EFTA01539038

HARRY BELLER C/O HBRK ASSOCIATES 301 E 66TH ST APT 10F NEW YORK NY 10065-6216 EFTA01539038 EFTA01539039 For the Period 11/1/11 to 11/30/11 Account Summary Account Number Investment Account(s) FINANCIAL TRUST COMPANY INC FINANCIAL TRUST COMPANY INC Total Value 2 Beginning Net Market Value 69,332,819.03 295,179.02 $69,627,998.05 Ending Net Market Value 68,581,101.39 297,493.86 $68,878,595.25 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 (751,717.64) 2,314.84 ($749,402.80) Start on Page 4 28 0000005175.15.0.15.00001.BELLE18.20111202 Consolidated Statement Page 1 1 EFTA01539040 EFTA01539041 THIS PAGE INTENTIONALLY LEFT BLANK EFTA01539042 For the Period 11/1/11 to 11/30/11 Consolidated Summary INVESTMENT ACCOUNTS Asset Allocation Equity Alternative Assets Cash & Fixed Income Market Value Accruals Market Value with Accruals Beginning Market Value 23,078,193.08 4,591,876.09 41,555,631.25 $69,225,700.42 402,297.63 $69,627,998.05 Ending Market Value 23,092,595.28 4,347,376.66 41,011,116.90 $68,451,088.84 427,506.41 $68,878,595.25 Change In Value 14,402.20 (244,499.43) (544,514.35) ($774,611.58) 25,208.78 ($749,402.80) Equity Estimated 725,235.75 Current Annual Income Allocation 34% 6% 1,569,501.58 $2,294,737.33 60% 100% Alternative Assets Cash & Fixed Income Asset Allocation Current EFTA01539043 Portfolio Activity Beginning Market Value Net Contributions/Withdrawals Income & Distributions Change in Investment Value Ending Market Value Accruals Market Value with Accruals Period Value 69,225,700.42 (7,392.75) 199,384.11 (966,602.94) $68,451,088.84 427,506.41 $68,878,595.25 Year-to-Date Value 73,399,279.03 (3,962,398.13) 2,011,642.23 (2,997,434.29) $68,451,088.84 427,506.41 $68,878,595.25 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 EFTA01539044 For the Period 11/1/11 to 11/30/11 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 67,648,956.00 5,750,323.03 $73,399,279.03 Taxable Income 1,987,567.27 (1,580.16) $1,985,987.11 Net Contributions/ Withdrawals 1,373,399.82 (5,335,797.95) ($3,962,398.13) Tax-Exempt Income 655.12 $655.12 'Unrealized Gain/Loss represents data from the time of account inception to the current statement period. Other Income & Receipts 25,000.00 $25,000.00 Income & Distributions 2,013,222.39 (1,580.16) $2,011,642.23 Change in Investment Value EFTA01539045 (2,881,983.23) (115,451.06) ($2,997,434.29 ) Realized Gain/Loss Short-term 997,581.75 603,844.31 $1,601,426.06 $487,685.22 Long-term 487,685.22 Ending Market Value with Accruals 68,581,101.39 297,493.86 $68,878,595.25 Unrealized Gain/Loss, (1,032,749.23) 1,954.63 ($1,030,794.60) CONTINUED Consolidated Statement Page 3 EFTA01539046 JPMorgan Chase Bank, N.A. 270 Park Avenue, New York, NY 10017-2014 FINANCIAL TRUST COMPANY INC ACCT. For the Period 11/1/11 to 11/30/11 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.MorganOnline.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 8 10 17 Account Page 1 of 24 Consolidated Statement Page 4 EFTA01539047 FINANCIAL TRUST COMPANY INC ACCT. For the Period 11/1/11 to 11/30/11 Account Summary Asset Allocation Equity Alternative Assets Cash & Fixed Income Market Value Accruals Market Value with Accruals Beginning Market Value 23,110,248.08 4,591,876.09 41,228,397.23 $68,930,521.40 402,297.63 $69,332,819.03 Ending Market Value 23,120,720.28 4,347,376.66 40,685,498.04 $68,153,594.98 427,506.41 $68,581,101.39 Current Portfolio Activity Beginning Market Value Contributions Withdrawals & Fees Securities Transferred In Securities Transferred Out Net Contributions/Withdrawals Income & Distributions Change In Investment Value Ending Market Value Accruals Market Value with Accruals ($7,357.75) 200,964.27 (970,532.94) $68,153,594.98 427,506.41 $68,581,101.39 (7,357.75) Period Value 68,930,521.40 Change In Value 10,472.20 EFTA01539048 (244,499.43) (542,899.19) ($776,926.42) 25,208.78 ($751,717.64) Equity Year-to-Date Value 67,648,956.00 5,901,714.87 (4,111,383.65) 5,022,500.00 (5,439,431.40) $1,373,399.82 2,013,222.39 (2,881,983.23) $68,153,594.98 427,506.41 $68,581,101.39 Estimated 727,803.75 Current Annual Income Allocation 34% 6% 1,569,501.58 $2,297,305.33 60% 100% Alternative Assets Cash & Fixed Income Asset Allocation Account Page 2 of 24 Consolidated Statement Page 5 EFTA01539049 FINANCIAL TRUST COMPANY INC ACCT. For the Period 11/1/11 to 11/30/11 Account Summary Tax Summary Domestic Dividends/Distributions Foreign Dividends Currency Gain/Loss Interest Income Ordinary Income Original Issue Discount Accrued Interest Current Year Accrued Interest Subsequent Year Taxable Income Tax-Exempt Income Bond Premium Amortization Tax-Exempt Income Cash Receipts Other Income & Receipts Cost Summary Equity Cash & Fixed Income Total (8,844.44) $200,309.15 694.44 (39.32) $655.12 CONTINUED Current Period Value 81,250.00 Year-to-Date Value 490,215.92 109,055.00 127,276.13 627.46 (1,140,086.98) 2,624,088.11 42,329.12 79,731.70 (198,265.60) (19,500.00) $1,987,567.27 694.44 (39.32) $655.12 25,000.00 $25,000.00 42,725,359 12 Cost EFTA01539050 24,495,924.84 $67,221,283.96 ST Realized Gain/Loss LT Realized Gain/Loss Realized Gain/Loss Current Period Value 292,938.35 $292,938.35 Year-to-Date Value 997,581.75 487,685.22 $1,485,266.97 Unrealized Gain/Loss To-Date Value ($1,032,749.23) Account Page 3 of 24 Consolidated Statement Page 6 EFTA01539051 FINANCIAL TRUST COMPANY INC ACCT. For the Period 11/1/11 to 11/30/11 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 7,591,500.00 590,000.00 2,194,845.00 12,733,903.08 $23,110,248.08 Ending Market Value 7,482,300.00 516,500.00 2,084,275.00 13,037,645.28 $23,120,720.28 Current Period Value 23,120,720.28 24,495,924.84 (1,750,669.84) 727,803.75 94,104.71 3.14% US Large Cap Equity Change In Value (109,200.00) (73,500.00) (110,570.00) 303,742.20 $10,472.20 Current Allocation 11% 1% 3% EFTA01539052 19% 34% US Small/Mid Cap Equity Concentrated & Other Equity Preferred Stocks Asset Categories Equity as a percentage of your portfolio - 34 % Account Page 4 of 24 Consolidated Statement Page 7 EFTA01539053 FINANCIAL TRUST COMPANY INC ACCT. For the Period 11/1/11 to 11/30/11 Note: 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 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 SG