The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
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
DEUTSCHE BANK AG NAMEN AKT D18190898 1,252 69,193 SH   DFND 1 69,193 0 0
DEUTSCHE BANK AG NAMEN AKT D18190898 1,354 74,800 SH   DFND 2 74,800 0 0
DEUTSCHE BANK AG NAMEN AKT D18190898 290 16,007 SH   DFND 3 16,007 0 0
ALLERGAN PLC SHS G0177J108 1,050 5,000 SH   DFND 2 5,000 0 0
ALLERGAN PLC SHS G0177J108 1,050 5,000 SH   DFND 3 5,000 0 0
AXOVANT SCIENCES LTD COM G0750W104 1,071 86,197 SH   DFND 1 86,197 0 0
AXOVANT SCIENCES LTD COM G0750W104 1,071 86,198 SH   DFND 2 86,198 0 0
ENDO INTL PLC SHS G30401106 6,986 424,190 SH   DFND 1 424,190 0 0
ENDO INTL PLC SHS G30401106 6,319 383,690 SH   DFND 2 383,690 0 0
LIBERTY GLOBAL PLC LILAC SHS CL C G5480U153 2,646 125,000 SH   DFND 1 125,000 0 0
LIBERTY GLOBAL PLC LILAC SHS CL C G5480U153 2,646 125,000 SH   DFND 2 125,000 0 0
MALLINCKRODT PUB LTD CO SHS G5785G107 7,495 150,450 SH   DFND 1 150,450 0 0
MALLINCKRODT PUB LTD CO SHS G5785G107 14,032 281,650 SH   DFND 2 281,650 0 0
MALLINCKRODT PUB LTD CO SHS G5785G107 1,295 26,000 SH   DFND 3 26,000 0 0
MEDTRONIC PLC SHS G5960L103 6,055 85,000 SH   DFND 1 85,000 0 0
CHUBB LIMITED COM H1467J104 13,970 105,734 SH   SOLE   105,734 0 0
MYLAN N V SHS EURO N59465109 1,908 50,000 SH   DFND 1 50,000 0 0
MYLAN N V SHS EURO N59465109 3,815 100,000 SH   DFND 2 100,000 0 0
MYLAN N V SHS EURO N59465109 1,908 50,000 SH   DFND 3 50,000 0 0
AGNC INVT CORP COM 00123Q104 3,466 191,167 SH   DFND 1 191,167 0 0
AGNC INVT CORP COM 00123Q104 8,062 444,666 SH   DFND 2 444,666 0 0
AGNC INVT CORP COM 00123Q104 3,063 168,967 SH   DFND 3 168,967 0 0
ABBVIE INC COM 00287Y109 4,133 66,000 SH   DFND 1 66,000 0 0
ABBVIE INC COM 00287Y109 9,643 154,000 SH   DFND 2 154,000 0 0
AFFILIATED MANAGERS GROUP COM 008252108 1,453 10,000 SH   DFND 1 10,000 0 0
ALLY FINL INC COM 02005N100 7,513 395,000 SH   DFND 1 395,000 0 0
ALLY FINL INC COM 02005N100 7,513 395,000 SH   DFND 2 395,000 0 0
ANNALY CAP MGMT INC COM 035710409 1,478 148,260 SH   DFND 2 148,260 0 0
ANWORTH MORTGAGE ASSET CP COM 037347101 3,506 678,200 SH   DFND 1 678,200 0 0
ANWORTH MORTGAGE ASSET CP COM 037347101 1,920 371,450 SH   DFND 2 371,450 0 0
ANWORTH MORTGAGE ASSET CP COM 037347101 1,904 368,300 SH   DFND 3 368,300 0 0
APOLLO COML REAL EST FIN INC COM 03762U105 2,994 180,155 SH   DFND 1 180,155 0 0
APOLLO COML REAL EST FIN INC COM 03762U105 3,242 195,071 SH   DFND 2 195,071 0 0
APPLE INC COM 037833100 18,647 161,000 SH   DFND 1 161,000 0 0
