EFTA01539403

HARRY BELLER C/O HBRK ASSOCIATES 301 E 66TH ST APT 10F NEW YORK NY 10065-6216 EFTA01539403 EFTA01539404 (Reviewed) For the Period 2/1/12 to 2/29/12 Account Summary Account Number Investment Account(s) FINANCIAL TRUST COMPANY INC FINANCIAL TRUST COMPANY INC Total Value 2 Beginning Net Market Value 71,952,731.06 299,433.05 $72,252,164.11 Ending Net Market Value 72,908,029.38 299,902.70 $73,207,932.08 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 955,298.32 469.65 $955,767.97 Start on Page 4 R 37 0000005227.15.0.15.00001.BELLE18.20120306 Consolidated Statement Page 1 1 EFTA01539405 EFTA01539406 THIS PAGE INTENTIONALLY LEFT BLANK EFTA01539407 For the Period 2/1/12 to 2/29/12 Consolidated Summary INVESTMENT ACCOUNTS Asset Allocation Equity Alternative Assets Cash & Fixed Income Market Value Accruals Market Value with Accruals Beginning Market Value 25,582,761.51 4,203,472.50 41,956,137.42 $71,742,371.43 509,792.68 $72,252,164.11 Ending Market Value 29,624,720.36 4,277,125.00 38,716,282.41 $72,618,127.77 589,804.31 $73,207,932.08 Change In Value 4,041,958.85 73,652.50 (3,239,855.01) $875,756.34 80,011.63 $955,767.97 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 71,742,371.43 516.54 440,828.98 434,410.82 $72,618,127.77 589,804.31 EFTA01539408 $73,207,932.08 Year-to-Date Value 69,562,571.76 491.65 540,870.01 2,514,194.35 $72,618,127.77 589,804.31 $73,207,932.08 Estimated 1,155,573.75 Current Annual Income Allocation 41% 6% 2,154,593.50 $3,310,167.25 53% 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 EFTA01539409 For the Period 2/1/12 to 2/29/12 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 $540,870.01 lUnrealized Gain/Loss represents data from the time of account inception to the current statement period. $326,751.29 $159,568.75 Account Number Beginning Market Value 69,262,768.82 299,802.94 $69,562,571.76 Taxable Income 540,870.01 Tax-Exempt Income Net Contributions/ Withdrawals 541.89 (50.24) $491.65 Other Income & Receipts Income & Distributions 540,870.01 $540,870.01 Change in Investment Value 2,514,044.35 150.00 $2,514,194.35 Realized Gain/Loss EFTA01539410 Short-term 326,751.29 Long-term 159,568.75 Ending Market Value with Accruals 72,908,029.38 299,902.70 $73,207,932.08 Unrealized Gain/Loss, 2,257,738.98 4,444.63 $2,262,183.61 CONTINUED Consolidated Statement Page 3 EFTA01539411 JPMorgan Chase Bank, N.A. 270 Park Avenue, New York, NY 10017-2014 (Reviewed) FINANCIAL TRUST COMPANY INC ACCT. For the Period 2/1/12 to 2/29/12 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.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 9 10 18 Account Page 1 of 33 Consolidated Statement Page 4 EFTA01539412 FINANCIAL TRUST COMPANY INC ACCT. For the Period 2/1/12 to 2/29/12 Account Summary Asset Allocation Equity Alternative Assets Cash & Fixed Income Market Value Accruals Market Value with Accruals Beginning Market Value 25,608,891.51 4,203,472.50 41,630,574.37 $71,442,938.38 509,792.68 $71,952,731.06 Ending Market Value 29,650,355.36 4,277,125.00 38,390,744.71 $72,318,225.07 589,804.31 $72,908,029.38 Current Portfolio Activity Beginning Market Value Contributions Securities Transferred Out Net Contributions/Withdrawals Income & Distributions Change In Investment Value Ending Market Value Accruals Market Value with Accruals Period Value 71,442,938.38 1,028,454.65 (1,027,912.76) $541.89 440,828.98 433,915.82 $72,318,225.07 589,804.31 $72,908,029.38 Change In Value 4,041,463.85 73,652.50 EFTA01539413 (3,239,829.66) $875,286.69 80,011.63 $955,298.32 Year-to-Date Value 69,262,768.82 1,028,454.65 (1,027,912.76) $541.89 540,870.01 2,514,044.35 $72,318,225.07 589,804.31 $72,908,029.38 Equity Estimated 1,158,141.75 Current Annual Income Allocation 42% 6% 2,154,593.50 $3,312,735.25 52% 100% Alternative Assets Cash & Fixed Income Asset Allocation Account Page 2 of 33 Consolidated Statement Page 5 EFTA01539414 FINANCIAL TRUST COMPANY INC ACCT. For the Period 2/1/12 to 2/29/12 Account Summary Tax Summary Currency Gain/Loss Interest Income Accrued Interest Current Year Taxable Income CONTINUED Current Period Value 239,113.90 230,578.96 (28,863.88) $440,828.98 Year-to-Date Value 297,569.63 276,144.26 (32,843.88) $540,870.01 Unrealized Gain/Loss To-Date Value $2,257,738.98 ST Realized Gain/Loss LT Realized Gain/Loss Realized Gain/Loss Current Period Value 322,621.62 159,568.75 $482,190.37 Year-to-Date Value 326,751.29 159,568.75 $486,320.04 Cost Summary Equity Cash & Fixed Income Total 37,597,031.29 Cost 30,730,628.91 $68,327,660.20 Account Page 3 of 33 Consolidated Statement Page 6 EFTA01539415 FINANCIAL TRUST COMPANY INC ACCT. For the Period 2/1/12 to 2/29/12 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 8,093,000.00 541,761.25 2,790,957.50 14,183,172.76 $25,608,891.51 Ending Market Value 8,469,981.90 570,000.00 7,942,737.50 12,667,635.96 $29,650,355.36 Current Period Value 29,650,355.36 30,730,628.91 (324,169.51) 1,158,141.75 192,854.71 3.89% US Large Cap Equity Change In Value 376,981.90 28,238.75 5,151,780.00 (1,515,536.80) $4,041,463.85 Current Allocation 12% 1% 11% EFTA01539416 18% 42% Preferred Stocks Concentrated & Other Equity US Small/Mid Cap Equity Asset Categories Equity as a percentage of your portfolio - 42 % Account Page 4 of 33 Consolidated Statement