BLACKSTONE MTG TR INC

Ticker: BXMT CUSIP: 09257W100 Class: COM CL A

Philadelphia Financial Management of San Francisco, LLC's Holding History (CIK: 0001351407)

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

Q3 2013
Shares 311,164 Value ($000) $7,838 Avg Close — Range —
Q2 2013
Shares 512,605 Value ($000) $12,661 Avg Close — Range —