| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 6,800 | 3,400 | 0 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| PERSHING - 517705 COMMON STOCK | 2,416,570 | 3,287,581 |
| PERSHING - 517705 COMMON STOCK | 448,307 | 1,344,315 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| MARGIN OF SAFETY II | AT COST | 1,440,210 | 1,384,428 |
| PERSHING - 517705 WARRANTS | AT COST | 37,527 | 57,133 |
| DIVIDENDS ACCRUED | AT COST | 0 | 6,853 |
| DIVIDENDS ACCRUED | AT COST | 0 | 3,660 |
| Description | Amount |
|---|---|
| BUILT-IN GAIN ON STOCK CONTRIBUTED TO THE FOUNDATION | 1,037,884 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| MARGIN OF SAFETY II - OTHER PORTFOLIO EXPENSES | 40,031 | 40,031 | 0 | |
| MARGIN OF SAFETY II - NONDEDUCTIBLE EXPENSES | 14 | 0 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| OTHER INCOME FROM MARGIN OF SAFETY II | 1,868 | 1,252 | 1,868 |
| OTHER INCOME | 486 | 486 |
| Description | Amount |
|---|---|
| DEEMED GAIN ON STOCK DISTRIBUTED FROM THE FOUNDATION | 145,134 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAX | 6,459 | 6,459 | 0 | |
| FOREIGN TAX - MOS | 429 | 429 | 0 | |
| EXCISE TAX | 16,274 | 0 | 0 |