Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (Unaudited)

Consolidated Statements of Cash Flows (Unaudited) (USD $)
3 Months Ended
Feb. 29, 2012
Feb. 28, 2011
Operating Activities    
Net Income $ 5,747,041 $ 1,113,270
Distributions received from investment securities 1,053,007 305,725
Deferred income tax, net 3,455,914 (262,262)
Depreciation expense 246,805  
Amortization of intangible lease asset 72,985  
Amortization of assumed debt premium (42,527)  
Realized and unrealized gain on trading securities (2,862,272) (1,422,329)
Realized and unrealized (gain) loss on other equity securities (6,069,194) 744,584
Changes in assets and liabilities:    
Decrease in interest, dividend and distribution receivable   42,811
Increase in lease receivable (711,229)  
Increase in accounts receivable (813,036)  
Increase in prepaid expenses and other assets (292,105) (5,971)
Increase in management fees payable to Adviser, net of expense reimbursement 3,458 16,389
Decrease in accounts payable (89,343)  
Decrease in accrued expenses and other liabilities (21,226) (6,489)
Net cash (used in) provided by operating activities (321,722) 525,728
Investing Activities    
Purchases of long-term investments   (7,970,756)
Proceeds from sales of long-term investments   8,177,504
Proceeds from sale of property and equipment 3,076  
Purchases of property and equipment (29,722)  
Net cash provided by (used in) investing activities (26,646) 206,748
Financing Activities    
Payments on lease obligation (19,690)  
Advances from revolving line of credit 1,045,000  
Net cash provided by financing activities 1,025,310  
Net change in cash and cash equivalents 676,942 732,476
Cash and cash equivalents at beginning of year 2,793,326 1,466,193
Cash and cash equivalents at end of quarter 3,470,268 2,198,669
Supplemental Disclosure of Cash Flow Information    
Interest paid 11,665  
Income taxes paid $ 96,000