EFTA00196775¶
OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179¶
| | |¶
| :--- | :--- |¶
| ACCOUNT EXECUTIVE | ZICHERMAN,IRA |¶
| TELEPHONE | |¶
| VISIT OUR WEBSITE | www.bearstearns.com |¶
What’s In This Statement¶
Financial Summary 3¶
Your Portfolio Holdings … 4¶
| Transaction Detail | 6 |
| FINANCIAL TRUST COMPANY INC |
| C/O AMERICAN YACHT HARBOR * |
| 6100 RED HOOK SUITE B-3 |
| QUARTERS #2 |
| ST THOMAS VI 00802 |
CLEARED THROUGH ITS¶
WHOLLY OWNED SUBSIDIARY¶
Your Portfolio at a Glance¶
Bear, Steams Securities Corp.¶
One Metrotech Center North¶
Brooklyn, New York 11201-3859¶
| TOTAL VALUE OF SECURITIES THIS PERIOD | 73,256,770 |
| NET DEBIT BALANCE | -29,070,063 |
| NET EQUITY THIS PERIOD | $44,186,707 |
| NET EQUITY LAST STATEMENT | 49,113,488 |
| CHANGE SINCE LAST STATEMENT | -4,926,781 |
There are no “Stop Loss” orders or other pending buy or sell open orders on file for your account.¶
TAXPAYER NUMBER On File¶
STATEMENT PERIOD July 1, 2004¶
| LAST STATEMENT | June 30, 2004 |¶
| :--- | :--- |¶
ACCOUNT NUMBER¶
Market Value of Your Portfolio¶
FINANCIAL TRUST COMPANY INC¶
THROUGH July 30, 2004¶
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.¶
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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EFTA00196776¶
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¶
EFTA00196777¶
BEAR STEARNS¶
OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179¶
3 of 7¶
Cash Flow Analysis¶
| THIS PERIOD | |
| OpeningBalance | -28,772,875.93 |
| Dividends/Interest | 127,533.00 |
| Miscellaneous | 24,618,788.69 |
| Amount Credited | $24,746,321.69 |
| Funds Withdrawn | -25,000,000.00 |
| Dividends/Interest Charged | -41,475.24 |
| Miscellaneous | -2,033.91 |
| Amount Debited | -25,043,509.15 |
| Net Cash Activity | -297,187.46 |
| Closing Balance | -29,070,063.39 |
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.¶
Income Summary¶
| THIS PERIOD | YEAR TO DATE | |
| Dividends | 127,533.00 | 754,937.40 |
| Substitute Payment | 0.00 | 85,222.00 |
| Credit Balance Int. | 0.00 | 398.34 |
| Total | $127,533.00 | $840,557.74 |
| Foreign Tax Withheld | -2,033.91 | -2,033.91 |
| Margin Int. Paid | -41,475.24 | -265,533.50 |
Portfolio Composition¶
| SHORT | LONG | |
| Cash/Cash Equivalent | 29,070,063 | |
| Equities | 73,256,770 | |
| Total | $29,070,063 | $73,256,770 |
Cash Balance Summary¶
| OPENING | CLOSING | |
| Cash | 1,658,956.03 | 0.00 |
| Margin | -30,431,831.96 | -29,070,063.39 |
| Net Cash Balance | -28,772,875.93 | -29,070,063.39 |
CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY¶
Your Portfolio Allocation¶
Bear, Steams Securities Corp.¶
One Metrotech Center North¶
Brooklyn, New York 11201-3859¶
STATEMENT PERIOD July 1, 2004¶
FINANCIAL TRUST COMPANY INC¶
THROUGH July 30, 2004¶
TAXPAYER NUMBER On File¶
| LAST STATEMENT | June 30, 2004 |¶
| :--- | :--- |¶
ACCOUNT NUMBER¶
Unshaded portions denote debit balance and/or short market values. The allocation percentage is derived from the absolute market value of your portfolio.¶
EFTA00196778¶
BEAR STEARNS¶
OFFICE SERVICING YOUR ACCOUNT¶
Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179¶
CLEARED THROUGH ITS CLEARLY WOUNDED SUBSIDIARY¶
4 of 7¶
CASH & CASH EQUIVALENTS¶