APPLE INC COM 037833100 18,647 161,000 SH   DFND 2 161,000 0 0
ARCELORMITTAL SA LUXEMBOURG NY REGISTRY SH 03938L104 2,920 400,000 SH   DFND 1 400,000 0 0
ARCELORMITTAL SA LUXEMBOURG NY REGISTRY SH 03938L104 2,920 400,000 SH   DFND 2 400,000 0 0
ARLINGTON ASSET INVT CORP CL A NEW 041356205 13,669 922,342 SH   DFND 1 922,342 0 0
ARLINGTON ASSET INVT CORP CL A NEW 041356205 7,136 481,506 SH   DFND 3 481,506 0 0
BP PLC SPONSORED ADR 055622104 3,084 82,500 SH   DFND 2 82,500 0 0
BANK OF NOVA SCOTIA NOTE 4.500%12/1 064159HB5 35,956 35,000,000 PRN   DFND 2 35,000,000 0 0
BARCLAYS PLC ADR 06738E204 2,261 205,500 SH   DFND 1 205,500 0 0
BARCLAYS PLC ADR 06738E204 4,224 384,000 SH   DFND 2 384,000 0 0
BARCLAYS PLC ADR 06738E204 1,854 168,500 SH   DFND 3 168,500 0 0
BERKLEY W R CORP COM 084423102 7,782 117,000 SH   SOLE   117,000 0 0
BIOGEN INC COM 09062X103 993 3,500 SH   DFND 1 3,500 0 0
BIOGEN INC COM 09062X103 993 3,500 SH   DFND 2 3,500 0 0
BLACKSTONE GROUP L P COM UNIT LTD 09253U108 1,200 44,400 SH   DFND 1 44,400 0 0
BLACKSTONE GROUP L P COM UNIT LTD 09253U108 9,396 347,600 SH   DFND 2 347,600 0 0
CYS INVTS INC COM 12673A108 8,553 1,106,500 SH   DFND 1 1,106,500 0 0
CYS INVTS INC COM 12673A108 11,324 1,465,000 SH   DFND 2 1,465,000 0 0
CYS INVTS INC COM 12673A108 5,855 757,500 SH   DFND 3 757,500 0 0
CAPITOL FED FINL INC COM 14057J101 593 36,000 SH   DFND 1 36,000 0 0
CARLYLE GROUP L P COM UTS LTD PTN 14309L102 1,073 70,373 SH   DFND 1 70,373 0 0
CARLYLE GROUP L P COM UTS LTD PTN 14309L102 14,984 982,541 SH   DFND 2 982,541 0 0
CELGENE CORP COM 151020104 1,157 10,000 SH   DFND 2 10,000 0 0
CELGENE CORP COM 151020104 1,736 15,000 SH   DFND 3 15,000 0 0
CENTURY CMNTYS INC COM 156504300 8,936 425,500 SH   DFND 1 425,500 0 0
CENTURY CMNTYS INC COM 156504300 8,936 425,500 SH   DFND 2 425,500 0 0
CISCO SYS INC COM 17275R102 3,324 110,000 SH   DFND 1 110,000 0 0
CISCO SYS INC COM 17275R102 7,555 250,000 SH   DFND 2 250,000 0 0
CITIGROUP INC COM NEW 172967424 24,188 407,000 SH   DFND 1 407,000 0 0
CITIGROUP INC COM NEW 172967424 13,550 228,000 SH   DFND 2 228,000 0 0
COACH INC COM 189754104 6,360 181,600 SH   DFND 1 181,600 0 0
COACH INC COM 189754104 7,123 203,400 SH   DFND 3 203,400 0 0
COLONY CAP INC CL A 19624R106 567 28,000 SH   DFND 1 28,000 0 0
COLONY CAP INC CL A 19624R106 709 35,000 SH   DFND 2 35,000 0 0
COMCAST CORP NEW CL A 20030N101 7,147 103,500 SH   DFND 1 103,500 0 0
CONOCOPHILLIPS COM 20825C104 351 7,000 SH   DFND 1 7,000 0 0
DELL TECHNOLOGIES INC COM CL V 24703L103 1,195 21,734 SH   DFND 1 21,734 0 0
