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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
BK OF AMERICA CORP 7.25%CNV PFD L 060505682 20,993 17,897 SH   SOLE   17,897 0 0
BLACKROCK CR ALLOCATION INCO COM 092508100 6,899 723,135 SH   SOLE   723,135 0 0
HANCOCK JOHN PFD INCOME FD I COM 41021P103 9,690 646,421 SH   SOLE   646,421 0 0
INVESCO EXCH TRADED FD TR II PFD ETF 46138E511 11,823 995,214 SH   SOLE   995,214 0 0
INVESCO EXCH TRADED FD TR II VAR RATE PFD 46138G870 1,702 77,708 SH   SOLE   77,708 0 0
ISHARES TR PFD AND INCM SEC 464288687 705 22,245 SH   SOLE   22,245 0 0
WELLS FARGO CO NEW PERP PFD CNV A 949746804 1,767 1,468 SH   DFND 1 1,468 0 0
WELLS FARGO CO NEW PERP PFD CNV A 949746804 71,136 59,083 SH   SOLE   59,083 0 0