| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| TAX PREPARATION | 1,110 | 1,110 | 0 | 0 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| 1000 AT&T INC | 25,181 | 29,380 |
| 340 EXELON | 19,976 | 14,158 |
| 500 DIANA SHIPPING | 13,928 | 6,000 |
| 500 ABB LTD SPONSORED ADR | 13,614 | 11,225 |
| 150 BERKSHIRE HATHAWAY | 13,170 | 12,016 |
| 500 BHP BILLITON | 39,220 | 46,460 |
| 1000 COCA COLA | 60,394 | 65,770 |
| 500 WALMART | 27,214 | 26,965 |
| 500 WALGREENS | 18,958 | 19,480 |
| 500 COVANTA HOLDINGS | 14,188 | 8,595 |
| 1000 DUKE ENERGY CORP | 18,434 | 17,810 |
| 1000 GLACIER WATER | 23,874 | 24,450 |
| 1000 PENGROWTH ENERGY | 20,214 | 12,860 |
| 300 SUNTECH POWER | 13,728 | 2,403 |
| 500 (SOLD ALL)ANNALY CAPITAL MANAGEMENT | 0 | 0 |
| 300 HATTERAS FINANCIAL CORP | 8,834 | 9,081 |
| 500 HERCULES TECH GROWTH CAP | 5,098 | 5,180 |
| 500 PROSPECT CAP CORP | 5,254 | 5,400 |
| 500 (SOLD 200) LTC PPTYS INC PFD SERVICES F | 5,453 | 7,797 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| 500 POWERSHARES DIV ACHIEVER | AT COST | 5,554 | 7,700 |
| 500 POWERSHARES HIGH YIELD EQUITY | AT COST | 3,258 | 4,430 |
| 1000 AGIC CONV & INCOME FUND | AT COST | 9,934 | 10,240 |
| 500 UTLITIES SECTOR INDEX | AT COST | 11,225 | 15,670 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| OFFICE EXPENSES | 309 | 309 | 0 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT ADVISORY FEE | 3,486 | 3,486 | 0 | 0 |
| FOREIGN INVESTMENT FEES | 23 | 23 | 0 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FEDERAL TAXES PAID | 148 | 148 | 0 | 0 |
| FOREIGN TAXES PAID | 140 | 140 | 0 | 0 |