13F-HR 1 informationtable4q10.txt HOLDINGS NAMEOFISSUER TITLEOFCLASS CUSIP VALUE AMOUNT SH/PRN DISCRET OTR MGRS VOT AUTH 1st Const Banc CMN STK 31986n102 32331.12 3777 SH SOLE SOLE AES TR III CONV PREF 00808n202 1956472 39928 SH SOLE SOLE AFFYMETRIX CONV BOND 00826tag3 1678558 1707000 PRN SOLE SOLE Aircastle Ltd CMN STK g0129k104 705197.4 67483 SH SOLE SOLE AIRTRAN CONV BOND 00949pab4 1722752 1690000 PRN SOLE SOLE Airtran Hold CMN STK 00949p108 13302 1800 SH SOLE SOLE Alcoa CMN STK 022249106 177677.6 11545 SH SOLE SOLE Alliance Hold GP CMN STK 01861g100 7698796 160425 SH SOLE SOLE Alliance One Int CMN STK 018772103 11024 2600 SH SOLE SOLE Alliance Res LP CMN STK 01877r108 294276 4475 SH SOLE SOLE ALTRIA CMN STK 02209s103 61820.82 2511 SH SOLE SOLE Amer Express CMN STK 025816109 553582.2 12898 SH SOLE SOLE AMER PAC CORP CMN STK 028740108 915497.8 159217 SH SOLE SOLE Ameriserv Fin CMN STK 03074a102 80810.68 51146 SH SOLE SOLE Amgen CONV BOND 031162AN0 447003 450000 PRN SOLE SOLE Arkansas Best CMN STK 040790107 835405.1 30467 SH SOLE SOLE AT&T INC CMN STK 00206r102 524873.7 17865 SH SOLE SOLE Bank of Amer CMN STK 060505104 192296.1 14415 SH SOLE SOLE Bank of Amer CONV PREF 060505682 431593.5 451 SH SOLE SOLE Banner Corp CMN STK 06652v109 63104 27200 SH SOLE SOLE BCSB Bancorp CMN STK 055367106 40263.75 3579 SH SOLE SOLE Beacon Fed CMN STK 073582108 73738.2 6249 SH SOLE SOLE BNC Bancorp CMN STK 05566t101 73880.16 8264 SH SOLE SOLE Boardwalk LP CMN STK 096627104 2767457 88900 SH SOLE SOLE Boeing Co. CMN STK 097023105 839896.2 12870 SH SOLE SOLE Bristol-Myers CONV BOND 110122AN8 784897 823000 PRN SOLE SOLE Callon Pet CMN STK 13123x102 9181.92 1551 SH SOLE SOLE Capital Bk CMN STK 139793103 48286.08 19392 SH SOLE SOLE Caterpillar CMN STK 149123101 1234813 13184 SH SOLE SOLE Cathay Gen Bk CMN STK 149150104 64562.2 3866 SH SOLE SOLE CERADYNE CONV BOND 156710aa3 1789364 1770000 PRN SOLE SOLE Charming Sh CONV BOND 161133AE3 2171750 2555000 PRN SOLE SOLE Cheniere LP CMN STK 16411q101 68298.55 3205 SH SOLE SOLE Chevron CMN STK 166764100 1282519 14055 SH SOLE SOLE Choiceone Fin CMN STK 170386106 6912 576 SH SOLE SOLE Cisco CMN STK 17275r102 249557.3 12336 SH SOLE SOLE Citizens So Bk CMN STK 176682102 31592.1 7347 SH SOLE SOLE Coca Cola CMN STK 191216100 961886.3 14625 SH SOLE SOLE COEUR DALENE CONV BOND 192108ar9 1485229 1496000 PRN SOLE SOLE Cooper Tire CMN STK 216831107 1001361 42467 SH SOLE SOLE Copano LP CMN STK 217202100 5607394 166145 SH SOLE SOLE Crestwood MidLP CMN STK 226372100 3859675 141952 SH SOLE SOLE Crosstex Inc CMN STK 22765y104 984276 111092 SH SOLE SOLE Crosstex LP CMN STK 22765u102 78552 5455 SH SOLE SOLE Cubist Pharm CONV BOND 229678AC1 1502331 