EFTA01539675.pdf

HARRY BELLER C/O HBRK ASSOCIATES 301 E 66TH ST APT 10F NEW YORK NY 10065-6216 EFTA01539675 EFTA01539676 For the Period 5/1/12 to 5/31/12 Account Summary Account Number Investment Account(s) FINANCIAL TRUST COMPANY INC FINANCIAL TRUST COMPANY INC Total Value 1 2 Beginning Net Market Value 72,613,266.17 303,545.36 $72,916,811.53 Ending Net Market Value 68,985,360.47 307,853.80 $69,293,214.27 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 (3,627,905.70) 4,308.44 ($3,623,597.26) Start on Page 4 29 0000005026.15.0.15.00001.BELLE18.20120604 Consolidated Statement Page 1 EFTA01539677 EFTA01539678 THIS PAGE INTENTIONALLY LEFT BLANK EFTA01539679 For the Period 5/1/12 to 5/31/12 Consolidated Summary INVESTMENT ACCOUNTS Asset Allocation Equity Alternative Assets Cash & Fixed Income Market Value Accruals Market Value with Accruals Beginning Market Value 25,662,192.78 3,930,232.50 42,797,249.78 $72,389,675.06 527,136.47 $72,916,811.53 Ending Market Value 29,092,549.20 2,503,366.21 37,061,761.89 $68,657,677.30 635,536.97 $69,293,214.27 Change In Value 3,430,356.42 (1,426,866.29) (5,735,487.89) ($3,731,997.76) 108,400.50 ($3,623,597.26) Equity 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 72,389,675.06 (16,259.01) 227,926.25 (3,943,665.00) $68,657,677.30 635,536.97 EFTA01539680 $69,293,214.27 Year-to-Date Value 69,562,571.76 (15,814.70) 1,282,170.47 (2,171,250.23) $68,657,677.30 635,536.97 $69,293,214.27 Estimated 1,186,412.75 Current Annual Income Allocation 42% 4% 2,326,943.50 $3,513,356.25 54% 100% Alternative Assets Cash & Fixed Income Asset Allocation 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 EFTA01539681 For the Period 5/1/12 to 5/31/12 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 69,262,768.82 299,802.94 $69,562,571.76 Taxable Income 1,283,175.43 (1,004.96) $1,282,170.47 'Unrealized Gain/Loss represents data from the time of account inception to the current statement period. Net Contributions/ Withdrawals (15,690.52) (124.18) ($15,814.70) Tax-Exempt Income Other Income & Receipts Income & Distributions 1,283,175.43 (1,004.96) $1,282,170.47 Change in Investment Value (2,180,430.23) 9,180.00 ($2,171,250.23 ) Realized Gain/Loss EFTA01539682 Short-term 459,011.67 $459,011.67 Long-term 206,107.40 $206,107.40 Ending Market Value with Accruals 68,985,360.47 307,853.80 $69,293,214.27 Unrealized Gain/Loss, (2,292,822.30) 13,474.63 ($2,279,347.67) CONTINUED Consolidated Statement Page 3 EFTA01539683 JPMorgan Chase Bank, N.A. 270 Park Avenue, New York, NY 10017-2014 FINANCIAL TRUST COMPANY INC ACCT. For the Period 5/1/12 to 5/31/12 Asset 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.jpmorganonline.com 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 Alternative Assets Cash & Fixed Income Portfolio Activity Page 2 4 9 10 18 Account Page 1 of 25 Consolidated Statement Page 4 EFTA01539684 FINANCIAL TRUST COMPANY INC ACCT. For the Period 5/1/12 to 5/31/12 Account Summary Asset Allocation Equity Alternative Assets Cash & Fixed Income Market Value Accruals Market Value with Accruals Beginning Market Value 25,684,137.78 3,930,232.50 42,471,759.42 $72,086,129.70 527,136.47 $72,613,266.17 Ending Market Value 29,109,154.20 2,503,366.21 36,737,303.09 $68,349,823.50 635,536.97 $68,985,360.47 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 ($16,232.41) 228,931.21 (3,949,005.00) $68,349,823.50 635,536.97 $68,985,360.47 (16,232.41) Period Value 72,086,129.70 Change In Value 3,425,016.42 (1,426,866.29) EFTA01539685 (5,734,456.33) ($3,736,306.20) 108,400.50 ($3,627,905.70) Year-to-Date Value 69,262,768.82 1,028,454.65 (16,232.41) (1,027,912.76) ($15,690.52) 1,283,175.43 (2,180,430.23) $68,349,823.50 635,536.97 $68,985,360.47 Equity Estimated 1,188,911.75 Current Annual Income Allocation 42% 4% 2,326,943.50 $3,515,855.25 54% 100% Alternative Assets Cash & Fixed Income Asset Allocation Account Page 2 of 25 Consolidated Statement Page 5 EFTA01539686 FINANCIAL TRUST COMPANY INC ACCT. For the Period 5/1/12 to 5/31/12 Account Summary Tax Summary Domestic Dividends/Distributions Foreign Dividends Currency Gain/Loss Interest Income Ordinary Income Accrued Interest Current Year Taxable Income CONTINUED Current Period Value 67,256.25 Year-to-Date Value 215,986.19 6,996.06 (61,307.29) $228,931.21 109,412.50 19,931.62 290,367.33 952,486.11 6,996.06 (96,018.19) $1,283,175.43 Unrealized Gain/Loss To-Date Value ($2,292,822.30) ST Realized Gain/Loss LT Realized Gain/Loss Realized Gain/Loss Current Period Value 46,432.71 16,538.65 $62,971.36 Year-to-Date Value 459,011.67 206,107.40 $665,119.07 Cost Summary Equity Cash & Fixed Income Total 37,227,736.66 Cost 32,060,628.91 EFTA01539687 $69,288,365.57 Account Page 3 of 25 Consolidated Statement