The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete. | |||||||||||||||||
|
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F INFORMATION TABLE |
|
||||||||||||||||
| 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 |
| BARCLAYS BANK PLC | ADR PFD SR 5 | 06739H362 | 52,426 | 2,060,767 | SH | SOLE | 2,060,767 | 0 | 0 | ||
| BARCLAYS BANK PLC | ADS7.75%PFD S4 | 06739H511 | 5,059 | 200,350 | SH | SOLE | 200,350 | 0 | 0 | ||
| BARCLAYS BANK PLC | SP ADR 7.1%PF3 | 06739H776 | 24,863 | 994,502 | SH | SOLE | 994,502 | 0 | 0 | ||
| CIT GROUP INC | COM NEW | 125581801 | 6,666 | 136,760 | SH | SOLE | 136,760 | 0 | 0 | ||
| COMMONWEALTH REIT | CV PFD-E 7.25% | 203233606 | 2,418 | 106,157 | SH | SOLE | 106,157 | 0 | 0 | ||
| EXELON CORP | COM | 30161N101 | 2,223 | 75,000 | SH | SOLE | 75,000 | 0 | 0 | ||
| KEYCORP NEW | PFD 7.75% SR A | 493267405 | 3,372 | 26,990 | SH | SOLE | 26,990 | 0 | 0 | ||
| ROYAL BK SCOTLAND GROUP PLC | SP ADR PREF T | 780097713 | 24,165 | 1,028,743 | SH | SOLE | 1,028,743 | 0 | 0 | ||
| ROYAL BK SCOTLAND GROUP PLC | SP ADR PREF S | 780097739 | 2,880 | 134,400 | SH | SOLE | 134,400 | 0 | 0 | ||
| ROYAL BK SCOTLAND GROUP PLC | SP ADR PREF M | 780097796 | 1,301 | 62,000 | SH | SOLE | 62,000 | 0 | 0 | ||
| WELLS FARGO & CO NEW | PERP PFD CNV A | 949746804 | 36,165 | 31,793 | SH | SOLE | 31,793 | 0 | 0 | ||