EFTA01555382.pdf

For the Period 11/1/08 to 11/30/08 Consolidated Summary Account Number Investment Account(s) FINANCIAL TRUST COMPANY INC FINANCIAL TRUST COMPANY INC Total Value Q30171005 161121381 Beginning Net Market Value Ending Net Market Value Change In Value Start on Page 144,590,844.96 0.00 $144,590,844.96 144,661,823.94 0.00 $144,661,823.94 70,978.98 0.00 $70,978.98 2 13 000000.0000.00.0000.000.000000000.000000 83,021.00.0.20.00001.FINAN18.20081202 FINANCIAL TRUST COMPANY INC ATTN: JEFFREY E EPSTEIN C/O AMERICAN YACHT HARBOR 6100 RED HOOK, QUARTERS #B3 ST THOMAS 00802 VIRGIN ISLANDS, U.S. Page 1 of 17 EFTA01555382 THIS PAGE INTENTIONALLY LEFT BLANK EFTA01555383 JPMorgan Chase Bank, N.A. 345 Park Avenue, New York, NY 10154-1002 Asset Account J.P. Morgan Private Bank Team Mary Casey Janet Young William Doherty III Online access Banker Client Service Team Client Service Team www.MorganOnline.com (212) 464-0374 (800) 634-1318 Table of Contents Account Summary Holdings Cash and Short Term Portfolio Activity 4 7 Page 2 FINANCIAL TRUST COMPANY INC ACCT. 030171005 For the Period 11/1/08 to 11/30/08 Account 030171005 Page 1 of 11 Page 2 of 17 EFTA01555384 FINANCIAL TRUST COMPANY INC ACCT. 030171005 For the Period 11/1/08 to 11/30/08 Account Summary Asset Allocation Cash & Short Term Market Value Accruals Market Value with Accruals Beginning Ending Market Value 144,224,903.47 $144,224,903.47 365,941.49 $144,590,844.96 Market Value 144,381,642.95 $144,381,642.95 280,180.99 $144,661,823.94 Current Portfolio Activity Beginning Market Value Contributions Withdrawals & Fees Securities Transferred Out Net Contributions/Withdrawals Income & Distributions Change In Investment Value Ending Market Value Accruals Market Value with Accruals ($179,000.00) 335,739.50 (0.02) $144,381,642.95 280,180.99 $144,661,823.94 (179,000.00) Period Value 144,224,903.47 Change In Value 156,739.48 $156,739.48 (85,760.50) $70,978.98 Year-to-Date Value 7,618,368.61 146,213,445.30 EFTA01555385 (3,744,000.00) (6,665,007.44) $135,804,437.86 1,220,414.55 (261,578.07) $144,381,642.95 280,180.99 $144,661,823.94 Estimated 3,320,694.41 Current Annual Income Allocation 100% 100% Account 030171005 Page 2 of 11 Page 3 of 17 EFTA01555386 FINANCIAL TRUST COMPANY INC ACCT. 030171005 For the Period 11/1/08 to 11/30/08 Account Summary Tax Summary Domestic Dividends/Distributions Interest Income Taxable Income CONTINUED Current Period Value 334,771.90 967.60 $335,739.50 Year-to-Date Value 1,217,717.06 2,697.49 $1,220,414.55 Unrealized Gain/Loss To-Date Value ($0.06) Account 030171005 Page 3 of 11 Page 4 of 17 EFTA01555387 FINANCIAL TRUST COMPANY INC ACCT. 030171005 For the Period 11/1/08 to 11/30/08 Cash & Short Term Summary Beginning Asset Categories Cash Short Term Total Value Market Value 183,400.20 144,041,503.27 $144,224,903.47 Ending Market Value 5,367.78 144,376,275.17 $144,381,642.95 Change In Value (178,032.42) 334,771.90 $156,739.48 Current Allocation 1% 99% 100% Cash Asset Categories Short Term Current Market Value/Cost Market Value Tax Cost Unrealized Gain/Loss Estimated Annual Income Accrued Interest Yield Period Value 144,381,642.95 144,381,643.01 (0.06) 3,320,694.41 280,180.99 2.30% Account 030171005 Page 4 of 11 Page 5 of 17 EFTA01555388 FINANCIAL TRUST COMPANY INC ACCT. Q30171005 For the Period 11/1/08 to 11/30/08 Cash & Short Term Summary SUMMARY BY MATURITY Short Term Less than 3 months SUMMARY BY TYPE Short Term Mutual Funds Market Value 144,376,275.17 % of Bond Portfolio 100% CONTINUED 144,376,275.17 Market Value Account Q30171005 Page 5 of 11 Page 6 of 17 EFTA01555389 FINANCIAL TRUST COMPANY INC ACCT. 030171005 For the Period 11/1/08 to 11/30/08 Note: 1 This is the Annual Percentage Yield (APY) which is the rate earned if balances remain on deposit for a full year with compounding, there is no change in the interest rate and all interest is left in the account. Cash & Short Term Detail Quantity Cash POUND STERLING US DOLLAR Total Cash Short Term JPMORGAN PRIME MONEY MARKET FUND INSTITUTIONAL SHARE CLASS FUND 829 7-Day Annualized Yield: 2.35% 4812A2-60-3 144,376,275.17 1.00 144,376,275.17 144,376,275.17 3,320,654.32 280,102.31 2.30% 0.14 5,367.57 1.53 1.00 0.21 5,367.57 $5,367.78 0.27 5,367.57 $5,367.84 ($0.06) (0.06) 40.09 78.68 $40.09 $78.68 0.75% 1 0.75% Price Market Value Tax Cost Adjusted Original EFTA01555390 Estimated Unrealized Gain/Loss Annual Income Accrued Interest Yield Account 030171005 Page 6 of 11 Page 7 of 17 EFTA01555391 FINANCIAL TRUST COMPANY INC ACCT. 030171005 For the Period 11/1/08 to 11/30/08 Portfolio Activity Summary Beginning Cash Balance Transactions Income INFLOWS 335,739.50 Contributions Total Inflows OUTFLOWS Total Outflows Withdrawals TRADE ACTIVITY Settled Sales/Maturities/Redemptions Settled Securities Purchased Total Trade Activity Ending Cash Balance 960,000.00 (334,771.90) ($334,771.90) $5,367.57 * Year to date information is calculated on a calendar year basis. (144,644,492.28) ($143,684,492.28 ) -$335,739.50 (179,000.00) ($179,000.00) 1,220,414.55 146,213,445.30 $147,433,859.85 (3,744,000.00) ($3,744,000.00) Current Period Value 183,399.97 Year-To-Date Value* -Account 030171005 Page 7 of 11 Page 8 of 17 EFTA01555392 FINANCIAL TRUST COMPANY INC ACCT. Q30171005 For the Period 11/1/08 to 11/30/08 Portfolio Activity Detail INFLOWS & OUTFLOWS Settlement Date 11/3 Type Domestic Dividend/Distribution Description JPMORGAN PRIME MONEY MARKET FUND INSTITUTIONAL SHARE CLASS FUND 829 FOR OCT @ VARIOUS RATES FROM 0.0068546% TO 0.0093733% 11/3 Interest Income DEPOSIT SWEEP INTEREST FOR OCT. @ 1.55% RATE ON NET AVG COLLECTED BALANCE OF $739,148.83 AS OF 11/01/08 11/4 Misc. Disbursement TRANSFERRED BY WIRE TO FIRSTBANK PUERTO RICO FAO FINANCIAL TRUST COMPANY, INC. AS REQUESTED 11/21 Misc. Disbursement TRANSFERRED BY WIRE TO FIRSTBANK PUERTO RICO FAO FINANCIAL TRUST COMPANY, INC. AS REQUESTED 11/21 Misc. Disbursement TRANSFERRED BY WIRE TO FIRSTBANK PUERTO RICO FAO FINANCIAL TRUST COMPANY, INC. AS REQUESTED Total Inflows & Outflows $156,739.50 (65,000.00) (50,000.00) (64,000.00) 967.60 Quantity 144,041,503.270 Per Unit Amount 0.002 Amount EFTA01555393 334,771.90 Account Q30171005 Page 8 of 11 Page 9 of 17 EFTA01555394 FINANCIAL TRUST COMPANY INC ACCT. Q30171005 For the Period 11/1/08 to 11/30/08 TRADE ACTIVITY Settlement Trade Date Date 11/3 Type Settled Securities Purchased 11/3 Purchase Description JPMORGAN PRIME MONEY MARKET FUND INSTITUTIONAL SHARE CLASS FUND 829 REINVESTED @ 1.00 PER SHARE Quantity 334,771.900 Per Unit Amount 1.00 Market Cost (334,771.90) Account Q30171005 Page 9 of 11 Page 10 of 17 EFTA01555395 FINANCIAL TRUST COMPANY INC ACCT. 030171005 For the Period 11/1/08 to 11/30/08 In Case of Errors or Questions About Your Electronic Transfers. Contact yourMorgan Teamat one ofthe telephonenumbers on the front of this statement or write us at 500 Stanton ChristianaRoad, 1/OPS, Newark,DE19713-2107 as soon as you can, if you think yourstatement is wrong or if you needmore information about a transfer on the statement. We must hearfrom you no laterthan 60 days afterwe sent you the FIRSTstatement on which the erroror problem appeared. (1) Tellus yourname and account number. (2) Describethe erroror the transferyou are unsure about, and explainas clearly as you can why you believe it is in erroror why you need more information. (3) tell us the dollaramount of the suspected error. Ifyou contact us orally, you must send us your complaint or question in writing within 10 business days in order to preserveyour rights. We will investigateyourcomplaint and will correct any errorpromptly. Ifwe take more than 10 business days to do this (20 days for purchases using yourdebit card or for internationaltransactions),we will credit youraccount for the amount you think is in error, so that you will have the use ofmoneyduring the time it takes us to complete our investigation. In case of errors or questions about your statement, including your line of credit. If you think that your statement is incorrect or if you need more information about a transaction on your statement including a line of credit transaction, you must write to us on a separate sheet describing the errorand send it to: J.P. Morgan Private Bank, 500 Stanton ChristianaRoad, 1/OPS3, Newark,DE19713-2107. We must hearfrom you no laterthan 60 days afterthe statement on which the erroror problem appearedis sent. You can contact yourclient