) Tj ET Q q 0 0 0 rg BT 181.44 562.25 Td (oting ) Tj ET Q q 0 0 0 rg BT 204.90 562.25 Td (Shares ) Tj ET Q q 0 0 0 rg BT 234.46 562.25 Td (equals ) Tj ET Q q 0 0 0 rg BT 262.91 562.25 Td (33 ) Tj ET Q q 0 0 0 rg BT 275.81 562.25 Td (1/3% ) Tj ET Q q 0 0 0 rg BT 299.82 562.25 Td (of ) Tj ET Q q 0 0 0 rg BT 311.05 562.25 Td (the ) Tj ET Q q 0 0 0 rg BT 326.17 562.25 Td (total ) Tj ET Q q 0 0 0 rg BT 346.85 562.25 Td (votes ) Tj ET Q q 0 0 0 rg BT 370.86 562.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 414.85 562.25 Td (with ) Tj ET Q q 0 0 0 rg BT 435.53 562.25 Td (the ) Tj ET Q q 0 0 0 rg BT 450.65 562.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 500.01 562.25 Td (V) Tj ET Q q 0 0 0 rg BT 506.12 562.25 Td (ariable ) Tj ET Q q 0 0 0 rg BT 536.02 562.25 Td (V) Tj ET Q q 0 0 0 rg BT 541.95 562.25 Td (oting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.50 550.25 Td (Shares ) Tj ET Q q 0 0 0 rg BT 169.25 550.25 Td (and ) Tj ET Q q 0 0 0 rg BT 186.78 550.25 Td (Common ) Tj ET Q q 0 0 0 rg BT 226.87 550.25 Td (V) Tj ET Q q 0 0 0 rg BT 232.80 550.25 Td (oting ) Tj ET Q q 0 0 0 rg BT 256.45 550.25 Td (Shares ) Tj ET Q q 0 0 0 rg BT 286.20 550.25 Td (combined. ) Tj ET Q q 0 0 0 rg BT 331.00 550.25 Td (The ) Tj ET Q q 0 0 0 rg BT 349.64 550.25 Td (economic ) Tj ET Q q 0 0 0 rg BT 391.60 550.25 Td (rights ) Tj ET Q q 0 0 0 rg BT 417.47 550.25 Td (of ) Tj ET Q q 0 0 0 rg BT 428.89 550.25 Td (each ) Tj ET Q q 0 0 0 rg BT 450.07 550.25 Td (V) Tj ET Q q 0 0 0 rg BT 456.18 550.25 Td (ariable ) Tj ET Q q 0 0 0 rg BT 486.25 550.25 Td (V) Tj ET Q q 0 0 0 rg BT 492.18 550.25 Td (oting ) Tj ET Q q 0 0 0 rg BT 515.83 550.25 Td (Share, ) Tj ET Q q 0 0 0 rg BT 544.19 550.25 Td (each ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.50 538.25 Td (Common ) Tj ET Q q 0 0 0 rg BT 179.29 538.25 Td (V) Tj ET Q q 0 0 0 rg BT 185.23 538.25 Td (oting ) Tj ET Q q 0 0 0 rg BT 208.55 538.25 Td (Share, ) Tj ET Q q 0 0 0 rg BT 236.58 538.25 Td (and ) Tj ET Q q 0 0 0 rg BT 253.79 538.25 Td (each ) Tj ET Q q 0 0 0 rg BT 274.87 538.25 Td (Non-V) Tj ET Q q 0 0 0 rg BT 301.35 538.25 Td (oting ) Tj ET Q q 0 0 0 rg BT 324.68 538.25 Td (Share ) Tj ET Q q 0 0 0 rg BT 350.21 538.25 Td (are ) Tj ET Q q 0 0 0 rg BT 365.18 538.25 Td (the ) Tj ET Q q 0 0 0 rg BT 380.17 538.25 Td (same. ) Tj ET Q q 0 0 0 rg BT 405.37 538.25 Td (All ) Tj ET Q q 0 0 0 rg BT 420.91 538.25 Td (of ) Tj ET Q q 0 0 0 rg BT 432.01 538.25 Td (the ) Tj ET Q q 0 0 0 rg BT 446.99 538.25 Td (unissued ) Tj ET Q q 0 0 0 rg BT 484.76 538.25 Td (Common ) Tj ET Q q 0 0 0 rg BT 524.75 538.25 Td (Shares ) Tj ET Q q 0 0 0 rg BT 554.18 538.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.50 526.25 Td (the ) Tj ET Q q 0 0 0 rg BT 154.37 526.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 195.91 526.25 Td (were ) Tj ET Q q 0 0 0 rg BT 217.99 526.25 Td (cancelled ) Tj ET Q q 0 0 0 rg BT 258.39 526.25 Td (on ) Tj ET Q q 0 0 0 rg BT 271.05 526.25 Td (the ) Tj ET Q q 0 0 0 rg BT 285.92 526.25 Td (completion ) Tj ET Q q 0 0 0 rg BT 333.56 526.25 Td (of ) Tj ET Q q 0 0 0 rg BT 344.54 526.25 Td (the ) Tj ET Q q 0 0 0 rg BT 359.41 526.25 Td (Share ) Tj ET Q q 0 0 0 rg BT 384.83 526.25 Td (Capital ) Tj ET Q q 0 0 0 rg BT 416.37 526.25 Td (Reor) Tj ET Q q 0 0 0 rg BT 435.62 526.25 Td (ganization. ) Tj ET Q q 0 0 0 rg BT 482.24 