From: Richard Kahn To: "Jeffrey E." <[email protected]> Subject: Fwd: New Issue $25 Par: AmTrust Financial Services (AFSI) Non-Cumulative Perpetual Preferred Stock; 7.75% - 7.875% Fixed for Life Date: Tue, 08 Mar 2016 15:47:25 +0000 Attachments: Bannerless_E-red_(3.8.16).pdf attached was sent from both Morgan Stanley and Wells Fargo please advise thank you Richard Kahn HBRK Associates Inc. 575 Lexington Avenue 4th Floor New York, NY 10022 Begin forwarded message: From: "Atlas, Andrew S" Subject: New Issue $25 Par: AmTrust Financial Services (AFSI) Non-Cumulative Perpetual Preferred Stock; 7.75% - 7.875% Fixed for Life Date: March 8, 2016 at 10:13:33 AM EST To: "Richard Kahn Good Morning Rich, Want to show STC another new issue preferred that Morgan Stanley is pricing today. Details: $25 Par New Issue Syndicate Offering: AmTrust Financial Services (AFSI) Issuer: AmTrust Financial Services (Ticker: AFSI) Securities Offered: Depositary Shares, Each Representing 1/40th of a Share of _% Non-Cumulative Preferred Stock, Series E. Size: $75mm (3mm $25 par shares) Expected Ratings: AmBest bb+ Maturity: Perpetual Price Talk: 7.75% - 7.875% EFTA01184779