| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PRICEWATERHOUSECOOPERS, LLP | 5,975 | 2,987 | 2,988 |
| 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 |
|---|---|---|
| CSX CORP. 7.375% | 99,498 | 120,624 |
| MARATION OIL CORPORATION | 44,945 | 56,788 |
| MONY GROUP, INC. | 0 | 0 |
| NAT'L CITY BANK OF CLEVELAND | 46,454 | 52,808 |
| SPRINT CAPITAL CORP. | 103,440 | 100,250 |
| MIDAMERICAN ENERGY HOLDINGS | 16,342 | 16,184 |
| WACHOVIA CORPORATION | 16,075 | 15,796 |
| KROGER COMPANY | 16,806 | 16,202 |
| ALABAMA POWER COMPANY | 17,048 | 16,654 |
| DUKE ENERGY | 17,211 | 16,708 |
| TENNESSEE VALLEY AUTHORITY | 28,250 | 26,092 |
| FAU FINANCIAL CORP FL | 21,759 | 21,235 |
| KENTUCKY ASSET LIABILITY | 20,544 | 19,866 |
| OHIO STATE BUILDING FUND | 20,000 | 19,337 |
| U.S. BANK, N.A. | 16,970 | 16,734 |
| ACCRUED INT. - JOHNSON T.C. | 0 | 11,905 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| 7,000 SHS METLIFE, INC. | 52,682 | 155,540 |
| 510 SHS CAPITALSOURCE, INC. | 3,662 | 3,621 |
| 240 SHS YUM BRANDS, INC. | 9,329 | 11,772 |
| 28,907 SHS CRED. SUISSE GRP | 1,477,350 | 1,160,616 |
| VANGUARD BOND FUND | 150,000 | 142,529 |
| 50,000 SHS CRED. SUISSE GRP | 2,555,350 | 1,883,500 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| MERRITT CAPITAL | AT COST | 750,000 | 885,479 |
| WEAVER ARBITRAGE PARTNERS, LP | AT COST | 905,966 | 1,021,993 |
| FTVENTURES III, LP | AT COST | 185,092 | 290,983 |
| LEHMAN BROTHERS OPP'Y FUND LP | AT COST | 350,273 | 171 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| AIP CARRYFORWARD TO NEXT YEAR | 2,986 | 1,809 | 1,809 |
| DIVIDENDS TO BE PAID IN 2011 | 0 | 244 | 244 |
| Description | Amount |
|---|---|
| ADJUSTMENT FOR CY STOCK CONTRIBUTION | 148,474 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| WEAVER ARBITRAGE PARTNERS LP | 8,765 | 8,765 | ||
| FTVENTURES III LP | 8,690 | 8,690 | ||
| CREDIT SUISSE (WIRE FEE) | 13 | 13 | ||
| DEUTSCHE BANK (WIRE FEE) | 95 | 95 | ||
| US BANK, N.A. (JOHNSON T.C.) | 196 | 196 | ||
| FIRST REPUBLIC BANK FEES | 20 | 20 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| FX EURO GAIN - CREDIT SUISSE | 2,900 | 2,900 |
| Description | Amount |
|---|---|
| CHECK PAID IN 2010 OUTSTANDING AT Y/E | 500 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| REAL ESTATE ESCROW ACCOUNT | 2,059 | 7,846 |
| OPEN SHORT SALES | 0 | 59,233 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| WEAVER ARBITRAGE PARTNERS LP | 8 | 8 | 0 | |
| NYS DEPARTMENT OF LAW | 250 | 0 | 250 | |
| CREDIT SUISSE - FOREIGN TAXES | 49,681 | 49,681 | 0 |