| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 12,000 | 8,000 | 4,000 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| CORPORATE STOCKS, BONDS AND OTHER INVESTMENTS - DETAILS AVAILABLE | 3,289,886 | 3,858,225 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| INVESTMENT IN URSULA CAPITAL PARTNERS LLP | AT COST | 1,296,472 | 1,296,472 |
| INVESTMENT IN BOARDWALK PIPELINE PARTNERS | AT COST | 0 | 0 |
| INVESTMENT IN EL PASO PIPELINE PARTNERS | AT COST | 0 | 0 |
| INVESTMENT IN PLAINS ALL-AMERICAN PIPELINE | AT COST | 40,039 | 61,584 |
| INVESTMENT IN NUVEEN DIVERSIFIED COMMODITY FUND | AT COST | 69,833 | 61,850 |
| INVESTMENT IN BREITBURN | AT COST | 60,241 | 39,630 |
| INVESTMENT IN SEAVIEW OFFSHORE FUND LTD | AT COST | 500,000 | 480,751 |
| Description | Amount |
|---|---|
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| K-1 URSULA CAPITAL PARTNESHIP | 20,113 | 20,113 | 0 | |
| BOOKKEEPING, MANAGEMENT AND OFFICE | 2,769 | 1,846 | 923 | |
| ADR FEES AND OTHER INVESTMENT EXPENSES | 1,372 | 1,372 | 0 | |
| K-1 KINDER MORGAN ENERGY PARTNERS | 735 | 735 | 0 | |
| K-1 BOARDWALK PIPELINE PARTNERS LP | 4 | 4 | 0 | |
| NYS FILING FEE | 250 | 0 | 250 | |
| K-1 PLAINS ALL AMERICAN | 168 | 168 | 0 | |
| K-1 BREITBURN ENERGY PARTNERS | 5,170 | 5,170 | 0 | |
| K-1 NUVEEN DIVERSIFIED | 511 | 511 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| OTHER INCOME - K-1 BOARDWALK PIPELINE | 499 | 499 | 499 |
| OTHER INCOME - K-1 KINDER MORGAN | 4,891 | 4,891 | 4,891 |
| OTHER INCOME - K-1 BREITBURN ENERGY PARTNERS | 1,250 | 1,250 | 1,250 |
| ORDINARY GAIN ON SALE OF BOARDWALK PIPELINE PARTNERS | 39,556 | 39,556 | 39,556 |
| ORDINARY GAIN ON SALE OF EL PASO PIPELINE PARTNERS | 6,028 | 6,028 | 6,028 |
| ORDINARY GAIN ON SALE OF KINDER MORGAN ENERGY PARTNERS | 52,451 | 52,451 | 52,451 |
| Description | Amount |
|---|---|
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| NEGATIVE CAPITAL BALANCE - KINDER MORGAN ENERGY PARTNERS | 11,634 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ADVISORY FEES | 33,681 | 33,681 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FEDERAL EXCISE TAX | 16,395 | 16,395 | 0 |