EFTA02667715

From: Richard Kahn < > Sent: Tuesday, December 6, 2016 7:32 PM To: Jeffrey E. Subject: Fwd: List of preferreds please advise if you like any of attached trade =deas thank you Richard Kahn HBRK Associates Inc. 575 Lexington =venue 4th Floor New York, NY 10022 Begin forwarded message: From: =/b>"Ens, Amanda" < Subject: qb>List of =referreds Date: =/b>December 6, 2016 at 2:28:26 PM =ST To: =/b>Richard Kahn Rich, Just to summarize: 1. Add to TEVA Pfd (TEWF) @ 11.1% yield (vs =ommon at 3.88%) 2. Add to AGN A Pfd @ 7.7% yield (vs common at =A6%) 3. Buy HES A Pfd @ 5.6% yield (vs common at =.67%) 4. Buy WFC L Pfd @ 6.3% yield QDI-eligible (vs =ommon at 2.76%) 5. Buy FTR Pfd (FTRPR) @ 15% yield (vs common =t 11.95%) EFTA_R1_01919582 EFTA02667715 TEVA, AGN, HES and FTR =re mandatory convert pfds — convert into equity within a few =ears; these are not QDI-eligible. I added FTR in case you have capacity to add to FTR =you already own the high yield bonds) WFC is not a mandatory convert; it is =DI-eligible Please let me know if =ou'd like any other details or info about the underlying =ompanies. Thanks, Amanda Amanda =ns Director Bank of America Merrill =ynch Merrill Lynch, =ierce, Fenner & Smith Incorporated One Bryant Park, 5th Floor, New York, NY 10036 The power =f global connections"' This message, and any attachments, is for the intended =ecipient(s) only, may contain information that is privileged, =onfidential and/or proprietary and subject to important terms and =onditions available at http://www.bankofamerica.com/emaildisclaimer. If you =re not the intended recipient, please delete this message. 2 EFTA_R1_01919583 EFTA02667716 EFTA_R1_01919584 EFTA02667717