EFTA00811948.pdf

Valuation Report 1/31/2019 EFTA00811948  SUMMARY OF ASSETS - JANUARY 31, 2019 12/31/18 1/31/19 $ Asset Value Value Change Cash 75,798,977 64,386,774 (11,412,203) Fixed Income 47,239,211 48,504,739 1,265,528 Equities 109,277,812 115,692,726 6,414,914 Hedge Funds 103,213,747 105,853,201 2,639,454 Investments 52,625,224 56,643,626 4,018,402 Aviation, Automobiles & Boats 18,350,000 18,350,000 - Loans Receivable 17,459,472 17,359,472 (100,000) Fine Arts, Antiques & Jewelry 9,900,000 9,900,000 - Loan Payable - BJAV (20,500,000) (20,500,000) Total Assets 413,364,443 416,190,539 2,826,096 Cash Activity - Items over 50,000 STC IB - Sold 8000 AVGO @ 265.75 2,125,667 Dividends, Interest Income & Other Distributions 136,500 Enhanced DB Sold 2,400 BMY @ 47.50 114,000 David Mitchell Loan Repayment 100,000 Connie Goldberger (50,000) LSJE - 2 Light Towers & 2 Electric cars (55,411) SFL Loans: Larry Visoski 57k (boeing proceeds 29 & loan interest 28) (57,000) Bell Helicopter - Battery, Starter Generator & Pitch Links (62,821) Dave Rodgers Additional Payout of Time from 2018 vs 50,000 salary (92,000) LSJE -JLG 600A Boom Lift (97,676) LSJE -John Deere 6130 Tractor and Loader (112,585) Insurance Premiums (homeowners and car) Zorro, Neptune & NES (117,998) LSJE -Genie 1256 Lull / Telehandler (167,491) Legal Fees -Scott Link (300,000) Miscellaneous (356,986) STC funding of Prytanne LLC (art partnership) (500,000) Seaford Avenue Capital - PB Investment - Auto Debt (1,018,402) Monthly Spending (1,400,000) Valar III Capital Call (2,500,000) Edwards Settlement (7,000,000) Total Cash Activity - Items over 0 NCI (11,412,203) 1 6- EFTA00811949  Deutsche First Banco Pop Wells Morgan ImamIvo TO Asset Description Bank Bank GNP Paribas Fargo Merrill Stanley &nos Aintitriclo Totals Cash Southern Trust Company Inc. 3,994,064 537,857 299,452 3,079,596 8.384.084 16,295.053 The 2017 Catearer Trust 13.653.978 13.653.978 Haze Trust 12,869,961 12,869.961 Southern Financial LLC 3,333.108 100.838 2.262.901 5,696,847 JEE 3,679,006 222,701 7,027 3,908,734 Gratitude America, Ltd. 2.233,088 131.406 1615,043 3,879,536 .03001146 Inc. 3.275,394 7009 3,282,403 LSJE LLC 399.049 326.721 101.102 826.872 FT Real Estate 800.970 800,970 Plan O LLC 563.476 563.476 NES LLC 425,793 425.793 Zorro Management LLC 369.340 369,340 Neptune LLC 363,748 363,748 Southern Country International LT 381,849 361,849 Butterfly Trust 357.420 357.420 Hyperion Air LLC 249,348 249,348 Enhanced Education 1.423 112.016 113,439 JEGE LLC 83,144 83,144 Thomas World Air LLC 64,144 64,144 Nautlus Inc. 53.837 53,837 Great St Jim LLC 46,502 46,502 Madras Transportation Co LLC 23.907 23,907 Freedom Air Petroleum 22,512 22,512 Maple Inc. 21.625 21,625 Laurel Inc. 20,155 20,155 Cypress Inc. 18.825 18.825 JEE • Parts (US Si 7,574 7,574 LSJ LLC 5,150 5,150 FSF LLC 337 337 The JEE life Ins Trust #3 206 206 IGO Company