Managing Director

0000891092-16-018914.txt : 20161116 0000891092-16-018914.hdr.sgml : 20161116 20161116102358 ACCESSION NUMBER: 0000891092-16-018914 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20160930 FILED AS OF DATE: 20161116 DATE AS OF CHANGE: 20161116 EFFECTIVENESS DATE: 20161116 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: 162001579 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 09-30-2016 09-30-2016 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 11-15-2016 0 326 638741 INFORMATION TABLE 2 infotable.xml AMSI 2003-11 AF6 BOND 03072SLU7 6 6122 PRN SOLE 6122 0 0 BACM 2005-3 AM BOND 05947UR91 76 76198 PRN SOLE 76198 0 0 BAFC 2006-2 2A18 MTGE BOND 05949QAZ8 19 20154 PRN SOLE 20154 0 0 BACM 2006-3 A4 BOND 059500AD0 31 31066 PRN SOLE 31066 0 0 BAYV 2004-A A BOND 073249BT0 7 6832 PRN SOLE 6832 0 0 BSCMS 2005-T20 D BOND 07387BCR2 498 500000 PRN SOLE 500000 0 0 BCMS 2007-PW18 AMA BOND 07401DAG6 311 300000 PRN SOLE 300000 0 0 BHILL 2013-1A D 3.78729% 01/15/26 BOND 095560AN8 970 1000000 PRN SOLE 1000000 0 0 Booz Allen 8/13 TLB 31-Jul-2019 BOND 09950EAJ9 250 250000 PRN SOLE 250000 0 0 CD 2007-CD4 Commercial Mortgage Trust A4 5.322% 11-DEC-2049 BOND 12513YAF7 248 247049 PRN SOLE 247049 0 0 CWL 2002-S4 A5 MTGE BOND 126671UD6 111 111614 PRN SOLE 111614 0 0 CARL 2007-10A A2A 0.4516% 04/19/22 BOND 14309DAB6 274 283855 PRN SOLE 283855 0 0 Citigroup Commercial Mortgage Trust 2008-C7 AMA 6.34494% 10-DEC-2049 BOND 17313KAJ0 1031 1000000 PRN SOLE 1000000 0 0 Credit Suisse Commercial Mortgage Trust Series 2007-C1 A3 5.383% 15-FEB-2040 BOND 22545XAD5 284 282951 PRN SOLE 282951 0 0 Credit Suisse Commercial Mortgage Trust Series 2007-C2 A3 5.542% 15-JAN-2049 BOND 22545YAD3 446 443295 PRN SOLE 443295 0 0 Dell 9/13 (USD) Cov-Lite TLB 29-Apr-2020 BOND 24702NAB6 6 6092 PRN SOLE 6092 0 0 Dash2 1A A1L BOND 25513TAA1 0 431867 PRN SOLE 431867 0 0 EQABS 2003-4 M1 MTGE BOND 294751DF6 33 33918 PRN SOLE 33918 0 0 FFML 2004-FF7 A5 BOND 32027NKZ3 0 1 PRN SOLE 1 0 0 FHLT 2005-B MF MTGE BOND 35729PJY7 94 100000 PRN SOLE 100000 0 0 GSAMP 2005-SEA2 A1 0.505% BOND 362341TM1 87 87347 PRN SOLE 87347 0 0 Gardner Denver 7/13 (USD) TL 30-Jul-2020 BOND 365556AK5 204 248747 PRN SOLE 248747 0 0 Genpact 8/12 TLB 30-Aug-2019 BOND 37244NAC1 2 2177 PRN SOLE 2177 0 0 Halcyon Loan Advisors Funding LTD BOND 40538FAJ2 728 750000 PRN SOLE 750000 0 0 Hilton Worldwide Finance Adj % Due 10/25/2020 JAJO25 BOND 43289DAC7 238 237500 PRN SOLE 237500 0 0 JP Morgan Chase Commercial Mortgage Securities Trust 2006-LDP9 A3 5.336% 15-MAY-2047 BOND 46629PAC2 373 371773 PRN SOLE 371773 0 0 JPMCC 2012-CBX A3 BOND 46637WAC7 721 703950 PRN SOLE 703950 0 0 KeyCorp 5.0% PERP EQUITY 493267AK4 150 1500 SH SOLE 1500 0 0 LBUBS 2004-C1 A4 BOND 52108HYK4 1 1024 PRN SOLE 1024 0 0 MSC 2006-IQ11 AJ BOND 617453AV7 235 235100 PRN SOLE 235100 0 0 MSC 2007 - HQ12 AM BOND 61755BAG9 151 150000 PRN SOLE 150000 0 0 NOMURA ASSET ACCEPTANCE CORP ADJ% 05/25/2035 BOND 65535VKD9 8 8326 PRN SOLE 8326 0 0 OOMLT 2005-1 A4 