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COMPANY DESCRIPTIONS
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Aberdeen Asia-Pacific Income Fund, Inc. (FAX)
Aberdeen Asia-Pacific Income Fund, Inc. (the Fund) is a closed-end, non-diversified management
investment company. The Fund's investment objective is to seek current income. The Fund seeks to
achieve its investment objective, through investment in Australian and Asian debt securities. The Fund
invests at least 80% of its net assets plus the amount of any borrowings in Asian debt securities,
Australian debt securities and New Zealand debt securities. The Fund may enter into repurchase
agreements, and invest in credit-linked securities, which are unstructured, unleveraged pass-through
vehicles to an underlying security denominated in a local currency. The Fund uses derivatives to manage
both currency and interest rate risk for global debt securities. The investment manager, adviser and subadviser of the Fund are Aberdeen Asset Management Asia Limited, Aberdeen Asset Management
Limited and Aberdeen Asset Management Investment Services Limited, respectively.
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Banner Corporation (BANR)
Banner Corporation is a bank holding company. The Company is engaged in the business of planning,
directing and coordinating the business activities of its wholly owned subsidiaries, Banner Bank and
Islanders Bank. Banner Bank is a Washington-chartered commercial bank that conducts business from its
main office in Walla Walla, Washington and, as of December 31, 2009, its 86 branch offices and seven
loan production offices located in Washington, Oregon and Idaho. Islanders Bank is also a Washingtonchartered commercial bank that conducts business from three locations in San Juan County, Washington.
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CapLease, Inc. (LSE)
CapLease, Inc. is a diversified real estate investment trust (REIT) that invests primarily in single tenant
commercial real estate assets. The Company focuses on properties that are subject to a net lease, or a
lease that requires the tenant to pay all or substantially all expenses normally associated with the
ownership of the property, such as utilities, real estate taxes, insurance and routine maintenance.
CapLease, Inc. has two business lines: owning single tenant properties and making first mortgage loans
and other debt investments on single tenant properties. Its portfolio produces cash flows generated by
long-term leases to primarily investment grade tenants. Owned properties comprise approximately 81% of
the Company’s portfolio. It invests in most commercial property types (office, warehouse, General
Services Administration (GSA) and retail). Loan investments comprise approximately 11% of its portfolio.
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Carrollton Bancorp (CRRB)
Carrollton Bancorp is a bank holding company. Carrollton Bank (the Bank) is the principal subsidiary of
the Company. The Bank is engaged in a general commercial and retail banking business. The Bank's
wholly owned subsidiaries are Carrollton Mortgage Services, Inc. (CMSI), which is used to originate and
sell residential mortgage loans, Carrollton Financial Services, Inc. (CFS), which provides brokerage
services, and Mulberry Street LLC (MSLLC), which is used to dispose of other real estate owned.
Carrollton Community Development Corporation (CCDC) is a 96.4% owned subsidiary of the Bank, which
promotes, develops and improves the housing and economic conditions of people in Maryland,
particularly the Metropolitan Baltimore area.
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Chimera Investment Corporation (CIM)
Chimera Investment Corporation is a specialty finance company that invests, either directly or indirectly
through its subsidiaries, in residential mortgage-backed securities (RMBS), residential mortgage loans,
real estate-related securities and various other asset classes. The Company is externally managed by
Fixed Income Discount Advisory Company (FIDAC). The Company's targeted asset classes and the
principal investments it expects to make includes RMBS comprising agency and non-agency RMBS,
residential mortgage loans consisting of prime mortgage loans, jumbo mortgage loans, and Alt-A
mortgage loans and other asset backed securities (ABS) consisting of debt and equity tranches of
collateralized debt obligations (CDOs), commercial mortgage backed securities (CMBS) and consumer
and non-consumer ABS.
