EFTA00201006¶
BEAR STEARNS¶
OFFICE SERVICING YOUR ACCOUNT¶
Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179¶
CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY¶
Bear, Steams Securities Corp.¶
One Metrotech Center North¶
Brooklyn, New York 11201-3859¶
JEFFREY EPSTEIN¶
STATEMENT PERIOD September 1, 2006¶
THROUGH September 29, 2006¶
JEFFREY EPSTEIN¶
ACCOUNT NUMBER¶
JEFFREY EPSTEIN¶
C/O FINANCIAL TRUST COMPANY¶
ATTN JEANNE BRENAN¶
6100 RED HOOK QUATER B-3¶
ST THOMAS VI 00802-1348¶
TAXPAYER NUMBER On File¶
| LAST STATEMENT | August 31, 2006 |¶
| :--- | :--- |¶
Pursuant to your previously issued instructions, Bear Stearns Securities Corp. provides duplicate monthly statements and/or transaction confirmations to the third parties listed on the cover page of this statement. If you wish to modify or cease distribution to any of the recipients indicated, please contact your Account Executive. This reminder notice will continue to be provided to you on your quarterly statements.¶
Third Party¶
EPSTEIN INTERESTS¶
A/C JEFFREY EPSTEIN¶
ATTN HARRY BELLER¶
457 MADISON AVE 4TH FLR¶
NEW YORK NY 10022¶
027¶
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EFTA00201007¶
OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179¶
ACCOUNT EXECUTIVE ZICHERMAN,IRA¶
VISIT OUR WEBSITE www.bearstearns.com¶
What’s In This Statement¶
Financial Summary 3¶
Your Portfolio Holdings … 4¶
CLEARED THROUGH ITS¶
WHOLLY OWNED SUBSDIARY¶
| Transaction Detail | 6 |
Fund Activity … 6¶
Your Messages … 8¶
JEFFREY EPSTEIN¶
C/O FINANCIAL TRUST COMPANY¶
ATTN JEANNE BRENAN¶
6100 RED HOOK QUATER B-3¶
ST THOMAS VI 00802-1348¶
Bear, Steams Securities Corp.¶
One Metrotech Center North¶
Brooklyn, New York 11201-3859¶
JEFFREY EPSTEIN¶
TAXPAYER NUMBER On File¶
| LAST STATEMENT | August 31, 2006 |¶
| :--- | :--- |¶
Your Portfolio at a Glance¶
STATEMENT PERIOD September 1, 2006¶
ACCOUNT NUMBER¶
THROUGH September 29, 2006¶
| TOTAL VALUE OF SECURITIES THIS PERIOD | 4,602,556 |
| MONEY MARKET FUND BALANCE | 10,513,444 |
| NET EQUITY THIS PERIOD | $15,116,000 |
| NET EQUITY LAST STATEMENT | 17,035,517 |
| CHANGE SINCE LAST STATEMENT | -1,919,517 |
There are no “Stop Loss” orders or other pending buy or sell open orders on file for your account.¶
Market Value of Your Portfolio¶
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.¶
09/30/06;08:39 001¶
EFTA00201008¶
CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY¶
2 of 10¶
Bear, Steams Securities Corp. One Metratech Center North Brooklyn, New York 11201-3859¶
JEFFREY EPSTEIN¶
STATEMENT BACKER IS PRINTED ON THIS PAGE¶
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V915¶
EFTA00201009¶
BEAR STEARNS¶
OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179¶
3 of 10¶
Cash Flow Analysis¶
| THIS PERIOD | |
| OpeningBalance | $0.00 |
| Money Fund | 2,039,059.05 |
| Dividends/Interest | 22,697.58 |
| Amount Credited | $2,061,756.63 |
| Money Fund | -61,756.63 |
| Funds Withdrawn | -2,000,000.00 |
| Amount Debited | $-2,061,756.63 |
| Closing Balance | $0.00 |
Income Summary¶
| THIS PERIOD | YEAR TO DATE | |
| Dividends | 61,756.63 | 173,469.48 |
| Total | $61,756.63 | $173,469.48 |
Portfolio Composition¶
| Cash/Cash Equivalent | 10,513,444 |
| Equities | 4,602,556 |
| Total | $15,116,000 |
027¶
CLEARED THROUGH ITS¶
WHOLLY OWNED SUBSDIARY¶
Bear, Steams Securities Corp.¶
One Metrotech Center North¶
Brooklyn, New York 11201-3859¶
STATEMENT PERIOD September 1, 2006¶
JEFFREY EPSTEIN¶
THROUGH September 29, 2006¶
Your Portfolio Allocation¶
ACCOUNT NUMBER¶
TAXPAYER NUMBER On File¶
| LAST STATEMENT | August 31, 2006 |¶
| :--- | :--- |¶
09/30/06:08:39 001¶
EFTA00201010¶
BEAR STEARNS¶
OFFICE SERVICING YOUR ACCOUNT¶
Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179¶
4 of 10¶
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 5.2300% | DICXX | 10,513,443.67 | 1.0000 | 10,513,444 | 557,213 | 5.3000 |
