EFTA01118509.pdf

Bear Stearns & 383 Madison Avenue New York, NY 10179 (212) 272-2000 BOW www.bearstearns.com STEARNS August 25, 2006 Financial Trust Company, Inc. Rubin/Lutz/Hersch Group 6100 Red Hook Quarter, Suite B-3 St. Thomas, Virgin Islands 00802 Re: Financial Trust Company, Inc. Dear Investor, High-Grade Structured Credit Strategies Enhanced Leverage Thank you for your participation in the Bear Steams we have received your Subscription and Interest Exchange Fund, L.P. We would like to inform you that Agreements. in the roll-over, an official confirmation notice will not be Due to the pricing and transfer of securities involved m that 100% of your current holdings will roll-over from the mailed to you for another three weeks. We can confir High-Grade Structured Credit Strategies Enhanced Bear Steams High-Grade Structured Credit Strategies to the Leverage Fund. te to contact your Bear Steams Account representative or We appreciate your understanding. Please do not hesita gement should you have any questions. Alternative Fund Services at Bear Steams Asset Mana Sincerely, Scar Stearns Asset Management Alternative Fund Services 383 Madison Avenue 30" Floor New York, New York 10179 (212)272.1630 (phone) (917)849-3018 (fax) DENYBR I DUBLIN I KW Li TA I Nom; KONG I LONDON tOS400SAILANTA I BUM I BOSTON I CHICAGO I DALLASI NAN I SAO PAULO I SEOUL I SHANGHAI I SINGAPORE I TOKYO LOS ANOELES I LUGANO 1NEW YORK I SAN FRANCISCO I SAN EFTA01118509  651106 XI Final K-1 Amended K-1 OMB No. 1645-0099 Ault) K-1 Partner's Share of Current Year Income, ,rm 1065) S@O6 Part HI Deductions, Credits, and Other Items xparorient of the Treasury For calendar year 2006. or tax 1 Ordinary business income (loss) 15 Credits /dismal Revenue Service year beginning _ 2 Net rental real estate income (loss Partner's Share of Income, Deductions, 3 01he. net rental income (loss) 16 FOteigll IIVISUCIPCMS Credits, etc. Sr See back of form and separate Instructions. A Various Part I Information About the Partnership Guaranteed payments A Partnership's employe. identification number 2.591.082 20-0215684 5 Interest income B PannerjeTsname. address. city. state. and 21P code C Bear Stearns High-Grade Structured Credit Strategies. L.P. a Ordinary dividends oto Bear Stearns Asset Management. mc. 1,218,123 383 Madison Avenue. 27th Floor 6b Ourildied Ow:tends New York. NY 10179 7 Roysites C IRS Center where partnership Med return 8 Mel sheer-term capital gam (loss) D _I Oleo il this 's a Neel traded penerstip (PIP) -• • - E _I Tax Metter registration number. ii any _ ea Net long-term CaPrai gam (loss) 17 I Aiteenekve reruns.Iu falaTimins F 1 Check if Form 0271 is atlachad 9b Collectibles (28%) gain (loss) Information About the Partner G Partner's identifying number 9c Unmeasured seam 1250 gam 66-0567418 — - H Partner's name, address. oly. slats. and ZIP code 11 Net socion 1231 gain (loss) 18 Tax...soma, income end Financial Trust Company. Inc. nondeductible expenses 6100 Red Hook Quarter 11 Other income (toss) Suite B-3 1,149,578 St. Thomas. Virgin Islands. 00802 -- • - - • General perinea or LIC I X Limeed panne. or other LLC member-manager member 19 Distributions 12 - - •—•-•- • - J X: Domestic partner Foreign partner Section 179 deduction 20.155.344 .. 13 Ober deductions K What type of entity is this panne/ Corporation Partner's share 0 pre& loss. and capital 20 Other inforeeeleari Beginning Ending Profit VARIOUS % NONE % toss VARIOUS NONE % Caudal VARIOUS % NONE % 14 Sefkimployment earnings (loss) fil Pertness stared ha baths s m yea, end Nonrecourse $ Oualtied navecourse financing $ Recourse $ 'See attached statement for additional in ormation N Partners cocas' account anon's: Beginning capital account 19.141.963 Capital contributed during me year O Cairene year increase (decrease) 1.013.361 Withdrawals 6 distribuicas SI 20.155.344 1 Ending capital account $ - Tax basis PI: GAAF' Seclon 704(b) book - Other (exptan) For Privacy Act and Paperwork Reduction Act Notice. see Instructions for Form 1065. Partner a 13 Schedule K•1 (Form 1065) 2006 WTA EFTA01118510  651106 Final K-1 O *Mended K-I OMB No *45.0399 Schedule K-1 Partner's Share of Current Year Income, Part III. (Form 1065) Deductions, Credits and Other Items ospanment of lee Treasury For calendar year oc lax 1 Ontnery business income (loss) 15 Credits 'Aimee Revenue Sonnet 8110006 year beginnng ending 12/31,2006 2 Net rental real Isle worst 110 Partner's Share of Income, Deductions, In See back or form and separate instructions. 3 al ren en* Doss) 16 Fonagn iransaUrons Credits, etc. 8 5.123.611 AMA_ Information About the Partnership_ 4 Guaranteed payments A Pertnerwres ernfloTer denhicalion mintier _ (3.161.741) 20-5054414 keeled income B Partnership's nom. oddness. oty. Male. end ZIP cods Bear Stearns Nigh-Grade Structured Credt Strategies Enhanced 64 Ordinary claw/ends leverage Fund. L.P cio Bear Stetsons Asset Management Inc 6b I Ouartheci dividends 383 Madison Avenue New York, NY 10179 7 POyaltet C IRS Center where partnership filed return Ogden B Net Vien•lefri Cannel Pen (less) • r : cram% pueecly traded Pannerela0 (PTP) E _J Tax shelter registration number. if any 9a Net ong4erm cereal gas gets) 17 Artomewo away/ems IMAT)eass F ) Chock 4 Form /12714 attached 9b Costal:4es (28%) Wen 0050 Part Information About the Partner • Porewee wenitlywa number 9c Unrecaptured moon 1210 gin 66-0567418 H Partners name. address. city. state. and ZIP coda 10 Net section 1231 gain goss) 18 Tex-exempt income end Financial Trust Company. Inc nOndeduChble expends 6100 Red Hook Quarter 11 Other income (loss) Suite 8.3 STMT St. Thomas. Wain Islands 00802 I . General peon.. c Lie ffI landed twiner or other LIC membellnarager member 19 Distributions r X 2 Domestic panne: Li Fornrpaiinn 12 Sector In &Meson Corporalon fr Other deducsons K What type dente), is this partner? L Penned neve of (noun loss. end cadial 20 I Other olorfrolion &tinning Entfing Profit NONE %I VARIOUS % Loss NONE % [ VARIOUS % Gamic! NONE %; 12.186048 % 14 gellwmplownent *amps (loss) M Danner's share of habildes al year end. Nonrecourse S. - Ouisaled ricnrecosse financing S Recant, S 'See attached statement for adcational information. N Partnites capital account artabwS Beginnny caceal account . 5 0 COplr coninbule0 donne the Seel 5 _ Current year increase (decrease) S. 1 277 934 withdrawals b chive...bons Sc 1 Ending wear account . 5 21,433.279 CE U. El in barn 7 GAAP Section 104(b) boot Other (explain) EFTA01118511