526.25 Td (The ) Tj ET Q q 0 0 0 rg BT 500.24 526.25 Td (V) Tj ET Q q 0 0 0 rg BT 506.36 526.25 Td (ariable ) Tj ET Q q 0 0 0 rg BT 536.02 526.25 Td (V) Tj ET Q q 0 0 0 rg BT 541.95 526.25 Td (oting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.50 514.25 Td (Shares ) Tj ET Q q 0 0 0 rg BT 169.57 514.25 Td (and ) Tj ET Q q 0 0 0 rg BT 187.42 514.25 Td (Common ) Tj ET Q q 0 0 0 rg BT 227.80 514.25 Td (V) Tj ET Q q 0 0 0 rg BT 233.74 514.25 Td (oting ) Tj ET Q q 0 0 0 rg BT 257.70 514.25 Td (Shares ) Tj ET Q q 0 0 0 rg BT 287.77 514.25 Td (are ) Tj ET Q q 0 0 0 rg BT 303.38 514.25 Td (listed ) Tj ET Q q 0 0 0 rg BT 328.46 514.25 Td (on ) Tj ET Q q 0 0 0 rg BT 341.87 514.25 Td (the ) Tj ET Q q 0 0 0 rg BT 357.25 514.25 Td (T) Tj ET Q q 0 0 0 rg BT 362.66 514.25 Td (oronto ) Tj ET Q q 0 0 0 rg BT 392.17 514.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 418.36 514.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 461.19 514.25 Td (under ) Tj ET Q q 0 0 0 rg BT 487.37 514.25 Td (the ) Tj ET Q q 0 0 0 rg BT 502.99 514.25 Td (ticker ) Tj ET Q q 0 0 0 rg BT 529.16 514.25 Td (symbols ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.50 502.25 Td (DHX.A) Tj ET Q q 0 0 0 rg BT 170.33 502.25 Td ( ) Tj ET Q q 0 0 0 rg BT 171.91 502.25 Td (and ) Tj ET Q q 0 0 0 rg BT 187.93 502.25 Td (DHX.B, ) Tj ET Q q 0 0 0 rg BT 222.84 502.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 270.51 502.25 Td (. ) Tj ET Q q 0 0 0 rg BT 274.58 502.25 Td (On ) Tj ET Q q 0 0 0 rg BT 288.38 502.25 Td (June ) Tj ET Q q 0 0 0 rg BT 308.29 502.25 Td (23, ) Tj ET Q q 0 0 0 rg BT 322.37 502.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 346.45 502.25 Td (the ) Tj ET Q q 0 0 0 rg BT 360.13 502.25 Td (V) Tj ET Q q 0 0 0 rg BT 366.24 502.25 Td (ariable ) Tj ET Q q 0 0 0 rg BT 394.91 502.25 Td (V) Tj ET Q q 0 0 0 rg BT 400.84 502.25 Td (oting ) Tj ET Q q 0 0 0 rg BT 422.98 502.25 Td (Shares ) Tj ET Q q 0 0 0 rg BT 451.22 502.25 Td (were ) Tj ET Q q 0 0 0 rg BT 472.23 502.25 Td (listed ) Tj ET Q q 0 0 0 rg BT 495.47 502.25 Td (on ) Tj ET Q q 0 0 0 rg BT 507.05 502.25 Td (the ) Tj ET Q q 0 0 0 rg BT 520.84 502.25 Td (NASDAQ ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.50 490.25 Td (under ) Tj ET Q q 0 0 0 rg BT 164.77 490.25 Td (the ) Tj ET Q q 0 0 0 rg BT 179.49 490.25 Td (ticker ) Tj ET Q q 0 0 0 rg BT 204.75 490.25 Td (symbol ) Tj ET Q q 0 0 0 rg BT 236.70 490.25 Td (DHXM.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 108.00 472.25 Td (3. Description of options ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.00 454.25 Td (See ) Tj ET Q q 0 0 0 rg BT 142.94 454.25 Td (note ) Tj ET Q q 0 0 0 rg BT 162.66 454.25 Td (12\(d\) ) Tj ET Q q 0 0 0 rg BT 186.82 454.25 Td (of ) Tj ET Q q 0 0 0 rg BT 197.65 454.25 Td (the ) Tj ET Q q 0 0 0 rg BT 212.36 454.25 Td (audited ) Tj ET Q q 0 0 0 rg BT 244.30 454.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 297.34 454.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 334.82 454.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 379.53 454.25 Td (for ) Tj ET Q q 0 0 0 rg BT 393.69 454.25 Td (the ) Tj ET Q q 0 0 0 rg BT 408.41 454.25 Td (year ) Tj ET Q q 0 0 0 rg BT 428.11 454.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 454.49 454.25 Td (June ) Tj ET Q q 0 0 0 rg BT 475.32 454.