The Spectrum Asset Management SMA Preferred Securities

2016 Deutsche Bank AG

U.S.

FINRA NYSE

The BofA

FDIC

Spectrum's Intermediate Duration Preferred Securities

Morningstar

SIPC

the United States

Merrill Lynch

Select Spectrum Asset Management I Principal Preferred Securities As

Deutsche Bank AG

the Deutsche Bank Group

Spectrum

Deutsche Bank Trust Company Amencas

DeuhiChe Bank Wealth Management These

Deutsche Bank

Spectrum's Intermediate Duration

SMA Preferred Securities

Adviser Select

Spectrum Intermediate Duration

Deutsche Bank Securities Inc.

Spectrum

SMA

Spectrum Asset Management