| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| HOUND PARTNERS CONCENTRATED FUND LTD | 11,210 | 11,210 |
| HOUND PARTNERS OFFSHORE FUND LTD | 12,522 | 12,522 |
| MALCO COMPANY | 77,794 | 77,794 |
| SYNOVUS - 9016 | 26,987,395 | 26,987,395 |
| THE GADSDEN CORPORATION | 13,573 | 13,573 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| MALCO COMPANY - DISTRIBUTION RECEIVABLE | AT COST | 3,250 | 3,250 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| OTHER MISC EXPENSE | 172 | 172 | 0 | |
| NONDEDUCTIBLE EXPENSE (FEDERAL TAX PAYMENT) | 4,000 | 0 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| RENTAL INCOME FROM PASS-THROUGHS | 15,799 | 15,799 | 15,799 |
| ORDINARY INCOME FROM PASS-THROUGHS | 19,583 | 19,583 | 19,583 |
| Description | Amount |
|---|---|
| UNREALIZED GAIN/LOSS ON SECURITIES | 2,216,082 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT MANAGEMENT FEES | 73,892 | 73,892 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAXES | 2,293 | 2,293 | 0 |