# EDGAR Filing Document

**Accession Number:** 0000922116
**File Stem:** 0000922116-25-000008
**Filing Date:** 2025-6
**Character Count:** 39704
**Document Hash:** 9d8cee6bfc1cf7d7f71b5ef25342c158
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000922116-25-000008.hdr.sgml**: 20250703

**ACCESSION NUMBER**: 0000922116-25-000008

**CONFORMED SUBMISSION TYPE**: MA-A

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250331

**FILED AS OF DATE**: 20250623

**DATE AS OF CHANGE**: 20250703

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MACQUARIE CAPITAL (USA) INC.
- **CENTRAL INDEX KEY:** 0000922116

**ORGANIZATION NAME:**
- **EIN:** 980141094
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** MA-A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 867-01218
- **FILM NUMBER:** 251106185

**BUSINESS ADDRESS:**
- **STREET 1:** 660 5TH AVE
- **STREET 2:** LEVEL 22
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10103
- **BUSINESS PHONE:** 1-718-536-6270

**MAIL ADDRESS:**
- **STREET 1:** 660 5TH AVE
- **STREET 2:** LEVEL 22
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10103

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MACQUARIE SECURITIES (USA) INC.
- **DATE OF NAME CHANGE:** 20080131

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MACQUARIE CAPITAL (USA) INC.
- **DATE OF NAME CHANGE:** 20080125

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MACQUARIE SECURITIES (USA) INC.
- **DATE OF NAME CHANGE:** 20040730

### Attached PDF Documents

**Attachment 1:** `MCUSAFormMACoverNote.pdf`

_No text found in this document._

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM MA: UNIFORM APPLICATION FOR MUNICIPAL ADVISOR REGISTRATION

### Filer and Contact Information

**Filer CIK:** 0000922116

**Filer CCC:** XXXXXXXX

**Contact Name:** Jeremy Chaplin

**Contact Phone:** 904-728-9269

**Contact Email:** jeremy.chaplin@macquarie.com

**Notification Emails:** rmgregistration@macquarie.com, jeremy.chaplin@macquarie.com

### Type of Filing

**Selected Filing Type:** Annual Update

### Item 1: Identifying Information

**A. Full Legal Name of the Firm:** MACQUARIE CAPITAL (USA) INC.

**&nbsp;&nbsp;&nbsp;Organization CRD No.:** 36368

**&nbsp;&nbsp;&nbsp;Is applicant a Sole Proprietor?:** No

**&nbsp;&nbsp;&nbsp;Has the municipal legal name changed since the last filing?:** No

**&nbsp;&nbsp;&nbsp;Has the applicant had any previous DBA names?:** No

**&nbsp;&nbsp;&nbsp;Does the applicant have any additional DBA names?:** No

**C. IRS Employer Identification Number:** 98-0141094

**D. Registrations:**

- **Municipal Advisor (Temporary):** SEC File No: 866-01524-00

- **Municipal Advisor:** SEC File No: 867-01218

- **Broker-Dealer:** SEC File No: 008-47198, CRD No: 36368

**E. Principal Office and Place of Business:** 660 5th Ave, NEW YORK, NY, 10103

**Telephone Number:** 212-231-1000

**Mailing Address is Different from Principal Office:** No

**F. Website:** www.macquarie.com

**G. Chief Compliance Officer (CCO):**

**Name:** Paulina M Chan

**Address:** 660 5th Ave, NEW YORK, NY, 10103

**Phone Number:** 718-536-6270

**Email:** Paulina.Chan@macquarie.com

**H. Business Affiliates:**

- **Name:** M.D. SASS-MACQUARIE FINANCIAL STRATEGIES MANAGEMENT COMPANY, LLC

  - **Issuing Agency:** SEC

  - **Jurisdiction:** 

- **Name:** DELAWARE DISTRIBUTORS, L.P.

  - **Issuing Agency:** SEC

  - **Jurisdiction:** 

- **Name:** MACQUARIE INVESTMENT MANAGEMENT BUSINESS TRUST

  - **Issuing Agency:** SEC

  - **Jurisdiction:** 

- **Name:** MACQUARIE AUSTRALIAN INFRASTRUCTURE MANAGEMENT 2 LIMITED

  - **Issuing Agency:** Australian Securities & Investments Commission (ASIC)

  - **Jurisdiction:** C3

- **Name:** MACQUARIE ALTERNATIVE ASSETS MANAGEMENT LIMITED

  - **Issuing Agency:** Australian Securities & Investments Commission (ASIC)

  - **Jurisdiction:** C3

- **Name:** MACQUARIE AGRICULTURAL FUNDS MANAGEMENT LIMITED

  - **Issuing Agency:** SEC

  - **Jurisdiction:** 

- **Name:** MACQUARIE CAPITAL (EUROPE) LIMITED

  - **Issuing Agency:** Financial Conduct Authority (FCA)

  - **Jurisdiction:** X0

- **Name:** MACQUARIE INFRASTRUCTURE AND REAL ASSETS (EUROPE) LIMITED

  - **Issuing Agency:** SEC

  - **Jurisdiction:** X0

- **Name:** MACQUARIE INVESTMENT MANAGEMENT GLOBAL LTD

  - **Issuing Agency:** Australian Securities & Investments Commission (ASIC)

  - **Jurisdiction:** C3

- **Name:** MACQUARIE AUSTRALIAN INFRASTRUCTURE MANAGEMENT 1 LIMITED

  - **Issuing Agency:** Australian Securities & Investments Commission (ASIC)

  - **Jurisdiction:** C3

- **Name:** MACQUARIE CAPITAL SECURITIES (JAPAN) LIMITED

  - **Issuing Agency:** Financial Services Agency (FSA)

  - **Jurisdiction:** M0

- **Name:** MACQUARIE CAPITAL SECURITIES (MALAYSIA) SDN. BHD.

