| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 7,335 | 3,678 | 0 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| PERSHING - 517705 COMMON STOCK | 2,880,638 | 4,449,131 |
| PERSHING - 513100 COMMON STOCK | 473,139 | 1,249,090 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| MARGIN OF SAFETY II | AT COST | 1,500,177 | 1,731,151 |
| PERSHING - 517705 WARRANTS | AT COST | 37,527 | 72,166 |
| DIVIDENDS ACCRUED | AT COST | 0 | 4,531 |
| DIVIDENDS ACCRUED | AT COST | 0 | 2,575 |
| Description | Amount |
|---|---|
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| MARGIN OF SAFETY II - OTHER PORTFOLIO EXPENSES | 49,449 | 49,449 | 0 | |
| MARGIN OF SAFETY II - NONDEDUCTIBLE EXPENSES | 43 | 0 | 0 | |
| FULTON BANK | 294 | 294 | 0 | |
| PERSHING - MANAGEMENT FEE | 1,564 | 1,564 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| OTHER INCOME FROM MARGIN OF SAFETY II | 1,189 | 2,080 | 1,189 |
| Description | Amount |
|---|---|
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| DONATION CHECKS OUTSTANDING | 0 | 5,000 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAX | 8,970 | 8,970 | 0 | |
| FOREIGN TAX - MOS | 608 | 608 | 0 | |
| EXCISE TAX | 9,779 | 0 | 0 |