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Citizens & Northern Corporation (CZNC)
Citizens & Northern Corporation (Corporation) is a holding company whose principal activity is community
banking. The subsidiaries of the Company include Citizens & Northern Bank (C&N Bank), Citizens &
Northern Investment Corporation and Bucktail Life Insurance Company (Bucktail). Citizens & Northern
Investment Corporation was formed to engage in investment activities. Bucktail reinsures credit and
mortgage life and accident and health insurance on behalf of C&N Bank. At December 31, 2009, C&N
Bank had total assets of $1,276,365,000, total deposits of $886,937,000 and net loans outstanding of
$699,751,000. At December 31, 2009, First State Bank had total assets of $50,780,000, total deposits of
$42,069,000 and net loans outstanding of $13,587,000
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Coca-Cola Enterprises Inc. (CCE)
Coca-Cola Enterprises Inc. is engaged in marketing, producing and distributing non-alcoholic beverages.
The Company serves a market of approximately 421 million consumers throughout the United States,
Canada, the United States Virgin Islands and certain other Caribbean islands, Belgium, continental
France, Great Britain, Luxembourg, Monaco, and the Netherlands. It markets, produces, and distributes
its products to customers and consumers through licensed territories in 46 states in the United States, the
District of Columbia, the United States Virgin Islands and certain other Caribbean islands, and the 10
provinces of Canada (collectively referred to as North America). It is also the sole licensed bottler for
products of The Coca-Cola Company (TCCC) in Belgium, continental France, Great Britain, Luxembourg,
Monaco, and the Netherlands (collectively referred to as Europe).
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DNP Select Income Fund Inc. (DNP)
DNP Select Income Fund Inc. (the Fund) is a closed-end diversified management investment company.
The Fund's primary investment objective is current income and long-term growth of income. Its secondary
investment objective is capital appreciation. The Fund seeks to achieve its investment objectives by
investing primarily in a diversified portfolio of equity and fixed income securities of companies in the public
utilities industry. More than 65% of the Fund's total assets will be invested in securities of public utility
companies engaged in the production, transmission or distribution of electric energy, gas or telephone
services. It invests in various sectors, which include electric and gas, communications, and real estate
investment trust. Duff & Phelps Investment Management Co. serves as the Fund’s investment advisor. J.
J. B. Hilliard, W. L. Lyons, LLC. is the Fund's administrator.
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Ellsworth Fund Limited (ECF)
Ellsworth Fund Ltd. (the Fund) is a diversified, closed-end management investment company. The Fund
invests primarily in convertible securities, with the objectives of providing income and the potential for
capital appreciation. The Fund invests in various industries, including aerospace and defense,
automotive, computer hardware, computer software, construction material, consumer goods, containers,
data processing, energy, financial services, foods, healthcare, real estate, telecommunications,
transportation, travel and leisure and finance. Dinsmore Capital Management Co. is the Fund’s
investment adviser.
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Exelon Corporation (EXC)
Exelon Corporation (Exelon) is a utility services holding company. It operates through its principal
subsidiaries: Exelon Generation Company, LLC, Commonwealth Edison Company and PECO Energy
Company. Generation’s business consists of its owned and contracted electric generating facilities, its
wholesale energy marketing operations and its retail supply operations. ComEd’s energy delivery
business consists of the purchase and regulated retail sale of electricity, and the provision of transmission
and distribution services to retail customers in northern Illinois. PECO’s energy delivery business consists
of the purchase and regulated retail sale of electricity and the provision of transmission and distribution
services to retail customers in south-eastern Pennsylvania, as well as the purchase and regulated retail
sale of natural gas and the provision of distribution services to retail customers. In December 2010, the
Company completed its acquisition of John Deere Renewables.
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Fidelity Bancorp, Inc. (FSBI)
Fidelity Bancorp, Inc. is a bank holding company. The Company provides a range of banking services
through its wholly owned banking subsidiary, Fidelity Bank, PaSB (the Bank). The Bank is a chartered
stock savings bank, which conducts business from 13 full service offices located in Allegheny and Butler
counties, two of the five Pennsylvania counties, which comprise the metropolitan and suburban areas of
greater Pittsburgh. The Bank is a member of the Federal Home Loan Bank (FHLB) of Pittsburgh. The
Bank’s wholly owned subsidiary is FBIC, Inc. FBIC, Inc. holds and manages the Bank’s fixed-rate
residential mortgage loan portfolio, which includes engaging in mortgage securitization transactions.
