| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 7,250 | 7,250 | 0 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| JP MORGAN 100% US | 68,925 | 68,925 |
| 500,000 VENEZUELA REPUBLIC | 255,005 | 78,750 |
| 500,000 PETROLEOS DE VENEZUELA S A | 192,505 | 51,270 |
| 500,000 BUENOS AIRES | 158,851 | 320,571 |
| 500,000 BUENOS AIRES | 157,195 | 320,571 |
| 46,990 UKRAINE GOVERNMENT | 40,473 | 27,543 |
| 45,112 UKRAINE GOVERNMENT | 38,860 | 26,594 |
| 39,228 UKRAINE GOVERNMENT | 33,791 | 27,228 |
| 32,690 UKRAINE GOVERNMENT | 28,159 | 18,470 |
| 300,000 ECUADOR REP | 213,476 | 208,541 |
| 3,571 UKRAINE GOVERNMENT | 3,076 | 1,957 |
| 3,571 UKRAINE GOVERNMENT | 3,076 | 1,957 |
| 3,571 UKRAINE GOVERNMENT | 3,076 | 1,957 |
| 3,571 UKRAINE GOVERNMENT | 3,076 | 1,957 |
| 3,571 UKRAINE GOVERNMENT | 3,076 | 1,957 |
| 3,269 UKRAINE GOVERNMENT | 2,816 | 1,766 |
| 3,269 UKRAINE GOVERNMENT | 2,816 | 1,766 |
| 29,421 UKRAINE GOVERNMENT | 25,344 | 16,623 |
| 280,000 UKRAINE CABINET | 182,619 | 215,460 |
| 26,690 UKRAINE GOVERNMENT | 22,991 | 11,010 |
| 26,152 UKRAINE GOVERNMENT | 22,528 | 14,384 |
| 26,152 UKRAINE GOVERNMENT | 22,528 | 14,776 |
| 250,000 VENEZUELA REPUBLIC | 125,005 | 39,375 |
| 22,883 UKRAINE GOVERNMENT | 19,712 | 12,929 |
| 22,883 UKRAINE GOVERNMENT | 19,712 | 12,586 |
| 22,883 UKRAINE GOVERNMENT | 19,712 | 12,586 |
| 19,614 UKRAINE GOVERNMENT | 16,896 | 13,614 |
| 19,614 UKRAINE GOVERNMENT | 16,896 | 11,082 |
| 19,614 UKRAINE GOVERNMENT | 16,896 | 10,788 |
| 13,345 UKRAINE GOVERNMENT | 11,496 | 5,505 |
| 13,345 UKRAINE GOVERNMENT | 11,496 | 5,505 |
| 13,345 UKRAINE GOVERNMENT | 11,496 | 5,505 |
| 13,076 UKRAINE GOVERNMNET | 11,264 | 7,064 |
| 13,076 UKRAINE GOVERNMNET | 11,264 | 9,076 |
| 13,076 UKRAINE GOVERNMNET | 11,264 | 7,064 |
| 12,500 VORNADO REALTY TRUST | 394,710 | 525,500 |
| 11,278 UKRAINE GOVERNMENT | 9,715 | 6,648 |
| 1,000,172 BUENOS AIRES | 791,110 | 641,253 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| 987 VORNADO REALTY TRUST | 15,102 | 17,736 |
| 974 VORNADO REALTY TRUST | 15,327 | 17,503 |
| 680 BANCO SANTANDER S A | 3,337 | 3,101 |
| 569 BANCO SANTANDER S A | 3,016 | 2,595 |
| 51,515 BANCO SANTANDER S A | 372,594 | 234,908 |
| 5,226 VORNADO REALTY TRUST | 70,294 | 93,911 |
| 5,000 VORNADO REALTY TRUST | 79,854 | 89,850 |
| 5,000 VORNADO REALTY TRUST | 78,760 | 89,850 |
| 5,000 VORNADO REALTY TRUST | 76,247 | 89,850 |
| 490 BANCO SANTANDER S A | 20 | 2,234 |
| 421 BANCO SANTANDER S A | 2,775 | 1,920 |
| 4,100 SHARES EMPRESAS ICA SOCIEDAD CONT | 12,940 | 0 |
| 4 SHARES ISIGNS SOLUTIONS INC | 12 | 0 |
| 3,718 VORNADO REALTY TRUST | 58,339 | 66,812 |
| 3,580 VORNADO REALTY TRUST | 57,211 | 64,333 |
| 287 VORNADO REALTY TRUST | 4,488 | 5,157 |
| 28 VORNADO REALTY TRUST | 439 | 503 |
| 2,643 BANCO SANTANDER S A | 0 | 12,052 |
| 100 VORNADO REALTY TRUST | 1,560 | 1,797 |
| 100 VORNADO REALTY TRUST | 1,579 | 1,797 |
| 10,000 VORNADO REALTY TRUST | 182,722 | 179,700 |
| 1,275 BANCO SANTANDER S A | 8,670 | 5,814 |
| 1,247 BANCO SANTANDER S A | 9,377 | 5,686 |
| 1,198 BANCO SANTANDER S A | 10,644 | 5,463 |
| 1,194 BANCO SANTANDER S A | 9,803 | 5,445 |
| 1,121 BANCO SANTANDER S A | 11,244 | 5,112 |
| 1,098 BANCO SANTANDER S A | 10,530 | 5,007 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| INTEREST RECEIVABLE - BONDS | 59,069 | 53,562 | 53,562 |
| INTEREST RECEIVABLE - DEMAND NOTE | 223,272 | 223,272 | 223,272 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| MISCELLANEOUS EXPENSE | 1,269 | 1,269 | 1,269 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAXES | 2,532 | 2,532 | 0 |