DS9 Document EFTA01121588

C I 0 Global I n• vs,. meal Oitsuanuali Global Investment Opportunities Group Account Position and MTM Summary (Open Positions) Prepared for Southern Financial LLC as of Mey 31, 2013 J.P. Morgan Securities LLC. Current EX & Commodity rates USOMXN USDARS USOOIF 123995 52846 0.9547 XAUUSO USDKRW USDCAD 138809 1129.64 1.0368 GBPUSD EURUSD USDTRY 1.5195 12994 1.874 USCUPY USOORL USONOX 100380 2.1322 SA716 • Untied via Bloornbe Trade Date Symbol Shares Company Currency Industry Dividend Yield Cost Basis (S) Market Value IS/ Entry Price Current Price (Local) (Local) MTh, 24 /an-13 ARIA 9,000 Ariad Pharmaceuticals Inc msurner, Non-cyclic 0.00% ($176,400) $165,060 19.60 1834 ($11,340) 14-Feb-12 ARIA 7,535 Ariad Pharmaceuticals Inc USD snsurner, Non.cycht 0.00% ($114,600) $138,192 15.21 1834 $23,592 14-Feb-12 8118 2,095 Bingen Idec Inc 050 msurner. Non.cycl 0.00% (5260.455) $497,542 119.55 237.49 $247,086 12-Jul-10 DAG 50,000 Penshs Db Agri Double Long 050 Funds 0.00% ($352.550) $494,000 7.05 9.88 $141,450 17-May-12 FB 17,500 Facebook Inc-A USD Communications 0.00% ($665.000) $426,090 38.00 24.35 ($238.910) 23-Apr-13 GE 23,000 General Electric Co USD industrial 3.26% (5496.190) $536,360 21.53 23.32 $41,170 28-May-13 SGMO 50,000 Sangamo Biosciences Inc USD Non.cycht 0.00% 15420,214) $400,000 SAO 8.00 ($20,214) tructured Notes • Manual Prici via WM* an Investment Bank as of da Trade Date Maturity Face Amount Long Description Cost Baia (S) Market Value (5) Interest Received Entry Price (5) Current Price (5) MThI 8-Nov-12 22-Nov-13 1,000,000 Gs Note 11/22/13 Lnkd To Min Vs Usd 85%Barrier. 5% Attu Cpn-22.9%Mxrtrn (51,000,000) $1,078,960 $0 $100.00 $107.90 $78,960 9-Jan-13 24-lan-14 1,000.000 Hste Ren Inked To Cnh Vs Usd SYJev- 500%lislaxrUn 01/09/13 Initial Straces6.1995 (51,000,000) $1,022,600 $0 $100.00 $10226 $22,600 14-Feb-13 20-Aug-14 1,000,000 MS Market Plus MAX 08'20/1480% EKO Barrier 3.5% CM, Uncapped Initial Level - 21 (51,000,000) $1,101,850 $0 $100.00 $110.19 $101,850 5-Apr-12 16-Apr-15 1,500,000 Meritor CLN 6200% CPN 04/164015 Dtd 04116/2012 (51.504000) $1,612,500 569,888 $100.00 $107.50 $182.388 24-May-13 29-Aug-14 2.000,000 HS8C CBEN 829/14 80%efo barrier-4%cpn-17%Cap Initial Level:276429 (52.630.003) $2,000,000 SO 5100.00 $100.00 $0 S Flaw Income • tetrad via Bloom 22-Oct-12 01-Apr-2019 1,000,000 Headwaters Inc 8. 4/1/2015 7.625% 22.Oct-12 15-May-2019 400,000 Earthlink Inc CCC. 5/15/2015 8875% 23-Oct,12 15-May-2019 600,000 Earthlink Inc CCC. 511512015 8875% 1.Oct-12 01-Jun-2019 1,000,000 Kindred Healthcare Inc 6/1/2014 8250% ft-Nov-12 01-Jun-2019 1,000,000 Kindred Healthcare Inc 8 6/1/2014 8250% 20-Jan-13 IS-Feb-2020 1,500000 Servicemaster Company 8 2/15.0015 8.000% 25-Feb-13 15-Feb-2020 1,000,000 Servicemaster Company 8 2/15/2015 8000% 3-Apr-13 10-Apr-2023 300,000 Barclays Bank Plc 888. 4110/2018 7.750% 15-Jun-11 Perpetual 2.500000 1pinorgan Ouse & Co BBB 4130/2018 7.900% 15-Jun-11 Perpetual 2.500,000 1pinorgan Ouse & Co BBB 4130/2018 7.900% 10.1an.11 Perpetual 2.000,000 Bank 01 America Corp 0B. 5/1512018 8125% 30.1an.12 Perpetual 3,000,0120 Southern Cal Edison 888- 2/1/2022 6250% 27-lun.12 Perpetual 1000000 General Eke Cap Corp 611512022 7.125% 29-May-13 Perpetual 1.400,003 General Eke CapCorp AA 6/1512023 5250% ($1,035,000) ($414,000) ($619,500) ($996,250) ($970,000) (51,595,625) (51,070,000) ($300,000) (52,702.425) (52,702.425) (52,081.180) (52,999.970) ($2.122,920) ($1.400.000) $1,084,800 $46,385 4.74% 5103.50 $1011.48 $408,000 $21,596 827% 5103.50 $102.00 $612,000 $32,246 827% 5103.25 $102.00 $1,067,500 $55,000 6.31% $99.63 $10875 $1,067,500 $46,521 6.31% $97.00 $10875 $1,545,000 $42,333 723% 5106.38 $103.00 $1,030,000 $21,333 723% 5107.00 $103.00 $305,625 $3,746 728% 5100.00 $101.88 $2,925,150 5387,319 4.04% 5108.10 $117.01 $2,925,150 5387,319 4.04% 5108.10 $117.01 $2,290,560 5388,646 4.79% 5104.06 $114.53 $3,378,540 5250,030 447% 5100.00 $112.62 $2,347,500 5132,208 4.74% 5106.15 $11738 $1,400,154 5408 522% 5100.00 $100.01 $94185 $15,596 $24,746 $126,250 $144,021 (58.292) ($18,667) $9,371 $610,044 $610,044 $598,026 $628,570 $356,788 $562 U.S. Fixed Income MTM B21,009.2951 522.387:U9 51.815.062 53.193.246 EFTA01121588 CIO Global linntimal lannertnaitin Current FX 8 Commodity rates narrational Fixed Income Global Investment Opportunities Group Account Position and MTM Summary (Open Positions) Prepared for Southern Financial LLC as of May 31, 2013 USDMXN USDARS USDOIF • tntra via Bloom 12.7995 XAUUSO 1388.09 GBPUSD 1.5195 52846 USDKRW 1129.64 EURUSD 1.2994 0.9547 USDCAD 1.0368 USDTRY 1.874 l.P. Morgan Securities LLC. LUMPY USOBRL USDNOX Total Int. Entry Price Current Price Trade Date Maturity Face Amount Issue S&P Rating Currency Coupon Principal Cost (SI Market Value (S) 1904 to Worst Accrued (S) (Local) (Local) 9-Oct-12 02-Nov-2017 500,000 Petroleo% Cie Venezuela 5 8s 11.Oct-12 02-Nov-2017 1,000,000 Petroleos Cie Venezuela 5 8. 10-May-12 16.Dec-2021 1,500000 Lloyds Tsb Bank Plc BBB- 26-Jan.12 15-Dec-2035 7,500800 Republic Of Argentina WA 13-Oct-10 15.Dec-2035 10,000,000 Republic Of Argentina WA 21-May-13 Perpetual 3,000,000 Lbg Capital No.1 Plc 88- USD 8.500% 15440.250) 1472,500 $27,389 10.07% 88.05 USD 8.500% ($897.500) $945,000 $54,306 10.07% 89.75 USD 9.875% ($1,627,500) 11.843,650 $156,766 2.94% 108.50 USD 0.000% ($1,038.750) $426,075 1426,000 13.85 ARS 0.000% ($318.000) $14,492 $326.246 1236 USD 8.000% ($3247503) 11166,500 $6,667 6,99% 108.25 94.50 94.50 122.91 5.68 0.14 105.55 100.380 2.1322 587115 MTh, $59,639 $101,806 $372,916 ($186,675) $22,738 (174.333) Mort and Asset Backed • Manual Pricin- via JPM Investment Bank Trade Date Maturity Original Face Issue S&P Rating Nest Call Coate Coupon Principal Cost (SI Market Value (5) Total Pr...KrInt (SI Entry Price Current Price (Local) (Local) Nam 24-Jan.13 25-Aug-2029 9,551,000 6.Feb-13 20.Dec-2032 5,701000 23-Aug-12 25-Aug-2033 3,325000 28-Nov.12 25-Feb-2037 8,180,000 16.4.pr-13 25-Mar-2033 4.500,000 30-Apr-13 25-Apr-2033 2.726,000 /4mbt 2004-1 IMI CCC 6125/2013 1.093% (5562.273) $763,799 $27,007 Senn 11 81 CCC 6/20/2013 1.613% (5781.919) 1745,632 $23,503 Cwhl 2003.2681 925/2013 5.338% (51.231.222) $983,139 $225,460 Chase 2007-Al 2A4 CCC 825/2024 nu% ($2.047.809) $1,961,177 $273,970 Cwhl 2003-1 111 6125/2013 5.750% ($1,448,803) 11.325,453 $127,347 Sax 2003-10 B2 CCC 10/25/2013 6.000% ($1.076.783) $984,870 155,890 56.25 73.75 77.00 88.50 9550 100.00 78.25 71.59 68.84 95.88 94.70 96.00 $228,533 ($12.784) ($22,623) $192,338 $3,996 (536.022) Listed Preferreds 18-Nov.10 12/1/2013 8,000 General Motors Co WA 150.00 4.75% ($4000001 $390,480 145,494 9.64% 9-Dec.10 12/1/2013 63,000 General Motors Co WA $50.00 4.75% (13,185,973) 13,075,030 $349541 9.64% 15.Feb-13 2/1/2016 6800 Cliffs Natural Resources WA 125.00 7.00% (1150.0001 1115,140 12,392 18.54% 22-Feb-12 2/15/2040 80,000 Gmac Capital Trust I CCC. Pl. $25.00 8.13% ($1,082.810) $2,129,600 $166,563 5.62% 15-Jan.13 1/15/2073 25,000 Nextera Energy Capital 888 $25.00 S.00% (1625,000) $603,750 15,122 521% 3-Feb-12 Perpetual 46,600 Ally Financial Inc CCC. Pl. $25.00 8.50% ($1,002.226) 11.251,676 $117,730 5.89% 9.Feb-12 Perpetual 80,000 All/ Financial Inc CCC. Pl. $25.00 8.50% ($1,780.010) 12,148,800 1199,278 5.89% 17-Jan.13 Perpetual 26,100 Vomado Realty Trust BBB. $25.00 5.40% (1652.500) $639,450 $12,332 5.56% 24-Oct-12 Perpetual 40,000 Royal Bk ScotInd Grp Plc 88 $25.00 7.25% (1951.600) 11,000,800 $42,292 736% 7-Jan-13 Perpetual 40,000 Royal Bk ScatInd Grp Plc 88 $25.00 7.25% 11977.600) 11,000,800 $27,590 736% 14-Jan.13 Perpetual 40,000 Royal Bk ScatInd Grp Plc 88 $25.00 7.25% (1995.200) 11,000,800 $26,181 736% 50.00 50.57 25.00 2354 25.00 21.51 2225 25.00 23.79 24.44 2488 48.81 48.81 19.19 26.62 24.15 26.86 26.86 24.50 25.02 [repeated 3 times] $35,974 1238,598 ($32468) 1413,363 ($16.128) $367,180 1568,078 ($718) $91,492 $50,790 $31,781 Mutual funds and Mona Market Trade Date Symbol Units Company Currency Avg JLTSX 49504.95 Jamaican Latin America-Sel USD Initial Cost (5) Market Value ($) Dividends Received ($) 11,000,000.00) $969,307 SO Entry Nay Current NAv (Local) (Local) 20.2000 19.58 MTM (530.693) EFTA01121589 GI 0 Global I oval sat Cloverlimb lot Global Investment Opportunities Group Account Position and MTM Summary (Open Positions) Prepared for Southern Financial LLC as of May 31, 2013 J.P. FAOrten Seeuritin LLC. Current FX & Commodity rates USDMNVN USDARS USDCHF 12.7995 5.2846 0 9641 XAUUSO USDKRW USDCAD 1388.09 1129.64 1.0368 OPUS() EURUSD USOTRY 1.5195 USCUPY 12994 USOBRI. 