1493000 PRN SOLE SOLE Daktronics CMN STK 234264109 1076176 67599 SH SOLE SOLE DCB Finan CMN STK 233075100 13212.5 4375 SH SOLE SOLE DCP Mid LP CMN STK 23311p100 141185 3775 SH SOLE SOLE Diamonds CMN STK 252787106 2686244 23231 SH SOLE SOLE Disney CMN STK 254687106 485154.4 12934 SH SOLE SOLE Doral Fin PREF STK 25811p209 24000 1500 SH SOLE SOLE Doral Fin PREF STK 25811p407 9100 1000 SH SOLE SOLE Du Pont CMN STK 263534109 607388.8 12177 SH SOLE SOLE Eagle Rock LP CMN STK 26985r104 8831281 1001279 SH SOLE SOLE Eagle Rock LP WARRANT 26985r12 655915.1 217912 SH SOLE SOLE East Va Bank CMN STK 277196101 40453.5 10570 SH SOLE SOLE Encore Bk CMN STK 29255v201 43471.62 4237 SH SOLE SOLE Energy Tran Eq CMN STK 29273v100 8554689 218958 SH SOLE SOLE Energy Tran LP CMN STK 29273R109 894322 17258 SH SOLE SOLE Enter Prod LP CMN STK 293792107 570306.7 13706 SH SOLE SOLE Exterran LP CMN STK 30225n105 2605877 97017 SH SOLE SOLE Exxon CMN STK 302290101 1464759 20032 SH SOLE SOLE FEDL AG MTG CMN STK 313148306 6528 400 SH SOLE SOLE Fifth Third CMN STK 316773100 14680 1000 SH SOLE SOLE First Comm Finl CMN STK 319829107 49368.84 6973 SH SOLE SOLE First Fin Hold CMN STK 320239106 34046.58 2958 SH SOLE SOLE First Merch CMN STK 320817109 92498.4 10440 SH SOLE SOLE First Sec Gr CMN STK 336312103 33965.1 37739 SH SOLE SOLE Firstbank CMN STK 33761g104 104601 17850 SH SOLE SOLE FIRSTPLUS FIN CMN STK 33763b103 11 1100 SH SOLE SOLE FORD TR II CONV PREF 345395206 3433243 66132 SH SOLE SOLE Freightcar CMN STK 357023100 778196.6 26890 SH SOLE SOLE GE CMN STK 369604103 514704.3 28141 SH SOLE SOLE Genco Ship CMN STK y2685t107 671719.5 46647 SH SOLE SOLE Genesis LP CMN STK 371927104 4695953 177877 SH SOLE SOLE Global Ind CONV BOND 379336AE0 2750250 3667000 PRN SOLE SOLE Hawaiian Hold CMN STK 419879101 1475496 188201 SH SOLE SOLE Hewlett-Pack CMN STK 428236103 605019.1 14371 SH SOLE SOLE HF Finan CMN STK 404172108 57585.6 5332 SH SOLE SOLE Holly En LP CMN STK 435763107 3326969 65350 SH SOLE SOLE Home Depot CMN STK 437076102 479901.3 13688 SH SOLE SOLE Hopfed CMN STK 439734104 44136.7 4915 SH SOLE SOLE IBM CMN STK 459200101 1902010 12960 SH SOLE SOLE Imp Sugar CMN STK 453096208 547040.4 40916 SH SOLE SOLE Inergy LP CMN STK 456615103 559758.6 14265 SH SOLE SOLE Int Paper CMN STK 460146103 87059.04 3196 SH SOLE SOLE Intel CMN STK 458140100 333472.7 15857 SH SOLE SOLE Iridium Comm CMN STK 46269c102 771820.5 93554 SH SOLE SOLE iShares Fin CMN STK 464287788 314070.7 5464 SH SOLE SOLE I-Shares TIP CMN STK 464287176 283103.6 2633 SH SOLE SOLE J & J CMN STK 478160104 941740.1 15226 SH SOLE SOLE Jackson Hewitt CMN STK 468202106 3721.59 1715 SH SOLE SOLE Jefferies Gr CONV BOND 472319AG7 1038206 987000 PRN