KCM Investment Advisors’s SAFE BULKERS, INC. 8.00% SER C SB.PRC Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2015 Q2	–	Sell	-15,350	Closed	-$320K	–	549
2015 Q1	$320K	Sell	15,350 -15,050	-50%	-$314K	0.03%	414
2014 Q4	$526K	Sell	30,400 -790	-3%	-$13.7K	0.04%	333
2014 Q3	$758K	Buy	31,190 +1,150	+4%	+$27.9K	0.07%	257
2014 Q2	$758K	Buy	+30,040	New	+$758K	0.07%	259