EFTA02674602.pdf

Valuations 4/30/13 EFTA_R1_01956146 EFTA02674602  Investment Summery 4/30/13 Oa 8 Ecsivilads Southem Financial LLC- (see note below) 14,367.623 J.Epsten 1,804.285 HAZE Toad 28.355 FT Real Estate Soutlwrn Trust Company 8,109.468 Jeepers 11053438 J Epstein VI Foundatcn 4,588,480 Total Cash 8 Equvaients 40.828,807 Less Cash in Operating Amounts (1.196,197) Cash in Fourdabons pt 565 400) (5.761 857) Total Available Cash 8 Equrvaients 35.056950 ,P Morgan Tradeb Account (cash, securities, Derhitues} SFUC See Note A 70.797.344 .P Mcsn Traang Account (ash. secants DertAtties} 1447E 22,077,457 JP Morgan Trion° Account bosh secteltes. Derail' s} STC 6,136.918 Marketable Stowers -(frrrv) 12,204528 Investment American Yacht Harbor (per JEE) 1,000,000 Settlements Recervable -C6Z 59,646.770 Partnership Investments 100,037.164 (see attached schedule) Total • 311 CC7.3• V3 Aoche 311007,131 Ad/ailments' Coasting Cash 1.196.197 Loans Receivable 1,865,415 Total per attached val-aton schedule 34 4 350 743 Investment Partnershops are sulaect to rams restrictions on withdrawals, and therefore. 314.060 743 the tonna of avarialudy ci funds will be so limited. NOTE A: The JPM traanp account was funded wt $75 Mew During July 2011 we wthdrew $ $2,478,520. On 2/120728N socourt was refund by 1501.930 for the purchased 16,535 Med Phermeoetilloels 8 Z095 Blown IDEC. on 5/22/12 the account was reduced by $1.330.030 for the purchase of 35,000 shares ci Fstook. InMaud 2012 the account recehed $349,402 from the sales proceeds el 17,503 eh el Feastock On 9/12/12 the San was Stated by $10mm for the transfer b Mod Inc Cu 119/12 there was a banger to JEE of 51,000000 EFTA_R1_01956147 EFTA02674603  J. EPSTEIN S RELATED EHTTDES VALUAT1ONS CAS H.LIABILME S,INVESTMEN TS 4/30/13 80~111PCSI L.LQ 03/31/13 0010/13 01/01/13 YTD ME ACCOUNTS VALUATON PERFORMANCE J P MORGAN- Cash 14,339048 14.380.876 JP Morgan Trading Account 69,829.787 70797.344 J P Morgan- Stio4dties 9.264.361 10274.199 Offir Bank Accoures 28,945 26,945 NVEST1AENTS TUCCR FUTURES 13.603.889 13,100,259 12578.999 4 14% -4 33% HIGHBRCK3E CAPrTAL 18.952.160 '8,919,941 18,624,993 1 58% -0 77% BEAR STEN:NSMeet Backed Stoute; (7/31/C0 vak 331.882 331,882 Soultotm Trust GenaMny J P MORGAN. Cash 8591.532 84:92502 JP Magen Tniding AcoDunI 8,129.418 6.136918 Other Dank Accounts 180,554 96164 Aden SolutIons (al men 500060 Seelements C43 Z1MRN SPECIAL OPPURTUNITIES FUND 74000,000 78,004000 aeaN49144a iess parbal volvirevial payment receNed (0541.292) (16.353230) J P MORGAN- Cash 4.041.303 11,853.438 JP Morgan !memo AcoDunt 1,511,347 1,520,329 /*firn/ Egateln MEST MENT American Yechl Harare 1,0170.000 1.030.060 FT Real atlete - Investment In ptshp at oost 1.508.833 1,506,833 CHECKING/SAVINGS ACCOUNTS 1290,729 1,072.488 LOANS CUE FROM INDIVICUALS 1,745.415 1,765,415 ORE CLUB