0000891092-17-003906.txt : 20170515 0000891092-17-003906.hdr.sgml : 20170515 20170515134440 ACCESSION NUMBER: 0000891092-17-003906 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20170331 FILED AS OF DATE: 20170515 DATE AS OF CHANGE: 20170515 EFFECTIVENESS DATE: 20170515 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Crow Point Partners, LLC CENTRAL INDEX KEY: 0001384305 IRS NUMBER: 205509493 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-12447 FILM NUMBER: 17843047 BUSINESS ADDRESS: STREET 1: 10 NEW DRIFTWAY STREET 2: SUITE 203 CITY: SCITUATE STATE: MA ZIP: 02066-4546 BUSINESS PHONE: 781-545-5900 MAIL ADDRESS: STREET 1: 10 NEW DRIFTWAY STREET 2: SUITE 203 CITY: SCITUATE STATE: MA ZIP: 02066-4546 13F-HR 1 primary_doc.xml 13F-HR LIVE false false false 0001384305 XXXXXXXX 03-31-2017 03-31-2017 false Crow Point Partners, LLC

10 New Driftway Suite 203 Scituate MA 02066-4546

13F HOLDINGS REPORT 028-12447 N Peter DeCaprio 781-875-3185 /s/ Peter DeCaprio Hingham MA 05-15-2017 0 282 645918 INFORMATION TABLE 2 infotable.xml Adjustable Rate Mortgage Trust 2005-5 6A22 1.55056 25-SEP-2035 BOND 007036LY0 82 83351 PRN SOLE 83351 0 0 Ameriquest Mortgage Securities 2003-11 AF6 5.64 25-DEC-2033 BOND 03072SLU7 5 5292 PRN SOLE 5292 0 0 Banc of America Commercial Mortgage Inc. Series 2005-3 AM 4.727 10-JUL-2043 BOND 05947UR91 50 50163 PRN SOLE 50163 0 0 Banc of America Funding 2006-2 Trust 2A18 5.75 25-MAR-2036 BOND 05949QAZ8 16 17226 PRN SOLE 17226 0 0 Bear Stearns Commercial Mortgage Securities Trust 2005-TOP20 D 5.114834 12-OCT-2042 BOND 07387BCR2 497 500000 PRN SOLE 500000 0 0 Bear Stearns Commercial Mortgage Securities Trust 2007-PWR18 AMA 6.087 11-JUN-2021 BOND 07401DAG6 307 300000 PRN SOLE 300000 0 0 Countrywide Home Loans Asset-Backed Certificates Series 2002-S4 A5 5.216 25-OCT-2017 BOND 126671UD6 82 82744 PRN SOLE 82744 0 0 Carlyle High Yield Partners X A2A 1.37344 19-APR-2022 BOND 14309DAB6 1 125769 PRN SOLE 125769 0 0 Citigroup Commercial Mortgage Trust 2008-C7 AMA 6.144274 10-DEC-2049 BOND 17313KAJ0 510 500000 PRN SOLE 500000 0 0 DTE Energy Co 6 Debentures 2016-15.12.76 Series F EQUITY 233331867 1042 40000 SH SOLE 0 0 40000 Dash II A1L 1.62122 15-SEP-2035 BOND 25513TAA1 0 166403 PRN SOLE 166403 0 0 Equity One Mortgage Pass Through Trust 2003-4 M1 5.869 25-OCT-2034 BOND 294751DF6 29 30662 PRN SOLE 30662 0 0 Fremont Home Loan Trust 2005-B M4 1.69556 25-APR-2035 BOND 35729PJY7 94 97830 PRN SOLE 97830 0 0 GSAMP Trust 2005-SEA2 A1 1.34056 25-JAN-2045 BOND 362341TM1 35 35545 PRN SOLE 35545 0 0 Hilton Hotels 10/13 Cov-Lite TL 26-Oct-2020 BOND 43289DAC7 62 61458 PRN SOLE 61458 0 0 JP Morgan Chase Commercial Mortgage Securities Trust 2012-CIBX A3 3.1388 15-JUN-2045 BOND 46637WAC7 651 641403 PRN SOLE 641403 0 0 LB-UBS Commercial Mortgage Trust Series 2004-C1 4.568 15-JAN-2031 BOND 52108HYK4 1 878 PRN SOLE 878 0 0 Morgan Stanley Capital I Trust 2006-IQ11 AJ 6.274693 15-MAY-2016 BOND 617453AV7 71 