EFTA02698368.pdf

Valuations 4/30/12 WEiteatt) EFTA_R1_02058779 EFTA02698368  JEE and Rotated Entries ',vestment Summary 4t3c112 Cash 8 EcsovitantS Financial Trust Ccrripary. (see note below) 7,577,210 J Epsten 1.567,777 HAZE Trual 2.627.281 FT Real Estate 85.024 Epstein Interests 111,610 J Epstein VI Fan:low 5.790.831 COUO 3.045 Total Cast & Equivalerss 17771.778 Less Cash in Operating Acoounts (836.731) Cash FOullatiOnS (5.914,486) (6.751.217) Total Ave. ace Cash 8 tem/eV:Ms 11.020.561 JP Morgan Trading Account (cash. seci..nbes. Cenvilives). FTC 75.144.609 JP Morgan Tracring Amour. (cash. secure es. Denntives). HAZE 20.796.568 Marketable SecuritAS -ttmv) 6309642 Investment Islam Yacht Harbor (per JEE) 1000000 investment KCAC .110 (at cost) 1047.CCO Settlements -00Z 76.000.000 Partnership Investments 97.630.903 (see attacnec sr-neerriel Total • 288 949.181 Va:Je Above 288.949.181 MAW:helms °parsing Cash 838.731 Loans Receisable 3.058.345 Total per attached valuation Schectde 292.874,257 • lnyestment partnetshos are subject to venous reactions on wehdrawa4s, and therefore. 292 874,257 the liming c availably a lands will be so anted EFTA_R1_02058780 EFTA02698369  J EPSTEIN S RELATED ENTITIES VALUATIONS CASFILJABIUTiES.INvESTMENTS 4130112 FINANCIAL TRUST COMPANY 0131112 04/3012 01(01112 YTD April ACCOUNTS VALUATION PERFORMANCE J P MORGAN 7.815.003 / 206,306 JP Maw TiateroMeant 75.521.705 75.144,609 OTNF-R 8M4K ACCOUNTS 150336 273.860 JPM (Bea Sleamm 6.106,511 5944.731 INVESTMENTS AP TECHAOLOGY(LEON BLACK) 250.000 250,000 A P SHL NVESTOR 1.030.003 1.000030 TUDOR FUTURES 16.315213 16.298.799 15917.403 238% -011% HIGHS/60CE CAPITAL 18,098.296 18.031,151 17 097.994 546% .036% - • ML HERTZ 3.870090 3.969 321 RENAISSANCE INST EQUITY FUND 1.272.150 /45 1231637 829% 484% 1-emery Match BEM STEARNS ASSN Rvaed Stovall% (7/31C9 vat 331.682 311.382 Ervananenlal Soksons (Rocs cedo4cate/ 1055.897 461.955 Sell areas DO 2PARN SPECIAL CPPURTUNITIES FUND 76.000000 76,000.000 see lootnote SFr Ewain INVESTMENT KCAC l I C (al sea/ 1.047000 1047,003 etrel INVESTMENT Island Yacht Farber 1030.030 1.0000E0 INVESTMENT Mal Inc (at c:osu 5C0.030 FT Rea EMI,* loath balance) 86,664 65 024 FT Real Estate • Investment 0 pump al cost 920.500 920.500 CHECKING/SAVINGSACCOUNTS 1.842.643 836.731 LOANS 011E FROM INOVICMALS 2,491.845 2.491.845 CORE CLUB NOTE mow 100,000 LYNN JOJO HOUSE 496.530 496.500 • BROKERAGE ACCOUNTS JPM (Elea Steams) 666.114 666 214 J P MORGAN 58.708 56 788 Bale*/ bun &CM 0 044 NAZE This. HIGMBRIDGE CAPITAL 33.181,991 33 062 536 312134.774 535% -036% KING STREET 21159.381 21.935 869 21 123.753 384% 035% JP Magee Cash 4.126852 7.627.281 .1P Morgan 23 506.170 20.796.566 TOTAL 295.970556 292.874257 THESE AMOUNTS 00 NOT INCLUDE HOUSES. AIRPLANE.F1XTURES & OTHER ASSETS more Y 444W401•TINOy 923 nelbonm Freer/cmAd rot stifled abase EFTA_R1_02058781 EFTA02698370  JEE and Rotated Entitles Cash Summary 4/30112 JPM 