-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, H7NRvl+Ip9HN6zclY+lKY6IyBN9d7fXqhAKrdb3gBHnYT15I1IxrOS6RTKBpnvt9 7zmGZE0KfywxX4DumPUbnQ== 0000950123-08-014419.txt : 20081105 0000950123-08-014419.hdr.sgml : 20081105 20081105111823 ACCESSION NUMBER: 0000950123-08-014419 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20080930 FILED AS OF DATE: 20081105 DATE AS OF CHANGE: 20081105 EFFECTIVENESS DATE: 20081105 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SCHAFER CULLEN CAPITAL MANAGEMENT INC CENTRAL INDEX KEY: 0001056593 IRS NUMBER: 133089070 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-04691 FILM NUMBER: 081162815 BUSINESS ADDRESS: STREET 1: 645 FIFTH AVE CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2126441800 MAIL ADDRESS: STREET 1: 645 FIFTH AVE CITY: NEW YORK STATE: NY ZIP: 10022 13F-HR 1 y72367ae13fvhr.txt 13F-HR OMB APPROVAL OMB Number: 3235-0006 Expires: December 31, 2006 Estimated average burden hours per response....22.8 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 FORM 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: 9.30.2008 --------- Check here if Amendment |_|: Amendment Number: __________ This Amendment (Check only one.): |_| is a restatement. |_| adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Schafer Cullen Capital Management, Inc. --------------------------------------- Address: 645 Fifth Ave. ------------------------ New York, New York 10022 ------------------------ Form 13F File Number: 28-04691 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: James P. Cullen --------------- Title: President --------------- Phone: (212) 644-1800 -------------- Signature, Place, and Date of Signing: /s/ James P. Cullen New York, New York 11.3.2008 - ------------------- ------------------ --------- (Signature) (City, State) (Date) Report Type (Check only one.): |X| 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) |_| 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) |_| 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 --------------------------- Form 13F Information Table Entry Total: 233 --------------------------- Form 13F Information Table Value Total: 2,935,634 --------------------------- (thousands) SCHAFER CULLEN CAPITAL MANAGEMENT, INC. FORM 13F SEPTEMBER 30, 2008
TITLE VOTING AUTHORITY OF VALUE SHARES/PRN SH / PUT/ INVSTMT OTHER ------------------------- NAME OF ISSUER CLASS CUSIP (X$1000) AMT PRN CALL DSCRETN MGRS SOLE SHARED NONE - -------------- ----- --------- -------- ---------- ---- ---- ------- ----- --------- ------ ------ 3M Company COM 88579Y101 6,800 99,540 SH SOLE 99,540 Allied Capital Corp. COM 01903Q108 42,087 3,874,859 SH SOLE 3,802,633 72,226 Allstate Corp. COM 020002101 4,667 101,202 SH SOLE 101,202 Altria Group Inc COM 02209S103 77,677 3,917,235 SH SOLE 3,865,974 51,261 America Movil S.A.B. De C.V. COM 02364W105 19 410 SH SOLE 410 American Capital Ltd. COM 02503Y103 199 7,800 SH SOLE 7,800 Ameron International Corp. COM 030710107 2,114 29,500 SH SOLE 29,500 Anadarko Petroleum Corp. COM 032511107 