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

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2016 Q2	–	Sell	-8,500	Closed	-$228K	–	452
2016 Q1	$228K	Hold	8,500	–	–	0.04%	311
2015 Q4	$225K	Hold	8,500	–	–	0.04%	324
2015 Q3	$216K	Hold	8,500	–	–	0.04%	318
2015 Q2	$211K	Sell	8,500 -1,500	-15%	-$37.2K	0.03%	352
2015 Q1	$255K	Buy	+10,000	New	+$255K	0.03%	316