EFTA01190348.pdf

Valuation Report 5/31/2014 EFTA01190348 JEFFREY E. EPSTEIN AND RELATED ENTITIES SUMMARY OF ASSETS - MAY 31, 2014 4/30/14 5/31/14 $ Asset Value Value Change Cash 147,591,547 139,564,898 (8,026,649) Fixed Income 69,250,683 64,922,517 (4,328,166) Equities 18,636,934 17,631,709 (1,005,225) Equity Options 1,515,000 1,950,000 435,000 Equity ETF's 2,765,400 2,869,200 103,800 FX - Options & Derivatives 329,942 365,559 35,617 Currency 404,616 398,196 (6,421) Hedge Funds 103,477,636 118,174,438 14,696,803 Investments 18,119,198 18,219,898 100,700 Aviation, Automobiles & Boats 15,400,000 15,400,000 - Loans Receivable 1,447,446 1,447,446 - Fine Arts, Antiques & Jewelry 7 500 000 7.500,000 0 Total Assets 386,438,401 388,443,861 2,005,460 EFTA01190349  Deutsche First BNP Paribas Wells Asset Description Bank Bank .. U918 8L MJ Escrow Fargo Totals Cash Southern Trust Company 50,964,857 278,167, 51,243,024 Southern Financial LLC 37.964,400 37,964,400 Jeepers Inc. 30,122,427 30,122,427 Haze Trust 9,846,765 9,846.765 JEE 2,753,788 383,105 1.996.098 5,132,992 Enhanced Education 2,745,827 80,737 2,806,564 FT Real Estate 1,091,326 1.091,326 JEGE LLC 248,446 248,446 JEGE Inc. 215,950 215,950 orro Development Corp 93,642 111,626 205,268 JEE - Paris (US $) 167,212 167,212 NES LLC 1 119,280 119.280 Neptune LLC 111.734 111,734 NauWus Inc. 98,123 98,123 Hyperion Air LLC 91,411 91.411 LSJE LLC 69,714 69,714 Plan D LLC 10,700 10,700 Butterfly Trust 8,048 8.048 Laurel Inc. 6,454 6,454 Maple Inc. 3,169 3,169 Cypress Inc. 1,686 1,686 The JEE Life Ins Trust #3 206 206 Total Cash 135,297,480 1,992,482 1,996,098 167,212 111,626 139,564,898 EFTA01190350  Purchase Quantity 3131114 5131/14 Unrealized Asset Description Date Cost Value Value Gain (Loss) Haze Trust •-•-.7io dncome Bank of America 8.125% Prd 12/29/2049 05/10/11 3 000 OCO 3389 621 3 518.219 3,415833 26,212 JP Morgan Chase rws Pfd 4/S0/2a9 05/101.ff — S.OWNO ----31: 17.:Ti 01 3W3450 3,402,250 84.2M Peabody Ennergy Corp Sr Notes 7.375% 111112016 0910111 1.200 000 1 _277,392 1 391,004, 1,336,375 58,183 /payment Inc 10.25%5/15/2011 10/02/12 60fl7.290 373,490; 374.1'/5' -82,5ti KIndand 'MallenInc 6.23% 6/1/19 (radiated at 1,064530.54) 10102/12 1,000,000 996,958 1.104,146 - 0 JPM Tr Fit Rate Income Fund 01/22/13 209,712.974 2,115.904 2,107,634 2,118.101 2.197 GS Moapige Loan 2005-5FCCL 61 5.7598% 5/10/13 1.500.000.00 1,178,719 1,116,915 1,114 494 44.225 titibanWPreferred Ser K 6.875% 2/3/14 79,000.00 1.999.419 2.114830 11 TotalHaze Trust - FixedIncome 14,763,261 15,120,977 13,876,664 i20,358 Southern Trust Ca - Fired 'mom* Ally Financial 8.5% PM Ser A 6/11/13 57,000 1,429,418 1,541,280 1,676,620 147,203 Naliomvide Society 6.875% GBP callable 6/20/2019 4/15/14 2,000,000 3.439,193 3,477,708 3,490.712 51,518 Petioles De