This document summarizes account activity and holdings for various securities from September 2003 to September 2008. It lists purchases and sales of each security, including share amounts, prices, investments, proceeds, and gains or losses. Overall, it shows mostly losses across the portfolio due to sales during the market downturn in September 2008.

1. Sample Summary
Exhibit 1
ACCOUNT ACTIVITY AND HOLDINGS
PURCHASE SHARE TOTAL SALE SHARE TOTAL
SECURITY ACTION DATE SHARES PRICE INVESTMENT DATE PRICE SHARES PROCEEDS GAIN/LOSS
DEVLOPERS DIVERSIFIED REALTY 7.375% TFR 09/30/03 8000 $24.90 $199,200 01/22/04 $26.03 8,000 $208,240 $9,040
FEDERAL HOME LOAN MORTGAGE SERIES 1384-C TFR 09/30/03 6 $100.99 $645 05/17/04 $0.00 6 $0 ($645)
CS FIRST BOSTON MORTGAGE 2003-17 TFR 09/30/03 2750 $99.56 $273,779 05/26/04 $100.00 2,750 $275,000 $1,221
FEDERAL HOME LOAN MORTGAGE SERIES 2115-JA TFR 09/30/03 1500 $102.72 $154,083 12/15/04 $0.00 1,500 $0 ($154,083)
CIT GROUP 6.50% MATURITY 12/15/2012 TFR 09/30/03 860 $103.11 $88,674 12/15/04 $100.00 860 $86,000 ($2,674)
INDIANA MICHIGAN POWER 6.00% TFR 09/30/03 6600 $26.15 $172,590 01/05/05 $25.43 6,600 $167,812 ($4,778)
MBNA CAPITAL TRUST SERIES D 8.125% TFR 09/30/03 5000 $26.50 $132,500 07/20/05 $26.64 5,000 $133,200 $700
GENERAL MOTORS 8.375% TFR 09/30/03 1430 $104.56 $149,521 04/10/06 $70.25 1,430 $100,458 ($49,063)
GENERAL MOTORS ACDEPTANCE CORP. 7.00% 05/15/2016TFR 09/30/03 1200 $98.84 $118,603 11/02/06 $100.00 1,200 $120,000 $1,397
BS TRUST CERTIFICATES 2001-4 7.00% TFR 09/30/03 2000 $26.38 $52,760 02/23/07 $25.00 2,000 $50,000 ($2,760)
ROCHESTER GAS & ELECTRIC 6.65% TFR 09/30/03 3000 $26.90 $80,700 07/23/07 $25.00 3,000 $75,000 ($5,700)
ROYAL BANK OF SCOTLAND 7.25% TFR 09/30/03 1600 $25.55 $40,880 12/24/07 $23.11 1,600 $36,976 ($3,904)
ABN AMRO CAPITAL TRUST V 5.90% TFR 09/30/03 7000 $24.33 $170,310 09/30/08 $8.96 7,000 $62,720 ($107,590)
ABN AMRO CAPITAL TRUST VI 6.25% TFR 09/30/03 3500 $25.00 $87,500 09/30/08 $8.40 3,500 $29,400 ($58,100)
ABN AMRO MORTGAGE SERIES 2002 TFR 09/30/03 1080 $103.46 $111,732 09/30/08 $34.42 1,080 $37,173 ($74,560)
AMBAC FINANCIAL GROUP 5.95% DEBENTURE TFR 09/30/03 8000 $24.94 $199,520 09/30/08 $5.09 8,000 $40,720 ($158,800)
AMERICAN STRATEGIC INCOME III TFR 09/30/03 20000 $12.42 $248,400 09/30/08 $8.48 20,000 $169,600 ($78,800)
CIT GROUP 6.25% MATURITY 03/15/2013 TFR 09/30/03 1100 $101.82 $112,004 09/30/08 $40.38 1,100 $44,414 ($67,591)
CITIGROUP CAPITAL TRUST IX 6.00% TFR 09/30/03 5000 $25.00 $125,000 09/30/08 $13.88 5,000 $69,400 ($55,600)
