EFTA02475041.pdf

From: jeffrey E. <jeevacation@gmail.com> Sent: Friday, January 15, 2016 9:33 PM To: Richard Kahn Subject: Re: GE Preferred no On Eri, Jan 15, 2016 at 3:43 PM, Richard Kahn wrote: i understand we were not filled on our=order of 100.5 and today at 4pm is cutoff for voluntary exchange we currently own 2,469 shares x 10 = 24,690 cash payment plus new 5= preferred please advise if we should proceed with exchange thank you Richard Kahn HBRK Associates Inc. Begin forwarded message: <=iv st le="mar in-to :0 x•mar in-ri ht:0 x;margin-bottom:0px;margin-left:=pC>From: Ariane Dwy=r Su=ject: RE: Follow up to this morning's callar> Date: January 12, 2016 at 1:29:30 PM EST To: Richard Kahn Cc: Vahe Stepanian Daniel Sabba Hi Rich, =/span> EFTA_R1_01587999 EFTA02475041 I found thi= in the text outlining the corporate action. I think it clarifies the volu=tary exchange. GENERAL OFFER=TERMS: GENERAL ELECTRIC COMPANY IS OFFERING TO EXCHANGE ANY AND ALL OF=THE ABOVE OUTSTANDING SHARES (THE 'OLD PREFERRED STOCK') FOR THEIR=NEWLY ISSUED 5.00 PERCENT FIXED- TO-FLOATING RATE NON-CUMULATIVE PERPETUAL =REFERRED STOCK SERIES D (THE 'NEW PREFERRED STOCK') AT AN EXCHANGE CONSIDER=TION DESCRIBED BELOW. =A0 EXCHANGE CONSIDERATION: FOR EAC= SHARE OF THE ABOVE OLD PREFERRED STOCK VALIDLY TENDERED (AND NOT VALIDLY =ITHDRAWN) AND ACCEPTED IN THE EXCHANGE OFFER, HOLDERS WILL RECEIVE ONE SHA=E OF NEW PREFERRED STOCK PLUS A CASH PAYMENT OF USD10.00 PER SHARE OF OLD PREFERRED STOCK EXCHANGED THE NEW PR=FERRED STOCK WILL BE IDENTICAL TO THE OLD PREFERRED STOCK, EXCEPT THAT THE=DIVIDEND RATES ON THE NEW PREFERRED STOCK WILL BE HIGHER, AND THE FIRST AV=ILABLE REDEMPTION DATE WILL BE 01/21/21. The 'OLD PREFERRED STOCK' refers to the below position:=/u> I hope all goes well with the doctor. Wh=n you have a minute could you please let us know how you would like to pro=eed with the below? The cut-off date is 1/15/16. <= class="MsoNormar> Best, Ari From: Sent: Thursday, January 07, 2016 12:35 PM To: Richard Kahn Cc: Vahe Stepanian Subject: Follow up to this morning's calk/=> 2 EFTA_R1_01588000 EFTA02475042 <= class="MsoNormal">I spoke with Pershing regarding the General Electric =ecurity exchange. They clarified that this was a mandatory exchange for ho=ders of outstanding GE Preferred Stock. Please find details of the exchang= in this article, under the sub-title "GE Preferred Stock" http://www.businesswire.com/news/home/20151201006722/en/ <http://www.businesswire.co=inews/home/203.51.201.006722/en/> <=p> Th=t being said, there is now an open voluntary action for the preferred stoc=, details below. Southern Financial owns 2,469,000 of these securities (ap=rox. market value of $2.49mm) <=u> Please let us know how you would=like to proceed. <=u> Best, Ari Ariane Dwyer Analyst I Key Client Partners - US Deutsche Bank Securities Inc Deutsche Asset & Wealth Mana ement =p class="MsoNormal"> This communication may contain confidential and/or privileged information. =f you are not the intended recipient (or have received this communication =n error) please notify the sender immediately and destroy this communicati=n. Any unauthorized copying, disclosure or distribution of the material in this communication is strictly forbidde=. 3 EFTA_R1_01588001 EFTA02475043 Deutsche Bank does not render legal or tax advice, and the information cont=ined in this communication should not be regarded as such. =C2 please note The information contained in this communication is confidential, may be attorney-client pr=vileged, may constitute inside information, and is intended only for JEE Unauthorized use= disclosure or copying of this communication or any part thereof is str=ctly prohibited and may be unlawful. If you have received this commu=ication in error, please notify us immediately by return e-mail or by e=mail to jeevaca=ion@gmail.com <mailto:jeevacation@gmail.com> , and destroy this communication and all copies thereo=, including all attachments. copyright -all rights reserved </=iv> 4 EFTA_R1_01588002 EFTA02475044