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Feed: "Bookshelf Fantasies"
By: Lisa @ Bookshelf Fantasies on Friday, September 19, 2025
Book Review: Silver and Lead (October Daye, #19) by Seanan McGuire
Title: Silver and LeadSeries: October Daye, #19Author: Seanan McGuirePublisher: Tor BooksPublication date: September 30, 2025Print length: 400 pagesGenre: Urban fantasySource: Review copy courtesy …
bookshelffantasies.com
September 20, 2025 at 1:05 AM
epsteinweb.bsky.social
Parts 1-3/3 — EFTA01558082.jpg
#epsteinweb #efta01558082
https://epsteinweb.org
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EFTA01558070 | EFTA01558082 04 JPMorgan Chase Bank, N.A. 2005 Account Number: I FINANCIAL TRUST COMPANY, INC. 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio April 01, 2005 - April 30, 2005 Page 12 of 15 IMPORTANT INFORMATION ABOUT PRIVATE INVESTMENTS: FOOTNOTES 1 - 3 continued Hedge fund redemptions are generallyon a monthly, quarterlyor annual basis but can sometimes be subj ect to a multi-yearlockup before a redemption is permitted. For redemptions, there is generallya not ification period that can be a long interval before the actual redemption date. Redemption proceeds are generallypaid 3-5 business days afterthe final NAVis issued , but can be subject to a holdback of a portion of the proceeds until an annual audit of the Fund ha s been completed. Please referto the applicablehedge fund's operativedocumentation for furtherdetails. Forhedge funds, one of two methods will be used on this statement to report how incentive fees that may be owed to the GeneralPartneror Managerare paid. The first method is called "Series of Shares an d Consolidation Method" and will allocate a new series of the hedge fund at a parvalue (e.g. 1, 100 or 1000) for everysubscription period during the yearand a dif ferentNAVwill be trackedfor each series. At the end of the applicableincentive fee period (generally the end of the year),any series for which an incentive fee is payable (i.e., the fund has a net profit or is overthe applicable"high water mark"and known as the "Consolid ating Series")will be incorporatedwith and consolidated as part of the earliestseries issued by the fund in which an investorhas subscribed for which an incentive fee is payable(the "Lead Series"). Investorsholding shares in a Consolidating Series will have theirshares redeemedfrom each ofthe Consolidating Seriesand simultaneouslybe issued additionalshares ofthe LeadS eries(basedon the NAVofthe LeadSerieson the conversion date). Any series for which an incentive fee is not payable(i.e. the fund has a net loss or is not o verthe applicable"high water mark") will remain as a separateseries until the following incentive fe e period ends (generallyat year-end),when it will again be evaluated and consolidatedas part of the LeadSeries if the previouslydescribedcriteria is met. The second method is calledthe "EqualizationMethod". "Equalization"is an accounting methodologyused to ensure that each investorin a hedge fund is paying his/her equitableallocation of incentive fees. Unlike the Seriesof Shares method, shares held by all investors are valued at the same NAV. The "EqualizationAmount" reflects an amount deducted from the subscripti on amount in order to "equalize"the incentive fees among investors investing to the Fund in the curr ent year. The "EqualizationFactor" used to determine the EqualizationAmount may varyamong investors and depends on both the date at which an investorsubscrib es to the fund and the fund's current levelofperformance. An investorwho subscribes to a fund follow ing the initial closing date will havean Equalization Amount effectivelysegregatedfrom the subscription amount utilized to purchase shares. The EqualizationAmoun t can change overtime, depending on anynew investors entering the fund as the amount is again "equal ized"to ensure each investorhas an equitable allocation of incentive fees. Note that a change in equalizationovertime can result in a negativeEqualizationAmoun t. A negativeequalizationamount implies a potential reduction in investorshares to payincentive fees to the Manager. There are two EqualizationMethods commonly used today: "Redemption Method" or "DepreciationMethod". Underboth methods, if the fund is up in value from its inception date and from the date in which an investorhas invested at the end of the applicable period (generallyyear-end)the EqualizationAmount is used by the Fund to issue additional shares to the inve stor. If the investor had invested in the fund when the fund is down in value from its inception dat e and the fund subsequently goes up in value (at or beyond the applicablehigh water mark), under the Redemption Method an investor's shares will be redeemedto pay incentive fees owed to the manager. Underthe DepreciationMethod, an amount is deducted from the subs cription amount and credited as a depreciation deposit which is then used to payincentivefees owed to the GeneralPartneror Manageron an ongoing basis. Fora dditionalinformation, referto the hedge fund's operatingdocuments. EFTA01558082
March 1, 2026 at 9:36 AM
epsteinweb.bsky.social
Parts 1-3/3 — EFTA01558066.jpg
#epsteinweb #efta01558066
https://epsteinweb.org
Available in the iOS app store now!
https://apps.apple.com/us/app/epstein-web/id6758880661
EFTA01558051 | EFTA01558066 03 JPMorgan Chase Bank, N.A. 2005 Account Number: I FINANCIAL TRUST COMPANY, INC. 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio March 01, 2005 - March 31, 2005 Page 14 of 17 IMPORTANT INFORMATION ABOUT PRIVATE INVESTMENTS: FOOTNOTES 1 - 3 continued Hedge fund redemptions are generallyon a monthly, quarterlyor annual basis but can sometimes be subj ect to a multi-yearlockup before a redemption is permitted. For redemptions, there is generallya not ification period that can be a long interval before the actual redemption date. Redemption proceeds are generallypaid 3-5 business days afterthe final NAVis issued , but can be subject to a holdback of a portion of the proceeds until an annual audit of the Fund ha s been completed. Please referto the applicablehedge fund's operativedocumentation for furtherdetails. Forhedge funds, one of two methods will be used on this statement to report how incentive fees that may be owed to the GeneralPartneror Managerare paid. The first method is called "Series of Shares an d Consolidation Method" and will allocate a new series of the hedge fund at a parvalue (e.g. 1, 100 or 1000) for everysubscription period during the yearand a dif ferentNAVwill be trackedfor each series. At the end of the applicableincentive fee period (generally the end of the year),any series for which an incentive fee is payable (i.e., the fund has a net profit or is overthe applicable"high water mark"and known as the "Consolid sting Series")will be incorporatedwith and consolidated as part of the earliestseries issued by the fund in which an investorhas subscribed for which an incentive fee is payable(the "Lead Series"). Investorsholding shares in a Consolidating Series will have theirshares redeemedfrom each ofthe Consolidating Seriesand simultaneouslybe issued additionalshares ofthe LeadS eries(basedon the NAVofthe LeadSerieson the conversion date). Any series for which an incentive fee is not payable(i.e. the fund has a net loss or is not o verthe applicable"high water mark") will remain as a separateseries until the following incentive fe e period ends (generallyat year-end),when it will again be evaluated and consolidatedas part of the LeadSeries if the previouslydescribedcriteria is met. The second method is calledthe "EqualizationMethod". "Equalization"is an accounting methodologyused to ensure that each investorin a hedge fund is paying his/her equitableallocation of incentive fees. Unlike the Seriesof Shares method, shares held by all investors are valued at the same NAV. The "EqualizationAmount" reflects an amount deducted from the subscripti on amount in order to "equalize"the incentive fees among investors investing to the Fund in the curr ent year. The "EqualizationFactor" used to determine the EqualizationAmount may varyamong investors and depends on both the date at which an investorsubscrib es to the fund and the fund's current levelofperformance. An investorwho subscribes to a fund follow ing the initial closing date will havean Equalization Amount effectivelysegregatedfrom the subscription amount utilized to purchase shares. The EqualizationAmoun t can change overtime, depending on anynew investors entering the fund as the amount is again "equal ized"to ensure each investorhas an equitable allocation of incentive fees. Note that a change in equalizationovertime can result in a negativeEqualizationAmoun t. A negativeequalizationamount implies a potential reduction in investorshares to payincentive fees to the Manager. There are two EqualizationMethods commonly used today: "Redemption Method" or "DepreciationMethod". Underboth methods, if the fund is up in value from its inception date and from the date in which an investorhas invested at the end of the applicable period (generallyyear-end)the EqualizationAmount is used by the Fund to issue additional shares to the inve stor. If the investor had invested in the fund when the fund is down in value from its inception dat e and the fund subsequently goes up in value (at or beyond the applicablehigh water mark), under the Redemption Method an investor's shares will be redeemedto pay incentive fees owed to the manager. Underthe DepreciationMethod, an amount is deducted from the subs cription amount and credited as a depreciation deposit which is then used to payincentivefees owed to the GeneralPartneror Manageron an ongoing basis. Fora dditionalinformation, referto the hedge fund's operatingdocuments. EFTA01558066 Epstein Web iOS app on the App Store.
March 1, 2026 at 9:36 AM
epsteinweb.bsky.social
Parts 1-3/3 — EFTA01558047.jpg
#epsteinweb #efta01558047
https://epsteinweb.org
Available in the iOS app store now!
https://apps.apple.com/us/app/epstein-web/id6758880661
EFTA01558037 | EFTA01558047 02 JPMorgan Chase Bank, N.A. 2005 Account Number: I FINANCIAL TRUST COMPANY, INC. 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio February 01, 2005 - February 28, 2005 Page 11 of 14 IMPORTANT INFORMATION ABOUT PRIVATE INVESTMENTS: FOOTNOTES 1 - 3 continued Hedge fund redemptions are generallyon a monthly, quarterlyor annual basis but can sometimes be subj ect to a multi-yearlockup before a redemption is permitted. For redemptions, there is generallya not ification period that can be a long interval before the actual redemption date. Redemption proceeds are generallypaid 3-5 business days afterthe final NAVis issued , but can be subject to a holdback of a portion of the proceeds until an annual audit of the Fund ha s been completed. Please referto the applicablehedge fund's operativedocumentation for furtherdetails. Forhedge funds, one of two methods will be used on this statement to report how incentive fees that may be owed to the GeneralPartneror Managerare paid. The first method is called "Series of Shares an d Consolidation Method" and will allocate a new series of the hedge fund at a parvalue (e.g. 1, 100 or 1000) for everysubscription period during the yearand a dif ferentNAVwill be trackedfor each series. At the end of the applicableincentive fee period (generally the end of the year),any series for which an incentive fee is payable (i.e., the fund has a net profit or is overthe applicable"high water mark"and known as the "Consolid sting Series")will be incorporatedwith and consolidated as part of the earliestseries issued by the fund in which an investorhas subscribed for which an incentive fee is payable(the "Lead Series"). Investorsholding shares in a Consolidating Series will have theirshares redeemedfrom each ofthe Consolidating Seriesand simultaneouslybe issued additionalshares ofthe LeadS eries(basedon the NAVofthe LeadSerieson the conversion date). Any series for which an incentive fee is not payable(i.e. the fund has a net loss or is not o verthe applicable"high water mark") will remain as a separateseries until the following incentive fe e period ends (generallyat year-end),when it will again be evaluated and consolidatedas part of the LeadSeries if the previouslydescribedcriteria is met. The second method is calledthe "EqualizationMethod". "Equalization"is an accounting methodologyused to ensure that each investorin a hedge fund is paying his/her equitableallocation of incentive fees. Unlike the Seriesof Shares method, shares held by all investors are valued at the same NAV. The "EqualizationAmount" reflects an amount deducted from the subscripti on amount in order to "equalize"the incentive fees among investors investing to the Fund in the curr ent year. The "EqualizationFactor" used to determine the EqualizationAmount may varyamong investors and depends on both the date at which an investorsubscrib es to the fund and the fund's current levelofperformance. An investorwho subscribes to a fund follow ing the initial closing date will havean Equalization Amount effectivelysegregatedfrom the subscription amount utilized to purchase shares. The EqualizationAmoun t can change overtime, depending on anynew investors entering the fund as the amount is again "equal ized"to ensure each investorhas an equitable allocation of incentive fees. Note that a change in equalizationovertime can result in a negativeEqualizationAmoun t. A negativeequalizationamount implies a potential reduction in investorshares to payincentive fees to the Manager. There are two EqualizationMethods commonly used today: "Redemption Method" or "DepreciationMethod". Underboth methods, if the fund is up in value from its inception date and from the date in which an investorhas invested at the end of the applicable period (generallyyear-end)the EqualizationAmount is used by the Fund to issue additional shares to the inve stor. If the investor had invested in the fund when the fund is down in value from its inception dat e and the fund subsequently goes up in value (at or beyond the applicablehigh water mark), under the Redemption Method an investor's shares will be redeemedto pay incentive fees owed to the manager. Underthe DepreciationMethod, an amount is deducted from the subs cription amount and credited as a depreciation deposit which is then used to payincentivefees owed to the GeneralPartneror Manageron an ongoing basis. Fora dditionalinformation, referto the hedge fund's operatingdocuments. EFTA01558047
March 1, 2026 at 9:35 AM
epsteinweb.bsky.social
Parts 1-3/3 — EFTA01558019.jpg
#epsteinweb #efta01558019
https://epsteinweb.org
Available in the iOS app store now!