GE CAPITAL CORP CORTS 6.00% TFR 09/30/03 8000 $25.29 $202,320 09/30/08 $20.25 8,000 $162,000 ($40,320)
FORD MOTOR COMOPNAY 7.50% TFR 09/30/03 4000 $24.85 $99,400 09/30/08 $0.08 4,000 $330 ($99,070)
FORD MOTOR CREDIT 7.375% TFR 09/30/03 500 $105.18 $52,592 09/30/08 $66.45 500 $33,224 ($19,368)
GENERAL MOTORS 7.375% TFR 09/30/03 8000 $25.19 $201,520 09/30/08 $7.00 8,000 $56,000 ($145,520)
GENERAL MOTORS ACCEPTANCE CORP 7.00% 08/15/2018 TFR 09/30/03 620 $98.61 $61,136 09/30/08 $28.49 620 $17,661 ($43,476)
GENERAL MOTORS ACCEPTANCE CORP. 7.10% 01/15/2015TFR 09/30/03 1000 $103.74 $103,742 09/30/08 $37.75 1,000 $37,754 ($65,988)
LINCOLN NATIONAL CAPITAL VI 6.75% TFR 09/30/03 5600 $25.35 $141,960 09/30/08 $15.90 5,600 $89,040 ($52,920)
MORGAN STANLEY CAPITAL TRUST IV 6.25% TFR 09/30/03 9300 $24.95 $232,035 09/30/08 $11.51 9,300 $107,043 ($124,992)
GOLDMAN SACHS PREFERRED PLUS 6.00% TFR 09/30/03 4300 $24.80 $106,640 09/30/08 $15.06 4,300 $64,758 ($41,882)
JP MORGAN CHASECAPITAL XI 5.875% BUY 10/03/03 756 $24.20 $18,295 04/09/08 $22.30 756 $16,859 ($1,436)
JP MORGAN CHASE CAPITAL XI 5.875 SALE 10/03/03 7244 $24.20 $175,305 09/03/08 $18.08 7,244 $130,972 ($44,333)
LEHMAN BROTHERS TRUST IV 6.375% BUY 10/09/03 5500 $25.00 $137,500 09/30/08 $0.08 5,500 $440 ($137,060)
VEIRZON CAPITAL SATURNS 2004-1 8.125% BUY 12/17/03 7000 $25.00 $175,000 05/08/08 $24.50 7,000 $171,500 ($3,500)
FEDERAL HOME LOAN MORTGAGE SEREIS 2719 6.00% BUY 01/05/04 760 $100.00 $76,000 04/15/05 $0.00 100 $0 ($76,000)
GILMCHER REALTY TRUST 8.125% BUY 01/22/04 2285 $25.00 $57,125 03/28/05 $25.90 2,285 $59,182 $2,057
GILMCHER REALTY TRUST 8.125% SALE 01/22/04 6035 $25.00 $150,875 09/30/08 $10.58 6,035 $63,850 ($87,025)
FORD MOTOR CREDIT 6.00% 03/20/2014 BUY 03/05/04 320 $100.00 $32,000 09/30/08 $45.85 320 $14,673 ($17,327)
WELLS FARGO CAPITAL IX 5.625% BUY 04/02/04 3080 $25.00 $77,000 09/30/08 $18.95 3,080 $58,366 ($18,634)
FORD MOTOR CREDIT 6.85% 05/20/2014 BUY 05/21/04 2750 $100.00 $275,000 09/30/08 $47.15 2,750 $129,663 ($145,338)
FORD MOTOR CREIDT 6.75% 06/20/2014 BUY 06/04/04 650 $100.00 $65,000 09/30/08 $46.50 650 $30,224 ($34,776)
PURCHASE SHARE TOTAL SALE SHARE TOTAL
SECURITY ACTION DATE SHARES PRICE INVESTMENT DATE PRICE SHARES PROCEEDS GAIN/LOSS
FOREST CITY ENTERPRSES 7.375% PREFERRED BUY 07/16/04 3900 $24.37 $95,043 09/30/08 $17.00 3,900 $66,300 ($28,743)

2. Sample Summary
Exhibit 1
ACCOUNT ACTIVITY AND HOLDINGS
ROYAL BANK OF SCOTLAND SERIES M 6.40% BUY 08/19/04 1600 $25.00 $40,000 09/30/08 $9.26 1,600 $14,816 ($25,184)
JP MORGAN CHASE CAPITAL XIV 6.20% BUY 09/28/04 1760 $25.00 $44,000 09/30/08 $19.71 1,760 $34,690 ($9,310)
