N-Q 1 d394656dnq.htm EATON VANCE ENHANCED EQUITY INCOME FUND Eaton Vance Enhanced Equity Income Fund

 

 

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES

811-21614

Investment Company Act File Number

Eaton Vance Enhanced Equity Income Fund

(Exact Name of Registrant as Specified in Charter)

Two International Place, Boston, Massachusetts 02110

(Address of Principal Executive Offices)

Maureen A. Gemma

Two International Place, Boston, Massachusetts 02110

(Name and Address of Agent for Services)

(617) 482-8260

(Registrant’s Telephone Number, Including Area Code)

September 30

Date of Fiscal Year End

June 30, 2012

Date of Reporting Period

 

 

 

Item 1. Schedule of Investments

Eaton Vance

Enhanced Equity Income Fund

June 30, 2012

PORTFOLIO OF INVESTMENTS (Unaudited)

Common Stocks — 100.0%(1)

 

                                                 
Security    Shares      Value  

Aerospace & Defense — 2.1%

      

Boeing Co. (The)

      72,492       $ 5,386,156   

United Technologies Corp.

      62,084         4,689,204   
     

 

 

  
      $ 10,075,360   
     

 

 

  

Automobiles — 0.5%

      

Bayerische Motoren Werke AG

      33,647       $ 2,434,961   
     

 

 

  
      $ 2,434,961   
     

 

 

  

Beverages — 3.7%

      

Beam, Inc.

      46,337       $ 2,895,599   

Coca-Cola Co. (The)

      196,464         15,361,520   
     

 

 

  
      $ 18,257,119   
     

 

 

  

Biotechnology — 3.0%

      

Celgene Corp.(2)

      91,976       $ 5,901,180   

Gilead Sciences, Inc.(2)

      167,229         8,575,503   
     

 

 

  
      $ 14,476,683   
     

 

 

  

Capital Markets — 0.6%

      

Goldman Sachs Group, Inc. (The)

      32,134       $ 3,080,365   
     

 

 

  
      $ 3,080,365   
     

 

 

  

Chemicals — 2.3%

      

Celanese Corp., Series A

      57,409       $ 1,987,499   

Monsanto Co.

      110,206         9,122,853   
     

 

 

  
      $ 11,110,352   
     

 

 

  

Commercial Banks — 3.5%

      

KeyCorp

      12,525       $ 96,943   

PNC Financial Services Group, Inc.

      77,725         4,749,775   

Wells Fargo & Co.

      368,604         12,326,118   
     

 

 

  
      $ 17,172,836   
     

 

 

  

Communications Equipment — 2.8%

      

QUALCOMM, Inc.

      244,723       $ 13,626,177   
     

 

 

  
      $ 13,626,177   
     

 

 

  

Computers & Peripherals — 4.8%

      

Apple, Inc.(2)

      35,964       $ 21,002,976   

EMC Corp.(2)

      89,030         2,281,839   
     

 

 

  
      $ 23,284,815   
     

 

 

  
Construction & Engineering — 1.6%      

Fluor Corp.

      157,979       $ 7,794,684   
     

 

 

  
      $ 7,794,684   
     

 

 

  

Consumer Finance — 1.0%

      

American Express Co.

      84,975       $ 4,946,395   
     

 

 

  
      $ 4,946,395   
     

 

 

  

 

 

1

 

 

                                                 
Security    Shares      Value  

Diversified Financial Services — 3.8%

      

Bank of America Corp.

      787,130       $ 6,438,723   

Citigroup, Inc.

      188,326         5,162,016   

JPMorgan Chase & Co.

      199,214         7,117,916   
     

 

 

  
      $ 18,718,655   
     

 

 

  

Diversified Telecommunication Services — 3.6%

      

AT&T, Inc.

      276,692       $ 9,866,837   

CenturyLink, Inc.

      201,859         7,971,412   
     

 

 

  
      $ 17,838,249   
     

 

 

  

Electric Utilities — 2.9%

      

American Electric Power Co., Inc.

      75,093       $ 2,996,211   

Duke Energy Corp.

      121,955         2,812,282   

Edison International

      61,046         2,820,325   

PPL Corp.

