And so how much we pay is determined obviously in how much cash we generate up through our partnership structure, and that’s and up through our corporate structures. So that’s going to be important to understand.The incentive fees from our hedged funds tend to be taxable in the fourth quarter because, of course, that’s when we realize our incentive income for the year and therefore we and we have a tax event that occurs in the fourth quarter associated with that income. And then lastly, the taxation, and this is something Lauren is going to go into a lot of detail on, the taxation is dependent upon where the income comes from.
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