| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| TELEFONICA SA SPONSORED ADR | 544,850 | 98,569 |
| VALLEY NATL BANCORP | 700,806 | 697,883 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| LEM INVESTMENTS | 2,071,614 | 350,878 | 350,878 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT EXPENSES | 1,378 | 1,378 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| CAPITAL GAIN FROM PASSTHROUGH ENTITY | 416,904 | 416,904 | |
| PORTFOLIO DECUCTIONS FROM PASSTHROUGH ENTITY | -13,684 | -13,684 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| OTHER PAYABLES | 16,000 | 16,000 |
| MARGIN ACCOUNT | 0 | 11,842 |