EFTA Document EFTA01469993

Account Number: THE HAZE TRUST UAD 02/09/99 JEFFREY EPSTEIN & DARREN K INDYKE TTEES 6100 RED HOOK QUARTER B3 ST THOMAS VI 00802 Statement Period: 07/01/2014 - 07/31/2014 Valuation at a Glance Beginning Account Value Net Cash Deposits and Withdrawals Adjusted Previous Account Value Dividends, Interest and Other Income Total Taxes Withheld Net Change in Portfolio Your Client Advisor: TAZIA SMITH Commission Amount: $4,740.00 Ending Account Value Estimated Annual Income This Period $23,795,798.42 0.00 23,795,798.42 13,204.96 0.00 -195,989.75 $23,613,013.63 $843,865.32 Year-to-Date $22,994,662.95 8,188.19 23,002,851.14 488,485.61 4.40 121,672.48 $23,613,013.63 Asset Allocation USD Cash, Money Funds, and Bank Deposits USD Fixed Income USD Equities Account Total (Pie Chart) Prior Year-End 7,589,036.35 15,405,626.60 0.00 $22,994,662.95 See page 2 of this statement for important information regarding the Asset Allocation section. EFTA01469993 Last Period 9,855,506.19 11,796,232.23 2,144,060.00 $23,795,798.42 9,864,258.28 11,626,025.35 2,122,730.00 This Period % Allocation 41.77% 49.24% 8.99% $23,613,013.63 100.00% Pie Chart allocation only includes products that are of positive value. Page 1 of 12 B0098114CSF30017 EFTA01469994 Asset Allocation Disclosure and Footnotes Fixed Income contains Fixed Income Mutual Funds. Summary of Gains and Losses Short-Term Gain/Loss Long-Term Gain/Loss Net Gain/Loss This summary excludes transactions where cost basis information is not available. Money Market Fund Detail Date Activity Type Sweep Money Market Fund DWS GOVERNMENT CASH INSTL Account Number: 0000001492 Current Yield: 0.03% Activity Ending: 07/31/14 07/01/14 07/28/14 07/31/14 07/31/14 Opening Balance Deposit Deposit Closing Balance Total All Money Market Funds Income and Expense Summary Dividend Income Equities Money Market Other Dividends Interest Income Bond Interest FDIC Insured Bank Deposits Total Dividends, Interest, Income and Expenses Distributions Other Distributions Total Distributions Current Period Taxable 0.00 251.17 7,152.83 5,800.96 0.00 $13,204.96 0.00 $0.00 Year-to-Date Non Taxable 0.00 0.00 0.00 0.00 EFTA01469995 0.00 $0.00 2,699.96 $2,699.96 Taxable 33,945.35 790.27 305,871.72 146,996.02 882.25 $488,485.61 0.00 $0.00 Non Taxable 0.00 0.00 0.00 0.00 0.00 $0.00 16,569.62 $16,569.62 MONEY FUND PURCHASE INCOME REINVEST 9,855,506.19 8,500.92 251.17 9,855,506.19 9,864,007.11 9,864,258.28 $9,864,258.28 $9,864,258.28 Description Amount Balance Realized This Period 76.19 0.00 76.19 Year-to-Date -953.52 2,021.49 1,067.97 Unrealized 120,068.32 -132,577.10 -12,508.78 Page 2 of 12 B0098114CSF30017 Account Number: EFTA01469996 THE HAZE TRUST EFTA01469997 Statement Period: 07/01/2014 - 07/31/2014 Portfolio Holdings Opening Date DWS GOVERNMENT CASH INSTL 07/01/14 Total Money Market FDIC Insured Bank Deposits INSURED DEPOSITS PROGRAM 07/01/14 Total FDIC Insured Bank Deposits Total Cash, Money Funds, and Bank Deposits Date Acquired Quantity GS MTG SECS CORP 2005-5F MTG PASSTHRU CTF CL B1 VAR 5.751% 06/25/35 B/E DTD 05/01/05 S & P Rating B+ Factor: 0.80504403 Effective Date:07/01/14 Current Face Value: 1,207,566.045 12/13/13 *,3,12 1,500,000.000 Total Asset Backed Securities 1,500,000.000 Total Current Face Value: 1,207,566.045 Corporate Bonds PEABODY ENERGY CORP SR NT 7.375% 11/01/16 B/E DTD 10/12/06 MULTIPLE GUARANTORS 1ST CPN DTE 05/01/07 Moody Rating BA3 S & P Rating BB05/10/11 *,12,13 1,200,000.000 Security Identifier: 704549AE4 106.0270 1,272,329.84 107.0000 Original Cost Basis: $1,363,500.00 Page 3 of 12 B0098114CSF30017 Account Number: THE HAZE TRUST 1,284,000.00 11,670.16 22,125.00 88,500.00 6.89% Unit Cost Adjusted Cost Basis Fixed Income 40.00% of