ARBITER PARTNERS CAPITAL MANAGEMENT LLC Information

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

Report Date: 03/31/2014

Position Statistics

Total Positions 92
New Positions 11
Increased Positions 32
Decreased Positions 18
Positions with Activity 50
Sold Out Positions 6
Total Mkt Value (in $ millions) 370

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

Sector Weighting

Basic Materials 14.28%
Capital Goods 7.03%
Conglomerates
Consumer Cyclical 0.21%
Consumer/Non-Cyclical 0.31%
Energy 4.41%
Financial 34.95%
Healthcare 11.86%
Services 11.66%
Technology 13.65%
Transportation
Utilities

92 Positions as of 03/31/2014

Company ▲ Class Value of Shares ($1,000s) Change in Value ($1,000s) Change (%) Shares Held
ACTIVE POWER INC COM NEW 47 47 New 16,900
ADVISORSHARES TR TRIMTABS FLT 462 -480 (50.96) 9,000
AERCAP HOLDINGS NV SHS 442 New 10,000
AMBAC FINL GROUP INC COM NEW 13,301 -6,497 (32.82) 553,057
AMBAC FINL GROUP INC WT EXP 043023 435 New 29,200
AMERIANA BANCORP COM 227 New 15,167
AMERICAN RLTY CAP PPTYS INC COM 7,480 7,480 New 602,700
AMKOR TECHNOLOGY INC COM 7,060 New 647,711
AMREP CORP NEW COM 393 New 56,902
ANNALY CAP MGMT INC COM 112 -168 (60) 10,000
APACHE CORP COM 985 New 10,000
APOLLO COML REAL EST FIN INC COM 166 New 10,000
APOLLO GLOBAL MGMT LLC CL A SHS 669 New 25,000
ARMOUR RESIDENTIAL REIT INC COM 216 -216 (50) 50,000
ASB BANCORP INC N C COM 631 8 1.25 32,300
ASSURED GUARANTY LTD COM 32,084 5,964 22.83 1,412,769
ATLANTIC COAST FINL CORP COM 3,038 New 750,000
BLACKSTONE GROUP L P COM UNIT LTD 655 New 20,000
CAPITAL ONE FINL CORP COM 7,903 New 94,955
CAPITAL SR LIVING CORP COM 40,023 New 1,615,137