<SEC-DOCUMENT>0001752724-25-090782.txt : 20250424
<SEC-HEADER>0001752724-25-090782.hdr.sgml : 20250424
<ACCEPTANCE-DATETIME>20250424145105
ACCESSION NUMBER:		0001752724-25-090782
CONFORMED SUBMISSION TYPE:	NPORT-P
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20250228
FILED AS OF DATE:		20250424
DATE AS OF CHANGE:		20250424
PERIOD START:           	20251130

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FLAHERTY & CRUMRINE TOTAL RETURN FUND INC
		CENTRAL INDEX KEY:			0001245648
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1130

	FILING VALUES:
		FORM TYPE:		NPORT-P
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-21380
		FILM NUMBER:		25866726

	BUSINESS ADDRESS:	
		STREET 1:		301 E COLORADO BLVD STE 800
		STREET 2:		C/O FLAHERTY & CRUMRINE INC
		CITY:			PASADENA
		STATE:			CA
		ZIP:			91101
		BUSINESS PHONE:		(626) 795-7300

	MAIL ADDRESS:	
		STREET 1:		301 E COLORADO BLVD STE 800
		STREET 2:		C/O FLAHERTY & CRUMRINE INC
		CITY:			PASADENA
		STATE:			CA
		ZIP:			91101

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FLAHERTY & CRUMRINE/CLAYMORE TOTAL RETURN FUND INC
		DATE OF NAME CHANGE:	20030623
</SEC-HEADER>
<DOCUMENT>
<TYPE>NPORT-P
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/nport" xmlns:com="http://www.sec.gov/edgar/common" xmlns:ncom="http://www.sec.gov/edgar/nportcommon" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.sec.gov/edgar/nport eis_NPORT_Filer.xsd">
  <headerData>
    <submissionType>NPORT-P</submissionType>
    <isConfidential>false</isConfidential>
    <filerInfo>

      <filer>
        <issuerCredentials>
          <cik>0001245648</cik>
          <ccc>XXXXXXXX</ccc>
        </issuerCredentials>
      </filer>



    </filerInfo>
  </headerData>
  <formData>
    <genInfo>
      <regName>Flaherty &amp; Crumrine Total Return Fund Inc</regName>
      <regFileNumber>811-21380</regFileNumber>
      <regCik>0001245648</regCik>
      <regLei>254900OFZ9J1RLHWZQ22</regLei>
      <regStreet1>301 East Colorado Boulevard</regStreet1>
      <regStreet2>Suite 800</regStreet2>
      <regCity>Pasadena</regCity>
      <regStateConditional regCountry="US" regState="US-CA"/>
      <regZipOrPostalCode>91101</regZipOrPostalCode>
      <regPhone>626-795-7300</regPhone>
      <seriesName>Flaherty &amp; Crumrine Total Return Fund Incorporated</seriesName>
      <seriesLei>254900OFZ9J1RLHWZQ22</seriesLei>
      <repPdEnd>2025-11-30</repPdEnd>
      <repPdDate>2025-02-28</repPdDate>
      <isFinalFiling>N</isFinalFiling>
    </genInfo>
    <fundInfo>
      <totAssets>314948734.03</totAssets>
      <totLiabs>120892261.52</totLiabs>
      <netAssets>194056472.51</netAssets>
      <assetsAttrMiscSec>0.00000000</assetsAttrMiscSec>
      <assetsInvested>0.00000000</assetsInvested>
      <amtPayOneYrBanksBorr>118500000.00000000</amtPayOneYrBanksBorr>
      <amtPayOneYrCtrldComp>0.00000000</amtPayOneYrCtrldComp>
      <amtPayOneYrOthAffil>0.00000000</amtPayOneYrOthAffil>
      <amtPayOneYrOther>0.00000000</amtPayOneYrOther>
      <amtPayAftOneYrBanksBorr>0.00000000</amtPayAftOneYrBanksBorr>
      <amtPayAftOneYrCtrldComp>0.00000000</amtPayAftOneYrCtrldComp>
      <amtPayAftOneYrOthAffil>0.00000000</amtPayAftOneYrOthAffil>
      <amtPayAftOneYrOther>0.00000000</amtPayAftOneYrOther>
      <delayDeliv>0.00000000</delayDeliv>
      <standByCommit>0.00000000</standByCommit>
      <liquidPref>0.00000000</liquidPref>
      <curMetrics>
        <curMetric>
          <curCd>USD</curCd>
          <intrstRtRiskdv01 period10Yr="15372.00000000" period1Yr="45273.00000000" period30Yr="4671.00000000" period3Mon="6755.00000000" period5Yr="36326.00000000"/>
          <intrstRtRiskdv100 period10Yr="1537362.00000000" period1Yr="4529523.00000000" period30Yr="467869.00000000" period3Mon="675566.00000000" period5Yr="3633889.00000000"/>
        </curMetric>
      </curMetrics>
      <creditSprdRiskInvstGrade period10Yr="16126.00000000" period1Yr="33724.00000000" period30Yr="4486.00000000" period3Mon="9645.00000000" period5Yr="32475.00000000"/>
      <creditSprdRiskNonInvstGrade period10Yr="12830.00000000" period1Yr="15808.00000000" period30Yr="5282.00000000" period3Mon="4776.00000000" period5Yr="15397.00000000"/>
      <isNonCashCollateral>N</isNonCashCollateral>
      <returnInfo>
        <monthlyTotReturns>
          <monthlyTotReturn classId="C000000000" rtn1="0.64000000" rtn2="1.94000000" rtn3="0.79000000"/>
        </monthlyTotReturns>
        <monthlyReturnCats>
          <commodityContracts>
            <mon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            <mon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            <mon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            <forwardCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </forwardCategory>
            <futureCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </futureCategory>
            <optionCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </optionCategory>
            <swaptionCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </swaptionCategory>
            <swapCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </swapCategory>
            <warrantCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </warrantCategory>
            <otherCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </otherCategory>
          </commodityContracts>
          <creditContracts>
            <mon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            <mon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            <mon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            <forwardCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </forwardCategory>
            <futureCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </futureCategory>
            <optionCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </optionCategory>
            <swaptionCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </swaptionCategory>
            <swapCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </swapCategory>
            <warrantCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </warrantCategory>
            <otherCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </otherCategory>
          </creditContracts>
          <equityContracts>
            <mon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            <mon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            <mon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            <forwardCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </forwardCategory>
            <futureCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </futureCategory>
            <optionCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </optionCategory>
            <swaptionCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </swaptionCategory>
            <swapCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </swapCategory>
            <warrantCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </warrantCategory>
            <otherCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </otherCategory>
          </equityContracts>
          <foreignExchgContracts>
            <mon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            <mon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            <mon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            <forwardCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </forwardCategory>
            <futureCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </futureCategory>
            <optionCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </optionCategory>
            <swaptionCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </swaptionCategory>
            <swapCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </swapCategory>
            <warrantCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </warrantCategory>
            <otherCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </otherCategory>
          </foreignExchgContracts>
          <interestRtContracts>
            <mon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            <mon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            <mon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            <forwardCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </forwardCategory>
            <futureCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </futureCategory>
            <optionCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </optionCategory>
            <swaptionCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </swaptionCategory>
            <swapCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </swapCategory>
            <warrantCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </warrantCategory>
            <otherCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </otherCategory>
          </interestRtContracts>
          <otherContracts>
            <mon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            <mon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            <mon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            <forwardCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </forwardCategory>
            <futureCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </futureCategory>
            <optionCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </optionCategory>
            <swaptionCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </swaptionCategory>
            <swapCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </swapCategory>
            <warrantCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </warrantCategory>
            <otherCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </otherCategory>
          </otherContracts>
        </monthlyReturnCats>
        <othMon1 netRealizedGain="28922.85000000" netUnrealizedAppr="-2908283.05000000"/>
        <othMon2 netRealizedGain="-53475.00000000" netUnrealizedAppr="884836.42000000"/>
        <othMon3 netRealizedGain="11332.00000000" netUnrealizedAppr="2196480.43000000"/>
      </returnInfo>
      <mon1Flow redemption="0.00000000" reinvestment="0.00000000" sales="0.00000000"/>
      <mon2Flow redemption="0.00000000" reinvestment="0.00000000" sales="0.00000000"/>
      <mon3Flow redemption="0.00000000" reinvestment="0.00000000" sales="0.00000000"/>


    </fundInfo>
    <invstOrSecs>
      <invstOrSec>
        <name>STATE STREET CORP</name>
        <lei>549300ZFEEJ2IP5VME73</lei>
        <title>State Street Corp</title>
        <cusip>857477CH4</cusip>
        <identifiers>
          <isin value="US857477CH48"/>
          <other otherDesc="SEDOL" value="BNRPV50"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1024961.00000000</valUSD>
        <pctVal>0.528176662567</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.70000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SOCIETE GENERALE</name>
        <lei>O2RNE8IBXP4R0TD8PU41</lei>
        <title>Societe Generale SA</title>
        <cusip>83370RAA6</cusip>
        <identifiers>
          <isin value="US83370RAA68"/>
          <other otherDesc="SEDOL" value="BM91ZQ8"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>899322.60000000</valUSD>
        <pctVal>0.463433447165</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EDISON INTERNATIONAL</name>
        <lei>549300I7ROF15MAEVP56</lei>
        <title>Edison International</title>
        <cusip>281020AT4</cusip>
        <identifiers>
          <isin value="US281020AT41"/>
          <other otherDesc="SEDOL" value="BP9RHS3"/>
        </identifiers>
        <balance>1733000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1589233.44000000</valUSD>
        <pctVal>0.818954101063</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KEYCORP</name>
        <lei>RKPI3RZGV1V1FJTH5T61</lei>
        <title>KeyCorp</title>
        <cusip>493267843</cusip>
        <identifiers>
          <isin value="US4932678430"/>
          <ticker value="KEY"/>
        </identifiers>
        <balance>60200.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1508010.00000000</valUSD>
        <pctVal>0.777098532450</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GLOBAL ATLANTIC</name>
        <lei>98450051B2E65CAA7E94</lei>
        <title>Global Atlantic Fin Co</title>
        <cusip>37959GAC1</cusip>
        <identifiers>
          <isin value="US37959GAC15"/>
          <other otherDesc="SEDOL" value="BLNB3L8"/>
        </identifiers>
        <balance>1590000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1546094.42000000</valUSD>
        <pctVal>0.796723963907</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.70000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AMERICAN EXPRESS CO</name>
        <lei>R4PP93JZOLY261QX3811</lei>
        <title>American Express Co</title>
        <cusip>025816CH0</cusip>
        <identifiers>
          <isin value="US025816CH00"/>
          <other otherDesc="SEDOL" value="BNHQ2Q1"/>
        </identifiers>
        <balance>775000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>752921.88000000</valUSD>
        <pctVal>0.387991119420</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.55000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BARCLAYS PLC</name>
        <lei>213800LBQA1Y9L22JB70</lei>
        <title>Barclays PLC</title>
        <cusip>06738EBN4</cusip>
        <identifiers>
          <isin value="US06738EBN40"/>
          <other otherDesc="SEDOL" value="BMF3VZ9"/>
        </identifiers>
        <balance>1170000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1172852.46000000</valUSD>
        <pctVal>0.604387189373</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.12500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NORTHPOINTE BANCSHARES I</name>
        <lei>549300EYMKMD4WKEKP72</lei>
        <title>Northpointe Bancshares Inc</title>
        <cusip>66661N308</cusip>
        <identifiers>
          <isin value="US66661N3089"/>
          <ticker value="NRTBNC"/>
        </identifiers>
        <balance>67000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1532625.00000000</valUSD>
        <pctVal>0.789782984394</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LLOYDS BANKING GROUP PLC</name>
        <lei>549300PPXHEU2JF0AM85</lei>
        <title>Lloyds Banking Group PLC</title>
        <cusip>53944YAV5</cusip>
        <identifiers>
          <isin value="US53944YAV56"/>
          <other otherDesc="SEDOL" value="BNHN7R8"/>
        </identifiers>
        <balance>1800000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1890696.60000000</valUSD>
        <pctVal>0.974302261370</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VISTRA CORP</name>
        <lei>549300KP43CPCUJOOG15</lei>
        <title>Vistra Corp</title>
        <cusip>92840MAC6</cusip>
        <identifiers>
          <isin value="US92840MAC64"/>
          <other otherDesc="SEDOL" value="BLDBFD4"/>
        </identifiers>
        <balance>185000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>188198.65000000</valUSD>
        <pctVal>0.096981382566</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MORGAN STANLEY</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>Morgan Stanley</title>
        <cusip>61762V200</cusip>
        <identifiers>
          <isin value="US61762V2007"/>
          <ticker value="MS"/>
        </identifiers>
        <balance>35823.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>913486.50000000</valUSD>
        <pctVal>0.470732301883</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UNIVERSAL INSURANCE HLDS</name>
        <lei>529900GGAZ6WVUCWQM46</lei>
        <title>Universal Insurance Holdings Inc</title>
        <cusip>91359VAC1</cusip>
        <identifiers>
          <isin value="US91359VAC19"/>
        </identifiers>
        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>490882.54000000</valUSD>
        <pctVal>0.252958602024</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-11-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.62500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FT REAL ESTATE SECS CO</name>
        <lei>0002671824</lei>
        <title>FT Real Estate Securities Co Inc</title>
        <cusip>302663208</cusip>
        <identifiers>
          <isin value="US3026632089"/>
          <ticker value="FHN"/>
        </identifiers>
        <balance>3.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3450000.00000000</valUSD>
        <pctVal>1.777832996434</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WELLS FARGO &amp; COMPANY</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>Wells Fargo &amp; Co</title>
        <cusip>95002YAC7</cusip>
        <identifiers>
          <isin value="US95002YAC75"/>
          <other otherDesc="SEDOL" value="BRC14H4"/>
        </identifiers>
        <balance>1470000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1521920.12000000</valUSD>
        <pctVal>0.784266610804</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.85000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ALGONQUIN PWR &amp; UTILITY</name>
        <lei>549300K5VIUTJXQL7X75</lei>
        <title>Algonquin Power &amp; Utilities Corp</title>
        <cusip>015857808</cusip>
        <identifiers>
          <isin value="US0158578080"/>
          <ticker value="AQNCN"/>
        </identifiers>
        <balance>104510.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2701583.50000000</valUSD>
        <pctVal>1.392163562006</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BANCO MERCANTIL DE NORTE</name>
        <lei>549300QTVYRPFHS0J362</lei>
        <title>Banco Mercantil del Norte SA/Grand Cayman</title>
        <cusip>05971PAE8</cusip>
        <identifiers>
          <isin value="US05971PAE88"/>
          <other otherDesc="SEDOL" value="BSLMYN1"/>
        </identifiers>
        <balance>775000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>776489.98000000</valUSD>
        <pctVal>0.400136089230</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HUNTINGTON BANCSHARES</name>
        <lei>549300XTVCVV9I7B5T19</lei>
        <title>Huntington Bancshares Inc/OH</title>
        <cusip>446150773</cusip>
        <identifiers>
          <isin value="US4461507737"/>
          <ticker value="HBAN"/>
        </identifiers>
        <balance>43600.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1126624.00000000</valUSD>
        <pctVal>0.580565020804</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LINCOLN NATIONAL CORP</name>
        <lei>EFQMQROEDSNBRIP7LE47</lei>
        <title>Lincoln National Corp</title>
        <cusip>534187BR9</cusip>
        <identifiers>
          <isin value="US534187BR92"/>
          <other otherDesc="SEDOL" value="BP481N4"/>
        </identifiers>
        <balance>530000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>574379.02000000</valUSD>
        <pctVal>0.295985499772</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PARAMOUNT GLOBAL</name>
        <lei>5KYC8KF17ROCY24M3H09</lei>
        <title>Paramount Global</title>
        <cusip>92556HAE7</cusip>
        <identifiers>
          <isin value="US92556HAE71"/>
          <other otherDesc="SEDOL" value="BMXHJH1"/>
        </identifiers>
        <balance>1860000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1808450.68000000</valUSD>
        <pctVal>0.931919794588</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2062-03-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.37500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ENSTAR FINANCE LLC</name>
        <lei>N/A</lei>
        <title>Enstar Finance LLC</title>
        <cusip>29360AAA8</cusip>
        <identifiers>
          <isin value="US29360AAA88"/>
          <other otherDesc="SEDOL" value="BMW4BX3"/>
        </identifiers>
        <balance>575000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>574622.92000000</valUSD>
        <pctVal>0.296111184835</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TRANSCANADA TRUST</name>
        <lei>549300Y0MFCAXLBWUV51</lei>
        <title>Transcanada Trust</title>
        <cusip>89356BAE8</cusip>
        <identifiers>
          <isin value="US89356BAE83"/>
          <other otherDesc="SEDOL" value="BKVJXH3"/>
        </identifiers>
        <balance>2250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2179090.80000000</valUSD>
        <pctVal>1.122915804773</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2079-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BNP PARIBAS</name>
        <lei>R0MUWSFPU8MPRO8K5P83</lei>
        <title>BNP Paribas SA</title>
        <cusip>05565AAN3</cusip>
        <identifiers>
          <isin value="US05565AAN37"/>
          <other otherDesc="SEDOL" value="BYV0501"/>
        </identifiers>
        <balance>7330000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7379367.55000000</valUSD>
        <pctVal>3.802690760350</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.37500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WELLS FARGO &amp; COMPANY</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>Wells Fargo &amp; Co</title>
        <cusip>949746804</cusip>
        <identifiers>
          <isin value="US9497468044"/>
          <ticker value="WFC"/>
        </identifiers>
        <balance>325.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>394273.75000000</valUSD>
        <pctVal>0.203174748515</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GOLDMAN SACHS GROUP INC</name>
        <lei>784F5XWPLTWKTBV3E584</lei>
        <title>Goldman Sachs Group Inc/The</title>
        <cusip>38141GA79</cusip>
        <identifiers>
          <isin value="US38141GA799"/>
          <other otherDesc="SEDOL" value="BSLQN81"/>
        </identifiers>
        <balance>1590000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1670108.97000000</valUSD>
        <pctVal>0.860630386813</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COBANK ACB</name>
        <lei>P0J8I7M2E0A77CKF1705</lei>
        <title>CoBank ACB</title>
        <cusip>19075QAC6</cusip>
        <identifiers>
          <isin value="US19075QAC69"/>
          <other otherDesc="SEDOL" value="BYQ9LK5"/>
        </identifiers>
        <balance>609000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>610595.58000000</valUSD>
        <pctVal>0.314648396985</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MORGAN STANLEY</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>Morgan Stanley</title>
        <cusip>61745VAB9</cusip>
        <identifiers>
          <isin value="US61745VAB99"/>
          <other otherDesc="SEDOL" value="BLB1718"/>
        </identifiers>
        <balance>540000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>547570.26000000</valUSD>
        <pctVal>0.282170572780</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.78018000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HUNTINGTON BANCSHARES</name>
        <lei>549300XTVCVV9I7B5T19</lei>
        <title>Huntington Bancshares Inc/OH</title>
        <cusip>446150AT1</cusip>
        <identifiers>
          <isin value="US446150AT18"/>
          <other otherDesc="SEDOL" value="BMXXNK0"/>
        </identifiers>
        <balance>1175000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1167395.17000000</valUSD>
        <pctVal>0.601574971914</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.62500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DOMINION ENERGY INC</name>
        <lei>ILUL7B6Z54MRYCF6H308</lei>
        <title>Dominion Energy Inc</title>
        <cusip>25746UDU0</cusip>
        <identifiers>
          <isin value="US25746UDU07"/>
          <other otherDesc="SEDOL" value="BS60QC3"/>
        </identifiers>
        <balance>1650000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1745034.69000000</valUSD>
        <pctVal>0.899240652697</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SYNOVUS FINANCIAL CORP</name>
        <lei>549300EIUS8UN5JTLE54</lei>
        <title>Synovus Financial Corp</title>
        <cusip>87161C709</cusip>
        <identifiers>
          <isin value="US87161C7092"/>
          <ticker value="SNV"/>
        </identifiers>
        <balance>122848.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3202647.36000000</valUSD>
        <pctVal>1.650368739870</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CARLYLE FINANCE LLC</name>
        <lei>N/A</lei>
        <title>Carlyle Finance LLC</title>
        <cusip>14314C105</cusip>
        <identifiers>
          <isin value="US14314C1053"/>
          <ticker value="CG"/>
        </identifiers>
        <balance>15400.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>277662.00000000</valUSD>
        <pctVal>0.143083091436</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FIFTH THIRD BANCORP</name>
        <lei>THRNG6BD57P9QWTQLG42</lei>
        <title>Fifth Third Bancorp</title>
        <cusip>316773886</cusip>
        <identifiers>
          <isin value="US3167738869"/>
          <ticker value="FITB"/>
        </identifiers>
        <balance>64064.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1595834.24000000</valUSD>
        <pctVal>0.822355585133</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ENBRIDGE INC</name>
        <lei>98TPTUM4IVMFCZBCUR27</lei>
        <title>Enbridge Inc</title>
        <cusip>29250NCG8</cusip>
        <identifiers>
          <isin value="US29250NCG88"/>
          <other otherDesc="SEDOL" value="BPLVKV7"/>
        </identifiers>
        <balance>2090000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2169208.91000000</valUSD>
        <pctVal>1.117823529379</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.37500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CITIGROUP INC</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>Citigroup Inc</title>
        <cusip>172967PE5</cusip>
        <identifiers>
          <isin value="US172967PE54"/>
          <other otherDesc="SEDOL" value="BR55Z58"/>
        </identifiers>
        <balance>1420000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1491678.76000000</valUSD>
        <pctVal>0.768682817277</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.62500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UMB FINANCIAL CORP</name>
        <lei>549300MGEH3N3CUCV828</lei>
        <title>UMB Financial Corp</title>
        <cusip>902788207</cusip>
        <identifiers>
          <isin value="US9027882078"/>
          <ticker value="UMBF"/>
        </identifiers>
        <balance>42600.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1072242.00000000</valUSD>
        <pctVal>0.552541219641</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BNP PARIBAS</name>
        <lei>R0MUWSFPU8MPRO8K5P83</lei>
        <title>BNP Paribas SA</title>
        <cusip>05565A5R0</cusip>
        <identifiers>
          <isin value="US05565A5R02"/>
          <other otherDesc="SEDOL" value="BQH61V0"/>
        </identifiers>
        <balance>511000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>541703.44000000</valUSD>
        <pctVal>0.279147318815</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>METLIFE CAPITAL TRUST IV</name>
        <lei>0004254959</lei>
        <title>MetLife Capital Trust IV</title>
        <cusip>591560AA5</cusip>
        <identifiers>
          <isin value="US591560AA57"/>
          <other otherDesc="SEDOL" value="B29W497"/>
        </identifiers>
        <balance>577000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>635920.93000000</valUSD>
        <pctVal>0.327698902167</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.87500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UBS GROUP AG</name>
        <lei>549300SZJ9VS8SGXAN81</lei>
        <title>UBS Group AG</title>
        <cusip>902613BE7</cusip>
        <identifiers>
          <isin value="US902613BE74"/>
          <other otherDesc="SEDOL" value="BMGC0G9"/>
        </identifiers>
        <balance>210000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>243585.24000000</valUSD>
        <pctVal>0.125522862932</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PNC FINANCIAL SERVICES</name>
        <lei>CFGNEKW0P8842LEUIA51</lei>
        <title>PNC Financial Services Group Inc/The</title>
        <cusip>693475BD6</cusip>
        <identifiers>
          <isin value="US693475BD69"/>
          <other otherDesc="SEDOL" value="BMF2521"/>
        </identifiers>
        <balance>3280000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3279142.94000000</valUSD>
        <pctVal>1.689787976451</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JACKSON FINANCIAL INC</name>
        <lei>213800WXW2KG1N4CO374</lei>
        <title>Jackson Financial Inc</title>
        <cusip>46817M206</cusip>
        <identifiers>
          <isin value="US46817M2061"/>
          <ticker value="JXN"/>
        </identifiers>
        <balance>15800.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>416646.00000000</valUSD>
        <pctVal>0.214703480183</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ASSURANT INC</name>
        <lei>H3F39CAXWQRVWURFXL38</lei>
        <title>Assurant Inc</title>
        <cusip>04621X306</cusip>
        <identifiers>
          <isin value="US04621X3061"/>
          <ticker value="AIZ"/>
        </identifiers>
        <balance>19300.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>389474.00000000</valUSD>
        <pctVal>0.200701370566</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BARCLAYS PLC</name>
        <lei>213800LBQA1Y9L22JB70</lei>
        <title>Barclays PLC</title>
        <cusip>06738ECN3</cusip>
        <identifiers>
          <isin value="US06738ECN31"/>
          <other otherDesc="SEDOL" value="BP0VGQ5"/>
        </identifiers>
        <balance>785000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>874005.66000000</valUSD>
        <pctVal>0.450387275773</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.62500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>STANDARD CHARTERED PLC</name>
        <lei>U4LOSYZ7YG4W3S5F2G91</lei>
        <title>Standard Chartered PLC</title>
        <cusip>853254BX7</cusip>
        <identifiers>
          <isin value="US853254BX70"/>
          <other otherDesc="SEDOL" value="BMF9NP1"/>
        </identifiers>
        <balance>450000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>392637.17000000</valUSD>
        <pctVal>0.202331396073</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BELL CANADA</name>
        <lei>5493000G3EFX9S7TDE29</lei>
        <title>Bell Telephone Co of Canada or Bell Canada</title>
        <cusip>0778FPAQ2</cusip>
        <identifiers>
          <isin value="US0778FPAQ20"/>
          <other otherDesc="SEDOL" value="BP4YTK5"/>
        </identifiers>
        <balance>940000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>945979.34000000</valUSD>
        <pctVal>0.487476314376</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SOCIETE GENERALE</name>
        <lei>O2RNE8IBXP4R0TD8PU41</lei>
        <title>Societe Generale SA</title>
        <cusip>83367TBU2</cusip>
        <identifiers>
          <isin value="US83367TBU25"/>
          <other otherDesc="SEDOL" value="BF1B9J8"/>
        </identifiers>
        <balance>6000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5898092.40000000</valUSD>
        <pctVal>3.039369068040</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BANK OF MONTREAL</name>
        <lei>NQQ6HPCNCCU6TUTQYE16</lei>
        <title>Bank of Montreal</title>
        <cusip>06368L5Q5</cusip>
        <identifiers>
          <isin value="US06368L5Q57"/>
          <other otherDesc="SEDOL" value="BSF1W74"/>
        </identifiers>
        <balance>490000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>495830.02000000</valUSD>
        <pctVal>0.255508107298</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2084-11-26</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.30000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BNP PARIBAS</name>
        <lei>R0MUWSFPU8MPRO8K5P83</lei>
        <title>BNP Paribas SA</title>
        <cusip>05602XJC3</cusip>
        <identifiers>
          <isin value="US05602XJC39"/>
          <other otherDesc="SEDOL" value="BTFK591"/>
        </identifiers>
        <balance>975000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>987558.98000000</valUSD>
        <pctVal>0.508902881324</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.37500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DOMINION ENERGY INC</name>
        <lei>ILUL7B6Z54MRYCF6H308</lei>
        <title>Dominion Energy Inc</title>
        <cusip>25746UDV8</cusip>
        <identifiers>
          <isin value="US25746UDV89"/>
          <other otherDesc="SEDOL" value="BR85ZP5"/>
        </identifiers>
        <balance>1070000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1082682.01000000</valUSD>
        <pctVal>0.557921102036</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.62500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ANNALY CAPITAL MGMT</name>
        <lei>2DTL0G3FPRYUT58TI025</lei>
        <title>Annaly Capital Management Inc</title>
        <cusip>035710870</cusip>
        <identifiers>
          <isin value="US0357108705"/>
          <ticker value="NLY"/>
        </identifiers>
        <balance>4540.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>117949.20000000</valUSD>
        <pctVal>0.060780863670</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EDISON INTERNATIONAL</name>
        <lei>549300I7ROF15MAEVP56</lei>
        <title>Edison International</title>
        <cusip>281020AS6</cusip>
        <identifiers>
          <isin value="US281020AS67"/>
          <other otherDesc="SEDOL" value="BMCDH43"/>
        </identifiers>
        <balance>560000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>539077.28000000</valUSD>
        <pctVal>0.277794022032</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FIFTH THIRD BANCORP</name>
        <lei>THRNG6BD57P9QWTQLG42</lei>
        <title>Fifth Third Bancorp</title>
        <cusip>316773605</cusip>
        <identifiers>
          <isin value="US3167736053"/>
          <ticker value="FITB"/>
        </identifiers>
        <balance>169409.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4426657.17000000</valUSD>
        <pctVal>2.281118023400</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BANK OF AMERICA CORP</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>Bank of America Corp</title>
        <cusip>06055HAB9</cusip>
        <identifiers>
          <isin value="US06055HAB96"/>
          <other otherDesc="SEDOL" value="BPNXQ46"/>
        </identifiers>
        <balance>350000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>355177.20000000</valUSD>
        <pctVal>0.183027752388</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.12500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JPMORGAN CHASE &amp; CO</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
        <title>JPMorgan Chase &amp; Co</title>
        <cusip>48128BAN1</cusip>
        <identifiers>
          <isin value="US48128BAN10"/>
          <other otherDesc="SEDOL" value="BNZFNS9"/>
        </identifiers>
        <balance>850000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>831750.42000000</valUSD>
        <pctVal>0.428612562746</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.65000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ENTERPRISE PRODUCTS OPER</name>
        <lei>5493004LGN656HWLDA30</lei>
        <title>Enterprise Products Operating LLC</title>
        <cusip>29379VBN2</cusip>
        <identifiers>
          <isin value="US29379VBN29"/>
          <other otherDesc="SEDOL" value="BF47Q58"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>986613.80000000</valUSD>
        <pctVal>0.508415816921</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2077-08-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EVEREST REINSURANCE HLDG</name>
        <lei>254900P29PM5UJR3VU91</lei>
        <title>Everest Reinsurance Holdings Inc</title>
        <cusip>299808AE5</cusip>
        <identifiers>
          <isin value="US299808AE55"/>
          <other otherDesc="SEDOL" value="B1WP7R5"/>
        </identifiers>
        <balance>1519000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1482881.37000000</valUSD>
        <pctVal>0.764149399821</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-05-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.96959000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BANCO SANTANDER SA</name>
        <lei>5493006QMFDDMYWIAM13</lei>
        <title>Banco Santander SA</title>
        <cusip>05964HBH7</cusip>
        <identifiers>
          <isin value="US05964HBH75"/>
          <other otherDesc="SEDOL" value="BP091K8"/>
        </identifiers>
        <balance>1400000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1484085.40000000</valUSD>
        <pctVal>0.764769853231</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BANCO SANTANDER SA</name>
        <lei>5493006QMFDDMYWIAM13</lei>
        <title>Banco Santander SA</title>
        <cusip>05971KAQ2</cusip>
        <identifiers>
          <isin value="US05971KAQ22"/>
          <other otherDesc="SEDOL" value="BLFB1P6"/>
        </identifiers>
        <balance>1400000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1624341.60000000</valUSD>
        <pctVal>0.837045824336</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.62500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EQUITABLE HOLDINGS INC</name>
        <lei>549300FIBAKMNHPZ4009</lei>
        <title>Equitable Holdings Inc</title>
        <cusip>29452EAA9</cusip>
        <identifiers>
          <isin value="US29452EAA91"/>
          <other otherDesc="SEDOL" value="BMFM6G2"/>
        </identifiers>
        <balance>150000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>149624.06000000</valUSD>
        <pctVal>0.077103359689</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.95000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>M&amp;T BANK CORPORATION</name>
        <lei>549300WYXDDBYRASEG81</lei>
        <title>M&amp;T Bank Corp</title>
        <cusip>55261FAH7</cusip>
        <identifiers>
          <isin value="US55261FAH73"/>
          <other otherDesc="SEDOL" value="BF0BYS3"/>
        </identifiers>
        <balance>445000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>442476.81000000</valUSD>
        <pctVal>0.228014455934</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GENERAL MOTORS FINL CO</name>
        <lei>5493008B6JBRUJ90QL97</lei>
        <title>General Motors Financial Co Inc</title>
        <cusip>37045XCM6</cusip>
        <identifiers>
          <isin value="US37045XCM65"/>
          <other otherDesc="SEDOL" value="BFY34H4"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>994104.30000000</valUSD>
        <pctVal>0.512275775779</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FIRST HORIZON BANK</name>
        <lei>COOWI3L2W9TPYR3WJX37</lei>
        <title>First Horizon Bank</title>
        <cusip>337158208</cusip>
        <identifiers>
          <isin value="US3371582087"/>
          <ticker value="FHN"/>
        </identifiers>
        <balance>875.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>639843.75000000</valUSD>
        <pctVal>0.329720385887</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NEXTERA ENERGY CAPITAL</name>
        <lei>UMI46YPGBLUE4VGNNT48</lei>
        <title>NextEra Energy Capital Holdings Inc</title>
        <cusip>65339KDB3</cusip>
        <identifiers>
          <isin value="US65339KDB35"/>
          <other otherDesc="SEDOL" value="BSLSV16"/>
        </identifiers>
        <balance>875000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>899056.38000000</valUSD>
        <pctVal>0.463296260295</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GOLDMAN SACHS GROUP INC</name>
        <lei>784F5XWPLTWKTBV3E584</lei>
        <title>Goldman Sachs Group Inc/The</title>
        <cusip>38144GAB7</cusip>
        <identifiers>
          <isin value="US38144GAB77"/>
          <other otherDesc="SEDOL" value="BJRCCB6"/>
        </identifiers>
        <balance>300000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>302980.80000000</valUSD>
        <pctVal>0.156130221311</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.56000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MORGAN STANLEY</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>Morgan Stanley</title>
        <cusip>61763E207</cusip>
        <identifiers>
          <isin value="US61763E2072"/>
          <ticker value="MS"/>
        </identifiers>
        <balance>89000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2257040.00000000</valUSD>
        <pctVal>1.163084111963</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ARBOR REALTY TRUST INC</name>
        <lei>549300ASFUWYQO0RW077</lei>
        <title>Arbor Realty Trust Inc</title>
        <cusip>038923850</cusip>
        <identifiers>
          <isin value="US0389238504"/>
          <ticker value="ABR"/>
        </identifiers>
        <balance>67100.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1507737.00000000</valUSD>
        <pctVal>0.776957851752</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EUSHI FINANCE INC</name>
        <lei>N/A</lei>
        <title>EUSHI Finance Inc</title>
        <cusip>29882DAB9</cusip>
        <identifiers>
          <isin value="US29882DAB91"/>
          <other otherDesc="SEDOL" value="BP942M3"/>
        </identifiers>
        <balance>1475000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1546574.38000000</valUSD>
        <pctVal>0.796971293972</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.62500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AXIS SPECIALTY FINANCE</name>
        <lei>N/A</lei>
        <title>AXIS Specialty Finance LLC</title>
        <cusip>05463HAC5</cusip>
        <identifiers>
          <isin value="US05463HAC51"/>
          <other otherDesc="SEDOL" value="BKKCM65"/>
        </identifiers>
        <balance>880000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>833658.06000000</valUSD>
        <pctVal>0.429595596177</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.90000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SEMPRA</name>
        <lei>PBBKGKLRK5S5C0Y4T545</lei>
        <title>Sempra</title>
        <cusip>816851BT5</cusip>
        <identifiers>
          <isin value="US816851BT54"/>
          <other otherDesc="SEDOL" value="BP4YH56"/>
        </identifiers>
        <balance>800000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>772871.87000000</valUSD>
        <pctVal>0.398271626812</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.40000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NATWEST GROUP PLC</name>
        <lei>2138005O9XJIJN4JPN90</lei>
