| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 3,600 | 1,800 | 1,800 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| ANNALY CAPITAL MANAGEMENT | 65,825 | 58,920 |
| STARWOOD PROPERTY TRUST | 82,495 | 78,840 |
| BANK OF AMERICA PFD | 574,730 | 558,140 |
| GOLDMAN SACHS GROUP PFD | 586,189 | 557,920 |
| WELLS FARGO & CO PFD | 685,769 | 694,045 |
| REAVES UTILITY INCOME FUND | 527,434 | 509,139 |
| JP MORGAN CHASE | 586,478 | 576,922 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LICENSE | 61 | 0 | 31 | |
| MISCELLANEOUS | 6,478 | 0 | 3,239 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| TAXES | 1,115 | 0 | 0 |