fp0011881_nq.htm
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM N-Q
 
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY
 
Investment Company Act file number 811-22066                                 
 
Cornerstone Progressive Return Fund
(Exact name of registrant as specified in charter)
 
 
7 Dawson Street     Huntington Station, New York
11746
(Address of principal executive offices)
(Zip code)
 
Frank J. Maresca

AST Fund Solutions, LLC     48 Wall Street   New York, NY 10005
(Name and address of agent for service)
 
Registrant's telephone number, including area code: (866) 668-6558                            
 
Date of fiscal year end: December 31                               
 
Date of reporting period: September 30, 2014                    
 
 
 
 
 
Item 1. Schedule of Investments.
 
CORNERSTONE PROGRESSIVE RETURN FUND
SCHEDULE OF INVESTMENTS - SEPTEMBER 30, 2014 (Unaudited)
 
Description
   
No. of
Shares
    
Value
  
EQUITY SECURITIES - 95.88%
  
CLOSED-END FUNDS - 70.99%
  
CONVERTIBLE SECURITIES - 0.45%
  
AllianzGI Equity & Convertible Income Fund
     61,912     $ 1,230,191  
                 
CORE - 5.12%
  
Adams Express Company (The)
     294,662       4,107,588  
Advent/Claymore Enhanced Growth & Income Fund
     14,710       139,598  
General American Investors Company, Inc.
     92,121       3,413,083  
Guggenheim Equal Weight Enhanced Equity Income Fund
     76,345       1,509,341  
Liberty All-Star Equity Fund
     385,887       2,249,721  
Source Capital, Inc.
     9,555       620,979  
Tri-Continental Corporation
     89,526       1,868,408  
              13,908,718  
CORPORATE DEBT INVESTMENT GRADE-RATED - 0.00%
  
Cutwater Select Income Fund
     1       27  
                 
DEVELOPED MARKET - 0.73%
  
Aberdeen Australia Equity Fund, Inc.
     78,855       615,858  
Aberdeen Israel Fund, Inc.
     536       9,294  
Aberdeen Singapore Fund, Inc.
     27,892       346,419  
New Ireland Fund, Inc. (The)
     27,520       348,678  
Swiss Helvetia Fund, Inc. (The)
     48,739       659,439  
              1,979,688  
EMERGING MARKETS - 2.10%
  
Aberdeen Chile Fund, Inc.
     43,688       374,406  
Central Europe, Russia and Turkey Fund, Inc. (The)
     5,890       146,072  
First Trust/Aberdeen Emerging Opportunity Fund
     34,215       608,685  
Morgan Stanley India Investment Fund, Inc. *
     59,108       1,470,607  
Templeton Emerging Markets Fund
     14,113       250,365  
Templeton Russia and East European Fund, Inc.
     24,175       304,605  
Turkish Investment Fund, Inc. (The)
     31,087       324,237  
Voya Emerging Markets High Dividend Equity Fund
     188,122       2,219,840  
              5,698,817  
EMERGING MARKETS DEBT - 0.26%
  
Global High Income Fund Inc.
     49,761       480,691  
Western Asset Emerging Markets Debt Fund Inc.
     13,139       224,808  
              705,499  
FLEXIBLE INCOME - 0.37%
  
MFS Charter Income Trust
     114,139       1,011,272  
                 
ENERGY MLP - 9.83%
  
ClearBridge Energy MLP Fund Inc.
     156,544       4,364,447  
ClearBridge Energy MLP Opportunity Fund Inc.
     247,426       6,037,194  
ClearBridge Energy MLP Total Return Fund Inc.
     272,606       6,280,842  
Fiduciary/Claymore MLP Opportunity Fund
     46,258       1,311,877  
First Trust MLP and Energy Income Fund
     135,192       2,889,053  
Nuveen Energy MLP Total Return Fund
     263,725       5,830,960  
              26,714,373  
 
See accompanying notes to schedule of investments.
 
