PUBLIC STORAGE

Ticker: PSA CUSIP: 74460D109 Class: COM

Global Endowment Management, LP's Holding History (CIK: 0001512237)

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

Q4 2017

Shares 7,900 Value ($000) $1,650 Avg Close $151.35 Range $141.59 - $156.89

Q1 2017

Shares 12,000 Value ($000) $2,627 Avg Close $154.24 Range $147.64 - $160.84

Q3 2016

Shares 4,460 Value ($000) $995 Avg Close $159.74 Range $146.43 - $178.09

Q2 2016

Shares 4,400 Value ($000) $1,125 Avg Close $174.22 Range $160.44 - $188.13

Q1 2016

Shares 4,500 Value ($000) $1,242 Avg Close $170.08 Range $151.28 - $187.61

Q4 2015

Shares 11,000 Value ($000) $2,724 Avg Close $156.77 Range $140.96 - $170.95

Q3 2015

Shares 15,600 Value ($000) $3,301 Avg Close $135.28 Range $120.68 - $144.48

Q2 2015

Shares 11,200 Value ($000) $2,065 Avg Close $126.21 Range $121.23 - $131.75

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2017	7,900	$1,650	$151.35	$141.59 - $156.89
Q1 2017	12,000	$2,627	$154.24	$147.64 - $160.84
Q3 2016	4,460	$995	$159.74	$146.43 - $178.09
Q2 2016	4,400	$1,125	$174.22	$160.44 - $188.13
Q1 2016	4,500	$1,242	$170.08	$151.28 - $187.61
Q4 2015	11,000	$2,724	$156.77	$140.96 - $170.95
Q3 2015	15,600	$3,301	$135.28	$120.68 - $144.48
Q2 2015	11,200	$2,065	$126.21	$121.23 - $131.75