5,048 104,065 SH SOLE 104,066 Anglo American Pic (Adr) COM 03485P201 3,698 221,034 SH SOLE 221,034 Apache Corp. COM 037411105 536 5,140 SH SOLE 5,140 Apollo Investment Corp. COM 03761U106 1,486 87,163 SH SOLE 87,163 Apple COM 037833100 40 350 SH SOLE 350 Arrow COM 042735100 5,127 196,530 SH SOLE 195,530 Astrazeneca Pic (Adr) COM 046353108 77,253 1,712,841 SH SOLE 1,689,830 23,011 AT&T Inc. COM 00206R102 87,329 3,142,207 SH SOLE 3,097,974 44,233 Australia & New Zealand Bkg. G COM 052528304 2,650 170,940 SH SOLE 170,940 Avnet Inc. COM 053807103 2,031 82,449 SH SOLE 82,449 Bank Of America Corp COM 060505104 80,140 2,307,335 SH SOLE 2,265,729 41,606 Bank Of New York COM 064058100 1,761 54,054 SH SOLE 54,054 Bank Of The Ozarks COM 063904106 1,102 40,810 SH SOLE 40,810 Barclays Plc-Spons Adr COM 06738E204 6,543 264,908 SH SOLE 264,908 Baxter Intn'L COM 071813109 1,480 22,550 SH SOLE 22,550 Bee Inc. COM 05534B760 372 10,721 SH SOLE 10,721 Beckman Coulter Inc COM 075811109 1,520 21,410 SH SOLE 21,410 Berry Petroleum Co COM 085789105 1,856 47,920 SH SOLE 47,920 Boeing Co COM 097023105 261 4,554 SH SOLE 4,554 Borg Warner Inc. COM 099724106 6,445 257,714 SH SOLE 257,714 Boyd Gaming Corp. COM 103304101 205 21,950 SH SOLE 21,950 Bp Pic (Adr) COM 055622104 88,034 1,757,489 SH SOLE 1,732,441 25,048 Bristol Meyers COM 110122108 87,672 4,288,973 SH SOLE 4,225,640 63,333 British American Tob-Sp Adr COM 110448107 10,404 167,925 SH SOLE 167,925 Cabela's Inc COM 126804301 339 28,100 SH SOLE 28,100 Cadbury Pic (Adr) COM 12721E102 283 6,918 SH SOLE 6,918 Calloway Real Estate Investmen COM 131253205 6,181 354,530 SH SOLE 354,530 Cameco Corp COM 13321L108 585 26,204 SH SOLE 26,204 Canadian National COM 136375102 8,033 167,955 SH SOLE 167,955 Canadian Pacific Ltd COM 13645T100 3,025 56,160 SH SOLE 56,160 Cbrl Group Inc. COM 12489V106 860 32,690 SH SOLE 32,690 Cemax S.A.B. De C.V. (Adr) COM 151290889 59,470 3,502,621 SH SOLE 3,428,702 73,919 Cemlg Sa -Spons Adr COM 204409601 7,310 370,312 SH SOLE 370,312 Chai-Na-Ta Corp COM 15745J205 0 1,200 SH SOLE 1,200 Chevron Corp COM 166764100 106,805 1,296,759 SH SOLE 1,281,984 14,775 China Mobile Ltd. (Adr) COM 16941M109 39 780 SH SOLE 780 Chubb Corp COM 171232101 6,097 111,050 SH SOLE 111,050 Chunghwa Telecom Ltd-Adr COM 17133Q304 9,531 402,630 SH SOLE 402,630 Cia siderurgica Nacl-Sp Adr COM 20440W105 4,110 193,315 SH SOLE 193,315 Cimarex Energy Co. COM 171798101 1,972 40,310 SH SOLE 40,310 Citigroup Inc COM 172967101 1,874 91,373 SH SOLE 91,373 Cnooc Ltd. (Adr) COM 126132109 674 5,890 SH SOLE 5,890 Community Health Systems COM 203668108 2,158 73,615 SH SOLE 73,615 Companhia De Saneamento Basico COM 20441A102 1,573 55,490 SH SOLE 55,490 Conocophilips COM 20825C104 8,080 110,305 SH SOLE 110,305 Cpfl Energia S.A. (Adr) COM 126153105 3,594 64,338 SH SOLE 64,338 Currencyshares Japanese Yen COM 23130A102 77 825 SH SOLE 825 Cytec Corp. COM 232820100 467 12,000 SH SOLE 12,000 Desarrolladora Homex S.A.B. De COM 25030W100 1,452 32,830 SH SOLE 32,830 Deutsche Lufthansa A G Sponsored Adr