| Description of Property | Date Acquired | Cost or Other Basis | Prior Years' Depreciation | Computation Method | Rate / Life (# of years) |
Current Year's Depreciation Expense | Net Investment Income | Adjusted Net Income | Cost of Goods Sold Not Included |
|---|
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| BANK OF MONTREAL INDEX - 0.000 | 50,000 | 47,905 |
| BARCLAYS BANK PLC INDEX - 0.00 | 50,000 | 48,765 |
| BARCLAYS BANK PLC SER A MTN - | 10,000 | 9,997 |
| BNP PARIBAS INDEX-LINKED MTN - | 50,000 | 39,710 |
| CITIGROUP GLOBAL INDEX MKTS - | 50,000 | 49,590 |
| CREDIT SUISSE AG LONDON BRANCH | 50,000 | 48,785 |
| JPMORGAN CHASE FINL INDEX-LINK | 40,000 | 39,976 |
| MORGAN STANLEY - 3.050% - 01/1 | 225,293 | 225,175 |
| MORGAN STANLEY FIN INDEX-LINKE | 50,000 | 50,533 |
| SOCIETE GENERAL MTN - 8.560% - | 40,000 | 39,956 |
| UBS AG LONDON BRANCH MTN - 0.0 | 50,000 | 49,265 |
| UBS AG LONDON BRANCH MTN - 0.0 | 50,000 | 47,730 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| ABERDEEN STD PHYSICAL PRECIOUS | 75,135 | 107,340 |
| BOARDWALK REIT | 46,759 | 86,480 |
| BROADMARK REALTY CAPITAL ORD | 264,943 | 235,750 |
| BSR REAL ESTATE INVESTMENT TRU | 40,655 | 62,300 |
| CAMDEN PPTY TR | 30,495 | 63,431 |
| CROWN CASTLE INTL | 139,825 | 177,429 |
| GLOBAL NET LEASE INC COM | 116,388 | 91,680 |
| HEALTHCARE TRUST OF AMERICA IN | 56,042 | 66,780 |
| INDUSTRIAL LOGISTICS PROPERTIE | 44,911 | 50,100 |
| ISHARES GOLD TR | 405,300 | 609,175 |
| ISHARES S&P U.S. PREFERRED STO | 174,755 | 187,293 |
| ISHARES TR DJ SEL DIVIDEND INX | 127,059 | 171,626 |
| KINDER MORGAN INC | 99,754 | 118,950 |
| MONMOUTH REAL ESTATE INVESTMEN | 67,248 | 108,790 |
| PHYSICIANS REALTY TRUST | 104,784 | 112,980 |
| PROSHARES RUSSELL 2000 DIVIDEN | 805,484 | 1,144,985 |
| SPDR S&P EMERGING MARKETS DIV | 107,362 | 118,920 |
| SPIRIT REALTY CAPITAL, INC | 58,710 | 96,380 |
| STAG INDUSTRIAL INC | 85,295 | 167,860 |
| STORE CAPITAL CORPORATION | 57,900 | 92,880 |
| UMH PROPERTIES, INC | 88,637 | 191,310 |
| VANGUARD FTSE ALL-WLD EX-US SM | 100,783 | 133,960 |
| VANGUARD INTL HIGH DIV YIELD E | 95,299 | 107,472 |
| VENTAS INC | 64,970 | 51,120 |
| W. P. CAREY INC | 48,720 | 57,435 |
| WELLTOWER INC. | 102,930 | 171,540 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| MELVIN CAPITAL OFFSHORE LTD | 250,000 | 257,431 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Administrative Fees | 15,100 | 15,100 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Investment Management Services | 1,204 | 1,204 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| 990-PF Estimated Tax for 2021 | 2,000 | |||
| Foreign Tax Paid | 66 | 66 |