Portfolio (In Maturity Date Sequence) 6Asset Backed Securities Security Identifier: 36242D7X5 N4G024943 EFTA01469998 07/31/14 Quantity Account Number Activity Ending Cash, Money Funds, and Bank Deposits 42.00% of Portfolio Money Market 9,864,258.280 0000001492 07/31/14 9,855,506.19 $9,855,506.19 0.00 $0.00 $9,855,506.19 Market Price 9,864,258.28 $9,864,258.28 0.00 $0.00 $9,864,258.28 Market Value 0.00 $0.00 0.00 $0.00 $0.00 Unrealized Gain/Loss 790.27 $790.27 882.25 $882.25 $1,672.52 Accrued Interest Estimated Annual Income Estimated Yield N/A N/A 0.03% 0.03% Opening Balance Closing Balance Accrued Income Income EFTA01469999 This Year 30-Day Yield Current Yield 97.1780 1,173,486.79 96.9440 1,170,662.83 Original Cost Basis: $1,189,588.80 $1,173,486.79 $1,170,662.83 -2,823.96 -$2,823.96 5,788.02 $5,788.02 $0.00 EFTA01470000 Portfolio Holdings (continued) Date Acquired Quantity Unit Cost Fixed Income (continued) Corporate Bonds (continued) IPAYMENT INC GTD SR NT 10.250% 05/15/18 B/E DTD 11/15/11 CALLABLE 05/15/15 @ 105.125 Moody Rating CAA3 S & P Rating CC 10/02/12 *,12,13 500,000.000 91.7360 JPMORGAN CHASE & CO DEP SHS REPSTG 1/10TH PFD SER 1 FIXED TO FLTG RT BD 7.900% 04/29/49 B/E DTD 04/23/08 Moody Rating BA1 S & P Rating BBB 05/10/11 12,13 3,000,000.000 Adjusted Cost Basis Market Price Market Value Security Identifier: 46262EAE5 458,681.88 85.5000 Original Cost Basis: $445,000.00 Security Identifier: 46625HHA1 111.2650 BANK AMER CORP PERP NON COMULATIVE DEP SHS FIXED TO FLOAT 8.125% 04/30/58 B/E DTD 04/30/08 CALLABLE 05/15/18 Moody Rating BA3 S & P Rating BB+ 05/10/11 12,13 Total Corporate Bonds 7,700,000.000 Total Fixed Income 9,200,000.000 Date Acquired Quantity Equities 9.00% of Portfolio Preferred Stocks (Listed by expiration date) CITIGROUP INC DEP SHS REPSTG 1/1000TH PFD SER K 6 875% Dividend Option: Cash 02/03/14 Total Preferred Stocks Total Equities 79,000.000 25.3090 Unit Cost EFTA01470001 Cost Basis Market Price Market Value Unrealized Gain/Loss Estimated Annual Income Estimated Yield $9,632,077.67 3,000,000.000 112.9870 3,337,958.33 110.1250 Original Cost Basis: Security Identifier: 3,389,620.83 110.6940 Original Cost Basis: $8,458,590.88 3,320,820.00 $8,336,070.00 $9,506,732.83 -68,800.83 -$122,520.88 -$125,344.84 51,458.33 $143,652.77 $149,440.79 243,750.00 $620,500.00 $620,500.00 7.34% 3,303,750.00 -34,208.33 59,250.00 237,000.00 7.17% 427,500.00 -31,181.88 10,819.44 51,250.00 11.98% Unrealized Gain/Loss Accrued Interest Annual Income Estimated Yield Estimated Security Identifier: $3,337,958.33 060505DT8 $3,389,620.83 C PRK EFTA01470002 CUSIP: 172967341 1,999,418.90 $1,999,418.90 $1,999,418.90 26.8700 2,122,730.00 $2,122,730.00 $2,122,730.00 123,311.10 $123,311.10 $123,311.10 135,781.25 $135,781.25 $135,781.25 6.39% Page 4 of 12 B0098114CSF30017 Account Number:I THE HAZE TRUST EFTA01470003 Statement Period: 07/01/2014 - 07/31/2014 Portfolio Holdings (continued) Date Acquired Quantity Mutual Funds 9.00% of Portfolio JP MORGAN FLOATING RATE INCOME FUND SELECT SHARES Open End Fund Dividend Option: Reinvest; Capital Gains Option: Reinvest 01/22/13 *,3 02/01/13 *,3 03/01/13 *,3 04/01/13 *,3 05/01/13 *,3 06/03/13 *,3 07/01/13 *,3 08/01/13 *,3 09/03/13 *,3 10/01/13 *,3 198,216.056 630.057 711.578 789.547 751.550 757.360 668.131 704.609 709.175 712.100 Total Noncovered Reinvestments to Date Total Covered Total Total Mutual Funds Total Portfolio Holdings Footnotes * Noncovered under the cost basis rules as defined below. Securities acquired before 2011 are generally not subject to the new cost basis reporting rules set forth in the Internal Revenue Code of 1986, as amended ("IRC") (incorporating amendments enacted by P.L.110-343, the Emergency Economic Stabilization