MARKET PLUS SPX 6/20/12 74% CONTIN BARRIER-0%CPN ,UNCAPPED INITIAL LEVEL-03/16/11 SPX: 1256.88 78423A-L3-4 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 $7,482,300.00 $8,000,000.00 ($517,700.00) $0.00 0.00% 95.27 2,000,000.000 1,905,400.00 2,000,000.00 (94,600.00) 98.07 5,000,000.000 4,903,500.00 5,000,000.00 (96,500.00) Quantity Value Adjusted Tax Cost Original Cost Unrealized Gain/Loss Est. Annual Inc. Accrued Div. Yield EFTA01539054 67.34 1,000,000.000 673,400.00 1,000,000.00 (326,600.00) US Small/Mid Cap Equity DEUTSCHE BK AG LDN BRH 10.33 DBL LONG ETN38 25154H-55-8 DAG 50,000.000 516,500.00 352,529.00 163,971.00 Account Page 5 of 24 Consolidated Statement Page 8 EFTA01539055 FINANCIAL TRUST COMPANY INC ACCT. For the Period 11/1/11 to 11/30/11 Price Preferred Stocks 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 PUBLIC STORAGE 6.35% PFD 74460D-12-5 PSA PRNA /BAA Total Preferred Stocks $2,084,275.00 $2,152,565.50 ($68,290.50) $164,178.75 $17,938.46 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 3,007,792.80 USD NOTIONAL APPLE INC MAT FEB 03 2012 DEAL 6505432 N/O Client SWPBDH-AY-3 42.38 8,860.000 375,465.28 N/A ** N/A 105.78 5,000,000.000 5,288,850.00 5,404,861.12 (116,011.12) 395,000.00 34,010.00 7.44% 7.88% 26.45 16,000.000 423,200.00 EFTA01539056 400,000.00 23,200.00 25,392.00 6.00% 25.67 30,000.000 770,100.00 750,000.00 20,100.00 Quantity Value Adjusted Tax Cost Original Cost Unrealized Gain/Loss Est. Annual Inc. Accrued Div. Yield 22.70 39,250.000 890,975.00 1,002,565.50 (111,590.50) 79,716.75 17,938.46 59,070.00 8.95% 7.67% 34.18 71,000.000 2,426,780.00 3,585,969.22 (1,159,189.22) 168,625.00 42,156.25 6.95% Account Page 6 of 24 Consolidated Statement Page 9 EFTA01539057 FINANCIAL TRUST COMPANY INC ACCT. For the Period 11/1/11 to 11/30/11 Price Concentrated & Other Equity MS MARKET PLUS MO 06/18/12 78% CONTIN BARRIER-15%CPN ,UNCAPPED INITIAL LEVEL-12/09/10 MO: 24.59 617482-QA-5 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 Total Concentrated & Other Equity $13,037,645.28 $13,990,830.34 ($1,328,650.34) $563,625.00 $76,166.25 4.31% 73.46 2,000,000.000 1,469,100.00 2,000,000.00 (530,900.00) Quantity Value Adjusted Tax Cost Original Cost Unrealized Gain/Loss Est. Annual Inc. Accrued Div. Yield 115.92 3,000,000.000 3,477,450.00 3,000,000.00 477,450.00 Account Page 7 of 24 Consolidated Statement Page 10 EFTA01539058 FINANCIAL TRUST COMPANY INC ACCT. For the Period 11/1/11 to 11/30/11 Alternative Assets Summary Beginning Asset Categories Hard Assets Note: Estimated Value 4,591,876.09 P indicates position adjusted for Pending Trade Activity. Alternative Assets Detail Price Hard Assets P CORN LONG FORWARD CONTRACT 2,041,825.00 USD NOTIONAL 67.00 NOTIONAL CONTRACTS (335K BSH) 6.095 FORWARD RATE 12/02/2011 MATURITY DEAL 40996151 N/O Client CFCONT-GJ-3 CORN SHORT FORWARD CONTRACT 2,274,650.00 USD NOTIONAL 67.00 NOTIONAL CONTRACTS (335K BSH) 6.79 FORWARD RATE 12/02/2011 MATURITY DEAL 41129331 N/O Client CFCONT-GM-6 323,251.66 1.000 323,251.66 0.00 90,443.47 0.00 Quantity Estimated Value Cost Ending Estimated Value 4,347,376.66 Change In Value (244,499.43) Current Allocation 6% Account Page 8 of 24 Consolidated Statement Page 11 EFTA01539059 FINANCIAL TRUST COMPANY INC ACCT. For the Period 11/1/11 to 11/30/11 Price Hard Assets 3PM CORN DLY LIQUIDITY NT 07/25/13 LNKD TO DJUBCN3T 07/22/10 48124A-WK-9 Total Hard Assets $4,347,376.66 $2,512,500.00 160.97 2,500,000.000 4,024,125.00 2,512,500.00 Quantity Estimated Value Cost Account Page 9 of 24 Consolidated Statement Page 12 EFTA01539060 FINANCIAL TRUST COMPANY INC ACCT. • For the Period 11/1/11 to 11/30/11 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 19,539,018.15 1,167,988.76 20,280,887.50 367,069.90 781,019.81 (907,586.89) $41,228,397.23 Ending Market Value 19,772,104.69 1,127,249.81 19,582,378.00 363,763.70 762,906.87 (922,905.03) $40,685,498.04 Current Period Value 40,685,498.04 42,725,359.12 (1,116,956.05) 1,569,501.58 333,401.70 3.75% US Fixed Income Change In Value 233,086.54 (40,738.95) (698,509.50) (3,306.20) EFTA01539061 (18,112.94) (15,318.14) ($542,899.19) Current Allocation 29% 2% 27% 1% 1% 60% Non-US Fixed Income Complementary Structured Strategies Non-USD Cash Cash Asset Categories Cash & Fixed Income as a percentage of your portfolio 60 % Account Page 10 of 24 Consolidated Statement Page 13 EFTA01539062 FINANCIAL TRUST COMPANY INC ACCT. For the Period 11/1/11 to 11/30/11 SUMMARY BY MATURITY 1 Cash & Fixed Income 0-6 months 6-12 months, 1-5 years, 5-10 years, 10+ years, Total Value 1 SUMMARY BY TYPE Market Value 20,673,861.37 988,400.00 11,213,808.00 4,875,000.00 3,857,333.70 $41,608,403.07 % of Bond Portfolio 52% 2% 26% 11% 9% 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 Complementary Structure Total Value Market Value 19,772,104.69 1,127,249.81 17,794,428.00 2,151,713.70 762,906.87 $41,608,403.07 % of Bond Portfolio 50% 2% EFTA01539063 42% 5% 1% 100% Account Page 11 of 24 Consolidated Statement Page 14 EFTA01539064 FINANCIAL TRUST COMPANY INC ACCT. For the Period 11/1/11 to 11/30/11 Cash & Fixed Income Summary NET FX CONTRACTS EXPOSURE SUMMARY Value SINGAPORE DOLLAR US DOLLAR in Currency 3,183,000.00 (3,407,586.89) Note: 1 This is the Annual Percentage Yield (APY) which is the rate earned if 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. Cash & Fixed Income Detail Price Cash US DOLLAR PROCEEDS FROM PENDING SALES Total Cash 1.00 1.00 19,539,279.69 232,825.00 19,539,279.69 232,825.00 $19,772,104.69 19,539,279.69 232,825.00 $19,772,104.69 $0.00 $5,861.78 $479.26 Non-USD Cash CANADIAN DOLLAR 0.03% 5,861.78 479.26 0.03% Quantity Value Adjusted Tax Cost Original Cost Unrealized Gain/Loss Est. Annual Income Accrued Interest Yield 0.98 EFTA01539065 0.01 0.01 0.01 Account Page 12 of 24 Consolidated Statement Page 15 EFTA01539066 FINANCIAL TRUST COMPANY INC ACCT. For the Period 11/1/11 to 11/30/11 Price Non-USD Cash EURO PRINCIPAL CURRENCY Total Non-USD Cash 1.35 837,388.58 1,127,249.80 $1,127,249.81 1,099,726.08 $1,099,726.09 27,523.72 $27,523.72 $0.00 0.00% Quantity Value Adjusted Tax Cost Original Cost Unrealized Gain/Loss Est. Annual Income Accrued Interest Yield US Fixed Income AMERICAN CAPITAL LTD 100.48 8.96% DEC 31 2013 