From: Paul Barrett < Sent: Wednesday, May 3, 2017 3:12 PM To: Jeffrey Epstein; Richard Kahn Subject: Frontier As we expected they cut their dividend which is good for the bond holders. Y=ur 2022's are trading up around 102. Still a yield of - 9%. Recommendation i= to hold and clip the 10.5% coupon. They will likely issue a new 10 yr seni=r secured bond in the coming weeks which will layer us but we are ok with t=at. Sent from my iPhone=?xml version=.0" encoding=TF-8"?> <IDOCTYPE plist PUBLIC "-//Apple//DTD PLIST 1.0//EN" "http://www.apple.com/DTDs/Propertylist-1.0.dtd"> <plist version=.0"> <dict> <key>conversation-id</key> <integer>45S58</integer> <key>date-last-viewed</key> <integer>0</integer> <key>date-received</key> <integer>1493824308</integer> <key>flags</key> <integer>8590195713</integer> <key>gmail-label-ids</key> <array> <integer>6</integer> <integer>2</integer> </array> <key>remote-id</key> <string>710463</string> </dict> </plist> 1 EFTA_R1_01893918 EFTA02651633