Act of 2008) and are, therefore, considered " noncovered," under the new cost basis reporting rules, and marked or denoted as such. All other securities in this section are securities which are "covered" under the new cost basis reporting rules. Securities which are "covered" under the new cost basis reporting rules are defined as securities which have been acquired on or after their "applicable date(s)" at which they are subject to the cost basis reporting rules and the adjusted basis will be reported to the IRS on form 1099-B for the applicable tax year in which the security is disposed. EFTA01470004 Page 5 of 12 B0098114CSF30017 Account Number: THE HAZE TRUST 204,650.163 6,434.749 6,434.749 211,084.912 10.0900 10.0670 10.0600 10.1100 10.1300 10.0900 9.9700 10.0600 10.0300 10.0240 10.1060 Security Identifier: JPHSX CUSIP: 48121L510 2,000,000.00 6,342.92 7,158.48 7,982.33 7,613.21 7,641.77 6,661.27 7,088.37 7,113.03 7,137.85 2,064,739.23 65,028.33 65,028.33 $2,129,767.56 $2,129,767.56 Cost Basis $23,625,522.41 10.0400 10.0400 10.0400 10.0400 10.0400 10.0400 10.0400 10.0400 10.0400 10.0400 10.0400 1,990,089.22 6,325.77 EFTA01470005 7,144.24 7,927.04 7,545.57 7,603.89 6,708.03 7,074.28 7,120.12 7,149.48 2,054,687.64 64,604.88 64,604.88 $2,119,292.52 $2,119,292.52 Market Value $23,613,013.63 -9,910.78 -17.15 -14.24 -55.29 -67.64 -37.88 46.76 -14.09 7.09 11.63 -10,051.59 -423.45 -423.45 -$10,475.04 -$10,475.04 Unrealized Gain/Loss -$12,508.78 Accrued Interest $149,440.79 80,673.93 256.43 289.61 321.35 305.88 308.25 271.93 286.78 288.63 289.82 83,292.61 2,618.94 2,618.94 $85,911.55 $85,911.55 EFTA01470006 Estimated Annual Income $843,865.32 4.05% 4.05% 4.05% 4.05% 4.05% 4.05% 4.05% 4.05% 4.05% 4.05% 4.05% Unit Cost Cost Basis Market Price Market Value Unrealized Gain/Loss Annual Income Estimated Yield Estimated EFTA01470007 Portfolio Holdings (continued) Reporting requirements generally will be phased in over a three-year period, as follows: • Stock in a corporation acquired on or after January 1, 2011 • Mutual funds and dividend reinvestment plan (DRP) shares acquired on or after January 1, 2012 • Other securities, principally debt securities and options, acquired on or after January 1, 2014, or later, as determined by the Secretary of the Treasury. Cost Basis on fixed income securities is adjusted for amortization, accretion or principal paydowns. The method of calculation is based upon the type of fixed income security and certain attributes, obtained from sources believed to be reliable. In the event, one or more of these attributes is changed, there may be a temporary incorrect adjusted cost basis reflected until the portfolio system is amended to reflect this change. These calculations will not be performed under certain circumstances, including those involving continuously callable bonds, foreign bonds, variable rates, bonds in default, index-linked bonds, bonds sold short or bonds that have a negative yield. This information is meant as a general guide and you should consult your tax advisor in the preparation of your tax returns. 3 The cost basis of this security has been provided to us by you or your introducing firm and Pershing makes no representation as to the accuracy of this information. 6 The Current Face value represents the outstanding principal balance of the underlying security. The Current Face value is determined by multiplying the current factor times the original face amount of the security. Factors may change over time and are obtained from sources we believe to be reliable. 12 Pershing has received updated cost basis information, therefore cost basis provided on previous client brokerage statements may differ from the new cost basis reported in this section. 