DTD 06/28/2010 02503Y-AF-0 B- /NA FELCOR LODGING LP 10% OCT 01 2014 DTD 10/01/2009 31430Q-BA-4 NA /B2 FORD MOTOR CREDIT CO LLC SR NOTES 7% APR 15 2015 DTD 04/09/2010 345397-VN-0 BB+ /BA1 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 B+ /B2 98.75 5,000,000.00 4,937,500.00 4,725,000.00 EFTA01539067 212,500.00 107.65 1,200,000.00 1,291,788.00 1,278,000.00 13,788.00 84,000.00 10,732.80 99.75 1,500,000.00 1,496,250.00 1,530,000.00 (33,750.00) 97,500.00 28,707.00 350,000.00 20,415.00 4.53% 107.00 2,321,000.00 2,483,470.00 2,442,852.50 40,617.50 232,100.00 38,681.78 7.22% 1,000,000.00 1,004,800.00 1,011,000.00 (6,200.00) 79,600.00 13,487.00 7.71% 6.57% 7.33% Account Page 13 of 24 Consolidated Statement Page 16 EFTA01539068 FINANCIAL TRUST COMPANY INC ACCT. For the Period 11/1/11 to 11/30/11 Price US Fixed Income AMERICAN AXLE & MFG INC 7 7/8% MAR 1 2017 DTD 2/27/2007 02406P-AF-7 B /B2 CIT GROUP INC 144A 7% MAY 02 2017 DTD 06/15/2011 125581-GA-0 B+ /B2 BANK OF AMERICA CORP 8 1/8% PFD STK DEC 29 2049 DTD 04/30/2008 060505-DT-8 BB+ /BA3 ING CAPITAL FUNDING TRUSTS III 8.439% PFD STK DEC 31 2049 DTD 12/15/2000 44978N-AA-3 BBB /B1 Total US Fixed Income $19,582,378.00 $20,435,528.34 ($853,150.34) $1,476,789.00 $249,450.58 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 7.32% 71.52 2,500,000.00 1,787,950.00 2,445,620.28 (657,670.28) 99,214.00 41,612.50 5.84% 85.28 2,000,000.00 1,705,620.00 2,081,180.56 (375,560.56) 162,500.00 7,222.00 9.57% 98.50 EFTA01539069 2,500,000.00 2,462,500.00 2,306,250.00 156,250.00 175,000.00 39,375.00 7.34% 96.50 2,500,000.00 2,412,500.00 2,615,625.00 (203,125.00) 196,875.00 49,217.50 8.71% Quantity Value Adjusted Tax Cost Original Cost Unrealized Gain/Loss Est. Annual Income Accrued Interest Yield 3.64 10,000,000.00 363,763.70 318,000.00 45,763.70 86,850.80 83,471.86 24.53% Account Page 14 of 24 Consolidated Statement Page 17 EFTA01539070 FINANCIAL TRUST COMPANY INC ACCT. For the Period 11/1/11 to 11/30/11 Price Complementary Structured Strategies EUR PUT USD CALL FX EUROPEAN STYLE OPTION DEC 12, 2011 @ 1.35 KO @ 1.2775 XEURPB-SD-Z 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 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 Total Complementary Structured Strategies $762,906.87 $1,100,000.00 ($337,093.13) $0.00 0.00% 98.84 1,000,000.00 988,400.00 1,000,000.00 (11,600.00) 0.02 832,500,000.00 153,337.02 411,436.90 (258,099.88) 0.07 (760,000,000.00 ) (541,295.14) (411,436.90) (129,858.24) Quantity Value Adjusted Tax Cost Original Cost Unrealized Gain/Loss Est. Annual Income EFTA01539071 Accrued Interest Yield 1.10 14,814,814.81 162,464.99 100,000.00 62,464.99 Account Page 15 of 24 Consolidated Statement Page 18 EFTA01539072 FINANCIAL TRUST COMPANY INC ACCT. For the Period 11/1/11 to 11/30/11 Market Value Receivable Trade Date Foreign Exchange Contracts CHINESE RENMINBI CHINESE RENMINBI CHINESE RENMINBI CHINESE RENMINBI INDIAN RUPEE INDIAN RUPEE US DOLLAR US DOLLAR US DOLLAR US DOLLAR US DOLLAR US DOLLAR SINGAPORE DOLLAR SINGAPORE DOLLAR SINGAPORE DOLLAR US DOLLAR US DOLLAR US DOLLAR Total Foreign Exchange Contracts Jan. 13 11 Jan. 18 12 Jun. 8 11 Jun. 11 12 Oct. 5 11 Jan. 18 12 Oct. 5 11 Jun. 11 12 Sep. 7 11 Dec. 9 11 Sep. 19 11 Dec. 9 11 Sep. 7 11 Dec. 9 11 Nov. 2 11 Feb. 6 12 Sep. 19 11 Dec. 9 11 CNY USD CNY USD CNY USD CNY USD EFTA01539073 INR USD INR USD SGD USD SGD USD SGD USD 64,200,000.00 (10,000,000.00) 31,818,000.00 (5,000,000.00) (64,200,000.00) 10,060,330.64 (31,818,000.00) 4,983,632.23 457,000,000.00 (9,844,682.36) (457,000,000.00 ) 9,383,983.57 12,679,500.00 (10,508,627.69) 3,183,000.00 (2,500,000.00) (12,679,500.00) 10,017,776.72 6.420000 6.363600 6.381500 6.384500 46.421000 48.700000 1.206580 1.273200 1.265700 6.365299 6.376461 6.365299 6.376461 52.171999 52.171999 1.281241 1.281049 1.281241 10,085,936.71 10,000,000.00 4,989,915.15 5,000,000.00 10,060,330.64 EFTA01539074 10,085,936.71 4,983,632.23 4,989,915.15 8,759,488.09 9,844,682.36 9,383,983.57 8,759,488.09 9,896,264.63 10,508,627.69 2,484,681.86 2,500,000.00 10,017,776.72 9,896,264.63 $70,662,009.60 $71,584,914.63 85,936.71 (10,084.85) (25,606.07) (6,282.92) (1,085,194.27) 624,495.48 (612,363.06) (15,318.14) 121,512.09 ($922,905.03) Currency Settlement Date Counter Currency Amount Counter Amount Contract Rate Current Market Forward Rate Market Value Payable Unrealized Gain/Loss Account Page 16 of 24 Consolidated Statement Page 19 EFTA01539075 FINANCIAL TRUST COMPANY INC ACCT. For the Period 11/1/11 to 11/30/11 Portfolio Activity Summary - U S Dollar Beginning Cash Balance Current Transactions INFLOWS Income Contributions Foreign Exchange - Inflows Total Inflows OUTFLOWS ** Withdrawals Interest Purchased Foreign Exchange - Outflows Total Outflows TRADE ACTIVITY Settled Sales/Maturities/Redemptions Settled Securities Purchased Total Trade Activity Ending Cash Balance 5,469,126.95 (6,667,119.50) ($1,197,992.55) $19,539,279.69 * 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 64,421,783.21 (56,027,254.00) $8,394,529.21 -($7,357.75) $200,376.13 (7,357.75) Period Value 20,544,253.86 200,376.13 Year-To-Date Value* -3,050,787.87 5,901,714.87 71,515,144.09 $80,467,646.83 (4,111,383.65) (19,500.00) (70,819,413.87) ($74,950,297.52) Current Cost Adjustments EFTA01539076 Accretion Amortization Cost Adjustments Total Cost Adjustments ($39.32) Period Value (39.32) Year-To-Date Value* 79,731.70 (39.32) 176,834.93 $256,527.31 Account Page 17 of 24 Consolidated Statement Page 20 EFTA01539077 FINANCIAL TRUST COMPANY INC ACCT. For the Period 11/1/11 to 11/30/11 Portfolio Activity Detail - U S Dollar INFLOWS & OUTFLOWS Type Settle Date Selection Method 11/1 11/3 11/9 11/10 11/10 11/15 Interest Income Misc Disbursement Accrued Int Recd Accrued Int Paid Corporate Interest Accrued Int Recd Description DEPOSIT SWEEP INTEREST FOR OCT. @ .03% RATE ON NET AVG COLLECTED BALANCE OF $19,831,226.27 AS OF 11/01/11 LONG TOTAL RETURN SWAP 3,007,792.80 USD NOTIONAL APPLE INC MAT FEB 03 2012 DEAL 6505432 SWAP RESET PAYMENT (ID: SWPBDH-AY-3) BANK OF AMERICA CORP 8 1/8% PFD STK DEC 29 2049 DTD 04/30/2008 (ID: 060505-DT-8) AMERICAN CAPITAL LTD 8.96% DEC 31 2013 DTD 06/28/2010 @ 101.10 JP MORGAN SECURITIES LLC (BIDL) TRADE DATE 11/07/11 (ID: 02503Y-AF-0) CIT