BOND 68389FGJ7 25 25272 PRN SOLE 25272 0 0 2006-EMX2 A2 MTGE BOND 75406AAB5 14 14500 PRN SOLE 14500 0 0 RASC 2003-KS4 AI6 BOND 76110WRQ1 46 44826 PRN SOLE 44826 0 0 RASC 2004-KS2 AI6 3/25/34 BOND 76110WWG7 8 7663 PRN SOLE 7663 0 0 RAMP 2005-RS1 AI6 MTGE BOND 76112BHY9 18 17415 PRN SOLE 17415 0 0 SAFEWAY CASA LEY CVR EQUITY 786CVR209 0 750000 SH SOLE 0 0 750000 SAFEWAY PDC LLC CVR EQUITY 786CVR308 0 750000 SH SOLE 0 0 750000 SATURN CLO PINEBRIDGE INV BOND 804075AA7 8 8193 PRN SOLE 8193 0 0 SASC 2006-WF1 M2 MTGE BOND 863576FJ8 365 400000 PRN SOLE 400000 0 0 SASC 2006-AM1 A4 Mtge BOND 86359XAD5 228 240672 PRN SOLE 240672 0 0 MAPS1 2013-1A C BOND 89253UAE0 40 40000 PRN SOLE 40000 0 0 WAMU 2003-S12 2A MTGE BOND 92922FHP6 9 8668 PRN SOLE 8668 0 0 Wachovia Bank Commercial Mortgage Trust Series 2006-C29 A4 5.308% 15-NOV-2048 BOND 92978PAE9 270 269377 PRN SOLE 269377 0 0 WBCMT 2007 C32 A2 BOND 92978YAB6 26 26127 PRN SOLE 26127 0 0 WMALT 2006-7 A1A MTGE BOND 93935HAA5 23 39851 PRN SOLE 39851 0 0 Crow Point Alternative Income Fund EQUITY 66538B610 5050 597649 SH SOLE 597649 0 0 AMERICAN AIRLS GROUP INC COM EQUITY 02376R102 47 1317 SH SOLE 1317 0 0 Apple Inc. EQUITY 37833100 131 1168 SH SOLE 1168 0 0 GREENHUNTER WATER WARRANTS EQUITY ACI06TGH1 0 96112 SH SOLE 0 0 96112 ARCHER-DANIELS-MIDLAND CO EQUITY 39483102 122 2944 SH SOLE 2944 0 0 American Eagle Outfitters Inc. EQUITY 2553E106 258 14565 SH SOLE 14565 0 0 American Electric Power Company Inc. EQUITY 25537101 15973 248765 SH SOLE 3765 0 245000 Aetna Inc. EQUITY 00817Y108 322 2798 SH SOLE 2798 0 0 Assured Guaranty Ltd. EQUITY G0585R106 232 8439 SH SOLE 8439 0 0 Avangrid Inc. EQUITY 05351W103 42 999 SH SOLE 999 0 0 Armada Hoffler Properties EQUITY 04208T108 134 10000 SH SOLE 0 0 10000 Aspen Insurance Holdings Ltd 7.25% Perepetual Non-Cumulative Shs EQUITY G05384147 157 6080 SH SOLE 6080 0 0 AHP SERIES B 5.5% PFD EQUITY 44102507 603 25580 SH SOLE 3480 0 22100 Ashford Hospitality Prime Inc. EQUITY 44102101 693 49117 SH SOLE 0 0 49117 #N/A EQUITY 44103406 93 3666 SH SOLE 3666 0 0 Ashford Hospitality Trust PFD 7 3/8% EQUITY 44103604 2075 80000 SH SOLE 0 0 80000 Arlington Asset Investment Corp 6 3/4 % Notes 2015-15.3.25 Sr EQUITY 41356502 69 3000 SH SOLE 0 0 3000 Arlington Asset Investment Corp 6 5/8 % Notes 2013-1.5.23 Sr EQUITY 41356304 2358 100040 SH SOLE 0 0 100040 Alabama Power Company Non Cumulative Pfd Shs EQUITY 10392488 1084 41284 SH SOLE 0 0 41284 ALLETE Inc. EQUITY 18522300 596 10000 SH SOLE 0 0 10000 Amgen Inc. EQUITY 31162100 222 1342 SH SOLE 1342 0 0 Apollo Global Management LLC Class A EQUITY 37612306 88 4925 SH SOLE 4925 0 0 Preferred Apartment Communities Inc. EQUITY 74039L103 6080 450000 SH SOLE 0 0 450000 ASPEN INSURANCE HOLDINGS LTD PFD SHS EQUITY G05384162 1383 53000 SH SOLE 0 0 53000 Au Optronics Corp. Sponsored ADR EQUITY 2255107 27 7333 SH SOLE 7333 0 0 AMERICAN WTR WKS CO INC NEW COM EQUITY 30420103 18710 250000 SH SOLE 0 0 250000 Bank of America Corp Deposit Shs Repr 1/1.000th Non-Cum Pfd Shs