  - **Issuing Agency:** Bursa Malaysia

  - **Jurisdiction:** N8

- **Name:** MACQUARIE CAPITAL SECURITIES (PHILIPPINES) INC

  - **Issuing Agency:** Philippines Securities and Exchange Commission (SEC)

  - **Jurisdiction:** R6

- **Name:** MACQUARIE CAPITAL LIMITED

  - **Issuing Agency:** Securities and Futures Commission (SFC)

  - **Jurisdiction:** K3

- **Name:** MACQUARIE FINANCIAL PRODUCTS MANAGEMENT LTD

  - **Issuing Agency:** Australian Securities & Investments Commission (ASIC)

  - **Jurisdiction:** C3

- **Name:** MACQUARIE ADVISORY & CAPITAL MARKETS SOUTH AFRICA (PTY) LTD

  - **Issuing Agency:** Financial Services Board (FSB)

  - **Jurisdiction:** T3

- **Name:** MACQUARIE FUNDS MANAGEMENT HONG KONG LIMITED

  - **Issuing Agency:** State Administration of Foreign Exchange (SAFE)

  - **Jurisdiction:** K3

- **Name:** MACQUARIE INFRASTRUCTURE MANAGEMENT (ASIA) PTY LIMITED

  - **Issuing Agency:** Australian Securities & Investments Commission (ASIC)

  - **Jurisdiction:** C3

- **Name:** MACQUARIE REAL ESTATE MANAGEMENT (AUSTRALIA) LTD

  - **Issuing Agency:** Australian Securities & Investments Commission (ASIC)

  - **Jurisdiction:** C3

- **Name:** MACQUARIE PRISM PTY LIMITED

  - **Issuing Agency:** Australian Securities & Investments Commission (ASIC)

  - **Jurisdiction:** C3

- **Name:** MACQUARIE SECURITIES (AUSTRALIA) LIMITED

  - **Issuing Agency:** Australian Securities & Investments Commission (ASIC)

  - **Jurisdiction:** C3

- **Name:** MACQUARIE SECURITIES (NZ) LIMITED

  - **Issuing Agency:** New Zealand Financial Markets Authority (NZFMA)

  - **Jurisdiction:** Q2

- **Name:** MACQUARIE SECURITIES (THAILAND) LIMITED

  - **Issuing Agency:** Thai Securities and Exchange Commission (SEC)

  - **Jurisdiction:** W1

- **Name:** MACQUARIE SECURITIES KOREA LIMITED

  - **Issuing Agency:** Financial Services Commission (FSC)

  - **Jurisdiction:** M4

- **Name:** MACQUARIE SPECIALISED ASSET MANAGEMENT 2 LTD

  - **Issuing Agency:** Australian Securities & Investments Commission (ASIC)

  - **Jurisdiction:** C3

- **Name:** MACQUARIE SPECIALISED ASSET MANAGEMENT LTD

  - **Issuing Agency:** Australian Securities & Investments Commission (ASIC)

  - **Jurisdiction:** C3

- **Name:** MACQUARIE INVESTMENT MANAGEMENT AUSTRALIA LIMITED

  - **Issuing Agency:** Australian Securities & Investments Commission (ASIC)

  - **Jurisdiction:** C3

- **Name:** MACQUARIE SPECIALIST INVESTMENT MANAGEMENT LIMITED

  - **Issuing Agency:** Australian Securities & Investments Commission (ASIC)

  - **Jurisdiction:** C3

- **Name:** PT MACQUARIE SEKURITAS INDONESIA

  - **Issuing Agency:** Otoritas Jasa Keuangan (OJK)

  - **Jurisdiction:** K8

- **Name:** MACQUARIE BANK LIMITED

  - **Issuing Agency:** Thai Securities and Exchange Commission (SEC)

  - **Jurisdiction:** W1

- **Name:** MACQUARIE GIG FUNDS MANAGEMENT LIMITED

  - **Issuing Agency:** Australian Securities & Investments Commission (ASIC)

  - **Jurisdiction:** C3

- **Name:** MACQUARIE INVESTMENT SERVICES LTD

  - **Issuing Agency:** Australian Securities & Investments Commission (ASIC)

  - **Jurisdiction:** C3

- **Name:** MACQUARIE FUTURES USA LLC

  - **Issuing Agency:** Commodity Futures Trading Commission

  - **Jurisdiction:** 

- **Name:** MACQUARIE CAPITAL (AUSTRALIA) LTD

  - **Issuing Agency:** Australian Securities & Investments Commission (ASIC)

  - **Jurisdiction:** C3

- **Name:** FINANCIAL INDEX AUSTRALIA PTY LIMITED

  - **Issuing Agency:** Australian Securities & Investments Commission (ASIC)

  - **Jurisdiction:** C3

- **Name:** MACQUARIE KOREA ASSET MANAGEMENT CO LTD

  - **Issuing Agency:** Financial Supervisory Service (FSS)

  - **Jurisdiction:** M5

- **Name:** MACQUARIE CAPITAL SECURITIES (INDIA) PRIVATE LIMITED

  - **Issuing Agency:** National Stock Exchange of India (NSE)

  - **Jurisdiction:** K7

- **Name:** MACQUARIE CAPITAL SECURITIES (SINGAPORE) PTE LIMITED

  - **Issuing Agency:** MAS

  - **Jurisdiction:** U0

- **Name:** AMERRA CAPITAL MANAGEMENT, LLC

  - **Issuing Agency:** SEC

  - **Jurisdiction:** 

- **Name:** MACQUARIE INFRASTRUCTURE AND REAL ASSETS (SALES) CANADA LTD

  - **Issuing Agency:** Ontario Securities Commission

  - **Jurisdiction:** Z4

- **Name:** MACQUARIE INFRASTRUCTURE PARTNERS INC.

  - **Issuing Agency:** U.S. Securities and Exchange Commission

  - **Jurisdiction:** 

- **Name:** MAM AMERICAS, INC.