LLC 90 90 Total Cash 45,851,545 2,777,612 314,053 101,102 3,079,596 1,515,043 8,484,922 2,262,901 64,386,774 EFTA00811950  Purchase Quantity 12/31/18 1131119 Unrealized Asset Description Symbo Date Cost Value Value Gain (Loss) FIXED INCOME Haze Trust - Fixed income (DB) Citibank Preferred Ser K 6.875% 2/3/14 79,000 1,999.419 2.071,380 2,054,000 54,581 JP Morgan Chase 7.9% Pfd 4/30/2049 05/10/11 2,160.000 2,395,200 2 52 584 2 173 319 -221,881 TotalHaze Trust - Fixed Income (DB) 4,394,619 4,223,964 4,227,319 -167,299 Gratitude America - Fixed Income (Morgan Stanley) GM Financial 6.5% fixed to 9/30/18 Floats thereafter 9/24/18 250,000 250,000 215,628 226.983 -23,017 Frontier Communications 7.125% Matures 3/15/2019 10/02/17 1,000,000 997.322 993 479 1 011 917 14 595 Total Gratitude America -Fixed Income (Morgan Stanley) 1,247,322 1,209,107 1,238,900 -8,422 Southern Trust Co. - Fixed income (DB) Buckeye Partners Fixed to Boat 6.375% Callable 1/22/23 1/25/18 1,000,000 1,018,741 840,626 871,594 -147,147 Total Southern Trust Co. - Fixed Income (DB) 1,018,741 840,626 871,594 -147,147 Southern Trust Co. - Fixed Income (Merrill) Bank of America 5.88% Pfd 12-31-2049 03/08/18 1,000,000 1,000,000 927.299 972,600 -27 400 Total Southern Trust Co. - Fixed Income (Merrill) 1,000,000 927,299 972,600 -27,400 Southern Trust Co. - Fixed Income (Interactive Brokers) Capital One 5.55% Faced to 9.1.2020 then 380 over 3 no libor 5/14115 3,000,000 3,009,819 3,007,500 3,020,160 10,342 Charles Schwab 6.0% Preferred 525 par 7/27/15 40,000 1,000,000 1,015,600 1,048,800 48,800 Etrade Financial 5.875% fixed to 9-15-2026 then floats 10/11/16 3.000,000 3,123,122 2,785,200 3,000,000 -123,122 Goldman Sachs 5.375% Fixed to 5-10-2020 then 392.2 over 3 no libor 6/4/15 5,000,000 5,034,346 4,867,250 5,006,250 -28,096 NGL Energy Partners 9%525 par 6/6/17 40,000 1,000.000 846,000 920.800 -79 200 Total Southern Trust Co. - Fixed Income (interactive Brokers) 13,167,287 12,521,550 12,996,010 .171,277 Southern Financial LLC - Fixed Income (DB) Assurant Fixed to Float 7% March 2048 3/29/18 2,000,000 2,039,653 1,936,556 1,948,222 -91,431 Citigroup Inc - Series 0 5.95% 8/6/15 3,000,000 3,000,006 2,962,433 3,108,558 108,552 Citizens Communications 7.125% Mar 15 2019 10/3/17 1,000,000 1,000,095 993,479 1,011,917 11,822 COFP 4.407 8/2019 Euro Bond 9/12/18 2,500,000 2,921,428 2,967,039 2,990,360 68,932 Deutsche Bank AG 4.875% exp 12/1/2032 6/1/18 1,000,000 868,256 781,603 851,125 -17,131 Deutsche Bank AG 4.296% exp 5/24/2028 6/1/18 1,000,000 917,776 850,215 895,935 -21,841 Exetsinter LLC 10% July 15 2023 10/24/17 2,000,000 1,940,506 2,002,222 2,008,889 68,383 Exelainter LLC 10% July 15 2023 7/9/18 1,000,000 1,026,197 1,001,111 1,004,445 -21,753 General Electric Co GTD Fixed to Float 4.0% Dec 15 2065 12/3/15 2,469,000 2,175,016 1,582,080 1,689,070 485,946 SMAC Cap TR I GTD Pfd Sec Ser 2 8 2/22/12 