From: Vahe Stepanian

From: Vahe Stepanian To: Cc: Paul Morris <1 Subject: Trade Report 12/12/13 + DAG [C] Date: Fri, 13 Dee 2013 14:27:26 +0000 Inline-Images: unnamed >, Classification: Confidential Good Morning Jeffrey, Yesterday you executed the following: S 49,504.95 JLTSX (JPM Latin America Fund) @ $17.57 Total Proceeds = $869,801.97; Initial Investment = $1,000,000 Separately, we wanted to point out that your DAG investment (DB Agriculture Fund) currently has a small gain (trading -S7.65 vs. $7.05 cost basis; total gain -$30k) We believe that agriculture will be weak for the next 6-12 mos. May be worth locking in the gain and buying back at a lower level sometime in the near future. Thank you, Vahe Vahe Stepanian Associate I Wealth Investment Coverage Deutsche Bank Securities Inc. Deutsche Asset & Wealth Management New York. NY 10154-0004 Tel. Fax Mobile Email This communication may contain confidential and/or privileged information. If you are not the intended recipient (or have received this communication in error) please notify the sender immediately and destroy this communication. Any unauthorized copying, disclosure or distribution of the material in this communication is strictly forbidden. Deutsche Bank does not render legal or tax advice, and the information contained in this communication should not be regarded as such. EFTA00636343