  - **Issuing Agency:** U.S. Securities and Exchange Commission

  - **Jurisdiction:** 

- **Name:** MACQUARIE EQUITIES LTD

  - **Issuing Agency:** AUSTRALIAN SECURITIES & INVESTMENTS COMMISSION

  - **Jurisdiction:** C3

- **Name:** MACQUARIE FUTURES (SINGAPORE) PTE. LIMITED

  - **Issuing Agency:** Singapore Stock Exchange

  - **Jurisdiction:** U0

- **Name:** MACQUARIE ASIA SECURITIES LIMITED

  - **Issuing Agency:** SECURITIES AND FUTURES COMMISSION

  - **Jurisdiction:** K3

- **Name:** MACQUARIE MARKETS TRADING LIMITED

  - **Issuing Agency:** Securities and Futures Commission

  - **Jurisdiction:** K3

- **Name:** MACQUARIE ASSET MANAGEMENT JAPAN CO. LTD

- **Name:** MACQUARIE CAPITAL FRANCE (MCF)

- **Name:** MACQUARIE INVESTMENT MANAGEMENT EUROPE LIMITED

- **Name:** MACQUARIE ASSET MANAGEMENT EUROPE S.A.R.L. (MAMES)

  - **Issuing Agency:** Commission de Surveillance du Secteur Financier

  - **Jurisdiction:** N4

- **Name:** MACQUARIE INVESTMENT MANAGEMENT EUROPE S.A. (MIMESA)

  - **Issuing Agency:** Australian Transaction Reports and Analysis Centre

  - **Jurisdiction:** C3

- **Name:** MACQUARIE INVESTMENT MANAGEMENT AUSTRIA KAPITALANLAGE AG

- **Name:** MACQUARIE FUND ADVISERS PTY LTD

  - **Issuing Agency:** Australian Securities & Investments Commission

  - **Jurisdiction:** C3

- **Name:** DELAWARE INVESTMENTS FUND SERVICES COMPANY

  - **Issuing Agency:** SEC

  - **Jurisdiction:** 

- **Name:** DELAWARE SERVICE COMPANY, INC.

  - **Issuing Agency:** SEC

  - **Jurisdiction:** 

- **Name:** MACQUARIE INVESTMENT MANAGEMENT LTD

  - **Issuing Agency:** Australian Securities & Investments Commission

  - **Jurisdiction:** C3

- **Name:** MACQUARIE ALLIANCE PARTNERS MANAGEMENT, LLC

  - **Issuing Agency:** FINRA

  - **Jurisdiction:** 

- **Name:** MACQUARIE REAL ESTATE MANAGEMENT (US), LLC

  - **Issuing Agency:** SEC

  - **Jurisdiction:** 

- **Name:** CENTRAL PARK ADVISERS, LLC

  - **Issuing Agency:** Securities and Exchange Commission

  - **Jurisdiction:** 

- **Name:** MACQUARIE INFRASTRUCTURE AND REAL ASSETS INC.

  - **Issuing Agency:** SECURITIES AND EXCHANGE COMMISSION

  - **Jurisdiction:** 

- **Name:** MACQUARIE ASSET MANAGEMENT CREDIT ADVISERS US, LLC

  - **Issuing Agency:** SECURITIES AND EXCHANGE COMMISSION

  - **Jurisdiction:** 

- **Name:** MACQUARIE CAPITAL PARTNERS, LLC

  - **Issuing Agency:** SEC

  - **Jurisdiction:** 

**I. Location of Books and Records:** No

### Item 2: Form of Organization

**A. Applicant's form of organization:** Corporation

**B. Month of Applicant's Annual Fiscal Year End:** March

**C. State, Other U.S. Jurisdiction, or Foreign Jurisdiction Under Which Applicant is Organized:** DE

**D. Date of Organization:** 03-01-1994

**E. Is the applicant a public reporting company?:** No

### Item 3: Successions

**Is the applicant succeeding to the business of a registered municipal advisor?** No

### Item 4: Information About Applicant's Business

**A. Number of Employees:** 583

**B. Municipal Advisory Activities - Employees:** 3

**C. Registered Representatives - MAA Employees also registered reps of a broker-dealer:** 3

**&nbsp;&nbsp;&nbsp;MAA Employees also associated with an investment adviser:** 0

**D. Public Relations Company?:** No

**E. Soliciting on Behalf of an Affiliate - Number of firms:** 0

**F. Types of Clients - Number of clients served as municipal advisor:** 0

**&nbsp;&nbsp;&nbsp;Types of Clients:** Municipal Entities

**G. Solicitation of Municipal Entities and Obligated Persons - Municipal Entities:** 0

**&nbsp;&nbsp;&nbsp;Obligated Persons:** 0

**&nbsp;&nbsp;&nbsp;Total Solicited:** 0

**H. Types of Persons Solicited:** 
Not Applicable
, Not Applicable

**I. Compensation Arrangements (Municipal Advisory):** 
Fixed Fees
Contingent Fees
, Fixed Fees, Contingent Fees

**J. Compensation Arrangements (Solicitation):** 
Not Applicable
, Not Applicable

**K. Does the applicant receive compensation in the context of its municipal advisory business from other than its municipal entity or obligated person clients?:** No

**L. Applicant Business Relating to Municipal Securities:** Advice Insurance Of MS

### Item 5: Other Business Activities

- **Broker-Dealer:** Actively Engaged: Yes, Primary Business: Yes

**Is applicant engaged in any other non-municipal advisor business?** No

### Item 6: Financial Industry and Other Activities of Associated Persons

**Types of associated persons:** Broker-dealer municipal securities dealer or government securities broker or dealer

**Total Associated Persons:** 1

### Item 7: Participation or Interest in Client Transactions

- **Buy or sell municipal securities from or to municipal advisory clients for the firm's own account?:** No

- **Buy or sell municipal securities from or to third-parties on behalf of clients?:** No

- **Enter into derivatives transactions with clients for the firm's own account?:** No

- **Recommend to clients to buy/sell securities in which the firm has a financial interest?:** No

- **Recommend to clients products/services of an affiliated person?:** No

- **Recommend to clients securities of an issuer with which the firm has other relationships?:** No

- **Have discretionary authority to buy/sell municipal securities for clients?:** No

- **Have discretionary authority to buy/sell any other securities or investments for clients?:** No

- **Have discretionary authority to determine the broker-dealer to be used for client transactions?:** No

- **Have discretionary authority to determine the commission paid to a broker-dealer?:** No

- **Recommend broker-dealers to clients?:** No

- **&nbsp;&nbsp;&nbsp;If yes, are any of these broker-dealers an associated person of the applicant?:** —

