AT&T INC

Ticker: T CUSIP: 00206R102 Class: COM

Palisades Investment Partners, LLC's Holding History (CIK: 0001427373)

Note: Option positions (PUT/CALL) are excluded.

Q2 2014

Shares 31,000 Value ($000) $1,096,160,000 Avg Close $11.78 Range $11.32 - $12.26

Q1 2014

Shares 51,900 Value ($000) $1,820,133 Avg Close $10.85 Range $10.37 - $11.60

Q4 2013

Shares 51,900 Value ($000) $1,777 Avg Close $11.17 Range $10.60 - $11.82

Q3 2013

Shares 67,900 Value ($000) $2,296 Avg Close $10.96 Range $10.47 - $11.46

Q2 2013

Shares 67,900 Value ($000) $2,404 Avg Close $11.40 Range $10.58 - $12.10

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2014	31,000	$1,096,160,000	$11.78	$11.32 - $12.26
Q1 2014	51,900	$1,820,133	$10.85	$10.37 - $11.60
Q4 2013	51,900	$1,777	$11.17	$10.60 - $11.82
Q3 2013	67,900	$2,296	$10.96	$10.47 - $11.46
Q2 2013	67,900	$2,404	$11.40	$10.58 - $12.10