EFTA00791793.pdf

MILLENNIUM 2001 Spring Road, Suite 700 Oak Brook, Illinois 60523 630.368.5600 TRUST COMPANY' For the Account of: CHOMSKY IRAT. AVRAM Account Number:: Traditional IRA OCTOBER 1. 2017 Through DECEMBER 31, 2017 AVRAM CHOMSKY If you have any questions please contact your Investment Advisor Bainco International Investors IMPORTANT TAX NOTICE: If your Account Type is an Individual Retirement Account (IRA), this information is being furnished to the Internal Revenue Service (IRS) on Form 5498 by May 31: the December 31 fair market value (FMV) of your IRA as listed on the Ending Balance or Ending Value at Market on this statement: and if your IRA holds certain specified assets which typically do not have a readily available FMV, the type of investment and the FMV listed under Alternative Investments in the Portfolio Detail section of this statement. If you are subject to required minimum distributions (RMDs), the RMD requirement will also be reported to the IRS on Form 5498. Since we are providing you with the reportable information in this yearend statement, you will not receive a Form 5498 Copy B unless your IRA also had reportable contributions including rollovers, recharacterizations or conversions. You may review Form 5498 at www.irs.aov. Page 1 of 7 EFTA00791793  MILLENNIUM 2001 Spring Road, Suite 700 Oak Brook, Illinois 60523 630.368.5600 TRUST COMPANY For the Account of: CHOMSKY IRAT. AVRAM Account Number: Traditional IRA OCTOBER 1. 2017 Through DECEMBER 31, 2017 Portfolio Summary Asset Allocation Market Value Y. Total 12/31/2017 Assets ALTERNATIVE INVESTMENTS $75.000.00 100.00 Total Assets $75,000.00 100.00 la Alternative hvestments Account Activity Summary Current Period Beginning Value at Market $75,000.00 Securities Delivered $0.00 Realized Gain/Loss $0.00 Change in Investment Value $0.00 Ending Value at Market $75,000.00 Page 2 of 7 EFTA00791794  MILLENNIUM 2001 Spring Road, Suite 700 Oak Brook, Illinois 60523 630.368.5600 TRUST C0MPANY° For the Account of: CHOMSKY IRAT. AVRAM Account Number: : Traditional IRA OCTOBER 1. 2017 Through DECEMBER 31, 2017 Portfolio Detail as of 12131/2017 Description % of Symbol Quantity Unit Price Cost Market Value Unrealized Portfolio Price Date Gain/Loss ALTERNATIVE INVESTMENTS - 100.00% LPS 8 LLCS 372 RAD CVT II LP 33.333 2.5000 $10.000.0000 11/27/17 $25.000.00 $25.000.00 $0.00 372 RFID CVT LP 66.667 50,000.0000 $1.0000 07/20/17 $50.000.00 $50.000.00 $0.00 TOTAL ALTERNATIVE INVESTMENTS $75,000.00 $75,000.00 $0.00 Grand Total All Assets 100.00 $75,000.00 $75,000.00 $0.00 Assets which are not priced on a daily basis will display the last price or valuation date available. Publicly traded securities will not display a price date as they generally price on a daily basis. Other assets such as Certificates of Deposit and Promissory Notes which are valued at current face value will also not display a price date. Page 3 of 7 EFTA00791795 MILLENNIUM 2001 Spring Road, Suite 700 Oak Brook, Illinois 60523 630.368.5600 TRUST C0MPANY° For the Account of: CHOMSKY IRAT. AVRAM Account Numbeu Traditional IRA OCTOBER 1. 2017 Through DECEMBER 31, 2017 Transaction History Date Transaction Settle Trade Description Quantity Unit Cash Amount Cost Basis Type Date Date Price No Transactions for the Statement Period. Page 4 of 7 EFTA00791796  MILLENNIUM 2001 Spring Road, Suite 700 Oak Brook, Illinois 60523 630.368.5600 TRUST COMPANY' For the Account of: CHOMSKY IRAT. AVRAM Account Numbers Traditional IRA OCTOBER 1. 2017 Through DECEMBER 31, 2017 Features of your Statement Account/Portfolio Summary -A snapshot of your account's current value grouped by asset class. Account Activity Summary - A summary of activity in your account for the current reporting and year-to-date periods. Realized Gain/Loss Summary (if applicable) - A summary of all the gains or losses for a calendar year, separated into long term and short term. Glossary Asset Class - Cash and securities in your account are grouped into various classes to reflect the diversification of your portfolio. Asset Pending Recovery ("APR") - An asset currently involved in litigation, receivership or bankruptcy. where Millennium has received information that a current value cannot be provided but the asset does not appear to be worthless and a future payout or recognized value is anticipated. Change in Investment Value - The change between statement periods in Total Unrealized Gain/Loss as reported on the Portfolio Detail/Account Detail Section of the statement. The change is calculated as the difference between the