EFTA02674602

Valuations 4/30/13 EFTA_R1_01956146 EFTA02674602 Investment Summery 4/30/13 Oa 8 Ecsivilads Southem Financial LLC- (see note below) 14,367.623 J.Epsten 1,804.285 HAZE Toad 28.355 FT Real Estate Soutlwrn Trust Company 8,109.468 Jeepers 11053438 J Epstein VI Foundatcn 4,588,480 Total Cash 8 Equvaients 40.828,807 Less Cash in Operating Amounts Cash in Fourdabons (1.196,197) pt 565 400) (5.761 857) Total Available Cash 8 Equrvaients 35.056950 ,P Morgan Tradeb Account (cash, securities, Derhitues} SFUC See Note A .P Mcsn Traang Account (ash. secants DertAtties} 1447E JP Morgan Trion° Account bosh secteltes. Derail' s} STC 70.797.344 22,077,457 6,136.918 Marketable Stowers -(frrrv) 12,204528 Investment American Yacht Harbor (per JEE) Settlements Recervable -C6Z Partnership Investments (see attached schedule) Total • V3 Aoche 311007,131 Ad/ailments' Coasting Cash 1.196.197 Loans Receivable 1,865,415 Total per attached val-aton schedule 34 4 350 743 Investment Partnershops are sulaect to rams restrictions on withdrawals, and therefore. 314.060 743 the tonna of avarialudy ci funds will be so limited. NOTE A: The JPM traanp account was funded wt $75 Mew During July 2011 we wthdrew $ $2,478,520. On 2/120728N socourt was refund by 1501.930 for the purchased 16,535 Med Phermeoetilloels 8 Z095 Blown IDEC. on 5/22/12 the account was reduced by $1.330.030 for the purchase of 35,000 shares ci Fstook. In Maud 2012 the account recehed $349,402 from the sales proceeds el 17,503 eh el Feastock On 9/12/12 the San was Stated by $10mm for the transfer b Mod Inc Cu 119/12 there was a banger to JEE of 51,000000 1,000,000 59,646.770 100,037.164 311 CC7.3• EFTA_R1_01956147 EFTA02674603 J. EPSTEIN S RELATED EHTTDES VALUAT1ONS CAS H.LIABILME S, INVESTM EN TS 4/30/13 80~111PCSI L.LQ ACCOUNTS 03/31/13 0010/13 01/01/13 VALUATON YTD ME PERFORMANCE J P MORGAN- Cash 14,339048 14.380.876 JP Morgan Trading Account 69,829.787 70797.344 J P Morgan- Stio4dties 9.264.361 10274.199 Offir Bank Accoures 28,945 26,945 NVEST1AENTS TUCCR FUTURES 13.603.889 13,100,259 12578.999 4 14% -4 33% HIGHBRCK3E CAPrTAL 18.952.160 '8,919,941 18,624,993 1 58% -0 77% BEAR STEN:NSMeet Backed Stoute; (7/31/C0 vak 331.882 331,882 J P MORGAN. Cash JP Magen Tniding AcoDunI Other Dank Accounts Aden SolutIons (al men Soultotm Trust GenaMny 8591.532 8,129.418 180,554 84:92502 6.136918 96164 500060 Seelements C43 Z1MRN SPECIAL OPPURTUNITIES FUND 74000,000 78,004000 aeaN49144a iess parbal volvirevial payment receNed (0541.292) (16.353230) J P MORGAN- Cash 4.041.303 11,853.438 JP Morgan !memo AcoDunt 1,511,347 1,520,329 /*firn/ Egateln MEST MENT American Yechl Harare 1,0170.000 1.030.060 FT Real atlete - Investment In ptshp at oost 1.508.833 1,506,833 CHECKING/SAVINGS ACCOUNTS 1290,729 1,072.488 LOANS CUE FROM INDIVICUALS 1,745.415 1,765,415 ORE CLUB NOTE 100,000 100,600 EIROKERAGE ACCOUNTS JPM (Beat