EFTA00196852¶
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 |
Fund Activity … 7¶
Your Messages 9¶
| FINANCIAL TRUST COMPANY INC |
| C/O AMERICAN YACHT HARBOR |
| 6100 RED HOOK SUTE B-3 |
| QUAETERS #2 |
| ST THOMAS VI 00802-1348 |
CLEARED THROUGH ITS¶
WHOLLY OWNED SUBSIDIARY¶
Your Portfolio at a Glance¶
Bear, Steams Securities Corp.¶
One Metrotech Center North¶
Brooklyn, New York 11201-3859¶
There are no “Stop Loss” orders or other pending buy or sell open orders on file for your account.¶
Market Value of Your Portfolio¶
| TOTAL VALUE OF SECURITIES THIS PERIOD | 82,480,888 |
| MONEY MARKET FUND BALANCE | 155,790 |
| NET EQUITY THIS PERIOD | $82,636,678 |
| NET EQUITY LAST STATEMENT | 89,214,910 |
| CHANGE SINCE LAST STATEMENT | -6,578,232 |
TAXPAYER NUMBER On File¶
| LAST STATEMENT | August 31, 2005 |¶
| :--- | :--- |¶
ACCOUNT NUMBER¶
STATEMENT PERIOD September 1, 2005¶
FINANCIAL TRUST COMPANY INC¶
THROUGH September 30, 2005¶
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 Matteroch Center North, Brooklyn, N.Y. 11201-3859.¶
C 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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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¶
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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 | $0.00 |
| Money Fund | 11,012,745.80 |
| Funds Deposited | 246,043.09 |
| Dividends/Interest | 60,796.00 |
| Amount Credited | $11,319,584.89 |
| Money Fund | -319,584.89 |
| Funds Withdrawn | -1,000,000.00 |
| Miscellaneous | -10,000,000.00 |
| Amount Debited | $-11,319,584.89 |
| Closing Balance | $0.00 |
Income Summary¶
| THIS PERIOD | YEAR TO DATE | |
| Dividends | 73,541.80 | 1,992,305.81 |
| Credit Balance Int. | 0.00 | 2,395.40 |
| Total | $73,541.80 | $1,994,701.21 |
| Foreign Tax Withheld | 0.00 | -2,227.67 |
Portfolio Composition¶
| SHORT | LONG | |
| Cash/Cash Equivalent | 155,790 | |
| Equities | 8,000 | 82,488,888 |
| Total | $8,000 | $82,644,678 |
CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY¶
Bear, Stearns Securities Corp.¶
One Metrotech Center North Brooklyn, New York 11201-3859¶
FINANCIAL TRUST COMPANY INC¶
| STATEMENT PERIOD | September 1, 2005 |
|---|---|
| THROUGH | September 30, 2005 |
| ACCOUNT NUMBER | |
| TAXPAYER NUMBER | On File |
| LAST STATEMENT | August 31, 2005 |
Your Portfolio Allocation¶
Unshaded portions denote debit balance and/or short market values. The allocation percentage is derived from the absolute market value of your portfolio.¶
EFTA00196855¶
BEAR STEARNS¶
OFFICE SERVICING YOUR ACCOUNT¶
Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179¶
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Your Portfolio Holdings¶
CASH & CASH EQUIVALENTS¶
| DESCRIPTION | SYMBOL/CUSIP | QUANTITY | PRICE | MARKET VALUE | ESTIMATED ANNUAL INCOME | CURRENT YIELD (%) |
|---|---|---|---|---|---|---|
| DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES EST. 30 DAY AVG YIELD 3,6200% | DICXX | 155,790.01 | 1.0000 | 155,790 | 5,297 | 3.4001 |
| TOTAL CASH & CASH EQUIVALENTS | $155,790 | $5,297 |
CLEARED THROUGH ITS¶
WHOLLY OWNED SUBSDIARY¶
Equities & Options¶
EQUITIES¶
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.¶
Bear, Steams Securities Corp.¶
One Metrotech Center North¶
Brooklyn, New York 11201-3859¶
STATEMENT PERIOD September 1, 2005¶
ACCOUNT NUMBER¶
| LAST STATEMENT | August 31, 2005 |¶
| :--- | :--- |¶
TAXPAYER NUMBER On File¶
FINANCIAL TRUST COMPANY INC¶
THROUGH September 30, 2005¶
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(%) |