https://apps.apple.com/us/app/epstein-web/id6758880661
EFTA01558005 | EFTA01558019 12 JPMorgan Chase Bank, N.A. 2004 Account Number: Q 78805-00-1 FINANCIAL TRUST COMPANY, INC. 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio December 01, 2004 - December 31, 2004 Page 14 of 17 IMPORTANT INFORMATION ABOUT PRIVATE INVESTMENTS: FOOTNOTES 1 - 3 continued Hedge fund redemptions are generallyon a monthly, quarterlyor annual basis but can sometimes be subj ect to a multi-yearlockup before a redemption is permitted. For redemptions, there is generallya not ification period that can be a long interval before the actual redemption date. Redemption proceeds are generallypaid 3-5 business days afterthe final NAVis issued , but can be subject to a holdback of a portion of the proceeds until an annual audit of the Fund ha s been completed. Please referto the applicablehedge fund's operativedocumentation for furtherdetails. Forhedge funds, one of two methods will be used on this statement to report how incentive fees that may be owed to the GeneralPartneror Managerare paid. The first method is called "Series of Shares an d Consolidation Method" and will allocate a new series of the hedge fund at a parvalue (e.g. 1, 100 or 1000) for everysubscription period during the yearand a dif ferentNAVwill be trackedfor each series. At the end of the applicableincentive fee period (generally the end of the year),any series for which an incentive fee is payable (i.e., the fund has a net profit or is overthe applicable"high water mark"and known as the "Consolid sting Series")will be incorporatedwith and consolidated as part of the earliestseries issued by the fund in which an investorhas subscribed for which an incentive fee is payable(the "Lead Series"). Investorsholding shares in a Consolidating Series will have theirshares redeemedfrom each ofthe Consolidating Seriesand simultaneouslybe issued additionalshares ofthe LeadS eries(basedon the NAVofthe LeadSerieson the conversion date). Any series for which an incentive fee is not payable(i.e. the fund has a net loss or is not o verthe applicable"high water mark") will remain as a separateseries until the following incentive fe e period ends (generallyat year-end),when it will again be evaluated and consolidatedas part of the LeadSeries if the previouslydescribedcriteria is met. The second method is calledthe "EqualizationMethod". "Equalization"is an accounting methodologyused to ensure that each investorin a hedge fund is paying his/her equitableallocation of incentive fees. Unlike the Seriesof Shares method, shares held by all investors are valued at the same NAV. The "EqualizationAmount" reflects an amount deducted from the subscripti on amount in order to "equalize"the incentive fees among investors investing to the Fund in the curr ent year. The "EqualizationFactor" used to determine the EqualizationAmount may varyamong investors and depends on both the date at which an investorsubscrib es to the fund and the fund's current levelofperformance. An investorwho subscribes to a fund follow ing the initial closing date will havean Equalization Amount effectivelysegregatedfrom the subscription amount utilized to purchase shares. The EqualizationAmoun t can change overtime, depending on anynew investors entering the fund as the amount is again "equal ized"to ensure each investorhas an equitable allocation of incentive fees. Note that a change in equalizationovertime can result in a negativeEqualizationAmoun t. A negativeequalizationamount implies a potential reduction in investorshares to payincentive fees to the Manager. There are two EqualizationMethods commonly used today: "Redemption Method" or "DepreciationMethod". Underboth methods, if the fund is up in value from its inception date and from the date in which an investorhas invested at the end of the applicable period (generallyyear-end)the EqualizationAmount is used by the Fund to issue additional shares to the inve stor. If the investor had invested in the fund when the fund is down in value from its inception dat e and the fund subsequently goes up in value (at or beyond the applicablehigh water mark), under the Redemption Method an investor's shares will be redeemedto pay incentive fees owed to the manager. Underthe DepreciationMethod, an amount is deducted from the subs cription amount and credited as a depreciation deposit which is then used to payincentivefees owed to the GeneralPartneror Manageron an ongoing basis. Fora dditionalinformation, referto the hedge fund's operatingdocuments. EFTA01558019 Epstein Web iOS app on the App Store.
March 1, 2026 at 9:33 AM
epsteinweb.bsky.social
Parts 1-3/3 — EFTA01558001.jpg
#epsteinweb #efta01558001
https://epsteinweb.org
Available in the iOS app store now!
https://apps.apple.com/us/app/epstein-web/id6758880661
EFTA01557991 | EFTA01558001 11 JPMorgan Chase Bank, N.A. 2004 Account Number: I FINANCIAL TRUST COMPANY, INC. 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio November 01, 2004 - November 30, 2004 Page 11 of 14 IMPORTANT INFORMATION ABOUT PRIVATE INVESTMENTS: FOOTNOTES 1 - 3 continued Hedge fund redemptions are generallyon a monthly, quarterlyor annual basis but can sometimes be subj ect to a multi-yearlockup before a redemption is permitted. For redemptions, there is generallya not ification period that can be a long interval before the actual redemption date. Redemption proceeds are generallypaid 3-5 business days afterthe final NAVis issued , but can be subject to a holdback of a portion of the proceeds until an annual audit of the Fund ha s been completed. Please referto the applicablehedge fund's operativedocumentation for furtherdetails. Forhedge funds, one of two methods will be used on this statement to report how incentive fees that may be owed to the GeneralPartneror Managerare paid. The first method is called "Series of Shares an d Consolidation Method" and will allocate a new series of the hedge fund at a parvalue (e.g. 1, 100 or 1000) for everysubscription period during the yearand a dif ferentNAVwill be trackedfor each series. At the end of the applicableincentive fee period (generally the end of the year),any series for which an incentive fee is payable (i.e., the fund has a net profit or is overthe applicable"high water mark"and known as the "Consolid sting Series")will be incorporatedwith and consolidated as part of the earliestseries issued by the fund in which an investorhas subscribed for which an incentive fee is payable(the "Lead Series"). Investorsholding shares in a Consolidating Series will have theirshares redeemedfrom each ofthe Consolidating Seriesand simultaneouslybe issued additionalshares ofthe LeadS eries(basedon the NAVofthe LeadSerieson the conversion date). Any series for which an incentive fee is not payable(i.e. the fund has a net loss or is not o verthe applicable"high water mark") will remain as a separateseries until the following incentive fe e period ends (generallyat year-end),when it will again be evaluated and consolidatedas part of the LeadSeries if the previouslydescribedcriteria is met. The second method is calledthe "EqualizationMethod". "Equalization"is an accounting methodologyused to ensure that each investorin a hedge fund is paying his/her equitableallocation of incentive fees. Unlike the Seriesof Shares method, shares held by all investors are valued at the same NAV. The "EqualizationAmount" reflects an amount deducted from the subscripti on amount in order to "equalize"the incentive fees among investors investing to the Fund in the curr ent year. The "EqualizationFactor" used to determine the EqualizationAmount may varyamong investors and depends on both the date at which an investorsubscrib es to the fund and the fund's current levelofperformance. An investorwho subscribes to a fund follow ing the initial closing date will havean Equalization Amount effectivelysegregatedfrom the subscription amount utilized to purchase shares. The EqualizationAmoun t can change overtime, depending on anynew investors entering the fund as the amount is again "equal ized"to ensure each investorhas an equitable allocation of incentive fees. Note that a change in equalizationovertime can result in a negativeEqualizationAmoun t. A negativeequalizationamount implies a potential reduction in investorshares to payincentive fees to the Manager. There are two EqualizationMethods commonly used today: "Redemption Method" or "DepreciationMethod". Underboth methods, if the fund is up in value from its inception date and from the date in which an investorhas invested at the end of the applicable period (generallyyear-end)the EqualizationAmount is used by the Fund to issue additional shares to the inve stor. If the investor had invested in the fund when the fund is down in value from its inception dat e and the fund subsequently goes up in value (at or beyond the applicablehigh water mark), under the Redemption Method an investor's shares will be redeemedto pay incentive fees owed to the manager. Underthe DepreciationMethod, an amount is deducted from the subs cription amount and credited as a depreciation deposit which is then used to payincentivefees owed to the GeneralPartneror Manageron an ongoing basis. Fora dditionalinformation, referto the hedge fund's operatingdocuments. EFTA01558001
March 1, 2026 at 9:32 AM
epsteinweb.bsky.social
Parts 1-3/3 — EFTA01557987.jpg
#epsteinweb #efta01557987
https://epsteinweb.org
Available in the iOS app store now!
https://apps.apple.com/us/app/epstein-web/id6758880661
EFTA01557977 | EFTA01557987 10 JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY, INC. 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio October 01, 2004 - October 31, 2004 Page 11 of 14 IMPORTANT INFORMATION ABOUT PRIVATE INVESTMENTS: FOOTNOTES 1 - 3 continued Hedge fund redemptions are generallyon a monthly, quarterlyor annual basis but can sometimes be subj ect to a multi-yearlockup before a redemption is permitted. For redemptions, there is generallya not ification period that can be a long interval before the actual redemption date. Redemption proceeds are generallypaid 3-5 business days afterthe final NAVis issued , but can be subject to a holdback of a portion of the proceeds until an annual audit of the Fund ha s been completed. Please referto the applicablehedge fund's operativedocumentation for furtherdetails. Forhedge funds, one of two methods will be used on this statement to report how incentive fees that may be owed to the GeneralPartneror Managerare paid. The first method is called "Series of Shares an d Consolidation Method" and will allocate a new series of the hedge fund at a parvalue (e.g. 1, 100 or 1000) for everysubscription period during the yearand a dif ferentNAVwill be trackedfor each series. At the end of the applicableincentive fee period (generally the end of the year),any series for which an incentive fee is payable (i.e., the fund has a net profit or is overthe applicable"high water mark"and known as the "Consolid sting Series")will be incorporatedwith and consolidated as part of the earliestseries issued by the fund in which an investorhas subscribed for which an incentive fee is payable(the "Lead Series"). Investorsholding shares in a Consolidating Series will have theirshares redeemedfrom each ofthe Consolidating Seriesand simultaneouslybe issued additionalshares ofthe LeadS eries(basedon the NAVofthe LeadSerieson the conversion date). Any series for which an incentive fee is not payable(i.e. the fund has a net loss or is not o verthe applicable"high water mark") will remain as a separateseries until the following incentive fe e period ends (generallyat year-end),when it will again be evaluated and consolidatedas part of the LeadSeries if the previouslydescribedcriteria is met. The second method is calledthe "EqualizationMethod". "Equalization"is an accounting methodologyused to ensure that each investorin a hedge fund is paying his/her equitableallocation of incentive fees. Unlike the Seriesof Shares method, shares held by all investors are valued at the same NAV. The "EqualizationAmount" reflects an amount deducted from the subscripti on amount in order to "equalize"the incentive fees among investors investing to the Fund in the curr ent year. The "EqualizationFactor" used to determine the EqualizationAmount may varyamong investors and depends on both the date at which an investorsubscrib es to the fund and the fund's current levelofperformance. An investorwho subscribes to a fund follow ing the initial closing date will havean Equalization Amount effectivelysegregatedfrom the subscription amount utilized to purchase shares. The EqualizationAmoun t can change overtime, depending on anynew investors entering the fund as the amount is again "equal ized"to ensure each investorhas an equitable allocation of incentive fees. Note that a change in equalizationovertime can result in a negativeEqualizationAmoun t. A negativeequalizationamount implies a potential reduction in investorshares to payincentive fees to the Manager. There are two EqualizationMethods commonly used today: "Redemption Method" or "DepreciationMethod". Underboth methods, if the fund is up in value from its inception date and from the date in which an investorhas invested at the end of the applicable period (generallyyear-end)the EqualizationAmount is used by the Fund to issue additional shares to the inve stor. If the investor had invested in the fund when the fund is down in value from its inception dat e and the fund subsequently goes up in value (at or beyond the applicablehigh water mark), under the Redemption Method an investor's shares will be redeemedto pay incentive fees owed to the manager. Underthe DepreciationMethod, an amount is deducted from the subs cription amount and credited as a depreciation deposit which is then used to payincentivefees owed to the GeneralPartneror Manageron an ongoing basis. Fora dditionalinformation, referto the hedge fund's operatingdocuments. EFTA01557987
March 1, 2026 at 9:32 AM
epsteinweb.bsky.social
Parts 1-3/3 — EFTA01557973.jpg
#epsteinweb #efta01557973
https://epsteinweb.org
Available in the iOS app store now!
