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 3,030 189,493 SH   SOLE   144,530 0 44,963
AMERICAN CAP MTG INVT CORP COM 02504A104 1,244 77,800 SH   DFND 1 0 0 77,800
AMERICAN RLTY CAP PPTYS INC COM 02917T104 3,068 377,438 SH   SOLE   291,035 0 86,403
AMERICAN RLTY CAP PPTYS INC COM 02917T104 1,302 160,125 SH   DFND 1 0 0 160,125
APOLLO COML REAL EST FIN INC COM 03762U105 6,425 391,061 SH   SOLE   292,290 0 98,771
APOLLO COML REAL EST FIN INC COM 03762U105 2,632 160,225 SH   DFND 1 0 0 160,225
APOLLO GLOBAL MGMT LLC CL A SHS 037612306 3,369 152,044 SH   SOLE   113,915 0 38,129
APOLLO GLOBAL MGMT LLC CL A SHS 037612306 1,346 60,775 SH   DFND 1 0 0 60,775
ARES CAP CORP COM 04010L103 6,973 423,661 SH   SOLE   319,945 0 103,716
ARES CAP CORP COM 04010L103 2,939 178,575 SH   DFND 1 0 0 178,575
AVENUE INCOME CR STRATEGIES COM 05358E106 1,720 121,056 SH   SOLE   91,835 0 29,221
AVENUE INCOME CR STRATEGIES COM 05358E106 624 43,925 SH   DFND 1 0 0 43,925
BLACKROCK CORPOR HI YLD FD I COM 09255P107 2,387 221,211 SH   SOLE   168,580 0 52,631
BLACKROCK CORPOR HI YLD FD I COM 09255P107 1,033 95,725 SH   DFND 1 0 0 95,725
BP PRUDHOE BAY RTY TR UNIT BEN INT 055630107 2,470 40,022 SH   SOLE   30,550 0 9,472
BP PRUDHOE BAY RTY TR UNIT BEN INT 055630107 1,052 17,050 SH   DFND 1 0 0 17,050
CALUMET SPECIALTY PRODS PTNR UT LTD PARTNER 131476103 6,878 270,137 SH   SOLE   203,215 0 66,922
CALUMET SPECIALTY PRODS PTNR UT LTD PARTNER 131476103 2,518 98,900 SH   DFND 1 0 0 98,900
CAPSTEAD MTG CORP COM NO PAR 14067E506 2,890 260,392 SH   SOLE   194,150 0 66,242
CAPSTEAD MTG CORP COM NO PAR 14067E506 1,207 108,775 SH   DFND 1 0 0 108,775
CVR PARTNERS LP COM 126633106 2,669 211,297 SH   SOLE   155,010 0 56,287
CVR PARTNERS LP COM 126633106 1,119 88,600 SH   DFND 1 0 0 88,600
CVR REFNG LP COMUNIT REP LT 12663P107 3,049 166,600 SH   SOLE   121,640 0 44,960
CVR REFNG LP COMUNIT REP LT 12663P107 1,212 66,250 SH   DFND 1 0 0 66,250
EPR PPTYS COM SH BEN INT 26884U109 3,042 55,533 SH   SOLE   42,770 0 12,763
EPR PPTYS COM SH BEN INT 26884U109 1,189 21,700 SH   DFND 1 0 0 21,700
FIFTH STREET FINANCE CORP COM 31678A103 2,050 313,053 SH   SOLE   225,570 0 87,483
FIFTH STREET FINANCE CORP COM 31678A103 825 126,025 SH   DFND 1 0 0 126,025
FIRST TR INTER DUR PFD & IN COM 33718W103 1,597 74,142 SH   SOLE   57,295 0 16,847
FIRST TR INTER DUR PFD & IN COM 33718W103 633 29,390 SH   DFND 1 0 0 29,390
FRONTIER COMMUNICATIONS CORP COM 35906A108 2,019 408,023 SH   SOLE   306,110 0 101,913
FRONTIER COMMUNICATIONS CORP COM 35906A108 793 160,225 SH   DFND 1 0 0 160,225
HOSPITALITY PPTYS TR COM SH BEN INT 44106M102 6,041 209,626 SH   SOLE   160,100 0 49,526
HOSPITALITY PPTYS TR COM SH BEN INT 44106M102 2,310 80,150 SH   DFND 1 0 0 80,150
INVESCO DYNAMIC CR OPP FD COM 46132R104 1,614 139,098 SH   SOLE   107,105 0 31,993
INVESCO DYNAMIC CR OPP FD COM 46132R104 695 59,900 SH   DFND 1 0 0 59,900
INVESCO MORTGAGE CAPITAL INC COM 46131B100 2,843 198,476 SH   SOLE   152,200 0 46,276
INVESCO MORTGAGE CAPITAL INC COM 46131B100 1,221 85,250 SH   DFND 1 0 0 85,250
KKR & CO L P DEL COM UNITS 48248M102 7,138 312,404 SH   SOLE   244,650 0 67,754
KKR & CO L P DEL COM UNITS 48248M102 3,125 136,750 SH   DFND 1 0 0 136,750
MARTIN MIDSTREAM PRTNRS L P UNIT L P INT 573331105 6,010 194,136 SH   SOLE   145,915 0 48,221
MARTIN MIDSTREAM PRTNRS L P UNIT L P INT 573331105 2,336 75,450 SH   DFND 1 0 0 75,450
