Managing Director

0000891092-15-010714.txt : 20151217 0000891092-15-010714.hdr.sgml : 20151217 20151217091907 ACCESSION NUMBER: 0000891092-15-010714 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20150930 FILED AS OF DATE: 20151217 DATE AS OF CHANGE: 20151217 EFFECTIVENESS DATE: 20151217 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Crow Point Partners, LLC CENTRAL INDEX KEY: 0001384305 IRS NUMBER: 205509493 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-12447 FILM NUMBER: 151292376 BUSINESS ADDRESS: STREET 1: 10 NEW DRIFTWAY STREET 2: SUITE 203 CITY: SCITUATE STATE: MA ZIP: 02066-4546 BUSINESS PHONE: 781-545-5900 MAIL ADDRESS: STREET 1: 10 NEW DRIFTWAY STREET 2: SUITE 203 CITY: SCITUATE STATE: MA ZIP: 02066-4546 13F-HR 1 primary_doc.xml 13F-HR LIVE false false false 0001384305 XXXXXXXX 09-30-2015 09-30-2015 false Crow Point Partners, LLC

10 New Driftway Suite 203 Scituate MA 02066-4546

13F HOLDINGS REPORT 028-12447 N Peter DeCaprio Managing Director 781-875-3185 /s/ Peter DeCaprio Hingham MA 12-16-2015 0 289 676655 INFORMATION TABLE 2 infotable.xml BreitBurn Energy Partners L.P. Series A 8.25% Preferreds BBEP.PRA-USA Equity Preference 106776115 1659 185000 SH SOLE 0 0 185000 CMS ENERGY CORP COM CMS Equity 125896100 22252 630000 SH SOLE 0 0 630000 CNOOC Limited Sponsored ADR CEO Equity 126132109 18 170 SH SOLE 170 0 0 CSG Systems International Inc. CSGS Equity 126349109 420 13630 SH SOLE 13630 0 0 CSX CORP CSX Equity 126408103 28 1045 SH SOLE 1045 0 0 CVS CAREMARK CORPORATION COM CVS Equity 126650100 568 5890 SH SOLE 5890 0 0 Cato Corporation Class A CATO Equity 149205106 322 9473 SH SOLE 9473 0 0 CENTURYTEL INC COM CTL Equity 156700106 250 9955 SH SOLE 9955 0 0 CHESAPEAKE UTILITIES CORP CPK Equity 165303108 16 300 SH SOLE 0 0 300 CHEVRON CORP NEW COM CVX Equity 166764100 275 3490 SH SOLE 3490 0 0 COMMERCIAL METALS CO CMC Equity 201723103 221 16340 SH SOLE 16340 0 0 CONNECTICUT LT + PWR CO PFD SER 1967 5.28P CNTHO-USA Equity Preference 207597782 607 12000 SH SOLE 0 0 12000 CONSOLIDATED COMM HLDGS INC COM CNSL Equity 209034107 71 3710 SH SOLE 3710 0 0 Convergys Corp CVG Equity 212485106 1156 50000 SH SOLE 0 0 50000 DST SYS INC DEL COM DST Equity 233326107 425 4045 SH SOLE 4045 0 0 DTE Energy Co 6.50% (DTZ) DTZ-USA Equity Preference 233331602 49 1900 SH SOLE 0 0 1900 DTE 5.25% (DTQ) DTQ-USA Equity Preference 233331701 1863 78265 SH SOLE 0 0 78265 DARDEN RESTAURANTS INC DRI Equity 237194105 308 4490 SH SOLE 4490 0 0 DEERE & CO DE Equity 244199105 31 420 SH SOLE 420 0 0 DOMTAR CORP UFS Equity 257559203 278 7788 SH SOLE 7788 0 0 RR DONNELLEY & SONS CO RRD Equity 257867101 88 6072 SH SOLE 6072 0 0 EDISON INTL COM EIX Equity 281020107 25859 410000 SH SOLE 0 0 410000 ELECTRONIC ARTS INC EA Equity 285512109 437 6451 SH SOLE 6451 0 0 ENTGY LA (ELUOP) 6.95% Pfd. ELUOP-USA Equity Preference 293649307 2110 21050 SH SOLE 0 0 21050 FOOT LOCKER INC FL Equity 344849104 383 5320 SH SOLE 5320 0 0 FORD MOTOR CO F Equity 345370860 71 5198 SH SOLE 5198 0 0 GILEAD SCIENCES INC COM GILD Equity 375558103 386 3930 SH SOLE 3930 0 0 GREAT PLAINS ENERGY INC COM GXP Equity 391164100 10837 401057 SH SOLE 