https://apps.apple.com/us/app/epstein-web/id6758880661
EFTA01557961 | EFTA01557973 09 JPMorgan Chase Bank 2004 Account Number: FINANCIAL TRUST COMPANY, INC. 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio September 01, 2004 - September 30, 2004 Page 13 of 16 IMPORTANT INFORMATION ABOUT PRIVATE INVESTMENTS: FOOTNOTES 1 - 3 continued Hedge fund redemptions are generallyon a monthly, quarterlyor annual basis but can sometimes be subj ect to a multi-yearlockup before a redemption is permitted. For redemptions, there is generallya not ification period that can be a long interval before the actual redemption date. Redemption proceeds are generallypaid 3-5 business days afterthe final NAVis issued , but can be subject to a holdback of a portion of the proceeds until an annual audit of the Fund ha s been completed. Please referto the applicablehedge fund's operativedocumentation for furtherdetails. Forhedge funds, one of two methods will be used on this statement to report how incentive fees that may be owed to the GeneralPartneror Managerare paid. The first method is called "Series of Shares an d Consolidation Method" and will allocate a new series of the hedge fund at a parvalue (e.g. 1, 100 or 1000) for everysubscription period during the yearand a dif ferentNAVwill be trackedfor each series. At the end of the applicableincentive fee period (generally the end of the year),any series for which an incentive fee is payable (i.e., the fund has a net profit or is overthe applicable"high water mark"and known as the "Consolid sting Series")will be incorporatedwith and consolidated as part of the earliestseries issued by the fund in which an investorhas subscribed for which an incentive fee is payable(the "Lead Series"). Investorsholding shares in a Consolidating Series will have theirshares redeemedfrom each ofthe Consolidating Seriesand simultaneouslybe issued additionalshares ofthe LeadS eries(basedon the NAVofthe LeadSerieson the conversion date). Any series for which an incentive fee is not payable(i.e. the fund has a net loss or is not o verthe applicable"high water mark") will remain as a separateseries until the following incentive fe e period ends (generallyat year-end),when it will again be evaluated and consolidatedas part of the LeadSeries if the previouslydescribedcriteria is met. The second method is calledthe "EqualizationMethod". "Equalization"is an accounting methodologyused to ensure that each investorin a hedge fund is paying his/her equitableallocation of incentive fees. Unlike the Seriesof Shares method, shares held by all investors are valued at the same NAV. The "EqualizationAmount" reflects an amount deducted from the subscripti on amount in order to "equalize"the incentive fees among investors investing to the Fund in the curr ent year. The "EqualizationFactor" used to determine the EqualizationAmount may varyamong investors and depends on both the date at which an investorsubscrib es to the fund and the fund's current levelofperformance. An investorwho subscribes to a fund follow ing the initial closing date will havean Equalization Amount effectivelysegregatedfrom the subscription amount utilized to purchase shares. The EqualizationAmoun t can change overtime, depending on anynew investors entering the fund as the amount is again "equal ized"to ensure each investorhas an equitable allocation of incentive fees. Note that a change in equalizationovertime can result in a negativeEqualizationAmoun t. A negativeequalizationamount implies a potential reduction in investorshares to payincentive fees to the Manager. There are two EqualizationMethods commonly used today: "Redemption Method" or "DepreciationMethod". Underboth methods, if the fund is up in value from its inception date and from the date in which an investorhas invested at the end of the applicable period (generallyyear-end)the EqualizationAmount is used by the Fund to issue additional shares to the inve stor. If the investor had invested in the fund when the fund is down in value from its inception dat e and the fund subsequently goes up in value (at or beyond the applicablehigh water mark), under the Redemption Method an investor's shares will be redeemedto pay incentive fees owed to the manager. Underthe DepreciationMethod, an amount is deducted from the subs cription amount and credited as a depreciation deposit which is then used to payincentivefees owed to the GeneralPartneror Manageron an ongoing basis. Fora dditionalinformation, referto the hedge fund's operatingdocuments. EFTA01557973
March 1, 2026 at 9:31 AM
epsteinweb.bsky.social
Parts 1-3/3 — EFTA01557957.jpg
#epsteinweb #efta01557957
https://epsteinweb.org
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EFTA01557946 | EFTA01557957 08 JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY, INC. 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio August 01, 2004 - August 31, 2004 Page 12 of 15 IMPORTANT INFORMATION ABOUT PRIVATE INVESTMENTS: FOOTNOTES 1 - 3 continued Hedge fund redemptions are generallyon a monthly, quarterlyor annual basis but can sometimes be subj ect to a multi-yearlockup before a redemption is permitted. For redemptions, there is generallya not ification period that can be a long interval before the actual redemption date. Redemption proceeds are generallypaid 3-5 business days afterthe final NAVis issued , but can be subject to a holdback of a portion of the proceeds until an annual audit of the Fund ha s been completed. Please referto the applicablehedge fund's operativedocumentation for furtherdetails. Forhedge funds, one of two methods will be used on this statement to report how incentive fees that may be owed to the GeneralPartneror Managerare paid. The first method is called "Series of Shares an d Consolidation Method" and will allocate a new series of the hedge fund at a parvalue (e.g. 1, 100 or 1000) for everysubscription period during the yearand a dif ferentNAVwill be trackedfor each series. At the end of the applicableincentive fee period (generally the end of the year),any series for which an incentive fee is payable (i.e., the fund has a net profit or is overthe applicable"high water mark"and known as the "Consolid sting Series")will be incorporatedwith and consolidated as part of the earliestseries issued by the fund in which an investorhas subscribed for which an incentive fee is payable(the "Lead Series"). Investorsholding shares in a Consolidating Series will have theirshares redeemedfrom each ofthe Consolidating Seriesand simultaneouslybe issued additionalshares ofthe LeadS eries(basedon the NAVofthe LeadSerieson the conversion date). Any series for which an incentive fee is not payable(i.e. the fund has a net loss or is not o verthe applicable"high water mark") will remain as a separateseries until the following incentive fe e period ends (generallyat year-end),when it will again be evaluated and consolidatedas part of the LeadSeries if the previouslydescribedcriteria is met. The second method is calledthe "EqualizationMethod". "Equalization"is an accounting methodologyused to ensure that each investorin a hedge fund is paying his/her equitableallocation of incentive fees. Unlike the Seriesof Shares method, shares held by all investors are valued at the same NAV. The "EqualizationAmount" reflects an amount deducted from the subscripti on amount in order to "equalize"the incentive fees among investors investing to the Fund in the curr ent year. The "EqualizationFactor" used to determine the EqualizationAmount may varyamong investors and depends on both the date at which an investorsubscrib es to the fund and the fund's current levelofperformance. An investorwho subscribes to a fund follow ing the initial closing date will havean Equalization Amount effectivelysegregatedfrom the subscription amount utilized to purchase shares. The EqualizationAmoun t can change overtime, depending on anynew investors entering the fund as the amount is again "equal ized"to ensure each investorhas an equitable allocation of incentive fees. Note that a change in equalizationovertime can result in a negativeEqualizationAmoun t. A negativeequalizationamount implies a potential reduction in investorshares to payincentive fees to the Manager. There are two EqualizationMethods commonly used today: "Redemption Method" or "DepreciationMethod". Underboth methods, if the fund is up in value from its inception date and from the date in which an investorhas invested at the end of the applicable period (generallyyear-end)the EqualizationAmount is used by the Fund to issue additional shares to the inve stor. If the investor had invested in the fund when the fund is down in value from its inception dat e and the fund subsequently goes up in value (at or beyond the applicablehigh water mark), under the Redemption Method an investor's shares will be redeemedto pay incentive fees owed to the manager. Underthe DepreciationMethod, an amount is deducted from the subs cription amount and credited as a depreciation deposit which is then used to payincentivefees owed to the GeneralPartneror Manageron an ongoing basis. Fora dditionalinformation, referto the hedge fund's operatingdocuments. EFTA01557957
March 1, 2026 at 9:30 AM
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EFTA01557931 | EFTA01557942 06 JPMorgan Chase Bank 2004 Account Number: Q 78805-00-1 FINANCIAL TRUST COMPANY, INC. 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2004 - June 30, 2004 Page 12 of 15 IMPORTANT INFORMATION ABOUT PRIVATE INVESTMENTS: FOOTNOTES 1 - 3 continued Hedge fund redemptions are generallyon a monthly, quarterlyor annual basis but can sometimes be subj ect to a multi-yearlockup before a redemption is permitted. For redemptions, there is generallya not ification period that can be a long interval before the actual redemption date. Redemption proceeds are generallypaid 3-5 business days afterthe final NAVis issued , but can be subject to a holdback of a portion of the proceeds until an annual audit of the Fund ha s been completed. Please referto the applicablehedge fund's operativedocumentation for furtherdetails. Forhedge funds, one of two methods will be used on this statement to report how incentive fees that may be owed to the GeneralPartneror Managerare paid. The first method is called "Series of Shares an d Consolidation Method" and will allocate a new series of the hedge fund at a parvalue (e.g. 1, 100 or 1000) for everysubscription period during the yearand a dif ferentNAVwill be trackedfor each series. At the end of the applicableincentive fee period (generally the end of the year),any series for which an incentive fee is payable (i.e., the fund has a net profit or is overthe applicable"high water mark"and known as the "Consolid sting Series")will be incorporatedwith and consolidated as part of the earliestseries issued by the fund in which an investorhas subscribed for which an incentive fee is payable(the "Lead Series"). Investorsholding shares in a Consolidating Series will have theirshares redeemedfrom each ofthe Consolidating Seriesand simultaneouslybe issued additionalshares ofthe LeadS eries(basedon the NAVofthe LeadSerieson the conversion date). Any series for which an incentive fee is not payable(i.e. the fund has a net loss or is not o verthe applicable"high water mark") will remain as a separateseries until the following incentive fe e period ends (generallyat year-end),when it will again be evaluated and consolidatedas part of the LeadSeries if the previouslydescribedcriteria is met. The second method is calledthe "EqualizationMethod". "Equalization"is an accounting methodologyused to ensure that each investorin a hedge fund is paying his/her equitableallocation of incentive fees. Unlike the Seriesof Shares method, shares held by all investors are valued at the same NAV. The "EqualizationAmount" reflects an amount deducted from the subscripti on amount in order to "equalize"the incentive fees among investors investing to the Fund in the curr ent year. The "EqualizationFactor" used to determine the EqualizationAmount may varyamong investors and depends on both the date at which an investorsubscrib es to the fund and the fund's current levelofperformance. An investorwho subscribes to a fund follow ing the initial closing date will havean Equalization Amount effectivelysegregatedfrom the subscription amount utilized to purchase shares. The EqualizationAmoun t can change overtime, depending on anynew investors entering the fund as the amount is again "equal ized"to ensure each investorhas an equitable allocation of incentive fees. Note that a change in equalizationovertime can result in a negativeEqualizationAmoun t. A negativeequalizationamount implies a potential reduction in investorshares to payincentive fees to the Manager. There are two EqualizationMethods commonly used today: "Redemption Method" or "DepreciationMethod". Underboth methods, if the fund is up in value from its inception date and from the date in which an investorhas invested at the end of the applicable period (generallyyear-end)the EqualizationAmount is used by the Fund to issue additional shares to the inve stor. If the investor had invested in the fund when the fund is down in value from its inception dat e and the fund subsequently goes up in value (at or beyond the applicablehigh water mark), under the Redemption Method an investor's shares will be redeemedto pay incentive fees owed to the manager. Underthe DepreciationMethod, an amount is deducted from the subs cription amount and credited as a depreciation deposit which is then used to payincentivefees owed to the GeneralPartneror Manageron an ongoing basis. Fora dditionalinformation, referto the hedge fund's operatingdocuments. EFTA01557942
March 1, 2026 at 9:29 AM
