Shareholder Rights Directive (SRD II)

Pzena Investment Management is assessing whether the requirements introduced by the revised EU Shareholder Rights Directive (as implemented) relating to a shareholder engagement policy (the "Policy") are applicable, and if so, how the Policy would apply. If applicable, the Policy would describe how the Firm integrates shareholder engagement in its investment strategy; monitors investee companies on relevant matters, including strategy, financial and non-financial performance and risk, capital structure and social and environmental impact and corporate governance; conducts dialogues with investee companies; exercises voting rights and other rights attached to shares; cooperates with other shareholders; communicates with relevant stakeholders of the investee companies; and manages actual and potential conflicts of interest in relation to the firm's engagement.