Series -EE- EQUITY 60505260 332 12596 SH SOLE 12596 0 0 Braskem S.A. Sponsored ADR Pfd Class A EQUITY 105532105 126 7995 SH SOLE 7995 0 0 BOEING CO COM EQUITY 97023105 85 650 SH SOLE 650 0 0 BreitBurn Energy Partners L.P. 8.625% 15-OCT-2020 EQUITY 106777AB1 2925 5680000 SH SOLE 0 0 5680000 CINEMARK USA TERM LOAN 12/18/19 TRANCHE B BOND 172442AM7 1 1263 PRN SOLE 1263 0 0 CROSBY US ACQUISITION CORP TERM LOAN 11/22/20 BOND 22739PAC0 250 250000 PRN SOLE 250000 0 0 DEL MONTE FOODS CONSUMER PRODUCTS TERM LOAN 2/18/21 BOND 24521TAB2 233 250000 PRN SOLE 250000 0 0 BB&T Corporation 5.625% EQUITY 54937875 292 11021 SH SOLE 11021 0 0 Best Buy Co. Inc. EQUITY 86516101 346 9242 SH SOLE 9242 0 0 Big Lots Inc. EQUITY 89302103 193 4034 SH SOLE 4034 0 0 Bank of America Corp Deposit Shs Repr 1/1000th Non-Cum Pfd Shs Series -CC- EQUITY 60505286 52 1900 SH SOLE 1900 0 0 Banco Latinoamericano de Comercio Exterior S.A. Class E EQUITY P16994132 199 7135 SH SOLE 7135 0 0 Bayerische Motoren Werke Aktiengesellschaft Sponsored ADR EQUITY 72743305 12 458 SH SOLE 458 0 0 Popular Inc. EQUITY 733174700 54 1451 SH SOLE 1451 0 0 Cardinal Health Inc. EQUITY 14149Y108 36 466 SH SOLE 466 0 0 Avis Budget Group Inc. EQUITY 53774105 11 321 SH SOLE 321 0 0 CA Inc. EQUITY 12673P105 192 5854 SH SOLE 5854 0 0 CNOOC Limited Sponsored ADR EQUITY 126132109 7 57 SH SOLE 57 0 0 Crow Point Defined Risk Global Equity Income Fund CL I EQUITY 66538A562 427 51707 SH SOLE 51707 0 0 Chunghwa Telecom Co. Ltd Sponsored ADR EQUITY 17133Q502 20119 574346 SH SOLE 4346 0 570000 CHIMERA INVT CORP COM EQUITY 16934Q208 80 4938 SH SOLE 4938 0 0 CHATHAM LODGING EQUITY 16208T102 24074 1250610 SH SOLE 610 0 1250000 Colony Capital Inc. Class A EQUITY 19624R106 288 16043 SH SOLE 16043 0 0 COMCAST CORP NEW CL A EQUITY 20030N101 14957 225462 SH SOLE 362 0 225100 Cummins Inc. EQUITY 231021106 243 1957 SH SOLE 1957 0 0 CMS ENERGY CORP COM EQUITY 125896100 25206 600000 SH SOLE 0 0 600000 Cencosud S.A. Sponsored ADR EQUITY 15132H101 19 2112 SH SOLE 2112 0 0 Centene Corporation EQUITY 15135B101 15 223 SH SOLE 223 0 0 CENTERPOINT ENERGY INC COM EQUITY 15189T107 7037 302930 SH SOLE 2930 0 300000 Connecticut Light & Power Co 5.28 % Cum.Red.Pfd Shs Series 1967 EQUITY 207597782 623 12000 SH SOLE 0 0 12000 Connecticut Light & Power Co 6.56 % Cum.Pfd Shs Series -1968- EQUITY 207597774 626 12000 SH SOLE 0 0 12000 CAPITAL ONE FINL CORP DEP SHS PFD G EQUITY 14040H865 127 5000 SH SOLE 5000 0 0 CAPITAL ONE FINL CORP COM EQUITY 14040H105 75 1069 SH SOLE 1069 0 0 CorEnergy Infrastructure Trust Inc. EQUITY 21870U502 528 18000 SH SOLE 0 0 18000 CHESAPEAKE UTILITIES CORP EQUITY 165303108 18 300 SH SOLE 0 0 300 Camden Property Trust EQUITY 133131102 88 1034 SH SOLE 1034 0 0 Cisco Systems Inc. EQUITY 17275R102 251 8010 SH SOLE 8010 0 0 Qwest Corporation 7.0% 01-FEB-2056 EQUITY 74913G808 100 3670 SH SOLE 3670 0 0 QWEST CORP NT EQUITY 74913G881 1810 70000 SH SOLE 0 0 70000 Cooper Tire & Rubber Company EQUITY 216831107 238 6408 SH SOLE 6408 0 0 CenturyLink