| BEAR STEARNS COMPANIES INC | BSC | CASH | 450,000 | 109.7500 | 49,387,500 | 450,000 | 0.9112 |
| COLGATE PALMOLIVE CO BSC RATING:STOCK O/SECTOR MW FULCRUM GLOBAL PARTNERS,LLC RATING:B | CL | CASH | 106,200 | 52.7900 | 5,606,298 | 123,192 | 2.1974 |
| CALL COLGATE PALM NOV055**** EXP 11/19/2005 | CLK55 | CASH | -200 | 0.4000 | -8,000 |
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BEAR STEARNS¶
OFFICE SERVICING YOUR ACCOUNT¶
Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179¶
CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY¶
5 of 10¶
Bear, Steams Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859¶
Your Portfolio Holdings (continued)¶
FINANCIAL TRUST COMPANY INC¶
Equities & Options (continued)¶
STATEMENT PERIOD September 1, 2005¶
| THROUGH | September 30, 2005 |¶
| :--- | :--- |¶
| DESCRIPTION | SYMBOL/CUSIP | ACT TYPE | QUANTITY | PRICE | MARKET VALUE | CURRENT YIELD (%) | |
|---|---|---|---|---|---|---|---|
| DEERFIELD TRIARC CAP CORP ACCREDITED INVESTORS | CASH | 1,000,000 | 13.8500 | 13,850,000 | |||
| EQUITY OFFICE PROPERTIES TRUST SBI BSC RATING: STOCK P/SECTOR MW GREEN STREET ADVISORS, INC. RATING: S | EOP | CASH | 110,000 | 32.7100 | 3,598,100 | 220,000 | 6.1143 |
| ENVIRONMENTAL SOLUTIONS WORLDWIDE INC | ESWW | CASH | 100,000 | 0.6700 | 67,000 | ||
| IFIL(IST FIN ITAL) EUR1 INVST CL | IFPSF | CASH | 100,000 | 4.4890 | 448,900 | 8,200 | 1.8267 |
| KERZNER INTERNATIONAL LTD BSC RATING: STOCK P/SECTOR MW NED DAVIS RESEARCH RATING: B | KZL | CASH | 10,000 | 55.5500 | 555,500 | ||
| MACK-CALI REALTY CORP BSC RATING: STOCK P/SECTOR MW GREEN STREET ADVISORS, INC. RATING: H | CLI | CASH | 88,100 | 44.9400 | 3,959,214 | 222,012 | 5.6075 |
| TOO INC BSC RATING: STOCK P/SECTOR MW GARP RESEARCH RATING: B | TOO | CASH | 50,000 | 27.4300 | 1,371,500 | ||
| VECTOR GROUP LTD | VGR | CASH | 159,589 | 20.0100 | 3,193,376 | 255,342 | 7.9960 |
| WYNN RESORTS LTD BSC RATING: STOCK O/SECTOR MW WALL STREET STRATEGIES RATING: H | WYNN | CASH | 10,000 | 45.1500 | 451,500 | ||
| Total Equities& Options | $82,480,888 | $1,278,746 | |||||
| TOTAL EQUITIES | $82,480,888 | $1,278,746 | |||||
ACCOUNT NUMBER¶
| LAST STATEMENT | August 31, 2005 |¶
| :--- | :--- |¶
TAXPAYER NUMBER On File¶
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EFTA00196857¶
BEAR STEARNS¶
OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179¶
CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY¶
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Bear, Steams Securities Corp.¶
One Metrotech Center North Brooklyn, New York 11201-3859¶
FINANCIAL TRUST COMPANY INC¶
Your Portfolio Holdings (continued)¶
STATEMENT PERIOD September 1, 2005¶
THROUGH September 30, 2005¶
| YOUR PORTFOLIOHOLDINGSESTIMATED ANNUAL INCOME | $1,284,043 |
| YOUR PRICED PORTFOLIOHOLDINGS | $82,636,678 |
ACCOUNT NUMBER¶
TAXPAYER NUMBER On File¶
| LAST STATEMENT | August 31, 2005 |¶
| :--- | :--- |¶
Transaction Detail¶
INVESTMENT ACTIVITY¶
| SETTLEMENT DATE | TRADE DATE | TRANSACTION | DESCRIPTION | SYMBOL/CUSIP | QUANTITY | PRICE | DEBIT AMOUNT | CREDIT AMOUNT |
|---|---|---|---|---|---|---|---|---|
| 09/29/05 | 09/20/05 | BOUGHT | VECTOR GROUP LTD SEE NOTE "S" ON BACK STK DIV ON 151990 SHS REC 09/20/05 PAY 09/29/05 AS OF 09/20/05 | VGR | 7,599 |
DEPOSITS AND WITHDRAWALS¶
| DATE | TRANSACTION | DESCRIPTION | DEBIT AMOUNT | CREDIT AMOUNT |
|---|---|---|---|---|
| 09/06/05 | FUNDS REC | FNDS WIRED TO CITIBANK FROM IPMORGAN CHASE | 246,043.09 |
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BEAR STEARNS¶
OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179¶
