PDL BIOPHARMA INC

CUSIP: 69329Y104 Class: COM

Arrow Investment Advisors, LLC's Holding History (CIK: 0001378410)

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

Q1 2016
Shares 156,295 Value ($000) $520 Avg Close — Range —
Q4 2015
Shares 143,167 Value ($000) $507 Avg Close — Range —
Q3 2015
Shares 197,175 Value ($000) $992 Avg Close — Range —
Q2 2015
Shares 214,595 Value ($000) $1,380 Avg Close — Range —