MBIA INC

Ticker: MBI CUSIP: 55262C100 Class: Common Stock

Arete Wealth Advisors, LLC's Holding History (CIK: 0001600151)

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

Q2 2014

Shares 142,939 Value ($000) $1,578 Avg Close $5.37 Range $4.67 - $6.14

Q1 2014

Shares 374,653 Value ($000) $5,241 Avg Close $5.56 Range $4.66 - $6.66

Q4 2013

Shares 735,190 Value ($000) $8,778 Avg Close $5.03 Range $4.18 - $5.76

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2014	142,939	$1,578	$5.37	$4.67 - $6.14
Q1 2014	374,653	$5,241	$5.56	$4.66 - $6.66
Q4 2013	735,190	$8,778	$5.03	$4.18 - $5.76