COM 251561304 14 1,000 SH SOLE 1,000 Deutsche Lufthansa A G Sponsored Adr COM 251561304 4,480 232,100 SH SOLE 232,100 Devon Energy Corporation COM 25179M103 566 6,420 SH SOLE 6,420 Dlageo Pic-Sponsored Adr COM 25243Q205 109,265 1,591,673 SH SOLE 1,573,362 18,311 Diamond Trust Nov 092 Call OPT 252787106 4 15 EH CALL SOLE 15 Diamonds Trust Oct08 105.00 Put OPT 252787106 4 15 SH PUT SOLE 15 Diamonds Trust Nov08 104.00 Put OPT 252787106 7 20 SH PUT SOLE 20 Diamonds Trust Unit Series 1 COM 252787106 75 900 SH SOLE 900 Dominion Resources Inc. COM 25746U109 812 16,990 SH SOLE 18,990 Dow Chemical COM 260543103 84,343 2,660,830 SH SOLE 2,621,219 39,611 Dresser Rand Group Inc COM 261608103 692 22,000 SH SOLE 22,000 Duke Energy Corp. COM 26441C105 720 41,290 SH SOLE 41,290 Dundee Real Estate COM 265270207 49 1,740 SH SOLE 1,740 Dupont De Nemours COM 263534109 6,496 161,180 SH SOLE 161,180 Embraer-Empresa Brasileiras De COM 29081M102 1,335 49,428 SH SOLE 49,428 Encana Corp COM 292505104 564 8,579 SH SOLE 8,579 Enerplus Resources Fund Trust Units Ser G COM 29274D604 8,244 221,870 SH SOLE 221,870 Eni S.P.A. (Adr) COM 26874R108 5,979 112,920 SH SOLE 112,920 Ensco Intl COM 26874Q100 530 9,200 SH SOLE 9,200 Enterprise Products Partners COM 293792107 467 18,120 SH SOLE 18,120 Fedex Corp. COM 31428X106 2,330 29,480 SH SOLE 29,480 Financial Selec Dec08 20.00 Put OPT 81369Y605 2 7 SH PUT SOLE 7 First Horizon National Corp COM 320517105 16 1,704 SH SOLE 1,704 Ford Motor Cap Tr li PFD 345395206 41,171 2,700,140 SH SOLE 2,644,500 55,640 Fpl Group Inc. COM 302571104 312 6,200 SH SOLE 6,200 France Telecom (Adr) COM 35177Q105 7,814 278,970 SH SOLE 278,970 Frontier Communications COM 35906A108 12 1,050 SH SOLE 1,050 Gafisa Sa-Adr COM 362607301 97 3,770 SH SOLE 3,770 Gazprom Oao (Adr) COM 366287207 764 24,420 SH SOLE 24,420 General Electric COM 369604103 77,453 3,055,187 SH SOLE 3,000,301 54,886 General Mills COM 370334104 2,644 38,480 SH SOLE 38,480 Genesee & Wyoming Inc. COM 371559105 2,351 62,670 SH SOLE 62,670 Genuine Parts Co. COM 372460105 89,983 2,245,728 SH SOLE 2,213,481 32,247 Glaxosmithkline Plc-Spon Adr COM 37733W105 26,399 607,715 SH SOLE 607,715 Goldman Sachs Group Inc COM 38141G104 286 2,270 SH SOLE 2,270 Gulf Finance House E.C. COM 40227Q204 10 400 SH SOLE 400 H J Heinz Co COM 423074103 987 26,940 SH SOLE 26,940 H J Heinz Co COM 423074103 115,670 2,315,064 SH SOLE 2,315,064 HCP Inc COM 40414L109 127,411 3,185,431 SH SOLE 3,149,252 36,179
SCHAFER CULLEN CAPITAL MANAGEMENT, INC. FORM 13F SEPTEMBER 30, 2008
TITLE OF VALUE SHARES/PRN SH/ PUT/ INVSTMT OTHER NAME OF ISSUER CLASS CUSIP (X$1000) AMT PRN CALL DSCRETN MGRS SOLE SHARED NONE - -------------- ----- --------- -------- ---------- ---- ---- ------- ----- --------- ------ ------ Health Care Reit Incorporated COM 42217K106 124,417 2,342,997 SH SOLE 2,317,257 25,740 Health Care Select Sector Spdr COM 81369Y209 837 27,840 SH SOLE 27,840 Hewlett Packard COM 428236103 8,572 185,378 SH SOLE 185,378 Honda Motor Co Ltd-Spons Adr COM 438128308 7,317 243,030 SH SOLE 