____Mohican Financial Management, LLC_______

Mohican Financial Management as of March 31, 2015

Portfolio Holdings for Mohican Financial Management

Mohican Financial Management holds 44 positions in its portfolio as reported in the March 2015 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Amag Pharmaceuticals Inc note 2.500% 2/1 4.1 $8.3M 4.0M 2.08
Quantum Corp note 4.500% 11/1 4.1 $8.3M 7.1M 1.17
Infinera Corporation dbcv 1.750% 6/0 4.1 $8.3M 5.0M 1.65
Encore Cap Group Inc note 3.000% 7/0 3.8 $7.6M 7.1M 1.08
Ttm Technologies Inc conv 3.8 $7.6M 7.0M 1.09
Healthways Inc note 1.500% 7/0 3.8 $7.6M 6.5M 1.17
Forestar Group Inc note 3.7 $7.5M 8.0M 0.94
Horsehead Hldg Corp note 3.800% 7/0 3.5 $7.2M 6.8M 1.06
Albany Molecular Resh Inc note 2.250%11/1 3.5 $7.0M 5.5M 1.27
Web Com Group Inc note 1.000% 8/1 3.4 $6.9M 7.5M 0.92
Renewable Energy Group Inc mtnf 2.750% 6/1 3.4 $6.9M 7.5M 0.92
Depomed Inc conv 3.3 $6.6M 5.0M 1.32
Endologix Inc note 2.250%12/1 3.2 $6.4M 6.4M 1.00
Altra Holdings, Inc note 2.750% 3/0 3.1 $6.3M 5.5M 1.15
Vipshop Holdings Ltd - Ads bond 3.0 $6.2M 4.0M 1.54
Mentor Graphics 4% 2031 conv 2.8 $5.6M 4.5M 1.25
Trak 1 1/2 03/15/17 2.6 $5.4M 4.5M 1.19
Emergent Biosolutions Inc conv 2.6 $5.2M 4.5M 1.16
Quidel Corp note 3.250%12/1 2.4 $4.9M 4.5M 1.08
Photronics Inc note 2.4 $4.8M 4.6M 1.04
Acorda Therap note 1.75% 6/15 2.3 $4.6M 4.5M 1.02
Accuray Inc Del note 3.750% 8/0 2.2 $4.4M 4.0M 1.11
Array Biopharma Inc note 3.000% 6/0 2.2 $4.4M 3.5M 1.26
Wabash National Corp 3.375 '18 conv 2.1 $4.3M 3.2M 1.35
Take-two Interactive Sof note 2.1 $4.2M 3.0M 1.40
Helix Energy Solutions note 2.0 $4.0M 4.0M 1.00
Interdigital Inc 2.5% conv 1.9 $3.8M 3.5M 1.08
M/i Homes Inc note 3.250% 9/1 1.8 $3.5M 3.0M 1.18
Alaska Communications Systems conv 1.7 $3.4M 3.5M 0.98
Ctrip.com Inter Ltd. conv 1.6 $3.2M 3.0M 1.05
Cornerstone Ondemand Inc conv 1.4 $2.9M 3.0M 0.97
Envestnet Inc note 1.750%12/1 1.4 $2.8M 2.5M 1.11
Fxcm Inc. conv 1.3 $2.7M 3.5M 0.77
Tesaro Inc note 3.000%10/0 1.3 $2.7M 1.5M 1.78
Spectranetics Corp mtnf 2.625% 6/0 1.3 $2.6M 2.0M 1.29
Ascent Cap Group Inc note 4.000% 7/1 1.2 $2.5M 3.3M 0.76
J2 Global Inc note 3.250% 6/1 1.1 $2.3M 2.0M 1.15
Aar Corp 2.25% conv 1.1 $2.1M 2.0M 1.05
Insulet Corp note 2.000% 6/1 1.0 $2.0M 2.0M 1.01
Webmd Health Corp note 1.0 $2.0M 2.0M 1.00
Protalix Biotherapeutics Inc note 4.500% 9/1 1.0 $2.0M 2.6M 0.75
Energy Xxi Bermuda Ltd note 3.000%12/1 0.4 $761k 2.6M 0.29
Lkd Barclays Bk Plc Ipath S&p Etn etf 0.2 $318k 25k 12.57
Solazyme Inc bond 0.1 $118k 250k 0.47