Extracted Text
Highlighting: “"KINDRED HEALTHCARE INC"”
Global Investment Opportunities Group J.P. Morgan Securities LLC.
Account Position and MTM Summary (Open Positions)
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Global investment Opportunities Prepared for Southern Financial LLC as of June 28. 2013
Current EX 8 Commodity rates 1,15DMXN 13.0140 XAUUSD 12009 GBPU50 1.5258 USID/PY 98.420
USDARS 5.3765 USDKRW 114926 EURUSD 1.3037 USDBRL 2A989
USDCHF 0.9453 USDCAD 1.0479 USOTRY 1.920 USDNOK 6.0463
Equity • Intraday PriOng via Bloomberg
Dividend Entry Price Current Price
Trade Date Symbol Shares Company Currency Industry Cost Basis IS) market value (5) MTM
Yield (Local) (Local)
24-MA-13 AMA 9,000 Ariad Pharmaceuticals Inc USD msumer, Non-cyclic 0.00% ($176.400) $157.410 19.60 17A9 ($18,990)
14-Feb-12 ARIA 7,535 Ariad Pharmaceuticals Inc USD msumer, Non-cyclic 0.00% ($114,600) $131,787 15.21 17.49 $17.187
14-Feb-12 BNB 2,095 'Mogen Idec Inc USD msumer, Non-cyclic &CO% ($250,455) $450,844 119.55 215.20 $200,339
12-Jul-10 DAG 50,000 Perdu Db Agri Double Long 1150 Funds 0.00% ($352,550) $448,00(1 7.05 8.92 $93,450
17-May-12 FB 17,500 Facebook Inc-A U5D Communications 0.00% ($665.000) $435.400 38.00 24.88 ($229,600)
23-Apr-13 GE 23,000 General Electric Co U5D Industrial 328% ($495.190) $533,370 21.53 23.19 $38,180
28-May-13 SGMO 50,000 Sangamo Biosdences Inc U5D msumer. Non-cyclic 0.00% ($420,214) $390,500 8.40 7.81 ($29,714)
Equity MTM (52,474,403) 52,545,311 570.902
Structured Notes • Manual Pricin. via WM«• an Investment Bank as of Sr d
Market Value (5) Interest
Trade Date Maturity Face Amount Long Description Cost Ram (5) Entry Price (5) Current Price (5) MTM
Received
8-Nov-12 22-Nov-13 1,000,000 Gs Note 11/22/13 Lnkd To Mut Vs Usd 85%Barder- 5% Atm Cpn-22.9%Mxrtin ($1,000,000) $1.028.950 $0 $100.00 $102.90 $28,950
14-Feb-13 20-Aug-14 1,000,000 MS Market Plus MRK 08/20/14 BO% EKO Barrier - 3.5% CPN, Uncapped Initial Level - 2/ ($1,000,000) $1.113.050 $0 $100.00 $111.31 $113,050
5-Apt-12 16-Apr-IS 1,500,0C° Medtor CLN 6.200% CPN 04/16/2015 Did 04/16/2012 ($1,502000) $1.602.600 $69,888 $100.00 $106.84 $172,488
24-May-I3 29-Aug-14 2,000,000 HSBCCBEN 8/29/14 80%efo battia-455cpn-17%cap Initial Level:2764.29 (52.000,000) $1,914,200 SO $100.00 $95.71 (585,800)
U.S. Fixed Income Inticiday Pming via Bloomberg
Total Int.
Trade Date Maturity Face Amount Issuer S&P Rating Next Call Date Coupon Principal Cost Market Value Yield to Worst Entry Price Current Price MTM
Accrued
22-Oct-12 01-Apr-2019 1,000,000 Headwaters Inc Be 4/1/2015 7.625% ($1,035,000) $1.047.030 $52,104 819% $103.50 $104.70 $64,104
22-Oct-12 15-May-2019 400,000 Earthlink Inc MC+ 5/15/2015 8.875% ($414,000) $399,840 S24,258 888% $103.50 $99.96 $10,098
23-Oct-12 15-May-2019 600,000 Earthlink Inc MC+ 5/15/2015 8.875% ($619,500) $599,760 S36,240 888% $103.25 $99.96 $16,500
1-Oct-12 III-Jun-2019 1,000,000 Kindred Healthcare Inc 6/1/2014 8.250% ($996,250) $1.020.000 S61,188 7.65% $99.63 $102.00 $84.938
8-Nov-12 Ed-Jun-2019 1,000,003 Kindred Healthcare Inc 6/1/2014 8.250% ($970,000) $1.020.000 $52,708 7.65% $97.00 $102.00 $102,708
24-/an-13 15-Feb-2020 1,500,003 Servicemaster Company 2/15/2015 8.000% ($1,595,625) $1.560.030 S51,333 800% $106.38 $100.00 ($44.292)
25-Feb-13 15-Feb-2020 1,000,003 Servicemaster Company 2/15/2015 8.000% ($1,070,000) $1.0110,030 S27,333 8.00% $107.00 $100.00 ($42.667)
3-Apr-13 10-Apr-2023 300,000 Barclays Bank Plc BBB- 4/10/2018 7.750% ($300,000) $299,250 55,490 7.81% $100.00 $99.75 $4,740
15-Jun-II Perpetua 2,500,000 lemotgan Chase & Co BBB 4/30/2018 7.900% ($2,702,425) $2.795,000 5402,132 5.11% $108.10 5111.80 $494,707
15-Jun-II Perpetua 2,500,000 lemotgan Chase & Co BBB 4/30/2018 7.900% ($2.702,425) $2.795,000 5402,132 5.11% $108.10 5111.80 $(194,707
10-lawl 1 Perpetua 2,000,000 Bank Of America Corp BB* 5/15/2018 8.125% ($2.081.180) $2.258,000 5400,833 5.10% $104.06 5112.90 $577,653
30-3a0-12 Perpetua 3,000,003 Southern Cal Edison BBB- 2/1/2022 6.250% ($2.999,970) $3.197,355 5264,583 5.29% $100.00 5106.58 $461,968
27-Jun-12 Perpetua 2,000,000 General El« Cap Corp 6/15/2022 7.125% ($2.122,920) $2.210,000 S142,896 5.62% $106.15 $110.50 $229,976
29-May-13 Perpetua 1,100,003 General El« Cap Corp 6/15/2023 5.250% ($1,400,000) $1.338,750 55,921 5.83!, $100.00 $95.63 ($55,329)
U.S. Fixed Income MTM (521.009.295) 521.479.955 51,929,151 52,399.811
International Fixed Income • Intraday Pricing via Bloomberg
Total Int. Entry Price Current Price
Trade Date maturity Face Amount Issue S&P Rating Currency Coupon Principal Cost (5) Market Value (5) yield to Worst MTM
Accrued (5) (Local) (Local)
9-Oct-12 02-Nov-2017 500,000 Parolees De Venezuela S B USD 8.500% ($440.250) $455,000 530,576 11.17% 88.05 91.00 $45.326
11-Oct-I2 02-Nov-2017 1,000,000 Parolees De Venezuela S B USD 8.500% (5897.500) S910,000 $60,681 11.17% 89.75 91.00 $73,181
10-May-12 16-Dec-2021 1,500,000 Lloyds Tsb Bank Plc BBB. USD 9.875% (51,627,500) $1,728,750 $167,875 4.94% 108.50 115.25 $269,125
26-MA-12 1S-DeC-2035 7,500,000 Republic Of Argentina N/A USD 0.000% ($1,038,750) $419,775 $426,000 13.85 5.60 ($192,975)
13-Oct-I0 15-Dec-2035 10,000,000 Republic Of Argentina N/A ARS 0.000% ($318.000) $148,989 $326,246 12.56 1.49 $157.234
21-May-13 Perpetual 3,000,080 Lbg Capital No.1 Plc 85- USD 8.000% ($3,247,SCO) $3,067,500 $24,667 7.58% 108.25 10225 ($155,333)
12-Jun-13 02-Nov-2017 1,000,080 Parolees De Venezuela S B N/A 8.500% (5925.000) $910,000 $3,778 $92.50 $91.00 ($11,222)
EFTA01121630
Global Investment Opportunities Group 1.P. Morgan Securities LLC.
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Account Position and MTM Summary (Open Positions)
Prepared for Southern Financial LLC as of June 28, 2013
Current FX & Commodity rates U5DS.04 13.0144 XAUUSD 12099 GBP1350 1.5258 135CUPY 98.420
USOARS 5.3765 USDKRW 1149.76 EURUSD 1.3037 USDBRL 2.1989
1.15XliF 0.9453 USDCAD 1.0479 USOTRY 1.920 USDNOK 6.0463
international Fixed income MTM (58,43kisom nalinit 51.039.822 5185.336
Mortgage and Asset Backed • Manual Pricing via JPMorgan Investment Bank
Total Princrint Entry Price Current Prke
Trade Date Maturity Original Face ISM"! S&P Rating Next Call Date Coupon Principal Cost 0) Market Value (5) MTM
(5) (Local) (Local)
24-Jan-13 25-Aug-2029 9,551,003 Hmbt 2004-1 1M1 CCC 7/25/2013 1.093% (5562273) $745,078 530,612 56.25 76.54 5213,416
6-Feb-13 20
-Dec-2032 5,701,003 Sent 11 Ell CCC 7/20/2013 1.647% (5781,919) 6771,794 529,601 73.75 74.44 119,516
23-Aug-12 25-Aug-2033 3,325,003 Cwhl 2093-26BI 7/25/2013 5.330% ($1,231,222) $814,392 5252,482 77.00 57.86 (5164,349)
28-Nov-12 25-Feb-2037 6,160,000 Chose 2097-Al 2A4 CCC 9/25/2022 2.744% ($2,042,809) 51,868,522 5347,245 88.50 94.52 5172,957
16-Apr-13 25-Mar-2033 4,500,000 Cwhl 2003-I B1 7/25/2013 5.750% (51,448,803) 51,290,216 5161,373 95.50 94.02 52,786
30-Apr-13 25-Apt-2033 2.726,000 Sasc 2003.10 82 CCC 10/25/2013 6.000% ($1,076,783) 5941,412 $93,299 100.00 94.74 042.070
Mortgage and Asset Backed MTM (57.143.810) 56.431,553 51,699.598 5202,255
Listed Preferreds
Dividends Entry Price Current Price
Trade Date Maturity Shares Company S&P Rating Par Amount Coupon Principal Cost (5) market value (S) Yield to worst MTM
Received (5) (Local) (Local)
18-Nov-1O 12/12013 8,000 General Motors Co N/A 550.00 4.75% (5400.000) $385,280 $48,450 15.44% 50.00 48.16 $33,730
9-Elm-10 122/2013 63,000 General Motors Co N/A 550.00 4.75% ($3,185,973) 53,034,080 5372,816 15.44% 50.57 48.16 5220,923
15-Feb-13 2/1/2016 6,000 Cliffs Natural Resources N/A 525.00 7.00% (S150.000) $106,440 52,392 22.89% 25.00 17.74 (541,168)
22-Feb-12 2/15.2040 80,000 Gmac Capital Dust I CCC.r. 525.00 8.13% (51,882,800) 52,084,000 5218,021 6.23% 23.54 26.05 $419,221
3-Feb-12 Perpetual 46,600 Ally Financial Inc CCC. f•• 525.00 8.50% (51,002,426) 51,205,076 5117,730 673% 21.51 25.86 $320,580
9-Feb-12 Perpetual 80,000 Ally Financial Inc CCC. f•• $25.00 8.50% ($1,780,003) 52,068,800 099,278 673% 22.25 25.86 6488,078
24-Oct-12 Perpetual 40,000 Royal Bk ScotInd Grp 9k BB $25.00 725% (5951.600) 6958,400 $42,292 7.60% 2379 23.96 549,092
7-Jan-13 Perpetual 40,000 Royal Bk ScotInd Grp 9k BB $25.00 725% (5977,600) 6958,400 527,590 7.60% 24.44 23.96 58,390
14-1an-13 Perpetual 40,000 Royal Bk ScotInd Grp 9k BB $25.00 725% (5995.200) 6958,400 $26,181 7.60% 24.88 23.96 (S10,619)
Listed Preferreds MTM (511,325,399) 511,758.876 51,054,748 61.488,225
Mutual Funds and Money Market
Dividends Entry NAV Current NAV
Trade Date Symbol Units Company Craw Initial Cost IS) Market Value (5) MTM
Received (5) (Local) (Local)
Avg JLTSX 49,504.95 Jpmorgan Latin America-Sol USD (1,000,000.00) 5882,178 So 20.200) 17.82 ($117,822)
Mutual Funds and Money Market MTM (51,000,000) 5882,178 50 (5117,822)
Forward Contracts • Rates sourced intrad from Bloomber
Current Spot Current Alain
Trade Date Value Date Bought Notional Sold Notional Fix Date Contract Spot Contract Forward M17,1
Rate Forward
6-May-13 8-Aug-13 CHF 6,138,000 EUR 5,000,000 4-Aug-13 12284 12276 1.22921 1.22900 (57.391)
23-May-13 8-Aug-13 EUR 4,904,319 CHF 6,138,000 4-Aug-13 1.25185 1.25155 1.22921 1.22900 (5117,332)
23-May-13 28-Aug-13 JPY 740,325,000 CAD 7,500,000 24-Aug-13 99.08 0.71 94.40050 9425058 5338,136
10-Jun-13 28-Aug-13 CAD 2,500,000 JPY 242,025,000 24-Aug-13 97.02 96.81 94.40050 9425058 ($64,786)
Forward Contracts MTM 5148,626
• MTM Modelled via Bloomberg
8-Aug-12 08-Oct-13 Bought JOY Put 10,000,000 80.90 CAD Call (5347,609) I 51,375,096 51,027287
EFTA01121631
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Global Investment Opportunities Group 1.P. Morgan Securities LLC.