Page 6 EFTA01539688 FINANCIAL TRUST COMPANY INC ACCT. For the Period 5/1/12 to 5/31/12 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 8,626,071.45 515,000.00 4,400,445.00 12,142,621.33 $25,684,137.78 Ending Market Value 9,049,906.20 445,000.00 7,829,230.00 11,785,018.00 $29,109,154.20 Current Period Value 29,109,154.20 32,060,628.91 (1,882,122.71) 1,188,911.75 134,612.48 4.07% US Large Cap Equity Change In Value 423,834.75 (70,000.00) 3,428,785.00 (357,603.33) $3,425,016.42 Current Allocation 13% 1% 11% EFTA01539689 17% US Small/Mid Cap Equity 42% Preferred Stocks Concentrated & Other Equity Asset Categories Equity as a percentage of your portfolio - 42 % Account Page 4 of 25 Consolidated Statement Page 7 EFTA01539690 FINANCIAL TRUST COMPANY INC ACCT. For the Period 5/1/12 to 5/31/12 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 ARIAD PHARMACEUTICALS INC BIOGEN IDEC INC 04033A-10-0 ARIA 130.75 09062X-10-3 BIIB 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 FACEBOOK INC-A 30303M-10-2 FB HSBC MARKET PLUS SPX 05/17/13 72% KO BARRIER- 0%CPN ,UNCAPPED INITIAL LEVEL-02/14/12 SPX:1350.50 4042K1-XQ-1 29.60 95.49 35,000.000 5,000,000.000 1,036,000.00 4,774,500.00 1,330,000.00 5,000,000.00 (294,000.00) (225,500.00) 62.91 1,000,000.000 629,100.00 1,000,000.00 (370,900.00) 2,095.000 273,921.25 250,454.95 23,466.30 16.57 16,535.000 EFTA01539691 273,984.95 251,475.52 22,509.43 Quantity Value Adjusted Tax Cost Original Cost Unrealized Gain/Loss Est. Annual Inc. Accrued Div. Yield Account Page 5 of 25 Consolidated Statement Page 8 EFTA01539692 FINANCIAL TRUST COMPANY INC ACCT. • For the Period 5/1/12 to 5/31/12 Price US Large Cap Equity 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 $9,049,906.20 $9,831,930.47 ($782,024.27) $0.00 0.00% Quantity Value Adjusted Tax Cost Original Cost Unrealized Gain/Loss Est. Annual Inc. Accrued Div. Yield 103.12 2,000,000.000 2,062,400.00 2,000,000.00 62,400.00 US Small/Mid Cap Equity DEUTSCHE BK AG LDN BRH 8.90 DBL LONG ETN38 25154H-55-8 DAG Preferred Stocks ANNALY CAPITAL MGMT PFD 7 5/8% 035710-70-6 NLY PC 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 26.46 30,000.000 793,800.00 750,000.00 43,800.00 25.16 EFTA01539693 39,250.000 987,530.00 1,002,565.50 (15,035.50) 50,000.000 445,000.00 352,529.00 92,471.00 24.79 170,000.000 4,214,300.00 4,250,000.00 (35,700.00) 324,020.00 40,507.77 79,716.75 17,938.46 59,070.00 7.69% 8.07% 7.44% Account Page 6 of 25 Consolidated Statement Page 9 EFTA01539694 FINANCIAL TRUST COMPANY INC ACCT. For the Period 5/1/12 to 5/31/12 Price Preferred Stocks GMAC CAPITAL TRUST I PFD STK 8 1/8% 361860-20-8 Total Preferred Stocks $7,829,230.00 $7,885,339.10 ($56,109.10) $625,286.75 $58,446.23 Concentrated & Other Equity GENERAL MOTORS CO 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 LONG TOTAL RETURN SWAP 4,044,412.80 USD NOTIONAL APPLE INC MAT FEB 05 2013 DEAL 9966782 N/O Client SWPBDP-MH-9 MS MARKET PLUS MO 06/18/12 78% CONTIN BARRIER-15%CPN ,UNCAPPED INITIAL LEVEL-12/09/10 MO: 24.59 617482-QA-5 128.46 3,000,000.000 3,853,650.00 3,000,000.00 853,650.00 120.69 8,860.000 (1,069,352 00) N/A ** N/A 108.45 5,000,000.000 5,422,300.00 5,404,861.12 17,438.88 395,000.00 34,010.00 7.24% 7.99% EFTA01539695 Quantity Value Adjusted Tax Cost Original Cost Unrealized Gain/Loss Est. Annual Inc. Accrued Div. Yield 22.92 80,000.000 1,833,600.00 1,882,773.60 (49,173.60) 162,480.00 8.86% 36.72 71,000.000 2,607,120.00 3,585,969.22 (978,849.22) 168,625.00 42,156.25 6.47% Account Page 7 of 25 Consolidated Statement Page 10 EFTA01539696 FINANCIAL TRUST COMPANY INC ACCT. For the Period 5/1/12 to 5/31/12 Price Concentrated & Other Equity 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 P THOMPSON CREEK METALS CO PFD 6.5% 884768-30-0 TC PT Total Concentrated & Other Equity $11,785,018.00 $13,990,830.34 ($1,136,460.34) $563,625.00 $76,166.25 4.76% 20.30 0.00 8.00% Quantity Value Adjusted Tax Cost Original Cost Unrealized Gain/Loss Est. Annual Inc. Accrued Div. Yield 48.57 2,000,000.000 971,300.00 2,000,000.00 (1,028,700.00) Account Page 8 of 25 Consolidated Statement Page 11 EFTA01539697 FINANCIAL TRUST COMPANY INC ACCT. For the Period 5/1/12 to 5/31/12 Alternative Assets Summary Beginning Asset Categories Hard Assets Estimated Value 3,930,232.50 Alternative Assets Detail Price Hard Assets BRT CALL OPTION USD PUT OPTION STRIKE 140.00 EXPIRING 08/13/2012 250,000 BARRELS OTCBDC-JZ-N BRT PUT OPTION USD CALL OPTION STRIKE 100.00 EXPIRING 08/13/2012 250,000 BARRELS OTCBDP-JN-G 3PM CORN DLY LIQUIDITY NT 07/25/13 LNKD TO DJUBCN3T 07/22/10 48124A-WK-9 Total Hard Assets $2,503,366.21 $2,440,000.00 148.57 2,500,000.000 3,714,210.00 2,512,500.00 5,015.59 (250.000) (1,253,897.06) (272,500.00) Quantity Estimated