DS9 Document EFTA01118509

BOW STEARNS August 25, 2006 Financial Trust Company, Inc. Rubin/Lutz/Hersch Group 6100 Red Hook Quarter, Suite B-3 St. Thomas, Virgin Islands 00802 Re: Financial Trust Company, Inc. Dear Investor, Bear Stearns & 383 Madison Avenue New York, NY 10179 (212) 272-2000 www.bearstearns.com Thank you for your participation in the Bear Steams High-Grade Structured Credit Strategies Enhanced Leverage Fund, L.P. We would like to inform you that we have received your Subscription and Interest Exchange Agreements. Due to the pricing and transfer of securities involved in the roll-over, an official confirmation notice will not be mailed to you for another three weeks. We can confirm that 100% of your current holdings will roll-over from the Bear Steams High-Grade Structured Credit Strategies to the High-Grade Structured Credit Strategies Enhanced Leverage Fund. We appreciate your understanding. Please do not hesitate to contact your Bear Steams Account representative or Alternative Fund Services at Bear Steams Asset Management should you have any questions. Sincerely, Scar Stearns Asset Management Alternative Fund Services 383 Madison Avenue 30" Floor New York, New York 10179 (212)272.1630 (phone) (917)849-3018 (fax) tOS400SAILANTA I BUM I BOSTON I CHICAGO I DALLASI DENYBR I DUBLIN I KW Li TA I Nom; KONG I LONDON LOS ANOELES I LUGANO 1 NEW YORK I SAN FRANCISCO I SAN NAN I SAO PAULO I SEOUL I SHANGHAI I SINGAPORE I TOKYO EFTA01118509 Ault) K-1 ,rm 1065) xparorient of the Treasury /dismal Revenue Service S@O6 For calendar year 2006. or tax year beginning _ Partner's Share of Income, Deductions, Credits, etc. Sr See back of form and separate Instructions. Part I Information About the Partnership A Partnership's employe. identification number 20-0215684 B PannerjeTsname. address. city. state. and 21P code Bear Stearns High-Grade Structured Credit Strategies. L.P. oto Bear Stearns Asset Management. mc. 383 Madison Avenue. 27th Floor New York. NY 10179 C IRS Center where partnership Med return D _I Oleo il this 's a Neel traded penerstip (PIP) E _I Tax Metter registration number. ii any _ F 1 Check if Form 0271 is atlachad Information About the Partner G Partner's identifying number 66-0567418 H Partner's name, address. oly. slats. and ZIP code Financial Trust Company. Inc. 6100 Red Hook Quarter Suite B-3 St. Thomas. Virgin Islands. 00802 J K -- • - - • General perinea or LIC I X Limeed panne. or other LLC member-manager member X: Domestic partner Foreign partner What type of entity is this panne/ Corporation Partner's share 0 pre& loss. and capital Beginning Profit VARIOUS % toss VARIOUS Caudal VARIOUS % fil Pertness stared ha baths s m yea, end Nonrecourse Oualtied navecourse financing Recourse N Partners cocas' account anon's: Beginning capital account Capital contributed during me year Cairene year increase (decrease) Withdrawals 6 distribuicas Ending capital account $ $ $ Ending NONE % NONE % NONE % XI Final K-1 Part HI 651106 Amended K-1 OMB No. 1645-0099 Partner's Share of Current Year Income, Deductions, Credits, and Other Items 1 Ordinary business income (loss) 15 Credits 2 Net rental real estate income (loss 3 01he. net rental income (loss) 16 FOteigll IIVISUCIPCMS Guaranteed payments A Various 2.591.082 5 Interest income a Ordinary dividends C 6b Ourildied Ow:tends 1,218,123 7 Roysites 8 Mel sheer-term capital gam (loss) - • • - ea Net long-term CaPrai gam (loss) 17 I Aiteenekve reruns. Iu falaTimins 9b Collectibles (28%) gain (loss) 9c Unmeasured seam 1250 gam — - 11 Net socion 1231 gain (loss) 18 Tax...soma, income end nondeductible expenses 11 Other income (toss) 1,149,578 12 - - •—•-•- • - Section 179 deduction 19 Distributions 20.155.344 13 . . Ober deductions 20 Other inforeeeleari 14 Sefkimployment earnings (loss) 'See attached statement for additional in ormation 19.141.963 1.013.361 SI $ 20.155.344 1 - Tax basis PI: GAAF' Seclon 704(b) book - Other (exptan) O For Privacy Act and Paperwork Reduction Act Notice. see Instructions for Form 1065. WTA Partner a 13 Schedule K•1 (Form 1065) 2006 EFTA01118510 Schedule K-1 (Form 1065) ospanment of lee Treasury For calendar year oc lax 'Aimee Revenue Sonnet year beginnng 8110006 ending 12/31,2006 Partner's Share of Income, Deductions, Credits, etc. In See back or form and separate instructions. Final K-1 Part III. 651106 O *Mended K-I OMB No *45.0399 Partner's Share of Current Year Income, Deductions, Credits and Other Items 1 Ontnery business income (loss) 15 Credits 2 Net rental real Isle worst 110 3 ren al en* Doss) AMA_ Information About the Partnership_ A Pertnerwres ernfloTer denhicalion mintier 20-5054414 B Partnership's nom. oddness. oty. Male. end ZIP cods Bear Stearns Nigh-Grade Structured Credt Strategies Enhanced leverage Fund. L.P cio Bear Stetsons Asset Management Inc 383 Madison Avenue New York, NY 10179 C IRS Center where partnership filed return Ogden • r : cram% pueecly traded Pannerela0 (PTP) E _J Tax shelter registration number. if any F ) Chock 4 Form /12714 attached 4 Guaranteed payments keeled income 64 Ordinary claw/ends 6b I Ouartheci dividends 16 Fonagn iransaUrons 8 5.123.611 _ (3.161.741) 7 POyaltet B Net Vien•lefri Cannel Pen (less) Part • Porewee wenitlywa number 66-0567418 H Partners name. address. city. state. and ZIP coda Financial Trust Company. Inc 6100 Red Hook Quarter Suite 8.3 St. Thomas. Wain Islands 00802 Information About the Partner 9a Net ong4erm cereal gas gets) 9b Costal:4es (28%) Wen 0050 17 Artomewo away/ems IMAT)eass 9c Unrecaptured moon 1210 gin I . General peon.. c Lie membellnarager r X 2 Domestic panne: 10 Net section 1231 gain goss) 11 Other income (loss) STMT 18 Tex-exempt income end nOndeduChble expends ffI landed twiner or other LIC member Li Fornrpaiinn K What type dente), is this partner? Corporalon L Penned neve of (noun loss. end cadial &tinning Entfing Profit NONE %I VARIOUS % Loss NONE % [ VARIOUS % Gamic! NONE %; 12.186048 % M Danner's share of habildes al year end. Nonrecourse Ouisaled ricnrecosse financing Recant, S. - S S 12 Sector In &Meson fr Other deducsons 19 Distributions 20 I Other olorfrolion 14 gellwmplownent *amps (loss) 'See attached statement for adcational information. N Partnites capital account artabwS Beginnny caceal account . COplr coninbule0 donne the Seel Current year increase (decrease) withdrawals b chive...bons Ending wear account . 5 0 5 _ S. 1 277 934 Sc 1 5 21,433.279 El in barn 7 GAAP Section 104(b) boot Other (explain) CE U. EFTA01118511