2017-10-16T13:20:06-07:00 2016-12-31 KANDEL & COMPANY 6800 Jericho Turnpike Suite 206E Syosset NY 11791 990PF 2016-01-01 237000850 The Brunckhorst Foundation BRUN 5164969195 6800 Jericho Turnpike Syosset NY 11791 Barbara Brunckhorst Trustee 2017-08-31 true Richard Kandel P00167249 5164969195 2016 2022-09-23 18:48:47Z X 113036829 X 6000000 186 186 5154161 5142949 547721 547721 547721 11702068 5690856 32081 32081 40000 10000 30000 35000 31500 3500 704788 2104 6899 1129 818768 41500 68814 6105000 6105000 6923768 41500 6173814 4778300 5649356 169283 457656 457656 3307899 605601 605601 574613 470111 470111 860922 1075576 1092793 18993169 23921633 24260819 79839396 81975425 81233036 5138153 5156643 4916813 108883435 113662645 113036829 910 910 X 108883435 113661735 108883435 113661735 108883435 113662645 108883435 4778300 113661735 113661735 Various Publicly Traded Securities P 2016-01-01 2016-12-31 545980 545980 545980 Various Capital Gain Dist'b P 2016-01-01 2016-12-31 1741 1741 1741 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Inc-7.125%-PFD J 250000 279800 Gulf Power Co-5.6%-PFD A 100000 100028 JP Morgan Chase-5.45%-PFD P 325000 320450 Morgan Stanley-6.875%-PFD F 375000 405600 Morgan Stanley-7.125%-PFD E 375000 421950 Public Storage-5.2%-PFD W 125000 116250 Public Storage-5.2%-PFD X 125000 115500 SCE Trust II-5.1%-PFD G 125000 110800 US Bancorp-5.15%-PFD H 125000 121250 Wells Fargo-5.85%-PFD Q 324701 328120 Home Depot JPM Contingent Income SPX-4.6% 3000000 2886000 Microsoft Corp Allstate Corp-6.625%-Pfd E 125000 129350 Bank of America-6.625%-Pfd BAC.W 125401 128550 Citigroup Inc-6.875%-Pfd L 125000 130900 Commerce Bancshares-6.2%-Pfd B 125000 127200 JP Morgan Chase-6.3%-Pfd W 125000 129800 JP Morgan Chase-6.7%-Pfd T 125000 134350 JP Morgan Chase-6.375%-Pfd I 250000 257300 Morgan Stanley-6.625%-Pfd G 125000 127700 Northern Trust-5.85%-Pfd C 125000 125300 State Street Corp-6%-Pfd E 125000 126500 Wells Fargo & Co-6%-Pfd T 125000 125400 Wells Fargo RL Estate-6.375%-Pfd A 50000 50340 SCE Trust IV-6.25% Pfd 50000 49360 Hormel Foods Nike Inc B Raytheon Co Bank of America-6.25% Pfd Y 125000 127600 Capital One Fin'l-6.2% Pfd F 125000 125300 Charles Schwab-6% Pfd C 125000 126300 JP Morgan Chase-6.1% Pfd AA 125000 126800 JP Morgan Chase-6.125% Pfd Y 125000 126750 JP Morgan Chase-6.15% Pfd BB 125000 127950 Wells Fargo & Co-6% Pfd V 125000 125350 BCS WO Index-6.35%,11/21/19 200000 195200 Caterpillar Inc 106232 111288 Chevron Corp 220267 223630 Citi CI SPX-5.7%,5/11/26 2963893 2820000 Cummins Inc 103058 109336 Deere & Co 96550 113344 GS Plus on SPX,11/30/23 250000 262650 IBM Corp 116911 116193 JP Morgan Chase 202627 250241 Lockheed Martin Corp 233455 224946 Marriott Int'l-CL A 106122 107484 Microsoft Corp 448981 466050 MS DD TRIGJ SPX-1/4/22 450000 450000 United Health Group Inc 101818 112028 Axis Cap Holdings-5.5%-Pfd E 125000 108300 Bank of America-6% Pfd EE 125000 124500 Bank of America-6.2% Pfd CC 125000 126200 Capital One Fin'l-5.2% Pfd G 253506 216800 Capital One Fin'l-6% Pfd B 124956 122550 Capital One Fin'l-6% Pfd H 125000 124500 Citigroup Inc-6.3%-PFD S 125000 126500 Gabelli Div & Inc Tr-G-5.25% 50000 46960 Gabelli Utility Tr-5.375%-Pfd C 125000 118900 Goldman Sachs Group-6.3%-PFD N 125000 130400 National Retail Properties-5.17%-Pfd Q 98046 92440 Public Storage-4.9%-PFD E 125000 105500 Wells Fargo & Co-5.7%-Pfd W 223206 212940 Wells Fargo & Co-5.5%-Pfd X 125000 114550 1075576 1092793 Morgan Stanley Cap Tr-6.45% AT COST DTE Energy Ser-6.5%,12/1/61 AT COST KKR Fin'l Holdings-8.375%,11/15/41 AT COST AB Equity Income-A AT COST JP Morgan Equity Inc A AT COST 250000 354839 AFLAC Inc-5.5%,9/15/52 AT COST 125000 121000 Comcast Corp-5%,12/15/61 AT COST 125000 125400 Entergy Arkansas-4.9%,12/1/52 AT COST 238471 217700 GE Capital Corp-4.875%,10/15/52 AT COST 150000 147540 Nextera-5.125%,11/15/72 AT COST 251600 219800 Stanley Blacker Ser I-5.7%,7/25/52 AT COST 125000 121650 Duke Energy Corp-5.125%,1/15/73 AT COST 125000 119650 Entergy Arkansas-4.75%,6/1/63 AT COST 125000 105050 Entergy Louisiana LLC-4.7%,6/1/63 AT COST 125000 103025 GE Capital Corp-4.7%,5/16/53 AT COST 125000 122800 GE Capital Corp-4.875%,1/29/53 AT COST 125000 122750 Nextera Energy Cap-5%,1/15/73 AT COST 100000 87120 Prudential Fin'l-5.7%,3/15/53 AT COST 125000 123700 Qwest Corp-6.125%,6/1/53 AT COST 178420 158830 WR Berkley Corp-5.625%,4/30/53 AT COST 257659 226100 Zions Bancorp-6.95%,9/15/28 AT COST 253506 278800 Qwest Corp-6.875%,10/1/54 AT COST 125000 121000 Stifel Fin'l-5.375%,12/31/22 AT COST Verizon Communications-5.9%,2/15/54 AT COST 125000 130450 Ishares Select Div ETF AT COST 201313 239139 Unit Ft Cap Str Buy-Write 19 AT COST Hancock Holding-5.95%,6/15/45 AT COST Southern Co-6.25%,10/15/75 AT COST 125000 130500 BOK Financial-5.375%,6/30/56 AT COST 50000 44560 Entergy Arkansas-4.875%,9/1/66 AT COST 214866 190530 Entergy Louisiana LLC-4.875%,9/1/66 AT COST 341789 295820 Entergy Mississippi-4.9%,10/1/66 AT COST 615895 528250 Legg Mason Inc-5.45%,9/15/56 AT COST 125000 108050 Nextera Energy Cap-K-5.25%,6/1/76 AT COST 176285 154560 Southern Co-6.25%,-A,10/1/54 AT COST 251839 218200 Employee Expenses 979 979 Interest & Service Charges 5770 Public Notice 150 150 Payroll Taxes 910 Kandel & Company-Management 35000 31500 0 3500 Barbara Brunckhorst 2700 N Ocean Drive 2604A Riviera Beach FL 33404 Barbara Brunckhorst 2010 Trust 2700 N Ocean Drive 2604A Riviera Beach FL 33404 Excise Tax -'16 56494 Payroll Taxes 2104 2104 Unrelated Business Tax-'15 (Add'l) 233778 Unrelated Business Tax-'16 412412