13 The cost basis of this security has been provided to us by the delivering firm or transferring agent and Pershing makes no representation as to the accuracy of this information. Schedule of Realized Gains and Losses Current Period Description Disposition Date Short Term 07/25/14 Acquisition Date 12/13/13 * Disposition Transaction RPP Total Short Term Total Short Term and Long Term * Noncovered under the cost basis rules as defined below. EFTA01470008 Securities acquired before 2011 are generally not subject to the new cost basis reporting rules set forth in the Internal Revenue Code of 1986, as amended ("IRC") (incorporating amendments enacted by P.L.110-343, the Emergency Economic Stabilization Act of 2008) and are, therefore, considered "noncovered," under the new cost basis reporting rules, and marked or denoted as such. All other securities in this section are securities which are "covered" under the new cost basis reporting rules. Securities which are "covered" under the new cost basis reporting rules are defined as securities which have been acquired on or after their "applicable date(s)" at which they are subject to the cost basis reporting rules and the adjusted basis will be reported to the IRS on form 1099-B for the applicable tax year in which the security is disposed. Reporting requirements generally will be phased in over a three-year period, as follows: • • • Stock in a corporation acquired on or after January 1, 2011 Mutual funds and dividend reinvestment plan (DRP) shares acquired on or after January 1, 2012 Other securities, principally debt securities and options, acquired on or after January 1, 2014, or later, as determined by the Secretary of the Treasury. 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. Page 6 of 12 B0098114CSF30017 Account Number: THE HAZE TRUST GS MTG SECS CORP 200 ASSTHRU CTF CL B1 VAR 5.751% 06/25/35 B/E DTD 05/01/05 Security Identifier: 36242D7X5 Original Cost Basis: 2,623.76 Quantity 1,500,000.000 Cost Basis Proceeds 2,623.76 $2,623.76 $2,623.76 2,699.95 $2,699.95 $2,699.95 Realized Gain/Loss/ EFTA01470009 Disallowance 76.19 $76.19 $76.19 EFTA01470010 Statement Period: 07/01/2014 - 07/31/2014 Schedule of Realized Gains and Losses Current Period (continued) 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. Cost Basis on fixed income securities is adjusted for amortization, accretion or principal paydowns. The method of calculation is based upon the type of fixed income security and certain attributes, obtained from sources believed to be reliable. In the event, one or more of these attributes is changed, there may be a temporary incorrect adjusted cost basis reflected until the portfolio system is amended to reflect this change. These calculations will not be performed under certain circumstances, including those involving continuously callable bonds, foreign bonds, variable rates, bonds in default, index-linked bonds, bonds sold short or bonds that have a negative yield. This information is meant as a general guide and you should consult your tax advisor in the preparation of your tax returns. 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. 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. Federal Deposit Insurance Corporation (FDIC)-Insured Bank Deposits are not protected by Securities Investor Protection Corporation.