| Portfolio update: 
 
 Investment      Current Value   Prior Value   Period Change   % Change   Estimated Income   Estimated Yield   
 November totals  $211,287.81      $214,508.53    ($3,220.72)   (1.5)%    $13,163.65          6.2%
 December totals  $218,516.34      $211,287.81     $7,228.53    3.4%      $13,160.05          6.0%
 
 Since Jan. 1, 2010:
 
 
 My IRA    $178,517 to $218,516 =       +22.4%Dow        10428  to 11577   =         +11.0%
 S+P 500     1115  to  1254   =         +12.5% + 2% yield on 1/1/10 = +14.5%
 Nasdaq      2269  to  2653   =         +16.9%
 
 Dividend yield of the S+P is currently 1.78%
 
 Trades:
 
 None
 
 2010 Trading costs $340.
 
 Bottom line, estimated income:
 
 End Jan. $11,134
 End Feb. $11,448
 End March $11,630.98
 End April $12,080.98
 End May $12,496.92
 End June $12,213.02
 End July $12,306.90
 End August $12,516.67
 End September $12,548.27
 End October $12,905.75
 End November $13,163.65
 End December $13,160.05
 
 2010 dividends; $12,316.82 + 7 shares VGR
 
 Dec. dividends: $1003.35
 
 
 12/31/2010  02:05:43  ORDINARY DIVIDEND (PSEC)   80.70  ---       12/31/2010  02:02:29  ORDINARY DIVIDEND (LTC)   42.00  ---
 12/31/2010  02:02:28  ORDINARY DIVIDEND (TICC)   72.00  ---
 12/31/2010  02:01:00  QUALIFIED DIVIDEND (EGAS)   67.50  ---
 12/30/2010  15:30:01  QUALIFIED DIVIDEND (SFL)   72.00  ---
 12/30/2010  01:35:21  QUALIFIED DIVIDEND (VGR)   64.80  ---
 12/23/2010  01:49:29  ORDINARY DIVIDEND (ESP)   200.00  ---
 12/23/2010  01:49:28  QUALIFIED DIVIDEND (ESP)   45.00  ---
 12/20/2010  00:00:01  QUALIFIED DIVIDEND (D)   45.75  ---
 12/17/2010  02:01:38  ORDINARY DIVIDEND (HTGC)   31.60  ---
 12/15/2010  02:05:31  ORDINARY DIVIDEND (O)   158.33  ---
 12/14/2010  02:06:54  QUALIFIED DIVIDEND (JNJ)   93.42  ---
 12/01/2010  02:57:13  QUALIFIED DIVIDEND (DPL)   30.25
 
 Dividend reductions / eliminations:
 
 CIM .18 to .17 per quarter - one quarter at .18 and right back to .17
 
 Dividend raises/reinstatements
 
 None
 
 Holdings:
 
 
 Symbol   Qty   Mkt Val   Dividend Amount   Dividend Yield      BKCC    200    2,212.00    0.32    11.4695
 BMY    200    5,296.00    0.33    4.9906
 CIM    400    1,644.00    0.17    16.5049
 CL    12    964.44    0.53    2.6401
 *CLMT    124    2,641.20    0.46    8.5383
 CLX    58    3,670.24    0.55    3.4569
 *CPLP    900    8,712.00    0.23    9.5385
 CWH    125    3,188.75    0.50    7.764
 *D    100    4,272.00    0.46    4.2657
 *DPL    100    2,571.00    0.30    4.6574
 EGAS    1500    15,780.00    0.05    5.1282
 *EPB    300    10,035.00    0.41    4.9028
 ESP    200    4,752.00    1.23    3.7879
 -HTGC    158    1,636.88    0.20    7.6191
 *JNJ    173    10,700.05    0.54    3.4873
 *LTC    300    8,424.00    0.14    5.9155
 *MCGC    400    2,788.00    0.14    8.0576
 *MO    200    4,924.00    0.38    6.1789
 MPW    1300    14,079.00    0.20    7.4766
 NRF    633    3,006.75    0.10    8.5106
 NTLS    150    2,857.50    0.28    5.8608
 *O    1100    37,620.00    0.14    5.0305
 PG    10    643.30    0.48    2.9981
 *PPL    100    2,632.00    0.35    5.3354
 -PSEC    800    8,640.00    0.10    11.2153
 *SFL    200    4,304.00    0.36    6.6946
 *SGU    1000    5,320.00    0.07    5.4206
 SNH    400    8,776.00    0.37    6.7273
 *SYY    300    8,820.00    0.26    3.5398
 *TCLP    100    5,200.00    0.75    5.8571
 *TICC    300    3,363.00    0.24    8.5791
 *TRP    300    11,412.00    0.40    4.1737
 -UVE    700    3,409.00    0.10    8.18
 *VGR    162    2,805.84    0.40    9.27
 
 Raised * or lowered - dividend in 2010.
 
 Money Market Assets  = $1,416.40
 
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