EFTA01539113.pdf

HARRY BELLER C/O HBRK ASSOCIATES 301 E 66TH ST APT 10F NEW YORK NY 10065-6216 EFTA01539113 EFTA01539114 (Reviewed) For the Period 12/1/11 to 12/31/11 Account Summary Account Number Investment Account(s) FINANCIAL TRUST COMPANY INC FINANCIAL TRUST COMPANY INC Total Value 1 2 Beginning Net Market Value 68,581,101.39 297,493.86 $68,878,595.25 Ending Net Market Value 69,593,029.52 299,802.94 $69,892,832.46 This account summary is provided for informational purposes and includes assets at different entities. (1) Assets held at JPMorgan Chase Bank, N.A., member Federal Deposit Insurance Corporation ("FDIC"), except for exchangelisted options, which are held at 3PMorgan Clearing Corporation ("JPMCC"). The Asset Account Statement reflects brokerage transactions executed through J.P. Morgan Securities LLC ("JPMS"), see "Portfolio Activity Detail". Equity securities, fixed income securities, and listed options transactions are generally cleared through JPMCC, a wholly owned subsidiary of 3PMS. Please see "Additional Information About Your Accounts" at the end of the Asset Account Statement. (2) Assets held in Margin Account at JPMCC, member Financial Regulatory Authority ("FINRA") and Securities Insurance Protection Corporation ("SIPC"). The Margin Account Statement reflects brokerage transactions executed by JPMS, see "Portfolio Activity Detail". Such transactions are cleared and carried through JPMCC. Please see disclosures located at the end of this statement package for important information relating to each 3.P.Morgan account(s). Change In Value 1,011,928.13 2,309.08 $1,014,237.21 Start on Page 4 32 Client News 2011 Year End Tax 1099's EFTA01539115 You will be able to view your 2011 Form 1099 on Morgan Online beginning Feb 24, 2012. You should expect to receive them via mail shortly thereafter. You may contact your J.P. Morgan Team with any questions. 0000000025.15.0.15.00001.BELLE18.20120112 Consolidated Statement Page 1 EFTA01539116 THIS PAGE INTENTIONALLY LEFT BLANK EFTA01539117 For the Period 12/1/11 to 12/31/11 Consolidated Summary INVESTMENT ACCOUNTS Asset Allocation Equity Alternative Assets Cash & Fixed Income Other Market Value Accruals Market Value with Accruals Beginning Market Value 23,092,595.28 4,347,376.66 40,848,651.91 162,464.99 $68,451,088.84 427,506.41 $68,878,595.25 Ending Market Value 23,104,697.46 4,279,685.00 42,178,189.30 0.00 $69,562,571.76 330,260.70 $69,892,832.46 Change In Value 12,102.18 (67,691.66) 1,329,537.39 (162,464.99) $1,111,482.92 (97,245.71) $1,014,237.21 Estimated 699,843.75 Current Annual Income Allocation 33% 6% 1,470,358.64 $2,170,202.39 61% 100% Equity Alternative Assets EFTA01539118 Cash & Fixed Income Asset Allocation Current Portfolio Activity Beginning Market Value Net Contributions/Withdrawals Income & Distributions Change in Investment Value Ending Market Value Accruals Market Value with Accruals Period Value 68,451,088.84 (323,294.24) (593,383.59) 2,028,160.75 $69,562,571.76 330,260.70 $69,892,832.46 Year-to-Date Value 73,399,279.03 (4,285,692.37) 1,418,258.64 (969,273.54) $69,562,571.76 330,260.70 $69,892,832.46 This Consolidated Summary shows all of your investments at J.P. Morgan other than investments we hold in trust for you. These investments may be held in custody or investment management account at JPMorgan Chase Bank, N.A. (the "Bank") or in a brokerage or margin account at J.P. Morgan Clearing Corp. ("JPMCC"). Brokerage and margin accounts are non-discretionary and all investment decisions are made by the client. J.P. Morgan Securities LLC ("JPMS") does not provide advice on asset allocation or investment management services, nor do its personnel take discretion over any client accounts. Such advice and services are provided exclusively by the Bank. Consolidated Statement Page 2 EFTA01539119 For the Period 12/1/11 to 12/31/11 Consolidated Summary INVESTMENT ACCOUNT(S) YEAR-TO-DATE Portfolio Activity FINANCIAL TRUST COMPANY INC FINANCIAL TRUST COMPANY INC Total Value Tax Summary FINANCIAL TRUST COMPANY INC FINANCIAL TRUST COMPANY INC Total Value Account Number Account Number Beginning Market Value 67,648,956.00 5,750,323.03 $73,399,279.03 Taxable Income 1,394,183.68 (1,580.16) $1,392,603.52 Net Contributions/ Withdrawals 1,050,136.50 (5,335,828.87) ($4,285,692.37) Tax-Exempt Income 655.12 $655.12 'Unrealized Gain/Loss represents data from the time of account inception to the current statement period. Other Income & Receipts 25,000.00 $25,000.00 Income & Distributions 1,419,838.80 (1,580.16) $1,418,258.64 Change in Investment Value EFTA01539120 (856,162.48) (113,111.06) ($969,273.54) Realized Gain/Loss Short-term 629,071.02 603,844.31 $1,232,915.33 $991,295.92 Long-term 991,295.92 Ending Market Value with Accruals 69,593,029.52 299,802.94 $69,892,832.46 Unrealized Gain/Loss, (87,778.86) 4,294.63 ($83,484.23) CONTINUED Consolidated Statement Page 3 EFTA01539121 JPMorgan Chase Bank, N.A. 270 Park Avenue, New York, NY 10017-2014 FINANCIAL TRUST COMPANY INC ACCT. For the Period 12/1/11 to 12/31/11 Asset Account J.P. Morgan Team Paul Morris Paul Barrett Janet Young Gina Magliocco Banker Investment Specialist Client Service Team Client Service Team Table of Contents Account Summary Holdings Equity Alternative Assets Cash & Fixed Income Other Assets Portfolio Activity Online access www.MorganOnline.com Please see disclosures located at the end of this statement package for important information relating to each J.P.Morgan account(s). Page 2 4 8 9 16 17 Account Page 1 of 28 Consolidated Statement Page 4 EFTA01539122 FINANCIAL TRUST COMPANY INC ACCT. For the Period 12/1/11 to 12/31/11 Account Summary Asset Allocation Equity Alternative Assets Cash & Fixed Income Other