1.874 USONOK 100.380 2.1322 SAM Forward Contracts • Rates sourced intraday from Bloomber Current Spot Current Albin trade Date Value Date Sought Notional Sold Notional Fix Date Contract Spot Contract Forward I MTM Rate Forward 6-May-13 8-Aug.13 CHF 6.138.000 EUR 5,000,000 3-Aug-13 1.2284 1.2276 1.24154 124118 (571.093) 23.May-13 8-Aug.13 EUR 4904,319 CHF 6,138,000 3-Aug-13 1.25185 1.25155 1.24154 124118 (553.228) 14-Mar13 18.1un.13 USD 5,000,000 RAW 5,581,750,000 14.lun-13 111135 1116.35 1,132.20860 570,034 1131.69000 96.82150 23.May-13 28-Aug-13 WY 740,325,000 CAD 7,500,000 2.I-Aug.13 99.08 9871 9639058 5158,146 Forward Contracts MTM 5103.819 FX Options • MTM Modelled via Bloomberg Trade Date Expiration Directi on Currency I Type Currency 2 Notional Strike Currency 2 Type Barrier Type Original Current Pre Premium IS) Mira 8-Aug-12 08.Oct-13 8-Aug-12 08-Oct-13 Bought Sold JPY IPT Put Call 10,000,000 10,000,000 80.90 76.90 CAD CAD Call Put KI • 69.65 (5347.809) 5347,809 S1,582,220 SO S1,234,411 5347,809 FX Options MTM SO 51.182.220 51.182.220 Commodity Options • MTM Modelled via Bloomberg Trade Date Expiration Direction Commodity Type Notional (oz) Strike Currency Notional Type Original Current Premium Premium IS) ISI Mira 19.4pr-13 11-lut-13 19.4pr-13 It -Jul-13 Bought Sold C003 C003 Call Put 100,000 100,000 111 87.5 11,100,000 8,750,000 Put Call 11-Jul.13 11-Jul.13 (586.000) 586.000 $21,688 (533.10 (164,311.74) 552,831.40 Commodity Options MiM SO 1511.480) 1511,41111M Total Return Swaps Trade Date Effective Date Maturity Date tndnyYy Shuns Rate Spread (bps) Notional Accrued Interest Paid Entry Price (Local) Dividends tuned Current Price (Local) a 18.Mar.13 18-Mar-I3 20-klar 14 %WM 9.S9,f11 ImL 0.70% $1,999,999.37 (54.02 2504 92 2 439 • Total Return Swaps MTM 51.999.999 (54,009) so MTM Snapshot LO 1182.834 5209.041 5391,875 PI/ SP 55,976,511 51,840,648 57,817,159 2012 COY Open MTM 51685,137 Repo $0 SO S0 Curnmt Open MTM 57,718,743 MP/ ST (530.693) SO ($30.693) Derivative 51,590,091 (52.181.089) (5590.998) Y113 Mange in Open MTM 52,033,606 Alternative SO $0 SO 2013 Closed CIL (5131.400) Other I Miscellaneous SO SO $0 Open MINI 2013 Closed PA. Open MTM • 2013 Closed P.1. Performance Snapshot 0732013 JP Morgan Ouse a CO. EFTA01121590 CIO Global Investment Opportunities Group Account Position and MTM Summary (2013 Closed Positions) Prepared for ~Rom Financial Lit as of may 31. 2013 LP. Median Se:Realm l/C. Elio Trif• Om* Symbol Company Conum9 induatzy Dtvtamd vim Id Coat 8.l% IS) Mate, veil,. 11) Closing 0.0t* ir" " " 'R.* Clo.Ong Pore (tosal) 16lan.13 aMT 4400 Calumet Specially nesen UR) Energy 7.96% 1$139,964) $137,452 31.81 3124 ($2.112) &lanai SUM 4400 Solar Capital MS tiSD Finirdal 1043% 1$102,3“) $101688 844,13 2420 2402 1115721 8don.I3 TO.P 3.20) Tesoro LooMa Lp 4.150 Iner97 3.11% 11133.4401 1131909 9.M4.13 41.70 42.16 11469 5-let.13 "SAC 6.00) tin Coniprosion %melt LP 4.150 reketnal 627% 11101007/ 1106260 I 5.14n.I 3 16.00 17,71 017401 6~13 AIRY 2.440 Mnllpm Phirmacein41$ Inc 4.150 income Hon.o514 0.05% (148.312) 150.000 1674m13 20,13 2085 5,22E GUN 6,403 ~mum Inc UsD mir, llomayar Ole% 11613401 14412S 16440.13 190 1002 $785 direl3 AYE° 3.460 Ate Pluirmaoubudi >nudism, lionscili G00% 11110001 517,893 17440.13 7.50 146 111011 ~13 MIR I.4ø Refining Uso Energy »12% 1145.000) 145.871 1124m 3 25.00 2548 5871 &Wen MO 1000 NYytto Inc 4.150 link Mate,» 000% 11114.000 1111.356 10•Mn.l 3 19.0, 1856 02.6431 &Wen NCO 1.400 ~ay, en Come tine Holda 4.150 Conswro.CyclIc$ 0.00% 11314001 139.328 10•Mn.l 3 19241 24.50 5692E Mn 1203 Nahum lie Irony Lp Energy 20.72% 11127.192) $124.149 18•Mnd 3 2446 2426 01.0431 14.3•04 3 ARM. 1003 4,44 Phitriiiiimicali UR) inturner,Hon.ciclic 0,00% 11134371» $174.408 2,1•Mn.i 3 15.21 1938 532530 4.144$.13 8P4 4.000 Budeye Penney to 1.150 Energy 6.35% (1210.160) 1.201523 24•Mn.l 3 52,54 5213 .6371 25-let.13 BFAM 500 Brigid Igneous lonely »NA 1.150 mire. Hon.cydit 0.00% 11112001 113.756 25.Mn.13 Z2,00 27.52 52.758 25-let.13 MCP 2.540 molyttep Inc 1.150 InK1444,441445 0.00% 11110001 111400 25.Mn.13 100 4.94 52.400 1100 PNdemtnawl Ga Co UR) NiHry 3.67% 11208.0CM 1207,410 30•Mn.13 32.05 3191 05101 31.1arel3 UR% 1500 itniu Imbaretmotnicals UR) inturner,Hon.cixlii 0.00% 1$12,7381 514,190 31•Mn.13 tel 9.46 51.415 31~13 YMI 3.540 V44442r0 N 40.014 ~net USD Energy 174% 11914751 591903 3IMn.13 2711 27.71 154921 31~13 275 25.0» Zonisme Uso mire. IMAGO( 0.11% ~0001 1786482 14.013 MOO 3146 1134.402 $ Feb-13 cIISR 1.93) ~petite Lo09019 Troll 4.150 liendeol 426% 11311251 131.559 14l613 20.75 2104 5434 I.Feb-13 HMIA 3.500 Paulo. Markin,* Partners Lp USD Ineketdal 12.10% 1149.521) ~MI 1400.13 14.15 1396 04441 5.Feb-13 EPO 4000 Enbirmls• NORMA Partners Energy 4.51% 1$218.24:0 $211072 510%13 54.56 $452 1$1681 5.Feb-13 KC 1.003 east Cascade Co 4.150 2020101 0.00% 11210001 125249 14».I3 21.00 2527 54269 %Feb-13 KC 3.93) gote Made Co 4.150 80~14.1 0.00% 1149.5101 $69.263 74.13 19.16 19.79 112471 143.013 APR 29.0» Prone Residential Ren PC 4.150 linrced 1628% 11191340/ $193.141 I44».13 104 146 115.2191 152,0.13 0.I »CO Oil% itaitual Reieerteri USD Bal Materials 3.33% 087.0,01 589,1•03 15-Feb.13 WOO 29.72 12248 152,0.13 115H ROCS %RH. Holding. Hr Cormordiaifions 1.89% 0340,400) $260.654 15-Feb.13 32.55 3258 $254 154.013 PRO 1.040 Nonce Naltes11100.454. Co USD Energy 0.04% I5128000) 1130,328 154».13 128.00 13033 52,320 21.Feb.I3 SOBS 20.0» 740,4$ KO" Moldings Ltd Censor" atilc$ 0.00% 151.230.0M $11.201240 214».13 51.50 4006 (S28.8111 21.Feb.13 IMP 3.00) Keifer Morgan Energy Pita USD Energy 623% (1259.050) 5259,377 214».13 •535 1646 1327 27.3•04 3 AGN/ SACO anpiw Capita agent, Cory I inw4N1 19.38% 154744540 1471139 2714%13 31.43 3159 06111 27.3•0-13 WV/ 1.250 Medical Properties butt USD I inmeNI 5.31% 017,8131 $11887 27441413 14,21 1431 175 20-Feb-I3 DO »CO Oreorp imernobored Ingi Uø mmixe.Hon.G4914 0.00% (1142205) 1141337 I.M4o13 40.63 40.96 51152 14114t.I3 2.750 Y/Iliorre Rutter, Lo 4.150 Energy 6.79% 11135.135) 1134.362 5.M.4.13 49.14 48» 117/31 6414•43 MI 4.00) ArnilloCciwueniø Re44 USD 9.10% 1~001 141236 0M0r.13 17.03 1706 530 64444.13 MHO 500 Ml Hornet Inc USD Lenin, CiAlical G00% 1111.7501 $12.210 6.Mai.13 23.50 2442 $460 6.44.4.13 0 2.003 Realty Income Corp USD f 4.78% 11918001 $91,078 64.1ai.13 M.90 4551 ($7221 74144-13 ØR 1.540 Dewey Comuynoems-C USD Ccawnlcollons 0.00% 1197.1251 1100.434 7•Mor.13 54.71 46.96 52313 7.11144-13 IOW 1.540 Aucbon Seduces Inc Uso mmixe.Hon24914 3.24% 11282751 129234 7.Mor.13 19,25 1949 $359 7.11144-13 500 *Lint um«, Inc Uso flnerpal 3.42% 11121251 112.755 13-Mor.13 25,25 25.51 $130 84104.13 PCYC 2500 Phannacycl44 Inc antuns,Hon.Gxlii c00% 1$23100:0 1231.330 &Mar.13 9405 94.13 $330 12•Mar, 13 llfP 2.003 tni,glon Really Trull finaroN 4.77% 1123400) $23,339 12-Mar.13 11.70 11,67 0611 13•Mar, 13 IMO 1.250 Anniel Inc USD mmre. FORGO( 0.00% 1/50.0001 149.949 13-Mar 13 40.00 39.96 1151I 13.644.13 HnVit 600 11010We imeniatimal me Uso mmre. IMAGO( 0.00% 1/512701 152.055 13-Mar 13 »41 84.76 5M5 »Melt 13 lan 1.040 Yipshop Holdings LW • Ads Uso Criiwnitnions 0.00% 1524.0001 124.609 I4-Mae.13 24» 2481 $409 15.14ar.I3 MLA LOCO Guff Ent Corraunio6ons 0.00% 11292501 $31,009 15-Mar.13 »75 3131 51219 3.40413 MCC 1500 Amu GORR Corp /loan/mil 8.87% 11616311 161,34. Jipr.13 17.61 1753 1$2911 9.44.13 OR 4003 COugns Proven*. He 4.150 Imerroal 1.74% ($41.5001 142.359 9~13 10.41 1059 $559 10~ 13 TMIC 1.9:0 Teolor Ihoinfon Moe Corp-A 4.150 Consumer. CfRO 0.00% 1133.000) 13(754 0-Apr-I3 22,00 23.17 51,754 11.00, 43 RLGY 1010 Reeioge HohlIngs Corti 4.150 Ilnegal 0.00% 11396.00,3 1401.119 .Apf 13 44.00 4457 55,119 11.444.13 Nfl 1500 Weary Pharmaceuaals K mturneellonilleln< 0.00% 15300,003) $308,768 ~13 40.00 41.17 58,768 12~13 EVTC 4000 EfirleeN4 UR) mturneellonilleln< 0.00% 1580030) $85.4» ..404.13 20.00 2136 $1.430 12.484-13 all 1.1:0 Ceeserslone 541:4.Y4m Ltd 1.150 0.00% 1134275) 135,639 flpf 13 23.25 23.76 $764 18.484-13 AR 21.000 .4240 Pipeline Partners 141 USD Energy 6.34% 15714000) 5721644 &Apr- 13 34.00 3446 $9.644 18.484-13 2.040 MINIM 54 tI50 Cormwnlcolions 0.00% 11/45001 133,919 &Apr- 13 16» 16.96 1120311 116~13 ROM 1,00) Roam Retc...44•14 USO Energy 0.00% (542.500) $42.459 I3-41/4.13 42.50 42,41 0411 116~13 TAM Tannro Coto USO Bask Materials 0.00% (515,030) $14403 I3-484.13 1505 1406 09301 11.00, 11 TO 11.500/ Telekam Sofro Adr tI50 Cormwnlcolions 0.00% 530.000 0202001 841o11 1201 1380 59.380 091 Telekam Sofro Adr tI50 Cormwnlcolions 0.00% 5030 05383 841o13 12,52 1380 0501 11~-13 SEAS 2.040 Secrualc1 Enttnelnment Inc 1/50 Osumi-0..4<RO 0.00% 1554.0:01 $461,419 9~13 21.00 30.71 $7.419 25.4o13 PO 15.00G ~coif Inc 1/50 Iwo» 2.78% 15524000) 5624,1» 25~13 41.50 4161 $136 26~43 RE9 4000 AJtaeuro ReiMere6 al Corp USO Finindal 0.00% 1121030) $78.236 -13 1175 1956 13.238 26~43 WIC 600 Smeiraneta Corp USO Hon4icik 0.00% 15101001 $11.220 -13 18.05 18.70 14120 1.Mer13 SOGI 4.00) 404, IM020(401GIOVP 41 tI50 Communlcolions 2.21% (1109.000) 1101878 2~13 27.21 2722 ism 2.May.13 GOYA 2.000 lug Us /nt USO Finiefal 0.00% (139.000) $344» 2444y.13 19.50 1922 05511 3444,13 OPIA ZOO) Ola) P10.50:00010:3 Ad. 1150 (*ir(nic/bons 0.00% 1134.0001 $34.139 3~13 17.00 1707 $139 3.May.13 arv 0100 Central Eurepean Media Ent./ 4105 Cormiunicaiions 0.00% 11302501 530,469 3444y.13 175 2.77 $219 6.May.13 4003 Hens Global Hokin» AU 4105 >mumai.11on.05dic 0.00% 1199.0001 591316 7.May.13 24.75 2458 116921 8.Meiel3 3.010 Vend VC • OA USD 'mum«. liOn.CWIt 0.00% 0712501 171216 ~13 1.75 23.74 11321 8.May.13 NIS 1003 Vilebita finyeMl Corp 4105 Financial 2.17% 0416001 59519 32.05 22.76 15311 24.Ca-I2 Cf 210:0 Limn foodsC6 USD >muffin. ilondif lc 0.00% 15470.4501 $449,489 1812 18,78 1195I I 9.May.13 014 1000 Cyan K Correnunic aliens G00% 011.0001 310,010 94144y.13 11.00 1031 119501 EFTA01121591 G I O %ia oe ao 440440 ~04 Global Investment Opportunities Group Account Position and MTM Summary (2013 Closed Positions) Prepaed lor Southcon Dnamial LI.0 as ol May 31, 2013 .1.P. Motem SecurItIm 9844513 EMES 3500 6~04 Emu% %nb% I UW 40444•011on.