Page 7 EFTA01539417 FINANCIAL TRUST COMPANY INC ACCT. For the Period 2/1/12 to 2/29/12 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 116.47 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 P FIRST REPUBLIC BANK SAN FRAN HSBC MARKET PLUS SPX 05/17/13 33616C-10-0 FRC 100.03 72% KO BARRIER- 0%CPN ,UNCAPPED INITIAL LEVEL-02/14/12 SPX:1350.50 4042K1-XQ-1 P ONEOK PARTNERS L.P 68268N-10-3 OKS 58.20 0.00 4.19% 5,000,000.000 5,001,500.00 5,000,000.00 1,500.00 29.99 0.00 86.52 1,000,000.000 865,200.00 1,000,000.00 (134,800.00) 2,095.000 244,004.65 250,454.95 EFTA01539418 (6,450.30) 14.35 16,535.000 237,277.25 251,475.52 (14,198.27) Quantity Value Adjusted Tax Cost Original Cost Unrealized Gain/Loss Est. Annual Inc. Accrued Div. Yield Account Page 5 of 33 Consolidated Statement Page 8 EFTA01539419 FINANCIAL TRUST COMPANY INC ACCT. • For the Period 2/1/12 to 2/29/12 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 $8,469,981.90 $8,501,930.47 ($31,948.57) $0.00 0.00% Quantity Value Adjusted Tax Cost Original Cost Unrealized Gain/Loss Est. Annual Inc. Accrued Div. Yield 106.10 2,000,000.000 2,122,000.00 2,000,000.00 122,000.00 US Small Cap Equity P EXTERRAN PARTNERS LP 23.65 COMMON UNITS 30225N-10-5 EXLP US Small/Mid Cap Equity DEUTSCHE BK AG LDN BRH DBL LONG ETN38 25154H-55-8 DAG Preferred Stocks BARCLAYS BANK PLC PFD SHS SER 5 8 1/8% 06739H-36-2 BCS PDAA /P-2 0.00 8.33% 11.40 50,000.000 570,000.00 352,529.00 217,471.00 25.55 EFTA01539420 39,250.000 1,002,837.50 1,002,565.50 272.00 79,716.75 17,938.46 7.95% Account Page 6 of 33 Consolidated Statement Page 9 EFTA01539421 FINANCIAL TRUST COMPANY INC ACCT. For the Period 2/1/12 to 2/29/12 Price Preferred Stocks CITIGROUP CAPITAL XIII 7 7/8% PFD 173080-20-1 C PNNA /BA1 GMAC CAPITAL TRUST I PFD STK 8 1/8% 361860-20-8 P RAYMOND JAMES FINANCIAL 6.9% PFD 754730-20-8 Total Preferred Stocks $7,942,737.50 $7,885,339.10 $57,398.40 $594,516.75 $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 4,044,412.80 USD NOTIONAL APPLE INC MAT FEB 05 2013 DEAL 9966782 N/O Client SWPBDP-MH-9 85.34 8,860.000 (756,104.04) N/A ** N/A 108.79 5,000,000.000 5,439,400.00 5,404,861.12 34,538.88 395,000.00 132,760.00 7.22% 7.49% 25.00 170,000.000 4,250,000.00 4,250,000.00 EFTA01539422 293,250.00 6.90% 23.48 80,000.000 1,878,400.00 1,882,773.60 (4,373.60) 162,480.00 8.65% Quantity Value Adjusted Tax Cost Original Cost Unrealized Gain/Loss Est. Annual Inc. Accrued Div. Yield 27.05 30,000.000 811,500.00 750,000.00 61,500.00 59,070.00 7.28% 42.69 71,000.000 3,030,990.00 3,585,969.22 (554,979.22) 168,625.00 42,156.25 5.56% Account Page 7 of 33 Consolidated Statement Page 10 EFTA01539423 FINANCIAL TRUST COMPANY INC ACCT. For the Period 2/1/12 to 2/29/12 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 $12,667,635.96 $13,990,830.34 ($567,090.34) $563,625.00 $174,916.25 4.43% 66.54 2,000,000.000 1,330,700.00 2,000,000.00 (669,300.00) Quantity Value Adjusted Tax Cost Original Cost Unrealized Gain/Loss Est. Annual Inc. Accrued Div. Yield 120.76 3,000,000.000 3,622,650.00 3,000,000.00 622,650.00 Account Page 8 of 33 Consolidated Statement Page 11 EFTA01539424 FINANCIAL TRUST COMPANY INC ACCT. For the Period 2/1/12 to 2/29/12 Alternative Assets Summary Beginning Asset Categories Hard Assets Estimated Value 4,203,472.50 Alternative Assets Detail Price Hard Assets 3PM CORN DLY LIQUIDITY NT 07/25/13 LNKD TO DJUBCN3T 07/22/10 48124A-WK-9 171.09 2,500,000.000 4,277,125.00 2,512,500.00 Quantity Estimated Value Cost Ending Estimated Value 4,277,125.00 Change In Value 73,652.50 Current Allocation 6% Account Page 9 of 33 Consolidated Statement Page 12 EFTA01539425 FINANCIAL TRUST COMPANY INC ACCT. For the Period 2/1/12 to 2/29/12 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 13,794,172.97 1,233,574.07 24,660,696.25 1,294,703.60 569,796.77 77,630.71 $41,630,574.37 Ending Market Value 9,522,649.63 1,120,173.88 25,236,423.00 1,336,253.50 1,198,814.77 (23,570.07) $38,390,744.71 Current Period Value 38,390,744.71 37,597,031.29 817,283.49 2,154,593.50 396,949.60 5.40% Cash & Fixed Income as a percentage of your portfolio 52 % Change In Value (4,271,523.34) (113,400.19) 575,726.75 41,549.90 EFTA01539426 629,018.00 (101,200.78) ($3,239,829.66 ) Current Allocation 13% 2% 33% 2% 2% 52% Cash Non-USD Cash Non-US Fixed Income Complementary Structured Strategies US Fixed Income Asset Cate ories Account Page 10 of 33 Consolidated Statement Page 13 EFTA01539427 FINANCIAL TRUST COMPANY INC ACCT. For the Period 2/1/12 to 2/29/12 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 13,587,256.28 1,068,700.00 10,932,680.00 6,109,375.00 6,716,303.50 $38,414,314.78 % of Bond Portfolio 44% 2% 25% 14% 15% 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 Other Total Value Market Value 9,522,649.63 1,120,173.88 21,148,005.00 2,610,353.50 1,198,814.77 2,814,318.00 $38,414,314.78 % of Bond Portfolio EFTA01539428 22% 2% 62% 6% 2% 6% 100% Account Page 11 of 33 Consolidated Statement Page 14 EFTA01539429 FINANCIAL TRUST COMPANY INC ACCT. For the Period 2/1/12 to 2/29/12 Cash & Fixed Income Summary NET FX CONTRACTS EXPOSURE SUMMARY US DOLLAR (23,570.07) 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 10,755,934.14 (4,485,377.00 ) 3,252,092.49 10,755,934.14 (4,485,377.00) 3,252,092.49 $9,522,649.63 10,755,934.14 (4,485,377.00) 3,252,092.49 $9,522,649.63 $0.00 $1,075.59 $104.36 Non-USD Cash CANADIAN DOLLAR 0.01% 1,075.59 104.36 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 EFTA01539430 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. 