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
ALLERGAN INC COM 018490102 558 4,500 SH   SOLE   4,500 0 0
AMERICAN INTL GROUP INC COM NEW 026874784 23,305 468,192 SH   SOLE   462,762 0 5,430
BABCOX AND WILCOX CO NEW COM 05615F102 1,665 50,142 SH   SOLE   50,142 0 0
BAKER HUGHES INC COM 057224107 429 6,600 SH   SOLE   6,600 0 0
BANK OF AMERICA CORPORATION COM 060505104 23,932 1,403,799 SH   SOLE   1,389,099 0 14,700
BANK OF AMERICA CORPORATION *W EXP 01/16/201 060505146 82 10,000 SH   SOLE   10,000 0 0
BANK OF AMERICA CORPORATION *W EXP 10/28/201 060505153 82 91,200 SH   SOLE   91,200 0 0
BLYTH INC COM NEW 09643P207 1,362 126,970 SH   SOLE   126,970 0 0
BP PLC SPONSORED ADR 055622104 17,053 356,240 SH   SOLE   351,900 0 4,340
BROOKFIELD MTG OPP INC FD IN COM 112792106 208 12,350 SH   SOLE   12,350 0 0
CAREFUSION CORP COM 14170T101 374 9,300 SH   SOLE   9,300 0 0
CHESAPEAKE ENERGY CORP COM 165167107 19,421 761,740 SH   SOLE   752,330 0 9,410
CONOCOPHILLIPS COM 20825C104 247 3,510 SH   SOLE   3,510 0 0
EATON VANCE NATL MUN OPPORT COM SHS 27829L105 207 10,700 SH   SOLE   10,700 0 0
EBIX INC COM NEW 278715206 27,292 1,606,160 SH   SOLE   1,588,310 0 17,850
EXELIS INC COM 30162A108 21,470 1,134,211 SH   SOLE   1,122,181 0 12,030
FIRST AMERN FINL CORP COM 31847R102 2,455 92,460 SH   SOLE   92,460 0 0
GANNETT INC COM 364730101 1,297 47,000 SH   SOLE   47,000 0 0
GENERAL ELECTRIC CO COM 369604103 18,549 719,653 SH   SOLE   711,353 0 8,300
GETTY RLTY CORP NEW COM 374297109 11,505 612,105 SH   SOLE   605,815 0 6,290
BLOCK H AND R INC COM 093671105 10,638 355,250 SH   SOLE   350,180 0 5,070
HARVARD BIOSCIENCE INC COM 416906105 1,248 263,321 SH   SOLE   263,321 0 0
HOWARD HUGHES CORP COM 44267D107 3,383 23,703 SH   SOLE   23,703 0 0
KCG HLDGS INC CL A 48244B100 462 38,743 SH   SOLE   38,743 0 0
LAYNE CHRISTENSEN CO COM 521050104 911 50,071 SH   SOLE   50,071 0 0
LEIDOS HLDGS INC COM 525327102 10,794 306,444 SH   SOLE   303,197 0 3,247
MBIA INC COM 55262C100 1,642 117,369 SH   SOLE   117,369 0 0
MGIC INVT CORP WIS COM 552848103 1,470 172,506 SH   SOLE   172,506 0 0
MIDWAY GOLD CORP COM 598153104 223 212,100 SH   SOLE   212,100 0 0
MORGAN STANLEY EMER MKTS DEB COM 61744H105 244 24,600 SH   SOLE   24,600 0 0
MOTOROLA SOLUTIONS INC COM NEW 620076307 18,662 291,677 SH   SOLE   288,282 0 3,395
NEW YORK TIMES CO CL A 650111107 2,520 147,176 SH   SOLE   147,176 0 0
NEWMONT MINING CORP COM 651639106 12,943 554,525 SH   SOLE   549,475 0 5,050
OLD REP INTL CORP COM 680223104 23,287 1,425,830 SH   SOLE   1,411,030 0 14,800
PENGROWTH ENERGY CORP COM 70706P104 15,123 2,498,390 SH   SOLE   2,468,590 0 29,800
POPULAR INC COM NEW 733174700 1,472 47,493 SH   SOLE   47,493 0 0
POST HLDGS INC COM 737446104 2,297 41,670 SH   SOLE   41,670 0 0
QUALITY SYS INC COM 747582104 975 57,786 SH   SOLE   57,786 0 0
SANOFI RIGHT 12/31/2020 80105N113 23 74,700 SH   SOLE   74,700 0 0
SCIENCE APPLICATNS INTL CP N COM 808625107 6,650 178,588 SH   SOLE   176,737 0 1,851
SEALED AIR CORP NEW COM 81211K100 21,666 661,997 SH   SOLE   654,987 0 7,010
SEARS HLDGS CORP COM 812350106 20,030 421,210 SH   SOLE   416,750 0 4,460
SILVER BAY RLTY TR CORP COM 82735Q102 12,312 796,805 SH   SOLE   788,175 0 8,630
TURKCELL ILETISIM HIZMETLERI SPON ADR NEW 900111204 21,040 1,535,100 SH   SOLE   1,517,450 0 17,650
WESTERN ASSET CLYM INFL OPP COM 95766R104 208 17,900 SH   SOLE   17,900 0 0