| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING | 1,950 | 0 | 1,950 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| INTESTMENTS - PARTNERSHIPS | AT COST | 29,222,175 | 29,222,175 |
| UBS 9382 | FMV | 25,675,725 | 28,375,791 |
| UBS 3914 | FMV | 24,067 | 24,067 |
| US TRUST 9190 | FMV | 23,918,970 | 34,989,048 |
| MORGAN STANLEY 0400 | FMV | 979,177 | 1,327,337 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| ESTMATED TAX PAYMENTS | 384,560 | 301,939 | 301,939 |
| ACCRUED INTEREST/DIVIDENDS | 0 | 450 | 450 |
| COLLABORATION CENTER (M1163) | 0 | 2,460,000 | 2,460,000 |
| SWITCH SHARES RECEIVABLE | 0 | 3,114,638 | 3,114,638 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LICENSES & PERMITS | 400 | 0 | 400 | |
| SWITCH - CHARITABLE CONTRIBUTIONS | 288 | 0 | 288 | |
| SWITCH - NONDEDUCTIBLE EXPENSE | 2,129 | 2,129 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| SWITCH | -60,414 | -60,414 | -60,414 |
| SWITCH - 1245 RECAPTURE | 573,989 | 573,989 | 573,989 |
| VARDE SCRATCH & DENT FEEDER | 0 | 0 | 0 |
| VARDE INVESTMENT PARTNERS (OFFSHORE), LTD. | 563,648 | 563,648 | 563,648 |
| UNREALIZED GAIN/LOSS | -4,563 | -4,563 | -4,563 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| BROKER FEES | 4,937 | 4,937 | 0 | |
| MANAGEMENT FEE - UBS 03914 | 3,584 | 3,584 | 0 | |
| MANAGEMENT FEE - US TRUST 9190 | 140,145 | 140,145 | 0 | |
| PROFESSIONAL FEES - EASTERN CAPITAL | 1,573 | 1,573 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAX | 759 | 759 | 0 | |
| FEDERAL INCOME TAX | 78,413 | 78,413 | 0 |