Account Position and MTM Summary (Open Positions)
clonal Irma-nen. opportunities Prepared for Southern Financial LLC as of June 28, 2013
Current FX 8, Commodity rates USOMXN 13.0144 XAUUSD 1200.9 GBPUSD 1.5258 USIDWY 98.420
USDARS 5.3765 USDKRW 1149.76 EURUSD 13037 USIDEIRL 2A989
USDCHF 0.9453 USDCAD 1.0479 USDTRY 1.920 USG:NO& 6.0463
8-Aug-12 08-Oct-13 Sold JPY Call 10,000,000 76.90 CAD Put Exp KI O 69.65 5347,809 SO 3347.009
10-1un-13 10-Sep-13 Sold JPY Call 5,0-30,1300 97.25 USD Put Exp KI O94.75 585,000 (568.406) $16,594
10-Jun43 10-Sep-13 Bought JPY Put 5,000,1300 100.00 USD Call ($121.500) 5111,982 (59,518)
10-Jun43 10-Sep-13 Sold JPY Put 4,761,905 105.00 USD Call 536,500 ($3Z4O4) 54.0%
FX Options MTM 50 51,386,267 51,386,267
Commodity Options • MTM Modelled via Bloomberg
Original Current Premium
Trade Date Expiration Direction Commodity Type Notional (oz) Strike Currency Notional Type
Premium IS) IS)
19-Apr-13 11-1uI-13 Bought C0Q3 Call 100,000 111 11,100,000 Put 11-Jul-13 ($86,000) $2.985 ($83,014.94)
19-Apr-13 11-1uI-13 Sold C0Q3 Put 100,000 87.5 8,750,000 Call 11-Jul-13 $86,000 (51.481) $84.518.61
Commodity Options MTM SO 51,504 51,504
Total Return Swaps
Effective Maturity Accrued interest Entry Price Dividends Current Price
Trade Date Underlying Shares Rate Spread (bps) Notional
Date Date Paid (Local) Earned (Local)
18-Mar-13 18-Mar-13 20-Mar-14 K0Spi Transport ECtuipMt 818,972 3mL 030% $1,999,999.37 ($5,514) 2504.92 SO 2,472.63 (593.724)
Total Return Swaps MTM ($5,514) (593,724)
MTM Snapshot Open NOM 2013 Closed Pd. Open MTM • 2013 Closed PIL JO_ Performance Snapshot
EQ I LO 570,902 S194,543 5265.450
Fl /SP 54,504,314 $1,801,602 $6,305,916 2012 EOY Open MTM $5,685,137
Repo SO SO SO Current Open MTM $5,900,067
MF /ST (5117.822) SO (5117,822)
Derivative 51,442,673 ($2,128,681) (5686,009) YTD Change In Open MTM $214,930
Alternative SO SO SO 2013 Closed PIL (5132 532)
Other 1 Miscellaneous SO SO SO
2013 Net Performance $82,399
(Q2013 WIN0NIen ChMe& CO.
EFTA01121632
Global Investment Opportunities Group J.P. Morgan Securities LLC.
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Account Position and MTM Summary (2013 Closed Positions)
IC, Prepared for Southern Financial LLC as of June 28. 2013
E szi
Dividend Entry Price Closing Price
Trade Date Symbol Shares Company Currency Industry Cost Basis (5) Market Value (5) Closing Date PA
Yield (Local) (Local)
8-lan-13 CLMT 4,400 Calumet Specialty Products USD Energy 7.48% ($139.964) $137,452 8-Jan-13 31.81 31.24 (52.512)
Eelan-13 51-RC 4,400 Solar Capital Ltd USD Financial 10.39% (5107.360) $105,688 8-Jan-13 24.40 24.02 (51,672)
Eelan-13 3,200 Tesoro Logistics Lp USD Energy 3.24% ($133.440) $134,909 9-Jan-13 41.70 42.16 $1,469
IS-Jan-13 USAC 6,000 Usa Compression Partners Lp USD Industrial 5.92% ($108.000) $106,260 15-lan-13 18.00 17.71 (51,740)
I6-Jan-13 ALNY 2,400 Alnylam Pharmaceuticals Inc USD 'mower, Non-cyclic 0.00% ($48312) $50,040 lErlan-13 20.13 20.85 $1,729
I6-Jan-13 ITMN 6,600 Intermune Inc USD 'mower, Non-cyclic 0.00% ($65340) $66,125 lErlan-13 9.90 10.02 $785
17-Jan-13 AVEO 2,400 Aveo Pharmaceuticals Inc USD 'mower, Non-cyclic 0.00% ($18,000) 517.899 17-Jan-13 7.50 146 ($101)
17-Jan-13 CVRR 1,800 Cvr Refining Lp USD Energy 21.02% ($45.000) $45.871 17-Jan-13 25.00 25.48 $871
I8-Jan-13 MCP 6,000 Molycorp Inc USD Basic Materials 0.00% ($114.000) $111358 18-Jan-13 19.00 18.56 (52.643)
I8-Jan-13 1.600 Norwegian Cruise Line Holdin USD Consumer, Cyclical 0.00% (530,400) $39.328 18-Jan-13 19.00 24.58 $8,928
I8-Jan-13 Nfl 5,200 Northern Ter Energy Lp USD Energy 2048% (5127.192/ $126,149 18-Jan-13 24.46 24.26 (51,043)
14-Feb-I3 ARIA 9,000 Ariad Pharmaceuticals Inc USD 'mower, Non-cyclic 0.00% ($136.878) $174408 24-Jan-13 15.21 19.38 $37,530
24-Jan-13 8PL 4,000 Buckeye Partners Lp USD Energy 5.99% ($210.160) $208,523 24-Jan-13 52.54 52.13 (51,637)
25-Jan-13 BFAM S00 Bright Horizons Family Solut USD ansurner, Non-cyclic 0.00% (SI L000) $13.758 25-lan-13 2100 27.52 $2.758
25-Jan-13 MCP 2,500 Molycorp Inc USD Basic Materials 0.00% (515,000) 517.400 25-lan-13 6.00 6.96 $2,400
29-Jan-13 PNY 6,500 Piedmont Natural Gas Co USD Utilities 3.68% ($208.0001 5207.410 30-Jan-13 3100 31.91 ($590)
31-Jan-13 KERX 1.500 Keryx Biopharmaceuticals USD 'mower, Non-cyclic 0.00% ($12,735) $14,190 31-Jan-13 8.49 9.46 $1455
31-Jan-13 VNR 3,500 Vanguard Natural Resources USD Energy 8.82% (597.475) $96.983 31-Jan-13 2185 27.71 ($492)
31-Jan-13 ITS 254100 Zoetis Inc USD answer, Non-cyclic 0.85% ($650.0001 $786482 1-Feb-13 26.00 31.46 $136,482
I -Feb-13 CHSP 1.500 Chesapeake Lodging Trust USD Financial 4.62% (531.125) $31,559 1-Feb-13 20.75 21.04 $434
I -Feb-13 NMM 3,500 Navios Maritime Partners to USD Industrial 1215% ($49325) 548.859 1-Feb-13 14.15 13.96 ($666)
5-Feb-I3 (PD 4,000 Enterprise Products Partners USD Energy 4.31% ($218.240) $218,072 5-Feb-13 54.56 54.52 ($168)
5-Feb-I3 BCC 1.000 Boise Cascade Co USD Industrial 0.00% ($21000) $25,269 6-Feb-13 21.00 25.27 $4,269
7-Feb-I3 BCC 3,500 Boise Cascade Co USD Industrial 0.00% ($69310) $69,263 7-Feb-13 19.86 19.79 ($247)
14-Feb-I3 ARR 29,000 Armour Residential Reit Inc USD Financial 17.113% ($198.360) $193,141 14-Feb-I3 6.84 6.66 ($5,219)
15-Feb-I3 CIS 3,000 Cliffs Natural Resources Inc USD Basic Materials 3.69% ($87.000) $89,148 15-Feb-I3 29.00 29.72 $2.148
15-Feb-I3 NUN 8,000 Nielsen Holdings Nv USD Communications 1.90% ($260.400) $260,654 15-Feb-13 3155 32.58 $254
15-Feb-I3 PXO 1,000 Pioneer Natural Resources Co USD Energy 0.05% ($128.0001 $130,328 15-Feb-13 128.00 130.33 $2,328
21-Feb-I3 KORS 20,000 Michael Kors Holdings Ltd USD Consumer, Cyclical 0.00% (51,230,000) $1.201,181 21-Feb-I3 61.50 60.06 (528.819)
21-Feb-13 KMP 3,000 Kinder Morgan Energy Prints USD Energy 6.09% ($259.050) $259,377 21-Feb-I3 86.35 86.46 $327
27-Feb-13 AGNC 154100 American Capital Agency Corp USD Financial 18.25% ($474.450) $473,839 27-Feb-I3 31.63 31.59 ($611)
27-Feb-13 MPW 1.250 Medical Properties Trust Inc USD Financial 5.59% (517,813) 517.887 27-Feb-I3 14.25 14.31 $75
28-Feb-13 OCP 3,500 Dyncorp International Inca USD answer, Non-cyclic 0.00% ($142.205) $143,357 1-Mar-13 40.63 40.96 $1,152
5-Mar-13 WP2 2,750 Williams Partners Lp USD Energy 6.57% ($135.135) $134,362 5-Mar-13 49.14 48.86 ($773)
6-Mar-13 MI 4,000 Apollo Commercial Real Estat USD Financial 10.08% ($68,200) $68,238 6-Mar-13 17.05 17.06 $38
6-Mar-13 MHO 500 ItM Homes Inc USD Consumer, Cyclical 0.00% ($11.750) $12,210 6-Mar-13 23.50 24.42 $460
6-Mar-13 0 2,000 Realty Income Corp USD Financial 5.20% ($91.800) $91,078 6-Mar-13 45.90 45.54 ($722)
7-Mar-13 DISCK 1,500 Discovery Communications{ USD Communications 0.00% ($97.125) $100.438 7-Mar-13 64.75 66.96 $3,313
7-Mar-13 KM 1.500 Kar Auction Services Inc USD answer, Non-cyclic 3.31% ($28,875) $29,234 7-Mar-13 19.25 19.49 $359
7-Mar-13 BKU S00 Bankunited Inc USD Financial 3.23% ($12,625) $12,755 8-Mar-13 25.25 25.51 $130
8-Mar-13 PCYC 2,500 Pharmacyclics Inc USD answer, Non-cyclic 0.00% ($23000) $235,330 8-Mar-13 94.00 94.13 $330
12-Mar-I3 LXP 2,000 Lexington Realty Trust USD Financial 5.14% ($23.400) $23,339 12-Mar-13 11.70 11.67 ($61)
13-Mar-I3 BNNY 1.250 Anniel Inc USD answer, Non-cyclic 0.00% ($50.000) 549.949 13-Mar-13 40.00 39.96 ($51)
13-Mar-I3 HTWR 600 Heartware International Inc USD answer, Non-cyclic 0.00% ($51.870) $52,055 13-Mar-13 86.45 86.76 $185
14-Mar-I3 VIPS 1.000 Vipshop Holdings Ltd Ads USD Communications 0.00% ($24,000) $24,609 14-Mar-13 24.00 24.61 $609
15-Mar-I3 TRLA 1.000 Trulia Inc USD Communications 0.00% ($29.750) $31,009 15-Mar-13 29.75 31.01 $1,259
3-Apr-I3 MCC 3,500 Ares Capital Corp USD Financial 8.84% ($61.635) $61,344 3-Apr-13 17.61 17.53 ($291)
9-Apr-I3 CU2 4,000 Cousins Properties Inc USD Financial 1.78% ($41.800) $42,359 9-Apr-13 10.45 10.59 $559
10-Apr-13 TMIIC 1,500 Taylor Morrison Home Corp-A USD Consumer, Cyclical 0.00% ($33.000) $34,754 10-Apr-13 2100 23.17 $1.754
I I -Apr-13 RLGY 9,000 Reategy Holdings Corp USD Financial 0.00% ($396.000) $401,119 11-Apr-13 44.00 44.57 $5,119
I I -Apr-13 INPI 7,500 Infinity Pharmaceuticals Inc USD answer, Non-cyclic 0.00% ($300.000) $308768 11-Apr-I 3 40.00 41.17 $8,768