        <title>NatWest Group PLC</title>
        <cusip>639057AD0</cusip>
        <identifiers>
          <isin value="US639057AD02"/>
          <other otherDesc="SEDOL" value="BLB2PM8"/>
        </identifiers>
        <balance>425000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>368206.78000000</valUSD>
        <pctVal>0.189742076230</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.60000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NISOURCE INC</name>
        <lei>549300D8GOWWH0SJB189</lei>
        <title>NiSource Inc</title>
        <cusip>65473PAT2</cusip>
        <identifiers>
          <isin value="US65473PAT21"/>
          <other otherDesc="SEDOL" value="BTFJ231"/>
        </identifiers>
        <balance>400000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>399725.32000000</valUSD>
        <pctVal>0.205984018378</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-03-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.37500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>M&amp;T BANK CORPORATION</name>
        <lei>549300WYXDDBYRASEG81</lei>
        <title>M&amp;T Bank Corp</title>
        <cusip>55261FAN4</cusip>
        <identifiers>
          <isin value="US55261FAN42"/>
          <other otherDesc="SEDOL" value="BPCKX47"/>
        </identifiers>
        <balance>725000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>692040.34000000</valUSD>
        <pctVal>0.356618014874</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ENBRIDGE INC</name>
        <lei>98TPTUM4IVMFCZBCUR27</lei>
        <title>Enbridge Inc</title>
        <cusip>29250NAN5</cusip>
        <identifiers>
          <isin value="US29250NAN57"/>
          <other otherDesc="SEDOL" value="BD9N4C0"/>
        </identifiers>
        <balance>1500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1494381.00000000</valUSD>
        <pctVal>0.770075319143</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2077-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WELLS FARGO &amp; COMPANY</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>Wells Fargo &amp; Co</title>
        <cusip>949746TD3</cusip>
        <identifiers>
          <isin value="US949746TD35"/>
          <other otherDesc="SEDOL" value="BMDJ3N1"/>
        </identifiers>
        <balance>925000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>907694.27000000</valUSD>
        <pctVal>0.467747485182</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.90000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LLOYDS BANKING GROUP PLC</name>
        <lei>549300PPXHEU2JF0AM85</lei>
        <title>Lloyds Banking Group PLC</title>
        <cusip>539439AU3</cusip>
        <identifiers>
          <isin value="US539439AU36"/>
          <other otherDesc="SEDOL" value="BGGFFH2"/>
        </identifiers>
        <balance>2750000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2782538.00000000</valUSD>
        <pctVal>1.433880542096</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BANCO MERCANTIL DE NORTE</name>
        <lei>549300QTVYRPFHS0J362</lei>
        <title>Banco Mercantil del Norte SA/Grand Cayman</title>
        <cusip>05971PAB4</cusip>
        <identifiers>
          <isin value="US05971PAB40"/>
          <other otherDesc="SEDOL" value="BK5VM23"/>
        </identifiers>
        <balance>1077000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1068702.47000000</valUSD>
        <pctVal>0.550717250590</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WELLS FARGO &amp; COMPANY</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>Wells Fargo &amp; Co</title>
        <cusip>94988U128</cusip>
        <identifiers>
          <isin value="US94988U1280"/>
          <ticker value="WFC"/>
        </identifiers>
        <balance>32938.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>664359.46000000</valUSD>
        <pctVal>0.342353672313</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SEMPRA</name>
        <lei>PBBKGKLRK5S5C0Y4T545</lei>
        <title>Sempra</title>
        <cusip>816851BM0</cusip>
        <identifiers>
          <isin value="US816851BM02"/>
          <other otherDesc="SEDOL" value="BMVVWC1"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>947242.70000000</valUSD>
        <pctVal>0.488127341359</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.12500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DOMINION ENERGY INC</name>
        <lei>ILUL7B6Z54MRYCF6H308</lei>
        <title>Dominion Energy Inc</title>
        <cusip>25746UDM8</cusip>
        <identifiers>
          <isin value="US25746UDM80"/>
          <other otherDesc="SEDOL" value="BP6NM01"/>
        </identifiers>
        <balance>650000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>632099.26000000</valUSD>
        <pctVal>0.325729542449</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.35000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CITIGROUP INC</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>Citigroup Inc</title>
        <cusip>172967PK1</cusip>
        <identifiers>
          <isin value="US172967PK15"/>
          <other otherDesc="SEDOL" value="BRJNZR0"/>
        </identifiers>
        <balance>1250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1279458.75000000</valUSD>
        <pctVal>0.659322893717</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.12500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COREBRIDGE FINANCIAL INC</name>
        <lei>549300XY1661QCIA7J65</lei>
        <title>Corebridge Financial Inc</title>
        <cusip>21871XAT6</cusip>
        <identifiers>
          <isin value="US21871XAT63"/>
          <other otherDesc="SEDOL" value="BPLQM16"/>
        </identifiers>
        <balance>800000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>800946.32000000</valUSD>
        <pctVal>0.412738781469</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.37500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SEMPRA</name>
        <lei>PBBKGKLRK5S5C0Y4T545</lei>
        <title>Sempra</title>
        <cusip>816851BK4</cusip>
        <identifiers>
          <isin value="US816851BK46"/>
          <other otherDesc="SEDOL" value="BMVT1B7"/>
        </identifiers>
        <balance>1400000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1394189.72000000</valUSD>
        <pctVal>0.718445358697</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.87500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>STANDARD CHARTERED PLC</name>
        <lei>U4LOSYZ7YG4W3S5F2G91</lei>
        <title>Standard Chartered PLC</title>
        <cusip>853254CM0</cusip>
        <identifiers>
          <isin value="US853254CM07"/>
          <other otherDesc="SEDOL" value="BQB53W8"/>
        </identifiers>
        <balance>2420000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2512540.80000000</valUSD>
        <pctVal>1.294747228732</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CNO FINANCIAL GROUP INC</name>
        <lei>11XPYHB76MPM4Y4P2897</lei>
        <title>CNO Financial Group Inc</title>
        <cusip>12621E301</cusip>
        <identifiers>
          <isin value="US12621E3018"/>
          <ticker value="CNO"/>
        </identifiers>
        <balance>16100.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>316848.00000000</valUSD>
        <pctVal>0.163276182392</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MORGAN STANLEY</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>Morgan Stanley</title>
        <cusip>61762V606</cusip>
        <identifiers>
          <isin value="US61762V6065"/>
          <ticker value="MS"/>
        </identifiers>
        <balance>126844.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3153341.84000000</valUSD>
        <pctVal>1.624960919475</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>QWEST CORP</name>
        <lei>549300R2L4N683OO1509</lei>
        <title>Qwest Corp</title>
        <cusip>74913G881</cusip>
        <identifiers>
          <isin value="US74913G8814"/>
          <ticker value="CTL"/>
        </identifiers>
        <balance>29941.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>546423.25000000</valUSD>
        <pctVal>0.281579502570</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ACE CAPITAL TRUST II</name>
        <lei>N/A</lei>
        <title>ACE Capital Trust II</title>
        <cusip>00440FAA2</cusip>
        <identifiers>
          <isin value="US00440FAA21"/>
          <other otherDesc="Sedol" value="2582294"/>
        </identifiers>
        <balance>1440000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1688812.76000000</valUSD>
        <pctVal>0.870268710008</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.70000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ALLY FINANCIAL INC</name>
        <lei>549300JBN1OSM8YNAI90</lei>
        <title>Ally Financial Inc</title>
        <cusip>02005NBM1</cusip>
        <identifiers>
          <isin value="US02005NBM11"/>
          <other otherDesc="SEDOL" value="BN7N9G1"/>
        </identifiers>
        <balance>1390000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1350641.18000000</valUSD>
        <pctVal>0.696004190187</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.70000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KUVARE US HOLDINGS INC</name>
        <lei>254900MGBERNLZXF7O58</lei>
        <title>Kuvare US Holdings Inc</title>
        <cusip>50149XAA2</cusip>
        <identifiers>
          <isin value="US50149XAA28"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1001755.52000000</valUSD>
        <pctVal>0.516218555888</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-02-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TPG RE FINANCE TRUST INC</name>
        <lei>N/A</lei>
        <title>TPG RE Finance Trust Inc</title>
        <cusip>87266M206</cusip>
        <identifiers>
          <isin value="US87266M2061"/>
          <ticker value="TRTX"/>
        </identifiers>
        <balance>28200.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>504498.00000000</valUSD>
        <pctVal>0.259974837981</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KEYCORP</name>
        <lei>RKPI3RZGV1V1FJTH5T61</lei>
        <title>KeyCorp</title>
        <cusip>493267702</cusip>
        <identifiers>
          <isin value="US4932677028"/>
          <ticker value="KEY"/>
        </identifiers>
        <balance>78103.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1974443.84000000</valUSD>
        <pctVal>1.017458379234</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JPMORGAN CHASE &amp; CO</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
        <title>JPMorgan Chase &amp; Co</title>
        <cusip>48128BAQ4</cusip>
        <identifiers>
          <isin value="US48128BAQ41"/>
          <other otherDesc="SEDOL" value="BPBMPJ3"/>
        </identifiers>
        <balance>1700000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1789275.50000000</valUSD>
        <pctVal>0.922038557568</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.87500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ALGONQUIN PWR &amp; UTILITY</name>
        <lei>549300K5VIUTJXQL7X75</lei>
        <title>Algonquin Power &amp; Utilities Corp</title>
        <cusip>015857AH8</cusip>
        <identifiers>
          <isin value="US015857AH86"/>
          <other otherDesc="SEDOL" value="BPLFC79"/>
        </identifiers>
        <balance>800000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>767011.68000000</valUSD>
        <pctVal>0.395251789378</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2082-01-18</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VALLEY NATIONAL BANCORP</name>
        <lei>549300ET52S1UBIB9762</lei>
        <title>Valley National Bancorp</title>
        <cusip>919794404</cusip>
        <identifiers>
          <isin value="US9197944047"/>
          <ticker value="VLY"/>
        </identifiers>
        <balance>8300.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>211650.00000000</valUSD>
        <pctVal>0.109066189476</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BARCLAYS PLC</name>
        <lei>213800LBQA1Y9L22JB70</lei>
        <title>Barclays PLC</title>
        <cusip>06738EDC6</cusip>
        <identifiers>
          <isin value="US06738EDC66"/>
          <other otherDesc="SEDOL" value="BQXSVK9"/>
        </identifiers>
        <balance>775000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>778456.69000000</valUSD>
        <pctVal>0.401149562254</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.62500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>F&amp;G ANNUITIES &amp; LIFE INC</name>
        <lei>N/A</lei>
        <title>F&amp;G Annuities &amp; Life Inc</title>
        <cusip>30190A609</cusip>
        <identifiers>
          <isin value="US30190A6091"/>
          <ticker value="FG"/>
        </identifiers>
        <balance>23800.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>590716.00000000</valUSD>
        <pctVal>0.304404172846</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WESTERN ALLIANCE BANCORP</name>
        <lei>5493003VJXZ5JXT9S762</lei>
        <title>Western Alliance Bancorp</title>
        <cusip>957638406</cusip>
        <identifiers>
          <isin value="US9576384062"/>
          <ticker value="WAL"/>
        </identifiers>
        <balance>25300.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>575575.00000000</valUSD>
        <pctVal>0.296601804905</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ARBOR REALTY TRUST INC</name>
        <lei>549300ASFUWYQO0RW077</lei>
        <title>Arbor Realty Trust Inc</title>
        <cusip>038923876</cusip>
        <identifiers>
          <isin value="US0389238769"/>
          <ticker value="ABR"/>
        </identifiers>
        <balance>9792.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>174689.28000000</valUSD>
        <pctVal>0.090019816263</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ROYAL BANK OF CANADA</name>
        <lei>ES7IP3U3RHIGC71XBU11</lei>
        <title>Royal Bank of Canada</title>
        <cusip>780082AR4</cusip>
        <identifiers>
          <isin value="US780082AR49"/>
          <other otherDesc="SEDOL" value="BLN8XD1"/>
        </identifiers>
        <balance>940000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>975576.96000000</valUSD>
        <pctVal>0.502728379724</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2084-05-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VALLEY NATIONAL BANCORP</name>
        <lei>549300ET52S1UBIB9762</lei>
        <title>Valley National Bancorp</title>
        <cusip>919794305</cusip>
        <identifiers>
          <isin value="US9197943056"/>
          <ticker value="VLY"/>
        </identifiers>
        <balance>38203.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>968064.02000000</valUSD>
        <pctVal>0.498856857222</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CADENCE BANK</name>
        <lei>Q7C315HKI8VX0SSKBS64</lei>
        <title>Cadence Bank</title>
        <cusip>12740C202</cusip>
        <identifiers>
          <isin value="US12740C2026"/>
          <ticker value="CADE"/>
        </identifiers>
        <balance>23546.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>497056.06000000</valUSD>
        <pctVal>0.256139902766</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LIBERTY MUTUAL INSURANCE</name>
        <lei>CNC20I6IOMGF7KY49D67</lei>
        <title>Liberty Mutual Insurance Co</title>
        <cusip>53079QAD9</cusip>
        <identifiers>
          <isin value="US53079QAD97"/>
          <other otherDesc="SEDOL" value="2567376"/>
        </identifiers>
        <balance>3000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3502690.41000000</valUSD>
        <pctVal>1.804985097737</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2097-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.69700000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ROGERS COMMUNICATIONS IN</name>
        <lei>5493000M6Z4XFIP6PF03</lei>
        <title>Rogers Communications Inc</title>
        <cusip>775109DH1</cusip>
        <identifiers>
          <isin value="US775109DH13"/>
          <other otherDesc="SEDOL" value="BSNZ6B0"/>
        </identifiers>
        <balance>710000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>714545.14000000</valUSD>
        <pctVal>0.368215051401</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.12500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>METLIFE INC</name>
        <lei>C4BXATY60WC6XEOZDX54</lei>
        <title>MetLife Inc</title>
        <cusip>59156RBS6</cusip>
        <identifiers>
          <isin value="US59156RBS67"/>
          <other otherDesc="SEDOL" value="BDFBTL2"/>
        </identifiers>
        <balance>5335000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6350751.99000000</valUSD>
        <pctVal>3.272630852172</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-04-08</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CAPITAL ONE FINANCIAL CO</name>
        <lei>ZUE8T73ROZOF6FLBAR73</lei>
        <title>Capital One Financial Corp</title>
        <cusip>14040H824</cusip>
        <identifiers>
          <isin value="US14040H8245"/>
          <ticker value="COF"/>
        </identifiers>
        <balance>17820.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>356756.40000000</valUSD>
        <pctVal>0.183841536118</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FIRST CITIZENS BANCSHARE</name>
        <lei>549300N3Z00ZHE2XC526</lei>
        <title>First Citizens BancShares Inc/NC</title>
        <cusip>319626305</cusip>
        <identifiers>
          <isin value="US3196263053"/>
          <ticker value="FCNCA"/>
        </identifiers>
        <balance>19620.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>440272.80000000</valUSD>
        <pctVal>0.226878698919</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CITIGROUP INC</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>Citigroup Inc</title>
        <cusip>172967PM7</cusip>
        <identifiers>
          <isin value="US172967PM70"/>
          <other otherDesc="SEDOL" value="BPDZKQ2"/>
        </identifiers>
        <balance>1185000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1249279.14000000</valUSD>
        <pctVal>0.643770920825</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LAND O'LAKES INC</name>
        <lei>4ONCJWH5BBCYSJIJYX61</lei>
        <title>Land O' Lakes Inc</title>
        <cusip>514666AN6</cusip>
        <identifiers>
          <isin value="US514666AN65"/>
          <other otherDesc="SEDOL" value="BGQV9Y5"/>
        </identifiers>
        <balance>1500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1238025.00000000</valUSD>
        <pctVal>0.637971505916</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TORONTO-DOMINION BANK</name>
        <lei>PT3QB789TSUIDF371261</lei>
        <title>Toronto-Dominion Bank/The</title>
        <cusip>89116CKP1</cusip>
        <identifiers>
          <isin value="US89116CKP13"/>
          <other otherDesc="SEDOL" value="BPLZ2M4"/>
        </identifiers>
        <balance>490000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>496514.57000000</valUSD>
        <pctVal>0.255860865436</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2084-07-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COBANK ACB</name>
        <lei>P0J8I7M2E0A77CKF1705</lei>
        <title>CoBank ACB</title>
        <cusip>19075QAG7</cusip>
        <identifiers>
          <isin value="US19075QAG73"/>
          <other otherDesc="SEDOL" value="BN7T0V1"/>
        </identifiers>
        <balance>535000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>548071.12000000</valUSD>
        <pctVal>0.282428672906</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.12500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BNP PARIBAS</name>
        <lei>R0MUWSFPU8MPRO8K5P83</lei>
        <title>BNP Paribas SA</title>
        <cusip>05565ASK0</cusip>
        <identifiers>
          <isin value="US05565ASK06"/>
          <other otherDesc="SEDOL" value="BMW2YP0"/>
        </identifiers>
        <balance>475000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>415350.10000000</valUSD>
        <pctVal>0.214035684884</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BlackRock Liquidity Funds T-Fund</name>
        <lei>5493002L9DNZ83RX7V61</lei>
        <title>BlackRock Liquidity Funds T-Fund</title>
        <cusip>09248U718</cusip>
        <identifiers>
          <isin value="US09248U7182"/>
          <ticker value="TSTXX"/>
        </identifiers>
        <balance>4091767.86000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4091767.86000000</valUSD>
        <pctVal>2.108544902973</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SCE TRUST VIII</name>
        <lei>N/A</lei>
        <title>SCE Trust VIII</title>
        <cusip>80620A208</cusip>
        <identifiers>
          <isin value="US80620A2087"/>
          <ticker value="EIX"/>
        </identifiers>
        <balance>28900.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>667590.00000000</valUSD>
        <pctVal>0.344018414518</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CITIGROUP INC</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>Citigroup Inc</title>
        <cusip>172967NB3</cusip>
        <identifiers>
          <isin value="US172967NB34"/>
          <other otherDesc="SEDOL" value="BN72LH3"/>
        </identifiers>
        <balance>450000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>437013.14000000</valUSD>
        <pctVal>0.225198950773</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.15000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ATHENE HOLDING LTD</name>
        <lei>549300H316CT32FQXI76</lei>
        <title>Athene Holding Ltd</title>
        <cusip>04686J838</cusip>
        <identifiers>
          <isin value="US04686J8383"/>
          <ticker value="ATH"/>
        </identifiers>
        <balance>38520.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>997282.80000000</valUSD>
        <pctVal>0.513913701048</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DIME COMMUNITY BANCSHARE</name>
        <lei>0002487650</lei>
        <title>Dime Community Bancshares Inc</title>
        <cusip>25432X300</cusip>
        <identifiers>
          <isin value="US25432X3008"/>
          <ticker value="DCOM"/>
        </identifiers>
        <balance>19600.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>511168.00000000</valUSD>
        <pctVal>0.263411981774</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CVS HEALTH CORP</name>
        <lei>549300EJG376EN5NQE29</lei>
        <title>CVS Health Corp</title>
        <cusip>126650EH9</cusip>
        <identifiers>
          <isin value="US126650EH94"/>
          <other otherDesc="SEDOL" value="BQ2KRF3"/>
        </identifiers>
        <balance>660000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>667612.44000000</valUSD>
        <pctVal>0.344029978162</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-03-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SOCIETE GENERALE</name>
        <lei>O2RNE8IBXP4R0TD8PU41</lei>
        <title>Societe Generale SA</title>
        <cusip>83370RAB4</cusip>
        <identifiers>
          <isin value="US83370RAB42"/>
          <other otherDesc="SEDOL" value="BLNPKQ4"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>980835.90000000</valUSD>
        <pctVal>0.505438384668</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LIBERTY MUTUAL GROUP INC</name>
        <lei>QUR0DG15Z6FFGYCHH861</lei>
        <title>Liberty Mutual Group Inc</title>
        <cusip>53079EBM5</cusip>
        <identifiers>
          <isin value="US53079EBM57"/>
          <other otherDesc="SEDOL" value="BLNL7Z0"/>
        </identifiers>
        <balance>940000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>899512.57000000</valUSD>
        <pctVal>0.463531341348</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.12500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CANADIAN IMPERIAL BANK</name>
        <lei>2IGI19DL77OX0HC3ZE78</lei>
        <title>Canadian Imperial Bank of Commerce</title>
        <cusip>13607PNF7</cusip>
        <identifiers>
          <isin value="US13607PNF70"/>
          <other otherDesc="SEDOL" value="BRBFV10"/>
        </identifiers>
        <balance>685000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>688175.97000000</valUSD>
        <pctVal>0.354626651252</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2085-01-28</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.95000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CREDIT AGRICOLE SA</name>
        <lei>969500TJ5KRTCJQWXH05</lei>
        <title>Credit Agricole SA</title>
        <cusip>225313AP0</cusip>
        <identifiers>
          <isin value="US225313AP06"/>
          <other otherDesc="SEDOL" value="BNYLJX5"/>
        </identifiers>
        <balance>480000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>441824.06000000</valUSD>
        <pctVal>0.227678084778</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NEVADA POWER CO</name>
        <lei>MJZFGXRJ52U8U4MKJ519</lei>
        <title>Nevada Power Co</title>
        <cusip>641423CH9</cusip>
        <identifiers>
          <isin value="US641423CH90"/>
          <other otherDesc="SEDOL" value="BT9N5L8"/>
        </identifiers>
        <balance>238000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>238108.24000000</valUSD>
        <pctVal>0.122700488636</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VOYA FINANCIAL INC</name>
        <lei>549300T065Z4KJ686G75</lei>
        <title>Voya Financial Inc</title>
        <cusip>929089209</cusip>
        <identifiers>
          <isin value="US9290892093"/>
          <ticker value="VOYA"/>
        </identifiers>
        <balance>33000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>827310.00000000</valUSD>
        <pctVal>0.426324352545</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ROYAL BANK OF CANADA</name>
        <lei>ES7IP3U3RHIGC71XBU11</lei>
        <title>Royal Bank of Canada</title>
        <cusip>780082AT0</cusip>
        <identifiers>
          <isin value="US780082AT05"/>
          <other otherDesc="SEDOL" value="BN6RX39"/>
        </identifiers>
        <balance>1370000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1322494.70000000</valUSD>
        <pctVal>0.681499917469</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2084-11-24</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.35000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DELPHI FINANCIAL GROUP</name>
        <lei>5493001NGT0EEYMZG011</lei>
        <title>Delphi Financial Group Inc</title>
        <cusip>247131303</cusip>
        <identifiers>
          <isin value="US2471313039"/>
          <ticker value="TOMARI"/>
        </identifiers>
        <balance>224200.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5448060.00000000</valUSD>
        <pctVal>2.807461111465</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FULTON FINANCIAL CORP</name>
        <lei>5493005QLZ6O1BNC0C11</lei>
        <title>Fulton Financial Corp</title>
        <cusip>360271308</cusip>
        <identifiers>
          <isin value="US3602713089"/>
          <ticker value="FULT"/>
        </identifiers>
        <balance>11400.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>229824.00000000</valUSD>
        <pctVal>0.118431504513</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BARCLAYS PLC</name>
        <lei>213800LBQA1Y9L22JB70</lei>
        <title>Barclays PLC</title>
        <cusip>06738EBX2</cusip>
        <identifiers>
          <isin value="US06738EBX22"/>
          <other otherDesc="SEDOL" value="BNYNTB9"/>
        </identifiers>
        <balance>485000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>506244.46000000</valUSD>
        <pctVal>0.260874813116</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PNC FINANCIAL SERVICES</name>
        <lei>CFGNEKW0P8842LEUIA51</lei>
        <title>PNC Financial Services Group Inc/The</title>
        <cusip>693475BP9</cusip>
        <identifiers>
          <isin value="US693475BP99"/>
          <other otherDesc="SEDOL" value="BR1H6S8"/>
        </identifiers>
        <balance>1365000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1373655.47000000</valUSD>
        <pctVal>0.707863773999</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TPG OPERATING GROUP II</name>
        <lei>2549001H9RJQNZT7MU11</lei>
        <title>TPG Operating Group II LP</title>
        <cusip>872652102</cusip>
        <identifiers>
          <isin value="US8726521029"/>
          <ticker value="TPG"/>
        </identifiers>
        <balance>27380.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>703118.40000000</valUSD>
        <pctVal>0.362326693310</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WELLS FARGO &amp; COMPANY</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>Wells Fargo &amp; Co</title>
        <cusip>95002YAA1</cusip>
        <identifiers>
          <isin value="US95002YAA10"/>
          <other otherDesc="SEDOL" value="BR1W898"/>
        </identifiers>
        <balance>2400000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2558037.31000000</valUSD>
        <pctVal>1.318192213283</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.62500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NATWEST GROUP PLC</name>
        <lei>2138005O9XJIJN4JPN90</lei>
        <title>NatWest Group PLC</title>
        <cusip>639057AQ1</cusip>
        <identifiers>
          <isin value="US639057AQ15"/>
          <other otherDesc="SEDOL" value="BSCC065"/>
        </identifiers>
        <balance>285000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>304167.96000000</valUSD>
        <pctVal>0.156741981375</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.12500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ALLY FINANCIAL INC</name>
        <lei>549300JBN1OSM8YNAI90</lei>
        <title>ALLY FINANCIAL INC</title>
        <cusip>02005NBN9</cusip>
        <identifiers>
          <isin value="US02005NBN93"/>
          <other otherDesc="SEDOL" value="BN0ZM87"/>
        </identifiers>
        <balance>925000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>841981.49000000</valUSD>
        <pctVal>0.433884775451</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.70000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TRUIST FINANCIAL CORP</name>
        <lei>549300DRQQI75D2JP341</lei>
        <title>Truist Financial Corp</title>
        <cusip>89832QAF6</cusip>
        <identifiers>
          <isin value="US89832QAF63"/>
          <other otherDesc="SEDOL" value="BMYXXZ4"/>
        </identifiers>
        <balance>585000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>573623.51000000</valUSD>
        <pctVal>0.295596174959</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.10000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GOLDMAN SACHS GROUP INC</name>
        <lei>784F5XWPLTWKTBV3E584</lei>
        <title>Goldman Sachs Group Inc/The</title>
        <cusip>38141GB52</cusip>
        <identifiers>
          <isin value="US38141GB524"/>
          <other otherDesc="SEDOL" value="BP092R2"/>
        </identifiers>
        <balance>800000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>794010.72000000</valUSD>
        <pctVal>0.409164770301</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.12500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SOUTH BOW CAN INFRA HOLD</name>
        <lei>2549004FYUSYLPBT1G26</lei>
        <title>South Bow Canadian Infrastructure Holdings Ltd</title>
        <cusip>836720AH5</cusip>
        <identifiers>
          <isin value="US836720AH56"/>
          <other otherDesc="SEDOL" value="BSMNPH4"/>
        </identifiers>
        <balance>685000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>706288.15000000</valUSD>
        <pctVal>0.363960109582</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DISCOVER FINANCIAL SVS</name>
        <lei>Z1YLO2USPORE63VVUL20</lei>
        <title>Discover Financial Services</title>
        <cusip>254709AQ1</cusip>
        <identifiers>
          <isin value="US254709AQ15"/>
          <other otherDesc="SEDOL" value="BL57VP4"/>
        </identifiers>
        <balance>880000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>881640.14000000</valUSD>
        <pctVal>0.454321429528</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.12500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DIME COMMUNITY BANCSHARE</name>
        <lei>0002487650</lei>
        <title>Dime Community Bancshares Inc</title>
        <cusip>25432X201</cusip>
        <identifiers>
          <isin value="US25432X2018"/>
          <ticker value="DCOM"/>
        </identifiers>
        <balance>39000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>753480.00000000</valUSD>
        <pctVal>0.388278726421</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SBL HOLDINGS INC</name>
        <lei>635400MJW3QDSBJRKQ59</lei>
        <title>SBL Holdings Inc</title>
        <cusip>78397DAC2</cusip>
        <identifiers>
          <isin value="US78397DAC20"/>
          <other otherDesc="SEDOL" value="BMFC576"/>
        </identifiers>
        <balance>1500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1395933.60000000</valUSD>
        <pctVal>0.719344004322</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EXELON CORP</name>
        <lei>3SOUA6IRML7435B56G12</lei>
        <title>Exelon Corp</title>
        <cusip>30161NBQ3</cusip>
        <identifiers>
          <isin value="US30161NBQ34"/>
          <other otherDesc="SEDOL" value="BRX9ZV8"/>
        </identifiers>
        <balance>470000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>471228.31000000</valUSD>
        <pctVal>0.242830503875</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GOLDMAN SACHS GROUP INC</name>
        <lei>784F5XWPLTWKTBV3E584</lei>
        <title>Goldman Sachs Group Inc/The</title>
        <cusip>38148BAE8</cusip>
        <identifiers>
          <isin value="US38148BAE83"/>
          <other otherDesc="SEDOL" value="BK6Q153"/>
        </identifiers>
        <balance>830000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>837707.38000000</valUSD>
        <pctVal>0.431682267107</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.37900000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>METLIFE INC</name>
        <lei>C4BXATY60WC6XEOZDX54</lei>
        <title>MetLife Inc</title>
        <cusip>59156RAV0</cusip>
        <identifiers>
          <isin value="US59156RAV06"/>
          <other otherDesc="SEDOL" value="B3Q5R19"/>
        </identifiers>
        <balance>3640000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4934420.40000000</valUSD>
        <pctVal>2.542775479826</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>10.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SCE TRUST VII</name>
        <lei>N/A</lei>
        <title>SCE Trust VII</title>
        <cusip>783892201</cusip>
        <identifiers>
          <isin value="US7838922018"/>
          <ticker value="EIX"/>
        </identifiers>
        <balance>43600.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1035936.00000000</valUSD>
        <pctVal>0.533832232752</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SOUTHERN CO</name>
        <lei>549300FC3G3YU2FBZD92</lei>
        <title>Southern Co/The</title>
        <cusip>842587DJ3</cusip>
        <identifiers>
          <isin value="US842587DJ36"/>
          <other otherDesc="SEDOL" value="BMFS897"/>
        </identifiers>
        <balance>832000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>807864.35000000</valUSD>
        <pctVal>0.416303738571</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SCE TRUST V</name>
        <lei>N/A</lei>
        <title>SCE Trust V</title>
        <cusip>78409W201</cusip>
        <identifiers>
          <isin value="US78409W2017"/>
          <ticker value="EIX"/>
        </identifiers>
        <balance>44140.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1060684.20000000</valUSD>
        <pctVal>0.546585324509</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PNC FINANCIAL SERVICES</name>
        <lei>CFGNEKW0P8842LEUIA51</lei>
        <title>PNC Financial Services Group Inc/The</title>
        <cusip>693475BF1</cusip>
        <identifiers>
          <isin value="US693475BF18"/>
          <other otherDesc="SEDOL" value="BPLHNP0"/>
        </identifiers>
        <balance>760000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>771153.00000000</valUSD>
        <pctVal>0.397385869188</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.20000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PRUDENTIAL FINANCIAL INC</name>
        <lei>5PRBRS5FEH7NREC8OR45</lei>
        <title>Prudential Financial Inc</title>
        <cusip>744320BL5</cusip>
        <identifiers>
          <isin value="US744320BL59"/>
          <other otherDesc="SEDOL" value="BNZGRY6"/>
        </identifiers>
        <balance>400000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>417791.60000000</valUSD>
        <pctVal>0.215293823800</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COMERICA INC</name>
        <lei>I9Q57JVPWHHZ3ZGBW498</lei>
        <title>Comerica Inc</title>
        <cusip>200340AU1</cusip>
        <identifiers>
          <isin value="US200340AU17"/>
          <other otherDesc="SEDOL" value="BMH5P62"/>
        </identifiers>
        <balance>6685000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6672934.91000000</valUSD>
        <pctVal>3.438656193060</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.62500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CAPITAL ONE FINANCIAL CO</name>
        <lei>ZUE8T73ROZOF6FLBAR73</lei>
        <title>Capital One Financial Corp</title>
        <cusip>14040HCF0</cusip>
        <identifiers>
          <isin value="US14040HCF01"/>
          <other otherDesc="SEDOL" value="BMCQHF3"/>
        </identifiers>
        <balance>1180000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1142455.11000000</valUSD>
        <pctVal>0.588723012029</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.95000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SBL HOLDINGS INC</name>
        <lei>635400MJW3QDSBJRKQ59</lei>
        <title>SBL Holdings Inc</title>
        <cusip>78397DAA6</cusip>
        <identifiers>
          <isin value="US78397DAA63"/>
          <other otherDesc="SEDOL" value="BK8ZZ56"/>
        </identifiers>
        <balance>1300000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1278541.68000000</valUSD>
        <pctVal>0.658850314788</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PNC FINANCIAL SERVICES</name>
        <lei>CFGNEKW0P8842LEUIA51</lei>
        <title>PNC Financial Services Group Inc/The</title>
        <cusip>693475BC8</cusip>
        <identifiers>
          <isin value="US693475BC86"/>
          <other otherDesc="SEDOL" value="BNHXFV8"/>
        </identifiers>
        <balance>400000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>380667.00000000</valUSD>
        <pctVal>0.196163000943</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.40000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ENERGY TRANSFER LP</name>
        <lei>MTLVN9N7JE8MIBIJ1H73</lei>
        <title>Energy Transfer LP</title>
        <cusip>29273VAX8</cusip>
        <identifiers>
          <isin value="US29273VAX82"/>
          <other otherDesc="SEDOL" value="BRF20T8"/>
        </identifiers>
        <balance>1100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1170404.40000000</valUSD>
        <pctVal>0.603125669997</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UBS GROUP AG</name>
        <lei>549300SZJ9VS8SGXAN81</lei>
        <title>UBS Group AG</title>
        <cusip>902613AD0</cusip>
        <identifiers>
          <isin value="US902613AD01"/>
          <other otherDesc="SEDOL" value="BKPCCS2"/>
        </identifiers>
        <balance>675000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>591885.90000000</valUSD>
        <pctVal>0.305007038592</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.37500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CITIZENS FINANCIAL GROUP</name>
        <lei>2138004JDDA4ZQUPFW65</lei>
        <title>Citizens Financial Group Inc</title>
        <cusip>174610AQ8</cusip>
        <identifiers>
          <isin value="US174610AQ88"/>
          <other otherDesc="SEDOL" value="BGHW226"/>
        </identifiers>
        <balance>2325000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2338350.15000000</valUSD>
        <pctVal>1.204984363445</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.71466000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NISOURCE INC</name>
        <lei>549300D8GOWWH0SJB189</lei>
        <title>NiSource Inc</title>
        <cusip>65473PAR6</cusip>
        <identifiers>
          <isin value="US65473PAR64"/>
          <other otherDesc="SEDOL" value="BNRR1H8"/>
        </identifiers>
        <balance>740000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>757942.78000000</valUSD>
        <pctVal>0.390578459041</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-11-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.95000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DEUTSCHE BANK AG</name>
        <lei>7LTWFZYICNSX8D621K86</lei>
        <title>Deutsche Bank AG</title>
        <cusip>251525AX9</cusip>
        <identifiers>
          <isin value="US251525AX97"/>
          <other otherDesc="SEDOL" value="BLF2HX9"/>
        </identifiers>
        <balance>400000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>399772.40000000</valUSD>
        <pctVal>0.206008279357</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CMS ENERGY CORP</name>
        <lei>549300IA9XFBAGNIBW29</lei>
        <title>CMS Energy Corp</title>
        <cusip>125896BY5</cusip>
        <identifiers>
          <isin value="US125896BY50"/>
          <other otherDesc="SEDOL" value="BQXSW17"/>
        </identifiers>
        <balance>470000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>466712.44000000</valUSD>
        <pctVal>0.240503413240</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GOLDMAN SACHS GROUP INC</name>
        <lei>784F5XWPLTWKTBV3E584</lei>
        <title>Goldman Sachs Group Inc/The</title>
        <cusip>38141GA38</cusip>
        <identifiers>
          <isin value="US38141GA385"/>
          <other otherDesc="SEDOL" value="BPK6RS9"/>
        </identifiers>
        <balance>405000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>430121.34000000</valUSD>
        <pctVal>0.221647510354</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ENSTAR FINANCE LLC</name>
        <lei>N/A</lei>
        <title>Enstar Finance LLC</title>