3.827.370 JPM Wear Stearns) 3.475.990 Rank accounts 273.860 7.577.2W JEE Bart accounts 836.731 838.731 JPM Wear Stearns) 666.214 JPM 56.758 Buttery Tetra! (Bear Stearns) 8.044 1.567.777 HAZE Trust JPM 2.627.281 2.827.281 FT Real Estate 05.024 85.024 Epstein Interests 111.610 J Epstein VI Foundation 5,655,833 J Epstein VI Fousdation(accrued 143.998 COLX1 3.045 5.914 486 Total Cash 17.771,776 17,771.778 Iris does rol include cash r JP Morgan trading account There is aPProxirnalley 52 3 million n Freedom As not IncLoded above EFTA_R1_02058782 EFTA02698371  Reconciliation of large items Value 3/31112 295.979.556 Partnerships 33.318 see below JPM Trading account- FTC (377.097) JPM Trading account- HAZE 288.396 Securities (1.161.766) Dividends/interest 8.256 Appollo Dividend cash spent: JEE (1.807.552) FTC (106.476) Cash received from sale Of Bell 407 not included in this report cash received BSABS 17.622 change in loan account miscellaneous total 292.874.257 Value 4130/12 292.874,257 Partnerships FTC TUDOR FUTURES (18.414) FTC HIGHBRIDGE CAPITAL (65.147) FTC ML HERTZ 98,231 FTC RENAISSANCE INST EQUITY FUND 61.595 Haze If1GIIBRIOGE CAPITAL (119.455) Han KING STREET 76.508 33.318 DBZ- This is based on the following assumptions: 1) the fund will recognize a withdrawal amount payable to Jeepers totaling $70 million 70.000.000 2) Jeepers will receive an interest of G Oubins ptshp interest valued at approx $3.8 million with a 5.000,000 backstop payment from G Dubin equal to the excess of $5 million over the aggregate value of as distributions made with respect t0 this investment 3) JEE will pay $1 million for Zwirns interest in Corbin. JEE will rercieve all distributions upto $2 million 1.000.000 and the remaining distributions will be divided 50/50 between JEE and Zwirn 76.000.000 the June 30,2011 valuations(prior to the settlement) valued 082 at 18.688.906 (May valuation) • 44,850.660 receivable Total was 63.53%566 Thus the value as a result of the $76 million settlement increased by 12.460.434 from the valuation reported on June 30.2011 EFTA_R1_02058783 EFTA02698372  JEF and Related Entities Available Equity for Investments 4/30,12 Securities Long O Fair Market Value 4130112 3131112 gain loss) 13.198.711 Erwrnornental Solutions (stock certificate) 481.955 1.055.897 (593.942) 35.250 Mane Retail (received for 75.000 TWB) 1.443.840 1.562.280 (118.440) 151,494 Envimometuat Solutions 5.302 12.120 (6.818) mom Bombardier 84.665 83,026 1,639 21.753 JP Morgan 934.944 1.000.203 (85.259) 283.157 Apollo Global Management 3.378.938 3.757.882 (378,948) 6,309,642 7,471,408 (1.161.766) JPM Trading (see attached) unrealized 6742.439 Net PM 2010 (1,519.390) realized-2010 (6.959.209) NM P812011 (741.002) realized-2011 1,541.549 NM PSI 2012 4,883,681 realized-2012 2.298.350 2.623.129 2.823,129 Investments ala 4130/12 at Fair Market Value FTC TUDOR FUTURES 16.208.799 FTC HIGHBRIDGE CAPITAL 18.031,151 FTC M. HERTZ 31388.321 