- **Compensate any person for client referrals?:** No

- **Receive compensation from any person for client referrals?:** No

### Item 8: Owners, Officers, and Other Control Persons

**A. (2) Does any person not named in Item 1-A or Schedules A, B, or C, directly or indirectly, control the applicant's management or policies?** No

**B. (1) Is any person in Schedule A, B, or C, or in Section 8-A of Schedule D a public reporting company?** No

### Item 9: Disclosure Information

**Criminal Disclosure:**

- **Applicant/Advisory Affiliate Convicted/Pled Guilty to Felony?:** No

- **Applicant/Advisory Affiliate Charged with Felony?:** No

- **Organization Convicted/Pled Guilty to Felony?:** No

- **Organization Charged with Felony?:** No

**Regulatory Disclosure:**

- **SEC/CFTC Found False Statement?:** Yes

- **SEC/CFTC Found Violation?:** Yes

- **SEC/CFTC Found Cause of Denial/Suspension?:** No

- **SEC/CFTC Entered Order?:** Yes

- **SEC/CFTC Imposed Civil Penalty?:** Yes

- **SRO Found Unethical Conduct?:** No

- **SRO Found Violation?:** Yes

- **SRO Found Cause of Denial/Suspension?:** No

- **SRO Barred/Suspended/Fined > $2,500?:** Yes

- **SRO Denied/Suspended/Revoked Registration?:** Yes

- **Foreign Authority Found False Statement?:** No

- **Foreign Authority Found Violation?:** Yes

- **Foreign Authority Found Cause of Suspension?:** No

- **Foreign Authority Disciplined?:** No

- **Authorization to Act as Attorney/Accountant Revoked?:** No

- **Subject of a Regulatory Complaint?:** Yes

**Civil Disclosure:**

- **Enjoined in Connection with Municipal Advisory Activity?:** Yes

- **Found to Have Violated Regulations?:** Yes

- **Civil Proceeding Dismissed Pursuant to Settlement?:** No

- **Named in Civil Proceeding Alleging Violation?:** No

### Item 10: Small Businesses

**Does the applicant have annual receipts of less than $7,000,000?** No

**Is the applicant affiliated with a person that has annual receipts of more than $7,000,000?** No

### Schedule A: Direct Owners and Executive Officers

| Name                          | Title/Status                  | Date Acquired   | Ownership Code    | Control Person?   | IRS Number   | CRD Number   |
|:---|:---|:---|:---|:---|:---|:---|
| MACQUARIE HOLDINGS (USA) INC. | SHAREHOLDER                   | 08-01-1994      | E - 75% or more   | Yes               |  |  |
| CARLOS A DE FREITAS           | CHIEF OPERATING OFFICER       | 10-05-2017      | NA - less than 5% | Yes               |  | 4812920      |
| JAMES S CONAHAN               | CHIEF FINANCIAL OFFICER/FINOP | 06-01-2019      | NA - less than 5% | Yes               |  | 2538695      |
| TOBIAS NMN BACHTELER          | CO-CHIEF EXECUTIVE OFFICER    | 04-08-2021      | NA - less than 5% | Yes               |  | 4945558      |
| STEPHEN CHARLES MEHOS         | DIRECTOR                      | 04-17-2020      | NA - less than 5% | Yes               |  | 2526431      |
| ROBERT GEOFFREY VALENTINE     | DIRECTOR                      | 08-23-2021      | NA - less than 5% | Yes               |  | 5633577      |
| JANEEN KAY FULTON             | AML OFFICER                   | 02-15-2023      | NA - less than 5% | No                |  | 3066508      |
| JEREMY MURPHY VUOLO           | CO-CHIEF EXECUTIVE OFFICER    | 05-07-2024      | NA - less than 5% | Yes               |  | 2798378      |
| Paulina M Chan                | Chief Compliance Officer      | 09-11-2024      | NA - less than 5% | Yes               |  | 3211559      |

### Schedule B: Indirect Owners

| Owning Entity                               | Name                                            | Title/Status   | Date Acquired   | Ownership Code   | Control Person?   | IRS Number   |
|:---|:---|:---|:---|:---|:---|:---|
| MACQUARIE GROUP (US) HOLDINGS NO. 1 PTY LTD | MACQUARIE CAPITAL INTERNATIONAL HOLDING PTY LTD | INDIRECT OWNER | 04-01-2007      | E - 75% or more  | Yes               | 00-0000000   |
| MACQUARIE EQUITIES (US) HOLDINGS PTY LTD    | MACQUARIE GROUP (US) HOLDINGS NO. 1 PTY LTD     | INDIRECT OWNER | 04-01-2007      | E - 75% or more  | Yes               | 00-0000000   |

