From: Richard Kahn c:1 To: "Jeffrey E." [email protected]> Subject: Fwd: Citi Preferred [C] Date: Thu, 06 Aug 2015 16:28:25 +0000 Inline-Images: image001.jpg; image002.jpg per your email i reached out to DB regarding Citi Preferred Q Series that was issued yesterday by Citibank: they quoted 100.125 for 2-3mm but said to give a level and they would work order did not like that answer so i called Andrew Atlas at Morgan Stanley and asked him to bid he told me spread was 99.875 bid x 100.125 ask and thought we probably could get filled at 100.00 please advise if you would like to buy preferred, quantity, price and DB or MS thank you attached below is your current exposure to Citi Preferred Stocks: Asset Description Purchase Quantity Date Cost 6/30/15 Unrealized Value Gain (Loss) Citibank Preferred Ser C 5.8% 10/28/14 49,033.00 1,180,739 1,220,922 40,183 Citibank Preferred Ser C 5.8% 10/29/14 150,967.00 3,670,430 3,759,078 88,648 Citibank Preferred Ser K 6.875% 213/14 79,000.00 1,999,419 2,106,140 106,721 6,850,589 7,086,140 235,551 Richard Kahn HBRK Associates Inc. Begin forwarded message: From: Vahe Stepanian Subject: RE: CM Preferred [C] Date: August 6, 2015 at 12:19:00 PM EDT To: Richard Kahn Cc: Daniel Sabba Classification: Confidential Per our conversation: >, Paul Morris >, Ariane Dwyer EFTA01207024