| DESCRIPTION | SYMBOL/CUSIP | QUANTITY | PRICE | MARKET VALUE | ESTIMATED ANNUAL INCOME | CURRENT YIELD (%) |
|---|---|---|---|---|---|---|
| CASH BALANCE | -29,070,063 | |||||
| TOTAL CASH & CASH EQUIVALENTS | $-29,070,063 |
Bear, Steams Securities Corp.¶
One Metrotech Center North¶
Brooklyn, New York 11201-3859¶
Your Portfolio Holdings¶
Equities & Options¶
EQUITIES¶
STATEMENT PERIOD July 1, 2004¶
The research ratings for Bear Stearns (BSC) are shown for certain securities covered by the Firm’s Equity Research Department. The first rating represents the stock’s total return relative to the other stocks covered by that Analyst. The key for the stock rating values is as follows: O = Outperform; P = Peer Perform; U = Underperform. The second rating represents the rating of the coverage universe relative to the regional broader market index. The key for the sector rating is as follows: MO = Market Overweight; MW = Market Weight; MU = Market Underweight. In cases where a BSC rating is present, the name of an independent, third-party research provider and their rating may also be displayed, where such research is available. The various providers have normalized their ratings systems as follows: B = Buy; H = Hold; S = Sell. The ratings information contained herein is for informational purposes only and is not intended to provide tax, legal or investment advice. Bear Stearns is neither soliciting any action based on such information, nor endorsing any recommendation or opinion expressed by any independent, third-party research provider. The symbol indicates that continuing coverage of the subject company is temporarily not available due to legal reasons.¶
FINANCIAL TRUST COMPANY INC¶
AGCOUNT NUMBER¶
THROUGH July 30, 2004¶
TAXPAYER NUMBER On File¶
| LAST STATEMENT | June 30, 2004 |¶
| :--- | :--- |¶
Independent, third-party research on certain companies covered by the Firm’s research is available to customers of Bear Stearns at no cost, Customers can access this research at www.bearstearns.com or can call (800) 517-2327 to request that a copy of this research be sent to them.¶
| DESCRIPTION | SYMBOL/CUSIP | ACCT TYPE | QUANTITY | PRICE | MARKET VALUE | ESTIMATED ANNUAL INCOME | CURRENT YIELD(%) |
| BANK OF AMERICA CORP BSC RATING:STOCK O/SECTOR MW N,A,B,RESEARCH,L,L,C. RATING:B | BAC | MRGN | 100,000 | 85.0100 | 8,501,000 | 360,000 | 4.2348 |
| WALT DISNEY CO HOLDING CO BSC RATING:STOCK P/SECTOR MO BOYAR'S ALTERNATIVE VIEWPOINT RATING:B | DIS | CASH | 250,000 | 23.0900 | 5,772,500 | 52,500 | 0.9095 |
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EFTA00196779¶
BEAR STEARNS¶
OFFICE SERVICING YOUR ACCOUNT¶
Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179¶
CLEARED THROUGH ITS CLEARLY WOUNDED SUBSIDIARY¶
Bear, Steams Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859¶
5 of 7¶
Your Portfolio Holdings (continued)¶
FINANCIAL TRUST COMPANY INC¶
Equities & Options (continued)¶
STATEMENT PERIOD July 1, 2004¶
| DESCRIPTION | SYMBOL/CUSIP | ACCT TYPE | QUANTITY | PRICE | MARKET VALUE | ESTIMATED ANNUAL INCOME | CURRENT YIELD (%) |
|---|---|---|---|---|---|---|---|
| WALT DISNEY CO HOLDING CO BSC RATING: STOCK P/SECTOR MO BOYAR S ALTERNATIVE VIEWPOINT RATING: B | DIS | MRGN | 1,000,000 | 23.0900 | 23,090,000 | 210,000 | 0.9095 |
