Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
—	MFA FINANCIAL INC	7,500,000	$6.652M	8.3%	$0.89	$0.89	—	NOTE 6.250% 6/1	55272XAA0
—	NEW YORK MORTGAGE TRUST INC	2,335,962	$6.097M	7.6%	$2.61	$2.61	—	COM PAR $.02	649604501
AGNC	AGNC INVESTMENT CORP	470,196	$6.066M	7.6%	$12.90	$12.90	—	COM	00123Q104
—	GREAT AJAX CORP	625,920	$5.758M	7.2%	$9.20	$11.32	—	COM	38983D300
—	BRANDYWINEGLOBAL GLOBAL INCO	457,424	$5.279M	6.6%	$11.54	$11.48	—	COM	10537L104
—	HIGHLAND INCOME FUND	608,796	$4.901M	6.1%	$8.05	$10.44	—	HIGHLAND INCOME	43010E404
—	SAFEGUARD SCIENTIFICS INC	642,753	$4.499M	5.6%	$7.00	$10.46	—	COM NEW	786449207
—	WESTERN ASSET HI INC OPPORT	822,340	$3.799M	4.7%	$4.62	$4.54	—	COM	95766K109
—	MVC CAPITAL INC	503,444	$3.287M	4.1%	$6.53	$8.41	—	COM	553829102
MTG	MGIC INVESTMENT CORP	387,206	$3.171M	4.0%	$8.19 *	$12.00	-37.7%	COM	552848103
GBDC	GOLUB CAPITAL BDC INC	271,387	$3.162M	3.9%	$11.65 *	$6.44	0.0%	COM	38173M102
—	MMA CAPITAL HOLDINGS INC	128,419	$2.969M	3.7%	$23.12	$24.19	—	COM	55315D105
AGRO	ADECOAGRO SA	679,726	$2.95M	3.7%	$4.34 *	$6.44	-42.3%	COM	L00849106
—	CAPSTEAD MORTGAGE CORP	507,146	$2.784M	3.5%	$5.49	$5.38	—	COM NO PAR	14067E506
—	FS KKR CAPITAL CORP II	210,662	$2.715M	3.4%	$12.89	$12.89	—	COM	35952V303
BRK/A	BERKSHIRE HATHAWAY INC-CL A	8	$2.138M	2.7%	$267250.00 *	$313083.50	-12.5%	CL A	084670108
CCIF	VERTICAL CAPITAL INCOME	214,351	$2.075M	2.6%	$9.68	$9.68	—	SHS BEN INT	92535C104
—	WESTERN ASSET MTGE CAP	2,745,000	$1.945M	2.4%	$0.71	$0.71	—	NOTE 6.750%10/0	95790DAA3
—	CUSHING NEXTGEN INFRA INC	39,161	$1.199M	1.5%	$30.62	$30.62	—	COM	231647207
—	TREMONT MORTGAGE TRUST	268,595	$827K	1.0%	$3.08	$2.10	—	COM	894789106
—	HUNT COMPANIES FINANCE TRUST	309,271	$820K	1.0%	$2.65	$2.86	—	COM	44558T100
—	NICHOLAS FINANCIAL INC	94,503	$699K	0.9%	$7.40	$5.84	—	COM NEW	65373J209
XPHDX	PIONEER FLOATING RATE TRUST	53,835	$512K	0.6%	$9.51	$9.21	—	COM	72369J102
—	MFA FINANCIAL INC	193,891	$483K	0.6%	$2.49	$2.49	—	COM	55272X102
—	WATFORD HOLDINGS LTD	26,934	$450K	0.6%	$16.71	$16.71	—	SHS	G94787101
XNDPX	TORTOISE ENERGY INDEPENDENCE	37,698	$439K	0.5%	$11.65	$11.65	—	COM	89148K200
—	EATON VANCE SENIOR INCOME TR	79,687	$425K	0.5%	$5.33	$5.33	—	SH BEN INT	27826S103
—	OAKTREE SPECIALTY LENDING CO	81,566	$365K	0.5%	$4.47	$5.13	—	COM	67401P108
—	ANWORTH MORTGAGE ASSET CORP	211,745	$360K	0.4%	$1.70	$1.34	—	COM	037347101
CHMI	CHERRY HILL MORTGAGE INVESTM	36,904	$333K	0.4%	$9.02	$11.00	—	COM	164651101
DX	DYNEX CAPITAL INC	22,833	$327K	0.4%	$14.32	$14.32	—	COM	26817Q886
—	SALIENT MIDSTREAM & MLP FUND	74,165	$306K	0.4%	$4.13	$7.39	—	SH BEN INT	79471V105
—	WESTERN ASSET GLOBAL HIGH IN	28,709	$266K	0.3%	$9.27	$7.48	—	COM	95766B109
—	THIRD POINT REINSURANCE LTD	34,500	$259K	0.3%	$7.51	$7.51	—	COM	G8827U100
EFC	ELLINGTON FINANCIAL INC	20,281	$239K	0.3%	$11.78	$5.72	—	COM	28852N109
—	GARRISON CAPITAL INC	70,513	$238K	0.3%	$3.38	$5.82	—	COM	366554103
—	WESTERN ASSET CORPORATE LOAN	27,589	$236K	0.3%	$8.55	$7.49	—	COM	95790J102
C	CITIGROUP INC	4,500	$230K	0.3%	$51.11 *	$38.68	0.0%	COM NEW	172967424
—	STERLING BANCORP INC/MI	59,028	$211K	0.3%	$3.57	$3.98	—	COM	85917W102
CUK	CARNIVAL PLC-ADR	11,500	$145K	0.2%	$12.61	$12.61	—	ADR	14365C103
EARN	ELLINGTON RESIDENTIAL MORTGA	13,782	$142K	0.2%	$10.30	$7.48	—	COM SHS BEN INT	288578107
—	MEDLEY CAP CORP	143,729	$110K	0.1%	$0.77	$0.77	—	COM	58503F106
—	ARMOUR RESIDENTIAL REIT INC	10,450	$98,000	0.1%	$9.38	$9.38	—	COM	042315507
—	KAYNE ANDERSON MIDSTREAM/ENE	18,000	$82,000	0.1%	$4.56	$4.56	—	COM	48661E108
EQS	EQUUS TOTAL RETURN INC	54,210	$63,000	0.1%	$1.16	$2.01	-44.1%	COM	294766100
—	TWO HARBORS INVESTMENT CORP	10,000	$50,000	0.1%	$5.00	$3.80	—	COM NEW	90187B408