NOTIFICATION OF THE REMOVAL FROM LISTING AND REGISTRATION OF THE STATED
SECURITIES

The New York Stock Exchange hereby notifies the SEC of its intention to remove
the entire class of the stated securities from listing and registration on the
Exchange at the opening of business on January 13, 2014, pursuant to the
provisions of Rule 12d2-2 (a).

[ X ] 17 CFR 240.12d2-2(a)(4) That the entire class of this security was
redeemed or expired on December 31, 2013.

The removal of the Preferred Share Purchase Rights OF Piper Jaffray Companies
is being effected because the Exchange knows or is reliably informed that on
December 31, 2013 all rights pertaining to the entire class of this security
were extinguished.

The Exchange also notifies the Securities and Exchange Commission that as a
result of the above indicated conditions this security was suspended on
December 31, 2013.