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 Corp.(New) COM 00206r102 26,573 791,113 SH   SOLE   790,178 0 935
Alliance Resource Partners - L COM 01877r108 23,624 548,746 SH   SOLE   548,278 0 468
American Capital Agency Corp COM 02503x105 27,198 1,245,880 SH   SOLE   1,245,880 0 0
Apollo Global Management LLC COM 037612306 12,951 549,250 SH   SOLE   549,250 0 0
ARCELORMITTAL SA LUXEMBOURG COM 03938L104 42 3,840 SH   SOLE   3,840 0 0
Ares Capital Corp COM 04010L103 19,761 1,266,735 SH   SOLE   1,266,735 0 0
BCE Inc COM 05534B760 18 400 SH   SOLE   0 0 400
Bancroft Fund Ltd COM 059695106 13 626 SH   SOLE   0 0 626
Barclays High Yield Bd Fd SPDR COM 78464a417 6 158 SH   SOLE   0 0 158
Blackstone Mortgage Trust Inc COM 09257w100 29,492 1,012,070 SH   SOLE   1,011,128 0 942
British American Tobacco PLC COM 110448107 18 166 SH   SOLE   0 0 166
Brookfield Infrastructure Part COM g16252101 8,649 206,567 SH   SOLE   205,948 0 619
Calamos Conv Oppty & Incm Fd COM 128117108 6 480 SH   SOLE   0 0 480
Cheniere Energy Partners LP COM 16411q101 6,250 195,317 SH   SOLE   195,317 0 0
Daimler AG COM d1668r123 25 300 SH   SOLE   0 0 300
Duke Energy COM 26441c204 2 28 SH   SOLE   0 0 28
Eaton Vance Floating Rt Incm COM 278279104 10 694 SH   SOLE   0 0 694
Enbridge Energy COM 29250R106 11 273 SH   SOLE   0 0 273
Energy Trans Equity LP COM 29273v100 82 1,424 SH   SOLE   0 0 1,424
Energy Transfer Partners COM 29273R109 39,271 604,168 SH   SOLE   603,922 0 246
Enterprise Products Partners COM 293792107 48 1,324 SH   SOLE   0 0 1,324
Federated Investors Inc COM 314211103 26,956 818,597 SH   SOLE   817,925 0 672
Golar LNG Partners LP COM y2745c102 3 89 SH   SOLE   0 0 89
Health Care Reit Inc COM 42217k106 22 285 SH   SOLE   0 0 285
Home Loan Servicing Solutions, COM G6648D109 11,428 585,450 SH   SOLE   584,610 0 840
KKR & Co. LP Del COM 48248m102 25,794 1,111,345 SH   SOLE   1,110,568 0 777
Lexington Realty Trust COM 529043101 14,093 1,283,510 SH   SOLE   1,283,510 0 0
Liberty Global Inc COM g5480u104 176 3,500 SH   SOLE   3,500 0 0
Lyondellbasell Inds NV COM n53745100 16,242 204,590 SH   SOLE   204,590 0 0
Markwest Energy Ptnrs Lp COM 570759100 14 215 SH   SOLE   0 0 215
National Retail Properties Inc COM 637417106 12,614 320,395 SH   SOLE   319,823 0 572
Novo Nordisk AS COM 670100205 77 1,830 SH   SOLE   1,830 0 0
Nuveen Float Rate Incm Fund COM 67072t108 10 868 SH   SOLE   0 0 868
Nuveen Mun Value Fund COM 670928100 5 481 SH   SOLE   0 0 481
Oaktree Capital Group LLC COM 674001201 19,151 369,494 SH   SOLE   369,494 0 0
PennyMac Mtg Inv Tr COM 70931t103 17,045 807,807 SH   SOLE   806,792 0 1,015
Plains All American Pipeline L COM 726503105 13,685 266,669 SH   SOLE   265,880 0 789
Posco ADR COM 693483109 65 1,025 SH   SOLE   1,025 0 0
Potash Corp Sask Inc COM 73755L107 15,791 447,090 SH   SOLE   447,090 0 0
Realty Income Corp COM 756109104 14,392 301,654 SH   SOLE   301,022 0 632
Regal Entertainment Group COM 758766109 20,177 944,594 SH   SOLE   943,206 0 1,388
Royal Dutch Shell ADR B sedol COM 780259107 25,117 361,080 SH   SOLE   361,080 0 0
Sap Aktiengesell COM 803054204 146 2,098 SH   SOLE   2,098 0 0
Select Income REIT COM 81618t100 11,183 458,151 SH   SOLE   458,151 0 0
Ship Finance Intl Ltd COM g81075106 15,620 1,106,250 SH   SOLE   1,106,250 0 0
Simon Property Group, Inc COM 828806109 3 17 SH   SOLE   0 0 17
Spirit Realty Capital Inc New COM 84860w102 26,874 2,260,200 SH   SOLE   2,260,200 0 0
Starwood Property Trust Inc COM 85571b105 33,012 1,420,475 SH   SOLE   1,418,911 0 1,564
Starwood Waypoint Reside W/I R COM 85571w109 3 111 SH   SOLE   0 0 111
TC Pipelines LP COM 87233q108 14,129 198,381 SH   SOLE   198,194 0 187
Teekay LNG Partners LP COM y8564m105 9,521 221,409 SH   SOLE   221,251 0 158
Unilever ADR COM 904784709 273 6,989 SH   SOLE   6,989 0 0
Verizon Communications COM 92343V104 41 876 SH   SOLE   0 0 876
Vodafone Group PLC COM 92857w308 10,205 298,644 SH   SOLE   298,644 0 0
Washington Prime Group Inc COM 939647103 0 8 SH   SOLE   0 0 8