26057 0 375000 HEWLETT-PACKARD CO COM HPQ Equity 428236103 306 11932 SH SOLE 11932 0 0 Huaneng Power International Inc HNP Equity 443304100 246 5820 SH SOLE 5820 0 0 HUNTSMAN CORP HUN Equity 447011107 125 12888 SH SOLE 12888 0 0 Iberdrola SA Sponsored ADR IBDRY Equity ADR 450737101 23 860 SH SOLE 860 0 0 Idacorp Inc IDA Equity 451107106 6471 100000 SH SOLE 0 0 100000 INDIANAPOLIS PWR + LT CO PFD PCT IPWLK-USA Equity Preference 455434878 2888 28811 SH SOLE 0 0 28811 INTL BUSINESS MACHINES CORP IBM Equity 459200101 30 205 SH SOLE 205 0 0 ITC HLDGS CORP COM ITC Equity 465685105 6668 200000 SH SOLE 0 0 200000 Itochu Corporation Unsponsored ADR ITOCY Equity ADR 465717106 16 775 SH SOLE 775 0 0 Jernigan Capital Inc. JCAP Equity 476405105 6984 400000 SH SOLE 0 0 400000 JOHNSON & JOHNSON COM JNJ Equity 478160104 348 3728 SH SOLE 3728 0 0 JPMorgan Chase & Co DepShs Series W JPMPP Equity Preference 481246700 106 4300 SH SOLE 4300 0 0 Korea Electric Power Corporation Sponsored ADR KEP Equity 500631106 408 19915 SH SOLE 19915 0 0 Legacy Reserves LP Cum Red Perp Pfd Units Series A LGCYP-USA Equity Preference 524707403 282 29500 SH SOLE 0 0 29500 Legacy Reserves LP Cum Red Perp Pfd Units Series B LGCYO-USA Equity Preference 524707502 923 100000 SH SOLE 0 0 100000 ELI LILLY & CO LLY Equity 532457108 403 4810 SH SOLE 4810 0 0 LOCKHEED MARTIN CORP COM LMT Equity 539830109 127 615 SH SOLE 615 0 0 MDU RESOURCES GROUP INC MDU Equity 552690109 9 500 SH SOLE 0 0 500 MEDTRONIC INC COM MDT Equity 585055106 36 545 SH SOLE 545 0 0 MERCK & CO INC COM MRK Equity 589331107 352 7120 SH SOLE 7120 0 0 NN Inc. NNBR Equity 629337106 3238 175000 SH SOLE 0 0 175000 National CineMedia Inc. NCMI Equity 635309107 337 25140 SH SOLE 25140 0 0 NATIONAL FUEL GAS CO NFG Equity 636180101 12495 250000 SH SOLE 0 0 250000 NEW JERSEY RESOURCES CORP NJR Equity 646025106 12 400 SH SOLE 0 0 400 NORTHROP GRUMMAN CORP NOC Equity 666807102 543 3272 SH SOLE 3272 0 0 NorthWestern Corp NWE Equity 668074305 5513 102411 SH SOLE 0 0 102411 NUCOR CORP COM NUE Equity 670346105 242 6440 SH SOLE 6440 0 0 Lukoil Co LUKOY Equity 677862104 420 12330 SH SOLE 12330 0 0 Omega Healthcare Investors Inc OHI Equity 681936100 322 9150 SH SOLE 9150 0 0 PacWest Bancorp Equity 695263103 200 200000 SH SOLE 0 0 200000 PEPCO HOLDINGS INC COM POM Equity 713291102 2 100 SH SOLE 0 0 100 PRUDENTIAL FINL INC COM PRU Equity 744320102 521 6830 SH SOLE 6830 0 0 PUBLIC SVC ENTERPRISE GROUP COM PEG Equity 744573106 11294 267895 SH SOLE 17895 0 250000 Quad/Graphics Inc. Class A QUAD Equity 747301109 258 21325 SH SOLE 21325 0 0 REYNOLDS AMERICAN INC RAI Equity 761713106 147 3319 SH SOLE 3319 0 0 Schwab 6% PFD 12/31/49 808513402 Equity Preference 808513402 101 4000 SH SOLE 4000 0 0 SCOTTS MIRACLE-GRO CO-CL A SMG Equity 810186106 93 1530 SH SOLE 1530 0 0 SEMPRA ENERGY COM SRE Equity 816851109 21269 219900 SH SOLE 0 0 219900 Siliconware Precision Industries Co. Ltd. Sponsored ADR SPIL Equity 827084864 356 56590 SH SOLE 56590 0 0 Sociedad Quimica Y Minera De Chile S.A. Sponsored ADR Pfd Cl SQM Equity 833635105 272 18700 SH SOLE 18700 0 0 SOUTH JERSEY INDUSTRIES SJI Equity 838518108 10 400 SH SOLE 