Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	LEVEL 3 COMMUNICATIONS INC	1,797,470	$103M	19.8%	$22.20	—	COM NEW	52729N308
—	CHIMERA INVT CORP	2,777,981	$56.19M	10.8%	$13.69	—	COM NEW	16934Q208
—	WEST CORP	1,591,636	$38.87M	7.5%	$23.93	—	COM	952355204
EPD	ENTERPRISE PRODS PARTNERS L	679,022	$18.75M	3.6%	$51.23	—	COM	293792107
—	CYS INVTS INC	2,139,532	$17.08M	3.3%	$8.46	—	COM	12673A108
SYK	STRYKER CORP	121,220	$15.88M	3.1%	$56.92	+101.2%	COM	863667101
—	ANNALY CAP MGMT INC	1,361,822	$15.32M	2.9%	$12.54	—	COM	035710409
—	TWO HBRS INVT CORP	1,307,654	$12.54M	2.4%	$10.07	—	COM	90187B101
BKD	BROOKDALE SR LIVING INC	870,940	$11.55M	2.2%	$24.41	-42.2%	COM	112463104
GS	GOLDMAN SACHS GROUP INC	49,400	$11.35M	2.2%	$120.06	+66.6%	COM	38141G104
—	BARRICK GOLD CORP	582,197	$11.06M	2.1%	$14.59	—	COM	067901108
SLRC	SOLAR CAP LTD	479,013	$10.83M	2.1%	$6.98	+34.9%	COM	83413U100
—	MVC CAPITAL INC	1,105,397	$9.938M	1.9%	$11.08	—	COM	553829102
—	MFA FINL INC	1,218,300	$9.844M	1.9%	$7.97	—	COM	55272X102
SUI	SUN CMNTYS INC	110,433	$8.871M	1.7%	$68.47	—	COM	866674104
—	SOLAR SR CAP LTD	462,777	$8.321M	1.6%	$16.13	—	COM	83416M105
—	SUTHERLAND ASSET MGMT CORP M	520,429	$7.52M	1.4%	$13.52	—	COM	86933G105
ARI	APOLLO COML REAL EST FIN INC	389,286	$7.322M	1.4%	$15.82	—	COM	03762U105
—	ELLINGTON FINANCIAL LLC	442,344	$7.002M	1.3%	$22.62	—	COM	288522303
NEM	NEWMONT MINING CORP	192,763	$6.497M	1.2%	$17.09	+61.0%	COM	651639106
—	THL CR INC	612,713	$6.103M	1.2%	$11.28	—	COM	872438106
PNNT	PENNANTPARK INVT CORP	748,056	$6.089M	1.2%	$2.40	+17.3%	COM	708062104
PFLT	PENNANTPARK FLOATING RATE CA	415,302	$5.789M	1.1%	$4.45	+22.9%	COM	70806A106
FDUS	FIDUS INVT CORP	299,830	$5.268M	1.0%	$4.96	+23.9%	COM	316500107
NMFC	NEW MTN FIN CORP	350,515	$5.223M	1.0%	$4.01	+40.5%	COM	647551100
—	NEOVASC INC	3,000,010	$4.59M	0.9%	$1.66	—	COM	64065J106
CMCSA	COMCAST CORP NEW	120,000	$4.511M	0.9%	$26.84	+11.5%	CL A	20030N101
SYF	SYNCHRONY FINL	130,362	$4.471M	0.9%	$25.00	+15.9%	COM	87165B103
NEWT	NEWTEK BUSINESS SVCS CORP	251,547	$4.271M	0.8%	$14.35	+13.0%	COM NEW	652526203
CSCO	CISCO SYS INC	120,000	$4.056M	0.8%	$15.24	+62.3%	COM	17275R102
—	NUSTAR ENERGY LP	70,406	$3.66M	0.7%	$45.65	—	UNIT COM	67058H102
STWD	STARWOOD PPTY TR INC	160,853	$3.632M	0.7%	$23.47	—	COM	85571B105
—	FACTORSHARES TR	116,600	$3.442M	0.7%	$25.72	—	ISE CYBER SEC	30304R407
—	TCP CAP CORP	167,136	$2.912M	0.6%	$14.18	—	COM	87238Q103
PFE	PFIZER INC	84,247	$2.882M	0.6%	$16.46	+30.1%	COM	717081103
TRGP	TARGA RES CORP	47,178	$2.826M	0.5%	$15.07	+166.4%	COM	87612G101
—	MEDLEY CAP CORP	367,236	$2.824M	0.5%	$8.74	—	COM	58503F106
MSFT	MICROSOFT CORP	42,400	$2.792M	0.5%	$26.70	+116.6%	COM	594918104
GM	GENERAL MTRS CO	79,149	$2.765M	0.5%	$26.01	+19.0%	COM	37045V100
ZBH	ZIMMER BIOMET HLDGS INC	22,100	$2.699M	0.5%	$67.30	+56.6%	COM	98956P102
EXC	EXELON CORP	70,000	$2.519M	0.5%	$15.41	+21.4%	COM	30161N101
—	GENERAL ELECTRIC CO	79,952	$2.383M	0.5%	$23.19	—	COM	369604103
—	TC PIPELINES LP	38,000	$2.267M	0.4%	$48.29	—	UT COM LTD PRT	87233Q108
—	ENERGY TRANSFER PRTNRS L P	61,380	$2.242M	0.4%	$52.20	—	UNIT LTD PARTN	29273R109
XOM	EXXON MOBIL CORP	23,240	$1.906M	0.4%	$53.69	+4.5%	COM	30231G102