Venezuela 5% 10/28/15 9/17/13 2,000,000 1 1 189 9..79j Total Southern Trust Co. - Fixed income 6,716,204 6,817,043 6,923,721 208,516 Jaspers - Fixed Income JPM Dual FLT RT Income fund 02113/13 157 097.399 1 582 073 1,578,843 1 586.684 4,611 Total Jess - FixedIncome 1,582,073 1,675,843 1,656,684 4,611 Southern Financial LLC - Fixed Income Bank of America 8.125% PM Dec 29 2049 1110/11 2000.000 2,055,000 2.345.479 2,485,000 430,000 Barclays Bank PLC 7.75% 4/10/2023 4/3/13 300,000 300,000 334,292 339.294 39.294 Earthink Inc 8.875% May 15 2019 10/22/12 400 000 411,226 418,271 396,578 -12,648 tarttink Inc 8.875% Mmi 15 2019 10/23/12 600000 615,646 624,406 597,867 -17,779 General Electric Cep Gino 7.125% Dec 15 2049 6/27/12 2, .000 2.110,805 2.353.438 2425,706 3153115 Headwaters Inc 7.625% 411/2019 10/22/12 1,000_,_000 1,023,569 1,081,142 1,087,706 64,139 HSBC SXSE 8/29/2014 80% Barrier 4% Cpn 17% Cap Initial 271 5/24/13 2,009000 s_ 2.000,000 2212400 4250,200 250,200 JPM Cont Buff SX7P 10/16/2014 85% Cont Barrier 25% Cap Ini 9/24/13 1.000_,000 1 000 000 1 053 8011 1,072,200 72,200 JP Morgan Chase & Co PM 7.9% April 30 2049 03/15/11 2:50-0,60l ai 2.825.06D" 2835208 141;708 JP Morgan Chase & Co Pfd 7.9% April 30 2049 6/15/11 2.500,000 2,675,000 2,825,000 2 835 208 160,208 LBG Capital 12/29/49 5/21/13 3,000,000 3,247,500 3.3313354 3,426.286 178.768 _Lyids LI Bank 9.875% 12/16/2021 5/10/12 1,500,000 1,622,097 1,832.635 1,854.429 232332 Petroles De Venezuela 5% 10/28/2015 9/16/13 1,500,000 2,308,242 2,247,569 2,320,486 12,244 Seivicamaster Company 8% Feb 15 2020 1/24/13 1,500,000 1,573,266 1,643,126 1,649,708 78.442 Servicemaster Company 6% Feb 15 2020 2125/13 1,000,000 1054.297 1095,417 1 099806 45,508 SG Market Plus WTI Crude 8/5/2014 78.75% Barr 10% Initial 1 7/25/13 2,000,000 2,000,000 2.148,400 2,171.000 171,000 Southern Cal Edison 6.25% Dec 31 2049 1/30712 3,000,000 2.993.906 3256,354 3,295.000 301,094 My Financial PM Ser A Catlable 2/'3112 48,600 903,218 1-.160.064 1,288,956 385,739 M Financial PM Ser A Callable 2/9712 80,000 1.610.000 2,163,200 2,212,800 -602,800 GMAC Cap TR I GTO PM Sec Ser 2 8 2/22/12 80 000 1,682,774 2.199206 2,170,400 287626 Royal Bank Scotland Group PLC 7.25% Ser T 10/24/12 40,000 951,600 1015 600 1,020.000 61400 Royal Bank Scotland Group PLC 7.25% Ser T 1/7/13 43, 995, 5 itferT.WocC24,a Royal Bank Scotland Group PLC 225% Ser T 1114/13 40,000 2.17-kiNi =TM LOA2.914 6.40p Total Southern FinancialLLC - FixedMoon* 38 998,245 40,300,746 40,875,824 3,077,580 Southern FinancialMX- FixedIncome (asset backed securities) face value Countrywide Home loans 2003-1cl 815.75%3/W03 4/16/13 1,088.416 1,016,324 970,367 945,070 -71,254 Global Mortgage Mau mos PM KU on 5/16 2432,387) 10/16/13 2,852,248 2,545,545 2.679,314 -2,545,545 rpm CMS Trust Scar 