PARTNER REAL ESTATE LIMITED SERIES D 6.50% BUY 11/10/04 1900 $25.00 $47,500 09/30/08 $16.88 1,900 $32,072 ($15,428)
GENERAL MOTORS ACCEPTANCE CORP. 7.375% BUY 12/17/04 5450 $25.00 $136,250 09/30/08 $8.20 5,450 $44,690 ($91,560)
LEHMAN BROTHERS TRUST VI 6.24% BUY 01/05/05 7700 $25.00 $192,500 09/30/08 $0.11 7,700 $847 ($191,653)
ROYAL BANK OF SCOTLAND SERIES N 6.35% BUY 05/12/05 3000 $25.00 $75,000 09/30/08 $0.10 3,000 $290 ($74,711)
DIGITAL REALITY SERIES B 7.875% BUY 07/20/05 5300 $25.00 $132,500 09/30/08 $19.20 5,300 $101,760 ($30,740)
METLIFE SERIES B 6.50% BUY 07/27/05 1500 $25.38 $38,070 12/29/05 $26.00 1,500 $39,000 $930
METLIFE SERIES B 6.50% SALE 07/27/05 1700 $25.38 $43,146 10/26/07 $24.98 1,700 $42,466 ($680)
UBS CAPITAL X 6.50% BUY 04/12/06 4100 $25.00 $102,500 09/30/08 $18.57 4,100 $76,137 ($26,363)
ROYAL BANK OF SCOTLAND SERIES Q 6.75% BUY 05/25/06 2200 $25.00 $55,000 12/21/06 $26.35 2,200 $57,970 $2,970
ROYAL BANK OF SCOTLAND SERIES Q 6.75% SALE 05/25/06 1800 $25.00 $45,000 12/24/07 $20.92 1,800 $37,656 ($7,344)
AEGON NV 6.875 PREFERRED BUY 06/26/06 2000 $25.00 $50,000 09/30/08 $8.85 2,000 $17,698 ($32,302)
JP MORGAN CHASE CAPITAL XIX 6.625% BUY 09/28/06 900 $25.00 $22,500 03/27/08 $25.00 900 $22,500 $0
JP MORGAN CHASE CAPITAL XIX 6.625% SALE 09/28/06 2100 $25.00 $52,500 09/30/08 $20.80 2,100 $43,680 ($8,820)
COUNTRYWIDE CAPITAL V 7.00% BUY 11/08/06 4800 $25.00 $120,000 09/30/08 $7.95 4,800 $38,160 ($81,840)
UBS CAPITAL XII 6.30% BUY 01/26/07 1800 $25.00 $45,000 09/30/08 $18.78 1,800 $33,804 ($11,196)
CITIGROUP 6.35% PREFERRED BUY 03/06/07 2200 $25.00 $55,000 09/30/08 $13.92 2,200 $30,624 ($24,376)
GE CAPITAL TRUST 6.00% BUY 04/24/07 2600 $25.00 $65,000 09/30/08 $20.32 2,600 $52,832 ($12,168)
PARTNER REAL ESTATE LIMITED SERIES D 6.50% BUY 05/31/07 1216 $24.56 $29,865 09/30/08 $16.88 1,216 $20,526 ($9,339)
ROYAL BANK OF SCOTLAND SERIES S 6.60% BUY 06/28/07 850 $25.00 $21,250 12/24/07 $20.70 350 $7,245 ($14,005)
DEUTSCHE BANK CAPITAL TRUST IX 6.625% BUY 07/20/07 1000 $25.00 $25,000 09/30/08 $15.30 1,000 $15,300 ($9,700)
ROYAL BANK OF SCOTLAND SERIES S 6.60% BUY 08/02/07 3739 $24.43 $91,344 09/30/08 $8.65 4,239 $36,667 ($54,676)
ING GROUP NV 7.375% BUY 10/04/07 1400 $25.00 $35,000 09/30/08 $19.71 1,400 $27,594 ($7,406)
FIFTH THIRD CAPITAL TRUST VI 7.25% BUY 10/30/07 1700 $25.00 $42,500 09/30/08 $9.15 1,700 $15,555 ($26,945)
BANK OF AMERICA PREFERRED 7.25% BUY 11/20/07 1200 $25.00 $30,000 09/30/08 $21.35 1,200 $25,620 ($4,380)
