AMERICAN RLTY CAP PPTYS INC

CUSIP: 02917T104 Class: -REIT

Cutler Capital Management, LLC's Holding History (CIK: 0001353098)

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

Q2 2015
Shares 100,500 Value ($000) $817 Avg Close — Range —
Q1 2015
Shares 117,000 Value ($000) $1,152 Avg Close — Range —
Q4 2014
Shares 211,619 Value ($000) $1,915 Avg Close — Range —
Q3 2014
Shares 298,819 Value ($000) $3,603 Avg Close — Range —
Q2 2014
Shares 285,319 Value ($000) $3,575 Avg Close — Range —
Q1 2014
Shares 226,819 Value ($000) $3,180 Avg Close — Range —
Q4 2013
Shares 216,219 Value ($000) $2,778 Avg Close — Range —
Q3 2013
Shares 95,000 Value ($000) $1,159 Avg Close — Range —