8/13/2019 The RWP Recommendation List _1!2!2014

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The information contained herein was obtained from sources we believe to be reliable but we do not guarantee its accuracy or completeness. Investorsshould consider this document as only a single factor in making their investment decision. R.W. Pressprich and associated individuals may hold positions insecurities discussed herein and make purchases and sales of such securities from time to time. Copyright 2013.

A n a l y s t C o n t a c Seth Crystall (SC) 212.832.63

Liyang Zhang (LZ) 212.832.63Brian Charles (BC) 212.832.63Melissa Tan (MT) 212.832.63

Oliver Corlett (OC) 212.832.63Steven Ruggiero (SR) 212.832.63

a n i n d e p e n d e n t v i e w

TheRWP Recommendation ListDecember 18, 2013

Recent Credit&Equity Research Recommendation Reports

12-06-2013 DryShips Inc. Buy / Market Perform Recommendations

12-05-2013 MBIA, Inc. Buy / Market Perform Recommendations

11-20-2013 J.C. Penney Company, Inc. Buy / Market Perform Recommendations

11-20-2013 Ocean Rig Credit/Equity Report Buy / Market Perform Recommendations

11-19-2013 Caesars Acquisition Company Equity Report Equity Rating: Fairly Valued

10-30-2013 Ingersoll-Rand Equity Spin-Off: Allegion plc Equity Rating: Not Rated

12-13-2013 Overseas Shipholding Group, Inc. Buy / Market Perform Recommendations

12-19-2013 Xerium Technologies Inc. Buy / Market Perform Recommendations

Credit and Equity Corporate Research Recommendations

Buy Market Perform SellEquity

Spinoffs and Specia

Situations

Air Transport Services Equity

Bank of America Equity

Bank of America Sr. Unsecured

Bank of America Trust Pfd.

CIT Group Sr. Notes 2014-2022

CIT Group Equity

Colt Defense 8% 2017Education Mgmt 15% 2018

Emigrant Bancorp 6% 2014

Harland Clarke frn%, 9%

9% Sr. Sec.

iStar Sr. Notes 2014-2017

J.C. Penney Company, Inc. Sr.

Unsec. Notes 2015-2037

MBIA 5.7% Unsecured

MBIA Corp. Surp. Notes 2033

Molycorp 10% Sr., 3%Cvt,

6%Cvt

Ocean Rig Equity

Overseas Shipholding 8%,

8%, 7%

Radian 5%, 9% Sr. Unsecured

Ship Finance 3% Cvt

Thompson Creek Metals 9%,

7%, 12

Xerium Technologies Inc. Equity

Capmark Equity

Cengage Term Loan

Cengage 11.5% 1st lien

DryShips Equity

Education Mgmt Equity

Exide 8% Sr. Secured

iStar EquityJ.C. Penney Equity

MBIA Equity

Meritor Notes 2015 - 2017

Meritor Equity

Molycorp Equity

Navistar 3% Cvt

Navistar Equity

Ocean Rig 9% Sr. Unsec.

6 % Sr. Secured

Overseas Shipholding Equi-

ty

Radian 3% Cvt

Ship Finance Equity

Sitel 11% 2018Xerium Technologies Inc.

8% Sr. Notes

Cengage Learning 10%,

12% 2ndLien 13%, 13%

Connacher 8%, 8% Sr.

Exide Tech. Equity

Exide FRN% Cvt 2013

Frontline Equity

Molycorp 5.5% Cvt

Allegion plcCaesars Acquisition Co

pany

FTD Companies, Inc.Gaming & Leisure

Murphy USA Inc.

New News Corp.

Patriot Coal CorporatioPenn National

SAIC Inc.

Theravance Inc.

Speculative Buy

Delphi Auto Equity

DryShips 5% Cvt

Eastman Kodak 9%, 10%

Frontline Ltd. 4% Cvt

Hovnanian Homes all note issues

iStar Preferred

Navistar 8% Sr. Unsec.Visteon Equity

Windsor Petroleum 7.84%

Neutral

Thompson Creek Metals Equity

Research Updates

&Profiles

Catalyst Paper Corp.Central European Dist.

Excel Maritime Carriers LTD.

Frontline Ltd.HSH Nordbank AG

LRI Holdings, Inc.

MidContinent Express

Midwest Vanadium Pty Ltd.

MModal Inc.

Newland Intl. PropertiesOverseas Shipholding Group

Syncora Guarantee Inc.

Telecom Italia S.p.ATravelport