EFTA00238360.pdf

UBS Financial Services Inc. *UBS 1285 Avenue of the Americas 20111 Floor New York. NY 10019 Notice GI-IISLAINE MAXWELL NEWYORK, NY 10065-7007 July 5, 2016 2015 Schedule K-1 for your AlphaKeys Millennium Fund, L.L.C. Investment The enclosed document includes important information to help you prepare for filing your federal, state and local income tax returns. What you need to know • When determining your cost basis, your capital account balance does not include any placement fees that you may have paid at the time you made your initial investment. • For tax-exempt accounts, please review your Schedule K-1 for any unrelated business taxable income (UBTI). What you need to do Please contact your tax advisor with any questions regarding your filing obligations for UBTI, to determine if you are required to obtain a separate Employer Identification Number (EIN) to fulfil any associated filing requirements, or any other tax-related questions. Questions Please contact your Financial Advisor with questions. We thank you for your relationship and look forward to continuing to serve your wealth management needs. Disclosure Neither UBS Financial Services Inc. nor its employees provide tax services or advice. Please consult with your tax advisor regarding your specific situation. UBS Financial Services Inc. is a subsidiary of UBS AG CONFIDENTIAL UBSTERRAMAR00002969 EFTA00238360  651113 E1 Final K • • ri Amended K.' OMB No. 15' , Schedule K-1 Partner's Share of Current Year Income, (Form 1065) 2015 Part III Deductions, Credits, and Other Items Depaiment of the treasury For calendar year 2015, or tax Orclinari b.ainess •rcorre press) 15 Col: • - Internal Revenue Servrce year bec nning • 2015 o .20 2 Net rental real estate income (loss) Partner's Share of Income, Deductions, 3 Other net rental income (loss) 16 Foreign transactions Credits, etc. • Srr back of fora, and •frparata iraftrucb01111 VARIOUS A Information About the Partnership 4 Guaranteed payments 5,448 5 Interest income 8 Partnership's name. address. city. state. and Z P woe • 3 C 5,341 ALPHABETS MILLENNIUM FUND, L. L . C. 64 Orcinary dividends ATTN: WAYNE HUANG D* 353 tlb Qualified dividends NEW YORK, NY 10019 G 1,985 C IRS Center "Awe partnership filed return 7 Royalties E-FILE 74 0 0 Check if this is a publicly traded partnership (PIP) 8 Net short-term capital gain (loss) L 18 5 Part II gittormatIon About the Partner Os Net long-term capital gain (loss) 17 Merratrve minwrian tax (AMT) items E Partner's identify.-sa number 9b Collectibles (28%) gam (loss) F Partner's name, address, city. state. and ZIP code PARTNER 1215224 SLAINE MAXWELL 9c Unrecaptured section 1250 gain NEW YORK, NY 10065-7007 10 Net section 1231 gain (loss) 18 Tax-exempt income and nondeductible expenses El General partner or LLC El Limited partner or other LLC 11 Otner income (loss) C 3 member-manager member C4 25 g Domestic partner 0 Foreign partner F. 5,420 It What type of entity is this partner? INDIVIDUAL 12 If this partner is a retirement plan (IRAISEP/Keoghretc.), check here 10 Distributions 12 Section 179 deduction At SEE STATEMENT J Partner's share of profit. Iowa. and caplet (see instructions) Beginning Ending 13 Other deductions Profit 0.0079 .3t 0.0589 % 1 , 985 20 Other information LOSS 0.0079 % 0.0589 % Capital 0.0000 % 0.0589 % X* 252 A K Partner's share of Ioblides at year end: B 252 Nonrecourse 43 14 Self-employment earnings (lose) Guarded nonrecourse financing V* SEE STATEMENT Recourse • STMT L Partner's capital account analysis 'See attached statement for additional information. Beginning capital account . . . Capital contributed during the year 250,000 Current year increase (decrease) 3,155 For IRS Use Only Withdrawals & distributions . ( Endng capital account . . . 