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
BANK OF AMERICA 7 25 CNV PFD L 060505682 1,136 900 SH   SOLE   900 0 0
FELCOR LODGING TRUST INC PFD CV A $1 95 31430F200 1,106 39,700 SH   SOLE   39,700 0 0
IRIDIUM COMMUNICATIONS PERP PFD CNV B 46269C409 4,061 10,580 SH   SOLE   10,580 0 0
WELLS FARGO COMPANY PERP PFD CNV A 949746804 9,046 6,879 SH   SOLE   6,879 0 0
WELLTOWER INC 6 50 PFD PREPET 95040Q203 1,125 17,000 SH   SOLE   17,000 0 0
APOLLO SENIOR FLOATING RATE COM 037636107 245 14,507 SH   SOLE   14,507 0 0
BLACKROCK DEBT STRATEGIES FUND COM NEW 09255R202 585 50,668 SH   SOLE   50,668 0 0
BROOKFIELD REAL ASSETS INCOME FUND SHS BEN INT 112830104 843 36,347 SH   SOLE   36,347 0 0
CLEAR CHANNEL OUTDOOR HOLDINGS INC CL A 18451C109 822 169,442 SH   SOLE   169,442 0 0
COHEN STEERS CLOSED-END OPPORTUNITY FUND COM 19248P106 637 49,031 SH   SOLE   49,031 0 0
COHEN STEERS INFRASTRUCTURE FUND COM 19248A109 632 26,758 SH   SOLE   26,758 0 0
COLONY NORTHSTAR CL A COM 19625W104 1,200 85,174 SH   SOLE   85,174 0 0
CUMULUS MEDIA INC CL A NEW 231082603 315 700,576 SH   SOLE   700,576 0 0
DUFF PHELPS GLOBAL UTILITY INCOME FUND COM 26433C105 562 33,833 SH   SOLE   33,833 0 0
DURECT CORPORATION COM 266605104 398 255,000 SH   SOLE   255,000 0 0
EATON VANCE LIMITED DURATION INCOME FUND COM 27828H105 3,863 273,998 SH   SOLE   273,998 0 0
EATON VANCE SHORT DURATION DIVERSIFIED INC FUND COM 27828V104 261 18,602 SH   SOLE   18,602 0 0
EMMIS COMMUNICATIONS COM NEW CL A 291525400 2,464 858,684 SH   SOLE   858,684 0 0
GABELLI CONVERTIBLE AND INCOME FUND COM SH BEN INT 36242L105 614 30,347 SH   SOLE   30,347 0 0
GDL FUND COM SH BEN IT 361570104 1,131 110,269 SH   SOLE   110,269 0 0
NUVEEN CREDIT STRATEGIES INCOME FUND COM SHS 67073D102 2,616 303,805 SH   SOLE   303,805 0 0
PIONEER FLOATING RATE TRUST COM 72369J102 569 47,798 SH   SOLE   47,798 0 0
SIRIUS XM RADIO INC COM 82968B103 547 100,000 SH   SOLE   100,000 0 0
URBAN ONE CLASS D CL D NON VTG 91705J204 4,493 1,996,881 SH   SOLE   1,996,881 0 0
EASTMAN KODAK *W EXP 09/03/201 277461133 5 11,128 SH   SOLE   11,128 0 0
EASTMAN KODAK *W EXP 09/03/201 277461141 4 11,700 SH   SOLE   11,700 0 0
BANK OF AMERICA *W EXP 01/16/201 060505146 1,264 105,000 SH   SOLE   105,000 0 0
GENERAL MOTORS CORP *W EXP 07/10/201 37045V126 11,190 643,467 SH   SOLE   643,467 0 0
AMERICAN INTERNATIONAL GROUP *W EXP 01/19/202 026874156 224 10,610 SH   SOLE   10,610 0 0
HOSTESS BRANDS *W EXP 11/04/202 44109J114 1 300 SH   SOLE   300 0 0
NEW YORK COMMUNITY BANCORP TRUST UNIT 11/01/2051 64944P307 28,196 549,358 SH   SOLE   549,358 0 0
AIR LEASE CORPORATION NOTE 3 875 12/0 00912XAK0 64,948 46,979,000 PRN   SOLE   0 0 0
AKAMAI TECH DBCV 2/1 00971TAG6 11,069 11,300,000 PRN   SOLE   0 0 0
ALON USA ENERGY INC NOTE 3 000 9/1 020520AB8 27,821 24,444,000 PRN   SOLE   0 0 0
