____Mohican Financial Management, LLC_______

Mohican Financial Management as of June 30, 2013

Portfolio Holdings for Mohican Financial Management

Mohican Financial Management holds 57 positions in its portfolio as reported in the June 2013 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
United Rentals Inc note 4.000%11/1 6.0 $26M 5.9M 4.48
Mylan Inc note 3.750% 9/1 5.8 $25M 11M 2.37
Holdings Inc Note 5.25 4.8 $21M 7.0M 3.01
CUBIST PHARM CONVERTIBLE security 3.5 $16M 8.9M 1.75
Equinix Inc note 3.000%10/1 3.5 $15M 9.0M 1.69
Molina Healthcare Inc note 3.750%10/0 3.3 $14M 11M 1.29
Viropharma Inc note 2.000% 3/1 3.1 $14M 8.3M 1.65
Enersys note 3.375% 6/0 3.0 $13M 10M 1.31
Airtran Hldgs Inc note 5.250%11/0 2.7 $12M 8.3M 1.43
Mentor Graphics 4% 2031 conv 2.5 $11M 9.0M 1.22
Altra Holdings, Inc note 2.750% 3/0 2.5 $11M 9.0M 1.20
Tyson Foods Inc note 3.250%10/1 2.4 $11M 7.0M 1.53
Photronics Inc note 2.4 $11M 9.7M 1.10
Covanta Holding Conv conv bnd 2.4 $10M 8.1M 1.29
Regis Corp Minn note 5.000% 7/1 2.3 $9.9M 8.5M 1.17
Comtech Telecommunications Cor conv 2.2 $9.8M 9.6M 1.02
Green Plains Renewable E note 2.2 $9.8M 8.5M 1.15
Thrx 2 1/8 01/15/23 2.1 $9.3M 6.0M 1.55
Jakks Pac Inc note 4.500%11/0 2.0 $8.8M 8.7M 1.01
Cadence Design Sys Cvt 2.625 6 convert 2.0 $8.7M 4.5M 1.95
Rti Intl Metals Inc note 3.000%12/0 1.9 $8.6M 9.0M 0.95
Horsehead Hldg Corp note 3.800% 7/0 1.9 $8.6M 8.0M 1.07
Forestar Group Inc note 1.9 $8.5M 7.5M 1.13
Accuray Inc Del note 3.750% 8/0 1.9 $8.4M 8.8M 0.96
M/i Homes Inc note 3.250% 9/1 1.8 $8.0M 6.5M 1.23
Caci Intl Inc note 2.125% 5/0 1.8 $7.9M 6.6M 1.20
Standard Pacific Corp cnv 1.7 $7.7M 6.0M 1.28
Teleflex Inc note 3.875% 8/0 1.7 $7.5M 5.5M 1.36
Volcano Corporation note 1.750%12/0 1.7 $7.4M 8.0M 0.92
Gt Advanced Technologies Inc conv 1.6 $7.1M 8.3M 0.85
Encore Capital Group note 3.000%11/2 1.5 $6.7M 5.5M 1.21
Titan Machy Inc note 3.750% 5/0 1.5 $6.6M 7.0M 0.94
TAKE-TWO INTER CONVERTIBLE security 1.4 $6.4M 4.5M 1.42
Chemed Corp New note 1.875% 5/1 1.4 $6.4M 6.0M 1.06
Insulet Corporation Cvt 3.75 0 convert 1.4 $6.1M 4.7M 1.31
Webmd Health Corp note 1.4 $6.1M 6.2M 0.98
Take-two Interactive Softwar note 1.000% 7/0 1.1 $4.9M 5.0M 0.98
Trak 1 1/2 03/15/17 1.1 $4.6M 4.0M 1.16
Cobalt Intl Energy Inc note 1.0 $4.2M 4.0M 1.06
Photronics Inc note 5.500%10/0 0.9 $4.2M 2.5M 1.70
Interdigital Inc 2.5% conv 0.9 $4.1M 3.8M 1.08
Steel Dynamics Inc note 5.125% 6/1 0.8 $3.7M 3.5M 1.07
Array Biopharma Inc note 3.000% 6/0 0.8 $3.7M 3.9M 0.96
Aar Corp 2.25% conv 0.8 $3.6M 3.6M 0.99
Bristow Group Inc note 3.000% 6/1 0.8 $3.5M 3.0M 1.18
Volcano Corporation note 2.875% 9/0 0.8 $3.4M 3.4M 1.00
Home Inns & Hotels Mgmt Inc note 2.000%12/1 0.8 $3.3M 3.7M 0.88
Accuray Inc note 3.500% 2/0 0.6 $2.5M 2.0M 1.26
Wabash National Corp 3.375 '18 conv 0.6 $2.4M 2.0M 1.22
On Semiconductor Corp note 2.625%12/1 0.5 $2.3M 2.0M 1.15
Xpo Logistics note 4.5% 10/1 0.4 $1.6M 1.3M 1.24
Ixia note 0.3 $1.5M 1.3M 1.20
Jinkosolar Hldg Co Ltd...... note 4.000% 5/1 0.1 $620k 1.0M 0.62
Genco Shipping & Trading Ltd note 5.000% 8/1 0.1 $560k 2.0M 0.28
Lkd Barclays Bk Plc Ipath S&p Etn etf 0.1 $568k 25k 23.09
ProShares UltraShort 7-10 Year Trea (PST) 0.1 $590k 20k 29.50
Exide Technologies frnt 9/1 0.0 $150k 1.0M 0.15