| 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 Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| BEAZER HOMES USA INCSR NT - 9. | 5,234 | 4,963 |
| HD SUPPLY - 11.500% - 07/15/20 | 29,391 | 27,687 |
| POST HLDGS INC - 7.375% - 02/1 | 5,175 | 5,213 |
| WILLIAMS PARTNERS - 3.600% - 0 | 15,923 | 15,728 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| AECOM TECHNOLOGY CORPORATION | 4,076 | 4,655 |
| ALLERGAN PLC PRFD | 15,420 | 15,435 |
| ALLY FINL INC 8.5% 12/31/2049 | 13,343 | 12,896 |
| ALPHABET INC | 3,349 | 7,589 |
| ALTRIA GROUP INC | 8,383 | 21,538 |
| AMER INTERNATIONAL GROUP INC | 3,681 | 6,507 |
| ANTHEM INC | 4,101 | 6,972 |
| ARBOR REALTY TRUST INC | 18,345 | 18,948 |
| ARES CAPITAL CORPORATION | 9,957 | 9,619 |
| AT&T, INC | 24,765 | 26,357 |
| AVAGO TECHNOLOGIES LIMITED | 6,205 | 7,258 |
| AVNET INC | 2,774 | 4,284 |
| BGC PARTNERS INC | 10,709 | 26,241 |
| BLACKSTONE MORTGAGE TRUST INC | 25,173 | 23,415 |
| BOEING CO | 6,461 | 7,230 |
| CARDINAL HEALTH INC | 3,159 | 6,695 |
| CORNING INC | 5,758 | 5,027 |
| COUNTRYWIDE CAP V | 6,134 | 12,815 |
| DANA HOLDING CP | 2,778 | 2,070 |
| DOW CHEMICAL PV | 4,452 | 7,722 |
| FIFTH STREET FINANCE | 27,016 | 25,935 |
| FIRST NIAGARA FINL - 8.625 - 1 | 8,116 | 8,178 |
| FLY LEASING LTD | 3,357 | 3,522 |
| GENERAL MOTORS | 8,044 | 6,802 |
| GOODYEAR TIRE & RUBBER COMPANY | 4,607 | 5,717 |
| HERCULES TECHNOLOGY GROWTH | 16,600 | 14,628 |
| JOHNSON & JOHNSON | 16,289 | 17,976 |
| JP MORGAN CHASE | 3,161 | 4,952 |
| JUST ENERGY GROUP INC | 25,262 | 23,318 |
| KINDER MORGAN CONVERTABLE PREF | 15,648 | 17,531 |
| LAS VEGAS SANDS CORP | 15,168 | 10,960 |
| LINCOLN NATIONAL CORP | 4,377 | 7,539 |
| MACQUIRE INFRASTRUCTURE CO LLC | 22,525 | 27,224 |
| MEDICAL PROPERTIES TRUST, INC | 7,211 | 15,251 |
| METLIFE INC | 24,394 | 22,900 |
| NEW RESIDENTIAL INVESTMENT COR | 18,775 | 13,376 |
| NORTHSTAR REALTY EUROPE CORP | 1,894 | 1,960 |
| NORTHSTAR REALTY FINANCE CORP | 15,949 | 8,515 |
| OWENS CORNING | 3,341 | 4,703 |
| PEOPLE'S UNITED FINANCIAL, INC | 14,752 | 18,976 |
| RAIT FINANCIAL TRUST | 15,858 | 4,995 |
| RMR GROUP | 117 | 130 |
| ROCHE HOLDING LTD ADR | 19,152 | 18,786 |
| ROYAL BK OF SCOT PFD SER T - 7 | 13,557 | 14,217 |
| SENIOR HOUSING PROPERTIES INC | 20,394 | 13,356 |
| SIX FLAGS ENTERTAINMENT CORPOR | 18,695 | 27,469 |
| SKYWORKS SOLUTIONS, INC | 4,893 | 4,226 |
| SOUTHWESTERN ENERGY | 7,805 | 2,133 |
| SUNTRUST BKS INC | 2,773 | 4,284 |
| TYSON FOODS INC | 6,170 | 8,000 |
| VALERO ENERGY CORP | 3,028 | 7,071 |
| VERIZON COMMUNICATIONS | 5,296 | 5,130 |
| VODAFONE GROUP PLC | 19,538 | 15,001 |
| WAL-MART STORES INC | 3,937 | 3,065 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| ENERGY TRANSFER EQUITY LP | 1,902 | 16,488 | |
| ENERGY TRANSFER PARTNERS LP | 6,973 | 19,428 | |
| MARTIN MIDSTREAM PARTNERS L.P | 7,526 | 9,765 | |
| NUSTAR GP HOLDINGS LLC | 17,277 | 12,690 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Administrative Fees | 11,702 | 11,702 | ||
| Bank Charges | 162 | 162 | ||
| K-1 Exp ATLAS ENERGY GROUP LLC | 189 | |||
| K-1 Exp ATLAS ENERGY LP | 71 | |||
| K-1 Exp BREITBURN ENERGY PARTN | 266 | |||
| K-1 Exp EMERGE ENERGY SERVICES | 4 | 2 | ||
| K-1 Exp ENERGY TRANSFER EQUITY | 4 | 4 | ||
| K-1 Exp ENERGY TRANSFER PARTNE | 85 | 80 | ||
| K-1 Exp MARTIN MIDSTREAM PARTN | 14 | |||
| K-1 Exp NUSTAR GP HOLDINGS LLC | 32 | 29 | ||
| K-1 Exp REGENCY ENERGY PARTNER | 5 | |||
| K-1 Exp WILLIAMS PARTNERS LP | 10 | 3 | ||
| State or Local Filing Fees | 28 | 28 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| K-1 Inc/Loss ATLAS ENERGY GROUP LLC | -490 | -229 | |
| K-1 Inc/Loss ATLAS ENERGY LP | -2,547 | -5 | |
| K-1 Inc/Loss BREITBURN ENERGY PARTNERS, L.P | 143 | ||
| K-1 Inc/Loss EMERGE ENERGY SERVICES LP | -490 | ||
| K-1 Inc/Loss ENERGY TRANSFER EQUITY LP | -260 | 129 | |
| K-1 Inc/Loss ENERGY TRANSFER PARTNERS LP | -1,430 | 129 | |
| K-1 Inc/Loss MARTIN MIDSTREAM PARTNERS L.P | -711 | 65 | |
| K-1 Inc/Loss NUSTAR GP HOLDINGS LLC | -970 | 3 | |
| K-1 Inc/Loss REGENCY ENERGY PARTNERS LP | -306 | -13 | |
| K-1 Inc/Loss WILLIAMS PARTNERS LP | -4,712 | ||
| 751 Gain on Sale ATLAS ENERGY GROUP LLC | 24 | ||
| 751 Gain on Sale BREITBURN ENERGY PARTNERS, L.P | 1,381 | ||
| 751 Gain on Sale EMERGE ENERGY SERVICES LP | 780 | ||
| 751 Gain on SAle Enbridge Energy Partne | 6,887 | ||
| 751 Gain on Sale WILLIAMS PARTNERS LP | 4,781 | ||
| 751 Gain on Sale ATLAS ENERGY LP | 967 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Investment Management Services | 7,457 | 7,457 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| 990-PF Estimated Tax for 2015 | 1,000 | |||
| Foreign Tax Paid | 313 | 313 |