DONNELLEY FINL SOLUTIONS INC

Ticker: DFIN CUSIP: 25787G100 Class: COM

CONFLUENCE INVESTMENT MANAGEMENT LLC's Holding History (CIK: 0001442056)

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

Q2 2017

Shares 305,275 Value ($000) $7,009 Avg Close $21.89 Range $18.95 - $24.00

Q1 2017

Shares 706,988 Value ($000) $13,638 Avg Close $22.53 Range $18.87 - $27.08

Q4 2016

Shares 816,626 Value ($000) $18,766 Avg Close $21.18 Range $18.02 - $28.50

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2017	305,275	$7,009	$21.89	$18.95 - $24.00
Q1 2017	706,988	$13,638	$22.53	$18.87 - $27.08
Q4 2016	816,626	$18,766	$21.18	$18.02 - $28.50