0 0 400 SOUTHWEST AIRLINES CO LUV Equity 844741108 297 7810 SH SOLE 7810 0 0 Spark Energy Inc. Class A SPKE Equity 846511103 2172 131260 SH SOLE 5260 0 126000 SPECTRA ENERGY CORP COM SE Equity 847560109 1970 75000 SH SOLE 0 0 75000 STEEL DYNAMICS INC STLD Equity 858119100 346 20141 SH SOLE 20141 0 0 Summit Hotel Properties Inc INN Equity 866082100 4643 397833 SH SOLE 0 0 397833 TECO ENERGY INC TE Equity 872375100 1313 50000 SH SOLE 0 0 50000 Taiwan Semiconductor Manfctrng Cmpny Ltd TSM Equity 874039100 373 17996 SH SOLE 17996 0 0 Teva Pharmaceutical Industries Limited Sponsored ADR TEVA Equity 881624209 399 7388 SH SOLE 7388 0 0 TRAVELCTRS OF AMER (TANN) 8.25% Sr. Notes 894174200 Equity Preference 894174200 3261 125000 SH SOLE 0 0 125000 TravelCenters of America LLC 8.0% 15-OCT-2030 894174408 Equity Preference 894174408 28 28000 SH SOLE 3000 0 25000 TYSON FOODS INC-CL A TSN Equity 902494103 496 11504 SH SOLE 11504 0 0 UNITED STATES CELLULAR CORP COM USM Equity 911684108 5749 162252 SH SOLE 12252 0 150000 United States Cellular Corporation 7.25% 01-DEC-2063 UZB TDS4189939-OTC Equity Preference 911684504 4115 162507 SH SOLE 0 0 162507 Universal Corporation UVV Equity 913456109 348 7030 SH SOLE 7030 0 0 WESTERN REFINING INC WNR Equity 959319104 478 10834 SH SOLE 10834 0 0 WESTERN UNION CO WU Equity 959802109 256 13952 SH SOLE 13952 0 0 Wheeler Real Estate Investment Trust, Inc. WHLR Equity 963025101 9500 5000000 SH SOLE 0 0 5000000 WILLIAMS COS INC DEL COM WMB Equity 969457100 13635 370000 SH SOLE 0 0 370000 ACA Master Select Fund LP ACAMSF-USA Equity Mutual Fund/Load 755144619 0 1 SH SOLE 1 0 0 Ag Mortgage Investment Trust Inc MITT Equity 001228105 304 20000 SH SOLE 0 0 20000 AG Mtge 8.00% Ser. B MITT PRB Equity Preference 001228303 160 6530 SH SOLE 6530 0 0 AT&T INC COM T Equity 00206R102 4887 150000 SH SOLE 0 0 150000 Au Optronics Corp. Sponsored ADR AUO Equity 002255107 229 77390 SH SOLE 77390 0 0 ACE 2006-SD1 A1B 004421XV0 Corporate Bond 004421XV0 28 2820000 PRN SOLE 2820000 0 0 AETNA INC NEW COM AET Equity 00817Y108 559 5106 SH SOLE 5106 0 0 ALABAMA POWER CUM PFD 6.45% ALBMP-USA Equity Preference 010392488 1308 50000 SH SOLE 0 0 50000 ALLETE Inc. ALE Equity 018522300 505 10000 SH SOLE 0 0 10000 ALLIANT ENERGY CORP LNT Equity 018802108 17781 304000 SH SOLE 0 0 304000 Alteva Inc. ALTV Equity 02153V102 441 100000 SH SOLE 0 0 100000 AMERESCO INC-CL A AMRC Equity 02361E108 1029 175000 SH SOLE 0 0 175000 AMERICAN ELEC PWR INC COM AEP Equity 025537101 16322 287054 SH SOLE 12054 0 275000 AMERICAN WTR WKS CO INC NEW COM AWK Equity 030420103 13770 250000 SH SOLE 0 0 250000 AMSI 2003-11 AF6 03072SLU7 Corporate Bond 03072SLU7 1 75000 PRN SOLE 75000 0 0 AMGEN INC AMGN Equity 031162100 491 3547 SH SOLE 3547 0 0 AmTrust Financial Services Inc. 7.5% 032359853 Equity Preference 032359853 628 25000 SH SOLE 0 0 25000 AmTrust Financial Services Inc AFSI4258392-OTC Equity 032359861 621 25000 SH SOLE 0 0 25000 ANNALY 7.50 %) PFD NLY PRD Equity Preference 035710805 128 5330 SH SOLE 5330 0 0 Anthem Inc ANTM Equity 036752103 519 3707 SH SOLE 3707 0 0 APPLE INC COM AAPL Equity 037833100 379 3440 SH SOLE 3440 0 0 ARCHER-DANIELS-MIDLAND CO ADM Equity 039483102 78 1880 SH SOLE 1880 0 0 Arlington Asset Investment? 