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
AMR Corp COM 001765106 156,180 38,000 SH   SOLE 0 38,000 0 0
Alcoa COM 013817101 4,539 559 SH   SOLE 0 559 0 0
Alliance One Int COM 018772103 2,910 1,000 SH   SOLE 0 1,000 0 0
Am Express Co COM 025816109 1,036,587 13,726 SH   SOLE 0 13,726 0 0
Arkansas Best COM 040790107 1,200,739 46,776 SH   SOLE 0 46,776 0 0
Astoria Fin COM 046265104 298,684 24,010 SH   SOLE 0 24,010 0 0
Atlas Pipe LP COM 049392103 6,789,224 174,980 SH   SOLE 0 174,980 0 0
BB&T Corp COM 054937107 30,375 900 SH   SOLE 0 900 0 0
BCSB Banc COM 055367106 99,064 4,060 SH   SOLE 0 4,060 0 0
Bk of Amer COM 060505104 1,706,770 123,679 SH   SOLE 0 123,679 0 0
Bk of Amer CONV PREF 060505682 31,356 29 SH   SOLE 0 29 0 0
Baylake Corp COM 072788102 371,318 35,030 SH   SOLE 0 35,030 0 0
Berkshire Hills Banc COM 084680107 112,844 4,494 SH   SOLE 0 4,494 0 0
Boeing COM 097023105 1,716,675 14,610 SH   SOLE 0 14,610 0 0
CVR Partners COM 126633106 17,700 1,000 SH   SOLE 0 1,000 0 0
Capital Bank COM 139794101 10,382 473 SH   SOLE 0 473 0 0
Caterpillar COM 149123101 1,154,839 13,847 SH   SOLE 0 13,847 0 0
Chevron Corp COM 166764100 2,075,158 17,079 SH   SOLE 0 17,079 0 0
Choiceone Fin COM 170386106 9,838 576 SH   SOLE 0 576 0 0
Coca-Cola COM 191216100 663,013 17,503 SH   SOLE 0 17,503 0 0
Codorus Banc COM 192025104 300,330 16,685 SH   SOLE 0 16,685 0 0
DCB Financial COM 233075100 41,483 7,827 SH   SOLE 0 7,827 0 0
Daktronics COM 234264109 945,230 84,471 SH   SOLE 0 84,471 0 0
Disney COM 254687106 910,018 14,111 SH   SOLE 0 14,111 0 0
du Pont COM 263534109 853,336 14,572 SH   SOLE 0 14,572 0 0
Eastern Virginia Bks COM 277196101 719,678 117,980 SH   SOLE 0 117,980 0 0
El Paso Partners COM 283702108 5,135,851 121,645 SH   SOLE 0 121,645 0 0
Enterprise LP COM 293792107 2,382,990 39,040 SH   SOLE 0 39,040 0 0
Fed Ag Mtge COM 313148306 13,352 400 SH   SOLE 0 400 0 0
Freddie Mac PREF STK 313400640 683,472 147,300 SH   SOLE 0 147,300 0 0
Fifth Third COM 316773100 96,116 5,325 SH   SOLE 0 5,325 0 0
First Banc COM 318910106 155,193 10,740 SH   SOLE 0 10,740 0 0
Fst Bancsh COM 318916103 2,764 200 SH   SOLE 0 200 0 0
Fst Commonwealth COM 319829107 156,490 20,618 SH   SOLE 0 20,618 0 0
Fst Merchants COM 320817109 339,061 19,565 SH   SOLE 0 19,565 0 0
FreightCar COM 357023100 666,164 32,213 SH   SOLE 0 32,213 0 0
GE COM 369604103 791,298 33,123 SH   SOLE 0 33,123 0 0
Genesis LP COM 371927104 6,038,391 120,599 SH   SOLE 0 120,599 0 0