NOTE 100,000 100,600 EIROKERAGE ACCOUNTS JPM (Beat Summa) 666,892 666.913 J P MORGAN 56,805 56,620 Mod lno AlOhrom (at tost basis) 10.660.600 10,030,00) (1)60233 stores cl oommon, ard 695,331 CIE% of Se/ 5 Pre) Butterfly Trust 8.044 6044 HARE 'Rust HIGHBRIDGE CAPITAL 35,095.308 35.035.646 34,404.356 1.83% -0.17% KING STREET (estmate) 24215,266 24,590.603 23,276.473 S.65% 1.55% JP Morgan Cash 28.354 28,355 JP Morgarimanageo account 22,282,685 22.077,457 TOTAL 314,146.255 314,068,743 THESE A1AOUNTS CO NOT 1NCLUDE HOUSES AIRPLANE.FD(TURES S OT HER ASSETS EFTA_R1_01956148 EFTA02674604  Recondgallon of large Sams Value 3/31/13 314,146,255 Partnerships (310,174) see below JPM Trading account- SFLLC (FTC) 1,167,557 JPM Trading account- HAZE (205228) JPM Trading account- STC 11,500 Securities 1,512640 DNIdendsAnterest 9,796 Apollo Distribution Change in loan account 20,000 cash spent : JEE (2,212,237) STC (83,790) cash received BSABS 12,224 miscellaneous total 314,068,743 Value 4/30/13 314,068,743 Partnerships SFLLC TUDOR FUTURES (593,630) SFLLC HIGHBRIDGE CAPITAL (32,219) Haze HIGHBRIDGE CAPITAL (59,662) Haze KING STREET 375,337 (310,174) EFTA_R1_01956149 EFTA02674605  JEE and Related Entries Cash Summary 4030/13 SRLC JPM 14360678 Ban,. accoonts 76,945 4,387,623 JEE Bank accounts 1,072,488 1.196,197 JPM (Bear Stearns) 666.913 JPM 56,820 &Amity Trust (Bear Stearns) 8,044 1,804,265 JEEPERS JP Morgan 11.853438 11 853 438 I4AZE Tnrt JPM 28.355 28.355 Southern trust Company JPM 8.032.702 Bank accounts 96.764 8 189 466 Enhanced Educatom 4.565 460 4 565 4W Total Casa 40,828.607 40 82a sot this does not include cash in „FP Morgan Fading account EFTA_R1_01956150 EFTA02674606  LE and Woad Enatcps Avabble Ego% for kroostrrents 403/1$ 54marftlas Lona. Fair Make' Wiwi Putclosa 4/33(13 3/3913 pao(844) 70,500 Aiwa ROW OF= 1,334.250 1907/75 (3.525) 213,003 FIcerbefar SFLLC 79,5..” 70.335 20 11,753 JP Morpm OF= 1.008115 1,032.307 33.718 209157 4'90106%W Manaserent IFU.0 7,031,155 5.094.717 1958409 17,503 Faaitook (uschmed 577X12) RUC 485075 447,050 38925 10935 Mad Ftarnamstcais MIX 245.480 203.953 (3473) 2,095 B10;0010EC IRLO 458958 403934 55,124 149.403 ,IPM Flt Rate 424% Sion SOO 1920,320 1.511947 3,032 12.294520 10 T75700 1.512 (140 sratasion 80.1884 FTC) PM Tredhp (al dashed) uretalkad 7.720.728 Net PM 2010 (1.519.393) Nakco82010 (8860,230) Not P4.12011 (741902) fcsand.2011 1941547 NM P612012 11834932 realm:42012 8103574 NM PM 20n 1,304943 ...sized-2013 (000 240) Tot. P&L WC* IINKAIOn 10 758 ND 10755393 Invest sonic am 4a0113 at Fair Market Wu', SFLLC TUOOR FUTURES 13 103250 SFLLC ICHERICOE CAPITAL 18919.041 SFU.0 ASS Trust NO valuation 7/31109 FTC moves mat thardpoo-o4 331882 HAZE HIGH8R1OGE CAPSTAL 55.035,648 HAZE KING STREET 24,540,603 FT Rall EOM* 21 East 25a 9zoat (af cost) 020,500 FT Real Blab CcatarOs HolOigs(at am) 508,333 STC Min SolAcos NI 4°60(1.142.857 an of Sat A Lid 0.4975 pa sll) 503,000 Mal Inc Alphcorn (cost cob% (1,203,333 sh common. 