____Mohican Financial Management, LLC_______

Mohican Financial Management as of June 30, 2014

Portfolio Holdings for Mohican Financial Management

Mohican Financial Management holds 36 positions in its portfolio as reported in the June 2014 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Altra Holdings, Inc note 2.750% 3/0 5.1 $10M 7.0M 1.46
Trak 1 1/2 03/15/17 5.0 $10M 7.5M 1.34
Renewable Energy Group Inc mtnf 2.750% 6/1 4.7 $9.4M 8.5M 1.10
Forestar Group Inc note 4.4 $8.8M 8.1M 1.09
Healthways Inc note 1.500% 7/0 4.1 $8.2M 8.5M 0.97
Web Com Group Inc note 1.000% 8/1 4.0 $8.1M 7.5M 1.08
Accuray Inc Del note 3.750% 8/0 4.0 $8.1M 7.0M 1.15
Horsehead Hldg Corp note 3.800% 7/0 4.0 $8.1M 5.8M 1.40
Wabash National Corp 3.375 '18 conv 3.9 $7.8M 6.5M 1.20
Photronics Inc note 3.8 $7.6M 7.0M 1.08
Mentor Graphics 4% 2031 conv 3.7 $7.4M 6.0M 1.24
Gt Advanced Technologies Inc note 3.000%12/1 3.6 $7.2M 4.0M 1.80
Quantum Corp note 4.500% 11/1 3.3 $6.5M 6.6M 0.99
Home Inns & Hotels Mgmt Inc note 2.000%12/1 3.2 $6.4M 6.5M 0.99
Amag Pharmaceuticals Inc note 2.500% 2/1 3.2 $6.4M 6.0M 1.06
Encore Cap Group Inc note 3.000%11/2 3.1 $6.2M 4.0M 1.55
Photronics Inc note 5.500%10/0 3.0 $6.1M 3.5M 1.76
Take-two Interactive Softwar note 1.000% 7/0 2.7 $5.5M 4.5M 1.22
M/i Homes Inc note 3.250% 9/1 2.7 $5.4M 4.3M 1.26
Volcano Corporation note 1.750%12/0 2.7 $5.4M 5.6M 0.97
Webmd Health Corp note 2.6 $5.2M 5.0M 1.03
Endologix Inc note 2.250%12/1 2.5 $5.0M 5.0M 1.00
Interdigital Inc 2.5% conv 2.4 $4.9M 4.4M 1.11
Array Biopharma Inc note 3.000% 6/0 2.3 $4.5M 4.5M 1.01
Thrx 2 1/8 01/15/23 2.0 $4.1M 2.8M 1.46
Infinera Corporation dbcv 1.750% 6/0 2.0 $4.0M 3.8M 1.06
Aar Corp 2.25% conv 1.7 $3.3M 3.2M 1.05
Volcano Corporation note 2.875% 9/0 1.6 $3.3M 3.3M 1.01
Ttm Technologies Inc conv 1.6 $3.3M 3.0M 1.10
Vipshop Holdings Ltd - Ads bond 1.5 $3.0M 2.5M 1.19
Take-two Interactive Sof note 1.3 $2.6M 2.0M 1.31
Ascent Cap Group Inc note 4.000% 7/1 1.3 $2.6M 2.8M 0.94
Bristow Group Inc note 3.000% 6/1 1.3 $2.5M 2.0M 1.27
J2 Global Inc note 3.250% 6/1 1.3 $2.6M 2.5M 1.02
Solazyme Inc bond 0.3 $565k 500k 1.13
Lkd Barclays Bk Plc Ipath S&p Etn etf 0.2 $320k 25k 12.65