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          <PropertyDesc>NXP SEMICONDUCTORS NV</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2014-08-26</AcquiredDt>
          <SoldDt>2015-11-16</SoldDt>
          <GrossSalesPriceAmt>23247</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>19522</CostOrOtherBasisAmt>
          <GainOrLossAmt>3725</GainOrLossAmt>
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          <PropertyDesc>SKYWORKS SOLUTIONS</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2015-09-06</AcquiredDt>
          <SoldDt>2016-05-05</SoldDt>
          <GrossSalesPriceAmt>13036</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>20190</CostOrOtherBasisAmt>
          <GainOrLossAmt>-7154</GainOrLossAmt>
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        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>WHITEWAVE FOODS CO</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2015-02-24</AcquiredDt>
          <SoldDt>2016-07-01</SoldDt>
          <GrossSalesPriceAmt>14800</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>16344</CostOrOtherBasisAmt>
          <GainOrLossAmt>-1544</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-1544</GainsMinusExcessOrLossesAmt>
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          <PropertyDesc>ANADARKO PETE CORP</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2010-08-06</AcquiredDt>
          <SoldDt>2015-11-16</SoldDt>
          <GrossSalesPriceAmt>18028</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>12711</CostOrOtherBasisAmt>
          <GainOrLossAmt>5317</GainOrLossAmt>
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          <PropertyDesc>CLOVIS ONCOLOGY INC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2015-05-13</AcquiredDt>
          <SoldDt>2015-11-23</SoldDt>
          <GrossSalesPriceAmt>5159</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>16968</CostOrOtherBasisAmt>
          <GainOrLossAmt>-11809</GainOrLossAmt>
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        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>FEDEX CORP.</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2015-09-01</AcquiredDt>
          <SoldDt>2016-07-01</SoldDt>
          <GrossSalesPriceAmt>27597</GrossSalesPriceAmt>
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          <GainOrLossAmt>-6972</GainOrLossAmt>
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          <PropertyDesc>NXP SEMICONDUCTORS NV</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2015-05-02</AcquiredDt>
          <SoldDt>2015-11-16</SoldDt>
          <GrossSalesPriceAmt>7749</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>7858</CostOrOtherBasisAmt>
          <GainOrLossAmt>-109</GainOrLossAmt>
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          <PropertyDesc>SM ENERGY CO</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2016-06-28</AcquiredDt>
          <SoldDt>2016-03-08</SoldDt>
          <GrossSalesPriceAmt>28751</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>26729</CostOrOtherBasisAmt>
          <GainOrLossAmt>2022</GainOrLossAmt>
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        </CapGainsLossTxInvstIncmGrp>
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          <PropertyDesc>WHITING PETROLEUM CORPORATI</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2016-11-07</AcquiredDt>
          <SoldDt>2016-08-15</SoldDt>
          <GrossSalesPriceAmt>16328</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>15855</CostOrOtherBasisAmt>
          <GainOrLossAmt>473</GainOrLossAmt>
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        </CapGainsLossTxInvstIncmGrp>
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          <PropertyDesc>ARES CAPITAL CORP 7.75%</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2010-12-15</AcquiredDt>
          <SoldDt>2015-10-28</SoldDt>
          <GrossSalesPriceAmt>25000</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>24000</CostOrOtherBasisAmt>
          <GainOrLossAmt>1000</GainOrLossAmt>
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          <PropertyDesc>CLOVIS ONCOLOGY INC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2015-07-15</AcquiredDt>
          <SoldDt>2015-11-23</SoldDt>
          <GrossSalesPriceAmt>6449</GrossSalesPriceAmt>
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          <PropertyDesc>FEDEX CORP.</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2015-03-24</AcquiredDt>
          <SoldDt>2016-07-01</SoldDt>
          <GrossSalesPriceAmt>41396</GrossSalesPriceAmt>
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          <PropertyDesc>NXP SEMICONDUCTORS NV</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2015-05-02</AcquiredDt>
