From: Richard Kahn To: "Jeffrey E." <[email protected]> Subject: Fwd: Voluntary Offer for Southern Financial Date: Fri, 06 Nov 2015 22:08:32 +0000 Attachments: GE_Synchrony_Exchange_Offer.pdf Inline-Images: image00 1 jpg; image002.gif; image003.gif attached is offer to swap GE stock for Synchrony Financial currently you own 23,000 shares of GE with a 21.57 cost basis per share (496,109 total cost) unrealized gain as of today is 191,820 i have not seen any factual information yet however i do not believe swap will be taxable if you choose to pursue attached is offer to swap GE stock for Synchrony Financial attached is indicative exchange with yesterdays closing prices: Date: GE Daily VWAP: GE Closing Price: Synchrony Daily VWAP: Synchrony Closing Price: Indicative Exchange Ratio(1): Upper Limit: Upper Limit in Effect: Final Exchange Ratio: November 5, 2015 4:30pm ET $29.5617 $29.64 $32.2106 $32.61 0.9855 1.1308 No GE closed today at 29.91 dividend yield 3.10% uhb=uhb2&fr=uh3 finance_vert_gs&type=2button&s=ge Synchrony Financial - pays no dividend closed today at 33.98 wNVSCAzIER1c2t0b3AgU2VhcmNoIDEx;_ylrX3oDMTBzOTkyZWtoBGxhbmcDZW4tVVMEcHQDc2Vjd EFTA01131355