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The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
BANK OF AMERICA 7.25 CNV PFD L 060505682 384 330 SH   SOLE   330 0 0
EMMIS COMMUNICATIONS CORP PFD CV SER A 291525202 5,705 443,270 SH   SOLE   443,270 0 0
IRIDIUM COMMUNICATIONS PERP PFD CNV B 46269C409 5,087 14,000 SH   SOLE   14,000 0 0
STANLEY BLACK DECKER INC UNIT 99/99/9999 854502309 178,090 1,290,881 SH   SOLE   1,290,881 0 0
WELLS FARGO COMPANY PERP PFD CNV A 949746804 7,275 5,989 SH   SOLE   5,989 0 0
AMERICAN INTERNATIONAL GROUP INC. COM NEW 026874784 56 1,000 SH   SOLE   1,000 0 0
AURICO GOLD INC. COM 05155C105 830 252,910 SH   SOLE   252,910 0 0
BLACKROCK DEBT STRATEGIES FUND INC COM 09255R103 695 186,921 SH   SOLE   186,921 0 0
CUMULUS MEDIA INC CL A 231082108 5,447 1,287,800 SH   SOLE   1,287,800 0 0
DIREXION DAILY GOLD MINERS BULL 3X DAILY GOLD MINER 25459Y389 670 60,000 SH   SOLE   60,000 0 0
DOMINION RESOURCES INC/VA COM 25746U109 3,521 45,787 SH   SOLE   45,787 0 0
DURECT CORPORATION COM 266605104 681 862,490 SH   SOLE   862,490 0 0
EASTMAN KODAK COMPANY COM NEW 277461406 4,154 191,348 SH   SOLE   191,348 0 0
EATON VANCE LIMITED DURATION INCOME FUND COM 27828H105 2,849 201,785 SH   SOLE   201,785 0 0
EATON VANCE SHORT DURATION DIVERSIFIED INC FUND COM 27828V104 58 4,133 SH   SOLE   4,133 0 0
EMMIS COMMUNICATION CL A 291525103 2,019 1,079,897 SH   SOLE   1,079,897 0 0
LIBERTY BROADBAND COM SER A 530307107 125 2,500 SH   SOLE   2,500 0 0
LIBERTY BROADBAND COM SER C 530307305 249 5,000 SH   SOLE   5,000 0 0
LIBERTY MEDIA CL A 531229102 353 10,000 SH   SOLE   10,000 0 0
LIBERTY MEDIA COM SER C 531229300 701 20,000 SH   SOLE   20,000 0 0
NUVEEN CREDIT STRATEGIES INCOME FUND COM SHS 67073D102 2,175 248,024 SH   SOLE   248,024 0 0
NUVEEN FLOATING RATE INCOME FUND COM 67072T108 352 32,071 SH   SOLE   32,071 0 0
NUVEEN FLOATING RATE INCOME OPPORTUNITY FUND COM SHS 6706EN100 389 34,542 SH   SOLE   34,542 0 0
NUVEEN SHORT DURATION CREDIT OPPORTUNITIES FUND COM 67074X107 32 1,900 SH   SOLE   1,900 0 0
RADIO ONE INC. CL D NON VTG 75040P405 3,223 1,929,824 SH   SOLE   1,929,824 0 0
THOMPSON CREEK METALS COMPANY INC. COM 884768102 1,692 1,013,077 SH   SOLE   1,013,077 0 0
LIBERTY BROADBAND DISTRIBUTION RIGHTS RIGHT 01/09/2015 530307115 14 1,500 SH   SOLE   1,500 0 0
