SEVEN POINTS CAPITAL

SEC Rule 606 Quarterly Report for the Quarter Ending June 30, 2012

Seven Points Capital has prepared this report pursuant to a U.S. Securities and Exchange Commission rule requiring all brokerage firms to make publicly available quarterly reports on their order routing practices. The report provides information on the routing of "non-directed orders" - any order that the customer has not specifically instructed to be routed to a particular venue [market center] for execution. For these non-directed orders, Seven Points Capital has selected the execution venue on behalf of its customers. Seven Points Capital may participate in programs which result in its receipt of remuneration, compensation or other consideration for the placing of orders with other broker-dealers, exchanges and market centers for execution.

Based on the design of the firm's proprietary order routing mechanism, most orders were routed to and executed by multiple venues. Therefore, the data below reflects the percentages of orders routed for execution at each market venue.

Summary Statistics :
Non-directed orders as percentage of total customer orders 7%

Market orders as percentage of total non-directed orders 19%

Limit orders as percentage of total non-directed orders 81%

Information Concerning Significant Venues :

New York Stock Exchange Listed Symols
Venue % of volume % of orders - Market % of orders - Limit
OMS 43 68 32
HDSN 25 5 95
Knight Capital Markets 10 21 79
ISLD 9 0 100
MAXM 4 36 64
ARCA 3 10 90
BAMALGO 2 5 95
VFIN 2 79 21


American Stock Exchange Listed Symols
Venue % of volume % of orders - Market % of orders - Limit
HDSN 51 100 100
MAXM 36 100 0
ARCA 12 0 100
PFSI 1 0 100


NASDAQ Listed Symols
Venue % of volume % of orders - Market % of orders - Limit
HDSN 20 46 64
OMS 16 87 13
ARCA 16 2 98
BAMALGO 15 0 100
Knight Capital Markets 12 48 52
ISLD 9 13 87
MAXM 8 49 51
PFSI 2 6 94
VFIN 1 57 43


Other and Regional Exchanges Listed Symols
Venue % of volume % of orders - Market % of orders - Limit
Knight Capital Markets 40 5 195
OMS 29 1 99
HDSN 23 7 93
PFSI 3 0 100
MAXM 2 64 36
VFIN 2 100 0
ISLD 1 0 100