We own $2.469mm GE 4% fixed-to-float perpetual preferreds at $88.09. Purchased in 2015. They are callable in 2022 with a very low back-end spread of L+228bps if not called. No way these get called. • Cost $88.09 • Bid around $91.00 • - $65K mtm gain on the price. $278K total interest earned since pur

We own $2.469mm GE 4% fixed-to-float perpetual prefe=reds at $88.09. Purchased in 2015. They are callable in 2022 with a very l=w back-end spread of L+228bps if not called. No way these get called. • Cost $88.09 • Bid around $91.00 • -$65K mtm gain on the price. $278K total interest earned since purc