servicespecialistbut doing so will not preserveyour rights. Pleasereviewyouraccount statement and promptly report anyinaccuracyor discrepancyincluding possible unauthorizedtrading activity, unrecordeddividendpayments, and unaccountedcash positions in writing. Any oral communication should be re-confirmedin writing to furtherprotect yourrights, including yourrights underthe Securities InvestorProtection Act (SIPA). Ifyou haveanyquestions pleasecontact yourJPMSI Account Representativeor JPMSI ComplianceDepartmentat (212)483-2323. In your letter, please provide the following information: (1) your name and account number; (2) the dollaramount of the suspected error; and (3) a description of the errorand explanation, if you can, why you believethere is an error. Ifyou need more information, you must describe the item you are unsure about. Important Information about Pricing and Valuations Certain assets including but not limited to, pooled private investments, non - publicly traded and infrequently traded securities, derivatives, partnership interests and tangible assets are generally illiquid, the value of which may have been providedto us by third parties who maynot be independent of the issueror manager. Such information is reflectedas ofthe last date providedto us, and is not independently verified. Prices, some ofwhich are providedby pricing servicesor othersources which we EFTA01555396 deem reliable,are not guaranteedfor accuracyor as realizablevalues. Market value information (including without limitation, prices, exchange rates, accrued income and bond ratings) furnished herein has been obtained from sources that the Bank believesto be reliableand is furnished for the exclusiveuse of the client. The Bank makes no representation,warrantyor guarantee,expressor implied, that anyquoted valuerepresentsthe actual terms at which transactions or securities could be bought or sold or new transactions could be enteredinto, or the actual terms on which existing transactions or securities could be liquidated. The current price is the valueofthe financialasset share, unit or contract as priced at the close of the marketon the last dayofthe statement periodor the last availableprice. All valuesprovidedfor structured yielddeposits (forexample,JPMorgan London Time Deposits) reflectthe originaldeposit amount only. The current valuefor RealEstate, Minerallnterestsand MiscellaneousAssets maynot reflectthe most current valueof the asset. Valuations of over-the-counterderivativetransactions, including certain derivatives-relateddeposit products, have been preparedon a mid -market basis. These valuations are indicative values as of the close of business of the date of this statement and, except as otherwise agreedin writing, these valuationsdo not representthe actual terms at which transactions or securities could be bought or sold or new transactions could be enteredinto, or the actual terms on which existing transactions or securities could be liquidatedas of the date of this statement. We do not warrant their completeness or accuracy. These valuationsare derivedfrom proprietarymodels basedupon well- recognizedfinancialprinciples and we have, when necessaryto calculate the present valueof future cash flows, made reasonable estimates about relevantfuture market conditions. Valuations based on other models or different assumptions may yield different results. Morgan expresslydisclaims any responsibility for (1) the accuracyof the models or estimates used in deriving the valuations, (2) any errors or omissions in computing or disseminating the valuations, and (3)anyuses to which the valuationsare put. Valuationsare providedfor information purposes only and are intendedsolelyfor yourown use. Pleasereferto the trade confirmation for details ofeach transaction. At yourrequest, assets maybe reflectedhereineven though they are held by a third party unaffiliatedwith J.P. Morgan. In such case, unless J.P. Morgan otherwise agrees, J.P. Morgan has no responsibilityfor the verification,valuation, safekeepingor managementof those assets. Pleasereviewyourstatement promptly and report anydiscrepanciesimmediatelyto an account officerwhose name appearson the contact page of