ASSURED GUARANTY LTD

Ticker: AGO CUSIP: G0585R106 Class: EQTY

GRATIA CAPITAL, LLC's Holding History (CIK: 0001599793)

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

Q3 2014

Shares 146,989 Value ($000) $3,257 Avg Close $19.13 Range $17.72 - $20.52

Q1 2014

Shares 171,805 Value ($000) $4,350 Avg Close $19.26 Range $16.61 - $21.84

Q4 2013

Shares 201,261 Value ($000) $4,748 Avg Close $17.63 Range $14.40 - $20.16

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2014	146,989	$3,257	$19.13	$17.72 - $20.52
Q1 2014	171,805	$4,350	$19.26	$16.61 - $21.84
Q4 2013	201,261	$4,748	$17.63	$14.40 - $20.16