| TOTAL CASH & CASH EQUIVALENTS | $10,513,444 | $557,213 |
CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY¶
Equities & Options¶
EQUITIES¶
The research ratings for Bear Stearns (BSC) are shown for certain securities covered by the BSC 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 the 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 use different ratings systems and have normalized them as follows: B = Buy; H = Hold; S = Sell (this may not always correspond directly to the underlying rating system used by each provider or BSC). 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.¶
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.¶
Bear, Steams Securities Corp.¶
One Metrotech Center North¶
Brooklyn, New York 11201-3859¶
STATEMENT PERIOD September 1, 2006¶
AGCOUNT NUMBER¶
| LAST STATEMENT | August 31, 2006 |¶
| :--- | :--- |¶
JEFFREY EPSTEIN¶
TAXPAYER NUMBER On File¶
THROUGH September 29, 2006¶
| DESCRIPTION | SYMBOL/CUSIP | ACCT TYPE | QUANTITY | PRICE | MARKET VALUE | ESTIMATED ANNUAL INCOME | CURRENT YIELD(%) |
| FELCOR LODGING TRUST INC | FCH | CASH | 2,000 | 20.0500 | 40,100 | 1,600 | 3.9900 |
| GLENBOROUGH REALTY TRUST INC BSC RATING:STOCK P/SECTOR MW NED DAVIS RESEARCH RATING:H | GLB | CASH | 2,000 | 25.7300 | 51,460 | 2,200 | 4.2752 |
| GLIMCHER REALTY TRUST-SBI | GRT | CASH | 2,000 | 24.7800 | 49,560 | 3,846 | 7.7603 |
| HRPT PROPERTIES TR-SBI | HRP | CASH | 10,000 | 11.9500 | 119,500 | 8,400 | 7.0293 |
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EFTA00201011¶
BEAR STEARNS¶
OFFICE SERVICING YOUR ACCOUNT¶
Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179¶
CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY¶
Bear, Steams Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859¶
5 of 10¶
Equities & Options (continued)¶
| DESCRIPTION | SYMBOL/CUSIP | ACCT TYPE | QUANTITY | PRICE | MARKET VALUE | ESTIMATED ANNUAL INCOME | CURRENT YIELD (%) |
|---|---|---|---|---|---|---|---|
| HOSPITALITY PROPERTIES TRUST SBI | HPT | CASH | 2,000 | 47.2000 | 94,400 | 5,920 | 6.2712 |
| JOHNSON & JOHNSON BSC RATING: STOCK P/SECTOR MO NED DAVIS RESEARCH RATING: B | JNJ | CASH | 57,800 | 64.9400 | 3,753,532 | 86,700 | 2.3098 |
| WTS LUCENT TECHNOLOGIES INC EXP 12/10/2007 | LUTHW | CASH | 235 | 0.1900 | 45 | ||
| NAYARIT GOLD INC | NYRTF | CASH | 19 | 0.5810 | 11 | ||
| PAN PACIFIC RETAIL PROPERTIES INC | PNP | CASH | 436 | 69.4200 | 30,267 | 1,116 | 3.6872 |
| PENNSYLVANIA REAL ESTATE INVESTMENT TRUST-SBI | PEI | CASH | 1,794 | 42.5700 | 76,371 | 4,090 | 5.3554 |
| RAMCO GERSHENSON PROPERTIES TRUST-MD SBI | RPT | CASH | 12,000 | 31.9500 | 383,400 | 21,480 | 5.6025 |
| SIRIUS SATELLITE RADIO INC BSC RATING: STOCK O/SECTOR MW ATLANTIS RESEARCH RATING: B | SIRI | CASH | 1,000 | 3.9100 | 3,910 | ||
| Total Equities& Options | $4,602,556 | $135,352 | |||||
| TOTAL EQUITIES | $4,602,556 | $135,352 | |||||
Your Portfolio Holdings (continued)¶
JEFFREY EPSTEIN¶
STATEMENT PERIOD September 1, 2006¶
THROUGH September 29, 2006¶
AGCOUNT NUMBER¶
TAXPAYER NUMBER On File¶
| LAST STATEMENT | August 31, 2006 |¶
| :--- | :--- |¶
| YOUR PORTFOLIOHOLDINGSESTIMATED ANNUAL INCOME | $692,565 |
| YOUR PRICED PORTFOLIOHOLDINGS | $15,116,000 |
027¶
09/30/06;08:39 001¶
EFTA00201012¶
BEAR STEARNS¶
OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179¶
CLEARED THROUGH ITS¶
WHOLLY OWNED SUBSIDIARY¶
6 of 10¶
Bear, Steams Securities Corp.¶
One Metrotech Center North Brooklyn, New York 11201-3859¶
Transaction Detail¶
DEPOSITS AND WITHDRAWALS¶
JEFFREY EPSTEIN¶
STATEMENT PERIOD September 1, 2006¶
THROUGH September 29, 2006¶
ACCOUNT NUMBER¶
| LAST STATEMENT | August 31, 2006 |¶
| :--- | :--- |¶
TAXPAYER NUMBER On File¶
MONEY FUND ACTIVITY¶
| DATE MO/DAY | TRANSACTION | DESCRIPTION | SYMBOL/CUSIP | QUANTITY | PRICE | DEBIT AMOUNT | CREDIT AMOUNT |
|---|---|---|---|---|---|---|---|
