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

11 New Positions as of 06/30/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
EXTREME NETWORKS INC COM 6,959 6,959 New 1,452,840
PERMIAN BASIN RTY TR UNIT BEN INT 3,331 3,331 New 245,268
CARNIVAL CORP PAIRED CTF 1,808 1,808 New 45,000
CLIFTON BANCORP INC COM 1,543 1,543 New 122,576
RADIO ONE INC CL D NON VTG 1,141 1,141 New 358,892
LANDS END INC NEW COM 1,001 1,001 New 24,350
MAG SILVER CORP COM 828 828 New 111,300
SHORE BANCSHARES INC COM 675 675 New 75,000
ERIE INDTY CO CL A 273 273 New 3,599
HENNESSY ADVISORS INC COM 248 248 New 12,493
AMERICAN HOMES 4 RENT CL A 169 169 New 10,000