1.02 0.01 0.01 0.01 Account Page 12 of 33 Consolidated Statement Page 15 EFTA01539431 FINANCIAL TRUST COMPANY INC ACCT. For the Period 2/1/12 to 2/29/12 Price Non-USD Cash EURO PRINCIPAL CURRENCY Total Non-USD Cash 1.34 837,388.58 1,120,173.87 $1,120,173.88 1,099,726.08 $1,099,726.09 20,447.79 $20,447.79 $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 22.23 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 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+ /B1 Account Page 13 of 33 EFTA01539432 Consolidated Statement Page 16 100.13 5,000,000.00 5,006,250.00 4,725,000.00 281,250.00 111.00 1,200,000.00 1,332,000.00 1,278,000.00 54,000.00 84,000.00 31,732.80 106.00 1,500,000.00 1,590,000.00 1,530,000.00 60,000.00 97,500.00 4,332.00 350,000.00 20,415.00 3.27% 96.74 1,000,000.00 967,350.00 966,000.00 1,350.00 50,500.00 7,434.00 6.31% 101.85 2,000,000.00 2,037,080.00 2,031,000.00 6,080.00 159,200.00 26,974.00 6.87% 126,600.00 2,814,318.00 2,782,242.51 32,075.49 269,025.00 9.56% 4.82% 6.96% EFTA01539433 FINANCIAL TRUST COMPANY INC ACCT. For the Period 2/1/12 to 2/29/12 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+ /B1 NRG ENERGY INC 7 5/8% JAN 15 2018 DTD 07/15/2011 629377-BN-1 BB- /B1 P PR CMWLTH AQUEDUCT &SWR AUTH REVENUE SR LIEN 5 1/4% JUL 01 2042 DTD 02/29/2012 HELD BY DTC BOOK ENTRY ONLY PAR CALL 07/01/2022 @ 100 745160-RC-7 BBB /BAA BRASKEM FINANCE LTD 144A 7 3/8% OCT 29 2049 DTD 10/04/2010 HELD BY EUROCLEAR ISIN US10553YAC93 SEDOL B3WJX06 10553Y-9A-5 BBB /BAA BANK OF AMERICA CORP 8 1/8% PFD STK DEC 29 2049 DTD 04/30/2008 060505-DT-8 BB+ /BA3 101.80 2,000,000.00 2,035,980.00 2,081,180.56 (45,200.56) 162,500.00 47,846.00 7.97% 102.25 300,000.00 306,750.00 301,125.00 5,625.00 22,125.00 3,503.10 7.20% 99.90 0.00 5.26% EFTA01539434 101.25 1,000,000.00 1,012,500.00 1,001,500.00 11,000.00 76,250.00 9,743.00 7.36% 100.13 2,500,000.00 2,503,125.00 2,306,250.00 196,875.00 175,000.00 39,375.00 6.97% 103.75 2,500,000.00 2,593,750.00 2,615,625.00 (21,875.00) 196,875.00 97,890.00 6.97% Quantity Value Adjusted Tax Cost Original Cost Unrealized Gain/Loss Est. Annual Income Accrued Interest Yield Account Page 14 of 33 Consolidated Statement Page 17 EFTA01539435 FINANCIAL TRUST COMPANY INC ACCT. For the Period 2/1/12 to 2/29/12 Price US Fixed Income P SOUTHERN CAL EDISON 6 1/4% DEC 31 2049 DTD 01/17/2012 842400-FU-2 BBB /BAA Total US Fixed Income 101.24 3,000,000.00 3,037,320.00 2,999,982.50 37,337.50 187,500.00 39,580.67 $25,236,423.00 $24,617,905.57 $618,517.43 $1,830,475.00 $328,825.57 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 BOS5NQ3 042993-9S-6 Total Non-US Fixed Income $1,336,253.50 $1,356,750.00 ($20,496.50) $323,042.91 $68,019.67 24.89% 13.85 7,500,000.00 1,038,750.00 1,038,750.00 237,652.50 49,995.00 23.72% 6.16% Quantity Value EFTA01539436 Adjusted Tax Cost Original Cost Unrealized Gain/Loss Est. Annual Income Accrued Interest Yield 6.89% 2.98 10,000,000.00 297,503.50 318,000.00 (20,496.50) 85,390.41 18,024.67 28.98% Account Page 15 of 33 Consolidated Statement Page 18 EFTA01539437 FINANCIAL TRUST COMPANY INC ACCT. For the Period 2/1/12 to 2/29/12 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 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 $1,198,814.77 $1,000,000.00 $198,814.77 $0.00 0.00% 106.87 1,000,000.00 1,068,700.00 1,000,000.00 68,700.00 0.03 832,500,000.00 253,549.46 411,436.90 (157,887.44) Quantity Value Adjusted Tax Cost Original Cost Unrealized Gain/Loss Est. Annual Income Accrued Interest Yield 0.02 (760,000,000.00 ) (123,434.69) (411,436.90) 288,002.21 Market Value Receivable Trade Date EFTA01539438 Foreign Exchange Contracts CHINESE RENMINBI US DOLLAR Currency Settlement Date Counter Currency Amount Counter Amount Contract Rate Current Market Forward Rate Market Value Payable Unrealized Gain/Loss Jun. 8 11 Jun. 11 12 CNY USD 31,818,000.00 (5,000,000.00) 6.363600 6.289922 5,058,568.34 5,000,000.00 58,568.34 Account Page 16 of 33 Consolidated Statement Page 19 EFTA01539439 FINANCIAL TRUST COMPANY INC ACCT. For the Period 2/1/12 to 2/29/12 Market Value Receivable Trade Date Foreign Exchange Contracts CHINESE RENMINBI SINGAPORE DOLLAR SINGAPORE DOLLAR US DOLLAR US DOLLAR US DOLLAR Total Foreign Exchange Contracts Oct. 5 11 Jun. 11 12 Feb. 2 12 Mar. 6 12 Feb. 9 12 Mar. 6 12 CNY USD SGD USD SGD USD (31,818,000.00) 4,983,632.23 3,115,000.00 (2,500,000.00) (3,115,000.00) 2,492,797.70 6.384500 1.246000 1.249600 6.289922 1.246948 1.246948 4,983,632.23 5,058,568.34 2,498,099.36 2,500,000.00 2,492,797.70 2,498,099.36 $15,033,097.63 $15,056,667.70 (74,936.11) (1,900.64) (5,301.66) ($23,570.07) Currency Settlement Date Counter Currency EFTA01539440 Amount Counter Amount Contract Rate Current Market Forward Rate Market Value Payable Unrealized Gain/Loss Account Page 17 of 33 Consolidated Statement Page 20 EFTA01539441 FINANCIAL TRUST COMPANY INC ACCT. For the Period 2/1/12 to 2/29/12 Portfolio Activity Summary - U S Dollar Beginning Cash Balance Current Transactions INFLOWS Income Contributions Foreign