Watershed Asset Management’s INTELSAT S A MANDATORY CONV JR NON VTG PFD SHS (LUX) I.PRA Stock Holding History

Watershed Asset Management’s Portfolio I.PRA Stock Details I.PRA Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2014 Q3	–	Sell	-157,100	Closed	-$8M	–	29
2014 Q2	$8M	Hold	157,100	–	–	3.04%	8
2014 Q1	$8.43M	Hold	157,100	–	–	2.79%	8
2013 Q4	$9.19M	Buy	157,100 +7,100	+5%	+$406K	5.08%	7
2013 Q3	$9.16M	Hold	150,000	–	–	4.01%	4
2013 Q2	$8.25M	Buy	+150,000	New	+$8.65M	3.58%	5

Other funds holding I.PRA

Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 1-Year Est. Return

Calamos Advisors Naperville, Illinois $28.2B AUM 21.78% 1-Year Est. Return

JP Morgan Chase New York $1.56T AUM 27.86% 1-Year Est. Return

Wellington Management Group Boston, Massachusetts $535B AUM 26.23% 1-Year Est. Return

PCM

Palisade Capital Management Fort Lee, New Jersey $3B AUM 14% 1-Year Est. Return

Wells Fargo San Francisco, California $530B AUM 22.01% 1-Year Est. Return

ACG

Anchorage Capital Group New York $436M AUM 38.51% 1-Year Est. Return

Goldman Sachs New York $871B AUM 31.28% 1-Year Est. Return

SLG

Silver Lake Group Menlo Park, California $3.68B AUM 7.22% 1-Year Est. Return

WAM

Wolverine Asset Management Chicago, Illinois $10.4B AUM 4.78% 1-Year Est. Return

Watershed Asset Management's I.PRA Position: Q3 2014 in Review

Watershed Asset Management sold out of INTELSAT S A MANDATORY CONV JR NON VTG PFD SHS (LUX) (I.PRA) in Q3 2014, closing a stake of 157,100 shares — an estimated $8M sold.

Watershed Asset Management first reported a position in I.PRA in Q2 2013 and held it in 5 quarters. The position peaked at $9.19M in Q4 2013. 22 funds tracked by Wall St. Rank hold I.PRA as of Q3 2014.

Watershed Asset Management reported no remaining INTELSAT S A MANDATORY CONV JR NON VTG PFD SHS (LUX) position as of Q3 2014 after selling out during the quarter.
Watershed Asset Management sold 157,100 INTELSAT S A MANDATORY CONV JR NON VTG PFD SHS (LUX) shares in Q3 2014, an estimated $8M.
Watershed Asset Management first reported a position in INTELSAT S A MANDATORY CONV JR NON VTG PFD SHS (LUX) in Q2 2013 and held it in 5 quarters.
Watershed Asset Management's INTELSAT S A MANDATORY CONV JR NON VTG PFD SHS (LUX) position peaked at $9.19M in Q4 2013.
22 funds tracked by Wall St. Rank held INTELSAT S A MANDATORY CONV JR NON VTG PFD SHS (LUX) as of Q3 2014.

Based on Watershed Asset Management's 13F filing for Q3 2014, filed 14 Nov 2014.