EFTA Document EFTA01567207

SCHAFER CULLEN CAPITAL MANAGEMENT ATTN CAROLYN ROY 645 FIFTH AVENUE FL 7 NEW YORK NY 10022 EFTA01567207 EFTA01567208 JPMorgan Chase Bank, N.A. GHISLAINE MAXWELL - OAP IHD 270 Park Avenue New York, NY 10017-2014 ACCT. For the Period 1/1/14 to 1/31/14 Investment Management Account J.P. Morgan Team James Buckley Jason Bell Janet Young Gina Magliocco Jason Grosse Online access Banker Investment Specialist Client Service Team Client Service Team Client Service Team www.jpmorganonline.com Please see disclosures located at the end of this statement package for important information relating to each J.P.Morgan account(s). 212/464-1536 212/464-2084 800/634-1318 Table of Contents Account Summary Page 2 Holdings Equity Portfolio Activity 4 10 Client News 2013 Year-End Tax 1099's You will be able to view your 2013 Form 1099 online beginning February 21, 2014. Unless you have selected edelivery, you should expect to receive them via mail shortly thereafter. You may contact your J.P. Morgan Team with any questions. 0000002248.00.0.PD.00003.SCHAOAP.20140204 Page 1 of 15 EFTA01567209 GHISLAINE MAXWELL - OAP IHD ACCT. For the Period 1/1/14 to 1/31/14 Account Summary Asset Allocation Equity Market Value Accruals Market Value with Accruals Beginning Market Value 1,964,165.75 $1,964,165.75 3,813.58 $1,967,979.33 Ending Market Value 1,847,938.92 $1,847,938.92 3,615.60 $1,851,554.52 Current Portfolio Activity Beginning Market Value Withdrawals & Fees Net Contributions/Withdrawals Income & Distributions Change In Investment Value Ending Market Value Accruals Market Value with Accruals Period Value 1,964,165.75 (5,855.42) ($5,855.42) 2,430.74 (112,802.15) $1,847,938.92 3,615.60 $1,851,554.52 Change In Value (116,226.83) ($116,226.83) (197.98) ($116,424.81) Year-to-Date Value 1,964,165.75 (5,855.42) ($5,855.42) 2,430.74 EFTA01567210 (112,802.15) $1,847,938.92 3,615.60 $1,851,554.52 Estimated 62,900.42 $62,900.42 Current Annual Income Allocation 100% 100% Page 2 of 15 EFTA01567211 GHISLAINE MAXWELL - OAP IHD ACCT. For the Period 1/1/14 to 1/31/14 Account Summary Tax Summary Foreign Dividends Interest Income Taxable Income CONTINUED Current Period Value 2,429.49 1.25 $2,430.74 Year-to-Date Value 2,429.49 1.25 $2,430.74 Unrealized Gain/Loss To-Date Value $81,160.12 ST Realized Gain/Loss Realized Gain/Loss Current Period Value 9,150.32 $9,150.32 Year-to-Date Value 9,150.32 $9,150.32 Cost Summary Equity Total 1,766,778.80 Cost $1,766,778.80 Page 3 of 15 EFTA01567212 GHISLAINE MAXWELL - OAP IHD ACCT. For the Period 1/1/14 to 1/31/14 Equity Summary Asset Categories EAFE Equity Beginning Market Value 1,964,165.75 Ending Market Value 1,847,938.92 Change In Value (116,226.83) Current Allocation 100% Current Market Value/Cost Market Value Tax Cost Unrealized Gain/Loss Estimated Annual Income Accrued Dividends Yield Period Value 1,847,938.92 1,766,778.80 81,160.12 62,900.42 3,615.60 3.40% Page 4 of 15 EFTA01567213 GHISLAINE MAXWELL - OAP IHD ACCT. For the Period 1/1/14 to 1/31/14 Note: indicates position adjusted for Pending Trade Activity. This is the Annual Percentage Yield (APY) which is the rate earned if balances remain on deposit for a full year with compounding, there is no change in the interest rate and all interest is left in the account. Equity Detail Price EAFE Equity ABB LTD SPONS ADR 000375-20-4 ABB ALSTOM ADR 021244-20-7 ALSM Y ASTRAZENECA PLC SPONS