        <cusip>29360AAB6</cusip>
        <identifiers>
          <isin value="US29360AAB61"/>
          <other otherDesc="SEDOL" value="BPLFC57"/>
        </identifiers>
        <balance>720000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>701272.30000000</valUSD>
        <pctVal>0.361375372297</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BANCO BILBAO VIZCAYA ARG</name>
        <lei>K8MS7FD7N5Z2WQ51AZ71</lei>
        <title>Banco Bilbao Vizcaya Argentaria SA</title>
        <cusip>05946KAF8</cusip>
        <identifiers>
          <isin value="US05946KAF84"/>
          <other otherDesc="SEDOL" value="BD5W7S8"/>
        </identifiers>
        <balance>3000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2890923.45000000</valUSD>
        <pctVal>1.489733072341</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.12500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PRUDENTIAL FINANCIAL INC</name>
        <lei>5PRBRS5FEH7NREC8OR45</lei>
        <title>Prudential Financial Inc</title>
        <cusip>744320BK7</cusip>
        <identifiers>
          <isin value="US744320BK76"/>
          <other otherDesc="SEDOL" value="BPH2N04"/>
        </identifiers>
        <balance>1065000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1066599.42000000</valUSD>
        <pctVal>0.549633519667</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AUST &amp; NZ BANKING GRP/UK</name>
        <lei>JHE42UYNWWTJB8YTTU19</lei>
        <title>Australia &amp; New Zealand Banking Group Ltd/United Kingdom</title>
        <cusip>05254HAA2</cusip>
        <identifiers>
          <isin value="US05254HAA23"/>
          <other otherDesc="SEDOL" value="BYYZMH9"/>
        </identifiers>
        <balance>1500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1526605.50000000</valUSD>
        <pctVal>0.786681052301</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FLAGSTAR FINANCIAL INC</name>
        <lei>529900HVXOTLY61GL030</lei>
        <title>Flagstar Financial Inc</title>
        <cusip>649445202</cusip>
        <identifiers>
          <isin value="US6494452021"/>
          <ticker value="FLG"/>
        </identifiers>
        <balance>241200.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5607900.00000000</valUSD>
        <pctVal>2.889828887161</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>M&amp;T BANK CORPORATION</name>
        <lei>549300WYXDDBYRASEG81</lei>
        <title>M&amp;T Bank Corp</title>
        <cusip>55261F872</cusip>
        <identifiers>
          <isin value="US55261F8721"/>
          <ticker value="MTB"/>
        </identifiers>
        <balance>23066.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>584723.10000000</valUSD>
        <pctVal>0.301315948103</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ENTERGY CORP</name>
        <lei>4XM3TW50JULSLG8BNC79</lei>
        <title>Entergy Corp</title>
        <cusip>29364GAQ6</cusip>
        <identifiers>
          <isin value="US29364GAQ64"/>
          <other otherDesc="SEDOL" value="BT02B50"/>
        </identifiers>
        <balance>1350000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1382589.00000000</valUSD>
        <pctVal>0.712467346292</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.12500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WESBANCO INC</name>
        <lei>0001070448</lei>
        <title>WesBanco Inc</title>
        <cusip>950810705</cusip>
        <identifiers>
          <isin value="US9508107052"/>
          <ticker value="WSBC"/>
        </identifiers>
        <balance>49000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1233085.00000000</valUSD>
        <pctVal>0.635425855190</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ATHENE HOLDING LTD</name>
        <lei>549300H316CT32FQXI76</lei>
        <title>Athene Holding Ltd</title>
        <cusip>04686J861</cusip>
        <identifiers>
          <isin value="US04686J8615"/>
          <ticker value="ATH"/>
        </identifiers>
        <balance>123400.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3104744.00000000</valUSD>
        <pctVal>1.599917776429</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SOUTHERN CO</name>
        <lei>549300FC3G3YU2FBZD92</lei>
        <title>Southern Co/The</title>
        <cusip>842587EB9</cusip>
        <identifiers>
          <isin value="US842587EB90"/>
          <other otherDesc="SEDOL" value="BPDHP30"/>
        </identifiers>
        <balance>405000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>408655.30000000</valUSD>
        <pctVal>0.210585761306</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.37500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ALTAGAS LTD</name>
        <lei>2549008X5V70MOS4HM10</lei>
        <title>AltaGas Ltd</title>
        <cusip>021361AD2</cusip>
        <identifiers>
          <isin value="US021361AD20"/>
          <other otherDesc="SEDOL" value="BMZLFQ2"/>
        </identifiers>
        <balance>665000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>667269.65000000</valUSD>
        <pctVal>0.343853333707</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.20000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COMPEER FINANCIAL ACA</name>
        <lei>54930020HTACTODKHT04</lei>
        <title>Compeer Financial ACA</title>
        <cusip>20453QAA0</cusip>
        <identifiers>
          <isin value="US20453QAA04"/>
        </identifiers>
        <balance>285000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>277875.46000000</valUSD>
        <pctVal>0.143193090344</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.87500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BANCO MERCANTIL DE NORTE</name>
        <lei>549300QTVYRPFHS0J362</lei>
        <title>Banco Mercantil del Norte SA/Grand Cayman</title>
        <cusip>05973KAB3</cusip>
        <identifiers>
          <isin value="US05973KAB35"/>
          <other otherDesc="SEDOL" value="BLGTTN3"/>
        </identifiers>
        <balance>800000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>728015.52000000</valUSD>
        <pctVal>0.375156525615</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.62500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ENERGY TRANSFER LP</name>
        <lei>MTLVN9N7JE8MIBIJ1H73</lei>
        <title>Energy Transfer LP</title>
        <cusip>29273VAM2</cusip>
        <identifiers>
          <isin value="US29273VAM28"/>
          <other otherDesc="SEDOL" value="BMHR7W8"/>
        </identifiers>
        <balance>2426000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2472016.37000000</valUSD>
        <pctVal>1.273864426177</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.12500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NEXTERA ENERGY CAPITAL</name>
        <lei>UMI46YPGBLUE4VGNNT48</lei>
        <title>NextEra Energy Capital Holdings Inc</title>
        <cusip>65339KDE7</cusip>
        <identifiers>
          <isin value="US65339KDE73"/>
          <other otherDesc="SEDOL" value="BRXZ4K8"/>
        </identifiers>
        <balance>790000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>794654.44000000</valUSD>
        <pctVal>0.409496488172</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.37500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CITIGROUP INC</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>Citigroup Inc</title>
        <cusip>172967PR6</cusip>
        <identifiers>
          <isin value="US172967PR67"/>
          <other otherDesc="SEDOL" value="BTBK8X0"/>
        </identifiers>
        <balance>850000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>853004.75000000</valUSD>
        <pctVal>0.439565214685</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BANCO SANTANDER SA</name>
        <lei>5493006QMFDDMYWIAM13</lei>
        <title>Banco Santander SA</title>
        <cusip>05971KAH2</cusip>
        <identifiers>
          <isin value="US05971KAH23"/>
          <other otherDesc="SEDOL" value="BKPGK79"/>
        </identifiers>
        <balance>6200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5986560.66000000</valUSD>
        <pctVal>3.084957993190</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GLOBAL ATLANTIC FIN CO</name>
        <lei>98450051B2E65CAA7E94</lei>
        <title>Global Atlantic Fin Co</title>
        <cusip>37959GAG2</cusip>
        <identifiers>
          <isin value="US37959GAG29"/>
          <other otherDesc="SEDOL" value="BRDZX12"/>
        </identifiers>
        <balance>730000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>767551.20000000</valUSD>
        <pctVal>0.395529811540</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.95000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UBS GROUP AG</name>
        <lei>549300SZJ9VS8SGXAN81</lei>
        <title>UBS Group AG</title>
        <cusip>902613AJ7</cusip>
        <identifiers>
          <isin value="US902613AJ70"/>
          <other otherDesc="SEDOL" value="BM94BZ8"/>
        </identifiers>
        <balance>850000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>826870.65000000</valUSD>
        <pctVal>0.426097949377</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.87500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BBVA BANCOMER SA TEXAS</name>
        <lei>549300WIWQK5Q9MCUN92</lei>
        <title>BBVA Mexico SA Institucion De Banca Multiple Grupo Financiero BBVA Mexico/TX</title>
        <cusip>05533UAG3</cusip>
        <identifiers>
          <isin value="US05533UAG31"/>
          <other otherDesc="SEDOL" value="BH4GJM7"/>
        </identifiers>
        <balance>670000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>644629.58000000</valUSD>
        <pctVal>0.332186590667</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-09-13</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CITIGROUP INC</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>Citigroup Inc</title>
        <cusip>172967MU2</cusip>
        <identifiers>
          <isin value="US172967MU24"/>
          <other otherDesc="SEDOL" value="BM9GMM8"/>
        </identifiers>
        <balance>300000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>295260.57000000</valUSD>
        <pctVal>0.152151879389</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HSBC HOLDINGS PLC</name>
        <lei>MLU0ZO3ML4LN2LL2TL39</lei>
        <title>HSBC Holdings PLC</title>
        <cusip>404280EJ4</cusip>
        <identifiers>
          <isin value="US404280EJ42"/>
          <other otherDesc="SEDOL" value="BP4YP07"/>
        </identifiers>
        <balance>680000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>687905.00000000</valUSD>
        <pctVal>0.354487016641</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.95000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BANK OF NOVA SCOTIA</name>
        <lei>L3I9ZG2KFGXZ61BMYR72</lei>
        <title>Bank of Nova Scotia/The</title>
        <cusip>0641598V1</cusip>
        <identifiers>
          <isin value="US0641598V18"/>
          <other otherDesc="SEDOL" value="BRXGPQ4"/>
        </identifiers>
        <balance>1050000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1096417.35000000</valUSD>
        <pctVal>0.564999113824</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2084-01-27</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DUKE ENERGY CORP</name>
        <lei>I1BZKREC126H0VB1BL91</lei>
        <title>Duke Energy Corp</title>
        <cusip>26441CCG8</cusip>
        <identifiers>
          <isin value="US26441CCG87"/>
          <other otherDesc="SEDOL" value="BQB3RT7"/>
        </identifiers>
        <balance>1200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1213861.08000000</valUSD>
        <pctVal>0.625519501771</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.45000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>REGIONS FINANCIAL CORP</name>
        <lei>CW05CS5KW59QTC0DG824</lei>
        <title>Regions Financial Corp</title>
        <cusip>7591EPAR1</cusip>
        <identifiers>
          <isin value="US7591EPAR12"/>
          <other otherDesc="SEDOL" value="BM9SDM1"/>
        </identifiers>
        <balance>65000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>65011.91000000</valUSD>
        <pctVal>0.033501541669</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CITIGROUP INC</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>Citigroup Inc</title>
        <cusip>172967PC9</cusip>
        <identifiers>
          <isin value="US172967PC98"/>
          <ticker value="C"/>
          <other otherDesc="SEDOL" value="BQT56G5"/>
        </identifiers>
        <balance>1550000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1611939.55000000</valUSD>
        <pctVal>0.830654875434</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.37500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SCE TRUST II</name>
        <lei>N/A</lei>
        <title>SCE Trust II</title>
        <cusip>78407R204</cusip>
        <identifiers>
          <isin value="US78407R2040"/>
          <ticker value="EIX"/>
        </identifiers>
        <balance>176.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3241.92000000</valUSD>
        <pctVal>0.001670606477</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SYNCHRONY FINANCIAL</name>
        <lei>549300RS7EWPM9MA6C78</lei>
        <title>Synchrony Financial</title>
        <cusip>87165B400</cusip>
        <identifiers>
          <isin value="US87165B4005"/>
          <ticker value="SYF"/>
        </identifiers>
        <balance>63300.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1620480.00000000</valUSD>
        <pctVal>0.835055888134</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NEW YORK MORTGAGE TRUST</name>
        <lei>549300JFGR0M7ULHWG48</lei>
        <title>New York Mortgage Trust Inc</title>
        <cusip>649604865</cusip>
        <identifiers>
          <isin value="US6496048652"/>
          <ticker value="NYMT"/>
        </identifiers>
        <balance>30000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>669000.00000000</valUSD>
        <pctVal>0.344745007134</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TRANSCANADA TRUST</name>
        <lei>549300Y0MFCAXLBWUV51</lei>
        <title>Transcanada Trust</title>
        <cusip>89356BAB4</cusip>
        <identifiers>
          <isin value="US89356BAB45"/>
          <other otherDesc="SEDOL" value="BDGMX78"/>
        </identifiers>
        <balance>300000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>298685.73000000</valUSD>
        <pctVal>0.153916911987</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2076-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SYNCHRONY FINANCIAL</name>
        <lei>549300RS7EWPM9MA6C78</lei>
        <title>Synchrony Financial</title>
        <cusip>87165B202</cusip>
        <identifiers>
          <isin value="US87165B2025"/>
          <ticker value="SYF"/>
        </identifiers>
        <balance>55500.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1069485.00000000</valUSD>
        <pctVal>0.551120499186</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AMERICAN INTL GROUP</name>
        <lei>ODVCVCQG2BP6VHV36M30</lei>
        <title>American International Group Inc</title>
        <cusip>026874BS5</cusip>
        <identifiers>
          <isin value="US026874BS54"/>
          <other otherDesc="SEDOL" value="B606MS1"/>
        </identifiers>
        <balance>2150000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2479786.33000000</valUSD>
        <pctVal>1.277868394661</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2058-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.17500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ENSTAR GROUP LTD</name>
        <lei>213800AMAL5QFXVUCN04</lei>
        <title>Enstar Group Ltd</title>
        <cusip>29359U109</cusip>
        <identifiers>
          <isin value="US29359U1097"/>
          <ticker value="ESGR"/>
        </identifiers>
        <balance>61000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1283440.00000000</valUSD>
        <pctVal>0.661374487230</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BANCO BILBAO VIZCAYA ARG</name>
        <lei>K8MS7FD7N5Z2WQ51AZ71</lei>
        <title>Banco Bilbao Vizcaya Argentaria SA</title>
        <cusip>05946KAG6</cusip>
        <identifiers>
          <isin value="US05946KAG67"/>
          <other otherDesc="SEDOL" value="BK6H509"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1001891.20000000</valUSD>
        <pctVal>0.516288473680</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AERCAP IRELAND CAP/GLOBA</name>
        <lei>N/A</lei>
        <title>AerCap Ireland Capital DAC / AerCap Global Aviation Trust</title>
        <cusip>00774MBK0</cusip>
        <identifiers>
          <isin value="US00774MBK09"/>
          <other otherDesc="SEDOL" value="BS6VK80"/>
        </identifiers>
        <balance>1180000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1216632.45000000</valUSD>
        <pctVal>0.626947627287</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-03-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.95000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HSBC HOLDINGS PLC</name>
        <lei>MLU0ZO3ML4LN2LL2TL39</lei>
        <title>HSBC Holdings PLC</title>
        <cusip>404280BP3</cusip>
        <identifiers>
          <isin value="US404280BP39"/>
          <other otherDesc="SEDOL" value="BFMXK12"/>
        </identifiers>
        <balance>4265000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4305065.41000000</valUSD>
        <pctVal>2.218460097886</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SOCIETE GENERALE</name>
        <lei>O2RNE8IBXP4R0TD8PU41</lei>
        <title>Societe Generale SA</title>
        <cusip>83370RAC2</cusip>
        <identifiers>
          <isin value="US83370RAC25"/>
          <other otherDesc="SEDOL" value="BP0XZK8"/>
        </identifiers>
        <balance>4240000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4524135.12000000</valUSD>
        <pctVal>2.331349767149</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.37500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KKR REAL ESTATE FIN</name>
        <lei>549300K23AYZDZ2REL62</lei>
        <title>KKR Real Estate Finance Trust Inc</title>
        <cusip>48251K209</cusip>
        <identifiers>
          <isin value="US48251K2096"/>
          <ticker value="KREF"/>
        </identifiers>
        <balance>95536.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1891612.80000000</valUSD>
        <pctVal>0.974774391976</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LINCOLN NATIONAL CORP</name>
        <lei>EFQMQROEDSNBRIP7LE47</lei>
        <title>Lincoln National Corp</title>
        <cusip>534187885</cusip>
        <identifiers>
          <isin value="US5341878859"/>
          <ticker value="LNC"/>
        </identifiers>
        <balance>21200.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>570280.00000000</valUSD>
        <pctVal>0.293873217741</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GENERAL MOTORS FINL CO</name>
        <lei>5493008B6JBRUJ90QL97</lei>
        <title>General Motors Financial Co Inc</title>
        <cusip>37045XCA2</cusip>
        <identifiers>
          <isin value="US37045XCA28"/>
          <other otherDesc="SEDOL" value="BFB5M57"/>
        </identifiers>
        <balance>285000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>277975.98000000</valUSD>
        <pctVal>0.143244889698</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RAYMOND JAMES FINANCIAL</name>
        <lei>RGUZHJ05YTITL6D76949</lei>
        <title>Raymond James Financial Inc</title>
        <cusip>754730406</cusip>
        <identifiers>
          <isin value="US7547304060"/>
          <ticker value="RJF"/>
        </identifiers>
        <balance>21000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>532562.10000000</valUSD>
        <pctVal>0.274436659139</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MORGAN STANLEY</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>Morgan Stanley</title>
        <cusip>61762V838</cusip>
        <identifiers>
          <isin value="US61762V8384"/>
          <ticker value="MS"/>
        </identifiers>
        <balance>19000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>495520.00000000</valUSD>
        <pctVal>0.255348349679</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EMERA INC</name>
        <lei>NQZVQT2P5IUF2PGA1Q48</lei>
        <title>Emera Inc</title>
        <cusip>290876AD3</cusip>
        <identifiers>
          <isin value="US290876AD37"/>
          <other otherDesc="SEDOL" value="BYYFGC2"/>
        </identifiers>
        <balance>2940000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2970846.48000000</valUSD>
        <pctVal>1.530918521590</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2076-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PROVIDENT FINANCING TR I</name>
        <lei>N/A</lei>
        <title>Provident Financing Trust I</title>
        <cusip>743863AA0</cusip>
        <identifiers>
          <isin value="US743863AA09"/>
          <other otherDesc="SEDOL" value="2209270"/>
        </identifiers>
        <balance>5803000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6220159.39000000</valUSD>
        <pctVal>3.205334668586</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.40500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TRUIST FINANCIAL CORP</name>
        <lei>549300DRQQI75D2JP341</lei>
        <title>Truist Financial Corp</title>
        <cusip>89832QAE9</cusip>
        <identifiers>
          <isin value="US89832QAE98"/>
          <other otherDesc="SEDOL" value="BMX3601"/>
        </identifiers>
        <balance>870000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>868852.12000000</valUSD>
        <pctVal>0.447731584915</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.95000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>APOLLO GLOBAL MANAGEMENT</name>
        <lei>254900LMFT1CY9IYB476</lei>
        <title>Apollo Global Management Inc</title>
        <cusip>03769M205</cusip>
        <identifiers>
          <isin value="US03769M2052"/>
          <ticker value="APO"/>
        </identifiers>
        <balance>46420.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1233379.40000000</valUSD>
        <pctVal>0.635577563606</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COMED FINANCING III</name>
        <lei>N/A</lei>
        <title>ComEd Financing III</title>
        <cusip>20035AAA2</cusip>
        <identifiers>
          <isin value="US20035AAA25"/>
          <other otherDesc="SEDOL" value="B1HDN09"/>
        </identifiers>
        <balance>944000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>968358.32000000</valUSD>
        <pctVal>0.499008514106</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.35000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AMERICAN ELECTRIC POWER</name>
        <lei>1B4S6S7G0TW5EE83BO58</lei>
        <title>American Electric Power Co Inc</title>
        <cusip>025537BA8</cusip>
        <identifiers>
          <isin value="US025537BA89"/>
          <other otherDesc="SEDOL" value="BSY2LX7"/>
        </identifiers>
        <balance>1235000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1265214.28000000</valUSD>
        <pctVal>0.651982520157</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.95000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ENBRIDGE INC</name>
        <lei>98TPTUM4IVMFCZBCUR27</lei>
        <title>Enbridge Inc</title>
        <cusip>29250NBT1</cusip>
        <identifiers>
          <isin value="US29250NBT19"/>
          <other otherDesc="SEDOL" value="BKPJR88"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1110896.00000000</valUSD>
        <pctVal>0.572460163596</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2084-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>THE FORTEGRA GROUP INC</name>
        <lei>N/A</lei>
        <title>Fortegra Group Inc/The</title>
        <cusip>34962TAA9</cusip>
        <identifiers>
          <isin value="US34962TAA97"/>
        </identifiers>
        <balance>580000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>582872.10000000</valUSD>
        <pctVal>0.300362102052</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2064-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>QWEST CORP</name>
        <lei>549300R2L4N683OO1509</lei>
        <title>Qwest Corp</title>
        <cusip>74913G873</cusip>
        <identifiers>
          <isin value="US74913G8731"/>
          <ticker value="CTL"/>
        </identifiers>
        <balance>41820.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>770324.40000000</valUSD>
        <pctVal>0.396958880080</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EVERGY INC</name>
        <lei>549300PGTHDQY6PSUI61</lei>
        <title>Evergy Inc</title>
        <cusip>30034WAE6</cusip>
        <identifiers>
          <isin value="US30034WAE66"/>
          <other otherDesc="SEDOL" value="BPG4KC2"/>
        </identifiers>
        <balance>820000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>821223.28000000</valUSD>
        <pctVal>0.423187781050</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.65000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CITIGROUP INC</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>Citigroup Inc</title>
        <cusip>172967JM4</cusip>
        <identifiers>
          <isin value="US172967JM45"/>
          <other otherDesc="SEDOL" value="BWXV3H1"/>
        </identifiers>
        <balance>1120000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1120798.45000000</valUSD>
        <pctVal>0.577563033844</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.95000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WAFD INC</name>
        <lei>0003065617</lei>
        <title>WaFd Inc</title>
        <cusip>938824307</cusip>
        <identifiers>
          <isin value="US9388243076"/>
          <ticker value="WAFD"/>
        </identifiers>
        <balance>25000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>416500.00000000</valUSD>
        <pctVal>0.214628244352</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HSBC HOLDINGS PLC</name>
        <lei>MLU0ZO3ML4LN2LL2TL39</lei>
        <title>HSBC Holdings PLC</title>
        <cusip>404280BL2</cusip>
        <identifiers>
          <isin value="US404280BL25"/>
          <other otherDesc="SEDOL" value="BDS6RN2"/>
        </identifiers>
        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>498676.90000000</valUSD>
        <pctVal>0.256975144168</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ING GROEP NV</name>
        <lei>549300NYKK9MWM7GGW15</lei>
        <title>ING Groep NV</title>
        <cusip>456837AY9</cusip>
        <identifiers>
          <isin value="US456837AY94"/>
          <other otherDesc="SEDOL" value="BMYR3H8"/>
        </identifiers>
        <balance>775000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>722684.32000000</valUSD>
        <pctVal>0.372409284087</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.87500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BANK OF NOVA SCOTIA</name>
        <lei>L3I9ZG2KFGXZ61BMYR72</lei>
        <title>Bank of Nova Scotia/The</title>
        <cusip>0641598X7</cusip>
        <identifiers>
          <isin value="US0641598X73"/>
          <other otherDesc="SEDOL" value="BLD9DH8"/>
        </identifiers>
        <balance>750000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>751523.18000000</valUSD>
        <pctVal>0.387270349852</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2085-04-27</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.35000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GENERAL MOTORS FINL CO</name>
        <lei>5493008B6JBRUJ90QL97</lei>
        <title>General Motors Financial Co Inc</title>
        <cusip>37045XDB9</cusip>
        <identifiers>
          <isin value="US37045XDB91"/>
          <other otherDesc="SEDOL" value="BLNPMQ8"/>
        </identifiers>
        <balance>800000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>777638.32000000</valUSD>
        <pctVal>0.400727844808</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.70000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>STIFEL FINANCIAL CORP</name>
        <lei>549300E5F07FE5GHJX84</lei>
        <title>Stifel Financial Corp</title>
        <cusip>860630706</cusip>
        <identifiers>
          <isin value="US8606307069"/>
          <ticker value="SF"/>
        </identifiers>
        <balance>29000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>728190.00000000</valUSD>
        <pctVal>0.375246437586</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FIRST HORIZON CORP</name>
        <lei>TF3RXI1ZB1TQ30H9JV10</lei>
        <title>First Horizon Corp</title>
        <cusip>320517402</cusip>
        <identifiers>
          <isin value="US3205174028"/>
          <ticker value="FHN"/>
        </identifiers>
        <balance>21200.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>526608.00000000</valUSD>
        <pctVal>0.271368428575</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HUNTINGTON BANCSHARES</name>
        <lei>549300XTVCVV9I7B5T19</lei>
        <title>Huntington Bancshares Inc/OH</title>
        <cusip>446150AV6</cusip>
        <identifiers>
          <isin value="US446150AV63"/>
          <other otherDesc="SEDOL" value="BMD7KQ7"/>
        </identifiers>
        <balance>405000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>395864.54000000</valUSD>
        <pctVal>0.203994504733</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.45000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LIBERTY MUTUAL GROUP INC</name>
        <lei>QUR0DG15Z6FFGYCHH861</lei>
        <title>Liberty Mutual Group Inc</title>
        <cusip>53079EAN4</cusip>
        <identifiers>
          <isin value="US53079EAN40"/>
          <other otherDesc="SEDOL" value="B1VX855"/>
        </identifiers>
        <balance>6351000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7179170.34000000</valUSD>
        <pctVal>3.699526352891</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.80000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>REINSURANCE GRP OF AMER</name>
        <lei>LORM1GNEU1DKEW527V90</lei>
        <title>Reinsurance Group of America Inc</title>
        <cusip>759351AT6</cusip>
        <identifiers>
          <isin value="US759351AT60"/>
          <other otherDesc="SEDOL" value="BSJQPW1"/>
        </identifiers>
        <balance>300000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>300010.41000000</valUSD>
        <pctVal>0.154599538020</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.65000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BANCO BILBAO VIZCAYA ARG</name>
        <lei>K8MS7FD7N5Z2WQ51AZ71</lei>
        <title>Banco Bilbao Vizcaya Argentaria SA</title>
        <cusip>05946KAM3</cusip>
        <identifiers>
          <isin value="US05946KAM36"/>
          <other otherDesc="SEDOL" value="BN4L6X4"/>
        </identifiers>
        <balance>1800000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1987248.60000000</valUSD>
        <pctVal>1.024056850202</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.37500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>REINSURANCE GRP OF AMER</name>
        <lei>LORM1GNEU1DKEW527V90</lei>
        <title>Reinsurance Group of America Inc</title>
        <cusip>759351885</cusip>
        <identifiers>
          <isin value="US7593518852"/>
          <ticker value="RGA"/>
        </identifiers>
        <balance>34725.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>907017.00000000</valUSD>
        <pctVal>0.467398478529</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AES CORP/THE</name>
        <lei>2NUNNB7D43COUIRE5295</lei>
        <title>AES Corp/The</title>
        <cusip>00130HCK9</cusip>
        <identifiers>
          <isin value="US00130HCK95"/>
          <other otherDesc="SEDOL" value="BQH7RQ0"/>
        </identifiers>
        <balance>975000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>997298.25000000</valUSD>
        <pctVal>0.513921662648</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.60000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BARCLAYS PLC</name>
        <lei>213800LBQA1Y9L22JB70</lei>
        <title>Barclays PLC</title>
        <cusip>06738EBT1</cusip>
        <identifiers>
          <isin value="US06738EBT10"/>
          <other otherDesc="SEDOL" value="BNVY357"/>
        </identifiers>
        <balance>475000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>439680.62000000</valUSD>
        <pctVal>0.226573540327</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.37500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AMER AGCREDIT ACA</name>
        <lei>0002558989</lei>
        <title>American AgCredit Corp</title>
        <cusip>02369GAA3</cusip>
        <identifiers>
          <isin value="US02369GAA31"/>
        </identifiers>
        <balance>675000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>663187.57000000</valUSD>
        <pctVal>0.341749781093</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TEXAS CAPITAL BANCSHARES</name>
        <lei>549300466Q2SXRX0YM48</lei>
        <title>Texas Capital Bancshares Inc</title>
        <cusip>88224Q305</cusip>
        <identifiers>
          <isin value="US88224Q3056"/>
          <ticker value="TCBI"/>
        </identifiers>
        <balance>35900.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>757490.00000000</valUSD>
        <pctVal>0.390345135208</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>REGIONS FINANCIAL CORP</name>
        <lei>CW05CS5KW59QTC0DG824</lei>
        <title>Regions Financial Corp</title>
        <cusip>7591EP704</cusip>
        <identifiers>
          <isin value="US7591EP7044"/>
          <ticker value="RF"/>
        </identifiers>
        <balance>125350.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3067314.50000000</valUSD>
        <pctVal>1.580629834360</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BNP PARIBAS</name>
        <lei>R0MUWSFPU8MPRO8K5P83</lei>
        <title>BNP Paribas SA</title>
        <cusip>05565AS20</cusip>
        <identifiers>
          <isin value="US05565AS207"/>
          <other otherDesc="SEDOL" value="BL56GG7"/>
        </identifiers>
        <balance>560000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>602265.44000000</valUSD>
        <pctVal>0.310355759954</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WINTRUST FINANCIAL CORP</name>
        <lei>Q774KI4AW80FHFW33O61</lei>
        <title>Wintrust Financial Corp</title>
        <cusip>97650W504</cusip>
        <identifiers>
          <isin value="US97650W5040"/>
          <ticker value="WTFC"/>
        </identifiers>
        <balance>48000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1212000.00000000</valUSD>
        <pctVal>0.624560461356</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WEBSTER FINANCIAL CORP</name>
        <lei>KMRURHT0VWKYS6Z5KU67</lei>
        <title>Webster Financial Corp</title>
        <cusip>947890703</cusip>
        <identifiers>
          <isin value="US9478907036"/>
          <ticker value="WBS"/>
        </identifiers>
        <balance>13416.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>322923.12000000</valUSD>
        <pctVal>0.166406776245</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CENTERPOINT ENERGY INC</name>
        <lei>21TPXMRRHFKOBHDC8J74</lei>
        <title>CenterPoint Energy Inc</title>
        <cusip>15189TBJ5</cusip>
        <identifiers>
          <isin value="US15189TBJ51"/>
          <other otherDesc="SEDOL" value="BMYDZ70"/>
        </identifiers>
        <balance>950000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>960954.71000000</valUSD>
        <pctVal>0.495193330874</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.85000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LAND O'LAKES INC</name>
        <lei>4ONCJWH5BBCYSJIJYX61</lei>
        <title>Land O' Lakes Inc</title>
        <cusip>514666AM8</cusip>
        <identifiers>
          <isin value="US514666AM82"/>
          <other otherDesc="SEDOL" value="BD4H0Q3"/>
        </identifiers>
        <balance>4350000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3699112.55000000</valUSD>
        <pctVal>1.906204159105</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AFFILIATED MANAGERS GROU</name>
        <lei>2JE75BUE3T1BLCYYGK54</lei>
        <title>Affiliated Managers Group Inc</title>
        <cusip>008252827</cusip>
        <identifiers>
          <isin value="US0082528276"/>
          <ticker value="AMG"/>
        </identifiers>
        <balance>29800.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>749172.00000000</valUSD>
        <pctVal>0.386058754088</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CONNECTONE BANCORP INC</name>
        <lei>549300E2M5ZYAZKUK134</lei>
        <title>ConnectOne Bancorp Inc</title>
        <cusip>20786W503</cusip>
        <identifiers>
          <isin value="US20786W5031"/>
          <ticker value="CNOB"/>
        </identifiers>
        <balance>47900.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1108885.00000000</valUSD>
        <pctVal>0.571423867319</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ATHENE HOLDING LTD</name>
        <lei>549300H316CT32FQXI76</lei>
        <title>Athene Holding Ltd</title>
        <cusip>04686J408</cusip>
        <identifiers>
          <isin value="US04686J4085"/>
          <ticker value="ATH"/>
        </identifiers>
        <balance>28800.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>522720.00000000</valUSD>
        <pctVal>0.269364888085</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GOLDMAN SACHS GROUP INC</name>
        <lei>784F5XWPLTWKTBV3E584</lei>
        <title>Goldman Sachs Group Inc/The</title>
        <cusip>38141GC28</cusip>
        <identifiers>
          <isin value="US38141GC282"/>
          <other otherDesc="SEDOL" value="BP0BK30"/>
        </identifiers>
        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>511422.00000000</valUSD>
        <pctVal>0.263542871508</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.85000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>REGIONS FINANCIAL CORP</name>
        <lei>CW05CS5KW59QTC0DG824</lei>
        <title>Regions Financial Corp</title>
        <cusip>7591EP860</cusip>
        <identifiers>
          <isin value="US7591EP8604"/>
          <ticker value="RF"/>
        </identifiers>
        <balance>57000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1485990.00000000</valUSD>
        <pctVal>0.765751320107</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CITIGROUP INC</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>Citigroup Inc</title>
        <cusip>17327CAV5</cusip>
        <identifiers>
          <isin value="US17327CAV54"/>
          <other otherDesc="SEDOL" value="BTRFRK9"/>
        </identifiers>
        <balance>790000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>797798.94000000</valUSD>
        <pctVal>0.411116892768</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.95000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LEHMAN BROS HLDG-ESCROW</name>
        <lei>N/A</lei>
        <title>LEHMAN BROS HLDG-ESCROW</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="524ESC886"/>
        </identifiers>
        <balance>20000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>0.00000000</valUSD>
        <pctVal>0.000000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SEMPRA</name>
        <lei>PBBKGKLRK5S5C0Y4T545</lei>
        <title>Sempra</title>
        <cusip>816851BS7</cusip>
        <identifiers>
          <isin value="US816851BS71"/>
          <other otherDesc="SEDOL" value="BSB75Y4"/>
        </identifiers>
        <balance>800000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>803571.52000000</valUSD>
        <pctVal>0.414091583551</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.87500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NEXTERA ENERGY CAPITAL</name>
        <lei>UMI46YPGBLUE4VGNNT48</lei>
        <title>NextEra Energy Capital Holdings Inc</title>
        <cusip>65339KCW8</cusip>
        <identifiers>
          <isin value="US65339KCW80"/>
          <other otherDesc="SEDOL" value="BSLJJN7"/>
        </identifiers>
        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>508785.00000000</valUSD>
        <pctVal>0.262183988722</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.70000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CITIGROUP INC</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>Citigroup Inc</title>
        <cusip>172967MV0</cusip>
        <identifiers>
          <isin value="US172967MV07"/>
          <other otherDesc="SEDOL" value="BMC9RY1"/>
        </identifiers>
        <balance>600000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>587195.94000000</valUSD>
        <pctVal>0.302590236957</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.87500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BNP PARIBAS</name>
        <lei>R0MUWSFPU8MPRO8K5P83</lei>
        <title>BNP Paribas SA</title>
        <cusip>05565AM34</cusip>
        <identifiers>
          <isin value="US05565AM341"/>
          <other otherDesc="SEDOL" value="BNBVCW8"/>
        </identifiers>
        <balance>970000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1009147.26000000</valUSD>
        <pctVal>0.520027622344</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BANCO MERCANTIL DE NORTE</name>
        <lei>549300QTVYRPFHS0J362</lei>
        <title>Banco Mercantil del Norte SA/Grand Cayman</title>
        <cusip>05962GAJ8</cusip>
        <identifiers>
          <isin value="US05962GAJ85"/>
          <other otherDesc="SEDOL" value="BYVX878"/>
        </identifiers>
        <balance>710000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>713678.51000000</valUSD>
        <pctVal>0.367768464905</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.62500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BANK OF MONTREAL</name>
        <lei>NQQ6HPCNCCU6TUTQYE16</lei>
        <title>Bank of Montreal</title>
        <cusip>06368LQ58</cusip>
        <identifiers>
          <isin value="US06368LQ586"/>
          <other otherDesc="SEDOL" value="BRC27N4"/>
        </identifiers>
        <balance>940000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>968990.48000000</valUSD>
        <pctVal>0.499334274949</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2084-05-26</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.70000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CITIZENS FINANCIAL GROUP</name>
        <lei>2138004JDDA4ZQUPFW65</lei>
        <title>Citizens Financial Group Inc</title>