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Frontier Communications Corp (FTR)
Frontier Communications Corporation (Frontier), formerly Citizens Communications Company, is a
communications company providing services to rural areas and small and medium-sized towns and cities.
It provides communications services to residential and business customers in its markets. It offers a
variety of voice, data, Internet, and television services that are available as bundled or packaged
solutions and for some products, a la carte. Its services include access services; local services; long
distance services; data and Internet services; directory services; television services, and wireless
services. In July 2010, Frontier Communications Corp acquired New Communications Holdings Inc.,
Verizon Communications Inc.'s local wireline operations in 14 states. The combined operations will
provide voice, high-speed Internet, wireless Internet data access, satellite video, FiOS and other services
to four million residential and business customers in 27 states.
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Gabelli Convertible & Income Securities (GCV)
The Gabelli Convertible and Income Securities Fund Inc. (the Fund) is a diversified closed-end
management investment company. The Fund’s investment objective is to seek a high level of total return
through a combination of current income and capital appreciation by investing in convertible securities.
The Fund will invest at least 80% of its net assets in a combination of convertible securities and income
producing securities. The Fund may invest up to 15% of its net assets in securities for which the markets
are illiquid. The Fund invests in various sectors, such as energy and utilities, health care, financial
services, diversified industrial, retail, telecommunications and electronics. The Fund’s investment advisor
is Gabelli Funds, LLC.
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Gabelli Utility Trust (GUT)
The Gabelli Utility Trust (the Fund) is a non-diversified, closed-end management investment company.
The Fund's primary objective is long-term growth of capital and income. The Fund will invest 80% of its
assets in common stocks and other securities of foreign and domestic companies involved in providing
products, services or equipment for the generation or distribution of electricity, gas and water, and
telecommunications services or infrastructure operations. The Fund invests in sectors, such as energy
and utilities, aerospace, transportation, environmental services, agriculture and publishing. The Fund’s
investment advisor is Gabelli Funds, LLC.
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General Electric Company (GE)
General Electric Company (GE) is a diversified technology, media and financial services company. The
Company’s products and services include aircraft engines, power generation, water processing, security
technology, medical imaging, business and consumer financing, media content and industrial products.
The Company serves customers in more than 100 countries. The Company operates through five
segments: Energy Infrastructure, Technology Infrastructure, NBC Universal (NBCU), Capital Finance and
Consumer & Industrial. In September 2009, the Company sold its 81% interest in Homeland Protection
business to Safran SA. In September 2009, the Company acquired ScanWind. In September 2009, Moog
Inc. completed the acquisition of the Company’s GE Aviation Systems’ flight control actuation business. In
November 2009, GE Aviation acquired Naverus, Inc. In October 2010, the Company acquired Opal
Software.
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Glimcher Realty Trust (GRT)
Glimcher Realty Trust (GRT) is an integrated real estate investment trust (REIT). The Company owns,
leases, acquires, develops and operates a portfolio of retail properties consisting of enclosed regional and
regional malls (Malls) and community shopping centers (Community Centers). At December 31, 2009, the
Malls and Community Centers (the Properties) consisted of 21 Malls (two of which are partially owned
through joint ventures) containing an aggregate of 19.9 million square feet of gross leasable area (GLA)
and four Community Centers containing an aggregate of 769,000 square feet square feet of GLA. At
December 31, 2009, GRT held a 93.3% interest in a partnership, of which Glimcher Properties
Corporation, a wholly owned subsidiary of GRT, is sole general partner.
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Huntington Bancshares Incorporated (HBAN)
Huntington Bancshares Incorporated is a bank holding company. Through its subsidiaries, the Company
provides full-service commercial and consumer banking services, mortgage banking services, automobile
financing, equipment leasing, investment management, trust services, brokerage services, insurance
service programs, and other financial products and services. The Huntington National Bank (the Bank) is
its only bank subsidiary. As of December 31, 2009, the Bank had 340 banking offices in Ohio, 115
banking offices in Michigan, 56 banking offices in Pennsylvania, 50 banking offices in Indiana, 28 banking
offices in West Virginia, 13 banking offices in Kentucky, 9 private banking offices, one foreign office in the
Cayman Islands, and one foreign office in Hong Kong. Its segments include Retail and Business Banking,
Commercial Banking, Commercial Real Estate, Auto Finance and Dealer Services (AFDS), and the
Private Financial Group (PFG). A sixth group includes the Treasury function.