SOLE SOLE Jefferson Banc CMN STK 472375104 33640.92 10383 SH SOLE SOLE JP Morgan CMN STK 616880100 711823.4 16780 SH SOLE SOLE K SEA Trans CMN STK 48268y101 369812.5 76250 SH SOLE SOLE Kaiser Alum CMN STK 483007704 947903.2 18924 SH SOLE SOLE Kimball Int CMN STK 494274103 719345.7 104253 SH SOLE SOLE Kinder Morgan LLC CMN STK 49455u100 618889.6 9254 SH SOLE SOLE Kinder Morgan LP CMN STK 494550106 478821.9 6815 SH SOLE SOLE KRAFT CMN STK 50075n104 401941.6 12756 SH SOLE SOLE KV Pharm CONV BOND 482740AC1 1884600 3490000 PRN SOLE SOLE Level 3 Comm CONV BOND 52729NBF6 997500 1000000 PRN SOLE SOLE LIFETIME BR CONV BOND 53222qab9 2959380 2952000 PRN SOLE SOLE LUCENT TECH CONV PREF 549462307 489958 553 SH SOLE SOLE Magellan LP CMN STK 559080106 8214027 145381 SH SOLE SOLE Mainsource Fin CMN STK 56062y102 56214 5400 SH SOLE SOLE Markwest En LP CMN STK 570759100 12878358 297353 SH SOLE SOLE Marsh & Ilsley CMN STK 571837103 42212 6100 SH SOLE SOLE Martin Mid LP CMN STK 573331105 3681419 93508 SH SOLE SOLE McDonalds CMN STK 580135101 1129677 14717 SH SOLE SOLE Medtronic CONV BOND 585055AL0 691083.3 690000 PRN SOLE SOLE Merck CMN STK 589331107 552240.9 15323 SH SOLE SOLE MICROSOFT CMN STK 594918104 456003 16338 SH SOLE SOLE Midwest One Fin CMN STK 598511103 67602.14 4474 SH SOLE SOLE MMM CMN STK 604059105 1147280 13294 SH SOLE SOLE Mutualfirst Fin CMN STK 62845b104 113181 12170 SH SOLE SOLE MVC CAP CMN STK 553829102 736324.4 50433 SH SOLE SOLE Natural Res LP CMN STK 63900p103 278050 8375 SH SOLE SOLE Navios Mar LP CMN STK y62267102 8967500 461054 SH SOLE SOLE NOBEL LEARNING CMN STK 654889104 5904 800 SH SOLE SOLE Nustar LP CMN STK 67058h102 4580191 65921 SH SOLE SOLE NV Energy CMN STK 67073y106 790878.2 56290 SH SOLE SOLE Olin Corp CMN STK 680665205 1035952 50485 SH SOLE SOLE OM Group CMN STK 670872100 806592 20945 SH SOLE SOLE Omnicare CONV PREF 68214q200 1275204 32951 SH SOLE SOLE ONEOK LP CMN STK 68268n103 1283528 16145 SH SOLE SOLE Pacific Pr Ban CMN STK 69478x105 16983 2700 SH SOLE SOLE Parke Banc CMN STK 700885106 46809.53 4681 SH SOLE SOLE Penn Virg GP CMN STK 70788p105 9894320 375924 SH SOLE SOLE Peoples Ban CMN STK 709789101 42411.5 2710 SH SOLE SOLE PFIZER CMN STK 717081103 319785.1 18263 SH SOLE SOLE PIONEER DR CMN STK 723655106 9250.5 1050 SH SOLE SOLE Plains AllAm LP CMN STK 726503105 628841.9 10015 SH SOLE SOLE Powell Ind CMN STK 739128106 584244.7 17769 SH SOLE SOLE Premier Finan CMN STK 74050m105 64665.6 10104 SH SOLE SOLE PRG Schultz CMN STK 69357c503 858854.4 135680 SH SOLE SOLE Primus Tele WARRANT 741929129 30134.4 9417 SH SOLE SOLE Primus Tele WARRANT 741929137 16479.75 9417 SH SOLE SOLE Primus Tele WARRANT 741929145 7156.92 9417 SH SOLE SOLE