2014-10-13T15:26:45-07:00 2013-12-31 KANDEL & COMPANY 6800 Jericho Turnpike Suite 206E Syosset NY 11791 990PF 2013-01-01 237000850 The Brunckhorst Foundation BRUN 5164969195 6800 Jericho Turnpike Syosset NY 11791 Barbara Brunckhorst Trustee 2014-09-18 true Richard Kandel P00167249 5164969195 2013 2015-12-30 17:16:21Z X 92337056 X 20209911 1074 1074 3536949 3534300 158966 18901686 158966 23906900 3694340 30000 15000 15000 208006 1675 40 1635 239681 15040 16635 3900000 3900000 4139681 15040 3916635 19767219 3679300 125018 273342 273342 198106 5804997 5804997 173821 79798 79798 1311311 803492 830696 15618150 23918374 26549036 46616979 51058369 52324463 4877376 6763591 6474724 68920761 88701963 92337056 13983 13983 X 68920761 88687980 68920761 88687980 68920761 88701963 68920761 19767219 88687980 88687980 10,000 Brookfield Global Inc P 2011-08-25 2013-10-29 203392 197162 6230 6230 30,257 Unit FT Strategic Div Plus P 2011-01-06 2013-01-22 299432 296515 2917 2917 35,180 John Hancock FDS Str Inc Opp A P 2012-10-12 2013-06-20 384169 400000 -15831 -15831 200,000 CA ST GO 4.85%,10/1/14 P 2010-01-25 2013-04-09 210526 201444 9082 9082 300,000 CA ST GO 4.85%,10/1/14 P 2010-01-25 2013-04-25 316080 302094 13986 13986 500,000 Citigroup Cap VII-7.125%,7/31/31 P 2010-02-18 2013-04-16 500000 461028 38972 38972 20,000 JP Morgan Cap XI-5.875%,6/15/33 P 2010-05-18 2013-05-08 500000 477641 22359 22359 8,000 Aflac inc P 2013-07-10 2013-08-30 459482 493974 -34492 -34492 8,500 Bank of Montreal P 2011-08-23 2013-05-14 515571 519304 -3733 -3733 3,000 Conoco Phillips P 2012-01-09 2013-01-31 172634 174500 -1866 -1866 10,000 Consolidated Edison Inc P 2010-09-02 2013-01-31 564632 528623 36009 36009 2,000 Deere & Co P 2013-05-03 2013-05-15 177236 186492 -9256 -9256 3,500 Home Depot Inc P 2013-05-02 2013-10-17 362745 378027 -15282 -15282 3,000 McDonalds Corp P 2013-04-08 2013-07-22 290577 306905 -16328 -16328 6,500 Merck & Co P 2012-03-12 2013-10-28 292620 254757 37863 37863 5,000 Merck & Co P 2012-06-22 2013-11-01 223165 217092 6073 6073 5,000 Oneok Inc P 2013-01-31 2013-03-06 224535 240106 -15571 -15571 3,000 Phillips 66 P 2013-02-12 2013-04-08 184984 199287 -14303 -14303 2,500 Schlumberger Ltd. P 2013-01-31 2013-03-26 183408 198076 -14668 -14668 8,000 Seadrill Ltd P 2012-01-17 2013-03-25 290079 305373 -15294 -15294 4,000 Seadrill Ltd P 2013-10-07 2013-11-29 169533 177563 -8030 -8030 4,000 Sempra Energy P 2013-01-31 2013-06-04 320729 319164 1565 1565 1,600 Sherwin Williams Co P 2013-05-02 2013-08-27 267214 306396 -39182 -39182 12,500 Southern Co P 2010-09-02 2013-12-26 504579 520979 -16400 -16400 7,000 Statoil ASA ADR P 2011-10-27 2013-03-06 172324 193592 -21268 -21268 1,500 Target Corp P 2013-07-10 2013-08-30 93695 109003 -15308 -15308 4,000 Total Fina Elf SA P 2012-03-13 2013-03-13 198273 218649 -20376 -20376 3,000 Travelers Cos P 2013-05-02 2013-08-01 250758 257926 -7168 -7168 3,000 Unilever PLC P 2010-09-15 2013-01-31 120504 88447 32057 32057 12,000 Unilever PLC P 2010-11-09 2013-10-16 456843 387607 69236 69236 1,300 