﻿<?xml version="1.0" encoding="UTF-8"?>
<heldOrderRoutingPublicReport xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:noNamespaceSchemaLocation="oh-20190331.xsd">
  <version>1.3</version>
  <bd>Paulson Investment Company  Inc</bd>
  <year>2026</year>
  <qtr>1</qtr>
  <timestamp>2026-04-27T19:09:47Z</timestamp>
  <rMonthly>
    <year>2026</year>
    <mon> 1</mon>
    <rSP500>
      <ndoPct>              0.0000</ndoPct>
      <ndoMarketPct>              0.0000</ndoMarketPct>
      <ndoMarketableLimitPct>              0.0000</ndoMarketableLimitPct>
      <ndoNonmarketableLimitPct>              0.0000</ndoNonmarketableLimitPct>
      <ndoOtherPct>              0.0000</ndoOtherPct>
      <rVenues />
    </rSP500>
    <rOtherStocks>
      <ndoPct>            100.0000</ndoPct>
      <ndoMarketPct>             88.8889</ndoMarketPct>
      <ndoMarketableLimitPct>             11.1111</ndoMarketableLimitPct>
      <ndoNonmarketableLimitPct>              0.0000</ndoNonmarketableLimitPct>
      <ndoOtherPct>              0.0000</ndoOtherPct>
      <rVenues>
        <rVenue>
          <name>CDRG</name>
          <orderPct>            100.0000</orderPct>
          <marketPct>            100.0000</marketPct>
          <marketableLimitPct>            100.0000</marketableLimitPct>
          <nonMarketableLimitPct>              0.0000</nonMarketableLimitPct>
          <otherPct>              0.0000</otherPct>
          <netPmtPaidRecvMarketOrdersUsd>              0.0000</netPmtPaidRecvMarketOrdersUsd>
          <netPmtPaidRecvMarketOrdersCph>              0.0000</netPmtPaidRecvMarketOrdersCph>
          <netPmtPaidRecvMarketableLimitOrdersUsd>              0.0000</netPmtPaidRecvMarketableLimitOrdersUsd>
          <netPmtPaidRecvMarketableLimitOrdersCph>              0.0000</netPmtPaidRecvMarketableLimitOrdersCph>
          <netPmtPaidRecvNonMarketableLimitOrdersUsd>              0.0000</netPmtPaidRecvNonMarketableLimitOrdersUsd>
          <netPmtPaidRecvNonMarketableLimitOrdersCph>              0.0000</netPmtPaidRecvNonMarketableLimitOrdersCph>
          <netPmtPaidRecvOtherOrdersUsd>              0.0000</netPmtPaidRecvOtherOrdersUsd>
          <netPmtPaidRecvOtherOrdersCph>              0.0000</netPmtPaidRecvOtherOrdersCph>
          <materialAspects>Citadel (CDRG) is a broker dealer who provides subscribers access to their electronic communication network (ECN). Paulson Investment Company (“Paulson”) routes held and not-held equity orders to Citadel which are executed through various market centers. Citadel does not charge Paulson transaction fees for orders routed and executed via their ECN. Paulson is rebated at a fixed rate of $0.0007 for all orders routed to Citadel using Citadel Algo’s. Citadel passes through any SEC fees to Paulson. Paulson has no payment for order flow arrangements with Citadel nor do we have any other arraignments otherwise stated herein this disclosure.</materialAspects>
        </rVenue>
      </rVenues>
    </rOtherStocks>
    <rOptions>
      <ndoPct>              0.0000</ndoPct>
      <ndoMarketPct>              0.0000</ndoMarketPct>
      <ndoMarketableLimitPct>              0.0000</ndoMarketableLimitPct>
      <ndoNonmarketableLimitPct>              0.0000</ndoNonmarketableLimitPct>
      <ndoOtherPct>              0.0000</ndoOtherPct>
      <rVenues />
    </rOptions>
  </rMonthly>
  <rMonthly>
    <year>2026</year>
    <mon> 2</mon>
    <rSP500>
      <ndoPct>            100.0000</ndoPct>
      <ndoMarketPct>            100.0000</ndoMarketPct>
      <ndoMarketableLimitPct>              0.0000</ndoMarketableLimitPct>
      <ndoNonmarketableLimitPct>              0.0000</ndoNonmarketableLimitPct>
      <ndoOtherPct>              0.0000</ndoOtherPct>
      <rVenues>
        <rVenue>
          <name>CDRG</name>
          <orderPct>            100.0000</orderPct>
          <marketPct>            100.0000</marketPct>
          <marketableLimitPct>              0.0000</marketableLimitPct>
          <nonMarketableLimitPct>              0.0000</nonMarketableLimitPct>
          <otherPct>              0.0000</otherPct>
          <netPmtPaidRecvMarketOrdersUsd>              0.0000</netPmtPaidRecvMarketOrdersUsd>
          <netPmtPaidRecvMarketOrdersCph>              0.0000</netPmtPaidRecvMarketOrdersCph>
          <netPmtPaidRecvMarketableLimitOrdersUsd>              0.0000</netPmtPaidRecvMarketableLimitOrdersUsd>
