SHENANDOAH TELECOMMUNICATION

Ticker: SHEN CUSIP: 82312B106 Class: Common Stock

Ionic Capital Management LLC's Holding History (CIK: 0001386462)

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

Q2 2015

Shares 166,988 Value ($000) $5,716 Avg Close $16.60 Range $15.04 - $18.79

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2015	166,988	$5,716	$16.60	$15.04 - $18.79