CONIFER HLDGS INC

Ticker: PRHI CUSIP: 20731J102 Class: Stock

EMERALD MUTUAL FUND ADVISERS TRUST's Holding History (CIK: 0001352895)

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

Q4 2015

Shares 298,594 Value ($000) $2,768 Avg Close $9.45 Range $8.25 - $10.09

Q3 2015

Shares 250,500 Value ($000) $2,442 Avg Close $10.12 Range $9.50 - $10.95

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2015	298,594	$2,768	$9.45	$8.25 - $10.09
Q3 2015	250,500	$2,442	$10.12	$9.50 - $10.95