        <cusip>174610600</cusip>
        <identifiers>
          <isin value="US1746106004"/>
          <ticker value="CFG"/>
        </identifiers>
        <balance>36100.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>957733.00000000</valUSD>
        <pctVal>0.493533138891</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Security reported as PREFERRED EQUITY on Form N-PORT per market convention; reported as CORPORATE DEBT SECURITY on SOI of Form N-CSR/N-CSRS per specific terms of security. 25432X300:74913G873:74913G881." noteItem="C.4.a"/>
      <explntrNote note="Security reported as DEBT on Form N-PORT per market convention; reported as PREFERRED STOCK &amp; HYBRID PREFERRED SECURITIES on SOI of Form N-CSR/N-CSRS per specific terms of security. 00440FAA2:00773HAA5:00774MBK0:00130HCK9:015857AH8:02005NBM1:02005NBN9:021361AD2:02369GAA3:025537AU5:025537BA8:025816CH0:026874BS5:05463HAC5:060505EU4:060505GB4:06055HAB9:0778FPAQ2:11102AAG6:14040HCF0:15189TBJ5:172967JM4:172967MU2:172967MV0:172967NB3:172967PC9:172967PE5:172967PK1:172967PM7:172967PR6:17327CAV5:174610AQ8:125896BY5:19075QAC6:19075QAG7:20035AAA2:200340AU1:20453QAA0:21871XAT6:126650EH9:254709AQ1:25746UDM8:25746UDU0:25746UDV8:26441CCG8:281020AS6:281020AT4:290876AD3:29250NAN5:29250NBC8:29250NBT1:29250NCG8:29273VAM2:29273VAX8:29360AAA8:29360AAB6:29364GAQ6:29379VBN2:29452EAA9:29882DAB9:299808AE5:30034WAE6:30161NBQ3:34962TAA9:37045XCA2:37045XCM6:37045XDB9:37959GAC1:37959GAG2:38141GA38:38141GA79:38141GB52:38141GC28:38144GAB7:38148BAE8:446150AT1:446150AV6:48128BAN1:48128BAQ4:50149XAA2:514666AK2:514666AM8:514666AN6:53079EAN4:53079EBM5:534187BR9:55261FAH7:55261FAN4:591560AA5:59156RAV0:59156RBS6:61745VAB9:641423CH9:302570AX4:65339KCW8:65339KDB3:65339KDE7:65473PAR6:65473PAT2:92556HAE7:69331VAA4:693475BC8:693475BD6:693475BF1:693475BP9:743863AA0:744320BK7:744320BL5:7591EPAR1:759351AT6:775109DH1:78397DAA6:78397DAC2:816851BK4:816851BM0:816851BS7:816851BT5:836720AH5:842587DJ3:842587EB9:857477CH4:89356BAB4:89356BAE8:89832QAE9:89832QAF6:92840MAC6:92857WBQ2:949746TD3:95002YAA1:95002YAC7." noteItem="C.4.a"/>
      <explntrNote note="Security reported as DEBT on Form N-PORT per market convention; reported as CONTINGENT CAPITAL SECURITY on SOI of Form N-CSR/N-CSRS per specific terms of security. 05254HAA2:05946KAF8:05946KAG6:05946KAM3:05962GAJ8:05971PAB4:05971PAE8:05973KAB3:05964HBH7:05971KAH2:05971KAQ2:06368L5Q5:06368LQ58:0641598S8:0641598V1:0641598X7:064159VJ2:06738EBN4:06738EBT1:06738EBX2:06738ECN3:06738EDC6:05533UAG3:05565A5R0:05565AAN3:05565AM34:05565AS20:05565ASK0:05602XJC3:13607PNF7:225313AP0:251525AX9:404280BL2:404280BP3:404280EJ4:258524098:456837AY9:539439AU3:53944YAQ6:53944YAV5:639057AD0:639057AQ1:74728GAE0:780082AR4:780082AT0:83367TBU2:83368JFA3:83370RAA6:83370RAB4:83370RAC2:853254BX7:853254CM0:89116CKP1:89117F8Z5:902613AD0:902613AJ7:902613BE7." noteItem="C.4.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2025-04-24</ncom:dateSigned>
      <ncom:nameOfApplicant>Flaherty &amp; Crumrine Total Return Fund Inc</ncom:nameOfApplicant>
      <ncom:signature>Bradford Stone </ncom:signature>
      <ncom:signerName>Bradford Stone </ncom:signerName>
      <ncom:title>Chief Financial Officer, Treasurer and Vice President</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>NPORT-EX
<SEQUENCE>2
<FILENAME>FC26FC022825.htm
<TEXT>
<HTML>
    <HEAD>
        <TITLE>Quarterly Report_FLC</TITLE>
        <!-- Document Created by Quality EDGAR Solutions Single Source System-->
        <!-- Ver. 7h3d0c70r.1.0 (tvnabbpndsdnf) [1744868267435-8061]-->
    </HEAD>
    <BODY>
        <DIV style="margin: auto; overflow: hidden; width: 621.0pt; position: relative; border-bottom: 2pt solid black; height: 703.8pt; ">
            <DIV style="border: 0pt; padding-top: 0pt; top: 641.7pt; left: 31.05pt; padding-left: 0pt; width: 558.9pt; padding-bottom: 0pt; position: absolute; padding-right: 0pt; height: 31.05pt; ">
                <DIV style="vertical-align: bottom; width: 558.9pt; display: table-cell; height: 31.05pt; ">
                    <!-- [if IE]><TABLE><TR style=" width: 558.9pt; height: 31.05pt;"><TD vAlign="bottom" style=" width: 558.9pt; height: 31.05pt;"><![endif]-->
                    <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 12pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center; margin-right: 0pt; "><FONT style="font-size: 8pt; font-family: Arial, sans-serif; "> <br></FONT><FONT style="font-size: 10pt; font-family: Arial, sans-serif; ">1</FONT></P>
                    <!-- [if IE]></TD></TR></TABLE><![endif]-->
                </DIV>
            </DIV>
            <DIV style="border: 0pt; padding-top: 0pt; top: 31.05pt; left: 31.05pt; padding-left: 0pt; width: 558.9pt; padding-bottom: 0pt; position: absolute; padding-right: 0pt; height: 79.35pt; ">
                <P style="border-top: 1pt solid ; margin-left: 0pt; color: #000000; font-size: 12pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; text-align: right; margin-right: 0pt; "><FONT style="font-size: 8pt; font-family: Arial, sans-serif; ">&#160;</FONT></P>
                <P style="margin-left: 0pt; color: #000000; font-size: 12pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; text-align: right; margin-right: 0pt; "><FONT style="font-size: 8pt; font-family: Arial, sans-serif; "><B>Flaherty &amp; Crumrine Total Return Fund Incorporated</B></FONT></P>
                <P style="margin-left: 0pt; color: #000000; font-size: 12pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; text-align: right; margin-right: 0pt; "><FONT style="font-family: Arial, sans-serif; "><B>PORTFOLIO OF INVESTMENTS</B></FONT></P>
                <P style="margin-left: 0pt; color: #000000; font-size: 12pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; text-align: right; margin-right: 0pt; "><FONT style="font-size: 10pt; font-family: Arial, sans-serif; "><B>February 28, 2025 (Unaudited)</B></FONT></P>
                <P style="margin-left: 0pt; color: #000000; font-size: 12pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; border-bottom: 1pt solid ; text-align: right; margin-right: 0pt; "><FONT style="font-size: 8pt; font-family: Arial, sans-serif; ">&#160;</FONT></P>
            </DIV>
            <DIV style="border: 0pt; padding-top: 0pt; top: 110.4pt; left: 31.05pt; padding-left: 0pt; width: 558.9pt; padding-bottom: 0pt; position: absolute; padding-right: 0pt; height: 538.2pt; ">
                <DIV style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: 11pt; margin-top: 0pt; margin-bottom: 6pt; text-align: justify; margin-right: 0pt; ">
                    <TABLE style="width: 573.85pt; margin-top: 4pt; margin-bottom: 2pt; table-layout: fixed; border-collapse: collapse; ">
                        <TR style="margin: 0; height: 0; ">
                            <TD style="border: 0; width: 63.24999999999999pt; padding: 0; margin: 0; ">
                            </TD>
                            <TD style="border: 0; width: 13.799999999999999pt; padding: 0; margin: 0; ">
                            </TD>
                            <TD style="border: 0; width: 382.95pt; padding: 0; margin: 0; ">
                            </TD>
                            <TD style="border: 0; width: 72.44999999999999pt; padding: 0; margin: 0; ">
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0; margin: 0; padding: 0; width: 41.4pt">
                            </TD>
                        </TR>
                        <TR style="min-height: 3pt; ">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 8pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: center; margin-right: 0pt; "><FONT style="font-weight: bold; "><B>Shares/$ Par</B></FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 8pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: center; margin-right: 0pt; "><FONT style="font-weight: bold; "><B>Value</B></FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD colspan="4" style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT style="font-weight: bold; "><B>Preferred Stock &amp; Hybrid Preferred Securities</B></FONT><SUP style="font-size: 7.0pt; line-height: 7.0pt; font-weight: bold; "><B>&#167;</B></SUP><FONT style="font-weight: bold; "><B> &#8212; 73.6%</B></FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT style="font-weight: bold; "><B>Banking &#8212; 31.5%</B></FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 0pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>675,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>American AgCredit Corporation, 5.25% to 06/15/26 then <br>T5Y + 4.50%, Series A, 144A**** </FONT></P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>663,188</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)(2)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>350,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Bank of America Corporation, 6.125% to 04/27/27 then <br>T5Y + 3.231%, Series TT </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;355,177</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)(2)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>23,546</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Cadence Bank, 5.50%, Series A </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;497,056</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Capital One Financial Corporation:</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>17,820</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>5.00%, Series I </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>356,757</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)(2)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>1,180,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>3.95% to 09/01/26 then T5Y + 3.157%, Series M </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;1,142,455</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)(2)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Citigroup, Inc.:</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>600,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>3.875% to 02/18/26 then T5Y + 3.417%, Series X </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;587,196</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)(2)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>300,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>4.00% to 12/10/25 then T5Y + 3.597%, Series W </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;295,261</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>450,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>4.15% to 11/15/26 then T5Y + 3.00%, Series Y </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;437,013</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>1,120,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>5.95% to 05/15/25 then TSFR3M + 4.16661%, Series P </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;1,120,798</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)(2)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>850,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>6.75% to 02/15/30 then T5Y + 2.572%, Series EE </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;853,005</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>790,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>6.95% to 02/15/30 then T5Y + 2.726%, Series FF </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;797,799</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>1,185,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>7.00% to 08/15/34 then T10Y + 2.757%, Series DD </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;1,249,279</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>1,250,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>7.125% to 08/15/29 then T5Y + 2.693%, Series CC </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;1,279,459</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>1,550,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>7.375% to 05/15/28 then T5Y + 3.209%, Series Z </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;1,611,939</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)(2)(3)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>1,420,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>7.625% to 11/15/28 then T5Y + 3.211%, Series AA </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;1,491,679</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)(2)(3)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Citizens Financial Group, Inc.:</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>36,100</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>7.375%, Series H </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;957,733</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>2,325,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>TSFR3M + 3.41861%, 7.71466%</FONT><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">(4)</SUP><FONT>, Series C </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;2,338,350</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)(2)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>CoBank ACB:</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>609,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>6.25% to 10/01/26 then TSFR3M + 4.92161%, Series I, 144A**** </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;610,596</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)(2)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>535,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>7.125% to 01/01/30 then T5Y + 2.818%, Series M, 144A**** </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;548,071</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>6,685,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Comerica, Inc., 5.625% to 10/01/25 then T5Y + 5.291%, Series A </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;6,672,935</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)(2)(3)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>285,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Compeer Financial ACA, 4.875% to 08/15/26 then <br>T5Y + 4.10%, Series B-1, 144A**** </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;277,875</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>47,900</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>ConnectOne Bancorp, Inc., 5.25% to 09/01/26 then T5Y + 4.42%, Series A </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;1,108,885</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)(2)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>39,000</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Dime Community Bancshares, Inc., 5.50%, Series A </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;753,480</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Fifth Third Bancorp:</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>64,064</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>6.00%, Series A </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;1,595,834</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>169,409</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>TSFR3M + 3.97161%, 8.30039%</FONT><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">(4)</SUP><FONT>, Series I </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;4,426,657</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)(2)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>19,620</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>First Citizens BancShares, Inc., 5.375%, Series A </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;440,273</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)&#160;</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                    </TABLE>
                </DIV>
            </DIV>
        </DIV>
        <DIV style="page-break-before: always; ">
            <P style="font-size: 5pt; margin: 0pt; ">&#8203;</P>
        </DIV>
        <DIV style="margin: auto; overflow: hidden; width: 621.0pt; position: relative; border-bottom: 2pt solid black; height: 703.8pt; ">
            <DIV style="border: 0pt; padding-top: 0pt; top: 641.7pt; left: 31.05pt; padding-left: 0pt; width: 558.9pt; padding-bottom: 0pt; position: absolute; padding-right: 0pt; height: 31.05pt; ">
                <DIV style="vertical-align: bottom; width: 558.9pt; display: table-cell; height: 31.05pt; ">
                    <!-- [if IE]><TABLE><TR style=" width: 558.9pt; height: 31.05pt;"><TD vAlign="bottom" style=" width: 558.9pt; height: 31.05pt;"><![endif]-->
                    <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 12pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center; margin-right: 0pt; "><FONT style="font-size: 8pt; font-family: Arial, sans-serif; "> <br></FONT><FONT style="font-size: 10pt; font-family: Arial, sans-serif; ">2</FONT></P>
                    <!-- [if IE]></TD></TR></TABLE><![endif]-->
                </DIV>
            </DIV>
            <DIV style="border: 0pt; padding-top: 0pt; top: 31.05pt; left: 31.05pt; padding-left: 0pt; width: 558.9pt; padding-bottom: 0pt; position: absolute; padding-right: 0pt; height: 79.35pt; ">
                <P style="border-top: 1pt solid ; color: #000000; font-size: 12pt; margin-right: 0pt; margin-left: 0pt; text-indent: 0pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; "><FONT style="font-size: 8pt; font-family: Arial, sans-serif; ">&#160;</FONT></P>
                <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 12pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; margin-right: 0pt; "><FONT style="font-size: 8pt; font-family: Arial, sans-serif; "><B>Flaherty &amp; Crumrine Total Return Fund Incorporated</B></FONT></P>
                <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 12pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; margin-right: 0pt; "><FONT style="font-family: Arial, sans-serif; "><B>PORTFOLIO OF INVESTMENTS (Continued)</B></FONT></P>
                <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 12pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; margin-right: 0pt; "><FONT style="font-size: 10pt; font-family: Arial, sans-serif; "><B>February 28, 2025 (Unaudited)</B></FONT></P>
                <P style="color: #000000; font-size: 12pt; border-bottom: 1pt solid ; margin-right: 0pt; margin-left: 0pt; text-indent: 0pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; "><FONT style="font-size: 8pt; font-family: Arial, sans-serif; ">&#160;</FONT></P>
            </DIV>
            <DIV style="border: 0pt; padding-top: 0pt; top: 110.4pt; left: 31.05pt; padding-left: 0pt; width: 558.9pt; padding-bottom: 0pt; position: absolute; padding-right: 0pt; height: 535.96pt; ">
                <DIV style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: 11pt; margin-top: 0pt; margin-bottom: 6pt; text-align: justify; margin-right: 0pt; ">
                    <TABLE style="width: 573.85pt; margin-top: 4pt; margin-bottom: 2pt; table-layout: fixed; border-collapse: collapse; ">
                        <TR style="margin: 0; height: 0; ">
                            <TD style="border: 0; width: 63.24999999999999pt; padding: 0; margin: 0; ">
                            </TD>
                            <TD style="border: 0; width: 13.799999999999999pt; padding: 0; margin: 0; ">
                            </TD>
                            <TD style="border: 0; width: 382.95pt; padding: 0; margin: 0; ">
                            </TD>
                            <TD style="border: 0; width: 72.44999999999999pt; padding: 0; margin: 0; ">
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0; margin: 0; padding: 0; width: 41.4pt">
                            </TD>
                        </TR>
                        <TR style="min-height: 3pt; ">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 8pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: center; margin-right: 0pt; "><FONT style="font-weight: bold; "><B>Shares/$ Par</B></FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 8pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: center; margin-right: 0pt; "><FONT style="font-weight: bold; "><B>Value</B></FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR style="min-height: 3pt; ">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>First Horizon Corporation:</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>21,200</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>6.50%, Series E </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>526,608</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>3</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>FT Real Estate Securities Company, 9.50% 03/31/31, Series B, 144A**** </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;3,450,000</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>875</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 20.7pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>First Horizon Bank, TSFR3M + 1.11161%, min 3.75%, 5.40064%</FONT><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">(4)</SUP><FONT>, <br>Series A, 144A**** </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;639,844</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>11,400</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Fulton Financial Corporation, 5.125%, Series A </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;229,824</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Goldman Sachs Group:</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>800,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>6.125% to 11/10/34 then T10Y + 2.40%, Series Y </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;794,011</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>500,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>6.85% to 02/10/30 then T5Y + 2.461%, Series Z </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;511,422</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>830,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>7.379% to 08/10/29 then T5Y + 3.623%, Series Q </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;837,707</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)(2)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>405,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>7.50% to 02/10/29 then T5Y + 3.156%, Series W </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;430,121</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>1,590,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>7.50% to 05/10/29 then T5Y + 2.809%, Series X </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;1,670,109</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)(2)(3)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>300,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>T5Y + 3.224%, 7.56%</FONT><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">(4)</SUP><FONT>, Series R </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;302,981</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Huntington Bancshares, Inc.:</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>405,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>4.45% to 10/15/27 then T7Y + 4.045%, Series G </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>395,865</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>1,175,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>5.625% to 07/15/30 then T10Y + 4.945%, Series F </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;1,167,395</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)(2)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>43,600</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>6.875% to 04/15/28 then T5Y + 2.704%, Series J </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;1,126,624</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)(2)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>JPMorgan Chase &amp; Company:</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>850,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>3.65% to 06/01/26 then T5Y + 2.85%, Series KK </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;831,750</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)(2)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>1,700,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>6.875% to 06/01/29 then T5Y + 2.737%, Series NN </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;1,789,276</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)(2)(3)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>KeyCorp:</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>78,103</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>6.125% to 12/15/26 then TSFR3M + 4.15361%, Series E </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;1,974,444</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)(2)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>60,200</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>6.20% to 12/15/27 then T5Y + 3.132%, Series H </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;1,508,010</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)(2)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>M&amp;T Bank Corporation:</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>725,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>3.50% to 09/01/26 then T5Y + 2.679%, Series I </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;692,040</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)(2)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>445,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>5.125% to 11/01/26 then TSFR3M + 3.78161%, Series F </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;442,477</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>23,066</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>5.625% to 12/15/26 then TSFR3M + 4.28161%, Series H </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;584,723</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)(2)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Morgan Stanley:</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>126,844</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>5.85%, Series K </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;3,153,342</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)(2)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>19,000</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>6.625%, Series Q </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;495,520</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>89,000</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>6.875%, Series F </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;2,257,040</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)(2)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>35,823</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>7.125%, Series E </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;913,487</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)(2)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>540,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>TSFR3M + 3.42161%, 7.78018%</FONT><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">(4)</SUP><FONT>, Series N </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;547,570</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)(2)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>241,200</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>New York Community Bancorp, Inc., 6.375% to 03/17/27 then <br>3ML + 3.821%, Series A </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;5,607,900</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>67,000</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Northpointe Bancshares, Inc., 8.25% to 12/30/25 then <br>TSFR3M + 7.99%, Series A </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;1,532,625</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)&#160;</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                    </TABLE>
                </DIV>
            </DIV>
        </DIV>
        <DIV style="page-break-before: always; ">
            <P style="font-size: 5pt; margin: 0pt; ">&#8203;</P>
        </DIV>
        <DIV style="margin: auto; overflow: hidden; width: 621.0pt; position: relative; border-bottom: 2pt solid black; height: 703.8pt; ">
            <DIV style="border: 0pt; padding-top: 0pt; top: 641.7pt; left: 31.05pt; padding-left: 0pt; width: 558.9pt; padding-bottom: 0pt; position: absolute; padding-right: 0pt; height: 31.05pt; ">
                <DIV style="vertical-align: bottom; width: 558.9pt; display: table-cell; height: 31.05pt; ">
                    <!-- [if IE]><TABLE><TR style=" width: 558.9pt; height: 31.05pt;"><TD vAlign="bottom" style=" width: 558.9pt; height: 31.05pt;"><![endif]-->
                    <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 12pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center; margin-right: 0pt; "><FONT style="font-size: 8pt; font-family: Arial, sans-serif; "> <br></FONT><FONT style="font-size: 10pt; font-family: Arial, sans-serif; ">3</FONT></P>
                    <!-- [if IE]></TD></TR></TABLE><![endif]-->
                </DIV>
            </DIV>
            <DIV style="border: 0pt; padding-top: 0pt; top: 31.05pt; left: 31.05pt; padding-left: 0pt; width: 558.9pt; padding-bottom: 0pt; position: absolute; padding-right: 0pt; height: 79.35pt; ">
                <P style="border-top: 1pt solid ; margin-left: 0pt; color: #000000; font-size: 12pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; text-align: right; margin-right: 0pt; "><FONT style="font-size: 8pt; font-family: Arial, sans-serif; ">&#160;</FONT></P>
                <P style="margin-left: 0pt; color: #000000; font-size: 12pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; text-align: right; margin-right: 0pt; "><FONT style="font-size: 8pt; font-family: Arial, sans-serif; "><B>Flaherty &amp; Crumrine Total Return Fund Incorporated</B></FONT></P>
                <P style="margin-left: 0pt; color: #000000; font-size: 12pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; text-align: right; margin-right: 0pt; "><FONT style="font-family: Arial, sans-serif; "><B>PORTFOLIO OF INVESTMENTS (Continued)</B></FONT></P>
                <P style="margin-left: 0pt; color: #000000; font-size: 12pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; text-align: right; margin-right: 0pt; "><FONT style="font-size: 10pt; font-family: Arial, sans-serif; "><B>February 28, 2025 (Unaudited)</B></FONT></P>
                <P style="margin-left: 0pt; color: #000000; font-size: 12pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; border-bottom: 1pt solid ; text-align: right; margin-right: 0pt; "><FONT style="font-size: 8pt; font-family: Arial, sans-serif; ">&#160;</FONT></P>
            </DIV>
            <DIV style="border: 0pt; padding-top: 0pt; top: 110.4pt; left: 31.05pt; padding-left: 0pt; width: 558.9pt; padding-bottom: 0pt; position: absolute; padding-right: 0pt; height: 531.3pt; ">
                <DIV style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: 11pt; margin-top: 0pt; margin-bottom: 6pt; text-align: justify; margin-right: 0pt; ">
                    <TABLE style="width: 573.85pt; margin-top: 4pt; margin-bottom: 2pt; table-layout: fixed; border-collapse: collapse; ">
                        <TR style="margin: 0; height: 0; ">
                            <TD style="border: 0; width: 63.24999999999999pt; padding: 0; margin: 0; ">
                            </TD>
                            <TD style="border: 0; width: 13.799999999999999pt; padding: 0; margin: 0; ">
                            </TD>
                            <TD style="border: 0; width: 382.95pt; padding: 0; margin: 0; ">
                            </TD>
                            <TD style="border: 0; width: 72.44999999999999pt; padding: 0; margin: 0; ">
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0; margin: 0; padding: 0; width: 41.4pt">
                            </TD>
                        </TR>
                        <TR style="min-height: 3pt; ">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 8pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: center; margin-right: 0pt; "><FONT style="font-weight: bold; "><B>Shares/$ Par</B></FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 8pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: center; margin-right: 0pt; "><FONT style="font-weight: bold; "><B>Value</B></FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR style="min-height: 3pt; ">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>PNC Financial Services Group, Inc.:</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>400,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>3.40% to 09/15/26 then T5Y + 2.595%, Series T </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>380,667</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>3,280,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>6.00% to 05/15/27 then T5Y + 3.00%, Series U </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;3,279,143</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)(2)(3)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>760,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>6.20% to 09/15/27 then T5Y + 3.238%, Series V </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;771,153</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)(2)(3)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>1,365,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>6.25% to 03/15/30 then T7Y + 2.808%, Series W </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;1,373,655</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)(2)(3)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Regions Financial Corporation:</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>125,350</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>5.70% to 08/15/29 then TSFR3M + 3.40961%, Series C </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;3,067,314</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)(2)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>65,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>5.75% to 09/15/25 then T5Y + 5.426%, Series D </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;65,012</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>57,000</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>6.95% to 09/15/29 then T5Y + 2.771%, Series F </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;1,485,990</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>1,000,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>State Street Corporation, 6.70% to 03/15/29 then T5Y + 2.613%, Series I </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;1,024,961</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)(2)(3)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Synchrony Financial:</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>55,500</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>5.625%, Series A </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;1,069,485</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)(2)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>63,300</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>8.25% to 05/15/29 then T5Y + 4.044%, Series B </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;1,620,480</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>122,848</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Synovus Financial Corporation, 8.397% to 07/01/29 then <br>T5Y + 4.127%, Series E </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;3,202,647</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)(2)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>35,900</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Texas Capital Bancshares Inc., 5.75%, Series B </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;757,490</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)(2)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Truist Financial Corporation:</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>870,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>4.95% to 12/01/25 then T5Y + 4.605%, Series P </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;868,852</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)(2)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>585,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>5.10% to 09/01/30 then T10Y + 4.349%, Series Q </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;573,624</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)(2)(3)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>42,600</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>UMB Financial Corporation, 7.00% to 07/15/25 then T5Y + 6.675%, Series A </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;1,072,242</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)(2)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Valley National Bancorp:</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>8,300</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>8.25% to 09/30/29 then T5Y + 4.182%, Series C </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;211,650</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>38,203</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>TSFR3M + 3.8396%, 8.16427%</FONT><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">(4)</SUP><FONT>, Series B </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;968,064</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)(2)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>25,000</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Washington Federal, Inc., 4.875%, Series A </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;416,500</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)(2)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>13,416</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Webster Financial Corporation, 6.50%, Series G </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;322,923</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Wells Fargo &amp; Company:</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>32,938</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>4.70%, Series AA </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>664,360</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>325</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>7.50%, Series L </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;394,274</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>925,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>3.90% to 03/15/26 then T5Y + 3.453%, Series BB </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;907,694</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)(2)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>1,470,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>6.85% to 09/15/29 then T5Y + 2.767%, Series FF </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;1,521,920</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>2,400,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>7.625% to 09/15/28 then T5Y + 3.606%, Series EE </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;2,558,037</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)(2)(3)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>49,000</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>WesBanco, Inc., 6.75% to 11/15/25 then T5Y + 6.557%, Series A </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;1,233,085</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)(2)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>25,300</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Western Alliance Bancorp, 4.25% to 09/30/26 then T5Y + 3.452%, Series A </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;575,575</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>48,000</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Wintrust Financial Corporation, 6.875% to 07/15/25 then <br>T5Y + 6.507%, Series E </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;1,212,000</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)(2)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;</FONT></P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;98,480,262</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                    </TABLE>
                </DIV>
            </DIV>
        </DIV>
        <DIV style="page-break-before: always; ">
            <P style="font-size: 5pt; margin: 0pt; ">&#8203;</P>
        </DIV>
        <DIV style="margin: auto; overflow: hidden; width: 621.0pt; position: relative; border-bottom: 2pt solid black; height: 703.8pt; ">
            <DIV style="border: 0pt; padding-top: 0pt; top: 641.7pt; left: 31.05pt; padding-left: 0pt; width: 558.9pt; padding-bottom: 0pt; position: absolute; padding-right: 0pt; height: 31.05pt; ">
                <DIV style="vertical-align: bottom; width: 558.9pt; display: table-cell; height: 31.05pt; ">
                    <!-- [if IE]><TABLE><TR style=" width: 558.9pt; height: 31.05pt;"><TD vAlign="bottom" style=" width: 558.9pt; height: 31.05pt;"><![endif]-->
                    <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 12pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center; margin-right: 0pt; "><FONT style="font-size: 8pt; font-family: Arial, sans-serif; "> <br></FONT><FONT style="font-size: 10pt; font-family: Arial, sans-serif; ">4</FONT></P>
                    <!-- [if IE]></TD></TR></TABLE><![endif]-->
                </DIV>
            </DIV>
            <DIV style="border: 0pt; padding-top: 0pt; top: 31.05pt; left: 31.05pt; padding-left: 0pt; width: 558.9pt; padding-bottom: 0pt; position: absolute; padding-right: 0pt; height: 79.35pt; ">
                <P style="border-top: 1pt solid ; color: #000000; font-size: 12pt; margin-right: 0pt; margin-left: 0pt; text-indent: 0pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; "><FONT style="font-size: 8pt; font-family: Arial, sans-serif; ">&#160;</FONT></P>
                <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 12pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; margin-right: 0pt; "><FONT style="font-size: 8pt; font-family: Arial, sans-serif; "><B>Flaherty &amp; Crumrine Total Return Fund Incorporated</B></FONT></P>
                <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 12pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; margin-right: 0pt; "><FONT style="font-family: Arial, sans-serif; "><B>PORTFOLIO OF INVESTMENTS (Continued)</B></FONT></P>
                <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 12pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; margin-right: 0pt; "><FONT style="font-size: 10pt; font-family: Arial, sans-serif; "><B>February 28, 2025 (Unaudited)</B></FONT></P>
                <P style="color: #000000; font-size: 12pt; border-bottom: 1pt solid ; margin-right: 0pt; margin-left: 0pt; text-indent: 0pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; "><FONT style="font-size: 8pt; font-family: Arial, sans-serif; ">&#160;</FONT></P>
            </DIV>
            <DIV style="border: 0pt; padding-top: 0pt; top: 110.4pt; left: 31.05pt; padding-left: 0pt; width: 558.9pt; padding-bottom: 0pt; position: absolute; padding-right: 0pt; height: 531.3pt; ">
                <DIV style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: 11pt; margin-top: 0pt; margin-bottom: 6pt; text-align: justify; margin-right: 0pt; ">
                    <TABLE style="width: 573.85pt; margin-top: 4pt; margin-bottom: 2pt; table-layout: fixed; border-collapse: collapse; ">
                        <TR style="margin: 0; height: 0; ">
                            <TD style="border: 0; width: 63.24999999999999pt; padding: 0; margin: 0; ">
                            </TD>
                            <TD style="border: 0; width: 13.799999999999999pt; padding: 0; margin: 0; ">
                            </TD>
                            <TD style="border: 0; width: 382.95pt; padding: 0; margin: 0; ">
                            </TD>
                            <TD style="border: 0; width: 72.44999999999999pt; padding: 0; margin: 0; ">
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0; margin: 0; padding: 0; width: 41.4pt">
                            </TD>
                        </TR>
                        <TR style="min-height: 3pt; ">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 8pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: center; margin-right: 0pt; "><FONT style="font-weight: bold; "><B>Shares/$ Par</B></FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 8pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: center; margin-right: 0pt; "><FONT style="font-weight: bold; "><B>Value</B></FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR style="min-height: 3pt; ">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="font-weight: bold; "><B>&#160;</B></FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT style="font-weight: bold; "><B>Financial Services &#8212; 3.2%</B></FONT></P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 0pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>1,180,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>AerCap Holdings NV, 6.95% to 03/10/30 then T5Y + 2.72%, 03/10/55 </FONT></P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>1,216,632</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">(2)(5)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>29,800</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Affiliated Managers Group, Inc., 6.75% 03/30/64 </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;749,172</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Ally Financial, Inc.:</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>1,390,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>4.70% to 05/15/26 then T5Y + 3.868%, Series B </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;1,350,641</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)(2)(3)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>925,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>4.70% to 05/15/28 then T7Y + 3.481%, Series C </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;841,982</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)(2)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>775,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>American Express Company, 3.55% to 09/15/26 then <br>T5Y + 2.854%, Series D </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;752,922</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)(2)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>15,400</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Carlyle Finance LLC, 4.625% 05/15/61 </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;277,662</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>880,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Discover Financial Services, 6.125% to 09/23/25 then <br>T5Y + 5.783%, Series D </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;881,640</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)(2)(3)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>General Motors Financial Company:</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>800,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>5.70% to 09/30/30 then T5Y + 4.997%, Series C </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;777,639</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)(2)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>285,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>5.75% to 09/30/27 then 3ML + 3.598%, Series A </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;277,976</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)(2)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>1,000,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>6.50% to 09/30/28 then 3ML + 3.436%, Series B </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;994,104</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)(2)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>21,000</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Raymond James Financial, Inc., 6.375% to 07/01/26 then <br>TSFR3M + 4.34961%, Series B </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;532,562</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)(2)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>29,000</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Stifel Financial Corp., 6.25%, Series B </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;728,190</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)(2)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>27,380</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>TPG Operating Group II LP, 6.95% 03/15/64 </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;703,118</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">(2)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;</FONT></P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;10,084,240</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT style="font-weight: bold; "><B>Insurance &#8212; 19.2%</B></FONT></P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 0pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>2,150,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>American International Group, Inc., 8.175% to 05/15/38 then <br>3ML + 4.195%, 05/15/58, Series A-6 </FONT></P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;2,479,786</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">(2)(3)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>19,300</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Assurant, Inc., 5.25% 01/15/61 </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;389,474</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Athene Holding Ltd.:</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>28,800</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>4.875%, Series D </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;522,720</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)(2)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>123,400</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>6.35% to 06/30/29 then 3ML + 4.253%, Series A </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;3,104,744</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)(2)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>38,520</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>7.25% to 03/30/29 then T5Y + 2.986%, 03/30/64 </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;997,283</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">(2)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>880,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>AXIS Specialty Finance LLC, 4.90% to 01/15/30 then T5Y + 3.186%, 01/15/40 </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;833,658</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">(2)(5)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Chubb Ltd.:</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>1,440,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Ace Capital Trust II, 9.70% 04/01/30 </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;1,688,813</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">(2)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>16,100</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>CNO Financial Group, Inc., 5.125% 11/25/60 </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;316,848</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>800,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Corebridge Financial, Inc., 6.375% to 09/15/34 then <br>T5Y + 2.646%, 09/15/54, 144A**** </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;800,946</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">(2)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>660,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>CVS Health Corporation, 7.00% to 03/10/30 then T5Y + 2.886%, 03/10/55, Series A </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;667,613</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>224,200</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Delphi Financial Group, TSFR3M + 3.45161%, 7.7746%</FONT><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">(4)</SUP><FONT>, 05/15/37 </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;5,448,060</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">(2)&#160;</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                    </TABLE>
                </DIV>
            </DIV>
        </DIV>
        <DIV style="page-break-before: always; ">
            <P style="font-size: 5pt; margin: 0pt; ">&#8203;</P>
        </DIV>
        <DIV style="margin: auto; overflow: hidden; width: 621.0pt; position: relative; border-bottom: 2pt solid black; height: 703.8pt; ">
            <DIV style="border: 0pt; padding-top: 0pt; top: 641.7pt; left: 31.05pt; padding-left: 0pt; width: 558.9pt; padding-bottom: 0pt; position: absolute; padding-right: 0pt; height: 31.05pt; ">
                <DIV style="vertical-align: bottom; width: 558.9pt; display: table-cell; height: 31.05pt; ">
                    <!-- [if IE]><TABLE><TR style=" width: 558.9pt; height: 31.05pt;"><TD vAlign="bottom" style=" width: 558.9pt; height: 31.05pt;"><![endif]-->
                    <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 12pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center; margin-right: 0pt; "><FONT style="font-size: 8pt; font-family: Arial, sans-serif; "> <br></FONT><FONT style="font-size: 10pt; font-family: Arial, sans-serif; ">5</FONT></P>
                    <!-- [if IE]></TD></TR></TABLE><![endif]-->
                </DIV>
            </DIV>
            <DIV style="border: 0pt; padding-top: 0pt; top: 31.05pt; left: 31.05pt; padding-left: 0pt; width: 558.9pt; padding-bottom: 0pt; position: absolute; padding-right: 0pt; height: 79.35pt; ">
                <P style="border-top: 1pt solid ; margin-left: 0pt; color: #000000; font-size: 12pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; text-align: right; margin-right: 0pt; "><FONT style="font-size: 8pt; font-family: Arial, sans-serif; ">&#160;</FONT></P>
                <P style="margin-left: 0pt; color: #000000; font-size: 12pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; text-align: right; margin-right: 0pt; "><FONT style="font-size: 8pt; font-family: Arial, sans-serif; "><B>Flaherty &amp; Crumrine Total Return Fund Incorporated</B></FONT></P>
                <P style="margin-left: 0pt; color: #000000; font-size: 12pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; text-align: right; margin-right: 0pt; "><FONT style="font-family: Arial, sans-serif; "><B>PORTFOLIO OF INVESTMENTS (Continued)</B></FONT></P>
                <P style="margin-left: 0pt; color: #000000; font-size: 12pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; text-align: right; margin-right: 0pt; "><FONT style="font-size: 10pt; font-family: Arial, sans-serif; "><B>February 28, 2025 (Unaudited)</B></FONT></P>
                <P style="margin-left: 0pt; color: #000000; font-size: 12pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; border-bottom: 1pt solid ; text-align: right; margin-right: 0pt; "><FONT style="font-size: 8pt; font-family: Arial, sans-serif; ">&#160;</FONT></P>
            </DIV>
            <DIV style="border: 0pt; padding-top: 0pt; top: 110.4pt; left: 31.05pt; padding-left: 0pt; width: 558.9pt; padding-bottom: 0pt; position: absolute; padding-right: 0pt; height: 531.3pt; ">
                <DIV style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: 11pt; margin-top: 0pt; margin-bottom: 6pt; text-align: justify; margin-right: 0pt; ">
                    <TABLE style="width: 573.85pt; margin-top: 4pt; margin-bottom: 2pt; table-layout: fixed; border-collapse: collapse; ">
                        <TR style="margin: 0; height: 0; ">
                            <TD style="border: 0; width: 63.24999999999999pt; padding: 0; margin: 0; ">
                            </TD>
                            <TD style="border: 0; width: 13.799999999999999pt; padding: 0; margin: 0; ">
                            </TD>
                            <TD style="border: 0; width: 382.95pt; padding: 0; margin: 0; ">
                            </TD>
                            <TD style="border: 0; width: 72.44999999999999pt; padding: 0; margin: 0; ">
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0; margin: 0; padding: 0; width: 41.4pt">
                            </TD>
                        </TR>
                        <TR style="min-height: 3pt; ">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 8pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: center; margin-right: 0pt; "><FONT style="font-weight: bold; "><B>Shares/$ Par</B></FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 8pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: center; margin-right: 0pt; "><FONT style="font-weight: bold; "><B>Value</B></FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR style="min-height: 3pt; ">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Enstar Group Ltd.:</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>61,000</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>7.00% to 09/01/28 then 3ML + 4.015%, Series D </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>1,283,440</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">**(1)(2)(5)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>720,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Enstar Finance LLC, 5.50% to 01/15/27 then T5Y + 4.006%, 01/15/42 </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;701,272</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">(2)(5)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>575,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Enstar Finance LLC, 5.75% to 09/01/25 then T5Y + 5.468%, 09/01/40 </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;574,623</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">(2)(3)(5)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>150,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Equitable Holdings, Inc., 4.95% to 12/15/25 then T5Y + 4.736%, Series B </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;149,624</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>1,519,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Everest Reinsurance Holdings, TSFR3M + 2.6466%, 6.96959%</FONT><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">(4)</SUP><FONT>, 05/15/37 </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;1,482,881</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">(2)(3)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>23,800</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>F&amp;G Annuities &amp; Life, Inc., 7.30% 01/15/65 </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;590,716</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>580,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Fortegra Group, Inc., 9.25% to 11/15/34 then T5Y + 8.72%, 11/15/64, 144A**** </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;582,872</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Global Atlantic Fin Company:</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>1,590,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>4.70% to 10/15/26 then T5Y + 3.796%, 10/15/51, 144A**** </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;1,546,095</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">(2)(3)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>730,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>7.95% to 10/15/29 then T5Y + 3.608%, 10/15/54, 144A**** </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;767,551</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>15,800</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Jackson Financial, Inc., 8.00% to 03/30/28 then T5Y + 3.728%, Series A </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;416,646</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>1,000,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Kuvare US Holdings, Inc., 7.00% to 05/01/26 then <br>T5Y + 6.541%, 02/17/51, Series A, 144A**** </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;1,001,756</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*</SUP></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Liberty Mutual Group:</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>6,351,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>7.80% 03/15/37, 144A**** </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;7,179,170</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">(2)(3)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>940,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>4.125% to 12/15/26 then T5Y + 3.315%, 12/15/51, 144A**** </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;899,513</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Lincoln National Corporation:</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>21,200</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>9.00%, Series D </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;570,280</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)(2)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>530,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>9.25% to 03/01/28 then T5Y + 5.318%, Series C </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;574,379</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)(2)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>MetLife, Inc.:</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>5,335,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>9.25% 04/08/38, 144A**** </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;6,350,752</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">(2)(3)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>3,640,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>10.75% 08/01/39 </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;4,934,420</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">(2)(3)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>577,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>MetLife Capital Trust IV, 7.875% 12/15/37, 144A**** </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;635,921</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Prudential Financial, Inc.:</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>1,065,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>6.00% to 09/01/32 then T5Y + 3.234%, 09/01/52 </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;1,066,599</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">(2)(3)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>400,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>6.75% to 03/01/33 then T5Y + 2.848%, 03/01/53 </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;417,792</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">(2)(3)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Reinsurance Group of America, Inc.:</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>300,000</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>6.65% to 09/15/35 then T5Y + 2.392%, 09/15/55 </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;300,011</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>34,725</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>7.125% to 10/15/27 then T5Y + 3.456%, 10/15/52 </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;907,017</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">(2)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>SBL Holdings, Inc.:</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>1,500,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>6.50% to 11/13/26 then T5Y + 5.62%, Series B, 144A**** </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;1,395,933</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)(2)(3)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>1,300,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>7.00% to 05/13/25 then T5Y + 5.58%, Series A, 144A**** </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;1,278,542</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)(2)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Unum Group:</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>5,803,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Provident Financing Trust I, 7.405% 03/15/38 </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;6,220,159</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">(2)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>33,000</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Voya Financial, Inc., 5.35% to 09/15/29 then T5Y + 3.21%, Series B </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;827,310</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)(2)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;</FONT></P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;59,905,219</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                    </TABLE>
                </DIV>
            </DIV>
        </DIV>
        <DIV style="page-break-before: always; ">
            <P style="font-size: 5pt; margin: 0pt; ">&#8203;</P>
        </DIV>
        <DIV style="margin: auto; overflow: hidden; width: 621.0pt; position: relative; border-bottom: 2pt solid black; height: 703.8pt; ">
            <DIV style="border: 0pt; padding-top: 0pt; top: 641.7pt; left: 31.05pt; padding-left: 0pt; width: 558.9pt; padding-bottom: 0pt; position: absolute; padding-right: 0pt; height: 31.05pt; ">
                <DIV style="vertical-align: bottom; width: 558.9pt; display: table-cell; height: 31.05pt; ">
                    <!-- [if IE]><TABLE><TR style=" width: 558.9pt; height: 31.05pt;"><TD vAlign="bottom" style=" width: 558.9pt; height: 31.05pt;"><![endif]-->
                    <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 12pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center; margin-right: 0pt; "><FONT style="font-size: 8pt; font-family: Arial, sans-serif; "> <br></FONT><FONT style="font-size: 10pt; font-family: Arial, sans-serif; ">6</FONT></P>
                    <!-- [if IE]></TD></TR></TABLE><![endif]-->
                </DIV>
            </DIV>
            <DIV style="border: 0pt; padding-top: 0pt; top: 31.05pt; left: 31.05pt; padding-left: 0pt; width: 558.9pt; padding-bottom: 0pt; position: absolute; padding-right: 0pt; height: 79.35pt; ">
                <P style="border-top: 1pt solid ; color: #000000; font-size: 12pt; margin-right: 0pt; margin-left: 0pt; text-indent: 0pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; "><FONT style="font-size: 8pt; font-family: Arial, sans-serif; ">&#160;</FONT></P>
                <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 12pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; margin-right: 0pt; "><FONT style="font-size: 8pt; font-family: Arial, sans-serif; "><B>Flaherty &amp; Crumrine Total Return Fund Incorporated</B></FONT></P>
                <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 12pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; margin-right: 0pt; "><FONT style="font-family: Arial, sans-serif; "><B>PORTFOLIO OF INVESTMENTS (Continued)</B></FONT></P>
                <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 12pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; margin-right: 0pt; "><FONT style="font-size: 10pt; font-family: Arial, sans-serif; "><B>February 28, 2025 (Unaudited)</B></FONT></P>
                <P style="color: #000000; font-size: 12pt; border-bottom: 1pt solid ; margin-right: 0pt; margin-left: 0pt; text-indent: 0pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; "><FONT style="font-size: 8pt; font-family: Arial, sans-serif; ">&#160;</FONT></P>
            </DIV>
            <DIV style="border: 0pt; padding-top: 0pt; top: 110.4pt; left: 31.05pt; padding-left: 0pt; width: 558.9pt; padding-bottom: 0pt; position: absolute; padding-right: 0pt; height: 531.3pt; ">
                <DIV style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: 11pt; margin-top: 0pt; margin-bottom: 6pt; text-align: justify; margin-right: 0pt; ">
                    <TABLE style="width: 573.85pt; margin-top: 4pt; margin-bottom: 2pt; table-layout: fixed; border-collapse: collapse; ">
                        <TR style="margin: 0; height: 0; ">
                            <TD style="border: 0; width: 63.24999999999999pt; padding: 0; margin: 0; ">
                            </TD>
                            <TD style="border: 0; width: 13.799999999999999pt; padding: 0; margin: 0; ">
                            </TD>
                            <TD style="border: 0; width: 382.95pt; padding: 0; margin: 0; ">
                            </TD>
                            <TD style="border: 0; width: 72.44999999999999pt; padding: 0; margin: 0; ">
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0; margin: 0; padding: 0; width: 41.4pt">
                            </TD>
                        </TR>
                        <TR style="min-height: 3pt; ">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 8pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: center; margin-right: 0pt; "><FONT style="font-weight: bold; "><B>Shares/$ Par</B></FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 8pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: center; margin-right: 0pt; "><FONT style="font-weight: bold; "><B>Value</B></FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR style="min-height: 3pt; ">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT style="font-weight: bold; "><B>Utilities &#8212; 11.0%</B></FONT></P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 0pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>975,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 20.7pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>AES Corporation, 7.60% to 01/15/30 then T5Y + 3.201%, 01/15/55 </FONT></P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>997,298</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Algonquin Power &amp; Utilities Corporation: </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>800,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>4.75% to 04/18/27 then T5Y + 3.249%, 01/18/82, Series 2022-B </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;767,012</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">(2)(3)(5)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>104,510</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>TSFR3M + 4.27161%, 8.58205%</FONT><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">(4)</SUP><FONT>, 07/01/79, Series 2019-A </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;2,701,583</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">(2)(5)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>665,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>AltaGas Ltd., 7.20% to 10/15/34 then T5Y + 3.573%, 10/15/54, 144A**** </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;667,270</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">(5)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>1,235,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>American Electric Power Company, Inc., 6.95% to 12/15/34 then <br>T5Y + 2.675%, 12/15/54, Series B </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;1,265,214</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">(2)(3)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>950,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>CenterPoint Energy, Inc., 6.85% to 02/15/35 then T5Y + 2.946%, 02/15/55, Series B </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;960,955</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">(2)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>470,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>CMS Energy Corporation, 6.50% to 06/01/35 then T5Y + 1.961%, 06/01/55 </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;466,713</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Commonwealth Edison:</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>944,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>COMED Financing III, 6.35% 03/15/33 </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>968,358</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">(2)(3)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Dominion Energy, Inc.:</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>650,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>4.35% to 04/15/27 then T5Y + 3.195%, Series C </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;632,099</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)(2)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>1,070,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>6.625% to 05/15/35 then T5Y + 2.207%, 05/15/55, Series C </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;1,082,682</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">(2)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>1,650,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>7.00% to 06/01/34 then T5Y + 2.511%, 06/01/54, Series B </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;1,745,035</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">(2)(3)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>1,200,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Duke Energy Corporation, 6.45% to 09/01/34 then T5Y + 2.588%, 09/01/54 </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;1,213,861</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">(2)(3)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Edison International:</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>1,733,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>5.00% to 03/15/27 then T5Y + 3.901%, Series B </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;1,589,234</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)(2)(3)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>560,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>5.375% to 03/15/26 then T5Y + 4.698%, Series A </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;539,077</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Emera, Inc.:</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>2,940,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>6.75% to 06/15/26 then 3ML + 5.44%, 06/15/76, Series 2016-A </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;2,970,847</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">(2)(5)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>1,475,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>EUSHI Finance, Inc., 7.625% to 12/15/29 then T5Y + 3.136%, 12/15/54 </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;1,546,574</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">(2)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>1,350,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Entergy Corporation, 7.125% to 12/01/29 then T5Y + 2.67%, 12/01/54 </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;1,382,589</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">(2)(3)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>820,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Evergy, Inc., 6.65% to 06/01/30 then T5Y + 2.558%, 06/01/55 </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;821,223</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">(2)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>470,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Exelon Corporation, 6.50% to 03/15/35 then T5Y + 1.975%, 03/15/55 </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;471,228</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>238,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Nevada Power Company, 6.25% to 05/15/30 then T5Y + 1.936%, 05/15/55 </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;238,108</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>NextEra Energy:</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>NextEra Energy Capital Holdings, Inc.: </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>790,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 41.4pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>6.375% to 08/15/30 then T5Y + 2.053%, 08/15/55, Series S </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;794,655</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>500,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 41.4pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>6.70% to 09/01/29 then T5Y + 2.364%, 09/01/54, Series Q </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;508,785</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>875,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 41.4pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>6.75% to 06/15/34 then T5Y + 2.457%, 06/15/54, Series R </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;899,056</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">(2)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>NiSource, Inc.:</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>400,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>6.375% to 03/31/35 then T5Y + 2.527%, 03/31/55 </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;399,725</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>740,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>6.95% to 11/30/29 then T5Y + 2.451%, 11/30/54 </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;757,943</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">(2)&#160;</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                    </TABLE>
                </DIV>
            </DIV>
        </DIV>
        <DIV style="page-break-before: always; ">
            <P style="font-size: 5pt; margin: 0pt; ">&#8203;</P>
        </DIV>
        <DIV style="margin: auto; overflow: hidden; width: 621.0pt; position: relative; border-bottom: 2pt solid black; height: 703.8pt; ">
            <DIV style="border: 0pt; padding-top: 0pt; top: 641.7pt; left: 31.05pt; padding-left: 0pt; width: 558.9pt; padding-bottom: 0pt; position: absolute; padding-right: 0pt; height: 31.05pt; ">
                <DIV style="vertical-align: bottom; width: 558.9pt; display: table-cell; height: 31.05pt; ">
                    <!-- [if IE]><TABLE><TR style=" width: 558.9pt; height: 31.05pt;"><TD vAlign="bottom" style=" width: 558.9pt; height: 31.05pt;"><![endif]-->
                    <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 12pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center; margin-right: 0pt; "><FONT style="font-size: 8pt; font-family: Arial, sans-serif; "> <br></FONT><FONT style="font-size: 10pt; font-family: Arial, sans-serif; ">7</FONT></P>
                    <!-- [if IE]></TD></TR></TABLE><![endif]-->
                </DIV>
            </DIV>
            <DIV style="border: 0pt; padding-top: 0pt; top: 31.05pt; left: 31.05pt; padding-left: 0pt; width: 558.9pt; padding-bottom: 0pt; position: absolute; padding-right: 0pt; height: 79.35pt; ">
                <P style="border-top: 1pt solid ; margin-left: 0pt; color: #000000; font-size: 12pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; text-align: right; margin-right: 0pt; "><FONT style="font-size: 8pt; font-family: Arial, sans-serif; ">&#160;</FONT></P>
                <P style="margin-left: 0pt; color: #000000; font-size: 12pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; text-align: right; margin-right: 0pt; "><FONT style="font-size: 8pt; font-family: Arial, sans-serif; "><B>Flaherty &amp; Crumrine Total Return Fund Incorporated</B></FONT></P>
                <P style="margin-left: 0pt; color: #000000; font-size: 12pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; text-align: right; margin-right: 0pt; "><FONT style="font-family: Arial, sans-serif; "><B>PORTFOLIO OF INVESTMENTS (Continued)</B></FONT></P>
                <P style="margin-left: 0pt; color: #000000; font-size: 12pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; text-align: right; margin-right: 0pt; "><FONT style="font-size: 10pt; font-family: Arial, sans-serif; "><B>February 28, 2025 (Unaudited)</B></FONT></P>
                <P style="margin-left: 0pt; color: #000000; font-size: 12pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; border-bottom: 1pt solid ; text-align: right; margin-right: 0pt; "><FONT style="font-size: 8pt; font-family: Arial, sans-serif; ">&#160;</FONT></P>
            </DIV>
            <DIV style="border: 0pt; padding-top: 0pt; top: 110.4pt; left: 31.05pt; padding-left: 0pt; width: 558.9pt; padding-bottom: 0pt; position: absolute; padding-right: 0pt; height: 531.3pt; ">
                <DIV style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: 11pt; margin-top: 0pt; margin-bottom: 6pt; text-align: justify; margin-right: 0pt; ">
                    <TABLE style="width: 573.85pt; margin-top: 4pt; margin-bottom: 2pt; table-layout: fixed; border-collapse: collapse; ">
                        <TR style="margin: 0; height: 0; ">
                            <TD style="border: 0; width: 63.24999999999999pt; padding: 0; margin: 0; ">
                            </TD>
                            <TD style="border: 0; width: 13.799999999999999pt; padding: 0; margin: 0; ">
                            </TD>
                            <TD style="border: 0; width: 382.95pt; padding: 0; margin: 0; ">
                            </TD>
                            <TD style="border: 0; width: 72.44999999999999pt; padding: 0; margin: 0; ">
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0; margin: 0; padding: 0; width: 41.4pt">
                            </TD>
                        </TR>