GROUP INC 144A 7% MAY 02 2016 JUN 15 2011 (ID: 125581-FZ-6) N TX TOLLWAY AUTH REVENUE SPL PROJS SYS HIGHWAY IMPS 5% D SEP 01 2030 DTD 11/10/2011 HELD BY DTC BOOK ENTRY ONLY PAR CALL 09/01/2021 @ 100 (ID: 66285W-JL-1) 11/15 Div Domest Total Inflows & Outflows BANK OF AMERICA CORP 8 1/8% PFD STK DEC 29 2049 DTD 04/30/2008 (ID: 060505-DT-8) 2,000,000.000 0.041 81,250.00 $193,018.38 1,000,000.000 0.001 694.44 1,000,000.000 1,000,000.000 0.00 EFTA01539078 5,000,000.000 0.039 0.009 0.018 39,270.83 (8,844.44) 87,500.00 (7,357.75) Quantity Cost Per Unit Amount Amount 505.30 Account Page 18 of 24 Consolidated Statement Page 21 EFTA01539079 FINANCIAL TRUST COMPANY INC ACCT. For the Period 11/1/11 to 11/30/11 TRADE ACTIVITY Note: Trade Date Settle Date 10/27 11/1 11/4 11/9 11/4 11/9 11/4 11/9 11/8 11/14 11/8 11/14 11/9 11/15 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 Low Cost Sale FIFO Sale FIFO Sale FIFO Sale FIFO Sale FIFO AMERICAN CAPITAL AGENCY CORP @ 27.55745 1,550,106.56 BROKERAGE 2,812.50 TAX &/OR SEC 29.77 J.P. MORGAN SECURITIES LLC (ID: 02503X-10-5) BANK OF AMERICA CORP 8 1/8% PFD STK DEC 29 2049 DTD 04/30/2008 @ 92.50 JP MORGAN SECURITIES LLC (BIDL) (ID: 060505-DT-8) GROUPON INC @ 29.22181 7,889.89 BROKERAGE 100.00 TAX &/OR SEC .16 J.P. MORGAN SECURITIES LLC (ID: 399473-10-7) EFTA01539080 HEALTH CARE REIT INC @ 50.24851 67,835.49 BROKERAGE 100.00 TAX &/OR SEC 1.31 J.P. MORGAN SECURITIES LLC (ID: 42217K-10-6) ENERGY TRANSFER PARTNERS L P @ 43.955 118,678.50 BROKERAGE 135.00 TAX &/OR SEC 2.28 J.P. MORGAN SECURITIES LLC (ID: 29273R-10-9) PIONEER NATURAL RESOURCES CO @ 88.80 119,880.00 BROKERAGE 100.00 TAX &/OR SEC 2.31 J.P. MORGAN SECURITIES LLC (ID: 723787-10-7) N TX TOLLWAY AUTH REVENUE SPL PROJS SYS HIGHWAY (1,000,000.000 IMPS 5% D SEP 01 2030 DTD 11/10/2011 HELD BY DTC BOOK ENTRY ONLY PAR CALL 09/01/2021 @ 100 @ 106.285 JP MORGAN SECURITIES LLC (BIDL) (ID: 66285W-JL-1) 11/9 11/15 Sale FIFO IMPERVA INC @ 22.03 24,783.75 BROKERAGE 100.00 TAX &/OR SEC .48 J.P. MORGAN SECURITIES LLC (ID: 45321L-10-0) Account Page 19 of 24 Consolidated Statement Page 22 (1,125.000) 21.941 24,683.27 (20,250.00) 4,433.27 S 106.30 1,062,850.00 (1,067,810.68) (4,960.68) S (1,350.000) 88.724 119,777.69 (120,150.00) (372.31) S (2,700.000) 43.904 118,541.22 (120,609.00) (2,067.78) S (1,350.000) 50.173 67,734.18 (67,500.00) 234.18 S (270.000) 28.851 7,789.73 (5,400.00) EFTA01539081 2,389.73 S (1,000,000.000 ) 92.50 925,000.00 (857,541.67) 66,830.87 S 627.46 0 Quantity (56,250.000) Per Unit Amount 27.507 Proceeds 1,547,264.29 Tax Cost (1,552,500.00) Realized Gain/Loss (5,235.71) S* EFTA01539082 FINANCIAL TRUST COMPANY INC ACCT. For the Period 11/1/11 to 11/30/11 Trade Date Settle Date 11/9 Type Selection Method Description Settled Sales/Maturities/Redemptions Sale 11/15 11/10 11/16 11/15 11/18 11/16 11/21 11/16 11/21 11/17 11/22 11/17 11/22 11/17 11/22 11/18 11/23 FIFO Sale FIFO Sale FIFO Sale FIFO Sale FIFO Sale FIFO Sale FIFO Sale FIFO Sale FIFO PLAINS ALL AMERICAN PIPELINE L P UNIT OF LIMITED PARTNERSHIP INT @ 63.885 127,770.00 BROKERAGE 100.00 TAX &/OR SEC 2.46 J.P. MORGAN SECURITIES LLC (ID: 726503-10-5) OCWEN FINANCIAL CORP @ 13.04714 469,697.04 BROKERAGE 1,800.00 TAX &/OR SEC 9.02 J.P. MORGAN SECURITIES LLC (ID: 675746-30-9) PENN VIRGINIA RESOURCE PARTNERS L P @ 23.75 EFTA01539083 53,437.50 BROKERAGE 112.50 TAX &/OR SEC 1.03 J.P. MORGAN SECURITIES LLC (ID: 707884-10-2) APPROACH RESOURCES INC @ 28.77456 116,536.97 BROKERAGE 202.50 TAX &/OR SEC 2.24 J.P. MORGAN SECURITIES LLC (ID: 03834A-10-3) IDENIX PHARMACEUTICALS INC @ 7.02248 23,700.87 BROKERAGE 168.75 TAX &/OR SEC .46 J.P. MORGAN SECURITIES LLC (ID: 45166R-20-4) DELPHI AUTOMATIVE PLC @ 21.75295 185,987.72 BROKERAGE 427.50 TAX &/OR SEC 3.58 J.P. MORGAN SECURITIES LLC (ID: G27823-10-6) DUNKIN BRANDS GROUP INC @ 25.51934 252,641.47 BROKERAGE 495.00 TAX &/OR SEC 4.86 J.P. MORGAN SECURITIES LLC (ID: 265504-10-0) LINKEDIN CORP - A @ 73.70 73,700.00 BROKERAGE 100.00 TAX &/OR SEC 1.42 J.P. MORGAN SECURITIES LLC (ID: 53578A-10-8) INTERMOLECULAR INC @ 9.57668 64,642.59 BROKERAGE 337.50 TAX &/OR SEC 1.25 J.P. MORGAN SECURITIES LLC (ID: 45882D-10-9) (6,750.000) 9.526 64,303.84 (67,500.00) (3,196.16) S (1,000.000) 73.599 73,598.58 (71,000.00) 2,598.58 S (9,900.000) 25.469 252,141.61 (253,638.00) (1,496.39) S (8,550.000) 21.703 185,556.64 (188,100.00) (2,543.36) S (3,375.000) 6.972 23,531.66 (21,937.50) 1,594.16 S (4,050.000) 28.724 116,332.23 (113,400.00) 2,932.23 S (2,250.000) EFTA01539084 23.70 53,323.97 (55,237.50) (1,913.53) S (36,000.000) 12.997 467,888.02 (468,000.00) (111.98) S Quantity (2,000.000) Per Unit Amount 63.834 Proceeds 127,667.54 Tax Cost (130,060.00) Realized Gain/Loss (2,392.46) S Account Page 20 of 24 Consolidated Statement Page 23 EFTA01539085 FINANCIAL TRUST COMPANY INC ACCT. For the Period 11/1/11 to 11/30/11 Trade Date Settle Date 11/18 11/23 11/18 11/23 11/22 11/28 11/16 11/30 Type Selection Method Description Settled Sales/Maturities/Redemptions Sale FIFO Sale FIFO Sale FIFO Sale FIFO MANNING & NAPIER INC @ 12.11 24,522.75 BROKERAGE 101.25 TAX &/OR SEC .48 J.P. MORGAN SECURITIES LLC (ID: 56382Q-10-2) MONEYGRAM INTERNATIONAL INC NEW @ 16.10444 21,740.99 BROKERAGE 100.00 TAX &/OR SEC .42 J.P. MORGAN SECURITIES LLC (ID: 60935Y-20-8) FUSION-I0 INC @ 32.72282 161,977.96 BROKERAGE 247.50 TAX &/OR SEC 3.11 J.P. MORGAN SECURITIES LLC (ID: 36112)-10-7) CLOVIS ONCOLOGY INC @ 13.03 23,454.00 BROKERAGE 100.00 TAX &/OR SEC .46 J.P. MORGAN SECURITIES LLC (ID: 189464-10-0) Total Settled Sales/Maturities/Redemptions $5,469,126.95 ($5,413,621.85) $54,877.64 S $627.46 0 (1,800.000) 12.974 23,353.54 (23,400.00) (46.46) S (4,950.000) 32.672 161,727.35 (163,350.00) (1,622.65) S (1,350.000) EFTA01539086 16.03 21,640.57 (21,937.50) (296.93) S Quantity (2,025.000) Per Unit Amount 12.06 Proceeds 24,421.02 Tax Cost (24,300.00) Realized Gain/Loss 121.02 S Trade Date Settle Date Type Description Settled Securities Purchased 10/26 Purchase 11/1 10/26 11/2 11/3 11/9 Purchase AMERICAN CAPITAL AGENCY CORP @ 27.60 J.P. MORGAN SECURITIES LLC (ID: 02503X-10-5) HSBC MARKET PLUS MXN NOTE 11/2/12 LNKED TO MXN VS USD 25% BUFFER, 9.75%CPN, 100%MAXRTN 10/26/11 @ 100.00 JP MORGAN SECURITIES LLC (BIDL) (ID: 4042K1-RA-3) Purchase