Item 4 — Purpose of Transaction
The Reporting Persons acquired and hold their respective Depositary Receipts of the Partnership for investment purposes and as part of a long-standing ownership structure among affiliated entities. Reporting Persons consist of the individuals and entities named herein as direct or indirect holders of voting and dispositive power. Jameson Brown, Harley Brown and Ronald Brown are members of the family of Harold Brown, one of the founders of the Partnership, now deceased, and the Reporting Persons (other than Sally Michael) together with their respective affiliates have a substantial economic interest in its performance. Sally Michael has no pecuniary interest in the Partnership. To the extent the Reporting Persons may be deemed to share voting and dispositive power over certain securities, such relationships arise from governance and control arrangements and do not reflect any agreement or understanding to act as a group for purposes of acquiring, holding or disposing of securities of the Partnership. Consistent with such interests, the Reporting Persons intend to review their investment in the Partnership on a continuing basis and may, from time to time, depending on market conditions and other factors they deem relevant, take such actions with respect to their investment in the Partnership as they consider appropriate. Such actions may include, without limitation: (i) acquiring additional securities of the Partnership, whether in the open market, in privately negotiated transactions or otherwise; (ii) disposing of all or a portion of their securities of the Partnership; (iii) engaging in discussions with management, the general partner, other securityholders and other third parties regarding the Partnership's business, operations, governance, capitalization, strategy or future plans; and (iv) otherwise taking actions intended to enhance the value of their investment. The Reporting Persons may from time to time seek to influence the management, policies or governance of the Partnership, including with respect to the composition of the general partner's board of directors (or equivalent governing body) and the Partnership's Advisory Committee, corporate governance practices, capital allocation, distributions, financings, or strategic transactions. The Reporting Persons may also explore or propose, and may participate in, transactions or arrangements that could result in a change in control of the Partnership, changes in the present general partner's board of directors or management of the Partnership, or other extraordinary transactions involving the Partnership, including, without limitation, a merger, reorganization, sale of assets or other business combination. The Reporting Persons may hold their interests in the Partnership directly or indirectly, including through trusts, partnerships or other entities, and may from time to time effect transfers among such entities for estate planning, tax or other purposes. Except as set forth above, the Reporting Persons do not currently have any plans or proposals that relate to or would result in any of the actions specified in paragraphs (a) through (j) of Item 4 of Schedule 13D. The Reporting Persons reserve the right at any time to formulate other plans or proposals regarding the Partnership, and to take any actions with respect to their investment in the Partnership, including any or all of the actions described above. The Reporting Persons expressly disclaim acting as a group within the meaning of Section 13(d).