### Schedule C: Amendments to Schedules A and B

| Type   | Ownership   | Owning Entity                                          | Name                                                   | Title/Status                  | Date Acquired   | Ownership Code            | Control Person?   | IRS Number   | CRD Number   |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Direct      |  | MACQUARIE HOLDINGS (USA) INC.                          | SHAREHOLDER                   | 08-01-1994      | E - 75% or more           | Yes               |  |  |
| Amend  | Indirect    | MACQUARIE GROUP (US) HOLDINGS NO. 1 PTY LTD            | MACQUARIE CORPORATE INTERNATIONAL HOLDINGS PTY LIMITED | INDIRECT OWNER                | 04-01-2007      | E - 75% or more           | Yes               | 98-0530186   |  |
| Amend  | Indirect    | MACQUARIE EQUITIES (US) HOLDINGS PTY LTD               | MACQUARIE GROUP (US) HOLDINGS NO. 1 PTY LTD            | INDIRECT OWNER                | 04-01-2007      | E - 75% or more           | Yes               | 98-0530184   |  |
| NewAdd | Indirect    | MACQUARIE FINANCIAL LIMITED                            | MACQUARIE GROUP LIMITED                                | INDIRECT OWNER                | 11-01-2007      | E - 75% or more           | Yes               |  |  |
| NewAdd | Indirect    | MACQUARIE CORPORATE HOLDINGS PTY LIMITED               | MACQUARIE FINANCIAL LIMITED                            | INDIRECT OWNER                | 11-01-2007      | E - 75% or more           | Yes               |  |  |
| NewAdd | Indirect    | MACQUARIE CORPORATE INTERNATIONAL HOLDINGS PTY LIMITED | MACQUARIE CORPORATE HOLDINGS PTY LIMITED               | INDIRECT OWNER                | 11-01-2007      | E - 75% or more           | Yes               |  |  |
| NewAdd | Indirect    | MACQUARIE HOLDINGS (USA) INC.                          | MACQUARIE EQUITIES (US) HOLDINGS PTY LIMITED           | INDIRECT OWNER                | 08-01-1994      | D - 50% but less than 75% | Yes               |  |  |
|  | Direct      |  | CARLOS A DE FREITAS                                    | CHIEF OPERATING OFFICER       | 10-05-2017      | NA - less than 5%         | Yes               |  | 4812920      |
|  | Direct      |  | JAMES S CONAHAN                                        | CHIEF FINANCIAL OFFICER/FINOP | 06-01-2019      | NA - less than 5%         | Yes               |  | 2538695      |
|  | Direct      |  | TOBIAS NMN BACHTELER                                   | CO-CHIEF EXECUTIVE OFFICER    | 04-08-2021      | NA - less than 5%         | Yes               |  | 4945558      |
| Delete | Direct      |  | STEPHEN CHARLES MEHOS                                  | DIRECTOR                      | 04-17-2020      | NA - less than 5%         | Yes               |  | 2526431      |
|  | Direct      |  | ROBERT GEOFFREY VALENTINE                              | DIRECTOR                      | 08-23-2021      | NA - less than 5%         | Yes               |  | 5633577      |
|  | Direct      |  | JANEEN KAY FULTON                                      | AML OFFICER                   | 02-15-2023      | NA - less than 5%         | No                |  | 3066508      |
|  | Direct      |  | JEREMY MURPHY VUOLO                                    | CO-CHIEF EXECUTIVE OFFICER    | 05-07-2024      | NA - less than 5%         | Yes               |  | 2798378      |
|  | Direct      |  | Paulina M Chan                                         | Chief Compliance Officer      | 09-11-2024      | NA - less than 5%         | Yes               |  | 3211559      |

### Disclosure Reporting Pages (DRPs)

**Regulatory DRP for: Applicant and Associated Person (Responding to Questions: 9-D2)**

- **Filed On (Applicant):** Form ADV/BD/U4 for MACQUARIE CAPITAL (USA) INC.

- **CRD Number:** 36368

- **Disclosure Number:** 1718802

  - **Associated Person:** —

  - **CRD Number:** 36368

  - **Filed On (AP):** Form ADV/BD/U4 for MACQUARIE CAPITAL (USA) INC.

  - **Disclosure Number:** 1718802

**Regulatory DRP for: Applicant (Responding to Questions: 9-E2)**

  - **Associated Person:** —

  - **CRD Number:** 36368

  - **Filed On (AP):** Form ADV/BD/U4 for MACQUARIE CAPITAL (USA) INC.

  - **Disclosure Number:** 1711172

  - **Associated Person:** —

  - **CRD Number:** 36368

  - **Filed On (AP):** Form ADV/BD/U4 for MACQUARIE CAPITAL (USA) INC.

  - **Disclosure Number:** 1711172

**Regulatory DRP for: Applicant (Responding to Questions: 9-E2)**

- **Filed On (Applicant):** Form ADV/BD/U4 for MACQUARIE CAPITAL (USA) INC.

- **CRD Number:** 36368

- **Disclosure Number:** 1691210

**Regulatory DRP for: Applicant (Responding to Questions: 9-C1, 9-C2, 9-C4, 9-C5)**

  - **Associated Person:** —

  - **CRD Number:** 36368

  - **Filed On (AP):** Form ADV/BD/U4 for MACQUARIE CAPITAL (USA) INC.

  - **Disclosure Number:** 1619761

**Regulatory DRP for: Applicant (Responding to Questions: 9-C4, 9-D2)**

  - **Associated Person:** —

  - **CRD Number:** 36368

  - **Filed On (AP):** Form ADV/BD/U4 for MACQUARIE CAPITAL (USA) INC

  - **Disclosure Number:** 1575509

**Regulatory DRP for: Applicant (Responding to Questions: 9-D4)**

  - **Associated Person:** —

  - **CRD Number:** 36368

  - **Filed On (AP):** Form ADV/BD/U4 for MACQUARIE CAPITL (USA) INC.

  - **Disclosure Number:** 1566996

**Regulatory DRP for: Applicant (Responding to Questions: 9-D2)**

  - **Associated Person:** —

  - **CRD Number:** 36368

  - **Filed On (AP):** Form ADV/BD/U4 for MACQUARIE CAPITAL (USA) INC.

  - **Disclosure Number:** 1566995

**Regulatory DRP for: Applicant (Responding to Questions: 9-D2)**

  - **Associated Person:** —

  - **CRD Number:** 36368

  - **Filed On (AP):** Form ADV/BD/U4 for MACQUARIE CAPITAL (USA) INC.

  - **Disclosure Number:** 1551284

**Regulatory DRP for: Applicant (Responding to Questions: 9-E2)**

  - **Associated Person:** —

  - **CRD Number:** 36368

  - **Filed On (AP):** Form ADV/BD/U4 for MACQUARIE CAPITAL (USA) INC.

  - **Disclosure Number:** 1533100

**Regulatory DRP for: Applicant (Responding to Questions: 9-D2)**

  - **Associated Person:** —

  - **CRD Number:** 36368

  - **Filed On (AP):** Form ADV/BD/U4 for MACQUARIE CAPITAL (USA) INC.

  - **Disclosure Number:** 1533099

**Regulatory DRP for: Applicant (Responding to Questions: 9-D2, 9-E2)**

  - **Associated Person:** —

  - **CRD Number:** 36368

  - **Filed On (AP):** Form ADV/BD/U4 for MACQUARIE CAPITAL (USA) INC.