          <SoldDt>2016-12-02</SoldDt>
          <GrossSalesPriceAmt>6742</GrossSalesPriceAmt>
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          <GainOrLossAmt>-1116</GainOrLossAmt>
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        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>SM ENERGY CO</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2016-06-30</AcquiredDt>
          <SoldDt>2016-08-15</SoldDt>
          <GrossSalesPriceAmt>17449</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>13448</CostOrOtherBasisAmt>
          <GainOrLossAmt>4001</GainOrLossAmt>
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          <PropertyDesc>WHITING PETROLEUM CORPORATI</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2016-07-25</AcquiredDt>
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          <GrossSalesPriceAmt>8164</GrossSalesPriceAmt>
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          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2011-08-22</AcquiredDt>
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          <GrossSalesPriceAmt>25000</GrossSalesPriceAmt>
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          <PropertyDesc>CLOVIS ONCOLOGY INC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2015-01-10</AcquiredDt>
          <SoldDt>2015-11-23</SoldDt>
          <GrossSalesPriceAmt>2580</GrossSalesPriceAmt>
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          <GainOrLossAmt>-6410</GainOrLossAmt>
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          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2015-03-24</AcquiredDt>
          <SoldDt>2016-12-02</SoldDt>
          <GrossSalesPriceAmt>12990</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>16850</CostOrOtherBasisAmt>
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          <PropertyDesc>NXP SEMICONDUCTORS NV</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2015-04-23</AcquiredDt>
          <SoldDt>2016-12-02</SoldDt>
          <GrossSalesPriceAmt>16856</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>24906</CostOrOtherBasisAmt>
          <GainOrLossAmt>-8050</GainOrLossAmt>
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          <PropertyDesc>SOUTHWEST AIRLINES</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2016-07-01</AcquiredDt>
          <SoldDt>2016-08-19</SoldDt>
          <GrossSalesPriceAmt>21873</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>25437</CostOrOtherBasisAmt>
          <GainOrLossAmt>-3564</GainOrLossAmt>
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          <PropertyDesc>VECTOR GROUP LTD</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2010-06-01</AcquiredDt>
          <SoldDt>2015-09-30</SoldDt>
          <CostOrOtherBasisAmt>3604</CostOrOtherBasisAmt>
          <GainOrLossAmt>-3604</GainOrLossAmt>
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          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2013-09-30</AcquiredDt>
          <SoldDt>2015-10-28</SoldDt>
          <GrossSalesPriceAmt>25000</GrossSalesPriceAmt>
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          <PropertyDesc>CORE-MARK HOLDING CO INC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2015-01-07</AcquiredDt>
          <SoldDt>2015-10-28</SoldDt>
          <GrossSalesPriceAmt>47650</GrossSalesPriceAmt>
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          <GainOrLossAmt>11839</GainOrLossAmt>
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          <PropertyDesc>JUNO THERAPEUTICS, INC.</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2015-01-26</AcquiredDt>
          <SoldDt>2016-01-28</SoldDt>
          <GrossSalesPriceAmt>11104</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>16738</CostOrOtherBasisAmt>
          <GainOrLossAmt>-5634</GainOrLossAmt>
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          <PropertyDesc>NXP SEMICONDUCTORS NV</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2016-07-01</AcquiredDt>
          <SoldDt>2016-12-02</SoldDt>
          <GrossSalesPriceAmt>10114</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>11799</CostOrOtherBasisAmt>
          <GainOrLossAmt>-1685</GainOrLossAmt>
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          <PropertyDesc>SOUTHWEST AIRLINES</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2016-04-26</AcquiredDt>
          <SoldDt>2016-08-19</SoldDt>
          <GrossSalesPriceAmt>14582</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>18460</CostOrOtherBasisAmt>
          <GainOrLossAmt>-3878</GainOrLossAmt>
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        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>COAL</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <SoldDt>2016-03-15</SoldDt>
