| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 7,500 | 0 | 0 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| ALTRIA GROUP INC | 5,219 | 5,821 |
| DENBURY RESOURCES INC DEL SR SUB NT | 4,988 | 5,050 |
| FREEPORT-MCMORAN COPPER INC | 5,331 | 5,243 |
| FUND AMERICAN COS INC | 3,806 | 5,206 |
| GSC HLDGS CORP / GAMESTOP INC | 4,115 | 4,085 |
| KANSAS CITY SOUTN RY CO | 5,025 | 5,400 |
| KINDER MORGAN ENERGY PARNTERS | 5,313 | 6,361 |
| MUELLER INDS | 4,963 | 4,956 |
| PHILIP MORRIS INTL INC | 5,066 | 5,787 |
| PLAINS ALL AMERICAN PIPELINE | 5,313 | 5,561 |
| SLM CORP. | 4,738 | 5,041 |
| TELE COMMUNICATIONS INC | 5,190 | 5,423 |
| TIME WARNER CABLE INC | 4,958 | 5,546 |
| ADVANCES MICRO DEVICES NT 5.75 08/15/12 | 5,038 | 5,181 |
| KKR FINL HOLDINGS NT 7.00 7/15/12 | 5,025 | 5,188 |
| SUNPOWER DEBENTURE 1.25 2/15/27 | 4,625 | 4,838 |
| CROWN CASTLE INTL CORP NT 9.00 1/15/15 | 5,382 | 5,588 |
| EQUINIX INC NTS 8.125 3/1/18 | 5,250 | 5,400 |
| REGENCY ENERGY PTRS NT 6.875 12/1/18 | 5,288 | 5,138 |
| TEEKAY CORP NT 8.5 1/15/20 | 5,338 | 5,384 |
| WINDSTREAM CORP NT 8.125 8/1/20 | 5,241 | 5,500 |
| WESTERN UNION CO NT | 0 | 0 |
| MEDTRONIC INC SR NT CONV | 0 | 0 |
| BRASCAN CORP NT | 0 | 0 |
| RANGE RESOURCES CORP NT | 0 | 0 |
| TEREX CORP NT | 0 | 0 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| ENBRIDGE ENERGY | 3,600 | 11,374 |
| NEXTERA ENERGY INC | 5,743 | 5,346 |
| ITC HOLDINGS CORP | 7,090 | 9,855 |
| SUNCOR ENERGY | 1,452 | 8,302 |
| TEEKAY OFFSHORE PARTNERS LP | 3,882 | 11,284 |
| VORNARDO REALTY TRUST | 2,470 | 4,493 |
| PALL CORP | 2,816 | 4,156 |
| STARWOOD PROPERTY TRUST | 4,090 | 4,502 |
| TEEKAY CORPORATION MARSHALL ISL | 3,238 | 3,386 |
| SEASPAN | 0 | 0 |
| SEASPAN | 0 | 0 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| ACCRUED INTEREST & DIVIDENDS | 1,852 | 2,285 | 2,285 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT FEES | 1,435 | 1,435 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAXES | 12 | 12 | 0 | |
| 990 PF TAX | 683 | 0 | 0 |