EFTA00837696.pdf

From: "Jeffrey E." <[email protected]> To: Subject: Re: King Street Capital Date: Tue, 29 Dec 2015 21:49:23 +0000 pull it all On Tue, Dec 29, 2015 at 4:43 PM wrote: just spoke with king street and confirmed their redemption policy is as follows: 1) quarterly with 65 days notice - therefore deadline for 3-31-2016 withdrawal is january 26, 2016 2) can only redeem 25% per quarter - however if we want to fully withdraw we must put in all at once or 25% will reset with balance each quarter example: 11-30-2015 Haze balance is 27,586,581 25%-> 6,896,645 (would be paid 3-31-2016) Balance in fund 20,869,936 If we only put in 25% on 1-26-2016 then maximum amount we can take out on 6-30-2016 is 20,869,936 x 25% or 5,172,484 Other Facts 11-30-2015 book value 27,586,581 12-31-2014 tax basis (est) 24,200,000 capital gain on sale 3,386,581 just reviewed 12-31-2014 JEE form 1040 and you have a 32,593,747 capital loss carryfoward suspended passive losses that will be freed up on sale are 4,105,105 (note there must be 100% disposition of King Street in 2016) i believe this will create a huge tax advantage capital gain will be negated by capital loss carry forward so no tax effect passive loss carry forward will all be treated as ordinary losses on schedule e (form 1040 line 17) which will be a dollar for dollar reduction of AGI (lets discuss ordinary vs EDC deduction) HBRK Associates Inc. 575 Lexington Avenue 4th Floor New York NY 10022 tel fax cell EFTA00837696 Begin forwarded message: From: King Street Investor Reports <I Subject: King Street Capital, - Monthly Estimate - 11/30/2015 Date: December 7, 2015 at 5:29:44 PM EST To: Undisclosed recipients:; King Street Capital Management, 65 East 55th St. 30th Floor New York, NY 10022 Tel: 2 l2-812-3130 Fax: 212-796-1720 E-mail: Website: Begin forwarded message: From: < Subject: ny123 King Street Capital, Investor: The Haze Trust Holder Id:07137901 Date: December 22, 2015 at 5:47:33 PM EST To: This e-mail is confidential. It may also be legally privileged. If you are not the addressee you may not copy, forward, disclose or use any part of it. If you have received this message in error, please delete it and all copies from your system and notify the sender immediately by return e-mail. Internet communications cannot be guaranteed to be timely, secure, error or virus-free. The sender does not accept liability for any errors or omissions. "SAVE PAPER - THINK BEFORE YOU PRINT!" please note EFTA00837697 The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to [email protected], and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA00837698