From: Richard Kahn
Sent: Friday, September 30, 2016 8:58 PM
To: Jeffrey E.
Subject: paul b

Richard Kahn
HBRK Associates Inc.
575 Lexington =venue 4th Floor
New York, NY 10022
████████████████████████

Begin forwarded message:

From: =/b>"Barrett, Paul 5"

Subject: =/b>RE:

Date: =/b>September 30, 2016 at 4:54:40 =M EDT

To: =/b>Richard Kahn <richardkahn12@gmail.com>

We both wish that I could cover you

Paul Barrett | Managing Director I Global Investment =pportunities Group I J.P. Morgan Securities LLC I J.P. =organ Private Bank 1 1.P. Morgan Chase Bank =.A.

320 Park Avenue, 14th Floor, New York, NY 10022 I

1>

NOT AN OFFICIAL CONFIRMATION: For informational purposes only. =his report does not represent an official account of the holdings, =alances, or transactions made in your account and is being provided at your request. Please refer to your monthly account statement =or the official record of all of your account activities. For =uestion, please call your J.P. Morgan representative.

In =iscussion of options and other strategies, results and risks are based =olely on hypothetical examples cited; actual results and risks will vary depending on specific circumstances. Investors are urged to =onsider carefully whether option or option-related products in general, =s well as the products or strategies discussed herein are suitable to =heir needs. In actual transactions, the client's counterparty for OTC derivatives applications is JPMorgan Chase Bank, =.A., and affiliates. For a copy of the "Characteristics and =isks of Standardized Options" booklet, please contact your =PMorgan Advisor.

This email is =onfidential and subject to important disclaimers and conditions =ncluding on offers for the purchase or sale of securities, accuracy and =ompleteness of information, viruses, confidentiality, legal privilege, =nd legal entity disclaimers, available at http://www.jpmorgan.com/pages/disclosures/email.

## From: Richard Ka

Sent: Friday, September 30, 2016 4:36 PM
To: Barrett, Paul S
Subject: Re:

thank you

shows you the great service =joke) we are getting without you..

Richard Kahn
HBRK Associates Inc.
575 Lexington Avenue 4th Floor
New York, NY 10022
████████████████████████

On Sep 30, 2016, at 4:35 PM, =arrett, Paul S <pauls@arrett.com> wrote:

## From: Richard Ka (cont.)

Thanks

As an FYI - The RBS T's were =alled last week.

Paul Barrett I Managing Director I Global Investment =pportunities Group I J.P. Morgan Securities LLC J.P. =organ Private Bank I J.P. Morgan Chase Bank =.A.

320 Park Avenue, 14th Floor, New York, NY <u>1002a</u>

NOT AN OFFICIAL CONFIRMATION: For informational purposes only. =his report does not represent an official account of the holdings, =alances, or transactions made in your account and is being provided at your request. Please refer to your monthly account statement =or the official record of all of your account activities. For =uestion, please call your J.P. Morgan representative.

In discussion of options and other =trategies, results and risks are based solely on hypothetical examples =ited; actual results and risks will vary depending on specific circumstances. Investors are urged to consider carefully =hether option or option-related products in general, as well as the =roducts or strategies discussed herein are suitable to their needs. In =ctual transactions, the client's counterparty for OTC derivatives applications is JPMorgan Chase Bank, N.A., and =ffiliates. For a copy of the "Characteristics and Risks of =tandardized Options" booklet, please contact your JPMorgan =dvisor.

This email is confidential and =ubject to important disclaimers and conditions including on offers for the purchase or sale of securities, accuracy and completeness of =nformation, viruses, confidentiality, legal privilege, and legal entity =isclaimers, available at http://www.jpmorgan.com/pages/disclosurestemail.

