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  "presentationDate": "2021-02-01 00:00:00",
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  "notes": "The slide highlights the performance of specific core holdings versus other positions, showing a total 87% return on core holdings.",
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      "text": "Immediate reinvestment of hedging gains allowed us to increase our exposure to high-quality businesses we understood well at deeply discounted prices",
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      "text": "(1) Realized & unrealized value and cumulative return reflect dividends received. Cumulative return is calculated using average cost of purchases during reinvestment period and closing share price on February 16, 2021. Current unrealized value of HHC excludes impact of FIRPTA tax liability. (2) Represents various equity purchases during this timeframe that were sold by mid-May.",
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      "text": "Redeployment of Hedging Gains",
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