HF Financial COM 404172108 185,499 14,447 SH   SOLE 0 14,447 0 0
Hawaiian Hldg COM 419879101 1,515,565 203,705 SH   SOLE 0 203,705 0 0
HP COM 428236103 45,254 2,156 SH   SOLE 0 2,156 0 0
Holly Partners COM 435763107 3,213,577 97,175 SH   SOLE 0 97,175 0 0
Home Depot COM 437076102 1,157,015 15,254 SH   SOLE 0 15,254 0 0
HopFed Banc COM 439734104 224,488 20,062 SH   SOLE 0 20,062 0 0
Indpendt Bank COM 453838609 525,900 52,590 SH   SOLE 0 52,590 0 0
Intel COM 458140100 400,223 17,461 SH   SOLE 0 17,461 0 0
IBM COM 459200101 2,594,927 14,013 SH   SOLE 0 14,013 0 0
Intervest Banc COM 460927106 537,455 67,775 SH   SOLE 0 67,775 0 0
MSCI Emerging Mkts COM 464287234 310,349 7,615 SH   SOLE 0 7,615 0 0
DJ US Financial COM 464287788 349,838 4,774 SH   SOLE 0 4,774 0 0
Jefferson Bancs COM 472375104 277,106 47,777 SH   SOLE 0 47,777 0 0
JNJ COM 478160104 1,554,264 17,929 SH   SOLE 0 17,929 0 0
Kaiser Alum COM 483007704 1,292,047 18,134 SH   SOLE 0 18,134 0 0
Kinder Morgan LP COM 494550106 1,094,708 13,713 SH   SOLE 0 13,713 0 0
MDC Holdings COM 552676108 928,959 30,955 SH   SOLE 0 30,955 0 0
Magellan LP COM 559080106 9,719,898 172,247 SH   SOLE 0 172,247 0 0
MarkWest Energy COM 570759100 8,655,092 119,827 SH   SOLE 0 119,827 0 0
Martin Mid LP COM 573331105 4,904,666 104,488 SH   SOLE 0 104,488 0 0
Masonite Int COM 575385109 759,589 15,524 SH   SOLE 0 15,524 0 0
McDonalds COM 580135101 1,596,604 16,595 SH   SOLE 0 16,595 0 0
Microsoft COM 594918104 629,680 18,921 SH   SOLE 0 18,921 0 0
MidWest One COM 598511103 206,039 8,014 SH   SOLE 0 8,014 0 0
Nike COM 654106103 935,457 12,878 SH   SOLE 0 12,878 0 0
OM Group COM 670872100 1,002,657 29,682 SH   SOLE 0 29,682 0 0
Olin COM 680665205 1,250,079 54,186 SH   SOLE 0 54,186 0 0
OmniVision COM 682128103 688,873 44,995 SH   SOLE 0 44,995 0 0
ONEOK COM 682680103 8,119,303 152,275 SH   SOLE 0 152,275 0 0
Oxford Res LP COM 691807101 1,113,791 571,175 SH   SOLE 0 571,175 0 0
PVR Partners COM 693665101 6,349,538 274,634 SH   SOLE 0 274,634 0 0
Petroquest CONV PREF 716748207 2,468,900 70,540 SH   SOLE 0 70,540 0 0
Pfizer COM 717081103 647,949 22,557 SH   SOLE 0 22,557 0 0
Plains LP COM 726503105 1,621,190 30,786 SH   SOLE 0 30,786 0 0
Primus Tele COM 741929137 7,345 9,417 SH   SOLE 0 9,417 0 0
Primus Tele COM 741929145 612 9,417 SH   SOLE 0 9,417 0 0
P&G COM 742718109 1,271,952 16,827 SH   SOLE 0 16,827 0 0
PrivateBanc COM 742962103 80,100 3,743 SH   SOLE 0 3,743 0 0
RAIT Fin COM 749227104 71,154 10,050 SH   SOLE 0 10,050 0 0
