Tridan N-CSR Certified annual shareholder report (management investment company)

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-CSR

CERTIFIED SHAREHOLDER REPORT OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number 811-3056

TRIDAN CORP.

(Exact name of registrant as specified in charter)

51 East 42nd  Street, 17th floor, New York, NY 10017

(Address of principal executive offices)

I. Robert Harris, c/o Kantor, Davidoff, Wolfe, Mandelker, Twomey & Gallanty, P.C.

51 East 42nd Street, New York, NY  10017

(Name and address of agent for service)

Registrant’s telephone number, including area code: (212) 239-0515

Date of fiscal year end:	April 30, 2014
Date of reporting period:	April 30, 2014

Item 1. Reports to Stockholders.

Attached on the following pages is a copy of the registrant’s annual report as of April 30, 2014 transmitted to stockholders.

TRIDAN CORP.

P.O. Box 634, New City, N.Y. 10956

(212) 239-0515

ANNUAL REPORT

June 26, 2014

Dear Shareholder:

I am pleased to provide this annual report of Tridan Corp. for the fiscal year ended April 30, 2014, including the enclosed audited financial report for that period and for the corresponding period in 2013.  Also enclosed are the notice of meeting, proxy statement for this year’s annual shareholders meeting on July 15, 2014, form of proxy, and the company’s privacy policy.

A schedule of the company’s portfolio holdings at April 30, 2011, consisting entirely of municipal obligations, is included in the financial report.  The company invests exclusively in non-voting securities.  The company files its complete schedule of portfolio holdings with the Securities and Exchange Commission for the first and third quarters of each fiscal year on Form N-Q.  The company’s Forms N-Q are available on the Commission’s website at http://www.sec.gov.  They may be reviewed and copied at the Commission’s Public Reference Room in Washington D.C., and information on the operation of the Public Reference Room may be obtained by calling 1-800-SEC-0330.

The net asset value per share at April 30, 2014 was $12.56, compared with $12.88 at April 30, 2013.  Net investment income per share was $.26, for the year ended April 30, 2014, compared with $.28 for the year ended April 30, 2013.  Distributions to shareholders amounted to $.33 per share for fiscal 2014, compared to $.28 for fiscal 2013.

At the company’s last annual meeting on July 16, 2013, the reappointment of WeiserMazars LLP as the company’s auditors for the fiscal year ending April 30, 2014 was ratified by the shareholders as follows:

Shares Voted For	2,387,996.0722
Shares Voted Against	None
Shares Abstaining	None

TRIDAN CORP.

June 26, 2014

Page – 2 –

Also at the last annual meeting, the incumbent directors, all of whom are named below, were all reelected to serve as directors until the next annual meeting of shareholders, or until their successors are elected and have qualified.

	Shares Voted For		Shares Withheld
Mark Goodman		2,387,996.0722	None
Peter Goodman		“		“
Paul Kramer		“		“
Jay S. Negin		“		“
Warren F. Pelton		“		“
Russell J. Stoever		“		“

The following Tables A and B set forth information concerning the directors, and Table C sets forth information concerning non-director officers of the company.  The Table A directors (Mark Goodman, Peter Goodman and Warren Pelton) are “interested persons” as defined in Section 2(a)19 of the Investment Company Act of 1940, and the Table B directors (Messrs. Kramer, Negin and Stoever) are not.  Peter Goodman is an “interested person” because he is an officer and holder of more than 5% of the shares of the company, Mark Goodman because he is Peter Goodman’s son, and Warren Pelton because he is an officer of the company.

Table A

Name, Address and Age	Positions in Tridan Corp.	Director Since	Principal Occupations During Past 5 Years	Number of Portfolios Overseen	Other Directorships During Past 5 Years
Interested Persons:
Mark Goodman (Son of Peter Goodman) 7 Porters Cove Road Hingham, MA 02043 Age 60	Director	1999	Pianist and Teacher	1	None
Peter Goodman 65 Wendover Road Rye, NY  10580 Age 88	Director and President	1980	President, Tridan Corp.	1	None
Warren Fred Pelton 6079 Fairway Court Naples, FL  34110 Age 76	Director, Vice- President and Treasurer	1988	Consultant	1	None

TRIDAN CORP.

June 26, 2014

Page – 3 –

Table B

Name, Address and Age	Positions in Tridan Corp.	Director Since	Principal Occupations During Past 5 Years	Number of Portfolios Overseen	Other Director- ships  During Past 5 Years
Disinterested Persons:
Paul Kramer 330 East 33rd Street, #20C New York, NY 10016 Age 82	Director and Audit Committee Chairman	2004	Financial Advisory Services; Partner, Kramer Love & Cutler, LLP (certified public accountants)	1	None
Jay Stanley Negin 6 Demarest Court Englewood Cliffs, NJ 07632 Age 83	Director and Audit Committee Member	1985	Investor	1	None
Russell Jude Stoever 15 Rockleigh Road Rockleigh, NJ 07647 Age 69	Director and Audit Committee Member	1995	Vice-President, Stoever Glass & Co., Inc. (a registered broker-dealer)	1	None

Table C

Name, Address and Age	Positions in Tridan Corp.	Principal Occupations During Past 5 Years	Number of Portfolios Overseen	Other Director- ships Held
Non-director Officers:
I. Robert Harris 51 East 42nd Street Suite 1700 New York, NY  10017 Age 82	Secretary and Chief Compliance Officer	Attorney	None	None

TRIDAN CORP.

June 26, 2014

Page – 4 –

The board of directors governs the Company and is responsible for protecting the interests of shareholders.  The directors meet periodically throughout the year to oversee the Company’s activities and review its performance.  Each of the directors is committed to regular and active participation in board and committee meetings.  The board believes that, collectively, the directors have balanced and diverse experience, qualifications, attributes, and skills which allow the board to operate effectively in governing the Company and protecting the interests of shareholders.  Information about the specific experience, skills, attributes and qualifications of each director is provided below.

Peter Goodman – Mr. Goodman is the principal shareholder, a director and chief executive officer of Tridan Corp., and also held those positions in its wholly-owned subsidiary Danskin, Inc. prior to sale of the business in 1980 and Tridan’s conversion to an investment company.  He is skilled in business, thoroughly familiar with the company’s history and its activities, and has had extensive experience in securities investments, including municipal bonds.

Jay S. Negin – Mr. Negin has been a director of the Company since 1985.  He is an attorney and certified public accountant, although not practicing those professions.  He has had extensive activity and experience in the municipal bond field, and participates actively in the board’s analysis and consideration of Tridan’s portfolio positions and transactions.

Warren F. Pelton – Mr. Pelton has been a director since 1988.  He was a shareholder of Tridan Corp. and chief financial officer of Tridan and its subsidiary Danskin, Inc. prior to Tridan’s conversion to an investment company in 1980.  He has had extensive experience over many years as a private management consultant and is skilled in financial planning.

