From: Richard Joslin < Sent: Wednesday, October 8, 2014 2:52 PM To: jeffrey E.; lawrence delson Subject: annualization Attachments: nys estimated tax.pdf Tom is annualizing income to avoid penalty He =s saying LDB earned $50MM in Ql; $70MM in April/May; $10MM in June —Aug $440MM Sept — Dec Cash flow from Apollo is front loaded Savings — $300K Thoughts? 1 EFTA_R1_02148290 EFTA02715703