United Health Group Inc P 2013-10-08 2013-11-11 90725 98580 -7855 -7855 5,000 Bank of America-7.25% Pfd J P 2010-08-11 2013-08-01 125000 122074 2926 2926 5,000 Bank of America-8.2% Pfd P 2010-05-17 2013-05-01 125000 123422 1578 1578 10,000 Bank of America-8.625% Pfd P 2009-01-02 2013-05-28 250000 250000 20,405.1 Deutsche Bank Con't Cap III-7.6% Pfd P 2008-02-12 2013-05-23 552999 507099 45900 45900 5,000 Goldman Sachs Group-Sr B P 2012-01-09 2013-02-04 125672 122831 2841 2841 7,493.993 ING Groep NV-8.5% Pfd P 2008-06-10 2013-05-16 194522 170794 23728 23728 600,000 Allstate Life Global-5.375%,4/30/13 P 2009-02-12 2013-04-30 600000 600000 500,000 American Express Co-5.875%,5/2/13 P 2008-06-09 2013-05-02 500000 500000 200,000 Anheuser Busch Co-4.375%,1/15/13 P 2008-06-13 2013-01-15 200000 200000 100,000 Bank of America-4.875%,1/15/13 P 2008-08-12 2013-01-15 100000 100000 200,000 Bank of America-4.9%,5/1/13 P 2008-08-12 2013-05-01 200000 200000 500,000 Bank of Corp-5.25%,1/30/13 P 2013-03-20 2013-01-30 500000 500000 200,000 Berkshire Hathway-4.625%,10/15/13 P 2009-03-03 2013-10-15 200000 200000 100,000 Carolina Pwr & Lt-5.125%,9/15/13 P 2009-09-16 2013-09-15 100000 100000 100,000 Caterpillar Fin Serv Corp-6.2%,9/30/13 P 2009-02-02 2013-09-30 100000 100000 100.000 Coca Cola HBC Fin-5.125%,9/17/13 P 2009-02-20 2013-09-17 100000 100000 500,000 Conoco Phillips Austral-5.5%,4/15/13 P 2007-10-23 2013-04-15 500000 500000 300,000 Consolidated Edison-4.875%,2/1/13 P 2008-04-01 2013-02-01 300000 300000 500,000 Credit Suisse FB USA-5%,5.15/13 P 2008-06-13 2013-05-15 500000 500000 100,000 Credit Suisse FB USA-5%,8/15/13 P 2013-04-30 2013-08-15 100000 100000 150,000 Daimler Chrysler-6.5%,11/15/13 P 2013-06-17 2013-11-15 150000 150000 200,000 Dell Inc-5.625%,4/15/14 P 2009-04-24 2013-11-29 203786 201030 2756 2756 65,000 Duke Energy Carolinas-5.75%,11/15/13 P 2009-05-04 2013-11-15 65000 65000 1,000,000 GE Capital Corp-5.45%,1/15/13 P 2008-10-03 2013-01-15 1000000 1000000 350,000 Genworth Fin'l-4.95%,10/1/15 P 2010-03-16 2013-09-04 377331 351254 26077 26077 200,000 Goldman Sachs Group-5.25%,10/15/13 P 2009-05-21 2013-10-15 200000 200000 100,000 John Deere Cap Corp-4.9%,9/9/13 P 2009-02-19 2013-09-09 100000 100000 200,000 Medtronics Inc-1.625%,4/15/13 P 2009-02-19 2013-04-15 200000 200000 300,000 Morgan Stanley-4.875%,11/1/22 P 2012-10-19 2013-12-05 303000 306324 -3324 -3324 300,000 Morgan Stanley-5.75%,10/18/16 P 2010-03-17 2013-09-26 331773 311719 20054 20054 100,000 Morgan Stanley-6%,5/13/14 P 2009-05-29 2013-09-26 102593 100285 2308 2308 70,000 NYSE Euronext-4.8%,6/30/13 P 2009-03-16 2013-06-28 70000 70000 200,000 Royal Bank 0f Scotland-5%,11/12./13 P 2008-03-31 2013-11-12 200000 200000 170.000 Walt Disney Co-4.5%,12/15/13 P 2009-02-20 2013-10-01 171391 170317 1074 1074 700,000 Wellpoint Inc-6%,2/15/14 P 2009-05-06 2013-09-05 716870 704265 12605 12605 300,000 Wells Fargo & Co-4.95%,10/16/13 P 2009-02-11 2013-10-16 300000 300000 20,000 Brookfield Global Inc-RTS P 2011-08-25 2013-09-27 7032 7032 7032 Various Fund