Summa) 666,892 666.913 J P MORGAN 56,805 56,620 Mod lno AlOhrom (at tost basis) 10.660.600 10,030,00) (1)60233 stores cl oommon, ard 695,331 CIE% of Se/ 5 Pre) Butterfly Trust 8.044 6044 HARE 'Rust HIGHBRIDGE CAPITAL 35,095.308 35.035.646 34,404.356 1.83% -0.17% KING STREET (estmate) 24215,266 24,590.603 23,276.473 S.65% 1.55% JP Morgan Cash 28.354 28,355 JP Morgarimanageo account 22,282,685 22.077,457 TOTAL 314,146.255 314,068,743 THESE A1AOUNTS CO NOT 1NCLUDE HOUSES AIRPLANE.FD(TURES S OT HER ASSETS EFTA_R1_01956148 EFTA02674604 Recondgallon of large Sams Value 3/31/13 314,146,255 Partnerships (310,174) see below JPM Trading account- SFLLC (FTC) 1,167,557 JPM Trading account- HAZE (205228) JPM Trading account- STC 11,500 Securities DNIdendsAnterest Apollo Distribution 1,512640 9,796 Change in loan account 20,000 cash spent : JEE (2,212,237) STC (83,790) cash received BSABS 12,224 miscellaneous total 314,068,743 Value 4/30/13 314,068,743 Partnerships SFLLC TUDOR FUTURES SFLLC HIGHBRIDGE CAPITAL Haze HIGHBRIDGE CAPITAL Haze KING STREET (593,630) (32,219) (59,662) 375,337 (310,174) EFTA_R1_01956149 EFTA02674605 JEE and Related Entries Cash Summary 4030/13 SRLC JPM Ban,. accoonts 14360678 76,945 4,387,623 JEE Bank accounts 1,072,488 1.196,197 JPM (Bear Stearns) 666.913 JPM 56,820 &Amity Trust (Bear Stearns) 8,044 1,804,265 JEEPERS JP Morgan 11.853438 11 853 438 I4AZE Tnrt JPM 28.355 28.355 Southern trust Company JPM 8.032.702 Bank accounts 96.764 8 189 466 Enhanced Educatom 4.565 460 4 565 4W Total Casa 40,828.607 40 82a sot this does not include cash in „FP Morgan Fading account EFTA_R1_01956150 EFTA02674606 LE and Woad Enatcps Avabble Ego% for kroostrrents 403/1$ 54marftlas Lona. Fair Make' Wiwi Putclosa 4/33(13 3/3913 pao(844) 70,500 Aiwa ROW OF= 1,334.250 1907/75 (3.525) 213,003 FIcerbefar SFLLC 79,5..” 70.335 20 11,753 JP Morpm OF= 1.008115 1,032.307 33.718 209157 4'90106%W Manaserent IFU.0 7,031,155 5.094.717 1958409 17,503 Faaitook (uschmed 577X12) RUC 485075 447,050 38925 10935 Mad Ftarnamstcais MIX 245.480 203.953 (3473) 2,095 B10;0010EC IRLO 458958 403934 55,124 149.403 ,IPM Flt Rate 424% Sion SOO 1920,320 1.511947 3,032 12.294520 10 T75700 1.512 (140 sratasion 80.1884 FTC) PM Tredhp (al dashed) uretalkad 7.720.728 Net PM 2010 (1.519.393) Nakco82010 (8860,230) Not P4.12011 (741902) fcsand.2011 1941547 NM P612012 11834932 realm:42012 8103574 NM PM 20n 1,304943 ...sized-2013 (000 240) Tot. P&L WC* IINKAIOn 10 758 ND 10755393 SFLLC Invest sonic am 4a0113 at Fair Market Wu', 13 103250 TUOOR FUTURES SFLLC ICHERICOE CAPITAL 18919.041 SFU.0 ASS Trust NO valuation 7/31109 FTC moves mat thardpoo-o4 331882 HAZE HIGH8R1OGE CAPSTAL 55.035,648 HAZE KING STREET 24,540,603 FT Rall EOM* 21 East 25a 9zoat (af cost) 020,500 FT Real Blab Ccat ar Os HolOigs(at am) 508,333 STC Min SolAcos NI 4°60(1.142.857 an of Sat A Lid 0.4975 pa sll) 503,000 Mal Inc Alphcorn (cost cob% (1,203,333 sh common. 