EFTA02382947.pdf

From: Richard Kahn < ) Sent: Wednesday, May 27, 2015 2:37 PM To: jeffrey E. Subject: Fwd: Citigroup 5.95% Fixed-to-Float Rate Preferred attached is investment idea from Morgan broker Andrew for a =iti Fixed to Float Preferred 6.0% yield please note we =ave 2,000,000 cash in account as our first investment was in something =imilar $1000 Par Pfd Capital =ne (COF) 5.55% Fixed-to-Float Pfd Stock Rating: Ba1 / BB Coupon =Details): 5.55% to 9/1/2020; Then US 3M Libor +380bp, resets =uarterly Next Call Date: 6/1/2020, Anytime thereafter Maturity: &nb=p; Perpetual Current Yield is =nbsp;5.5223 Yield to 6/1/2020 Call is 5.4346 Presently 3 month LIBOR = =28 Speak =oon, Andrew In addition you =urrently have a few Citi positions and not sure you would like more =xposure to Citi: Purchase Quantity 3/31/15 4/30/15 Unrealized Asset =escription Date Cost Value Value Gain (Loss) Haze Trust - =ixed Income Citibank Preferred Ser C 5.8% 10/28/14 49,033.00 1,180,739 1,242,011 1,235,141 54,402 EFTA_R1_01399183 EFTA02382947 Citibank Preferred Ser C 5.8% 10/29/14 150,967.00 3,670,430 3,824,009 3,802,859 132,428 Citibank Preferred Ser K 6.875% 2/3/14 79,000.00 1,999,419 2,153,540 2,150,380 150,961 Total Haze =rust - Citi Fixed Income 6,850,589 7,219,560 7,188,380 337,791 Richard Kahn HBRK Associates Inc. 575 Lexington Avenue 4th Floor New York, =Y 10022 tel fax cel Begin forwarded message: From: =/b>"Atlas, Andrew 5" <[email protected]> To: =/b>"Richard Kahn ([email protected])" <[email protected]> Subject: =/b>Citigroup 5.95% =ixed-to-Float Rate Preferred Date: =/b>May 27, 2015 at 10:11:20 AM =DT Good Morning Rich, Have another Preferred =o show you: CUSIP =72967.IM4 CITIGROUP INC =C) Ba3e / =B Current Coupon =.950% Coupon Details =.95% to 5/15/2025; Then US 3M Libor + 391bps; resets Quarterly 2 EFTA_R1_01399184 EFTA02382948  Maturity Perpetual Next Call 5/15/2025 Price is 99.125; =urrent Yield 6.0025% Talk with you =oon, Andrew Andrew S. Atlas Financial =dvisor Equity Sales/Middle Markets Group Morgan Stanley Wealth Management Midtown Manhattan =omplex 1290 Avenue of the =mericas, 12th Floor I New York, =Y 10104 Tel/Direct: Important Notice to Recipients: Please do not use email to request, authorize or effect the purchase or sale of any =ecurity or commodity. Unfortunately, we cannot execute such instructions provided =n e-mail. Thank you. The sender of this =-mail is an employee of Morgan Stanley Smith Barney LLC ("Morgan Stanley"). If you have =eceived this communication in error, please destroy all electronic and paper =opies and notify the sender immediately. Erroneous transmission is not intended to =aive confidentiality or privilege. Morgan Stanley reserves the right, =o the extent permitted under applicable law, to monitor electronic =ommunications. This message is subject to terms 3 EFTA_R1_01399185 EFTA02382949 available at the following link: http://www.morganstanley.com/disclaimers/mssbemail.html.&nb=p; If you cannot access this link, please notify us by reply message and we will send the =contents to you. By messaging with Morgan Stanley you consent to =he foregoing. = 4 EFTA_R1_01399186 EFTA02382950