| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| TAX PREPARATION FEES | 2,700 | 2,700 |
| 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 |
|---|
| Category/ Item | Cost/Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| FIFTH-THIRD REAL ESTATE INVEST | AT COST | 3,392,212 | 3,596,189 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES | 16,696 | 8,348 | 8,348 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| K-1: ACCESS MIDSTREAM PARTNERS | 129,339 | 185,017 | |
| K-1: BUCKEYE PARTNERS LP | 213,252 | 242,996 | |
| K-1: CROSSTEX ENERGY LP | 18,400 | 18,906 | |
| K-1: DCP MIDSTREAM PARTNERS LP | 130,142 | 138,966 | |
| K-1: EQT MIDSTREAM PARTNERS LP | 49,442 | 73,782 | |
| K-1: EL PASO PIPELINE PARTNERS | 43,204 | 36,720 | |
| K-1: ENERGY TRANSFER PARTNERS | 43,660 | 50,666 | |
| K-1: ENERGY TRANSFER EQUITY LP | 202,920 | 290,994 | |
| K-1: ENTERPRISE PRODS PARTNERS | 314,715 | 348,075 | |
| K-1: GENESIS ENERGY LP | 88,109 | 95,467 | |
| K-1: KINDER MORGAN ENERGY PART | 136,951 | 124,620 | |
| K-1: MAGELLAN MIDSTREAM PARTNE | 297,269 | 367,725 | |
| K-1: MARKWEST ENERGY PARTNERS | 137,673 | 152,430 | |
| K-1: OILTANKING PARTNERS LP | 42,013 | 53,070 | |
| K-1: PLAINS ALL AMERICAN PIPEL | 352,345 | 330,810 | |
| K-1: REGENCY ENERGY PARTNERS | 98,331 | 102,020 | |
| K-1: SPECTRA ENERGY PARTNERS | 100,222 | 121,538 | |
| K-1: SUNOCO LOGISTICS PARTNERS | 180,302 | 217,760 | |
| K-1: TARGA RESOURCES PARTNERS | 82,690 | 95,186 | |
| K-1: WESTERN GAS PARTNERS LP | 126,332 | 136,643 | |
| PORTFOLIO ADVISORS SECONDARY F | 1,848,729 | 2,880,207 | |
| K-1: PHILLIPS 66 PARTNERS LP | 13,753 | 18,662 | |
| K-1: PLAINS GP HOLDINGS LP | 23,804 | 28,965 | |
| K-1: PERENNIAL REAL ESTATE FUN | 832,238 | 1,023,180 | |
| K-1: PPEO III FTE, LTD | 1,889,316 | 1,986,589 | |
| K-1: MERRIWELL FUND LP | 155,257 | 125,828 | |
| K-1: PINE GROVE INSTITUTIONAL | 89,213 | 89,213 | |
| K-1: U.S. REAL ESTATE INVEST. | 2,693,164 | 3,731,830 | |
| K-1: PALMER SQUARE OPPORTUNIST | 2,022,000 | 2,082,461 | |
| K-1: HOPEN LIFE SCIENCE FUND | 540,000 | 630,000 | |
| K-1: BDT CAPITAL PARTNERS FUND | 2,400,000 | 4,033,758 | |
| K-1: LOST BOYS HOME DOCUMENTAR | 230,000 | 230,000 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| OTHER NONALLOCABLE EXPENSE-PRI | 951 | 951 | ||
| BANK SERVICE FEES | 270,043 | 135,022 | 135,021 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| NONDIVIDEND DISTRIBUTIONS | 17,370 | 17,370 | |
| OTHER INCOME | 218 | 218 | |
