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
AK Steel COM 001547108 7,230 3,000 SH   SOLE 0 3,000 0 0
Alliance One COM 018772103 4,076 200 SH   SOLE 0 200 0 0
American Express COM 025816109 1,139,304 15,369 SH   SOLE 0 15,369 0 0
American Int. Group COM 026874156 182 8 SH   SOLE 0 8 0 0
Apple COM 037833100 1,945,446 17,638 SH   SOLE 0 17,638 0 0
Astoria Financial COM 046265104 534,359 33,190 SH   SOLE 0 33,190 0 0
BB&T Corporation COM 054937107 51,371 1,443 SH   SOLE 0 1,443 0 0
Bank of America COM 060505104 414,490 26,604 SH   SOLE 0 26,604 0 0
Bank of America COM 060505153 60,375 215,625 SH   SOLE 0 215,625 0 0
Bank of America CONV PREF 060505682 31,233 29 SH   SOLE 0 29 0 0
Barnes & Noble COM 067774109 763,015 63,007 SH   SOLE 0 63,007 0 0
Baylake Corp COM 072788102 639,225 45,175 SH   SOLE 0 45,175 0 0
Berkshire Hills Bancorp COM 084680107 163,698 5,944 SH   SOLE 0 5,944 0 0
Boeing COM 097023105 2,128,330 16,253 SH   SOLE 0 16,253 0 0
CVR Partners COM 126633106 9,350 1,000 SH   SOLE 0 1,000 0 0
Capital Bank Financial COM 139794101 14,299 473 SH   SOLE 0 473 0 0
Caterpillar Inc COM 149123101 1,007,328 15,412 SH   SOLE 0 15,412 0 0
Central Valley Community COM 155685100 106,843 8,830 SH   SOLE 0 8,830 0 0
Chevron COM 166764100 1,448,316 18,361 SH   SOLE 0 18,361 0 0
Choiceone Financial COM 170386106 13,248 576 SH   SOLE 0 576 0 0
Citigroup COM 172967226 224,104 487,183 SH   SOLE 0 487,183 0 0
Citigroup COM 172967424 96,095 1,937 SH   SOLE 0 1,937 0 0
Citizens Financial Group COM 174610105 394,811 16,547 SH   SOLE 0 16,547 0 0
Civista Bancshares COM 178867107 331,980 32,772 SH   SOLE 0 32,772 0 0
Coca-Cola COM 191216100 676,343 16,858 SH   SOLE 0 16,858 0 0
Codorus Bancorp Inc COM 192025104 732,068 36,045 SH   SOLE 0 36,045 0 0
DCB Financial COM 233075100 52,637 7,827 SH   SOLE 0 7,827 0 0
Daktronics COM 234264109 872,471 100,631 SH   SOLE 0 100,631 0 0
Disney COM 254687106 1,634,847 15,997 SH   SOLE 0 15,997 0 0
du Pont COM 263534109 797,903 16,554 SH   SOLE 0 16,554 0 0
Eastern Virginia Banks COM 277196101 991,815 146,936 SH   SOLE 0 146,936 0 0
Enterprise Products COM 293792107 3,076,818 123,567 SH   SOLE 0 123,567 0 0
EZCORP Inc COM 302301106 19,497 3,160 SH   SOLE 0 3,160 0 0
F.N.B. Corporation COM 302520101 109,350 8,444 SH   SOLE 0 8,444 0 0
Federal Agricultural Mortgage COM 313148306 10,372 400 SH   SOLE 0 400 0 0
Freddie Mac PREF STK 313400640 592,146 147,300 SH   SOLE 0 147,300 0 0
Fifth Third Bancorp COM 316773100 122,442 6,475 SH   SOLE 0 6,475 0 0
First Bancorp COM 318910106 214,317 12,607 SH   SOLE 0 12,607 0 0
