ABBVIE COM 00287Y109 208 3100 SH SOLE 0 0 3100 AFLAC COM 001055102 124 2000 SH SOLE 0 0 2000 ALLERGAN PLC COM G0177J108 325 1073 SH SOLE 0 0 1073 ALLERGAN PFD G0177J116 8046 7695 SH SOLE 2300 0 5395 AMERICAN RLTY COM 02917T104 817 100500 SH SOLE 0 0 100500 AMERICAN RLTY DEB 02917TAA2 2595 2777000 PRN SOLE 0 0 2777000 APACHE CORP COM 037411105 403 7000 SH SOLE 0 0 7000 APPLE INC COM 037833100 6855 54656 SH SOLE 43000 0 11656 ARCELMORMITTAL PFD L0302D178 2123 136044 SH SOLE 8000 0 128044 ARES CAPITAL DEB 04010LAJ2 3052 2985000 PRN SOLE 0 0 2985000 ASCENT CAPITAL DEB 043632AA6 1903 2300000 PRN SOLE 2300000 0 0 ASHFORD HOSPITALITY COM 044103109 207 24500 SH SOLE 0 0 24500 BANK OF AMERICA COM 060505104 119 7000 SH SOLE 0 0 7000 BB&T CORP COM 054937107 443 11000 SH SOLE 0 0 11000 CARRIAGE SERVICES DEB 143905AM9 4190 3510000 PRN SOLE 1505000 0 2005000 CHESAPEAKE ENGY DEB 165167CA3 737 765000 PRN SOLE 0 0 765000 CHESAPEAKE ENGY COM 165167107 408 36499 SH SOLE 19999 0 16500 CHEVRON COM 166764100 458 4750 SH SOLE 0 0 4750 CITIGROUP COM 172967424 136 2455 SH SOLE 0 0 2455 CITRIX SYSTEMS DEB 177376AD2 106 100000 PRN SOLE 0 0 100000 CROWN CASTLE PFD 22822V200 10939 106238 SH SOLE 34430 0 71808 DIAMOND OFFSHORE COM 25271C102 258 10000 SH SOLE 0 0 10000 ENSCO PLC COM G3157S106 556 25000 SH SOLE 0 0 25000 ENVESTNET DEB 29404KAA4 1131 1165000 PRN SOLE 350000 0 815000 EPR PROPERTIES PFD 26884U208 4198 182752 SH SOLE 182752 0 0 EXELIXIS COM 30161Q104 339 90300 SH SOLE 0 0 90300 EXELIXIS DEB 30161QAC8 5297 5990000 PRN SOLE 2030000 0 3960000 EXELON CORP PFD 30161N127 883 19467 SH SOLE 3000 0 16467 EXXON MOBIL COM 30231G102 267 3215 SH SOLE 0 0 3215 FIFTH THIRD BANK COM 316773100 291 14000 SH SOLE 0 0 14000 FORD MOTOR COM 345370860 5083 338673 SH SOLE 152500 0 186173 FREEPORT MCMORAN COM 35671D857 154 8300 SH SOLE 0 0 8300 GAMESTOP COM 36467W109 644 15000 SH SOLE 0 0 15000 GENERAL CABLE COM 369300108 103 5218 SH SOLE 0 0 5218 GENERAL ELECTRIC COM 369604103 195 7344 SH SOLE 0 0 7344 GENERAL MOTORS COM 30745V100 6816 204507 SH SOLE 54312 0 150195 GOODRICH PETRO COM 382410405 125 67500 SH SOLE 0 0 67500 GOODYEAR TIRE COM 382550101 5719 189703 SH SOLE 70000 0 119703 HEALTHCARE REIT PFD 42217K601 1866 31396 SH SOLE 31396 0 0 HCI GROUP DEB 40416EAB9 5520 5636000 PRN SOLE 156000 0 5480000 HCI GROUP COM 40416E103 9324 210906 SH SOLE 142000 0 68906 INVESCO TR INVT COM 46131M106 881 65500 SH SOLE 0 0 65500 J2 GLOBAL DEB 48123VAC6 881 760000 PRN SOLE 100000 0 660000 JEFFERIES GROUP DEB 472319AG7 1281 1255000 PRN SOLE 0 0 1255000 JETBLUE AIRWAYS COM 477143101 207 10000 SH SOLE 0 0 10000 KOHLS