EFTA00196695¶
OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179¶
CLEARED THROUGH ITS¶
WHOLLY OWNED SUBSIDIARY¶
| | |¶
| :--- | :--- |¶
| ACCOUNT EXECUTIVE | ZICHERMAN, IRA |¶
| TELEPHONE | |¶
| VISIT OUR WEBSITE | www.bearstearns.com |¶
| Financial Summary | 3 |
| Your Portfolio Holdings | 4 |
| Transaction Detail | 5 |
| Your Messages | 7 |
What’s In This Statement¶
| FINANCIAL TRUST COMPANY INC |
| C/O AMERICAN YACHT HARBOR * |
| 6100 RED HOOK SUITE B-3 |
| QUARTERS #2 |
| ST THOMAS VI 00802 |
Bear, Steams Securities Corp.¶
One Metrotech Center North¶
Brooklyn, New York 11201-3859¶
FINANCIAL TRUST COMPANY INC¶
STATEMENT PERIOD May 31, 2003¶
THROUGH June 27, 2003¶
ACCOUNT NUMBER¶
TAXPAYER NUMBER On File¶
| LAST STATEMENT | May 30, 2003 |¶
| :--- | :--- |¶
Your Portfolio at a Glance¶
| TOTAL VALUE OF SECURITIES THIS PERIOD | 34,092,928 |
| NET CREDIT BALANCE | 515,765 |
| NET EQUITY THIS PERIOD | $34,608,693 |
| NET EQUITY LAST STATEMENT | 30,080,151 |
| CHANGE SINCE LAST STATEMENT | 4,528,543 |
There are no “Stop Loss” orders or other pending buy or sell open orders on file for your account.¶
Market Value of Your Portfolio¶
Confirmation: Unless we hear from you to the contrary, it is our understanding that any free credit balances in your account are being maintained to facilitate your intention to invest such amounts through us.¶
Please report any difference or non-receipt of checks or stocks, indicated as delivered to you, to Client Services at 800-634-1428; or write to Client Services at Bear, Steams Securities Corp., One Metrotech Center North, Brooklyn, N.Y. 11201-3859.¶
Important Message¶
This summary is for informational purposes only. It is not intended as a tax document.¶
This statement should be retained for your records. See reverse side for important information.¶
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EFTA00196696¶
CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY¶
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Bear, Steams Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859¶
FINANCIAL TRUST COMPANY INC¶
STATEMENT BACKER IS PRINTED ON THIS PAGE¶
027¶
EFTA00196697¶
BEAR STEARNS¶
OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179¶
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Cash Flow Analysis¶
| THIS PERIOD | |
| OpeningBalance | -2,837,738.38 |
| Funds Deposited | 3,203,000.00 |
| Dividends/Interest | 119,659.20 |
| Miscellaneous | 37,544.00 |
| Amount Credited | $3,360,203.20 |
| Dividends/Interest Charged | -6,699.61 |
| Amount Debited | -6,699.61 |
| Net Cash Activity | 3,353,503.59 |
| ClosingBalance | $515,765.21 |
Same day transfers of cash between account types are not included in this section; such transfers, as well as details for all other transactions this period, appear in Transaction Detail.¶
Cash Balance Summary¶
| OPENING | CLOSING | |
| Cash | 2,056,913.05 | 5,259,913.05 |
| Margin | -5,167,150.69 | -5,021,647.10 |
| Short | 272,499.26 | 277,499.26 |
| Net Cash Balance | $-2,837,738.38 | $515,765.21 |
Income Summary¶
| THIS PERIOD | YEAR TO DATE | |
|---|---|---|
| Dividends | 119,659.20 | 204,183.71 |
| Substitute Payment | 37,544.00 | 194,747.20 |
| Credit Balance Int. | 0.00 | 674.89 |