| K-1: HOPEN LIFE SCIENCE FUND II, L.P. | 0 | 2,153 | |
| K-1: LOST BOY HOME DOCUMENTARY LLC | 0 | 0 | |
| K-1: PALMER SQUARE OPPORTUNISTIC INVEST. | 0 | 54,966 | |
| K-1: PERENNIAL REAL ESTATE FUND, LP | 0 | 18,373 | |
| K-1: BDT CAPITAL PARTNERS FUND I-A, L.P. | 0 | -59,632 | |
| K-1: ACCESS MIDSTREAM PARTNERS LP | 0 | -35 | |
| K-1: BUCKEYE PARTNERS LP | 0 | -53 | |
| K-1: DCP MIDSTREAM PARTNERS LP | 0 | -85 | |
| K-1: EL PASO PIPELINE PARTNERS LP | 0 | 179 | |
| K-1: ENTERPRISE PRODUCTS PARTNERS LP | 0 | -214 | |
| K-1: EQT MIDSTREAM PARTNERS, LP | 0 | -51 | |
| K-1: ENERGY TRANSFER EQUITY, L.P. | 0 | 597 | |
| K-1: ENERGY TRANSFER PARTNERS LP | 0 | 375 | |
| K-1: GENESIS ENERGY L.P. | 0 | 103 | |
| K-1: HOLLY ENERGY PARTNERS LP | 0 | -32 | |
| K-1: KINDER MORGAN ENERGY PARTNERS LP | 0 | 4 | |
| K-1: MAGELLAN MIDSTREAM PARTNERS LP | 0 | 6 | |
| K-1: MPLX LP | 0 | -20 | |
| K-1: MARKWEST ENERGY PARTNERS LP | 0 | 1,002 | |
| K-1: TARGA RESOURCES PARTNERS LP | 0 | -189 | |
| K-1: OIL TANKING PARTNERS LP | 0 | -50 | |
| K-1: ONEOK PARTNERS, L.P. | 0 | -22 | |
| K-1: PLAINS ALL AMERICAN PIPELINE LP | 0 | -622 | |
| K-1: PAA NATURAL GAS STORAGE LP | 0 | -1 | |
| K-1: PHILLIPS 66 PARTNERS LP | 0 | 0 | |
| K-1: REGENCY ENERGY PARTNERS LP | 0 | -65 | |
| K-1: SPECTRA ENERGY PARTNERS LP | 0 | -179 | |
| K-1: TESORO LOGISTICS LP | 0 | 61 | |
| K-1: VALERO ENERGY PARTNERS LP | 0 | 0 | |
| K-1: WESTERN GAS EQUITY PARTNERS, LP | 0 | 34 | |
| K-1: WILLIAMS PARTNERS LP | 0 | 0 | |
| K-1: CROSSTEX ENERGY LP | 0 | 22 | |
| K-1: PINE GROVE INSTITUTIONAL PARTNERS | 0 | -13,074 | |
| K-1: MERRIWELL FUND LIMITED PARTNERSHIP | 0 | -1,511 | |
| K-1: U.S. REAL ESTATE INVESTMENT FUND | 0 | 36,677 | |
| K-1: AMERIGAS PARTNERS LP | 0 | -11 | |
| K-1: SUNOCO LOGISTICS LP | 0 | 114 |
| Description | Amount |
|---|---|
| ADJUSTMENTS OF CARRYING VALUE | 643,769 |
| PRIOR PERIOD ADJUSTMENT | 225,677 |
| BOOK TO TAX DIFFERENCES | 666,357 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT MANAGEMENT FEES | 270,626 | 270,626 | ||
| OTHER MISC INVESTMENT EXPENSES | 34,420 | 34,420 | ||
| ADMIN/OFFICE EXPENSES | 69,528 | 69,528 | ||
| OTHER ALLOC EXPENSE-PRINCIPAL | 51,977 | 51,977 | ||
| TRUSTEE & EXECUTOR FEES-INC | 57,644 | 57,644 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAXES PAID | 449 | 449 | ||
| FOREIGN TAX - QUAL DIVIDENDS | 36,675 | 36,675 | ||
| FOREIGN TAXES - NONQUALIFIED | 1,649 | 1,649 | ||
| REAL ESTATE TAXES | 54,079 | 54,079 | ||
| TAXES PAID FOR PY TAX RETURN | 10,000 | 0 |