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
CVR Partners COM 126633106 13,150 1,000 SH   SOLE 0 1,000 0 0
Capital Bank Fin COM 139794101 13,060 473 SH   SOLE 0 473 0 0
Caterpillar Inc. COM 149123101 1,238,304 15,473 SH   SOLE 0 15,473 0 0
Central Valley Comm Banc COM 155685100 10,979 1,000 SH   SOLE 0 1,000 0 0
Chevron Corp COM 166764100 2,025,169 19,291 SH   SOLE 0 19,291 0 0
Choiceone Financial COM 170386106 13,645 576 SH   SOLE 0 576 0 0
Citigroup Inc COM 172967226 271,734 372,238 SH   SOLE 0 372,238 0 0
Citigroup COM 172967226 2,150 2,945 SH   SOLE 0 2,945 0 0
Citizens Financial COM 174610105 385,356 15,970 SH   SOLE 0 15,970 0 0
Coca-Cola Company COM 191216100 686,065 16,919 SH   SOLE 0 16,919 0 0
Codorus Bancorp COM 192025104 721,536 35,544 SH   SOLE 0 35,544 0 0
DCB Financial COM 233075100 56,746 7,827 SH   SOLE 0 7,827 0 0
Daktronics COM 234264109 1,072,709 99,233 SH   SOLE 0 99,233 0 0
Walt Disney COM 254687106 1,678,914 16,006 SH   SOLE 0 16,006 0 0
Du Pont COM 263534109 1,187,474 16,615 SH   SOLE 0 16,615 0 0
Eastern Virginia Banks COM 277196101 886,569 141,624 SH   SOLE 0 141,624 0 0
Enterprise Products LP COM 293792107 1,241,066 37,688 SH   SOLE 0 37,688 0 0
F.N.B. Corporation COM 302520101 110,954 8,444 SH   SOLE 0 8,444 0 0
Federal Agricultural Mortgage COM 313148306 11,276 400 SH   SOLE 0 400 0 0
Freddie Mac PREF STK 313400640 575,943 147,300 SH   SOLE 0 147,300 0 0
Fifth Third Bancorp COM 316773100 122,054 6,475 SH   SOLE 0 6,475 0 0
First Bancorp COM 318910106 221,360 12,606 SH   SOLE 0 12,606 0 0
First Bancshares COM 318916103 901,253 55,431 SH   SOLE 0 55,431 0 0
First Commonwealth Financial COM 319829107 205,902 22,878 SH   SOLE 0 22,878 0 0
First Community COM 319835104 441,389 37,855 SH   SOLE 0 37,855 0 0
First Merchants COM 320817109 454,793 19,320 SH   SOLE 0 19,320 0 0
Ford Motor COM 345370860 77,483 4,801 SH   SOLE 0 4,801 0 0
FreightCar America COM 357023100 1,232,339 39,209 SH   SOLE 0 39,209 0 0
General Electric COM 369604103 839,638 33,843 SH   SOLE 0 33,843 0 0
Genesis Energy COM 371927104 4,711,374 100,242 SH   SOLE 0 100,242 0 0
HF Financial COM 404172108 594,212 40,231 SH   SOLE 0 40,231 0 0
Haverty Furniture Co COM 419596101 1,040,357 41,815 SH   SOLE 0 41,815 0 0
Hawaiian Holdings COM 419879101 255,204 11,587 SH   SOLE 0 11,587 0 0
Holly Energy LP COM 435763107 2,480,490 78,896 SH   SOLE 0 78,896 0 0
Home Depot COM 437076102 1,857,524 16,350 SH   SOLE 0 16,350 0 0
Honeywell COM 438516106 52,155 500 SH   SOLE 0 500 0 0
HopFed Bancorp COM 439734104 320,559 24,907 SH   SOLE 0 24,907 0 0
