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
A G C O CORP COM 001084102 575 9,720 SH   SOLE   9,720 0 0
A G L RESOURCES INC COM 001204106 222 4,700 SH   SOLE   4,700 0 0
A T & T INC NEW COM 00206R102 272 7,750 SH   SOLE   7,750 0 0
ADVANCED CELL TECHNOLOGY COM 00752K105 1 10,000 SH   SOLE   10,000 0 0
ALASKA AIR GROUP INC DE COM 011659109 2,241 30,539 SH   SOLE   30,539 0 0
ALPS TRUST ETF ALERIAN MLP COM 00162Q866 239 13,440 SH   SOLE   13,440 0 0
ALTRIA GROUP INC COM 02209S103 205 5,352 SH   SOLE   5,352 0 0
AMERICAN EXPRESS COMPANY COM 025816109 1,437 15,840 SH   SOLE   15,840 0 0
AMERICAN WATER WORKS CO COM 030420103 292 6,900 SH   SOLE   6,900 0 0
ANNALY CAPITAL MGMT REIT COM 035710409 1,013 101,557 SH   SOLE   101,557 0 0
ARES CAPITAL CORP COM 04010L103 1,138 64,045 SH   SOLE   64,045 0 0
ATLAS AIR WORLDWIDE HLDG COM 049164205 559 13,585 SH   SOLE   13,585 0 0
ATWOOD OCEANICS INC COM 050095108 342 6,403 SH   SOLE   6,403 0 0
Air Lease Corporation COM 00912X302 1,151 37,040 SH   SOLE   37,040 0 0
Aircastle LTD COM G0129K104 1,549 80,870 SH   SOLE   80,870 0 0
BANK OF NY MELLON CP NEW COM 064058100 257 7,355 SH   SOLE   7,355 0 0
BB&T CORP COM 054937107 264 7,066 SH   SOLE   7,066 0 0
BIOMED REALTY TRUST INC COM 09063H107 626 34,570 SH   SOLE   34,570 0 0
BORG WARNER INC COM 099724106 2,591 46,344 SH   SOLE   46,344 0 0
C S X CORP COM 126408103 1,693 58,835 SH   SOLE   58,835 0 0
C V S CAREMARK CORP COM 126650100 5,881 82,170 SH   SOLE   82,170 0 0
CAMPUS CREST COMMUNITIES COM 13466Y105 147 15,590 SH   SOLE   15,590 0 0
CANADIAN NATL RY CO F COM 136375102 4,357 76,412 SH   SOLE   76,412 0 0
CANADIAN PAC RAILWAY F COM 13645T100 295 1,950 SH   SOLE   1,950 0 0
CAPSTEAD MORTGAGE CP NEWREIT COM 14067E506 1,236 102,313 SH   SOLE   102,313 0 0
CATERPILLAR INC COM 149123101 1,222 13,458 SH   SOLE   13,458 0 0
CENTURYLINK INC COM 156700106 286 8,968 SH   SOLE   8,968 0 0
CHEMED CORPORATION NEW COM 16359R103 928 12,114 SH   SOLE   12,114 0 0
CHEVRON CORPORATION COM 166764100 357 2,861 SH   SOLE   2,861 0 0
CHICAGO BRIDGE & IRON F N Y RE COM 167250109 2,247 27,030 SH   SOLE   27,030 0 0
CISCO SYSTEMS INC COM 17275R102 327 14,566 SH   SOLE   14,566 0 0
CLIFFS NATURAL RES INC COM 18683K101 717 27,360 SH   SOLE   27,360 0 0
COACH INC COM 189754104 1,396 24,863 SH   SOLE   24,863 0 0
COCA COLA COMPANY COM 191216100 240 5,799 SH   SOLE   5,799 0 0
CONOCOPHILLIPS COM 20825C104 319 4,520 SH   SOLE   4,520 0 0
CONSOL ENERGY INC COM 20854P109 631 16,600 SH   SOLE   16,600 0 0
CROWN HOLDINGS INC COM 228368106 758 17,000 SH   SOLE   17,000 0 0
Chesapeake Lodging Trust COM 165240102 445 17,600 SH   SOLE   17,600 0 0
Costamare Inc. COM Y1771G102 1,301 71,200 SH   SOLE   71,200 0 0
