NEW GOLD INC CDA

Ticker: NGD CUSIP: 644535106 Class: COM

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

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

Q3 2015

Shares 284,123 Value ($000) $645 Avg Close $2.31 Range $1.90 - $2.97

Q2 2015

Shares 611,671 Value ($000) $1,645 Avg Close $3.27 Range $2.63 - $3.84

Q1 2015

Shares 811,671 Value ($000) $2,752 Avg Close $3.94 Range $3.22 - $5.12

Q4 2014

Shares 814,508 Value ($000) $3,502 Avg Close $4.28 Range $3.37 - $5.27

Q3 2014

Shares 814,508 Value ($000) $4,113 Avg Close $6.14 Range $5.05 - $6.78

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2015	284,123	$645	$2.31	$1.90 - $2.97
Q2 2015	611,671	$1,645	$3.27	$2.63 - $3.84
Q1 2015	811,671	$2,752	$3.94	$3.22 - $5.12
Q4 2014	814,508	$3,502	$4.28	$3.37 - $5.27
Q3 2014	814,508	$4,113	$6.14	$5.05 - $6.78