EFTA00621964.pdf

Recap of April Cashflow Activity and Projection: LB accessed funds from B of A line of credit for 4/15 tax payment, will repay after 4/24 annuity payment 4/11/2014 drawdown of Distribution New balances %owned BFP Partner Balances BofA credit line from BFP 4/15 post distrib 35.1959 GRAT 1 28,071,992 28,156,900 56,228,892 31.7873 GRAT 2 25,429,900 25,429,900 5.2968 GRAT 3 4,237,100 4,237,100 12.5498 1997 TR 3,925,312 10,039,900 5,770,079 7.1685 LDB 2011 LLC 14,000,000 5,734,800 19,734,800 6.401,400 8.0017 L Black 73,857,123 30,000,000 100.000 119,896,167 Current 4/14 Dist to LPs. Black Family Partners $76mi1 ($72mi1) Cash portion 25-Apr 4/15 tax pay 4/24 Annuity Loan repay (56,000,000) 228,892 25,429,900 4,237,100 5,770,079 19,734,800 26-Apr Balance 110,258,523 (102,900,000) 56,000,000 (30,012,000) 33,346,523 80,000,000 221,659,294 *assumes repay of $8mi1 note+int by 1997 Trust to BFP 4/15 balance 4/25 loan repay 4/25 balance 4.0mil $26mi1 30mi1 2-Jun Cont'd 26-Apr $88mi1 dist %owned BFP Partner balance from BFP" 6/3 cash bal 32.6954E GRAT 1 228,712 28,772,000 29,000,712 31.7873 GRAT 2 25,429,900 27,972,900 53,402,800 5.2968 GRAT 3 4,237,100 4,661,200 8,898,300 12.5498 1997 TR 5,770,079 11,044,000 16,814,079 7.169 LDB 2011 LLC 19,734,800 6,309,000 26,043,800 1,240,900 10.5017E L Black 33,346,523 APO GRAT 2 & 3 6/3 cash annuity 6/4 balance 29,000,712 (53,300,000) 102,800 198,300 16,814,079 26,043,800 (8,700,000) 34,587,423 62,000,000 96,587,423 100 88,747,114 80,000,000 168,747,114 E-this assumes Leon holds the 2.5% BFP interests he receives on 4/24 annuity ••assumes $8mi1 note repay by LDB to BFP (leaving remaining note balance of $34mi1) 4/25 cash bal BRH DIV 5 Black Family Partners $30mil $77mil 28 Dist to LPs 6/2 (80mil) 4/26 balance BFP dist 6/2 Projected cash L Black $33mi1 $1.2mil 6/4 balance $27mil 168,747,114 6/3 annuity pay 6/4 balance $62mi1 $96.2m11 less $25mil for est tax 6/15= $71.2m11 88,747,294 EFTA00621964 LDB prof personal cash-2H of 2014 Leon 6/16/14 balance $71mil Addl cash to be recd- May and Nov BRH div-est $120mil Colnvest Inc-est $50mi1 $170mil 80% of this cash recd to be pd to LDB via annuity payments $136mi1 plus current cash in GRAT 1 $ 29mil less est tax pays Jun & Sept (550mil) less charitable commitments (15mil) less professional fees (30mil) less other for exp bal of year 120mill Proj 12/31/14 balance $121mil EFTA00621965 Location of cash across Black Complex: post 4/24 25-Apr 26-Apr 4-Jun 15-Jun 16-Jun BFP LPs 4/17 cash bal annul loan repay balances balances est tax pay balances Leon Black $ 6.0mil $62mi1 $30mi1 $32mi1 $96.6m11 $25m11 $72mi1 1997 Trust $ 5.8mi1 $5.8mi1 $ 5.8m11 $16.8mi1 $16.8m11 LDB 2011 LLC $14.0 mil $19.7m11 $19.7m11 $26.Omil $26.0mil GRAT 1 $56.Omil $228k $228k $29.Omil $29.0mil GRAT 2 $25.6mi1 $25m11 $25mi1 $102k $102k GRAT 3 $ 4.2m11 $4.2mi1 $4.2mi1 $198k $198k Black Family Ptrs $ 4.3mi1 $ 4.3mi1 $30mi1 $34mi1 $27mi1 $27m11 APO 1 Trust $3.1mil this trust will receive$40mi1 addl cash as COF liquidates $3.1mil Debra Black JPM $6.1mil $6.1mil Debra Black Bof A $5.6mi1 $5.6mi1 Leon & Debra DFD $18.Omil proceeds of boat loan-$10.4mi1 to be used for Athene 4/30 $8.0mil Trusts formed 12/31/12: $4.1mil $4.1mil $5.12mil $5.12mil $5.12mil $5.12mil $5.12mil $5.12mil $5.12mil $5.12mil Self settled trusts: I=2 010 Tr $3.2mil $3.2mi1 2011 Tr $5.9m11 $5.9m11 TOTAL CASH $182m11 $226m11 EFTA00621966 ASSET SUMMARY 4/16/14* Leon & Debra Black LOB 2011 LLC 1997 Black Family Trust APO 1 TRUST 2012 Trust Black Family Partners 10.4% interest in BFP $ 300mi1 7.2% Interest in BFP $205m11 12.8% Interest BFP $366 mil Note due from LD8 $1.64 bit