PURE CYCLE CORP

Ticker: PCYO CUSIP: 746228303 Class: Common Stock

Hilton Capital Management, LLC's Holding History (CIK: 0001541211)

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

Q2 2015

Shares 147,216 Value ($000) $764 Avg Close $5.20 Range $4.62 - $5.55

Q1 2015

Shares 194,690 Value ($000) $1,003 Avg Close $4.51 Range $3.54 - $5.50

Q4 2014

Shares 63,500 Value ($000) $412 Avg Close $5.35 Range $3.92 - $6.46

Q2 2014

Shares 38,900 Value ($000) $263 Avg Close $5.71 Range $4.96 - $6.91

Q1 2014

Shares 38,900 Value ($000) $235 Avg Close $6.27 Range $5.75 - $7.17

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2015	147,216	$764	$5.20	$4.62 - $5.55
Q1 2015	194,690	$1,003	$4.51	$3.54 - $5.50
Q4 2014	63,500	$412	$5.35	$3.92 - $6.46
Q2 2014	38,900	$263	$5.71	$4.96 - $6.91
Q1 2014	38,900	$235	$6.27	$5.75 - $7.17