Distributions P 2012-01-01 2013-12-31 29273 29273 29273 158966 -232085 false 3336630 70378618 0.04741 3333625 66926755 0.04981 3227534 61439803 0.05253 2830998 57498821 0.04924 2801000 55261303 0.05069 0.24967 0.04994 77153893 3852680 36793 3889473 3916635 X 36793 36793 36793 116591 100000 216591 179798 179798 false false false false false false false false true true NY true false false false false true N/A Richard Kandel 5164969195 6800 Jericho Turnpike-Suite 206E Syosset NY 11791 false false false false false false false false false false false false false false false false false false false false false false false false false false Frank Brunckhorst III 1400 Ladue Lane Sarasota FL 33404 Trustee 0.00 0 Barbara Brunckhorst 2700 N Ocean Dr 2604A Riviera Beach FL 34242 Trustee 10.00 0 Richard Todd Stravitz 11 Bridgeway Road Richmond VA 23226 Trustee 0.00 0 NONE NONE 78091485 237340 0 78328825 0 78328825 1174932 77153893 3857695 3857695 36793 36793 3820902 3820902 3820902 3916635 3916635 36793 3879842 3820902 1152192 3916635 1152192 0 2764443 1056459 Barbara Brunckhorst X Sierra Club Foundation 85 Second St-Ste 750 San Francisco CA 94105 N/A Public General Purpose 700000 Planned Parenthood 736 Central Ave Sarasota FL 34236 N/A Public General Purpose 162500 So Environmental Law Ctr 201 West Main St-Ste 14 Charlottesville VA 22902 N/A Public General Purpose 200000 Chesapeake Bay Foundation 6 Herndon Avenue Annapolis MD 21403 N/A Public General Purpose 200000 SPCA of Richmond 2519 Hermitage Road Richmond VA 23220 N/A Public General Purpose 125000 Conservation Fund 1655 N Fort Myers Dr-Ste 1300 Arlington VA 22209 N/A Public General Purpose 175000 Center for Reproductive Rights 120 Wall Street New York NY 10005 N/A Public General Purpose 300000 Environmental Defense Fund 257 Park Ave So New York NY 10010 N/A Public General Purpose 200000 Riverside School 2110 McRae Road Richmond VA 23235 N/A Public General Purpose 75000 Earth Justice 111 S ML King Blvd Tallahassee FL 32301 N/A Public General Purpose 300000 SPCA Tri County Humane Society 21287 Boca Rio Road Boca Raton FL 33433 N/A Public General Purpose 125000 American Rivers 1101 14th Street NW-Ste 1400 Washington DC 20005 N/A Public General Purpose 275000 National Wildlife Foundation 11100 Wildlife Center Drive Reston VA 20190 N/A Public General Purpose 75000 Natural Resources Defense Council 40 West 20th Street New York NY 10011 N/A Public General Purpose 200000 Nature Conservancy 490 Westfield Road Charlottesville VA 22901 N/A Public General Purpose 175000 Suncoast Seabird Sanctuary 18328 Gulf Blvd Indian Shores FL 33785 N/A Public General Purpose 100000 Conservation Foundation of Gulf Coa 224 Dantura Street West Palm Beach FL 33401 N/A Public General Purpose 175000 Nature Conservancy 222 S Westmonte Drive Altamonte Springs FL 32714 N/A Public General Purpose 175000 Planned Parenthood 2300 N Florida Manigo Dr W Palm Beach FL 33409 N/A Public General Purpose 162500 3900000 14 1074 14 3535624 1325 1 158966 3695664 1325 3696989 4 Interest & Dividends