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Intel Corporation (INTC)
Intel Corporation is a semiconductor chip maker, developing advanced integrated digital technology
products, primarily integrated circuits, for industries, such as computing and communications. The
Company designs and manufactures computing and communications components, such as
microprocessors, chipsets, motherboards, and wireless and wired connectivity products, as well as
platforms that incorporate these components. It operates in nine operating segments: PC Client Group,
Data Center Group, Embedded and Communications Group, Digital Home Group, Ultra-Mobility Group,
NAND Solutions Group, Wind River Software Group, Software and Services Group and Digital Health
Group. During the fiscal year ended December 26, 2009 (fiscal 2009), it acquired Wind River Systems,
Inc., a vendor of software for embedded devices. In May 2010, Micron Technology, Inc. acquired
Numonyx B.V. In January 2011, the Company completed the acquisition of the Infineon Technologies AG
Wireless Solutions business.
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Jeffersonville Bancorp (JFBC)
Jeffersonville Bancorp is the bank holding company for The First National Bank of Jeffersonville (the
Bank). The Company through its subsidiary The First National Bank of Jeffersonville provides traditional
banking related services, which constitute the Company’s only business segment. Its services consists of
attracting deposits from the areas served by its banking offices and using those deposits to originate a
range of commercial, consumer, and real estate loans. The Company’s primary sources of liquidity are its
deposit base; Federal Home Loan Bank (FHLB) borrowings; repayments and maturities on loans; shortterm assets such as federal funds and short-term interest bearing deposits in banks; and maturities and
sales of securities available for sale.
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Kite Realty Group Trust (KRG)
Kite Realty Group Trust is a vertically integrated real estate investment trust engaged in the ownership,
operation, management, leasing, acquisition, construction, expansion and development and
redevelopment of neighborhood and community shopping centers and certain commercial real estate
properties in selected markets in the United States. The Company also provides real estate facility
management, construction, development and other advisory services to third parties. Kite Realty Group
Trust operates through two business segments: real estate operation and development, and construction
and advisory services. The Company conducts all of its business through Kite Realty Group, L.P., of
which the Company is the sole general partner. As of December 31, 2009, the Company owned interests
in 55 operating properties (consisting of 51 retail properties, three commercial operating properties and
an associated parking garage) and seven properties under development or redevelopment.
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Liberty All-Star Equity Fund (USA)
Liberty All-Star Equity Fund (the Fund) is a diversified, closed-end management investment company.
The Fund seeks total investment return consisting of long-term capital appreciation and current income
through investing primarily in a diversified portfolio of equity securities. It invests in various sectors,
including consumer discretionary, consumer staples, energy, financials, healthcare, industrials,
information technology, materials and utilities. ALPS Fund Services, Inc. (ALPS) provides administrative
and other services to the Fund. ALPS Advisors, Inc. (AAI) serves as the investment advisor to the Fund.
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Liberty All-Star Growth Fund Inc. (ASG)
Liberty All-Star Growth Fund, Inc. (the Fund) is a diversified, closed-end management investment
company. The Fund seeks long-term capital appreciation. The Fund invests primarily in a diversified
portfolio of equity securities. The Fund is a multi-managed fund that allocates its portfolio assets on an
approximately equal basis among several independent investment organizations having different
investment styles and/or strategies recommended and monitored by ALPS Advisors, Inc., the Fund's
investment adviser. It invests in sectors, such as information technology, industrials, healthcare,
consumer discretionary, financials, energy, consumer staples, telecommunication services and materials.
The Fund has three investment managers, M.A. Weatherbie & Co., Inc., TCW Investment Management
Company and Mazama Capital Management, Inc. The Fund’s administrator is ALPS Fund Services, Inc.
