<html><head></head><body><div style="color:#000; background-color:#fff; font-family:Courier New, courier, monaco, monospace, sans-serif;font-size:16px"><div>PHI confirms.</div><div id="yui_3_16_0_ym19_1_1488522535814_236788"><br></div><div id="yui_3_16_0_ym19_1_1488522535814_236790">-Rusty, PHI<br></div><div id="yui_3_16_0_ym19_1_1488522535814_236804"><br></div><br><div class="qtdSeparateBR"><br><br></div><div class="yahoo_quoted" id="yui_3_16_0_ym19_1_1488522535814_236800" style="display: block;"> <div style="font-family: Courier New, courier, monaco, monospace, sans-serif; font-size: 16px;" id="yui_3_16_0_ym19_1_1488522535814_236799"> <div style="font-family: HelveticaNeue, Helvetica Neue, Helvetica, Arial, Lucida Grande, sans-serif; font-size: 16px;" id="yui_3_16_0_ym19_1_1488522535814_236798"> <div dir="ltr" id="yui_3_16_0_ym19_1_1488522535814_236797"> <font id="yui_3_16_0_ym19_1_1488522535814_236802" size="2" face="Arial"> <hr size="1"> <b><span style="font-weight:bold;">From:</span></b> Noel Steere <noel.steere@rcn.com><br> <b><span style="font-weight: bold;">To:</span></b> Members <members@ibl.org>; Transactions <transactions@ibl.org> <br><b><span style="font-weight: bold;">Cc:</span></b> phi <phi@ibl.org><br> <b><span style="font-weight: bold;">Sent:</span></b> Monday, March 6, 2017 9:18 AM<br> <b><span style="font-weight: bold;">Subject:</span></b> NYK/PHI Trade<br> </font> </div> <div class="y_msg_container" id="yui_3_16_0_ym19_1_1488522535814_236820"><br>NYK trades<br><br>MIA Fernandez<br>CHN Ross<br>MIL Thornburg<br><br>to PHI for<br><br>TB Kiermeier<br>LAN Taylor<br><br>PHI will confirm.<br><br>Thanks,<br><br>Noel<br>NYK<br><br>Sent from my iPhone<br><br><br><br></div> </div> </div> </div></div></body></html>