          <netPmtPaidRecvMarketableLimitOrdersCph>              0.0000</netPmtPaidRecvMarketableLimitOrdersCph>
          <netPmtPaidRecvNonMarketableLimitOrdersUsd>              0.0000</netPmtPaidRecvNonMarketableLimitOrdersUsd>
          <netPmtPaidRecvNonMarketableLimitOrdersCph>              0.0000</netPmtPaidRecvNonMarketableLimitOrdersCph>
          <netPmtPaidRecvOtherOrdersUsd>              0.0000</netPmtPaidRecvOtherOrdersUsd>
          <netPmtPaidRecvOtherOrdersCph>              0.0000</netPmtPaidRecvOtherOrdersCph>
          <materialAspects>Citadel (CDRG) is a broker dealer who provides subscribers access to their electronic communication network (ECN). Paulson Investment Company (“Paulson”) routes held and not-held equity orders to Citadel which are executed through various market centers. Citadel does not charge Paulson transaction fees for orders routed and executed via their ECN. Paulson is rebated at a fixed rate of $0.0007 for all orders routed to Citadel using Citadel Algo’s. Citadel passes through any SEC fees to Paulson. Paulson has no payment for order flow arrangements with Citadel nor do we have any other arraignments otherwise stated herein this disclosure.</materialAspects>
        </rVenue>
      </rVenues>
    </rSP500>
    <rOtherStocks>
      <ndoPct>            100.0000</ndoPct>
      <ndoMarketPct>            100.0000</ndoMarketPct>
      <ndoMarketableLimitPct>              0.0000</ndoMarketableLimitPct>
      <ndoNonmarketableLimitPct>              0.0000</ndoNonmarketableLimitPct>
      <ndoOtherPct>              0.0000</ndoOtherPct>
      <rVenues>
        <rVenue>
          <name>CDRG</name>
          <orderPct>            100.0000</orderPct>
          <marketPct>            100.0000</marketPct>
          <marketableLimitPct>              0.0000</marketableLimitPct>
          <nonMarketableLimitPct>              0.0000</nonMarketableLimitPct>
          <otherPct>              0.0000</otherPct>
          <netPmtPaidRecvMarketOrdersUsd>              0.0000</netPmtPaidRecvMarketOrdersUsd>
          <netPmtPaidRecvMarketOrdersCph>              0.0000</netPmtPaidRecvMarketOrdersCph>
          <netPmtPaidRecvMarketableLimitOrdersUsd>              0.0000</netPmtPaidRecvMarketableLimitOrdersUsd>
          <netPmtPaidRecvMarketableLimitOrdersCph>              0.0000</netPmtPaidRecvMarketableLimitOrdersCph>
          <netPmtPaidRecvNonMarketableLimitOrdersUsd>              0.0000</netPmtPaidRecvNonMarketableLimitOrdersUsd>
          <netPmtPaidRecvNonMarketableLimitOrdersCph>              0.0000</netPmtPaidRecvNonMarketableLimitOrdersCph>
          <netPmtPaidRecvOtherOrdersUsd>              0.0000</netPmtPaidRecvOtherOrdersUsd>
          <netPmtPaidRecvOtherOrdersCph>              0.0000</netPmtPaidRecvOtherOrdersCph>
          <materialAspects>Citadel (CDRG) is a broker dealer who provides subscribers access to their electronic communication network (ECN). Paulson Investment Company (“Paulson”) routes held and not-held equity orders to Citadel which are executed through various market centers. Citadel does not charge Paulson transaction fees for orders routed and executed via their ECN. Paulson is rebated at a fixed rate of $0.0007 for all orders routed to Citadel using Citadel Algo’s. Citadel passes through any SEC fees to Paulson. Paulson has no payment for order flow arrangements with Citadel nor do we have any other arraignments otherwise stated herein this disclosure.</materialAspects>
        </rVenue>
      </rVenues>
    </rOtherStocks>
    <rOptions>
      <ndoPct>              0.0000</ndoPct>
      <ndoMarketPct>              0.0000</ndoMarketPct>
      <ndoMarketableLimitPct>              0.0000</ndoMarketableLimitPct>
      <ndoNonmarketableLimitPct>              0.0000</ndoNonmarketableLimitPct>
      <ndoOtherPct>              0.0000</ndoOtherPct>
      <rVenues />
    </rOptions>
  </rMonthly>
  <rMonthly>
    <year>2026</year>
    <mon> 3</mon>
    <rSP500>
      <ndoPct>            100.0000</ndoPct>
      <ndoMarketPct>            100.0000</ndoMarketPct>
      <ndoMarketableLimitPct>              0.0000</ndoMarketableLimitPct>
      <ndoNonmarketableLimitPct>              0.0000</ndoNonmarketableLimitPct>
      <ndoOtherPct>              0.0000</ndoOtherPct>
      <rVenues>
        <rVenue>
          <name>CDRG</name>
          <orderPct>            100.0000</orderPct>
          <marketPct>            100.0000</marketPct>
