| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| TAX PREPARATION | 3,950 | 1,975 | 0 | 1,975 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| AMERICAN CAPITAL WORLD BOND | 400,009 | 399,126 |
| AMERICAN ST BOND | 243,853 | 243,781 |
| BLACKROCK INFL PROT BD CL C | 123,462 | 121,337 |
| DELAWARE DIV INC CL C | 99,062 | 99,420 |
| PIMCO ST CL C | 100,004 | 99,286 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| INLAND AMER RE TR/INVENTRUST | AT COST | 60,934 | 42,068 |
| BEHRINGER/MONOGRAM RESIDENTIAL TRUST | AT COST | 80,912 | 97,600 |
| CHAMBERS STR/GRAMERCY PPTY | AT COST | 64,765 | 64,694 |
| NORTHSTAR R/E INC TR | AT COST | 201,768 | 225,450 |
| STEADFAST INC REIT | AT COST | 79,928 | 101,074 |
| CENTRAL PARK GROUP LIGHTHOUSE | AT COST | 272,646 | 266,242 |
| FS GLOBAL CREDIT | AT COST | 100,055 | 68,917 |
| XENIA HOTELS | AT COST | 29,007 | 20,144 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT FEES | 265 | 265 | 0 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| NET INCOME FROM PASS THROUGH | 20,562 | 20,562 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAX | 101 | 101 | 0 | 0 |
| EXCISE TAX | 350 | 0 | 0 | 0 |