Rofin-Sinar COM 775043102 550,172 22,725 SH   SOLE 0 22,725 0 0
Rose Rock LP COM 777149105 8,451,062 264,509 SH   SOLE 0 264,509 0 0
Sonic COM 835451105 726,241 40,915 SH   SOLE 0 40,915 0 0
Sothn Fst Bancs COM 842873101 363,264 27,520 SH   SOLE 0 27,520 0 0
Southwest Banc COM 844767103 11,848 800 SH   SOLE 0 800 0 0
Spartan Motors COM 846819100 912,958 150,405 SH   SOLE 0 150,405 0 0
SunTrust COM 867914103 254,659 7,855 SH   SOLE 0 7,855 0 0
Superior Ind COM 868168105 841,106 47,174 SH   SOLE 0 47,174 0 0
SUPERVALU COM 868536103 945,454 114,879 SH   SOLE 0 114,879 0 0
Susquehanna COM 869099101 27,540 2,198 SH   SOLE 0 2,198 0 0
Timberland Banc COM 887098101 25,164 2,796 SH   SOLE 0 2,796 0 0
Umpqua COM 904214103 17,842 1,100 SH   SOLE 0 1,100 0 0
Unisys COM 909214306 985,180 39,110 SH   SOLE 0 39,110 0 0
Utd Bancsh COM 909458101 325,800 25,553 SH   SOLE 0 25,553 0 0
Untd Community Fin COM 909839102 508,570 130,738 SH   SOLE 0 130,738 0 0
Untd Continental COM 910047109 801,085 26,086 SH   SOLE 0 26,086 0 0
Untd Technologies COM 913017109 1,517,135 14,071 SH   SOLE 0 14,071 0 0
Wal-Mart COM 931142103 1,176,629 15,909 SH   SOLE 0 15,909 0 0
WesBanco COM 950810101 213,342 7,176 SH   SOLE 0 7,176 0 0
Western Gas LP COM 958254104 456,988 7,600 SH   SOLE 0 7,600 0 0
Williams Cos COM 969457100 17,086,182 469,917 SH   SOLE 0 469,917 0 0
Yadkin Fin COM 984305102 431,387 25,037 SH   SOLE 0 25,037 0 0
Zions COM 989701107 344,422 12,561 SH   SOLE 0 12,561 0 0
Fst Financial Hldg COM 32023e105 64,840 11,755 SH   SOLE 0 11,755 0 0
Renasant COM 75970e107 355,655 13,090 SH   SOLE 0 13,090 0 0
Travelers COM 89417e109 1,197,630 14,128 SH   SOLE 0 14,128 0 0
A T & T COM 00206r102 688,981 20,372 SH   SOLE 0 20,372 0 0
Access Mid LP COM 00434l109 1,612,829 33,385 SH   SOLE 0 33,385 0 0
A E S CONV PREF 00808n202 33,262 660 SH   SOLE 0 660 0 0
Alliance Hold GP COM 01861g100 6,868,774 114,709 SH   SOLE 0 114,709 0 0
Alliance Resource LP COM 01877r108 176,058 2,375 SH   SOLE 0 2,375 0 0
Alliant Tech CONV BOND 018804AK0 2,426,737 1,850,000 PRN   SOLE 0 1,850,000 0 0
AmeriServ COM 03074a102 416,842 132,331 SH   SOLE 0 132,331 0 0
Auxilium Pharm CONV BOND 05334DAA5 2,272,571 2,195,000 PRN   SOLE 0 2,195,000 0 0
BNC Banc COM 05566t101 489,431 36,689 SH   SOLE 0 36,689 0 0
Banc of CAL COM 05990k106 1,206,570 87,243 SH   SOLE 0 87,243 0 0
Banner Corp COM 06652v208 7,642 200 SH   SOLE 0 200 0 0
Bristol-Meyers CONV BOND 110122an8 952,052 803,000 PRN   SOLE 0 803,000 0 0
