Quarterly Returns - Preferreds

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SUPPLEMENTAL INFORMATION
CARR & ASSOCIATES
CONVERTIBLE PREFERRED PERFORMANCE

Quarter

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2
Carr 1 11.22 -0.02 -4.67 3.25 2.96 2.18 4.32 1.50 5.40 1.32 -3.77
Convertible 2 -2.38 9.82 8.66 4.67 -3.23 8.94 -1.34 3.96 -2.28 2.15
Preferreds 3 -6.66 -2.98 1.05 -2.02 -8.94 3.25 0.59 3.59 2.38 -1.71
Subset 4 5.21 1.27 2.07 8.06 7.18 7.91 5.44 -1.15 6.30 -6.06
ARR 6.62 7.88 6.85 14.42 -2.76 24.02 9.15 8.05 12.11 -4.43
Accounts 1 2      5.58 3      3 3 3 3 3 3 3 2
In 2 2      2     

3     

3 3 3 3 3 3 3
Preferreds 3 2      3      3      3 3 3 3 3 3 3
Subset 4 2      3      3      3 3 3 3 3 3 3
Assets in 1 3.97 2.94 3.55 3.94 3.56 2.51 2.85 2.36 2.49 2.08 2.08
Preferreds 2 3.86 3.17 3.85 4.71 3.43 2.73 2.70 2.45 2.42 2.28 2.28
Subset 3 3.59 3.84 3.87 4.60 3.12 2.81 2.64 2.49 2.43 2.24 2.24
($ Millions) 4 2.99 3.83 3.91 4.93 2.46 2.83 2.71 2.45 2.59 2.10 2.10
Assets In 1 15.89 12.87 16.58 15.94 10.05 5.70 5.99 9.62 4.42 4.38 4.38
Preferreds 2 12.49 15.34 18.09 15.77 9.14 5.73 5.45 4.00 4.61 5.14 5.14
Subset as 3 13.05 18.47 17.17 14.78 7.88 6.26 11.95 3.33 4.62 5.13 5.13
% of Total 4 11.69 18.33 16.50 14.48 5.93 6.75 11.00 4.35 4.92 5.58 * 5.58
*Total firm assets in the fourth quarter of 2007 and the first quarter of 2008 represent the assets of the Carr & Associates division of Dumont & Blake Investment Advisors, LLC
Please note that Carr & Associates is not currently accepting new convertible preferred accounts due to a lack of investment offerings sufficient to provide adequate diversification.

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