Exchange - Inflows Total Inflows OUTFLOWS ** Total Outflows Foreign Exchange - Outflows TRADE ACTIVITY Settled Sales/Maturities/Redemptions Settled Securities Purchased Total Trade Activity Ending Cash Balance 11,518,506.87 (20,760,230.08) ($9,241,723.21) $10,755,934.14 * 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 12,914,486.41 (25,054,915.83) ($12,140,429.42) -Period Value 18,517,633.69 201,715.08 1,028,454.65 5,249,853.93 $6,480,023.66 (5,000,000.00) ($5,000,000.00) Year-To-Date Value* -243,300.38 1,028,454.65 15,435,918.74 $16,707,673.77 (15,000,000.00) ($15,000,000.00) Current Cost Adjustments Cost Adjustments Total Cost Adjustments EFTA01539442 Period Value 13,020.83 $13,020.83 Year-To-Date Value* 13,020.83 $13,020.83 Account Page 18 of 33 Consolidated Statement Page 21 EFTA01539443 FINANCIAL TRUST COMPANY INC ACCT. For the Period 2/1/12 to 2/29/12 Portfolio Activity Detail - U S Dollar INFLOWS & OUTFLOWS Type Settle Date Selection Method 2/1 2/1 2/2 2/2 2/3 2/3 Interest Income Spot FX Misc Receipt Accrued Int Paid Receipt of Assets Free Delivery FIFO 2/3 2/6 Misc Receipt FX Fwd Contract Description DEPOSIT SWEEP INTEREST FOR JAN. @ .01% RATE ON NET AVG COLLECTED BALANCE OF $20,870,797.17 AS OF 02/01/12 SPOT CURRENCY TRANSACTION - SELL BUY USD SELL ARS EXCHANGE RATE 4.358000000 DEAL 01/30/12 VALUE 02/01/12 (ID: OARSPR-AA-9) FUNDS TRANSFERRED FROM PRN A/C# Q78805001 TO PRN A/C# PHONE INSTRUCTIONS FROM CLIENT SOUTHERN CAL EDISON 6 1/4% DEC 31 2049 DTD 01/17/2012 @ 99.739 JP MORGAN SECURITIES LLC (BIDL) TRADE DATE 01/30/12 (ID: 842400-FU-2) LONG TOTAL RETURN SWAP 4,044,412.80 USD NOTIONAL APPLE INC MAT FEB 05 2013 DEAL 9966782 TRADE DATE 01/31/12 (ID: SWPBDP-MH-9) LONG TOTAL RETURN SWAP 3,007,792.80 USD NOTIONAL APPLE INC MAT FEB 03 2012 DEAL 6505432 SWAP UNWIND TRADE DATE 01/31/12 (ID: SWPBDH-AY-3) LONG TOTAL RETURN SWAP 3,007,792.80 USD NOTIONAL APPLE INC MAT FEB 03 2012 DEAL 6505432 SWAP UNWIND (ID: SWPBDH-AY-3) SETTLE FORWARD CURRENCY CONTRACT BUY SGD SELL USD CONTRACT RATE : 1.273200000 TRADE 11/02/11 VALUE 2/06/12 (ID: OSGDPR-AA-5) 3,183,000.000 2,547,011.28 EFTA01539444 (2,500,000.00) 1,027,921.33 5,000,000.000 0.00 8,860.000 0.00 (8,860.000) 0.00 0.003 (13,020.83) 533.32 (595,420.000) (138,349.11) 136,626.89 Quantity Cost Per Unit Amount Amount 199.52 Account Page 19 of 33 Consolidated Statement Page 22 EFTA01539445 FINANCIAL TRUST COMPANY INC ACCT. For the Period 2/1/12 to 2/29/12 INFLOWS & OUTFLOWS Type Settle Date Selection Method 2/6 2/6 2/6 2/10 2/10 2/15 2/15 2/27 2/27 FX Fwd Contract FX Fwd Contract Spot FX Accrued Int Paid Corporate Interest Accrued Int Paid Corporate Interest Accrued Int Paid Accrued Int Recd Total Inflows & Outflows Description SETTLE FORWARD CURRENCY CONTRACT BUY SGD SELL USD CONTRACT RATE : 1.299700000 TRADE 12/12/11 VALUE 2/06/12 (ID: OSGDPR-AA-5) SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL SGD CONTRACT RATE : 1.269500000 TRADE 1/25/12 VALUE 2/06/12 (ID: OSGDPR-AA-5) SPOT CURRENCY TRANSACTION - SELL BUY USD SELL SGD EXCHANGE RATE 1.246400000 DEAL 02/02/12 VALUE 02/06/12 (ID: OSGDPR-AA-5) ROYAL BANK SCOTLAND GRP PLC 5.05% JAN 08 2015 DTD 12/08/2004 @ 96.60 JP MORGAN SECURITIES LLC (BIDL) TRADE DATE 02/07/12 (ID: 780097-AP-6) CIT GROUP INC 144A 7% MAY 02 2016 JUN 15 2011 (ID: 125581-FZ-6) BRASKEM FINANCE LTD 144A 7 3/8% OCT 29 2049 DTD 10/04/2010 HELD BY EUROCLEAR ISIN US10553YAC93 SEDOL B3WJX06 (ID: 10553Y-9A-5) HCA INC 6 1/2% FEB 15 2016 DTD 2/8/2006 (ID: 404119-AR-0) NRG ENERGY INC 7 5/8% JAN 15 2018 DTD 07/15/2011 @ 100.15 JP MORGAN SECURITIES LLC (BIDL) TRADE DATE 02/22/12 (ID: 629377-BN-1) FELCOR LODGING LP 10% OCT 01 2014 DTD 10/01/2009 (ID: 31430Q-BA-4) 1,500,000.000 1,000,000.000 EFTA01539446 0.00 2,321,000.000 0.033 0.009 0.041 48,750.00 (8,895.83) 94,129.44 $1,480,023.66 300,000.000 0.00 0.008 (2,458.33) 1,000,000.000 0.00 5,000,000.000 0.004 0.018 (4,488.89) 87,500.00 (3,183,000.000 ) (2,547,011.28) 2,553,754.81 (3,249,250.000 ) (2,600,024.01) 2,559,472.23 Quantity Cost Per Unit Amount 3,249,250.000 2,600,024.01 Amount (2,500,000.00) Account Page 20 of 33 Consolidated Statement Page 23 EFTA01539447 FINANCIAL TRUST COMPANY INC ACCT. For the Period 2/1/12 to 2/29/12 TRADE ACTIVITY Note: Trade Date Settle Date 1/27 2/1 1/25 2/3 1/31 2/3 2/1 2/6 2/2 2/7 2/2 2/7 2/2 2/7 2/2 2/7 L indicates Long Term Realized Gain/Loss S indicates Short Term Realized Gain/Loss * 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 Sale FIFO Sale FIFO Sale FIFO Sale FIFO Sale FIFO FRANCESCAS HOLDINGS CORP @ 23.15015 72,922.97 BROKERAGE 157.50 TAX &/OR SEC 1.41 J.P. MORGAN SECURITIES LLC (ID: 351793-10-4) GUIDEWIRE SOFTWARE INC @ 16.75 18,843.75 BROKERAGE 100.00 TAX &/OR SEC .37 J.P. MORGAN SECURITIES LLC (ID: 40171V-10-0) EFTA01539448 FIRST REPUBLIC BANK/SF 6.7% PFD @ 25.07262 764,714.91 BROKERAGE 1,525.00 TAX &/OR SEC 14.69 J.P. MORGAN SECURITIES LLC (ID: 33616C-20-9) BANCOLOMBIA S A SPONS ADR @ 60.59888 81,808.49 BROKERAGE 100.00 TAX &/OR SEC 1.58 J.P. MORGAN SECURITIES LLC (ID: 05968L-10-2) AVG TECHNOLOGIES @ 13.36611 24,059.00 BROKERAGE 100.00 TAX &/OR SEC .47 J.P. MORGAN SECURITIES LLC (ID: N07831-10-5) GREENWAY MEDICAL TECHNOLOGIE @ 12.09555 21,771.99 BROKERAGE 100.00 TAX &/OR SEC .42 J.P. MORGAN SECURITIES LLC (ID: 39679B-10-3) MEDICAL PROPERTIES