VMS Help  —  Ext File Specs, Overview  Features  Deep Directories, Directory Naming Syntax
    On an ODS-5 volume, directory names conform to most of the same
    conventions as file names when using the ISO Latin-1 character
    set. Periods and special characters can be present in the
    directory name, but in some cases, they must be preceded by a
    circumflex (^) in order to be recognized as literal characters.
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