| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| SBM, CPAS - 990PF PREPARATION | 3,375 | 2,500 | 875 |
| Description of Amortized Expenses | Date Acquired, Completed, or Expended | Amount Amortized | Deduction for Prior Years | Amortization Method | Current Year Amortization | Net Investment Income | Adjusted Net Income | Total Amount of Amortization |
|---|---|---|---|---|---|---|---|---|
| SOFTWARE AMORTIZATION | 2011-10-01 | 1,270 | 1,143 | 2.5000 | 127 | 1,270 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| ALBEMARLE CORP | 9,801 | 9,801 |
| ALCOA INC. | 23,132 | 23,132 |
| ALTRIA GROUP | 19,511 | 19,511 |
| AMDOCS LTD | 10,777 | 10,777 |
| AMERICAN CAPITAL AGENCY CORP | 8,121 | 8,121 |
| AMERICAN ELECTRIC POWER CO INC | 15,180 | 15,180 |
| AMERICAN EXPRESS CO | ||
| ANALOG DEVICES INC | 10,993 | 10,993 |
| ANHEUSER-BUSCH COMPANIES INC | 16,848 | 16,848 |
| APPLIED MATERIAL INC | 10,566 | 10,566 |
| ASTRA ZENECA | 14,076 | 14,076 |
| AVERY DENNISON CORP. | 10,999 | 10,999 |
| BANK OF AMERICA CORP | 14,312 | 14,312 |
| BB&T CORP | 7,778 | 7,778 |
| BRINKER INTL | 46,952 | 46,952 |
| BOSTON SCIENTIFIC CORPORATION | 10,852 | 10,852 |
| BP PLC | 7,624 | 7,624 |
| BRANDYWINE REALTY TRUST | ||
| BRISTOL MYERS SQUIBB COMPANY | 29,220 | 29,220 |
| BROADRIDGE FINANCIAL SOLUTIONS | 16,810 | 16,810 |
| CABLEVISION SYSTEMS | ||
| CBS CORP | 8,301 | 8,301 |
| CAMECO CORP | 9,025 | 9,025 |
| CATAMARAN CORP | 16,198 | 16,198 |
| CHEVRON CORP | ||
| CHUBB CORP | 12,830 | 12,830 |
| CINEMARK HOLDINGS | 13,520 | 13,520 |
| CLOROX CO | 7,920 | 7,920 |
| COACH INC | 4,695 | 4,695 |
| COMCAST CORP | 11,602 | 11,602 |
| CONOCOPHILLIPS | 31,077 | 31,077 |
| COSTCO WHOLESALE CORP. | 18,427 | 18,427 |
| CREE | 16,110 | 16,110 |
| DAIMLER AG | 12,360 | 12,360 |
| DEERE & CO. | 26,541 | 26,541 |
| DEUTSCHE BANK CAP FUND IX 6.625% PFD | 56,210 | 56,210 |
| DIAGEO PLC SPON ADR | ||
| DIEBOLD CORP | ||
| DOMINION RESOURCE | 15,380 | 15,380 |
| DU PONT E I DE NEMOURS & CO | 36,970 | 36,970 |
| DUKE ENERGY CORP | 73,515 | 73,515 |
| ENDURANCE SPECIALTY HOLDINGS LTD | 16,516 | 16,516 |
| ENERGY TRANSFER PARTNERS | 65,000 | 65,000 |
| ENTERGY CORPORATION | 10,673 | 10,673 |
| EXPEDITORS INTL OF WASH | 7,316 | 7,316 |
| FIRST AMERICAN FINANCIAL CORP | 19,865 | 19,865 |
| FIRST ENERGY CORP. | 27,293 | 27,293 |
| FREEPORT MCMORAN COPPER & GOLD | 2,336 | 2,336 |
| GENERAL ELECTRIC COMPANY | 5,054 | 5,054 |
| GENERAL MILLS | ||
| GENUINE PARTS CO | 19,183 | 19,183 |
| HAEMONETICS CORP | 9,056 | 9,056 |
| HARTFORD FINANCIAL SERVICES | 21,220 | 21,220 |
| HASBRO INC | 16,112 | 16,112 |
| HCP INC. | 11,404 | 11,404 |
| HEALTH CARE REIT INC | 15,058 | 15,058 |
| ING GROUP NV 7.3750% | 25,740 | 25,740 |
| INVESCO LTD | 19,958 | 19,958 |
| ITC HOLDINGS CORP | 8,854 | 8,854 |
| JANUS CAPITAL GROUP INC | 12,533 | 12,533 |
| KINDER MORGAN | 52,168 | 52,168 |
| JP MORGAN CHASE & CO | 37,548 | 37,548 |
| KANSAS CITY SOUTHERN INDUS NEW | ||
| KOHLS CORP | 15,748 | 15,748 |
| LEIDOS HOLDINGS INC | 8,095 | 8,095 |
| LIBERTY BROADBAND RIGHTS | 275 | 275 |
| LIBERTY BROADBAND | 7,124 | 7,124 |
| LIBERTY MEDIA | 11,630 | 11,630 |
| LIGHTSTREAM RESOURCES LTD | 495 | 495 |
| M&T BANK CORP. | 12,060 | 12,060 |
| MARKWEST ENERGY PARTNERS LP | 26,876 | 26,876 |
| MATTEL INC. | 8,665 | 8,665 |
| MARRIOT INTL PTRS | 7,803 | 7,803 |
