ROYAL GOLD INC

Ticker: RGLD CUSIP: 780287108 Class: COM

SHEPHERD KAPLAN KROCHUK, LLC's Holding History (CIK: 0001218583)

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

Q1 2014
Shares 1,000 Value ($000) $63 Avg Close $61.49 Range $47.02 - $72.90
Q2 2013
Shares 5,149 Value ($000) $217 Avg Close $54.12 Range $38.63 - $71.33