Market Value Accruals Market Value with Accruals Beginning Market Value 23,120,720.28 4,347,376.66 40,523,033.05 162,464.99 $68,153,594.98 427,506.41 $68,581,101.39 Ending Market Value 23,130,482.46 4,279,685.00 41,852,601.36 0.00 $69,262,768.82 330,260.70 $69,593,029.52 Current Portfolio Activity Beginning Market Value Contributions Withdrawals & Fees Securities Transferred In Securities Transferred Out Net Contributions/Withdrawals Income & Distributions Change In Investment Value Ending Market Value Accruals Market Value with Accruals (323,263.32) ($323,263.32) (593,383.59) 2,025,820.75 $69,262,768.82 330,260.70 $69,593,029.52 Period Value 68,153,594.98 EFTA01539123 Change In Value 9,762.18 (67,691.66) 1,329,568.31 (162,464.99) $1,109,173.84 (97,245.71) $1,011,928.13 Equity Year-to-Date Value 67,648,956.00 5,901,714.87 (4,111,383.65) 5,022,500.00 (5,762,694.72) $1,050,136.50 1,419,838.80 (856,162.48) $69,262,768.82 330,260.70 $69,593,029.52 1,470,358.64 $2,172,770.39 Estimated 702,411.75 Current Annual Income Allocation 33% 6% 61% Alternative Assets 100% Cash & Fixed Income Asset Allocation Account Page 2 of 28 Consolidated Statement Page 5 EFTA01539124 FINANCIAL TRUST COMPANY INC ACCT. For the Period 12/1/11 to 12/31/11 Account Summary Tax Summary Domestic Dividends/Distributions Foreign Dividends Currency Gain/Loss Interest Income Ordinary Income Original Issue Discount Accrued Interest Current Year Accrued Interest Subsequent Year Taxable Income Tax-Exempt Income Bond Premium Amortization Tax-Exempt Income Cash Receipts Other Income & Receipts Cost Summary Equity Cash & Fixed Income Total CONTINUED Current Period Value 42,156.25 19,931.62 (867,549.76) 212,078.30 Year-to-Date Value 532,372.17 128,986.62 (2,007,636.74) 2,836,166.41 42,329.12 79,731.70 (198,265.60) (19,500.00) ($593,383.59) $1,394,183.68 694.44 (39.32) $655.12 25,000.00 $25,000.00 42,163,464 80 Cost 24,095,924.84 $66,259,389.64 ST Realized Gain/Loss EFTA01539125 LT Realized Gain/Loss Realized Gain/Loss Current Period Value (368,510.73) ($368,510.73) Year-to-Date Value 629,071.02 991,295.92 $1,620,366.94 Unrealized Gain/Loss To-Date Value ($87,778.86) Account Page 3 of 28 Consolidated Statement Page 6 EFTA01539126 FINANCIAL TRUST COMPANY INC ACCT. For the Period 12/1/11 to 12/31/11 Equity Summary Asset Categories US Large Cap Equity US Small/Mid Cap Equity Preferred Stocks Concentrated & Other Equity Total Value Market Value/Cost Market Value Tax Cost Unrealized Gain/Loss Estimated Annual Income Accrued Dividends Yield Beginning Market Value 7,482,300.00 516,500.00 2,084,275.00 13,037,645.28 $23,120,720.28 Ending Market Value 7,597,700.00 539,500.00 1,656,290.00 13,336,992.46 $23,130,482.46 Current Period Value 23,130,482.46 24,095,924.84 (1,539,984.84) 702,411.75 66,930.00 3.02% US Large Cap Equity Change In Value 115,400.00 23,000.00 (427,985.00) 299,347.18 $9,762.18 Current Allocation 11% 1% 2% EFTA01539127 19% 33% US Small/Mid Cap Equity Preferred Stocks Concentrated & Other Equity Asset Categories Equity as a percentage of your portfolio - 33 % Account Page 4 of 28 Consolidated Statement Page 7 EFTA01539128 FINANCIAL TRUST COMPANY INC ACCT. For the Period 12/1/11 to 12/31/11 Note: P ** indicates position adjusted for Pending Trade Activity. Unrealized Gain/Loss is shown as "N/A" in cases where we do not have appropriate cost information for all tax lots comprising the position. Please contact your J.P. Morgan team for additional information. Equity Detail Price US Large Cap Equity DB CONT BUFF EQ MS 08/07/12 25% CONTIN BARRIER- 13%CPN 30% CAP INITIAL LEVEL-07/15/11 MS:21 09 2515A1-A7-6 SG MARKET PLUS SPX 6/20/12 74% CONTIN BARRIER-0%CPN ,UNCAPPED INITIAL LEVEL-03/16/11 SPX: 1256.88 78423A-L3-4 SG MARKET PLUS SPX 02/07/13 75% CONTIN BARRIER- 6.25%CPN ,UNCAPPED INITIAL LEVEL-08/03/11 SPX:1,260.34 78423A-2Y-7 Total US Large Cap Equity $7,597,700.00 $8,000,000.00 ($402,300.00) $0.00 0.00% 96.44 2,000,000.000 1,928,800.00 2,000,000.00 (71,200.00) 99.42 5,000,000.000 4,971,000.00 5,000,000.00 (29,000.00) Quantity Value Adjusted Tax Cost Original Cost Unrealized Gain/Loss Est. Annual Inc. EFTA01539129 Accrued Div. Yield 69.79 1,000,000.000 697,900.00 1,000,000.00 (302,100.00) Account Page 5 of 28 Consolidated Statement Page 8 EFTA01539130 FINANCIAL TRUST COMPANY INC ACCT. For the Period 12/1/11 to 12/31/11 Price US Small/Mid Cap Equity DEUTSCHE BK AG LDN BRH DBL LONG ETN38 25154H-55-8 DAG Preferred Stocks BARCLAYS BANK PLC PFD SHS SER 5 8 1/8% 06739H-36-2 BCS PDAA /P-2 CITIGROUP CAPITAL XIII 7 7/8% PFD 173080-20-1 C PNNA /BA1 P PUBLIC STORAGE 6.35% PFD 74460D-12-5 PSA PRNA /BAA Total Preferred Stocks $1,656,290.00 $1,752,565.50 ($96,275.50) $138,786.75 8.38% 26.91 0.00 5.90% 26.06 30,000.000 781,800.00 750,000.00 31,800.00 59,070.00 7.56% Quantity Value Adjusted Tax Cost Original Cost Unrealized Gain/Loss Est. Annual Inc. Accrued Div. Yield 10.79 50,000.000 539,500.00 352,529.00 186,971.00 22.28 39,250.000 874,490.00 EFTA01539131 1,002,565.50 (128,075.50) 79,716.75 9.12% Concentrated & Other Equity GENERAL MOTORS CO 34.25 CV PFD B 37045V-20-9 GM PB JPMORGAN CHASE & CO 7.9% PFD STK APR 30 2049 DTD 04/23/2008 46625H-HA-1 BBB /BAA Account Page 6 of 28 Consolidated Statement Page 9 106.47 5,000,000.000 5,323,450.00 5,404,861.12 (81,411.12) 395,000.00 66,930.00 7.39% 71,000.000 2,431,750.00 3,585,969.22 (1,154,219.22) 168,625.00 6.93% EFTA01539132 FINANCIAL TRUST COMPANY INC ACCT. For the Period 12/1/11 to 12/31/11 Price Concentrated & Other Equity LONG TOTAL RETURN SWAP 3,007,792.80 USD NOTIONAL APPLE INC MAT FEB 03 2012 DEAL 6505432 N/O Client SWPBDH-AY-3 MS MARKET PLUS MO 06/18/12 78% CONTIN BARRIER-15%CPN ,UNCAPPED INITIAL LEVEL-12/09/10 MO: 24.59 617482-QA-5 