      105,792         2,942,075   

Southern Co. (The)

      58,119         2,690,910   
     

 

 

  
      $ 14,261,803   
     

 

 

  

Energy Equipment & Services — 2.1%

      

Halliburton Co.

      177,957       $ 5,052,199   

Schlumberger, Ltd.

      82,882         5,379,871   
     

 

 

  
      $ 10,432,070   
     

 

 

  

Food & Staples Retailing — 1.9%

      

Costco Wholesale Corp.

      98,308       $ 9,339,260   
     

 

 

  
      $ 9,339,260   
     

 

 

  

Health Care Equipment & Supplies — 2.4%

      

Covidien PLC

      48,406       $ 2,589,721   

St. Jude Medical, Inc.

      124,018         4,949,558   

Varian Medical Systems, Inc.(2)

      69,933         4,249,829   
     

 

 

  
      $ 11,789,108   
     

 

 

  

Health Care Providers & Services — 1.7%

      

DaVita, Inc.(2)

      73       $ 7,169   

UnitedHealth Group, Inc.

      140,217         8,202,695   
     

 

 

  
      $ 8,209,864   
     

 

 

  

Hotels, Restaurants & Leisure — 1.7%

      

McDonald’s Corp.

      96,161       $ 8,513,133   
     

 

 

  
      $ 8,513,133   
     

 

 

  

Household Products — 2.7%

      

Colgate-Palmolive Co.

      55,469       $ 5,774,323   

Procter & Gamble Co.

      119,787         7,336,954   
     

 

 

  
      $ 13,111,277   
     

 

 

  

 

2

 

 

                                                 
Security    Shares      Value  

Industrial Conglomerates — 3.8%

      

Danaher Corp.

      202,200       $ 10,530,576   

General Electric Co.

      385,613         8,036,175   
     

 

 

  
      $ 18,566,751   
     

 

 

  

Insurance — 1.4%

      

Aflac, Inc.

      79,368       $ 3,380,283   

MetLife, Inc.

      112,652         3,475,314   
     

 

 

  
      $ 6,855,597   
     

 

 

  

Internet & Catalog Retail — 2.0%

      

Amazon.com, Inc.(2)

      43,392       $ 9,908,563   
     

 

 

  
      $ 9,908,563   
     

 

 

  
     

Internet Software & Services — 4.9%

      

eBay, Inc.(2)

      292,591       $ 12,291,748   

Google, Inc., Class A(2)

      20,465         11,871,133   
     

 

 

  
      $ 24,162,881   
     

 

 

  

IT Services — 5.6%

      

Accenture PLC, Class A

      170,930       $ 10,271,184   

International Business Machines Corp.

      67,277         13,158,036   

Visa, Inc., Class A

      32,732         4,046,657   
     

 

 

  
      $ 27,475,877   
     

 

 

  

Machinery — 1.1%

      

Deere & Co.

      64,524       $ 5,218,056   
     

 

 

  
      $ 5,218,056   
     

 

 

  

Media — 2.7%

      

Comcast Corp., Class A

      132,637       $ 4,240,405   

Walt Disney Co. (The)

      186,040         9,022,940   
     

 

 

  
      $ 13,263,345   
     

 

 

  

Metals & Mining — 0.8%

      

Cliffs Natural Resources, Inc.

      48,819       $ 2,406,288   

Freeport-McMoRan Copper & Gold, Inc.

      39,423         1,343,142   

Goldcorp, Inc.

      1,259         47,313   
     

 

 

  
      $ 3,796,743   
     

 

 

  

Multi-Utilities — 0.6%

      

Sempra Energy

      44,598       $ 3,071,910   
     

 

 

  
      $ 3,071,910   
     

 

 

  

Multiline Retail — 2.0%

      

Dollar General Corp.(2)

      132,738       $ 7,219,620   

Macy’s, Inc.

      79,293         2,723,714   
     

 

 

  
      $ 9,943,334   
     

 

 

  

 

3

 

 

                                                 
Security    Shares      Value  

Oil, Gas & Consumable Fuels — 9.1%

      

Anadarko Petroleum Corp.

      76,106       $ 5,038,217   

Apache Corp.

      61,589         5,413,057   

Chevron Corp.