Tron Trust $5m11 Cash $ 4.0m3 Yggdrasil Trust $5m11 Cash at USTrust: $ 6 mil Art $47 mil Art $398 mil Art $166 mil Grande Trust $5mil 44%Interest BRH Hldgs$2.541bi1 Cash&Mkt Sec at JPM $13mil Rollo Tomasi Trust $5mi1 Apollo Colnvest III $2.0 mil GRAT AnnuityReceivables1.595bil Cash at JP Morgan $14 mil Cash at US Trust $5.7 mil Cash at US Trust $3mi1 Mallory Trust Semi! Apollo Colnvest IV $46k (Note payable due to BFP $42mil) Stocks held at JPM $3 mil Cash/Stocks at BS/JPM $0.6mi1 Note due from 1997 Trust $86.6m11 Apollo Colnvest V $3.9 mil (Note payable to APO 1 Tr $1.64bi1) Apollo Colnvest VI $42.2 mil (Note payable to LBF $86.6m11) L8F Holdings: Apollo Value Colnvest $7.8 mil Narrows Holdings $1.638bil Investment Partnershios:$26mi (Bal due for OFH Purchase8.3mil) Apollo Investment Corp $ 7m11 SOMA Colnvest $2.8 mil BronzesBooksCollectibles$361mil AP Technology PartnersLLC 0.68 Apollo Credit Oppor Fd $40 nS AP Alternative Assets $0.6mi1 HH Personal Properly $23mil AP SHL Investors LLC Investment Securities: $11.3mn $1.896bil Jewelry $41mil Apok RE Investment Fund Buckingham RAF Ptri $11.3mil Life Insurance Investment Securities: $115.7 mil Starfire $26mil AREIF III Transfer Members LLC ape; 4 1- 444 AMC I DU TH l.OV 4Z /MA Lone Cascade LP $35.0mi1 Avioneta Holdings $25mil BHM Investors Phaidon investment $54mi1 King Street Capital $100k AP Alternative Assets 522m11 M-Clift Partners .231 AINV shs dist fr AIC $6.6mil AP InvestmentEurope Ltd $25k Microbes Investors LLC Real Estate: $28.3mi1 Anchorage Capital Ptrs $16.5m11 Remainderman Investors LLC .3 SH Meadow Lane LLC $8.3mil Millennium Group $23.6m11 Investment Partnerships $3mi1 AREIF Colnv IV 101 Warren Street LLC $3.5mi1 CanyonValueRealizalion $17.6mil Apollo IF/EU Advisors&Colnvest Viroproto Investors LLC OFH LLC $16.5mil EC' II $16mil Apollo Advisors III Apollo FCI Colnv 25.1 APOI GRAT ESVVW 14,389 shares Apollo Mezz Advisors Apollo Investment Fd Investment Partnerships: $6.5mil 32.7% Interest in BFP $938mil Apollo Men CoInvestors Excelsior Advisors Searchlight Capital 0.59 Apollo Advisors II AREIF III Colnvest LLC Annuity payable ($747m11) Investment Partnershios:$60 mil iCrete LLC $1.3 mil Apollo El II Colnvest LLC AREIF IV Colnvest LLC Knowledge Universe LP$33.7mil Apollo RE V Colnvest LLC Phaidon investment $10m11 Apollo RE Advisors IV, LP APO 1 GRAT 2 Wolfensohn Cap Ptrs $2.6mi1 Apollo Real Estate Cap Partners Apollo RE Advisors III, LP 31.8% Interest in BFP $912mil SustainableWoodlands $18.8mi1 Apollo Real Estate Fund LP BlueStar I. LLC $0.121 mil Annuity payable ($708mi1) HAO Capital Fund LP $3.2mil AP AR Holden 0.636 Dune Real Estate Fund LLC 2.3 Ten Fore HIdgs $300k AP Technology 0.41 Gifthorse Ptrs LLC .227 APO1 GFtAT 3 Rally Labs $ 200k AP SHL 0.02 Quadrangle Cap Ptrs II 2.556 5.3% Interest in BFP $152m11 AP PropCo .913 Markstone Cap Ptrs .212 Annuity payable (140m11 E) Note due from LDS $42mi1 Residual Inv Corp l&II ProQuest Investments .131 Note due from Narrows $25mi1 Pegasus Partners LP Blue Sunshine Note due from PLB LLC $3.2mil Multiple Theatre related LLCs AP Energy Partners Cony note-Rgenix $100k Cony note-ESWW $2.9mi1 Real Estate $103mil 1997 Black Family GST Exempt Trust Credit line to Phaidon 52.5mil Cash at US Trust S 0 (An Loan $470mil) Phaidon investment $3mi1 (Avioneta $23.2mil) (Starfire loan $18mil) Total Value $2.02 bll Total Value $305mil Total Value $750 mil Total Value $2.346bi1 Total Value $52mi1 Total Value $2.856bil 'AGM shs at $27.40, marketable securities valued at 12/31113 Investment Partnerships based on most recent K-1 where interim mkt values are not available NET WORTH $5.47 bil EFTA00621967