EFTA02671724

From: Richard Josli Sent: Friday, November 21, 2014 1:09 PM To: jeffrey E.; Eileen Alexanderson; Richard D'Agostino Cc: [email protected] Subject: Trust reporting - BFP LP look through Attachments: FIN STMTS 09-30-14 GLOBAL LOOK THRU.pdf; TRUST INSURANCE - FINE ART.pdf; FINANCIAL INVESTMENTS - BFP LOOK THRU.pdf I prepared the attached version of financial stateme=ts to accompany the previously handed out materials. I have shown BF= LP assets on a look though basis, with BFP assets apportioned=19.72% to the trusts. While 89% of BFP LP assets is APO/ BRH, there is 8.2% or approx. $46M of financial investments that a=e the trust's aliquot share. I think this provides=a better reflection of the trust's financial investments and a sligh=ly better reflection of overall composition of assets by class. = Not essential as a distribution today but I thought it might be helpful. L=t me know if you think I should add to package, i.e. email RR and hand out=at meeting. I received the insurance policies yesterday and I ha=e a two page handout summarizing the carriers and the premium allocation a=ong the trusts based on FMV. I think it would be helpful to have this appr=ved. Richard Joslin CFO Elysium Management LLC 1 EFTA_R1_01943228 EFTA02671724 2 EFTA_R1_01943229 EFTA02671725