ISHARES SILVER TR

Ticker: SLV CUSIP: 46428Q109 Class: COM

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

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

Q4 2013
Shares 51,000 Value ($000) $955 Avg Close — Range —
Q3 2013
Shares 76,000 Value ($000) $1,588 Avg Close — Range —