70485 PRN SOLE 70485 0 0 Nomura Asset Acceptance Corporation Alternative Loan Trust Series 2005-AR2 2A2 3.596391 25-MAY-2035 BOND 65535VKD9 4 3920 PRN SOLE 3920 0 0 Option One Mortgage Loan Trust 2005-1 A4 1.79056 25-FEB-2035 BOND 68389FGJ7 18 17943 PRN SOLE 17943 0 0 RASC Series 2003-KS4 Trust AI6 3.87 25-JUN-2033 BOND 76110WRQ1 30 29601 PRN SOLE 29601 0 0 RASC Series 2004-KS2 Trust AI6 4.3 25-MAR-2034 BOND 76110WWG7 6 5499 PRN SOLE 5499 0 0 RAMP Series 2005-RS1 Trust AI6 4.713 25-NOV-2034 BOND 76112BHY9 12 11981 PRN SOLE 11981 0 0 Safeway Inc. EQUITY 786CVR209 0 750000 SH SOLE 0 0 750000 Safeway Inc. EQUITY 786CVR308 0 750000 SH SOLE 0 0 750000 Structured Asset Securities Corporation Mortgage Loan Trust 2006-WF1 M2 1.33056 25-FEB-2036 BOND 863576FJ8 373 400000 PRN SOLE 400000 0 0 SASC 2006-AM1 A4 Mtge BOND 86359XAD5 194 197142 PRN SOLE 197142 0 0 Washington Mutual Mortgage Pass-Through Certificates Series 2003-S12 2A 4.75 25-NOV-2018 BOND 92922FHP6 6 5560 PRN SOLE 5560 0 0 Washington Mutual Mortgage Pass-Through Certificates WMALT Series 2006-7 A1A 6.086 25-SEP-2036 BOND 93935HAA5 20 37721 PRN SOLE 37721 0 0 Crow Point Alternative Income Fund EQUITY 66538B610 4907 597649 SH SOLE 597649 0 0 AllianceBernstein Holding L.P. EQUITY 01881G106 94 4168 SH SOLE 4168 0 0 GREENHUNTER WATER WARRANTS EQUITY ACI06TGH1 0 96112 SH SOLE 0 0 96112 Archer-Daniels-Midland Company EQUITY 039483102 133 2883 SH SOLE 2883 0 0 Automatic Data Processing Inc. EQUITY 053015103 331 3242 SH SOLE 3242 0 0 Alliance Data Systems Corporation EQUITY 018581108 43 171 SH SOLE 171 0 0 American Eagle Outfitters Inc. EQUITY 02553E106 79 5521 SH SOLE 5521 0 0 American Electric Power Company Inc. EQUITY 025537101 29886 445000 SH SOLE 0 0 445000 Aetna Inc. EQUITY 00817Y108 67 525 SH SOLE 525 0 0 AGNC Investment Corp. EQUITY 00123Q104 34 1699 SH SOLE 1699 0 0 Armada Hoffler Properties Inc. EQUITY 04208T108 137 10000 SH SOLE 0 0 10000 Ashford Hospitality Prime Inc 5 1/2 Cum Conv Pfd Shs Series B EQUITY 044102507 924 47100 SH SOLE 0 0 47100 Ashford Hospitality Trust Inc. 7.375 Cum Pfd Registered Shs Series G EQUITY 044103703 481 20000 SH SOLE 0 0 20000 Arlington Asset Investment Corp 6 3/4 Notes 2015-15.3.25 Sr EQUITY 041356502 69 3000 SH SOLE 0 0 3000 Apollo Investment Corporation EQUITY 03761U106 136 20959 SH SOLE 20959 0 0 Arlington Asset Investment Corp. 6.625 01-MAY-2023 EQUITY 041356304 2459 100040 SH SOLE 0 0 100040 Alabama Power Company 6 1/2 Non Cum Pfd Shs EQUITY 010392470 2567 98182 SH SOLE 0 0 98182 Alabama Power Company Non Cumulative Pfd Shs EQUITY 010392488 1584 61434 SH SOLE 0 0 61434 ALLETE Inc. EQUITY 018522300 675 10000 SH SOLE 0 0 10000 Advanced Micro Devices Inc. EQUITY 007903107 74 5055 SH SOLE 5055 0 0 Amgen Inc. EQUITY 031162100 64 388 SH SOLE 388 0 0 Affiliated Managers Group Inc. EQUITY 008252108 306 1868 SH SOLE 1868 0 0 AMERISAFE Inc. EQUITY 03071H100 20 311 SH SOLE 311 0 0 Amazon.com Inc. EQUITY 023135106 428 