6.625% AIW-USA Equity Preference 041356304 2560 110000 SH SOLE 0 0 110000 Arlington Asset Investment Corp 6 3/4 % Notes 2015-15.3.25 S AIC-USA Equity Preference 041356502 24 24000 SH SOLE 4000 0 20000 Ashford Hospitality Prime Inc. AHP Equity 044102101 4238 302100 SH SOLE 0 0 302100 Ashford Hospitality Trust Inc AHT Equity 044103109 7320 1200000 SH SOLE 0 0 1200000 Ashford Hospitality Trust Inc AHT PRD Equity Preference 044103406 180 7030 SH SOLE 7030 0 0 BCE INC COM NEW BCE Equity 05534B760 655 16000 SH SOLE 0 0 16000 Baltimore Gas & Electric Co 6.70 % Cum.Red.Pfd Shs Series -1 BGLEN-USA Equity Preference 059165688 20 20100 SH SOLE 0 0 20100 Baltimore Gas & Electric Co 6.97 % Cum.Red.Pfd Shs Series -1 BGLEH-USA Equity Preference 059165696 50 50165 SH SOLE 0 0 50165 Baltimore Gas & Electric Co 6.99% Cum.Pfd Shs Series -1995- BGLEP-USA Equity Preference 059165761 31 31310 SH SOLE 0 0 31310 BAYV 2004-A A 073249BT0 Corporate Bond 073249BT0 33 3260000 PRN SOLE 3260000 0 0 BSABS 2005-SD2 2A1 Mtge 073877BQ4 Corporate Bond 073877BQ4 5 540000 PRN SOLE 540000 0 0 Blackhawk Network Holdings Inc Class A HAWK Equity 09238E104 383 9030 SH SOLE 9030 0 0 BHILL 2013-1A D 3.78729% 01/15/26 095560AN8 Corporate Bond 095560AN8 975 1000000 PRN SOLE 1000000 0 0 BOEING CO COM BA Equity 097023105 455 3474 SH SOLE 3474 0 0 BreitBurn Energy Partners L.P. 8.625% 15-OCT-2020 BBEP.AC-OTC Corporate Bond 106777AB1 2872 5680000 PRN SOLE 0 0 5680000 Capstead Mortgage Corporation CMO Equity 14067E506 35 3500 SH SOLE 3500 0 0 CareTrust REIT Inc CTRE Equity 14174T107 2844 250532 SH SOLE 0 0 250532 CARL 2007-10A A2A 0.4516% 04/19/22 14309DAB6 Corporate Bond 14309DAB6 479 485792 PRN SOLE 485792 0 0 CNC CNC Equity 15135B101 403 7430 SH SOLE 7430 0 0 CENTERPOINT ENERGY INC COM CNP Equity 15189T107 5412 300000 SH SOLE 0 0 300000 CHATHAM LODGING CLDT Equity 16208T102 26850 1250000 SH SOLE 0 0 1250000 CINEMARK USA TERM LOAN 12/18/19 TRANCHE B BBG003P9TKN5 BankDebt 172442AM7 0 1263 PRN SOLE 1263 0 0 COLONY FINANCIAL INC CLNY Equity 19624R106 319 16305 SH SOLE 16305 0 0 COMCAST CORP NEW CL A CMCSA Equity 20030N101 12856 226020 SH SOLE 920 0 225100 ComEd Financing III 6.35% 15-MAR-2033 EXC.IU-OTC Corporate Bond 20035AAA2 1455 1340000 PRN SOLE 0 0 1340000 Companhia Paranaense de Energia Sponsored ADR Pfd Class B ELP Equity 20441B407 236 28760 SH SOLE 28760 0 0 CorEnergy Infastructure Trust Inc. CORR Equity 21870U205 592 26782 SH SOLE 8782 0 18000 CROSBY US ACQUISITION CORP TERM LOAN 11/22/20 BBG005HJYLP7 BankDebt 22739PAC0 250 250000 PRN SOLE 250000 0 0 Customer Bancorp CUBIL-USA Equity Preference 23204G308 12 450 SH SOLE 0 0 450 DEL MONTE FOODS CONSUMER PRODUCTS TERM LOAN 2/18/21 BBG005JV6NL9 BankDebt 24521TAB2 250 250000 PRN SOLE 250000 0 0 DFCS 1998-I A2 (Deutsche Financial Capital Securitization LL 251547AL9 Corporate Bond 251547AL9 25 2000000 PRN SOLE 2000000 0 0 Dash2 1A A1L 25513TAA1 Corporate Bond 25513TAA1 664 668853 PRN SOLE 668853 0 0 DOMINION RES INC VA NEW COM D Equity 25746U109 12338 175300 SH SOLE 0 0 175300 DUKE ENERGY CORP DUK Equity 