80,301 eh Ssr 5 rd) 10000000 " mita p_ EFTA_R1_01956151 EFTA02674607 Southern Financial U.6 Analysts of Investment investment F M V unrealized 4/30/13 Gain(loss) MI Hertz 12/1505 5,100,000 datrbuilons 8/11/06 (2.160,021) distributions 12/11/06 (560.006) distnIxilions 7/26/07 (2,440.906) clistraxtions 4/2CV11 (1.297352) dstnbstions 12/12/12 (1 308 976) (2,667 261) 3 673 688 6 340,949 rral &Mutation BS ABS 11/29/06 10,003,000 distributions (3.907 753) 6,092 247 331,882 (5.760`5L Hghbrldge Capital Corp 1/11/01 25.060.600 clathloubons 2/2806 (25 000 000) • 18,919,941 18,919941 This represents the total of Hicatintlga Captal Corp and Fe MulthStratiow (4~ Ltd Tudor Zwlm 1/3001 5,030,000 1/14/13 datrbution (4193 300) 806 700 ,IEEPER6 4/29102 basted 10,600,030 8/30/02 heisted 10,003,0:0 12/2/02 ~steel 30.000.0:0 6/203 fleeted 10,000,030 1/105 kwested 20,000,000 natn2 akitraxtbei (6,541,232) 4/12/13 CletrWbn (9 811 938) 63 646.770 13 100,259 12,293 559 Balance receivable from Fortress $83,848,770 D8Z• gattlerneM Trss is based on the !ocarina assumc(wm the fund wc recognize a withdrawal 'moult payed° to Jeepens totaling 570 na«, 70 000,000 Jeepers well recent an interest c4G Dutins Mho interest yoked at approx $3.8 malen with a 5,030,000 cockatoo payment from G. Dubin ENS to the excess of $5 million over Ete atzlegate value of all ckstributions made with respect to Mrs irsreatment JEE w18 pay 51 million for boms interest in Corbin. LE will rerceme all cistributons upto 52 mural 1,0:0,000 ard the remaining distneutions will be dtoefed 50/50 between LE and Zwim 76 MO 000 EFTA_R1_01956152 EFTA02674608 Haze Trust Analysis of Investment Investment FMV unrealized 4/30/13 Gain(loss) Highbridge Capital 4/20,99 10041,666 35,035646 24,993,960 This represents the total of Highbridge Capital Corp- and HB Multi-Strategy HoId:ngs Ltd. King Street 11/1/981 10,000,000 7/28/10 50% redemption (20.090,787) (10,090,787) 24,590,603 34,681,390 EFTA_R1_01956153 EFTA02674609 ENHANCED EDUCATION TOTAL 440/13 PARTNERSHIPS & CASH SECURITIES JP Morgan (Fonterty Boar Steams) 4322308 4322.308 BANK 43.152 43,152 TOTAL 4.565.400 4,565.460 EFTA_R1_01956154 EFTA02674610 kw Steams Asset Doled Securities Oselbereloas Received RC Tool Panne snip & Trot Partnership Trust 1/9/05 3/22/08 4/14/08 5/144:8 6/16/191 7/16434 8/21/08 9/25/08 10/29/06 11/25/08 12/22/08 1/23/09 2/20/09 3/12/09 4/30/09 5/29/09 7/24/09 Note A 8/ 26/09 9/21/139 12/2/19 1/8/10 2/8/10 3/8/10 4/600 5/10/10 6/6/10 7/8/10 (/10/10 9/8/10 10/13/10 11/8/10 12/8/10 1/10/11 1/31/11 Note wani 3/8/11 4/3/11 5/9/11 6/9/11 7/8/11 MIAS 9/8/11 10/17/11 11/8/21 12/6/11 2/9/22 2/8/12 3/9/12 4/9/12 5/1/12 6/8/17 7/9/12 8/9/12 9/11/12 10/9/12 11/8/13 12/10/12 1/9/13 2/8/13 3AV13 4/15/13 Total 2.04729100 432,015.00 117,70730 247,70700 135,377.00 114711.00 110,615M 11157810 92.12743 115,95330 