ARES COML REAL ESTATE CORP

Ticker: ACRE CUSIP: 04013V108 Class: Common Stock

DELPHI MANAGEMENT INC /MA/'s Holding History (CIK: 0000767684)

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

Q3 2019
Shares 96,275 Value ($000) $1,466 Avg Close — Range —
Q2 2019
Shares 114,046 Value ($000) $1,695 Avg Close — Range —
Q1 2019
Shares 127,412 Value ($000) $1,935 Avg Close — Range —
Q4 2018
Shares 160,274 Value ($000) $2,090 Avg Close — Range —
Q3 2018
Shares 169,870 Value ($000) $2,373 Avg Close — Range —
Q2 2018
Shares 179,152 Value ($000) $2,530 Avg Close — Range —
Q1 2018
Shares 178,716 Value ($000) $2,207 Avg Close — Range —
Q4 2017
Shares 174,426 Value ($000) $2,250 Avg Close — Range —
Q3 2017
Shares 63,888 Value ($000) $850 Avg Close — Range —