ch and pick up around 225bps on our base case yield assumption. EFTA_R1_00440056 EFTA01963713 Let me know. Paul US Onshore Clients — Blue Sky (U.S. State Securities Law): Please confirm Blue Sky eligibility before soliciting to a US Onshore client by entering the CUSIP into the web tool located at: httpifipssppvLam

ts which are appropriate for high risk investors only. • • • ALL OFFERS ARE SUBJECT EFTA_R1_00481402 EFTA01989226 US Onshore Clients — Blue Sky (U.S. State Securities Law): Please confirm Blue Sky eligibility before soliciting to a US Onshore client by entering the CUSIP Into the web tool located at: http://pscppvtom

frey We should buy these for Haze Trust. Spend around $1.2MM, We have over $3MM in cash. `•" ALL OFFERS ARE SUBJECT US Onshore Clients — Blue Sky (U.S. State Securities Law): Please confirm Blue Sky eligibility before soliciting to a US Onshore client by entering the CUSIP into the web tool located at: http://pscppvl.a

se credit events whic= are appropriate for high risk investors only =OA =OA =OD c=td> *** ALL=OFFERS ARE SUBJECT US Onshore Clients — Blue Sky =U.S. State Securities Law): Please confirm Blue Sky eligibility before=soliciting to a US Onshore client by entering the CUSIP into the web tool =ocated at: http://pscppvl.a

S #2 - $5.00mm of CWALT 04-2CB M @ 875-00 (6.21% yield/4.71 durn) Jeffrey We should buy $1.25MM of this bond Paul US Onshore Clients — Blue Sky (U.S. State Securities Law): Please confirm Blue Sky eligibility before soliciting to a US Onshore client by entering the CUSIP into the web tool located at: http://pscppvl.a

I would like to use some of th=se proceeds to buy this mortgage bond. =OD let me know. ••• ALL OFFERS ARE SUBJECT US Onsh=re Clients — Blue Sky (U.S. State Securities Law): Please confir= Blue Sky eligibility before soliciting to a US Onshore client by entering=the CUSIP into the web tool located at: http://pscppvl.a

good replacement for the bonds we sold last week. Spend around $1.2MM. Let me know. Paul "• ALL OFFERS ARE SUBJECT US Onshore Clients — Blue Sky (U.S. State Securities Law): Please confirm Blue Sky eligibility before soliciting to a US Onshore client by entering the CUSIP into the web tool located at: http://pscppvl.a

W HY RMBS BWIC - 54.3mm of RFMSI 04-54 1M1 @ 85-16 (6.51% yield/2.97 durn) Jeffrey We should buy 51MM of this bond. US Onshore Clients — Blue Sky (U.S. State Securities Law): Please confirm Blue Sky eligibility before soliciting to a US Onshore client by entering the CUSIP into the web tool located at: http://pscppvl.a

from this morning traded away at a higher price. I think this is also interesting. Spend $750K. Let me know. Paul US Onshore Clients — Blue Sky (U.S. State Securities Law): Please confirm Blue Sky eligibility before soliciting to a US Onshore client by entering the CUSIP into the web tool located at: http://pscppvl.a

@ $59-16 (7.24% yield/ 7.55 durn) Jeffrey We should buy 51MM of this for Jeepers. Paul *** ALL OFFERS ARE SUBJECT US Onshore Clients — Blue Sky (U.S. State Securities Law): Please confirm Blue Sky eligibility before soliciting to a US Onshore client by entering the CUSIP into the web tool located at: http://pscppvl.a

events which are appropriate for high risk investors only.<=span> &nbs=; =OA =OD =OA *** ALL OFFERS ARE SUBJECT US Onshore Cli=nts — Blue Sky (U.S. State Securities Law): Please confirm Blue =ky eligibility before soliciting to a US Onshore client by entering the CU=IP into the web tool located at: http://pscppyl.a

w <= class="MsoNormal"> =/p> Paul =span style="font-size:11.0pt;font-family:"Calibri","san.-serif";color:#1F497D"> US Onshore Clients — Blue Sk= (U.S. State Securities Law): Please confirm Blue Sky eligibility befo=e soliciting to a US Onshore client by entering the CUSIP into the web too= located at: http://pscppvl.a

should buy $1MM of this bond. Would bid 97.00 which is a 6.30% yield. Let me know. Paul 11" ALL OFFERS ARE SUBJECT US Onshore Clients — Blue Sky (U.S. State Securities Law): Please confirm Blue Sky eligibility before soliciting to a US Onshore client by entering the CUSIP into the web tool located at: http://pscppv1.a

ut to the market today. Lets buy this one to replace what we sold on Tuesday. Spend around $600K. Let me know Paul US Onshore Clients — Blue Sky (U.S. State Securities Law): Please confirm Blue Sky eligibility before soliciting to a US Onshore client by entering the CUSIP into the web tool located at: http://pscppvl.a

nd $1MM in cash if we do this switch and pick up around 225bps on our base case yield assumption. Let me know. Paul US Onshore Clients — Blue Sky (U.S. State Securities Law): Please confirm Blue Sky eligibility before soliciting to a US Onshore client by entering the CUSIP into the web tool located at: http://pscppvl.a