Frontier Communications 2013 Annual Report Download - page 102

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The following table provides further information regarding the redemption of the Plan’s Level 3
investments as of December 31, 2013:
($ in thousands)
Fair
Value
Redemption
Frequency
Redemption
Notice Period
Liquidation
Period
Commingled Funds
JPM Multi-Strat II C-A Ser 11-07(a) ...... $ 33,444 Quarterly 65 days NA
Interest in Limited Partnerships and Limited
Liability Corporations
Morgan Stanley Institutional Cayman
Fund LP(b) ............................ $ 26,188 Quarterly 60 days NA
MS IFHF SVP LP Cayman(b) ............ 2,772
Through liquidation of
underlying investments None 2 years
MS IFHF SVP LP Alpha(b) .............. 1,504
Through liquidation of
underlying investments None 2 years
RII World Timberfund, LLC(c) ........... 5,761
Through liquidation of
underlying investments None 10 years
100 Comm Drive, LLC(d) ................ 8,557
Through liquidation of
underlying investments None NA
100 CTE Drive, LLC(d) .................. 6,922
Through liquidation of
underlying investments None NA
6430 Oakbrook Parkway, LLC(d) ......... 24,955
Through liquidation of
underlying investments None NA
8001 West Jefferson, LLC(d) ............. 29,318
Through liquidation of
underlying investments None NA
1500 MacCorkle Ave SE, LLC(d) ......... 15,987
Through liquidation of
underlying investments None NA
400 S. Pike Road West, LLC(d) .......... 1,079
Through liquidation of
underlying investments None NA
601 N US 131, LLC(d) ................... 1,063
Through liquidation of
underlying investments None NA
9260 E. Stockton Blvd., LLC(d)........... 5,170
Through liquidation of
underlying investments None NA
Total Interest in Limited Partnerships and
Limited Liability Corporations . . ....... $129,276
(a) The fund’s investment objective is to generate long-term capital appreciation with relatively low volatility
and a low correlation with traditional equity and fixed-income markets. The fund seeks to accomplish this
objective by allocating its assets primarily among a select group of experienced portfolio managers that
invest in a variety of markets, either through the medium of investment funds or through discretionary
managed accounts.
(b) The partnerships’ investment objective is to seek capital appreciation principally through investing in
investment funds managed by third party investment managers who employ a variety of alternative
investment strategies.
(c) The fund’s objective is to realize substantial long-term capital appreciation by investing in timberland
properties primarily in South America, New Zealand and Australia.
(d) The entity invests in commercial real estate properties that are leased to the Company. The leases are triple
net, whereby the Company is responsible for all expenses, including but not limited to, insurance, repairs
and maintenance and payment of property taxes.
The following table represents the Plan’s Level 3 financial instruments for its interest in certain limited
partnerships and limited liability corporations, the valuation techniques used to measure the fair value of those
financial instruments as of December 31, 2013, and the significant unobservable inputs and ranges of values for
those inputs:
F-40
FRONTIER COMMUNICATIONS CORPORATION AND SUBSIDIARIES
Notes to Consolidated Financial Statements