INTERNATIONAL BUSINESS MACHS

Ticker: IBM CUSIP: 459200101 Class: COM

PORTLAND INVESTMENT COUNSEL INC.'s Holding History (CIK: 0001081668)

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

Q3 2014

Shares 12,094 Value ($000) $2,251 Avg Close $114.33 Range $108.62 - $117.41

Q2 2014

Shares 18,000 Value ($000) $3,263 Avg Close $112.28 Range $107.17 - $118.40

Q3 2013

Shares 22,960 Value ($000) $4,122 Avg Close $111.55 Range $106.48 - $117.56

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2014	12,094	$2,251	$114.33	$108.62 - $117.41
Q2 2014	18,000	$3,263	$112.28	$107.17 - $118.40
Q3 2013	22,960	$4,122	$111.55	$106.48 - $117.56