JOHNSON JOHNSON SDCV 7/2 02261WAB5 56,050 30,839,000 PRN   SOLE   0 0 0
AMERICAN REALTY CAPITAL PROPERTIES INC NOTE 3 000 8/0 02917TAA2 1,007 1,000,000 PRN   SOLE   0 0 0
AMYRIS NOTE 6 500 5/1 03236MAC5 11,432 16,936,000 PRN   SOLE   0 0 0
ARBOR REALTY TRUST NOTE 6 500 10/0 038923AA6 3,809 3,575,000 PRN   SOLE   0 0 0
ATLAS AIR WORLDWIDE HOLDINGS NOTE 1 875 6/0 049164BJ4 14,919 13,650,000 PRN   SOLE   0 0 0
B2GOLD CORPORATION NOTE 3 250 10/0 11777QAB6 8,710 8,285,000 PRN   SOLE   0 0 0
CSG SYSTEMS INTERNATIONAL INC NOTE 4 250 3/1 126349AF6 9,899 9,150,000 PRN   SOLE   0 0 0
CARRIAGE SERVICES NOTE 2 750 3/1 143905AM9 26,072 20,017,000 PRN   SOLE   0 0 0
CEMEX S A NOTE 3 750 3/1 151290BC6 2,660 2,225,000 PRN   SOLE   0 0 0
CITRIX SYSTEMS INC NOTE 0 500 4/1 177376AD2 94,464 78,547,000 PRN   SOLE   0 0 0
CLOVIS ONCOLOGY INC NOTE 2 500 9/1 189464AB6 6,833 4,030,000 PRN   SOLE   0 0 0
COLONY NORTHSTAR NOTE 5 000 4/1 19624RAA4 3,184 3,020,000 PRN   SOLE   0 0 0
COLONY NORTHSTAR NOTE 3 875 1/1 19624RAB2 27,491 27,029,000 PRN   SOLE   0 0 0
CORENERGY INFRASTRUCTURE TRUST NOTE 7 000 6/1 21870UAA4 19,964 17,815,000 PRN   SOLE   0 0 0
COWEN GROUP INC NOTE 3 000 3/1 223622AB7 29,239 28,387,000 PRN   SOLE   0 0 0
CTRIP COM INTERNATIONAL LTD NOTE 1 990 7/0 22943FAH3 2,614 2,140,000 PRN   SOLE   0 0 0
DEPOMED INC NOTE 2 500 9/0 249908AA2 704 800,000 PRN   SOLE   0 0 0
DYCOM INDUSTRIES INC NOTE 0 750 9/1 267475AB7 45,654 39,228,000 PRN   SOLE   0 0 0
ELECTRONICS FOR IMAGING NOTE 0 750 9/0 286082AC6 5,859 5,450,000 PRN   SOLE   0 0 0
EURONET WORLDWIDE INC NOTE 1 500 10/0 298736AH2 48,290 37,744,000 PRN   SOLE   0 0 0
GLOBAL BROKERAGE INC NOTE 2 250 6/1 302693AB2 2,036 4,735,000 PRN   SOLE   0 0 0
FINISAR CORPORATION NOTE 0 500 12/1 31787AAM3 30,843 27,600,000 PRN   SOLE   0 0 0
GSV CAPITAL CORP NOTE 5 250 9/1 36191JAB7 1,822 1,845,000 PRN   SOLE   0 0 0
GLOBAL EAGLE ENTERTAINMENT INC NOTE 2 750 2/1 37951DAB8 3,058 4,705,000 PRN   SOLE   0 0 0
GREENBRIER COMPANIES NOTE 3 500 4/0 393657AH4 24,032 17,703,000 PRN   SOLE   0 0 0
HARMONIC INC NOTE 4 000 12/0 413160AB8 15,122 13,207,000 PRN   SOLE   0 0 0
HORIZON GLOBAL NOTE 2 750 7/0 44052WAA2 15,192 15,825,000 PRN   SOLE   0 0 0
TELIGENT INC NOTE 3 750 12/1 449575AB5 13,240 12,323,000 PRN   SOLE   0 0 0
INTEGRATED DEVICE TECH NOTE 0 875 11/1 458118AC0 425 400,000 PRN   SOLE   0 0 0
INTEL CORP SDCV 12/1 458140AD2 44,077 33,680,000 PRN   SOLE   0 0 0
INTEL CORPORATION SDCV 3 250 8/0 458140AF7 57,519 34,802,000 PRN   SOLE   0 0 0
INTERDIGITAL INC NOTE 1 500 3/0 458660AD9 18,624 15,350,000 PRN   SOLE   0 0 0
JANUS CAPITAL GROUP INC NOTE 0 750 7/1 47102XAH8 78,839 53,541,000 PRN   SOLE   0 0 0
KEYW HOLDING CORP NOTE 2 500 7/1 493723AA8 4,606 4,767,000 PRN   SOLE   0 0 0
LIBERTY MEDIA DEB 3 750 2/1 530715AL5 830 1,310,000 PRN   SOLE   0 0 0