      23,671         2,497,291   

ConocoPhillips

      144,937         8,099,080   

Exxon Mobil Corp.

      181,249         15,509,477   

Occidental Petroleum Corp.

      62,446         5,355,993   

Phillips 66(2)

      72,468         2,408,836   
     

 

 

  
      $ 44,321,951   
     

 

 

  

Pharmaceuticals — 6.4%

      

Allergan, Inc.

      69,485       $ 6,432,226   

Johnson & Johnson

      218,066         14,732,539   

Pfizer, Inc.

      451,389         10,381,947   
     

 

 

  
      $ 31,546,712   
     

 

 

  

Real Estate Investment Trusts (REITs) — 1.5%

      

AvalonBay Communities, Inc.

      26,090       $ 3,691,213   

Boston Properties, Inc.

      34,888         3,780,813   
     

 

 

  
      $ 7,472,026   
     

 

 

  

Road & Rail — 1.1%

      

Union Pacific Corp.

      43,641       $ 5,206,808   
     

 

 

  
      $ 5,206,808   
     

 

 

  

Software — 3.9%

      

Microsoft Corp.

      276,240       $ 8,450,182   

Oracle Corp.

      351,686         10,445,074   
     

 

 

  
      $ 18,895,256   
     

 

 

  

Specialty Retail — 0.7%

      

Home Depot, Inc. (The)

      65,099       $ 3,449,596   
     

 

 

  
      $ 3,449,596   
     

 

 

  

Textiles, Apparel & Luxury Goods — 1.2%

      

NIKE, Inc., Class B

      67,286       $ 5,906,365   
     

 

 

  
      $ 5,906,365   
     

 

 

  

Tobacco — 2.5%

      

Philip Morris International, Inc.

      141,826       $ 12,375,736   
     

 

 

  
      $ 12,375,736   
     

 

 

  

Total Common Stocks
(identified cost $411,941,333)

       $ 489,910,673   
     

 

 

  

 

4

 

 

                                                 

Short-Term Investments — 3.0%

      
Description    Interest
(000’s omitted)		      Value  

Eaton Vance Cash Reserves Fund, LLC, 0.10%(3)

    $ 14,888       $ 14,887,935   
     

 

 

  

Total Short-Term Investments
(identified cost $14,887,935)

       $ 14,887,935   
     

 

 

  

Total Investments — 103.0%
(identified cost $426,829,268)

       $ 504,798,608   
     

 

 

  

Covered Call Options Written — (1.7)%

      

 

                                                                                                   
Security    Number of
Contracts		      Strike
Price		      Expiration
Date		      Value  

Accenture PLC, Class A

      855       $ 60.00         7/21/12       $ (102,600 ) 

Accenture PLC, Class A

      515         62.50         8/18/12         (41,200 ) 

Aflac, Inc.

      400         42.00         7/21/12         (53,800 ) 

Allergan, Inc.

      350         95.00         7/21/12         (18,375 ) 

Amazon.com, Inc.

      220         225.00         7/21/12         (166,100 ) 

American Electric Power Co., Inc.

      375         38.00         7/21/12         (72,188 ) 

American Express Co.

      425         60.00         7/21/12         (19,975 ) 

Anadarko Petroleum Corp.

      385         65.00         8/18/12         (173,250 ) 

Apache Corp.

      495         87.50         8/18/12         (205,425 ) 

Apple, Inc.

      90         585.00         7/21/12         (106,425 ) 

Apple, Inc.

      90         600.00         7/21/12         (51,750 ) 

AT&T, Inc.

      1,385         35.00         8/18/12         (120,495 ) 

AvalonBay Communities, Inc.

      130         145.00         7/21/12         (12,350 ) 

Beam, Inc.

      235         62.50         7/21/12         (21,737 ) 

Boeing Co. (The)

      365         75.00         7/21/12         (37,777 ) 

Boeing Co. (The)

      215         75.00         8/18/12         (42,355 ) 

Boston Properties, Inc.

      175         105.00         8/18/12         (87,500 ) 

Celanese Corp., Series A

      290         42.50         7/21/12         (1,450 ) 

Celgene Corp.

      460         72.50         7/21/12         (5,290 ) 

CenturyLink, Inc.

