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
A.M. Castle & Co. CONV 148411AF8 1,292 800,000 PRN   SOLE   800,000 0 0
Alaska Communications Systems CONV 01167PAD3 1,678 2,000,000 PRN   SOLE   2,000,000 0 0
Allscripts Healthcare Solutio CONV 01988PAC2 929 750,000 PRN   SOLE   750,000 0 0
AMAG Pharmaceuticals, Inc. CONV 00163UAA4 1,013 1,000,000 PRN   SOLE   1,000,000 0 0
American Realty Capital Prop. CONV 02917TAA2 2,130 2,000,000 PRN   SOLE   2,000,000 0 0
AmTrust Financial Services, I CONV 032359AC5 2,201 1,500,000 PRN   SOLE   1,500,000 0 0
Array BioPharma Inc. CONV 04269XAA3 517 500,000 PRN   SOLE   500,000 0 0
BioMarin Pharmaceutical Inc. CONV 09061GAF8 558 500,000 PRN   SOLE   500,000 0 0
BlackRock Kelso Capital Corp. CONV 092533AB4 1,568 1,500,000 PRN   SOLE   1,500,000 0 0
Bottomline Technologies, Inc. CONV 101388AA4 2,296 1,750,000 PRN   SOLE   1,750,000 0 0
Bristow Group Inc. CONV 110394AC7 3,121 2,511,000 PRN   SOLE   2,511,000 0 0
Cardtronics, Inc., CONV 14161HAF5 978 1,000,000 PRN   SOLE   1,000,000 0 0
Carriage Services, Inc. CONV 143905AL1 2,105 2,000,000 PRN   SOLE   2,000,000 0 0
Cepheid CONV 15670RAB3 649 600,000 PRN   SOLE   600,000 0 0
Chart Industries, Inc. CONV 16115QAC4 2,020 1,500,000 PRN   SOLE   1,500,000 0 0
Chiquita Brands International CONV 170032AT3 1,432 1,400,000 PRN   SOLE   1,400,000 0 0
Clean Energy Fuels Corp. CONV 184499AB7 912 1,000,000 PRN   SOLE   1,000,000 0 0
Colony Financial, Inc. CONV 19624RAA4 2,658 2,500,000 PRN   SOLE   2,500,000 0 0
CSG Systems International, In CONV 126349AC3 2,647 2,150,000 PRN   SOLE   2,150,000 0 0
Cubist Pharmaceuticals, Inc. CONV 229678AG2 2,659 2,200,000 PRN   SOLE   2,200,000 0 0
DFC Global Corp. CONV 23324TAB3 2,144 2,500,000 PRN   SOLE   2,500,000 0 0
Emergent BioSolutions Inc. CONV 29089QAA3 1,724 1,600,000 PRN   SOLE   1,600,000 0 0
Encore Capital Group, Inc. CONV 292554AE2 2,617 2,250,000 PRN   SOLE   2,250,000 0 0
Equinix, Inc. CONV 29444UAG1 3,300 2,000,000 PRN   SOLE   2,000,000 0 0
Exelixis, Inc. CONV 30161QAC8 1,583 1,750,000 PRN   SOLE   1,750,000 0 0
Finisar Corp. CONV 31787AAJ0 376 150,000 PRN   SOLE   150,000 0 0
Forest City Enterprises, Inc. CONV 345550AQ0 2,058 2,000,000 PRN   SOLE   2,000,000 0 0
FXCM Inc. CONV 302693AA4 2,075 2,000,000 PRN   SOLE   2,000,000 0 0
Gilead Sciences, Inc. CONV 375558AP8 6,225 2,000,000 PRN   SOLE   2,000,000 0 0
Goodrich Petroleum Corp. CONV 382410AG3 2,052 1,985,000 PRN   SOLE   1,985,000 0 0
GT Advanced Technologies Inc. CONV 36191UAB2 2,998 1,850,000 PRN   SOLE   1,850,000 0 0
Hawaiian Holdings, Inc. CONV 419879AD3 4,150 2,250,000 PRN   SOLE   2,250,000 0 0