GENERAL MOTORS CORP - CLASS C *W EXP 12/31/201 37045V134 1,950 1,695,956 SH   SOLE   1,695,956 0 0
KINDER MORGAN ENERGY PARTNERS *W EXP 05/25/201 49456B119 54,209 12,725,171 SH   SOLE   12,725,171 0 0
EASTMAN KODAK *W EXP 09/03/201 277461133 86 11,308 SH   SOLE   11,308 0 0
EASTMAN KODAK *W EXP 09/03/201 277461141 70 11,308 SH   SOLE   11,308 0 0
JP MORGAN CHASE CO. *W EXP 10/28/201 46634E114 6,399 307,663 SH   SOLE   307,663 0 0
BANK OF AMERICA *W EXP 01/16/201 060505146 228 32,400 SH   SOLE   32,400 0 0
GENERAL MOTORS CORP - CLASS B *W EXP 07/10/201 37045V126 16,540 972,920 SH   SOLE   972,920 0 0
AMERICAN INTERNATIONAL GROUP *W EXP 01/19/202 026874156 22,600 917,938 SH   SOLE   917,938 0 0
NEW YORK COMMUNITY BANCORP TRUST UNIT 11/01/2051 64944P307 34,147 684,647 SH   SOLE   684,647 0 0
ANNALY MORTGAGE MANAGEMENT INC NOTE 4.000 2/1 035710AA0 49,425 48,875,000 PRN   SOLE   0 0 0
BPZ RESOURCES INC. MTNF 6.500 3/0 055639AB4 1,368 2,605,000 PRN   SOLE   0 0 0
CEMEX S.A. NOTE 4.875 3/1 151290AV5 29,452 28,500,000 PRN   SOLE   0 0 0
LEVEL 3 COMMUNICATIONS INC NOTE 7.000 3/1 52729NBP4 65,043 36,010,000 PRN   SOLE   0 0 0
PROLOGIS INC NOTE 3.250 3/1 74340XAT8 41,953 37,605,000 PRN   SOLE   0 0 0
MGM MIRAGE NOTE 4.250 4/1 55303QAE0 19,189 16,225,000 PRN   SOLE   0 0 0
ANNALY MORTGAGE MANAGEMENT INC NOTE 5.000 5/1 035710AB8 654 650,000 PRN   SOLE   0 0 0
RITE AID CORP NOTE 8.500 5/1 767754BU7 7,922 2,710,000 PRN   SOLE   0 0 0
TTM TECHNOLOGIES INC NOTE 3.250 5/1 87305RAC3 558 555,000 PRN   SOLE   0 0 0
RAYONIER INC NOTE 4.500 8/1 75508AAC0 111,344 91,785,000 PRN   SOLE   0 0 0
ENPRO INDUSTRIES INC DBCV 3.938 10/1 29355XAB3 40,768 21,261,000 PRN   SOLE   0 0 0
UNITED RENTALS INC NOTE 4.000 11/1 911363AL3 64 7,000 PRN   SOLE   0 0 0
DENDREON CORP NOTE 2.875 1/1 24823QAC1 1,051 1,695,000 PRN   SOLE   0 0 0
KCAP FINANCIAL INC NOTE 8.750 3/1 500233AB7 30,913 28,590,000 PRN   SOLE   0 0 0
LAM RESEARCH CORPORATION NOTE 0.500 5/1 512807AJ7 2,113 1,605,000 PRN   SOLE   0 0 0
ICONIX BRAND GROUP INC NOTE 2.500 6/0 451055AE7 4,574 3,876,000 PRN   SOLE   0 0 0
MOLYCORP INC. NOTE 3.250 6/1 608753AA7 906 2,415,000 PRN   SOLE   0 0 0
BGC PARTNERS INC. NOTE 4.500 7/1 05541TAD3 7,920 7,419,000 PRN   SOLE   0 0 0
