EFTA01422345.pdf

Final Selected List of Preferred Equity Securities All data as of June 15, 2016 Source: Bloomberg Financial, LP and Deutsche Wealth Management Common Equity Information Preferred Equity Information Issuer Name Common Equity Symbol Common Eq. Bloomberg Cons. Rating (5 = Buy, 1 = Sell) Common Eq. DB Global Markets Rating Preferred Equity Symbol Cusip Average Daily Volume - 30 Day Period Dividend Moody's Rating S&P Rating Ask Strip Yield Call Date Yield-to-Call Industry Issue Date Issue Size QDI DRD DIV-RIGHTS AEGON NV AEG 4 Buy AEH Pfd 007924301 64501 6.375 Baal BBB 26.25 6.088885793594731 7/11/2016 -54.71938775510199 Insurance 6/1/2005 40MM Yes No NON-CUMULATIVE AEGON NV AEG 4 Buy AED Pfd 007924400 20315.633333333335 6.50 Baal BBB 26.09 6.24681319092023 9/15/2016 -10.721192376040962 Insurance 11/23/2005 20MM Yes No NON-CUMULATIVE AEGON NV AEG 4 Buy aek pfd 007924608 39011.76666666667 8 Baal BBB 28.04 7.201152184349496 8/15/2017 -1.769692901139879 Insurance 1/31/2012 21MM No No NON-CUMULATIVE ALLSTATE CORP ALL 4.153846263885498 Buy all a Pfd 020002408 12894.333333333334 5.625 Baa3 BBB- 27.19 5.229791215112934 6/15/2018 1.6533329740774971 Insurance 6/12/2013 11.5MM Yes Yes NON-CUMULATIVE ALLSTATE CORP ALL 4.153846263885498 Buy all f Pfd 020002853 14421.10 6.25 Baa3 BBB- 27.95 5.657993172688238 10/15/2019 2.867840478496244 Insurance 6/12/2014 10MM Yes Yes #N/A N Ap ALLSTATE CORP ALL 4.153846263885498 Buy all d Pfd 020002804 7218.20 6.625 Baa3 BBB- 27.96 5.999656623425954 4/15/2019 2.691697185091323 Insurance 12/23/2013 5.4MM Yes Yes NON-CUMULATIVE ALLSTATE CORP ALL 4.153846263885498 Buy all e Pfd 020002879 43252.03333333333 6.625 Baa3 BBB- 28.06 5.978001705673024 4/15/2019 2.5524756255802523 Insurance 3/3/2014 29.9MM Yes Yes NON-CUMULATIVE ALLSTATE CORP ALL 4.153846263885498 Buy all c Pfd 020002606 22617.566666666666 6.75 Baa3 BBB- 28.24 6.052929505789515 10/15/2018 1.584032304038131 Insurance 9/30/2013 15.4MM Yes Yes NON-CUMULATIVE BAC CAPITAL TRUST VIII N/A Not Rated Not Rated BAC Z Pfd 05518T209 24754.866666666665 6 Bal BB+ 25.82 5.832982274214978 6/24/2016 -93.99690162664602 Banks 8/25/2005 21.2MM No No CUMULATIVE BANK OF AMERICA CORP BAC 4.50 Buy BAC a Pfd 060505260 441034.73333333334 6 Ba2 BB+ 25.73 5.877359106641415 4/25/2021 5.525480300254394 Banks 4/25/2016 36MM Yes Yes NON-CUMULATIVE EFTA01422345 BANK OF AMERICA CORP BAC 4.50 Buy BAC c Pfd 060505286 164636.86666666667 6.20 Ba2 BB+ 26.13 6.006102975604244 1/29/2021 5.303450004360207 Banks 1/29/2016 44MM Yes Yes NON-CUMULATIVE BANK OF AMERICA CORP BAC 4.50 Buy BAC D Pfd 060505831 32385.433333333334 6.204 Ba2 BB+ 25.75 6.042509894723582 9/14/2016 -6.029126213592211 Banks 9/14/2006 33MM Yes Yes NON-CUMULATIVE BANK OF AMERICA CORP BAC 4.50 Buy bml I pfd 060505617 28263.366666666665 6.375 Ba2 BB+ 25.84 6.203901564761839 7/11/2016 -35.70917182662537 Banks 11/17/2005 32.4MM Yes Yes NON-CUMULATIVE BANK OF AMERICA CORP BAC 4.50 Buy BAC y Pfd 060505310 109117.23333333334 6.50 Ba2 BB+ 26.75 6.15263261684086 1/27/2020 4.667258882165855 Banks 1/27/2015 44MM Yes Yes NON-CUMULATIVE BANK OF AMERICA CORP BAC 4.50 Buy BAC I Pfd 060505740 25105.50 6.625 Ba2 BB+ 26.80 6.182159867802871 10/1/2017 0.8087147973191089 Banks 9/26/2007 22MM Yes Yes NON-CUMULATIVE BANK OF AMERICA CORP BAC 4.50 Buy BAC w Pfd 060505344 86450.43333333333 6.625 Ba2 BB+ 26.83 6.209328572414179 9/9/2019 4.247574702514301 Banks 9/9/2014 44MM Yes Yes NON-CUMULATIVE BANK OF NEW YORK MELLON BK 3.86956524848938 Buy bk c pfd 064058209 45881.40 5.20 Baal BBB 25.96 5.017475395072582 9/20/2017 2.079913114294489 Banks 9/19/2012 23.3MM Yes Yes NON-CUMULATIVE BARCLAYS BANK PLC BCS 4.333333492279053 Hold bcs pfd 06739F390 48383.566666666666 6.625 Ba2 BB 25.58 6.4958144893431875 9/15/2016 -2.747435956399744 Banks 4/25/2006 30MM Yes No NON-CUMULATIVE BARCLAYS BANK PLC BCS 4.333333492279053 Hold BCS A Pfd 06739H776 66128.66666666667 7.10 Ba2 Not Rated 25.64 6.946822562496942 9/15/2016 -3.241717904010265 Banks 9/13/2007 55MM Yes No NON-CUMULATIVE BARCLAYS BANK PLC BCS 4.333333492279053 Hold bcs c pfd 06739H511 166723.56666666668 7.75 Ba2 BB 25 7.780148073785921 6/15/2016 #N/A N/A Banks 12/7/2007 46MM Yes No NON-CUMULATIVE BARCLAYS BANK PLC BCS 4.333333492279053 Hold BCS D PFD 06739H362 186034 8.125 