SHENANDOAH TELECOMMUNICATION

Ticker: SHEN CUSIP: 82312B106 Class: Common Stock

LS Investment Advisors, LLC's Holding History (CIK: 0001455845)

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

Q2 2020

Shares 1,400 Value ($000) $69 Avg Close $50.71 Range $44.04 - $59.93

Q1 2020

Shares 1,305 Value ($000) $64 Avg Close $44.42 Range $38.35 - $51.00

Q4 2019

Shares 1,305 Value ($000) $54 Avg Close $35.41 Range $29.61 - $41.73

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2020	1,400	$69	$50.71	$44.04 - $59.93
Q1 2020	1,305	$64	$44.42	$38.35 - $51.00
Q4 2019	1,305	$54	$35.41	$29.61 - $41.73