Midas Management Corporation

Midas Management Corporation as of March 31, 2012

Portfolio Holdings for Midas Management Corporation

Midas Management Corporation holds 0 positions in its portfolio as reported in the March 2012 quarterly 13F filing

                SHRS OR
       NAME OF ISSUER           TITLE OF CLASS      CUSIP         VALUE [XS 1000]       PRN AMOUNT
----------------------------------------------------------------------------------------------------------------------
{S}                                 {C}              {C}                 {C}                {C}
ANGLOGOLD ASHANTI LTD            SPONSORED ADR     035128206            3,692             100,000
APPLE INC                            COM           037833100            1,843               3,075
AURIZON MINES LTD                    COM           05155P106              653             135,000
BECTON DICKINSON & CO                COM           075887109              233               3,000
BERKSHIRE HATHAWAY INC DEL        CL B NEW         084670702            4,260              52,500
CANADIAN NAT RES LTD                 COM           136385101              664              20,000
CHINA MOBILE LIMITED             SPONSORED ADR     16941M109              217               3,935
CISCO SYS INC                        COM           17275R102              199               9,422
COMCAST CORP NEW                    CL A           20030N101              330              11,000
COMPANHIA DE BEBIDAS DAS AME     SPON ADR PFD      20441W203              277               6,692
COSTCO WHSL CORP NEW                 COM           22160K105              908              10,000
ELDORADO GOLD CORP NEW               COM           284902103            4,466             325,000
EXXON MOBIL CORP                     COM           30231G102              180               2,079
GENERAL ELECTRIC CO                  COM           369604103              723              36,000
GOLDCORP INC NEW                     COM           380956409            8,561             190,000
GOOGLE INC                          CL A           38259P508            1,282               2,000
GREAT BASIN GOLD LTD                 COM           390124105              682           1,000,000
HEALTH CARE REIT INC                 COM           42217K106              183               3,330
HEWLETT PACKARD CO                   COM           428236103              103               4,331
HUDBAY MINERALS INC                  COM           443628102            1,918             175,000
IAMGOLD CORP                         COM           450913108            2,658             200,000
ISHARES SILVER T                   ISHARES         46428Q109              773              24,643
IVANHOE MINES LTD                    COM           46579N103              189              12,000
JAGUAR MNG INC                       COM           47009M103            4,670           1,000,000
JOHNSON & JOHNSON                    COM           478160104              726              11,000
JPMORGAN CHASE & CO                  COM           46625H100              892              19,400
KINROSS GOLD CORP                COM NO PAR        496902404            3,127             319,369
MASTERCARD INC                      CL A           57636Q104            4,205              10,000
MICROSOFT CORP                       COM           594918104              226               6,994
NEWMONT MINING CORP                  COM           651639106            5,317             103,700
NORTHERN DYNASTY MINERALS LT       COM NEW         66510M204            3,040             500,000
PHILIP MORRIS INTL INC               COM           718172109              213               2,400
PLATINUM GROUP METALS LTD          COM NEW         72765Q205            2,205           1,500,000
PS BUSINESS PKS INC CALIF            COM           69360J107              185               2,825
RANDGOLD RES LTD                     ADR           752344309            2,639              30,000
SILVERCORP METALS INC                COM           82835P103            2,067             300,000
SPDR GOLD TRUST                   GOLD SHS         78463V107            2,995              18,471
TRAVELERS COMPANIES INC              COM           89417E109              533               9,000
UNITEDHEALTH GROUP INC               COM           91324P102              206               3,500
WELLS FARGO & CO NEW                 COM           949746101              210               6,140
3M CO                                COM           88579Y101              178               2,000
ALPINE GLOBAL PREMIER PPTYS        COM SBI         02083A103              605              93,020
AMAZON COM INC                       COM           023135106              405               2,000
ANNALY CAP MGMT INC                  COM           035710409              396              25,000
APARTMENT INVT & MGMT CO            CL A           03748R101              396              15,000
APPLE INC                            COM           037833100            1,259               2,100
AVALONBAY CMNTYS INC                 COM           053484101              565               4,000
BERKSHIRE HATHAWAY INC DEL        CL B NEW         084670702              284               3,500
BLACKROCK CREDIT ALL INC TR          COM           09255J101              678              68,408
BLACKROCK CREDIT ALL INC TR          COM           09255H105              221              21,027
BOSTON PROPERTIES INC                COM           101121101              735               7,000
CAPITAL SOUTHWEST CORP               COM           140501107              851               9,005
CBL & ASSOC PPTYS INC                COM           124830100              662              35,000
CBRE GROUP INC                      CL A           12504L109              659              33,000
CHEVRON CORP NEW                     COM           166764100               97                 900
