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
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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
A.M.Castle & Co. CONV 148411AB7 1,332 800,000 PRN   SOLE   800,000 0 0
Alaska Communications Systems CONV 01167PAD3 1,594 2,000,000 PRN   SOLE   2,000,000 0 0
Allscripts Healthcare Solutio CONV 01988PAC2 986 1,000,000 PRN   SOLE   1,000,000 0 0
AmTrust Financial Services, I CONV 032359AC5 3,506 2,500,000 PRN   SOLE   2,500,000 0 0
Annaly Capital Management, In CONV 035710AA0 1,683 1,500,000 PRN   SOLE   1,500,000 0 0
Array BioPharma Inc. CONV 04269XAA3 1,435 1,500,000 PRN   SOLE   1,500,000 0 0
BlackRock Kelso Capital Corp. CONV 092533AA6 3,071 3,000,000 PRN   SOLE   3,000,000 0 0
Bottomline Technologies, Inc. CONV 101388AA4 2,192 2,000,000 PRN   SOLE   2,000,000 0 0
Bristow Group Inc. CONV 110394AC7 2,972 2,511,000 PRN   SOLE   2,511,000 0 0
CEMEX S.A.B. de C.V. CONV 151290AV5 1,146 1,000,000 PRN   SOLE   1,000,000 0 0
Chart Industries, Inc. CONV 16115QAC4 2,257 1,500,000 PRN   SOLE   1,500,000 0 0
Chiquita Brands International CONV 170032AT3 1,345 1,400,000 PRN   SOLE   1,400,000 0 0
Colony Financial, Inc. CONV 19624RAA4 2,556 2,500,000 PRN   SOLE   2,500,000 0 0
Concur Technologies, Inc. CONV 206708AB5 1,000 1,000,000 PRN   SOLE   1,000,000 0 0
CSG Systems International, In CONV 126349AC3 2,451 2,150,000 PRN   SOLE   2,150,000 0 0
DFC Global Corp. CONV 23324TAA5 2,467 2,500,000 PRN   SOLE   2,500,000 0 0
Electronic Arts Inc. CONV 285512AA7 1,046 1,000,000 PRN   SOLE   1,000,000 0 0
EMC Corp. CONV 268648AL6 1,478 1,000,000 PRN   SOLE   1,000,000 0 0
EMC Corp. CONV 268648AM4 2,661 1,800,000 PRN   SOLE   1,800,000 0 0
Encore Capital Group, Inc. CONV 292554AC6 2,422 2,000,000 PRN   SOLE   2,000,000 0 0
Encore Capital Group, Inc. CONV 292554AE2 241 250,000 PRN   SOLE   250,000 0 0
Equinix, Inc. CONV 29444UAG1 3,372 2,000,000 PRN   SOLE   2,000,000 0 0
Exelixis, Inc. CONV 30161QAC8 1,216 1,250,000 PRN   SOLE   1,250,000 0 0
Finisar Corp. CONV 31787AAJ0 274 150,000 PRN   SOLE   150,000 0 0
FXCM Inc. CONV 302693AA4 2,149 2,000,000 PRN   SOLE   2,000,000 0 0
Gilead Sciences, Inc. CONV 375558AN3 3,405 1,500,000 PRN   SOLE   1,500,000 0 0
Gilead Sciences, Inc. CONV 375558AP8 4,530 2,000,000 PRN   SOLE   2,000,000 0 0
Goodrich Petroleum Corp. CONV 382410AC2 1,995 2,000,000 PRN   SOLE   2,000,000 0 0
GT Advanced Technologies, Inc CONV 36191UAA4 1,708 2,000,000 PRN   SOLE   2,000,000 0 0
Hawaiian Holdings, Inc. CONV 419879AD3 3,018 2,750,000 PRN   SOLE   2,750,000 0 0
Hornbeck Offshore Services, I CONV 440543AM8 2,126 1,750,000 PRN   SOLE   1,750,000 0 0
IAS Operating Partnership LP CONV 44927XAA3 1,876 2,000,000 PRN   SOLE   2,000,000 0 0
Iconix Brand Group, Inc. CONV 451055AD9 1,679 1,500,000 PRN   SOLE   1,500,000 0 0
Iconix Brand Group, Inc. CONV 451055AE7 2,548 2,250,000 PRN   SOLE   2,250,000 0 0
Infinera Corp. CONV 45667GAA1 1,110 1,000,000 PRN   SOLE   1,000,000 0 0
Insulet Corp. CONV 45784PAC5 2,290 1,750,000 PRN   SOLE   1,750,000 0 0
Intel Corp. CONV 458140AC4 1,636 1,500,000 PRN   SOLE   1,500,000 0 0