          <GrossSalesPriceAmt>40000</GrossSalesPriceAmt>
          <GainOrLossAmt>40000</GainOrLossAmt>
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        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>BARCLAYS BK PREFERRED C 7.75</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2010-01-06</AcquiredDt>
          <SoldDt>2016-06-15</SoldDt>
          <GrossSalesPriceAmt>34575</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>32596</CostOrOtherBasisAmt>
          <GainOrLossAmt>1979</GainOrLossAmt>
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        </CapGainsLossTxInvstIncmGrp>
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          <PropertyDesc>CORE-MARK HOLDING CO INC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2015-07-21</AcquiredDt>
          <SoldDt>2015-10-28</SoldDt>
          <GrossSalesPriceAmt>7942</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>6125</CostOrOtherBasisAmt>
          <GainOrLossAmt>1817</GainOrLossAmt>
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        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>JUNO THERAPEUTICS, INC.</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2015-03-24</AcquiredDt>
          <SoldDt>2016-01-28</SoldDt>
          <GrossSalesPriceAmt>2776</GrossSalesPriceAmt>
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          <GainOrLossAmt>-3139</GainOrLossAmt>
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        </CapGainsLossTxInvstIncmGrp>
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          <PropertyDesc>PHILLIPS 66 COM</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2013-07-16</AcquiredDt>
          <SoldDt>2016-03-24</SoldDt>
          <GrossSalesPriceAmt>52623</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>34554</CostOrOtherBasisAmt>
          <GainOrLossAmt>18069</GainOrLossAmt>
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        </CapGainsLossTxInvstIncmGrp>
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          <PropertyDesc>TASER INTERNATIONAL, INC.</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2015-07-30</AcquiredDt>
          <SoldDt>2015-11-16</SoldDt>
          <GrossSalesPriceAmt>8681</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>14239</CostOrOtherBasisAmt>
          <GainOrLossAmt>-5558</GainOrLossAmt>
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        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>BARCLAYS BK PREFERRED C 7.75</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2010-11-17</AcquiredDt>
          <SoldDt>2016-06-15</SoldDt>
          <GrossSalesPriceAmt>15425</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>16116</CostOrOtherBasisAmt>
          <GainOrLossAmt>-691</GainOrLossAmt>
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        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>CORE-MARK HOLDING CO INC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2015-07-21</AcquiredDt>
          <SoldDt>2016-06-07</SoldDt>
          <GrossSalesPriceAmt>18758</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>12251</CostOrOtherBasisAmt>
          <GainOrLossAmt>6507</GainOrLossAmt>
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        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>KINDER MORGAN INC DEL COM</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2011-01-05</AcquiredDt>
          <SoldDt>2016-07-01</SoldDt>
          <GrossSalesPriceAmt>12353</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>23889</CostOrOtherBasisAmt>
          <GainOrLossAmt>-11536</GainOrLossAmt>
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        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>PHILLIPS 66 COM</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2013-07-29</AcquiredDt>
          <SoldDt>2016-03-24</SoldDt>
          <GrossSalesPriceAmt>35082</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>23500</CostOrOtherBasisAmt>
          <GainOrLossAmt>11582</GainOrLossAmt>
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        </CapGainsLossTxInvstIncmGrp>
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          <PropertyDesc>UNDER ARMOUR INC CL A COM</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2014-04-24</AcquiredDt>
          <SoldDt>2016-12-02</SoldDt>
          <GrossSalesPriceAmt>11126</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>7528</CostOrOtherBasisAmt>
          <GainOrLossAmt>3598</GainOrLossAmt>
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        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>BOEING INC.</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2016-07-01</AcquiredDt>
          <SoldDt>2016-03-24</SoldDt>
