Forward Management’s Costamare CMRE Stock Holding History

Quarter	Market Value	Status	Shares	Shares Change %	Trade Value	Portfolio Weight	Portfolio Position
2015 Q4	–	Sell	-51,000	Closed	-$626K	–	265
2015 Q3	$626K	Hold	51,000	–	–	0.05%	182
2015 Q2	$937K	Buy	51,000 +7,000	+16%	+$129K	0.06%	192
2015 Q1	$775K	Buy	+44,000	New	+$775K	0.05%	200