| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| APOLLO INVT 6.875% PFD | 52,895 | 52,895 |
| BARCLAYS BANK 8.125% PFD | 50,740 | 50,740 |
| BARCLAYS BANK 6.625% PFD | 96,560 | 96,560 |
| BB&T CORPORATION 5.2% PFD | 37,600 | 37,600 |
| BOSTON PPTYS 5.25% 18 | 85,590 | 85,590 |
| DEUTSCH BANK CAP 7.60% PFD | 103,840 | 103,840 |
| GOLDMAN SACHS 6.125% 60 | 97,440 | 97,440 |
| ING GROEP NV 6.125% PFDF | 48,615 | 48,615 |
| M S CAP TRUST VI 6.60% 46 | 122,750 | 122,750 |
| PREFERRED PLUS TR 5.75% 33 | 96,000 | 96,000 |
| PROSPECT CAP 6.95% 2022 | 102,680 | 102,680 |
| QWEST CORP 6.125% 53 | 113,700 | 113,700 |
| WELLS FARGO CO 5.25% PFD | 40,260 | 40,260 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| ISHARES SILVER TRUST | 74,840 | 74,840 |
| Description | Amount |
|---|---|
| CHANGE IN UNREALIZED GAINS/LOSSES | 189,395 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| MN AG FEE | 25 | 0 | 0 |