          <GrossSalesPriceAmt>39222</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>40791</CostOrOtherBasisAmt>
          <GainOrLossAmt>-1569</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-1569</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>CORE-MARK HOLDING CO INC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2015-07-23</AcquiredDt>
          <SoldDt>2016-06-07</SoldDt>
          <GrossSalesPriceAmt>9379</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>5994</CostOrOtherBasisAmt>
          <GainOrLossAmt>3385</GainOrLossAmt>
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        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>KINDER MORGAN INC DEL COM</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2014-02-04</AcquiredDt>
          <SoldDt>2016-07-01</SoldDt>
          <GrossSalesPriceAmt>5357</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>11896</CostOrOtherBasisAmt>
          <GainOrLossAmt>-6539</GainOrLossAmt>
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        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>RAIT FINANCIAL TRUST 8.375%</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2013-05-20</AcquiredDt>
          <SoldDt>2015-08-12</SoldDt>
          <GrossSalesPriceAmt>32344</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>49910</CostOrOtherBasisAmt>
          <GainOrLossAmt>-17566</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-17566</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>UNDER ARMOUR INC CL A COM</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2015-01-26</AcquiredDt>
          <SoldDt>2016-12-02</SoldDt>
          <GrossSalesPriceAmt>11125</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>10559</CostOrOtherBasisAmt>
          <GainOrLossAmt>566</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>566</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>BOEING INC.</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2016-01-26</AcquiredDt>
          <SoldDt>2016-03-24</SoldDt>
          <GrossSalesPriceAmt>26148</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>25417</CostOrOtherBasisAmt>
          <GainOrLossAmt>731</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>731</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>CVS CORP.</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2015-03-24</AcquiredDt>
          <SoldDt>2015-11-16</SoldDt>
          <GrossSalesPriceAmt>23079</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>26271</CostOrOtherBasisAmt>
          <GainOrLossAmt>-3192</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-3192</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>KROGER COMPANY</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2016-07-01</AcquiredDt>
          <SoldDt>2016-04-08</SoldDt>
          <GrossSalesPriceAmt>12863</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>16533</CostOrOtherBasisAmt>
          <GainOrLossAmt>-3670</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-3670</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>RAIT FINANCIAL TRUST 8.875%</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2012-02-14</AcquiredDt>
          <SoldDt>2015-08-12</SoldDt>
          <GrossSalesPriceAmt>5118</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>6398</CostOrOtherBasisAmt>
          <GainOrLossAmt>-1280</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-1280</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>VALERO ENERGY CORP</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2013-03-12</AcquiredDt>
          <SoldDt>2016-12-02</SoldDt>
          <GrossSalesPriceAmt>28639</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>23182</CostOrOtherBasisAmt>
          <GainOrLossAmt>5457</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>5457</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>BOEING INC.</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2016-01-27</AcquiredDt>
          <SoldDt>2016-03-24</SoldDt>
          <GrossSalesPriceAmt>13074</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>11937</CostOrOtherBasisAmt>
          <GainOrLossAmt>1137</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>1137</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>DARDEN RESTAURANTS INC COM</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2016-07-01</AcquiredDt>
          <SoldDt>2016-12-08</SoldDt>
          <GrossSalesPriceAmt>18808</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>18906</CostOrOtherBasisAmt>
          <GainOrLossAmt>-98</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-98</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>KROGER COMPANY</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2016-03-03</AcquiredDt>