LEHMAN BROTHERS 7.95% BUY 02/12/08 1722 $25.00 $43,050 09/30/08 $0.06 1,722 $103 ($42,947)
CREDIT SUISSE PREFERRED 7.90% BUY 03/28/08 4000 $25.00 $100,000 09/30/08 $20.40 4,000 $81,600 ($18,400)
BARCLAYS BANK 8.125% BUY 04/11/08 567 $25.00 $14,175 09/30/08 $17.10 567 $9,696 ($4,479)
DEUTSCHE BANK CAPITAL TRUST II 6.55% BUY 04/28/08 348 $22.59 $7,861 09/30/08 $14.50 348 $5,046 ($2,815)
CITIGROUP 8.50% PREFERRED BUY 05/13/08 8346 $25.00 $208,650 09/30/08 $17.35 8,348 $144,838 ($63,812)
ALLIANZ SE 8.375% BUY 06/10/08 929 $25.00 $23,225 09/30/08 $20.15 929 $18,719 ($4,506)
BB&T CAPITAL TRUST V 8.95% BUY 09/10/08 1135 $25.00 $28,375 09/30/08 $24.50 1,135 $27,808 ($568)
TOTAL ($2,950,088)
INTEREST, DISTRIBUTIONS AND DIVIDENDS RECEIVED $1,824,597
NET PROFIT/LOSS ($1,125,491)

3. Sample Summary
Exhibit 2 TRANSACTION HISTORY
INTIAL SALE SALE SECURITY
SECURITY ACTION DATE VALUE DATE PROCEEDS GAIN/LOSS CLASSIFICATION SECTOR
JP MORGAN CHASECAPITAL XI 5.875% BUY 10/03/03 $18,295 04/09/08 $16,859 ($1,436) PREFERRED FINANCIAL
LEHMAN BROTHERS TRUST IV 6.375% BUY 10/09/03 $137,500 09/30/08 $440 ($137,060) PREFERRED FINANCIAL
VEIRZON CAPITAL SATURNS 2004-1 8.125% BUY 12/17/03 $175,000 05/08/08 $171,500 ($3,500) PREFERRED FINANCIAL
FEDERAL HOME LOAN MORTGAGE SEREIS 2719 6.00% BUY 01/05/04 $76,000 04/15/05 $0 ($76,000) DEBENTURE FINANCIAL
GILMCHER REALTY TRUST 8.125% BUY 01/22/04 $57,125 03/28/05 $59,182 $2,057 PREFERRED REAL ESTATE
FORD MOTOR CREDIT 6.00% 03/20/2014 BUY 03/05/04 $32,000 09/30/08 $14,673 ($17,327) DEBENTURE FINANCIAL
WELLS FARGO CAPITAL IX 5.625% BUY 04/02/04 $77,000 09/30/08 $58,366 ($18,634) PREFERRED FINANCIAL
FORD MOTOR CREDIT 6.85% 05/20/2014 BUY 05/21/04 $275,000 09/30/08 $129,663 ($145,338) DEBENTURE FINANCIAL
FORD MOTOR CREIDT 6.75% 06/20/2014 BUY 06/04/04 $65,000 09/30/08 $30,224 ($34,776) DEBENTURE FINANCIAL
FOREST CITY ENTERPRSES 7.375% PREFERRED BUY 07/16/04 $95,043 09/30/08 $66,300 ($28,743) PREFERRED REAL ESTATE
ROYAL BANK OF SCOTLAND SERIES M 6.40% BUY 08/19/04 $40,000 09/30/08 $14,816 ($25,184) PREFERRED FINANCIAL
JP MORGAN CHASE CAPITAL XIV 6.20% BUY 09/28/04 $44,000 09/30/08 $34,690 ($9,310) PREFERRED FINANCIAL
PARTNER REAL ESTATE LIMITED SERIES D 6.50% BUY 11/10/04 $47,500 09/30/08 $32,072 ($15,428) PREFERRED REAL ESTATE
GENERAL MOTORS ACCEPTANCE CORP. 7.375% BUY 12/17/04 $136,250 09/30/08 $44,690 ($91,560) PREFERRED FINANCIAL
LEHMAN BROTHERS TRUST VI 6.24% BUY 01/05/05 $192,500 09/30/08 $847 ($191,653) PREFERRED FINANCIAL
ROYAL BANK OF SCOTLAND SERIES N 6.35% BUY 05/12/05 $75,000 09/30/08 $290 ($74,711) PREFERRED FINANCIAL