this statement. Account Q30171005 Page 10 of 11 Page 11 of 17 EFTA01555397 FINANCIAL TRUST COMPANY INC ACCT. 030171005 For the Period 11/1/08 to 11/30/08 The JPMorgan Funds or The JPMorgan Institutional Funds or The American Century Funds Shares of the funds are not bank deposits and are not guaranteedby any bank, governmententity, or the FDIC. Return and share price will fluctuate and redemption valuemay be more or less than original cost. While the money marketfunds seekto maintain a stable net asset valueof$1.00 pershare, there is no assurancethat they will continue to do so. The estimatedannualincome and dividendyieldfigures for mutual funds representthe funds' most recentincome dividendannualized. The distributor of the JPMorgan Funds is JPMorgan Distribution Services, Inc., which is an affiliate of JPMorgan Chase Bank, N.A. JPMorgan Chase Bank, N.A. and its affiliates receive compensation from JPMorgan Funds for providing services. American Century InvestmentServices, Inc. is the distributor of the AmericanCenturyFunds. AmericanCenturylnvestmentManagementlnc. servesas investment advisorto its respectivefund familyand receivescompensation from that fund familyfor providing investment advisoryand other services. Important Information RegardingAuction Rate Securities (ARS). ARS are debt or preferredsecurities with an interest or dividend rate reset periodicallyin an auction. Although there may be daily, weeklyand monthly resets, there is no guaranteethat there will be liquidity. If there are not enough bids at an auction to redeemthe securities availablefor sale, the result maybe a failedauction. In a failedauction, there is no assurancethat a secondarymarket will developor that the security will trade at paror anyother price reflectedon statements. Accordingly, investors should not relyon pricing information appearingin theirstatements with respect to ARS. .JPMSI is the custodian of listed options purchasedthrough JPMSI. You must promptly advise3PMSI ofmaterialchanges in yourinvestment objectivesor financialsituation. Unless you inform JPMSI otherwise, JPMSI will considerthe information currentlyin its files to be complete and accurate. You should have receivedseparateJPMSI confirmations for each securities transaction. All transactions are subject to the terms and conditions stated on the reverseside of such confirmations and are subject to the constitution, by-laws, customs and interpretationsof the marketplacewhere executedand governedby and construed in accordance with the laws of the State of New Yorkand all applicablefederallaws and regulations. Furtherinformation with respect to commissions and other charges relatedto the execution of transactions, including options transactions, has been included in confirmations that were previouslyfurnishedto you. Upon written request, JPMSI will promptly supply you with the latest such information. Shareholdersof certain JPM Funds are chargeda redemption fee equalto 2% of the proceeds if they exchangeor redeemshares ofsuch funds within 60 days of purchase, subject to certain exceptions set forth in the prospectus of the applicableFund. Pleaseconsult your J.P. Morgan representativefora list of the JPM Funds that impose redemption EFTA01555398 fees. JPMSI is a memberof the Securities InvestorProtection Corporation ("SIPC"),a not-for-profit membership corporation funded by broker-dealers registeredwith the Securities and ExchangeCommission. Securities and cash held for a customer at JPMSI are protected by SIPC up to $500,000 per customer, which includes up to $100,000 of protection for cash. SIPC does not protect against losses from fluctuations in the value of the securities. Assets held in custody by JPMorgan Chase Bank, N.A. (the "Bank")are not subject to SIPC. Youmay obtain information about SIPC, including the SIPCBrochure, on theirwebsite, at "www.sipc.org" or by contacting them at (202)371-8300. J.P. Morgan Securities Inc., JPMorgan Chase Bank, N.A. or their affiliates(the "Morgan Companies")mayprovide administrative,custodial, sales, distribution or shareholderservicesto JPMorgan Funds, AmericanCenturyFunds, or funds established, sponsored, advised, or managedby third parties, and the Morgan