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
AMERICAN CAP MTG INVT CORP COM 02504A104 4,385 219,052 SH   DFND 1 0 0 219,052
AMERICAN CAP MTG INVT CORP COM 02504A104 3,729 186,244 SH   SOLE   101,119 0 85,125
AMERICAN RLTY CAP PPTYS INC COM 02917T104 4,684 373,860 SH   DFND 1 0 0 373,860
AMERICAN RLTY CAP PPTYS INC COM 02917T104 3,744 298,835 SH   SOLE   176,770 0 122,065
APOLLO COML REAL EST FIN INC COM 03762U105 2,299 139,399 SH   DFND 1 0 0 139,399
APOLLO COML REAL EST FIN INC COM 03762U105 1,885 114,340 SH   SOLE   64,361 0 49,979
ARES CAP CORP COM 04010L103 4,552 254,899 SH   DFND 1 0 0 254,899
ARES CAP CORP COM 04010L103 3,748 209,829 SH   SOLE   117,640 0 92,189
AVENUE INCOME CR STRATEGIES COM 05358E106 2,841 158,019 SH   DFND 1 0 0 158,019
AVENUE INCOME CR STRATEGIES COM 05358E106 2,436 135,461 SH   SOLE   72,966 0 62,495
BANCO SANTANDER SA ADR 05964H105 2,649 254,226 SH   DFND 1 0 0 254,226
BANCO SANTANDER SA ADR 05964H105 2,074 199,042 SH   SOLE   117,365 0 81,677
BLACKROCK CORPOR HI YLD FD I COM 09255P107 1,883 153,243 SH   DFND 1 0 0 153,243
BLACKROCK CORPOR HI YLD FD I COM 09255P107 1,503 122,289 SH   SOLE   70,763 0 51,526
BP PRUDHOE BAY RTY TR UNIT BEN INT 055630107 5,123 51,776 SH   DFND 1 0 0 51,776
BP PRUDHOE BAY RTY TR UNIT BEN INT 055630107 4,181 42,256 SH   SOLE   23,886 0 18,370
CAPSTEAD MTG CORP COM NO PAR 14067E506 2,331 177,236 SH   DFND 1 0 0 177,236
CAPSTEAD MTG CORP COM NO PAR 14067E506 1,920 146,009 SH   SOLE   81,845 0 64,164
CVR PARTNERS LP COM 126633106 2,717 145,368 SH   DFND 1 0 0 145,368
CVR PARTNERS LP COM 126633106 2,275 121,698 SH   SOLE   67,115 0 54,583
CVR REFNG LP COMUNIT REP LT 12663P107 2,465 98,577 SH   DFND 1 0 0 98,577
CVR REFNG LP COMUNIT REP LT 12663P107 2,102 84,028 SH   SOLE   45,500 0 38,528
EPR PPTYS COM SH BEN INT 26884U109 5,173 92,597 SH   DFND 1 0 0 92,597
EPR PPTYS COM SH BEN INT 26884U109 4,045 72,407 SH   SOLE   42,747 0 29,660
FIFTH STREET FINANCE CORP COM 31678A103 1,987 202,129 SH   DFND 1 0 0 202,129
FIFTH STREET FINANCE CORP COM 31678A103 1,739 176,865 SH   SOLE   93,341 0 83,524
FRONTIER COMMUNICATIONS CORP COM 35906A108 5,821 996,704 SH   DFND 1 0 0 996,704
FRONTIER COMMUNICATIONS CORP COM 35906A108 4,861 832,404 SH   SOLE   460,097 0 372,307
HOLLYFRONTIER CORP COM 436106108 2,175 49,786 SH   DFND 1 0 0 49,786
HOLLYFRONTIER CORP COM 436106108 1,789 40,948 SH   SOLE   22,991 0 17,957
HOSPITALITY PPTYS TR COM SH BEN INT 44106M102 4,782 157,317 SH   DFND 1 0 0 157,317
HOSPITALITY PPTYS TR COM SH BEN INT 44106M102 3,763 123,798 SH   SOLE   72,621 0 51,177
INVESCO MORTGAGE CAPITAL INC COM 46131B100 2,420 139,399 SH   DFND 1 0 0 139,399
INVESCO MORTGAGE CAPITAL INC COM 46131B100 1,909 109,976 SH   SOLE   64,361 0 45,615
INVESCO MUNI INCOME OPP TRST COM 46132X101 556 79,890 SH   SOLE   0 0 79,890
KKR & CO L P DEL COM UNITS 48248M102 5,330 219,054 SH   DFND 1 0 0 219,054
KKR & CO L P DEL COM UNITS 48248M102 4,100 168,523 SH   SOLE   101,119 0 67,404
MORGAN STANLEY EM MKTS DM DE COM 617477104 4,642 348,500 SH   DFND 1 0 0 348,500
MORGAN STANLEY EM MKTS DM DE COM 617477104 3,795 284,877 SH   SOLE   160,869 0 124,008
