EFTA Document EFTA01429870

3 EPSTEIN VIRGIN ISLANDS FOUNDATION INC February 1, 2019 - February 28, 2019 Account Number: 6100 RED HOOK QUARTER B3 ST THOMAS VI 00802 Portfolio at a Glance This Period Your Investment Specialist: MARTIN ZEMAN (212) 250-0432 Commission Amount: $196.00 BEGINNING ACCOUNT VALUE Net Cash Deposits and Withdrawals Adjusted Previous Account Value Dividends, Interest and Other Income Net Change in Portfoliol ENDING ACCOUNT VALUE Estimated Annual Income $127,184.45 -128,626.14 -1,441.69 1,410.61 31.08 $0.00 $130.01 1 Net Change in Portfolio is the difference between the ending account value and beginning account value after activity. Year-to-Date $258,652.79 -248,626.14 10,026.65 2,126.81 -12,153.46 $0.00 Percent 0% 0% 0% Asset Summary Asset Type Cash, Money Funds, and Bank Deposits Equities Account Total Please review your allocation periodically with your Investment Specialist. Summary of Gains and Losses Realized Long-Term Gain/Loss Net Gain/Loss EFTA01429870 This summary excludes transactions where cost basis information is not available. Page 1 of 8 A0102416CSF30019 This Period -19,250.07 -19,250.07 Year-to-Date -66,015.32 -66,015.32 Unrealized 0.00 0.00 Prior Year-End 6,810.54 251,842.25 $258,652.79 Last Period 1,423.25 125,761.20 $127,184.45 This Period 0.00 0.00 $0.00 EFTA01429871 For Your Information The European Central Bank (the "ECB") and other credit institutions introduced "negative interest rates". Negative interest expense may be charged to your account if you have a deposit of foreign currency. The interest will be reported on your Forms 1099 and/or 1042 S. These rates are subject to change in response to market changes, and we may, in the future and based on our normal interest rate setting arrangements, begin to charge negative interest rates on additional foreign currency balances. Date Money Market Fund Detail Activity Type Sweep Money Market Fund CASH AC TR DWS GOVT & AG INSTL Current Yield: 2.31% Activity Ending: 02/06/19 02/01/19 02/04/19 02/05/19 02/07/19 02/07/19 02/07/19 02/06/19 Opening Balance Deposit Deposit Withdrawal Withdrawal Deposit Closing Balance Total All Money Market Funds Income and Expense Summary Current Period Taxable Dividend Income Equities Money Market Total Dividends, Interest, Income and Expenses 1,394.00 16.61 $1,410.61 Non Taxable 0.00 0.00 $0.00 Taxable 1,996.80 130.01 $2,126.81 Year-to-Date Non Taxable 0.00 EFTA01429872 0.00 $0.00 MONEY FUND PURCHASE MONEY FUND PURCHASE MONEY FUND REDEMPTION SHARES REDEEMED ACCRUED DIVIDEND CREDIT Description Amount Balance 1,423.25 1,394.00 1,423.25 2,817.25 125,792.28 -128,609.53 -16.61 16.61 128,609.53 0.00 -16.61 0.00 $0.00 $0.00 Portfolio Holdings Description CASH AC TR DWS GOVT & AG INSTL Total Money Market Quantity CASH, MONEY FUNDS, AND BANK DEPOSITS 0.00% of Portfolio Money Market 1,423.25 $1,423.25 0.00 $0.00 0.00 $0.00 130.01 2.31% $130.01 Page 2 of 8 Account Number A0102416CSF30019 Opening Balance Closing Balance Accrued Income Income This Year 30-Day EFTA01429873 Yield EFTA01429874 February 1, 2019 - February 28, 2019 3 EPSTEIN VIRGIN ISLANDS Portfolio Holdings (continued) Description Quantity CASH, MONEY FUNDS, AND BANK DEPOSITS (continued) TOTAL CASH, MONEY FUNDS, AND BANK DEPOSITS Opening Balance $1,423.25 Total Portfolio Holdings Portfolio Holdings Disclosures Pricing This section includes the net market value of the securities in your account on a settlement date basis, including short positions, at the close of the statement period. The market prices, unless otherwise noted, have been obtained from independent vendor services, which we believe to be reliable. Market prices do not constitute a bid or an offer, and may differ from the actual sale price. Securities for which a price is not available are marked "N/A" and are omitted from the Total. THE AS OF PRICE DATE ONLY APPEARS WHEN THE PRICE DATE DOES NOT EQUAL THE STATEMENT DATE. Estimated Annual Figures The estimated annual income (EAI) and estimated annual yield (EAY) figures are estimates and for informational purposes only. These figures are not considered to be a forecast or guarantee of future results. These figures are computed using information from providers believed to be reliable; however, no assurance can be made as to the accuracy. Since interest and dividend rates are subject to change at any time, and may be affected by current and future economic, political, and business conditions, they should not be relied on for making investment, trading, or tax decisions. These figures assume that the position quantities, interest and dividend rates, and prices remain constant. A capital gain or return of principal may be included in the figures for certain securities, thereby overstating them. Refer to www.pershing.com/disclosures for specific details as to formulas used to calculate the figures. Accrued interest represents interest earned but not yet received. Reinvestment The dollar amount of Mutual Fund distributions, Money Market Fund dividend income, Bank Deposit interest income, or dividends for other securities shown on your statement may have been reinvested. You will not receive confirmation of these reinvestments. Upon written request to your financial institution, information pertaining to these transactions, including the time of execution and the name of the person from whom your security was purchased, may be obtained. In dividend reinvestment transactions, Pershing acts as your agent and receives payment for order flow. EFTA01429875 Foreign Currency Transactions Pershing will execute foreign currency transactions as principal for your account. Pershing may automatically convert foreign currency to or from U.S. dollars for dividends and similar corporate action transactions unless you instruct your financial organization otherwise. Pershing's currency conversion rate will not exceed the highest interbank conversion rate identified from customary banking sources on the conversion date or the prior business day, increased by up to 1%, unless a particular rate is required by applicable law. Your financial Page 3 of 8 Account Number: A0102416CSF30019 Market Value $0.00 Closing Balance $0.00 Accrued Income $0.00 Accrued Interest $0.00 Income This Year $130.01 Estimated Annual Income $130.01 30-Day Yield EFTA01429876 Portfolio Holdings Disclosures (continued) Foreign Currency Transactions (continued) organization may also increase the currency conversion rate. This conversion rate may differ from rates in effect on the date you executed a transaction, incurred a charge, or received a credit. Transactions converted by agents (such as depositories) will be billed at the rates such agents use. Proxy Vote Securities not fully paid for in your margin account may be lent by Pershing to itself or others in accordance with the terms outlined in the Margin Agreement. The right to vote your shares held on margin may be reduced by the amount of shares on loan. The Proxy Voting Instruction Form sent to you may reflect a smaller number of shares entitled to vote than the number of shares in your margin account. Schedule of Realized Gains and Losses Current Period Description Date Disposed Long Term BRISTOL MYERS SQUIBB Security Identifier: 110122108 DISNEY WALT CO DISNE Security Identifier: 254687106 Total Long Term Total Short and Long Term 02/01/19 02/01/19 10/30/15 10/30/15 Covered Covered First In First Out / SELL First In First Out / SELL 1,000.000 685.000 49,531.37 76,260.91 125,792.28 125,792.28 66,942.40 78,099.95 145,042.35 145,042.35 -17,411.03 -1,839.04 -19,250.07 -19,250.07 Generally, securities acquired before 2011, in retirement accounts or held by Non-U.S. entities are not subject to the cost basis reporting rules set forth in the Internal Revenue Code of 1986, as EFTA01429877 