ARES COML REAL ESTATE CORP

Ticker: ACRE CUSIP: 04013V108 Class: Common Stock

PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC.'s Holding History (CIK: 0001238990)

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

Q4 2013
Shares 49,600 Value ($000) $650 Avg Close — Range —