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  "documentTitle": "Barclays | Investment Banking Pitch Book | 40 slides",
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  "authorName": "Barclays",
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  "presentationDate": "2019-07-01 00:00:00",
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  "notes": "The slide shows a dilution in NAV per share from $6.71 to $6.59.",
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      "kind": "paragraph",
      "text": "Pro forma net asset value per share $6.59\nStandalone SIC net asset value per share 6.71",
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      "kind": "source-note",
      "text": "Source: MDLY Management forecasts. Shares in millions except per share metrics. 1. Fully diluted, includes RSUs. 2. Per MDLY management.",
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      "text": "Pro Forma Fully Diluted Shares Outstanding (mm) 3/31/2019 SIC shares outstanding 99.5 Issued to MCC 37.0 Issued to MDLY 9.8 Issued to MCC shareholders in relation to settlement 4.5 Pro forma shares outstanding 150.8",
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      "text": "Net Asset Value per Share Accretion / Dilution ($mm) 3/31/2019 SIC net asset value $667.4 MCC net asset value 248.5 MDLY net asset value 44.6 Stock settlement expense 30.0 Integrate insurance expense recovery 8.5 Estimated net plaintiff fees (5.0) Pro forma adjusted net asset value 994.0",
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      "kind": "title",
      "text": "Merger Analysis – Pro Forma NAV as of Q1 2019 (combination with MCC and MDLY)",
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