Jason S. C. Yeung

Founded in 1993, Amherst Securities Group LP is an SEC-registered broker/dealer headquartered in Austin, Texas. The firm is a subsidiary of Amherst Pierpont Securities LLC. Amherst Securities is a leading dealer and market maker in mortgage-backed securities, agency securities and select fixed-income investments. The firm focuses on mortgage-related investments for institutional customers including large federal agencies, private asset managers and mid-size depositories. Amherst Securities provides an array of trading and execution services for their clients. They do not provide any internal research.

Founded in 1958, Merrill Lynch Piece Fenner & Smith, Inc. is an SEC registered broker/dealer located in New York City. The firm is a subsidiary of BAC North America Holding Co. and their ultimate parent is Bank of America Corp. (NYSE BAC).

Headquartered in Charlotte, North Carolina, Banc of America Securities (BAS) is the investment banking subsidiary of Bank of America Corp (NYSE: BAC). The firm provides both the domestic and international equity and investment banking markets, and pursues a strategy pioneered by Citigroup that combines corporate lending with investment banking advice and services. They provide high-yield debt underwriting and leveraged finance, in addition to industry coverage groups such as healthcare, media and telecom, financial institutions, real estate and gaming. BAS also does a significant amount of work for Financial Sponsors, or private equity firms, often financing leveraged transactions. Following the strategy of Goldman Sachs, the firm lacks a standalone mergers and acquisitions department, instead employing mergers and acquisitions senior bankers throughout the industry coverage groups. The firm is registered as a broker/dealer with the SEC, is a member of the NYSE, and the NASD. The use of Banc in the BAS's name is indicative of the fact that the company is not a bank, and their deposits and other holdings are not insured by the FDIC.

400 Capital Management LLC (400CM) is an independent, SEC-registered investment advisor and hedge fund manager headquartered in New York City. The firm was founded in 2008 by Chris Hentemann and Paul Jablansky. 400CM provides discretionary investment advisory services to privately-offered pooled investment vehicles. The firm also manages separate accounts for select institutional clients.