on Tax Exempt Securities false false false false false false false false false false X X 1 Barbara Brunckhorst 2010 Trust 2700 N Ocean Dr 2604A Riviera Beach FL 33404 600000 X 2 Lillian Edith Brunckhorst 2002 Tr 6800 Jericho Tpke-Ste 206E Syosset NY 11791 7472190 X 3 Barbara Brunckhorst 2700 N Ocean Dr 2604A Riviera Beach FL 33404 1800000 X 4 Lillian Edith Brunckhorst 2002 Tr 6800 Jericho Tpke-Ste 206E Syosset NY 11791 10337721 X 4 Publicly Traded Stocks & Bonds 10337721 2013-10-07 Kandel & Company 30000 15000 0 15000 Conoco Phillips-5.5%,4/15/13 American Express-5.875%,5/2/13 Anheuser Busch-4.375%,1/15/13 Banc One Corp-5.25%,1/30/13 Bank of America-4.875%,1/15/13 Bank of America-4.9%,5/1/13 Consolidated Edison-4.875%,2/1/13 Credit Suisse-5%,5/15/13 GE Capital Corp-5.45%,1/15/13 Royal Bank of Scotland-5%,11/12/13 Allstate Life Global-5.375%,4/13/13 American Express Co-7.25%, 5/20/14 401984 410516 Bank of America Corp-5.125%, 11/15/14 402756 414432 Barclays Bank-5.2%, 7/10/14 501098 512025 BB&T Corp-5.7%, 4/30/14 300089 305172 Bear Stearns Co-5.7%, 11/15/14 400743 417808 Bellsouth Corp-5.2%, 9/15/14 100508 103261 Berkshire Hathway Inc-4.625%, 10/15/13 Carolina Power & Light-5.125%, 9/15/13 Caterpillar Fin Ser Corp-6.125%, 2/17/14 900774 906309 Caterpillar Fin Ser Corp-6.2%, 9/30/13 CME Group Inc-5.75%. 2/15/14 500564 502930 Coca Cola HBC Fin-5.125%, 9/17/13 Conoco Phillips-4.75%, 2/1/14 50032 50169 Credit Suisse FB USA-5.125%, 1/15/14 200014 200332 Credit Suisse FB USA-5.5%, 8/15/13 Credit Suisse New York-5.5%, 5/1/14 726879 735114 Daimler Chrysler-6.5%, 11/15/13 Dell Inc-5.625%, 4/15/14 Deutsche Telecom-4.875%, 7/8/14 200232 204300 Du Pont EI De Nemou-5.875%, 1/15/14 14012 14025 Duke Energy Carolinas-5.75%, 11/15/13 GE Capital Corp-5.65%, 6/9/14 300789 306792 GE Capital Corp-5.9%, 5/13/14 501976 510115 Glaxo Smithkline Cap-4.375%, 4/15/14 100173 101117 Goldman Sachs Group-5%, 10/1/14 347715 361126 Goldman Sachs Group-5.25%, 10/15/13 Goldman Sachs Group-6%, 5/1/14 200405 203572 Hewlett Packard-6.125%, 5/1/14 100313 100847 HSBC Finance Corp-6.676%, 1/15/21 1456561 1652320 International Paper-5.3%, 4/1/15 201139 210648 John Deere Cap Corp-4.9%, 9/9/13 JP Morgan Chase-4.65%, 6/1/14 775174 788570 JP Morgan Chase-5.125%, 9/15/14 201025 206054 JP Morgan Chase-5.375%, 1/15/14 200009 200322 Medtronics Inc-1.625%, 4/15/13 Mellon Funding-5%, 12/1/14 402367 416056 Merrill Lynch Co-5.3%, 9/30/15 263509 278390 MetLife-5.5%, 6/15/14 501116 511100 Morgan Stanley-6%, 5/13/14 NYSE Euronext-4.8%, 6/28/13 Paccar Inc-6.875%, 2/15/14 200235 201452 Philip Morris-6.875%, 3/17/14 100501 101332 PNC Funding Corp-5.25%, 11/15/15 406790 429544 Potash Corp-5.25%, 5/15/14 145494 147488 Prudential Fin'l-5.1%, 9/20/14 250970 257985 SBC Communications-5.1%, 9/15/14 100519 103187 Staples Inc-9.75%, 1/15/14 60124 60187 Unilever Capital-3.65%, 2/15/14 100051 100371 United Healthcare Group-5%, 8/15/14 250768 257038 US Bank NA Notes-4.95%, 10/30/14 351341 363314 Wachovia Bank-4.8%, 11/1/14 483695 518565 Wachovia Bank-5.25%, 8/1/14 