Arthur A. Hidalgo

Carpenter & Co. (Carpenter & Co.) is a private equity subsidiary of CCFW, Inc founded in 1974 by Edward J. Carpenter and Arthur A. Hidalgo. The firm is headquartered in Newport Beach, California.

First Interstate Bank is the investment management subsidiary of First Interstate BancSystem, Inc. (NASDAQ: FIBK), a financial holding company headquartered in Billings, Montana. Founded in 1971, the firm provides wealth management services to individuals and businesses.

Adelante Capital Management LLC (Adelante) is a SEC-registered investment advisor headquartered in Alameda, California. The firm was founded in 2004 and is a subsidiary of ACM Acquisition LLC. Adelante provides discretionary management to both domestic and foreign clients that currently consist primarily of public and corporate pension funds, foundations and endowments, banks and other financial institutions and individual investors. Client assets are managed through a variety of investment vehicles including separate accounts, commingled funds and separately managed account programs. The firm provides portfolio management services within several wrap fee programs.