ARBITER PARTNERS CAPITAL MANAGEMENT LLC Information

11 E 44TH STREET, SUITE 700, NEW YORK, New York, 10017, (212) 452-9119

Report Date: 06/30/2014

Position Statistics

Total Positions 97
New Positions 11
Increased Positions 25
Decreased Positions 13
Positions with Activity 38
Sold Out Positions 4
Total Mkt Value (in $ millions) 354

Institutional Holdings information is filed by major institutions on form 13-F with the Securities and Exchange Commission.

Sector Weighting

Basic Materials 14.31%
Capital Goods 7.55%
Conglomerates
Consumer Cyclical 0.18%
Consumer/Non-Cyclical 0.33%
Energy 5.67%
Financial 29.59%
Healthcare 11.69%
Services 12.35%
Technology 15.84%
Transportation
Utilities

38 Activity Positions as of 06/30/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
CAPITAL SR LIVING CORP COM 37,754 912 2.48 1,655,137
COWEN GROUP INC NEW CL A 13,180 -113 (0.85) 3,262,375
CITIGROUP INC COM NEW 12,913 2,178 20.29 249,000
EXTREME NETWORKS INC COM 7,816 7,816 New 1,452,840
AMBAC FINL GROUP INC COM NEW 7,226 -6,445 (47.14) 292,327
ASSURED GUARANTY LTD COM 6,916 -27,146 (79.7) 286,837
DEVON ENERGY CORP NEW COM 6,350 30 .47 85,490
INTELSAT S A COM 5,375 1,867 53.23 304,000
INTERVEST BANCSHARES CORP COM 4,318 829 23.76 451,168
PERMIAN BASIN RTY TR UNIT BEN INT 3,444 3,444 New 245,268
WRIGHT MED GROUP INC RT 2,861 17 .60 1,845,787
LAKE SHORE BANCORP INC COM 2,429 55 2.34 196,377
OPPENHEIMER HLDGS INC CL A NON VTG 2,038 391 23.78 86,159
CARNIVAL CORP PAIRED CTF 1,705 1,705 New 45,000
CLIFTON BANCORP INC COM 1,552 1,552 New 122,576
AMKOR TECHNOLOGY INC COM 1,423 -5,268 (78.74) 137,711
HARTFORD FINL SVCS GROUP INC COM 1,265 1,116 750 34,000
RADIO ONE INC CL D NON VTG 1,095 1,095 New 358,892
HOPFED BANCORP INC COM 1,087 630 138.08 94,328
CAPITAL ONE FINL CORP COM 984 -6,799 (87.36) 12,000