Subject: File No. SR-NYSE-2005-75
From: Mark Patterson
Affiliation: Managing Director, NWQ Investment Management, LLC

December 7, 2005

On behalf of our investor clients, we believe it is important to allow the Exchange broader discretion with respect to the delisting process for certain unique companies that have a meaningful stature in the economy and markets.

As such, we believe that investors' interests would be well served by implementing the changes as proposed.

It appears to us that the Exchange, in the proposed rule, has set forth reasonable and workable guidelines regarding the evaluation and execution of the delisting process.