| Total | $157,203.20 | $399,605.80 |
| Margin Int. Paid | -6,699.61 | -43,688.50 |
Portfolio Composition¶
| SHORT | LONG | |
| Cash/Cash Equivalent | 515,765 | |
| Equities | 273,500 | 34,366,428 |
| Total | $273,500 | $34,882,193 |
CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY¶
Bear, Steams Securities Corp. One Metrotech Center North Brocklyn, New York 11201-3859¶
FINANCIAL TRUST COMPANY INC¶
| STATEMENT PERIOD | May 31,2003 |
| THROUGH | June 27,2003 |
| ACCOUNT NUMBER | |
| TAXPAYER NUMBER | On File |
| LAST STATEMENT | May 30,2003 |
Your Portfolio Allocation¶
06/28/03;12:00 001¶
Unshaded portions denote debit balance and/or short market values. The allocation percentage is derived from the absolute market value of your portfolio.¶
EFTA00196698¶
BEAR STEARNS¶
OFFICE SERVICING YOUR ACCOUNT¶
Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179¶
4 of 7¶
Your Portfolio Holdings¶
CASH & CASH EQUIVALENTS¶
| DESCRIPTION | SYMBOL/CUSIP | QUANTITY | PRICE | MARKET VALUE | ESTIMATED ANNUAL INCOME | CURRENT YIELD (%) |
|---|---|---|---|---|---|---|
| CASH BALANCE | 515,765 | |||||
| TOTAL CASH & CASH EQUIVALENTS | $515,765 |
EQUITIES¶
Equities & Options¶
| DESCRIPTION | SYMBOL/CUSIP | ACCT TYPE | QUANTITY | PRICE | MARKET VALUE | ESTIMATED ANNUAL INCOME | CURRENT YIELD (%) |
|---|---|---|---|---|---|---|---|
| FLEXTRONICS INTERNATIONAL LTD | FLEX | MRGN | 100,000 | 10.5600 | 1,056,000 | ||
| GALYANS TRADING INC | GLYN | MRGN | 150,000 | 14.0700 | 2,110,500 | ||
| HOLLINGER INTERNATIONAL INC CL A | HLR | SHRT | -25,000 | 10.9400 | -273,500 | -5,000 | 1.8282 |
| MBNA CORP | KRB | MRGN | 1,000,000 | 20.7500 | 20,750,000 | 320,000 | 1.5422 |
| TYCO INTERNATIONAL LTD | TYC | MRGN | 100,000 | 19.2000 | 1,920,000 | 5,000 | 0.2604 |
| VECTOR GROUP LTD | VGR | MRGN | 393,008 | 17.6500 | 6,936,591 | 628,813 | 9.0652 |
| SENTIGEN HOLDING CP RSTD Total Equities& Options | CASH | 333,334 | 4.7800 | 1,593,337 | |||
| TOTAL EQUITIES | $34,092,928 | $948,813 |
| YOUR TOTAL ESTIMATED ANNUAL INCOME | $948,813 |
| YOUR PRICED PORTFOLIOHOLDINGS | $34,608,693 |
CLEARED THROUGH ITS¶
WHOLLY OWNED SUBSIDIARY¶
Bear, Steams Securities Corp.¶
One Metrotech Center North¶
Brooklyn, New York 11201-3859¶
STATEMENT PERIOD May 31, 2003¶
FINANCIAL TRUST COMPANY INC¶
THROUGH June 27, 2003¶
AGCOUNT NUMBER¶
TAXPAYER NUMBER On File¶
| LAST STATEMENT | May 30, 2003 |¶
| :--- | :--- |¶
027¶
06/28/03;12:00 001¶
EFTA00196699¶
BEAR STEARNS¶
OFFICE SERVICING YOUR ACCOUNT¶
Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179¶
CLEARED THROUGH ITS¶
CLEARLY WOUNDED SUBSIDIARY¶
5 of 7¶
Bear, Steams Securities Corp.¶
One Metrotech Center North¶
Brooklyn, New York 11201-3859¶
| DATE | TRANSACTION | DESCRIPTION | DEBIT AMOUNT | CREDIT AMOUNT |
|---|---|---|---|---|
| 06/27/03 | FUNDS REC | FNDS WIRED TO CITIBANK FROM MORGAN STANLEY . CO, INC. | 3,203,000.00 | |
| TOTAL | $3,203,000.00 | |||
DEPOSITS AND WITHDRAWALS¶
Transaction Detail¶
DIVIDENDS¶
| DATE | DESCRIPTION | SYMBOL/CUSIP | QUANTITY | RATE ($) | DEBIT AMOUNT | CREDIT AMOUNT |
|---|---|---|---|---|---|---|
| 06/27/03 | VECTOR GROUP LTD REC 06/23/03 PAY 06/27/03 | VGR | 299,148 | 0.4000 | 119,659.20 | |
| TOTAL | $119,659.20 | |||||
SUBSTITUTEPAYMENTS¶
STATEMENT PERIOD May 31, 2003¶