CLEARED THROUGH ITS CLEARLY WOUNDED SUBSIDIARY¶
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Bear, Steams Securities Corp.¶
One Meterobite Center North Brooklyn, New York 11201-3859¶
FINANCIAL TRUST COMPANY INC¶
Transaction Detail (continued)¶
STATEMENT PERIOD September 1, 2005¶
DEPOSITS AND WITHDRAWALS (continued)¶
THROUGH September 30, 2005¶
ACCOUNT NUMBER¶
TAXPAYER NUMBER On File¶
| LAST STATEMENT | August 31, 2005 |¶
| :--- | :--- |¶
| DATE | TRANSACTION | DESCRIPTION | DEBIT AMOUNT | CREDIT AMOUNT |
|---|---|---|---|---|
| 09/12/05 | FND WIRED | MDA# FNDS WIRED TO JPMORGAN CHASE BANK NA | 1,000,000.00 | |
| TOTAL | -$1,000,000.00 | $246,043.09 | ||
MONEY FUND ACTIVITY¶
| DATE MO/DAY | TRANSACTION | DESCRIPTION | SYMBOL/CUSIP | QUANTITY | PRICE | DEBIT AMOUNT | CREDIT AMOUNT |
|---|---|---|---|---|---|---|---|
| 09/01/05 | OPENINGBALANCE | 10,836,205.12 |
| 09/01/05 | SOLD | DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES | DICXX | -10,000,000 | 1.0000 | 10,000,000.00 | |
|---|---|---|---|---|---|---|---|
| 09/01/05 | DIVIDEND | DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES MONTHLY DIVIDEND | DICXX | 12,745.80 | |||
| 09/01/05 | REINVEST | DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES DIVIDEND REINVEST | DICXX | 12,745.80 | 12,745.80 | ||
| 09/07/05 | BOUGHT | DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES | DICXX | 246,043.09 | 1.0000 | 246,043.09 | |
| 09/12/05 | SOLD | DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES | DICXX | -1,000,000 | 1.0000 | 1,000,000.00 | |
| 09/29/05 | BOUGHT | DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES | DICXX | 60,796 | 1.0000 | 60,796.00 | |
| 09/30/05 | CLOSING BALANCE | 155,790.01 |
| 09/30/05 | CLOSINGBALANCE | 155,790.01 | |
| TOTAL | -319,584.89 | $11,012,745.80 | |
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EFTA00196859¶
BEAR STEARNS¶
OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179¶
CLEARED THROUGH ITS CLEARLY WOUNDED SUBSIDIARY¶
8 of 10¶
Bear, Steams Securities Corp.¶
One Metrotech Center North¶
Brooklyn, New York 11201-3859¶
FINANCIAL TRUST COMPANY INC¶
Transaction Detail (continued)¶
STATEMENT PERIOD September 1, 2005¶
DIVIDENDS¶
THROUGH September 30, 2005¶
ACCOUNT NUMBER¶
TAXPAYER NUMBER On File¶
| LAST STATEMENT | August 31, 2005 |¶
| :--- | :--- |¶
| DATE | DESCRIPTION | SYMBOL/CUSIP | QUANTITY | RATE ($) | DEBIT AMOUNT | CREDIT AMOUNT |
|---|---|---|---|---|---|---|
| 09/29/05 | VECTOR GROUP LTD | VGR | 151,990 | 0.4000 | 60,796.00 | |
| REC 09/20/05 PAY 09/29/05 | ||||||
| TOTAL | $60,796.00 | |||||
MISCELLANEOUS¶
| DATE MO/DAY | TRANSACTION | DESCRIPTION | DEBIT AMOUNT | CREDIT AMOUNT |
|---|---|---|---|---|
| 09/01/05 | JOURNAL | TO | 10,000,000.00 | |
| TOTAL | -$-10,000,000.00 | |||
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EFTA00196860¶
BEAR STEARNS¶
OFFICE SERVICING YOUR ACCOUNT¶
Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179¶
CLEARED THROUGH ITS CLEARLY WOUNDED SUBSIDIARY¶
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Bear, Steams Securities Corp.¶
One Metrotech Center North¶
Brooklyn, New York 11201-3859¶
FINANCIAL TRUST COMPANY INC¶
A complete copy of the Bear, Stearns Securities Corp, Statement of Financial Condition is available on the web site www.bearstearns.com. Alternatively, to request a free printed copy please call - toll free 1-866-299-9331.¶
Your messages¶
