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
Capital Bank Financial COM 139794101 3,147 98 SH   SOLE 0 98 0 0
Caterpillar COM 149123101 1,321,785 14,890 SH   SOLE 0 14,890 0 0
Central Valley Community Bancorp COM 155685100 395,739 24,952 SH   SOLE 0 24,952 0 0
Chevron Corporation COM 166764100 1,801,132 17,500 SH   SOLE 0 17,500 0 0
Choiceone Financial Services COM 170386106 12,845 576 SH   SOLE 0 576 0 0
Citigroup Inc COM 172967226 40,308 772,183 SH   SOLE 0 772,183 0 0
Citigroup COM 172967424 305,295 6,464 SH   SOLE 0 6,464 0 0
Citizens Financial Group COM 174610105 459,482 18,595 SH   SOLE 0 18,595 0 0
Civista Bancshares COM 178867107 1,022,038 72,076 SH   SOLE 0 72,076 0 0
Coca-Cola Company COM 191216100 678,897 16,042 SH   SOLE 0 16,042 0 0
Codorus Bancorp COM 192025104 874,160 39,952 SH   SOLE 0 39,952 0 0
DCB Financial COM 233075100 59,877 7,827 SH   SOLE 0 7,827 0 0
Disney COM 254687106 1,439,105 15,498 SH   SOLE 0 15,498 0 0
Du Pont COM 263534109 1,061,475 15,850 SH   SOLE 0 15,850 0 0
El Pollo Loco Holdings COM 268603107 863,611 68,595 SH   SOLE 0 68,595 0 0
Eastern Virginia Bankshares COM 277196101 1,227,455 152,668 SH   SOLE 0 152,668 0 0
Enterprise Products COM 293792107 3,221,078 116,579 SH   SOLE 0 116,579 0 0
EZCORP COM 302301106 50,434 4,560 SH   SOLE 0 4,560 0 0
FNB Corporation COM 302520101 103,861 8,444 SH   SOLE 0 8,444 0 0
Federal Agricultural Mortgage COM 313148306 15,800 400 SH   SOLE 0 400 0 0
Freddie Mac PREF STK 313400640 355,920 148,300 SH   SOLE 0 148,300 0 0
Fifth Third Bancorp COM 316773100 230,687 11,275 SH   SOLE 0 11,275 0 0
First Bancorp COM 318910106 247,149 12,489 SH   SOLE 0 12,489 0 0
First Bancshares COM 318916103 1,110,032 58,546 SH   SOLE 0 58,546 0 0
First Commonwealth Financial COM 319829107 250,212 24,798 SH   SOLE 0 24,798 0 0
First Community Corp COM 319835104 1,033,909 65,645 SH   SOLE 0 65,645 0 0
First Merchants Corp COM 320817109 550,221 20,569 SH   SOLE 0 20,569 0 0
Ford COM 345370860 68,827 5,702 SH   SOLE 0 5,702 0 0
FreightCar America COM 357023100 603,946 41,999 SH   SOLE 0 41,999 0 0
General Electric COM 369604103 983,997 33,221 SH   SOLE 0 33,221 0 0
Genesis Energy COM 371927104 3,744,525 98,618 SH   SOLE 0 98,618 0 0
Haverty Furniture COM 419596101 872,341 43,530 SH   SOLE 0 43,530 0 0
Hawaiian Holdings COM 419879101 244,895 5,039 SH   SOLE 0 5,039 0 0
Hawthorn Bancshares COM 420476103 94,398 6,190 SH   SOLE 0 6,190 0 0
Hercules Offshore COM 427093307 1,297,946 750,258 SH   SOLE 0 750,258 0 0
Holly Energy Partners COM 435763107 2,857,686 84,223 SH   SOLE 0 84,223 0 0
Home Depot COM 437076102 2,014,614 15,656 SH   SOLE 0 15,656 0 0
HopFed Bancorp COM 439734104 278,433 24,860 SH   SOLE 0 24,860 0 0
Independent Bank Corp COM 453838609 871,757 51,798 SH   SOLE 0 51,798 0 0
Intel COM 458140100 637,673 16,892 SH   SOLE 0 16,892 0 0
IBM COM 459200101 2,369,089 14,914 SH   SOLE 0 14,914 0 0
iShares Barclays TIPS Bond COM 464287176 163,284 1,402 SH   SOLE 0 1,402 0 0
iShares MSCI Emerging Markets COM 464287234 285,182 7,615 SH   SOLE 0 7,615 0 0