FTC RENAISSANCE INST EQUITY FUNO(Marc9) 1.333,745 FTC ABS Trust (last valuation 7/31)09. FTC receives Monthly distributions) 331,882 HAZE HIGIMRIDGE CAPITAL 33.082.536 HAZE KING STREET 21.935.889 FT Really Advance Star LW (cost basis) 700,000 FT Reeky Lofts 21 LLC (cost basis) 22O500 JEE Mort Inc 500.000 nrt 6.380 - .803 FTC AP TECHNOLOGY(wnle down) 250000 FTC AP SHL INVESTORS (write Wen) 1.000,000 1 250COQ Total Partnership Investments 97.630 803 EFTA_R1_02058784 EFTA02698373  Finsnoa! Tons Company Analysis of ineestmerns inv.-wren. PMSr unrealized 4/30/12 Gan(Ion) Kl Hen: 12/15/05 5.100.000 churn:potions 8/11/0 12.160.0211 ciestnbueons 12/11/06 (560.006) distributions 7/26/07 (2.440.906) 0,400salons 4/20/11 (1.297.352) 14,338.285) 3,968.321 5,326.606 redemption partner**, ts Mould end therefore no redemption allowed status «Myra, fraturrent of 500,003 s21172 Recebed didnbution of 112.744 and 92.209 di of N12. Comet underly,48 myearnent n 294,986 ds MTZ VaTue10m b. bawd on the value of W72(4 /30/12 "515.41/ 4wf awe) 85.455 11/29/06 10,030000 &nib-Irons 13.727.0521 6.272.946 331,882 15.941.0461 Itiehbrdde 0244 Coto 1/11/01 25000000 didnbunoni 2/28/06 (25.000.000) 18,012.151 18.031,151 ibis repiesents the total of ~bridge Capetal Corp. and MILM0d1tralemy 710/Oree ltd. 06 twin 4 79102 toffitooci 8130102 10.000.000 12/7/02 30.000.000 6/2/03 /0400000 1/3/05 20,003,100 80.000000 76.000.000 (4.000.0001 DBZ.seldernant TM pe based On the lolloanno assonspficns RwMrowdnesognOvaWEgawpansoonlpayadetoJerpe.rototaaiy570mhen 70.00.00 Janawiz recent an =Merril of C. Ovrmni pigs" enwest vs!~ el aOsxox $38 maw with a 5.000,600 backelop ere mere from G Cubs sower to vie excess of 15 rndrion over !he Egregree »LI* of at 4.51..b.Woni made iv.* .enpert to this nvegentat f ~IC.« ti indiqr lot &inn in:vest inCorbin IEF %%40 re:cleye el digribtabons Mt $2 matron 1.000000 and tbe rema flung claitybOils w• I ba on0ed 14950 ~ear JEt arid Irmre 76,000,000 AP Sill lion, AP 'eChf.C.laty 1/9/02 910,562 7/7/07 (122,5701 7/14/08 1107.0131 4/24/10 1154,5071 526,437 250400 1276.437) (Per *El AP Tr/kn.:Joey Mal, Noy 2000 1,222.1814. 1/9/02 1.000,000 lo AP SHI. 1/9/04 1910.5621 12/23/09 (55A17) 1,256.105 1,800,040 (256.205) We, ICE) ClettOup Rtriarttarte 8/21/06 1,010,000 1.333.745 323.743 Merit' Tudor 1/30/01 5,020.030 16,296,799 11,296,799 EFTA_R1_02058785 EFTA02698374  Haze Trust Analysis of Investments Investment FMV unrealized 4/30/12 Gain(loss) Highbridge Capital 4/20/99 10.041,666 33,062,536 23,020,870 This represents the total of Highbridge Capital Corp. and HS Multi•Strategy Holdings ltd. King Street 11/1/99 10,000,000 7/28/10 50% redemption (20,090,787) (10,090,787) 21.935,869 32,026,656 EFTA_R1_02058786 EFTA02698375  ENHANCED EDUCATION 4130/12 PARTNERSHIPS IL RECEIVABLES TOTµ CASH SECURITIES BEAR STEARNS 6.056.210 5.511216 143098 BANK 144.615 144015 anal wen% payment • COLMAN SACHS • • TOTAL. 