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KRAMONT REALTY TRUST KRT CASH 2.000 23.4000 46.800 2.600 5.5556 WTS LUCENT TECHNOLOGIES INC LUTHW CASH 235 1.5800 371 IDT 12/10/2007 PAN PACIFIC RETAIL PROPERTIES PNP CASH 436 62.7000 27.337 946 3.4605 INC PENNSYLVANLA REAL ESTATE PEI CASH 1.794 42.8000 76,783 3.875 5.0467 INVESTMENT
ting represents the rating of the coverage universe relative to the regional broader market index. The key for the sector rating is as follows: MO = Market Overweight; MW = Market Weight; MU = Market Underweight. In cases where a BSC rating is present, the name of an independent, third-party research provider and
NED DAVIS RESEARCH RATING: MS LUCENT TECHNOLOGIES INC LUTHW CASH 235 0.5650 133 ET 12/10/2007 NAYARIT GOLD INC NYRTF CASH 19 0.3440 7 PAN PACIFIC RETAIL PROPERTIES PNP CASH 436 66.8900 29,164 1.029 3.5283 INC PENNSYLVANIA REAL ESTATE PEI CASH 1.794 37.3600 67.024 4.090 6.1023 INVESTME
ating represents the rating of the coverage universe relative to the regional broader market index. The key for the sector rating is as follows: MO = Market Overweight; MW = Market Weight; MU = Market Underweight. In cases where a BSC rating is present. the name of an independent, third-party research provider and
ION SYMI/OcCUSIP GUMMY PRICE DUE AMOUNT CRIX0 Wail 11/01/06 EXCHANGE 11/01/06 MERGER 11/30/06 MERGER KIMCO REALTY CORP illISI. R2Stailr PAN PACIFIC RETAIL PROPERTIES TO 01rJoGitir TRUST INC ER 6 KIM 698061104 GLB 98 -436 -2,000 52.000.00 TOTAL 552.000.00 DEPOSITS AND WITHDRAWALS TRANSACT
ting represents the rating of the coverage universe relative to the regional broader market index. The key for the sector rating is as follows: MO = Market Overweight; MW = Market Weight; MU = Market underweight. In cases where the BSC rating is present, the name of an independent, third-party research provider an
Entities connected to both PAN PACIFIC RETAIL and Market Overweight

Bear Stearns
ORGANIZATION
Jeffrey Epstein
PERSONPeer Perform
PERSON
New York City
LOCATIONMoney Fund
ORGANIZATION
Financial Trust Company
ORGANIZATION
North
LOCATIONEOUITY
ORGANIZATIONEquities & Options
ORGANIZATIONMASSER
PERSONthe Firms Equity Research Department
ORGANIZATIONBear, Stearns & Co. Inc.'s
ORGANIZATIONFELCOR LODGING TRUST INC
ORGANIZATIONEquity Research Department
ORGANIZATIONSZeirns
PERSONthe National Association of Securities Dealer's
ORGANIZATIONTHRCOGH
ORGANIZATIONNet Capital and Net Capital Requirements
ORGANIZATIONthe Bear, Stearns Securities Corp
ORGANIZATIONOESCRPTION
ORGANIZATION