SEVEN POINTS CAPITAL

SEC Rule 606 Quarterly Report for the Quarter Ending June 30, 2014

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 :

Market orders as percentage of total non-directed orders 49%

Limit orders as percentage of total non-directed orders 51%

Information Concerning Significant Venues :

New York Stock Exchange Listed Symols

Venue

% of volume

% of orders - Market

% of orders - Limit

PFSI

57

29

71

ARCA

39

12

88

NYSE

2

62

38

AWAY

1

0

100

ISLD

1

0

100



American Stock Exchange Listed Symols

Venue

% of volume

% of orders - Market

% of orders - Limit

ISLD

53

0

100

ARCA

47

0

100



NASDAQ Listed Symols

Venue

% of volume

% of orders - Market

% of orders - Limit

PFSI

69

62

38

ARCA

29

3

97

AWAY

1

0

100



Other and Regional Exchanges Listed Symols

Venue

% of volume

% of orders - Market

% of orders - Limit

PFSI

78

55

45

ARCA

23

0

100

NTO

5

1

99