Ba2 BB 25.77 7.913415064707387 9/15/2016 -4.309046086420603 Banks 4/11/2008 106MM Yes No NON-CUMULATIVE BB&T CORPORATION BBT 3.9166667461395264 Buy bbt f Pfd 054937602 21739.70 5.20 Baal BBB- 25.37 5.149081307074486 11/1/2017 4.285508847973367 Banks 10/31/2012 18MM Yes Yes NON-CUMULATIVE BB&T CORPORATION BBT 3.9166667461395264 Buy bbt g Pfd 054937800 27776.666666666668 5.20 Baal BBB- EFTA01422346 25.52 5.118670020780925 6/1/2018 4.2285536695663355 Banks 5/1/2013 20MM Yes Yes NON-CUMULATIVE BB&T CORPORATION BBT 3.9166667461395264 Buy bbt e pfd 054937404 70565.50 5.625 Baal BBB- 25.71 5.498063459870245 8/1/2017 3.290672895468316 Banks 7/31/2012 46MM Yes Yes NON-CUMULATIVE BB&T CORPORATION BBT 3.9166667461395264 Buy bbt h pfd 054937875 121528.73333333334 5.625 Baal BBB- 25.82 5.474519154734242 6/1/2021 4.9412805394360655 Banks 3/9/2016 18.6MM Yes Yes NON-CUMULATIVE BB&T CORPORATION BBT 3.9166667461395264 Buy bbt d pfd 054937206 25806.966666666667 5.85 Baal BBB- 26.49 5.549889713730048 5/1/2017 -0.6674203225789336 Banks 5/1/2012 23MM Yes Yes NON-CUMULATIVE CAPITAL ONE FINANCIAL CO COF 3.903225898742676 Hold cof p pfd 14040H402 48508.333333333336 6 Baa3 BB 26.12 5.772190867111338 9/1/2017 2.4597202919690577 Banks 8/20/2012 35MM Yes Yes NON-CUMULATIVE CAPITAL ONE FINANCIAL CO COF 3.903225898742676 Hold cof f pfd 14040H881 61240.53333333333 6.20 Baa3 BB 26.56 5.866274179983179 12/1/2020 4.717925854007589 Banks 8/24/2015 20MM Yes Yes NON-CUMULATIVE CAPITAL ONE FINANCIAL CO COF 3.903225898742676 Hold cof c pfd 14040H600 33836.90 6.25 Baa3 BB 26.49 5.9295412379827965 9/1/2019 4.353628697338973 Banks 6/12/2014 20MM Yes Yes NON-CUMULATIVE CAPITAL ONE FINANCIAL CO COF 3.903225898742676 Hold cof d pfd 14040H709 48497.10 6.70 Baa3 BB 27.93 6.029276486821581 12/1/2019 3.2037952222126633 Banks 10/31/2014 20MM Yes Yes NON-CUMULATIVE CHARLES SCHWAB CORP SCHW 4.095238208770752 Buy schw d Pfd 808513600 201848.93333333332 5.95 Baa2 BBB 26.14 5.719442901696073 6/1/2021 4.97612216619276 Diversified Finan Sery 3/7/2016 30MM Yes Yes NON- CUMULATIVE CHARLES SCHWAB CORP SCHW 4.095238208770752 Buy schw c Pfd 808513402 69323.96666666666 6 Baa2 BBB 26.48 5.69331983805668 12/1/2020 4.599231499414014 Diversified Finan Sery 8/3/2015 24MM Yes Yes NON- CUMULATIVE CHARLES SCHWAB CORP SCHW 4.095238208770752 Buy schw b Pfd 808513204 23352.733333333334 6 Baa2 BBB 26.40 5.710659898477157 9/1/2017 1.537390158537474 Diversified Finan Sery 6/6/2012 19.4MM Yes Yes NON- CUMULATIVE CITIGROUP CAPITAL XIII C 4.625 Hold c n pfd 173080201 156560 7.00835 Bal BB+ 25.83 6.8463592729167715 7/11/2016 -25.37967673170323 Banks 10/5/2010 89.84MM No No CUMULATIVE EFTA01422347 CITIGROUP INC C 4.625 Hold c c pfd 172967366 33135.333333333336 5.80 Ba2 BB+ 26.13 5.607958574160418 4/22/2018 3.7716946584808677 Banks 3/26/2013 23MM Yes Yes NON-CUMULATIVE CITIGROUP INC C 4.625 Hold C S Pfd 172967317 193281.86666666667 6.30 Ba2 Not Rated 26.03 6.098889130908299 2/12/2021 5.452272341405352 Banks 2/2/2016 41.4MM Yes Yes NON-CUMULATIVE CITIGROUP INC C 4.625 Hold c k Pfd 172967341 110869.66666666667 6.875 Ba2 BB+ 27.80 6.22747258968504 11/15/2023 5.154250756525354 Banks 10/31/2013 59.8MM Yes Yes NON-CUMULATIVE CITIGROUP INC C 4.625 Hold c l Pfd 172967333 43265.63333333333 6.875 Ba2 BB+ 27.43 6.317631360466815 2/12/2019 3.3081306517336406 Banks 2/12/2014 19.2MM Yes Yes NON-CUMULATIVE CITIGROUP INC C 4.625 Hold c j Pfd 172967358 84152.90 7.125 Ba2 BB+ 28.49 6.350349919135165 9/30/2023 5.079865956158894 Banks 9/19/2013 38MM Yes Yes NON-CUMULATIVE CITIGROUP INC C 4.625 Hold c p pfd 172967572 6881.10 8.125 Ba2 BB+ 28.26 7.2485047635686435 2/15/2018 0.6531028229271563 Banks 1/25/2008 148.6MM Yes Yes NON-CUMULATIVE COUNTRYWIDE CAPITAL IV Not Rated Not Rated CFC A Pfd 22238E206 21432.966666666667 6.75 Bal BB+ 25.84 6.62308513117388 7/11/2016 -19.473531739423848 Banks 4/11/2003 20MM No No CUMULATIVE COUNTRYWIDE CAPITAL V Not Rated Not Rated CFC B Pfd 222388209 69205.63333333333 7 Bal BB+ 25.87 6.826160447276037 6/20/2016 -118.83593793141539 Banks 11/8/2006 59.8MM No No CUMULATIVE DB CONT CAP TRST II Not Rated Not Rated DXB Pfd 25153X208 199748.33333333334 6.55 B1 B+ 24.90 6.608901837627858 5/23/2017 7.553000054556309 Banks 5/23/2007 32MM Yes No NON-CUMULATIVE DB CONT CAP TRUST III Not Rated