PITNEY BOWES INC

Ticker: PBI CUSIP: 724479100 Class: EQTY

K2 PRINCIPAL FUND, L.P.'s Holding History (CIK: 0001461790)

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

Q4 2020

Shares 52,049 Value ($000) $321 Avg Close $6.01 Range $5.10 - $7.70

Q3 2020

Shares 10,479 Value ($000) $56 Avg Close $4.62 Range $2.34 - $7.16

Q1 2020

Shares 11,816 Value ($000) $24 Avg Close $3.43 Range $1.80 - $4.29

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2020	52,049	$321	$6.01	$5.10 - $7.70
Q3 2020	10,479	$56	$4.62	$2.34 - $7.16
Q1 2020	11,816	$24	$3.43	$1.80 - $4.29