From: "Barrett, Paul S"

From: "Barrett, Paul S" To: "Epstein, Jeffrey ([email protected])" <[email protected]> CC: "Ens, Amanda" Subject: To Sell Date: Tue, 19 Feb 2013 21:31:07 +0000 Jeffrey, Our mortgage desk feels we should sell our WFMBS 2005-9 81 bond. We bought it back in August in Haze. We paid 29.88. They think we should sell it — probably at 29.00 which equates to a 5.9% holding period return. The bond isn't performing as well as we anticipated; we might as well get out now at a small gain as there are more attractive opportunities we can redeploy the cash into. Paul Barrett I Managing Director I Global Investment Opportunities Group 13.P. Morgan Private Bank I 320 Park Avenue, 14th Floor, New York, NY 10022 I T: (212) 622-2770 I F: (212) 310-0108 I ID# 853441 NMLS This email is confidential and subject to important disclaimers and conditions including on offers for the purchase or sale of securities, accuracy and completeness of information, viruses, confidentiality, legal privilege, and legal entity disclaimers, available at hup://www.jumorgan.comepagesidisclosurestemail. EFTA00954600