iShares DJ US Financial Sector COM 464287788 429,660 4,774 SH   SOLE 0 4,774 0 0
Johnson & Johnson COM 478160104 2,048,610 17,342 SH   SOLE 0 17,342 0 0
Lannett Company COM 516012101 1,186,749 44,665 SH   SOLE 0 44,665 0 0
MDC Holdings COM 552676108 843,712 32,702 SH   SOLE 0 32,702 0 0
Magellan Midstream COM 559080106 6,163,718 87,132 SH   SOLE 0 87,132 0 0
Martin Midstream Partners COM 573331105 39,980 1,995 SH   SOLE 0 1,995 0 0
Masonite International COM 575385109 914,023 14,702 SH   SOLE 0 14,702 0 0
McDermott International COM 580037109 774,937 154,678 SH   SOLE 0 154,678 0 0
McDonald's Corp COM 580135101 1,863,295 16,152 SH   SOLE 0 16,152 0 0
Mercantile Bank Corp COM 587376104 2,136,790 79,583 SH   SOLE 0 79,583 0 0
Microsoft Corporation COM 594918104 1,014,456 17,612 SH   SOLE 0 17,612 0 0
MidWest One Financial COM 598511103 332,977 10,964 SH   SOLE 0 10,964 0 0
Nike COM 654106103 783,485 14,881 SH   SOLE 0 14,881 0 0
Old National Bancorp COM 680033107 1,124,560 79,983 SH   SOLE 0 79,983 0 0
Olin Corp COM 680665205 1,078,317 52,550 SH   SOLE 0 52,550 0 0
ONEOK Inc COM 682680103 5,631,780 109,589 SH   SOLE 0 109,589 0 0
Parke Bancorp COM 700885106 611,323 40,536 SH   SOLE 0 40,536 0 0
Peoples Bancorp of NC COM 710577107 859,757 40,941 SH   SOLE 0 40,941 0 0
PetroQuest Energy COM 716748108 8,650 2,500 SH   SOLE 0 2,500 0 0
PetroQuest Energy CONV PREF 716748207 1,363,478 72,622 SH   SOLE 0 72,622 0 0
Pfizer COM 717081103 702,023 20,727 SH   SOLE 0 20,727 0 0
Phillips 66 Partners COM 718549207 2,575,314 52,990 SH   SOLE 0 52,990 0 0
Pioneer Energy Services COM 723664108 4,242 1,050 SH   SOLE 0 1,050 0 0
Plains All American Pipeline COM 726503105 354,713 11,293 SH   SOLE 0 11,293 0 0
Procter & Gamble COM 742718109 1,494,966 16,657 SH   SOLE 0 16,657 0 0
RAIT Financial COM 749227609 185,224 54,800 SH   SOLE 0 54,800 0 0
Rice Midstream Partners COM 762819100 5,504,667 226,903 SH   SOLE 0 226,903 0 0
Schwab Short-Term U.S. Treasury ETF COM 808524862 106,763 2,102 SH   SOLE 0 2,102 0 0
Shell Midstream Partners COM 822634101 2,729,623 85,088 SH   SOLE 0 85,088 0 0
Southern First Bancshares COM 842873101 1,908,288 69,191 SH   SOLE 0 69,191 0 0
Southwest Bancorp COM 844767103 3,798 200 SH   SOLE 0 200 0 0
Southwestern Energy Company COM 845467109 16,677 1,205 SH   SOLE 0 1,205 0 0
Spartan Motors COM 846819100 1,626,291 169,759 SH   SOLE 0 169,759 0 0
SunTrust Banks COM 867914103 459,333 10,487 SH   SOLE 0 10,487 0 0
Superior Industries COM 868168105 1,462,190 50,144 SH   SOLE 0 50,144 0 0
Timberland Bancorp COM 887098101 977,477 62,062 SH   SOLE 0 62,062 0 0
Toll Brothers COM 889478103 5,972 200 SH   SOLE 0 200 0 0
Umpqua Holdings COM 904214103 16,555 1,100 SH   SOLE 0 1,100 0 0
Unisys Corp COM 909214306 516,951 53,075 SH   SOLE 0 53,075 0 0
United Bancshares COM 909458101 860,865 43,065 SH   SOLE 0 43,065 0 0
United Technologies COM 913017109 1,507,033 14,833 SH   SOLE 0 14,833 0 0
Wal-Mart Stores COM 931142103 1,117,427 15,494 SH   SOLE 0 15,494 0 0
