From: Richard Joslin Sent: Thursday, MaylIMIP To: jeffrey E. Subject: Re: I would say yes. However the investment partnerships of size are held =y BFP. Some administrative red tape to assign but manageable. =DB owns AP Alternative Assets that is appropriate size but this is an Apol=o asset As for redemption, BFP can give notice by May 31 to withdraw $25mm fro= Loan Cascade as of June 30. The balance of BFP hedge funds have cal=ndar annual withdrawal dates or a June 30 withdrawal date for which there =s 90 day notice requirement. On May 21, 2015, at 6:31 AM, jeffrey E. <[email protected] <mailto:jeevacation@g=ail.com» wrote: he can assign a 1p interest ? On Thu, May 21, 2015 at 12:39 AM, Richard Joslin rote: 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 i= to also make brokerage funding of $15mm and fund APO1 interest on note ($=0mm). I am also assuming that DRB cash of $13mm will not be used for this purpose. I am also assuming APO c=sh distributions of $0.35 (August) and $0.34 (Nov) which exceed the $0.33 =istribution in May. BFP cash can be used but this would reduce BFP =istributions and impair LDB cash flow to pay for the above. Last, I am assuming art loan draws of $42.5mm to =over $63.5mm of Picasso payments in June and Oct. Trusts have cash to cover $25mm at current time and cash needs are suf=iciently spaced to not have any squeeze. I would think a loan from =rust to LDB would be means to fund payment. Alternatively, a loan f=om 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. wrote: On May 20, 2015, at 11:04 PM, jeffrey E. <[email protected] <mailtoieevacation@=mail.com» On Wed, May 20, 2015 at 7:24 AM, Richard Joslin =span dir="ltr" wrote: EFTA_R1_01440532 EFTA02402715