253,155 O Tax basis GAM 0 Section 704(b) book O Other (explain) M Did the partner contnbute property with a built-in gain or loss? ❑ The ID No If 'Yes: attach statement (see instructions) For Paperwork Reduction Act Notice, on Instructions/or Form 1066. IRS.gov/lotrn1065 Cat. No. 113948 Schedule K-1 (Form 1085) 2015 CONFIDENTIAL UBSTERRAMAR00002970 EFTA00238361  Schedule K-1 (Form 1065) 2015 PARTNER 4215224 GNISLAINE MAXWELL This list identifies the codes used on Schedule K-1 for all partners and provides summarized reporting information for partners who file Form 1040. For detailed reporting and filing information, see the separate Partner's Instructions for Schedule K-1 and the instructions for your income tax return. 1. Ordinary business income (lose). Determine whether the income (loss) s Code Report on PaSsivo or nonpassive and enter on you, return as hollows. L Empowerment zone Report on employment credit Passve loss See the Partners Instructions M Griot for nonsasho research Passve income Schedule E. line 28. column (g) activities See the Partner's Instructions Norpasswe loss Schedule E. line 28. column (19 N Credit for employer social Norpassve income Schedule E. line 28. column 6) security and Medicare taxes 2. Net rental real estate income (loss) See the Partner's Instructions 0 Backup withholding 3. Other net rental income (loss) P Other credits Net income Schedule E. line 28. column (g) 16. Foreign transactions Net :oss See the Partner's Instructions A Name of country or U.S. 4. Guaranteed payments Schedule E. line 28, column 9) possession 5. Interest income Form 1040. line 8a B Gross income from al sources Form 1116. Part I 6a. Ordinary dividends Form 1040, line 9a C Gross income sourced at Ob. Qualified dividends Form 1040. line 9b partner level 7. Royalties Schedule E. line 4 Foreign gross Income sourced at partnership level 8. Net short-term capital gain (toes) Schedule D. line 5 D Passive category 9a. Net long-term capital gain (loss) Schedule D. line 12 E General category Form 1116. Part i 9b. Collectibles (28%) gain (loss) 28% Rate Gain Worksheet. ins 4 F Other (Scheckie D instructions) Deductions allocated and apportioned at partner level 9c. Unrecaptured section 1250 gain See the Partner's Instructions G Interest expense Form 1116. Part i 10. Net section 1231 gain (loss) See the Partner's Instructions H Other Form 1118 Part I 11. Other income (lose) Deductions allocated and apportioned et partnership level to foreign source Code income A Other portfolio income (loss) See the Partner's Instructions I Passve category B Involuntary conversions See the Partner's Instructions J General category I Form 1116, Part I C Sec. 1256 contracts & straddes Form 6781, Imo 1 K Other D Mining expbration Costs recapture See Pub. 535 Other integration E Cancellation of debt Form 1040, line 21 or Form 982 L Total foreign taxes pad