AMERICAN RLTY CAP PPTYS INC

CUSIP: 02917TAA2 Class: NOTE

TENOR CAPITAL MANAGEMENT Co., L.P.'s Holding History (CIK: 0001346554)

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

Q4 2014
Shares 500,000 Value ($000) $468 Avg Close — Range —
Q3 2014
Shares 6,000,000 Value ($000) $6,013 Avg Close — Range —
Q2 2014
Shares 7,000,000 Value ($000) $7,224 Avg Close — Range —
Q1 2014
Shares 7,000,000 Value ($000) $7,465 Avg Close — Range —
Q4 2013
Shares 18,300,000 Value ($000) $18,585 Avg Close — Range —