First Bancshares COM 318916103 973,708 55,736 SH   SOLE 0 55,736 0 0
First Commonwealth COM 319829107 207,961 22,878 SH   SOLE 0 22,878 0 0
First Community COM 319835104 768,860 62,105 SH   SOLE 0 62,105 0 0
First Merchants COM 320817109 506,570 19,320 SH   SOLE 0 19,320 0 0
Ford COM 345370860 76,134 5,610 SH   SOLE 0 5,610 0 0
FreightCar America COM 357023100 750,390 43,729 SH   SOLE 0 43,729 0 0
General Electric COM 369604103 852,119 33,787 SH   SOLE 0 33,787 0 0
Genesis Energy COM 371927104 3,810,651 99,391 SH   SOLE 0 99,391 0 0
HF Financial COM 404172108 654,776 40,351 SH   SOLE 0 40,351 0 0
Haverty Furniture COM 419596101 1,035,820 44,115 SH   SOLE 0 44,115 0 0
Hawaiian Holdings COM 419879101 197,119 7,987 SH   SOLE 0 7,987 0 0
Holly Energy Partners COM 435763107 2,295,141 79,061 SH   SOLE 0 79,061 0 0
Home Depot COM 437076102 1,871,515 16,205 SH   SOLE 0 16,205 0 0
HopFed Bancorp COM 439734104 297,654 24,908 SH   SOLE 0 24,908 0 0
Independent Bank COM 453838609 768,311 52,054 SH   SOLE 0 52,054 0 0
Intel COM 458140100 565,668 18,768 SH   SOLE 0 18,768 0 0
IBM COM 459200101 2,258,633 15,580 SH   SOLE 0 15,580 0 0
International Paper COM 460146103 13,793 365 SH   SOLE 0 365 0 0
iShares TIPS Bond COM 464287176 180,898 1,634 SH   SOLE 0 1,634 0 0
MSCI Emerging Markets Index COM 464287234 249,620 7,615 SH   SOLE 0 7,615 0 0
iShares DJ US Financial COM 464287788 401,541 4,774 SH   SOLE 0 4,774 0 0
Johnson & Johnson COM 478160104 1,717,827 18,402 SH   SOLE 0 18,402 0 0
Kaiser Aluminum COM 483007704 1,318,106 16,425 SH   SOLE 0 16,425 0 0
MDC Holdings COM 552676108 847,499 32,372 SH   SOLE 0 32,372 0 0
Magellan Midstream LP COM 559080106 5,982,388 99,524 SH   SOLE 0 99,524 0 0
MarkWest Energy COM 570759100 3,880,995 90,445 SH   SOLE 0 90,445 0 0
Martin Midstream LP COM 573331105 1,572,629 64,452 SH   SOLE 0 64,452 0 0
Masonite Int COM 575385109 953,953 15,747 SH   SOLE 0 15,747 0 0
McDermott COM 580037109 666,900 155,093 SH   SOLE 0 155,093 0 0
McDonald's COM 580135101 1,646,338 16,709 SH   SOLE 0 16,709 0 0
Mercantile Bank COM 587376104 1,685,615 81,117 SH   SOLE 0 81,117 0 0
Microsoft COM 594918104 804,556 18,178 SH   SOLE 0 18,178 0 0
MidWest One Financial COM 598511103 254,533 8,699 SH   SOLE 0 8,699 0 0
Newmont Mining COM 651639106 3 0 SH   SOLE 0 0 0 0
Nike COM 654106103 1,889,680 15,367 SH   SOLE 0 15,367 0 0
OM Group COM 670872100 128,863 3,918 SH   SOLE 0 3,918 0 0
Old National Bancorp COM 680033107 1,101,410 79,067 SH   SOLE 0 79,067 0 0
Olin Corp COM 680665205 904,909 53,832 SH   SOLE 0 53,832 0 0
ONEOK Inc COM 682680103 3,853,922 119,687 SH   SOLE 0 119,687 0 0