Russell J. Stoever – Mr. Stoever has been a director since 1995.  He is vice president and sales manager of Stoever, Glass & Co., Inc., a registered broker-dealer.  He has been employed there since 1971 and became a principal of that corporation in 1982, with involvement in all aspects of municipal finance.  He is not an “interested person” of Tridan Corp., as defined in the Investment Company Act, in that he does not execute any portfolio transactions for, or engage in any principal transactions with, Tridan or its investment adviser or any accounts over which the adviser has brokerage placement discretion, or any other investment company having the same investment adviser.  Mr. Stoever brings to the board a keen analysis of economic and market conditions and trends, and his views concerning portfolio management.

Mark Goodman – Mr. Goodman has been a director since 1999.  He is the son of Peter Goodman, and has been a shareholder of Tridan since before its 1980 conversion to an investment company.  He is knowledgeable in the history and activities of the Company, and has also had broad investment experience in fixed income securities, including municipal bonds.

Paul Kramer – Mr. Kramer has been a director since 2004.  He has extensive experience as a certified public accountant and is expert in the fields of corporate governance, executive management, corporate restructuring, audit committee functions and related activities.  He has served on the board of directors of a number of publicly-held corporations over the years.  Mr. Kramer brings his skill and leadership abilities to his positions as a director and as chairman of Tridan’s audit committee.

TRIDAN CORP.

June 26, 2014

Page – 5 –

No director or officer received any compensation from the Company during the last fiscal year, except for the fees of $12,000 paid during each year to each director, plus an additional $5,000 to Paul Kramer as chairman of the audit committee.  The Company does not have any bonus, profit sharing, or other compensation plan, contract or arrangement with anyone, nor any pension or retirement plan; nor has the Company ever granted to anyone any option, warrants or other rights to purchase securities.

All executive officers of the Company as a group (two persons) received compensation (comprised solely of said directors' fees) aggregating $24,000 during fiscal 2014 (which excludes professional fees paid to the law firm of which I. Robert Harris, secretary of the Company, is a member).

Additional information about directors may be requested by any shareholder without charge, by telephoning the company’s secretary, I. Robert Harris, collect at 212-682-8383, extension 739.

Sincerely

TRIDAN CORP.

/S/ Peter Goodman

Peter Goodman, President

Tridan Corp.

Financial Statements

April 30, 2014 and 2013

Tridan Corp.

Contents

April 30, 2014 and 2013

	Page(s)
Report of Independent Registered Public Accounting Firm	1
Financial Statements
Statements of Assets and Liabilities April 30, 2014 and 2013	2
Schedules of Investments in Municipal Obligations April 30, 2014 and 2013	3-9
Statements of Operations Years Ended April 30, 2014 and 2013	10
Statements of Changes in Net Assets Years Ended April 30, 2014, 2013 and 2012	11
Notes to Financial Statements	12-19

Tridan Corp.

Contents

April 30, 2014 and 2013

Report of Independent Registered Public Accounting Firm

To the Shareholders and Board of Directors

Tridan Corp.

We have audited the accompanying statements of assets and liabilities of Tridan Corp. (the “Company”), including the schedules of investments in municipal obligations, as of April 30, 2014 and 2013, and the related statements of operations for the years then ended, the statement of changes in net assets for each of the three years in the three-year period ended April 30, 2014, and the financial highlights (see Note 7) for each of the five years in the five-year period ended April 30, 2014. These financial statements and financial highlights are the responsibility of the Company's management.  Our responsibility is to express an opinion on these financial statements and financial highlights based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States).  Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement.  An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements.  Our procedures included confirmation of securities owned, as of April 30, 2014 and 2013, by correspondence with the custodian.  An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation.  We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements and financial highlights referred to above present fairly, in all material respects, the financial position of Tridan Corp. as of April 30, 2014 and 2013, the results of its operations for the years then ended, the changes in its net assets for each of the three years in the three-year period ended April 30, 2014, and its financial highlights for each of the five years in the five-year period ended April 30, 2014, in conformity with accounting principles generally accepted in the United States of America.

/s/ WeiserMazars LLP

New York, NY

June 20, 2014

Tridan Corp.

Statements of Assets and Liabilities

April 30, 2014 and 2013

	2014			2013
Assets
Investments in municipal obligations, at fair value (original cost - $37,282,667 and $37,173,253, respectively) (amortized cost - $35,667,040 and 35,559,245, respectively)	$	37,906,953		$	38,789,635
Cash and cash equivalents		541,730			697,561
Prepaid expenses and other current assets		3,719			6,723
Accrued interest receivable		497,593			503,943
Total assets		38,949,995			39,997,862
Liabilities
Accrued liabilities:
Accrued investment advisory and custodian fees		66,469			66,260
Accrued fees - affiliate		19,242			18,845
Accrued other		11,750			28,464
Common stock redemption payable		9,212			-
Total liabilities		106,673			113,569
Net assets	$	38,843,322		$	39,884,293
Analysis of net assets
Common stock, at $.02 par value, 6,000,000 shares authorized	$	63,982		$	63,982
Paid-in capital		37,816,314			37,816,314
Treasury stock		(1,250,964	)		(1,218,171	)
Distributable earnings:
Over distributed net investment income		(25,921	)		(21,790	)
Undistributed capital gains (losses)		-			13,568
Unrealized appreciation of investments, net		2,239,911			3,230,390
Net assets [equivalent to $12.56 and $12.88 per share, respectively, based on 3,093,646.6357 shares and 3,096,253.8234 shares of common stock outstanding, respectively]	$	38,843,322		$	39,884,293

The accompanying notes are an integral part of these financial statements.

2

Tridan Corp.

Schedules of Investments in Municipal Obligations

April 30, 2014 and 2013

	2014						2013
	Principal		Amortized		Fair		Principal		Amortized		Fair
	Amount		Cost		Value		Amount		Cost		Value
Insured
Ardsley New York Union Free
School District Unlimited Tax
4.0% due June 15, 2016	$	460,000	$	464,486	$	494,242	$	460,000	$	466,676	$	503,231
Bethlehem NY Central School District
Ref Unlimited Tax
5.0% due November 1, 2015		500,000		508,401		535,075		500,000		513,245		555,535
Village of Briarcliff Manor New York
Pub Impt Unlimited Tax
5.0% due September 1, 2017		215,000		223,266		244,967		215,000		226,024		254,111
Village of Briarcliff Manor New York
Pub Impt Unlimited Tax
5.0% due September 1, 2015		310,000		314,980		329,539		310,000		319,986		342,355
Brookhaven NY Unlimited Tax
		450,000		505,517		539,015		450,000		515,524		559,040
Cattaraugus County NY Public
Impt Ref Unlimited Tax
(Par Call June 1, 2013 @100)
5.0% due June 1, 2015		275,000		274,357		276,077		275,000		276,924		276,111
Clarkstown NY Central School District F
Strict BDS 2004 Unlimited Tax
(Par Call April 15, 2014 @100)
5.25% due April 15, 2015		35,000		35,185		35,152		35,000		35,542		36,709
City of New York NY Public Impts
Unlimited Tax
(Par Call August 1, 2014 @100)
5.0% due August 1, 2017		-		-		-		260,000		264,254		275,223
City of New York Transitional
Fin Bldg Aid Rev Fiscal 2007
5.0% due July 15, 2016		750,000		766,799		823,920		750,000		774,396		856,928
N.Y.S. Dormitory Authority Revs
Non St Supported Debt Sch Dist Fing Prog
(Par Call October 1, 2017 @100)
5.0% due October 1, 2018		430,000		442,783		481,501		430,000		446,516		490,161

N.Y.S. Dormitory Authority Revs
Non St Supported Debt Sch Dist Fing Prog
(Par Call October 1, 2017 @100)
5.0% due October 1, 2019	585,000	600,675	647,203	585,000	605,252	666,110

The accompanying notes are an integral part of these financial statements.

