| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 2,000 | 0 | 0 | 2,000 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| BED BATH 5.165% | 43,828 | 33,313 |
| MOTOROLA SOL 5.22% | 40,175 | 38,352 |
| FORD MOTOR CREDIT CO. 8.125% | 101,120 | 103,818 |
| GE GLOBAL INSURANCE 7.00% | 104,700 | 118,264 |
| CHES & POTOMAZ TEL 8.00% | 113,125 | 122,653 |
| NEW JERSEY BELL TEL 7.85% | 108,907 | 124,152 |
| US WEST COMMUNITY 6.875% | 80,495 | 84,572 |
| ASSURED GUARANTY US HLDS 7.0% | 177,817 | 230,346 |
| CITIGROUP, INC. 6.125% | 90,620 | 107,887 |
| GOLDMAN SACHS GP 6.75% | 99,716 | 112,928 |
| BELLSOUTH TELECOM 7.00% | 106,019 | 110,693 |
| FORD MOTOR CO SR NOTE 5.291% | 49,099 | 41,049 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| BP, PLC | 6,799 | 120,396 |
| DEVELOPERS DIVERSIFIED REALTY | 18,763 | 3,786 |
| EQUITY RESIDENTAIL REIT | 19,705 | 46,207 |
| GENERAL ELECTRIC | 39,400 | 7,570 |
| HCP, INC. | 22,559 | 23,042 |
| INTEL CORP | 19,419 | 39,891 |
| IBM | 29,435 | 32,396 |
| JP MORGAN & CO, INC. | 29,087 | 82,587 |
| JOHNSON & JOHNSON | 19,931 | 48,394 |
| LIBERTY PPTY TR REIT | 18,200 | 20,940 |
| LILLY ELI CO | 9,444 | 17,358 |
| MACK CALI REALTY CORP REIT | 19,611 | 10,579 |
| MERCK & CO, INC. | 9,830 | 45,846 |
| MICROSOFT | 12,036 | 139,963 |
| PFIZER, INC. | 15,424 | 72,023 |
| PROLOGIS, INC. | 19,721 | 38,168 |
| ROYAL DUTCH SHELL | 100,213 | 94,397 |
| SIMON PROPERTY GROUP, INC. | 55,745 | 157,961 |
| WP GLIMCHER, INC. | 3,535 | 2,284 |
| WEINGARTEN REALTY INV SBI REIT | 19,450 | 16,375 |
| RETAIL VALIE | 1,087 | 870 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES | 14,400 | 0 | 0 | 14,400 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| OFFICE EXPENSE | 2,251 | 0 | 0 | 2,251 |
| FEES | 1,200 | 0 | 0 | 1,200 |
| ANNUAL REPORTS | 50 | 0 | 0 | 50 |
| Description | Amount |
|---|---|
| NONDIVIDEND DISTRIBUTIONS | 1,318 |
| BOND PREMIUM | 1,353 |
| ACCRUED MARKET DISCOUNT | 18,657 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FEDERAL TAXES | 1,554 | 0 | 0 | 1,554 |
| PAYROLL TAXES | 2,344 | 0 | 0 | 1,172 |
| OTHER TAXES | 918 | 918 | 0 | 0 |