DOUGLAS DYNAMICS INC

Ticker: PLOW CUSIP: 25960R105 Class: Common Stock

MACKAY SHIELDS LLC's Holding History (CIK: 0000061227)

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

Q4 2019

Shares 8,600 Value ($000) $473 Avg Close $50.49 Range $42.59 - $56.55

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2019	8,600	$473	$50.49	$42.59 - $56.55