AR Asset Management’s Public Storage Depositary Shares, Each Representing 1/1,000 of a 5.20% Cumulative Preferred Share of PSA.PRW Stock Holding History

Quarter	Market Value	Status	Shares	Shares Change %	Trade Value	Portfolio Weight	Portfolio Position
2020 Q3	–	Sell	-38,000	Closed	-$952K	–	116
2020 Q2	$952K	Hold	38,000	–	–	0.36%	63
2020 Q1	$902K	Hold	38,000	–	–	0.37%	62
2019 Q4	$961K	Hold	38,000	–	–	0.32%	68
2019 Q3	$953K	Hold	38,000	–	–	0.34%	65
2019 Q2	$944K	Hold	38,000	–	–	0.34%	65
2019 Q1	$933K	Buy	38,000 +4,000	+12%	+$98.2K	0.35%	66
2018 Q4	$748K	Sell	34,000 -4,000	-11%	-$88K	0.32%	67
2018 Q3	$904K	Hold	38,000	–	–	0.33%	70
2018 Q2	$946K	Hold	38,000	–	–	0.37%	65
2018 Q1	$918K	Hold	38,000	–	–	0.37%	64
2017 Q4	$950K	Hold	38,000	–	–	0.37%	64
2017 Q3	$964K	Sell	38,000 -4,000	-10%	-$101K	0.38%	62
2017 Q2	$1.06M	Hold	42,000	–	–	0.43%	57
2017 Q1	$1.05M	Hold	42,000	–	–	0.43%	54
2016 Q4	$977K	Sell	42,000 -10,000	-19%	-$233K	0.42%	56
2016 Q3	$1.33M	Hold	52,000	–	–	0.58%	45
2016 Q2	$1.36M	Hold	52,000	–	–	0.57%	48
2016 Q1	$1.33M	Hold	52,000	–	–	0.58%	47
2015 Q4	$1.3M	Sell	52,000 -1,000	-2%	-$25K	0.59%	46
2015 Q3	$1.26M	Hold	53,000	–	–	0.56%	47
2015 Q2	$1.23M	Hold	53,000	–	–	0.5%	51
2015 Q1	$1.28M	Buy	53,000 +10,000	+23%	+$242K	0.51%	53
2014 Q4	$987K	Sell	43,000 -10,000	-19%	-$230K	0.4%	58
2014 Q3	$1.2M	Hold	53,000	–	–	0.49%	54
2014 Q2	$1.17M	Hold	53,000	–	–	0.47%	53
2014 Q1	$1.11M	Hold	53,000	–	–	0.47%	53
2013 Q4	$999K	Sell	53,000 -27,200	-34%	-$513K	0.42%	53
2013 Q3	$1.62M	Hold	80,200	–	–	0.72%	35
2013 Q2	$1.87M	Buy	+80,200	New	+$1.87M	0.84%	34