amended by the Emergency Economic Stabilization Act of 2008, and are marked as "noncovered". Securities marked as "covered", were identified as securities potentially subject to the cost basis reporting rules and may be reported to the IRS on form 1099-B for the applicable tax year in which the securities are disposed. Note: In the event where we cannot easily determine the taxability of an account, we may mark the account as noncovered. However, if the account does not receive a 10996, the cost basis will not be reported to the IRS. This Schedule may not reflect all cost basis adjustments necessary for tax reporting purposes, especially for noncovered securities. Adjustments to cost basis may have been made for prior income received and subsequently reclassified by the issuer as a return of capital. In addition, corporate action events may require adjustments to your original cost basis. Return of capital information and cost basis information, as it relates to corporate actions, has been obtained from sources we believe to be reliable. Adjustments to cost basis can be made after year-end, in particular, for return of capital adjustments, but may also include adjustments for corporate action events. Therefore there may be differences in cost basis reflected on your monthly client brokerage statement at year end versus any subsequent reports, including your 1099-B or online displays you may have available to you. When you report your cost basis on your tax return, it should be verified using all of your own records. In particular, there may be other adjustments which you need to make, but are not required to be made by Pershing as it relates to H.R. 1424. You should consult with your tax advisor in order to properly report your gain or loss for tax purposes. Pershing shall not be responsible for and makes no representations or warranties with respect to the accuracy of any information that you report to the IRS or other taxing authorities, and, accordingly, disclaims any and all liability that may arise with respect to your use and reliance on the information provided herein for such reporting. Please refer to the Your Account Information Section in your brokerage account statement for your account's existing tax-lot disposition method. The disposition method is the method which you have selected to use in the disposal of each tax lot of the securities held in your account. If you do not select a method, your account will be defaulted to First In, First Out (FIFO). Your account's selected tax lot method will be used to determine the cost basis for calculating gain and/or loss, unless another method was selected at the time of the security disposal, and this may be reported on the IRS Form 1099-B. Page 4 of 8 Account Number: A0102416CSF30019 Date Acquired Designation EFTA01429878 Disposition Method / Transaction Quantity Proceeds Cost Basis Realized Gain/Loss EFTA01429879 February 1, 2019 - February 28, 2019 3 EPSTEIN VIRGIN ISLANDS Messages Although a money market mutual fund seeks to preserve the value of your investment at $1 per share, it is possible to lose money by investing in a money market mutual fund. Shares of a money market mutual fund or the balance of a bank deposit product held in your brokerage account may be liquidated upon request with the proceeds credited to your brokerage account. Please see the money market mutual fund's prospectus or the bank deposit product's disclosure document or contact your advisor for additional information. Pursuant to SEC Rule 10b-10(b)(1) confirmations are not sent for purchases into money market mutual funds processed on the sweep platform. Activity Summary (All amounts shown are in base currency) Credits This Period Securities Securities Sold Total Securities Dividends and Interest Cash Withdrawals Total Cash Totals Process/ Settlement Date Transactions by Type of Activity Trade/ Transaction Date Activity Type Securities Bought and Sold 02/05/19 02/01/19 SOLD BMY 02/05/19 02/01/19 SOLD DIS Total Securities Bought and Sold - U.S. DOLLARS Description BRISTOL MYERS SQUIBB CO COM UNSOLICITED ORDER AVERAGE UNIT PRICE TRANSACTION YOUR BROKER ACTED AS AGENT DISNEY WALT CO DISNEY COM UNSOLICITED ORDER Quantity -1,000.000 -685.000 Price 49.5880 111.4130 0.00 Accrued Interest EFTA01429880 Amount Currency 49,531.37 USD 76,260.91 USD 125,792.28 125,792.28 $125,792.28 $1,410.61 0.00 $0.00 $127,202.89 Debits This Period Net This Period 0.00 $0.00 $0.00 -128,626.14 -$128,626.14 -$128,626.14 125,792.28 $125,792.28 $1,410.61 -128,626.14 -$128,626.14 -$1,423.25 Credits Year-to-Date 239,688.79 $239,688.79 $2,126.81 0.00 $0.00 $241,815.60 Debits Year-to-Date 0.00 $0.00 $0.00 -248,626.14 -$248,626.14 -$248,626.14 Net Year-to-Date 239,688.79 $239,688.79 $2,126.81 -248,626.14 -$248,626.14 -$6,810.54 Page 5 of 8 Account Number: A0102416CSF3001 EFTA01429881 Process/ Settlement Date Transactions by Type of Activity (continued) Trade/ Transaction Date Activity Type Dividends and Interest 02/01/19 02/07/19 CASH DIVIDEND RECEIVED BMY MONEY MARKET FUND INCOME RECEIVED PER232045 Total Dividends and Interest - U.S. DOLLARS Cash Withdrawals and Deposits 02/07/19 FEDERAL FUNDS SENT USD999997 Total Value of Transactions The price and quantity displayed may have been rounded. Client Service Information Your Investment Specialist: ZEM MARTIN ZEMAN 345 PARK AVENUE NEW YORK NY 10154 Your Account Information TAX LOT DEFAULT DISPOSITION METHOD Default Method for Mutual Funds: Default Method for Stocks in a Dividend Reinvestment Plan: Default Method for all Other Securities: BOND AMORTIZATION ELECTIONS First In First Out First In First Out First In First Out Amortize premium on taxable bonds based on Constant Yield Method: Yes Accrual market discount method for all other bond types: Include market discount in income annually: Constant Yield Method No FIRSTBANK PUERTO RIC Total Cash Withdrawals and Deposits - U.S. DOLLARS 0 00 0.00 Description 3400 SHRS BRISTOL MYERS SQUIBB CO COM RD 01/04 PD 02/01/19 CASH AC TR DWS GOVT & AGENCY INSTL INCOME REDEEMED EFTA01429882 0.00 Quantity Price Accrued Interest Amount Currency 1,394.00 USD 16.61 USD 1,410.61 -128,626.14 USD -128,626.14 -1,423.25 USD Contact Information Telephone Number: (212) 250-0432 Page 6 of 8 Account Number: A0102416CSF30019 EFTA01429883 February 1, 2019 - February 28, 2019 3 EPSTEIN VIRGIN ISLANDS Your Account Information (continued) ELECTRONIC DELIVERY Your electronic delivery selections for account communications are listed below: Electronic Delivery Enrollment Communication Statements and Reports Trade Confirmations Tax Documents Notifications Prospectus Proxy/Shareholder Communications You have not enrolled any of the above documents for electronic delivery. Please log in to your account to make any changes to your preferences. Important Information and Disclosures The Role of Pershing Pershing carries your account as clearing broker pursuant to a clearing agreement with your financial institution. Pershing may accept from your financial institution without inquiry or investigation (i) orders for the purchase and sale of securities and other property and (ii) any other instructions concerning your account. Pershing is not responsible or liable for any acts or omissions of your financial institution or its employees and it does not supervise them. Pershing provides no investment advice nor does it assess the suitability of any transaction or order. Pershing acts as the agent of your financial institution and you agree that you will not hold Pershing or any person controlling or under common control with it liable for any investment losses incurred by you. Pershing performs several key functions at the direction of your financial institution. It acts as custodian for funds and securities you may deposit