ADR 046353-10-8 AZN BAE SYSTEMS PLC SPONS ADR 05523R-10-7 BAES Y BAYER A G SPONS ADR 072730-30-2 BAYR Y BHP LTD SPONS ADR 088606-10-8 BHP BNP PARIBAS ADR 05565A-20-2 BNPQ Y 38.87 1,195.000 46,449.65 47,674.46 (1,224.81) 811.40 1.75% 63.95 435.000 27,818.25 32,227.68 (4,409.43) 1,009.20 3.63% 28.52 132.00 1,000.000 EFTA01567214 245.000 28,520.00 32,339.76 22,160.00 24,491.20 6,360.00 7,848.56 1,196.00 442.22 4.19% 1.37% 2.79 63.50 4,875.000 365.000 13,581.75 23,177.50 17,770.91 18,351.75 (4,189.16) 4,825.75 351.00 1,022.00 2.58% 4.41% Quantity Value Adjusted Tax Cost Original Cost Unrealized Gain/Loss Est. Annual Inc. Accrued Div. Yield 24.84 2,200.000 54,648.00 47,460.92 7,187.08 1,548.80 2.83% Page 5 of 15 EFTA01567215 GHISLAINE MAXWELL - OAP IHD ACCT. For the Period 1/1/14 to 1/31/14 Price EAFE Equity BOC HONG KONG HOLDINGS LTD SPONS ADR 096813-20-9 BHKL Y BRITISH AMERICAN TOBACCO PLC SPONS ADR 110448-10-7 BTI COST OF PENDING PURCHASES DEUTSCHE TELEKOM AG SPONS ADR 251566-10-5 DTEG Y DEUTSCHE POST AG SPONS ADR 25157Y-20-2 DPSG Y GDF SUEZ SPONS ADR 36160B-10-5 GDFZ Y GLAXOSMITHKLINE PLC SPONS ADR 37733W-10-5 GSK HSBC HOLDINGS PLC SPONS ADR 404280-40-6 HSBC IMPERIAL TOBACCO PLC ADR 453142-10-1 ITYB Y KIRIN HOLDINGS COMPANY LTD SPONS ADR 497350-30-6 KNBW Y Page 6 of 15 13.58 3,010.000 40,875.80 48,510.86 (7,635.06) 833.77 338.28 2.04% 73.48 515.000 37,842.20 36,270.85 1,571.35 1,895.20 1,196.23 5.01% 51.49 1,145.000 EFTA01567216 58,956.05 62,810.83 (3,854.78) 2,748.00 4.66% 51.54 1,015.000 52,313.10 48,412.36 3,900.74 2,445.13 4.67% 22.19 1,980.000 43,936.20 42,100.10 1,836.10 2,684.88 6.11% 34.55 1,360.000 46,988.00 31,554.75 15,433.25 1,206.32 2.57% 1.00 16.17 (7,088.220) 4,270.000 (7,088.22) 69,045.90 (7,088.22) 58,928.15 10,117.75 3,825.92 5.54% 95.99 590.000 56,634.10 62,046.30 (5,412.20) 2,552.34 4.51% 60.37 555.000 33,505.35 36,821.52 (3,316.17) 1,748.80 5.22% EFTA01567217 Quantity Value Adjusted Tax Cost Original Cost Unrealized Gain/Loss Est. Annual Inc. Accrued Div. Yield EFTA01567218 GHISLAINE MAXWELL - OAP IHD ACCT. V49920008 For the Period 1/1/14 to 1/31/14 Price EAFE Equity LUKOIL OAO SPONS ADR MTN GROUP LTD 677862-10-4 LUKO Y 17.90 SPONS ADR 62474M-10-8 MTNO Y MUENCHENER RUECKVERSICHERUNGS - GESELLSCHAFT ADR 626188-10-6 MURG Y NESTLE S A SPONS ADR REPSTG REG SH 641069-40-6 NSRG Y NIPPON TEL & TEL CORP ADR 654624-10-5 NTT NOVARTIS A G ADR 66987V-10-9 NVS P ORKLA A S A SPONS A/D/R 686331-10-9 ORKL Y RECKITT BENCKISER GROUP PLC SPONSORED ADR 756255-20-4 RBGL Y ROCHE HOLDINGS LTD SPONS ADR 771195-10-4 RHHB Y 68.60 700.000 48,020.00 39,379.81 8,640.19 1,136.80 2.37% 15.10 3,540.000 53,436.30 48,749.99 4,686.31 1,454.94 2.72% 7.84 2,725.000 21,364.00 21,938.45 EFTA01567219 (574.45) 926.50 4.34% 26.96 79.07 2,210.000 975.000 59,581.60 77,093.25 58,374.87 68,101.01 1,206.73 8,992.24 1,613.30 2,005.57 2.71% 2.60% 72.65 1,055.000 76,645.75 73,413.83 3,231.92 1,915.88 2.50% 20.70 2,610.000 54,027.00 48,665.02 5,361.98 1,618.20 3.00% 2,625.000 46,987.50 49,970.21 (2,982.71) 1,929.37 4.11% 57.00 1,035.000 58,995.00 64,776.50 (5,781.50) 3,783.96 6.41% Quantity Value Adjusted Tax Cost Original Cost Unrealized Gain/Loss Est. Annual Inc. EFTA01567220 Accrued Div. Yield Page 7 of 15 EFTA01567221 GHISLAINE MAXWELL - OAP IHD ACCT.I For the Period 1/1/14 to 1/31/14 Price EAFE Equity ROYAL DUTCH SHELL PLC ADR 780259-10-7 RDS B SANOFI 80105N-10-5 SNY SIEMENS A