MS MARKET PLUS TEF SM 7/26/12 75% CONTIN BARRIER-25.5%CPN ,UNCAPPED INITIAL LEVEL-1/13/11 TEF: 17.69 617482-QR-8 Total Concentrated & Other Equity $13,336,992.46 $13,990,830.34 ($1,228,380.34) $563,625.00 $66,930.00 4.21% 69.64 2,000,000.000 1,392,700.00 2,000,000.00 (607,300.00) 120.49 3,000,000.000 3,614,550.00 3,000,000.00 614,550.00 Quantity Value Adjusted Tax Cost Original Cost Unrealized Gain/Loss Est. Annual Inc. Accrued Div. Yield 64.85 8,860.000 574,542.46 N/A ** N/A EFTA01539133 Account Page 7 of 28 Consolidated Statement Page 10 EFTA01539134 FINANCIAL TRUST COMPANY INC ACCT. For the Period 12/1/11 to 12/31/11 Alternative Assets Summary Beginning Asset Categories Hard Assets Estimated Value 4,347,376.66 Alternative Assets Detail Price Hard Assets 3PM CORN DLY LIQUIDITY NT 07/25/13 LNKD TO DJUBCN3T 07/22/10 48124A-WK-9 171.19 2,500,000.000 4,279,685.00 2,512,500.00 Quantity Estimated Value Cost Ending Estimated Value 4,279,685.00 Change In Value (67,691.66) Current Allocation 6% Account Page 8 of 28 Consolidated Statement Page 11 EFTA01539135 FINANCIAL TRUST COMPANY INC ACCT. For the Period 12/1/11 to 12/31/11 Cash & Fixed Income Summary Beginning Asset Categories Cash Non-USD Cash US Fixed Income Non-US Fixed Income Complementary Structured Strategies Foreign Exchange Contracts Total Value Market Value/Cost Market Value Tax Cost Unrealized Gain/Loss Estimated Annual Income Accrued Interest Yield Market Value 19,772,104.69 1,127,249.81 19,582,378.00 363,763.70 600,441.88 (922,905.03) $40,523,033.05 Ending Market Value 21,617,481.54 1,225,396.23 18,124,790.00 270,213.70 610,604.31 4,115.58 $41,852,601.36 Current Period Value 41,852,601.36 42,163,464.80 (314,979.02) 1,470,358.64 263,330.70 3.26% US Fixed Income Change In Value 1,845,376.85 98,146.42 (1,457,588.00) (93,550.00) EFTA01539136 10,162.43 927,020.61 $1,329,568 31 Current Allocation 30% 2% 26% 1% 1% 1% 61% Foreign Exchange Contracts Non-US Fixed Income Complementary Structured Cash Strategies Non-USD Cash Asset Categories Cash & Fixed Income as a percentage of your portfolio 61 % Account Page 9 of 28 Consolidated Statement Page 12 EFTA01539137 FINANCIAL TRUST COMPANY INC ACCT. For the Period 12/1/11 to 12/31/11 SUMMARY BY MATURITY 1 Cash & Fixed Income 0-6 months 6-12 months, 1-5 years, 5-10 years, 10+ years, Total Value 1 SUMMARY BY TYPE Market Value 22,474,882.08 978,600.00 11,357,915.00 4,971,875.00 2,065,213.70 $41,848,485.78 % of Bond Portfolio 57% 2% 26% 11% 4% 100% The years indicate the number of years until the bond is scheduled to mature based on the statement end date. Some bonds may be called, or paid in full, before their stated maturity. Cash & Fixed Income Cash NON USD Cash Corporate Bonds International Bonds Complementary Structure Total Value Market Value 21,617,481.54 1,225,396.23 18,124,790.00 270,213.70 610,604.31 $41,848,485.78 % of Bond Portfolio 54% 2% EFTA01539138 42% 1% 1% 100% Account Page 10 of 28 Consolidated Statement Page 13 EFTA01539139 FINANCIAL TRUST COMPANY INC ACCT. For the Period 12/1/11 to 12/31/11 Cash & Fixed Income Summary NET FX CONTRACTS EXPOSURE SUMMARY Value SINGAPORE DOLLAR US DOLLAR in Currency 6,432,250.00 (4,956,037.13) Note: 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 & Fixed Income Detail Price Cash US DOLLAR PROCEEDS FROM PENDING SALES Total Cash 1.00 1.00 21,188,689.79 428,791.75 21,188,689.79 428,791.75 $21,617,481.54 21,188,689.79 428,791.75 $21,617,481.54 $0.00 $6,356.60 $504.69 Non-USD Cash ARGENTINE PESO CANADIAN DOLLAR 0.23 0.98 595,420.00 0.01 138,341.07 0.01 138,349.11 0.01 Account Page 11 of 28 (8.04) 0.03% 6,356.60 504.69 EFTA01539140 0.03% Quantity Value Adjusted Tax Cost Original Cost Unrealized Gain/Loss Est. Annual Income Accrued Interest Yield Consolidated Statement Page 14 EFTA01539141 FINANCIAL TRUST COMPANY INC ACCT. For the Period 12/1/11 to 12/31/11 Price Non-USD Cash EURO PRINCIPAL CURRENCY Total Non-USD Cash 1.30 837,388.58 1,087,055.15 $1,225,396.23 1,099,726.08 $1,238,075.20 (12,670.93) ($12,678.97) $0.00 0.00% Quantity Value Adjusted Tax Cost Original Cost Unrealized Gain/Loss Est. Annual Income Accrued Interest Yield US Fixed Income AMERICAN CAPITAL LTD 101.02 8.96% DEC 31 2013 DTD 06/28/2010 02503Y-AF-0 B /NA FELCOR LODGING LP 10% OCT 01 2014 DTD 10/01/2009 31430Q-BA-4 NA /B2 FORD MOTOR CREDIT CO LLC SR NOTES 7% APR 15 2015 DTD 04/09/2010 345397-VN-0 BB+ /BA1 HCA INC 6 1/2% FEB 15 2016 DTD 2/8/2006 404119-AR-0 B- /B3 CIT GROUP INC 144A 7% MAY 02 2016 JUN 15 2011 125581-FZ-6 B+ /B2 99.88 5,000,000.00 4,993,750.00 4,725,000.00 EFTA01539142 268,750.00 107.50 1,200,000.00 1,290,000.00 1,278,000.00 12,000.00 84,000.00 17,732.40 101.50 1,500,000.00 1,522,500.00 1,530,000.00 (7,500.00) 97,500.00 36,832.50 350,000.00 49,580.00 4.52% 109.50 2,321,000.00 2,541,495.00 2,442,852.50 98,642.50 232,100.00 58,025.00 6.18% 1,000,000.00 1,010,170.00 1,011,000.00 (830.00) 79,600.00 221.00 7.41% 6.08% 7.03% Account Page 12 of 28 Consolidated Statement Page 15 EFTA01539143 FINANCIAL TRUST COMPANY INC ACCT. For the Period 12/1/11 to 12/31/11 Price US Fixed Income AMERICAN AXLE & MFG INC 7 7/8% MAR 1 2017 DTD 2/27/2007 02406P-AF-7 B /B2 CIT GROUP INC 144A 7% MAY 02 2017 DTD 06/15/2011 125581-GA-0 B+ /B2 BANK OF AMERICA CORP 8 1/8% PFD STK DEC 29 2049 DTD 04/30/2008 060505-DT-8 BB+ /BA3 Total US Fixed Income 89.75 2,000,000.00 1,795,000.00 2,081,180.56 (286,180.56) 162,500.00 20,762.00 $18,124,790.00 $17,989,908.06 $134,881.94 $1,377,575.00 $258,985.40 Non-US Fixed Income REPUBLIC OF ARGENTINA - ARS FLOATING RATE NOTE DEC 15 2035 DTD 11/01/2005 HELD BY EUROCLEAR ISIN ARARGEO3E147 SEDOL B1MYWX3 EC0698-9B-7 ARS 9.09% 99.88 2,500,000.00 2,496,875.00 2,306,250.00 190,625.00 175,000.00 10,207.50 7.03% 