 
 
 
 
CORNERSTONE PROGRESSIVE RETURN FUND
SCHEDULE OF INVESTMENTS - SEPTEMBER 30, 2014 (Unaudited)
 
Description
    
No. of
Shares
       
Value
  
GENERAL & INSURED LEVERAGED - 3.30%
  
BlackRock MuniEnhanced Fund, Inc.
     4,400     $ 49,280  
BlackRock MuniHoldings Fund, Inc.
     1,100       17,710  
BlackRock MuniHoldings Investment Quality Fund
     4,700       65,330  
BlackRock MuniHoldings Quality Fund II, Inc.
     96,305       1,278,930  
BlackRock MuniYield Quality Fund III, Inc.
     7,000       95,970  
Eaton Vance Tax-Advantaged Bond and Option Strategies Fund
     61,136       863,240  
Invesco Advantage Municipal Income Trust II
     133,008       1,513,631  
Invesco Municipal Opportunity Trust
     50,199       628,993  
Invesco Municipal Trust
     31,550       395,953  
Invesco Trust for Investment Grade Municipals
     122,922       1,611,507  
Invesco Value Municipal Income Trust
     0       7  
Managed Duration Investment Grade Municipal Fund
     1,582       21,167  
MFS Investment Grade Municipal Trust
     28,806       263,287  
Nuveen Dividend Advantage Municipal Fund 3
     89,592       1,224,723  
Nuveen Dividend Advantage Municipal Income Fund
     19,719       278,235  
Nuveen Quality Municipal Fund, Inc.
     5,671       73,383  
Nuveen Select Quality Municipal Fund, Inc.
     37,570       513,582  
Western Asset Managed Municipals Fund Inc.
     4,749       62,117  
              8,957,045  
GENERAL BOND - 0.29%
  
Deutsche Multi-Market Income Trust
     23,093       204,604  
MFS Multimarket Income Trust
     91,451       587,115  
              791,719  
GLOBAL - 6.92%
  
Alpine Global Dynamic Dividend Fund
     200,705       1,984,972  
Alpine Global Total Dynamic Dividend Fund
     945,029       8,042,197  
Clough Global Allocation Fund
     7,402       105,915  
Clough Global Opportunities Fund
     24,616       293,669  
Delaware Enhanced Global Dividend and Income Fund
     172,572       2,072,590  
Gabelli Global Utility & Income Trust (The)
     34,971       671,093  
GDL Fund (The)
     83,098       875,853  
Nuveen Global Value Opportunities Fund
     116,712       1,559,272  
Virtus Total Return Fund
     124,984       581,176  
Wells Fargo Advantage Global Dividend Opportunity Fund
     325,819       2,613,068  
              18,799,805  
GLOBAL INCOME - 0.75%
  
Legg Mason BW Global Income Opportunities Fund Inc.
     89,421       1,513,003  
Nuveen Global Income Opportunities Fund
     41,772       516,302  
Templeton Global Income Fund
     2,432       19,334  
              2,048,639  
HIGH CURRENT YIELD (LEVERAGED) - 2.66%
  
AllianceBernstein Global High Income Fund, Inc.
     112,427       1,529,007  
BlackRock Corporate High Yield Fund VI, Inc.
     246,309       2,913,835  
BlackRock Debt Strategies Fund, Inc.
     13,834       52,846  
Deutsche High Income Opportunities Fund, Inc.
     96,489       1,412,599  
Deutsche High Income Trust
     70,126       626,926  
Franklin Universal Trust
     54,476       383,511  
Invesco High Income Trust II
     10,684       166,243  
MFS Intermediate High Income Fund
     38,669       105,180  
Neuberger Berman High Yield Strategies Fund Inc.
     3,793       48,968  
              7,239,115  
 
See accompanying notes to schedule of investments.
 