DIGITAL REALITY SERIES B 7.875% BUY 07/20/05 $132,500 09/30/08 $101,760 ($30,740) PREFERRED REAL ESTATE
METLIFE SERIES B 6.50% BUY 07/27/05 $38,070 12/29/05 $39,000 $930 PREFERRED FINANCIAL
UBS CAPITAL X 6.50% BUY 04/12/06 $102,500 09/30/08 $76,137 ($26,363) PREFERRED FINANCIAL
ROYAL BANK OF SCOTLAND SERIES Q 6.75% BUY 05/25/06 $55,000 12/21/06 $57,970 $2,970 PREFERRED FINANCIAL
AEGON NV 6.875 PREFERRED BUY 06/26/06 $50,000 09/30/08 $17,698 ($32,302) PREFERRED FINANCIAL
JP MORGAN CHASE CAPITAL XIX 6.625% BUY 09/28/06 $22,500 03/27/08 $22,500 $0 PREFERRED FINANCIAL
COUNTRYWIDE CAPITAL V 7.00% BUY 11/08/06 $120,000 09/30/08 $38,160 ($81,840) PREFERRED FINANCIAL
UBS CAPITAL XII 6.30% BUY 01/26/07 $45,000 09/30/08 $33,804 ($11,196) PREFERRED FINANCIAL
CITIGROUP 6.35% PREFERRED BUY 03/06/07 $55,000 09/30/08 $30,624 ($24,376) PREFERRED FINANCIAL
GE CAPITAL TRUST 6.00% BUY 04/24/07 $65,000 09/30/08 $52,832 ($12,168) PREFERRED FINANCIAL
PARTNER REAL ESTATE LIMITED SERIES D 6.50% BUY 05/31/07 $29,865 09/30/08 $20,526 ($9,339) PREFERRED REAL ESTATE
ROYAL BANK OF SCOTLAND SERIES S 6.60% BUY 06/28/07 $21,250 12/24/07 $7,245 ($14,005) PREFERRED FINANCIAL
DEUTSCHE BANK CAPITAL TRUST IX 6.625% BUY 07/20/07 $25,000 09/30/08 $15,300 ($9,700) PREFERRED FINANCIAL
ROYAL BANK OF SCOTLAND SERIES S 6.60% BUY 08/02/07 $91,344 09/30/08 $36,667 ($54,676) PREFERRED FINANCIAL
ING GROUP NV 7.375% BUY 10/04/07 $35,000 09/30/08 $27,594 ($7,406) PREFERRED FINANCIAL
FIFTH THIRD CAPITAL TRUST VI 7.25% BUY 10/30/07 $42,500 09/30/08 $15,555 ($26,945) PREFERRED FINANCIAL
BANK OF AMERICA PREFERRED 7.25% BUY 11/20/07 $30,000 09/30/08 $25,620 ($4,380) PREFERRED FINANCIAL
LEHMAN BROTHERS 7.95% BUY 02/12/08 $43,050 09/30/08 $103 ($42,947) PREFERRED FINANCIAL
CREDIT SUISSE PREFERRED 7.90% BUY 03/28/08 $100,000 09/30/08 $81,600 ($18,400) PREFERRED FINANCIAL
BARCLAYS BANK 8.125% BUY 04/11/08 $14,175 09/30/08 $9,696 ($4,479) PREFERRED FINANCIAL
DEUTSCHE BANK CAPITAL TRUST II 6.55% BUY 04/28/08 $7,861 09/30/08 $5,046 ($2,815) PREFERRED FINANCIAL
CITIGROUP 8.50% PREFERRED BUY 05/13/08 $208,650 09/30/08 $144,838 ($63,812) PREFERRED FINANCIAL
INTIAL SALE SALE SECURITY
SECURITY ACTION DATE VALUE DATE PROCEEDS GAIN/LOSS CLASSIFICATION SECTOR
ALLIANZ SE 8.375% BUY 06/10/08 $23,225 09/30/08 $18,719 ($4,506) PREFERRED FINANCIAL

4. Sample Summary
Exhibit 2 TRANSACTION HISTORY
BB&T CAPITAL TRUST V 8.95% BUY 09/10/08 $28,375 09/30/08 $27,808 ($568) PREFERRED FINANCIAL
JP MORGAN CHASE CAPITAL XI 5.875 SALE 10/03/03 $175,305 09/03/08 $130,972 ($44,333) PREFERRED FINANCIAL