TAXPAYER NUMBER On File¶
ACCOUNT NUMBER¶
| LAST STATEMENT | May 30, 2003 |¶
| :--- | :--- |¶
FINANCIAL TRUST COMPANY INC¶
THROUGH June 27, 2003¶
| DATE | DESCRIPTION | SYMBOL/CUSIP | QUANTITY | RATE ($) | DEBIT AMOUNT | CREDIT AMOUNT | |
|---|---|---|---|---|---|---|---|
| 06/27/03 | VECTOR GROUP LTD SUBST PAY ON 93860 SHS REC 06/23/03 PAY 06/27/03 | VGR | 37,544.00 | ||||
| TOTAL | $37,544.00 | ||||||
INTEREST¶
| DATE | DESCRIPTION | SYMBOL/CUSIP | QUANTITY | RATE (%) | DEBIT AMOUNT | CREDIT AMOUNT |
|---|---|---|---|---|---|---|
| 06/23/03 | FROM 05/21 THRU 06/20 @21/2% BAL 5170,401 AVBAL 3112,076 | 2.5000 | 6,699.61 | |||
| TOTAL | -6,699.61 |
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06/28/03;12:00 001¶
EFTA00196700¶
BEAR STEARNS¶
OFFICE SERVICING YOUR ACCOUNT¶
Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179¶
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Transaction Detail (continued)¶
MISCELLANEOUS¶
| DATE MO/DAY | TRANSACTION | DESCRIPTION | DEBIT AMOUNT | CREDIT AMOUNT |
|---|---|---|---|---|
| 06/02/03 | JOURNAL | MARK TO MARKET | 4,250.00 | |
| 06/02/03 | JOURNAL | MARK TO MARKET SHORT POS | 4,250.00 | |
| 06/09/03 | JOURNAL | MARK TO MARKET | 2,250.00 | |
| 06/09/03 | JOURNAL | MARK TO MARKET SHORT POS | 2,250.00 | |
| 06/16/03 | JOURNAL | MARK TO MARKET | 3,249.00 | |
| 06/16/03 | JOURNAL | MARK TO MARKET SHORT POS | 3,249.00 | |
| 06/23/03 | JOURNAL | MARK TO MARKET | 1,749.00 | |
| 06/23/03 | JOURNAL | MARK TO MARKET SHORT POS | 1,749.00 | |
| TOTAL | -11,498.00 | $11,498.00 | ||
CLEARED THROUGH ITS¶
WHOLLY OWNED SUBSDIARY¶
Bear, Steams Securities Corp.¶
One Metrotech Center North¶
Brooklyn, New York 11201-3859¶
FINANCIAL TRUST COMPANY INC¶
STATEMENT PERIOD May 31, 2003¶
THROUGH June 27, 2003¶
ACCOUNT NUMBER¶
TAXPAYER NUMBER On File¶
| LAST STATEMENT | May 30, 2003 |¶
| :--- | :--- |¶
027¶
06/28/03;12:00 001¶
EFTA00196701¶
BEAR STEARNS¶
OFFICE SERVICING YOUR ACCOUNT¶
Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179¶
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Your messages¶
With interest rates at their lowest in 45 years, income oriented clients are reminded of the risks inherent in attempting to maintain or increase the average yield on a fixed income portfolio. Generally, securities carrying a higher yield come with some combination of added credit risk, extended maturities, reduced liquidity, or special call features. Rising interest rates can cause a decline in the market value of your portfolio, which will impact your principal if securities are sold prior to maturity. Please consult your Bear Stearns account executive if you would like to discuss your fixed income portfolio. As a leader in Fixed Income, Bear Stearns can analyze any portfolio, held here or elsewhere and make recommendations such that your portfolio is aligned within your tolerance for risk.¶
CLEARED THROUGH ITS¶
CLEARLY WOUNDED SUBSIDIARY¶
Bear, Steams Securities Corp.¶
One Metrotech Center North¶
Brooklyn, New York 11201-3859¶
******* End of Statement*******¶
FINANCIAL TRUST COMPANY INC¶
ACCOUNT NUMBER¶
STATEMENT PERIOD May 31, 2003¶
THROUGH June 27, 2003¶
TAXPAYER NUMBER On File¶
| LAST STATEMENT | May 30, 2003 |¶
| :--- | :--- |¶
027¶
06/28/03;12:00 001¶