| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| TAX PREPARATION | 3,460 | 0 | 3,460 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| AMERICAN INTL GROUP-1000 SH-05/29/07 | 25,000 | 21,570 |
| AEGON NV PFD STOCK-1900 SH-09/14/07 | 47,500 | 45,448 |
| GENERAL ELECTRIC CAP COR-1600 SH-01/30/07 | 40,000 | 40,975 |
| ING GROEP NV PERP DEBT-500 SH-06/06/06 | 11,956 | 10,250 |
| WELLS FARGO CAPITAL XI-1000 SH-05/16/07 | 25,000 | 25,110 |
| SLM CORP SER A-300 SH-05/18/07 | 15,012 | 12,840 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| ALTRIA GROUP - 500 SH-03/02/09 | 7,815 | 12,310 |
| ALTRIA GROUP - 500 SH-06/09/09 | 8,890 | 12,310 |
| ARES CAPITAL CORP-1000 SH-01/03/05 | 18,990 | 16,480 |
| AES TIETE SA SPON ADR-1200 SH-01/31/07 | 9,562 | 15,600 |
| BRASIL TELECOM SA ADR-300 SH-04/30/07 | 5,607 | 6,579 |
| BRASIL TELECOM SA ADR-300 SH-11/25/09 | 9,488 | 6,645 |
| BRASIL TELECOM SA SHS-303 SH-11/25/09 | 2,877 | 1,546 |
| CENTURYTEL INC-200 SH-11/24/09 | 7,286 | 9,234 |
| FAIRPOINT COMMUNICATIONS-18 SH-12/14/05 | 0 | 0 |
| FRONTIER COMMUNICATIONS-500 SH-12/13/05 | 0 | 0 |
| FRONTIER COMMUNICATIONS-500 SH-01/05/06 | 0 | 0 |
| FRONTIER COMMUNICATIONS-2 SH-12/14/05 | 15 | 19 |
| IOWA TELECOM SERVICES-500 SH-12/13/05 | 0 | 0 |
| IOWA TELECOM SERVICES-100 SH-01/05/06 | 0 | 0 |
| IOWA TELECOM SERVICES-400 SH-01/05/06 | 0 | 0 |
| LLOYDS BANKING GROUP SPD ADR-205 SH-03/12/07 | 8,155 | 843 |
| LLOYDS BANKING GROUP SPD ADR-205 SH-03/12/07 | 8,157 | 843 |
| LLOYDS BANKING GROUP SPD ADR-102 SH-03/12/07 | 4,081 | 419 |
| PETRLEO BRAS VTG SPD ADR-600 SH-11/29/02 | 3,967 | 45,408 |
| SEASPAN CORP-800 SH-10/03/05 | 15,492 | 9,936 |
| SEASPAN CORP-200 SH-10/03/05 | 3,899 | 2,484 |
| SEASPAN CORP-500 SH-01/09/06 | 10,268 | 6,210 |
| SEASPAN CORP-400 SH-08/23/06 | 8,886 | 4,968 |
| TELECOMUNICACS DE SP ADR-300 SH-04/30/07 | 8,210 | 7,341 |
| TELECOMUNICACS DE SP ADR-200 SH-02/28/08 | 5,840 | 4,894 |
| TELECOMUNICACS DE SP ADR-200 SH-03/19/08 | 5,382 | 4,894 |
| TELENORTE LES PART SPADR-200 SH-04/30/07 | 3,374 | 2,940 |
| TELECOM ITALIA SPA ADR-500 SH-02/01/07 | 12,715 | 5,470 |
| TELECOM ITALIA SPA ADR-500 SH-03/01/07 | 12,564 | 5,470 |
| TELECOM ITALIA SPA ADR-100 SH-03/05/07 | 2,467 | 1,094 |
| TELECOM ITALIA SPA ADR-400 SH-03/05/07 | 9,872 | 4,376 |
| TELECOM ITALIA SPA ADR-500 SH-12/14/07 | 12,385 | 5,470 |
| VENTAS INC-500 SH-01/27/03 | 5,805 | 26,240 |
| VERIZON COMMUNICATIONS-1000 SH-12/14/05 | 27,806 | 35,780 |
| VODAFONE GROP PLC SP ADR-1000 SH-06/01/10 | 10,374 | 13,220 |
| BUCKEYE PARTNERS LP-500 SH-01/03/05 | 10,384 | 33,415 |
| BUCKEYE PARTNERS LP-1000 SH-12/14/05 | 20,769 | 66,830 |
| BUCKEYE PARTNERS LP-500 SH-03/01/07 | 10,384 | 33,415 |
