3/17 1,000,000 1,000,849 981,094 980.979 -19,870 Exelainter LLC 10% July 15 2023 10/24/17 2,000,000 1,940,506 1,954,167 2 038,889 98,383 Frontier Communications 8.5% April 15 2020 10/11/17 1,000,000 987,506 925,005 847,944 •13 62 JBS Investments 7.25% April 3 2024 10/31/17 2,000,000 1,981,300 2,012

- Sold 60,000 Wisdomtree Japan Hedged Equity @ 61.30 3,678,231 DB - Sold 900 SPY 270 Calls Exp 3-16-2018 @ 14.5011 1,302,363 DB - Sold 1,000,000 Frontier Communications 8.5% April 15 2020 986,130 MS - Sold 73,315 Colony Capital @ 9.3518 680,473 Dividends, Interest Income & Other Distributions - per brokerage stmt

ng 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. Allergen (AGN) - BAML reaffirming BUY

esult In an attractively skewed upside vs downside profile for holding the mandatory convert vs the common stock. EFTA00821588 Allergan, Teva and Frontier Communications are three names we have high conviction on and they have mandatory convert preferreds that I recommend buying. Allergen (AGN) - BAML reaffirming BUY

ng 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. Allergen (AGN) - BAML reaffirming BUY

are included below: Haze Trust Bank of America 8.125% Pfd 12/29/2049 05/10/11 3,000,000 CUSIP: 060505DT8 102 x 103.25 Southern Financial LLC Frontier Communications 8.5% 4/15/2020 7/6/15 3,000,000 CUSP: 35906AAH1 107 x 108.1 Thank you, Vahe From: Richard Kahn [mailto. Sent: Friday, October 07, 2016 3:30 PM

Southern Financial LLC Frontier Communications 8.5% 4/15/2020 7/6/15 3,000,000 Richard Kahn HBRK Associates Inc. 575 Lexington Avenue 4th Floor New York, NY 10022 tel fax cel This communi

reads are wide for Friday afternoon. Indicative levels below — Haze Trust • Bank of America 8.125% Pfd 12/29/2049 05/10/ Southern Financial LLC Frontier Communications 8.5% 4/15/2020 105.75 x 107.50 Best, Darlene From: Richard Kahn Sent: Friday, October 14, 2016 2:19 PM To: Vahe Stepanian Cc: Stewart Oilfield

elow the two way quotes this morning — Haze Trust Bank of America 8.125% Pfd 12/29/2049 CUSIP: 060505DT8 102.25 x 103.75 Southern Financial LLC Frontier Communications 8.5% 4/15/2020 CUSIP: 35906AAH1 105.875 x 107.375 Best, <image001.gif> Darlene Zong, CFA Key Client Partners I Deutsche Bank Securities, Inc 3

: Confidential Rich — two way markets are included below: Haze Trust Bank of America 8.125% Pfd 12/29/2049 102 x 103.25 Southern Financial LLC Frontier Communications 8.5% 4/15/2020 CUSIP: 35906AAH1 107 x 108.1 Thank you, Vahe From: Richard Kahn [ma Sent: Friday, October 07, 2016 3:30 PM To: Vahe Stepanian;

sk to sell these bonds tuesday morning thank you and have a nice weekend Haze Trust Bank of America 8.125% Pfd 12/29/2049 Southern Financial LLC Frontier Communications 8.5% 4/15/2020 Richard Kahn FEBRK Associates Inc. 575 Lexington Avenue 4th Floor New York, NY 10022 tel 212-971-1306 fax 646-350-0954 cell 05

de for Friday afternoon. Indicative levels below - Haze Trust Bank of America 8.125% PM 12/29/2049 05/10/11 102 x 103.75 Southern Financial LLC Frontier Communications 8.5% 4/15/2020 7/6/15 105.75 x 107.50 Best, Darlene From: Richard Kahn Sent: Friday, Octobe...... M To: Vahe Stepanian Cc: Stewart Oldfield; D

elow the two way quotes this morning — Haze Trust Bank of America 8.125% Pfd 12/29/2049 05/10/11 CUSIP: 102.25 x 103.75 Southern Financial LLC Frontier Communications 8.5% 4/15/2020 7/6/15 3,I CUSIP 105.875 x 107.375 Best, <image00 I gif> Darlene Zong, CFA Key Client Partners I Deutsche Bank Securities, Inc

dential Rich — two way markets are included below: Haze Trust Bank of America 8.125% Pfd 12/29/2049 CUSIP: 102 x 103.25 Southern Financial LLC Frontier Communications 8.5% 4/15/2020 CUSIP: 107 x 108.1 Thank you, Vahe From: Richard Kahn [mailto Sent: Friday, October 07, 2016 3:30 PM To: Vahe Stepanian; Daniel

Bank of America 8.125% Pfd 12/29/2049 05/10/11 3,000,000 CUSIP: 060505DT8 102 x 103.25 Southern Financial LLC Frontier Communications 8.5% 4/15/2020 7/6/15 3,000,000 CUSIP: 35906AAH I 107 x 108.1 Thank you, Vahe From: Richard Kahn [mailto Sent: Friday, October 07, 2016 3:30 P

ow - Vahe Stepanian Haze Trust Bank of America 8.125% Pfd 12/29/2049 05/10/11 3,000,000 CUSIP: 060505DT8 102 x 103.75 Southern Financial LLC Frontier Communications 8.5% 4/15/2020 7/6/15 3,000,000 CUSIP: 35906AAH1 105.75 x 107.50 Best, Darlene From: Richard Kahn [mailto Sent: Friday, October 14, 2016 2:19

ich - two way markets are included below: Haze Trust Bank of America 8.125% Pfd 12/29/2049 CUSIP: 060505DT8 102 x 103.25 Southern Financial LLC Frontier Communications 8.5% 4/15/2020 CUSIP: 35906AAH1 107 x 108.1 Thank you, Vahe From: Richard Kahn [mailt0:1. Sent: Friday, October 07, 20 To: Vahe Stepanian; Dani

wo way quotes this morning — Haze Trust Bank of America 8.125% Pfd 12/29/2049 05/10/11 3,000,000 CUS1P: 102.25 x 103.75 Southern Financial LLC Frontier Communications 8.5% 4/15/2020 7/6/15 3,000,000 CUSH': 105.875 x 107.375 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0073621 CONFIDENTIAL SONY G

Haze Trust Bank of America 8.125% Pfd 12/29/2049 05/10/11 Southern Financial ICC Frontier Communications 8.5% 4/15/2020 7/6/15 3,000,000 Richard Kahn HBRK Associates Inc. 575 Lexington Avenue 4th Floor New York, NY 10022 This communication may con

018 08/15/16 1.000.000 881.500 885,780 800.770 -80.730 LSCCOM 8.75% 1015/2023 01/13/17 26,250,000 2,859,332 2,746,431 2,772,378 -86,954 Frontier Communications 10.5% 9/15/2022 11/9/16 4,000,000 4.020.000 0 Kindred Healthcare 7.25%1/15/2020 STC ML 10/13/16 3,000.000 3,125,750 3,168,167 3,231,306 105