InterDigital, Inc. CONV 458660AB3 2,692 2,500,000 PRN   SOLE   2,500,000 0 0
International Game Technology CONV 459902AQ5 1,068 1,000,000 PRN   SOLE   1,000,000 0 0
Ixia CONV 45071RAB5 1,202 1,000,000 PRN   SOLE   1,000,000 0 0
Jarden Corp. CONV 471109AG3 3,102 2,750,000 PRN   SOLE   2,750,000 0 0
Kaiser Aluminum Corp. CONV 483007AB6 2,719 2,000,000 PRN   SOLE   2,000,000 0 0
Kaman Corp. CONV 483548AD5 1,782 1,500,000 PRN   SOLE   1,500,000 0 0
Lexington Realty Trust CONV 529043AA9 1,683 1,000,000 PRN   SOLE   1,000,000 0 0
Lifepoint Hospitals, Inc. CONV 53219LAH2 2,172 2,000,000 PRN   SOLE   2,000,000 0 0
Mentor Graphics Corp. CONV 587200AK2 2,442 2,000,000 PRN   SOLE   2,000,000 0 0
MGM Resorts International CONV 55303QAE0 2,244 2,000,000 PRN   SOLE   2,000,000 0 0
Micron Technology, Inc. CONV 595112AP8 2,401 1,500,000 PRN   SOLE   1,500,000 0 0
Micron Technology, Inc. CONV 595112AS2 145 100,000 PRN   SOLE   100,000 0 0
Molina Healthcare Inc. CONV 60855RAB6 1,649 1,500,000 PRN   SOLE   1,500,000 0 0
Mylan Inc. CONV 628530AJ6 2,375 1,000,000 PRN   SOLE   1,000,000 0 0
National Financial Partners C CONV 63607PAC3 2,046 1,000,000 PRN   SOLE   1,000,000 0 0
Northgate Minerals Corp. CONV 666416AB8 1,137 1,200,000 PRN   SOLE   1,200,000 0 0
Nuance Communications, Inc. CONV 67020YAB6 3,478 3,000,000 PRN   SOLE   3,000,000 0 0
OPKO Health Inc. CONV 68375NAA1 1,448 1,341,000 PRN   SOLE   1,341,000 0 0
Photronics, Inc. CONV 719405AH5 2,199 2,000,000 PRN   SOLE   2,000,000 0 0
Priceline.com Inc. CONV 741503AN6 2,462 900,000 PRN   SOLE   900,000 0 0
Priceline.com Inc. CONV 741503AQ9 1,302 1,115,000 PRN   SOLE   1,115,000 0 0
Regeneron Pharmaceuticals, In CONV 75886FAD9 1,342 500,000 PRN   SOLE   500,000 0 0
ReneSola Ltd. CONV 75971TAA1 544 1,000,000 PRN   SOLE   1,000,000 0 0
Rovi Corp. CONV 779376AB8 2,040 2,000,000 PRN   SOLE   2,000,000 0 0
Royal Gold, Inc CONV 780287AA6 546 600,000 PRN   SOLE   600,000 0 0
RTI International Metals, Inc CONV 74973WAA5 1,306 1,200,000 PRN   SOLE   1,200,000 0 0
RTI International Metals, Inc CONV 74973WAB3 946 1,000,000 PRN   SOLE   1,000,000 0 0
Rudolph Technologies Inc. CONV 781268AA5 1,146 1,000,000 PRN   SOLE   1,000,000 0 0
Salix Pharmaceuticals Ltd. CONV 795435AC0 1,833 1,200,000 PRN   SOLE   1,200,000 0 0
SanDisk Corp. CONV 80004CAD3 2,007 1,500,000 PRN   SOLE   1,500,000 0 0
SBA Communications Corp. CONV 78388JAM8 2,948 1,200,000 PRN   SOLE   1,200,000 0 0
Ship Finance International Lt CONV G81075AE6 1,196 1,250,000 PRN   SOLE   1,250,000 0 0
Shutterfly, Inc. CONV 82568PAA4 1,106 1,000,000 PRN   SOLE   1,000,000 0 0
Starwood Property Trust, Inc. CONV 85571BAB1 512 500,000 PRN   SOLE   500,000 0 0
Stillwater Mining Company CONV 86074QAL6 1,031 1,000,000 PRN   SOLE   1,000,000 0 0
SunPower Corp. CONV 867652AC3 1,062 1,000,000 PRN   SOLE   1,000,000 0 0
SunPower Corp. CONV 867652AE9 2,930 2,500,000 PRN   SOLE   2,500,000 0 0
Take-Two Interactive Software CONV 874054AC3 1,655 1,500,000 PRN   SOLE   1,500,000 0 0
TeleCommunication Systems, In CONV 87929JAC7 1,980 2,000,000 PRN   SOLE   2,000,000 0 0