At May 31, 2005 and July 31, 2005, the Company’s net capital of approximately $4.1 billion and $3.9 billion was approximately 6% and 7% of aggregate debit items and exceeded the minimum regulatory net capital requirement of approximately $1.3 billion and $1.1 billion by approximately $2.8 billion and $2.8 billion, all respectively.¶
Bear, Stearns Securities Corp, Net Capital and Net Capital Requirements:¶
STATEMENT PERIOD September 1, 2005¶
THROUGH September 30, 2005¶
AGCOUNT NUMBER¶
TAXPAYER NUMBER On File¶
| LAST STATEMENT | August 31, 2005 |¶
| :--- | :--- |¶
Securities and other assets in your account are the firm’s collateral for any margin loan made to you. If the securities and other assets in your account decline in value, so does the value of the collateral supporting your loan, and, as a result, the firm can take action, such as issue a margin call and/or sell securities or other assets in any of your accounts held with the member, in order to maintain the required equity in the account. It is important that you fully understand the risks involved in trading securities on margin. These risks include the following:¶
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You can lose more funds than you deposit in the margin account.
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The firm can force the sale of securities or other assets in your account(s).
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The firm can sell your securities or other assets without contacting you.
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You are not entitled to choose which securities or other assets in your account(s) are liquidated or sold to meet a margin call.
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The firm can increase its “house” maintenance margin requirements at any time and is not required to provide you advance written notice.
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You are not entitled to an extension of time on a margin call.
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EFTA00196861¶
BEAR STEARNS¶
OFFICE SERVICING YOUR ACCOUNT¶
Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179¶
10 of 10¶
Bear, Steams Securities Corp.¶
One Meterotech Center North Brooklyn, New York 11201-3859¶
FINANCIAL TRUST COMPANY INC¶
This statement is provided to explain Bear, Stearns & Co. Inc.’s (“BSC”) payment for order flow practices.¶
BSC routes a majority of orders for customer securities transactions to the primary market for such securities. Orders may also be routed to other market service vendors that assure executions pursuant to complex mathematical formulas at better than the national best bid or best offer (NBBO). BSC receives no cash payment or other consideration for such order routing other than favorable executions or executions of limit orders at no additional charge.¶
| STATEMENT PERIOD | September 1, 2005 |¶
| :--- | :--- |¶
| THROUGH | September 30, 2005 |¶
Pursuant to SEC Rule 11Ac1-6, please note the following:¶
Bear, Stearns & Co., Inc. will post its quarterly routing statistics at the following web link: http://www.bearstearns.com/. Click on Individual Investor, Click on Equities, Click on Order Routing Practices.¶
Customers of Bear, Stearns & Co. Inc. may request information on any order executed within the prior six months from the time of the request. Specifically, you may request the identity of the venue to which the identified orders were routed for execution, whether the order was directed by you to that venue, and the time of the executions, if any, that resulted from such orders.¶
STOP¶
******* End of Statement*******¶
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