| ENBRIDGE ENERGY LP-300 SH-02/02/09 | 7,445 | 18,714 |
| ENBRIDGE ENERGY LP-300 SH-06/17/09 | 7,445 | 18,714 |
| ENTERPRISE PRDTS PRTN LP-1000 SH-01/26/07 | 12,762 | 41,610 |
| TC PIPELINE-2000 SH-03/12/07 | 35,608 | 104,000 |
| MAGELLAN MIDSTREAM PARTNERS-2000 SH-01/31/03 | 28,124 | 113,000 |
| ENERGY TRANSFER PTNRS LP-100 SH-01/26/10 | 3,947 | 5,182 |
| ENERGY TRANSFER PTNRS LP-100 SH-01/26/10 | 3,947 | 5,182 |
| DCP MIDSTREAM-1000 SH-01/30/09 | 5,619 | 37,400 |
| DCP MIDSTREAM-500 SH-03/03/09 | 2,809 | 18,700 |
| WINDSTREAM CORP-402 SH-12/13/05 | 4,692 | 5,604 |
| WINDSTREAM CORP-300 SH-01/05/06 | 3,768 | 4,182 |
| WINDSTREAM CORP-200 SH-01/05/06 | 2,514 | 2,788 |
| WINDSTREAM CORP-80 SH-01/05/06 | 864 | 1,115 |
| WINDSTREAM CORP-322 SH-01/05/06 | 3,464 | 4,489 |
| WINDSTREAM CORP-500 SH-08/23/06 | 6,495 | 6,970 |
| ONEOK PARTNERS LP-500 SH-01/03/05 | 1,486 | 39,750 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| NUVEEN MULTI STRATEGY-2000 SH-01/30/06 | AT COST | 25,402 | 16,700 |
| BLACKROCK GL OPPS EQ-1193 SH-04/12/07 | AT COST | 34,748 | 21,892 |
| BLACKROCK S&P QUALITY-1000 SH-03/01/07 | AT COST | 17,284 | 13,255 |
| NUVEEN QUAL PREF INC-1000 SH-07/18/07 | AT COST | 12,472 | 7,400 |
| NUVEEN QUAL PREF INC2-2000SH-07/06/07 | AT COST | 25,563 | 15,800 |
| J HANCOCK PREF INCOME 3-17.0311 SH-03/06/07 | AT COST | 373 | 296 |
| NUVEEN MULIT-STRATEGY PFD-3000 SH-01/30/06 | AT COST | 39,231 | 26,400 |
| BLACKROCK PFD INC STRAT-1000 SH-01/09/08 | AT COST | 17,294 | 9,830 |
| ALPINE GLOBAL PREMIER PPTY FD-1 SH-08/06/08 | AT COST | 0 | 7 |
| ALPINE GLOBAL PREMIER PPTY FD-10.0761 SH-08/18/08 | AT COST | 85 | 72 |
| MLP & STRATEGIC EQUITY FUND-500 SH-12/28/07 | AT COST | 7,537 | 8,810 |
| BANK OF AMERICA NA DJAIG-2200 SH-03/26/09 | AT COST | 23,445 | 27,104 |
| WESTERN ASSET INVT DEFINED OPP-1000 SH-01/21/10 | AT COST | 20,773 | 20,040 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EMA ANNUAL FEE | 150 | 150 | 0 | |
| CHECK ORDER | 8 | 0 | 8 | |
| CERTIFICATE FEES | 52 | 52 | 0 | |
| WI DEPT OF FIN INSTITUTION | 50 | 0 | 50 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| BUCKEYE PARTNERS, L.P. | -682 | -682 | |
| DCP MIDSTREAM | -1,171 | -1,171 | |
| ENBRIDGE ENERGY | -1,425 | -1,425 | |
| ENERGY TRANSFER LP | -638 | -638 | |
| ENTERPRISE PRODUCTS PARTNERS | -921 | -921 | |
| MAGELLAN MIDSTREAM L.P. | 4,106 | 4,106 | |
| ONEOK PARTNERS | -1,156 | -1,156 | |
| TC PIPLINES, LP | -1,366 | -1,366 | |
| IRS REFUND | 1,661 | 1,661 |
| Description | Amount |
|---|---|
| RETURN OF CAPITAL | 3,588 |
| MISC ADJUSTMENT | 22 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN DIVIDEND TAX | 445 | 445 | 0 |