Companiesmaybe compensatedfor such services. J.P. Morgan Private Bank is the marketing name for the private banking business conducted by J.P.Morgan Chase & Co. through its subsidiaries worldwide, including JPMorgan Chase Bank, N.A. and J.P. Morgan Securities Inc. Account Q30171005 Page 11 of 11 Page 12 of 17 EFTA01555399 THIS PAGE INTENTIONALLY LEFT BLANK EFTA01555400 J.P. Morgan Securities Inc. 270 Park Avenue, New York, NY 10017 Margin Account J.P. Morgan Private Bank Team Mary Casey Janet Young William Doherty III Online access Banker Client Service Team Client Service Team www.MorganOnline.com (212) 464-0374 (800) 634-1318 Table of Contents Account Summary Portfolio Activity Page 2 3 FINANCIAL TRUST COMPANY INC ACCT. 161121381 For the Period 11/1/08 to 11/30/08 Account 161121381 Page 1 of 5 Page 13 of 17 EFTA01555401 FINANCIAL TRUST COMPANY INC ACCT. 161121381 For the Period 11/1/08 to 11/30/08 Account Summary MARGIN Cash Asset Allocation Cash & Short Term Market Value 0.00 Long Market Value 0.00 Short Market Value 0.00 Market Value Annual Income Allocation 0.00 Total Estimated Current Account 161121381 Page 2 of 5 Page 14 of 17 EFTA01555402 FINANCIAL TRUST COMPANY INC ACCT. 161121381 For the Period 11/1/08 to 11/30/08 Portfolio Activity Summary - U S DOLLAR Current Transactions Ending Cash Balance Portfolio Activity Detail - U S DOLLAR Beginning Cash Balance Period Value 0.00 $0.00 Year-To-Date Value --No Activity This Period Account 161121381 Page 3 of 5 Page 15 of 17 EFTA01555403 FINANCIAL TRUST COMPANY INC ACCT. 161121381 For the Period 11/1/08 to 11/30/08 All positions in this Margin Account Portfolio are held in custody at J.P. Morgan Securities Inc. ("JPMSI"). Member SIPC. IMPORTANT INFORMATION ABOUT YOUR STATEMENT Contact your client service specialist if you think your statement is incorrect or you require additional information about a transaction on your statement. Important Information RegardingAuction Rate Securities (ARS). ARS are debt or preferredsecurities with an interest or dividend rate reset periodicallyin an auction. Although there may be daily, weeklyand monthly resets, there is no guaranteethat there will be liquidity. If there are not enough bids at an auction to redeemthe securities availablefor sale, the result maybe a failedauction. In a failedauction, there is no assurancethat a secondarymarket will developor that the security will trade at paror anyother price reflectedon statements. Accordingly, investors should not relyon pricing information appearingin theirstatements with respect to ARS. JPMSI is a memberof the Securities InvestorProtection Corporation ("SIPC"),a not-for-profit membership corporation funded by broker-dealers registeredwith the Securities and ExchangeCommission. Securities and cash held for a customer at JPMSI are protected by SIPC up to $500,000 per customer, which includes up to $100,000 of protection for cash. SIPC does not protect against losses from fluctuations in the value of the securities. Assets held in custody by JPMorgan Chase Bank, N.A. (the "Bank")are not subject to SIPC. Youmay obtain information about SIPC, including the SIPCBrochure, on theirwebsite, at "www.sipc.org" or by contacting them at (202)371-8300. J.P. Morgan Securities Inc., JPMorgan Chase Bank, N.A. or their affiliates(the "Morgan Companies")mayprovide administrative,custodial, sales, distribution or shareholderservicesto JPMorgan Funds, AmericanCenturyFunds, or funds established, sponsored, advised, or managedby third parties, and the Morgan Companiesmaybe compensatedfor such services. Account 161121381 Page 4 of 5 Page 16 of 17 EFTA01555404 FINANCIAL TRUST COMPANY INC ACCT. 161121381 For the Period 11/1/08 to 11/30/08 IMPORTANT INFORMATION ABOUT YOUR JPMSI MARGIN ACCOUNT Please review your account statement and promptly report any inaccuracy or discrepancy including possible unauthorized trading activity, unrecorded dividend payments, and unaccounted cash positions in writing. Any oral communication should be re-confirmed in writing to further protect your rights, including your rights under the Securities Investor Protection Act (SIPA). If you have any questions, please contact your JPMSI Account Representative