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
ACTAVIS PLC USD0.0001 COM g0083b108 39,881 134,000 SH   SOLE   134,000 0 0
AIR LEASE CORPORATION CL A COM 00912x302 35,661 944,900 SH   SOLE   930,000 0 14,900
ALLIANCE HLDGS GP LP COM UNITS COM 01861g100 13,739 265,800 SH   SOLE   258,000 0 7,800
ALLIANCE RESOURCE PARTNERSL P COM 01877r108 8,411 251,600 SH   SOLE   251,600 0 0
AMERICAN AIRLINES GROUPINC COM COM 02376r102 5,278 100,000 SH   SOLE   100,000 0 0
APPLIED MINERALS INC COM COM 03823m100 490 700,000 SH   SOLE   700,000 0 0
APPLIED OPTOELECTRONICSINC COM COM 03823u102 5,552 400,000 SH   SOLE   400,000 0 0
ASSURED GUARANTY LTD COMUSD0.0 COM g0585r106 211 8,000 SH   SOLE   0 0 8,000
ATLAS ENERGY GROUP LLCCOM COM 04929q102 754 125,500 SH   SOLE   125,500 0 0
BARNES &NOBLE INC COM ISIN#US0 COM 067774109 16,863 710,000 SH   SOLE   710,000 0 0
CHINA CERAMICS CO LTDCOM USD0. COM g2113x100 41 35,000 SH   SOLE   35,000 0 0
COSTAMARE INC COM USD0.0001 COM y1771g102 12,552 712,800 SH   SOLE   712,800 0 0
CUMULUS MEDIA INC CL A ISIN#US COM 231082108 10,631 4,304,000 SH   SOLE   4,160,000 0 144,000
CVSL INC COM USD0.0001 ISIN#US COM 12665t206 47 20,000 SH   SOLE   20,000 0 0
DELTA AIR LINES INC DELCOM NEW COM 247361702 8,992 200,000 SH   SOLE   200,000 0 0
DICKS SPORTING GOODS INCCOM IS COM 253393102 1,710 30,000 SH   SOLE   30,000 0 0
ELLINGTON FINL LLC COM COM 288522303 1,991 100,000 SH   SOLE   100,000 0 0
ENLINK MIDSTREAM PARTNERSLP CO COM 29336u107 495 20,000 SH   SOLE   20,000 0 0
EVEREST RE GROUP LTD COM ISIN# COM g3223r108 5,220 30,000 SH   SOLE   30,000 0 0
FCB FINL HLDGS INC CLA ISIN#US COM 30255g103 547 20,000 SH   SOLE   20,000 0 0
GENESIS ENERGY L P UNITL P INT COM 371927104 14,523 309,000 SH   SOLE   289,000 0 20,000
GILEAD SCIENCES INC COM 375558103 29,439 300,000 SH   SOLE   300,000 0 0
HEALTHSOUTH CORP COMNEW COM 421924309 3,105 70,000 SH   SOLE   70,000 0 0
HEMISPHERE MEDIA GROUPINC CL A COM 42365q103 417 33,000 SH   SOLE   33,000 0 0
HI-CRUSH PARTNERS LP COMUNIT L COM 428337109 7,543 215,079 SH   SOLE   215,079 0 0
INTEROIL CORP COM NPV COM 460951106 7,013 152,000 SH   SOLE   152,000 0 0
KINDER MORGAN INC DELAWARECOM COM 49456b101 33,993 808,211 SH   SOLE   808,211 0 0
LIBERTY BROADBAND CORPCOM C COM 530307305 2,123 37,500 SH   SOLE   37,500 0 0
LIBERTY BROADBAND CORPCOM A COM 530307107 1,059 18,750 SH   SOLE   18,750 0 0
LIBERTY MEDIA CORP DELAWARE C COM 531229300 5,730 150,000 SH   SOLE   150,000 0 0