NAVIOS MARITIME PARTNERS L P UNIT LPI Y62267102 3,678 189,185 SH   DFND 1 0 0 189,185
NAVIOS MARITIME PARTNERS L P UNIT LPI Y62267102 3,103 159,639 SH   SOLE   87,352 0 72,287
NISKA GAS STORAGE PARTNERS L UNIT LTD LIABI 654678101 2,559 166,281 SH   DFND 1 0 0 166,281
NISKA GAS STORAGE PARTNERS L UNIT LTD LIABI 654678101 2,195 142,652 SH   SOLE   76,752 0 65,900
NORTHERN TIER ENERGY LP COM UN REPR PART 665826103 2,449 91,603 SH   DFND 1 0 0 91,603
NORTHERN TIER ENERGY LP COM UN REPR PART 665826103 2,109 78,855 SH   SOLE   42,265 0 36,590
NUVEEN PFD INCOME OPPRTNY FD COM 67073B106 2,511 258,882 SH   DFND 1 0 0 258,882
NUVEEN PFD INCOME OPPRTNY FD COM 67073B106 1,967 202,827 SH   SOLE   119,498 0 83,329
OCH ZIFF CAP MGMT GROUP CL A 67551U105 2,754 199,144 SH   DFND 1 0 0 199,144
OCH ZIFF CAP MGMT GROUP CL A 67551U105 2,265 163,743 SH   SOLE   91,964 0 71,779
PETROLOGISTICS LP UNIT LTD PTH INT 71672U101 2,808 195,570 SH   DFND 1 0 0 195,570
PETROLOGISTICS LP UNIT LTD PTH INT 71672U101 2,396 166,846 SH   SOLE   89,624 0 77,222
PROSPECT CAPITAL CORPORATION COM 74348T102 4,022 378,369 SH   DFND 1 0 0 378,369
PROSPECT CAPITAL CORPORATION COM 74348T102 3,412 320,956 SH   SOLE   174,705 0 146,251
PUTNAM MANAGED MUN INCOM TR COM 746823103 289 40,270 SH   SOLE   0 0 40,270
REGENCY ENERGY PARTNERS L P COM UNITS L P 75885Y107 3,154 97,909 SH   DFND 1 0 0 97,909
REGENCY ENERGY PARTNERS L P COM UNITS L P 75885Y107 2,480 77,010 SH   SOLE   45,156 0 31,854
SEADRILL LIMITED SHS G7945E105 4,256 106,536 SH   DFND 1 0 0 106,536
SEADRILL LIMITED SHS G7945E105 3,332 83,399 SH   SOLE   49,217 0 34,182
SENIOR HSG PPTYS TR SH BEN INT 81721M109 2,562 105,457 SH   DFND 1 0 0 105,457
SENIOR HSG PPTYS TR SH BEN INT 81721M109 2,020 83,163 SH   SOLE   48,736 0 34,427
SHIP FINANCE INTERNATIONAL L SHS G81075106 2,480 133,429 SH   DFND 1 0 0 133,429
SHIP FINANCE INTERNATIONAL L SHS G81075106 2,047 110,105 SH   SOLE   61,608 0 48,497
STONE HBR EMERG MRKTS INC FD COM 86164T107 1,259 59,740 SH   DFND 1 0 0 59,740
STONE HBR EMERG MRKTS INC FD COM 86164T107 1,187 56,295 SH   SOLE   27,603 0 28,692
STONEMOR PARTNERS L P COM UNITS 86183Q100 2,413 99,572 SH   DFND 1 0 0 99,572
STONEMOR PARTNERS L P COM UNITS 86183Q100 2,073 85,550 SH   SOLE   45,982 0 39,568
STUDENT TRANSN INC COM 86388A108 1,231 185,931 SH   DFND 1 0 0 185,931
STUDENT TRANSN INC COM 86388A108 964 145,660 SH   SOLE   85,976 0 59,684
TERRA NITROGEN CO L P COM UNIT 881005201 2,012 13,940 SH   DFND 1 0 0 13,940
TERRA NITROGEN CO L P COM UNIT 881005201 1,652 11,448 SH   SOLE   6,402 0 5,046
VANGUARD NAT RES LLC COM UNIT 92205F106 4,809 149,358 SH   DFND 1 0 0 149,358
VANGUARD NAT RES LLC COM UNIT 92205F106 3,986 123,797 SH   SOLE   68,973 0 54,824
WESTERN ASSET EMRG MKT INCM COM 95766E103 1,287 99,570 SH   DFND 1 0 0 99,570
WESTERN ASSET EMRG MKT INCM COM 95766E103 1,010 78,136 SH   SOLE   45,982 0 32,154
WESTERN ASSET GLB HI INCOME COM 95766B109 2,303 179,227 SH   DFND 1 0 0 179,227
WESTERN ASSET GLB HI INCOME COM 95766B109 1,803 140,311 SH   SOLE   82,740 0 57,571
WHITESTONE REIT COM 966084204 1,113 74,679 SH   DFND 1 0 0 74,679
WHITESTONE REIT COM 966084204 874 58,630 SH   SOLE   34,487 0 24,143