Value Cost Ending Estimated Value 2,503,366.21 Change In Value (1,426,866.29) Current Allocation 4% EFTA01539698 172.21 250.000 43,053.27 200,000.00 Account Page 9 of 25 Consolidated Statement Page 12 EFTA01539699 FINANCIAL TRUST COMPANY INC ACCT. For the Period 5/1/12 to 5/31/12 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 10,159,122.01 1,108,324.83 27,468,423.07 1,214,500.70 2,537,756.58 (16,367.77) $42,471,759.42 Ending Market Value 3,454,497.66 1,035,388.28 29,121,245.78 980,620.90 2,161,918.24 (16,367.77) $36,737,303.09 Current Period Value 36,737,303.09 37,227,736.66 (474,065.80) 2,326,943.50 500,924.49 7.08% Cash & Fixed Income as a percentage of your portfolio 54 % Change In Value (6,704,624.35) (72,936.55) 1,652,822.71 (233,879.80) EFTA01539700 (375,838.34) 0.00 ($5,734,456.33 ) 54% Current Allocation 5% 2% 43% 1% 3% Non-US Fixed Income Non-USD Cash Complementary Structured Strategies US Fixed Income Cash Asset Cate ories Account Page 10 of 25 Consolidated Statement Page 13 EFTA01539701 FINANCIAL TRUST COMPANY INC ACCT. For the Period 5/1/12 to 5/31/12 SUMMARY BY MATURITY 1 Cash & Fixed Income 0-6 months 1-5 years' 5-10 years' 10+ years' Total Value 1 SUMMARY BY TYPE Market Value 7,984,284.18 15,746,780.94 2,579,383.50 10,443,222.24 $36,753,670.86 % of Bond Portfolio 20% 48% 6% 26% 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 Mortgage and Asset Backed Bonds Complementary Structure Other Total Value Market Value 3,454,497.66 1,035,388.28 19,527,760.94 3,536,434.40 4,277,791.34 2,161,918.24 2,759,880.00 $36,753,670.86 % of Bond Portfolio 8% EFTA01539702 2% 58% 9% 11% 5% 7% 100% Account Page 11 of 25 Consolidated Statement Page 14 EFTA01539703 FINANCIAL TRUST COMPANY INC ACCT. For the Period 5/1/12 to 5/31/12 Cash & Fixed Income Summary NET FX CONTRACTS EXPOSURE SUMMARY US DOLLAR (16,367.77) Value in Currency Note: P indicates position adjusted for Pending Trade Activity. 1 Cash & Fixed Income Detail Price Cash US DOLLAR COST OF PENDING PURCHASES PROCEEDS FROM PENDING SALES Total Cash 1.00 1.00 1.00 5,122,388.15 (1,752,412.59 ) 84,522.10 5,122,388.15 (1,752,412.59) 84,522.10 $3,454,497.66 5,122,388.15 (1,752,412.59) 84,522.10 $3,454,497.66 $0.00 $512.23 $69.83 Non-USD Cash CANADIAN DOLLAR 0.01% 512.23 69.83 0.01% Quantity Value Adjusted Tax Cost Original Cost Unrealized Gain/Loss Est. Annual Income Accrued Interest Yield This is the Annual Percentage Yield (APY) which is the rate earned if EFTA01539704 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. 0.97 0.01 0.01 0.01 Account Page 12 of 25 Consolidated Statement Page 15 EFTA01539705 FINANCIAL TRUST COMPANY INC ACCT. For the Period 5/1/12 to 5/31/12 Price Non-USD Cash EURO PRINCIPAL CURRENCY Total Non-USD Cash 1.24 837,388.58 1,035,388.27 $1,035,388.28 1,099,726.08 $1,099,726.09 (64,337.81) ($64,337.81) $0.00 0.00% Quantity Value Adjusted Tax Cost Original Cost Unrealized Gain/Loss Est. Annual Income Accrued Interest Yield US Fixed Income ALLY FINANCIAL INC 21.80 8 1/2% PFD 02005N-30-8 NA /CAA AMERICAN CAPITAL LTD 8.96% DEC 31 2013 DTD 06/28/2010 02503Y-AF-0 B /NA ROYAL BANK SCOTLAND GRP PLC 5.05% JAN 08 2015 DTD 12/08/2004 780097-AP-6 BB+ /BA2 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 BB- /B1 AMERICAN AXLE & MFG INC 7 7/8% MAR 1 2017 DTD 2/27/2007 02406P-AF-7 B /B2 Account Page 13 of 25 EFTA01539706 Consolidated Statement Page 16 102.88 2,500,000.00 2,571,875.00 2,615,625.00 (43,750.00) 196,875.00 49,217.50 7.15% 99.88 5,000,000.00 4,993,750.00 4,725,000.00 268,750.00 97.39 1,000,000.00 973,930.00 966,000.00 7,930.00 50,500.00 20,059.00 105.38 1,500,000.00 1,580,625.00 1,530,000.00 50,625.00 97,500.00 28,707.00 350,000.00 20,415.00 6.15% 100.28 2,000,000.00 2,005,620.00 2,031,000.00 (25,380.00) 159,200.00 26,974.00 7.77% 126,600.00 2,759,880.00 2,782,242.51 (22,362.51) 268,392.00 9.72% 4.89% 7.04% EFTA01539707 FINANCIAL TRUST COMPANY INC ACCT. • For the Period 5/1/12 to 5/31/12 Price US Fixed Income CIT GROUP INC 144A 7% MAY 02 2017 DTD 06/15/2011 125581-GA-0 BB- /B1 NRG ENERGY INC 7 5/8% JAN 15 2018 DTD 07/15/2011 629377-BN-1 BB- /B1 LLOYDS TSB BANK PLC MTN 9 7/8% DEC 16 2021 DTD 12/16/2011 HELD BY EUROCLEAR ISIN XS0717735822 SEDOL B7FQXT1 G4715J-9D-3 BBB /BAA SEQUOIA MORTGAGE TRUST SER 2003-1 CL B1 FLOATING RATE APR 20 2033 DTD 02/27/2003 81743P-AH-9 AA+ /B2 P CITICORP MORTGAGE SECURITIES SER 2005-1 CL B2 5.4204% FEB 25 2035 DTD 02/01/2005 172973-P9-4 NA /NR BANC OF AMERICA FUNDING CORPORATION SER 2006-G CL 2A5 FLOATING RATE JUL 20 2036 DTD 07/31/2006 05950M-AF-7 CC /CA BANK OF AMERICA CORP 8 1/8% PFD STK DEC 29 2049 DTD 04/30/2008 060505-DT-8 BB+ /BA3 Account Page 14 of 25 Consolidated Statement Page 17 101.37 2,000,000.00 2,027,460.00 2,081,180.56 (53,720.56) 