| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING AND BOOKKEEPING FEES | 49,535 | 44,581 | 4,954 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| 272275 SHS AGROFRESH SOLUTIONS INC. | 1,014,985 | 541,826 |
| 25000 SHS ALLISON TRNASMISSION HOLDINGS INC COM | 1,029,270 | 908,750 |
| 425 SHS AUTOZONE INC COM | 528,434 | 943,376 |
| 17500 SHS CITIGROUP INC COM NEW | 849,254 | 1,056,825 |
| 18282 SHS FRMO CORP COM NEW | 35,553 | 232,181 |
| 445975 SHS DUNDEE BANCORP INC. CL-A SUB VTG | 1,143,770 | 557,628 |
| 18500 SHS ONEX CORP SUB VTG | 859,949 | 1,454,219 |
| 2021 SHS LIBERTY BROADBAND CORP COM SER C | 68,010 | 325,583 |
| 25000 SHS BROOKFIELD ASSET MNGMT INC | 216,397 | 1,509,500 |
| 30000 SHS NEWELL BRANDS INC. | 627,794 | 655,200 |
| 33200 SHS BRESLER & REINER INC. COM | 4,557 | 664 |
| 75460 SHS SAFEGUARD SCIENTIFIC INC COM NEW | 677,084 | 554,631 |
| 35000 SHS BRT REALTY TRUST | 182,532 | 839,650 |
| 44500 SHS TRIMAS CORP COM NEW | 275,402 | 1,646,500 |
| 139987 SHS CARROLS RESTAURANT GROUP INC COM | 647,196 | 414,362 |
| 37500 SHS CBIZ INC COM | 266,257 | 1,467,000 |
| 19126 SHS TRINITY PL HLDGS INC COM | 117,548 | 35,192 |
| 45000 SHS GATES INDUSTRIAL CORPORATION PLC REGISTERED SHS | 583,877 | 715,950 |
| 11750 SHS LENNAR CORP CL A | 557,543 | 1,452,000 |
| 25068 SHS MERIDIAN BK PAOLI PA COM | 372,151 | 921,750 |
| 20520 SHS VERITEX HLDGS INC COM | 510,348 | 816,286 |
| 107500 SHS SEACOR MARINE HLDGS INC COM | 298,481 | 365,500 |
| 27500 SHS KKR & CO INC CL A | 633,493 | 2,048,750 |
| 85000 SHS CENTENNIAL RESOURCE DEV INC CL A COM | 113,037 | 508,300 |
| 42500 SHS ORION ENGINEERED CARBONS SA COM | 785,368 | 780,300 |
| 22500 SHS ALTERA INFRASTRUCTURE LP | 363,739 | 95,175 |
| 1250 SHS LIBERTY BROADBAND CORP COM SER A | 176,833 | 201,125 |
| 15000 SHS COMCAST CORP CL A | 589,316 | 754,950 |
| 3495 SHS CBL & ASSOC PPTYS INC DEP | 372,772 | 109,044 |
| 15000 SHS AXIS CAPITAL HLDGS LTD | 623,356 | 817,050 |
| 6000 SHS IAC/INTERACTIVE CORP | 827,090 | 784,260 |
| 70000 SHS COTY INC COM CL A | 582,429 | 735,000 |
| 1000 SHS KENNEDY-WILSON HLOGS INC COM | 22,324 | 23,880 |
| 25000 SHS NAVIGATOR HOLDINGS LTD | 244,391 | 221,750 |
| 40000 SHS TRANSALTA CORP | 353,482 | 444,800 |
| 7500 SHS WYNDHAM HOTELS & RESORTS INC COM | 526,567 | 672,375 |
| 0 SHS HUTTIG BULIDING PRODS INC. COM | 0 | 143,379 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| DUE FROM BROKER | 18,427 | 281,244 | 281,244 |
| INVESTMENT IN FMZ VENTURES FUND I LP | 248,771 | 491,055 | 491,055 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| NYS FILING FEES | 1,500 | 0 | 1,500 | |
| NON-DEDUCTIBLE EXPENSE FROM CIL & D LLC K-1 | 4 | 0 | 0 | |
| NON-DEDUCTIBLE EXPENSE FROM FMZ VENTURES FUND I LP K-1 | 1,365 | 0 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| ORDINARY LOSS FROM PASSTHROUGH ENTITY | -19,301 | -19,301 | -19,301 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FEDERAL TAXES | 12,500 | 0 | 0 | |
| FOREIGN TAX WITHHELD | 5,368 | 5,368 | 0 |