MIDLAND STATES BANCORP INC

Ticker: MSBI CUSIP: 597742105 Class: Common Stock

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

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

Q1 2018

Shares 9,384 Value ($000) $296 Avg Close $21.50 Range $19.83 - $22.94

Q4 2017

Shares 51,013 Value ($000) $1,657 Avg Close $21.61 Range $20.07 - $24.17

Q3 2017

Shares 51,013 Value ($000) $1,616 Avg Close $20.84 Range $19.01 - $22.58

Q2 2017

Shares 53,546 Value ($000) $1,795 Avg Close $22.42 Range $20.54 - $23.64

Q1 2017

Shares 53,546 Value ($000) $1,841 Avg Close $22.32 Range $20.65 - $23.82

Q4 2016

Shares 51,013 Value ($000) $1,846 Avg Close $19.21 Range $15.94 - $24.44

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2018	9,384	$296	$21.50	$19.83 - $22.94
Q4 2017	51,013	$1,657	$21.61	$20.07 - $24.17
Q3 2017	51,013	$1,616	$20.84	$19.01 - $22.58
Q2 2017	53,546	$1,795	$22.42	$20.54 - $23.64
Q1 2017	53,546	$1,841	$22.32	$20.65 - $23.82
Q4 2016	51,013	$1,846	$19.21	$15.94 - $24.44