488 SH SOLE 488 0 0 Aon plc EQUITY G0408V102 85 717 SH SOLE 717 0 0 Apollo Global Management LLC Class A EQUITY 037612306 81 3357 SH SOLE 3357 0 0 Preferred Apartment Communities Inc. EQUITY 74039L103 4053 304075 SH SOLE 4075 0 300000 Aspen Insurance Holdings Ltd 5.625 Non-Cum Perp Pfd Shs EQUITY G05384162 1334 53000 SH SOLE 0 0 53000 American Water Works Company Inc. EQUITY 030420103 19250 250000 SH SOLE 0 0 250000 Anixter International Inc. EQUITY 035290105 87 1112 SH SOLE 1112 0 0 Axis Capital Holdings Ltd Deposit Shs Repr 1/100th 5.50 Non-Cum Pfd Shs Series E EQUITY 05461T305 465 20000 SH SOLE 0 0 20000 Braskem S.A. Sponsored ADR Pfd Class A EQUITY 105532105 38 1886 SH SOLE 1886 0 0 Banc of California Inc. EQUITY 05990K106 213 10198 SH SOLE 10198 0 0 Boeing Company EQUITY 097023105 141 795 SH SOLE 795 0 0 BreitBurn Energy Partners L.P. 8.625 15-OCT-2020 EQUITY 106777AB1 1554 2680000 SH SOLE 0 0 2680000 DEL MONTE FOODS CONSUMER PRODUCTS TERM LOAN 2/18/21 BOND 24521TAB2 233 249375 PRN SOLE 249375 0 0 C. R. Bard Inc. EQUITY 067383109 74 296 SH SOLE 296 0 0 Becton Dickinson and Company EQUITY 075887109 246 1339 SH SOLE 1339 0 0 Big Lots Inc. EQUITY 089302103 43 882 SH SOLE 882 0 0 Bank of America Corp Deposit Shs Repr 1/1000th Non-Cum Pfd Shs Series -CC- EQUITY 060505286 49 1900 SH SOLE 1900 0 0 Banco Latinoamericano de Comercio Exterior S.A. Class E EQUITY P16994132 66 2359 SH SOLE 2359 0 0 Popular Inc. EQUITY 733174700 297 7235 SH SOLE 7235 0 0 Boyd Gaming Corporation EQUITY 103304101 295 13727 SH SOLE 13727 0 0 CBOE Holdings Inc. EQUITY 12503M108 360 4490 SH SOLE 4490 0 0 Condor Hospitality Trust Inc. EQUITY 20676Y403 4935 475000 SH SOLE 0 0 475000 Capital One Financial Corp Deposit Shs Repr 1/40th 6 Non-Cum Pfd Shs Series H EQUITY 14040H840 1218 50000 SH SOLE 0 0 50000 Cullen/Frost Bankers Inc. EQUITY 229899109 286 3197 SH SOLE 3197 0 0 Crow Point Defined Risk Global Equity Income Fund CL I EQUITY 66538A562 835 99667 SH SOLE 99667 0 0 Check Point Software Technologies Ltd. EQUITY M22465104 110 1063 SH SOLE 1063 0 0 Chunghwa Telecom Co. Ltd Sponsored ADR EQUITY 17133Q502 17135 501902 SH SOLE 1902 0 500000 Chimera Investment Corporation EQUITY 16934Q208 122 6062 SH SOLE 6062 0 0 Chatham Lodging Trust EQUITY 16208T102 20464 1050000 SH SOLE 0 0 1050000 Colony NorthStar Inc. 8.5 Cum Red Perp Registered Pfd Shs Series F EQUITY 19625W708 2385 95000 SH SOLE 0 0 95000 Colony NorthStar Inc. Class A EQUITY 19625W104 112 8594 SH SOLE 8594 0 0 Clipper Realty Inc. EQUITY 18885T306 1341 100000 SH SOLE 0 0 100000 Comerica Incorporated EQUITY 200340107 258 3729 SH SOLE 3729 0 0 Comcast Corporation Class A EQUITY 20030N101 16887 450200 SH SOLE 0 0 450200 CME Group Inc. Class A EQUITY 12572Q105 595 5005 SH SOLE 5005 0 0 Cummins Inc. EQUITY 231021106 129 847 SH SOLE 847 0 0 CMS Energy Corporation EQUITY 125896100 26778 600000 SH SOLE 0 0 600000 Conduent Inc. EQUITY 206787103 16 937 SH SOLE 937 0 0 CenterPoint