PEPCO HOLDINGS INC

CUSIP: 713291102 Class: COM

CONFLUENCE INVESTMENT MANAGEMENT LLC's Holding History (CIK: 0001442056)

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

Q2 2014
Shares 1,290,582 Value ($000) $35,465 Avg Close — Range —
Q1 2014
Shares 1,317,041 Value ($000) $26,973 Avg Close — Range —
Q4 2013
Shares 1,168,915 Value ($000) $22,361 Avg Close — Range —
Q3 2013
Shares 1,050,241 Value ($000) $19,387 Avg Close — Range —
Q2 2013
Shares 929,311 Value ($000) $18,735 Avg Close — Range —