Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
—	MFA FINANCIAL INC	7,517,000	$7.091M	9.6%	$0.94	$0.89	—	NOTE 6.250% 6/1	55272XAA0
—	GREAT AJAX CORP	833,759	$6.912M	9.4%	$8.29	$10.57	—	COM	38983D300
—	MFA FINANCIAL INC	2,422,930	$6.493M	8.8%	$2.68	$2.66	—	COM	55272X102
CCIF	VERTICAL CAPITAL INCOME	599,573	$5.954M	8.1%	$9.93	$9.84	—	SHS BEN INT	92535C104
—	MVC CAPITAL INC	609,588	$4.761M	6.5%	$7.81	$8.30	—	COM	553829102
—	SAFEGUARD SCIENTIFICS INC	642,753	$3.522M	4.8%	$5.48	$10.46	—	COM NEW	786449207
—	HIGHLAND INCOME FUND	384,939	$3.307M	4.5%	$8.59	$10.44	—	HIGHLAND INCOME	43010E404
AGRO	ADECOAGRO SA	679,726	$3.174M	4.3%	$4.67 *	$6.44	-35.0%	COM	L00849106
—	MMA CAPITAL HOLDINGS INC	134,515	$3.028M	4.1%	$22.51	$24.11	—	COM	55315D105
—	GARRISON CAPITAL INC	748,009	$2.857M	3.9%	$3.82	$4.01	—	COM	366554103
—	NEW YORK MORTGAGE TRUST INC	1,030,417	$2.628M	3.6%	$2.55	$2.61	—	COM PAR $.02	649604501
BRK/A	BERKSHIRE HATHAWAY INC-CL A	8	$2.56M	3.5%	$320000.00 *	$313083.50	-2.0%	CL A	084670108
MTG	MGIC INVESTMENT CORP	273,600	$2.424M	3.3%	$8.86 *	$12.00	-29.0%	COM	552848103
FSK	FS KKR CAPITAL CORP	125,052	$1.983M	2.7%	$15.86 *	$7.29	0.0%	COM	302635206
—	KAYNE ANDERSON NEXTGEN ENERG	379,641	$1.53M	2.1%	$4.03	$4.06	—	COM	48661E108
—	ANWORTH MORTGAGE ASSET CORP	895,088	$1.468M	2.0%	$1.64	$1.57	—	COM	037347101
—	WATFORD HOLDINGS LTD	54,655	$1.254M	1.7%	$22.94	$19.87	—	SHS	G94787101
—	OAKTREE SPECIALTY LENDING CO	258,377	$1.251M	1.7%	$4.84	$4.93	—	COM	67401P108
—	HUNT COMPANIES FINANCE TRUST	309,271	$844K	1.1%	$2.73	$2.86	—	COM	44558T100
XTTPX	TORTOISE PIPELINE & ENERGY	67,879	$810K	1.1%	$11.93	$11.93	—	COM	89148H207
—	TORTOISE POWER & ENRGY INFRA	94,116	$802K	1.1%	$8.52	$8.52	—	COM	89147X104
—	PIMCO ENRGY & TACT CRDT	123,991	$768K	1.0%	$6.19	$6.19	—	COM SHS BEN INT	69346N107
—	CUSHING NEXTGEN INFRA INC	26,551	$712K	1.0%	$26.82	$30.62	—	COM	231647207
—	TREMONT MORTGAGE TRUST	241,260	$704K	1.0%	$2.92	$2.10	—	COM	894789106
—	BLACKROCK CAPITAL INVESTMENT	284,993	$695K	0.9%	$2.44	$2.44	—	COM	092533108
—	CAPSTEAD MORTGAGE CORP	115,863	$651K	0.9%	$5.62	$5.38	—	COM NO PAR	14067E506
—	FRONT YARD RESIDENTIAL CORP	69,791	$610K	0.8%	$8.74	$8.74	—	COM	35904G107
XNDPX	TORTOISE ENERGY INDEPENDENCE	57,028	$567K	0.8%	$9.94	$11.07	—	COM	89148K200
—	NICHOLAS FINANCIAL INC	74,892	$544K	0.7%	$7.26	$5.84	—	COM NEW	65373J209
RDN	RADIAN GROUP INC	33,867	$495K	0.7%	$14.62 *	$12.56	0.0%	COM	750236101
—	TORTOISE ENERGY INFRASTRUCT	30,747	$455K	0.6%	$14.80	$14.80	—	COM	89147L886
—	CUSHING MLP & INFRASTRUCTURE	22,645	$351K	0.5%	$15.50	$15.50	—	COM NEW	231631300
—	VOYA PRIME RATE TRUST	67,060	$296K	0.4%	$4.41	$4.41	—	SH BEN INT	92913A100
—	EATON VANCE SENIOR INCOME TR	48,294	$283K	0.4%	$5.86	$5.33	—	SH BEN INT	27826S103
—	WESTERN ASSET GLOBAL HIGH IN	28,709	$277K	0.4%	$9.65	$7.48	—	COM	95766B109
AGNC	AGNC INVESTMENT CORP	19,281	$268K	0.4%	$13.90	$12.90	—	COM	00123Q104
EFC	ELLINGTON FINANCIAL INC	20,281	$249K	0.3%	$12.28	$5.72	—	COM	28852N109
—	SALIENT MIDSTREAM & MLP FUND	63,865	$224K	0.3%	$3.51	$7.39	—	SH BEN INT	79471V105
CHMI	CHERRY HILL MORTGAGE INVESTM	22,802	$205K	0.3%	$8.99	$11.00	—	COM	164651101
—	STERLING BANCORP INC/MI	60,228	$181K	0.2%	$3.01	$3.96	—	COM	85917W102
—	EATON VANCE FLOATING-RATE IN	12,028	$169K	0.2%	$14.05	$14.05	—	COM	278284104
—	THIRD POINT REINSURANCE LTD	17,135	$119K	0.2%	$6.94	$7.51	—	COM	G8827U100
—	NB MLP & ENERGY INCOME	35,000	$83,000	0.1%	$2.37	$2.37	—	COM	64129H104
EQS	EQUUS TOTAL RETURN INC	54,210	$66,000	0.1%	$1.22 *	$2.01	-33.8%	COM	294766100
—	TWO HARBORS INVESTMENT CORP	10,000	$51,000	0.1%	$5.10	$3.80	—	COM NEW	90187B408
—	FIRST TRUST SPECIALTY FINANC	20,000	$46,000	0.1%	$2.30	$2.30	—	COM BEN INTR	33733G109