| 09/01/06 | OPENINGBALANCE | 12,451,687.04 | |||||
| 09/01/06 | DIVIDEND | DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES MONTHLY DIVIDEND | DICXX | 39,059.05 | |||
| 09/01/06 | REINVEST | DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES DIVIDEND REINVEST | DICXX | 39,059.05 | 39,059.05 | ||
| 09/07/06 | SOLD | DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES | DICXX | -1,000,000 | 1.0000 | 1,000,000.00 | |
| 09/12/06 | BOUGHT | DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES | DICXX | 21,675 | 1.0000 | 21,675.00 | |
| 09/15/06 | BOUGHT | DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES | DICXX | 1,022.58 | 1.0000 | 1,022.58 | |
| 09/20/06 | SOLD | DREYFUS CASH MANAGEMENT-CL A INSTITUTIONAL SHARES | DICXX | -1,000,000 | 1.0000 | 1,000,000.00 |
027¶
09/30/06;08:39 001¶
EFTA00201013¶
BEAR STEARNS¶
OFFICE SERVICING YOUR ACCOUNT¶
Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179¶
CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY¶
Bear, Steams Securities Corp.¶
One Metratech Center North¶
Brooklyn, New York 11201-3859¶
JEFFREY EPSTEIN¶
| DATE | MO/DAY | TRANSACTION | DESCRIPTION | SYMBOL/CUSIP | QUANTITY | PRICE | DEBIT AMOUNT | CREDIT AMOUNT |
|---|---|---|---|---|---|---|---|---|
| 09/29/06 | CLOSINGBALANCE | 10,513,443.67 | ||||||
| TOTAL | -$61,756.63 | $2,039,059.05 | ||||||
DIVIDENDS¶
| DATE | DESCRIPTION | SYMBOL/CUSIP | QUANTITY | RATE ($) | DEBIT AMOUNT | CREDIT AMOUNT |
|---|---|---|---|---|---|---|
| 09/12/06 | JOHNSON & JOHNSON REC 08/29/06 PAY 09/12/06 | JNJ | 57,800 | 0.3750 | 21,675.00 | |
| 09/15/06 | PENNSYLVANIA REAL ESTATE INVESTMENT TRUST-SBI REC 09/01/06 PAY 09/15/06 | PEI | 1,794 | 0.5700 | 1,022.58 | |
| TOTAL | $22,697.58 | |||||
027¶
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V915¶
EFTA00201014¶
BEAR STEARNS¶
OFFICE SERVICING YOUR ACCOUNT¶
Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179¶
CLEARED THROUGH ITS¶
WHOLLY OWNED SUBSIDIARY¶
8 of 10¶
Bear, Steams Securities Corp.¶
One Metrotech Center North¶
Brooklyn, New York 11201-3859¶
Advisers, distributors or other affiliates of certain mutual funds (which include money market and non-money market funds) may enter into arrangements to pay brokers that distribute their shares for administrative, technological or other services, including marketing and other support services provided to such funds or their affiliates. These fees, commonly referred to as “revenue sharing,” are separate from and in addition to any shareholder servicing or distribution fees that a mutual fund pays out of its own assets pursuant to its Rule 12b-1 plan and other expenses which are described in a fund’s prospectus fee table. Rule 12b-1 fees and other expenses described in a fund’s prospectus fee table increase a fund’s expense ratio and decrease the fund’s yield. Revenue sharing fees, on the other hand, are paid out of the assets of the fund affiliate and not from the fund’s assets and, therefore, have no impact on a fund’s expense ratio or yield.¶
Revenue Sharing¶
With respect to money market funds, Bear Stearns negotiates revenue sharing payments separately with each fund family and not all fund families pay the same amount or pay according to the same formula. These payments are calculated based on a percentage of the dollar value of the fund assets held by Bear Stearns in customer accounts. Bear Stearns receives up to 0.66% per year of the average daily assets of fund shares carried in customers’ accounts at Bear Stearns. Money market funds whose affiliates do not make revenue sharing payments to Bear Stearns are generally not offered or recommended by Bear Stearns to its customers.¶
JEFFREY EPSTEIN¶
Your messages¶
STATEMENT PERIOD September 1, 2006¶
THROUGH September 29, 2006¶
TAXPAYER NUMBER On File¶
| LAST STATEMENT | August 31, 2006 |¶
| :--- | :--- |¶
