CIM Investment Management’s PS Business Parks, Inc. Depositary Shares Each Representing 1/1,000 of a Share of 5.25 Percent Cumulative Preferred Stock, Series X PSB.PRX Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2018 Q3	–	Sell	-40,000	Closed	-$952K	–	360
2018 Q2	$952K	Hold	40,000	–	–	0.33%	70
2018 Q1	$933K	Hold	40,000	–	–	0.32%	72
2017 Q4	$1.01M	Hold	40,000	–	–	0.35%	68
2017 Q3	$1.01M	Buy	+40,000	New	+$1.01M	0.37%	57