DELL TECHNOLOGIES INC COM CL V 24703L103 1,225 22,292 SH   DFND 2 22,292 0 0
DELL TECHNOLOGIES INC COM CL V 24703L103 337 6,129 SH   DFND 3 6,129 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 2,007 40,804 SH   DFND 1 40,804 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 1,734 35,244 SH   DFND 2 35,244 0 0
EBAY INC COM 278642103 1,722 58,000 SH   DFND 1 58,000 0 0
ELLINGTON FINANCIAL LLC COM 288522303 4,853 312,700 SH   DFND 1 312,700 0 0
ELLINGTON FINANCIAL LLC COM 288522303 11,441 737,153 SH   DFND 2 737,153 0 0
ENBRIDGE ENERGY PARTNERS L P COM 29250R106 127 5,000 SH   DFND 1 5,000 0 0
ENBRIDGE ENERGY PARTNERS L P COM 29250R106 1,147 45,000 SH   DFND 2 45,000 0 0
ENERGY TRANSFER PRTNRS L P UNIT LTD PARTN 29273R109 1,289 36,000 SH   DFND 1 36,000 0 0
ENERGY TRANSFER PRTNRS L P UNIT LTD PARTN 29273R109 11,602 324,000 SH   DFND 2 324,000 0 0
FRANKLIN RES INC COM 354613101 4,237 107,050 SH   DFND 1 107,050 0 0
FRANKLIN RES INC COM 354613101 6,366 160,850 SH   DFND 2 160,850 0 0
FRANKLIN RES INC COM 354613101 2,458 62,100 SH   DFND 3 62,100 0 0
FULL HOUSE RESORTS INC COM 359678109 85 35,331 SH   DFND 1 35,331 0 0
FULL HOUSE RESORTS INC COM 359678109 76 31,617 SH   DFND 2 31,617 0 0
GENERAL CABLE CORP DEL NEW COM 369300108 19,133 1,004,350 SH   DFND 1 1,004,350 0 0
GENERAL CABLE CORP DEL NEW COM 369300108 1,557 81,750 SH   DFND 2 81,750 0 0
GENERAL CABLE CORP DEL NEW COM 369300108 15,837 831,361 SH   DFND 3 831,361 0 0
GENERAL MTRS CO COM 37045V100 24,020 689,450 SH   DFND 1 689,450 0 0
GENERAL MTRS CO COM 37045V100 13,955 400,550 SH   DFND 3 400,550 0 0
GILEAD SCIENCES INC COM 375558103 5,524 77,143 SH   DFND 1 77,143 0 0
GILEAD SCIENCES INC COM 375558103 2,251 31,428 SH   DFND 2 31,428 0 0
GILEAD SCIENCES INC COM 375558103 818 11,429 SH   DFND 3 11,429 0 0
GLOBAL X FDS GLB X MLP ENRG I 37950E226 273 18,369 SH   DFND 1 18,369 0 0
GREAT AJAX CORP COM 38983D300 1,215 91,552 SH   DFND 1 91,552 0 0
GREAT AJAX CORP COM 38983D300 10,425 785,571 SH   DFND 2 785,571 0 0
GREAT AJAX CORP COM 38983D300 9,210 694,067 SH   DFND 3 694,067 0 0
HC2 HLDGS INC COM 404139107 5,974 1,007,421 SH   DFND 2 1,007,421 0 0
HSBC HLDGS PLC SDCV 5.625%12/3 404280AR0 991 1,000,000 PRN   DFND 1 1,000,000 0 0
HSBC HLDGS PLC SDCV 5.625%12/3 404280AR0 8,919 9,000,000 PRN   DFND 3 9,000,000 0 0
HSBC HLDGS PLC NOTE 6.375%12/3 404280AT6 7,940 8,000,000 PRN   DFND 2 8,000,000 0 0
HSBC HLDGS PLC NOTE 6.375%12/3 404280AT6 1,985 2,000,000 PRN   OTR   2,000,000 0 0
