Alerus Investment Advisors’s Public Storage Depositary Shares Each Representing 1/1,000 of a 5.875% Cumulative Preferred Share of PSA.PRA.CL Stock Holding History

Alerus Investment Advisors’s Portfolio PSA.PRA.CL Stock Details PSA.PRA.CL Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2016 Q1	$80K	Hold
2015 Q4	$78K	Buy
2015 Q3	$60K	Buy