Not Rated dtk pfd 25154A108 171946.10 7.60 B1 B+ 25.43 7.5151621692889155 2/20/2018 6.9018678221475485 Banks 2/20/2008 79MM Yes No NON-CUMULATIVE DB CONT CAPITAL TRUST V Not Rated Not Rated dkt pfd 25150L108 130880.63333333333 8.05 B1 B+ 26.04 7.860112775531129 6/30/2018 6.787599370663995 Banks 5/9/2008 55.4MM Yes No NON-CUMULATIVE DIGITAL REALTY TRUST INC DLR 3.777777671813965 Buy Dlr g Pfd 253868889 17012.1 5.875 Baa3 BB+ 25.51 5.759388279440617 4/9/2018 4.595566465097252 REITS 4/9/2013 10MM No No CUMULATIVE DIGITAL REALTY TRUST INC DLR 3.777777671813965 Buy Dlr i Pfd 253868863 27648.40 6.35 Baa3 Not Rated 26.47 5.999354400182658 8/24/2020 EFTA01422348 4.744170335430644 REITS 8/24/2015 10MM No No CUMULATIVE DIGITAL REALTY TRUST INC DLR 3.777777671813965 Buy Dlr f Pfd 253868806 10532.166666666666 6.625 Baa3 BB+ 26.47 6.259259307859767 4/5/2017 -0.9955985142589223 REITS 4/5/2012 7.3MM No Not Confirmed CUMULATIVE DIGITAL REALTY TRUST INC DLR 3.777777671813965 Buy Dlr e Pfd 253868707 19452 7 Baa3 BB+ 25.46 6.876152847054715 9/15/2016 -1.5870897487204423 REITS 9/15/2011 11.5MM No No CUMULATIVE DIGITAL REALTY TRUST INC DLR 3.777777671813965 Buy Dlr h Pfd 253868871 45421.666666666664 7.375 Baa3 BB+ 28.31 6.515073622785827 3/26/2019 2.3423659503339382 REITS 3/26/2014 14.6MM No No CUMULATIVE DTE ENERGY CO DTE 3.799999952316284 Hold dtq pfd 233331701 16156.166666666666 5.25 Baal BBB- 25.14 5.245104569068869 12/1/2017 5.045071054352103 Electric 10/1/2012 8MM No No CUMULATIVE DTE ENERGY CO DTE 3.799999952316284 Hold dtj pfd 233331800 Not Available 5.375 Baal BBB- 25 5.389484238892022 6/1/2021 5.454169753642213 Electric 5/27/2016 12MM No No CUMULATIVE DTE ENERGY CO DTE 3.799999952316284 Hold dtz pfd 233331602 19036.466666666667 6.50 Baal BBB- 25.75 6.346279019310046 12/1/2016 0.5472555723521456 Electric 12/7/2011 11.2MM No No CUMULATIVE EBAY INC EBAY 3.454545497894287 Hold ebayl Pfd 278642202 193729.76666666666 6 Baal BBB+ 26.18 5.786664952099273 3/1/2021 5.0609434463893965 Internet 2/29/2016 30MM Not Confirmed Not Confirmed #N/A N Ap FIFTH THIRD BANCORP FITB 3.621621608734131 Hold fitbi Pfd 316773605 41502.26666666667 6.625 Baa3 BB+ 31.07 5.397035703597514 12/31/2023 3.203088230362727 Banks 12/9/2013 18MM Yes Yes NON-CUMULATIVE FIRST REPUBLIC BANK FRC 3.86956524848938 Hold frc g pfd 33616C837 48258.73333333333 5.50 Baa3 BBB- 25.76 5.337732919254658 3/30/2021 4.749353597640982 Banks 2/10/2016 6MM Yes Yes NON-CUMULATIVE FIRST REPUBLIC BANK FRC 3.86956524848938 Hold frc f pfd 33616C852 10771.60 5.70 Baa3 Not Rated 27 5.277777777777778 6/30/2020 3.5188763435518466 Banks 5/27/2015 4MM Yes Yes NON-CUMULATIVE FIRST REPUBLIC BANK/CA FRC 3.86956524848938 Hold frc a pfd 33616C209 13772.40 6.70 Baa3 BBB- 25.97 6.449749711205237 1/30/2017 0.045124337179941236 Banks 1/24/2012 7.981MM Yes Yes NON-CUMULATIVE FIRST REPUBLIC BANK/SF FRC 3.86956524848938 Hold frc d pfd 33616C886 11418.566666666668 5.50 Baa3 BBB- EFTA01422349 25.64 5.362714508580343 6/29/2018 4.097645062160528 Banks 4/23/2013 7.6MM Yes Yes NON-CUMULATIVE FIRST REPUBLIC BANK/SF FRC 3.86956524848938 Hold frc c pfd 33616C605 8371.433333333332 5.625 Baa3 BBB- 25.71 5.4696616102683775 12/29/2017 3.5976058407926996 Banks 11/23/2012 6MM Yes Yes NON-CUMULATIVE FIRST REPUBLIC BANK/SF FRC 3.86956524848938 Hold frc b pfd 33616C407 10718.266666666666 6.20 Baa3 BBB- 26.04 5.9523809523809526 6/1/2017 1.584050166762755 Banks 6/1/2012 6MM Yes Yes NON-CUMULATIVE FIRST REPUBLIC BANK/SF FRC 3.86956524848938 Hold frc e pfd 33616C860 9294.133333333333 7 Baa3 BBB- 27.95 6.2611806797853315 12/28/2018 2.1049114944506155 Banks 10/28/2013 8MM Yes Yes NON-CUMULATIVE FPL GROUP CAP TRUST I N/A Not Rated Not Rated nee C Pfd 30257V207 13982.133333333333 5.875 Baa2 BBB 26.40 5.567749174874051 7/11/2016 -69.68749999999999 Electric 3/15/2004 12MM No No CUMULATIVE GENERAL ELECTRIC CO GE 3.952380895614624 Hold gek pfd 369622394 41439.8 4.70 Al AA+ 26.14 4.514190887310641 5/16/2018 2.4813205916815817 Miscellaneous Manufactur 5/16/2013 30MM Not Confirmed Not Confirmed UNKNOWN GENERAL ELECTRIC CO GE 3.952380895614624 Hold geb pfd 369622428 41312.23333333333 4.875 Al AA+ 26.42 4.650524972722883 10/15/2017 1.2025798493687898 Miscellaneous Manufactur 10/10/2012 33MM No No #N/A N Ap GENERAL ELECTRIC CO GE 