ELECTRONIC ARTS INC. NOTE 0.750 7/1 285512AA7 40,478 26,840,000 PRN   SOLE   0 0 0
DEALERTRACK TECHNOLOGIES INC NOTE 1.500 3/1 242309AB8 34,410 26,520,000 PRN   SOLE   0 0 0
MGIC INVESTMENT CORPORATION NOTE 5.000 5/0 552848AD5 313 280,000 PRN   SOLE   0 0 0
MEDICINES COMPANY DBCV 1.375 6/0 584688AC9 46,882 40,225,000 PRN   SOLE   0 0 0
XILINX INC NOTE 2.625 6/1 983919AF8 79,525 52,775,000 PRN   SOLE   0 0 0
NEWMONT MINING CORP NOTE 1.625 7/1 651639AJ5 20,099 19,800,000 PRN   SOLE   0 0 0
MOLYCORP INC. NOTE 6.000 9/0 608753AF6 7,441 25,658,000 PRN   SOLE   0 0 0
SEQUENOM INC. NOTE 5.000 10/0 817337AB4 19,531 18,940,000 PRN   SOLE   0 0 0
PROSPECT CAPITAL CORPORATION NOTE 5.375 10/1 74348TAK8 12,836 12,900,000 PRN   SOLE   0 0 0
VOLCANO CORPORATION NOTE 1.750 12/0 928645AB6 1,338 1,350,000 PRN   SOLE   0 0 0
MOLYCORP INC. NOTE 5.500 2/0 608753AH2 4,998 17,235,000 PRN   SOLE   0 0 0
PDL BIOPHARMA INC NOTE 4.000 2/0 69329YAF1 12,725 13,180,000 PRN   SOLE   0 0 0
SOLAZYME INC. NOTE 6.000 2/0 83415TAB7 5,119 8,620,000 PRN   SOLE   0 0 0
PRICELINE.COM DEBT 1.000 3/1 741503AQ9 30,236 22,830,000 PRN   SOLE   0 0 0
PROSPECT CAPITAL CORPORATION NOTE 5.750 3/1 74348TAL6 7,361 7,361,000 PRN   SOLE   0 0 0
GREENBRIER COMPANIES NOTE 3.500 4/0 393657AH4 21,280 14,087,000 PRN   SOLE   0 0 0
SALESFORCE.COM INC. NOTE 0.250 4/0 79466LAD6 496 435,000 PRN   SOLE   0 0 0
ALASKA COMMUNICATIONS SYSTEMS GROUP INC NOTE 6.250 5/0 01167PAE1 22,835 24,228,000 PRN   SOLE   0 0 0
SAFEGUARD SCIENTIFICS DBCV 5.250 5/1 786449AK4 3,407 2,650,000 PRN   SOLE   0 0 0
NETSUITE INC NOTE 0.250 6/0 64118QAB3 209 185,000 PRN   SOLE   0 0 0
BROOKDALE SENIOR LIVING INC. NOTE 2.750 6/1 112463AA2 2,044 1,500,000 PRN   SOLE   0 0 0
FXCM INC. NOTE 2.250 6/1 302693AB2 7,549 7,215,000 PRN   SOLE   0 0 0
JANUS CAPITAL GROUP INC NOTE 0.750 7/1 47102XAH8 28,935 19,067,000 PRN   SOLE   0 0 0
AMERICAN REALTY CAPITAL PROPERTIES INC. NOTE 3.000 8/0 02917TAA2 1,064 1,150,000 PRN   SOLE   0 0 0
CHART INDUSTRIES INC. NOTE 2.000 8/0 16115QAC4 47,172 49,025,000 PRN   SOLE   0 0 0
SERVICESOURCE INTERNATIONAL INC NOTE 1.500 8/0 81763UAB6 1,213 1,580,000 PRN   SOLE   0 0 0
WEB.COM GROUP INC. NOTE 1.000 8/1 94733AAA2 69 75,000 PRN   SOLE   0 0 0
GSV CAPITAL CORP. NOTE 5.250 9/1 36191JAB7 917 995,000 PRN   SOLE   0 0 0
