ARBITER PARTNERS CAPITAL MANAGEMENT LLC Information

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

Report Date: 03/31/2015

Position Statistics

Total Positions 104
New Positions 9
Increased Positions 20
Decreased Positions 25
Positions with Activity 45
Sold Out Positions 16
Total Mkt Value (in $ millions) 305

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

Sector Weighting

Basic Materials 12.59%
Capital Goods 11.2%
Conglomerates
Consumer Cyclical 0%
Consumer/Non-Cyclical 0.35%
Energy 4.32%
Financial 30.33%
Healthcare 16%
Services 10.3%
Technology 6.24%
Transportation
Utilities 0%

9 New Positions as of 03/31/2015

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
BENEFICIAL BANCORP INC COM 8,711 8,711 New 673,709
ESSA BANCORP INC COM 3,523 3,523 New 273,953
ANWORTH MORTGAGE ASSET CP COM 2,788 2,788 New 561,038
FIRST NORTHWEST BANCORP COM 1,854 1,854 New 150,000
VIACOM INC NEW CL A 1,031 1,031 New 18,221
MVC CAPITAL INC COM 605 605 New 62,460
BLACKROCK RES & COMM STRAT TR SHS 346 346 New 41,671
HAMILTON BANCORP INC MD COM 161 161 New 11,960
NORTHERN DYNASTY MINERALS LTD COM NEW 29 29 New 84,437