RAYONIER INC

Ticker: RYN CUSIP: 754907103 Class: COM

Cascade Investment Advisors, Inc.'s Holding History (CIK: 0001681490)

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

Q4 2017

Shares 44,250 Value ($000) $1,399,627 Avg Close — Range —

Q3 2017

Shares 49,300 Value ($000) $1,424,277 Avg Close — Range —

Q2 2017

Shares 50,300 Value ($000) $1,447,131 Avg Close — Range —

Q1 2017

Shares 52,200 Value ($000) $1,479,348 Avg Close — Range —

Q4 2016

Shares 54,375 Value ($000) $1,446,375 Avg Close — Range —

Q2 2016

Shares 53,700 Value ($000) $1,409,088 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2017	44,250	$1,399,627	—	—
Q3 2017	49,300	$1,424,277	—	—
Q2 2017	50,300	$1,447,131	—	—
Q1 2017	52,200	$1,479,348	—	—
Q4 2016	54,375	$1,446,375	—	—
Q2 2016	53,700	$1,409,088	—	—