PITNEY BOWES INC

CUSIP: 724479506 Class: PFD

Janney Montgomery Scott LLC's Holding History (CIK: 0001329948)

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

Q1 2015
Shares 23,352 Value ($000) $625 Avg Close — Range —
Q4 2014
Shares 18,227 Value ($000) $485,932 Avg Close — Range —
Q3 2014
Shares 10,660 Value ($000) $276,201 Avg Close — Range —