PITNEY BOWES INC

Ticker: PBI CUSIP: 724479100 Class: EQTY

HERITAGE INVESTORS MANAGEMENT CORP's Holding History (CIK: 0000937589)

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

Q1 2019

Shares 11,645 Value ($000) $80 Avg Close $6.92 Range $5.82 - $8.32

Q4 2018

Shares 11,645 Value ($000) $69 Avg Close $7.20 Range $5.51 - $8.56

Q3 2018

Shares 11,645 Value ($000) $82 Avg Close $8.08 Range $6.88 - $9.30

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2019	11,645	$80	$6.92	$5.82 - $8.32
Q4 2018	11,645	$69	$7.20	$5.51 - $8.56
Q3 2018	11,645	$82	$8.08	$6.88 - $9.30