CHIMERA INVT CORP                    COM           16934Q109              156              55,000
CUBESMART                            COM           229663109              536              45,000
DDR CORP                             COM           23317H102              365              25,000
DOUGLAS EMMETT INC                   COM           25960P109              433              19,000
EDUCATION RLTY TR INC                COM           28140H104              238              22,000
EQUITY RESIDENTIAL               SH BEN INT        29476L107              564               9,000
ESSEX PPTY TR INC                    COM           297178105              682               4,500
EXTRA SPACE STORAGE INC              COM           30225T102              777              27,000
EXXON MOBIL CORP                     COM           30231G102              217               2,500
FEDERAL REALTY INVT TR           SH BEN INT NEW    313747206              678               7,000
FRANKLIN RES INC                     COM           354613101              372               3,000
GENERAL GROWTH PPTYS INC NEW         COM           370023103              255              15,000
GOOGLE INC                          CL A           38259P508              321                 500
HCP INC                              COM           40414L109              513              13,000
HEALTH CARE REIT INC                 COM           42217K106              660              12,000
HOME DEPOT INC                       COM           437076102              352               7,000
HOST HOTELS & RESORTS INC            COM           44107P104              361              22,000
INVESCO MORTGAGE CAPITAL INC         COM           46131B100              196              11,100
KILROY RLTY CORP                     COM           49427F108              699              15,000
KIMCO RLTY CORP                      COM           49446R109              674              35,000
LIBERTY PPTY TR                  SH BEN INT        531172104              464              13,000
MACQUARIE FT TR GB INF UT DI         COM           55607W100              773              48,291
MCDONALDS CORP                       COM           580135101              294               3,000
MCG CAPITAL CORP                     COM           58047P107              462             108,757
MFA FINANCIAL INC                    COM           55272X102              247              33,000
MICROSOFT CORP                       COM           594918104              194               6,000
NGP CAP RES CO                       COM           62912R107              571              87,203
NUVEEN DIVERSIFIED DIV INCM          COM           6706EP105              639              54,437
POST PPTYS INC                       COM           737464107              422               9,000
PROCTER & GAMBLE CO                  COM           742718109              269               4,000
PROLOGIS INC                         COM           74340W103              684              19,000
PS BUSINESS PKS INC CALIF            COM           69360J107              721              11,000
PUBLIC STORAGE                       COM           74460D109              760               5,500
REGENCY CTRS CORP                    COM           758849103              489              11,000
SENIOR HSG PPTYS TR              SH BEN INT        81721M109              419              19,000
SIMON PPTY GROUP INC NEW             COM           828806109              656               4,500
SL GREEN RLTY CORP                   COM           78440X101              698               9,000
SOVRAN SELF STORAGE INC              COM           84610H108              698              14,000
TAUBMAN CTRS INC                     COM           876664103              387               5,300
UDR INC                              COM           902653104              668              25,000
UNITED PARCEL SERVICE INC           CL B           911312106              242               3,000
VENTAS INC                           COM           92276F100              514               9,000
VORNADO RLTY TR                  SH BEN INT        929042109              589               7,000
WAL MART STORES INC                  COM           931142103              233               3,800
WEINGARTEN RLTY INVS             SH BEN INT        948741103              396              15,000
WELLS FARGO & CO NEW                 COM           949746101              205               6,000
3M CO                                COM           88579Y101            1,784              20,000
ABBOTT LABS                          COM           002824100            1,839              30,000
ACE LTD                              SHS           H0023R105            1,464              20,000
ALTRIA GROUP INC                     COM           02209S103              926              30,000
AMGEN INC                            COM           031162100              823              12,100
ANALOG DEVICES INC                   COM           032654105              929              23,000
ANNALY CAP MGMT INC                  COM           035710409              845              53,400
AT^T INC                             COM           00206R102            1,405              45,000
AVON PRODS INC                       COM           054303102              968              50,000
BARRICK GOLD CORP                    COM           067901108              778              17,900
BAXTER INTL INC                      COM           071813109              939              15,700
BECTON DICKINSON & CO                COM           075887109              831              10,700
BRISTOL MYERS SQUIBB CO              COM           110122108            1,856              55,000
CAMPBELL SOUP CO                     COM           134429109              846              25,000
CARNIVAL CORP                    PAIRED CTF        143658300              764              23,800