Unrealized Gain/Loss reported on the current statement and the Unrealized Gain/Loss reported on the previous period statement. Cost Basis - The cost is usually the value of a security when it was acquired. The initial cost may have been revised for certain types of activity such as dividend reinvestments. bond amortization or other miscellaneous adjustments. Description - In the Account/Portfolio Detail section. the description is name of the security. Under Transaction History, the description includes the type of transaction, name of the security and additional comments. Long-term Gain/Loss - The amount of long-term gain/loss on a sale, redemption, maturity or distribution. If the trade date of the sale is more than one year after the trade date of the purchase you have a long-term gainrioss. Market Value - The value of a security position in your account based on the Quantity and Unit Price. Memo Transactions - Notifications of actions taken by Millennium Trust that do not directly affect the balance of your account. Quantity - The number of shares. face value or units. Short-term Gain/Loss - The amount of short-term gain/loss on a sale, redemption, maturity or distribution. If the trade date of the sale is less than one year after the trade date of the purchase you have a short-term gain/loss. Settle Date - The date the executed securities transaction was settled. by paying for a purchase or by delivering a sold asset. Trade Date - The date on which a security was purchased or sold. Unconfirmed Transactions - Represents transactions where, based on your direction. funds have been sent to the investment sponsor for purchase of an asset, or an asset is transferring and reregistering to Millennium from a prior custodian, and confirmation of this action has not yet been received from the investment sponsor as of the date of this statement. This is effective only for purchases or reregistrations initiated after 3/31/2013. Transactions prior to this date will not be displayed in this section. however. that does not indicate that we have received a confirmation. Unrealized Gain/Loss - An increase (or decrease) in the value of a security that has not been realized because the security hasn't been sold. A security's unrealized appreciation or depreciation figures are valuable because such information may help you determine tax implications on selling a security. Page 5 of 7 EFTA00791797 ri• MILLENNIUM TRUST COMPANY' 2001 Spring Road, Suite 700 Oak Brook, Illinois 60523 630.368.5600 For the Account of: CHOMSKY IRAT. AVRAM Account Number: : Traditional IRA OCTOBER 1.2017 Through DECEMBER 31, 2017 Please read the following carefully as it contains important information about this statement and your account. Also read and consult your Custodial Agreement for the terms that govem your account with Millennium Trust Company. LLC (Millennium). A copy is available on our website for your convenience. 1. Please review your statement carefully and notify us immediately if you believe there is an efforts). You have forty-five (45) days after either (a) the date your paper statement is mailed or (b) your statement is posted online to file any written objections or exceptions with us. If no action is taken within the forty-five (45) day period, it signifies your approval of the statement and precludes you from making future objections or exceptions regarding the statement. Such approval by you shall be full acquittance. release and discharge of Millennium regarding the transactions and information on your statement. 2. For publicly-traded securities, the values shown represent the closing prices on the last business day of the statement period. These values are obtained from quotation services and other sources which we deem reliable, but Millennium cannot guarantee their accuracy. Brokerage accounts are valued at the total asset value in the account supplied by the brokerage firm. 3. Alternative assets are more difficult to value than marketable securities. The valuation is dependent upon information from the investment itself, and will most often be a valuation furnished to Millennium by the investment sponsor. These valuations. the accuracy of which we cannot guarantee, are received at various frequencies and times throughout the year. so they may not reflect the value as of the end of the statement period. If no current valuation is available, then the asset will be valued at the original cost or last value supplied to us as of the date shown on the statement. Therefore. investors should not rely on Millennium's statements for purposes of making investment decisions. Promissory notes and other private debt instruments are reflected at the face amount of the debt, adjusted for any principal payments received, with no adjustments made for fluctuations in interest rates in the market place. 