99.00 2,500,000.00 2,475,000.00 2,615,625.00 (140,625.00) 196,875.00 EFTA01539144 65,625.00 8.11% Quantity Value Adjusted Tax Cost Original Cost Unrealized Gain/Loss Est. Annual Income Accrued Interest Yield 7.03% 2.70 10,000,000.00 270,213.70 318,000.00 (47,786.30) 86,427.04 3,840.61 32.23% Account Page 13 of 28 Consolidated Statement Page 16 EFTA01539145 FINANCIAL TRUST COMPANY INC ACCT. For the Period 12/1/11 to 12/31/11 Price Complementary Structured Strategies JPY CALL CAD PUT FX EUROPEAN STYLE OPTION AUG 13, 2012 @ 76. KI @ 71 XJPYCA-RC-Z CAD JPY PUT CAD CALL FX EUROPEAN STYLE OPTION AUG 13, 2012 @ 83.25 XJPYPA-YX-Z CAD HSBC MARKET PLUS MXN NOTE 11/2/12 LNKED TO MXN VS USD 25% BUFFER, 9.75%CPN, 100%MAXRTN 10/26/11 4042K1-RA-3 Total Complementary Structured Strategies $610,604.31 $1,000,000.00 ($389,395.69) $0.00 0.00% 97.86 1,000,000.00 978,600.00 1,000,000.00 (21,400.00) 0.01 832,500,000.00 95,926.53 411,436.90 (315,510.37) Quantity Value Adjusted Tax Cost Original Cost Unrealized Gain/Loss Est. Annual Income Accrued Interest Yield 0.06 (760,000,000.00 ) (463,922.22) (411,436.90) (52,485.32) Market Value Receivable Trade Date EFTA01539146 Foreign Exchange Contracts CHINESE RENMINBI US DOLLAR Currency Settlement Date Counter Currency Amount Counter Amount Contract Rate Current Market Forward Rate Market Value Payable Unrealized Gain/Loss Jan. 13 11 Jan. 18 12 CNY USD 64,200,000.00 (10,000,000.00) 6.420000 6.315889 10,164,840.24 10,000,000.00 164,840.24 Account Page 14 of 28 Consolidated Statement Page 17 EFTA01539147 FINANCIAL TRUST COMPANY INC ACCT. For the Period 12/1/11 to 12/31/11 Market Value Receivable Trade Date Foreign Exchange Contracts CHINESE RENMINBI CHINESE RENMINBI CHINESE RENMINBI SINGAPORE DOLLAR SINGAPORE DOLLAR US DOLLAR US DOLLAR US DOLLAR US DOLLAR US DOLLAR Total Foreign Exchange Contracts Jun. 8 11 Jun. 11 12 Oct. 5 11 Jan. 18 12 Oct. 5 11 Jun. 11 12 Nov. 2 11 Feb. 6 12 Dec. 12 11 Feb. 6 12 CNY USD CNY USD CNY USD SGD USD SGD USD 31,818,000.00 (5,000,000.00) (64,200,000.00) 10,060,330.64 (31,818,000.00) 4,983,632.23 3,183,000.00 (2,500,000.00) 3,249,250.00 (2,500,000.00) 6.363600 6.381500 6.384500 1.273200 EFTA01539148 1.299700 6.364177 6.315889 6.364177 1.296785 1.296785 4,999,546.97 5,000,000.00 10,060,330.64 10,164,840.24 4,983,632.23 4,999,546.97 2,454,532.41 2,500,000.00 2,505,620.30 2,500,000.00 $35,168,502.79 $35,164,387.21 (453.03) (104,509.60) (15,914.74) (45,467.59) 5,620.30 $4,115.58 Currency Settlement Date Counter Currency Amount Counter Amount Contract Rate Current Market Forward Rate Market Value Payable Unrealized Gain/Loss Account Page 15 of 28 Consolidated Statement Page 18 EFTA01539149 FINANCIAL TRUST COMPANY INC ACCT. For the Period 12/1/11 to 12/31/11 Other Summary Asset Categories Other Beginning Estimated Value 162,464.99 Ending Estimated Value 0.00 Change In Value (162,464.99) Current Allocation Account Page 16 of 28 Consolidated Statement Page 19 EFTA01539150 FINANCIAL TRUST COMPANY INC ACCT. For the Period 12/1/11 to 12/31/11 Portfolio Activity Summary - U S Dollar Beginning Cash Balance Current Transactions INFLOWS Income Contributions Foreign Exchange - Inflows Total Inflows OUTFLOWS ** Withdrawals Interest Purchased Foreign Exchange - Outflows Total Outflows TRADE ACTIVITY Settled Sales/Maturities/Redemptions Settled Securities Purchased Total Trade Activity Ending Cash Balance 4,104,150.30 (1,639,007.50) $2,465,142.80 $21,188,689.79 * Year to date information is calculated on a calendar year basis. ** Your account's standing instructions use a FIRST IN, FIRST OUT method for relieving assets from your position 68,525,933.51 (57,666,261.50) $10,859,672.01 -(20,353,310.05) ($20,353,310.05) 19,401,760.29 $19,537,577.35 Period Value 19,539,279.69 135,817.06 Year-To-Date Value* -3,186,604.93 5,901,714.87 90,916,904.38 $100,005,224.18 (4,111,383.65) (19,500.00) (91,172,723.92) ($95,303,607.57) Current Cost EFTA01539151 Adjustments Accretion Amortization Cost Adjustments Total Cost Adjustments $0.00 Period Value Year-To-Date Value* 79,731.70 (39.32) 176,834.93 $256,527.31 Account Page 17 of 28 Consolidated Statement Page 20 EFTA01539152 FINANCIAL TRUST COMPANY INC ACCT. For the Period 12/1/11 to 12/31/11 Portfolio Activity Detail - U S Dollar INFLOWS & OUTFLOWS Type Settle Date Selection Method 12/1 12/1 12/5 Interest Income Div Domest Free Delivery FIFO Description DEPOSIT SWEEP INTEREST FOR NOV. @ .03% RATE ON NET AVG COLLECTED BALANCE OF $19,434,639.95 AS OF 12/01/11 GENERAL MOTORS CO CV PFD B @ 0.59375 PER SHARE (ID: 37045V-20-9) CORN SHORT FORWARD CONTRACT 2,274,650.00 USD NOTIONAL 67.00 NOTIONAL CONTRACTS (335K BSH) 6.79 FORWARD RATE 12/02/2011 MATURITY DEAL 41129331 JPMORGAN CHASE BANK TRADE DATE 07/13/11 AS OF 12/02/11 (ID: CFCONT-GM-6) 12/9 12/9 12/9 12/9 12/12 12/15 FX Fwd Contract FX Fwd Contract FX Fwd Contract FX Fwd Contract Corporate Interest Foreign Dividend SETTLE FORWARD CURRENCY CONTRACT BUY INR SELL USD CONTRACT RATE : 46.421000000 TRADE 9/07/11 VALUE 12/09/11 (ID: OINRPR-AA-8) SETTLE FORWARD CURRENCY CONTRACT BUY SGD SELL USD CONTRACT RATE : 1.206580000 TRADE 9/07/11 VALUE 12/09/11 (ID: OSGDPR-AA-5) SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL INR CONTRACT RATE : 48.700000000 TRADE 9/19/11 VALUE 12/09/11 (ID: OINRPR-AA-8) SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL SGD CONTRACT RATE : 1.265700000 TRADE 9/19/11 VALUE 12/09/11 (ID: OSGDPR-AA-5) CIT GROUP INC 144A 7% MAY 02 2017 DTD 06/15/2011 (ID: 125581-GA-0) BARCLAYS BANK PLC PFD SHS SER 5 8 1/8% @ EFTA01539153 0.507812 PER SHARE (ID: 06739H-36-2) 2,500,000.000 39,250.000 0.018 0.508 43,750.00 19,931.62 (12,679,500.000 ) (9,789,229.88) 10,017,776.72 (457,000,000.000 ) (8,782,550.21) 