| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 5,723 | 3,434 | 2,289 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| INVESTMENT IN REALPAGE, INC. | 0 | 0 |
| INVESTMENT IN KINDER MORGAN | 70,080 | 84,620 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| INVESTMENT IN SKYBRIDGE | AT COST | 1,434,456 | 1,437,551 |
| INVESTMENT IN CAMDEN PROPERTIES | AT COST | 0 | 0 |
| INVESTMENT IN IRONWOOD | AT COST | 1,035,041 | 1,060,301 |
| INVESTMENT IN TDI LAS COLINAS | AT COST | 500,000 | 500,000 |
| INVESTMENT IN ML/MLP PORTFOLIO | AT COST | 7,603,253 | 7,226,254 |
| INVESTMENT IN ICG APARTMENT FUND | AT COST | 241,720 | 241,720 |
| INVESTMENT IN WATFORD HOLDINGS | AT COST | 500,000 | 484,375 |
| INVESTMENT IN BLACKSTONE STRATEGIC PARTNERS | AT COST | 75,000 | 60,000 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EXCISE TAX PENALTIES | 130 | 0 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| PASSTHROUGH UBTI | -5,043 | -5,043 |
| Description | Amount |
|---|---|
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| ML OPTIONS HELD | 58,139 | 105,638 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT MANAGEMENT FEES | 27,721 | 27,721 | 0 | |
| PHILANTHROPY SERVICES | 75,000 | 0 | 75,000 |
| Name | Address |
|---|---|
| STEPHEN T WINN |
5500 PRESTON ROAD SUITE 250 DALLAS,TX75205 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FEDERAL EXCISE TAX DEPOSITS | 1,000 | 0 | 0 | |
| FOREIGN TAX PAID | 5,075 | 5,075 | 0 |