13F-HR 1 march13ftable11.txt MARCH 31, 2011 13F FORM 13F INFORMATION TABLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- Alerian MLP COM 00162Q866 4091 250060 SH SOLE 250060 DCP Midstream Partners, LP COM 23311P100 1233 30450 SH SOLE 30450 Energy Transfer Equity LP COM 29273V100 1122 24930 SH SOLE 24930 Enterprise Prod Partners COM 293792107 2044 47475 SH SOLE 47475 Inergy L.P. COM 456615103 564 14057 SH SOLE 14057 Magellan Midstream Partners, L COM 559080106 1445 24136 SH SOLE 24136 Northstar Realty Finance Corp. COM 66704r100 507 94749 SH SOLE 94749 Plains All American Pipeline L COM 726503105 1092 17138 SH SOLE 17138 Resource Capital COM 76120W302 772 117207 SH SOLE 117207 Starwood Property Trust COM 85571b105 434 19470 SH SOLE 19470 Teekay Offshore Partners, L.P. COM y8565j101 3007 98580 SH SOLE 98580 Two Harbors Investment Corp. COM 90187B101 1280 122230 SH SOLE 122230 Accenture Ltd. Bermuda COM g1151c101 695 12640 SH SOLE 12640 Advance Auto Parts COM 00751Y106 1127 17170 SH SOLE 17170 Anheuser-Busch InBev COM b5064a925 839 14690 SH SOLE 14690 Apple Computer COM 037833100 3673 10540 SH SOLE 10540 Baker Hughes Inc. COM 057224107 1165 15870 SH SOLE 15870 Banco Santander Brazil S.A COM 05967a107 423 34510 SH SOLE 34510 Bancorp Inc COM 05969a105 719 77863 SH SOLE 77863 Bank of Nova Scotia COM 064149107 285 4650 SH SOLE 4650 Cablevision Systems Corp. COM 12686c109 1644 47510 SH SOLE 47510 Cash America International, In COM 14754d100 545 11830 SH SOLE 11830 Coca Cola Co. COM 191216100 2253 33960 SH SOLE 33960 Crown Holdings Inc . COM 228368106 2142 55520 SH SOLE 55520 Dollar Tree Inc. COM 256746108 576 10370 SH SOLE 10370 Dow Chemical COM 260543103 288 7630 SH SOLE 7630 Halliburton Co. COM 406216101 1227 24620 SH SOLE 24620 IBM COM 459200101 1122 6880 SH SOLE 6880 Itau Unibanco Holding S.A. COM 465562106 629 26144 SH SOLE 26144 J.P. Morgan Chase COM 46625h100 825 17890 SH SOLE 17890 Kraft Foods COM 50075N104 567 18070 SH SOLE 18070 McCormick & Co. COM 579780206 596 12460 SH SOLE 12460 McDonald's Corp. COM 580135101 1384 18190 SH SOLE 18190 Nestle Spons ADR COM 641069406 2405 41795 SH SOLE 41795 Oracle COM 68389X105 1471 44000 SH SOLE 44000 Peabody Energy Corp. COM 704549104 289 4020 SH SOLE 4020 Philip Morris COM 718172109 933 14210 SH SOLE 14210 Resource America COM 761195205 176 27439 SH SOLE 27439 Royal Dutch Shell COM 780259206 588 8075 SH SOLE 8075 SPDR Gold Shares COM 78463v107 3947 28220 SH SOLE 28220 Schlumberger COM 806857108 583 6250 SH SOLE 6250 Time Warner Cable, Inc. COM 88732j207 1164 16310 SH SOLE 16310 Toronto Dominion Bank COM 891160509 288 3250 SH SOLE 3250 Webster Financial Corp. COM 947890109 671 31290 SH SOLE 31290 Wells Fargo COM 949746101 1077 33960 SH SOLE 33960 duPont COM 263534109 291 5300 SH SOLE 5300 iShr MSCI Emerg Mkts ET COM 464287234 563 11560 SH SOLE 11560 Resource America warrants rexiwarra 637 229412 SH SOLE 229412