PITNEY BOWES INC

Ticker: PBI CUSIP: 724479100 Class: EQTY

SPIRIT OF AMERICA MANAGEMENT CORP/NY's Holding History (CIK: 0001041283)

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

Q1 2015
Shares 4,000 Value ($000) $93 Avg Close $23.28 Range $21.15 - $24.60
Q4 2014
Shares 4,000 Value ($000) $97 Avg Close $24.43 Range $22.38 - $25.68
Q3 2014
Shares 4,000 Value ($000) $100 Avg Close $26.74 Range $24.63 - $28.37
Q2 2014
Shares 4,000 Value ($000) $110 Avg Close $26.63 Range $24.06 - $28.23
Q1 2014
Shares 4,000 Value ($000) $104 Avg Close $24.66 Range $21.01 - $26.63