On March 31, 2017 (at 11:59PM) Mizuho Securities USA Inc., a Delaware corporation, will convert into a Delaware limited liability company and will become Mizuho Securities USA LLC, effective after the close of business on March 31, 2017.  The conversion is being made pursuant to an internal reorganization of Mizuho America’s operations.

Mizuho Securities USA LLC will succeed to all the business of Mizuho Securities USA Inc., and the conversion will not cause any change to our business relationships, including client accounts, or to any contractual arrangements with the firm, other than the change in entity name.  Under Delaware law, Mizuho Securities USA LLC shall be deemed to continue the existence of Mizuho Securities USA Inc., and all debts, obligations, liabilities, rights, assets and property of Mizuho Securities USA Inc. prior to the conversion shall remain vested in Mizuho Securities USA LLC upon the conversion.  In addition, we confirm that Mizuho Securities USA LLC will retain the same tax identification number as Mizuho Securities USA Inc.