200310 205438 Walt Disney Co-4.5%, 12/15/13 Well Point Inc-6%, 2/15/14 Wells Fargo Co-4.95%, 10/16/13 Western Union Co-6.5%, 2/26/14 160428 161389 American Int'l Group-5.45%,5/18/17 100622 111772 American Int'l Group-5.6%,10/16/16 150586 167122 Bank of America-5.3%,3/15/17 510911 551110 Bank of America-5.75%,8/15/16 207146 220562 Bank of America-5.35%,9/15/15 60877 63620 Bank of America-5.42%,3/15/17 358586 384787 Bank of America-5.625%,10/14/16 102596 111438 Bank of America-6.1%,6/15/17 315597 338277 Bankers Trust NY-7.5%,11/15/15 104683 110680 Barclays Bank-5%,9/22/16 402676 440280 BB &T Corp-5.2%,12/23/15 143079 151271 Berkley WR Corp-5.6%,5/15/15 101635 105560 Capital One Fin'l-5.5%,6/1/15 102276 106210 Citigroup Inc-4.875%,5/7/15 475344 503554 Citigroup Inc-6.01%,1/15/15 177231 184282 Comcast Corp-5.85%,11/15/15 208507 218816 Comerica Bank-5.75%,11/21/16 306178 337524 Compass Bank-6.4%,10/1/17 261527 274887 Countrywide Fin'l-6.25%,5/15/16 104250 110350 Donnelley RR-6.125%,1/15/17 205271 218000 Dresdner Bank-7.25%,9/15/15 519625 540490 Ford Motor Credit-5.625%,9/15/15 100742 107627 Ford Motor Credit-6.625%,8/15/17 312380 347529 Ford Motor Credit-7%,4/15/15 102811 107637 GE Capital Corp-4.375%,9/21/15 404539 423948 GE Capital Corp-5.5%,8/15/15 81979 85552 Genworth Fin'l-4.95%,10/1/15 Goldman Sachs Group-5.125%,1/15/15 203222 208918 Goldman Sachs Group-5.625%,1/15/17 205944 220388 JP Morgan Chase-5.15%,10/1/15 486491 507680 Key Bank NA-4.95%,9/15/15 201208 212742 Key Bank NA-5.45%,3/3/16 101983 108826 MBNA Corp Sr Notes-5%,6/15/15 404033 422532 Merrill Lynch Co-5%,1/15/15 202216 208386 Merrill Lynch Co-6.05%,5/16/16 462733 495099 Merrill Lynch Co-6.4%,8/28/17 103827 115470 Morgan Stanley-5.55%,4/27/17 103021 111552 Morgan Stanley-5.75%,10/18/16 Morgan Stanley-5.95%,12/28/17 316018 342756 Nationwide Fin'l-5.625%,2/13/15 152196 156648 PPL Energy Supply-6.2%,5/15/16 156100 164983 Simon Properties Group-5.75%,12/1/15 206527 216632 Suntrust Banks-5.45%,12/1/17 282300 299830 Transatlantic HL-5.75%,12/15/14 178324 189698 UBS AG Stamford-3.875%,1/15/15 300670 310125 UBS AG Stamford-5.875%,7/15/16 204621 221790 Vodafone Group-5%,9/15/15 205013 213960 Wachovia Bank-4.875%,2/1/15 202517 209140 Wachovia Bank-5%,8/15/15 406351 426568 Wachovia Bank-5.625%,10/15/16 103312 112326 ABN AMRO Bank NV-4.65%,6/4/18 200952 207100 Alcoa Inc-6.75%,7/15/18 213328 225364 American Int'l Group-5.85%,1/16/18 366286 401467 Bank of America-5.65%,5/1/18 209738 227654 Bank of America-6.4%,8/15/19 216072 227734 Barclays Bank-5.125%,1/8/20 308661 332400 Barclays Bank-5.14%,10/14/20 890464 905140 Barclays Bank-6.75%,5/22/19 216693 241340 Citigroup Inc-5.5%,2/15/17 103442 111010 Computer Science-6.5%,3/15/18 107641 114747 Credit Suisse FB USA-4.375%,8/5/20 304385 320679 Credit Suisse FB USA-5.3%,8/13/19 208034 226210 Credit Suisse FB USA-5.4%,1/14/20 268807 277833 Fifth Third Bank-4.5%,6/1/18 53186 56518 Ford Motor Credit-5%,5/15/18 202148 222782 GE Capital Corp-5.625%,5/1/18 106340 114837 Goldman Sachs Group-6.15%,4/1/18 322905 