GRAT 1, 2, 3 ANNUITIES DETAIL OF CURRENT ANNUITY APR 30 2014
APO DRAT II 1 10/25/2013 10/25/2013 10/25/2013 4/30/2014 4/30/2014 4/30/2014
Date olGRAT INN SNP LP %BM", APO Price (Mid) FMV BFP LP FMV BFP LP APO Price (Mid)
10/25/2013 100% 37.75000% $ 34.1350 100% 32.55530% 27.2050
GAV - REP 3,860,000,000 1,457,200,000 3.173,000,000 1,032,980.000
Discounts 34.119% (1.317,000.000) (497,200.000) (1.155.563,000) 076.202000/
Discounted Value 2,543,000,000 960,000.000 2,017,437,000 656,780.000
Annuity Payments - Year 1 % of initial FMV 46.717020% 448,579,392 224,289,696
Annuity Payments Year 2 % of Initial FMV 56.066420% 538,237,632 538,237,632
986,817,024 762,527.328 A
Excess of GRAT Annuity to Discounted BFP LP Interest # Inception 26,817,024 26,817,024
Amortization of Discount - Quarterly Year 1 (3,047,567) Amortization LTD (6,095,134) B
20,721.890
GRAT Annuity Discounted 741805,438 A-B
Excess of GRAT Annuity over Discounted Value (105,747,328)
APO GRAY a 2 12/4/2013 12/4/2013 APO Price (Mid) 4/30/2014 4/30/2014 4/30/2014
Date of GRAT FMV BFP LP %WPM $ 29.7200 FMV BFP LP FMV BFP LP APO Price (PA Id)
12/4/2013 100% 34.53000% 100% 31.82870% 27.2050
GAY BFP 3,448,000,000 1,190,600,000 3,173,000,000 1,009,920.000
Discounts 33.648% (1,160.200.000) J400,600,000) (1,155,563,000) (367,200,0001
Discounted Value 2,287,800.000 790,000,000 2,017,437,000 642,120,000
Annuity ParTleritS - Year 1 % of Initial FMV 46.515870% 367,475,373 275,606.530
Annuity Payments - Year 2 % of Initial FMV 55.816880% 440,953,352 440,953,352
808,428,725 716,559,882 A
Excess of GRAT Annuity to Discounted EIFP LP Interest @ Inception 18,428,725 18,428.725
Amortization of Discount Quarterly Year 1 (2,094,218) Amortization LTD (2.094,218)
16,334,507
GRAT Annuity Discounted 700,225,374 AB
Excess of GRAT Annuity over Discounted Value (74,439,882)
APO GRAT a 3 3/4/1014 3/4/2014 APO Price (Mid) 4/30/2014 4/30/2014 4/30/2014
Date of GRAT FMV BFP LP %DEP LP 32.775 FMV BFP LP FMV BFP LP APO Price (Mid)
3/4/2014 100% 5.35960% 100% 5.35960% 27.2050
GAV BFP 3,871,107.000 207,475,850 3.173.000,000 170.060,000
Discounts 36.142% (1,399,108,000) (74,986490) 0.155,563,000 (61,930,000)
Discounted Value 2,471,999,000 132,489,260 2,017,437,000 108.130.000
Annuity Payments -Year 1 % of Initial FMV 46.623420% 61,771,024 61,771,024
Annuity Payments Year 2 % of Initial FMV 55.943100% 74,118399 74,118,599
135,889,613 135,889.623 A
Excess of GRAT Annuity to Discounted BFP LP Interest ST inception 3,400,363 3,400,363
Amortization of Discount Quarterly Year 1 (386,424) Amortization LTD
3,400,363
GRAT Annuity Discounted 132,489,260 A-B
Excess of GRAT Annuity over Discounted Value (27,759,623)
Total - GRAT Annuity Discounted 1,574,520,072
EFTA_R1_00358677
EFTA01918024