Williams Companies COM 969457100 6,461,680 210,273 SH   SOLE 0 210,273 0 0
Yadkin Financial COM 984305102 21,900 833 SH   SOLE 0 833 0 0
Zions Bancorp COM 989701107 476,188 15,351 SH   SOLE 0 15,351 0 0
Zions Bancorp COM 989701115 90,874 22,438 SH   SOLE 0 22,438 0 0
AK Steel Corporation CONV BOND 001546ap5 2,935,505 2,415,000 SH   SOLE 0 2,415,000 0 0
AK Steel COM 001547108 9,660 2,000 SH   SOLE 0 2,000 0 0
American Airlines Group Inc COM 001765106 130,449 11,453 SH   SOLE 0 11,453 0 0
A T & T COM 00206r102 204,025 5,024 SH   SOLE 0 5,024 0 0
A E S TRUST CONV PREF 00808n202 19,125 375 SH   SOLE 0 375 0 0
Alaska Communications COM 01167p101 1,038,424 603,735 SH   SOLE 0 603,735 0 0
Alaska Communications CONV BOND 01167pae1 3,998,775 4,070,000 SH   SOLE 0 4,070,000 0 0
Alliance Holding GP COM 01861g100 3,706,707 142,292 SH   SOLE 0 142,292 0 0
Alliance Resource Partners COM 01877r108 73,194 3,300 SH   SOLE 0 3,300 0 0
American Airlines Group COM 02376R102 1,034,965 28,270 SH   SOLE 0 28,270 0 0
American Express COM 025816109 952,531 14,874 SH   SOLE 0 14,874 0 0
AmeriServ Financial COM 03074a102 655,150 197,334 SH   SOLE 0 197,334 0 0
Antero Midstream Partners COM 03673l103 2,795,891 104,715 SH   SOLE 0 104,715 0 0
Apollo Education Group COM 037604105 1,020,979 128,425 SH   SOLE 0 128,425 0 0
Apple COM 037833100 1,782,493 15,767 SH   SOLE 0 15,767 0 0
Arcbest Corp COM 03937c105 591,093 31,077 SH   SOLE 0 31,077 0 0
Archrock Partners LP COM 03957u100 1,236,215 83,982 SH   SOLE 0 83,982 0 0
Astoria Financial COM 046265104 484,574 33,190 SH   SOLE 0 33,190 0 0
Atlas Air Worldwide Holdings CONV BOND 049164BH8 1,937,620 1,995,000 SH   SOLE 0 1,995,000 0 0
BB&T Corporation COM 054937107 54,430 1,443 SH   SOLE 0 1,443 0 0
Banc of California COM 05990k106 2,978,776 170,606 SH   SOLE 0 170,606 0 0
Bank of America COM 060505104 635,578 40,612 SH   SOLE 0 40,612 0 0
Bank of America COM 060505153 21,563 215,625 SH   SOLE 0 215,625 0 0
Bank of America CONV PREF 060505682 35,404 29 SH   SOLE 0 29 0 0
Bank of America COM 060506146 83,160 18,000 SH   SOLE 0 18,000 0 0
Banner Corp COM 06652v208 8,760 200 SH   SOLE 0 200 0 0
Barnes & Noble COM 067774109 810,938 71,764 SH   SOLE 0 71,764 0 0
Berkshire Hills Bancorp COM 084680107 164,708 5,944 SH   SOLE 0 5,944 0 0
Blucora Inc CONV BOND 095229AB6 2,090,424 2,180,000 SH   SOLE 0 2,180,000 0 0
Boardwalk Pipeline Partners COM 096627104 3,432 200 SH   SOLE 0 200 0 0
Boeing COM 097023105 2,082,546 15,808 SH   SOLE 0 15,808 0 0
Broadsoft Inc CONV BOND 11133BAB8 2,610,759 2,120,000 SH   SOLE 0 2,120,000 0 0
Cal Dive International CONV BOND 12802TAB7 11,375 4,550,000 SH   SOLE 0 4,550,000 0 0
Cenveo COM 15670s105 109,663 15,555 SH   SOLE 0 15,555 0 0
Cenveo CONV BOND 15671BAG6 1,762,950 1,752,000 SH   SOLE 0 1,752,000 0 0
Cenveo CONV BOND 15671BAJ0 829,664 880,000 SH   SOLE 0 880,000 0 0
Cisco Systems COM 17275r102 497,814 15,694 SH   SOLE 0 15,694 0 0
Communications Sales & Leasing COM 20341j104 1,040,927 33,140 SH   SOLE 0 33,140 0 0
Contura Energy COM 21241b100 417,500 10,000 SH   SOLE 0 10,000 0 0