Independent Bank COM 453838609 667,826 52,052 SH   SOLE 0 52,052 0 0
Intel COM 458140100 588,783 18,829 SH   SOLE 0 18,829 0 0
IBM COM 459200101 2,508,776 15,631 SH   SOLE 0 15,631 0 0
International Paper COM 460146103 20,254 365 SH   SOLE 0 365 0 0
iShares TIPS COM 464287176 185,603 1,634 SH   SOLE 0 1,634 0 0
iShares MSCI Emerging COM 464287234 305,590 7,615 SH   SOLE 0 7,615 0 0
iShares Financial COM 464287788 425,125 4,774 SH   SOLE 0 4,774 0 0
Johnson & Johnson COM 478160104 1,855,466 18,444 SH   SOLE 0 18,444 0 0
Kaiser Aluminum COM 483007704 1,354,494 17,616 SH   SOLE 0 17,616 0 0
MDC Holdings COM 552676108 911,060 31,967 SH   SOLE 0 31,967 0 0
Magellan Midstream LP COM 559080106 8,994,938 117,259 SH   SOLE 0 117,259 0 0
MarkWest Energy LP COM 570759100 6,181,804 93,522 SH   SOLE 0 93,522 0 0
Martin Midstream LP COM 573331105 2,329,542 65,732 SH   SOLE 0 65,732 0 0
Masonite Int COM 575385109 1,044,010 15,522 SH   SOLE 0 15,522 0 0
McDermott Int COM 580037109 531,506 138,413 SH   SOLE 0 138,413 0 0
McDonald's COM 580135101 1,680,937 17,251 SH   SOLE 0 17,251 0 0
Mercantile Bank COM 587376104 1,513,858 77,435 SH   SOLE 0 77,435 0 0
Microsoft Corporation COM 594918104 739,632 18,193 SH   SOLE 0 18,193 0 0
MidWest One Financial COM 598511103 250,792 8,699 SH   SOLE 0 8,699 0 0
Nike Inc. COM 654106103 1,547,891 15,428 SH   SOLE 0 15,428 0 0
OM Group COM 670872100 1,238,417 41,239 SH   SOLE 0 41,239 0 0
Old National Bancorp COM 680033107 1,121,924 79,064 SH   SOLE 0 79,064 0 0
Olin Corp COM 680665205 1,680,267 52,443 SH   SOLE 0 52,443 0 0
ONEOK COM 682680103 6,131,057 127,095 SH   SOLE 0 127,095 0 0
Peoples Bancorp COM 710577107 713,699 38,641 SH   SOLE 0 38,641 0 0
PetroQuest CONV PREF 716748207 1,405,236 62,562 SH   SOLE 0 62,562 0 0
Pfizer COM 717081103 795,995 22,880 SH   SOLE 0 22,880 0 0
Pioneer Energy Services COM 723664108 5,691 1,050 SH   SOLE 0 1,050 0 0
Plains All American LP COM 726503105 1,005,784 20,623 SH   SOLE 0 20,623 0 0
Procter & Gamble COM 742718109 1,431,410 17,469 SH   SOLE 0 17,469 0 0
RAIT Financial COM 749227104 307,328 44,800 SH   SOLE 0 44,800 0 0
Rice Midstream LP COM 762819100 977,837 69,301 SH   SOLE 0 69,301 0 0
Rofin-Sinar Tech COM 775043102 815,824 33,670 SH   SOLE 0 33,670 0 0
Rose Rock LP COM 777149105 3,611,313 76,028 SH   SOLE 0 76,028 0 0
Shell Midstream LP COM 822634101 3,373,851 86,509 SH   SOLE 0 86,509 0 0
Southeastern Bank Fin COM 841584105 563,584 20,146 SH   SOLE 0 20,146 0 0
Southern First Banc COM 842873101 1,191,785 70,105 SH   SOLE 0 70,105 0 0