Primus Tele CMN STK 741929301 583775 46702 SH SOLE SOLE Private Banc CMN STK 742962103 40594.74 2823 SH SOLE SOLE Proctor & Gamble CMN STK 742718109 952277 14803 SH SOLE SOLE QCR Hold CMN STK 74727a104 71884.8 9984 SH SOLE SOLE Rurban Fin CMN STK 78176p108 66823.04 16832 SH SOLE SOLE Sandridge En CONV PREF 80007p604 4341060 36000 SH SOLE SOLE SM LD & EXPL CONV BOND 792228ad0 1022842 835000 PRN SOLE SOLE Spartan Mo CMN STK 846819100 823861.3 135281 SH SOLE SOLE SPDR SMALL CMN STK 78464a300 669857.2 9708 SH SOLE SOLE Star Gas L.P. CMN STK 85512c105 2207906 415020 SH SOLE SOLE STILLWATER CONV BOND 86074qaf9 1874379 1621000 PRN SOLE SOLE Sun Banc CMN STK 86663b102 105722.4 22785 SH SOLE SOLE Suntrust CMN STK 867914103 19181.5 650 SH SOLE SOLE Superior Inds CMN STK 868168105 861483 40598 SH SOLE SOLE Susquehanna CMN STK 869099101 918680.4 94905 SH SOLE SOLE SW Bancorp CMN STK 844767103 893172 72030 SH SOLE SOLE Targa Res Corp CMN STK 87612g101 541562 20200 SH SOLE SOLE Targa Res LP CMN STK 87611x105 6282600 185000 SH SOLE SOLE Teekay LNG LP CMN STK y8564m105 5181000 136378 SH SOLE SOLE Teekay Off LP CMN STK y8565j101 7234453 260701 SH SOLE SOLE TOREADOR CMN STK 891050106 226048.8 14565 SH SOLE SOLE Tower Banc CMN STK 891709107 22414.68 1017 SH SOLE SOLE Transmontaigne CMN STK 89376v100 2601276 71444 SH SOLE SOLE Travelers CMN STK 792860108 649021.5 11650 SH SOLE SOLE TREX INC CONV BOND 89531paa3 4255705 3391000 PRN SOLE SOLE Trinity Ind CONV BOND 896522AF6 2648296 2660000 PRN SOLE SOLE U.S. Concrete CMN STK 90333l201 335216.9 43762 SH SOLE SOLE UAL Corp CONV BOND 902549AE4 683441.1 725136 PRN SOLE SOLE Umpqua Hold CMN STK 904214103 73445.4 6030 SH SOLE SOLE United Tech CMN STK 913017109 1048550 13320 SH SOLE SOLE UNIVERSAL CORP CMN STK 913456109 456802.2 11224 SH SOLE SOLE USEC CONV BOND 90333EAC2 2712600 3014000 PRN SOLE SOLE Utd Banc CMN STK 909458101 72475.5 7629 SH SOLE SOLE Utd Comm Fin CMN STK 909839102 29304.93 22717 SH SOLE SOLE Utd Cont Hold CMN STK 910047109 948214.7 39808 SH SOLE SOLE Utd Rentals CMN STK 911363109 129447.5 5690 SH SOLE SOLE Utd RENTALS TR CONV PREF 91136h306 2898768 79966 SH SOLE SOLE Utd West Banc CMN STK 913201109 22162.18 74121 SH SOLE SOLE UtdComm Bks CMN STK 90984p105 57790.2 29636 SH SOLE SOLE Verizon CMN STK 92343v104 555770.7 15533 SH SOLE SOLE Wal-Mart CMN STK 931142103 826738 15330 SH SOLE SOLE Wesbanco CMN STK 950810101 77470.56 4086 SH SOLE SOLE Winn Dixie CMN STK 974280307 846060 118000 SH SOLE SOLE Xerium WARRANT 98416j126 12542.49 6601 SH SOLE SOLE Xerium Tech CMN STK 98416j100 189737.2 11896 SH SOLE SOLE YRC World CMN STK 984249102 561598.8 150967 SH SOLE SOLE Zions Banc CMN STK 989701107 49211.13 2031 SH SOLE SOLE