| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCT FEES | 20,143 | 20,143 | 0 | 0 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| 10861 ACLARIS THERAPEUTICS INC COM | 178,772 | 157,919 |
| 297 NAMYANG DIARY | 43,980 | 49,831 |
| 50,000 JUST EAT TAKEAWAY COM N V REGISTERED SHS | 4,710,214 | 2,755,762 |
| 836 AMOREPACIFIC CORP | 51,406 | 51,465 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| ABRAMS CAPITAL PARTNERS II | AT COST | 3,889,297 | 3,876,246 |
| ACACIA PARTNERS L.P. | AT COST | 26,050,910 | 34,381,625 |
| EAST ROCK FOCUS FUND LP | AT COST | 16,625,390 | 16,543,602 |
| FORESITE CAPITAL FUND III | AT COST | 731,604 | 629,919 |
| KINGSWAY FCI CO INV SPC | AT COST | 4,944,240 | 8,153,136 |
| KINGSWAY FRONTIER CONSUMER INTERNET (FCI) FUND | AT COST | 8,158,332 | 46,943,859 |
| ROUTE ONE OFFSHORE FUND LTD | AT COST | 2,000,000 | 2,000,000 |
| THE KINGSWAY FUND | AT COST | 5,291,551 | 5,291,551 |
| WISHBONE ASSOCIATES | AT COST | 7,565,427 | 9,693,235 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES | 128 | 128 | 0 | 0 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| DONATION REFUND RECEIVABLE | 6,500 | 0 | 0 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| OTHER DEDUCTIONS FROM FLOWTHROUGH | 838,038 | 838,038 | 0 | 0 |
| INVESTMENT INT EXP FROM FLOWTHROUGH | 87,869 | 87,869 | 0 | 0 |
| CUSTODY FEE | 891 | 891 | 0 | 0 |
| NONDEDUCTIBLE EXPENSES FROM FLOWTHROUGH | 237 | 0 | 0 | 0 |
| SERVICE CHARGES | 75 | 75 | 0 | 0 |
| OTHER LOSS FROM PASSTHROUGH | 618,610 | 0 | 0 | 0 |
| OTHER DEDUCTIONS FROM FLOWTHROUGH | 428,020 | 0 | 0 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| FLOW THRU ABRAMS K-1 | -7,066 | -7,066 | |
| FLOW THRU EAST ROCK K-1 | 72,593 | 72,593 | |
| FLOW THRU ACACIA K-1 | -78 | -78 | |
| ABRAMS CAPITAL PARTNERS II LP | 17,501 | 0 | 0 |
| ACACIA PARTNERS LP | 38,185 | 0 | 0 |
| FORESITE III | 2 | 0 | 0 |
| EAST ROCK | 372,332 | 0 | 0 |
| Description | Amount |
|---|---|
| ADJUSTMENT TO RETAINED EARNINGS | 217,414 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAX PAID | 130,382 | 130,382 | 0 | 0 |
| FEDERAL EXCISE TAX PAID | 285,449 | 0 | 0 | 0 |
| NY TAXES | 52,500 | 0 | 0 | 0 |