| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING/TAX FEES | 2,200 | 0 | 0 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| APOLLO INVT 6.875% PFD | 125,300 | 125,300 |
| ASTORIA FINL C 6.5% PFD | 77,971 | 77,971 |
| BARCLAYS BANK 8.125% PFD | 103,520 | 103,520 |
| CAPSTEAD MTG C 7.5% PFD | 23,750 | 23,750 |
| CINCINNATI BEL 6.75% PFD | 120,025 | 120,025 |
| DEUTSCH BANK CAP 7.60% PFD | 105,760 | 105,760 |
| DIGITAL REAL 6.625% PFD | 78,480 | 78,480 |
| DYNEX CAPITA 7.625% GFD | 32,808 | 32,808 |
| EQUITY COMMONWE 6.5% PFD | 124,320 | 124,320 |
| HATTERAS FIN 7.625% PFD | 46,860 | 46,860 |
| ISHARES SILVER TRUST | 46,165 | 46,165 |
| ISTAR INC | 52,808 | 52,808 |
| QWEST CORP 6.125% 53 | 149,040 | 149,040 |
| TELEPHONE & DA 6.875% PFD | 151,556 | 151,556 |
| Description | Amount |
|---|---|
| CHANGE IN UNREALIZED GAINS/LOSSES | 5,915 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| MN AG FEE | 25 | 0 | 0 |