26441C204 2195 30514 SH SOLE 0 0 30514 EQT CORP EQT Equity 26884L109 4767 73600 SH SOLE 0 0 73600 EQT Midstream Partners LP EQM Equity 26885B100 6633 100000 SH SOLE 0 0 100000 Enbridge Inc ENB Equity 29250N105 5570 150000 SH SOLE 0 0 150000 Energy & Exploration Partners Inc. 8.0% ENXP4143996-OTC Corporate Bond 29270RAA0 1748 10000000 PRN SOLE 0 0 10000000 Entergy Arkansas preferred 4.90% PFD EAB-USA Equity Preference 29364D761 4035 165105 SH SOLE 770 0 164335 ENTERGY CORP NEW COM ETR Equity 29364G103 626 9618 SH SOLE 8618 0 1000 Entergy Louisiana 4.70% FMBs ELU-USA Equity Preference 29364W603 6962 295483 SH SOLE 0 0 295483 Equinix Inc EQIX Equity 29444U700 15037 55000 SH SOLE 0 0 55000 Eversource Energy ES Equity 30040W108 4556 90000 SH SOLE 0 0 90000 EXELON CORP COM EXC Equity 30161N101 475 16000 SH SOLE 0 0 16000 EXXON MOBIL CORP COM XOM Equity 30231G102 383 5153 SH SOLE 5153 0 0 FEDEX CORP FDX Equity 31428X106 265 1840 SH SOLE 1840 0 0 FHLT 2005-B MF MTGE 35729PJY7 Corporate Bond 35729PJY7 1 100000 PRN SOLE 100000 0 0 FRONTIER COMMUNICATIONS CORP COM FTR Equity 35906A108 10134 2133540 SH SOLE 133540 0 2000000 GE CAPITAL MTG SERVICES INC. GECMS 99-HE1 A7 Corporate Bond 36157RD85 12 11592 PRN SOLE 11592 0 0 GSMS 2006-GC6AAB 36228CWW9 Corporate Bond 36228CWW9 3 200000 PRN SOLE 200000 0 0 GSAMP 2006-HE8 A2B 3622M8AC0 Corporate Bond 3622M8AC0 5 500000 PRN SOLE 500000 0 0 GSAMP 2005-SEA2 A1 0.505% 362341TM1 Corporate Bond 362341TM1 90 93806 PRN SOLE 93806 0 0 GASTAR EXPLORATION 10 3/4% PFD GST.PRB-USA Equity Preference 36729P306 652 56900 SH SOLE 0 0 56900 GlaxoSmithKline PLC GSK Equity ADR 37733W105 42 1080 SH SOLE 1080 0 0 Green Hunter Water TWMS PIPE to SER C PFD GRH.PRC-USA Equity Preference 39530A203 306 61786 SH SOLE 0 0 61786 HASC 2005-NC1 2A3 MTGE 40430HAE8 Corporate Bond 40430HAE8 17 1700000 PRN SOLE 1700000 0 0 Halcyon Loan Advisors Funding LTD 40538FAJ2 Corporate Bond 40538FAJ2 12 750000 PRN SOLE 750000 0 0 HOSPITALITY PROPERTIES TRUST HPT Equity 44106M102 77 3020 SH SOLE 3020 0 0 IAC/InterActiveCorp. IACI Equity 44919P508 304 4660 SH SOLE 4660 0 0 INC Research Holdings Inc. Class A INCR Equity 45329R109 401 10030 SH SOLE 10030 0 0 IRON MOUNTAIN REIT INC IRM Equity 46284V101 73 2350 SH SOLE 2350 0 0 JUNIPER NETWORKS INC JNPR Equity 48203R104 258 10050 SH SOLE 10050 0 0 KMI WARRANTS EXP 2017 KMI.WT-USA Warrant 49456B119 471 512000 SH SOLE 0 0 512000 LBUBS 2006-C6 AAB 50179MAD3 Corporate Bond 50179MAD3 1 50000 PRN SOLE 50000 0 0 LG Display Co. Ltd Sponsored ADR LPL Equity 50186V102 373 39290 SH SOLE 39290 0 0 LBUBS 2004-C1 A4 52108HYK4 Corporate Bond 52108HYK4 0 19000 PRN SOLE 19000 0 0 LIBR 2005-1A A1C 0.4876% 11/01/17 530361AE4 Corporate Bond 530361AE4 1499 1500000 PRN SOLE 1500000 0 0 MFA Financial Inc MFA Equity 55272X102 377 55350 SH SOLE 55350 0 0 MKS Instruments Inc. MKSI Equity 55306N104 369 11010 SH SOLE 11010 0 0 MACQUARIE INFRASTR CO LLC MEMBERSHIP INT MIC Equity 55608B105 101 1350 SH SOLE 1350 0 0 Magnum Hunter Ser E PFD MHR.PRE-USA Equity Preference 55973B409 221 75000 SH SOLE 0 0 75000 MAGNUM HUNTER RESOURCES WARRANTS MHRWW-OTC Warrant 55973B896 2 140000 SH SOLE 0 0 140000 MHLD 