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LNB Bancorp, Inc. (LNBB)
LNB Bancorp, Inc. is a diversified banking services company. The Company engages in lending and
depository services, investment and brokerage services, and other traditional banking services. These
services are generally offered through the Company’s wholly owned subsidiary, The Lorain National Bank
(the Bank). The Bank, through an agreement with a registered third-party broker-dealer, Investment
Centers of America, Inc., offers mutual funds, variable annuity investments, variable annuity and life
insurance products, along with investments in stocks and bonds. The primary business of the Bank is
providing personal, mortgage and commercial banking products, along with investment management and
trust services. The Lorain National Bank operates through 20 retail-banking locations and 27 automated
teller machines (ATM’s).
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MainSource Financial Group Inc. (MSFG)
MainSource Financial Group, Inc. (MainSource) is a financial holding company. As of December 31,
2009, the Company operated one banking subsidiary: MainSource Bank (the Bank), a state-chartered
bank. As of December 31, 2009, the Company operated 85 branch banking offices in Indiana, Illinois,
Ohio, and Kentucky, as well as 12 insurance offices in Indiana and one in Illinois. MainSource, through
the Bank, offers a range of financial services, including accepting time and transaction deposits; making
consumer, commercial, agribusiness and real estate mortgage loans; renting safe deposit facilities;
providing general agency personal and business insurance services; providing personal and corporate
trust services, and providing other corporate services, such as letters of credit and repurchase
agreements. During the year ended December 31, 2009, three wholly owned subsidiaries, MainSource
Bank of Illinois, MainSource Bank, Ohio and MainSource Bank, Hobart, were merged into MainSource
Bank.
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MFA Financial, Inc. (MFA)
MFA Financial, Inc., formerly MFA Mortgage Investments, Inc. is a real estate investment trust primarily
engaged in the business of investing, on a leveraged basis, in residential Agency and Non-Agency
adjustable-rate mortgage-mortgage-backed securities (ARM-MBS). As of December 31, 2009, the
Company’s ARM-MBS portfolio consisted of Agency MBS and Non-Agency MBS. As of December 31,
2009, the Company’s MBS were primarily secured by hybrid mortgages that have a fixed interest rate for
a specified period, typically 3 to 10 years, and, thereafter, generally reset annually (Hybrids), and ARMs
(collectively, ARM-MBS). As of December 31, 2009, 0.9% of the Company’s MBS portfolio consisted of
fixed-rate MBS secured by fixed rates mortgages, all of which were Non-Agency MBS acquired by the
Company’s wholly owned subsidiary, MFResidential Assets I, LLC (MFR MBS).
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MFS High Yield Municipal Trust (CMU)
MFS High Yield Municipal Trust (the Fund) is a closed-end management investment company investing in
investment-grade and high-yield municipal debt. The Fund’s investment objective is to seek high current
income exempt from federal income tax, but may also consider capital appreciation. The Fund invests at
least 80% of its net assets, including assets attributable to preferred shares and borrowings for
investment purposes, in tax-exempt bonds and tax-exempt notes. It may also invest in taxable
instruments. The Fund may invest 25% or more of its total assets in municipal instruments that finance
similar projects, such as those relating to education, healthcare, housing, utilities, water or sewers. It may
invest up to 100% of its assets in lower-quality debt instruments. It may invest a relatively high
percentage of its assets in the debt instruments of a single issuer or a small number of issuers. Its
investment advisor and administrator is Massachusetts Financial Services Company.
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National Bank of Greece (NBG)
National Bank of Greece S.A. (the Bank) is a Greece-based financial institution. It offers a range of
integrated financial services, including corporate and investment banking, retail banking (including
mortgage lending), leasing, stock brokerage, asset management and venture capital, insurance, real
estate and consulting services. In addition, the Company is involved in various other businesses,
including hotel and property management, real estate and information technology (IT) consulting. On
June 30, 2009, NBG Luxemburg Holding S.A. and NBG Luxfinance Holding S.A. were merged to NBG
Asset Management Luxemburg S.A. On January 18, 2010, the Bank acquired 35% of the share capital of
AKTOR FM. On October 16, 2009, United Bulgarian Bank A.D. (UBB) established UBB Factoring
E.O.O.D., a wholly owned subsidiary of UBB. On September 15, 2009, the Bank disposed of its
investment in Phosphoric Fertilizers Industry S.A.