(45110 0.00% (559,500) 559,009 564543 HOI 1,000 Haiti. Care bit Inc UW Finmc451 4.50% (173.500) 573558 95µ4P13 615 900> lit Phemaautkak Inc UW msurnu,Non.(400 0.00% (576,400) 575578 PMay.13 O 1,0% Cvloble5640450308431 %Dl 050 "mer. NOn.004 0.0:014 IS.40.0101 141719 PMay.13 651 200 4044044 1$06:01504104 050 1104/4441 0.00% <MOOI 51442 10µq13 APO 40,500 lwa% GNOM Man394000•A UW /0~1 953% 151.005.006 $997,100 10µq13 11110( 1,500 Tania W UW amuns,Non.44.60 0.00% (524)251 524009 13.µq13 ARE 2,000 Almandria %al E aam Epa UW f inmal 3,50% 111,19006 $149,917 13.68513 NON 20.000 11060114131031 H. USO Camomke0443 119% 0700.206 5495552 13.68513 5411 2.500 34.08bon Propone %rtm% Lp USO E04(01( 7.41% 0120.406 $110.397 13.1954.13 %SS 2.50> Vionan 64044040Lp UW Emmy 3.67% 15152556 $152.397 154845.13 ADN 900> Apolloinvoomm Cap UW Wandal 9,61% 0344001 533539 154845.13 C011 6.000 <w Rtlining Lp UW Mm% 2032% 151%506 $182.9% 16.188513 PIKE *000 PRe Elettik0:0 USO 1111505 0.0014 ($345.006 $351.733 16.188513 DDR 4.000 DO Corp USO 108-401 3.10% ($75.6001 579797 16µq13 Mul 750 Miaro Lyon Sam° A UW Centami. 05844/ 0,00% 1518)501 519,7(12 168845.13 0.18 500 0.513Cerp UW 905.45181 0.50% 0298751 129424 1964.513 TOP 2.000 Te 14010016 UW Enemy 7.16% 1187.7001 139.248 22µM11 LIAN 9000 Cor Pannen% USO 4/50•146603 1007% ($100406 150839 228µq11 103P 500 640146043400315Inc USO ~mm Nonm014 010% 07.2451 57.520 22•May•13 IRYD 2,500 104400414411061SulhaSSPIC USO worevar,Hongilit 0,00% 1532.500) 533,574 23•May•13 EILMN 2.000 3000803.4•104 Inc USO COMUEM, ['dal 0.00% 0435001 543,019 238A/003 101117 2,500 6.40.04014404446 70•04 USO worku, Hon.Sdr 0,00% 15634501 569775 29µy»13 CSM 9000 (04401140140 C44.44 USO 64kµ051.49 0.00% 100.0001 581758 29µy"13 16 5060 140008 4044 01110 USO Ullbtes 3.59% 0222.506 $219.795 23.1445•13 OAK 9000 CUSUPS Goud Gro. M USO finwal 1021% 1553.5001 552559 251.445•13 ?GEM 2.000 PlyCeen Holdingi Inc USO ~Mal 0.00% 0425001 149919 23.8604•13 WAR 2,000 4644.040.3400 pomno inc UW COMUEIS, GORS 0.00% 0325001 531,919 3084043 PW 6.060 04440•011P14655 Pennel USO 104198 7.20% 0100.720 $179.457 30850.13 •fla 4.000 Vangwo011010018008445 USO EneoN 0.74% ($170.100) $169,257 9.694403 17.00 9.694403 73,50 9.694403 19.00 ~13 C» ~13 16.00 04149440.13 25.05 04149440.13 16.15 341458•13 73.50 38415•13 35.01 38415•13 4816 38855.13 61.16 58166.13 860 58166.13 3035 44188513 11,50 44188513 18,90 64166.13 25.00 ~Dn 6.71 1.11Aár Ił 43.81 7.2484403 als 7.2484403 14.53 228455.13 13.00 23818513 21.50 238%5.13 25.50 23850413 15.00 23al.y.I3 44.50 238145.13 53.50 238145.13 21.00 23.1845.13 16.00 308 844-13 A.12 10-4.134-13 2135 1686 7356 1857 6372 1021 2453 1654 74% 34 78 4736 60% 846 3050 11 72 19% 2638 4685 4462 2471 1504 1343 051 2631 13% 4396 52% 12% 15% 2991 2921 154911 $58 (51213 51719 542 (52000) 5584 52517 154,54)1 (12.4031 155531 155511 (11.5041 56.733 52.197 51.032 $549 59548 097421 5255 51,074 $19 52505 ($6242) ($2.7051 155411 53,919 Stol ($1.2431 nev3) taralaY P'S Ewib svod•tat• AE 120.9.04 5100.6)2 u.S. end Mam* Trad. ortu Mala« dy ‚akt ATOOM !u 11411155 Mmd Cal I 080 Coop-on or 040' Manit Valt. tul Int Gosinq Pat, tatry Pme PJ<• 284011 IS-leb-2016 1.504000 %Maral 01.6842017 2.500,000 i~.3 Pppowal 35004500 13.1.1(0.13 20.414.45•2023 KOOR 22•Fetr12 1555, 2018 1500400 7.m44•13 Peepelval 1.500.000 Na Inc Paskan418148141% Imnorgan am/ Co 888 %%bon %obal FIronce BMI No; Enemy 11% bom lancorporatbn 40 044 1404 54142023 /144 0444 46502023 6%0% 7875% 5.150% 4.37514 7.625% SINO% 01.530.006 ($2419625) 153,010.0053 15790.420 151.001.506 ip.soacroe 51.650,000 $2579000 $3.015500 $7975405 59150,150 51.513.125 5122.417 5289844 5289844 5209.044 597.219 53.383 28140513 9643.13 17454013 17414013 lembru 923/2013 $10200 $10463 $100% 59023 $100.15 $10000 511045 5103.00 510050 599 70 5115% 5100.153 5242.417 $2.209219 5304.101 5299020 5249719 5%508 liMornatosal FIKS Incoem Trud* Dato INOLatowdly Se400 AmOunt ham* 5.6P Ratmq Cumoray Coupon Punnual Colt PS) ME 'Walu« (SI Art:::::: (1- 5, Chylmy Usta biby Prus CloUng Pikt (taal) 2350013 05054•2022 15884.13 22~52023 22•May•13 10.802028 2000.000 X0400 11,650,005 Amonu MbnI Sa De CV 151S4 Red Cann404 04054 A. BBL :MN USD MX11 0450% 3.950% 9%0% 151.0%417) (119654) 0944634 51.041.014 $197,500 $919743 515.703 $1,668 50 1~13 16µg13 29~03 105.75 53.50 10040 1%325 9875 10050 552.343 $2,174 $4.551 nternahonall Ci red Imama Pt i9C47 Men and Ma« ~M Trad* Dole Matunty Ongeluk, ruf Prawe 150,0 Raimy Wat Call Oahr Coupon Prany>. ent CSI IA.M1ell Val (S3 Arns'au :St) CRI" n g "" lara c try Pal r (lesmg Prut LI9X+5 06łł% 1515%11) 51565,162 MA 0250% 155834011 $558,710 00252013 0053% 151.165.0503 51.259144 • P- 5-40.12 25.1002032 1,750,000 1481~12 258144•2035 10.004000 444120094 83 10021056 166 • CCC CCC 183.650 $(5344 50140013 54252013 80.50 70.00 7900 8500 79 13 413,89$ 159829 51%619 Llabo115•1408403 Trad. Dale Maturfty Hum Company Dividend. kuby Prium SAP R/505 Poe Amoun1 Coupon Print ‚pal co,' (S) .141,,o35 5410. Recen.« , (5) 0 08.44 154% cun...„ Omlag 1510 0641 p, 5.145.13 1/15207 144/4413 1450207 224/013 14294105 294/013 P•fp•tUa IMMD13 P•fp•tUa 29415513 P444450 78615-13 Perpet% 68615-13 Perpelve 7%1513 P444450 2345513 P444450 %Mmli P« Mia ~Ił l•wpna 2845013 Perpeen 1641%13 1566544 153200 10.950 32.500 47,212 29030 197113 5570 7.060 11530 20500 155% 39000 35.000 19000 Duta Erwin‚ Corp Dute Dm5/4 Corp 600441 (le< 0415 Corp »morgan 0444 8 Co intenta0 Poos t 4616 00090 Chuj. 8 CO MMXC P.C.dtabel Rel Geel 60µ/2R94501 MMCIV R•sidential Roli X. Tral li Pbk Storage MM %namul lic 019114111446600480x Fint %%2µk 8404/51 ERB. BRD M. 888 [repeated 3 times] 11491 NR (CA B88. 888. 1444 3104 888 525.00 UI» 52100 525.00 12500 12500 52500 $3100 $25.00 12550 52550 525.00 $2500 12550 913% 5.13% 4,88% 545% 910% 545% 7.14% 0.34% 7.88% 5.10% 5,20% 7.50% 5.88% 5,50% (5380.0001 $383192 ($270000) $279202 (418500) RUIMS (51,189306 51.1734664 (1625000) $624.486 (5319.700) $318.237 ($214.250) 53(1553 (475.000) 1173.4% 0289756 $284436.2 (1500.000) $498,571 (5375.000) $37914.2 tssoohoo 180150.2 (1475.000) 14715% (5)00.000) $299973 50 [repeated 13 times] 90 11.1.0.13 220404.13 290404.13 15-Mm.13 15-Maz.13 22.64..13 u•µ0013 24114413 25-Maz.13 3.844013 ~IJ 1781%13 7%650 144511 25.00 25.0) Z5.0) 25.0) [repeated 3 times] Z5.0) Z5.0) 25.0) [repeated 3 times] 25.014 Z5.0) 25.0) 2521 25% 24% 1486 14% 1489 2492 24 78 2452 2453 2591 2506 24% 53,192 592132 15%01 (596361 (15141 01463) 156971 (51.5441 15048/ 01529) 5142 11,902 (514201 67271 EFTA01121592 GI 0 Global Investment Opportunities Group Account Position and MTM Summary (2013 Closed Positions) Prepared for Southern Financial LLC as of May 31. 2013 .P.P. Mapan Smoltlos ILC. 04Mry•13 vicirzess 20.000 1740..0 Poopetual 900 Gemol Ile( Cop Coco %Mirada Realty rttIll Mr BBB. 52500 $25.00 4.79K £4OK ($500.0017) 1122.500) ssocon sual SO SO loanorIS 556% 2501 2499 S09 15101 Lsat.“111 EFTA01121593 f Inward Centratti Account Position and MTM Summary (2013 Closed Positions) Propared for Southern Financial LAC M of May 31. 2013 'fro& 0.41%. D•te flouq/.1 Seld Notional Ha Mao °mead Spot Cantmat fon% H d (losing Oat* Cloung Rate n- 1122180.020 CAD 10.014000 16 8.2 Un- 59 17 18.DtP-12 22.744-13 MX11 12.900.000 NO 1,011825 2244n-13 12.7324 12.7492 17./44.13 1256 513.14S 17.15%03 22.8,2%13 MXP1 12.900.000 USO 1.022,438 22440.13 12.5829 12.6169 23/48.13 1288 048571 2.40,.12 C-Fab.13 CHF 6.025.500 EM •W*4-13 1.207 1.2051 30.818.13 1 23760 l$178044) 2.Not.12 (-$60.13 CHF 6.025.50) EUR 5.000.000 4489-13 1.207 1.2051 1460.13 1 23910 11187.307) 4•1an.13 44e0.13 19Y 898088000 CAD 10.000.000 4488-13 139.17 5904 748003 93.5012 11478.045) 7.feb-13 12.4.10,13 IW 913.649.010 CAD 10.000.000 134/ 4P13 9149 93.149 5444P13 91 0278 5258590 64dar.13 9..044.13 in 909.9:0.000 CAD 10104000 4-Aa.13 91,538 9093 24-M4r.13 92 61220 11178.777) 28.M. •13 1.A1ay.13 in 925.220.000 CAD 10104000 231418.13 92.63 92.522 23.Apr.13 9485000 (5435.719) I.Pat-13 6.61ay.13 CHF 8198500 EMI 5,000800 1.1418.13 12391 12361 23.ApP13 12240 151.778 23.Apr.13 2841403 in 967.600.000 CAD 10.000.000 24-14003 94.74 9474 I34‘48-13 9902000 1$225.00)) F add C 4 ts Gammod 0 lracle Date lExpiratien DoediPm Commodity ,0.