From: Paul Barrett
To: Jeffrey Epstein leeyacation@gmail.com>
CC: Richard Kahn
Subject: Ally A Pfds
Date: Wed, 02 Jan 2019 20:49:23 +0000
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Jeffrey
We own $2mm of the Ally A Pfds.
• Purchase date: Feb 2012 88 523.53
• Currently at $25.55 down from $26.50.
• They pay 3 month Libor + 578bps (so 840% current coupon)
• It is callable anytime at $25.00 however this is a unique structure in that It gets regulatory capital treatment but also allows Ally to take an interest
deduction. Therefore lPM and MS doubt It gets called.
• It is ordinary income. So I think you should consider buying it in Gratitude (currently has around 51.5MM in cash).
Paul
s.
Paul Barrett
Alpha Group Capital LLC
New York, NY 10019
o) (c)
EFTA01009643