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
Alcoa CMN STK 013817101 102,528 13,111 SH   SOLE 0 13,111 0 0
Alliance One CMN STK 018772103 3,800 1,000 SH   SOLE 0 1,000 0 0
Am Exp Co CMN STK 025816109 1,074,600 14,374 SH   SOLE 0 14,374 0 0
Amer Pac CMN STK 028740108 56,700 2,000 SH   SOLE 0 2,000 0 0
Ark Best CMN STK 040790107 1,078,669 47,001 SH   SOLE 0 47,001 0 0
Astoria Fin CMN STK 046265104 244,544 22,685 SH   SOLE 0 22,685 0 0
Atlas Pipe LP CMN STK 049392103 6,412,673 167,915 SH   SOLE 0 167,915 0 0
BCSB Banc CMN STK 055367106 101,599 4,340 SH   SOLE 0 4,340 0 0
Bk of Amer CMN STK 060505104 1,751,930 136,231 SH   SOLE 0 136,231 0 0
Bk of Amer CONV PREF 060505682 32,164 29 SH   SOLE 0 29 0 0
Berkshire Hills CMN STK 084680107 129,833 4,677 SH   SOLE 0 4,677 0 0
Boeing CMN STK 097023105 1,563,029 15,258 SH   SOLE 0 15,258 0 0
CVR Part LP CMN STK 126633106 22,730 1,000 SH   SOLE 0 1,000 0 0
Capital Bk Fin CMN STK 139794101 8,996 473 SH   SOLE 0 473 0 0
Caterpillar CMN STK 149123101 1,195,692 14,495 SH   SOLE 0 14,495 0 0
Cathay Gen CMN STK 149150104 6,512 320 SH   SOLE 0 320 0 0
Chevron CMN STK 166764100 2,096,904 17,719 SH   SOLE 0 17,719 0 0
Choiceone Fin CMN STK 170386106 9,705 576 SH   SOLE 0 576 0 0
Coca-Cola CMN STK 191216100 733,250 18,281 SH   SOLE 0 18,281 0 0
Codorus Banc CMN STK 192025104 254,127 14,605 SH   SOLE 0 14,605 0 0
Cooper Tire CMN STK 216831107 1,622,694 48,921 SH   SOLE 0 48,921 0 0
DCB Fin CMN STK 233075100 41,483 7,827 SH   SOLE 0 7,827 0 0
Daktronics CMN STK 234264109 868,950 84,693 SH   SOLE 0 84,693 0 0
Walt Disney CMN STK 254687106 931,020 14,743 SH   SOLE 0 14,743 0 0
du Pont CMN STK 263534109 801,937 15,275 SH   SOLE 0 15,275 0 0
Est Virg Bank CMN STK 277196101 492,000 98,400 SH   SOLE 0 98,400 0 0
East Virg Bank WRNT 277196994 2,055 41,100 SH   SOLE 0 41,100 0 0
El Paso LP CMN STK 283702108 5,269,658 120,670 SH   SOLE 0 120,670 0 0
Enterprise LP CMN STK 293792107 2,413,583 38,835 SH   SOLE 0 38,835 0 0
Fed Ag Mtge CMN STK 313148306 11,552 400 SH   SOLE 0 400 0 0
Freddie Mac PREF STK 313400640 577,885 146,300 SH   SOLE 0 146,300 0 0
Fifth Third CMN STK 316773100 102,253 5,665 SH   SOLE 0 5,665 0 0
First Banc CMN STK 318910106 150,024 10,640 SH   SOLE 0 10,640 0 0
Ft Commnwlth CMN STK 319829107 157,113 21,318 SH   SOLE 0 21,318 0 0
Fst M & F CMN STK 320744105 318,081 20,119 SH   SOLE 0 20,119 0 0
Fst Merchants CMN STK 320817109 331,338 19,320 SH   SOLE 0 19,320 0 0
FreightCar CMN STK 357023100 548,488 32,283 SH   SOLE 0 32,283 0 0
GE CMN STK 369604103 785,172 33,858 SH   SOLE 0 33,858 0 0
Genesis LP CMN STK 371927104 6,238,206 120,359 SH   SOLE 0 120,359 0 0