or JPMSI Compliance Department at (212) 483-2323. Please keep the following in mind when using this statement to track your JPMSI brokerageactivity: This statement combines your generalmargin account with the special memorandum account requiredby Section 220.6 Regulation T. As requiredby Regulation T, a permanent recordofyourseparateaccount is availableupon yourrequest. Important Information about Pricing and Valuations. Certain assets including but not limited to, pooled private investments, non - publicly traded and infrequently traded securities, derivatives, partnership interests and tangible assets are generally illiquid, the value of which may have been providedto us by third parties who maynot be independent of the issueror manager. Such information is reflectedas ofthe last date providedto us, and is not independently verified. Prices, some of which are provided by pricing services or other sources which we deem reliable, are not guaranteed for accuracy or as realizable values Free credit balances in your account are not segregatedand may be used in the operation of JPMSIs business, subject to the limitations of SECRule 15c3-3. Unless otherwise instructed, JPMSI or its agents and depositories will hold your securities. Upon your demand, JPMSI will payto you the amount ofyourfree credit balance,and will deliverto you fully-paidsecurities held on yourbehalf. Interestwill be chargedon anydebit balance; the method ofcalculating interest is describedin a lettersent to all margin customers. You should have receivedseparateJPMSI confirmations for each securities transaction. All transactions are subject to the terms and conditions stated on the reverseside of such confirmations and are subject to the constitution, by-laws, customs and interpretationsof the marketplacewhere executedand governedby and construed in accordance with the laws of the State of New Yorkand all applicablefederallaws and regulations. Furtherinformation with respect to commissions and other charges relatedto the execution of transactions, including options transactions, has been included in confirmations that were previouslyfurnishedto you. Upon written request, JPMSI will promptly supply you with the latest such information. Ifa partialcall is made with respect to an issue of securities included in yourMargin Account we will allocatethe call by a method we deem fairand equitable. You must promptly adviseJPMSI ofmaterialchanges in yourinvestment objectivesor financialsituation. Unless you inform JPMSI otherwise, JPMSI will considerthe information currentlyin its files to be complete and EFTA01555405 accurate. JPMSI is not a bank and is a separate legal entity from its bank or thrift affiliates, including JPMCB. The securities sold, offered or recommended by JPMSI: (1) Are not insured by the Federal Deposit Insurance Corporation, or any other governmental agency; (2) Are not deposits or other obligations of JPMSI's bank or thrift affiliates (unless otherwise indicated), and are not guaranteed by or the responsibility of any such affiliates(unless explicitly stated otherwise); and (3) Involve investment risks, including possible loss of the principal invested. JPMSI's banking affiliatesmay be lenders to issuers of securities that JPMSI underwrites, in which case proceeds of offerings underwritten by JPMSI may be used for the repaymentof such loans, and you should referto the disclosure documents relating to particular securities for discussion of any such lending relationships. The FederalReserverequires that JPMSI obtain your consent before it can obtain certain information from its bank or thrift affiliates, including their credit evaluationof you. We will assume that your continuing to transact business with JPMSI will constitute yourconsent to the sharing ofsuch information by JPMSI and its bankor thrift affiliates,to the extent permitted by law. J.P. Morgan Private Bank is the marketing name for the private banking business conducted by J.P.Morgan Chase & Co. through its subsidiaries worldwide, including JPMorgan Chase Bank, N.A. and J.P. Morgan Securities Inc. Account 161121381 Page 5 of 5 Page 17 of 17 EFTA01555406 THIS PAGE INTENTIONALLY LEFT BLANK EFTA01555407