RE: Southern Financial Call Up (Stewart Oldfield, 03 Jun 2015)

Subject: RE: Southern Financial Call Update: 6/3/2015 [I] From: Stewart Oldfield Date: Wed, 03 Jun 2015 16:16:51 -0400 To: Vahe Stepanian Paul Morris Cc: Daniel Sabba Ariane Dwyer Classification: For internal use only Absolutely correct. We saw the same thing at CS when we did these trades. Most clients assumed they would hold to maturity From: Vahe Stepanian Sent: Wednesday, June 03, 2015 4:14 PM To: Paul Morris; Stewart Oldfield Cc: Daniel Sabba; Ariane Dwyer Subject: Southern Fi