7 3/4 % MHNA40-USA Equity Preference 56029Q408 45 1670 SH SOLE 1670 0 0 MASTERCARD INC CL A MA Equity 57636Q104 7210 80000 SH SOLE 0 0 80000 Matson Inc. MATX Equity 57686G105 341 8870 SH SOLE 8870 0 0 Morgan Stanley Shs Repr 6 5/8 %Pfd Series G MS.PRG-USA Equity Preference 61762V507 99 3850 SH SOLE 3850 0 0 Navios Maritime Holdings Inc. Sponsored ADR Class H NMHDF-USA Equity Preference 63938Y308 1427 59000 SH SOLE 0 0 59000 Newcastle Investment Corp 9.75% Pfd NCT PRB Equity Preference 65105M207 167 6370 SH SOLE 6370 0 0 NEXTERA ENERGY INC NEE Equity 65339F101 25363 260000 SH SOLE 0 0 260000 NextEra Energy Ser I 5.125% PFD NEE.PRI-USA Equity Preference 65339K803 2728 114000 SH SOLE 0 0 114000 Nextera Energy Capital Holdings Inc SER J PFD NEE.PRJ-USA Equity Preference 65339K886 1643 70000 SH SOLE 0 0 70000 NAA 2005-AR2 2A2 65535VKDP Corporate Bond 65535VKDP 0 1483 PRN SOLE 1483 0 0 CROW POINT GLOBAL HEDGED EQUITY INCOME FUND CLASS A CGHIX-USA Equity Mutual Fund/Load 66538A562 370 41290 SH SOLE 41290 0 0 NorthStar Realty Finance Corp NRF Equity 66704R100 2239 137500 SH SOLE 0 0 137500 Northstar Rlty Fin Ser B 8.25% PFD NRF.PRB-USA Equity Preference 66704R308 29 1230 SH SOLE 1230 0 0 NorthStar Asset Management Corp NSAM Equity 66705Y104 898 62500 SH SOLE 0 0 62500 Novartis AG NVS Equity ADR 66987V109 113 1224 SH SOLE 1224 0 0 Orion Oyj Unsponsored ADR ORINY Equity 68628Y104 23 1080 SH SOLE 1080 0 0 PDL BIOPHARMA INC PDLI Equity 69329Y104 323 64210 SH SOLE 64210 0 0 PG&E CORP COM PCG Equity 69331C108 10560 200000 SH SOLE 0 0 200000 PNM RES INC COM PNM Equity 69349H107 21739 775000 SH SOLE 0 0 775000 PPL 5.90 % PPX PPX-USA Equity Preference 69352P202 4054 160880 SH SOLE 880 0 160000 Physicians Realty Trust DOC Equity 71943U104 5206 345000 SH SOLE 0 0 345000 Preferred Apartment Communities Inc APTS Equity 74039L103 10880 1000000 SH SOLE 0 0 1000000 PRINCIPAL FINANCIAL GROUP PFGZP-USA Equity 74251V102 3549 35600 SH SOLE 0 0 35600 ProShares UltraShort 20+ Year Treasury TBT Equity 74347B201 52 1200 SH SOLE 1200 0 0 Qwest CTU 7% CTU-USA Equity Preference 74913G501 104 4070 SH SOLE 4070 0 0 Qwest Corporation 6.625% 15-SEP-2055 CTZ-USA Equity Preference 74913G709 3409 137000 SH SOLE 2000 0 135000 2006-EMX2 A2 MTGE 75406AAB5 Corporate Bond 75406AAB5 10 1000000 PRN SOLE 1000000 0 0 Recon Capital NASDAQ 100 Covered Call ETF QYLD-USA Equity Mutual Fund/Load 75623U102 562 25300 SH SOLE 3800 0 21500 RASC 2003-KS4 AI6 76110WRQ1 Corporate Bond 76110WRQ1 68 66823 PRN SOLE 66823 0 0 RASC 2004-KS2 AI6 3/25/34 76110WWG7 Corporate Bond 76110WWG7 111 113905 PRN SOLE 113905 0 0 RAMP 2005-RS1 AI6 MTGE 76112BHY9 Corporate Bond 76112BHY9 4 350000 PRN SOLE 350000 0 0 Resource Capital Corp. 8.625% PERP RSO.PRC-USA Equity Preference 76120W609 276 15000 SH SOLE 0 0 15000 S. Cal Edison 5 5/8% Preferred SCE.PRF-USA Equity Preference 78406T201 3245 132326 SH SOLE 0 0 132326 Safeway Casa Ley CVR 786CVR209 Warrant 786CVR209 150 750000 SH SOLE 0 0 750000 SAFEWAY PDC LLC CVR 786CVR308 Warrant 786CVR308 53 750000 SH SOLE 0 0 750000 SATURN CLO PINEBRIDGE INV 804075AA7 Corporate Bond 804075AA7 8 8192 PRN SOLE 8192 0 0 SCANA Corp. SCG Equity 