M & T BK CORP

Ticker: MTB CUSIP: 55261F104 Class: COM

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

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

Q2 2020

Shares 9,880 Value ($000) $1,027 Avg Close $87.80 Range $70.48 - $108.89

Q1 2020

Shares 8,380 Value ($000) $867 Avg Close $121.20 Range $72.59 - $143.03

Q4 2019

Shares 8,380 Value ($000) $1,423 Avg Close $132.84 Range $120.05 - $141.90

Q3 2019

Shares 7,950 Value ($000) $1,256 Avg Close $127.93 Range $115.55 - $141.88

Q2 2019

Shares 7,950 Value ($000) $1,353 Avg Close $133.84 Range $127.29 - $138.45

Q1 2019

Shares 10,030 Value ($000) $1,575 Avg Close $131.85 Range $113.08 - $141.64

Q4 2018

Shares 12,050 Value ($000) $1,725 Avg Close $127.57 Range $107.21 - $137.04

Q2 2018

Shares 8,360 Value ($000) $1,422 Avg Close $141.53 Range $132.54 - $148.86

Q1 2018

Shares 3,920 Value ($000) $723 Avg Close $146.61 Range $133.51 - $155.61

Q4 2017

Shares 3,920 Value ($000) $670 Avg Close $129.92 Range $121.79 - $138.71

Q3 2017

Shares 3,920 Value ($000) $631 Avg Close $122.44 Range $110.34 - $129.80

Q2 2017

Shares 5,000 Value ($000) $810 Avg Close $122.39 Range $114.25 - $127.61

Q1 2017

Shares 12,140 Value ($000) $1,879 Avg Close $124.95 Range $115.77 - $133.93

Q4 2016

Shares 12,140 Value ($000) $1,899 Avg Close $104.02 Range $86.11 - $122.08

Q3 2016

Shares 11,260 Value ($000) $1,307 Avg Close $88.80 Range $84.74 - $91.81

Q2 2016

Shares 11,240 Value ($000) $1,329 Avg Close $88.17 Range $81.12 - $92.11

Q1 2016

Shares 4,880 Value ($000) $542 Avg Close $81.93 Range $75.36 - $89.79

Q4 2015

Shares 4,780 Value ($000) $579 Avg Close $91.64 Range $83.48 - $95.93

Q3 2015

Shares 3,990 Value ($000) $487 Avg Close $93.27 Range $83.75 - $99.75

Q2 2015

Shares 7,630 Value ($000) $953 Avg Close $91.35 Range $87.23 - $95.80

Q1 2015

Shares 3,900 Value ($000) $495 Avg Close $89.29 Range $82.26 - $95.91

Q4 2014

Shares 4,600 Value ($000) $578 Avg Close $90.02 Range $82.27 - $94.90

Q3 2014

Shares 4,600 Value ($000) $567 Avg Close $89.75 Range $86.23 - $94.17

Q2 2014

Shares 4,400 Value ($000) $546 Avg Close $88.34 Range $84.00 - $91.61

Q1 2014

Shares 4,400 Value ($000) $534 Avg Close $83.18 Range $78.50 - $89.02

Q4 2013

Shares 4,100 Value ($000) $477 Avg Close $81.40 Range $78.07 - $84.34

Q3 2013

Shares 4,100 Value ($000) $459 Avg Close $82.37 Range $78.25 - $84.92

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2020	9,880	$1,027	$87.80	$70.48 - $108.89
Q1 2020	8,380	$867	$121.20	$72.59 - $143.03
Q4 2019	8,380	$1,423	$132.84	$120.05 - $141.90
Q3 2019	7,950	$1,256	$127.93	$115.55 - $141.88
Q2 2019	7,950	$1,353	$133.84	$127.29 - $138.45
Q1 2019	10,030	$1,575	$131.85	$113.08 - $141.64
Q4 2018	12,050	$1,725	$127.57	$107.21 - $137.04
Q2 2018	8,360	$1,422	$141.53	$132.54 - $148.86
Q1 2018	3,920	$723	$146.61	$133.51 - $155.61
Q4 2017	3,920	$670	$129.92	$121.79 - $138.71
Q3 2017	3,920	$631	$122.44	$110.34 - $129.80
Q2 2017	5,000	$810	$122.39	$114.25 - $127.61
Q1 2017	12,140	$1,879	$124.95	$115.77 - $133.93
Q4 2016	12,140	$1,899	$104.02	$86.11 - $122.08
Q3 2016	11,260	$1,307	$88.80	$84.74 - $91.81
Q2 2016	11,240	$1,329	$88.17	$81.12 - $92.11
Q1 2016	4,880	$542	$81.93	$75.36 - $89.79
Q4 2015	4,780	$579	$91.64	$83.48 - $95.93
Q3 2015	3,990	$487	$93.27	$83.75 - $99.75
Q2 2015	7,630	$953	$91.35	$87.23 - $95.80
Q1 2015	3,900	$495	$89.29	$82.26 - $95.91
Q4 2014	4,600	$578	$90.02	$82.27 - $94.90
Q3 2014	4,600	$567	$89.75	$86.23 - $94.17
Q2 2014	4,400	$546	$88.34	$84.00 - $91.61
Q1 2014	4,400	$534	$83.18	$78.50 - $89.02
Q4 2013	4,100	$477	$81.40	$78.07 - $84.34
Q3 2013	4,100	$459	$82.37	$78.25 - $84.92