PANGAEA LOGISTICS SOLUTION L

Ticker: PANL CUSIP: G6891L105 Class: Foreign Stock

Police & Firemen's Retirement System of New Jersey's Holding History (CIK: 0002040686)

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

Q4 2025

Shares 9,920 Value ($000) $68 Avg Close $6.02 Range $4.51 - $7.42

Q3 2025

Shares 9,920 Value ($000) $50 Avg Close $5.10 Range $4.39 - $5.71

Q2 2025

Shares 9,920 Value ($000) $47 Avg Close $4.34 Range $3.82 - $4.99

Q1 2025

Shares 9,920 Value ($000) $47 Avg Close $5.06 Range $4.54 - $5.61

Q4 2024

Shares 9,920 Value ($000) $53 Avg Close $5.68 Range $4.60 - $6.80

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	9,920	$68	$6.02	$4.51 - $7.42
Q3 2025	9,920	$50	$5.10	$4.39 - $5.71
Q2 2025	9,920	$47	$4.34	$3.82 - $4.99
Q1 2025	9,920	$47	$5.06	$4.54 - $5.61
Q4 2024	9,920	$53	$5.68	$4.60 - $6.80