EFTA02481008.pdf

From: jeffrey E. <jeevacation@gmail.com> Sent: Thursday, November 5, 2015 7:43 PM To: Brad Wechsler Subject: Re: 20 minutes with him on phone no answer, =ot even close to answer. simple question, he said =he best he had was what you wrote but that did not include a deduction tha= would come along with it. it also didn't break down =ordinanary vs capital. no useful answe= at all. i asked him to get an answer , anotther 15 minu=es On =hu, Nov 5, 2015 at 2:08 PM, Brad Wechsler wrote: I'm going to give you a longer answer than u=want. Because leon's basis in the stock is a function many moving part=: loans, distributions, stock payments to employees, etc, etc, we can tell you the tax due at a hypothetical date of 12/31/14, the date u=on which apollo makes all its calculations. Its possible apollo tracks bas=s whenever an event occurs that impacts basis but they don't share tha= info with us. Obviously, were we sell stock on a date certain, eg, 11/1/15, it would be incumbent upon them to m=ke all the calculations and provide them to us. With more certainty we can=say its $20 plus the per share amt of the negative basis of $250mm (or rou=hly $2.70/share plus, and as pointed out above, the variations since 12/31/14). Rich is still digging into the =015 variations with heightened specificity; but a starting pt we know we&#=9;re talking a tax gain of $22.70 which be increased or reduced as a funct=on 2015 events. Pls call rich for more complete details and insight, including the characte= of the income. Best, b From: jeffrey E. [mailto:jeevacation@gmail.com <mailto:jeevacation@g=ail.com> Sent: Thursday, November 05, 2015 01:13 PM To: Brad Wechsler; Richard Joslin e cniailto Subject: I know everyone is busy, but have we found an =nswer an calculation to the quesiton if leon were to sell 1 million shares=of apollo at 20. today what would his tax be and how woudl it=be determined please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to jeevacation@gmail.com <mailto:jeevacation@gmail.com> , and EFTA_R1_01597216 EFTA02481008 destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved www.imax.com <http://www.imax.c=m> IMAM' is a registered trademark of IMAX Corporation. IMPORTANT NOTICE Information contained in this e-mail correspondence and any attachments is =onfidential information intended only for the use of the individual or ent=ty named above. Any reader of this message who is not the intended recipient of this corres=ondence is hereby notified that any dissemination, distribution, copying or communication of the contents of this correspondence is strictly prohibi=ed. If this e-mail was not addressed to you , please immediately notify us=br> by phone in Canada at (905) 403-6500 <tel:%28905%29%20403-6500> (collect calls will be accepted= or by email at we=master@imax.com <mailto:webmaster@imax.com> and delete and destroy this correspondence inadvertently sent to you. Thank you please =ote The information contained in this communication is confiden=ial, may be attorney-client privileged, may constitute inside informati=n, and is intended only for the use of the addressee. It is the propert= of JEE Unauthorized use, disclosure or copying of this communica=ion or any part thereof is strictly prohibited and may be unlawful. If =ou have received this communication in error, please notify us immediat=ly by return e-mail or by e-mail to jeevacation@gmail.com <mailto:jeevacation@gmail=com> , and destroy this comm=nication and all copies thereof, including all attachments. copyright -=11 rights reserved 2 EFTA_R1_01597217 EFTA02481009