9,383,983.57 12,679,500.000 9,789,229.88 (10,508,627.69) 457,000,000.000 8,782,550.21 (9,844,682.36) 71,000.000 (1.000) 0.00 0.594 42,156.25 Quantity Cost Per Unit Amount Amount 479.26 Account Page 18 of 28 Consolidated Statement Page 21 EFTA01539154 FINANCIAL TRUST COMPANY INC ACCT. For the Period 12/1/11 to 12/31/11 INFLOWS & OUTFLOWS Type Settle Date Selection Method 12/19 12/19 12/23 Name Change Name Change Foreign Interest Description ING CAPITAL FUNDING TRUSTS III 8.439% PFD STK DEC 31 2049 DTD 12/15/2000 TO REDESCRIPTION (ID: 44978N-AA-3) ING CAP FUNDING TRST III FLOATING RATE NOTE DEC 29 2049 DTD 12/15/2000 ELECTED BONDS - EXP 12/20/2011 FROM REDESCRIPTION (ID: 44999A-K3-6) ING CAP FUNDING TRST III FLOATING RATE NOTE DEC 29 2049 DTD 12/15/2000 ELECTED BONDS - EXP 12/20/2011 @ 0.009259 PER SHARE (ID: 44999A-K3-6) 12/29 Interest Income Total Inflows & Outflows PUBLIC STORAGE 6.35% PFD @ 0.396875 PER SHARE (ID: 74460D-12-5) 16,000.000 0.397 6,350.00 ($815,732.70) 2,500,000.000 2,445,620.28 2,500,000.000 0.009 23,149.93 Quantity Cost Per Unit Amount (2,500,000.000 ) (2,445,620.28) Amount Account Page 19 of 28 Consolidated Statement Page 22 EFTA01539155 FINANCIAL TRUST COMPANY INC ACCT. For the Period 12/1/11 to 12/31/11 TRADE ACTIVITY Note: Trade Date Settle Date 7/13 12/2 S indicates Short Term Realized Gain/Loss C indicates Currency Gain/Loss * Settled transaction was initiated in prior statement period and settled in current statement period Type Selection Method Description Settled Sales/Maturities/Redemptions Sale FIFO CORN LONG FORWARD CONTRACT 2,041,825.00 USD NOTIONAL 67.00 NOTIONAL CONTRACTS (335K BSH) 6.095 FORWARD RATE 12/02/2011 MATURITY DEAL 40996151 COMMODITY FORWARD EXPIRATION JPMORGAN CHASE BANK (ID: CFCONT-GJ-3) 12/2 12/7 12/2 12/7 12/7 12/9 12/7 12/12 12/7 12/13 12/8 12/13 12/8 12/13 Sale FIFO Sale FIFO Sell Option FIFO Sale FIFO Sale FIFO Sale FIFO Sale FIFO ENBRIDGE ENERGY PARTNERS L P UNIT OF LIMITED EFTA01539156 PARTNERSHIP INT @ 30.50 38,125.00 BROKERAGE 100.00 TAX WOR SEC .74 J.P. MORGAN SECURITIES LLC (ID: 29250R-10-6) RETAIL OPPORTUNITY INVESTMENTS CORP. COM @ 11.20 12,320.00 BROKERAGE 100.00 TAX &/OR SEC .24 J.P. MORGAN SECURITIES LLC (ID: 76131N-10-1) EUR PUT USD CALL FX EUROPEAN STYLE OPTION DEC (14,814,814.810 ) 12, 2011 @ 1.35 KO @ 1.2775 RESALE OF PURCHASED FX OPTION (ID: XEURPB-SD-Z) DOLLAR GENERAL CORP @ 39.10 459,425.00 BROKERAGE 587.50 TAX &/OR SEC 8.83 J.P. MORGAN SECURITIES LLC (ID: 256677-10-5) BANKRATE INC @ 18.17 28,617.75 BROKERAGE 100.00 TAX &/OR SEC .55 J.P. MORGAN SECURITIES LLC (ID: 06647F-10-2) CLEARWIRE CORP NEW CL A @ 2.10233 315,349.50 BROKERAGE 7,500.00 TAX &/OR SEC 6.06 J.P. MORGAN SECURITIES LLC (ID: 185380-10-5) ENTERPRISE PRODUCTS PARTNERS L P @ 44.66 66,990.00 BROKERAGE 100.00 TAX &/OR SEC 1.29 J.P. MORGAN SECURITIES LLC (ID: 293792-10-7) Account Page 20 of 28 Consolidated Statement Page 23 (1,500.000) 44.592 66,888.71 (67,020.00) (131.29) S (150,000.000) 2.052 307,843.44 (300,000.00) 7,843.44 S (1,575.000) 18.106 28,517.20 (27,562.50) 954.70 S (11,750.000) 39.049 458,828.67 (458,250.00) 578.67 S 0.009 140,000.00 (100,000.00) 40,000.00 C (1,100.000) 11.109 12,219.76 (11,935.00) EFTA01539157 284.76 S (1,250.000) 30.419 38,024.26 (38,562.50) (538.24) S Quantity Per Unit Amount (1.000) 232,825.00 Proceeds 232,825.00 Tax Cost 0.00 Realized Gain/Loss 232,825.00 S* EFTA01539158 FINANCIAL TRUST COMPANY INC ACCT. For the Period 12/1/11 to 12/31/11 Trade Date Settle Date 12/9 Type Selection Method Description Settled Sales/Maturities/Redemptions Sale 12/14 12/13 12/16 12/14 12/19 12/15 12/20 12/15 12/20 12/15 12/20 12/16 12/21 12/16 12/21 FIFO Sale FIFO Sale FIFO Sale FIFO Sale FIFO Sale FIFO Sale FIFO Sale FIFO MEMORIAL PRODUCTION PARTNERS @ 18.814 42,331.50 BROKERAGE 112.50 TAX &/OR SEC .82 J.P. MORGAN SECURITIES LLC (ID: 586048-10-0) PIONEER SOUTHWEST ENERGY PARTNERS LP @ 28.87755 64,974.49 BROKERAGE 112.50 TAX &/OR SEC 1.25 J.P. MORGAN SECURITIES LLC (ID: 72388B-10-6) UNITS - MARKWEST ENERGY PARTNERS L P @ 54.00 170,100.00 BROKERAGE 157.50 TAX &/OR SEC 3.27 J.P. MORGAN SECURITIES LLC (ID: 570759-10-0) MICHAEL KORS HOLDINGS LTD @ 24.8476 186,357.00 BROKERAGE 375.00 TAX &/OR SEC 3.58 J.P. MORGAN SECURITIES LLC (ID: G60754-10-1) EFTA01539159 ARIAD PHARMACEUTICALS INC @ 10.97955 49,407.98 BROKERAGE 225.00 TAX &/OR SEC .95 J.P. MORGAN SECURITIES LLC (ID: 04033A-10-0) LAREDO PETROLEUM HOLDINGS IN @ 17.28 62,208.00 BROKERAGE 180.00 TAX &/OR SEC 1.20 J.P. MORGAN SECURITIES LLC (ID: 516806-10-6) INERGY MIDSTREAM LP @ 16.70 37,575.00 BROKERAGE 112.50 TAX &/OR SEC .73 J.P. MORGAN SECURITIES LLC (ID: 45671U-10-6) ZYNGA INC @ 10.60622 63,637.32 BROKERAGE 300.00 TAX &/OR SEC 1.23 J.P. MORGAN SECURITIES LLC (ID: 98986T-10-8) (6,000.000) 10.556 63,336.09 (60,000.00) 3,336.09 S (2,250.000) 16.65 37,461.77 (38,250.00) (788.23) S (3,600.000) 17.23 62,026.80 (61,200.00) 826.80 S (4,500.000) 10.929 49,182.03 (46,890.00) 2,292.03 S (7,500.000) 24.797 185,978.42 (150,000.00) 35,978.42 S (3,150.000) 53.949 169,939.23 (170,887.50) (948.27) S (2,250.000) 28.827 64,860.74 (65,700.00) (839.26) S Quantity (2,250.000) Per Unit Amount EFTA01539160 18.764 Proceeds 42,218.18 Tax Cost (42,750.00) Realized Gain/Loss (531.82) S Account Page 21 of 28 Consolidated Statement Page 24 EFTA01539161 FINANCIAL TRUST COMPANY INC ACCT. For the Period 12/1/11 to 12/31/11 Trade Date Settle Date 12/23 12/23 Type Selection Method Description Settled Sales/Maturities/Redemptions Sale FIFO ING CAP FUNDING TRST III FLOATING RATE NOTE DEC 29 2049 DTD 12/15/2000 ELECTED BONDS - EXP 12/20/2011 HOLDERS RECEIVE $800.00 IN TENDER PROCEEDS, PLUS $9.25997333 IN ACCRUED INTEREST PER $1,000 P.A. OF BONDS HELD OF CUSIP 44978NAA3. (ID: 