The Ryland Group, Inc. CONV 783764AS2 908 1,000,000 PRN   SOLE   1,000,000 0 0
Titan Machinery Inc. CONV 88830RAB7 1,880 2,000,000 PRN   SOLE   2,000,000 0 0
Tower Group, Inc. CONV 891777AC8 2,634 2,500,000 PRN   SOLE   2,500,000 0 0
United States Steel Corp. CONV 912909AE8 1,284 1,250,000 PRN   SOLE   1,250,000 0 0
Volcano Corp. CONV 928645AB6 1,376 1,500,000 PRN   SOLE   1,500,000 0 0
Xilinx, Inc. CONV 983919AF8 1,434 1,000,000 PRN   SOLE   1,000,000 0 0
Amerivon Holdings LLC PFD CV 898873104 65 545,456 SH   SOLE   545,456 0 0
Amerivon Holdings LLC PFD CV 898876107 1,774 1,254,294 SH   SOLE   1,254,294 0 0
Bank of America Corp. PFD CV 60505682 3,776 3,400 SH   SOLE   3,400 0 0
Bunge Ltd. PFD CV G16962204 1,510 15,000 SH   SOLE   15,000 0 0
Chesapeake Energy Corp. PFD CV 165167768 3,193 3,100 SH   SOLE   3,100 0 0
Halcon Resources Corp. PFD CV 40537Q407 2,040 2,000 SH   SOLE   2,000 0 0
Health Care REIT, Inc. PFD CV 42217K601 2,484 40,000 SH   SOLE   40,000 0 0
Huntington Bancshares, Inc. PFD CV 446150401 3,070 2,500 SH   SOLE   2,500 0 0
NY Community Capital Trust V PFD CV 64944P307 2,282 48,000 SH   SOLE   48,000 0 0
Post Holdings, Inc. PFD CV 737446203 1,803 16,600 SH   SOLE   16,600 0 0
Stanley Black & Decker, Inc. PFD CV 854502309 2,583 20,000 SH   SOLE   20,000 0 0
Wells Fargo & Co. PFD CV 949746804 4,776 4,000 SH   SOLE   4,000 0 0
Weyerhaeuser Co. PFD CV 962166872 2,040 40,000 SH   SOLE   40,000 0 0
2010 Swift MandCommon Exch Tr PFD CV 90213G207 843 60,000 SH   SOLE   60,000 0 0
Apache Corp. PFD CV 37411808 1,910 40,000 SH   SOLE   40,000 0 0
Dominion Resources, Inc. PFD CV 25746U703 1,004 20,000 SH   SOLE   20,000 0 0
Dominion Resources, Inc. PFD CV 25746U885 1,001 20,000 SH   SOLE   20,000 0 0
General Motors Co. PFD CV 37045V209 3,853 80,000 SH   SOLE   80,000 0 0
Genesee & Wyoming, Inc. PFD CV 371559204 2,393 20,000 SH   SOLE   20,000 0 0
MetLife, Inc. PFD CV 59156R116 3,561 65,000 SH   SOLE   65,000 0 0
NextEra Energy, Inc. PFD CV 65339F705 845 15,000 SH   SOLE   15,000 0 0
NextEra Energy, Inc. PFD CV 65339F887 2,223 40,000 SH   SOLE   40,000 0 0
PPL Corp. PFD CV 69351T114 2,701 50,000 SH   SOLE   50,000 0 0
Unisys Corp. PFD CV 909214405 1,245 20,000 SH   SOLE   20,000 0 0
United Technologies Corp. PFD CV 913017117 4,749 80,000 SH   SOLE   80,000 0 0
Abbott Laboratories COM 2824100 628 18,000 SH   SOLE   18,000 0 0
AbbVie Inc. COM 00287Y109 827 20,000 SH   SOLE   20,000 0 0
AT&T Inc. COM 00206R102 2,478 70,000 SH   SOLE   70,000 0 0
Bristol Myers Squibb Co. COM 110122108 894 20,000 SH   SOLE   20,000 0 0
Citigroup Inc. COM 172967424 1,875 39,092 SH   SOLE   39,092 0 0
ConocoPhillips COM 20825C104 1,620 26,782 SH   SOLE   26,782 0 0
Eli Lilly & Co. COM 532457108 737 15,000 SH   SOLE   15,000 0 0
Intel Corp. COM 458140100 606 25,000 SH   SOLE   25,000 0 0
Merck & Co., Inc. COM 58933Y105 1,517 32,651 SH   SOLE   32,651 0 0
Microsoft Corp. COM 594918104 1,506 43,600 SH   SOLE   43,600 0 0
Pfizer Inc. COM 717081103 1,120 40,000 SH   SOLE   40,000 0 0
Verizon Communications Inc. COM 92343V104 3,020 60,000 SH   SOLE   60,000 0 0
Walt Disney Co. COM 254687106 947 15,000 SH   SOLE   15,000 0 0