      1,010         39.00         8/18/12         (111,100 ) 

Chevron Corp.

      120         100.00         7/21/12         (70,800 ) 

Citigroup, Inc.

      945         28.00         7/21/12         (76,545 ) 

Cliffs Natural Resources, Inc.

      245         55.00         7/21/12         (8,452 ) 

Coca-Cola Co. (The)

      985         75.00         8/18/12         (364,450 ) 

Coca-Cola Co. (The)

      590         77.50         8/18/12         (110,330 ) 

Colgate-Palmolive Co.

      280         100.00         8/18/12         (131,600 ) 

Comcast Corp., Class A

      665         31.00         7/21/12         (78,138 ) 

ConocoPhillips

      725         52.50         7/21/12         (257,375 ) 

Costco Wholesale Corp.

      495         90.00         7/21/12         (259,875 ) 

Covidien PLC

      240         52.50         7/21/12         (34,200 ) 

Danaher Corp.

      1,015         52.50         7/21/12         (86,275 ) 

Deere & Co.

      325         77.50         7/21/12         (132,438 ) 

Dollar General Corp.

      665         55.00         8/18/12         (106,400 ) 

Duke Energy Corp.

      610         22.00         7/21/12         (67,100 ) 

eBay, Inc.

      1,465         40.00         7/21/12         (383,830 ) 

eBay, Inc.

      875         43.00         8/18/12         (128,188 ) 

 

5

 

 

                                                                                                   
Security    Number of
Contracts		      Strike
Price		      Expiration
Date		      Value  

Edison International

      305       $ 45.00         8/18/12       $ (53,375 ) 

EMC Corp.

      445         27.00         7/21/12         (7,120 ) 

Exxon Mobil Corp.

      910         82.50         7/21/12         (318,500 ) 

Fluor Corp.

      775         50.00         7/21/12         (73,625 ) 

Fluor Corp.

      790         52.50         7/21/12         (19,750 ) 

Freeport-McMoRan Copper & Gold, Inc.

      200         36.00         7/21/12         (6,100 ) 

General Electric Co.

      1,930         20.00         7/21/12         (191,070 ) 

General Electric Co.

      1,155         21.00         8/18/12         (64,680 ) 

Gilead Sciences, Inc.

      840         52.50         8/18/12         (136,920 ) 

Goldman Sachs Group, Inc. (The)

      105         95.00         8/18/12         (51,450 ) 

Goldman Sachs Group, Inc. (The)

      155         100.00         8/18/12         (39,835 ) 

Google, Inc., Class A

      105         620.00         7/21/12         (54,075 ) 

Halliburton Co.

      890         31.00         8/18/12         (40,050 ) 

Home Depot, Inc. (The)

      545         52.50         8/18/12         (104,913 ) 

International Business Machines Corp.

      340         200.00         7/21/12         (57,120 ) 

Johnson & Johnson

      1,090         65.00         7/21/12         (291,030 ) 

Johnson & Johnson

      655         67.50         8/18/12         (73,360 ) 

JPMorgan Chase & Co.

      1,000         36.00         7/21/12         (97,500 ) 

Macy’s, Inc.

      400         37.00         7/21/12         (6,800 ) 

McDonald’s Corp.

      485         92.50         7/21/12         (4,850 ) 

MetLife, Inc.

      565         31.00         8/18/12         (80,513 ) 

Microsoft Corp.

      1,385         30.00         8/18/12         (182,128 ) 

Microsoft Corp.

      825         31.00         8/18/12         (63,112 ) 

Monsanto Co.

      555         82.50         7/21/12         (93,240 ) 

Monsanto Co.

      330         82.50         8/18/12         (92,895 ) 

NIKE, Inc., Class B

      672         115.00         7/21/12         (336 ) 

Occidental Petroleum Corp.

      315         90.00         8/18/12         (58,432 ) 

Oracle Corp.

      1,760         27.00         7/21/12         (483,120 ) 

Oracle Corp.

      1,055         28.00         8/18/12         (218,913 ) 

Pfizer, Inc.

      910         23.00         7/21/12         (25,025 ) 

Pfizer, Inc.

