Philadelphia Financial Management of San Francisco’s Grupo Cibest S.A. American Depositary Shares (each representing four (4) Preferred Shares) CIB Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2022 Q3	–	Sell	-479,944	Closed	-$14.8M	–	35
2022 Q2	$14.8M	Buy	479,944 +223,072	+87%	+$6.88M	4.35%	8
2022 Q1	$11M	Buy	+256,872	New	+$11M	3.52%	11