44999A-KJ-6) 12/28 12/30 Sell Option FIFO EUR PUT USD CALL FX EUROPEAN STYLE OPTION JAN (15,296,367.110 ) 13, 2012 @ 1.3075 KO @ 1.245 RESALE OF PURCHASED FX OPTION (ID: XEURPB-ST-Z) Total Settled Sales/Maturities/Redemptions $4,104,150.30 ($4,184,627.78) ($164,477.48) S $84,000.00 C 0.009 144,000.00 (100,000.00) 44,000.00 C Quantity (2,500,000.000 ) Per Unit Amount 80.00 Proceeds 2,000,000.00 Tax Cost (2,445,620.28) Realized Gain/Loss (445,620.28) S Trade Date Settle Date Type Description Settled Securities Purchased 12/2 EFTA01539162 Purchase 12/7 12/1 12/7 12/7 12/12 12/7 12/12 Purchase Purchase Purchase ENBRIDGE ENERGY PARTNERS L P UNIT OF LIMITED PARTNERSHIP INT @ 30.85 J.P. MORGAN SECURITIES LLC (ID: 29250R-10-6) RETAIL OPPORTUNITY INVESTMENTS CORP. COM @ 10.85 J.P. MORGAN SECURITIES LLC (ID: 76131N-10-1) BANKRATE INC @ 17.50 J.P. MORGAN SECURITIES LLC (ID: 06647F-10-2) DOLLAR GENERAL CORP @ 39.00 J.P. MORGAN SECURITIES LLC (ID: 256677-10-5) 1,575.000 11,750.000 17.50 39.00 (27,562.50) (458,250.00) 1,100.000 10.85 (11,935.00) Quantity 1,250.000 Per Unit Amount 30.85 Market Cost (38,562.50) Account Page 22 of 28 Consolidated Statement Page 25 EFTA01539163 FINANCIAL TRUST COMPANY INC ACCT. For the Period 12/1/11 to 12/31/11 Trade Date Settle Date Type Settled Securities Purchased 12/8 Purchase 12/13 12/8 12/13 12/9 12/14 12/13 12/15 12/13 12/16 12/14 12/19 12/15 12/20 12/15 12/20 12/15 12/20 12/15 12/21 12/15 12/21 Purchase Purchase Purchase Purchase Purchase Purchase Purchase Total Settled Securities Purchased Purchase Purchase Description CLEARWIRE CORP NEW CL A @ 2.00 J.P. MORGAN SECURITIES LLC (ID: 18538Q-10-5) ENTERPRISE PRODUCTS PARTNERS L P @ 44.68 J.P. MORGAN SECURITIES LLC (ID: 293792-10-7) MEMORIAL PRODUCTION PARTNERS @ 19.00 J.P. MORGAN SECURITIES LLC (ID: 586048-10-0) Purchase Option EUR PUT USD CALL FX EUROPEAN STYLE OPTION JAN 13, 2012 @ 1.3075 KO @ 1.245 PURCHASED FX OPTION PUT 15,296,367.11 EUR CALL 20,000,000.00 USD (ID: XEURPB-ST-Z) PIONEER SOUTHWEST ENERGY PARTNERS LP @ 29.20 EFTA01539164 J.P. MORGAN SECURITIES LLC (ID: 723886-10-6) UNITS - MARKWEST ENERGY PARTNERS L P @ 54.25 J.P. MORGAN SECURITIES LLC (ID: 570759-10-0) MICHAEL KORS HOLDINGS LTD @ 20.00 J.P. MORGAN SECURITIES LLC (ID: G60754-10-1) ARIAD PHARMACEUTICALS INC @ 10.42 J.P. MORGAN SECURITIES LLC (ID: 04033A-10-0) LAREDO PETROLEUM HOLDINGS IN @ 17.00 J.P. MORGAN SECURITIES LLC (ID: 516806-10-6) INERGY MIDSTREAM LP @ 17.00 J.P. MORGAN SECURITIES LLC (ID: 45671U-10-6) ZYNGA INC @ 10.00 J.P. MORGAN SECURITIES LLC (ID: 98986T-10-8) 2,250.000 3,150.000 7,500.000 4,500.000 3,600.000 2,250.000 6,000.000 29.20 54.25 20.00 10.42 17.00 17.00 10.00 (65,700.00) (170,887.50) (150,000.00) (46,890.00) (61,200.00) (38,250.00) (60,000.00) ($1,639,007.50) Quantity 150,000.000 1,500.000 2,250.000 15,296,367.110 Per Unit Amount 2.00 44.68 19.00 0.007 Market Cost (300,000.00) (67,020.00) (42,750.00) (100,000.00) EFTA01539165 Account Page 23 of 28 Consolidated Statement Page 26 EFTA01539166 FINANCIAL TRUST COMPANY INC ACCT. For the Period 12/1/11 to 12/31/11 Trade Date Type Est. Settle Date Selection Method Description Pending Sales, Maturities, Redemptions Sale 12/29 1/4 PUBLIC STORAGE 6.35% PFD (ID: 74460D-12-5) Quantity (16,000.000) Per Unit Amount 26.85 Proceeds 428,791.75 Tax Cost (400,000.00) Realized Gain/Loss 28,791.75 S Account Page 24 of 28 Consolidated Statement Page 27 EFTA01539167 FINANCIAL TRUST COMPANY INC ACCT. For the Period 12/1/11 to 12/31/11 Portfolio Activity Summary - Argentine Peso Beginning Cash Balance US Dollar Value Current Transactions Income INFLOWS Total Inflows Ending Cash Balance * Year to date information is calculated on a calendar year basis. Your account's standing instructions use a FIRST IN, FIRST OUT method for relieving assets from your position Portfolio Activity Detail - Argentine Peso INFLOWS & OUTFLOWS Per Unit Type Settle Date Selection Method 12/30 Foreign Interest Description REPUBLIC OF ARGENTINA - ARS FLOATING RATE NOTE DEC 15 2035 DTD 11/01/2005 HELD BY EUROCLEAR ISIN ARARGEO3E147 SEDOL B1MYWX3 AS OF 12/15/11 (ID: EC0698-9B-7) Quantity 10,000,000.000 Amount USD Local Value 0.014 0.06 Amount USD Local Value 138,349.11 595,420.00 Currency Gain/Loss USD Period Value -138,349.11 $138,349.11 -Year-To-Date Value* -138,349.11 $138,349.11 -Local Value Current Period Value 0.00 595,420.00 EFTA01539168 595,420.00 595,420.00 Year-To-Date Value* -595,420.00 595,420.00 -Account Page 25 of 28 Consolidated Statement Page 28 EFTA01539169 FINANCIAL TRUST COMPANY INC ACCT. For the Period 12/1/11 to 12/31/11 Portfolio Activity Summary - Indian Rupee Beginning Cash Balance US Dollar Value Current Transactions INFLOWS Total Inflows Foreign Exchange - Inflows OUTFLOWS ** Total Outflows Period Value -8,782,550.21 $8,782,550.21 Foreign Exchange - Outflows Ending Cash Balance * Year to date information is calculated on a calendar year basis. ** Your account's standing instructions use a FIRST IN, FIRST OUT method for relieving assets from your position Portfolio Activity Detail - Indian Rupee INFLOWS & OUTFLOWS Per Unit Type Settle Date Selection Method 12/9 12/9 FX Fwd Contract FX Fwd Contract Total Inflows & Outflows Account Page 26 of 28 Description SETTLE FORWARD CURRENCY CONTRACT BUY INR SELL USD CONTRACT RATE : 46.421000000 TRADE 9/07/11 VALUE 12/09/11 (ID: OINRPR-AA-8) SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL INR CONTRACT RATE : 48.700000000 TRADE 9/19/11 VALUE 12/09/11 (ID: OINRPR-AA-8) $0.00 ($460,698.79) Consolidated Statement Page 29 9,383,983.570 (8,782,550.21) (457,000,000.00) 601,433.36 Quantity (9,844,682.360 ) Amount USD Local Value Amount USD EFTA01539170 Local Value 8,782,550.21 457,000,000.00 Currency Gain/Loss