80,301 eh Ssr 5 rd) " 10000000 mita p_ EFTA_R1_01956151 EFTA02674607  Southern Financial U.6 Analysts of Investment investment FMV unrealized 4/30/13 Gain(loss) MI Hertz 12/1505 5,100,000 datrbuilons 8/11/06 (2.160,021) distributions 12/11/06 (560.006) distnIxilions 7/26/07 (2,440.906) clistraxtions 4/2CV11 (1.297352) dstnbstions 12/12/12 (1 308 976) (2,667 261) 3 673 688 6 340,949 rral &Mutation BS ABS 11/29/06 10,003,000 distributions (3.907 753) 6,092 247 331,882 (5.760`5L Hghbrldge Capital Corp 1/11/01 25.060.600 clathloubons 2/2806 (25 000 000) • 18,919,941 18,919941 This represents the total of Hicatintlga Captal Corp and Fe MulthStratiow (4~ Ltd Tudor 1/3001 5,030,000 1/14/13 datrbution (4193 300) 806 700 13 100,259 12,293 559 ,IEEPER6 Zwlm 4/29102 basted 10,600,030 8/30/02 heisted 10,003,0:0 12/2/02 ~steel 30.000.0:0 6/203 fleeted 10,000,030 1/105 kwested 20,000,000 natn2 akitraxtbei (6,541,232) 4/12/13 CletrWbn (9 811 938) 63 646.770 Balance receivable from Fortress $83,848,770 D8Z• gattlerneM Trss is based on the !ocarina assumc(wm the fund wc recognize a withdrawal 'moult payed° to Jeepens totaling 570 na«, 70 000,000 Jeepers well recent an interest c4G Dutins Mho interest yoked at approx $3.8 malen with a 5,030,000 cockatoo payment from G. Dubin ENS to the excess of $5 million over Ete atzlegate value of all ckstributions made with respect to Mrs irsreatment JEE w18 pay 51 million for boms interest in Corbin. LE will rerceme all cistributons upto 52 mural 1,0:0,000 ard the remaining distneutions will be dtoefed 50/50 between LE and Zwim 76 MO 000 EFTA_R1_01956152 EFTA02674608  Haze Trust Analysis of Investment Investment FMV unrealized 4/30/13 Gain(loss) Highbridge Capital 4/20,99 10041,666 35,035646 24,993,960 This represents the total of Highbridge Capital Corp- and HB Multi-Strategy HoId:ngs Ltd. King Street 11/1/981 10,000,000 7/28/10 50% redemption (20.090,787) (10,090,787) 24,590,603 34,681,390 EFTA_R1_01956153 EFTA02674609  ENHANCED EDUCATION 440/13 PARTNERSHIPS & TOTAL CASH SECURITIES JP Morgan (Fonterty Boar Steams) 4322308 4322.308 BANK 43.152 43,152 TOTAL 4.565.400 4,565.460 EFTA_R1_01956154 EFTA02674610  kw Steams Asset Doled Securities Oselbereloas Received RC Tool Panne snip & Trot Partnership Trust 1/9/05 2.04729100 1,047,791.03 3/22/08 432,015.00 431.01530 4/14/08 117,70730 147,70730 5/144:8 247,70700 247,70700 6/16/191 135,377.00 135,37730 7/16434 114711.00 110211.02 8/21/08 110,615M 110,615.03 9/25/08 11157810 110,578.03 10/29/06 92.12743 92,127.00 11/25/08 115,95330 85953.00 12/22/08 71670.10 73,670.03 1/23/09 73,670.00 73,67000 2/20/09 73414.00 7261400 3/12/09 67,434.00 67434.00 4/30/09 66.443M 66,44303 5/29/09 57,9116.03 57.99600 