12-Apr-13 EVTC 4,000 Evertec Inc USD answer, Non-cyclic 0.00% (580,000) $85,430 12-Apr-I 3 20.00 21.36 $5,430
12-Apr-13 GTE 1,500 Caesantone Sdot-Yam Ltd USD Industrial 0.00% ($34,875) $35,639 12-Apr-I 3 23.25 23.76 $764
113rAprr13 APL 21,000 Mat Pipeline Partner Lp USD Energy 6.10% ($714.000) $723,644 la-Apr.13 34.00 34.46 $9.644
18-Apr-13 2.000 Intelsat Sa USD Communications 0.00% (536.000) 533.919 18-Apr-I 3 18.00 16.96 (52.081)
18-Apr-13 ROSE 1.000 Rosetta Resources Inc USD Energy 0.00% ($42,500) $42.459 18-Apr-I 3 4/50 42.46 (541)
18-Apr-13 TAM 1.000 Tarninto Corp USD Basic Materials 0.00% (515.000) $14.080 18-Apr-13 15.00 14.08 ($920)
EFTA01121633
Global Investment Opportunities Group J.P. Morgan Securities LLC
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Account Position and MTM Summary (2013 Closed Positions)
Prepared for Southern Financial LLC as of June 28. 2013
11.Oc411 TEF (1,500) Telefonica Sa-Spon Adr USD Communications 0.00% 530,080 ($20.700) 18-Apr-13 20.05 13.80 59,380
15-lun-12 TEF (39) Telefonica Sa-Spon Adr USD Communications 0.00% $488 ($538) 18-Apr-13 12.52 13.80 (550)
19.4pr-13 SEAS 2200 Seaworld Entertainment Inc USD Consumer, Cyclical 2.28% ($54,000) 561,419 19-Apr-13 27.00 30.71 57,419
25.Apr-13 MD 15,000 Prolog is Inc USD financial 2.97% (5624.000) $624,136 25-Apr-13 41.60 41.61 $136
26-Apr -13 RESI 4,000 Altisource Residential Corp USD financial 0.00% (575.000) $78,238 26-Apr-13 18.75 19.56 53,238
26-Apr -13 SPNC 600 Spectranetics Corp USD 'muffler, Non-cyclic 0.00% ($10800) $11,220 26-Apr-13 18.00 18.70 $420
1-May-13 SEIGI 4000 Sinclair Broadcast Group -A USD Communications 2.04% ($109.000) 5108,878 2.May-13 2725 27.22 ($122)
-2May-13 VOVA 2,000 Ing Us Inc USD Financial 0.00% (539.000) 538.439 2.May-13 19.50 19.22 ($561)
3-May-13 QIWI 2,000 Dive' Plc-Sponsored Adr USD Communications 0.00% (534.000) 534.139 3.May-13 17.00 17.07 $139
3-May.13 CETV 11,000 Central European Media Ent-A USD Communications 0.00% (530250) 530.469 3.May-13 2.75 2.77 $219
6-May.I3 HT2 4.000 Hertz Global Holdings Inc USD ',Hunter, Non-cyclic 0.00% (599.000) 598.318 7.May-13 24.75 24.58 ($682)
-8May-I3 VNTV 3.000 Vantiv Inc C A USD ',Hunter, Non-cyclic 0.00% (571.250) $71,218 8.May-13 23.75 23.74 ($32)
-8May-I3 WBS 2000 Webster Financial Corp USD financial 2.34% ($45.600) 545.519 8.May-13 2220 22.76 ($81)
24-Oct-12 DF 25,000 Dean Foods Co USD ',Hunter, Non-cyclic 0.00% (5470,450) $469,489 8.May-13 1822 18.78 (5961)
9-May.13 CYNI 1,000 Cyan Inc USD Communications 0.00% ($11.000) $10.010 9-May-13 11.00 10.01 ($990)
9-May.13 EMES 3.500 Emerge Energy Services Lp USD ',Hunter, Non-cyclic 0.00% (559.500) 559.009 9-May-13 17.00 16.86 ($491)
9-May.13 IIC14 1.000 Health Care Reit Inc USD financial 4.56% (573300) $73,558 9-May-13 73.50 73.56 558
9-May.13 ISIS 4,000 Isis Pharmaceuticals Inc USD ',Hunter, Non-cyclic 0.00% ($76.000) $75,878 9-May-13 19.00 18.97 ($122)
9-May.13 Q 1.000 Quintiles Transnational Hold USD ',Hunter, Non-cyclic 0.00% (540.000) $43.719 9-May-13 40.00 43.72 53,719
9-May.13 PFSI 200 Pennymac Financial Service-A USD financial 0.00% (53.600) $3.642 9-May-13 18.00 18.21 542
I0-May-13 APO 40,000 Apollo Global Management -A USD financial 9.47% (51,000,000) $997.100 10-May.13 25.00 24.93 (52,900)
I0-May-13 TRNX 1.500 Tornier Nv USD 'muffler, Non-cyclic 0.00% (524,225) $24,809 10-May.13 16.15 1654 $584
13.May-13 ARE 2200 Alexandria Real Estate Equit USD financial 3.96% ($147.000) $149,917 13-May.13 73.50 74.96 $2,917
13.May-13 NUN 20200 Nielsen Holdings Nv USD Communications 1.90% (5700,200) $695,652 13-May.13 35.01 34.78 (54548)
13.May-13 SPIT 2,500 Suburban Propane Partners Lp USD Energy 7.53% (5120,400) 5118,297 13-May.13 413.16 47.36 (52.003)
13.May-13 WES 2500 Western Gas Partners Lp USD Energy 3.33% ($152,950) 5152,397 13-May.13 61.18 60.96 (5553)
15.May-13 AINV 4,000 Apollo Investment Corp USD Financial 1034% (534,400) $33,839 15-May.13 8.60 8.46 (5561)
15.May-13 CVRR 6,000 Cvr Refining tp USD Energy 21.02% ($184.500) $182,996 IS-May.13 30.75 30.50 (51,504)
16.May-13 PIKE 30,000 Pike Electric Corp USD Utilities 0.00% (5345200) 5351.733 16-May.13 11.50 11.72 $6,733
16.May-13 DDR 4.000 Ddr Corp USD Financial 3.24% (575.600) 577.797 16-May.13 18.90 19.45 $2.197
16.May-13 WLII 750 William Lyon Homes-CI A USD Consumer, Cyclical 0.00% (518,750) 519.782 16-May.13 25.00 26.38 $1,032
16.May-13 CUB S00 Cubic Corp USD Industrial 0.50% (522,875) $23.424 16-May.13 45.75 46.85 $549
17-May-13 TCP 2,000 Tc Pipelines Lp USD Energy 6.46% (587.700) 589.248 17-May.13 43.85 44.62 51,548
22-May-13 UAN 4,000 Cvr Partners Lp USD Basic Materials 11.07% ($100600) $98238 22-May.13 25.15 24.71 (51,762)
22-May-13 NPSP S00 Nps Pharmaceuticals Inc USD 'mune., Non-cyclic 0.00% ($7,265) $7.520 22-May.13 14.53 15.04 $255
22-May-13 IRWD 2,500 Iromvood Pharmaceuticals Inc USD 'mune., Non-cyclic 0.00% (532.500) 533.574 22-May.13 13.00 13.43 $1.074
23.May-13 BLMN 2,000 Bloomin* Brands Inc USD Consumer, Cyclical 0.00% ($43,000) 543.019 23-May.13 21.50 21.51 519
23.May-13 BXMT 2,500 Blackstone Mortgage Tru-CI A USD ',Hunter, Non-cyclic 0.00% ($63,750) 565.775 23-May.13 25.50 26.31 52,025
23.May-13 CSTM 6,000 Constellium Nv- Can A USD Basic Materials 0.00% (590.000) 583.758 23-May.13 15.00 13.96 (56,242)
23.May-13 LG 5,000 Laclede Group Inc/The USD Utilities 3.72% (5222.500) $219,795 23-May.13 44.50 43.96 (52,705)
23.May-13 OAK 1.000 Oaktree Capital Group Uc USD financial 10.76% (553.500) $52,959 23-May.13 53.50 52.96 ($541)
23.May-13 PGEM 2.000 Ply Gem Holdings Inc USD Industrial 0.00% ($42,000) $45.919 23-May.13 21.00 22.96 53,919
23.May-13 WAIR 2.000 Wesco Aircraft Holdings Inc USD Consumer, Cyclical 0.00% (532,000) 531.919 23-May.13 16.00 15.96 (581)
30-May-13 BWP 6,000 Boardwalk Pipeline Partners USD Energy 7.05% ($180.720) $179,457 30-May.13 30.12 29.91 ($1,263)
30-May-13 VNR 6,000 Vanguard Natural Resources USD Energy 8.82% ($170.100) $169,257 30-May.13 2835 28.21 (5843)
6-1un-13 CG 13,000 Carlyle Group/The USD financial 2.50% (5351.000) $341593 6.Jun-13 27.00 26.28 (59,407)
6-1un-13 KAR 2,500 Kar Auction Services Inc USD ',Hunter, Non-cyclic 3.31% (553,125) 553.577 6.Jun-13 21.25 21.43 $452
7-lun-13 TMO 35,000 Thermo Fisher Scientific Inc USD Industrial 0.71% (52,992.500) 52.980,987 7-Jun-13 85.50 85.17 (511.513)
11-lun-13 ARP 2,500 Atlas Resource Partners Lp USD Energy 9.30% (554,375) 554.399 11-1un-13 21.75 21.76 524
12-lun-13 POR 3,000 Portland General Electric Co USD Utilities 3.60% ($88,500) 591.151 12-lun-13 29.50 30.38 $2,651
13-lun-13 COT! 6,000 Coty Inc.CI A USD ansumer, Non-cyclic 0.00% ($10000) $103,288 13-lun-13 17.50 17.21 (51,712)
13-lun-13 FSLR 5,000 lint Solar Inc USD Technology 0.00% (5230.000) $229,921 13-lun-13 46.00 45.98 ($79)
13-lun-13 BFAM 2,000 Bright Horizons Family Solut USD ',Hunter, Non-cyclic 0.00% (566.100) $66441 13-1un-13 33.05 33.32 $541
7-lun-13 TMO 2,500 Thermo Fisher Scientific Inc USD Industrial 0.71% (5213.750) $215,521 18-1un-13 85.50 86.21 $1,771
19-lun-13 WY 2.000 Weyerhaeuser Co USD financial 3.09% (555,500) 556.069 19-1un-13 27.75 28.03 $569
19-lun-13 BLUE 1.000 Bluebird Bio Inc USD 'mune., Non-cyclic 0.00% (517.000) 526.008 19-1un-13 17.00 26.01 59,008
20-lun-13 PTCT 1.000 Ptc Therapeutics Inc USD ',Hunter, Non-cyclic 0.00% (515.000) 515.710 20-lun-13 15.00 15.71 $710
21-lun-13 ACRE 5,000 Ares Commercial Real Estate USD financial 7.80% (567.500) $64274 21-1un-13 13.50 12.97 (52.626)
21-lun-13 GOGO 2,500 Gogo Inc USD Communications 0.00% ($42,500) $39,899 21-1un-13 17.00 15.96 ($2,601)
21-lun-13 HLSS 2,000 Home loan Servicing Solution USD financial 7.01% (546.000) $44,819 21-1un-13 23.00 22.41 ($1,181)
EFTA01121634
Global Investment Opportunities Group LP. Morgan Securttits LLC
GI CO Account Position and MTM Summary (2013 Closed Positions)
Global Fewest smog ctimortunittes Prepared for Southern Financial LLC as of June 28, 2013
26-Jun-13 LXFT 500 Luxoft Holding Inc USD Technology 0.00% (58.500) $9,255 26-Jun-13 17.00 18.51 $755
26-Jun-13 NSTG 6,000 Nanostring Technologies Inc USD Demmer, Non-cyclic 0.00% ($60.000) $56,764 26-Jun-13 10.00 946 ($3,236)