DR Horton COM 23331a109 7,550 250 SH   SOLE 0 250 0 0
Delek Logistics Partners COM 24664t103 1,673,359 58,550 SH   SOLE 0 58,550 0 0
EOG Resources COM 26875p101 32,495 336 SH   SOLE 0 336 0 0
Emerge Energy Services COM 29102H108 11,084 850 SH   SOLE 0 850 0 0
Energy Transfer Partners COM 29273R109 154,882 4,186 SH   SOLE 0 4,186 0 0
Energy Transfer Equity COM 29273v100 214,151 12,755 SH   SOLE 0 12,755 0 0
EnLink Midstream LLC COM 29336t100 1,054,012 62,926 SH   SOLE 0 62,926 0 0
EnLink Midstream Partners COM 29336u107 3,965,818 223,931 SH   SOLE 0 223,931 0 0
EZCorp Inc CONV BOND 302301AB2 3,824,459 3,905,000 SH   SOLE 0 3,905,000 0 0
Exxon Mobil Corporation COM 30231g102 1,610,578 18,453 SH   SOLE 0 18,453 0 0
1st Constitution Bancorp. COM 31986n102 142,903 10,397 SH   SOLE 0 10,397 0 0
First South Bancorp COM 33646W100 648,694 65,215 SH   SOLE 0 65,215 0 0
First United Corp COM 33741h107 92,454 7,468 SH   SOLE 0 7,468 0 0
General Cable Corp CONV BOND 369300al2 1,525,307 2,315,000 SH   SOLE 0 2,315,000 0 0
Goldman Sachs COM 38141g104 2,405,826 14,918 SH   SOLE 0 14,918 0 0
Greenbriar CONV BOND 393657AH4 1,742,174 1,537,000 SH   SOLE 0 1,537,000 0 0
HMN Financial COM 40424g108 704,574 48,275 SH   SOLE 0 48,275 0 0
Horsehead Holding CONV BOND 440694AB3 52,700 5,270,000 SH   SOLE 0 5,270,000 0 0
Invensense CONV BOND 46123DAB2 875,962 915,000 SH   SOLE 0 915,000 0 0
Iridium Communications COM 46269c102 948,659 116,974 SH   SOLE 0 116,974 0 0
Iridium Communications CONV PREF 46269c409 893,370 3,000 SH   SOLE 0 3,000 0 0
Iridium Communications CONV PREF 46269c508 2,047,591 20,881 SH   SOLE 0 20,881 0 0
JPMorgan COM 46625h100 1,268,473 19,049 SH   SOLE 0 19,049 0 0
JP Morgan Chase COM 46634e114 4,926 200 SH   SOLE 0 200 0 0
Jefferies Group CONV BOND 472319ag7 1,380,074 1,362,000 SH   SOLE 0 1,362,000 0 0
KB HOME CONV BOND 48666KAS8 2,261,358 2,330,000 SH   SOLE 0 2,330,000 0 0
Kimball Electronics COM 49428j109 1,240,124 89,475 SH   SOLE 0 89,475 0 0
Kinder Morgan COM 49456b101 916,021 39,603 SH   SOLE 0 39,603 0 0
Kinder Morgan Inc COM 49456b119 107 7,140 SH   SOLE 0 7,140 0 0
LGI Homes COM 50187t106 22,104 600 SH   SOLE 0 600 0 0
MPLX COM 55336v100 3,307,615 97,685 SH   SOLE 0 97,685 0 0
MainSource Financial COM 56062y102 524,971 21,041 SH   SOLE 0 21,041 0 0
Merck COM 58933y105 1,030,264 16,508 SH   SOLE 0 16,508 0 0
MutualFirst Financial COM 62845b104 937,539 33,810 SH   SOLE 0 33,810 0 0
NGL Energy Partners COM 62913M107 6,712,969 356,315 SH   SOLE 0 356,315 0 0
Navistar Intl Corp CONV BOND 63934eaq1 2,038,007 2,145,000 SH   SOLE 0 2,145,000 0 0
Newmont Mining CONV BOND 651639AJ5 2,181,393 1,995,000 SH   SOLE 0 1,995,000 0 0
Nicolet Bankshares COM 65406e102 794,924 21,052 SH   SOLE 0 21,052 0 0
ONEOK Partners COM 68268N103 19,975 500 SH   SOLE 0 500 0 0
Park Sterling COM 70086y105 1,332 164 SH   SOLE 0 164 0 0
Peoples Financial COM 71103b102 866,562 81,291 SH   SOLE 0 81,291 0 0
Plains GP Holdings COM 72651a108 1,897,871 146,667 SH   SOLE 0 146,667 0 0
Premier Financial Bancorp COM 74050m105 1,060,202 61,855 SH   SOLE 0 61,855 0 0