HF Financial CMN STK 404172108 178,588 13,727 SH   SOLE 0 13,727 0 0
Hawaiian Hldgs CMN STK 419879101 1,290,218 211,165 SH   SOLE 0 211,165 0 0
HP CMN STK 428236103 403,793 16,282 SH   SOLE 0 16,282 0 0
HollyLP CMN STK 435763107 3,667,056 96,400 SH   SOLE 0 96,400 0 0
Holly Corp CMN STK 436106108 427,800 10,000 SH   SOLE 0 10,000 0 0
Home Depot CMN STK 437076102 1,244,400 16,063 SH   SOLE 0 16,063 0 0
HopFed Banc CMN STK 439734104 215,260 19,932 SH   SOLE 0 19,932 0 0
Ind Bank Corp CMN STK 453838609 308,178 48,995 SH   SOLE 0 48,995 0 0
Intel CMN STK 458140100 450,193 18,580 SH   SOLE 0 18,580 0 0
IBM CMN STK 459200101 2,797,085 14,636 SH   SOLE 0 14,636 0 0
Intervest Banc CMN STK 460927106 439,377 65,775 SH   SOLE 0 65,775 0 0
iShares TIPS CMN STK 464287176 204,603 1,827 SH   SOLE 0 1,827 0 0
MSCI Emerg Mkt CMN STK 464287234 293,177 7,615 SH   SOLE 0 7,615 0 0
DJ US Financial CMN STK 464287788 341,484 4,774 SH   SOLE 0 4,774 0 0
Jefferson Banc CMN STK 472375104 252,577 44,704 SH   SOLE 0 44,704 0 0
JJNJ CMN STK 478160104 1,602,920 18,669 SH   SOLE 0 18,669 0 0
Kaiser Alum CMN STK 483007704 1,164,224 18,796 SH   SOLE 0 18,796 0 0
Kinder Morgan LP CMN STK 494550106 1,171,090 13,713 SH   SOLE 0 13,713 0 0
Magellan LP CMN STK 559080106 9,394,274 172,372 SH   SOLE 0 172,372 0 0
MarkWest LP CMN STK 570759100 8,143,746 121,821 SH   SOLE 0 121,821 0 0
Martin Mid LP CMN STK 573331105 4,578,878 103,853 SH   SOLE 0 103,853 0 0
McDonald's CMN STK 580135101 1,691,811 17,089 SH   SOLE 0 17,089 0 0
Microsoft CMN STK 594918104 674,064 19,513 SH   SOLE 0 19,513 0 0
MidWest One CMN STK 598511103 201,598 8,379 SH   SOLE 0 8,379 0 0
OM Group CMN STK 670872100 921,323 29,797 SH   SOLE 0 29,797 0 0
Olin CMN STK 680665205 1,303,221 54,483 SH   SOLE 0 54,483 0 0
OmniVision CMN STK 682128103 839,156 44,995 SH   SOLE 0 44,995 0 0
ONEOK CMN STK 682680103 181,764 4,400 SH   SOLE 0 4,400 0 0
Oxford Res LP CMN STK 691807101 1,517,227 568,250 SH   SOLE 0 568,250 0 0
PVR Partners CMN STK 693665101 7,461,417 273,312 SH   SOLE 0 273,312 0 0
Petroquest CONV PREF 716748207 2,402,330 70,740 SH   SOLE 0 70,740 0 0
Pfizer CMN STK 717081103 659,215 23,535 SH   SOLE 0 23,535 0 0
Plains LP CMN STK 726503105 1,718,166 30,786 SH   SOLE 0 30,786 0 0
Primus Tele WRNT 741929129 45,437 9,417 SH   SOLE 0 9,417 0 0
Primus Tele WRNT 741929137 12,712 9,417 SH   SOLE 0 9,417 0 0
Primus Tele WRNT 741929145 941 9,417 SH   SOLE 0 9,417 0 0
Primus Tele CMN STK 741929301 550,696 46,122 SH   SOLE 0 46,122 0 0
P & G CMN STK 742718109 1,354,254 17,590 SH   SOLE 0 17,590 0 0
PrivateBancorp CMN STK 742962103 87,722 4,133 SH   SOLE 0 4,133 0 0
RAIT Fin CMN STK 749227104 56,024 7,450 SH   SOLE 0 7,450 0 0