80,000 1,882,774 2,028,000 2,088,800 206,026 JIGS Investments 7.25% Apd 3 2024 10/31/17 2,000,000 1,981,300 2,051,062 2,115,265 133,965 JP Morgan Chase & Co Pfd 7.9% April 30 2049 6/15/11 1,100,000 1,179,898 1,096,223 1,106,783 -73,115 JP Morgan Chase & Co Pfd 7.9% April 30 2049 6(15/11 2,500,000 2,669,524 2,491,417 2,515,416 -154,108 Joyds Banking Group Capital 7.5% 12129/49 5/21/13 1,903,000 1,948,500 1,837,600 1,949,782 1,282 Southern Cal Edison 6.25% Dec 31 2049 1/30/12 3,000,000 2.997.261 2.935.625 2.913.750 -83.511 Total Southern Financial LLC - Fixed Income (DB) 28,548,190 27,516,666 28,198,316 -349,873 TOTAL FIXED INCOME 49.376,158 47,239,211 48,504,739 -871,419 EQUITIES Southern Financial LLC - Equities (DB) kmazon AMZN 4/2/18 1.000 1,395,441 1,501,970 1,718,730 323.289 ibaba Group BABA 6/10/15 5.000 444,749 685,350 842,450 397,701. Vole Inc AAPL 12/7/17 314,000 53,321,627 49.530.360 52,262,160 -1,059,467 VP* Inc AAPL 6/20/18 50,000 9,339,691 7,887,000 8,322,000 -1,017,691 apple Inc AAPL 10/15/18 40,000 8,760,702 6,309,600 6,657,600 -2,103,102 %polo Global Management APO 3/31/11 263.157 4,999,983 6,457,873 7,705,237 2,705,254 3logen Idec Inc BIIB 2/14/12 2,095 250,455 630,427 699,269 448,814 ;entene Corp _ CNC 9/8/14 15,550 986,497 1,792,915 2,030,364 1,043,867 Caryopharm Therapeutics Inc KPTI 7/12/18 25.000 467.106 234.250 211.750 -255.356 rota: Southern Financial LLC - Equities (DB) 79,966,251 75,029,745 80,449,560 483,309 EFTA00811951  Purchase Quantity 12/31/18 1/31/19 Unrealized Asset Description Symbol Date Cost Value Value Gain (Loss) Southern Trust Co. - Equities (Merrill) KBW Regional Bank ETF KRE 11/16/17 9,000 503,167 421,110 476,640 -26527 Carvana CVNA 9/4/18 125,000 8.255,075 4,088.750 4,643,750 -3,611,325 Exxon Mobil XOM 10/15/18 10,000 813,881 681,900 732,800 -81,081 Facebook FB 7/26/18 20,000 3,559,596 2,621,800 3.333,800 , -225,796 0IH Od Services ETF 0111 5/16/18 17,000 490,376 238,510 286,790 -203,586 Euro Stu 50 edex due 3/27019 ssanirg Sus 39390kveside evestad 71570 9/25/17 ref price 3555 2,500,000 2,394,675 2.473,375 -26,625 Japan Banks Capped rote Exp Feb 1 2019175% barrier) 1/25/18 3,000,000 2,280,000 2,200,000 -800,000 Vortex Linked Note (sting S&P put spreads and buying MX calls) exp 4/9/201 3/8/18 3,000,000 2,745,637 2.962,279 -37,721 SVE market Plus Note Exp 4/26/2019 (72% barrier) 10/24/17 3 000.000 1.968 900 2121.03Q -878.979 Total Southern Trust Co. - Equities (Merrill) 25,122,095 17,441,282 19,230,464 -5,891,631 Southern Trust Co. - Equities (Interactive Brokers) Broadcom AVGO 4/17/18 4,000 1,002,093 1,017,120 - - Broadcom AVGO 5/17/18 4,000 1,000,000 1,017,120 - - Goklman Sachs GS 1/25/18 1,850 499,873 309,043 366,319 -133.554 General Dynamics GD 2(7/18 2,300 501,381 361,583 393,691 -107,690 General Dynamics GD 3/27/08 3,450 773,056 542,375 590,537 -182,520 General Dynamics GD 5/7/08 2.500 491,250 393,025 