                        <TR style="min-height: 3pt; ">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 8pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: center; margin-right: 0pt; "><FONT style="font-weight: bold; "><B>Shares/$ Par</B></FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 8pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: center; margin-right: 0pt; "><FONT style="font-weight: bold; "><B>Value</B></FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR style="min-height: 3pt; ">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Sempra:</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>1,000,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>4.125% to 04/01/27 then T5Y + 2.868%, 04/01/52 </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>947,243</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">(2)(3)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>1,400,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>4.875% to 10/15/25 then T5Y + 4.55%, Series C </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;1,394,190</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)(2)(3)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>800,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>6.40% to 10/01/34 then T5Y + 2.632%, 10/01/54 </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;772,872</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">(2)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>800,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>6.875% to 10/01/29 then T5Y + 2.789%, 10/01/54 </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;803,571</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">(2)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Southern California Edison:</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>176</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>SCE Trust II, 5.10%, Series G </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;3,242</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>44,140</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>SCE Trust V, 5.45% to 03/15/26 then TSFR3M + 4.05161%, Series K </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;1,060,684</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)(2)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>43,600</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>SCE Trust VII, 7.50%, Series M </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;1,035,936</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>28,900</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>SCE Trust VIII, 6.95%, Series N </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;667,590</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Southern Company:</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>832,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>3.75% to 09/15/26 then T5Y + 2.915%, 09/15/51, Series 2021-A </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;807,865</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">(2)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>405,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>6.375% to 03/15/35 then T5Y + 2.069%, 03/15/55, Series 2025-B </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;408,655</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>185,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Vistra Corporation, 7.00% to 12/15/26 then T5Y + 5.74%, Series B, 144A**** </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;188,199</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;</FONT></P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;34,477,171</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT style="font-weight: bold; "><B>Energy &#8212; 4.0%</B></FONT></P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 0pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;</FONT></P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Enbridge, Inc.:</FONT></P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>1,500,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>6.00% to 01/15/27 then TSFR3M + 4.15161%, 01/15/77, Series 2016-A </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;1,494,381</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">(2)(3)(5)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>2,090,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>7.375% to 03/15/30 then T5Y + 3.122%, 03/15/55, Series A </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;2,169,209</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">(2)(3)(5)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>1,000,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>8.50% to 01/15/34 then T5Y + 4.431%, 01/15/84, Series 2023-B </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;1,110,896</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">(5)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Energy Transfer LP:</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>2,426,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>7.125% to 05/15/30 then T5Y + 5.306%, Series G </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>2,472,016</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">(1)(2)(3)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>1,100,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>8.00% to 05/15/29 then T5Y + 4.02%, 05/15/54 </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;1,170,405</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">(2)(3)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>1,000,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Enterprise Products Operating L.P., 5.25% to 08/16/27 then <br>TSFR3M + 3.29461%, 08/16/77, Series E </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;986,614</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">(2)(3)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>685,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>South Bow Canadian Infrastructure Holdings Ltd., 7.50% to 03/01/35 then <br>T5Y + 3.667%, 03/01/55, 144A**** </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;706,288</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">(5)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Transcanada Pipelines, Ltd.:</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>2,250,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>5.50% to 09/15/29 then TSFR3M + 4.41561%, 09/15/79 </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;2,179,091</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">(2)(5)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>300,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>5.875% to 08/15/26 then 3ML + 4.64%, 08/15/76, Series 2016-A </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;298,685</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">(2)(3)(5)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;</FONT></P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;12,587,585</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT style="font-weight: bold; "><B>Communication &#8212; 1.1%</B></FONT></P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 0pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>940,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Bell Canada, 7.00% to 09/15/35 then T5Y + 2.363%, 09/15/55 </FONT></P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;945,979</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">(5)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>1,860,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Paramount Global, 6.375% to 03/30/27 then T5Y + 3.999%, 03/30/62 </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;1,808,451</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">(2)(3)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>710,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Rogers Communications, Inc., 7.125% to 04/15/35 then T5Y + 2.62%, 04/15/55 </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;714,545</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">(5)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;</FONT></P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;3,468,975</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                    </TABLE>
                </DIV>
            </DIV>
        </DIV>
        <DIV style="page-break-before: always; ">
            <P style="font-size: 5pt; margin: 0pt; ">&#8203;</P>
        </DIV>
        <DIV style="margin: auto; overflow: hidden; width: 621.0pt; position: relative; border-bottom: 2pt solid black; height: 703.8pt; ">
            <DIV style="border: 0pt; padding-top: 0pt; top: 641.7pt; left: 31.05pt; padding-left: 0pt; width: 558.9pt; padding-bottom: 0pt; position: absolute; padding-right: 0pt; height: 31.05pt; ">
                <DIV style="vertical-align: bottom; width: 558.9pt; display: table-cell; height: 31.05pt; ">
                    <!-- [if IE]><TABLE><TR style=" width: 558.9pt; height: 31.05pt;"><TD vAlign="bottom" style=" width: 558.9pt; height: 31.05pt;"><![endif]-->
                    <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 12pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center; margin-right: 0pt; "><FONT style="font-size: 8pt; font-family: Arial, sans-serif; "> <br></FONT><FONT style="font-size: 10pt; font-family: Arial, sans-serif; ">8</FONT></P>
                    <!-- [if IE]></TD></TR></TABLE><![endif]-->
                </DIV>
            </DIV>
            <DIV style="border: 0pt; padding-top: 0pt; top: 31.05pt; left: 31.05pt; padding-left: 0pt; width: 558.9pt; padding-bottom: 0pt; position: absolute; padding-right: 0pt; height: 79.35pt; ">
                <P style="border-top: 1pt solid ; color: #000000; font-size: 12pt; margin-right: 0pt; margin-left: 0pt; text-indent: 0pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; "><FONT style="font-size: 8pt; font-family: Arial, sans-serif; ">&#160;</FONT></P>
                <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 12pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; margin-right: 0pt; "><FONT style="font-size: 8pt; font-family: Arial, sans-serif; "><B>Flaherty &amp; Crumrine Total Return Fund Incorporated</B></FONT></P>
                <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 12pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; margin-right: 0pt; "><FONT style="font-family: Arial, sans-serif; "><B>PORTFOLIO OF INVESTMENTS (Continued)</B></FONT></P>
                <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 12pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; margin-right: 0pt; "><FONT style="font-size: 10pt; font-family: Arial, sans-serif; "><B>February 28, 2025 (Unaudited)</B></FONT></P>
                <P style="color: #000000; font-size: 12pt; border-bottom: 1pt solid ; margin-right: 0pt; margin-left: 0pt; text-indent: 0pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; "><FONT style="font-size: 8pt; font-family: Arial, sans-serif; ">&#160;</FONT></P>
            </DIV>
            <DIV style="border: 0pt; padding-top: 0pt; top: 110.4pt; left: 31.05pt; padding-left: 0pt; width: 558.9pt; padding-bottom: 0pt; position: absolute; padding-right: 0pt; height: 531.3pt; ">
                <DIV style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: 11pt; margin-top: 0pt; margin-bottom: 6pt; text-align: justify; margin-right: 0pt; ">
                    <TABLE style="width: 573.85pt; margin-top: 4pt; margin-bottom: 2pt; table-layout: fixed; border-collapse: collapse; ">
                        <TR style="margin: 0; height: 0; ">
                            <TD style="border: 0; width: 63.24999999999999pt; padding: 0; margin: 0; ">
                            </TD>
                            <TD style="border: 0; width: 13.799999999999999pt; padding: 0; margin: 0; ">
                            </TD>
                            <TD style="border: 0; width: 382.95pt; padding: 0; margin: 0; ">
                            </TD>
                            <TD style="border: 0; width: 72.44999999999999pt; padding: 0; margin: 0; ">
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0; margin: 0; padding: 0; width: 41.4pt">
                            </TD>
                        </TR>
                        <TR style="min-height: 3pt; ">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 8pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: center; margin-right: 0pt; "><FONT style="font-weight: bold; "><B>Shares/$ Par</B></FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 8pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: center; margin-right: 0pt; "><FONT style="font-weight: bold; "><B>Value</B></FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR style="min-height: 3pt; ">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT style="font-weight: bold; "><B>Real Estate Investment Trust (REIT) &#8212; 1.6%</B></FONT></P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 0pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>4,540</FONT></P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Annaly Capital Management, Inc., TSFR3M + 5.25461%, 9.56505%</FONT><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">(4)</SUP><FONT>, Series F </FONT></P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>117,949</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">(1)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Arbor Realty Trust, Inc.:</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>9,792</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>6.375%, Series D </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;174,689</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">(1)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>67,100</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>6.25% to 10/30/26 then TSFR3M + 5.44%, Series F </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;1,507,737</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">(1)(2)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>95,536</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>KKR Real Estate Finance Trust, Inc., 6.50%, Series A </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;1,891,613</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">(1)(2)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>30,000</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>New York Mortgage Trust, Inc., 6.875% to 10/15/26 then TSFR3M + 6.13%, Series F </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;669,000</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">(1)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>28,200</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>TPG RE Finance Trust, Inc., 6.25%, Series C </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;504,498</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">(1)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;</FONT></P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;4,865,486</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT style="font-weight: bold; "><B>Miscellaneous Industries &#8212; 2.0%</B></FONT></P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 0pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>46,420</FONT></P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Apollo Global Management, Inc., 7.625% to 12/15/28 then T5Y + 3.226%, 09/15/53 </FONT></P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;1,233,379</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">(2)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Land O&#8217; Lakes, Inc.: </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>1,500,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>7.00%, Series C, 144A**** </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;1,238,025</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)(2)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>4,350,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>7.25%, Series B, 144A**** </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;3,699,113</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">*(1)(2)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;</FONT></P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;6,170,517</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT style="font-weight: bold; "><B>Total Preferred Stock &amp; Hybrid Preferred Securities<br></B></FONT><FONT>(Cost $232,124,141) </FONT></P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;230,039,455</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD colspan="4" style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT style="font-weight: bold; "><B>Contingent Capital Securities</B></FONT><SUP style="font-size: 7.0pt; line-height: 7.0pt; font-weight: bold; "><B>&#8224;</B></SUP><FONT style="font-weight: bold; "><B> &#8212; 22.8%</B></FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT style="font-weight: bold; "><B>Banking &#8212; 22.8%</B></FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 0pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>1,500,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Australia &amp; New Zealand Banking Group Ltd., 6.75% to 06/15/26 then <br>SW5 + 5.168%, 144A**** </FONT></P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;1,526,605</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">**(1)(2)(5)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Banco Bilbao Vizcaya Argentaria SA:</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>3,000,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>6.125% to 11/16/27 then SW5 + 3.87% </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;2,890,923</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">**(1)(2)(5)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>1,000,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>6.50% to 03/05/25 then T5Y + 5.192%, Series 9 </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;1,001,891</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">**(1)(5)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>1,800,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>9.375% to 09/19/29 then T5Y + 5.099%, Series 12 </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;1,987,249</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">**(1)(5)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Banco Mercantil del Norte SA:</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>800,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>6.625% to 01/24/32 then T10Y + 5.034%, 144A**** </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;728,016</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">**(1)(2)(3)(5)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>1,077,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>7.50% to 06/27/29 then T10Y + 5.47%, 144A**** </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;1,068,702</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">**(1)(2)(5)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>710,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>7.625% to 01/10/28 then T10Y + 5.353%, 144A**** </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;713,678</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">**(1)(2)(5)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>775,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>8.75% to 05/20/35 then T10Y + 4.299%, 144A**** </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;776,490</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">**(1)(5)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Banco Santander SA:</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>6,200,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>4.75% to 05/12/27 then T5Y + 3.753%, 144A**** </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>5,986,561</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">**(1)(2)(3)(5)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>1,400,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>8.00% to 08/01/34 then T5Y + 3.911% </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;1,484,085</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">**(1)(5)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>1,400,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>9.625% to 11/21/33 then T5Y + 5.298%, 144A**** </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;1,624,342</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">**(1)(5)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Bank of Montreal:</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>490,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>7.30% to 11/26/34 then T5Y + 3.01%, 11/26/84, Series 5 </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;495,830</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">**(5)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>940,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>7.70% to 05/26/29 then T5Y + 3.452%, 05/26/84, Series 4 </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;968,990</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">**(2)(5)&#160;</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                    </TABLE>
                </DIV>
            </DIV>
        </DIV>
        <DIV style="page-break-before: always; ">
            <P style="font-size: 5pt; margin: 0pt; ">&#8203;</P>
        </DIV>
        <DIV style="margin: auto; overflow: hidden; width: 621.0pt; position: relative; border-bottom: 2pt solid black; height: 703.8pt; ">
            <DIV style="border: 0pt; padding-top: 0pt; top: 641.7pt; left: 31.05pt; padding-left: 0pt; width: 558.9pt; padding-bottom: 0pt; position: absolute; padding-right: 0pt; height: 31.05pt; ">
                <DIV style="vertical-align: bottom; width: 558.9pt; display: table-cell; height: 31.05pt; ">
                    <!-- [if IE]><TABLE><TR style=" width: 558.9pt; height: 31.05pt;"><TD vAlign="bottom" style=" width: 558.9pt; height: 31.05pt;"><![endif]-->
                    <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 12pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center; margin-right: 0pt; "><FONT style="font-size: 8pt; font-family: Arial, sans-serif; "> <br></FONT><FONT style="font-size: 10pt; font-family: Arial, sans-serif; ">9</FONT></P>
                    <!-- [if IE]></TD></TR></TABLE><![endif]-->
                </DIV>
            </DIV>
            <DIV style="border: 0pt; padding-top: 0pt; top: 31.05pt; left: 31.05pt; padding-left: 0pt; width: 558.9pt; padding-bottom: 0pt; position: absolute; padding-right: 0pt; height: 79.35pt; ">
                <P style="border-top: 1pt solid ; margin-left: 0pt; color: #000000; font-size: 12pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; text-align: right; margin-right: 0pt; "><FONT style="font-size: 8pt; font-family: Arial, sans-serif; ">&#160;</FONT></P>
                <P style="margin-left: 0pt; color: #000000; font-size: 12pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; text-align: right; margin-right: 0pt; "><FONT style="font-size: 8pt; font-family: Arial, sans-serif; "><B>Flaherty &amp; Crumrine Total Return Fund Incorporated</B></FONT></P>
                <P style="margin-left: 0pt; color: #000000; font-size: 12pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; text-align: right; margin-right: 0pt; "><FONT style="font-family: Arial, sans-serif; "><B>PORTFOLIO OF INVESTMENTS</B> (Continued)</FONT></P>
                <P style="margin-left: 0pt; color: #000000; font-size: 12pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; text-align: right; margin-right: 0pt; "><FONT style="font-size: 10pt; font-family: Arial, sans-serif; "><B>February 28, 2025 (Unaudited)</B></FONT></P>
                <P style="margin-left: 0pt; color: #000000; font-size: 12pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; border-bottom: 1pt solid ; text-align: right; margin-right: 0pt; "><FONT style="font-size: 8pt; font-family: Arial, sans-serif; ">&#160;</FONT></P>
            </DIV>
            <DIV style="border: 0pt; padding-top: 0pt; top: 110.4pt; left: 31.05pt; padding-left: 0pt; width: 558.9pt; padding-bottom: 0pt; position: absolute; padding-right: 0pt; height: 531.3pt; ">
                <DIV style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: 11pt; margin-top: 0pt; margin-bottom: 6pt; text-align: justify; margin-right: 0pt; ">
                    <TABLE style="width: 573.85pt; margin-top: 4pt; margin-bottom: 2pt; table-layout: fixed; border-collapse: collapse; ">
                        <TR style="margin: 0; height: 0; ">
                            <TD style="border: 0; width: 63.24999999999999pt; padding: 0; margin: 0; ">
                            </TD>
                            <TD style="border: 0; width: 13.799999999999999pt; padding: 0; margin: 0; ">
                            </TD>
                            <TD style="border: 0; width: 382.95pt; padding: 0; margin: 0; ">
                            </TD>
                            <TD style="border: 0; width: 72.44999999999999pt; padding: 0; margin: 0; ">
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0; margin: 0; padding: 0; width: 41.4pt">
                            </TD>
                        </TR>
                        <TR style="min-height: 3pt; ">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 8pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: center; margin-right: 0pt; "><FONT style="font-weight: bold; "><B>Shares/$ Par</B></FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 8pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: center; margin-right: 0pt; "><FONT style="font-weight: bold; "><B>Value</B></FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR style="min-height: 3pt; ">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Bank of Nova Scotia:</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>750,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>7.35% to 04/27/30 then T5Y + 2.903%, 04/27/85, Series 6 </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>751,523</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">**(5)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>1,050,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>8.00% to 01/27/29 then T5Y + 4.017%, 01/27/84, Series 5 </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;1,096,417</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">**(2)(5)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Barclays Bank PLC:</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>475,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>4.375% to 09/15/28 then T5Y + 3.41% </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;439,681</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">**(1)(5)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>1,170,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>6.125% to 06/15/26 then T5Y + 5.867% </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;1,172,852</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">**(1)(2)(3)(5)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>775,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>7.625% to 09/15/35 then SOFR5Y + 3.686% </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;778,457</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">**(1)(5)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>485,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>8.00% to 09/15/29 then T5Y + 5.431% </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;506,244</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">**(1)(5)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>785,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>9.625% to 06/15/30 then SOFR5Y + 5.775% </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;874,006</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">**(1)(5)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>670,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>BBVA Bancomer SA, 5.875% to 09/13/29 then T5Y + 4.308%, 09/13/34, 144A**** </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;644,630</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">(2)(3)(5)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>BNP Paribas:</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>475,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>4.625% to 02/25/31 then T5Y + 3.34%, 144A**** </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;415,350</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">**(1)(5)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>7,330,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>7.375% to 08/19/25 then SW5 + 5.15%, 144A**** </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;7,379,368</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">**(1)(2)(5)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>975,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>7.375% to 09/10/34 then T5Y + 3.535%, 144A**** </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;987,559</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">**(1)(5)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>970,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>7.75% to 08/16/29 then T5Y + 4.899%, 144A**** </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;1,009,147</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">**(1)(2)(3)(5)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>511,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>8.50% to 08/14/28 then T5Y + 4.354%, 144A**** </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;541,703</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">**(1)(5)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>560,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>9.25% to 11/17/27 then T5Y + 4.969%, 144A**** </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;602,266</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">**(1)(2)(5)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>685,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Canadian Imperial Bank of Commerce, 6.95% to 01/28/30 then <br>T5Y + 2.833%, 01/28/85, Series 5 </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;688,176</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">**(2)(5)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>480,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Credit Agricole SA, 4.75% to 09/23/29 then T5Y + 3.237%, 144A**** </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;441,824</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">**(1)(5)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>400,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Deutsche Bank AG, 6.00% to 04/30/26 then T5Y + 4.524% </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;399,772</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">**(1)(5)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>HSBC Holdings PLC:</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>500,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>6.00% to 05/22/27 then SW5 + 3.746% </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;498,677</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">**(1)(2)(5)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>4,265,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>6.50% to 03/23/28 then SW5 + 3.606% </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;4,305,065</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">**(1)(2)(3)(5)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>680,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>6.95% to 09/11/34 then T5Y + 3.191% </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;687,905</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">**(1)(5)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>775,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>ING Groep NV, 3.875% to 11/16/27 then T5Y + 2.862% </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;722,684</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">**(1)(2)(5)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Lloyds Banking Group PLC:</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>2,750,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>7.50% to 09/27/25 then SW5 + 4.496% </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;2,782,538</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">**(1)(2)(5)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>1,800,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>8.00% to 03/27/30 then T5Y + 3.913% </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;1,890,697</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">**(1)(2)(3)(5)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>NatWest Group PLC:</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>425,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>4.60% to 12/28/31 then T5Y + 3.10% </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;368,207</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">**(1)(5)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>285,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>8.125% to 05/10/34 then T5Y + 3.752% </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;304,168</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">**(1)(5)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Royal Bank of Canada:</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>1,370,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>6.35% to 11/24/34 then T5Y + 2.257%, 11/24/84, Series 5 </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;1,322,495</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">**(2)(5)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>940,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>7.50% to 05/02/29 then T5Y + 2.887%, 05/02/84, Series 4 </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;975,577</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.25pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">**(2)(5)&#160;</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                    </TABLE>
                </DIV>
            </DIV>
        </DIV>
        <DIV style="page-break-before: always; ">
            <P style="font-size: 5pt; margin: 0pt; ">&#8203;</P>
        </DIV>
        <DIV style="margin: auto; overflow: hidden; width: 621.0pt; position: relative; border-bottom: 2pt solid black; height: 703.8pt; ">
            <DIV style="border: 0pt; padding-top: 0pt; top: 641.7pt; left: 31.05pt; padding-left: 0pt; width: 558.9pt; padding-bottom: 0pt; position: absolute; padding-right: 0pt; height: 31.05pt; ">
                <DIV style="vertical-align: bottom; width: 558.9pt; display: table-cell; height: 31.05pt; ">
                    <!-- [if IE]><TABLE><TR style=" width: 558.9pt; height: 31.05pt;"><TD vAlign="bottom" style=" width: 558.9pt; height: 31.05pt;"><![endif]-->
                    <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 12pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center; margin-right: 0pt; "><FONT style="font-size: 8pt; font-family: Arial, sans-serif; "> <br></FONT><FONT style="font-size: 10pt; font-family: Arial, sans-serif; ">10</FONT></P>
                    <!-- [if IE]></TD></TR></TABLE><![endif]-->
                </DIV>
            </DIV>
            <DIV style="border: 0pt; padding-top: 0pt; top: 31.05pt; left: 31.05pt; padding-left: 0pt; width: 558.9pt; padding-bottom: 0pt; position: absolute; padding-right: 0pt; height: 79.35pt; ">
                <P style="border-top: 1pt solid ; color: #000000; font-size: 12pt; margin-right: 0pt; margin-left: 0pt; text-indent: 0pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; "><FONT style="font-size: 8pt; font-family: Arial, sans-serif; ">&#160;</FONT></P>
                <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 12pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; margin-right: 0pt; "><FONT style="font-size: 8pt; font-family: Arial, sans-serif; "><B>Flaherty &amp; Crumrine Total Return Fund Incorporated</B></FONT></P>
                <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 12pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; margin-right: 0pt; "><FONT style="font-family: Arial, sans-serif; "><B>PORTFOLIO OF INVESTMENTS (Continued)</B></FONT></P>
                <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 12pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; margin-right: 0pt; "><FONT style="font-size: 10pt; font-family: Arial, sans-serif; "><B>February 28, 2025 (Unaudited)</B></FONT></P>
                <P style="color: #000000; font-size: 12pt; border-bottom: 1pt solid ; margin-right: 0pt; margin-left: 0pt; text-indent: 0pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; "><FONT style="font-size: 8pt; font-family: Arial, sans-serif; ">&#160;</FONT></P>
            </DIV>
            <DIV style="border: 0pt; padding-top: 0pt; top: 110.4pt; left: 31.05pt; padding-left: 0pt; width: 558.9pt; padding-bottom: 0pt; position: absolute; padding-right: 0pt; height: 531.3pt; ">
                <DIV style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: 11pt; margin-top: 0pt; margin-bottom: 6pt; text-align: justify; margin-right: 0pt; ">
                    <TABLE style="width: 573.85pt; margin-top: 4pt; margin-bottom: 2pt; table-layout: fixed; border-collapse: collapse; ">
                        <TR style="margin: 0; height: 0; ">
                            <TD style="border: 0; width: 63.24999999999999pt; padding: 0; margin: 0; ">
                            </TD>
                            <TD style="border: 0; width: 13.799999999999999pt; padding: 0; margin: 0; ">
                            </TD>
                            <TD style="border: 0; width: 382.95pt; padding: 0; margin: 0; ">
                            </TD>
                            <TD style="border: 0; width: 72.44999999999999pt; padding: 0; margin: 0; ">
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0; margin: 0; padding: 0; width: 41.4pt">
                            </TD>
                        </TR>
                        <TR style="min-height: 3pt; ">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 8pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: center; margin-right: 0pt; "><FONT style="font-weight: bold; "><B>Shares/$ Par</B></FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 8pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: center; margin-right: 0pt; "><FONT style="font-weight: bold; "><B>Value</B></FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR style="min-height: 3pt; ">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Societe Generale SA:</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.13pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.13pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>1,000,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.13pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.13pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>4.75% to 05/26/26 then T5Y + 3.931%, 144A**** </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.13pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.13pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>980,836</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.13pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">**(1)(2)(3)(5)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.13pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.13pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>1,000,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.13pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.13pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>5.375% to 11/18/30 then T5Y + 4.514%, 144A**** </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.13pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.13pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;899,323</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.13pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">**(1)(2)(5)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.13pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.13pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>6,000,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.13pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.13pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>6.75% to 04/06/28 then SW5 + 3.929%, 144A**** </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.13pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.13pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;5,898,092</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.13pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">**(1)(2)(3)(5)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.13pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.13pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>4,240,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.13pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.13pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>9.375% to 05/22/28 then T5Y + 5.385%, 144A**** </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.13pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.13pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;4,524,135</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.13pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">**(1)(2)(3)(5)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.13pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.13pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.13pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.13pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Standard Chartered PLC:</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.13pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.13pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>450,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.13pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.13pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>4.75% to 07/14/31 then T5Y + 3.805%, 144A**** </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.13pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.13pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>392,637</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.13pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">**(1)(5)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.13pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.13pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>2,420,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.13pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.13pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>7.75% to 02/15/28 then T5Y + 4.976%, 144A**** </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.13pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.13pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;2,512,541</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.13pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">**(1)(2)(3)(5)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.13pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.13pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>490,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.13pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.13pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Toronto-Dominion Bank, 7.25% to 07/31/29 then  T5Y + 2.977%, 07/31/84, Series 4 </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.13pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.13pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;496,515</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.13pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">**(5)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.13pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.13pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.13pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.13pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>UBS Group AG:</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.13pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.13pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>675,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.13pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.13pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>4.375% to 02/10/31 then T5Y + 3.313%, 144A**** </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.13pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.13pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;591,886</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.13pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">**(1)(2)(3)(5)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.13pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.13pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>850,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.13pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.13pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>4.875% to 02/12/27 then T5Y + 3.404%, 144A**** </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.13pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.13pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;826,871</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.13pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">**(1)(2)(5)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.13pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.13pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>210,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.13pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.13pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>9.25% to 11/13/33 then T5Y + 4.758%, 144A**** </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.13pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.13pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;243,585</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.13pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">**(1)(5)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;</FONT></P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;71,206,771</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT style="font-weight: bold; "><B>Total Contingent Capital Securitie</B></FONT><FONT>s<br>(Cost $70,825,251) </FONT></P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;71,206,771</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD colspan="4" style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT style="font-weight: bold; "><B>Corporate Debt Securities</B></FONT><SUP style="font-size: 7.0pt; line-height: 7.0pt; font-weight: bold; "><B>&#167;</B></SUP><FONT style="font-weight: bold; "><B> &#8212; 1.8%</B></FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT style="font-weight: bold; "><B>Banking &#8212; 0.1%</B></FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 0pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>19,600</FONT></P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Dime Community Bancshares, Inc., 9.00% to 07/15/29 <br>then TSFR3M + 4.951%, 07/15/34 </FONT></P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;511,168</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;</FONT></P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;511,168</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT style="font-weight: bold; "><B>Insurance &#8212; 1.3%</B></FONT></P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 0pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 1.13pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.13pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>3,000,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 1.13pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.13pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Liberty Mutual Insurance, 7.697% 10/15/97, 144A**** </FONT></P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 1.13pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.13pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;3,502,690</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.13pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><SUP style="font-size: 7.0pt; line-height: 7.0pt; ">(2)(3)</SUP><FONT>&#160;</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.13pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.13pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>500,000</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.13pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.13pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Universal Insurance Holdings, Inc., 5.625% 11/30/26 </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.13pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.13pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;490,883</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;</FONT></P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;3,993,573</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT style="font-weight: bold; "><B>Communication &#8212; 0.4%</B></FONT></P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 0pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;</FONT></P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Qwest Corporation:</FONT></P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>29,941</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>6.50% 09/01/56 </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;546,423</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>41,820</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>6.75% 06/15/57 </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;770,325</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;</FONT></P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;1,316,748</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT style="font-weight: bold; "><B>Total Corporate Debt Securities</B></FONT><FONT><br>(Cost $5,436,912) </FONT></P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;5,821,489</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                    </TABLE>