3

Tridan Corp.

Schedules of Investments in Municipal Obligations

April 30, 2014 and 2013

	2014						2013
	Principal		Amortized		Fair		Principal		Amortized		Fair
	Amount		Cost		Value		Amount		Cost		Value
Insured (continued)
N.Y.S. Dormitory Authority Revs
Non St Supported Debt Insd Sien College
(Par Call July 1, 2016 @100)
5.0% due July 1, 2020	$	1,000,000	$	1,023,875	$	1,091,360	$	1,000,000	$	1,027,735	$	1,129,380
N.Y.S. Dormitory Authority Revs
Non St Supported Debt St Johns Univ - Insd
5.25% due July 1, 2021		1,000,000		1,060,025		1,180,200		1,000,000		1,068,358		1,235,770
N.Y.S. Dormitory Authority Revs
City University Sys Ref Cons 5th Gen
5.5% due July 1, 2019		1,000,000		1,047,406		1,197,680		1,000,000		1,056,749		1,245,880
N.Y.S. Dormitory Authority Revs
Supported Debt Mental Health Svcs Facs
Impt (Par Call February 15, 2015 @100)
5.0% due February 15, 2021		1,035,000		1,040,884		1,074,568		1,035,000		1,045,988		1,114,674
N.Y.S. Dormitory Authority Revs
5.5% due May 15, 2018		1,155,000		1,210,855		1,351,027		1,155,000		1,224,696		1,406,178
N.Y.S. Local Govt Assistance Corp Ref:
5.5% due April 1, 2017		240,000		247,916		264,331		240,000		250,427		273,185
N.Y.S. Local Govt Assistance Corp Ref:
5.5% due April 1, 2017		700,000		747,731		770,966		700,000		764,043		796,789
Niagara Falls Bridge Commission
NY Toll Rev Highway Impts
5.25% due October 1, 2015		435,000		439,057		443,348		780,000		792,249		806,933
Pleasantville New York Public Impt
Unlimited Tax
5.0% due January 1, 2016		440,000		447,658		473,950		440,000		451,970		492,936
Commonwealth of Puerto Rico
Highway Transportation Auth Rev Ref
6.25% due July 1, 2016		175,000		184,081		182,537		275,000		291,848		307,117
Commonwealth of Puerto Rico
Highway Transportation Auth Rev Ref
Pre-Refunded
6.25% due July 1, 2016		10,000		10,442		11,276		10,000		10,613		11,816
Puerto Rico Commonwealth Highway
and Transportation Auth Transn Rev
5.5% due July 1, 2015		-		-		-		500,000		515,754		534,210

The accompanying notes are an integral part of these financial statements.

4

Tridan Corp.

Schedules of Investments in Municipal Obligations

April 30, 2014 and 2013

	2014							2013
	Principal		Amortized		Fair			Principal		Amortized		Fair
	Amount		Cost		Value			Amount		Cost		Value
Insured (continued)
Sales Tax Asset Receivable Corp New York
(Par Call October 15, 2014 @100)
5.0% due October 15, 2021	$	200,000	$	172,658	$	204,380		$	200,000	$	201,789	$	212,960
Queensbury NY Union Free School
District Ref Unlimited Tax
4.0% due December 15, 2018		225,000		244,286		252,743			225,000		248,451		260,692
Sachem Central School District
NY Holbrook Ref Unlimited Tax
5.25% due October 15, 2019		500,000		525,642		601,030			500,000		530,314		626,020
Sales Tax Receivable Corp
NY Public Impt.
(Par Call October 15, 2014 @100)
5.0% due October 15, 2017		275,000		279,757		281,023			275,000		284,786		293,321
Triborough Bridge & Tunnel Authority NY
General Purpose Revs
5.5% due November 15, 2019		-		-		-			1,000,000		1,072,861		1,258,650
Hilton NY Central School District
Unlimited Tax
4.0% due June 15, 2019		500,000		564,900		561,405			500,000		577,554		577,495
Bethlehem NY Central School District
Unlimited Tax
4.0% due January 15, 2021		500,000		553,511		558,850			500,000		561,477		576,690
Rockville Center NY
Limited Tax
4.0% due June 15,2022		200,000		228,927		222,131			200,000		232,472		232,586
Rhinebeck NY Central School District
Unlimited Tax
(Par Call June 15, 2023)
4.0% due June 15, 2025		535,000		594,080		577,178			535,000		600,550		606,990
		14,135,000		14,760,140		15,706,674			16,340,000		17,255,023		18,815,786
						40.4	%(*)				.		47.2	%(*)
Revenue Backed
City of New York NY Municipal Water
Fin Auth Wtr. & Sewer Rev Fiscal 2009
(Par Call June 15, 2018 @100)
5.625% due June 15, 2024	$	1,000,000	$	993,721	$	1,182,240		$	1,000,000	$	992,388	$	1,221,280
(Par Call June 15, 2019 @100)
5.0% due June 15, 2027		500,000		515,528		571,290			500,000		518,555		599,445

The accompanying notes are an integral part of these financial statements.

5

Tridan Corp.

Schedules of Investments in Municipal Obligations

April 30, 2014 and 2013

	2014						2013
	Principal		Amortized		Fair		Principal		Amortized		Fair
	Amount		Cost		Value		Amount		Cost		Value
Revenue Backed (continued)
City of New York Transitional Finance
Auth Rev Sub Future Tax Secured
(Par Call November 1, 2019 @100):
5.0% due November 1, 2020	$	500,000	$	536,608	$	591,620	$	500,000	$	542,753	$	617,975
5.0% due November 1, 2021		1,000,000		1,072,823		1,183,240		1,000,000		1,085,799		1,220,330