HomeAway, Inc. CONV 43739QAA8 1,018 1,000,000 PRN   SOLE   1,000,000 0 0
Hornbeck Offshore Services, I CONV 440543AN6 1,138 1,000,000 PRN   SOLE   1,000,000 0 0
IAS Operating Partnership LP CONV 44927XAA3 968 1,000,000 PRN   SOLE   1,000,000 0 0
Iconix Brand Group, Inc. CONV 451055AE7 3,067 2,250,000 PRN   SOLE   2,250,000 0 0
Iconix Brand Group, Inc. CONV 451055AF4 2,054 1,500,000 PRN   SOLE   1,500,000 0 0
Illumina, Inc. CONV 452327AC3 2,729 1,500,000 PRN   SOLE   1,500,000 0 0
Incyte Corp. CONV 45337CAL6 2,572 2,000,000 PRN   SOLE   2,000,000 0 0
Infinera Corp. CONV 45667GAA1 1,042 1,000,000 PRN   SOLE   1,000,000 0 0
Intel Corp. CONV 458140AC4 1,179 1,000,000 PRN   SOLE   1,000,000 0 0
InterDigital, Inc. CONV 458660AB3 1,301 1,250,000 PRN   SOLE   1,250,000 0 0
InvenSense, Inc. CONV 46123DAA4 3,181 2,500,000 PRN   SOLE   2,500,000 0 0
Ixia CONV 45071RAB5 1,060 1,000,000 PRN   SOLE   1,000,000 0 0
Jarden Corp. CONV 471109AH1 3,838 2,750,000 PRN   SOLE   2,750,000 0 0
JinkoSolar Holding Co., Ltd. CONV 47759TAB6 908 1,000,000 PRN   SOLE   1,000,000 0 0
Kaiser Aluminum Corp. CONV 483007AB6 3,016 2,000,000 PRN   SOLE   2,000,000 0 0
Kaman Corp. CONV 483548AD5 1,962 1,500,000 PRN   SOLE   1,500,000 0 0
Layne Christensen Co. CONV 521050AA2 1,045 1,000,000 PRN   SOLE   1,000,000 0 0
Lexington Realty Trust CONV 529043AA9 1,617 1,000,000 PRN   SOLE   1,000,000 0 0
Liberty Media Corp. CONV 531229AA0 1,646 1,750,000 PRN   SOLE   1,750,000 0 0
Mentor Graphics Corp. CONV 587200AK2 2,810 2,250,000 PRN   SOLE   2,250,000 0 0
Merrimack Pharmaceuticals, In CONV 590328AA8 508 500,000 PRN   SOLE   500,000 0 0
MGM Resorts International CONV 55303QAE0 2,187 1,500,000 PRN   SOLE   1,500,000 0 0
Micron Technology, Inc. CONV 595112AY9 3,852 3,500,000 PRN   SOLE   3,500,000 0 0
Molina Healthcare Inc. CONV 60855RAC4 2,826 2,500,000 PRN   SOLE   2,500,000 0 0
Move, Inc. CONV 62458MAA6 982 1,000,000 PRN   SOLE   1,000,000 0 0
Mylan Inc. CONV 628530AJ6 3,681 1,000,000 PRN   SOLE   1,000,000 0 0
National Health Investors, In CONV 63633DAE4 250 250,000 PRN   SOLE   250,000 0 0
NQ Mobile Inc. CONV 64118UAA6 909 1,000,000 PRN   SOLE   1,000,000 0 0
Nuance Communications, Inc. CONV 67020YAF7 4,028 4,000,000 PRN   SOLE   4,000,000 0 0
NVIDIA Corp. CONV 67066GAB0 1,099 1,000,000 PRN   SOLE   1,000,000 0 0
OPKO Health Inc. CONV 68375NAA1 1,124 800,000 PRN   SOLE   800,000 0 0
Photronics, Inc. CONV 719405AH5 2,205 2,000,000 PRN   SOLE   2,000,000 0 0
Portfolio Recovery Associates CONV 73640QAA3 1,191 1,000,000 PRN   SOLE   1,000,000 0 0
Proofpoint, Inc. CONV 743424AA1 1,943 1,650,000 PRN   SOLE   1,650,000 0 0