427,925 -63.325 Lockheed Marlin LMT 2/7/18 1,400 489,300 366,576 405,566 -83,734 Lockheed Martin LMT 3/20/18 2,100 707,676 549,864 608,349 -99,327 Lockheed Martin LMT 5/7/18 1,500 472,500 392,760 434,535 -37,965 Northtrop Grumman NOC 2/7/18 1,470 493,920 360,003 405,059 -88,862 Northtrop Grumman NOC 3/28/18 2,195 760,159 537,556 604,832 -155,327 Nerthfrop Grumman NOC 5/7/18 1,500 475,800 367,350 413,325 -62,475 OM Oil Services ETF OIH 5/17/08 17,000 504,839 238,510 286,790 -218,049 Raytheon RTN 2/7/18 2,400 498,840 368,040 395,424 -103,416 Raytheon RTN 3/20/18 3,600 763,284 552,060 593,136 -170.148 Raytheon RTN 5/7/18 2,400 491,880 368,040 395,424 -96,456 KBW Regional Bank ETF KRE 3/26/18 20,000 1.210.847 935.800 1.059.200 -151,647 Total Southern Trust Co. - Equities (interactive Brokers 11,136,698 8,676,825 7,380,111 4,754,494 Gratitude America, LTD - Equities (Morgan Stanley) General Electric GE 10/23/17 22,000 491,068 166,540 223,520 -267,548 Microsoft MSFT 9/6/18 10,000 1,113,704 1,015,700 1,044,300 -69,404 Century Link CTL 9/6/18 10,000 212,233 151,500 153,200 -59,033 World Acceptance Group WRLD 8/9/18 10,000 1,111,107 1 022 600 1 036 900 -74 207 total Gratitude America, LTD - Equities (Morgan Stanley) 2,928,112 2,356,340 2,457,920 -470,192 Haze Trust - Equities (DB) Carvana CVNA 6/21/18 25,000 1,086,102 817,750 928,750 -157,352 GOogle GOOG 2/2/18 2,000 2,222,173 2,071,220 2,232,740 10,567 Google GOOD 12/5/17 1,000 1,014,015 1,035,610 1,116,370 102,355 United Technologies UTX 6/21/18 15,000 1.882.944 1.597.200 1.771,093 -111.894 Haze Trust- Total Equities (DES) 6,205,234 5,521,780 6,048,910 -156,324 J Epstein VIFoundation - Equities (DB) 3ristol Myers Squibb 8MY 10/30/15 1,000 227,604 176,732 49,370 -178,234 Disney DIS 10/30/15 685 78.100 75.110 76.391 -1.709 Total J Epstein VIFoundation - Equities (DB) 305,704 251,842 125,761 -179,943 TOTAL EQUITIES 125,664,094 109,277,814 115,692,726 -7,969,275 EFTA00811952  12/31/18 1/31/19 MTD YTD Asset Description Value Value Return Return Notes Hedge Funds- Southern Financla (SFLLC) Omit 50mrs • > Onm Boothbay Multi-Strategy Fund 46,082,499 46,718A37 1.38% 1.38% withdrew, aim warn Boothbay Enhanced Fund 7 678 772 7 840 794 2.11% 2.11% Enh Fob f2018statt Total Hedge Funds-SFLLC 53,761,271 54,559,232 2016 Mum 3.77% 2017 Mum 15.5% Hedge Funds - Haze 2013 mum 44 WIRRIL 7017 velum of milli% 2616117 rolanotinfts psi King Street - Illiquid Special Investment 2,194.432 2,1cI9 A89 --.,...