243,030 Honeywell Inc. COM 438516106 4,744 114,173 SH SOLE 114,173 Hopewell Holdings Ltd. (Adr) COM 439555301 3,063 850,750 SH SOLE 850,750 Hsbc Holdings Plc (Adr) COM 404280406 3,121 38,609 SH SOLE 38,609 Hsbc Holdings Plc Sponsored Adr New COM 4042ep602 28 500 SH SOLE 500 Hubbell Inc. Cl B COM 443510201 805 22,980 SH SOLE 22,980 Idearc Inc COM 451663108 0 100 SH SOLE 100 Ing Groep N.V. (Adr) COM 456837103 5,312 248,214 SH SOLE 248,214 I-Shares Biotec. COM 464287556 531 6,532 SH SOLE 6,532 Ishares Ftse China 25 COM 464287184 225 6,514 SH SOLE 6,514 Ishares Msci Br Nov08 50.00 Put OPT 464286400 3 8 SH PUT SOLE 8 Ishares Msci Brazil COM 464286400 13 320 SH SOLE 320 Ishares Msci Em Nov08 34.00 Put OPT 464287234 7 20 SH PUT SOLE 20 Ishares Msci Malaysia COM 464286830 6 740 SH SOLE 740 Ishares Russell Nov08 62.00 Put OPT 464287655 6 30 SH PUT SOLE 30 Ishares Russell Oct08 68.00 Put OPT 464287655 2 7 SH PUT SOLE 7 Ishares Tr S&P Latin Amer 40 Index Fd COM 464287390 39 1,850 SH SOLE 1,850 Ishares Trust Msci Eafe Index Fund COM 464287465 55 1,400 SH SOLE 1,400 Ishares Trust Msci Emerging Markets Index Fund COM 464287234 20 1,000 SH SOLE 1,000 Ishs Rus Ind Nov 056 Call OPT 464287655 1 7 SH CALL SOLE 7 Itt Corporation COM 450911102 1,445 25,990 SH SOLE 25,990 Johnson & Johnson COM 478160104 11,113 152,077 SH SOLE 145,207 6,870 JPMorgan Chase & Co COM 46625H100 120,556 2,600,067 SH SOLE 2,572,856 27,211 KB Financial Group lnc(Adr) COM 50049M109 3,422 74,892 SH SOLE 74,892 Key Corp COM 493267108 1,457 122,060 SH SOLE 122,060 KHD Humboldt COM 482462108 326 17,000 SH SOLE 17,000 Kimberly Clark COM 494368103 102,790 1,588,076 SH SOLE 1,568,751 19,325 Kimberly-Clark De Mexico S.A. COM 494386204 2,294 112,722 SH SOLE 112,722 Kraft Foods Inc Cl A COM 50075N104 113,434 3,473,993 SH SOLE 3,434,437 39,556 KT&G Corporation 144A COM 48268G100 4,342 115,180 SH SOLE 115.180 Laboratory Corp COM 50540R409 1,612 23,200 SH SOLE 23,200 LB Foster Company COM 350060109 1,078 35,440 SH SOLE 35,440 Lilly Eli & Co. COM 532457108 99,719 2,271,473 SH SOLE 2,240,646 30,827 Lincoln Electric Holdings Inc COM 533900106 1,896 29,485 SH SOLE 29,485 Lincoln National COM 534187109 618 14,426 SH SOLE 14,426 MBIA Inc Oct08 8.00 Put OPT 55262C100 2 20 SH PUT SOLE 20 Merck & Co. COM 589331107 956 30,290 SH SOLE 30,290 Merrill Lynch & Co. COM 59018B106 1,437 56,803 SH SOLE 56,803 Metlife Inc. COM 59156R108 291 5,192 SH SOLE 5,192 Mitsubishi Ufj Financial Group COM 606822104 31 3,490 SH SOLE 3,490 Nat. Bank Of Canada COM 633067103 1,242 26,910 SH SOLE 26,910 Nestle Sa-Sponsored Adr Repstg Regd Ord (Sf 10 Par) COM 641069406 117 3,150 SH SOLE 3,150 Nestle Sa-Sponsored Adr stg Regd Ord (Sf 10 Par) COM 641069406 5,623 130,909 SH SOLE 130,909 Nintendo Co Ltd-Unspons Adr COM 654445303 8,212 154,732 SH SOLE 154,732 Nokia Corp. (Adr) COM 654902204 6,286 337,052 SH SOLE 337,052 Northrop Grumman COM 666807102 4,761 78,635 SH SOLE 78,635 Novartis Ag-Sponsored Adr COM 66987V109 126 2,500 SH SOLE 2,500 Nvidia Corp COM 67066G104 97 9,100 SH SOLE 9,100 Nvidia Corp Jan09 12.50 Call OPT 67066G104 2,700 3 SH CALL SOLE 30 Office Depot COM 676220106 1,550 266,400 SH SOLE 266,400 Old Republic Int'L COM 680223104 427 33,518 SH SOLE 33,518 Oracle Corp COM 68389x105 5,412 266,460 SH SOLE 266,460 Pengrowth Energy Trust COM 706902509 3,143 210,400 SH SOLE 210,400 Petrochina Co Ltd -Adr COM 71646E100 44,266 430,899 SH SOLE 430,899 Petroleo Brasileiro S.A.