Peoples Bancorp of NC COM 710577107 677,968 38,741 SH   SOLE 0 38,741 0 0
PetroQuest CONV PREF 716748207 1,323,569 77,857 SH   SOLE 0 77,857 0 0
Pfizer COM 717081103 711,908 22,665 SH   SOLE 0 22,665 0 0
Plains All American Pipeline COM 726503105 533,868 17,573 SH   SOLE 0 17,573 0 0
Procter & Gamble COM 742718109 1,253,986 17,431 SH   SOLE 0 17,431 0 0
RAIT Financial Trust COM 749227609 242,048 48,800 SH   SOLE 0 48,800 0 0
Rice Midstream Partners COM 762819100 3,343,560 251,018 SH   SOLE 0 251,018 0 0
Rofin-Sinar Technologies COM 775043102 888,232 34,255 SH   SOLE 0 34,255 0 0
Rose Rock Midstream COM 777149105 2,238,249 91,958 SH   SOLE 0 91,958 0 0
SM Energy COM 792228108 16,180 505 SH   SOLE 0 505 0 0
Schwab Short-Term U.S. Treasury COM 808524862 35,228 693 SH   SOLE 0 693 0 0
Shell Midstream Partners COM 822634101 2,647,788 89,969 SH   SOLE 0 89,969 0 0
Southeastern Bank Financial COM 841584105 656,858 20,211 SH   SOLE 0 20,211 0 0
Southern First Bancshares COM 842873101 1,436,451 70,105 SH   SOLE 0 70,105 0 0
Southwest Bancorp COM 844767103 11,487 700 SH   SOLE 0 700 0 0
Southwestern Energy COM 845467109 15,291 1,205 SH   SOLE 0 1,205 0 0
Spartan Motors COM 846819100 824,757 199,699 SH   SOLE 0 199,699 0 0
SunPower COM 867652406 4,729 236 SH   SOLE 0 236 0 0
SunTrust Banks COM 867914103 363,321 9,501 SH   SOLE 0 9,501 0 0
Superior Industries COM 868168105 1,037,463 55,539 SH   SOLE 0 55,539 0 0
SUPERVALU COM 868536103 18,668 2,600 SH   SOLE 0 2,600 0 0
Timberland Bancorp COM 887098101 423,131 38,855 SH   SOLE 0 38,855 0 0
Toll Brothers COM 889478103 6,848 200 SH   SOLE 0 200 0 0
Umpqua Holdings COM 904214103 17,930 1,100 SH   SOLE 0 1,100 0 0
Unisys COM 909214306 547,936 46,045 SH   SOLE 0 46,045 0 0
United Bancshares COM 909458101 501,818 31,986 SH   SOLE 0 31,986 0 0
United Technologies COM 913017109 1,380,947 15,518 SH   SOLE 0 15,518 0 0
Wal-Mart COM 931142103 1,037,310 15,998 SH   SOLE 0 15,998 0 0
Western Gas Partners COM 958254104 309,012 6,600 SH   SOLE 0 6,600 0 0
Whiting Petroleum COM 966387102 2,291 150 SH   SOLE 0 150 0 0
Williams Companies COM 969457100 8,339,619 226,313 SH   SOLE 0 226,313 0 0
Yadkin Financial COM 984305102 521,369 24,261 SH   SOLE 0 24,261 0 0
Zions Bancorp COM 989701107 397,017 14,416 SH   SOLE 0 14,416 0 0
First Savings Financial Group COM 33621e109 10,880 320 SH   SOLE 0 320 0 0
Travelers COM 89417e109 1,544,108 15,514 SH   SOLE 0 15,514 0 0
JP Morgan COM 46634e114 3,982 200 SH   SOLE 0 200 0 0
AK Steel Corporation CONV BOND 001546ap5 1,827,569 2,590,000 SH   SOLE 0 2,590,000 0 0
A T & T COM 00206r102 214,474 6,583 SH   SOLE 0 6,583 0 0