Southwest Bancorp COM 844767103 12,453 700 SH   SOLE 0 700 0 0
Southwestern Energy COM 845467109 11,131 480 SH   SOLE 0 480 0 0
Spartan Motors COM 846819100 933,014 192,374 SH   SOLE 0 192,374 0 0
SunPower Corp COM 867652406 7,389 236 SH   SOLE 0 236 0 0
SunTrust Banks COM 867914103 390,379 9,501 SH   SOLE 0 9,501 0 0
Superior Industries COM 868168105 1,010,364 53,374 SH   SOLE 0 53,374 0 0
SUPERVALU COM 868536103 30,238 2,600 SH   SOLE 0 2,600 0 0
Susquehanna Banc COM 869099101 29,477 2,150 SH   SOLE 0 2,150 0 0
Timberland Bancorp COM 887098101 402,446 37,350 SH   SOLE 0 37,350 0 0
Toll Brothers COM 889478103 3,934 100 SH   SOLE 0 100 0 0
Treasure Island Trust COM 894626209 480 15,000 SH   SOLE 0 15,000 0 0
Umpqua Holdings COM 904214103 18,898 1,100 SH   SOLE 0 1,100 0 0
Unisys COM 909214306 1,018,107 43,865 SH   SOLE 0 43,865 0 0
Unit Corp COM 909218109 196,839 7,035 SH   SOLE 0 7,035 0 0
United Bancshares COM 909458101 470,957 31,025 SH   SOLE 0 31,025 0 0
United Technologies COM 913017109 1,823,984 15,563 SH   SOLE 0 15,563 0 0
Wal-Mart Stores COM 931142103 1,402,774 17,055 SH   SOLE 0 17,055 0 0
Webco Industries COM 947621207 5,950 100 SH   SOLE 0 100 0 0
Western Gas LP COM 958254104 434,610 6,600 SH   SOLE 0 6,600 0 0
Whiting Petroleum COM 966387102 10,815 350 SH   SOLE 0 350 0 0
Williams Companies COM 969457100 13,604,842 268,924 SH   SOLE 0 268,924 0 0
Yadkin Financial COM 984305102 496,558 24,461 SH   SOLE 0 24,461 0 0
Zions Bancorp COM 989701107 389,232 14,416 SH   SOLE 0 14,416 0 0
AK Steel CONV BOND 001546ap5 2,657,035 2,390,000 SH   SOLE 0 2,390,000 0 0
American Airlines Group Inc COM 001765106 130,449 11,453 SH   SOLE 0 11,453 0 0
A T & T COM 00206r102 210,233 6,439 SH   SOLE 0 6,439 0 0
A E S CONV PREF 00808n202 20,931 410 SH   SOLE 0 410 0 0
Alaska Comm COM 01167p101 13,104 7,800 SH   SOLE 0 7,800 0 0
Alaska Comm CONV BOND 01167pae1 4,302,506 4,410,000 SH   SOLE 0 4,410,000 0 0
Alliance Holdings GP COM 01861g100 6,620,714 128,085 SH   SOLE 0 128,085 0 0
Alliance One Int COM 018772103 2,200 2,000 SH   SOLE 0 2,000 0 0
Alliance Resource LP COM 01877r108 158,793 4,750 SH   SOLE 0 4,750 0 0
American Airlines Gr COM 02376R102 1,492,091 28,270 SH   SOLE 0 28,270 0 0
American Express COM 025816109 1,211,954 15,514 SH   SOLE 0 15,514 0 0
AmeriServ COM 03074a102 560,685 188,149 SH   SOLE 0 188,149 0 0
Anadarko Petroleum COM 032511107 12,836 155 SH   SOLE 0 155 0 0
Apache Corp COM 037411105 10,558 175 SH   SOLE 0 175 0 0
Apollo Investment CONV BOND 03761UAE6 261,523 255,000 SH   SOLE 0 255,000 0 0
Apple COM 037833100 2,145,520 17,243 SH   SOLE 0 17,243 0 0