G SPONS ADR 826197-50-1 SI SINGAPORE TELECOMMUNICATIONS LTD ADR 82929R-30-4 SGAP Y SMITHS GROUP PLC SPONSORED ADR 83238P-20-3 SMGZ Y STATOIL ASA SPONS ADR 85771P-10-2 STO TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD SPONS ADR 874039-10-0 TSM TELEKOMUNIKASI IND SPONS ADR 715684-10-6 TLK TESCO PLC SPONS ADR 881575-30-2 TSCD Y 15.82 1,520.000 24,046.40 25,456.73 (1,410.33) 980.40 4.08% 36.27 690.000 25,026.30 27,215.25 (2,188.95) 841.11 3.36% 16.92 830.000 14,043.60 14,793.04 (749.44) 332.83 EFTA01567222 2.37% 23.71 1,450.000 34,379.50 35,974.62 (1,595.12) 1,245.55 3.62% 27.60 23.64 1,765.000 1,575.000 48,714.00 37,225.13 51,172.92 30,754.80 (2,458.92) 6,470.33 72.83 48.90 126.29 400.000 1,195.000 500.000 29,132.00 58,435.50 63,145.00 27,957.37 60,068.51 52,917.17 1,174.63 (1,633.01) 10,227.83 1,440.00 1,499.72 1,506.50 1,101.77 2,248.61 960.75 4.94% 2.57% 2.39% 4.62% 2.58% Quantity Value Adjusted Tax Cost Original Cost Unrealized Gain/Loss Est. Annual Inc. EFTA01567223 Accrued Div. Yield Page 8 of 15 EFTA01567224 GHISLAINE MAXWELL - OAP IHD ACCT. For the Period 1/1/14 to 1/31/14 Price EAFE Equity TOTAL SA SPONS ADR 89151E-10-9 TOT UNILEVER N V 904784-70-9 UN UNITED OVERSEAS BANK LTD SPONS ADR 911271-30-2 UOVE Y US DOLLAR VODAFONE GROUP PLC SPONS ADR 92857W-20-9 VOD ZURICH INSURANCE GROUP-ADR Total EAFE Equity 989825-10-4 ZURV Y $1,847,938.92 $1,766,778.80 $81,160.12 $62,900.42 $3,615.60 3.40% 28.96 2,025.000 58,644.00 55,630.28 3,013.72 37.34 30.85 1.00 37.06 1,630.000 1,250.000 68,258.300 1,905.000 60,864.20 38,560.00 68,258.30 70,599.30 66,467.39 39,130.24 68,258.30 53,061.37 17,537.93 (5,603.19) (570.24) 1,990.23 1,186.25 EFTA01567225 20.47 1.34 3,072.76 977.98 3.27% 3.08% 0.03% 4.35% Quantity Value Adjusted Tax Cost Original Cost Unrealized Gain/Loss Est. Annual Inc. Accrued Div. Yield 57.17 1,070.000 61,171.90 54,046.70 7,125.20 2,869.74 4.69% Page 9 of 15 EFTA01567226 GHISLAINE MAXWELL - OAP IHD ACCT. For the Period 1/1/14 to 1/31/14 Portfolio Activity Summary Beginning Cash Balance Transactions INFLOWS Total Inflows Income OUTFLOWS ** Withdrawals Fees & Commissions Tax Payments Total Outflows TRADE ACTIVITY Settled Sales/Maturities/Redemptions Settled Securities Purchased Total Trade Activity Ending Cash Balance 79,131.50 (62,524.69) $16,606.81 $68,258.30 * Year to date information is calculated on a calendar year basis. ** Your account's standing instructions use a HIGH COST method for relieving assets from your position 79,131.50 (62,524.69) $16,606.81 -Current Period Value 55,076.17 2,430.74 $2,430.74 (49.30) (5,547.52) (258.60) ($5,855.42) Year-To-Date Value* -2,430.74 $2,430.74 (49.30) (5,547.52) (258.60) ($5,855.42) Page 10 of 15 EFTA01567227 GHISLAINE MAXWELL - OAP IHD ACCT- For the Period 1/1/14 to 1/31/14 Portfolio Activity Detail INFLOWS & OUTFLOWS Type Settle Date Selection Method Income 1/2 1/7 1/9 1/23 Interest Income Foreign Dividend Foreign Dividend Foreign Dividend Total Income Type Settle Date Selection Method Withdrawals 1/16 1/23 Expenses Expenses Total Withdrawals Description ROCHE HOLDINGS LTD SPONS ADR ADR FEE TO HOLDERS OF RECORD DATE 11/18/13 (ID: 771195-10-4) SINGAPORE TELECOMMUNICATIONS LTD ADR REPRESENTS @ .020 DEPOSITORY FEE AS OF 01/21/14 (ID: 82929R-30-4) ($49.30) Quantity Cost Description DEPOSIT SWEEP INTEREST FOR 12/01/13 - 12/31/13 @ .03% RATE ON AVG COLLECTED BALANCE OF $52,882.97 AS OF 01/01/14 TOTAL SA