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Northstar Realty Finance Corp. (NRF)
NorthStar Realty Finance Corp. is a real estate finance company, which focuses primarily on originating,
investing in and managing commercial real estate debt, commercial real estate securities and net lease
properties. The Company has invested in the areas of commercial real estate finance, which provides
leverage to its real estate investment, utilize its capital markets knowledge, and capitalize on its ability to
employ financing structures.
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NV Energy, Inc. (NVE)
NV Energy, Inc. is an investor-owned holding company. The Company has six primary, wholly owned
subsidiaries: Nevada Power Company (operating as NV Energy), Sierra Pacific Power Company
(operating as NV Energy), Sierra Pacific Communications, Sierra Pacific Energy Company, NVE
Insurance Company, Inc. and Lands of Sierra. NPC and SPPC are referred to collectively as the Utilities.
The Utilities operate three business segments: NPC electric, SPPC electric and SPPC natural gas.
Electric service is provided to Las Vegas and surrounding Clark County, and to northern Nevada and the
Lake Tahoe area of California. Natural gas service is provided in the Reno/Sparks area of Nevada.
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The Pep Boys - Manny, Moe & Jack (PBY)
The Pep Boys-Manny, Moe & Jack is an automotive service and retail chain. The Company is engaged
principally in automotive repair and maintenance and in the sale of automotive tires, parts and
accessories through a chain of stores. As of January 30, 2010, the Company operated stores in 35 states
and Puerto Rico. Its primary operating unit is its Supercenter format, which serves both do-it-for-me
(DIFM), which includes service labor, installed merchandise and tires and do-it-yourself (DIY, or retail)
customers with service offerings and merchandise. In most of its Supercenters, it also has a commercial
sales program that provides commercial credit and prompt delivery of tires, parts and other products to
local, regional and national repair shops and dealers. The Company operates approximately 11,686,000
of gross square feet of retail space, including service bays. The Supercenters average approximately
20,700 square feet, and Service & Tire Centers average 6,800 square feet.
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Pfizer Inc. (PFE)
Pfizer Inc. (Pfizer) is a research-based, global biopharmaceutical company. The Company applies
science and its global resources to improve health and well-being at every stage of life. Pfizer’s diversified
global health care portfolio includes human and animal biologic and small molecule medicines and
vaccines, as well as nutritional products and many consumer health care products. The Company
operates in two business segments: Biopharmaceutical and Diversified. Biopharmaceutical includes the
Primary Care, Specialty Care, Established Products, Emerging Markets and Oncology customer-focused
units. Diversified includes Animal Health products that prevent and treat diseases in livestock and
companion animals, and Consumer Healthcare products. In December 2009, Durata Therapeutics, Inc.
acquired Vicuron Pharmaceuticals from Pfizer. In October 2010, the Company acquired FoldRx
Pharmaceuticals, Inc., a drug discovery and clinical development company.
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Qwest Communications International Inc. (Q)
Qwest Communications International Inc. (Qwest), is a provider of data, Internet, video and voice
services. The Company operates its business in the 14-state region of Arizona, Colorado, Idaho, Iowa,
Minnesota, Montana, Nebraska, New Mexico, North Dakota, Oregon, South Dakota, Utah, Washington
and Wyoming. Qwest operates in three segments: business markets, mass markets and wholesale
markets. The Company’s products and services are provided using its telecommunications network,
which consists of voice and data switches, copper cables, fiber optic broadband cables and other
equipment. The majority of the Company’s network is located in its local service area. Within its local
service area, Qwest’s network serves approximately 10.3 million access lines in 14 states and forms a
portion of the public switched telephone network (PSTN).
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Reliv International, Inc (RELV)
Reliv’ International, Inc. is a developer, manufacturer and marketer of a line of nutritional supplements
addressing basic nutrition, specific wellness needs, weight management and sports nutrition. The
Company also offers one encapsulated product and a line of skin care and food products. It sells its
products through an international network marketing system using independent distributors. As of
December 31, 2009, the Company offered 16 nutritional supplements. In addition, it markets a line of 14
skin care and food products under its Relivables brand. The Company’s core line of nutritional
supplements includes Reliv Classic and Reliv NOW, Innergize!, and FibRestore. Its Reliv Classic and
Reliv NOW are basic nutritional supplements containing a blend of vitamins, minerals, proteins and herbs.