(SIPC). EFTA01470011 For disclosure of rates for DWS money market funds, please visit the DWS Investments website at https://www.dws-investments.com/EN/products/money- market-funds-yields.jsp. Please note that all money market funds listed on the website may not be offered through us. Deutsche Bank has combined its asset and wealth management operationsaincluding Deutsche Bank Alex. Brownainto a single division operating under the Deutsche Asset & Wealth Management brand and future communications will reflect this change. Your account will continue to be serviced by and securities will continue to be offered through Deutsche Bank Securities Inc., a registered broker-dealer and investment adviser, which conducts investment banking and securities activities in the United States. Deutsche Bank Securities Inc. is a member of FINRA, NYSE and SIPC. The new brand name has no effect on your account. Your portfolio and holdings will not change as a result of the rebranding. Page 7 of 12 B0098114CSF30017 Account Number: THE HAZE TRUST EFTA01470012 Activity Summary (All amounts shown are in base currency) Credits Securities Securities Bought Securities Sold Total Securities Dividends and Interest Distributions Taxes Withheld Cash Deposits Total Cash FDIC Insured Bank Deposits Money Market Funds Total Credits Transactions by Type of Activity Process/ Settlement Date Activity Type Securities Bought and Sold 07/01/14 REINVEST CASH INCOME JPHSX Dividends and Interest 07/01/14 07/25/14 07/31/14 0.00 0.00 $0.00 $13,204.96 $2,699.96 $0.00 0.00 $0.00 $0.00 $0.00 $15,904.92 0.00 2,760,359.19 $2,760,359.19 $488,485.61 $1,085,824.97 $4.40 8,188.19 $8,188.19 $10,381,873.66 $0.00 $14,724,736.02 This Period EFTA01470013 Year-to-Date Debits This Period Securities Securities Bought Securities Sold Total Securities Dividends and Interest Distributions Taxes Withheld Cash Deposits Total Cash FDIC Insured Bank Deposits Money Market Funds Total Debits -7,152.83 0.00 -$7,152.83 $0.00 $0.00 $0.00 0.00 $0.00 $0.00 -$8,752.09 -$15,904.92 -2,064,915.62 0.00 -$2,064,915.62 $0.00 -$2,724.81 $0.00 0.00 $0.00 -$2,792,837.31 -$9,864,258.28 -$14,724,736.02 Year-to-Date Description Quantity JP MORGAN FLOATING RATE INCOME FUND SELECT SHARES 210377.4120 SHRS SHRS PURCH. AT $10.11000 RD 06/27 PD 07/01/14 Total Securities Bought and Sold - UNITED STATES DOLLAR CASH DIVIDEND RECEIVED JPHSX BOND INTEREST RECEIVED 36242D7X5 MONEY MARKET FUND INCOME RECEIVED EFTA01470014 233993682 Total Dividends and Interest - UNITED STATES DOLLAR JP MORGAN FLOATING RATE INCOME FUND SELECT SHARES 210377.4120 SHRS RD 06/27 PD 07/01/14 1500000 GS MTG SECS CORP 2005-5F MTG PASSTHRU CTF CL B1 VAR 5.752% 06/25/35 B/E DTD 05/01/05 RD 06/30 PD 07/25/14 DWS GOVT CASH INSTL 0.00 707.500 0.00 Price Accrued Interest Amount Currency -7,152.83 USD -7,152.83 7,152.83 USD 5,800.96 USD 251.17 USD 13,204.96 Page 8 of 12 80098114CSF30017 Account Number: THE HAZE TRUST EFTA01470015 Statement Period: 07/01/2014 - 07/31/2014 Transactions by Type of Activity (continued) Process/ Settlement Date Activity Type Distributions 07/25/14 RETURN OF PRINCIPAL RECEIVED 36242D7X5 Total Distributions - UNITED STATES DOLLAR Money Market Funds 07/28/14 07/31/14 MONEY FUND PURCHASE USD999997 MONEY MARKET FUND REINVESTMENT 233993682 Total Money Market Funds - UNITED STATES DOLLAR Total Value of Transactions The price and quantity displayed may have been rounded. Bond Maturity Schedule Bond Maturity 1 to 5 years Over 10 years Total Market Value 1,711,500.00 7,795,232.83 9,506,732.83 % of Bond Market Value 18% 82% 100% Percentages of bond market values are rounded to the nearest whole percentage. DWS GOVT CASH INSTL DWS GOVT CASH INSTL INCOME REINVESTED 0.00 0.00 Description 1500000 GS MTG SECS CORP 2005-5F MTG PASSTHRU CTF CL B1 VAR 5.752% 06/25/35 B/E DTD 05/01/05 RD 06/30 PD 07/25/14 0.00 Quantity Price Accrued Interest Amount Currency EFTA01470016 2,699.96 USD 2,699.96 -8,500.92 USD -251.17 USD -8,752.09 0.00 USD Page 9 of 12 60098114CSF3001 Account Number: THE HAZE TRUST EFTA01470017 Bond Quality Bond Quality BA/Lower Total Market