From: Richard Joslin -4 To: jeffrey E. <[email protected]> Subject: Re: Date: Thu, 21 May 2015 12:27:29 +0000 I would say yes. However the investment partnerships of size are held by BFP. Some administrative red tape to assign but manageable. LDB owns AP Alternative Assets that is appropriate size but this is an Apollo asset As for redemption, BFP can give notice by May 31 to withdraw $25mm from Loan Cascade as of June 30. The balance of BFP hedge funds have calendar annual withdrawal dates or a June 30 withdrawal date for which there is 90 day notice requirement. On May 21, 2015, at 6:31 AM. jeffrey E. <[email protected]> wrote: he can assign a Ip interest ? On Thu, May 21, 2015 at 12:39 AM, Richard Joslin wrote: I spent a good deal of time on this. Given the Picasso purchase and the timing of these payments, LDB cash availability is limited if he is to also make brokerage funding of $15mm and fund APOI interest on note ($20mm). I am also assuming that DRB cash of $13mm will not be used for this purpose. I am also assuming APO cash distributions of $0.35 (August) and $0.34 (Nov) which exceed the $0.33 distribution in May. BFP cash can be used but this would reduce BFP distributions and impair LDB cash flow to pay for the above. Last, I am assuming art loan draws of $42.5mm to cover $63.5mm of Picasso payments in June and Oct. Trusts have cash to cover $25mm at current time and cash needs are sufficiently spaced to not have any squeeze. I would think a loan from trust to LDB would be means to fund payment. Alternatively, a loan from trusts to BFP and increase BFP distributions and have fee paid 6/3 and 7/24 from GRAT annuity and partially from Leon's incremental BFP distribution. On May 20, 2015, at 11:04 PM, jeffrey E. <[email protected]> wrote: ?? On Wed, May 20, 2015 at 7:24 AM, Richard Joslin > wrote: I am working on this. Will have today On May 19, 2015, at 9:16 PM, jeffrey E. <jeevacation®gmail.com> wrote: weren't you