Inc. EQUITY 156700106 12998 473876 SH SOLE 8876 0 465000 Qwest Corp 7 % Notes 2012-1.7.52 EQUITY 74913G501 147 5578 SH SOLE 5578 0 0 Qwest Corporation 6.625% 15-SEP-2055 EQUITY 74913G709 1047 40000 SH SOLE 0 0 40000 CVS Health Corporation EQUITY 126650100 15 169 SH SOLE 169 0 0 Chevron Corporation EQUITY 166764100 274 2707 SH SOLE 2707 0 0 City Office REIT 6.625% Series A Cumulative Redeemable Perpetual Preferred EQUITY 178587200 1245 50000 SH SOLE 0 0 50000 CYS Investments Inc. EQUITY 12673A108 51 5881 SH SOLE 5881 0 0 Delta Air Lines Inc. EQUITY 247361702 106 2720 SH SOLE 2720 0 0 DuPont Fabros Technology Ser C PFD 6.625% EQUITY 26613Q403 87 3118 SH SOLE 3118 0 0 Physicians Realty Trust EQUITY 71943U104 7431 345000 SH SOLE 0 0 345000 Dominion Resources Inc. 5.25% 30-JUL-2076 EQUITY 25746U844 3356 131800 SH SOLE 9800 0 122000 Diana Shipping Inc 8 1/2 % Notes 2015-15.5.20 Sr EQUITY Y2066G120 3240 150000 SH SOLE 0 0 150000 DTE Energy Company 5.375% 01-JUN-2076 EQUITY 233331800 5326 206603 SH SOLE 0 0 206603 DUKE ENERGY CORP EQUITY 26441C204 2442 30514 SH SOLE 0 0 30514 DYN D Series PFD UNITS EQUITY 26817R405 5386 66500 SH SOLE 0 0 66500 DOMINION RES INC VA NEW COM EQUITY 25746U109 19332 260300 SH SOLE 0 0 260300 Entergy Arkansas Inc 4.9 % Bonds 2012-1.12.52 1st Mtg EQUITY 29364D761 28 1074 SH SOLE 1074 0 0 Eagle Point Credit Company Inc Unsecured Baby bond 6.625% EQUITY 269809208 638 25000 SH SOLE 0 0 25000 Euronet Worldwide Inc. EQUITY 298736109 72 886 SH SOLE 886 0 0 Ellington Financial LLC EQUITY 288522303 278 16656 SH SOLE 16656 0 0 EDISON INTL COM EQUITY 281020107 27816 385000 SH SOLE 0 0 385000 ENTERGY LA LLC COLLATERAL TR MT EQUITY 29364W108 748 30000 SH SOLE 0 0 30000 Companhia Paranaense de Energia Sponsored ADR Pfd Class B EQUITY 20441B407 197 18587 SH SOLE 18587 0 0 Endurance Specialty Holdings Ltd. EQUITY G30397106 174 2649 SH SOLE 2649 0 0 Enersis Americas S.A. Sponsored ADR EQUITY 29274F104 81 9767 SH SOLE 9767 0 0 Enersis Chile SA Sponsored ADR EQUITY 29278D105 11 2257 SH SOLE 2257 0 0 Energizer Holdings Inc. EQUITY 29272W109 182 3715 SH SOLE 3715 0 0 Energy & Exploration Partners Inc. 8.0% EQUITY 29270RAA0 1000 10000000 SH SOLE 0 0 10000000 Equinix Inc EQUITY 29444U700 874 2427 SH SOLE 0 0 2427 Equity Residential EQUITY 29476L107 106 1644 SH SOLE 1644 0 0 EQT CORP EQUITY 26884L109 4256 58600 SH SOLE 0 0 58600 Eversource Energy EQUITY 30040W108 27903 515000 SH SOLE 0 0 515000 Entergy Corporation EQUITY 29364G103 397 5177 SH SOLE 4177 0 1000 Exelon Corporation EQUITY 30161N101 877 26348 SH SOLE 10348 0 16000 Fibria Celulose S.A. Sponsored ADR EQUITY 31573A109 33 4712 SH SOLE 4712 0 0 freenet AG EQUITY D3689Q134 14 481 SH SOLE 481 0 0 Frontier Communications Corporation EQUITY 35906A108 4393 1056067 SH SOLE 56067 0 1000000 First Trust Senior Loan Fund EQUITY 33738D309 285 5877 SH SOLE 5877 0 0 Ford Motor Company EQUITY 345370860 195 16255 SH SOLE 16255 0 0 Grifols 2/14 (USD) TLB 27-Feb-2021 BOND G4123EAC0 247 250000 PRN SOLE 250000 0 0 Crow