| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| 17,500 SH. KIMCO REALTY CORPORATION | 262,675 | 262,675 |
| 29,708 SH. BLUE RIDGE REAL ESTATE COMPANY | 118,832 | 118,832 |
| 31,360 SH. GETTY REALTY CORPORATION | 863,654 | 863,654 |
| 7,741.090 SH. TOCQUEVILLE PHOENIX FUND (FORMERLY DELAFIELD FUND) | 171,156 | 171,156 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| STATE OF ISRAEL BONDS | FMV | 10,000 | 10,000 |
| Description | Amount |
|---|---|
| DECREASE IN UNREALIZED APPRECIATION | 312,515 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ADVERTISEMENT | 160 | 0 | 160 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FEDERAL EXCISE TAX | 1,051 | 0 | 0 |