C & J Energy COM 12467b304 740,952 36,900 SH   SOLE 0 36,900 0 0
CenterState Bks COM 15201p109 252,648 26,100 SH   SOLE 0 26,100 0 0
Cenveo COM 15670s105 167,663 56,835 SH   SOLE 0 56,835 0 0
Cenveo CONV BOND 15671BAJ0 1,010,600 1,000,000 PRN   SOLE 0 1,000,000 0 0
Cisco COM 17275r102 337,921 14,422 SH   SOLE 0 14,422 0 0
Coeur D'Alene CONV BOND 192108ar9 1,478,343 1,466,000 PRN   SOLE 0 1,466,000 0 0
Crosstex LP COM 22765u102 5,311,727 266,921 SH   SOLE 0 266,921 0 0
Crosstex Inc COM 22765y104 2,296,377 109,927 SH   SOLE 0 109,927 0 0
DCP Midstream COM 23311p100 8,817,480 177,557 SH   SOLE 0 177,557 0 0
Dendreon CONV BOND 24823qac1 2,179,800 3,460,000 PRN   SOLE 0 3,460,000 0 0
Doral Fin PREF STK 25811p209 22,875 1,500 SH   SOLE 0 1,500 0 0
Doral Fin PREF STK 25811p407 8,500 1,000 SH   SOLE 0 1,000 0 0
Doral Fin COM 25811p886 19,080 1,000 SH   SOLE 0 1,000 0 0
Eagle Rock LP COM 26985r104 8,333,447 1,173,725 SH   SOLE 0 1,173,725 0 0
Energy Trans Part COM 29273R109 615,259 11,816 SH   SOLE 0 11,816 0 0
Energy Trans Eq COM 29273v100 354,644 5,391 SH   SOLE 0 5,391 0 0
Exterran LP COM 30225n105 2,867,084 98,593 SH   SOLE 0 98,593 0 0
Exxon COM 30231g102 1,770,617 20,579 SH   SOLE 0 20,579 0 0
1st Const Banc COM 31986n102 93,666 9,174 SH   SOLE 0 9,174 0 0
Fst Niagara COM 33582v108 407,074 39,255 SH   SOLE 0 39,255 0 0
Firstbank Corp COM 33761g104 1,498,045 76,941 SH   SOLE 0 76,941 0 0
Genco Ship CONV BOND 36869maa3 1,663,777 3,685,000 PRN   SOLE 0 3,685,000 0 0
General Cable CONV BOND 369300al2 2,527,168 2,240,000 PRN   SOLE 0 2,240,000 0 0
Goldman Sachs COM 38141g104 2,052,458 12,973 SH   SOLE 0 12,973 0 0
Gulf Coast Rylty COM 40222t104 235,440 108,000 SH   SOLE 0 108,000 0 0
HMN Financial COM 40424g108 377,699 47,810 SH   SOLE 0 47,810 0 0
Hawaiian Hldg CONV BOND 419879ad3 1,463,875 1,250,000 PRN   SOLE 0 1,250,000 0 0
Iridium COM 46269c102 729,782 106,073 SH   SOLE 0 106,073 0 0
JPMorgan COM 46625h100 1,015,605 19,648 SH   SOLE 0 19,648 0 0
Janus Cap CONV BOND 47102xag0 1,684,119 1,660,000 PRN   SOLE 0 1,660,000 0 0
Jefferies CONV BOND 472319ag7 1,974,548 1,872,000 PRN   SOLE 0 1,872,000 0 0
KB Home CONV BOND 48666kas8 2,437,512 2,400,000 PRN   SOLE 0 2,400,000 0 0
Kinder Morgan LLC COM 49455u100 503,614 6,718 SH   SOLE 0 6,718 0 0
Kinder Morgan INC COM 49456b101 2,098,416 58,994 SH   SOLE 0 58,994 0 0
MainSource Fin COM 56062y102 289,521 19,060 SH   SOLE 0 19,060 0 0
Merck COM 58933y105 849,392 17,841 SH   SOLE 0 17,841 0 0