MEDLEY CAP CORP COM 58503F106 1,560 174,986 SH   SOLE   135,285 0 39,701
MEDLEY CAP CORP COM 58503F106 626 70,300 SH   DFND 1 0 0 70,300
MEMORIAL PRODTN PARTNERS LP COM U REP LTD 586048100 2,904 195,544 SH   SOLE   146,395 0 49,149
MEMORIAL PRODTN PARTNERS LP COM U REP LTD 586048100 1,197 80,600 SH   DFND 1 0 0 80,600
NAVIOS MARITIME PARTNERS L P UNIT LPI Y62267102 3,036 283,811 SH   SOLE   210,915 0 72,896
NAVIOS MARITIME PARTNERS L P UNIT LPI Y62267102 1,262 117,975 SH   DFND 1 0 0 117,975
NEW RESIDENTIAL INVT CORP COM NEW 64828T201 4,250 278,916 SH   SOLE   210,095 0 68,821
NEW RESIDENTIAL INVT CORP COM NEW 64828T201 1,781 116,850 SH   DFND 1 0 0 116,850
NEXPOINT CR STRATEGIES FD COM 65340G106 2,290 312,415 SH   SOLE   240,955 0 71,460
NEXPOINT CR STRATEGIES FD COM 65340G106 987 134,700 SH   DFND 1 0 0 134,700
NORTHERN TIER ENERGY LP COM UN REPR PART 665826103 3,182 133,869 SH   SOLE   97,340 0 36,529
NORTHERN TIER ENERGY LP COM UN REPR PART 665826103 1,335 56,150 SH   DFND 1 0 0 56,150
NORTHSTAR RLTY FIN CORP COM NEW 66704R704 6,095 383,277 SH   SOLE   290,830 0 92,447
NORTHSTAR RLTY FIN CORP COM NEW 66704R704 2,596 163,300 SH   DFND 1 0 0 163,300
NUVEEN PFD INCOME OPPRTNY FD COM 67073B106 3,372 368,197 SH   SOLE   282,790 0 85,407
NUVEEN PFD INCOME OPPRTNY FD COM 67073B106 1,448 158,100 SH   DFND 1 0 0 158,100
PROSPECT CAPITAL CORPORATION COM 74348T102 2,929 397,385 SH   SOLE   297,705 0 99,680
PROSPECT CAPITAL CORPORATION COM 74348T102 1,188 161,225 SH   DFND 1 0 0 161,225
SENIOR HSG PPTYS TR SH BEN INT 81721M109 2,653 151,130 SH   SOLE   116,275 0 34,855
SENIOR HSG PPTYS TR SH BEN INT 81721M109 1,141 65,000 SH   DFND 1 0 0 65,000
SHIP FINANCE INTERNATIONAL L SHS G81075106 7,071 433,247 SH   SOLE   331,055 0 102,192
SHIP FINANCE INTERNATIONAL L SHS G81075106 2,794 171,200 SH   DFND 1 0 0 171,200
STAG INDL INC COM 85254J102 2,960 147,945 SH   SOLE   113,415 0 34,530
STAG INDL INC COM 85254J102 1,224 61,175 SH   DFND 1 0 0 61,175
STARWOOD PPTY TR INC COM 85571B105 6,640 307,825 SH   SOLE   232,740 0 75,085
STARWOOD PPTY TR INC COM 85571B105 2,813 130,400 SH   DFND 1 0 0 130,400
STONE HBR EMERG MRKTS INC FD COM 86164T107 1,402 93,225 SH   SOLE   64,715 0 28,510
STONE HBR EMERG MRKTS INC FD COM 86164T107 544 36,175 SH   DFND 1 0 0 36,175
STONEMOR PARTNERS L P COM UNITS 86183Q100 4,486 148,765 SH   SOLE   109,245 0 39,520
STONEMOR PARTNERS L P COM UNITS 86183Q100 1,878 62,275 SH   DFND 1 0 0 62,275
STUDENT TRANSN INC COM 86388A108 1,225 265,130 SH   SOLE   203,740 0 61,390
STUDENT TRANSN INC COM 86388A108 527 114,025 SH   DFND 1 0 0 114,025
TERRA NITROGEN CO L P COM UNIT 881005201 5,636 46,541 SH   SOLE   35,375 0 11,166
TERRA NITROGEN CO L P COM UNIT 881005201 1,383 11,425 SH   DFND 1 0 0 11,425
VANGUARD NAT RES LLC COM UNIT 92205F106 3,266 218,728 SH   SOLE   163,260 0 55,468
VANGUARD NAT RES LLC COM UNIT 92205F106 1,405 94,075 SH   DFND 1 0 0 94,075
WESTERN ASSET EMRG MKT INCM COM 95766E103 1,510 140,753 SH   SOLE   107,865 0 32,888
WESTERN ASSET EMRG MKT INCM COM 95766E103 647 60,300 SH   DFND 1 0 0 60,300
WESTERN ASSET GLB HI INCOME COM 95766B109 2,643 255,591 SH   SOLE   196,510 0 59,081
WESTERN ASSET GLB HI INCOME COM 95766B109 1,137 109,950 SH   DFND 1 0 0 109,950
WHITESTONE REIT COM 966084204 1,384 106,304 SH   SOLE   81,485 0 24,819
WHITESTONE REIT COM 966084204 593 45,550 SH   DFND 1 0 0 45,550