Energy Inc. EQUITY 15189T107 8309 302023 SH SOLE 2023 0 300000 Connecticut Light & Power Co 5.28 Cum.Red.Pfd Shs Series 1967 EQUITY 207597782 642 12000 SH SOLE 0 0 12000 Connecticut Light & Power Co 6.56 Cum.Pfd Shs Series -1968- EQUITY 207597774 643 12000 SH SOLE 0 0 12000 CorEnergy Infrastructure Trust Inc. EQUITY 21870U502 602 18000 SH SOLE 0 0 18000 Copa Holdings S.A. Class A EQUITY P31076105 51 460 SH SOLE 460 0 0 Chesapeake Utilities Corporation EQUITY 165303108 21 300 SH SOLE 0 0 300 Camden Property Trust EQUITY 133131102 55 687 SH SOLE 687 0 0 Cisco Systems Inc. EQUITY 17275R102 142 4199 SH SOLE 4199 0 0 Qwest Corp 6 1/2 Notes 2016-01.09.56 EQUITY 74913G881 1736 70000 SH SOLE 0 0 70000 CenturyLink Inc. EQUITY 156700106 5 219 SH SOLE 0 0 219 Qwest Corp 7 Notes 2012-1.7.52 EQUITY 74913G501 141 5578 SH SOLE 5578 0 0 Chevron Corporation EQUITY 166764100 137 1267 SH SOLE 1267 0 0 City Office REIT Inc 6 5/8 Cum Red Pfd Series A EQUITY 178587200 1242 50000 SH SOLE 0 0 50000 Citigroup Inc EQUITY 172967424 331 5470 SH SOLE 5470 0 0 Physicians Realty Trust EQUITY 71943U104 4448 225000 SH SOLE 0 0 225000 Dominion Resources Inc 5 1/4 Notes 2016-30.07.76 Series A EQUITY 25746U844 5208 219195 SH SOLE 0 0 219195 Diana Shipping Inc 8 1/2 Notes 2015-15.5.20 Sr EQUITY Y2066G120 3677 150000 SH SOLE 0 0 150000 DYN D Series PFD UNITS EQUITY 26817R405 5684 66500 SH SOLE 0 0 66500 Dominion Resources Inc. EQUITY 25746U109 20150 260300 SH SOLE 0 0 260300 Eagle Point Credit Company Inc 7.75 Pfd Registered Shs 2016-30.10.26 Series B EQUITY 269809307 129 5000 SH SOLE 0 0 5000 Eagle Point Credit Company Inc 7 Notes 2015-31.12.20 EQUITY 269809208 646 25000 SH SOLE 0 0 25000 Euronet Worldwide Inc. EQUITY 298736109 341 3996 SH SOLE 3996 0 0 Ellington Financial LLC EQUITY 288522303 90 5725 SH SOLE 5725 0 0 Edison International EQUITY 281020107 38553 485000 SH SOLE 0 0 485000 Entergy Louisiana LLC 4 7/8 Bonds 2016-01.09.66 Collateral Trust Mtg EQUITY 29364W108 1126 50000 SH SOLE 0 0 50000 iShares JP Morgan USD Emerging Markets Bond ETF EQUITY 464288281 231 2033 SH SOLE 2033 0 0 Emerson Electric Co. EQUITY 291011104 41 690 SH SOLE 690 0 0 Energizer Holdings Inc. EQUITY 29272W109 44 793 SH SOLE 793 0 0 Energy & Exploration Partners Inc. 8.0 01-JUL-2019 EQUITY 29270RAA0 100 10000000 SH SOLE 0 0 10000000 EQT Corporation EQUITY 26884L109 3556 58600 SH SOLE 0 0 58600 Eversource Energy EQUITY 30040W108 30189 515000 SH SOLE 0 0 515000 ETRADE Financial Corporation EQUITY 269246401 477 13681 SH SOLE 13681 0 0 Entergy Corporation EQUITY 29364G103 76 1000 SH SOLE 0 0 1000 WF Utility and Telecommunications Fund Class A EQUITY 94985D483 416 20779 SH SOLE 20779 0 0 Exelon Corporation EQUITY 30161N101 571 16000 SH SOLE 0 0 16000 First American Financial Corporation EQUITY 31847R102 141 3602 SH SOLE 3602 0 0 Fibria Celulose S.A. Sponsored ADR EQUITY 31573A109 23 2633 SH SOLE 2633 0 0 First Data Corporation Class A EQUITY 32008D106 425 27070 