From: J <[email protected]> To: Paul Barrett Subject: Re: Sell - Floating Rate Income Fund Date: Tue, 27 Nov 2018 21:52:28 +0000 Attachments: image005.png; image006.jpg; image002jpg tonne-Images: image002(I).jpg; image006(l).jpg; image005( I ).png sell On Tue, Nov 27, 2018 at 5:15 PM Paul Barrett Hi Jeffrey wrote: Seeing further weakness here. Sure you don't want to sell? NAV has dropped from 9.30 to 9.26. hada lineament Date torrent Vase Total (Sc Animated Reftro Southern Fmaneaa • Fl Fund. DB S3.000.O:O 9,29:17 53.074.727 574.727 214% lint lthti • Fl Fund-DB 51.999.716 1,22/13 52J3.8.344 5318.629 2.90% heretic • Fl Fund. DB 51.499,756 2113/13 51.731.660 5231.822 2.90% TOTAL $6A99.5•2 57.166.740 5663.230 Paul Barrett Alpha Group Capital LLC g. From: Paul Barrett Sent: Tuesday, November 20, 2018 2:40 PM To: 'J' <eev iSgl mail.com> Cc: 'Richard Kahn' Subject: Sell - Floating Rate Income Fund Jeffrey We own 57.195MM of the JPM Floating Rate Income Fund. This is a daily liquidity mutual fund owning floating rate bank loans. I think we should sell. The fund has a mismatch in offering daily liquidity on illiquid loans and I am worried a flood of redemptions could hurt us. And it is very easy to get back in if we so chose. Inn a lineament Date Correa Valve Total Can Annualized Return Southern Pinata • n Fund. DB S3.000.O:O 9,29:17 53.059.009 532.009 2.37% line Trutt- Fl Fund-DB 51.999.716 1,22/13 $2.340.113 5112.730 2.99% /wpm • Fl Fund-DB 51.499.786 2113)13 51339.233 r..39A49 3.00% TOTAL $M99312 $7.03.6119 36$6.1117 EFTA01015317