| Description of Property | Date Acquired | Cost or Other Basis | Prior Years' Depreciation | Computation Method | Rate / Life (# of years) |
Current Year's Depreciation Expense | Net Investment Income | Adjusted Net Income | Cost of Goods Sold Not Included |
|---|
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| 1 QWEST CORP NT - 7.00% - 04/0 | 2,557 | 2,713 |
| AEGON N.V. | 6,100 | 6,271 |
| AEGON NV PFD - 6.375% | 11,532 | 12,571 |
| AEGON NV PFD FLOAT RATE | 2,302 | 2,720 |
| AFFIL MANAGERS GR INC - 6.375 | 1,276 | 1,470 |
| AFFILIATED MANAGERS GROUP INC | 870 | 874 |
| AFLAC INC PFD - 5.500% - 09/15 | 3,371 | 3,684 |
| ALEXANDRIA REAL ESTATE PFD SER | 701 | 772 |
| ALLSTATE CORP NEW MONEY SER F | 1,402 | 1,448 |
| ALLSTATE CORP SER E PFD STK 6. | 5,711 | 5,872 |
| ALLSTATE CORPORATION | 3,636 | 3,791 |
| ALLSTATE PFD SER A | 773 | 776 |
| AMERICAN FINANCIAL GROUP - 6.3 | 1,251 | 1,381 |
| AMERICAN FINANCIAL GROUP INC | 1,286 | 1,482 |
| AMERICAN FINANCIAL GROUP SUBOR | 2,811 | 2,839 |
| ARCH CAPITAL GROUP PFD | 4,853 | 5,474 |
| ASPEN INSURANCE HOLDINGS LIMIT | 2,278 | 2,491 |
| ASPEN INSURANCE HOLDINGS LTD | 1,628 | 1,752 |
| AXIS CAPITAL HOLDINGS LTD PFD | 3,772 | 4,288 |
| AXIS CAPITAL HOLDINGS LTD SER | 2,873 | 2,709 |
| BANK OF NEW YORK MELLON CORPOR | 7,532 | 8,959 |
| BARCLAYS BANK PLC - 6.625% - A | 4,350 | 4,490 |
| BARCLAYS BANK PLC SER 3 - 7.10 | 5,486 | 5,627 |
| BB&T CORP DEP SHS PFD E | 8,001 | 9,241 |
| BB&T CORPORATION PREFERRED G | 5,524 | 6,538 |
| BOSTON PROPERTIES INC SERIES B | 960 | 1,088 |
| CAPITAL ONE FIN SER B - 6.00% | 8,878 | 9,710 |
| CAPITAL ONE FINANCIAL CO NON-C | 2,496 | 26 |
| CAPITAL ONE FINANCIAL PREF C | 4,307 | 4,379 |
| CHARLES SCHWAB CORPORATION | 3,674 | 4,114 |
| CITIGROUP CAP XII TR PFD SECS | 3,589 | 3,743 |
| CITIGROUP CAPITAL XIII - 7.875 | 6,323 | 6,140 |
| CITIGROUP INC NON-CUM 6.875% S | 6,633 | 6,778 |
| CITIGROUP NON CUM SER L PFD ST | 5,474 | 5,588 |
| COM CAST CORPORATION 5.00% 12/ | 3,038 | 3,446 |
| DB CONT CAP TR II - 6.550% | 12,336 | 13,014 |
| DIGITAL REALTY TRUST INC 7 | 2,339 | 2,448 |
| DIGITAL RLTY TR INC PFD SER F | 1,676 | 1,897 |
| DTE ENERGY CO - 6.500% - 12/01 | 1,799 | 1,851 |
| ENTERGY ARK INC 1ST MTG BD - 5 | 1,383 | 1,453 |
| ENTERGY ARKANSAS INC - 4.90% - | 665 | 770 |
| ENTERGY ARKANSAS INC 04.75% 06 | 1,249 | 1,455 |
| ENTERGY LA LLC SER - 5.875% - | 715 | 736 |
| ENTERGY LOUISIANA LLC | 816 | 926 |
| ENTERGY LOUISIANA LLC 1ST MTG | 1,945 | 1,971 |
| ENTERGY MISSISSIPPI INC - 6.00 | 1,447 | 1,528 |
| FIRST NIAGARA PFD NON CUM SER | 1,808 | 1,714 |
| GE CAPITAL CORP PFD - 4.700% - | 6,672 | 7,443 |
| GE CAPITAL CORP PFD - 4.875% - | 6,533 | 7,220 |
| GE CAPITAL CORP PFD - 4.875% - | 6,154 | 6,933 |
| GLOBALSANTAFE CP | 8,505 | 8,973 |
| GOLDMAN SACHS GROUP | 6,824 | 6,930 |
| GOLDMAN SACHS GROUP INC - 6.5 | 6,857 | 7,217 |