80589M102 2813 50000 SH SOLE 0 0 50000 Seaspan Corporation 6.375% SSW.PRD-USA Equity Preference 81254u205 1463 63600 SH SOLE 0 0 63600 SHACK 2014-5A C1 2.9296% 05/07/26 81881VAJ4 Corporate Bond 81881VAJ4 485 500000 PRN SOLE 500000 0 0 Shenandoah Telecommun C SHEN Equity 82312B106 27612 644999 SH SOLE 0 0 644999 Silicon Motion Technology Corporation Sponsored ADR SIMO Equity 82706C108 351 12860 SH SOLE 12860 0 0 Skyworks Solutions Inc. SWKS Equity 83088M102 378 4489 SH SOLE 4489 0 0 Solar Capital Ltd. SLRC Equity 83413U100 246 15570 SH SOLE 15570 0 0 SOTHERLY HOTELS LP 7.00% SENIOR NOTES DUE 2019 83600E109 Equity Preference 83600E109 1924 75000 SH SOLE 0 0 75000 SOTHERLY HOTELS 8 % PFD SOHOL-USA Equity Preference 83600E208 6309 245000 SH SOLE 0 0 245000 SVHE 2005-3 M2 MTGE 83611MFN3 Corporate Bond 83611MFN3 4 400000 PRN SOLE 400000 0 0 Spark New Zealand Limited Sponsored ADR NZTCY Equity 84652A102 32 3340 SH SOLE 3340 0 0 STARWOOD PROPERTY TRUST INC STWD Equity 85571B105 505 24609 SH SOLE 24609 0 0 STRATEGIC HOTELS & RESORTS INC COM BEE Equity 86272T106 5516 400000 SH SOLE 0 0 400000 SASC 2006- GEL1 A2 MTGE 863576EF7 Corporate Bond 863576EF7 3 300000 PRN SOLE 300000 0 0 Sumitomo Mitsui Financial Group Inc SMFG Equity 86562M209 390 51050 SH SOLE 51050 0 0 TARGET CORP COM TGT Equity 87612E106 500 6360 SH SOLE 6360 0 0 TELEFONICA BRASIL S A SPON ADR PFD NEW VIV Equity ADR 87936R106 130 14210 SH SOLE 14210 0 0 Terna S.p.A. Unsponsored ADR TEZNY Equity ADR 88088L103 22 1513 SH SOLE 1513 0 0 TMTS 2005-2HE A1 MTGE 881561PU2 Corporate Bond 881561PU2 54 5373278 PRN SOLE 5373278 0 0 VALERO ENERGY CORP NEW COM VLO Equity 91913Y100 380 6318 SH SOLE 6318 0 0 Vanguard Nat Res 7 7/8% (VNRAP) VNRAP-USA Equity Preference 92205F205 34 1910 SH SOLE 1910 0 0 Vanguard NR LLC 7 5/8 % Pfd Series B VNRPP-USA Equity Preference 92205F304 3726 150000 SH SOLE 0 0 150000 VANGUARD NATURAL RESOURCES LLC 7.75% Series C VNRCP Equity Preference 92205F403 2880 121284 SH SOLE 640 0 120644 Vector Group Ltd. VGR Equity 92240M108 3 136 SH SOLE 136 0 0 VERIZON COMMUNICATIONS COM VZ Equity 92343V104 10517 241725 SH SOLE 434 0 241291 VISA INC COM CL A V Equity 92826C839 19157 275000 SH SOLE 0 0 275000 Vodafone Group Plc Sponsored ADR VOD Equity 92857W308 8500 267795 SH SOLE 17795 0 250000 WBCMT 2007 C32 A2 92978YAB6 Corporate Bond 92978YAB6 4 350000 PRN SOLE 350000 0 0 Zimmer Biomet Holdings Inc. ZBH Equity 98956P102 481 5121 SH SOLE 5121 0 0 GREENHUNTER WATER WARRANTS ACI06TGH1 Warrant ACI06TGH1 79 96112 SH SOLE 0 0 96112 Ellington Financial EFC Equity B503CB8 408 22830 SH SOLE 22830 0 0 DELL INTERNATIONAL TERM LOAN 4/29/2020 BBG0043R5K08 BankDebt 0043R5K08 250 250000 PRN SOLE 250000 0 0 GARDNER DENVER TERM LOAN 7/30/2020 BBG00475SMF7 BankDebt 00475SMF7 249 248747 PRN SOLE 248747 0 0 GENPACT INTERNATIONAL TERM LOAN 08/30/19 BBG004MP5Q26 BankDebt 004MP5Q26 249 249372 PRN SOLE 249372 0 0 BOOZ ALLEN & HAMILTON TERM LOAN 7/31/2019 BBG004Y8C912 BankDebt 004Y8C912 251 250000 PRN SOLE 250000 0 0 Valeant Pharmaceuticals Term Loan 2/13/19 BBG0058046R2 BankDebt 0058046R2 218 217714 PRN SOLE 217714 0 0 HILTON WORLDWIDE FIN TERM LOAN 10/25/2020 BBG0058KTHW1 