Attached files
| file | filename |
|---|---|
| EX-99.2 - THE UNAUDITED FINANCIAL STATEMENTS OF THE MASTER FUND - Nuveen Mortgage & Income Fund/MA/ | d405129dex992.htm |
| 8-K - FORM 8-K - Nuveen Mortgage & Income Fund/MA/ | d405129d8k.htm |
Exhibit 99.1
Wellington Management Legacy Securities PPIF, LP
(a Delaware limited partnership)
Financial Statements for the Six Months Ended June 30, 2012
(Unaudited)
Wellington Management Legacy Securities PPIF, LP
(a Delaware limited partnership)
TABLE OF CONTENTS
| Page | ||
| Statement of Assets, Liabilities and Partners’ Capital |
1 | |
| Statement of Operations |
2 | |
| Statement of Changes in Partners’ Capital |
3 | |
| Statement of Cash Flows |
4 | |
Wellington Management Legacy Securities PPIF, LP
(a Delaware limited partnership)
Statement of Assets, Liabilities and Partners’ Capital
June 30, 2012
(Unaudited)
(in United States Dollars)
| Assets |
||||
| Investment in Wellington Management Legacy Securities PPIF Master Fund, LP (the “Master Fund”), at fair value |
$ | 340,920,542 | ||
| Cash |
462,379 | |||
|
|
|
|||
| Total assets |
$ | 341,382,921 | ||
|
|
|
|||
| Liabilities and partners’ capital |
||||
| Liabilities |
||||
| Management fees payable |
$ | 119,623 | ||
| Professional fees payable |
97,093 | |||
| Administration fees payable |
19,557 | |||
| Other accrued expenses |
10,885 | |||
|
|
|
|||
| Total liabilities |
247,158 | |||
|
|
|
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| Partners’ capital |
||||
| General Partner |
1,512,141 | |||
| Limited Partners |
339,623,622 | |||
|
|
|
|||
| Total partners’ capital |
341,135,763 | |||
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|
|
|||
| Total liabilities and partners’ capital |
$ | 341,382,921 | ||
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|
|||
1
Wellington Management Legacy Securities PPIF, LP
(a Delaware limited partnership)
Statement of Operations
For the Six Months Ended June 30, 2012
(Unaudited)
(in United States Dollars)
| Net investment income allocated from Master Fund |
||||
| Interest income |
$ | 20,413,874 | ||
| Interest expense |
(2,118,199 | ) | ||
| Administration fees |
(75,881 | ) | ||
| Professional fees |
(12,060 | ) | ||
| Other expenses |
(13,681 | ) | ||
|
|
|
|||
| Net investment income allocated from Master Fund |
18,194,053 | |||
|
|
|
|||
| Onshore Feeder expenses |
||||
| Management fees |
230,701 | |||
| Administration fees |
59,706 | |||
| Professional fees |
44,993 | |||
| Other expenses |
3,729 | |||
|
|
|
|||
| Total Onshore Feeder expenses |
339,129 | |||
|
|
|
|||
| Net investment income |
17,854,924 | |||
|
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|
|||
| Net realized gain (loss) and change in unrealized appreciation (depreciation) allocated from Master Fund |
||||
| Net realized gain (loss) on: |
||||
| Investments |
5,021,524 | |||
| Swap contracts |
(1,830,643 | ) | ||
| Net change in unrealized appreciation (depreciation) on: |
||||
| Investments |
45,860,456 | |||
| Swap contracts |
(409,698 | ) | ||
| UST Warrant |
587,279 | |||
|
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|
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| Net realized gain (loss) and change in unrealized appreciation (depreciation) allocated from Master Fund |
49,228,918 | |||
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|
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| Net increase in partners’ capital resulting from operations |
$ | 67,083,842 | ||
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|
|
|||
2
Wellington Management Legacy Securities PPIF, LP
(a Delaware limited partnership)
Statement of Changes in Partners’ Capital
For the Six Months Ended June 30, 2012
(Unaudited)
(in United States Dollars)
| General Partner | Limited Partners | Total | ||||||||||
| Partners’ capital, at December 31, 2011 |
$ | 86,709 | $ | 280,452,952 | $ | 280,539,661 | ||||||
| Distributions |
||||||||||||
| Investment proceeds |
(2,000 | ) | (6,485,740 | ) | (6,487,740 | ) | ||||||
| Net increase in partners’ capital resulting from operations |
20,741 | 67,063,101 | 67,083,842 | |||||||||
| Carried interest |
1,406,691 | (1,406,691 | ) | — | ||||||||
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| Partners’ capital, at June 30, 2012 |
$ | 1,512,141 | $ | 339,623,622 | $ | 341,135,763 | ||||||
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3
Wellington Management Legacy Securities PPIF, LP
(a Delaware limited partnership)
Statement of Cash Flows
For the Six Months Ended June 30, 2012
(Unaudited)
(in United States Dollars)
| Cash flows from operating activities: |
||||
| Net increase in partners’ capital resulting from operations |
$ | 67,083,842 | ||
| Adjustments to reconcile net increase in partners’ capital resulting from operations to net cash provided by operating activities: |
||||
| Distributions received from Master Fund |
6,998,522 | |||
| Net investment income allocated from Master Fund |
(18,194,053 | ) | ||
| Net realized (gain) loss and change in unrealized (appreciation) depreciation allocated from Master Fund |
(49,228,918 | ) | ||
| Increase in management fees payable |
19,269 | |||
| Increase in professional fees payable |
6,613 | |||
| Decrease in administration fees payable |
(433 | ) | ||
| Decrease in other accrued expenses |
(4,616 | ) | ||
|
|
|
|||
| Net cash provided by operating activities |
6,680,226 | |||
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|
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| Cash flows from financing activities: |
||||
| Distributions |
(6,487,740 | ) | ||
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|
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| Net cash used in financing activities |
(6,487,740 | ) | ||
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| Net change in cash |
192,486 | |||
| Cash: |
||||
| Beginning of period |
269,893 | |||
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|
|
|||
| End of period |
$ | 462,379 | ||
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4