| GOLDMAN SACHS GROUP INC PFD - | 987 | 966 |
| HARTFORD FINL SVCS GRP - 7.875 | 2,808 | 2,936 |
| HEALTH CARE REIT INCPFD SER J | 2,925 | 3,295 |
| HOSPITALITY PPTYS TR CUM PFD S | 4,213 | 4,390 |
| HSBC CALL SERIES P 44180R209 | 17,279 | 17,030 |
| HSBC HLDGS PFD SER A | 2,078 | 2,159 |
| ING GROEP NV - 6.375% - PERPET | 1,845 | 2,043 |
| ING GROEP PERP DEBT 7.20% | 2,256 | 2,318 |
| ING GROUP - 6.125% - PERPETUAL | 6,341 | 6,975 |
| ING GROUP NV DEBT - 7.050% - | 6,943 | 7,179 |
| INTEGRYS ENERGY GROUP INC | 8,050 | 8,731 |
| INTERSTATE POWER AND LIGHT COM | 1,828 | 2,027 |
| J P MORGAN CHASE AND COMPANY . | 4,802 | 5,309 |
| JP MORGAN CHASE & CO 5.50% PFD | 7,550 | 8,418 |
| KIMCO REAL TV CORP CLASS K 5.6 | 1,110 | 1,308 |
| KIMCO RLTY CORP - 5.500% - 12/ | 1,096 | 1,297 |
| KIMCO RLTY CORP DEPOSITARY SHS | 2,861 | 2,926 |
| LLOYDS BANKING GROUPPLC PRF 7. | 15,739 | 15,595 |
| MORGAN STANLEY CAP TR IV PFD - | 2,945 | 3,041 |
| MORGAN STANLEY CAP TR V PFD - | 1,733 | 1,831 |
| MORGAN STANLEY CP TR III - 6. | 2,380 | 2,447 |
| MORGAN STANLEY SER A - FLOAT % | 2,422 | 2,514 |
| MS FIXED-FLOAT SER F 6.875% | 4,264 | 4,282 |
| NATIONAL RETAIL PROPERTIES 5.7 | 2,372 | 2,832 |
| NATL RETAIL PROP@1/100 PFD D - | 3,156 | 3,434 |
| NEXTERA ENERGY CAPITAL - 5.700 | 1,103 | 1,284 |
| NEXTERA ENERGY CAPITAL HOLDING | 4,181 | 4,911 |
| PARTNERRE LTD | 2,825 | 3,253 |
| PARTNERRE LTD - 7.25% | 1,984 | 2,118 |
| PARTNERRE LTD PFD SER D - 6.50 | 2,816 | 3,019 |
| PNC FINANCIAL SERVICES - 6.125 | 13,033 | 14,162 |
| PPL CAPITAL 5.90% PFD | 1,249 | 1,419 |
| PROTECTIVE LIFE CORP - 6.25% - | 2,867 | 3,132 |
| PROTECTIVE LIFE CORPORATION 6% | 1,312 | 1,473 |
| PRUDENTIAL FINANCIAL INC | 2,944 | 3,389 |
| PS BUSINESS PARKS INC - 6.875% | 696 | 727 |
| PS BUSINESS PARKS INC 5.75% | 1,460 | 1,593 |
| PS BUSINESS PKS CALIF DEPSHS - | 3,452 | 4,072 |
| PS BUSINESS PKS INC CA DEP SHS | 3,145 | 3,445 |
| PUBLIC STORAGE | 1,699 | 1,807 |
| PUBLIC STORAGE 5.875% CUM SER | 2,350 | |
| PUBLIC STORAGE 5.900% | 3,942 | 4,323 |
| PUBLIC STORAGE 6.5% | 1,165 | 1,213 |
| PUBLIC STORAGE DEP SHS REPSTG | 2,735 | 3,198 |
| PUBLIC STORAGE DEP SHS V - 5.3 | 701 | 790 |
| PUBLIC STORAGE PFD SER A 6.125 | 3,658 | 3,944 |
| PUBLIC STORAGE SERIES P CUM PF | 709 | 739 |
| PUBLIC STORAGE SERIES Z CUM 6. | 1,115 | 1,154 |
| PUBLIC STORAGE SH PFD SH INT - | 1,988 | 2,196 |
| QWEST CORP PFD SER A | 5,073 | 5,411 |
| QWEST CORP-7.375%-06/01/2051 | 3,440 | 3,672 |
| QWEST CORPORATION | 1,294 | 1,375 |
| RAYMOND JAMES FINANCIAL - 6.9% | 3,418 | 3,684 |
| REALTY INCOME CORP PFD CL F - | 5,573 | 6,072 |
| REGENCY CENTERS PFD 7 | 668 | 777 |
| REGENCY RED PFD SER 6 - 6.625% | 2,420 | 2,664 |
| REGIONS FINANCIAL CORP NEW MON | 3,736 | 3,774 |
| RENAISSANCERE HOLDINGS LTD PRE | 3,562 | 3,502 |
| RENAISSANCERE HOLDINGS LTD. PR | 1,323 | 1,432 |
| ROYAL BK OF SCOT GRP SER L - 5 | 9,419 | 11,208 |
