ENCORE CAP GROUP INC

Ticker: ECPG CUSIP: 292554102 Class: Common Stock

Municipal Employees' Retirement System of Michigan's Holding History (CIK: 0001588873)

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

Q1 2020

Shares 8,460 Value ($000) $198 Avg Close $33.65 Range $15.27 - $40.16

Q4 2019

Shares 8,460 Value ($000) $299 Avg Close $34.97 Range $30.36 - $37.61

Q3 2019

Shares 8,290 Value ($000) $276 Avg Close $35.12 Range $31.54 - $39.19

Q2 2019

Shares 15,870 Value ($000) $538 Avg Close $32.46 Range $27.27 - $37.19

Q1 2019

Shares 14,890 Value ($000) $405 Avg Close $29.85 Range $22.19 - $35.91

Q4 2018

Shares 14,780 Value ($000) $347 Avg Close $26.87 Range $20.38 - $36.21

Q2 2018

Shares 6,720 Value ($000) $246 Avg Close $42.06 Range $36.30 - $47.80

Q1 2018

Shares 9,480 Value ($000) $428 Avg Close $42.77 Range $38.40 - $46.65

Q4 2017

Shares 8,880 Value ($000) $374 Avg Close $45.68 Range $42.00 - $52.00

Q3 2017

Shares 8,880 Value ($000) $393 Avg Close $40.50 Range $37.30 - $44.95

Q2 2017

Shares 5,560 Value ($000) $223 Avg Close $35.90 Range $29.80 - $41.38

Q1 2017

Shares 13,190 Value ($000) $406 Avg Close $31.48 Range $27.80 - $35.92

Q4 2016

Shares 13,190 Value ($000) $378 Avg Close $24.47 Range $17.66 - $30.40

Q3 2016

Shares 5,260 Value ($000) $118 Avg Close $22.54 Range $20.32 - $25.52

Q2 2016

Shares 5,180 Value ($000) $122 Avg Close $25.68 Range $21.45 - $29.02

Q1 2016

Shares 5,020 Value ($000) $129 Avg Close $23.07 Range $16.09 - $29.44

Q4 2015

Shares 4,750 Value ($000) $138 Avg Close $34.52 Range $28.17 - $41.44

Q3 2015

Shares 4,700 Value ($000) $174 Avg Close $40.85 Range $35.31 - $44.43

Q2 2015

Shares 4,570 Value ($000) $195 Avg Close $40.99 Range $37.89 - $44.61

Q1 2015

Shares 4,500 Value ($000) $187 Avg Close $41.53 Range $36.40 - $44.66

Q4 2014

Shares 6,000 Value ($000) $266 Avg Close $43.04 Range $39.62 - $46.18

Q3 2014

Shares 6,000 Value ($000) $266 Avg Close $44.21 Range $42.04 - $46.40

Q2 2014

Shares 5,700 Value ($000) $259 Avg Close $44.22 Range $40.62 - $46.78

Q1 2014

Shares 5,700 Value ($000) $260 Avg Close $48.27 Range $45.05 - $51.31

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2020	8,460	$198	$33.65	$15.27 - $40.16
Q4 2019	8,460	$299	$34.97	$30.36 - $37.61
Q3 2019	8,290	$276	$35.12	$31.54 - $39.19
Q2 2019	15,870	$538	$32.46	$27.27 - $37.19
Q1 2019	14,890	$405	$29.85	$22.19 - $35.91
Q4 2018	14,780	$347	$26.87	$20.38 - $36.21
Q2 2018	6,720	$246	$42.06	$36.30 - $47.80
Q1 2018	9,480	$428	$42.77	$38.40 - $46.65
Q4 2017	8,880	$374	$45.68	$42.00 - $52.00
Q3 2017	8,880	$393	$40.50	$37.30 - $44.95
Q2 2017	5,560	$223	$35.90	$29.80 - $41.38
Q1 2017	13,190	$406	$31.48	$27.80 - $35.92
Q4 2016	13,190	$378	$24.47	$17.66 - $30.40
Q3 2016	5,260	$118	$22.54	$20.32 - $25.52
Q2 2016	5,180	$122	$25.68	$21.45 - $29.02
Q1 2016	5,020	$129	$23.07	$16.09 - $29.44
Q4 2015	4,750	$138	$34.52	$28.17 - $41.44
Q3 2015	4,700	$174	$40.85	$35.31 - $44.43
Q2 2015	4,570	$195	$40.99	$37.89 - $44.61
Q1 2015	4,500	$187	$41.53	$36.40 - $44.66
Q4 2014	6,000	$266	$43.04	$39.62 - $46.18
Q3 2014	6,000	$266	$44.21	$42.04 - $46.40
Q2 2014	5,700	$259	$44.22	$40.62 - $46.78
Q1 2014	5,700	$260	$48.27	$45.05 - $51.31