Cold Spring Hbr. NY Central School District
Ref. Unlimited Tax
5.0% due February 1, 2016	100,000	104,142	108,004	100,000	107,684	112,213
Greece NY Central School District
Unlimited Tax
(Par Call December 15, 2022 @100)
5.0% due December 15, 2023	500,000	585,231	586,830	500,000	594,873	617,580
Nassau County New York
Gen. Impt. Unlimited tax
(Par Call October 1, 2020 @100)
4.0% due October 1, 2022	550,000	574,892	581,971	550,000	578,955	604,373
N.Y.S. Dormitory Authority
St. Pers. Income Tax Rev. Ed.
(Par Call March 15, 2018 @100)
5.0% due March 15, 2022	750,000	776,523	857,940	750,000	784,478	885,735
(Par Call March 15, 2018 @100)
5.5% due March 15, 2025	500,000	550,517	628,790	500,000	555,159	661,995
5.5% due March 15, 2026	200,000	259,703	251,916	200,000	264,728	266,740
N.Y.S. Dormitory Authority
Mental Health Services FACS
(Par Call August 15, 2020 @100)
5.0% due August 15, 2023	420,000	425,443	480,480	420,000	426,423	509,460
N.Y.S Dormitory Authority
Revs. Nonst. Supported debt
(Par Call July 1, 2018 @100)
5.0% due July 1, 2029	300,000	300,000	337,686	300,000	300,000	345,819
New York Environmental Facilities Corp
Pollution Control Rev St Water NYC 02
(Par Call June 15, 2016 @100)
5.0% due June 15, 2018	1,000,000	1,014,102	1,097,010	1,000,000	1,020,659	1,137,020
New York NY Unlimited Tax
5.0% due August 1, 2023	510,000	556,135	586,973	510,000	563,504	618,237

The accompanying notes are an integral part of these financial statements.

6

Tridan Corp.

Schedules of Investments in Municipal Obligations

April 30, 2014 and 2013

	2014						2013
	Principal		Amortized		Fair		Principal		Amortized		Fair
	Amount		Cost		Value		Amount		Cost		Value
Revenue Backed (continued)
N. Y.S. Thruway Authority
St Pers Income Tax Rev Transn
5.25% due March 15, 2019	$	750,000	$	781,560	$	888,698	$	750,000	$	788,031	$	923,520
N.Y. Unlimited Tax
5.0% due August 1, 2026		350,000		353,785		403,701		350,000		354,494		414,666
N.Y.S. Urban Development Corp.
Rev. Ref. Svc. Contract
(Par Call August 1, 2019)
5.0% due January 1, 2017		225,000		236,503		251,114		225,000		240,809		258,397

Pawling NY Central School District
Ref. Unlimited Tax
4.0% due November 15, 2015	330,000	342,775	348,058	330,000	351,043	356,179
Port Authority of New York and New Jersey
(Par Call October 1, 2016 @100)
5.0% due October 1, 2027	300,000	302,885	326,688	300,000	304,137	336,495
5.375% due March 1, 2028	150,000	154,335	178,472	150,000	154,648	188,955
(Par Call January 15, 2016 @100)
5.0% due July 15, 2030	200,000	199,909	211,494	200,000	199,858	219,542
Starpoint NY Central School District
Ref Unlimited Tax
5.0% due June 15, 2018	850,000	963,317	977,679	850,000	990,492	1,011,475
State of New York Local Government
Assistance Corp. SR. Lien Refunding Bonds
(Par Call April 1, 2018 @100)
5.0% due April 1, 2019	200,000	209,782	230,424	200,000	212,860	238,842
Clarkstown NY Central
School District
4.0% due May 15, 2019	500,000	562,351	563,740	-	-	-
Wantagh NY Union
Free School District
5.0% due September 1, 2021	550,000	648,473	664,543	-	-	-
Central Islip NY Union Free
School District Ref Unlimited
5.0% due July 15, 2022	750,000	922,559	901,838	-	-	-
Syosset NY Central School
5.0% due December 15, 2022	125,000	145,412	149,616	-	-	-

The accompanying notes are an integral part of these financial statements.

7

Tridan Corp.

Schedules of Investments in Municipal Obligations

April 30, 2014 and 2013

	2014							2013
	Principal		Amortized		Fair			Principal		Amortized		Fair
	Amount		Cost		Value			Amount		Cost		Value
Revenue Backed (continued)
Brentwood NY UN Free School
District RED Unlimited
5.0% due January 15, 2023	$	430,000	$	487,025	$	521,774		$	-	$	-	$	-
Battery Park City NY
5.0% due January 15, 2029		140,000		159,318		162,249			-		-		-
Connetquot NY Central School
District Unlimited Tax
5.0% due January 15, 2024		400,000		451,780		483,988			-		-		-
Syosset NY Central School District
5.0% due December 15, 2022		435,000		496,695		506,623			-		-		-
5.0% due December 15, 2022		300,000		337,955		346,632			-		-		-
NYC Transitional Fin Auth
Rev Future Tax
5.0% due November 1, 2026		550,000		616,546		635,729			-		-		-
Util Debt Securitization
5.0% due December 15, 2028		500,000		556,375		587,160			-		-		-
		15,865,000		17,194,708		18,386,210			11,185,000		11,932,330		13,366,273
						47.3	%(*)						33.5	%(*)
Pre-refunded
Triborough Bridge & Tunnel Authority NY
General Purpose Revs
(Escrowed to Maturity)
5.5% due January 1, 2017	$	590,000	$	591,766	$	636,079		$	720,000	$	721,283	$	795,089
City of New York NY Public Impts
Unlimited Tax
(Par Call August 1, 2014 @100)
5.0% due August 1, 2017		-		-		-			240,000		243,927		254,088
Starpoint NY Central School District
Ref Unlimited Tax
5.0% due June 15, 2020		250,000		291,973		293,527			250,000		298,815		306,485
		840,000		883,739		929,606			1,210,000		1,264,025		1,355,662
						2.4	%(*)						3.4	%(*)
General Obligations
Plainview Old Bethpage New York Central
School District Ref Unlimited Tax
5.0% due December 15, 2020	$	250,000	$	274,544	$	300,298		$	250,000	$	278,244	$	319,340

The accompanying notes are an integral part of these financial statements.

8

Tridan Corp.

Schedules of Investments in Municipal Obligations

April 30, 2014 and 2013

	2014							2013
	Principal		Amortized		Fair			Principal		Amortized		Fair
	Amount		Cost		Value			Amount		Cost		Value
General Obligations (continued)
Riverhead NY Limited Tax
4.0% due June 1, 2021	$	1,005,000	$	1,113,680	$	1,138,203		$	1,005,000	$	1,129,002	$	1,188,593
		1,255,000		1,388,224		1,438,501			1,255,000		1,407,246		1,507,933
						3.7	%(*)						3.8	%(*)
Short-term
Ardsley New York Union Free
School District Unlimited Tax
5.0% due June 15, 2014	$	415,000	$	415,311	$	417,476		$	415,000	$	421,968	$	434,829
Unadilla Valley New York Central School
District Ref Unlimited Tax
4.0% due June 15, 2014		500,000		501,327		502,330			500,000		512,098		519,450