DELTA AIR LINES INC NEW COM 247361702 2,546 92,675 SH   SOLE   92,675 0 0
DEVON ENERGY CP NEW COM 25179M103 302 4,887 SH   SOLE   4,887 0 0
DIAMOND OFFSHR DRILLING COM 25271C102 600 10,535 SH   SOLE   10,535 0 0
DINEEQUITY INC COM 254423106 747 8,946 SH   SOLE   8,946 0 0
DIRECTV COM 25490A309 3,506 50,765 SH   SOLE   50,765 0 0
DISCOVER FINANCIAL SVCS COM 254709108 611 10,922 SH   SOLE   10,922 0 0
DOMINION RES INC VA NEW COM 25746U109 221 3,418 SH   SOLE   3,418 0 0
DUKE ENERGY CORP NEW COM 26441C204 1,998 28,953 SH   SOLE   28,953 0 0
EMPIRE DISTRICT ELEC CO COM 291641108 659 29,040 SH   SOLE   29,040 0 0
EXPRESS SCRIPTS HLDG CO COM 30219G108 1,033 14,712 SH   SOLE   14,712 0 0
EXXON MOBIL CORPORATION COM 30231G102 392 3,872 SH   SOLE   3,872 0 0
FAMILY DOLLAR STORES INC COM 307000109 487 7,490 SH   SOLE   7,490 0 0
FIFTH STREET FINANCE CP COM 31678A103 3,623 391,636 SH   SOLE   391,636 0 0
FIRST HORIZON NATL CORP COM 320517105 216 18,558 SH   SOLE   18,558 0 0
FORD MOTOR COMPANY NEW COM 345370860 688 44,620 SH   SOLE   44,620 0 0
GENERAL ELECTRIC COMPANY COM 369604103 329 11,726 SH   SOLE   11,726 0 0
GENERAL MOTORS CO COM 37045V100 3,682 90,093 SH   SOLE   90,093 0 0
GENWORTH FINANCIAL INC COM 37247D106 2,537 163,333 SH   SOLE   163,333 0 0
GOODYEAR TIRE & RUBBER COM 382550101 756 31,700 SH   SOLE   31,700 0 0
GREAT PLAINS ENERGY INC COM 391164100 1,344 55,460 SH   SOLE   55,460 0 0
H C P INC REIT COM 40414L109 640 17,610 SH   SOLE   17,610 0 0
HANESBRANDS INC COM 410345102 438 6,230 SH   SOLE   6,230 0 0
HARTFORD FINL SVCS GRP COM 416515104 445 12,281 SH   SOLE   12,281 0 0
HAWAIIAN ELEC INDUSTRIES COM 419870100 3,915 150,222 SH   SOLE   150,222 0 0
HEALTH CARE REIT INC REIT COM 42217K106 3,000 55,997 SH   SOLE   55,997 0 0
HOME DEPOT INC COM 437076102 385 4,675 SH   SOLE   4,675 0 0
HOSPITALITY PPTYS TRUST BENEFI COM 44106M102 1,722 63,710 SH   SOLE   63,710 0 0
ILLINOIS TOOL WORKS INC COM 452308109 603 7,171 SH   SOLE   7,171 0 0
INTEL CORP COM 458140100 749 28,855 SH   SOLE   28,855 0 0
INTERCONTL HTL NEW ADR F SPONS COM 45857P301 399 11,938 SH   SOLE   11,938 0 0
INTL BUSINESS MACHINES COM 459200101 585 3,120 SH   SOLE   3,120 0 0
ISHARE SPSC600BARVAL COM 464287879 321 2,885 SH   SOLE   2,885 0 0
ISHARES CORE S&P ETF S&P 500 I COM 464287200 224 1,208 SH   SOLE   1,208 0 0
ISHARES S&P U S PFD FUND S&P U COM 464288687 298 8,100 SH   SOLE   8,100 0 0
ISHARES TR MSCI EAFE FD MSCI E COM 464287465 227 3,379 SH   SOLE   3,379 0 0
ISHARES TR S&P 100 INDEXS COM 464287101 567 6,885 SH   SOLE   6,885 0 0
ISHARES TRUST IBOXX $ HIGH YIE COM 464288513 210 2,260 SH   SOLE   2,260 0 0
JARDEN CORP COM 471109108 238 3,882 SH   SOLE   3,882 0 0
JOHNSON & JOHNSON COM 478160104 201 2,193 SH   SOLE   2,193 0 0