344004 Hartford Fin'l Services-6.3%,3/15/18 106137 115117 HSBC Finance Corp-5%,9/27/20 102904 106907 International Paper-9.375%,5/15/19 239856 262334 Jabil Circuit Inc-5.625%,12/15/20 201160 207500 Jefferies Group-5.125%,4/13/18 102179 108125 JP Morgan Chase-6.3%,4/23/19 110803 118025 Key Bank NA-4.625%,6/15/18 99632 107645 Lincoln National Corp-6.25%,2/15/20 109029 115283 Lloyds TSB Bank-4.875%.1/21/16 100429 106915 Lorillard Tobacco Settle-6.875%,5/1/20 219682 230814 Merrill Lynch-5.7%,5/2/17 205886 222314 Moody's Corp-5.5%,9/1/20 106501 105955 Morgan Stanley-5.625%,9/23/19 210371 227338 Nationwide Fin'l-6.75%,5/15/67 174000 198000 Peabody Morris-6.5%,9/15/20 97224 94725 Pitney Bowes-4.75%,5/15/18 201096 208912 Pitney Bowes-5.6%,3/15/18 209001 215160 Protective Life-6.4%,1/15/18 106306 110834 Royal Bank of Scotland-5.65%,8/24/20 102420 111952 Transocean-6.5%,11/15/20 112411 113680 UBS AG Stamford-5.75%,4/25/18 105345 114615 Weyerhaeuser-7.375%,10/1/19 109211 121239 Credit Suisse FB USA-6%,2/15/18 712612 774495 Alcoa-5.4%,4/15/21 106638 102129 Bank of America-5.49%,3/15/19 219296 221404 Bank of America-6.75%,8/15/19 112445 113873 Barclays Bank-6.05%,12/4/17 215771 224530 Barclays Bank-6.278%,12/29/49 425625 483440 Best Buy-5.5%,3/15/21 100783 100750 BNP Paribas-5%,1/15/21 205476 219398 Century Link Inc-6.45%,6/15/21 223922 208000 Ford Motor Credit-5.875%,8/2/21 114054 113371 Ford Motor Credit-4.25%,9/20/22 205272 200920 GE Capital Corp-5.75%.2/15/23 35410 33114 Goldman Sachs Group-4.85%,5/15/22 53349 51254 Goldman Sachs Group-5%,5/15/22 88011 82645 Goldman Sachs Group-5%,6/15/23 109217 101702 Goldman Sachs Group-6%,12/15/23 59277 53240 Hewlett Packard-4.3%,6/1/21 581305 608130 Hewlett Packard-4.65%,12/9/21 313290 303756 Ingram Micro Inc-5%,8/10/22 520413 498050 Lloyds TSB Bank-6.5%,9/14/20 550763 565750 Morgan Stanlry-5.75%,1/25/21 55184 56563 Morgan Stanlry-4.875%,11/1/22 1142802 1126026 Nordea Bank Reg-S-4.875%,5/13/21 204057 208250 Rabobank Nederland-3.95%,11/9/22 512326 484495 Royal Bank of Scotland-6.4%,10/21/19 105148 115290 Sociele Generale-5.2%,4/15/21 552205 550300 Tyson Foods Inc-4.5%,6/15/22 268580 254542 Weatherford Int'l-4.5%,4/15/22 155573 150945 Weyerhaeuser Co-7.125%,7/15/23 228932 219820 Wyndham Worldwide-4.25%,3/1/22 105163 97597 American Tower-5%,2/15/24 101961 100739 Avon Products-5%,3/15/23 322270 291666 Bank of America-5.2%,5/29/53 256239 220000 Barclays Bank-10.17%,6/21/21 1285929 1334200 Barrick Gold Corp-3.85%,4/1/22 181860 180126 Citigroup Inc-5.95%,1/30/23 315815 277605 Citigroup Inc-3.5%,5/15/23 177732 186358 Citigroup Inc-5.35%,5/29/53 512174 439000 Citigroup Inc-5.5%,9/13/25 265045 263310 Expedia Inc-5.95%,8/15/20 219118 216476 Ford Motor Credit-8.875%,1/15/22 132174 123688 Ford Motor Co Debenture-7.125%,11/15/25 238908 233260 GE Capital Corp-5.55%,3/15/23 59646 54535 Genworth Holdings Inc-4.9%,8/15/23 998682 999500 Goldman Sachs Group-5.25%,8/15/24 225078 207270 Goldman Sachs Group-5.95%,1/15/27 216523 212394 Hewlett Packard-4.375%,9/15/21 217954 213828 Indiana