RAYONIER INC

Ticker: RYN CUSIP: 754907103 Class: COM

NAPLES GLOBAL ADVISORS, LLC's Holding History (CIK: 0001582151)

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

Q3 2014
Shares 10,717 Value ($000) $334 Avg Close — Range —
Q2 2014
Shares 13,167 Value ($000) $468 Avg Close — Range —
Q1 2014
Shares 12,332 Value ($000) $566 Avg Close — Range —
Q4 2013
Shares 11,912 Value ($000) $501 Avg Close — Range —