GILMCHER REALTY TRUST 8.125% SALE 01/22/04 $150,875 09/30/08 $63,850 ($87,025) PREFERRED REAL ESTATE
METLIFE SERIES B 6.50% SALE 07/27/05 $43,146 10/26/07 $42,466 ($680) PREFERRED FINANCIAL
ROYAL BANK OF SCOTLAND SERIES Q 6.75% SALE 05/25/06 $45,000 12/24/07 $37,656 ($7,344) PREFERRED FINANCIAL
JP MORGAN CHASE CAPITAL XIX 6.625% SALE 09/28/06 $52,500 09/30/08 $43,680 ($8,820) PREFERRED FINANCIAL
BUY SIDE TRANSACTIONS BY CLASSIFICATION BUY SIDE TRANSACTION BY SECTOR
Sept. 2003 - Sept. 2008 Sept. 2003 - Sept. 2008
Exhibit 2.A Exhibit 2.B
35
40
36
40
30
30
20
20
5
10 4 10 0
0 0
0 0
PREFERREDS BONDS MUNI BONDS MBS FINANCIALS REAL ESTATE AUTOMOTIVE

5. Sample Summary
Exhibit 2 TRANSACTION HISTORY

6. Sample Summary
Exhibit 2 TRANSACTION HISTORY

7. Sample Summary
PORTFOLIO ALLOCATION
Exhibit 3 September 2008
INTIAL ENDING SECURITY % OF
SECURITY VALUE VALUE CLASSIFICATION SECTOR PORTFOLIO
ABN AMRO CAPITAL TRUST V 5.90% $170,310 $62,720 PREFERRED FINANCIAL 2.81%
ABN AMRO CAPITAL TRUST VI 6.25% $87,500 $29,400 PREFERRED FINANCIAL 1.32%
ABN AMRO MORTGAGE SERIES 2002 $111,732 $37,173 DEBENTURE FINANCIAL 1.67%
AMBAC FINANCIAL GROUP 5.95% DEBENTURE $199,520 $40,720 DEBENTURE FINANCIAL 1.83%
AMERICAN STRATEGIC INCOME III $248,400 $169,600 CLOSED END FUND MBS 7.61%
CIT GROUP 6.25% MATURITY 03/15/2013 $112,004 $44,414 DEBENTURE FINANCIAL 1.99%
CITIGROUP CAPITAL TRUST IX 6.00% $125,000 $69,400 PREFERRED FINANCIAL 3.11%
GE CAPITAL CORP CORTS 6.00% $202,320 $162,000 PREFERRED FINANCIAL 7.27%
FORD MOTOR COMOPNAY 7.50% $99,400 $330 PREFERRED AUTOMOTIVE 0.01%
FORD MOTOR CREDIT 7.375% $52,592 $33,224 DEBENTURE FINANCIAL 1.49%
GENERAL MOTORS 7.375% $201,520 $56,000 PREFERRED AUTOMOTIVE 2.51%
GENERAL MOTORS ACCEPTANCE CORP 7.00% 08/15/2018 $61,136 $17,661 DEBENTURE FINANCIAL 0.79%
GENERAL MOTORS ACCEPTANCE CORP. 7.10% 01/15/2015 $103,742 $37,754 DEBENTURE FINANCIAL 1.69%
LINCOLN NATIONAL CAPITAL VI 6.75% $141,960 $89,040 PREFERRED FINANCIAL 4.00%
MORGAN STANLEY CAPITAL TRUST IV 6.25% $232,035 $107,043 PREFERRED FINANCIAL 4.80%
GOLDMAN SACHS PREFERRED PLUS 6.00% $106,640 $64,758 PREFERRED FINANCIAL 2.91%
LEHMAN BROTHERS TRUST IV 6.375% $137,500 $440 PREFERRED FINANCIAL 0.02%
FORD MOTOR CREDIT 6.00% 03/20/2014 $32,000 $14,673 DEBENTURE FINANCIAL 0.66%
WELLS FARGO CAPITAL IX 5.625% $77,000 $58,366 PREFERRED FINANCIAL 2.62%
FORD MOTOR CREDIT 6.85% 05/20/2014 $275,000 $129,663 DEBENTURE FINANCIAL 5.82%
FORD MOTOR CREIDT 6.75% 06/20/2014 $65,000 $30,224 DEBENTURE FINANCIAL 1.36%
FOREST CITY ENTERPRSES 7.375% PREFERRED $95,043 $66,300 PREFERRED REAL ESTATE 2.98%
