MERCER INTL INC

Ticker: MERC CUSIP: 588056101 Class: COM

HENNESSY ADVISORS INC's Holding History (CIK: 0001145255)

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

Q4 2015

Shares 409,600 Value ($000) $3,707 Avg Close $7.02 Range $6.04 - $8.01

Q3 2015

Shares 404,400 Value ($000) $4,056 Avg Close $7.99 Range $6.49 - $9.64

Q2 2015

Shares 379,000 Value ($000) $5,185 Avg Close $9.73 Range $8.82 - $10.82

Q1 2015

Shares 407,000 Value ($000) $6,252 Avg Close $9.13 Range $8.05 - $10.51

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2015	409,600	$3,707	$7.02	$6.04 - $8.01
Q3 2015	404,400	$4,056	$7.99	$6.49 - $9.64
Q2 2015	379,000	$5,185	$9.73	$8.82 - $10.82
Q1 2015	407,000	$6,252	$9.13	$8.05 - $10.51