Subject: File No. S7-34-11
From: wilbert j steffen

September 1, 2011

With the markets in such a unstable state it was very foolish for you at this time addressing changing the structure of REITs. Your message could only been read as all negative in content. The markets in REITs responded with a drop of 3% to 4% validating my thoughts. Was your message leaked as market responded?