l Bank Tax Foundation The Bank of New York Mellon Corp. The Kraft Heinz Co. The Sherwin-Williams Co. Trader Joe's Co. University Bancorp Inc. Vornado Realty Trust Westinghouse Electric Co. LLC EFTA00018862 --- PAGE BREAK --- EXPERT ANALYSIS Investment Company Act Circuit Split Exposes Mutual Funds The Se

ounting Oversight Board Regents of the University of California Stamps.com Inc. Terreno Realty Corp. Toys "R" Us Inc. Twitter Inc. UDR, Inc. Vornado Realty Trust Wal-Mart Stores Inc. WeWork LLC GOVERNMENT AGENCIES Administrative Conference of the United States Commodity Futures Trading Commission Execu

seum of Art NASDAQ OMX Group Inc. National Basketball Association New York University Par Pharmaceutical Companies, Inc. RELX PLC Statoil ASA Vornado Realty Trust Wells Fargo & Co. Witkoff Group iFinex Inc. GOVERNMENT AGENCIES Consumer Financial Protection Bureau Equal Employment Opportunity Commission

Shire PLC Sotheby's The Abraaj Group The Valspar Corporation Trimble Inc. Twitter Inc. USG Corp. United Surgical Partners International Inc. Vornado Realty Trust Wells Fargo & Co. Welsh Carson Anderson & Stowe GOVERNMENT AGENCIES Arizona Supreme Court Federal Bureau of Investigation Federal Election Comm

more aggressive buyers of New York apartments and would double its holdings. Other probable bidders include Related Companies; Stellar Management; Vornado Realty Trust, which owns the Bloomberg Building on the Upper East Side; and Tishman Speyer, which controls Rockefeller Center. Buyers based in Saudi Arabia, Isr

2 5/156015 4.000 Thompson Creek Metals Co WA 525.00 650% (39:40001 184.524 $0 294Aey-12 25.00 21.13 1515.4761 1-16112 Perpetual 140@ Vornado Realty Trust Bob 525.00 570% (52540001 5247,250 50 24401.12 25.00 24_73 ($2750) 926,0 12 Perpetual WACO Welb Fatro 8 Company 111386 5X.00 520% (

y 13% 9% Average market cap' $11.60 billion Public Storage 4.5% wisaL a • Industrial MI Retail 9% 9% Standard deviation' 14.89 Ventas Vornado Realty Trust 4.4% 4.1% .4,,,e • Self storage Hotels 6% 5% Equinix 3.6% VEREIT 2.5% John W. Vojticek 20 years Brixmor Property Group 2.4% Joseph D. F

erved as a Director at Mercantile-Safe Deposit and Trust Company from April 30, 2003 until November 17, 2017. He served as an Independent Trustee of Vornado Realty Trust from 2004 to December 31, 2012. He served as an Independent Director of Mercantile Bankshares Corp. from April 30, 2003 to November 17, 2017. He re

erved as a Director at Mercantile-Safe Deposit and Trust Company from April 30, 2003 until November 17, 2017. He served as an Independent Trustee of Vornado Realty Trust from 2004 to December 31, 2012. He served as an Independent Director of Mercantile Bankshares Corp. from April 30, 2003 to November 17, 2017. He re

erved as a Director at Mercantile-Safe Deposit and Trust Company from April 30, 2003 until November 17, 2017. He served as an Independent Trustee of Vornado Realty Trust from 2004 to December 31, 2012. He served as an Independent Director of Mercantile Bankshares Corp. from April 30, 2003 to November 17, 2017. He re

-16810.54 0 8671.39 0 8671.39 0 0 0 8671.39 S HBFT Highbridge - Financial Trust Co. CREDIT-SUISSE FIRST BOSTON 2,926 STOCK 108074 VNO.N Vornado Realty Trust 650 52680.3 52680.3 5/23/2005 12282686 SHT 5/23/2005 1 (5,841) (5,841) - (5,841) 13587565 5/19/2006 CVS 1 USD US DOLLAR CSFB -58521.

-16810.54 0 8671.39 0 8671.39 0 0 0 8671.39 S HBFT Highbridge - Financial Trust Co. CREDIT-SUISSE FIRST BOSTON 2926.46 STOCK 108074 VNO.N Vornado Realty Trust 650 52680.3 52680.3 5/23/2005 12282686 SHT 5/23/2005 1 (5,841) -5840.89 0 -5840.89 13587565 5/19/2006 CVS 1 USD US DOLLAR EFTA015926

erved as a Director at Mercantile-Safe Deposit and Trust Company from April 30, 2003 until November 17, 2017. He served as an Independent Trustee of Vornado Realty Trust from 2004 to December 31, 2012. He served as an Independent Director of Mercantile Bankshares Corp. from April 30, 2003 to November 17, 2017. He re

e SECURITY VCI.N Valassie Comm. 940 1,500 12775635 510 12775635 700 12775635 150 12775635 602 12775635 850 12819993 5,252 SECURITY VNO.N - Vornado Realty Trust 650 12282686 9,250 12282686 1,333 12431369 1,000 12520714 300 12854339 800 13084099 900 13089103 1,500 13153841 700 13761135 16,433 12282