Water Island Capital’s PROTECTIVE LIFE CORP PL Stock Holding History

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

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2015 Q1	–	Sell	-2,562,628	Closed	-$178M	–	166
2014 Q4	$178M	Buy	2,562,628 +741,756	+41%	+$51.6M	5.95%	5
2014 Q3	$126M	Sell	1,820,872 -349,998	-16%	-$24.3M	4.3%	5
2014 Q2	$151M	Buy	+2,170,870	New	+$124M	5.11%	7

Other funds holding PL

California Public Employees Retirement System Sacramento, California $162B AUM 25.78% 1-Year Est. Return

Water Island Capital's PL Position: Q1 2015 in Review

Water Island Capital sold out of PROTECTIVE LIFE CORP (PL) in Q1 2015, closing a stake of 2,562,628 shares — an estimated $178M sold.

Water Island Capital first reported a position in PL in Q2 2014 and held it in 3 quarters. The position peaked at $178M in Q4 2014. 1 fund tracked by Wall St. Rank holds PL as of Q1 2015.

Water Island Capital reported no remaining PROTECTIVE LIFE CORP position as of Q1 2015 after selling out during the quarter.
Water Island Capital sold 2,562,628 PROTECTIVE LIFE CORP shares in Q1 2015, an estimated $178M.
Water Island Capital first reported a position in PROTECTIVE LIFE CORP in Q2 2014 and held it in 3 quarters.
Water Island Capital's PROTECTIVE LIFE CORP position peaked at $178M in Q4 2014.
1 fund tracked by Wall St. Rank held PROTECTIVE LIFE CORP as of Q1 2015.

Based on Water Island Capital's 13F filing for Q1 2015, filed 13 May 2015.