ROYAL BANK OF SCOTLAND SERIES M 6.40% $40,000 $14,816 PREFERRED FINANCIAL 0.66%
JP MORGAN CHASE CAPITAL XIV 6.20% $44,000 $34,690 PREFERRED FINANCIAL 1.56%
PARTNER REAL ESTATE LIMITED SERIES D 6.50% $47,500 $32,072 PREFERRED REAL ESTATE 1.44%
GENERAL MOTORS ACCEPTANCE CORP. 7.375% $136,250 $44,690 PREFERRED FINANCIAL 2.01%
LEHMAN BROTHERS TRUST VI 6.24% $192,500 $847 PREFERRED FINANCIAL 0.04%
ROYAL BANK OF SCOTLAND SERIES N 6.35% $75,000 $290 PREFERRED FINANCIAL 0.01%
DIGITAL REALITY SERIES B 7.875% $132,500 $101,760 PREFERRED REAL ESTATE 4.57%
UBS CAPITAL X 6.50% $102,500 $76,137 PREFERRED FINANCIAL 3.42%
AEGON NV 6.875 PREFERRED $50,000 $17,698 PREFERRED FINANCIAL 0.79%
COUNTRYWIDE CAPITAL V 7.00% $120,000 $38,160 PREFERRED FINANCIAL 1.71%
UBS CAPITAL XII 6.30% $45,000 $33,804 PREFERRED FINANCIAL 1.52%
CITIGROUP 6.35% PREFERRED $55,000 $30,624 PREFERRED FINANCIAL 1.37%
INTIAL ENDING SECURITY % OF

8. Sample Summary
PORTFOLIO ALLOCATION
Exhibit 3 September 2008
SECURITY VALUE VALUE CLASSIFICATION SECTOR PORTFOLIO
GE CAPITAL TRUST 6.00% $65,000 $52,832 PREFERRED FINANCIAL 2.37%
PARTNER REAL ESTATE LIMITED SERIES D 6.50% $29,865 $20,526 PREFERRED REAL ESTATE 0.92%
DEUTSCHE BANK CAPITAL TRUST IX 6.625% $25,000 $15,300 PREFERRED FINANCIAL 0.69%
ROYAL BANK OF SCOTLAND SERIES S 6.60% $91,344 $36,667 PREFERRED FINANCIAL 1.65%
ING GROUP NV 7.375% $35,000 $27,594 PREFERRED FINANCIAL 1.24%
FIFTH THIRD CAPITAL TRUST VI 7.25% $42,500 $15,555 PREFERRED FINANCIAL 0.70%
BANK OF AMERICA PREFERRED 7.25% $30,000 $25,620 PREFERRED FINANCIAL 1.15%
LEHMAN BROTHERS 7.95% $43,050 $103 PREFERRED FINANCIAL 0.00%
CREDIT SUISSE PREFERRED 7.90% $100,000 $81,600 PREFERRED FINANCIAL 3.66%
BARCLAYS BANK 8.125% $14,175 $9,696 PREFERRED FINANCIAL 0.44%
DEUTSCHE BANK CAPITAL TRUST II 6.55% $7,861 $5,046 PREFERRED FINANCIAL 0.23%
CITIGROUP 8.50% PREFERRED $208,650 $144,838 PREFERRED FINANCIAL 6.50%
ALLIANZ SE 8.375% $23,225 $18,719 PREFERRED FINANCIAL 0.84%
BB&T CAPITAL TRUST V 8.95% $28,375 $27,808 PREFERRED FINANCIAL 1.25%
TOTALS $2,228,393

9. Sample Summary
PORTFOLIO ALLOCATION
Exhibit 4 September 2003
INTIAL ENDING SECURITY % OF
SECURITY VALUE VALUE CLASSIFICATION SECTOR PORTFOLIO
ABN AMRO CAPITAL TRUST V 5.90% $170,310 $62,720 PREFERRED FINANCIAL 4.58%
ABN AMRO CAPITAL TRUST VI 6.25% $87,500 $29,400 PREFERRED FINANCIAL 2.35%
ABN AMRO MORTGAGE SERIES 2002 $111,732 $37,173 DEBENTURE FINANCIAL 3.00%
AMBAC FINANCIAL GROUP 5.95% DEBENTURE $199,520 $40,720 DEBENTURE FINANCIAL 5.36%
INDIANA MICHIGAN POWER 6.00% $172,590 $167,812 DEBENTURE-TAX EXEMPT MUNICIPAL 4.64%