USD (1,062,132.15) (8,782,550.21) ($8,782,550.21) -Year-To-Date Value* -48,780,467.64 $48,780,467.64 (48,971,865.14) ($48,971,865.14) -Local Value Current Period Value 0.00 457,000,000.00 457,000,000.00 (457,000,000.00) (457,000,000.00) 0.00 Year-To-Date Value* -2,285,000,000.00 2,285,000,000.00 (2,285,000,000.00 ) (2,285,000,000.00 ) EFTA01539171 FINANCIAL TRUST COMPANY INC ACCT. For the Period 12/1/11 to 12/31/11 Portfolio Activity Summary - Singapore Dollar Beginning Cash Balance US Dollar Value Current Transactions INFLOWS Total Inflows Foreign Exchange - Inflows OUTFLOWS ** Total Outflows Period Value -9,789,229.88 $9,789,229.88 Foreign Exchange - Outflows Ending Cash Balance * Year to date information is calculated on a calendar year basis. ** Your account's standing instructions use a FIRST IN, FIRST OUT method for relieving assets from your position Portfolio Activity Detail - Singapore Dollar INFLOWS & OUTFLOWS Per Unit Type Settle Date Selection Method 12/9 12/9 FX Fwd Contract FX Fwd Contract Total Inflows & Outflows Account Page 27 of 28 Description SETTLE FORWARD CURRENCY CONTRACT BUY SGD SELL USD CONTRACT RATE : 1.206580000 TRADE 9/07/11 VALUE 12/09/11 (ID: OSGDPR-AA-5) SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL SGD CONTRACT RATE : 1.265700000 TRADE 9/19/11 VALUE 12/09/11 (ID: OSGDPR-AA-5) $0.00 ($490,850.97) Consolidated Statement Page 30 10,017,776.720 (9,789,229.88) (12,679,500.00) 228,546.84 Quantity (10,508,627.690 ) Amount USD Local Value Amount USD EFTA01539172 Local Value 9,789,229.88 12,679,500.00 Currency Gain/Loss USD (719,397.81) (9,789,229.88) ($9,789,229.88) -Year-To-Date Value* -40,824,985.92 $40,824,985.92 (41,063,063.66) ($41,063,063.66) -Local Value Current Period Value 0.00 12,679,500.00 12,679,500.00 (12,679,500.00) (12,679,500.00) 0.00 Year-To-Date Value* -50,718,000.00 50,718,000.00 (50,718,000.00) (50,718,000.00) EFTA01539173 FINANCIAL TRUST COMPANY INC ACCT. For the Period 12/1/11 to 12/31/11 Settled Foreign Exchange Contracts Currency Trade Date Settle Date Counter Currency Speculative INDIAN RUPEE U S DOLLAR SINGAPORE DOLLAR U S DOLLAR INDIAN RUPEE U S DOLLAR SINGAPORE DOLLAR U S DOLLAR Sep. 7 11 Dec. 9 11 Sep. 7 11 Dec. 9 11 Sep. 19 11 Dec. 9 11 Sep. 19 11 Dec. 9 11 INR USD SGD USD USD SGD USD 457,000,000.00 (9,844,682.36) 12,679,500.00 (10,508,627.69) INR (457,000,000.00) 9,383,983.57 (12,679,500.00) 10,017,776.72 46.421000 1.206580 48.700000 1.265700 52.035000 1.295250 52.035000 1.295250 (9,844,682.36) (10,508,627.69) 9,383,983.57 10,017,776.72 8,782,550.21 EFTA01539174 9,789,229.88 (8,782,550.21) (9,789,229.88) (1,062,132.15) (719,397.81) 601,433.36 228,546.84 Amount Counter Amount Contract Rate Revaluation Rate Contracted Base Amount USD Revalued Amount USD Currency G/L Account Page 28 of 28 Consolidated Statement Page 31 EFTA01539175 J.P. Morgan Securities LLC FINANCIAL TRUST COMPANY INC 383 Madison Avenue, New York, NY 10179 ACCT. For the Period 12/1/11 to 12/31/11 Margin Account J.P. Morgan Team Paul Morris Paul Barrett Janet Young Gina Magliocco Online access Banker Investment Specialist Client Service Team Client Service Team www.MorganOnline.com Transactions cleared and carried through J.P. Morgan Clearing Corp. Three Chase Metrotech Center, Brooklyn, NY 11245-0001, (347) 643-2578 Please see disclosures located at the end of this statement package for important information relating to each J.P.Morgan account(s). Table of Contents Account Summary Holdings Equity Cash & Fixed Income Portfolio Activity Page 2 4 5 7 Account Page 1 of 8 Consolidated Statement Page 32 EFTA01539176 FINANCIAL TRUST COMPANY INC Account Summary MARGIN Cash Asset Allocation Equity Cash & Fixed Income Market Value Market Value 0.00 0.00 $0.00 Margin Market Value 0.00 299,682.94 $299,682.94 Current Portfolio Activity Beginning Market Value Contributions Withdrawals & Fees Securities Transferred In Securities Transferred Out Net Contributions/Withdrawals Income & Distributions Change In Investment Value Ending Market Value ($30.92) 2,340.00 $299,802.94 (30.92) Period Value 297,493.86 Short Market Value (25,785.00) 25,905.00 $120.00 Year-to-Date Value 5,750,323.03 598,320.00 (5,935,648.87) 11,788,000.00 (11,786,500.00) ($5,335,828.87) (1,580.16) (113,111.06) $299,802.94 Total EFTA01539177 (25,785.00) 325,587.94 Estimated Current Market Value Annual Income Allocation (2,568.00) $299,802.94 ($2,568.00) 100% 100% ACCT. For the Period 12/1/11 to 12/31/11 Account Page 2 of 8 Consolidated Statement Page 33 EFTA01539178 FINANCIAL TRUST COMPANY INC Account Summary Tax Summary Foreign Dividends Taxable Income CONTINUED Current Period Value Year-to-Date Value (1,580.16) ($1,580.16) ST Realized Gain/Loss Realized Gain/Loss Current Period Value Year-to-Date Value 603,844.31 $603,844.31 ACCT. For the Period 12/1/11 to 12/31/11 Unrealized Gain/Loss To-Date Value $4,294.63 Cost Summary Equity Cash & Fixed Income Total 325,587.94 Cost $295,508.31 (30,079.63) Investment Objectives Speculation Permitted Capital Appreciation Yes Yes Account Page 3 of 8 Consolidated Statement Page 34 EFTA01539179 FINANCIAL TRUST COMPANY INC Equity Summary Asset Categories Non-US Equity Beginning Market Value (28,125.00) Ending Market Value (25,785.00) Change In Value 2,340.00 Current Allocation ACCT. For the Period 12/1/11 to 12/31/11 Current Market Value/Cost Market Value Tax Cost Unrealized Gain/Loss Estimated Annual Income Equity Detail Price Non-US Equity TELEFONICA S A SPONS ADR 879382-20-8 TEF Quantity Account Value Adjusted Tax Cost Original Cost Unrealized Gain/Loss Est. Annual Inc. Accrued Div. Yield Period Value (25,785.00) (30,079.63) 4,294.63 (2,568.00) 17.19 (1,500.000) Short (25,785.00) (30,079.63) 4,294.63 (2,568.00) EFTA01539180 9.96% Account Page 4 of 8 Consolidated Statement Page 35 EFTA01539181 FINANCIAL TRUST COMPANY INC Cash & Fixed Income Summary Beginning Asset Categories Cash Market Value 325,618.86 ACCT. For the Period 12/1/11 to 12/31/11 Ending Market Value 325,587.94 Change In Value (30.92) Current Allocation 100% Current Market Value/Cost Market Value Tax Cost SUMMARY BY MATURITY 1 Cash & Fixed Income 0-6 months 1 Period Value 325,587.94 325,587.94 SUMMARY BY TYPE Market Value 325,587.94 % of Bond Portfolio 100% The years indicate the number of years until the bond is scheduled to mature based on the statement end date. Some bonds may be called, or paid in full, before their stated maturity. Cash & Fixed Income Cash Market Value 325,587.94 % of Bond Portfolio 100% Account Page 5 of 8 Consolidated Statement Page 36 EFTA01539182 EFTA01539183 FINANCIAL TRUST COMPANY INC ACCT. For the Period 12/1/11 to 12/31/11 Cash & Fixed Income Detail Quantity Price Cash US DOLLAR US DOLLAR Total Cash 1.00 1.00 299,682.94 Margin 25,905.00 Short 299,682.94 25,905.00 $325,587.94 299,682.94 25,905.00 $325,587.94 $0.00 $0.00 0.00% Account Value Adjusted Tax Cost Original Cost Unrealized Gain/Loss Est. Annual Income Accrued Interest Yield Account Page 6 of 8 Consolidated Statement Page 37 EFTA01539184 FINANCIAL TRUST COMPANY INC ACCT. For the Period 12/1/11 to 12/31/11 Portfolio Activity Summary Beginning Cash Balance Transactions Income INFLOWS (1,580.16) Contributions Total Inflows OUTFLOWS ** Withdrawals Short Fees Charged Total Outflows TRADE ACTIVITY Settled Sales/Maturities/Redemptions Settled Securities Purchased Option Premium Offset Total Trade Activity Ending Cash Balance $0.00 $325,587.94 * Year to date information is calculated on a calendar year basis. ** Your account's standing instructions use a FIRST IN, FIRST OUT method for relieving assets from your position 5,690,679.04 (56,110.11) (644.99) $5,633,923.94 -(30.92) ($30.92) $0.00 598,320.00 $596,739.84 (5,935,573.03) (75.84) ($5,935,648.87) Current Period Value 325,618.86 Year-To-Date Value* -Account Page 7 of 8 Consolidated Statement Page 38 EFTA01539185 FINANCIAL TRUST COMPANY INC ACCT. For the Period 12/1/11 to 12/31/11 Portfolio Activity Detail INFLOWS & OUTFLOWS Type Settle Date Selection Method 12/5 12/5 12/19 12/19 12/21 12/27 12/27 Description Mark to Market Adj MARK TO MARKET SHORT POS SUB-ACCOUNT: SHT Mark to Market Adj MARK TO MARKET SUB-ACCOUNT: MGN Mark to Market Adj MARK TO MARKET SUB-ACCOUNT: MGN Mark to Market Adj MARK TO MARKET SHORT POS SUB-ACCOUNT: SHT SHORT DEBIT FEE 11/21-12/20 SUB-ACCOUNT: MGN Misc Debit Mark to Market Adj MARK TO MARKET SHORT POS SUB-ACCOUNT: SHT Mark to Market Adj MARK TO MARKET SUB-ACCOUNT: MGN Total Inflows & Outflows Quantity Cost Per Unit Amount Amount 2,325.00 (2,325.00) 2,880.00 (2,880.00) (30.92) 960.00 (960.00) ($30.92) Account Page 8 of 8 Consolidated Statement Page 39 EFTA01539186 For the Period 12/1/11 to 12/31/11 For your convenience we have combined statement(s) for activity you conduct through J.P. Morgan in one package. Below are important disclosures relating to these different accounts. These statements may relate to various account types. Some of the disclosures are applicable to all of your accounts. For ease of reference the disclosures applicable to a particular type of account have been grouped together by descriptive headers. IMPORTANT GENERAL INFORMATION APPLICABLE TO ALL OF YOUR ACCOUNT(S) Important Information about Pricing ,Valuations, Estimated Annual Income, and Estimated Yield Market value information (including without limitation, prices, exchange rates, accrued income and bond ratings) furnished herein, some of which has been provided by pricing sources that J.P. Morgan believes to be reliable, is not guaranteed for accuracy but provided for informational purposes and is furnished for the exclusive use of the client. The current price is the value of the financial asset share, unit or contract as priced at the close of the market on the last day of the statement period or the last available price. All values provided for structured yield deposits (for example, JPMorgan London Time Deposits) reflect the original deposit amount only. The value for Real Estate, Mineral Interests and Miscellaneous Assets may not reflect the most current value of the asset. Certain assets including but not limited to, pooled and private investments, non-publicly traded and infrequently traded securities, derivatives, partnership interests and tangible assets are generally illiquid, the value of such asset may have been provided to us by third parties who may or may not be independent of the issuer or manager. Such information is reflected as of the last date provided to us, and is not independently verified. Important information regarding Auction Rate Securities (ARS). ARS are debt or preferred securities with an interest or dividend rate reset periodically in an auction. Although there may be daily, weekly and monthly resets, there is no guarantee that there will be liquidity. If there are not enough bids at an auction to redeem the securities available for sale, the result may be a failed auction. In the event of a failed auction, there is no assurance that a secondary market will develop or that the security will trade at par or any other price reflected on statements and online. Accordingly, investors should not rely on pricing information appearing in their statements or online with respect to ARS. Where J.P. Morgan was unable to obtain a price from an outside service for a particular ARS, the price column on your statement and online will indicate "$0.00" which should not be relied on as the price at which ARS would trade. J.P.