R.M. Sincerbeaux Capital Management’s Safehold SAFE Stock Holding History

Quarter	Market Value	Status	Shares	Shares Change %	Trade Value	Portfolio Weight	Portfolio Position
2022 Q2	–	Sell	-55,000	Closed	-$1.29M	–	46
2022 Q1	$1.29M	Hold	55,000	–	–	0.82%	28
2021 Q4	$1.42M	Hold	55,000	–	–	0.85%	28
2021 Q3	$1.38M	Hold	55,000	–	–	0.9%	28
2021 Q2	$1.14M	Hold	55,000	–	–	0.72%	31
2021 Q1	$978K	Hold	55,000	–	–	0.67%	31
2020 Q4	$817K	Hold	55,000	–	–	0.59%	31
2020 Q3	$650K	Hold	55,000	–	–	0.56%	30
2020 Q2	$678K	Hold	55,000	–	–	0.6%	30
2020 Q1	$584K	Hold	55,000	–	–	0.58%	32
2019 Q4	$798K	Sell	55,000 -1,000	-2%	-$14.5K	0.62%	32
2019 Q3	$731K	Buy	56,000 +1,000	+2%	+$13.1K	0.58%	31
2019 Q2	$683K	Sell	55,000 -1,000	-2%	-$12.4K	0.56%	32
2019 Q1	$472K	Hold	56,000	–	–	0.38%	36
2018 Q4	$514K	Hold	56,000	–	–	0.48%	35
2018 Q3	$626K	Hold	56,000	–	–	0.51%	35
2018 Q2	$604K	Buy	56,000 +1,000	+2%	+$10.8K	0.53%	34
2018 Q1	$559K	Hold	55,000	–	–	0.52%	33
2017 Q4	$622K	Hold	55,000	–	–	0.57%	33
2017 Q3	$649K	Hold	55,000	–	–	0.63%	32
2017 Q2	$662K	Hold	55,000	–	–	0.6%	35
2017 Q1	$649K	Hold	55,000	–	–	0.6%	35
2016 Q4	$680K	Hold	55,000	–	–	0.64%	35
2016 Q3	$590K	Hold	55,000	–	–	0.57%	37
2016 Q2	$527K	Sell	55,000 -1,300	-2%	-$12.5K	0.54%	39
2016 Q1	$544K	Buy	56,300 +1,300	+2%	+$12.6K	0.57%	37
2015 Q4	$645K	Sell	55,000 -2,800	-5%	-$32.8K	0.7%	36
2015 Q3	$727K	Buy	57,800 +1,300	+2%	+$16.4K	0.77%	33
2015 Q2	$753K	Hold	56,500	–	–	0.74%	33
2015 Q1	$735K	Hold	56,500	–	–	0.67%	36
2014 Q4	$771K	Sell	56,500 -31,500	-36%	-$430K	0.7%	36
2014 Q3	$1.19M	Hold	88,000	–	–	1.09%	30
2014 Q2	$1.32M	Sell	88,000 -2,000	-2%	-$30K	1.24%	29
2014 Q1	$1.33M	Hold	90,000	–	–	1.31%	29
2013 Q4	$1.28M	Buy	+90,000	New	+$1.28M	1.26%	29