AMERICAN STRATEGIC INCOME III $248,400 $169,600 CLOSED END FUND MBS 6.68%
CIT GROUP 6.25% MATURITY 03/15/2013 $112,004 $44,414 DEBENTURE FINANCIAL 3.01%
CITIGROUP CAPITAL TRUST IX 6.00% $125,000 $69,400 PREFERRED FINANCIAL 3.36%
GE CAPITAL CORP CORTS 6.00% $202,320 $162,000 PREFERRED FINANCIAL 5.44%
CS FIRST BOSTON MORTGAGE 2003-17 $273,779 $275,000 DEBENTURE FINANCIAL 7.36%
DEVLOPERS DIVERSIFIED REALTY 7.375% $199,200 $208,240 PREFERRED REAL ESTATE 5.36%
FEDERAL HOME LOAN MORTGAGE SERIES 1384-C $645 $0 DEBENTURE FINANCIAL 0.02%
FEDERAL HOME LOAN MORTGAGE SERIES 2115-JA $154,083 $0 DEBENTURE FINANCIAL 4.14%
FORD MOTOR COMOPNAY 7.50% $99,400 $330 PREFERRED AUTOMOTIVE 2.67%
FORD MOTOR CREDIT 7.375% $52,592 $33,224 DEBENTURE FINANCIAL 1.41%
GENERAL MOTORS 7.375% $201,520 $56,000 PREFERRED AUTOMOTIVE 5.42%
GENERAL MOTORS 8.375% $149,521 $100,458 DEBENTURE AUTOMOTIVE 4.02%
GENERAL MOTORS ACCEPTANCE CORP 7.00% 08/15/2018 $61,136 $17,661 DEBENTURE FINANCIAL 1.64%
GENERAL MOTORS ACCEPTANCE CORP. 7.10% 01/15/2015 $103,742 $37,754 DEBENTURE FINANCIAL 2.79%
GENERAL MOTORS ACDEPTANCE CORP. 7.00% 05/15/2016 $118,603 $120,000 DEBENTURE FINANCIAL 3.19%
LINCOLN NATIONAL CAPITAL VI 6.75% $141,960 $89,040 PREFERRED FINANCIAL 3.82%
MBNA CAPITAL TRUST SERIES D 8.125% $132,500 $133,200 PREFERRED FINANCIAL 3.56%
MORGAN STANLEY CAPITAL TRUST IV 6.25% $232,035 $107,043 PREFERRED FINANCIAL 6.24%
GOLDMAN SACHS PREFERRED PLUS 6.00% $106,640 $64,758 PREFERRED FINANCIAL 2.87%
ROCHESTER GAS & ELECTRIC 6.65% $80,700 $75,000 DEBENTURE-TAX EXEMPT MUNICIPAL 2.17%
ROYAL BANK OF SCOTLAND 7.25% $40,880 $36,976 PREFERRED FINANCIAL 1.10%
BS TRUST CERTIFICATES 2001-4 7.00% $52,760 $50,000 PREFERRED FINANCIAL 1.42%
CIT GROUP 6.50% MATURITY 12/15/2012 $88,674 $86,000 DEBENTURE FINANCIAL 2.38%
TOTALS $3,719,747

10. Sample Summary
ALLOCATION AND CONCENTRATION COMPARISON
Exhibit 5
SECURITY CLASSIFICATION BEGINNING ALLOCATION ENDING ALLOCATION % CHANGE IN ALLOCATION
PREFERREDS 48.18% 75.09% 55.86%
BONDS 38.34% 17.30% -54.87%
MUNICIPAL BONDS 6.81% 0.00% -100.00%
MORTGAGE BACKED SECURITIES (MBS) 6.68% 7.61% 13.97%
SECTOR BEGINNING WHEIGHTING ENDING WHEIGHTING S&P 500 INDEX WHEIGHTING* DIFFERENCE
FINANCIALS 69.05% 79.96% 13.33% 66.63
REAL ESTATE 5.36% 9.90% 2.62% 7.28
AUTOMOTIVE 12.11% 2.53% 3.51% -0.98
PORTFOLIO ALLOCATION SECTOR WHEIGHTING
Exhibit 5.A Exhibit 5.B
75.09% 69.05% 79.96%
48.18%
38.34%
17.30%
13.33%
6.81% 6.68% 7.61% 12.11% 9.90%
0.00% 2.53% 2.62% 3.51%
5.36%
SEPT. 2003 SEPT. 2008 SEPT. 2003 SEPT. 2008 S&P 500
PREFERREDS BONDS MUNICIPAL BONDS MBS FINANCIALS REAL ESTATE AUTOMOTIVE