| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| ALGONQUIN PWR AND UTILS | 250,000 | 249,700 |
| AT&T INC | 125,000 | 115,950 |
| ALPHABET INC | 1,897,483 | 1,553,415 |
| AMAZON.COM | 2,001,954 | 4,095,872 |
| APARTMENT INVESTMENT & MGMT | 43,686 | 50,901 |
| AQUA AMERICA | 224,574 | 356,123 |
| AVALON BAY COMMUNITIES | 284,320 | 899,839 |
| GENERAL MOTORS WTS | 95,000 | 31,367 |
| ILLUMINA INC | 760,765 | 899,790 |
| JPMORGAN CHASE & CO | 375,000 | 375,450 |
| JPMORGAN CHASE FINL CO | 1,400,000 | 1,123,080 |
| LOEWS CORPORATION | 98,600 | 273,120 |
| LOWE'S COMPANIES | 59,438 | 369,440 |
| MICROSOFT CORP | 1,980,194 | 1,828,260 |
| PFIZER | 97,125 | 130,950 |
| SOCIETE GENERAL | 700,000 | 587,300 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| BLACKROCK CORPORATE HIGH YIELD FUND | AT COST | 128,546 | 51,987 |
| BLACKROCK EURO FUND CLASS A | AT COST | 192,840 | 157,727 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FEDERAL EXCISE TAX | 13,914 | 0 | 0 |