2005.2 (sold at 72 on 4/301,044,0591 7/10/13 1,450,082 995,407 1.067,076 - - 73ii370 Washington Mutual MI 2004-FtA2 d CB1 var 7/25/2033 11/19/13 821,819 RUA§ rilas 714,552 85.712 Total Southern Financial LLC- FixedIncome (asset backed securities) 5 184 121 6,433,073 1,659,827 4,624,494 TOTAL FIXED INCOME 89,250,683 64,922,517 tAe: No carved interest has been IncludedIn month end fixed Income values EFTA01190351  Purchase Quantity 4/30/14 5131114 Unrealized Asset Description Date Coat Value Value Gain (Less) Southern Financial LLC • Equities Apple Inc 10/28/13 2000 1058120 1,180,180 1,266000 201,_880 Apollo GI —OW Management 3/31/11 263,157 4999.683 7,139,449 6,534,18T -_--- ,6Klg Mad Pharmaceuticals Inc 2/14/12 7 535 114.597 64,779 48,676 45 921 m —allpharrnactrScals Inc 1724/13 91,E00 176,400 65.430 58,140 -118,260 Ascena Retail Group Inc. (Format Dress Bern 1.3.11) 1/16/01 70,500 1,500,000 1,212.600 1,176,996 -323 003 (2.iocien Wee Inc WWII 1,096 250.455 601,6Th 669.080 418.625 Facebook Inc 5117/12 17 500 665,000 1,046,160 1,107,750 442,750 Foundation Mediate Inc 1/17011- 4 25,000 117,684 729.66r 593.250 -94,414 General Motors Co 12/9/10 97 525- 3.585,947 3,382,667 3,372,415 -213,533 General Electric Co 4/23715 23,000 496.109 618,470 616,170 120,061 Okad Sciences Inc 2/5/14 5,000 396,407 392,450 406,050 9,043 Glead Sciences Inc 3/7/14 3,100 246.797 243.319 251,751 4.954 JPMew Chose a Co. (sold 7250 on 921 at 54.01 for 3.150.389 Ion) 7/14/05 14503 7,084,490 121. 7_,733 805,932 -6278,551 Sangamo Biosciences Inc 5/28/13 50,000 422214 692,000 657.000 234,788 Santander Consume —TOSA 1/28/14 1 000 N 000 22.740 ,j%650 -4.350 Twitter Inc — 17IW113 1500 39.00.0 pn.4so _gum 9J162, Total Southern Financial LW - Equities 21,747,183 18,636,934 17,631,709 -4,115,474 Southern Financial LLC - Hy dons Call 100Nnedc.an Airlinces 20 1/17/2015 12/12/13 1,000 803,315 1 550 000 1970,000 1 166 686 Put 100American Airlines Q220 Exp 1 1 5 12/12/13r 0.000) d8.726.2 rn2 Total Southern RnancialLLC- Equity Options 605,613 1,515,000 1,950,000 1,344,388 Southern Financial LLC - IMsdombes Japan Hedged Sou ly 12/16/13 60,000 2,966,099 2,765,400 2,869,200 -200,699 Total Southern FinancialLW - Equities 2,966099__Z765,400 2,869,200 -200,699 unrealized Southern Financial LLC • FX Options & ofirivativos win / loss Long Call 7000 USO/MT Copper - Eurpean Go 12/512014 4/3/14 50 lots 351,250 293,490 319675 38,416 Long Call USD vs JPY - Strike 101.00 Exp 11/20/2014 11/20/13 1,000,000 44.800 32,003 22,557 -22,243 Shod USD vs JPY - Barrier 99 Exp 1120/2014 11/20/13 (21,0001 -16,500 -11.118 -11 395 5,105 Shod USD vs JPY - Barrier 98 Exp 11120i2014 11/20/13 (21,0ca) -15,000 -8.969" -8,112 6,288 Short USD vs JPY - Barrier 97 Exp 1120/264 11/20/13 (21,000) 41321 -7.184 41.614 0 4,752 -4,116 -4,116 total unrealized gain (loss) y 34,309 realized ------ lose-- Long Call USD vs JPY - Strike 102.50 Exp 5/1/2014 1/31/14 10,000,000 190,000 31,700 -190,000 total realized gain (loss) -190 000 Total Southern Rnancial LLC - FX Options 41Derivatives 521,250 329,942 366,669 Southern Financial LLC - Currency Euros. 