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EFTA01557917 | EFTA01557927 05 JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY, INC. 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio May 01, 2004 - May 31, 2004 Page 11 of 14 IMPORTANT INFORMATION ABOUT PRIVATE INVESTMENTS: FOOTNOTES 1 - 3 continued Hedge fund redemptions are generallyon a monthly, quarterlyor annual basis but can sometimes be subj ect to a multi-yearlockup before a redemption is permitted. For redemptions, there is generallya not ification period that can be a long interval before the actual redemption date. Redemption proceeds are generallypaid 3-5 business days afterthe final NAVis issued , but can be subject to a holdback of a portion of the proceeds until an annual audit of the Fund ha s been completed. Please referto the applicablehedge fund's operativedocumentation for furtherdetails. Forhedge funds, one of two methods will be used on this statement to report how incentive fees that may be owed to the GeneralPartneror Managerare paid. The first method is called "Series of Shares an d Consolidation Method" and will allocate a new series of the hedge fund at a parvalue (e.g. 1, 100 or 1000) for everysubscription period during the yearand a dif ferentNAVwill be trackedfor each series. At the end of the applicableincentive fee period (generally the end of the year),any series for which an incentive fee is payable (i.e., the fund has a net profit or is overthe applicable"high water mark"and known as the "Consolid ating Series")will be incorporatedwith and consolidated as part of the earliestseries issued by the fund in which an investorhas subscribed for which an incentive fee is payable(the "Lead Series"). Investorsholding shares in a Consolidating Series will have theirshares redeemedfrom each ofthe Consolidating Seriesand simultaneouslybe issued additionalshares ofthe LeadS eries(basedon the NAVofthe LeadSerieson the conversion date). Any series for which an incentive fee is not payable(i.e. the fund has a net loss or is not o verthe applicable"high water mark") will remain as a separateseries until the following incentive fe e period ends (generallyat year-end),when it will again be evaluated and consolidatedas part of the LeadSeries if the previouslydescribedcriteria is met. The second method is calledthe "EqualizationMethod". "Equalization"is an accounting methodologyused to ensure that each investorin a hedge fund is paying his/her equitableallocation of incentive fees. Unlike the Seriesof Shares method, shares held by all investors are valued at the same NAV. The "EqualizationAmount" reflects an amount deducted from the subscripti on amount in order to "equalize"the incentive fees among investors investing to the Fund in the curr ent year. The "EqualizationFactor" used to determine the EqualizationAmount may varyamong investors and depends on both the date at which an investorsubscrib es to the fund and the fund's current levelofperformance. An investorwho subscribes to a fund follow ing the initial closing date will havean Equalization Amount effectivelysegregatedfrom the subscription amount utilized to purchase shares. The EqualizationAmoun t can change overtime, depending on anynew investors entering the fund as the amount is again "equal ized"to ensure each investorhas an equitable allocation of incentive fees. Note that a change in equalizationovertime can result in a negativeEqualizationAmoun t. A negativeequalizationamount implies a potential reduction in investorshares to payincentive fees to the Manager. There are two EqualizationMethods commonly used today: "Redemption Method" or "DepreciationMethod". Underboth methods, if the fund is up in value from its inception date and from the date in which an investorhas invested at the end of the applicable period (generallyyear-end)the EqualizationAmount is used by the Fund to issue additional shares to the inve stor. If the investor had invested in the fund when the fund is down in value from its inception dat e and the fund subsequently goes up in value (at or beyond the applicablehigh water mark), under the Redemption Method an investor's shares will be redeemedto pay incentive fees owed to the manager. Underthe DepreciationMethod, an amount is deducted from the subs cription amount and credited as a depreciation deposit which is then used to payincentivefees owed to the GeneralPartneror Manageron an ongoing basis. Fora dditionalinformation, referto the hedge fund's operatingdocuments. EFTA01557927
March 1, 2026 at 9:29 AM
epsteinweb.bsky.social
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EFTA01557900 | EFTA01557913 04 JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY, INC. 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio April 01, 2004 - April 30, 2004 Page 14 of 17 IMPORTANT INFORMATION ABOUT PRIVATE INVESTMENTS: FOOTNOTES 1 - 3 continued Hedge fund redemptions are generallyon a monthly, quarterlyor annual basis but can sometimes be subj ect to a multi-yearlockup before a redemption is permitted. For redemptions, there is generallya not ification period that can be a long interval before the actual redemption date. Redemption proceeds are generallypaid 3-5 business days afterthe final NAVis issued , but can be subject to a holdback of a portion of the proceeds until an annual audit of the Fund ha s been completed. Please referto the applicablehedge fund's operativedocumentation for furtherdetails. Forhedge funds, one of two methods will be used on this statement to report how incentive fees that may be owed to the GeneralPartneror Managerare paid. The first method is called "Series of Shares an d Consolidation Method" and will allocate a new series of the hedge fund at a parvalue (e.g. 1, 100 or 1000) for everysubscription period during the yearand a dif ferentNAVwill be trackedfor each series. At the end of the applicableincentive fee period (generally the end of the year),any series for which an incentive fee is payable (i.e., the fund has a net profit or is overthe applicable"high water mark"and known as the "Consolid sting Series")will be incorporatedwith and consolidated as part of the earliestseries issued by the fund in which an investorhas subscribed for which an incentive fee is payable(the "Lead Series"). Investorsholding shares in a Consolidating Series will have theirshares redeemedfrom each ofthe Consolidating Seriesand simultaneouslybe issued additionalshares ofthe LeadS eries(basedon the NAVofthe LeadSerieson the conversion date). Any series for which an incentive fee is not payable(i.e. the fund has a net loss or is not o verthe applicable"high water mark") will remain as a separateseries until the following incentive fe e period ends (generallyat year-end),when it will again be evaluated and consolidatedas part of the LeadSeries if the previouslydescribedcriteria is met. The second method is calledthe "EqualizationMethod". "Equalization"is an accounting methodologyused to ensure that each investorin a hedge fund is paying his/her equitableallocation of incentive fees. Unlike the Seriesof Shares method, shares held by all investors are valued at the same NAV. The "EqualizationAmount" reflects an amount deducted from the subscripti on amount in order to "equalize"the incentive fees among investors investing to the Fund in the curr ent year. The "EqualizationFactor" used to determine the EqualizationAmount may varyamong investors and depends on both the date at which an investorsubscrib es to the fund and the fund's current levelofperformance. An investorwho subscribes to a fund follow ing the initial closing date will havean Equalization Amount effectivelysegregatedfrom the subscription amount utilized to purchase shares. The EqualizationAmoun t can change overtime, depending on anynew investors entering the fund as the amount is again "equal ized"to ensure each investorhas an equitable allocation of incentive fees. Note that a change in equalizationovertime can result in a negativeEqualizationAmoun t. A negativeequalizationamount implies a potential reduction in investorshares to payincentive fees to the Manager. There are two EqualizationMethods commonly used today: "Redemption Method" or "DepreciationMethod". Underboth methods, if the fund is up in value from its inception date and from the date in which an investorhas invested at the end of the applicable period (generallyyear-end)the EqualizationAmount is used by the Fund to issue additional shares to the inve stor. If the investor had invested in the fund when the fund is down in value from its inception dat e and the fund subsequently goes up in value (at or beyond the applicablehigh water mark), under the Redemption Method an investor's shares will be redeemedto pay incentive fees owed to the manager. Underthe DepreciationMethod, an amount is deducted from the subs cription amount and credited as a depreciation deposit which is then used to payincentivefees owed to the GeneralPartneror Manageron an ongoing basis. Fora dditionalinformation, referto the hedge fund's operatingdocuments. EFTA01557913
March 1, 2026 at 9:28 AM
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EFTA01557886 | EFTA01557896 03 JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY, INC. 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio March 01, 2004 - March 31, 2004 Page 11 of 14 IMPORTANT INFORMATION ABOUT PRIVATE INVESTMENTS: FOOTNOTES 1 - 3 continued Hedge fund redemptions are generallyon a monthly, quarterlyor annual basis but can sometimes be subj ect to a multi-yearlockup before a redemption is permitted. For redemptions, there is generallya not ification period that can be a long interval before the actual redemption date. Redemption proceeds are generallypaid 3-5 business days afterthe final NAVis issued , but can be subject to a holdback of a portion of the proceeds until an annual audit of the Fund ha s been completed. Please referto the applicablehedge fund's operativedocumentation for furtherdetails. Forhedge funds, one of two methods will be used on this statement to report how incentive fees that may be owed to the GeneralPartneror Managerare paid. The first method is called "Series of Shares an d Consolidation Method" and will allocate a new series of the hedge fund at a parvalue (e.g. 1, 100 or 1000) for everysubscription period during the yearand a dif ferentNAVwill be trackedfor each series. At the end of the applicableincentive fee period (generally the end of the year),any series for which an incentive fee is payable (i.e., the fund has a net profit or is overthe applicable"high water mark"and known as the "Consolid sting Series")will be incorporatedwith and consolidated as part of the earliestseries issued by the fund in which an investorhas subscribed for which an incentive fee is payable(the "Lead Series"). Investorsholding shares in a Consolidating Series will have theirshares redeemedfrom each ofthe Consolidating Seriesand simultaneouslybe issued additionalshares ofthe LeadS eries(basedon the NAVofthe LeadSerieson the conversion date). Any series for which an incentive fee is not payable(i.e. the fund has a net loss or is not o verthe applicable"high water mark") will remain as a separateseries until the following incentive fe e period ends (generallyat year-end),when it will again be evaluated and consolidatedas part of the LeadSeries if the previouslydescribedcriteria is met. The second method is calledthe "EqualizationMethod". "Equalization"is an accounting methodologyused to ensure that each investorin a hedge fund is paying his/her equitableallocation of incentive fees. Unlike the Seriesof Shares method, shares held by all investors are valued at the same NAV. The "EqualizationAmount" reflects an amount deducted from the subscripti on amount in order to "equalize"the incentive fees among investors investing to the Fund in the curr ent year. The "EqualizationFactor" used to determine the EqualizationAmount may varyamong investors and depends on both the date at which an investorsubscrib es to the fund and the fund's current levelofperformance. An investorwho subscribes to a fund follow ing the initial closing date will havean Equalization Amount effectivelysegregatedfrom the subscription amount utilized to purchase shares. The EqualizationAmoun t can change overtime, depending on anynew investors entering the fund as the amount is again "equal ized"to ensure each investorhas an equitable allocation of incentive fees. Note that a change in equalizationovertime can result in a negativeEqualizationAmoun t. A negativeequalizationamount implies a potential reduction in investorshares to payincentive fees to the Manager. There are two EqualizationMethods commonly used today: "Redemption Method" or "DepreciationMethod". Underboth methods, if the fund is up in value from its inception date and from the date in which an investorhas invested at the end of the applicable period (generallyyear-end)the EqualizationAmount is used by the Fund to issue additional shares to the inve stor. If the investor had invested in the fund when the fund is down in value from its inception dat e and the fund subsequently goes up in value (at or beyond the applicablehigh water mark), under the Redemption Method an investor's shares will be redeemedto pay incentive fees owed to the manager. Underthe DepreciationMethod, an amount is deducted from the subs cription amount and credited as a depreciation deposit which is then used to payincentivefees owed to the GeneralPartneror Manageron an ongoing basis. Fora dditionalinformation, referto the hedge fund's operatingdocuments. EFTA01557896
March 1, 2026 at 9:27 AM