From: Richard Kah

Sent: Friday, September 30, 2016 4:30 PM
To: Barrett, Paul S
Subject:

attached is list for your review

## From: Richard Ka (cont.)

thank you

=

Purchase

Quantity

Asset Description

Date

Bank of America 8.125% Pfd 12/29/2049
05/10/11
3,000,000

JP Morgan Chase 7.9% Pfd 4/30/2049
05/10/11
3,000,000

Ipayment Inc 10.25% 5/15/2018
10/02/12
500,000

JPM Tr Flt Rate Income Fund
01/22/13
230,554.049

4

## From: Richard Ka (cont.)

Citibank Preferred Ser C 5.8%: 10/28/14, 49,033.00
Citibank Preferred Ser C 5.8%: 10/29/14, 150,967.00
Citibank Preferred Ser K =.875%: 2/3/14, 79,000.00
JPM Trust FLT RT Income fund: = 02/13/13, 172,709.589
Western Digital Corp 7.375% Matures 4-1-2023: 06/09/16, 2,000,000
Nationwide Society 6.875% GBP callable 6/20/2019: 4/15/14, 2,000,000
Charles Schwab 6.0% Preferred $25 par: 7/27/15, 40,000
Wells Fargo 5.7% Preferred $25 par: 1/19/16, 120,000
Ebay 6% Preferred $25 par matures 2-1-2056: 2/22/16,

## From: Richard Ka (cont.)

80,000

Royal Bank Scotland 7.64% Fixed to 9-29-2017 then 3M =ibor +232bp 11/10/15 5,000,000
Goldman Sachs 5.375% Fixed to 5-10-2020 then 392.2 =ver 3 mo libor 6/4/15 5,000,000
Capital One 5.55% Fixed to 9-1-2020 then 380 over 3 =o libor 5/14/15 3,000,000
Bank of America 8.125% Pfd Dec 29 =049 1/10/11 2,000,000
Barclays Bank PLC 7.75% =/10/2023 4/3/13 300,000
Citigroup Inc - Series Q 5.95% 8/6/15 3,000,000
Earthlink Inc 8.875% May 15 2019 10/22/12 146,000
Earthlink Inc 8.875% May 15 2019 10/23/12 600,000
Frontier Communications 8.5% 4/15/2020

## From: Richard Ka (cont.)

7/6/15
3,000,000
General Electric Co GTD Fixed to Floate 4.0% =ec 15 2065

12/3/15
2,469,000
JP Morgan Chase & Co Pfd 7.9% April =0 2049

6/15/11
2,500,000
JP Morgan Chase & Co Pfd 7.9% April =0 2049

6/15/11
2,500,000
LBG Capital 12/29/49

5/21/13
1,903,000
Lloyds Bank 9.875% 12/16/2021

5/10/12
1,500,000
Southern Cal Edison 6.25% Dec 31 =049

1/30/12
3,000,000
GMAC Cap TR I GTD Pfd Sec Ser 2 8

2/22/12
80,000
Royal Bank Scotland Group PLC 7.25% Ser T

10/24/12
40,000

## From: Richard Ka (cont.)

Royal Bank Scotland Group PLC 7.25% Ser T

1/7/13

40,000

Royal Bank Scotland Group PLC 7.25% Ser T

1/14/13

40,000

Washington Mutual Mtg 2004•RA2 cl CB1 var =125/2033

11/19/13

625,690

Richard Kahn
HBRK Associates Inc.
575 Lexington Avenue 4th Floor
New York, NY 10022
████████████████████████

This email is confidential and =ubject to important disclaimers and conditions including on offers for =he purchase or sale of securities, accuracy and completeness of information, viruses, confidentiality, legal =rivilege, and legal entity disclaimers, available at http://www.jpmorgan.com/pages/disclosures/email

This email is confidential and subject to important disclaimers and =onditions including on offers for the purchase or sale of securities, =ccuracy and completeness of information, viruses, confidentiality, =egal privilege, and legal entity disclaimers, available at http://www.jpmorgan.com/pages/disclosures/email

=