JOHNSON CONTROLS INC COM 478366107 1,930 37,625 SH   SOLE   37,625 0 0
JPMORGAN CHASE & CO COM 46625H100 231 3,942 SH   SOLE   3,942 0 0
KIMBERLY-CLARK CORP COM 494368103 2,350 22,501 SH   SOLE   22,501 0 0
KINDER MORGAN MGMT LLC COM 49455U100 277 3,664 SH   SOLE   3,664 0 0
KKR FINANCIAL HLDGS LLC REIT COM 48248A306 711 58,330 SH   SOLE   58,330 0 0
Koppers Holdings Inc. COM 50060P106 331 7,240 SH   SOLE   7,240 0 0
L S B INDUSTRIES INC COM 502160104 234 5,695 SH   SOLE   5,695 0 0
L T C PROPERTIES INC REIT COM 502175102 4,021 113,608 SH   SOLE   113,608 0 0
LAB CP OF AMER HLDG NEW COM 50540R409 2,639 28,880 SH   SOLE   28,880 0 0
LAKEWOOD MINING LTD F COM 512536103 0 30,000 SH   SOLE   30,000 0 0
LEGGETT & PLATT INC COM 524660107 973 31,440 SH   SOLE   31,440 0 0
LINCOLN NATIONAL CORP COM 534187109 412 7,983 SH   SOLE   7,983 0 0
LOWES COMPANIES INC COM 548661107 317 6,406 SH   SOLE   6,406 0 0
LYONDELLBASELL INDS F CLASS A COM N53745100 429 5,350 SH   SOLE   5,350 0 0
MACYS INC COM 55616P104 956 17,900 SH   SOLE   17,900 0 0
MAIN STREET CAPITAL CORP COM 56035L104 1,056 32,301 SH   SOLE   32,301 0 0
MARATHON OIL CORP COM 565849106 1,355 38,397 SH   SOLE   38,397 0 0
MARATHON PETE CORP COM 56585A102 2,257 24,605 SH   SOLE   24,605 0 0
MEDICAL PROPERTIES TRUST REIT COM 58463J304 2,766 226,390 SH   SOLE   226,390 0 0
METLIFE INC COM 59156R108 211 3,914 SH   SOLE   3,914 0 0
MOHAWK INDUSTRIES INC COM 608190104 1,549 10,405 SH   SOLE   10,405 0 0
MOLYCORP INC COM 608753109 196 34,800 SH   SOLE   34,800 0 0
NATIONAL OILWELL VARCO COM 637071101 511 6,419 SH   SOLE   6,419 0 0
NEW YORK CMNTY BANCORP COM 649445103 396 23,525 SH   SOLE   23,525 0 0
NORFOLK SOUTHERN CORP COM 655844108 754 8,118 SH   SOLE   8,118 0 0
New American Airlines COM 02376R102 1,799 71,260 SH   SOLE   71,260 0 0
OLD DOMINION FREIGHT LNS COM 679580100 860 16,220 SH   SOLE   16,220 0 0
PENN WEST PETE LTD NEW F COM 707887105 170 20,300 SH   SOLE   20,300 0 0
PEPCO HOLDINGS INC COM 713291102 1,723 90,060 SH   SOLE   90,060 0 0
PHILIP MORRIS INTL INC COM 718172109 415 4,763 SH   SOLE   4,763 0 0
PORTLAND GENERAL ELEC COM 736508847 3,114 103,127 SH   SOLE   103,127 0 0
PORTOLA PACKAGING INC **PRIVAT COM 737990952 0 11,939 SH   SOLE   11,939 0 0
POTASH CORP SASK INC F COM 73755L107 655 19,862 SH   SOLE   19,862 0 0
POTLATCH CORPORATION NEW COM 737630103 928 22,236 SH   SOLE   22,236 0 0
POWERSHS EXCH TRAD FD TR PREFE COM 73936T565 137 10,190 SH   SOLE   10,190 0 0
PROCTER & GAMBLE COM 742718109 267 3,275 SH   SOLE   3,275 0 0
RAYONIER INC REIT COM 754907103 379 9,000 SH   SOLE   9,000 0 0
REDDY ICE HLDGS INC NEW COM 75734R303 562 113,614 SH   SOLE   113,614 0 0