SPONS ADR @ 0.805619 PER SHARE (ID: 89151E-10-9) GLAXOSMITHKLINE PLC SPONS ADR @ 0.616094 PER SHARE (ID: 37733W-10-5) SINGAPORE TELECOMMUNICATIONS LTD ADR @ 0.533793 PER SHARE AS OF 01/21/14 (ID: 82929R-30-4) 1,070.000 1,015.000 1,765.000 0.806 0.616 0.534 862.01 625.34 EFTA01567228 942.14 $2,430.74 Quantity Cost Per Unit Amount Amount 1.25 Amount (14.00) (35.30) Page 11 of 15 EFTA01567229 GHISLAINE MAXWELL - OAP IHD ACCT. For the Period 1/1/14 to 1/31/14 Type Settle Date Selection Method Fees & Commissions 1/21 1/21 Description Fees & Commissions JPMORGAN CHASE INVESTMENT MANAGEMENT FEE FOR THE PERIOD 10-01-2013 TO 12-31-2013 Fees & Commissions SCHAFER CULLEN CAPITAL MANAGEMENT MANAGEMENT FEE FOR 10-01-2013 TO 12-31-2013 Total Fees & Commissions Tax Payments 1/7 Quantity Cost Amount (3,579.54) (1,967.98) ($5,547.52) FGN Tax Withheld TOTAL SA SPONS ADR TAX WITHHELD FRANCE 30.00% (ID: 89151E-10-9) (258.60) TRADE ACTIVITY Note: Trade Date Settle Date 1/10 1/15 1/13 1/16 1/14 1/17 S indicates Short Term Realized Gain/Loss Type Selection Method Description Settled Sales/Maturities/Redemptions Sale High Cost Sale High Cost Sale High Cost DEUTSCHE POST AG SPONS ADR @ 35.1079 10,883.45 BROKERAGE 9.30 TAX &/OR SEC .19 FIDELITY CAPITAL MARKETS (ID: 25157Y-20-2) DEUTSCHE POST AG SPONS ADR @ 35.5508 12,265.03 BROKERAGE 13.80 TAX &/OR SEC .22 FIDELITY CAPITAL MARKETS (ID: 25157Y-20-2) EFTA01567230 BAYER A G SPONS ADR @ 131.9228 10,553.82 BROKERAGE 2.40 TAX &/OR SEC .19 FIDELITY CAPITAL MARKETS (ID: 072730-30-2) (80.000) 131.89 10,551.23 (8,405.57) 2,145.66 S (345.000) 35.51 12,251.01 (8,245.50) 4,005.51 S Quantity (310.000) Per Unit Amount 35.077 Proceeds 10,873.96 Tax Cost (7,493.57) Realized Gain/Loss 3,380.39 S Page 12 of 15 EFTA01567231 GHISLAINE MAXWELL - OAP IHD ACCT. For the Period 1/1/14 to 1/31/14 Trade Date Settle Date 1/14 1/17 1/22 1/27 1/23 1/28 1/23 1/28 1/24 1/29 1/27 1/30 Type Selection Method Description Settled Sales/Maturities/Redemptions Sale High Cost Sale High Cost Sale High Cost Sale High Cost Sale High Cost Sale High Cost SMITHS GROUP PLC SPONSORED ADR @ 24.4569 2,690.26 BROKERAGE 3.30 TAX &/OR SEC .05 FIDELITY CAPITAL MARKETS (ID: 83238P-20-3) BAE SYSTEMS PLC SPONS ADR @ 28.9174 10,844.03 BROKERAGE 11.25 TAX &/OR SEC .19 FIDELITY CAPITAL MARKETS (ID: 05523R-10-7) ALSTOM ADR @ 3.0646 10,358.35 BROKERAGE 33.80 TAX &/OR SEC .19 FIDELITY CAPITAL MARKETS (ID: 021244-20-7) BAE SYSTEMS PLC SPONS ADR @ 29.0186 10,446.70 BROKERAGE 10.80 TAX &/OR SEC .19 FIDELITY CAPITAL MARKETS (ID: 05523R-10-7) ALSTOM ADR @ 2.9547 9,144.80 BROKERAGE 30.95 TAX &/OR SEC .16 FIDELITY CAPITAL MARKETS (ID: 021244-20-7) ALSTOM ADR @ 2.874 2,069.28 BROKERAGE 7.20 TAX &/OR SEC .04 FIDELITY CAPITAL MARKETS (ID: 021244-20-7) Total Settled Sales/Maturities/Redemptions $79,131.50 EFTA01567232 ($69,981.18) $9,150.32 S (720.000) 2.864 2,062.04 (2,634.91) (572.87) S (3,095.000) 2.945 9,113.69 (11,360.18) (2,246.49) S (360.000) 28.988 10,435.71 (8,167.90) 2,267.81 S (3,380.000) 3.055 10,324.36 (12,444.81) (2,120.45) S (375.000) 28.887 10,832.59 (8,949.48) 1,883.11 S Quantity (110.000) Per Unit Amount 24.426 Proceeds 2,686.91 Tax Cost (2,279.26) Realized Gain/Loss 407.65 S Trade Date Settle Date Type Description Settled Securities Purchased 1/9 Purchase 1/14 BNP PARIBAS ADR @ 39.8941 28,324.81 BROKERAGE 21.30 TAX &/OR SEC 56.65 FIDELITY CAPITAL MARKETS (ID: 05565A-20-2) Page 13 of 