| MCKESSON INC | 38,402 | 38,402 |
| MERCK & COMPANY, INC. | 23,852 | 23,852 |
| MERRILL LYNCH CAP TR 6.45% DUE | 25,320 | 25,320 |
| MORGAN STANLEY | 19,400 | 19,400 |
| MORGAN STANLEY CP IV 6.25% | 25,340 | 25,340 |
| NAT FUEL GAS CO | 14,462 | 14,462 |
| NEW YORK COMMUNITY BANCORP INC | 13,872 | 13,872 |
| NIKE | 14,422 | 14,422 |
| NEXTERA ENERGY, INC. | 20,301 | 20,301 |
| NISOURCE INC | 8,357 | 8,357 |
| NUCOR CORP | 9,810 | 9,810 |
| O REILLY AUTOMOTIVE INC. | 23,114 | 23,114 |
| OLD REPUBLIC INTL CORP | 13,723 | 13,723 |
| OMNICOM GROUP INC. | 11,853 | 11,853 |
| PINNACLE FOODS | 14,120 | 14,120 |
| PEABODY ENERGY CORP | 2,686 | 2,686 |
| PHILIP MORRIS INTL | ||
| PHILLIPS 66 | 5,377 | 5,377 |
| PPG INDUSTRIES INC | 16,181 | 16,181 |
| QUEST DIAGNOSTICS INC | 16,296 | 16,296 |
| REGAL ENTERTAINMENT GROUP | 16,063 | 16,063 |
| ROCKWELL COLLINS INC | 15,544 | 15,544 |
| ROWAN COMPANIES INC | ||
| SCIENCE APPLICATIONS INTERNATIONAL C | ||
| SEADRILL LIMITED | ||
| SEMPRA ENERGY | ||
| SNAP ON TOOLS CORP | 20,511 | 20,511 |
| SONOCO PRODUCTS CO | 8,128 | 8,128 |
| SOUTHERN CO | 68,754 | 68,754 |
| SYNCHRONY FINANCIAL | 8,717 | 8,717 |
| ST JUDE MEDICAL INC | 16,518 | 16,518 |
| STAPLES INC | 9,930 | 9,930 |
| STARBUCKS CORP | 12,307 | 12,307 |
| STATE STREET CORP PFD | 12,930 | 12,930 |
| SUN COMMUNITIES INC | 17,473 | 17,473 |
| SUNTRUST BKS INC | 15,419 | 15,419 |
| SYSCO CORP | 14,487 | 14,487 |
| TECO ENERGY INC | 18,707 | 18,707 |
| TELEPHONE & DATA SYSTEMS | ||
| TESORO LOGISTICS | 29,425 | 29,425 |
| TEXAS ROADHOUSE INC | ||
| THE BABCOCK & WILCOX COMPANY | 9,181 | 9,181 |
| THE COCA-COLA CO. | 12,666 | 12,666 |
| THE MOSAIC CO. | ||
| TOTAL FINA ELF S A | ||
| UNITED HEALTH GROUP | 13,142 | 13,142 |
| ULTRA PETROLEUM CORP | 3,909 | 3,909 |
| UNDER ARMOUR, INC. | 6,790 | 6,790 |
| VALSPAR | 17,296 | 17,296 |
| VERIFONE HOLDINGS INC | 11,755 | 11,755 |
| VERIZON COMMUNICATIONS | 11,368 | 11,368 |
| WASTE MANGEMENT INC | 16,320 | 16,320 |
| WELLS FARGO & CO | 16,446 | 16,446 |
| WHIRLPOOL CORPORATION COM | ||
| WR GRACE & COMPANY | 10,588 | 10,588 |
| WESTERN UNION | 15,223 | 15,223 |
| XCEL ENERGY INC | 7,831 | 7,831 |
| XEROX CORP | ||
| ZIMMER HOLDINGS INC | 17,240 | 17,240 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| DNP SELECT INCOME FUND, INC | FMV | 10,560 | 10,560 |
| ISHARES DOW JONES | FMV | 23,654 | 23,654 |
| ISHARES S&P U.S. PREFERRED | FMV | 47,328 | 47,328 |
| ISHARES TR S&P GLOBAL | FMV | 24,585 | 24,585 |
| ISHARES TRUST IBOXX HIGH YIELD CORP | FMV | 22,400 | 22,400 |
| KAYNE ANDERSON MLP | FMV | 11,454 | 11,454 |
| KINDER MORGAN ENERGY | FMV | ||
| MORGAN STANLEY INSTL GROWTH A | FMV | 5,331 | 5,331 |
| TORTOISE PIPELINE & ENERGY FUND INC | FMV | 30,740 | 30,740 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| COMPUTER | 1,957 | 1,957 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| SOFTWARE NET OF AMORTIZATION | 127 | 960 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EXPENSES | ||||
| BANK FEES | 505 | 505 | ||
| WEB SITE/INTERNET ACCESS | 925 | 500 | 425 |
| Description | Amount |
|---|---|
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT ADVISOR FEES | 17,757 | 17,757 | ||
| ADMINISTRATIVE FEES | 10,000 | 5,000 | 5,000 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAXES | 723 | 723 | ||
| FLORIDA REGISTRATION | 61 | 61 | ||
| FORM 990PF | 677 |