-- 2/13/2018 54.303 4/15 2WW03 4/27116 %%7.954 paid Hedge Funds -Haze 2,194,432 2,192,862 3/14/3016 ILorr 6115 113,564 7127716 9%2.924 paid 4/31216 37.263 W13 2.738 10/27/16 6.116.961 paid 2guanducLaLcanlis icrunoie 675.469 41161201937%2W 'W121%370 1/27117 398044 paid 1/11/2019 1.570 11/1612018 22.933 6/7/2013 67.976 11/9 %OW 2316 Mum 4.68% 12/13/2016 00.116 7/161201$ 435 Hedge Funds - STC InIttal Inv Xmm 431/111 Honeycomb 47.258_044 49.101.108 3.90% 3.90% added 15nm 6121118 Total Hedge Funds - STC 47,258,044 49,101,108 Mad lAwn9/2111/13 201601 0 4I% (0 mod) Total Hedge Funds 103,213,747 105,853,201 277 /Mum 21.0% SFL Mort Southern Grat FT Asset Description Inc. JEE Trust IGO LLC Real Estate Investments SFL Kyara II (investment amount) marked to $0 in Sep 2018 0 Kyara IV (investment amount) 250,000 Neoteny 3 (investment amount less 30k distribution 4/20/18) 970,000 Plytanee LLC (art partnership) 1,500,000 Jawbone Investment (prat) 1,000,000 AYH Marina (value per jee) 3,000,000 sic Seaford Avenue Capital - PB Investment - Auto Debt (total comm 2.6mm) 2,318,126 Adfin Solutions (investment amoun ) 875,000 butterfly trust Park Partners LLC - 320 East 82nd Street (investment amount) 3,480,000 Paid Contract to Purchase 2 Kean Court Livingston, NJ i 3,000,000 Coinbase via Grat (50% sold for $15mm Feb 2018) sic 1,500,500 Reporty via Ergo Ltd (investment amount) 1,000,000 Valar Global Fund II (amount funded vs 15mm convniument) 14,250,000 W30/2018FMV21,165,482 FFMV as of 12-31-2018 40,750,000 cunwlat• IRR thru 940.2013 313% Valar Global Fund III (amount funded vs 25mm comrnittment) 23,500,000 , r. 930/2018 FmV 33,165,591 FMV as of 12-31 2018 49,690.000 CV millathes IRR lbw S-30-2014 542% Totals 1,000,000 3,000,000 44,663,126 1,500,500 6,480,000 Total Investments 56,643,626 I EFTA00811953  Hyperion JEGE Plan D Asset Description Air LLC LLC LLC Various Totals Aviation, Automobiles & Boats 2001 Bell 430 N331JE 1,000.000 1,000,000 1988 Gulfstream G-IV N212JE 2.900,000 2.900,000 2008 G550 14,000,000 14,000,000 Automobiles 250,000 250,000 Boats 200,000 200,000 Total Aviation, Automobile & Boats 1,000,000 2,900,000 14,000,000 450,000 18,350,000 Asset Description JEE SFL JEGE Inc. FIRE Totals Loans Receivable Nina Keita rensztow on re joo sae 15CK) 150,000 150,000 Mark Lloyd 100,000 100,000 Nick Ribis 150,000 150,000 Johnny O'Sullivan 22,446 22,446 David Mitchell 243,700 660,000 903,700 Osboume Lane Capital (Paul B) 1,000,000 1,000.000 20,000 303,262 323,262 Harlequin Dane, LLC 7,750,000 7,750,000 Coatue Enterprises LLC 3,000,000 3,000,000 Bella Klein 115,000 115,000 Lesley 410,000 410.000 David Rodgers 60,000 60,000 Mervin 10,000 ome 133,000 133,000 Darren Indyke 475,000 475.000 Richard Kahn 475,000 475,000 LV Home & Other 1,457,000 175,000 1,632,000 650,064 650,064 Total Loans Receivable 2,793,210 11,520,000 950,000 2,096,262 17,359,472 Enhanced Asset Description Education JEE JEE Various Totals Fine Arts, Antiques & Jewelry Cello 175,000 175,000 Pagano Diamonds 500,000 500,000 2.73 Carrot Emerald Cut Diarmad - insurance value 5,400,000 5,400,000 Watches, Earring & Other 775,000 775,000 Fine Arts Schedule 3,050,000 3,050,000 Total Fine Arts, Antiques & Jewelry 175,000 5,900,000 775,000 3,050,000 9,900,000 Loan Payable to BJAV LLC (PLAN D LLC) (20,500,000) (20,500,000) EFTA00811954