7-Jun-13 TMO 2,500 Thermo Fisher Scientific Inc USD Indultrial 0.71% ($2133501 $213,896 27-Jun-13 85.50 85.56 $146
27-Jun-13 HDS 14,000 ltd Supply Holdings Inc USD ConwmeE Cyclical 0.00% ($252.000) $251,436 27-Jun-13 18.00 17.96 ($564)
27-Jun-13 CDW 3,000 CAW Corp/De USD Communications 0.00% ($51.000) $52,799 27-Jun-13 17.00 17.60 $1.799
Equity PA. 5194.548
Equity Syndicate PA. 5186.179
Structured Notes
Interest
Trade Date Maturity Face Amount Long Description Cost Basis (S) Market Value (5) Closing Date Entry Price (5) Closing Price (5) Pit
Received
9-lan-13 24-Jan-14 1,000,000 Mk Ren tasked To Cnh Vs 13W SRIev- 500%Mautm 01/09/13 Initial Strike:6.199S (51,000,1200) $1,000,000 SO 6/21/2013 1100.00 5100.00 so
Structured Note> Pa so
U.S. Fixed Income
Trade Date S&P Rating Next Call Date Total Int. Closing Price pit
Maturity Face Amount Issuer Coupon Principal Cost Market Value Closing Date Entry Price
Accrued
24-Oct-11 15-Feb-2016 1,500,000 Hca Inc B- WA 6.500% (51,530,000) $1.650,000 $122,417 24-Jan-13 $102.00 $110.00 $242,417
8-Mar-11 01-Mar-2017 2,500,000 American Axle & Mfg Inc B WA 7.875% ($2,615,625) $2.575,000 $289,844 I -Mar-13 $104.63 $103.00 $249,219
17-Apr-13 Perpetual 3,000,000 Jpmorgan Chase & Co BBB 5/1/2023 5.150% ($3,000,000) $3,015,000 $289,844 17-Apr-13 $100.00 $100.50 $304,844
13-May-13 20-May-2023 800,000 Petrobras Global Finance BBB WA 4.375% ($790.624) $797.600 $289.844 ll-Apr-I3 $98.83 $99.70 $296,820
22-Feb-12 15-Jan-2018 1,000,000 Nrg Energy Inc 88- WA 7.625% ($1,001,500) 11,150,000 $102,938 16-May.13 $100.15 $115.00 5251,438
17-May-13 Perpetual 1,509000 lions Bancorporation Be 6/15/2023 5.800% ($1,500,000) 11,513,125 $9,908 23-May.13 $100.00 $100.88 $23,033
U.S. Fixed Income Pt 1,367,770
International Fixed Income
Coupon Market Val ue (S,t Total IM. Entry Price Closing Price
Trade Date Maturity Face Amount Issue S&P Rating Currency Principal cos t (5) Closing Date PL
Accrued (S) (Local) (Local)
23-Jan-13 OS-Dec-2022 12,000,000 America Movil Salo De Cv A- MXN 6450% ($1,004,417) $1,041,054 $15.705 19 Api-13 10175 106325 $52,343
15-Mar-13 22-May-2023 200,000 BA Sa BBB- USD 3.950% ($196.9941 5197,500 52.260 16 May.13 98.50 98.75 12,766
22-May-13 10-Jun-2028 11,650,000 Red [suttees Decide BBB MXN 9.000% ($944.632) $150.611,416 SO 29 May.13 100.00 10010 $4.528
IS-Jan-13 1/15/2073 25,000 Nucleus Energy Capital BBB $25.00 5.00% ($625.0001 $564,500 $13.802 3iluni13 25.00 22.58 ($46,698)
International Fixed Income P/L 512,939
Mortgage and Asset Backed
Entry Price Closing Price
Trade Date Maturity Original Face Issue S&P Rating Next Call Date Coupon Principal Cost (5) Market Value (5) Accrued (5) Closing Date (Local) (Local) Pit
11-Sep-12 2S-May-2035 8,126,960 tilhl 2005.2 IM1 BB* 8/25/2015 0.633% (51,456,130 $1,565,282 $100.747 2/20/2013 70.00 79.00 $213,895
5-Nov-12 25-Nov-2032 1,750,000 Gm>l 2004-A 83 CCC WA 5.250% ($583,601) $558.780 $83.650 5/1442013 80.50 85.00 $58,829
14-Nov-12 25-Apr-2035 10,000,000 Imm 2005-21h11 CCC 7/25/2013 0.838% (51,165,890) $1,250,164 $66.345 5/23/2013 70.00 78.13 $154,619
Mortgage and Asset Backed PA. $427,343
Listed Prefeereds
Dividends Entry Price Closing Price
Trade Date Maturity Shares Company S&P Rating Par Amount Coupon Principal COO (S) Market Value (5) Closing Date Pit
Received (5) (Local) (Local)
9-lan-13 1/15/2073 15,200 Duke Energy Corp BBB- S25.00 5.13% ($380.000) $383,192 SO 11-1an-13 25.00 25.21 $3,192
14-Jos-13 1/15/2073 10,800 Duke Energy Corp BBB- S25.00 5.13% ($270,000) $279.282 SO 22-1an-13 25.00 25.86 $9,282
22-Jos-13 1/29/2053 32,500 General Eke Cap Corp AA* S25.00 4.88% ($812,500) $811.832 SO 29-Jan-13 25.00 2498 ($668)
29-Jos-13 Perpetual 47,212 Jpmorgan Chase & Co BBB S25.00 5.45% ($1,180,300) $1,173,664 SO 15-Mr-13 25.00 2486 (56,636)
14-Mat-13 Perpetual 25,000 Interstate Power & Light 889 $25.00 5.10% (5625,0001 5624.486 SO IS-Mae-13 25.00 24.98 Mu»
29-Jos-13 Perpetual 12,788 Jpmorgan Chase & Co BBB S25.00 5.45% ($319.7001 $318.237 SO 22-Mar-13 25.00 24.89 (51,463)
7-Feb-13 Perpetual 8.570 Armour Residential Reit WA S25.00 7.88% ($214.2501 $213.553 SO 22-Mar-13 25.00 24.92 ($697)
6-Feb-13 Perpetual 7,000 Genl Growth Properties NR S25.00 6.38% ($175,0001 $173.456 50 22-Mar-13 25.00 24.78 (51,544)
EFTA01121635
Global Investment Opportunities Group I.P. Morgan Securities LLC
Account Position and MTM Summary (2013 Closed Positions)
CI 0 2 0
Global investment onnortunittev Prepared for Southern Financial LLC as of June 28, 2013
7-Feb-13 Perpetua 11,430 Armour Residential Reit N/A 525.00 7.88% ($285.750) 5284,862 50 25-Mar.13 25.00 24.92 ($888)
23-Jan-13 Perpetua 20,000 Sc. Trust li BBB- 525.00 5.10% ($500.000) 5498,571 50 3.Apr.I3 25.00 24.93 ($1,429)
5-Mar-13 Perpetua 15,000 Public Storage BBB. 525.00 5.20% ($375.000) 5375,142 50 5 Apr.I3 25.00 25.01 5142
8-Apr-13 Perpetua 32,000 Mfa Financial Inc WA 525.00 7.50% ($800.000) $801,902 50 17-Apr-13 25.00 25.06 11,902
2-Apr-13 Perpetua 35,000 Digital Realty Trustloc BB* 525.00 5.88% ($875.000) $873,580 50 7-May-13 25.00 24.96 ($1,420)
16-Apr-13 Perpetua 12.000 Fint Republk Bank/51 BBB 525.00 5.50% ($300.000) $299,273 50 7-May-13 25.00 24.94 ($727)
17-Jan-13 Perpetua 26,100 Vormdo Realty Trust BBB- 525.00 5.40% ($652.500) 5652,527 512.332 9-Mrry-13 25.00 25.00 512,360
10-May-13 5/16/2053 20,000 General Eicc Cap Corp Akt 525.00 430% ($500.000) 5500,189 50 10-Mery-13 25.00 25.01 5189
17-Jan-13 Perpetua 900 Vormdo Realty Trust BBB- 525.00 5.40% ($22.500) $22.491 50 10-May-13 25.00 24 99 ($10)
15-Jan-13 1,/15/2073 25,000 Nestera Energy Capital BBB 525.00 5.00% ($625.000) 5593,676 513,802 3-Jun-13 25.00 23.75 (517.522)
Listed Preferred> PIL (56,450)
Listed Preferred' Syndicate Pt (56,450)
Forward Contracts
Trade Date Value Date Bought Notional Sold Notional Fix Date Contract Spot Contract Forward Closing Date Closing Rate Pil
4-Dec-12 8-Jan-13 JPy 822,800,000 CAD 10,000,000 8-Jan-13 82.016 82.28 4-Jan-13 89.17 ($783.578)
18-Dec-12 22-Jan-13 MXN 12,900000 USD 1,011,828 22-Jan-13 12.7324 127492 17-Jan-13 12.58 512.975
17-Jan-13 22-Feb-13 MXN 12,900,000 USD 1,022.438 22-Feb-13 123829 126169 23-Jan-13 12.68 (54396)
2-Nov-12 6-Feb-13 CIF 6,025,500 EUR 5,000,000 4-Feb-13 1207 1.2051 30-Jan-13 123760 (5179.044)
2-Nov-12 6-Feb-13 CHF 6,025,500 EUR 5,000,000 4-Feb-13 1207 1.2051 1-Feb-13 123910 ($187.307)
4-Jan-13 8-Feb-13 WY 890,400,000 CAD 10,000,000 4-Feb-13 89.17 89.04 7-Feb-13 93.5012 (5478045)
7-Feb-I3 12-Mar-13 MY 933,849,000 CAD 10,000,000 8-Mar-13 93,49 93.3849 6-Mar-13 91.0278 5250,580
6-Mar-13 8-Apr-13 MY 909,300,000 CAD 10,000,000 4-Apr-13 91.038 90.93 28-Mar-13 92.61220 ($178.777)
28-Mar-13 1-May-13 MY 92&220,000 CAD 10,000,000 27-Apr-13 92.63 92.522 23-Apr-13 96.85000 (5435,719)
1-Feb-13 6-May-13 CHF 6,190.503 EUR 5,000,000 2-May-13 1.2391 1.2381 23-Apr-13 122840 551,776
23-Apr-13 28-May-13 MY 967,400,030 CAD 10,000,000 24-May-13 96.74 96.74 23-May-13 99.02000 ($225,007)
14-Mar-13 18-Jun-13 USD 5,000,000 KRW 5,581,750,000 14-Jun-13 111635 111635 14-Jun-13 1,128.20000 $52,517
Forward Contracts P/I. (S2,104.225)
Commodity tions
Original Closing Premium
Trade Date Expiration Direction Commodity Type Notional (or) Strike Currency Notional Type Closing Date Premium (s) Pil
(S)
10-Jul-12 08-Feb-13 Sold COH3 Put 10100 79 7.500,000 Call 08-Feb-13 $327,000 50 5323000.00
10-Jul-12 08-Feb-13 Bought COH3 Call 10100 118.5 11.850000 Put 08-Feb-13 (5327.030) 50 ($327,000.00)
Commodity Options MI SO
otal Return Swaps
Effective Maturity Accrued Interest Dividends Closing Price
Trade Date Underlying Shares Rate Spread (bps) Notional Entry Price Closing Date
Date Date Paid Earned (Local)
31-Jan-12 3-Feb-12 5-Feb-13 Apple Inc 8,860 3mL 1.00% S4,044,412.80 ($45.959) $456.48 31-Jan-13 546,958 455.3100 (19367)
31-Jan-13 3-Feb-13 5-Feb-14 Apple Inc 4,430 3mL 1.00% 52,017,023.30 (54,162) $455.31 12-Feb-13 $18,495 469.5847 577.570
31-Jan-13 3-Feb-13 5-Feb-14 Apple Inc 4,430 3mL 1.00% 52,017,023.30 (54,162) $455.31 16-May-13 $18,495 431.1583 (192,659)
Total Return Swaps Pil. (524.456)
Total 2013 P/L (5132.532)
(C)20121PMornan Chase & Co.
EFTA01121636
Global Investment Opportunities Group J.P. Morgan Securities LLC.