71670.10 73,670.00 73414.00 67,434.00 66.443M 57,9116.03 84,38103 17,911.10 3171100 8743500 1,047,791.03 431.01530 147,70730 247,70700 135,37730 110211.02 110,615.03 110,578.03 92,127.00 85953.00 73,670.03 73,67000 7261400 67434.00 66,44303 57.99600 84,387.0) 4291103 35.71100 87,89530 2507330 3,07330 31.07344 31,07394 33,60593 3330593 22.613.71 22313.71 26.315.18 26,315.16 8,243.91 25.24191 19961.45 1996145 22,012.08 22,012.08 2490.61 24,969.61 20,53/91 70,527.91 23,336.55 23,336.55 25,234.17 $23417 24,62391 24.62391 3,79317 75,793.17 26.956.92 26,96692 26,31330 26,333.00 21,112.25 71,112.23 21,557.96 nano 18.6741.74 1467/174 16,690.35 1699035 25596.19 25.596.19 16410.22 16,810.22 15419.76 15.81176 17,37732 17377.37 1743249 1741249 18001173 18.001473 11411.56 1161156 19,767.40 19,767.40 17.62123 17,627-23 16,81079 160=79 17,401.50 17.401.50 16,165.50 16,16530 16,60296 16,60296 14,872.40 1447240 1544591 15.645.41 15,031.04 15.03604 11,21921 14,20121 14,59400 14,59400 13,897.23 13,897.23 13,251.21 13251.21 12,22345 12,223.65 3,907,753.04 3,113,595.17 794.151.67 FTC Waled 510000,003 In seer Sown. Asset NOS Secure:let on 11/29/06 DIMINO:ins ere based on minerIng insets NOTE A: (represents 2 months per Dorothy Orkesky) NOTE II: (melt ollusenent In parelershlft EFTA_R1_01956155 EFTA02674611 I CI i Account Position and MTM Summary (Open Positions) - • Chaim taweatmiet O000rmasusn! Prepared for Southern Financial llC as of April 30. 2011 Current IN • CwieinedIty IISDMNFE MARS USDOIF 12.1375 5.1175 0.9295 NAUIND ~KIM USDCAP 1476.89 1101.28 1.0072 OPUSES EURUSD "sent 13533 USDA"( 1_3167 USOBRI. 1.792 USONOK 97.440 2.0213 5.7694 esta • Intrad Prin vla BYwmbn Trade Dat. Symbol Shares Company Currency Dunde nd Industry Yield Cod Basis IS) Msdnit Value 15/ Entry Pos. (inmost Pro o (Local) (Small Mt TA 11-Oct.11 TEE Om TelefOriK4 54-SDOn Ad r uSD Communications 0.00% $30.080 (5ngss) 20 05 11.57 1225 15./un-12 TEE (39) Telefroka Sa-Spon Adr USD Communkations 0.00% $488 M) 12.52 14.57 (3130) 24-lan. 13 ARIA 9.000 /Wad Pharmaceutkals Inc 050 insumer.114on-cyclY 0.00% (3174400 $160.100 19.60 17.17 N15.570) 14-Feb.12 ARIA 7.535 Anad Pharmaceuticals Inc USD nwmem Non<yclk 0.00% (1114.60) $1341.050 15.21 Ina 120.051 (1474450) 24.0(t-12 Di 25,000 CO 050 insumer, Noncyclk 0.00% $471500 1802 19.14 11,050 Dean Food. Pwrshs Ob Agri Double long 12.10-10 DAG 50.000 USO Funds 0.00% (3352.55) $499.244 7.05 9.99 $146.900 I 7-May12 F 17.500 Fadebook Inca USD Communkationc 0.00% (3465.000) $445.9511 38.00 27.77 (9179.043) 144445-12 B110 2.095 Biogen Mac lost USD moonier, Non<yelk 0.00% (3250.455) 5455.655 119.55 218.93 3201203 23.4pr-13 GE 23.000 General Electric Co USD Industrial 3.41% (4495.190) $512.670 21.53 22.29 317,430 99 l996 tO-W-V133 Structured New • Manual Trade Data Maturity "ace Amount thus • via l%/or an Invenrv.ent lank at or Door 0 Long Dessopeon Con lases (S/ Market value 151 interest Received Entry Pee* IS) Current Prlte (5) MOM b-Nov-12 22.14ov-13 1.000.0:0 Gs NOte 1' /22/1 Sloe, 0 Man VS UM 85% Barrier. 