1.3643 291,847 1.3644 404,616 398,196 Total Southern Financial LLC - Currency 404,616 398,196' EFTA01190352  4/30/14 5/31/14 MTD YTD Asset Description Value Value Return Return Hedge Funds - Southern Financial (SFLLC) Highbridge 20,324,060 20,472,425 0.73% 2.92% Tudor Futures 13,679,575 13,431,975 -1.81% -2.99% Bruce Galloway 0 4,109,174 2.73% 2.73% Boothbay Multi-Strategy Fund 0 10,065,000 0.65% 0.65% Bear Sterns Asset Backed Sec 124,916, 124.916 (book carryi value) Total Hedge Funds - SF LLC 34,128,551 48.203,490 Hedge Funds - Haze Highbridge 37,629,256 37,903,950 0.73% 2.92% King Street 27,122.672 27.469,842 1.28% 4.98% Hedge Funds -Haze 64,751,928 65,373,792 Hedge Funds - Jeepers DS Zwirn - Corbin - est of 5% holdback 20,000 20,000 DB Dubin less payments of 278k & 144K 4 577 156 4.577.156 as of 9/30/2014 Hedge Funds - Jeepers 4,597,156 4,597,156 Total Hedge Funds 103,477,636 118,174,438 SFL Mort Southern FT Asset Description Inc. JEE Trust Real Estate Jeepers Investments SFL Kyara (at cost) 100,000 Jawbone Investment (grat at cost) 10,000,000 AYH Marina (value per jee) 1,000,000 src Adfin Solutions (at cost) 750,000 124 Parc Moceau - Palm Beach (at cost) 4,869,398 21 East 26th Street (repaid 720,500 of 920,500 cost with 1,650,000 projected profit) 920,500 Columbia Holdings (repaid 580,000 of 580,000 cost with 580,000 projected profit) 580,000 Totals 10,000,000 1,000.000 850,000 1,500,500 4,869,398 Total Investments 18,219,898 Hyperion JEGE JEGE Asset Description Air LLC LLC Inc Various Totals Aviation, Automobiles B Boats 2001 BeN 430 N331JE 3,000,000 3,000,000 1988 Gulfstream G-IV N212JE 8,000,000 8,000,000 1968 Boeing 727 N908JE 3,000,000 3,000,000 Automobiles - see attached list 700,000 700,000 Boats - see attached list 700,000 700,000 Total Aviation, Automobile it 3,000,000 8,000,000 3,000,000 1,400,000 15,400,000 Boats EFTA01190353  Asset Description JEE Totals Loans Receivable Adam Bly 300,000 300,000 IIBRK (MC2 CD collateral) 700,000 700,000 Larry / Eileen Visoski 225,000 225,000 Johnn O'Sullivan 22.446 22,446 200.000 200,000 Total Loans Receivable 1,447,446 1,447,446 Enhanced Asset Description Education JEE JEE Various Totals Fine Arts, Antiques & Jewelry Cello 175,000 175,000 32.73 Carrot Emerald Cut Diamond - D 3,500,000 3,500,000 Watches, Earring & Other - see attached 775,000 775,000 Fine Art Schedule - see attached I 3,050.000 3,050.000 Total Fine Arts, Antiques & f 175,000 3,500,000 775,000 3,050,000 7,500,000 Jewelry EFTA01190354