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
APPLE COMPUTER INC COM 37833100 665 1,678 SH   SOLE   0 0 1,678
JPMORGAN CHASE & CO ALERIAN COM 46625H365 2,154 46,192 SH   SOLE   465 0 45,727
ACE MARKETING & PROMOTIONS COM 4409108 9 21,000 SH   SOLE   0 0 21,000
ALPINE TOTAL DYNAMIC DIVIDEN CONV BONDS 21060108 8,923 2,282,215 PRN   SOLE   103,740 0 2,178,475
AMERICAN EXPRESS CO COM 25816109 957 12,800 SH   SOLE   0 0 12,800
BREITBURN ENERGY PARTNERS LP COM 106776107 219 12,000 SH   SOLE   0 0 12,000
B & G FOODS INC NEW CL A COM 05508R106 327 9,600 SH   SOLE   2,010 0 7,590
POWERSHARES SENIOR LOAN CONV BONDS 73936Q769 11,310 456,975 PRN   SOLE   21,430 0 435,545
BUCKEYE PARTNERS L P COM 118230101 1,975 28,157 SH   SOLE   0 0 28,157
CATERPILLAR INC COM 149123101 257 3,114 SH   SOLE   0 0 3,114
CELGENE CORP COM 151020104 351 3,000 SH   SOLE   0 0 3,000
CONOCOPHILLIPS COM 20825C104 207 3,417 SH   SOLE   0 0 3,417
COSTCO WHOLESALE CORP COM 22160K105 442 4,000 SH   SOLE   0 0 4,000
CYPRESS SHARPRIDGE INVTS INC COM 12673A108 6,040 655,855 SH   SOLE   24,800 0 631,055
DOLLAR TREE INC COM 256746108 4,019 79,045 SH   SOLE   0 0 79,045
DCP MIDSTREAM PARTNERS LP U COM 23311P100 271 5,000 SH   SOLE   0 0 5,000
DR PEPPER SNAPPLE GROUP INC. COM 26138E109 3,253 70,825 SH   SOLE   2,270 0 68,555
DOUBLELINE INCOME SOLUTIONS CONV BONDS 258622109 1,161 50,000 PRN   SOLE   0 0 50,000
E M C CORP MASS COM 268648102 203 8,600 SH   SOLE   0 0 8,600
EL PASO PIPELINE PARTNERS COM 283702108 885 20,275 SH   SOLE   150 0 20,125
ENTERPRISE PRODS PARTNERS L COM 293792107 19,839 319,216 SH   SOLE   17,195 0 302,021
ECOSPHERE TECH INC COM 27922X105 60 173,012 SH   SOLE   0 0 173,012
ENERGY TRANSFER EQUITY L P U COM 29273V100 359 6,000 SH   SOLE   0 0 6,000
EV ENERGY PARTNERS LP COM 26926V107 374 10,000 SH   SOLE   0 0 10,000
FERRELLGAS PARTNERS L P UNIT COM 315293100 495 22,872 SH   SOLE   2,000 0 20,872
FIVE BELOW COM 33829M101 553 15,000 SH   SOLE   0 0 15,000
GENESIS ENERGY LP COM 371927104 259 5,000 SH   SOLE   0 0 5,000
GENERAL MILLS INC COM 370334104 2,257 46,510 SH   SOLE   1,320 0 45,190
GOOGLE INC COM 38259P508 437 496 SH   SOLE   0 0 496
GOVERNMENT PROPERTIES INCO COM 38376A103 378 15,000 SH   SOLE   0 0 15,000
HOWARD BANCORP COM 442496105 108 13,700 SH   SOLE   0 0 13,700
HOME DEPOT INC COM 437076102 296 3,820 SH   SOLE   0 0 3,820
HOME LOAN SERVICING SOLUTION COM G6648D109 9,095 379,445 SH   SOLE   14,875 0 364,570
I B M COM 459200101 466 2,436 SH   SOLE   0 0 2,436
NUVEEN MULT CURR ST GV INCM CONV BONDS 67090N109 117 10,440 PRN   SOLE   0 0 10,440
JOHNSON & JOHNSON COM 478160104 839 9,772 SH   SOLE   0 0 9,772
KINDER MORGAN INC/DELAWARE COM 49456B101 467 12,245 SH   SOLE   585 0 11,660
KINDER MORGAN EGY PTNS L P COM 494550106 1,207 14,139 SH   SOLE   0 0 14,139
KINDER MORGAN MANAGEMENT LLC COM 49455U100 1,531 18,314 SH   SOLE   0 0 18,314
KRAFT FOOD GROUP COM 50076Q106 1,451 25,964 SH   SOLE   1,666 0 24,298
LINN ENERGY LLC COM 536020100 596 17,970 SH   SOLE   0 0 17,970
LEXINGTON REALTY TRUST COM 529043101 1,928 165,045 SH   SOLE   9,505 0 155,540
ISHARES BARCLAYS MBS BOND CONV BONDS 464288588 9,484 90,125 PRN   SOLE   4,655 0 85,470