 
 
 
 
CORNERSTONE PROGRESSIVE RETURN FUND
SCHEDULE OF INVESTMENTS - SEPTEMBER 30, 2014 (Unaudited)
 
Description  
No. of
Shares
     
Value
  
HIGH YIELD - 0.59%
  
Credit Suisse Asset Management Income Fund, Inc.
     2,200     $ 7,524  
First Trust High Income Long/Short Fund
     46,839       800,479  
Western Asset High Income Opportunity Fund Inc.
     7,797       45,145  
Western Asset High Yield Defined Opportunity Fund Inc.
     32,648       542,283  
Western Asset Managed High Income Fund Inc.
     37,498       207,364  
              1,602,795  
HIGH YIELD MUNICIPAL DEBT - 0.23%
  
MFS High Income Municipal Trust
     83,247       395,423  
MFS High Yield Municipal Trust
     11,000       47,630  
MFS Municipal Income Trust
     22,981       150,526  
Putnam Managed Municipal Income Trust
     3,400       24,072  
              617,651  
INCOME & PREFERRED STOCK - 1.11%
  
John Hancock Premium Dividend Fund
     70,356       925,181  
LMP Capital and Income Fund Inc.
     78,074       1,320,231  
Nuveen Quality Preferred Income Fund 3
     92,642       775,414  
              3,020,826  
INTERMEDIATE MUNICIPAL DEBT - 0.02%
  
BlackRock Muni Intermediate Duration Fund, Inc.
     3,680       53,250  
                 
LOAN PARTICIPATION - 5.99%
  
Apollo Senior Floating Rate Fund Inc.
     2,500       42,750  
BlackRock Floating Rate Income Strategies Fund, Inc
     37,775       531,116  
Blackstone / GSO Senior Floating Rate Term Fund
     47,163       809,789  
Eaton Vance Floating-Rate Income Trust
     166,601       2,427,377  
Eaton Vance Senior Floating-Rate Trust
     57,668       829,842  
Eaton Vance Senior Income Trust
     15,365       100,026  
First Trust Senior Floating Rate Income Fund II
     61,356       831,987  
Invesco Senior Income Trust
     262,058       1,244,776  
LMP Corporate Loan Fund Inc.
     11,943       137,942  
Nuveen Credit Strategies Income Fund
     571,540       5,103,852  
Nuveen Floating Rate Income Fund
     101,995       1,151,524  
Nuveen Senior Income Fund
     145,617       974,178  
Nuveen Short Duration Credit Opportunities Fund
     2,000       34,240  
Voya Prime Rate Trust
     372,888       2,050,884  
              16,270,283  
NATURAL RESOURCES - 6.51%
  
BlackRock Energy and Resources Trust
     42,525       1,017,198  
BlackRock Real Asset Equity Trust
     597,924       5,064,416  
BlackRock Resources & Commodities Strategy Trust
     463,946       5,210,114  
First Trust Energy Income and Growth Fund
     18,799       691,427  
First Trust Energy Infrastructure Fund
     55,059       1,313,708  
Petroleum & Resources Corporation
     120,143       3,460,118  
Voya Natural Resources Equity Income Fund
     89,410       926,288  
              17,683,269  
 
See accompanying notes to schedule of investments.
 
 
 
 
 
CORNERSTONE PROGRESSIVE RETURN FUND
SCHEDULE OF INVESTMENTS - SEPTEMBER 30, 2014 (Unaudited)
 
Description  
No. of
Shares
     
Value
  
OPTION ARBITRAGE/OPTIONS STRATEGIES - 2.99%
  
BlackRock Global Opportunities Equity Trust
     250,786     $ 3,538,590  
BlackRock International Growth and Income Trust
     445,042       3,351,166  
Voya Asia Pacific High Dividend Equity Income Fund
     52,883       668,441  
Voya Global Advantage and Premium Opportunity Fund
     45,183       555,751  
              8,113,948  
PACIFIC EX JAPAN - 1.65%
  
Aberdeen Greater China Fund, Inc.
     89,927       927,147  
China Fund, Inc. (The)
     117,190       2,446,927  
Morgan Stanley Thai Fund, Inc.
     61,771       759,166  
Taiwan Fund, Inc. *
     18,973       356,692  
              4,489,932  
REAL ESTATE - 12.34%
  
Alpine Global Premier Properties Fund
     569,304       3,911,118  
CBRE Clarion Global Real Estate Income Fund
     652,019       5,463,919  
Cohen & Steers Preferred Securities and Income Fund, Inc.
     522,978       9,136,426  
Cohen & Steers Quality Income Realty Fund, Inc.
     542,870       5,770,708  
Cohen & Steers Total Return Realty Fund, Inc.
     150,884       1,803,064  
LMP Real Estate Income Fund Inc.
     129,383       1,452,971  
Neuberger Berman Real Estate Securities Income Fund Inc.
     551,451       2,657,994  
Nuveen Diversified Dividend and Income Fund
     105,519       1,228,241  
Nuveen Real Estate Income Fund
     82,932       871,615  
RMR Real Estate Income Fund
     66,558       1,254,617  
              33,550,673  
SECTOR EQUITY - 1.52%
  
