QUAD / GRAPHICS INC

Ticker: QUAD CUSIP: 747301109 Class: COM CL A

MACKAY SHIELDS LLC's Holding History (CIK: 0000061227)

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

Q4 2019

Shares 179,465 Value ($000) $838 Avg Close $6.25 Range $3.63 - $11.31

Q3 2019

Shares 21,265 Value ($000) $223 Avg Close $9.35 Range $7.31 - $12.12

Q1 2019

Shares 119,315 Value ($000) $1,420 Avg Close $13.41 Range $10.91 - $16.88

Q4 2018

Shares 91,104 Value ($000) $1,122 Avg Close $16.13 Range $11.56 - $21.08

Q3 2018

Shares 168,707 Value ($000) $3,516 Avg Close $21.57 Range $19.71 - $24.93

Q2 2018

Shares 220,707 Value ($000) $4,597 Avg Close $21.85 Range $17.73 - $26.30

Q1 2018

Shares 128,834 Value ($000) $3,266 Avg Close $24.35 Range $19.56 - $31.29

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2019	179,465	$838	$6.25	$3.63 - $11.31
Q3 2019	21,265	$223	$9.35	$7.31 - $12.12
Q1 2019	119,315	$1,420	$13.41	$10.91 - $16.88
Q4 2018	91,104	$1,122	$16.13	$11.56 - $21.08
Q3 2018	168,707	$3,516	$21.57	$19.71 - $24.93
Q2 2018	220,707	$4,597	$21.85	$17.73 - $26.30
Q1 2018	128,834	$3,266	$24.35	$19.56 - $31.29