SAFEHOLD INC

CUSIP: 78645L100 Class: Common Stock

STATE OF MICHIGAN RETIREMENT SYSTEM's Holding History (CIK: 0000762152)

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

Q4 2019
Shares 599,669 Value ($000) $24,167 Avg Close — Range —
Q3 2019
Shares 880,000 Value ($000) $26,840 Avg Close — Range —
Q2 2019
Shares 880,000 Value ($000) $26,576 Avg Close — Range —
Q1 2019
Shares 880,000 Value ($000) $19,193 Avg Close — Range —