Bell Tel-7.5%,8/15/26 309337 286776 ING Bank NV-5.8%,9/25/25 213327 208290 International Game Tech-5.35%,10/15/23 267361 257395 JP Morgan Chase-6%,8/1/23 200429 191250 Leucadia National Corp-5.5%,10/18/23 509197 499710 Lowes Companies-6.5%,3/15/29 127178 124535 Merrill Lynch Co-6.22%,9/15/26 554515 534635 Morgan Stanley-4.1%,5/22/23 288458 290325 Oneck Inc-4.25%,2/1/22 338829 329259 Pacific Bell-7.125%,3/15/26 248421 239344 Petrobras Global-4.375%,5/20/23 599711 533580 Standard Chartered PLC-5.2%,1/26/24 207044 201280 Staples Inc-4.375%,1/12/23 308734 290622 Suntrust Banks-6%,2/15/26 280713 266503 Verizon Communications-5.15%,9/15/23 260990 268423 Vivendi-4.75%,4/12/22 99871 101020 Wachovia Bank-6.605%,10/1/25 121228 114830 Wynn Las Vegas-5.375%,3/15/22 310483 303000 Xstrata Fin'l Reg-4%,10/25/22 96158 95348 Zions Bancorp-7.2%,8/19/2053 102250 100750 Bank of America-8.2%-Pfd Barclays Bank PLC-8.125%-Pfd 200903 202960 Deutsche Bank-7.6%-PFD ING Group-7.375%-PFD 354580 431800 ING Group-8.5%-PFD Bank of America-8.625%-Pfd Bank of Montreal Bristol Myers Squibb 495596 744100 Consolidated Edison Duke Energy Corp 330868 413991 Southern Co Unilever PLC Verizon Communications 508608 687960 Aegon NV-6.375%-Pfd 236181 234100 Aegon NV-7.25%-Pfd 572188 634250 Bank of America-6.625%-Pfd 118540 125350 Bank of America-7.25%-Pfd Barclays Bank PLC-7.1%-Pfd 98529 100680 Deutsch Bank Ctg't-6.55%-Pfd 121470 124500 HSBC Holding PLC-6.2%-Pfd 590007 617500 A T & T Inc 436169 492240 Dominion Resources Inc 371352 452830 Dow Chemical Co 390268 577200 Dupont EI De Nemours 422736 584730 Glaxo Smithkline PLC 401198 480510 Johnson & Johnson 442129 558699 JP Mprgan Chase 456424 760240 Nextera Energy Inc 398156 599340 Staoil ASA ADR Blackrock Inc 365521 537999 Conoco Phillips Eli Lilly & Co 385308 459000 General Electric 529040 756810 Kimberly Clark Corp 595056 626760 Lockheed Martin Corp 558386 862228 Merck & Co Pfizer Inc 301200 367560 Procter & Gamble 478252 529165 Seadrill Ltd Total SA Spon ADR Wells Fargo & Co 301308 408600 BB&T Corp-5.2%-Pfd F 127006 93750 BB&T Corp-5.625%-Pfd E 125000 101750 BB&T Corp-5.85%-Pfd 234588 193320 Charles Schwab-6%-Pfd B 108761 87960 First Republic Bank-6.7%-Pfd A 125000 118400 Goldman Sachs Group-5.95%-PFD I 383671 320850 Goldman Sachs Group-PFD B JP Morgan Chase-5.5%-Pfd O 248669 205700 PNC Financial Services-5.375%-Pfd O 248620 201100 Public Storage-5.625%-Pfd U 200000 161680 Public Storage-5.75%-Pfd T 125000 105500 Suntrust Banks-5.875%-Pfd E 125000 105000 Wells Fargo Global Notes-5.125%-Pfd 244636 203000 Amazon.Com 104632 139576 Ameren Corp 326616 361600 Apple Inc 316269 392714 Biogen Idec Inc 251650 279572 Blackstone Group LP 140817 189000 Boeing Co 172531 204735 Caterpillar Inc 101173 108972 Chevron Corp 214825 224838 Clorox Co 374229 417420 Costco Wholesale Corp 107724 107118 CSX Corp 100883 115080 Cummins Inc 129029 140970 Deere & Co 102552 109596 Exxon Mobil Corp 98006 111320 Fedex Corp 109967 143770 General Mills 401975 399280 Gilead Science 93925 112650 Honeywell Int'l Inc 103485 