B2GOLD CORPORATION NOTE 3.250 10/0 11777QAB6 19,739 22,525,000 PRN   SOLE   0 0 0
SERVICENOW INC. NOTE 81762PAB8 143 125,000 PRN   SOLE   0 0 0
AIR LEASE CORPORATION COM NEW 00912XAK0 259 190,000 PRN   SOLE   0 0 0
NVIDIA CORP NOTE 1.000 12/0 67066GAC8 52,038 45,250,000 PRN   SOLE   0 0 0
ENERGY XXI (BERMUDA) LTD NOTE 3.000 12/1 29274UAB7 283 960,000 PRN   SOLE   0 0 0
PROSPECT CAPITAL CORPORATION NOTE 5.875 1/1 74348TAM4 400 400,000 PRN   SOLE   0 0 0
SUPERNUS PHARMACEUTICALS NOTE 7.500 5/0 868459AB4 16,675 9,599,000 PRN   SOLE   0 0 0
SPIRIT REALTY CAPITAL INC. NOTE 2.875 5/1 84860WAA0 11,486 11,780,000 PRN   SOLE   0 0 0
JARDEN CORPORATION NOTE 1.500 6/1 471109AL2 284 215,000 PRN   SOLE   0 0 0
ROYAL GOLD INC NOTE 2.875 6/1 780287AA6 78,562 75,905,000 PRN   SOLE   0 0 0
AFFYMETRIX INC NOTE 4.000 7/0 00826TAH1 5,009 2,800,000 PRN   SOLE   0 0 0
KEYW HOLDING CORP. NOTE 2.500 7/1 493723AA8 36,652 40,000,000 PRN   SOLE   0 0 0
MACQUARIE INFRASTRUCTURE COMPANY LLC NOTE 2.875 7/1 55608BAA3 12,508 11,020,000 PRN   SOLE   0 0 0
CALLAWAY GOLF COMPANY NOTE 3.750 8/1 131193AC8 17,887 15,958,000 PRN   SOLE   0 0 0
SYNCHRONOSS TECHNOLOGIES INC. NOTE 0.750 8/1 87157BAA1 3,149 3,000,000 PRN   SOLE   0 0 0
HORNBECK OFFSHORE SERVICES INC NOTE 1.500 9/0 440543AN6 3,613 4,330,000 PRN   SOLE   0 0 0
SOLAZYME INC. NOTE 5.000 10/0 83415TAC5 7,521 16,530,000 PRN   SOLE   0 0 0
MONSTER WORLDWIDE NOTE 3.500 10/19 611742AA5 12,855 12,000,000 PRN   SOLE   0 0 0
RTI INTERNATIONAL METALS INC. NOTE 1.625 10/1 74973WAB3 370 380,000 PRN   SOLE   0 0 0
ANI PHARMACEUTICALS INC. NOTE 3.000 12/0 00182CAA1 2,955 2,814,000 PRN   SOLE   0 0 0
COBALT INTERNATIONAL ENERGY INC. NOTE 2.625 12/0 19075FAA4 35 55,000 PRN   SOLE   0 0 0
MGIC INVESTMENT CORPORATION NOTE 2.000 4/0 552848AE3 212 145,000 PRN   SOLE   0 0 0
PRICELINE.COM NOTE 0.350 6/1 741503AS5 4,369 3,865,000 PRN   SOLE   0 0 0
JOHNSON JOHNSON SDCV 7/2 02261WAB5 189,144 131,204,000 PRN   SOLE   0 0 0
BIOMARIN PHARMACEUTICAL INC NOTE 1.500 10/1 09061GAF8 152 125,000 PRN   SOLE   0 0 0
SANDISK CORP NOTE 0.500 10/1 80004CAF8 4,933 4,090,000 PRN   SOLE   0 0 0
INCYTE CORP. NOTE 1.250 11/1 45337CAN2 308 200,000 PRN   SOLE   0 0 0
RPM INTERNATIONAL INC NOTE 2.250 12/1 749685AT0 163 140,000 PRN   SOLE   0 0 0