Cattaraugus County NY Public
Impt Ref Unlimited Tax
(Par Call June 1, 2013 @100)
5.0% due June 1, 2014		275,000		273,566		276,117			275,000		276,376		276,130
Suffolk Cnty. NY Wtr. Auth. Wtrwks, Rev.
(Par Call June 1, 2013 @100)
4.75% due June 1, 2021		-		-		-			470,000		470,556		471,771
									-		-		-
Massapequa New York Union Free
School District Unlimited Tax
4.0% due June 15, 2013		-		-		-			300,000		300,805		301,302
N.Y.S. Dormitory Authority Rev
Cons City Univ Genl Sys 2nd Ser
5.75% due July 1, 2013		-		-		-			60,000		60,300		60,554
Long Island Power Auth NY Elec Sys Rev
5.5% due December 1, 2013		-		-		-			1,005,000		1,028,727		1,035,602
Clarkstown NY Central School District F
Strict BDS 2004
(Pre-Refunded April 15, 2014 @100)
5.25% due April 15, 2015		-		-		-			365,000		370,644		382,483
Erie County NY Indl Dev Agency
Sch Fac Rev Sch Dist Buffalo Proj
5.0% due May 1, 2014		250,000		250,025		250,039			250,000		259,147		261,860
		1,440,000		1,440,229		1,445,962			3,640,000		3,700,621		3,743,981
						3.7	%(*)						9.4	%(*)
	$	33,535,000	$	35,667,040	$	37,906,953		$	33,630,000	$	35,559,245	$	38,789,635
						97.6	%(*)						97.3	%(*)
(*)   Represents percentage of net assets.
					$	38,843,322						$	39,884,293

9

Tridan Corp.

Statements of Operations

Years Ended April 30, 2014 and 2013

	2014			2013
Investment income
Interest	$	1,669,519		$	1,706,720
Amortization of bond premium and discount - net		(445,029	)		(413,564	)
Total investment income		1,224,490			1,293,156
Expenses
Investment advisory fees		110,103			112,224
Custodian fees		7,615			7,889
Professional fees		132,580			132,050
Directors' fees		77,000			77,000
Administrative and accounting		72,000			72,000
Insurance and other expenses		13,058			14,380
Total expenses		412,356			415,543
Net investment income		812,134			877,613
Realized and unrealized gain on investments
Net realized  gain on investments		191,544			27,167
Net unrealized (depreciation) appreciation on investments		(990,479	)		(55,888	)
Net realized and unrealized gain (loss) on investments		(798,935	)		(28,721	)
Net increase in net assets resulting from operations	$	13,199		$	848,892

10

Tridan Corp.

Statements of Changes in Net Assets

Years Ended April 30, 2014, 2013 and 2012

	2014			2013			2012
Change in net assets resulting from operations
Net investment income	$	812,134		$	877,613		$	952,762
Net realized gain on investments		191,544			27,167			17,661
Unrealized (depreciation) appreciation on investments		(990,479	)		(55,888	)		1,700,833
Net increase in net assets resulting from operations		13,199			848,892			2,671,256
Distributions to shareholders from
Net investment income		(829,832	)		(867,805	)		(930,915	)
Capital gains		(191,544	)		-			-
Redemptions of shares
2,607.1877 shares, 5,625.2271 shares and 1,198.2381 shares, respectively		(32,794	)		(72,430	)		(15,396	)
Total (decrease) increase		(1,040,971	)		(91,343	)		1,724,945
Net assets
Beginning of year		39,884,293			39,975,636			38,250,691
End of year	$	38,843,322		$	39,884,293		$	39,975,636

11

Tridan Corp.

Notes to Financial Statements

Years Ended April 30, 2014 and 2013

1. Significant Accounting Policies

The following is a summary of the significant accounting policies followed by Tridan Corp. (the "Company"), a closed‑end, non‑diversified management investment company, registered under the Investment Company Act of 1940, in the preparation of its financial statements.

Recently issued accounting standards

In December 2011, the FASB issued ASU 2011-11, “Disclosures about Offsetting Assets and Liabilities” ("FASB ASU 2011-11"). FASB ASU 2011-11 adds certain additional disclosure requirements about financial instruments and derivative instruments that are subject to offsetting and related arrangements. The new disclosures are required for annual reporting periods beginning on or after January 1, 2013, and interim periods within those annual periods. As the amendment impacts disclosure only, it will have no effect on the Company’s financial condition or results of operations.

In June 2013, the FASB issued ASU-2013-08, Amendments to the scope, measurement and disclosure requirements for Investment Companies under Generally Accepted Accounting Principles in the United States of America (“GAAP”).  The amendments do all of the following:

1. Change the approach to the investment company assessment in Topic 946, clarify the characteristics of an investment company, and provide comprehensive guidance for  assessing whether an entity is an investment company.

2. Require an investment company to measure non-controlling ownership interests in other investment companies at fair value rather than using the equity method of accounting.

3. Require the following additional disclosures:

(a) the fact that the entity is an investment company and is applying the guidance in Topic 946,

(b) information about changes, if any, in an entity’s status as an investmentcompany, and

(c) information about financial support provided or contractually required to be provided by an investment company to any of its investees.

The amendment in this update is effective for an entity’s interim and annual reporting periods in fiscal years that begin after December 15, 2013.  Earlier application is prohibited.

The Company believes that this amendment will have no effect on the Company’s financial statements or disclosures.

12

Tridan Corp.

Notes to Financial Statements

Years Ended April 30, 2014 and 2013

Acquisition and valuation of investments

Investment transactions are accounted for on the date the securities are purchased/sold (trade date) and interest on securi­ties acquired/sold is included in income from/to the settlem­ent date.  Short-term investments are stated at cost, which is equivalent to fair value.

Fair values for the Company's investments in municipal obligations have been determined based on the bid price of the obligation.  Securities for which quotations are not readily available are valued at fair value as determined by the board of directors.  There were no securities valued by the board of directors, for which quotations were not readily available, as of April 30, 2014 and 2013.

Amortization of bond premium or discount

In determining investment income, bond premiums or discounts are amortized over the remaining term of the obligation.

Income taxes

It is the Company's policy to comply with the requirements of the Internal Revenue Code that are applicable to regulated investment companies and to distribute substantially all of its taxable income to its shareholders. The Company also intends to distribute sufficient net investment income and net capital gains, if any, so that it will not be subject to excise tax on undistributed income and gains.  Therefore, no income tax provision is required.

The Company recognizes the tax benefits of uncertain tax positions only where the position is “more likely than not” to be sustained assuming examination by tax authorities.  Management has analyzed the Company’s tax positions, and has concluded that no liability for unrecognized tax benefits should be recorded.

The Company identifies its major tax jurisdictions as U.S. Federal, New York State and New York City where the Company makes significant investments; however, the Company is not aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will change materially in the next twelve months. Generally, the Company’s tax returns are subject to examination by Federal, state and local authorities for a period of three years from the later of the due date of such returns or the actual date the returns were filed.

Interest income from municipal investments are exempt from Federal and state income taxes.

Distributions to shareholders

Dividends to shareholders from net investment income, if any, are paid quarterly.  Distribution of capital gains, if any, are made at least annually, and as required to comply with Federal excise tax requirements. Dividends to shareholders are determined in accordance with tax regulations and are recorded on the ex-dividend date.

13

Tridan Corp.

Notes to Financial Statements

Years Ended April 30, 2014 and 2013

Cash and cash equivalents

The Company considers all investments that can be liquidated on demand to be cash equivalents.

Use of estimates

The preparation of financial statements, in conformity with GAAP, requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in net assets from operations during the reporting period.  Actual results could differ from those estimates. Significant estimates are used in determining the fair value of investments.

