Hi xxxxxx – Shares held in the margin type i

Hi xxxxxx –

Shares held in the margin type in a brokerage account may potentially be hypothecated if the account is running a debit balance or is holding uncovered option positions.

Hope that helps. If you would like to enroll in our fully paid lending program to earn some incremental income for your portfolio just let us know.

Best – Bruce
Bruce Chanenchuk | Vice President, Securities Finance | FIDELITY CAPITAL MARKETS
Mailing: 200 Seaport Blvd, ZW11A, Boston, MA 02210
Office: 155 Seaport Blvd, Boston, MA 02210
Desk: (800) 481-8313
Desk: (617) 392-8068

Sent: Friday, April 3, 2020 4:50 PM
To: Chanenchuk, Bruce <Bruce.Chanenchuk@FMR.COM>
Cc: FULLY PAID LENDING <Fully.Paid.Lending@fmr.com>
Subject: RE: Fidelity Investments - Fully Paid Lending Program (CYDY) Cytodyn Inc

Bruce,
Thank you for reaching out.
Could you please let me know if CYDY shares that are held in a margin account could be used for short sale lending without my authorization?
xxxxxxx.