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KRAMONT REALTY TRUST KRT CASH 2.000 23.4000 46.800 2.600 5.5556 WTS LUCENT TECHNOLOGIES INC LUTHW CASH 235 1.5800 371 IDT 12/10/2007 PAN PACIFIC RETAIL PROPERTIES PNP CASH 436 62.7000 27.337 946 3.4605 INC PENNSYLVANLA REAL ESTATE PEI CASH 1.794 42.8000 76,783 3.875 5.0467 INVESTMENT

6,607 1.5999 $416.505 $6.607 EQUITIES Equities & Options The research ratings for Bear Steams (BSC) are shown for certain securities covered by the Firms Equity Research Department. fi e first rating represents the stock's total return relative to the other stocks covered by that Analyst, The key for the stock rating values is

NED DAVIS RESEARCH RATING: MS LUCENT TECHNOLOGIES INC LUTHW CASH 235 0.5650 133 ET 12/10/2007 NAYARIT GOLD INC NYRTF CASH 19 0.3440 7 PAN PACIFIC RETAIL PROPERTIES PNP CASH 436 66.8900 29,164 1.029 3.5283 INC PENNSYLVANIA REAL ESTATE PEI CASH 1.794 37.3600 67.024 4.090 6.1023 INVESTME

On File LAST STATEMENT ROMERO( 30.2005 Equities & Options The research ratings for Bear Steams (BSC) are shown for certain securities covered by the Firms Equity Research Department. The first rating represents the stock's total return relative to the other stocks covered by that Analyst. The key for the stock rating values is a

ION SYMI/OcCUSIP GUMMY PRICE DUE AMOUNT CRIX0 Wail 11/01/06 EXCHANGE 11/01/06 MERGER 11/30/06 MERGER KIMCO REALTY CORP illISI. R2Stailr PAN PACIFIC RETAIL PROPERTIES TO 01rJoGitir TRUST INC ER 6 KIM 698061104 GLB 98 -436 -2,000 52.000.00 TOTAL 552.000.00 DEPOSITS AND WITHDRAWALS TRANSACT

On File LAST STATEMENT January 31.2006 Equities & Options The research ratings for Bear Steams (BSC) are shown for certain securities covered by the Firms Equity Research Department. The first rating represents the stock's total return relative to the other stocks covered by that Analyst. The key for the stock rating values is a