-Adr COM 71654V408 7,902 180,172 SH SOLE 180,172 Pfizer Inc COM 717081103 1,574 85,620 SH SOLE 85,620 Philip Morris International In COM 718172109 80,317 1,669,900 SH SOLE 1,649,319 20,581 Philips Electronics COM 500472303 1,796 65,904 SH SOLE 65,904 Pimco Strategic Global Govt Fd Inc CLEND FND 72200x104 9 1,000 SH SOLE 1,000 Pinnacle West Capital Corp. COM 723484101 1,363 39,600 SH SOLE 39,600 Plum Creek Timber Co COM 729251108 622 12,470 SH SOLE 12,470 Powershares Qqq Trust Series 1 COM 73935a104 53 1,800 SH SOLE 1,800 PPG Industries Inc. COM 693506107 2,332 39,991 SH SOLE 39,991 Primaris Retail Real Estate In COM 74157U109 7,334 484,412 SH SOLE 484,412 Progress Energy Inc. COM 743263105 6,253 144,970 SH SOLE 144,970 Proshares Ultrashort S&P500 COM 74347R883 35 500 SH SOLE 500 Ramtron International Corp COM 751907304 83 30,000 SH SOLE 30,000 Raytheon Co.(New) COM 755111507 6,072 113,471 SH SOLE 113,471 Regions Financi Nov08 7.50 Put OPT 7591EP100 4 30 SH Put SOLE 30 Regions Financial Corp COM 7591EP100 637 66,354 SH SOLE 66,354 Research In Mot Oct08 70.00 Call OPT 760975102 12,000 12 SH CALL SOLE 30 Reynolds American Inc. COM 761713106 266 5,480 SH SOLE 5,480 Riocan Real Estate Investment COM 766910103 4,713 246,840 SH SOLE 246,640 Rtl International Metals Inc. COM 74973W107 444 22,700 SH SOLE 22,700 Rwe Ag Adr COM 74975E303 5,444 56,614 SH SOLE 56,614 Sadia Sa-Adr COM 786326108 2,323 247,927 SH SOLE 247,927 San Juan Basin Royalty Tr COM 798241105 80 2,120 SH SOLE 2,120 Sandvik Ab (Adr) COM 800212201 3,980 365,170 SH SOLE 365,170 Sanofi Aventis COM 80105N105 402 12,230 SH SOLE 12,230 SCBT Financial Corp. COM 78401V102 2,659 70,717 SH SOLE 70,717 Sector Spdr - Financial Shs Ben Int COM 81369y906 2,479 125,110 SH SOLE 125,110 Select Sector Spdr Trust Shs Ben Int Energy COM 81369Y506 984 15,940 SH SOLE 15,940 Semiconductor Holdrs Tr Depositary Rcpt COM 816636203 18 1,000 SH SOLE 1,000 Sempra Energy COM 816851109 4,363 86,456 SH SOLE 86,456 Siemens Ag-Spons Adr COM 826197501 108 1,150 SH SOLE 1,150 Siliconware Precision-Sp Adr COM 827084864 6,402 1,109,378 SH SOLE 1.109,378 Singapore Telecommunicat-Adr COM 82929R304 10,302 458,908 SH SOLE 458,908 Southern Co. COM 842587107 2,573 68,280 SH SOLE 68,280 Southern Copper Corp COM 84265V105 19 1,000 SH SOLE 1,000 Spdr Gold Trust COM 78463V107 128 1,500 SH SOLE 1,500 Spdr Trust Seri Dec08 115.00 Put OPT 784621103 9 15 SH PUT SOLE 15 Spdr Trust Seri Nov08 109.00 Put OPT 784621103 5 15 SH PUT SOLE 15 Spdr Trust Seri Nov08 117.00 Put OPT 784621103 13 20 SH PUT SOLE 20
SCHAFER CULLEN CAPITAL MANAGEMENT, INC. F0RM 13F SEPTEMBER 30, 2008