REGIONS FINANCIAL CORP COM 7591EP100 125 12,655 SH   SOLE   12,655 0 0
ROYAL CARIBBEAN CRUISESF COM V7780T103 1,638 34,543 SH   SOLE   34,543 0 0
SANDISK CORP COM 80004C101 2,286 32,410 SH   SOLE   32,410 0 0
SCHEIN HENRY INC COM 806407102 1,518 13,285 SH   SOLE   13,285 0 0
SCRIPPS NTWK INTERACTIV CLASS COM 811065101 1,279 14,800 SH   SOLE   14,800 0 0
SEADRILL LTD F COM G7945E105 3,792 92,300 SH   SOLE   92,300 0 0
SIX FLAGS ENTERTAINMENT COM 83001A102 2,097 56,957 SH   SOLE   56,957 0 0
SOUTHERN COPPER CORP COM 84265V105 718 25,017 SH   SOLE   25,017 0 0
SPDR BARCLAYS ETF HIGH YIELD V COM 78464A417 374 9,228 SH   SOLE   9,228 0 0
STARWOOD PPTY TRUST INC COM 85571B105 3,898 140,725 SH   SOLE   140,725 0 0
SUN COMMUNITIES INC REIT COM 866674104 395 9,260 SH   SOLE   9,260 0 0
TAL INTERNATIONAL GROUP COM 874083108 1,547 26,983 SH   SOLE   26,983 0 0
TARGET CORPORATION COM 87612E106 1,944 30,718 SH   SOLE   30,718 0 0
TEXTRON INCORPORATED COM 883203101 820 22,302 SH   SOLE   22,302 0 0
THERMO FISHER SCIENTIFIC COM 883556102 3,526 31,666 SH   SOLE   31,666 0 0
TIFFANY & CO NEW COM 886547108 1,318 14,210 SH   SOLE   14,210 0 0
TRINITY INDUSTRIES INC COM 896522109 1,538 28,208 SH   SOLE   28,208 0 0
TRW Automotive Holdings Corp. COM 87264S106 316 4,245 SH   SOLE   4,245 0 0
U S BANCORP DEL NEW COM 902973304 237 5,872 SH   SOLE   5,872 0 0
UNION PACIFIC CORP COM 907818108 4,058 24,154 SH   SOLE   24,154 0 0
VERIZON COMMUNICATIONS COM 92343V104 3,917 79,703 SH   SOLE   79,703 0 0
WABTEC COM 929740108 2,121 28,561 SH   SOLE   28,561 0 0
WALGREEN COMPANY COM 931422109 356 6,191 SH   SOLE   6,191 0 0
WALTER ENERGY INC COM 93317Q105 757 45,525 SH   SOLE   45,525 0 0
WELLS FARGO & CO NEW COM 949746101 792 17,445 SH   SOLE   17,445 0 0
WISDOMTREE MIDCAP COM 97717W505 297 3,985 SH   SOLE   3,985 0 0
ALLIANCE RES PARTNERS LP LTD 01877R108 1,926 25,010 SH   SOLE   25,010 0 0
AMERIGAS PARTNERS LP LTD 030975106 3,636 81,585 SH   SOLE   81,585 0 0
ATLAS PIPELINE PART LP LTD 049392103 1,833 52,292 SH   SOLE   52,292 0 0
BOARDWALK PIPELINE PTNRS LTD 096627104 2,061 80,764 SH   SOLE   80,764 0 0
BREITBURN ENERGY PTNR LP LTD 106776107 887 43,600 SH   SOLE   43,600 0 0
BUCKEYE PARTNERS UTS L P UNIT LTD 118230101 814 11,465 SH   SOLE   11,465 0 0
CEDAR FAIR L P DEP UTS LTD 150185106 2,361 47,620 SH   SOLE   47,620 0 0
EAGLE ROCK ENGY PARTNERS LTD 26985R104 137 23,000 SH   SOLE   23,000 0 0
EL PASO PIPELINE PTNR LP LTD 283702108 393 10,930 SH   SOLE   10,930 0 0
ENBRIDGE ENERGY PTNRS LP LTD 29250R106 467 15,650 SH   SOLE   15,650 0 0
ENERGY TRANSFER PARTNERS UNITS LTD 29273R109 1,265 22,100 SH   SOLE   22,100 0 0
ENTERPRISE PRD PRTNRS LP LTD 293792107 612 9,227 SH   SOLE   9,227 0 0