162,500.00 7,222.00 8.01% 63.54 2,484,283.16 1,578,560.72 1,614,784.06 (36,223.34) 12,912.06 176.38 EFTA01539708 9.29% 74.72 2,111,340.46 1,577,618.93 1,752,412.59 (174,793.66) 114,443.09 (1,271.59) 12.00% 63.28 1,772,374.40 1,121,611.69 1,063,424.63 58,187.06 27,644.60 186.09 9.30% 105.46 1,500,000.00 1,581,883.50 1,627,500.00 (45,616.50) 148,125.00 67,890.00 8.98% 99.75 1,000,000.00 997,500.00 1,001,500.00 (4,000.00) 76,250.00 28,805.00 7.68% Quantity Value Adjusted Tax Cost Original Cost Unrealized Gain/Loss Est. Annual Income Accrued Interest Yield 99.88 2,196,326.35 2,193,580.94 2,026,111.06 167,469.88 153,742.84 34,592.14 6.99% EFTA01539709 EFTA01539710 FINANCIAL TRUST COMPANY INC ACCT. For the Period 5/1/12 to 5/31/12 Price US Fixed Income SOUTHERN CAL EDISON 6 1/4% DEC 31 2049 DTD 01/17/2012 842400-FU-2 BBB /BAA Total US Fixed Income $29,121,245.78 $28,816,762.91 $304,482.87 Quantity Value Adjusted Tax Cost Original Cost Unrealized Gain/Loss Est. Annual Income Accrued Interest Yield 105.25 3,000,000.00 3,157,350.00 2,999,982.50 157,367.50 187,500.00 69,789.00 $2,005,584.59 $352,761.52 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 REPUBLIC OF ARGENTINA NOTES DEC 15 2035 DTD 11/01/2005 HELD BY EUROCLEAR ISIN US040114GM64 SEDOL BOS5NO3 042993-9S-6 Total Non-US Fixed Income $980,620.90 $1,356,750.00 ($376,129.10) $320,846.68 $148,093.13 32.71% 9.75 EFTA01539711 7,500,000.00 731,250.00 1,038,750.00 (307,500.00) 237,652.50 109,732.50 32.52% 5.90% 7.75% 2.49 10,000,000 00 249,370.90 318,000.00 (68,629.10) 83,194.18 38,360.63 33.27% Account Page 15 of 25 Consolidated Statement Page 18 EFTA01539712 FINANCIAL TRUST COMPANY INC ACCT. For the Period 5/1/12 to 5/31/12 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 MXN CALL USD PUT FX EUROPEAN STYLE OPTION JUN 19, 2012 @ 12.565 XMXNCA-DN-Z MXN PUT USD CALL FX EUROPEAN STYLE OPTION JUN 19, 2012 @ 12.9 AT EXP KI @ 13.25 XMXNPA-IP-Z 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 JP MORGAN CHASE BANK NA ZERO CPN 4662A0-4Q-1 Total Complementary Structured Strategies $2,161,918.24 $2,500,000.00 ($338,081.76) $0.00 1.14% 95.16 1,500,000.00 1,427,400.00 1,500,000.00 (72,600.00) 1.73% 104.72 1,000,000.00 1,047,200.00 1,000,000.00 47,200.00 0.78 (12,900,000.00 ) (100,097.61) (17,200.00) EFTA01539713 (82,897.61) 12,565,000.00 0.96 17,200.00 (17,199.04) 832,500,000.00 16,757.39 411,436.90 (394,679.51) Quantity Value Adjusted Tax Cost Original Cost Unrealized Gain/Loss Est. Annual Income Accrued Interest Yield 0.03 (760,000,000.00 ) (229,342.50) (411,436.90) 182,094.40 Account Page 16 of 25 Consolidated Statement Page 19 EFTA01539714 FINANCIAL TRUST COMPANY INC ACCT. For the Period 5/1/12 to 5/31/12 Market Value Receivable Trade Date Foreign Exchange Contracts CHINESE RENMINBI CHINESE RENMINBI US DOLLAR US DOLLAR Total Foreign Exchange Contracts Jun. 8 11 Jun. 11 12 Oct. 5 11 Jun. 11 12 CNY USD CNY USD 31,818,000.00 (5,000,000.00) (31,818,000.00) 4,983,632.23 6.363600 6.384500 6.367350 6.367350 4,997,055.30 5,000,000.00 4,983,632.23 4,997,055.30 $9,980,687.53 $9,997,055.30 (2,944.70) (13,423.07) ($16,367.77) Currency Settlement Date Counter Currency Amount Counter Amount Contract Rate Current Market Forward Rate Market Value Payable Unrealized Gain/Loss Account Page 17 of 25 Consolidated Statement Page 20 EFTA01539715 EFTA01539716 FINANCIAL TRUST COMPANY INC ACCT. For the Period 5/1/12 to 5/31/12 Portfolio Activity Summary - U S Dollar Beginning Cash Balance Current Transactions INFLOWS Income Contributions Foreign Exchange - Inflows Total Inflows OUTFLOWS ** Withdrawals Foreign Exchange - Outflows Total Outflows TRADE ACTIVITY Settled Sales/Maturities/Redemptions Settled Securities Purchased Total Trade Activity Ending Cash Balance 4,406,682.76 (9,128,815.00) ($4,722,132.24) $5,122,388.15 * 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 34,650,288.13 (53,143,340.49) ($18,493,052.36) -$221,935.15 (16,232.41) ($16,232.41) Period Value 9,638,817.65 221,935.15 Year-To-Date Value* -985,812.04 1,028,454.65 17,928,716.44 $19,942,983.13 (16,232.41) (17,500,000.00) ($17,516,232.41) Current Cost Adjustments Cost Adjustments Total Cost Adjustments EFTA01539717 Period Value $0.00 Year-To-Date Value* 13,020.83 $13,020.83 Account Page 18 of 25 Consolidated Statement Page 21 EFTA01539718 FINANCIAL TRUST COMPANY INC ACCT. For the Period 5/1/12 to 5/31/12 Portfolio Activity Detail - U S Dollar INFLOWS & OUTFLOWS Type Settle Date Selection Method 5/1 5/3 5/8 Interest Income Corporate Interest Misc Disbursement Description DEPOSIT SWEEP INTEREST FOR APR. @ .01% RATE ON NET AVG COLLECTED BALANCE OF $10,933,276.63 AS OF 05/01/12 CIT GROUP INC 144A 7% MAY 02 2017 DTD 06/15/2011 AS OF 05/02/12 (ID: 125581-GA-0) LONG TOTAL