Arcbest COM 03937c105 1,028,213 27,137 SH   SOLE 0 27,137 0 0
Astoria Financial COM 046265104 429,811 33,190 SH   SOLE 0 33,190 0 0
Atlas Energy Group COM 04929q102 496,113 82,548 SH   SOLE 0 82,548 0 0
BB&T Corp COM 054937107 35,091 900 SH   SOLE 0 900 0 0
BNC Bancorp COM 05566t101 624,341 34,494 SH   SOLE 0 34,494 0 0
Banc of California COM 05990k106 1,995,207 162,080 SH   SOLE 0 162,080 0 0
Bank of America COM 060505104 317,096 20,604 SH   SOLE 0 20,604 0 0
Bank of America COM 060505153 96,525 185,625 SH   SOLE 0 185,625 0 0
Bank of America CONV PREF 060505682 33,553 29 SH   SOLE 0 29 0 0
Banner Corp COM 06652v208 9,193 200 SH   SOLE 0 200 0 0
Baylake Corp COM 072788102 571,889 45,173 SH   SOLE 0 45,173 0 0
Berkshire Hills Bancorp COM 084680107 153,569 5,544 SH   SOLE 0 5,544 0 0
Blucora Inc CONV BOND 095229AB6 1,623,246 1,740,000 SH   SOLE 0 1,740,000 0 0
Boeing COM 097023105 2,446,004 16,298 SH   SOLE 0 16,298 0 0
Broadsoft Inc CONV BOND 11133BAB8 2,487,116 2,340,000 SH   SOLE 0 2,340,000 0 0
Cal Dive Int COM 12802t101 1,104 40,000 SH   SOLE 0 40,000 0 0
Cal Dive Int CONV BOND 12802TAB7 455,000 4,550,000 SH   SOLE 0 4,550,000 0 0
CenterState Banks COM 15201p109 354,028 29,725 SH   SOLE 0 29,725 0 0
Centrus Energy Corp COM 15643u104 224,431 43,920 SH   SOLE 0 43,920 0 0
Centrus Energy CONV BOND 15643uaa2 505,395 1,263,487 SH   SOLE 0 1,263,487 0 0
Cenveo COM 15670s105 120,589 56,350 SH   SOLE 0 56,350 0 0
Cenveo Corp CONV BOND 15671BAG6 1,847,000 1,847,000 SH   SOLE 0 1,847,000 0 0
Cenveo Corp CONV BOND 15671BAJ0 837,720 895,000 SH   SOLE 0 895,000 0 0
Cisco Systems COM 17275r102 445,795 16,196 SH   SOLE 0 16,196 0 0
DCP Midstream Partners COM 23311p100 2,113,651 57,203 SH   SOLE 0 57,203 0 0
DR Horton COM 23331a109 4,272 150 SH   SOLE 0 150 0 0
Dendreon CONV BOND 24823qac1 2,258,906 3,050,000 SH   SOLE 0 3,050,000 0 0
Doral Financial PREF STK 25811p209 450 1,500 SH   SOLE 0 1,500 0 0
Doral Financial PREF STK 25811p407 140 1,000 SH   SOLE 0 1,000 0 0
Doral Financial COM 25811p886 160 2,000 SH   SOLE 0 2,000 0 0
EOG Resources COM 26875p101 11,920 130 SH   SOLE 0 130 0 0
Eagle Rock Energy Partners COM 26985r104 28,139 12,077 SH   SOLE 0 12,077 0 0
Emerge Energy Services COM 29102H108 4,297,158 90,600 SH   SOLE 0 90,600 0 0
Energy Transfer Partners COM 29273R109 598,421 10,734 SH   SOLE 0 10,734 0 0
Energy Transfer Equity COM 29273v100 421,724 6,656 SH   SOLE 0 6,656 0 0
Energy XXI CONV PREF 29274u309 193,361 4,500 SH   SOLE 0 4,500 0 0
EnLink Midstream LLC COM 29336t100 1,733,246 53,265 SH   SOLE 0 53,265 0 0
