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💨IMPACT LEVEL 1 — MEH

Epstein File EFTA01751609: Apollo Management and Treat (DS10)

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This document is correspondence from Richard Joslin, CPA and CFO of Black Family Partners, LP, c/o Apollo Management, regarding financial treatment options for distributions. The document discusses whether AMH (Apollo Management Holdings) should treat a distribution as entirely debt-financed with partners tracing 100% of cash or alternatively trace expenditures inside the entity.

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. > > V V > Richard Joslin > Black Family Partners, LP > c/o **Apollo** **Management** > > > > > > Richard Joslin, CPA EFTA_R1_00049811 EFTA01751609 CFO Black
Excerpt 2
AMH had the option to **treat** either 1) **treat** > the distribution as entirely debt financed (partners trace 100% of cash) or > 2) trace expenditures inside

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