TRUST INC @ 9.84 221,400.00 BROKERAGE 1,125.00 TAX &/OR SEC 4.26 J.P. MORGAN SECURITIES LLC (ID: 58463)-30-4) NOVAGOLD RESOURCES INC @ 9.40 105,750.00 BROKERAGE 562.50 TAX &/OR SEC 2.04 J.P. MORGAN SECURITIES LLC (ID: 66987E-20-6) (11,250.000) 9.35 105,185.46 (106,875.00) (1,689.54) S (22,500.000) 9.79 220,270.74 (219,375.00) 895.74 S (1,800.000) 12.04 21,671.57 (18,000.00) 3,671.57 S (1,800.000) 13.31 23,958.53 (28,800.00) (4,841.47) S (1,350.000) 60.524 81,706.91 (81,000.00) 706.91 S (30,500.000) 25.022 763,175.22 (762,500.00) 675.22 S* (1,125.000) 16.661 EFTA01539449 18,743.38 (14,625.00) 4,118.38 S* Quantity (3,150.000) Per Unit Amount 23.10 Proceeds 72,764.06 Tax Cost (72,450.00) Realized Gain/Loss 314.06 S* Account Page 21 of 33 Consolidated Statement Page 24 EFTA01539450 FINANCIAL TRUST COMPANY INC ACCT. For the Period 2/1/12 to 2/29/12 Trade Date Settle Date 2/7 2/8 2/13 2/8 2/13 2/8 2/13 2/10 2/15 2/10 2/15 2/14 2/17 2/15 2/21 2/15 2/22 Type Selection Method Description Settled Sales/Maturities/Redemptions Sale 2/10 FIFO Sale FIFO Sale FIFO Sale FIFO Sale FIFO Sale FIFO Sale FIFO Sale FIFO Sale FIFO AEGON NV 8% PFD @ 25.00016 500,003.20 BROKERAGE 1,000.00 TAX &/OR SEC 9.61 J.P. MORGAN SECURITIES LLC (ID: 007924-60-8) CEMENTOS PACASMAYO SAA - ADR @ 11.00358 297,096.66 BROKERAGE 1,350.00 TAX &/OR SEC 5.71 J.P. MORGAN SECURITIES LLC (ID: 15126Q-10-9) REALTY INCOME CORP PFD 6 5/8% @ 25.03 500,600.00 BROKERAGE 1,000.00 TAX &/OR SEC 9.62 EFTA01539451 J.P. MORGAN SECURITIES LLC (ID: 756109-80-7) ROUNDY'S SUPERMARKETS INC @ 8.80164 198,036.90 BROKERAGE 1,125.00 TAX &/OR SEC 3.81 J.P. MORGAN SECURITIES LLC (ID: 779268-10-1) EV ENERGY PARTNER LP @ 68.27 122,886.00 BROKERAGE 100.00 TAX &/OR SEC 2.36 J.P. MORGAN SECURITIES LLC (ID: 26926V-10-7) IRONWOOD PHARMACEUTICALS INC @ 15.72 29,868.00 BROKERAGE 100.00 TAX &/OR SEC .58 J.P. MORGAN SECURITIES LLC (ID: 46333X-10-8) SG MARKET PLUS SPX 6/20/12 74% CONTIN BARRIER-0%CPN ,UNCAPPED INITIAL LEVEL-03/16/11 SPX: 1256.88 @ 105.55 JP MORGAN SECURITIES LLC (BIDL) (ID: 78423A-L3-4) ALNYLAM PHARMACEUTICALS INC @ 11.00098 44,553.97 BROKERAGE 202.50 TAX &/OR SEC .81 J.P. MORGAN SECURITIES LLC (ID: 02043Q-10-7) RAYMOND JAMES FINANCIAL INC @ 34.82158 109,687.98 BROKERAGE 157.50 TAX &/OR SEC 1.98 J.P. MORGAN SECURITIES LLC (ID: 754730-10-9) (3,150.000) 34.771 109,528.50 (107,100.00) 2,428.50 S (4,050.000) 10.951 44,350.66 (43,537.50) 813.16 S (5,000,000.000 ) 105.60 5,277,500.00 (5,000,000.00) 277,500.00 S (1,900.000) 15.667 29,767.42 (28,671.00) 1,096.42 S (1,800.000) 68.213 122,783.64 (122,310.00) 473.64 S (22,500.000) 8.751 196,908.09 (191,250.00) 5,658.09 S (20,000.000) EFTA01539452 24.98 499,590.38 (500,000.00) (409.62) S (27,000.000) 10.953 295,740.95 (310,500.00) (14,759.05) S Quantity (20,000.000) Per Unit Amount 24.95 Proceeds 498,993.59 Tax Cost (500,000.00) Realized Gain/Loss (1,006.41) S Account Page 22 of 33 Consolidated Statement Page 25 EFTA01539453 FINANCIAL TRUST COMPANY INC ACCT. For the Period 2/1/12 to 2/29/12 Trade Date Settle Date 2/22 2/27 2/22 2/27 2/22 2/27 2/23 2/28 2/24 2/29 Type Selection Method Description Settled Sales/Maturities/Redemptions Sale FIFO Sale FIFO Sale FIFO Sale FIFO Sale FIFO FELCOR LODGING LP 10% OCT 01 2014 DTD 10/01/2009 @ 112.125 JP MORGAN SECURITIES LLC (BIDL) (ID: 31430Q-BA-4) HEALTH CARE REIT INC @ 53.52559 264,951.67 BROKERAGE 247.50 TAX &/OR SEC 4.77 J.P. MORGAN SECURITIES LLC (ID: 42217K-10-6) TWO HBRS INVT CORP COM @ 9.99 89,910.00 BROKERAGE 450.00 TAX &/OR SEC 1.62 J.P. MORGAN SECURITIES LLC (ID: 90187B-10-1) MARKETAXESS HOLDINGS INC @ 31.91133 71,800.49 BROKERAGE 112.50 TAX &/OR SEC 1.30 J.P. MORGAN SECURITIES LLC (ID: 57060D-10-8) COBALT INTERNATIONAL ENERGY INC @ 29.94 107,784.00 BROKERAGE 180.00 TAX &/OR SEC 1.95 J.P. MORGAN SECURITIES LLC (ID: 19075F-10-6) Total Settled Sales/Maturities/Redemptions $11,518,506.87 ($11,073,196.00) $159,568.75 L $285,742.12 S (3,600.000) 29.889 107,602.05 (100,800.00) EFTA01539454 6,802.05 S (2,250.000) 31.861 71,686.69 (68,625.00) 3,061.69 S (9,000.000) 9.94 89,458.38 (89,100.00) 358.38 S (4,950.000) 53.475 264,699.40 (264,825.00) (125.60) S Quantity (2,321,000.000 ) Per Unit Amount 112.10 Proceeds 2,602,421.25 Tax Cost (2,442,852.50) Realized Gain/Loss 159,568.75 L Trade Date Settle Date Type Description Settled Securities Purchased 1/27 Purchase 2/1 1/25 2/2 Purchase FRANCESCAS HOLDINGS CORP @ 23.00 J.P. MORGAN SECURITIES LLC (ID: 351793-10-4) TO REVERSE ENTRY OF 01/30/2012 GUIDEWIRE SOFTWARE INC @ 13.00 J.P. MORGAN SECURITIES LLC AS OF 01/30/12 (ID: 40171V-10-0) Account Page 23 of 33 Consolidated Statement Page 26 Quantity 3,150.000 (375.000) Per Unit Amount EFTA01539455 23.00 13.00 Market Cost (72,450.00) 4,875.00 * * EFTA01539456 FINANCIAL TRUST COMPANY INC ACCT. For the Period 2/1/12 to 2/29/12 Trade Date Settle Date Type Settled Securities Purchased 1/30 Purchase 2/2 1/25 2/3 2/1 2/6 1/31 2/7 2/2 2/7 2/1 2/7 2/2 2/7 2/2 2/7 2/3 2/8 2/7 2/10 2/8 2/13 2/8 2/13 Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Description SOUTHERN CAL EDISON 6 1/4% DEC 31 2049 DTD 01/17/2012 @ 99.739 JP MORGAN SECURITIES LLC (BIDL) (ID: 842400-FU-2) GUIDEWIRE SOFTWARE INC @ 13.00 J.P. MORGAN SECURITIES LLC (ID: 40171V-10-0) BANCOLOMBIA S A SPONS ADR @ 60.00 J.P. MORGAN SECURITIES