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PENN MUTUAL LIFE INSURANCE CO
> ARR
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 06/30/2018 | Armour Residential REIT, Inc. | ARR | 20,000 | 0 | 450,000 | -10,000 | $22.50 |
| 03/31/2018 | Armour Residential REIT, Inc. | ARR | 20,000 | 0 | 460,000 | -48,000 | $23.00 |
| 12/31/2017 | Armour Residential REIT, Inc. | ARR | 20,000 | 0 | 508,000 | -23,000 | $25.40 |
| 09/30/2017 | Armour Residential REIT, Inc. | ARR | 20,000 | 0 | 531,000 | 37,000 | $26.55 |
| 06/30/2017 | Armour Residential REIT, Inc. | ARR | 20,000 | -32,000 | 494,000 | -654,000 | $24.70 |
| 03/31/2017 | Armour Residential REIT, Inc. | ARR | 52,000 | 52,000 | 1,148,000 | 1,148,000 | $22.08 |
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