Form 1116. Part tl F Other income (loss) See the Partner's Instructions M Total foreign taxes accrued Form 1116, Part II 12. Section 179 deduction See the Partner's Instructions N Reduction in taxes available for credit Form 1116, line 12 13. Other deductions O Foreign trading goes receipts Form 8873 A Cash contribubons (50%) P Extraterritorial income exclusion Form 8873 B Cash contrbulions (30%) El Other foreign transactions See the Partner's Instructions C Noncash contributions (50%) 17. Alternative minimum tax (AMT) items D Noncash contributions (30%) See the Partner's A Post-1986 depreciation adealmeM E Capital gain property to a 50% Instructions B Adjusted gain or loss See the Partner's organization (30%) C Depletion (other than oil 8, gas) Instructions and F Capital gain property (20%) Ci Oil, gas. 8 geotherrral —gross income the Instructions for CI Contributions (100%) E Oil, gas. 8 geothermal —deductions Form 6251 H Investment interest expense Form 4952. ins 1 F Other MAT items I Deductions —royalty income Schedule E. line 19 18. Tax-exempt income end nondeductble expenses J Section 59(eK2) expenditures See the Partner's Instructions A Tax-exempt interest income Form 1040. line 8b K Deductions —portfolio (2% floor) Schedule A. line 23 B Other tax-exempt income See the Partner's Instructions L Deductions —portfolio (other) Schedule A. line 28 C Nondeductible expenses See the Partner's Instructions M Amounts paid for medical insurance Scheclule A line 1 or Form 1040. line 29 19. Disbibutione N Educational assistance benefits See the Partner's Instructions A Cash and marketable securities O Dependent care benefits Form 2441, line 12 B Dsbibution subject to section 737 See the Partner's Instructions P Preproductrve period expenses See the Partners Irestruchons C Other properly 0 Commercial revitalization deduction 20. Other Information from rental real estate activities See Form 8582 instructions A Investment income Form 4952. line 4a R Pensions and IRAs See the Partners Instructions B Investment expenses Form 4952. line 5 S Reforestation expense deduction See the Partner's Instructions C Fuel tax credit information Form 4138 T Domestic production achy*** 0 Qualified rehabitaton expenditures information See Form 8903 instructions (other than rental real estate) See the Partner's Instructions U Qualleed production sextettes income Form 8903, ins 7b E Basis of energy property See the Partner's Instructions V Employers Form W-2 wages Form 8903, line 17 F Recapture c4 low-income housing W Other deductions See the Partners Instructions credit (section 420)(5)) Form 8611, line 8 14. Sell-employment earnings (Ion) G Recapture of tow-income housing Note: If you have a section 179 deduction or any partner-level deductions. see the credit (other) Form 8611, line 8 Partner's Instructions before completing Schedule SE. H Recapture of investment credit See Form 4255 A Net earnings (loss) from I Recapture of other crews See the Partner's Instructions self-employment Schedule SE. Section A or B J Look-back interest —completed B Gross farming or fishing income See the Partner's Instructions long-term contracts See Form 8697 C Gross non-farm income See the Partner's Instructions K Look-back interest -ncome forecast 15. Credits method See Form 8888 A Low-income housing credit L Dispositions