CHEVRON CORP NEW                     COM           166764100              772               7,200
CISCO SYS INC                        COM           17275R102              873              41,300
CLOROX CO DEL                        COM           189054109              804              11,700
COCA COLA CO                         COM           191216100            1,110              15,000
CONOCOPHILLIPS                       COM           20825C104              836              11,000
CSX CORP                             COM           126408103              734              34,100
DOVER CORP                           COM           260003108              850              13,500
DOW CHEM CO                          COM           260543103              693              20,000
DU PONT E I DE NEMOURS & CO          COM           263534109            1,058              20,000
EMERSON ELEC CO                      COM           291011104            1,044              20,000
ENERGY TRANSFER PRTNRS L P       UNIT LTD PARTN    29273R109            1,829              39,000
ENTERGY CORP NEW                     COM           29364G103              739              11,000
ENTERPRISE PRODS PARTNERS L          COM           293792107            1,009              20,000
EXELON CORP                          COM           30161N101              667              17,000
EXXON MOBIL CORP                     COM           30231G102              867              10,000
FIRSTENERGY CORP                     COM           337932107              848              18,600
GENERAL ELECTRIC CO                  COM           369604103            2,246             111,900
GOLDCORP INC NEW                     COM           380956409              811              18,000
HEINZ H J CO                         COM           423074103              916              17,100
HEWLETT PACKARD CO                   COM           428236103              596              25,000
HONEYWELL INTL INC                   COM           438516106            1,526              25,000
INTEL CORP                           COM           458140100            1,999              71,100
INTERNATIONAL BUSINESS MACHS         COM           459200101              417               2,000
INVESCO LTD                          SHS           G491BT108              533              20,000
INVESCO MORTGAGE CAPITAL INC         COM           46131B100            1,077              61,000
ISHARES TR                       DJ SEL DIV INX    464287168              839              15,000
ITT CORP NEW                       COM NEW         450911201              885              38,600
JOHNSON & JOHNSON                    COM           478160104            1,524              23,100
JPMORGAN CHASE & CO                  COM           46625H100            1,692              36,800
KELLOGG CO                           COM           487836108              837              15,600
KIMBERLY CLARK CORP                  COM           494368103              924              12,500
KONINKLIJKE PHILIPS ELECTRS      NY REG SH NEW     500472303              800              39,300
KRAFT FOODS INC                     CL A           50075N104              380              10,000
KROGER CO                            COM           501044101              783              32,300
LENDER PROCESSING SVCS INC           COM           52602E102            1,040              40,000
LIMITED BRANDS INC                   COM           532716107            2,592              54,000
MATTEL INC                           COM           577081102              842              25,000
MCDONALDS CORP                       COM           580135101              883               9,000
MEDTRONIC INC                        COM           585055106              792              20,200
MERCK & CO INC NEW                   COM           58933Y105            1,548              40,300
METLIFE INC                          COM           59156R108            1,494              40,000
MFA FINANCIAL INC                    COM           55272X102            1,121             150,000
MICROCHIP TECHNOLOGY INC             COM           595017104            1,302              35,000
MICROSOFT CORP                       COM           594918104              968              30,000
MOLSON COORS BREWING CO             CL B           60871R209              724              16,000
NEWMONT MINING CORP                  COM           651639106              743              14,500
NOKIA CORP                       SPONSORED ADR     654902204              631             115,000
NORDIC AMERICAN TANKERS LIMI         COM           G65773106              238              15,000
NYSE EURONEXT                        COM           629491101              450              15,000
OCCIDENTAL PETE CORP DEL             COM           674599105              777               8,160
PACCAR INC                           COM           693718108              918              19,600
PARKER HANNIFIN CORP                 COM           701094104              854              10,100
PAYCHEX INC                          COM           704326107              310              10,000
PEOPLES UNITED FINANCIAL INC         COM           712704105              794              60,000
PEPSICO INC                          COM           713448108              664              10,000
PFIZER INC                           COM           717081103            2,633             116,200
PG^E CORP                            COM           69331C108              829              19,100
PHILIP MORRIS INTL INC               COM           718172109              886              10,000
PPG INDS INC                         COM           693506107              958              10,000
PROCTER & GAMBLE CO                  COM           742718109              807              12,000