          <SoldDt>2016-04-08</SoldDt>
          <GrossSalesPriceAmt>12863</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>15087</CostOrOtherBasisAmt>
          <GainOrLossAmt>-2224</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-2224</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>RAIT FINANCIAL TRUST 8.875%</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2013-07-29</AcquiredDt>
          <SoldDt>2015-08-12</SoldDt>
          <GrossSalesPriceAmt>29005</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>42136</CostOrOtherBasisAmt>
          <GainOrLossAmt>-13131</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-13131</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>VALERO ENERGY CORP</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2013-03-12</AcquiredDt>
          <SoldDt>2016-03-24</SoldDt>
          <GrossSalesPriceAmt>19707</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>13909</CostOrOtherBasisAmt>
          <GainOrLossAmt>5798</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>5798</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>CERNER CORP</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2013-07-16</AcquiredDt>
          <SoldDt>2016-03-24</SoldDt>
          <GrossSalesPriceAmt>41094</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>39714</CostOrOtherBasisAmt>
          <GainOrLossAmt>1380</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>1380</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>DARDEN RESTAURANTS INC COM</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2016-04-26</AcquiredDt>
          <SoldDt>2016-12-08</SoldDt>
          <GrossSalesPriceAmt>12539</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>12794</CostOrOtherBasisAmt>
          <GainOrLossAmt>-255</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-255</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>MACYS INC COM</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2014-12-15</AcquiredDt>
          <SoldDt>2015-11-16</SoldDt>
          <GrossSalesPriceAmt>19019</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>31475</CostOrOtherBasisAmt>
          <GainOrLossAmt>-12456</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-12456</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>SALESFORCE.COM, INC.</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2016-02-18</AcquiredDt>
          <SoldDt>2016-03-24</SoldDt>
          <GrossSalesPriceAmt>28759</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>24938</CostOrOtherBasisAmt>
          <GainOrLossAmt>3821</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>3821</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>VALERO ENERGY CORP</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2015-03-24</AcquiredDt>
          <SoldDt>2016-03-24</SoldDt>
          <GrossSalesPriceAmt>13138</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>12506</CostOrOtherBasisAmt>
          <GainOrLossAmt>632</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>632</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapitalGainNetIncomeAmt>-123784</CapitalGainNetIncomeAmt>
        <NetShortTermCapitalGainLossAmt>-125342</NetShortTermCapitalGainLossAmt>
      </CapGainsLossTxInvstIncmDetail>
      <QlfyUndSect4940eReducedTaxGrp>
        <LiableSection4942TaxInd>false</LiableSection4942TaxInd>
        <AdjustedQlfyDistriYr1Amt>125600</AdjustedQlfyDistriYr1Amt>
        <NetVlNoncharitableAssetsYr1Amt>4049037</NetVlNoncharitableAssetsYr1Amt>
        <DistributionYr1Rt>0.031020</DistributionYr1Rt>
        <AdjustedQlfyDistriYr2Amt>141250</AdjustedQlfyDistriYr2Amt>
        <NetVlNoncharitableAssetsYr2Amt>3912411</NetVlNoncharitableAssetsYr2Amt>
        <DistributionYr2Rt>0.036103</DistributionYr2Rt>
        <AdjustedQlfyDistriYr3Amt>187597</AdjustedQlfyDistriYr3Amt>
        <NetVlNoncharitableAssetsYr3Amt>3708989</NetVlNoncharitableAssetsYr3Amt>
        <DistributionYr3Rt>0.050579</DistributionYr3Rt>
        <AdjustedQlfyDistriYr4Amt>185914</AdjustedQlfyDistriYr4Amt>
        <NetVlNoncharitableAssetsYr4Amt>3723029</NetVlNoncharitableAssetsYr4Amt>
        <DistributionYr4Rt>0.049936</DistributionYr4Rt>
        <AdjustedQlfyDistriYr5Amt>167492</AdjustedQlfyDistriYr5Amt>
        <NetVlNoncharitableAssetsYr5Amt>3644186</NetVlNoncharitableAssetsYr5Amt>
        <DistributionYr5Rt>0.045961</DistributionYr5Rt>
        <TotalDistributionRt>0.213599</TotalDistributionRt>
        <AverageDistributionRt>0.042720</AverageDistributionRt>
        <NetVlNoncharitableAssetsAmt>3770297</NetVlNoncharitableAssetsAmt>
        <AdjNetVlNoncharitableAssetsAmt>161067</AdjNetVlNoncharitableAssetsAmt>
        <NetInvestmentIncomePctAmt>362</NetInvestmentIncomePctAmt>
        <AdjNonchrtblNetInvstIncmPctAmt>161429</AdjNonchrtblNetInvstIncmPctAmt>