with it directly or through your financial institution or that it receives as the result of securities transactions it processes. Your financial institution is responsible for adherence to the securities laws, regulations and rules which apply to it regarding its own operations and the supervision of your account, its sales representatives and other personnel. Your financial institution is also responsible for approving the opening of accounts and obtaining account documents; the acceptance and, in certain instances, execution of securities orders; the EFTA01429884 assessment of the suitability of those transactions, where applicable; the rendering of investment advice, if any, to you and in general, for the ongoing relationship that it has with you. Inquiries concerning the positions and balances in your account may be directed to the Pershing Customer Service Department at (201) 413-3333. All other inquiries regarding your account or activity should be directed to your financial institution. Your financial organization's contact information can be found on the first page of this statement. For a description of other functions performed by Pershing please consult the Disclosure Statement provided to you upon the opening of your account. This notice is not meant as a definitive enumeration of every possible circumstance, but as a general disclosure. If you have any questions regarding this notice or if you would like additional copies of the Disclosure Statement, please contact your financial institution. Pershing is a member of the Securities Investor Protection Corporation (SIPC®). Please note that SIPC does not protect against loss due to market fluctuation. In addition to SIPC protection, Pershing provides coverage in excess of SIPC limits. For more detailed information please visit: www.pershing.com/about/strength-and- stability. This statement will be deemed conclusive. You are advised to report any inaccuracy or discrepancy (including unauthorized trading) promptly, but no later than ten days after receipt of this statement, to your financial organization and Pershing. Please be advised that any oral communication should be re-confirmed in writing to further protect your rights, including your rights under the Securities Investor Protection Act. Your financial organization's contact information can be found on the first page of this statement. Pershing's contact information is as follows: Pershing LLC, Legal Department, Page 7 of 8 Account Number: A0102416CSF3001 EFTA01429885 Important Information and Disclosures (continued) The Role of Pershing (continued) One Pershing Plaza, Jersey City, New Jersey 07399; (201) 413-3330. Errors and Omissions excepted. Important Arbitration Disclosures All parties to this agreement are giving up the right to sue each other in court, including the right to a trial by jury, except as provided by the rules of the arbitration forum in which a claim is filed. Arbitration awards are generally final and binding; a party's ability to have a court reverse or modify an arbitration award is very limited. The ability of the parties to obtain documents, witness statements and other discovery is generally more limited in arbitration than in court proceedings. The arbitrators do not have to explain the reason(s) for their award, unless, in an eligible case, a joint request for an explained decision has been submitted by all parties to the panel at least 20 days prior to the first scheduled hearing date. The panel of arbitrators will typically include a minority of arbitrators who were or are affiliated with the securities industry. The rules of some arbitration forums may impose time limits for bringing a claim in arbitration. In some cases, a claim that is ineligible for arbitration may be brought in court. The rules of the arbitration forum in which the claim is filed, and any amendments thereto, shall be incorporated into this agreement. Important Arbitration Agreement Any controversy between you and Pershing LLC shall be submitted to arbitration before the Financial Industry Regulatory Authority. No person shall bring a putative or certified class action to arbitration, nor seek to enforce any predispute arbitration agreement against any person who has initiated in court a putative class action, who is a member of a putative class who has not opted out of the class with respect to any claims encompassed by the putative class action until; (I) the class certification is denied; (II) the class is decertified; or (III) the client is excluded from the class by the court. Such forbearance to enforce an agreement to arbitrate shall not constitute a waiver of any rights under this agreement except to the extent stated herein. The laws of the State of New York govern. Pershing's contact information is as follows: Pershing LLC, Legal Department, One Pershing Plaza, Jersey City, New Jersey 07399; (201) 413-3330. Page 8 of 8 Account Number: A0102416CSF30019 EFTA01429886 EFTA01429887 3 EPSTEIN VIRGIN ISLANDS FOUNDATION INC January 1, 2019 - 1, 2019 Account Number: 6100 RED HOOK QUARTER B3 ST THOMAS VI 00802 Portfolio at a Glance This Period Your Investment Specialist: MARTIN ZEMAN (212) 250-0432 Commission Amount: $96.00 BEGINNING ACCOUNT VALUE Net Cash Deposits and Withdrawals Adjusted Previous Account Value Dividends, Interest and Other Income Net Change in Portfoliol ENDING ACCOUNT VALUE Estimated Annual Income $258,652.79 -120,000.00 138,652.79 716.20 -12,184.54 $127,184.45 $2,959.00 Year-to-Date $258,652.79 -120,000.00 138,652.79 716.20 -12,184.54 $127,184.45 1 Net Change in Portfolio is the difference between the ending account value and beginning account value after activity. Percent 1% 99% 100% Asset Summary Asset Type Cash, Money Funds, and Bank Deposits Equities Account Total Please review your allocation periodically with your Investment Specialist. Summary of Gains and Losses Realized Long-Term Gain/Loss Net Gain/Loss EFTA01429888 This summary excludes transactions where cost basis information is not available. Page 1 of 8 A0100617CSF30020 This Period -46,765.25 -46,765.25 Year-to-Date -46,765.25 -46,765.25 Unrealized -19,281.15 -19,281.15 Prior Year-End 6,810.54 251,842.25 $258,652.79 Last Period 6,810.54 251,842.25 $258,652.79 This Period 1,423.25 125,761.20 $127,184.45 EFTA01429889 For Your Information The European Central Bank (the "ECB") and other credit institutions introduced "negative interest rates". Negative interest expense may be charged to your account if you have a deposit of foreign currency. The interest will be reported on your Forms 1099 and/or 1042 S. These rates are subject to change in response to market changes, and we may, in the future and based on our normal interest rate setting arrangements, begin to charge negative interest rates on additional foreign currency balances. Date Money Market Fund Detail Activity Type Sweep Money Market Fund CASH AC TR DWS GOVT & AG INSTL Current Yield: 2.30% Activity Ending: 01/31/19 01/01/19 01/11/19 01/15/19 01/29/19 01/31/19 01/31/19 Opening Balance Deposit Deposit Withdrawal Deposit Closing Balance Total All Money Market Funds Income and Expense Summary Current Period Taxable Dividend Income Equities Money Market Total Dividends, Interest, Income and Expenses 602.80 113.40 $716.20 Non Taxable 0.00 0.00 $0.00 Taxable 602.80 113.40 $716.20 Year-to-Date Non Taxable 0.00 0.00 $0.00 EFTA01429890 MONEY FUND PURCHASE MONEY FUND PURCHASE MONEY FUND REDEMPTION INCOME REINVEST Description Amount Balance 6,810.54 602.80 6,810.54 7,413.34 113,896.51 -120,000.00 113.40 121,309.85 1,309.85 1,423.25 $1,423.25 $1,423.25 Portfolio Holdings Opening Date CASH AC TR DWS GOVT & AG INSTL 01/01/19 Total Money Market TOTAL CASH, MONEY FUNDS, AND BANK DEPOSITS Quantity Account Number Activity Ending