EFTA Document EFTA01471753

EFTA01471753 EFTA01471754 EFTA01471755 EFTA01471756 EFTA01471757 EFTA01471758 EFTA01471759 EFTA01471760 SOUTHERN TRUST COMPANY, INC. FINANCIAL REPORT As Of November 30, 2014 SOUTHERN TRUST COMPANY, INC. (and subsidiaries) Statement of Assets, Liabilities and Shareholder's Equity Income Tax Basis as of November 30, 2014 ASSETS Current assets Cash and cash equivalents Due from brokers Marketable securities, at cost $ 92,024,212 1,195,973 7,623,151 Total current assets $ 100,843,336 Fixed Assets 212,360 Other assets Investment in subsidiaries Southern Financial LLC 153,441,183 88,541,097 800,000 43,464 Haze Trust Other receivables $ Other assets Total other assets 242,825,745 $ 343,881,441 TOTAL ASSETS LIABILITIES AND SHAREHOLDER'S EQUITY Current liabilities Current liabilities $ 14,370 Total current liabilities 14,370 $ Shareholder's Equity Common Stock Additional paid in capital Retained earnings 1,000 38,798,643 305,067,427 Total shareholder's equity 343,867,070 TOTAL LIABILITIES AND SHAREHOLDER'S EQUITY $ 343,881,441 SOUTHERN TRUST COMPANY, INC. (and subsidiaries) Statement of Revenues and Expenses EFTA01471761 Income Tax Basis For the Period January 1, 2014 to November 30, 2014 Revenues Fee income Southern Financial LLC - subsidiary equity loss Haze Trust - subsidiary equity loss Investment income $ 70,000,000 (10,727,940) (7, 599, 307) 179,456 Total revenues 51,852,209 Expenses Employee costs and compensation Occupancy and related expenses Professional and consulting expenses Other operating expense Charitable expenses 979,836 213,528 1,876,567 252,674 86,656 Total expenses 3,409,262 Net income 48,442,947 $ SOUTHERN FINANCIAL LLC FINANCIAL REPORT As Of November 30, 2014 SOUTHERN FINANCIAL LLC (and subsidiary) Statement of Assets, Liabilities and Member's Equity Income Tax Basis as of November 30, 2014 ASSETS Current assets Cash and cash equivalents Due from brokers Managed investment accounts, at cost $ 13,504,156 46,455,220 72,211,896 Total current assets 132,171,271 $ Fixed Assets 266,023 266,023 Other assets Investment in partnerships, at cost Investment in Haze Trust Other receivables 16,970,471 88,541,097 4,033,417 Total other assets 109,544,985 $ EFTA01471762 TOTAL ASSETS 241,982,280 LIABILITIES AND MEMBER'S EQUITY Member's equity Member contributions Net loss 260,309,527 (18,327,247) $ Total member's equity 241,982,280 TOTAL LIABILITIES AND MEMBER'S EQUITY $ 241,982,280 SOUTHERN FINANCIAL LLC (and subsidiary) Statement of Revenues and Expenses Income Tax Basis For the Period January 1, 2014 to November 30, 2014 Revenues Dividends and interest Other investment income Haze Trust - subsidiary equity loss Short term capital gains Long term capital losses $ 2,664,656 273,711 (7, 599, 307) 182,016 (13,846,878) Total revenues (18,325,802) Expenses Other expenses 1,443 Total expenses 1,443 Net loss (18,327,245) $ HAZE TRUST FINANCIAL REPORT As Of November 30, 2014 HAZE TRUST Statement of Assets, Liabilities and Net Assets Income Tax Basis as of November 30, 2014 ASSETS Current assets Due from brokers Marketable securities, at cost $ 43,910,441 18,715,244 Total current assets 62,625,685 $ Other assets Investment partnerships, at cost Total other assets EFTA01471763 25,915,413 25,915,413 $ TOTAL ASSETS 88,541,097 LIABILITIES AND NET ASSETS Net assets Net Contributions Accumulated income $ 38,005,211 50,535,886 Total net assets 88,541,097 TOTAL LIABILITIES AND NET ASSETS $ 88,541,097 HAZE TRUST Statement of Revenues and Expenses Income Tax Basis For the Period January 1, 2014 to November 30, 2014 Revenues Dividends and interest Short term capital losses Long term capital losses $ 896,935 (2, 192) (8, 494, 050) Total revenues (7, 599, 307) Net loss (7, 599, 307) $ EFTA01471764