EFTA01373699

Cc: Stewart Oldfield Subject: Richard Kahn / Epstein Total Return Swap [I] Classification: For Internal use only Vahe, Stew spoke to Richard yesterday who would like to move forward on a $20MM total return swap on a basket of preferreds. We're going to put a basket together from the list of preferreds we originally provided, but I thought I'd check to see if Capital Markets might also be able to put together the basket for the swap. Also, what are next steps to provide indicative terms to Richard? Thanks in advance. Best regards, Andrew King Andrew King, CFA Vice President I Investment Solutions Group Deutsche Bank Securities Inc. Deutsche Asset 8 Wealth Management 345 Park Avenue, New York, NY 10154 Tel. Fax Mobile Email PoW;407,-, -fr PW,Onst, CONFIDENTIAL - PURSUANT TO FED. R. GRIM. P. 6(e) DB-SDNY-0068016 CONFIDENTIAL SDNY_GM_00214200 EFTA01373699