LLC (ID: 05968L-10-2) REALTY INCOME CORP PFD 6 5/8% @ 25.00 J.P. EFTA01539457 MORGAN SECURITIES LLC (ID: 756109-80-7) AVG TECHNOLOGIES @ 16.00 J.P. MORGAN SECURITIES LLC (ID: N07831-10-5) MEDICAL PROPERTIES TRUST INC @ 9.75 J.P. MORGAN SECURITIES LLC (ID: 58463J-30-4) GREENWAY MEDICAL TECHNOLOGIE @ 10.00 J.P. MORGAN SECURITIES LLC (ID: 39679B-10-3) NOVAGOLD RESOURCES INC @ 9.50 J.P. MORGAN SECURITIES LLC (ID: 66987E-20-6) ALLY FINANCIAL INC 8 1/2% PFD @ 21.45735 999,912.51 BROKERAGE 2,330.00 J.P. MORGAN SECURITIES LLC (ID: 02005N-30-8) ROYAL BANK SCOTLAND GRP PLC 5.05% JAN 08 2015 DTD 12/08/2004 @ 96.60 JP MORGAN SECURITIES LLC (BIDL) (ID: 780097-AP-6) CEMENTOS PACASMAYO SAA - ADR @ 11.50 J.P. MORGAN SECURITIES LLC (ID: 151260-10-9) ROUNDY'S SUPERMARKETS INC @ 8.50 J.P. MORGAN SECURITIES LLC (ID: 779268-10-1) 27,000.000 22,500.000 11.50 8.50 (310,500.00) (191,250.00) 1,000,000.000 96.60 (966,000.00) 1,125.000 1,350.000 20,000.000 1,800.000 22,500.000 1,800.000 11,250.000 46,600.000 13.00 60.00 25.00 16.00 9.75 10.00 9.50 21.507 (14,625.00) * (81,000.00) (500,000.00) * (28,800.00) (219,375.00) (18,000.00) (106,875.00) EFTA01539458 (1,002,242.51) Quantity 5,000,000.000 Per Unit Amount 99.70 Market Cost (4,986,950.00) * Account Page 24 of 33 Consolidated Statement Page 27 EFTA01539459 FINANCIAL TRUST COMPANY INC ACCT. For the Period 2/1/12 to 2/29/12 Trade Date Settle Date Type Settled Securities Purchased 2/9 Purchase 2/14 2/9 2/15 2/10 2/15 2/10 2/15 2/14 2/17 2/14 2/17 2/14 2/17 2/15 2/21 2/15 2/21 2/22 2/24 Purchase Purchase Purchase Purchase Purchase Purchase Description ALLY FINANCIAL INC 8 1/2% PFD @ 22.20 1,776,000.00 BROKERAGE 4,000.00 J.P. MORGAN SECURITIES LLC (ID: 02005N-30-8) BRASKEM FINANCE LTD 144A 7 3/8% OCT 29 2049 DTD 10/04/2010 HELD BY EUROCLEAR ISIN US10553YAC93 SEDOL B3WJX06 (ID: 10553Y-9A-5) EV ENERGY PARTNER LP @ 67.95 J.P. MORGAN SECURITIES LLC (ID: 26926V-10-7) IRONWOOD PHARMACEUTICALS INC @ 15.09 J.P. MORGAN SECURITIES LLC (ID: 46333X-10-8) ARIAD PHARMACEUTICALS INC @ 15.15868 250,648.77 BROKERAGE 826.75 J.P. MORGAN SECURITIES LLC (ID: 04033A-10-0) BIOGEN IDEC INC @ 119.4989 250,350.20 BROKERAGE 104.75 J.P. MORGAN SECURITIES LLC (ID: 09062X-10-3) HSBC MARKET PLUS SPX 05/17/13 72% KO BARRIERO%CPN EFTA01539460 ,UNCAPPED INITIAL LEVEL-02/14/12 SPX:1350.50 @ 100.00 JP MORGAN SECURITIES LLC (BIDL) (ID: 4042K1-XQ-1) Purchase Purchase Purchase ALNYLAM PHARMACEUTICALS INC @ 10.75 J.P. MORGAN SECURITIES LLC (ID: 02043Q-10-7) RAYMOND JAMES FINANCIAL INC @ 34.00 J.P. MORGAN SECURITIES LLC (ID: 754730-10-9) TWO HBRS INVT CORP COM @ 9.90 J.P. MORGAN SECURITIES LLC (ID: 901878-10-1) 4,050.000 3,150.000 9,000.000 10.75 34.00 9.90 (43,537.50) (107,100.00) (89,100.00) 5,000,000.000 100.00 (5,000,000.00) 2,095.000 119.549 (250,454.95) 1,800.000 1,900.000 16,535.000 67.95 15.09 15.209 (122,310.00) (28,671.00) (251,475.52) 300,000.000 100.40 (301,125.00) Quantity 80,000.000 Per Unit Amount 22.25 Market Cost (1,780,000.00) Account Page 25 of 33 Consolidated Statement Page 28 EFTA01539461 FINANCIAL TRUST COMPANY INC ACCT. For the Period 2/1/12 to 2/29/12 Trade Date Settle Date Type Settled Securities Purchased 2/22 Purchase 2/27 2/22 2/27 2/22 2/27 2/23 2/28 2/16 2/29 Purchase Purchase Purchase Purchase Description GMAC CAPITAL TRUST I PFD STK 8 1/8% @ 23.48467 1,878,773.60 BROKERAGE 4,000.00 J.P. MORGAN SECURITIES LLC (ID: 361860-20-8) HEALTH CARE REIT INC @ 53.50 J.P. MORGAN SECURITIES LLC (ID: 42217K-10-6) NRG ENERGY INC 7 5/8% JAN 15 2018 DTD 07/15/2011 @ 100.15 JP MORGAN SECURITIES LLC (BIDL) (ID: 629377-BN-1) MARKETAXESS HOLDINGS INC @ 30.50 J.P. MORGAN SECURITIES LLC (ID: 57060D-10-8) PR CMWLTH AQUEDUCT &SWR AUTH REVENUE SR LIEN 5 1/4% JUL 01 2042 DTD 02/29/2012 HELD BY DTC BOOK ENTRY ONLY PAR CALL 07/01/2022 @ 100 @ 97.474 JP MORGAN SECURITIES LLC (BIDL) (ID: 745160-RC-7) 2/24 2/29 Purchase Total Settled Securities Purchased Trade Date Type Est. Settle Date Selection Method Description Pending Sales, Maturities, Redemptions Sale 2/16 2/29 Quantity PR CMWLTH AQUEDUCT &SWR AUTH REVENUE SR LIEN 5 (1,000,000.000 1/4% JUL 01 2042 DTD 02/29/2012 HELD BY DTC ) EFTA01539462 BOOK ENTRY ONLY PAR CALL 07/01/2022 @ 100 (ID: 745160-RC-7) Account Page 26 of 33 Consolidated Statement Page 29 Per Unit Amount 98.27 COBALT INTERNATIONAL ENERGY INC @ 28.00 J.P. MORGAN SECURITIES LLC (ID: 19075F-10-6) 3,600.000 28.00 (100,800.00) ($20,760,230.08) Proceeds 982,700.00 Tax Cost (974,740.00) Realized Gain/Loss 7,960.00 S 2,250.000 1,000,000.000 30.50 97.50 (68,625.00) (974,740.00) 4,950.000 1,000,000.000 53.50 100.20 (264,825.00) (1,001,500.00) Quantity 80,000.000 Per Unit Amount 23.535 Market Cost (1,882,773.60) EFTA01539463 FINANCIAL TRUST COMPANY INC ACCT. For the Period 2/1/12 to 2/29/12 Trade Date Type Est. Settle Date Selection Method Description Pending Sales, Maturities, Redemptions Sale 2/28 3/2 2/29 3/5 2/29 3/5 2/29 3/5 Sale Sale Sale ONEOK PARTNERS L.P (ID: 68268N-10-3) SOUTHERN CAL EDISON 6 1/4% DEC 31 2049 DTD 01/17/2012 (ID: 842400-FU-2) EXTERRAN PARTNERS LP COMMON UNITS (ID: 30225N-10-5) FIRST REPUBLIC BANK SAN FRAN (ID: 33616C-10-0) Total Pending Sales, Maturities, Redemptions Quantity (1,350.000) (2,000,000.000 ) (2,250.000) (3,375.000) Per Unit Amount 59.00 101.75 23.68 30.177 Proceeds 