Concentration of credit risk

The Company’s financial instruments that are exposed to concentrations of credit risk consist primarily of cash and cash equivalents and investments.  The Company maintains all of its cash on deposit in one financial institution.  The cash and cash equivalent balance at April 30, 2014 was approximately $542,000.  The value of the Company's investments may be subject to possible risks involving, among other things, the continued credit worthiness of the various state and local government agencies and public financing authorities underlying its investments.

Fair value of financial instruments

The carrying amounts for accrued interest receivables and accrued liabilities reflected in the financial statements approximate fair value because of the short maturities of these items.  The company accounts for its investments in municipal obligations in accordance with the accounting guidance for investment companies (FASB ASC 946).  See Note 1 “Acquisition and Valuation of Investments” for a description of the valuation methodology which is unchanged as of April 30, 2014 and 2013.  FASB ASC 820 clarifies the definition of fair value, prescribes methods for measuring fair value, establishes a fair value hierarchy based on the inputs used to measure fair value and expands disclosures about the use of fair value measurements.  The valuation techniques required by FASB ASC 820 are based upon observable and unobservable inputs.  Observable inputs reflect market data obtained from independent sources, while unobservable inputs reflect internal market assumptions.

These two types of inputs create the following fair value hierarchy:

Level 1 – Unadjusted quoted prices in active markets for identical assets or liabilities that a company has the ability to access.

14

Tridan Corp.

Notes to Financial Statements

Years Ended April 30, 2014 and 2013

Level 2 – Observable inputs other than quoted prices included in level 1 that are observable for the asset or liability either directly or indirectly.  These inputs may include quoted prices for the identical instrument in an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risks, yield curves, default rates, and similar data.

Level 3 – Unobservable inputs for the asset or liability to the extent that relevant observableinputs are not available, representing a company’s own assumptions about the assumptions that a market participant would use in valuing the asset or liability,and that would be based on the best information available.

The Company’s investments in municipal obligations are all considered as Level 2 instruments.

The following table presents the Company’s financial assets that are measured at fair value as of April 30, 2014 and 2013:

	Quoted Prices for Identical Instruments in Non-active Markets (Level 2)
	April 30,
	2014		2013
Investments in municipal obligations	$	37,906,953	$	38,789,635
Total investments at fair value	$	37,906,953	$	38,789,635

The Company utilizes quoted market prices for it securities owned, when available. Instruments classified as Level 2 are valued using industry-standard models or other valuation methodologies calibrated to observable market inputs.  These models consider various assumptions regarding the security or securities with similar characteristics, such as trade data, bid price or spread, two sided markets, quotes, benchmark curves, and market data feeds, as well as other measurements.

In the notes to its financial statements for the year ended April 30, 2013, the Company classified the inputs to determine the fair value of the investments in municipal obligations as Level 1 in the fair value hierarchy; however, the Company has reclassified such investments in  municipal obligations as Level 2 for all periods presented because the Company’s fair value determination was made using significant observable inputs other than quoted prices included in Level 1 that are observable either directly or indirectly.

Reclassifications

Certain reclassifications have been made to the prior year financial statements to conform to the current year presentation.

15

Tridan Corp.

Notes to Financial Statements

Years Ended April 30, 2014 and 2013

2. Cash and Cash Equivalents

Cash and cash equivalents consist of the following:

	April 30,
	2014		2013
Cash – demand deposits	$	541,730	$	697,561

3. Accrued Liabilities

Accrued liabilities consist of the following at:

	April 30,
	2014		2013
Accrued investment advisory and custodian fees (a)	$	66,649	$	66,620
Accrued fees - affiliate (b)	$	19,242	$	18,845
Accrued other:
Accrued audit fees (c)	$	11,750	$	28,239
Accrued administrative and accounting expenses		-0-		225
	$	11,750	$	28,464

(a) The Company utilizes the services of J.P. Morgan Investment Management, Inc. as its investment advisor and J.P. Morgan Chase Bank N.A. as its custodian for its investment­s.  The annual advisory fee is .28 of one percent and the custody fee is .02 of one percent of the net assets under management.  The fee is computed and payable quarterly, based on the aggregate fair value of the net assets on the last day of each fiscal quarter.

(b) For the years ending April 30, 2014 and 2013, the Company incurred legal fees of approximately $86,000 and $85,000, respectively, for professional fees paid to the law firm of which an officer of the Company is a member.

(c) For the years ending April 30, 2014 and 2013, the Company incurred audit fees of approximately $47,000 each year.

4. Investment Transactions

Purchases and sales of investments in municipal obligations (excluding short-term and demand investments) amounted to approximately $5,437,000 and $4,884,000, respectively, for the year ended April 30, 2014, and $1,984,000 and $1,841,000, respectively, for the year ended April 30, 2013.

16

Tridan Corp.

Notes to Financial Statements

Years Ended April 30, 2014 and 2013

The U.S. Federal income tax basis (aggregate cost) of the Company’s investments, at April 30, 2014 and 2013, was approximately $35,667,000 and $35,559,000, respectively, and net unrealized appreciation, at April 30, 2014 and 2013, for U.S. Federal income tax purposes was approximately $2,240,000 and $3,230,000, respectively (gross unrealized appreciation of approximately $2,278,000 and $3,230,000, respectively; gross unrealized depreciation of approximately $38,000 and $0, respectively).

5. Common Stock, Share Redemption Plan and Net Asset Values

At April 30, 2014 and 2013, there were 6,000,000 shares of $0.02 par value common stock authorized of which 3,199,100 had been issued aggregating $63,982.

The Company has a share redemption plan applicable to 30,865 shares and 33,472 shares, respectively, of outstanding common stock, at April 30, 2014 and 2013.  The plan permits eligible shareholders or their estates to have their shares redeemed upon reaching age 65 or upon death.  Shares are redeemed at the net asset value per share, based on fair value, as of the end of the Company's fiscal quarter in which the request for redemp­tion is received.  At April 30, 2014 and 2013, 105,453.3643 shares ($1,250,964) and 102,846.1766 shares ($1,218,171), respectively, had been redeemed under this plan.

The net asset value per share is calculated by dividing the aggregate fair value of all assets less the aggregate fair value of all liabilities by the number of common shares outstanding at the end of the period.

The net asset values per share and the shares outstanding are as follows:

	April 30,
	2014		2013
Net asset value	$	12.56	$	12.88
Shares outstanding at:
April 30, 2014		3,093,646.6357
April 30, 2013		3,096,253.8234

17

Tridan Corp.

Notes to Financial Statements

Years Ended April 30, 2014 and 2013

6. Distributions

During the years ended April 30, 2014, 2013 and 2012, distributions of $1,021,376 ($.33 per share), $867,805 ($.28 per share) and $930,915 ($.30 per share), respectively, were declared and paid to shareholders, substantially all of which were exempt from Federal income taxes.

