Rick, we have re-examined the portfolio as a result of our last meeting and  have an expected portfolio of $500M (gross) or $408M (net-ENA's share) to be  placed into Raptor on September 1.
We have a second tranche of $608M (gross)  or $396M (net ENA's share) to be placed into Raptor 2 on December 1.
Kafus, Ecogas, Brigham, Crown Energy and Merlin CLO Equity Option will not be  part of either Raptor 1 or Raptor 2.
Please confirm that this is consistent with you view of capacity and timing.
Regards

Raptor et al
Rick, we have re-examined the portfolio as a result of our last meeting and have an expected portfolio of <CUR>000M (gross) or <CUR>000M (net-<COMPANY>'s share) to be placed into Raptor on September <NUMBER>.
We have a second tranche of <CUR>000M (gross) or <CUR>000M (net <COMPANY>'s share) to be placed into Raptor <NUMBER> on December <NUMBER>.
Kafus, Ecogas, Brigham, Crown Energy and Merlin CLO Equity Option will not be part of either Raptor <NUMBER> or Raptor <NUMBER>.
Please confirm that this is consistent with you view of capacity and timing.
Regards
december 000m gross equity option raptor company share placed consistent view capacity result meeting expected kafus ecogas brigham number second tranche rick examined portfolio merlin clo