QUALCOMM INC                         COM           747525103              680              10,000
ROCKWELL AUTOMATION INC              COM           773903109              853              10,700
SANOFI                           SPONSORED ADR     80105N105              849              21,900
SOLAR CAP LTD                        COM           83413U100              869              39,355
SOUTHERN CO                          COM           842587107            2,920              65,000
SPDR SERIES TRUST                S^P BK ETF        78464A797            1,550              65,000
STAPLES INC                          COM           855030102              861              53,200
STMICROELECTRONICS N V           NY REGISTRY       861012102            1,043             127,300
TARGET CORP                          COM           87612E106              932              16,000
TIME WARNER INC                    COM NEW         887317303              808              21,400
UNITED TECHNOLOGIES CORP             COM           913017109              829              10,000
VERIZON COMMUNICATIONS INC           COM           92343V104            1,338              35,000
VODAFONE GROUP PLC NEW           SPONS ADR NEW     92857W209              553              20,000
WASTE MGMT INC DEL                   COM           94106L109              524              15,000
WESTERN UN CO                        COM           959802109              755              42,900<br /><br />INVESTMENT                                 VOTING AUTHORITY
          NAME OF ISSUER              SH/PRN          PUT/CALL       DISCRETION         OTHER MANAGERS        SOLE   SHARED   NONE
--------------------------------------------------------------------------------------------------------------------------------
{S}                                     {C}              {C}           {C}               {C}               {C}     {C}     {C}
ANGLOGOLD ASHANTI LTD                                                  DEFINED                             100,000
APPLE INC                                                              DEFINED                               3,075
AURIZON MINES LTD                                                      DEFINED                             135,000
BECTON DICKINSON & CO                                                  DEFINED                               3,000
BERKSHIRE HATHAWAY INC DEL                                             DEFINED                              52,500
CANADIAN NAT RES LTD                                                   DEFINED                              20,000
CHINA MOBILE LIMITED                                                   DEFINED                               3,935
CISCO SYS INC                                                          DEFINED                               9,422
COMCAST CORP NEW                                                       DEFINED                              11,000
COMPANHIA DE BEBIDAS DAS AME                                           DEFINED                               6,692
COSTCO WHSL CORP NEW                                                   DEFINED                              10,000
ELDORADO GOLD CORP NEW                                                 DEFINED                             325,000
EXXON MOBIL CORP                                                       DEFINED                               2,079
GENERAL ELECTRIC CO                                                    DEFINED                              36,000
GOLDCORP INC NEW                                                       DEFINED                             190,000
GOOGLE INC                                                             DEFINED                               2,000
GREAT BASIN GOLD LTD                                                   DEFINED                           1,000,000
HEALTH CARE REIT INC                                                   DEFINED                               3,330
HEWLETT PACKARD CO                                                     DEFINED                               4,331
HUDBAY MINERALS INC                                                    DEFINED                             175,000
IAMGOLD CORP                                                           DEFINED                             200,000
ISHARES SILVER T                                                       DEFINED                              24,643
IVANHOE MINES LTD                                                      DEFINED                              12,000
JAGUAR MNG INC                                                         DEFINED                           1,000,000
JOHNSON & JOHNSON                                                      DEFINED                              11,000
JPMORGAN CHASE & CO                                                    DEFINED                              19,400
KINROSS GOLD CORP                                                      DEFINED                             319,369
MASTERCARD INC                                                         DEFINED                              10,000
MICROSOFT CORP                                                         DEFINED                               6,994
NEWMONT MINING CORP                                                    DEFINED                             103,700
NORTHERN DYNASTY MINERALS LT                                           DEFINED                             500,000
PHILIP MORRIS INTL INC                                                 DEFINED                               2,400
PLATINUM GROUP METALS LTD                                              DEFINED                           1,500,000
PS BUSINESS PKS INC CALIF                                              DEFINED                               2,825
RANDGOLD RES LTD                                                       DEFINED                              30,000