GROUP COM 500255104 541 8650 SH SOLE 0 0 8650 LEGGETT & PLATT COM 524660107 149 3065 SH SOLE 0 0 3065 LEXINGTON PTY COM 529043101 14450 1704053 SH SOLE 467500 0 1236553 LEXINGTON PTY PFD 529043309 7066 148041 SH SOLE 33100 0 114941 LYONDELLBASELL COM N53745100 631 6100 SH SOLE 0 0 6100 MACQUARIE INFRA DEB 55608BAA3 489 415000 PRN SOLE 0 0 415000 MERCK COM 58933Y105 4893 85949 SH SOLE 11000 0 74949 METLIFE COM 59156R108 9318 166427 SH SOLE 50000 0 116427 NATIONAL HEALTH DEB 63633DAE4 9247 9370000 PRN SOLE 2900000 0 6470000 NATL OILWELL COM 637071101 3596 74480 SH SOLE 40000 0 34480 NEWMONT MINE COM 651639106 303 13000 SH SOLE 0 0 13000 NEWMONT MINE DEB 651639AJ5 116 115000 PRN SOLE 0 0 115000 NICHOLAS FIN COM 65373J209 172 13500 SH SOLE 0 0 13500 NOBLE CORP. COM G65431101 400 26000 SH SOLE 0 0 26000 NY COMM BANC COM 649445103 2398 130500 SH SOLE 0 0 130500 NY COMM BANC PFD 64944P307 3062 59866 SH SOLE 7000 0 52866 OLD REPUBLIC COM 680223104 3949 252700 SH SOLE 250000 0 2700 OLD REPUBLIC DEB 680223AH7 335 284000 PRN SOLE 0 0 284000 OXBRIDGE COM G6856M106 365 60427 PRN SOLE 60427 0 0 PFIZER COM 717081103 1039 31000 SH SOLE 0 0 31000 PRAXAIR COM 74005P104 105 880 SH SOLE 0 0 880 PROSHARES COM 74743B201 118 2375 SH SOLE 0 0 2375 PRUDENTIAL FINL COM 744320102 875 10000 SH SOLE 0 0 10000 RAMCO GERSHNSN PFD 751452608 7978 133947 SH SOLE 92727 0 41220 ROYAL GOLD DEB 780287AA6 4244 4146000 PRN SOLE 325000 0 3821000 RTI INTERNATIONAL DEB 74973WAB3 965 890000 PRN SOLE 95000 0 795000 SANDRIDGE COM 80007P307 113 129485 SH SOLE 0 0 129485 SANOFI SPONSOR COM 80105N105 10022 202352 SH SOLE 66100 0 136252 SEAGATE TECH COM G7945M107 261 5500 SH SOLE 0 0 5500 SHIP FINANCE DEB G81075AE6 9714 9148000 PRN SOLE 3705000 0 5443000 SHIP FINANCE COM G81075106 223 13700 SH SOLE 0 0 13700 SPIRIT REALTY DEB 84860WAB8 545 585000 PRN SOLE 0 0 585000 SPIRIT REALTY DEB 84860WAA0 10570 11215000 PRN SOLE 3780000 0 7435000 SWISS HELVETIA COM 870875101 1226 108273 SH SOLE 0 0 108273 SYNOVUS FINL COM 87161C105 416 13500 SH SOLE 0 0 13500 SYNTA PHARM COM 87162T206 161 72500 SH SOLE 0 0 72500 TOLL BROS DEB 88947EAM2 612 590000 PRN SOLE 0 0 590000 TTM TECH DEB 87305RAD1 5482 4708000 PRN SOLE 1200000 0 3508000 TYSON FOODS PFD 902494301 5443 105675 SH SOLE 33600 0 72075 VERIZON COM 92343V104 2821 60532 SH SOLE 17000 0 43532 WESTERN UNION COM 959802109 691 34000 SH SOLE 0 0 34000 CAPITAL ONE WTS 14040H139 2300 50000 SH SOLE 50000 0 0 GENERAL MOTORS WTS 37045V126 1119 70200 SH SOLE 70200 0 0 JPMORGAN CHASE WTS 46634E114 2153 87000 SH SOLE 57000 0 30000 XEROX CORP COM 984121103 133 12500 SH SOLE 0 0 12500