ARBITER PARTNERS CAPITAL MANAGEMENT LLC Information

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

Report Date: 12/31/2013

Position Statistics

Total Positions 88
New Positions 21
Increased Positions 34
Decreased Positions 16
Positions with Activity 50
Sold Out Positions 7
Total Mkt Value (in $ millions) 341

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

Sector Weighting

Basic Materials 15.78%
Capital Goods 7.23%
Conglomerates
Consumer Cyclical
Consumer/Non-Cyclical 0.18%
Energy 4.34%
Financial 39.05%
Healthcare 12.43%
Services 11.18%
Technology 9.21%
Transportation
Utilities

88 Positions as of 12/31/2013

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
BLACKSTONE GROUP L P COM UNIT LTD 627 627 New 20,000
LIMONEIRA CO COM 607 -815 (57.33) 27,168
TIVO INC COM 592 592 New 50,000
ASB BANCORP INC N C COM 565 New 31,900
SEAGATE TECHNOLOGY PLC SHS 556 556 New 10,000
AMBAC FINL GROUP INC WT EXP 043023 555 555 New 29,200
KENTUCKY FIRST FED BANCORP COM 445 250 127.39 52,717
PSB HLDGS INC COM 420 73 20.91 63,582
ARMOUR RESIDENTIAL REIT INC COM 415 New 100,000
SALEM COMMUNICATIONS CORP DEL CL A 414 New 46,099
HOPFED BANCORP INC COM 413 58 16.28 35,753
PEOPLES BANCORP N C INC COM 402 New 25,794
AERCAP HOLDINGS NV SHS 395 New 10,000
UNITED BANCSHARES INC OHIO COM 376 New 23,710
OCONEE FED FINL CORP COM 359 New 20,277
FERRO CORP COM 353 -92 (20.62) 26,902
STRAIGHT PATH COMMUNICATNS INC CL B 351 351 New 56,007
AMREP CORP NEW COM 335 335 New 56,902
EASTERN VA BANKSHARES INC COM 318 New 48,200
EXXON MOBIL CORP COM 301 301 New 3,000