3.952380895614624 Hold geh pfd 369622410 34701.13333333333 4.875 Al AA+ 26.75 4.5845047657298466 1/29/2018 0.918314777968637 Miscellaneous Manufactur 1/29/2013 25.3MM No No #N/A N Ap GMAC CAPITAL TRUST I N/A Not Rated Not Rated ally a pfd 361860208 657658.6333333333 6.4111 B2 B 24.89 6.480001950985192 7/11/2016 22.07621936579219 Banks 3/7/2011 106.68MM No No CUMULATIVE GOLDMAN SACHS GROUP INC GS 4.034482955932617 Hold gs I Pfd 38145G209 48040.60 5.95 Bal BB 25.96 5.779644964666456 11/10/2017 3.5921533262011365 Banks 10/24/2012 34MM Yes Yes NON-CUMULATIVE GOLDMAN SACHS GROUP INC GS 4.034482955932617 Hold GS B Pfd 38144X500 37056.03333333333 6.20 Bal BB 26.05 6.0036796746392955 7/11/2016 -42.57197696737052 Banks 10/31/2005 32MM Yes Yes NON-CUMULATIVE GOLDMAN SACHS GROUP INC GS 4.034482955932617 Hold gs n pfd 381486504 149955.63333333333 6.30 Bal BB 26.58 5.9786476868327405 5/10/2021 4.99664882910391 Banks 2/23/2016 27MM Yes Yes NON-CUMULATIVE GOLDMAN SACHS GROUP INC GS 4.034482955932617 Hold gs k pfd 381486108 53724.36666666667 6.375 Bal BB EFTA01422350 27.56 5.833438182712435 5/10/2024 4.910010616546788 Banks 4/28/2014 28MM Yes Yes NON-CUMULATIVE GOLDMAN SACHS GROUP INC GS 4.034482955932617 Hold gsj pfd 38144G184 63769.76666666667 6.50 A3 BBB+ 25.88 6.338680579257887 11/1/2016 -0.7732735256243628 Banks 10/26/2011 23MM No No UNKNOWN HSBC HOLDINGS PLC HSBC 2.50 Hold EP016745 Pfd 404280604 68612.63333333333 6.20 Baa1 BBB- 25.59 6.076478691488029 7/11/2016 -25.932004689331745 Banks 9/22/2005 58MM Yes No NON-CUMULATIVE HSBC HOLDINGS PLC HSBC 2.50 Hold Hseb Pfd 404280802 263831.56666666665 8 Baa1 BBB- 26.12 7.688036560884978 7/11/2016 -52.557427258805475 Banks 6/24/2010 152MM Yes No NON-CUMULATIVE HSBC HOLDINGS PLC HSBC 2.50 Hold Hsea Pfd 404280703 98460.50 8.125 Baal BBB- 27.11 7.614654239377395 7/11/2016 -85.10328292143122 Banks 4/9/2008 88MM Yes No NON-CUMULATIVE HSBC USA INC HSBC 2.50 Hold Husi h Pfd 40428H862 94354.63333333333 6.50 Baa2 BBB- 25.39 6.4024340193605225 6/30/2016 -55.297361165813406 Banks 5/26/2006 14.95MM Yes Yes NON-CUMULATIVE ING GROEP NV ING 4 Buy ISG Pfd 456837509 33451.73333333333 6.125 Baa3 BB+ 25.74 6.024573703350538 7/15/2016 -19.982517482517448 Banks 9/26/2005 28MM Yes No CUMULATIVE ING GROEP NV ING 4 Buy ISP Pfd 456837400 18547.9 6.20 Baa3 BB+ 26.21 5.988538066925669 7/15/2016 -45.188859214040505 Banks 10/28/2003 20MM Yes No CUMULATIVE ING GROEP NV ING 4 Buy ISF Pfd 456837608 48928.73333333333 6.375 Baa3 BB+ 25.64 6.235252405462569 9/15/2016 -3.9902037257960874 Banks 6/13/2007 41.8MM Yes No CUMULATIVE ING GROEP NV ING 4 Buy IND Pfd 456837202 28136.833333333332 7.05 Baa3 BB+ 26.31 6.721487307829818 9/15/2016 -13.994902407941487 Banks 7/18/2002 32MM Yes No CUMULATIVE ING GROEP NV ING 4 Buy INZ Pfd 456837301 49382.80 7.20 Baa3 BB+ 26.33 6.859756097560976 9/15/2016 -14.155179732356277 Banks 12/12/2002 44MM Yes No CUMULATIVE JPMORGAN CHASE & CO 3PM 4.486486434936523 Buy 3PM a Pfd 46637G124 65001.433333333334 5.45 Baa3 BBB- 25.83 5.311452243628356 3/1/2018 3.5995632254342818 Banks 2/5/2013 36MM Yes Yes NON-CUMULATIVE JPMORGAN CHASE & CO 3PM 4.486486434936523 Buy 3PM d Pfd 48126E750 106961.36666666667 5.50 Baa3 BBB- 25.57 5.415414238163354 9/1/2017 3.7912593373337606 Banks 8/27/2012 50.3MM Yes Yes NON-CUMULATIVE JPMORGAN CHASE & CO 3PM 4.486486434936523 Buy 3PM g EFTA01422351 Pfd 48127X542 94176.96666666666 6.10 Baa3 BBB- 26.34 5.833769449218843 9/1/2020 4.76804376416891 Banks 6/4/2015 57MM Yes Yes NON-CUMULATIVE 3PMORGAN CHASE & CO 3PM 4.486486434936523 Buy 3PM f Pfd 48127R461 134445.10 6.125 Baa3 BBB- 26.48 5.826655030973098 3/1/2020 4.473742430763436 Banks 2/12/2015 57.2MM Yes Yes NON-CUMULATIVE JPMORGAN CHASE & CO 3PM 4.486486434936523 Buy 3PM h Pfd 48127V827 119524 6.15 Baa3 BBB- 26.64 5.815213322984669 9/1/2020 4.510619066836509 Banks 7/29/2015 46MM Yes Yes NON-CUMULATIVE JPMORGAN CHASE & CO 3PM 4.486486434936523 Buy 3PM e Pfd 481246700 48795.10 6.30 Baa3 BBB- 26.86 5.908973667549887 9/1/2019 3.9233390184211765 Banks 6/23/2014 35.2MM Yes Yes NON-CUMULATIVE JPMORGAN CHASE & CO 3PM 4.486486434936523 Buy 3PM b Pfd 48127A161 77025.03333333334 6.70 Baa3 BBB- 28.03 6.022727556475555 3/1/2019 2.1949369265579843 Banks 1/30/2014 37MM Yes Yes NON-CUMULATIVE KIMCO REALTY CORP KIM 3.7826087474823 Hold kim