LIBERTY MEDIA CORPORATIONCOM A COM 531229102 2,891 75,000 SH   SOLE   75,000 0 0
LIQTECH INTERNATIONAL INC COM 53632a102 242 360,000 SH   SOLE   360,000 0 0
LIVE NATION ENTERTAINMENTINC C COM 538034109 2,523 100,000 SH   SOLE   100,000 0 0
LUMINEX CORP DEL COM ISIN#US55 COM 55027e102 1,600 100,000 SH   SOLE   100,000 0 0
MACQUARIE INFRASTRUCTURECO LLC COM 55608b105 82,266 999,703 SH   SOLE   999,703 0 0
MAGELLAN MIDSTREAM PARTNERSLP COM 559080106 33,342 434,650 SH   SOLE   434,650 0 0
MAXWELL TECH INC COM 577767106 2,015 250,000 SH   SOLE   250,000 0 0
MCDERMOTT INTERNATIONALINC COM COM 580037109 6,528 1,700,000 SH   SOLE   1,700,000 0 0
NAVIOS MARITIME ACQUISITIONCOR COM y62159101 740 209,000 SH   SOLE   205,000 0 4,000
NAVIOS MARITIME HOLDINGSINC CO COM y62196103 3,821 914,200 SH   SOLE   913,000 0 1,200
NORTHSTAR ASSET MGMT GROUPINC COM 66705y104 14,156 606,500 SH   SOLE   606,500 0 0
NORTHSTAR RLTY FIN CORPCOM NEW COM 66704r704 10,990 606,500 SH   SOLE   606,500 0 0
NUSTAR GP HLDGS LLC UNITRESTG COM 67059l102 4,496 127,000 SH   SOLE   127,000 0 0
OCI PARTNERS LP COM UNITREPSTG COM 67091n108 4,664 288,638 SH   SOLE   288,638 0 0
OUTERWALL INC COM ISIN#US69007 COM 690070107 13,555 205,000 SH   SOLE   205,000 0 0
OXFORD LANE CAP CORP ISIN#US69 COM 691543102 11,999 809,618 SH   SOLE   765,810 0 43,808
PROSPECT CAP CORP COM 74348t102 8,509 1,007,000 SH   SOLE   875,000 0 132,000
RENTECH INC COM ISIN#US7601121 COM 760112102 336 300,000 SH   SOLE   300,000 0 0
RYMAN HOSPITALITY PPTYSINC COM COM 78377t107 22,257 365,400 SH   SOLE   355,000 0 10,400
SCORPIO TANKERS INC SHS ISIN#M COM y7542c106 13,499 1,433,000 SH   SOLE   1,407,000 0 26,000
SINCLAIR BROADCAST GROUPINC CL COM 829226109 21,528 685,400 SH   SOLE   673,100 0 12,300
STATE NATL COS INC COM COM 85711t305 1,990 200,000 SH   SOLE   200,000 0 0
SUNOPTA INC COM 8676ep108 848 80,000 SH   SOLE   80,000 0 0
TANGOE INC COM 87582y108 6,182 448,000 SH   SOLE   448,000 0 0
TARGA RES CORP COM COM 87612g101 1,083 11,305 SH   SOLE   11,305 0 0
TICC CAP CORP COM COM 87244t109 2,768 400,000 SH   SOLE   300,000 0 100,000
TWO HBRS INVT CORP COM 90187b101 4,900 461,400 SH   SOLE   431,400 0 30,000
UNITED CMNTY FINL CORPOHIO COM COM 909839102 708 129,757 SH   SOLE   129,757 0 0
WILLIAMS PARTNERS L PNEW COM U COM 96949l105 640 13,000 SH   SOLE   13,000 0 0
WMI HLDGS CORP COM COM 92936p100 792 360,000 SH   SOLE   360,000 0 0
YAHOO INC COM 984332106 24,439 550,000 SH   SOLE   550,000 0 0