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 4,945 262,499 SH   SOLE   174,050 0 88,449
AMERICAN CAP MTG INVT CORP COM 02504A104 3,565 189,200 SH   DFND 1 0 0 189,200
AMERICAN RLTY CAP PPTYS INC COM 02917T104 2,602 287,565 SH   SOLE   203,385 0 84,180
AMERICAN RLTY CAP PPTYS INC COM 02917T104 2,037 225,125 SH   DFND 1 0 0 225,125
APOLLO COML REAL EST FIN INC COM 03762U105 2,696 164,774 SH   SOLE   113,100 0 51,674
APOLLO COML REAL EST FIN INC COM 03762U105 2,013 123,025 SH   DFND 1 0 0 123,025
APOLLO GLOBAL MGMT LLC CL A SHS 037612306 5,402 229,109 SH   SOLE   160,400 0 68,709
APOLLO GLOBAL MGMT LLC CL A SHS 037612306 4,032 170,990 SH   DFND 1 0 0 170,990
ARES CAP CORP COM 04010L103 5,269 337,621 SH   SOLE   232,340 0 105,281
ARES CAP CORP COM 04010L103 3,931 251,890 SH   DFND 1 0 0 251,890
AVENUE INCOME CR STRATEGIES COM 05358E106 1,463 96,856 SH   SOLE   67,240 0 29,616
AVENUE INCOME CR STRATEGIES COM 05358E106 936 61,935 SH   DFND 1 0 0 61,935
BLACKROCK CORPOR HI YLD FD I COM 09255P107 2,023 177,487 SH   SOLE   124,170 0 53,317
BLACKROCK CORPOR HI YLD FD I COM 09255P107 1,537 134,835 SH   DFND 1 0 0 134,835
BP PRUDHOE BAY RTY TR UNIT BEN INT 055630107 2,222 32,855 SH   SOLE   21,815 0 11,040
BP PRUDHOE BAY RTY TR UNIT BEN INT 055630107 1,623 23,990 SH   DFND 1 0 0 23,990
CALUMET SPECIALTY PRODS PTNR UT LTD PARTNER 131476103 4,792 213,833 SH   SOLE   146,470 0 67,363
CALUMET SPECIALTY PRODS PTNR UT LTD PARTNER 131476103 3,189 142,285 SH   DFND 1 0 0 142,285
CAPSTEAD MTG CORP COM NO PAR 14067E506 2,542 207,032 SH   SOLE   140,970 0 66,062
CAPSTEAD MTG CORP COM NO PAR 14067E506 1,883 153,300 SH   DFND 1 0 0 153,300
CVR PARTNERS LP COM 126633106 1,670 171,433 SH   SOLE   114,872 0 56,561
CVR PARTNERS LP COM 126633106 1,217 124,910 SH   DFND 1 0 0 124,910
CVR REFNG LP COMUNIT REP LT 12663P107 3,848 229,032 SH   SOLE   157,780 0 71,252
CVR REFNG LP COMUNIT REP LT 12663P107 2,741 163,180 SH   DFND 1 0 0 163,180
EPR PPTYS COM SH BEN INT 26884U109 4,997 86,709 SH   SOLE   57,605 0 29,104
EPR PPTYS COM SH BEN INT 26884U109 3,557 61,715 SH   DFND 1 0 0 61,715
FIFTH STREET FINANCE CORP COM 31678A103 2,016 251,651 SH   SOLE   163,550 0 88,101
FIFTH STREET FINANCE CORP COM 31678A103 1,423 177,600 SH   DFND 1 0 0 177,600
FRONTIER COMMUNICATIONS CORP COM 35906A108 5,421 812,706 SH   SOLE   548,800 0 263,906
FRONTIER COMMUNICATIONS CORP COM 35906A108 4,198 629,385 SH   DFND 1 0 0 629,385
HOSPITALITY PPTYS TR COM SH BEN INT 44106M102 4,866 156,967 SH   SOLE   106,170 0 50,797
HOSPITALITY PPTYS TR COM SH BEN INT 44106M102 3,495 112,740 SH   DFND 1 0 0 112,740
INVESCO DYNAMIC CR OPP FD COM 46132R104 1,303 109,923 SH   SOLE   77,785 0 32,138
INVESCO DYNAMIC CR OPP FD COM 46132R104 1,000 84,390 SH   DFND 1 0 0 84,390
INVESCO MORTGAGE CAPITAL INC COM 46131B100 2,437 157,616 SH   SOLE   110,530 0 47,086
INVESCO MORTGAGE CAPITAL INC COM 46131B100 1,854 119,910 SH   DFND 1 0 0 119,910
INVESCO MUNI INCOME OPP TRST COM 46132X101 531 76,090 SH   SOLE   0 0 76,090
KKR & CO L P DEL COM UNITS 48248M102 5,689 245,121 SH   SOLE   177,574 0 67,547
KKR & CO L P DEL COM UNITS 48248M102 4,473 192,700 SH   DFND 1 0 0 192,700
