NAVIENT CORPORATION

Ticker: NAVI CUSIP: 63938C108 Class: Common Stock

MACKAY SHIELDS LLC's Holding History (CIK: 0000061227)

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

Q1 2018

Shares 44,271 Value ($000) $581 Avg Close $13.60 Range $12.60 - $14.87

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2018	44,271	$581	$13.60	$12.60 - $14.87