          <marketableLimitPct>              0.0000</marketableLimitPct>
          <nonMarketableLimitPct>              0.0000</nonMarketableLimitPct>
          <otherPct>              0.0000</otherPct>
          <netPmtPaidRecvMarketOrdersUsd>              0.0000</netPmtPaidRecvMarketOrdersUsd>
          <netPmtPaidRecvMarketOrdersCph>              0.0000</netPmtPaidRecvMarketOrdersCph>
          <netPmtPaidRecvMarketableLimitOrdersUsd>              0.0000</netPmtPaidRecvMarketableLimitOrdersUsd>
          <netPmtPaidRecvMarketableLimitOrdersCph>              0.0000</netPmtPaidRecvMarketableLimitOrdersCph>
          <netPmtPaidRecvNonMarketableLimitOrdersUsd>              0.0000</netPmtPaidRecvNonMarketableLimitOrdersUsd>
          <netPmtPaidRecvNonMarketableLimitOrdersCph>              0.0000</netPmtPaidRecvNonMarketableLimitOrdersCph>
          <netPmtPaidRecvOtherOrdersUsd>              0.0000</netPmtPaidRecvOtherOrdersUsd>
          <netPmtPaidRecvOtherOrdersCph>              0.0000</netPmtPaidRecvOtherOrdersCph>
          <materialAspects>Citadel (CDRG) is a broker dealer who provides subscribers access to their electronic communication network (ECN). Paulson Investment Company (“Paulson”) routes held and not-held equity orders to Citadel which are executed through various market centers. Citadel does not charge Paulson transaction fees for orders routed and executed via their ECN. Paulson is rebated at a fixed rate of $0.0007 for all orders routed to Citadel using Citadel Algo’s. Citadel passes through any SEC fees to Paulson. Paulson has no payment for order flow arrangements with Citadel nor do we have any other arraignments otherwise stated herein this disclosure.</materialAspects>
        </rVenue>
      </rVenues>
    </rSP500>
    <rOtherStocks>
      <ndoPct>            100.0000</ndoPct>
      <ndoMarketPct>             92.8571</ndoMarketPct>
      <ndoMarketableLimitPct>              7.1429</ndoMarketableLimitPct>
      <ndoNonmarketableLimitPct>              0.0000</ndoNonmarketableLimitPct>
      <ndoOtherPct>              0.0000</ndoOtherPct>
      <rVenues>
        <rVenue>
          <name>CDRG</name>
          <orderPct>            100.0000</orderPct>
          <marketPct>            100.0000</marketPct>
          <marketableLimitPct>            100.0000</marketableLimitPct>
          <nonMarketableLimitPct>              0.0000</nonMarketableLimitPct>
          <otherPct>              0.0000</otherPct>
          <netPmtPaidRecvMarketOrdersUsd>              0.0000</netPmtPaidRecvMarketOrdersUsd>
          <netPmtPaidRecvMarketOrdersCph>              0.0000</netPmtPaidRecvMarketOrdersCph>
          <netPmtPaidRecvMarketableLimitOrdersUsd>              0.0000</netPmtPaidRecvMarketableLimitOrdersUsd>
          <netPmtPaidRecvMarketableLimitOrdersCph>              0.0000</netPmtPaidRecvMarketableLimitOrdersCph>
          <netPmtPaidRecvNonMarketableLimitOrdersUsd>              0.0000</netPmtPaidRecvNonMarketableLimitOrdersUsd>
          <netPmtPaidRecvNonMarketableLimitOrdersCph>              0.0000</netPmtPaidRecvNonMarketableLimitOrdersCph>
          <netPmtPaidRecvOtherOrdersUsd>              0.0000</netPmtPaidRecvOtherOrdersUsd>
          <netPmtPaidRecvOtherOrdersCph>              0.0000</netPmtPaidRecvOtherOrdersCph>
          <materialAspects>Citadel (CDRG) is a broker dealer who provides subscribers access to their electronic communication network (ECN). Paulson Investment Company (“Paulson”) routes held and not-held equity orders to Citadel which are executed through various market centers. Citadel does not charge Paulson transaction fees for orders routed and executed via their ECN. Paulson is rebated at a fixed rate of $0.0007 for all orders routed to Citadel using Citadel Algo’s. Citadel passes through any SEC fees to Paulson. Paulson has no payment for order flow arrangements with Citadel nor do we have any other arraignments otherwise stated herein this disclosure.</materialAspects>
        </rVenue>
      </rVenues>
    </rOtherStocks>
    <rOptions>
      <ndoPct>              0.0000</ndoPct>
      <ndoMarketPct>              0.0000</ndoMarketPct>
      <ndoMarketableLimitPct>              0.0000</ndoMarketableLimitPct>
      <ndoNonmarketableLimitPct>              0.0000</ndoNonmarketableLimitPct>
      <ndoOtherPct>              0.0000</ndoOtherPct>
      <rVenues />
    </rOptions>
  </rMonthly>
</heldOrderRoutingPublicReport>