Point Global Dividend Plus Fund EQUITY 22784H108 1248 127450 SH SOLE 127450 0 0 General Dynamics Corporation EQUITY 369550108 198 1275 SH SOLE 1275 0 0 GE CAPITAL MTG SERVICES INC. BOND 36157RD85 4 3587 PRN SOLE 3587 0 0 General Electric Company EQUITY 369604103 238 8065 SH SOLE 8065 0 0 Gilead Sciences Inc. EQUITY 375558103 225 2884 SH SOLE 2884 0 0 SPDR Gold Trust EQUITY 78463V107 73 583 SH SOLE 583 0 0 GasLog Ltd Cum Red Perp Pfd Shs Series A EQUITY G37585117 631 25000 SH SOLE 0 0 25000 Global Medical REIT Inc. EQUITY 37954A204 8882 910000 SH SOLE 0 0 910000 GreenHunter Resources Inc 10 % Cum Pfd Shs Series C EQUITY 39530A203 9 61786 SH SOLE 0 0 61786 GlaxoSmithKline plc Sponsored ADR EQUITY 37733W105 27 626 SH SOLE 626 0 0 Gastar Exploration Inc Cum Pfd Shs Series B EQUITY 36729P306 649 56900 SH SOLE 0 0 56900 WW GRAINGER INC EQUITY 384802104 38 173 SH SOLE 173 0 0 Great Plains Energy Incorporated EQUITY 391164100 8652 317049 SH SOLE 7049 0 310000 HCA Holdings Inc. EQUITY 40412C101 242 3213 SH SOLE 3213 0 0 HealthSouth Corporation EQUITY 421924309 189 4671 SH SOLE 4671 0 0 Hospitality Properties Trust EQUITY 44106M102 110 3705 SH SOLE 3705 0 0 Host Hotels & Resorts Inc. EQUITY 44107P104 174 11150 SH SOLE 11150 0 0 iShares iBoxx USD High Yield Corporate Bond ETF EQUITY 464288513 109 1260 SH SOLE 1260 0 0 SPDR Nuveen S&P High Yield Municipal Bond ETF EQUITY 78464A284 119 2000 SH SOLE 2000 0 0 IBERDROLA SA BILBAO SHS EQUITY E6165F166 15 2225 SH SOLE 2225 0 0 International Business Machines Corporation EQUITY 459200101 225 1421 SH SOLE 1421 0 0 Idacorp Inc EQUITY 451107106 7828 100000 SH SOLE 0 0 100000 WEC Energy Group Inc Notes 2013-1.8.73 Jr Subord Fltg Rt EQUITY 45822P204 685 25050 SH SOLE 0 0 25050 International Game Technology PLC EQUITY G4863A108 146 5880 SH SOLE 5880 0 0 Imperial Brands PLC Sponsored ADR EQUITY 45262P102 18 350 SH SOLE 350 0 0 INC Research Holdings Inc. Class A EQUITY 45329R109 116 2634 SH SOLE 2634 0 0 Summit Hotel Properties Inc. EQUITY 866082100 5235 397833 SH SOLE 0 0 397833 INTEL CORP COM EQUITY 458140100 87 2334 SH SOLE 2334 0 0 INDIANAPOLIS PWR + LT CO PFD PCT EQUITY 455434878 2946 28811 SH SOLE 0 0 28811 International Paper Company EQUITY 460146103 291 6149 SH SOLE 6149 0 0 Iron Mountain Inc. EQUITY 46284V101 50 1324 SH SOLE 1324 0 0 Itochu Corporation EQUITY J2501P104 12 941 SH SOLE 941 0 0 Johnson & Johnson EQUITY 478160104 330 2814 SH SOLE 2814 0 0 SPDR Barclays High Yield Bond ETF EQUITY 78464A417 282 7704 SH SOLE 7704 0 0 JPMorgan Chase & Co Deposit Shs Repr 1/400th Non-Cum Pfd Shs Series W EQUITY 481246700 166 5973 SH SOLE 5973 0 0 KB Financial Group Inc. Sponsored ADR EQUITY 48241A105 165 4835 SH SOLE 4835 0 0 Korea Electric Power Corporation Sponsored ADR EQUITY 500631106 267 10589 SH SOLE 10589 0 0 KLA-TENCOR CORPORATION EQUITY 482480100 51 738 SH SOLE 738 0 0 KMI WARRANTS EXP 2017 EQUITY 49456B119 8 512000 SH SOLE 0 0 512000 Knoll Inc. EQUITY 498904200 59 2573 SH SOLE 2573 0 0 Leidos Holdings Inc. EQUITY 525327102 