        <QualifyingDistributionsAmt>213375</QualifyingDistributionsAmt>
      </QlfyUndSect4940eReducedTaxGrp>
      <ExciseTaxBasedOnInvstIncmGrp>
        <DomesticOrgMeetingSect4940eInd>X</DomesticOrgMeetingSect4940eInd>
        <InvestmentIncomeExciseTaxAmt>362</InvestmentIncomeExciseTaxAmt>
        <SubtotalAmt>362</SubtotalAmt>
        <TaxBasedOnInvestmentIncomeAmt>362</TaxBasedOnInvestmentIncomeAmt>
        <EstimatedPlusOvpmtIncmTxAmt>2461</EstimatedPlusOvpmtIncmTxAmt>
        <TotalPaymentsAndCreditsAmt>2461</TotalPaymentsAndCreditsAmt>
        <OverpaymentAmt>2099</OverpaymentAmt>
        <AppliedToESTaxAmt>2099</AppliedToESTaxAmt>
      </ExciseTaxBasedOnInvstIncmGrp>
      <StatementsRegardingActyGrp>
        <LegislativePoliticalActyInd>false</LegislativePoliticalActyInd>
        <MoreThan100SpentInd>false</MoreThan100SpentInd>
        <Form1120POLFiledInd>false</Form1120POLFiledInd>
        <ActivitiesNotPreviouslyRptInd>false</ActivitiesNotPreviouslyRptInd>
        <ChangesToArticlesOrBylawsInd>false</ChangesToArticlesOrBylawsInd>
        <UnrelatedBusIncmOverLimitInd>false</UnrelatedBusIncmOverLimitInd>
        <OrganizationDissolvedEtcInd>false</OrganizationDissolvedEtcInd>
        <Section508eRqrSatisfiedInd>true</Section508eRqrSatisfiedInd>
        <AtLeast5000InAssetsInd>true</AtLeast5000InAssetsInd>
        <OrgReportOrRegisterStateCd>WY</OrgReportOrRegisterStateCd>
        <Form990PFFiledWithAttyGenInd>true</Form990PFFiledWithAttyGenInd>
        <PrivateOperatingFoundationInd>false</PrivateOperatingFoundationInd>
        <NewSubstantialContributorsInd>false</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>false</OwnControlledEntityInd>
        <DonorAdvisedFundInd>false</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>true</ComplyWithPublicInspRqrInd>
        <WebsiteAddressTxt>N/A</WebsiteAddressTxt>
        <PersonsWithBooksName>
          <BusinessNameLine1Txt>CYPRESS CAPITAL MANAGEMENT</BusinessNameLine1Txt>
        </PersonsWithBooksName>
        <PhoneNum>3076741770</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>50 EAST LOUCKS ST</AddressLine1Txt>
          <CityNm>SHERIDAN</CityNm>
          <StateAbbreviationCd>WY</StateAbbreviationCd>
          <ZIPCd>82801</ZIPCd>
        </LocationOfBooksUSAddress>
        <ForeignAccountsQuestionInd>false</ForeignAccountsQuestionInd>
      </StatementsRegardingActyGrp>
      <StatementsRegardingActy4720Grp>
        <SaleOrExchDisqualifiedPrsnInd>false</SaleOrExchDisqualifiedPrsnInd>
        <BrrwOrLendDisqualifiedPrsnInd>false</BrrwOrLendDisqualifiedPrsnInd>
        <FurnGoodsDisqualifiedPrsnInd>true</FurnGoodsDisqualifiedPrsnInd>
        <PayCompDisqualifiedPrsnInd>true</PayCompDisqualifiedPrsnInd>
        <TransferAstDisqualifiedPrsnInd>false</TransferAstDisqualifiedPrsnInd>
        <PaymentToGovernmentOfficialInd>false</PaymentToGovernmentOfficialInd>
        <ActsFailToQlfyAsExceptionsInd>false</ActsFailToQlfyAsExceptionsInd>
        <UndistributedIncomePYInd>false</UndistributedIncomePYInd>
        <BusinessHoldingsInd>false</BusinessHoldingsInd>
        <JeopardyInvestmentsInd>false</JeopardyInvestmentsInd>
        <UncorrectedPYJeopardyInvstInd>false</UncorrectedPYJeopardyInvstInd>
        <InfluenceLegislationInd>false</InfluenceLegislationInd>
        <InfluenceElectionInd>false</InfluenceElectionInd>
        <GrantsToIndividualsInd>false</GrantsToIndividualsInd>
        <GrantsToOrganizationsInd>false</GrantsToOrganizationsInd>
        <NoncharitablePurposeInd>false</NoncharitablePurposeInd>
        <RcvFndsToPayPrsnlBnftCntrctInd>false</RcvFndsToPayPrsnlBnftCntrctInd>
        <PayPremiumsPrsnlBnftCntrctInd>false</PayPremiumsPrsnlBnftCntrctInd>
        <ProhibitedTaxShelterTransInd>false</ProhibitedTaxShelterTransInd>
      </StatementsRegardingActy4720Grp>
      <OfficerDirTrstKeyEmplInfoGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>FRANK ROTELLINI</PersonNm>
          <USAddress>
            <AddressLine1Txt>PO BOX J</AddressLine1Txt>
            <CityNm>SHERIDAN</CityNm>
            <StateAbbreviationCd>WY</StateAbbreviationCd>
            <ZIPCd>82801</ZIPCd>
          </USAddress>
          <TitleTxt>CO-TRUSTEE</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>3.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>8500</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>WILLIAM B EBZERY</PersonNm>
          <USAddress>
            <AddressLine1Txt>PO BOX J</AddressLine1Txt>
            <CityNm>SHERIDAN</CityNm>
            <StateAbbreviationCd>WY</StateAbbreviationCd>
            <ZIPCd>82801</ZIPCd>
          </USAddress>
          <TitleTxt>CO-TRUSTEE</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>3.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>8500</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>RICHARD M DAVIS JR</PersonNm>
