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        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>720SHS TIME WARNER INC</PropertyDesc>
          <AcquiredDt>2014-05-12</AcquiredDt>
          <SoldDt>2015-08-06</SoldDt>
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          <CostOrOtherBasisAmt>47688</CostOrOtherBasisAmt>
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        <CapGainsLossTxInvstIncmGrp>
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          <CostOrOtherBasisAmt>44243</CostOrOtherBasisAmt>
          <GainOrLossAmt>12234</GainOrLossAmt>
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        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>800SHS DAVITA INC</PropertyDesc>
          <AcquiredDt>2013-09-04</AcquiredDt>
          <SoldDt>2015-09-28</SoldDt>
          <GrossSalesPriceAmt>56477</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>43901</CostOrOtherBasisAmt>
          <GainOrLossAmt>12576</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>12576</GainsMinusExcessOrLossesAmt>
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        <CapGainsLossTxInvstIncmGrp>
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          <GrossSalesPriceAmt>28238</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>24042</CostOrOtherBasisAmt>
          <GainOrLossAmt>4196</GainOrLossAmt>
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        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>1,500SHS APACHE CORP</PropertyDesc>
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          <GrossSalesPriceAmt>64649</GrossSalesPriceAmt>
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        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>580SHS FACEBOOK INC</PropertyDesc>
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          <CostOrOtherBasisAmt>23165</CostOrOtherBasisAmt>
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          <GainsMinusExcessOrLossesAmt>37606</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>40SHS FACEBOOK INC</PropertyDesc>
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          <GrossSalesPriceAmt>4191</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>2691</CostOrOtherBasisAmt>
          <GainOrLossAmt>1500</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>1500</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>120SHS FACEBOOK INC</PropertyDesc>
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          <SoldDt>2015-12-28</SoldDt>
          <GrossSalesPriceAmt>12677</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>4793</CostOrOtherBasisAmt>
          <GainOrLossAmt>7884</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>7884</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
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          <SoldDt>2015-04-01</SoldDt>
          <GrossSalesPriceAmt>200000</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>198618</CostOrOtherBasisAmt>
          <GainOrLossAmt>1382</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>1382</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>$300M WAL-MART STORES INC 2.875% 4/1/15</PropertyDesc>
          <AcquiredDt>2010-03-25</AcquiredDt>
          <SoldDt>2015-04-01</SoldDt>
          <GrossSalesPriceAmt>300000</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>299793</CostOrOtherBasisAmt>
          <GainOrLossAmt>207</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>207</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>$200M BERKSHIRE HATHAWAY FIN 2.45% 12/15/15</PropertyDesc>
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          <SoldDt>2015-12-15</SoldDt>
          <GrossSalesPriceAmt>200000</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>200000</CostOrOtherBasisAmt>
          <GainOrLossAmt>0</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>0</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>$500M IBM CORP 2.0% 01/05/16</PropertyDesc>
          <AcquiredDt>2010-12-10</AcquiredDt>
          <SoldDt>2015-12-21</SoldDt>
          <GrossSalesPriceAmt>500131</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>491490</CostOrOtherBasisAmt>
          <GainOrLossAmt>8641</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>8641</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapitalGainNetIncomeAmt>641912</CapitalGainNetIncomeAmt>
        <NetShortTermCapitalGainLossAmt>41517</NetShortTermCapitalGainLossAmt>
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        <LiableSection4942TaxInd>0</LiableSection4942TaxInd>
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        <SubtitleATaxAmt>0</SubtitleATaxAmt>
        <TaxBasedOnInvestmentIncomeAmt>17693</TaxBasedOnInvestmentIncomeAmt>
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          <StateAbbreviationCd>NY</StateAbbreviationCd>
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            <StateAbbreviationCd>NY</StateAbbreviationCd>
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        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>ADA KATZ</PersonNm>
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            <StateAbbreviationCd>NY</StateAbbreviationCd>
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        <OfficerDirTrstKeyEmplGrp>
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        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
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            <CityNm>VIENNA</CityNm>
            <CountryCd>AU</CountryCd>
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          <RecipientFoundationStatusTxt>NC</RecipientFoundationStatusTxt>
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