| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 6,050 | 6,050 | 0 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| GENERAL MOTORS CORP 7.2% 1/15 | 0 | 0 |
| GENERAL MOTORS ACCEPT CORP SMART NOT | 0 | 0 |
| GENERAL MOTORS CORP 8.8% 3/1 | 0 | 0 |
| CHESAPEAKE ENERGY CORP 6.5% 8/15/17 | 23,125 | 28,063 |
| DEL MONTE CORP 7.625% 2/15/19 | 20,025 | 20,750 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| ALTRIA GROUP - 400 SHARES | 9,931 | 15,356 |
| AT & T INC - 700 SHARES | 19,291 | 24,612 |
| B P PRUDHOE BAY ROYALTY TRUST - 200 | 0 | 0 |
| BRISTOL MYERS SQUIBB CO - 100 SHS | 2,183 | 5,315 |
| CATERPILLAR INC - 200 SHS | 8,005 | 18,162 |
| CELGENE CORP - 200 SHS | 7,401 | 16,897 |
| CENTURYLINK INC - 300 SHS | 0 | 0 |
| CHEVRON CORPORATION - 250 SHARES | 0 | 0 |
| CONOCOPHILLIPS - 300 SHARES | 0 | 0 |
| CONSOLIDATED EDISON INC - 200 SHS | 0 | 0 |
| COPANO ENERGY LLC - 200 SHARES | 0 | 0 |
| CORUS ENTMT INC CL B - 200 SHARES | 3,540 | 4,836 |
| DU PNT EI DE NEMOURS & CO - 300 SHS | 14,028 | 19,491 |
| DUKE ENERGY CORP - 266 SHARES | 0 | 0 |
| EMERSON ELECTRIC CO EMR - 100 | 3,500 | 7,018 |
| ENCANA CORP - 200 SHARES | 0 | 0 |
| HARRIS CORP DEL - 200 SHARES | 8,593 | 13,962 |
| HEALTH CARE REIT INC - 200 SHARES | 7,615 | 10,714 |
| ISHARES MSCI BRAZIL INDEX - 200 | 0 | 0 |
| ISHARES DOW JONES SELECT DIV INDEX F-600 SHS | 33,165 | 42,810 |
| ISHARES TR RUSSELL 2000 VALUE - 200 | 10,880 | 19,900 |
| MEDICAL PROPERTIES TRUST - 700 SHS | 0 | 0 |
| MERCK & CO INC - 300 SHARES | 10,492 | 15,015 |
| MICROSOFT CORP - 700 SHARES | 0 | 0 |
| NATIONAL HEALTH INVS INC - 200 SHS | 5,511 | 11,220 |
| NEXTRA ENERGY INC - 100 SHARES | 6,887 | 10,274 |
| NUCOR CORP - 200 SHARES | 8,323 | 10,676 |
| PHILIP MORRIS INTL - 200 SHS | 4,293 | 17,426 |
| PLAINS ALL AMERICAN PIPELINE - 200 | 8,802 | 15,531 |
| PROCTER & GAMBLE CO - 200 SHARES | 12,684 | 16,282 |
| REYNOLDS AMERICAN INC - 900 SHARES | 12,812 | 44,991 |
| SENIOR HOUSING PROPERTY TR - 300 SHS | 9,256 | 13,338 |
| STARWOOD PROPERTY TR INC - 500 SHARES | 10,574 | 13,850 |
| SUBURBAN PROPANE PARTNERS L.P. - 400 SHS | 0 | 0 |
| TAIWAN SEMICONDUCTOR MFG CO - 500 SH | 4,759 | 8,720 |
| TEEKAY OFFSHORE PARTNERS LP - 600 | 0 | 0 |
| WALMART STORE - 300 SHARES | 15,807 | 23,607 |
| BARCLAY BANK PLC 7.75% NON-CUM | 24,990 | 25,330 |
| DB CONT CAP TR 6.55% NON-CUM | 10,706 | 12,450 |
| GREAT ATL & PACIFIC 9.375% | 1,700 | 0 |
| HSBC HOLDINGS PLC 6.2% | 9,430 | 9,880 |
| JP MORGAN CHASE 8.625% NON-CUM | 0 | 0 |
| NEXEN INC 7.35% - 100 | 0 | 0 |
| VORNADO ROYALTY LP 7.875% | 17,108 | 18,193 |
| ZIONS BANCORP 9.5% | 0 | 0 |
| APPLE INC - 25 | 19,675 | 28,051 |
| GENERAL MOTORS CO - 79 SHS | 10,541 | 3,392 |
| GENERAL MOTORS CO WARRANTS - 73 SHS | 3,409 | 1,980 |
