Varde Management’s Ares Capital ARCC Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q4	–	Sell	-600,000	Closed	-$9.7M	–	6
2014 Q3	$9.7M	Hold	600,000	–	–	9.18%	5
2014 Q2	$10.7M	Buy	+600,000	New	+$10.7M	10.25%	5