5 790831 6 865 B33 143.M 3.405050 Farm Group 11/16.09 7 5% (1w crated ba garacrans) a default (Rear Steams dhows 8rrm Face These %Mew% Octal reduce lace Gy peaecuaffs) COLIC FOUNDATION 4/30(12 PARTNFRSItPSB RECEIVABLES TOTAL CASH SECURITIES BEAR STEARNS BANK 3 045 3045 GO. DIstAN SACHS TOTAL 3 045 3 045 EPSTEIN INTERESTS 440112 PARTNERSHIPS£ RECEIVABLES TOTAi CASH SEWRITICS BEAR STEARNS BANK 111.610 111;10 ,I.610 111 610 EFTA_R1_02058787 EFTA02698376  Environmental Solutions Shares Financial Trust Company Basis Date Shares Cost per share May-05 100,000 72,020.00 0.7202 (average) 4/21/05 2,352,941 2,000,000.00 0.8500 3/19/10 2,002,959 1,001,479.45 (includes 1,479.45 of interest on debentures) 0.5000 11/30/10 175,883 premium for conversion from 9% debentures 0 6/30/11 6,333,333 add.' shares based on 3/19/10 purchase for 0 consummation of bridge loan financing 6/30/11 2,333,595 280,031.40 subscription rts @ .12 on 4,531,783 shares 0.12 offer at .51494 sh per share 6/30/11 51,494 6,179.28 subscription its @ .12 on 100,000 shares 0.12 offer at .51494 sh per share 13,350,205 3,359,710.13 78,199.28 at JP Morgan 3,281,510.85 certificate 98L9gOZO— L8—Vid3 EFTA02698377  Seal Stearns Assist Backed Securities Distribudons Received FTC Total Partnership 8 Trust Partnership Trust 1/9/08 1,047,291.00 1,047,291.00 3/12/08 431,015.00 431,015.00 4/14/08 147,707.00 147,707.00 5/14/08 147,707.00 147,707.00 6/16/08 )35,377.00 135,377.00 7/16/08 110,711.00 110,711.00 8/21/08 110,615.00 110,615.00 9/25/08 110,578.00 110,578.00 10/29/08 92,127.00 92,127.00 11/25/08 85,953.00 85,953.00 12/22/08 73,670.00 73,670.00 1/23/09 73,670.00 73,670.00 2/20/09 73,614.00 73,614.00 3/12/09 67,434.00 67.434.00 4/30/09 66,443.00 66,443.00 5/29/09 57.986.00 57,986.00 7/24/09 Note A 84,387.00 84,387.00 8/26/09 47,911.00 47,911.00 9/21/09 35,711.00 35,711.00 12/2/09 87,895.00 87,895.00 1/8/10 25,073.30 25,07830 2/8/10 31,073.84 31,073.84 3/8/W 33,605.83 33,605.83 4/8/10 22,613.71 22,613.71 5/10/10 26,315.18 26,315.18 6/8/10 25,243.91 25,243.91 7/8/10 19,961.45 19,961.45 8/10/10 22,012.08 22,012.08 9/8/10 24,989.61 24,989.61 10/13/10 20,527.91 20,527.91 11/8/10 73,336.55 23,336.55 12/8/10 25,234.17 25,234.17 1/10/11 24,623.91 24,623.91 1/31/11 Note 8 25,793.17 25,793.17 2/8/11 76,966.92 26,966.92 3/8/11 26,313.00 26,313.00 4/8/11 21,112.75 21,112.25 5/9/11 21,557.96 21,557.96 6/9/11 18,678.74 18,678.74 7/8/11 16,690.35 16,690.35 8/8/11 15,596.19 15,596.19 9/8/11 16,81012 16,810.22 10/12/11 15,819.76 15,819.76 11/8/11 17,377.32 17,377.32 12/8/11 17,832.49 17,832.49 1/9/12 18,088.73 18,088.73 2/8/12 18,611.56 18,611.56 3/9/12 19,767.40 19,767.40 4/9/12 17,622.23 17,622.23 Total 3,727,051.74 3,113,595.17 613,456.57 3,727,051.74 FTC invested $10,000,000 )n Ben Stearns Asset Backed Securities on 11/19/06 Dtstribunons are based on maturing assets NOTE A: (represents 2 months per Dorotny OrSorSkY) NOT E B: laudt adjustment in partnership) EFTA_R1_02058789 EFTA02698378