15 EFTA01567233 Quantity 710.000 Per Unit Amount 40.004 Market Cost (28,402.76) EFTA01567234 GHISLAINE MAXWELL - OAP IHD ACCT. For the Period 1/1/14 to 1/31/14 Trade Date Settle Date Type Settled Securities Purchased 1/13 Purchase 1/16 1/21 1/24 1/22 1/28 1/23 1/30 1/24 1/30 1/27 1/30 1/28 1/31 Purchase Purchase Purchase Purchase Purchase Purchase Total Settled Securities Purchased Description BNP PARIBAS ADR @ 39.6262 19,218.71 BROKERAGE 14.55 TAX &/OR SEC 38.44 FIDELITY CAPITAL MARKETS (ID: 05565A-20-2) ORKLA A S A SPONS A/D/R @ 8.0429 5,710.46 BROKERAGE 7.10 FIDELITY CAPITAL MARKETS (ID: 686331-10-9) ORKLA A S A SPONS A/D/R @ 8.1802 1,799.64 BROKERAGE 2.20 FIDELITY CAPITAL MARKETS (ID: 686331-10-9) ORKLA A S A SPONS A/D/R @ 8.2723 2,605.77 BROKERAGE 3.15 FIDELITY CAPITAL MARKETS (ID: 686331-10-9) ORKLA A S A SPONS A/D/R @ 8.1373 1,505.40 BROKERAGE 1.85 FIDELITY CAPITAL MARKETS (ID: 686331-10-9) ORKLA A S A SPONS A/D/R @ 8.0091 1,081.23 BROKERAGE 1.35 FIDELITY CAPITAL MARKETS (ID: 686331-10-9) ORKLA A S A SPONS A/D/R @ 8.0356 2,129.43 BROKERAGE 2.65 FIDELITY CAPITAL MARKETS (ID: 686331-10-9) ($62,524.69) EFTA01567235 265.000 8.046 (2,132.08) 135.000 8.019 (1,082.58) 185.000 8.147 (1,507.25) 315.000 8.282 (2,608.92) 220.000 8.19 (1,801.84) 710.000 8.053 (5,717.56) Quantity 485.000 Per Unit Amount 39.735 Market Cost (19,271.70) Page 14 of 15 EFTA01567236 GHISLAINE MAXWELL - OAP IHD ACCT. For the Period 1/1/14 to 1/31/14 Trade Date Est. Settle Date Type Pending Securities Purchased 1/29 Purchase 2/3 1/30 2/4 1/31 2/5 Total Pending Securities Purchased ($7,088.22) Purchase Purchase Description ORKLA A S A SPONS A/D/R (ID: 686331-10-9) ORKLA A S A SPONS A/D/R (ID: 686331-10-9) ORKLA A S A SPONS A/D/R (ID: 686331-10-9) Quantity 390.000 245.000 260.000 Per Unit Amount 7.981 7.839 7.868 Market Cost (3,116.53) (1,923.23) (2,048.46) Page 15 of 15 EFTA01567237 THIS PAGE INTENTIONALLY LEFT BLANK EFTA01567238 For the Period 1/1/14 to 1/31/14 For your convenience we have combined statement(s) for activity you conduct through J.P. Morgan in one package. Below are important disclosures relating to these different accounts. These statements may relate to various account types. Some of the disclosures are applicable to all of your accounts. For ease of reference the disclosures applicable to a particular type of account have been grouped together by descriptive headers. IMPORTANT GENERAL INFORMATION APPLICABLE TO ALL OF YOUR ACCOUNT(S) Important Information about Pricing ,Valuations, Estimated Annual Income, and Estimated Yield Market value information (including without limitation, prices, exchange rates, accrued income and bond ratings) furnished herein, some of which has been provided by pricing sources that J.P. Morgan believes to be reliable, is not guaranteed for accuracy but provided for informational purposes and is furnished for the exclusive use of the client. The current price is the value of the financial asset share, unit or contract as priced at the close of the market on the last day of the statement period or the last available price. All values provided for structured yield deposits (for example, JPMorgan London Time Deposits) reflect the original deposit amount only. The value for Real Estate, Mineral Interests and Miscellaneous Assets may not reflect the most current value of the asset. Important information regarding Auction Rate Securities (ARS). ARS