CASH, MONEY FUNDS, AND BANK DEPOSITS 1.00% of Portfolio Money Market 1,423.250 N/A 01/31/19 6,810.54 $6,810.54 $6,810.54 1,423.25 $1,423.25 $1,423.25 0.00 $0.00 $0.00 113.40 $113.40 $113.40 Page 2 of 8 Account Number: A0100617CSF30020 2.30% 2.30% EFTA01429891 Opening Balance Closing Balance Accrued Income Income This Year 30-Day Yield Current Yield EFTA01429892 January 1, 2019 - January 31, 2019 J EPSTEIN VIRGIN ISLANDS Portfolio Holdings (continued) Date Acquired Quantity EQUITIES 99.00% of Portfolio Common Stocks BRISTOL MYERS SQUIBB CO COM Dividend Option: Cash 10/30/15 DISNEY WALT CO DISNEY COM Dividend Option: Cash 10/30/15 Total Common Stocks TOTAL EQUITIES Total Portfolio Holdings 685.000 114.0150 78,099.95 $145,042.35 $145,042.35 Cost Basis $146,465.60 1,000.000 66.9420 Security Identifier: BMY CUSIP: 110122108 66,942.40 49.3700 Security Identifier: DIS CUSIP: 254687106 111.5200 76,391.20 $125,761.20 $125,761.20 Market Value $127,184.45 -1,708.75 -$19,281.15 -$19,281.15 Unrealized Gain/Loss -$19,281.15 Accrued Interest $0.00 1,205.60 1 57% $2,845.60 $2,845.60 Estimated Annual Income EFTA01429893 $2,959.00 Generally, securities acquired before 2011, in retirement accounts or held by Non-U.S. entities are not subject to the cost basis reporting rules set forth in the Internal Revenue Code of 1986, as amended by the Emergency Economic Stabilization Act of 2008, and are marked as "noncovered". Securities marked as "covered", were identified as securities potentially subject to the cost basis reporting rules and may be reported to the IRS on form 1099-B for the applicable tax year in which the securities are disposed. Note: In the event where we cannot easily determine the taxability of an account, we may mark the account as noncovered. However, if the account does not receive a 10998, the cost basis will not be reported to the IRS. Portfolio Holdings Disclosures Pricing This section includes the net market value of the securities in your account on a settlement date basis, including short positions, at the close of the statement period. The market prices, unless otherwise noted, have been obtained from independent vendor services, which we believe to be reliable. Market prices do not constitute a bid or an offer, and may differ from the actual sale price. Securities for which a price is not available are marked "N/A" and are omitted from the Total. THE AS OF PRICE DATE ONLY APPEARS WHEN THE PRICE DATE DOES NOT EQUAL THE STATEMENT DATE. Estimated Annual Figures The estimated annual income (EAI) and estimated annual yield (EAY) figures are estimates and for informational purposes only. These figures are not considered to be a forecast or guarantee of future results. These figures are computed using information from providers believed to be reliable; however, no assurance can be made as to the accuracy. Since interest Page 3 of 8 Account Number: A0100617CSF30020 49,370.00 -17,572.40 1,640.00 3.32% Unit Cost Cost Basis Market Price Market Value Unrealized Gain/Loss Annual Income Estimated Yield Estimated EFTA01429894 Portfolio Holdings Disclosures (continued) Estimated Annual Figures (continued) and dividend rates are subject to change at any time, and may be affected by current and future economic, political, and business conditions, they should not be relied on for making investment, trading, or tax decisions. These figures assume that the position quantities, interest and dividend rates, and prices remain constant. A capital gain or return of principal may be included in the figures for certain securities, thereby overstating them. Refer to www.pershing.com/disclosures for specific details as to formulas used to calculate the figures. Accrued interest represents interest earned but not yet received. Reinvestment The dollar amount of Mutual Fund distributions, Money Market Fund dividend income, Bank Deposit interest income, or dividends for other securities shown on your statement may have been reinvested. You will not receive confirmation of these reinvestments. Upon written request to your financial institution, information pertaining to these transactions, including the time of execution and the name of the person from whom your security was purchased, may be obtained. In dividend reinvestment transactions, Pershing acts as your agent and receives payment for order flow. Option Disclosure Information with respect to commissions and other charges incurred in connection with the execution of option transactions has been included in confirmations previously furnished to you. A summary of this information is available to you promptly upon your written request directed to your introducing firm. In order to assist your introducing firm in maintaining current background and financial information concerning your option accounts, please promptly advise them in writing of any material change in your investment objectives or financial situation. Expiring options which are valuable are exercised automatically pursuant to the exercise by exception procedure of the Options Clearing Corporation. Additional information regarding this procedure is available upon written request to your introducing firm. Foreign Currency Transactions Pershing will execute foreign currency transactions as principal for your account. Pershing may automatically convert foreign currency to or from U.S. dollars for dividends and similar corporate action transactions unless you instruct your financial organization otherwise. Pershing's currency conversion rate will not exceed the highest interbank conversion rate identified from customary banking sources on the conversion date or the prior business day, increased by up to 1%, unless a particular rate is required by applicable law. Your financial organization may also increase the currency conversion rate. This conversion rate may differ from rates in effect on the date you executed a transaction, incurred a charge, or EFTA01429895 received a credit. Transactions converted by agents (such as depositories) will be billed at the rates such agents use. Proxy Vote Securities not fully paid for in your margin account may be lent by Pershing to itself or others in accordance with the terms outlined in the Margin Agreement. The right to vote your shares held on margin may be reduced by the amount of shares on loan. The Proxy Voting Instruction Form sent to you may reflect a smaller number of shares entitled to vote than the number of shares in your margin account. Schedule of Realized Gains and Losses Current Period Description Date Disposed Long Term BRISTOL MYERS SQUIBB Security Identifier: 110122108 Total Long Term Total Short and Long Term 01/11/19 10/30/15 Covered First In First Out / SELL 2,400.000 113,896.51 113,896.51 113,896.51 160,661.76 160,661.76 160,661.76 -46,765.25 -46,765.25 -46,765.25 Date Acquired Designation Disposition Method / Transaction Quantity Proceeds Cost Basis Realized Gain/Loss Page 4 of 8 Account Number: A0100617CSF3002• EFTA01429896 January 1, 2019 - January 31, 2019 .7 EPSTEIN VIRGIN ISLANDS Schedule of Realized Gains and Losses Current Period (continued) Generally, securities acquired before 2011, in retirement accounts or held by Non-U.S. entities are not subject to the cost basis reporting rules set forth in the Internal Revenue Code of 1986, as amended by the Emergency Economic Stabilization Act of 2008, and are marked as "noncovered". Securities marked as "covered", were identified as securities potentially subject to the cost basis reporting rules and may be reported to the IRS on form 1099-B for the applicable tax year in which the securities are disposed. Note: In the event where we cannot easily determine the taxability of an account, we may mark the account as noncovered. However, if the account does not receive a 10996, the