EnLink Midstream LP COM 29336u107 5,386,541 217,726 SH   SOLE 0 217,726 0 0
Exterran Partners COM 30225n105 2,059,788 82,656 SH   SOLE 0 82,656 0 0
Exxon Mobil COM 30231g102 1,760,860 20,716 SH   SOLE 0 20,716 0 0
1st Constitution Banc COM 31986n102 112,710 9,896 SH   SOLE 0 9,896 0 0
First Niagara Financial COM 33582v108 1,591 180 SH   SOLE 0 180 0 0
Genco Shipping CONV BOND 36869maa3 1,953,563 2,070,000 SH   SOLE 0 2,070,000 0 0
General Cable CONV BOND 369300al2 1,968,599 2,480,000 SH   SOLE 0 2,480,000 0 0
Goldman Sachs COM 38141g104 2,915,979 15,513 SH   SOLE 0 15,513 0 0
Gulf Coast Royalty Trust COM 40222t104 77,252 108,500 SH   SOLE 0 108,500 0 0
HMN Financial COM 40424g108 565,796 46,760 SH   SOLE 0 46,760 0 0
Hawaiian Holdings CONV BOND 419879ad3 424,965 150,000 SH   SOLE 0 150,000 0 0
Iridium Communications COM 46269c102 887,300 91,380 SH   SOLE 0 91,380 0 0
JPMorgan Chase COM 46625h100 1,202,150 19,844 SH   SOLE 0 19,844 0 0
JP Morgan Chase COM 46634e114 4,402 200 SH   SOLE 0 200 0 0
Jefferies Group CONV BOND 472319ag7 1,443,856 1,422,000 SH   SOLE 0 1,422,000 0 0
KB HOME CONV BOND 48666KAS8 2,389,269 2,505,000 SH   SOLE 0 2,505,000 0 0
Kinder Morgan COM 49456b101 7,479,398 177,827 SH   SOLE 0 177,827 0 0
Kinder Morgan COM 49456b119 136,530 33,300 SH   SOLE 0 33,300 0 0
MainSource Financial COM 56062y102 393,524 20,037 SH   SOLE 0 20,037 0 0
Merck COM 58933y105 1,112,640 19,357 SH   SOLE 0 19,357 0 0
Meritage Homes COM 59001a102 4,864 100 SH   SOLE 0 100 0 0
MutualFirst Financial COM 62845b104 739,359 32,076 SH   SOLE 0 32,076 0 0
NGL Energy LP COM 62913M107 10,527,598 401,357 SH   SOLE 0 401,357 0 0
Navistar Intl CONV BOND 63934eaq1 1,994,760 2,235,000 SH   SOLE 0 2,235,000 0 0
NewBridge Bancorp COM 65080t102 613,277 68,753 SH   SOLE 0 68,753 0 0
Omnicare CONV PREF 68214q200 2,604,922 27,377 SH   SOLE 0 27,377 0 0
ONEOK LP COM 68268N103 49,008 1,200 SH   SOLE 0 1,200 0 0
Pacific Premier Bancorp COM 69478x105 314,086 19,400 SH   SOLE 0 19,400 0 0
Peoples Financial COM 71103b102 492,232 48,258 SH   SOLE 0 48,258 0 0
Plains GP Holdings COM 72651a108 4,261,401 150,208 SH   SOLE 0 150,208 0 0
Premier Financial COM 74050m105 878,983 57,714 SH   SOLE 0 57,714 0 0
Prospect Capital CONV BOND 74348TAK8 2,362,346 2,324,000 SH   SOLE 0 2,324,000 0 0
QCR Holdings COM 74727a104 2,210,718 123,850 SH   SOLE 0 123,850 0 0
QEP Resources COM 74733v100 565,452 27,120 SH   SOLE 0 27,120 0 0
QEP Midstream LP COM 74735r115 2,573,292 164,113 SH   SOLE 0 164,113 0 0
RAIT Financial CONV BOND 749227aa2 3,935,969 3,325,000 SH   SOLE 0 3,325,000 0 0