Gabelli Healthcare & WellnessRx Trust (The)
     40,034       396,737  
GAMCO Natural Resources, Gold & Income Trust by Gabelli
     104,185       1,015,804  
H&Q Healthcare Investors
     28,667       814,143  
John Hancock Financial Opportunities Fund 
     85,216       1,893,500  
              4,120,184  
U.S. MORTGAGE - 0.24%
  
First Trust Mortgage Income Fund
     30,626       462,453  
Nuveen Mortgage Opportunity Term Fund 2
     8,278       192,795  
              655,248  
UTILITY - 5.02%
  
BlackRock EcoSolutions Investment Trust
     127,519       972,970  
BlackRock Utility and Infrastructure Trust
     133,645       2,674,236  
Brookfield Global Listed Infrastructure Income Fund Inc.
     87,960       2,049,468  
Cohen & Steers Infrastructure Fund, Inc.
     101,864       2,358,152  
Duff & Phelps Global Utility Income Fund Inc.
     161,784       3,441,146  
Reaves Utility Income Fund
     74,322       2,157,568  
              13,653,540  
                 
TOTAL CLOSED-END FUNDS
             192,916,507  
                 
CONSUMER DISCRETIONARY - 2.30%
                
Comcast Corporation - Class A
     31,358       1,686,433  
DIRECTV *
     4,000       346,080  
Ford Motor Company
     30,000       443,700  
Johnson Controls, Inc.
     7,000       308,000  
Macy's, Inc.
     4,000       232,720  
Time Warner Cable Inc.
     2,000       286,980  
Time Warner Inc.
     12,000       902,520  
Walt Disney Company (The)
     23,000       2,047,690  
              6,254,123  
 
See accompanying notes to schedule of investments.
 
 
 
 
 
CORNERSTONE PROGRESSIVE RETURN FUND
SCHEDULE OF INVESTMENTS - SEPTEMBER 30, 2014 (Unaudited)
 
Description  
No. of
Shares
     
Value
  
CONSUMER STAPLES - 1.10%
            
Archer-Daniels-Midland Company
     4,000     $ 204,400  
CVS Caremark Corporation
     18,000       1,432,620  
Kroger Co. (The)
     8,000       416,000  
PepsiCo, Inc.
     10,000       930,900  
              2,983,920  
ENERGY - 1.90%
                
ConocoPhillips
     8,000       612,160  
Devon Energy Corporation
     6,000       409,080  
EOG Resources, Inc.
     8,000       792,160  
Halliburton Company
     8,000       516,080  
Kinder Morgan, Inc.
     12,000       460,080  
Marathon Oil Corporation
     9,000       338,310  
Schlumberger Limited
     20,000       2,033,800  
              5,161,670  
EXCHANGE-TRADED FUNDS - 6.25%
                
iShares Core S&P 500 ETF
     43,000       8,525,180  
SPDR S&P 500 ETF Trust
     43,000       8,471,860  
              16,997,040  
FINANCIALS - 3.01%
                
Allstate Corporation (The)
     4,000       245,480  
American International Group, Inc.
     8,000       432,160  
Bank of America Corporation
     30,000       511,500  
Bank of New York Mellon Corporation (The)
     6,000       232,380  
BB&T Corporation
     5,000       186,050  
BlackRock, Inc. - Class A
     2,000       656,640  
JPMorgan Chase & Co.
     20,000       1,204,800  
Marsh & McLennan Companies, Inc.
     4,000       209,360  
MetLife, Inc.
     9,000       483,480  
Morgan Stanley
     16,000       553,120  
Prudential Financial, Inc.
     4,000       351,760  
Wells Fargo & Company
     60,000       3,112,200  
              8,178,930  
HEALTH CARE - 2.33%
                
