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EFTA01458036

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please work $3,000,000 order at 100.00 for Citi Preferred Q please email or call Darren if you need to confirm thank you Richard Kahn HBRK Associates Inc. 575 Lexington Avenue 4th Floor New York NY 10022 tel fax cell On Aug 6, 2015, at 12:19 PM, Vahe Stepanian <vahe.stepanian@db.com> wrote: Classification: Confidential Per our conversation: <image001.jpg> From: Vahe Stepanian Sent: Thursday, August 06, 2015 12:13 PM To: 'Richard Kahn'; Paul Morris Cc: Daniel Sabba; Mane Dwyer; Amanda IGrby Subject RE: Citi Preferred [C] Classification: Confidential Rich - I checked in with our traders. We believe that you're referring to the pref that I've detailed in the Bloomberg screenshot below. Assuming this is the case, an indicative offer on $2-3mm is 100.125. Should Southern Financial wish to purchase, it would be helpful to have a firm level to work today. I will follow up with a phone call. Thank you, Vahe gin <image002.jpg> CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0117796 CONFIDENTIAL SONY GM_00263980 EFTA01458036