INFINITY PHARMACEUTICALS INC COM 45665G303 27 20,000 SH   DFND 1 20,000 0 0
INFINITY PHARMACEUTICALS INC COM 45665G303 27 20,000 SH   DFND 2 20,000 0 0
INSTEEL INDUSTRIES INC COM 45774W108 877 24,609 SH   DFND 1 24,609 0 0
INSTEEL INDUSTRIES INC COM 45774W108 792 22,216 SH   DFND 2 22,216 0 0
INVESCO MORTGAGE CAPITAL INC COM 46131B100 1,180 80,800 SH   DFND 1 80,800 0 0
INVESCO MORTGAGE CAPITAL INC COM 46131B100 1,794 122,900 SH   DFND 2 122,900 0 0
KKR & CO L P DEL COM UNITS 48248M102 3,249 211,115 SH   DFND 1 211,115 0 0
KKR & CO L P DEL COM UNITS 48248M102 8,090 525,685 SH   DFND 2 525,685 0 0
KKR & CO L P DEL COM UNITS 48248M102 4,522 293,800 SH   DFND 3 293,800 0 0
KELLOGG CO COM 487836108 2,864 38,850 SH   DFND 1 38,850 0 0
LCNB CORP COM 50181P100 2,497 107,385 SH   DFND 1 107,385 0 0
LCNB CORP COM 50181P100 44 1,900 SH   DFND 3 1,900 0 0
LEGG MASON INC COM 524901105 3,398 113,600 SH   DFND 1 113,600 0 0
LEGG MASON INC COM 524901105 3,332 111,400 SH   DFND 2 111,400 0 0
LEUCADIA NATL CORP COM 527288104 184 7,896 SH   DFND 1 7,896 0 0
LEUCADIA NATL CORP COM 527288104 193 8,315 SH   DFND 2 8,315 0 0
LEUCADIA NATL CORP COM 527288104 6 263 SH   DFND 3 263 0 0
MFA FINL INC COM 55272X102 191 25,000 SH   DFND 1 25,000 0 0
MFA FINL INC COM 55272X102 191 25,000 SH   DFND 2 25,000 0 0
MTGE INVT CORP COM 55378A105 6,446 410,585 SH   DFND 1 410,585 0 0
MTGE INVT CORP COM 55378A105 10,078 641,920 SH   DFND 2 641,920 0 0
MTGE INVT CORP COM 55378A105 2,838 180,795 SH   DFND 3 180,795 0 0
MARATHON OIL CORP COM 565849106 3,427 198,000 SH   DFND 2 198,000 0 0
MEDLEY CAP CORP COM 58503F106 8,331 1,109,285 SH   DFND 1 1,109,285 0 0
MEDLEY CAP CORP COM 58503F106 8,190 1,090,573 SH   DFND 2 1,090,573 0 0
MEDLEY MGMT INC CL A COM 58503T106 2,997 302,750 SH   DFND 1 302,750 0 0
MEDLEY MGMT INC CL A COM 58503T106 2,736 276,350 SH   DFND 3 276,350 0 0
METLIFE INC COM 59156R108 6,736 125,000 SH   DFND 1 125,000 0 0
NII HLDGS INC COM PAR $0.001 62913F508 59 27,642 SH   DFND 1 27,642 0 0
NII HLDGS INC COM PAR $0.001 62913F508 170 79,223 SH   DFND 2 79,223 0 0
NMI HLDGS INC CL A 629209305 4,920 462,000 SH   DFND 1 462,000 0 0
NMI HLDGS INC CL A 629209305 9,862 926,000 SH   DFND 2 926,000 0 0
NEW YORK CMNTY BANCORP INC COM 649445103 5,569 350,000 SH   DFND 1 350,000 0 0
NORTHSTAR RLTY FIN CORP COM 66704R803 25,787 1,702,110 SH   DFND 1 1,702,110 0 0
NORTHSTAR RLTY FIN CORP COM 66704R803 2,581 170,390 SH   DFND 2 170,390 0 0
NORTHSTAR REALTY EUROPE CORP COM 66706L101 1,875 149,166 SH   DFND 1 149,166 0 0
