EFTA02516489

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From: Eileen Alexanderson .• Sent: Wednesday, November 19, 2014 8:57 PM To: jeffrey E. Subject: RE: Further timber update No proposed distribution at year end since we received $281,013 on both 3/27 & 9/30/14. Should have 9/30 statement any day now - checking on whether that value can be used. From: jeffrey E. [mailto:[email protected] Sent: Tuesday, November 18, 2014 9:22 AM To: Eileen Alexanderson Subject: Re: Further timber update also is there a proposed distribution ? how much when? On Tue, Nov 18, 2014 at 9:16 AM, Eileen Alexanderson cmailto > wrote: Sept 30th values are not out yet. Yes, as I indicated in email last week, fee to Eaton is 100bps. This note was to update you on pricing. Sent from my iPhone On Nov 18, 2014, at 1:02 AM, "jeffrey E." [email protected] <mailto:[email protected]» wrote: Is there an update to June value??? And isn't there a fee ?? On Monday, November 17, 2014, Eileen Alexanderson <mailtollOMMIMai > wrote: Timber update- no better bids came in. Best bid is a 15% discount on the 6/30value = to $16,125,588. This was the bidder's initial offer. Eaton Partners believes there may be a few addl % pts they will be able to extract. This addl % was obviously built into status update last week when they gave guidance that they had a' low teens' bid. There were 10 bids-majority came in with +/-30% discounts. This best bidder would like a brief period to do a bit more confirmatory due diligence and will commit