of property with (section 420)(5)) from pre-2008 section 179 deductions buildings M Recapture of section 179 deduction B Low-Income housing credit N Interest expense for corporate (other) Iran pre-2008 bindings partners C Low-income housing credit 0 Section 453(7)(3) information (section 429X5)) from P Section 453A(c) information post-2007 buildings See the Partner's Instructions 0 Section 1260(b) information D Low-income housing credit R Interest allocable to production See the Partners (other) from post-2007 expenditures Instructions buildings S CCF nonquatified withdrawals E Qualified rehabilitation T Depletion information —oil and gas expenditures (rental real estate) U Reserved F Other rental real estate credits V Unrelated business taxable income CI Other rental credits W Precontributnn gain (loss) H Undistributed caplet gams credit Form 1040, ins 73: check box a X Section 108(i) information I &Suet producer credit V Net investment income Work opportunity credit Z Other information See the Partner's Instructions K Disabled recess credit CONFIDENTIAL UBSTERRAMAR00002971 EFTA00238362  ALPHAKEYS MILLENNIUM FUND. L.L.C. PARTNER 10 215224 27-5238213 SCHEDULE K-1 SUPPORTING SCHEDULES GHISLAINE MAXWELL 20 OTHER INFORMATION r NET INVESTMENT INCOME SEE STATEMENT r OTHER INFORMATION SEE STATEMENT CONFIDENTIAL UBSTERRAMAR00002972 EFTA00238363  ALPHAKEYS MILLENNIUM FUND. L.L.C. PARTNER ID 215224 27-5238213 SCHEDULE K-1 SUPPORTING SCHEDULES GHISLAINE MAXWELL PART II, ITEM L, CURRENT YEAR INCREASE (DECREASE) INCOME (LOSS) FROM SCH. K•1, BOXES 1 • 11 5.448 LESS: DEDUCTIONS FROM SCH. K-1, BOX 12, 13. 161. & 16M 2,255 TOTAL INCOME (LOSS) PER SCHEDULE K•1 3.193 NONDEDUCTIBLE EXPENSES (3) UNREALIZED APPRECIATION/(DEPRECIATION) & OTHER TEMPORARY DIFFERENCES (35) CURRENT YEAR INCREASE (DECREASE) 3.155 BOX 6 • INTEREST INCOME OTHER INTEREST INCOME -US 3 TOTAL INTEREST INCOME 3 BOX 11, CODE C - SECTION 1266 CONTRACTS 8 STRADDLES NET SECTION 1256 GAIN (LOSS) FROM TRADING ACTIVITIES 25 (1040 FILERS ENTER ON FORM 6781, LINE 1, GAIN COL. C (LOSS) COL. B) TOTAL SECTION 1256 CONTRACTS & STRADDLES 25 BOX 11, CODE F - OTHER INCOME (LOSS) NET ORDINARY INCOME (LOSS) FROM TRADE OR BUSINESS ACTIVITY BEFORE DIVIDEND INCOME (577) (SEE SEPARATE FOOTNOTE BELOW FOR DETAILS) (1040 FILERS ENTER ON SCH. E. PART II, INCOME COL. J. (LOSS) COL. H) TOTAL ORDINARY TRADE OR BUSINESS DIVIDENDS 681 (1040 FILERS ENTER ON FORM 1040, LINE 9A) (SEE SUPPLEMENTAL FOOTNOTE) ORDINARY INCOME: SECURITIES TRADER MTM ELECTION PER I.R.C. SECTION 475 (F) 5.310 (1040 FILERS ENTER ON FORM 4797. PART II, LINE 10) TRADE OR BUSINESS CAPITAL GAINS (LOSSES): NET LONGTERM CAPITAL GAIN (LOSS) 6 (1040 FILERS ENTER ON SCH. D. LINE 12. COL. H) TOTAL OTHER INCOME (LOSS) 5.420 DETAIL OF NET ORDINARY INCOME (LOSS) FROM TRADE OR BUSINESS ACTIVITY BEFORE DIVIDEND INCOME INCLUDED ON SCH. K-1. BOX 11. CODE F: US OBLIG. INTEREST 893 OTHER INTEREST INCOME • FOREIGN 185 OTHER INTEREST INCOME -US 81 OTHER ORDINARY INCOMEALOSS) (1,736) TOTAL ORDINARY INCOME (LOSS) (577) SUPPLEMENTAL FOOTNOTE • DIVIDEND INCOME INCLUDED ON SCH. K-1, BO% 11, CODE F: DIVIDEND INCOME - QUALIFIED - FOREIGN 77 DIVIDEND INCOME - QUALIFIED • US 250 (1040 FILERS ENTER TOTAL QUALIFIED DIVIDENDS ON FORM 1040. LINE 98) DIVIDEND INCOME - NONQUALIFIED - FOREIGN 90 DIVIDEND INCOME - NONQUALIFIED • US 264 TOTAL ORDINARY TRADE OR BUSINESS DIVIDENDS 681 BOX 13, CODE H - INVESTMENT INTEREST EXPENSE INVESTMENT INTEREST EXPENSE RELATED TO TRADING ACTIVITIES 1.985 TOTAL INVESTMENT INTEREST EXPENSE 1.985 BOX 13, CODE K - DEDUCTIONS - PORTFOLIO (2% FLOOR) MANAGEMENT FEE EXPENSE 208 OTHER PORTFOLIO DEDUCTIONS 44 TOTAL DEDUCTIONS - PORTFOLIO (2% FLOOR) 252 CONFIDENTIAL UBSTERRAMAR00002973 EFTA00238364  ALPHAKEYS MILLENNIUM FUND. L.L.C. PARTNER 10 215224 27-5238213 SCHEDULE K-1 SUPPORTING SCHEDULES GHISLAINE MAXWELL PARTNER FOOTNOTES PLEASE NOTE THAT NONE OF THE DISTRIBUTIVE SHARE ITEMS REPORTED ON SCHEDULE K-1 ARE CONSIDERED AS DERIVED FROM A PASSIVE ACTIVITY UNDER TREASURY REGULATION SECTION 1.469-1T(E)(6). THE K-1 HAS BEEN PREPARED ON THE BASIS OF A PARTNER WHO DOES NOT MATERIALLY PARTICIPATE IN THE OPERATIONS OF THE PARTNERSHIP. INTEREST EXPENSE HAS BEEN INCLUDED IN BOX 13, CODE H AS INVESTMENT INTEREST EXPENSE AND IS NOT INCLUDED IN BOX 11, CODE F. 1040 FILERS SHOULD ENTER THIS AMOUNT ON FORM 4952. LINE 1. ANY DEDUCTIBLE INTEREST EXPENSE SHOULD THEN BE ENTERED ON SCHEDULE E. PART II. COLUMN (H). INVESTMENT INCOME/EXPENSE ITEMS IN BOX 11. CODE C AND BOX 11, CODE F HAVE NOT BEEN INCLUDED IN BOX 20, CODE A AND BOX 20, CODE B. THESE AMOUNTS SHOULD BE CONSIDERED WHEN PREPARING FORM 4952. PLEASE CONSULT YOUR TAX ADVISOR. PLEASE NOTE THAT WHEN CALCULATING THE COST BASIS FOR YOUR INVESTMENT, YOUR CAPITAL CONTRIBUTION(S) DOES NOT INCLUDE ANY PLACEMENT FEES (COMMISSIONS) WHICH YOU MAY HAVE PAID. DOMESTIC PRODUCTION ACTIVITIES INFORMATION, BOX 13, CODE T: IN ADDITION TO THE INFORMATION PROVIDED ON SCHEDULE K-1, THE PARTNERSHIP PROVIDES THE FOLLOWING INFORMATION RELATING TO BOX 13. CODE T: ALL OF THE PARTNERSHIP'S ITEMS RELATE TO NON-DOMESTIC PRODUCTION ACTIVITIES. IF YOU OTHERWISE HAVE SECTION 199 ACTIVITIES, PLEASE NOTE THAT GROSS INCOME BEING REPORTED IN BOX 16, CODE B IS NET OF LOSSES FROM CAPITAL ASSETS. THIS AMOUNT ALSO REPRESENTS GROSS RECEIPTS. ADDITIONAL INFORMATION. IF NEEDED, IS AVAILABLE UPON REQUEST. FOREIGN GROSS INCOME SOURCED ATPARTNERSHIP LEVEL, BOX 16, CODE D: FOREIGN QUALIFIED DIVIDENDS ARE INCLUDED IN BOX 16. CODE 0 (AS WELL AS IN BOXES 6A AND 6B AND IN BOX 11, CODE F, IF APPLICABLE). PLEASE CONSULT YOUR TAX ADVISOR REGARDING WHETHER ADJUSTMENTS SHOULD BE MADE TO THIS AMOUNT OR ANY OTHER AMOUNTS APPEARING IN BOX 16 FOR PURPOSES OF CALCULATING YOUR FOREIGN TM CREDITS ON FORM 1116. DEDUCTIONS ATTRIBUTABLE TO FOREIGN SOURCE INCOME, BOX 16, CODE I: YOUR SHARE OF DEDUCTIONS AND LOSSES APPLICABLE TO FOREIGN SOURCE GROSS INCOME HAS BEEN CALCULATED USING THE GROSS INCOME METHOD AND IS REFLECTED IN BOX 16, CODE I. THE GROSS INCOME METHOD HAS BEEN APPLIED TO INCLUDE BOTH GAINS AND LOSSES, AND. IN CERTAIN CIRCUMSTANCES. THE ABSOLUTE VALUE OF NET GAINS AND LOSSES HAVE BEEN USED. THIS AMOUNT SHOULD BE CONSIDERED FOR FOREIGN TAX CREDIT PURPOSES. THE PROPER TREATMENT OF THIS AMOUNT ON YOUR TAX RETURN DEPENDS UPON SEVERAL FACTORS INCLUDING WHETHER YOU ARE A CORPORATE OR NON-CORPORATE PARTNER. A GENERAL OR LIMITED PARTNER, AND YOUR PERCENTAGE INTEREST IN THE PARTNERSHIP. THE FOREIGN TAX CREDIT RULES ARE COMPLEX. PLEASE CONSULT YOUR TAX ADVISOR. BOX 19, CODE k INFORMATION REGARDING DISTRIBUTIONS OF CASH AND MARKETABLE SECURITIES: IF YOU FULLY REDEEMED FROM THE FUND DURING 