cost basis will not be reported to the IRS. This Schedule may not reflect all cost basis adjustments necessary for tax reporting purposes, especially for noncovered securities. Adjustments to cost basis may have been made for prior income received and subsequently reclassified by the issuer as a return of capital. In addition, corporate action events may require adjustments to your original cost basis. Return of capital information and cost basis information, as it relates to corporate actions, has been obtained from sources we believe to be reliable. Adjustments to cost basis can be made after year-end, in particular, for return of capital adjustments, but may also include adjustments for corporate action events. Therefore there may be differences in cost basis reflected on your monthly client brokerage statement at year end versus any subsequent reports, including your 1099-B or online displays you may have available to you. When you report your cost basis on your tax return, it should be verified using all of your own records. In particular, there may be other adjustments which you need to make, but are not required to be made by Pershing as it relates to H.R. 1424. You should consult with your tax advisor in order to properly report your gain or loss for tax purposes. Pershing shall not be responsible for and makes no representations or warranties with respect to the accuracy of any information that you report to the IRS or other taxing authorities, and, accordingly, disclaims any and all liability that may arise with respect to your use and reliance on the information provided herein for such reporting. Please refer to the Your Account Information Section in your brokerage account statement for your account's existing tax-lot disposition method. The disposition method is the method which you have selected to use in the disposal of each tax lot of the securities held in your account. If you do not select a method, your account will be defaulted to First In, First Out (FIFO). Your account's selected tax lot method will be used to determine the cost basis for calculating gain and/or loss, unless another method was selected at the time of the security disposal, and this may be reported on the IRS Form 1099-B. EFTA01429897 Messages Important Reminder for Pershing's 2018 IRS Form 1099 (B, DIV, INT, MISC and DID): As a reminder, by February 15, 2019, you will be mailed either your Form 1099 or a special Pending 1099 Notice. The Pending 1099 Notice will be sent if we have not received and processed final information from issuers and trustees of securities you hold by the as of date of the February 15 1099 mailing. You will also be sent the notice if your information is still being reviewed and finalized. The notice will inform you of the securities that are pending final reporting and provides the anticipated mail date of your 1099. Your 1099 will be mailed no later than March 15, 2019. Although a money market mutual fund seeks to preserve the value of your investment at $1 per share, it is possible to lose money by investing in a money market mutual fund. Shares of a money market mutual fund or the balance of a bank deposit product held in your brokerage account may be liquidated upon request with the proceeds credited to your brokerage account. Please see the money market mutual fund's prospectus or the bank deposit product's disclosure document or contact your advisor for additional information. Pursuant to SEC Rule 10b-10(b)(1) confirmations are not sent for purchases into money market mutual funds processed on the sweep platform. Page 5 of 8 Account Number: A0100617CSF3002• EFTA01429898 Activity Summary (All amounts shown are in base currency) Credits This Period Securities Securities Sold Total Securities Dividends and Interest Cash Withdrawals Total Cash Totals Process/ Settlement Date Transactions by Type of Activity Trade/ Transaction Date Activity Type Securities Bought and Sold 01/15/19 01/11/19 SOLD BMY Total Securities Bought and Sold - U.S. DOLLARS Dividends and Interest 01/10/19 01/31/19 CASH DIVIDEND RECEIVED DIS MONEY MARKET FUND INCOME RECEIVED PER232045 Total Dividends and Interest - U.S. DOLLARS Cash Withdrawals and Deposits 01/29/19 FEDERAL FUNDS SENT USD999997 Total Value of Transactions The price and quantity displayed may have been rounded. FIRSTBANK PUERTO RIC Total Cash Withdrawals and Deposits U.S. DOLLARS 0.00 0.00 685 SHRS DISNEY WALT CO DISNEY COM RD 12/10 PD 01/10/19 CASH AC TR DWS GOVT 0.00 Description BRISTOL MYERS SQUIBB CO COM UNSOLICITED ORDER Quantity -2,400.000 Price 47.5000 0.00 EFTA01429899 Accrued Interest Amount Currency 113,896.51 USD 113,896.51 602.80 USD 113.40 USD 716.20 -120,000.00 USD -120,000.00 -5,387.29 USD 113,896.51 $113,896.51 $716.20 0.00 $0.00 $114,612.71 Debits This Period Net This Period 0.00 $0.00 $0.00 -120,000.00 -$120,000.00 -$120,000.00 113,896.51 $113,896.51 $716.20 -120,000.00 -$120,000.00 -$5,387.29 Credits Year-to-Date 113,896.51 $113,896.51 $716.20 0.00 $0.00 $114,612.71 Debits Year-to-Date 0.00 $0.00 $0.00 -120,000.00 -$120,000.00 -$120,000.00 Net Year-to-Date 113,896.51 $113,896.51 $716.20 -120,000.00 -$120,000.00 -$5,387.29 EFTA01429900 Page 6 of 8 Account Number: A0100617CSF30020 EFTA01429901 January 1, 2019 - January 31, 2019 .7 EPSTEIN VIRGIN ISLANDS Client Service Information Your Investment Specialist: ZEM MARTIN ZEMAN 345 PARK AVENUE NEW YORK NY 10154 Your Account Information TAX LOT DEFAULT DISPOSITION METHOD Default Method for Mutual Funds: Default Method for Stocks in a Dividend Reinvestment Plan: Default Method for all Other Securities: BOND AMORTIZATION ELECTIONS First In First Out First In First Out First In First Out Amortize premium on taxable bonds based on Constant Yield Method: Yes Accrual market discount method for all other bond types: Include market discount in income annually: ELECTRONIC DELIVERY Your electronic delivery selections for account communications are listed below: Electronic Delivery Enrollment Communication Statements and Reports Trade Confirmations Tax Documents Notifications Prospectus Proxy/Shareholder Communications You have not enrolled any of the above documents for electronic delivery. Please log in to your account to make any changes to your preferences. Constant Yield Method No Contact Information Telephone Number: (212) 250-0432 Page 7 of 8 Account Number: A0100617CSF30020 EFTA01429902 Important Information and Disclosures The Role of Pershing • Pershing carries your account as clearing broker pursuant to a clearing agreement with your financial institution. Pershing may accept from your financial institution without inquiry or investigation (i) orders for the purchase and sale of securities and other property and (ii) any other instructions concerning your account. Pershing is not responsible or liable for any acts or omissions of your financial institution or its employees and it does not supervise them. Pershing provides no investment advice nor does it assess the suitability of any transaction or order. Pershing acts as the agent of your financial institution and you agree that you will not hold Pershing or any person controlling or under common control with it liable for any investment losses incurred by you. Pershing performs several key functions at the direction of your financial institution. It acts as custodian for funds and securities you may deposit with it directly or through your financial institution or that it receives as the result of securities transactions it processes. Your financial institution is responsible for adherence to the securities laws, regulations and rules which apply to it regarding its own operations and the supervision of your account, its sales representatives and other personnel. Your financial institution is also