294 6767 SH SOLE 6767 0 0 LM 6 3/8% 3/15/56 EQUITY 524901501 64 2400 SH SOLE 2400 0 0 LEGG MASON INC JR SUB NT 56 EQUITY 524901600 100 4000 SH SOLE 4000 0 0 LANDMARK INFRASTRUCTURE LP PFD UT SER B EQUITY 51508J306 257 10000 SH SOLE 0 0 10000 Landmark Infastucture Partners LP 8% EQUITY 51508J207 749 25000 SH SOLE 0 0 25000 ALLIANT ENERGY CORP EQUITY 18802108 22526 588000 SH SOLE 0 0 588000 LG Display Co. Ltd Sponsored ADR EQUITY 50186V102 131 10196 SH SOLE 10196 0 0 iShares iBoxx $ Investment Grade Corporate Bond ETF EQUITY 464287242 344 2786 SH SOLE 2786 0 0 Oil company LUKOIL PJSC Sponsored ADR EQUITY 69343P105 421 8705 SH SOLE 8705 0 0 Southwest Airlines Co. EQUITY 844741108 96 2527 SH SOLE 2527 0 0 LyondellBasell Industries NV EQUITY N53745100 255 3166 SH SOLE 3166 0 0 MASIMO CORP COM EQUITY 574795100 47 810 SH SOLE 810 0 0 MASTERCARD INC CL A EQUITY 57636Q104 8142 80000 SH SOLE 0 0 80000 MCDONALDS CORP EQUITY 580135101 43 376 SH SOLE 376 0 0 MICRO FOCUS INTERNATIONAL PL SHS PAR NEW 0.1 EQUITY G6117L178 16 588 SH SOLE 588 0 0 MEDLEY LLC SR NT 26 EQUITY 58503Y105 491 20000 SH SOLE 0 0 20000 MDU RESOURCES GROUP INC EQUITY 552690109 13 500 SH SOLE 0 0 500 Mentor Graphics Corporation EQUITY 587200106 210 8520 SH SOLE 8520 0 0 MFA Financial Inc. EQUITY 55272X102 271 36334 SH SOLE 36334 0 0 MFRI Inc. EQUITY 552721102 895 117500 SH SOLE 0 0 117500 Maiden Holdings North America Ltd. 7 3/4 % Notes 2013-1.12.43 Gtd Sr EQUITY 56029Q408 24 875 SH SOLE 875 0 0 MACQUARIE INFRASTR CO LLC MEMBERSHIP INT EQUITY 55608B105 124 1491 SH SOLE 1491 0 0 AG Mortgage Investment Trust Inc 8 % Cum Red Pfd Shs Series B EQUITY 1228303 84 3372 SH SOLE 3372 0 0 Merck & Co. Inc. EQUITY 58933Y105 313 5053 SH SOLE 5053 0 0 MARATHON OIL CORP EQUITY 565849106 53 3336 SH SOLE 3336 0 0 Morgan Stanley Deposit Shs Repr 1/1000th 6 5/8 % Non-Cum Pfd Shs Series G EQUITY 61762V507 148 5311 SH SOLE 5311 0 0 Microsoft Corporation EQUITY 594918104 322 5606 SH SOLE 5606 0 0 Navient Corp EQUITY 63938C108 255 17854 SH SOLE 17854 0 0 Newcastle Investment Corp Pfd Shs B EQUITY 65105M207 166 6375 SH SOLE 6375 0 0 NextEra Energy Capital Holdings EQUITY 65339K100 1126 43826 SH SOLE 0 0 43826 NEXTERA ENERGY INC EQUITY 65339F101 28745 235000 SH SOLE 0 0 235000 New Media Investment Group Inc. EQUITY 64704V106 156 9950 SH SOLE 9950 0 0 NEW JERSEY RESOURCES CORP EQUITY 646025106 13 400 SH SOLE 0 0 400 Annaly Capital Management Inc 7.50% Cum Red Pfd Shs Series D EQUITY 35710805 69 2746 SH SOLE 2746 0 0 ANNALY CAP MGMT INC COM EQUITY 35710409 60 5756 SH SOLE 5756 0 0 Navios Maritime Holdings Inc. Sponsored ADR Class H EQUITY 63938Y308 316 59000 SH SOLE 0 0 59000 Northrop Grumman Corporation EQUITY 666807102 156 730 SH SOLE 730 0 0 Naspers Limited Sponsored ADR Class N EQUITY 631512100 28 1611 SH SOLE 1611 0 0 NorthStar Realty Europe Corp. EQUITY 66706L101 251 22916 SH SOLE 0 0 22916 NorthStar Realty Finance Corp. EQUITY 66704R803 905 68750 SH SOLE 0 0 68750 NorthStar Asset Management Corp EQUITY 66705Y104 808 62500 