% Notional tail 1,1,10 Cuerveky notional Tn. Goon', 041* Oropirul CloHno Premium Premium IC/ ISI 10.0.602 OW1.13 100..102 003.70003 ' Sold 5ou00, CO11! CON! M GII 10).000 10).000 79 1185 7.900.000 11.598000 Calf P.n 004tp13 03410.13 3127.000 10 11111.1C01 10 5327.00080 15327.000001 co Cement/41 0 P1 al Marto* Trade Date Date Mato...fp Daly thsdrolyme %Hares Rata Synod (bpi) flotiena1 Moved Interval Paid Entry mai oink, Data Dievicie" 4„,..: Cloning "I" (total 31.15%03 300.13 31.15%03 3300.13 Int% 5009.14 50(.0.14 APPla APPI•Int MY. MY. 1.9916 1.00% 0,01112330 52,017.02330 (4.1621 (4.1621 5455 31 5455 31 128(0.13 16.May.13 $18.8)5 $18.8)5 469.584) 431.1583 • 577.570 (592.459) 1$01.4,40 10 20131PMOr9M ovet 6 co. EFTA01121594 G I 0 00000 40 tonicin Global Investment Opportunities Group Account Position and MTM Summary (2012 Closed Positions) Prepared for Southern Financial LLC as of May 31. 2013 J.P. Morgan Securities LLC. Equity Trade Date Symbol Shares Company Currency Industry Dividend Yield Cost Basis (5) Market Value (S) Closing Date Entry Price (Local) Closing Price (Local) P/L 15-Nov-12 AKS 135,030 Ak Steel Holding Corp USD Basic Materials 0.00% (S540,000) 489.645 15-Nov-12 4.00 3.63 (550.355) 15.Mar-12 ALSN 5,403 Allison Transmission Holding USD Consumer, Cyclical 2.02% (1124.200) 122.580 15-Mar-12 23.00 22.70 (51.620) 15-Feb-12 PINY 4,050 Alnylam Pharmaceuticals Inc USD )nsumer. Non-cyclic 0.00% (543.538) $44.352 IS-Feb.12 10.75 10.95 $814 26.0ct-12 ACC 7,003 Smerican Campus Communitie USD financial 3.53% (1306.250) 308,069 26.0ct-12 43.75 44.07 $2.219 11-1W-12 ACC 5,003 Smerican Campus Communitie USD financial 3.53% (5221,250) 221.095 11-Jul-12 44.25 4422 ($155) AGNC 9,003 American Capital Agency Corp USD financial 19.38% (1306.900) 307.7 ID 34.10 34.19 S810 7-Mar-12 AGNC 15,303 American Capital Agency Corp USD financial 19.38% (5449.055) 449.499 8.Mar./2 29.35 29.38 $444 11-Dec-12 MG 20,250 American International Group USD financial 0.00% (1658.125) 697,795 11-Dec-12 32.50 34.46 $39,670 11-Sep-12 MG 21,003 American International Group USD financial 0.00% (1682.500) 691.089 11-Sep.12 32.50 32.91 58.589 3.Aug.12 MG 6,303 American International Group USD financial 0.00% (1192. I50) 99.609 6-Aug-12 30.50 31.68 $7,459 7.May-12 AIG 5,003 American International Group USD Financial 0.00% (1152.500) 52.645 7-May-12 30.50 30.53 S145 15-Mar-12 APU 2,503 Amerigas Partnen-Lp USD Consumer, Cyclical 7.20% (1103.125) 01,378 16-Mar-12 41.25 40.55 ($1,748) 28.Mar-12 8NNV 500 Annie'S Inc USD msumer, Non-cyclic 0.00% ($9.500) 15,656 28-Mar-12 19.00 31.31 $6.156 3-Oct-12 ARI 4,503 Apollo Commercial Real Estat USD financial 9.60% ($76,410) 75,699 3.0ct./2 16.98 16.82 (Sill) 17-Me-12 AMTG 2.250 Apollo Residential Mortgage USD financial 14.69% ($41,063) $40,365 17-Apr-12 18.25 17.94 ($698) 20.Sep-12 ARE)( 10,003 Approach Resources Inc USD Energy 0.00% (1305.000) $292A40 20-Sep-12 30.50 29.24 ($12.560) 17-Aug-12 ARCC 3.000 Ares Capital Corp USD financial 8.87% ($50,430) 150,400 17-Aug-12 16.81 16.80 (S30) 25-Me-12 ACRE 3.150 Ares Commercial Real Estate USD financial 6.17% ($58,275) 556,543 26-Apr-12 18.50 17.95 ($1.733) 8-Nov-I2 ANA 3,503 Armstrong World Industries USD Industrial 0.00% (1178.500) $178,910 8.Nov-12 51.00 51.12 $410 9-Nov-I2 ARRY 11,003 Array Biophanna Inc USD msumer. Non-cyclic 0.00% ($03.150) $38.522 9-Nov-12 3.65 3.50 ($1,628) 0.0ec-12 Apt 3,503 Atlas Pipeline Partners Lp USD Energy 6.34% (1108.500) $107,937 5.Dec-12 31.00 30.84 ($564) 20-Nov-12 MP 3,003 Atlas Resource Partners Lp USD Energy 8.97% ($69,030) $68.007 21-Nov./2 23.01 22.67 ($1,023) 29.Nov.12 AVG 1.250 Avalonbay Communities Inc USD Financial 3.23% (1162.500) $166,153 29-Nov-12 130.00 13192 S3,653 2-Feb.12 AVG 1.803 Avg Technologies USD Technobgy 0.00% ($28,800) 523,958 2-Feb.12 16.00 13.31 ($4,842) 1-Feb.12 OB 1.350 Bancolornbia SA.-Spons Mr USD financial 2.84% ($81,000) 1.91,707 1.Feb.12 60.00 60.52 $707 7.Aug.12 BLMN 1.803 Bloornin' Brands Inc USD Consumer, Cyclical 0.00% ($19.800) $21375 8-Aug-12 11.00 11.88 $1,575 4.0c412 BWP 2.500 Boardwalk Pipeline Partners USD Energy 7.20% ($67,475) $66,975 4-Oct-12 26.99 26.79 ($500) 2-Aug-12 BWP 2.500 Boardwalk Pipeline Partners USD Energy 7.20% ($69,500) $68.018 2-Aug-12 27.80 27.21 ($1.483) 20-Jan -12 BWP 1.250 Boardwalk Pipeline Partners USD Energy 7.20% ($34,438) 533,899 20-lan./2 27.55 27.12 ($539) 15-Nov-12 8RP 1.403 Brookfield Residential Prope USD Consumer, Cyclical 0.00% ($20,286) 520,286 15-Nov-12 1449 14.49 SO 22-Mar-12 CSTE 6.750 Caesarstone Saki-Yarn Ltd USD Industrial 0.00% ($74,250) 570378 22-Mar-12 11.00 11.02 $128 8,May-12 CLMT 2.000 Calumet Specially Products USD Energy 7.96% ($51,000) $48498 8-May-I2 25.50 24.25 ($2,502) 3.May-12 CG 5,003 Carlyle Group/The USD Financial 2.19% (1110,000) $109,905 3-May-I2 22.00 21.98 (5951 28 Sap-12 CWST 8.003 Casella Waste Systems Inc-A USD Industrial 0.00% ($32,000) 533,904 28-Sep.12 4.00 4.24 $1,904 8-Feb-12 CPAC 27,003 Cementos Pacrarnara Saa Ack USD Industrial 1.35% (1310.500) $295,731 8-Feb.12 11.50 10.95 (514.769) 0-Apr-12 CLVS 2,475 Clovis Oncology Inc USD msumer. Non-cyclic 0.00% ($49,500) $49,978 4-Apr-12 20.00 20.19 $478 24-Feb-12 CIE 3,603 Cobalt International Energy USD Energy 0.00% (1100,800) $107,600 20-Feb.12 28.00 29.89 56,803 19-Oct-12 CPNO 20,003 Copano Energy Lk-Units USD Energy 5.72% (1642.600) $635,560 19-Oct-12 32.13 31.78 (57.040) 13-lan-12 CPNO 2.000 Copano Energy Lk-Units USD Energy 5.72% ($68,060) $67,668 13.lan-12 34.03 33.83 ($392) 11-Oct-12 OFC 2.000 Corporate Office Properties USD Financial 4.14% ($49,500) 551,190 11.0ct-12 24.75 25.60 $1,690 2-Mar-12 OPM 1.000 Dee Midstream Partners La USD Energy 5.86% ($47,420) 546,899 2.Mar./2 47.42 46.90 ($521) 5-Sep.12 DC 9.000 Dct Industrial Trust Inc USD financial 3.79% ($55,800) 556,700 5-Sep 12 6.20 6.30 S900 27-lun-12 DLR 1.250 Digital Really Trust Inc USD Financial 5.12% ($90,313) 590,850 27-lun-12 72.25 72.68 S538 6-Jun-I2 DG 4.950 Dollar General Corp USD Consumer, Cyclical 0.00% (5231,413) $235,303 6-lun./2 46.75 07.54 53,891 28-Mar-12 DG 4,503 Dollar General Corp USD Consumer, Cyclical 0.00% (S203.625) $203,823 28-Mar-12 45.25 05.29 S198 30.Mar-12 DNKN 7.200 Dunkin Brands Group Inc USD Consumer, Cyclical 1.92% (5212,400) $211,788 30.Mar-12 29.50 29.42 ($612) 9-May-12 DVAX 18.003 Oynavax Technologies Corp USD )nsumer. Non-cyclic 0.00% ($76,500) 571,910 9-May-12 4.25 4.00 ($4,590) 11-Sep-12 EMI 2.000 El Paso Pipeline Partners Lp USD Energy 6.03% ($68,680) $68478 11 -Sep-12 30.34 34.24 ($202) 2-Aug-12 ELOQ 2.000 Ekqua Inc USD Technobgy 0.00% ($23,000) $25,976 2-Aug-12 11.50 12.99 $2,976 28-lun-12 ETP 1.503 Energy Transfer Partners Lp USD Energy 7.35% ($66,855) 564,995 28-lun-12 44.57 03.33 ($1.860) 25.Sep-12 EPD 3.000 Enterprise Products Partners USD Energy 4.51% (5159,210) $161,097 25-Sep-12 53.07 53.70 S1,887 27-lun-12 EOM 2.000 Eqt Midstream Partners Lp USD Energy 3.04% ($42,000) $45,780 27-lun-12 21.00 22.89 S3,784 28-Nov-12 EQR 2.000 Equity Residential USD financial 2.83% (1109,500) $111,258 29-Nov-12 54.75 55.63 S1,758 10-Feb-12 EVEP 1.803 Ev Energy Partners Lp USD Energy 8.10% (1122.310) 5122.783 10-Feb.12 67.95 68.21 $473 12-Sep-12 ET 2.000 Exacttarget Inc USD Communications 0.00% ($45,000) $46,446 12-Sep-12 22.50 23.22 S1,446 22-Mar-12 ET 750 Exacttarget Inc USD Communications 0.00% ($14.250) $17,276 22-Mar-12 19.00 23.04 S3,026 29-Feb-12 EXLP 2.250 Exterran Partners Lp USD Energy 7.47% ($54,113) 553,168 29-Feb.12 24.05 23.63 ($945) 17-May-I2 FB 17,503 Facebook Inc-A USD Communications 0.00% (1665.000) $349,405 3-Aug-12 38.00 19.97 (1315,595) 11-Sep-12 FSC 7.000 Fifth Street Finance Corp USD financial 10.95% ($75,530) $74,753 11 -Sep-12 10.79 10.68 ($777) 29-Feb-12 FRC 3,375 First Republic Bank/Ca USD Financial 1.29% 11101.250) $101,675 29-Feb-I2 30.00 30.13 $425 12-Atx-12 FET 1.013 Forum Energy Technologies In USD Energy 0.00% ($20,260) $22,220 12-Apr-12 20.00 21.94 $1,960 EFTA01121595 GI 0 Global investment °noon unities Global Investment Opportunities Group Account Position and MTM Summary (2012 Closed Positions) Prepared for Southern Financial LLC as of May 31, 20 13 1.P. Morgan Securities LLC 18-Apr-12 FRAN 1300 Francescas Holdings Corp USD forgone., Cyclical 0.00% (541400) 542,185 18-Apr-12 27.60 28.12 5785 27-Jan-12 FRAN 3,150 Francescas Holdings Corp USD forgone., Cyclical 0.00% (572450) $72,765 27-Jan-12 23.00 23.10 $315 30-Mar-12 CLOG 5,400 Gaslog Ltd USD Industrial 3.29% (575.600) 568,872 30-Mar-12 14.00 12.75 (56,728) 14.Sep-12 GWR 2,000 Genesee& Wyoming Inc-CI A USD Industrial 