79,548.56 2,035,000.00 53,167.04 101,676.89 $3,252,092.49 Tax Cost (80,014.50) (1,999,988.33) (54,112.50) (101,250.00) ($3,210,105.33) Realized Gain/Loss (465.94) S EFTA01539464 35,011.67 S (945.46) S 426.89 S $41,987.16 S Trade Date Est. Settle Date Type Pending Securities Purchased 2/28 Purchase 3/2 2/29 3/5 2/29 3/5 2/29 3/7 Purchase Purchase Purchase Description ONEOK PARTNERS L.P (ID: 68268N-10-3) EXTERRAN PARTNERS LP COMMON UNITS (ID: 30225N-10-5) FIRST REPUBLIC BANK SAN FRAN (ID: 33616C-10-0) RAYMOND JAMES FINANCIAL 6.9% PFD (ID: 754730-20-8) Total Pending Securities Purchased Quantity 1,350.000 2,250.000 3,375.000 170,000.000 Per Unit Amount 59.27 24.05 30.00 25.00 Market Cost (80,014.50) (54,112.50) (101,250.00) (4,250,000.00) ($4,485,377.00) Account Page 27 of 33 Consolidated Statement Page 30 EFTA01539465 FINANCIAL TRUST COMPANY INC ACCT. For the Period 2/1/12 to 2/29/12 COST ADJUSTMENTS Settle Date 2/29 Type Cost Basis Adj Description SOUTHERN CAL EDISON 6 1/4% DEC 31 2049 DTD 01/17/2012 CORPORATE ACTIONS ADJUSTMENTS (ID: 842400-FU-2) Quantity 5,000,000.000 Cost Basis Adjustments 13,020.83 Account Page 28 of 33 Consolidated Statement Page 31 EFTA01539466 FINANCIAL TRUST COMPANY INC ACCT. For the Period 2/1/12 to 2/29/12 Portfolio Activity Summary - Argentine Peso Beginning Cash Balance US Dollar Value Current Transactions OUTFLOWS ** Total Outflows Foreign Exchange - Outflows Ending Cash Balance * 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 - Argentine Peso INFLOWS & OUTFLOWS Per Unit Type Settle Date Selection Method 2/1 Spot FX Description SPOT CURRENCY TRANSACTION - SELL BUY USD SELL ARS EXCHANGE RATE 4.358000000 DEAL 01/30/12 VALUE 02/01/12 (ID: OARSPR-AA-9) Quantity 136,626.890 Amount USD Local Value Amount USD Local Value (136,626.89) (595,420.00) Currency Gain/Loss USD (1,722.22) Period Value -(136,626.89) ($136,626.89) -Year-To-Date Value* -(136,626.89) ($136,626.89) -Local Value Current Period Value 595,420.00 (595,420.00) (595,420.00) 0.00 EFTA01539467 Year-To-Date Value* -(595,420.00) (595,420.00) -Account Page 29 of 33 Consolidated Statement Page 32 EFTA01539468 FINANCIAL TRUST COMPANY INC ACCT. For the Period 2/1/12 to 2/29/12 Portfolio Activity Summary - Brazilian Real US Dollar Value Current Transactions Beginning Cash Balance Ending Cash Balance Period Value --Portfolio Activity Detail - Brazilian Real TRADE ACTIVITY - Brazilian Real Note: C indicates Currency Gain/Loss Per Unit Trade Date Settle Date 2/21 2/21 Type Selection Method Description Settled Sales/Maturities/Redemptions Expired Option FIFO BRL PUT JPY CALL FX EUROPEAN STYLE OPTION JAN 24, 2013 @ 42.5 KO @ 46.5 EXPIRATION OF WRITTEN FX OPTION OPTION KNOCKED OUT (ID: XBRLPA-GQ-Z) Quantity 4,588,235.290 Amount USD Local Value Proceeds USD Local Value Tax Cost USD Realized Local Value Gain/Loss USD 125,886.86 9,847,500.00 125,886.86 C Year-To-Date Value --Local Value Current Period Value 0.00 0.00 Year-To-Date Value --Account Page 30 of 33 EFTA01539469 Consolidated Statement Page 33 EFTA01539470 FINANCIAL TRUST COMPANY INC ACCT. For the Period 2/1/12 to 2/29/12 Portfolio Activity Summary Singapore Beginning Cash Balance US Dollar Value Current Transactions INFLOWS Total Inflows Foreign Exchange OUTFLOWS ** Total Outflows Period Value -5,147,035.29 $5,147,035.29 Foreign Exchange - Outflows Ending Cash Balance * Year to date information ** Your account's standing relieving assets from your Portfolio Activity Detail - Singapore Dollar INFLOWS & OUTFLOWS Per Unit Type Settle 2/6 2/6 FX Fwd Contract FX Fwd Contract Description SETTLE FORWARD CURRENCY CONTRACT BUY SGD SELL USD CONTRACT RATE : 1.273200000 TRADE 11/02/11 VALUE 2/06/12 (ID: OSGDPR-AA-5) SETTLE FORWARD CURRENCY CONTRACT BUY SGD SELL USD CONTRACT RATE : 1.299700000 TRADE 12/12/11 VALUE 2/06/12 (ID: OSGDPR-AA-5) Account Page 31 of 33 Consolidated Statement Page 34 (2,500,000.000 ) 2,600,024.01 3,249,250.00 100,024.01 Quantity (2,500,000.000 ) Amount USD Local Value Amount USD Local Value 2,547,011.28 3,183,000.00 Inflows Date Selection Dollar is calculated on a instructions use a position Method calendar year basis. FIRST IN, FIRST OUT method for EFTA01539471 Currency Gain/Loss USD 47,011.28 (5,153,778.82) ($5,153,778.82) -Year-To-Date Value* -5,147,035.29 $5,147,035.29 (5,153,778.82) ($5,153,778.82) -Local Value Current Period Value 0.00 6,432,250.00 6,432,250.00 (6,432,250.00) (6,432,250.00) 0.00 Year-To-Date Value* -6,432,250.00 6,432,250.00 (6,432,250.00) (6,432,250.00) EFTA01539472 FINANCIAL TRUST COMPANY INC ACCT. For the Period 2/1/12 to 2/29/12 INFLOWS & OUTFLOWS Per Unit Type Settle Date Selection Method 2/6 2/6 FX Fwd Contract Spot FX Total Inflows & Outflows Description SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL SGD CONTRACT RATE : 1.269500000 TRADE 1/25/12 VALUE 2/06/12 (ID: OSGDPR-AA-5) SPOT CURRENCY TRANSACTION - SELL BUY USD SELL SGD EXCHANGE RATE 1.246400000 DEAL 02/02/12 VALUE 02/06/12 (ID: OSGDPR-AA-5) ($6,743.53) $113,227.04 2,553,754.810 (2,553,754.81) (3,183,000.00) 6,743.53 Quantity 2,559,472.230 Amount USD Local Value Amount USD Local Value (2,600,024.01) (3,249,250.00) Currency Gain/Loss USD (40,551.78) Account Page 32 of 33 Consolidated Statement Page 35 EFTA01539473 FINANCIAL TRUST COMPANY INC ACCT. For the