FERRELLGAS PARTNERS LP LTD 315293100 3,068 133,666 SH   SOLE   133,666 0 0
HI-CRUSH PARTNERS LP LTD 428337109 931 24,500 SH   SOLE   24,500 0 0
HOLLY ENERGY PARTNERS LTD 435763107 894 27,645 SH   SOLE   27,645 0 0
KINDER MORGAN ENERGY LP UNIT L LTD 494550106 1,111 13,778 SH   SOLE   13,778 0 0
LINN ENERGY LTD 536020100 711 23,091 SH   SOLE   23,091 0 0
NATURAL RESOURCE PTNR LP LTD 63900P103 778 39,000 SH   SOLE   39,000 0 0
NAVIOS MARITIME PTNRS F LTD Y62267102 2,247 117,545 SH   SOLE   117,545 0 0
NISKA GAS STORAGE PTNRS LTD 654678101 422 28,600 SH   SOLE   28,600 0 0
NUSTAR ENERGY LP LTD 67058H102 2,212 43,389 SH   SOLE   43,389 0 0
ONEOK PARTNERS LP LTD 68268N103 1,761 33,450 SH   SOLE   33,450 0 0
PLAINS ALL AMERN PPLN LP UNIT LTD 726503105 264 5,100 SH   SOLE   5,100 0 0
PVR PARTNERS LP LTD 693665101 554 20,645 SH   SOLE   20,645 0 0
QR ENERGY LP LTD 74734R108 187 10,900 SH   SOLE   10,900 0 0
RHINO RES PARTNERS LP LTD 76218Y103 528 46,385 SH   SOLE   46,385 0 0
T C PIPELINES LP LTD 87233Q108 1,994 41,170 SH   SOLE   41,170 0 0
TEEKAY LNG PARTNERS LP F LTD Y8564M105 520 12,185 SH   SOLE   12,185 0 0
TEEKAY OFFSHORE PARTNERF LTD Y8565J101 1,271 38,405 SH   SOLE   38,405 0 0
WESTERN GAS PARTNERS L P LTD 958254104 1,648 26,715 SH   SOLE   26,715 0 0
WILLIAMS PARTNERS LTD 96950F104 2,568 50,491 SH   SOLE   50,491 0 0
AEGON NV 6.50% PFD F PERPETUAL PFD 007924400 555 23,540 SH   SOLE   23,540 0 0
AEGON NV 7.25% PFD F CAP SECS PFD N00927348 271 10,672 SH   SOLE   10,672 0 0
AFLAC INC 5.5%52 SUB DEB DUE 0 PFD 001055300 218 10,250 SH   SOLE   10,250 0 0
Ashford Hospitality Trust Inc PFD 044103208 257 10,160 SH   SOLE   10,160 0 0
BANK OF AMER SER I PFD DEP SH PFD 060505740 248 9,900 SH   SOLE   9,900 0 0
BARCLAYS BANK 7.75%ADR F SPONS PFD 06739H511 231 9,100 SH   SOLE   9,100 0 0
CBL & ASSOC DEP SHS PFD REPS 1 PFD 124830605 526 22,138 SH   SOLE   22,138 0 0
CBL& ASSOC 6.625% DEP SH REP 1 PFD 124830803 388 18,250 SH   SOLE   18,250 0 0
CLIFFS NAT RES 7% PFD DEP 1/40 PFD 18683K408 3,100 135,007 SH   SOLE   135,007 0 0
CORNERSTONE BANCSHA PFD PFD CO PFD 218924207 5,598 223,920 SH   SOLE   223,920 0 0
DIGITAL RLTY TR 6.625% SERIES PFD 253868806 229 11,130 SH   SOLE   11,130 0 0
LASALLE HTL 7.25% G PFD PERPET PFD 517942603 294 12,440 SH   SOLE   12,440 0 0
METLIFE INC B 6.50% PFD NON-CU PFD 59156R603 222 8,900 SH   SOLE   8,900 0 0
Morgan Stanley Capital Tr VII PFD 61750K208 339 13,940 SH   SOLE   13,940 0 0
PUBLIC STORAGE 5.375%PFD DEP S PFD 74460W800 200 10,250 SH   SOLE   10,250 0 0
REDDY ICE HLDGS INC PFD 7% CON PFD 75734R204 237 43,128 SH   SOLE   43,128 0 0
SL GREEN RLTY 6.5% PFD SERIES PFD 78440X507 258 12,120 SH   SOLE   12,120 0 0
SLM CORP 6%43 SENIOR NOTE DUE PFD 78442P304 616 33,133 SH   SOLE   33,133 0 0