ZAIS FINL CORP

CUSIP: 98886K108 Class: COM

MANGROVE PARTNERS IM, LLC's Holding History (CIK: 0001535392)

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

Q1 2015
Shares 136,426 Value ($000) $2,434 Avg Close — Range —
Q4 2014
Shares 217,984 Value ($000) $3,760 Avg Close — Range —
Q3 2014
Shares 217,984 Value ($000) $3,762 Avg Close — Range —