The tax character of distributions paid during the years ending April 30, 2014, 2013 and 2012 were as follows:

	2014		2013		2012
Distributions paid from investment income:
Tax-exempt investment income, net	$	829,832	$	867,805	$	930,915
Capital gains		191,544		-		-
	$	1,021,376	$	867,805	$	930,915

As of April 30, 2014, 2013 and 2012, the components of distributable earnings on a tax basis are as follows:

	2014			2013			2012
Over-distributed tax-exempt investment income, net	$	(25,921	)	$	(21,790	)	$	(31,599	)
Over-distributed taxable investment income		-			-			-
Over-Undistributed capital gains (losses)		-			13,568			(13,599	)
Unrealized appreciation of investments, net		2,239,911			3,230,390			3,286,278
	$	2,213,990		$	3,222,168		$	3,241,080

Capital loss carryforwards as of April 30, 2014 and 2013 were $0 and $0, respectively. The Company had no capital reclassification related to permanent book/tax differences for years ending April 30, 2014, 2013 and 2012.  There were no significant differences between total GAAP basis net investment income and net realized gain, and actual distributions for the years ended April 30, 2014 and 2013.

18

Tridan Corp.

Notes to Financial Statements

Years Ended April 30, 2014 and 2013

7. Financial Highlights

Selected per share data and ratios are as follows:

	For the Years Ended April 30,
	2014			2013			2012			2011			2010
Per share operating performance:
(For a share of common stock outstanding throughout the year):
Net asset value, beginning of year	$	12.88		$	12.89		$	12.33		$	12.32		$	12.12
Income from investment operations:		.26			.28			.31			.31			.34
Net investment income
Net realized and unrealized gain (loss) on investments		(.26	)		(.01	)		.55			.02			.02
Total from investment operations		-0-			.27			.86			.33			.54
Less distributions:
Dividends (from net investment income)		(.27	)		(.28	)		(.30	)		(.32	)		(.34	)
Capital gains		(.06	)		(.00	)		(.00	)		(.00	)		(.00	)
Total distributions		(.33	)		(.28	)		(.30	)		(.32	)		(.34	)
Net asset value - end of year	$	12.56		$	12.88		$	12.89		$	12.33		$	12.32
Per share market value - end of year	$	12.56		$	12.88		$	12.89		$	12.33		$	12.32
*Total investment return		0.00	%		2.10	%		6.97	%		2.68	%		4.46	%
Ratios/Supplemental Data:
Net assets, end of year (in 000s)	$	38,843		$	39,884		$	39,976		$	38,251		$	38,237
Ratio of expenses to average net assets		1.05	%		1.04	%		1.01	%		1.07	%		1.05	%
Ratio of net investment income to average net assets		2.06	%		2.20	%		2.43	%		2.51	%		2.78	%
Portfolio turnover rate		12.41	%		4.87	%		12.16	%		15.16	%		13.65	%
Average (simple) number of shares outstanding (in thousands)		3,095			3,099			3,102			3,104			3,105

* Total investment return is calculated by dividing the change in market value of a share of common stock during the year, assuming the reinvestment of dividends on the payment date, by the per share market value at the beginning of the year and has been recalculated for all prior periods presented.

19

Item 2. Code of Ethics

The registrant has adopted a code of ethics that applies to its principal executive officer, principal financial officer, and any other person required by applicable SEC rules.  The code of ethics was in effect as of the end of the period covered by this report.  During that period, there were no amendments to the code, and no waivers were granted to anyone from any provision of the code.  A copy of the registrant’s code of ethics is incorporated by reference to Exhibit 1 to the registrant’s Form N-CSR dated June 15, 2010, for its fiscal year ended April 30, 2010, filed electronically with the Securities and Exchange Commission.

Item 3. Audit Committee Financial Expert

The registrant has established an audit committee consisting of three members appointed by the board of directors from the board.  The registrant’s board of directors has determined that the committee chairman, Paul Kramer, is an “audit committee financial expert” and is “independent”, as both terms are defined by applicable SEC rules.

Item 4. Principal Accountant Fees and Services

Incorporated by reference to the registrant’s proxy statement dated June 24, 2014, filed electronically with the SEC.  See section therein entitled “Relationship with and Ratification of Independent Certified Public Accountants”.

Item 5. Audit Committee of Listed Registrants.

Not applicable, because the registrant is not a listed issuer.

Item 6. Investments.

(a) A schedule of registrant’s investments in securities of unaffiliated issuers as of April 30, 2014 is included as part of the report to shareholders filed under Item 1 of this Form.

(b) Not applicable

Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.

Not applicable, because the registrant invests exclusively in non-voting securities.

 ITEM 8: PORTFOLIO MANAGERS OF CLOSED-END MANAGEMENT INVESTMENT COMPANIES.

PORTFOLIO MANAGER

The Managing Director for Tridan Corporation (“Fund”) is as follows:

Richard D. Taormina Richard Taormina, Vice President, is the lead portfolio manager of the Tax Aware Strategies Group.  An employee of J.P. Morgan Investment Management Inc. since 1997, he is responsible for managing municipal mutual funds, institutional fixed income accounts, and quantitative analysis.

 PORTFOLIO MANAGER’S OTHER ACCOUNTS MANAGED

The following tables show information regarding other accounts managed by the portfolio manager of the Fund:

Non-Performance Based Fee Advisory Accounts

Registered Investment Companies

Other Pooled Investment Vehicles

Other Accounts

Number of Accounts

Total Assets

Number of Accounts

Total Assets

Number of Accounts

Total Assets

Richard Taormina

6

$

6,668 million

0

$

0

7

$

87.79 million

Performance Based Fee Advisory Accounts

Registered Investment Companies

Other Pooled Investment Vehicles

Other Accounts

Number of Accounts

Total Assets

Number of Accounts

Total Assets

Number of Accounts

Total Assets

Richard Taormina

0

0

0

0

0

0

POTENTIAL CONFLICTS OF INTEREST

The potential for conflicts of interest exists when portfolio managers manage other accounts with similar investment objectives and strategies as the Funds ("Similar Accounts"). Potential conflicts may include, for example, conflicts between investment strategies and conflicts in the allocation of investment opportunities.

Responsibility for managing the Advisers’ and its affiliates’ clients’ portfolios is organized according to investment strategies within asset classes. Generally, client portfolios with similar strategies are managed by portfolio managers in the same portfolio management group using the same objectives, approach and philosophy. Underlying sectors or strategy allocations within a larger portfolio are likewise managed by portfolio managers who use the same approach and philosophy as similarly managed portfolios. Therefore, portfolio holdings, relative position sizes and industry and sector exposures tend to be similar across similar portfolios and strategies, which minimizes the potential for conflicts of interest.