GI0
Global Invenenent Opportunities
Account Position and NITIVI Summary (2012 Closed Positions)
Prepared for Southern Financial LLC as of June 28, 2013
Dividend Entry Price Closing Price
Trade Date Symbol Shares Company Currency Industry Cost Basis (5) Market value (5) Closing Date PR_
Yield (Local) (Local)
15-Nov-12 AKS 135,000 Ak Steel Holding Corp USD Basic Materials 0.00% ($540,000) $489,645 15-Nov-12 4.00 3.63 ($50,355)
15-Mar-12 ALs'i 5,400 Allison Transmission Holding USD Consumer, Cyclical 2.08% ($124,200) $122,580 15-Mar-12 23.00 22.70 ($1,620)
15-Feb-12 ALNY 4,050 Alnylam Pharmaceuticals Inc USD insurner, Non-cyclic 0.00% ($43,538) $44,352 15-Feb-12 10.75 10.95 $814
26-Oct-12 ACC 7,000 imerican Campus Communitie USD ?Month 3.54% ($306,250) $308,469 26-Oct-12 43.75 44.07 $2,219
11-Jul-12 ACC 5.000 unerican Campus Communitie USD ?Month 3.54% ($221,250) $221,095 11-Jul-12 44.25 44.22 ($155)
18-Jul-12 AGNC 9.000 American Capital Agency Corr USD ?Month 18.25% ($306,900) $307,710 18-Jul-12 34.10 34.19 $810
7-Mar-12 AGNC 15,300 American Capital Agency Corr USD ?Month 18.25% ($449,055) $449,499 8-Mar-12 29.35 29.38 $444
11-Dec-12 MG 20,250 American International Sour USD ?Month 0.00% ($658,125) $697,795 11-Dec-12 32.50 34.46 $39,670
11-Sep-12 MG 21,000 American International Group USD FMancia 0.00% ($682,500) $691,089 11-Sep-12 32.50 32.91 58,589
3-Aug-12 MG 6.300 American International Group USD FMancia 0.00% ($192,150) $199,609 6-Aug-12 30.50 31.68 $7,459
7-May-12 MG 5.000 American International Group USD FMancia 0.00% ($152,500) $152,645 7-May-12 30.50 30.53 5145
15-Mar-12 APO 2.500 Amerigas Partners-Lp USD Consumer, Cyclical 6.80% ($103,125) $101,378 16-Mar-12 41.25 40.55 ($1,748)
28-Mar-12 BNNY SOO Annie'S Inc USD msumer. Non-cyclic 0.00% ($9,500) $15,656 28-Mar-12 19.00 31.31 $6,156
3-Oct-12 ARI 4.500 Apollo Commercial Real Estat USD Financial 10.08% ($76,410) $75,699 3-Oct-12 16.98 16.82 ($711)
17-Apr-12 AMTG 2.250 Apollo Residential Mortgage USD Financial 16.99% ($41,063) $40,365 17-Apr-12 18.25 17.94 ($698)
20-Sep-12 ARE% 10,000 Approach Resources Inc USD Energy 0.00% ($305,000) $292,440 20-Sep-12 30.50 29.24 ($12.560)
17-Aug-12 ARCC 3,000 Ares Capital Corp USD Financial 8.84% ($50,430) $50,400 17-Aug-12 16.81 16.80 ($30)
25-Apr-12 ACRE 3,150 Ares Commercial Real Estate USD Financial 7.80% ($58,275) 556,543 26-Apr-12 18.50 17.95 ($1,733)
8-Nov-12 AWI 3,500 Armstrong World Industries USD Industrial 0.00% ($178,500) $178,910 8-Nov-12 51.00 51.12 $410
9-Nov-12 ARRY 11,000 Array Biopharma Inc USD msumer, Non-cyclic 0.00% ($40,150) $38,522 9-Nov-12 3.65 3.50 ($1,628)
4-Dec-12 API. 3,500 Atlas Pipeline Partners Lp USD Energy 6.10% ($108,500) $107,937 5-Dec-12 31.00 30.84 ($564)
20-Nov-12 ARP 3,000 Atlas Resource Partners Lp USD Energy 930% ($69,030) $68,007 21-Nov-12 23.01 22.67 ($1,023)
29-Nov-12 AVB 1,250 Avalonbay Communities Inc USD Financial 3.17% ($162,500) $166,153 29-Nov-12 130.60 132.92 $3,653
2-Feb-12 AVG 1,800 Avg Technologies USD Technology 0.00% ($28,800) $23,958 2-Feb-12 16.00 13.31 ($4,842)
1-Feb-12 OR 1,350 8ancolombia S.A.-Spons Mr USD Financial 2.92% ($81,000) $81,707 1-Feb-12 60.00 60.52 $707
7-Aug-12 BLMN 1,800 Bloomin' Brands Inc USD Consumer, Cyclical 0.00% ($19,800) $21,375 8-Aug-12 11.00 11.88 $1,575
0-Oct-12 BWP 2.500 Boardwalk Pipeline Partners USD Energy 7.05% ($67,475) $66,975 4-Oct-12 26.99 26.79 ($500)
2-Aug-12 BWP 2.500 Boardwalk Pipeline Partners USD Energy 7.05% ($69,500) $68,018 2-Aug-12 27.80 27.21 ($1,483)
20-Jan-12 BWP 1,250 Boardwalk Pipeline Partners USD Energy 7.05% ($34,438) $33,899 20-Jan-12 27.55 27.12 ($539)
IS-Nov-12 BRP 1,400 Brookfield Residential Prope USD Consumer, Cyclical 0.00% ($20,286) $20,286 15-Nov-12 14.49 14.49 $0
22-Mar-12 C3TE 6,750 Caesarstone Sdot-Yam Ltd USD Industrial 0.00% ($74,250) $74,378 22-Mar-12 11.00 11.02 $128
8-May-12 CLMT 2,000 Calumet Specialty Products USD Energy 748% ($51,000) $48,498 8-May-12 25.50 24.25 ($2,502)
3-May-12 CG 5,000 Carlyle Group/The USD Financial 2.50% ($110,000) $109,905 3-May-12 22.00 21.98 ($95)
28-Sep-12 CWST 8,000 Casella Waste Systems Inc-A USD Industrial 0.00% ($32,000) $33,904 28-Sep-12 4.00 414 $1,904
8-Feb-12 CPAC 27,000 :ementos Pacasmayo Saa - Ad USD Industrial 135% ($310,500) $295,731 8-Feb-12 11.50 10.95 (514,769)
4-Apr-12 DNS 2.475 Clovis Oncology Inc USD insumer, NOn-tytIlt 0.00% ($49,500) $49,978 4-Apr-12 20.00 20.19 $478
24-Feb-12 CIE 3,600 Cobalt International Energy USD Energy 0.00% ($100,800) $107,600 24-Feb-12 28.00 29.89 $6,800
19-Oct-12 CPNO 20,000 Copano Energy Lk-Units USD Energy 5.72% ($642,600) $635,560 19-Oct-12 32.13 31.78 ($7,040)
13-Jan-12 CPNO 2,000 Copano Energy Lk-Units USD Energy 5.72% ($68,060) $67,668 13-Jan-12 34.03 33.83 ($392)
11-Oct-12 OFC 2,000 Corporate Office Properties USD Financial 431% ($49,500) $51,190 11-Oct-12 24.75 25.60 $1,690
2-Mar-12 DPM 1,000 Dcp Midstream Partners Lp USD Energy 5.18% ($47,420) $46,899 2-Mar-12 47A2 46.90 ($521)
5-Sep
-12 DCT 9,000 Oct Industrial Trust Inc USD Financial 3.91% ($55,800) $56,700 5-Sep-12 6.20 630 $900
27-Jun-12 DLR 1,250 Digital Realty Trust Inc USD Financial 5.11% ($90,313) $90,850 27-Jun-12 72.25 72.68 $538
6-Jun-12 DG 4,950 Dollar General Corp USD Consumer, Cyclical 0.00% ($231,413) $235,303 6-Jun-12 46.75 47.54 $3,891
28-Mar-12 DG 4,500 Dollar General Corp USD Consumer, Cyclical 0.00% ($203,625) $203,823 28-Mar-12 45.25 45.29 $198
30-Mar-12 ONKN 7,200 Dunkin' Brands Group Inc USD Consumer, Cyclical 1.77% ($212,400) $211,788 30-Mar-12 29.50 29.42 ($612)
9-May-12 DVAX 18,000 Dynavax Technologies Corp USD msumer. Non-cyclic 0.00% ($76,500) $71,910 9-May-12 4.25 4.00 ($4,590)
11-Sep-12 EPS 2,000 El Paso Pipeline Partners Lp USD Energy 5.68% ($68,680) $68,478 11-Sep-12 34.30 34.24 ($202)
2-Aug-12 ELOQ 2,000 Eloqua Inc USD Technology 0.00% ($23,000) $25,976 2-Aug-12 11.50 12.99 $2,976
28-Jun-12 ETP 1,500 Energy Transfer Partners Lp USD Energy 7.07% ($66.855) $60,995 28-Jun-12 44.57 43.33 (51.860)
25-Sep-12 EPD 3,000 Enterprise Products Partners USD Energy 431% ($159,210) $161,097 25-Sep-12 53.07 53.70 51.887
27-Jun-12 EQM 2,000 Eqt Midstream Partners Lp USD Energy 3.02% ($42,000) $45,784 27-Jun-12 21.00 22.89 53.784
28-Nov-12 FOR 2,000 Equity Residential USD Financial 2.75% ($109,500) 5111,258 29-Nov-12 54.75 55.63 $1.758
EFTA01121637
Global Investment Opportunities Group J.P. Morgan Securities LLC.
Account Position and MTM Summary (2012 Closed Positions)
CI
Global Inve.tmeret Ovvoorcuollin Prepared for Southern Financial LLC as of June 28. 2013
10-Feb-12 EVEP 1,800 Ev Energy Partners Lp USD Energy 822% ($122,310) $122,783 10-Feb
-12 67.95 68.21 $473
12-Sep-12 ET 2,000 Exacttarget Inc USD Communications 0.00% ($45,000) $46,446 12-Sep-12 22.50 23.22 $1,446
22-Mar-12 ET 750 Exacttarget Inc USD Communications 0.00% ($14,250) $17,276 22-Mar-12 19.00 23.04 $3,026
29-Feb-12 EXLP 2.250 &tartan Partners Lp USD Energy 6.86% ($54,113) $53,168 29-Feb-12 24.05 23.63 (5945)
17-May-12 FE 17,500 facebook Inc-A USD Communications 0.00% ($665,000) $349,405 3-Aug-12 38.00 19.97 ($315,595)
11-Sep-12 FSC 7,000 Fifth Street Finance Corp USD Financial 11.00% ($75,530) $74,753 11-Sep-12 10.79 10.68 ($777)
29-Feb-12 FRC 3,375 First Republic Bank/Ca USD Financial 1.25% ($101,250) $101,675 29-Feb-12 30.00 30.13 5425
12-Apr-12 FET 1,013 Forum Energy Technologies Ir USD Energy 0.00% ($20,260) $22,220 12-Apr-12 20.00 21.94 $1,960
18-Apr-12 FRAN 1,500 Francescas Holdings Corp USD Consumer, Cyclical 0.00% ($41,400) 542,185 18-Apr-12 27.60 28.12 5785
27-Jan-12 FRAN 3,150 Francescas Holdings Corp USD Consumer, Cyclical 0.00% ($72,450) $72,765 27-Jan-12 23.00 23.10 5315
30-Mar-12 GLOG 5,400 Gaslog Ltd USD Industrial 3.44% ($75,600) $68.872 30-Mar-12 14.00 12.75 (56...+ '.