SILVERCORP METALS INC                                                  DEFINED                             300,000
SPDR GOLD TRUST                                                        DEFINED                              18,471
TRAVELERS COMPANIES INC                                                DEFINED                               9,000
UNITEDHEALTH GROUP INC                                                 DEFINED                               3,500
WELLS FARGO & CO NEW                                                   DEFINED                               6,140
3M CO                                                                  DEFINED                 1             2,000
ALPINE GLOBAL PREMIER PPTYS                                            DEFINED                 1            93,020
AMAZON COM INC                                                         DEFINED                 1             2,000
ANNALY CAP MGMT INC                                                    DEFINED                 1            25,000
APARTMENT INVT & MGMT CO                                               DEFINED                 1            15,000
APPLE INC                                                              DEFINED                 1             2,100
AVALONBAY CMNTYS INC                                                   DEFINED                 1             4,000
BERKSHIRE HATHAWAY INC DEL                                             DEFINED                 1             3,500
BLACKROCK CREDIT ALL INC TR                                            DEFINED                 1            68,408
BLACKROCK CREDIT ALL INC TR                                            DEFINED                 1            21,027
BOSTON PROPERTIES INC                                                  DEFINED                 1             7,000
CAPITAL SOUTHWEST CORP                                                 DEFINED                 1             9,005
CBL & ASSOC PPTYS INC                                                  DEFINED                 1            35,000
CBRE GROUP INC                                                         DEFINED                 1            33,000
CHEVRON CORP NEW                                                       DEFINED                 1               900
CHIMERA INVT CORP                                                      DEFINED                 1            55,000
CUBESMART                                                              DEFINED                 1            45,000
DDR CORP                                                               DEFINED                 1            25,000
DOUGLAS EMMETT INC                                                     DEFINED                 1            19,000
EDUCATION RLTY TR INC                                                  DEFINED                 1            22,000
EQUITY RESIDENTIAL                                                     DEFINED                 1             9,000
ESSEX PPTY TR INC                                                      DEFINED                 1             4,500
EXTRA SPACE STORAGE INC                                                DEFINED                 1            27,000
EXXON MOBIL CORP                                                       DEFINED                 1             2,500
FEDERAL REALTY INVT TR                                                 DEFINED                 1             7,000
FRANKLIN RES INC                                                       DEFINED                 1             3,000
GENERAL GROWTH PPTYS INC NEW                                           DEFINED                 1            15,000
GOOGLE INC                                                             DEFINED                 1               500
HCP INC                                                                DEFINED                 1            13,000
HEALTH CARE REIT INC                                                   DEFINED                 1            12,000
HOME DEPOT INC                                                         DEFINED                 1             7,000
HOST HOTELS & RESORTS INC                                              DEFINED                 1            22,000
INVESCO MORTGAGE CAPITAL INC                                           DEFINED                 1            11,100
KILROY RLTY CORP                                                       DEFINED                 1            15,000
KIMCO RLTY CORP                                                        DEFINED                 1            35,000
LIBERTY PPTY TR                                                        DEFINED                 1            13,000
MACQUARIE FT TR GB INF UT DI                                           DEFINED                 1            48,291
MCDONALDS CORP                                                         DEFINED                 1             3,000
MCG CAPITAL CORP                                                       DEFINED                 1           108,757
MFA FINANCIAL INC                                                      DEFINED                 1            33,000
MICROSOFT CORP                                                         DEFINED                 1             6,000
NGP CAP RES CO                                                         DEFINED                 1            87,203
NUVEEN DIVERSIFIED DIV INCM                                            DEFINED                 1            54,437
POST PPTYS INC                                                         DEFINED                 1             9,000
PROCTER & GAMBLE CO                                                    DEFINED                 1             4,000
PROLOGIS INC                                                           DEFINED                 1            19,000
PS BUSINESS PKS INC CALIF                                              DEFINED                 1            11,000
