| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| 1,000,000 RUSSIAN FEDERATION | 600,000 | 1,572,207 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| CONSECO INC/CNO FINANCIAL GROUP INC | 4,697,149 | 4,463,663 |
| RELIANT ENERGY, INC/RRI ENERGY INC/NRG ENERGY | 755,349 | 353,133 |
| MCDERMOTT INTERNATIONAL | 69,259 | 41,555 |
| BABCOCK & WILCOX COMPANY | 69,015 | 13,629 |
| WALTER ENERGY INC | 1,609,404 | 136 |
| BANK OF AMERICA | 16,594,280 | 18,282,017 |
| FIFTH THIRD BANCORP | 30,255,345 | 30,334,801 |
| SUNTRUST BANKS INC | 31,370,315 | 33,456,963 |
| CITIGROUP INC | 31,778,778 | 30,571,485 |
| MUELLER WATER PRODUCTS | 2,079,060 | 1,579,963 |
| WALTER INVESTMENT MGMT CORP/DITECH HOLDING | 288,326 | 91 |
| SPDR S&P 500 ETF TRUST | 2,860,894 | 4,278,364 |
| BWX TECHOLOGIES, INC. | 26,003 | 366,282 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| COLUMBUS HILL OVERSEAS LTD | AT COST | 18,806,063 | 76,093,042 |
| THOROUGHBRED OFFSHORE FUND | AT COST | 7,657 | 0 |
| PALOMINO-SERIES 0102/0717 | AT COST | 463,617,744 | 506,193,014 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| WORKERS COMP INSURANCE | 46 | 0 | 46 | |
| PAYROLL FEES | 147 | 0 | 147 |
| Description | Amount |
|---|---|
| APPRECIATED/DEPRECIATED GAIN/LOSS FROM DONATED STOCK | 5,982,404 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| DUE TO APPALOOSA MANAGEMENT | 15,075 | 15,075 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FEDERAL TAXES | 17,000 | 0 | 0 | |
| PAYROLL TAXES | 956 | 0 | 956 |