INTERNATIONAL PAPER (IP $27.49, rated Overweight) IP’S DISCOUNT TO DCF AND TEMPLE-INLAND (TIN $31.82, rated Underweight) TRADING AS IF REGULATORY APPROVAL IS A “SURE THING” CREATES PAIR TRADE OPPORTUNITY 11/2/2011

INTERNATIONAL PAPER (IP $27.49, rated Overweight) IP’S DISCOUNT TO DCF
AND TEMPLE-INLAND (TIN $31.82, rated Underweight) TRADING AS IF
REGULATORY APPROVAL IS A “SURE THING” CREATES PAIR TRADE
OPPORTUNITY 11/2/2011