James C. Daly

Standard & Poor's Investment Advisory Services LLC (SPIAS) is investment research firm and registered investment advisor headquartered in New York City. The firm is a wholly-owned subsidiary of S&P Global, Inc. (NYSE: SPGI), formerly McGraw Hill Financial, Inc. SPIAS’ advisory services are generally offered to institutions (e.g., broker-dealers, investment advisers, investment companies and other financial institutions). SPIAS does not generally provide its advisory services directly to retail clients, but its services may be used by its clients in advising their own underlying clients, which may include retail clients. SPIAS also provides advisory consulting services to institutional clients and investment managers-of-investment funds, and investment sub-advisory services for registered investment companies, including open-end mutual funds and other institutions. S&P Global's operations consist of three reportable segments: S&P Global Ratings, S&P Global Platts, and S&P Dow Jones Indices. S&P Global Ratings is an independent provider of credit ratings, research and analytics to investors, issuers and market participants. It includes the NRSRO and certain other ratings-related businesses. S&P Global Platts provides essential price data, analytics, and industry insight that enable commodities markets to perform with greater transparency and efficiency. S&P Dow Jones Indices is a global index provider that maintains a wide variety of indices to meet an array of investor needs. In 2016, CFRA acquired S&P Global Market Intelligence’s Equity and Fund Research business (formerly known as S&P Capital IQ and SNL) from S&P Global, Inc.

Standard & Poor's Financial Services provides financial market intelligence services. It offers credit ratings, indices, risk evaluation, investment research and data to the financial decision-makers. The company was founded in 1860 and is headquartered in New York, NY.

Caydal LLC provides administrative support services. The company was founded by James C. Daly, Jr. and James Robinson in 2003 and is headquartered in Steamboat Springs, CO.

Tenerity, Inc. engages in the development of programs and solutions that motivate and inspire loyalty. It operates through the following segments: Global Loyalty, Global Customer Engagement, Legacy Membership and Package, and Corporate. The Global Loyalty segment provides end-to-end loyalty solutions that help clients reward, enrich, motivate and retain customers, including program design, points management and administration, and broad-based fulfilment and redemption in multiple channels. The Global Customer Engagement segment covers products that are designed to help consumers save money. The Legacy Membership and Package segment comprises of certain global membership and package programs that are no longer being actively marketed but continue to be services and supported. The Corporate segment includes certain departmental service costs such as human resources, legal, corporate finance and accounting functions and unallocated portions of information technology. The company was founded in 1973 and is headquartered in Stamford, CT.

Cxloyalty Group, Inc. develops and manages loyalty and customer engagement programs and solutions. It provides programs and solutions that enable companies to connect and engage with customers and strengthen and expand the value of customer relationships. The company was founded in 1973 and is headquartered in Stamford, CT.

News America Marketing, Inc. engages in the provision of marketing services. Its product categories include at-home, in-store, and digital. The company is headquartered in New York, NY.