          <USAddress>
            <AddressLine1Txt>PO BOX J</AddressLine1Txt>
            <CityNm>SHERIDAN</CityNm>
            <StateAbbreviationCd>WY</StateAbbreviationCd>
            <ZIPCd>82801</ZIPCd>
          </USAddress>
          <TitleTxt>CO-TRUSTEE</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>3.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>8500</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <CompOfHghstPdCntrctOrNONETxt>NONE</CompOfHghstPdCntrctOrNONETxt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SumOfProgramRelatedInvstGrp>
        <Description1Txt>N/A</Description1Txt>
      </SumOfProgramRelatedInvstGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>3101878</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>420359</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>305476</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>3827713</TotalFMVOfUnusedAssetsAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>3827713</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>57416</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>3770297</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>188515</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>188515</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>362</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>362</TotalTaxAmt>
        <DistributableBeforeAdjAmt>188153</DistributableBeforeAdjAmt>
        <DistributableBeforeDedAmt>188153</DistributableBeforeDedAmt>
        <DistributableAsAdjustedAmt>188153</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <QualifyingDistriPartXIIGrp>
        <ExpensesAndContributionsAmt>213375</ExpensesAndContributionsAmt>
        <QualifyingDistributionsAmt>213375</QualifyingDistributionsAmt>
        <PctSect4940eOrgNetInvstIncmAmt>362</PctSect4940eOrgNetInvstIncmAmt>
        <AdjustedQualifyingDistriAmt>213013</AdjustedQualifyingDistriAmt>
      </QualifyingDistriPartXIIGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>188153</DistributableAsAdjustedAmt>
        <UndistributedIncomePYAmt>183919</UndistributedIncomePYAmt>
        <QualifyingDistributionsAmt>213375</QualifyingDistributionsAmt>
        <AppliedToYear1Amt>183919</AppliedToYear1Amt>
        <AppliedToCurrentYearAmt>29456</AppliedToCurrentYearAmt>
        <UndistributedIncomeCYAmt>158697</UndistributedIncomeCYAmt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <ApplicationSubmissionInfoGrp>
          <RecipientPersonNm>WELCH FOUNDATION</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX J</AddressLine1Txt>
            <CityNm>SHERIDAN</CityNm>
            <StateAbbreviationCd>WY</StateAbbreviationCd>
            <ZIPCd>82801</ZIPCd>
          </RecipientUSAddress>
          <RecipientPhoneNum>3076741770</RecipientPhoneNum>
          <FormAndInfoAndMaterialsTxt>WRITTEN REQUEST</FormAndInfoAndMaterialsTxt>
          <SubmissionDeadlinesTxt>NONE</SubmissionDeadlinesTxt>
          <RestrictionsOnAwardsTxt>NONE</RestrictionsOnAwardsTxt>
        </ApplicationSubmissionInfoGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>BILLINGS CLINIC FOUNDATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 31031</AddressLine1Txt>
            <AddressLine2Txt>2917 10TH AVENUE NORTH</AddressLine2Txt>
            <CityNm>BILLINGS</CityNm>
            <StateAbbreviationCd>MT</StateAbbreviationCd>
            <ZIPCd>591071031</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PUBLIC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITABLE</GrantOrContributionPurposeTxt>
          <Amt>120000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>CENTER FOR A VITAL</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>COMMUNITY</AddressLine1Txt>
            <CityNm>SHERIDAN</CityNm>
            <StateAbbreviationCd>WY</StateAbbreviationCd>
            <ZIPCd>82801</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PUBLIC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITABLE</GrantOrContributionPurposeTxt>
          <Amt>7500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>CHILD ADVOCACY SERVICES</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>429 WEST ALGER STREET</AddressLine1Txt>
            <CityNm>SHERIDAN</CityNm>
            <StateAbbreviationCd>WY</StateAbbreviationCd>
            <ZIPCd>82801</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PUBLIC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITABLE</GrantOrContributionPurposeTxt>
          <Amt>2000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>CHILDREN HORSES AND</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>ADULTS IN PARTNERSHIP</AddressLine1Txt>
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