GROUPON INC @ 20.00 J.P. MORGAN SECURITIES LLC (ID: 399473-10-7) 270.000 20.00 (5,400.00) Account Page 21 of 24 Consolidated Statement Page 24 Quantity 56,250.000 1,000,000.000 Per Unit Amount 27.60 100.00 Market Cost EFTA01539087 (1,552,500.00) (1,000,000.00) * * EFTA01539088 FINANCIAL TRUST COMPANY INC ACCT. For the Period 11/1/11 to 11/30/11 Trade Date Settle Date Type Settled Securities Purchased 11/4 Purchase 11/9 11/3 11/10 Purchase Description HEALTH CARE REIT INC @ 50.00 J.P. MORGAN SECURITIES LLC (ID: 42217K-10-6) N TX TOLLWAY AUTH REVENUE SPL PROJS SYS HIGHWAY IMPS 5% D SEP 01 2030 DTD 11/10/2011 HELD BY DTC BOOK ENTRY ONLY PAR CALL 09/01/2021 @ 100 @ 106.785 JP MORGAN SECURITIES LLC (BIDL) (ID: 66285W-JL-1) 11/7 11/10 11/9 11/14 11/8 11/14 11/8 11/14 11/9 11/15 11/9 11/15 11/10 11/16 11/15 11/18 Purchase Purchase Purchase Purchase Purchase Purchase Purchase AMERICAN CAPITAL LTD 8.96% DEC 31 2013 DTD 06/28/2010 @ 101.10 JP MORGAN SECURITIES LLC (BIDL) (ID: 02503Y-AF-0) Purchase Option EUR PUT USD CALL FX EUROPEAN STYLE OPTION DEC 12, 2011 @ 1.35 KO @ 1.2775 PURCHASED FX OPTION PUT 14,814,814.81 EUR CALL 20,000,000.00 USD (ID: XEURPB-SD-Z) ENERGY TRANSFER PARTNERS L P @ 44.67 J.P. EFTA01539089 MORGAN SECURITIES LLC (ID: 29273R-10-9) PIONEER NATURAL RESOURCES CO @ 89.00 J.P. MORGAN SECURITIES LLC (ID: 723787-10-7) IMPERVA INC @ 18.00 J.P. MORGAN SECURITIES LLC (ID: 45321L-10-0) PLAINS ALL AMERICAN PIPELINE L P UNIT OF LIMITED PARTNERSHIP INT @ 65.03 J.P. MORGAN SECURITIES LLC (ID: 726503-10-5) OCWEN FINANCIAL CORP @ 13.00 J.P. MORGAN SECURITIES LLC (ID: 675746-30-9) PENN VIRGINIA RESOURCE PARTNERS L P @ 24.55 J.P. MORGAN SECURITIES LLC (ID: 707884-10-2) 36,000.000 2,250.000 13.00 24.55 (468,000.00) (55,237.50) 2,700.000 1,350.000 1,125.000 2,000.000 44.67 89.00 18.00 65.03 (120,609.00) (120,150.00) (20,250.00) (130,060.00) 14,814,814.810 0.007 (100,000.00) 1,000,000.000 101.10 (1,011,000.00) Quantity 1,350.000 1,000,000.000 Per Unit Amount 50.00 106.80 Market Cost (67,500.00) (1,067,850.00) Account Page 22 of 24 Consolidated Statement Page 25 EFTA01539090 FINANCIAL TRUST COMPANY INC ACCT. For the Period 11/1/11 to 11/30/11 Trade Date Settle Date Type Settled Securities Purchased 11/16 Purchase 11/21 11/16 11/21 11/17 11/22 11/17 11/22 11/16 11/22 11/17 11/23 11/17 11/23 11/17 11/23 11/22 11/28 11/16 11/30 Total Settled Securities Purchased Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Description APPROACH RESOURCES INC @ 28.00 J.P. MORGAN SECURITIES LLC (ID: 03834A-10-3) IDENIX PHARMACEUTICALS INC @ 6.50 J.P. MORGAN SECURITIES LLC (ID: 45166R-20-4) DELPHI AUTOMATIVE PLC @ 22.00 J.P. MORGAN SECURITIES LLC (ID: G27823-10-6) DUNKIN BRANDS GROUP INC @ 25.62 J.P. MORGAN SECURITIES LLC (ID: 265504-10-0) LINKEDIN CORP - A @ 71.00 J.P. MORGAN SECURITIES LLC (ID: 53578A-10-8) INTERMOLECULAR INC @ 10.00 J.P. MORGAN SECURITIES LLC (ID: 45882D-10-9) MANNING & NAPIER INC @ 12.00 J.P. MORGAN EFTA01539091 SECURITIES LLC (ID: 56382Q-10-2) MONEYGRAM INTERNATIONAL INC NEW @ 16.25 J.P. MORGAN SECURITIES LLC (ID: 60935Y-20-8) FUSION-I0 INC @ 33.00 J.P. MORGAN SECURITIES LLC (ID: 36112)-10-7) CLOVIS ONCOLOGY INC @ 13.00 J.P. MORGAN SECURITIES LLC (ID: 189464-10-0) Quantity 4,050.000 3,375.000 8,550.000 9,900.000 1,000.000 6,750.000 2,025.000 1,350.000 4,950.000 1,800.000 Per Unit Amount 28.00 6.50 22.00 25.62 71.00 10.00 12.00 16.25 33.00 13.00 Market Cost (113,400.00) (21,937.50) (188,100.00) (253,638.00) (71,000.00) (67,500.00) (24,300.00) (21,937.50) (163,350.00) (23,400.00) ($6,667,119.50) Account Page 23 of 24 Consolidated Statement Page 26 EFTA01539092 FINANCIAL TRUST COMPANY INC ACCT. For the Period 11/1/11 to 11/30/11 Trade Date Type Est. Settle Date Selection Method Description Pending Sales, Maturities, Redemptions Sale 7/13 12/2 CORN LONG FORWARD CONTRACT 2,041,825.00 USD NOTIONAL 67.00 NOTIONAL CONTRACTS (335K BSH) 6.095 FORWARD RATE 12/02/2011 MATURITY DEAL 40996151 (ID: CFCONT-GJ-3) Quantity (1.000) Per Unit Amount Proceeds 232,825.00 Tax Cost Realized Gain/Loss 232,825.00 S COST ADJUSTMENTS Settle Date 11/15 Type Amortization Description N TX TOLLWAY AUTH REVENUE SPL PROJS SYS HIGHWAY IMPS 5% D SEP 01 2030 DTD 11/10/2011 HELD BY DTC BOOK ENTRY ONLY PAR CALL 09/01/2021 @ 100 MUNICIPAL BOND PREMIUM AMORTIZATIO (ID: 66285W-JL-1) Quantity 1,000,000.000 Cost Basis Adjustments (39.32) Account Page 24 of 24 Consolidated Statement Page 27 EFTA01539093 J.P. Morgan Securities LLC FINANCIAL TRUST COMPANY INC 383 Madison Avenue, New York, NY 10179 ACCT. For the Period 11/1/11 to 11/30/11 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.MorganOnline.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 28 EFTA01539094 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 0.00 300,118.86 $300,118.86 Current Portfolio Activity Beginning Market Value Contributions Withdrawals & Fees Securities Transferred In Securities Transferred Out Net Contributions/Withdrawals Income & Distributions Change In Investment Value Ending Market Value ($35.00) (1,580.16) 3,930.00 $297,493.86 (35.00) Period Value 295,179.02 Short Market Value (28,125.00) 25,500.00 ($2,625.00) Year-to-Date Value 5,750,323.03 598,320.00 (5,935,617.95) 11,788,000.00 (11,786,500.00) ($5,335,797.95) (1,580.16) (115,451.06) $297,493.86 EFTA01539095 Total (28,125.00) 325,618.86 Estimated Current Market Value Annual Income Allocation (2,568.00) $297,493.86 ($2,568.00) 100% 100% ACCT. For the Period 11/1/11 to 11/30/11 Account Page 2 of 8 Consolidated Statement Page 29 EFTA01539096 FINANCIAL TRUST COMPANY INC Account Summary Tax Summary Foreign Dividends Taxable Income CONTINUED Current Period Value (1,580.16) ($1,580.16) Year-to-Date Value (1,580.16) ($1,580.16) ST Realized Gain/Loss Realized Gain/Loss Current Period Value Year-to-Date Value 603,844.31 $603,844.31 ACCT. For the Period 11/1/11 to 11/30/11 Unrealized Gain/Loss To-Date Value $1,954.63 Cost Summary Equity Cash & Fixed Income Total 325,618.86 Cost $295,539.23 (30,079.63) Investment Objectives Speculation Permitted Capital Appreciation Yes Yes Account Page 3 of 8 Consolidated Statement Page 30 EFTA01539097 FINANCIAL TRUST COMPANY INC Equity Summary Asset Categories Non-US Equity Beginning Market Value (32,055.00) Ending Market Value (28,125.00) Change In Value 3,930.00 Current Allocation ACCT. For the Period 11/1/11 to 11/30/11 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 (28,125.00) (30,079.63) 1,954.63 (2,568.00) 18.75 (1,500.000) Short (28,125.00) (30,079.63) 1,954.63 (2,568.00) EFTA01539098 9.13% Account Page 4 of 8 Consolidated Statement Page 31 EFTA01539099 FINANCIAL TRUST COMPANY INC Cash & Fixed Income Summary Beginning Asset Categories Cash Market Value 327,234.02 ACCT. For the Period 11/1/11 to 11/30/11 Ending Market Value 325,618.86 Change In Value (1,615.16) Current Allocation 100% Current Market Value/Cost Market Value Tax Cost SUMMARY BY MATURITY 1 Cash & Fixed Income 0-6 months 1 Period Value 325,618.86 325,618.86 SUMMARY BY TYPE Market Value 325,618.86 % 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 325,618.86 % of Bond Portfolio 100% Account Page 5 of 8 Consolidated Statement Page 32 EFTA01539100 EFTA01539101 FINANCIAL TRUST COMPANY INC ACCT. For the Period 11/1/11 to 11/30/11 Cash & Fixed Income Detail Quantity Price Cash US DOLLAR US DOLLAR Total Cash 1.00 1.00 300,118.86 Margin 25,500.00 Short 300,118.86 25,500.00 $325,618.86 300,118.86 25,500.00 $325,618.86 $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 33 EFTA01539102 FINANCIAL TRUST COMPANY INC ACCT. For the Period 11/1/11 to 11/30/11 Portfolio Activity Summary Beginning Cash Balance Transactions Income INFLOWS (1,580.16) Contributions Total Inflows OUTFLOWS ** Withdrawals Short Fees Charged Total Outflows TRADE ACTIVITY Settled Sales/Maturities/Redemptions Settled Securities Purchased Option Premium Offset Total Trade Activity Ending Cash Balance $0.00 $325,618.86 * 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 5,690,679.04 (56,110.11) (644.99) $5,633,923.94 -(35.00) ($35.00) ($1,580.16) (1,580.16) 598,320.00 $596,739.84 (5,935,573.03) (44.92) ($5,935,617.95) Current Period Value 327,234.02 Year-To-Date Value* -Account Page 7 of 8 Consolidated Statement Page 34 EFTA01539103 FINANCIAL TRUST COMPANY INC ACCT. For the Period 11/1/11 to 11/30/11 Portfolio Activity Detail INFLOWS & OUTFLOWS Type Settle Date Selection Method 11/7 11/7 11/14 11/15 11/16 11/21 11/28 11/28 Description Mark to Market Adj MARK TO MARKET SUB-ACCOUNT: MGN Mark to Market Adj MARK TO MARKET SHORT POS SUB-ACCOUNT: SHT TELEFONICA S A SPONS ADR DIV CHG 1500 SHS SHORT Foreign Dividend SUB-ACCOUNT: SHT (ID: 879382-20-8) Foreign Dividend Foreign Dividend Misc Debit TELEFONICA S A SPONS ADR RD 11/04 PD 11/14 RT 1.0592 SUB-ACCOUNT: SHT (ID: 879382-20-8) TELEFONICA S A SPONS ADR RD 11/04 PD 11/16 RT 1.0534 SUB-ACCOUNT: SHT (ID: 879382-20-8) SHORT DEBIT FEE 10/21-11/20 SUB-ACCOUNT: MGN Mark to Market Adj MARK TO MARKET SUB-ACCOUNT: MGN Mark to Market Adj MARK TO MARKET SHORT POS SUB-ACCOUNT: SHT Total Inflows & Outflows 2,158.13 (1,580.16) (35.00) 2,484.84 (2,484.84) ($1,615.16) Quantity Cost Per Unit Amount Amount 3,945.00 (3,945.00) (2,158.13) Account Page 8 of 8 Consolidated Statement Page 35 EFTA01539104 For the Period 11/1/11 to 11/30/11 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. 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 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. 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. Where J.P. Morgan was unable to obtain a price from an outside service for a particular ARS, the price column on your statement and online will indicate "$0.00" which should not be relied on as the price at which ARS would trade. J.P. Morgan makes no representation, warranty or guarantee, express or implied, that any quoted value represents the actual terms at which transactions or 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. Valuations of over-the-counter derivative transactions, including certain EFTA01539105 derivatives-related deposit products, have been prepared on a mid-market basis. These valuations are derived from proprietary models based upon well-recognized financial principles and we have, when necessary to calculate the present value of future cash flows, made reasonable estimates about relevant future market conditions. Valuations based on other models or different assumptions may yield different results. 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. 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 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). Disclosures Page 1 of 4 EFTA01539106 For the Period 11/1/11 to 11/30/11 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 Products: Not FDIC Insured -No Bank Guarantee -May Lose Value Fund manager disclosure information available upon request If you have an investment account that is managed by an SEC-Registered Investment Advisor, J.P. Morgan will provide a copy of the advisor's Form ADV II or brochure upon written request. These statements are not official documents for income tax reporting purposes and should not be relied upon for such purposes, including determination of income, cost basis, amortization or accretion, or gain/loss. Such information, which may be inaccurate, incomplete or subject to updating, should be confirmed with your records and your tax advisor. Please take the steps indicated below if you think statement(s) are incorrect or contact your J.P.Morgan team if you require additional information about a transaction on your statement(s). IMPORTANT ADDITIONAL INFORMATION APPLICABLE ONLY TO YOUR ASSET ACCOUNT(S) (LINKED TO JPMS) Your Asset Account consists of a bank account that custodies assets linked to a brokerage account through which securities transactions are executed. As a result, the Asset Account statement(s) reflect brokerage transactions executed through JPMS but (except for exchange listed options) held in custody at JPMCB. Securities purchased or sold through JPMS in U.S. markets (other then mutual funds) are cleared through an affiliate of JPMS, in non-U.S. markets securities are cleared through JPMS. Positions in exchange-listed options are held by JPMCC. For your convenience, however, positions in exchange-listed options are presented in Asset Account statement(s) together with other assets held in such account(s). All pertinent information about your settled and pending purchases and sales