Prospect Capital Corp CONV BOND 74348TAK8 2,266,930 2,219,000 SH   SOLE 0 2,219,000 0 0
QCR Holdings COM 74727a104 3,948,599 124,405 SH   SOLE 0 124,405 0 0
QEP Resources COM 74733v100 29,295 1,500 SH   SOLE 0 1,500 0 0
Quidel Corp CONV BOND 74838JAA9 2,008,403 1,985,000 SH   SOLE 0 1,985,000 0 0
RAIT Financial CONV BOND 749227AB0 683,663 745,000 SH   SOLE 0 745,000 0 0
Rent-A-Center COM 76009n100 489,800 38,750 SH   SOLE 0 38,750 0 0
Royal Gold CONV BOND 780287AA6 1,451,514 1,295,000 SH   SOLE 0 1,295,000 0 0
SB Financial Group COM 78408d105 2,168,772 170,769 SH   SOLE 0 170,769 0 0
SPDR S&P 600 Small Cap Value ETF COM 78464a300 456,628 4,258 SH   SOLE 0 4,258 0 0
SPDR Dow Jones Industrial Average COM 78467x109 7,532,194 41,209 SH   SOLE 0 41,209 0 0
Summit Financial Group COM 86606g101 2,187,593 114,175 SH   SOLE 0 114,175 0 0
Sunpower CONV BOND 867652AJ8 1,317,559 1,735,000 SH   SOLE 0 1,735,000 0 0
Sunpower Corp CONV BOND 867652AK5 761,250 1,000,000 SH   SOLE 0 1,000,000 0 0
Targa Resources Corp COM 87612g101 3,603,712 73,380 SH   SOLE 0 73,380 0 0
Tesoro Logistics COM 88160T107 2,155,289 44,494 SH   SOLE 0 44,494 0 0
3M Co COM 88579y101 2,655,755 15,070 SH   SOLE 0 15,070 0 0
Titan Machinery CONV BOND 88830RAB7 2,350,391 2,692,000 SH   SOLE 0 2,692,000 0 0
Transmontaigne Partners COM 89376v100 67,048 1,625 SH   SOLE 0 1,625 0 0
Travelers Companies COM 89417e109 1,707,368 14,905 SH   SOLE 0 14,905 0 0
Two River Bancorp COM 90207c105 690,175 59,911 SH   SOLE 0 59,911 0 0
United Community Banks COM 90984p303 4,624 220 SH   SOLE 0 220 0 0
UnitedHealth Group COM 91324p102 2,112,320 15,088 SH   SOLE 0 15,088 0 0
Verizon Communications COM 92343v104 944,944 18,179 SH   SOLE 0 18,179 0 0
Visa COM 92826c839 1,226,689 14,833 SH   SOLE 0 14,833 0 0
Williams Partners COM 96950f104 42,620 1,146 SH   SOLE 0 1,146 0 0
Windstream Holdings COM 97382a101 5,025 500 SH   SOLE 0 500 0 0
Wintrust Financial CONV PREF 97650w306 2,001,038 1,452 SH   SOLE 0 1,452 0 0
Xerium Technologies COM 98416j118 408,062 51,328 SH   SOLE 0 51,328 0 0
Enbridge Energy COM ckc50x106 8,800,576 198,973 SH   SOLE 0 198,973 0 0
Aircastle LTD COM g0129k104 1,482,688 74,657 SH   SOLE 0 74,657 0 0
Bunge Ltd CONV PREF g16962204 2,225,221 23,397 SH   SOLE 0 23,397 0 0
Seagate Technology COM G7945M107 23,130 600 SH   SOLE 0 600 0 0
Genco Shipping COM y2685t123 108 2,155 SH   SOLE 0 2,155 0 0
Genco Shipping COM y2685t131 50,753 11,081 SH   SOLE 0 11,081 0 0
Navios Maritime Acquisition COM y62159101 12,150 9,000 SH   SOLE 0 9,000 0 0
Navios Maritime Holdings COM y62196103 404,382 334,200 SH   SOLE 0 334,200 0 0
Navios Maritime Partners COM y62267102 12,510 9,000 SH   SOLE 0 9,000 0 0
Teekay LNG COM y8564m105 1,378,978 91,142 SH   SOLE 0 91,142 0 0
Teekay Inc COM y8564w103 757,484 98,247 SH   SOLE 0 98,247 0 0
Teekay Offshore COM y8565j101 30,064 4,757 SH   SOLE 0 4,757 0 0
Teekay Tankers COM y8565n102 25,300 10,000 SH   SOLE 0 10,000 0 0
VTTI Energy Partners COM y9384m101 3,163,112 166,392 SH   SOLE 0 166,392 0 0