SH SOLE 0 0 62500 Nissan Motor Co. Ltd. Sponsored ADR EQUITY 654744408 14 737 SH SOLE 737 0 0 National General Holdings Corp 7 1/2 % Deposit Shs Repr 1/40th Non-Cum Perp Pfd Shs Series C EQUITY 636220857 260 10000 SH SOLE 0 0 10000 Nippon Telegraph and Telephone Corporation Sponsored ADR EQUITY 654624105 199 4299 SH SOLE 4299 0 0 Nuance Communications Inc. EQUITY 67020Y100 121 8448 SH SOLE 8448 0 0 Nucor Corporation EQUITY 670346105 93 1910 SH SOLE 1910 0 0 Novartis AG Sponsored ADR EQUITY 66987V109 76 956 SH SOLE 956 0 0 NorthWestern Corp EQUITY 668074305 5892 102411 SH SOLE 0 0 102411 Omega Healthcare Investors Inc EQUITY 681936100 54 1507 SH SOLE 1507 0 0 OUTFRONT Media Inc. EQUITY 69007J106 54 2275 SH SOLE 2275 0 0 Public Service Enterprise Group Incorporated EQUITY 744573106 10701 255565 SH SOLE 5565 0 250000 Pfizer Inc. EQUITY 717081103 81 2432 SH SOLE 2432 0 0 POSCO Sponsored ADR EQUITY 693483109 163 3171 SH SOLE 3171 0 0 PNM RES INC COM EQUITY 69349H107 25358 775000 SH SOLE 0 0 775000 PPL Capital Funding Inc 5.9 % Notes 2013-30.4.73 Gtd Jr Subord Ser B EQUITY 69352P202 33 1255 SH SOLE 1255 0 0 Prudential Financial Inc. EQUITY 744320102 248 3100 SH SOLE 3100 0 0 Powszechny Zaklad Ubezpieczen Spolka Akcyjna Unsponsored ADR EQUITY 739379105 15 2065 SH SOLE 2065 0 0 QUALCOMM INC COM EQUITY 747525103 69 1017 SH SOLE 1017 0 0 Recon Capital NASDAQ 100 Covered Call ETF EQUITY 75623U102 1202 54247 SH SOLE 32747 0 21500 REYNOLDS AMERICAN INC EQUITY 761713106 72 1522 SH SOLE 1522 0 0 Royal Dutch Shell Plc Sponsored ADR Class A EQUITY 780259206 8 162 SH SOLE 162 0 0 Regions Financial Corp EQUITY 7591EP100 42 4345 SH SOLE 4345 0 0 ROCHE HLDG LTD SPONSORED ADR EQUITY 771195104 11 340 SH SOLE 340 0 0 Rio Tinto plc Sponsored ADR EQUITY 767204100 14 415 SH SOLE 415 0 0 RMR Group EQUITY 74967R106 2 49 SH SOLE 49 0 0 R.R. Donnelley & Sons Company EQUITY 257867200 228 14613 SH SOLE 14613 0 0 RELIANCE STEEL & ALUMINUM EQUITY 759509102 50 699 SH SOLE 699 0 0 Ryder System Inc. EQUITY 783549108 155 2406 SH SOLE 2406 0 0 Sanmina-SCI Corporation EQUITY 801056102 141 5081 SH SOLE 5081 0 0 Safe Bulkers Inc 8 % Cum Red Perp Pfd Shs Series D EQUITY Y7388L137 806 50000 SH SOLE 0 0 50000 Scorpio Tankers Inc. 6.75% 15 MAY-2020 EQUITY 80918T109 964 40000 SH SOLE 0 0 40000 Scorpio Tankers Inc 7 1/2 % Notes 2014-15.10.17 Sr EQUITY Y7542C114 5664 223707 SH SOLE 0 0 223707 SCANA Corp. EQUITY 80589M102 3618 50000 SH SOLE 0 0 50000 Stepan Company EQUITY 858586100 142 1956 SH SOLE 1956 0 0 Spectra Energy Corp EQUITY 847560109 3305 77321 SH SOLE 2321 0 75000 Shenandoah Telecommun C EQUITY 82312B106 25577 940000 SH SOLE 0 0 940000 Siemens AG Sponsored ADR EQUITY 826197501 15 128 SH SOLE 128 0 0 Silicon Motion Technology Corporation Sponsored ADR EQUITY 82706C108 91 1769 SH SOLE 1769 0 0 Select Income REIT EQUITY 81618T100 50 1838 SH SOLE 1838 0 0 SOUTH JERSEY INDUSTRIES EQUITY 838518108 9616 325400 SH SOLE 0 0 325400 SPDR Barclays Short Term High Yield Bond ETF EQUITY 78468R408 306 11080 