AMERICAN CAP LTD

CUSIP: 02503Y103 Class: COM

CONFLUENCE INVESTMENT MANAGEMENT LLC's Holding History (CIK: 0001442056)

Note: Option positions (PUT/CALL) are excluded.

Q3 2016
Shares 347,780 Value ($000) $5,881 Avg Close — Range —
Q2 2016
Shares 342,061 Value ($000) $5,415 Avg Close — Range —
Q1 2016
Shares 333,261 Value ($000) $5,079 Avg Close — Range —
Q4 2015
Shares 380,384 Value ($000) $5,245 Avg Close — Range —
Q3 2015
Shares 276,483 Value ($000) $3,362 Avg Close — Range —
Q2 2015
Shares 268,996 Value ($000) $3,645 Avg Close — Range —
Q1 2015
Shares 522,931 Value ($000) $7,734 Avg Close — Range —
Q4 2014
Shares 431,576 Value ($000) $6,305 Avg Close — Range —
Q3 2014
Shares 391,978 Value ($000) $5,550 Avg Close — Range —
Q2 2014
Shares 254,756 Value ($000) $3,895 Avg Close — Range —
Q1 2014
Shares 127,906 Value ($000) $2,020 Avg Close — Range —
Q4 2013
Shares 170,708 Value ($000) $2,670 Avg Close — Range —
Q3 2013
Shares 170,708 Value ($000) $2,347 Avg Close — Range —
Q2 2013
Shares 191,083 Value ($000) $2,421 Avg Close — Range —