KED - Energy Development Company

Date NAV Share Price
11/30/11 $23.01 $20.21
08/31/11 $22.01 $20.52
05/31/11 $22.85 $19.34
02/28/11 $21.88 $18.44
11/30/10 $20.56 $18.21
08/31/10 $19.14 $14.59
05/31/10 $16.89 $14.46
02/28/10 $17.03 $15.07
11/30/09 $16.58 $13.53
08/31/09 $16.02 $11.64
05/31/09 $15.70 $12.33
04/23/09 $15.28* $10.89
02/28/09 $15.23 $9.09
01/22/09 $15.22* $11.26
11/30/08 $16.10 $9.63
10/23/08 $17.73* $12.96
08/31/08 $22.19 $22.85
07/24/08 $22.33* $22.53
05/31/08 $23.51 $23.87
04/24/08 $22.78* $22.75
02/29/08 $23.41 $23.76
01/10/08 $24.13* $23.04
11/30/07 $23.95 $23.14
10/19/07 $24.13* $24.86
08/31/07 $24.65 $25.10
07/19/07 $25.56* $27.73
05/31/07 $25.52 $26.41
04/03/07 $25.41* $25.00
02/28/07 $25.01 $24.95
11/30/06 $24.03 $22.32
Starting NAV $23.32 $25.00

* These NAVs were calculated for the DRIP program.

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