109644 HSBC CI SPX 5.5% 3000000 2955000 HSBC Holdings PLC ADR 228610 220520 IBM Corp 189348 187570 Mastercard Inc-Cl A 199952 250638 MetLife Inc 100252 107840 Schlumberger Ltd 99360 108132 Starbucks Corp 99118 101907 Union Pacific Corp 158864 168000 United Technologies Corp 105308 113800 Visa Inc-CL A 115683 133608 Walgreen Co 244801 229760 Whole Foods Markets Inc 169665 173490 BB&T Corp-5.2%-PFD G 125000 94000 Citigroup Inc-5.8%-PFD C 701500 581976 Citigroup Inc-6.875%-PFD K 125000 126700 Citigroup Inc-7.125%-PFD J 250000 259400 Gulf Power Co-5.6%-PFD A 100000 82078 JP Morgan Chase-5.45%-PFD P 325000 263640 Morgan Stanley-6.875%-PFD F 375000 375450 Morgan Stanley-7.125%-PFD F 375000 391500 Public Storage-5.2%-PFD W 125000 94250 Public Storage-5.2%-PFD X 125000 94350 SCE Trust II-5.1%-PFD G 125000 92200 US Bancorp-5.15%-PFD H 125000 99850 Wells Fargo-5.85%-PFD Q 324701 306410 803492 830696 Morgan Stanley Cap Tr-6.45% AT COST 563628 595500 Citigroup Cap VII-7.125% AT COST Corts GS Cap I-6% AT COST 114687 118250 Goldman Sachs-6.125%,11/1/60 AT COST 372813 365400 JP Chase Cap XL-5.875%,6/15/33 AT COST Brookfield Global Inc AT COST 227482 197700 DTE Energy Ser-6.5%,12/1/61 AT COST 250000 241800 KKR Fin'l Holdings-8.375%,11/15/41 AT COST Allianceber Equity Inc A AT COST 250000 277181 John Hancock FDS Str Inc Opp'y A AT COST JP Morgan Equity Inc A AT COST 250000 305266 Affiliated Managers-5.25%,10/15/22 AT COST 125000 127632 AFLAC Inc-5.5%,9/15/52 AT COST 125000 106100 Comcast Corp-5%,12/15/61 AT COST 125000 103200 Entergy Arkansas-4.9%,12/1/52 AT COST 238471 202400 GE Capital Corp-4.875%,10/15/52 AT COST 150000 122520 Nextera-5.125%,11/15/72 AT COST 251600 185000 Stanley Blacker Ser I-5.7%,7/25/52 AT COST 125000 106900 First Trust MLP & Energy AT COST 345350 340170 DWS RREEF GLB Infrastructure-C AT COST 207975 231486 Duke Energy Corp-5.125%,1/15/73 AT COST 125000 103250 Entergy Arkansas-4.75%,6/1/63 AT COST 125000 95500 Entergy Louisiana LLC-4.7%,6/1/63 AT COST 125000 96750 GE Capital Corp-4.7%,5/16/53 AT COST 125000 97100 GE Capital Corp-4.875%,1/29/53 AT COST 125000 101400 KKR Fin'l Holdings-8.375%,11/15/41 AT COST 250000 268100 Nextera Energy Cap-5%,1/15/73 AT COST 100000 73040 Nuveen Conn-2.65%,3/1/15 AT COST 100350 100100 Nuveen Mass-2.65%,3/1/15 AT COST 100500 100300 Prudential Fin'l-5.7%,3/15/53 AT COST 125000 104200 Qwest Corp-6.125%,6/1/53 AT COST 178506 132650 WR Berkley Corp-5.625%,4/30/53 AT COST 257659 206100 Zions Bancorp-6.95%,9/15/28 AT COST 253506 268246 SPDR S&P Dividend AT COST 266403 290480 Vanguard European MSCI ETF AT COST 105255 117600 Unit FT Strategic Div Plus AT COST Unit AAM Balanced 2012-2 AT COST 100143 106017 Unit AAM Inflation Inc Strategy AT COST 99990 99767 Unit AAM Preferred Inc Opp'y 2 Yr AT COST 85677 78132 Unit AAM Hartford Global Div Strat AT COST 199526 218741 Unit Guggenheim MLP 2 AT COST 194070 190746 Filing Fees 1500 1500 Public Notice 135 135 Service Charges 40 40 Unrelated Business Tax Payable 13983 Excise Tax -'13 36793 Unrelated Business Tax-'13 171213