0.00% (5129.500) $132,182 14-Sep-12 6435 66.09 52,682 21-Jun-12 GNMK 9000 Genmark Diagnostics Inc USD msumer, Nan-cyclic 0.00% (537.800) 537,899 21.Jun-12 420 4.21 599 8-Nov-12 GNC 6.000 Gnc Holdings Inc-CI A USD forgone., Cyclical 1.33% (5211.200) $211,284 6-Nov-12 3520 35.21 584 14-Mar-12 GNC 5400 Gnc Holdings Inc-CI A USD forgone., Cyclical 1.33% (5180.900) $180,517 14-Mar-12 33.50 33.43 (5383) 13-Dec-12 GPK 1,000 Graphic Packaging Holding Co USD Industrial 0.00% (56,100) 56.100 13-Dec-12 610 6.10 50 2-Feb-12 GWAY 1,800 Sreenway Medical Technologic USD Tads's:4.09y 0.00% (518.000) 521,672 2-Feb-12 10.00 12.00 53,672 26-Sep-12 BSMX 4.000 Grupo Fin SantanderAdr B USD Financial 0.00% (549.740) 550,440 26-Sep-12 12.19 12.61 51,700 19-Apr-12 GWRE 1.500 Guidewire Software Inc USD Tedmokmr 0.00% (542.375) 544,075 19-Apr-12 2825 29.38 51,700 25-Jan-12 GWRE 1,125 Guidewire Software Inc USD Tedmokmr 0.00% (514.625) 516,744 25-Jan-12 13.00 16.66 54,119 19-Sep-12 HCN 5,000 Health Care Reit Inc USD Financial 430% ($295000) 5286,350 19-Sep-12 56.00 57.27 56,350 7-Aug-12 HCN 2.750 Health Care Reit Inc USD Financial 430% (5161.563) $162,269 7-Aug-12 5635 59.01 5707 22-Feb-12 HCN 4.950 Health Care Reit Inc USD Financial 430% ($264,825) 5244,701 22-Feb-12 5330 53.48 (5124) 25-Sep-12 HR 4,000 Healthcare Realty Trust Inc USD Financial 431% (591400) 592,852 25-Sep-12 22.85 23.21 $1,452 11-Dec-12 1412 6,000 Hertz Global Holdings Inc USD Ncn-cyclic 0.00% (594.800) 593,706 11-Dec-12 1520 15.62 ($1,092) 5-Apr-12 HOV 2050 Hovnanian Enterer mesa USD forgone., Cyclical 0.00% (540.500) 539,994 5-Apr-12 2.00 1.98 (5506) 2-Aug-12 IDIX 15,750 Idenix Pharmaceuticals Inc USD ',Isomer, Nan-cyclic 0.00% (5126.000) $125,465 2-Aug-12 800 7.97 (5536) 13-Dec-12 INFI 1.000 Infinity Pharmaceuticals Inc USD snsumer, Non-cyclic 0.00% (526.330) 527,932 13-Dec-12 2633 27.93 51,602 9-Aug-12 INFI 2.250 Infinity Pharmaceuticals Mc USD snsurner, Non-cyclic 0.00% (532.625) 533,525 9.Aug-12 14.50 14.90 5900 10-Feb-12 IRWD 1200 Ironwood Pharmaceuticals Inc USD ',Isomer, Nan-cyclic 0.00% (528.671) 529,767 10-feb-12 1509 15.67 51,096 6-Dec-12 KAR 1.500 Kar Auction Services Inc USD msumer, Na-cyclic 3.24% (526.250) 526,580 6-Dee-12 17.50 17.72 $330 B-Aug-12 KRC 2.000 Kilroy Realty Caen USD Financial 2.65% (592.200) 592,740 8-Aug-12 46.10 46.37 5540 B-Aug-12 KMR 2,700 Slider Morgan Management U USD Energy 0.00% (5198.450) $197,702 8-Aug-12 73.50 73.22 (5708) 11-0d-12 KYTH 1.200 Kythera Biopharmaceuticals I USD mourner, Na-cyclic 0.00% (519.200) 523,383 11.Oct-12 16.00 19.49 $4,183 12-Oct-12 LPI 2,475 Laredo Petroleum Holdings In USD Energy 0.00% (550.119) 552,421 12-Oct-12 2025 21.18 52,302 18-Oct-12 LXFIX 20,000 Lexicon Pharmaceuticals Inc USD mourner, Na-cyclic 0.00% (545.000) 544,000 16.-Oct-12 225 2.20 ($1,000) 12-Oct-12 LNCO 1.200 Lin Co LIc USD Energy 7.99% (543.900) 545,299 12-Oct-12 36.50 37.75 $1,499 12-Jan-12 LINE 4.000 Linn Energy Llc-Units USD Energy 8.81% (5143,800) $143,228 13-Jan-12 3595 35.81 (5572) 1-May-12 LPLA 3,600 Lpl Financial Holdings Inc USD Financial 1.46% (5124.200) $124,700 2-May-12 3450 34.64 5500 1-Mar-12 LUFK 1,025 Lufkin Industries Inc USD Energy 0.57% (581.231) 582104 1-Mar-12 7925 00.10 $872 6-Sep-12 MHO 4.000 MA Homes Inc USD forgone., Cyclical 0.00% (570.520) 573,116 6-Sep-12 17.63 18.28 52,596 10-Aug-12 MANU 2.925 Manchester United Plc-CI A USD forgone., Cyclical 0.00% (540.950) 540283 10-Aug-12 14.00 13.98 (567) 23-Feb-12 MKTX 2.250 Marketaxess Holdings Inc USD Financial 1.20% (568.625) $71,687 23-Feb-12 3030 31.86 53,062 1-Feb-12 MPW 22,500 Medical Properties Trust Inc USD Financial 5.39% (5219.375) $220,275 2-Feb-12 9.75 9.79 5900 29-Mar-12 MACK 3,000 Merrimack Pharmaceuticals In USD msumer, Nan-cyclic 0.00% (521.000) 518.600 29-Mar-12 700 6.20 ($2,400) 23-Mar-12 KORS 9,000 Michael Kon Holdings Ltd USD forgone., Cyclical 0.00% (5423.000) $422,991 23-Mar-12 47.00 47.00 (59) 25-Oct-12 MPLX 2300 Mplx Lp USD Energy 2.94% (555.000) $64286 26-Oct-12 22.00 26.00 59,988 7-Mar-12 NSM 2,000 Nationstar Mortgage Holdings USD Financial 0.00% (528.000) 527,040 8-Mar-12 14.00 13.52 (5960) 3-May-12 NMM 3,000 Navios Maritime Partners Lp USD Industrial 1220% (547.040) 546.590 3-May-12 15.68 15.53 (5450) 25-Oct-12 NAV 2,000 Navistar International Corp USD forgone., Cyclical 0.00% (537.500) 536,900 25-Oct-12 16,75 18.45 (5600) 20-Mar-12 NLSN 7,650 Nielsen Holdings Nv USD Communications 1.89% (5231.413) $233,876 21-Mar-12 3025 30.57 $2,463 26-Jul-12 Nil 5,500 Northern Tier Energy Lp USD Energy 20.72% (577.030) 578,177 26-Jul-12 14.00 14.21 $1,177 2-Feb-12 NG 11,250 Nov/gold Resources Inc USD Basic Materials 0.00% (5106.875) 5105,188 2-Feb-12 9.50 9.35 ($1,688) 5-Sep-12 NS 4,000 Nustar Energy Lp USD Energy 9.40% (5195.760) 5194,832 5-Sep-12 48.94 48.71 (5928) 11-Apr-12 OAK 1,000 Oaktree Capital Group lk USD Financial 1081% (543.000) $42.329 12-Apr-12 43.00 42.33 (5671) 28-Feb-12 OKS 1.350 Oneok Partners Lp USD Energy 5.52% (580.015) 579,549 28-Feb-12 5927 58.93 (5466) 3-May-12 ROYf 45,003 Pacific Coast Oil Trust USD Financial 1000% (590000) 5898,290 3-May-12 20.00 19.96 ($1,710) 25-Sep-12 PNNT 3,000 Pennantpark Investment Corp USD Financial 1005% (532.460) 532,190 25-Sep-12 10.82 10.73 (5270) 5-Mar-12 POM 4950 Pepco Holdings Inc USD Utilities 5.20% (595.288) 596,030 6-Mar-12 1925 19.40 5743 B-Aug-12 PSMI 1,003 Peregrine Semiconductor Corp USD Technology 0.00% (514.000) 514,534 8.Aug-12 14.00 14.53 5534 15-May-12 PETD LOCO Pdc Energy Inc USD Energy 0.00% (526.500) 526,450 16-May-12 2630 26.45 (550) 6-Mar-12 PAA 1,000 Plains All Amer Pipeline Lp USD Energy 409% (580.030) 579,091 6-Mar-12 8003 79.09 (5939) 9-Nov-12 PVR 5,000 Pa Partners Lp USD Energy 8.54% (5115.550) $113,415 9-Nov-12 23.11 22.68 (52.135) 7-Dec-12 QRE 2300 Qr Energy Lp USD Energy 1135% (540.600) 539,650 7-Dec-12 1624 15.86 (5950) 11-Apr-12 QRE 2,700 Qr Energy Lp USD Energy 1135% (551.786) 551,624 12-Apr-12 19.18 19.12 (5162) 8-Mar-12 an 1250 Quality Distribution Inc USD Industrial 0.00% (516.250) 516,650 8-Mar-12 13.00 13.32 5400 28-Sep-12 QLYS 1,000 Qualys Inc USD Technokgy 0.00% (512.000) 511,950 26-Sep-12 1200 11.95 (550) 17-May-12 RPT 2,560 Ramco-Gershenson Properties USD Financial 431% (530,250) 529,750 17-May-12 12.10 11.90 (5500) 15-Feb-12 RIF 3,150 Raymond lames Financial Inc USD Financial 1.27% (5107.100) $109,529 15-Feb-12 34.00 34.77 52,429 11.Od-02 RLGY 7.200 Realegy Holdings Cap USD Financial 0.00% (5194.400) 5238,183 11.Oct-12 27.00 33.08 543,783 14-Mar-12 RF 25,003 Regions Financial Corp USD Financial 1.31% (5147.500) 5149,800 14-Mar-12 5.90 5.99 52,303 5-Apr-12 RPAI 7,650 Retail Properties Of Arne - A USD Financial 434% (561,200) 566,190 5-Apr-12 8.00 8.65 54,980 3-Oct-12 RILL 2,000 Rigel Pharmaceuticals Inc USD mwmer. Non-cyclic 0.00% (519.030) 516236 3.0a-12 9.50 9.47 (564) EFTA01121596 CIO °loom invest twat opportunities Global Investment Opportunities Group Account Position and MTM Summary (2012 Closed Positions) Prepared for Southern Financial LLC as of May 31. 2013 J.P. Morgan Securities LLC 8-Feb-12 RNDY 22,500 Roundy'S Inc USD Comumer, Cyclical 6.32% (5191.250) $196,896 8.Feb-12 8.50 8.75 $5,648 8-Mar-12 SSAC 1300 Sba Ccrnmunicaticas Corp-CI A USD Communications 0.00% ($71.250) $71,957 8-Mar-12 4730 47.97 $707 14-Dec-12 58Y 1300 Silver Bay Realty Trust Corp USD financial 0.22% ($27.750) $28,065 14-Dec-12 1630 1671 $315 9-Mar-12 SPG 2,250 Simon Property Group Inc USD financial 2.76% (5308250) $308,023 9-Mar-12 137.00 13690 (5227) 11.Dec-12 SE 4,000 Spectra Energy Corp USD Energy 3.99% (5107.000) $108,756 12-Dec-12 26.75 27.19 $1,756 19-Jul-12 SPLK 2,000 Spkank Inc USD Communications 0.00% ($56.500) $57,542 20-Jul-12 2825 28.77 $1,042 18-Apr-12 SPLK 500 Spkank Inc USD Communications 0.00% ($8,500) $15,650 19-Apr-12 17.00 31.30 $7,150 6-Aug-12 SPH 2,000 Suburban Propane Partners Lp USD Energy 7.41% ($75.220) $73,854 9.Aug-12 37.61 3613 ($1,366) 15-Nov-12 NGLS 4000 Targa Resources Partners Lp USD Energy 6.00% (5144000) $141,116 16-Nov-12 36.00 35.28 ($2,884) 16-Jan-12 NGLS 1,250 Targa Resources Partners Lp USD Energy 6.00% ($47.875) $48,011 18.1an-12 3830 38.41 $136 5-Sep-12 TGP 2,000 Teekay Lng Partners Lp USD Industrial 6.30% ($76.860) $75,798 5-Sep-12 3843 37.90 ($1,062) 20-Sep-12 TRLA 800 Trulia Inc USD Communications 0.00% ($13.600) $18,981 2OSep-12 17.00 2173 $5,381 9-Nov-12 TUMI 1,500 Tumi Holdings Inc USD snsumer, Non-cyclic 0.00% ($31.650) $31,596 9-Nov-12 21.10 21.05 (554) 19-Apr-12 TUMI 700 Tumi Holdings Inc USD snsumer, Non-cyclic 0.00% ($12.600) $17,991 19-Apr-12 1800 25.70 $5,391 13-Jul-12 TWO 11,250 Two Harbors Investment Corp USD Financial 11.60% (5117.450) $119,025 13-Jul-12 1044 10.58 $1,575 22-Feb-12 TWO 9000 Two Harbors Investment Corp USD Financial 11.60% ($89.100) $89,460 22-Feb-12 9.90 9.94 $360 11-Jan-12 TWO 13,725 Two