From: Richard Joslin

From: Richard Joslin To: jeffrey E. <jeevacation a mail.com>, Eileen Alexanderson Richard D'Agostino CC: Subject: Trust reporting - BFP LP look through Date: Fri, 21 Nov 2014 13:09:23 +0000 Attachments: FIN_STMTS_09-30-14_GLOBAL_LOOK_THRU.pdf; TRUST_INSURANCE_- _FINE_ART.pdf; FINANCIAL INVESTMENTS_-_BFP_LOOK_THRU.pdf I prepared the attached version of financial statements to accompany the previously handed out materials. I have shown BFP LP assets on a look though basis, with BFP assets apportioned 19.72% to the trusts. While 89% of BFP LP assets is APO/ BRH, there is 8.2% or approx. $46M of financial investments that are the trust's aliquot share. I think this provides a better reflection of the trust's financial investments and a slightly better reflection of overall composition of assets by class. Not essential as a distribution today but I thought it might be helpful. Let me know if you think I should add to package, i.e. email RR and hand out at meeting. I received the insurance policies yesterday and I have a two page handout summarizing the carriers and the premium allocation among the trusts based on FMV. I think it would be helpful to have this approved. Richard Joslin CFO Ste. 1401 New York, NY 10022 (w) (c) (f) EFTA01131904