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        <EOYBookValueAmt>50000</EOYBookValueAmt>
        <EOYFMVAmt>49646</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>ENERGY TR OPRTNG LP 7.625%</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>FIDELITY FUNDS TREASURY</BondNm>
        <EOYBookValueAmt>915882</EOYBookValueAmt>
        <EOYFMVAmt>915882</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>FIRST HORIZON 6.6% 05/01/26</BondNm>
        <EOYBookValueAmt>76212</EOYBookValueAmt>
        <EOYFMVAmt>75060</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>FORD MOTOR DEBENTURE 8.9% 1/15/32</BondNm>
        <EOYBookValueAmt>200000</EOYBookValueAmt>
        <EOYFMVAmt>234604</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>FREEPORT-MCMORAN 5.4% 11/14/34</BondNm>
        <EOYBookValueAmt>37132</EOYBookValueAmt>
        <EOYFMVAmt>76119</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>FREEPORT-MCMORAN 5.45% 3/15/43</BondNm>
        <EOYBookValueAmt>35153</EOYBookValueAmt>
        <EOYFMVAmt>48414</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>GOLDMAN SACHS 5.3% 11/10/26</BondNm>
        <EOYBookValueAmt>243201</EOYBookValueAmt>
        <EOYFMVAmt>249577</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>GOLDMAN SACHS 7.5% 2/10/29</BondNm>
        <EOYBookValueAmt>170281</EOYBookValueAmt>
        <EOYFMVAmt>176619</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>KEYCORP 5.625% 09/15/24</BondNm>
        <EOYBookValueAmt>125962</EOYBookValueAmt>
        <EOYFMVAmt>121850</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>LUMEN TECHNOLOGIES 7.65% 3/15/42</BondNm>
        <EOYBookValueAmt>192611</EOYBookValueAmt>
        <EOYFMVAmt>162596</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>M&amp;T BANK 5.0% 12/31/49</BondNm>
        <EOYBookValueAmt>172624</EOYBookValueAmt>
        <EOYFMVAmt>199696</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>NEW MTN FIN 8.25% 11/15/25</BondNm>
        <EOYBookValueAmt>25000</EOYBookValueAmt>
        <EOYFMVAmt>25490</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>NUSTAR ENERGY 7.625% 6/15/22</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>NY MORT TR 7% 1000SH 1/15/27</BondNm>
        <EOYBookValueAmt>25000</EOYBookValueAmt>
        <EOYFMVAmt>19850</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>PENNYMAC 6.75% 8/24/26</BondNm>
        <EOYBookValueAmt>37500</EOYBookValueAmt>
        <EOYFMVAmt>30195</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>PNC FINANCIAL 6.0% 05/15/27</BondNm>
        <EOYBookValueAmt>149165</EOYBookValueAmt>
        <EOYFMVAmt>150618</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>QWEST CORP 6.75% 6/15/57</BondNm>
        <EOYBookValueAmt>50750</EOYBookValueAmt>
        <EOYFMVAmt>36479</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>RITHM CAPITAL VAR 11/15/26</BondNm>
        <EOYBookValueAmt>50000</EOYBookValueAmt>
        <EOYFMVAmt>47820</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>SIGNATURE BANK 5.0% 12/30/25 4000 SH</BondNm>
        <EOYBookValueAmt>89069</EOYBookValueAmt>
        <EOYFMVAmt>20000</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>TEXAS CAP 5.75% 06/15/26 4000 SH</BondNm>
        <EOYBookValueAmt>99869</EOYBookValueAmt>
        <EOYFMVAmt>86080</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>VALLEY NATIONAL BANK 8.25% 9/30/29</BondNm>
        <EOYBookValueAmt>50000</EOYBookValueAmt>
        <EOYFMVAmt>52800</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>WEBSTER FINL 6.5% 4000 SH</BondNm>
        <EOYBookValueAmt>97283</EOYBookValueAmt>
        <EOYFMVAmt>99600</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>WELLS FARGO 5.875% 06/15/25</BondNm>
        <EOYBookValueAmt>254152</EOYBookValueAmt>
        <EOYFMVAmt>249420</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
    </InvestmentsCorpBondsSchedule>
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        <StockNm>FREEPORT-MCMORAN INC 5000 SH</StockNm>
        <EOYBookValueAmt>93626</EOYBookValueAmt>
        <EOYFMVAmt>221000</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>GENERAL MOTORS 890 SH</StockNm>
        <EOYFMVAmt>49474</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>GENERAL MOTORS 372.846 SHARES</StockNm>
        <EOYBookValueAmt>13325</EOYBookValueAmt>
        <EOYFMVAmt>20727</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>GENERAL MOTORS 808 WTS 7/10/19</StockNm>
        <EOYBookValueAmt>8080</EOYBookValueAmt>
        <EOYFMVAmt>44917</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>HUNTSMAN CORP 2500 SH</StockNm>
        <EOYBookValueAmt>33150</EOYBookValueAmt>
        <EOYFMVAmt>48950</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
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      <OtherAssetsScheduleGrp>
        <Desc>UNREALIZED APPRECIATION</Desc>
        <BOYBookValueAmt>408098</BOYBookValueAmt>
        <EOYBookValueAmt>124060</EOYBookValueAmt>
      </OtherAssetsScheduleGrp>
    </OtherAssetsSchedule>
    <TaxesSchedule documentId="RetDoc7">
      <TaxesDetail>
        <CategoryTxt>IRS FORM 4720</CategoryTxt>
        <Amt>36486</Amt>
        <NetInvestmentIncomeAmt>36486</NetInvestmentIncomeAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>