5% Abn Con-22 9%Martm 111 OOt1.00,11 51.137;80 50 1100 00 • 1 72 1137;80 9ijam13 24-lan-14 1.000.000 Nsh Ren Inked To Cnh Vs Usd S001414arten 01109/13 IMtW Strates6.1995 (11,00aco) $1,010.100 50 $100.00 1101.01 $10.800 14.Feb-13 20-Aug-14 1.000030 1.45 Market Plus MRK 08/20114 BO% ENO Barner - 3.S% CPN, Uncapped Initial level - 2. ($1.003.o0) 31.124350 50 $100.00 3112.04 $120.350 5Apr.12 16-4M-15 1.500.000 Mentor OM 6.200% CP1404/16/2015 Dtd 04/16/2012 ($1.5oo.coo) $1.573.800 569288 1100.00 $104.92 5143.688 Structured Notes MIMI (54.500,000; $4.842.130 569,888 412.018 • 0-5. fis•4 Inmeme Intriid Pekin- vla 8 bomber Trade Date Maturity 4404 Amount Issuer SIP Rating Next Cull Date Coupon Poncipil Cost Mad mt value Total mt. Accrued Yield to Worst Entry Price Current Prue Nome 22 feb-12 15 an .201/ 1.000.000 Mg Energy IM BB- WA 7625% 11.151.760 590.653 389% $100.15 511548 $247.913 22-0d-12 01.Apr.2019 1.000.000 Headwaten Inc 4/1/2015 7.62S% ($1.035.000) $1.067.500 339,119 4.71% $103.50 $106.75 592_119 22.Oct-12 15-11.14t2019 400.000 Earthlink Yinc I. 5/15/2015 8475% ($414.000) $425.300 $18.519 7.04% $103.50 $106.33 529239 23.0cí-12 15-May.2019 600.000 Earthlink Inc ti- 5/15/2015 4.975% (1619.500) $637.950 127660 7.04% $103.25 $106.33 $46.110 1-Oct-12 01.Arn-2019 1,000000 Kindred IlealdWeint Inc 6/1/7014 5.250% (1996.250) $1.037.500 547,896 6.96% 399.63 $103.75 Saud 6-Nov-12 01.mn-2019 1004000 Kindred Healthcare Inc 6/1/2014 8.250% ($970.000) 31.037.500 539.417 4.96% 397.00 $103.75 5106.517 24-Ian-13 15-Feb-2020 1.504000 Senternaster Company 2/15/2015 8.005% (51595,625) $1,616.250 532,000 6.10% $106.38 $107.75 Sum 23-Feb-13 15.Feb-2020 1.004000 Seerkemaster Company 2/15/2015 LOCO% ($1.070,00) $1.077.500 514,444 6.10% $107.00 1107.75 $21.944 3- p-13 ID-Apr.2023 300.000 Barclay, Bar( Plc 442 4/10/2018 7.750% ($300,000) 13:0.550 $1.744 7.05% $103.00 $10215 510.294 15durel 1 Perpetual 2.500,000 Ipenorgan Chaos It Co BBB 4/30/2018 7.903% (12.702.425) 12.910.500 $370.313 4.22% $10610 1116.42 $571354 15-tun-11 Perpetual 2.500.000 penoeg an Chase & Co BBB 4/3012018 7.900% (12.704425) 32.910.500 1370.313 4.22% $10610 5116.42 $57131111 10-lan.11 Perpetual 2.000000 Bank Of America Corp BB* 5/15/2018 4.125% G2.011,1807 32.210.000 $374,653 4.95% $10406 $114.00 $573.473 30-14n-12 Perpetual 3.000.000 Southern Cal Edison Bel- 2/1/2022 6.250% 552.999.97) $3.343.370 $234.375 4.47% 510000 $112.7* 5.17.775 27-/un.12 Perpetual 2.000.000 General flex Cap Co., 6/15/2022 7.125% (2.124920) 52213.040 $119.938 4.97% $106.15 $11514 /314011 EFTA02674612 LSL9S6LO-Ld-Vid3 EFTA02674613 95L9S6L0- 1S- V133 GI le•e•Ins.a. noraanites.dill.• Current FR IL Caterwdlty ntat S. ~St WS. fl ew •••••., Account Position and MTM Summary (Open Positions) Prepared for Southern Financial LLC as of April 30. 