MONARCH CASINO & RESORT INC

Ticker: MCRI CUSIP: 609027107 Class: Common Stock

SHEPHERD KAPLAN KROCHUK, LLC's Holding History (CIK: 0001218583)

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

Q3 2013

Shares 17,508 Value ($000) $332 Avg Close $19.05 Range $16.35 - $21.00

Q2 2013

Shares 17,508 Value ($000) $295 Avg Close $13.55 Range $9.29 - $17.22

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2013	17,508	$332	$19.05	$16.35 - $21.00
Q2 2013	17,508	$295	$13.55	$9.29 - $17.22