CLIFFS NAT RES 7% PFD DEP 1/40

CUSIP: 18683K408 Class: CONVERTIBLE PREFERRED STOCK

Laffer Tengler Investments, Inc.'s Holding History (CIK: 0001307878)

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

Q1 2014

Shares 72,937 Value ($000) $1,511,984 Avg Close — Range —

Q4 2013

Shares 71,221 Value ($000) $1,635,234 Avg Close — Range —

Q3 2013

Shares 70,730 Value ($000) $1,398,332 Avg Close — Range —

Q2 2013

Shares 72,290 Value ($000) $1,282,424 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2014	72,937	$1,511,984	—	—
Q4 2013	71,221	$1,635,234	—	—
Q3 2013	70,730	$1,398,332	—	—
Q2 2013	72,290	$1,282,424	—	—