| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 6,650 | 6,650 | 0 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| $250,000 ALLY FINANCIAL INC SENIOR NOTES 8% | 245,980 | 283,938 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| 10,000 SHS ALLIANT ENERGY CORP. | 332,638 | 650,100 |
| 3,500 SHS AT&T INC. | 92,092 | 86,940 |
| 4,500 SHS BRISTOL MYERS SQUIBB | 154,105 | 242,730 |
| 6,000 SHS CONSOLIDATED EDISON, INC. | 196,005 | 595,920 |
| 3,495 SHS GENERAL MOTORS CO | 284,891 | 284,213 |
| 4,000 SHS ROYAL DUTCH SHELL | 190,643 | 293,920 |
| 8,750 SHS ANNALY CAPITAL MANAGEMENT INC. | 333,695 | 195,650 |
| 10,000 SHS XCEL ENERGY INC. | 266,150 | 738,600 |
| 29,000 SHS SFL CORP LTD | 422,985 | 226,490 |
| 2,000 SHS BANK OF NOVA SCOTIA | 117,664 | 147,380 |
| 5,000 SHS EXELON CORPORATION | 114,025 | 217,950 |
| 4,000 SHS FORD MOTOR COMPANY | 36,714 | 52,480 |
| 8,000 SHS PFIZER INCORPORATED | 227,546 | 199,200 |
| 3,000 SHS SOUTHERN COMPANY | 144,194 | 261,600 |
| 620 SHS VIATRIS INC | 7,841 | 7,719 |
| 5,000 SHS BOSTON SCIENTIFIC CORP | 33,052 | 476,750 |
| 3,000 SHS MICROSOFT CORP | 54,227 | 1,450,860 |
| 1,000 SHS APPLE INC | 143,985 | 271,860 |
| 1,000 SHS BOEING COMPANY | 203,155 | 217,120 |
| 1,000 SHS WALT DISNEY CO | 156,655 | 113,770 |
| 1,972 SHS FRANKLIN BSP REALTY TRUST INC | 34,017 | 19,779 |
| 40,000 SHS LLOYDS BANKING GROUP PLC | 93,400 | 212,000 |
| 3,950 LUMEN TECHNOLOGIES INC | 51,943 | 30,692 |
| 5,000 SHS BAYER A G | 73,505 | 54,100 |
| 1,666 SHS CONSTELLATION ENERGY CORP | 48,015 | 588,548 |
| 846 SHS WARNER BROS DISCOVERY INC | 28,825 | 24,382 |
| 2,500 SHS INTEL CORP | 74,345 | 92,250 |
| 2,500 SHS KENVUE INC | 52,379 | 43,125 |
| 10,000 SHS AES CORP. | 122,357 | 143,400 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| 52,563 SHS ADAMS DIVERSIFIED EQUITY FUND | AT COST | 681,552 | 1,225,769 |
| 10,000 SHS COHEN & STEERS INFRASTRUCTURE FUND INC. | AT COST | 193,022 | 241,100 |
| 22,000 UNITS NORTH EUROPEAN OIL ROYALTY TRUST | AT COST | 73,881 | 144,760 |
| 4,000 UNITS ENERGY TRANSFER LP | AT COST | 17,575 | 65,960 |
| 1,666 SHS MIDCAP FINANCIAL INVESTMENT CORP | AT COST | 23,016 | 19,059 |
| 7,000 SHS REAVES UTILITY INCOME FUND | AT COST | 244,215 | 256,060 |
| 4,000 UNITS MPLX LP | AT COST | 46,541 | 213,480 |
| 10,000 SHS NEUBERGER BERMAN ENERGY INFRASTRUCTURE & INCOME FUND | AT COST | 73,956 | 85,000 |
| 8,000 UNITS CHENIERIE ENERGY PARTNERS LP | AT COST | 0 | 427,840 |
| 6,000 UNITS WESTLAKE CHEMICAL PARTNERS LP | AT COST | 0 | 114,000 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| NEW YORK STATE FILING FEE | 750 | 750 | 0 | |
| ROYALTY TRUST EXPENSE | 2,046 | 2,046 | 0 | |
| NONDEDUCTIBLE EXPENSES | 79 | 0 | 0 | |
| PASS THROUGH PTP LOSSES AND EXPENSES - ENERGY TRANSFER LP | 2,749 | 0 | 0 | |
| ADR FEES | 303 | 303 | 0 | |
| ADMINISTRATIVE EXPENSES | 957 | 0 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| ROYALTY INCOME - NORTH EUROPEAN OIL ROYALTY TRUST | 23,797 | 23,797 | 23,797 |
| PASS THROUGH PTP INCOME - MPLX LP | -5,570 | 0 | -5,570 |
| PASS THROUGH PTP INCOME - ENERGY TRANSFER LP | 47 | 0 | 47 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FEDERAL EXCISE TAX | 6,535 | 0 | 0 | |
| FOREIGN WITHHOLDING TAXES | 1,305 | 1,305 | 0 |