Rofin-Sinar CMN STK 775043102 566,761 22,725 SH   SOLE 0 22,725 0 0
Rose Rock LP CMN STK 777149105 6,442,227 175,921 SH   SOLE 0 175,921 0 0
Sonic CMN STK 835451105 1,228,383 84,425 SH   SOLE 0 84,425 0 0
Sthn First Banc CMN STK 842873101 218,975 19,925 SH   SOLE 0 19,925 0 0
SW Bancorp CMN STK 844767103 10,560 800 SH   SOLE 0 800 0 0
Spartan Motors CMN STK 846819100 922,198 150,686 SH   SOLE 0 150,686 0 0
SunTrust CMN STK 867914103 236,459 7,490 SH   SOLE 0 7,490 0 0
Superior Ind CMN STK 868168105 810,396 47,089 SH   SOLE 0 47,089 0 0
SUPERVALU CMN STK 868536103 719,119 115,614 SH   SOLE 0 115,614 0 0
Susquehanna CMN STK 869099101 1,535,790 119,517 SH   SOLE 0 119,517 0 0
Umpqua CMN STK 904214103 16,511 1,100 SH   SOLE 0 1,100 0 0
Unisys CMN STK 909214306 849,143 38,475 SH   SOLE 0 38,475 0 0
United Bancs CMN STK 909458101 262,762 21,698 SH   SOLE 0 21,698 0 0
Untd Comm Fin CMN STK 909839102 603,351 129,753 SH   SOLE 0 129,753 0 0
UAL CMN STK 910047109 833,174 26,628 SH   SOLE 0 26,628 0 0
United Tech CMN STK 913017109 1,376,534 14,811 SH   SOLE 0 14,811 0 0
Wal-Mart CMN STK 931142103 1,235,714 16,589 SH   SOLE 0 16,589 0 0
Webco Ind CMN STK 947621207 11,200 100 SH   SOLE 0 100 0 0
WesBanco CMN STK 950810101 200,233 7,576 SH   SOLE 0 7,576 0 0
Western Gas LP CMN STK 958254104 493,164 7,600 SH   SOLE 0 7,600 0 0
Williams Co CMN STK 969457100 15,256,873 469,876 SH   SOLE 0 469,876 0 0
Yadkin Fin CMN STK 984305102 365,450 26,029 SH   SOLE 0 26,029 0 0
Zions CMN STK 989701107 363,264 12,561 SH   SOLE 0 12,561 0 0
Travelers CMN STK 89417e109 1,165,073 14,578 SH   SOLE 0 14,578 0 0
A T & T CMN STK 00206r102 744,143 21,021 SH   SOLE 0 21,021 0 0
Access Mid LP CMN STK 00434l109 1,759,414 36,885 SH   SOLE 0 36,885 0 0
A E S CONV PREF 00808n202 33,328 660 SH   SOLE 0 660 0 0
Alliance GP CMN STK 01861g100 7,329,528 114,973 SH   SOLE 0 114,973 0 0
Alliance Res LP CMN STK 01877r108 167,746 2,375 SH   SOLE 0 2,375 0 0
Alliant Tech CONV BOND 018804AK0 2,275,101 1,975,000 PRN   SOLE 0 1,975,000 0 0
Altria CMN STK 02209s103 53,118 1,518 SH   SOLE 0 1,518 0 0
AmeriServ CMN STK 03074a102 361,216 131,831 SH   SOLE 0 131,831 0 0
Archer Daniels CONV BOND 039483AW2 1,309,552 1,298,000 PRN   SOLE 0 1,298,000 0 0
Auxilium CONV BOND 05334DAA5 2,124,760 2,195,000 PRN   SOLE 0 2,195,000 0 0
BNC Banc CMN STK 05566t101 418,988 36,689 SH   SOLE 0 36,689 0 0
Banc of Cal CMN STK 05990k106 1,158,957 85,343 SH   SOLE 0 85,343 0 0
Banner CMN STK 06652v208 6,767 200 SH   SOLE 0 200 0 0
Bristol-Meyers CONV BOND 110122an8 930,138 803,000 PRN   SOLE 0 803,000 0 0
C & J Energy CMN STK 12467b304 714,075 36,865 SH   SOLE 0 36,865 0 0
