Hexavest Inc.

Holdings History for CALL DAX 12 14 - CALL DAamp;

Investment type: Equity / CALL DAamp;

Holdings date	Option	Weight	Change	Value $	Shares	Change	Activity %	Price	All Holders
9/30/2014	call		-21.6%	$0	0	-950	-100%		Q3 2014
6/30/2014	call	21.6%		$502K	950			$528.42	Q2 2014
3/31/2014	call	24.8%		$519K	950			$546.32	Q1 2014
12/31/2013	call	26.1%		$612K	950			$644.21	Q4 2013

* Reported Price is the price of the security as of the portfolio date. This value is significant in that it is the last known price at which the security was still held.
An asterisk sign (*) next to the price indicates that the price is likely invalid.