j pfd 49446R778 9178.50 5.50 Baa2 BBB- 25.88 5.372449104184812 7/25/2017 3.147390118771025 REITS 7/25/2012 9MM No No CUMULATIVE KIMCO REALTY CORP KIM 3.7826087474823 Hold kim k pfd 49446R745 16811.566666666666 5.625 Baa2 BBB- 25.97 5.476684536885471 12/7/2017 3.6075185621521246 REITS 12/7/2012 7MM No No CUMULATIVE KIMCO REALTY CORP KIM 3.7826087474823 Hold kim I pfd 49446R794 17860.066666666666 6 Baa2 BBB- 26.58 5.710478728466737 3/20/2017 -0.9491171196543277 REITS 3/20/2012 16MM No No CUMULATIVE MERRILL LYNCH CAP III Not Rated Not Rated MER P Pfd 59025D207 30635.833333333332 7.375 Bal BB+ 26.48 6.9695420512110395 7/11/2016 -72.12802114803638 Banks 8/22/2007 30MM No No CUMULATIVE MERRILL LYNCH CAP TRST I Not Rated Not Rated MER K Pfd 590199204 33137.066666666666 6.45 Bal BB+ 26.03 6.200109743544556 7/11/2016 -49.54667691125637 Banks 12/14/2006 42MM No No CUMULATIVE MORGAN STANLEY MS 3.903225898742676 Hold MS i Pfd 617613406 120327.86666666667 6.375 Bal BB 27.25 5.922714383873184 10/15/2024 5.206193163661108 Banks 9/18/2014 40MM Yes Yes NON-CUMULATIVE MORGAN STANLEY MS 3.903225898742676 Hold MS g Pfd 61762V507 79914.20 6.625 Bal BB 27.28 6.150124936500282 7/15/2019 3.873938859517773 Banks 4/29/2014 20MM Yes Yes NON-CUMULATIVE MORGAN STANLEY MS 3.903225898742676 Hold MS F Pfd 61763E207 47293.433333333334 6.875 Bal BB 28.56 6.096505840021529 1/15/2024 4.815281532854802 Banks 12/10/2013 34MM Yes Yes NON-CUMULATIVE EFTA01422352 MORGAN STANLEY MS 3.903225898742676 Hold MS E Pfd 61762V200 67132.73333333334 7.125 Bal BB 30.10 5.993638331244907 10/15/2023 4.089818702158591 Banks 9/30/2013 34.5MM Yes Yes NON-CUMULATIVE MORGAN STANLEY CAP TR V Not Rated Not Rated MWO Pfd 617466206 26327.733333333334 5.75 Baa3 Not Rated 25.67 5.667808899007585 7/11/2016 -17.425009738994977 Diversified Finan Sery 7/16/2003 20MM No No CUMULATIVE MORGAN STANLEY CAP TRUST Not Rated Not Rated MSK Pfd 61753R200 69884.36666666667 6.45 Baa3 BB 25.77 6.342156906928437 7/11/2016 -20.500582072177025 Diversified Finan Sery 4/26/2007 33MM No No CUMULATIVE MORGAN STANLEY CP TR III Not Rated Not Rated MWR Pfd 617460209 64847.23333333333 6.25 Baa3 BB 25.72 6.110095779145835 7/11/2016 -29.618973561430778 Diversified Finan Sery 2/27/2003 35.2MM No No CUMULATIVE MORGAN STANLEY CP TR IV Not Rated Not Rated MWG Pfd 617462205 24395.166666666668 6.25 Baa3 BB 25.41 6.150204391792621 7/11/2016 -19.440389077631803 Diversified Finan Sery 4/21/2003 24.8MM No No CUMULATIVE NEXTERA ENERGY CAPITAL NEE 4.583333492279053 Buy nee j Pfd 65339K886 32730.10 5 Baa2 BBB 25.43 4.958104021022361 1/15/2018 4.457050942546067 Electric 1/18/2013 18MM No No CUMULATIVE NEXTERA ENERGY CAPITAL NEE 4.583333492279053 Buy nee i Pfd 65339K803 31417.633333333335 5.125 Baa2 BBB 25.48 5.0524482466361516 11/15/2017 4.065604386959108 Electric 11/19/2012 20MM No No CUMULATIVE NEXTERA ENERGY CAPITAL NEE 4.583333492279053 Buy nee k Pfd 65339K100 Not Available 5.25 Baa2 BBB 24.99 5.258237906052816 6/1/2021 5.3029416660389685 Electric 6/7/2016 22.8MM No No CUMULATIVE NEXTERA ENERGY CAPITAL NEE 4.583333492279053 Buy nee h Pfd 65339K704 21026.966666666667 5.625 Baa2 BBB 25.70 5.47595144656384 6/15/2017 2.816311263372051 Electric 6/15/2012 14MM No No CUMULATIVE NEXTERA ENERGY CAPITAL NEE 4.583333492279053 Buy nee g Pfd 65339K605 19309.70 5.70 Baa2 BBB 26.04 5.488201169853407 3/1/2017 0.16065970224003367 Electric 3/27/2012 16MM No No CUMULATIVE NORTHERN TRUST CORP NTRS 2.95652174949646 Hold ntrsp Pfd 665859872 23732.70 5.85 Baal BBB+ 27.51 5.317819239597299 10/1/2019 2.5909342836268943 Banks 8/5/2014 16MM Yes Yes NON-CUMULATIVE PARTNERRE LTD PRE Not Rated Not Rated PRE F Pfd EP0438218 10924.066666666668 5.875 Baa2 BBB 25.54 5.775694158561238 3/1/2018 4.733337507082882 Insurance 2/14/2013 10MM Yes No NON-CUMULATIVE PARTNERRE LTD PRE Not Rated Not Rated PRE D Pfd EP0136390 7847.533333333334 6.50 Baa2 BBB 25.69 6.355569679043731 7/11/2016 -27.54379135850515 EFTA01422353 Insurance 11/15/2004 9.2MM Yes No CUMULATIVE PARTNERRE LTD PRE Not Rated Not Rated PRE E Pfd EP0406819 18470.133333333335 7.25 Baa2 BBB 25.52 7.140307033202428 7/11/2016 -16.84169278996869 Insurance 6/15/2011 14.95MM Yes No CUMULATIVE PNC FINANCIAL SERVICES PNC 3.5675675868988037 Buy pnc q pfd 693475832 19026.833333333332 5.375 Baa2 BBB- 