| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING | 3,475 | 3,475 | 0 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| 30,000 SHARES, NAVIOS MARITIME HOLDINGS INC. | 341,746 | 334,800 |
| 4,000 SHARES NAVIOS MARITIME ACQ CORP | 13,896 | 17,600 |
| 2,000 SHARES ANNALY CAPITAL MANAGEMENT | 32,927 | 19,940 |
| 4,000 SHARES MORGAN STANLEY | 0 | 0 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| DUE FROM BROKER | 900 | 600 | 600 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EXCISE TAX FOR 2011 | 2,716 | 0 | 0 |