4. With traditional assets like stocks and bonds, and with alternative assets like futures and foreign exchange. prices fluctuate constantly. Make sure you obtain current prices before trading and keep track of futures and forex investments through the brokers statements, confirmations and online access to the brokerage account rather than Millennium's periodic statements. 5. Millennium, as your custodian. holds evidence of ownership of the investments in your account. When you or an authorized third party directs an investment in an alternative asset. funds are sent from your account to a) a broker to make the directed trade orb) to the seller or the investment itself. Millennium does not take physical possession of assets with the exception of precious metals held in a third-party depository and certain original documents, like promissory notes. When you invest in an entity, like a hedge fund, a limited liability company. or a limited partnership, Millennium, as your custodian. does not hold and is not responsible for the assets of that entity or in which that entity may invest. 6. When you hold a brokerage account in your Millennium custody account, the assets held in the brokerage account will be held by the broker not by Millennium. Thus you will be relying on the broker, not Millennium. to have actual custody of the assets reported within the brokerage statements and confirmations. 7. You are responsible for the choice of the assets in your account. including investments directed by an authorized third party. It is also your responsibility to understand the risks associated with such assets. Millennium a) does not offer any investment management or advice b) has no responsibility to investigate any investment or investment sponsor or c) makes no representations as to and has no responsibility or liability for the safety or performance of any asset held in your account. Agreeing to custody an asset in your account does not constitute an endorsement in any way of that asset. 8. All trading activity on Millennium Trust Online is at your own risk. Please read the Terms of Use carefully before use. You are responsible for a) any errors made in entering information. b) verifying orders are entered and executed correctly and c) to immediately notify Millennium of any issue. You must protect your username and password. You and your account will be liable for actions of any unauthorized party using your user name and password. Millennium is not responsible if for any reason the website and/or Millennium Trust Online are not available. Page 6 of 7 EFTA00791798  MILLENNIUM 2001 Spring Road, Suite 700 Oak Brook, Illinois 60523 630.368.5600 TRUST C0MPANY° For the Account of: CHOMSKY IRAT. AVRAM Account Number: Traditional IRA OCTOBER 1.2017 Through DECEMBER 31, 2017 9. Millennium is not a broker and does not solicit orders for securities trades. All trades for publicly-traded securities for your account. including those through Millennium Trust Online. are placed with and executed by an unaffiliated third•party registered brokerage firm. Investments, including purchases through Millennium Trust Online, cannot be executed if it will create an overdraft in your account. 10. If your account is an IRA, other retirement account or an HSA. all investment transactions, including sales, liquidations and redemptions must be made through Millennium as your custodian in order to avoid adverse tax consequences. If you have a taxable custodial account such transactions must also be made through Millennium, as your custodian, in order for Millennium to properly perform its custodial functions, including issuing statements. 11. If you have a taxable account, the Cost Basis shown on the statement is a cumulative figure. but for tax purposes Millennium will do tax lot accounting on a first in. first out basis. 12. Millennium Trust provides a Cash Sweep Program that offers daily liquidity and competitive interest rates. In a Cash Sweep Program, your uninvested cash is automatically transferred into an interest•bearing account. Your account type determines which cash sweep vehicle is used. To view full details, restrictions and the list of banks and funds participating in the Program. visit our website at www.mtrustcornpany.com. Page 7 of 7 EFTA00791799