Abbott Laboratories
     13,000       540,670  
AbbVie Inc.
     3,000       173,280  
Actavis plc *
     2,000       482,560  
Aetna Inc.
     6,000       486,000  
Allergan, Inc.
     2,500       445,475  
Baxter International
     7,000       502,390  
Boston Scientific Corporation *
     2,000       23,620  
Cardinal Health, Inc.
     6,000       449,520  
Gilead Sciences, Inc. *
     14,000       1,490,300  
McKesson Corporation
     3,000       584,010  
Thermo Fisher Scientific Inc.
     5,000       608,500  
Wellpoint, Inc.
     4,500       538,290  
              6,324,615  
 
See accompanying notes to schedule of investments.
 
 
 
 
 
CORNERSTONE PROGRESSIVE RETURN FUND
SCHEDULE OF INVESTMENTS - SEPTEMBER 30, 2014 (Unaudited)
 
Description  
No. of
Shares
     
Value
  
INDUSTRIALS - 1.72%
            
Deere & Company
     3,000     $ 245,970  
Delta Air Lines, Inc.
     9,000       325,350  
General Dynamics Corporation
     3,000       381,270  
General Electric Company
     90,000       2,305,800  
Lockheed Martin Corporation
     3,000       548,340  
Union Pacific Corporation
     8,000       867,360  
              4,674,090  
INFORMATION TECHNOLOGY - 4.58%
                
Apple Inc.
     49,000       4,936,750  
Cisco Systems, Inc.
     30,000       755,100  
Corning, Inc.
     9,000       174,060  
Hewlett-Packard Company
     12,400       439,828  
Intel Corporation
     20,000       696,400  
International Business Machines Corporation
     8,000       1,518,640  
Microsoft Corporation
     22,000       1,019,920  
Oracle Corporation
     40,000       1,531,200  
QUALCOMM Incorporated
     14,500       1,084,165  
Yahoo! Inc. *
     7,000       285,250  
              12,441,313  
MATERIALS - 0.60%
                
Dow Chemical Company (The)
     14,500       760,380  
LyondellBasell Industries N.V.
     8,000       869,280  
              1,629,660  
TELECOMMUNICATION SERVICES - 1.01%
                
Verizon Communications, Inc.
     55,000       2,749,450  
                 
UTILITIES - 0.09%
                
Exelon Corporation
     7,000       238,630  
                 
TOTAL EQUITY SECURITIES (cost - $250,133,600)
             260,549,948  
                 
SHORT-TERM INVESTMENTS - 4.02%
                
MONEY MARKET FUNDS - 4.02%
                
Fidelity Institutional Money Market Government Portfolio - Class I, 0.01%^ (cost - $10,934,068)
     10,934,068       10,934,068  
                 
TOTAL INVESTMENTS - 99.90% (cost - $261,067,668)
             271,484,016  
                 
OTHER ASSETS IN EXCESS OF LIABILITIES - 0.10%
             283,523  
                 
NET ASSETS - 100.00%
           $ 271,767,539  
 
*
Non-income producing security.
^
The rate shown is the 7-day effective yield as of September 30, 2014.
 
See accompanying notes to schedule of investments.
 
 
 
 
 
CORNERSTONE PROGRESSIVE RETURN FUND
NOTES TO SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2014 (UNAUDITED)
 
Federal Income Tax Cost: The following information is computed on a tax basis for each item as of September 30, 2014:
 
Cost of portfolio investments
   $ 261,069,090  
Gross unrealized appreciation
   $ 14,522,612  
Gross unrealized depreciation
     (4,107,686 )
Net unrealized appreciation
   $ 10,414,926  
 
The difference between the federal income tax cost of portfolio investments and the Schedule of Investments cost for the Fund is due to certain timing differences in the recognition of capital gains or losses under income tax regulations and generally accepted accounting principles. These "book/tax" differences are temporary in nature and are due to the tax deferral of losses on wash sales.
 
As required by the Fair Value Measurement and Disclosures Topic of the Financial Accounting Standards Board ("FASB") Accounting Standards Codification, the Fund has performed an analysis of all assets and liabilities measured at fair value to determine the significance and character of all inputs to their fair value determination.
 