SH SOLE 27070 0 0 Fiserv Inc. EQUITY 337738108 270 2330 SH SOLE 2330 0 0 First Republic Bank EQUITY 33616C100 340 3597 SH SOLE 3597 0 0 First Trust Senior Loan Fund EQUITY 33738D309 1858 38390 SH SOLE 38390 0 0 Ford Motor Company EQUITY 345370860 358 30722 SH SOLE 30722 0 0 Grifols 2/14 (USD) TLB 27-Feb-2021 BOND G4123EAC0 7 6875 PRN SOLE 6875 0 0 Georgia Power Co Non Cum Pfd Shs Series -2007A EQUITY 373334119 4492 44043 SH SOLE 0 0 44043 Global Indemnity Ltd Notes -15.04.47 EQUITY G3933F139 625 25000 SH SOLE 0 0 25000 Crow Point Global Dividend Plus Fund EQUITY 22784H108 306 29954 SH SOLE 29954 0 0 VanEck Vectors Junior Gold Miners ETF EQUITY 92189F791 76 2100 SH SOLE 2100 0 0 GE CAPITAL MTG SERVICES INC. BOND 36157RD85 3 2681 PRN SOLE 2681 0 0 Gulf Power Co Non-Cum Pfd Shs Series -2007A- EQUITY 402479752 3034 30000 SH SOLE 0 0 30000 GasLog Ltd Cum Red Perp Pfd Shs Series A EQUITY G37585117 641 25000 SH SOLE 0 0 25000 GreenHunter Resources Inc 10 Cum Pfd Shs Series C EQUITY 39530A203 4 61786 SH SOLE 0 0 61786 Gastar Exploration Inc Cum Pfd Shs Series B EQUITY 36729P306 1347 56900 SH SOLE 0 0 56900 Great Plains Energy Incorporated EQUITY 391164100 8968 310000 SH SOLE 0 0 310000 HealthSouth Corporation EQUITY 421924309 41 958 SH SOLE 958 0 0 Hospitality Properties Trust EQUITY 44106M102 102 3258 SH SOLE 3258 0 0 Hersha Hospitality Trust 6.50 Cum Red Registered Pfd Shs Series E EQUITY 427825708 247 10000 SH SOLE 0 0 10000 Host Hotels & Resorts Inc. EQUITY 44107P104 84 4522 SH SOLE 4522 0 0 iShares iBoxx $ High Yield Corporate Bond ETF EQUITY 464288513 723 8238 SH SOLE 8238 0 0 SPDR Nuveen S&P High Yield Municipal Bond ETF EQUITY 78464A284 170 3000 SH SOLE 3000 0 0 Iberdrola SA EQUITY E6165F166 16 2225 SH SOLE 2225 0 0 IBERIABANK Corporation EQUITY 450828108 397 5006 SH SOLE 5006 0 0 International Business Machines Corporation EQUITY 459200101 183 1052 SH SOLE 1052 0 0 Intercontinental Exchange Inc. EQUITY 45866F104 753 12548 SH SOLE 12548 0 0 IDACORP Inc. EQUITY 451107106 2074 25000 SH SOLE 0 0 25000 International Game Technology PLC EQUITY G4863A108 59 2504 SH SOLE 2504 0 0 Intel Corporation EQUITY 458140100 97 2720 SH SOLE 2720 0 0 International Paper Company EQUITY 460146103 152 2967 SH SOLE 2967 0 0 Iron Mountain Inc. EQUITY 46284V101 112 3172 SH SOLE 3172 0 0 Just Energy Group PFD A EQUITY 48213W200 8011 325000 SH SOLE 0 0 325000 Jack Henry & Associates Inc. EQUITY 426281101 314 3341 SH SOLE 3341 0 0 Johnson & Johnson EQUITY 478160104 147 1178 SH SOLE 1178 0 0 SPDR Bloomberg Barclays High Yield Bond ETF EQUITY 78464A417 528 14297 SH SOLE 14297 0 0 KB Financial Group Inc. Sponsored ADR EQUITY 48241A105 106 2382 SH SOLE 2382 0 0 KLA-Tencor Corporation EQUITY 482480100 99 1032 SH SOLE 1032 0 0 Kinder Morgan Inc Warrants 2012-25.5.17 on Shs EQUITY 49456B119 1 512000 SH SOLE 0 0 512000 Coca-Cola Company EQUITY 191216100 85 1990 SH SOLE 1990 0 0 Kimbell Royalty Partners LP EQUITY 49435R102 4181 213000 