EFTA01207024.txt

"From: Richard Kahn To: Jeffrey E. Subject: Fwd: Citi Preferred [C] Date: Thu, 06 Aug 2015 16:28:25 +0000 per your email i reached out to DB"

"Richard Kahn HBRK Associates Inc."

"i called Andrew Atlas at Morgan Stanley and asked him to bid"

"i called Andrew Atlas at Morgan Stanley and asked him to bid"

"From: Vahe Stepanian To: Richard Kahn Subject: RE: CM Preferred [C]"

"Citibank Preferred Ser C 5.8% 10/28/14 49,033.00 1,180,739"

"attached below is your current exposure to Citi Preferred Stocks ... 7,086,140"

"Vahe Stepanian... Deutsche Bank does not render legal or tax advice"

"Can you please obtain a quote for Jeffrey on the following preferred ... Should Southern Financial wish to purchase"