The fair value hierarchy prioritizes the inputs to valuation techniques used to measure fair value into the following three broad categories.
 
·
Level 1 - quoted unadjusted prices for identical instruments in active markets to which the Fund has access at the date of measurement.
 
·
Level 2 - quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations in which all significant inputs and significant value drivers are observable in active markets. Level 2 inputs are those in markets for which there are few transactions, the prices are not current, little public information exists or instances where prices vary substantially over time or among brokered market makers.
 
·
Level 3 - model derived valuations in which one or more significant inputs or significant value drivers are unobservable. Unobservable inputs are those inputs that reflect the Fund's own assumptions that market participants would use to price the asset or liability based on the best available information.
 
 
 
 
 
The following is a summary of the inputs used as of September 30, 2014 in valuing the Fund's investments carried at value:
 
 
 
VALUATION INPUTS
  
INVESTMENTS
IN
SECURITIES
    
OTHER FINANCIAL INSTRUMENTS*
  
             
Level 1 – Quoted Prices
            
   Equity Investments
   $ 260,549,948     $ -  
   Short-Term Investments
     10,934,068       -  
Level 2 – Other Significant Observable Inputs
     -       -  
Level 3 – Significant Unobservable Inputs
     -       -  
Total
   $ 271,484,016     $ -  

*
Other financial instruments include futures, forwards and swap contracts, if any.

The breakdown of the Fund's investments into major categories is disclosed in its Schedule of Investments.
 
As of September 30, 2014, the Fund did not have any transfers in and out of any Level.
 
The Fund did not have any assets or liabilities that were measured at fair value on a recurring basis using significant unobservable inputs (Level 3) at September 30, 2014.
 
The Fund is exposed to financial market risks, including the valuations of its investment portfolio. During the six months ended September 30, 2014, the Fund did not engage in derivative instruments and other hedging activities.
 
The Fund has evaluated the need for additional disclosures and/or adjustments resulting through the date its financial statements were issued. Based on this evaluation, no additional disclosures or adjustments were required to such Schedule of Investments.
 
Securities valuation policies and other investment related disclosures are hereby incorporated by reference to the Fund's semi-annual report previously filed with the Securities and Exchange Commission on the Form N-CSR on September 2, 2014 with a file number 811-22066.
 
Other information regarding the Fund is available in the Fund’s most recent semi-annual report. This information is also available on the Fund’s website at www.cornerstoneprogressivereturnfund.com; or on the website of the Securities and Exchange Commission at www.sec.gov.
 
 
 
 
 
Item 2. Controls and Procedures.
 
(a) Based on their evaluation of the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) as of a date within 90 days of the filing date of this report, the registrant’s principal executive officer and principal financial officer have concluded that such disclosure controls and procedures are reasonably designed and are operating effectively to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to them by others within those entities, particularly during the period in which this report is being prepared, and that such information is recorded, processed, summarized, and reported on a timely basis.
 
(b) There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) that occurred during the registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.
 
Item 3. Exhibits.
 
File as exhibits as part of this Form a separate certification for each principal executive officer and principal financial officer of the registrant as required by Rule 30a-2(a) under the Act (17 CFR 270.30a-2(a)): Attached hereto
 
 
 
 
 
SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
 
(Registrant) Cornerstone Progressive Return Fund               
 
By (Signature and Title)*
/s/ Ralph W. Bradshaw
 
 
 
Ralph W. Bradshaw, President and Chairman
 
 
 
(Principal Executive Officer)
 
 
 
 
 
Date
November 25, 2014
 
 
 
 
 
 
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
 
 
 
 
By (Signature and Title)*
/s/ Ralph W. Bradshaw
 
 
 
Ralph W. Bradshaw, President and Chairman
 
 
 
(Principal Executive Officer)
 
 
 
 
 
Date
November 25, 2014
 
 
 
 
 
 
By (Signature and Title)*
/s/ Frank J. Maresca
 
 
 
Frank J. Maresca, Treasurer
(Principal Financial Officer)
 
 
 
 
Date
November 25, 2014
 
 
 
*
Print the name and title of each signing officer under his or her signature.