A E S CONV PREF 00808n202 20,344 410 SH   SOLE 0 410 0 0
Alaska Communications COM 01167p101 1,287,063 587,700 SH   SOLE 0 587,700 0 0
Alaska Communications CONV BOND 01167pae1 4,415,513 4,410,000 SH   SOLE 0 4,410,000 0 0
Alliance Holding GP COM 01861g100 3,980,899 128,582 SH   SOLE 0 128,582 0 0
Alliance Resource LP COM 01877r108 105,735 4,750 SH   SOLE 0 4,750 0 0
American Airlines Group COM 02376R102 1,097,724 28,270 SH   SOLE 0 28,270 0 0
AmeriServ Financial COM 03074a102 609,613 188,152 SH   SOLE 0 188,152 0 0
Arcbest Corp COM 03937c105 778,438 30,207 SH   SOLE 0 30,207 0 0
Archrock Partners COM 03957u100 1,336,268 81,331 SH   SOLE 0 81,331 0 0
Atlas Air Worldwide Holdings CONV BOND 049164BH8 1,391,166 1,730,000 SH   SOLE 0 1,730,000 0 0
Atlas Energy Group COM 04929q102 161,946 72,621 SH   SOLE 0 72,621 0 0
BNC Bancorp COM 05566t101 26,676 1,200 SH   SOLE 0 1,200 0 0
Banc of California COM 05990k106 2,060,896 167,962 SH   SOLE 0 167,962 0 0
Banner Corp COM 06652v208 9,568 200 SH   SOLE 0 200 0 0
Blucora Inc CONV BOND 095229AB6 2,071,489 2,185,000 SH   SOLE 0 2,185,000 0 0
Broadsoft Inc CONV BOND 11133BAB8 2,358,236 2,300,000 SH   SOLE 0 2,300,000 0 0
Cal Dive International CONV BOND 12802TAB7 22,750 4,550,000 SH   SOLE 0 4,550,000 0 0
Centrus Energy COM 15643u104 2,861 938 SH   SOLE 0 938 0 0
Centrus Energy Corp CONV BOND 15643uaa2 384,124 1,280,415 SH   SOLE 0 1,280,415 0 0
Cenveo COM 15670s105 105,938 56,350 SH   SOLE 0 56,350 0 0
Cenveo Corp CONV BOND 15671BAG6 1,689,975 1,827,000 SH   SOLE 0 1,827,000 0 0
Cenveo Corp CONV BOND 15671BAJ0 806,785 890,000 SH   SOLE 0 890,000 0 0
Cisco Systems COM 17275r102 423,544 16,135 SH   SOLE 0 16,135 0 0
Communications Sales & Leasing COM 20341j104 585,688 32,720 SH   SOLE 0 32,720 0 0
DR Horton COM 23331a109 7,340 250 SH   SOLE 0 250 0 0
Doral Financial PREF STK 25811p209 180 1,500 SH   SOLE 0 1,500 0 0
Doral Financial PREF STK 25811p407 80 1,000 SH   SOLE 0 1,000 0 0
EOG Resources COM 26875p101 18,564 255 SH   SOLE 0 255 0 0
Emerge Energy COM 29102H108 598,630 88,424 SH   SOLE 0 88,424 0 0
Energy Transfer Partners COM 29273R109 249,952 6,086 SH   SOLE 0 6,086 0 0
Energy Transfer Equity COM 29273v100 277,023 13,312 SH   SOLE 0 13,312 0 0
Energy XXI CONV PREF 29274u309 67,500 4,500 SH   SOLE 0 4,500 0 0
EnLink Midstream LLC COM 29336t100 1,025,455 56,097 SH   SOLE 0 56,097 0 0
EnLink Partners LP COM 29336u107 3,767,050 239,026 SH   SOLE 0 239,026 0 0
EZCorp Inc CONV BOND 302301AB2 2,612,325 3,660,000 SH   SOLE 0 3,660,000 0 0
Exxon Mobil COM 30231g102 1,537,112 20,674 SH   SOLE 0 20,674 0 0