RAIT Financial Trust CONV 749227AB0 980 1,000,000 PRN   SOLE   1,000,000 0 0
Regeneron Pharmaceuticals, In CONV 75886FAD9 1,786 500,000 PRN   SOLE   500,000 0 0
ReneSola Ltd. CONV 75971TAA1 402 500,000 PRN   SOLE   500,000 0 0
Royal Gold, Inc CONV 780287AA6 628 600,000 PRN   SOLE   600,000 0 0
RTI International Metals, Inc CONV 74973WAA5 1,286 1,200,000 PRN   SOLE   1,200,000 0 0
RTI International Metals, Inc CONV 74973WAB3 988 1,000,000 PRN   SOLE   1,000,000 0 0
Rudolph Technologies Inc. CONV 781268AA5 1,145 1,000,000 PRN   SOLE   1,000,000 0 0
Salix Pharmaceuticals, Ltd. CONV 795435AC0 1,348 600,000 PRN   SOLE   600,000 0 0
Salix Pharmaceuticals, Ltd. CONV 795435AE6 1,017 600,000 PRN   SOLE   600,000 0 0
SanDisk Corp. CONV 80004CAD3 1,237 750,000 PRN   SOLE   750,000 0 0
SBA Communications Corp. CONV 78388JAM8 2,689 900,000 PRN   SOLE   900,000 0 0
Ship Finance International Lt CONV G81075AE6 1,384 1,250,000 PRN   SOLE   1,250,000 0 0
SolarCity Corp. CONV 83416TAA8 970 750,000 PRN   SOLE   750,000 0 0
Spansion LLC CONV 84649PAK1 1,757 1,250,000 PRN   SOLE   1,250,000 0 0
SunEdison, Inc. CONV 86732YAB5 1,487 1,000,000 PRN   SOLE   1,000,000 0 0
SunPower Corp. CONV 867652AE9 3,041 2,000,000 PRN   SOLE   2,000,000 0 0
Take-Two Interactive Software CONV 874054AC3 3,295 2,500,000 PRN   SOLE   2,500,000 0 0
TeleCommunication Systems, In CONV 87929JAC7 1,950 2,000,000 PRN   SOLE   2,000,000 0 0
Tesla Motors, Inc. CONV 88160RAC5 364 400,000 PRN   SOLE   400,000 0 0
The Priceline Group Inc. CONV 741503AQ9 4,851 3,415,000 PRN   SOLE   3,415,000 0 0
Web.com Group, Inc. CONV 94733AAA2 2,364 2,000,000 PRN   SOLE   2,000,000 0 0
Xilinx, Inc. CONV 983919AF8 1,880 1,000,000 PRN   SOLE   1,000,000 0 0
Amerivon Holdings LLC PFD CV 898873104 33 545,456 SH   SOLE   545,456 0 0
Amerivon Holdings LLC PFD CV 898876107 1,527 1,287,032 SH   SOLE   1,287,032 0 0
Bank of America Corp. PFD CV 60505682 3,890 3,400 SH   SOLE   3,400 0 0
Bunge Ltd. PFD CV G16962204 1,590 15,000 SH   SOLE   15,000 0 0
Chesapeake Energy Corp. PFD CV 165167768 3,464 3,100 SH   SOLE   3,100 0 0
Halcon Resources Corp. PFD CV 40537Q407 825 1,000 SH   SOLE   1,000 0 0
Health Care REIT, Inc. PFD CV 42217K601 2,221 40,000 SH   SOLE   40,000 0 0
Huntington Bancshares, Inc. PFD CV 446150401 3,212 2,500 SH   SOLE   2,500 0 0
NY Community Capital Trust V PFD CV 64944P307 2,350 48,000 SH   SOLE   48,000 0 0
Post Holdings, Inc. PFD CV 737446203 2,100 16,600 SH   SOLE   16,600 0 0
Post Holdings, Inc. PFD CV 737446500 1,106 10,000 SH   SOLE   10,000 0 0
Stanley Black & Decker, Inc. PFD CV 854502804 2,157 20,000 SH   SOLE   20,000 0 0
