BLACK HILLS CORP

Ticker: BKH CUSIP: 092113109 Class: COM

Connor, Clark & Lunn Investment Management Ltd.'s Holding History (CIK: 0001596800)

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

Q4 2025

Shares 159,341 Value ($000) $11,061 Avg Close $66.47 Range $58.20 - $73.32

Q3 2025

Shares 101,264 Value ($000) $6,237 Avg Close $57.38 Range $54.13 - $60.96

Q2 2025

Shares 77,400 Value ($000) $4,342 Avg Close $56.47 Range $52.67 - $59.65

Q1 2025

Shares 24,045 Value ($000) $1,458 Avg Close $56.47 Range $52.15 - $59.45

Q2 2024

Shares 63,442 Value ($000) $3,450 Avg Close $50.26 Range $46.53 - $53.93

Q1 2024

Shares 113,167 Value ($000) $6,179 Avg Close $47.73 Range $44.68 - $50.77

Q4 2023

Shares 92,563 Value ($000) $4,994 Avg Close $46.16 Range $41.54 - $51.76

Q3 2023

Shares 56,101 Value ($000) $2,838 Avg Close $50.50 Range $44.92 - $54.81

Q2 2020

Shares 11,583 Value ($000) $656 Avg Close $47.91 Range $41.68 - $55.82

Q1 2020

Shares 11,645 Value ($000) $746 Avg Close $59.44 Range $37.90 - $68.25

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	159,341	$11,061	$66.47	$58.20 - $73.32
Q3 2025	101,264	$6,237	$57.38	$54.13 - $60.96
Q2 2025	77,400	$4,342	$56.47	$52.67 - $59.65
Q1 2025	24,045	$1,458	$56.47	$52.15 - $59.45
Q2 2024	63,442	$3,450	$50.26	$46.53 - $53.93
Q1 2024	113,167	$6,179	$47.73	$44.68 - $50.77
Q4 2023	92,563	$4,994	$46.16	$41.54 - $51.76
Q3 2023	56,101	$2,838	$50.50	$44.92 - $54.81
Q2 2020	11,583	$656	$47.91	$41.68 - $55.82
Q1 2020	11,645	$746	$59.44	$37.90 - $68.25