GRAY TELEVISION INC

Ticker: GTN CUSIP: 389375106 Class: Common Stock

ICON ADVISERS INC/CO's Holding History (CIK: 0001058470)

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

Q3 2018

Shares 19,600 Value ($000) $343 Avg Close $16.37 Range $14.60 - $17.90

Q2 2018

Shares 19,600 Value ($000) $310 Avg Close $12.00 Range $10.70 - $17.00

Q1 2018

Shares 18,500 Value ($000) $235 Avg Close $15.09 Range $11.80 - $17.80

Q4 2017

Shares 18,500 Value ($000) $310 Avg Close $15.62 Range $13.90 - $17.50

Q3 2017

Shares 18,500 Value ($000) $290 Avg Close $14.30 Range $13.30 - $15.75

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2018	19,600	$343	$16.37	$14.60 - $17.90
Q2 2018	19,600	$310	$12.00	$10.70 - $17.00
Q1 2018	18,500	$235	$15.09	$11.80 - $17.80
Q4 2017	18,500	$310	$15.62	$13.90 - $17.50
Q3 2017	18,500	$290	$14.30	$13.30 - $15.75