MID-AMER APT CMNTYS INC

Ticker: MAA CUSIP: 59522J103 Class: Common Stock

EMERALD MUTUAL FUND ADVISERS TRUST's Holding History (CIK: 0001352895)

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

Q2 2016

Shares 2,450 Value ($000) $261 Avg Close $72.05 Range $67.91 - $76.60

Q1 2016

Shares 2,391 Value ($000) $244 Avg Close $66.03 Range $59.05 - $72.95

Q4 2015

Shares 2,391 Value ($000) $217 Avg Close $61.27 Range $57.15 - $65.50

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2016	2,450	$261	$72.05	$67.91 - $76.60
Q1 2016	2,391	$244	$66.03	$59.05 - $72.95
Q4 2015	2,391	$217	$61.27	$57.15 - $65.50