MARTIN MIDSTREAM PRTNRS L P UNIT L P INT 573331105 4,120 153,256 SH   SOLE   104,750 0 48,506
MARTIN MIDSTREAM PRTNRS L P UNIT L P INT 573331105 3,093 115,050 SH   DFND 1 0 0 115,050
NAVIOS MARITIME PARTNERS L P UNIT LPI Y62267102 2,301 226,262 SH   SOLE   153,150 0 73,112
NAVIOS MARITIME PARTNERS L P UNIT LPI Y62267102 1,691 166,260 SH   DFND 1 0 0 166,260
NEW RESIDENTIAL INVT CORP COM NEW 64828T201 2,830 221,594 SH   SOLE   152,535 0 69,059
NEW RESIDENTIAL INVT CORP COM NEW 64828T201 2,102 164,635 SH   DFND 1 0 0 164,635
NEXPOINT CR STRATEGIES FD COM 65340G106 2,771 246,747 SH   SOLE   175,000 0 71,747
NEXPOINT CR STRATEGIES FD COM 65340G106 2,132 189,885 SH   DFND 1 0 0 189,885
NORTHERN TIER ENERGY LP COM UN REPR PART 665826103 2,446 110,484 SH   SOLE   73,105 0 37,379
NORTHERN TIER ENERGY LP COM UN REPR PART 665826103 1,756 79,320 SH   DFND 1 0 0 79,320
NORTHSTAR RLTY FIN CORP COM NEW 66704R704 5,393 306,789 SH   SOLE   211,380 0 95,409
NORTHSTAR RLTY FIN CORP COM NEW 66704R704 4,030 229,240 SH   DFND 1 0 0 229,240
NUVEEN PFD INCOME OPPRTNY FD COM 67073B106 2,783 291,098 SH   SOLE   205,340 0 85,758
NUVEEN PFD INCOME OPPRTNY FD COM 67073B106 2,131 222,860 SH   DFND 1 0 0 222,860
PROSPECT CAPITAL CORPORATION COM 74348T102 4,466 540,712 SH   SOLE   370,690 0 170,022
PROSPECT CAPITAL CORPORATION COM 74348T102 3,326 402,625 SH   DFND 1 0 0 402,625
PUTNAM MANAGED MUN INCOM TR COM 746823103 292 40,270 SH   SOLE   0 0 40,270
SENIOR HSG PPTYS TR SH BEN INT 81721M109 2,652 119,956 SH   SOLE   84,390 0 35,566
SENIOR HSG PPTYS TR SH BEN INT 81721M109 2,025 91,570 SH   DFND 1 0 0 91,570
SHIP FINANCE INTERNATIONAL L SHS G81075106 2,204 156,117 SH   SOLE   106,215 0 49,902
SHIP FINANCE INTERNATIONAL L SHS G81075106 1,626 115,180 SH   DFND 1 0 0 115,180
STARWOOD PPTY TR INC COM 85571B105 5,691 244,873 SH   SOLE   169,175 0 75,698
STARWOOD PPTY TR INC COM 85571B105 4,262 183,400 SH   DFND 1 0 0 183,400
STONE HBR EMERG MRKTS INC FD COM 86164T107 1,180 76,042 SH   SOLE   47,050 0 28,992
STONE HBR EMERG MRKTS INC FD COM 86164T107 792 51,000 SH   DFND 1 0 0 51,000
STONEMOR PARTNERS L P COM UNITS 86183Q100 3,121 121,093 SH   SOLE   80,915 0 40,178
STONEMOR PARTNERS L P COM UNITS 86183Q100 2,263 87,800 SH   DFND 1 0 0 87,800
STUDENT TRANSN INC COM 86388A108 1,307 209,715 SH   SOLE   147,930 0 61,785
STUDENT TRANSN INC COM 86388A108 1,001 160,600 SH   DFND 1 0 0 160,600
TERRA NITROGEN CO L P COM UNIT 881005201 1,709 16,637 SH   SOLE   11,310 0 5,327
TERRA NITROGEN CO L P COM UNIT 881005201 1,261 12,275 SH   DFND 1 0 0 12,275
VANGUARD NAT RES LLC COM UNIT 92205F106 2,670 177,184 SH   SOLE   121,010 0 56,174
VANGUARD NAT RES LLC COM UNIT 92205F106 1,979 131,320 SH   DFND 1 0 0 131,320
WESTERN ASSET EMRG MKT INCM COM 95766E103 1,221 111,527 SH   SOLE   78,345 0 33,182
WESTERN ASSET EMRG MKT INCM COM 95766E103 931 84,980 SH   DFND 1 0 0 84,980
WESTERN ASSET GLB HI INCOME COM 95766B109 2,242 201,973 SH   SOLE   142,690 0 59,283
WESTERN ASSET GLB HI INCOME COM 95766B109 1,720 154,925 SH   DFND 1 0 0 154,925
WHITESTONE REIT COM 966084204 1,272 84,174 SH   SOLE   59,180 0 24,994
WHITESTONE REIT COM 966084204 970 64,200 SH   DFND 1 0 0 64,200