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    Myron Kaplan • Private Investor

    Myron Kaplan's questions to Five Point Holdings LLC (FPH) leadership

    Myron Kaplan's questions to Five Point Holdings LLC (FPH) leadership • Q1 2025

    Question

    Myron Kaplan, a private investor, inquired about the company's plan to refinance its debt at year-end when the prepayment penalty expires. He also asked if development at Valencia would be accelerated due to recent wildfires and requested an update on the San Francisco project.

    Answer

    Executive Daniel Hedigan confirmed they are evaluating all refinancing options, contingent on high-yield market conditions. Regarding Valencia, he stated they are working to build a multi-year product pipeline and are still assessing how recent fires might impact government approval processes. He reiterated that more information on the San Francisco project would be provided later in the year.

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    Myron Kaplan's questions to Five Point Holdings LLC (FPH) leadership • Q4 2024

    Question

    A private investor named Myron Kaplan asked for clarification on the location of recent fires relative to the Valencia property and expressed support for refinancing the company's bonds. He also commented on the San Francisco strategy, suggesting Five Point could secure an equity interest in vertical development without a capital contribution.

    Answer

    Executive Daniel Hedigan confirmed the locations of the fires relative to the property and agreed with the sentiment on refinancing, stating that Five Point's credit profile has dramatically improved. Regarding the San Francisco strategy, Mr. Hedigan acknowledged the suggestion about securing an equity interest and confirmed they are exploring all options for the vertical development phase.

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    Myron Kaplan's questions to Five Point Holdings LLC (FPH) leadership • Q3 2024

    Question

    Myron Kaplan, a private investor, asked for elaboration on the importance of the renewed management agreement as a template for future deals. He also inquired about upcoming land sales in Valencia, the operational impact of the new Board of Directors, and the timeline for development activity at Candlestick.

    Answer

    Executive Daniel Hedigan described the Great Park management agreement as a successful and strong template that serves as a model for future partnership deals. He confirmed that Valencia land sales are progressing as anticipated. Hedigan stated that the Board changes are not expected to impact operations and reiterated his optimism that the Candlestick rebalancing is moving in a very positive direction, with development activity potentially beginning in about a year.

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