7/24/09 Note A 84,38103 84,387.0) 8 / 26/09 17,911.10 4291103 9/21/139 3171100 35.71100 12/2/19 8743500 87,89530 1/8/10 2507330 3,07330 2/8/10 31.07344 31,07394 3/8/10 33,60593 3330593 4/600 22.613.71 22313.71 5/10/10 26.315.18 26,315.16 6/6/10 8,243.91 25.24191 7/8/10 19961.45 1996145 (/10/10 22,012.08 22,012.08 9/8/10 2490.61 24,969.61 10/13/10 20,53/91 70,527.91 11/8/10 23,336.55 23,336.55 12/8/10 25,234.17 $23417 1/10/ 11 24,62391 24.62391 1/31/11 Note 3,79317 75,793.17 wani 26.956.92 26,96692 3/8/11 26,31330 26,333.00 4/3/11 21,112.25 71,112.23 5/9/11 21,557.96 nano 6/9/11 18.6741.74 1467/174 7/8/11 16,690.35 1699035 MIAS 25596.19 25.596.19 9/8/11 16410.22 16,810.22 10/17/11 15419.76 15.81176 11/8/21 17,37732 17377.37 12/6/11 1743249 1741249 2/9/22 18001173 18.001473 2/8/12 11411.56 1161156 3/9/12 19,767.40 19,767.40 4/9/12 17.62123 17,627-23 5/1/12 16,81079 160=79 6/8/17 17,401.50 17.401.50 7/9/12 16,165.50 16,16530 8/9/12 16,60296 16,60296 9/11/12 14,872.40 1447240 10/9/12 1544591 15.645.41 11/8/13 15,031.04 15.03604 12/10/12 11,21921 14,20121 1/9/13 14,59400 14,59400 2/8/13 13,897.23 13,897.23 3AV13 13,251.21 13251.21 4/15/13 12,22345 12,223.65 Total 3,907,753.04 3,113,595.17 794.151.67 FTC Waled 510000,003 In seer Sown. Asset NOS Secure:let on 11/29/06 DIMINO:ins ere based on minerIng insets NOTE A: (represents 2 months per Dorothy Orkesky) NOTE II: (melt ollusenent In parelershlft EFTA_R1_01956155 EFTA02674611  - • i Account Position and MTM Summary (Open Positions) I CI Chaim taweatmiet O000rmasusn! Prepared for Southern Financial llC as of April 30. 2011 Current IN • CwieinedIty esta IISDMNFE 12.1375 NAUIND 1476.89 OPUSES 13533 USDA"( 97.440 MARS 5.1175 ~KIM 1101.28 EURUSD 1_3167 USOBRI. 2.0213 USDOIF 0.9295 USDCAP 1.0072 "sent 1.792 USONOK 5.7694 • Intrad Prin vla BYwmbn Trade Dat. Symbol Shares Company Industry Dunde nd Cod Basis IS) Msdnit Value 15/ Entry Pos. (inmost Pro o Currency Yield (Local) (Small Mt TA 11-Oct.11 TEE Om TelefOriK4 54-SDOn Ad r uSD Communications 0.00% $30.080 (5ngss) 20 05 11.57 1225 15./un-12 TEE (39) Telefroka Sa-Spon Adr USD Communkations 0.00% $488 M) 12.52 14.57 (3130) 24-lan. 13 ARIA 9.000 /Wad Pharmaceutkals Inc 050 insumer.114on-cyclY 0.00% (3174400 $160.100 19.60 17.17 N15.570) 14-Feb.12 ARIA 7.535 Anad Pharmaceuticals Inc USD nwmem Non<yclk 0.00% (1114.60) $1341.050 15.21 Ina 120.051 24.0(t-12 Di 25,000 Dean Food. CO 050 insumer, Noncyclk 0.00% (1474450) $471500 1802 19.14 11,050 12.10-10 DAG 50.000 Pwrshs Ob Agri Double long USO Funds 0.00% (3352.55) $499.244 7.05 9.99 $146.900 I 7-May12 F 17.500 Fadebook Inca USD Communkationc 0.00% (3465.000) $445.9511 38.00 27.77 (9179.043) 144445-12 B110 2.095 Biogen Mac lost USD moonier, Non<yelk 0.00% (3250.455) 5455.655 119.55 218.93 3201203 23.4pr-13 GE 23.000 General Electric Co USD Industrial 3.41% (4495.190) $512.670 21.53 22.29 317,430 Structured New • Manual thus • via l%/or an Invenrv.ent lank at or Door 0 interest Trade Data Maturity "ace Amount Long Dessopeon Con lases (S/ Market value 151 Entry Pee* IS) Current Prlte (5) MOM Received b-Nov-12 22.14ov-13 1.000.0:0 Gs NOte 1' /22/1 Sloe, 0 Man VS UM 85% Barrier. 