Value 9,506,732.83 9,506,732.83 You are 100% invested in bonds with a bond quality of BA/Lower. Client Service Information Your Client Advisor: TDS TAZIA SMITH 345 PARK AVENUE 14TH FLOOR NEW YORK NY 10154 Your Account Information Tax Lot Default Disposition Method Default Method for Mutual Funds: FIRST IN FIRST OUT Default Method for Stocks in a Dividend Reinvestment Plan: FIRST IN FIRST OUT Default Method for all Other Securities: FIRST IN FIRST OUT 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 Client Advisor for more information. Important Information and 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 have been obtained from sources which we believe to be reliable. Pershing may not use the closing price of the particular exchange or marketplace where your position was purchased as the "Market 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/business_continuity.html for specific details as to formulas used to calculate the figures. Accrued interest represents interest earned but not yet received. Reinvestment EFTA01470018 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. Options 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. Page 10 of 12 B0098114CSF30017 Account Number: THE HAZE TRUST % of Bond Market Value 100% 100% Percentages of bond market values are rounded to the nearest whole percentage. Contact Information Telephone Number: EFTA01470019 Statement Period: 07/01/2014 - 07/31/2014 Important Information and Disclosures (continued) 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. Foreign Currency Transactions Pershing may 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. Ratings This statement may contain credit rating information obtained from Standard & Poor's. Reproducing and distributing any information received from Standard & Poor's is not permitted without prior written authorization from Standard & Poor's. Standard & Poor's does not guarantee the accuracy, completeness, timeliness or availability of any information. Standard & Poor's is not responsible for any errors or omissions, regardless of the cause, or for the results of using such content. Standard & Poor's makes no express or implied warranties including warranties of merchantability or fitness for a particular purpose. Standard & Poor's shall not be legally responsible for any fees, costs, expenses or losses in connection with the use of their content. Credit ratings are opinions and not statements of facts; are not recommendations to purchase, hold or sell securities; and do not address suitability for investment purpose. Credit ratings should not be relied upon as investment advice. Bond Maturity Schedule Bonds that are in default are not included. Bond Quality Bond quality ratings reflect Moody's or Standard and Poor's ratings. Bonds may be rated by other services. Bonds that are in default are not included. Please refer to your Portfolio Holdings section. The Role of Pershing EFTA01470020 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 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/strength_stability.html. This statement will be deemed conclusive. You are advised to report any inaccuracy or discrepancy (including unauthorized trading), to your financial organization and Pershing, within ten days after receipt of this statement. 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. Page 11 of 12 B0098114CSF30017 EFTA01470021 Account Number: THE HAZE TRUST EFTA01470022 Important Information and Disclosures (continued) The Role of Pershing (continued) • 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; 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 12 of 12 B0098114CSF30017 EFTA01470023 Account Number: THE HAZE TRUST EFTA01470024