PUBLIC STORAGE                                                         DEFINED                 1             5,500
REGENCY CTRS CORP                                                      DEFINED                 1            11,000
SENIOR HSG PPTYS TR                                                    DEFINED                 1            19,000
SIMON PPTY GROUP INC NEW                                               DEFINED                 1             4,500
SL GREEN RLTY CORP                                                     DEFINED                 1             9,000
SOVRAN SELF STORAGE INC                                                DEFINED                 1            14,000
TAUBMAN CTRS INC                                                       DEFINED                 1             5,300
UDR INC                                                                DEFINED                 1            25,000
UNITED PARCEL SERVICE INC                                              DEFINED                 1             3,000
VENTAS INC                                                             DEFINED                 1             9,000
VORNADO RLTY TR                                                        DEFINED                 1             7,000
WAL MART STORES INC                                                    DEFINED                 1             3,800
WEINGARTEN RLTY INVS                                                   DEFINED                 1            15,000
WELLS FARGO & CO NEW                                                   DEFINED                 1             6,000
3M CO                                                                  DEFINED                 2            20,000
ABBOTT LABS                                                            DEFINED                 2            30,000
ACE LTD                                                                DEFINED                 2            20,000
ALTRIA GROUP INC                                                       DEFINED                 2            30,000
AMGEN INC                                                              DEFINED                 2            12,100
ANALOG DEVICES INC                                                     DEFINED                 2            23,000
ANNALY CAP MGMT INC                                                    DEFINED                 2            53,400
AT^T INC                                                               DEFINED                 2            45,000
AVON PRODS INC                                                         DEFINED                 2            50,000
BARRICK GOLD CORP                                                      DEFINED                 2            17,900
BAXTER INTL INC                                                        DEFINED                 2            15,700
BECTON DICKINSON & CO                                                  DEFINED                 2            10,700
BRISTOL MYERS SQUIBB CO                                                DEFINED                 2            55,000
CAMPBELL SOUP CO                                                       DEFINED                 2            25,000
CARNIVAL CORP                                                          DEFINED                 2            23,800
CHEVRON CORP NEW                                                       DEFINED                 2             7,200
CISCO SYS INC                                                          DEFINED                 2            41,300
CLOROX CO DEL                                                          DEFINED                 2            11,700
COCA COLA CO                                                           DEFINED                 2            15,000
CONOCOPHILLIPS                                                         DEFINED                 2            11,000
CSX CORP                                                               DEFINED                 2            34,100
DOVER CORP                                                             DEFINED                 2            13,500
DOW CHEM CO                                                            DEFINED                 2            20,000
DU PONT E I DE NEMOURS & CO                                            DEFINED                 2            20,000
EMERSON ELEC CO                                                        DEFINED                 2            20,000
ENERGY TRANSFER PRTNRS L P                                             DEFINED                 2            39,000
ENTERGY CORP NEW                                                       DEFINED                 2            11,000
ENTERPRISE PRODS PARTNERS L                                            DEFINED                 2            20,000
EXELON CORP                                                            DEFINED                 2            17,000
EXXON MOBIL CORP                                                       DEFINED                 2            10,000
FIRSTENERGY CORP                                                       DEFINED                 2            18,600
GENERAL ELECTRIC CO                                                    DEFINED                 2           111,900
GOLDCORP INC NEW                                                       DEFINED                 2            18,000
HEINZ H J CO                                                           DEFINED                 2            17,100
HEWLETT PACKARD CO                                                     DEFINED                 2            25,000
HONEYWELL INTL INC                                                     DEFINED                 2            25,000
INTEL CORP                                                             DEFINED                 2            71,100
INTERNATIONAL BUSINESS MACHS                                           DEFINED                 2             2,000
