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50 2550 2050 1550 1060 550 50 -450 -950 -1450 2000 1500 1000 500 J.P.Morgan Difference (bp) TXU 11.250% 2016 vs. HY CCC Spread (bp =Mogan Tight .1442bp Wide: 3105bp Average: 411bp Current aff.( 1): 2763bp Current (TXU 11 6): 3930bp Current (KY Current Price 2016): 31.00 1 11/
50% 2016 vs. HY Split B Source& ...organ Tight -1466bp Wide: 1381bp Avenge: -10 Current dill.( ov-11): 874bp Curren! (EIX 7. SO% 2016 1753bp Curren! (HY Sp1it B): 879b Curren! Price ( IX 7.750% 6): 69.50 L/ Spread (bp) 975 475 -25 -525 -1025 -1525 - Dille ence Avg DWI. EIX 7.750% 2016
(bp) EDC 7.000% 2017 vs. HY Spilt B Spread (bp) Souza M . Morgan Tight: -15110p Wide: 126.4bp Average: -12 Cloven! dill. ( Current (61%7 Curren! (MY Curren! Price 899bp 1778bp mum ml 1 °A ,g Dille ence Avg Dill. r i-EIX 7.000% 2017 — HY Split B 1500 1000 500 0 2000 1500 1000
and ptcduaS not* anrigernentt eats affiliaeed bat awl oar thin pally basks. and &wiles ants TO Sturm and miry prone TT'S by unaffiliated died any Moran, corsairs Trough since agency sibseSa esse UT financial Services he Presmirs. mean. ad «away products toot IOC hared • No bank 9.,3,31110.• M!)1C
need to be adusted for return of capital payments in order to detertnne the teimen gm n or kiss la tax reporting purposes investment return is the Curren wave MMus the amount you invested r Ones not inClutte skates that se not reflected on your statement, scludng shares that have been recited as eithe
Ion Individools Ti,. noccum now, commis inn 4 She reettataPfly 10 lids arn use oOloalems am, ism other rookrunon nooton; aunts roancaoreronin in on. Moran patt clots Ind -ay n<onnKnon wen emus. moan* or 1, ,1 In no acconmits) ens ho ammo, rennometp nun re Sent Conflonoltom of Tax ad Complsonoo Ameon
,GMVitMrewal 116.961 111 1103,34E 41 I 39.010 00 01.71. TO Investment Imam. 012 032 0 II 04 Investment Acitooty Capital Gen* Dostribul on Curren," E sCnanO0 100.003 00 1)0.4000 036.40 00) P.Oaled CX GeintL014 on Cosh WA 47) On 47) Vamoose., IX Gen.4.0.4 en C MTh 11.2'2 litlI 0 717 9%
1~ or leWNIchwle he .cmccce4 nerlinf ~terns fl it Ma ningOnablano ion Mn etwoationa aino env ring reignagry fagoting omits op:icon* to rum in fog Moran rundninnt Mal nay wit, connKbon *lea nor". O a r Wrist bra f n hn acornnIcy) sna bow wan retalcomte "IN ire Manic Confirmation of Tea 400 C.mool
Nne , ay awe mal se r01 het st Ceuefine Sank Valo•UOG 01 Mate Tre CASs led neatens «Mats presentee n tee OCCOun: etesemenT may re two upon me most Curren:at:tie wces Pretan by ire :hint :try pion° merge usea Or ~n one: a: me sne two SanNill orated Die roes a an. S ~91 tale" Mann nosy ro t ilel I
CeS are prodias taros* anagrams wen aimed bats ad °thee TIM paybalks and provides ass to Mace and army products isued by unaffiliated tined {tarty Moran, enflame trough mamma agency areaesor UM Fnandal Sakes Ix Imesamt. mace. and amuse products Hot RCM hoard • No bate garnten May law value WA ?In
cription of the alternative investment objectives in important information about your sratementat the end of this document Your return objective: Curren; mccsne &capital appreciation Your risk profile: Primary Moderate Investment eligibility conwlerahon None selected Your account instructions • Y
ars produas ttrough nage netts MT /faxed brats tel other thi . parly basks and pinnies atom to Mtn ind soapy popas ewers by urea dated tied party Moran, compants trough mastert agency subsea-yesof uaS Amanda Savion atc Indammt. mace andannular products Hot MC haired • No bat* gatmen May lam value
in hang of any usnecam erge in your finance steal gn of iivest~ ob lecke; For each acme held you choose one 01 the ro loverg ~mimed obactms • Rota Curren: mane brostinents whin; te royalkin of ammo only • Mahe CAMS/ esDatemon korepirentsuctino growth prexpal rah. Inane* generator, of name • ~Ste CO
im products trough enemata/Its wit /blood bads aid over that party balks and par des S00% to imam" and amity prOthe imitd by teal doted that early Mogan" condoles through negate agency lubslay es of MSS mnanal anion he t rregmest. mutate. and amuly products NM WC haired • wo bank guaranwee May los
iont date - for cents 'entities ttaOn9 ttnOrhantormng den0Moetted. prCe aid quality dacevalue/mar hae been aspseedto ladleae prow %wart To obtain Curren quitions. Wan ramble. cacao yet aroma Advoor • Meats Inn assn mad medusaproduca anak invostmore secure* anclaIng dirge pmkpaion pagan aid real Ma
not be regarded as research or • LP. Morgan research report. Opinions expressed herein may differ horn the opinions expressed by other areas of IP. Mogan including research. The investment strategies and views stated here may differ f men those expressed for other purposes or in other contexts by oth
.111 Sb•IttunNI Notes Intoest 1.04.6 Dew Matucity Fete Arno,..tt Long ChlrytIVIIKIII Co., Can Ill Markel V•lue(5/ Rikeiveci hoary Irk, IS) Curren. Prke 11/ ROM W01n3 14.4/ 6 0(0 6.nw, 44606 171C7p WWI Leal 11 251!6 5.60104 2.000000 SG 111artm Plus WTI Ciude . 71 71% tumee-104014 UmaMed
UZ CLAIBORNE INC UZ 800.00 50.4361 40.41198 07/05/01 06729/01 SOLD RUDOLPH TECHNOLOGIES INC RTEC -1.000.00 45.4176 45.371.08 ear. Yawns Moran coy. Cow Mane. Cr., Mat Orme" Now Yen 111014559 INTERNAnONAL CHARITABLE 017 07A7M102:12 • 9441 EFTA01323323 05-0160 THROu06 ITS %%Our Own°,
or sell open orders on file for your account. Casa a Egt.italegt Equms 3&92,.,18 55.451.713 a 514.279.565 : 5-2$45.087 515.957.935 : 14.230.047 Curren M3/140C vase SI Last =Wants market vats Short marker valve $111a n rat t Tar EllennlICRE Vanes tar. 'ft I* rat elonclet Bs a in *Minn Ths stai
Moto. each transaction At your request assets may be rehxred Immo even though Ownhag by a Mid pagyunaffnatechmh J P. Morgan. In such can unless JP. Morgan &homes. agrees..) P Morgan has no tesponvbotylce the yenfcaton.yMatfon.safekeepngor managemenrof those Peaseretnew yam statement promptly and report a
he Period 10/1/08 to 10/31/08 Portfolio Activity Summary - U S DOLLAR PRINCIPAL INCOME Current Transactions Period Value Year-To Dale Value' Curren! Period Value Year•To•Date Value* Beginning Cash Balance INFLOWS 0.00 0.00 Income 5.14 Contributions 22.320.25 Total Inflows OUTFLOWS $
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