MEMORANDUM TO: Clients and Friends of Ariel Investments, LLC FROM: Mellody Hobson, Co-CEO and President DATE: January 30, 2025 RE: Introducing . . . Project Level MEMORANDUM TO: Clients and Friends of Ariel Investments, LLC FROM: Mellody Hobson, Co-CEO and President DATE: January 30, 2025 RE: Introducing . . . Project Level Women’s sports are…