      2,700         23.00         8/18/12         (124,200 ) 

Philip Morris International, Inc.

      710         87.50         8/18/12         (134,190 ) 

Phillips 66

      365         33.00         8/18/12         (62,050 ) 

PNC Financial Services Group, Inc.

      390         65.00         8/18/12         (23,790 ) 

PPL Corp.

      530         28.00         8/18/12         (21,200 ) 

Procter & Gamble Co.

      600         62.50         8/18/12         (39,600 ) 

QUALCOMM, Inc.

      1,225         62.50         7/21/12         (12,862 ) 

Schlumberger, Ltd.

      665         70.00         8/18/12         (68,495 ) 

Sempra Energy

      225         70.00         8/18/12         (20,250 ) 

Southern Co. (The)

      295         48.00         8/18/12         (2,802 ) 

St. Jude Medical, Inc.

      620         40.00         7/21/12         (65,100 ) 

Union Pacific Corp.

      220         115.00         7/21/12         (125,950 ) 

United Technologies Corp.

      310         75.00         7/21/12         (52,390 ) 

UnitedHealth Group, Inc.

      705         60.00         7/21/12         (56,752 ) 

UnitedHealth Group, Inc.

      695         62.50         8/18/12         (44,827 ) 

Varian Medical Systems, Inc.

      350         65.00         7/21/12         (3,500 ) 

Visa, Inc., Class A

      165         120.00         7/21/12         (80,025 ) 

Walt Disney Co. (The)

      930         44.00         7/21/12         (423,150 ) 

Walt Disney Co. (The)

      560         48.00         8/18/12         (104,440 ) 

Wells Fargo & Co.

      920         32.00         7/21/12         (161,460 ) 

Wells Fargo & Co.

      925         33.00         7/21/12         (95,738 ) 

Wells Fargo & Co.

      1,105         34.00         8/18/12         (91,715 ) 
           

 

 

  

Total Covered Call Options Written
(premiums received $7,545,574)

             $ (8,551,461 ) 
           

 

 

  

Other Assets, Less Liabilities — (1.3)%

             $ (6,388,252 ) 
           

 

 

  

Net Assets — 100.0%

             $ 489,858,895   
           

 

 

  

 

6

 

 

The percentage shown for each investment category in the Portfolio of Investments is based on net assets.

 

(1) A portion of each applicable common stock for which a written call option is outstanding at June 30, 2012 has been pledged as collateral for such written option.

 

(2) Non-income producing security.

 

(3) Affiliated investment company available to Eaton Vance portfolios and funds which invests in high quality, U.S. dollar denominated money market instruments. The rate shown is the annualized seven-day yield as of June 30, 2012. Net income allocated from the investment in Eaton Vance Cash Reserves Fund, LLC for the fiscal year to date ended June 30, 2012 was $9,815.

The cost and unrealized appreciation (depreciation) of investments of the Fund at June 30, 2012, as determined on a federal income tax basis, were as follows:

 

Aggregate cost

    $     427,671,373   
  

 

 

  

Gross unrealized appreciation

    $ 92,312,848   

Gross unrealized depreciation

      (15,185,613 ) 
  

 

 

  

Net unrealized appreciation

    $ 77,127,235   
  

 

 

  

Written call options activity for the fiscal year to date ended June 30, 2012 was as follows:

 

     Number of
Contracts		     Premiums
Received		  
Outstanding, beginning of period      51,196      $ 8,279,787   
Options written      230,675        32,214,017   
Options terminated in closing purchase transactions      (136,327 )      (19,789,113 ) 
Options exercised      (8,083 )      (711,560 ) 
Options expired      (82,049 )      (12,447,557 ) 
  

 

 

    

 

 

  
Outstanding, end of period      55,412      $ 7,545,574   
  

 

 

    

 

 

  

At June 30, 2012, the Fund had sufficient cash and/or securities to cover commitments under these contracts.

The Fund is subject to equity price risk in the normal course of pursuing its investment objectives. The Fund writes covered call options on individual stocks above the current value of the stock to generate premium income. In writing call options on individual stocks, the Fund in effect, sells potential appreciation in the value of the applicable stock above the exercise price in exchange for the option premium received. The Fund retains the risk of loss, minus the premium received, should the price of the underlying stock decline. The Fund is not subject to counterparty credit risk with respect to its written options as the Fund, not the counterparty, is obligated to perform under such derivatives.

