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Rangeley Capital Best Ideas In Charts

|Includes: GPT, LORL, LPS, OSHC, Pimco Income Strategy Fund II (PFN), TBT, TMF

2009 through 2013 YTD

We are coming up on our fifth year of publishing our best ideas. In preparation for announcing our next two, this is the exhaustive list of our best ideas; all were initially published as prospective ideas.

2009 Long PFN, Long TBT

This does not include PFN distributions

2010 Long LORL, Long OSHC

This does not include LORL special distributions

2011 Long LAB, Short LPS

LAB was acquired at a premium and de-listed

2012 Long OSHC, Short TMF

TMF short continued through 2013

2012-2013 YTD Short TMF

2013 Long GPT, Short TMF