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 490.32 454.25 Td (2016.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 90.00 436.25 Td (II. Dir) Tj ET Q q 0 0 0 rg BT 119.54 436.25 Td (ectors and officers as at ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 222.57 436.25 Td (June 30, 2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 280.63 436.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 126.00 412.25 Td (Dir) Tj ET Q q 0 0 0 rg BT 140.26 412.25 Td (ectors) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.00 400.25 Td (Elizabeth ) Tj ET Q q 0 0 0 rg BT 166.26 400.25 Td (Beale ) Tj ET Q q 0 0 0 rg BT 191.52 400.25 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 205.68 400.25 Td (\(4\) ) Tj ET Q q 0 0 0 rg BT 234.00 400.25 Td ( ) Tj ET Q q 0 0 0 rg BT 270.00 400.25 Td ( ) Tj ET Q q 0 0 0 rg BT 306.00 400.25 Td (Director) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.00 388.25 Td (David ) Tj ET Q q 0 0 0 rg BT 152.94 388.25 Td (Colville ) Tj ET Q q 0 0 0 rg BT 187.66 388.25 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 201.82 388.25 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 234.00 388.25 Td ( ) Tj ET Q q 0 0 0 rg BT 270.00 388.25 Td ( ) Tj ET Q q 0 0 0 rg BT 306.00 388.25 Td (Director) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.00 376.25 Td (Sir ) Tj ET Q q 0 0 0 rg BT 140.17 376.25 Td (Graham ) Tj ET Q q 0 0 0 rg BT 174.88 376.25 Td (Day ) Tj ET Q q 0 0 0 rg BT 194.04 376.25 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 208.20 376.25 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 222.36 376.25 Td (\(4\) ) Tj ET Q q 0 0 0 rg BT 306.00 376.25 Td (Director) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.00 364.25 Td (Michael ) Tj ET Q q 0 0 0 rg BT 161.26 364.25 Td (Donovan ) Tj ET Q q 0 0 0 rg BT 200.42 364.25 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 234.00 364.25 Td ( ) Tj ET Q q 0 0 0 rg BT 270.00 364.25 Td ( ) Tj ET Q q 0 0 0 rg BT 306.00 364.25 Td (Executive ) Tj ET Q q 0 0 0 rg BT 348.48 364.25 Td (Chairman, ) Tj ET Q q 0 0 0 rg BT 392.91 364.25 Td (Director) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.00 352.25 Td (Deborah ) Tj ET Q q 0 0 0 rg BT 162.93 352.25 Td (Drisdell ) Tj ET Q q 0 0 0 rg BT 198.00 352.25 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 212.16 352.25 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 234.00 352.25 Td ( ) Tj ET Q q 0 0 0 rg BT 270.00 352.25 Td ( ) Tj ET Q q 0 0 0 rg BT 306.00 352.25 Td (Director) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.00 340.25 Td (Dana ) Tj ET Q q 0 0 0 rg BT 149.60 340.25 Td (Landry ) Tj ET Q q 0 0 0 rg BT 198.00 340.25 Td ( ) Tj ET Q q 0 0 0 rg BT 234.00 340.25 Td ( ) Tj ET Q q 0 0 0 rg BT 270.00 340.25 Td ( ) Tj ET Q q 0 0 0 rg BT 306.00 340.25 Td (CEO, ) Tj ET Q q 0 0 0 rg BT 331.00 340.25 Td (Director) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.00 328.25 Td (Geof) Tj ET Q q 0 0 0 rg BT 145.81 328.25 Td (frey ) Tj ET Q q 0 0 0 rg BT 164.41 328.25 Td (Machum, ) Tj ET Q q 0 0 0 rg BT 204.96 328.25 Td (QC ) Tj ET Q q 0 0 0 rg BT 221.35 328.25 Td (\(4\) ) Tj ET Q q 0 0 0 rg BT 306.00 328.25 Td (Chair ) Tj ET Q q 0 0 0 rg BT 332.32 328.25 Td (of ) Tj ET Q q 0 0 0 rg BT 344.75 328.25 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 388.84 328.25 Td (Governance ) Tj ET Q q 