| Description of Property | Date Acquired | Cost or Other Basis | Prior Years' Depreciation | Computation Method | Rate / Life (# of years) |
Current Year's Depreciation Expense | Net Investment Income | Adjusted Net Income | Cost of Goods Sold Not Included |
|---|
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| PROGRESSIVE CRP | 24,768 | 26,386 |
| ROGERS WIRELESS | 0 | 0 |
| WASTE MANAGEMENT INC | 0 | 0 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| 800 SHS BRUKER BIOSCIENCES | 3,249 | 13,280 |
| 150 SHS BORG WARNER INC | 4,790 | 10,854 |
| 540 SHS CALPINE CORP | 9,428 | 7,204 |
| 300 SHS CISCO SYSTEMS | 7,209 | 6,069 |
| 220 SHS CAMERON CORP | 0 | 0 |
| 310 SHS CVS CORP | 7,038 | 10,779 |
| 390 SHS DOW CHEMICAL COMPANY | 9,028 | 13,315 |
| 65 SHS EXXON MOBIL CORP | 2,730 | 4,753 |
| 75 SHS GOLDMAN SACHS GROUP | 8,253 | 12,612 |
| 325 SHS GREENLIGHT CAPITAL | 6,560 | 8,713 |
| 120 SHS ITRON INC | 6,976 | 6,654 |
| 120 SHS JOHNSON & JOHNSON | 6,491 | 7,422 |
| 250 SHS LIFE TECHNOLOGIES CORP | 6,159 | 13,875 |
| 300 SHS MARATHON OIL CORP | 0 | 0 |
| 585 SHS NOKIA CORP SPON ADR | 0 | 0 |
| 310 SHS MICROSOFT | 7,872 | 8,652 |
| 200 SHS ISIS PHARMACEUTICALS | 0 | 0 |
| 200 SHS NOVARTIS A G SPON ADR | 7,337 | 11,790 |
| 400 SHS SYMANTEC CORP | 9,046 | 6,696 |
| 120 SHS PROCTER & GAMBLE CO | 5,399 | 7,720 |
| 195 SHS ROGERS COMMUNICATION | 0 | 0 |
| 150 SHS SCHLUMBERGER, LTD | 6,987 | 12,525 |
| 270 SHS TRACTOR SUPPLY COMPANY | 4,983 | 13,092 |
| 175 SHS WATERS CORP | 8,915 | 13,599 |
| 90 SHS 3M COMPANY | 0 | 0 |
| 340.787 SHS MAIRS & POWER FUND | 0 | 0 |
| 500 SHS APPLIED MATERIALS INC | 6,006 | 7,025 |
| 20 SHS GOOGLE INC | 9,448 | 11,879 |
| 400 SHS HALLIBURTON CO | 10,052 | 16,332 |
| 2727 SHS SCHULMAN INC | 0 | 0 |
| 420 SHS KEY ENERGY SERVICES | 0 | 0 |
| 350 SHS METABOLIX INC | 3,972 | 4,260 |
| 300 SHS QUALCOMM INC | 10,765 | 14,847 |
| 20,588 SHS WHAMCARD | 62,500 | 62,500 |
| 200 SHS ALTERA CORP | 3,464 | 7,116 |
| 210 SHS AMERN TOWER CORP | 6,218 | 10,844 |
| 400 SHS B E AEROSPACE | 7,208 | 14,812 |
| 125 SHS BOSTON BEER CO. | 0 | 0 |
| 200 SHS CELGENE CORP | 9,376 | 11,828 |
| 3000 SHS CYBERONICS | 51,441 | 93,060 |
| 130 SHS FMC TECHNOLOGIES | 6,574 | 10,386 |
| 210 SHS GENZYME CORP | 0 | 0 |
| 300 SHS HAIN CELESTIAL GROUP | 4,882 | 8,118 |
| 70 SHS MONSANTO | 5,025 | 4,875 |
| 200 SHS POWERSHARES QQQ TRUST | 6,953 | 10,892 |