  - **Disclosure Number:** 1492695

**Regulatory DRP for: Applicant (Responding to Questions: 9-C1, 9-C2, 9-C4, 9-C5)**

  - **Associated Person:** —

  - **CRD Number:** 36368

  - **Filed On (AP):** Form ADV/BD/U4 for MACQUARIE CAPITAL (USA) INC.

  - **Disclosure Number:** 1492696

**Regulatory DRP for: Applicant (Responding to Questions: 9-D2)**

  - **Associated Person:** —

  - **CRD Number:** 36368

  - **Filed On (AP):** Form ADV/BD/U4 for MACQUARIE CAPITAL (USA) INC.

  - **Disclosure Number:** 1484823

**Regulatory DRP for: Applicant (Responding to Questions: 9-D2)**

  - **Associated Person:** —

  - **CRD Number:** 36368

  - **Filed On (AP):** Form ADV/BD/U4 for MACQUARIE CAPITAL (USA) INC.

  - **Disclosure Number:** 1477872

**Regulatory DRP for: Applicant (Responding to Questions: 9-D2)**

  - **Associated Person:** —

  - **CRD Number:** 36368

  - **Filed On (AP):** Form ADV/BD/U4 for MACQUARIE CAPITAL (USA) INC.

  - **Disclosure Number:** 1477871

**Regulatory DRP for: Applicant (Responding to Questions: 9-D2)**

  - **Associated Person:** —

  - **CRD Number:** 36368

  - **Filed On (AP):** Form ADV/BD/U4 for MACQUARIE CAPITAL (USA) INC.

  - **Disclosure Number:** 1449010

**Regulatory DRP for: Applicant (Responding to Questions: 9-D2)**

  - **Associated Person:** —

  - **CRD Number:** 36368

  - **Filed On (AP):** Form ADV/BD/U4 for MACQUARIE CAPITAL (USA) INC.

  - **Disclosure Number:** 1415530

**Regulatory DRP for: Applicant (Responding to Questions: 9-D2)**

  - **Associated Person:** —

  - **CRD Number:** 36368

  - **Filed On (AP):** Form ADV/BD/U4 for MACQUARIE CAPITAL (USA) INC.

  - **Disclosure Number:** 1415527

**Regulatory DRP for: Applicant (Responding to Questions: 9-D2)**

  - **Associated Person:** —

  - **CRD Number:** 36368

  - **Filed On (AP):** Form ADV/BD/U4 for MACQUARIE CAPITAL (USA) INC.

  - **Disclosure Number:** 1354113

**Regulatory DRP for: Applicant (Responding to Questions: 9-D2, 9-D4)**

  - **Associated Person:** —

  - **CRD Number:** 36368

  - **Filed On (AP):** Form ADV/BD/U4 for MACQUARIE CAPITAL (USA) INC.

  - **Disclosure Number:** 1344913

**Regulatory DRP for: Applicant (Responding to Questions: 9-D2)**

  - **Associated Person:** —

  - **CRD Number:** 36368

  - **Filed On (AP):** Form ADV/BD/U4 for MACQUARIE CAPITAL (USA) INC.

  - **Disclosure Number:** 1344912

**Regulatory DRP for: Applicant (Responding to Questions: 9-D2)**

  - **Associated Person:** —

  - **CRD Number:** 36368

  - **Filed On (AP):** Form ADV/BD/U4 for MACQUARIE CAPITAL (USA) INC.

  - **Disclosure Number:** 1334312

**Regulatory DRP for: Applicant (Responding to Questions: 9-D2)**

  - **Associated Person:** —

  - **CRD Number:** 36368

  - **Filed On (AP):** Form ADV/BD/U4 for MACQUARIE CAPITAL (USA) INC.

  - **Disclosure Number:** 1334311

**Regulatory DRP for: Applicant (Responding to Questions: 9-D2)**

  - **Associated Person:** —

  - **CRD Number:** 36368

  - **Filed On (AP):** Form ADV/BD/U4 for MACQUARIE CAPITAL (USA) INC.

  - **Disclosure Number:** 1334310

**Regulatory DRP for: Applicant (Responding to Questions: 9-D2)**

  - **Associated Person:** —

  - **CRD Number:** 36368

  - **Filed On (AP):** Form ADV/BD/U4 for MACQUARIE CAPITAL (USA) INC.

  - **Disclosure Number:** 1334309

**Regulatory DRP for: Applicant (Responding to Questions: 9-D2)**

  - **Associated Person:** —

  - **CRD Number:** 36368

  - **Filed On (AP):** Form ADV/BD/U4 for MACQUARIE CAPITAL (USA) INC.

  - **Disclosure Number:** 1334308

**Regulatory DRP for: Applicant (Responding to Questions: 9-D2)**

  - **Associated Person:** —

  - **CRD Number:** 36368

  - **Filed On (AP):** Form ADV/BD/U4 for MACQUARIE CAPITAL (USA) INC.

  - **Disclosure Number:** 1334307

**Regulatory DRP for: Applicant (Responding to Questions: 9-D2)**

  - **Associated Person:** —

  - **CRD Number:** 36368

  - **Filed On (AP):** Form ADV/BD/U4 for MACQUARIE CAPITAL (USA) INC.

  - **Disclosure Number:** 1334305

**Regulatory DRP for: Applicant (Responding to Questions: 9-D2)**

  - **Associated Person:** —

  - **CRD Number:** 36368

  - **Filed On (AP):** Form ADV/BD/U4 for MACQUARIE CAPITAL (USA) INC.

  - **Disclosure Number:** 1334304

**Regulatory DRP for: Applicant (Responding to Questions: 9-D2)**

  - **Associated Person:** —

  - **CRD Number:** 36368

  - **Filed On (AP):** Form ADV/BD/U4 for MACQUARIE CAPITAL (USA) INC.

  - **Disclosure Number:** 1334302

**Regulatory DRP for: Applicant (Responding to Questions: 9-E2)**

- **Filed On (Applicant):** Form ADV/BD/U4 for MACQUARIE CAPITAL (USA) INC.

