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
AT&T INC COM 00206r102 8,837 251,328 SH   SOLE   251,328 0 0
ALLIANCE RES PARTNER L P COM 01877r108 11,379 147,774 SH   SOLE   147,774 0 0
Astrazeneca PLC - Spons ADR COM 046353108 11,212 188,848 SH   SOLE   188,848 0 0
BAE Systems COM 05523r107 504 17,210 SH   SOLE   17,210 0 0
BOARDWALK PIPELINE PARTNERS COM 096627104 11,498 450,547 SH   SOLE   450,547 0 0
BRITISH AMERN TOB PLC COM 110448107 159 1,482 SH   SOLE   1,482 0 0
Brookfield Infrast Partners COM g16252101 6,960 177,448 SH   SOLE   177,448 0 0
Cheniere Energy Partners LP COM 16411q101 4,700 164,047 SH   SOLE   164,047 0 0
Credit Suisse Group COM 225401108 283 9,108 SH   SOLE   9,108 0 0
Diamond Offshore Drilling COM 25271c102 13,401 235,431 SH   SOLE   235,431 0 0
Energy Trans Equity LP COM 29273v100 2,906 35,557 SH   SOLE   35,557 0 0
Energy Transfer Partners COM 29273R109 13,611 237,740 SH   SOLE   237,740 0 0
Federated Investors Inc COM 314211103 14,116 490,125 SH   SOLE   490,125 0 0
Hutchison Port Hldgs USD Sedol COM 44842D101 64 94,908 SH   SOLE   94,908 0 0
KKR FINL HLDGS LLC COM 48248a306 13,671 1,121,488 SH   SOLE   1,121,488 0 0
Kinder Morgan Energy Partners COM 494550106 19,286 239,105 SH   SOLE   239,105 0 0
Kinder Morgan Inc COM 49456b101 2,371 65,850 SH   SOLE   65,850 0 0
Lyondellbasell Inds NV COM n53745100 9,152 114,000 SH   SOLE   114,000 0 0
National Retail Properties Inc COM 637417106 9,072 299,109 SH   SOLE   299,109 0 0
Nestles ADR COM 641069406 293 3,985 SH   SOLE   3,985 0 0
Novo Nordisk AS COM 670100205 68 366 SH   SOLE   366 0 0
Oaktree Capital Group LLC COM 674001201 15,410 261,894 SH   SOLE   261,894 0 0
PennyMac Mtg Inv Tr COM 70931t103 20,065 873,894 SH   SOLE   873,894 0 0
Philip Morris Intl Inc COM 718172109 3,838 44,047 SH   SOLE   44,047 0 0
Posco ADR COM 693483109 80 1,025 SH   SOLE   1,025 0 0
Realty Income Corp COM 756109104 8,930 239,226 SH   SOLE   239,226 0 0
Regal Entertainment Group COM 758766109 15,870 815,916 SH   SOLE   815,916 0 0
Samsung SEDOL 4942818 COM 796050888 281 431 SH   SOLE   431 0 0
Sanofi Aventis COM 80105n105 125 2,333 SH   SOLE   2,333 0 0
SAP AG COM 803054204 223 2,558 SH   SOLE   2,558 0 0
Ship Finance Intl Ltd COM g81075106 15,640 954,820 SH   SOLE   954,820 0 0
Solar Capital Ltd COM 83413u100 7,380 327,277 SH   SOLE   327,277 0 0
Starwood Property Trust Inc COM 85571b105 10,294 371,621 SH   SOLE   371,621 0 0
TC Pipelines LP COM 87233q108 7,014 144,834 SH   SOLE   144,834 0 0
Teekay LNG Partners LP COM y8564m105 9,450 221,251 SH   SOLE   221,251 0 0
Telstra Corp LTD COM 87969n204 425 18,137 SH   SOLE   18,137 0 0
Unilever ADR COM 904784709 281 6,989 SH   SOLE   6,989 0 0
Vodafone Group PLC COM 92857w209 12,777 325,042 SH   SOLE   325,042 0 0