EFTA02548929

From: Richard Kahn <[email protected]> Sent: Tuesday, December 12, 2017 6:38 PM To: jeffrey E. Subject: capital gains 2016 capital loss carry forward =/span>(30,712,274) apple realized gains (march 2017 & dec 2017) =/span> 26,940,828 other =ap gains (includes haze trust art sale gains) gspan> 3,836,328 capital gains thru nov 2017 = =/span>64,882 K-1's a) honeycomb - they made a 475 election =o all income (20mm investment x 20% returns = 4mm) should be =rdinary EDC b) boothbay - portion relating =o capital gain from ytd gain of 5.4mm (as fund is up 12.4% thru Nov =017) is unknown and concerning on 2016 =-1 the majority (95%+) of the income was ordinary business income =EDC), interest and dividends Top = Unrealized losses in Portfolio 1 Ascena Retail Group (50,500 =hares) = 973,468 2 Teva =harmaceuticals Mandatory convert (1mm quantity) =/span>604,500 3 Nationwide Bond (2mm =uantity) = 506,660 =/span> 4 Royal Bank of Scotland Bond (5mm =uantity) = 433,817 5 Allergan =andatory convert (1mm quantity) 260,035 Total Top S Unrealized Losses = =/span>2,778,480 should we take losses to =ffset boothbay capital gains and give ourself a cushion so that we come =s close to $0 capital gains for 2017 please =dvise thank you =awbone 11,250,000 - should mort sell to RK/someone else for $1 to =ecognize the loss?? Richard Kahn HBRK Associates Inc. 575 =exington Avenue 4th Floor New York, NY 10022 tel 212-971-1306 fax 212-320-0381 EFTA_R1_01704006 EFTA02548929 cell 917-414.7584 = 2 EFTA_R1_01704007 EFTA02548930