TITLE OF VALUE SHARES/PRN SH / PUT/ INVSTMT OTHER NAME OF ISSUER CLASS CUSIP (X$1000) AMT PRN CALL DSCRETN MGRS SOLE SHARED NONE - -------------- ----- --------- -------- ---------- ---- ---- ------- ----- --------- ------ ------ Spy Option Dec 085 Put OPT 78462f103 11 15 SH PUT SOLE 15 Spy Option Dec 087 Put OPT 78462f103 9 10 SH PUT SOLE 10 Spy Option Dec 090 Put OPT 78462f103 14 15 SH PUT SOLE 15 Spy Option Nov 078 Put OPT 78462f103 5 20 SH PUT SOLE 20 St. George Bank Ltd. (Adr) COM 789547106 2,599 57,110 SH SOLE 57,110 Standard & Poors Depository Receipts (Spdrs) (Book E COM 78462f103 157 1,800 SH SOLE 1,800 Statoil Asa COM 85771P102 660 27,750 SH SOLE 27,750 Taiwan Semiconductor-Sp Adr COM 874039100 5,581 595,588 SH SOLE 595,588 Tata Motors Ltd. (Adr) COM 876568502 787 102,800 SH SOLE 102,800 Teck Cominco Ltd-CI B COM 878742204 83 2,850 SH SOLE 2,850 Teco Energy Inc. COM 872375100 1,860 118,255 SH SOLE 118,255 Telecom Corp. Of New Zealand ( COM 879278208 276 30,000 SH SOLE 30,000 Telefonos De Mexico S.A.B. De COM 879403780 452 17,551 SH SOLE 17,551 Telekomunikasi Indonesia (Adr) COM 715684106 97 3,260 SH SOLE 3,260 Telenor Asa (Adr) COM 87944W105 1,827 49,640 SH SOLE 49,640 Telmex Internacional S.A.B. De COM 879690105 230 17,661 SH SOLE 17,661 Telstra Corp. Ltd. (Adr) COM 87969N204 3 190 SH SOLE 190 Teppco Partners L.P. COM 872384102 343 13,120 SH SOLE 13,120 Tidewater Inc. COM 886423102 6,424 116,044 SH SOLE 116,044 Timberwest Forest Corp. Un COM 887147205 5,488 477,225 SH SOLE 477,225 Total S.A. (Adr) COM 89151E109 541 8,908 SH SOLE 8,908 U.S. Bancorp COM 902973304 123,261 3,429,965 SH SOLE 3,392,734 37,231 Unibanco-Uniao De Bancos Brasi COM 90458E107 199 2,030 SH SOLE 2,030 Unilever N V -Ny Shares COM 904784709 116,002 4,126,608 SH SOLE 4,080,636 45,972 Unilever N V New York Shs New Adr COM 904767704 34 1,500 SH SOLE 1,500 United Overseas Bank-Sp Adr COM 911271302 7,497 325,230 SH SOLE 325,230 United States Oil Fund Lp Units Etf COM 91232n108 21 400 SH SOLE 400 United Technologies Corp. COM 913017109 108 1,790 SH SOLE 1,790 Verizon Communications COM 92343V104 95,893 3,000,114 SH SOLE 2,959,472 40,642 Vermilion Energy Trust COM 923728109 7,953 244,305 SH SOLE 244,305 Vermilion Energy Trust Trust Units COM 92407m206 21 900 SH SOLE 900 Viacom Inc. (Cl B) COM 92553P201 294 11,850 SH SOLE 11,850 Vodafone Group Plc Sponsored Adr New COM 92857W209 89,334 4,042,910 SH SOLE 4,042,910 Volvo Ab Series B COM 928856301 3,400 383,540 SH SOLE 383,540 Volvo Ab-Sponsored Adr COM 928856400 3,936 432,620 SH SOLE 432,620 W P Carey S Co LLC COM 92930Y107 682 27,040 SH SOLE 27,040 Wachovia Corp. COM 929903102 44 12,530 SH SOLE 12,530 Walt Disney Co COM 254687106 5,861 190,990 SH SOLE 190,990 Wells Fargo & Co. COM 949746101 1,194 31,815 SH SOLE 31,815 Weyerhaeuser Co. COM 962166104 367 6,050 SH SOLE 6,050 Woodside Petroleum COM 980228100 93 2,310 SH SOLE 2,310 Wyeth COM 983024100 444 12,020 SH SOLE 12,020 Report Summary 233 DATA RECORDS 2,935,634 0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED
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