RETURN SWAP 4,044,412.80 USD NOTIONAL APPLE INC MAT FEB 05 2013 DEAL 9966782 SWAP RESET PAYMENT AS OF 05/07/12 (ID: SWPBDP-MH-9) 5/10 5/15 5/15 5/15 5/15 5/21 Corporate Interest Div Domest Accrued Int Paid Corporate Interest Interest Income Corporate Interest CIT GROUP INC 144A 7% MAY 02 2016 JUN 15 2011 (ID: 125581-FZ-6) ALLY FINANCIAL INC 8 1/2% PFD @ 0.53125 PER SHARE (ID: 02005N-30-8) LLOYDS TSB BANK PLC MTN 9 7/8% DEC 16 2021 DTD 12/16/2011 HELD BY EUROCLEAR ISIN XS0717735822 SEDOL B7FQXT1 (ID: G4715J-9D-3) BANK OF AMERICA CORP 8 1/8% PFD STK DEC 29 2049 DTD 04/30/2008 (ID: 060505-DT-8) GMAC CAPITAL TRUST I PFD STK 8 1/8% @ 0.507813 PER SHARE (ID: 361860-20-8) BANC OF AMERICA FUNDING CORPORATION SER 2006-G CL 2A5 FLOATING RATE JUL 20 2036 DTD 07/31/2006 (ID: 05950M-AF-7) 2,000,000.000 80,000.000 2,508,251.380 EFTA01539719 0.041 0.508 81,250.00 40,625.04 1,122.60 5,000,000.000 126,600.000 1,500,000.000 0.00 0.018 0.531 0.041 87,500.00 67,256.25 (61,307.29) 2,500,000.000 0.001 3,070.48 (16,232.41) Quantity Cost Per Unit Amount Amount 89.65 Account Page 19 of 25 Consolidated Statement Page 22 EFTA01539720 FINANCIAL TRUST COMPANY INC ACCT. For the Period 5/1/12 to 5/31/12 INFLOWS & OUTFLOWS Type Settle Date Selection Method 5/21 Corporate Interest Total Inflows & Outflows TRADE ACTIVITY Note: Trade Date Settle Date 4/26 5/1 4/26 5/1 4/27 5/2 5/3 5/3 Description ENTRY REVERSED ON 06/04/2012 SEQUOIA MORTGAGE TRUST SER 2003-1 CL B1 FLOATING RATE APR 20 2033 DTD 02/27/2003 (ID: 81743P-AH-9) $205,702.74 Quantity Cost Per Unit Amount 1,791,374.060 0.001 Amount 2,328.42 L indicates Long Term Realized Gain/Loss C indicates Currency Gain/Loss S indicates Short Term Realized Gain/Loss 0 indicates Ordinary Income Realized Gain * Settled transaction was initiated in prior statement period and settled in current statement period Type Selection Method Description Settled Sales/Maturities/Redemptions Sale FIFO Sale FIFO Sale FIFO ARES COMMERCIAL REAL ESTATE @ 18.00 56,700.00 BROKERAGE 157.50 TAX &/OR SEC 1.28 J.P. MORGAN SECURITIES LLC (ID: 04013V-10-8) EFTA01539721 MFA FINANCIAL INC PFD 8% @ 24.91739 276,458.44 BROKERAGE 554.75 TAX &/OR SEC 6.20 J.P. MORGAN SECURITIES LLC (ID: 55272X-30-0) MFA FINANCIAL INC PFD 8% @ 24.9007 246,641.43 BROKERAGE 495.25 TAX &/OR SEC 5.53 J.P. MORGAN SECURITIES LLC (ID: 55272X-30-0) Principal Payment CIT GROUP INC 144A 7% MAY 02 2017 DTD Pro Rata (303,673.650) 06/15/2011 PAYMENT A/C PRINCIPAL AS OF 05/02/12 (ID: 125581-GA-0) 100.00 303,673.65 (280,138.94) 16,538.65 L 6,996.06 0 (9,905.000) 24.85 246,140.65 (247,625.00) (1,484.35) S* (11,095.000) 24.867 275,897.49 (277,375.00) (1,477.51) S* Quantity (3,150.000) Per Unit Amount 17.95 Proceeds 56,541.22 Tax Cost (58,275.00) Realized Gain/Loss (1,733.78) S* Account Page 20 of 25 Consolidated Statement Page 23 EFTA01539722 FINANCIAL TRUST COMPANY INC ACCT. For the Period 5/1/12 to 5/31/12 Trade Date Settle Date 5/2 5/7 5/2 5/7 5/3 5/8 5/3 5/8 5/3 5/8 5/7 5/10 5/8 5/11 5/9 5/14 Type Selection Method Description Settled Sales/Maturities/Redemptions Sale FIFO Sale FIFO Sale FIFO Sale FIFO Sale FIFO Sale FIFO Sale FIFO Sale FIFO HARTFORD FINL SVCS GRP PFD 7 7/8% @ 26.4247 977,713.90 BROKERAGE 1,850.00 TAX &/OR SEC 21.91 J.P. MORGAN SECURITIES LLC (ID: 416518-50-4) LPL INVESTMENT HOLDINGS INC @ 34.68944 124,881.98 BROKERAGE 180.00 TAX &/OR SEC 2.80 J.P. MORGAN SECURITIES LLC (ID: 50213H-10-0) NAVIOS MARITIME PARTNERS LP @ 15.58 46,740.00 BROKERAGE 150.00 TAX &/OR SEC 1.05 J.P. MORGAN SECURITIES LLC (ID: Y62267-10-2) CARLYLE GROUP/THE @ 22.031 110,155.00 BROKERAGE 250.00 TAX &/OR SEC 2.47 J.P. MORGAN SECURITIES EFTA01539723 LLC (ID: 14309L-10-2) PACIFIC COAST OIL TRUST @ 20.01288 900,579.60 BROKERAGE 2,250.00 TAX &/OR SEC 20.18 J.P. MORGAN SECURITIES LLC (ID: 694103-10-2) AMERICAN INTERNATIONAL GROUP INC NEW @ 30.58001 152,900.05 BROKERAGE 250.00 TAX &/OR SEC 3.43 J.P. MORGAN SECURITIES LLC (ID: 026874-78-4) CALUMET SPECIALTY PRODUCTS PARTNERS L.P. @ 24.30 48,600.00 BROKERAGE 100.00 TAX &/OR SEC 1.09 J.P. MORGAN SECURITIES LLC (ID: 131476-10-3) DYNAVAX TECHNOLOGIES CORPORATION @ 4.04531 72,815.58 BROKERAGE 900.00 TAX &/OR SEC 1.64 J.P. MORGAN SECURITIES LLC (ID: 268158-10-2) (18,000.000) 3.995 71,913.94 (76,500.00) (4,586.06) S (2,000.000) 24.249 48,498.91 (51,000.00) (2,501.09) S (5,000.000) 30.529 152,646.62 (152,500.00) 146.62 S (45,000.000) 19.962 898,309.42 (900,000.00) (1,690.58) S (5,000.000) 21.981 109,902.53 (110,000.00) (97.47) S (3,000.000) 15.53 46,588.95 (47,040.00) (451.05) S (3,600.000) 34.639 124,699.18 (124,200.00) 499.18 S Quantity (37,000.000) EFTA01539724 Per Unit Amount 26.374 Proceeds 975,841.99 Tax Cost (925,000.00) Realized Gain/Loss 50,841.99 S Account Page 21 of 25 Consolidated