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EFTA01557871 | EFTA01557882 02 JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY, INC. 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio February 01, 2004 - February 29, 2004 Page 12 of 15 IMPORTANT INFORMATION ABOUT PRIVATE INVESTMENTS: FOOTNOTES 1 - 3 continued Hedge fund redemptions are generallyon a monthly, quarterlyor annual basis but can sometimes be subj ect to a multi-yearlockup before a redemption is permitted. For redemptions, there is generallya not ification period that can be a long interval before the actual redemption date. Redemption proceeds are generallypaid 3-5 business days afterthe final NAVis issued , but can be subject to a holdback of a portion of the proceeds until an annual audit of the Fund ha s been completed. Please referto the applicablehedge fund's operativedocumentation for furtherdetails. Forhedge funds, one of two methods will be used on this statement to report how incentive fees that may be owed to the GeneralPartneror Managerare paid. The first method is called "Series of Shares an d Consolidation Method" and will allocate a new series of the hedge fund at a parvalue (e.g. 1, 100 or 1000) for everysubscription period during the yearand a dif ferentNAVwill be trackedfor each series. At the end of the applicableincentive fee period (generally the end of the year),any series for which an incentive fee is payable (i.e., the fund has a net profit or is overthe applicable"high water mark"and known as the "Consolid sting Series")will be incorporatedwith and consolidated as part of the earliestseries issued by the fund in which an investorhas subscribed for which an incentive fee is payable(the "Lead Series"). Investorsholding shares in a Consolidating Series will have theirshares redeemedfrom each ofthe Consolidating Seriesand simultaneouslybe issued additionalshares ofthe LeadS eries(basedon the NAVofthe LeadSerieson the conversion date). Any series for which an incentive fee is not payable(i.e. the fund has a net loss or is not o verthe applicable"high water mark") will remain as a separateseries until the following incentive fe e period ends (generallyat year-end),when it will again be evaluated and consolidatedas part of the LeadSeries if the previouslydescribedcriteria is met. The second method is calledthe "EqualizationMethod". "Equalization"is an accounting methodologyused to ensure that each investorin a hedge fund is paying his/her equitableallocation of incentive fees. Unlike the Seriesof Shares method, shares held by all investors are valued at the same NAV. The "EqualizationAmount" reflects an amount deducted from the subscripti on amount in order to "equalize"the incentive fees among investors investing to the Fund in the curr ent year. The "EqualizationFactor" used to determine the EqualizationAmount may varyamong investors and depends on both the date at which an investorsubscrib es to the fund and the fund's current levelofperformance. An investorwho subscribes to a fund follow ing the initial closing date will havean Equalization Amount effectivelysegregatedfrom the subscription amount utilized to purchase shares. The EqualizationAmoun t can change overtime, depending on anynew investors entering the fund as the amount is again "equal ized"to ensure each investorhas an equitable allocation of incentive fees. Note that a change in equalizationovertime can result in a negativeEqualizationAmoun t. A negativeequalizationamount implies a potential reduction in investorshares to payincentive fees to the Manager. There are two EqualizationMethods commonly used today: "Redemption Method" or "DepreciationMethod". Underboth methods, if the fund is up in value from its inception date and from the date in which an investorhas invested at the end of the applicable period (generallyyear-end)the EqualizationAmount is used by the Fund to issue additional shares to the inve stor. If the investor had invested in the fund when the fund is down in value from its inception dat e and the fund subsequently goes up in value (at or beyond the applicablehigh water mark), under the Redemption Method an investor's shares will be redeemedto pay incentive fees owed to the manager. Underthe DepreciationMethod, an amount is deducted from the subs cription amount and credited as a depreciation deposit which is then used to payincentivefees owed to the GeneralPartneror Manageron an ongoing basis. Fora dditionalinformation, referto the hedge fund's operatingdocuments. EFTA01557882
March 1, 2026 at 9:26 AM
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EFTA01557855 | EFTA01557867 01 JPMorgan Chase Bank 2004 Account Number: I FINANCIAL TRUST COMPANY, INC. 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio January 01, 2004 - January 31, 2004 Page 13 of 16 IMPORTANT INFORMATION ABOUT PRIVATE INVESTMENTS: FOOTNOTES 1 - 3 continued Hedge fund redemptions are generallyon a monthly, quarterlyor annual basis but can sometimes be subj ect to a multi-yearlockup before a redemption is permitted. For redemptions, there is generallya not ification period that can be a long interval before the actual redemption date. Redemption proceeds are generallypaid 3-5 business days afterthe final NAVis issued , but can be subject to a holdback of a portion of the proceeds until an annual audit of the Fund ha s been completed. Please referto the applicablehedge fund's operativedocumentation for furtherdetails. Forhedge funds, one of two methods will be used on this statement to report how incentive fees that may be owed to the GeneralPartneror Managerare paid. The first method is called "Series of Shares an d Consolidation Method" and will allocate a new series of the hedge fund at a parvalue (e.g. 1, 100 or 1000) for everysubscription period during the yearand a dif ferentNAVwill be trackedfor each series. At the end of the applicableincentive fee period (generally the end of the year),any series for which an incentive fee is payable (i.e., the fund has a net profit or is overthe applicable"high water mark"and known as the "Consolid sting Series")will be incorporatedwith and consolidated as part of the earliestseries issued by the fund in which an investorhas subscribed for which an incentive fee is payable(the "Lead Series"). Investorsholding shares in a Consolidating Series will have theirshares redeemedfrom each ofthe Consolidating Seriesand simultaneouslybe issued additionalshares ofthe LeadS eries(basedon the NAVofthe LeadSerieson the conversion date). Any series for which an incentive fee is not payable(i.e. the fund has a net loss or is not o verthe applicable"high water mark") will remain as a separateseries until the following incentive fe e period ends (generallyat year-end),when it will again be evaluated and consolidatedas part of the LeadSeries if the previouslydescribedcriteria is met. The second method is calledthe "EqualizationMethod". "Equalization"is an accounting methodologyused to ensure that each investorin a hedge fund is paying his/her equitableallocation of incentive fees. Unlike the Seriesof Shares method, shares held by all investors are valued at the same NAV. The "EqualizationAmount" reflects an amount deducted from the subscripti on amount in order to "equalize"the incentive fees among investors investing to the Fund in the curr ent year. The "EqualizationFactor" used to determine the EqualizationAmount may varyamong investors and depends on both the date at which an investorsubscrib es to the fund and the fund's current levelofperformance. An investorwho subscribes to a fund follow ing the initial closing date will havean Equalization Amount effectivelysegregatedfrom the subscription amount utilized to purchase shares. The EqualizationAmoun t can change overtime, depending on anynew investors entering the fund as the amount is again "equal ized"to ensure each investorhas an equitable allocation of incentive fees. Note that a change in equalizationovertime can result in a negativeEqualizationAmoun t. A negativeequalizationamount implies a potential reduction in investorshares to payincentive fees to the Manager. There are two EqualizationMethods commonly used today: "Redemption Method" or "DepreciationMethod". Underboth methods, if the fund is up in value from its inception date and from the date in which an investorhas invested at the end of the applicable period (generallyyear-end)the EqualizationAmount is used by the Fund to issue additional shares to the inve stor. If the investor had invested in the fund when the fund is down in value from its inception dat e and the fund subsequently goes up in value (at or beyond the applicablehigh water mark), under the Redemption Method an investor's shares will be redeemedto pay incentive fees owed to the manager. Underthe DepreciationMethod, an amount is deducted from the subs cription amount and credited as a depreciation deposit which is then used to payincentivefees owed to the GeneralPartneror Manageron an ongoing basis. Fora dditionalinformation, referto the hedge fund's operatingdocuments. EFTA01557867
March 1, 2026 at 9:26 AM
epsteinweb.bsky.social
Parts 1-3/3 — EFTA01557851.jpg
#epsteinweb #efta01557851
https://epsteinweb.org
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EFTA01557839 | EFTA01557851 12 JPMorgan Chase Bank 2003 Account Number: I FINANCIAL TRUST COMPANY, INC. 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio December 01, 2003 - December 31, 2003 Page 13 of 16 IMPORTANT INFORMATION ABOUT PRIVATE INVESTMENTS: FOOTNOTES 1 - 3 continued Hedge fund redemptions are generallyon a monthly, quarterlyor annual basis but can sometimes be subj ect to a multi-yearlockup before a redemption is permitted. For redemptions, there is generallya not ification period that can be a long interval before the actual redemption date. Redemption proceeds are generallypaid 3-5 business days afterthe final NAVis issued , but can be subject to a holdback of a portion of the proceeds until an annual audit of the Fund ha s been completed. Please referto the applicablehedge fund's operativedocumentation for furtherdetails. Forhedge funds, one of two methods will be used on this statement to report how incentive fees that may be owed to the GeneralPartneror Managerare paid. The first method is called "Series of Shares an d Consolidation Method" and will allocate a new series of the hedge fund at a parvalue (e.g. 1, 100 or 1000) for everysubscription period during the yearand a dif ferentNAVwill be trackedfor each series. At the end of the applicableincentive fee period (generally the end of the year),any series for which an incentive fee is payable (i.e., the fund has a net profit or is overthe applicable"high water mark"and known as the "Consolid sting Series")will be incorporatedwith and consolidated as part of the earliestseries issued by the fund in which an investorhas subscribed for which an incentive fee is payable(the "Lead Series"). Investorsholding shares in a Consolidating Series will have theirshares redeemedfrom each ofthe Consolidating Seriesand simultaneouslybe issued additionalshares ofthe LeadS eries(basedon the NAVofthe LeadSerieson the conversion date). Any series for which an incentive fee is not payable(i.e. the fund has a net loss or is not o verthe applicable"high water mark") will remain as a separateseries until the following incentive fe e period ends (generallyat year-end),when it will again be evaluated and consolidatedas part of the LeadSeries if the previouslydescribedcriteria is met. The second method is calledthe "EqualizationMethod". "Equalization"is an accounting methodologyused to ensure that each investorin a hedge fund is paying his/her equitableallocation of incentive fees. Unlike the Seriesof Shares method, shares held by all investors are valued at the same NAV. The "EqualizationAmount" reflects an amount deducted from the subscripti on amount in order to "equalizenthe incentive fees among investors investing to the Fund in the curr ent year. The "EqualizationFactor" used to determine the EqualizationAmount may varyamong investors and depends on both the date at which an investorsubscrib es to the fund and the fund's current levelofperformance. An investorwho subscribes to a fund follow ing the initial closing date will havean Equalization Amount effectivelysegregatedfrom the subscription amount utilized to purchase shares. The EqualizationAmoun t can change overtime, depending on anynew investors entering the fund as the amount is again "equal ized"to ensure each investorhas an equitable allocation of incentive fees. Note that a change in equalizationovertime can result in a negativeEqualizationAmoun t. A negativeequalizationamount implies a potential reduction in investorshares to payincentive fees to the Manager. There are two EqualizationMethods commonly used today: "Redemption Method" or "DepreciationMethod". Underboth methods, if the fund is up in value from its inception date and from the date in which an investorhas invested at the end of the applicable period (generallyyear-end)the EqualizationAmount is used by the Fund to issue additional shares to the inve stor. If the investor had invested in the fund when the fund is down in value from its inception dat e and the fund subsequently goes up in value (at or beyond the applicablehigh water mark), under the Redemption Method an investor's shares will be redeemedto pay incentive fees owed to the manager. Underthe DepreciationMethod, an amount is deducted from the subs cription amount and credited as a depreciation deposit which is then used to payincentivefees owed to the GeneralPartneror Manageron an ongoing basis. Fora dditionalinformation, referto the hedge fund's operatingdocuments. EFTA01557851
March 1, 2026 at 9:25 AM
epsteinweb.bsky.social
Parts 1-3/3 — EFTA01557835.jpg
