PAULSON CAPITAL CORP

CUSIP: 703797100 Class: COM

Tower Research Capital LLC (TRC)'s Holding History (CIK: 0001533421)

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

Q4 2013
Shares 600 Value ($000) $1 Avg Close — Range —
Q3 2013
Shares 800 Value ($000) $1 Avg Close — Range —
Q2 2013
Shares 404 Value ($000) $0 Avg Close — Range —