MutualFirst COM 62845b104 438,667 28,615 SH   SOLE 0 28,615 0 0
NGL Energy LP COM 62913M107 17,157,804 556,349 SH   SOLE 0 556,349 0 0
NewBridge COM 65080t102 431,050 59,129 SH   SOLE 0 59,129 0 0
Omnicare CONV PREF 68214q200 2,139,650 31,341 SH   SOLE 0 31,341 0 0
ONEOK LP COM 68268N103 14,113,965 266,251 SH   SOLE 0 266,251 0 0
Pacific Premier COM 69478x105 269,178 20,055 SH   SOLE 0 20,055 0 0
Park Sterling COM 70086y105 162,877 25,410 SH   SOLE 0 25,410 0 0
Premier Fin COM 74050m105 450,498 39,038 SH   SOLE 0 39,038 0 0
QCR Holdings COM 74727a104 1,410,616 88,774 SH   SOLE 0 88,774 0 0
RAIT Finan CONV BOND 749227aa2 4,601,967 3,897,000 PRN   SOLE 0 3,897,000 0 0
SB Financial Gr COM 78408d105 610,100 78,520 SH   SOLE 0 78,520 0 0
SWS Group COM 78503n107 21,762 3,900 SH   SOLE 0 3,900 0 0
Sandridge CONV PREF 80007p604 3,840,020 38,020 SH   SOLE 0 38,020 0 0
Star Gas LP COM 85512c105 15,744 3,200 SH   SOLE 0 3,200 0 0
Stillwater Min CONV BOND 86074qaf9 2,123,108 2,126,000 PRN   SOLE 0 2,126,000 0 0
Sunpower CONV BOND 867652ac3 113,601 100,000 PRN   SOLE 0 100,000 0 0
Targa Res COM 87611x105 874,990 17,000 SH   SOLE 0 17,000 0 0
Tesoro Logistics COM 88160T107 4,067,540 70,130 SH   SOLE 0 70,130 0 0
3M COM 88579y101 1,705,973 14,287 SH   SOLE 0 14,287 0 0
Transmontaigne COM 89376v100 5,504,863 135,155 SH   SOLE 0 135,155 0 0
Trinity Ind CONV BOND 896522af6 3,500,312 2,875,000 PRN   SOLE 0 2,875,000 0 0
USEC CONV BOND 90333eac2 934,430 3,814,000 PRN   SOLE 0 3,814,000 0 0
Utd Bancorp COM 90944l103 704,712 104,868 SH   SOLE 0 104,868 0 0
Utd Community Bks COM 90984p303 301,373 20,105 SH   SOLE 0 20,105 0 0
UnitedHealth COM 91324p102 983,348 13,732 SH   SOLE 0 13,732 0 0
Verizon COM 92343v104 835,995 17,911 SH   SOLE 0 17,911 0 0
Visa COM 92826c839 2,460,985 12,878 SH   SOLE 0 12,878 0 0
Williams LP COM 96950f104 4,513,308 85,350 SH   SOLE 0 85,350 0 0
WPX Energy COM 98212b103 105,557 5,481 SH   SOLE 0 5,481 0 0
Xerium Tech COM 98416j118 281,854 24,319 SH   SOLE 0 24,319 0 0
Xerium Tech COM 98416j126 1,555 5,762 SH   SOLE 0 5,762 0 0
Aircastle COM g0129k104 2,618,812 150,420 SH   SOLE 0 150,420 0 0
Energy XXI COM g10082140 67,972 2,250 SH   SOLE 0 2,250 0 0
Bunge CONV PREF g16962204 2,608,033 24,770 SH   SOLE 0 24,770 0 0
Navios LP COM y62267102 9,059,993 618,852 SH   SOLE 0 618,852 0 0
Teekay LNG COM y8564m105 5,575,107 126,391 SH   SOLE 0 126,391 0 0
Teekay Offshore COM y8565j101 641,346 19,225 SH   SOLE 0 19,225 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