| GENERAL MOTORS CO WARRANTS - 73 SHS | 3,409 | 1,980 |
| INTERDIGITAL INC - 200 SHS | 10,238 | 5,898 |
| TEVA PHARMACEUTICAL - 200 SHS | 0 | 0 |
| DIGITAL REALTY 7% - 500 | 12,500 | 10,855 |
| KKR FINL HLDGS 8.375% PFD - 400 | 10,000 | 10,724 |
| QWEST CORP 7.5% PFD - 500 | 12,500 | 11,715 |
| BOARDWALK PIPELINE PARTNERS LP - 430 SHS | 0 | 0 |
| BUCKEYE PARTNERS LP - 490 SHS | 0 | 0 |
| DCP MIDSTREAM PARTNERS LP - 340 SHS | 0 | 0 |
| EL PASO PIPELINE PARTNERS LP - 870 SHS | 16,250 | 19,800 |
| ENTERPRISE PRODUCTS PARTNERS - 600 | 9,382 | 45,747 |
| KINDER MORGAN ENERGY PARTNERS - 250 | 0 | 0 |
| MAGELLAN MIDSTREAM PRTNS - 860 SHS | 6,038 | 15,185 |
| PAA NATURAL GAS STORAGE LP - 950 SHS | 0 | 0 |
| SPECTRA ENERGY PARTNERS LP - 560 SHS | 5,741 | 12,698 |
| SUNOCO LOGISTICS PARTNERSHIP - 300 SHS | 0 | 0 |
| TC PIPELINES TCP - 290 SHS | 8,130 | 13,076 |
| WESTERN GAS PARTNERS LP - 300 SHS | 0 | 0 |
| WILLIAMS PARTNERS LP - 240 SHS | 7,068 | 7,629 |
| ENBRIDGE ENERGY PARTNERS LP - 700 | 0 | 0 |
| ONEOK INC NEW OKE - 290 | 24,058 | 27,378 |
| ARBOR REALTY TRUST INC - 500 | 2,548 | 3,330 |
| ARCELORMITTAL-NY - 200 | 4,151 | 3,568 |
| BHP BILLITON LTD - 100 | 7,175 | 6,820 |
| CISCO SYSTEMS INC - 200 | 4,888 | 4,486 |
| GOOGLE INC - 25 | 17,010 | 28,018 |
| INTEL CORP - 300 | 15,057 | 15,573 |
| ISHARES MSCI SWEDEN - 200 | 5,876 | 7,166 |
| KKR & CO L P DEL - 500 SHS | 9,806 | 12,170 |
| JOHNSON & JOHNSON - 200 | 12,500 | 18,318 |
| MOSAIC COMPANY - 100 SHS | 5,895 | 4,727 |
| NEWCASTLE INVESTMENT - 400 | 2,472 | 2,296 |
| NEWMONT MINING CORP NEW - 200 | 9,880 | 4,606 |
| NOVARTIS AG - 100 | 5,383 | 8,038 |
| POTASH CORP OF SASKATCHEWAN INC - 100 | 4,666 | 3,296 |
| ROYAL DUTCH SHELL PLC - 100 | 0 | 0 |
| WASTE MGMT INC DEL - 100 | 7,446 | 8,974 |
| BGC PARTNERS 8.125% - 300 SHS | 7,500 | 7,764 |
| CHARLES SCHWAB 6% - 500 SHS | 12,500 | 10,995 |
| FIRST POTOMAC 7.75% - 500 SHS | 12,500 | 12,195 |
| STAG INDUSTRIAL INC 9% - 700 SHS | 19,210 | 18,592 |
| UNITED TECHNOLOGIES CORP - 200 | 10,386 | 13,094 |
| ACCESS MIDSTREAM PARTNERS LP - 90 SHARES | 3,481 | 5,092 |
| ALLIANCE HOLDINGS GP LP - 180 SHARES | 11,018 | 10,553 |
| ALLIANCE RESOURCES PARTNERS LP - 210 SHARES | 13,860 | 14,630 |
| ALLSTATE CORP - 100 SHARES | 5,265 | 5,454 |
| AMERICAN EAGLE OUTFITTERS - 300 SHARES | 4,262 | 4,320 |
| AMERIGAS PARTNERS LP - 330 SHARES | 13,776 | 14,708 |
| ANWORTH MORTGAGE ASSET - 500 SHARES | 2,320 | 2,105 |
| ARM HOLDINGS PLC - 250 SHARES | 9,604 | 13,683 |
| ATMOS ENERGY CORP - 110 SHARES | 4,408 | 4,996 |
| BARRICK GOLD CORP - 500 SHARES | 9,593 | 8,815 |
| BIOMED REALTY TRUST INC - 700 SHARES | 15,050 | 12,684 |
| CDN IMPERIAL BK COMMERCE - 100 SHARES | 8,436 | 8,541 |
| DEERE & CO - 100 SHARES | 8,455 | 9,133 |
| DOMINION RES INC VA NEW - 145 SHARES | 8,273 | 9,380 |
