FEDERAL AGRIC MTG CORP

Ticker: AGM CUSIP: 313148306 Class: Common Stock

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

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

Q3 2014

Shares 377,812 Value ($000) $12,143 Avg Close $22.13 Range $19.69 - $23.80

Q2 2014

Shares 300,491 Value ($000) $9,339 Avg Close $22.95 Range $20.49 - $25.28

Q1 2014

Shares 315,868 Value ($000) $10,503 Avg Close $22.03 Range $20.22 - $23.73

Q4 2013

Shares 321,948 Value ($000) $11,027 Avg Close $24.02 Range $22.34 - $25.54

Q3 2013

Shares 374,016 Value ($000) $12,485 Avg Close $22.51 Range $19.24 - $25.24

Q2 2013

Shares 358,644 Value ($000) $10,358 Avg Close $20.93 Range $18.26 - $22.43

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2014	377,812	$12,143	$22.13	$19.69 - $23.80
Q2 2014	300,491	$9,339	$22.95	$20.49 - $25.28
Q1 2014	315,868	$10,503	$22.03	$20.22 - $23.73
Q4 2013	321,948	$11,027	$24.02	$22.34 - $25.54
Q3 2013	374,016	$12,485	$22.51	$19.24 - $25.24
Q2 2013	358,644	$10,358	$20.93	$18.26 - $22.43