responsible for approving the opening of accounts and obtaining account documents; the acceptance and, in certain instances, execution of securities orders; the assessment of the suitability of those transactions, where applicable; the rendering of investment advice, if any, to you and in general, for the ongoing relationship that it has with you. Inquiries concerning the positions and balances in your account may be directed to the Pershing Customer Service Department at (201) 413-3333. All other inquiries regarding your account or activity should be directed to your financial institution. Your financial organization's contact information can be found on the first page of this statement. For a description of other functions performed by Pershing please consult the Disclosure Statement provided to you upon the opening of your account. This notice is not meant as a definitive enumeration of every possible circumstance, but as a general disclosure. If you have any questions regarding this notice or if you would like additional copies of the EFTA01429903 Disclosure Statement, please contact your financial institution. Pershing is a member of the Securities Investor Protection Corporation (SIPC®). Please note that SIPC does not protect against loss due to market fluctuation. In addition to SIPC protection, Pershing provides coverage in excess of SIPC limits. For more detailed information please visit: www.pershing.com/about/strength-and- stability. This statement will be deemed conclusive. You are advised to report any inaccuracy or discrepancy (including unauthorized trading) promptly, but no later than ten days after receipt of this statement, to your financial organization and Pershing. Please be advised that any oral communication should be re-confirmed in writing to further protect your rights, including your rights under the Securities Investor Protection Act. Your financial organization's contact information can be found on the first page of this statement. Pershing's contact information is as follows: Pershing LLC, Legal Department, One Pershing Plaza, Jersey City, New Jersey 07399; (201) 413-3330. Errors and Omissions excepted. Important Arbitration Disclosures All parties to this agreement are giving up the right to sue each other in court, including the right to a trial by jury, except as provided by the rules of the arbitration forum in which a claim is filed. Arbitration awards are generally final and binding; a party's ability to have a court reverse or modify an arbitration award is very limited. The ability of the parties to obtain documents, witness statements and other discovery is generally more limited in arbitration than in court proceedings. The arbitrators do not have to explain the reason(s) for their award, unless, in an eligible case, a joint request for an explained decision has been submitted by all parties to the panel at least 20 days prior to the first scheduled hearing date. The panel of arbitrators will typically include a minority of arbitrators who were or are affiliated with the securities industry. The rules of some arbitration forums may impose time limits for bringing a claim in arbitration. In some cases, a claim that is ineligible for arbitration may be brought in court. The rules of the arbitration forum in which the claim is filed, and any amendments thereto, shall be incorporated into this agreement. Important Arbitration Agreement Any controversy between you and Pershing LLC shall be submitted to arbitration before the Financial Industry Regulatory Authority. No person shall bring a putative or certified class action to arbitration, nor seek to enforce any predispute arbitration EFTA01429904 agreement against any person who has initiated in court a putative class action, who is a member of a putative class who has not opted out of the class with respect to any claims encompassed by the putative class action until; (I) the class certification is denied; (II) the class is decertified; or (III) the client is excluded from the class by the court. Such forbearance to enforce an agreement to arbitrate shall not constitute a waiver of any rights under this agreement except to the extent stated herein. The laws of the State of New York govern. Pershing's contact information is as follows: Pershing LLC, Legal Department, One Pershing Plaza, Jersey City, New Jersey 07399; (201) 413-3330. Page 8 of 8 Account Number: A0100617CSF30020 EFTA01429905 3 EPSTEIN VIRGIN ISLANDS FOUNDATION INC December 1, 2018 31, 2018 Account Number: 6100 RED HOOK QUARTER B3 ST THOMAS VI 00802 Portfolio at a Glance This Period Your Investment Specialist: MARTIN ZEMAN (212) 250-0432 Commission Amount: $164.00 BEGINNING ACCOUNT VALUE Net Cash Deposits and Withdrawals Adjusted Previous Account Value Dividends, Interest and Other Income Net Change in Portfoliol ENDING ACCOUNT VALUE Estimated Annual Income $274,487.04 -6,821.40 267,665.64 19.55 -9,032.40 $258,652.79 $7,022.51 Year-to-Date $585,636.85 -301,821.40 283,815.45 8,996.31 -34,158.97 $258,652.79 1 Net Change in Portfolio is the difference between the ending account value and beginning account value after activity. Asset Summary Percent 3% 97% 100% Asset Type Cash, Money Funds, and Bank Deposits Equities Account Total (Pie Chart) Please review your allocation periodically with your Investment Specialist. Prior Year-End 10,461.85 575,175.00 $585,636.85 EFTA01429906 Last Period 13,612.39 260,874.65 $274,487.04 This Period 6,810.54 251,842.25 $258,652.79 Page 1 of 8 A0101264CSF30026 EFTA01429907 Summary of Gains and Losses Realized Long-Term Gain/Loss Net Gain/Loss This summary excludes transactions where cost basis information is not available. For Your Information The European Central Bank (the "ECB") and other credit institutions introduced "negative interest rates". Negative interest expense may be charged to your account if you have a deposit of foreign currency. The interest will be reported on your Forms 1099 and/or 1042 S. These rates are subject to change in response to market changes, and we may, in the future and based on our normal interest rate setting arrangements, begin to charge negative interest rates on additional foreign currency balances. Date Money Market Fund Detail Activity Type Sweep Money Market Fund CASH AC TR DWS GOVT & AG INSTL Current Yield: 2.26% Activity Ending: 12/31/18 12/01/18 12/18/18 12/31/18 12/31/18 Opening Balance Withdrawal Deposit Closing Balance Total All Money Market Funds Income and Expense Summary Current Period Taxable Dividend Income Equities Money Market Total Dividends, Interest, Income and Expenses 0.00 19.55 $19.55 Non Taxable 0.00 0.00 $0.00 Taxable 8,755.40 240.91 $8,996.31 Year-to-Date Non Taxable 0.00 EFTA01429908 0.00 $0.00 MONEY FUND REDEMPTION INCOME REINVEST This Period 0.00 0.00 Year-to-Date -24,870.41 -24,870.41 Unrealized -53,861.86 -53,861.86 Description Amount Balance 13,612.39 -6,821.40 19.55 13,612.39 6,790.99 6,810.54 $6,810.54 $6,810.54 Page 2 of 8 Account Number: A0101264CSF30026 EFTA01429909 December 1, 2018 - December 31, 2018 3 EPSTEIN VIRGIN ISLANDS Portfolio Holdings Opening Date CASH AC TR DWS GOVT & AG INSTL 12/01/18 Total Money Market TOTAL CASH, MONEY FUNDS, AND BANK DEPOSITS Date Acquired Quantity EQUITIES 97.00% of Portfolio Common Stocks BRISTOL MYERS SQUIBB CO COM Dividend Option: Cash 10/30/15 DISNEY WALT CO DISNEY COM Dividend Option: Cash 10/30/15 Total Common Stocks TOTAL EQUITIES TOTAL PORTFOLIO HOLDINGS 685.000 114.0150 78,099.95 $305,704.11 $305,704.11 Cost Basis $312,514.65 3,400.000 66.9420 Security Identifier: BMY CUSIP: 110122108 227,604.16 51.9800 Security Identifier: DIS CUSIP: 254687106 109.6500 75,110.25 $251,842.25 $251,842.25 Market Value $258,652.79 -2,989.70 -$53,861.86 -$53,861.86 Unrealized Gain/Loss -$53,861.86 Accrued