| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING/TAX FEES | 1,500 | 0 | 0 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| AFLAC INC. - 500 SHS | 31,416 | 29,950 |
| AT & T INC. - 1000 SHS | 32,757 | 34,410 |
| ABBVIE INC. - 500 SHS | 29,487 | 29,620 |
| ABBOTT LABORATORIES - 750 SHS | 30,007 | 33,683 |
| ALTRIA GROUP INC. - 500 SHS | 30,047 | 29,105 |
| BIOTELEMETRY INC. - 2500 SHS | 30,547 | 29,200 |
| BOTTOMLINE TECHNOLOGIES INC. - 1000 SHS | 37,070 | 29,730 |
| CAPITAL ONE FINANCIAL PFD B - 2000 SHS | 50,600 | 51,820 |
| CARDIOVASCULAR SYSTEMS INC. - 1000 SHS | 24,541 | 15,120 |
| CITIGROUP INC PFD - 2000 SHS | 49,879 | 51,900 |
| COMSTOCK RESOURCES INC. - 1000 SHS | 23,475 | 1,870 |
| DELUXE CORP - 2000 SHS | 33,352 | 109,080 |
| ELI LILLY & CO. - 1000 SHS | 33,867 | 84,260 |
| EXPEDITORS INTL WASHINGTON INC - 600 SHS | 28,934 | 27,060 |
| GEOSPACE TECHNOLOGIES CORP - 500 SHS | 32,927 | 7,035 |
| GLOBAL PAYMENT INC. - 500 SHS | 34,909 | 64,510 |
| GOLDMAN SACHS GRP PFD - 2000 SHS | 49,880 | 52,380 |
| GREATBATCH INC. | 31,771 | 31,500 |
| HD SUPPLY HOLDINGS INC. - 1000 SHS | 30,116 | 30,030 |
| JC PENNY CO INC. - 3000 SHS | 28,712 | 19,980 |
| JOHNSON CONTROLS INC. - 500 SHS | 25,999 | 19,745 |
| KIMBERLY CLARK CORP - 250 SHS | 26,349 | 31,825 |
| MICROSOFT CORP - 500 SHS | 23,780 | 27,740 |
| NCR CORP - 1000 SHS | 30,354 | 24,460 |
| PFIZER INC. - 1500 SHS | 34,252 | 48,420 |
| QUMU CORP - 1000 SHS | 4,040 | 2,710 |
| RMR GROUP INC. - 10 SHS | 119 | 144 |
| RESTORATION HARDWARE HOLDINGS INC. | 27,662 | 23,835 |
| SPS COMMERCE INC - 500 SHS | 34,870 | 35,105 |
| SCRIPPS EW COMPANY CI A - 1000 SHS | 24,339 | 19,000 |
| ST. JUDE MEDICAL INC. - 600 SHS | 29,423 | 37,062 |
| STANLEY BLACK & DECKER - 400 SHS | 32,433 | 42,692 |
| SUNTRUST BKS PFD - 1000 SHS | 25,220 | 25,890 |
| SUPERVALU INC. - 4000 SHS | 38,868 | 27,120 |
| TCF FINANCIAL PFD - 1000 SHS | 25,232 | 26,590 |
| TENANT HEALTH CORP - 500 SHS | 26,861 | 15,150 |
| UNITED HEALTH GROUP INC. - 500 SHS | 40,545 | 58,820 |
| WELLS FARGO & CO DEP SHRS REP PFD - 2000 SHS | 50,200 | 52,500 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| DEUTSCHE BANK TRUST II - 2000 SHS | AT COST | 47,429 | 51,320 |
| MERRILL LYNCH CAPITAL TR - 2000 SHS | AT COST | 50,273 | 51,880 |
| MORGAN STANLEY CAP TR - 2000 SHS | AT COST | 48,883 | 50,620 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| MN ANNUAL REGISTRATION FEE | 25 | 0 | 0 | |
| MISCELLANEOUS | 35 | 0 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT FEES | 19,180 | 19,180 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| 1,196 | 0 | 0 |