| DUNKIN BRANDS GROUP INC - 200 SHARES | 9,692 | 9,640 |
| ENBRIDGE ENERGY MANAGEMENT LLC - 1039 SHARES | 30,901 | 29,799 |
| ENBRIDGE INC - 110 SHARES | 5,037 | 4,805 |
| ENBRIDGE INCOME FUND HOLDINGS - 330 SHARES | 7,733 | 7,334 |
| ENERGY TRANSFER EQUITY - 60 SHARES | 3,321 | 4,904 |
| ENERGY TRANSFER PARTNERS LP - 320 SHARES | 2,015 | 18,320 |
| EQUITY MIDSTREAM PARTNER LP - 140 SHARES | 6,726 | 8,231 |
| II-ISE CLOUD COMPUTING INDEX FUND - 200 SHARES | 4,880 | 5,310 |
| HOLLY ENERGY PARTNERS LP - 230 SHARES | 7,997 | 7,436 |
| HSBC HOLDINGS PLC - 200 SHARES | 11,053 | 11,026 |
| INTER PIPELINE LTD - 300 SHARES | 7,303 | 7,313 |
| INTERNATIONAL BUSINESS MACHINE CORP - 100 SHARES | 19,923 | 18,757 |
| ITC HOLDINGS CORP - 100 SHARES | 8,887 | 9,582 |
| KEYCORP NEW - 200 SHARES | 2,644 | 2,684 |
| KINDER MORGAN INC DEL - 430 SHARES | 17,334 | 15,480 |
| KINDER MORGAN MANAGEMENT LLC - 393 SHARES | 32,505 | 29,734 |
| MOTORS LIQUIDATION CO - 20.48962 SHARES | 0 | 659 |
| NATIONAL GRID PLC SPON ADRE NEW - 110 SHARES | 6,430 | 7,185 |
| NEW RESIDENTIAL INVESTMENT CORP | 0 | 2,672 |
| NGL ENERGY PARTNERS LP -380 SHARES | 10,316 | 13,110 |
| NIKE INC CLASS B - 100 SHARES | 6,700 | 7,864 |
| NORFOLK SOUTHERN CORP - 100 SHARES | 7,625 | 9,283 |
| NORTHEAST UTILITIES - 230 SHARES | 9,785 | 9,750 |
| NRG YIELD INC - 120 SHARES | 3,484 | 4,801 |
| NVIDIA CORP - 200 SHARES | 3,006 | 3,204 |
| QUESTAR CORP - 210 SHARES | 5,174 | 4,828 |
| SOUTHERN COPPER CORP - 200 SHARES | 7,777 | 5,742 |
| TEEKAY LNG PARTNERS LP - 420 SHARES | 16,754 | 17,938 |
| THE SOUTHERN COMPANY - 300 SHARES | 13,408 | 12,333 |
| TRANSCANADA CORP - 270 SHARES | 12,697 | 12,328 |
| TRANSMONTAIGNE PARTNERS LP - 240 SHARES | 8,801 | 10,200 |
| UGI CORP NEW - 300 SHARES | 11,828 | 12,438 |
| VODAFONE GROUP PLC - 400 SHARES | 10,314 | 15,724 |
| WALGREEN COMPANY - 200 SHARES | 9,881 | 11,488 |
| WILLIAMS COMPANIES - 260 SHARES | 9,467 | 10,028 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| PIMCO R.E. REAL RETURN STRATE 6,981 SH | AT COST | 0 | 0 |
| FREEPORT-MCMORAN COPPER - 200 | AT COST | 0 | 0 |
| PRUDENTIAL SECTORS FDS - 379.043 SHS | AT COST | 12,384 | 17,504 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ADVISORY FEES | 22,679 | 22,679 | 0 | |
| OTHER INVESTMENT EXPENSES | 95 | 95 | 0 | |
| BROKER FEES | 1,321 | 1,321 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| ROYALTIES | 2,276 | 2,276 | 2,276 |
| OTHER PARTNERSHIP GAINS | 214 | 214 | 214 |
| SEC 1231 GAIN FROM PARTNERSHIP | 169 | 169 | 169 |
| OTHER PARTNERSHIP INCOME | 46,885 | 46,885 | 46,885 |
| RENTAL INCOME FROM PARTNERSHIP | 4 | 4 | 4 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAXES PAID | 454 | 454 | 0 | |
| EXCISE TAX PAID | 2,416 | 0 | 0 |