| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 4,500 | 4,500 | 0 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| APPLE INC | 907,344 | 2,919,180 |
| ARGO GROUP INTL HLDGS | 125,000 | 137,450 |
| AT&T INC | 12,500 | 13,380 |
| BANK OF NY MELLON CORP | 1,105,130 | 1,113,000 |
| BNP PARIBAS CPN 6.5 | 300,000 | 283,080 |
| BNP PARIBAS SPX 100% | 750,000 | 759,900 |
| BNP PARIBAS SPX 80% | 750,000 | 735,375 |
| BNP PARIBAS XLF 51% | 600,000 | 689,640 |
| BNP PARIBAS XLF 52.3% | 300,000 | 315,960 |
| BNP PARIBAS XLF 78.5% | 300,000 | 322,110 |
| BNP PARIBAS XLF 34.2% | 500,000 | 492,350 |
| BNP PARIBAS XLF 36% | 500,000 | 500,900 |
| BNP PARIBAS XLF 65.5% | 1,100,000 | 1,084,930 |
| BNP PARIBAS XLF 58% | 1,100,000 | 1,088,120 |
| BNP PARIBAS XLF 67.1% | 1,100,000 | 1,130,580 |
| BNP PARIBAS XLF 64.4% | 1,100,000 | 1,084,820 |
| BNP PARIBAS XLF 75% 6.4% CPN DUE | 1,000,000 | 972,600 |
| BNP PARIBAS XLF 75% 9.6% CPN DUE | 1,000,000 | 998,700 |
| BNP PARIBAS XLF 75% 8.2% CPN DUE | 1,000,000 | 1,002,800 |
| BNP PARIBAS XLF 75% 8.05% CPN DUE | 1,000,000 | 990,400 |
| BROOKFIELD FIN I UK PLC | 370,500 | 383,690 |
| CAPITAL ONE FINANCIAL | 75,000 | 77,430 |
| JPMORGAN CHASE & CO | 50,000 | 55,420 |
| JPMORGAN CHASE FLNL CO | 300,000 | 282,240 |
| AMERICAN INTL GROUP INC | 25,000 | 28,180 |
| FIFTH THIRD BANCORP | 1,189,211 | 1,160,325 |
| BARCLAYS BANK PLC CPN 3.4 | 400,000 | 417,840 |
| BARCLAYS BANK PLC SR GLBL CPN 12.4 | 500,000 | 524,600 |
| CITIGROUP INC | 1,243,861 | 1,246,894 |
| BANK OF AMERICA PFD 5 | 82,500 | 90,024 |
| HSBC USA INC NEW CPN 10.3 | 500,000 | 552,350 |
| PRUDENTIAL FINANCIAL INC | 12,500 | 13,240 |
| ROYAL BANK OF CANADA | 1,100,000 | 1,092,520 |
| SOCIETE GENRALE | 300,000 | 321,930 |
| TESLA INC | 1,922,617 | 3,881,185 |
| TORONTO DOMINION BANK | 1,500,000 | 1,742,150 |
| SOUTHERN CO | 22,500 | 24,660 |
| SOUTHERN CO (THE) | 107,500 | 115,756 |
| SCHWAB CHARLES CORP NEW | 1,009,636 | 1,015,663 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| ISRAEL BONDS | AT COST | 1,837 | 1,912 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ADMINISTRATIVE EXPENSES | 31 | 0 | 31 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| RETURNED GRANT | 10,000 | 10,000 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FEDERAL EXCISE TAX | 6,040 | 0 | 0 |