AMERICAN RLTY CAP PPTYS INC

CUSIP: 02917TAB0 Class: NOTE

Indaba Capital Management, L.P.'s Holding History (CIK: 0001524362)

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

Q1 2014
Shares 15,000,000 Value ($000) $16,337 Avg Close — Range —
Q4 2013
Shares 15,000,000 Value ($000) $15,141 Avg Close — Range —