Water Island Capital’s ELAN CORP ADS(RP1 ORD4IRISH PN ELN Stock Holding History

Water Island Capital’s Portfolio ELN Stock Details ELN Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2013 Q4	–	Sell	-7,901,701	Closed	-$123M	–	87
2013 Q3	$123M	Buy	7,901,701 +7,856,314	+17,310%	+$118M	4.76%	8
2013 Q2	$641K	Buy	+45,387	New	+$561K	0.03%	43

Other funds holding ELN

Commerzbank Aktiengesellschaft Frankfurt, Germany $4.78B AUM 25.31% 1-Year Est. Return

Deutsche Bank Frankfurt Am Main Ge, Germany $303B AUM 30.15% 1-Year Est. Return

Creative Planning Overland Park, Kansas $147B AUM 18.73% 1-Year Est. Return

Canada Life Winnipeg, Manitoba, Canada $55.8B AUM 26.04% 1-Year Est. Return

Water Island Capital's ELN Position: Q4 2013 in Review

Water Island Capital sold out of ELAN CORP ADS(RP1 ORD4IRISH PN (ELN) in Q4 2013, closing a stake of 7,901,701 shares — an estimated $123M sold.

Water Island Capital first reported a position in ELN in Q2 2013 and held it in 2 quarters. The position peaked at $123M in Q3 2013. 5 funds tracked by Wall St. Rank hold ELN as of Q4 2013.

Water Island Capital reported no remaining ELAN CORP ADS(RP1 ORD4IRISH PN position as of Q4 2013 after selling out during the quarter.
Water Island Capital sold 7,901,701 ELAN CORP ADS(RP1 ORD4IRISH PN shares in Q4 2013, an estimated $123M.
Water Island Capital first reported a position in ELAN CORP ADS(RP1 ORD4IRISH PN in Q2 2013 and held it in 2 quarters.
Water Island Capital's ELAN CORP ADS(RP1 ORD4IRISH PN position peaked at $123M in Q3 2013.
5 funds tracked by Wall St. Rank held ELAN CORP ADS(RP1 ORD4IRISH PN as of Q4 2013.

Based on Water Island Capital's 13F filing for Q4 2013, filed 14 Feb 2014.