- **CRD Number:** 36368

- **Disclosure Number:** 1726147

**Regulatory DRP for: Applicant (Responding to Questions: 9-D5)**

  - **Associated Person:** —

  - **CRD Number:** 36368

  - **Filed On (AP):** Form ADV/BD/U4 for MACQUARIE CAPITAL (USA) INC

  - **Disclosure Number:** 1746892

**Regulatory DRP for: Applicant (Responding to Questions: 9-C2, 9-C4, 9-C5)**

  - **Associated Person:** —

  - **CRD Number:** 14232

  - **Filed On (AP):** Form ADV/BD/U4 for DELAWARE DISTRIBUTORS, L.P.

  - **Disclosure Number:** 1809368

  - **Associated Person:** —

  - **CRD Number:** 127077

  - **Filed On (AP):** Form ADV/BD/U4 for DOURCORNERS CAPITAL MANAGEMENT, LLC

  - **Disclosure Number:** 1809368

  - **Associated Person:** —

  - **CRD Number:** 130352

  - **Filed On (AP):** Form ADV/BD/U4 for MACQUARIE CAPITAL INVESTMENT MANAGEMENT LLC

  - **Disclosure Number:** 1809368

  - **Associated Person:** —

  - **CRD Number:** 163553

  - **Filed On (AP):** Form ADV/BD/U4 for MACQUARIE FUNDS MANAGEMENT HONG KONG LIMITED

  - **Disclosure Number:** 1809368

**Regulatory DRP for: Applicant (Responding to Questions: 9-E2)**

- **Filed On (Applicant):** Form ADV/BD/U4 for MACQUARIE CAPITAL (USA) INC.

- **CRD Number:** 36368

- **Disclosure Number:** 1857045

**Regulatory DRP for: Applicant (Responding to Questions: 9-E2)**

  - **Associated Person:** —

  - **CRD Number:** 36368

  - **Filed On (AP):** Form ADV/BD/U4 for MACQUARIE CAPITAL

  - **Disclosure Number:** 1860064

**Regulatory DRP for: Applicant (Responding to Questions: 9-E2)**

  - **Associated Person:** —

  - **CRD Number:** 36368

  - **Filed On (AP):** Form ADV/BD/U4 for MACQUARIE CAPITAL (USA) INC.

  - **Disclosure Number:** 1860065

**Regulatory DRP for: Applicant (Responding to Questions: 9-D4)**

  - **Associated Person:** —

  - **CRD Number:** 36368

  - **Filed On (AP):** Form ADV/BD/U4 for MACQUARIE CAPITAL (USA) INC.

  - **Disclosure Number:** 1880860

**Regulatory DRP for: Applicant (Responding to Questions: 9-C2)**

  - **Associated Person:** —

  - **CRD Number:** 36368

  - **Filed On (AP):** Form ADV/BD/U4 for MACQUARIE CAPITAL (USA) INC.

  - **Disclosure Number:** 1880861

**Regulatory DRP for: Applicant (Responding to Questions: 9-E2)**

  - **Associated Person:** —

  - **CRD Number:** 36368

  - **Filed On (AP):** Form ADV/BD/U4 for MACQUARIE CAPITAL (USA) INC.

  - **Disclosure Number:** 1889287

**Regulatory DRP for: Applicant (Responding to Questions: 9-E2)**

  - **Associated Person:** —

  - **CRD Number:** 36368

  - **Filed On (AP):** Form ADV/BD/U4 for MACQUARIE CAPITAL (USA) INC.

  - **Disclosure Number:** 1889289

**Regulatory DRP for: Applicant (Responding to Questions: 9-E2)**

  - **Associated Person:** —

  - **CRD Number:** 36368

  - **Filed On (AP):** Form ADV/BD/U4 for MACQUARIE CAPITAL (USA) INC.

  - **Disclosure Number:** 1889290

**Regulatory DRP for: Applicant (Responding to Questions: 9-E2)**

  - **Associated Person:** —

  - **CRD Number:** 36868

  - **Filed On (AP):** Form ADV/BD/U4 for MACQUARIE CAPITAL (USA) INC.

  - **Disclosure Number:** 1993399

**Regulatory DRP for: Applicant (Responding to Questions: 9-E2)**

  - **Associated Person:** —

  - **CRD Number:** 36368

  - **Filed On (AP):** Form ADV/BD/U4 for MACQUARIE CAPITAL (USA) INC.

  - **Disclosure Number:** 2012012

**Regulatory DRP for: Applicant (Responding to Questions: 9-D2)**

  - **Associated Person:** —

  - **CRD Number:** 36368

  - **Filed On (AP):** Form ADV/BD/U4 for MACQUARIE CAPITAL (USA) INC.

  - **Disclosure Number:** 2024678

**Regulatory DRP for: Applicant (Responding to Questions: 9-D2)**

  - **Associated Person:** —

  - **CRD Number:** 36368

  - **Filed On (AP):** Form ADV/BD/U4 for MACQUARIE CAPITAL (USA) INC.

  - **Disclosure Number:** 2034299

**Regulatory DRP for: Applicant (Responding to Questions: 9-E2)**

  - **Associated Person:** —

  - **CRD Number:** 36368

  - **Filed On (AP):** Form ADV/BD/U4 for MACQUARIE CAPITAL (USA) INC.

  - **Disclosure Number:** 2047791

**Regulatory DRP for: Applicant (Responding to Questions: 9-E2)**

  - **Associated Person:** —

  - **CRD Number:** 36368

  - **Filed On (AP):** Form ADV/BD/U4 for MACQUARIE CAPITAL (USA) INC.

  - **Disclosure Number:** 2047792

**Regulatory DRP for: Applicant (Responding to Questions: 9-D2)**

  - **Associated Person:** —

  - **CRD Number:** 36368

  - **Filed On (AP):** Form ADV/BD/U4 for MACQUARIE CAPITAL (USA) INC.

  - **Disclosure Number:** 2063601

**Regulatory DRP for: Applicant (Responding to Questions: 9-E2)**

  - **Associated Person:** —

  - **CRD Number:** 36368

  - **Filed On (AP):** Form ADV/BD/U4 for MACQUARIE CAPITAL (USA) INC.

  - **Disclosure Number:** 2067677

**Regulatory DRP for: Applicant (Responding to Questions: 9-E2)**

  - **Associated Person:** —

  - **CRD Number:** 36368

  - **Filed On (AP):** Form ADV/BD/U4 for MACQUARIE CAPITAL (USA) INC.