                </DIV>
            </DIV>
        </DIV>
        <DIV style="page-break-before: always; ">
            <P style="font-size: 5pt; margin: 0pt; ">&#8203;</P>
        </DIV>
        <DIV style="margin: auto; overflow: hidden; width: 621.0pt; position: relative; border-bottom: 2pt solid black; height: 703.8pt; ">
            <DIV style="border: 0pt; padding-top: 0pt; top: 641.7pt; left: 31.05pt; padding-left: 0pt; width: 558.9pt; padding-bottom: 0pt; position: absolute; padding-right: 0pt; height: 31.05pt; ">
                <DIV style="vertical-align: bottom; width: 558.9pt; display: table-cell; height: 31.05pt; ">
                    <!-- [if IE]><TABLE><TR style=" width: 558.9pt; height: 31.05pt;"><TD vAlign="bottom" style=" width: 558.9pt; height: 31.05pt;"><![endif]-->
                    <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 12pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center; margin-right: 0pt; "><FONT style="font-size: 8pt; font-family: Arial, sans-serif; "> <br></FONT><FONT style="font-size: 10pt; font-family: Arial, sans-serif; ">11</FONT></P>
                    <!-- [if IE]></TD></TR></TABLE><![endif]-->
                </DIV>
            </DIV>
            <DIV style="border: 0pt; padding-top: 0pt; top: 31.05pt; left: 31.05pt; padding-left: 0pt; width: 558.9pt; padding-bottom: 0pt; position: absolute; padding-right: 0pt; height: 79.35pt; ">
                <P style="border-top: 1pt solid ; margin-left: 0pt; color: #000000; font-size: 12pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; text-align: right; margin-right: 0pt; "><FONT style="font-size: 8pt; font-family: Arial, sans-serif; ">&#160;</FONT></P>
                <P style="margin-left: 0pt; color: #000000; font-size: 12pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; text-align: right; margin-right: 0pt; "><FONT style="font-size: 8pt; font-family: Arial, sans-serif; "><B>Flaherty &amp; Crumrine Total Return Fund Incorporated</B></FONT></P>
                <P style="margin-left: 0pt; color: #000000; font-size: 12pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; text-align: right; margin-right: 0pt; "><FONT style="font-family: Arial, sans-serif; "><B>PORTFOLIO OF INVESTMENTS (Continued)</B></FONT></P>
                <P style="margin-left: 0pt; color: #000000; font-size: 12pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; text-align: right; margin-right: 0pt; "><FONT style="font-size: 10pt; font-family: Arial, sans-serif; "><B>February 28, 2025 (Unaudited)</B></FONT></P>
                <P style="margin-left: 0pt; color: #000000; font-size: 12pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; border-bottom: 1pt solid ; text-align: right; margin-right: 0pt; "><FONT style="font-size: 8pt; font-family: Arial, sans-serif; ">&#160;</FONT></P>
            </DIV>
            <DIV style="border: 0pt; padding-top: 0pt; top: 110.4pt; left: 31.05pt; padding-left: 0pt; width: 558.9pt; padding-bottom: 0pt; position: absolute; padding-right: 0pt; height: 531.3pt; ">
                <DIV style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: 11pt; margin-top: 0pt; margin-bottom: 6pt; text-align: justify; margin-right: 0pt; ">
                    <TABLE style="width: 573.85pt; margin-top: 4pt; margin-bottom: 2pt; table-layout: fixed; border-collapse: collapse; ">
                        <TR style="margin: 0; height: 0; ">
                            <TD style="border: 0; width: 63.24999999999999pt; padding: 0; margin: 0; ">
                            </TD>
                            <TD style="border: 0; width: 13.799999999999999pt; padding: 0; margin: 0; ">
                            </TD>
                            <TD style="border: 0; width: 382.95pt; padding: 0; margin: 0; ">
                            </TD>
                            <TD style="border: 0; width: 72.44999999999999pt; padding: 0; margin: 0; ">
                            </TD>
                            <TD style="border: 0; width: 41.4pt; padding: 0; margin: 0; ">
                            </TD>
                        </TR>
                        <TR style="min-height: 3pt; ">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 8pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: center; margin-right: 0pt; "><FONT style="font-weight: bold; "><B>Shares/$ Par</B></FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 8pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: center; margin-right: 0pt; "><FONT style="font-weight: bold; "><B>Value</B></FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR style="min-height: 3pt; ">
                            <TD colspan="4" style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT style="font-weight: bold; "><B>Money Market Fund &#8212; 0.9%</B></FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR style="min-height: 3pt; ">
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;</FONT></P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>BlackRock Liquidity Funds:</FONT></P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>2,754,071</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>T-Fund, Institutional Class </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>2,754,071</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;</FONT></P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.25pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT style="font-weight: bold; "><B>Total Money Market Fund</B></FONT><FONT> <br>(Cost $2,754,071) </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.25pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.25pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>2,754,071</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                    </TABLE>
                </DIV>
                <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: 11pt; margin-top: 0pt; margin-bottom: 6pt; text-align: justify; margin-right: 0pt; "><FONT></FONT></P>
                <DIV style="margin-left: 0pt; color: #000000; font-size: 11pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 6pt; margin-right: 0pt; ">
                    <TABLE style="width: 567.01325pt; margin-top: 4pt; margin-bottom: 2pt; table-layout: fixed; border-collapse: collapse; ">
                        <TR style="margin: 0; height: 0; ">
                            <TD style="border: 0; width: 392.21324999999996pt; padding: 0; margin: 0; ">
                            </TD>
                            <TD style="border: 0; width: 36.8pt; padding: 0; margin: 0; ">
                            </TD>
                            <TD style="border: 0; width: 27.599999999999998pt; padding: 0; margin: 0; ">
                            </TD>
                            <TD style="border: 0; width: 75.89999999999999pt; padding: 0; margin: 0; ">
                            </TD>
                            <TD style="border: 0; width: 34.5pt; padding: 0; margin: 0; ">
                            </TD>
                        </TR>
                        <TR style="min-height: 3pt; ">
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; margin-right: 0pt; "><FONT style="font-weight: bold; "><B>Total Investments</B></FONT><FONT> (Cost $311,140,375***) </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>99.1</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; margin-right: 0pt; "><FONT>%</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>309,821,786</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 3pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; margin-right: 0pt; "><FONT style="font-weight: bold; "><B>Other Assets and Liabilities, excluding Loan Payable</B></FONT><FONT> (net) </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 3pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>0.9</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 3pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; margin-right: 0pt; "><FONT>%</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 3pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>2,734,532</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 3pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; margin-right: 0pt; "><FONT style="font-weight: bold; "><B>Total Managed Assets</B></FONT><FONT> </FONT></P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 3pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>100.0</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 3pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; margin-right: 0pt; "><FONT>%&#8225;</FONT></P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 3pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>312,556,318</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD colspan="3" style="border-top: 0pt; padding-top: 3pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; margin-right: 0pt; "><FONT style="font-weight: bold; "><B>Loan Principal Balance</B></FONT><FONT> </FONT></P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 3pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>(118,500,000</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 3pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; margin-right: 0pt; "><FONT>)</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD colspan="3" style="border-top: 0pt; padding-top: 3pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 10.35pt; color: #000000; text-indent: -10.35pt; font-size: 9pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; margin-right: 0pt; "><FONT style="font-weight: bold; "><B>Net Assets Available To Common Stock</B></FONT><FONT> </FONT></P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 3pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 2.5pt double #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>194,056,318</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                    </TABLE>
                </DIV>
                <P style="color: #000000; font-size: 9pt; border-bottom: 1pt solid ; margin-right: 496.8pt; margin-left: 0pt; text-indent: 0pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 4pt; "><FONT>&#160;&#160;</FONT></P>
                <P style="margin-left: 24.15pt; color: #000000; text-indent: -24.15pt; font-size: 7pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; margin-right: 0pt; "><!-- [if IE]><FONT style=" width: 24.15pt; text-indent: -21.0pt; display: inline-block;"><![endif]--><FONT style="width: 24.15pt; text-indent: 0; display: inline-block; "><FONT>&#167;</FONT></FONT><!-- [if IE]></FONT><![endif]--><FONT>Date shown is maturity date unless referencing the end of the fixed-rate period of a fixed-to-floating rate security.</FONT></P>
                <P style="margin-left: 24.15pt; color: #000000; text-indent: -24.15pt; font-size: 7pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; margin-right: 0pt; "><!-- [if IE]><FONT style=" width: 24.15pt; text-indent: -21.0pt; display: inline-block;"><![endif]--><FONT style="width: 24.15pt; text-indent: 0; display: inline-block; "><FONT> *</FONT></FONT><!-- [if IE]></FONT><![endif]--><FONT>Securities eligible for the Dividends Received Deduction and distributing Qualified Dividend Income.</FONT></P>
                <P style="margin-left: 24.15pt; color: #000000; text-indent: -24.15pt; font-size: 7pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; margin-right: 0pt; "><!-- [if IE]><FONT style=" width: 24.15pt; text-indent: -21.0pt; display: inline-block;"><![endif]--><FONT style="width: 24.15pt; text-indent: 0; display: inline-block; "><FONT> **</FONT></FONT><!-- [if IE]></FONT><![endif]--><FONT>Securities distributing Qualified Dividend Income only.</FONT></P>
                <P style="margin-left: 24.15pt; color: #000000; text-indent: -24.15pt; font-size: 7pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; margin-right: 0pt; "><!-- [if IE]><FONT style=" width: 24.15pt; text-indent: -21.0pt; display: inline-block;"><![endif]--><FONT style="width: 24.15pt; text-indent: 0; display: inline-block; "><FONT>***</FONT></FONT><!-- [if IE]></FONT><![endif]--><FONT>Aggregate cost of securities held.</FONT></P>
                <P style="margin-left: 24.15pt; color: #000000; text-indent: -24.15pt; font-size: 7pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; margin-right: 0pt; "><!-- [if IE]><FONT style=" width: 24.15pt; text-indent: -21.0pt; display: inline-block;"><![endif]--><FONT style="width: 24.15pt; text-indent: 0; display: inline-block; "><FONT>****</FONT></FONT><!-- [if IE]></FONT><![endif]--><FONT>Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration to qualified institutional buyers. At February 28, 2025, these securities amounted to $79,946,357 or 25.6% of total managed assets.</FONT></P>
                <P style="margin-left: 24.15pt; color: #000000; text-indent: -24.15pt; font-size: 7pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; margin-right: 0pt; "><!-- [if IE]><FONT style=" width: 24.15pt; text-indent: -21.0pt; display: inline-block;"><![endif]--><FONT style="width: 24.15pt; text-indent: 0; display: inline-block; "><SUP style="font-size: 5.0pt; line-height: 5.0pt; ">(1)</SUP></FONT><!-- [if IE]></FONT><![endif]--><FONT>Perpetual security with no stated maturity date.</FONT></P>
                <P style="margin-left: 24.15pt; color: #000000; text-indent: -24.15pt; font-size: 7pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; margin-right: 0pt; "><!-- [if IE]><FONT style=" width: 24.15pt; text-indent: -21.0pt; display: inline-block;"><![endif]--><FONT style="width: 24.15pt; text-indent: 0; display: inline-block; "><SUP style="font-size: 5.0pt; line-height: 5.0pt; ">(2)</SUP></FONT><!-- [if IE]></FONT><![endif]--><FONT>All or a portion of this security is pledged as collateral for the Fund&#8217;s loan. The total value of such securities was $223,775,896 at February 28, 2025.</FONT></P>
                <P style="margin-left: 24.15pt; color: #000000; text-indent: -24.15pt; font-size: 7pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; margin-right: 0pt; "><!-- [if IE]><FONT style=" width: 24.15pt; text-indent: -21.0pt; display: inline-block;"><![endif]--><FONT style="width: 24.15pt; text-indent: 0; display: inline-block; "><SUP style="font-size: 5.0pt; line-height: 5.0pt; ">(3)</SUP></FONT><!-- [if IE]></FONT><![endif]--><FONT>All or a portion of this security has been rehypothecated. The total value of such securities was $97,579,618 at February 28, 2025.</FONT></P>
                <P style="margin-left: 24.15pt; color: #000000; text-indent: -24.15pt; font-size: 7pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; margin-right: 0pt; "><!-- [if IE]><FONT style=" width: 24.15pt; text-indent: -21.0pt; display: inline-block;"><![endif]--><FONT style="width: 24.15pt; text-indent: 0; display: inline-block; "><SUP style="font-size: 5.0pt; line-height: 5.0pt; ">(4)</SUP></FONT><!-- [if IE]></FONT><![endif]--><FONT>Represents the rate in effect as of the reporting date.</FONT></P>
                <P style="margin-left: 24.15pt; color: #000000; text-indent: -24.15pt; font-size: 7pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; margin-right: 0pt; "><!-- [if IE]><FONT style=" width: 24.15pt; text-indent: -21.0pt; display: inline-block;"><![endif]--><FONT style="width: 24.15pt; text-indent: 0; display: inline-block; "><SUP style="font-size: 5.0pt; line-height: 5.0pt; ">(5)</SUP></FONT><!-- [if IE]></FONT><![endif]--><FONT>Foreign Issuer.</FONT></P>
                <P style="margin-left: 24.15pt; color: #000000; text-indent: -24.15pt; font-size: 7pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; margin-right: 0pt; "><!-- [if IE]><FONT style=" width: 24.15pt; text-indent: -21.0pt; display: inline-block;"><![endif]--><FONT style="width: 24.15pt; text-indent: 0; display: inline-block; "><FONT>&#8224;</FONT></FONT><!-- [if IE]></FONT><![endif]--><FONT>A Contingent Capital Security is a hybrid security with contractual loss-absorption characteristics.</FONT></P>
                <P style="margin-left: 24.15pt; color: #000000; text-indent: -24.15pt; font-size: 7pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 6pt; text-align: justify; margin-right: 0pt; "><!-- [if IE]><FONT style=" width: 24.15pt; text-indent: -21.0pt; display: inline-block;"><![endif]--><FONT style="width: 24.15pt; text-indent: 0; display: inline-block; "><FONT>&#8225;</FONT></FONT><!-- [if IE]></FONT><![endif]--><FONT>The percentage shown for each investment category is the total value of that category as a percentage of total managed assets.</FONT></P>
                <DIV style="margin-left: 0pt; color: #000000; font-size: 12pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 6pt; margin-right: 0pt; ">
                    <TABLE style="width: 558.9pt; margin-top: 4pt; margin-bottom: 2pt; table-layout: fixed; border-collapse: collapse; ">
                        <TR style="margin: 0; height: 0; ">
                            <TD style="border: 0; width: 37.949999999999996pt; padding: 0; margin: 0; ">
                            </TD>
                            <TD style="border: 0; width: 20.7pt; padding: 0; margin: 0; ">
                            </TD>
                            <TD style="border: 0; width: 500.24999999999994pt; padding: 0; margin: 0; ">
                            </TD>
                        </TR>
                        <TR style="min-height: 3pt; ">
                            <TD colspan="3" style="border-top: 0pt; padding-top: 1pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 24.15pt; color: #000000; text-indent: -24.15pt; font-size: 7pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; text-align: justify; margin-right: 0pt; "><FONT style="font-weight: bold; "><B>ABBREVIATIONS:</B></FONT></P>
                            </TD>
                        </TR>
                        <TR style="min-height: 3pt; ">
                            <TD style="border-top: 0pt; padding-top: 1pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 24.15pt; color: #000000; text-indent: -24.15pt; font-size: 7pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; text-align: justify; margin-right: 0pt; "><FONT>3ML</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 24.15pt; color: #000000; text-indent: -24.15pt; font-size: 7pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; text-align: justify; margin-right: 0pt; "><FONT>&#8212;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 24.15pt; color: #000000; text-indent: -24.15pt; font-size: 7pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; text-align: justify; margin-right: 0pt; "><FONT>3-Month Intercontinental Exchange (ICE) London Interbank Offered Rate (LIBOR) USD A/360</FONT></P>
                            </TD>
                        </TR>
                        <TR style="min-height: 3pt; ">
                            <TD style="border-top: 0pt; padding-top: 1pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 24.15pt; color: #000000; text-indent: -24.15pt; font-size: 7pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; text-align: justify; margin-right: 0pt; "><FONT>SOFR5Y</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 24.15pt; color: #000000; text-indent: -24.15pt; font-size: 7pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; text-align: justify; margin-right: 0pt; "><FONT>&#8212;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 24.15pt; color: #000000; text-indent: -24.15pt; font-size: 7pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; text-align: justify; margin-right: 0pt; "><FONT>5-year USD ICE Secured Overnight Financing Rate (SOFR) Swap</FONT></P>
                            </TD>
                        </TR>
                        <TR style="min-height: 3pt; ">
                            <TD style="border-top: 0pt; padding-top: 1pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 24.15pt; color: #000000; text-indent: -24.15pt; font-size: 7pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; text-align: justify; margin-right: 0pt; "><FONT>SW5</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 24.15pt; color: #000000; text-indent: -24.15pt; font-size: 7pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; text-align: justify; margin-right: 0pt; "><FONT>&#8212;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 24.15pt; color: #000000; text-indent: -24.15pt; font-size: 7pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; text-align: justify; margin-right: 0pt; "><FONT>5-year USD Swap Semiannual 30/360</FONT></P>
                            </TD>
                        </TR>
                        <TR style="min-height: 3pt; ">
                            <TD style="border-top: 0pt; padding-top: 1pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 24.15pt; color: #000000; text-indent: -24.15pt; font-size: 7pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; text-align: justify; margin-right: 0pt; "><FONT>T5Y</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 24.15pt; color: #000000; text-indent: -24.15pt; font-size: 7pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; text-align: justify; margin-right: 0pt; "><FONT>&#8212;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 24.15pt; color: #000000; text-indent: -24.15pt; font-size: 7pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; text-align: justify; margin-right: 0pt; "><FONT>Federal Reserve H.15 5-Yr Constant Maturity Treasury Semiannual yield</FONT></P>
                            </TD>
                        </TR>
                        <TR style="min-height: 3pt; ">
                            <TD style="border-top: 0pt; padding-top: 1pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 24.15pt; color: #000000; text-indent: -24.15pt; font-size: 7pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; text-align: justify; margin-right: 0pt; "><FONT>T7Y</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 24.15pt; color: #000000; text-indent: -24.15pt; font-size: 7pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; text-align: justify; margin-right: 0pt; "><FONT>&#8212;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 24.15pt; color: #000000; text-indent: -24.15pt; font-size: 7pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; text-align: justify; margin-right: 0pt; "><FONT>Federal Reserve H.15 7-Yr Constant Maturity Treasury Semiannual yield</FONT></P>
                            </TD>
                        </TR>
                        <TR style="min-height: 3pt; ">
                            <TD style="border-top: 0pt; padding-top: 1pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 24.15pt; color: #000000; text-indent: -24.15pt; font-size: 7pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; text-align: justify; margin-right: 0pt; "><FONT>T10Y</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 24.15pt; color: #000000; text-indent: -24.15pt; font-size: 7pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; text-align: justify; margin-right: 0pt; "><FONT>&#8212;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 24.15pt; color: #000000; text-indent: -24.15pt; font-size: 7pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; text-align: justify; margin-right: 0pt; "><FONT>Federal Reserve H.15 10-Yr Constant Maturity Treasury Semiannual yield</FONT></P>
                            </TD>
                        </TR>
                        <TR style="min-height: 3pt; ">
                            <TD style="border-top: 0pt; padding-top: 1pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 24.15pt; color: #000000; text-indent: -24.15pt; font-size: 7pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; text-align: justify; margin-right: 0pt; "><FONT>TSFR3M</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 24.15pt; color: #000000; text-indent: -24.15pt; font-size: 7pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; text-align: justify; margin-right: 0pt; "><FONT>&#8212;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 24.15pt; color: #000000; text-indent: -24.15pt; font-size: 7pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; text-align: justify; margin-right: 0pt; "><FONT>Chicago Mercantile Exchange Inc. (CME) Term SOFR 3-Month</FONT></P>
                            </TD>
                        </TR>
                    </TABLE>
                </DIV>
                <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 7pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; margin-right: 0pt; "><FONT>The administrator of U.S. dollar LIBOR, ICE, ceased publication of daily U.S. dollar LIBOR panels after June 30, 2023. For securities where (i) issuers have announced replacement reference rates or (ii) the Adjustable Interest Rate (LIBOR) Act of 2022 was determined by the Adviser to apply, the new reference rate (usually Term SOFR) has been listed as the benchmark. The spread over that benchmark includes any tenor spread adjustment applicable upon benchmark transition. For all other securities, the original reference rate and spread continue to be listed.</FONT></P>
            </DIV>
        </DIV>
        <DIV style="page-break-before: always; ">
            <P style="font-size: 5pt; margin: 0pt; ">&#8203;</P>
        </DIV>
        <DIV style="margin: auto; overflow: hidden; width: 621.0pt; position: relative; border-bottom: 2pt solid black; height: 703.8pt; ">
            <DIV style="border: 0pt; padding-top: 0pt; top: 31.05pt; left: 31.05pt; padding-left: 0pt; width: 558.9pt; padding-bottom: 0pt; position: absolute; padding-right: 0pt; height: 79.35pt; ">
                <P style="border-top: 1pt solid ; color: #000000; font-size: 12pt; margin-right: 0pt; margin-left: 0pt; text-indent: 0pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; "><FONT style="font-size: 8pt; font-family: Arial, sans-serif; ">&#160;</FONT></P>
                <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 12pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; margin-right: 0pt; "><FONT style="font-size: 8pt; font-family: Arial, sans-serif; "><B>Flaherty &amp; Crumrine Total Return Fund Incorporated</B></FONT></P>
                <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 12pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; margin-right: 0pt; "><B><FONT style="text-transform: uppercase; font-family: Arial, sans-serif; ">Financial Highlights</FONT><SUP style="font-size: 10.0pt; text-transform: uppercase; font-family: Arial, sans-serif; line-height: 10.0pt; ">(1)</SUP></B></P>
                <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 12pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; margin-right: 0pt; "><FONT style="font-size: 10pt; font-family: Arial, sans-serif; "><B>For the period December 1, 2024 through February 28, 2025 (Unaudited)</B></FONT></P>
                <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 12pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; margin-right: 0pt; "><FONT style="font-size: 10pt; font-family: Arial, sans-serif; "><B>For a Common Stock share outstanding throughout the period</B></FONT></P>
                <P style="color: #000000; font-size: 12pt; border-bottom: 1pt solid ; margin-right: 0pt; margin-left: 0pt; text-indent: 0pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; "><FONT style="font-size: 8pt; font-family: Arial, sans-serif; ">&#160;</FONT></P>
            </DIV>
            <DIV style="border: 0pt; padding-top: 0pt; top: 641.7pt; left: 31.05pt; padding-left: 0pt; width: 558.9pt; padding-bottom: 0pt; position: absolute; padding-right: 0pt; height: 31.05pt; ">
                <DIV style="vertical-align: bottom; width: 558.9pt; display: table-cell; height: 31.05pt; ">
                    <!-- [if IE]><TABLE><TR style=" width: 558.9pt; height: 31.05pt;"><TD vAlign="bottom" style=" width: 558.9pt; height: 31.05pt;"><![endif]-->
                    <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 12pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center; margin-right: 0pt; "><FONT style="font-size: 8pt; font-family: Arial, sans-serif; "> <br></FONT><FONT style="font-size: 10pt; font-family: Arial, sans-serif; ">12</FONT></P>
                    <!-- [if IE]></TD></TR></TABLE><![endif]-->
                </DIV>
            </DIV>
            <DIV style="border: 0pt; padding-top: 0pt; top: 110.4pt; left: 31.05pt; padding-left: 0pt; width: 558.9pt; padding-bottom: 0pt; position: absolute; padding-right: 0pt; height: 531.3pt; ">
                <DIV style="margin-left: 0pt; color: #000000; font-size: 12pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; margin-right: 0pt; ">
                    <TABLE style="width: 558.9pt; margin-top: 4pt; margin-bottom: 0pt; table-layout: fixed; border-collapse: collapse; ">
                        <TR style="margin: 0; height: 0; ">
                            <TD style="border: 0; width: 465.74999999999994pt; padding: 0; margin: 0; ">
                            </TD>
                            <TD style="border: 0; width: 13.799999999999999pt; padding: 0; margin: 0; ">
                            </TD>
                            <TD style="border: 0; width: 58.65pt; padding: 0; margin: 0; ">
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0; margin: 0; padding: 0; width: 20.7pt">
                            </TD>
                        </TR>
                        <TR style="min-height: 3pt; ">
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 20.7pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; margin-right: 0pt; "><FONT style="font-weight: bold; "><B>PER SHARE OPERATING PERFORMANCE:</B></FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 20.7pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; margin-right: 0pt; "><FONT>Net asset value, beginning of period </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.5pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>18.57</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 20.7pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; margin-right: 0pt; "><FONT style="font-weight: bold; "><B>INVESTMENT OPERATIONS: </B></FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 20.7pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; margin-right: 0pt; "><FONT>Net investment income </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>0.29</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 20.7pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; margin-right: 0pt; "><FONT>Net realized and unrealized gain/(loss) on investments </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.5pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>0.02</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 20.7pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; margin-right: 0pt; "><FONT>Total from investment operations </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.5pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>0.31</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 20.7pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; margin-right: 0pt; "><FONT style="font-weight: bold; "><B>DISTRIBUTIONS TO COMMON STOCK SHAREHOLDERS:&#160;</B></FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 20.7pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; margin-right: 0pt; "><FONT>From net investment income </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.5pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>(0.32</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.5pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 20.7pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; margin-right: 0pt; "><FONT>)</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 20.7pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; margin-right: 0pt; "><FONT>Total distributions to Common Stock Shareholders </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.5pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>(0.32</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.5pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 20.7pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; margin-right: 0pt; "><FONT>)</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 20.7pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; margin-right: 0pt; "><FONT>Net asset value, end of period </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.5pt; border-bottom: 2.5pt double #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>18.56</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 20.7pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; margin-right: 0pt; "><FONT>Market value, end of period </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 2.5pt double #000000; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.5pt; border-bottom: 2.5pt double #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>16.97</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 20.7pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; margin-right: 0pt; "><FONT>Common Stock shares outstanding, end of period </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 2.5pt double #000000; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.5pt; border-bottom: 2.5pt double #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>10,456,821</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 20.7pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; margin-right: 0pt; "><FONT style="font-weight: bold; "><B>RATIOS TO AVERAGE NET ASSETS AVAILABLE TO COMMON STOCK SHAREHOLDERS:&#160;</B></FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 2.5pt double #000000; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; margin-right: 0pt; "><FONT>Net investment income&#8224; </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>6.34</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.5pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 20.7pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; margin-right: 0pt; "><FONT>%*</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; margin-right: 0pt; "><FONT>Operating expenses including interest expense </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>4.64</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.5pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 20.7pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; margin-right: 0pt; "><FONT>%*</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; margin-right: 0pt; "><FONT>Operating expenses excluding interest expense </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>1.33</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.5pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 20.7pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; margin-right: 0pt; "><FONT>%*</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 20.7pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; margin-right: 0pt; "><FONT style="font-weight: bold; "><B>SUPPLEMENTAL DATA:&#8224;&#8224;&#160;</B></FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; margin-right: 0pt; "><FONT>Portfolio turnover rate </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>3</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.5pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 20.7pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; margin-right: 0pt; "><FONT>%**</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; margin-right: 0pt; "><FONT>Total managed assets, end of period (in 000&#8217;s) </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>312,556</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 0pt; vertical-align: bottom">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; margin-right: 0pt; "><FONT>Ratio of operating expenses including interest expense to<br>average total managed assets </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>2.87</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.5pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 20.7pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; margin-right: 0pt; "><FONT>%*</FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; margin-right: 0pt; "><FONT>Ratio of operating expenses excluding interest expense to<br>average total managed assets </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>0.83</FONT></P>
                            </TD>
                            <TD STYLE="white-space: nowrap; border-width: 0pt; padding: 1.5pt 0pt; vertical-align: bottom">
                                <P style="margin-left: 20.7pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; margin-right: 0pt; "><FONT>%*</FONT></P>
                            </TD>
                        </TR>
                    </TABLE>
                </DIV>
                <P style="color: #000000; font-size: 9pt; border-bottom: 1pt solid ; margin-right: 496.8pt; margin-left: 0pt; text-indent: 0pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 4pt; "><FONT>&#160;&#160;</FONT></P>
                <P style="margin-left: 24.15pt; color: #000000; text-indent: -24.15pt; font-size: 7pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; margin-right: 0pt; "><!-- [if IE]><FONT style=" width: 24.15pt; text-indent: -21.0pt; display: inline-block;"><![endif]--><FONT style="width: 24.15pt; text-indent: 0; display: inline-block; "><SUP style="font-size: 5.0pt; line-height: 5.0pt; ">(1)</SUP></FONT><!-- [if IE]></FONT><![endif]--><FONT>These tables summarize the three months ended February 28, 2025 and should be read in conjunction with the Fund&#8217;s audited financial statements, including notes to the financial statements, in its Annual Report dated November 30, 2024.</FONT></P>
                <P style="margin-left: 24.15pt; color: #000000; text-indent: -24.15pt; font-size: 7pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; margin-right: 0pt; "><!-- [if IE]><FONT style=" width: 24.15pt; text-indent: -21.0pt; display: inline-block;"><![endif]--><FONT style="width: 24.15pt; text-indent: 0; display: inline-block; "><FONT>*</FONT></FONT><!-- [if IE]></FONT><![endif]--><FONT>Annualized.</FONT></P>
                <P style="margin-left: 24.15pt; color: #000000; text-indent: -24.15pt; font-size: 7pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; margin-right: 0pt; "><!-- [if IE]><FONT style=" width: 24.15pt; text-indent: -21.0pt; display: inline-block;"><![endif]--><FONT style="width: 24.15pt; text-indent: 0; display: inline-block; "><FONT>**</FONT></FONT><!-- [if IE]></FONT><![endif]--><FONT>Not annualized.</FONT></P>
