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lobal connections" • id:intage001.png€01 DI 84D2.34B2F410 From: Ens, Amanda Sent Thursday, August 04, 2016 6:30 PM To: Yeeracationfigrrsicod Cc Richard Kahn' Subject Preferreds, thoughts on fixed income, mandatory converts Jeffrey. Rich mentioned you're interested in potentially buying preferreds. While

016 6:30 PM To: Yeeracationfigrrsicod Cc Richard Kahn' Subject Preferreds, thoughts on fixed income, m

version ratio sliding scale, can result in an attractively skewed upside vs downside profile for holding the mandatory convert vs the common stock. Allergen, Teva and Frontier Communications are three names we have high conviction on and they have mandatory convert preferreds that I recommend buying. All

From: "Ens, Amanda" •fl• To: "jeevacationtantail.com" <[email protected]> Cc: Richard Kahn Subject: Prefermds, thoughts on fixed income, mandatory converts Date: Thu, 04 Aug 2016 22:30:04 +0000 Attachments: GEVI_6.28.2016.pdf: AGN.PDF: T

tantail.com" <[email protected]> Cc: Richard Kahn Subject: Prefermds, thoughts on fixed income, ma

version ratio sliding scale, can result in an attractively skewed upside vs downside profile for holding the mandatory convert vs the common stock. Allergen, Teva and Frontier Communications are three names we have high conviction on and they have mandatory convert preferreds that I recommend buying. All

From: Richard Kahn c:I > To: "jeffrey EI Subject: Fwd: Allergen and Teva Date: Thu, 28 Jul 2016 17:47:26 +0000 Wadi merits: agn.pdf; teva.pdf; Cvt_Primer_2013_NEWEST

From: Richard Kahn c:I > To: "jeffrey EI Subject: Fwd: Allergen and

footprint, thoughtful and targeted strategy, strong management team, and imaginative business development approach. We believe the acquisitions of Allergen, Warner and Forest put Irish•domiciled AGN in a strong strategic and financial position for an evolving Pharma landscape in the years ahead. Teva P