0 0 0 rg BT 441.25 328.25 Td (and ) Tj ET Q q 0 0 0 rg BT 459.79 328.25 Td (Nominations ) Tj ET Q q 0 0 0 rg BT 515.56 328.25 Td (Committee, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.00 316.25 Td (Director) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.00 304.25 Td (Robert ) Tj ET Q q 0 0 0 rg BT 155.72 304.25 Td (Sobey ) Tj ET Q q 0 0 0 rg BT 183.22 304.25 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 306.00 304.25 Td (Chair ) Tj ET Q q 0 0 0 rg BT 331.65 304.25 Td (of ) Tj ET Q q 0 0 0 rg BT 343.42 304.25 Td (the ) Tj ET Q q 0 0 0 rg BT 359.07 304.25 Td (Human ) Tj ET Q q 0 0 0 rg BT 391.95 304.25 Td (Resources ) Tj ET Q q 0 0 0 rg BT 436.48 304.25 Td (and ) Tj ET Q q 0 0 0 rg BT 454.36 304.25 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 515.57 304.25 Td (Committee, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.00 292.25 Td (Director) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.00 280.25 Td (Catherine ) Tj ET Q q 0 0 0 rg BT 167.19 280.25 Td (T) Tj ET Q q 0 0 0 rg BT 172.60 280.25 Td (ait ) Tj ET Q q 0 0 0 rg BT 185.10 280.25 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 198.00 280.25 Td ( ) Tj ET Q q 0 0 0 rg BT 234.00 280.25 Td ( ) Tj ET Q q 0 0 0 rg BT 270.00 280.25 Td ( ) Tj ET Q q 0 0 0 rg BT 306.00 280.25 Td (Director) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.00 268.25 Td (Donald ) Tj ET Q q 0 0 0 rg BT 157.76 268.25 Td (W) Tj ET Q q 0 0 0 rg BT 166.80 268.25 Td (right ) Tj ET Q q 0 0 0 rg BT 188.18 268.25 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 202.34 268.25 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 216.50 268.25 Td (\(4\) ) Tj ET Q q 0 0 0 rg BT 234.00 268.25 Td ( ) Tj ET Q q 0 0 0 rg BT 270.00 268.25 Td ( ) Tj ET Q q 0 0 0 rg BT 306.00 268.25 Td (Lead ) Tj ET Q q 0 0 0 rg BT 328.49 268.25 Td (Director ) Tj ET Q q 0 0 0 rg BT 364.30 268.25 Td (of ) Tj ET Q q 0 0 0 rg BT 375.13 268.25 Td (DHX, ) Tj ET Q q 0 0 0 rg BT 401.80 268.25 Td (Chair ) Tj ET Q q 0 0 0 rg BT 426.51 268.25 Td (of ) Tj ET Q q 0 0 0 rg BT 437.34 268.25 Td (the ) Tj ET Q q 0 0 0 rg BT 451.51 268.25 Td (Audit ) Tj ET Q q 0 0 0 rg BT 476.79 268.25 Td (Committee) Tj ET Q BT /F1 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(Officers) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.00 172.25 Td (Michael ) Tj ET Q q 0 0 0 rg BT 161.26 172.25 Td (Donovan ) Tj ET Q q 0 0 0 rg BT 198.00 172.25 Td ( ) Tj ET Q q 0 0 0 rg BT 234.00 172.25 Td ( ) Tj ET Q q 0 0 0 rg BT 270.00 172.25 Td ( ) Tj ET Q q 0 0 0 rg BT 306.00 172.25 Td (Executive ) Tj ET Q q 0 0 0 rg BT 348.48 172.25 Td (Chairman) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.00 160.25 Td (Dana ) Tj ET Q q 0 0 0 rg BT 149.60 160.25 Td (Landry ) Tj ET Q q 0 0 0 rg BT 198.00 160.25 Td ( ) Tj ET Q q 0 0 0 rg BT 234.00 160.25 Td ( ) Tj ET Q q 0 0 0 rg BT 270.00 160.25 Td ( ) Tj ET Q q 0 0 0 rg BT 306.00 160.25 Td (CEO) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.00 148.25 Td (Keith ) Tj ET Q q 0 0 0 rg BT 150.17 148.25 Td (Abriel ) Tj ET Q q 0 0 0 rg BT 198.00 148.25 Td ( ) Tj ET Q q 0 0 0 rg BT 234.00 148.25 Td ( ) Tj ET Q q 0 0 0 rg BT 270.00 148.25 Td ( ) Tj ET Q q 0 0 0 rg BT 306.00 148.25 Td (CFO) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.00 136.25 Td 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