The Adviser and/or its affiliates may receive more compensation with respect to certain Similar Accounts than that received with respect to the Funds or may receive compensation based in part on the performance of certain Similar Accounts. This may create a potential conflict of interest for the Adviser and its affiliates or the portfolio managers by providing an incentive to favor these Similar Accounts when, for example, placing securities transactions. In addition, the Adviser or its affiliates could be viewed as having a conflict of interest to the extent that the Adviser or an affiliate has a proprietary investment in Similar Accounts, the portfolio managers have personal investments in Similar Accounts or the Similar Accounts are investment options in the Adviser’s or its affiliates’ employee benefit plans. Potential conflicts of interest may arise with both the aggregation and allocation of securities transactions and allocation of investment opportunities because of market factors or investment restrictions imposed upon the Adviser and its affiliates by law, regulation, contract or internal policies. Allocations of aggregated trades, particularly trade orders that were only partially completed due to limited availability and allocation of investment opportunities generally, could raise a potential conflict of interest, as the Adviser or its affiliates may have an incentive to allocate securities that are expected to increase in value to favored accounts. Initial public offerings, in particular, are frequently of very limited availability. The Adviser and its affiliates may be perceived as causing accounts they manage to participate in an offering to increase the Adviser’s and its affiliates’ overall allocation of securities in that offering. A potential conflict of interest also may be perceived to arise if transactions in one account closely follow related transactions in a different account, such as when a purchase increases the value of securities previously purchased by another account, or when a sale in one account lowers the sale price received in a sale by a second account. If the Adviser or its affiliates manage accounts that engage in short sales of securities of the type in which the Fund invests, the Adviser or its affiliates could be seen as harming the performance of the Fund for the benefit of the accounts engaging in short sales if the short sales cause the market value of the securities to fall.

As an internal policy matter, the Adviser or its affiliates may from time to time maintain certain overall investment limitations on the securities positions or positions in other financial instruments the Adviser or its affiliates will take on behalf of its various clients due to, among other things, liquidity concerns and regulatory restrictions. Such policies may preclude a Fund from purchasing particular securities or financial instruments, even if such securities or financial instruments would otherwise meet the Fund’s objectives.

The goal of the Adviser and its affiliates is to meet their fiduciary obligation with respect to all clients. The Adviser and its affiliates have policies and procedures that seek to manage conflicts. The Adviser and its affiliates monitor a variety of areas, including compliance with fund guidelines, review of allocation decisions and compliance with the Advisers’ Codes of Ethics and JPMorgan Chase and Co.’s Code of Conduct. With respect to the allocation of investment opportunities, the Adviser and its affiliates also have certain policies designed to achieve fair and equitable allocation of investment opportunities among its clients over time. For example:

Orders for the same equity security traded through a single trading desk or system are aggregated on a continual basis throughout each trading day consistent with the Adviser’s and its affiliates’ duty of best execution for its clients. If aggregated trades are fully executed, accounts participating in the trade will be allocated their pro rata share on an average price basis. Partially completed orders generally will be allocated among the participating accounts on a pro-rata average price basis, subject to certain limited exceptions. For example, accounts that would receive a de minimis allocation relative to their size may be excluded from the order. Another exception may occur when thin markets or price volatility require that an aggregated order be completed in multiple executions over several days. If partial completion of the order would result in an uneconomic allocation to an account due to fixed transaction or custody costs, the Adviser and its affiliates may exclude small orders until 50% of the total order is completed. Then the small orders will be executed. Following this procedure, small orders will lag in the early execution of the order, but will be completed before completion of the total order.

Purchases of money market instruments and fixed income securities cannot always be allocated pro-rata across the accounts with the same investment strategy and objective. However, the Adviser and its affiliates attempt to mitigate any potential unfairness by basing non-pro rata allocations traded through a single trading desk or system upon objective predetermined criteria for the selection of investments and a disciplined process for allocating securities with similar duration, credit quality and liquidity in the good faith judgment of the Adviser or its affiliates so that fair and equitable allocation will occur over time.

PORTFOLIO MANAGER COMPENSATION

The Adviser’s portfolio managers participate in a competitive compensation program that is designed to attract and retain outstanding people and closely link the performance of investment professionals to client investment objectives. The total compensation program includes a base salary fixed from year to year and a variable performance bonus consisting of cash incentives and restricted stock and may include mandatory notional investments (as described below) in selected mutual funds advised by the Adviser or its affiliates. These elements reflect individual performance and the performance of the Adviser’s business as a whole.

Each portfolio manager’s performance is formally evaluated annually based on a variety of factors including the aggregate size and blended performance of the portfolios such portfolio manager manages. Individual contribution relative to client goals carries the highest impact. Portfolio manager compensation is primarily driven by meeting or exceeding clients’ risk and return objectives, relative performance to competitors or competitive indices and compliance with firm policies and regulatory requirements. In evaluating each portfolio manager’s performance with respect to the mutual funds he or she manages, the funds’ pre-tax performance is compared to the appropriate market peer group and to each fund’s benchmark index listed in the fund’s prospectuses over one, three and five year periods (or such shorter time as the portfolio manager has managed the fund). Investment performance is generally more heavily weighted to the long-term.

Awards of restricted stock are granted as part of an employee’s annual performance bonus and comprise from 0% to 40% of a portfolio manager’s total bonus. As the level of incentive compensation increases, the percentage of compensation awarded in restricted stock also increases. Up to 50% of the restricted stock portion of a portfolio manager's bonus may instead be subject to mandatory notional investment in selected mutual funds advised by the Adviser or its affiliates. When these awards vest over time, the portfolio manager receives cash equal to the market value of the notional investment in the selected mutual funds.

OWNERSHIP OF SECURITIES

	Dollar Range of Shares in the Fund
Name	None	$1 - $10,000	$10,001 - $50,000	$50,001 - $100,000	over $100,000
Richard Taormina	X X

Item 9. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.

Not applicable, because the registrant has no equity securities that are registered pursuant to Section 12 of the Securities Exchange Act of 1934.

Item 10. Submission of Matters to a Vote of Security Holders.

The registrant does not have in place procedures by which shareholders may recommend nominees to the registrant’s board of directors.

Item 11. Controls and Procedures

(a) The registrant’s principal executive and principal financial officers have evaluated the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c)) as of the end of the period covered by this report.  Based on that evaluation, said officers have concluded that the registrant’s disclosure controls and procedures are effective to ensure that information required to be disclosed in this report is recorded, processed, summarized and reported within the required time periods.

(b) There was no change in the registrant’s internal control over financial reporting that occurred during the second fiscal quarter of the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.

Item 12. Exhibits

(a) The following exhibits are filed herewith:

(1) The registrant’s code of ethics described in Item 2 hereof is incorporated by reference to Exhibit 1 to the registrant’s Form N-CSR dated June 15, 2010, for its fiscal year ended April 30, 2010, filed electronically with the Securities and Exchange Commission.

(2) The separate certifications for the registrant’s principal executive and principal financial officers.

SIGNATURES

Pursuant to the requirements of 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.

(Registrant) Tridan Corp.

By (Signature and Title)	/S/ Peter Goodman
	Peter Goodman, President and Chief Executive Officer

Date: June 12, 2014

Pursuant to the requirements of 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 (Signature and Title)	/S/ Peter Goodman
	Peter Goodman, President and Chief Executive Officer

Date: June 12, 2014

By (Signature and Title)	/S/ Warren F. Pelton
	Warren F. Pelton, Treasurer and Chief Financial Officer

Date: June 12, 2014