SH SOLE 11080 0 0 SK Telecom Co. Ltd. Sponsored ADR EQUITY 78440P108 33 1444 SH SOLE 1444 0 0 Solar Capital Ltd. EQUITY 83413U100 267 13101 SH SOLE 13101 0 0 Scorpio Bulkers Inc 7 1/2 % Notes 2014-15.9.19 Sr EQUITY Y7546A114 2226 105000 SH SOLE 0 0 105000 Sanofi Sponsored ADR EQUITY 80105N105 10 261 SH SOLE 261 0 0 SOUTHERN CO JR SUB NT 2015A EQUITY 842587206 39 1426 SH SOLE 1426 0 0 SOUTHERN CO JR SUB NT 76 EQUITY 842587305 4148 164000 SH SOLE 4000 0 160000 Siliconware Precision Industries Co. Ltd. Sponsored ADR EQUITY 827084864 7 976 SH SOLE 976 0 0 Spark Energy Inc. Class A EQUITY 846511103 17824 611869 SH SOLE 8966 0 602903 Spark New Zealand Limited Sponsored ADR EQUITY 84652A102 16 1226 SH SOLE 1226 0 0 STAPLES INC COM EQUITY 855030102 53 6323 SH SOLE 6323 0 0 SEMPRA ENERGY COM EQUITY 816851109 23571 219900 SH SOLE 0 0 219900 SPDR Blackstone / GSO Senior Loan ETF EQUITY 78467V608 71 1500 SH SOLE 1500 0 0 Simpson Manufacturing Co. Inc. 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EQUITY J8129E108 15 321 SH SOLE 321 0 0 Timken Company EQUITY 887389104 277 8020 SH SOLE 8020 0 0 PT Telekomunikasi Indonesia (Persero) Tbk Sponsored ADR Class B EQUITY 715684106 175 2669 SH SOLE 2669 0 0 Torchmark Corporation 6.125% 15-JUN-2056 EQUITY 891027401 228 8338 SH SOLE 8338 0 0 Taiwan Semiconductor Manufacturing Co. Ltd. Sponsored ADR EQUITY 874039100 233 7675 SH SOLE 7675 0 0 Tyson Foods Inc. Class A EQUITY 902494103 204 2720 SH SOLE 2720 0 0 TTM Technologies Inc. EQUITY 87305R109 169 14834 SH SOLE 14834 0 0 TATA MTRS LTD SPONSORED ADR EQUITY 876568502 46 1163 SH SOLE 1163 0 0 Ternium S.A. Sponsored ADR EQUITY 880890108 113 5722 SH SOLE 5722 0 0 AT&T Inc. EQUITY 00206R102 6442 158639 SH SOLE 8639 0 150000 UNITEDHEALTH GROUP INC EQUITY 91324P102 88 635 SH SOLE 635 0 0 Unum Group EQUITY 91529Y106 193 5564 SH SOLE 5564 0 0 Universal Corp EQUITY 913456109 348 6061 SH SOLE 6061 0 0 United States Cellular Corporation 7.25% 01-DEC-2064 EQUITY 911684603 2569 95000 SH SOLE 0 0 95000 Vanguard Short Term Corporate Bond Index Fund EQUITY 92206C409 40 500 SH SOLE 500 0 0 ProShares VIX Short-Term Futures ETF EQUITY 74347W262 242 8201 SH SOLE 8201 0 0 Valero Energy Corporation EQUITY 91913Y100 168 3248 SH SOLE 3248 0 0 Vodafone Group Plc Sponsored ADR EQUITY 92857W308 180 6176 SH SOLE 6176 0 0 Verizon Communications Inc. EQUITY 92343V104 12905 248268 SH SOLE 6977 0 241291 VISA INC COM CL A EQUITY 92826C839 22329 270000 SH SOLE 0 0 270000 Wells Fargo & Co Deposit Shs Repr 1/1000th 5 1/2 % Non-Cum Perp Pfd Shs A Series X EQUITY 94988U672 154 6000 SH SOLE 6000 0 0 Wheeler Real Estate Investment Trust 8.75% per annum EQUITY 963025606 4080 160000 SH SOLE 0 0 160000 WAL MART STORES INC COM EQUITY 931142103 127 1793 SH SOLE 1793 0 0 Western Refining Inc. EQUITY 959319104 255 10059 SH SOLE 10059 0 0 Western Union Company EQUITY 959802109 139 6802 SH SOLE 6802 0 0 Exxon Mobil Corporation EQUITY 30231G102 359 4154 SH SOLE 4154 0 0 XEROX CORP EQUITY 984121103 74 7258 SH SOLE 7258 0 0