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
ABBOTT LABS COM 002824100 1,364 30,300 SH   OTR 1 0 30,300 0
ABBVIE INC COM 00287Y109 1,983 30,300 SH   OTR 1 0 30,300 0
AIR PRODS & CHEMS INC COM 009158106 1,298 9,000 SH   OTR 1 0 9,000 0
ALCENTRA CAP CORP COM 01374T102 13,784 1,102,759 SH   DFND 1 1,102,759 0 0
ALTRIA GROUP INC COM 02209S103 2,986 60,600 SH   OTR 1 0 60,600 0
ANHEUSER BUSCH INBEV SA/NV SPONSORED ADR 03524A108 921 8,200 SH   OTR 1 0 8,200 0
APPLE INC COM 037833100 1,854 16,800 SH   OTR 1 0 16,800 0
AUTOMATIC DATA PROCESSING IN COM 053015103 1,471 17,650 SH   OTR 1 0 17,650 0
BANK AMER CORP 7.25%CNV PFD L 060505682 291 250 SH   DFND 1 250 0 0
BARCLAYS BANK PLC ADS7.75%PFD S4 06739H511 13,484 520,000 SH   DFND 2 520,000 0 0
BLACKROCK INC COM 09247X101 1,609 4,500 SH   OTR 1 0 4,500 0
CIT GROUP INC COM NEW 125581801 44 927 SH   DFND   927 0 0
CIT GROUP INC COM NEW 125581801 292 6,099 SH   DFND   6,099 0 0
CALIFORNIA RES CORP COM 13057Q107 36 6,550 SH   OTR 1 0 6,550 0
CANADIAN PAC RY LTD COM 13645T100 1,137 5,900 SH   OTR 1 0 5,900 0
CAPITALA FIN CORP COM 14054R106 3,851 215,476 SH   SOLE   215,476 0 0
CATERPILLAR INC DEL COM 149123101 1,432 15,650 SH   OTR 1 0 15,650 0
CHEVRON CORP NEW COM 166764100 3,680 32,800 SH   OTR 1 0 32,800 0
COCA COLA CO COM 191216100 3,378 80,000 SH   OTR 1 0 80,000 0
COMCAST CORP NEW CL A 20030N101 1,024 17,650 SH   OTR 1 0 17,650 0
CONOCOPHILLIPS COM 20825C104 1,916 27,750 SH   OTR 1 0 27,750 0
DIAGEO P L C SPON ADR NEW 25243Q205 867 7,600 SH   OTR 1 0 7,600 0
DISNEY WALT CO COM DISNEY 254687106 1,083 11,500 SH   OTR 1 0 11,500 0
ENTERPRISE PRODS PARTNERS L COM 293792107 2,736 75,750 SH   OTR 1 0 75,750 0
EXXON MOBIL CORP COM 30231G102 5,136 55,550 SH   OTR 1 0 55,550 0
FIFTH STR SR FLOATNG RATE CO COM 31679F101 3,986 390,000 SH   SOLE   390,000 0 0
FREEPORT-MCMORAN INC CL B 35671D857 701 30,000 SH   OTR 1 0 30,000 0
GILEAD SCIENCES INC COM 375558103 801 8,500 SH   OTR 1 0 8,500 0
INTEL CORP COM 458140100 1,161 32,000 SH   OTR 1 0 32,000 0
INTERNATIONAL BUSINESS MACHS COM 459200101 1,861 11,600 SH   OTR 1 0 11,600 0
ISHARES TR CORE S&P500 ETF 464287200 53,372 258,000 SH   DFND 1 258,000 0 0
ISHARES TR IBOXX INV CP ETF 464287242 5,373 45,000 SH   DFND   45,000 0 0
ISHARES TR IBOXX INV CP ETF 464287242 3,582 30,000 SH   DFND 2 30,000 0 0
ISHARES TR MSCI EAFE ETF 464287465 14,845 244,000 SH   DFND 1 244,000 0 0
JPMORGAN CHASE & CO COM 46625H100 2,021 32,300 SH   OTR 1 0 32,300 0
JOHNSON & JOHNSON COM 478160104 2,091 20,000 SH   OTR 1 0 20,000 0
KRAFT FOODS GROUP INC COM 50076Q106 835 13,333 SH   OTR 1 0 13,333 0
LAUDER ESTEE COS INC CL A 518439104 823 10,800 SH   OTR 1 0 10,800 0
MCDONALDS CORP COM 580135101 1,218 13,000 SH   OTR 1 0 13,000 0
MERCK & CO INC NEW COM 58933Y105 1,002 17,650 SH   OTR 1 0 17,650 0
MONDELEZ INTL INC CL A 609207105 817 22,500 SH   OTR 1 0 22,500 0
NRG ENERGY INC COM NEW 629377508 3 118 SH   DFND   118 0 0
NOVARTIS A G SPONSORED ADR 66987V109 1,325 14,300 SH   OTR 1 0 14,300 0
OCCIDENTAL PETE CORP DEL COM 674599105 1,322 16,400 SH   OTR 1 0 16,400 0
PEPSICO INC COM 713448108 2,147 22,700 SH   OTR 1 0 22,700 0
PHILIP MORRIS INTL INC COM 718172109 4,936 60,600 SH   OTR 1 0 60,600 0
PHILLIPS 66 COM 718546104 896 12,500 SH   OTR 1 0 12,500 0
PHYSICIANS RLTY TR COM 71943U104 4,599 277,024 SH   DFND 1 277,024 0 0
PHYSICIANS RLTY TR COM 71943U104 3,753 226,096 SH   DFND 2 226,096 0 0
PLAINS ALL AMERN PIPELINE L UNIT LTD PARTN 726503105 3,369 65,650 SH   OTR 1 0 65,650 0
POWERSHARES ETF TRUST II SENIOR LN PORT 73936Q769 14,418 600,000 SH   DFND 2 600,000 0 0
PRAXAIR INC COM 74005P104 1,425 11,000 SH   OTR 1 0 11,000 0
PROCTER & GAMBLE CO COM 742718109 2,778 30,500 SH   OTR 1 0 30,500 0
RESOLUTE FST PRODS INC COM 76117W109 78 4,425 SH   DFND 2 4,425 0 0
TARGET CORP COM 87612E106 1,609 21,200 SH   OTR 1 0 21,200 0
TEXAS INSTRS INC COM 882508104 1,871 35,000 SH   OTR 1 0 35,000 0
TIME WARNER CABLE INC COM 88732J207 1,072 7,050 SH   OTR 1 0 7,050 0
UNION PAC CORP COM 907818108 1,191 10,000 SH   OTR 1 0 10,000 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 5,083 127,000 SH   DFND 1 127,000 0 0
VANGUARD INDEX FDS S&P 500 ETF SHS 922908363 35,796 190,000 SH   DFND 1 190,000 0 0
VANGUARD INDEX FDS TOTAL STK MKT 922908769 70,266 662,891 SH   DFND 1 662,891 0 0
WAL-MART STORES INC COM 931142103 1,864 21,700 SH   OTR 1 0 21,700 0
WALGREENS BOOTS ALLIANCE INC COM 931427108 1,924 25,250 SH   OTR 1 0 25,250 0
WELLS FARGO & CO NEW COM 949746101 822 15,000 SH   OTR 1 0 15,000 0
WILLIAMS PARTNERS L P COM UNIT L P 96950F104 1,468 32,800 SH   OTR 1 0 32,800 0
NORWEGIAN CRUISE LINE HLDGS SHS G66721104 155 3,321 SH   DFND 2 3,321 0 0