SAFE BULKERS INC

Ticker: SB CUSIP: Y7388L103 Class: Common Stock

KAYNE ANDERSON CAPITAL ADVISORS LP's Holding History (CIK: 0000949615)

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

Q3 2014

Shares 234,500 Value ($000) $1,562 Avg Close $8.06 Range $6.65 - $9.92

Q2 2014

Shares 234,500 Value ($000) $2,289 Avg Close $8.70 Range $7.76 - $10.18

Q1 2014

Shares 204,500 Value ($000) $1,947 Avg Close $9.93 Range $8.65 - $11.48

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2014	234,500	$1,562	$8.06	$6.65 - $9.92
Q2 2014	234,500	$2,289	$8.70	$7.76 - $10.18
Q1 2014	204,500	$1,947	$9.93	$8.65 - $11.48