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This excerpt taken from the PNC 10-K filed Feb 4, 2008. EQUITY FUNDING COMMITMENTS We had commitments to make additional equity investments in certain equity management entities of $123 million and affordable housing limited partnerships of $71 million at December 31, 2006. Additionally, in October 2005, we committed $200 million to PNC Mezzanine Partners III, L.P., a $350 million mezzanine fund, that invests principally in subordinated debt securities with an equity component. Funding of this investment is expected to occur over a five-year period. The remaining unfunded commitment on December 31, 2006 was $155 million. The limited partnership is consolidated for financial reporting purposes as PNC has a 57% ownership interest. This excerpt taken from the PNC 10-K filed Mar 1, 2007. EQUITY FUNDING COMMITMENTS We had commitments to make additional equity investments in certain equity management entities of $123 million and affordable housing limited partnerships of $71 million at December 31, 2006. Additionally, in October 2005, we committed $200 million to PNC Mezzanine Partners III, L.P., a $350 million mezzanine fund, that invests principally in subordinated debt securities with an equity component. Funding of this investment is expected to occur over a five-year period. The remaining unfunded commitment on December 31, 2006 was $155 million. The limited partnership is consolidated for financial reporting purposes as PNC has a 57% ownership interest. This excerpt taken from the PNC 10-Q filed Aug 9, 2006. EQUITY FUNDING COMMITMENTS We had commitments to make additional equity investments in certain equity management entities of $140 million and affordable housing limited partnerships of $45 million at June 30, 2006. Additionally, in October 2005, we committed $200 million to PNC Mezzanine Partners III, L.P., a $350 million mezzanine fund that invests principally in subordinated debt securities with an equity component. Funding of this investment is expected to occur over a five-year period. The remaining unfunded commitment on June 30, 2006 was $182 million. The limited partnership is consolidated for financial reporting purposes as PNC has a 57% ownership interest. This excerpt taken from the PNC 10-Q filed May 9, 2006. EQUITY FUNDING COMMITMENTS We had commitments to make additional equity investments in certain equity management entities of $70 million and affordable housing limited partnerships of $42 million at March 31, 2006. Additionally, in October 2005, we committed $200 million to PNC Mezzanine Partners III, L.P., a $350 million mezzanine fund, that invests principally in subordinated debt securities with an equity component. Funding of this investment is expected to occur over a five-year period. The remaining unfunded commitment on March 31, 2006 was $182 million. The limited partnership is consolidated for financial reporting purposes as PNC has a 57% ownership interest. | EXCERPTS ON THIS PAGE:
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