Period 2/1/12 to 2/29/12 Settled Foreign Exchange Contracts Currency Trade Date Settle Date Counter Currency Speculative SINGAPORE DOLLAR U S DOLLAR SINGAPORE DOLLAR U S DOLLAR SINGAPORE DOLLAR U S DOLLAR SINGAPORE DOLLAR U S DOLLAR Other ARGENTINE PESO U S DOLLAR Jan. 30 12 Feb. 1 12 ARS USD (595,420.00) 136,626.89 4.358000 4.303750 136,626.89 (138,349.11) (1,722.22) Nov. 2 11 Feb. 6 12 Dec. 12 11 Feb. 6 12 Jan. 25 12 Feb. 6 12 Feb. 2 12 Feb. 6 12 SGD USD SGD USD SGD USD SGD USD 3,183,000.00 (2,500,000.00) 3,249,250.00 (2,500,000.00) (3,249,250.00) 2,559,472.23 EFTA01539474 (3,183,000.00) 2,553,754.81 1.273200 1.299700 1.269500 1.246400 1.249700 1.249700 1.249700 1.249700 (2,500,000.00) (2,500,000.00) 2,559,472.23 2,553,754.81 2,547,011.28 2,600,024.01 (2,600,024.01) (2,547,011.28) 47,011.28 100,024.01 (40,551.78) 6,743.53 Amount Counter Amount Contract Rate Revaluation Rate Contracted Base Amount USD Revalued Amount USD Currency G/L Account Page 33 of 33 Consolidated Statement Page 36 EFTA01539475 THIS PAGE INTENTIONALLY LEFT BLANK EFTA01539476 J.P. Morgan Securities LLC FINANCIAL TRUST COMPANY INC 383 Madison Avenue, New York, NY 10179 ACCT. For the Period 2/1/12 to 2/29/12 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.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 7 Consolidated Statement Page 37 EFTA01539477 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 0.00 299,722.70 $299,722.70 Current Portfolio Activity Beginning Market Value Withdrawals & Fees Net Contributions/Withdrawals Change In Investment Value Ending Market Value Period Value 299,433.05 (25.35) ($25.35) 495.00 $299,902.70 Short Market Value (25,635.00) 25,815.00 $180.00 Year-to-Date Value 299,802.94 (50.24) ($50.24) 150.00 $299,902.70 Total (25,635.00) 325,537.70 Estimated Current Market Value Annual Income Allocation (2,568.00) $299,902.70 ($2,568.00) EFTA01539478 100% 100% ACCT. For the Period 2/1/12 to 2/29/12 Account Page 2 of 7 Consolidated Statement Page 38 EFTA01539479 FINANCIAL TRUST COMPANY INC Account Summary CONTINUED Tax Summary Unrealized Gain/Loss Cost Summary Equity Cash & Fixed Income Total 325,537.70 Cost $295,458.07 (30,079.63) Investment Objectives Speculation Permitted Capital Appreciation ACCT. For the Period 2/1/12 to 2/29/12 To-Date Value $4,444.63 Yes Yes Account Page 3 of 7 Consolidated Statement Page 39 EFTA01539480 FINANCIAL TRUST COMPANY INC Equity Summary Asset Categories Non-US Equity Beginning Market Value (26,130.00) Ending Market Value (25,635.00) Change In Value 495.00 Current Allocation ACCT. For the Period 2/1/12 to 2/29/12 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 (25,635.00) (30,079.63) 4,444.63 (2,568.00) 17.09 (1,500.000) Short (25,635.00) (30,079.63) 4,444.63 (2,568.00) EFTA01539481 10.02% Account Page 4 of 7 Consolidated Statement Page 40 EFTA01539482 FINANCIAL TRUST COMPANY INC Cash & Fixed Income Summary Beginning Asset Categories Cash Market Value 325,563.05 ACCT. For the Period 2/1/12 to 2/29/12 Ending Market Value 325,537.70 Change In Value (25.35) Current Allocation 100% Current Market Value/Cost Market Value Tax Cost SUMMARY BY MATURITY 1 Cash & Fixed Income 0-6 months 1 Period Value 325,537.70 325,537.70 SUMMARY BY TYPE Market Value 325,537.70 % 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 325,537.70 % of Bond Portfolio 100% Account Page 5 of 7 Consolidated Statement Page 41 EFTA01539483 EFTA01539484 FINANCIAL TRUST COMPANY INC ACCT. For the Period 2/1/12 to 2/29/12 Cash & Fixed Income Detail Quantity Price Cash US DOLLAR US DOLLAR Total Cash 1.00 1.00 299,722.70 Margin 25,815.00 Short 299,722.70 25,815.00 $325,537.70 299,722.70 25,815.00 $325,537.70 $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 7 Consolidated Statement Page 42 EFTA01539485 FINANCIAL TRUST COMPANY INC ACCT. For the Period 2/1/12 to 2/29/12 Portfolio Activity Summary Beginning Cash Balance Transactions Short Fees Charged OUTFLOWS ** Total Outflows Ending Cash Balance Current Period Value 325,563.05 (25.35) ($25.35) $325,537.70 * 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 2/6 2/6 2/13 2/13 2/21 Description 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 Mark to Market Adj MARK TO MARKET SHORT POS SUB-ACCOUNT: SHT SHORT DEBIT FEE 01/21-02/20 SUB-ACCOUNT: MGN Misc Debit Total Inflows & Outflows Quantity Cost Per Unit Amount Amount (510.00) 510.00 735.00 (735.00) (25.35) ($25.35) Year-To-Date Value* -(50.24) ($50.24) -Account EFTA01539486 Page 7 of 7 Consolidated Statement Page 43 EFTA01539487 THIS PAGE INTENTIONALLY LEFT BLANK EFTA01539488 For the Period 2/1/12 to 2/29/12 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. 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 EFTA01539489 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 EFTA01539490 For the Period 2/1/12 to 2/29/12 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) EFTA01539491 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 EFTA01539492 For the Period 2/1/12 to 2/29/12 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. EFTA01539493 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 EFTA01539494 For the Period 2/1/12 to 2/29/12 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 EFTA01539495 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 EFTA01539496