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EFTA01557825 | EFTA01557835 11 JPMorgan Chase Bank 2003 Account Number: I FINANCIAL TRUST COMPANY, INC. 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio November 01, 2003 - November 30, 2003 Page 11 of 14 IMPORTANT INFORMATION ABOUT PRIVATE INVESTMENTS: FOOTNOTES 1 - 3 continued Hedge fund redemptions are generallyon a monthly, quarterlyor annual basis but can sometimes be subj ect to a multi-yearlockup before a redemption is permitted. For redemptions, there is generallya not ification period that can be a long interval before the actual redemption date. Redemption proceeds are generallypaid 3-5 business days afterthe final NAVis issued , but can be subject to a holdback of a portion of the proceeds until an annual audit of the Fund ha s been completed. Please referto the applicablehedge fund's operativedocumentation for furtherdetails. Forhedge funds, one of two methods will be used on this statement to report how incentive fees that may be owed to the GeneralPartneror Managerare paid. The first method is called "Series of Shares an d Consolidation Method" and will allocate a new series of the hedge fund at a parvalue (e.g. 1, 100 or 1000) for everysubscription period during the yearand a dif ferentNAVwill be trackedfor each series. At the end of the applicableincentive fee period (generally the end of the year),any series for which an incentive fee is payable (i.e., the fund has a net profit or is overthe applicable"high water mark"and known as the "Consolid sting Series")will be incorporatedwith and consolidated as part of the earliestseries issued by the fund in which an investorhas subscribed for which an incentive fee is payable(the "Lead Series"). Investorsholding shares in a Consolidating Series will have theirshares redeemedfrom each ofthe Consolidating Seriesand simultaneouslybe issued additionalshares ofthe LeadS eries(basedon the NAVofthe LeadSerieson the conversion date). Any series for which an incentive fee is not payable(i.e. the fund has a net loss or is not o verthe applicable"high water mark") will remain as a separateseries until the following incentive fe e period ends (generallyat year-end),when it will again be evaluated and consolidatedas part of the LeadSeries if the previouslydescribedcriteria is met. The second method is calledthe "EqualizationMethod". "Equalization"is an accounting methodologyused to ensure that each investorin a hedge fund is paying his/her equitableallocation of incentive fees. Unlike the Seriesof Shares method, shares held by all investors are valued at the same NAV. The "EqualizationAmount" reflects an amount deducted from the subscripti on amount in order to "equalizenthe incentive fees among investors investing to the Fund in the curr ent year. The "EqualizationFactor" used to determine the EqualizationAmount may varyamong investors and depends on both the date at which an investorsubscrib es to the fund and the fund's current levelofperformance. An investorwho subscribes to a fund follow ing the initial closing date will havean Equalization Amount effectivelysegregatedfrom the subscription amount utilized to purchase shares. The EqualizationAmoun t can change overtime, depending on anynew investors entering the fund as the amount is again "equal ized"to ensure each investorhas an equitable allocation of incentive fees. Note that a change in equalizationovertime can result in a negativeEqualizationAmoun t. A negativeequalizationamount implies a potential reduction in investorshares to payincentive fees to the Manager. There are two EqualizationMethods commonly used today: "Redemption Method" or "DepreciationMethod". Underboth methods, if the fund is up in value from its inception date and from the date in which an investorhas invested at the end of the applicable period (generallyyear-end)the EqualizationAmount is used by the Fund to issue additional shares to the inve stor. If the investor had invested in the fund when the fund is down in value from its inception dat e and the fund subsequently goes up in value (at or beyond the applicablehigh water mark), under the Redemption Method an investor's shares will be redeemedto pay incentive fees owed to the manager. Underthe DepreciationMethod, an amount is deducted from the subs cription amount and credited as a depreciation deposit which is then used to payincentivefees owed to the GeneralPartneror Manageron an ongoing basis. Fora dditionalinformation, referto the hedge fund's operatingdocuments. EFTA01557835
March 1, 2026 at 9:24 AM
epsteinweb.bsky.social
Parts 1-3/3 — EFTA01557821.jpg
#epsteinweb #efta01557821
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EFTA01557811 | EFTA01557821 09 JPMorgan Chase Bank 2003 Account Number: I FINANCIAL TRUST COMPANY, INC. 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio September 01, 2003 - September 30, 2003 Page 11 of 14 IMPORTANT INFORMATION ABOUT PRIVATE INVESTMENTS: FOOTNOTES 1 - 3 continued Hedge fund redemptions are generallyon a monthly, quarterlyor annual basis but can sometimes be subj ect to a multi-yearlockup before a redemption is permitted. For redemptions, there is generallya not ification period that can be a long interval before the actual redemption date. Redemption proceeds are generallypaid 3-5 business days afterthe final NAVis issued , but can be subject to a holdback of a portion of the proceeds until an annual audit of the Fund ha s been completed. Please referto the applicablehedge fund's operativedocumentation for furtherdetails. Forhedge funds, one of two methods will be used on this statement to report how incentive fees that may be owed to the GeneralPartneror Managerare paid. The first method is called "Series of Shares an d Consolidation Method" and will allocate a new series of the hedge fund at a parvalue (e.g. 1, 100 or 1000) for everysubscription period during the yearand a dif ferentNAVwill be trackedfor each series. At the end of the applicableincentive fee period (generally the end of the year),any series for which an incentive fee is payable (i.e., the fund has a net profit or is overthe applicable"high water mark"and known as the "Consolid sting Series")will be incorporatedwith and consolidated as part of the earliestseries issued by the fund in which an investorhas subscribed for which an incentive fee is payable(the "Lead Series"). Investorsholding shares in a Consolidating Series will have theirshares redeemedfrom each ofthe Consolidating Seriesand simultaneouslybe issued additionalshares ofthe LeadS eries(basedon the NAVofthe LeadSerieson the conversion date). Any series for which an incentive fee is not payable(i.e. the fund has a net loss or is not o verthe applicable"high water mark") will remain as a separateseries until the following incentive fe e period ends (generallyat year-end),when it will again be evaluated and consolidatedas part of the LeadSeries if the previouslydescribedcriteria is met. The second method is calledthe "EqualizationMethod". "Equalization"is an accounting methodologyused to ensure that each investorin a hedge fund is paying his/her equitableallocation of incentive fees. Unlike the Seriesof Shares method, shares held by all investors are valued at the same NAV. The "EqualizationAmount" reflects an amount deducted from the subscripti on amount in order to "equalize"the incentive fees among investors investing to the Fund in the curr ent year. The "EqualizationFactor" used to determine the EqualizationAmount may varyamong investors and depends on both the date at which an investorsubscrib es to the fund and the fund's current levelofperformance. An investorwho subscribes to a fund follow ing the initial closing date will havean Equalization Amount effectivelysegregatedfrom the subscription amount utilized to purchase shares. The EqualizationAmoun t can change overtime, depending on anynew investors entering the fund as the amount is again "equal ized"to ensure each investorhas an equitable allocation of incentive fees. Note that a change in equalizationovertime can result in a negativeEqualizationAmoun t. A negativeequalizationamount implies a potential reduction in investorshares to payincentive fees to the Manager. There are two EqualizationMethods commonly used today: "Redemption Method" or "DepreciationMethod". Underboth methods, if the fund is up in value from its inception date and from the date in which an investorhas invested at the end of the applicable period (generallyyear-end)the EqualizationAmount is used by the Fund to issue additional shares to the inve stor. If the investor had invested in the fund when the fund is down in value from its inception dat e and the fund subsequently goes up in value (at or beyond the applicablehigh water mark), under the Redemption Method an investor's shares will be redeemedto pay incentive fees owed to the manager. Underthe DepreciationMethod, an amount is deducted from the subs cription amount and credited as a depreciation deposit which is then used to payincentivefees owed to the GeneralPartneror Manageron an ongoing basis. Fora dditionalinformation, referto the hedge fund's operatingdocuments. EFTA01557821
March 1, 2026 at 9:23 AM
epsteinweb.bsky.social
Parts 1-3/3 — EFTA01557810.jpg
#epsteinweb #efta01557810
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EFTA01557796 | EFTA01557810 OS J.P. Morgan Securities Inc. 2003 Account Number: FINANCIAL TRUST COMPANY, INC. 270 Park Avenue, New York, NY 10017 Margin Account Portfolio August 01, 2003 - August 31, 2003 Page 15 of 15 IMPORTANT INFORMATION ABOUT PRIVATE INVESTMENTS: FOOTNOTES 1 - 3 continued Hedge fund redemptions are generallyon a monthly, quarterlyor annual basis but can sometimes be subj ect to a multi-yearlockup before a redemption is permitted. For redemptions, there is generallya not ification period that can be a long interval before the actual redemption date. Redemption proceeds are generallypaid 3-5 business days afterthe final NAVis issued , but can be subject to a holdback of a portion of the proceeds until an annual audit of the Fund ha s been completed. Please referto the applicablehedge fund's operativedocumentation for furtherdetails. Forhedge funds, one of two methods will be used on this statement to report how incentive fees that may be owed to the GeneralPartneror Managerare paid. The first method is called "Series of Shares an d Consolidation Method" and will allocate a new series of the hedge fund at a parvalue (e.g. 1, 100 or 1000) for everysubscription period during the yearand a dif ferentNAVwill be trackedfor each series. At the end of the applicableincentive fee period (generally the end of the year),any series for which an incentive fee is payable (i.e., the fund has a net profit or is overthe applicable"high water mark"and known as the "Consolid sting Series")will be incorporatedwith and consolidated as part of the earliestseries issued by the fund in which an investorhas subscribed for which an incentive fee is payable(the "Lead Series"). Investorsholding shares in a Consolidating Series will have theirshares redeemedfrom each ofthe Consolidating Seriesand simultaneouslybe issued additionalshares ofthe LeadS eries(basedon the NAVofthe LeadSerieson the conversion date). Any series for which an incentive fee is not payable(i.e. the fund has a net loss or is not o verthe applicable"high water mark") will remain as a separateseries until the following incentive fe e period ends (generallyat year-end),when it will again be evaluated and consolidatedas part of the LeadSeries if the previouslydescribedcriteria is met. The second method is calledthe "EqualizationMethod". "Equalization"is an accounting methodologyused to ensure that each investorin a hedge fund is paying his/her equitableallocation of incentive fees. Unlike the Seriesof Shares method, shares held by all investors are valued at the same NAV. The "EqualizationAmount" reflects an amount deducted from the subscripti on amount in order to "equalize"the incentive fees among investors investing to the Fund in the curr ent year. The "EqualizationFactor" used to determine the EqualizationAmount may varyamong investors and depends on both the date at which an investorsubscrib es to the fund and the fund's current levelofperformance. An investorwho subscribes to a fund follow ing the initial closing date will havean Equalization Amount effectivelysegregatedfrom the subscription amount utilized to purchase shares. The EqualizationAmoun t can change overtime, depending on anynew investors entering the fund as the amount is again "equal ized"to ensure each investorhas an equitable allocation of incentive fees. Note that a change in equalizationovertime can result in a negativeEqualizationAmoun t. A negativeequalizationamount implies a potential reduction in investorshares to payincentive fees to the Manager. There are two EqualizationMethods commonly used today: "Redemption Method" or "DepreciationMethod". Underboth methods, if the fund is up in value from its inception date and from the date in which an investorhas invested at the end of the applicable period (generallyyear-end)the EqualizationAmount is used by the Fund to issue additional shares to the inve stor. If the investor had invested in the fund when the fund is down in value from its inception dat e and the fund subsequently goes up in value (at or beyond the applicablehigh water mark), under the Redemption Method an investor's shares will be redeemedto pay incentive fees owed to the manager. Underthe DepreciationMethod, an amount is deducted from the subs cription amount and credited as a depreciation deposit which is then used to payincentivefees owed to the GeneralPartneror Manageron an ongoing basis. Fora dditionalinformation, referto the hedge fund's operatingdocuments. EFTA01557810
March 1, 2026 at 9:23 AM
epsteinweb.bsky.social
Parts 1-3/3 — EFTA01557795.jpg
#epsteinweb #efta01557795
https://epsteinweb.org
Available in the iOS app store now!
