<table><tr><th>From:</th><th>Richard Kahn</th></tr><tr><td>Sent:</td><td>Tuesday, May 10, 2016 5:33 PM</td></tr><tr><td>To:</td><td>jeffrey E.</td></tr><tr><td>Subject:</td><td>Fwd: GS preferred</td></tr></table>

bid ask still 72.75 x 73.75
our order is =n to purchase $3,000,000 of this bond at 73 shall =e keep at 73 or increase?
please advise
thank you

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

Begin forwarded message:

From: =/b>"Pollard, James 5"

Subject: =/b>RE: GS =referred

Date: =/b>May 10, 2016 at 1:30:17 PM =DT

To: =/b>Richard Kahn <richardkahn12@gmail.com>, "Minsky, Julie

$72.75 x $73.75

There is a current bid of $500 face @ $73.625. Do =ou want to hit that?

From: Richard Kahn
Sent: Tuesday, May 10, 2016 1:27 PM
To: Minsky, Julie
Cc: Pollard, James S

Subject: Re: GS preferred

can you please provide bid ask

thanks

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

On May 10, 2016, at 12:11PM, =insky, Julie

wrote:

Just called the desk the price is still =3.75

Julie Minsky
Client Associate

Team Darrah | Merrill Lynch Wealth Management
The Park Avenue Office
200 Park Avenue | 34th Floor | New York | New York 10166
2.  Direct

julie.minsky@ml.com <mailto:james.pollard@ml.com>

Team Darrah =ebsite <http://fa.ml.com/john_w_darrah>

any update on order and what is current bid ask

thank you

=

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

On May 10, 2016, at 9:36 AM, =ollard, James S <james.pollard@ml.com <mailto:james.pollard@ml.com> > wrote:

B/A $72.8 x $73.75

There is a bid for $1MM face at $73.75

They said $73 might be a bit too low. They =uggested possibly $73.5

ok

thanks

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

On May 9, 2016, at 4:07 PM, =ollard, James S <james.pollard@ml.com <mailto:james.pollard@ml.com> > wrote:

We'll confirm in the AM.

From: Richard Kahn
Sent: Monday, May 09, 2016 4:05 PM
To: Pollard, James S
Cc: Minsky, Julie
Subject: GS preferred

lets work order tomorrow am

please bid 73 for 3,000,000 =f CUSIP: =81427AA1

thank you

Richard Kahn
HBRK Associates Inc.
575 Lexington Avenue 4th Floor
New York, NY 10022
tel: 
fax: 
cell:

## On May 9, 2016, at 3:30 PM, =ollard, James S <james.pollard@ml.com

<mailto:james.pollard@ml.com> > wrote:

Getting an indication on from the desk

From: Richard Kahn Imailto:richardkahnl2@gmail.com]
Sent: Monday, May 09, 2016 3:28 PM
To: Pollard, James
Cc: Minsky, Julie
Subject: Re:

CUSIP: =81427AA1on GS bond we just discussed

Richard Kahn
HBRK Associates Inc.
575 Lexington Avenue 4th Floor
New York, NY 10022
tel: 
fax: 
cell:

## On May 9, 2016, at 3:30 PM, =ollard, James S <james.pollard@ml.com (cont.)

## On May 6, 2016, at 2:19 PM, =ollard, James S <james.pollard@ml.com

<mailto:james.pollard@ml.com> > wrote:

Thanks for this.

Unfortunately the Gabelli preferred completely sold =ut yesterday and there is nothing new being offered today.

From: Richard Kahn (mailto:richardkahn12@gmailcomj
Sent: Friday, May 06, 2016 2:18 PM
To: Minsky, Julie
Cc: Pollard, James S
Subject:

sorry for delay on form

is that preferred still available = when is offering?

please advise

thanks

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

## On May 6, 2016, at 2:19 PM, =ollard, James S <james.pollard@ml.com (cont.)

Begin forwarded message:

From: hbrkscanner@gmail.com

Date: May 6, =016 at 10:04:19 AM EDT

To: richardkahn12@gmail.com

-----------------
CS 3051ci
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message.
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contain information that is =rivileged, confidential and/or proprietary and subject to important =erms and conditions
available at http://www.bankofamerica.com/emaildisclaimer. If you are =ot the intended recipient, please delete this
message.
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## On May 6, 2016, at 2:19 PM, =ollard, James S <james.pollard@ml.com (cont.)

This message, and any attachments, is for =he intended recipient(s) only, may contain information that is =rivileged, confidential and/or proprietary and subject to important =erms and conditions available at http://www.bankofamerica.com/emaildisclaimer. If you are =ot the intended recipient, please delete this message.

This message, and any attachments, is for =he intended recipient(s) only, may contain information that is =rivileged, confidential and/or proprietary and subject to important =erms and conditions available at http://www.bankofamerica.com/emaildisclaimer. If you are =ot the intended recipient, please delete this message.

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