BankDebt 0058KTHW1 23676 237500 PRN SOLE 237500 0 0 ENDO LUXEMBOURG FINANCE TERM LOAN 12/12/2020 BBG005K2ZCY9 BankDebt 005K2ZCY9 250 250000 PRN SOLE 250000 0 0 CHS/COMMUNITY HEALTH SYS IN 1/25/17 BBG005VLVZ32 BankDebt 005VLVZ32 250 250000 PRN SOLE 250000 0 0 GRIFIOL WORLDWIDE OPERATIONS TERM LOAN 4/1/21 BBG00635YML2 BankDebt 00635YML2 250 250000 PRN SOLE 250000 0 0 HOLOGIC TERM LOAN TRANCHE B 8/1/19 BBG0607NYM6 BankDebt 0607NYM6 4 4067 PRN SOLE 4067 0 0 freenet AG FRTAF Equity D3689Q134 53 1670 SH SOLE 1670 0 0 Iberdrola SA IBDSF Equity E6165F166 26 3973 SH SOLE 3973 0 0 iShares MSCI Emerging Markets ETF Put DEC15 33.00 EEM#15X#33 Equity Put EEM15X33 18 183 SH Put SOLE 183 0 0 iShares MSCI EAFE ETF Put DEC15 58.00 EFA#X#58 Equity Put EFAX58 89 271 SH Put SOLE 271 0 0 Aspen Insurance Holdings Ltd 7.25% Ser B AHL PRB Equity Preference G05384147 156 5850 SH SOLE 5850 0 0 Endurance Specialty Holdings Ltd. ENH Equity G30397106 14717 241147 SH SOLE 8800 0 232347 Everest RE Group Ltd. RE Equity G3223R108 504 2910 SH SOLE 2910 0 0 GasLog LTD. 8.75% Cum A GLOG.PRA-USA Equity Preference G37585117 577 25000 SH SOLE 0 0 25000 Micro Focus International plc MCFUF Equity G6117L178 47 2486 SH SOLE 2486 0 0 Nordic American Tankers Limited NAT Equity G65773106 434 28540 SH SOLE 28540 0 0 XL Group Plc XL Equity G98290102 20 545 SH SOLE 545 0 0 Itochu Corporation ITOCF Equity J2501P104 8 725 SH SOLE 725 0 0 Takeda Pharmaceutical Co. Ltd. TKPHF Equity J8129E108 36 830 SH SOLE 830 0 0 LyondellBasell Industries NV LYB Equity N53745100 313 3755 SH SOLE 3755 0 0 Latinoamericano De Comercio Exterior SA BLX Equity P16994132 256 11058 SH SOLE 11058 0 0 Sonic Healthcare Limited SKHCF Equity Q8563C107 33 2590 SH SOLE 2590 0 0 SPY December 2015 195 Puts SPY#X#195 Equity Put SPYX195 20 199 SH Put SOLE 199 0 0 Terna S.p.A. TERRF Equity T9471R100 34 7327 SH SOLE 7327 0 0 United States Oil Fund LP Call OCT15 19.00 USO#J#19 Equity Call USOJ19 0 100 SH Call SOLE 100 0 0 Williams Companies Inc. Put NOV15 50.00 WMB#15W#50 Equity Put WMB15W50 200 2000 SH Put SOLE 0 0 2000 Avago Technologies Limited AVGO Equity Y0486S104 358 2860 SH SOLE 2860 0 0 BTS Group Holdings Public Company Ltd NVDR BTSGF Equity Y0984D104 25 91770 SH SOLE 91770 0 0 Y2066G120 DSX 8.50% Y2066G120 Equity Preference Y2066G120 3750 150000 SH SOLE 0 0 150000 Electricity Generating Public Co. Ltd. NVDR EYUUF Equity Y22834124 32 7170 SH SOLE 7170 0 0 Safe Bulkers Inc 8 % Cum Red Perp Pfd Shs Series D SBFKF-USA Equity Preference Y7388L137 50 50000 SH SOLE 0 0 50000 Scorpio Tankers Inc. 6.75% 15 MAY-2020 STNG4124560-OTC Equity Preference Y7542C106 912 40000 SH SOLE 0 0 40000 Scorpio Tankers 7.50% Y7542C114 Equity Preference Y7542C114 5658 223707 SH SOLE 0 0 223707 SCORPIO BULKERS INC. 7.50% SLTB SALT.PRB-USA Equity Preference Y7546A114 105 105000 SH SOLE 0 0 105000 Scorpio Bulkers Inc 7 1/2 % Notes 2014-15.9.19 Sr SLTB-USA Equity Preference Y7546A114 21 1270 SH SOLE 1270 0 0 Seaspan Corp 8 1/4 % Cum Red Pfd Shs Series E SSW.PRE-USA Equity Preference Y75638133 1791 75000 SH SOLE 0 0 75000 Teekay Offshore Preferred TOO PRA Equity Preference Y8565J127 0 960 SH SOLE 960 0 0