Statement Page 24 EFTA01539725 FINANCIAL TRUST COMPANY INC ACCT. For the Period 5/1/12 to 5/31/12 Trade Date Settle Date 5/9 Type Selection Method Description Settled Sales/Maturities/Redemptions Sale 5/14 5/10 5/15 5/10 5/15 5/11 5/16 5/21 5/21 5/21 5/21 5/16 5/21 5/17 5/22 5/22 5/22 FIFO Sale FIFO Sale FIFO Sale FIFO PNC FINANCIAL SERVICES 6 1/8% PFD @ 25.16785 679,531.95 BROKERAGE 1,350.00 TAX &/OR SEC 15.23 J.P. MORGAN SECURITIES LLC (ID: 693475-85-7) ULTA SALON COSMETICS & FRAGRANCE INC @ 85.87611 231,865.50 BROKERAGE 135.00 TAX &/OR SEC 5.20 J.P. MORGAN SECURITIES LLC (ID: 90384S-30-3) WESTERN ASSET MORTGAGE CAPIT @ 18.61222 41,877.50 BROKERAGE 112.50 TAX &/OR SEC .94 J.P. MORGAN SECURITIES LLC (ID: 95790D-10-5) WEB.COM GROUP INC @ 15.11866 45,355.98 BROKERAGE 150.00 TAX &/OR SEC 1.02 J.P. MORGAN SECURITIES LLC (ID: 94733A-10-4) Principal Payment BANC OF AMERICA FUNDING CORPORATION SER 2006-G Pro Rata CL 2A5 FLOATING RATE JUL 20 2036 DTD 07/31/2006 PAYMENT A/C PRINCIPAL (ID: 05950M-AF-7) Principal Payment ENTRY REVERSED ON 06/04/2012 SEQUOIA MORTGAGE EFTA01539726 Pro Rata TRUST SER 2003-1 CL B1 FLOATING RATE APR 20 2033 DTD 02/27/2003 PAYMENT A/C PRINCIPAL (ID: 81743P-AH-9) Sale FIFO Sale FIFO Expired Option FIFO PETROLEUM DEVELOPMENT INC @ 26.55056 26,550.56 BROKERAGE 100.00 TAX &/OR SEC .60 J.P. MORGAN SECURITIES LLC (ID: 716578-10-9) RAMCO-GERSHENSON PROPERTIES TRUST @ 11.95 29,875.00 BROKERAGE 125.00 TAX &/OR SEC .67 J.P. MORGAN SECURITIES LLC (ID: 751452-20-2) JPY CALL USD PUT FX EUROPEAN STYLE OPTION MAY 405,000,000.000 22, 2012 @ 81. KI @79 EXPIRATION OF WRITTEN FX OPTION (ID: XJPYCA-RZ-Z) Account Page 22 of 25 Consolidated Statement Page 25 26,500.00 26,500.00 C (2,500.000) 11.90 29,749.33 (30,250.00) (500.67) S (1,000.000) 26.45 26,449.96 (26,500.00) (50.04) S (18,999.660) 100.00 18,999.66 (11,399.80) 7,599.86 S (23,968.220) 100.00 23,968.22 (15,579.34) 8,388.88 S (3,000.000) 15.068 45,204.96 (45,750.00) (545.04) S (2,250.000) 18.562 41,764.06 EFTA01539727 (45,000.00) (3,235.94) S (2,700.000) 85.824 231,725.30 (226,800.00) 4,925.30 S Quantity (27,000.000) Per Unit Amount 25.117 Proceeds 678,166.72 Tax Cost (675,000.00) Realized Gain/Loss 3,166.72 S EFTA01539728 FINANCIAL TRUST COMPANY INC ACCT. For the Period 5/1/12 to 5/31/12 Trade Date Settle Date 5/22 5/22 Type Selection Method Description Settled Sales/Maturities/Redemptions Expired Option FIFO Quantity JPY PUT USD CALL FX EUROPEAN STYLE OPTION MAY (415,000,000.000 ) 22, 2012 @ 83. EXPIRATION OF PURCHASED FX OPTION (ID: X.WYPB-AN-Z) Total Settled Sales/Maturities/Redemptions $4,406,682.76 ($4,325,933.08) $16,538.65 L $57,214.97 S $6,996.06 0 Per Unit Amount Proceeds Tax Cost (26,500.00) Realized Gain/Loss (26,500.00) C Trade Date Settle Date Type Description Settled Securities Purchased 4/25 Purchase 5/1 5/1 5/3 5/1 5/3 5/1 5/7 5/3 5/8 5/3 5/8 5/3 5/8 Write Option Purchase EFTA01539729 Purchase Purchase Purchase ARES COMMERCIAL REAL ESTATE @ 18.50 J.P. MORGAN SECURITIES LLC (ID: 04013V-10-8) Purchase Option BRT CALL OPTION USD PUT OPTION STRIKE 140.00 EXPIRING 08/13/2012 250,000 BARRELS PURCHASE OTC CALL (ID: OTCBDC-JZ-N) BRT PUT OPTION USD CALL OPTION STRIKE 100.00 EXPIRING 08/13/2012 250,000 BARRELS WRITTEN OTC PUT (ID: OTCBDP-JN-G) LPL INVESTMENT HOLDINGS INC @ 34.50 J.P. MORGAN SECURITIES LLC (ID: 50213H-10-0) NAVIOS MARITIME PARTNERS LP @ 15.68 J.P. MORGAN SECURITIES LLC (ID: Y62267-10-2) CARLYLE GROUP/THE @ 22.00 J.P. MORGAN SECURITIES LLC (ID: 14309L-10-2) PACIFIC COAST OIL TRUST @ 20.00 J.P. MORGAN SECURITIES LLC (ID: 694103-10-2) 3,600.000 3,000.000 5,000.000 45,000.000 34.50 15.68 22.00 20.00 Account Page 23 of 25 (124,200.00) (47,040.00) (110,000.00) (900,000.00) Consolidated Statement Page 26 (250.000) 1,090.00 272,500.00 Quantity 3,150.000 250.000 Per Unit Amount 18.50 800.00 Market Cost (58,275.00) * (200,000.00) EFTA01539730 FINANCIAL TRUST COMPANY INC ACCT. For the Period 5/1/12 to 5/31/12 Trade Date Settle Date Type Settled Securities Purchased 5/7 Purchase 5/10 5/8 5/11 5/8 5/11 5/9 5/14 5/10 5/15 5/10 5/15 5/10 5/15 5/9 5/16 5/11 5/16 5/15 5/21 5/17 5/22 5/17 5/22 Total Settled Securities Purchased Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Description AMERICAN INTERNATIONAL GROUP INC NEW @ 30.50 J.P. MORGAN SECURITIES LLC (ID: 026874-78-4) CALUMET SPECIALTY PRODUCTS PARTNERS L.P. @ 25.50 J.P. MORGAN SECURITIES LLC (ID: 131476-10-3) THOMPSON CREEK METALS CO PFD 6.5% @ 25.00 J.P. MORGAN SECURITIES LLC (ID: 884768-30-0) EFTA01539731 DYNAVAX TECHNOLOGIES CORPORATION @ 4.25 J.P. MORGAN SECURITIES LLC (ID: 268158-10-2) LLOYDS TSB BANK PLC MTN 9 7/8% DEC 16 2021 DTD 12/16/2011 HELD BY EUROCLEAR ISIN XS0717735822 SEDOL B7FQXT1 (ID: G4715J-9D-3) ULTA SALON COSMETICS & FRAGRANCE INC @ 84.00 J.P. MORGAN SECURITIES LLC (ID: 90384S-30-3) WESTERN ASSET MORTGAGE CAPIT @ 20.00 J.P. MORGAN SECURITIES LLC (ID: 95790D-10-5) ANNALY CAPITAL MGMT PFD 7 5/8% @ 25.00 J.P. MORGAN SECURITIES LLC (ID: 035710-70-6) WEB.COM GROUP INC @ 15.25 J.P. MORGAN SECURITIES LLC (ID: 94733A-10-4) PETROLEUM DEVELOPMENT INC @ 26.50 J.P. MORGAN SECURITIES LLC (ID: 716578-10-9) RAMCO-GERSHENSON PROPERTIES TRUST @ 12.10 J.P. MORGAN SECURITIES LLC (ID: 751452-20-2) FACEBOOK INC-A @ 38.00 J.P. MORGAN SECURITIES LLC (ID: 30303M-10-2) 2,700.000 2,250.000 170,000.000 3,000.000 1,000.000 2,500.000 35,000.000 84.00 20.00 25.00 15.25 26.50 12.10 38.00 (226,800.00) (45,000.00) (4,250,000.00) (45,750.00) (26,500.00) (30,250.00) (1,330,000.00) ($9,128,815.00) Account Page 24 of 25 Consolidated Statement Page 27 4,000.000 18,000.000 1,500,000.000 25.00 4.25 108.50 (100,000.00) (76,500.00) EFTA01539732 (1,627,500.00) Quantity 5,000.000 2,000.000 Per Unit Amount 30.50 25.50 Market Cost (152,500.00) (51,000.00) EFTA01539733 FINANCIAL TRUST COMPANY INC ACCT. For the Period 5/1/12 to 5/31/12 Trade Date Type Est. Settle Date Selection Method Description Pending Sales, Maturities, Redemptions Sale 5/29 6/1 THOMPSON CREEK METALS CO PFD 6.5% (ID: 884768-30-0) Quantity (4,000.000) Per Unit Amount 21.181 Proceeds 84,522.10 Tax Cost (100,000.00) Realized Gain/Loss (15,477.90) S Trade Date Est. Settle Date Type Pending Securities Purchased 5/31 Purchase 6/5 Description CITICORP MORTGAGE SECURITIES SER 2005-1 CL B2 5.4204% FEB 25 2035 DTD 02/01/2005 (ID: 172973-P9-4) Quantity 2,111,340.457 Per Unit Amount 83.00 Market Cost (1,752,412.59) Account Page 25 of 25 Consolidated Statement Page 28 EFTA01539734 THIS PAGE INTENTIONALLY LEFT BLANK EFTA01539735 J.P. Morgan Securities LLC FINANCIAL TRUST COMPANY INC 383 Madison Avenue, New York, NY 10179 ACCT. For the Period 5/1/12 to 5/31/12 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.jpmorganonline.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 29 EFTA01539736 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 0.00 307,493.76 $307,493.76 Current Portfolio Activity Beginning Market Value Withdrawals & Fees Net Contributions/Withdrawals Income & Distributions Change In Investment Value Ending Market Value Period Value 303,545.36 (26.60) ($26.60) (1,004.96) 5,340.00 $307,853.80 Short Market Value (16,605.00) 16,965.04 $360.04 Year-to-Date Value 299,802.94 (124.18) ($124.18) (1,004.96) 9,180.00 $307,853.80 Total (16,605.00) 324,458.80 Estimated Current Market Value Annual Income Allocation EFTA01539737 (2,499.00) $307,853.80 ($2,499.00) 100% 100% ACCT. For the Period 5/1/12 to 5/31/12 Account Page 2 of 8 Consolidated Statement Page 30 EFTA01539738 FINANCIAL TRUST COMPANY INC Account Summary Tax Summary Foreign Dividends Taxable Income Cost Summary Equity Cash & Fixed Income Total CONTINUED Current Period Value (1,004.96) ($1,004.96) Year-to-Date Value (1,004.96) ($1,004.96) Unrealized Gain/Loss ACCT. For the Period 5/1/12 to 5/31/12 To-Date Value $13,474.63 324,458.80 Cost $294,379.17 (30,079.63) Investment Objectives Speculation Permitted Capital Appreciation Yes Yes Account Page 3 of 8 Consolidated Statement Page 31 EFTA01539739 FINANCIAL TRUST COMPANY INC Equity Summary Asset Categories Non-US Equity Beginning Market Value (21,945.00) Ending Market Value (16,605.00) Change In Value 5,340.00 Current Allocation ACCT. For the Period 5/1/12 to 5/31/12 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 (16,605.00) (30,079.63) 13,474.63 (2,499.00) 11.07 (1,500.000) Short (16,605.00) (30,079.63) 13,474.63 (2,499.00) EFTA01539740 15.05% Account Page 4 of 8 Consolidated Statement Page 32 EFTA01539741 FINANCIAL TRUST COMPANY INC Cash & Fixed Income Summary Beginning Asset Categories Cash Market Value 325,490.36 ACCT. For the Period 5/1/12 to 5/31/12 Ending Market Value 324,458.80 Change In Value (1,031.56) Current Allocation 100% Current Market Value/Cost Market Value Tax Cost SUMMARY BY MATURITY 1 Cash & Fixed Income 0-6 months 1 Period Value 324,458.80 324,458.80 SUMMARY BY TYPE Market Value 324,458.80 % 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 324,458.80 % of Bond Portfolio 100% Account Page 5 of 8 Consolidated Statement Page 33 EFTA01539742 EFTA01539743 FINANCIAL TRUST COMPANY INC ACCT. For the Period 5/1/12 to 5/31/12 Cash & Fixed Income Detail Quantity Price Cash US DOLLAR US DOLLAR Total Cash 1.00 1.00 307,493.76 Margin 16,965.04 Short 307,493.76 16,965.04 $324,458.80 307,493.76 16,965.04 $324,458.80 $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 34 EFTA01539744 FINANCIAL TRUST COMPANY INC ACCT. For the Period 5/1/12 to 5/31/12 Portfolio Activity Summary Beginning Cash Balance Transactions Income INFLOWS Total