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EFTA01557782 | EFTA01557795 07 J.P. Morgan Securities Inc. 2003 Account Number: FINANCIAL TRUST COMPANY, INC. 270 Park Avenue, New York, NY 10017 Margin Account Portfolio July 01, 2003 - July 31, 2003 Page 14 of 14 IMPORTANT INFORMATION ABOUT PRIVATE INVESTMENTS: FOOTNOTES 1 - 3 continued Hedge fund redemptions are generallyon a monthly, quarterlyor annual basis but can sometimes be subj ect to a multi-yearlockup before a redemption is permitted. For redemptions, there is generallya not ification period that can be a long interval before the actual redemption date. Redemption proceeds are generallypaid 3-5 business days afterthe final NAVis issued , but can be subject to a holdback of a portion of the proceeds until an annual audit of the Fund ha s been completed. Please referto the applicablehedge fund's operativedocumentation for furtherdetails. Forhedge funds, one of two methods will be used on this statement to report how incentive fees that may be owed to the GeneralPartneror Managerare paid. The first method is called "Series of Shares an d Consolidation Method" and will allocate a new series of the hedge fund at a parvalue (e.g. 1, 100 or 1000) for everysubscription period during the yearand a dif ferentNAVwill be trackedfor each series. At the end of the applicableincentive fee period (generally the end of the year),any series for which an incentive fee is payable (i.e., the fund has a net profit or is overthe applicable"high water mark"and known as the "Consolid sting Series")will be incorporatedwith and consolidated as part of the earliestseries issued by the fund in which an investorhas subscribed for which an incentive fee is payable(the "Lead Series"). Investorsholding shares in a Consolidating Series will have theirshares redeemedfrom each ofthe Consolidating Seriesand simultaneouslybe issued additionalshares ofthe LeadS eries(basedon the NAVofthe LeadSerieson the conversion date). Any series for which an incentive fee is not payable(i.e. the fund has a net loss or is not o verthe applicable"high water mark") will remain as a separateseries until the following incentive fe e period ends (generallyat year-end),when it will again be evaluated and consolidatedas part of the LeadSeries if the previouslydescribedcriteria is met. The second method is calledthe "EqualizationMethod". "Equalization"is an accounting methodologyused to ensure that each investorin a hedge fund is paying his/her equitableallocation of incentive fees. Unlike the Seriesof Shares method, shares held by all investors are valued at the same NAV. The "EqualizationAmount" reflects an amount deducted from the subscripti on amount in order to "equalizenthe incentive fees among investors investing to the Fund in the curr ent year. The "EqualizationFactor" used to determine the EqualizationAmount may varyamong investors and depends on both the date at which an investorsubscrib es to the fund and the fund's current levelofperformance. An investorwho subscribes to a fund follow ing the initial closing date will havean Equalization Amount effectivelysegregatedfrom the subscription amount utilized to purchase shares. The EqualizationAmoun t can change overtime, depending on anynew investors entering the fund as the amount is again "equal ized"to ensure each investorhas an equitable allocation of incentive fees. Note that a change in equalizationovertime can result in a negativeEqualizationAmoun t. A negativeequalizationamount implies a potential reduction in investorshares to payincentive fees to the Manager. There are two EqualizationMethods commonly used today: "Redemption Method" or "DepreciationMethod". Underboth methods, if the fund is up in value from its inception date and from the date in which an investorhas invested at the end of the applicable period (generallyyear-end)the EqualizationAmount is used by the Fund to issue additional shares to the inve stor. If the investor had invested in the fund when the fund is down in value from its inception dat e and the fund subsequently goes up in value (at or beyond the applicablehigh water mark), under the Redemption Method an investor's shares will be redeemedto pay incentive fees owed to the manager. Underthe DepreciationMethod, an amount is deducted from the subs cription amount and credited as a depreciation deposit which is then used to payincentivefees owed to the GeneralPartneror Manageron an ongoing basis. Fora dditionalinformation, referto the hedge fund's operatingdocuments. EFTA01557795
March 1, 2026 at 9:22 AM
epsteinweb.bsky.social
Parts 1-3/3 — EFTA01557780.jpg
#epsteinweb #efta01557780
https://epsteinweb.org
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EFTA01557769 | EFTA01557780 06 JPMorgan Chase Bank 2003 Account Number: FINANCIAL TRUST COMPANY, INC. 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2003 - June 30, 2003 Page 10 of 10 IMPORTANT INFORMATION ABOUT PRIVATE INVESTMENTS: FOOTNOTES 1 3 continued Hedge fund redemptions are generallyon a monthly, quarterlyor annual basis but can som etimes be subject to a multi-yearlockup before a redemption is permitted. For redempti ons, there is generallya notification period that can be a long interval before the ac tual redemption date. Redemption proceeds are generallypaid 3-5 business days afterthe fina 1 NAVis issued, but can be subject to a holdback of a portion of the proceeds until an annual audit of the Fund has been completed. Please referto the applicablehedge fund' operativedocumentation for furtherdetails. Forhedge funds, one of two methods will be used on this statement to report how incent ive fees that may be owed to the GeneralPartneror Managerare paid. The first method is called "Series of Shares and Consolidation Method" and will allocate a new series of the hedge fund at a parvalue (e.g. 1, 100 or 1000) for everysubscription period during the yearand a differentNAVwill be trackedfor each series. At the end of the applicableinc entive fee period (generallythe end of the year),any series for which an incentive fee is payable (i.e., the fund has a net profit or is overthe applicable"high water mark"and known as the "Consolidating Series")will be incorporatedwith and consolidated as part of the e arliestseries issued by the fund in which an investorhas subscribed for which an incen tive fee is payable(the "Lead Series"). Investorsholding shares in a Consolidating Series will hav e theirshares redeemedfrom each ofthe Consolidating Seriesand simultaneouslybe issued additionalshares ofthe LeadSeries(basedon the NAVofthe LeadSerieson the conversion date). Any series for which an incentive fee is not payable(i.e. the fund has a net lo ss or is not overthe applicablehigh water mark") will remain as a separateseries unti 1 the following incentive fee period ends (generallyat year-end),when it will again be evaluated and consolidatedas part of the LeadSeries if the previouslydescribedcriteria is met. The second method is calledthe "EqualizationMethod". "Equalization"is an accounting me thodologyused to ensure that each investorin a hedge fund is paying his/her equitablea llocation of incentive fees. Unlike the Seriesof Shares method, shares held by all inv estors are valued at the same NAV. The "EqualizationAmount" reflects an amount deducted from the subscription amount in order to "equalize"the incentive fees among investors inves ting to the Fund in the current year. The "EqualizationFactor" used to determine the EqualizationAmount may varyamong investors and depends on both the date at which an in vestorsubscribes to the fund and the fund's current levelofperformance. An investorwho subscribes to a fund following the initial closing date will havean Equalization Amou nt effectivelysegregatedfrom the subscription amount utilized to purchase shares. The Equ alizationAmount can change overtime, depending on anynew investors entering the fund a s the amount is again "equalized"to ensure each investorhas an equitable allocation of incentive fees. Note that a change in equalizationovertime can result in a negativeEqu alizationAmount. A negativeequalizationamount implies a potential reduction in investo rshares to payincentive fees to the Manager. There are two EqualizationMethods commonly used today: "Redemption Method" or "Depreci ationMethod". Underboth methods, if the fund is up in value from its inception date an d from the date in which an investorhas invested at the end of the applicable period (generallyyear-end)the EqualizationAmount is used by the Fund to issue additional shar es to the investor. If the investor had invested in the fund when the fund is down in value from its inception date and the fund subsequently goes up in value (at or beyond the applicablehigh water mark), under the Redemption Method an investor's shares will be r edeemedto pay incentive fees owed to the manager. Underthe DepreciationMethod, an amou nt is deducted from the subscription amount and credited as a depreciation deposit which is then used to payincentivefees owed to the GeneralPartneror Manageron an ongoi EFTA01557780
March 1, 2026 at 9:21 AM
epsteinweb.bsky.social
Parts 1-3/3 — EFTA01557767.jpg
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https://epsteinweb.org
Available in the iOS app store now!
