SPROTT PHYSICAL GOLD & SILVE

Ticker: CEF CUSIP: 85208R101 Class: Common Stock

K2 PRINCIPAL FUND, L.P.'s Holding History (CIK: 0001461790)

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

Q2 2018

Shares 399,456 Value ($000) $5,013 Avg Close — Range —

Q1 2018

Shares 339,156 Value ($000) $4,477 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2018	399,456	$5,013	—	—
Q1 2018	339,156	$4,477	—	—