| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 3,575 | 3,575 | 0 | 0 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| 15000 ALTRIA GRP INC | 15,283 | 15,459 |
| 25000 BELLSOUTH TELECOM | 25,768 | 24,146 |
| 50000 CISCO INV SR NOTE | 49,087 | 51,765 |
| 50000 CONOCO INC SR NOTE | 52,058 | 54,403 |
| 20000 DELL COMPUTER SR | 19,073 | 21,226 |
| 25000 GOLDMAN SACHS | 25,000 | 26,935 |
| 25000 JOHNSON & JOHNSON | 24,786 | 26,188 |
| 25000 JOHNSON & JOHNSON | 26,488 | 27,639 |
| 25000 MERCK & CO SR NOTE | 25,408 | 26,307 |
| 25000 SYSCO CORP NOTE | 25,173 | 25,829 |
| 20000 TARGET CORP NOTE | 18,906 | 22,134 |
| 30000 TRUSTEES OF PRINCETON | 31,027 | 32,338 |
| 25000 VERIZON | 27,225 | 27,975 |
| 50000 WAL-MART NOTE | 50,289 | 51,433 |
| 25000 WAL-MART NOTE | 25,392 | 26,426 |
| 25000 WYETH SR NOTE | 26,469 | 27,995 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| 500 SHS ABBVIE INC | 54,667 | 114,245 |
| 1400 SHS MO ALTRIA GROUP | 33,869 | 80,724 |
| 700 SHS NYL CAPITAL MANAGEMENT | 18,696 | 15,652 |
| 1000 SHS AGNC INVESTMENT CORP | 26,343 | 10,720 |
| 2500 SHS AT&T | 47,502 | 62,100 |
| 1700 SHS BP PLC | 66,164 | 59,041 |
| 1000 SHS ABR ARBOR REALTY TRUST INC | 17,460 | 7,760 |
| 1000 SHS BRITISH AMERN TOBACCO | 37,491 | 56,620 |
| 300 CISCO SYSTEMS | ||
| 1500 DOW INC | 78,308 | 35,070 |
| 1000 DYNEX CAPITAL | 16,496 | 14,010 |
| 1000 ENBRIDGE INC | 40,288 | 47,830 |
| 932 EXXON MOBILE | 54,367 | 112,157 |
| 500 FIRST ENERGY CORP | 17,066 | 22,385 |
| 800 GSK | 40,111 | 39,232 |
| 500 HASBRO | 30,374 | 41,000 |
| 1000 IBM | 115,331 | 296,210 |
| 1000 KINDER MORGAN | 15,799 | 27,490 |
| 300 KOHLS | 9,946 | 6,123 |
| 800 KRAFT HEINZ | 23,481 | 19,400 |
| 500 MEDICAL PROPERTIES TRUST | 3,968 | 2,500 |
| 1000 NATURAL RESOURCE PARTNERS | 38,689 | 104,400 |
| 1000 NEW YORK MORTGAGE TRUST | ||
| 400 NEWELL BRANDS | 5,786 | 1,488 |
| 1000 OMEGA HEALTHCARE | 26,120 | 44,340 |
| 1000 ONEOK INC | 42,817 | 73,500 |
| 1000 PEMBINA PIPELINE | 34,133 | 38,060 |
| 1000 PENNYMAC MORTGAGE INV TR | 15,654 | 12,550 |
| 1000 PHILIP MORRIS INTL | 69,085 | 160,400 |
| 1000 PEIDMONT OFFICE REALTY | 6,018 | 8,340 |
| 500 PPL CORP | 14,388 | 17,510 |
| 1000 REDWOOD TRUST INC | 16,435 | 5,530 |
| 1123 SABRA HEALTH CARE REIT | 21,054 | 21,270 |
| 2400 STARWOOD PROPERTY TRUST | 56,059 | 43,224 |
| 250 SHS TWO HARBORS INVESTMENT | 14,742 | 2,625 |
| 500 VALERO ENERGY CORP | 40,390 | 81,395 |
| 1000 WILLIAMS COS INC | 22,968 | 60,110 |
| 600 XEROX | 9,183 | 1,422 |
| 1000 SHS B&G FOODS | 22,304 | 4,300 |
| 200 ORCHARD ISLAND CAP | 1,715 | 1,440 |
| 500 SIX FLAGS ENTERTAINMENT | 29,427 | 7,670 |
| 1400 SUNOCO LTD PSHIP | 82,494 | 73,374 |
| 200 CONAGRA BRANDS | 5,971 | 3,462 |
| 500 WHIRLPOOL CORP | 50,205 | 36,070 |
| 800 BANK OF NOVA SCOTIA | 41,317 | 58,952 |
| 1000 BRISTOL MYERS | 40,828 | 53,940 |
| 200 MERCK | 15,811 | 21,052 |
| 200 PEPSICO | 29,269 | 28,704 |
| 200 COCA-COLA | 14,198 | 13,982 |
| 300 FORD MOTOR CO | 3,380 | 3,936 |
| 1000 ADAMS TRUST INC | 20,352 | 21,660 |
| 200 SIRUSXM | 4,222 | 3,999 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| 1000 ENTERPRISE PRODUCTS PSHIP | AT COST | 22,298 | 32,060 |
| 300 ALLIANCE RESOURCE PARTNERS | AT COST | 7,439 | 6,969 |
| 507 ALPS ALERIAN MLP | AT COST | 22,416 | 23,839 |
| 1000 COHEN & STEERS QUALITY | AT COST | 13,341 | 11,420 |
| 7371.596 COMMERCE BOND FUND | AT COST | 151,332 | 134,237 |
| 2000 EATON VANCE TAX MANAGED | AT COST | 11,329 | 19,060 |
| 11000 FRANKLIN LTD DURATION | AT COST | 97,406 | 67,650 |
| 1400 PIMCO HIGH YIELD | AT COST | 10,889 | 6,804 |
| 1000 TORTOISE ENERGY | AT COST | 61,317 | 40,900 |
| 1000 VIRTUS DIVIDEND INT | AT COST | 13,662 | 12,890 |
| 3940 PIMCO INCOME | AT COST | 48,938 | 43,302 |
| 500 EAGLE POINT CREDIT COMPANY | AT COST | 3,695 | 2,880 |
| Description | Amount |
|---|---|
| OTHER ADJUSTMENTS | 11,687 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| OFFICE SUPPLIES | 37 | 37 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| NET K-1'S FROM PTP'S | 5,281 | 5,281 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INCOME TAXES | 1,951 |