Bank of America Investment Banking Pitch Book slide image

Bank of America Investment Banking Pitch Book

Market Update Since 1/15/16 Market continues to reflect significant volatility. However, RHO's stock price is up 31.1% since public announcement of initial BOREAS proposal while retail peer selected companies (¹) are down (7.6%) and RMZ is up 0.5% RHO $17.69 45 40 30 20 10 1/2/2015 LON PEN 300% PIN BON PON 70% $15 CON VIX - Since 2015 40/ 1/3/2016 WTI Crude - YTD BOREAS Initial Proposal 1/19/2016 BOREAS initial Proposal: 1/19/2018 1/15201 106.2016 Source: FoctSet, Lipper, and Bloomberg as of February 22, 2016 (1) Reto per selected companies include PEL CBI, and WPG. 4 (2) Other to selected companies include SPG, GGP, MAC, TCO, and SKT. Shown for informational purposes. SSE Composite Index. (3) Fund flows excluding ETFs. WTI Crude 20 202006 +31.1% WPG $7.82 (17.1%) S&P 500 $1,945.5 +3.5% WTI Crude $33.39 13.5% PEI $18.61 (4.3%) Other retail selected companies (2) 1.7% FTSE 100 £6,037.7 +4.6% 10-Year Treasury 1.75% Bank of America Merrill Lynch (29bps) CBL $10.60 (2.4%) RMZ $1,048.1 0.5% Shanghai Stock Exchange (3) Y2,927.2 0.9% REIT Funds Flow (4) ($726mm)
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