Wells Fargo & Co. PFD CV 949746804 4,106 3,500 SH   SOLE   3,500 0 0
Crown Castle International Co PFD CV 228227500 2,529 25,000 SH   SOLE   25,000 0 0
Dominion Resources, Inc. PFD CV 25746U703 1,438 25,000 SH   SOLE   25,000 0 0
Dominion Resources, Inc. PFD CV 25746U885 1,444 25,000 SH   SOLE   25,000 0 0
Genesee & Wyoming, Inc. PFD CV 371559204 2,574 20,000 SH   SOLE   20,000 0 0
Maiden Holdings, Ltd. PFD CV G5753U203 2,203 45,000 SH   SOLE   45,000 0 0
MetLife, Inc. PFD CV 59156R116 2,002 65,000 SH   SOLE   65,000 0 0
NextEra Energy, Inc. PFD CV 65339F705 947 15,000 SH   SOLE   15,000 0 0
NextEra Energy, Inc. PFD CV 65339F861 1,083 20,000 SH   SOLE   20,000 0 0
NextEra Energy, Inc. PFD CV 65339F887 2,456 40,000 SH   SOLE   40,000 0 0
United Technologies Corp. PFD CV 913017117 5,326 80,000 SH   SOLE   80,000 0 0
Weyerhaeuser Co. PFD CV 962166872 3,274 60,000 SH   SOLE   60,000 0 0
AbbVie Inc. COM 00287Y109 1,285 25,000 SH   SOLE   25,000 0 0
AT&T Inc. COM 00206R102 2,455 70,000 SH   SOLE   70,000 0 0
BlackRock Kelso Capital Corp. COM 92533108 970 105,831 SH   SOLE   105,831 0 0
Bristol Myers Squibb Co. COM 110122108 520 10,000 SH   SOLE   10,000 0 0
Church & Dwight Co., Inc. COM 171340102 1,381 20,000 SH   SOLE   20,000 0 0
Citigroup Inc. COM 172967424 930 19,546 SH   SOLE   19,546 0 0
ConAgra Foods, Inc. COM 205887102 1,396 45,000 SH   SOLE   45,000 0 0
ConocoPhillips COM 20825C104 1,884 26,782 SH   SOLE   26,782 0 0
Eli Lilly & Co. COM 532457108 883 15,000 SH   SOLE   15,000 0 0
EMC Corp. COM 268648102 1,919 70,000 SH   SOLE   70,000 0 0
Ford Motor Co. COM 345370860 1,560 100,000 SH   SOLE   100,000 0 0
General Electric Co. COM 369604103 1,294 50,000 SH   SOLE   50,000 0 0
Halcon Resources Corp. COM 40537Q209 1 136 SH   SOLE   136 0 0
Intel Corp. COM 458140100 774 30,000 SH   SOLE   30,000 0 0
Invesco Mortgage Capital Inc. COM 46131B100 967 58,700 SH   SOLE   58,700 0 0
Kinder Morgan, Inc. COM 49456B101 1,462 45,000 SH   SOLE   45,000 0 0
Merck & Co., Inc. COM 58933Y105 1,854 32,651 SH   SOLE   32,651 0 0
MetLife, Inc. COM 59156R108 1,418 26,855 SH   SOLE   26,855 0 0
Microsoft Corp. COM 594918104 1,172 28,600 SH   SOLE   28,600 0 0
Pfizer Inc. COM 717081103 1,285 40,000 SH   SOLE   40,000 0 0
SBA Communications Corp. COM 78388J106 955 10,500 SH   SOLE   10,500 0 0
Stratasys Ltd. COM M85548101 796 7,500 SH   SOLE   7,500 0 0
Verizon Communications Inc. COM 92343V104 1,677 35,260 SH   SOLE   35,260 0 0
Vodafone Group Plc (ADR) COM 92857W308 1,322 35,909 SH   SOLE   35,909 0 0
Walt Disney Co. COM 254687106 1,201 15,000 SH   SOLE   15,000 0 0
Wells Fargo & Co. COM 949746101 507 10,200 SH   SOLE   10,200 0 0