14-Sep-12 GWR 2.000 Genesee 8 Wyoming Inc-CI A USD Industrial 0.00% ($129,500) $132,182 14-Sep-12 64.75 66.09 $2,682
21-Jun-12 GNMK 9,000 Genmark Diagnostics Inc USD mwmer. Non-cyclic 0.00% ($37,800) $37,899 21-Jun-12 4.20 4.21 199
8-Nov-12 GNC 6,000 Gnc Holdings Inc-CI A USD Consumer, Cyclical 1.36% ($211,200) $211,284 8-Nov-12 35.20 35.21 184
14-Mar-12 GNC 5,400 Gnc Holdings Inc-CI A USD Consumer, Cyclical 1.36% ($180,900) $180,517 14-Mar-12 3330 33.43 5r6„ ,
13-Dec-12 GPK 1,000 3raphic Packaging Holding Cc USD Industrial 0.00% ($6,100) $6,100 13-Dec-12 6.10 6.10 SO
2-Feb-12 GWAY 1,800 ireenway Medical Technologi USD Technology 0.00% ($18,000) $21,672 2-Feb-12 10.00 12.04 $3,672
26-Sep-12 BSMX 4,000 Grupo Fin Santander-Adr B USD Financial 0.00% ($48,740) $50,440 26-Sep 12 12.19 12.61 $1,700
19-Apr-12 GWRE 1,500 Guidewire Software Inc USD Technology 0.00% ($42,375) $44,075 19-Apr-12 28.25 29.38 $1,700
25-Jan-12 GWRE 1,125 Guidewire Software Inc USD Technology 0.00% ($14,625) $18,744 25-Jan-12 13.00 16.66 $4,119
19-Sep-12 HCN 5,000 Health Care Reit Inc USD Financial 4.56% ($280,000) $286,350 19-Sep-12 56.00 57.27 $6,350
7-Aug-12 HCN 2.750 Health Care Reit Inc USD Financial 4.56% ($161,563) $162,269 7-Aug-12 58.75 59.01 $707
22-Feb-12 HCN 4,950 Health Care Reit Inc USD Financial 4.56% ($264,825) $264,701 22-Feb-12 53.50 53.48 ($124)
25-Sep-12 till 4,000 Healthcare Realty Trutt Inc USD Financial 4.71% (391.400) $92,852 25-Sep-12 22.85 23.21 $1,452
11-Dec-12 HTZ 6,000 Hertz Global Holdings Inc USD mnumer, Non-cycl 0.00% ($94,800) $93,708 11-Dec-12 15.80 15.62 ($1,092)
5-Apr-12 HOV 20,250 Hovnanian Enterprises-A USD Consumer, Cyclical 0.00% ($40,500) $39,994 5-Apr-12 2.00 1.98 (5506)
2-Aug-12 IDIX 15,750 Idenix Pharmaceuticals Inc USD rnsumer, Non-rycl 0.00% ($126,000) $125,465 2-Aug-12 8.00 7.97 ($536)
13-Dec-12 INFI 1,000 Infinity Pharmaceuticals Inc USD insumer, Non-cyd 0.00% ($26,330) $27,932 13-Dec-12 26.33 27.93 $1,602
9-Aug-12 INFI 2.250 Infinity Pharmaceuticals Inc USD insumer, Non-cyd 0.00% ($32,625) $33,525 9-Aug-12 14.50 14.90 $900
10-Feb-12 IRWD 1,900 Ironwood Pharmaceuticals Inc USD msumer, Non-cyd 0.00% ($28.671) $29,767 10-Feb-12 15.09 15.67 $1,096
6-Dec-12 KML 1,500 Kar Auction Services Inc USD msumer. Non-cyd 331% ($26,250) $26880 6-Dec-12 17.50 17.72 $330
8-Aug-12 KRC 2.000 Kilroy Realty Corp USD Financial 2.64% ($92,200) $92740 8-Aug-12 46.10 46.37 $540
8-Aug-12 KMR 2.700 Inder Morgan Management L USD Energy 0.00% ($198,450) $197,702 8-Aug-12 73.50 73.22 ($748)
11-Oct-12 KYTH 1,200 Kythera Biopharmaceuticals I USD msurner. Non-cyclic 0.00% ($19,200) $23,383 11.0ct-12 16.00 19.49 $4,183
12-Oct-12 IPI 2.475 Laredo Petroleum Holdings In USD Energy 0.00% ($50,119) $52,421 12.0ct-12 20.25 21.18 $2,302
18-Oct-12 LXRX 20,000 Lexicon Pharmaceuticals Inc USD msumer. Non-cyclic 0.00% ($45,000) $44,000 18-Oct-12 2.25 220 ($1,000)
12-Oct-12 LNCO 1,200 Linn Co tic USD Energy 7.78% ($43,800) $45,299 12.0ct-12 36.50 37.75 $1,499
12-Jan-12 LINE 4,000 Unn Energy Lic-units USD Energy 8.75% ($143,800) $143,228 13-Jan-12 35.95 35.81 ($572)
1-May-12 LPLA 3,600 Lpi Financial Holdings Inc USD Financial 143% ($124,200) $124,700 2-May-12 34.50 34.64 $500
1-Mar-12 LUFK 1,025 Lufkin Industries Inc USD Energy 0.57% ($81,231) $82,104 1-Mar-12 79.25 80.10 $872
6-Sep-12 MHO 4.000 Ma Homes Inc USD Consumer, Cyclical 0.00% ($70,520) $73,116 6-Sep-12 1783 18.28 $2.596
10-Aug-12 MANU 2.925 Manchester United Plc-CI A USD Consumer, Cyclical 0.00% ($40,950) $40,883 10-Aug-12 14.00 13.98 ($67)
23-Feb-12 MKTX 2.250 Marketaxess Holdings Inc USD Financial 1.11% ($68,625) $71887 23-Feb-12 30.50 31.86 $3,062
1-Feb-12 MPW 22,500 Medical Properties Trust Inc USD Financial 5.59% ($219,375) $220,275 2-Feb-12 9.75 9.79 $900
29-Mar-12 MACK 3,000 Merrimack Pharmaceuticals Ir USD %Korner, Non-Cyclic 0.00% ($21,000) $18,600 29-Mar-12 7.00 620 (52,400)
23-Mar-12 KORS 9,000 Michael Kors Holdings Ltd USD Consumer, Cyclical 0.00% ($423,000) $422.991 23-Mar-12 47.00 47.00 ($9)
25.Oct-12 MPIX 2.500 Mplx Lp USD Energy 2.97% ($55,000) $64,988 26.0ct-12 22.00 26.00 $9,988
7-Mar-12 NSM 2.000 Vationstar Mortgage Holding USD Financial 0.00% ($28,000) $27,040 8-Mar-12 14.00 13.52 ($960)
3-May-12 NMM 3,000 Nadia. Maritime Partners Lp USD Industrial 12.25% ($47,040) $46,590 3-May-12 15.68 15.53 (5450)
25.Oct-12 NAV 2000 Navistar International Corp USD Consumer, Cyclical 0.00% ($37,500) $36,900 25.0ct-12 18.75 18.45 ($600)
20-Mar-12 NEW 7,650 Nielsen Holdings Nv USD Communications 1.90% ($231,413) $233,876 21-Mar-12 30.25 30.57 52.463
26-Jul-12 Nil 5,500 Northern Tier Energy Lp USD Energy 20.48% ($77,000) $78,177 26-Jul-12 14.00 14.21 $1,177
2-Feb-12 NG 11,250 Novagold Resources Inc USD Basic Materials 0.00% ($106,875) $105,188 2-Feb-12 9.50 935 (51.688)
5-Sep-12 NS 4,000 guitar Energy Lp USD Energy 9.60% ($195,760) $194,832 5-Sep-12 48.94 48.71 ($928)
11-Apr-12 OAK 1,000 Oaktree Capital Group Lic USD Financial 10.76% ($43,000) $42,329 12-Apr-12 43.00 42.33 ($671)
28-Feb-12 OKS 1,350 Oneok Partners Lp USD Energy 5.76% ($80,015) $79849 28-Feb-12 59.27 58.93 ($466)
EFTA01121638
Global Investment Opportunities Group J.P. Morgan Securities LLC.
GI0
Global Inseranseni 0130011,10100114.14
Account Position and PATIO Summary (2012 Closed Positions)
Prepared for Southern Financial LLC as of June 28, 2013
3-May-12 ROYT 45,000 Pacific Coast Oil Trust USD Energy 10.46% (5900,000) 5898290 3-May-12 20.00 19.96 (11.710)
25-Sep-12 PUNT 3.000 Pennantpark Investment Corp USD Financial 10.14% (532.460) 532,190 25-Sep-12 10.82 10.73 (1270)
5-Mar-12 POM 4,950 Pepco Holdings Inc USD Utilities 5.36% (595.288) 596,030 6-Mar-12 19.25 19.40 $743
8-Aug-12 PSMI 1.000 'eregrine Semiconductor Con USD Technology 0.00% (514.000) $14,534 8-Aug-12 14.00 14.53 $534
15-May-12 PETD 1.000 Pdc Energy Inc USD Energy 0.00% (526.500) 526,450 16-May-12 26.50 26.45 ($50)
6-Mar-12 PAA 1.000 Plains All Amer Pipeline Lp USD Energy 4.13% (580.030) 579,091 6-Mar-12 80.03 79.09 (5939)
9-Nov-12 PVR 5.000 Pvr Partners Lp USD Energy 8.07% (5115,550) 5113,415 9-Nov-12 23.11 22.68 (52.135)
7-Dec-12 ORE 2.500 Or Energy Lp USD Energy 11.09% (540.600) 539,650 7-Dec-12 16.24 15.86 (1950)
11-Apr-12 ORE 2.700 Or Energy Lp USD Energy 11.09% (551.786) $51824 12-Apr-12 19.18 19.12 (1162)
8-Mar-12 QLTY 1,250 Quality Distribution Inc USD Industrie 0.00% (516.250) $16,650 8-Mar-12 13.00 13.32 $400
28-Sep-12 QLYS 1,000 Qualys Inc USD Technology 0.00% (512.000) $11,950 28-Sep-12 12.00 11.95 (550)
17-May-12 RPT 2.500 Ramco.Gershenson Properties USD ?blonde 4.33% (530.250) 529,750 17-May-12 12.10 11.90 (1500)
15-Feb-12 RIF 3.150 Raymond James Financial Inc USD Financia 130% (5107.100) $109,529 15-Feb-12 34.00 34.77 52.429
11-Oct-12 RLGY 7,200 Realogy Holdings Corp USD Financia 0.00% (5194.400) $238,183 11-Oct-12 27.00 33.08 143.783
14-Mar-12 RF 25.000 Regions Financial Corp USD ?blonde 1.26% (5147.500) 5149,800 14-Mar-12 5.90 5.99 52.300
5-Apr-12 RPAI 7,650 Retail Properties Of Ame - A USD ?blonde 4.63% (561.200) 566,180 5-Apr-12 8.00 8.65 54,980
3-Oct-12 RIGL 2.000 Rigel Pharmaceuticals Inc USD msurner, NOMCyClit 0.00% (519.000) 518,936 3-0d-12 9.50 947 (164)
8-Feb-12 RNDY 22.500 RoundyS Inc USD Consumer, Cyclical 5.76% (5191,250) 5196,898 8-Feb-12 8.50 8.75 $5.648
8-Mar-12 S8AC 1,500 ibe Communications Corp-Cl I USD Communications 0.00% (571.250) 571,957 8-Mar-12 47.50 47.97 $707
14-Dec-12 SttY 1.500 Silver My Realty Trust Corp USD Financial 024% (127.750) 528,065 14-Dec-12 18.50 18.71 $315
9-Mar-12 SPG 2.250 Simon Property Group Inc USD Financial 2.91% (5308.250) 5308,023 9-Mar-12 137.00 136.90 ($227)
11-Dec-12 SE 4,000 Spectra Energy Corp USD Energy 3.54% (5107.000) 5108,756 12-Dec-12 26.75 27.19 51,756
19-Jul-12 SPUR 2.000 Splunk Inc USD Communications 0.00% (556.500) 557,542 20-Jul-12 28.25 28.77 51,042
18-Apr-12 SPLIC 500 Splunk Inc USD Communications 0.00% (58.500) 515.650 19-Apr-I 2 17.00 31.30 S7,150
8-Aug-12 SPH 2.000 iuburban Propane Partners Lc USD Energy 7.53% (575.220) $73.854 9-Aug-12 37.61 36.93 (11.366)
15-Nov-12 NGLS 4,000 Targa Resources Partners Lp USD Energy 5.53% ($144,000) 5141,116 16-Nov-12 36.00 35.28 (12.884)
18-Jan-12 NGLS 1,250 Targa Resources Partners Lp USD Energy 5.53% (547.875) 548,011 18-Jan-12 38.30 38.41 $136
5-Sep-12 TGP 2.000 Teekay Lng Partners Lp USD Industrial 6.18% ($76,860) 575.798 5-Sep-12 38.43 37.90 (11,062)
20-Sep-12 TRW 800 Trulia Inc USD Communications 0.00% ($13.6013 $18,981 20-Sep-12 17.00 23.73 $5.381
9-Nov-12 TUMI 1.500 Tumi Holdings Inc USD msumer, NOMCyClit 0.00% (531.650) $31,596 9-Nov-12 21.10 21.06 (154)
19-Apr-12 TUMI 700 Tumi Holdings Inc USD msumer, NOMCyClit 0.00% (512.600) $17,991 19-Apr-12 18.00 25.70 55,391
13-Jul-12 TWO 11.250 Two Harbors Investment Corr USD Financial 12.05% (5117,450) 5119,025 13-Jul-12 10.44 10.58 51,575
22-Feb-12 7WO 9,000 Two Harbors Investment Corr USD Financial 12.05% (189.100) $89,460 22-Feb-12 9.90 9.94 5360
11-Jan-12 TWO 13.725 Two Harbors Investment Corr USD Financial 12.05% (5125,858) 5125,721 11-Jan-12 9.17 S16 (5137)
10-May-12 ULTA 2.700 Ulta Salon Cosmetics 8 Fragr USD Consumer, Cyclical 0.00% ($226,800) $231,725 10-May-12 84.00 85.82 54,925
14-Nov-12 MWE 3.000 Markwest Energy Partners Lp USD Energy 4.91% (5139.500) 5142.131 14-Nov-12 46.50 47.38 52.631
14-Aug-12 MWE 1.100 Markwest Energy Partners Lp USD Energy 4.91% (555.792) 555.629 14-Aug-12 50.72 50.57 (1163)
12-Sep-12 VNR 2.500 Vanguard Natural Resources USD Energy 8.82% (168.775) $68.498 12-Sep-12 27.51 27.40 (5278)
7-Dec-12 VNTV 5.000 Vantiv Inc CI A USD 'intoner, NO:Hyde 0.00% (5100.500) 5104,360 7-Dec-12 20.10 20.87 $3,860
3-Aug-12 VNTV 2.500 Vantiv Inc - CI A USD rnsumer, Non-cyclic 0.00% (554.750) 555,033 3-Aug-12 21.90 22.01 5283
22-Mar-12 VNTV 4.500 Vantiv Inc - CI A USD rnsumer, Non-cyclic 0.00% (576.500) $85,127 22-Mar-12 17.00 18.92 58,627
1-Mar-12 VVUS 7,200 Vivus Inc USD insumer., Non-cyclic 0.00% (5162.000) 5164,707 1-Mar-12 22.50 22.88 $2.707
7-Sep-12 VCRA 2.750 Vocera Communications Inc USD Technology 0.00% (579.063) $80,938 7-Sep-12 28.75 29.43 51,876
28-Mar-12 VCRA 750 Vocera Communication Inc USD Technology 0.00% (512.000) $17382 28-Mar-12 16.00 23.18 55,382
11-May-12 WWWW 3.000 Web.Com Group Inc USD Communications 0.00% (145.750) $45,204 11-May-12 15.25 15.07 (5546)
28-Sep-12 WMC 3.500 Nestem Asset Mortgage GO USD Financial 20.61% (577.700) $78,012 28-Sep-12 22.20 22.29 $312
10-May-12 WMC 2.250 Nestern Asset Mortgage Capi USD Financial 20.61% (145.000) $41,765 10-May-12 20.00 18.56 ($3.236)
5-Dec-12 WHF 5.175 Whitehorse Finance Inc USD Financial 9.02% (577.625) $71,736 5-Dec-12 15.00 13.86 ($5.889)
26-Oct-12 WWAV 2.500 Whitewave Foods Co - CI A USD muumer, Non-cyclic 0.00% (142.500) 543,170 26-Oct-12 17.00 17.27 1670
23-Mar-12 WHZ 2.250 Whiting Usa Trust II USD Energy 19.64% (145.000) 549,518 23-Mar-12 20.00 22.01 14.518
13-Dec-12 WMB 1,000 Williams Cos Inc USD Energy 4.34% (531.000) $31,349 13-Dec-12 31.00 31.35 1349
8-Aug-12 WPL 1,000 Williams Partners Lp USD Energy 6.57% (551.430) $50,769 8-Aug-12 51.43 50.77 (1661)
4-Apr-12 WV/ 1,000 Williams Partners Lp USD Energy 6.57% (554.560) 554,149 4-Apr-12 5436 54.15 (1411)
25-Jan-12 WV/ 3.000 Williams Partners Lp USD Energy 6.57% (5188.430) 5187,581 25-Jan-12 62.81 62.53 (1849)
12-Oct-12 WDAY 900 Workday Inc-Class A USD Technology 0.00% (525.200) $41,766 12-Oct-12 28.00 46.41 116,566
20-Jan-12 ZIOP 6,750 Ziopharm Oncology Inc USD %sumer, Non-cyclic 0.00% (535.100) 534,452 20-Jan-12 5.20 5.10 (1648)
EFTA01121639
Global Investment Opportunities Group J.P. Morgan Securities LLC.
