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 98
New Positions 11
Increased Positions 25
Decreased Positions 13
Positions with Activity 38
Sold Out Positions 4
Total Mkt Value (in $ millions) 337

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

Sector Weighting

Basic Materials 13.9%
Capital Goods 7.57%
Conglomerates
Consumer Cyclical 0.18%
Consumer/Non-Cyclical 0.34%
Energy 5.48%
Financial 29.84%
Healthcare 11.8%
Services 10.11%
Technology 15.86%
Transportation
Utilities

25 INCREASED 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 35,139 849 2.48 1,655,137
CITIGROUP INC COM NEW 12,903 2,176 20.29 249,000
EXTREME NETWORKS INC COM 6,959 6,959 New 1,452,840
DEVON ENERGY CORP NEW COM 5,829 27 .47 85,490
INTELSAT S A COM 5,211 1,810 53.23 304,000
INTERVEST BANCSHARES CORP COM 4,313 828 23.76 451,168
WRIGHT MED GROUP INC RT 3,968 24 .60 1,845,787
PERMIAN BASIN RTY TR UNIT BEN INT 3,331 3,331 New 245,268
LAKE SHORE BANCORP INC COM 2,474 56 2.34 196,377
CARNIVAL CORP PAIRED CTF 1,808 1,808 New 45,000
OPPENHEIMER HLDGS INC CL A NON VTG 1,745 335 23.78 86,159
CLIFTON BANCORP INC COM 1,543 1,543 New 122,576
HARTFORD FINL SVCS GROUP INC COM 1,267 1,118 750 34,000
RADIO ONE INC CL D NON VTG 1,141 1,141 New 358,892
HOPFED BANCORP INC COM 1,085 629 138.08 94,328
LANDS END INC NEW COM 1,001 1,001 New 24,350
MAG SILVER CORP COM 828 828 New 111,300
OCONEE FED FINL CORP COM 784 4 .48 42,388
MICROSOFT CORP COM 742 93 14.29 16,000
SHORE BANCSHARES INC COM 675 675 New 75,000