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      <PreparerPersonNm>Richard D Blake</PreparerPersonNm>
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        <GrantsToIndividualsInd>false</GrantsToIndividualsInd>
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        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>GARRY TRAMIEL</PersonNm>
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          <RelatedOrExemptFunctionIncmAmt>599030</RelatedOrExemptFunctionIncmAmt>
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        <TrnsfrOtherAssetNonchrtblEOInd>false</TrnsfrOtherAssetNonchrtblEOInd>
        <SalesOrExchangesOfAssetsInd>false</SalesOrExchangesOfAssetsInd>
        <PurchaseOfAssetsNonchrtblEOInd>false</PurchaseOfAssetsNonchrtblEOInd>
        <RentalOfFacilitiesOthAssetsInd>false</RentalOfFacilitiesOthAssetsInd>
        <ReimbursementArrangementsInd>false</ReimbursementArrangementsInd>
        <LoansOrLoanGuaranteesInd>false</LoansOrLoanGuaranteesInd>
        <PerformanceOfServicesEtcInd>false</PerformanceOfServicesEtcInd>
        <SharingOfFacilitiesEtcInd>false</SharingOfFacilitiesEtcInd>
        <RelationshipsNonchrtblEOInd>false</RelationshipsNonchrtblEOInd>
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        <CategoryTxt>ACCOUNTING</CategoryTxt>
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        <NetInvestmentIncomeAmt>3700</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>3700</AdjustedNetIncomeAmt>
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    </AccountingFeesSchedule>
    <InvestmentsCorpStockSchedule documentId="InvestmentsCorpStockSchedule" softwareId="13000170" softwareVersion="2013v3.1">
      <InvestmentsCorporateStockGrp>
        <StockNm>CITIGROUP INC</StockNm>
        <EOYBookValueAmt>286479</EOYBookValueAmt>
        <EOYFMVAmt>526311</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>DDR CORP COM</StockNm>
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        <EOYFMVAmt>159233</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>HSBC HOLDINGS PLC SPON</StockNm>
        <EOYBookValueAmt>436675</EOYBookValueAmt>
        <EOYFMVAmt>551300</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>MEDICAL PROPERTIES TRUST INC</StockNm>
        <EOYBookValueAmt>179400</EOYBookValueAmt>
        <EOYFMVAmt>244400</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>PHILLIPS 66 COM</StockNm>
        <EOYBookValueAmt>438878</EOYBookValueAmt>
        <EOYFMVAmt>979551</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>RETAIL PPTYS AMER CL-A</StockNm>
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        <EOYFMVAmt>27984</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>SUNCOR ENERGY INC</StockNm>
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        <EOYFMVAmt>291266</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>AEGON NV 8%</StockNm>
        <EOYBookValueAmt>130163</EOYBookValueAmt>
        <EOYFMVAmt>140950</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>GOLDMAN SACHS GROUP INC</StockNm>
        <EOYBookValueAmt>373856</EOYBookValueAmt>
        <EOYFMVAmt>365400</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>CHATHAM LODGING TRUST COM</StockNm>
        <EOYBookValueAmt>81906</EOYBookValueAmt>
        <EOYFMVAmt>102250</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>GOVERNMENT PPTYS INC</StockNm>
        <EOYBookValueAmt>50446</EOYBookValueAmt>
        <EOYFMVAmt>49700</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>FELCOR LODGING</StockNm>
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        <EOYFMVAmt>120635</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>FIRST HORIZON NATL</StockNm>
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        <EOYFMVAmt>81200</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>TSAKOS ENERGY NAV LMTD</StockNm>
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        <EOYFMVAmt>46540</EOYFMVAmt>
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      <InvestmentsOtherGrp>
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        <EOYFMVAmt>155184</EOYFMVAmt>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>CRESTWOOD MIDSTREAM PARTNERS</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>184703</BookValueAmt>
        <EOYFMVAmt>248900</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>WILLIAMS PARTNERS</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>207265</BookValueAmt>
        <EOYFMVAmt>254300</EOYFMVAmt>
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    <LegalFeesSchedule documentId="LegalFeesSchedule" softwareId="13000170" softwareVersion="2013v3.1">
      <LegalFeesGrp>
        <CategoryTxt>TRUST ADMINISTRATION FEES</CategoryTxt>
        <LegalFeesAmt>7558</LegalFeesAmt>
        <NetInvestmentIncomeAmt>7558</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>7558</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
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    <OtherAssetsSchedule documentId="OtherAssetsSchedule" softwareId="13000170" softwareVersion="2013v3.1">
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    <OtherDecreasesSchedule documentId="OtherDecreasesSchedule" softwareId="13000170" softwareVersion="2013v3.1">
      <OtherDecreasesDetail>
        <Description>FUNDING TRUE-UP</Description>
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      <OtherDecreasesDetail>
        <Description>PHILLIPS 66 COM BASIS ADJ</Description>
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    <OtherExpensesSchedule documentId="OtherExpensesSchedule" softwareId="13000170" softwareVersion="2013v3.1">
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        <AdjustedNetIncomeAmt>20</AdjustedNetIncomeAmt>
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      <OtherExpensesScheduleGrp>
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        <NetInvestmentIncomeAmt>850</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>850</AdjustedNetIncomeAmt>
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        <AdjustedNetIncomeAmt>-8630</AdjustedNetIncomeAmt>
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      <OtherIncomeDetail>
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      <TaxesDetail>
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        <NetInvestmentIncomeAmt>10</NetInvestmentIncomeAmt>
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</Return>