| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| GRASSI & CO. | 3,783 | 0 | 3,783 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| AMERICAN TOWER CORP NOTE CALL MAKE WHOLE, CONTINOUSLY CALLABLE | 65,771 | 64,130 |
| AMERICAN ELEC PWR INC SER | 64,291 | 63,587 |
| ARES CAPITAL CORP NOTE CALL MAKE WHOLE | 73,126 | 72,325 |
| AUTODESK INC NOTE, CALL MAKE WHOLE | 71,691 | 69,889 |
| BOARDWALK PIPELINES LP NOTE, CALL MAKE WHOLE | 67,244 | 66,171 |
| BOEING CO NOTE CALL MAKE WHOLE | 70,147 | 70,003 |
| BOSTON SCIENTIFIC CORP NOTE | 69,444 | 67,982 |
| CENTERPOINT ENERGY INC NOTE | 30,000 | 30,008 |
| CONSUMERS ENERGY CO BOND, CALL MAKE WHOLE | 69,290 | 67,682 |
| CROWN CASTLE INTL CORP NOTE, CALL MAKE WHOLE | 55,702 | 54,280 |
| DTE ENERGY CO SER F NOTE, CALL MAKE WHOLE | 55,238 | 53,910 |
| ELANCO ANIMAL HEALTH INC SER B NOTE CALL MAKE WHOLE | 59,081 | 58,521 |
| ENTERPRISE PRODS OPER LLC NOTE, CALL MAKE WHOLE | 68,597 | 68,262 |
| EQUINIX INC NOTE, CALL MAKE WHOLE | 73,681 | 72,141 |
| EXPEDIA GROUP INC SER B NOTE, CALL MAKE WHOLE | 71,070 | 69,545 |
| FIDELITY NATL INFORMATION SVCS NOTE | 59,998 | 59,074 |
| GENERAL MOTORS FINL CO INC NOTE | 70,402 | 69,648 |
| GLOBAL PMTS INC NOTE CALL MAKE WHOLE | 73,919 | 71,965 |
| HORMEL FOODS CORP NOTE CALL MAKE WHOLE | 59,989 | 59,545 |
| MARTIN MARIETTA MATLS INC NOTE | 64,992 | 64,772 |
| NETFLIX INC. NOTE CALL MAKE WHOLE | 62,072 | 60,913 |
| NEXTERA ENERGY CORP CAP HOLDINGS INC BOND | 72,095 | 70,442 |
| NVIDIA CORPORATION NOTE CALL MAKE WHOLE | 65,000 | 64,412 |
| ONEOK INC NEW NOTE, CALL MAKE WHOLE | 69,130 | 68,836 |
| TMOBILE USA INC NOTE CALL MAKE WHOLE | 56,374 | 55,317 |
| UNITED RENTALS NORTH AMER INC NOTE | 62,325 | 62,171 |
| VMWARE INC NOTE, CALL MAKE WHOLE | 64,969 | 64,386 |
| VORNADO RLTY L P NOTE CALL MAKE WHOLE | 49,932 | 49,991 |
| WELLS FARGO & CO MTN CALL MAKE WHOLE | 65,000 | 64,279 |
| ZIMMER BIOMET HOLDINGS INC NOTE | 64,857 | 64,828 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| ASSURED GUARANTY LTD. | 393,739 | 502,000 |
| BLACKBERRY LTD | 126,448 | 140,250 |
| BP PLC SPONSORED ADR | 560,117 | 426,080 |
| BRISTOL-MYERS SQUIBB CO. | 362,883 | 436,450 |
| GENIE ENERGY LTD., CLASS B | 232,198 | 64,980 |
| GLAXOSMITHKLINE PLC, SPONS. | 419,666 | 441,000 |
| IDT CORP., CLASS B | 168,256 | 515,171 |
| IDW MEDIA HOLDINGS, INC., CLASS | 18,615 | 3,880 |
| MERCK & CO INC. | 118,764 | 298,896 |
| NEW YORK CMNTY BANCORP, INC. | 559,291 | 488,400 |
| PATTERSON UTI ENERGY, INC. | 498,740 | 608,400 |
| RAFAEL HOLDINGS, INC., CLASS B | 1 | 29,748 |
| TRINITY PL HOLDINGS INC., | 303,128 | 137,393 |
| VOXX INT'L. CORP., CLASS A | 146,841 | 183,060 |
| ZEDGE, INC., CLASS B | 35,926 | 33,048 |
| MBIA INC., | 343,946 | 773,710 |
| ORGANON & CO. | 5,866 | 11,876 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| WINDELS MARX LANE & MITTENDORF, LLP | 2,903 | 0 | 2,903 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FIRST REPUBLIC BANK - FEES | 70 | 70 | 0 | |
| FOREIGN TAX WITHHELD FROM DIVIDENDS PAID ON BP PLC SPONS ADR | 320 | 320 | 0 | |
| FOREIGN TAX WITHHELD FROM DIVIDENDS PAID ON GLAXOSMITHKLINE PLC ADR | 246 | 246 | 0 |
| Description | Amount |
|---|---|
| ACCOUNTING ADJUSTMENT | 9,304 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| KAHN BROTHERS LLC | 44,161 | 44,161 | 0 | |
| NEUBERGER BERMAN | 4,324 | 4,324 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| UNITED STATES TREASURY - FORM 990-PF | 5,364 | 5,364 | 0 |