25.74 5.244812108333153 12/1/2017 3.4701987000709167 Banks 9/21/2012 19.2MM Yes Yes NON-CUMULATIVE PNC FINANCIAL SERVICES PNC 3.5675675868988037 Buy pnc p pfd 693475857 122732.93333333333 6.125 Baa2 BBB- 29.52 5.233918163357589 5/1/2022 2.914485553986002 Banks 4/24/2012 60MM Yes Yes NON-CUMULATIVE PROTECTIVE LIFE CORP PL Not Rated Not Rated pl e pfd 743674707 14627.766666666666 6 Baa2 BBB 26.12 5.774042471290177 8/15/2017 2.3291356125059113 Insurance 8/20/2012 6MM No No CUMULATIVE PROTECTIVE LIFE CORP PL Not Rated Not Rated pl c pfd 743674608 11672.20 6.25 Baa2 BBB 26.42 5.96108603039359 5/15/2017 0.6112606073849017 Insurance 5/18/2012 11.5MM No No CUMULATIVE PRUDENTIAL FINANCIAL INC PRU 4.222222328186035 Buy PRH Pfd 744320706 46656.26666666667 5.70 Baa2 BBB+ 26.12 5.470512020730361 3/15/2018 3.08665810960979 Insurance 3/14/2013 28.4MM No No CUMULATIVE PRUDENTIAL FINANCIAL INC PRU 4.222222328186035 Buy PJH Pfd 744320607 30284.90 5.75 Baa2 BBB+ 26.41 5.457867634844925 12/4/2017 1.8690648875010447 Insurance 12/4/2012 23MM No No CUMULATIVE PRUDENTIAL PLC PUK 4.333333492279053 Not Rated EP016290 Pfd EP0162909 19151.766666666666 6.50 Baal A- 26.23 6.20373708880358 9/23/2016 -11.788518459470824 Insurance 7/15/2005 12MM Yes No NON-CUMULATIVE PRUDENTIAL PLC PUK 4.333333492279053 Not Rated PUK Pfd EP0125823 13576.166666666666 6.75 Baal A- 26.45 6.476373230990646 7/11/2016 -43.77638464989627 Insurance 8/6/2004 10MM Yes No NON-CUMULATIVE PUBLIC STORAGE PSA 3 Not Rated psa c pfd 74460W750 Not Available 5.125 A3 BBB+ 25.28 5.0696632177386 5/17/2021 4.835111503958966 REITS 5/17/2016 8MM No No CUMULATIVE PUBLIC STORAGE PSA 3 Not Rated psa w pfd 74460W875 33522.066666666666 5.20 A3 BBB+ 25.49 5.101484662844187 1/16/2018 3.8156212856511873 REITS 1/16/2013 20MM No No CUMULATIVE PUBLIC STORAGE PSA 3 Not Rated psa x pfd 74460W107 11558.033333333333 5.20 A3 BBB+ 25.80 5.040170590389213 3/13/2018 3.2063987482598457 REITS 3/13/2013 9MM No No CUMULATIVE PUBLIC STORAGE PSA 3 Not Rated psa v pfd 74460W800 22588.60 5.375 A3 BBB+ 25.60 EFTA01422354 5.25055456438713 9/20/2017 3.286002403081803 REITS 9/20/2012 19.8MM No No CUMULATIVE PUBLIC STORAGE PSA 3 Not Rated psa b pfd 74460W776 71666.6 5.40 A3 Not Rated 25.89 5.215879455230368 1/20/2021 4.5001545813055985 REITS 1/20/2016 12MM No No CUMULATIVE PUBLIC STORAGE PSA 3 Not Rated psa u pfd 74460W602 10430.366666666667 5.625 A3 BBB+ 26.03 5.40404222358324 6/15/2017 1.2554089189496709 REITS 6/15/2012 11.5MM No No CUMULATIVE PUBLIC STORAGE PSA 3 Not Rated psa t pfd 74460W404 18739.033333333333 5.75 A3 BBB+ 26.13 5.5030213448108105 3/13/2017 -0.6361673409899764 REITS 3/13/2012 18.5MM No No CUMULATIVE PUBLIC STORAGE PSA 3 Not Rated psa a pfd 74460W792 16460.833333333332 5.875 A3 BBB+ 27.49 5.344438309641341 12/2/2019 2.787668671256524 REITS 12/2/2014 7.6MM No No CUMULATIVE PUBLIC STORAGE PSA 3 Not Rated psa s pfd 74460W206 19603.666666666668 5.90 A3 BBB+ 25.78 5.723308740710402 1/12/2017 0.046458517710230636 REITS 1/12/2012 18.4MM No Not Confirmed CUMULATIVE PUBLIC STORAGE PSA 3 Not Rated psa z pfd 74460W826 13246.90 6 A3 BBB+ 27.98 5.362569266519692 6/4/2019 1.792463100865671 REITS 6/4/2014 11.5MM No No CUMULATIVE PUBLIC STORAGE PSA 3 Not Rated psa r pfd 74460D125 41972.86666666667 6.35 A3 BBB+ 25.36 6.26203579167089 7/26/2016 -9.604490284404903 REITS 7/26/2011 19.5MM No No CUMULATIVE PUBLIC STORAGE PSA 3 Not Rated psa y pfd 74460W842 20137.866666666665 6.375 A3 BBB+ 28.18 5.657384365651912 3/17/2019 1.5606504353577813 REITS 3/17/2014 11.4MM No No CUMULATIVE REGIONS FINANCIAL CORP RF 3.8787879943847656 Hold rf a Pfd 7591EP308 42732.86666666667 6.375 Ba2 BB 26.38 6.059813928066444 12/15/2017 2.635918770368876 Banks 11/1/2012 20MM Yes Yes NON-CUMULATIVE REGIONS FINANCIAL CORP RF 3.8787879943847656 Hold rf b Pfd 7591EP506 49587.73333333333 6.375 Ba2 BB 27.14 5.889621562943886 9/15/2024 5.108381452543059 Banks 4/29/2014 20MM Yes Yes NON-CUMULATIVE RENAISSANCERE HLDGS LTD RNR 3.125 Buy RNR c Pfd EP0112524 7477.066666666667 6.08 #N/A N/A BBB+ 25.76 5.919054335880372 7/11/2016 -32.099378881987676 Insurance 3/23/2004 10MM Yes No CUMULATIVE RENAISSANCERE HOLDINGS L RNR 3.125 Buy RNR e Pfd EP0444109 22594.266666666666 5.375 Baa2 BBB+ 25.74 5.2348974223879114 6/1/2018 3.9398335575142465 Insurance 5/28/2013 