Safe Bulkers 8.00% Cumulative

CUSIP: y7388l129 Class: PFD

KCM INVESTMENT ADVISORS LLC's Holding History (CIK: 0001109228)

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

Q1 2015
Shares 15,350 Value ($000) $320 Avg Close — Range —
Q4 2014
Shares 30,400 Value ($000) $526 Avg Close — Range —
Q3 2014
Shares 31,190 Value ($000) $758 Avg Close — Range —
Q2 2014
Shares 30,040 Value ($000) $758 Avg Close — Range —