—	MAGELLAN MIDSTREAM PRTNRS LP	24,600	$1.892M	0.4%	$54.51	—	COM UNIT RP LP	559080106
—	BUCKEYE PARTNERS L P	26,963	$1.849M	0.4%	$69.06	—	UNIT LTD PARTN	118230101
—	ALLIED WRLD ASSUR COM HLDG A	34,373	$1.825M	0.4%	$55.85	—	SHS	H01531104
—	TRANSATLANTIC PETROLEUM LTD	1,179,026	$1.651M	0.3%	$5.37	—	SHS NEW	G89982113
AGNC	AGNC INVT CORP	82,733	$1.646M	0.3%	$18.13	—	COM	00123Q104
—	JPMORGAN CHASE & CO	35,200	$1.63M	0.3%	$23.69	—	*W EXP 10/28/201	46634E114
KGC	KINROSS GOLD CORP	463,352	$1.626M	0.3%	$4.62	-22.3%	COM NO PAR	496902404
LLY	LILLY ELI & CO	18,000	$1.514M	0.3%	$42.21	+64.7%	COM	532457108
—	FIREEYE INC	119,800	$1.511M	0.3%	$18.30	—	COM	31816Q101
RIG	TRANSOCEAN LTD	121,138	$1.508M	0.3%	$24.77	-44.6%	REG SHS	H8817H100
—	MB FINANCIAL INC NEW	35,000	$1.499M	0.3%	$26.80	—	COM	55264U108
ABBV	ABBVIE INC	22,000	$1.434M	0.3%	$26.55	+63.8%	COM	00287Y109
—	TENET HEALTHCARE CORP	75,000	$1.328M	0.3%	$17.71	—	COM NEW	88033G100
SYNA	SYNAPTICS INC	25,073	$1.241M	0.2%	$66.96	-19.8%	COM	87157D109
HRZN	HORIZON TECHNOLOGY FIN CORP	106,472	$1.185M	0.2%	$3.32	+20.1%	COM	44045A102
ZTS	ZOETIS INC	21,174	$1.13M	0.2%	$29.32	+72.1%	COM	98978V103
—	TPG SPECIALTY LENDING INC	55,220	$1.126M	0.2%	$16.14	—	COM	87265K102
WFC	WELLS FARGO & CO NEW	900	$979K	0.2%	—	—	Call	949746101
ABT	ABBOTT LABS	22,000	$977K	0.2%	$28.85	+28.0%	COM	002824100
BXMT	BLACKSTONE MTG TR INC	29,680	$919K	0.2%	$27.85	—	COM CL A	09257W100
CF	CF INDS HLDGS INC	30,000	$881K	0.2%	$25.79	0.0%	COM	125269100
—	LAYNE CHRISTENSEN CO	1,000,000	$881K	0.2%	$0.70	—	NOTE 4.250%11/1	521050AB0
MDLZ	MONDELEZ INTL INC	20,000	$862K	0.2%	$23.16	+55.0%	CL A	609207105
—	SILVER BAY RLTY TR CORP	36,791	$790K	0.2%	$16.55	—	COM	82735Q102
—	CIDARA THERAPEUTICS INC	100,000	$780K	0.1%	$7.80	—	COM	171757107
ARCC	ARES CAP CORP	44,796	$779K	0.1%	$6.62	+12.4%	COM	04010L103
PMT	PENNYMAC MTG INVT TR	35,500	$630K	0.1%	$15.46	—	COM	70931T103
EARN	ELLINGTON RESIDENTIAL MTG RE	36,573	$536K	0.1%	$15.62	—	COM SHS BEN INT	288578107
—	NUVEEN QUALITY MUNCP INCOME	37,385	$512K	0.1%	$15.06	—	COM	67066V101
VALE	VALE S A	53,100	$504K	0.1%	$13.15	—	ADR	91912E105
—	INVESCO QUALITY MUNI INC TRS	30,674	$381K	0.1%	$11.12	—	COM	46133G107
PAGP	PLAINS GP HLDGS L P	12,016	$376K	0.1%	$34.70	—	LTD PARTNR INT A	72651A207
COP	CONOCOPHILLIPS	7,200	$359K	0.1%	$39.96	-8.5%	COM	20825C104
—	VALE S A	37,500	$337K	0.1%	$12.16	—	ADR REPSTG PFD	91912E204
RITM	NEW RESIDENTIAL INVT CORP	19,646	$334K	0.1%	$15.02	—	COM NEW	64828T201
—	MEDLEY MGMT INC	40,134	$333K	0.1%	$8.30	—	CL A COM	58503T106
GOOG	ALPHABET INC	50	$332K	0.1%	—	—	Call	02079K107
—	GENERAL ELECTRIC CO	2,000	$324K	0.1%	$23.19	—	Call	369604103
—	EATON VANCE MUN BD FD	25,500	$320K	0.1%	$11.29	—	COM	27827X101
—	DOW CHEM CO	300	$309K	0.1%	—	—	Call	260543103
HTGC	HERCULES CAPITAL INC	20,000	$303K	0.1%	$11.24	+30.5%	COM	427096508
CFG	CITIZENS FINL GROUP INC	8,000	$276K	0.1%	$17.55	+46.9%	COM	174610105
—	OCWEN FINL CORP	40,000	$219K	0.0%	$5.47	—	COM	675746309
COP	CONOCOPHILLIPS	250	$137K	0.0%	$39.96	-8.5%	Call	20825C104
—	APOLLO INVT CORP	15,000	$98,000	0.0%	$8.48	—	COM	03761U106
BKD	BROOKDALE SR LIVING INC	69	$2,000	0.0%	$24.41	-42.2%	Call	112463104