are debt or preferred securities with an interest or dividend rate reset periodically in an auction. Although there may be daily, weekly and monthly resets, there is no guarantee that there will be liquidity. If there are not enough bids at an auction to redeem the securities available for sale, the result may be a failed auction. In the event of a failed auction, there is no assurance that a secondary market will develop or that the security will trade at par or any other price reflected on statements and online. Accordingly, investors should not rely on pricing information appearing in their statements or online with respect to ARS. When J.P. Morgan is unable to obtain a price from an internal or outside source for a particular ARS, the price column on your statement will indicate "unpriced". Valuations of over-the-counter derivative transactions, including certain derivatives-related deposit products, have been prepared on a mid-market basis. These valuations are sourced from the various issuers of the securities or they are sourced from a third party valuation provider. J.P. Morgan expressly disclaims any responsibility for (1) the accuracy of the models or estimates used in deriving the valuations, (2) any errors or omissions in computing or disseminating the valuations, and (3) any uses to which the valuations are put. Valuations are provided for information purposes only and are intended solely for your own use. Please refer to the trade confirmation for details of each transaction. Certain assets, including but not limited to, pooled and private investments, non-publicly traded and infrequently traded securities, derivatives, partnership interests and tangible assets are generally illiquid, the value of such asset may have been provided to us by third EFTA01567239 parties who may or may not be independent of the issuer or manager. Such information is reflected as of the last date provided to us, and is not independently verified. In cases where we are unable to obtain a current market value from an internal or outside source for a particular security, the price column on your statement will indicate "unpriced". Although such securities may have value, please note that the value of a security indicated as "unpriced" will not be included in your overall current market value as reflected on the statement. J.P. Morgan makes no representation, warranty or guarantee, express or implied, that any quoted value represents the actual terms at which securities could be bought or sold or new transactions could be entered into, or the actual terms on which existing transactions or securities could be liquidated. Such values may only be indicative. When we are unable to obtain a current value from an internal or outside source for a particular security, the price column on your statement will indicate "unpriced". If a partial call is made with respect to an issue of securities included in your Accounts we will allocate the call by a method we deem fair and equitable. To the extent applicable, please note the following regarding estimated annual income (EAI) and estimated yield (EY): EAI and EY for certain types of securities could include a return of principal or capital gains in which case the EAI and EY would be overstated. EAI and EY are estimates and the actual income and yield might be lower or higher than the estimated amounts. EY reflects only the