Harbors Investment Corp USD Financial 11.60% (5125.858) $125,721 11-Jan-12 9.17 9.16 ($137) 10-May-12 ULTA 2,700 VIta Salon Cosmetics & Fray USD Consumer, Cyclical 0.00% (5226.800) $231,725 10-May-12 84.00 85.82 $4925 14-Nov-12 MWE 3,000 Markwest Energy Partners Lp USD Energy 5.04% (5139.500) $142,131 14-Nov-12 4630 47.38 $2,631 14-Aug-12 MWE 1,100 Markwest Energy Partners Lp USD Energy 5.04% ($55.792) 555,629 14-Aug-12 5032 50.57 ($163) 12-Sep-12 VNR 2,500 Vanguard Natural Resources USD Energy 8.74% ($68.775) 568,498 12-Sep-12 27.51 27.40 ($278) 7-Dec-12 VNTV 5000 Vantiv Inc - CI A USD snsumer, Non-cyclic 0.00% (5100500) 5104360 7-Dec-12 2040 20.87 $3,860 3-Aug-12 VNTV 2,500 Vantiv Inc - CI A USD snsumer, Non-cyclic 0.00% ($54750) 556033 3-Aug-12 21.90 22.01 $283 22-Mar-12 VNTV 4500 Vantiv Inc CI A USD snsumer, Non-cyclic 0.00% ($76.500) 585,127 22-Mar-12 17.00 1892 $8.627 1-Mar-12 %NUS 7,200 Virus Mc USD snsumer, Non-cyclic 0.00% (5162.003) 5164.707 1-Mar-12 2250 22.88 $2,707 7-Sep-12 VCRA 2,750 Vccera Communications Inc USD Technology 0.00% ($79163) 580,939 7-Sep-12 2875 29.43 $1,876 28-Mar-12 VCRA 750 Vccera Communications Inc USD Technology 0.00% ($12.030) 517,382 26-Mar-12 16.00 23.18 $5,382 11-May-12 W1ANAN 3,000 Web.Com Group Inc USD Communications 0.00% ($45.750) 545,204 11-May-12 15.25 15.07 ($546) 28-Sep-12 WMC 3300 Western Asset Mortgage Omit USD Financial 20.71% ($77.700) 578,012 2&-Sep-12 2220 22.29 $312 10-May-12 WMC 2.250 Western Asset Mortgage Capit USD Financial 20.71% ($45.000) 541.765 10 -May-12 20.00 1856 ($3,236) 5-Dec-12 WHF 5,175 1Athitelscne Finance Inc USD Financial 9.22% ($77.625) 571,736 5-Dec-12 15.00 13.86 ($5,889) 26-Oct-12 WWAV 2,500 Whitewave Foods Co CI A USD snsumer, Non-cyclic 0.00% ($42,500) 543,170 26-Oct-12 17.00 17.27 $670 23-Mar-12 WHZ 2.250 Whiting Usa Trust Ii USD Energy 19.38% ($45,000) 549,516 23-Mar-12 20.00 22.01 $4,518 13-Dec-12 WMB 1000 Williams Co. Inc USD Energy 401% ($31,000) 531,349 13-Dec-12 31.00 31.35 $349 B-Aug-12 WP2 1,000 William Partners Lp USD Energy 6.79% ($51,430) 550,769 8.Aug-12 5143 50.77 ($661) 4-Apr-12 WP2 1000 William Partners Lp USD Energy 6.79% ($54,560) 554,149 4-Apr-12 5436 5445 (5411) 25-Jan-12 WP2 3000 William Partners Lp USD Energy 6.79% (5188.430) 5187481 25-Jan-12 6281 62.53 (5849) 12-Oct-12 WDAY 900 Workday Inc.Class A USD Technology 0.00% ($25,200) 541,766 12-Oct-12 2800 46.41 $16,566 20-Jan-12 210P 6750 2iophann Oncology Inc USD snsumer, Non-cyclic 0.00% ($35.100) 534,452 20-Jan-12 520 5.10 ($648) 28-Mar-12 ZNGA 3,600 Zynga Inc GA USD Communications 0.00% (543,200) 544,784 29-Mar-12 12.00 12.44 $1,584 22-Jun-12 CNCOff 7300 Cencosud Sa-Sponsored Mr USD snsumer, Nan-cyclic 0.00% (5117.096) $116.768 22-Jun-12 15.61 15.57 ($328) U.S. Axed Income Trade Date Maturity Face Amount Issuer S&P Rating Next Call Date Coupon Principal Cost Market Value Total Int. Closing Date Entry Price Closing Price P1. Accrued 7-Nov-11 31-Dec-2013 1,000,000 American Capital Ltd NR N/A 7.960% (51,011100) $1,000,000 $63,017 22-Aug-12 $101.10 $100.00 552.017 12-Jan-12 31-Dec-2013 1,000,000 American Capital Ltd NR N/A 7.960% (51,020.000) $1,000,000 $48,644 22-Aug-12 $102.00 $100.00 $28,644 23-Apr-10 02-May.2016 1,123,608 Gt Group Inc 88- N/A 7.000% ($1,061,809) $1,123,608 $188,766 17-Sep-12 $94.50 $100.00 $250,565 23-Apr-10 02-May.2016 2,886,675 Gt Group Inc 88- N/A 7.000% ($2,727,908) $2,886,675 $478226 5-Sep-12 $9430 $100.00 $636,993 23-Apr-10 02-May.2016 989,717 Gt Group Inc 88- N/A 7.000% (5935.283) $989,717 $161,269 21-Aug-12 $9430 $100.00 $215,703 17-Mar-10 02-May.2017 959,777 Gt Group Inc 88- N/A 7.000% (5885,394) $959,777 $165,722 5-Sep-12 $9225 $100.00 $240,104 17-Mar-10 02-May.2017 1.236,549 Gt Group Inc 88- N/A 7.000% ($1,140,717) $1,236,549 $191,871 5-Jun-12 $9225 $100.00 $287,704 17-Mar-10 02-May.2017 303,674 Gt Group Inc 88- N/A 7.000% (5280,139) $303,674 $45231 3-May-12 $9225 $100.00 $68,765 15-Jul-11 07.Aug.2012 1,003,000 Deutsche Bank Ag London WA N/A 0.000% (51,000.000) $617,630 SO 7-Aug-12 $100.00 $61.78 (5382.1701 25-Jun-10 01.0ct-2014 1,547,333 Felcor Lodging Lp Bo N/A 10.000% (51,626.568) $1,734,947 $256,599 22-Feb-12 $105.25 $112.13 $362,979 28-Jun.10 01.0ct-2014 773,667 Fekor Lodging Lp Bo N/A 10.000% (5814.284) $867,474 $127,655 22-Feb-12 $105.25 $112.13 $180,845 15-Sep-10 15-Apr-2015 1,2120,000 Ford Motor Credit Co Uc 88, N/A 7.000% (51,278.000) $1,308,000 5129,967 2-Apr-12 $106.50 5109.00 $159,967 20-Jun-12 09.JuI.2013 3,000,000 Goldman SacM Group Inc WA N/A 0.000% ($3,0304100) $3,162,000 SO 24-Sep-12 $100.00 5105.40 $162,000 26-Oct-11 09-Nov-2012 1,000,000 Hsbc Usa Inc WA N/A 0.000% ($1,0004100) 51,097,500 SO 9Nov-12 $100.00 5109.75 $97,500 144eb-12 17-May-2013 5,000,000 Hsbc Usa Inc WA N/A 0.000% ($5,0004100) $5,315,000 SO 24-Sep-12 $100.00 5106.30 5315,030 21-Jul-10 22-Jul-2013 2,500,000 Jpnsorgan Chase & Co WA N/A 0.000% (52,512500) $4,469,250 $0 28-Jun-12 $100.50 5178.77 51,956,750 9-Dec-10 16-Jun-2012 3,000,000 Morgan Stanley WA N/A 0.000% (53,000.000) $4,058,970 SO 16-Jun-12 $100.00 5135.30 $1,058,970 EFTA01121597 G I 0 Global investMein OPOOri MIR la Global Investment Opportunities Group Account Position and MTM Summary (2012 Closed Positions) Prepared for Southern Financial LLC as of May 31. 2013 J.P. Morgan Securities LLC 13-Jan-11 26.Jul-2012 2,000,000 Morgan Stanley WA N/A 0.000% (52.000.000) $1,019,780 SO 26-Jul.12 $100.00 $50.99 (5980.220) 14.Nov.I2 IS.Jun-20/B 600,000 Prudential Financial Inc BBB. 6/15/2023 5.625% (5599.9641 $601,500 $2,063 6-Dec-12 $99.99 $100.25 53,599 7-Feb.12 08.Jan-2015 1,000,000 Royal Bk Scotlnd Grp Plc BB. N/A 5.050% (5966.000) $1,030,000 536,051 24-Oct-12 $9&60 $103.00 $100,051 3-Aug-11 07-Feb-2013 2,000,000 5g Structured Product WA N/A 0.000% (52.000,000) 52,211,600 SO 23-Aug-12 $100.00 $110.58 $211,600 16-Mar-11 20-Jun-2012 5,000,000 5g Structured Products WA N/A 0.000% (55.000,000) 55,277,500 So 14-Feb-12 $100.00 $105.55 $277,500 30-Jan-12 Perpetual 2,000,000 Southern Cal Edison BBB- 2/1/2022 6.250% (51.983,320) 52.035,000 510,069 29-Feb-12 599.17 $101.75 561,749 11-Jan -12 Perpetual 325,000 Southern Cal Edison BBB- 2/1/2022 6.250% (5324604) $326,625 $451 19.1an-12 599.88 $100.50 52,473 iced Income P.1. SS.369.087 International Fixed Income Trade Date Maturity Face Amount Issue S&P Rating Currency Coupon Principal Cost (5) Market Value (5) Total Int. Accrued (5) Closing Date Entry Price (Local) Closing Price (Local) 9 feb.I2 Perpetual 300.000 Braskem finance Ltd BBB- USD 7.375% (5301,125) 5301,140 53,626 10-Apr-12 100.38 100.38 53,641 International Fixed Income Pil. 53.641 Municipal Bonds Non Taxable Trade Date Maturity Face Amount Issue S&P Rating Next Call Date Coupon Principal Cost (S) Market Value (S) Total Int. Accrued (S) Closing Date Entry Price (Local) Closing Price (Local) 20-Jun-12 15-Jun-2034 1,003,000 Nyc MunWtr/Sni-Ff AA. 6/1512022 3.750% (5988,170) $984,500 $0 21-Jun-12 98.82 98.45 (53.670) 8-Mar-12 8-Mar-12 1.003,000 Pr-Ref-A BBB- 7/1/2022 5.125% (5982,500) 5986,500 50 21-Jun-12 98 25 98.65 54.003 16-Feb-12 8-Mar-12 1.003,000 Pr Aqueduct-A-Sr lien 84. 711/2022 5.250% (5974,740) 5982,700 50 16-feb-12 97.47 98.27 57,960 Municipal Bonds Non Taxable PA 58.290 Mortgage and Asset Backed Trade Date Maturity Original Face Issue S&P Hating Next Call Date Coupon Principal Cost (S) Market Value (5) ota Int. Accrued IS/ Closing Date ntry 'rice (Local) • ng • e (Local) 13-Sep-12 25-Dec-2034 3.275,000 Wfmbs 2004-6e 81 CCC 9/25/2015 2.723% (51,493,827) 51,629,095 528.900 29-Nov-12 72.75 80.00 $164,1613 12-Apr-12 20-Jul-2036 6.000,000 Bafc 2006-G 2AS CCC 6/20/2021 0.478% (51,647,559) 51,736,477 5161.166 29-Nov-12 65.00 7300 $250,084 18-Jun-12 25-Jan-2037 2,081,519 Beams 2037-1 2Al2 CCC 4/25/2018 6.000% ($1,165,006) 51,199,332 $81.684 4.0c1.12 57.00 6000 5116,010 1S-Aug-12 25-Nov-2034 10,000,000 Bsabs 2004-Ac6 MI CCC 6/25/2013 0.863% ($1,051,316) 51,175,593 564.429 B-Nov-12 47.00 5450 $208,707 31-May-12 25-Feb-2035 3,364,000 Cmsi 2005-1 82 10/25/2014 5.417% ($1,719,986) 51,678,898 5201.537 B-Nov-12 83.00 87.50 $160449 13-Aug-12 25-Jun-2033 3,412,000 Malt 2003-483 CCC 11/25/2014 5.632% ($1,033,474) 51,153,365 5115,797 B-Nov-12 61.00 72 00 5235.686 2-Apr-12 20-Apr-2033 8,000,000 Semt 2003-1 81 B- 6/20/2013 1.518% (51.076.153) 51,204,376 558.183 13-Aug-12 60.00 69 CO $186,405 Mortgage and Asset Backed Pg. SIM.321,511 Listed Preferred, Trade Date Maturity Shares Company S&P Rating Par Amount Coupon Principal Cost (S) Market Value (5) Dividends Received (S) Closing Date Entry Price (Local) Closing Price (Local) PA 24-Jan-12 2/15/2042 20,000 Aegon Nv 868 $2540 8.00% (5500.000) 5499,000 SO 7-Feb-12 25.00 24.95 (51.000) 8-Mar-12 Perpetual 37,000 Alexandria Real Estate E BB $2540 6.45% (5925.000) 5902,060 SO 29-Mar-12 25.00 24.38 (522.940) 29.Mar-12 Perpetual 26,000 American Capital