CenterState CMN STK 15201p109 227,633 26,225 SH   SOLE 0 26,225 0 0
Cenveo CMN STK 15670s105 1,778 835 SH   SOLE 0 835 0 0
Cisco CMN STK 17275r102 361,301 14,847 SH   SOLE 0 14,847 0 0
Coeur D'Alene CONV BOND 192108ar9 1,454,858 1,466,000 PRN   SOLE 0 1,466,000 0 0
Crosstex LP CMN STK 22765u102 5,465,764 265,071 SH   SOLE 0 265,071 0 0
Crosstex Inc. CMN STK 22765y104 2,231,518 112,931 SH   SOLE 0 112,931 0 0
DCP Mid LP CMN STK 23311p100 8,942,567 165,297 SH   SOLE 0 165,297 0 0
Dendreon CONV BOND 24823qac1 2,595,000 3,460,000 PRN   SOLE 0 3,460,000 0 0
Doral Fin PREF STK 25811p209 25,500 1,500 SH   SOLE 0 1,500 0 0
Doral Fin PREF STK 25811p407 9,700 1,000 SH   SOLE 0 1,000 0 0
Doral Fin CMN STK 25811p886 16,600 20,000 SH   SOLE 0 20,000 0 0
Eagle Rock LP CMN STK 26985r104 9,188,579 1,167,545 SH   SOLE 0 1,167,545 0 0
Enbridge LP CMN STK 29250r106 615,898 20,200 SH   SOLE 0 20,200 0 0
Enrgy Trans Pt LP CMN STK 29273R109 1,279,066 25,308 SH   SOLE 0 25,308 0 0
Enrgy Trans Eq CMN STK 29273v100 6,760,051 113,007 SH   SOLE 0 113,007 0 0
Exterran LP CMN STK 30225n105 2,954,272 97,856 SH   SOLE 0 97,856 0 0
Exxon CMN STK 30231g102 1,917,136 21,219 SH   SOLE 0 21,219 0 0
1st Const Ban CMN STK 31986n102 87,153 9,174 SH   SOLE 0 9,174 0 0
First Niagara CMN STK 33582v108 393,938 39,120 SH   SOLE 0 39,120 0 0
Firstbank Corp CMN STK 33761g104 500,863 37,350 SH   SOLE 0 37,350 0 0
Genco Ship CONV BOND 36869maa3 954,787 3,690,000 PRN   SOLE 0 3,690,000 0 0
Gen Cable CONV BOND 369300al2 2,474,708 2,245,000 PRN   SOLE 0 2,245,000 0 0
HMN Financial CMN STK 40424g108 304,023 42,760 SH   SOLE 0 42,760 0 0
Hawaiian Hldgs CONV BOND 419879ad3 1,365,625 1,250,000 PRN   SOLE 0 1,250,000 0 0
Iridium Comm CMN STK 46269c102 843,092 108,646 SH   SOLE 0 108,646 0 0
JPMorgan CMN STK 46625h100 1,087,474 20,600 SH   SOLE 0 20,600 0 0
Janus Cap CONV BOND 47102xag0 1,732,525 1,660,000 PRN   SOLE 0 1,660,000 0 0
Jefferies CONV BOND 472319ag7 2,072,678 1,872,000 PRN   SOLE 0 1,872,000 0 0
Kinder Mrgn Inc CMN STK 49455p101 17,358 455 SH   SOLE 0 455 0 0
Kinder Mrgn LLC CMN STK 49455u100 552,911 6,615 SH   SOLE 0 6,615 0 0
Kinder Morgan WRNT 49456b119 10,828 2,115 SH   SOLE 0 2,115 0 0
Knight Cap CONV BOND 499005ae6 2,530,759 2,530,000 PRN   SOLE 0 2,530,000 0 0
MPLX LP CMN STK 55336v100 90,736 2,465 SH   SOLE 0 2,465 0 0
MainSource CMN STK 56062y102 252,752 18,820 SH   SOLE 0 18,820 0 0
McMoran Exp CONV BOND 582411AJ3 1,166,250 1,000,000 PRN   SOLE 0 1,000,000 0 0
Merck CMN STK 58933y105 864,852 18,619 SH   SOLE 0 18,619 0 0
MutualFirst CMN STK 62845b104 393,245 27,870 SH   SOLE 0 27,870 0 0
NGL Energy LP CMN STK 62913m107 15,842,805 524,770 SH   SOLE 0 524,770 0 0