1st Constitution Bancorp. COM 31986n102 115,191 9,905 SH   SOLE 0 9,905 0 0
First Niagara Financial COM 33582v108 1,838 180 SH   SOLE 0 180 0 0
First Republic Bank COM 33616c100 4,268 68 SH   SOLE 0 68 0 0
General Cable Corp CONV BOND 369300al2 1,435,423 2,420,000 SH   SOLE 0 2,420,000 0 0
Goldman Sachs COM 38141g104 2,678,163 15,413 SH   SOLE 0 15,413 0 0
Gulf Coast Royalty COM 40222t104 31,465 108,500 SH   SOLE 0 108,500 0 0
HMN Financial COM 40424g108 549,718 47,760 SH   SOLE 0 47,760 0 0
Horsehead Holding CONV BOND 440694AB3 1,593,314 2,465,000 SH   SOLE 0 2,465,000 0 0
Iridium Communications COM 46269c102 672,687 109,380 SH   SOLE 0 109,380 0 0
Iridium Communications CONV PREF 46269c508 1,368,452 20,535 SH   SOLE 0 20,535 0 0
JPMorgan COM 46625h100 1,202,206 19,718 SH   SOLE 0 19,718 0 0
Jefferies Group CONV BOND 472319ag7 1,454,592 1,422,000 SH   SOLE 0 1,422,000 0 0
KB HOME CONV BOND 48666KAS8 2,284,381 2,460,000 SH   SOLE 0 2,460,000 0 0
Kimball Electronics COM 49428j109 1,125,953 94,380 SH   SOLE 0 94,380 0 0
Kinder Morgan COM 49456b101 4,750,157 171,610 SH   SOLE 0 171,610 0 0
Kinder Morgan COM 49456b119 61,769 67,140 SH   SOLE 0 67,140 0 0
MPLX LP COM 55336v100 27,702 725 SH   SOLE 0 725 0 0
MainSource Financial COM 56062y102 407,977 20,038 SH   SOLE 0 20,038 0 0
Merck COM 58933y105 953,029 19,296 SH   SOLE 0 19,296 0 0
Meritage Homes COM 59001a102 3,652 100 SH   SOLE 0 100 0 0
MutualFirst Financial COM 62845b104 750,610 32,077 SH   SOLE 0 32,077 0 0
NGL Energy Partners COM 62913M107 7,394,875 370,299 SH   SOLE 0 370,299 0 0
Navistar Intl CONV BOND 63934eaq1 1,796,667 2,455,000 SH   SOLE 0 2,455,000 0 0
NewBridge Bancorp COM 65080t102 586,463 68,753 SH   SOLE 0 68,753 0 0
Newmont Mining CONV BOND 651639AJ5 2,041,103 2,050,000 SH   SOLE 0 2,050,000 0 0
ONEOK Partners COM 68268N103 14,630 500 SH   SOLE 0 500 0 0
Pacific Premier Bancorp COM 69478x105 16,256 800 SH   SOLE 0 800 0 0
Park Sterling Corp COM 70086y105 1,115 164 SH   SOLE 0 164 0 0
Peoples Financial COM 71103b102 497,009 51,238 SH   SOLE 0 51,238 0 0
Plains GP Holdings COM 72651a108 2,691,885 153,822 SH   SOLE 0 153,822 0 0
Premier Financial Bancorp COM 74050m105 838,962 58,916 SH   SOLE 0 58,916 0 0
Prospect Capital Corp CONV BOND 74348TAK8 2,278,932 2,279,000 SH   SOLE 0 2,279,000 0 0
QCR Holdings COM 74727a104 2,753,746 125,914 SH   SOLE 0 125,914 0 0
QEP Resources COM 74733v100 333,549 26,620 SH   SOLE 0 26,620 0 0
Quidel Corp CONV BOND 74838JAA9 1,803,340 1,945,000 SH   SOLE 0 1,945,000 0 0
RAIT Financial CONV BOND 749227aa2 3,163,753 3,315,000 SH   SOLE 0 3,315,000 0 0