effected through your JPMS account during the period covered by these statement(s), is summarized in the "Trade Activity" portion of the statement(s). In Case of Other Errors or Questions About Your Asset Account Statement(s) Please review your statement(s) and promptly report any inaccuracy or discrepancy including possible unauthorized trading activity, unrecorded dividend payments, unaccounted cash positions, improper payments or transfers in writing to both the introducing broker, JPMS and the clearing firm, JPMCC at the addresses shown on your statement(s). Any oral communication should be re-confirmed in writing to further protect your rights, including your rights under the Securities Investor Protection Act (SIPA). If you have any questions please contact your J.P.Morgan team. In your written communication, please provide the following information: (1) EFTA01539107 your name and account number; (2) the dollar amount of the suspected error; and (3) a description of the error and explanation, if you can, why you believe there is an error. If you need more information, you must describe the item you are unsure about. We must receive your written communication no later than 30 days after the statement on which the error or problem appeared is sent or made available. If you do not so notify us, you agree that the statement activity and account balance(s) are correct. JPMCC and JPMS are members of the Securities Investor Protection Corp ("SIPC"), a not-for-profit membership corporation funded by broker-dealers registered with the Securities and Exchange Commission. Securities and cash held for a customer at JPMCC are protected by SIPC up to $500,000 per customer, which includes up to $250,000 of protection for cash. SIPC does not protect against losses from fluctuations in the value of the securities. Assets held in custody by JPMCB are not subject to SIPC. You may obtain information about SIPC, including the SIPC Brochure, on their website, at "www.sipc.org" or by contacting them at (202) 371-8300. In Case of Errors or Questions About Your Electronic Transfers. Disclosures Page 2 of 4 EFTA01539108 For the Period 11/1/11 to 11/30/11 Contact your J.P. Morgan Team at one of the telephone numbers on the front of your statements or write us at J.P. Morgan, 500 Stanton Christiana Road, 1/OPS3, Newark, DE 19713-2107 as soon as you can, if you think your statement is wrong or if you need more information about a transfer on the statement. We must hear from you no later than 60 days after we sent you the FIRST statement on which the error or problem appeared. (1) Tell us your name and account number. (2) Describe the error or the transfer you are unsure about, and explain as clearly as you can why you believe it is an error or why you need more information. (3) Tell us the dollar amount of the suspected error. We will investigate your complaint and will correct any error promptly. If we take more than 10 business days (or 20 business days for new accounts) to do this, we will credit your account for the amount you think is in error, so that you will have the use of the money during the time it takes us to complete our investigation. In Case of Errors or Questions About Non-Electronic Transfers (Checks or Deposits) Contact JPMorgan Chase Bank, N.A. ("JPMCB") Member FDIC immediately if a statement is incorrect or if you need more information about any non- electronic transactions (checks or deposits) on this statement. If any such error appears, you must notify the bank in writing as soon as possible after your statement was made available to you. For more complete details, see the applicable account agreements and appendices that govern your account. Deposit products and services are offered by JPMCB Member FDIC. You must promptly advise your J.P.Morgan representative of material changes in your investment objectives or financial situation or if you wish to modify the management of your account. Unless you inform otherwise, your J.P.Morgan representative will consider the information currently in its files to be complete and accurate. With reference to JPMS and JPMCC: A financial statement of this organization is available to you for personal inspection at its offices, or a copy will be mailed to you upon written request. You should have received (or have made available to you) separate confirmations for each securities transaction. All transactions are subject to the terms and conditions stated on the reverse side of such confirmations and are subject to the constitution, by-laws, customs and interpretations of the marketplace where executed and governed by and construed in accordance with the laws of the State of New York and all applicable federal laws and regulations. Further information with respect to commissions and other charges related to the execution of transactions, including options transactions, has been included in confirmations that were previously furnished or have made available to you. Upon written request, JPMS will promptly supply you with the latest information. IMPORTANT ADDITIONAL INFORMATION APPLICABLE ONLY TO YOUR MARGIN ACCOUNT(S) All positions in your Margin Account Portfolio(s) are held in custody at J.P. Morgan Clearing Corp. ("JPMCC"), Three Chase Metrotech Center, Brooklyn, NY 11245-001, (347) 643-2578. EFTA01539109 If you have a margin account as permitted by law we may use certain securities in such account for, among other things, settling short sales and lending the securities for short sales, and as a result may receive compensation in connection therewith. Please keep the following in mind when using a statement to track your brokerage activity in a margin account: The statement combines your general margin account with the special memorandum account required by Section 220.6 Regulation T. As required by Regulation T, a permanent record of your separate account is available upon your request. Free credit balances in your margin account(s) are not segregated and may be used in the operation of JPMCCs business, subject to the limitations of SEC Rule 15c3-3. Unless otherwise noted, JPMCC or its agents and depositories will hold your securities. Upon your demand, JPMCC will pay to you the amount of your