5% Abn Con-22 9%Martm 111OOt1.00,11 51.137;80 50 1100 00 • 1 72 1137;80 9ijam13 24-lan-14 1.000.000 Nsh Ren Inked To Cnh Vs Usd S001414arten 01109/13 IMtW Strates6.1995 (11,00aco) $1,010.100 50 $100.00 1101.01 $10.800 14.Feb-13 20-Aug-14 1.000030 1.45 Market Plus MRK 08/20114 BO% ENO Barner - 3.S% CPN, Uncapped Initial level - 2. ($1.003.o0) 31.124350 50 $100.00 3112.04 $120.350 5Apr.12 16-4M-15 1.500.000 Mentor OM 6.200% CP1404/16/2015 Dtd 04/16/2012 ($1.5oo.coo) $1.573.800 569288 1100.00 $104.92 5143.688 Structured Notes MIMI (54.500,000; $4.842.130 569,888 412.018 0-5. fis•4 Inmeme • Intriid Pekin- vla 8 bomber Trade Date Maturity Next Cull Date Total mt. 4404 Amount Issuer SIP Rating Coupon Poncipil Cost Madmt value Yield to Worst Entry Price Current Prue Nome Accrued 22 feb-12 15 an.201/ 1.000.000 Mg Energy IM BB- WA 7625% 11.151.760 590.653 389% $100.15 511548 $247.913 22-0d-12 01.Apr.2019 1.000.000 Headwaten Inc 4/1/2015 7.62S% ($1.035.000) $1.067.500 339,119 4.71% $103.50 $106.75 592_119 22.Oct-12 15-11.14t2019 400.000 Earthlink Yinc I. 5/15/2015 8475% ($414.000) $425.300 $18.519 7.04% $103.50 $106.33 529239 23.0cí-12 15-May.2019 600.000 Earthlink Inc ti- 5/15/2015 4.975% (1619.500) $637.950 127660 7.04% $103.25 $106.33 $46.110 1-Oct-12 01.Arn-2019 1,000000 Kindred IlealdWeint Inc 6/1/7014 5.250% (1996.250) $1.037.500 547,896 6.96% 399.63 $103.75 Saud 6-Nov-12 01.mn-2019 1004000 Kindred Healthcare Inc 6/1/2014 8.250% ($970.000) 31.037.500 539.417 4.96% 397.00 $103.75 5106.517 24-Ian-13 15-Feb-2020 1.504000 Senternaster Company 2/15/2015 8.005% (51595,625) $1,616.250 532,000 6.10% $106.38 $107.75 Sum 23-Feb-13 15.Feb-2020 1.004000 Seerkemaster Company 2/15/2015 LOCO% ($1.070,00) $1.077.500 514,444 6.10% $107.00 1107.75 $21.944 3- p-13 ID-Apr.2023 300.000 Barclay, Bar( Plc 442 4/10/2018 7.750% ($300,000) 13:0.550 $1.744 7.05% $103.00 $10215 510.294 15durel1 Perpetual 2.500,000 Ipenorgan Chaos It Co BBB 4/30/2018 7.903% (12.702.425) 12.910.500 $370.313 4.22% $10610 1116.42 $571354 15-tun-11 Perpetual 2.500.000 penoegan Chase & Co BBB 4/3012018 7.900% (12.704425) 32.910.500 1370.313 4.22% $10610 5116.42 $57131111 10-lan.11 Perpetual 2.000000 Bank Of America Corp BB* 5/15/2018 4.125% G2.011,1807 32.210.000 $374,653 4.95% $10406 $114.00 $573.473 30-14n-12 Perpetual 3.000.000 Southern Cal Edison Bel- 2/1/2022 6.250% 552.999.97) $3.343.370 $234.375 4.47% 510000 $112.7* 5.17.775 27-/un.12 Perpetual 2.000.000 General flex Cap Co., 6/15/2022 7.125% (2.124920) 52213.040 $119.938 4.97% $106.15 $11514 /314011 99 l996 tO-W-V133 EFTA02674612  LSL9S6LO-Ld-Vid3 EFTA02674613  S. ~St WS. fl ew •••••., GI le•e•Ins.a. noraanites.dill.