  - **Disclosure Number:** 2086643

**Regulatory DRP for: Applicant (Responding to Questions: 9-D2)**

  - **Associated Person:** —

  - **CRD Number:** 36368

  - **Filed On (AP):** Form ADV/BD/U4 for MACQUARIE CAPITAL (USA) INC.

  - **Disclosure Number:** 2094844

**Regulatory DRP for: Applicant (Responding to Questions: 9-D2)**

  - **Associated Person:** —

  - **CRD Number:** 36368

  - **Filed On (AP):** Form ADV/BD/U4 for MACQUARIE CAPITAL (USA) INC.

  - **Disclosure Number:** 2123953

**Regulatory DRP for: Applicant (Responding to Questions: 9-D2)**

  - **Associated Person:** —

  - **CRD Number:** 36368

  - **Filed On (AP):** Form ADV/BD/U4 for Macquarie Capital (USA) Inc.

  - **Disclosure Number:** 2130795

**Regulatory DRP for: Applicant (Responding to Questions: 9-D2)**

  - **Associated Person:** —

  - **CRD Number:** 36368

  - **Filed On (AP):** Form ADV/BD/U4 for MACQUARIE CAPITAL (USA), INC.

  - **Disclosure Number:** 2168860

**Regulatory DRP for: Applicant (Responding to Questions: 9-D2)**

  - **Associated Person:** —

  - **CRD Number:** 36368

  - **Filed On (AP):** Form ADV/BD/U4 for MACQUARIE CAPITAL (USA) INC.

  - **Disclosure Number:** 2202676

**Regulatory DRP for: Applicant (Responding to Questions: 9-E2)**

  - **Associated Person:** —

  - **CRD Number:** 36368

  - **Filed On (AP):** Form ADV/BD/U4 for MACQUARIE CAPITAL USA INC.

  - **Disclosure Number:** 2202860

**Regulatory DRP for: Applicant (Responding to Questions: 9-D2)**

  - **Associated Person:** —

  - **CRD Number:** 36368

  - **Filed On (AP):** Form ADV/BD/U4 for MACQUARIE CAPITAL (USA) INC.

  - **Disclosure Number:** 1354113

**Regulatory DRP for: Applicant (Responding to Questions: 9-E2)**

  - **Associated Person:** —

  - **CRD Number:** 36368

  - **Filed On (AP):** Form ADV/BD/U4 for MACQUARIE CAPITAL (USA) INC.

  - **Disclosure Number:** 2280045

**Regulatory DRP for: Applicant (Responding to Questions: 9-E2)**

  - **Associated Person:** —

  - **CRD Number:** 36368

  - **Filed On (AP):** Form ADV/BD/U4 for MACQUARIE CAPITAL (USA) INC.

  - **Disclosure Number:** 2251165

**Regulatory DRP for: Applicant (Responding to Questions: 9-D2)**

  - **Associated Person:** —

  - **CRD Number:** 36368

  - **Filed On (AP):** Form ADV/BD/U4 for MACQUARIE CAPITAL (USA) INC.

  - **Disclosure Number:** 2298270

**Regulatory DRP for: Applicant (Responding to Questions: 9-D2)**

  - **Associated Person:** —

  - **CRD Number:** 36368

  - **Filed On (AP):** Form ADV/BD/U4 for MACQUARIE CAPITAL (USA) INC.

  - **Disclosure Number:** 2298272

**Regulatory DRP for: Applicant (Responding to Questions: 9-D2)**

  - **Associated Person:** —

  - **CRD Number:** 36368

  - **Filed On (AP):** Form ADV/BD/U4 for MACQUARIE CAPITAL (USA) INC.

  - **Disclosure Number:** 2298271

**Regulatory DRP for: Applicant (Responding to Questions: 9-D2)**

  - **Associated Person:** —

  - **CRD Number:** 36368

  - **Filed On (AP):** Form ADV/BD/U4 for MACQUARIE CAPITAL (USA) INC.

  - **Disclosure Number:** 2322852

**Regulatory DRP for: Applicant (Responding to Questions: 9-D2)**

  - **Associated Person:** —

  - **CRD Number:** 36368

  - **Filed On (AP):** Form ADV/BD/U4 for MACQUARIE CAPITAL (USA) INC.

  - **Disclosure Number:** 2362814

**Regulatory DRP for: Applicant (Responding to Questions: 9-C1, 9-C2, 9-C4, 9-C5)**

  - **Associated Person:** —

  - **CRD Number:** 36368

  - **Filed On (AP):** Form ADV/BD/U4 for MACQUARIE CAPITAL (USA) INC.

  - **Disclosure Number:** 2362815

**Regulatory DRP for: Applicant (Responding to Questions: 9-D2)**

  - **Associated Person:** —

  - **CRD Number:** 36368

  - **Filed On (AP):** Form ADV/BD/U4 for MACQUARIE CAPITAL (USA) INC

  - **Disclosure Number:** 2373691

**Regulatory DRP for: Applicant (Responding to Questions: 9-D2)**

  - **Associated Person:** —

  - **CRD Number:** 36368

  - **Filed On (AP):** Form ADV/BD/U4 for MACQUARIE CAPITAL (USA) INC

  - **Disclosure Number:** 2383003

**Regulatory DRP for: Applicant (Responding to Questions: 9-D2)**

  - **Associated Person:** —

  - **CRD Number:** 36368

  - **Filed On (AP):** Form ADV/BD/U4 for MACQUARIE CAPITAL (USA) INC

  - **Disclosure Number:** 2407476

**Regulatory DRP for: Applicant (Responding to Questions: 9-D2, 9-G)**

  - **Associated Person:** —

  - **CRD Number:** 36368

  - **Filed On (AP):** Form ADV/BD/U4 for MACQUARIE CAPITAL (USA) INC

  - **Disclosure Number:** 2407477

### Execution Page

**Signature:** Paulina Chan

**Signer Name:** Paulina Chan

**Title:** Chief Compliance Officer

**Date:** 06-23-2025

**CRD Number:** 3211559