Inflows OUTFLOWS ** Total Outflows Short Fees Charged Ending Cash Balance Current Period Value 325,490.36 (1,004.96) ($1,004.96) (26.60) ($26.60) $324,458.80 * 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 INFLOWS & OUTFLOWS Type Settle Date Selection Method 5/7 5/7 5/21 5/21 5/21 5/29 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 SHORT POS SUB-ACCOUNT: SHT Mark to Market Adj MARK TO MARKET SUB-ACCOUNT: MGN Misc Debit SHORT DEBIT FEE 04/21-05/20 SUB-ACCOUNT: MGN Mark to Market Adj MARK TO MARKET SUB-ACCOUNT: MGN Account Page 7 of 8 Quantity Cost Per Unit Amount Amount (975.00) 975.00 (2,535.00) 2,535.00 EFTA01539745 (26.60) 735.00 Consolidated Statement Page 35 Year-To-Date Value* -(1,004.96) ($1,004.96) (124.18) ($124.18) EFTA01539746 FINANCIAL TRUST COMPANY INC ACCT. For the Period 5/1/12 to 5/31/12 INFLOWS & OUTFLOWS Type Settle Date Selection Method 5/29 5/31 Foreign Dividend Total Inflows & Outflows Description Mark to Market Adj MARK TO MARKET SHORT POS SUB-ACCOUNT: SHT TELEFONICA S A SPONS ADR DIV CHG 1500 SHS SHORT SUB-ACCOUNT: SHT (ID: 879382-20-8) ($1,031.56) Quantity Cost Per Unit Amount Amount (735.00) (1,004.96) Account Page 8 of 8 Consolidated Statement Page 36 EFTA01539747 For the Period 5/1/12 to 5/31/12 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. 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. When J.P. Morgan is unable to obtain a price from an internal or outside source for a particular ARS, the price column on your statement will indicate "unpriced". Valuations of over-the-counter derivative transactions, including certain derivatives-related deposit products, have been prepared on a mid-market basis. These valuations are sourced from the various issuers of the securities or they are sourced from a third party valuation provider. J.P. Morgan expressly disclaims any responsibility for (1) the accuracy of the models or estimates used in deriving the valuations, (2) any errors or omissions in computing or disseminating the valuations, and (3) any uses to which the valuations are put. Valuations are provided for information purposes only and are intended solely for your own use. Please refer to the trade confirmation for details of each transaction. 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 EFTA01539748 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. In cases where we are unable to obtain a current market value from an internal or outside source for a particular security, the price column on your statement will indicate "unpriced". Although such securities may have value, please note that the value of a security indicated as "unpriced" will not be included in your overall current market value as reflected on the statement. J.P. Morgan makes no representation, warranty or guarantee, express or implied, that any quoted value represents the actual terms at which securities could be bought or sold or new transactions could be entered into, or the actual terms on which existing transactions or securities could be liquidated. Such values may only be indicative. When we are unable to obtain a current value from an internal or outside source for a particular security, the price column on your statement will indicate "unpriced". If a partial call is made with respect to an issue of securities included in your Accounts we will allocate the call by a method we deem fair and equitable. To the extent applicable, please note the following regarding estimated annual income (EAI) and estimated yield (EY): EAI and EY for certain types of securities could include a return of principal or capital gains in which case the EAI and EY would be overstated. EAI and EY are estimates and the actual income and yield might be lower or higher than the estimated amounts. EY reflects only the income generated by an investment. It does not reflect changes in its price, which may fluctuate. Offshore Deposits - London and Nassau Disclosures Page 1 of 4 EFTA01539749 For the Period 5/1/12 to 5/31/12 Deposits in Foreign Branches are not insured by the FDIC or any other Agency of the Federal Government; amounts in such foreign accounts do not have the benefit of any domestic preference applicable to U.S Banks; certain Foreign accounts are considered reportable to the Internal Revenue Service on a Report of Foreign Bank and Financial Accounts (TD F 90-22.1). Bank products and services are offered through JPMorgan Chase Bank, N.A. ("JPMCB") and its banking affiliates. Securities are offered by J.P.Morgan Securities LLC ("JPMS") and, to the extent noted below, cleared through J.P. Morgan Clearing Corp. ("JPMCC"). Neither JPMS, nor JPMCC is a bank and are each separate legal entities from its bank or thrift affiliates. Investment Prod