CHOICE HOTELS INTL INC

Ticker: CHH CUSIP: 169905106 Class: Common Stock

PICTON MAHONEY ASSET MANAGEMENT's Holding History (CIK: 0001539041)

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

Q2 2017

Shares 40,500 Value ($000) $2,602 Avg Close $59.46 Range $56.62 - $62.82

Q1 2017

Shares 41,000 Value ($000) $2,567 Avg Close $54.29 Range $49.31 - $59.10

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2017	40,500	$2,602	$59.46	$56.62 - $62.82
Q1 2017	41,000	$2,567	$54.29	$49.31 - $59.10