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 5,056 281,530 SH   SOLE   191,325 0 90,205
AMERICAN CAP MTG INVT CORP COM 02504A104 3,000 167,015 SH   DFND 1 0 0 167,015
AMERICAN RLTY CAP PPTYS INC COM 02917T104 3,086 313,364 SH   SOLE   223,575 0 89,789
AMERICAN RLTY CAP PPTYS INC COM 02917T104 1,957 198,730 SH   DFND 1 0 0 198,730
APOLLO COML REAL EST FIN INC COM 03762U105 3,052 177,648 SH   SOLE   124,430 0 53,218
APOLLO COML REAL EST FIN INC COM 03762U105 1,866 108,595 SH   DFND 1 0 0 108,595
APOLLO GLOBAL MGMT LLC CL A SHS 037612306 5,342 247,335 SH   SOLE   176,365 0 70,970
APOLLO GLOBAL MGMT LLC CL A SHS 037612306 3,260 150,915 SH   DFND 1 0 0 150,915
ARES CAP CORP COM 04010L103 6,226 362,627 SH   SOLE   255,225 0 107,402
ARES CAP CORP COM 04010L103 3,817 222,325 SH   DFND 1 0 0 222,325
AVENUE INCOME CR STRATEGIES COM 05358E106 1,578 104,204 SH   SOLE   73,760 0 30,444
AVENUE INCOME CR STRATEGIES COM 05358E106 827 54,650 SH   DFND 1 0 0 54,650
BLACKROCK CORPOR HI YLD FD I COM 09255P107 2,135 191,259 SH   SOLE   136,250 0 55,009
BLACKROCK CORPOR HI YLD FD I COM 09255P107 1,328 119,020 SH   DFND 1 0 0 119,020
BP PRUDHOE BAY RTY TR UNIT BEN INT 055630107 2,047 35,161 SH   SOLE   23,945 0 11,216
BP PRUDHOE BAY RTY TR UNIT BEN INT 055630107 1,232 21,175 SH   DFND 1 0 0 21,175
CALUMET SPECIALTY PRODS PTNR UT LTD PARTNER 131476103 5,532 230,022 SH   SOLE   160,780 0 69,242
CALUMET SPECIALTY PRODS PTNR UT LTD PARTNER 131476103 3,243 134,840 SH   DFND 1 0 0 134,840
CAPSTEAD MTG CORP COM NO PAR 14067E506 2,622 222,779 SH   SOLE   154,750 0 68,029
CAPSTEAD MTG CORP COM NO PAR 14067E506 1,593 135,310 SH   DFND 1 0 0 135,310
CVR PARTNERS LP COM 126633106 2,418 183,900 SH   SOLE   126,175 0 57,725
CVR PARTNERS LP COM 126633106 1,450 110,265 SH   DFND 1 0 0 110,265
CVR REFNG LP COMUNIT REP LT 12663P107 5,111 246,431 SH   SOLE   173,185 0 73,246
CVR REFNG LP COMUNIT REP LT 12663P107 2,987 144,025 SH   DFND 1 0 0 144,025
EPR PPTYS COM SH BEN INT 26884U109 2,734 45,538 SH   SOLE   32,280 0 13,258
EPR PPTYS COM SH BEN INT 26884U109 1,621 27,000 SH   DFND 1 0 0 27,000
FIFTH STREET FINANCE CORP COM 31678A103 1,970 269,885 SH   SOLE   179,600 0 90,285
FIFTH STREET FINANCE CORP COM 31678A103 1,144 156,740 SH   DFND 1 0 0 156,740
FIRST TR INTER DUR PFD & IN COM 33718W103 1,372 61,083 SH   SOLE   43,575 0 17,508
FIRST TR INTER DUR PFD & IN COM 33718W103 821 36,565 SH   DFND 1 0 0 36,565
FRONTIER COMMUNICATIONS CORP COM 35906A108 2,432 344,985 SH   SOLE   228,580 0 116,405
FRONTIER COMMUNICATIONS CORP COM 35906A108 1,405 199,225 SH   DFND 1 0 0 199,225
HOSPITALITY PPTYS TR COM SH BEN INT 44106M102 5,549 168,177 SH   SOLE   116,600 0 51,577
HOSPITALITY PPTYS TR COM SH BEN INT 44106M102 3,282 99,485 SH   DFND 1 0 0 99,485
INVESCO DYNAMIC CR OPP FD COM 46132R104 1,421 118,690 SH   SOLE   85,430 0 33,260
INVESCO DYNAMIC CR OPP FD COM 46132R104 892 74,485 SH   DFND 1 0 0 74,485
INVESCO MORTGAGE CAPITAL INC COM 46131B100 2,634 169,602 SH   SOLE   121,400 0 48,202
INVESCO MORTGAGE CAPITAL INC COM 46131B100 1,644 105,830 SH   DFND 1 0 0 105,830
INVESCO MUNI INCOME OPP TRST COM 46132X101 535 75,415 SH   DFND 1 0 0 75,415
KKR & CO L P DEL COM UNITS 48248M102 6,041 264,804 SH   SOLE   194,675 0 70,129
KKR & CO L P DEL COM UNITS 48248M102 3,879 170,050 SH   DFND 1 0 0 170,050
