| Category | Amount |
|---|---|
| N/A | 0 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| AUTONATION INC | 1,337,121 | 2,082,734 |
| LANDS END INC | 2,526,580 | 1,416,520 |
| LOEWS CORPORATION | 118 | 36,446,560 |
| SERITAGE GROWTH PROPERTIES CL A | 1,894,735 | 1,047,494 |
| SEARS HOMETOWN & OUTLET STORES | 210,401 | 210,401 |
| HOFFMAN TOPCO CLASS A UNITS | 5,981,642 | 2,607,976 |
| HOFFMAN TOPCO CLASS B PREFERRED UNITS | 1,687 | 1,687 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| TRANSFORM HOLDCO WARRANTS | AT COST | 847,209 | 51,117 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| PARTNERSHIP RECEIVABLE | 54 | 0 | 0 |
| TRANSFORM SENIOR HOLDINGS JUNE TERM LOAN TRANCHE 1 | 364,584 | 294,490 | 294,490 |
| TRANSFORM HOLDCO RECEIVABLE | 105,965 | 105,965 | |
| DEFICIENCY CLAIM SECOND LIEN | 54,086 | 54,086 | |
| DEFICIENCY CLAIM DOVE LOAN | 8,489 | 8,489 | |
| DEFICIENCY CLAIM MEZZANINE LOAN | 156 | 156 | |
| TRANSFORM HOLDCO TERM LOAN TRANCHE 4 | 121,349 | 121,349 |
| Description | Amount |
|---|---|
| ALTERNATE BASIS OF STOCK RECEIVED | 7,006,852 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| FEDERAL EXCISE TAX REFUND | 127,108 | 127,108 |
| Description | Amount |
|---|---|
| EXCESS OF FAIR MARKET VALUE OVER BASIS OF STOCK CONTRIBUTED | 9,532,481 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| NOTE PAYABLE | 2,700,000 | 4,065,000 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FEDERAL EXCISE TAXES | 252,108 | 0 | 0 | |
| NEW YORK STATE FILING FEES | 750 | 750 | 0 | |
| DELAWARE ANNUAL REPORT FEES | 25 | 25 | 0 |