GI 0
[ Global Invearmeni 0 ,,,,,,rootlet..
Account Position and MTM Summary (2012 Closed Positions)
Prepared for Southern Financial LLC as of June 28, 2013
28-Mar-12 ZNGA 3.600 Zynga Inc - CI A U5D Communications 0.00% ($43.20D) $44,784 29-M 2 12.00 12.44 $1,584
22-Jun-12 CNCO/T 7,500 Cencosud Sa-Sponsored Mr U5t) ,nsumer, Non-cyclic 0.00% ($117.098) $116,768 _2-La 15.61 15.57 ($328)
U Fixed Income
Total Int.
Trade Date Maturity Face Amount Issuer S&P Rating Next Call Date Coupon Principal Cost Market value Closing Date Entry Price Closing Price
Accrued
7-Nov-11 31-Dec-2013 1,000,000 American Capital Ltd NR WA 7.960% ($1,011,000) $1,000,000 $63,017 22-Aug-12 $101.10 $100.00 $52,017
12-Jan-12 31-Dec-2013 1,000,000 American Capital Ltd NR N/A 7.960% ($1,020,000) $1,000,000 $48,644 22-Aug-12 $102.00 $100.00 $28,644
23-Apr-10 02-May-2016 1,123.608 Cit Group Inc BB. N/A 7.000% ($1,061,809) $1,123,608 $188,766 17-Sep-12 $94.50 $100.00 $250,565
23-Apr-10 02-May-2016 2,886.675 Cit Group Inc BB. N/A 7.000% ($2,727,908) $2,886,675 $478,226 5-Sep-12 $94.50 $100.00 $636,993
23-Apr-10 02-May-2016 989,717 Cit Group Inc BB. N/A 7.000% ($935,283) $989,717 $161,269 21-Aug-12 $94.50 $100.00 $215,703
17-Mar-10 02-May-2017 959.777 Cit Group Inc BB. N/A 7.000% ($885,394) $959,777 $165,722 5-Sep-12 $92.25 $100.00 $240,104
17-Mar-10 02-May-2017 1,236.549 Cit Group Inc BB. N/A 7.000% ($1,140,717) $1,236,549 $191,871 5-Jun-12 $92.25 $100.00 $287,704
17-Mar-IC 02-May-2017 303.674 Cit Group Inc BB. N/A 7.000% ($280,139) $303,674 $45,231 3-May-12 $92.25 $100.00 $68,765
15-Jul-11 07-Aug-2012 1,000,000 Deutsche Bank Ag London N/A N/A 0.000% ($1,000,000) $617,830 $0 7-Aug-12 $100.00 $61.78 ($382,170)
25-Jun-10 01-Oct-2014 1,547.333 Felcor Lodging Lp 8+ N/A 10.000% ($1,628,568) $1,734,947 $256,599 22-Feb-12 $105.25 $112.13 $362,979
28-Jun-10 01-Oct-2014 773,667 Felcor Lodging Lp 8+ N/A 10.000% ($814,284) $867,474 $127,655 22-Feb-12 $105.25 $112.13 $180,845
15-Sep-10 15-Apr-2015 1,200,000 Ford Motor Credit Co Lk 88+ N/A 7.000% ($1,278,000) $1,308,000 $129,967 2-Apr-12 $106.50 $109.00 $159,967
20-Jun-12 09-Jul-2013 3,000,000 Goldman Sadu Group Inc N/A N/A 0.000% ($3,000,000) $3,162,000 $0 24-Sep-12 $100.00 $105.40 $162,000
26-Oct-11 09-Nov-2012 1,000,000 Hsbc Usa Inc N/A N/A 0.000% ($1,000,000) $1,097,500 SO 9-Nov-12 $100.00 $109.75 $97,500
14-Feb-12 17-May-2013 5,000,000 Hsbc Usa Inc N/A N/A 0.000% ($5,000,000) $5,315,000 SO 24-Sep-12 $100.00 $10630 $315,000
21-Jul-10 22-Jul-2013 2,500,000 Jpmorgan Chase 8 Co N/A N/A 0.000% ($2,512,500) $4,469,250 SO 28-Jun-12 $100.50 $178.77 $1,956,750
9-Dec-10 16-Jun-2012 3,000,000 Morgan Stanley N/A N/A 0.000% ($3,000,000) $4,058,970 SO 18-Jun-12 $100.00 $135.30 $1,058,970
13-Jan-11 26-Jul-2012 2,000,000 Morgan Stanley N/A N/A 0.000% ($2,000,000) $1,019,780 SO 26-Jul-12 $100.00 $50.99 ($980,220)
14-Nov-12 15-Jun-2043 600,000 Prudential financial Inc 888+ 6/15/2023 5.625% ($599,964) $601,500 $2,063 6-Dec-12 $99.99 $10015 $3,599
7-Feb-12 08-Jan-2015 1,000,000 Royal 8k Scotlnd Grp Plc 88+ N/A 5.050% ($966,000) $1,030,000 $36,051 24-Oct-12 $96.60 $10100 $100,051
3-Aug-11 07-Feb-2013 2,000,000 Sg Structured Products N/A N/A 0.000% ($2,000,000) $2,211,600 SO 23-Aug-12 $100.00 $11038 $211,600
16-Mar-11 20-Jun-2012 5,000,000 Sg Structured Products N/A N/A 0.000% ($5,000,000) $5,277,500 SO 14-Feb-12 $100.00 $105.55 $277,500
30-Jan-12 Perpetual 2,000,000 Southern Cal Edison B88- 2/112022 6.250% ($1,983,320) $2,035,000 $10,069 29-Feb-12 $99.17 $101.75 $61,749
11-Jan-12 Perpetual 325,000 Southern Cal Edison B88- 2/112022 6.250% ($324,604) $326,625 $451 19-Jan-12 $9928 $100.50 $2,473
U.S. Fixed Income Pd. SS.369.087
nternatIonal Fixed Income
Total Int. Entry Price Closing Price
Trade Date Maturity Face Amount Issue S&P Rating Currency Coupon Principal Cost (5) Market Value (5) Closing Date P/L
Accrued (5) (Local) (Local)
9-Feb-12 Perpetual 300,000 Braskem Finance Ltd B88- USD 7.375% ($301,125) $301,140 $3,626 10-Apr-12 100.38 100.38 $3,641
International Fixed Income PA. 53,641
Munld Bonds Non Taxable
58P Rating Next Call Date Coupon Principal Cost (5) Market Value (S) Total Int. Closing Date Entry
mimed (s) (1.0cal
Price
)
20-Jun-12 15-Jun-2O34 1,000,000 Nyc Mun Wtr/Swr-Ff AA. 6/15/2022 3.750% (S986,170) $984,500 So 21-Jun-12 98.82 98.45 ($3.670)
8-Mar-12 8-Mar-12 1,000.000 Pr-Ref-A BBB- 7/1/2022 5.125% ($962,500) $986,500 so 21-Jun-12 98.25 98.65 $4,000
16-Feb-12 8-Mar-12 1.000.000 Pr Aqueduct-A-5r Lien 88+ 7/1/2022 5.250% (S974.740) $982,700 So 16-Feb-12 97.47 9827 $7.960
Municipal Bonds Non Taxable PA. $8,290
Mort e and Asset Backed
Total lnt. Entry Price Closing Price
Trade Date Maturity Original Face S&P Rating Next Call Data Coupon Principal Cost (Si Market value (5) Closing Date FlL
Accrued (5) (Local) (Local)
EFTA01121640
Global Investment Opportunities Group J.P. Morgan Securities LLC,
I0
C:latinlInvflenarnit,
Account Position and NITM Summary (2012 Closed Positions)
Prepared for Southern Financial LLC as of June 28, 2013
13-Sep-12 25-Dec-2034 3,275,000 Wfmbs 2004-Ee BI CCC 6/25/2015 2.703% (11,493,827) 11,629,095 $28.900 29-Nov-12 72.75 80.00 1164,168
12-Apr-12 20-Jul-2036 6,000,000 Bafc 200642A5 CCC 7/20/2020 0.472% (11,647,559) 11,736,477 1161,166 29-Nov-12 65.00 73.00 $250,084
18-Jun-12 25-Jan-2037 2,081,519 Boams 2007-1 2Al2 CCC 10/25/2017 6.000% (51,165,006) 11,199,332 581,684 4-Oct-12 57.00 60.00 $116,010
15-Aug-12 25-Nov-2034 10,004000 Bsabs 2004-Ac6 MI CCC 7/25/2013 0.863% (11,051,316) 11,175,593 $84,029 8-Nov-12 47.00 54.50 $208,707
31-May-12 25-Feb-2035 3,364,000 Cmsi 2005-1 82 2/25/2014 5.418% (11,719,986) 51,678,898 $201,537 8-Nov-12 83.00 87.50 1160,449
13-Aug-12 25-Jun-2033 3,412,000 Malt 2003-483 CCC 11/25/2010 5.838% (11,033,074) 11,153,365 1115,797 8-Nov-12 61.00 72.00 $235,688
2-Apr-12 20-Apr-2033 8,000,000 Semt 2003-I BI B- 7/20/2013 1.512% (11,076,153) 11.204,376 158.183 13-Aug-12 60.00 69.00 $186,405
Mortgage and Asset Backed P/L 51.321.511
Listed Preferreds
Dividends Entry Price Closing Price
Coupon Principal Cost (5) Market Value (5) Closing Date
Received (5) (Local) (Local)
24-Jan-12 2/15/2042 20,000 Aegon Nv 8B8 125.00 8.00% (5500,000) $499,000 SO 7-Feb-12 25.00 2425 (11,000)
8-Mar-12 Perpetua 37,000 Alexandria Real Estate E 88 525.00 6.45% ($925,000) $902,060 SO 29-Mar-12 25.00 2438 ($22,940)
29-Mar-12 Perpetua 28,000 American Capital Agency N/A 525.00 8.00% ($700,000) $701,288 SO 16-Apr-12 25.00 25.05 11,288
7-Jun-12 6/12/2042 10,000 American Financial Group 888+ 525.00 638% ($250,000) $250,880 SO 19-Jun-12 25.00 25.09 $880
6-Sep-12 Perpetua 27,000 Annaly Capital Mgmt N/A 525.00 7.50% ($675,000) $671,733 SO 18-Sep-12 25.00 2428 (13,267)
6-Sep-12 Perpetua 25,000 Annaly Capital Mgmt N/A 525.00 7.50% (1625,000) 1621,225 SO 14-Sep-12 25.00 2425 (13,775)
9-May-12 Perpetua 11,291 Annaly Capital Mgmt N/A 525.00 7.63% (1282,275) $279,170 $2,690 14-Jun-12 25.00 2473 (1415)
9-May-12 Perpetua 46,712 Annaly Capital Mgmt N/A 525.00 7.63% (11,167,800) $1,153,880 S11.131 13-Jun-12 25.00 2470 (12,790)
9-May-12 Perpetua 34,997 Annaly Capital Mgmt N/A 525.00 7.63% (1874,925) $863,376 $8,339 12-Jun-12 25.00 2427 (13,210)
9-May-12 Perpetua 35,890 Annaly Capital Mgmt N/A 525.00 7.63% ($897,250) $886,591 $8,552 11-Jun-12 25.00 2470 (12,107)
9-May-12 Perpetua 41,110 Annaly Capital Mgmt N/A 525.00 7.63% (11,027,750) 11,016,609 59,796 7-Jun-12 25.00 2473 (11,345)
13-Sep-12 Perpetua 15,000 Apollo Residential Mtge N/A 525.00 8.00% ($375,000) $375,570 SO 25-Sep
-12 25.00 25.04 $570
13-Sep-12 Perpetua 10,000 Apollo Residential Mtge N/A 525.00 8.00% ($250,000) $250,390 SO 25-Sep
-12 25.00 25.04 $390
12-Sep-12 Perpetua 51,000 Sank Of New York Mellon 8B8 525.00 5.20% (11,275,000) 11,260,873 SO 25-Sep-12 25.00 2472 ($14,127)
13-Jan-I1 Perpetua 39,250 Barclays Bank Plc 8B8 525.00 8.13% (11.002,563) 11,013,749 1139,521 19-Oct-I2 25.54 2523 $150,708
13-Aug-12 Perpetua 40,000 Capital One Financial Co 8B+ 525.00 6.00% (11,000,000) $995,720 SO 14-Sep-12 25.00 2489 (14280)