2013 US 74 12.13711 XAUUSO 147609 G8PUSO 13533 LISOMY 97.440 USG/AS 5.1875 USDKRW m(11.28 EURUSO 1.3167 USINIRL 2.0013 USDCHF 0.9295 ~CAD 1.0072 =TRY 1.792 USONOK 5.7694 usted einlbrelida Trade Data Maturity Sharer Company SIP RaLnp Par ~IL Coupon PrInap...1 Cost (c,/ Market ear 5) Doadend5 yield towora knuy Prue Current Price MTIA ',mad (51 (I.oral) (local) 18-Nov-10 12/'0013 8.000 General Motors Co WA 150.00 4.7554 ($400.000) 5371.840 545494 19.21% 50.00 46.46 117.334 9-Doc-10 12/1/2013 63,000 General Motion Co WA $50.00 4.75% ($3,115.973) 12324240 $349341 19.21% 5037 46.48 391208 15-Fab-13 2/1/2016 4000 oafs Natural Resource, N/A 12500 7.00% ($150000 1122.820 $1.021 15.27% 25.1» 20.47 (126,159) 22-Feb-12 2/15/2040 80,000 Gmec Capital Trust I CCC• 125.00 1113% (11,882000) $2,191200 $164111 5.07% 23.54 2739 3474,511 15-Jan-13 1/13/2073 25.000 Menem Energy Capital 888 125.00 5.00% ($625.000) 1419.750 $5,122 304% 25.00 24.79 (5128) 3440.12 Perpetual 46.600 My Financial Inc CCC• $25.00 8.50% 01,002226) $1,247,482 $117.730 526% 21.51 26/7 $362.986 940.12 Perpetual 80.000 May Financial Inc CCC• 12500 8.50% (11.780000) $2/141.600 1199,278 5.86% 22.25 26.77 $560.878 17.tan-13 Pounced 27.000 Votrudo Amity Trutt 888. 125.00 5.40% ($675.000) $672.570 13.443 5.45% 25.00 24.91 $1,013 24-Oct-12 Perpetual 40.000 Royal 8k kolod Gm Plc 88 125.00 7.25% 0951.600) 31.004600 $24369 5.40% 23.79 25.17 179,769 7-Jan-13 Preemie 0.000 Royal Ilk ScotIncl Grp Plc 88 123.00 7.25% (1977.600) 11,006300 $9.868 S.40% 24.44 25.17 $39.068 14-lan-l3 Perpetual 40,000 loyal Ok Scotind Grp Pk 88 125.00 7.25% ($995.200) 11.004100 $8,45.8 5.40% 2448 25.17 120,058 2-Apel) Perpetual 35.000 Digital Realty Trust Inc cm. /25= 5.88% ($875.000) $874.300 $0 5.90% 2500 24.98 (1700) 16-Apr-13 Perpetual 12,000 Net Republic tankal WA 325.00 5.50% (1300,0001 1298.320 $0 25.00 24.136 au.%) Lilted Preferred, berhl 1513.800.399; 514,488,522 5930.6 51.410157 Mutual reach and Mono Market Trade Date Symbol lenity Company Currency Innml Cult CS) Market Vanes (S) Received If) Dividends Frtry Nay (1.0(...1) Current NAY IL oral/ ra TM Arp I 49.504 95 1ØrganlatinAme, uaSet USO 15.446 EFTA02674614 0 0 a 0 7 .:>: ° E E mc c rti C 0 0. 8 - Oo 2'S or 4[9 ASS -I yid gas DZ. I 0, on gg o I It e SA. j 1 O EFTA_R1_01956159 EFTA02674615 MLR 09l9S6LO-Ld-Vid3 G (.1•.1 oa I 11.,.st 1- (A i 'twist 01••••••••••141a • Commodity rata. Account Position and MINI Summary rp e, ir, et fur Maze Trust as of April 30. 2013 (Open Positions) 1476.89 8.9747 1.0072 GIPUSD EURUSD USDTRY ar mitten maw Ile W.. 1.5533 USDJPV 97.440 13167 USDBRI. 