11MM Yes No NON-CUMULATIVE ROYAL BK SCOTLND GRP PLC RBS 4 Hold RBS L Pfd EFTA01422355 780097788 81663.13333333333 5.75 B1 B+ 24.83 5.791230342689762 7/11/2016 13.493933313911933 Banks 6/23/2003 34MM Yes No NON-CUMULATIVE ROYAL BK SCOTLND GRP PLC RBS 4 Hold RBS R Pfd 780097747 34166.63333333333 6.125 B1 B+ 25.19 6.0808546841195925 7/11/2016 -7.167313313543462 Banks 12/27/2006 26MM Yes No NON-CUMULATIVE ROYAL BK SCOTLND GRP PLC RBS 4 Hold RBS S Pfd 780097739 45360.333333333336 6.60 B1 B+ 25.05 6.589237578621584 7/11/2016 1.078893533251546 Banks 6/28/2007 38MM Yes No NON-CUMULATIVE ROYAL BK SCOTLND GRP PLC RBS 4 Hold RBS h Pfd 780097879 15448.70 7.25 B1 B+ 25.51 7.107862494178905 7/11/2016 -23.987567485187057 Banks 2/8/1999 12MM Yes No NON-CUMULATIVE ROYAL BK SCOTLND GRP PLC RBS 4 Hold RBS T Pfd 780097713 92227.10 7.25 B1 B+ 25.18 7.201052843588166 7/11/2016 -5.942821904383126 Banks 9/27/2007 64MM Yes No NON-CUMULATIVE ROYAL BK SCOTLND GRP PLC RBS 4 Hold RBS f Pfd 780097804 8888.50 7.65 B1 B+ 25.89 7.390054821648514 7/11/2016 -43.266212771475544 Banks 3/26/1997 8MM Yes No NON-CUMULATIVE STATE STREET CORP STT 3.4583332538604736 Hold stt pfd 857477509 27619.966666666667 5.25 Baal BBB 26.28 5.007491366051593 9/15/2017 1.1324649600318535 Banks 8/21/2012 20MM Yes Yes NON-CUMULATIVE STATE STREET CORP STT 3.4583332538604736 Hold stt g pfd 857477855 191454 5.35 Baal BBB 26.42 5.076015038045137 3/15/2026 4.631380531459765 Banks 4/11/2016 20MM Yes Yes NON-CUMULATIVE STATE STREET CORP STT 3.4583332538604736 Hold stt d pfd 857477608 58222.566666666666 5.90 Baal BBB 28.15 5.254317371889421 3/15/2024 4.009843908365721 Banks 3/4/2014 30MM Yes Yes NON-CUMULATIVE STATE STREET CORP STT 3.4583332538604736 Hold stt e pfd 857477889 48113.40 6 Baal BBB 26.83 5.607301953210181 12/15/2019 3.774689236897908 Banks 11/25/2014 30MM Yes Yes NON-CUMULATIVE TELEPHONE & DATA SYSTEMS TDS 4.333333492279053 Not Rated TDI Pfd 879433852 5240.266666666666 6.625 Ba2 BB 26.70 6.287691547207118 7/11/2016 -62.38800889043855 Telecommunications 3/31/2005 4.65MM No No #N/A N Ap US BANCORP USB 3.75 Hold usb o pfd 902973791 25387.366666666665 5.15 A3 BBB 26.68 4.875380642582532 7/15/2018 2.277313356541162 Banks 5/2/2013 20MM Yes Yes NON-CUMULATIVE US BANCORP USB 3.75 Hold usb n pfd 902973817 59095.50 6 A3 BBB 26.44 5.741993109608268 4/15/2017 0.2840791480228121 Banks 4/20/2012 43.4MM EFTA01422356 Yes Yes NON-CUMULATIVE US BANCORP USB 3.75 Hold usb m pfd 902973833 77217.50 6.50 A3 BBB 31.06 5.290239733769816 1/15/2022 2.1004214082452752 Banks 1/23/2012 44MM Yes Yes NON-CUMULATIVE VERIZON COMMUNICATIONS VZ 3.6666667461395264 Hold vza pfd 92343V302 41539.333333333336 5.90 Baa1 BBB+ 27.58 5.386488131466829 2/15/2019 2.1060153194956612 Telecommunications 2/6/2014 20MM No No #N/A N Ap VORNADO REALTY TRUST VNO 3.799999952316284 Hold VNO L Pfd 929042844 21520.566666666666 5.40 Baa3 BBB- 25.46 5.3039976426677145 1/25/2018 4.098176847448235 REITS 1/25/2013 12MM Not Confirmed No CUMULATIVE VORNADO REALTY TRUST VNO 3.799999952316284 Hold VNO k Pfd 929042851 14903.766666666666 5.70 Baa3 BBB- 25.71 5.544297641241792 7/18/2017 2.8515649171118165 REITS 7/18/2012 12MM No No CUMULATIVE VORNADO REALTY TRUST VNO 3.799999952316284 Hold VNO g Pfd 929042802 6893.433333333333 6.625 Baa3 BBB- 26.09 6.3504573793779215 7/11/2016 -53.773552967314075 REITS 12/22/2004 8MM No No CUMULATIVE VORNADO REALTY TRUST VNO 3.799999952316284 Hold VNO I Pfd 929042877 7570.533333333334 6.625 Baa3 BBB- 26.20 6.3237857867280045 7/11/2016 -58.97809582004864 REITS 8/31/2005 10.8MM No No CUMULATIVE VORNADO REALTY TRUST VNO 3.799999952316284 Hold VNO j Pfd 929042869 22942.533333333333 6.875 Baa3 BBB- 26.38 6.517711717002274 7/11/2016 -67.16477671769506 REITS 4/20/2011 9.85MM Not Confirmed No CUMULATIVE WELLS FARGO & COMPANY WFC 3.8918919563293457 Buy wfc o pfd 949746721 40290.63333333333 5.125 Baa2 Not Rated 25.52 5.033910686965104 12/15/2017 3.7289652588497564 Banks 11/20/2012 26MM Yes Yes NON-CUMULATIVE WELLS FARGO & COMPANY WFC 3.8918919563293457 Buy wfc n pfd 949746747 41412.96666666667 5.20 Baa2 BBB 25.57 5.097761559827896 9/15/2017 3.3687410220041727 Banks 8/16/2012 30MM Yes Yes NON-CUMULATIVE WELLS FARGO & COMPANY WFC 3.8918919563293457 Buy wfc p pfd 949746655 30815.066666666666 5.25 Baa2 BBB 