Agency WA $2530 8.00% (5700.000) 5701,288 SO 16-Apr-12 25.00 2505 51,288 7-Jun-12 6/12/2042 10,000 American Financial Group BBB. 12540 6.38% (5250.000) 5250,880 SO 19-Jun-12 25.00 2509 $880 6-Sep-12 Perpetual 27,000 Annaly Capital Mgmt WA 12540 7.50% (5675.000) 5671,733 SO 16-Sep-12 25.00 24.88 ($3,267) 6-Sep-12 Perpetual 25,000 Anne,/ Capital Mgmt WA 12540 7.50% (5625.000) 5621,225 SO 14-Sep-12 25.00 24.65 ($3,775) 9May.12 Perpetual 11,291 Anne,/ Capital Minn N/A 12540 7.63% (5282.275) $279,170 51690 14-Jun-12 25.00 2473 ($415) 9May.12 Perpetual 46,712 Anne,/ Capital Mgmt WA $2540 7.63% ($1,167,800) 51,153,880 511,131 13-Jun-12 25.00 2470 ($2.790) 9-May-12 Perpetual 34,997 Annan/ Capital Mgmt WA $2540 7.63% (5874.925) $863,376 $8,339 12-Jun-12 25.00 24.67 ($3,210) 9-May-12 Perpetual 35,890 Annaly Capital Mgmt NIA 12540 7.63% (1897.250) $886,591 $8,552 11-Jun-12 25.00 24.70 ($2,107) 9-May-12 Perpetual 41,110 Annaly Capital Mgmt WA $2540 7.63% ($1,027,750) 51,016,609 $9,796 7-Jun-12 25.00 2473 ($1,345) 13-Sep-12 Perpetual 15,003 Apollo Residential Mtge WA 12540 8.00% (5375.000) 5375,570 So 25-Sep-12 25.00 25.04 $570 13-Sep-12 Perpetual 10,000 Apollo Residential Mtge WA 12540 8.00% (5250.000) 5250,390 So 25-Sep-12 25.00 2504 $390 12-Sep-12 Perpetual 51,000 Bank Of New York Mellon BBB 12540 5.20% ($1,275,000) 51,260,873 SO 25-Sep-12 25.00 2472 (514127) 13-Jan-11 Perpetual 39,293 Barclays Bank Plc BBB 12540 8.13% ($1,002,563) 51,013,749 $131521 19.0ct-12 25.54 25.83 $150,708 13-Aug-12 Perpetual 40,0® Capital One Financial Co BB. 12540 6.00% ($1,000,000) $995,720 So 14-Sep-12 25.00 2489 ($4,280) 28.Sep-12 Perpetual 15,000 Cbl & Associates Prop WA 12540 6.63% (5375.000) 5376,635 So 8.0c1.12 25.00 25.11 $1,635 10-Jul-12 Perpetual 36.833 Chesapeake Lodging Trust WA 12540 7.75% (5920.825) $925,171 SO 27-Jul-12 25.00 2412 54,346 10-Jul-12 Perpetual 0140 Chesapeake Lodging Trust WA 12540 7.75% (5151500) $154,765 SO 26-Jul-12 25.00 2521 51,265 10-Jul-12 Perpetual 12,027 Chesapeake Lodging Trust WA 12540 7.75% (5300675) 5300,699 SO 24-Jul-12 25.00 2540 $24 30-Sep-10 10/30/2040 30,003 Citigroup Capital )(iii BB 12540 7.88% (5750,000) 5852,300 $107461 19-Oct-12 25.00 2841 $209,761 EFTA01121598 GI 0 Global investment OrmorennIcies Global Investment Opportunities Group Account Position and MTM Summary (2012 Closed Positions) Prepared for Southern Financial LLC as of May 31, 2013 J.P. Morgen Setnrillte LLC 5-Nov-12 Perpetual 20,000 City National Corp WA 525.00 5.50% ($500.000) 5487,300 50 12-Dec-12 25.00 24.37 (512.700) 1.0ct-12 Perpetual 10,003 Cobank Ada 5100.00 6.25% (51.004000) 51,039,600 50 25-Oct-12 l0000 103.96 539,600 18.1u1-12 Perpetual 40,0® Ddr Coca Be $2500 6.50% (51.004000) 5988,360 50 6-Aug-12 25.00 24.71 (511.640) 9-Oct-12 Perpetual 25,0® Discover Financial Svs BB 52300 6.50% ($625.000) $630,100 50 26-Oct-12 2100 25.20 55,103 6-Dec-12 12/1/2052 25,0® Entergy Arkansas Inc A. $2500 4.90% ($625.000) $621,600 50 20-Dec-12 2300 24.86 (53,400) 26-Jun-12 7/1/2052 25,0® Entergy Louisiana Uc A. $2500 5.25% ($625.000) $649,025 50 16-Jul-12 25 00 25.96 524,025 17-Jan-12 Perpetual 30,503 Fint Republic Bank/Sf 888 $2500 6.70% ($762.500) $763,171 50 31-lan-12 25 00 25.02 5671 2.0ct-12 10115/2052 4179 General Elec Cap Corp AA. $2500 4.81% ($204.475) $203,657 50 26-Oct-12 2300 24.90 (5818) 2.0ct-12 10115/2052 21,821 General Elec Cap Corp AA. $2500 4.81% ($545.5.25) $543,561 50 25-Oct-12 2100 24.91 ($1.964) 2-Am-12 4/15/2042 37,0® Hartford Finl Sva Grp 8B. 525.00 7.81% ($925.000) $975,838 50 2-May-12 2100 2637 $50,838 20-Aug-12 Perpetual 40,0® Issmacen Chase 8 Co 888 $2500 5.50% ($1,030,000) $996,800 50 7-Sep-12 2100 24.92 ($3,200) 20-Aug-12 Perpetual 45,000 Jpmagan Chase 8 Co 888 $25.00 5.50% ($1,125,000) 51,121,850 50 6-Sep-12 25.00 24.93 ($3,150) 9-Mar-12 Perpetual 50,003 Kimco Realty Corp 88B- 525.00 6.00% ($1,250,000) 51,228,100 50 29-Mar-12 25.00 24.56 (521.900) 16-Jul-12 Perpetual 6374 Kimco Realty Corp 88B- 525.00 5.50% ($164.350) $161,083 50 7-Aug-12 25.00 24.50 ($3,267) 16-Jul-12 Perpetual 6,426 Kimco Realty Corp DBB- 525.00 5.50% ($160.650) $157,829 50 6-Aug-12 25.00 24.56 ($2.821) 3-Apr-12 4/15/2042 9.905 Mfa Financial Inc N/A 525.00 8.00% ($247.625) $246,139 50 27-Apr-12 2100 2485 (51,496) 3-Apr-12 4/15/2042 11,095 Mfa Financial Inc N/A 525.00 8.00% ($277.375) $275.899 50 26-Apr-12 2100 2487 (51,476) 20-Mar-12 3/1/2072 18.600 Nextera Energy Capital 888 525.00 5.70% ($465.000) $473240 50 16-Apr-12 2100 25.44 58.240 14-Sep-12 Perpetual 40,003 Pnc Financial Services 888 525.00 5.31% ($1,030,000) $996,480 50 4.04t-12 2100 24.91 ($3.520) 19-Am-12 Perpetual 27,003 Pnc Financial Services 888 525.00 6.13% ($675.000) $678,159 50 9-May-12 2100 25.12 53,199 29-Feb-12 3/15/2042 170,000 Raymond Janes Financial 888 525.00 6.90% ($4,250,000) 54,301,000 50 1.84ar-12 2100 2530 551)200 31-Jan-12 Perpetual 20,003 Realty Income Corp 8B. $2500 6.63% ($500.000) $499,600 50 8-Feb-12 2100 24.98 ($400) 14-Aug-12 Perpetual 25,003 Regency Centers Corp 8B. $2500 6.00% ($625.000) $624,000 50 28-Aug-12 2100 24.96 (51,000) 25.0ct-12 Perpetual 25,003 Regions Financial Corp BB 525.00 6.31% (5625.000) $617,475 50 11-Dec-12 2100 24.70 ($7,525) 7-Aug-12 Perpetual 30,003 SI Green Realty Corp Be 525.00 6.50% (5750.000) $743,010 50 16-Aug-12 2100 24.77 ($6,990) 8-May-12 5/15/2015 4.000 Thompson Creek Metals Co wo 52500 6.50% ($100.000) 584,524 50 29-May-12 2100 21.13 (515.476) 11-Jul-12 Perpetual 10,003 Vornado Realty Trust B88. 525.00 5.70% (5250.000) $247,250 50 24-Jul-12 2100 24.73 (52.750) 9-Aug-12 Perpetual 10,003 Weib Fargo 8 Company EIBEle $2500 5.20% (5250.000) 5249,790 50 13-Aug-12 2100 2438 ($210) 6-Aug-12 Perpetual 31,700 Kilroy RealtyCorp N/A 5001 6.38% (5792.500) 5777,030 50 28-Aug-12 2100 24.51 (515.470) 6-Aug-12 Perpetual 300 Kilroy Realty Coca N/A 50.01 6.31% (57,500) $7.295 50 17-Aug-12 2100 24.32 ($205) Listed Pre fei recis PIL 5372,677 Forward Contracts Trade Date Value Date Bought Notional Sold Notional Fix Date Contract Spot Contract Forward Closing Date Closing Rate P,'L E2.Dec-11 6-Feb-12 SGO 3,249250 USD 1500,000 6-Feb-12 13005 12997 25-Jan-12 1.27 $59,472 2-Nov-11 6-Feb-12 SGO 3,183,0® USD 1500,000 6-Feb-12 12734 12732 2.Feb-12 1.25 $53,755 2-Feb-12 6-Mar-12 SGO 3,115,0® USD 1500,000 6-Mar-12 12464 1246 9.Feb-12 1.25 ($7.202) 21-Jul-10 25-Jul-13 DjubsCant-F3 2500000 16-Jul-18 28-.1m-12 120.94 51,956.738 19-Jun-12 23-Jul-12 MXN 11900,000 USD 939,904 23-Jul-12 13.6898 133248 19-Jul-12 13.24 534659 19-Jul-12 23-Aug-12 MXN 11900,000 USD 972213 23-Aug-12 132367 132687 17-Aug-12 13.18 56,424 17-Aug-12 21-54p-12 MXN 11900,000 USD 976356 21-Sep-12 111816 132124 20-Sep-12 12.93 521,405 20-Sep-12 24-Oct-12 MXN 11900,000 USD 994,768 24-Oct-12 1192895 1196785 23-Oct-12 12.94 51,972 31-Aug-12 5-Nov-12 CHF 11,990,000 (UR 10.000,000 5-Nov-12 1201 1.199 2-Nov-12 1.21 (584.812) 23-Oct-12 26-Nov-12 MXN 11900,000 USD 994,089 26-Nov-12 123422 12.9767 21-Nov-12 13.04 ($4,689) 21-Nov-12 19-Dec-12 MXN 11900,000 USD 987,477 19-Det-Il 13.0382 13.063594 18-Dec-12 12.73 525,686 Forward Contracts WL 52,063,407 FX bam Currency 2 Original Closing Premium Trade Date Expiration Direction Cunency 1 Type Notional Strikt Currency 2 Type Closing Date Premium (5) (5) P,'L 25-lan-12 24-Jan-13 Bought BRL Put 195,000,000 42.50 JPY fall 21-Feb-12 5125,734 $0 $125,734 20-Am-12 22-May-I2 Bought IPy Put 5.0120,000 83.00 USD fall ($26.500) so (526.500) 20-Am-12 22-May-I2 Sold IPy Call 5.0120,000 81.00 USD Put 528.500 $0 526.500 16-Mar-12 19-Jun-12 Bought MXN Call 1.003,000 1237 USD Put 19-11m-12 ($17,200) so (517.20M 16-Mar-12 19-Jun-12 Sold MXN Put 1.003,000 1230 USD fall 19-has-12 517.200 (558.394) (541.194) 1-Aug-11 13-Aug-12 Bought IPy Put 100,030,000 8325 CAD fall 8-Aug-12 (5413,613) 50 ($413.613) 1-Aug-11 13-Aug-12 Sold IPy Call 100,030,000 76.00 CAD Put 8-Aug-12 5413,613 50 5413,613 FX Options $67,340 Cornmodity OptIons EFTA01121599 GI 0 tactb•I invesiniene Onnoreunliglet Global Investment Opportunities Group Account Position and MTM Summary (2012 Closed Positions) Prepared Tor Southern Financial LLC as of May 31. 