SH SOLE 0 0 213000 Leidos Holdings Inc. EQUITY 525327102 99 1925 SH SOLE 1925 0 0 Legg Mason Inc. 6 3/8 Notes 2016-15.3.56 EQUITY 524901501 10 400 SH SOLE 400 0 0 Landmark Infrastructure Partners LP 7.9 Cum Red Perp Pfd Uts Series B EQUITY 51508J306 250 10000 SH SOLE 0 0 10000 Landmark Infrastructure Partners LP EQUITY 51508J108 150 10000 SH SOLE 0 0 10000 Lockheed Martin Corporation EQUITY 539830109 344 1272 SH SOLE 1272 0 0 Alliant Energy Corp EQUITY 018802108 23267 588000 SH SOLE 0 0 588000 iShares iBoxx $ Investment Grade Corporate Bond ETF EQUITY 464287242 78 662 SH SOLE 662 0 0 K12 Inc. EQUITY 48273U102 45 2413 SH SOLE 2413 0 0 Oil company LUKOIL PJSC Sponsored ADR EQUITY 69343P105 208 3897 SH SOLE 3897 0 0 Las Vegas Sands Corp. EQUITY 517834107 42 730 SH SOLE 730 0 0 LyondellBasell Industries NV EQUITY N53745100 159 1742 SH SOLE 1742 0 0 Mid-America Apartment Communities Inc. EQUITY 59522J103 629 6180 SH SOLE 6180 0 0 ManpowerGroup Inc. EQUITY 56418H100 127 1237 SH SOLE 1237 0 0 Masimo Corporation EQUITY 574795100 52 559 SH SOLE 559 0 0 Mattel Inc. EQUITY 577081102 74 2899 SH SOLE 2899 0 0 Mastercard Incorporated Class A EQUITY 57636Q104 9589 85108 SH SOLE 5108 0 80000 McDonald's Corporation EQUITY 580135101 94 724 SH SOLE 724 0 0 Mercury General Corporation EQUITY 589400100 33 536 SH SOLE 536 0 0 Medley LLC 6 7/8 Notes 2016-15.08.26 EQUITY 58503Y105 2964 120000 SH SOLE 0 0 120000 MDU Resources Group Inc. EQUITY 552690109 14 500 SH SOLE 0 0 500 MFA Financial Inc. EQUITY 55272X102 147 18266 SH SOLE 18266 0 0 Macquarie Infrastructure Corporation EQUITY 55608B105 120 1490 SH SOLE 1490 0 0 MarketAxess Holdings Inc. EQUITY 57060D108 117 629 SH SOLE 629 0 0 ETRACS Alerian MLP Infrastructure Index ETN EQUITY 902641646 71 2462 SH SOLE 2462 0 0 Altria Group Inc. EQUITY 02209S103 42 577 SH SOLE 577 0 0 Merck & Co. Inc. EQUITY 58933Y105 106 1666 SH SOLE 1666 0 0 Microsoft Corporation EQUITY 594918104 263 4000 SH SOLE 4000 0 0 Morgan Stanley EQUITY 617446448 210 4847 SH SOLE 4847 0 0 Nasdaq Inc. EQUITY 631103108 409 5902 SH SOLE 5902 0 0 NextEra Energy Capital Holdings Inc 5.25 Debentures 2016-01.06.76 Gtd Series K EQUITY 65339K100 1052 43826 SH SOLE 0 0 43826 NextEra Energy Inc. EQUITY 65339F101 25626 200000 SH SOLE 0 0 200000 Newtek Business Services Corp. EQUITY 652526203 512 30000 SH SOLE 0 0 30000 New Jersey Resources Corporation EQUITY 646025106 16 400 SH SOLE 0 0 400 Annaly Capital Management Inc. EQUITY 035710409 36 3217 SH SOLE 3217 0 0 Navios Maritime Holdings Inc 8 5/8 Cum Red Perp Pfd Shs Sponsored American Deposit Receipt Repr 1/100th 8 5/8CRPP-H EQUITY 63938Y308 914 59000 SH SOLE 0 0 59000 Northrop Grumman Corporation EQUITY 666807102 232 971 SH SOLE 971 0 0 ServiceNow Inc. EQUITY 81762P102 106 1213 SH SOLE 1213 0 0 NSTAR Electric Company 4.78 Pfd Shs EQUITY 67021C305 907 8830 SH SOLE 0 0 8830 NVIDIA Corporation EQUITY 67066G104 434 3973 SH SOLE 3973 0 0 Novartis AG Sponsored ADR EQUITY 