Kempner Capital Management’s Morgan Stanley Floating Rate non-cumulative Preferred Series A MS.PRA Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q3	–	Sell	-19,300	Closed	-$390K	–	73
2014 Q2	$390K	Hold	19,300	–	–	0.15%	53
2014 Q1	$384K	Buy	+19,300	New	+$384K	0.16%	50