| FLEXTRONICS INTERNATIONAL LTD BSC RATING: STOCK O/SECTOR MO ATLANTIS RESEARCH RATING: B | FLEX | CASH | 100,000 | 12.5700 | 1,257,000 | ||
| IFIL(IST FIN ITAL) EUR1 INVST CL | IFPSF | CASH | 100,000 | 3.3040 | 330,400 | 8,891 | 2.6910 |
| MBNA CORP BSC RATING: STOCK O/SECTOR MW BOYAR S ALTERNATIVE VIEWPOINT RATING: B | KRB | MRGN | 1,000,000 | 24.6900 | 24,690,000 | 480,000 | 1.9441 |
| TYCO INTERNATIONAL LTD | TYC | MRGN | 100,000 | 31.0000 | 3,100,000 | 5,000 | 0.1613 |
| VECTOR GROUP LTD | VGR | MRGN | 412,658 | 15.7900 | 6,515,870 | 660,253 | 10.1330 |
| Total Equities& Options | $73,256,770 | $1,776,644 | |||||
| TOTAL EQUITIES | $73,256,770 | $1,776,644 |
THROUGH July 30, 2004¶
ACCOUNT NUMBER¶
| LAST STATEMENT | June 30, 2004 |¶
| :--- | :--- |¶
TAXPAYER NUMBER On File¶
| YOUR PORTFOLIOHOLDINGSESTIMATED ANNUAL INCOME | $1,776,644 |
| YOUR PRICED PORTFOLIOHOLDINGS | $44,186,707 |
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v858¶
EFTA00196780¶
BEAR STEARNS¶
OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179¶
CLEARED THROUGH ITS CLEARLY WOUNDED SUBSIDIARY¶
6 of 7¶
Bear, Steams Securities Corp.¶
One Metrotech Center North¶
Brooklyn, New York 11201-3859¶
DEPOSITS AND WITHDRAWALS¶
| DATE | TRANSACTION | DESCRIPTION | DEBIT AMOUNT | CREDIT AMOUNT | |
|---|---|---|---|---|---|
| 07/06/04 | FND WIRED | MDA CITIBANK NA | FNDS WIRED TO BOOK | 12,500,000.00 | |
| 07/06/04 | FND WIRED | MDA# CITIBANK NA | NDS WIRED TO BOOK | 12,500,000.00 | |
| TOTAL | $-25,000,000.00 | ||||
Transaction Detail¶
FINANCIAL TRUST COMPANY INC¶
STATEMENT PERIOD July 1, 2004¶
THROUGH July 30, 2004¶
ACCOUNT NUMBER¶
| DATE | DESCRIPTION | SYMBOL/CUSIP | QUANTITY | RATE ($) | DEBIT AMOUNT | CREDIT AMOUNT |
|---|---|---|---|---|---|---|
| 07/01/04 | IFIL(IST FIN ITAL) | IFPSF | 100,000 | 0.0620 | 7,533.00 | |
| EUR1 INVST CL | WH | 2,033.91 | ||||
| REC 06/30/04 PAY 07/01/04 | ||||||
| FOREIGN TAX WITHHELD | ||||||
| 07/01/04 | MBNA CORP | KRB | 1,000,000 | 0.1200 | 120,000.00 | |
| REC 06/14/04 PAY 07/01/04 | ||||||
| TOTAL | -2,033.91 | $127,533.00 | ||||
TAXPAYER NUMBER On File¶
| LAST STATEMENT | June 30, 2004 |¶
| :--- | :--- |¶
DIVIDENDS¶
INTEREST¶
| DATE | DESCRIPTION | SYMBOL/CUSIP | QUANTITY | RATE (%) | DEBIT AMOUNT | CREDIT AMOUNT |
|---|---|---|---|---|---|---|
| 07/21/04 | INT DB | 41,475.24 | ||||
| 06/21 - 07/20 @01.93262% | ||||||
| BAL | ||||||
| TOTAL | -41,475.24 | |||||
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EFTA00196781¶
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 |
|---|---|---|---|---|
| 07/01/04 | JOURNAL | FROM | 178,069.00 | |
| 07/01/04 | JOURNAL | FROM | 348,313.00 | |
| 07/01/04 | JOURNAL | FROM: XBI/ * JRL * | -USD | 23,000,000.00 |
| 07/02/04 | JOURNAL | JOURNAL FROM TYPE 1 TO 2 | 2,190,837.12 | |
| 07/02/04 | JOURNAL | JOURNAL FROM TYPE 1 TO 2 | 2,190,837.12 | |
| 07/14/04 | JOURNAL | FROM: XBI/ PER LOA * JRL * | -USD | 1,092,406.69 |
| TOTAL | -$2,190,837.12 | $26,809,625.81 | ||
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 July 1, 2004¶
| LAST STATEMENT | June 30, 2004 |¶
| :--- | :--- |¶
TAXPAYER NUMBER On File¶
THROUGH July 30, 2004¶
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