66987V109 132 1769 SH SOLE 1769 0 0 NorthWestern Corporation EQUITY 668074305 6026 102411 SH SOLE 0 0 102411 Omega Healthcare Investors Inc. EQUITY 681936100 104 3145 SH SOLE 3145 0 0 OUTFRONT Media Inc. EQUITY 69007J106 85 3221 SH SOLE 3221 0 0 Paychex Inc. EQUITY 704326107 404 6837 SH SOLE 6837 0 0 PG&E Corporation EQUITY 69331C108 13272 200000 SH SOLE 0 0 200000 Public Service Enterprise Group Inc EQUITY 744573106 10978 250000 SH SOLE 0 0 250000 Pfizer Inc. EQUITY 717081103 121 3526 SH SOLE 3526 0 0 iShares U.S. Preferred Stock ETF EQUITY 464288687 19 490 SH SOLE 490 0 0 POSCO Sponsored ADR EQUITY 693483109 66 1022 SH SOLE 1022 0 0 PennyMac Mortgage Investment Trust Cum Red Pfd Registered Shs of Beneficial Interest Series A EQUITY 70931T301 633 25000 SH SOLE 0 0 25000 Philip Morris International Inc. EQUITY 718172109 101 893 SH SOLE 893 0 0 PNC Financial Services Group Inc. EQUITY 693475105 305 2512 SH SOLE 2512 0 0 PNM Resources Inc. EQUITY 69349H107 28675 775000 SH SOLE 0 0 775000 Perma-Pipe International Holdings Inc EQUITY 714167103 1113 141500 SH SOLE 0 0 141500 ProAssurance Corporation EQUITY 74267C106 36 599 SH SOLE 599 0 0 Prudential Financial Inc. EQUITY 744320102 119 1106 SH SOLE 1106 0 0 Public Storage Deposit Shs Repr 1/1000th Cum Pfd Registered Shs of Benef Intst Sr E EQUITY 74460W719 668 30000 SH SOLE 0 0 30000 PS Business Parks Inc Deposit Shs Repr 1/1000 5.20 Cum Registered Pfd Shs Series W EQUITY 69360J628 229 10000 SH SOLE 0 0 10000 PayPal Holdings Inc EQUITY 70450Y103 458 10522 SH SOLE 10522 0 0 Recon Capital NASDAQ 100 Covered Call ETF EQUITY 44053G108 965 41456 SH SOLE 19956 0 21500 Reynolds American Inc. EQUITY 761713106 163 2601 SH SOLE 2601 0 0 B. Riley Financial Inc. 7.5 Notes 2016-31.10.21 EQUITY 05580M207 2592 100000 SH SOLE 0 0 100000 Reliance Steel & Aluminum Co. EQUITY 759509102 68 846 SH SOLE 846 0 0 Raytheon Company EQUITY 755111507 418 2729 SH SOLE 2729 0 0 Saratoga Investment Corp 6.75 Notes 2016-30.12.23 EQUITY 80349A406 5192 200000 SH SOLE 0 0 200000 Safe Bulkers Inc 8 Cum Red Perp Pfd Shs Series D EQUITY Y7388L137 950 50000 SH SOLE 0 0 50000 Scorpio Tankers Inc. 6.75 15-MAY-2020 EQUITY 80918T109 952 40000 SH SOLE 0 0 40000 Scorpio Tankers Inc. 7.5 15-OCT-2017 EQUITY Y7542C114 5628 223707 SH SOLE 0 0 223707 Starbucks Corporation EQUITY 855244109 148 2537 SH SOLE 2537 0 0 SCANA Corporation EQUITY 80589M102 3278 50000 SH SOLE 0 0 50000 Shenandoah Telecommunications Company EQUITY 82312B106 26696 940000 SH SOLE 0 0 940000 Global X Silver Miners ETF EQUITY 37954Y848 79 2200 SH SOLE 2200 0 0 Select Income REIT EQUITY 81618T100 42 1639 SH SOLE 1639 0 0 SVB Financial Group EQUITY 78486Q101 56 300 SH SOLE 300 0 0 South Jersey Industries Inc. EQUITY 838518108 11558 325400 SH SOLE 0 0 325400 SPDR Bloomberg Barclays Short Term High Yield Bond ETF EQUITY 78468R408 704 25152 SH SOLE 25152 0 0 SK Telecom Co. Ltd. Sponsored ADR EQUITY 78440P108 25 997 SH SOLE 997 0 0 