Finlay Enterprises, Inc. is one of the leading retailers of fine jewelry in the United States. Finlay operates leased fine jewelry departments in major department stores for retailers such as The May Department Stores Company, Federated Department Stores, Belk, the Carson Pirie Scott division of Saks Incorporated, Marshall Field's and Dillard's. Finlay sells a broad selection of moderately priced fine jewelry, including necklaces, earrings, bracelets, rings and watches. It markets these items principally as fashion accessories.

A close contact to Palisade with considerable expertise in operating leased jewelry departments suggested the opportunity to Palisade. At the time, Finlay was trading at historically low price-to-earnings ratios, and its strong U.S. business base created a substantial platform for potential acquisitions. In March 2003, PCEP invested in Finlay.

Palisade sold its shares of Finlay in open market transactions during the first half of 2004.

Genmar Holdings, Inc. is one of the world's largest manufacturers of recreational boats, and the largest within the fiberglass sector. Genmar's wholly-owned boat companies include Carver, Wellcraft, Larson, Glastron, Four Winns, SeaSwirl, Ranger, Triumph and Stratos. In addition, Genmar was the controlling shareholder of VEC LLC, a spin-off with proprietary technology for closed fiberglass molding of large structural components.

Palisade grew interested in the possibilities for VEC, which presented an innovative solution to the environmental, occupational safety and quality challenges posed by traditional "open-face" fiberglass fabrication. Also, Genmar owned Hatteras, a renowned manufacturer of high end yachts. Palisade saw Hatteras as a valuable asset that Genmar could sell in order to focus resources on its core mid-size boat businesses. In February 2000, PCEP invested in Genmar.

Kroll, Inc. is the world's leading independent risk consulting company, providing its corporate and government clients worldwide with business intelligence, security services, corporate restructuring, forensic accounting and data recovery services.

Following the events of September 11, Palisade believed that Kroll was well positioned to fill increasing corporate demand for intelligence and security services. Palisade also believed that demand for large-scale corporate restructuring services would grow. In November, 2001 PCEP invested in Kroll.

In 2004, Kroll was acquired by Marsh and McLennan Companies.

MicroWarehouse was a major catalog and internet reseller of PC's, peripherals and software.

Palisade contact Jerry York brought the opportunity of purchasing Micro Warehouse through a tender offer in 1999. Palisade believed that the business was positioned to take advantage of the growing personal computer market. In particular, the direct channel of sales that Micro Warehouse participated in was rapidly gaining market share. In January 2000 PCEP invested in Micro Warehouse.

Micro Warehouse was sold to CDW, Inc. in 2003.

Monmouth Real Estate Investment Corp. is a corporation operating as a qualified real estate investment trust ('REIT'). Monmouth's equity portfolio consists of forty-two industrial properties and one shopping center, totaling over 4,700,000 square feet. Monmouth also owns a portfolio of REIT securities.

Palisade determined that Monmouth's long-term leases with blue-chip companies were valuable assets. Palisade believed that Monmouth could grow to a market capitalization that would merit its inclusion in REIT indices, increasing its visibility to investors. In February 2003, PCEP invested in Monmouth.

In July 2007, the strategic combination between Monmouth Real Estate Investment Corporation and Monmouth Capital Corporation was approved by each of the companies' boards of directors. The combined company now operates under the name Monmouth Real Estate Investment Corporation and continues to operate as an equity real estate investment trust, owning interests in 55 industrial properties on long-term net-leases to investment grade tenants, as well as investments in other REIT securities.

Palisade sold its shares of Monmouth in open market transactions during the second half of 2007 and first half of 2008.

Refac Optical Group is a leader in the optical industry and the sixth largest retail optical chain in the United States. It operates over 500 locations in the U.S. and Canada, including licensed departments, freestanding stores, eye health centers and professional optometric practices, surgery centers and manufacturing laboratories. The majority of the licensed departments are located at J.C. Penney stores, with additional departments in Macy's, Sears, The Bay and other regional department stores. These licensed departments are full-service retail vision care stores that offer an extensive selection of designer brands and private label prescription eyewear, contact lenses, sunglasses, ready-made readers and accessories.

From 2000 to 2005, Palisade made separate investments in Refac, U.S. Vision and Opticare. Palisade saw U.S. Vision and Opticare as solid platforms in the growing optical industry. Refac was a public company that was winding down its business operations and had a spotless reputation along with significant cash. Palisade purchased shares of Refac on the open market and agreed to a merger with Refac in August 2002. In order to take advantage of a variety of presumed synergies, Palisade merged the three companies, creating Refac Optical Group in 2005.

In March 2007, Palisade effected a short-form merger, taking Refac private. Refac is currently a private company of which PCEP owns 98%. Several synergy initiatives have been enacted and the company is poised to grow in the optical marketplace.

Register.com is a leading registrar of internet domain names. It also provides a variety of other services related to managing an online presence for businesses and consumers.

At the peak of the Internet boom, the license to register domain names for profit began to open beyond the initial monopoly granted to Network Solutions (now Verisign). In early 1999, Register.com was applying to become one of 5 companies worldwide able to collect registration fees for .com, .net and .org domain names during an initial test phase. Register.com needed additional equity capital to show viability in this application process. In March 1999, PPP invested in Register.com.

Register.com completed an initial public offering in March 2000. In 2002, Palisade sold its shares in the open market.