Its Innergize! is an isotonic sports supplement, which is available in three flavors. FibRestore is a highfiber and antioxidant supplement.
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Resource Capital Corp. (RSO)
Resource Capital Corp., incorporated on October 31, 2005, is a specialty finance company that focuses
primarily on commercial real estate and commercial finance. The Company conducts its operations as a
real estate investment trust (REIT). It invests in a combination of commercial real estate debt and other
real estate-related assets and, to a lesser extent, higher-yielding commercial finance assets. It is
managed by Resource Capital Manager, Inc., a wholly owned indirect subsidiary of Resource America,
Inc., a specialized asset management company. Its subsidiaries include RCC Real Estate, Inc. (RCC
Real Estate), RCC Commercial, Inc. (RCC Commercial) and Resource TRS, Inc. (Resource TRS). RCC
Real Estate holds real estate investments, including commercial real estate loans and commercial real
estate-related securities. RCC Commercial holds bank loan investments and commercial real estaterelated securities. Resource TRS holds all the Company’s direct financing leases and notes.
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Sturgis Bancorp, Inc. (STBI)
Sturgis Bancorp, Inc. serves as a financial holding company for Sturgis Bank & Trust Company (the
Bank), a state-chartered bank whose principal business is to accept savings deposit from the general
public and make single family mortgage loans and to a lesser extent, consumer and commercial loans.
The Bank's market area covers all of St. Joseph County and parts of Cass, Branch, Calhoun, Van Buren,
Allegan, Hillsdale and Kalamazoo Counties. Loans and loans held for sale for the years ended December
31, 2003, 2002 and 2001 amounted to $216,849,239, $219,480,856 and $223,528,846, respectively.
Cash and investment securities for the years 2003, 2002 and 2001 totaled $29,079,322, $39,767,645 and
$28,801,672, respectively. Total deposits for the years 2003, 2002 and 2001 amounted to $199,920,213,
$202,563,796 and $179,129,827, respectively.
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Telefonaktiebolaget LM Ericsson (ERIC)
Telefonaktiebolaget LM Ericsson (Ericsson) is a supplier of equipment, integrated solutions, multimedia
applications and services to operators worldwide. The Company is a provider of communications
networks, related services and multimedia solutions. It offers a portfolio of telecommunication and data
communication systems, multimedia solutions and professional services, covering a range of
technologies. The Company operates in five segments: Networks, Professional Services, Multimedia,
Sony Ericsson and ST-Ericsson. On June 17, 2009, the Company purchased Elcoteq SE’s manufacturing
operations in Tallinn, Estonia. During the year ended December 31, 2009, the Company acquired Nortel’s
code division multiple access and long-term evolution (LTE) operations in North America. In February
2010, the Company acquired the remaining interest in LHS AG. In April 2010, Telefonaktiebolaget LM
Ericsson acquired Nortel Networks' North American global system for mobile communications (GSM)
business.
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Templeton Global Income Fund
Templeton Global Income Fund (the Fund) is a non-diversified, closed-end investment company. The
Fund seeks current income, with a secondary objective of capital appreciation. The Fund invests at least
80% of its net assets in income-producing securities, including debt securities of United States and
foreign issuers, including emerging markets. Its portfolio includes government bonds, municipal bonds
and short-term investments and other net assets. The Fund may invest in the Institutional Fiduciary Trust
Money Market Portfolio (Sweep Money Fund), an open-end investment company managed by the Fund’s
investment adviser. The Fund’s investment adviser is Franklin Advisers, Inc. Franklin Templeton
Services, LLC (FT Services) is the administrative manager of the Fund.
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Walter Investment Management Corp. (WAC)
Walter Investment Management Corp. (Walter Investment) together with its subsidiaries, is a mortgage
servicer and mortgage portfolio owner. The Company is engaged in providing subprime, non-conforming
and other residential loans in the southeastern United States. At December 31, 2009, it had four wholly
owned subsidiaries Hanover Capital Partners 2, Ltd., doing business as Hanover Capital, Walter
Mortgage Company (WMC), Walter Investment Reinsurance Co., Ltd. (WIRC) and Best Insurors, Inc.