Solar Capital Ltd. EQUITY 83413U100 134 5934 SH SOLE 5934 0 0 Scorpio Bulkers Inc 7 1/2 Notes 2014-15.9.19 Sr EQUITY Y7546A114 2556 105000 SH SOLE 0 0 105000 Southern Co 6 1/4 Notes 2015-15.10.75 Series 2015A EQUITY 842587206 9202 350000 SH SOLE 0 0 350000 Southern Co Notes 2016-01.10.76 Series 2016A EQUITY 842587305 592 25000 SH SOLE 0 0 25000 Spark Energy Inc. Class A EQUITY 846511103 19231 608559 SH SOLE 5656 0 602903 Staples Inc. EQUITY 855030102 78 8961 SH SOLE 8961 0 0 Sempra Energy EQUITY 816851109 24240 219900 SH SOLE 0 0 219900 SPDR Blackstone / GSO Senior Loan ETF EQUITY 78467V608 1081 22758 SH SOLE 22758 0 0 Stewart Information Services Corporation EQUITY 860372101 40 916 SH SOLE 916 0 0 Steel Dynamics Inc. EQUITY 858119100 125 3607 SH SOLE 3607 0 0 Starwood Property Trust Inc. EQUITY 85571B105 117 5193 SH SOLE 5193 0 0 ProShares UltraShort 20 Year Treasury EQUITY 74347B201 101 2567 SH SOLE 2567 0 0 Timken Company EQUITY 887389104 150 3323 SH SOLE 3323 0 0 Tsakos Energy Navigation Ltd Cum Red Perp Pfd Registered Shs Series E EQUITY G9108L157 250 10000 SH SOLE 0 0 10000 Taiwan Semiconductor Manufacturing Co. Ltd. Sponsored ADR EQUITY 874039100 108 3256 SH SOLE 3256 0 0 Take-Two Interactive Software Inc. EQUITY 874054109 64 1086 SH SOLE 1086 0 0 AT&T Inc. EQUITY 00206R102 6356 152202 SH SOLE 2202 0 150000 UnitedHealth Group Incorporated EQUITY 91324P102 72 438 SH SOLE 438 0 0 Unum Group EQUITY 91529Y106 55 1182 SH SOLE 1182 0 0 United States Cellular Corp 7 1/4 Notes 2015-1.12.64 EQUITY 911684603 2532 95000 SH SOLE 0 0 95000 Vector Group Ltd. EQUITY 92240M108 79 3808 SH SOLE 3808 0 0 Valero Energy Corporation EQUITY 91913Y100 44 664 SH SOLE 664 0 0 Vanguard Global ex-US Real Estate Index Fund EQUITY 922042676 113 2127 SH SOLE 2127 0 0 Vantiv Inc. Class A EQUITY 92210H105 106 1649 SH SOLE 1649 0 0 Vodafone Group Plc Sponsored ADR EQUITY 92857W308 72 2708 SH SOLE 2708 0 0 Vanguard FTSE All World (ex-US) Small Cap Index Fund EQUITY 922042718 124 1211 SH SOLE 1211 0 0 Vanguard FTSE Emerging Markets ETF EQUITY 922042858 262 6558 SH SOLE 6558 0 0 Verizon Communications Inc. EQUITY 92343V104 7073 144172 SH SOLE 2881 0 141291 Visa Inc. Class A EQUITY 92826C839 24033 270000 SH SOLE 0 0 270000 Waddell & Reed Financial Inc. Class A EQUITY 930059100 335 19710 SH SOLE 19710 0 0 Wheeler Real Estate Investment Trust Inc. Cum Conv Pfd Shs Series D EQUITY 963025606 5180 200000 SH SOLE 0 0 200000 Wal-Mart Stores Inc. EQUITY 931142103 134 1878 SH SOLE 1878 0 0 Western Union Company EQUITY 959802109 62 3040 SH SOLE 3040 0 0 Energy Select Sector SPDR Fund EQUITY 81369Y506 393 5600 SH SOLE 5600 0 0 Exxon Mobil Corporation EQUITY 30231G102 190 2270 SH SOLE 2270 0 0 SPDR S&P Oil & Gas Exploration & Production ETF EQUITY 78464A730 246 6600 SH SOLE 6600 0 0 Xerox Corporation EQUITY 984121103 90 12188 SH SOLE 12188 0 0 Scorpio Tankers Inc 8.25 Notes 2017-01.06.19 Global EQUITY Y7542C122 4016 160000 SH SOLE 0 0 160000