Varde Management’s PhenixFIN PFX Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q4	–	Sell	-42,798	Closed	-$10.1M	–	7
2014 Q3	$10.1M	Hold	42,798	–	–	9.57%	4
2014 Q2	$11.2M	Buy	+42,798	New	+$11.2M	10.69%	4