EFTA Document EFTA01479717

Subject: DB CLO Pipeline [C] From: Tazia Smith ‹ > Date: Tue, 09 Se 2014 19:51:45 -0400 To: Cc: Paul Morris < Vahe Stepanian < Classification: Confidential Hi Rich - An FYI of DB's CLO pipeline. We've talked about CLO equity (or debt) in the past, and the illiquidity made it not a fit. But we wanted to keep you up on the DB CLO Pipeline in case JE changed his mind on on the underlier, liquidity, or in case this spurs additional dialogue. Please let us know if you'd like to learn more