free credit balance, and will deliver to you fully-paid securities held on your behalf. Interest will be charged on any debit balance; the method of calculating interest is described in a letter sent to all margin customers. PRODUCT RELATED DISCLOSURE: IMPORTANT INFORMATION ABOUT ALTERNATIVE INVESTMENTS: FOOTNOTES 1 - 4 Private Equity, Hedge Funds, Exchange Funds, Real Estate and Other Alternative Assets 1. Direct private equity investments and pooled private investments (e.g., interests in limited partnerships and limited liability companies) are generally illiquid securities. Values are estimates only and are not warranted for accuracy or completeness. Values do not represent the actual terms at which transactions or securities could be bought or sold or new transactions could be entered into or the actual terms on which existing transactions could be liquidated as of the date of this statement. Disclosures Page 3 of 4 EFTA01539110 For the Period 11/1/11 to 11/30/11 Direct private equity investments are generally valued at cost, unless there is an active secondary trading market in the securities, in which case, direct private equity investments are valued using market prices as of the close of the last business day for this statement period. Pooled private equity investments are valued according to the General Partner's or Manager's stated methodology. Please refer to the limited partnership agreement, limited liability company agreement or other operative documentation for each investment for the specific valuation methodology used by the General Partner or Manager for that investment or for your Investment Management or Trust account contact your J.P. Morgan team. J.P. Morgan expressly disclaims any responsibility for (1) the accuracy of the information and the methodology used by the General Partner or Manager in deriving valuations, (2) any errors or omissions in compiling or disseminating the valuations, and (3) any use to which the valuations are put. Valuations are provided for information purposes only and are intended solely for your own use. Hedge funds generally calculate the price (the "Net Asset Value" or " NAV"), 10-15 business days following the last business day of the month. For that reason, hedge fund NAVs shown will generally be the NAV of the month preceding this statement period. In general, the NAV is stated net of management and incentive fees. The NAV is calculated according to the General Partner's or Manager's stated methodology. Please refer to the limited partnership agreement, limited liability company agreement or other operative documentation for each hedge fund for the specific methodology used by the General Partner or Manager for that hedge fund or for your Investment Management or Trust account contact your J.P. Morgan team. J.P. Morgan expressly disclaims any responsibility for (1) the accuracy of the information and the methodology used by the General Partner or Manager in deriving valuations, (2) any errors or omissions in compiling or disseminating the valuations, and (3) any use to which the valuations are put. Valuations are provided for information purposes only and are intended solely for your own use. These statements do not provide tax reporting on private investments. Please continue to rely upon the General Partner or Manager of the investment vehicle for this information or for your Investment Management or Trust account contact your J.P. Morgan team. 2. The 'Capital Called Since Inception USD' and 'Cash/Security distributions Since Inception USD' columns are updated monthly to reflect activity (capital calls and distributions), if any. 3. Hedge funds generally allow subscriptions on a monthly or quarterly basis. An interest in a hedge fund or hedge fund of funds is generally as of the first business day of the subscription period. Due to early funding requirements by the applicable fund, your account may be debited for the subscription amount prior to the subscription date. Please refer to the applicable hedge fund's operative documentation for further details or for your Investment Management or Trust account contact your J.P. Morgan team. Hedge fund redemptions are generally on a monthly, quarterly or annual basis EFTA01539111 but can sometimes be subject to a multi-year lockup before a redemption is permitted. For redemptions, there is generally a notification period that can be a long interval before the actual redemption date. Redemption proceeds are generally paid 15 calendar days after the final NAV is issued, but can be subject to a holdback of a portion of the proceeds until an annual audit of the Fund has been completed. Please refer to the applicable hedge fund's operative documentation for further details or for your Investment Management or Trust account contact your J.P. Morgan team. Global Access Portfolios share certain characteristics with hedge funds. In particular, an investor who withdraws from a Global Access Portfolio will not receive the withdrawal proceeds in their entirety until 30-60 days after completion of the Portfolio's audit, which may be 18 months or longer after the redemption date. Interest might not be paid on any proceeds pending distribution. These restrictions apply even if the investor's account at JPMorgan is closed. The Confidential Private Placement Memorandum and applicable Supplements contain other important information about the Global Access Portfolios and are available upon request or for your Investment Management or Trust account contact your J.P. Morgan team. 4. Alternative assets may include publicly available mutual funds that utilize non-traditional investment management strategies, for example, strategies commonly employed by hedge funds. Mutual funds generally calculate the price (the "Net Asset Value" or "NAV") on a daily basis and mutual fund NAVs shown on your statement generally will be the NAV as of the close of the last business day for this statement period. Please refer to the applicable mutual fund prospectus for further details. If the applicable mutual fund is a JPMorgan Fund, please refer to disclosures on this statement concerning JPMorgan Funds for other important information. Disclosures Page 4 of 4 EFTA01539112