VERIZON COMMUNICATIONS

CUSIP: 92343V302 Class: PREFERRED STOCK

Janney Montgomery Scott LLC's Holding History (CIK: 0001329948)

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

Q1 2015
Shares 25,138 Value ($000) $680 Avg Close — Range —
Q4 2014
Shares 19,657 Value ($000) $514,620 Avg Close — Range —
Q3 2014
Shares 9,333 Value ($000) $243,405 Avg Close — Range —