MEDLEY CAP CORP COM 58503F106 7,324 539,307 SH   SOLE   18,045 0 521,262
MONDELEZ INTERNATIONAL INC COM 609207105 2,699 94,589 SH   SOLE   5,000 0 89,589
MAGELLAN MIDSTGREAM PARTNERS COM 559080106 8,931 163,880 SH   SOLE   5,320 0 158,560
MERCK & COMPANY COM 58933Y105 215 4,634 SH   SOLE   2,100 0 2,534
MARKWEST ENERGY PARTNERS L P COM 570759100 301 4,500 SH   SOLE   0 0 4,500
NEWCASTLE INVESTMENT COM 65105M108 2,372 453,590 SH   SOLE   6,330 0 447,260
TARGA RESOURCES PARTNERS LP COM 87611X105 9,232 182,995 SH   SOLE   9,199 0 173,796
INERGY MIDSTREAM LP COM 45671U106 582 26,176 SH   SOLE   0 0 26,176
INERGY L P COM 456615103 971 60,586 SH   SOLE   0 0 60,586
NEW RESIDENTIAL INVESTMENT C COM 64828T102 2,993 444,090 SH   SOLE   6,330 0 437,760
NESTLE S A ADR SPON REG SH COM 641069406 344 5,250 SH   SOLE   0 0 5,250
Nuveen Dividend Advantage Mu CONV BONDS 67071L106 409 30,650 PRN   SOLE   0 0 30,650
Nuveen Dividend Advantage Mu CONV BONDS 67070F100 323 23,150 PRN   SOLE   0 0 23,150
ONEOK PARTNERS L P COM 68268N103 277 5,600 SH   SOLE   0 0 5,600
PLAINS ALL AMERN PIPELINE L COM 726503105 12,014 215,273 SH   SOLE   9,565 0 205,708
PIMCO DYNAMIC INC FUND CONV BONDS 72201Y101 10,953 374,455 PRN   SOLE   14,335 0 360,120
PEPSICO INC COM 713448108 340 4,155 SH   SOLE   0 0 4,155
PFIZER INC COM 717081103 678 24,210 SH   SOLE   650 0 23,560
PROCTER & GAMBLE COMPANY COM 742718109 407 5,292 SH   SOLE   0 0 5,292
PATRIOT NATL BANCORP INC COM 70336F104 13 10,200 SH   SOLE   0 0 10,200
PROSPECT CAPITAL CORPORATION COM 74348T102 346 32,000 SH   SOLE   0 0 32,000
PVR PARTNERS LP COM 693665101 2,406 88,148 SH   SOLE   11,760 0 76,388
PLAYMATES HOLDINGS COM 34832960 353 410,000 SH   SOLE   0 0 410,000
RAIT FINANCIAL TRUST COM 749227609 5,900 784,520 SH   SOLE   24,725 0 759,795
SANDRIDGE MISSISSIPPIAN TRUS COM 80007V106 296 23,700 SH   SOLE   0 0 23,700
SIGNATURE GROUP HOLDINGS COM 82670C100 25 27,050 SH   SOLE   16,800 0 10,250
PROSHARES TR CONV BONDS 74347R503 5,592 188,357 PRN   SOLE   5,365 0 182,992
SINGING MACH INC COM 829322304 83 375,500 SH   SOLE   0 0 375,500
SENIOR HSG PPTYS TR SH BEN I COM 81721M109 2,808 108,305 SH   SOLE   2,000 0 106,305
SUBURBAN PROPANE PARTNERS LP COM 864482104 357 7,696 SH   SOLE   0 0 7,696
A T & T INC (NEW) COM 00206R102 239 6,743 SH   SOLE   0 0 6,743
TALLGRASS ENERGY PARTNERS LP COM 874697105 2,546 121,260 SH   SOLE   4,550 0 116,710
THORNBURG MTG INC NEW COM 885218800 0 100,000 SH   SOLE   0 0 100,000
TEEKAY OFFSHORE PARTNERS LP COM Y8565J101 1,078 33,207 SH   SOLE   2,555 0 30,652
TIME WARNER INC COM COM 887317303 212 3,666 SH   SOLE   0 0 3,666
VANGUARD NATURAL RESOURCES COM 92205F106 502 18,000 SH   SOLE   0 0 18,000
VERIZON COMMUNICATIONS COM 92343V104 570 11,330 SH   SOLE   500 0 10,830
WESTERN GAS PARTNERS LP U COM 958254104 7,190 110,803 SH   SOLE   6,055 0 104,748
WILLIAMS COS INC COM 969457100 4,387 135,095 SH   SOLE   3,615 0 131,480
WAL MART STORES INC COM 931142103 7,919 106,310 SH   SOLE   0 0 106,310
WILLIAMS PARTNERS LP COM 96950F104 5,292 102,552 SH   SOLE   5,590 0 96,962
XCEL ENERGY INC COM 98389B100 355 12,514 SH   SOLE   0 0 12,514
EXXON MOBIL CORP COM 30231G102 687 7,606 SH   SOLE   0 0 7,606