RAIT Financial CONV BOND 749227AB0 719,872 845,000 SH   SOLE 0 845,000 0 0
Regency Energy LP COM 75885y107 80,571 3,523 SH   SOLE 0 3,523 0 0
Rent-A-Center COM 76009n100 908,264 33,100 SH   SOLE 0 33,100 0 0
SB Financial COM 78408d105 1,412,558 133,892 SH   SOLE 0 133,892 0 0
SPDR S&P 600 COM 78464a300 552,960 5,162 SH   SOLE 0 5,162 0 0
SPDR DJIA COM 78467x109 7,877,752 44,362 SH   SOLE 0 44,362 0 0
SPDR S&P 400 COM 78467y107 403,107 1,454 SH   SOLE 0 1,454 0 0
SandRidge Energy COM 80007p307 48,060 27,000 SH   SOLE 0 27,000 0 0
Sandridge Energy CONV PREF 80007p604 1,461,478 36,310 SH   SOLE 0 36,310 0 0
Southcross Energy LP COM 84130c100 28,588 2,042 SH   SOLE 0 2,042 0 0
Stillwater Mining CONV BOND 86074qaf9 1,208,200 1,726,000 SH   SOLE 0 1,726,000 0 0
Summit Financial COM 86606g101 1,068,321 89,400 SH   SOLE 0 89,400 0 0
Targa Resources LP COM 87611x105 3,053,151 73,819 SH   SOLE 0 73,819 0 0
Targa Resources Corp COM 87612g101 1,637,129 17,091 SH   SOLE 0 17,091 0 0
3M Co COM 88579y101 2,602,002 15,774 SH   SOLE 0 15,774 0 0
Titan Machinery CONV BOND 88830RAB7 2,006,443 2,902,000 SH   SOLE 0 2,902,000 0 0
Transmontaigne LP COM 89376v100 334,672 10,371 SH   SOLE 0 10,371 0 0
Travelers Co COM 89417e109 1,684,125 15,575 SH   SOLE 0 15,575 0 0
United Community Banks COM 90984p303 404,221 21,410 SH   SOLE 0 21,410 0 0
UnitedHealth Group COM 91324p102 1,851,239 15,650 SH   SOLE 0 15,650 0 0
Verizon COM 92343v104 990,399 20,366 SH   SOLE 0 20,366 0 0
Visa COM 92826c839 1,007,183 15,398 SH   SOLE 0 15,398 0 0
Williams Partners COM 96950f104 64,429 1,309 SH   SOLE 0 1,309 0 0
WPX Energy COM 98212b103 50,602 4,630 SH   SOLE 0 4,630 0 0
Xerium Technologies COM 98416j118 449,302 27,700 SH   SOLE 0 27,700 0 0
Aircastle COM g0129k104 3,372,683 150,164 SH   SOLE 0 150,164 0 0
Energy XXI COM g10082140 49,504 13,600 SH   SOLE 0 13,600 0 0
Bunge CONV PREF g16962204 2,713,552 25,967 SH   SOLE 0 25,967 0 0
C & J Energy Services COM g3164q101 492,135 44,217 SH   SOLE 0 44,217 0 0
Genco Shipping COM y2685T115 967,771 111,238 SH   SOLE 0 111,238 0 0
Genco Shipping COM y2685t123 105 155 SH   SOLE 0 155 0 0
Navios Maritime COM y62196103 5,016 1,200 SH   SOLE 0 1,200 0 0
Navios Maritime LP COM y62267102 3,038,079 272,718 SH   SOLE 0 272,718 0 0
Teekay LNG Partners COM y8564m105 3,875,959 103,774 SH   SOLE 0 103,774 0 0
Teekay Inc COM y8564w103 3,445,714 73,990 SH   SOLE 0 73,990 0 0
Teekay Offshore LP COM y8565j101 103,291 4,893 SH   SOLE 0 4,893 0 0
Teekay Tankers COM y8565n102 57,400 10,000 SH   SOLE 0 10,000 0 0