2.0013 1.792 USDNOK 5.7694 Currant EX USDRUCH USDARS USOCHF 12.1378 5.1875 0.9295 I(AUUSO 1251)ZAR USDCAD Itructured NOW r .d. Date Maturity lace Amount 7•Arn-12 26-1un-13 3.000,000 5-Ace-12 16-Apnl% 1.500.000 • ManWI Pr via OM • an Investment lank as of prior Ca Long Description Ubs Corn Buff ER AAA 0616/1380% Contln Barrier-18% Cpn 18% Cap Mentor UN 6.200% ON 04/16/2015 Dtd 04/160012 Cost Basis IS) Market Value (5) 4300000U) 12,369.900 01.500.000 $1.573.800 interest Received $0 $69,187 Entry Price IS) 510000 S1OPOO Current Price IS) Nab, 118.33 ,54 0.100) $104.92 $143.687 t US. Fixed Income iradettatc Maturity face Amount 10•May-11 01-Nov.2016 1.200.000 2-Oct•12 15.May-2018 500.00i) 2-Oct-12 01-lun•2019 1,009000 ICI-May-11 Perpetual 3,000,000 10Way.11 Perpetual 3.000,000 • tritrad Pr • Ma Bloomb ',sun Peabody Energy Corp lOarnaM Inc Kindred Waltham Inc Ipmorgan Chas. & Co Bank Of America Corp S&P Rating lie CCC. 0- 888 88• Nem Call Oat• WA 5/15/2015 6/10014 4/300018 5/15/2018 Coupon 7.375% 10250% 8.250% 7.900% 8.125% Principal Cost Market Value (11.361.500) $1,179340 (1445.000) 5462.500 (S996.250) $1,045,000 (13.333950) 13,492.600 33389610) $3.420,000 Total int Accrued 1174,5/12 529,611 $17.667 1463417 $480.729 Entry Price 1113.63 $89.00 $99.63 $111.27 $112.99 Current Price MTM $114.95 1190.382 $92.50 147.111 1104.50 $96,417 $11642 $622,067 $11400 5513119 O • • • • • and Asset Sacked Trade Crate Maturity Original fete 10 May 11 25'Mar-2037 1.000000 • Manual Price • via "Mor • n Investment Bank Issue SA Rating Chase 2007•Al 12,43 Newt Cell Date 12/25/2024 Coupon 5.190% Principal Cost • market Value Total Ptinvolnt ($) (5) 726,573.62) 5635.27/ $.41.734 Entry Price Current Ma MTM Doc/ill Hood) 78 50 11 I $51,412 Muts/al Funds end Mono Market Trade Date Symbol Unit Companyiny Currency initial cost (S) Marlmt Valli, (5) Dividends Re ten+ d (S) Emry NAv (Loral) Ciannt NAv (Leval) MTM Avg IINCV 199,55815 Avg WM( 317.095.54 liationg an floating Fleeter irtmorgan High Yield-Sal USD USD ;7911501.47) (2.624.429.14) $707•.574 $2.650,919 50 Div/Re •00898 8.2765 10.13 8.36 $8.023 126.490 IC 201)1n/organ EQ/1.0 El / SP Rape MI/ ST Darla...Dye Altametly• Other / Miscellaneous $0 11,013,115 SO $34,512 $0 $0 $0 $625,806 $0 ;524953) $0 10 10 SS $1,638921 SO $9,559 SO SO $0 2012 COY Open MTM craven< Opal MTM YID Change In Open MTM 2013 Gored PA. 11.450.644 11.047.627 ($803,037) $400.81) Tot* $1,001.627 $600,853 $1.641.460 2613 plot Partessema (3)6),164) Chem a co EFTA02674616 0-71-rm CI Cache, Sevesectieet • ›nuntrunifire. Current FX 6 ComenedIty rules Structured Not« Account Position and MTM Summary (Open Positions) Prepared for Southern Trust At of April 30. 