25.73 5.114819580828358 6/15/2018 3.7554935170388117 Banks 3/22/2013 25MM Yes Yes NON-CUMULATIVE WELLS FARGO & COMPANY WFC 3.8918919563293457 Buy wfc w pfd 94988U714 176556.13333333333 5.70 Baa2 BBB 25.80 5.539403461317309 3/15/2021 4.956524941351261 Banks 1/29/2016 40MM Yes Yes NON-CUMULATIVE WELLS FARGO & COMPANY WFC 3.8918919563293457 Buy wfc q pfd 949746556 151515.13333333333 5.85 Baa2 BBB 26.87 5.458553483070558 9/15/2023 4.640335071309427 Banks 7/22/2013 69MM Yes Yes NON-CUMULATIVE WELLS FARGO & COMPANY WFC 3.8918919563293457 Buy wfc t EFTA01422357 pfd 949746366 46705.166666666664 6 Baa2 BBB 26.47 5.683791720610061 9/15/2019 4.0787051333120985 Banks 7/21/2014 32MM Yes Yes NON-CUMULATIVE WELLS FARGO & COMPANY WFC 3.8918919563293457 Buy wfc v pfd 94988U730 78568.13333333333 6 Baa2 BBB 26.58 5.660199364799849 12/15/2020 4.458311796241192 Banks 9/15/2015 40MM Yes Yes #N/A N Ap WELLS FARGO & COMPANY WFC 3.8918919563293457 Buy wfc r pfd 949746465 159854.03333333333 6.625 Baa2 BBB 29.59 5.613914504907467 3/15/2024 3.880085712001011 Banks 12/18/2013 33.6MM Yes Yes NON-CUMULATIVE WELLS FARGO & COMPANY WFC 3.8918919563293457 Buy wfc j pfd 949746879 147941.16666666666 8 Baa2 BBB 27.99 7.172457762193178 12/15/2017 0.025171436103397945 Banks 12/21/2007 92MM Yes Yes NON-CUMULATIVE ZIONS BANCORP ZION 4 Hold zb g pfd 989701859 16676.20 6.30 Not Rated BB- 27.45 5.754212906378741 3/15/2023 4.614163659947496 Banks 2/7/2013 6.873MM Yes Yes NON-CUMULATIVE ZIONS BANCORP ZION 4 Hold zb f pfd 989701867 7490.166666666667 7.90 Not Rated BB- 26.85 7.382832577916919 6/15/2017 0.48481290524824133 Banks 5/7/2012 5.75MM Yes Yes NON-CUMULATIVE ZIONS BANCORPORATION ZION 4 Hold zb h pfd 989701834 9436.733333333334 5.75 Not Rated Not Rated 25.45 5.664327053318557 6/15/2019 5.124902605611914 Banks 5/3/2013 5.049MM Yes Yes NON-CUMULATIVE ZIONS BANCORPORATION ZION 4 Hold zbk Pfd 989701818 4227.333333333333 6.95 Not Rated BB+ 30.45 5.723311513972793 9/15/2023 3.537230275640385 Banks 9/17/2013 3.516MM Not Confirmed Not Confirmed #N/A N Ap IMPORTANT INFORMATION At your request, we are providing the enclosed information which was prepared for you as of the date indicated. The Bank assumes no liability or responsibility for any errors or omissions in the information provided herewith. Deutsche Bank AG, including its subsidiaries and affiliates, does not provide legal, tax or accounting advice. This is for informational purposes only, and is not an offer to buy or sell or a solicitation of an offer to buy or sell instrument, or to participate in any trading strategy. Availability of these products and services may be limited by applicable law. Before entering into any transaction that requires your consent you should take steps to ensure that you understand and have made an independent assessment of the appropriateness of the transaction in light of your institution's objectives and circumstances; including the possible risks and benefits of entering into such transaction. Investors should also consider making such independent investigations as you consider necessary or appropriate for such purposes. Preferred Securities EFTA01422358 Before investing in preferred securities, you should ensure you understand the attendant risks. These risks may include, but are not limited to: * Credit Rating - generally have lower credit ratings than a firm's individual bonds * Deferral - Issuers may defer dividend payments on some issues. Therefore, preferred securities may not be appropriate for investors seeking regular, predictable income. * Call Risk - A company may call a preferred security in a lower interest rate environment and investors will lose the higher coupon. * Non-Cumulative - Issuers of non-cumulative preferred securities are not required to pay out deferred dividends to investors. * Subordinate in Capital Structure - In the event of insolvency, no payments will be made to preferred holders until senior debt holders are made whole. * Voting rights - Unlike common stock, preferred shares typically have no voting rights. * Interest rate risk - Similar to traditional fixed income securities, the market value of preferred securities may be affected by changes and fluctuations in interest rates. * Credit risk - Market value may be affected by issuer