OAKTREE CAP GROUP LLC UNIT CL A 674001201 938 25,000 SH   DFND 1 25,000 0 0
OAKTREE CAP GROUP LLC UNIT CL A 674001201 938 25,000 SH   DFND 2 25,000 0 0
OMEROS CORP COM 682143102 2,838 286,040 SH   DFND 1 286,040 0 0
OMEROS CORP COM 682143102 4,256 429,061 SH   DFND 2 429,061 0 0
ORGANOVO HLDGS INC COM 68620A104 310 91,500 SH   DFND 1 91,500 0 0
ORGANOVO HLDGS INC COM 68620A104 542 160,000 SH   DFND 2 160,000 0 0
PDVWIRELESS INC COM 69290R104 9,395 416,640 SH   DFND 1 416,640 0 0
PDVWIRELESS INC COM 69290R104 15,206 674,329 SH   DFND 2 674,329 0 0
PJT PARTNERS INC COM CL A 69343T107 34 1,110 SH   DFND 1 1,110 0 0
PJT PARTNERS INC COM CL A 69343T107 268 8,690 SH   DFND 2 8,690 0 0
PAYPAL HLDGS INC COM 70450Y103 2,289 58,000 SH   DFND 1 58,000 0 0
PEAK RESORTS INC COM 70469L100 6,915 1,245,986 SH   DFND 1 1,245,986 0 0
POTBELLY CORP COM 73754Y100 387 30,000 SH   DFND 1 30,000 0 0
POTBELLY CORP COM 73754Y100 1,290 100,000 SH   DFND 2 100,000 0 0
POTBELLY CORP COM 73754Y100 903 70,000 SH   DFND 3 70,000 0 0
PROSPECT CAPITAL CORPORATION NOTE 5.875% 1/1 74348TAM4 51 50,000 PRN   DFND 1 50,000 0 0
PROSPECT CAPITAL CORPORATION NOTE 5.875% 1/1 74348TAM4 870 850,000 PRN   DFND 2 850,000 0 0
PROSPECT CAPITAL CORPORATION NOTE 5.875% 1/1 74348TAM4 102 100,000 PRN   DFND 3 100,000 0 0
PROSPECT CAPITAL CORPORATION NOTE 4.750% 4/1 74348TAQ5 117 120,000 PRN   DFND 1 120,000 0 0
PROSPECT CAPITAL CORPORATION NOTE 4.750% 4/1 74348TAQ5 11,480 11,760,000 PRN   DFND 2 11,760,000 0 0
PROSPECT CAPITAL CORPORATION NOTE 4.750% 4/1 74348TAQ5 312 320,000 PRN   DFND 3 320,000 0 0
PROSPECT CAPITAL CORPORATION COM 74348T102 4,175 500,000 SH   DFND 1 500,000 0 0
PROSPECT CAPITAL CORPORATION COM 74348T102 4,175 500,000 SH   DFND 2 500,000 0 0
PRUDENTIAL FINL INC COM 744320102 13,034 125,250 SH   DFND 1 125,250 0 0
PRUDENTIAL FINL INC COM 744320102 6,615 63,573 SH   DFND 3 63,573 0 0
RESOLUTE FST PRODS INC COM 76117W109 2,536 474,084 SH   DFND 1 474,084 0 0
RESOLUTE FST PRODS INC COM 76117W109 4,150 775,627 SH   DFND 2 775,627 0 0
RESOLUTE FST PRODS INC COM 76117W109 167 31,125 SH   DFND 3 31,125 0 0
REVOLUTION LIGHTING TECHNOLO COM NEW 76155G206 4,964 902,535 SH   DFND 1 902,535 0 0
REVOLUTION LIGHTING TECHNOLO COM NEW 76155G206 4,964 902,535 SH   DFND 2 902,535 0 0
ROYAL BANK OF CANADA NOTE 4.650% 1/2 780082AD5 39,387 37,000,000 PRN   DFND 2 37,000,000 0 0
ROYAL DUTCH SHELL PLC SPON ADR B 780259107 464 8,000 SH   DFND 1 8,000 0 0
ROYAL DUTCH SHELL PLC SPON ADR B 780259107 5,913 102,000 SH   DFND 2 102,000 0 0
ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 353 6,500 SH   DFND 1 6,500 0 0
STARWOOD PPTY TR INC COM 85571B105 329 15,000 SH   DFND 1 15,000 0 0
STARWOOD PPTY TR INC COM 85571B105 329 15,000 SH   DFND 2 15,000 0 0
STONEGATE MTG CORP COM 86181Q300 7,796 1,305,830 SH   DFND 1 1,305,830 0 0
STONEGATE MTG CORP COM 86181Q300 7,560 1,266,281 SH   DFND 2 1,266,281 0 0
SUTHERLAND ASSET MGMT CORP M COM 86933G105 6,243 464,136 SH   DFND 1 464,136 0 0
SUTHERLAND ASSET MGMT CORP M COM 86933G105 12,190 906,290 SH   DFND 2 906,290 0 0
SUTHERLAND ASSET MGMT CORP M COM 86933G105 1,477 109,786 SH   DFND 3 109,786 0 0
TEVA PHARMACEUTICAL INDS LTD ADR 881624209 3,263 90,000 SH   DFND 1 90,000 0 0
TEVA PHARMACEUTICAL INDS LTD ADR 881624209 3,263 90,000 SH   DFND 2 90,000 0 0
TORONTO DOMINION BK ONT NOTE 3.625% 9/1 891160MJ9 29,595 30,000,000 PRN   DFND 2 30,000,000 0 0
TORTOISE ENERGY INFRA CORP COM 89147L100 4,918 160,236 SH   DFND 1 160,236 0 0
TORTOISE ENERGY INFRA CORP COM 89147L100 2,715 88,480 SH   DFND 2 88,480 0 0
TRIBUNE MEDIA CO CL A 896047503 11,893 340,000 SH   DFND 1 340,000 0 0
TWENTY FIRST CENTY FOX INC CL A 90130A101 1,402 50,000 SH   DFND 1 50,000 0 0
TWENTY FIRST CENTY FOX INC CL A 90130A101 1,402 50,000 SH   DFND 2 50,000 0 0
TWO HBRS INVT CORP COM 90187B101 4,011 460,000 SH   DFND 1 460,000 0 0
TWO HBRS INVT CORP COM 90187B101 11,380 1,305,000 SH   DFND 2 1,305,000 0 0
TWO HBRS INVT CORP COM 90187B101 3,444 395,000 SH   DFND 3 395,000 0 0
USA COMPRESSION PARTNERS LP COMUNIT LTDPAR 90290N109 193 11,150 SH   DFND 1 11,150 0 0
USA COMPRESSION PARTNERS LP COMUNIT LTDPAR 90290N109 2,054 118,721 SH   DFND 2 118,721 0 0
VANGUARD INTL EQUITY INDEX F FTSE SMCAP ETF 922042718 221 2,351 SH   DFND 1 2,351 0 0
VANGUARD INTL EQUITY INDEX F ALLWRLD EX US 922042775 321 7,265 SH   DFND 1 7,265 0 0
VANGUARD INDEX FDS S&P 500 ETF SHS 922908363 693 3,375 SH   DFND 1 3,375 0 0
VANGUARD INDEX FDS REIT ETF 922908553 420 5,089 SH   DFND 1 5,089 0 0
VANGUARD INDEX FDS EXTEND MKT ETF 922908652 516 5,380 SH   DFND 1 5,380 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 2,829 52,994 SH   DFND 2 52,994 0 0
VERISK ANALYTICS INC COM 92345Y106 15,113 186,191 SH   DFND 1 186,191 0 0
VIACOM INC NEW CL B 92553P201 16,411 467,550 SH   DFND 1 467,550 0 0
VIACOM INC NEW CL B 92553P201 7,983 227,450 SH   DFND 3 227,450 0 0
WELLS FARGO & CO NEW COM 949746101 6,723 122,000 SH   DFND 1 122,000 0 0
WESTPAC BKG CORP NOTE 4.322%11/2 961214DF7 7,008 7,000,000 PRN   DFND 2 7,000,000 0 0