2013 JA. Morgan Securities LLC. Trade Date Expiration Direction Commodity Type Notional lox) Strike Currency Notional Type Closing Date Original Closing Premium Premiums) (5) 27-Jun-12 12-Nov-12 Sold USD Put 125,000 96.5 12.062.503 Call 12-Nov-12 $1.067,500 so 51.087.500.00 27-Jun-12 12-Nov-12 Bought USD Call 125,000 126.5 15,812.503 Put 12-Nov-12 075.000 so ($75.000.00) 10-1ul-12 12-Nov-12 Sold USD Put 100.000 SO 6.000,000 Call 12-Nov-12 5180.000 so $184.000.00 10-Jul-12 12-Nov-12 Bought USD Call 100,000 119.5 11,950.003 Put 12-Nov-12 (Slake«) s0 (5184,000.00) 1-May-12 13-Aug-12 Sold USD Put 250,000 100 25,000.003 Call 12-Nov-12 5136,250 nolzsom (5876,250.00) 1-May-12 13-Aug-12 Sold USD Put 250,000 100 25,000.003 Call 12-Nov-12 5136.250 so 3136.250.00 1-May-12 13-Aug-12 Bought USD Call 250,000 140 35,000.003 Put 12-Nev-12 (5200,000) s0 (3200,000.00) 10-1u1-12 11-Dec-12 Sold USD Put 100.000 79.5 7.950,000 Call 12-Nev-12 $233,030 so $233.003.00 10-1u1-12 11-Dec-12 Bought USD Call 100,000 119 11,900.003 Put 12-Nov-12 (5233,000) s0 ($233.000.00) Commodity Optiont Pit 572.500 Total 2012 P.1_ 59.106,514 (0 2013 1PMoroan CMSe a Co. EFTA01121600 GIO Iikrbal larnaan omearinli IMPORTANT INFORMATION Global Investment Opportunities Group Account Position and P/L Summary (Disclaimer) Prepared for Southern Financial LLC as of May 31, 2013 J.P. Morgan Securities LI.C. advice. Accordingly. any discussion of U.S. tax matters coMained herein (including any attachments) is not intended or written to be used. and cannot be used. in connection with the promotion, marketing or recommendation byanyone unaffiliated with IPAlorgan Chase II Co. of any of the matters addressed herein or for the purpose of molding U.S. tax-related penalties. Each 'coolant of this presentation, and each agent thereof, may disclose to any person, without limitation, the US. income and honest's tax treatment and tax mummy of the transaction, described herein and maydisclose all neteriels of any kind (including opinions or other tax analyses) provided to each recipient insofar as the materials 'Sate toe V.S. income or franchise tax strategyprovided to such recipient by 1.P.Morgan Chase a Co. and itssubsidiaries. Bank productsand servicesare offered by J.P.Morcurn Chase Sank. NA. and its affiliates. Securities products and services are offered by LP. Morgan Securities LW, member NYSE, PIMA and SSC. LP. Morgan Securities LLC is an affiliate of I.P.Morgan Chase Bank N.A. and other affiliates global/ es local legislation permib FDIC insurance and dornestk deposit preference are not applicable to deposit, or other obligations of our bank branches or banking affiliates outside the United States. In the United Kingdom, this material is approved by .I.P. Morgan International Bank Limited 0PM18) with the registered office located et 12S London Well EC2T SAJ. registered in England No. 03838766 and is authorised and regulated by the financial Services Mthority. In addition, this material may be distributed by: 1.P.Morgan Chase Bank, NA. (1PMCIN Paris branch. whkh is regulated by the french banking authorities Autoriti de Contrele Prudent:el and Autoriti des Marches Financiers: it. Morgan (Suisse/ 5k regulated by the Swiss financial Market Su pervisoryAuthority; FMCS Dubai branch, regulated by the Dubai financial Services Authority; IPMCB Bahrain brands, licensed as a conventional wholesale bank by the Central Bank of Bahrain (for professional clients only). 10fila Hong Kong brands. imitated by the Hong Kong Monetary Authority and .IPMCB Singapore branch. regulated by the Monetary Authority of Singapore. This material is not Intended as an offer or solicitation for the purchase or sale of any financial instrument 1.P. Morgan Securities LLC or its brokerageaffiliatesman hold e position or act as market make, to the financial Instruments of any issuer discussed herein or act as an underwriter, placement agent. advisor or lender t014101 issuer. Tea views and strategies described he may not be suitable for all investors The discussion of been or other extensions of credit in this material is for illustrative aureoles only. No commignent to lend should be construed or implied. This material is chstibutad with the understanding that we ere not rendering accounting kgal or tea mike. Estate planning requires legal assistance. You should coma* with your independent advisors concerning such mitten. We believe the information contained In this material to be mixable but do not warrant its accuracy or completeness. Opinions, estimates, and Investment strategies and views NOT AN OFFICIAL ISChFIRMAION expressed herein may trifkr from the opinions expressed by other ems of / •.. Mogan, including research The investment strategies and views stated here may differ from those expressed for other purposes or In other contexts by other .I.P. Morgan market strategets. EP Morgan Securities LLC may act as a market maker relevant to structured products or option productsand may engage in hedging or other *ovations in suds markets relevant to its structured products or options exposures. Structured products and option aro not insured by the Federal Deposit insurance Corporation ODIC), the federal BONA* BOON,, or any other governmental In discussion of options and other strategies. results and risks ere based solely on hypothetical examples cited; actual results and risks will varydepending on specific circumstances. Investors aro urged to consider carefully yMether option or option related products in general, as well as the products or strategies discussed herein are suitable to thee needs. In actual transactions. the thent'scounterparty for OTC derivatives applications is LP...organ Chase Bank, N.A, London branch. For a cosy of the Characteristics and Risks of Standardized Options• booklet, please contact your J.F. Morgan Advisor. Real estate. hedge funds and other private investments may not be suitable for all individual Investors, may present significant risks. and may bo sold or redeemed at more or less than the original amount Invested. Private nvaments are offered only by offering memoranda, which more fully describe the possible risks There ere no assirances that the stated investment objectives of any investment product will be met. Hedge funds Sc' funds of hedge funds) of ten allege in leveraging and other speculative investment practices that may increase the risk of Investment Iles: can be highly illiquid: are not required to provide periodic pricing or valuation information to investors; may invoke complex tax structures and delays in distributing important tax information; aro not subject to the same regulatory requirements as mutual funds: and often charge high fees further, any number of conflicts of interest may exist n the canted of the management and/or °devotion of any hedge fund n the US, 1 • Morgan Mutual fends re distributed by / P.Morgan Distribution Services. Inc. which is an affiliate of 1.PAtorgan Chase & Co.Affiliated of 1.P.Morgan Chase a Co. tact* fees for provkling various union to the funds Call 1.P.Morgan Detribution Schwas at 1.8004.10. 4111 or visit www / P.Morganfinds.com for the prospectus. Investors should carefully consider the investment objectives, risks. charges and expenses of the mutual funds before investing. The prospectus contains this and other Information about the mutual fund and should be read carefully before investing sppleable, portions of mutual hand performance information may be provided by Lipper, a Reuters company, subject to the following: 02012 Reuters. All rights reserved. My copying. republication or redistribution of Lipper to inducling by caching framing or similar means.' expressly prohibited without the prior written consent of Limo. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. Past performancesnot a mixable indicator of comparable future returns and investors may gel Fa rifonnanonai whoa. cely. This report does not represent an caldal account ot the feedings. balances. or transactions mode in your =ant ands bona en:go:Oat your request. Pease relotioyas monthlyaccost stab:moth for hoafeebl recent al al of your account eabilke. Fa Quellien. Pbtthe CM ye...JP Morgan represertane. The Moreno is being amended kw inlomulthrul purposes os ancPor in response to your meant Inlisonaccn contained inns massage arcl any accompann cbcumantation.indudrg but not Smiled lo any research. market vatueons. statements ccenrmatens. calculator-is or estimates, is behoved to to ratable. but we do rot warrant Is completeness or accuracy. (*mons and estimates consinuto ourjudgment and are ailed le changeAMON noire. Past performance is not IndCalise ol futuremulls. Ms marinate non intended as an oiler or solotallon Ice MO purchase or sabot any financial irelOSTOM. The troka.dcalors ander tar athletes ardarpoycos may node possum or am as market maker n Ow &erste' instruments of any issuer discussedWen or act as undernvest. pixtment agent. adnsor or lender to such sayer. Valuation ',tended rated once eSemalm on the delete) welted Athough stemmas in those moments nes tom atoned from souroes teemedto be reliable. JP/organ Chase a Co. and es athliates do not pavane es accuracy or completeness and accept nohoary ler any fl eet or consocarernal lasses amine from is use. the infonnabon is to the sob use ot the nasal to whom n is aOitessed. and may be pnologed and cants:timbal any use. dsmbuoon. or O4:4tomon byanyone other than The addressee is cant:hod. II you receive this in @nor, pease nosey the sender immediately and return a by mat (O2013 /PIAorgan Chase & Co. EFTA01121601