https://apps.apple.com/us/app/epstein-web/id6758880661
EFTA01557757 | EFTA01557767 05 JPMorgan Chase Bank 2003 Account Number: FINANCIAL TRUST COMPANY, INC. 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio May 01, 2003 - May 31, 2003 Page 9 of 9 IMPORTANT INFORMATION ABOUT PRIVATE INVESTMENTS: FOOTNOTES 1 3 continued Hedge fund redemptions are generallyon a monthly, quarterlyor annual basis but can som etimes be subject to a multi-yearlockup before a redemption is permitted. For redempti ons, there is generallya notification period that can be a long interval before the ac tual redemption date. Redemption proceeds are generallypaid 3-5 business days afterthe fina 1 NAVis issued, but can be subject to a holdback of a portion of the proceeds until an annual audit of the Fund has been completed. Please referto the applicablehedge fund' operativedocumentation for furtherdetails. Forhedge funds, one of two methods will be used on this statement to report how incent ive fees that may be owed to the GeneralPartneror Managerare paid. The first method is called "Series of Shares and Consolidation Method" and will allocate a new series of the hedge fund at a parvalue (e.g. 1, 100 or 1000) for everysubscription period during the yearand a differentNAVwill be trackedfor each series. At the end of the applicableinc entive fee period (generallythe end of the year),any series for which an incentive fee is payable (i.e., the fund has a net profit or is overthe applicable"high water mark"and known as the "Consolidating Series")will be incorporatedwith and consolidated as part of the e arliestseries issued by the fund in which an investorhas subscribed for which an incen tive fee is payable(the "Lead Series"). Investorsholding shares in a Consolidating Series will hav e theirshares redeemedfrom each ofthe Consolidating Seriesand simultaneouslybe issued additionalshares ofthe LeadSeries(basedon the NAVofthe LeadSerieson the conversion date). Any series for which an incentive fee is not payable(i.e. the fund has a net lo ss or is not overthe applicablehigh water mark") will remain as a separateseries unti 1 the following incentive fee period ends (generallyat year-end),when it will again be evaluated and consolidatedas part of the LeadSeries if the previouslydescribedcriteria is met. The second method is calledthe "EqualizationMethod". "Equalization"is an accounting me thodologyused to ensure that each investorin a hedge fund is paying his/her equitablea llocation of incentive fees. Unlike the Seriesof Shares method, shares held by all inv estors are valued at the same NAV. The "EqualizationAmount" reflects an amount deducted from the subscription amount in order to "equalize"the incentive fees among investors inves ting to the Fund in the current year. The "EqualizationFactor" used to determine the EqualizationAmount may varyamong investors and depends on both the date at which an in vestorsubscribes to the fund and the fund's current levelofperformance. An investorwho subscribes to a fund following the initial closing date will havean Equalization Amou nt effectivelysegregatedfrom the subscription amount utilized to purchase shares. The Equ alizationAmount can change overtime, depending on anynew investors entering the fund a s the amount is again "equalized"to ensure each investorhas an equitable allocation of incentive fees. Note that a change in equalizationovertime can result in a negativeEqu alizationAmount. A negativeequalizationamount implies a potential reduction in investo rshares to payincentive fees to the Manager. There are two EqualizationMethods commonly used today: "Redemption Method" or "Depreci ationMethod". Underboth methods, if the fund is up in value from its inception date an d from the date in which an investorhas invested at the end of the applicable period (generallyyear-end)the EqualizationAmount is used by the Fund to issue additional shar es to the investor. If the investor had invested in the fund when the fund is down in value from its inception date and the fund subsequently goes up in value (at or beyond the applicablehigh water mark), under the Redemption Method an investor's shares will be r edeemedto pay incentive fees owed to the manager. Underthe DepreciationMethod, an amou nt is deducted from the subscription amount and credited as a depreciation deposit which is then used to payincentivefees owed to the GeneralPartneror Manageron an ongoi EFTA01557767
March 1, 2026 at 9:21 AM
epsteinweb.bsky.social
Parts 1-3/3 — EFTA01557755.jpg
#epsteinweb #efta01557755
https://epsteinweb.org
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EFTA01557743 | EFTA01557755 04 JPMorgan Chase Bank 2003 Account Number: FINANCIAL TRUST COMPANY, INC. 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio April 01, 2003 - April 30, 2003 Page 10 of 10 IMPORTANT INFORMATION ABOUT PRIVATE INVESTMENTS: FOOTNOTES 1 3 continued Hedge fund redemptions are generallyon a monthly, quarterlyor annual basis but can som etimes be subject to a multi-yearlockup before a redemption is permitted. For redempti ons, there is generallya notification period that can be a long interval before the ac tual redemption date. Redemption proceeds are generallypaid 3-5 business days afterthe fina 1 NAVis issued, but can be subject to a holdback of a portion of the proceeds until an annual audit of the Fund has been completed. Please referto the applicablehedge fund' operativedocumentation for furtherdetails. Forhedge funds, one of two methods will be used on this statement to report how incent ive fees that may be owed to the GeneralPartneror Managerare paid. The first method is called "Series of Shares and Consolidation Method" and will allocate a new series of the hedge fund at a parvalue (e.g. 1, 100 or 1000) for everysubscription period during the yearand a differentNAVwill be trackedfor each series. At the end of the applicableinc entive fee period (generallythe end of the year),any series for which an incentive fee is payable (i.e., the fund has a net profit or is overthe applicable"high water mark"and known as the "Consolidating Series")will be incorporatedwith and consolidated as part of the e arliestseries issued by the fund in which an investorhas subscribed for which an incen tive fee is payable(the "Lead Series"). Investorsholding shares in a Consolidating Series will hav e theirshares redeemedfrom each ofthe Consolidating Seriesand simultaneouslybe issued additionalshares ofthe LeadSeries(basedon the NAVofthe LeadSerieson the conversion date). Any series for which an incentive fee is not payable(i.e. the fund has a net lo ss or is not overthe applicablehigh water mark") will remain as a separateseries unti 1 the following incentive fee period ends (generallyat year-end),when it will again be evaluated and consolidatedas part of the LeadSeries if the previouslydescribedcriteria is met. The second method is calledthe "EqualizationMethod". "Equalization"is an accounting me thodologyused to ensure that each investorin a hedge fund is paying his/her equitablea llocation of incentive fees. Unlike the Seriesof Shares method, shares held by all inv estors are valued at the same NAV. The "EqualizationAmount" reflects an amount deducted from the subscription amount in order to "equalize"the incentive fees among investors inves ting to the Fund in the current year. The "EqualizationFactor" used to determine the EqualizationAmount may varyamong investors and depends on both the date at which an in vestorsubscribes to the fund and the fund's current levelofperformance. An investorwho subscribes to a fund following the initial closing date will havean Equalization Amou nt effectivelysegregatedfrom the subscription amount utilized to purchase shares. The Equ alizationAmount can change overtime, depending on anynew investors entering the fund a s the amount is again "equalized"to ensure each investorhas an equitable allocation of incentive fees. Note that a change in equalizationovertime can result in a negativeEqu alizationAmount. A negativeequalizationamount implies a potential reduction in investo rshares to payincentive fees to the Manager. There are two EqualizationMethods commonly used today: "Redemption Method" or "Depreci ationMethod". Underboth methods, if the fund is up in value from its inception date an d from the date in which an investorhas invested at the end of the applicable period (generallyyear-end)the EqualizationAmount is used by the Fund to issue additional shar es to the investor. If the investor had invested in the fund when the fund is down in value from its inception date and the fund subsequently goes up in value (at or beyond the applicablehigh water mark), under the Redemption Method an investor's shares will be r edeemedto pay incentive fees owed to the manager. Underthe DepreciationMethod, an amou nt is deducted from the subscription amount and credited as a depreciation deposit which is then used to payincentivefees owed to the GeneralPartneror Manageron an ongoi EFTA01557755
March 1, 2026 at 9:20 AM
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EFTA01557727 | EFTA01557741 03 JPMorgan Chase Bank 2003 Account Number: FINANCIAL TRUST COMPANY, INC. 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio March 01, 2003 - March 31, 2003 Page 12 of 12 IMPORTANT INFORMATION ABOUT PRIVATE INVESTMENTS: FOOTNOTES 1 3 continued Hedge fund redemptions are generallyon a monthly, quarterlyor annual basis but can som etimes be subject to a multi-yearlockup before a redemption is permitted. For redempti ons, there is generallya notification period that can be a long interval before the ac tual redemption date. Redemption proceeds are generallypaid 3-5 business days afterthe fina 1 NAVis issued, but can be subject to a holdback of a portion of the proceeds until an annual audit of the Fund has been completed. Please referto the applicablehedge fund' operativedocumentation for furtherdetails. Forhedge funds, one of two methods will be used on this statement to report how incent ive fees that may be owed to the GeneralPartneror Managerare paid. The first method is called "Series of Shares and Consolidation Method" and will allocate a new series of the hedge fund at a parvalue (e.g. 1, 100 or 1000) for everysubscription period during the yearand a differentNAVwill be trackedfor each series. At the end of the applicableinc entive fee period (generallythe end of the year),any series for which an incentive fee is payable (i.e., the fund has a net profit or is overthe applicable"high water mark"and known as the "Consolidating Series")will be incorporatedwith and consolidated as part of the e arliestseries issued by the fund in which an investorhas subscribed for which an incen tive fee is payable(the "Lead Series"). Investorsholding shares in a Consolidating Series will hav e theirshares redeemedfrom each ofthe Consolidating Seriesand simultaneouslybe issued additionalshares ofthe LeadSeries(basedon the NAVofthe LeadSerieson the conversion date). Any series for which an incentive fee is not payable(i.e. the fund has a net lo ss or is not overthe applicablehigh water mark") will remain as a separateseries unti 1 the following incentive fee period ends (generallyat year-end),when it will again be evaluated and consolidatedas part of the LeadSeries if the previouslydescribedcriteria is met. The second method is calledthe "EqualizationMethod". "Equalization"is an accounting me thodologyused to ensure that each investorin a hedge fund is paying his/her equitablea llocation of incentive fees. Unlike the Seriesof Shares method, shares held by all inv estors are valued at the same NAV. The "EqualizationAmount" reflects an amount deducted from the subscription amount in order to "equalize"the incentive fees among investors inves ting to the Fund in the current year. The "EqualizationFactor" used to determine the EqualizationAmount may varyamong investors and depends on both the date at which an in vestorsubscribes to the fund and the fund's current levelofperformance. An investorwho subscribes to a fund following the initial closing date will havean Equalization Amou nt effectivelysegregatedfrom the subscription amount utilized to purchase shares. The Equ alizationAmount can change overtime, depending on anynew investors entering the fund a s the amount is again "equalized"to ensure each investorhas an equitable allocation of incentive fees. Note that a change in equalizationovertime can result in a negativeEqu alizationAmount. A negativeequalizationamount implies a potential reduction in investo rshares to payincentive fees to the Manager. There are two EqualizationMethods commonly used today: "Redemption Method" or "Depreci ationMethod". Underboth methods, if the fund is up in value from its inception date an d from the date in which an investorhas invested at the end of the applicable period (generallyyear-end)the EqualizationAmount is used by the Fund to issue additional shar es to the investor. If the investor had invested in the fund when the fund is down in value from its inception date and the fund subsequently goes up in value (at or beyond the applicablehigh water mark), under the Redemption Method an investor's shares will be r edeemedto pay incentive fees owed to the manager. Underthe DepreciationMethod, an amou nt is deducted from the subscription amount and credited as a depreciation deposit which is then used to payincentivefees owed to the GeneralPartneror Manageron an ongoi EFTA01557741
March 1, 2026 at 9:19 AM
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EFTA01557715 | EFTA01557725 02 JPMorgan Chase Bank 2003 Account Number: FINANCIAL TRUST COMPANY, INC. 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio February 01, 2003 - February 28, 2003 Page 9 of 9 IMPORTANT INFORMATION ABOUT PRIVATE INVESTMENTS: FOOTNOTES 1 3 continued Hedge fund redemptions are generallyon a monthly, quarterlyor annual basis but can som etimes be subject to a multi-yearlockup before a redemption is permitted. For redempti ons, there is generallya notification period that can be a long interval before the ac tual redemption date. Redemption proceeds are generallypaid 3-5 business days afterthe fina 1 NAVis issued, but can be subject to a holdback of a portion of the proceeds until an annual audit of the Fund has been completed. Please referto the applicablehedge fund' operativedocumentation for furtherdetails. Forhedge funds, one of two methods will be used on this statement to report how incent ive fees that may be owed to the GeneralPartneror Managerare paid. The first method is called "Series of Shares and Consolidation Method" and will allocate a new series of the hedge fund at a parvalue (e.g. 1, 100 or 1000) for everysubscription period during the yearand a differentNAVwill be trackedfor each series. At the end of the applicableinc entive fee period (generallythe end of the year),any series for which an incentive fee is payable (i.e., the fund has a net profit or is overthe applicable"high water mark"and known as the "Consolidating Series")will be incorporatedwith and consolidated as part of the e arliestseries issued by the fund in which an investorhas subscribed for which an incen tive fee is payable(the "Lead Series"). Investorsholding shares in a Consolidating Series will hav e theirshares redeemedfrom each ofthe Consolidating Seriesand simultaneouslybe issued additionalshares ofthe LeadSeries(basedon the NAVofthe LeadSerieson the conversion date). Any series for which an incentive fee is not payable(i.e. the fund has a net lo ss or is not overthe applicablehigh water mark") will remain as a separateseries unti 1 the following incentive fee period ends (generallyat year-end),when it will again be evaluated and consolidatedas part of the LeadSeries if the previouslydescribedcriteria is met. The second method is calledthe "EqualizationMethod". "Equalization"is an accounting me thodologyused to ensure that each investorin a hedge fund is paying his/her equitablea llocation of incentive fees. Unlike the Seriesof Shares method, shares held by all inv estors are valued at the same NAV. The "EqualizationAmount" reflects an amount deducted from the subscription amount in order to "equalize"the incentive fees among investors inves ting to the Fund in the current year. The "EqualizationFactor" used to determine the EqualizationAmount may varyamong investors and depends on both the date at which an in vestorsubscribes to the fund and the fund's current levelofperformance. An investorwho subscribes to a fund following the initial closing date will havean Equalization Amou nt effectivelysegregatedfrom the subscription amount utilized to purchase shares. The Equ alizationAmount can change overtime, depending on anynew investors entering the fund a s the amount is again "equalized"to ensure each investorhas an equitable allocation of incentive fees. Note that a change in equalizationovertime can result in a negativeEqu alizationAmount. A negativeequalizationamount implies a potential reduction in investo rshares to payincentive fees to the Manager. There are two EqualizationMethods commonly used today: "Redemption Method" or "Depreci ationMethod". Underboth methods, if the fund is up in value from its inception date an d from the date in which an investorhas invested at the end of the applicable period (generallyyear-end)the EqualizationAmount is used by the Fund to issue additional shar es to the investor. If the investor had invested in the fund when the fund is down in value from its inception date and the fund subsequently goes up in value (at or beyond the applicablehigh water mark), under the Redemption Method an investor's shares will be r edeemedto pay incentive fees owed to the manager. Underthe DepreciationMethod, an amou nt is deducted from the subscription amount and credited as a depreciation deposit which is then used to payincentivefees owed to the GeneralPartneror Manageron an ongoi EFTA01557725
March 1, 2026 at 9:19 AM