| ROYAL BK OF SCOT GRP SER S - 6 | 835 | 951 |
| ROYAL BK OF SCOT PFD SER N - 6 | 3,577 | 4,133 |
| ROYL BK OF SCOT PFD SER R - 6. | 1,729 | 1,976 |
| SCANA CORP 7.7% 1/30/65 | 607 | 587 |
| SENIOR HSG PPTYS TR-5.625%-08/ | 2,434 | 2,794 |
| STATE STREET CORP NON CUM SER | 6,859 | 6,881 |
| STATE STREET CORPORATION PFD S | 3,340 | 3,864 |
| TCF FINANCIAL CORPORATION DEL | 2,123 | 2,250 |
| TELEPHONE & DATA 5.875% PFD 12 | 345 | 388 |
| TELEPHONE AND DATA SYSTEMS | 1,141 | 1,134 |
| TORCHMARK CORP JR SUB DEB - 5. | 736 | 834 |
| UBS PFD FNDG TR IV PFD - FLOAT | 4,392 | 5,220 |
| US BANCORP - 6.500% PFD | 4,629 | 5,185 |
| US BANCORP 6% | 1,678 | 1,681 |
| US BANCORP DEL DEP SHS REPSTG | 1,984 | 2,209 |
| US BANCORP SER B - FLOAT % - P | 1,047 | 1,174 |
| VORNADO REALTY TRUST 6.875% | 1,719 | 1,799 |
| VORNADO RLTY TR PFD - 5.40% - | 1,183 | 1,334 |
| VORNADO RLTY TR PFD SER K - 5. | 1,631 | 1,829 |
| WEINGARTEN REALTY SER F - 6.50 | 829 | 873 |
| WELLS FARGO & CO. PRFD 'J' | 1,761 | 1,779 |
| WELLS FARGO & COMPANY DEPOSITA | 8,956 | 9,208 |
| WELLS FARGO PREF R | 5,652 | 5,814 |
| WR BERKLEY CORP 5.625% 04/30/2 | 2,857 | 3,089 |
| ALLSTATE CORP SUB DE FIXED TO | 773 | 844 |
| DIGITAL REALTY TRUST INC - 7.3 | 2,377 | 2,476 |
| DIGITAL RLTY TR INC - 5.875% - | 1,378 | 1,316 |
| DTE ENERGY CO JR SER C - 5.250 | 676 | 814 |
| DUKE ENERGY CORP - 5.125% - 01 | 1,706 | 1,983 |
| GOLDMAN SACHS - 6.375% - 12/31 | 5,934 | 5,997 |
| JPM PFD STOCK - 6.700% - 12/31 | 6,546 | 6,895 |
| JPMORGAN CHASE & CO NON-CUM SE | 2,809 | 2,887 |
| KIMCO RLTY 1/1000 PFD SER I - | 3,582 | 4,138 |
| MORGAN STANLEY - 6.625% - 12/3 | 6,432 | 6,636 |
| MORGAN STANLEY FIX SER E - 7.1 | 5,074 | 5,287 |
| NEXTERA ENERGY CAPITAL - 5.000 | 1,660 | 1,936 |
| NEXTERA ENERGY INC JR SUB DEBS | 1,579 | 1,895 |
| PRUDENTIAL FINL INC - 5.700% - | 3,692 | 4,247 |
| PUBLIC STORAGE DEP - 5.200% - | 1,123 | 1,315 |
| PUBLIC STORAGE DEP SHS SER U - | 1,146 | 1,297 |
| STANLEY BLACK & DECKER INC JR | 3,857 | 4,345 |
| STATE STREET CORP NEW MONEY - | 1,600 | 1,648 |
| VENTAS RLTY LTD PARTNERSHIP - | 3,398 | 3,769 |
| VERIZON PFD - 2054 - 5.900% - | 7,342 | 7,481 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Administrative Fees | 7,750 | 7,750 | ||
| Bank Charges | 60 | 60 | ||
| State or Local Filing Fees | 25 | 25 |
| Borrower's Name | Relationship to Insider | Original Amount of Loan | Balance Due | Date of Note | Maturity Date | Repayment Terms | Interest Rate | Security Provided by Borrower | Purpose of Loan | Description of Lender Consideration | Consideration FMV |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 3,000 | 0 % |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Investment Management Services | 6,538 | 6,538 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| 990-PF Estimated Tax for 2014 | 400 | |||
| 990-PF Extension for 2013 | 140 |