PNM RES INC

Ticker: TXNM CUSIP: 69349H107 Class: EQTY

Pine River Capital Management L.P.'s Holding History (CIK: 0001288136)

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

Q1 2015
Shares 16,371 Value ($000) $478 Avg Close $29.12 Range $27.06 - $31.18
Q4 2014
Shares 9,046 Value ($000) $268 Avg Close $28.33 Range $24.81 - $31.60