From: Richard Joslin <==> Sent: Thursday, October 29, 2015 12:32 PM To: Jeffrey E. Subject: RE: Re: 9/3 valuation (Empire draft). I don't think a valuation is needed as of 10/24 given annuity payment far in excess of BFP value + cash in GRAT. (Stock price 9/3 vs 10/24 was similar). From: jeffrey E. [mailto:jeevacation@gmailcom] Sent: Thursday, October 29, 2015 8:29 AM To: Richard Joslin ( > Subject: Re: When was bop valued last if distributed last week ? On Thursday, 29 October 2015, Richard Joslin < The GRAT #1 just terminated and distributed approx 5% of BFP and cash of $2.2mm On Oct 29, 2015, at 8:00 AM, jeffrey E. <[email protected] <javascript:_e(%7B%7D;[email protected]);» wrote: Are you distributing in kind ? Yes to fee total tax die for 15? On Thursday, 29 October 2015, Richard Joslin < <javascript:_e(%7B%7D;cvmr, );» wrote: Pls explain first question. Is there additional fee of $20mm? I will send GRAT annuity amounts (based on Empire valuation at gift date) Rich K. I will send you Q3 projection. Let's go over by phone. > wrote: EFTA_R1_01342028 EFTA02356866