• Account Position and MTM Summary (Open Positions) Prepared for Southern Financial LLC as of April 30. 2013 Current FR IL Caterwdlty ntat US 74 12.13711 XAUUSO 147609 G8PUSO 13533 LISOMY 97.440 USG/AS 5.1875 USDKRW m(11.28 EURUSO 1.3167 USINIRL 2.0013 USDCHF 0.9295 ~CAD 1.0072 =TRY 1.792 USONOK 5.7694 usted einlbrelida Trade Data Maturity Sharer Company Doadend5 yield knuy Prue Current Price SIP RaLnp Par ~IL Coupon PrInap...1 Cost ( c,/ Market ear 5) towora MTIA ',mad (51 (I.oral) (local) 18-Nov-10 12/'0013 8.000 General Motors Co WA 150.00 4.7554 ($400.000) 5371.840 545494 19.21% 50.00 46.46 117.334 9-Doc-10 12/1/2013 63,000 General Motion Co WA $50.00 4.75% ($3,115.973) 12324240 $349341 19.21% 5037 46.48 391208 15-Fab-13 2/1/2016 4000 oafs Natural Resource, N/A 12500 7.00% ($150000 1122.820 $1.021 15.27% 25.1» 20.47 (126,159) 22-Feb-12 2/15/2040 80,000 Gmec Capital Trust I CCC• 125.00 1113% (11,882000) $2,191200 $164111 5.07% 23.54 2739 3474,511 15-Jan -13 1/13/2073 25.000 Menem Energy Capital 888 125.00 5.00% ($625.000) 1419.750 $5,122 304% 25.00 24.79 (5128) 3440.12 Perpetual 46.600 My Financial Inc CCC• $25.00 8.50% 01,002226) $1,247,482 $117.730 526% 21.51 26/7 $362.986 940.12 Perpetual 80.000 May Financial Inc CCC• 12500 8.50% (11.780000) $2/141.600 1199,278 5.86% 22.25 26.77 $560.878 17.tan-13 Pounced 27.000 Votrudo Amity Trutt 888. 125.00 5.40% ($675.000) $672.570 13.443 5.45% 25.00 24.91 $1,013 24-Oct-12 Perpetual 40.000 Royal 8k kolod Gm Plc 88 125.00 7.25% 0951.600) 31.004600 $24369 5.40% 23.79 25.17 179,769 7-Jan-13 Preemie 0.000 Royal Ilk ScotIncl Grp Plc 88 123.00 7.25% (1977.600) 11,006300 $9.868 S.40% 24.44 25.17 $39.068 14-lan-l3 Perpetual 40,000 loyal Ok Scotind Grp Pk 88 125.00 7.25% ($995.200) 11.004100 $8,45.8 5.40% 2448 25.17 120,058 2-Apel) Perpetual 35.000 Digital Realty Trust Inc cm. /25= 5.88% ($875.000) $874.300 $0 5.90% 2500 24.98 (1700) 16-Apr-13 Perpetual 12,000 Net Republic tankal WA 325.00 5.50% (1300,0001 1298.320 $0 25.00 24.136 au.%) Lilted Preferred, berhl 1513.800.399; 514,488,522 5930.6 51.410157 Mutual reach and Mono Market Trade Date Symbol lenity Company Dividends Frtry Nay Current NAY Currency Innml Cult CS) Market Vanes (S) ra TM Received If) (1.0(...1) IL oral/ Arp I 49.504 95 1ØrganlatinAme, uaSet USO 15.446 95L9S6L0- 1S- V133 EFTA02674614  EFTA02674615 2'S I or 4[9 0, on gg o 0 0 ASS I a 0 .7 ::> ° E -I E yid mc c rti C It e 0 SA. 0. 8 - gas DZ. Oo j 1 O EFTA_R1_01956159  1- (A i MLR ar mitten maw Ile W.. G Account Position and MINI Summary (Open Positions) (.1•.1oa I 11.,.st 'twist 01••••••••••141a rp e, ir, et fur Maze Trust as of April 30. 2013 Currant EX • Commodity rata. USDRUCH 12.1378 I(AUUSO 1476.89 GIPUSD 1.5533