RAIT Financial CONV BOND 749227AB0 641,712 775,000 SH   SOLE 0 775,000 0 0
Rent-A-Center COM 76009n100 871,181 35,925 SH   SOLE 0 35,925 0 0
SB Financial COM 78408d105 1,421,404 138,403 SH   SOLE 0 138,403 0 0
SPDR S&P 600 Small Cap COM 78464a300 478,166 5,063 SH   SOLE 0 5,063 0 0
SPDR DJIA COM 78467x109 7,624,965 46,888 SH   SOLE 0 46,888 0 0
SandRidge Energy COM 80007p307 76,140 281,999 SH   SOLE 0 281,999 0 0
Sandridge Energy CONV PREF 80007p604 216,589 36,710 SH   SOLE 0 36,710 0 0
Summit Financial COM 86606g101 1,158,086 98,393 SH   SOLE 0 98,393 0 0
Targa Resources COM 87611x105 2,490,788 85,771 SH   SOLE 0 85,771 0 0
Targa Resources Corp COM 87612g101 836,469 16,236 SH   SOLE 0 16,236 0 0
Tesoro Logistics COM 88160T107 2,204,100 48,980 SH   SOLE 0 48,980 0 0
3M Co. COM 88579y101 2,230,190 15,731 SH   SOLE 0 15,731 0 0
Titan Machinery CONV BOND 88830RAB7 2,208,897 2,876,000 SH   SOLE 0 2,876,000 0 0
Transmontaigne Partners COM 89376v100 44,200 1,625 SH   SOLE 0 1,625 0 0
United Community Banks COM 90984p303 437,620 21,410 SH   SOLE 0 21,410 0 0
UnitedHealth Group COM 91324p102 1,821,937 15,705 SH   SOLE 0 15,705 0 0
Verizon Communications COM 92343v104 818,206 18,805 SH   SOLE 0 18,805 0 0
Visa COM 92826c839 1,068,375 15,337 SH   SOLE 0 15,337 0 0
Williams Partners COM 96950f104 33,835 1,060 SH   SOLE 0 1,060 0 0
Windstream Holdings COM 97382a101 142,473 23,204 SH   SOLE 0 23,204 0 0
WPX Energy COM 98212b103 30,648 4,630 SH   SOLE 0 4,630 0 0
Xerium Technologies COM 98416j118 463,392 35,700 SH   SOLE 0 35,700 0 0
Aircastle LTD COM g0129k104 1,535,363 74,496 SH   SOLE 0 74,496 0 0
Energy XXI COM g10082140 14,280 13,600 SH   SOLE 0 13,600 0 0
Bunge CONV PREF g16962204 2,499,862 25,475 SH   SOLE 0 25,475 0 0
C & J Energy Services COM g3164q101 184,314 52,362 SH   SOLE 0 52,362 0 0
Capital Product Partners COM mhy110821 21,560 3,500 SH   SOLE 0 3,500 0 0
Genco Shipping COM y2685t115 698,166 178,559 SH   SOLE 0 178,559 0 0
Genco Shipping COM y2685t123 884 2,155 SH   SOLE 0 2,155 0 0
Navios Maritime Holdings COM y62196103 637,938 256,200 SH   SOLE 0 256,200 0 0
Navios Maritime Partners COM y62267102 2,088,133 286,438 SH   SOLE 0 286,438 0 0
Teekay LNG Partners COM y8564m105 2,457,086 102,721 SH   SOLE 0 102,721 0 0
Teekay Inc COM y8564w103 3,120,796 105,290 SH   SOLE 0 105,290 0 0
Teekay Offshore Partners COM y8565j101 68,453 4,757 SH   SOLE 0 4,757 0 0
Teekay Tankers COM y8565n102 69,000 10,000 SH   SOLE 0 10,000 0 0
VTTI Energy Partners COM y9384m101 3,290,402 168,135 SH   SOLE 0 168,135 0 0
Ariad Pharmaceuticals COM 04033a100 5,840 1,000 SH   SOLE 0 1,000 0 0