Indaba Capital Management’s Spirit MTA REIT Common Shares of Beneficial Interest SMTA Stock Holding History

Indaba Capital Management’s Portfolio SMTA Stock Details SMTA Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2020 Q1	–	Sell	-4,229,177	Closed	-$3.25M	–	28
2019 Q4	$3.25M	Hold	4,229,177	–	–	1.31%	14
2019 Q3	$35.7M	Buy	4,229,177 +758,762	+22%	+$6.41M	8.34%	5
2019 Q2	$28.9M	Buy	3,470,415 +42,690	+1%	+$314K	5.6%	5
2019 Q1	$22.2M	Buy	3,427,725 +504,650	+17%	+$3.78M	4.54%	12
2018 Q4	$20.8M	Buy	2,923,075 +1,512,447	+107%	+$15.3M	4.58%	12
2018 Q3	$16.3M	Buy	+1,410,628	New	+$15M	4.9%	7

Other funds holding SMTA

California Public Employees Retirement System Sacramento, California $177B AUM 39.86% 1-Year Est. Return

Indaba Capital Management's SMTA Position: Q1 2020 in Review

Indaba Capital Management sold out of Spirit MTA REIT Common Shares of Beneficial Interest (SMTA) in Q1 2020, closing a stake of 4,229,177 shares — an estimated $3.25M sold.

Indaba Capital Management first reported a position in SMTA in Q3 2018 and held it in 6 quarters. The position peaked at $35.7M in Q3 2019. 2 funds tracked by Wall St. Rank hold SMTA as of Q1 2020.

Indaba Capital Management reported no remaining Spirit MTA REIT Common Shares of Beneficial Interest position as of Q1 2020 after selling out during the quarter.
Indaba Capital Management sold 4,229,177 Spirit MTA REIT Common Shares of Beneficial Interest shares in Q1 2020, an estimated $3.25M.
Indaba Capital Management first reported a position in Spirit MTA REIT Common Shares of Beneficial Interest in Q3 2018 and held it in 6 quarters.
Indaba Capital Management's Spirit MTA REIT Common Shares of Beneficial Interest position peaked at $35.7M in Q3 2019.
2 funds tracked by Wall St. Rank held Spirit MTA REIT Common Shares of Beneficial Interest as of Q1 2020.

Based on Indaba Capital Management's 13F filing for Q1 2020, filed 15 May 2020.