Wed, July 30, 2025 | 7:55PM ET

The Great Rate Debate

Alexa Sinsheimer <sup>AC</sup> and Max Motz

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Analyst Certification (Reg AC)

Alexa Sinsheimer ^AC and Max Motz , the research analyst denoted by an “AC” on the cover of this report, hereby certifies that all of the views expressed in this report accurately reflect his personal views, which have not been influenced by considerations of the firm’s business or client relationships. Neither I, nor a member of my household is an officer, director, or advisory board member of the issuer(s) or has another significant affiliation with the issuer(s) that is/are the subject of this research report. There is a possibility that we will from time to time have long or short positions in, and buy or sell, the securities or derivatives, if any, referred to in this research.

Conflicts of Interest

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