ASSOCIATED ESTATES RLTY CORP

CUSIP: 045604105 Class: CMN

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

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

Q2 2013
Shares 60,725 Value ($000) $976 Avg Close — Range —
Q1 2013
Shares 68,085 Value ($000) $1,269 Avg Close — Range —