Interest $0.00 EFTA01429910 1,205.60 1.60% $6,781.60 $6,781.60 Estimated Annual Income $7,022.51 Generally, securities acquired before 2011, in retirement accounts or held by Non-U.S. entities are not subject to the cost basis reporting rules set forth in the Internal Revenue Code of 1986, as amended by the Emergency Economic Stabilization Act of 2008, and are marked as "noncovered". Securities marked as "covered", were identified as securities potentially subject to the cost basis reporting rules and may be reported to the IRS on form 1099-B for the applicable tax year in which the securities are disposed. Note: In the event where we cannot easily determine the taxability of an account, we may mark the account as noncovered. However, if the account does not receive a 1099B, the cost basis will not be reported to the IRS. 176,732.00 -50,872.16 5,576.00 3.15% Unit Cost Cost Basis Quantity Account Number Activity Ending CASH, MONEY FUNDS, AND BANK DEPOSITS 3.00% of Portfolio Money Market 6,810.540 N/A 12/31/18 13,612.39 $13,612.39 $13,612.39 Market Price 6,810.54 $6,810.54 $6,810.54 Market Value 0.00 $0.00 $0.00 Unrealized Gain/Loss 240.91 $240.91 $240.91 Estimated Annual Income EFTA01429911 Estimated Yield 2.19% 2.26% Opening Balance Closing Balance Accrued Income Income This Year 30-Day Yield Current Yield Page 3 of 8 Account Number: A0101264CSF30026 EFTA01429912 Portfolio Holdings Disclosures Pricing This section includes the net market value of the securities in your account on a settlement date basis, including short positions, at the close of the statement period. The market prices, unless otherwise noted, have been obtained from independent vendor services, which we believe to be reliable. Market prices do not constitute a bid or an offer, and may differ from the actual sale price. Securities for which a price is not available are marked "N/A" and are omitted from the Total. THE AS OF PRICE DATE ONLY APPEARS WHEN THE PRICE DATE DOES NOT EQUAL THE STATEMENT DATE. Estimated Annual Figures The estimated annual income (EAI) and estimated annual yield (EAY) figures are estimates and for informational purposes only. These figures are not considered to be a forecast or guarantee of future results. These figures are computed using information from providers believed to be reliable; however, no assurance can be made as to the accuracy. Since interest and dividend rates are subject to change at any time, and may be affected by current and future economic, political, and business conditions, they should not be relied on for making investment, trading, or tax decisions. These figures assume that the position quantities, interest and dividend rates, and prices remain constant. A capital gain or return of principal may be included in the figures for certain securities, thereby overstating them. Refer to www.pershing.com/disclosures for specific details as to formulas used to calculate the figures. Accrued interest represents interest earned but not yet received. Reinvestment The dollar amount of Mutual Fund distributions, Money Market Fund dividend income, Bank Deposit interest income, or dividends for other securities shown on your statement may have been reinvested. You will not receive confirmation of these reinvestments. Upon written request to your financial institution, information pertaining to these transactions, including the time of execution and the name of the person from whom your security was purchased, may be obtained. In dividend reinvestment transactions, Pershing acts as your agent and receives payment for order flow. Option Disclosure Information with respect to commissions and other charges incurred in connection with the execution of option transactions has been included in confirmations previously furnished to you. A summary of this information is available to you promptly upon your written request directed to your introducing firm. In order to assist your introducing firm in maintaining current background and financial information concerning your option accounts, please promptly advise them in writing of any material change in your investment objectives or financial situation. Expiring options which are valuable are exercised EFTA01429913 automatically pursuant to the exercise by exception procedure of the Options Clearing Corporation. Additional information regarding this procedure is available upon written request to your introducing firm. Foreign Currency Transactions Pershing will execute foreign currency transactions as principal for your account. Pershing may automatically convert foreign currency to or from U.S. dollars for dividends and similar corporate action transactions unless you instruct your financial organization otherwise. Pershing's currency conversion rate will not exceed the highest interbank conversion rate identified from customary banking sources on the conversion date or the prior business day, increased by up to 1%, unless a particular rate is required by applicable law. Your financial organization may also increase the currency conversion rate. This conversion rate may differ from rates in effect on the date you executed a transaction, incurred a charge, or received a credit. Transactions converted by agents (such as depositories) will be billed at the rates such agents use. Proxy Vote Securities not fully paid for in your margin account may be lent by Pershing to itself or others in accordance with the terms outlined in the Margin Agreement. The right to vote your shares held on margin may be reduced by the amount of shares on loan. The Proxy Voting Instruction Form sent to you may reflect a smaller number of shares entitled to vote than the number of shares in your margin account. Messages Please note the following information for Pershing's 2018 IRS Form 1099 (B, DIV, INT, MISC and OID): Your Form 1099 will be delivered as early as possible, beginning January 31, 2019. By February 15, you will be mailed either your Form 1099 or a special Pending 1099 Notice. The Pending 1099 Notice will be sent if we have not received and processed final information from issuers and trustees of securities that you hold by the as of date of the February 15 1099 mailing. You will also be sent the notice if your information is still being reviewed and finalized. The notice will inform you of the securities that are pending final reporting and provides the anticipated mail date of your 1099. Your 1099 will be mailed no Page 4 of 8 Account Number: A0101264CSF30026 EFTA01429914 December 1, 2018 - December 31, 2018 3 EPSTEIN VIRGIN ISLANDS Messages (continued) later than March 15, 2019. Although a money market mutual fund seeks to preserve the value of your investment at $1 per share, it is possible to lose money by investing in a money market mutual fund. Shares of a money market mutual fund or the balance of a bank deposit product held in your brokerage account may be liquidated upon request with the proceeds credited to your brokerage account. Please see the money market mutual fund's prospectus or the bank deposit product's disclosure document or contact your advisor for additional information. Pursuant to SEC Rule 10b-10(b)(1) confirmations are not sent for purchases into money market mutual funds processed on the sweep platform. Activity Summary (All amounts shown are in base currency) Credits This Period Securities Securities Sold Total Securities Dividends and Interest Cash Withdrawals Total Cash Totals Transactions by Type of Activity Process/ Settlement Date Activity Type Dividends and Interest 12/31/18 MONEY MARKET FUND INCOME RECEIVED PER232045 Total Dividends and Interest - U.S. DOLLARS Cash Withdrawals and Deposits 12/18/18 FEDERAL FUNDS SENT USD999997 3PMORGAN CHASE BANK, Total Cash Withdrawals and Deposits - U.S. DOLLARS 0.00 