Thanks. We have several (minor) comments: 1. My recollection is =hat the trust holds LBF Family Holdings which, in turn, owns an interest in =lack Family Partners. Was there any activity at the Holdings =nbsp;level? EFTA_R1_01405204 EFTA02385878 2. The document records =hat statements are being attached fo

,500,000.00 40,000,000.00 posit 12/18/2013 leon Black Leon Black 10,000,000.00 ,000,000.00 50,000,000.00 50,000,000.00 Deposit 04/25/2014 Family Partners 11650, DB 44129244 Deposit 04/25/2014 1 5,000,000.00 Deposit 04/29/2014 15,000,000.00 Deposit 07/15/2014 Black Family Parner Black 5,000,

at it accurately illustrates =he plan we discussed yesterday. One item =e did not discuss is the non-economic limited partnership interest in =lack Family Partners, L.P. owned by AIF IV. This interest has, =ince 2007, been deemed to have no value and accordingly, AIF IV has no =haring ratio in BFP. I am happy

terest in Black Family Partners. Was there any activity at the Holdings level? 2. The document records that statements are being attached for =lack Family Partners since 2006. Please recall, however, that this =artnership was not created until 2007. IRS Circular 230 =isclosure: To ensure compliance with requi