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
ANWORTH MORTGAGE ASSET CP COM 037347101 4,954 1,007,005 SH   SOLE 0 1,007,005 0 0
AQUA METALS INC COM 03837J101 1,190 134,282 SH   SOLE 0 134,282 0 0
ASTA FDG INC COM 046220109 42,060 4,005,701 SH   SOLE 0 4,005,701 0 0
ATLANTIC PWR CORP COM NEW 04878Q863 19,423 7,863,599 SH   SOLE 0 7,863,599 0 0
BRIDGEPOINT ED INC COM 10807M105 16,227 2,362,069 SH   SOLE 0 2,362,069 0 0
CALAMOS ASSET MGMT INC CL A 12811R104 8,254 1,210,289 SH   SOLE 0 1,210,289 0 0
CAREER EDUCATION CORP COM 141665109 18,089 2,664,061 SH   SOLE 0 2,664,061 0 0
CHERRY HILL MTG INVT CORP COM 164651101 6,372 372,424 SH   SOLE 0 372,424 0 0
ECHOSTAR CORP CL A 278768106 64,813 1,478,728 SH   SOLE 0 1,478,728 0 0
EQUITY COMWLTH COM SH BEN INT 294628102 21,529 712,399 SH   SOLE 0 712,399 0 0
FIFTH STREET FINANCE CORP COM 31678A103 6,757 1,162,915 SH   SOLE 0 1,162,915 0 0
ICONIX BRAND GROUP INC NOTE 1.500% 3/1 451055AF4 1,730 2,000 PRN   SOLE 0 2,000 0 0
INTEROIL CORP COM 460951106 13,174 258,715 SH   SOLE 0 258,715 0 0
INVESCO MORTGAGE CAPITAL INC COM 46131B100 32,242 2,117,007 SH   SOLE 0 2,117,007 0 0
MYLAN N V SHS EURO N59465109 7,624 200,000 SH   SOLE 0 200,000 0 0
NMI HLDGS INC CL A 629209305 4,603 604,131 SH   SOLE 0 604,131 0 0
OM ASSET MGMT PLC SHS G67506108 7,048 506,671 SH   SOLE 0 506,671 0 0
RPX CORP COM 74972G103 38,402 3,592,314 SH   SOLE 0 3,592,314 0 0
RYMAN HOSPITALITY PPTYS INC COM 78377T107 8,161 169,449 SH   SOLE 0 169,449 0 0
SOLARCITY CORP COM 83416T100 1,043 53,300 SH   SOLE 0 53,300 0 0
SOLARCITY CORP COM 83416T100 2,087 106,700 SH Put SOLE 0 106,700 0 0
STEEL PARTNERS HLDGS L P LTD PRTRSHIP U 85814R107 6,068 422,888 SH   SOLE 0 422,888 0 0
SUNCOKE ENERGY INC COM 86722A103 65,239 8,134,491 SH   SOLE 0 8,134,491 0 0
TESLA MTRS INC COM 88160R101 14,282 70,000 SH Put SOLE 0 70,000 0 0
WESTMORELAND COAL CO COM 960878106 16,786 1,894,608 SH   SOLE 0 1,894,608 0 0