LIBERTY MEDIA CORPORATION NOTE 1 375 10/1 531229AB8 107,412 90,403,000 PRN   SOLE   0 0 0
MACQUARIE INFRASTRUCTURE COMPANY LLC NOTE 2 875 7/1 55608BAA3 64,429 58,142,000 PRN   SOLE   0 0 0
MACQUARIE INFRASTRUCTURE NOTE 2 000 10/0 55608BAB1 5,513 5,525,000 PRN   SOLE   0 0 0
MEDICINES COMPANY NOTE 2 750 7/1 584688AG0 22,888 21,850,000 PRN   SOLE   0 0 0
MICROCHIP TECHNOLOGY INC NOTE 1 625 2/1 595017AD6 8,549 5,702,000 PRN   SOLE   0 0 0
MODUSLINK GLOBAL SOLUTIONS INC NOTE 5 250 3/0 60786LAB3 658 700,000 PRN   SOLE   0 0 0
MOLINA HEALTHCARE INC DBCV 1 625 8/1 60855RAD2 12,711 9,945,000 PRN   SOLE   0 0 0
NATIONAL HEALTH INVESTORS INC NOTE 3 250 4/0 63633DAE4 24,741 21,217,000 PRN   SOLE   0 0 0
OASIS PETROLEUM NOTE 2 625 9/1 674215AJ7 11,286 11,500,000 PRN   SOLE   0 0 0
PDL BIOPHARMA INC NOTE 4 000 2/0 69329YAF1 2,081 2,080,000 PRN   SOLE   0 0 0
PDL BIOPHARMA INC NOTE 2 750 12/0 69329YAG9 8,914 9,880,000 PRN   SOLE   0 0 0
PALO ALTO NETWORKS INC NOTE 7/0 697435AB1 33,353 25,400,000 PRN   SOLE   0 0 0
PERNIX THERAPEUTICS HOLDINGS DBCV 4 250 4/0 71426VAK4 550 2,000,000 PRN   SOLE   0 0 0
PRA GROUP INC NOTE 3 000 8/0 73640QAB1 17,338 18,155,000 PRN   SOLE   0 0 0
PRICELINE COM NOTE 0 350 6/1 741503AS5 4,834 3,290,000 PRN   SOLE   0 0 0
PRICELINE COM NOTE 0 900 9/1 741503AX4 108,563 94,914,000 PRN   SOLE   0 0 0
QUANTUM CORP NOTE 4 500 11/1 747906AJ4 1,501 1,500,000 PRN   SOLE   0 0 0
RPM INTERNATIONAL INC NOTE 2 250 12/1 749685AT0 67,079 56,664,000 PRN   SOLE   0 0 0
ARCONIC INC NOTE 1 625 10/1 74973WAB3 94,383 88,258,000 PRN   SOLE   0 0 0
REDWOOD TRUST INC NOTE 5 625 11/1 749772AB5 946 900,000 PRN   SOLE   0 0 0
RED HAT INC NOTE 0 250 10/0 756577AD4 58,620 42,328,000 PRN   SOLE   0 0 0
RESOURCE CAPITAL CORPORATION NOTE 8 000 1/1 76120WAB0 4,858 4,705,000 PRN   SOLE   0 0 0
ROYAL GOLD INC NOTE 2 875 6/1 780287AA6 28,038 25,868,000 PRN   SOLE   0 0 0
SAFEGUARD SCIENTIFICS DBCV 5 250 5/1 786449AK4 1,867 1,815,000 PRN   SOLE   0 0 0
SALESFORCE COM INC NOTE 0 250 4/0 79466LAD6 68,357 51,555,000 PRN   SOLE   0 0 0
SEACOR HOLDING INC NOTE 3 000 11/1 81170YAB5 2,192 2,585,000 PRN   SOLE   0 0 0
SILVER STANDARD RESOURCES INC NOTE 2 875 2/0 82823LAC0 13,173 13,550,000 PRN   SOLE   0 0 0
TERRAVIA HOLDINGS NOTE 6 000 2/0 83415TAB7 4,403 7,160,000 PRN   SOLE   0 0 0
TERRAVIA HOLDINGS NOTE 5 000 10/0 83415TAC5 6,100 14,610,000 PRN   SOLE   0 0 0
TEVA PHARM DBCV 0 250 2/0 88163VAE9 98,950 91,833,000 PRN   SOLE   0 0 0
TRINITY INDUSTRIES INC NOTE 3 875 6/0 896522AF6 53,604 42,670,000 PRN   SOLE   0 0 0
VITAMIN SHOPPE INC NOTE 2 250 12/0 92849EAB7 5,681 7,180,000 PRN   SOLE   0 0 0
WEBMD HEALTH CORP NOTE 1 500 12/0 94770VAK8 3,840 3,021,000 PRN   SOLE   0 0 0
WORKDAY INC NOTE 1 500 7/1 98138HAD3 39,595 29,680,000 PRN   SOLE   0 0 0
ALTABA NOTE 12/0 984332AF3 17,449 15,340,000 PRN   SOLE   0 0 0