| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 1,710 | 1,710 | 0 | 0 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| 15000 ALTRIA GRP INC | 15,312 | 15,212 |
| 25000 BELLSOUTH TELECOM | 25,809 | 22,624 |
| 50000 CISCO INV SR NOTE | 49,087 | 53,299 |
| 50000 CONOCO INC SR NOTE | 53,140 | 55,688 |
| 20000 DELL COMPUTER SR | 19,073 | 21,550 |
| 25000 GOLDMAN SACHS | 25,000 | 27,209 |
| 25000 JOHNSON & JOHNSON | 27,190 | 28,945 |
| 25000 JOHNSON & JOHNSON | 24,786 | 26,886 |
| 25000 MERCK & CO SR NOTE | 25,744 | 26,767 |
| 25000 SYSCO CORP NOTE | 25,199 | 25,501 |
| 20000 TARGET CORP NOTE | 18,906 | 22,611 |
| 30000 TRUSTEES OF PRINCETON | 31,130 | 33,283 |
| 25000 VERIZON | 27,788 | 27,798 |
| 25000 WAL-MART NOTE | 25,452 | 27,200 |
| 50000 WAL-MART NOTE | 50,710 | 52,775 |
| 25000 WYETH SR NOTE | 26,741 | 28,074 |
| 25000 RALSTON PURINA BOND |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| 500 SHS ABBVIE INC | 54,667 | 77,485 |
| 1400 SHS MO ALTRIA GROUP | 33,869 | 56,476 |
| 500 SHS NYL CAPITAL MANAGEMENT | 14,597 | 9,685 |
| 1000 SHS AGNC INVESTMENT CORP | 26,343 | 9,810 |
| 2000 SHS AT&T | 38,248 | 33,560 |
| 1700 SHS BP PLC | 66,164 | 60,180 |
| 1000 SHS ABR ARBOR REALTY TRUST INC | 17,460 | 15,180 |
| 1000 SHS BRITISH AMERN TOBACCO | 37,491 | 29,290 |
| 300 CISCO SYSTEMS | 16,499 | 15,156 |
| 1000 DOW INC | 50,521 | 54,840 |
| 1000 DYNEX CAPITAL | 17,617 | 12,520 |
| 1000 ENBRIDGE INC | 40,288 | 36,020 |
| 700 EXXON MOBILE | 31,036 | 69,986 |
| 500 FIRST ENERGY CORP | 17,856 | 18,330 |
| 800 GSK | 40,111 | 29,648 |
| 500 HASBRO | 30,374 | 25,530 |
| 300 INTEL | 13,771 | 15,075 |
| 1000 IBM | 115,331 | 163,550 |
| 1000 KINDER MORGAN | 16,576 | 17,640 |
| 100 KOHLS | 4,675 | 2,868 |
| 600 KRAFT HEINZ | 16,916 | 22,188 |
| 1000 LUMEN TECH | 37,819 | 1,830 |
| 500 MEDICAL PROPERTIES TRUST | 4,158 | 2,455 |
| 1000 NATURAL RESOURCE PARTNERS | 48,339 | 92,560 |
| 1000 NEW YORK MORTGAGE TRUST | 24,352 | 21,400 |
| 400 NEWELL BRANDS | 5,786 | 3,472 |
| 1000 OMEGA HEALTHCARE | 27,044 | 30,660 |
| 1000 ONEOK INC | 43,123 | 70,220 |
| 1000 PEMBINA PIPELINE | 34,133 | 34,420 |
| 1000 PENNYMAC MORTGAGE INV TR | 15,814 | 14,950 |
| 1000 PHILIP MORRIS INTL | 69,085 | 94,080 |
| 1000 PEIDMONT OFFICE REALTY | 6,634 | 7,110 |
| 100 PIONEER NATURAL RESOURCES | 23,366 | 22,488 |
| 500 PPL CORP | 14,388 | 13,550 |
| 1000 REDWOOD TRUST INC | 17,042 | 7,410 |
| 1123 SABRA HEALTH CARE REIT | 21,791 | 16,025 |
| 2400 STARWOOD PROPERTY TRUST | 56,059 | 50,448 |
| 1000 SUNOCO LTD | 39,730 | 59,930 |
| 250 SHS TWO HARBORS INVESTMENT | 14,892 | 3,483 |
| 1000 VALERO ENERGY CORP | 75,013 | 130,000 |
| 1274 VECTOR GROUP | 10,364 | 14,371 |
| 1000 WILLIAMS COS INC | 23,684 | 34,830 |
| 500 XEROX | 7,792 | 9,165 |
| 1000 SHS B&G FOODS | 23,824 | 10,500 |
| 700 SHS BANK OF NOVA SCOTIA | 36,617 | 34,083 |
| 100 MERCK & CO |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| 500 CEDAR FAIR LTD PARTNERSHIP | AT COST | 29,127 | 19,900 |
| 1000 ENTERPRISE PRODUCTS PSHIP | AT COST | 26,538 | 26,346 |
| 1000 NUSTAR ENERGY LTD PSHIP | AT COST | 52,954 | 18,680 |
| 507 ALPS ALERIAN MLP | AT COST | 22,528 | 21,558 |
| 1000 COHEN & STEERS QUALITY | AT COST | 13,341 | 12,240 |
| 14729 COMMERCE BOND FUND | AT COST | 302,367 | 263,202 |
| 2000 EATON VANCE TAX MANAGED | AT COST | 12,137 | 15,440 |
| 1200 FIRST TR ENERGY | AT COST | 23,556 | 17,376 |
| 11000 FRANKLIN LTD DURATION | AT COST | 103,255 | 68,420 |
| 1400 PIMCO HIGH YIELD | AT COST | 11,018 | 6,986 |
| 1000 TORTOISE ENERGY | AT COST | 65,039 | 28,770 |
| 1000 VIRTUS DIVIDEND INT | AT COST | 13,662 | 12,600 |
| 3940 PIMCO INCOME | AT COST | 48,938 | 41,844 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNT FEES | 64 | 64 | ||
| REGISTRATION FEE | 21 | 21 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| NET K-1'S FROM PTP'S | 156 | 156 |
| Description | Amount |
|---|---|
| CONTRIBUTION OF STOCK | 9,435 |
| NON DIVIDEND DISTRIBUTIONS | 12,854 |
| OTHER ADJUSTMENTS | 3,580 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FEDERAL INCOME TAXES | 2,889 | |||
| FOREIGN INCOME TAXES | 1,363 | 1,363 |