INVESCO LTD                                                            DEFINED                 2            20,000
INVESCO MORTGAGE CAPITAL INC                                           DEFINED                 2            61,000
ISHARES TR                                                             DEFINED                 2            15,000
ITT CORP NEW                                                           DEFINED                 2            38,600
JOHNSON & JOHNSON                                                      DEFINED                 2            23,100
JPMORGAN CHASE & CO                                                    DEFINED                 2            36,800
KELLOGG CO                                                             DEFINED                 2            15,600
KIMBERLY CLARK CORP                                                    DEFINED                 2            12,500
KONINKLIJKE PHILIPS ELECTRS                                            DEFINED                 2            39,300
KRAFT FOODS INC                                                        DEFINED                 2            10,000
KROGER CO                                                              DEFINED                 2            32,300
LENDER PROCESSING SVCS INC                                             DEFINED                 2            40,000
LIMITED BRANDS INC                                                     DEFINED                 2            54,000
MATTEL INC                                                             DEFINED                 2            25,000
MCDONALDS CORP                                                         DEFINED                 2             9,000
MEDTRONIC INC                                                          DEFINED                 2            20,200
MERCK & CO INC NEW                                                     DEFINED                 2            40,300
METLIFE INC                                                            DEFINED                 2            40,000
MFA FINANCIAL INC                                                      DEFINED                 2           150,000
MICROCHIP TECHNOLOGY INC                                               DEFINED                 2            35,000
MICROSOFT CORP                                                         DEFINED                 2            30,000
MOLSON COORS BREWING CO                                                DEFINED                 2            16,000
NEWMONT MINING CORP                                                    DEFINED                 2            14,500
NOKIA CORP                                                             DEFINED                 2           115,000
NORDIC AMERICAN TANKERS LIMI                                           DEFINED                 2            15,000
NYSE EURONEXT                                                          DEFINED                 2            15,000
OCCIDENTAL PETE CORP DEL                                               DEFINED                 2             8,160
PACCAR INC                                                             DEFINED                 2            19,600
PARKER HANNIFIN CORP                                                   DEFINED                 2            10,100
PAYCHEX INC                                                            DEFINED                 2            10,000
PEOPLES UNITED FINANCIAL INC                                           DEFINED                 2            60,000
PEPSICO INC                                                            DEFINED                 2            10,000
PFIZER INC                                                             DEFINED                 2           116,200
PG^E CORP                                                              DEFINED                 2            19,100
PHILIP MORRIS INTL INC                                                 DEFINED                 2            10,000
PPG INDS INC                                                           DEFINED                 2            10,000
PROCTER & GAMBLE CO                                                    DEFINED                 2            12,000
QUALCOMM INC                                                           DEFINED                 2            10,000
ROCKWELL AUTOMATION INC                                                DEFINED                 2            10,700
SANOFI                                                                 DEFINED                 2            21,900
SOLAR CAP LTD                                                          DEFINED                 2            39,355
SOUTHERN CO                                                            DEFINED                 2            65,000
SPDR SERIES TRUST                                                      DEFINED                 2            65,000
STAPLES INC                                                            DEFINED                 2            53,200
STMICROELECTRONICS N V                                                 DEFINED                 2           127,300
TARGET CORP                                                            DEFINED                 2            16,000
TIME WARNER INC                                                        DEFINED                 2            21,400
UNITED TECHNOLOGIES CORP                                               DEFINED                 2            10,000
VERIZON COMMUNICATIONS INC                                             DEFINED                 2            35,000
VODAFONE GROUP PLC NEW                                                 DEFINED                 2            20,000
WASTE MGMT INC DEL                                                     DEFINED                 2            15,000
WESTERN UN CO                                                          DEFINED                 2            42,900