2013 USDNIXN USDARS USOCHF 12.1378 5.1875 0.9295 XAUU5D USDUR USDC-AD 1476.09 8.9747 1.0072 GIFUSO EURUSO USCIMY 1.5533 1,3167 1.792 USDWY USDIRt USDNOK ~4.1•1111•11110 ••••• 97.440 1.0013 5.7690 Trado 041.7 PeGyluelty True Amount • Manual Pricin • via /Moe an Investment lank as of • nor oa tong Oescrephod Cost Bast (SI Market %/Mu. (5) tvett Received Entry Price (3) Current Price IS) MTM 13-Man13 27.Mar.14 1.000,000 7138C IMF Step Up - 65% Barnet - 5% Cm -28.5% Msztrn, Initial Strike 1.9619 5-Apr-13 21-Apn14 1.000.000 ItS8C BBL Step Up • 85% Same/ 5% CD., - 28.5% MVOs. Initial Strike 2.0035 (11,000,000) Structured Nadirs. MDM triternetlenel Fixed Inane • Imrad Prici v48 (STia0 000) 1967.900 1999500 (52.060.0001 51,966,400 Trade Odle Maturity Inc, Amount Issue S&P Rating Currency Coupon Principal Cost IS) Martivt Value IS) 28 f 00-13 01-14ou-2017 1,000,000 11-Mar-13 02-Nov-2017 tppp000 to‚ eta De tee/rate S 8+ USD 8.500% PeIrolecn De Venezuela Et) / LO 30 FI/SP (15 7.15F) Repo SO MF / ST 10 Derivative 50 Alternative 10 Other / Miscellaneous 30 fotak (157. rft) (15.421) (Java) 8+ USD 4500% ($985,000) 1471 ZSG.348) (f63.553) $0 10 SO $0 10 $0 10 30 $0 10 $967,500 1967.500 $0 30 Toml Ins Accrued (5) $14161 112.278 2012 COY Open NM Current Open MTM YTO Melee in Open MTM 2013 Cooed PT 1100.00 3100.00 396.79 599.85 Entry Price Current Price (tocall 100.00 96./5 98.10 SO (55).156) (557,156) ($5.927) 96.75 (C)2013 sym.w2-, chea a Co 1.9l9S6t0- W- VId3 .2453 eft POrieinhartl (teS,613) 337.100) :51.500) (535.600.00) MTM ($18,333) (35.2I2) EFTA02674617 e9l9S6L0-Ld-Vid3 G C I ionotowor csociennetso. Prepared for Southern Trust as of Apci I 30. 2 013 Account Position and MTM Summary (2013 Closed Positions) a.,. node vas' arearattroo MA. Triad, Date Symbol Sharon Company Currency industry Dividend yield rust Bads IS) PA lain Value (S) Cloung Date Intry Prior (Local) Cloying Price finial) 19-Mar.13 HIP 4000 Holly Energy Patent.' Lp USD Energy 4 85% (1163.200) 1160.101 19-Mar-13 4010 40.03 ($3,099) 20.Mm-13 MODN 900 Model N Inc USD Technology 0.00% ($13,950) 118 234 20-Mar-13 15.50 20.26 94.214 20.Mar.13 HE 4.000 Hawaiian Electrk Inds USO Whim 4.30% ($107,000) $107.398 20.440-13 26.75 26.85 9391 21-Mar.13 ENTA 400 (WU rharrnaaeuticais Inc USD mummer. Norwydli 0.00% (1SA00) 56.324 214Aar-13 19.00 1081 $724 22 Aar-13 OPE 3.000 Irma* Packaging Holding Ca USD IndirstilM 000% 021.000) 121.210 22-Mar-13 7.00 7.07 9210 26-MM-I3 GMAT 3.000 Calumet Specialty Products USD Energy 7.20% (1112.500) $111,178 26-Met-13 )7.50 37.06 ($1,322) Waal 2.000 Tut% Holding. Inc USD inairner, NOrKydh 0.00% (142.200) Warn 28.19e-13 21.10 20.95 ($301) 3Ap/.13 'ACC 3.500 AMPS Capital Cory USD 1.37% (161.635) $61,214 3-APP13 17.61 1709 (3121) equity Pt 54 t1 Equity Syndicate 54/1 Listed Prefenreds trade oat. Maturity Shares Company SEP Petting Par Amount Coupon Principal Cost (5) Maricirt Value (5) oiaidands Repined (5) C.loung Dale Entry Price (local) Closing Prier. Il wall P 1SilAar-13 Pe'netual 4),000 'Nell; Fargo 6 Company IBM $25.00 5.25% ($1,125.000) $1,121,925 184.4613 25 00 24.93 (53.175) 19-M411.13 Perpetual 40000 CHIgroup Inc BB 125.00 5.90% ($l,000,000) 199%7713 3-Apr-13 25-00 24.92 (13,222) Piefior•dvIPI (56.3981 ...tail rictior•ilsThyridosntaPA (56391): (C) 2013 in40•96^ Cane a Co EFTA02674618