NewBridge CMN STK 65080t102 339,297 56,644 SH   SOLE 0 56,644 0 0
Omnicare CONV PREF 68214q200 1,902,618 32,166 SH   SOLE 0 32,166 0 0
ONEOK LP CMN STK 68268n103 12,520,468 252,837 SH   SOLE 0 252,837 0 0
Pac Premier Banc CMN STK 69478x105 255,886 20,940 SH   SOLE 0 20,940 0 0
Park Sterling CMN STK 70086y105 145,651 24,645 SH   SOLE 0 24,645 0 0
Premier Fin CMN STK 74050m105 457,796 38,023 SH   SOLE 0 38,023 0 0
QCR Hold CMN STK 74727a104 1,280,629 82,889 SH   SOLE 0 82,889 0 0
RAIT Fin CONV BOND 749227aa2 4,739,679 3,907,000 PRN   SOLE 0 3,907,000 0 0
SB Financial CMN STK 78408d105 429,539 56,370 SH   SOLE 0 56,370 0 0
SPDR 600 CMN STK 78464a300 355,658 4,002 SH   SOLE 0 4,002 0 0
SPDR DJIA CMN STK 78467x109 4,371,861 29,430 SH   SOLE 0 29,430 0 0
SWS Group CMN STK 78503n107 207,563 38,085 SH   SOLE 0 38,085 0 0
Sandridge CONV PREF 80007p604 3,885,056 40,575 SH   SOLE 0 40,575 0 0
Star Gas LP CMN STK 85512c105 35,208 7,200 SH   SOLE 0 7,200 0 0
Stillwater CONV BOND 86074qaf9 2,124,129 2,126,000 PRN   SOLE 0 2,126,000 0 0
Sunpower CONV BOND 867652ac3 4,198,275 3,970,000 PRN   SOLE 0 3,970,000 0 0
Targa Res CMN STK 87611x105 857,650 17,000 SH   SOLE 0 17,000 0 0
Tesoro LP CMN STK 88160T107 4,348,887 71,930 SH   SOLE 0 71,930 0 0
3M Co CMN STK 88579y101 1,632,089 14,925 SH   SOLE 0 14,925 0 0
Transmontaigne CMN STK 89376v100 5,589,662 133,373 SH   SOLE 0 133,373 0 0
Trinity Ind CONV BOND 896522af6 3,355,412 2,875,000 PRN   SOLE 0 2,875,000 0 0
USEC CONV BOND 90333eac2 800,940 3,814,000 PRN   SOLE 0 3,814,000 0 0
Utd Bancorp CMN STK 90944l103 220,489 38,887 SH   SOLE 0 38,887 0 0
Utd Comm Bank CMN STK 90984p303 247,903 19,960 SH   SOLE 0 19,960 0 0
UnitedHealth CMN STK 91324p102 929,881 14,201 SH   SOLE 0 14,201 0 0
Verizon CMN STK 92343v104 934,511 18,564 SH   SOLE 0 18,564 0 0
Williams LP CMN STK 96950f104 3,413,369 66,151 SH   SOLE 0 66,151 0 0
WPX Energy CMN STK 98212b103 3,270,637 172,684 SH   SOLE 0 172,684 0 0
Xerium Tech CMN STK 98416j118 248,603 24,421 SH   SOLE 0 24,421 0 0
Xerium Tech WRNT 98416j126 3,496 5,828 SH   SOLE 0 5,828 0 0
ZaZa Energy CMN STK 98919t100 11,160 9,300 SH   SOLE 0 9,300 0 0
Aircastle CMN STK g0129k104 2,428,097 151,851 SH   SOLE 0 151,851 0 0
Bunge CONV PREF g16962204 2,495,616 24,795 SH   SOLE 0 24,795 0 0
Capital Prod LP CMN STK mhy110821 32,480 3,500 SH   SOLE 0 3,500 0 0
Navios LP CMN STK y62267102 8,933,177 618,213 SH   SOLE 0 618,213 0 0
Teekay LNG CMN STK y8564m105 6,619,195 151,469 SH   SOLE 0 151,469 0 0
Teekay Off LP CMN STK y8565j101 3,646,608 112,307 SH   SOLE 0 112,307 0 0
Teekay Tankers CMN STK y8565n102 21,040 8,000 SH   SOLE 0 8,000 0 0