| 230 SHS TEVA PHARMACEUTICALS | 12,332 | 11,990 |
| 120 SHS VARIAN MEDICAL SYSTEMS | 4,309 | 8,314 |
| 100 SHS DIREXON | 4,582 | 4,999 |
| 600 SHS DIREXON SHS EXCH FUND | 8,723 | 16,706 |
| 974 SHS MACERICH COMPANY | 17,460 | 46,138 |
| 750 SHS PFIZER | 11,735 | 13,133 |
| 100 SHS POWERSHARES QQQQ | 0 | 0 |
| 75 SHS BOSTON PROPERTIES | 4,416 | 6,458 |
| 100 SHS BRE PROPERTIES | 2,925 | 4,350 |
| 150 SHS CAMDEN PROPERTY TRUST | 4,957 | 8,097 |
| 200 SHS DOUGLASS EMMETT INC. | 1,780 | 3,320 |
| 100 SHS EASTGROUP PROPERTIES | 3,118 | 4,232 |
| 50 SHS FEDERAL REALTY INV. | 0 | 0 |
| 100 SHS HCP INC. | 2,093 | 3,679 |
| 100 SHS LIBERTY PPTY TR | 2,292 | 3,192 |
| 300 SHS PARKWAY PROPERTIES | 4,854 | 5,256 |
| 100 SHS SIMON PPTY GROUP | 5,581 | 9,949 |
| 200 SHS SOVRAN SELF STORAGE | 6,038 | 7,362 |
| 300 SHS STARWOOD PPTY TRUST | 5,906 | 6,444 |
| 100 SHS VORNADO REALTY TRUST | 4,365 | 8,333 |
| 400 SHS WEINGARTEN REALTY INV | 6,666 | 9,504 |
| 200 SHS BRE PROP PREFERRED C | 4,222 | 4,882 |
| 200 SHS CORPORATE OFFICE PROP | 3,942 | 5,082 |
| 200 SHS HCP INC PREF F | 3,902 | 4,916 |
| 100 SHS HOST HOTELS PREF E | 0 | 0 |
| 200 SHS PARKWAY PROP PREF D | 3,807 | 5,122 |
| 200 SHS SL GREEN RLTY PREF C | 3,028 | 5,000 |
| 200 SHS WEINGARTEN RLTY PREF F | 3,232 | 4,660 |
| 200 SHS CAMPUS CREST COMMUNITI | 2,540 | 2,804 |
| 200 SHS CORESITE REALTY CORP | 3,260 | 2,728 |
| 600 SHS HERSHA HOSPITALITY TRU | 2,971 | 3,960 |
| 150 SHS MACERICH | 6,098 | 7,106 |
| 125 PEBBLEBROOK HOTEL TRUST | 2,475 | 2,540 |
| 100 SHS PROLOGIS | 1,230 | 1,444 |
| 200 SHS UDR | 4,091 | 4,704 |
| 100 SHS GLIMCHER REALTY PREF | 2,180 | 2,446 |
| 100 SHS PUBLIC STORAGE PREF | 2,500 | 2,451 |
| 16 SHS APPLE | 3,807 | 5,161 |
| 120 SHS COSTCO | 6,910 | 8,665 |
| 120 SHS CUMMINS | 7,059 | 13,201 |
| 250 SHS DENDREON | 9,455 | 8,730 |
| 310 SHS GILEAD SCIENCES | 12,156 | 11,234 |
| 170 SHS SCOTTS MIRACLE GRO | 7,102 | 8,631 |
| 160 SHS SOC QUIMICA MINER | 5,555 | 9,347 |
| 230 SHS ULTRAPETROLEUM | 10,469 | 10,987 |
| 100 SHS VEECO INSTRUMENTS | 4,147 | 4,296 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| REINVESTED DIVIDEND INCOME | 10 | 10 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| SALIENT TRUST CO | 1,267 | 1,267 | ||
| BROKER/MANAGEMENT FEES #4015 | 3,615 | 3,615 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAX | 105 | 105 | ||
| EXCISE TAXES | 2,415 |