28-Sep-12 Perpetua 15,000 Cbl & Associates Prop N/A 525.00 6.63% ($375,000) $376,635 SO 8-Oct-12 25.00 25.11 11,635
10-Jul-12 Perpetua 36,833 Chesapeake Lodging Trust N/A 525.00 7.75% ($920,825) $925,171 SO 27-Jul-12 25.00 25.12 14,346
10-Jul-12 Perpetua 6.100 Chesapeake Lodging Trust N/A 525.00 7.75% ($153,500) $154,765 SO 26-Jul-12 25.00 2421 11,265
10-Jul-12 Perpetua 12,027 Chesapeake Lodging Trust N/A 525.00 7.75% ($300,675) $300,699 SO 24-Jul-12 25.00 25.0D 124
30-Sep-10 10/30/2040 30,000 Citigroup Capital Jill 88 525.00 7.88% ($750,000) $852,300 $107,461 19-Oct-I2 25.00 28.41 1209,761
5-Nov-12 Perpetua 20,000 Oty National Corp N/A 525.00 5.50% (1500,000) $487,300 SO 12-Dec-12 25.00 2437 ($12,700)
1-Oct-I2 Perpetua 10,000 Cobank Acb A- $100.00 615% (11,000,000) $1,039,600 SO 25-Oct-12 100.00 103.96 139,600
18-Jul-12 Perpetua 40,000 Ddr Corp 8+ 525.00 6.50% (11,000,000) $988,360 SO 6-Aug-12 25.00 2471 ($11,640)
9-Oct-I2 Perpetua 25,000 Discover Financial Svs 88 525.00 6.50% (1625,000) 1630,100 SO 2604-12 25.00 2510 15,100
6-Dec-12 12/1/2052 25,000 Energy Arkansas Inc A- 525.00 4.90% (1625,000) 1621,600 SO 20-Dec-12 25.00 2486 (13,400)
26-Jun-12 7/1/2052 25,000 Entergy Louisiana tic A- 525.00 515% (1625,000) $649,025 SO 16-Jul-12 25.00 2526 124,025
17-Jan-12 Perpetual 30,500 First Republic Bank/5f 8B8 525.00 6.70% ($762,500) $763,171 SO 31-Jan-12 25.00 25.02 $671
2-Oct-12 10/15/2052 4179 General Elec Cap Corp AA+ 525.00 4.88% (1204,475) 1203,657 SO 2604-12 25.00 2490 (1818)
2-Oct-12 10/15/2052 21,821 General Elec Cap Corp AA+ 525.00 4.88% ($545,525) $543,561 SO 250ct-12 25.00 2491 (11,964)
2-Apr-12 4/15/2042 37,000 Hartford Finl Svcs Grp 8B+ 525.00 7.88% ($925,000) $975,838 SO 2-May-12 25.00 2637 $50,838
20-Aug-12 Perpetual 40,000 Jprnorgan Chase & Co 8B8 525.00 5.50% (11,000,000) $996,800 SO 7-Sep-12 25.00 2492 (13.200)
20-Aug-12 Perpetual 45,000 Jpmorgan Chase & Co 8B8 525.00 5.50% (11,125,000) $1,121,850 SO 6-Sep-12 25.00 2493 (13,150)
9-Mar-12 Perpetual 50,000 Kimco Realty Corp B88- 525.00 6.00% (11,250,000) 11,228,100 SO 29-Mar-12 25.00 24.56 ($21,900)
16-Jul-12 Perpetual 6574 Kimco Realty Corp B88- 525.00 5.50% (1164,350) $161,083 SO 7-Aug-12 25.00 24.50 (33.267)
16-Jul-12 Perpetual 4426 Kimco Realty Corp B88- 525.00 5.50% (1160,650) $157,829 SO 6-Aug-12 25.00 24.56 (12.821)
3-Apr-12 4/15/2042 9,905 Mfa Financial Inc N/A 525.00 8.00% (1247,625) $246,139 SO 27-Apr-12 25.00 24.85 (11,486)
3-Apr-12 4/15/2042 11,095 Mfa Financial Inc N/A 525.00 8.00% (1277,375) $274899 SO 26-Apr-12 25.00 2427 (11,476)
20-Mar-12 3/1/2072 18,600 Nextera Energy Capital 8B8 525.00 5.70% (1465,000) $473,240 SO 16-Apr-12 25.00 2544 18.240
14-Sep-12 Perpetual 40,000 Pnc Financial Services 8B8 525.00 5.38% (11,000,000) 2996,480 SO 4-Oct-12 25.00 2491 (13.520)
19-Apr-12 Perpetual 27,000 Pnc Financial Services 8B8 525.00 6.13% (1675,000) 1678,159 SO 9-May-12 25.00 25.12 $3,159
29-Feb-12 3/15/2042 170,000 Raymond James Financial 8B8 525.00 6.90% (14,250,000) 14,301,000 SO 1-Mar-12 25.00 2530 151,000
31-Jan-12 Perpetual 20,000 Realty Income Corp BBB- 525.00 6.63% (1500,000) 1499,600 SO 8-Feb-12 25.00 2498 (1400)
EFTA01121641
Global Investment Opportunities Group J.P. Morgan Securities LLC.
GI0 Account Position and MTM Summary (2012 Closed Positions)
Global Invroitoximi O,,..manilla. Prepared for Southern Financial LLC as of June 28, 2013
14-Aug-12 Perpetual 25,000 Regency Centers Corp 8B+ $25.00 6.00% (5625.000) 5624,000 Z&Aug.12 25.00 24.96 (SLOW
888888/6'
25.00-12 Perpetual 25,000 Regions Financial Corp 88 $25.00 6.38% ($625.000) $617,475 11-Dec-12 25.00 24.70 (57.525)
7-Aug-12 Perpetual 30,000 SI Green Realty Corp 8+ $25.00 6.50% (3250000) 5743,010 16-Aug-12 25.00 24.77 (56.990)
8-May-12 5/15/2015 4,000 Thompson Creek Metals Co WA $25.00 6.50% ($100000) 584524 29-May-12 25.60 21.13 (515.476)
11-Jul-12 Perpetual 10,000 Vornado Realty Trust BBB- $25.00 5.70% (5250.000) 5247,250 24-Jul-12 25.00 24.73 (52.750)
9-Aug-12 Perpetual 10,000 Wells Fargo 8 Company BBB+ $25.00 5.20% ($250000) 5249,790 13-Aug-12 25.00 24.98 ($210)
6-Aug-12 Perpetual 31,700 Kilroy Realty Corp WA $0.01 6.38% ($292.500) 5777,030 28-Aug-12 25.00 24.51 (515.470)
6-Aug-12 Perpetual 300 Kilroy Realty Corp WA $0.01 6.38% ($7.500) 57.295 17-Aug-12 25.00 24.32 ($205)
Listed Preferreds PA. S372077
Forward Contracts
Trade Date Value Date Bought Notional Sold Notional Fix Date Contract Spot Contract Forward Closing Date Closing Rate Pik
12-Dec-11 6-Feb-12 SW 3.249,250 USD 2,500,000 6-Feb-12 1.3005 L2997 25-Jan-12 127 559,472
2-Nov-11 6-Feb-12 SW 3.183,000 USD 2.500,000 6-Feb-12 1.2734 1.2732 2-Feb-12 1.25 553,755
2-Feb-12 6-Mar-12 SW 3.115,000 USD 2.500,000 6-Mar-12 1.2464 1.246 9-Feb-12 1.25 (57.202)
21-Jul-10 25-Jul-13 Ojubs Corm-F3 2500000 16-Jul-18 28-Jun-12 12054 51,956,738
19-Jun-12 23-Jul-12 MXN 12,900.000 USD 939,904 23-Jul-12 13.6898 13.7248 19-Jul-12 13.24 534,659
19-Jul-12 23-Aug-12 MXN 12,900.000 USD 972,213 23-Aug-12 13.2367 13.2687 17-Aug-12 13.18 $6,424
17-Aug-12 21-Sep-12 MXN 12,900.000 USD 976.356 21-Sep-12 13.1816 13.2124 20-Sep-12 12.93 $21.405
20-Sep-12 24-Oct-12 MXN 12,900,000 USD 994.768 24-Oct-12 12.92895 1206785 23-Oct-12 12.94 51,972
31-Aug-12 5-Nov-12 CHF 11,990,000 EUR 10,000,000 5-Nov-12 L201 1.199 2-Nov-12 121 ($84,812)
23.00-12 26-Nov-12 MXN 12,900,000 USD 994.089 26-Nov-12 12.9422 12.9767 21-Nov-12 13.04 ($4.669)
21-Nov-12 19-Dec-12 MXN 12,900,000 USD 987,477 19-Dec-12 13.0382 13.063594 18-Dec-12 12.73 $25.666
Forward Contracts P/t 52,063,407
FR otis
Currency 2 Original Clos ng Premium
Trade Date Expiration Direction Currency Type Strike Currency 2 Type Closing Date Premium (5) P/L
Notional (5)
25-Jan-12 24-Jan-13 Bought BRL Put 195,000,000 42.50 JPY Call 21-Feb-12 5125,734 SO 5125,734
20-Apr-12 22-May-12 Bought JPY Put 5.000.000 83.00 USD Call (526,500) SO (526.500)
20-Apr-12 22-May-12 Sold JPY Call 5.000.000 81.00 USD Put $26,500 SO 526,500
16-Mar-12 19-Jun-12 Bought MXN Call 1,000,000 12.57 USD Put 19-Jun-12 (517,200) SO (517.200)
16-Mar-12 19-Jun-12 Sold MXN Put 1000,000 12.90 USD Call 19-Jun-12 517,200 (558.394) (541,194)
1-Aug-11 13-Aug-12 Bought 'Pt Put 100.000.030 83.25 CAD Call 8-Aug-12 (5413.6131 SO ($413.613)
1-Aug -11 13 Aug-12 Sold Call 100 C60.000 76.00 CAD Put 8.Aug-12 54113,613 SO 5413.613
Commodity Options
Original Closing Premium
Trade Date Expiration Direction Comma, Typo Notional (or) Strike Currency Notional Type Closing Date PR_
Premium (5) (5)
27-Jun-12 12-Nov-12 Sold USD Put 125,000 96.5 12,062,500 Call 12-Nov-12 $1,087,500 $0 51,087,500.00
27-Jun-12 12-Nov-12 Bought UM Call 125,000 126.5 15,812,500 Put 12-Nov-12 (575,000) $0 (575,000.00)
10-Jul-12 12-Nov-12 Sold USD Put 100,000 so 80130,000 Call 12-Nov-12 5184,000 $0 5184,000.00
10-Jul-12 12-Nov-12 Bought USD Call 100,000 119.5 11,950,000 Put 12-Nov-12 ($184,000) $0 ($184.000.00
1-May-12 13-Aug-12 Sold USD Put 250,000 100 25,000,000 Call 12-Nov-12 $136,250 (51,012,500) (5876,25000)
1-May-12 13-Aug-12 Sold USD Put 250,000 100 25,000,000 Call 12-Nov-12 $136,250 $0 5136,25000
1-May-12 13-Aug-12 Bought USD Call 250,000 140 35,000,000 Put 12-Nov-12 ($200,000) $0 (5200,00000)
10-Jul-12 11-Dec-12 Sold USD Put 100,000 79.5 7,950,000 Call 12-Nov-12 $233,000 $0 5233,000.00
10-Jul-12 11-Dec-12 Bought USD Call 100,000 119 11,900,000 Put 12-Nov-12 ($233,000) $0 (5233,00000)
Commodity Options P/L 522.500
EFTA01121642
Global Investment Opportunities Group J.P. Morgan Securities LLC.
Account Position and MTM Summary (2012 Closed Positions)
Caol.al tannic...al Onnonnnlrtnw Prepared for Southern Financial LLC as of June 28, 2013
Total 2012 PA. $9,106,570
(O 2013.IPMorgan Chase & Co.
EFTA01121643
Global Investment Opportunities Group S.P. Morgan Securities LLC.
GIO
Global lavessmies OoDenualulos
Account Position and P/L Summary (Disclaimer)
Prepared for Southern Financial LLC as of lune 28, 2013
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EFTA01121644