At June 30, 2012, the aggregate fair value of derivative instruments (not considered to be hedging instruments for accounting disclosure purposes) in a liability position and whose primary underlying risk exposure is equity price risk was $8,551,461.

Under generally accepted accounting principles for fair value measurements, a three-tier hierarchy to prioritize the assumptions, referred to as inputs, is used in valuation techniques to measure fair value. The three-tier hierarchy of inputs is summarized in the three broad levels listed below.

 

•  

Level 1 — quoted prices in active markets for identical investments

 

•  

Level 2 — other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)

 

•  

Level 3 — significant unobservable inputs (including a fund’s own assumptions in determining the fair value of investments)

In cases where the inputs used to measure fair value fall in different levels of the fair value hierarchy, the level disclosed is determined based on the lowest level input that is significant to the fair value measurement in its entirety. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

 

7

 

 

At June 30, 2012, the hierarchy of inputs used in valuing the Fund’s investments and open derivative instruments, which are carried at value, were as follows:

 

Asset Description    Level 1     Level 2     Level 3      Total  

Common Stocks

          

Consumer Discretionary

    $ 50,984,336      $ 2,434,961      $ —       $ 53,419,297   

Consumer Staples

      53,083,392        —        —         53,083,392   

Energy

      54,754,021        —        —         54,754,021   

Financials

      58,245,874        —        —         58,245,874   

Health Care

      66,022,367        —        —         66,022,367   

Industrials

      46,861,659        —        —         46,861,659   

Information Technology

      107,445,006        —        —         107,445,006   

Materials

      14,907,095        —        —         14,907,095   

Telecommunication Services

      17,838,249        —        —         17,838,249   

Utilities

      17,333,713        —        —         17,333,713   

Total Common Stocks

    $     487,475,712      $ 2,434,961 *    $ —       $ 489,910,673   

Short-Term Investments

    $ —      $ 14,887,935      $ —       $ 14,887,935   

Total Investments

    $ 487,475,712      $     17,322,896      $ —       $     504,798,608   
Liability Description                              

Covered Call Options Written

    $ (8,551,461 )    $ —      $ —       $ (8,551,461 ) 

Total

    $ (8,551,461 )    $ —      $ —       $ (8,551,461 ) 

 

* Includes foreign equity securities whose values were adjusted to reflect market trading of comparable securities or other correlated instruments that occurred after the close of trading in their applicable foreign markets.

The Fund held no investments or other financial instruments as of September 30, 2011 whose fair value was determined using Level 3 inputs. At June 30, 2012, there were no investments transferred between Level 1 and Level 2 during the fiscal year to date then ended.

For information on the Fund’s policy regarding the valuation of investments and other significant accounting policies, please refer to the Fund’s most recent financial statements included in its semiannual or annual report to shareholders.

 

8

 

 

Item 2. Controls and Procedures

(a) It is the conclusion of the registrant’s principal executive officer and principal financial officer that the effectiveness of the registrant’s current disclosure controls and procedures (such disclosure controls and procedures having been evaluated within 90 days of the date of this filing) provide reasonable assurance that the information required to be disclosed by the registrant on this Form N-Q has been recorded, processed, summarized and reported within the time period specified in the Commission’s rules and forms and that the information required to be disclosed by the registrant on this Form N-Q has been accumulated and communicated to the registrant’s principal executive officer and principal financial officer in order to allow timely decisions regarding required disclosure.

(b) There have been no changes in the registrant’s internal controls over financial reporting during the fiscal quarter for which the report is being filed that have materially affected, or are reasonably likely to materially affect the registrant’s internal control over financial reporting.

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.

Eaton Vance Enhanced Equity Income Fund

 

By:   /s/ Walter A. Row, III
  Walter A. Row, III
  President
Date:   August 27, 2012

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:   /s/ Walter A. Row, III
  Walter A. Row, III
  President
Date:   August 27, 2012

 

By:   /s/ Barbara E. Campbell
  Barbara E. Campbell
  Treasurer
Date:   August 27, 2012