Tocqueville Asset Management’s Public Storage Depositary Shares, Each Representing 1/1,000 of a 5.20% Cumulative Preferred Share of PSA.PRW Stock Holding History

Quarter	Market Value	Status	Shares	Shares Change %	Trade Value	Portfolio Weight	Portfolio Position
2016 Q4	–	Sell	-12,600	Closed	-$323K	–	869
2016 Q3	$323K	Buy	+12,600	New	+$323K	﹤0.01%	699
2014 Q3	–	Sell	-7,900	Closed	-$175K	–	1394
2014 Q2	$175K	Buy	+7,900	New	+$175K	﹤0.01%	995