MARTIN MIDSTREAM PRTNRS L P UNIT L P INT 573331105 5,852 165,134 SH   SOLE   115,235 0 49,899
MARTIN MIDSTREAM PRTNRS L P UNIT L P INT 573331105 3,686 104,015 SH   DFND 1 0 0 104,015
MEDLEY CAP CORP COM 58503F106 1,319 144,070 SH   SOLE   102,810 0 41,260
MEDLEY CAP CORP COM 58503F106 800 87,460 SH   DFND 1 0 0 87,460
NAVIOS MARITIME PARTNERS L P UNIT LPI Y62267102 2,714 243,631 SH   SOLE   168,205 0 75,426
NAVIOS MARITIME PARTNERS L P UNIT LPI Y62267102 1,635 146,725 SH   DFND 1 0 0 146,725
NEW RESIDENTIAL INVT CORP COM NEW 64828T201 3,587 238,698 SH   SOLE   167,425 0 71,273
NEW RESIDENTIAL INVT CORP COM NEW 64828T201 2,184 145,285 SH   DFND 1 0 0 145,285
NEXPOINT CR STRATEGIES FD COM 65340G106 3,240 266,261 SH   SOLE   191,975 0 74,286
NEXPOINT CR STRATEGIES FD COM 65340G106 2,039 167,575 SH   DFND 1 0 0 167,575
NORTHERN TIER ENERGY LP COM UN REPR PART 665826103 3,004 118,541 SH   SOLE   80,250 0 38,291
NORTHERN TIER ENERGY LP COM UN REPR PART 665826103 1,774 70,010 SH   DFND 1 0 0 70,010
NORTHSTAR RLTY FIN CORP COM NEW 66704R704 5,973 329,619 SH   SOLE   231,885 0 97,734
NORTHSTAR RLTY FIN CORP COM NEW 66704R704 3,666 202,330 SH   DFND 1 0 0 202,330
NUVEEN PFD INCOME OPPRTNY FD COM 67073B106 2,994 314,121 SH   SOLE   225,500 0 88,621
NUVEEN PFD INCOME OPPRTNY FD COM 67073B106 1,875 196,750 SH   DFND 1 0 0 196,750
PROSPECT CAPITAL CORPORATION COM 74348T102 4,921 582,311 SH   SOLE   406,840 0 175,471
PROSPECT CAPITAL CORPORATION COM 74348T102 3,003 355,440 SH   DFND 1 0 0 355,440
PUTNAM MANAGED MUN INCOM TR COM 746823103 298 40,270 SH   DFND 1 0 0 40,270
SENIOR HSG PPTYS TR SH BEN INT 81721M109 2,861 128,920 SH   SOLE   92,655 0 36,265
SENIOR HSG PPTYS TR SH BEN INT 81721M109 1,793 80,815 SH   DFND 1 0 0 80,815
SHIP FINANCE INTERNATIONAL L SHS G81075106 5,251 354,814 SH   SOLE   248,860 0 105,954
SHIP FINANCE INTERNATIONAL L SHS G81075106 3,153 213,020 SH   DFND 1 0 0 213,020
STARWOOD PPTY TR INC COM 85571B105 6,397 263,267 SH   SOLE   185,560 0 77,707
STARWOOD PPTY TR INC COM 85571B105 3,934 161,875 SH   DFND 1 0 0 161,875
STONE HBR EMERG MRKTS INC FD COM 86164T107 1,261 81,297 SH   SOLE   51,655 0 29,642
STONE HBR EMERG MRKTS INC FD COM 86164T107 698 44,990 SH   DFND 1 0 0 44,990
STONEMOR PARTNERS L P COM UNITS 86183Q100 3,733 129,553 SH   SOLE   88,715 0 40,838
STONEMOR PARTNERS L P COM UNITS 86183Q100 2,233 77,495 SH   DFND 1 0 0 77,495
STUDENT TRANSN INC COM 86388A108 1,223 226,525 SH   SOLE   162,650 0 63,875
STUDENT TRANSN INC COM 86388A108 765 141,745 SH   DFND 1 0 0 141,745
TERRA NITROGEN CO L P COM UNIT 881005201 5,800 39,803 SH   SOLE   28,225 0 11,578
TERRA NITROGEN CO L P COM UNIT 881005201 2,571 17,645 SH   DFND 1 0 0 17,645
VANGUARD NAT RES LLC COM UNIT 92205F106 2,667 190,793 SH   SOLE   132,715 0 58,078
VANGUARD NAT RES LLC COM UNIT 92205F106 1,639 117,245 SH   DFND 1 0 0 117,245
WESTERN ASSET EMRG MKT INCM COM 95766E103 1,334 120,152 SH   SOLE   85,910 0 34,242
WESTERN ASSET EMRG MKT INCM COM 95766E103 833 75,010 SH   DFND 1 0 0 75,010
WESTERN ASSET GLB HI INCOME COM 95766B109 2,423 218,112 SH   SOLE   156,840 0 61,272
WESTERN ASSET GLB HI INCOME COM 95766B109 1,519 136,730 SH   DFND 1 0 0 136,730
WHITESTONE REIT COM 966084204 1,442 90,832 SH   SOLE   65,000 0 25,832
WHITESTONE REIT COM 966084204 900 56,660 SH   DFND 1 0 0 56,660