Victory Capital (VCTR) Partnership summary

Opening remarks and agenda

• A definitive agreement was signed between Victory Capital and Amundi, following a prior Memorandum of Understanding, with a conference call and webcast scheduled to discuss the transaction and its details.

• Forward-looking statements and associated risks were highlighted, with reference to recent press releases and SEC filings for further details.

Objectives of the partnership

• The partnership aims to create significant value, drive profitable growth, accelerate globalization, and increase cash flow through a new global distribution channel.

• Expanding distribution reach outside the U.S. and diversifying the client base are key goals, with interests of both firms closely aligned.

Partner introductions and roles

• Leadership from both firms participated, including the CEO, CFO, and Chief of Staff.

• Amundi US business will be combined into Victory Capital, with Amundi becoming a strategic shareholder holding a 26.1% economic stake and two representatives joining Victory Capital's Board.