COLONY FINANCIAL INC NOTE 3.875 1/1 19624RAB2 27,514 26,980,000 PRN   SOLE   0 0 0
DANAHER CORPORATION NOTE 235851AF9 62 25,000 PRN   SOLE   0 0 0
TESLA MOTORS INC. NOTE 1.250 3/0 88160RAC5 1,804 2,000,000 PRN   SOLE   0 0 0
SPIRIT REALTY CAPITAL INC. NOTE 3.750 5/1 84860WAB8 7,678 7,850,000 PRN   SOLE   0 0 0
ACORDA THERAPEUTICS INC. NOTE 1.750 6/1 00484MAA4 5,300 4,600,000 PRN   SOLE   0 0 0
DEPOMED INC. NOTE 2.500 9/0 249908AA2 1,892 1,740,000 PRN   SOLE   0 0 0
LABORATORY CORP OF AMER HLDGS NOTE 9/1 50540RAG7 112,218 77,344,000 PRN   SOLE   0 0 0
COLONY FINANCIAL INC NOTE 5.000 4/1 19624RAA4 3,921 3,670,000 PRN   SOLE   0 0 0
LIBERTY MEDIA NOTE 1.375 10/1 531229AB8 138,166 140,306,000 PRN   SOLE   0 0 0
TEVA PHARM DBCV 0.250 2/0 88163VAE9 165,074 120,547,000 PRN   SOLE   0 0 0
ON SEMICONDUCTOR CORP NOTE 2.625 12/1 682189AH8 185 155,000 PRN   SOLE   0 0 0
ARVINMERITOR INC FRNT 4.000 2/1 043353AH4 1,148 1,084,000 PRN   SOLE   0 0 0
SEACOR HOLDING INC NOTE 2.500 12/1 811904AM3 8,339 7,920,000 PRN   SOLE   0 0 0
SEACOR HOLDING INC NOTE 3.000 11/1 81170YAB5 3,456 3,735,000 PRN   SOLE   0 0 0
WESCO INTERNATIONAL INC DBCV 6.000 9/1 95082PAH8 161 60,000 PRN   SOLE   0 0 0
JEFFERIES GROUP INC DBCV 3.875 11/0 472319AG7 8,190 7,875,000 PRN   SOLE   0 0 0
LIBERTY MEDIA DEB 3.750 2/1 530715AL5 548 860,000 PRN   SOLE   0 0 0
TOLL BROTHERS INC. NOTE 0.500 9/1 88947EAM2 3,537 3,445,000 PRN   SOLE   0 0 0
STILLWATER MINING CO. NOTE 1.750 10/1 86074QAL6 68,491 55,374,000 PRN   SOLE   0 0 0
FLUIDIGM CORPORATION NOTE 2.750 2/0 34385PAA6 108 115,000 PRN   SOLE   0 0 0
SPECTRANETICS CORPORATION MTNF 2.625 6/0 84760CAA5 927 720,000 PRN   SOLE   0 0 0
INTEL CORP SDCV 2.950 12/1 458140AD2 462 350,000 PRN   SOLE   0 0 0
CHESAPEAKE ENERGY CORPORATION NOTE 2.500 5/1 165167CA3 1,575 1,620,000 PRN   SOLE   0 0 0
BRISTOW GROUP INC NOTE 3.000 6/1 110394AC7 29,665 28,212,000 PRN   SOLE   0 0 0
INTEL CORPORATION SDCV 3.250 8/0 458140AF7 137,903 79,118,000 PRN   SOLE   0 0 0
DEVELOPERS DIVERSIFIED REALTY CORP NOTE 1.750 11/1 251591AX1 247 200,000 PRN   SOLE   0 0 0
PEABODY ENERGY CORP SDCV 4.750 12/1 704549AG9 60 115,000 PRN   SOLE   0 0 0
MICRON TECHNOLOGY INC NOTE 3.000 11/1 595112AY9 789 595,000 PRN   SOLE   0 0 0
OMNICARE INC NOTE 3.500 2/1 681904AQ1 432 360,000 PRN   SOLE   0 0 0