Description CASH AC TR DWS GOVT 0.00 Quantity Price Accrued Interest Amount Currency 19.55 USD EFTA01429915 19.55 -6,821.40 USD -6,821.40 Page 5 of 8 Account Number: A0101264CSF30026 0.00 $0.00 $19.55 0.00 $0.00 $19.55 Debits This Period Net This Period 0.00 $0.00 $0.00 -6,821.40 -$6,821.40 -$6,821.40 0.00 $0.00 $19.55 -6,821.40 -$6,821.40 -$6,801.85 Credits Year-to-Date 289,173.78 $289,173.78 $8,996.31 0.00 $0.00 $298,170.09 Debits Year-to-Date 0.00 $0.00 $0.00 -301,821.40 -$301,821.40 -$301,821.40 Net Year-to-Date 289,173.78 $289,173.78 $8,996.31 -301,821.40 -$301,821.40 -$3,651.31 EFTA01429916 Transactions by Type of Activity (continued) Process/ Settlement Date Activity Type Total Value of Transactions The price and quantity displayed may have been rounded. Client Service Information Your Investment Specialist: ZEM MARTIN ZEMAN 345 PARK AVENUE NEW YORK NY 10154 Your Account Information TAX LOT DEFAULT DISPOSITION METHOD Default Method for Mutual Funds: Default Method for Stocks in a Dividend Reinvestment Plan: Default Method for all Other Securities: BOND AMORTIZATION ELECTIONS First In First Out First In First Out First In First Out Amortize premium on taxable bonds based on Constant Yield Method: Yes Accrual market discount method for all other bond types: Include market discount in income annually: ELECTRONIC DELIVERY You have not selected any account communications for electronic delivery. To register and turn off paper communications, log in to your account or contact your Investment Specialist for more information. Important Information and Disclosures The Role of Pershing • Pershing carries your account as clearing broker pursuant to a clearing agreement with your financial institution. Pershing may accept from your financial institution without inquiry or investigation (i) orders for the purchase and sale of securities and other property and (ii) any other instructions concerning your account. Pershing is not responsible or liable for any acts or omissions of your financial institution or its employees and it does not supervise them. Pershing provides no investment advice nor does it assess the suitability of any transaction or order. Pershing acts as the agent of your financial institution and you agree that you will not hold Pershing or any person controlling or under common control with it liable for any investment losses incurred by you. • • Pershing performs several key functions at the direction of your financial institution. It acts as custodian for funds and securities you may deposit with it directly or through your EFTA01429917 financial institution or that it receives as the result of securities transactions it processes. Your financial institution is responsible for adherence to the securities laws, regulations and rules which apply to it regarding its own operations and the supervision of your account, its sales representatives and other personnel. Your financial institution is also responsible for approving the opening of accounts and obtaining account documents; the acceptance and, in certain instances, execution of securities orders; the assessment of the suitability of those transactions, where applicable; the rendering of investment advice, Page 6 of 8 Account Number: A0101264CSF30026 Constant Yield Method No Description Quantity Price Accrued Interest 0.00 Amount Currency -6,801.85 USD Contact Information Telephone Number: (212) 250-0432 EFTA01429918 December 1, 2018 - December 31, 2018 .7 EPSTEIN VIRGIN ISLANDS Important Information and Disclosures (continued) The Role of Pershing (continued) if any, to you and in general, for the ongoing relationship that it has with you. Inquiries concerning the positions and balances in your account may be directed to the Pershing Customer Service Department at (201) 413-3333. All other inquiries regarding your account or activity should be directed to your financial institution. Your financial organization's contact information can be found on the first page of this statement. For a description of other functions performed by Pershing please consult the Disclosure Statement provided to you upon the opening of your account. This notice is not meant as a definitive enumeration of every possible circumstance, but as a general disclosure. If you have any questions regarding this notice or if you would like additional copies of the Disclosure Statement, please contact your financial institution. Pershing is a member of the Securities Investor Protection Corporation (SIPC®). Please note that SIPC does not protect against loss due to market fluctuation. In addition to SIPC protection, Pershing provides coverage in excess of SIPC limits. For more detailed information please visit: www.pershing.com/about/strength-and- stability. This statement will be deemed conclusive. You are advised to report any inaccuracy or discrepancy (including unauthorized trading) promptly, but no later than ten days after receipt of this statement, to your financial organization and Pershing. Please be advised that any oral communication should be re-confirmed in writing to further protect your rights, including your rights under the Securities Investor Protection Act. Your financial organization's contact information can be found on the first page of this statement. Pershing's contact information is as follows: Pershing LLC, Legal Department, One Pershing Plaza, Jersey City, New Jersey 07399; (201) 413-3330. Errors and Omissions excepted. Important Arbitration Disclosures All parties to this agreement are giving up the right to sue each other in EFTA01429919 court, including the right to a trial by jury, except as provided by the rules of the arbitration forum in which a claim is filed. Arbitration awards are generally final and binding; a party's ability to have a court reverse or modify an arbitration award is very limited. The ability of the parties to obtain documents, witness statements and other discovery is generally more limited in arbitration than in court proceedings. The arbitrators do not have to explain the reason(s) for their award, unless, in an eligible case, a joint request for an explained decision has been submitted by all parties to the panel at least 20 days prior to the first scheduled hearing date. The panel of arbitrators will typically include a minority of arbitrators who were or are affiliated with the securities industry. The rules of some arbitration forums may impose time limits for bringing a claim in arbitration. In some cases, a claim that is ineligible for arbitration may be brought in court. The rules of the arbitration forum in which the claim is filed, and any amendments thereto, shall be incorporated into this agreement. Important Arbitration Agreement Any controversy between you and Pershing LLC shall be submitted to arbitration before the Financial Industry Regulatory Authority. No person shall bring a putative or certified class action to arbitration, nor seek to enforce any predispute arbitration agreement against any person who has initiated in court a putative class action, who is a member of a putative class who has not opted out of the class with respect to any claims encompassed by the putative class action until; (I) the class certification is denied; (II) the class is decertified; or (III) the client is excluded from the class by the court. Such forbearance to enforce an agreement to arbitrate shall not constitute a waiver of any rights under this agreement except to the extent stated herein. The laws of the State of New York govern. Pershing's contact information is as follows: Pershing LLC, Legal Department, One Pershing Plaza, Jersey City, New Jersey 07399; (201) 413-3330. Page 7 of 8 Account Number: A0101264CSF30026 EFTA01429920 Page 8 of 8 Account Number: A0101264CSF3002 EFTA01429921