income generated by an investment. It does not reflect changes in its price, which may fluctuate. Offshore Deposits - London and Nassau Disclosures Page 1 of 2 EFTA01567240 For the Period 1/1/14 to 1/31/14 Deposits in Foreign Branches are not insured by the FDIC or any other Agency of the Federal Government; amounts in such foreign accounts do not have the benefit of any domestic preference applicable to U.S Banks; certain Foreign accounts are considered reportable to the Internal Revenue Service on a Report of Foreign Bank and Financial Accounts (TD F 90-22.1). Bank products and services are offered through JPMorgan Chase Bank, N.A. ("JPMCB") and its banking affiliates. Securities are offered by J.P.Morgan Securities LLC ("JPMS") and, to the extent noted below, cleared through J.P. Morgan Clearing Corp. ("JPMCC"). Neither JPMS, nor JPMCC is a bank and are each separate legal entities from its bank or thrift affiliates. Investment Products: Not FDIC Insured -No Bank Guarantee -May Lose Value Fund manager disclosure information available upon request If you have an investment account that is managed by an SEC-Registered Investment Advisor, J.P. Morgan will provide a copy of the advisor's Form ADV II or brochure upon written request. These statements are not official documents for income tax reporting purposes and should not be relied upon for such purposes, including determination of income, cost basis, amortization or accretion, or gain/loss. Such information, which may be inaccurate, incomplete or subject to updating, should be confirmed with your records and your tax advisor. Please take the steps indicated below if you think statement(s) are incorrect or contact your J.P.Morgan team if you require additional information about a transaction on your statement(s). IMPORTANT ADDITIONAL INFORMATION APPLICABLE ONLY TO YOUR INVESTMENT MANAGEMENT ACCOUNT(S) WHICH REFLECT ASSETS HELD AT JPMORGAN CHASE BANK, N.A. In case of other errors or questions about other account statement(s) Please review your account statement(s) and promptly report any inaccuracy or discrepancy including possible unauthorized trading activity, unrecorded dividend payments, unaccounted cash positions, improper payments or transfers in writing to JPMCB at the addresses shown on your statement(s). Any oral communication should be re-confirmed in writing to further protect your rights. If you have any questions please contact your J.P. Morgan team. In your written communication, please provide the following information: (1) your name and account number; (2) the dollar amount of the suspected error; and (3) a description of the error and explanation, if you can, why you believe there is an error. If you need more information, you must describe the item you are unsure about. We must receive your written communication no later than 30 days after the statement on which the error or problem appeared is sent or made available. If you do not so notify us, you agree that the statement activity and account balance(s) are correct. You must promptly advise your J.P.Morgan representative of material changes in your investment objectives or financial situation or if you wish to EFTA01567241 modify the management of your account. Unless you inform otherwise, your J.P.Morgan representative will consider the information currently in its files to be complete and accurate. Disclosures Page 2 of 2 EFTA01567242