                <P style="margin-left: 24.15pt; color: #000000; text-indent: -24.15pt; font-size: 7pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; margin-right: 0pt; "><!-- [if IE]><FONT style=" width: 24.15pt; text-indent: -21.0pt; display: inline-block;"><![endif]--><FONT style="width: 24.15pt; text-indent: 0; display: inline-block; "><FONT>&#8224;</FONT></FONT><!-- [if IE]></FONT><![endif]--><FONT>The net investment income ratios reflect income net of operating expenses, including interest expense.</FONT></P>
                <P style="margin-left: 24.15pt; color: #000000; text-indent: -24.15pt; font-size: 7pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; margin-right: 0pt; "><!-- [if IE]><FONT style=" width: 24.15pt; text-indent: -21.0pt; display: inline-block;"><![endif]--><FONT style="width: 24.15pt; text-indent: 0; display: inline-block; "><FONT>&#8224;&#8224;</FONT></FONT><!-- [if IE]></FONT><![endif]--><FONT>Information presented under heading Supplemental Data includes loan principal balance.</FONT></P>
            </DIV>
        </DIV>
        <DIV style="page-break-before: always; ">
            <P style="font-size: 5pt; margin: 0pt; ">&#8203;</P>
        </DIV>
        <DIV style="margin: auto; overflow: hidden; width: 621.0pt; position: relative; border-bottom: 2pt solid black; height: 703.8pt; ">
            <DIV style="border: 0pt; padding-top: 0pt; top: 31.05pt; left: 31.05pt; padding-left: 0pt; width: 558.9pt; padding-bottom: 0pt; position: absolute; padding-right: 0pt; height: 72.62pt; ">
                <P style="margin-left: 0pt; color: #000000; font-size: 12pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; text-align: right; margin-right: 0pt; "><FONT style="font-size: 8pt; font-family: Arial, sans-serif; "><B>Flaherty &amp; Crumrine Total Return Fund Incorporated</B></FONT></P>
                <P style="margin-left: 0pt; color: #000000; font-size: 12pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; text-align: right; margin-right: 0pt; "><FONT style="text-transform: uppercase; font-family: Arial, sans-serif; "><B>Financial Highlights (Continued)</B></FONT></P>
                <P style="margin-left: 0pt; color: #000000; font-size: 12pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; text-align: right; margin-right: 0pt; "><FONT style="font-size: 10pt; font-family: Arial, sans-serif; "><B>Per Share of Common Stock (Unaudited)</B></FONT></P>
                <P style="margin-left: 0pt; color: #000000; font-size: 12pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; border-bottom: 1pt solid ; text-align: right; margin-right: 0pt; "><FONT style="font-size: 8pt; font-family: Arial, sans-serif; ">&#160;</FONT></P>
            </DIV>
            <DIV style="border: 0pt; padding-top: 0pt; top: 641.7pt; left: 31.05pt; padding-left: 0pt; width: 558.9pt; padding-bottom: 0pt; position: absolute; padding-right: 0pt; height: 31.05pt; ">
                <DIV style="vertical-align: bottom; width: 558.9pt; display: table-cell; height: 31.05pt; ">
                    <!-- [if IE]><TABLE><TR style=" width: 558.9pt; height: 31.05pt;"><TD vAlign="bottom" style=" width: 558.9pt; height: 31.05pt;"><![endif]-->
                    <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 12pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center; margin-right: 0pt; "><FONT style="font-size: 8pt; font-family: Arial, sans-serif; "> <br></FONT><FONT style="font-size: 10pt; font-family: Arial, sans-serif; ">13</FONT></P>
                    <!-- [if IE]></TD></TR></TABLE><![endif]-->
                </DIV>
            </DIV>
            <DIV style="border: 0pt; padding-top: 0pt; top: 110.4pt; left: 31.05pt; padding-left: 0pt; width: 558.9pt; padding-bottom: 0pt; position: absolute; padding-right: 0pt; height: 531.3pt; ">
                <DIV style="margin-left: 0pt; color: #000000; font-size: 12pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; margin-right: 0pt; ">
                    <TABLE style="width: 573.3899999999999pt; margin-top: 4pt; margin-bottom: 0pt; table-layout: fixed; border-collapse: collapse; ">
                        <TR style="margin: 0; height: 0; ">
                            <TD style="border: 0; width: 255.99pt; padding: 0; margin: 0; ">
                            </TD>
                            <TD style="border: 0; width: 13.799999999999999pt; padding: 0; margin: 0; ">
                            </TD>
                            <TD style="border: 0; width: 62.099999999999994pt; padding: 0; margin: 0; ">
                            </TD>
                            <TD style="border: 0; width: 13.799999999999999pt; padding: 0; margin: 0; ">
                            </TD>
                            <TD style="border: 0; width: 62.099999999999994pt; padding: 0; margin: 0; ">
                            </TD>
                            <TD style="border: 0; width: 13.799999999999999pt; padding: 0; margin: 0; ">
                            </TD>
                            <TD style="border: 0; width: 62.099999999999994pt; padding: 0; margin: 0; ">
                            </TD>
                            <TD style="border: 0; width: 13.799999999999999pt; padding: 0; margin: 0; ">
                            </TD>
                            <TD style="border: 0; width: 62.099999999999994pt; padding: 0; margin: 0; ">
                            </TD>
                            <TD style="border: 0; width: 13.799999999999999pt; padding: 0; margin: 0; ">
                            </TD>
                        </TR>
                        <TR style="min-height: 3pt; ">
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.5pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 8pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; text-align: center; margin-right: 0pt; "><FONT style="font-weight: bold; "><B>&#160;</B></FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 0pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.5pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 8pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; text-align: center; margin-right: 0pt; "><FONT style="font-weight: bold; "><B>Total<br>Dividends<br>Paid</B></FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 0pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.5pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 8pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; text-align: center; margin-right: 0pt; "><FONT style="font-weight: bold; "><B>Net <br>Asset<br>Value</B></FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 0pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.5pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 8pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; text-align: center; margin-right: 0pt; "><FONT style="font-weight: bold; "><B>NYSE<br>Closing<br>Price</B></FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 0pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.5pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 8pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; text-align: center; margin-right: 0pt; "><FONT style="font-weight: bold; "><B>Dividend<br>Reinvestment<br>Price</B></FONT><SUP style="font-size: 6.0pt; line-height: 6.0pt; font-weight: bold; "><B>(1)</B></SUP><FONT style="font-weight: bold; "><B>&#160;</B></FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 20.7pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; margin-right: 0pt; "><FONT>December 31, 2024 </FONT></P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 9pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; text-align: center; margin-right: 0pt; "><FONT>$0.1280</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 9pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; text-align: center; margin-right: 0pt; "><FONT>$18.31</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 9pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; text-align: center; margin-right: 0pt; "><FONT>$16.70</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 9pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; text-align: center; margin-right: 0pt; "><FONT>$16.77</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 20.7pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; margin-right: 0pt; "><FONT>January 31, 2025 </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 9pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; text-align: center; margin-right: 0pt; "><FONT>&#8194;0.0937</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 9pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; text-align: center; margin-right: 0pt; "><FONT>&#8194;18.35</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 9pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; text-align: center; margin-right: 0pt; "><FONT>&#8194;16.93</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 9pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; text-align: center; margin-right: 0pt; "><FONT>&#8194;16.96</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 20.7pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; margin-right: 0pt; "><FONT>February 28, 2025 </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 9pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; text-align: center; margin-right: 0pt; "><FONT>&#8194;0.0937</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 9pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; text-align: center; margin-right: 0pt; "><FONT>&#8194;18.56</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 9pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; text-align: center; margin-right: 0pt; "><FONT>&#8194;16.97</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 9pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; text-align: center; margin-right: 0pt; "><FONT>&#8194;17.09</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                    </TABLE>
                </DIV>
                <P style="color: #000000; font-size: 9pt; border-bottom: 1pt solid ; margin-right: 496.8pt; margin-left: 0pt; text-indent: 0pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 4pt; "><FONT>&#160;&#160;</FONT></P>
                <P style="margin-left: 24.15pt; color: #000000; text-indent: -24.15pt; font-size: 7pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; margin-right: 0pt; "><!-- [if IE]><FONT style=" width: 24.15pt; text-indent: -21.0pt; display: inline-block;"><![endif]--><FONT style="width: 24.15pt; text-indent: 0; display: inline-block; "><SUP style="font-size: 5.0pt; line-height: 5.0pt; ">(1)</SUP></FONT><!-- [if IE]></FONT><![endif]--><FONT>Whenever the net asset value per share of the Fund&#8217;s Common Stock is less than or equal to the market price per share on the reinvestment date, new shares issued will be valued at the higher of net asset value or 95% of the then current market price. Otherwise, the reinvestment shares of Common Stock will be purchased in the open market.</FONT></P>
            </DIV>
        </DIV>
        <DIV style="page-break-before: always; ">
            <P style="font-size: 5pt; margin: 0pt; ">&#8203;</P>
        </DIV>
        <DIV style="margin: auto; overflow: hidden; width: 621.0pt; position: relative; border-bottom: 2pt solid black; height: 703.8pt; ">
            <DIV style="border: 0pt; padding-top: 0pt; top: 31.05pt; left: 31.05pt; padding-left: 0pt; width: 558.9pt; padding-bottom: 0pt; position: absolute; padding-right: 0pt; height: 58.82pt; ">
                <P style="border-top: 1pt solid ; color: #000000; font-size: 12pt; margin-right: 0pt; margin-left: 0pt; text-indent: 0pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; "><FONT style="font-size: 8pt; font-family: Arial, sans-serif; ">&#160;</FONT></P>
                <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 12pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; margin-right: 0pt; "><FONT style="font-size: 8pt; font-family: Arial, sans-serif; "><B>Flaherty &amp; Crumrine Total Return Fund Incorporated</B></FONT></P>
                <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 12pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; margin-right: 0pt; "><FONT STYLE="font-family: Arial, sans-serif"><B>NOTES
                TO PORTFOLIO OF INVESTMENTS (Unaudited)</B></FONT></P>
                <P style="color: #000000; font-size: 12pt; border-bottom: 1pt solid ; margin-right: 0pt; margin-left: 0pt; text-indent: 0pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; "><FONT style="font-size: 8pt; font-family: Arial, sans-serif; ">&#160;</FONT></P>
            </DIV>
            <DIV style="border: 0pt; padding-top: 0pt; top: 641.7pt; left: 31.05pt; padding-left: 0pt; width: 558.9pt; padding-bottom: 0pt; position: absolute; padding-right: 0pt; height: 31.05pt; ">
                <DIV style="vertical-align: bottom; width: 558.9pt; display: table-cell; height: 31.05pt; ">
                    <!-- [if IE]><TABLE><TR style=" width: 558.9pt; height: 31.05pt;"><TD vAlign="bottom" style=" width: 558.9pt; height: 31.05pt;"><![endif]-->
                    <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 12pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center; margin-right: 0pt; "><FONT style="font-size: 10pt; font-family: Arial, sans-serif; ">14</FONT></P>
                    <!-- [if IE]></TD></TR></TABLE><![endif]-->
                </DIV>
            </DIV>
            <DIV style="border: 0pt; padding-top: 0pt; top: 96.6pt; left: 31.05pt; padding-left: 0pt; width: 558.9pt; padding-bottom: 0pt; position: absolute; padding-right: 0pt; height: 545.1pt; ">
                <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 10pt; font-family: Arial, sans-serif; line-height: 12pt; margin-top: 0pt; margin-bottom: 4pt; margin-right: 0pt; "><!-- [if IE]><FONT style=" width: 31.049999999999997pt; text-indent: 0.0pt; display: inline-block;"><![endif]--><FONT style="width: 31.049999999999997pt; text-indent: 0; display: inline-block; "><FONT style="font-weight: bold; "><B>1.</B></FONT></FONT><!-- [if IE]></FONT><![endif]--><FONT style="font-weight: bold; "><B>Aggregate Information for Federal Income Tax Purposes</B></FONT></P>
                <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: 11pt; margin-top: 0pt; margin-bottom: 6pt; text-align: justify; margin-right: 0pt; "><FONT>At February 28, 2025, the aggregate cost of securities for federal income tax purposes was $315,490,312 the aggregate gross unrealized appreciation for all securities in which there was an excess of value over tax cost was $6,851,552 and the aggregate gross unrealized depreciation for all securities in which there was an excess of tax cost over value was $12,520,078.</FONT></P>
                <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 10pt; font-family: Arial, sans-serif; line-height: 12pt; margin-top: 6pt; margin-bottom: 4pt; margin-right: 0pt; "><!-- [if IE]><FONT style=" width: 31.049999999999997pt; text-indent: 0.0pt; display: inline-block;"><![endif]--><FONT style="width: 31.049999999999997pt; text-indent: 0; display: inline-block; "><FONT style="font-weight: bold; "><B>2.</B></FONT></FONT><!-- [if IE]></FONT><![endif]--><FONT style="font-weight: bold; "><B>Additional Accounting Standards</B></FONT></P>
                <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: 11pt; margin-top: 0pt; margin-bottom: 6pt; text-align: justify; margin-right: 0pt; "><FONT style="font-style: italic; "><I>Portfolio Valuation:</I></FONT><FONT>&#160;Rule 2a-5 under the Investment Company Act of 1940, as amended (the &#8220;1940 Act&#8221;), establishes requirements for determining fair value in good faith for purposes of the 1940 Act. Rule 2a-5 permits fund boards to designate a Valuation Designee to perform fair value determinations, subject to board oversight and certain other conditions. Rule 2a-5 also defines when market quotations are &#8220;readily available&#8221; for purposes of Section 2(a)(41) of the 1940 Act, which requires a fund to fair value a security when market quotations are not readily available. </FONT></P>
                <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: 11pt; margin-top: 0pt; margin-bottom: 6pt; text-align: justify; margin-right: 0pt; "><FONT>The net asset value of the Fund&#8217;s Common Stock is calculated by the Fund&#8217;s Administrator no less frequently than on the last business day of each week and month in accordance with the policies and procedures adopted by the Adviser, as the Valuation Designee of the Board of Directors (the &#8220;Board&#8221;) of the Fund. Net asset value is calculated by dividing the value of the Fund&#8217;s net assets available to Common Stock by the number of shares of Common Stock outstanding. The value of the Fund&#8217;s net assets available to Common Stock is deemed to equal the value of the Fund&#8217;s total assets less (i) the Fund&#8217;s liabilities and (ii) the aggregate liquidation value of any outstanding preferred stock.&#160;</FONT></P>
                <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: 11pt; margin-top: 0pt; margin-bottom: 6pt; text-align: justify; margin-right: 0pt; "><FONT>The Fund&#8217;s preferred and debt securities are valued on the basis of current market quotations provided by independent pricing services or dealers approved by the Valuation Designee. In determining the evaluated mean value of a particular preferred or debt security, a pricing service or dealer may use information with respect to transactions in such investments, quotations (based on the mean of bid and asked price), market transactions in comparable investments, various relationships observed in the market between investments, and/or calculated yield measures based on valuation technology commonly employed in the market for such investments. Common stocks that are traded on stock exchanges are valued at the last sale price or official close price on the exchange, as of the close of business on the day the securities are being valued or, lacking any sales, at the last available mean price. Futures contracts and option contracts on futures contracts are valued on the basis of the settlement price for such contracts on the primary exchange on which they trade. Investments in over-the-counter derivative instruments, such as interest rate swaps and options thereon (&#8220;swaptions&#8221;), are valued using prices supplied by a pricing service, or if such prices are unavailable, prices provided by a single broker or dealer that is not the counterparty or, if no such prices are available, at a price at which the counterparty to the contract would repurchase the instrument or terminate the contract. Investments for which market quotations are not readily available or for which the Valuation Designee determines that the prices are not reflective of current market conditions are valued at fair value as determined in good faith by the Valuation Designee, including reference to valuations of other securities which are comparable in quality, maturity and type.&#160;</FONT></P>
                <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: 11pt; margin-top: 0pt; margin-bottom: 6pt; text-align: justify; margin-right: 0pt; "><FONT>Investments in money market instruments and all debt and preferred securities which mature in 60 days or less are valued at amortized cost, provided such amount approximates market value. Investments in money market funds are valued at the net asset value of such funds.</FONT></P>
            </DIV>
        </DIV>
        <DIV style="page-break-before: always; ">
            <P style="font-size: 5pt; margin: 0pt; ">&#8203;</P>
        </DIV>
        <DIV style="margin: auto; overflow: hidden; width: 621.0pt; position: relative; border-bottom: 2pt solid black; height: 703.8pt; ">
            <DIV style="border: 0pt; padding-top: 0pt; top: 31.05pt; left: 31.05pt; padding-left: 0pt; width: 558.9pt; padding-bottom: 0pt; position: absolute; padding-right: 0pt; height: 58.82pt; ">
                <P style="border-top: 1pt solid ; margin-left: 0pt; color: #000000; font-size: 12pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; text-align: right; margin-right: 0pt; "><FONT style="font-size: 8pt; font-family: Arial, sans-serif; ">&#160;</FONT></P>
                <P style="margin-left: 0pt; color: #000000; font-size: 12pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; text-align: right; margin-right: 0pt; "><FONT style="font-size: 8pt; font-family: Arial, sans-serif; "><B>Flaherty &amp; Crumrine Total Return Fund Incorporated</B></FONT></P>
                <P style="margin-left: 0pt; color: #000000; font-size: 12pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; text-align: right; margin-right: 0pt; "><FONT STYLE="font-family: Arial, sans-serif"><B>NOTES
                TO PORTFOLIO OF INVESTMENTS (Unaudited) (Continued)</B></FONT></P>
                <P style="margin-left: 0pt; color: #000000; font-size: 12pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; border-bottom: 1pt solid ; text-align: right; margin-right: 0pt; "><FONT style="font-size: 8pt; font-family: Arial, sans-serif; ">&#160;</FONT></P>
            </DIV>
            <DIV style="border: 0pt; padding-top: 0pt; top: 641.7pt; left: 31.05pt; padding-left: 0pt; width: 558.9pt; padding-bottom: 0pt; position: absolute; padding-right: 0pt; height: 31.05pt; ">
                <DIV style="vertical-align: bottom; width: 558.9pt; display: table-cell; height: 31.05pt; ">
                    <!-- [if IE]><TABLE><TR style=" width: 558.9pt; height: 31.05pt;"><TD vAlign="bottom" style=" width: 558.9pt; height: 31.05pt;"><![endif]-->
                    <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 12pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center; margin-right: 0pt; "><FONT style="font-size: 10pt; font-family: Arial, sans-serif; ">15</FONT></P>
                    <!-- [if IE]></TD></TR></TABLE><![endif]-->
                </DIV>
            </DIV>
            <DIV style="border: 0pt; padding-top: 0pt; top: 96.6pt; left: 31.05pt; padding-left: 0pt; width: 558.9pt; padding-bottom: 0pt; position: absolute; padding-right: 0pt; height: 545.1pt; ">
                <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: 11pt; margin-top: 0pt; margin-bottom: 6pt; text-align: justify; margin-right: 0pt; "><FONT style="font-style: italic; "><I>Fair Value Measurements:</I></FONT><FONT> The Fund has analyzed all existing investments to determine the significance and character of all inputs to their fair value determination. The levels of fair value inputs used to measure the Fund&#8217;s investments are characterized into a fair value hierarchy. Where inputs for an asset or liability fall into more than one level in the fair value hierarchy, the investment is classified in its entirety based on the lowest level input that is significant to that investment&#8217;s valuation. The three levels of the fair value hierarchy are described below:</FONT></P>
                <DIV style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: 11pt; margin-top: 0pt; margin-bottom: 6pt; text-align: justify; margin-right: 0pt; ">
                    <TABLE style="width: 558.9pt; margin-top: 0pt; margin-bottom: 6pt; table-layout: fixed; border-collapse: collapse; ">
                        <TR style="margin: 0; height: 0; ">
                            <TD style="border: 0; width: 31.049999999999997pt; padding: 0; margin: 0; ">
                            </TD>
                            <TD style="border: 0; width: 20.7pt; padding: 0; margin: 0; ">
                            </TD>
                            <TD style="border: 0; width: 44.849999999999994pt; padding: 0; margin: 0; ">
                            </TD>
                            <TD style="border: 0; width: 462.29999999999995pt; padding: 0; margin: 0; ">
                            </TD>
                        </TR>
                        <TR style="min-height: 0pt; ">
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: 12pt; margin-top: 0; margin-bottom: 0; margin-right: 0pt; "><FONT style="line-height: 11pt; ">&#160;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 9pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; margin-right: 0pt; "><FONT>&#8226;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 9pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; margin-right: 0pt; "><FONT>Level 1 &#8211;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 9pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; margin-right: 0pt; "><FONT>quoted prices in active markets for identical securities</FONT></P>
                            </TD>
                        </TR>
                        <TR style="max-height: 6pt; min-height: 6pt; height: 6pt; ">
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: 12pt; margin-top: 0; margin-bottom: 0; margin-right: 0pt; "><FONT style="line-height: 5pt; ">&#160;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                            </TD>
                        </TR>
                        <TR style="min-height: 0pt; ">
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: 12pt; margin-top: 0; margin-bottom: 0; margin-right: 0pt; "><FONT style="line-height: 11pt; ">&#160;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 9pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; margin-right: 0pt; "><FONT>&#8226;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 9pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; margin-right: 0pt; "><FONT>Level 2 &#8211;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 9pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; margin-right: 0pt; "><FONT>other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)</FONT></P>
                            </TD>
                        </TR>
                        <TR style="max-height: 6pt; min-height: 6pt; height: 6pt; ">
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: 12pt; margin-top: 0; margin-bottom: 0; margin-right: 0pt; "><FONT style="line-height: 5pt; ">&#160;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                            </TD>
                        </TR>
                        <TR style="min-height: 0pt; ">
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: 12pt; margin-top: 0; margin-bottom: 0; margin-right: 0pt; "><FONT style="line-height: 11pt; ">&#160;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 9pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; margin-right: 0pt; "><FONT>&#8226;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 9pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; margin-right: 0pt; "><FONT>Level 3 &#8211;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 9pt; font-family: Arial, sans-serif; margin-top: 0; margin-bottom: 0; margin-right: 0pt; "><FONT>significant unobservable inputs (including the Fund&#8217;s own assumptions in determining the fair value of investments)</FONT></P>
                            </TD>
                        </TR>
                    </TABLE>
                </DIV>
                <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: 11pt; margin-top: 0pt; margin-bottom: 6pt; text-align: justify; margin-right: 0pt; "><FONT>The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. Transfers in and out of levels are recognized at market value at the end of the period.</FONT></P>
                <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: 11pt; margin-top: 0pt; margin-bottom: 6pt; text-align: justify; margin-right: 0pt; "><FONT>A summary of the inputs used to value the Fund&#8217;s investments as of February 28, 2025 is as follows:</FONT></P>
                <DIV style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: 11pt; margin-top: 0pt; margin-bottom: 6pt; text-align: justify; margin-right: 0pt; ">
                    <TABLE style="width: 572.01pt; margin-top: 4pt; margin-bottom: 2pt; table-layout: fixed; border-collapse: collapse; ">
                        <TR style="margin: 0; height: 0; ">
                            <TD style="border: 0; width: 199.40999999999997pt; padding: 0; margin: 0; ">
                            </TD>
                            <TD style="border: 0; width: 13.799999999999999pt; padding: 0; margin: 0; ">
                            </TD>
                            <TD style="border: 0; width: 79.35pt; padding: 0; margin: 0; ">
                            </TD>
                            <TD style="border: 0; width: 13.799999999999999pt; padding: 0; margin: 0; ">
                            </TD>
                            <TD style="border: 0; width: 74.75pt; padding: 0; margin: 0; ">
                            </TD>
                            <TD style="border: 0; width: 13.799999999999999pt; padding: 0; margin: 0; ">
                            </TD>
                            <TD style="border: 0; width: 74.75pt; padding: 0; margin: 0; ">
                            </TD>
                            <TD style="border: 0; width: 13.799999999999999pt; padding: 0; margin: 0; ">
                            </TD>
                            <TD style="border: 0; width: 74.75pt; padding: 0; margin: 0; ">
                            </TD>
                            <TD style="border: 0; width: 13.799999999999999pt; padding: 0; margin: 0; ">
                            </TD>
                        </TR>
                        <TR style="min-height: 3pt; ">
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.5pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 8pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: center; margin-right: 0pt; "><FONT style="font-weight: bold; "><B>&#160;</B></FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 0pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.5pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 8pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: center; margin-right: 0pt; "><FONT style="font-weight: bold; "><B>Total<br>Value at<br>February 28, 2025</B></FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 0pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.5pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 8pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: center; margin-right: 0pt; "><FONT style="font-weight: bold; "><B>Level 1<br>Quoted<br>Price</B></FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 0pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.5pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 8pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: center; margin-right: 0pt; "><FONT style="font-weight: bold; "><B>Level 2<br>Significant<br>Observable<br>Inputs</B></FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 0pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 1.5pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 8pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: center; margin-right: 0pt; "><FONT style="font-weight: bold; "><B>Level 3<br>Significant<br>Unobservable<br>Inputs</B></FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: bottom; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR style="min-height: 3pt; ">
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 20.7pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT style="font-weight: bold; "><B>Preferred Stock &amp; Hybrid <br>Preferred Securities</B></FONT></P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Banking </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>98,480,262</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>46,788,276</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>51,691,986</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>&#8212;</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Financial Services </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;10,084,240</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;2,990,704</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;7,093,536</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;&#8212;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Insurance </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;59,905,219</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;9,926,478</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;49,978,741</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;&#8212;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Utilities </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;34,477,171</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;5,469,035</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;29,008,136</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;&#8212;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Energy </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;12,587,585</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;&#8212;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;12,587,585</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;&#8212;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Communication </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;3,468,975</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;&#8212;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;3,468,975</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;&#8212;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Real Estate Investment Trust (REIT) </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;4,865,486</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;4,865,486</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;&#8212;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;&#8212;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Miscellaneous Industries </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;6,170,517</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;1,233,379</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;4,937,138</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;&#8212;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 20.7pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT style="font-weight: bold; "><B>Contingent Capital Securities&#160;</B></FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Banking </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;71,206,771</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;&#8212;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;71,206,771</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;&#8212;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 20.7pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT style="font-weight: bold; "><B>Corporate Debt Securities&#160;</B></FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Banking </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;511,168</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;511,168</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;&#8212;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;&#8212;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Insurance </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;3,993,573</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;&#8212;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;3,993,573</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;&#8212;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 31.05pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT>Communication </FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;1,316,748</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;1,316,748</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;&#8212;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#160;&#8212;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: rgb(204,238,255)">
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 20.7pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT style="font-weight: bold; "><B>Money Market Fund </B></FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>2,754,071</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>2,754,071</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#8212;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0.5pt solid #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT>&#8212;</FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                        <TR STYLE="min-height: 3pt; background-color: White">
                            <TD style="border-top: 0pt; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 20.7pt; color: #000000; text-indent: -20.7pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: left; margin-right: 0pt; "><FONT style="font-weight: bold; "><B>Total Investments </B></FONT></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 2.5pt double #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>309,821,786</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 2.5pt double #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>75,855,345</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 2.5pt double #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>233,966,441</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                            <TD style="border-top: 0.5pt solid #000000; padding-top: 1.5pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 1.5pt; border-bottom: 2.5pt double #000000; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; color: #000000; font-size: 9pt; font-family: Arial, sans-serif; line-height: normal; margin-top: 0; margin-bottom: 0; text-align: right; margin-right: 0pt; "><FONT style="float: left; "><FONT>$</FONT></FONT><FONT style="float: right; "><FONT>&#8212;</FONT></FONT><FONT style="font-size: 9pt; ">&#8203;</FONT>                                    <BR clear="all"></P>
                            </TD>
                            <TD style="border-top: 0pt; padding-top: 0pt; border-right: 0pt; border-left: 0pt; padding-left: 0pt; vertical-align: top; padding-bottom: 0pt; border-bottom: 0pt; padding-right: 0pt; ">
                                <P style="margin-left: 0pt; font-size: 1pt; line-height: 1pt; margin-top: 0pt; margin-bottom: 0; margin-right: 0pt; ">&#8203;</P>
                            </TD>
                        </TR>
                    </TABLE>
                </DIV>
            </DIV>
        </DIV>
        <DIV style="page-break-before: always; ">
            <P style="font-size: 5pt; margin: 0pt; ">&#8203;</P>
        </DIV>
        <DIV style="margin: auto; overflow: hidden; width: 621.0pt; position: relative; border-bottom: 2pt solid black; height: 703.8pt; ">
            <DIV style="border: 0pt; padding-top: 0pt; top: 31.05pt; left: 31.05pt; padding-left: 0pt; width: 558.9pt; padding-bottom: 0pt; position: absolute; padding-right: 0pt; height: 58.82pt; ">
                <P style="border-top: 1pt solid ; color: #000000; font-size: 12pt; margin-right: 0pt; margin-left: 0pt; text-indent: 0pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; "><FONT style="font-size: 8pt; font-family: Arial, sans-serif; ">&#160;</FONT></P>
                <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 12pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; margin-right: 0pt; "><FONT style="font-size: 8pt; font-family: Arial, sans-serif; "><B>Flaherty &amp; Crumrine Total Return Fund Incorporated</B></FONT></P>
                <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 12pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; margin-right: 0pt; "><FONT STYLE="font-family: Arial, sans-serif"><B>NOTES
                TO PORTFOLIO OF INVESTMENTS (Unaudited) (Continued)</B></FONT></P>
                <P style="color: #000000; font-size: 12pt; border-bottom: 1pt solid ; margin-right: 0pt; margin-left: 0pt; text-indent: 0pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; "><FONT style="font-size: 8pt; font-family: Arial, sans-serif; ">&#160;</FONT></P>
            </DIV>
            <DIV style="border: 0pt; padding-top: 0pt; top: 641.7pt; left: 31.05pt; padding-left: 0pt; width: 558.9pt; padding-bottom: 0pt; position: absolute; padding-right: 0pt; height: 31.05pt; ">
                <DIV style="vertical-align: bottom; width: 558.9pt; display: table-cell; height: 31.05pt; ">
                    <!-- [if IE]><TABLE><TR style=" width: 558.9pt; height: 31.05pt;"><TD vAlign="bottom" style=" width: 558.9pt; height: 31.05pt;"><![endif]-->
                    <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 12pt; font-family: Arial, sans-serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center; margin-right: 0pt; "><FONT style="font-size: 10pt; font-family: Arial, sans-serif; ">16</FONT></P>
                    <!-- [if IE]></TD></TR></TABLE><![endif]-->
                </DIV>
            </DIV>
            <DIV style="border: 0pt; padding-top: 0pt; top: 96.6pt; left: 31.05pt; padding-left: 0pt; width: 558.9pt; padding-bottom: 0pt; position: absolute; padding-right: 0pt; height: 545.1pt; ">
                <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: 11pt; margin-top: 0pt; margin-bottom: 6pt; text-align: justify; margin-right: 0pt; "><FONT>During the reporting period, there were no transfers into or out of Level 3.</FONT></P>
                <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: 11pt; margin-top: 0pt; margin-bottom: 6pt; text-align: justify; margin-right: 0pt; "><FONT>The fair values of the Fund&#8217;s investments are generally based on market information and quotes received from brokers or independent pricing services that are unaffiliated with the Adviser. To assess the continuing appropriateness of security valuations, the Adviser regularly compares current prices to prior prices, prices across comparable securities, actual sale prices for securities in the Fund&#8217;s portfolio, and market information obtained by the Adviser as a function of being an active market participant.</FONT></P>
                <P style="margin-left: 0pt; color: #000000; text-indent: 0pt; font-size: 9pt; font-family: Arial, sans-serif; line-height: 11pt; margin-top: 0pt; margin-bottom: 6pt; text-align: justify; margin-right: 0pt; "><FONT>Securities with quotes that are based on actual trades or actionable bids and offers with a sufficient level of activity on or near the measurement date are classified as Level 1. Securities that are priced using quotes derived from implied values, indicative bids and offers, or a limited number of actual trades&#8212;or the same information for securities that are similar in many respects to those being valued&#8212;are classified as Level 2. If market information is not available for securities being valued, or materially-comparable securities, then those securities are classified as Level 3. In considering market information, the Valuation Designee evaluates changes in liquidity, willingness of a broker to execute at the quoted price, the depth and consistency of prices from pricing services, and the existence of observable trades in the market.</FONT></P>
            </DIV>
        </DIV>
    </BODY>
</HTML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