2015, YOUR ENDING CAPITAL BALANCE IN ITEM L SHOWS A ZERO BALANCE. HOWEVER, THE FINAL DISTRIBUTION OF CASH RELATING TO YOUR TENDER/REDEMPTION OCCURRED IN 2016. PLEASE CONSULT YOUR TAX ADVISOR TO DETERMINE THE PROPER RECORDING OF THE TENDER/REDEMPTION ON YOUR TAX RETURN AND ANY RESULTING FINAL GAIN/LOSS ON REDEMPTION. IF YOU PARTIALLY REDEEMED FROM THE FUND PRIOR TO 12/31/15, 100% OF YOUR PROCEEDS WERE DISTRIBUTED TO YOU DURING 2015. IF YOU PARTIALLY REDEEMED FROM THE FUND AS OF 12/31/15, YOUR PROCEEDS WERE DISTRIBUTED IN 2016. PLEASE CONSULT YOUR TAX ADVISOR AS TO THE APPROPRIATE RECOGNITION OF ANY POTENTIAL GAIN RESULTING FROM YOUR DISTRIBUTION. CONFIDENTIAL UBSTERRAMAR00002974 EFTA00238365  ALPHAKEYS MILLENNIUM FUND. L.L.C. PARTNER 10 215224 27-5238213 SCHEDULE K-1 SUPPORTING SCHEDULES GHISLAINE MAXWELL BOX 20, CODE V: INFORMATION REGARDING UNRELATED BUSINESS TAXABLE INCOME: YOUR SHARE OF ALL SCHEDULE K.1 ITEMS OF INCOMEI(LOSS) AND DEDUCTIONS OTHER THAN CAPITAL GAINS/(LOSSES) AND SECTION 1256 GAINS/(LOSSES) THAT IS CONSIDERED UNRELATED BUSINESS TAXABLE INCOME IS: 2,122 YOUR SHARE OF CAPITAL GAINS/(LOSSES) ON YOUR SCHEDULE K-1 THAT IS CONSIDERED UNRELATED BUSINESS TAXABLE INCOME IS: 19 BOX 20. CODE Y: NET INVESTMENT INCOME: THE PARTNERSHIP IS A "FUND OF FUNDS". WHICH INVESTS, HOLDS AND SELLS INTERESTS IN VARIOUS TRADER FUND PARTNERSHIPS. ACCORDINGLY, ALL OF THE DISTRIBUTIVE SHARE ITEMS REPORTED ON SCHEDULE K-1 ARE CONSIDERED DERIVED FROM THE TRADE OR BUSINESS OF TRADING IN SECURITIES OR COMMODITIES AS DEFINED UNDER IRC SECTION 1411(C)(2)(8). PLEASE CONSULT YOUR TAX ADVISOR WHEN PREPARING FORM 8960. NO DETERMINATION HAS BEEN MADE WITH REGARD TO SPECIAL RULES FOR TRADERS UNDER TREAS. REG. SECTION 1.1411-9(B). THE TAXPAYER SHOULD APPLY ANY NECESSARY ORDERING RULES AS APPLICABLE. BOX 20, CODE Z: OTHER INFORMATION: FOR CORPORATE MEMBERS. THE FOLLOWING DIVIDENDS REPORTED ON SCHEDULE K-1 QUALIFY FOR THE DIVIDENDS RECEIVED DEDUCTION UNDER IRC SECTION 243: 190 YOUR ALLOCABLE SHARE OF EFFECTIVELY CONNECTED INCOME/(LOSS) IS AS FOLLOWS: ORDINARY GAINS/(LOSSES) FROM TRADING SECURITIES AND COMMODITIES INCLUDED ON SCHEDULE K-1. BOX 11, CODE F: (78) NEW YORK STATE MODIFICATION INFORMATION ADDITIONS TO INCOME: - INTEREST EXPENSE RELATED TO U.S. GOVERNMENT OBLIGATIONS 90 - NON-NEW YORK MUNI INTEREST INCOME - FEDERAL DEPRECIATION 16 NEW YORK STATE MODIFICATION INFORMATION SUBTRACTIONS TO INCOME: • INTEREST ON U.S. GOVERNMENT OBLIGATIONS 893 - NEW YORK STATE DEPRECIATION 15 NEW YORK STATE PARTNERSHIP INFORMATION FOR INDIVIDUAL PARTNERS • THE PARTNERSHIP HAS FILED A NYS PARTNERSHIP INFORMATION RETURN WHICH REPORTED NO INCOME FROM NEW YORK SOURCES. THE PARTNERSHIP ACTIVITIES ARE LIMITED TO THE HOLDING. BUYING AND SELLING OF SECURITIES FOR ITS OWN ACCOUNT. THE PARTNERSHIP IS A PORTFOLIO INVESTMENT PARTNERSHIP AS DEFINED IN NEW YORK BUSINESS CORPORATION FRANCHISE TAX SECTION 1.3.2(a)(6)(iii)(d). IN GENERAL. A CORPORATE LIMITED PARTNER SHOULD NOT BE SUBJECT TO TAX IN NEW YORK BASED SOLELY ON AN INVESTMENT IN A PORTFOLIO INVESTMENT PARTNERSHIP. FOR A CORPORATE PARTNER THAT IS REQUIRED TO FILE A NEW YORK RETURN. PLEASE NOTE THAT THE PARTNERSHIP WILL REPORT BUSINESS AND INVESTMENT INCOME. PLEASE CONTACT THE PARTNERSHIP IF ADDITIONAL INFORMATION IS REQUIRED. CONFIDENTIAL UBSTERFtAMAR00002975 EFTA00238366