These money market funds may in some cases have higher yields than money market funds whose affiliates do make revenue sharing payments. There is, therefore, a potential conflict of interest in the form of an additional financial incentive to Bear Stearns for making available to customers money market funds whose affiliates enter into revenue sharing arrangements. In certain circumstances, a portion of these revenue sharing payments may be passed on as compensation to certain Private Client Services account executives.¶
With respect to non-money market fund shares held in Bear Stearns accounts, Bear Stearns may receive Rule 12b-1 fees and other compensation described in a fund’s prospectus but does not receive revenue sharing payments. With respect to non-money market fund shares held by certain Private Client Services customers away from Bear Stearns, Bear Stearns does receive revenue sharing payments in limited circumstances. A portion of these revenue sharing payments are passed on as compensation to the Private Client Services account executive designated by the customer. Bear Stearns does not believe that these revenue sharing arrangements involving such Private Client Services customers pose a conflict of interest with respect to customers whose accounts are held at Bear Stearns.¶
The prospectus and statement of additional information of mutual funds available through Bear Stearns may contain additional information regarding revenue sharing payments made by affiliates of the fund company.¶
027¶
09/30/06;08:39 001¶
EFTA00201015¶
BEAR STEARNS¶
OFFICE SERVICING YOUR ACCOUNT¶
Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179¶
CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY¶
9 of 10¶
Bear, Steams Securities Corp.¶
One Metrotech Center North¶
Brooklyn, New York 11201-3859¶
JEFFREY EPSTEIN¶
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.¶
Bear, Stearns Securities Corp, Net Capital and Net Capital Requirements:¶
At May 31, 2006 and July 31, 2006, the Company’s net capital of approximately $3.7 billion and $3.8 billion was approximately 7% and 7% of aggregate debit items and exceeded the minimum regulatory net capital requirement of approximately $1.1 billion and $1.1 billion by approximately $2.6 billion and $2.7 billion, all respectively.¶
STATEMENT PERIOD September 1, 2006¶
THROUGH September 29, 2006¶
AGCOUNT NUMBER¶
TAXPAYER NUMBER On File¶
| LAST STATEMENT | August 31, 2006 |¶
| :--- | :--- |¶
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:¶
-
You can lose more funds than you deposit in the margin account.
-
The firm can force the sale of securities or other assets in your account(s).
-
The firm can sell your securities or other assets without contacting you.
-
You are not entitled to choose which securities or other assets in your account(s) are liquidated or sold to meet a margin call.
-
The firm can increase its “house” maintenance margin requirements at any time and is not required to provide you advance written notice.
-
You are not entitled to an extension of time on a margin call.
027¶
09/30/06;08:39 001¶
EFTA00201016¶
BEAR STEARNS¶
OFFICE SERVICING YOUR ACCOUNT¶
Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179¶
CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY¶
10 of 10¶
Bear, Steams Securities Corp.¶
One Metrotech Center North¶
Brooklyn, New York 11201-3859¶
JEFFREY EPSTEIN¶
This statement is provided to explain Bear, Stearns & Co., Inc.’s (“BSC”) payment for order flow practices.¶
| STATEMENT PERIOD | September 1, 2006 |¶
| :--- | :--- |¶
| THROUGH | September 29, 2006 |¶
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.¶
| ACCOUNT NUMBER | |
| TAXPAYER NUMBER | On File |
| LAST STATEMENT | August 31, 2006 |
Pursuant to SEC Rule 606, 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.¶
******* End of Statement*******¶
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