(Best). The Company operates as an internally managed, publicly traded real estate investment trust
(REIT). In November 2010, the Company purchased Marix Servicing LLC, which is focused on default
management, borrower outreach, loss mitigation, liquidation strategies and component and specialty
servicing.
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Winthrop Realty Trust (FUR)
Winthrop Realty Trust (the Trust) is a real estate investment trust (REIT). The Trust is engaged in the
business of owning real property and real estate related assets, which it categorizes into three segments:
ownership of investment properties, which includes properties in joint ventures, which it consolidates or
account for on a equity basis, which it refers to as operating properties; the origination and acquisition of
senior and mezzanine loans and debt securities secured directly or indirectly by commercial and multifamily real property, which it refers to as loan assets, and the ownership of equity and debt securities in
other REITs, which it refers to as REIT securities. At December 31, 2009, the Trust held interests in
properties containing approximately 8.5 million square feet of rentable space, owned either directly by it
or through joint ventures.
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Xerox Corporation (XRX)
Xerox Corporation (Xerox) provides a portfolio of document systems and services for businesses of any
size. This includes printers, multifunction devices, production publishing systems, managed print services
(MPS) and related software. The Company also offers support and supplies, such as toner, paper and ink
as part of its document technology offerings. It operates in three segments: Production, Office and Other.
During the year ended December 2009, Global Imaging Systems, Inc. (GIS) acquired ComDoc, Inc. In
February 2010, it acquired Affiliated Computer Services, Inc. (ACS). ACS is a provider of business
process outsourcing, and information technology services and solutions to commercial and government
clients worldwide in areas that include finance and accounting services, communications, transportation,
human resources, healthcare, transaction processing, and customer care.
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Yum! Brands, Inc. (YUM)
YUM! Brands, Inc. (YUM) is a quick service restaurant (QSR) with over approximately 37,000 units in
more than 110 countries and territories. Through the five concepts of KFC, Pizza Hut, Taco Bell, LJS and
A&W (the Concepts), the Company develops, operates, franchises and licenses a worldwide system of
restaurants, which prepare, package and sell a menu of food items. In addition, the Company owns noncontrolling interests in entities in China who operate similar to franchisees of KFC and a non-controlling
interest in Little Sheep, a Hot Pot concept. YUM operates in six segments: KFC-U.S., Pizza Hut-U.S.,
Taco Bell-U.S., Long John Silver’s (LJS)-U.S. and A&W All American Food Restaurants (A&W)-U.S.,
YUM Restaurants International (YRI or International Division), and YUM Restaurants China (China
Division). On May 4, 2009, it acquired an additional 7% interest in the entity that operates more than 200
KFCs in Shanghai, China.
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The Zweig Fund, Inc. (ZF)
The Zweig Fund, Inc. (the Fund) is a closed-end, diversified management investment company. The
Fund's investment objective is capital appreciation, primarily through investment in equity securities,
consistent with the preservation of capital. It invests in sectors, such as information technology, energy,
consumer staples, health care, industrials, materials, consumer discretionary and telecommunication
services. The Fund’s investment advisor is Zweig Advisers LLC. Its sub-advisor is Zweig Consulting LLC.
The Fund’s administrator is VP Distributors, Inc., an indirect wholly owned subsidiary of Virtus Investment
Partners, Inc.
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The Zweig Total Return Fund, Inc. (ZTR)
The Zweig Total Return Fund, Inc. (the Fund) is a closed-end, diversified management investment
company. The Fund's investment objective is to seek total return, consisting of capital appreciation and
current income, consistent with the preservation of capital. The Fund will normally invest 50% of its total
assets in the fixed-income securities and 50% in equity securities. It invests in sectors, such as energy,
information technology, consumer staples, healthcare and industrials. The Fund’s investment advisor is
Zweig Advisers LLC. Its sub-advisor is Zweig Consulting LLC. The Fund’s administrator is VP
Distributors, Inc., an indirect wholly owned subsidiary of Virtus Investment Partners, Inc.
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