From: jeffrey E. <[email protected]> Sent: Monday, June 25, 2018 6:45 PM To: Paul Barrett Cc: Richard Kahn Subject: Re: New Idea for your approval wait two days and sell all On Mon, Jun 25, 2018 at 8:38 PM, Paul B=rrett wrote: I think most of the regional banks represented in th= ETF have faced similar headwinds with respect to increased compliance cos=s and caps on divididend distributions. This is expected to ease. With the=recent SIFI changes I also think we will see an M&A wave. The U.S does not need 6,000 regional banks. l=don't know which banks get acquired but owning the ETF will allow =s to capture all these themes. Paul Barrett Alpha Group Capital LLC 142 W 57 <https://maps.google.com/?q=142+W+57&=entry=gmail&source=g> th Street, llth<=sup> Floor, New York, NY 10019 =/span> From: jeffrey E. <[email protected] <mailto:[email protected]» Sent: Monday, June 25, 2018 2:20 PM To: Paul Barrett EFTA_R1_01723840 EFTA02562066